 In addition to the acreage report, the USDA also released its quarterly grain stocks. This report provides a snapshot of the grain stocks on hand as of June 1, 2024. And here are some of the key findings. U.S. corn stocks were reported at 4.993 billion bushels. This was higher than the trade's expectation of 4.873 billion bushels, and it represents a big 22% increase from a year ago.