The USDA Grain Stocks Report revealed that 1.39 billion bushels had been stored in all positions on June 1, 2020, a decrease of 22 percent from June 1, 2019.
Soybeans stored in all positions on June 1, 2020 totaled 1.39 billion bushels, down 22 percent from June 1, 2019.
On-farm stocks were down 13 percent, with a total of 633 million bushels while off-farm stocks were at 753 million a bushels, a year-over-year drop of 22 percent.
Corn, on the other hand, was up less than 1 percent in all positions year-over-year.