NW Wheat Stocks Drop 29% Year Over Year

According to NASS, all wheat stocks stored in the Northwest decreased 29% from June 1^st, 2020 to June 1^st, 2021.

In Idaho, stored wheat topped out at 18.7 million bushels at the start of last month, off from the 28.8 million bushels reported last year. Off-farm stocks were down 31%, while on-farm stocks were down 45% compared to the previous year. In Oregon, wheat stored in all positions totaled 8.36 million bushels, down from 19.5 million bushels a year ago. Off-farm stocks were down 60%, while on-farm stocks were down 33% compared to the previous year. In Washington, stored wheat totaled 45.6 million bushels, down from 53.3 million bushels a year ago. Off-farm stocks were down 16%, while on-farm stocks were unchanged from the previous year. Nationally, wheat stored in all positions totaled 844 million bushels, down from 1.03 billion bushels a year ago. Off-farm stocks were down 12%, while on-farm stocks were down 38 percent compared to the previous year.

Barley stocks in all positions on June 1^st, 2021 totaled 22.3 million bushels in Idaho, down from 24.5 million bushels a year ago. Off-farm stocks were down 9%, while on-farm stocks were down 10% compared to the previous year. In Oregon, barley stored in all positions totaled 517,000 bushels, up from 478,000 bushels a year ago. Off farm stocks were up 50%, while On-farm stocks were down 50% compared to the previous year. In Washington, barley stored in all positions totaled 3.46 million bushels, down from 4.26 million bushels a year ago. Off-farm stocks were down 17%, while on-farm stocks were down 37% compared to the previous year. Nationally, barley stored in all positions totaled 71.8 million bushels, down from 80.3 million bushels a year ago. Off-farm stocks were down 9%, while on-farm stocks were down 15% compared to the previous year.

Oats stored in off-farm locations on June 1^st, 2021 totaled 72,000 bushels in Idaho, down from 81,000 bushels a year ago. In Washington, oats stored in off-farm locations totaled 55,000 bushels, up from 39,000 bushels the previous year. Nationally, oats stored in all positions totaled 38.0 million bushels, up from 36.8 million bushels a year ago. Off-farm stocks were down 4%, while on-farm stocks were up 25% compared to the previous year

Corn stored in off-farm locations on June 1^st, 2021 totaled 5.18 million bushels in Idaho, up from 4.24 million bushels a year ago. In Washington, corn stored in off-farm locations totaled 8.54 million bushels, up from 7.57 million bushels a year ago. Nationally, corn stored in all positions totaled 4.11 billion bushels, down from 5.0 billion bushels a year ago. Off-farm stocks were up 11%, while on-farm stocks were down 39% compared to the previous year.

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