Corn Stocks Down 10 Percent from September 2019
Soybean Stocks Down 42 Percent
All Wheat Stocks Down 8 Percent
Old crop corn stocks in all positions on September 1, 2020 totaled 2.00 billion bushels, down 10 percent from September 1, 2019. Of the total stocks, 751 million bushels are stored on farms, down 8 percent from a year earlier. Off-farm stocks, at 1.24 billion bushels, are down 12 percent from a year ago. The June - August 2020 indicated disappearance is 3.02 billion bushels, compared with 2.98 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 2019 corn for grain production is revised up 2.67 million bushels from the previous estimate. Corn silage production is revised up 715 thousand tons. Planted area is revised to 89.7 million acres, and area harvested for grain is revised to 81.3 million acres. Area harvested for silage is revised to 6.62 million acres. The 2019 grain yield, at 167.5 bushels per acre, is up 0.1 bushel from the previous estimate. The 2019 silage yield, at 20.2 tons per acre, remains unchanged from the previous estimate. A table with 2019 acreage, yield, and production estimates by States is included on pages 17 and 18 of this report.
Old crop soybeans stored in all positions on September 1, 2020 totaled 523 million bushels, down 42 percent from September 1, 2019. Soybean stocks stored on farms totaled 141 million bushels, down 47 percent from a year ago. Off-farm stocks, at 382 million bushels, are down 41 percent from last September. Indicated disappearance for June - August 2020 totaled 858 million bushels, down 2 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 2019 soybean production is revised down 333 thousand bushels from the previous estimate. Planted area is unchanged at 76.1 million acres, but harvested area is revised to 74.9 million acres. The 2019 yield, at 47.4 bushels per acre, is unchanged from the previous estimate. A table with 2019 acreage, yield, and production estimates by States is included on page 19 of this report.
All wheat stored in all positions on September 1, 2020 totaled 2.16 billion bushels, down 8 percent from a year ago. On-farm stocks are estimated at 705 million bushels, down 4 percent from last September. Off-farm stocks, at 1.45 billion bushels, are down 10 percent from a year ago. The June - August 2020 indicated disappearance is 695 million bushels, up 4 percent from the same period a year earlier.
Soybean Stocks Down 42 Percent
All Wheat Stocks Down 8 Percent
Old crop corn stocks in all positions on September 1, 2020 totaled 2.00 billion bushels, down 10 percent from September 1, 2019. Of the total stocks, 751 million bushels are stored on farms, down 8 percent from a year earlier. Off-farm stocks, at 1.24 billion bushels, are down 12 percent from a year ago. The June - August 2020 indicated disappearance is 3.02 billion bushels, compared with 2.98 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 2019 corn for grain production is revised up 2.67 million bushels from the previous estimate. Corn silage production is revised up 715 thousand tons. Planted area is revised to 89.7 million acres, and area harvested for grain is revised to 81.3 million acres. Area harvested for silage is revised to 6.62 million acres. The 2019 grain yield, at 167.5 bushels per acre, is up 0.1 bushel from the previous estimate. The 2019 silage yield, at 20.2 tons per acre, remains unchanged from the previous estimate. A table with 2019 acreage, yield, and production estimates by States is included on pages 17 and 18 of this report.
Old crop soybeans stored in all positions on September 1, 2020 totaled 523 million bushels, down 42 percent from September 1, 2019. Soybean stocks stored on farms totaled 141 million bushels, down 47 percent from a year ago. Off-farm stocks, at 382 million bushels, are down 41 percent from last September. Indicated disappearance for June - August 2020 totaled 858 million bushels, down 2 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 2019 soybean production is revised down 333 thousand bushels from the previous estimate. Planted area is unchanged at 76.1 million acres, but harvested area is revised to 74.9 million acres. The 2019 yield, at 47.4 bushels per acre, is unchanged from the previous estimate. A table with 2019 acreage, yield, and production estimates by States is included on page 19 of this report.
All wheat stored in all positions on September 1, 2020 totaled 2.16 billion bushels, down 8 percent from a year ago. On-farm stocks are estimated at 705 million bushels, down 4 percent from last September. Off-farm stocks, at 1.45 billion bushels, are down 10 percent from a year ago. The June - August 2020 indicated disappearance is 695 million bushels, up 4 percent from the same period a year earlier.
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