Corn and wheat markets show no reason for improvement following WASDE report.

WHEATThe U.S. wheat supply numbers in the WASDE reflect numbers from the Small Grains Summary: a small decrease in harvested area and a 0.7 bushel per acre increase in yield. U.S. corn markets are holding their own and wheat remains in the doldrums following the latest World Supply and Demand Estimates (WASDE) released this week.Mark Welch, Texas A&M AgriLife Extension economist, reports in his weekly updates that neither another increase in estimated average yield for the 2017 U.S. corn crop, nor a small decrease from last month in wheat harvested acreage and a small bump in average yield moved the market needle.GRAIN Welch says the latest WASDE showed another increase in the average yield of the U.S. corn crop, up 1.9 bushels per acre to 171.8. [Extracted from the article]