USDA Reports - Acreage & Grain Stocks - June 30, 2016

USDA Acreage Report - June 30, 2016
 
Corn Planted Acreage Up 7 Percent from 2015
Soybean Acreage Up 1 Percent
All Wheat Acreage Down 7 Percent
All Cotton Acreage Up 17 Percent

Corn planted area for all purposes in 2016 is estimated at 94.1 million acres, up 7 percent from last year. This represents the third highest planted acreage in the United States since 1944. Area harvested for grain, at 86.6 million acres, is up 7 percent from last year and represents the third highest area harvested for grain since 1933.

Soybean planted area for 2016 is estimated at a record high 83.7 million acres, up 1 percent from last year. Area for harvest, at 83.0 million acres, is also up 1 percent from 2015 and will be a record high if realized. Record high planted acreage is estimated in Michigan, Minnesota, New York, North Dakota, Ohio, Pennsylvania, and Wisconsin.

All wheat planted area for 2016 is estimated at 50.8 million acres, down 7 percent from 2015. The 2016 winter wheat planted area, at 36.5 million acres, is down 7 percent from last year but up 1 percent from the previous estimate. Of this total, about 26.5 million acres are Hard Red Winter, 6.58 million acres are Soft Red Winter, and 3.42 million acres are White Winter. Area planted to other spring wheat for 2016 is estimated at 12.1 million acres, down 8 percent from 2015. Of this total, about 11.4 million acres are Hard Red Spring wheat. Durum planted area for 2016 is estimated at 2.15 million acres, up 11 percent from the previous year.

All cotton planted area for 2016 is estimated at 10.0 million acres, 17 percent above last year. Upland area is estimated at 9.82 million acres, up 17 percent from 2015. American Pima area is estimated at 199,000 acres, up 26 percent from 2015.



USDA Quarterly Grain Stocks Report - June 30, 2016

Corn Stocks Up 6 Percent from June 2015
Soybean Stocks Up 39 Percent
All Wheat Stocks Up 30 Percent

Corn stocks in all positions on June 1, 2016 totaled 4.72 billion bushels, up 6 percent from June 1, 2015. Of the total stocks, 2.47 billion bushels are stored on farms, up 9 percent from a year earlier. Off-farm stocks, at 2.25 billion bushels, are up 3 percent from a year ago. The March - May 2016 indicated disappearance is 3.10 billion bushels, compared with 3.30 billion bushels during the same period last year.

Soybeans stored in all positions on June 1, 2016 totaled 870 million bushels, up 39 percent from June 1, 2015. On-farm stocks totaled 281 million bushels, up 14 percent from a year ago. Off-farm stocks, at 589 million bushels, are up 55 percent from a year ago. Indicated disappearance for the March - May 2016 quarter totaled 661 million bushels, down 5 percent from the same period a year earlier.

Old crop all wheat stored in all positions on June 1, 2016 totaled 981 million bushels, up 30 percent from a year ago. On-farm stocks are estimated at 197 million bushels, up 27 percent from last year. Off-farm stocks, at 784 million bushels, are up 31 percent from a year ago. The March - May 2016 indicated disappearance is 391 million bushels, up 1 percent from the same period a year earlier.

Grain sorghum stored in all positions on June 1, 2016 totaled 88.3 million bushels, up 157 percent from a year ago. On-farm stocks, at 9.70 million bushels, are up 228 percent from last year. Off-farm stocks, at 78.6 million bushels, are up 151 percent from June 1, 2015. The March - May 2016 indicated disappearance from all positions is 113 million bushels, up 32 percent from the same period last year.