The USDA domestic corn stocks on June 1st, 2020 were a little bit larger than on June 1st, 2019, while soybean and wheat supplies got tighter.
Quarterly corn stocks of 5.224 billion bushels were up less than 1% on the year, with a much lower than a year ago implied third quarter usage, 2.73 billion bushels in Q3 2020 versus 3.41 billion in Q3 2019, as demand slowed and some producers held onto supplies hoping for higher prices.
