United States Grain Stocks Report – 1/12/18

Corn stored in all positions on December 1, 2017 totaled 12.5 billion bushels, up 1 percent from December 1,
2016. Of the total stocks, 7.74 billion bushels are stored on farms, up 2 percent from a year earlier. Off-farm
stocks, at 4.78 billion bushels, are up slightly from a year ago. The September – November 2017 indicated
disappearance is 4.38 billion bushels, compared with 4.50 billion bushels during the same period last year.

Soybeans stored in all positions on December 1, 2017 totaled 3.16 billion bushels, up 9 percent from December
1, 2016. Soybean stocks stored on farms totaled 1.49 billion bushels, up 11 percent from a year ago. Off-farm
stocks, at 1.67 billion bushels, are up 7 percent from last December. Indicated disappearance for September –
November 2017 totaled 1.54 billion bushels, down 4 percent from the same period a year earlier.

All wheat stored in all positions on December 1, 2017 totaled 1.87 billion bushels, down 10 percent from a year
ago. On-farm stocks are estimated at 393 million bushels, down 31 percent from last December. Off-farm stocks,
at 1.48 billion bushels, are down 2 percent from a year ago. The September – November 2017 indicated
disappearance is 393 million bushels, 16 percent below the same period a year earlier.

Barley stored in all positions on December 1, 2017 totaled 155 million bushels, down 19 percent from December
1, 2016. On-farm stocks are estimated at 74.3 million bushels, 25 percent below a year ago. Off-farm stocks, at
80.8 million bushels, are 14 percent below December 2016. The September – November 2017 indicated
disappearance is 24.6 million bushels, 35 percent below the same period a year earlier.

Oats stored in all positions on December 1, 2017 totaled 66.8 million bushels, down 12 percent from the stocks
on December 1, 2016. Of the total stocks on hand, 23.3 million bushels are stored on farms, down 23 percent
from a year ago. Off-farm stocks totaled 43.5 million bushels, down 3 percent from the previous year. Indicated
disappearance during September – November 2017 totaled 5.19 million bushels.

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