(NewsDakota.com/USDA) – The USDA released its June Grain Stocks Report, and corn, soybean, and wheat stocks are all down compared to June 2022.

Corn is down six percent from last year, soybean stocks are down 18 percent, and all-wheat stocks are 17 percent lower than last June. Corn stocks in all positions on June 1 totaled 4.11 billion bushels. Of that total, 2.22 billion bushels are stored on farms, five percent higher than last year, while off-farm stocks were 1.89 billion, 15 percent lower.

Soybeans in all positions were 796 million bushels. On-farm stocks at 323 million bushels were three percent lower. Off-farm stocks were down 26 percent from last year at 473 million bushels. Old crop all-wheat stored in all positions was 580 million bushels, down 17 percent from June 2022. On-farm stocks were 124 million bushels, up 34 percent, and off-farm stocks of 456 million bushels were 25 percent lower.