Wheat and corn were lower overnight, and the soy complex was firm. The weakness in wheat was caused by a bigger-than-expected fund long position coupled with a chance for rain in eastern Australia. Soybeans were firm on continued trade optimism. Corn was confused over whether to follow wheat or soybeans, and it chose wheat. Funds were sellers of corn and wheat but light buyers of soybeans. The Pro Farmer corn and soybean tour began today. Early reports were widely scattered but generally good.  U.S. equity markets were firm today as was crude oil.

  Corn FUTURES Sharp losses in the wheat markets coupled with some weekend rain across parts of the western Corn Belt held the corn market steady to lower today. Weekly export in...