U.S. corn, soybean stocks up from 2015

Wheat and barley crops both see record-high yields.

As of Sept. 1, there were 1.74 billion bu. of old-crop corn and 197 million bu. of old-crop soybeans in storage, according to the “Grain Stocks” report released Sept. 30 by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS). The corn and soybean numbers were both below the average trade estimate of 1.754 billion bu. and 200 million bu., respectively.

Producers reported that there were 627 million bu. of corn stored on farms, up 6% from this time in

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