Grain Stocks: Corn Up 11% from 2016, Soybean Up 11%, All Wheat Up 21%

June 30, 2017 11:00 AM
 
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Corn stocks in all positions on June 1, 2017 totaled 5.23 billion bushels, up 11 percent from June 1, 2016. Of the total stocks, 2.84 billion bushels are stored on farms, up 15 percent from a year earlier. Off-farm stocks, at 2.38 billion bushels, are up 6 percent from a year ago. The March - May 2017 indicated disappearance is 3.40 billion bushels, compared with 3.11 billion bushels during the same period last year.

Soybeans stored in all positions on June 1, 2017 totaled 963 million bushels, up 11 percent from June 1, 2016. On-farm stocks totaled 333 million bushels, up 18 percent from a year ago. Off-farm stocks, at 631 million bushels, are up 7 percent from a year ago. Indicated disappearance for the March - May 2017 quarter totaled 775 million bushels, up 18 percent from the same period a year earlier.

Old crop all wheat stored in all positions on June 1, 2017 totaled 1.18 billion bushels, up 21 percent from a year ago. On-farm stocks are estimated at 192 million bushels, down 3 percent from last year. Off-farm stocks, at 993 million bushels, are up 28 percent from a year ago. The March - May 2017 indicated disappearance is 472 million bushels, up 19 percent from the same period a year earlier.

Old crop Durum wheat stocks in all positions on June 1, 2017 totaled 36.3 million bushels, up 31 percent from a year ago. On-farm stocks, at 18.4 million bushels, are up 51 percent from June 1, 2016. Off-farm stocks totaled 17.9 million bushels, up 15 percent from a year ago. The March - May 2017 indicated disappearance of 16.7 million bushels is up 13 percent from the same period a year earlier.

Old crop barley stocks in all positions on June 1, 2017 totaled 108 million bushels, up 6 percent from June 1, 2016. On-farm stocks are estimated at 27.1 million bushels, 2 percent below a year ago. Off-farm stocks, at 81.0 million bushels, are 9 percent above June 1, 2016. The March - May 2017 indicated disappearance is 36.7 million bushels, 3 percent above the same period a year earlier.

Old crop oats stored in all positions on June 1, 2017 totaled 52.5 million bushels, 8 percent below the stocks on June 1, 2016. Of the total stocks on hand, 13.5 million bushels are stored on farms, 26 percent below a year ago. Off-farm stocks totaled 39.0 million bushels, 1 percent above the previous year. Indicated disappearance during March - May 2017 totaled 10.6 million bushels, 42 percent below the same period a year ago.

Grain sorghum stored in all positions on June 1, 2017 totaled 85.5 million bushels, down 5 percent from a year ago. On-farm stocks, at 8.62 million bushels, are down 11 percent from last year. Off-farm stocks, at 76.9 million bushels, are down 5 percent from June 1, 2016. The March - May 2017 indicated disappearance from all positions is 95.0 million bushels, down 15 percent from the same period last year.

Pulse crops stored in all positions on June 1, 2017 and the change from June 1, 2016 are: dry edible peas, 4.32 million cwt, up 16 percent; lentils, 1.21 million cwt, up 149 percent; all chickpeas, 424 thousand cwt, down 31 percent; small chickpeas, 133 thousand cwt, up 33 percent; and large chickpeas, 291 thousand cwt, down 44 percent. Small chickpeas are defined as peas that will pass through a 20/64 inch round hole screen. Large chickpeas are defined as larger than 20/64 inches.

See the full June 30, 2017 Grain Stocks report.

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