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Estimated corn plantings raised more than expected to 89.92 million ac., all wheat acres also above expectations.

Pigs kept for breeding down slightly less than analysts expected.

June 1 inventories up 1.2% from year-earlier, lower than projected.

U.S. soybean stockpiles seen lower than expected at end of 2022-23.

USDA also expects a drop in 2022-23 global wheat production and supplies.

The USDA increased U.S. and global wheat and corn carryout numbers above pre-report estimates. Meanwhile, U.S. and global cotton and soybean carryout numbers were under pre-report estimates.

Your editors highlight the main takeaways from today's WASDE and Crop Production Reports.

Your editors break down USDA's September Small Grains Summary and Quarterly Grain Stocks Reports — data that has a history of sparking some big market moves.