April 1, 2009
US corn, wheat stocks seen up; soy stocks drop
Corn and wheat stocks, either stored on- or off-farm, are higher than they were a year ago, but soy stocks are down, the US Department of Agriculture said Tuesday in its quarterly Grain Stocks report.
Corn stocks, as of March 1, totalled 6.96 billion bushels, a 1 percent increase from a year ago, the USDA said.
All-wheat stored on- and off-farm totalled 1.04 billion bushels, up 46 percent from a year ago the USDA said.
Soy stocks in all positions totalled 1.3 billion bushels as of March 1, a 9 percent decrease from a year ago.
