Thursday's World Agriculture Supply and Demand Export report found U.S. corn ending stocks were down while soybean and wheat ending stocks were up. He also watches world ending stocks and size of crops in Argentina and Brazil. 

May soybean futures were down 24 cents today. Wheat prices were down double digits too.

Export sales were reported on three days this week, with unknown destinations, China and Japan taking corn or soybeans.

The footprint of the U.S. drought is shrinking and has been for the past four to five weeks.