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Federal Reserve Bank of Chicago cites survey results from ag bankers.

Fed chair Powell: ‘We’re trying to make a judgment at this point whether we need to do more’

Corn and soybeans saw modest losses overnight following volatile trade on Thursday following the updated USDA reports, while wheat went into the break on session highs, modestly higher

Corn, soybeans and wheat tried to work higher early in the overnight session, but buyer interest was limited and light pressure ensued.

Corn, soybeans, wheat and cattle each saw extensive selling throughout the session. Cotton rose on corrective buying and hogs continue to show relative strength on strong cash fundamentals.

USDA raised its corn, soybean and cotton crop estimates, pushing up projected ending stocks. Wheat ending stocks also increased.

USDA increased corn yield to 174.9 bu. per acre, bringing production to 15.234 billion bu. Meanwhile, soybean yield was pegged at 49.9 bu., up 0.3 bu. from last month.