USDA Grain Stocks Report

Corn stocks in all positions on June 1, 2024 totaled 4.99 billion bushels, up 22 percent from June 1, 2023


USDA Grain Stocks Report

Corn Stocks Up 22 Percent from June 2023

Soybean Stocks Up 22 Percent

All Wheat Stocks Up 23 Percent

Corn stocks in all positions on June 1, 2024 totaled 4.99 billion bushels, up 22 percent from June 1, 2023. Of the total stocks, 3.03 billion bushels are stored on farms, up 37 percent from a year earlier. Off-farm stocks, at 1.97 billion bushels, are up 4 percent from a year ago. The March - May 2024 indicated disappearance is 3.36 billion bushels, compared with 3.29 billion bushels during the same period last year.

Soybeans stored in all positions on June 1, 2024 totaled 970 million bushels, up 22 percent from June 1, 2023. On-farm stocks totaled 466 million bushels, up 44 percent from a year ago. Off-farm stocks, at 504 million bushels, are up 6 percent from a year ago. Indicated disappearance for the March - May 2024 quarter totaled 875 million bushels, down 2 percent from the same period a year earlier.

Old crop all wheat stored in all positions on June 1, 2024 totaled 702 million bushels, up 23 percent from a year ago. On-farm stocks are estimated at 139 million bushels, up 12 percent from last year. Off-farm stocks, at 563 million bushels, are up 27 percent from a year ago. The March - May 2024 indicated disappearance is 387 million bushels, up 4 percent from the same period a year earlier.

Old crop Durum wheat stocks in all positions on June 1, 2024 totaled 21.1 million bushels, down 24 percent from a year ago. On-farm stocks, at 9.99 million bushels, are down 22 percent from June 1, 2023. Off-farm stocks totaled 11.1 million bushels, down 26 percent from a year ago. The March - May 2024 indicated disappearance of 15.3 million bushels is up 90 percent from the same period a year earlier.

Old crop barley stocks in all positions on June 1, 2024 totaled 77.9 million bushels, up 18 percent from June 1, 2023. On-farm stocks are estimated at 28.9 million bushels, 51 percent above a year ago. Off-farm stocks, at 49.1 million bushels, are 5 percent above June 1, 2023. The March - May 2024 indicated disappearance is 33.7 million bushels, 47 percent above the same period a year earlier.

Old crop oats stored in all positions on June 1, 2024 totaled 36.3 million bushels, 4 percent above the stocks on June 1, 2023. Of the total stocks on hand, 11.7 million bushels are stored on farms, 15 percent below a year ago. Off-farm stocks totaled 24.6 million bushels, 17 percent above the previous year. Indicated disappearance during March - May 2024 totaled 15.2 million bushels, 87 percent above the same period a year ago.

Grain sorghum stored in all positions on June 1, 2024 totaled 49.8 million bushels, down 6 percent from a year ago. On-farm stocks, at 5.23 million bushels, are down 18 percent from last year. Off-farm stocks, at 44.5 million bushels, are down 4 percent from June 1, 2023. The March - May 2024 indicated disappearance from all positions is 56.0 million bushels, up less than 1 percent from the same period last year.

Pulse crops stored in all positions on June 1, 2024 and the change from June 1, 2023 are: dry edible peas, 2.59 million cwt, down 39 percent; lentils, 844 thousand cwt, down 28 percent; all chickpeas, 1.37 million cwt, down 9 percent; small chickpeas, 494 thousand cwt, up 11 percent; and large chickpeas, 879 thousand cwt, down 18 percent. Small chickpeas are defined as peas that will pass through a 20/64 inch round hole screen. Large chickpeas are defined as larger than 20/64 inches.