Corn, Soybean Stocks Jump from December 2015

January 12, 2017 11:31 AM
 
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Corn stocks are up 10% from December 2015, while soybean stocks are up 7% and all wheat stocks up 19%, according to USDA’s monthly Grain Stocks Report. See the full report.

 

Corn Stocks Up 10% from December 2015

Corn stored in all positions on December 1, 2016 totaled 12.4 billion bushels, up 10% from December 1, 2015. Of the total stocks, 7.61 billion bushels are stored on farms, up 11% from a year earlier. Off-farm stocks, at 4.77 billion bushels, are up 8% from a year ago. The September - November 2016 indicated disappearance is 4.50 billion bushels, compared with 4.10 billion bushels during the same period last year.

Soybean Stocks Up 7%

Soybeans stored in all positions on December 1, 2016 totaled 2.90 billion bushels, up 7% from December 1, 2015. Soybean stocks stored on farms totaled 1.34 billion bushels, up 2% from a year ago. Off-farm stocks, at 1.56 billion bushels, are up 11% from last December. Indicated disappearance for September - November 2016 totaled 1.61 billion bushels, up 15% from the same period a year earlier.

All Wheat Stocks Up 19%

All wheat stored in all positions on December 1, 2016 totaled 2.07 billion bushels, up 19% from a year ago. On-farm stocks are estimated at 571 million bushels, up 13% from last December. Off-farm stocks, at 1.50 billion bushels, are up 21% from a year ago. The September - November 2016 indicated disappearance is 472 million bushels, 34% above the same period a year earlier.

Durum wheat stored in all positions on December 1, 2016 totaled 72.9 million bushels, up 21% from a year ago. On-farm stocks, at 49.2 million bushels, are up 38% from December 1, 2015. Off-farm stocks totaled 23.7 million bushels, down 4% from a year ago. The September - November 2016 indicated disappearance of 19.0 million bushels is 40% above the same period a year earlier.

Other Crops

Barley stored in all positions on December 1, 2016 totaled 193 million bushels, up 7% from December 1, 2015. On-farm stocks are estimated at 99.1 million bushels, 2% above a year ago. Off-farm stocks, at 93.4 million bushels, are 12% above December 2015. The September - November 2016 indicated disappearance is 37.8 million bushels, 2% below the same period a year earlier.

Oats stored in all positions on December 1, 2016 totaled 75.5 million bushels, down 9% from the stocks on December 1, 2015. Of the total stocks on hand, 30.4 million bushels are stored on farms, down 17% from a year ago. Off-farm stocks totaled 45.1 million bushels, down 2% from the previous year. Indicated disappearance during September - November 2016 totaled 3.06 million bushels.

Grain sorghum stored in all positions on December 1, 2016 totaled 311 million bushels, down 3% from a year ago. On-farm stocks, at 43.0 million bushels, are down 17% from December 1 last year. Off-farm stocks, at 268 million bushels, are down 1% from a year earlier. The September - November 2016 indicated disappearance from all positions is 206 million bushels, down 30% from the same period in 2015.

Pulse crops stored in all positions on December 1, 2016 are: dry edible peas, 14.9 million cwt; lentils, 5.15 million cwt; Austrian winter peas, 299 thousand cwt; all chickpeas, 2.16 million cwt; small chickpeas, 719 thousand cwt; and large chickpeas, 1.44 million cwt.

See the full report.

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