The USDA says global wheat supplies are growing faster than use.
The department's latest World Agricultural Supply and Demand Estimates report has raised it's global ending wheat stocks by 1 point 7 million tonnes from last month.
That would be a record 221 point 5 million tons.
U-S ending stocks are raised by 8 million bushels to 850 million - the largest since 2010-11.
The department's global coarse grain ending stocks are raised with a 5 point 2 million ton increase in corn stocks.
And it's soybean global ending stocks have been lowered by 4 point 9 million tons.
DTN analyst Todd Hultman says the global corn and wheat stock numbers were more than the trade had expected while the soybean numbers are lower than expected.
Hultman says the estimates are bearish for corn and wheat but bullish for soybeans.
