Overnight grains - higher on crude

Grains are modestly higher overnight, but only partially recovering last night's heavy losses, as crude gained on an AIG rescue plan.

Crude is up around $3 after the Fed agreed to a plan to bail-out failing insurance firm AIG by lending it as much as $85 billion.

This has injected a degree of stability and allayed fears of increased US financial woes reducing demand for crude further.

For now.

Corn is around 2-5c higher, soybeans and wheat both around 10c firmer.