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USDA Crop Production


29 June 2012

USDA Grain Stocks - June 2012USDA Grain Stocks - June 2012

Corn stocks are down 14 per cent from June 2011, soybean stocks are up eight per cent. All wheat stocks are down 14 per cent, according to the latest USDA Grain Stocks Report.
USDA Crop Production Report

Corn stocks in all positions on June 1, 2012 totaled 3.15 billion bushels, down 14 per cent from June 1, 2011. Of the total stocks, 1.48 billion bushels are stored on farms, down 12 per cent from a year earlier.

Off-farm stocks, at 1.67 billion bushels, are down 16 per cent 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 per cent from June 1, 2011.

On-farm stocks totaled 179 million bushels, down 18 per cent from a year ago. Off-farm stocks, at 488 million bushels, are up 22 per cent from a year ago. Indicated disappearance for the March - May 2012 quarter totaled 707 million bushels, up 12 per cent 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 per cent from a year ago.

On-farm stocks are estimated at 112 million bushels, down 14 per cent from last year. Off-farm stocks, at 631 million bushels, are down 14 per cent from a year ago. The March - May 2012 indicated disappearance is 457 million bushels, down 19 per cent 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 per cent from a year ago. On-farm stocks, at 15.2 million bushels, are down 31 per cent from June 1, 2011.

Off-farm stocks totaled 10.4 million bushels, down 22 per cent from a year ago. The March - May 2012 indicated disappearance of 10.2 million bushels is down 51 per cent from the same period a year earlier.

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