Ohio Ag Connection - Ohio March 1 Grain Stocks Below 2019 Levels

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Ohio March 1 Grain Stocks Below 2019 Levels
Ohio Ag Connection - 04/02/2020

On March 1, 2020, Ohio corn stocks totaled 304 million bushels, approximately 20 percent below a year earlier, according to Cheryl Turner, State Statistician, USDA NASS, Ohio Field Office. About 61 percent of the corn was stored on farms. The second quarter disappearance was 97.7 million bushels, compared with 147 million bushels a year earlier.

Soybean stocks on March 1, 2020, were 152 million bushels. That was 11 percent lower than stocks a year earlier. The second quarter indicated disappearance was 60.3 million bushels, compared with 81.3 million bushels during the same period a year ago. Farm stocks of soybeans were 74 million bushels.

Wheat stocks on March 1, 2020, were 36.4 million bushels, 35 percent below a year ago. Almost all wheat stocks were in commercial storage. Third quarter indicated disappearance was 12.9 million bushels, compared with 17.0 million bushels during the same period last year.

Corn stored in all positions on March 1, 2020, totaled 7.95 billion bushels, down 8 percent from March 1, 2019. Of the total stocks, 4.45 billion bushels were stored on farms, down 13 percent from a year earlier. Off-farm stocks, 3.50 billion bushels, were up slightly from a year ago. The December 2019 - February 2020 indicated disappearance was 3.45 billion bushels, compared with 3.32 billion bushels during the same period last year.

Soybeans stored in all positions on March 1, 2020, totaled 2.25 billion bushels, down 17 percent from March 1, 2019. Soybean stocks stored on farms were estimated at 1.01 billion bushels, down 20 percent from a year ago. Off-farm stocks, 1.24 billion bushels, were down 15 percent from last March. Indicated disappearance for the December 2019 - February 2020 quarter totaled 1.00 billion bushels, down 1 percent from the same period a year earlier.

All wheat stored in all positions on March 1, 2020, totaled 1.41 billion bushels, down 11 percent from a year ago. On-farm stocks were estimated at 339 million bushels, down 8 percent from last March. Off-farm stocks, 1.07 billion bushels, were down 12 percent from a year ago. The December 2019 - February 2020 indicated disappearance was 428 million bushels, 3 percent above the same period a year earlier.

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