-USDA lowered US corn carryout due to higher ethanol use. CH is up 2 cents
-USDA raised US soybean and wheat carryout due to lower exports. SH is down 3 cents, WH is down 1 cent
-USDA left Brazil and Argentina corn and soybean crop est unchanged.
-USDA raised World wheat end stocks due to a higher Canada crop est.
December U.S. Carryout (million bushels) 2017-18
USDA Average Range USDA Nov. USDA 2016
Corn 2,437 2,477 2,363-2,519 2,487 2,295
Soybeans 445 445 425-491 425 301
Wheat 960 941 925-987 935 1,181
December World Stockpiles (million metric tons) 2017-18
USDA Average Range USDA Nov
Corn 204.1 202.7 195.7-205.0 203.9
Soybeans 98.3 97.8 95.2-99.0 97.9
Wheat 268.4 266.3 264.0-269.0 267.5