Grains:
– Corn production expected to be 15.124 billion bushels, up from the June estimates of 15.10bbu
– Change this line to read: – Soybean production is expected to be 4.472 billion bushels, up from the June estimates of 4.435bbu
– Soybean yield forecast at 53.9 bushels per acre, up 1.9 from July
– Soybean ending stocks expected to be around 467 million bushels
– Wheat production in the EU lowered by 6 million metric tons to 116.5 million metric tons

-On Wednesday, it said that Managed funds sold 3,000 wheat, 5,000 soybeans, 4,000 soymeal, and 6,000 corn and bought 5,000 soyoil

Cattle:
– Cattle slaughter down 4.3% year-over-year
– Cattle carcass weights 33+ pounds heavier than a year ago
– Beef exports are down 27% from the 4-week average, with South Korea, Japan, and Mexico as top buyers

Other:
– Cotton export sales saw net cancellations of 949,623 bales
– Current crop outstanding cotton sales at a record 4 million bales
– US cotton production expected to be 17.02 million bales, similar to July
– World cotton ending stocks expected to be 82.62 million bales, highest since 2019/20
– Brazil’s Center-South sugar production was down 9.7% in the first half of July
– Thailand is expected to see drier-than-normal conditions over the next 10 days
– US crude oil stocks at the lowest level since February

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