The CBOT started Wednesday’s overnight trade on a high note with traders returning from the prior day’s risk-off selling and finding support from export-led grain demand. Shortly after the day session began, however, hopes of higher trade for grains quickly evaporated as funds and some farmers took advantage of the rally to advance sales. That left grain markets lower with only soybeans and soyoil posting meaningful gains.  Soyoil has found its recent strength in the Trump administration’s claims that it will finalize key biofuel policy items by March and that the resulting blending obligations will be close to the bullish figures released in June 2025. That has created a short-covering rally in the vegoil, which has...