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Quarterly grain stocks mostly higher on year

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Quarterly U.S. grain and oilseed stocks were mostly up on the year.

The USDA says the domestic corn supply on December 1st, 2023 was 12.169 billion bushels, 13% larger than December 1st, 2022, following a year-to-year increase in production, which canceled out stronger indicated quarterly disappearance. On farm stocks were 16% higher, while off farm stocks were up 7%

Soybean stocks were 3 billion bushels, 1% less than a year ago, because of a smaller crop, while indicated quarterly disappearance declined by 6% partially due to slower export demand.

Quarterly grain stocks mostly higher on year