USDA NASS: Nebraska Grain Stocks

USDA NASS: Nebraska Grain Stocks September 28, 2018

Nebraska corn stocks in all positions on September 1, 2018 totaled 210 million bushels, down 19% from 2017, according to the USDA's National Agricultural Statistics Service. Of the total, 61.0 million bushels are stored on farms, down 33% from a year ago. Off-farm stocks, at 149 million bushels, are down 11% from last year.

Nationally, corn stocks were down 7% from Sept. 1, 2017. Old crop corn stocks in all positions on September 1, 2018 totaled 2.14 billion bushels.. Of the total stocks, 620 million bushels are stored on farms, down 21% from a year earlier. Off-farm stocks, at 1.52 billion bushels, are up 1% from a year ago. The June-August 2018 indicated disappearance is 3.16 billion bushels, compared with 2.94 billion bushels during the same period last year.

Soybeans stored in all positions totaled 40.9 million bushels, up 77% from last year. On-farm stocks of 5.50 million bushels are up 10% from a year ago, and off-farm stocks, at 35.4 million bushels, are up 96% from 2017.

Nationally, old crop soybeans stored in all positions on September 1, 2018 totaled 438 million bushels, up 45% from September 1, 2017. Soybean stocks stored on farms totaled 101 million bushels, up 15% from a year ago. Off-farm stocks, at 337 million bushels, are up 58% from last September. Indicated disappearance for June - August 2018 totaled 781 million bushels, up 18% from the same period a year earlier.

Based on an analysis of end-of-marketing year stock estimates, disappearance data for exports and crushings, and farm program administrative data, the 2017 soybean production is revised up 19.1 million bushels from the previous estimate. Planted area is unchanged at 90.1 million acres, and harvested area is unchanged at 89.5 million acres. The 2017 yield, at 49.3 bushels per acre, is up 0.2 bushel from the previous estimate.

The updated information for Nebraska shows that in 2017, 5.7 million acres of soybeans were planted and 5.67 million acres were harvested. Average yield was estimated at  57.5 bu/ac for 2017. Total production for 2017 was 326,025,000 bushels.

Wheat stored in all positions totaled 72.0 million bushels, down 22% from a year ago. On-farm
stocks of 5.80 million bushels are down 28% from 2017 and off-farm stocks of 66.2 million bushels are down 22% from last year.

Sorghum stored in all positions totaled 1.76 million bushels, up 21 percent from 2017. On-farm
stocks of 145,000 bushels are up 142% from a year ago, and off-farm holdings, at 1.61 million bushels, are up 16% from last year.

On-farm oat stocks totaled 600,000 bushels, down 54 percent from 2017.