Illinois corn stocks down while beans stocks up

ILLINOIS
Corn stocks in Illinois on Dec. 1 totaled 1.72 billion bushels, down 8 percent from a year earlier. On-farm stocks, at 980 million bushels, accounted for 57 percent of the total stocks. Off-farm stocks, at 741 million bushels, were up 9 percent from 2009.
Early harvest and higher prices for corn gave farmers the incentive to move the corn to market faster than usual. This was true for all grains and oil seeds this quarter.
Soybean stocks totaled 407 million bushels stored in all positions on Dec. 1, 2010, up 10 percent from the previous year’s total. On-farm stocks totaled 210 million bushels, 52 percent of the total stocks and 5 percent above Dec. 1, 2009. Off-farm stocks, at 197 million bushels, were up 15 percent from a year earlier.
Wheat stocks in all positions totaled 44.5 million bushels on Dec. 1, 2010. Off-farm stocks, at 43.2 million bushels, accounted for 97 percent of the state total. On-farm stocks totaled 1.3 million bushels, down 80 percent form a year earlier. Wheat production was down 64 percent in 2010, which supports this decline in on-farm stocks.

UNITED STATES
U.S. corn stored in all positions on Dec. 1, 2010, totaled 10 billion bushels, down 8 percent from Dec. 1, 2009. Of the total stocks, 6.3 billion bushels are stored on farms, down 15 percent from a year earlier. Off-farm stocks, at 3.74 billion bushels, are up 7 percent from a year ago.
The September-through-November quarter indicated disappearance is 4.11 billion bushels, compared with 3.86 billion bushels during the same period last year.
Soybeans stored in all positions on Dec. 1, 2010, totaled 2.28 billion bushels, down 3 percent from Dec. 1, 2009. Soybean stocks stored on farms totaled 1.09 billion bushels, down 11 percent from a year ago. Off-farm stocks, at 1.19 billion bushels, are up 7 percent from last December. Indicated disappearance for the September-through-December quarter totaled 1.2 billion bushels, up 4 percent from the same period a year earlier.
All wheat stored in all positions on Dec. 1, 2010, totaled 1.93 billion bushels, up 8 percent from a year ago. On-farm stocks are estimated at 550 million bushels, down 2 percent from last December. Off-farm stocks, at 1.38 billion bushels, are up 13 percent from a year ago.
The September-through- November quarter indicated disappearance is 522 million bushels, up 22 percent from the same period last year.

AG PRICES
The December index of prices received by Illinois farmers for all crops was 159 percent of the base, up 5 points from the revised November figure, and 22 points above December 2009.
Crop prices increased for all commodities, except for hay.
The current year’s base was computed by multiplying the average production for the five-year period by the average price for each year. Those five years were summed and then divided by five to arrive at an average (base) for the period.
The current five-year average production was then multiplied by the current price and divided by the average for the five years to arrive at the current index.
 

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