North Dakota Ag Connection - N.D. Wheat Stocks Up 3 Percent from Last Year

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N.D. Wheat Stocks Up 3 Percent from Last Year
North Dakota Ag Connection - 01/16/2017

All wheat stored in all positions in North Dakota on December 1, 2016 totaled 264 million bushels, up 3 percent from a year ago, according to the USDA's National Agricultural Statistics Service. On-farm stocks of 195 million bushels are up 8 percent from 2015, while off-farm stocks, at 68.5 million bushels, are down 9 percent from last year.

Durum wheat stored totaled 34.5 million bushels, up 21 percent from a year ago. On-farm stocks of 30.5 million bushels are up 27 percent from 2015, while off-farm stocks, at 3.99 million bushels, are down 10 percent from last year.

Barley stored in all positions totaled 60.9 million bushels, down 6 percent from 2015. On-farm stocks are 38.0 million bushels, down 16 percent from last year, while off-farm stocks, at 22.9 million bushels, are up 17 percent from last year and a record high.

Corn stocks totaled 397 million bushels, up 49 percent from a year ago. Of the total, 280 million bushels are stored on farms, up 47 percent from a year ago and a record high, while off-farm stocks, at 117 million bushels, are up 53 percent from last year and a record high.

Soybean stocks totaled 121 million bushels, up 8 percent from last year. On-farm stocks, at 57.0 million bushels, are down 14 percent from a year ago, while off-farm stocks, at 63.6 million bushels, are up 38 percent from 2015 and a record high.

Oat stocks totaled 5.41 million bushels, down 12 percent from last year. On-farm stocks, at 4.60 million bushels, are down 16 percent from a year ago, while off-farm stocks, at 808 thousand bushels, are up 21 percent from 2015.

Hay stocks totaled 4.70 million tons on December 1, down 8 percent from last year.

Grain storage capacity in North Dakota totaled 1.34 billion bushels, up 31.0 million from December 1, 2015. Total grain storage capacity is comprised of 880 million bushels of on-farm storage, unchanged from last year, and 455 million bushels of off-farm storage, up 31.0 million bushels from 2015.

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