USDA: Soybean Stocks Down 22 Percent

11:14AM Jun 30, 2020
USDA
USDA Grain Stocks Report
( USDA/MGN )

USDA Grain Stocks Report:

 

Corn Stocks Up Less Than 1 Percent from June 2019 Soybean Stocks Down 22 Percent All Wheat Stocks Down 3 Percent 

 

Corn stocks in all positions on June 1, 2020 totaled 5.22 billion bushels, up less than 1 percent from June 1, 2019. Of the total stocks, 3.03 billion bushels are stored on farms, up 3 percent from a year earlier. Off-farm stocks, at 2.20 billion bushels, are down 2 percent from a year ago. The March - May 2020 indicated disappearance is 2.73 billion bushels, compared with 3.41 billion bushels during the same period last year. 

Soybeans stored in all positions on June 1, 2020 totaled 1.39 billion bushels, down 22 percent from June 1, 2019. 

On-farm stocks totaled 633 million bushels, down 13 percent from a year ago. Off-farm stocks, at 753 million bushels, are down 28 percent from a year ago. Indicated disappearance for the March - May 2020 quarter totaled 869 million bushels, down 8 percent from the same period a year earlier. 

Old crop all wheat stored in all positions on June 1, 2020 totaled 1.04 billion bushels, down 3 percent from a year ago. On-farm stocks are estimated at 232 million bushels, up 12 percent from last year. Off-farm stocks, at 812 million bushels, are down 7 percent from a year ago. The March - May 2020 indicated disappearance is 372 million bushels, down 28 percent from the same period a year earlier. 

Old crop Durum wheat stocks in all positions on June 1, 2020 totaled 42.8 million bushels, down 22 percent from a year ago. On-farm stocks, at 17.7 million bushels, are down 32 percent from June 1, 2019. Off-farm stocks totaled 25.1 million bushels, down 13 percent from a year ago. The March - May 2020 indicated disappearance of 8.55 million bushels is down 56 percent from the same period a year earlier. 

Old crop barley stocks in all positions on June 1, 2020 totaled 80.3 million bushels, down 7 percent from June 1, 2019. On-farm stocks are estimated at 25.1 million bushels, 10 percent above a year ago. Off-farm stocks, at 55.2 million bushels, are 13 percent below June 1, 2019. The March - May 2020 indicated disappearance is 35.1 million bushels, 1 percent above the same period a year earlier. 

Old crop oats stored in all positions on June 1, 2020 totaled 36.8 million bushels, 3 percent below the stocks on 

June 1, 2019. Of the total stocks on hand, 10.1 million bushels are stored on farms, 4 percent below a year ago. Off-farm stocks totaled 26.7 million bushels, 2 percent below the previous year. Indicated disappearance during March - May 2020 totaled 10.9 million bushels, 13 percent below the same period a year ago. 

Grain sorghum stored in all positions on June 1, 2020 totaled 72.5 million bushels, down 38 percent from a year ago. On-farm stocks, at 8.36 million bushels, are down 12 percent from last year. Off-farm stocks, at 64.2 million bushels, are down 41 percent from June 1, 2019. The March - May 2020 indicated disappearance from all positions is 92.4 million bushels, up 23 percent from the same period last year. 

Pulse crops stored in all positions on June 1, 2020 and the change from June 1, 2019 are: dry edible peas

6.69 million cwt, up 44 percent; lentils, 1.83 million cwt, down 43 percent; all chickpeas, 4.33 million cwt, up 11 percent; small chickpeas, 1.40 million cwt, up 45 percent; and large chickpeas, 2.93 million cwt, up less than 1 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.