September Quarterly Stocks
Sep 30, 2024
9-30-24
September 2024 Quarterly Stocks
Corn
The USDA pegged the September Corn stocks at 1.76 bln bu, about 80 mln bu lower than expected. Likely implies higher feed demand as the USDA did not make any significant changes to 2023 crop production.
Soybeans
No drastic changes to the soybeans in this report. Stocks came in at 342 mln bu, about 9 mln lower than the average guess.
Wheat
All wheat production came in at 1.971 bil bu, up roughly 5 mln bu from the average guess. Hard red wheat production was pegged at 770 mln bu, pretty much in line with the average guess. Quarterly stocks on wheat were well within the average trade guess as well. No drastic changes on the wheat front.
September 2024 Quarterly Stocks
Corn
The USDA pegged the September Corn stocks at 1.76 bln bu, about 80 mln bu lower than expected. Likely implies higher feed demand as the USDA did not make any significant changes to 2023 crop production.
Soybeans
No drastic changes to the soybeans in this report. Stocks came in at 342 mln bu, about 9 mln lower than the average guess.
Wheat
All wheat production came in at 1.971 bil bu, up roughly 5 mln bu from the average guess. Hard red wheat production was pegged at 770 mln bu, pretty much in line with the average guess. Quarterly stocks on wheat were well within the average trade guess as well. No drastic changes on the wheat front.