The Hightower Report said “The corn market is weak this morning after a late selloff following a neutral USDA report yesterday. USDA left the U.S. balance sheet unchanged and world ending stocks were slightly below guesses.” Amanda Brill at Total Farm Marketing said “In South America, the northern growing regions of Argentina have received too much rain that is making the corn harvest unfavorable, while central and southern Brazil remain dry. Temperatures are expected to be warm there over the next 6-10 days.” Canada’s energy minister stated that potential retaliatory tariffs on U.S. goods could hit ethanol in their second round of duties. The Hightower Report said, “Weekly ethanol production today is expected at 1.081 million barrels, down from 1.093 last week and stocks are expected at 27.168 million barrels down from 27.289 last week.”