Old crop corn stocks as of September 1, 2021, totaled 1.24 billion bushels, down 36 percent from the same time last year, according to the Department of Agriculture’s Grain Stocks Report. USDA reports 395 million bushels were stored on farms, down 47 percent from last year. Off-farm stocks, at 842 million bushels, were down 28 percent from a year ago.
Old crop soybeans storage totaled 256 million bushels, down 51 percent from a year ago. Off-farm stocks, at 188 million bushels, were down 51 percent from last September.
Wheat storage totaled 1.78 billion bushels, down 18 percent from a year ago.
USDA’s National Agricultural Statistics Service also released the Small Grain Annual Summary. All wheat production totaled 1.65 billion bushels in 2021, down ten percent from the revised 2020 total. Area harvested for grain totaled 37.2 million acres, up one percent from 2020. The U.S. yield was estimated at 44.3 bushels per acre, down 5.4 bushels from 2020.
