March 31, 2008
Missouri Soybean Acres Up 13 Percent
(COLUMBIA, MO) - Missouri farmers reported their initial plans for the upcoming growing season in a survey conducted by the Missouri Agricultural Statistics Service. “Missouri farmers intend to increase soybean production by returning many of last year’s corn acres back to soybeans, double cropping more wheat acres and planting on land available from CRP contracts that expired last year. This is in response to sharply higher soybean and wheat prices. The costs associated with raising corn are also higher than for soybean,” said Gene Danekas, Director, Missouri Agricultural Statistics.
Soybean planted acres in Missouri in 2008 are expected to total 5.20 million acres, up 13 percent from last year and up 1 percent from 2006. This is would be the highest soybean acreage in the State since 1999.
Missouri farmers intend to plant 3.10 million acres of corn in 2008, down 10 percent from last year but 15 percent more than the 2006 level of 2.70 million acres.
Sorghum is expected to be planted on 90,000 acres in Missouri, down 18 percent from 2007 and 10 percent less than 2006. This is the record low since records began in 1929. The lowest level in the State prior to the current estimate was in 1951 when 99,000 acres were planted.
Winter Wheat plantings in Missouri are estimated at 1.20 million acres, up 14 percent from 2007 and unchanged from the December forecast. This would be the highest wheat acreage in the State since 1.35 million acres were planted in 1998.
Cotton producers in Missouri intend to plant 300,000 acres of cotton this year, 21 percent below last year and 40 percent less than 2006. This is the lowest level since 1990 when 248,000 acres were planted.
Rice is expected to be planted on 170,000 acres in Missouri this year, down 6 percent from last year and 21 percent below 2006.
Tobacco acres in Missouri are projected at 1,400 acres, down 200 acres from last year and 100 acres below 2006.
Hay is expected to be harvested from 4.00 million acres in Missouri, a decrease of 1 percent from last year and 3 percent below 2006.
United States Intended Plantings
Corn growers intend to plant 86.0 million acres of corn
for all purposes in 2008, down 8 percent from last year when corn planted
area was the highest since 1944. Expected acreage is down from last year
in most States as favorable prices for other crops, high input costs for
corn, and crop rotation considerations are motivating some farmers to
plant fewer acres to corn. Despite the decrease, corn acreage is expected
to remain at historically high levels as the corn price outlook remains
strong due in part to the continued expansion in ethanol production.
Soybean producers intend to plant 74.8 million acres in 2008, up 18 percent from last year, but 1 percent below the record high acreage in 2006. Acreage increases are expected in all States, except in West Virginia, which is unchanged from last year. The largest increases are expected in Iowa and Nebraska, up 1.25 million acres and 1.20 million acres from 2007, respectively. Increases of at least 800,000 acres are also expected in Indiana, Minnesota, and South Dakota. If realized, the planted acreage in Kansas, New York, and Pennsylvania will be the largest on record.
All wheat planted area is estimated at 63.8 million acres, up 6 percent from 2007. The 2008 winter wheat planted area, at 46.8 million acres, is 4 percent above last year and up slightly from the previous estimate. Of this total, about 32.5 million acres are Hard Red Winter, 10.7 million acres are Soft Red Winter, and 3.63 million acres are White Winter. Area planted to other spring wheat for 2008 is expected to total 14.3 million acres, up 8 percent from 2007. Of this total, about 13.6 million acres are Hard Red Spring wheat. The intended Durum planted area for 2008 is 2.63 million acres, up 22 percent from the previous year.
All cotton plantings for 2008 are expected to total 9.39 million acres, 13 percent below last year. Upland acreage is expected to total 9.19 million, down 13 percent from last year, the lowest since 1983. Growers intend to decrease planted area in all States except Georgia and Oklahoma. The largest acreage declines are in Arkansas, Mississippi, Tennessee, and Texas. American-Pima cotton growers intend to decrease their plantings by 30 percent from 2007, to 203,600 acres. California producers expect to plant 180,000 acres, down 31 percent from last year.
Missouri Grain Stocks
Soybean stocks in all positions in Missouri on March 1, 2008 totaled 56.9 million bushels, down 28 percent from a year earlier. Stocks on farms accounted for 27.0 million bushels, 45 percent below last year, while beans in commercial facilities in the state totaled 29.9 million bushels, nearly the same as March 1, 2007.
Missouri corn stocks on March 1 totaled 164 million bushels, 17 percent above last year. On-farm stocks stood at 95.0 million bushels, up 9 percent from March 1, 2007, while off-farm stocks increased 30 percent to 68.7 million bushels.
Missouri had 16.8 million bushels of wheat stocks on hand on March 1, a decrease of 17 percent from a year ago. Wheat on farms totaled 200,000 bushels, 78 percent less than last year at this time and the lowest since June 1, 1995, when there were also 200,000 on farms. Commercial facilities held 16.6 million bushels, 14 percent below a year earlier.
Sorghum stocks in Missouri on March 1 totaled 3.02 million bushels, up 17 percent above last year. Sorghum on farms accounted for 1.40 million bushels and off-farm facilities held 1.62 million bushels.
Missouri rough rice stocks in all positions on March 1 totaled 4.59 million cwt, 1 percent above one year earlier.
United States Crop Stocks
Corn stocks in all positions on March 1, 2008 totaled 6.86 billion bushels, up 13 percent from March 1, 2007. Of the total stocks, 3.78 billion bushels are stored on farms, up 14 percent from a year earlier. Off-farm stocks, at 3.08 billion bushels, are up 12 percent from a year ago. The December 2007 - February 2008 indicated disappearance is 3.42 billion bushels, compared with 2.86 billion bushels during the same period last year.
Soybeans stored in all positions on March 1, 2008 totaled 1.43 billion bushels, down 20 percent from March 1, 2007. Soybean stocks stored on farms are estimated at 593 million bushels, down 35 percent from a year ago. Off-farm stocks, at 835 million bushels, are down 5 percent from last March. Indicated disappearance for the December 2007 - February 2008 quarter totaled 904 million bushels, down 1 percent from the same period a year earlier.
All wheat stored in all positions on March 1, 2008 totaled 710 million bushels, down 17 percent from a year ago. On-farm stocks are estimated at 92.0 million bushels, down 52 percent from last March. Off-farm stocks, at 618 million bushels, are down 7 percent from a year ago. The December 2007 - February 2008 indicated disappearance is 422 million bushels, down 8 percent from the same period a year earlier.
Grain sorghum stored in all positions on March 1, 2008 totaled 186 million bushels, up 30 percent from a year ago. On-farm stocks, at 26.1 million bushels, are up 53 percent from last March. Off-farm stocks, at 159 million bushels, are up 27 percent from a year earlier. The December 2007 - February 2008 indicated disappearance from all positions is 106 million bushels, up 51 percent from the same period last year.
Rough rice stocks in all positions on March 1, 2008, totaled 104 million hundredweight (cwt), down less than 1 percent from the total on March 1, 2007. Stocks held on farms totaled 22.9 million cwt, and off-farm stocks totaled 81.2 million cwt. Long grain varieties accounted for 66 percent of the total rough rice, medium grain accounted for 31 percent, and short grain varieties accounted for 3 percent.
Milled rice stocks in all positions totaled 5.60 million cwt, up 23 percent from a year ago. Milled rice stocks were comprised of 4.35 million cwt of whole kernel rice and 1.25 million cwt of second heads, screenings, and brewers rice.