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USDA Grain Stocks Report


The USDA quarterly Grain Stocks Report released on January 12th 2022 documented storage of the major commodities, classified according to on-site and remote facilities including elevators and commercial installations. Quantities of corn and soybeans, the two major commodities relevant to the cost of poultry production were stated to be:-


Corn stored in all positions on December 1, 2021 totaled 11.6 billion bushels, up 3 percent from December 1, 2020. Of the total stocks, 7.23 billion bushels are stored on farms, up 3 percent from a year earlier. Off-farm stocks, at 4.41 billion bushels, are up 4 percent from a year ago. The September - November 2021 indicated disappearance is 4.70 billion bushels, compared with 4.74 billion bushels during the same period last year”.


“Soybeans stored in all positions on December 1, 2021 totaled 3.15 billion bushels, up 7 percent from December 1, 2020. Soybean stocks stored on farms totaled 1.52 billion bushels, up 16 percent from a year ago. Off-farm stocks, at 1.63 billion bushels, are down one percent from last December. Indicated disappearance for September - November 2021 totaled 1.54 billion bushels, down 14 percent from the same period a year earlier”.


Prices and commentary are incorporated in the Weekly Commodity Report in this edition and the mid-month WASDE #620 issued on January 12th.