U.S. Grain Stocks

If we look at a chart the plots corn, beans, and wheat on top of each other, this year’s stocks easily the lowest going back to 2012-2014.At this time USDA is projecting a small increase in stocks next year when combined and most of that due to increased corn stocks. But with weather looking threatening, next year’s ending stocks are at risk of falling lower if we don’t get rain soon.