The USDA’s quarterly grain stocks update reflects slower demand, which can be linked to higher domestic and international prices, along with increased export competition. Larger corn and soybean and smaller wheat crops also factor into the numbers.
Corn stocks on December 1st, 2021 were 11.647 billion bushels, up 3% from December 1st, 2020, with a slight decrease in first quarter usage. On farm stocks were 7.234 billion bushels, 3% higher, with off farm stocks of 4.413 billion, up 4%.
