Minnesota Wheat Stores Up 18 Percent

Corn stored in all positions in Minnesota on December 1, 2022, totaled 1.25 billion bushels, up 2 percent from December 1, 2021, according to the latest USDA, National Agricultural Statistics Service – Grain Stocks report. Of the total stocks, 72 percent were stored on-farm. The September-November indicated disappearance totaled 357 million bushels, 33 percent above the 268 million bushels from the same quarter the previous year.

Soybeans stored in all positions in Minnesota on December 1, 2022, totaled 247 million bushels, down 8 percent from December 1, 2021. Of the total stocks, 57 percent were stored on-farm. Indicated disappearance for September-November 2022 was 149 million bushels, 29 percent above the 115 million bushels from the same quarter the previous year.

All wheat stored in all positions in Minnesota on December 1, 2022, totaled 65.7 million bushels, up 18 percent from December 1, 2021. Of the total stocks, 62 percent were stored on-farm. Indicated disappearance for September-November 2022 was 17.4 million bushels, down 10 percent from the 19.4 million bushels from the same quarter the previous year.

Corn stored in all positions on December 1, 2022, totaled 10.8 billion bushels, down 7 percent from December 1, 2021. Of the total stocks, 6.75 billion bushels are stored on farms, down 7 percent from a year earlier. Off-farm stocks, at 4.06 billion bushels, are down 8 percent from a year ago. The September - November 2022 indicated disappearance is 4.30 billion bushels, compared with 4.67 billion bushels during the same period last year.

Soybeans stored in all positions on December 1, 2022, totaled 3.02 billion bushels, down 4 percent from December 1, 2021. Soybean stocks stored on farms totaled 1.48 billion bushels, down 3 percent from a year ago. Off-farm stocks, at 1.55 billion bushels, are down 4 percent from last December. Indicated disappearance for September-November 2022 totaled 1.53 billion bushels, down 4 percent from the same period a year earlier.

Oats stored in all positions on December 1, 2022, totaled 53.6 million bushels, down 3 percent from the stocks on December 1, 2021. Of the total stocks on hand, 24.2 million bushels are stored on farms, up 30 percent from a year ago. Off-farm stocks totaled 29.4 million bushels, down 20 percent from the previous year. Indicated disappearance during September-November 2022 totaled 8.96 million bushels.