mn-press-releases MINNESOTA AG NEWS USDA, NASS MN Dept of Agriculture MINNESOTA FIELD OFFICE PO Box 7068, St. Paul, MN 55107 Douglas Hartwig, Director Phone: (651) 296-2230 Homepage: http://www.nass.usda.gov/mn/ E-mail: nass-mn@nass.usda.gov --------------------------------------------------------------------------- GRAIN STOCKS Released: January 11, 2008 --------------------------------------------------------------------------- MINNESOTA CORN AND SOYBEAN STOCKS DOWN FROM PREVIOUS YEAR Results from the Minnesota December 1, 2007 Grain Stocks Survey estimated SOYBEAN stocks in all positions at 265 million bushels according to the USDA, NASS, Minnesota Field Office. This was down 15 percent from the previous year’s record high of 312 million bushels. On farm stocks, at 160 million bushels, accounted for 60 percent of the total. CORN stored in all positions is 1.02 billion bushels, down 4 percent from a year ago. On farm stocks, at 750 million bushels, accounted for 74 percent of the total. ALL WHEAT stocks in all positions were down 19 percent from the previous year at 49 million bushels. This was the lowest December wheat stocks amount in over 30 years. On farm stocks of 27 million bushels accounted for 55 percent of the total. BARLEY stocks in all positions totaled 9.9 million bushels, down 32 percent from the previous year. This was the lowest December barley stocks level since the series began in 1949. On-farm stocks accounted for 22 percent of the total. OAT stocks in all positions totaled 25.2 million bushels, up 10 percent from the previous year. On farm stocks accounted for 19 percent of the total. U.S. HIGHLIGHTS CORN stored in all positions on December 1, 2007 totaled 10.3 billion bushels, up 15 percent from December 1, 2006. Of the total stocks, 6.53 billion bushels are stored on farms, up 16 percent from a year earlier. Off-farm stocks, at 3.74 billion bushels, are up 13 percent from a year ago. SOYBEANS stored in all positions on December 1, 2007 totaled 2.33 billion bushels, down 14 percent from December 1, 2006. Soybean stocks stored on farms totaled 1.10 billion bushels, down 25 percent from a year ago. Off-farm stocks, at 1.23 billion bushels, are down 1 percent from last December. ALL WHEAT stored in all positions on December 1, 2007 totaled 1.13 billion bushels, down 14 percent from a year ago. On-farm stocks are estimated at 290 million bushels, down 28 percent from last December. Off-farm stocks, at 838 million bushels, are down 8 percent from a year ago. DECEMBER 1 MINNESOTA & U.S. GRAIN STOCKS ON FARM OFF FARM TOTAL ALL POSITIONS % CHANGE COMMODITY PREVIOUS 2006 2007 2006 2007 2006 2007 YEAR -1,000 BUSHELS- MINNESOTA CORN 780,000 750,000 279,336 268,858 1,059,336 1,018,858 -4 SOYBEANS 205,000 160,000 106,786 105,442 311,786 265,442 -15 ALL WHEAT 40,000 27,000 20,596 22,078 60,596 49,078 -19 BARLEY 3,000 2,200 11,510 7,721 14,510 9,921 -32 OATS 6,600 4,700 16,256 20,450 22,856 25,150 +10 HAY 1/ 4,200 3,140 - - - - - - - - -25 UNITED STATES CORN 5,627,000 6,530,000 3,305,707 3,738,599 8,932,707 10,268,599 +15 SOYBEANS 1,461,000 1,100,000 1,240,366 1,229,405 2,701,366 2,329,405 -14 ALL WHEAT 403,250 289,540 911,408 838,371 1,314,658 1,127,911 -14 BARLEY 83,650 62,050 89,171 73,028 172,821 135,078 -22 OATS 53,000 43,100 45,889 51,370 98,889 94,470 -5 HAY 1/ 96,555 103,986 - - - - - - - - +8 1/ 1,000 tons S