In a recent USDA report, it was revealed that corn stocks in Wisconsin reached an impressive 208 million bushels on June 1, 2023, marking a 6 percent increase from the previous year. Over half of these stocks were stored on-farm, highlighting the pivotal role of local agriculture. However, the indicated disappearance for the March-May 2023 quarter saw a 20 percent decline compared to the previous year, totaling 106 million bushels.
Soybean stocks in Wisconsin experienced a decline of 8 percent, amounting to 26.7 million bushels. Around 26 percent of these stocks were stored on-farm. The indicated disappearance for the same quarter was slightly lower than the previous year, with 26.0 million bushels.
The overall grain stocks in the United States also witnessed notable fluctuations. Corn stocks totaled 4.11 billion bushels on June 1, 2023, a 6 percent decrease from the previous year. On-farm stocks increased by 5 percent, while off-farm stocks decreased by 15 percent. The indicated disappearance for the March-May 2023 period was 3.29 billion bushels.
Soybean stocks in the US recorded an 18 percent decline, amounting to 796 million bushels. On-farm stocks decreased by 3 percent, while off-farm stocks decreased by 26 percent. The indicated disappearance for the same period was 891 million bushels.
The report highlighted wheat and oats stocks. All wheat stocks totaled 580 million bushels, a 17 percent decrease from the previous year. On-farm stocks increased by 34 percent, while off-farm stocks decreased by 25 percent. The indicated disappearance for the March-May 2023 period showed an 11 percent increase.
Lastly, oats stocks in the US saw a 7 percent increase, amounting to 34.8 million bushels. On-farm stocks increased by 40 percent, while off-farm stocks decreased by 8 percent. The indicated disappearance for the same period experienced a 22 percent decline, totaling 8.11 million bushels.
These fluctuations in grain stocks provide valuable insights into the agricultural landscape in Wisconsin and the United States. Farmers and stakeholders can utilize this information to make informed decisions about inventory management and market strategies.
Photo Credit: gettyimages-romaset
Categories: Wisconsin, Crops