Corn stocks below trade expectations

USDA’s quarterly grain stocks data showed YOY increases for corn, soybeans and wheat. Corn stocks were pegged at 1.376 billion bu., below the average trade estimate of 1.512 bb, with soybeans 32 million bu. higher.

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(USDA)

Quarterly Grain Stocks Report

Corn – billion bu.

USDA Sept. 1, 2022

1.376

Average est.

1.512

USDA June 1, 2022

4.346

USDA Sept. 1, 2021

1.235

Soybeans – million bu.

USDA Sept. 1, 2022

273

Average est.

242

USDA June 1, 2022

971

USDA Sept. 1, 2021

257

Wheat – billion bu.

USDA Sept. 1, 2022

1.776

Average est.

1.776

USDA June 1, 2022

0.660

USDA Sept. 1, 2021

1.774

U.S. Wheat Production

All wheat – billion bu.

USDA

1.649

Average est.

1.778

USDA August

1.783

Winter wheat – billion bu.

USDA

1.104

Average est.

1.191

USDA August

1.198

HRW wheat – million bu.

USDA

531

Average est.

573

USDA August

576

SRW wheat – million bu.

USDA

336

Average est.

379

USDA August

381

White winter wheat – million bu.

USDA

226

Average est.

238

USDA August

240

Other spring wheat – million bu.

USDA

482

Average est.

514

USDA August

512

Durum wheat – million bu.

USDA

64

Average est.

74

USDA August

74