U.S. corn exports deviation from historic patterns has implications for what exports will be in the rest of the marketing year. Analysis of unshipped corn sales, combined with the U.S.' current share of global exports, points to an interesting road ahead. Moreover, U.S. wheat, soybean, and soy product sales and exports are analyzed and relevant findings shown in graphical form. There have been several major reasons to be bearish about agricultural commodity prices this marketing year. The biggest reasons have been:

Big U.S. and world crop production and increasing ending supplies Big export competition for U.S. production that included Black Sea and Canadian wheat as well as a record South American soybean crop

However, a funny thi...