Good Afternoon,


Corn down and beans up as we trade mid day. Beans getting a nice shot in the arm from Brazil’s CONAB dropping their production from 149.4 mln MT to 146.8 mln MT. CONAB also dropped their corn production as well down 1.8 mln MT the market was expecting that number to increase by 2.2 mln MT. Comparing these numbers to the USDA corn 9% lower and and beans 5% lower. Cash beans were as much as 16 to 11.65 cash. Corn followed a long for a bit and  got up 3 to 4.16. Both have since fallen off highs.