USDA trimmed both corn and soy acres from its March estimate, while stocks were slightly higher than expected for corn, soybeans and wheat.
Wheat inspections during the week ended June 26 rose 179,657 MT from the previous week, while corn and soybean inspections each declined.
Each notched weekly declines, though soybean sales were up notably from the four-week average, while corn sales dipped modestly.
Corn inspections led the decline for the week ended June 10, down 218,867 MT from the previous week, followed by wheat (208,660 MT) and soybeans (30,551 MT).
Soybean sales rose noticeably during the week ended June 12, surpassing pre-report estimates. Corn sales rose 14% from the previous week.
Corn inspections totaled 1.67 MMT during the week ended June 12, down slightly from the previous week but landed just short of the upper end of the pre-report range.
Minimal changes were made to wheat production. However, old- and new-crop corn and cotton ending stocks were trimmed from May.
Weekly soybean and wheat sales during the week ended June 5 each fell short of pre-report expectations, while corn declined 16% from the previous week.
Weekly corn and soybean inspections surpassed pre-report expectations for the week ended June 5.
Soybeans led the charge during the week ended May 29, rising 33% from the previous week while corn rose 3%. Meanwhile, new crop wheat sales continued to prove solid.

Hillari Mason