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September ’13 USDA Grain Stocks Report

  • September 30, 2013
  • by wbabler
September ’13 USDA Stocks Report
  • Corn – Bearish
    • Projections of 824 million were above expectations with average trade estimates near 681 million bushels.
    • This will only have a nominal impact on the 2013/2014 balance sheet projections.
  • Soybeans – Bearish
    • Projections were near expectations at 141 million bushels versus average estimates of 124 million and last year came in at 169 million.
    • This will only have a nominal impact on the 2013/2014 balance sheet projections.
  • Wheat – Bullish
    • Projections were below expectations with 1.855 billion bushels compared to average estimates of 1.913 billion and 2.105 billion last year.
http://usda01.library.cornell.edu/usda/current/GraiStoc/GraiStoc-09-30-2013.pdf  
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Atten Babler Risk Management LLC
11406 US Route 20 W
Galena, IL 61036
800-884-8290
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