Today’s lackadaisical futures trade seemed to reflect pre-report expectations, namely that USDA’s corn numbers may be bearish, the soybean numbers may be bullish and the wheat numbers might be mixed. General Comments Our sense is that all the pre-release guesswork ahead of Thursday’s array of USDA reports has not produced large differences in opinion. Most analysts seem to be leaning in similar directions on corn and soy production, quarterly stocks, winter wheat seeding and supply/demand changes. Pre-report differences appear to be matters of degree instead. This is worth noting because there is a history of surprises coming from USDA’s January reports that have led to a history of market volatility immediately following their release. W...