Corn On-farm Storage Down, Beans Up

Corn stored in all positions in Minnesota on December 1, 2021, totaled 1.23 billion bushels, down 8 percent from December 1, 2020, according to the latest USDA, National Agricultural Statistics Service – Grain Stocks report. 

Of the total stocks, 73 percent were stored on-farm. The September–November indicated disappearance totaled 276 million bushels, 19 percent below the 341 million bushels from the same quarter the previous year. 

Soybeans stored in all positions in Minnesota on December 1, 2021, totaled 276 million bushels, up slightly from December 1, 2020. Of the total stocks, 58 percent were stored on-farm. Indicated disappearance for September–November 2021 was 109 million bushels, 23 percent below the 142 million bushels from the same quarter the previous year. 

All wheat stored in all positions in Minnesota on December 1, 2021, totaled 55.6 million bushels, down 39 percent from December 1, 2020. Of the total stocks, 44 percent were stored on-farm. Indicated disappearance for September–November 2021 was 19.3 million bushels, up 169 percent from the 7.19 million bushels from the same quarter the previous year. 

Corn stored in all positions on December 1, 2021 totaled 11.6 billion bushels, up 3 percent from December 1, 2020. Of the total stocks, 7.23 billion bushels are stored on farms, up 3 percent from a year earlier. Off-farm stocks, at 4.41 billion bushels, are up 4 percent from a year ago. The September–November 2021 indicated disappearance is 4.70 billion bushels, compared with 4.74 billion bushels during the same period last year. 

Soybeans stored in all positions on December 1, 2021 totaled 3.15 billion bushels, up 7 percent from December 1, 2020. Soybean stocks stored on farms totaled 1.52 billion bushels, up 16 percent from a year ago. Off-farm stocks, at 1.63 billion bushels, are down 1 percent from last December. Indicated disappearance for September–November 2021 totaled 1.54 billion bushels, down 14 percent from the same period a year earlier.

All wheat stored in all positions on December 1, 2021 totaled 1.39 billion bushels, down 18 percent from a year ago. On-farm stocks are estimated at 273 million bushels, down 43 percent from last December. Off-farm stocks, at 1.12 billion bushels, are down 8 percent from a year ago. The September–November 2021 indicated disappearance is 384 million bushels, 16 percent below the same period a year earlier. 

Barley stored in all positions on December 1, 2021 totaled 97.6 million bushels, down 34 percent from December 1, 2020. On-farm stocks are estimated at 43.1 million bushels, 49 percent below a year ago. Off-farm stocks, at 54.5 million bushels, are 14 percent below December 2020. The September–November 2021 indicated disappearance is 37.8 million bushels, 23 percent above the same period a year earlier. 

Oats stored in all positions on December 1, 2021 totaled 55.5 million bushels, down 11 percent from the stocks on December 1, 2020. Of the total stocks on hand, 18.5 million bushels are stored on frms, down 36 percent from a year ago. Off-farm stocks totaled 37.0 million bushels, up 10 percent from the previous year. Indicated disappearance during September–November 2021 totaled 6.55 million bushels.