Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211


Agricultural News

Quarterly Grain Stocks from USDA Offered Friendly News for Corn and Soybean Markets

Mon, 30 Sep 2019 16:55:12 CDT

Quarterly Grain Stocks from USDA Offered Friendly News for Corn and Soybean Markets USDA released their Quarterly Grain Stocks Report on Monday, September 30th- which means the corn and soybean stock numbers are the official year end numbers.

Every quarter USDA surveys holders of grain to determine remaining old crop stocks. This is called the Grain Stocks report, not to be confused with the monthly supply/demand estimates which discuss ending stocks. The September 30 Grain Stocks is special as it represents stocks as of September 1, the end of the old crop marketing year for corn and soybeans. Today’s number is now the official old crop ending stock. USDA’s previous attempts had all been estimates.

As this is not a supply/demand report there was no breakdown regarding demand for this report. That will be revealed on the October supply/demand report which incorporates these changes. This year’s Grain Stocks survey covered 63,100 producers.

Allendale's Rich Nelson offered his thoughts in a video review of the Monday report-he calls it a friendly end of year report for corn and soybeans, as USDA revised ending stocks of corn a large amount to the down side- and also soybean ending stocks were lower than expected.
To view his commentary, click on the play button in the video box below.

Source- Allendale



WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Superior Livestock Auction Recaps their January 23rd Video Auction Along with their Top Selling Lots  Sat, 25 Jan 2020 11:28:19 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, January 24, 2020  Sat, 25 Jan 2020 11:23:33 CST
  • Friday, January 24, 2020 Market Wrap-Up with Justin Lewis  Fri, 24 Jan 2020 15:03:25 CST
  • NRCS Reminds Producers of Advance Payment Option  Fri, 24 Jan 2020 12:52:22 CST
  • Oklahoma Cattlemen's Association is Thankful for the Clarity of the New Water Rule  Fri, 24 Jan 2020 12:33:25 CST
  • Annual Cotton Seed Meeting Tuesday, Feb 4, 2020  Fri, 24 Jan 2020 11:34:24 CST
  • Cotton Economist, Dr. John Robinson talks Uncertainties for this years Crop  Fri, 24 Jan 2020 11:23:52 CST
  • More Widespread Support for EPA and Army's Navigable Waters Protection Rule - A New Definition of WOTUS  Fri, 24 Jan 2020 12:44:22 CST

  • More Headlines...


    Ron salutes our daily email sponsors!

    Oklahoma City Farm Show KIS FUTURES, INC. Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!


    Search OklahomaFarmReport.com

    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.