Last week was a great week for wheat prices, even though no news had been the rule for most of the time since the first week of August. On Monday, the last trading day of September, USDA finally gave us something to look at.

There's more old-crop corn on hand on farms and in grain elevators than traders expected, according to observers of the USDA-NASS Quarterly Grain Stocks report. In published pre-report surveys, the average analyst guess for on-hand inventories of corn in the US was 688 million bushels. USDA came out with 824 million. Soybean counts also surprised many traders who had ex...