Illinois Ag Connection - State Soybean and Wheat Stocks Down from 2019

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State Soybean and Wheat Stocks Down from 2019
Illinois Ag Connection - 01/14/2021

Corn stocks in all positions on December 1, 2020 totaled 1.85 billion bushels, up 4 percent from December 1, 2019. On-farm stocks totaled 1.00 billion bushels, while off-farm stocks totaled 849 million bushels. The September - November 2020 indicated disappearance is 534 million bushels.

Soybean stocks in all positions on December 1, 2020 totaled 536 million bushels, down 9 percent from December 1, 2019. On-farm stocks totaled 235 million bushels, while off-farm stocks totaled 301 million bushels. The September - November 2020 indicated disappearance is 135 million bushels.

All wheat stocks in all positions on December 1, 2020 totaled 23.3 million bushels, down slightly from December 1, 2019. On-farm stocks totaled 1.15 million bushels, while off-farm stocks totaled 22.1 million bushels. The September - November 2020 indicated disappearance is 5.13 million bushels.

Corn stocks in all positions on December 1, 2020, totaled 11.3 billion bushels, down slightly from December 1, 2019. Of the total stocks, 7.05 billion bushels were stored on farms, down 1 percent from a year earlier. Off-farm stocks, 4.28 billion bushels, were up 1 percent from a year ago. The September - November 2020 indicated disappearance was 4.78 billion bushels, compared with 4.51 billion bushels during the same period last year. Soybeans stored in all positions on December 1, 2020, totaled 2.93 billion bushels, down 10 percent from December 1, 2019. Soybean stocks stored on farms totaled 1.31 billion bushels, down 14 percent from a year ago. Off-farm stocks, 1.62 billion bushels, were down 6 percent from last December. Indicated disappearance for September - November 2020 totaled 1.73 billion bushels, up 43 percent from the same period a year earlier. All wheat stored in all positions on December 1, 2020, totaled 1.67 billion bushels, down 9 percent from a year ago. On-farm stocks were estimated at 483 million bushels, down 7 percent from last December. Off-farm stocks, 1.19 billion bushels, were down 10 percent from a year ago. The September - November 2020 indicated disappearance was 484 million bushels, 4 percent below the same period a year earlier.

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