Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 1/8/18

On January 12, the USDA will release a flood of reports that will provide some clarifying information for corn and soybean markets in the 2017-18 marketing year. At present, the pace of soybean and corn exports carry concerns for consumption and ending stock levels in the 2017-18 marketing year. Soybean and corn exports continue to lag last year and the historical pace. Downward revisions in USDA estimates for exports in both commodities should be expected with the release of the next WASDE report.

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