The Minnesota March 1 Grain Stocks Survey estimated SOYBEANS stored in all positions at 184 million bushels, down 19 percent from the previous year’s record high level, according to the Minnesota Field Office of the U.S. Department of Agriculture. On-farm storage of 115 million bushels accounted for 62 percent of the total.

CORN stocks in all positions totaled 748 million bushels, an increase of approximately 5 million bushels from March 1, 2007. On-farm stocks at 520 million bushels accounted for 70 percent of the total.

ALL WHEAT stocks in all positions totaled 23.5 million bushels, down 36 percent from a year earlier and the lowest March 1 level on record.
On-farm stocks, at just 7 million bushels, accounted for 30 percent of the total.

BARLEY stocks in all positions totaled 11.7 million bushels, the lowest March 1 level on record, and down 2 percent from March 1, 2007. On-farm barley stocks, at 1.2 million bushels, accounted for 10 percent of the total.

OAT stocks in all positions totaled 23.4 million bushels, up 28 percent from a year earlier. On-farm stocks, at 4.0 million bushels, accounted for
17 percent of the total.