USDA: US and Nebraska Grain Stock Report as of March 1, 2017

March 31, 2017

Compared with March 1, 2016 Nebraska grain stocks in major categories were all up: corn, 5%; soybean, 17%; wheat, 45%; and sorghum 27%, according to a March 31 USDA Grain Stocks report.

Corn

Nationally, corn stocks in all positions on March 1, 2017 totaled 8.62 billion bushels, up 10% from March 1, 2016. Of the total stocks, 4.91 billion bushels were stored on farms, up 13% from a year earlier. Off-farm stocks, at 3.71 billion bushels, are up 6% from a year ago. The December 2016 - February 2017 indicated disappearance is 3.77 billion bushels, compared with 3.41 billion bushels during the same period last year.

Nebraska corn stocks in all positions on March 1, 2017 totaled 1.00 billion bushels, up 5% from 2016, according to the USDA's National Agricultural Statistics Service. Of the total, 590 million bushels are stored on farms, up 11% from a year ago. Off-farm stocks, at 412 million bushels, are down 3% from last year.

Soybean

Nationally, soybeans stored in all positions on March 1, 2017 totaled 1.73 billion bushels, up 13% from March 1, 2016. Soybean stocks stored on farms are estimated at 669 million bushels, down 8% from a year ago. Off-farm stocks, at 1.07 billion bushels, are up 33% from last March. Indicated disappearance for the December 2016 - February 2017 quarter totaled 1.16 billion bushels, down 2% from the same period a year earlier.

In Nebraska soybeans stored in all positions totaled 138 million bushels, up 17% from last year. Onfarm stocks of 45.0 million bushels are up 10% from a year ago and off-farm stocks, at 92.7 million bushels, are up 20% from 2016.

Wheat

All wheat stored in all positions on March 1, 2017 totaled 1.66 billion bushels, up 21% from a year ago. On-farm stocks are estimated at 350 million bushels, up 9% from last March. Off-farm stocks, at 1.31 billion bushels, are up 24% from a year ago. The December 2016 - February 2017 indicated disappearance is 422 million bushels, 13% above the same period a year earlier.

In Nebraska wheat stored in all positions totaled 61.8 million bushels, up 45% from a year ago. Onfarm stocks of 3.40 million bushels are up 17% from 2016 and off-farm stocks of 58.4 million bushels are up 47% from last year.

Sorghum

In Nebraska sorghum stored in all positions totaled 10.6 million bushels, up 27% from 2016. On-farm stocks of 690 thousand bushels are up 15% from a year ago and off-farm holdings of 9.89 million bushels are up 27% from last year. On-farm oat stocks totaled 400 thousand bushels, down 47% from 2016.

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2017 Crop Reports