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, 2009 --------------------------------------------------------------------------- MINNESOTA MARCH 1 SOYBEAN, BARLEY STOCKS CONTINUE TO SHRINK The Minnesota March 1 Grain Stocks Survey estimated SOYBEANS stored in all positions at 137 million bushels, down 26 percent from 2008 and 40 percent below 2007, according to the USDA, NASS, Minnesota Field Office. On-farm storage of 90 million bushels accounted for 66 percent of the total. CORN stocks in all positions totaled 723 million bushels, down 3 percent from March 1, 2008. On-farm stocks at 520 million bushels accounted for 72 percent of the total. ALL WHEAT stocks in all positions totaled 41.6 million bushels, an increase of 18 million bushels from 2008. On-farm stocks, at 27 million bushels, accounted for 65 percent of the total. BARLEY stocks in all positions totaled 15.2 million bushels, down 12 percent from March 1, 2008. On-farm barley stocks, at 1.8 million bushels, accounted for 12 percent of the total. OAT stocks in all positions totaled 38.8 million bushels, up nearly 15.5 million bushels from last year. On-farm stocks, at 4.9 million bushels, accounted for 13 percent of the total. U.S. HIGHLIGHTS CORN stocks in all positions on March 1, 2009 totaled 6.96 billion bushels, up 1 percent from March 1, 2008. Of the total stocks, 4.09 billion bushels are stored on farms, up 8 percent from a year earlier. Off-farm stocks, at 2.87 billion bushels, are down 7 percent from a year ago. The December 2008 - February 2009 indicated disappearance is 3.12 billion bushels, compared with 3.42 billion bushels during the same period last year. SOYBEANS stored in all positions on March 1, 2009 totaled 1.30 billion bushels, down 9 percent from March 1, 2008. Soybean stocks stored on farms are estimated at 657 million bushels, up 11 percent from a year ago. Off-farm stocks, at 645 million bushels, are down 23 percent from last March. Indicated disappearance for the December 2008 - February 2009 quarter totaled 974 million bushels, up 5 percent from the same period a year earlier. ALL WHEAT stored in all positions on March 1, 2009 totaled 1.04 billion bushels, up 46 percent from a year ago. On-farm stocks are estimated at 280 million bushels, up 205 percent from last March. Off-farm stocks, at 756 million bushels, are up 23 percent from a year ago. The December 2008 - February 2009 indicated disappearance is 386 million bushels, down 9 percent from the same period a year earlier. MARCH 1 MINNESOTA & U.S. GRAIN STOCKS 2009 COMMODITY TOTAL ALL as a ON FARM OFF FARM POSITIONS % of 2008 2009 2008 2009 2008 2009 2008 -1,000 BUSHELS- MINNESOTA CORN 520,000 520,000 227,560 203,162 747,560 723,162 97 SOYBEANS 115,000 90,000 69,264 46,621 184,264 136,621 74 ALL WHEAT 7,000 27,000 16,527 14,597 23,527 41,597 177 BARLEY 1,200 1,800 16,034 13,355 17,234 15,155 88 OATS 4,000 4,900 19,369 33,914 23,369 38,814 166 UNITED STATES CORN 3,780,000 4,085,000 3,078,722 2,873,397 6,858,722 6,958,397 101 SOYBEANS 593,000 656,500 840,982 645,106 1,433,982 1,301,606 91 ALL WHEAT 91,990 280,200 617,280 756,372 709,270 1,036,572 146 BARLEY 28,270 44,060 82,154 83,895 110,424 127,955 116 OATS 31,000 30,000 47,988 65,364 78,988 95,364 121