USDA is forecasting U.S. corn stocks are at 7.9 billion bushels, eight percent less than last year. Of the total, 4.5 billion bushels are stored on-farm. This number is down 13 percent from one year ago. Soybeans stocks are at 2.25 billion bushels, down 17 percent from one year ago. Soybeans stored on-farm are at 1 billion bushels, down 20 percent from one year ago. All wheat stocks are at 1.4 billion bushels, down 11 percent from one year ago. On-farm wheat stocks are estimated at 339 million bushels, eight percent less than last year.
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