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
Surging energy markets are quickly becoming a cost story for U.S. agriculture as crude oil climbs on supply fears tied to the Middle East conflict.
Strike risk adds volatility to already tight markets.
Logistics remain firm, but freight costs continue to rise.
Strong corn demand and cotton shipments support export outlook.
Fertilizer investigation may impact input costs and margins.
The American Coalition for Ethanol reacts as the Farm Bill heads to a full House vote — while ethanol expansion, including year-round E15, is left out — as well as the USDA’s pursuit of global markets for ethanol.

LATEST STORIES BY THIS AUTHOR:

Tight supplies are driving stronger early-year cattle prices.
Tony Adkins with Specialty Risk Insurance addresses current market challenges for farmers and ranchers and offers strategies to help producers navigate risk.
AFBF Women’s Leadership Committee Chair Isabella Chism joined us to discuss Ag Day planning, community involvement, and supporting the future of agriculture.
EPA Administrator Scott Mason shares updates on farm equipment regulations, regional accomplishments, and federal efforts supporting agriculture in honor of National Ag Day.
Sen. Roger Marshall joins us in honor of National Ag Day to share legislative updates, highlight key policy victories, and initiatives supporting farmers and rural communities he is championing in Washington.
Acreage shifts could impact pricing and marketing plans.