USDANASS estimates a 15 percent increase in corn stocks for June 1 2015 compared to the previous year

USDA-NASS estimates a 15 percent increase in corn stocks for June 1, 2015, compared to the previous year.

Grain stocks all up significantly compared to June 2014

USDA rain stocks report shows significant increse

Corn, soybean and wheat stock are all up significantly compared to June 2014 with soybean stocks more than 50 percent higher. Wheat stocks are up 28 percent and corn is up 15 percent.

Tuesday’s USDA-NASS grain stocks report shows soybeans “stored in all positions” June 1, 2015, at 625 million bushels, up 54 percent from last year. Of those stocks, 246 million bushels were stored on-farm, up 126 percent from a year ago; off-farm storage accounted for 379 million bushels, a 28 percent increase over last year. Indicated disappearance for the March - May 2015 quarter totaled 701 million bushels, up 19 percent from the same period a year earlier.

Corn stocks in all positions on June 1, 2015, totaled 4.45 billion bushels, an increase of 15 percent from June 1, 2014. Of the total stocks, 2.28 billion bushels are stored on farms, up 22 percent from a year earlier. Off-farm stocks are up 9 percent from a year ago at 2.17 billion bushels. The March - May 2015 indicated disappearance is 3.30 billion bushels, compared with 3.16 billion bushels during that time last year.

All old crop wheat stored in all positions on June 1 totaled 753 million bushels, a 28 percent hike from last June. On-farm stocks, at 155 million bushels, are up 60 percent. Off-farm stocks at 597 million bushels are up 21 percent. Indicated disappearance for the March - May 2015 period is estimated at 388 million bushels, down 17 percent from the same period last year.

Durum old crop wheat in all positions on June 1 totaled 25.9 million bushels, a 20 percent increase compared to last June. On-farm stocks accounted for 10.3 million bushels, down 20 percent from June 1, 2014. Off-farm stocks estimates show 15.6 million bushels, a 79 percent increase over last year. March - May 2015 indicated disappearance of 11.8 million bushels is down 29 percent from the same period a year earlier.

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Old crop barley stocks in all positions on June 1, 2015, totaled 78.7 million bushels, a 4 percent drop from June 1, 2014. On-farm stocks estimate is 20.9 million bushels or 10 percent above a year ago. Off-farm stocks of 57.7 million bushels are 9 percent below June 1, 2014, and the March - May 2015 indicated disappearance of 39.6 million bushels is 1 percent above the same period a year earlier.

Other grains

Old crop oats stored in all positions on June 1, 2015 totaled 53.7 million bushels, representing a 117 percent increase from June 1, 2014. Total stocks on hand include 15.1 million bushels stored on farms; that’s 56 percent more than a year ago. Off-farm stocks totaled 38.6 million bushels, 157 percent above the previous year. Indicated disappearance during March - May 2015 at 5.71 million bushels compares with 10.4 million bushels last year.

Grain sorghum stocks on June 1, 2015, totaled 33.2 million bushels, a 64 percent decrease from last June. On-farm stocks, 2.92 million bushels, are down 35 percent from last year. Off-farm stocks, 30.3 million bushels, represent a 66 percent decline from June 1, 2014. The March - May 2015 indicated disappearance from all positions is 86.7 million bushels, a 4 percent increase from March-May 2014.

Pulse crops stored in all positions on June 1, 2015, are: dry edible peas, 3.12 million cwt; lentils, 655,000 cwt; Austrian winter peas, 52,000 cwt; all chickpeas, 762,000 cwt; small chickpeas, 177,000 cwt; and large chickpeas, 585,000 cwt. Small chickpeas are defined as peas that will pass through a 20/64 inch round hole screen.

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