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USDA Grain Stocks Report


The USDA quarterly Grain Stocks Report released on Mzrch 31st 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 stocks in all positions on March 1st 2023 totaled 7.40 billion bushels, down 5 percent from March 1st 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 stored in all positions on March 1st 2023 totaled 1.69 billion bushels, down 13 percent from March 1st 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 8th  are retrievable under the STATISTICS tab.