September 30, 2009

Missouri Corn Stocks Up From Year Ago, Soybeans Down Sharply

(Columbia, MO) -Inventory of old crop corn in all positions in Missouri on September 1, 2009 totaled 39.3 million bushels, up 16 percent from the level of a year earlier. On-farm stocks accounted for 15.0 million bushels, up 15 percent from a year ago, while off-farm positions totaled 24.3 million bushels, up 16 percent.

Missouri old crop soybean stocks in all positions on September 1, 2009 totaled 4.58 million bushels, down 51 percent from last year’s third quarter inventory. On-farm stocks in the state totaled 1.30 million bushels, down 60 percent from a year earlier, while 3.28 million bushels were in off-farm positions, 46 percent below last year at this time.

September 1, 2009 wheat stocks in Missouri totaled 33.3 million bushels, down 17 percent from the third quarter of last year. There were 4.90 million bushels on farms, down 51 percent from a year earlier when wheat stocks on farms were at the highest level since 1998. Off-farm stocks totaled 28.4 million bushels, down 5 percent.

Old crop sorghum stocks in Missouri on September 1, 2009 totaled 762,000 bushels, 29 percent below last year. Sorghum on farms accounted for 200,000 bushels, down 64 percent from September 2008, while 562,000 bushels were off-farm, 7 percent above a year earlier.

United States Corn Stocks Up 3 Percent from September 2008,
Soybean Stocks Down 33 Percent, All Wheat Stocks Up 19 Percent

Old crop corn stocks in all positions on September 1, 2009 in the U. S. totaled 1.67 billion bushels, up 3 percent from September 1, 2008. Of the total stocks, 608 million bushels are stored on farms, up 22 percent from a year earlier. Off-farm stocks, at 1.07 billion bushels, are down 5 percent from a year ago. The June - August 2009 indicated disappearance is 2.59 billion bushels, compared with 2.40 billion bushels during the same period last year.

U. S. old crop soybeans stored in all positions on September 1, 2009 totaled 138 million bushels, down 33 percent from September 1, 2008. Soybean stocks stored on farms totaled 35.1 million bushels, down 25 percent from a year ago. Off-farm stocks, at 103 million bushels, are down 35 percent from last September. Indicated disappearance for June - August 2009 totaled 458 million bushels, down 3 percent from the same period a year earlier.

All wheat stored in all positions in the U.S. on September 1, 2009 totaled 2.22 billion bushels, up 19 percent from a year ago. On-farm stocks are estimated at 840 million bushels, up 32 percent from last September. Off-farm stocks, at 1.38 billion bushels, are up 12 percent from a year ago. The June - August 2009 indicated disappearance is 661 million bushels, down 30 percent from the same period a year earlier.

Oats stored in all positions on September 1, 2009 in the U.S. totaled 128 million bushels, 8 percent above the stocks on September 1, 2008. Of the total stocks on hand, 54.5 million bushels are stored on farms, 3 percent higher than a year ago. Off-farm stocks totaled 74.0 million bushels, 12 percent above the previous year. Indicated disappearance during June - August 2009 totaled 48.9 million bushels, compared with 36.8 million bushels during the same period a year ago.

U.S. old crop grain sorghum stored in all positions on September 1, 2009 totaled 54.7 million bushels, up 4 percent from a year ago. On-farm stocks, at 4.40 million bushels, are up 24 percent from last year. Off-farm stocks, at 50.3 million bushels, are up 2 percent from September 1, 2008. The June - August 2009 indicated disappearance from all positions is 47.5 million bushels, down 2 percent from the same period a year ago.

Missouri Wheat Production Down 38 Percent From Last Year

Missouri produced 34.3 million bushels of winter wheat in 2009, down 38 percent from last year’s production and 970,000 bushels below the August 1 forecast. Farmers planted 780,000 acres, of which 730,000 were harvested for grain, 10,000 more than previously forecast. Yield of 47 bushels per acre is 1 bushel below last year and 2 bushels below the August 1 projection.

Missouri oat production in 2009 totaled 495,000 bushels, 50 percent more than the 2008 record low crop, but still the third smallest crop on record. There were 15,000 planted acres, unchanged from the record low a year earlier. Acres harvested for grain totaled 9,000 acres, also 50 percent more than last years record low and the third smallest harvested acreage on record. The state oat yield averaged 55 bushels per acre, the same as the 2008 yield.

United States Wheat Production 11 Percent Below Year Earlier

U.S. all wheat production totaled 2.22 billion bushels in 2009, up 2 percent from the August forecast but down 11 percent from 2008. Grain area is 50.1 million acres, down 10 percent from last year. The U.S. yield is 44.4 bushels per acre, down 0.5 bushel from last year. The levels of production and changes from last year by type are: winter wheat, 1.52 billion bushels, down 18 percent; other spring wheat, 588 million bushels, up 7 percent; Durum wheat, 110 million bushels, up 31 percent.

Oat production in the U.S. is estimated at 93.3 million bushels, 1 percent above the August forecast and up 5 percent from last year's record low production. Yield is estimated at a record high 67.6 bushels per acre, up 3.1 bushels from the last forecast and up 3.9 bushels from the previous year. Harvested area, at 1.38 million acres, is 3 percent below August and 2 percent below last year. This is the smallest acreage harvested for grain on record, continuing a steady downward trend.