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September Quarterly Grain Stocks & Small Grains Annual Summary

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It seems of it as if most USDA reports recently have added to our surpluses. That was the case again with today’s report. Numbers were bigger on ending stocks carried into the new year than traders anticipated.

 

USDA Quarterly Grain Stocks (billion bushels)
 
USDA
Sept 2018
Average Estimate
Range of Estimates
USDA
Sept 2017
Corn
2.140
2.010
1.953-2.099
2.293
Soybeans
0.438
0.398
0.378-0.430
0.302
Wheat
2.379
2.344
1.855-2.440
2.266
USDA Wheat Production (billion bushels)
 
USDA
Sept 2018
Average Estimate
Range of Estimates
USDA
Sep WASDE
All Wheat
1.884
1.873
1.848-1.907
1.877
All Winter
1.184
1.188
1.170-1.200
1.189
Hard Red
0.662
0.661
0.655-0.666
0.661
Soft Red
0.286
0.291
0.285-0.294
0.292
White Winter
0.236
0.237
0.230-0.247
0.236
Other Spring
0.624
0.610
0.591-0.635
0.614
Durum
0.077
0.073
0.070-0.080
0.073

Source: USDA

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These data and comments are provided for information purposes only and are not intended to be used for specific trading strategies. This commentary is written as a daily marketing tool to help farmers sell the grain they raise. Although all information is believed to be reliable, we cannot guarantee its accuracy or completeness. Past performance and testimonials are not necessarily indicative of future results. Commodity trading involves the risk of loss, and you should fully understand those risks before trading.