Released: October 8, 1999
Volume 99, No. 10
CROP
PRODUCTION
GRAIN
STOCKS
MARKET
IMPLICATIONS
Kansas corn production is expected to total 397.6 million bushels, unchanged from the
previous forecast but 5 percent below last year's crop. Acreage harvested for grain, at 2.8
million acres, is unchanged from the previous forecast but down 2 percent from 1998. Corn
yields are expected to average 142 bushels per acre, unchanged from September 1 but 5
bushels below the previous year.
Sorghum grain production is forecast at 248.2 million bushels, down 6 percent from last year.
Kansas remains first in the nation in sorghum production. Yields are expected to average 73
bushels per acre, unchanged from last month but down 7 bushels from last year's yield.
Acreage for harvest is 3.4 million acres, unchanged from September 1 but up 100,000 acres
from 1998.
Soybean production is expected to total 71.6 million bushels, unchanged from September 1
but 5 percent below last year's crop. Acreage for harvest is expected to total 2.65 million acres, unchanged from
September 1 but up 150,000 acres from last year. Yields are expected to average 27 bushels per acre,
unchanged from September 1 but 3 bushels below 1998.
Sunflower production is forecast at a record high 405.6 million pounds, up 52 percent from last year. Harvested
acreage, at 260,000, is up 85,000 acres from last year. The yield is expected to average 1,560 pounds per acre,
up 2 percent from last year.
All hay production is estimated to total 7.81 million tons, down 3 percent from 1998. Acreage harvested is 2.9
million acres, unchanged from last year.
Kansas wheat production for 1999 is estimated at 432.4 million bushels, up 2 percent from the August forecast
but down 13 percent from 1998. Yield is estimated at 47.0 bushels per acre, up 1 bushel from the August
forecast but 2 bushels below the 1998 yield. Acres harvested for grain totaled 9.2 million acres, unchanged from
the previous forecast but 9 percent less than the 1998 harvest. A total of 10.0 million acres were planted to
wheat for harvest in 1999, down 700,000 acres from the previous year. Oat production is 3.29 million bushels in
1999, up 22 percent from 1998. Final yield is estimated at 47.0 bushels per acre, up 2 bushels from the August
forecast and the 1998 yield. Grain was harvested from 70,000 of the 120,000 acres planted. Barley production
totaled 585,000 bushels for 1999, up 305,000 bushels from the 1998 crop. Yields averaged 45.0 bushels per
acre, 10 bushels above last year. Grain was harvested from 13,000 of the 16,000 acres planted. Rye production
in Kansas for 1999 totaled 300,000 bushels. The yield per acre averaged 30.0 bushels. Of the 90,000 acres
planted, only 10,000 acres were harvested for grain. The remaining acreage was used primarily for livestock
forage or as a cover crop.
Estimates of Kansas corn, sorghum, and soybean production by district are shown in table 2 on the following
page. Wheat county and district data are not included in this report but will be released around the first of
December.
| Table 1-- KANSAS CROP PRODUCTION, OCTOBER 1, 1999 | ||||||||
|
Crop & Unit |
Planted 1/ | Harvested | Yield per Acre 2/ | Production | ||||
| 1998 | 1999 | 1998 | 1999 | 1998 | 1999 | 1998 | 1999 | |
| 1,000 Acres | Per Unit | (000's) | ||||||
| Winter Wheat, bu. | 10,700 | 10,000 | 10,100 | 9,200 | 49 | 47 | 494,900 | 432,400 |
| Oats, bu. | 110 | 120 | 60 | 70 | 45 | 47 | 2,700 | 3,290 |
| Barley, bu. | 8 | 16 | 8 | 13 | 35 | 45 | 280 | 585 |
| Rye, bu. | 80 | 90 | 15 | 10 | 25 | 30 | 375 | 300 |
| Corn Grain, bu. | 3,000 | 3,000 | 2,850 | 2,800 | 147 | 142 | 418,950 | 397,600 |
| Sorghum Grain, bu. | 3,500 | 3,600 | 3,300 | 3,400 | 80 | 73 | 264,000 | 248,200 |
| Soybeans, bu. | 2,550 | 2,700 | 2,500 | 2,650 | 30 | 27 | 75,000 | 71,550 |
| All Sunflowers, lbs | 180 | 270 | 175 | 260 | 1,528 | 1,560 | 267,350 | 405,600 |
| Dry Beans, cwt. 3/ | 20 | 24 | 19 | 23 | 2,000 | 1,850 | 380 | 426 |
| All Hay, tons | - | - | 2,900 | 2,900 | 2 .77 | 2 .69 | 8,020 | 7,805 |
| Alfalfa Hay, | - | - | 1,000 | 850 | 4 .60 | 4 .60 | 4,600 | 3,910 |
| Other Hay, tons | - | - | 1,900 | 2,050 | 1 .80 | 1 .90 | 3,420 | 3,895 |
| Pecans, lbs. | - | - | - | - | - | - | 50 | 3,500 |
| Apples, lbs. | - | - | - | - | - | - | 1,600 | 6,100 |
| Table 2-- KANSAS CROP PRODUCTION FORECAST, OCTOBER 1, 1999, BY DISTRICTS | ||||||||||
| Crop And District |
Acres Planted, All Purposes 1/ |
Acres Harvested for Grain 1/ |
Yield per Acre |
Production | ||||||
| 1998 | 1999 | 1998 | 1999 |
% Prev. Year |
1998 | 1999 | 1998 | 1999 |
% Prev. Year |
|
| ------------ 1,000 Acres ------------ | Bushels | 1,000 Bushels | ||||||||
|
|
||||||||||
| Northwest | 500 | 520 | 489 | 499 | 102 | 153 | 149 | 74,890 | 74,550 | 100 |
| West Central | 254 | 290 | 229 | 258 | 113 | 149 | 141 | 34,090 | 36,480 | 107 |
| Southwest | 900 | 850 | 873 | 815 | 93 | 176 | 182 | 153,620 | 148,650 | 97 |
| North Central | 220 | 283 | 205 | 262 | 128 | 125 | 124 | 25,545 | 32,490 | 127 |
| Central | 98 | 88 | 83 | 74 | 89 | 121 | 136 | 10,025 | 10,100 | 101 |
| South Central | 330 | 264 | 314 | 244 | 78 | 141 | 141 | 44,395 | 34,310 | 77 |
| Northeast | 380 | 418 | 363 | 393 | 108 | 128 | 100 | 46,490 | 39,300 | 85 |
| East Central | 215 | 213 | 200 | 189 | 95 | 110 | 90 | 22,035 | 17,100 | 78 |
| Southeast | 103 | 74 | 94 | 66 | 70 | 84 | 70 | 7,860 | 4,620 | 59 |
| State | 3,000 | 3,000 | 2,850 | 2,800 | 98 | 147 | 142 | 418,950 | 397,600 | 95 |
|
|
||||||||||
| Northwest | 190 | 210 | 176 | 197 | 112 | 92 | 82 | 16,253 | 16,193 | 100 |
| West Central | 321 | 340 | 304 | 324 | 107 | 92 | 84 | 28,042 | 27,185 | 97 |
| Southwest | 560 | 540 | 527 | 508 | 96 | 70 | 64 | 36,842 | 32,418 | 88 |
| North Central | 600 | 577 | 563 | 544 | 97 | 93 | 76 | 52,577 | 41,570 | 79 |
| Central | 580 | 562 | 553 | 523 | 95 | 75 | 78 | 41,651 | 40,633 | 98 |
| South Central | 532 | 642 | 500 | 601 | 120 | 63 | 66 | 31,307 | 39,376 | 126 |
| Northeast | 252 | 224 | 240 | 216 | 90 | 99 | 77 | 23,856 | 16,739 | 70 |
| East Central | 173 | 222 | 162 | 215 | 133 | 81 | 72 | 13,122 | 15,380 | 117 |
| Southeast | 292 | 283 | 275 | 272 | 99 | 74 | 69 | 20,350 | 18,706 | 92 |
| State | 3,500 | 3,600 | 3,300 | 3,400 | 103 | 80 | 73 | 264,000 | 248,200 | 94 |
|
|
||||||||||
| Northwest | 28 | 51 | 28 | 51 | 183 | 50 | 48 | 1,395 | 2,464 | 177 |
| West Central | 16 | 20 | 16 | 20 | 128 | 45 | 46 | 705 | 929 | 132 |
| Southwest | 44 | 65 | 44 | 64 | 147 | 50 | 46 | 2,174 | 2,942 | 135 |
| North Central | 217 | 295 | 217 | 294 | 136 | 38 | 34 | 8,272 | 9,889 | 120 |
| Central | 137 | 165 | 136 | 163 | 120 | 31 | 37 | 4,196 | 6,077 | 145 |
| South Central | 253 | 240 | 248 | 236 | 95 | 38 | 36 | 9,535 | 8,469 | 89 |
| Northeast | 545 | 563 | 541 | 559 | 103 | 36 | 30 | 19,455 | 16,569 | 85 |
| East Central | 635 | 614 | 623 | 602 | 97 | 27 | 22 | 16,556 | 13,242 | 80 |
| Southeast | 675 | 687 | 649 | 661 | 102 | 20 | 17 | 12,712 | 10,969 | 86 |
| State | 2,550 | 2,700 | 2,500 | 2,650 | 106 | 30 | 27 | 75,000 | 71,550 | 95 |
| Table 3-- UNITED STATES CROP PRODUCTION, OCTOBER 1, 1999 | ||||||||
|
Crop & Unit |
Planted 1/ | Harvested | Yield per Acre | Production | ||||
| 1998 | 1999 | 1998 | 1999 | 1998 | 1999 | 1998 | 1999 | |
| 1,000 Acres | Per Unit | (000's) | ||||||
| All Wheat, bu. | 65,821 | 62,988 | 59,002 | 54,319 | 43 .2 | 42 .7 | 2,547,321 | 2,317,591 |
| Winter Wheat, bu. | 46,449 | 43,425 | 40,126 | 35,542 | 46 .9 | 47 .8 | 1,880,733 | 1,698,369 |
| Oats, bu. | 4,892 | 4,670 | 2,755 | 2,465 | 60 .2 | 60 .0 | 165,981 | 147,906 |
| Barley, bu. | 6,337 | 5,223 | 5,864 | 4,778 | 60 .0 | 59 .5 | 352,125 | 284,073 |
| Rye, bu. | 1,566 | 1,582 | 418 | 383 | 29 .1 | 28 .7 | 12,161 | 10,993 |
| Corn Grain, bu. | 80,187 | 77,611 | 72,604 | 70,925 | 134 .4 | 133 .5 | 9,761,085 | 9,466,977 |
| Sorghum Grain, bu. | 9,626 | 9,299 | 7,723 | 8,499 | 67 .3 | 68 .3 | 519,933 | 580,361 |
| Soybeans, bu. | 72,025 | 74,145 | 70,441 | 72,786 | 38 .9 | 37 .0 | 2,741,014 | 2,696,272 |
| All Sunflowers, lbs. | 3,568 .0 | 3,676 .0 | 3,492 .0 | 3,593 .0 | 1,510 | 1,404 | 5,273,162 | 5,043,370 |
| Dry Beans, cwt. 2/ | 2,010 .1 | 1,992 .6 | 1,913 .9 | 1,903 .0 | 1,611 | 1,669 | 30,828 | 31,755 |
| Cotton, bales | 13,392 .5 | 14,601 .2 | 10,683 .6 | 13,405 .2 | 625 | 588 | 13,918 .2 | 16,430 .0 |
| All Hay, tons | - | - | 60,016 | 62,051 | 2 .52 | 2 .60 | 151,338 | 161,385 |
| Alfalfa Hay, | - | - | 23,642 | 23,968 | 3 .47 | 3 .57 | 82,010 | 85,487 |
| Other Hay, | - | - | 36,374 | 38,083 | 1 .91 | 1 .99 | 69,328 | 75,898 |
| Pecans, lbs. | - | - | - | - | - | - | 146,400 .0 | 323,900 .0 |
| Apples, lbs. | - | - | - | - | - | - | 11,387 .4 | 10,614 .8 |
Corn production is forecast at 9.47 billion bushels, up 1 percent from last month but down 3 percent from 1998.
Based on conditions as of October 1, yields are expected to average 133.5 bushels per acre, up 1.3 bushels from
last month, but down 0.9 bushels from a year ago. If realized, this would be the fourth largest production and the
third highest yield on record. Acreage for harvest is estimated at 70.9 million acres, down 30,000 acres from last
month due to flooding in North Carolina.
Sorghum grain production is forecast at 580 million bushels, virtually unchanged from the September forecast, but
12 percent higher than the 1998 total. Area harvested and to be harvested was unchanged from September at
8.50 million acres, up 10 percent from the previous year. The U.S. yield is forecast at 68.3 bushels per acre, up
0.1 bushel from last month and 1.0 bushel above last year. Compared to September, forecasted yields in
Arkansas and Nebraska each increased by 2 bushels per acre, while Colorado lowered their forecast by 4
bushels. Record yields are expected in Louisiana, Mississippi, and Texas.
Soybean production is forecast at 2.70 billion bushels, down 3 percent from September 1 and 2 percent below
last year's record of 2.74 billion bushels. The yield forecast, at 37.0 bushels per acre, decreased 0.9 bushel from
last month and is 1.9 bushels below the 1998 final yield. Acreage for harvest is estimated at a record 72.8
million acres, down 1 percent from September 1 but up 3 percent from 1998. Acres expected for harvest were
decreased by 475,000 acres in nine states, due to abandonment or harvested for hay. The states with the largest
acreage reductions are North Carolina, Kentucky, Ohio, and Tennessee. Downward adjustments to harvested
acres were also made in Alabama, Arkansas, Georgia, Missouri, and South Carolina.
| Table 4-- STOCKS OF GRAIN , SEPTEMBER 1, 1999, WITH COMPARISONS | |||||||
| Grain | Position | Kansas | United States | ||||
|
Sept. 1, 1998 |
June 1, 1999 |
Sept. 1, 1999 |
Sept. 1, 1998 |
June 1, 1999 |
Sept. 1, 1999 |
||
| 1,000 Bushels | |||||||
| All Wheat | On Farms | 60,000 | 10,000 | 50,000 | 885,720 | 277,710 | 903,060 |
| Off Farms 1/ | 319,253 | 138,561 | 344,409 | 1,499,770 | 668,208 | 1,556,196 | |
| TOT | 379,253 | 148,561 | 394,409 | 2,385,490 | 945,918 | 2,459,256 | |
| Sorghum Grain | On Farms | 8,000 | 12,000 | 6,000 | 13,700 | 27,400 | 13,800 |
| Off Farms 1/ | 19,897 | 38,377 | 22,732 | 35,203 | 88,680 | 51,314 | |
| TOT | 27,897 | 50,377 | 28,732 | 48,903 | 116,080 | 65,114 | |
| Corn | On Farms | 9,500 | 32,000 | 9,800 | 640,000 | 2,257,000 | 807,000 |
| Off Farms 1/ | 35,877 | 61,446 | 32,488 | 667,803 | 1,359,225 | 989,367 | |
| TOT | 45,377 | 93,446 | 42,288 | 1,307,803 | 3,616,225 | 1,796,367 | |
| Oats | On Farms | 2/ | 2/ | 2/ | 110,300 | 40,700 | 97,500 |
| Off Farms 1/ | 1,056 | 498 | 1,168 | 51,515 | 40,678 | 50,982 | |
| TOT | 2/ | 2/ | 2/ | 161,815 | 81,378 | 148,482 | |
| Barley | On Farms | 2/ | 2/ | 2/ | 193,500 | 52,000 | 167,100 |
| Off Farms 1/ | 49 | 30 | 2/ | 132,652 | 89,653 | 129,845 | |
| TOT | 2/ | 2/ | 2/ | 326,152 | 141,653 | 296,945 | |
| Soybeans | On Farms | 2,500 | 7,500 | 2,600 | 84,300 | 458,000 | 145,000 |
| Off Farms 1/ | 7,045 | 15,294 | 10,557 | 115,499 | 390,573 | 202,983 | |
| TOT | 9,545 | 22,794 | 13,157 | 199,799 | 848,573 | 347,983 | |
| 1/ Includes stocks at mills, elevators, warehouses, terminals, & processors. 2/ No estimate available. | |||||||
The USDA released its third official estimate of 1999 corn and soybean production. Corn production was
pegged at 9,467 million bushels, about 1 percent above the September estimate and toward the high end of
the range of industry analysts' pre-release estimates. The October crop report's yield projection was 133.5
bushels.
The USDA also released revised projections for 1999/2000 corn supply-demand. The most significant changes
were: (1) beginning stocks were increased nearly 100 million bushels (in keeping with the figures reported last
week in the September Stocks report); (2) feed and residual (F&R) was reduced 75 million bushels; (3) corn
exports were raised 75 million bushels; and (4) as a consequence of these changes in the supply;demand
figures, corn ending stocks were increased by 183 million bushels. The midpoint of the USDA's projected price
range was lowered $ .10 and now stands at $1,85 _ a dime less than last year's price.
Given the seasonal tendency for feed grain prices to decline into harvest, the "tightness" in both storage and
transport capacity, and considering the possible effects of the "Marketing Loan" program, it seems likely that
December corn futures could make an attempt to "test" its previous contract low of $1.94 (set in early July).
The nearby corn futures contract could actually trade below the national average loan rate of $1.89, if large
Loan Deficiency Payment (LDP's) induce farmers to sell grain rather than store the crop under loan, if the USDA
is forced to make further reductions in its F&R projection, or if the pace of corn export sales lags. As of
September 30, corn export commitments stood at 494 million bushels. That's 60 million bushels more than
last year but it's just 26 percent of the USDA's October projection of 1,925 million bushels. On average, about
30 percent of total annual corn exports are booked by this date.
The soybean crop was 2,696 million bushels, 3 percent less than the September estimate and one (1) million
bushels less than the low end of the range of industry expectations. The October crop report's yield projection
was 37.0 bushels.
The USDA also released revised projections for 1999/2000 soybean supply-demand. Beginning stocks were
reduced 17 million bushels (in keeping with the figures reported last week in the September Stocks report),
while usage was cut 23 million bushels. However, projected ending stocks have shrunk by 75 million bushels
from the September estimate. The decrease in ending stocks, while widely expected, reduces stocks to 14.5
percent of usage, just slightly more than last year's 13.5 percent. However, that's still above the ten year
average of 12 percent. The midpoint of the USDA's projected price range was raised $ .20 and now stands at
$5.00, down only $ .02 from last year's season average price.
The USDA is projecting robust export demand for this year resulting in exports of 880 million bushels, 68
million bushels more than last year. As of the September 30, soybean export commitments totaled 265 million
bushels, 38 million bushels less than a year ago and slightly "behind schedule" to meet the USDA's latest
projection for annual exports. This year's commitments have accounted for 30 percent of the projected annual
exports. On average, commitments as of this date account for 32 percent of annual exports.
The seasonal low for soybeans prices in October. Soybean prices should state a "average" post-harvest recovery due to expected but relatively minor reductions in S. American production and possible increases in world consumption stimulated by the current low prices. Consequently, July soybean futures (which are currently trading around $5.25) could rise to the $5.75-6.00 level sometime by late spring or early summer.
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