Corn – Jun 1^st Stocks Reach a 30 Year High Seasonal Level, Finish Above Analyst Expectations Corn stored in all positions as of Jun 1^st, 2018 totaled 5.31 billion bushels, up 1.5% from the previous year and finishing at a 30 year high seasonal level. Corn stocks finished 0.7% above average analyst estimates of 5.27 billion bushels. Stocks indicated disappearance of 3.59 billion bushels from the previous quarter, 5.7% above the drawdown experienced during the same period last year. Jun 1^st corn stocks were most significant within Iowa, followed by Illinois and Minnesota. The aforementioned states combined to account for over half of the total U.S. corn stocks. The most significant YOY increases in Jun 1^st corn stocks were experienced throughout Illinois, Kansas and Ohio. Illinois accounted for 86% of the total YOY increase in corn stocks. Soybeans – Jun 1^st Stocks Reach a Record Seasonal High but Finish Slightly Below Analyst Expectations Soybeans stored in all positions as of Jun 1^st, 2018 totaled 1.22 billion bushels, up 26.5% from the previous year and finishing at a record seasonal high level. Soybean stocks finished 0.2% below average analyst estimates of 1.23 billion bushels, however. Stocks indicated disappearance of 888 million bushels from the previous quarter, 14.8% above the drawdown experienced during the same period last year. Jun 1^st soybean stocks were most significant within Illinois, followed by Iowa and Minnesota. The aforementioned states combined to account for nearly half of the total U.S. soybean stocks. The most significant YOY increases in Jun 1^st soybean stocks were experienced throughout Illinois, Iowa and Nebraska. Illinois accounted for 33% of the total YOY increase in soybean stocks. Wheat – Jun 1^st Stocks Lower YOY but Finish Above Analyst Expectations Wheat stored in all positions as of Jun 1^st, 2018 totaled 1.10 billion bushels, down 6.8% from the previous year but remaining at the second highest seasonal level experienced throughout the past 30 years. Wheat stocks finished 0.8% above average analyst estimates of 1.09 billion bushels. Stocks indicated disappearance of 395 million bushels from the previous quarter, down 17.3% from the same period last year. Jun 1^st wheat stocks were most significant within Kansas, followed by Oklahoma and North Dakota. The aforementioned states combined to account for nearly half of the total U.S. wheat stocks. The most significant YOY declines in Jun 1^st wheat stocks were experienced throughout South Dakota, Washington and Minnesota.