Soybean Stocks Up Nearly 30%; Corn Down Slightly – USDA

Photo: Iowa State University

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.

Barley stocks in all positions on March 1, 2019 totaled 121 million bushels, down 7 percent from March 1, 2018. On-farm stocks are estimated at 46.2 million bushels, 5 percent below a year ago. Off-farm stocks, at 75.1 million bushels, are 8 percent below March 2018. The December 2018 – February 2019 indicated disappearance totaled 31.4 million bushels, 9 percent above the same period a year earlier.

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Oats stored in all positions on March 1, 2019 totaled 50.2 million bushels, 9 percent below the stocks on March 1, 2018. Of the total stocks on hand, 18.1 million bushels were stored on farms, up 5 percent from a year ago. Off-farm stocks totaled 32.2 million bushels, down 15 percent from the previous year. Indicated disappearance during December 2018 – February 2019 totaled 17.1 million bushels, 48 percent above the same period a year ago.

Grain sorghum stored in all positions on March 1, 2019 totaled 193 million bushels, up 37 percent from a year ago. On-farm stocks, at 25.0 million bushels, are up 89 percent from last March. Off-farm stocks, at 168 million bushels, are up 32 percent from a year earlier. The December 2018 – February 2019 indicated disappearance from all positions is 66.1 million bushels, 24 percent below the same period last year.

Sunflower stocks in all positions on March 1, 2019 totaled 828 million pounds, 33 percent below March 1, 2018. All stocks stored on farms totaled 343 million pounds and off-farm stocks totaled 485 million pounds. Stocks of oil type sunflower seed are 676 million pounds; of this total, 293 million pounds are on-farm stocks and 383 million pounds are off-farm stocks. Non-oil sunflower stocks totaled 152 million pounds, with 50.0 million pounds stored on the farm and 102 million pounds stored off the farm.

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