Grains recovers smartly from Wednesday’s sharp losses.

Grain Markets Surge; Soybeans Lead as Wheat Worries Persist. Brazilian Real Strength Supports, Argentina Cuts Forecasts, and Cattle Prices Reach New Highs.

This morning’s grain trade is higher across the board with soybeans leading the advance along with Kansas City wheat on dry windy weather concerns in the HRW wheat belt. Soybeans are finding strength off of soybean meal, helping produce major support in the 9.94-10.00 price range for beans that is mounting a recovery trade across the board again. The po…