Corn is leaning higher at midday after March corn reached 6-month highs on Tuesday.
Expanding dry conditions throughout Argentina and Southern Brazil could help keep support on breaks.
Emater estimates that corn plantings in Rio Grande do Sul have reached 95%.
Soybeans are trading higher at midday after a strong close to end 2024 on Tuesday.
Indonesia has not yet finalized their regulations for the implementation of B40 blend biodiesel but is aiming to have this completed this week.
NASS Crush will be released this afternoon with average trade guesses for crush around 206-208.1 mb, which would be about 4% higher from a year ago.
All three wheat classes are trading lower at midday on a higher US dollar and added precipitation across the Plains states in the next 6-10 days.
Mexico announced they will temporarily remove their wheat import tariff to rebuild stocks and lower domestic prices.
EU wheat prices hit 6-month highs overnight, which could offer some support under the market.
Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.
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