What Should We Look for in USDA's October Supply and Demand Reports?

• Historically, USDA's October round of monthly supply and demand guesses were largely overlooked by an industry more interested in the ongoing harvest.
• Things changed in 2005 with the passage of the US Energy Policy Act and subsequent increase in position limits in agricultural commodities, including King Corn.
• Since 2005, USDA's October reports have shown wild revisions to acres planted the previous spring, with the expect market Chaos following close behind.