WASHINGTON, June 29: The U.S. Department of Agriculture will release its quarterly inventory report for June 1 at noon ET on Thursday. Analysts expect the report to show U.S. soybean stocks at 959 million bushels on June 1, 2021, up about 25% from 769 million bushes on June 1 last year and down from 1.931 billion on March 1 this year . Analysts’ forecasts ranged from 740 to 1.1 billion bushels,
U.S. corn stocks on June 1 are forecast at 4.33 billion bushels, up from 4.111 billion on June 1 last year and down from 7.85 billion on March 1. The forecast range is from 4.095 to 4.474 billion bushels.
U.S. all-wheat stocks are forecast at 655 million bushels on June 1, down from 845 million on June 1 last year and down from 1.025 billion on March 1. The forecast range is from 635 to 670 million bushels.