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Grain stocks higher than a year ago

Corn stored in all positions in Wisconsin on June 1, 2024, totaled 215 million bushels, up 3% from June 1, 2023, according to the latest USDA, National Agricultural Statistics Service – Grain Stocks report. Of the total stocks, 51% were stored on-farm. The March-May 2024 indicated disappearance totaled 144 million bushels, 36% above the 106 million bushels from the same quarter the previous year. Soybeans stored in all positions in Wisconsin this June 1 totaled 30.4 million bushels, up 14% from June 1, 2023. Of the total stocks, 41% were stored on-farm. Indicated disappearance for March-May 2024 was 21.5 million bushels, 17% below the 26 million bushels from the same quarter the previous year. Across the nation, corn stocks in all positions on June 1, 2024, totaled 4.99 billion bushels, up 22% from June 1, 2023. Of the total stocks, 3.03 billion bushels are stored on farms, up 37% from a year earlier. Off-farm stocks, at 1.97 billion bushels, are up 4% from a year ago. The March-May 2024 indicated disappearance is 3.36 billion bushels, compared with 3.29 billion bushels during the same period last year. Soybeans stored in all positions on June 1, 2024, totaled 970 million bushels, up 22% from June 1, 2023. On-farm stocks totaled 466 million bushels, up 44% from a year ago. Off-farm stocks, at 504 million bushels, are up 6% from a year ago. Indicated disappearance for the March-May 2024 quarter totaled 875 million bushels, down 2% from the same period a year earlier. All wheat stored in all positions on June 1, 2024, totaled 702 million bushels, up 23% from a year ago. On-farm stocks are estimated at 139 million bushels, up 12% from last year. Off-farm stocks, at 563 million bushels, are up 27% from a year ago. The March-May 2024 indicated disappearance is 387 million bushels, up 4% from the same period a year earlier. Oats stored in all positions on June 1, 2024, totaled 36.3 million bushels, 4% above the stocks on June 1, 2023. Of the total stocks on hand, 11.7 million bushels are stored on farms, 15% below a year ago. Off-farm stocks totaled 24.6 million bushels, 17% above the previous year. Indicated disappearance during March-May 2024 totaled 15.2 million bushels, 87% above the same period a year ago. The complete report can be found on the USDA NASS website at www.nass.usda.gov/Publications.