As expected USDA dropped US corn carryout but to only trade guess. CK is up 1 cent and near 5.80. High was 5.95.
USDA dropped US soybean residual and left US soybean carryout at 120. They raised Brazil soybean crop 2 mmt to 136. SK is down 7 cents and near 14.07.
USDA dropped World wheat stocks 5 mmt due to lower China. WK is up 8 cents and near 6.36. High was 6.46.
USDA failed gain to give bulls bullish news. Now we trade weather.
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