USDA March Grain Stocks Report: Corn Stocks Down 5% From March 2022, Soybeans Down 13%, and All Wheat Down 8%

According to the March USDA Grain Stocks Report, corn stocks in all positions on March 1, 2023 totaled 7.40 billion bushels, down 5% from March 1, 2022.

Of the total stocks, 4.11 billion bushels were stored on farms, up 1% from a year earlier. Off-farm stocks, at 3.29 billion bushels, are down 10% from a year ago.

The December 2022 - February 2023 indicated disappearance is 3.42 billion bushels, compared with 3.88 billion bushels during the same period last year.

Soybeans stored in all positions on March 1, 2023 totaled 1.69 billion bushels, down 13% from March 1, 2022.

Soybean stocks stored on farms are estimated at 750 million bushels, down slightly from a year ago.

Off-farm stocks, at 936 million bushels, are down 21% from last March. Indicated disappearance for the December 2022 - February 2023 quarter totaled 1.34 billion bushels, up 11% from the same period a year earlier.

All wheat stored in all positions on March 1, 2023 totaled 946 million bushels, down 8% from a year ago. On-farm stocks are estimated at 227 million bushels, up 30% from last March.

Off-farm stocks, at 719 million bushels, are down 16% from a year ago. The December 2022 - February 2023 indicated disappearance is 366 million bushels, 5% above the same period a year earlier.

Read the full report here.