USDA’s Quarterly Stocks report shows U.S. corn supplies as of June 1 at 4.1 billion bushels, down 18 percent from last year. Quarterly usage is reported at 3.8 billion bushels, up 630 million from a year ago. Soybean stocks in all positions as of June 1 is reported at 767 million bushels, down 44 percent from last year. All wheat stocks as of June 1 is reported at 27.5 million bushels, down 18 percent from a year ago.
