Iowa Corn & Bean Stocks Up, Report Says
Date posted - June 30, 2016
Northwest Iowa — Iowa corn stocks in all positions on June 1st of this year totaled 1.02-billion bushels, up 16 percent from June 1, 2015, according
to the latest USDA, National Agricultural Statistics Service Grain Stocks report.
The report shows that 57% of the total corn stocks were stored on-farm. The report says the March through May, 2016 indicated disappearance totaled 518-million bushels, 13-percent below the 597-million bushels used during the same period last year.
Iowa soybeans stored in all positions on June 1st totaled 183 million bushels, which is up 46-percent from the 126-million bushels on hand June 1st of last year, according to the report.
The report says that, of the total stocks, 29-percent were stored on-farm. Indicated disappearance for March through May, 2016 is 145-million bushels, which is 10-percent more than the 132-million bushels used during the same quarter last year.
Click here to view the entire USDA, National Agricultural Statistics Service Grain Stocks report.