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U.S. Grain Stocks Report Shows More Corn, Soybeans, and Wheat

By Jody Heemstra Oct 1, 2024 | 10:58 AM

The USDA released its September 1, 2024, Grain Stocks Report, which showed old crop corn stocks in all positions totaled 1.76 billion bushels, up 29 percent from September 1, 2023. Of the total stocks, 780 million bushels are stored on farms, 29 percent higher than last year. Off-farm stocks, at 980 million bushels, were up 30 percent from a year ago.

Old crop soybeans stored in all positions on September 1, 2024, totaled 342 million bushels, up 29 percent from September 1, 2023. Soybean stocks on-farm totaled 111 million bushels, 54 percent higher than in 2023. Off-farm stocks are 20 percent above last year.

All wheat stored in all positions on September 1 totaled 1.99 billion bushels, up 12 percent from a year ago. On-farm stocks are 42 percent higher than last year at 664 million bushels. Off-farm stocks, at 1.32 billion bushels, are 13 percent higher than a year earlier.

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