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Corn, Soybean Stocks Up From 2017

Corn stocks in all positions on March 1, 2018 totaled 8.89 billion bushels, up 3 percent from March 1, 2017. Of the total stocks, 5.00 billion bushels were stored on farms, up 2 percent from a year earlier. Off-farm stocks, at 3.89 billion bushels, are up 5 percent from a year ago. The December 2017 – February 2018 indicated disappearance is 3.68 billion bushels, compared with 3.76 billion bushels during the same period last year.

Soybeans stored in all positions on March 1, 2018 totaled 2.11 billion bushels, up 21 percent from March 1, 2017. Soybean stocks stored on farms are estimated at 855 million bushels, up 28 percent from a year ago. Off-farm stocks, at 1.25 billion bushels, are up 17 percent from last March. Indicated disappearance for the December 2017 – February 2018 quarter totaled 1.05 billion bushels, down 9 percent from the same period a year earlier.

(NASS)

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