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USDA Grain Stocks Report


The USDA quarterly Grain Stocks Report released on June 30th 2022 documented storage of the major commodities, classified according to on-site and remote facilities including elevators and commercial installations. Quantities of corn and soybeans, the two major commodities relevant to the cost of poultry production were stated to be:-


“Corn stocks in all positions on June 1st 2022 totaled 4.35 billion bushels, up 6 percent from June 1st 2021. Of the total stocks, 2.12 billion bushels are stored on farms, up 22 percent from a year earlier. Off-farm stocks, at 2.23 billion bushels, are down 6 percent from a year ago. The March - May 2022 indicated disappearance is 3.41 billion bushels, compared with 3.58 billion bushels during the same period last year.


“Soybeans stored in all positions on June 1st 2022 totaled 971 million bushels, up 26 percent from June 1st 2021. On-farm stocks totaled 331 million bushels, up 51 percent from a year ago. Off-farm stocks, at 640 million bushels, are up 17 percent from a year ago. Indicated disappearance for the March - May 2022 quarter totaled 960 million bushels, up 21 percent from the same period a year earlier.


Prices and commentary are incorporated in the Weekly Commodity Report in this edition and WASDE #625 issued on June 10th retrievable under the STATISTICS tab.