Michigan September Grain Stocks Much Tighter Than Year Earlier

State has lowest corn carryover in Michigan in more than a decade.

Published on: Oct 16, 2013

On Sept. 1, Michigan corn stocks totaled 17.6 million bushels, 29% lower than a year earlier. It is the lowest corn  carryover  in  Michigan  since  Sept.  1997,  according  to  Jay  Johnson,  Director  of  the  USDA,  NASS,  Great  Lakes Regional Office. About 48% of the corn was stored on farms. The fourth quarter disappearance was 55.8 million bushels, compared with 63.4 million bushels a year earlier.

Soybean stocks on Sept. 1, were 2 million bushels. That was 48% lower than stocks a year earlier. The fourth quarter indicated disappearance was 10.3 million bushels, compared with 17.2  million bushels  during  the  same  period  in  2012.  Farm  stocks  of  soybeans  were  300,000  bushels.  Wheat  stocks  on Sept. 1, were 47.5 million bushels, 22% above a year ago. Approximately 90% of wheat stocks were in commercial storage. First quarter indicated disappearance was 20.5 million bushels, compared with 27.1 million bushels during the same period last year.

Michigan September Grain Stocks Much Tighter Than Year Earlier
Michigan September Grain Stocks Much Tighter Than Year Earlier

U.S. old crop corn stocks in all positions on Sept. 1, totaled 824 million bushels, down 17% from Sept. 1, 2012. Of the total stocks, 275 million bushels were stored on farms, down 12% from a year earlier. Off-farm stocks, 549 million bushels, were down 19% from a year ago. The June - August 2013 indicated disappearance was 1.94 billion bushels,  compared  with  2.16  billion  bushels  during  the  same  period  last  year.

Old  crop  soybeans  stored  in  all  positions  on Sept. 1, totaled 141 million bushels, down 17% from a year earlier. Soybean stocks stored on farms were estimated at 39.6 million bushels, down 3% from a year ago. Off-farm stocks, 101 million bushels, were down 23% from last September. Indicated disappearance for the June - August 2013 quarter totaled 294 million bushels, down 41% from the same period a year earlier. All wheat stored in all positions on Sept. 1, 2013, totaled 1.85 billion bushels, down

12% from a year ago. On-farm stocks were estimated at 547 million bushels, down 5% from last Sept.. Off-farm stocks, 1.31 billion bushels, were down 15% from a year ago. The June - August 2013 indicated disappearance was 991 million bushels, up 10% from the same period a year earlier.