Tightening stocks, rain delays are factors in increase.

Ethiopian consumers’ incomes have grown, increasing the demand for wheat-based products.

Minor changes in U.S. grain forecasts in WASDE report.

Increased forecast due to lower production cost and better profitability for corn.

Wheat area in 2017 forecast lowest in nearly 100 years.

USDA forecasts 2016-17 U.S. soybean exports at 2.050 billion bushels.

Crop forecast at 15.226 billion bushels.

The QR is an import quota that was extended once before in 2006.

Lower DDGS imports may encourage feed mills to use more soybean meal.

New biodiesel mandate increases soybean crush forecast.