Corn and Soy Down from 2018 Stocks

USDA ( MGN Image )

From USDA:

 

Grain Stocks 

ISSN: 1949-0925

Released January 10, 2020, by the National Agricultural Statistics Service 
(NASS), Agricultural Statistics Board, United States Department of 
Agriculture (USDA).

Corn Stocks Down 5 Percent from December 2018
Soybean Stocks Down 13 Percent
All Wheat Stocks Down 9 Percent

Corn stored in all positions on December 1, 2019 totaled 11.4 billion 
bushels, down 5 percent from December 1, 2018. Of the total stocks, 
7.18 billion bushels are stored on farms, down 4 percent from a year earlier. 
Off-farm stocks, at 4.21 billion bushels, are down 6 percent from a year ago. 
The September - November 2019 indicated disappearance is 4.52 billion 
bushels, compared with 4.54 billion bushels during the same period last year.

Soybeans stored in all positions on December 1, 2019 totaled 3.25 billion 
bushels, down 13 percent from December 1, 2018. Soybean stocks stored on 
farms totaled 1.53 billion bushels, down 21 percent from a year ago. Off-farm 
stocks, at 1.73 billion bushels, are down 5 percent from last December. 
Indicated disappearance for September - November 2019 totaled 1.22 billion 
bushels, up 8 percent from the same period a year earlier.

All wheat stored in all positions on December 1, 2019 totaled 1.83 billion 
bushels, down 9 percent from a year ago. On-farm stocks are estimated at 
519 million bushels, up 3 percent from last December. Off-farm stocks, at 
1.31 billion bushels, are down 13 percent from a year ago. The 
September - November 2019 indicated disappearance is 512 million bushels, 
35 percent above the same period a year earlier.
 
Durum wheat stored in all positions on December 1, 2019 totaled 64.5 million 
bushels, down 23 percent from a year ago. On-farm stocks, at 33.2 million 
bushels, are down 29 percent from December 1, 2018. Off-farm stocks totaled 
31.3 million bushels, down 15 percent from a year ago. The 
September - November 2019 indicated disappearance of 23.9 million bushels is 
266 percent above the same period a year earlier.

Barley stored in all positions on December 1, 2019 totaled 151 million 
bushels, down 1 percent from December 1, 2018. On-farm stocks are estimated 
at 87.6 million bushels, 22 percent above a year ago. Off-farm stocks, at 
63.6 million bushels, are 21 percent below December 2018. The 
September - November 2019 indicated disappearance is 38.6 million bushels, 
74 percent above the same period a year earlier.

Oats stored in all positions on December 1, 2019 totaled 54.0 million 
bushels, down 20 percent from the stocks on December 1, 2018. Of the total 
stocks on hand, 24.8 million bushels are stored on farms, down 3 percent from 
a year ago. Off-farm stocks totaled 29.2 million bushels, down 30 percent 
from the previous year. Indicated disappearance during 
September - November 2019 totaled 6.09 million bushels.

Grain sorghum stored in all positions on December 1, 2019 totaled 249 million 
bushels, down 4 percent from a year ago. On-farm stocks, at 30.2 million 
bushels, are down 32 percent from December 1 last year. Off-farm stocks, at 
219 million bushels, are up 2 percent from a year earlier. The 
September - November 2019 indicated disappearance from all positions is 
156 million bushels, up 11 percent from the same period in 2018.

Pulse crops stored in all positions on December 1, 2019 are: dry edible peas, 
15.7 million cwt; lentils, 4.98 million cwt; all chickpeas, 6.78 million cwt; 
small chickpeas, 2.13 million cwt; and large chickpeas, 4.66 million cwt.

This report was approved on January 10, 2020.

Comments