June 29 USDA Acreage and Stocks Report

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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.

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.

Read more at http://kneb.com/news/agricultural/index.php?more=hxaxiwkh
 
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