Bullish for corn and soybeans, bearish for wheat.
That's how DTN Analyst Todd Hultman reads Friday's USDA World Agricultural Supply and Demand Estimates report.
The department has global wheat ending stocks for 2015-16 at 226 point 6 million tons.
That's up just over 5 million from the August estimate and would be a record high for global wheat ending stocks.
The USDA says global 2015-16 corn ending stocks will be 189 point 7 million tons - 5 point 4 million tons lower than it forecast last month.
That would also be 7 point 5 million tons lower than the 2014-15 ending stocks.
And the WASDE report estimates global ending soybean stocks will be 85 million tons - down almost 2 million, thanks to what the department now expects to be lower soybean stocks in Canada, Argentina, Brazil, Ukraine and the U-S.
