eCBOT Close

Overnight markets jostled for position ahead of this afternoon's important USDA crop report.

News of a ceasefire in the Russian/Georgian dispute removed some support from crude oil, althought the situation is far from resolved. Crude hovers around the $113/113.50 level.

eCBOT corn closed mixed with nearby months just about in positive territory 1/4c to 3/4c higher.

Wheat was also mixed 1 1/4c higher to 6 1/2c lower.

Soybeans closed around 5-6c easier.

Calls for this afternoon's opening will depend heavily on what the USDA have to say at 13.30BST.