Europe applies tariffs, turning corn and beans lower overnight.

Grain trade dips post-WASDE as USDA delays expected corn adjustments amidst ongoing trade tensions. CPI data eases inflation fears, supporting stocks, metals, and energies; Brazil's dry spell persists

This morning’s grain trade is lower after yesterday’s WASDE report failed to lower corn carryout close to 1.5 Bil when many were expecting they would increase the grind by 25 Mil Bu and also boost exports. Instead, the USDA chose to kick the can down the road and wait to see if there is any file out from the current trade war implications.

Overnight the …