Here is the link for anyone who wants to look at todays USDA report in more detail. First survey based yield estimates corn and soybeans.
http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194
Slightly bullish soybeans/oilseeds.
Neutral corn/feedgrains - forecast increase in US corn production offset by larger disappearance.
Expected but negative wheat. Northern hemisphere winter wheat mostly in the bin so not much room for surprises here.
Others thoughts.
http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1194
Slightly bullish soybeans/oilseeds.
Neutral corn/feedgrains - forecast increase in US corn production offset by larger disappearance.
Expected but negative wheat. Northern hemisphere winter wheat mostly in the bin so not much room for surprises here.
Others thoughts.
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