USDA NASS: Nebraska Corn Stocks Up 7%; Soybean Down 3%

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USDA NASS: Nebraska Corn Stocks Up 7%; Soybean Down 3%

Nebraska corn stocks in all positions on June 1 totaled 577 million bushels, up 7% from 2016, according to the USDA's National Agricultural Statistics Service. Of the total, 305 million bushels are stored on farms, up 7% from a year ago. Off-farm stocks, at 272 million bushels, are up 7% from last year.

Nationally, corn stocks in all positions on June 1 totaled 5.23 billion bushels, up 11% from June 1, 2016. Of the total stocks, 2.84 billion bushels are stored on farms, up 15% from a year earlier. Off-farm stocks, at 2.38 billion bushels, are up 6% from a year ago. The March-May 2017 period indicated disappearance is 3.40 billion bushels, compared with 3.11 billion bushels during the same period last year.

Soybeans stored in all positions totaled 71.4 million bushels, down 3% from last year. On-farm
stocks of 19.0 million bushels are down 17% from a year ago but off-farm stocks, at 52.4 million bushels, are up 4% from 2016.

Nationally, soybeans stored in all positions on June 1 totaled 963 million bushels, up 11% from June 1, 2016. On-farm stocks totaled 333 million bushels, up 18% from a year ago. Off-farm stocks, at 631 million bushels, are up 7% from a year ago. Indicated disappearance for the March-May 2017 period totaled 775 million bushels, up 18% from the same period a year earlier.

Wheat stored in all positions totaled 43.7 million bushels, up 45% from a year ago. On-farm
stocks of 1.05 million bushels are up 5% from 2016 and off-farm stocks of 42.7 million bushels are up 47% from last year.

Nationally, old crop all wheat stored in all positions on June 1 totaled 1.18 billion bushels, up 21% from a year ago. On-farm stocks are estimated at 192 million bushels, down 3% from last year. Off-farm stocks, at 993 million bushels, are up 28% from a year ago. The March-May period indicated disappearance is 472 million bushels, up 19% from the same period a year earlier

Sorghum stored in all positions totaled 2.69 million bushels, down 27% from 2016. On-farm
stocks of 150 thousand bushels are down 63% from a year ago and off-farm holdings
of 2.54 million bushels are down 23% from last year.

On-farm oat stocks totaled 300 thousand bushels, down 17% from 2016.