The USDA National Agricultural Statistics Service (NASS) released their annual 2023 Crop Production and their quarterly Grain Stocks reports on January 12, 2024 at noon EST. Summaries of these reports are posted to the AMBA website.
Production:
Production was estimated at 185 million bushels, up 6 percent from the 2022 total of 175 million bushels. The average yield, at 72.4 bushels per acre, was up 0.8 bushel from the previous year. Producers seeded 3.10 million acres in 2023, up 5 percent from 2022. Harvested area, at 2.56 million acres, was up 4 percent from 2022. Record low planted acres were estimated in California, Michigan, New York, Utah, and Wisconsin. Record low harvested acres were estimated in Wisconsin. Record high yields were estimated in California, Delaware, Idaho, Maryland, New York, and Pennsylvania. Record low production was estimated in Wisconsin.
Stocks:
Barley stored in all positions on December 1, 2023 totaled 142 million bushels, up 3 percent from December 1, 2022. On-farm stocks are estimated at 85.9 million bushels, 1 percent below a year ago. Off-farm stocks, at 56.3 million bushels, are 9 percent above December 2022. The September - November 2023 indicated disappearance is 37.6 million bushels, 39 percent above the same period a year earlier.
The next stocks report, along with the prospective plantings report will be posted on the AMBA website March 31, 2024.