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Agricultural News


USDA Reports Large Soybean Ending Stocks Increase , Modest Tick Up in Wheat, Short Fall in Corn

Fri, 28 Sep 2018 13:14:54 CDT

USDA Reports Large Soybean Ending Stocks Increase , Modest Tick Up in Wheat, Short Fall in Corn In the USDA Grain Stocks report released this Friday morning, corn came in lower than the September benchmark from one year ago, while soybean stocks were raised nearly half the amount from 2017 and all wheat stocks also raised modestly compared to the previous year’s report.


Old crop corn stocks in all positions on September 1, 2018 totaled 2.14 billion bushels, down 7 percent from September 1, 2017. Of the total stocks, 620 million bushels are stored on farms, down 21 percent from a year earlier. Off-farm stocks, at 1.52 billion bushels, are up 1 percent from a year ago. The June - August 2018 indicated disappearance is 3.16 billion bushels, compared with 2.94 billion bushels during the same period last year.


Old crop soybeans stored in all positions on September 1, 2018 totaled 438 million bushels, up 45 percent from September 1, 2017. Soybean stocks stored on farms totaled 101 million bushels, up 15 percent from a year ago. Off-farm stocks, at 337 million bushels, are up 58 percent from last September. Indicated disappearance for June - August 2018 totaled 781 million bushels, up 18 percent from the same period a year earlier.


All wheat stored in all positions on September 1, 2018 totaled 2.38 billion bushels, up 5 percent from a year ago. On-farm stocks are estimated at 631 million bushels, up 28 percent from last September. Off-farm stocks, at 1.75 billion bushels, are down 1 percent from a year ago. The June - August 2018 indicated disappearance is 605 million bushels, down 8 percent from the same period a year earlier.


View the USDA Grain Stocks report released Friday, September 28, 2018 by clicking here.




   

 

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