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USDA Grains: World Markets and Trade


30 September 2014

USDA Grains Stocks - 30 September 2014USDA Grains Stocks - 30 September 2014


USDA Grains: World Markets and Trade Reports

Corn Stocks Up 50 Percent from September 2013

Soybean Stocks Down 35 Percent

All Wheat Stocks Up 2 Percent

Old crop corn stocksin all positions on September 1, 2014 totaled 1.24 billion bushels, up 50 percent from September 1, 2013. Of the total stocks, 462 million bushels are stored on farms, up 68 percent from a year earlier. Off-farm stocks, at 774 million bushels, are up 42 percent from a year ago. The June - August 2014 indicated disappearance is 2.62 billion bushels, compared with 1.95 billion bushels during the same period last year.

Old crop soybeans stored in all positions on September 1, 2014 totaled 92.0 million bushels, down 35 percent from September 1, 2013. Soybean stocks stored on farms totaled 21.3 million bushels, down 46 percent from a year ago. Off-farm stocks, at 70.6 million bushels, are down 30 percent from last September. Indicated disappearance for June - August 2014 totaled 313 million bushels, up 6 percent 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 2013 soybean production is revised to 3.36 billion bushels, up 69.2 million bushels from the previous estimate. Planted area is revised up 307,000 acres to 76.8 million acres, and harvested area is revised up 384,000 acres to 76.3 million acres. The 2013 yield, at 44.0 bushels per acre, is up 0.7 bushel from the previous estimate. A table with 2013 acreage, yield, and production estimates by States is included on page 17 of this report.

All wheat stored in all positions on September 1, 2014 totaled 1.91 billion bushels, up 2 percent from a year ago. On-farm stocks are estimated at 722 million bushels, up 30 percent from last September. Off-farm stocks, at 1.19 billion bushels, are down 9 percent from a year ago. The June - August 2014 indicated disappearance is 711 million bushels, down 28 percent from the same period a year earlier.

Durum wheat stocks in all positions on September 1, 2014 totaled 60.2 million bushels, down 9 percent from a year ago. On-farm stocks, at 41.4 million bushels, are down 4 percent from September 1, 2013. Off-farm stocks totaled 18.9 million bushels, down 20 percent from a year ago. The June - August 2014 indicated disappearance of 18.4 million bushels is up 25 percent from the same period a year earlier.

Barley stocks in all positions on September 1, 2014 totaled 179 million bushels, down 9 percent from September 1, 2013. On-farm stocks are estimated at 98.0 million bushels, 7 percent below a year ago. Off-farm stocks, at 80.8 million bushels, are 11 percent below September 2013. The June - August 2014 indicated disappearance is 83.6 million bushels, 17 percent below the same period a year earlier.

Oats stored in all positions on September 1, 2014 totaled 73.2 million bushels, 15 percent above the stocks on September 1, 2013. Of the total stocks on hand, 40.5 million bushels are stored on farms, 9 percent higher than a year ago. Off-farm stocks totaled 32.7 million bushels, 24 percent above the previous year. Indicated disappearance during June - August 2014 totaled 22.0 million bushels, compared with 37.5 million bushels during the same period a year ago.

Old crop grain sorghum stored in all positions on September 1, 2014 totaled 34.0 million bushels, up 125 percent from a year ago. On-farm stocks, at 1.95 million bushels, are up 223 percent from last year. Off-farm stocks, at 32.1 million bushels, are up 121 percent from September 1, 2013. The June - August 2014 indicated disappearance from all positions is 58.4 million bushels, up 125 percent from the same period a year ago.

Old crop sunflower stocks in all positions on September 1, 2014 totaled 201 million pounds, down 41 percent from a year ago. All stocks stored on farms totaled 25.1 million pounds and off-farm stocks totaled 176 million pounds. Stocks of oil type sunflower seed are 114 million pounds; of this total, 19.8 million pounds are on-farm stocks and 94.0 million pounds are off-farm stocks. Non-oil sunflower stocks totaled 87.0 million pounds, with 5.30 million pounds stored on the farm and 81.7 million pounds stored off the farm.

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