A DTN analyst says the USDA's latest WASDE report is neutral for domestic corn, wheat and soybeans.
Todd Hultman says the department increased it's estimate of U-S corn ending stocks while reducing how much wheat and soybeans it expects the U-S to have at the end of this crop year.
This week's WASDE report raised it's projected season-average U-S farm price range for all wheat by 10 cents on the low end to 6 dollars to 6.10 a bushel.
The department's projected range for the season-average U-S farm corn price has been narrowed by 5 cents on each end to 3.55 to 3.85 a bushel.
And it's lowered it's average U-S soybean price forecast by 10 cents at the midpoint to from 9.60 to 10.60 a bushel.
Hultman rates the USDA's global estimates as bearish for corn, neutral for soybeans and wheat.
The department has increased it's 2014-15 ending stocks estimates for corn and soybeans and lowered it's wheat ending stocks projection.
