Corn and soybean futures traded modestly lower overnight after the previous Tuesday's USDA crop production and supply-and-demand reports sparked a sharp rally. December corn fell 3.5 cents and January soybeans fell 6.5 cents, while December soybean meal dropped $1.30 and December soybean oil gained 53 points.
Wheat was lifted briefly by drone attacks on a Russian Baltic port before fading.
Traders are consolidating after the USDA surprise, with hopes that harvest lows are in place. A firmer U.S. dollar near an 18-month high is a headwind for dollar-priced grains, which limits upside for feed ingredients.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.