Let's make sure you're getting an accurate reading, as this is a common issue:
1. Wood should be reasonably close to 70F room temperature, or else you need to use a temperature correction table. This doesn't mean it has to be 70 ± 1°F, but it can't be frozen, either.
2. You need to test on a freshly split face, so as you're measuring the internal moisture content. The outer faces of a split will always be drier than the core, even after just a day or two.
3. Precisely "proper" procedure is to measure 3 places on each freshly-split face, at roughly 1/4, 1/2, and 3/4 along it's length. Average these three numbers together.
4. Proper procedure for getting an average for your load or stack, is to pull three pieces from either end and middle of the stack, and repeat the above.
If you do all that and still get 20%, then please send me this guy's phone number.
But to answer your question, wood can dry some if bucked to rounds and stacked. It takes longer, and stacking rounds such that they won't rot is something that wouldn't be saving him any time or space, but it is theoretically possible. My own experience, which seems to be shared by the majority of the forum, is that wood will NOT dry very well in log form, which is how most small commercial operations seem to store their wood for best convenience and handling.