UNL CropWatch: Stored Corn and Soybean Stocks Down from Last Year

UNL CropWatch: Stored Corn and Soybean Stocks Down from Last Year

March 31, 2011

Corn stocks in all positions on March 1 totaled 766 million bushels, down 16% from March 1, 2010. Of the total, 380 million bushels are stored on farms, down 28% from a year ago. Off-farm stocks, at 386 million bushels, are up 3% from last year.

Soybeans stored in all positions on March 1 totaled 89 million bushels, down 2% from last year. On-farm stocks are 25 million bushels, down 19% from a year ago. Off-farm stocks, at 64 million bushels, are up 7% from 2010.

Wheat stored in all positions on March 1, 2011 totaled 54.8 million bushels, up 19% from a year ago. On-farm stocks of 2.9 million are down 34% from 2010. Off-farm stocks of 51.9 million bushels are up 24% from last year and the highest level since 1988.

Sorghum stored in all positions on March 1 totaled 6.8 million bushels, down 37% from 2010 and the lowest level since 1957. On-farm stocks are 1.3 million bushels, down 46% from last year. Off-farm stocks, at 5.5 million bushels, are 34% below last year.

Both on-farm and off-farm stocks are at their lowest level since 1957.

To view the situation in other states, access the national publication for this release.

March 31, 2011 Report from the Nebraska Field Office of the National Agricultural Statistics Service