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Michigan Hits Record High in Soybeans in Storage
Michigan Ag Connection - 02/12/2019

On December 1, 2018, Michigan corn stocks totaled 238 million bushels, 1 percent higher than a year earlier, according to Marlo Johnson, director, USDA NASS, Great Lakes Regional Office. About 69 percent of the corn was stored on farms. The first quarter disappearance was 104 million bushels, compared with 113 million bushels a year earlier. Soybean stocks on December 1, 2018, were 90.6 million bushels. That was 34 percent higher than stocks a year earlier and a December 1 record high.

The first quarter indicated disappearance was 25.0 million bushels. Farm stocks of soybeans were 46.0 million bushels. Wheat stocks on December 1, 2018, were 49.0 million bushels, 9 percent above a year ago. Approximately 97 percent of wheat stocks were in commercial storage. Second quarter indicated disappearance was 8.67 million bushels, 13 percent of supply.

Corn stocks in all positions on December 1, 2018, totaled 12.0 billion bushels, down 5 percent from December 1, 2017. Of the total stocks, 7.45 billion bushels were stored on farms, down 4 percent from a year earlier. Off-farm stocks, 4.50 billion bushels, were down 7 percent from a year ago. The September -- November 2018 indicated disappearance was 4.61 billion bushels, compared with 4.34 billion bushels during the same period last year. Soybeans stored in all positions on December 1, 2018, totaled 3.74 billion bushels, up 18 percent from December 1, 2017. Soybean stocks stored on farms were estimated at 1.94 billion bushels, up 30 percent from a year ago. Off-farm stocks, 1.80 billion bushels, were up 7 percent from last December.

Indicated disappearance for the September -- November 2018 quarter totaled 1.25 billion bushels, down 20 percent from the same period a year earlier. All wheat stored in all positions on December 1, 2018, totaled 2.00 billion bushels, up 7 percent from a year ago. On-farm stocks were estimated at 504 million bushels, up 28 percent from last December. Off-farm stocks, 1.50 billion bushels, were up 1 percent from a year ago. The September -- November 2018 indicated disappearance was 390 million bushels, down 1 percent from the same period a year earlier.

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