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.