USDA Quarterly Stocks Report Highlights

USDA's Quarterly Grain Stocks report indicated corn stocks as of September 1 were 1.624 billion bushels, about 83 million bushels more than the average pre-report estimate of 1.541 bb and 320 mb more than the 1.304 bb for the same period a year ago.

Soybean stocks September 1 were 205m bu, compared to an average of 145m bu for pre-report estimates and 574m bu a year ago. For soybeans, June-August indicated disappearance was 471 million bushels, down 9 percent from the same period a year earlier.

Wheat stocks September 1 were 1.857 bb, compared to an average of 1.909 bb for pre-report estimates and 1.717 bb a year ago.