The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Kevin Van Trump has over 20 years of experience in the grain and livestock industry.
Corn stock moved higher: Old-crop from 749 million bushels in April to 759 million; New-crop from 2.177 billion bushels in the Feb Ag Forum down to 2.004 billion.
Soybean stocks moved lower: Old-crop from 125 million bushels in April to 125 in May; New-crop from 250 million bushels in the Feb Ag Forum to 265.
Wheat stocks left unchanged at 731 million bushels; New-crop pushed higher from 639 million to 670 million.
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