Grain Stocks Report: At a Glance

(KFEQ)--In the Grain Stock Report released Monday, USDA estimated corn stocks down 17 percent from the same counting period last year.

Old crop corn stocks as of September 1,  were estimated at 824 million bushels.  of that 275 million bushels are stored on farms, down 12 percent from a year earlier. Off-farm stocks, at 549 million bushels, down 19 percent from a year ago. Trade expectation was 823 million bushels.
Old crop soybeans stored  totaled 141 million bushels.   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. Trade expectation was 124 million bushel, sending soybean futures lower during the trading session Monday.
All wheat stored was estimated at 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. All wheat production totaled 2.13 billion bushels in 2013, down 6 percent from 2012. Grain area totaled 45.2 million acres, down 8 percent from the previous year. The United States yield is estimated at a record high of 47.1 bushels per acre.

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