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Grain Stocks: Corn Stocks Down, Soybeans Up, Wheat Down

June 29, 2012
 
 

 

Corn Stocks Down 14 Percent from June 2011
Soybean Stocks Up 8 Percent
All Wheat Stocks Down 14 Percent

 

 
Corn stocks in all positions on June 1, 2012 totaled 3.15 billion bushels, down 14 percent from June 1, 2011. Of the total stocks, 1.48 billion bushels are stored on farms, down 12 percent from a year earlier. Off-farm stocks, at 1.67 billion bushels, are down 16 percent from a year ago. The
March - May 2012 indicated disappearance is 2.87 billion bushels, compared with 2.85 billion bushels during the same period last year.
 
Soybeans stored in all positions on June 1, 2012 totaled 667 million bushels, up 8 percent from June 1, 2011. On-farm stocks totaled 179 million bushels, down 18 percent from a year ago. Off-farm stocks, at 488 million bushels, are up 22 percent from a year ago. Indicated disappearance for the March - May 2012 quarter totaled 707 million bushels, up 12 percent from the same period a year earlier.
 
Old crop all wheat stored in all positions on June 1, 2012 totaled 743 million bushels, down 14 percent from a year ago. On-farm stocks are estimated at 112 million bushels, down 14 percent from last year. Off-farm stocks, at 631 million bushels, are down 14 percent from a year ago. The March - May 2012 indicated disappearance is 457 million bushels, down 19 percent from the same period a year earlier.
 
Old crop Durum wheat stocks in all positions on June 1, 2012 totaled 25.6 million bushels, down 28 percent from a year ago. On-farm stocks, at 15.2 million bushels, are down 31 percent from June 1, 2011. Off-farm stocks totaled 10.4 million bushels, down 22 percent from a year ago. The March - May 2012 indicated disappearance of 10.2 million bushels is down 51 percent from the same period a year earlier.
 
Old crop barley stocks in all positions on June 1, 2012 totaled 60.1 million bushels, down 33 percent from June 1, 2011. On-farm stocks are estimated at 9.67 million bushels, 63 percent below a year ago. Off-farm stocks, at 50.4 million bushels, are 20 percent below June 1, 2011. The March - May 2012 indicated disappearance is 33.7 million bushels, 31 percent below the same period a year earlier.
 
Old crop oats stored in all positions on June 1, 2012 totaled 55.0 million bushels, 19 percent below the stocks on June 1, 2011. Of the total stocks on hand, 11.1 million bushels are stored on farms, 24 percent lower than a year ago. Off-farm stocks totaled 43.9 million bushels, 17 percent below the previous year. Indicated disappearance during March - May 2012 totaled 19.8 million bushels, compared with 18.7 million bushels during the same period a year ago.
 
Grain sorghum stored in all positions on June 1, 2012 totaled 58.5 million bushels, down 27 percent from a year ago. On-farm stocks, at 4.12 million bushels, are up 31 percent from last year. Off-farm stocks, at 54.4 million bushels, are down 29 percent from June 1, 2011. The March - May 2012 indicated disappearance from all positions is 49.6 million bushels, down
46 percent from the same period last year.
 
Pulse crops stored in all positions on June 1, 2012 and the change from June 1, 2011 are: dry edible peas, 1.90 million cwt, down 49 percent; lentils, 1.76 million cwt, up 1 percent; Austrian winter peas, 80,000 cwt, down 17 percent; all chickpeas, 353,000 cwt, up 7 percent; small chickpeas, 158,000 cwt, up 66 percent; and large chickpeas, 195,000 cwt, down 17 percent. Small chickpeas are defined as peas that will pass through a 20/64 inch round hole screen.
 
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See the data, read the biggest news and listen to analysis of today's Acreage and Grain Stocks reports.

 

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RELATED TOPICS: Corn, Soybeans, Wheat, Crops, USDA

 

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