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Wheat futures erased most or all of Tuesday’s gains overnight, while corn and soybeans mildly favored the downside.
South American dryness pushes soybean futures near seven-month high, corn also rallies, wheat stronger.
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Soybean futures expected to extend gains as South America dryness hurts yield prospects, corn and wheat also higher.
South American weather remains volatile, wheat crop conditions deteriorated in December and the White House will tighten labeling standards...
Too much heat and dryness across southern Brazil and northeastern Argentina, along with too much rain in some areas of central and northeastern Brazil continues to curb South American crop production prospects.