Grain prices are rising, and the market expects the forecast for world agricultural supply and demand expectations to be lowered.

Grain futures on the Chicago Mercantile Exchange rose in pre-market trading, with today's release of the "World Agricultural Supply and Demand Estimates" report by the U.S. Department of Agriculture becoming the focus of the market. Traders surveyed by The Wall Street Journal predicted a decrease in yields for corn and soybeans, but expected these numbers to still reach record highs. However, a report by the Netherlands International Group's Economic Department stated that today's report may show an increase in demand, leading to a decrease in end-of-season stocks. The most actively traded corn futures rose by 0.3%, soybean futures rose by 0.5%, and wheat futures rose by 1.4%.