Soybean Stocks Up Nearly 50%, Corn, Wheat Down Slightly – USDA

Corn stocks in all positions on June 1, 2019 totaled 5.20 billion bushels, down 2 percent from June 1, 2018. Of the total stocks, 2.95 billion bushels are stored on farms, up 7 percent from a year earlier. Off-farm stocks, at 2.25 billion bushels, are down 12 percent from a year ago. The March – May 2019 indicated disappearance is 3.41 billion bushels, compared with 3.59 billion bushels during the same period last year.

Soybeans stored in all positions on June 1, 2019 totaled 1.79 billion bushels, up 47 percent from June 1, 2018. On-farm stocks totaled 730 million bushels, up 94 percent from a year ago. Off-farm stocks, at 1.06 billion bushels, are up 26 percent from a year ago. Indicated disappearance for the March – May 2019 quarter totaled 937 million bushels, up 5 percent from the same period a year earlier.

Old crop all wheat stored in all positions on June 1, 2019 totaled 1.07 billion bushels, down 2 percent from a year ago. On-farm stocks are estimated at 207 million bushels, up 58 percent from last year. Off-farm stocks, at 865 million bushels, are down 11 percent from a year ago. The March – May 2019 indicated disappearance is 521 million bushels, up 31 percent from the same period a year earlier.

Old crop Durum wheat stocks in all positions on June 1, 2019 totaled 55.2 million bushels, up 58 percent from a year ago. On-farm stocks, at 26.1 million bushels, are up 74 percent from June 1, 2018. Off-farm stocks totaled 29.1 million bushels, up 46 percent from a year ago. The March – May 2019 indicated disappearance of 19.2 million bushels is up 32 percent from the same period a year earlier.

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