Corn & Soybean Stocks Up from Last Year

Corn & Soybean Stocks Up from Last Year January 12, 2018

Nebraska corn stocks in all positions on December 1, 2017 totaled 1.46 billion bushels, up 3% from 2016, according to the USDA's National Agricultural Statistics Service. Of the total, 910 million bushels are stored on farms, up 5% from a year ago. Off-farm stocks, at 551 million bushels, are down slightly from last year.

Soybeans stored in all positions totaled 264 million bushels, up 15% from last year. On-farm stocks of 97.0 million bushels are up 15% from a year ago, while off-farm stocks, at
167 million bushels, are up 14% from 2016.

Wheat stored in all positions totaled 66.1 million bushels, down 20% from a year ago. On-farm stocks of 4.10 million bushels are down 45% from 2016 and off-farm stocks of 62.0 million bushels are down 17% from last year.

Sorghum stored in all positions totaled 9.76 million bushels, down 25% from last year.
On-farm stocks of 1.70 million bushels are down 23% and off farm holdings of 8.06 million bushels are down 26% from last year.

On-farm oats totaled 600 thousand bushels, down 23% from 2016.

Hay stocks on Nebraska farms totaled 4.25 million tons, down 8% from last year.

Grain storage capacity in Nebraska totaled 2.11 billion bushels, up 7 million bushels from December 1, 2016. Total grain storage capacity is comprised of 1.18 billion bushels of on-farm storage, unchanged from last year, and 930 million bushels of off-farm storage, up 7 million bushels from last year.