Grainnet

USDA June 30 Grain Stocks Report: Corn Up 14%; Soybeans Down 38%; All Wheat Down 33%

Corn stocks in all positions on June 1, 2008 totaled 4.03 billion bushels, up 14 percent from June 1, 2007.

Of the total stocks, 1.97 billion bushels are stored on farms, up 8 percent from a year earlier.

Off-farm stocks, at 2.06 billion bushels, are up 21 percent from a year ago.

The March - May 2008 indicated disappearance is 2.83 billion bushels, compared with 2.53 billion bushels during the same period last year.

Soybeans stored in all positions on June 1, 2008 totaled 676 million bushels, down 38 percent from June 1, 2007.

On-farm stocks totaled 227 million bushels, down 55 percent from a year ago.

Off-farm stocks, at 449 million bushels, are down 24 percent from the previous year.

Indicated disappearance for the March - May 2008 quarter totaled 758 million bushels, up 9 percent from the same period a year earlier.

All wheat stored in all positions on June 1, 2008 totaled 306 million bushels, down 33 percent from a year ago.

On-farm stocks are estimated at 25.6 million bushels, down 65 percent from last year.

Off-farm stocks, at 280 million bushels, are down 27 percent from a year ago.

The March - May 2008 indicated disappearance is 404 million bushels, up 1 percent from the same period a year earlier.

Durum wheat stocks in all positions on June 1, 2008 totaled 8.29 million bushels, down 61 percent from a year ago.

On-farm stocks, at 2.35 million bushels, are down 74 percent from June 1, 2007. Off-farm stocks totaled 5.94 million bushels, down 52 percent from a year ago.

The March - May 2008 indicated disappearance of 16.9 million bushels is down 3 percent from the same period a year earlier.

Barley stocks in all positions on June 1, 2008 totaled 68.2 million bushels, down 1 percent from June 1, 2007.

On-farm stocks are estimated at 9.95 million bushels, 32 percent below a year ago.

Off-farm stocks, at 58.3 million bushels, are 7 percent above June 1, 2007.

The March - May 2008 indicated disappearance is 42.2 million bushels, 12 percent below the same period a year earlier.

Oats stored in all positions on June 1, 2008 totaled 66.8 million bushels, 32 percent above the stocks on June 1, 2007.

Of the total stocks on hand, 16.1 million bushels are stored on farms, 13 percent lower than a year ago.

Off-farm stocks totaled 50.7 million bushels, 57 percent above the previous year.

Indicated disappearance during March - May 2008 totaled 12.2 million bushels, compared with 20.5 million bushels during the same period a year ago.

Grain sorghum stored in all positions on June 1, 2008 totaled 96.8 million bushels, up 29 percent from a year ago.

On-farm stocks, at 7.00 million bushels, are up 30 percent from last year.

Off-farm stocks, at 89.8 million bushels, are up 29 percent from June 1, 2007.

The March - May 2008 indicated disappearance from all positions is 89.1 million bushels, up 32 percent from the same period last year.