USDA leaves U.S. numbers mostly unchanged and tightened world wheat numbers slightly
Traders? initial reaction to USDA numbers put pressure on corn and beans but boosted wheat prices. As you can see from the tables below, U.S. carryover numbers were unchanged from last month.
World corn and bean carryover numbers were just slightly changed. World wheat carryover declined by 3 million tons.
South American crops were little changed. Brazilian bean production was increased by 1 million tons.
Source: USDA, Reuters, StoneX