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June 29, 2007

Corn Acreage Up Substantially from 2006, Soybean Acres Down

(COLUMBIA, MO) - "In spite of a hard freeze during early April and significant flooding in some northern areas in early May, farmers slightly exceeded their already large corn planting intentions, with the extra corn acres coming out of soybeans," said Gene Danekas, Director, USDA-Missouri Agricultural Statistics. "Dry weather during the second half of May allowed for rapid planting progress, after which most of the state received adequate moisture for germination and early growth. The state also looks for a rebound in hay production to rebuild extremely short hay stocks."

Missouri corn plantings are indicated at 3.50 million acres, 30 percent above last year and the highest level since 1960. Corn planting was behind normal through mid-May but dry weather the remainder of the month allowed producers to catch up and finish near the usual time. Corn acres for grain are forecast at 3.38 million, up 29 percent from 2006. As of June 24, 63 percent of the crop was in good to excellent condition with 22 percent silked.

Soybean planted acreage in Missouri is indicated at 4.50 million, 13 percent below 2006 and the lowest level since 1996. Soybean planting progressed near the normal pace during May and June, reaching 94 percent planted as of June 24. Remaining acres to be planted were mostly in water-logged west-central and southwestern areas, as well as a few areas waiting to put soybeans in behind wheat. Harvested acres are expected to total 4.45 million, also 13 percent below last year.

Missouri winter wheat producers are expected to harvest 850,000 of the 1.05 million acres planted last fall. If realized, the harvested acreage would be down 7 percent from last year but 57 percent above 2005. As of June 24, the wheat harvest was 52 percent complete, slightly behind average over the state but nearly complete in the southeastern counties. Seeded acres of oats in the state are estimated at 25,000, down 38 percent from last year. Oat acres to be harvested for grain are indicated at 15,000.

Cotton planted acres in the state are estimated at 400,000, down 100,000 acres, or 20 percent, from last year's level. Sixty-two percent of the cotton was squaring as of June 24, 1 week ahead of normal. Planted area of rice this year is estimated at 206,000 acres, 5 percent below 2006.

Planted acres of sorghum in Missouri are estimated at 100,000, tied with last year as the lowest since 1951. Sorghum to be harvested for grain is forecast at 95,000 acres, the same as last year. Potatoes planted in Missouri are estimated at 7,500 acres, down from 7,800 acres last year. Tobacco farmers set 1,700 acres of tobacco, up 200 acres from last year. Total area of all hay to be harvested in Missouri this year is estimated at 4.20 million acres, with 3.80 million acres of other hay and 400,000 of alfalfa. Total hay acreage is up 1 percent from last year.

United States Crops

The 2007 corn planted area in the United States for all purposes is estimated at 92.9 million acres, up 19 percent from 2006 and 14 percent higher than 2005. This is the highest planted area since 1944, when 95.5 million acres were planted for all purposes. Growers expect to harvest 85.4 million acres for grain, up 21 percent from 2006 to the highest level since 1933.

The 2007 U.S. soybean planted area is estimated at 64.1 million acres, down 15 percent from last year's record high. Area for harvest is forecast at 63.3 million acres, down 15 percent from 2006. The planted and harvested area are the lowest since 1995. Nationally, farmers reported that 88 percent of the intended soybean acreage had been planted at the time of the survey interview, compared with the average of 81 percent for the past 5 years.

All wheat planted area in the U.S. is estimated at 60.5 million acres, up 6 percent from 2006. The 2007 winter wheat planted area, at 45.1 million acres, is 11 percent above last year and up 1 percent from the previous estimate. Area harvested for grain is forecasted at 37.6 million acres, up 1 percent from the June forecast and up 21 percent from last year.

The 2007 all cotton planted area in the U.S. is estimated at 11.1 million acres, down 28 percent from last year. Upland cotton planted area totals 10.8 million acres, down 28 percent from 2006 and the lowest acreage since 1989.

The U.S. area planted to sorghum in 2007 is estimated at 7.77 million acres, up 19 percent from 2006. Area to be harvested for grain is forecast at 6.70 million acres, up 36 percent from last year.

Area planted to rice in 2007 in the U.S. is estimated at 2.74 million acres, down 3 percent from 2006. This is the lowest planted acreage since 1989. Area for harvest is estimated at 2.73 million acres, also 3 percent below last year's area harvested.

U.S. hay producers expect to harvest 61.8 million acres of all hay in 2007, up 2 percent from 2006. Expected harvested area of alfalfa and alfalfa mixtures, at 21.5 million acres, is up marginally from last year. Expected area for harvest of all other types of hay totals 40.3 million acres, up 2 percent from 2006.


Missouri Soybean, Corn Stocks Down from Last Year

Missouri soybean stocks in all positions on June 1, 2007 totaled 40.7 million bushels, 19 percent less than stored a year earlier. On-farm stocks totaled 22.5 million bushels, while 18.2 million bushels were held in commercial facilities.

Total corn in all positions in the state on June 1 amounted to 72.7 million bushels, 20 percent less than the amount stored a year earlier. On-farm stocks accounted for 45 million bushels, while off-farm corn totaled 27.7 million bushels.

June 1, 2007 stocks of old-crop wheat in Missouri totaled 12.9 million bushels, 18 percent more than a year earlier. There were 350,000 bushels on farms and 12.5 million bushels were held off-farm.

Sorghum stocks in Missouri on June 1 totaled 1.17 million bushels, 31 percent above a year ago. On-farm sorghum accounted for 480,000 bushels, while 685,000 were in commercial facilities.

United States Soybean Stocks Up from June 2006, Corn, Wheat Down

Soybeans stored in all positions in the United States on June 1, 2007 totaled 1.09 billion bushels, up 10 percent from June 1, 2006 and the largest June 1 stocks on record. On-farm stocks totaled 500 million bushels, up 1 percent from a year ago.

U.S. corn stocks in all positions on June 1, 2007 totaled 3.53 billion bushels, down 19 percent from June 1, 2006. Of the total stocks, 1.83 billion bushels are stored on farms, down 22 percent from a year earlier. Off-farm stocks, at 1.71 billion bushels, are down 15 percent from a year ago.

Grain sorghum stored in all positions in the U.S. on June 1, 2007 totaled 74.9 million bushels, down 35 percent from a year ago. On-farm stocks, at 5.38 million bushels, are down 57 percent from last year. Off-farm stocks, at 69.5 million bushels, are down 32 percent from June 1, 2006.

All wheat stored in the U.S. in all positions on June 1, 2007 totaled 456 million bushels, down 20 percent from a year ago. On-farm stocks are estimated at 73.2 million bushels, down 34 percent from last year. Off-farm stocks, at 383 million bushels, are down 17 percent from a year ago.

Oats stored in the U.S. in all positions on June 1, 2007 totaled 51.2 million bushels, 3 percent below the stocks on June 1, 2006. Of the total stocks on hand, 18.4 million bushels are stored on farms, 27 percent lower than a year ago. Off-farm stocks totaled 32.8 million bushels, 20 percent above the previous year.