USDA September 28 Stocks and Small Grains reports

USDA Grain Stocks - September 28, 2012
Corn Stocks Down 12 Percent from September 2011
Soybean Stocks Down 21 Percent
All Wheat Stocks Down 2 Percent

Old crop corn stocks in all positions on September 1, 2012 totaled 988 million bushels, down 12 percent from September 1, 2011. Of the total stocks, 314 million bushels are stored on farms, down slightly from a year earlier. Off-farm stocks, at 675 million bushels, are down 17 percent from a year ago. The June - August 2012 indicated disappearance is 2.16 billion bushels, compared with 2.54 billion bushels during the same period last year.

Old crop soybeans stored in all positions on September 1, 2012 totaled 169 million bushels, down 21 percent from September 1, 2011. Soybean stocks stored on farms totaled 38.3 million bushels, down 21 percent from a year ago. Off-farm stocks, at 131 million bushels, are down 21 percent from last September. Indicated disappearance for June - August 2012 totaled 498 million bushels, up 23 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 2011 soybean production is revised to 3.09 billion bushels, up 37.5 million bushels from the previous estimate. Planted area is revised up 70,000 acres. Harvested area is revised up 140,000 acres to 73.8 million acres. The 2011 yield, at 41.9 bushels per acre, is up 0.4 bushel from the previous estimate. A table with 2011 acreage, yield, and production estimates by States is included on page 17 of this report.

All wheat stored in all positions on September 1, 2012 totaled 2.10 billion bushels, down 2 percent from a year ago. On-farm stocks are estimated at 573 million bushels, down 9 percent from last September. Off-farm stocks, at 1.53 billion bushels, are up 1 percent from a year ago. The June - August 2012 indicated disappearance is 908 million bushels, up 27 percent from the same period a year earlier.

Durum wheat stocks in all positions on September 1, 2012 totaled 67.8 million bushels, up 6 percent from a year ago. On-farm stocks, at 43.1 million bushels, are up 23 percent from September 1, 2011. Off-farm stocks totaled 24.7 million bushels, down 14 percent from a year ago. The June - August 2012 indicated disappearance of 39.7 million bushels is up 79 percent from the same period a year earlier.

Barley stocks in all positions on September 1, 2012 totaled 197 million bushels, up 12 percent from September 1, 2011. On-farm stocks are estimated at 112 million bushels, 20 percent above a year ago. Off-farm stocks, at 85.3 million bushels, are 4 percent above September 2011. The June - August 2012 indicated disappearance is 83.4 million bushels, 19 percent above the same period a year earlier.

Oats stored in all positions on September 1, 2012 totaled 85.0 million bushels, 8 percent above the stocks on September 1, 2011. Of the total stocks on hand, 34.1 million bushels are stored on farms, 10 percent higher than a year ago. Off-farm stocks totaled 50.9 million bushels, 7 percent above the previous year. Indicated disappearance during June - August 2012 totaled 34.0 million bushels, compared with 42.9 million bushels during the same period a year ago.

Old crop grain sorghum stored in all positions on September 1, 2012 totaled 22.9 million bushels, down 16 percent from a year ago. On-farm stocks, at 1.16 million bushels, are down 43 percent from last year. Off-farm stocks, at 21.8 million bushels, are down 14 percent from September 1, 2011. The June - August 2012 indicated disappearance from all positions is 35.6 million bushels, down 32 percent from the same period a year ago.

Old crop sunflower stocks in all positions on September 1, 2012 totaled 194 million pounds, down 25 percent from a year ago. All stocks stored on farms totaled 27.3 million pounds and off-farm stocks totaled 167 million pounds. Stocks of oil type sunflower seed are 101 million pounds; of this total, 21.8 million pounds are on-farm stocks and 79.3 million pounds are off-farm stocks. Non-oil sunflower stocks totaled 92.8 million pounds, with 5.50 million pounds stored on the farm and 87.3 million pounds stored off the farm.



NEBRASKA SEPTEMBER 1, 2012 GRAIN STOCKS 

Old crop corn stocks in all positions on September 1 totaled 93.9 million bushels, down 21 percent from September 1, 2011 and the lowest since 1996, according to USDA’s National Agricultural Statistics Service, Nebraska Field Office.  Of the total stocks, 28 million bushels are stored on farm, up 17 percent from a year ago.  Off-farm holdings of 65.9 million bushels are down 31 percent from 2011.

Old crop soybeans stored in all positions totaled 17.7 million bushels, up 15 percent from last year.  On-farm stocks totaled 2.9 million bushels, up 16 percent from 2011. Off-farm stocks of 14.8 million bushels are up 15 percent from last year’s holdings. 

Wheat stored in all positions totaled 62.0 million bushels, down 21 percent from a year ago.  On-farm stocks of 7.7 million bushels are down 8 percent from 2011.  Off-farm stocks, at 54.3 million bushels, are down 22 percent from last year.

Old crop sorghum stored in all positions totaled 1.2 million bushels, down 32 percent from last year and the lowest since 1957.  On-farm stocks of 200,000 bushels are unchanged from a year ago, and off-farm stocks, at 987,000 bushels, are down 37 percent from 2011 and the lowest since 1957.

IOWA:
Iowa corn stocks in all positions on September 1, 2012 totaled 226 million bushels, 16 percent below a year ago.  Of the total  stocks,  27  percent  were  stored  on-farm.    The  June  -  August  2012  indicated  disappearance  totaled  463  million bushels, 10 percent less than the 514 million bushels used during the same period last year.

Iowa  soybeans  stored  in  all  positions  on  September  1,  2012  totaled  38.8  million  bushels,  18  percent  less  than  the 47.1 million  bushels  on  hand  September  1,  2011.    Of  the  total  stocks,  24 percent  were  stored  on-farm.    Indicated disappearance  for  the June  - August 2012 period was 108 million bushels, 17 percent more  than  the 92 million bushels used during the same quarter last year.

Based on an analysis of end-of-marketing year  stock estimates, disappearance data  for exports and crushings, and  farm program administrative data, the 2011 soybean production is revised to 475 million bushels, up 9.23 million bushels from the previous estimate. The 2011 yield, at 51.5 bushels per acre, is up 1 bushel from the previous estimate.

Iowa  oat  stocks  stored  in  all  positions  on  September  1,  2012  totaled  6.61 million  bushels,  down  9  percent  from  the 7.26 million bushels on hand September 1, 2011.  Of the total stocks, 29 percent were stored on-farm.



NEBRASKA 2012 SMALL GRAIN PRODUCTION

The final 2012 production for Nebraska wheat totaled 53.3 million bushels, 18 percent below last year’s crop and the smallest since 2002, according to the USDA’s National Agricultural Statistics Service, Nebraska Field Office.  Area harvested for grain, at 1.3 million acres, is 150,000 less than last year.  Average yield in Nebraska, at 41 bushels per acre, is 4 bushels below last year and the lowest since 2006.

Oat production in Nebraska during 2012 totaled 1.0 million bushels, 21 percent below the 2011 crop and the smallest production since 1868.  Planted acreage, at 75,000, is 25 percent above 2011.  Area harvested for grain, at 18,000, is 2,000 below the level set a year ago.  Yield, at 57 bushels per acre, is down 8 bushels from last year.

IOWA:
Iowa’s  2012  planted  oat  acreage,  at  130,000 acres,  is  10,000  acres  higher  than what was  planted  last  year, according to the USDA National Agricultural Statistics Service –Small Grains report. Oat acreage harvested for grain, at 58,000 acres,  is 16 percent higher  than  the previous year.  Iowa’s 2012 oat yield, at 65.0 bushels per acre,  is unchanged from 2011.   Iowa’s oat grain production, at 3.77 million bushels,  is 16 percent higher than last year.

Iowa’s 2012 winter wheat acreage harvested  for grain,  at 13,000  acres,  is 3,000  acres  lower  than  last  year.  The yield is 53 bushels per acre, 8 bushels per acre above last year.  The state’s production, at 689,000 bushels, is 4 percent lower than the previous year.



USDA Small Grains 2012 Summary

All wheat production totaled 2.27 billion bushels in 2012, up 13 percent from 2011. Grain area totaled 49.0 million acres, up 7 percent from the previous year. The United States yield is 46.3 bushels per acre, up 2.6 bushels from the previous year and matches the record high from 2010. The levels of production and changes from 2011 by type are winter wheat, 1.65 billion bushels, up 10 percent; other spring wheat, 542 million bushels, up 19 percent, and Durum wheat, 82.0 million bushels, up 62 percent.

Oat production is estimated at 64.0 million bushels, up 19 percent from 2011. Yield is estimated at 61.3 bushels per acre, up 4.2 bushels from the previous year. Harvested area, at 1.05 million acres, is 11 percent above last year. This is the second smallest acreage harvested for grain on record.

Barley production is estimated at 220 million bushels, up 41 percent from 2011. Average yield per acre, at 67.9 bushels, is down 1.7 bushels from the previous year. Producers seeded 3.64 million acres in 2012, up 42 percent from last year. Harvested area, at 3.24 million acres, is up 45 percent from 2011. These represent the first increases in seeded and harvested area since 2008.