March 31 USDA Prospective Plantings and Grain Stocks reports

USDA Prospective Plantings Report - March 31, 2016

Corn Planted Acreage Up 6 Percent from 2015
Soybean Acreage Down Less Than 1 Percent
All Wheat Acreage Down 9 Percent
All Cotton Acreage Up 11 Percent
Corn planted area for all purposes in 2016 is estimated at 93.6 million acres, up 6 percent from last year. If realized, this will represent the highest planted acreage in the United States since 2013, and will be the third highest planted acreage in the United States since 1944.

Soybean planted area for 2016 is estimated at 82.2 million acres, down less than 1 percent from last year. Compared with last year, planted acreage intentions are down or unchanged in 23 of the 31 estimating States.

All wheat planted area for 2016 is estimated at 49.6 million acres, down 9 percent from 2015. The 2016 winter wheat planted area, at 36.2 million acres, is down 8 percent from last year and down 1 percent from the previous estimate. Of this total, about 26.2 million acres are Hard Red Winter, 6.60 million acres are Soft Red Winter, and 3.37 million acres are White Winter. Area planted to other spring wheat for 2016 is estimated at 11.3 million acres, down 14 percent from 2015. Of this total, about 10.7 million acres are Hard Red Spring wheat. The intended Durum planted area for 2016 is estimated at 2.00 million acres, up 3 percent from the previous year.

All cotton planted area for 2016 is estimated at 9.56 million acres, 11 percent above last year. Upland area is estimated at 9.35 million acres, up 11 percent from 2015. American Pima area is estimated at 215,000 acres, up 36 percent from 2015.



USDA Grain Stocks Report - March 31, 2016 

Corn Stocks Up 1 Percent from March 2015
Soybean Stocks Up 15 Percent
All Wheat Stocks Up 20 Percent

Corn stocks in all positions on March 1, 2016 totaled 7.81 billion bushels, up 1 percent from March 1, 2015. Of the total stocks, 4.34 billion bushels were stored on farms, down 1 percent from a year earlier. Off-farm stocks, at 3.47 billion bushels, are up 3 percent from a year ago. The December 2015 - February 2016 indicated disappearance is 3.43 billion bushels, compared with 3.46 billion bushels during the same period last year.

Soybeans stored in all positions on March 1, 2016 totaled 1.53 billion bushels, up 15 percent from March 1, 2015. Soybean stocks stored on farms are estimated at 728 million bushels, up 19 percent from a year ago. Off-farm stocks, at 803 million bushels, are up 12 percent from last March. Indicated disappearance for the December 2015 - February 2016 quarter totaled 1.18 billion bushels, down 1 percent from the same period a year earlier.

All wheat stored in all positions on March 1, 2016 totaled 1.37 billion bushels, up 20 percent from a year ago. On-farm stocks are estimated at 320 million bushels, up 15 percent from last March. Off-farm stocks, at 1.05 billion bushels, are up 22 percent from a year ago. The December 2015 - February 2016 indicated disappearance is 375 million bushels, 4 percent below the same period a year earlier.

Durum wheat stocks in all positions on March 1, 2016 totaled 41.5 million bushels, up 10 percent from a year ago. On-farm stocks, at 16.7 million bushels, are up 3 percent from March 1, 2015. Off-farm stocks totaled 24.8 million bushels, up 16 percent from a year ago. The December 2015 - February 2016 indicated disappearance of 18.8 million bushels is 194 percent above the same period a year earlier.

Barley stocks in all positions on March 1, 2016 totaled 137 million bushels, up 16 percent from March 1, 2015. On-farm stocks are estimated at 57.6 million bushels, 37 percent above a year ago. Off-farm stocks, at 79.5 million bushels, are 4 percent above March 2015. The December 2015 - February 2016 indicated disappearance totaled 43.4 million bushels, 15 percent above the same period a year earlier.

Oats stored in all positions on March 1, 2016 totaled 75.3 million bushels, 27 percent above the stocks on March 1, 2015. Of the total stocks on hand, 26.8 million bushels were stored on farms, up 29 percent from a year ago. Off-farm stocks totaled 48.5 million bushels, up 26 percent from the previous year. Indicated disappearance during December 2015 - February 2016 totaled 7.57 million bushels, slightly above the same period a year ago.

Grain sorghum stored in all positions on March 1, 2016 totaled 201 million bushels, up 68 percent from a year ago. On-farm stocks, at 24.8 million bushels, are up 175 percent from last March. Off-farm stocks, at 176 million bushels, are up 59 percent from a year earlier. The December 2015 - February 2016 indicated disappearance from all positions is 121 million bushels, 18 percent above the same period last year.

Sunflower stocks in all positions on March 1, 2016 totaled 1.06 billion pounds, 52 percent above March 1, 2015. All stocks stored on farms totaled 461 million pounds and off-farm stocks totaled 599 million pounds. Stocks of oil type sunflower seed are 768 million pounds; of this total, 325 million pounds are on-farm stocks and 443 million pounds are off-farm stocks. Non-oil sunflower stocks totaled 292 million pounds, with 136 million pounds stored on the farm and 156 million pounds stored off the farm.