Tidbits, Stocks & Acres, Trade Negotiations, ENSO, Export Inspections 7/1/25
Highlights
The USDA Grain Inventory and Actual Planted Acreage Reports were so absolutely neutral, that the biggest news of the day from USDA was the corn crop conditions added 3% this past week to the top two condition categories after losing 2% a week ago. Soybean crop condition ratings were unchanged.
Corn stocks were less than a year ago and almost as expected. Of the remaining old crop corn, 2.556 billion bushels (3.026 a year ago) were still on the farm and 2.087 billion bushels (1.971 a year ago) were stored off farms as of 1 June.
Soybean stocks were higher than last year and above the average expectation. Of the old crop soybeans, 411,700 bushels (466,000 a year ago) were on farms and 595,964 bushels (504,050 a year ago) off farms.
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