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Grain Stocks: Corn Stocks Down 12%, Soybeans Down 21%

September 28, 2012

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Corn Stocks Down 12 Percent from September 2011
Soybean Stocks Down 21 Percent
All Wheat Stocks Down 2 Percent

Old crop corn stocks in all positions on September 1, 2012 totaled 988 million bushels, down 12 percent from September 1, 2011. Of the total stocks, 314 million bushels are stored on farms, down slightly from a year earlier. Off-farm stocks, at 675 million bushels, are down 17 percent from a year ago. The June - August 2012 indicated disappearance is 2.16 billion bushels, compared with 2.54 billion bushels during the same period last year.

Old crop soybeans stored in all positions on September 1, 2012 totaled 169 million bushels, down 21 percent from September 1, 2011. Soybean stocks stored on farms totaled 38.3 million bushels, down 21 percent from a year ago. Off-farm stocks, at 131 million bushels, are down 21 percent from last September. Indicated disappearance for June - August 2012 totaled 498 million bushels, up 23 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 2011 soybean production is revised to 3.09 billion bushels, up 37.5 million bushels from the previous estimate. Planted area is revised up 70,000 acres. Harvested area is revised up 140,000 acres to 73.8 million acres. The 2011 yield, at 41.9 bushels per acre, is up 0.4 bushel from the previous estimate.

All wheat stored in all positions on September 1, 2012 totaled 2.10 billion bushels, down 2 percent from a year ago. On-farm stocks are estimated at 573 million bushels, down 9 percent from last September. Off-farm stocks, at 1.53 billion bushels, are up 1 percent from a year ago. The June - August 2012 indicated disappearance is 908 million bushels, up 27 percent from the same period a year earlier.

Durum wheat stocks in all positions on September 1, 2012 totaled 67.8 million bushels, up 6 percent from a year ago. On-farm stocks, at 43.1 million bushels, are up 23 percent from September 1, 2011. Off-farm stocks totaled 24.7 million bushels, down 14 percent from a year ago. The June - August 2012 indicated disappearance of 39.7 million bushels is up 79 percent from the same period a year earlier.

Barley stocks in all positions on September 1, 2012 totaled 197 million bushels, up 12 percent from September 1, 2011. On-farm stocks are estimated at 112 million bushels, 20 percent above a year ago. Off-farm stocks, at 85.3 million bushels, are 4 percent above September 2011. The June - August 2012 indicated disappearance is 83.4 million bushels, 19 percent above the same period a year earlier.

Oats stored in all positions on September 1, 2012 totaled 85.0 million bushels, 8 percent above the stocks on September 1, 2011. Of the total stocks on hand, 34.1 million bushels are stored on farms, 10 percent higher than a year ago. Off-farm stocks totaled 50.9 million bushels, 7 percent above the previous year. Indicated disappearance during June - August 2012 totaled 34.0 million bushels, compared with 42.9 million bushels during the same period a year ago.

Old crop grain sorghum stored in all positions on September 1, 2012 totaled 22.9 million bushels, down 16 percent from a year ago. On-farm stocks, at 1.16 million bushels, are down 43 percent from last year. Off-farm stocks, at 21.8 million bushels, are down 14 percent from September 1, 2011. The June - August 2012 indicated disappearance from all positions is 35.6 million bushels, down 32 percent from the same period a year ago.


Old crop sunflower stocks in all positions on September 1, 2012 totaled 194 million pounds, down 25 percent from a year ago. All stocks stored on farms totaled 27.3 million pounds and off-farm stocks totaled 167 million pounds. Stocks of oil type sunflower seed are 101 million pounds; of this total, 21.8 million pounds are on-farm stocks and 79.3 million pounds are off-farm stocks. Non-oil sunflower stocks totaled 92.8 million pounds, with 5.50 million pounds stored on the farm and 87.3 million pounds stored off the farm.

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Coverage of Sept. 28 Grain Stocks Reports
See AgWeb's full coverage of the Sept. 28 Grain Stocks and Small Grains reports.


 

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

 
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