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Grain Stocks Report Overview

September 30, 2011

Old crop corn stocks in all positions on September 1, 2011 totaled 1.13 billion bushels, down 34 percent from September 1, 2010. Of the total stocks, 315 million bushels are stored on farms, down 35 percent from a year earlier. Off-farm stocks, at 813 million bushels, are down 33 percent from a year ago. The June - August 2011 indicated disappearance is 2.54 billion bushels, compared with 2.60 billion bushels during the same period last year.

Old crop soybeans stored in all positions on September 1, 2011 totaled 215 million bushels, up 42 percent from September 1, 2010. Soybean stocks stored on farms totaled 48.5 million bushels, up 37 percent from a year ago. Off-farm stocks, at 166 million bushels, are up 44 percent from last

September. Indicated disappearance for June - August 2011 totaled 405 million bushels, down 4 percent from the same period a year earlier.

Based on an analysis of end-of-marketing year stock estimates, disappearance data for exports and crushings, and farm program administrative data, the 2010 soybean production is revised down fractionally from the previous estimate. Harvested area is revised down 6,000 acres. A table with 2010 acreage, yield, and production estimates by State is included on page 17 of this report.

All wheat stored in all positions on September 1, 2011 totaled 2.15 billion bushels, down 12 percent from a year ago. On-farm stocks are estimated at 642 million bushels, down 21 percent from last September. Off-farm stocks, at 1.51 billion bushels, are down 8 percent from a year ago. The June - August 2011 indicated disappearance is 720 million bushels, down 2 percent from the same period a year earlier.

Durum wheat stocks in all positions on September 1, 2011 totaled 65.2 million bushels, down 35 percent from a year ago. On-farm stocks, at 36.4 million bushels, are down 49 percent from September 1, 2010. Off-farm stocks totaled 28.8 million bushels, down slightly from a year ago. The June - August 2011 indicated disappearance of 22.1 million bushels is down 45 percent from the same period a year earlier.

Barley stocks in all positions on September 1, 2011 totaled 174 million bushels, down 22 percent from September 1, 2010. On-farm stocks are estimated at 92.4 million bushels, 26 percent below a year ago. Off-farm stocks, at 82.0 million bushels, are 17 percent below September 2010. The

June - August 2011 indicated disappearance is 70.0 million bushels, 3 percent below the same period a year earlier.

Oats stored in all positions on September 1, 2011 totaled 78.4 million bushels, 33 percent below the stocks on September 1, 2010. Of the total stocks on hand, 31.1 million bushels are stored on farms, 33 percent lower than a year ago. Off-farm stocks totaled 47.3 million bushels, 33 percent

below the previous year. Indicated disappearance during June - August 2011 totaled 43.2 million bushels, compared with 44.5 million bushels during the same period a year ago.

Old crop grain sorghum stored in all positions on September 1, 2011 totaled 27.5 million bushels, down 33 percent from a year ago. On-farm stocks, at 2.03 million bushels, are down 55 percent from last year. Off-farm stocks, at 25.4 million bushels, are down 31 percent from September 1, 2010. The June - August 2011 indicated disappearance from all positions is 52.6 million

bushels, up 13 percent from the same period a year ago.

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RELATED TOPICS: Corn, Soybeans, Wheat, Crops, USDA

 
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