Farmers added 48.5 million bushels of Corn during the week ended 11/16/15 bringing the total amount under loan to 221.9 million bushels.

( http://www.fsa.usda.gov/Internet/FSA_EPAS_Reports/ln111615.pdf )

That's a pretty healthy jump in placements into the 9 month loan program.  At this pace we could have half the projected carryout tied up in the loan program in a couple of weeks.

As basis continues to strengthen.. some expect commercials to stop deliveries in order to gain inventory.

Farmers also added 6.9 myn bushels of Soybeans during the week bringing the total to 55.5 myn bushels.

There's 49 myn bushels of wheat under loan.

hmmm...