PNW Wheat Stocks Drop 43% Year-Over-Year

According to NASS, all wheat stocks dropped 43% from December 1^st, 2020, to December 1^st, 2021. Wheat stocks in Washington totaled 82.6 million bushels, down from 147 million bushels in storage a year earlier. Off-farm stocks were down 44%, while on-farm stocks were down 38% compared to the previous year. In Oregon, wheat stored in all positions totaled 21.1 million bushels, down from 38.2 million bushels a year ago. Off-farm stocks were down 43%, while on-farm stocks were down 53% compared to the previous year. Meanwhile, wheat stocks in Idaho dropped to 48.8 million bushels last month, down from the 84.7 million bushels reported in storage in 2020. Off-farm stocks were down 43%, while on-farm stocks were down 42% year-over-year. Nationally, wheat stocks topped out at 1.39 billion bushels, down from 1.70 billion bushels year-over-year. Off-farm stocks were down 8%, while on-farm stocks were down 43% compared to the previous year.

Barley stocks in all positions on December 1^st, 2021 totaled 33.8 million bushels in Idaho, up from 45.4 million bushels a year ago. Off-farm stocks were down 12%, while on-farm stocks were down 35% compared to the previous year. In Oregon, On-farm stocks were 130,000 bushels, down 54% compared to the previous year. In Washington, barley stored in all positions totaled 2.61 million bushels, down from 7.45 million a year ago. Off-farm stocks were down 67%, while on-farm stocks were down 56% compared to the previous year. Nationally, barley stored in all positions totaled 97.6 million bushels, down from 149 million bushels a year ago. Off-farm stocks were down 14%, while on-farm stocks were down 49% compared to the previous year.

Corn stocks in off-farm locations in Oregon last month totaled 641,000 bushels, down 49% from a year ago. In Washington, corn stored in off-farm locations totaled 10.5 million bushels, down 15% from a year ago. Nationally, corn stored in all positions totaled 11.6 billion bushels, up from 11.3 billion bushels a year ago. Off-farm stocks were up 4%, while on-farm stocks were up 3% compared to the previous year.

Idaho oats stored in off-farm locations on December 1^st, 2021 totaled 86,000 bushels, down from up 163,000 bushels from a year ago. In Washington, oats stored in off-farm locations totaled 51,000 bushels, down from 110,000 bushels the previous year. Nationally, oats stored in all positions totaled 55.5 million bushels, down from 62.5 million bushels a year ago. Off-farm stocks were up 10%, while on-farm stocks were down 36% compared to the previous year.

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