 Let's start with corn. The report increased corn production slightly to 15.1 billion bushels on the back of an increase in planted acreage by 1.5 million. This brings total acreage for corn up to 91.5 million acres. And while the production figure was higher than the average trade guess, the bearish impact was muted as officials also reduced this year's corn ending stocks by 150 million bushels. The agency did lower the expected farm gate price by 10 cents to $4.30 per bushel.