Less Grain Stored Than Last Year

Corn stored in all positions in Wisconsin on March 1 totaled 314 million bushels, down 5 percent from March 1, 2022, according to the latest USDA, National Agricultural Statistics Service grain stocks report.

Of the total stocks, 49 percent were stored on-farm. The December-February 2023 indicated disappearance totaled 101 million bushels, similar to the 101 million bushels from the same quarter the previous year.

Soybeans stored in all positions in Wisconsin on March 1 totaled 52.7 million bushels, down 4 percent from March 1, 2022.

Of the total stocks, 27 percent were stored on-farm. Indicated disappearance for December-February 2023 was 36.8 million bushels, 17 percent above the 31.4 million bushels from the same quarter the previous year.

Looking at the entire U.S., corn stocks in all positions on March 1 totaled 7.4 billion bushels, down 5 percent from March 1, 2022. Of the total stocks, 4.11 billion bushels were stored on farms, up 1 percent from a year earlier. Off-farm stocks, at 3.29 billion bushels, are down 10 percent from a year ago. The December 2022 – February 2023 indicated disappearance is 3.42 billion bushels, compared with 3.88 billion bushels during the same period last year.

Soybeans stored in all positions on March 1 totaled 1.69 billion bushels, down 13 percent from March 1, 2022. Soybean stocks stored on farms are estimated at 750 million bushels, down slightly from a year ago. Off-farm stocks, at 936 million bushels, are down 21 percent from last March. Indicated disappearance for the December 2022 – February 2023 quarter totaled 1.34 billion bushels, up 11 percent from the same period a year earlier.

All wheat stored in all positions on March 1 totaled 946 million bushels, down 8 percent from a year ago. On-farm stocks are estimated at 227 million bushels, up 30 percent from last March. Off-farm stocks, at 719 million bushels, are down 16 percent from a year ago. The December 2022 – February 2023 indicated
disappearance is 366 million bushels, 5 percent above the same period a year earlier.

Oats stored in all positions on March 1 totaled 42.9 million bushels, slightly below the stocks on March 1, 2022. Of the total stocks on hand, 17.1 million bushels were stored on farms, up 26 percent from a year ago. Off- farm stocks totaled 25.8 million bushels, down 12 percent from the previous year. Indicated disappearance during December 2022 – February 2023 totaled 10.8 million bushels, 13 percent below the same period a year ago.