February 8, 2010 - The markets moved higher, but closed well off the highs for the day, as corn finished 4 cents higher and beans were 11-16 cents higher. Bean prices were well supported by market expectations that USDA will significantly tighten the 2009/10 carry out projection in tomorrow morning's February Supply/Demand Report. The January carry out was 245 million bushels and the market sees the possibilty USDA will tighten that up to something closer to 200 million bushels. Corn prices followed bean prices higher, as market expectations for tomorrow's report is that ethanol usage maybe higher, but corn exports may come in lower. The net effect being little change in the corn carry out number. The Weekly Export inspections were 27 million bushels on corn compared to 30 million last year, while beans were 39 million bushels vs. 48 million last year. For the year corn is 2% ahead of last year and beans 37% ahead.