Implications of Shifting the U.S. Soybean Marketing Year to September 1

George W. Kromer

No 320745, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: The 1965-66 marketing year for soybeans will begin September 1--instead of October 1, as in the past--and end August 31. The primary reason for the shift has been the trend toward earlier soybean harvest with an increasing amount of the crop harvested in September. Furthermore, each year a varying amount of new-crop beans have been crushed and exported in September. These estimates for earlier years could only be approximated. After discussion with various segments of the industry, USDA, on June 15, 1965, announced that total stocks of soybeans (farm and off-farm) will be reported as of September 1 instead of October 1. The shift to a September 1 basis will enable more accurate accounting of the utilization of old-crop soybeans prior to the time the new crop is harvested and furnish a more accurate benchmark from which to calculate supply for the ensuing year.

Keywords: Agricultural and Food Policy; Crop Production/Industries; Marketing (search for similar items in EconPapers)
Pages: 10
Date: 1965-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:320745

DOI: 10.22004/ag.econ.320745

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