Wheat prices firmed on a technical bounce as ample global supply has kept futures anchored. The US Department of Agriculture (USDA) raised its good-to-excellent rating for the nation's soybean crop and kept its corn crop rating steady in a weekly report on Monday, surprising analysts who had expected slight declines. The agency rated 71% of the corn crop as being in good or excellent shape as of August 24, unchanged from a week earlier. It increased the soybean crop rating to 69% good-to-excellent, up from 68% the previous week. Russia's IKAR consultancy has raised its 2025 wheat crop forecast to 86.0 million metric tons, up from 85.5 million tons previously and lifted its wheat export outlook to 43.0 million tons, up from 42.5 million tons.