USDA September Grain Stocks Report: Text Highlights

September 30, 2013 06:08 AM
 

 

 

Corn Stocks Down 17 Percent from September 2012
Soybean Stocks Down 17 Percent
All Wheat Stocks Down 12 Percent

Old crop corn stocks in all positions on September 1, 2013 totaled 824 million bushels, down 17 percent from September 1, 2012. Of the total stocks, 275 million bushels are stored on farms, down 12 percent from a year earlier. Off-farm stocks, at 549 million bushels, are down 19 percent from a year ago. The June - August 2013 indicated disappearance is 1.94 billion bushels, compared with 2.16 billion bushels during the same period last year.

Old crop soybeans stored in all positions on September 1, 2013 totaled 141 million bushels, down 17 percent from September 1, 2012. Soybean stocks stored on farms totaled 39.6 million bushels, up 3 percent from a year ago. Off-farm stocks, at 101 million bushels, are down 23 percent from last September. Indicated disappearance for June - August 2013 totaled 294 million bushels, down 41 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 2012 soybean production is revised to 3.03 billion bushels, up 18.6 million bushels from the previous estimate. Planted area is unchanged, but harvested area is revised up 60,000 acres to 76.2 million acres. The 2012 yield, at 39.8 bushels per acre, is up 0.2 bushel from the previous estimate. A table with 2012 acreage, yield, and production estimates by States is included on page 17 of this report.

All wheat stored in all positions on September 1, 2013 totaled 1.85 billion bushels, down 12 percent from a year ago. On-farm stocks are estimated at 547 million bushels, down 5 percent from last September. Off-farm stocks, at 1.31 billion bushels, are down 15 percent from a year ago. The June - August 2013 indicated disappearance is 991 million bushels, up 10 percent from the same period a year earlier.

Durum wheat stocks in all positions on September 1, 2013 totaled 66.8 million bushels, down 2 percent from a year ago. On-farm stocks, at 42.4 million bushels, are down 3 percent from September 1, 2012. Off-farm stocks totaled 24.4 million bushels, down 2 percent from a year ago. The June - August 2013 indicated disappearance of 17.8 million bushels is down 55 percent from the same period a year earlier.


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