Quarterly Grain Stocks: Corn Down 3%, Soybean Up 29%

04:05PM Mar 29, 2019
Chrysanthemum
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Corn Stocks Down 3 Percent from March 2018

Soybean Stocks Up 29 Percent

All Wheat Stocks Up 6 Percent

Corn stocks in all positions on March 1, 2019 totaled 8.60 billion bushels, down 3 percent from March 1, 2018. Of the total stocks, 5.13 billion bushels were stored on farms, up 3 percent from a year earlier. Off-farm stocks, at 3.47 billion bushels, are down 11 percent from a year ago. The December 2018 - February 2019 indicated disappearance is 3.33 billion bushels, compared with 3.67 billion bushels during the same period last year.

Soybeans stored in all positions on March 1, 2019 totaled 2.72 billion bushels, up 29 percent from March 1, 2018. Soybean stocks stored on farms are estimated at 1.27 billion bushels, up 49 percent from a year ago. Off-farm stocks, at 1.45 billion bushels, are up 15 percent from last March. Indicated disappearance for the December 2018 - February 2019 quarter totaled 1.03 billion bushels, down 2 percent from the same period a year earlier.

All wheat stored in all positions on March 1, 2019 totaled 1.59 billion bushels, up 6 percent from a year ago. On-farm stocks are estimated at 368 million bushels, up 42 percent from last March. Off-farm stocks, at 1.22 billion bushels, are down 1 percent from a year ago. The December 2018 - February 2019 indicated disappearance is 419 million bushels, 11 percent above the same period a year earlier.

Durum wheat stocks in all positions on March 1, 2019 totaled 74.1 million bushels, up 50 percent from a year ago. On-farm stocks, at 40.6 million bushels, are up 57 percent from March 1, 2018. Off-farm stocks totaled 33.5 million bushels, up 41 percent from a year ago. The December 2018 - February 2019 indicated disappearance of 9.46 million bushels is 45 percent above the same period a year earlier.

 

Read the full report.