Corn: Corn lower on continued spillover weakness from wheat and soybeans. Warmer temps next week are encouraging for farmers to begin to get back in the fields. Southern Brazil remaining dry into next week. Their 2nd crop corn is in need of moisture.
Soybeans: Continued concerns of U.S. exports to China weighing on values this morning. Argentina soybean harvest pegged at 39.6% vs. 16.3% last year. Ag Ministry estimating Argentine soybean crop at 37.6 mmt vs. USDA’s 40.0 mmt.