The USDA raised U.S. wheat ending stocks while leaving corn and soybeans unchanged on the month.

U.S. wheat ending stocks are seen at 598 million bushels, up 16 million from November, but still well below last marketing year, with USDA lowering both the import and export outlooks.

There were no adjustments to the balance sheets for either corn or soybeans, holding at 1.493 billion and 340 million bushels, respectively, with the USDA’s final 2021 production totals out in January.

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