Meanwhile, the U.S. harvest continues, despite soggy conditions across much of the grain belt this week.
--Fifty-five percent of an expected 11.6-billion bushel corn crop has been harvested, slightly behind the average pace. Progress has been slow in places like Iowa, Nebraska and Minnesota -- three major corn-producing states where less than half of the crop has been gleaned.
--Eighty percent of a predicted 3.1-billion bushel soybean crop has been harvested, which is right on pace with the five-year average.
--And, 44 percent of the estimated 21.5-million bale cotton crop has been picked. That's a little bit behind schedule.
Where farmers store the bountiful crops is another matter. There have been widespread reports of crops being stored on the ground ... and transportation delays as the nation's grain delivery system struggles to meet demand.