According to the U.S. Department of Agriculture grain stocks report published Friday, all wheat stored both on and off the farm in the United States as of September 1, 2011 totaled 2.15 billion bushels. That was down 12 percent from a year ago. On-farm stocks were estimated at 642 million bushels, down 21 percent from last September. Off-farm stocks, at 1.51 billion bushels, were down 8 percent from a year ago.
All that said, how did our wheat stocks do?
Montana: At 189,726 bushels, the state has just over 19{fe867fa2be02a5a45e8bbb747b653fe2e9d0331fd056b85cd0c1a3542435a96e} less wheat in storage than it had at this time in 2010. Of that, the majority (160,000 bu) is being stored on-farm.
North Dakota: At 229,470 bushels, the state has roughly 38.5{fe867fa2be02a5a45e8bbb747b653fe2e9d0331fd056b85cd0c1a3542435a96e} less wheat in storage that it did at this time in 2010. Of that, 160,000 bushels is being stored on-farm and 69,470 off-farm.
South Dakota: At 95,436 bushels, the state has just under 19{fe867fa2be02a5a45e8bbb747b653fe2e9d0331fd056b85cd0c1a3542435a96e} less wheat in storage than it had at this time in 2010. Of that, 58,000 is being stored on-farm.
Wyoming: State data for Wyoming has been withheld to avoid disclosing data for individual operations.
While the drops were quite substantial in our region, the report (READ IT HERE) was seen as generally neutral for wheat overall. The corn stocks number, however, shocked traders and analysts coming in 164 million bushels more than the average guess and weighed on the other grains during Friday’s trade.
© Northern Ag Network 2011
Haylie Shipp
