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We expect price pressure seen in corn, soybeans and winter wheat to carry over to the start of daytime trade.
Corn and soybean futures extended Tuesday’s declines during overnight trade, while wheat futures traded narrowly mixed.
Latest Mexican decree still bars GMO corn for food as of 2024, to transition away from GMO corn in animal feed
Corn and wheat futures are expected to be mildly firmer, while soybeans are called slightly weaker. But we anticipate two-sided, directionless price action.
Two-sided trade was seen in the grain and soy markets overnight, with corn and wheat mildly firmer and soybeans weaker early this morning.