Grain Stocks Estimates Provide Surprises
US - The USDA has released the September 1 Grain Stocks and Small Grains reports. The Grain Stocks report contained estimates of the magnitude of old crop corn and soybean inventories at the end of the 2011-12 marketing year and the inventory of wheat at the end of the first quarter of the 2102-13 marketing year. The Small Grains report contained the final estimate of the size of the 2012 US wheat crop. Following is a brief summary of the information contained in the reports.