Quarterly grain industry brief

              DECEMBER 2011
QUARTERLY GRAIN INDUSTRY BRIEF
UNITED STATES GRAIN STOCKS
USDA-NASS
OKLAHOMA
FIELD OFFICE
Volume 2, Issue 4
Welcome to the fourth
issue of the Quarterly Grain
Industry Brief for 2011.
Again, I extend our thanks
to all participants from the
grain industry for their con-tinued
support and coopera-tion
– especially the eleva-tors
who provide data for
the quarterly Grain Stocks and
monthly Grain Prices Received
by Farmers surveys and pro-ducers
who provide data on
the quarterly Ag Surveys.
Without their commitment
and participation, this report
would not be available.
This publication is a compi-lation
of related reports is-sued
by USDA’s National
Agricultural Statistics Ser-vice
(NASS) in an effort to
provide a complete source of
statistics relevant to the
grain industry.
Though many of the statis-tics
in this publication can be
accessed through our web-site:
(www.nass.usda.gov/
Publications), this Oklahoma
Field Office summary will
be issued quarterly.
Please feel free to contact
our office with any com-ments
or questions you may
have. I hope you find this
information useful!
Wilbert Hundl, Jr., Director
USDA-NASS
Oklahoma Field Office
Data Source: USDA-NASS quarterly Grain Stocks report.
Stocks of Grain, United States,
December 1, 2011 and Comparable Quarters
1 Includes stocks at mills, elevators, warehouses, terminals, and processors.
2 Off-farm plus on-farm stocks.
3 Revised.
Wheat stored in all positions on December 1, 2011, totaled 1.66 billion bushels, down 14
percent from a year ago. Wheat stored in off-farm locations comprised 76 percent of the total
stocks.
Corn stocks stored in all positions on December 1, 2011, totaled 9.64 billion bushels, down 4
percent from December 1, 2010.
Sorghum stored in all positions on December 1, 2011, totaled 150 million bushels, down 37
percent from a year ago.
Soybean stocks in all positions on December 1, 2011, totaled 2.37 billion bushels, up 4 per-cent
from December 1, 2010.
Oat and barley stocks in all positions on December 1, 2011, totaled 79 and 134 million bush-els,
respectively.
Total U.S. grain storage capacity was reported at 22.9 billion bushels, up 3 percent for the
year. Commercial firms accounted for 44 percent of the total.
Item
Off-Farm1 Total All Positions2
Dec 1, 2010 Sep 1, 20113 Dec 1, 2011 Dec 1, 2010 Sep 1, 20113 Dec 1, 2011
1,000 Bushels 1,000 Bushels 1,000 Bushels 1,000 Bushels 1,000 Bushels 1,000 Bushels
United States
Barley 88,720 82,007 78,284 180,380 175,057 133,604
Oats 66,911 47,391 54,233 101,011 78,391 78,633
Corn 3,754,769 812,695 3,466,903 10,056,769 1,127,645 9,641,903
Soybeans 1,187,084 166,513 1,227,284 2,278,084 215,013 2,365,784
Sorghum 207,168 25,420 121,983 237,668 27,450 149,833
Wheat 1,382,946 1,513,669 1,251,423 1,932,946 2,146,669 1,656,423
Capacity 9,740,655 - 10,113,087 22,275,655 - 22,888,087
$8.00
$8.50
$9.00
$9.50
$10.00
$10.50
$11.00
$11.50
$12.00
$12.50
$13.00
Dec
2010
Jan
2011
Feb
2011
Mar
2011
Apr
2011
May
2011
Jun
2011
Jul
2011
Aug
2011
Sep
2011
Oct
2011
Nov
2011
Dec
2011
Dollars per Hundredweightt
Monthly Sorghum Prices Received by Farmers,
Oklahoma and United States, December 2010 - December 2011
OK Full Month US Full Month OK Mid-Month US Mid-Month
$5.50
$5.75
$6.00
$6.25
$6.50
$6.75
$7.00
$7.25
$7.50
$7.75
$8.00
$8.25
Dec
2010
Jan
2011
Feb
2011
Mar
2011
Apr
2011
May
2011
Jun
2011
Jul
2011
Aug
2011
Sep
2011
Oct
2011
Nov
2011
Dec
2011
Dollars per Bushel
Monthly Winter Wheat Prices Received by Farmers,
Oklahoma and United States, December 2010 - December 2011
OK Full Month US Full Month OK Mid-Month US Mid-Month
Item
Off-Farm1 Total All Positions2
Dec 1, 2010 Sep 1, 20113 Dec 1, 2011 Dec 1, 2010 Sep 1, 20113 Dec 1, 2011
1,000 Bushels 1,000 Bushels 1,000 Bushels 1,000 Bushels 1,000 Bushels 1,000 Bushels
Oklahoma
Barley 11 16 12 11 16 12
Oats 102 103 126 * * *
Corn 20,360 3,882 11,418 * * *
Soybeans * * * * * *
Sorghum 9,959 1,381 1,852 * * *
Wheat 124,415 114,120 98,101 127,415 122,020 100,601
Capacity 230,000 - 230,000 305,000 - 305,000
Wheat Stocks, Off-Farm and On-Farm,
Oklahoma , December 2010 - December 2011
Data Source: USDA-NASS quarterly Grain Stocks report.
PAGE 2 QUARTERLY GRAIN INDUSTRY BRIEF
WINTER WHEAT AND SORGHUM PRICES
OKLAHOMA GRAIN STOCKS
Data Source: USDA-NASS monthly Agricultural Prices report.
124,415
94,853
61,208
114,120
98,101
3,000
1,700
400
7,900
2,500
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
Dec
2010
Mar
2011
Jun
2011
Sep
2011
Dec
2011
Wheat Stocks
1,000 Bushels
Wheat Stocks, Off Farm and On Farm,
Oklahoma, December 2010- December 2011
Off Farm On Farm
Stocks of Grain, Oklahoma, December 1, 2011 and Comparable Quarters
1 Includes stocks at mills, elevators, warehouses, terminals, and processors.
2 Off-farm plus on-farm stocks.
3 Revised.
* Not published for Oklahoma but stocks are included in United States totals.
Oklahoma’s November 2011 sorghum price
was $10.20 per hundredweight, down 20 cents
from the October 2011 sorghum price. The De-cember
2011 mid-month sorghum price decreased
to $9.50 per hundredweight.
Prices for all commodities are published monthly in
the USDA-NASS Agricultural Prices report, released
around the last business day of the month.
Oklahoma wheat stored in all positions on December
1, 2011, totaled 100.6 million bushels, down 21 percent
from last year. Wheat stored in off-farm locations com-prised
98 percent of the total stocks.
Off-farm corn stocks totaled 11.4 million bushels, down
44 percent from a year ago.
The annual report of grain storage capacity showed no net
change over the past year. Oklahoma commercial facilities
were tallied at 230 million bushel capacity. On-farm capac-ity
as of December 1, 2011, was 75 million bushels.
Winter Wheat Prices Received by Farmers,
Oklahoma, December 2010 - December 2011
Sorghum Prices Received by Farmers,
Oklahoma, December 2010 - December 2011
Beginning in August 2011, the wheat price has
decreased for four consecutive months.
The November 2011 wheat price for Okla-homa
was $7.02 per bushel, down 20 cents from
the October 2011 wheat price. The December
2011 mid-month wheat price decreased to $6.17
per bushel.
VOLUME 2, ISSUE 4 PAGE 3
OKLAHOMA CROP UPDATE
Crop
Planted Harvested
Yield Per
Harvested Acre Unit
Production
2010 2011 2010 2011 2010 2011 2010 2011
1,000 Acres 1,000 Acres 1,000 Acres 1,000 Acres Number Number 1,000 1,000
Oklahoma
Winter Wheat 5,300 5,100 3,900 3,200 31.0 22.0 Bushels 120,900 70,400
Oats 45 35 9 5 33.0 40.0 Bushels 297 200
Rye 250 260 60 55 25.0 15.0 Bushels 1,500 825
All Corn 370 380 - - - - - -
Corn, Grain - - 340 190 130.0 90.0 Bushels 44,200 17,100
Corn, Silage - - 20 55 16.0 6.5 Tons 320 358
All Sorghum 280 300 - - - - - -
Sorghum, Grain - - 250 80 52.0 21.0 Bushels 13,000 1,680
Sorghum, Silage - - 12 12 7.0 5.0 Tons 84 60
All Cotton 285.0 415.0 270.0 70.0 750 432 (2) 422.0 63.0
Cottonseed - - - - - - Tons 146.0 22.0
All Hay - - 3,210 2,500 1.85 0.93 Tons 5,953 2,330
Alfalfa - - 310 200 3.30 1.30 Tons 1,023 260
All Other - - 2,900 2,300 1.70 0.90 Tons 4,930 2,070
Soybeans 500 440 475 265 25.0 13.0 Bushels 11,875 3,445
Peanuts 22 24 21 22 3,350 2,700 Pounds 70,350 59,400
Canola 60 100 56 85 1,600 1,000 Pounds 89,600 85,000
All Sunflowers 12.5 5.0 11.8 4.3 1,456 1,227 Pounds 17,180 5,275
Sunflower, Oil 11.0 4.5 10.5 3.9 1,500 1,250 Pounds 15,750 4,875
Sunflower, Non-oil 1.5 0.5 1.3 0.4 1,100 1,000 Pounds 1,430 400
Pecans3 - - - - - - Pounds 20,000 9,000
Crop Acreage, Yield, and Production, Oklahoma, Final 2010 and 20111
1 Cotton finalized is in the May Crop Production release and pecans in the July Noncitrus Fruit and Nut release.
2 Cotton yield in pounds and production in 480 pound net weight bales.
3 Estimates carried forward.
Production of corn for grain is set at 17.1 million bushels, down 61 percent from 2010. Yield averaged 90 bushels per acre
from 190,000 harvested acres, the lowest yield since 1981. Production of corn for silage is set at 358,000 tons, up 12 per-cent
from last year. Silage was cut on 55,000 acres, the second highest acreage after 1952.
Production of grain sorghum is set at 1.7 million bushels, down 87 percent from a year earlier. Yield averaged 21 bushels
per acre from 80,000 harvested acres. Sorghum production, at 1.7 million bushels, is the lowest production on record. Pro-duction
of sorghum for silage is set at 60,000 tons, down 29 percent from last year.
Cotton production is forecast at 63,000 bales, down 85 percent from last year. Yield averaged 432 pounds per acre from
70,000 harvested acres. This is the lowest production and harvested acreage since records began in 1894.
Soybean production is set at 3.4 million bushels, down 71 percent from 2010. Yield averaged 13 bushels per acre from
265,000 harvested acres, the lowest yield since 1980.
Peanut production is set at 59.4 million pounds, down 16 percent from last year. Yield averaged 2,700 pounds from 22,000
harvested acres.
Canola production for 2011 is set at 85.0 million pounds, down 5 percent from the previous year. Yield averaged 1,000
pounds per acre from 85,000 harvested acres.
All sunflower production is set at 5.3 million pounds, down 69 percent from 2010. Yield averaged 1,227 pounds per acre
from 4,300 harvested acres.
Production of all hay is set at 2.3 million tons, down 61 percent from 2010. Yield averaged 0.93 tons per acre from 2.50
million harvested acres, the lowest yield since 1956. The yield for alfalfa hay is set at 1.30 tons per acre, tied as the second
lowest yield on record. This resulted in the lowest production on record, at 260,000 tons. Production of all other hay is set
at 2.1 million tons.
Hay stocks on farms totaled 2.80 million tons on December 1, 2011, down 38 percent from last year’s 4.55 million tons.
Data Sources: USDA-NASS annual Crop Production 2011 Summary.
OUR CONFIDENTIALITY PLEDGE
● Names, addresses, and personal identifiers are fully protected by NASS with the force of law. Title 7,
U.S. Code, Section 2276 and the Confidential Information Protection and Statistical Efficiency Act prohibit public dis-closure
of individual information. ● Only authorized persons working for NASS as employees or sworn agents,
who are subject to fines and imprisonment for unauthorized disclosure, can access individual record data and only for
approved official purposes. ● Data security is a top priority during preparation of NASS reports. ● Published statis-tics
from NASS surveys and censuses will not disclose reported data from an individual.
“TO OKLAHOMA AGRICULTURE PRODUCERS: This report contains results collected from the quarterly Ag
Survey, quarterly Grain Stocks, and the monthly Prices Received by Farmers surveys. Your operation, large or
small, represents Oklahoma agriculture. We appreciate your assistance in providing timely and accurate data.
Thank you for your cooperation.”
~Wilbert Hundl, Jr., Director, USDA-NASS Oklahoma Field Office
IINFORMATTIION IIS POWER
Some of the resources for farmers and ranchers available on our Oklahoma website:
Oklahoma Annual Statistics Bulletin Crop Progress and Conditions
Livestock Reports Crop Reports
Find us on the web at: www.nass.usda.gov/ok
USDA-NASS
OKLAHOMA FIELD OFFICE
PHONE:
405-522-6190
FAX:
405-528-2296
E-MAIL:
nass-ok@nass.usda.gov
Wilbert Hundl, Jr., Director
All reports referred to in this special grain issue can be found at
the USDA-NASS website. You can subscribe to receive elec-tronic
delivery of new reports by following the links at:
www.nass.usda.gov/Publications
USDA-NASS
Oklahoma Field Office
PO Box 528804
Oklahoma City, OK 73152-8804
OFFICIAL BUSINESS
ADDRESS SERVICE REQUESTED