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Ending stocks tighter

By Staff | Jan 27, 2012

Iowa

Corn stored in all positions on Dec. 1, 2011 totaled 1.95 billion bushels, up 3 percent from Dec. 1, 2010, according to the USDA National Agricultural Statistics Service’s Grain Stocks report released Jan. 12. Sixty-four percent of the total stocks were stored on-farm.

The September to November 2011 indicated disappearance totaled 671 million bushels, 2 percent above the 659 million bushels used during the same quarter last year.

Soybeans stored in all positions on Dec. 1. 2011 totaled 422 million bushels, up 9 percent from the 387 million bushels on hand Dec. 1, 2010. Forty-four percent of the total stocks were stored on-farm. Indicated disappearance for September to December 2011 is 91 million bushels, 38 percent less than the 147 million bushels used during the same quarter last year.

United States

Corn stored in all positions on Dec. 1, 2011 totaled 9.64 billion bushels, down 4 percent from Dec. 1, 2010. Of the total stocks, 6.18 billion bushels are stored on farms, down 2 percent from a year earlier.

Off-farm stocks, at 3.47 billion bushels, are down 8 percent from a year ago. The September to November 2011 indicated disappearance is 3.84 billion bushels, compared with 4.10 billion bushels during the same period last year.

Soybeans stored in all positions on Dec. 1, 2011 totaled 2.37 billion bushels, up 4 percent from Dec. 1, 2010. Soybean stocks stored on farms totaled 1.14 billion bushels, up 4 percent from a year ago.

Off-farm stocks, at 1.23 billion bushels, are up 3 percent from last December.

Indicated disappearance for September to November 2011 totaled 905 million bushels, down 25 percent from the same period a year earlier.

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