The USDA quarterly Grain Stocks Report released on Mzrch 31^st 2023, 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:-

CORN

Corn stocks in all positions on March 1^st 2023 totaled 7.40 billion bushels, down 5 percent from March 1^st 2022. Of the total stocks, 4.11 billion bushels were stored on farms, up 1 percent from a year earlier. Off-farm stocks, at 3.29 billion bushels, are down 10 percent 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

Soybeans stored in all positions on March 1^st 2023 totaled 1.69 billion bushels, down 13 percent from March 1^st 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 percent from last March. Indicated disappearance for the December 2022 - February 2023 quarter totaled 1.34 billion bushels, up 11 percent from the same period a year earlier.

Prices and commentary are incorporated in the Weekly Commodity and Energy Report in this edition and a summary of the WASDE #634 released on March 8^th  are retrievable under the STATISTICS tab.