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USDA Grain Stocks Report

03/31/2022

The USDA quarterly Grain Stocks Report released on March 31st 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 stocks in all positions on March 1, 2022 totaled 7.85 billion bushels, up 2 percent from March 1, 2021. Of the total stocks, 4.08 billion bushels were stored on farms, up 1 percent from a year earlier. Off-farm stocks, at 3.77 billion bushels, are up 3 percent from a year ago. The December 2021 - February 2022 indicated disappearance is 3.79 billion bushels, compared with 3.60 billion bushels during the same period last year”.

 

“Soybeans stored in all positions on March 1, 2022 totaled 1.93 billion bushels, up 24 percent from March 1, 2021. Soybean stocks stored on farms are estimated at 750 million bushels, up 26 percent from a year ago. Off-farm stocks, at 1.18 billion bushels, are up 22 percent from last March. Indicated disappearance for the December 2021 - February 2022 quarter totaled 1.22 billion bushels, down 12 percent from the same period a year earlier”.

 

Prices and commentary are incorporated in the Weekly Commodity Report in this edition and WASDE #622 issued on March 9th under the STATISTICS tab.