RiceBran Technologies (RIBT)

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A lot of wheat to be stabilized--good crop

U.S. wheat stocks up 118%, corn up, soybeans down
(World-Grain.com, June 30, 2009)

WASHINGTON, D.C., U.S. — Wheat stored in all positions on June 1 totaled 667 million bushels, up 118% from 305.8 million bushels on June 1, 2008, the U.S. Department of Agriculture (USDA) said in its June 30 Grain Stocks report.

On-farm stocks of wheat were 140.7 million bushels, up 449% from the year-ago amount of 25.6 million bushels, while off-farm stocks were 526.3 million bushels, up 88% from 280.2 million bushels last year. Indicated disappearance of wheat during the March-May period was 373 million bushels, down 7% from the same period last year, the USDA said.

The wheat stocks number was below pre-report trade expectations that averaged about 670 million bushels.

Durum stocks were 25.2 million bushels up 204% from 8.3 bushels a year ago. Indicated disappearance during the March-May period was 7.1 million bushels, down 58% from a year ago.

Stocks of corn on June 1 totaled 4.3 billion bushels, up 6% from 4.03 billion bushels a year ago. Indicated disappearance of corn during the March-May period was 2.69 billion bushels, down 5% from the same period last year, the USDA said.

Soybean stocks in all positions were 597.04 bushels, down 12% from 676.1 bushels on June 1, 2008, the USDA said. Indicated disappearance during March-May was 705 million bushels, down 7% from the same period a year earlier.

The USDA stocks numbers for corn and soybeans were above the average of trade expectations.

Article 2 from WorldGrain.com

Wheat harvest in full swing throughout Kansas
(World-Grain.com, June 30, 2009)

MANHATTAN, KANSAS, U.S. — The Kansas Wheat Commission reported on June 30 that wheat harvest is in full swing throughout the state after a weekend of extreme heat and dry conditions.

According to Matthew Vajnar at the Ottawa Coop, roughly 270,000 bushels have been taken in as of June 29. Test weights are averaging out to about 58 pounds per bushel with moisture levels averaging 13%. Yields are averaging out in the low 40's with protein levels averaging about 10.25. Vajnar estimates that harvest is about 40% complete in the area.

Jay Armstrong, Kansas Wheat Commissioner from Muscotah, Kansas, U.S., said that northeast Kansas is wrapping up its wheat harvest. Armstrong said he expects an average yield in northeast Kansas of about 50 bushels per acre. Test weights average 60 pounds per bushel.

At Cargill Ag Horizons in Salina, Kansas, U.S. Gary Grasser reports that so far 6 million bushels of wheat have been taken in with average test weights around 60 pounds per bushel. Moisture levels are averaging out at around 12%, with yields averaging around 50 bushels per acre. Protein levels are good ranging anywhere from 9 to 14.

Near Downs, Kansas, U.S. Steve Doane, Kansas Association of Wheat Growers director, said wheat yields have been variable, averaging about 45 bushels per acre. However, test weights are excellent, ranging from 61 to 64 pounds per bushel, he said. He said the wheat harvest is nearly complete throughout his area of north central Kansas. Fuller, Post Rock and Santa Fe varieties have been leading the pack, he adds.

Roughly 2.5 million bushels have been harvested so far, according to Gary Friesen at Scott Cooperative in Scott City, Kansas, U.S. Test weights in the area are averaging out to be 60 or more pounds per bushel, with yields averaging around 40. Moisture levels are mostly in the 12% range with a few loads being somewhat more wet, he said. Protein levels appear to be good in most cases

http://www.world-grain.com/