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Chicago wheat futures hit a two-month low on Tuesday, pressured by improving U.S. winter wheat crop ratings, strong export competition and rising estimates of Australia’s harvest, analysts said.

January soybeans were up 6 cents at $11.75-3/4 a bushel after peaking earlier at $11.89-3/4, the highest for a most-active contract since June 13, 2016.

The drastic shift in prices from planting to harvest likely has farmers thinking a little differently about next year’s strategy than perhaps they expected.

January’s Crop Production and Stocks reports from USDA raised a number of questions about big shifts in production projections. NASS Crops Chief Lance Honig addressed those questions on AgriTalk.

USDA’s June Grain Stocks report shows 2.12 billion bushels of corn are currently being stored on farm, up 22% from a year ago. On-farm soybean storage is up 51%.

But for FY 2017, the ag trade surplus is up notably from year-ago.

Keystone XL Pipeline Gets Enough Shipper Pledges to Proceed

U.S. Solar Has a $1.5 Billion, Long-Shot Plan to End a Trade War

While China grapples with choosing which production lines to reopen, the food shortage conversation looks to ramp up.

Farmers of Uruguay feed an estimated 40 million people in other countries. They can’t do it without state-of-the-art ports, a necessary link in international supply chains.