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.
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.