USDA September Grain Forecast Bullish

From Arlan Suderman at farmfutures.com:

After drifting in a sea of bearish news this summer, the grain market may finally be ready for a change in the tides. USDA slashed its estimate of 2008 corn production more than expected this morning, which should help prices move higher today.

Are we seeing the tides shift again toward higher grain prices? The USDA report this morning certainly seems bullish.