stay with us, mike florez and joe vaclavik join me next for this week's round table discussion. you're watching u.s. farm report with host tyne morgan, commentator john phipps, agribusiness director al pell and meteorologist mike hoffman. u.s. farm report. trted. florez of florez trading and joe vaclavik with standard grain. gentlemen, let's talk about that report that came out from usda this week, and we'll start with you, joe. what was y yr very, very few changes. the domestic corn balance sheet just saw some numbers moved around. they upped their ethanol projection, they reduced their exports by just a little bit. soybeans and wheat they left the domestic balance sheets totally unchanged, so all in a a not a market movov and not really a surprise to anybody. >> do you agree with him there, mike? >> i do. there really wasn't much to talk about. the markets didn't really have much a reaction to it either, so it's we've been going sideways for a while in grains, and i think we're probably going to kind of stay in that range for a while until probably end of the winter. >> yeah. n

mike florez, florez aclavik, standardgrain. let's start by talking about the macro economy, mike,and what you see as like the drivers around the world reallydriving all of these markets. i'm guessing oil has to be oneof them. >> oh, yeah. oil's going to zero it looks like.saudi, i don't know understand their policy of overproducinglike this to try and drive america's out of business. idon't know that much about oil, but if those wells are closed,can't they reopen them if prices go back up again? >> you wouldthink. >> so i don't understand the strategy, but anyway that'swhat they want to do, so that's keeping -- obviously is going alot lower and putting pressure on a lot of different markets.>> yeah, what do you think, joe, next week it is assumed that thefed is going to hike rates for the first time in a number ofyears. it's in all likelihood not going to be a big rateincrease, but it's going to be a game changer in that we haven'tseen a rate hike in a long time. interest rates, the fed fundrate has been essentially next to zero