USDA Will Not Survey for Grain Volume Lost to Floods
Regular quarterly stocks report for June will reflect losses
The U.S. Department of Agriculture’s statistical arm will not collect data on the volume of harvested grain lost when farms from the Dakotas to Missouri were hit by flooding in March that burst grain storage bins, a government official said on Tuesday.
According to a report at Reuters, the figures in the USDA’s regular quarterly stocks report for June, however, will reflect losses due to flooding as well as from more typical usage by processors, exporters and livestock feeders over the preceding three months.
At least 1 million acres of farmland were flooded over nine major grain-producing states in March, satellite data analyzed by Gro Intelligence for Reuters showed.