The U-S-D-A has boosted it's U-S wheat ending stocks for 2016-17, lowered its estimates for corn and soybeans.
The projected wheat stocks have been raised by 21 million bushels to a level not seen in 29 years.
U-S corn ending stock projections are 145 million lower and soybean stocks 45 million bushels lower than last month's forecasts.
Globally, the USDA has also raised it's wheat projections and lowered it's forecast for corn and soybean ending stocks.
The global wheat number remains record large, while both corn and soybean world ending stock projections have been lowered by 1 point 9 million tons.
Those projections are all part of the USDA's latest World Agricultural Supply and Demand Estimates report.
