Will this day of double-digit gains on the board get grain trucks rolling into town?

Some 4.3 billion bushels of old corn was available in on- and off-farm storage as of June 1. How much of that is left is a question that's on traders' minds. [USDA data, DTN graphic]

In the case of corn, at least, there are indications there may be plenty of corn left to move. If you take the June 1 stocks report as a starting point, there were more than 4.3 billion bushels of corn left in storage. For the U.S. as a whole it was pretty evenly split between on- and off-farm facilities (2.13 b bu on farms, 2.18 b b off farms), but a look at the way the states broke out there were some wider differences.

Illinois, Iowa and Kansas each reported a smaller share of corn in on-farm than in commercial storage, while a bigger proportion remained on farms in Indiana, Minnesota, and South Dakota.

Of course, that says nothing about what's happened in the last 7 or so weeks. Judging by some of the comments showing up in on-line chat rooms, and from conversations we've had with growers, it sounds as if there is still plenty of corn left in some areas.