WASHINGTON, D.C. (RFD News) — USDA’s June 1 grain stocks report showed larger corn, soybean, and wheat supplies than last year, but corn and wheat came in below average trade expectations.
The National Agricultural Statistics Service estimates corn stocks at 5.29 billion bushels, up 14 percent from June 2025. That was below the average trade guess of about 5.41 billion bushels, with pre-report estimates ranging from 5.30 billion to 5.50 billion.
Soybean stocks totaled 1.06 billion bushels, up 5 percent from last year and slightly above the average trade guess of about 1.05 billion. March-through-May disappearance was up 18 percent from a year earlier.
Old-crop wheat stocks totaled 920 million bushels, up 8 percent from last year but below the average trade guess of 934 million. Grain sorghum stocks fell 33 percent to 66.7 million bushels.
The report gives markets fresh demand signals as traders weigh acreage, weather, and summer basis risk.
Farm-Level Takeaway: Producers should compare June stocks with local basis and new-crop weather risk before making summer marketing decisions.
