Grain stocks up, says USDA

Washington-The U.S. Department of Agriculture on Sept. 30 released data indicating that Sept. 1 corn stocks are up 2 percent, soybeans 9 percent, and wheat 11 percent from year-ago levels. This negatively impacted grain prices at a time when they were already in question. Old crop corn stocks in all positions on Sept. 1, 2010, totaled 1.71 billion bushels, up 2 percent from September 1, 2009. Old crop soybeans stored in all positions on Sept. 1 totaled 151 million bushels, up 9 percent from the year-ago point. All wheat stored in all positions on Sept. 1 totaled 2.46 billion bushels, up 11 percent from a year ago.