Overnight Grains

eCBOT grains have staged a mini rebound overnight from at or near limit down closes in Monday's session on ideas that lower prices will stimulate demand.

Beans are around 20c higher, wheat 10c firmer and corn mixed around unchanged.

Earlier in the session follow-through momentum from last night's limit down close sent corn crashing to fresh 10-month lows.

Meanwhile, the pace of the harvest for this year's late-planted crop remains sluggish and hampered by rain.

Just 14 percent of the corn was collected as of Oct. 5, compared with 39 percent a year earlier and the previous five- year average of 30 percent, the U.S. Department of Agriculture said yesterday in a report. Soybean harvesting was 31 percent completed, compared with 43 percent a year earlier and the five- year average of 41 percent.