Corn, Soybean, Wheat Stocks All Lower in USDA’s Quarterly Grain Stocks…

first_imgHome Indiana Agriculture News Corn, Soybean, Wheat Stocks All Lower in USDA’s Quarterly Grain Stocks Report Facebook Twitter SHARE Corn, Soybean, Wheat Stocks All Lower in USDA’s Quarterly Grain Stocks Report Facebook Twitter Previous articleSoybean, Wheat Acres Estimated 5 Percent Higher, Corn Acres Up Less Than 1 PercentNext articleHAT Market Analysis for 3/31/21 with Tom Fritz of EFG Group USDA Communications 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.To read the full Quarterly Grain Stocks Report, click here. SHARE By USDA Communications – Mar 31, 2021 last_img read more