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Indiana Grain Stocks Reach Record

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On March 1, 2014, Indiana corn stocks totaled a record high 544.1 million bushels, 73 percent higher than a year earlier, according to Greg Matli, State Statistician, of the USDA, NASS, Indiana Field Office. About 53 percent of the corn was stored on farms. The second quarter disappearance was 340.8 million bushels, compared with 149.1 million bushels a year earlier. Soybean stocks on March 1, 2014, were 73.1 million bushels. That was 2 percent higher than stocks a year earlier. The second quarter indicated disappearance was 110.2 million bushels, compared with 77.6 million bushels during the same period in 2013. Farm stocks of soybeans were 38 million bushels. Wheat stocks on March 1, 2014, were 24.9 million bushels, 37 percent below a year ago. Approximately 98 percent of wheat stocks were in commercial storage. Third quarter indicated disappearance was 9.6 million bushels, 17.1 percent of supply.

U.S. corn stocks in all positions on March 1, 2014, totaled 7.01 billion bushels, up 30 percent from March 1, 2013. Of the total stocks, 3.86 billion bushels were stored on farms, up 45 percent from a year earlier. Off-farm stocks, 3.15 billion bushels, were up 15 percent from a year ago. The December 2013 – February 2014 indicated disappearance was 3.45 billion bushels, compared with 2.63 billion bushels during the same period last year. Soybeans stored in all positions on March 1, 2014, totaled 992 million bushels, down 1 percent from March 1, 2013. Soybean stocks stored on farms were estimated at 382 million bushels, down 16 percent from a year ago. Off-farm stocks, 610 million bushels, were up 13 percent from last March. Indicated disappearance for the December 2013 – February 2014 quarter totaled 1.16 billion bushels, up 20 percent from the same period a year earlier. All wheat stored in all positions on March 1, 2014, totaled 1.06 billion bushels, down 15 percent from a year ago. On-farm stocks were estimated at 238 million bushels, up slightly from last March. Off-farm stocks, 818 million bushels, were down 18 percent from a year ago. The December 2013 – February 2014 indicated disappearance was 419 million bushels, down 4 percent from the same period a year earlier.

Source: NASS