The USDA quarterly Grain Stocks Report released on June 30^th 2023, 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:-

CORN stored in all locations on June 1^st 2023 totaled 4.11 billion bushels, down six percent from June 1^st, 2022. Of the total stock, 2.22 billion bushels are stored on farms, up five percent from a year earlier. Off-farm stocks, at 1.89 billion bushels, are down 15 percent from a year ago. The indicated disappearance over the period March to May quarter of 2023 is 3.29 billion bushels, compared with 3.41 billion bushels during the same period last year.

SOYBEANS stored in all locations on June 1^st 2023 totaled 796 million bushels, down 18 percent from June 1^st 2022. On-farm stocks totaled 323 million bushels, down 3 percent from a year ago. Off-farm stocks, at 473 million bushels, are down 26 percent from a year ago. The indicated disappearance for the March - May 2023 quarter of 2023 totaled 891 million bushels, down eight percent from the same period a year earlier.

Prices and commentary are incorporated in the Weekly Commodity and Energy Report posted each week and a summary of the WASDE #637 released on June 9^th is retrievable under the STATISTICS tab.