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USDA Grain Stocks Report

07/01/2021

The USDA quarterly Grain Stocks Report released on September 30th 2021 documented storage of commodities produced in the U.S., classified according to on-site and remote facilities including elevators and commercial installations. Quantities of corn and soybeans, the two major commodities relevant to poultry production were stated to be:-“

 

“Old crop corn stocks in all positions on September 1st 2021 totaled 1.24 billion bushels, down 36 percent from September 1st 2020. Of the total stocks, 395 million bushels are stored on farms, down 47 percent from a year earlier. Off-farm stocks, at 842 million bushels, are down 28 percent from a year ago. The June to August 2021 indicated disappearance is 2.87 billion bushels, compared with 3.08 billion bushels during the same period last year. Based on an analysis of end-of-marketing year stock estimates, disappearance data for exports, and farm program administrative data, the 2020 corn for grain production is revised down 71.0 million bushels from the previous estimate”.

 

“Old crop soybeans stored in all positions on September 1st 2021 totaled 256 million bushels, down 51 percent from September 1st 2020. Soybean stocks stored on farms totaled 68.1 million bushels, down 52 percent from a year ago. Off-farm stocks, at 188 million bushels, are down 51 percent from last September. Indicated disappearance for June to August 2021 totaled 513 million bushels, down 40 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 2020 soybean production is revised up 80.8 million bushels from the previous estimate”.

 

Prices and commentary are incorporated in the Weekly Commodity Report in this edition and will be updated in the mid-month WASDE #617 issued in October.