Iowa Corn and Soybeans in Storage Down from 2022

Corn stored in all positions in Iowa on December 1, 2022, totaled 2.04 billion bushels, down 2 percent from December 1, 2021, according to the latest USDA, National Agricultural Statistics Service – Grain Stocks report. Of the total stocks, 62 percent were stored on-farm. The September-November indicated disappearance totaled 700 million bushels, 2 percent below the 712 million bushels from the same quarter the previous year.

Soybeans stored in all positions in Iowa on December 1, 2022, totaled 481 million bushels, down 10 percent from December 1, 2021. Of the total stocks, 45 percent were stored on-farm. Indicated disappearance for SeptemberNovember 2022 was 157 million bushels, 11 percent above the 142 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.