Grain Stocks' Report

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Corn Stocks Up 9 Percent from June 2000

Soybean Stocks Down 9 Percent

All Wheat Stocks Down 8 Percent

Corn stocks in all positions on June 1, 2001 totaled 3.92 billion bushels, up 9 percent from June 1, 2000 and the highest level since 1988. Of the total stocks, 2.23 billion bushels are stored on farms, up 10 percent from a year earlier. Off-farm stocks, at 1.69 billion bushels, are up 9 percent from the previous year. The March - May 2001 indicated disappearance is 2.12 billion bushels, compared with 2.02 billion bushels during the same period last year.

Soybeans stored in all positions on June 1, 2001, totaled 708 million bushels, down 9 percent from June 1, 2000. On-farm stocks totaled 365 million bushels, down 1 percent from the same period a year ago. Off-farm stocks, at 343 million bushels, are 15 percent lower than June 1, 2000. Indicated disappearance for the March - May 2001 quarter totaled 696 million bushels, up 12 percent from the same quarter in 2000.

All wheat stored in all positions on June 1, 2001 totaled 873 million bushels, down 8 percent from a year ago. On-farm stocks are estimated at 197 million bushels, down 13 percent from last year. Off-farm stocks, at 676 million bushels, are down 7 percent from a year ago. The indicated March - May 2001 disappearance is 465 million bushels, down slightly from the same period a year earlier.

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