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June 30, 2006

Corn Acreage Down, Soybean Acres Up from 2005

(COLUMBIA, MO) - "Missouri farmers got into the fields at the normal time this spring and planted their crops faster than normal in most areas," said Gene Danekas, Director, USDA-Missouri Agricultural Statistics. "Extended periods of dry weather helped farmers to plant as much acreage of each crop as they intended but more moisture is needed soon to permit normal crop growth."

Missouri corn plantings are indicated at 2.75 million acres, based on a survey of producers completed in early June. This is 11 percent less than last year and 7 percent below 2 years ago. Corn planting progressed ahead of normal for most of the season and was virtually completed about 2 weeks ahead of average. Corn acres for grain are forecast at 2.65 million, 11 percent less than 2006. As of June 25, most of the crop was in fair to good condition with 28 percent silked.

Soybean planted acres in Missouri are indicated at 5.2 million, 4 percent above 2005. Harvested acres are expected to total 5.15 million, also 4 percent above last year. Soybean planting also progressed well ahead of normal during May and June with nearly all acres planted as of June 25, except for some double-crop beans following wheat.

Missouri winter wheat producers are expected to harvest 870,000 of the 1 million acres planted last fall. If realized, the harvested acreage would be up 61 percent from last year’s low level but 6 percent below 2004. As of June 25, the wheat harvest was 83 percent complete, 6 days ahead of average over the State and already complete in the southeastern counties. Planted acres of sorghum in the state are estimated at 130,000, a 4 percent decline from last year, and the lowest since 1952. Sorghum to be harvested for grain is forecast at 125,000 acres, also 4 percent less than in 2005.

Cotton planted acres in the State are estimated at 485,000, up 10 percent from last year's level. Forty-seven percent of the cotton was squaring as of June 25, similar to normal. Planted area of rice this year is estimated at 216,000 acres, unchanged from last year but 10 percent above 2004. Potatoes planted in Missouri are estimated at 7,000 acres, up from 6,500 acres last year.

Seeded acres of oats in Missouri are estimated at 40,000, up 14 percent from 2005. Oat acres to be harvested for grain are indicated at 24,000, up 20 percent from last year. Tobacco farmers set 1,600 acres of tobacco, up from 1,350 acres last year. Total area of all hay to be harvested in Missouri this year is estimated at 3.95 million acres, 1 percent below the 2005 hay acreage.

United States Crops

The 2006 corn planted area for all purposes in the United States is estimated at 79.4 million acres, down 3 percent from 2005 and 2 percent below 2004. Growers expect to harvest 72.1 million acres for grain, down 4 percent from 2005. Farmers responding to the survey indicated that 99 percent of the intended corn acreage had been planted at the time of the interview, compared with the average of 98 percent for the past 10 years. Planted acres decreased from last year across much of the U.S. as some growers switched to other less input intensive crops due to high fertilizer and fuel costs.

The 2006 U.S. soybean planted area is estimated at 74.9 million acres, up 4 percent from last year and the second largest on record. Area planted increased or was unchanged from last year in 20 of the 31 major soybean producing States. Area for harvest is forecast at 73.9 million acres, up 4 percent from 2005. Growers in the 11 major soybean producing States (Arkansas, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Ohio, and South Dakota) planted 61.5 million acres, down 3 percent from their March intentions but up 4 percent from 2005.

All U.S. wheat planted area in the U.S. is estimated at 57.9 million acres, up 1 percent from 2005. Harvested area is expected to total 47.1 million acres, down 6 percent from last year. The 2006 winter wheat planted area, at 41.4 million acres, is 2 percent above last year while harvested area, at 31.1 acres, shows an 8 percent decline from 2005 primarily due to drought conditions in the Great Plains.

U.S. sorghum acres in 2006 are estimated at 6.28 million acres, down 3 percent from 2005 and the lowest since records began in 1929. Area harvested for grain is forecast at 5.32 million acres, down 7 percent from last year. Sorghum acres planted decreased from last year in 8 States, but increased in 10 States.

The U.S. planted area for all cotton in 2006 is estimated at 15.3 million acres, up 7 percent from 2005. Upland cotton acreage totaled 14.9 million acres, up 7 percent from last year. By the end of May, 93 percent of the crop had been planted, 4 percentage points above last year and 6 points ahead of the 5-year average.

Area planted to rice in the U.S. in 2006 is estimated at 2.91 million acres, 14 percent below last year’s planted acreage. Area for harvest is estimated at 2.90 million acres, also 14 percent below last year’s area harvested. All rice-producing States except Missouri planted fewer acres than last year.

Missouri Soybean Stocks Up from Last Year, Corn Stocks Down

Missouri soybean stocks in all positions on June 1, 2006 totaled 50.3 million bushels, 30 percent more than stored a year earlier. On-farm stocks totaled 30.5 million bushels, while 19.8 million bushels were held in commercial facilities.

Total corn in all positions in the State on June 1 amounted to 90.8 million bushels, 23 percent less than the amount stored a year earlier. On-farm stocks accounted for 56 million bushels, while off-farm corn totaled 34.8 million bushels.

June 1, 2006 stocks of old-crop wheat in Missouri totaled 10.9 million bushels, 3 percent more than a year earlier. There were 400,000 bushels on farms and 10.5 million bushels were held off-farm.

Sorghum stocks in Missouri on June 1 totaled 889,000 bushels, 68 percent below a year ago. On-farm sorghum accounted for 350,000 bushels, while 539,000 were in commercial facilities.

United States Soybean Stocks Up 42 Percent from June 2005

Corn stocks in the United States in all positions on June 1, 2006 totaled 4.36 billion bushels, up 1 percent from June 1, 2005. Of the total stocks, 2.35 billion bushels are stored on farms, down 5 percent from a year earlier. Off-farm stocks, at 2.01 billion bushels, are up 8 percent from a year ago. The March - May 2006 indicated disappearance is 2.62 billion bushels, compared with 2.44 billion bushels during the same period last year.

Soybeans stored in all in the U.S. positions on June 1, 2006 totaled 990 million bushels, up 42 percent from June 1, 2005. This is the largest June 1 stocks level on record, exceeding the previous record set in 1986 by 17 percent. On-farm stocks totaled 496 million bushels, up 39 percent from a year ago. Off-farm stocks, at 495 million bushels, are up 44 percent from the previous year. Indicated disappearance for the March - May 2006 quarter totaled 679 million bushels, down slightly from the same period a year earlier.

All wheat stored in the U.S. in all positions on June 1, 2006 totaled 568 million bushels, up 5 percent from a year ago. On-farm stocks are estimated at 111 million bushels, down 31 percent from last year. Off-farm stocks, at 457 million bushels, are up 21 percent from a year ago. The March - May 2006 indicated disappearance is 404 million bushels, down 9 percent from the same period a year earlier.

Grain sorghum stored in all positions in the U.S. on June 1, 2006 totaled 107 million bushels, down 5 percent from a year ago. On-farm stocks, at 12.7 million bushels, are down 21 percent from last year. Off-farm stocks, at 94.7 million bushels, are down 3 percent from June 1, 2005. The March - May 2006 indicated disappearance from all positions is 85.8 million bushels, down 5 percent from the same period last year.

Oats stored in all positions in the U.S. on June 1, 2006 totaled 52.6 million bushels, 9 percent below the stocks on June 1, 2005. Of the total stocks on hand, 25.2 million bushels are stored on farms, 1 percent were than a year ago. Off-farm stocks totaled 27.4 million bushels, 16 percent below the previous year.