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The grain inventory remains positive with corn production racing against soybeans. With La Niña talks, planting delays could lead to less grain production.
The US dollar may be increasing in value however US wheat exports are falling.
Reduced global barley quantities is a result of wheat being the top priority export.
The October WASDE/Crop Production has come and passed and again offered a few changes by the USDA.
Hard Red Spring wheat's 41.04% stocks to use ratio helped push all spring wheat planted acreage lower to start the 2017 year.
USDA reports predicted an increase in wheat production that would boost supplies in the world market, putting the U.S. market under pressure.
All positives for the corn market and not so much for soybeans.
Given the extent of flooding and drown out across the key growing states; abandonment may be the first adjustment to be made by the USDA.
The USDA slashed US corn exports and yet found a way to increase soybean exports.
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