Corn leads overnight recovery strength.

Corn challenges $5.00, supporting soybeans and wheat. Saudi wheat purchase highlights pricing. NOPA crush report due. Cattle prices pressured by fund liquidation and weak margins.

This morning’s grain trade is mixed after a lower start overnight. Strength in corn has the spot March contract challenging $5.00, throwing support to the soybean and wheat market as Friday’s highs come back into focus. Corn cash basis in the Eastern Midwest firmed late last week, with the Central Illinois corn bid being two cents over. Even though Sout…