March 1 Grain Stocks Report

Issue:  PR-122-08
Released:  March 31, 2008
For information contact:  Doug Wong or Betty Johnson.

On March 1, 2008, Texas wheat and sorghum stocks were up from a year ago according to figures released by the USDA-NASS, Texas Field Office.

Total stocks of wheat in all positions, at 52.3 million bushels, were up 18 percent from last year’s level of 44.5 million bushels.  On-farm stocks totaled 800,000 bushels compared with 600,000 bushels a year ago.  Off-farm wheat stocks, at 51.5 million bushels, accounted for 98 percent of all wheat stocks.

Sorghum stocks on March 1 totaled 33.4 million bushels, up 36 percent from the previous year.  On-farm stocks totaled 1.9 million bushels, compared with 600,000 bushels a year ago.  Off-farm sorghum stocks, at 31.5 million bushels, accounted for 94 percent of all sorghum stocks.

The Texas Field Office does not publish corn stocks on farms, but off-farm stocks, at 78.2 million bushels, were up 11 percent from a year earlier.

Total stocks of corn in the United States on March 1, 2008 were 6.86 billion bushels, up 13 percent from March 1, 2007.  All wheat stocks were estimated at 710 million bushels in all positions, down 17 percent from March 1, 2007.  U.S. stocks of sorghum totaled 186 million bushels, up 30 percent from March 1, 2007.  Stocks of soybeans in all positions totaled 1.43 billion bushels, down 20 percent from March 1, 2007.