USDA June 2022 Quarterly Grain Stocks Highlights

USDA June 2022 Quarterly Grain Stocks Highlights

Released June 30, 2022, by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).

Corn Stocks Up 6 Percent from June 2021
Soybean Stocks Up 26 Percent
All Wheat Stocks Down 22 Percent

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.

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.

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.

Old crop barley stocks in all positions on June 1, 2022 totaled 42.2 million
bushels, down 41 percent from June 1, 2021. On-farm stocks are estimated at
9.76 million bushels, 54 percent below a year ago. Off-farm stocks, at
32.4 million bushels, are 35 percent below June 1, 2021. The March - May 2022
indicated disappearance is 30.4 million bushels, 38 percent below the same
period a year earlier.

Old crop oats stored in all positions on June 1, 2022 totaled 32.6 million
bushels, 14 percent below the stocks on June 1, 2021. Of the total stocks on
hand, 9.89 million bushels are stored on farms, 21 percent below a year ago.
Off-farm stocks totaled 22.7 million bushels, 11 percent below the previous
year. Indicated disappearance during March - May 2022 totaled 10.4 million
bushels, 23 percent below the same period a year ago.

Grain sorghum stored in all positions on June 1, 2022 totaled 121 million
bushels, up 195 percent from a year ago. On-farm stocks, at 3.53 million
bushels, are up 72 percent from last year. Off-farm stocks, at 117 million
bushels, are up 202 percent from June 1, 2021. The March - May 2022 indicated
disappearance from all positions is 86.2 million bushels, down 10 percent
from the same period last year.

Pulse crops stored in all positions on June 1, 2022 and the change from
June 1, 2021 are: dry edible peas, 3.14 million cwt, down 4 percent; lentils,
1.05 million cwt, down 36 percent; all chickpeas, 1.99 million cwt, down
11 percent; small chickpeas, 401 thousand cwt, down 35 percent; and large
chickpeas, 1.59 million cwt, down 1 percent. Small chickpeas are defined as
peas that will pass through a 20/64 inch round hole screen. Large chickpeas
are defined as larger than 20/64 inches.

This report was approved on June 30, 2022.