Old-crop corn stocks in all positions on Sept. 1, 2011 totaled 1.13 billion bushels, down 34% from Sept. 1, 2010. Of the total stocks, 315 million bushels are stored on farms, down 35% from a year earlier. Off-farm stocks, at 813 million bushels, are down 33% from a year ago. The June-August 2011 indicated disappearance is 2.54 billion bushels, compared with 2.60 billion bushels during the same period last year.

Old-crop soybeans stored in all positions on Sept. 1, 2011 totaled 215 million bushels, up 42% from Sept. 1, 2010. Soybean stocks stored on farms totaled 48.5 million bushels, up 37% from a year ago. Off-farm stocks, at 166 million bushels, are up 44% from last September. Indicated disappearance for June-August 2011 totaled 405 million bushels, down 4% from the same period a year earlier.

Based on an analysis of end-of-marketing year stock estimates, disappearance data for exports and crushings, and farm program administrative data, the 2010 soybean production is revised down fractionally from the previous estimate. Harvested area is revised down 6,000 acres.

Get the complete Sept. 30, 2011 report online.