Analysts on CNBC were watching today's USDA reports closely, as corn prices jumped this morning. However, the soybean market is what everyone should be watching, said Pro Farmer editor Chip Flory, who appeared on the networks "Futures Now" segment this morning.

"If we don't get a big crop out of South America this year, watch this bean market and watch it darn close," Flory said.

Watch the full report and hear all of Flory's comments:

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