WASDE Thursday opened with nothing exports early, Brazil finding more beans in last years production, and a bigger record crop in soy this year, but all trumped by the WASDE report net reducing carry over to 210 from 220 in the soy. Digging into the numbers, it looks like for both soy and corn the Kansas USDA guy cant count, or just learned how to on this report. An outsized Missouri reduction as well. I believe time will find part of those beans back as the government systems probably aren't set up fort the atypical shipments of soy to the pacific northwest when the river was low. Time will tell, but we have to work with the numbers in front of us for now. Beans up 25 1/4 to 1518 1/2. Corn loses 1.6 million acres (another lack of math capacity that cant be reconciled until January) but gains some yield, net a bullish story and we gain 15 cents, 671. Wheat up 2 3/4 to 742 3/4 in sympathy. Rice got the most bullish report as we are finally accounting for what was a stupid low domestic usage number at the same time realizing that the crop wasn't anything to write home about. 1805 1/2, plus 28 1/2. Dow up 209 to 34,319 in a probing upside churn trade and bonds gain a point and 18 tics in a solid showing, 130.21.
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