Sept. 30, 2011 Grain Stocks: Corn Down 34% from September 2010; Soybeans Up 42%

Sept. 30, 2011 Grain Stocks: Corn Down 34% from September 2010; Soybeans Up 42%

 

Old-crop corn [3] stocks in all positions on Sept. 1, 2011 totaled 1.13 billion bushels, down 34% from Sept. 1, 2010. Of the total stocks, 315 million bushels are stored on farms, down 35% from a year earlier. Off-farm stocks, at 813 million bushels, are down 33% from a year ago. The June-August 2011 indicated disappearance is 2.54 billion bushels, compared with 2.60 billion bushels during the same period last year.

Old-crop soybeans [4] stored in all positions on Sept. 1, 2011 totaled 215 million bushels, up 42% from Sept. 1, 2010. Soybean stocks stored on farms totaled 48.5 million bushels, up 37% from a year ago. Off-farm stocks, at 166 million bushels, are up 44% from last September. Indicated disappearance for June-August 2011 totaled 405 million bushels, down 4% from the same period a year earlier.

Based on an analysis of end-of-marketing year stock estimates, disappearance data for exports and crushings, and farm program administrative data, the 2010 soybean production [5] is revised down fractionally from the previous estimate. Harvested area is revised down 6,000 acres.

 

Get the complete Sept. 30, 2011 report online. [6]