Soybean Stocks Down 31%
From USDA:
Released March 31, 2021, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).
- Corn Stocks Down 3 Percent from March 2020
- Soybean Stocks Down 31 Percent
- All Wheat Stocks Down 7 Percent
Corn stocks in all positions on March 1, 2021 totaled 7.70 billion bushels,
down 3 percent from March 1, 2020. Of the total stocks, 4.04 billion bushels
were stored on farms, down 9 percent from a year earlier. Off-farm stocks, at
3.66 billion bushels, are up 5 percent from a year ago. The
December 2020 - February 2021 indicated disappearance is 3.59 billion
bushels, compared with 3.38 billion bushels during the same period last year.
Soybeans stored in all positions on March 1, 2021 totaled 1.56 billion
bushels, down 31 percent from March 1, 2020. Soybean stocks stored on farms
are estimated at 594 million bushels, down 41 percent from a year ago.
Off-farm stocks, at 970 million bushels, are down 22 percent from last March.
Indicated disappearance for the December 2020 - February 2021 quarter totaled
1.38 billion bushels, up 39 percent from the same period a year earlier.
All wheat stored in all positions on March 1, 2021 totaled 1.31 billion
bushels, down 7 percent from a year ago. On-farm stocks are estimated at
284 million bushels, down 16 percent from last March. Off-farm stocks, at
1.03 billion bushels, are down 4 percent from a year ago. The
December 2020 - February 2021 indicated disappearance is 388 million bushels,
9 percent below the same period a year earlier.
Durum wheat stocks in all positions on March 1, 2021 totaled 42.7 million
bushels, down 17 percent from a year ago. On-farm stocks, at 22.6 million
bushels, are down 4 percent from March 1, 2020. Off-farm stocks totaled
20.1 million bushels, down 28 percent from a year ago. The
December 2020 - February 2021 indicated disappearance of 18.9 million bushels
is 46 percent above the same period a year earlier.
Barley stocks in all positions on March 1, 2021 totaled 120 million bushels,
up 4 percent from March 1, 2020. On-farm stocks are estimated at 55.9 million
bushels, 8 percent above a year ago. Off-farm stocks, at 64.5 million
bushels, are 1 percent above March 2020. The December 2020 - February 2021
indicated disappearance totaled 28.2 million bushels, 33 percent below the
same period a year earlier.
Oats stored in all positions on March 1, 2021 totaled 51.5 million bushels,
8 percent above the stocks on March 1, 2020. Of the total stocks on hand,
16.9 million bushels were stored on farms, down 1 percent from a year ago.
Off-farm stocks totaled 34.6 million bushels, up 13 percent from the previous
year. Indicated disappearance during December 2020 - February 2021 totaled
11.1 million bushels, 78 percent above the same period a year ago.
Grain sorghum stored in all positions on March 1, 2021 totaled 137 million
bushels, down 17 percent from a year ago. On-farm stocks, at 5.12 million
bushels, are down 70 percent from last March. Off-farm stocks, at 131 million
bushels, are down 11 percent from a year earlier. The
December 2020 - February 2021 indicated disappearance from all positions is
83.1 million bushels, 3 percent below the same period last year.
Sunflower stocks in all positions on March 1, 2021 totaled 1.07 billion
pounds, 40 percent above March 1, 2020. All stocks stored on farms totaled
415 million pounds and off-farm stocks totaled 659 million pounds. Stocks of
oil type sunflower seed are 888 million pounds; of this total, 331 million
pounds are on-farm stocks and 557 million pounds are off-farm stocks. Non-oil
sunflower stocks totaled 186 million pounds, with 83.8 million pounds stored
on the farm and 102 million pounds stored off the farm.
This report was approved on March 31, 2021.
Secretary of Agriculture
Designate
Seth Meyer
Agricultural Statistics Board
Chairperson
Joseph L. Parsons
