Corn came in at 1.377 billion bushels, that was 120 million bushels below the average trade guess and down 148 million bushels from the September crop report.

Soybeans at 274, 27 million bushels above the average trade guess and up 34 million bushels from the September crop report.

Wheat stocks in 1776 was 19 million bushels below the average trade guess and wheat stocks were considered bullish.

Corn, which is the final ending stocks, are estimated at 1497 that would be 28 million bushels below the September crop report.

Soybeans expected to come in at 247 bushels, that would be up 7 million bushels from the September crop report.

Wheat estimated to come in at 1795, that would be up 21 million bushels from last year’s September stock.

The trade is not expecting any major adjustments, therefore any large changes in USDA’s number could produce significant market moves.

Soybeans held steady at 55% good to excellent but that’s below last year and the trend line.

The trend line yield for U.S. soybeans is 52.5%.

52% good to excellent which is a poor rating compared to last year at 59%.

Clearly the crop condition rating is hinting at a U.S. crop well below trend, the trendline yield is 181 and USDA is projecting 172.5.