Wheat slid again overnight, poised for a fifth consecutive session of losses as a strong winter wheat outlook pressures the market and beneficial rains aid in crop development.
The CBOT's most-active wheat contract dipped below its 50-day moving average overnight.
Rains disrupted harvest in Brazilian soybean-growing areas, slowing down field work in the world's largest soy producer and potentially delaying planting of the country's second corn crop.
Palm marked its second year of growth in 2020 last week, as demand remained firm amid tightening supplies due to unfavourable weather and infrastructure issues.
The contract was primarily propped up by more expensive oils elsewhere. Dalian's most-active soyoil contract rose 1.2%, while its palm oil contract jumped 1%.