Michigan Wheat Stocks Down 22 Percent from 2022

Monday, January 16, 2023

On December 1, 2022, Michigan corn stocks totaled 285 million bushels, 8 percent higher than a year earlier, according to Marlo D. Johnson, director, USDA NASS, Great Lakes Regional Office. About 68 percent of the corn was stored on farms. The first quarter disappearance was 89.9 million bushels, compared with 107 million bushels a year earlier.

Soybean stocks on December 1, 2022, were 76.4 million bushels. That was 3 percent lower than stocks a year earlier. Farm stocks of soybeans were 34.0 million bushels. The first quarter indicated disappearance was 35.4 million bushels compared with 38.1 million bushels a year ago.

Wheat stocks on December 1, 2022, were 28.3 million bushels, 22 percent below a year ago. Second quarter indicated disappearance was 8.31 million bushels, compared with 6.85 million bushels last year. About 90 percent of wheat stocks were in commercial storage.

Nationally, corn stored in all positions on December 1, 2022, totaled 10.8 billion bushels, down 7 percent from December 1, 2021. Of the total stocks, 6.75 billion bushels were stored on farms, down 7 percent from a year earlier. Off-farm stocks, 4.06 billion bushels, were down 8 percent from a year ago. The September-November 2022 indicated disappearance was 4.30 billion bushels, compared with 4.67 billion bushels during the same period last year.

Soybeans stored in all positions on December 1, 2022, totaled 3.02 billion bushels, down 4 percent from December 1, 2021. Soybeans stocks on farms totaled 1.48 billion bushels, down 3 percent from a year ago. Off-farm stocks, 1.55 billion bushels, were down 4 percent from last December. Indicated disappearance for September-November 2022 totaled 1.53 billion bushels, down 4 percent from the same period a year earlier.

All wheat stored in all positions on December 1, 2022, totaled 1.28 billion bushels, down 7 percent from a year ago. On-farm stocks were estimated at 362 million bushels, up 32 percent from last December. Off-farm stocks, 918 million bushels, were down 17 percent from a year ago. The September-November 2022 indicated disappearance was 498 million bushels, 26 percent above the same period a year earlier.