MN Grain Stocks Down in Quarterly Report

Corn stored in all positions in Minnesota on March 1, 2022, totaled 818 million bushels, down 12 percent from March 1, 2021, according to the latest USDA, National Agricultural Statistics Service – Grain Stocks report. Of the total stocks, 67 percent were stored on-farm. 

Soybeans stored in all positions in Minnesota on March 1, 2022, totaled 176 million bushels, up 20 percent from March 1, 2021. 

All wheat stored in all positions in Minnesota on March 1, 2022, totaled 41.4 million bushels, down 39 percent from March 1, 2021. Of the total stocks, 46 percent were stored on-farm. 

Corn stocks in all positions on March 1, 2022, totaled 7.85 billion bushels, up 2 percent from March 1, 2021. 

Soybeans stored in all positions on March 1, 2022, totaled 1.93 billion bushels, up 24 percent from March 1, 2021. Soybean stocks stored on farms are estimated at 750 million bushels, up 26 percent from a year ago. Off-farm stocks, at 1.18 billion bushels, are up 22 percent from last March. 

All wheat stored in all positions on March 1, 2022, totaled 1.02 billion bushels, down 22 percent from a year ago. On-farm stocks are estimated at 174 million bushels, down 39 percent from last March. Off-farm stocks, at 850 million bushels, are down 17 percent from a year ago. 

Barley stocks in all positions on March 1, 2022, totaled 72.6 million bushels, down 40 percent from March 1, 2021. On-farm stocks are estimated at 25.3 million bushels, 55 percent below a year ago. Off-farm stocks, at 47.4 million bushels, are 27 percent below March 2021. 

Oats stored in all positions on March 1, 2022, totaled 43.0 million bushels, 17 percent below the stocks on March 1, 2021. Of the total stocks on hand, 13.6 million bushels were stored on farms, down 20 percent from a year ago. Off-farm stocks totaled 29.4 million bushels, down 15 percent from the previous year.