While still negotiating with Canada and the US, Mexico scored a separate victory over the weekend with a deal in principle to update a 17-year-old free-trade agreement with the European Union.
Corn futures are called 1 cent lower amid profit-taking. Corn futures favored a weaker tone overnight after futures posted a low-range close yesterday.
The U.S. Agriculture Department raised its already-record outlook for the U.S. soybean harvest on Wednesday as the crop benefited from timely rains throughout August.