Home Indiana Agriculture News Soybean Acreage Sets Record, Corn Down 3%

Soybean Acreage Sets Record, Corn Down 3%

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Corn Planted Acreage Down 3 Percent from 2016
Soybean Acreage Up 7 Percent
All Wheat Acreage Down 9 Percent
All Cotton Acreage Up 20 Percent

Corn planted area for all purposes in 2017 is estimated at 90.9 million 
acres, down 3 percent from last year. Compared with last year, planted acres 
are down or unchanged in 38 of the 48 estimating States. Area harvested for 
grain, at 83.5 million acres, is down 4 percent from last year.

Soybean planted area for 2017 is estimated at a record high 89.5 million 
acres, up 7 percent from last year. Compared with last year, planted acreage 
intentions are up or unchanged in 24 of the 31 estimating States.

All wheat planted area for 2017 is estimated at 45.7 million acres, down 
9 percent from 2016. This represents the lowest all wheat planted area on 
record since records began in 1919. The 2017 winter wheat planted area, at 
32.8 million acres, is down 9 percent from last year but up less than 
1 percent from the previous estimate. Of this total, about 23.8 million acres 
are Hard Red Winter, 5.61 million acres are Soft Red Winter, and 3.42 million 
acres are White Winter. Area planted to other spring wheat for 2017 is 
estimated at 10.9 million acres, down 6 percent from 2016. Of this total, 
about 10.3 million acres are Hard Red Spring wheat. Durum planted area for 
2017 is estimated at 1.92 million acres, down 20 percent from the previous 
year.

 

Grain Stocks Report

Corn Stocks Up 11 Percent from June 2016
Soybean Stocks Up 11 Percent
All Wheat Stocks Up 21 Percent

Corn stocks in all positions on June 1, 2017 totaled 5.23 billion bushels, up 
11 percent from June 1, 2016. Of the total stocks, 2.84 billion bushels are 
stored on farms, up 15 percent from a year earlier. Off-farm stocks, at 
2.38 billion bushels, are up 6 percent from a year ago. The March - May 2017 
indicated disappearance is 3.40 billion bushels, compared with 3.11 billion 
bushels during the same period last year.

Soybeans stored in all positions on June 1, 2017 totaled 963 million bushels, 
up 11 percent from June 1, 2016. On-farm stocks totaled 333 million bushels, 
up 18 percent from a year ago. Off-farm stocks, at 631 million bushels, are 
up 7 percent from a year ago. Indicated disappearance for the 
March - May 2017 quarter totaled 775 million bushels, up 18 percent from the 
same period a year earlier.

Old crop all wheat stored in all positions on June 1, 2017 totaled 
1.18 billion bushels, up 21 percent from a year ago. On-farm stocks are 
estimated at 192 million bushels, down 3 percent from last year. Off-farm 
stocks, at 993 million bushels, are up 28 percent from a year ago. The 
March - May 2017 indicated disappearance is 472 million bushels, up 
19 percent from the same period a year earlier.

Old crop Durum wheat stocks in all positions on June 1, 2017 totaled 
36.3 million bushels, up 31 percent from a year ago. On-farm stocks, at 
18.4 million bushels, are up 51 percent from June 1, 2016. Off-farm stocks 
totaled 17.9 million bushels, up 15 percent from a year ago. The 
March - May 2017 indicated disappearance of 16.7 million bushels is up 
13 percent from the same period a year earlier.

Old crop barley stocks in all positions on June 1, 2017 totaled 108 million 
bushels, up 6 percent from June 1, 2016. On-farm stocks are estimated at 
27.1 million bushels, 2 percent below a year ago. Off-farm stocks, at 
81.0 million bushels, are 9 percent above June 1, 2016. The March - May 2017 
indicated disappearance is 36.7 million bushels, 3 percent above the same 
period a year earlier.

Old crop oats stored in all positions on June 1, 2017 totaled 52.5 million 
bushels, 8 percent below the stocks on June 1, 2016. Of the total stocks on 
hand, 13.5 million bushels are stored on farms, 26 percent below a year ago. 
Off-farm stocks totaled 39.0 million bushels, 1 percent above the previous 
year. Indicated disappearance during March - May 2017 totaled 10.6 million 
bushels, 42 percent below the same period a year ago.

Grain sorghum stored in all positions on June 1, 2017 totaled 85.5 million 
bushels, down 5 percent from a year ago. On-farm stocks, at 8.62 million 
bushels, are down 11 percent from last year. Off-farm stocks, at 76.9 million 
bushels, are down 5 percent from June 1, 2016. The March - May 2017 indicated 
disappearance from all positions is 95.0 million bushels, down 15 percent 
from the same period last year.