Released: September 14, 2001
Volume 01, No. 9
CROP
FORECAST
AGRICULTURAL
EXPORTS
Soybean production is forecast at 87.0 million bushels, down 3 percent from August 1 but 74 percent above last year's crop. Acreage for harvest is expected to total 2.90 million acres, up 16 percent from last year. Yields are expected to average 30 bushels per acre, down 1 bushel from August 1 but 10 bushels above 2000. Nineteen percent of the acreage was dropping leaves, compared to 62 percent last year. Condition was rated 42 percent good to excellent, 38 percent fair, 15 percent poor, and 5 percent very poor.
| Table 1-- KANSAS CROP PRODUCTION, SEPTEMBER 1, 2001 | ||||||||
|
Crop & Unit |
Planted 1/ | Harvested | Yield per Acre 2/ | Production | ||||
| 2000 | 2001 | 2000 | 2001 | 2000 | 2001 | 2000 | 2001 | |
| 1,000 Acres | Per Unit | (000's) | ||||||
| Winter Wheat, bu. 3/ | 9,800 | 9,900 | 9,400 | 8,400 | 37 | 41 | 347,800 | 344,400 |
| Corn Grain, bu. | 3,450 | 3,300 | 3,200 | 3,100 | 130 | 127 | 416,000 | 393,700 |
| Sorghum Grain, bu. | 3,500 | 4,000 | 3,200 | 3,750 | 59 | 62 | 188,800 | 232,500 |
| Soybeans, bu. | 2,950 | 3,000 | 2,500 | 2,900 | 20 | 30 | 50,000 | 87,000 |
| Dry Beans, cwt. 3/ 4/ | 18 .0 | 15 .0 | 16 .0 | 14 .0 | 1,810 | 1,850 | 289 | 259 |
| Cotton, 480 lb. bales 3/ 4/ | 40 .0 | 44 .0 | 37 .0 | 37 .0 | 288 | 272 | 22 .2 | 21 .0 |
| All Hay, tons 3/ | - | - | 2,800 | 3,300 | 2 .34 | 2 .23 | 6,540 | 7,370 |
| Alfalfa Hay, tons 3/ | - | - | 900 | 950 | 4 .10 | 3 .80 | 3,690 | 3,610 |
| Other Hay, tons 3/ | - | - | 1,900 | 2,350 | 1 .50 | 1 .60 | 2,850 | 3,760 |
| Table 2-- KANSAS CROP PRODUCTION FORECAST, SEPTEMBER 1, 2001, BY DISTRICTS | ||||||||||
| Crop And District |
Acres Planted, All Purposes 1/ |
Acres Harvested for Grain 1/ |
Yield per Acre |
Production | ||||||
| 2000 | 2001 | 2000 | 2001 |
% Prev. Year |
2000 | 2001 | 2000 | 2001 |
% Prev. Year |
|
| ------------ 1,000 Acres ------------ | Bushels | 1,000 Bushels | ||||||||
|
|
||||||||||
| Northwest | 621 | 560 | 562 | 535 | 95 | 104 | 118 | 58,695 | 63,100 | 108 |
| West Central | 315 | 260 | 286 | 235 | 82 | 97 | 98 | 27,605 | 23,100 | 84 |
| Southwest | 931 | 810 | 899 | 780 | 87 | 176 | 170 | 158,310 | 132,300 | 84 |
| North Central | 248 | 230 | 215 | 209 | 97 | 89 | 105 | 19,150 | 21,900 | 114 |
| Central | 128 | 140 | 112 | 126 | 113 | 114 | 94 | 12,730 | 11,900 | 94 |
| South Central | 384 | 410 | 357 | 385 | 108 | 146 | 133 | 52,195 | 51,200 | 98 |
| Northeast | 432 | 480 | 409 | 455 | 111 | 125 | 125 | 51,215 | 56,800 | 111 |
| East Central | 246 | 250 | 225 | 229 | 102 | 94 | 89 | 21,055 | 20,300 | 96 |
| Southeast | 145 | 160 | 135 | 146 | 108 | 111 | 90 | 15,045 | 13,100 | 87 |
| State | 3,450 | 3,300 | 3,200 | 3,100 | 97 | 130 | 127 | 416,000 | 393,700 | 95 |
|
|
||||||||||
| Northwest | 180 | 210 | 152 | 191 | 126 | 49 | 65 | 7,378 | 12,350 | 167 |
| West Central | 364 | 575 | 321 | 541 | 169 | 58 | 68 | 18,577 | 36,900 | 199 |
| Southwest | 557 | 680 | 523 | 644 | 123 | 51 | 50 | 26,546 | 32,450 | 122 |
| North Central | 609 | 610 | 529 | 565 | 107 | 46 | 76 | 24,219 | 42,750 | 177 |
| Central | 562 | 575 | 527 | 532 | 101 | 62 | 63 | 32,665 | 33,300 | 102 |
| South Central | 598 | 695 | 550 | 657 | 120 | 60 | 42 | 32,937 | 27,300 | 83 |
| Northeast | 194 | 195 | 185 | 185 | 100 | 87 | 92 | 16,016 | 17,100 | 107 |
| East Central | 157 | 160 | 144 | 151 | 105 | 65 | 81 | 9,288 | 12,300 | 132 |
| Southeast | 279 | 300 | 269 | 284 | 106 | 79 | 64 | 21,174 | 18,050 | 85 |
| State | 3,500 | 4,000 | 3,200 | 3,750 | 117 | 59 | 62 | 188,800 | 232,500 | 123 |
|
|
||||||||||
| Northwest | 53 | 60 | 48 | 58 | 121 | 35 | 41 | 1,663 | 2,400 | 144 |
| West Central | 25 | 25 | 24 | 24 | 100 | 26 | 29 | 634 | 700 | 110 |
| Southwest | 89 | 100 | 87 | 98 | 113 | 45 | 45 | 3,928 | 4,400 | 112 |
| North Central | 321 | 340 | 270 | 328 | 122 | 18 | 31 | 4,894 | 10,300 | 210 |
| Central | 213 | 225 | 186 | 217 | 117 | 21 | 29 | 3,840 | 6,200 | 161 |
| South Central | 293 | 295 | 257 | 285 | 111 | 34 | 33 | 8,779 | 9,500 | 108 |
| Northeast | 629 | 680 | 609 | 665 | 109 | 22 | 36 | 13,616 | 24,000 | 176 |
| East Central | 670 | 650 | 541 | 630 | 117 | 12 | 26 | 6,395 | 16,600 | 260 |
| Southeast | 657 | 625 | 478 | 595 | 125 | 13 | 22 | 6,251 | 12,900 | 206 |
| State 1/ | 2,950 | 3,000 | 2,500 | 2,900 | 116 | 20 | 30 | 50,000 | 87,000 | 174 |
Production of sorghum grain is forecast at 537 million bushels, down 1 percent from August but up 14 percent
from 2000. Area harvested and to be harvested for grain, at 8.78 million acres, is unchanged from August, but
14 percent higher than 2000. The forecast U.S. yield, at 61.2 bushels per acre, is down 0.8 bushel from August
but up 0.3 bushel from `2000.
Soybean production is forecast at a record high 2.83 billion bushels, down 1 percent from August 1 but 2 percent
above 2000. Based on September 1 conditions, yields are expected to average 38.2 bushels per acre, down 0.5
bushel from last month but 0.1 bushel above 2000. Acreage for harvest is estimated at a record 74.1 million
acres, unchanged from August 1 but up 2 percent from 2000.
All wheat production is placed at 1.99 billion bushels, up slightly from the August forecast but 10 percent below
2000. The U.S. yield is forecast at 40.4 bushels per acre. This is up 0.2 bushel from last month.
| Table 3-- UNITED STATES CROP PRODUCTION, SEPTEMBER 1, 2001 | ||||||||
|
Crop & Unit |
Planted 1/ | Harvested | Yield per Acre | Production | ||||
| 2000 | 2001 | 2000 | 2001 | 2000 | 2001 | 2000 | 2001 | |
| 1,000 Acres | Per Unit | (000's) | ||||||
| All Wheat, bu. 2/ | 62,529 | 59,604 | 53,028 | 49,331 | 41.9 | 40.4 | 2,223,440 | 1,991,077 |
| Corn Grain, bu. | 79,545 | 76,009 | 72,732 | 69,191 | 137.1 | 133.5 | 9,968,358 | 9,238,356 |
| Sorghum Grain, bu. | 9,195 | 10,047 | 7,723 | 8,777 | 60.9 | 61.2 | 470,070 | 537,110 |
| Soybeans, bu. | 74,496 | 75,216 | 72,718 | 74,137 | 38.1 | 38.2 | 2,769,665 | 2,833,511 |
| All Hay, tons 2/ | - | - | 59,854 | 63,833 | 2.54 | 2.48 | 152,183 | 158,241 |
| Alfalfa Hay, tons 2/ | - | - | 23,077 | 23,750 | 3.48 | 3.38 | 80,347 | 80,166 |
| Other Hay, tons 2/ | - | - | 36,777 | 40,083 | 1.95 | 1.95 | 71,836 | 78,075 |
| Table 4-- KANSAS AGRICULTURAL EXPORTS | |||||
| Commodity | 1996 | 1997 | 1998 | 1999 | 2000 |
|
|
|||||
| Wheat & Flour | 851 .4 | 506 .3 | 699 .1 | 805 .5 | 721 .5 |
| Total Feed Grains | 628 .8 | 605 .1 | 486 .1 | 533 .1 | 528 .2 |
|
Live Animals & Meat (Excluding Poultry) |
782 .9 |
678 .7 |
709 .7 |
765 .5 |
969 .7 |
| Hides & Skins | 289 .3 | 282 .7 | 228 .7 | 200 .2 | 286 .7 |
| Soybeans & Products | 186 .3 | 287 .7 | 291 .7 | 178 .9 | 203 .9 |
| Feeds & Fodders | 181 .0 | 185 .5 | 191 .7 | 185 .9 | 212 .7 |
| Fats, Oils, & Greases | 124 .0 | 92 .1 | 120 .5 | 106 .1 | 81 .2 |
| Seeds | 21 .6 | 38 .7 | 27 .3 | 26 .0 | 29 .9 |
| Sunflowers & Oils | 20 .1 | 24 .3 | 20 .9 | 16 .9 | 23 .0 |
| Dairy Products | 3 .3 | 3 .9 | 3 .5 | 2 .6 | 0 .8 |
| Other | 2 .7 | 2 .7 | 2 .6 | 2 .5 | 2 .5 |
| Total | 3,091 .4 | 2,707 .6 | 2,781 .9 | 2,823 .3 | 3,060 .1 |
The USDA released its second official estimate of 2001 corn and soybean production. It also made revisions in its estimates of
spring and durum production. Corn production was pegged at 9,238 million bushels, 28 million bushels below the August
estimate. The September estimate is also more than the largest of industry analysts' pre-release estimates.
The USDA also released revised projections for 2001/02 corn supply-demand. The most significant changes were:
(1) beginning stocks were reduced 65 million bushels (due to an unusual 65 million bushel increase in "old crop" exports);
however, the projection for "new crop" corn exports was reduced by 25 million bushels but domestic consumption was increased
by 25 million bushels;
(2) as a consequence of these changes in the supply:demand figures, corn ending stocks were reduced by 98 million bushels;
and
(3) the midpoint of the USDA's projected price range was raised $.05 and now stands at $2.15 -- $.30 more than last year's
price of $1.85.
Given the seasonal tendency for feed grain prices to decline into harvest; and allowing for the possible effects of the "Marketing
Loan" program (about 400 million bushels of "old crop" corn will need to be redeemed from CCC loan), it seems likely that
December corn futures will trade lower. However, at this time, it's unlikely to "test" its previous contract low of $ 2.02 (set June
25).
One negative factor in the outlook for feed grain prices is the slow pace of corn export sales. As of the beginning of September,
export sales of "new crop" corn were estimated to be 306 million bushels. That's 80 million bushels less than last year and it is
only 15 percent of projected annual exports. On average, as of the beginning of September, 24 percent of total annual exports
are already "on the books".
The soybean crop was a record 2,834 million bushels, 1.1 percent less than the August estimate but above the high end of the
range of industry expectations.
The USDA also released revised projections for 2001/02 soybean supply-demand:
(1) Beginning stocks were reduced 10 million bushels, and usage was bumped up by 2 million bushels. However, projected
ending stocks have shrunk by 45 million bushels from the August estimate. The decrease in ending stocks, while widely
expected, pushes stocks to 9 percent of usage, a bit more than last year's 8.5 percent, and below the ten year average of 10.6
percent.
(2) The midpoint of the USDA's projected price range was raised $.05 and now stands at $4.90, up $.35 from last year's $4.55.
The USDA is projecting soybean exports for this year to be 990 million bushels (10 million bushels less than last year's record
exports). When soymeal exports are combined with whole soybean exports, the combined figure accounts for 46 percent of
total soybean disappearance. As of the beginning of September, soybean export sales totaled 199 million bushels, 55 million
bushels more than a year ago and "nearly on schedule" to meet the USDA's latest projection for annual exports.
The soybean price seasonal suggests that cash prices will weaken as harvest progresses and could achieve a harvest low sometime
in the month of October. It is expected that the November soybean futures could decline to the $4.50 level. Prices will probably not "test" the $4.18 low that was set on April 24. Following the harvest lows, soybean prices may not be able to stage much of a post- harvest recovery due the expectation of another record South American crop (Brazil and Argentina).
Dave Ranek & Mike Miller, Agricultural Statisticians
Eldon J. Thiessen, State Statistician
Eddie Wells, Deputy State Statistician
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