The USDA quarterly Grain Stocks Report released on January 12th documents storage of commodities produced in the U.S. classified according to on-site and remote facilities including elevators and commercial installations. Quantities of corn and soybeans, the two major crops relevant to poultry production were:-
“Corn stored in all positions on December 1st 2020 totaled 11.3 billion bushels, down slightly from December 1st 2019. Of the total stocks, 7.05 billion bushels are stored on farms, down 1 percent from a year earlier. Off-farm stocks, at 4.28 billion bushels, are up 1 percent from a year ago. Indicated disappearance for September through November 2020 is 4.78 billion bushels, compared with 4.51 billion bushels during the same period last year”.
“Soybeans stored in all positions on December 1st 2020 totaled 2.93 billion bushels, down 10 percent from December 1st 2019. Soybean stocks stored on farms totaled 1.31 billion bushels, down 14 percent from a year ago. Off-farm stocks, at 1.62 billion bushels, are down 6 percent from last December. Indicated disappearance for September through November 2020 totaled 1.73 billion bushels, up 43 percent from the same period a year earlier.