August 29, 2006

 

Argentina's July grain stocks down 6 percent on-year 

 

 

Stocks of major grains and oilseeds in Argentina totalled 22,960,528 tonnes in July, according to the latest provisional data from the National Office for the Control of Agricultural Trade.

 

This puts stocks of corn, soybeans, wheat and 59 "other crops" down 6.1 percent from 24,447,972 tonnes a year earlier.

 

The "other crops" category includes goods like peanuts and rice, etc.

 

Stocks were down 12.7 percent from last month, when 26,313,926 tonnes of grains and oilseeds were held.

 

Argentina's grain storage capacity in July totalled 48.6 million tonnes while utilised capacity was 23.26 million tonnes, or 47.85 percent of capacity. The country has 3,033 storage plants, from small silos to large industrial storage facilities.

 

The following information, which is for stocks in tonnes for major grains and oilseeds as of Jul 31, 2006, Jun 30, 2006 and Jul 31, 2005, does not include grains and oilseeds held privately by farmers.

 

The information refers to the total amount of stocks held by millers and crushers, as well as grains stored in silos.

 

              Total

 

Soybeans

7/31/06    11,418,315

6/30/06    12,828,541

7/31/05    12,603,450

 

Corn

7/31/06     4,436,676

6/30/06     4,950,150

7/31/05     5,313,568

 

Wheat

7/31/06     4,561,546

6/30/06     5,428,770

7/31/05     3,488,451