Friday June 29 USDA Reports - Acreage and Grain Stocks

 2024 NEBRASKA ACREAGE

Nebraska producers planted 10.1 million acres of corn for all purposes, according to the USDA's National Agricultural Statistics Service. This is up 2% from last year. Of the total acres, 96% were planted with biotechnology varieties, up 2 percentage points from 2023. Area to be harvested for grain is estimated at 9.70 million acres, up 2% from a year ago.

Soybean planted acreage is estimated at 5.30 million acres, up 1% from last year. Of these, 95% were planted with genetically modified, herbicide resistant seed, up 2 percentage points from 2023. Producers expect to harvest 5.25 million acres, up 1% from a year ago.

Winter wheat planted in the fall of 2023 is estimated at 1.00 million acres, down 12% from last year. Harvested area is expected to total 900,000 acres, up 2% from a year ago.

Alfalfa acreage to be harvested for dry hay is estimated at 930,000 acres, up 9% from last year. Other hay acreage to be cut for dry hay is estimated at 1.64 million acres, up 14% from a year ago.

Sorghum planted for all purposes is estimated at 340,000 acres, unchanged from the previous year. Area to be harvested for grain is estimated at 270,000 acres, up 20% from last year.

Oats planted for all purposes is estimated at 150,000 acres, down 3% from last year. Area to be harvested for grain is estimated at 32,000 acres up 33% from last year.

Dry edible bean planted acreage is estimated at 105,000 acres, up 5% from last year. Harvested acres are estimated at 98,000 acres, up 7% from the previous year.

Proso millet planted, at 145,000 acres is down 6% from a year ago.

Sugarbeet planted acres, at 47,000 acres, are up 1% from last year. Harvested area is forecast at 46,000 acres, down 1% from a year ago.

Oil sunflower planted area is estimated at 30,000 acres, down 3% from last year. Harvested area is estimated at 28,000 acres, down 7% from a year ago. Non-oil sunflower planted area is estimated at 5,000 acres, down 41% from the previous year. Harvested area is estimated at 5,000 acres, down 33% from the previous year.

Dry edible pea planted acres are estimated at 27,000 acres, up 29% from last year. Harvested acres are estimated at 24,000 acres, up 26% from the previous year.

Potato planted acreage is estimated at 21,000 acres, down 5% from last year. Harvested acreage is forecasted at 20,900 acres, down 5% from a year ago.

The estimates of planted and harvested acreages in this news release are based primarily on surveys conducted during the first two weeks of June.



IOWA ACREAGE REPORT

Corn planted in 2024 for all purposes by Iowa producers is estimated at 13.1 million acres according to the USDA, National Agricultural Statistics Service – Acreage report. This is unchanged from 2023 but 300,000 acres above the March intentions. Harvested acres for grain is forecast at 12.6 million acres. Producers reported planting biotechnology varieties on 95 percent of their 2024 corn acres. The percent of corn acreage planted to insect resistant (Bt) varieties is estimated at 4 percent, herbicide resistant only varieties were planted on 7 percent of the acres, and stacked gene varieties were planted on 84 percent of the acres.

Soybean planted acreage is estimated at 9.90 million acres, down 50,000 acres from the acres planted in 2023 and down 300,000 acres from the March intentions. An expected 9.82 million acres of soybeans will be harvested. Producers reported using herbicide resistant varieties to plant 98 percent of their 2024 soybean acres.

Oats planted acreage is estimated at 210,000 acres, up 20,000 acres from last year and up 65,000 acres from the March intentions. Harvested acres for grain is forecast at 120,000 acres.

Total dry hay expected to be harvested for 2024 is estimated at 1.04 million acres, up 30,000 acres from last year and up 40,000 acres from the March intentions. Alfalfa harvested acreage is estimated at 720,000 acres and other hay harvested acreage is estimated at 320,000 acres.



USDA Acreage Report

Corn planted area for all purposes in 2024 is estimated at 91.5 million acres, down 3 percent or 3.17 million acres from last year. This represents the eighth highest planted acreage in the United States since 1944. Compared with last year, planted acreage is expected to be down or unchanged in 31 of the 48 estimating States. Area harvested for grain, at 83.4 million acres, is down 4 percent from last year.

Soybean planted area for 2024 is estimated at 86.1 million acres, up 3 percent from last year. Compared with last year, planted acreage is up or unchanged in 24 of the 29 estimating States.

All wheat planted area for 2024 is estimated at 47.2 million acres, down 5 percent from 2023. The 2024 winter wheat planted area, at 33.8 million acres, is down 8 percent from last year and down 1 percent from the previous estimate. Of this total, about 24.1 million acres are Hard Red Winter, 6.14 million acres are Soft Red Winter, and 3.59 million acres are White Winter. Area expected to be planted to other spring wheat for 2024 is estimated at 11.3 million acres, up 1 percent from 2023 estimate. Of this total, about 10.6 million acres are Hard Red Spring wheat. Durum planted area for 2024 is expected to total 2.17 million acres, up 29 percent from the previous year.

All cotton planted area for 2024 is estimated at 11.7 million acres, up 14 percent from last year. Upland area is estimated at 11.5 million acres, up 14 percent from 2023. American Pima area is estimated at 182,000 acres, up 24 percent from 2023.



NEBRASKA JUNE 1, 2024 GRAIN STOCKS

Nebraska corn stocks in all positions on June 1, 2024 totaled 433 million bushels, up 5% from 2023, according to the USDA's National Agricultural Statistics Service. Of the total, 250 million bushels are stored on farms, up 9% from a year ago. Off-farm stocks, at 183 million bushels, are up 1% from last year.

Soybeans stored in all positions totaled 62.6 million bushels, up 13% from last year. On-farm stocks of 18.5 million bushels are unchanged from a year ago, but off-farm stocks, at 44.1 million bushels, are up 20% from 2023.

Wheat stored in all positions totaled 12.2 million bushels, up 42% from a year ago. On-farm stocks of 800,000 bushels are up 67% from 2023, and off-farm stocks of 11.4 million bushels are up 40% from last year.

Sorghum stored in all positions totaled 1.73 million bushels, up 3% from 2023. On-farm stocks of 280,000 bushels are up 124% from a year ago, but off-farm holdings of 1.45 million bushels are down 7% from last year.

On-farm oat stocks totaled 130,000 bushels, down 28% from 2023.

Off-farm barley stocks totaled 70,000 bushels.



IOWA GRAIN STOCKS

Corn stored in all positions in Iowa on June 1, 2024, totaled 880 million bushels, up 12 percent from June 1, 2023, according to the latest USDA, National Agricultural Statistics Service – Grain Stocks report. Of the total stocks, 65 percent were stored on-farm. The March-May 2024 indicated disappearance totaled 538 million bushels, 2 percent above the 530 million bushels from the same quarter the previous year.

Soybeans stored in all positions in Iowa on June 1, 2024, totaled 175 million bushels, up 22 percent from June 1, 2023. Of the total stocks, 47 percent were stored on-farm. Indicated disappearance for March-May 2024 was 138 million bushels, 13 percent below the 159 million bushels from the same quarter the previous year.



USDA June 1 Grain Stocks

Corn stocks in all positions on June 1, 2024 totaled 4.99 billion bushels, up 22 percent from June 1, 2023. Of the total stocks, 3.03 billion bushels are stored on farms, up 37 percent from a year earlier. Off-farm stocks, at 1.97 billion bushels, are up 4 percent from a year ago. The March - May 2024 indicated disappearance is 3.36 billion bushels, compared with 3.29 billion bushels during the same period last year.

Soybeans stored in all positions on June 1, 2024 totaled 970 million bushels, up 22 percent from June 1, 2023. On-farm stocks totaled 466 million bushels, up 44 percent from a year ago. Off-farm stocks, at 504 million bushels, are up 6 percent from a year ago. Indicated disappearance for the March - May 2024 quarter totaled 875 million bushels, down 2 percent from the same period a year earlier.

Old crop all wheat stored in all positions on June 1, 2024 totaled 702 million bushels, up 23 percent from a year ago. On-farm stocks are estimated at 139 million bushels, up 12 percent from last year. Off-farm stocks, at 563 million bushels, are up 27 percent from a year ago. The March - May 2024 indicated disappearance is 387 million bushels, up 4 percent from the same period a year earlier.

Old crop Durum wheat stocks in all positions on June 1, 2024 totaled 21.1 million bushels, down 24 percent from a year ago. On-farm stocks, at 9.99 million bushels, are down 22 percent from June 1, 2023. Off-farm stocks totaled 11.1 million bushels, down 26 percent from a year ago. The March - May 2024 indicated disappearance of 15.3 million bushels is up 90 percent from the same period a year earlier.

Old crop barley stocks in all positions on June 1, 2024 totaled 77.9 million bushels, up 18 percent from June 1, 2023. On-farm stocks are estimated at 28.9 million bushels, 51 percent above a year ago. Off-farm stocks, at 49.1 million bushels, are 5 percent above June 1, 2023. The March - May 2024 indicated disappearance is 33.7 million bushels, 47 percent above the same period a year earlier.

Old crop oats stored in all positions on June 1, 2024 totaled 36.3 million bushels, 4 percent above the stocks on June 1, 2023. Of the total stocks on hand, 11.7 million bushels are stored on farms, 15 percent below a year ago. Off-farm stocks totaled 24.6 million bushels, 17 percent above the previous year. Indicated disappearance during March - May 2024 totaled 15.2 million bushels, 87 percent above the same period a year ago.

Grain sorghum stored in all positions on June 1, 2024 totaled 49.8 million bushels, down 6 percent from a year ago. On-farm stocks, at 5.23 million bushels, are down 18 percent from last year. Off-farm stocks, at 44.5 million bushels, are down 4 percent from June 1, 2023. The March - May 2024 indicated disappearance from all positions is 56.0 million bushels, up less than 1 percent from the same period last year.