Corn is cycling back lower as Brazilian grain supplies continue to undercut U.S. prices, adding pressure to the market. At the same time, dryness concerns in southern Argentina are beginning to surface. Weather could soon become a bigger driver for global wheat, especially as the market balances this year’s bumper crop against growing concerns for winter wheat conditions moving forward. Meanwhile, all eyes turn to the cattle complex, with the key question being where cash trade will land this week.
