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Grain prices tumbled after the USDA issued a report predicting rising grain stocks despite serious flooding in the midwestern United States this summer.  According to Marketwatch:

Corn production is forecasted at 12.2 billion bushels this year, up 1% from last month but 7% below 2007, the U.S. Department of Agriculture reported Friday.

Based on conditions as of Oct. 1, yields are expected to average 154 bushels per acre, up 1.7 bushels from September and 2.9 bushels above last year, the USDA said. If realized, this will be the second highest yield on record, behind 2004, and production will be the second largest, behind last year...

Soybean production is forecast at 2.98 billion bushels, up 2% from the September forecast and up 11% from last year, the USDA reported. If realized, this will be the fourth largest production on record.
Based on Oct. 1 conditions, yields are expected to average 39.5 bushels per acre, down 0.5 bushel from last month and down 2.2 bushels from 2007