Setting the bar high on Corn Yield at 166 bushels. More likely to drop that number in future reports than to raise it without bumper weather going forward.
Early harvest to bump up Sep stocks to 851 which suprised the market higher. Ultimately will bring in extra demand if Corn price drops off this report but market likely to ignore these numbers for the most part.
Beans in line with expectations for a Bullish 2012/13 story.
Ultimately, 2012/13 will come back to Corn and whether China does to it what its done to Beans in high acre years. Absent big yields, we head into 2013/14 tight both.
