WASHINGTON, D.C., U.S. — Wheat stored in all positions on Sept. 1 totaled 2,088,957,000 bushels up 10% from 1,907,220,000 bushels on Sept. 1, 2014, the U.S. Department of Agriculture (USDA) said in its latest Grain Stocks report. Sept. 1 old crop corn stocks were up 41% from last year at 1,731,310,000 bushels, and old crop soybean stocks were up 108% at 191,425,000 bushels.

The USDA wheat stocks number was below the average pre-report trade expectation of 2.165 billion bushels, the corn number was slightly below the trade average of 1.735 billion bushels, and the soybean number also was below the trade average of 204 million bushels.

Wheat futures traded higher after the report, helped by bullish numbers in the USDA’s Small Grains 2015 Summary, while corn and soybean futures traded mostly lower.

On-farm stocks of wheat were 647,000,000 bushels, down 9% from 713,450,000 a year ago, while off-farm stocks were 1,441,957,000 bushels, up 21% from 1,193,770,000 bushels. Indicated disappearance of wheat during the June-August period was 716 million bushels, up 1% from the same period last year, the USDA said.

Durum stocks were 73,842,000 bushels, up 28% from 57,821,000 bushels a year ago. On-farm stocks of 44,400,000 bushels were up 15% from 38,700,000 bushels a year ago while off-farm stocks of 29,442,000 bushels were up 54% from 19,121,000 bushels. Indicated disappearance during the June-August period was 34.3 million bushels, up 93% from a year ago, the USDA said.

On-farm stocks of old crop corn totaled 593,000,000 bushels on Sept. 1, up 28% from 462,000,000 bushels a year earlier, while off-farm supplies were 1,138,310,000 bushels, up 48% from 769,904,000 bushels. Indicated disappearance of corn during the June-August period was 1.94 billion bushels, down 10% from 2.72 billion bushels, up 4% from the same period last year, the USDA said.

Old crop on-farm soybean stocks were 49,700,000 bushels, up 133% from 21,325,000 bushels on Sept. 1, 2014, while off-farm stocks totaled 141,725,000 bushels, up 101% from 70,666,000 bushels. Indicated disappearance during June-August was 436 million bushels, up 39% from the same period last year.

Sept. 1 stocks of other grains were: barley, 218,515,000 bushels, up 22% from 2014; oats, 93,291,000 bushels, up 26%; old crop grain sorghum, 18,414,000 bushels, down 46%; and old crop sunflower seed, 237,637,000 lbs, up 19%, including 79,210,000 lbs of oil type, down 30%, and 158,427,000 lbs of non-old type, up 82%.

“Based on an analysis of end-of-marketing year stock estimates, disappearance data for exports and crushings, and farm program administrative data, the 2014 soybean production is revised to 3,927,090,000 bushels, down 41,733,000 bushels from the previous estimate (3,968,823,000 bushels),” the USDA said. “Planted area is revised down 425,000 acres to 83.3 million acres, and harvested area is revised down 470,000 acres to 82.6 million acres. The 2014 yield, at 47.5 bushels an acre, is down 0.3 bushel from the previous estimate.”