All eyes on yield

Of the grains and oilseeds, it was soybeans that seemed to get a spark from todays WASDE report.

The much hyped, 'ideal', growing conditions didn't lead to improved yields in either corn or soybeans and we in fact saw revisions lower.

As a result Soybeans were firmly stronger on the day with talk of potential short term bottom after the large sell off we've experienced recently.

Experts seemed to be a little more skeptical of the corn data, as recent crop tours have all been showing strong crop conditions.

All eyes no turn to weather related frost risk as one of the key drivers of both corn and soybeans.

Wheat was reasonably mixed with slight revisions lower in the US being offset by record worldwide wheat production.