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Grain Stocks: Corn, Soybean Stocks Both Down 17%

January 11, 2013
USDA   pile of corn
  
 
 


Corn Stocks Down 17% from December 2011
Soybean Stocks Down 17%
All Wheat Stocks Down Slightly

Corn stored in all positions on Dec. 1, 2012, totaled 8.03 billion bushels, down 17% from Dec. 1, 2011. Of the total stocks, 4.59 billion bushels are stored on farms, down 26% from a year earlier. Off-farm stocks, at 3.44 billion bushels, are down 1% from a year ago. The September-November 2012 indicated disappearance is 3.74 billion bushels, compared with 3.84 billion bushels during the same period last year.

Soybeans stored in all positions on Dec. 1, 2012 totaled 1.97 billion bushels, down 17% from Dec. 1, 2011. Soybean stocks stored on farms totaled 910 million bushels, down 20% from a year ago. Off-farm stocks, at 1.06 billion bushels, are down 14% from last December. Indicated disappearance for September-November 2012 totaled a record high 1.22 billion bushels, up 30% from the same period a year earlier.

All wheat stored in all positions on Dec. 1, 2012, totaled 1.66 billion bushels, down slightly from a year ago. On-farm stocks are estimated at 400 million bushels, down 1% from last December. Off-farm stocks, at 1.26 billion bushels, are up slightly from a year ago. The September-November 2012 indicated disappearance is 445 million bushels, down 8% from the same period a year earlier.

Durum wheat stored in all positions on Dec. 1, 2012, totaled 61.0 million bushels, up 27%  from a year ago. On-farm stocks, at 36.7 million bushels, are up 50% from Dec. 1, 2011. Off-farm stocks totaled 24.3 million bushels, up 3% from a year ago. The September-November 2012 indicated disappearance of 7.44 million bushels is down 53% from the same period a year earlier.

Barley stored in all positions on Dec. 1, 2012, totaled 158 million bushels, up 14% from Dec. 1, 2011. On-farm stocks are estimated at 72.6 million bushels, 31% above a year ago. Off-farm stocks, at 85.3 million bushels, are 2% above December 2011. The September-November 2012 indicated disappearance is 38.9 million bushels, 8% above the same period a year earlier.

Oats stored in all positions on Dec. 1, 2012 totaled 73.1 million bushels, 8% below the stocks on Dec. 1, 2011. Of the total stocks on hand, 26.0 million bushels are stored on farms, up 4%  from a year ago. Off-farm stocks totaled 47.1 million bushels, down 13% from the previous year.

Grain sorghum stored in all positions on Dec. 1, 2012 totaled 139 million bushels, down 8%  from a year ago. On-farm stocks, at 17.3 million bushels, are down 38% from Dec. 1 last year. Off-farm stocks, at 122 million bushels, are down 1% from a year earlier. The September-November 2012 indicated disappearance from all positions is 131 million bushels, up 44% from the same period in 2011.

Pulse crops stored in all positions on Dec. 1, 2012, and the change from Dec. 1, 2011 are: dry edible peas, 5.19 million cwt, up 25%; lentils, 3.57 million cwt, down 11%; Austrian winter peas, 86,000 cwt, down 33%; all chickpeas, 1,627,000 cwt, up 51%; small chickpeas, 710,000 cwt, up 64%; and large chickpeas, 917,000 cwt, up 43%.

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Coverage, Analysis of the Jan. 11 USDA Reports

See all of the data, coverage and analysis of the WASDE, Crop Production, Grain Stocks and Winter Wheat Seedings reports.

 


 

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

 
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COMMENTS (1 Comments)

WhyMeJake
Mr. Gulke's thought that "Could these reports be bearish"? seems rather odd. Stocks down 17% across the board, farmers aren't selling and the livestock keep eating, it almost seems he is looking for a reason to be bearish. Wonder what it would take to hit $9 corn and $17 beans? Before the first of March. Could lack of farmer selling alone get a few buyers more willing to raise their offers. Or are they going to let all the cheap crop go overseas and wait for the price increase.
6:06 PM Jan 11th
 



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