- USDA raised US 2020 soybean crop 82 mil bu. At the same time, Sep 1 soybean stocks were 82 mil bu higher than expected. The report was bearish soybeans.
- USDA also estimated US Sep 1 corn stocks higher than expected which was also bearish to corn futures.
- USDS estimated US 2021 all wheat crop and Sep 1 wheat stocks lower than expected which was friendly to prices.
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