Corn stocks in all positions on June 1, 2012 totaled 3.15 billion bushels, down 14% from June 1, 2011. Of the total stocks, 1.48 billion bushels are stored on farms, down 12% from a year earlier. Off-farm stocks, at 1.67 billion bushels, are down 16% from a year ago. The March - May 2012 indicated disappearance is 2.87 billion bushels, compared with 2.85 billion bushels during the same period last year.

Soybeans stored in all positions on June 1, 2012 totaled 667 million bushels, up 8% from June 1, 2011. On-farm stocks totaled 179 million bushels, down 18% from a year ago. Off-farm stocks, at 488 million bushels, are up 22% from a year ago. Indicated disappearance for the March - May 2012 quarter totaled 707 million bushels, up 12% from the same period a year earlier.

For the full report, click here.