In today's Heartland Market Talk, review US domestic prices not leading the way, being tugged higher by world crop values.

In this Heartland Market Talk report, we walk through elements that reflect buying is heavy from end users, with production fully known, scoring lows.

In today's Heartland Market Talk we review the action of the grain market which is acting friendly and confirming the October 13 lows for grains.

In today's heartland market talk we discussed all of the demand that we predicted would arrive after the bearish USDA crop report is acknowledged. The world is now realizing there is nothing negative in the next 60 days to help shove prices lower. Supplies are known, demand is a growing unknown.

Yesterday's washout uncovered massive demand for US wheat, corn and soybeans, with Friday's export inspection numbers also expected to be good. Today's ethanol data also showed a large 303 million bushels ground as ethanol is cheap compared to gasoline.

In today's Heartland Market Talk, we discussed Egypt reneging on a tender creating a selling spiral in the wheat market today, along with grain futures absorbing massive selling on the day, challenging major technical key support values.

A quick summary of what effect the USDA report had on the markets today.

The grain trade has a bearish expectation for soybeans tomorrow with the sharply lower action, as opposed to corn which thinks yields will be lower. Note that soybean range of guesses is only 1 bushel, creating for a very tense outcome tomorrow especially if yields fall out the bottom side.

In today's Heartland Market Talk, review the early excitement in the grain markets in the subsequent selloff that transpired after large gains were seen in the overnight session.

Soybean oil has been the new leader of the soybean complex, helping throw support to soybeans and allowing them to make a low at slightly anchoring this week. Next week's crop report is important, are going to talk about how China is back from holiday and probably back in a big way ready to buy.