September ’13 USDA Grain Stocks Report
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.