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$4 gas in U.S. by Memorial Day 2022? | Biden trade policy: Whatever union workers want

Corn, soybean and wheat futures are trading near session lows this morning as markets extend Tuesday’s weaker (and low-range) closes.

A slow weakening of the La Nina weather pattern is expected in January, but its influence on South American weather will likely continue without much change into at least mid-January.

Soybean basis slipped again, but remains well above the three-year average.

Corn futures retreat from 6 1/2-month high as profit-taking weighs on grain markets, soybeans and wheat also lower.

Soybeans seen lower after rising to five-month high overnight, corn and wheat also lower.

CDC halves recommended isolation time for people with asymptomatic infections to 5 days

March soybean futures reached the highest level overnight since mid-July, as the strong rally was extended.

Corn jumps to six-month high, soybeans at five-month high as dryness stresses South American crops; wheat ends lower.