Grain and soy markets are well into the waiting game for Friday’s USDA reports, and this shows up in the form of light volume and limited price action that was apparent again during overnight trade. However, a few trends persist. Grain prices continue to gain against soybeans, and soyoil continues to gain against soymeal. The grain versus soybean trend seems to assume another large South American soybean crop. This would likely be vulnerable if perceptions of weather-reduced soybean production develop. The soyoil versus soymeal trend reflects the expected larger draw on U.S. soyoil supplies as domestic biodiesel production expands to replace imports in meeting Renewable Fuel Standard (RFS) requirements. While more stand-alone, that so...