June 29 USDA Acreage and Stocks Report

Corn Planted Acreage Up 5 Percent from 2011
Soybean Acreage Up 1 Percent
All Wheat Acreage Up 3 Percent
All Cotton Acreage Down 14 Percent

USDA reports corn planted area for all purposes in 2012 is estimated at 96.4 million acres, up 5 percent from last year and represents the highest planted acreage in the United States since 1937 when an estimated 97.2 million acres were planted. Growers expect to harvest 88.9 million acres for grain, up 6 percent from last year.

Soybean planted area for 2012 is estimated at 76.1 million acres, up 1 percent from last year and is the third highest on record. Area for harvest, at 75.3 million acres, is up 2 percent from 2011. Record high planted acreage is estimated in New York, North Dakota, and Pennsylvania, and the planted area in South Dakota ties the previous record high.

All wheat planted area is estimated at 56.0 million acres, up 3 percent from 2011. The 2012 winter wheat planted area, at 41.8 million acres, is up 3 percent from last year and up slightly from the previous estimate. Of this total, about 30.0 million acres are Hard Red Winter, 8.3 million acres are Soft Red Winter, and 3.5 million acres are White Winter. Area planted to other spring wheat for 2012 is estimated at 12.0 million acres, down 3 percent from 2011. Of this total, about 11.4 million acres are Hard Red Spring wheat. Durum planted area for 2012 is estimated at 2.20 million acres, up 61 percent from the previous year.

All cotton planted area for 2012 is estimated at 12.6 million acres, 14 percent below last year. Upland area is estimated at 12.4 million acres, down 14 percent from 2011. American Pima area is estimated at 235,000 acres, down 24 percent from 2011.



NEBRASKA’S JUNE 1, 2012 ACREAGE REPORT

Nebraska producers increased acreage planted to corn, soybeans, sorghum, dry edible beans, and oats from a year ago, while decreasing acres planted to winter wheat, hay, proso millet, sunflower, and sugarbeets, according to USDA’s National Agricultural Statistics Service, Nebraska Field Office.  

Nebraska corn growers planted 9.9 million acres for all purposes in 2012, up 1 percent from last year and the largest total since 1933.  Biotechnology varieties accounted for 91 percent of the planted acreage, down 2 percentage points from a year ago.

Soybean producers planted 5.1 million acres, up 4 percent from the previous year and second highest of record, behind only the 5.15 million acres planted in 2010. Biotechnology varieties resistant to herbicides accounted for 95 percent of the planted acreage, down from 97 percent last year.

Last fall, winter wheat was sown on 1.4 million acres, down 8 percent from 2011. Area for harvest, at 1.32 million, is down 9 percent from 2011.

Sorghum growers planted 165,000 acres, 10 percent more than 2011.

Alfalfa hay acreage for harvest, at 790,000, is up 1 percent from last year.  Other types of hay, at 1.6 million acres, are down 6 percent from a year earlier.  Dry edible bean producers planted 165,000 acres, up 50 percent from a year earlier.  Oat seedings, at 80,000 acres, are up 33 percent from 2011.  Proso Millet plantings of 65,000 acres are down 19 percent from a year ago.  Sunflower acres of 35,000 are down 41 percent from 2011.  Sugarbeet plantings of 51,000 acres are down 1,300 acres from last year.




Iowa Planted Acreage

Corn  planted  area  for  all  purposes  is  estimated  at 14.0 million  acres,  down  100,000  acres  from  2011  and 600,000  acres  below  the March  intentions  according  to the  USDA  National  Agricultural  Statistics  Service  – Acreage  report.    Corn  to  be  harvested  for  grain  is forecasted at 13.6 million acres.

Soybean acreage planted is estimated at 9.50 million acres, up 150,000 acres from 2011,  and  700,000  acres  above  the  March  intentions.  Soybean  acreage  to  be  harvested  is  forecasted  at  9.44 million  acres.  

Acreage  seeded  to  oats  is  estimated  at 130,000 acres, up 10,000 acres from 2011.  Oat acreage to be  harvested  for  grain  is  forecasted  at  60,000  acres.  Acreage  seeded  to winter wheat  last  fall  is  estimated  at 25,000  acres.   Winter wheat  acreage  to  be  harvested  for grain  is forecasted at 15,000 acres. The acreage estimates in  this  report  are  based  on  data  collected  from May  30 through June 18.

Producers  also  reported  the  percent  of  genetically modified (GM) seed varieties used to plant the 2012 corn and soybean acres.  The percent of corn acreage planted to insect  resistant  (Bt)  varieties  is  estimated  at  12 percent, herbicide  resistant  only  varieties  were  planted  on 15 percent  of  the  acres,  and  stacked  gene  varieties were planted on 64 percent of the acres.   Overall, 91 percent of the corn acreage was planted  to GM  seed.   Ninety-seven percent  of  Iowa’s  soybean  acreage  was  planted  with herbicide resistant GM seed.



USDA Grain Stocks, June 29, 2012
Corn Stocks Down 14 Percent from June 2011
Soybean Stocks Up 8 Percent
All Wheat Stocks Down 14 Percent

Corn stocks in all positions on June 1, 2012 totaled 3.15 billion bushels, down 14 percent from June 1, 2011. Of the total stocks, 1.48 billion bushels are stored on farms, down 12 percent from a year earlier. Off-farm stocks, at 1.67 billion bushels, are down 16 percent from a year ago. The March - May 2012 indicated disappearance is 2.87 billion bushels, compared with 2.85 billion bushels during the same period last year.

Soybeans stored in all positions on June 1, 2012 totaled 667 million bushels, up 8 percent from June 1, 2011. On-farm stocks totaled 179 million bushels, down 18 percent from a year ago. Off-farm stocks, at 488 million bushels, are up 22 percent from a year ago. Indicated disappearance for the March - May 2012 quarter totaled 707 million bushels, up 12 percent from the same period a year earlier.

Old crop all wheat stored in all positions on June 1, 2012 totaled 743 million bushels, down 14 percent from a year ago. On-farm stocks are estimated at 112 million bushels, down 14 percent from last year. Off-farm stocks, at 631 million bushels, are down 14 percent from a year ago. The March - May 2012 indicated disappearance is 457 million bushels, down 19 percent from the same period a year earlier.

Old crop Durum wheat stocks in all positions on June 1, 2012 totaled 25.6 million bushels, down 28 percent from a year ago. On-farm stocks, at 15.2 million bushels, are down 31 percent from June 1, 2011. Off-farm stocks totaled 10.4 million bushels, down 22 percent from a year ago. The March - May 2012 indicated disappearance of 10.2 million bushels is down 51 percent from the same period a year earlier.

Old crop barley stocks in all positions on June 1, 2012 totaled 60.1 million bushels, down 33 percent from June 1, 2011. On-farm stocks are estimated at 9.67 million bushels, 63 percent below a year ago. Off-farm stocks, at 50.4 million bushels, are 20 percent below June 1, 2011. The March - May 2012 indicated disappearance is 33.7 million bushels, 31 percent below the same period a year earlier.

Old crop oats stored in all positions on June 1, 2012 totaled 55.0 million bushels, 19 percent below the stocks on June 1, 2011. Of the total stocks on hand, 11.1 million bushels are stored on farms, 24 percent lower than a year ago. Off-farm stocks totaled 43.9 million bushels, 17 percent below the previous year. Indicated disappearance during March - May 2012 totaled 19.8 million bushels, compared with 18.7 million bushels during the same period a year ago.

Grain sorghum stored in all positions on June 1, 2012 totaled 58.5 million bushels, down 27 percent from a year ago. On-farm stocks, at 4.12 million bushels, are up 31 percent from last year. Off-farm stocks, at 54.4 million bushels, are down 29 percent from June 1, 2011. The March - May 2012 indicated disappearance from all positions is 49.6 million bushels, down 46 percent from the same period last year.




NEBRASKA JUNE 1, 2012 GRAIN STOCKS

Nebraska Corn stocks in all positions on June 1, 2012 totaled 355 million bushels, down 18 percent from 2011 and the smallest total since 2004, according to the USDA’s National Agricultural Statistics Service, Nebraska Field Office.  Of the total, 170 million bushels are stored on farms, down 11 percent from a year ago.  Off-farm stocks, at 185 million bushels, are down 24 percent from last year.

Soybeans stored in all positions on June 1, 2012 totaled 63.8 million bushels, up  42 percent from last year.  On-farm stocks of 10 million bushels are down 9 percent from a year ago while off-farm stocks, at 53.8 million bushels, are up 59 percent from 2011.

Wheat stored in all positions on June 1, 2012 totaled 20.7 million bushels, down 41 percent from a year ago.  On-farm stocks of 700 thousand bushels are up 8 percent from 2011 while off-farm stocks of 20.0 million bushels are down 42 percent from last year.

Sorghum stored in all positions on June 1, 2012 totaled 4.3 million bushels, down 7 percent from 2011 and the lowest since 1957.  On-farm stocks are 300 thousand bushels, down 25 percent from a year ago and the lowest on record.  Off-farm holdings, at 4.0 million bushels, are 5 percent below last year.




Iowa Grain Stocks June 1, 2012

Iowa  corn  stocks  in  all  positions  on  June  1,  2012  totaled 689 million bushels, 12   percent below a year ago, according  to the  USDA  National  Agricultural  Statistics  Service  –  Grain Stocks  report.   Of  the  total  stocks,  48  percent were  stored  on-farm.   The March  - May  2012  indicated  disappearance  totaled 599  million  bushels,  23  percent  more  than  the  488 million bushels used during the same period last year.

Iowa  soybeans  stored  in  all  positions  on  June  1,  2012  totaled 147 million bushels, 5 percent more than the 139 million bushels on  hand  June  1,  2011.    Of  the  total  stocks,  30 percent  were stored  on-farm.    Indicated  disappearance  for  the March  - May 2012 period was 148 million bushels, 39 percent more  than  the 107 million bushels used during the same quarter last year.

Iowa oat  stocks  stored  in all positions on  June 1, 2012  totaled 6.81 million bushels, up 4 percent from the 6.56 million bushels on hand June 1, 2011.  Of the total stocks, 10 percent were stored on-farm.