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

by Jay Sjerven
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WASHINGTON – The National Agricultural Statistics Service of the U.S. 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 U.S.D.A. estimated corn stored in all positions on Dec. 1, 2013, at 10.4 billion bus, up 30% from a year earlier. The average of pre-report trade estimates was about 10.8 million bus. The September-November 2013 indicated disappearance was 4.32 billion bus compared with 3.74 billion bus during the same period in 2012.

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

The U.S.D.A. estimated Dec. 1, 2013, wheat stocks at 1.46 billion bus, down 12% from a year earlier. The estimate was a bit higher than the average of pre-report trade estimates at 1.41 billion bus. Indicated disappearance of wheat in September-November 2013 was 407 million bus, down 6% from the same time frame in 2012.
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