is part of the Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

  • American Agriculturist
  • Beef Producer
  • Corn and Soybean Digest
  • Dakota Farmer
  • Delta Farm Press
  • Farm Futures
  • Farm Industry news
  • Indiana Prairie Farmer
  • Kansas Farmer
  • Michigan Farmer
  • Missouri Ruralist
  • Nebraska Farmer
  • Ohio Farmer
  • Prairie Farmer
  • Southeast Farm Press
  • Southwest Farm Press
  • The Farmer
  • Wallaces Farmer
  • Western Farm Press
  • Western Farmer Stockman
  • Wisconsin Agriculturist
soybean-harvest.

Market surprise from grain stocks report?

USDA released their September quarterly stocks report and the markets are lower across the board.  No real surprises in my opinion! Some of you however might be surprised when you see the soybean market lower on sub-100 million ending stocks numbers.

Keep in mind, the quarterly stocks report by the USDA is basically a look through the rear-view mirror.  In other words who really cares about the ending stocks shrinking by 34 million bushels when its happening behind our vehicle. Especially when the fast and smart drivers can clearly see a tsunami of soybeans heading their direction through the front windshield? Remember, trading is more about market psyche than it is about the actual data and news. As always, perception is everything!     

Get my daily report.

 

US Grain Stocks (In billions of bushels)

 
Sep. #
Avg. Estimate
Range of Estimates
June 1,
2014

Sep 1,
2013

Corn
1.236
1.185
1.020 - 1.350
3.854
0.821
Soybeans
0.092
0.126
0.100 - 0.150
0.405
0.141
Wheat
1.914
1.880
1.707 - 1.980
0.590
1.870
 

 

 

TAGS: Soybean Corn
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish