Grain Stocks: Soybeans Significantly Lower, Corn, Wheat Down Slightly

    Corn stocks in all positions on March 1, 2021 totaled 7.70 billion bushels, down 3 percent from March 1, 2020. Of the total stocks, 4.04 billion bushels were stored on farms, down 9 percent from a year earlier. Off-farm stocks, at 3.66 billion bushels, are up 5 percent from a year ago. The December 2020 – February 2021 indicated disappearance is 3.59 billion bushels, compared with 3.38 billion bushels during the same period last year.

    Soybeans stored in all positions on March 1, 2021 totaled 1.56 billion bushels, down 31 percent from March 1, 2020. Soybean stocks stored on farms are estimated at 594 million bushels, down 41 percent from a year ago. Off-farm stocks, at 970 million bushels, are down 22 percent from last March. Indicated disappearance for the December 2020 – February 2021 quarter totaled 1.38 billion bushels, up 39 percent from the same period a year earlier.

    All wheat stored in all positions on March 1, 2021 totaled 1.31 billion bushels, down 7 percent from a year ago. On-farm stocks are estimated at 284 million bushels, down 16 percent from last March. Off-farm stocks, at 1.03 billion bushels, are down 4 percent from a year ago. The December 2020 – February 2021 indicated disappearance is 388 million bushels, 9 percent below the same period a year earlier.

    Durum wheat stocks in all positions on March 1, 2021 totaled 42.7 million bushels, down 17 percent from a year ago. On-farm stocks, at 22.6 million bushels, are down 4 percent from March 1, 2020. Off-farm stocks totaled 20.1 million bushels, down 28 percent from a year ago. The December 2020 – February 2021 indicated disappearance of 18.9 million bushels is 46 percent above the same period a year earlier.

    Barley stocks in all positions on March 1, 2021 totaled 120 million bushels, up 4 percent from March 1, 2020. On-farm stocks are estimated at 55.9 million bushels, 8 percent above a year ago. Off-farm stocks, at 64.5 million bushels, are 1 percent above March 2020. The December 2020 – February 2021 indicated disappearance totaled 28.2 million bushels, 33 percent below the same period a year earlier.

    Oats stored in all positions on March 1, 2021 totaled 51.5 million bushels, 8 percent above the stocks on March 1, 2020. Of the total stocks on hand, 16.9 million bushels were stored on farms, down 1 percent from a year ago. Off-farm stocks totaled 34.6 million bushels, up 13 percent from the previous year. Indicated disappearance during December 2020 – February 2021 totaled 11.1 million bushels, 78 percent above the same period a year ago.

    Grain sorghum stored in all positions on March 1, 2021 totaled 137 million bushels, down 17 percent from a year ago. On-farm stocks, at 5.12 million bushels, are down 70 percent from last March. Off-farm stocks, at 131 million bushels, are down 11 percent from a year earlier. The December 2020 – February 2021 indicated disappearance from all positions is 83.1 million bushels, 3 percent below the same period last year.

    Sunflower stocks in all positions on March 1, 2021 totaled 1.07 billion pounds, 40 percent above March 1, 2020. All stocks stored on farms totaled 415 million pounds and off-farm stocks totaled 659 million pounds. Stocks of oil type sunflower seed are 888 million pounds; of this total, 331 million pounds are on-farm stocks and 557 million pounds are off-farm stocks. Non-oil sunflower stocks totaled 186 million pounds, with 83.8 million pounds stored on the farm and 102 million pounds stored off the farm.

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