Stocks of Grains in All Positions: October 1, 1970 (Classic Reprint) - Softcover

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Excerpt from Stocks of Grains in All Positions: October 1, 1970

Total feed grain stocks (corn, oats, barley and sorghum grain) at 63. 8 million tons were down 6 percent from the 67. 6 million tons a year earlier, ac cording to the Cr0p Reporting Board. Decreased stocks of corn, sorghum grain and barley more than offset an increase in oat stocks.

Stocks of all wheat were 5 percent less than a year earlier. Durum stocks were down 19 percent. Rye stocks were a fourth larger than last year, and holdings of flaxseed were up 10 percent.

All wheat in storage October 1 totaled 1, 782 million bushels, 5 percent less than a year earlier but 6 percent above the October 1, 1968 stocks. Off farm stocks of million bushels were 1 percent more than a year earlier, but farm holdings at 653 million were 13 percent below the record large total a year earlier. Disappearance from all storage positions July through September is indicated at 461 million bushels, compared with 407 million a year earlier. The Commodity Credit Corporation owned 297 million bushels of the total wheat stocks, and had loans outstanding on 534 million.

Durum wheat stocks in all positions on October 1 totaled 104 million bushels, 19 percent less than a year earlier and 5 percent below two years earlier Farm holdings of 78 million were 26 percent below last year but off-farm stocks of 26 million bushels were up 12 percent. Disappearance during july-september is indicated at 23. 3 million bushels, compared with 18. 3 million a year earlier.

M stocks in all storage positions on October 1 totaled 47. 7 million bushels, 25 percent more than a year earlier and 50 percent above October 1, 1968. Off-farm stocks at 27. 9 million bushels were 27 percent more than a year earlier, and farm stocks were up 21 percent. Indicated disappearance during july-september was 9. 7 million bushels compared with 9. 1 million a year earlier. The Commodity Credit Corporation owned 17. 6 million bushels of total rye stocks and had loans outstanding on 6. 4 million.

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