I am watching the export pace for corn. The updated supply-demand report increased corn exports to 3.4 billion bushels, but I think the USDA is still 25 to 50 million bushels too small for this year. I think the projected exports for the next marketing year (at just 3.275 billion bushels) may be 100 to 150 million bushels too small. I think the soybean ending stocks projections are realistic, but may prove to be conservative if China keeps buying and gets to 25 million metric tons yet this year.