The USDA has updated it's 2015-16 season-average price forecast for wheat, corn and soybeans for American farmers.
The new prices are part of this week's World Agricultural Supply and Demand Estimates report.
The average wheat price is narrowed by 10 cents at both ends to between 4.90 and 5.10 a bushel.
The corn price range is 5 cents lower at from 3.30 to 3.90 a bushel.
And the updated soybean price is 10 cents lower at the midpoint, ranging from 8.05 to 9.55 a bushel.
The WASDE report included a 30 million bushel increase in expected U-S wheat ending stocks, a 17 million bushel increase in corn stocks and a 25 million bushel reduction in expected soybean stocks.
The USDA says those season ending corn stocks would still be the highest for the U-S since 2005-06.
Globally, the WASDE report bumps up wheat stock expectations by 2 point 2 million tons while reducing global corn stocks by 2 point 9 million and oilseed stocks by 4 point 2 million tons.
The department says the now expected 232 million tons of wheat would still be a record high volume.
