USDA reports low soybean, corn and wheat stocks
© Copyright Agri-Pulse Communications, Inc.
WASHINGTON, September 28, 2012- In its Grain Stocks summary today, USDA reported corn, soybean and wheat stocks lower than a year ago. Corn stocks are down 12 percent from September 2011, while soybean stocks declined 21 percent and all wheat stocks declined 2 percent.
The following information is from USDA's National Agricultural Statistics Service Grain Stocks report released this morning.
Old crop corn stocks on the first of this month 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 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.
All wheat stored 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.
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