Ohio corn and soybeans stocks up, wheat down from previous year

REYNOLDSBURG, Ohio – Corn stocks in all positions in Ohio on Dec. 1 totaled nearly 422.0 million bushels, 12 percent above the 376.5 million bushels stored on Dec. 1, 2003.
On-farm stocks, at 275.0 million bushels, increased 12 percent from the 245.0 million bushels on Dec. 1, 2003. On farm stocks account for 65 percent of the total stored. Off-farm stocks also increased 12 percent from a year ago to slightly less than 147.0 million bushels.
Soybean stocks in Ohio totaled 150.8 million bushels on Dec. 1, up 35 percent from the previous December. Off-farm storage accounted for 38 percent of total storage, compared with 43 percent the previous year.
Off-farm stocks at 56.8 million bushels are 19 percent above the 47.9 million bushels on hand Dec. 1, 2003. On farm stocks at 94.0 million bushels are up 47 percent from the 64.0 million bushels stored at the same time last year.
All wheat stored in Ohio as of Dec. 1 totaled 56.3 million bushels, down 2 percent from 2003. Off-farm stocks, at 55.0 million bushels, account for 97.7 percent of total stocks. Off-farm stocks were down 1 percent from Dec. 1, 2003.
Highest since 1987. U.S. corn stocks in all positions on Dec. 1, 2004, totaled 9.45 billion bushels, up 19 percent from Dec. 1, 2003. This is the highest Dec. 1 stocks level since 1987.
Of the total stocks, 6.14 billion bushels are stored on farms, up 16 percent from a year earlier. Off-farm stocks, at 3.30 billion bushels, are up 24 percent from a year ago.
The September – November 2004 indicated disappearance is 3.32 billion bushels, compared with 3.22 billion bushels during the same period last year.
Highest level ever. U.S. soybeans stored in all positions on Dec. 1, 2004, totaled 2.30 billion bushels, up 36 percent from Dec. 1, 2003. This is the largest Dec. 1 stocks level on record, exceeding the previous record set in 2001 by 1 percent.
Soybean stocks stored on farms totaled 1.30 billion bushels, up 59 percent from a year ago and set a new record high by 5 percent. Off-farm stocks, at 1.00 billion bushels, are up 16 percent from last December. Indicated disappearance for September – November 2004 totaled 949 million bushels, up 1 percent from the same period a year earlier.
U.S. wheat stored in all positions on Dec. 1, 2004, totaled 1.43 billion bushels, down 6 percent from a year ago. On-farm stocks are estimated at 531 million bushels, up 8 percent from last December.
Off-farm stocks, at 900 million bushels, are down 13 percent from a year ago. The September – November 2004 indicated disappearance is 508 million bushels, down 2 percent from the same period a year earlier.