The USDA has raised it's global ending stocks for 2015-16 for corn and cut expectations for wheat and soybeans.
The department's 15-16 ending wheat stocks forecast has been cut 0 point 9 million tons from last month.
That's still the largest global wheat ending stocks number since 2009-10.
Global corn ending stocks are now expected to be 3 point 3 million tons higher than last month's projections, based mostly on higher stocks expected for Brazil.
And the department has reduced it's global soybean ending stocks expectations by 3 million tons from last month.
DTN Senior Analyst Darin Newsom says those numbers could be viewed as bearish for corn, bullish for soybeans and neutral to bullish for wheat.
