On Sept. 1, Indiana corn stocks totaled 80.8 million bushels, 19% below a year earlier, according to Nathanial Warenski with the Indiana Field Office of the United States Department of Agriculture’s National Agricultural Statistics Service.

About 42% of the corn was stored on farms. The fourth quarter disappearance was 213 million bushels, compared with 205 million bushels a year earlier. End of marketing year stocks were approximately 8% of supply.

Soybean stocks on Sept. 1 were 18.0 million bushels. That was 30% lower than stocks a year earlier. The fourth quarter indicated disappearance was 56.9 million bushels, up 16% from the same period a year ago. Farm stocks of soybeans were 3.30 million bushels. End of marketing year stocks were approximately 5% of supply.

Wheat stocks on Sept. 1 were 35.0 million bushels, 61% above a year ago. First quarter indicated disappearance was 3.97 million bushels, compared with 6.37 million bushels last year.

Nationally, old crop corn stocks in all positions on Sept. 1, totaled 1.36 billion bushels, down 1% from Sept. 1, 2022. Of the total stocks, 605 million bushels are stored on farms, up 19% from a year earlier. Off-farm stocks, at 756 million bushels, are down 13% from a year ago. The June-to-August 2023 indicated disappearance is 2.75 billion bushels, compared with 2.97 billion bushels during the same period last year. Old crop soybeans stored in all positions on Sept. 1 totaled 268 million bushels, down 2% from Sept. 1, 2022.

Soybean stocks stored on farms totaled 72.0 million bushels, up 14% from a year ago. Off-farm stocks, at 196 million bushels, are down 7% from September 2022 Indicated disappearance for June to August 2023 totaled 528 million bushels, down 24% from the same period a year earlier.

All wheat stored in all positions on Sept. 1, totaled 1.78 billion bushels, up slightly from a year ago. On-farm stocks are estimated at 598 million bushels, up 1% from last September. Off-farm stocks, at 1.18 billion bushels, are down less than 1% from a year ago. The June to August 2023 indicated disappearance is 614 million bushels, up 8% from the same period a year earlier.