USDA: US soybean ending stocks down 51% from September 2020
September 30, 2021
BY Erin Voegele
The USDA’s National Agricultural Statistics Service released data on Sept. 30 reporting that old crop soybeans stored in all positions totaled 256 million bushels as of Sept. 1, down 51 percent when compared to Sept. 1, 2020.
Soybean stocks stored on farms totaled 68.1 million bushels, down 52 percent from a year ago. Off-farm stocks, at 188 million bushels, were down 51 percent from last September. Indicated disappearance for June-August 2021 totaled 513 million bushels, down 40 percent from the same period of last year.
With the latest marketing year complete as of Aug. 31, the USDA revised 2020 soybean production up 2 percent from the previous estimate. Soybean planted area for 2020 is revised to 83.4 million acres, with harvested area revised to 82.6 million acres. The 2020 yield, at 51 bushels per acre, is up 0.8 bushels from the previous estimate.
Advertisement
Advertisement
Related Stories
U.S. operatable biofuels capacity increased slightly in January, with gains for ethanol, according to the U.S. EIA’s Monthly Biofuels Capacity and Feedstock Update, released March 31. Feedstock consumption was down when compared to December.
U.S. farmers are expected to plant 83.5 million acres of soybeans in 2025, down 4% when compared to last year, according to the USDA National Agricultural Statistics Service’s annual Prospective Plantings report, released March 31.
ADM and Mitsubishi Corp. on March 27 announced the signing of a non-binding memorandum of understanding (MOU) to form a strategic alliance to explore potential areas of future collaboration across the agriculture value chain.
China’s exports of used cooking oil (UCO) reached a record high in 2024 but fell sharply in December after the Chinese government eliminated the 13% export tax rebate for UCO, according to a report filed with the USDA.
Ash Creek Renewables, a portfolio company of Tailwater Capital LLC, on March 20 announced it has secured exclusive licensing rights from Montana State University for a new high-performance camelina seed variety.
Upcoming Events
