Grain and soy futures were firmer overnight with wheat the leader. Winter and spring wheat futures traders seemed inspired by wheat’s ability to avoid the downdraft that took corn and soybean values lower Wednesday. Also, press reports noted dry conditions in the western Canadian Prairies, Australia and Kazakhstan. With world supplies already declining, traders have tended to react to any sign of possible further reductions. World wheat supplies may be headed lower in 2018/19 to a degree, but they should remain more than ample.  Wheat was able to hang onto gains during the day, but corn, soybeans and soymeal ran out of buyers midway through the session and turned lower. Chicago and KC wheat closed up 3-5 cents with MGEX gaining...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, Equities, Energy, China