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State Soybeans Stored in All Positions Up
Indiana Ag Connection - 02/12/2019

On December 1, 2018, Indiana corn stocks totaled 864 million bushels, 7 percent above a year earlier, according to Greg Matli, state statistician, USDA NASS, Indiana Field Office. About 69 percent of the corn was stored on farms. The first quarter disappearance was 244 million bushels, compared with 260 million bushels a year earlier. Soybean stocks on December 1, 2018, were 295 million bushels. That was 21 percent higher than stocks a year earlier and a December 1 record high. The first quarter indicated disappearance was 73.1 million bushels, compared with 98.5 million bushels during the same period a year ago. Farm stocks of soybeans were 190 million bushels. Wheat stocks on December 1, 2018, were 34.6 million bushels, 16 percent below a year ago. Ninety-seven percent of all wheat stocks were in commercial storage. Second quarter indicated disappearance was 6.39 million bushels, approximately 14 percent of supply.

Corn stocks in all positions on December 1, 2018, totaled 12.0 billion bushels, down 5 percent from December 1, 2017. Of the total stocks, 7.45 billion bushels were stored on farms, down 4 percent from a year earlier. Off-farm stocks, 4.50 billion bushels, were down 7 percent from a year ago. The September -- November 2018 indicated disappearance was 4.61 billion bushels, compared with 4.34 billion bushels during the same period last year. Soybeans stored in all positions on December 1, 2018, totaled 3.74 billion bushels, up 18 percent from December 1, 2017. Soybean stocks stored on farms were estimated at 1.94 billion bushels, up 30 percent from a year ago. Off-farm stocks, 1.80 billion bushels, were up 7 percent from last December.

Indicated disappearance for the September -- November 2018 quarter totaled 1.25 billion bushels, down 20 percent from the same period a year earlier. All wheat stored in all positions on December 1, 2018, totaled 2.00 billion bushels, up 7 percent from a year ago. On-farm stocks were estimated at 504 million bushels, up 28 percent from last December. Off-farm stocks, 1.50 billion bushels, were up 1 percent from a year ago. The September -- November 2018 indicated disappearance was 390 million bushels, down 1 percent from the same period a year earlier.

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