Today, the European Parliament voted on the resolution proposed by MEP Norbert Lins (EPP, DE) on the “End of Cage Age” initiative. More than the policy marketing that allowed this initiative to go ahead, the European Parliament's focus is on the problems that will arise in its implementation.
Corn and wheat futures declined for a second day, while soybeans were little changed, as investors and importers refrained from purchases before the release of U.S. estimates on global agricultural supply.