Dec. 1 U.S. wheat, corn stocks down from 2010

by World Grain Staff
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WASHINGTON, D.C., U.S. — Wheat stored in all positions on Dec. 1, 2011, totaled 1,656,423,000 bushels, down 14% from 1,932,946,000 bushels on Dec. 1, 2010, the U.S. Department of Agriculture (USDA) said Jan. 12 in its quarterly Grain Stocks report. Dec. 1 corn stocks were down 4% from a year ago at 9,641,903,000 bushels, but soybean stocks were up 4% at 2,365,784,000 bushels.

The USDA wheat number was below the average trade expectation of 1.679 billion bushels, but USDA numbers were above average trade estimates for corn of 9.400 billion bushels and for soybeans of 2.312 billion bushels.

On-farm stocks of wheat were 405,000,000 bushels, down 26% from 550,000,000 bushels a year ago, while off-farm stocks were 1,251,423,000 bushels, down 10% from 1,382,946,000 bushels last year. Indicated disappearance of wheat during the September-November period was 490 million bushels, down 5% from the same period last year, the USDA said.

Durum stocks were 47,780,000 bushels, down 30% from 68,342,000 bushels a year ago. On-farm stocks of 24,500,000 bushels were down 47% from a year ago while off-farm stocks of 23,280,000 bushels were up 7%. Indicated disappearance during the September-November period was 15.9 million bushels, down 50% from a year ago, the USDA said.

On farm stocks of corn totaled 6,175,000,000 bushels on Dec. 1, down 2% from a year earlier, while off-farm supplies were 3,466,903,000 bushels, down 8%. Indicated disappearance of corn during the September-November period was 3.84 billion bushels, down 6% from 4.1 billion bushels in the same period last year, the USDA said.

On-farm soybean stocks were 1,138,500,000 bushels, up 4% from Dec. 1, 2010, while off-farm stocks totaled 1,227,284,000 bushels, up 3%. Indicated disappearance during September-November was 905 million bushels, down 25% from the same period a year earlier.

Dec. 1 stocks of other grains were: barley, 133,604,000 bushels, down 26% from 2010; oats, 78,633,000 bushels, down 22%; and grain sorghum, 149,833,000 bushels, down 37%, the USDA said.

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