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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.
USDA
June 30 Grain Stocks Report
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