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Stocks Report Shows More Corn, Beans in Storage

The USDA’s Grain Stocks Report shows corn stocks in all positions on March 1, 2024, totaled 8.35 billion bushels, up 13 percent from March 1, 2023.

Of the total stocks, 5.08 billion bushels were stored on farms, 24 percent higher than last year. Off-farm stocks were down one percent from a year ago. Soybeans stored in all positions on March 1, 2024, totaled 1.85 billion bushels, nine percent higher than March 1, 2023. Soybean stocks on farms are estimated at 933 million bushels, 24 percent higher than a year ago. Off-farm stocks were down three percent from last March.

All wheat in stored positions on March 1, 2024, totaled 1.09 billion bushels, up 16 percent from a year ago. On-farm stocks are estimated at 272 million bushels, up 20 percent from last March. Durum wheat stocks in all positions on March 1, 2024, totaled 36.6 million bushels, two percent above 2023.

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