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Good Rally for Wheat, Canola, USDA Wheat Stocks Down 16 Percent.

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    Good Rally for Wheat, Canola, USDA Wheat Stocks Down 16 Percent.

    From USDA

    Grain Stocks

    ISSN: 1949-0925

    Released March 30, 2012, by the National Agricultural Statistics Service
    (NASS), Agricultural Statistics Board, United States Department of
    Agriculture (USDA).

    Corn Stocks Down 8 Percent from March 2011
    Soybean Stocks Up 10 Percent
    All Wheat Stocks Down 16 Percent

    Corn stocks in all positions on March 1, 2012 totaled 6.01 billion bushels,
    down 8 percent from March 1, 2011. Of the total stocks, 3.19 billion bushels
    are stored on farms, down 6 percent from a year earlier. Off-farm stocks, at
    2.82 billion bushels, are down 10 percent from a year ago. The
    December 2011 - February 2012 indicated disappearance is 3.64 billion
    bushels, compared with 3.53 billion bushels during the same period last year.

    Soybeans stored in all positions on March 1, 2012 totaled 1.37 billion
    bushels, up 10 percent from March 1, 2011. Soybean stocks stored on farms are
    estimated at 555 million bushels, up 10 percent from a year ago. Off-farm
    stocks, at 817 million bushels, are up 10 percent from last March. Indicated
    disappearance for the December 2011 - February 2012 quarter totaled
    998 million bushels, down 3 percent from the same period a year earlier.

    All wheat stored in all positions on March 1, 2012 totaled 1.20 billion
    bushels, down 16 percent from a year ago. On-farm stocks are estimated at
    217 million bushels, down 25 percent from last March. Off-farm stocks, at
    983 million bushels, are down 14 percent from a year ago. The
    December 2011 - February 2012 indicated disappearance is 462 million bushels,
    down 9 percent from the same period a year earlier.

    Durum wheat stocks in all positions on March 1, 2012 totaled 35.3 million
    bushels, down 37 percent from a year ago. On-farm stocks, at 17.4 million
    bushels, are down 51 percent from March 1, 2011. Off-farm stocks totaled
    17.9 million bushels, down 13 percent from a year ago. The
    December 2011 - February 2012 indicated disappearance of 13.2 million bushels
    is up 10 percent from the same period a year earlier.

    Barley stocks in all positions on March 1, 2012 totaled 93.7 million bushels,
    down 32 percent from March 1, 2011. On-farm stocks are estimated at
    26.5 million bushels, 54 percent below a year ago. Off-farm stocks, at
    67.2 million bushels, are 16 percent below March 2011. The
    December 2011 - February 2012 indicated disappearance totaled 45.3 million
    bushels, 7 percent above the same period a year earlier.

    Oats stored in all positions on March 1, 2012 totaled 72.5 million bushels,
    16 percent below the stocks on March 1, 2011. Of the total stocks on hand,
    19.8 million bushels are stored on farms, down 27 percent from a year ago.
    Off-farm stocks totaled 52.8 million bushels, down 11 percent from the
    previous year. Indicated disappearance during December 2011 - February 2012
    totaled 6.60 million bushels, down 55 percent from the same period a year
    ago.

    Grain sorghum stored in all positions on March 1, 2012 totaled 108 million
    bushels, down 37 percent from a year ago. On-farm stocks, at 12.8 million
    bushels, are down 2 percent from last March. Off-farm stocks, at 95.1 million
    bushels, are down 40 percent from a year earlier. The
    December 2011 - February 2012 indicated disappearance from all positions is
    43.0 million bushels, down 35 percent from the same period last year.

    Sunflower stocks in all positions on March 1, 2012 totaled 910 million
    pounds, up 4 percent from March 1, 2011. All stocks stored on farms totaled
    377 million pounds and off-farm stocks totaled 533 million pounds. Stocks of
    oil type sunflower seed are 732 million pounds; of this total, 298 million
    pounds are on-farm stocks and 434 million pounds are off-farm stocks. Non-oil
    sunflower stocks totaled 178 million pounds, with 78.7 million pounds stored
    on the farm and 99.5 million pounds stored off the farm.

    This report was approved on March 30, 2012.

    Secretary of
    Agriculture
    Thomas J. Vilsack

    Agricultural Statistics Board
    Chairperson
    Hubert Hamer



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