As of Sept. 1, there were 988 million bushels of corn in storage, according to the quarterly Grain Stocks report released today by the USDA’s National Agricultural Statistics Service (NASS).
By Sept. 1, there were 314 million bushels of corn stored on U.S. farms, down slightly from September 2011. There was a significant decrease in off-farm corn stock. On Sept. 1, off-farm storage facilities held 675 million bushels of corn, down 17 percent from the prior year. The U.S. corn disappearance totaled 2.16 billion bushels during the summer of 2012, down from the disappearance of 2.54 billion bushels during the same time period last year.