
The Department of Agriculture's monthly world supply and demand estimates came out yesterday.

The only real good news was in soybeans. USDA is forecasting a higher crust, and slightly lower ending stocks. That's what caused those prices to rally twenty cents yesterday, but the bad news was in corn and wheat.
Corn production is projected to be six percent higher than last year. 15.8 billion bushels, with a price at $4.20.
Wheat could also see increased supplies and higher stocks, with an average price of $5.30.
Here's today's Ag Minute: