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USDA Grain Stocks Report

06/26/2019

The USDA quarterly Grain Stocks Report released on June 28th documents storage of commodities produced in the U.S. classified according to on-site and remote facilities including elevators and commercial installations. Quantities of corn and soybeans, the two crops relevant to poultry production were:-

Corn stocks in all positions on June 1st, 2019 totaled 5.20 billion bushels, down two percent from June 1, 2018. Of the total stocks, 2.95 billion bushels (56.7 percent) are stored on farms, up seven percent from a year earlier. Off-farm stocks, at 2.25 billion bushels, (43.3 percent) are down 12 percent from a year ago. The March–through May 2019 indicated disappearance was 3.41 billion bushels, compared with 3.59 billion bushels during the same period last year.

Soybeans stored in all positions on June 1st, 2019 totaled 1.79 billion bushels, up 47 percent from June 1, 2018. On-farm stocks totaled 730 million bushels (40.7 percent), up 94 percent from a year ago. This indicates that farmers were holding 2018 soybeans in anticipation of a resolution of the trade dispute with China and resumption of exports. Off-farm stocks, at 1.06 billion bushels (59.3 percent), are up 26 percent from a year ago. Indicated disappearance for the March through May 2019 quarter totaled 937 million bushels, up five percent from the same period a year earlier.