"USDA -- Less Corn, More Soybeans"

 September, December and March corn are up a bit over 8 cents, beans are down.
From DTN's Market Matters blog:

USDA cut corn yields to 162.5, raised bean yields to 44.7 -- not too far from many trade guesses; maybe more surprises in the WASDE S&Ds.

The World Ag Outlook Board raised world wheat ending stocks by about 3 million metric tons for 2010/11, as a bigger Canadian wheat crop and a cut in world use offset some further cuts in Russian and eastern European output.

World corn ending stocks were cut to 135.56 MMT, down from 139.2 MMT last month.

Now we see what the markets will make of the numbers.

How's that for a punchy little report?  

Here's the USDA's Sept. 10 "World Agricultural Supply and Demand Estimates" (40 page PDF)