Corn inches higher following lower Brazil corn estimate: Podcast

Soybean markets lower again as cool weather favors that crop.

Corn futures were a little higher near midday Thursday following reports that officials in Brazil lowered estimates for the country’s corn crop, which is being harvested now. Soybean markets were lower as rain this week and mild temperatures through the weekend should aid crop development in the Midwest. Wheat futures were a little lower as the winter wheat harvest continues.