Friday's quarterly USDA Grain Stocks report showed smaller-than-expected corn and wheat supplies and larger-than-expected soybean stocks (though some called the current usage of those smaller stocks "unsustainable). Those numbers fueled higher markets across the board Friday (corn ended the day locked limit-up), with some brokers seeing the corn figure establishing an "intermediate bottom" under corn prices and ushering in higher prices at least for the next few weeks.

See a wrap-up of Friday's report and some of the discussion it's spawned, especially in terms of its influence to the grain markets in view of a small U.S. corn and soybean crop that many farmers see as only getting smaller.