USDA Releases Final Grain Stocks Estimates

The Final Grain Stocks Report may be the last key figures we see if a government shutdown halts future updates.

WASHINGTON (RFD-TV) — The U.S. Department of Agriculture (USDA) released its Final Grain Stocks Report on Tuesday, providing key figures that may be the last we see if a government shutdown halts future updates.

CommodityEstimatesTrade Guess
Corn1.53 BB1.34 BB
Soy316 MB323 MB
Wheat2.12 BB2.04 BB

While soybean growers work to bring in this year’s crop, selling it remains a challenging task. The American Soybean Association warns that the U.S. is losing competitiveness after China recently turned to Argentina for supplies.

“If we can be competitive with beans, we can get them moved like they did with Argentina,” says ASA Vice President Scott Metzger. “Those could’ve easily been our beans going over there. It shows that if that opportunity is there, China is willing to buy.”

The grain trade says the numbers underscore broader concerns as China steps back from U.S. purchases. The National Corn Growers Association calls the situation a “four-alarm fire” and is urging Congress to act quickly to remove market barriers.

Related Stories
What is it like working cattle with an outbreak of New World Screwworm so close to home? Wayne Cockrell, with the Texas and Southwestern Cattle Raisers Association, joined us on Wednesday to discuss.
Argentina hopes to boost demand, but critics see the move as a blow to American farmers.
Kevin Charleston with Specialty Risk Insurance joined us Tuesday to share his perspective on farm safety and risk management during fall harvest.
Herd rebuilding looks slow, keeping cattle prices supported; beef-on-dairy crosses help fill feedlots, while imports temper—but don’t erase—tightness.
China is making strategic moves by purchasing more soybeans from Argentina and may soon follow the EU and reopen its market to Brazilian chicken exports.
Farmers should watch for soybean export rebounds with harvest, while corn and wheat shipments remain strong and sorghum demand struggles.
Rollins says the new trade relationship with Taiwan, which is committed to buying a significant amount of U.S. soy, could not come at a better time for farmers facing financial strain.
According to the most recent version of the Household Food Security Report for 2022-2023, food insecurity is on the rise in the U.S.
Cindy Kovar with AgriSafe joined us on Monday’s Market Day Report to talk about road safety and agriculture as we age.

Agriculture Shows
From soil to harvest. Top Crop is an all-new series about four of the best farmers in the world—Dan Luepkes, of Oregan, Illinois; Cory Atley, of Cedarville, Ohio; Shelby Fite, of Jackson Center, Ohio; Russell Hedrick, of Hickory, North Carolina—reveals what it takes for them to make a profitable crop. It all starts with good soil, patience, and a strong planter setup.
Champions of Rural America is a half-hour dive into the legislative priorities for Rural America. Join us as we interview members of the Congressional Western Caucus to learn about efforts in Washington to preserve agriculture and tackles the most important topics in the ag industry on Champions of Rural America!
Featuring members of Congress, federal and state officials, ag and food leaders, farmers, and roundtable panelists for debates and discussions.
The goal of “Where the Food Comes From” is as simple as its name implies — host Chip Carter takes you along on the journey of where our food comes from — and we don’t just mean to the supermarket (though that’s part of the big picture!). But beyond where it comes from, how it gets there, and all the links in the chain that make that happen.
Join markets specialist Scott Shellady, better known as the Cow Guy, as he covers the market-close, breaking down headlines that drive the commodities and equities markets with commentary from respected industry heavyweights.