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Canada loses first USMCA case on its dairy policy | EPA’s RFS confab

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.

EPA session on RFS plans on tap today | Mercedes electric car: 621 miles on single charge

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.

Individual state crop conditions ratings released on Monday showed major deterioration of the HRW wheat crop during December.

Soybean futures built on Monday’s gains overnight, while corn and wheat mildly rebounded from yesterday’s losses.