Weakness in corn is driven by a sharp selloff in crude oil. December corn now trades under the 50-day moving average for the first time since September 23.
Conab estimates Brazilian corn production at 119.7 mmt versus the USDA at 127 mmt.
Corn shipments into Mexico will be temporarily delayed due to a train derailment at the US/Mexico border.
Soybeans continue to trade lower at midday on improving weather in South America.
NOPA crush is expected slightly above 170 mb in September compared to 165.5 mb last year and 158 mb in August.
Conab estimates Brazilian soybean production at 166 mt for the 24/25 crop.
The wheat complex is weaker at midday on a stronger dollar and chances of rainfall in the US Plains over the next 6-10 days.
Conab estimates Brazilian wheat production at 8.26 mmt which was unchanged from last month.
The French Ag Ministry estimates that wheat production is down 27.6% from last year at 25.4 mmt.
Grain Market Insider is provided by Stewart-Peterson Inc., a publishing company.
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