Due to the Monday holiday, the grain trade looks to do a Turn-around Tuesday on Wednesday.

Grains soften after firm trade; biofuel credit uncertainty persists. Brazil holds B14, impacting soybean exports. Cattle futures rise despite packer margin pressure and reduced kills.

After a firm overnight trade, corn, soybeans, and wheat softened in the morning hours in an almost delayed Turnaround-Tuesday affair on Wednesday. Large index money managers bought commodities yesterday in a risk-on play as equities are overvalued. In contrast, the grain trade is still seen as undervalued given potential inflation risks. US tariffs are …