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March 31, 2009

Missouri Corn Acreage Up 9 Percent

(COLUMBIA, MO) – Missouri farmers reported their planting intentions for the upcoming growing season in a survey conducted by the Missouri Agricultural Statistics Service. “Missouri’s first look at producers’ intentions to plant crops for the 2009 season reveals more corn and fewer soybean acres than last year,” said Gene Danekas, Director, Missouri Agricultural Statistics. “Although no acreage was planted by March 1st, this report gives producers time to adjust their initial plans.”

Missouri farmers intend to plant 3.05 million acres of corn in 2009, up 9 percent from the 2.80 million acres planted for all purposes last year but 12 percent less than the 2007 level of 3.45 million acres.

Soybean planted acres in Missouri in 2009 are expected to total 5.05 million acres, 3 percent below last year’s 5.20 million acres but up 7 percent from 2007 when 4.70 million acres were planted.

Sorghum is expected to be planted on 85,000 acres in Missouri, down 6 percent from 2008 when 90,000 acres were planted and 23 percent less than the 110,000 acres planted in 2007. If realized, this would be record low acreage since records began in 1929. The lowest level in the State prior to the current estimate was last year.

Winter Wheat plantings in Missouri are estimated at 800,000 acres, down 36 percent from 2008 and unchanged from the December forecast. This would be the second lowest wheat acreage on record, above only 2005 when 590,000 acres were planted.

Cotton producers in Missouri intend to plant 300,000 acres of cotton this year, 2 percent below last year’s 306,000 planted acres and 21 percent less than 2007 when 380,000 acres were planted. This is the lowest level since 1990 when 248,000 acres were planted.

Rice is expected to be planted on 225,000 acres in Missouri this year, up 13 percent from last year’s 200,000 acres and 25 percent above 2007 when 180,000 acres were planted. If realized, this would be the largest planted acreage on record.

Hay is expected to be harvested from 4.10 million acres in Missouri, a decrease of 2 percent from last year when 4.20 million acres were cut but 1 percent above 2007 when 4.05 million acres were harvested.

United States Intended Plantings

Corn growers intend to plant 85.0 million acres of corn for all purposes in 2009, down 1 percent from last year as lower corn prices and unstable input costs are discouraging some growers from planting corn. If realized, this will be the second consecutive year-over-year decrease since 2007 but will still be the third largest acreage since 1949, behind 2007 and 2008

Soybean producers intend to plant 76.0 million acres in 2009, up slightly from last year. If realized, the U.S. planted area would be the largest on record. Acreage increases of 100,000 acres or more are expected in Arkansas, Iowa, Kansas, Mississippi, Nebraska, North Carolina, North Dakota, and Ohio.

All wheat planted area is estimated at 58.6 million acres, down 7 percent from 2008. The 2009 winter wheat planted area, at 42.9 million acres, is 7 percent below last year but up 2 percent from the previous estimate. Of this total, about 30.9 million acres are Hard Red Winter, 8.38 million acres are Soft Red Winter, and 3.65 million acres are White Winter. Area planted to other spring wheat for 2009 is expected to total 13.3 million acres, down 6 percent from 2008. Of this total, about 12.7 million acres are Hard Red Spring wheat. The expected Durum planted area for 2009 is 2.45 million acres, down 10 percent from the previous year.

All cotton plantings for 2009 are expected to total 8.81 million acres, 7 percent below last year and the lowest since1983. Upland area is expected to total 8.67 million acres, down 7 percent from last year. Growers intend to decrease planted area in all States except Georgia, Kansas, South Carolina, Tennessee, and Virginia

Missouri Grain Stocks

Missouri corn stocks on March 1 totaled 156 million bushels, 5 percent below last year at this time. On-farm stocks stood at 97.0 million bushels, up 2 percent from March 1, 2008, while off-farm stocks decreased 15 percent to 58.6 million bushels.

Soybean stocks in all positions in Missouri on March 1, 2009 totaled 52.7 million bushels, down 7 percent from a year earlier. Stocks on farms accounted for 31.0 million bushels, 15 percent above last year, while beans in commercial facilities in the State totaled 21.7 million bushels, 27 percent below March 1, 2008.

Missouri had 23.9 million bushels of wheat stocks on hand on March 1, 2009, an increase of 42 percent from a year earlier. Wheat on farms totaled 3.30 million bushels, 3.10 million bushels more than last year at this time and the highest March on-farm level since 1999 when there were 3.80 million bushels on farms. Commercial facilities held 20.6 million bushels, 24 percent above a year earlier.

Sorghum stocks in Missouri on March 1 totaled 2.33 million bushels, down 23 percent from last year. Sorghum on farms accounted for 1.50 million bushels, 7 percent above a year ago, while off-farm facilities held 825,000 bushels, down 49 percent from March 1, 2008.

Missouri rough rice stocks in all positions on March 1 totaled 4.26 million cwt, 7 percent below a year earlier.

United States Crop Stocks

Corn stocks in all positions on March 1, 2009 totaled 6.96 billion bushels, up 1 percent from March 1, 2008. Of the total stocks, 4.09 billion bushels are stored on farms, up 8 percent from a year earlier. Off-farm stocks, at 2.87 billion bushels, are down 7 percent from a year ago. The December 2008 - February 2009 indicated disappearance is 3.12 billion bushels, compared with 3.42 billion bushels during the same period last year.

Soybeans stored in all positions on March 1, 2009 totaled 1.30 billion bushels, down 9 percent from March 1, 2008. Soybean stocks stored on farms are estimated at 657 million bushels, up 11 percent from a year ago. Off-farm stocks, at 645 million bushels, are down 23 percent from last March. Indicated disappearance for the December 2008 - February 2009 quarter totaled 974 million bushels, up 5 percent from the same period a year earlier.

All wheat stored in all positions on March 1, 2009 totaled 1.04 billion bushels, up 46 percent from a year ago. On-farm stocks are estimated at 280 million bushels, up 205 percent from last March. Off-farm stocks, at 756 million bushels, are up 23 percent from a year ago. The December 2008 - February 2009 indicated disappearance is 386 million bushels, down 9 percent from the same period a year earlier.

Grain sorghum stored in all positions on March 1, 2009 totaled 209 million bushels, up 12 percent from a year ago. On-farm stocks, at 32.2 million bushels, are up 23 percent from last March. Off-farm stocks, at 177 million bushels, are up 11 percent from a year earlier. The December 2008 - February 2009 indicated disappearance from all positions is 103 million bushels, down 2 percent from the same period last year.

Rough rice stocks in all positions on March 1, 2009, totaled 91.3 million hundredweight (cwt), down 13 percent from the total on March 1, 2008. Stocks held on farms totaled 21.3 million cwt, and off-farm stocks totaled 70.0 million cwt. Long grain varieties accounted for 70 percent of the total rough rice, medium grain accounted for 27 percent, and short grain varieties accounted for 3 percent.

Milled rice stocks in all positions totaled 4.73 million cwt, down 16 percent from a year ago. Milled rice stocks were compromised of 3.35 million cwt of whole kernel rice and 1.39 million cwt of second heads, screenings, and brewers rice.