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Indiana Grain Stocks Decline

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On September 1, 2016, Indiana corn stocks totaled 99.0 million bushels, 12 percent lower than a year earlier, according to Greg Matli, State Statistician, of the USDA, NASS, Indiana Field Office. About 28 percent of the corn was stored on farms. The fourth quarter disappearance was 202.4 million bushels, compared with 211.6 million bushels a year earlier. Soybean stocks on September 1, 2016, were 12.0 million bushels. That was 24 percent lower than stocks a year earlier. The fourth quarter indicated disappearance was 46.4 million bushels, compared with 36.8 million bushels during the same period in 2015. Farm stocks of soybeans were 2.9 million bushels. Wheat stocks on September 1, 2016, were 40.9 million bushels, 17 percent above a year ago. Ninety-three percent of all wheat stocks were in commercial storage. First quarter indicated disappearance was 2.0 million bushels, 4.7 percent of supply.

U.S. old crop corn stocks in all positions on September 1, 2016, totaled 1.74 billion bushels, up slightly from September 1, 2015. Of the total stocks, 627 million bushels were stored on farms, up 6 percent from a year earlier. Off-farm stocks, 1.11 billion bushels, were down 2 percent from a year ago. The June – August 2016 indicated disappearance was 2.97 billion bushels, compared with 2.72 billion bushels during the same period last year. Old crop soybeans stored in all positions on September 1, 2016, totaled 197 million bushels, up 3 percent from September 1, 2015. Soybean stocks stored on farms were estimated at 41.6 million bushels, down 16 percent from a year ago. Off-farm stocks, 155 million bushels, were up 10 percent from last September. Indicated disappearance for the June – August 2016 quarter totaled 675 million bushels, up 55 percent from the same period a year earlier. All wheat stored in all positions on September 1, 2016, totaled 2.53 billion bushels, up 21 percent from a year ago. On-farm stocks were estimated at 726 million bushels, up 12 percent from last September. Off-farm stocks, 1.80 billion bushels, were up 24 percent from a year ago. The June – August 2016 indicated disappearance was 758 million bushels, up 6 percent from the same period a year earlier.



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