USDA Acreage and Grain Stocks Reports

On June 30, USDA lowered its projection of Colorado winter wheat harvested acreage from 2.15 million acres to 2.0 million acres, which would lower projected production from 68.8 million bushels to 64.0 million bushels, based on an average statewide yield of 32 bushels per acre.¬† This estimate compares with 105.75 million bushels produced in Colorado last year and the 10-year average of 67 million bushels. Click here to read the entire report¬†[download id=”353″].

USDA will release its updated forecast of yields and production July 12.

USDA also released its Grain Stocks report, which listed corn stocks as down 15 percent from June 2010, soybean stocks down 8 percent, and all wheat stocks down 12 percent. Click here to read the entire report [download id=”354″].

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