The corn side of the domestic October balance sheets came out mostly as expected. Corn yield was left nearly unchanged at 178.4 bushels per acre, but we did see a decrease in harvested acres of 1 million from September. 

This is expected to give the U.S. a corn crop of 14.72 billion bushels, compared to the 14.9 billion bushels from the September report. Usage adjustments decreased corn demand by 100 million bushels to give us a new carryout estimate of 2.167 billion bushels, down from the previous...