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U.S. Soybean Inventory Rises 8%
WASHINGTON - Jun 29/12 - SNS -- Soybeans stored in all positions on June 1, 2012 totaled 667 million bushels, up 8% from June 1, 2011, according to the latest stocks in all positions report from the USDA.
On-farm stocks totaled 179 million bushels, down 18% from a year ago. Off-farm stocks, at 488 million bushels, are up 22% from a year ago. Indicated disappearance for the March - May 2012 quarter totaled 707 million bushels, up 12% from the same period a year earlier.
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