Market Report: USDA Report Released This Morning at 11

The USDA will release the February Supply Demand Report at 11 a.m. today. Typically, few major changes are made in this report, but there always is potential for a surprise. The average trade estimate for corn carryover is 1.886 billion bushels, a 1 percent increase from the January report. On beans, the trade guess for carryover is 394 million bushels compared to the January estimate of 410 million. South American production will be watched closely by traders. Will the USDA cut South American production because it has been a little dry?