Minnesota Ag Connection - State Grain Stocks Up Double Digits from 2015

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State Grain Stocks Up Double Digits from 2015
Minnesota Ag Connection - 07/01/2016

Minnesota corn stocks in all positions on June 1, 2016, totaled 615 million bushels, up 31 percent from June 1, 2015, according to the latest USDA, National Agricultural Statistics Service--Grain Stocks report. Of the total stocks, 72 percent were stored on-farm. The March-May indicated disappearance totaled 324 million bushels, 7 percent more than the 303 million bushels used during the same period last year.

Minnesota soybeans stored in all positions on June 1, 2016, totaled 101 million bushels, up 83 percent from the 55.0 million bushels on hand June 1, 2015. Of the total stocks, 48 percent were stored on-farm. Indicated disappearance for March-May was 65.3 million bushels, 3 percent less than the 67.2 million bushels used during the same quarter last year.

Minnesota oats stocks stored in all positions on June 1, 2016, totaled 19.6 million bushels, 27 percent above the stocks on June 1, 2015. Of the total stocks, 84 percent were stored off-farm.

Minnesota all wheat stocks stored in all positions on June 1, 2016, totaled 58.9 million bushels, up 30 percent from the 45.3 million bushels on June 1, 2015. Of the total stocks, 38 percent were stored on-farm. The March-May indicated disappearance was 18.0 million bushels, 31 percent more than the 13.8 million bushels used in the same quarter last year.

Minnesota barley stocks stored in all positions on June 1, 2016, totaled 6.17 million bushels, 16 percent above the stocks on June 1, 2015. Of the total stocks, 29 percent were stored on-farm. Indicated disappearance for March-May was 1.95 million bushels, 8 percent less than the 2.12 million bushels used in the same quarter last year.

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