Below is the USDA data regarding South American corn and soybean production. There’s already starting to be more talk inside the trade that next years estimates are too conservative. Thoughts from those with boots on the ground in various parts of South America, barring any unforeseen weather complications, acres are going to be higher next year than many have been penciling into their forecast. There was talk a while back that second crop corn in Brazil was not going to be as heavily planted in 2018, but I’m starting hear extremely differing opinions. I suspect at some point the headlines will again start talking about yet another record South American crop.