Halftime quarterly grain stocks rise

WASHINGTON — Year-over-year corn, soybean and wheat stocks are higher halfway through the marketing year.

The U.S. Department of Agriculture’s National Agricultural Statistics Service quarterly grain stocks reflects on-farm and off-farm stored stocks as of March 1, 2026.

U.S. corn stocks in all positions on March 1 totaled 9.02 billion bushels, up 11% from March 1, 2025.

Of the total corn stocks, 5.43 billion bushels were stored on farms, up 21% from a year earlier. Off-farm stocks, at 3.59 billion bushels, are down 2% from a year ago.

The December 2025-February 2026 indicated disappearance is 4.28 billion bushels, compared with 3.93 billion bushels of corn during the same period last year.

U.S. soybeans stored in all positions on March 1 totaled 2.10 billion bushels, 10% higher than 12 months ago.

Soybean stocks stored on farms are estimated at 900 million bushels, up 3% from a year ago. Off-farm stocks, at 1.20 billion bushels, are up 16% from last March.

Indicated disappearance for the December 2025-February 2026 quarter totaled 1.18 billion bushels, 1% lower than the same period a year earlier.

All wheat stored in all positions on March 1 totaled 1.30 billion bushels, 5% higher than a year ago.

On-farm stocks are estimated at 298 million bushels, down 3% from last March. Off-farm stocks, at 1 billion bushels, are up 8% from a year ago.

The all wheat December 2025-February 2026 indicated disappearance is 377 million bushels, 12% above the same period a year earlier.

Survey Procedures

The U.S. grain stocks estimates in this report are based on surveys conducted during the first two weeks of March. Separate surveys are conducted to obtain the on-farm and off-farm estimates.

The on-farm stocks survey is a probability survey that includes a sample of approximately 73,800 farm operators selected from a list of producers that ensures all operations in the United States have a chance to be selected.

These producers are asked to provide the total quantities of grain stored on their operations as of March 1. This includes all whole grains and oilseeds stored whether for feed, seed, or sale, as well as any stored under a government program.

The off-farm stocks survey is an enumeration of all known commercial grain storage facilities. This includes approximately 7,800 facilities with 11.9 billion bushels of storage capacity. An effort is made to obtain a report from all facilities.

Reports of stock holdings are normally received from operations covering about 90% of the capacity. Estimates are made for missing facilities to make the survey complete.

Corn Stocks by Position

March 1, 2025 and 2026

(1,000 bushels)

Illinois

On-farm 2025: 600,000

Off-farm 2025: 781,464

On-farm 2026: 720,000

Off-farm 2026: 733,257

Indiana

On-farm 2025: 350,000

Off-farm 2025: 205,061

On-farm 2026: 375,000

Off-farm 2026: 176,438

Iowa

On-farm 2025: 790,000

Off-farm 2025: 681,769

On-farm 2026: 980,000

Off-farm 2026: 598,826

Soybean Stocks by Position

March 1, 2025 and 2026

(1,000 bushels)

Illinois

On-farm 2025: 140,000

Off-farm 2025: 197,728

On-farm 2026: 125,000

Off-farm 2026: 249,952

Indiana

On-farm 2025: 85,000

Off-farm 2025: 64,837

On-farm 2026: 72,000

Off-farm 2026: 79,566

Iowa

On-farm 2025: 160,000

Off-farm 2025: 199,894

On-farm 2026: 155,000

Off-farm 2026: 203,351