Grain Stocks: Corn & Wheat Up, Soybeans Down

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Corn stocks in all positions on March 1, 2010 totaled 7.69 billion bushels, up 11 percent from March 1, 2009. Of the total stocks, 4.55 billion bushels are stored on farms, up 11 percent from a year earlier. Off-farm stocks, at 3.15 billion bushels, are up 10 percent from a year ago. The December 2009 - February 2010 indicated disappearance is 3.23 billion bushels, compared with 3.12 billion bushels during the same period last year.

Soybeans stored in all positions on March 1, 2010 totaled 1.27 billion bushels, down 2 percent from March 1, 2009. Soybean stocks stored on farms are estimated at 609 million bushels, down 7 percent from a year ago. Off-farm stocks, at 661 million bushels, are up 2 percent from last March. Indicated disappearance for the December 2009 - February 2010 quarter totaled 1.07 billion bushels, up 10 percent from the same period a year earlier.

All wheat stored in all positions on March 1, 2010 totaled 1.35 billion bushels, up 30 percent from a year ago. On-farm stocks are estimated at 348 million bushels, up 24 percent from last March. Off-farm stocks, at 1.00 billion bushels, are up 32 percent from a year ago. The December 2009 - February 2010 indicated disappearance is 429 million bushels, up 12 percent from the same period a year earlier.

Durum wheat stocks in all positions on March 1, 2010 totaled 55.6 million bushels, up 72 percent from a year ago. On-farm stocks, at 34.3 million bushels, are up 83 percent from March 1, 2009. Off-farm stocks totaled 21.3 million bushels, up 57 percent from a year ago. The December 2009 - February 2010 indicated disappearance of 20.1 million bushels is up 65 percent from the same period a year earlier.

Barley stocks in all positions on March 1, 2010 totaled 157 million bushels, up 22 percent from March 1, 2009. On-farm stocks are estimated at 67.4 million bushels, 52 percent above a year ago. Off-farm stocks, at 90.0 million bushels, are 6 percent above March 2009. The December 2009 - February 2010 indicated disappearance totaled 49.0 million bushels, 12 percent above the same period a year earlier.

Oats stored in all positions on March 1, 2010 totaled 98.0 million bushels, 3 percent above the stocks on March 1, 2009. Of the total stocks on hand, 30.9 million bushels are stored on farms, up 2 percent from a year ago. Off-farm stocks totaled 67.1 million bushels, up 3 percent from the previous year. Indicated disappearance during December 2009 - February 2010 totaled 12.6 million bushels, down 35 percent from the same period a year ago.

Grain sorghum stored in all positions on March 1, 2010 totaled 175 million bushels, down 15 percent from a year ago. On-farm stocks, at 23.7 million bushels, are down 26 percent from last March. Off-farm stocks, at 152 million bushels, are down 13 percent from a year earlier. The December 2009 - February 2010 indicated disappearance from all positions is 75.5 million bushels, down 18 percent from the same period last year.

Sunflower stocks in all positions on March 1, 2010 totaled 1.21 billion pounds, up 6 percent from March 1, 2009. All stocks stored on farms totaled 604 million pounds and off-farm stocks totaled 602 million pounds. Stocks of oil type sunflower seed are 992 million pounds; of this total, 533 million pounds are on-farm stocks and 459 million pounds are off-farm stocks. Non-oil sunflower stocks totaled 214 million pounds, with 70.7 million pounds stored on the farm and 144 million pounds stored off the farm.

Source: USDA/NASS



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