For once, the day provided some decent footholds for agricultural commodity bulls to try to build a rally on.
The dollar declined, falling 0.4% against a basket of currencies, and even more against the yen, amid a Bank of Japan meeting.
A weaker dollar boosts prices of dollar-denominated commodities by making them more affordable to buyers in other currencies.
Equity markets fell too, a boost for those who believe that strength in shares has been pulling cash away from agricultural commodities.
Only on Tuesday, RJ O'Brien said that "we sense investors are quietly exiting the ag space as well as CRB in general", the CRB being a reference to a commodities index, which actually edged 0.1% higher on the day.
Double boost from Brazil
And there was some positive commodity-specific news too, for example in arabica coffee.
Not only are Brazilian roasters, for the first time in a decade, boosting the proportion of arabica beans in their blends as opposed to robusta, a reflection of a waning price premium, as Agrimoney.com reported.
Brazil's government provided a second boost to coffee bulls by unveiling plans to buy up to 3m bags of coffee at 343 reais a bag - equivalent to about $149 a bag, or some 112 cents a pound - under an options plan.
The options, to mature in March 2013, will be auctioned to producers and co-operatives.
The move cheered a market which had been disappointed at failure on Monday, when the government cancelled a press conference on coffee, to reveal support plans, stoking ideas of (more) public protest in Brazil.
Arabica coffee for September closed up 2.8% at 121.05 cents a pound in New York.
(While the coffee options are priced below futures at current exchange rates, they are above a price of 285.53 reais a bag on Brazil's cash market, according to data from Cepea researchers.)
Still, even arabica's gains paled against those of cocoa, which jumped 2.9% to $2,442 a tonne in New York for September delivery, the best close for a spot contract in 2013.
Supply concerns fuelled the increase, with talk that deliveries to ports in Ivory Coast, the top producing country, have tailed off, besides the longstanding concerns over dryness in the country cutting yields.
Furthermore, Ivory Coast's sector regulator was rumoured to have sold some 1m tonnes of beans ahead for 2013-14 already, far more than had been thought, and meaning less cocoa selling pressure than expected to come.
However, grains and soybeans failed to follow the lead of softs, despite boasting some of their own positive snippets too.
For one, the US weather outlook turned less benign.
"The midday run of the GFS weather model is drier in the north compared to the morning run," Darrell Holaday at Country Futures said.
"The morning run had pushed some significant moisture in the next two days into western Iowa. The midday run reduced that amount substantially."
WxRisk.com said that for the next five days there will be substantial rain south of I70, which runs through southern Iowa and mid-Illinois and mid-Indiana "with some areas getting as much as 4 or 5 inches".
But north of I-70, "it looks dry and in some places looks very dry".
'Basis has jumped'
There was some decent demand news too, with China buying 200,000 tonnes of US soybeans, for 2013-14 delivery.
For corn, US ethanol production data showed the increase in four weeks, by 21,000 barrels a day to 853,000 barrels a day.
Indeed, Paul Georgy at Allendale noted that "basis for cash corn has jumped at ethanol plants in some locations.
"Movement of grain by farmers has been limited due to the price break that has occurred over the past few weeks.
"Processors in the central Corn Belt have raised bean bids but are seeing very little selling."
'We could be in for a bounce'
Mr Georgy added that technically, there were alarm bells ringing over the degree of selling.
"It is starting to feel like we could be in for a bounce simply because everyone is in the same camp and it is so obvious to be selling" he said.
"The technical indicators are showing oversold. A suggestion to those piling on the short side at these levels - make sure to use risk protection."
And there is one nagging suggestion around as to what might spark a rush to cover short positions – that being an early frost.
Broker US Commodities flagged the talk that "late-sown corn in the US is at risk of frost damage in the northern and north western Corn Belt because of delayed development.
"Should initial frosts occur two weeks earlier than normal on September 15, yield loss could be significant," potentially cutting the national average below 150 bushels an acre.
'No end-user buying'
However, with yield estimates for now trending upwards - with Goldman Sachs getting near the top of the range with a 161-bushels-per-acre forecast as it cut corn, and soybean, price forecasts – investors were reluctant to press anything but the "sell" button.
Country Futures' Darrell Holaday said: "Rallies are prompted by short-covering, with no committed end-users grabbing the long side of these markets. Rallies tend to find a lot of selling."
Crop tours by the likes of MDA are doing little to allay ideas of a huge US corn crop, frost willing.
Corn for December closed lower, albeit by a modest 0.2% to $4.58 ½ a bushel, and failing for the first time in five sessions to set a multi-year low during in intraday trading.
Soybeans for November did set a fresh 14-month low, of $11.62 ½ a bushel, but also managed to limit losses by the close, ending down 0.1% at $11.65 ¾ a bushel.
Wheat, however, having set its own 14-month low in Chicago on a spot contract basis, remained out of favour, as all the talk of global demand raised the question of why US supplies were not winning more orders.
"Wheat is being pressured by continued world trade values that are significantly below US values," Mr Holaday said.
While Census Bureau data on Tuesday showed US wheat exports hitting $934m in June, "there is little optimism regarding four quarter sales".
'Prices may need to decline'
Victories by Black Sea origin in Tuesday's Egyptian wheat tender, and by Australian and Canadian grain in an Iraqi order revealed earlier on Wednesday, "indicate US prices may need to decline to be competitive in Middle East market", US Commodities said.
Furthermore, on the supply side, ideas of the French harvest, the European Union's biggest, continue to recover, with Agritel reporting that "wheat yields are more satisfactory than expected in the north Seine" with quality meeting specifications too.
Wheat for September closed down 1.1% at $6.43 ½ a bushel in Chicago, while the Paris November contract shed 0.5% to E183.25 a tonne, the weakest finish for a spot contract in 19 months.