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

  • Todd Wilkinson to U.S. Senate Committee: American Beef is Climate Change Solution  Fri, 18 Oct 2019 16:19:23
  • Protein Plays an Essential Role in Global Nutrition  Fri, 18 Oct 2019 16:12:22
  • OSU's Janeen Salak-Johnson Tells Cattle Producers Being Open to Doing Things Differently Can Save an Industry  Fri, 18 Oct 2019 15:02:45 CDT
  • Atop the RON Rural Soapbox - Former Secretary John Block  Fri, 18 Oct 2019 06:45:39 CDT
  • Thursday Market Wrap-Up with Justin Lewis  Thu, 17 Oct 2019 22:45:56 CDT
  • OSU's Glenn Selk Talks about how Your Hay Quality can Affect Your Supplementation Strategy  Thu, 17 Oct 2019 20:32:24 CDT
  • American and European Equipment Manufacturers Call on Governments to Negotiate on Trade  Thu, 17 Oct 2019 20:21:03 CDT
  • Dunn, Conaway: USDA Research Developments Remain Top Priority  Thu, 17 Oct 2019 20:16:58 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

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

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA

    Search OklahomaFarmReport.com

    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.