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US Quarterly Grain Stock Report - Wheat Inventory Down

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    US Quarterly Grain Stock Report - Wheat Inventory Down

    Quarterly Grain Stocks Summary - 1/12/2007



    OMAHA (DTN) -- National Agricultural Statistics Service (NASS), Agricultural
    Statistics Board, U.S. Department of Agriculture released its Quarterly Grain
    Stocks report Friday with corn and wheat stocks down, soybeans up.
    Corn stored in all positions on December 1, 2006 totaled 8.93 billion bushels,
    down 9 percent from December 1, 2005. Of the total stocks, 5.63 billion bushels
    are stored on farms, down 11 percent from a year earlier. Off-farm stocks,
    at 3.30 billion bushels, are down 5 percent from a year ago. The September
    - November 2006 indicated disappearance is 3.57 billion bushels, compared
    with 3.41 billion bushels during the same period last year.
    Soybeans stored in all positions on December 1, 2006 totaled 2.70 billion
    bushels, up 8 percent from December 1, 2005. Soybean stocks stored on farms
    totaled 1.46 billion bushels, up 9 percent from a year ago. Off-farm stocks,
    at 1.24 billion bushels, are up 7 percent from last December. Indicated disappearance
    for September-November 2006 totaled 940 million bushels, up 15 percent from
    the same period a year earlier.

    All wheat stored in all positions on December 1, 2006 totaled 1.31 billion
    bushels, down 8 percent from a year ago. On-farm stocks are estimated at 403
    million bushels, down 21 percent from last December. Off-farm stocks, at 911
    million bushels, are down 1 percent from a year ago. The September - November
    2006 indicated disappearance is 436 million bushels, down 12 percent from
    the same period a year earlier.
    Durum wheat stored in all positions on December 1, 2006 totaled 47.5 million
    bushels, down 42 percent from a year ago. On-farm stocks, at 23.9 million
    bushels, are down 59 percent from December 1, 2005. Off-farm stocks totaled
    23.6 million bushels, down 3 percent from a year ago. The September - November
    2006 indicated disappearance of 15.5 million bushels is down 20 percent from
    the same period a year earlier. Barley stored in all positions on December
    1, 2006 totaled 173 million bushels, down 17 percent from December 1, 2005.

    On-farm stocks are estimated at 83.7 million bushels, 19 percent below
    a year ago. Off-farm stocks, at 89.1 million bushels, are 15 percent below
    December 2005. The September-November 2006 indicated disappearance is 40.1
    million bushels, 15 percent below the same period a year earlier.
    Oats stored in all positions on December 1, 2006 totaled 96.2 million bushels,
    1 percent above the stocks on December 1, 2005. Of the total stocks on hand,
    53.0 million bushels are stored on farms, down 12 percent from a year ago.

    Off-farm stocks totaled 43.2 million bushels, up 21 percent from the previous
    year. Indicated disappearance during September-November 2006 totaled 3.84
    million bushels, down 78 percent from the same period a year ago.
    Grain sorghum stored in all positions on December 1, 2006 totaled 207 million
    bushels, down 29 percent from a year ago. On-farm stocks, at 38.1 million
    bushels, are down 31 percent from December 1 last year. Off-farm stocks, at
    169 million bushels, are down 28 percent from a year earlier. The September-November
    2006 indicated disappearance from all positions is 137 million bushels, down
    14 percent from the same period in 2005.
    Pulse crops stored in all positions on December 1, 2006 and the change
    from December 1, 2005 are: dry edible peas, 6.28 million cwt, down 3 percent;
    lentils, 2.78 million cwt, down 8 percent; Austrian winter peas, 260,000 cwt,
    down 7 percent; all chickpeas, 821,000 cwt, up 35 percent; small chickpeas,
    40,000 cwt, down 57 percent; and large chickpeas, 781,000 cwt, up 51 percent.
    Small chickpeas are defined as peas that will pass through a 20/64 inch round
    hole screen.
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