USDA Quarterly Grain Stocks Report Text Highlights

September 28, 2012 02:38 AM
 

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.
A table with 2011 acreage, yield, and production estimates by States is
included on page 17 of this report.

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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