USDA Grain Stocks Report Released.

Corn Stocks Up 39 Percent from June 2013
Soybean Stocks Down 7 Percent
All Wheat Stocks Down 18 Percent

Corn stocks in all positions on June 1, 2014 totaled 3.85 billion bushels, up 39 percent from June 1, 2013. Of the total stocks, 1.86 billion bushels are stored on farms, up 48 percent from a year earlier. Off-farm stocks, at 1.99 billion bushels, are up 32 percent from a year ago. The March - May 2014 indicated disappearance is 3.15 billion bushels, compared with 2.63 billion bushels during the same period last year.

Soybeans stored in all positions on June 1, 2014 totaled 405 million bushels, down 7 percent from June 1, 2013. On-farm stocks totaled 109 million bushels, down 36 percent from a year ago. Off-farm stocks, at 296 million bushels, are up 12 percent from a year ago. Indicated disappearance for the March - May 2014 quarter totaled 589 million bushels, up 4 percent from the same period a year earlier.

Old crop all wheat stored in all positions on June 1, 2014 totaled 590 million bushels, down 18 percent from a year ago. On-farm stocks are estimated at 97.0 million bushels, down 19 percent from last year. Off-farm stocks, at 493 million bushels, are down 18 percent from a year ago. The March - May 2014 indicated disappearance is 467 million bushels, down 10 percent from the same period a year earlier.

Old crop Durum wheat stocks in all positions on June 1, 2014 totaled 21.5 million bushels, down 7 percent from a year ago. On-farm stocks, at 12.8 million bushels, are down 6 percent from June 1, 2013. Off-farm stocks totaled 8.73 million bushels, down 8 percent from a year ago. The March - May 2014 indicated disappearance of 16.6 million bushels is down 15 percent from the same period a year earlier.

Old crop barley stocks in all positions on June 1, 2014 totaled 82.0 million bushels, up 2 percent from June 1, 2013. On-farm stocks are estimated at 19.1 million bushels, 21 percent above a year ago. Off-farm stocks, at 62.9 million bushels, are 3 percent below June 1, 2013. The March - May 2014 indicated disappearance is 39.5 million bushels, 8 percent above the same period a year earlier.

Old crop oats stored in all positions on June 1, 2014 totaled 24.7 million bushels, 32 percent below the stocks on June 1, 2013. Of the total stocks on hand, 9.71 million bushels are stored on farms, 15 percent lower than a year ago. Off-farm stocks totaled 15.0 million bushels, 40 percent below the previous year. Indicated disappearance during March - May 2014 totaled 10.4 million bushels, compared with 16.3 million bushels during the same period a year ago.

Grain sorghum stored in all positions on June 1, 2014 totaled 92.3 million bushels, up 125 percent from a year ago. On-farm stocks, at 4.50 million bushels, are up 66 percent from last year. Off-farm stocks, at 87.8 million bushels, are up 129 percent from June 1, 2013. The March - May 2014 indicated disappearance from all positions is 83.4 million bushels, up 65 percent from the same period last year.

To review the full report click here:

http://usda.mannlib.cornell.edu/usda/current/GraiStoc/GraiStoc-06-30-2014.pdf

Source: USDA