June 1 Report: Nebraska Corn Stocks down 18%; Soybean Stocks Up 42% - UNL CropWatch, June 29, 2012
June 29, 2012
Nebraska corn stocks in all positions on June 1 totaled 355 million bushels, down 18% from 2011 and the smallest total since 2004, according to the USDA National Agricultural Statistics Service, Nebraska Field Office. Of the total, 170 million bushels are stored on farms, down 11% from a year ago. Off-farm stocks, at 185 million bushels, are down 24% from last year.
Soybeans stored in all positions on June 1 totaled 63.8 million bushels, up 42% from last year. On-farm stocks of 10 million bushels are down 9% from a year ago while off-farm stocks, at 53.8 million bushels, are up 59% from 2011.
Wheat stored in all positions on June 1 totaled 20.7 million bushels, down 41% from a year ago. On-farm stocks of 700 thousand bushels are up 8% from 2011 while off-farm stocks of 20.0 million bushels are down 42% from last year.
Sorghum stored in all positions on June 1 totaled 4.3 million bushels, down 7% from 2011 and the lowest since 1957. On-farm stocks are 300,000 bushels, down 25% from a year ago and the lowest on record. Off-farm holdings, at 4.0 million bushels, are 5% below last year.