Corn futures rebound from limit down after surprise WASDE yield increase.

Oliver Sloup of Blue Line Futures breaks down the latest WASDE report and its impact on Grain markets. Corn futures initially tested limit down after the USDA showed U.S. corn yield jumping to 181.2 bushels per acre, driving ending stocks higher than analysts anticipated. Sloup analyzes how the market battled back from the lows and what the 20.5-cent drop means for the technical picture. He also highlights a positive close for Soybean futures despite a surprising yield increase to 53.1 bushels per acre, and breaks down the latest inventory numbers pushing Chicago Wheat futures lower on the session.