USDA’s Grain Stocks report shows corn stocks of 5.2 billion bushels, down two percent from last year and at the low end of pre-report trade estimates. Of the total, USDA says 2.95 billion are stored on farm, seven percent more than one year ago. Soybean stocks totaled 1.79 billion bushels, 47 percent more than last year, but less than trade expectations. All wheat stocks are reported at 1.07 billion bushels, down two percent from one year ago. Durum stocks are reported at 55.2 million bushels, 58 percent more than last year.
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