Overnight developments

eCBOT is a little firmer this morning, there doesn't seem to be any particularly fresh news out there, it seems to be more of a rebound from a fortnight of heavy losses.

Export market news is supportive, with the U.S. reporting sales of 244,696 metric tons of corn to Japan and 120,000 tons of soybeans to unidentified destinations for delivery in the marketing year that begins Sept. 1, although this news came out before the opening yesterday.

Beans are around 6-7c firmer, corn 6-8c steadier and wheat around 8c higher at 8 am BST.

Crude shows little change on last night's close of $124.44/barrel, 6 cents lower at $124.38.