Grant Shimek with Black Oak Financial talks with Chris about last Friday’s surprise USDA report and the implications it could have in the weeks and months ahead.

They go on to discuss the following topics:

1. US weather/drought.

2. Weather in China’s key corn growing areas.

3. What factors might impact demand - good and bad.

4. Price ranges to watch from a technical perspective.

5.The Funds and the possible direction of money flow.

6. The importance of separating board price from basis.