mn-press-releases MINNESOTA AG NEWS USDA, NASS MN Dept of Agriculture MINNESOTA FIELD OFFICE PO Box 7068, St. Paul, MN 55107 Douglas Hartwig, Director Phone: (651) 296-2230 Homepage: http://www.nass.usda.gov/mn/ E-mail: nass-mn@nass.usda.gov --------------------------------------------------------------------------- Grain Stocks Released: June 30, 2008 --------------------------------------------------------------------------- MINNESOTA JUNE 1 ALL SOYBEAN STOCKS DOWN 41 PERCENT FROM LAST YEAR The Minnesota June 1 Grain Stocks Survey estimated SOYBEANS stored in all positions at 82.5 million bushels, down 41 percent from a year earlier, according to the USDA, NASS, Minnesota Field Office. The change in all soybean stocks levels from June 1, 2007 to June 1, 2008 was the largest one-year drop on record for June totaling 58 million bushels. CORN stocks in all positions totaled 460 million bushels, virtually unchanged from a year earlier. On-farm storage of 330 million was also unchanged. ALL WHEAT stocks in all positions totaled 10.9 million bushels, down 33 percent from June 1, 2007. On-farm stocks, at 1.5 million bushels, accounted for 13.3 percent of the total. All wheat was at its lowest June 1 stocks level on record. BARLEY stocks in all positions totaled 15.3 million bushels, up 73 percent from a year earlier. On-farm stocks of 320 thousand bushels, accounted for 2 percent of the total and was the lowest June 1 on-farm barley stocks level on record. OAT stocks in all positions totaled 25.5 million bushels, up 75 percent from a year earlier. On-farm stocks, at 1.9 million bushels, account for 7 percent of the total. U.S. HIGHLIGHTS Corn Stocks up 14 Percent from June 2007 Soybean Stocks down 38 Percent All Wheat Stocks Down 33 Percent Corn stocks in all positions on June 1, 2008 totaled 4.03 billion bushels, up 14 percent from June 1, 2007. Of the total stocks, 1.97 billion bushels are stored on farms, up 8 percent from a year earlier. Off-farm stocks, at 2.06 billion bushels, are up 21 percent from a year ago. The March - May 2008 indicated disappearance is 2.83 billion bushels, compared with 2.53 billion bushels during the same period last year. Soybeans stored in all positions on June 1, 2008 totaled 676 million bushels, down 38 percent from June 1, 2007. On-farm stocks totaled 227 million bushels, down 55 percent from a year ago. Off-farm stocks, at 449 million bushels, are down 24 percent from the previous year. Indicated disappearance for the March - May 2008 quarter totaled 758 million bushels, up 9 percent from the same period a year earlier. All wheat stored in all positions on June 1, 2008 totaled 306 million bushels, down 33 percent from a year ago. On-farm stocks are estimated at 25.6 million bushels, down 65 percent from last year. Off-farm stocks, at 280 million bushels, are down 27 percent from a year ago. The March - May 2008 indicated disappearance is 404 million bushels, up 1 percent from the same period a year earlier. JUNE 1 MINNESOTA & U.S. GRAIN STOCKS TOTAL ALL COMMODITY ON FARM OFF FARM POSITIONS 2008/ 2007 2008 2007 2008 2007 2008 2007 -1,000 BUSHELS- PERCENT MINNESOTA CORN 330,000 330,000 130,214 130,432 460,214 460,432 100 SOYBEANS 91,000 43,000 49,423 39,522 140,423 82,522 59 ALL WHEAT 4,400 1,450 11,796 9,424 16,196 10,874 67 BARLEY 600 320 8,273 14,991 8,873 15,311 173 OATS 2,450 1,900 12,171 23,645 14,621 25,545 175 UNITED STATES CORN 1,826,600 1,970,900 1,706,843 2,057,117 3,533,443 4,028,017 114 SOYBEANS 500,000 226,600 592,185 449,491 1,092,185 676,091 62 ALL WHEAT 73,190 25,635 382,963 279,983 456,153 305,618 67 BARLEY 14,580 9,950 54,300 58,275 68,880 68,225 99 OATS 18,400 16,100 32,198 50,704 50,598 66,804 132