Kansas Bucks National Trend, Posts Higher Grain Stocks

Corn and soybean production went in different directions this past year in Kansas, but stockpiles of both in the state are higher, bucking nationwide trends.  USDA’s quarterly report released Friday indicated that the state had 541.75 million bushels of corn on hand as of December 1st, in line with the near 25-percent increase in production compared to a year ago.  Nearly 347 million bushels have made their way to the state’s elevators. Despite another drop in production, soybean stocks were up 5.3 percent, at 176.6 million bushels. Elevator supplies were higher than a year ago at 130.6 million.  By comparison, nationwide stocks of corn were down five percent from a year ago at 11.4 billion bushels, while soybean stocks dropped 13 percent to 3.25 billion.

Wheat stocks in Kansas were down over 50 million bushels from a year ago.  The state started December with 394.3 million bushels on hand, down 12.5 percent, with 22,000 bushels still on the farm.  Just over 79.2 million bushels left the state over the fall, nearly double the disappearance rate of 2018. Kansas had 170.3 million bushels of sorghum on hand, 11.5 million less than last year’s figure, while oat stored in elevators was the same at 275,000 bushels.  Nationwide wheat stocks dropped nine percent to 1.83 billion bushels, aided by a 35-percent increase in disappearance over the fall. Nearly a quarter-billion bushels of sorghum were in storage to start December, down four percent, and almost 54 million bushels of oats were on hand, a 20-percent drop.