USDA: NE Corn Stocks up 16%; Soybeans up 9%
Nebraska corn stocks in all positions on March 1 totaled 956 million bushels, up 16% from 2015, according to the USDA’s National Agricultural Statistics Service. Of the total, 530 million bushels are stored on farms, up 23% from a year ago. Off-farm stocks, at 426 million bushels, are up 8% from last year.
Soybeans stored in all positions totaled 118 million bushels, up 9% from last year. On-farm stocks of 41.0 million bushels are 28% above last year, and off-farm stocks, at 76.8 million bushels, are up 1% from 2015.
Wheat stored in all positions totaled 42.8 million bushels, up 17% from a year ago. On-farm stocks of 2.90 million bushels are up 26% from last year, and off-farm stocks of 39.9 million bushels are up 16% from last year.
Sorghum stored in all positions totaled 8.47 million bushels, up 144% from 2015. On-farm stocks of 600 thousand are down 8% while off farm holdings of 7.87 million are up 175% from last year.
On-farm oats totaled 750 thousand bushels, up 15 percent