USDA’s June Grain Stocks Report shows corn stocks in all positions on June 1, 2024, totaled 4.99 billion bushels, up 22 percent from June 1, 2023. Of the total stocks, 3.03 billion bushels are stored on farms, 37 percent higher than last year. Off-farm stocks hit 1.97 billion bushels, four percent higher than in 2023. Soybeans in all positions on June 1 totaled 970 million bushels, up 22 percent from June 1, 2023. On-farm stocks were up 44 percent from last year at 466 million bushels. Off-farm stocks, at 504 million, are up six percent from last year. Old crop all wheat stored in all positions totaled 702 million bushels, up 23 percent over 2023. On-farm stocks are estimated at 139 million bushels, up 12 percent from last year. Old crop Durum wheat stocks in all positions on June 1 totaled 21.1 million bushels, down 24 percent from a year ago.
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