Two months after Brazil’s Ministry of Agriculture asked the country to temporary lift restrictions, Brazil was approved to import genetically modified corn from the U.S.
Corn and soybeans close lower as dry weather forecast this weekend.
Corn and soybean futures declined amid renewed outlook for record crops.
Brazil farmers are optimistic with a good start to soybean planting and a positive weather forecast.
Wheat futures rose on unfavorable weather in Canada.
Grain and soybean futures were mixed as investors weigh weather against crop quality.
Corn and soybean futures rose on technical buying while wheat futures declined.
The trade will be eyeing how many corn, soybean stocks were on-hand Sept. 1
Soybean futures rose Thursday as demand remains strong.
The last period of falling capital expenditures spanned seven years.