USDA: Nebraska Corn Stocks Down, Soybean Stocks Up from 2017

USDA: Nebraska Corn Stocks Down, Soybean Stocks Up from 2017 March 30, 2018

Nebraska corn stocks in all positions on March 1, 2018 totaled 956 million bushels, down 5% from 2017, according to the USDA's National Agricultural Statistics Service. Of the total, 540 million bushels are stored on farms, down 8% from a year ago. Off-farm stocks, at 416 million bushels, are up 1% from last year.

Nationally, corn stocks in all positions on March 1, 2018 totaled 8.89 billion bushels, up 3% from March 1, 2017. Of the total stocks, 5.00 billion bushels were stored on farms, up 2% from a year earlier. Off-farm stocks, at 3.89 billion bushels, are up 5% from a year ago. The December 2017 - February 2018 indicated disappearance is 3.68 billion bushels, compared with 3.76 billion bushels during the same period last year.

Soybeans stored in all positions totaled 166 million bushels, up 18% from last year. On-farm stocks of 51.0 million bushels are up 13% from a year ago and off-farm stocks, at 115 million bushels, are up 20% from 2017.

Nationally, soybeans stored in all positions on March 1, 2018 totaled 2.11 billion bushels, up 21% from March 1, 2017. Soybean stocks stored on farms are estimated at 855 million bushels, up 28% from a year ago. Off-farm stocks, at 1.25 billion bushels, are up 17% from last March. Indicated disappearance for the December 2017 - February 2018 quarter totaled 1.05 billion bushels, down 9% from the same period a year earlier.

Wheat stored in all positions totaled 52.7 million bushels, down 15% from a year ago. On-farm stocks of 2.60 million bushels are down 24% from 2017 and off-farm stocks of
50.1 million bushels are down 14% from last year.

Nationally, all wheat stored in all positions on March 1, 2018 totaled 1.49 billion bushels, down 10% from a year ago. On-farm stocks are estimated at 259 million bushels, down 26% from last March. Off-farm stocks, at 1.24 billion bushels, are down 6% from a year ago. The December 2017 - February 2018 indicated disappearance is 379 million bushels, 10% below the same period a year earlier.

Sorghum stored in all positions totaled 5.50 million bushels, down 48% from 2017. On-farm stocks of 750 thousand bushels are up 9% from a year ago but off-farm holdings of 4.75 million bushels are down 52% from last year.On-farm oat stocks totaled 500 thousand bushels, up 25% from 2017.

Read more in the national report.