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US soybean stocks as of June 1 up 26% y/y at 971 million bushels: USDA

30 Jun 2022 10:30 pm
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NEW DELHI, June 30 (Commoditiescontol) - US soybean stocks as of June 1 stood at 971 million bushels, up 26 percent over the same period last year, the U.S. Department of Agriculture said on Thursday.

The corn stockpile totaled 4.35 billion bushels, up 6 percent from a year earlier.

Soybeans stored in all positions on June 1, 2022 totaled 971 million bushels, up 26 percent from June 1, 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.

Corn stocks in all positions on June 1, 2022 totaled 4.35 billion bushels, up 6 percent from June 1, 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.

Wheat: Old crop all wheat stored in all positions on June 1, 2022 totaled 660 million bushels, down 22 percent from a year ago. On-farm stocks are estimated at 93.0 million bushels, down 34 percent from last year. Off-farm

stocks, at 567 million bushels, are down 19 percent from a year ago. The March - May 2022 indicated disappearance is 364 million bushels, down 22 percent from the same period a year earlier.

Old crop Durum wheat stocks in all positions on June 1, 2022 totaled 21.2 million bushels, down 22 percent from a year ago. On-farm stocks, at 9.29 million bushels, are down 31 percent from June 1, 2021. Off-farm stocks totaled 11.9 million bushels, down 14 percent from a year ago. The March - May 2022 indicated disappearance of 9.11 million bushels is down 39 percent from the same period a year earlier.

(By Commoditiescontrol Bureau)

       
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