October 1, 2014

September 14 Quarterly Grain Stocks & Small Grains Summary Reports

September 25th, 2014

We will have a full recap from Rich Nelson soon. Please watch his quick recap below:

Allendale’s end of the marketing year estimate for corn, at 1.194 billion bushels, is higher than USDA’s September 11 estimate of 1.181.

Our estimate of end of the marketing year stocks for soybeans, at 125 million bushels, is lower than USDA’s September 11 estimate of 130. This was made with a 45 million bushel increase to the Fall 2013 harvest.

Wheat production has been revised slightly lower than USDA’s Sep 11 estimate. 1st quarter wheat usage, at 879 million bushels, was 13% under last year. 1st quarter exports, of 259 million bushels, were 28% under last year.

USDA Quarterly Grain Stocks Report Released 9/30/14 @ 11:00 am Central Time

                    09/13   06/14    USDA 9/30

Corn Stocks SEP 1     821    3854    1236

Soybean Stocks        141     450     92

Wheat Stocks         1870     590    1914

 

USDA Small Grains Summary Report

PRODUCTION          2013    09/14   USDA 9/30

ALL WHEAT           2130     2030     2035

WINTER              1534     1397     1398

HRW                  744      729      738

SRW                  565      466      455

WW                   225      202      184

OTHER SPRING         534      572      601

DURUM                 62       61       57

We gave an in depth preview of these reports on our September 23rd Ag Leaders Webinar. If you missed it, get the recording here.

Give us a call at 800-262-7538 with any questions.

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