Yesterday’s USDA crop report showed corn production well below the average trade guess. In fact, a record amount of production below what the trade was expecting. In fact, yesterday’s miss of nearly 300 mb vs the average trade guess is over 100 mb larger than any previous errors based on trade expectations over the past 30 years. This is the type of production loss that the U.S. markets can’t afford and that is why corn prices are limit up yesterday and we saw some additional follow through to the upside today.