USDA estimates U.S. corn stocks as of Mar. 1 were 8.6 billion bushels, with 5.1 billion stored on-farm and 3.5 billion off-farm. This stocks volume is 3 percent lower than a year ago but 4 percent higher than the average of analyst expectations, which was around 8.3 billion bushels. Over 3.3 billion bushels of corn were removed from storage during Dec-Feb 2018/19 vs. the disappearance of 3.7 billion bushels during that quarter last season and 3.8 billion bushels in 2016/17. The drop in ethanol production, compounded by higher yields ethanol producers are obtaining compared to past years, has played a role in lower corn consumption this season.
Quarterly reported corn stocks
Posted by: Information Services Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.