According to our analysis soybeans (ZS) futures prices moved around 36 ticks on USDA Grain Stocks data on 29 September 2023.

Soybeans (36 ticks)

Charts are exported from JForex (Dukascopy).

In the USDA Grain Stocks report dated September 29, 2023, the following key information is highlighted:

Corn Stocks:

  • Old crop corn stocks as of September 1, 2023, amounted to 1.36 billion bushels, down 1 percent from the same date in the previous year.

  • On-farm stocks increased by 19 percent compared to the previous year, totaling 605 million bushels, while off-farm stocks decreased by 13 percent to 756 million bushels.

  • Indicated disappearance for June - August 2023 was 2.75 billion bushels, lower than the previous year.

  • The 2022 corn production was revised down by 15.0 million bushels, with adjustments to planted area, harvested area, yield, and production.

Soybean Stocks:

  • Old crop soybean stocks as of September 1, 2023, totaled 268 million bushels, down 2 percent from the previous year.

  • On-farm stocks increased by 14 percent to 72.0 million bushels, while off-farm stocks decreased by 7 percent to 196 million bushels.

  • Indicated disappearance for June - August 2023 was 528 million bushels, down 24 percent from the previous year.

  • The 2022 soybean production was revised down by 5.93 million bushels, with adjustments to harvested area, yield, and production.

All Wheat Stocks:

  • All wheat stored in all positions on September 1, 2023, totaled 1.78 billion bushels, a slight increase from the previous year.

  • On-farm stocks increased by 1 percent to 598 million bushels, while off-farm stocks decreased by less than 1 percent to 1.18 billion bushels.

  • Indicated disappearance for June - August 2023 was 614 million bushels, up 8 percent from the previous year.

A special note emphasizes that the marketing year for corn and soybeans has concluded, leading to a review of the balance sheet and revisions in acreage, yield, and production for the 2022 crop. These statistics provide valuable insights into stock levels and production changes for corn, soybeans, and wheat, crucial for agricultural planning and market analysis.

Source: https://downloads.usda.library.cornell.edu/usda-esmis/files/xg94hp534/ww72cv37d/3j334m45p/grst0923.pdf

Haawks G4A is the fastest machine-readable data feed for USDA data. We are beating big names in the industry by seconds. Coverage includes monthly USDA WASDE (World Agricultural Supply and Demand Estimates), quarterly USDA Grain Stocks and yearly USDA Prospective Plantings and USDA Acreage.

Please let us know your feedback. If you are interested in timestamps, please send us an email to sales@haawks.com.

Comment