USDA raised US soybean carryout 15 mil bu due to lower crush. Market feels they are 45 mil too low in export.
USDA lowered US corn carryout 150 mil bu to 1,107 due to 75 higher ethanol and 75 higher exports. USDA could still be 200 mil bu too low in demand.
USDA dropped Brazil corn crop to 98.5. Some are below 90.
Now we trade weather with US Midwest 2 week forecast warmer and drier than normal.
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