Pre-Report Rundown

(I forgot to include this last night)

Nov Report out at 11am central today.

Corn:

• The average pre-report yield estimate is unchanged from Oct, although the range of estimates is quite wide

• Fun fact - 5 of the last 7 Nov reports saw yield come in above the pre-report estimate

• Market will be watching EU corn import numbers (USDA is too low), China demand (USDA is too high), as well as any adjustm…