Soybeans stored in all positions on June 1, 2007 totaled a record high 107 million bushels, up 42% from last year. On-farm stocks are 37 million bushels, up 35% from a year ago and the highest on record. Off-farm stocks, at 70 million bushels, are also a record high and up 46% from 2006.
Wheat stored in all positions on June 1, 2007 totaled 13.6 million bushels, down 18% from a year ago and the lowest since 1952. On-farm stocks of 700 thousand bushels are a record low and down 56% from 2006. Off-farm stocks of 12.9 million bushels are down 14% from last year and lowest since 1975.
Sorghum stored in all positions on June 1, 2007 totaled 8.6 million bushels, down 7% from 2006 and lowest since 1957. On-farm stocks are 1.1 million bushels, down 50% from a year ago and the low.
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