The benign macro mix which supported farm commodities in the last session – reduced concerns about US debt and a falling
The dollar, at risk of hitting three-year lows, rebounded a smidgen, so making dollar-denominated assets less appealing to buyers in other currencies.
And the US fears were evident in a drop of 0.5% in Tokyo's Nikkei share index.
Risk assets needed a good story to drag themselves higher. And some, indeed, had one.
But not all farm commodities did.
There has been some debate about exactly when China, the top soybean importer, will need to return to buying to provide feed for its revived hog industry, and when a cap on vegetable oil prices which has depressed crushing margins will be lifted.
Chicago's November soybean contract added 0.4% to 13.88 ¾ a bushel as of 07:20 GMT (08:20 UK time).
With Oil World also foreseeing an uptick in Chinese purchases of
And in New York,
"In our view, the cotton market may rise further from here, supported by the probability of further crop downgrades in the US," Luke Mathews at Commonwealth Bank of Australia said.
Agriculture in Texas, America's top cotton-producing state, has been hurt by the worst drought since records began in 1895.
That said, Mr Mathews urged some caution: "Increased cotton production in other regions, most notably India, China and Pakistan, may offset the US production losses.
"Global physical cotton demand must also re-emerge for prices to push higher."
However, grains lacked fresh impetus, with the US weather concerns which have supported
"Rains are on track to hit the northern Corn Belt through to the weekend but Illinois, the most stressed of the major corn and soybean states, will mostly miss out on the heavy rain," Paul Deane at Australia & New Zealand Bank said.
"Net drying across the southern Corn Belt and northern Mississippi Delta could further worsen conditions."
Technically for corn, "the key for another leg up would be a close over $7.00 a bushel" for Chicago's December contract, Mike Mawdsley at Iowa-based broker Market 1 said.
"But for the moment weather does not look be as threatening."
The December lot eased 0.2% to $6.88 ¼ a bushel.
And with that,
"The tour has [North Dakota's] yields as slightly better than expected, but developing slower than average," Lynette Tan at Phillip Futures in Singapore said.
In Minneapolis, closer to the action, Brian Henry at Benson Quinn Commodities noted that "early reports show fields scouted on the southern route between Fargo and Mandan have the potential to yield nearly 50 bushels per acre".
However, latest reports have indicated some deterioration in that rosy scenario, helping Minneapolis hard red spring wheat stand steady at $8.39 a bushel.