USDA Mulls Adding Corn Crop Revisions to September Quarterly Stocks Report

October 16th, 2019


Category: Grains

( – Statisticians at the U.S. Department of Agriculture are considering adding revisions of the previous year’s corn crop to the government’s September quarterly stocks report, a USDA official said on Tuesday.

Each September, as part of the quarterly report, the USDA reviews its estimate of the previous year’s soybean crop, based on an analysis of on- and off-farm stocks, export and domestic usage, and farm program administrative data.

The USDA is considering adding the same analysis for corn to the September report starting in 2020, Lance Honig, crops branch chief for the USDA’s National Agricultural Statistics Service, said Tuesday in Washington on sidelines of a meeting for USDA data users.

Currently, the USDA updates its corn crop figures in an annual crop production summary released in January. Honig said the USDA rarely makes big revisions to a previous year’s corn crop.

For soybeans, the USDA has revised its estimate of the prior year’s crop in 18 of the last 20 September stocks reports, raising the figure 10 times and lowering it eight times.

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