Abstract: A thin panel consisting essentially of a compressed non woody lignocellulosic material and a binder. The thin panel has a thickness of less than about 0.10 inch (2.54 mm), preferably between about 0.06 inch (1.6 mm) and about 0.10 inch (2.54 mm). The preferred binder is a polyisocyanate. The non-woody lignocellulosic material may be straw, bagasse, hemp, flax shives or jute sticks. The preferred non-woody lignocellulosic materials are selected from the group consisting of straw and bagasse. The bagasse may be substantially non-depithed. The thin panel is useful as core stock in plywood.