According to the USDA report released on Tuesday:
Corn Planted Acreage Down 2 Percent from 2014
Soybean Acreage Up 2 Percent
All Wheat Acreage Down 1 Percent
All Cotton Acreage Down 18 Percent
Corn planted area for all purposes in 2015 is estimated at 88.9 million
acres, down 2 percent from last year. This represents the lowest planted
acreage in the in the United States since 2010.
Soybean planted area for 2015 is estimated at a record high 85.1 million
acres, up 2 percent from last year. Area for harvest, at 84.4 million acres,
is also up 2 percent from 2014 and will be record high, if realized. Record
high planted acreage is estimated in Kentucky, Minnesota, Ohio, Pennsylvania,
and Wisconsin.
All wheat planted area for 2015 is estimated at 56.1 million acres, down
1 percent from 2014. The 2015 winter wheat planted area, at 40.6 million
acres, is down 4 percent from last year and down less than 1 percent from the
previous estimate. Of this total, about 29.6 million acres are Hard Red
Winter, 7.61 million acres are Soft Red Winter, and 3.44 million acres are
White Winter. Area planted to other spring wheat for 2015 is estimated at
13.5 million acres, up 4 percent from 2014. Of this total, about 12.6 million
acres are Hard Red Spring wheat. Durum planted area for 2015 is estimated at
1.95 million acres, up 40 percent from the previous year.
All cotton planted area for 2015 is estimated at 9.0 million acres,
18 percent below last year. Upland area is estimated at 8.85 million acres,
down 18 percent from 2014. American Pima area is estimated at 148,000 acres,
down 23 percent from 2014.
Gra Corn Stocks Up 15 Percent from June 2014Soybean Stocks Up 54 PercentAll Wheat Stocks Up 28 Percent Corn stocks in all positions on June 1, 2015 totaled 4.45 billion bushels, up 15 percent from June 1, 2014. Of the total stocks, 2.28 billion bushels are stored on farms, up 22 percent from a year earlier. Off-farm stocks, at 2.17 billion bushels, are up 9 percent from a year ago. The March – May 2015 indicated disappearance is 3.30 billion bushels, compared with 3.16 billion bushels during the same period last year. Soybeans stored in all positions on June 1, 2015 totaled 625 million bushels, up 54 percent from June 1, 2014. On-farm stocks totaled 246 million bushels, up 126 percent from a year ago. Off-farm stocks, at 379 million bushels, are up 28 percent from a year ago. Indicated disappearance for the March – May 2015 quarter totaled 701 million bushels, up 19 percent from the same period a year earlier. Old crop all wheat stored in all positions on June 1, 2015 totaled 753 million bushels, up 28 percent from a year ago. On-farm stocks are estimated at 155 million bushels, up 60 percent from last year. Off-farm stocks, at 597 million bushels, are up 21 percent from a year ago. The March – May 2015 indicated disappearance is 388 million bushels, down 17 percent from the same period a year earlier. Grain sorghum stored in all positions on June 1, 2015 totaled 33.2 million bushels, down 64 percent from a year ago. On-farm stocks, at 2.92 million bushels, are down 35 percent from last year. Off-farm stocks, at 30.3 million bushels, are down 66 percent from June 1, 2014. The March – May 2015 indicated disappearance from all positions is 86.7 million bushels, up 4 percent from the same period last year.
in Stocks Report