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March 31, 2006

March Acreage Intentions for 2006

Missouri farmers reported their initial plans for the upcoming growing season in a survey conducted by the Missouri Agricultural Statistics Service. “Following a winter of speculation that high energy and fertilizer costs would direct producers to decrease corn acres and increase soybeans, farmers have reported their intentions are following these trends” said Gene Danekas, Director, Missouri Agricultural Statistics. “Cotton acres are increasing significantly in Missouri, while winter wheat acreage is returning to pre-2005 levels.” Nationally, corn acreage is expected to be down 5 percent from last year while a 7 percent increase is indicated for soybeans.

  • Soybean planted acres in Missouri in 2006 are expected to total 5.3 million, up 6 percent from the level of the past 3 years.
  • Missouri farmers intend to plant 2.75 million acres of corn in 2006, down 11 percent from last year and 7 percent less than in 2004.
  • Sorghum is expected to be planted on 130,000 acres in Missouri, down 4 percent from 2005 and 13 percent below the level of 2 years ago.
  • Winter Wheat plantings in Missouri are estimated at 1 million acres, 69 percent above the low level of last year’s crop but unchanged from the December forecast.
  • Cotton producers in Missouri intend to plant 475,000 acres of cotton this year, 8 percent above last year and 25 percent more than in 2004.
  • Rice is expected to be planted on 211,000 acres in Missouri this year, down 2 percent from 2005 but 8 percent more than in 2004.
  • Missouri tobacco acres are projected at 1,400, unchanged from 2005 but 3 percent below 2 years ago.
  • Hay is expected to be harvested from 4 million acres in Missouri, unchanged from last year but 8 percent below the record high level of 2004.

United States Intended Plantings

United States soybean producers intend to plant 76.9 million acres in 2006, up 7 percent from last year. If realized, this will be the largest planted area on record. Acreage increases are expected in all growing areas, except in the central and southern Atlantic Coast States and the southern Great Plains. The largest acreage increase is in North Dakota, where record high soybean yields last year and high input costs have some farmers shifting acreage from other crops to soybeans. Large increases in soybean acreage are also expected across the Corn Belt.

Corn growers in the U.S. intend to plant 78.0 million acres of corn for all purposes in 2006, down 5 percent from 2005 and 4 percent below 2004. If realized, this will be the lowest corn acreage since 2001 when 75.7 million acres were planted for all purposes. Expected acreage is down from last year in most States as producers intend to switch to other less input intensive crops due to high fertilizer and fuel costs. Dry conditions also contributed to lower corn planting intentions in the southern Great Plains.

All cotton plantings in the U.S. for 2006 are expected to total 14.6 million acres, 3 percent above last year. Upland acreage is expected to total 14.3 million, also up 3 percent. Growers intend to increase acreage in all the cotton producing States except Alabama and South Carolina, where expected acreage is down slightly from 2005. American-Pima cotton growers intend to increase their plantings 24 percent from 2005, to a record high 334,000 acres. California producers expect to plant 290,000 acres, up 26 percent from last year.

All wheat planted area in the U.S. is expected to total 57.1 million acres, down slightly from 2005. If realized, this will be the lowest all wheat acreage since 1972. Winter wheat planted area for the 2006 crop is 41.4 million acres, up 2 percent from last year. Of the total, about 29.8 million acres are Hard Red Winter, 7.42 million acres are Soft Red Winter, and 4.22 million acres are White Winter. The 2006 other spring wheat planted acreage is expected to total 13.9 million, down 1 percent from 2005. Of the total, about 13.2 million acres are Hard Red Spring wheat. Intended Durum wheat planted area is 1.83 million acres, down 34 percent from the previous year

The 2006 sorghum area intended to be planted for all purposes in the U.S. is estimated at 6.48 million acres, up fractionally from 2005. Sorghum acres are expected to increase from last year in 8 States, but decrease in 9 States. The largest increase is expected in Colorado, where growers intend to plant 70,000 acres more than the previous year. Kansas continues to have the largest area of sorghum planted at 2.80 million acres, up 2 percent from last year.

Area intended for rice in the U.S. in 2006 is estimated at 2.97 million acres, down 12 percent from 2005 and down 11 percent from 2004. Growers in California intend to plant 550,000 acres, up 4 percent from last year. All other rice-producing States expect a decrease in acreage from 2005.

U.S. all tobacco area for harvest in 2006 is expected to be 306,630 acres, up 3 percent from the record low of 298,020 acres set in 2005 but down 25 percent from 2004. Tobacco acreage has fallen considerably below levels prior to the elimination of the tobacco quota program and price supports.

U.S. hay producers expect to harvest 61.5 million acres of all hay in 2006, down fractionally from 2005. With the exception of Oklahoma, harvested acres are expected to decline or remain unchanged from last year throughout the Great Plains and adjacent areas of the Corn Belt.

March 1, 2006 Grain Stocks

Soybean stocks in all positions in Missouri on March 1, 2006 totaled 83.8 million bushels, up 6 percent from a year earlier and a record high for this date. Stocks on farms accounted for 52 million bushels, 2 percent above a year ago, while beans in commercial facilities in the State totaled 31.8 million bushels, up 15 percent from March 1, 2005.

Missouri corn stocks on March 1 totaled 166 million bushels, 14 percent below a year ago but the second highest for this date since 1988. On-farm stocks at 105 million bushels were down 19 percent from March 1, 2005, while off-farm stocks declined 4 percent to 61.5 million.

March 1 wheat stocks in Missouri amounted to 17.1 million bushels, 8 percent above a year ago. Wheat on farms totaled 750,000 bushels, 25 percent more than last year on this date, while commercial facilities held 16.3 million bushels, 8 percent more than a year earlier.

Sorghum stocks in the State on March 1 totaled 4.06 million bushels, 29 percent below a year earlier. Of the total, sorghum on farms accounted for 2.3 million bushels and off-farm facilities held 1.76 million bushels.

Missouri rough rice stocks in all positions on March 1 totaled 5.32 million cwt, 22 percent above a year earlier.

United States soybeans stored in all positions on March 1, 2006 totaled 1.67 billion bushels, up 21 percent from March 1, 2005. This is the largest March 1 stocks level on record, exceeding the previous record set in 1999 by 1 percent. Soybean stocks stored on farms are estimated at a record high 872 million bushels, up 10 percent from a year ago. Off-farm stocks, at 797 million bushels, are up 36 percent from last March and are also at a record high level. Indicated disappearance for the December 2005 - February 2006 quarter totaled 834 million bushels, down 10 percent from the same period a year earlier.

Corn stocks in the U.S. in stocks in all positions on March 1, 2006 totaled 6.99 billion bushels, up 3 percent from March 1, 2005. Of the total stocks, 4.06 billion bushels are stored on farms, down 2 percent from a year earlier. Off-farm stocks, at 2.93 billion bushels, are up 12 percent from a year ago. The December 2005 - February 2006 indicated disappearance is 2.83 billion bushels, compared with 2.70 billion bushels during the same period last year.

All wheat stored in all positions in the U.S. on March 1, 2006 totaled 972 million bushels, down 1 percent from a year ago. On-farm stocks are estimated at 256 million bushels, down 16 percent from last March. Off-farm stocks, at 716 million bushels, are up 5 percent from a year ago. The December 2005 - February 2006 indicated disappearance is 457 million bushels, up 3 percent from the same period a year earlier.

Grain sorghum stored in all positions in the U.S. on March 1, 2006 totaled 193 million bushels, down 5 percent from a year ago. On-farm stocks, at 25.9 million bushels, are down 22 percent from last March. Off-farm stocks, at 167 million bushels, are down 2 percent from a year earlier. The December 2005 - February 2006 indicated disappearance from all positions is 97.5 million bushels, up 24 percent from the same period last year.

Rough rice stocks in all positions in the U.S. on March 1, 2006, totaled 111 million hundredweight (cwt), down 6 percent from the total on March 1, 2005. Stocks held on farms totaled 30.9 million cwt, and off-farm stocks totaled 80.4 million cwt. Long grain varieties accounted for 77 percent of the total rough rice, medium grain accounted for 21 percent, and short grain varieties accounted for 2 percent.