Year-over-year soybean stocks rise

WASHINGTON — An end of the third-quarter snapshot of grain stocks were rolled out by the U.S. Department of Agriculture’s National Agricultural Statistics Service June 30.

The report estimated on-farm and off-farm storage as of June 1.

Soybeans

Soybeans stored in all positions on June 1 totaled 1.01 billion bushels, 4% higher than on June 1, 2024.

On-farm soybean stocks totaled 412 million bushels, down 12% from a year ago. Off-farm stocks, at 596 million bushels, are 18% higher from a year ago.

Indicated disappearance for the March-May 2025 quarter totaled 903 million bushels, 3% higher year-over-year.

Corn

The nation’s stocks in all positions on June 1 was estimated at 4.64 billion bushels, down 7% from 12 months ago.

Of the total stocks, 2.56 billion bushels are stored on farms, 16% lower than a year earlier. Off-farm stocks, at 2.09 billion bushels, are up 6% from a year ago.

The March-May 2025 indicated disappearance is 3.50 billion bushels, compared with 3.36 billion bushels during the same period last year.

Wheat

Old crop all wheat stored in all positions on June 1 was estimated at 851 million bushels, 22% higher year-over-year.

On-farm stocks are estimated at 184 million bushels, 32% above last year. Off-farm stocks, at 667 million bushels, are up 20% from a year ago.

The March-May 2025 indicated disappearance is 386 million bushels, 2% less than the same period a year earlier.

Survey Methodology

The grain stocks estimates in this report are based on surveys conducted during the first two weeks of June. Separate surveys are conducted to obtain the on-farm and off-farm estimates.

The on-farm stocks survey is a probability survey that includes a sample of approximately 67,700 farm operators selected from a list of producers that ensures all operations in the United States have a chance to be selected.

These producers are asked to provide the total quantities of grain stored on their operations as of June 1, 2025. This includes all whole grains and oilseeds stored whether for feed, seed, or sale, as well as any stored under a government program.

The off-farm stocks survey is an enumeration of all known commercial grain storage facilities. This includes approximately 7,900 facilities with 11.8 billion bushels of storage capacity. An effort is made to obtain a report from all facilities.

Reports of stock holdings are normally received from operations covering about 90% of the capacity. Estimates are made for missing facilities to make the survey complete.

Corn Stocks by Position

June 1, 2024 and 2025

(1,000 bushels)

Illinois

On-farm 2024: 445,000

Off-farm 2024: 429,434

On-farm 2025: 335,000

Off-farm 2025: 414,085

Indiana

On-farm 2024: 205,000

Off-farm 2024: 134,486

On-farm 2025: 165,000

Off-farm 2025: 114,062

Iowa

On-farm 2024: 570,000

Off-farm 2024: 309,608

On-farm 2025: 495,000

Off-farm 2025: 408,034

Soybean Stocks by Position

June 1, 2024 and 2025

(1,000 bushels)

Illinois

On-farm 2024: 66,000

Off-farm 2024: 92,522

On-farm 2025: 55,000

Off-farm 2025: 118,179

Indiana

On-farm 2024: 38,000

Off-farm 2024: 35,750

On-farm 2025: 38,000

Off-farm 2025: 33,743

Iowa

On-farm 2024: 83,000

Off-farm 2024: 91,911

On-farm 2025: 73,000

Off-farm 2025: 110,159