USDA Grain Stocks Report Shows Double Digit Grain Gains

March 31, 2017 11:04 AM
 
USDA Grain Bin

Report highlights:

  • Corn Stocks Up 10% from March 2016

  • Soybean Stocks Up 13%

  • All Wheat Stocks Up 21%

Corn stocks in all positions on March 1, 2017 totaled 8.62 billion bushels, up 10 percent from March 1, 2016. Of the total stocks, 4.91 billion bushels were stored on farms, up 13 percent from a year earlier. Off-farm stocks, at 3.71 billion bushels, are up 6 percent from a year ago. The December 2016 - February 2017 indicated disappearance is 3.77 billion bushels, compared with 3.41 billion bushels during the same period last year.

Soybeans stored in all positions on March 1, 2017 totaled 1.73 billion bushels, up 13 percent from March 1, 2016. Soybean stocks stored on farms are estimated at 669 million bushels, down 8 percent from a year ago. Off-farm stocks, at 1.07 billion bushels, are up 33 percent from last March. Indicated disappearance for the December 2016 - February 2017 quarter totaled 1.16 billion bushels, down 2 percent from the same period a year earlier.

All wheat stored in all positions on March 1, 2017 totaled 1.66 billion bushels, up 21 percent from a year ago. On-farm stocks are estimated at 350 million bushels, up 9 percent from last March. Off-farm stocks, at 1.31 billion bushels, are up 24 percent from a year ago. The December 2016 - February 2017 indicated disappearance is 422 million bushels, 13 percent above the same period a year earlier.

Durum wheat stocks in all positions on March 1, 2017 totaled 52.8 million bushels, up 24 percent from a year ago. On-farm stocks, at 32.4 million bushels, are up 83 percent from March 1, 2016. Off-farm stocks totaled 20.4 million bushels, down 18 percent from a year ago. The December 2016 - February 2017 indicated disappearance of 20.1 million bushels is 12 percent above the same period a year earlier.

Barley stocks in all positions on March 1, 2017 totaled 147 million bushels, up 7 percent from March 1, 2016. On-farm stocks are estimated at 56.5 million bushels, 2 percent below a year ago. Off-farm stocks, at 90.3 million bushels, are 13 percent above March 2016. The December 2016 - February 2017 indicated disappearance totaled 45.7 million bushels, 7 percent above the same period a year earlier.

Grain sorghum stored in all positions on March 1, 2017 totaled 180 million bushels, down 11 percent from a year ago. On-farm stocks, at 21.3 million bushels, are down 15 percent from last March. Off-farm stocks, at 159 million bushels, are down 10 percent from a year earlier. The December 2016 - February 2017 indicated disappearance from all positions is 128 million bushels, 6 percent above the same period last year.

Click here to read the entire report.

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