USDA leaves U.S. #corn balance sheets alone but old-crop #soybeans went up a bit (close to expectations). New-crop #wheat stocks fell slightly instead of the small bump that was expected.
Conab increases #Brazil's total #corn crop by 2.5 mmt from May on a bigger second crop, which also raised the export outlook. However, Conab stood firm on #soybeans, trimming the crop slightly from May. As a reminder, USDA on Wed put Brazil corn & soy at 122 & 153 mmt.
