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 Minnesota Field Office of the U.S. Department of Agriculture. 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.