Bloomberg Grains Subindex Edges Up 0.06% at NY Close

The headline gain is cosmetic: a 0.06% move masks a session that first tested ground near the July 2 low before bouncing, with wheat the only component in positive territory while corn and soybeans slipped. That divergence matters more than the index print, since it suggests the rebound was narrow rather than broad-based. Whether wheat's relative strength can persist without support from corn and soybeans is the open question, and the proximity to the July low remains the level worth watching.