 U.S. grain stocks on June 1st were up sharply on the year. The USDA says quarterly grain stocks were nearly 5 billion bushels, up 22%, with a larger supply following 2023's record crop more than canceling out better third quarter usage. Soybeans were pegged at 970 million bushels, 22% higher, as the smaller 2023 crop was balanced out by slower third quarter demand.