Overnight grain trade exhibits surprising strength after a lower start.

Grain trade opens lower but recovers swiftly. Soybeans gain on tariff optimism. Wheat supports corn amid Turkish crop cuts. Tariffs and WASDE report drive market speculation.

The grain trade opened lower as anticipated Sunday night, but the worst of the trading in price was over within the first minute. Soybeans found immediate buying interest, due to the fact that China’s application of tariffs to some US industries did not include soybeans again. This prompts some to suspect that there may be some form of Phase 1 soybean p…