Corn stocks up slightly from September 2015; soybean stocks up 3%
Monday, October 3rd 2016
Old crop corn stocks in all positions on September 1, 2016 totaled 1.74 billion bu., up slightly from September 1, 2015. Of the total stocks, 627 million bu. are stored on farms, up 6% from a year earlier. Off-farm stocks, at 1.11 billion bu., are down 2% from a year ago. The June - August 2016 indicated disappearance is 2.97 billion bu., compared with 2.72 billion bu. during the same period last year. Old crop soybeans stored in all positions on September 1, 2016 totaled 197 million bu., up 3% from September 1, 2015. Soybean stocks stored on farms totaled 41.6 million bu., down 16% from a year ago. Off-farm stocks, at 155 million bu., are up 10% from last September. Indicated disappearance for June - August 2016 totaled 675 million bu., up 55% 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 2015 soybean production is revised down 2.82 million bu. from the previous estimate. Planted area is unchanged at 82.7 million acres, and harvested area is revised down 82,000 acres to 81.7 million acres. The 2015 yield, at 48.0 bu. per acre, is unchanged from the previous estimate. All wheat stored in all positions on September 1, 2016 totaled 2.53 billion bu., up 21% from a year ago. On-farm stocks are estimated at 726 million bu., up 12% from last September. Off-farm stocks, at 1.80 billion bu., are up 24% from a year ago. The June - August 2016 indicated disappearance is 758 million bu., up 6% from the same period a year earlier.