USDA Grain Stocks Report

Released June 29, 2012, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).
Corn Stocks Down 14 Percent from June 2011
Soybean Stocks Up 8 Percent
All Wheat Stocks Down 14 Percent
Corn stocks in all positions on June 1, 2012 totaled 3.15 billion bushels, down 14 percent from June 1, 2011. Of the total
stocks, 1.48 billion bushels are stored on farms, down 12 percent from a year earlier. Off-farm stocks, at 1.67 billion
bushels, are down 16 percent from a year ago. The March – May 2012 indicated disappearance is 2.87 billion bushels,
compared with 2.85 billion bushels during the same period last year.
Soybeans stored in all positions on June 1, 2012 totaled 667 million bushels, up 8 percent from June 1, 2011. On-farm
stocks totaled 179 million bushels, down 18 percent from a year ago. Off-farm stocks, at 488 million bushels, are up
22 percent from a year ago. Indicated disappearance for the March – May 2012 quarter totaled 707 million bushels, up
12 percent from the same period a year earlier.
Old crop all wheat stored in all positions on June 1, 2012 totaled 743 million bushels, down 14 percent from a year ago.
On-farm stocks are estimated at 112 million bushels, down 14 percent from last year. Off-farm stocks, at 631 million
bushels, are down 14 percent from a year ago. The March – May 2012 indicated disappearance is 457 million bushels,
down 19 percent from the same period a year earlier.
Old crop Durum wheat stocks in all positions on June 1, 2012 totaled 25.6 million bushels, down 28 percent from a year
ago. On-farm stocks, at 15.2 million bushels, are down 31 percent from June 1, 2011. Off-farm stocks totaled 10.4 million
bushels, down 22 percent from a year ago. The March – May 2012 indicated disappearance of 10.2 million bushels is
down 51 percent from the same period a year earlier