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: March 31, 2008 --------------------------------------------------------------------------- MINNESOTA MARCH 1 WHEAT AND BARLEY STOCKS SMALLEST ON RECORD The Minnesota March 1 Grain Stocks Survey estimated SOYBEANS stored in all positions at 184 million bushels, down 19 percent from the previous year’s record high level, according to the USDA, NASS, Minnesota Field Office. On-farm storage of 115 million bushels accounted for 62 percent of the total. CORN stocks in all positions totaled 748 million bushels, an increase of approximately 5 million bushels from March 1, 2007. On-farm stocks at 520 million bushels accounted for 70 percent of the total. ALL WHEAT stocks in all positions totaled 23.5 million bushels, down 36 percent from a year earlier and the lowest March 1 level on record. On-farm stocks, at just 7 million bushels, accounted for 30 percent of the total. BARLEY stocks in all positions totaled 11.7 million bushels, the lowest March 1 level on record, and down 2 percent from March 1, 2007. On-farm barley stocks, at 1.2 million bushels, accounted for 10 percent of the total. OAT stocks in all positions totaled 23.4 million bushels, up 28 percent from a year earlier. On-farm stocks, at 4.0 million bushels, accounted for 17 percent of the total. U.S. STOCKS HIGHLIGHTS CORN stocks in all positions on March 1, 2008 totaled 6.86 billion bushels, up 13 percent from March 1, 2007. Of the total stocks, 3.78 billion bushels are stored on farms, up 14 percent from a year earlier. Off-farm stocks, at 3.08 billion bushels, are up 12 percent from a year ago. The December 2007 - February 2008 indicated disappearance is 3.42 billion bushels, compared with 2.86 billion bushels during the same period last year. SOYBEANS stored in all positions on March 1, 2008 totaled 1.43 billion bushels, down 20 percent from March 1, 2007. Soybean stocks stored on farms are estimated at 593 million bushels, down 35 percent from a year ago. Off-farm stocks, at 835 million bushels, are down 5 percent from last March. Indicated disappearance for the December 2007 - February 2008 quarter totaled 904 million bushels, down 1 percent from the same period a year earlier. ALL WHEAT stored in all positions on March 1, 2008 totaled 710 million bushels, down 17 percent from a year ago. On-farm stocks are estimated at 92.0 million bushels, down 52 percent from last March. Off-farm stocks, at 618 million bushels, are down 7 percent from a year ago. The December 2007 - February 2008 indicated disappearance is 422 million bushels, down 8 percent from the same period a year earlier. MARCH 1 MINNESOTA & U.S. GRAIN STOCKS TOTAL ALL ON FARM OFF FARM POSITIONS 2008/ COMMODIT 2007 2008 2007 2008 2007 2008 2007 -1,000 BUSHELS- PERCENT MINNESOTA CORN 530,000 520,000 212,545 227,560 742,545 747,560 101 SOYBEANS 157,000 115,000 70,627 69,264 227,627 184,264 81 ALL WHEAT 18,000 7,000 18,538 16,527 36,538 23,527 64 BARLEY 1,300 1,200 10,641 10,520 11,941 11,720 98 OATS 4,300 4,000 14,007 19,369 18,307 23,369 128 UNITED STATES CORN 3,330,000 3,780,000 2,738,250 3,078,895 6,068,250 6,858,895 113 SOYBEANS 910,000 593,000 876,887 835,102 1,786,887 1,428,102 80 ALL WHEAT 192,450 91,990 664,278 617,650 856,728 709,640 83 BARLEY 38,310 28,270 78,756 76,540 117,066 104,810 90 OATS 33,900 31,000 37,158 48,038 71,058 79,038 111