Bean stockpile more than doubles
According to the U.S. Department of Agriculture’s (USDA) Sept. 30 grain stock report, old crop soybeans stored in all positions on Sept. 1 totaled 913 million bushels, up 108% from the same date last year.
Soybean stocks stored on farms totaled 265 million bushels, up 162% from a year ago.
The USDA also noted old crop corn stocks in all positions on Sept. 1 totaled 2.11 billion bushels, down 1% from Sept. 1, 2018.
Of the total stocks, 753 million bushels are stored on farms, up 22% from a year...
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