Grain Stocks Mixed for Corn, Beans; Up Slightly on Wheat
Corn stored in all positions in Minnesota on September 1, 2022, totaled 142 million bushels, up 32 percent from September 1, 2021, according to the latest USDA, National Agricultural Statistics Service – Grain Stocks report.
Of the total stocks, 49 percent were stored on-farm. The June-August 2022 indicated disappearance totaled 325 million bushels, 12 percent below the 369 million bushels from the same quarter the previous year.
Soybeans stored in all positions in Minnesota on September 1, 2022, totaled 25.9 million bushels, down 8 percent from September 1, 2021.
Of the total stocks, 38 percent were stored on-farm. Indicated disappearance for June- August 2022 was 68.2 million bushels, 52 percent above the 44.8 million bushels from the same quarter the previous year.
All wheat stored in all positions in Minnesota on September 1, 2022, totaled 82.9 million bushels, up 11 percent from September 1, 2021.
Of the total stocks, 74 percent were stored on-farm. Indicated disappearance for June- August 2022 was 16.6 million bushels, 38 percent below the 27.0 million bushels from the same quarter last year.
Old crop corn stocks in all positions on September 1, 2022 totaled 1.38 billion bushels, up 12 percent from September 1, 2021. Of the total stocks, 510 million bushels are stored on farms, up 29 percent from a year earlier. Off-farm stocks, at 867 million bushels, are up 3 percent from a year ago. The June – August 2022 indicated disappearance is 2.97 billion bushels, compared with 2.88 billion bushels during the same period last year.
Old crop soybeans stored in all positions on September 1, 2022 totaled 274 million bushels, up 7 percent from September 1, 2021. Soybean stocks stored on farms totaled 62.9 million bushels, down 8 percent from a year ago. Off-farm stocks, at 211 million bushels, are up 12 percent from last September. Indicated disappearance for June – August 2022 totaled 698 million bushels, up 36 percent from the same period a year earlier.
All wheat stored in all positions on September 1, 2022 totaled 1.78 billion bushels, up less than 1 percent from a year ago. On-farm stocks are estimated at 591 million bushels, up 41 percent from last September. Off-farm stocks, at 1.18 billion bushels, are down 13 percent from a year ago. The June – August 2022 indicated disappearance is 543 million bushels, down 24 percent from the same period a year earlier.