WASHINGTON — Corn, soybean and wheat supplies through the first quarter of the current marketing year are lower than 12 months ago.
The U.S. Department of Agriculture’s quarterly grain stocks report, issued Jan. 12, gives a count of old crop remaining as of Dec. 1 and indicates the crops’ September through November usage.
Corn
U.S. corn stored in all positions on Dec. 1, 2022, totaled 10.8 billion bushels, down 7% from Dec. 1, 2021.
Of the total stocks, 6.75 billion bushels are stored on farms, 7% lower than a year earlier. Off-farm stocks, at 4.06 billion bushels, are down 8% from a year ago.
The September-November 2022 indicated disappearance is 4.30 billion bushels, compared with 4.67 billion bushels during the same period the previous year.
Soybeans
USDA reported soybeans stored in all positions on Dec. 1, 2022, totaled 3.02 billion bushels, down 4% from Dec. 1, 2021.
Soybean stocks stored on farms were estimated at 1.48 billion bushels, 3% lower than a year ago. Off-farm stocks, at 1.55 billion bushels, are down 4% from last December.
The indicated disappearance for September-November 2022 totaled 1.53 billion bushels, 4% less than the same period a year earlier.
All Wheat
There was 1.28 billion bushels of all wheat stored in all positions on Dec. 1, 2022, down 7% from a year ago.
On-farm all wheat stocks were estimated at 362 million bushels, up 32% from last December. Off-farm stocks, at 918 million bushels, are down 17% from a year ago.
The September-November 2022 indicated disappearance of 498 million bushels was 26% above the same period a year earlier.
Facility Statistics
Capacity of off-farm commercial grain storage in the United States totaled 11.8 billion bushels on Dec. 1, 2022, up slightly from the total a year ago.
The largest increases occurred in Missouri, North Carolina and South Dakota, where an additional 5 million bushels of capacity were added to each state since Dec. 1, 2021.
Other notable increases were shown in Ohio, where capacity increased 4.00 million bushels, and Colorado was up 2 million bushels from 2021.
Illinois and Iowa remained the two largest off-farm storage capacity states during 2022 with 1.65 billion and 1.52 billion bushels, respectively.
Kansas was the third largest followed by Nebraska and Minnesota. These five states accounted for 52% of the nation’s off-farm storage capacity on Dec. 1, 2022.
Off-farm storage facilities totaled 8,068 on Dec. 1, 2022, down 2% from the 2021 estimate. States with the largest number of facilities include Iowa with 840, Illinois with 810, Kansas with 690, Minnesota with 500 and Nebraska with 485.
Corn Stocks by Position
Dec. 1, 2021, and 2022
(1,000 bushels)
Illinois
2021 on-farm 1,050,000
2021 off-farm: 816,979
2022 on-farm: 1,100,000
2022 off-farm: 872,502
Indiana
2021 on-farm: 610,000
2021 off-farm,: 274,573
2022 on-farm: 570,000
2022 off-farm: 271,625
Iowa
2021 on-farm: 1,250,000
2021 off-farm: 829,589
2022 on-farm: 1,270,000
2022 off-farm: 765,336
Soybean Stocks by Position
Sept. 1, 2021, and 2022
(1,000 bushels)
Illinois
2021 on-farm: 285,000
2021 off-farm: 295,263
2022 on-farm: 265,000
2022 off-farm: 280,376
Indiana
2021 on-farm: 160,000
2021: off-farm: 112,005
2022 on-farm: 165,000
2022 off-farm: 114,977
Iowa
2021 on-farm: 225,000
2021 off-farm: 307,480
2022 on-farm: 215,000
2022 off-farm: 266,294
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