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June 30,2008

Corn Acreage Down Substantially from 2007, Soybean Acres Above Year Earlier

COLUMBIA, MO - "A cool, wet spring limited fieldwork and crop progress," said Gene Danekas, Director, USDA-Missouri Agricultural Statistics. "Flooding along the Mississippi and Missouri rivers has reduced corn and soybean acreage to be harvested as producers expect to only harvest 86 percent of the corn acreage planted.”

Missouri corn plantings are indicated at 2.90 million acres, 16 percent below last year and 6 percent below what farmers intended to plant in March. Corn planting was behind normal throughout the planting season while flooding in some areas reduced the ground available for planting to corn. Corn acres for harvest for grain are forecast at 2.50 million, down 23 percent from 2007 and the lowest level since 1998. The 400,000 acres not expected to be harvested is the largest amount abandoned since 1980. As of June 22, 43 percent of the crop was in good to excellent condition with 85 percent emerged, a month behind normal.

Soybean planted and to be planted acreage in Missouri is indicated at 5.30 million, 15 percent above 2007. If realized, this would be the largest planted acreage since 1999 and 200,000 acres above farmer’s March intentions. Soybean planting was over 3 weeks behind the normal pace during May and June, reaching 66 percent planted as of June 22. Harvested acres are expected to total 5.00 million acres, 10 percent above last year but 2 percent below 2 years ago. Thirty–four percent of the crop was in good to excellent condition as of June 22.

Missouri winter wheat producers are expected to harvest 1.12 million acres of the 1.2 million acres planted last fall. If realized, the harvested acreage would be up 27 percent from last year and 23 percent above 2006. This would be the largest harvested acreage since 1998. As of June 22, the wheat harvest was 21 percent complete, 5 days behind average over the state but dry weather enabled rapid progress in the southeastern counties. Seeded acres of oats in Missouri are estimated at 15,000 acres, down 40 percent from last year. Oat acres to be harvested for grain are indicated at 4,000 acres, half of a year earlier. Oat planted and harvested acres are the lowest on record.

Total area of all hay to be harvested in Missouri this year is estimated at 4.15 million acres, with 3.75 million acres of other hay and 400,000 of alfalfa. Total hay acreage is up 2 percent from last year. Cotton planted acres in Missouri are estimated at 300,000, down 80,000 acres, or 21 percent, from last year's level and the lowest level since 1990. Sixteen percent of the cotton was squaring as of June 22, 9 days behind normal. Planted area of Missouri rice this year is estimated at 200,000 acres, 11 percent above 2007. Eighty-five percent of the rice crop was in good to excellent condition as of June 22, 2008.

Planted acres of sorghum in Missouri are estimated at 100,000, tied with 2006 as the lowest planted acreage since 1951. Sorghum to be harvested for grain is forecast at 95,000 acres, 10 percent below last year and the same as 2006. Potatoes planted in Missouri are estimated at 4,000 acres, down from 6,800 acres last year and the lowest level since 1972. Tobacco farmers set 1,450 acres of tobacco in 2008, down 150 acres from last year.

United States Crops

Corn planted area for all purposes in the United States is estimated at 87.3 million acres, down 7 percent from last year. Despite the decrease, corn planted acreage is the second highest since 1946, behind last year's total of 93.6 million acres. Growers expect to harvest 78.9 million acres for grain, down 9 percent from 2007. If realized, this would be the second highest since 1944, behind last year.

U. S. soybean planted area for 2008 is estimated at 74.5 million acres, up 17 percent from last year but 1 percent below the record high acreage in 2006. Area for harvest, at 72.1 million acres, is up 15 percent from 2007. Compared with last year, planted acreage increases are expected in all States, and the U.S. planted area for soybeans is the third largest on record.

All wheat planted area in the U. S. is estimated at 63.5 million acres, up 5 percent from 2007. The 2008 U. S. winter wheat planted area, at 46.6 million acres, is 4 percent above last year but down slightly from the previous estimate. Of this total, about 31.9 million acres are Hard Red Winter, 11.0 million acres are Soft Red Winter, and 3.7 million acres are White Winter. Area planted to other spring wheat for 2008 is estimated at 14.2 million acres, up 7 percent from 2007. Of this total, about 13.4 million acres are Hard Red Spring wheat. The Durum planted area for 2008 is 2.66 million acres, up 24 percent from the previous year.

All Cotton plantings for the U. S. for 2008 are estimated at 9.25 million acres, 15 percent below last year and the lowest since 1983. U. S. upland cotton planted area is estimated at 9.04 million acres, down 14 percent from 2007.

Missouri Soybean Stocks Down Substantially, Corn Up

Missouri soybean stocks in all positions on June 1, 2008 totaled 21.5 million bushels, 47 percent less than stored a year earlier. On-farm stocks totaled 9.50 million bushels, while 12.0 million bushels were held in commercial facilities.

Total corn on hand in Missouri on June 1 amounted to 92.7 million bushels, 28 percent more than the amount stored a year earlier. On-farm stocks accounted for 48.0 million bushels, while off-farm corn totaled 44.7 million bushels.

June 1 stocks of old-crop wheat in all positions in Missouri totaled 8.92 million bushels, down 31 percent from a year earlier.

Sorghum stocks in Missouri on June 1 totaled 1.82 million bushels, 56 percent above a year ago. On-farm sorghum accounted for 850,000 bushels, while 970,000 were in commercial facilities.

Missouri rough rice stocks in all positions on June 1 totaled 1.88 million cwt., 59 percent below the 4.59 million cwt. on hand March 1, 2008. This is the first June 1 rice stocks estimate.

United States

Soybeans stored in all positions in the United States on June 1, 2008 totaled 676 million bushels, down 38 percent from June 1, 2007. On-farm stocks totaled 227 million bushels, down 55 percent from a year ago. Off-farm stocks, at 449 million bushels, are down 24 percent from the previous year. Indicated disappearance for the March - May 2008 quarter totaled 758 million bushels, up 9 percent from the same period a year earlier.

U. S. corn stocks in all positions on June 1, 2008 totaled 4.03 billion bushels, up 14 percent from June 1, 2007. Of the total stocks, 1.97 billion bushels are stored on farms, up 8 percent from a year earlier. Off-farm stocks, at 2.06 billion bushels, are up 21 percent from a year ago. The March - May 2008 indicated disappearance is 2.83 billion bushels, compared with 2.53 billion bushels during the same period last year.

All wheat stored in the U. S. in all positions on June 1, 2008 totaled 306 million bushels, down 33 percent from a year ago. On-farm stocks are estimated at 25.6 million bushels, down 65 percent from last year. Off-farm stocks, at 280 million bushels, are down 27 percent from a year ago. The March - May 2008 indicated disappearance is 404 million bushels, up 1 percent from the same period a year earlier.

U. S. grain sorghum stored in all positions on June 1, 2008 totaled 96.8 million bushels, up 29 percent from a year ago. On-farm stocks, at 7.00 million bushels, are up 30 percent from last year. Off-farm stocks, at 89.8 million bushels, are up 29 percent from June 1, 2007. The March - May 2008 indicated disappearance from all positions is 89.1 million bushels, up 32 percent from the same period last year.t year. Off-farm stocks, at 383 million bushels, are down 17 percent from a year ago.

Rough rice stocks in all positions in the U. S. on June 1, 2008, totaled 53.4 million hundredweight (cwt). Stocks held on farms totaled 6.10 million cwt, and off-farm stocks totaled 47.3 million cwt. Long grain varieties accounted for 67 percent of the total rough rice, medium grain accounted for 30 percent, and short grain varieties accounted for 3 percent. U. S. milled rice stocks in all positions totaled 4.37 million cwt. Milled rice stocks were comprised of 2.94 million cwt of whole kernel rice and 1.43 million cwt of second heads, screenings, and brewers rice.