NEWS
USDA Reports Summary
Katie Micik DTN Markets Editor
Tue Sep 30, 2014 11:00 AM CDT

WASHINGTON (DTN) -- USDA pegged soybean stocks as of Sept. 1 at 92 million bushels, below the range of pre-report expectations and average expectation for 130 mb leftover from last year's production.

USDA revised 2013 soybean production upwards by 69.2 mb to 3.36 billion bushels in its quarterly Grain Stocks report. USDA increased harvested area by 384,000 acres and increased the average yield to 44 bushels per acre, up 0.7 bushels from the previous estimate.

Corn ending stocks, at 1.236 billion bushels, fell within the range of pre-report expectations. USDA said 462 million bushels were stored on-farm, 68% more than ...

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