Corn demand here in the U.S. continues to remain robust. The USDA yesterday announced another corn sale to an “unknown” destination. Total corn inspections seem to be running well ahead of what the USDA currently has forecast. But the bears argue the strength of the U.S. dollar and probability of South America seeing a massive rebound in 2017 corn production makes it difficult to wildly increase export estimates. Ethanol demand certainly remains strong and warrants upward consideration. As usual, I suspect feed and residual demand will be the “wild-card”.

See the rest of my thoughts on the upcoming USDA report by signing up for a free 30-day trial.