Corn acres slightly higher than trade expectations.
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.