Corn futures are showing weaker trade so far on Wednesday’s midday, with losses of as much as 2 cents. The CmdtyView national average new crop Cash Corn price is down a penny at $3.75 3/4.
Japan and the US agreed to a trade deal that was announced late on Tuesday. Tariffs will be set at 15% starting August 1. It also expects to boost rice imports by Japan, with Japan buying $8 billion in ag goods. For reference, ag and related exports to Japan have historically ranged from $12 to 16 billion annually.
