Country of origin and financing not perceived to be as critical when buying.

If realized, corn production would be the third largest on record and yield would be the second highest on record.

Wheat is expected to be a record high but corn to fall 28%.

Discussions centered on Japan’s new good manufacturing practice guidelines.

70% of acres now rated in good or excellent condition.

78% of corn is in the silking stage.

55% of corn crops are in the silking stage.

Crop silking trails the five-year average.

The forecast was near the average trade expectation.

Production forecast of 718.93 million tonnes is second highest on record.