The corn market seems to be bouncing back after multiple failed rally attempts last year.
With developments in agriculture, transportation and storage, several food staples are bound to change, drawing a setback in the US corn production.
The October WASDE/Crop Production has come and passed and again offered a few changes by the USDA.
Heading into the WASDE for October 2017, the corn ending stocks are approximal at about 2.289 billion bushels.
The Robusta market is relatively strong compared to Arabica.
FCOJ closed lower last week, but still, could be trying to find a short term bottom.
US wheat prices will probably move to the higher end of the world price range.
China is importing significantly less sugar so far this year.
Taking a look at the “what if” of 2017, one bright aspect is that it is getting harder to build an argument for growing ending stocks.
Is there a great enough incentive for a repeat of more acres like last year?