Yesterday's crop report showed 125 mln less corn carryover and reduced bean carryout by 10 mln bushels. After an initial rally, the market just did not have enough bullish news to continue the strong rally, Reuters today had an article about China that is a must read. Chinese companies have 10-12 cargos that cannot be paid for and are left afloat. The Chinese economy is slowing and commodity, technology and software companies are at risk of financial collapse.
