Ohio’s old crop corn stocks are up from last year’s total

REYNOLDSBURG, Ohio — Ohio’s old crop corn stocks in all positions Sept. 1 totaled 75.4 million bushels, 83 percent above the 41.3 million bushels stored one year ago.

On-farm stocks, at 27 million bushels, accounted for 36 percent of the total stored and increased 93 percent from the 14 million bushels last year. Off-farm stocks increased 77 percent from a year ago to 48.4 million bushels.

Soybeans

Ohio’s old crop soybean stocks in all positions Sept. 1 totaled 7.6 million bushels, down 68 percent from one year ago. On-farm storage at 2.4 million bushels accounted for 32 percent of total storage, compared to 18 percent Sept. 1 of last year.

On farm stocks are down 44 percent from a year ago. Off-farm storage decreased 73 percent from 2007 to 5.2 million bushels.

All wheat stocks in Ohio Sept. 1 totaled 70.7 million bushels, up 17 percent from the previous year. Off-farm stocks, at 65.8 million bushels, accounted for 93 percent of total stocks. On-farm stock as of Sept. 1, at 4.9 million bushels, increased 133 percent from one year ago.

National

U.S. old crop corn stocks in all positions Sept. 1 totaled 1.62 billion bushels, up 25 percent from one year ago. Of the total stocks, 500 million bushels are stored on farms, up 9 percent from a year earlier. Off-farm stocks, at 1.12 billion bushels, are up 33 percent from a year ago.

The June-August 2008 indicated disappearance is 2.40 billion bushels, compared with 2.23 billion bushels during the same period last year.

U.S. old crop soybeans stored in all positions Sept. 1 totaled 205 million bushels, down 64 percent from one year ago. Soybean stocks stored on farms totaled 47 million bushels, down 67 percent from a year ago. Off-farm stocks, at 158 million bushels, are down 63 percent from last September.

Indicated disappearance for June-August 2008 totaled 471 million bushels, down 9 percent from the same period a year earlier.

Wheat

U.S. all wheat stored in all positions Sept. 1 totaled 1.86 billion bushels, up 8 percent from a year ago. On-farm stocks are estimated at 635 million bushels, up 28 percent from last September. Off-farm stocks, at 1.22 billion bushels, are down slightly from a year ago. The June-August 2008 indicated disappearance is 949 million bushels, up 18 percent from the same period a year earlier.

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