USDA’s Sept. 30 small grains report showed 2010 wheat production at 2.22 billion bushels in 2010, down 2% from the August forecast but up slightly from 2009. Grain area is 47.7 million acres, down 4% from last year. The U.S. yield is a record high 46.7 bu./acre, 2.3 bu. higher than last year and 1.8 bu. higher than the previous record set in 2008.

The levels of production and changes from last year by type are: winter wheat, 1.49 billion bushels, down 3%; spring wheat, 627 million bushels, up 7%; Durum wheat, 111 million bushels, up 2%.

Oat production is estimated at a record low 81.9 million bushels, 6% below the August forecast and down 12% from last year. Yield is estimated at 64.6 bu./acre, down 1.7 bu. from the last forecast and down 2.9 bu. from last year. Barley production is estimated at 182 million bushels, down 1% from the Aug. 1 forecast and 20% below 2009. Average yield per acre, 73.6 bu., is up 1.3 bu. from August and 0.6 bu. from last year and
is the highest yield since estimates began in 1866.

USDA’s Sept. 30 Grain Stocks Report, meanwhile, had all wheat stocks up 11%. All wheat stored in all positions on Sept. 1 totaled 2.46 billion bushels. On-farm stocks are estimated at 826 million bushels, down 1% from last September. Off-farm stocks, at 1.63 billion bushels, are up 19% from a year ago. The June-August 2010 indicated disappearance is 740 million bushels, up 12% from the same period a year earlier.

Durum wheat stocks in all positions on Sept. 1 totaled 106 million bushels, up 4% from a year ago. On-farm stocks, at 76.8 million bushels, are up 4% from the previous tear. Off-farm stocks totaled 29.0 million bushels, up 5% from a year ago. The June-August
indicated disappearance of 40.2 million bushels is up 24% from the same period a year earlier.