The October USDA Supply/Demand report was out this morning and has the grain markets significantly higher as of 8:00 am.

Corn:  Lowered yield to by 0.8 bu/A, lowered exports by 100 million bu.  This combined with a smaller carry-in number dropped projected Sept 1 ending stocks by 114 million, now at 619 million bushels.

Beans:  Mostly a neutral report for beans.  Increased harvested acres and yield as well as increased domestic crush and exports to match the larger production number.  When all said and done Sept 1 ending stocks projected up by 15 million, now at 130 million bushels.