The latest Grain Stocks report shows corn stocks down 14-percent from June 2011 at 3.15-billion bushels. The 2.87-billion bushel disappearance between March and May of this year is the highest on record for corn during this quarter. Soybean stocks totaled 667-million bushels – up eight-percent – but indicated disappearance for the quarter totaled 707-million bushels. All wheat stocks are down 14-percent at 743-million bushels. The 457-million bushel disappearance is down 19-percent from the same period a year earlier.

USDA says old crop barley stocks totaled 60.1-million bushels on June 1. That’s down 33-percent from last year at this time. Old crop oats stocks are down 19-percent from the previous year at 55-million bushels. Grain sorghum stocks stand at 58.5-million bushels – down 27-percent from a year ago.