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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

USDA Grain Stocks Report

04/01/2021

The USDA quarterly Grain Stocks Report released on March 31st 2021 documented 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 commodities relevant to poultry production were:-

 

“Corn stocks in all positions on March 1st 2021 totaled 7.70 billion bushels, down 3 percent from March 1st 2020. Of the total stocks, 4.04 billion bushels were stored on farms, down 9 percent from a year earlier. Off-farm stocks, at 3.66 billion bushels, are up 5 percent from a year ago. The December 2020 - February 2021 indicated disappearance is 3.59 billion bushels, compared with 3.38 billion bushels during the same period last year”.

 

“Soybeans stored in all positions on March 1st 2021 totaled 1.56 billion bushels, down 31 percent from March 1st 2020. Soybean stocks stored on farms are estimated at 594 million bushels, down 41 percent from a year ago. Off-farm stocks, at 970 million bushels, are down 22 percent from last March. Indicated disappearance for the December 2020 - February 2021 quarter totaled 1.38 billion bushels, up 39 percent from the same period a year earlier.”

 

The Grain Stocks report taken in conjunction with the Prospective Planting report sent both corn and soybeans to limit-up at close of trading on March 31st on the CME.


 
Copyright © 2021 Simon M. Shane