June 29, 2007

Corn stocks in all positions on June 1, 2007 totaled 369 million bushels, down 26% from June 1, 2006, according to the USDA's National Agricultural Statistics Service, Nebraska Field Office. Of the total, 180 million bushels are stored on farms, down 35% from a year ago. Off-farm stocks, at 189 million bushels, are down 17% from last year.

Soybeans stored in all positions on June 1, 2007 totaled a record high 107 millionbushels, up 42% from last year. On-farm stocks are 37 million bushels, up 35% froma 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 area record low and down 56% from 2006. Off-farm stocks of 12.9 million bushels are down14% 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.