US officials cut Brazil corn hopes - and warn of further downgrades  (From Agrimoney's site)
Brazil's corn imports will soar five-fold to a 16-year high, thanks to the supply squeeze prompted by a disappointing safrinha crop, US officials said, cutting their harvest forecast and flagging "great challenges" for livestock farmers.
Brazil, better known as the second-ranked corn exporter, will see its imports swell from 330,000 tonnes last season to 1.5m tonnes in 2015-16, the US Department of Agriculture's Brasilia bureau said, the kind of volumes more typically bought by the likes of Egypt, Israel or Turkey.
Imports at that level would be the biggest since 1999-2000, besides being ahead of the 1.1m tonnes that the USDA has officially forecast, and the 1.0m tonnes expected by Conab, Brazil's own crop bureau.
The raised estimate reflected a weaker forecast for Brazilian corn production, which the bureau pegged at 75.0m tonnes, below the USDA's official 77.5m-tonne figure, and the 76.2m tonnes expected by Conab.

First the French, German and Argentinians take a big hit on their Wheat crop.  Then the Chinese soft wheat crop estimates drop to as high as a 30% loss.  
See my video here.

Now the Brazilians, reeling from weak sugar and Coffee harvests are dealing with their corn crops.  They will swing from a net exporter to a net importer this year, and to make matters worse they will have a livestock deficit, as well.

This is La Nina, and it is just getting started.

CORN is cheap here, and it is not going to get any cheaper.  Bottom is already in.  The risk/reward is spectacular.  We have many other great set ups.  We are already over 100% for the year, and the second half will prove to be most profitable.
Join us at   www.tradegenius.co
Enjoy the chart.