Dec. 1, 2013, corn and soybean stocks up from 2012

by Jay Sjerven
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WASHINGTON – The National Agricultural Statistics Service of the US Department of Agriculture on Jan. 10 reported Dec. 1, 2013, stocks of corn and soybeans were up from a year earlier while wheat stocks were lower.

The USDA estimated corn stored in all positions on Dec. 1, 2013, at 10.4 billion bushels, up 30 percent from a year earlier. The average of pre-report trade estimates was about 10.8 million bushels. The September-November 2013 indicated disappearance was 4.32 billion bushels compared with 3.74 billion bushels during the same period in 2012.

Soybeans stocks on Dec. 1, 2013, totaled 2.15 billion bushels, up 9 percent from Dec. 1, 2012. The estimate was close to the average of pre-report trade estimates at 2.17 billion bushels. Indicated disappearance for September-November 2013 was 1.28 billion bushels, up 4 percent from the same span in a year earlier.
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