November WASDE report, released yesterday afternoon, showed the following: U.S. corn production forecast came in at a record 15.23bil bu vs expected 15.04bil bu whilst the U.S. corn yield also increased to 175.3bu/acre vs expected 173.2. This leaves U.S. corn ending stocks at 2.403bil bu vs exp 2.3bil bu. The DEC16CORN (ZCZ2016) contract , traded in Chicago, slid sharply lower falling below support at $3.46 and onto to next support at $3.41 to make new monthly lows as shown in the graph below