Home Indiana Agriculture News Indiana Corn, Soybean, and Wheat Stocks Are All Up

Indiana Corn, Soybean, and Wheat Stocks Are All Up

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Corn stocks in all positions on June 1, 2012 in Indiana totaled 218.5 million bushels, up 10 percent from last year. On-farm corn stocks totaled 96.0 million bushels, up 3 percent from the previous year. Off-farm corn stocks totaled 122.5 million bushels, up 16 percent from 2012. Soybean stocks in all positions totaled 53.4 million bushels, up 31 percent from last year. On-farm soybean stocks totaled 15.5 million bushels, up 7 percent from June 1, 2011. Indiana off-farm soybean stocks totaled 37.9 million bushels, up 44 percent from the previous year. Winter Wheat stocks in all positions totaled 32.4 million bushels, up 28 percent from a year ago.
Nationally, corn stocks in all positions on June 1, 2012 totaled 3.15 billion bushels, down 14 percent from June 1, 2011. Of the total stocks, 1.48 billion bushels are stored on farms, down 12 percent from a year earlier. Off-farm stocks, at 1.67 billion bushels, are down 16 percent from a year ago. The March – May 2012 indicated disappearance is 2.87 billion bushels, compared with 2.85 billion bushels during the same period last year.

 
U.S soybeans stored in all positions on June 1, 2012 totaled 667 million bushels, up 8 percent from June 1, 2011. On-farm stocks totaled 179 million bushels, down 18 percent from a year ago. Off-farm stocks, at 488 million bushels, are up 22 percent from a year ago. Indicated disappearance for the March – May 2012 quarter totaled 707 million bushels, up 12 percent from the same period a year earlier.

 
Nationally, old crop all wheat stored in all positions on June 1, 2012 totaled 743 million bushels, down 14 percent from a year ago. On-farm stocks are estimated at 112 million bushels, down 14 percent from last year. Off-farm stocks, at 631 million bushels, are down 14 percent from a year ago. The March – May 2012 indicated disappearance is 457 million bushels, down 19 percent from the same period a year earlier.

 

Source: NASS