By metmike - July 12, 2018, 12:42 p.m.      

https://www.marketforum.com/forum/topic/7471/

USDA report was extremely bearish beans but bullish corn and especially next years wheat.

For beans:

They raised next years ending stocks in the US from 385 million on the last estimate to 580 million. Wow!

World ending stocks went from 87.02 all the way up to 98.27 Wow!

Corn ending stocks in the US for next year drop to 1.552, just a tad less than the previous estimate. World ending stocks are also less than the previous forecast for next year 154.69 down to 151.96.

Wheat ending stocks for next year drop from the previous forecast of 266 down to 260

Might we see beans with a 7 handle?  That would be something.