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September 30, 2008

Missouri Corn, Wheat Stocks Up From Year Ago, Soybeans Down Sharply

COLUMBIA, MO - Missouri old crop soybean stocks in all positions on September 1, 2008 totaled 9.37 million bushels, 52 percent below last year’s third quarter inventory. On-farm stocks in the state totaled 3.30 million bushels, while 6.07 million bushels were in off-farm positions. Missouri 2007 soybean production is revised to 175.1 million bushels, up 6.8 million bushels from the previous estimate. Planted area in Missouri is revised up 100,000 acres to 4.7 million acres. Missouri harvested area is revised up 120,000 acres to 4.67 million acres. The 2007 yield, at 37.5 bushels per acre in Missouri, is up 0.5 bushel from the previous estimate.

Inventory of old crop corn in all positions in Missouri on September 1, 2008 totaled 33.9 million bushels, an increase of 14 percent from the level of a year earlier. On-farm stocks accounted for 13.0 million bushels, while off-farm positions totaled 20.9 million bushels.

September 1, 2008 wheat stocks in Missouri totaled 40.0 million bushels, up 34 percent from the third quarter of last year. There were 10.0 million bushels on farms, the highest level since 1998. Off-farm stocks totaled 30.0 million bushels.

Old crop sorghum stocks in Missouri on September 1, 2008 totaled 1,076,000 bushels, 84 percent above last year. Sorghum on farms accounted for 550,000 bushels, while 526,000 bushels were off-farm.

United States Corn Stocks Up 25 Percent from September 2007

Old crop U. S. corn stocks in all positions on September 1, 2008 totaled 1.62 billion bushels, up 25 percent from September 1, 2007. Of the total stocks, 500 million bushels are stored on farms, up 9 percent from a year earlier. Off-farm stocks, at 1.12 billion bushels, are up 33 percent from a year ago. The June - August 2008 indicated disappearance is 2.40 billion bushels, compared with 2.23 billion bushels during the same period last year.

Old crop U.S. soybeans stored in all positions on September 1, 2008 totaled 205 million bushels, down 64 percent from September 1, 2007. Soybean stocks stored on farms totaled 47.0 million bushels, down 67 percent from a year ago. Off-farm stocks, at 158 million bushels, are down 63 percent from last September. Indicated disappearance for June - August 2008 totaled 471 million bushels, down 9 percent from the same period a year earlier. Based on an analysis of end-of-marketing year stock estimates, disappearance data for exports and crushings, and farm program administrative data, the 2007 U. S. soybean production is revised to 2.68 billion bushels, up 90.6 million bushels from the previous estimate. U. S. planted area is revised up 1.11 million acres to 64.7 million acres. Harvested area in the U. S. is revised up 1.32 million acres to 64.1 million acres. The 2007 U. S. yield, at 41.7 bushels per acre, is up 0.5 bushel from the previous estimate.

All wheat stored in all positions in the U. S. on September 1, 2008 totaled 1.86 billion bushels, up 8 percent from a year ago. On-farm stocks are estimated at 635 million bushels, up 28 percent from last September. Off-farm stocks, at 1.22 billion bushels, are down slightly from a year ago. The June - August 2008 indicated disappearance is 949 million bushels, up 18 percent from the same period a year earlier.

Old crop grain sorghum stored in all positions in the U. S. on September 1, 2008 totaled 52.8 million bushels, up 65 percent from a year ago. On-farm stocks, at 3.55 million bushels, are up 65 percent from last year. Off-farm stocks, at 49.2 million bushels, are up 65 percent from September 1, 2007. The June - August 2008 indicated disappearance from all positions is 48.3 million bushels, up 13 percent from the same period a year ago.

Missouri Wheat Production Up 47 Percent From Last Year

Missouri produced 55.7 million bushels of winter wheat in 2008, up 47% percent from last year’s production but 320,000 bushels below the August 1 forecast. Farmers planted 1.25 million acres, of which 1.16 million were harvested for grain, 40,000 more than previously forecast. Yield of 48 bushels per acre is 5 bushels above last year but 2 bushels below the August 1 projection.

Missouri oat production in 2008 totaled 330,000 bushels, 18 percent smaller than the 2007 crop. There were 15,000 planted acres, of which 6,000 were harvested for grain. Production, planted acreage, and harvested acreage were all the lowest on record. The state oat yield averaged 55 bushels per acre, 5 bushels above the 2007 average.

United States Wheat Production Up 21 Percent From Year Earlier

All wheat production in the U. S. totals 2.50 billion bushels in 2008, up 2 percent from the August forecast and up 21 percent from 2007. Grain area is 55.7 million acres, up 9 percent from last year. The U.S. yield is 44.9 bushels per acre, up 1.4 bushels from the last forecast and up 4.4 bushels from last year. The levels of production and changes from last year by type are: winter wheat, 1.87 billion bushels, up 23 percent; other spring wheat, 547 million bushels, up 14 percent; Durum wheat, 84.9 million bushels, up 18 percent.

U. S. oat production is estimated at a record low 88.6 million bushels, 1 percent below the August 1 forecast and down 3 percent from last year. The estimated yield is 63.5 bushels per acre, up 1.2 bushels from the last forecast and up 2.6 bushels from the previous year. Compared with last year, yields increased in the central and southern Great Plains, Pacific Northwest, and most States in the eastern half of the country. Harvested area, at 1.40 million acres, is 3 percent and 7 percent below August and last year, respectively. This is the smallest acreage harvested for grain on record, continuing a steady downward trend.

Missouri Wheat Production and Yield
By District
Area Acres Planted Acres Harvested Yield Production
2007 20081/ 2007 20081/ 2007 20081/ 2007 20081/
  -thousands- -thousands- -bu/acre- -thousand bu.-
NW 65 64 50 56 40.0 39 2,000 2,190
NC 95 93 83 85 51.1 44 4,240 3,710
NE 133 155 124 144 57.0 51 7,070 7,300
WC 150 153 125 147 38.0 44 4,750 6,540
C 134 134 111 126 45.5 47 5,050 5,880
EC 77 97 66 86 44.1 42 2,910 3,640
SW 130 121 104 117 28.7 43 2,980 5,030
SC 11 14 7 7 30.0 40 210 280
SE 255 419 210 392 41.1 54 8,630 21,110
STATE 1,050 1,250 880 1,160 43.0 48 37,840 55,680
1/ September 1 Forecast