The Essential Numbers in USDA's June 30 Reports

June 30, 2016 11:42 AM
 
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Here are the key numbers from Thursday’s release of the Acreage and quarterly Grain Stocks reports:

Corn

USDA says farmers planted 94.1 million acres of corn this spring, which is more that the average trade estimate of 92.896 million acres. That's the third-highest corn planted acreage in the U.S. since 1944, according to USDA. It’s also a half-million more acres than farmers said they would plant in March, when USDA pegged corn planting intentions at 93.601 million acres. Corn stocks as of June 1 also rose, hitting 4.72 billion bushels compared to the average trade guess of 4.52 billion bushels.

Corn: Actual Acres vs. March Estimates

 

Farmers planted a half-million more acres of corn than USDA originally estimated in March. © Christopher Walljasper/Farm Journal

 

Soybeans

USDA says farmers planted a record high 83.7 million acres of soybeans, which is less than the average trade estimate of 83.834 million acres. That's up from the March Prospective Plantings report, which projected 82.236 acres of soybeans would be planted this spring. Soybean stocks as of June 1 were also higher than expected at 870 million bushels versus the average trade guess of 829 million bushels.

Soybeans: Actual Acres vs. March Estimates

 

Farmers planted 1.4 million more acres of soybeans than USDA originally estimated in March. © Christopher Walljasper/Farm Journal

 

Wheat

USDA says farmers planted 50.8 million all-wheat acres, which is higher than the average trade estimate of 49.869 million acres. It, too, beats USDA's March Prospective Plantings estimate of 49.599 million acres for all wheat. Wheat stocks as of June 1 were as expected with 981 million bushels compared to the average trade estimate of 982 million bushels.

 

Farmers planted 1.2 million more acres of wheat than USDA originally estimated in March. © Christopher Walljasper/Farm Journal

 

Watch AgWeb for continuing coverage of today’s Acreage and Grain Stocks reports. 

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Comments

 
Spell Check

Richard
Hamptonville, NC
7/1/2016 10:22 AM
 

  That's normal for the USDA. The math don't add up!

 
 
What the hell
Here today gone tomorr, MN
6/30/2016 08:31 PM
 

  Um, so we planted 6 million more acres of corn than last year, almost 1 million more acres of beans, almost 2 million more acres of cotton. Sounds kind of fishy when wheat is only down about 2 million acres and everywhere you look you see crp being put back in. USDA might not be quite accurate in my opinion

 
 
AgWeb Editor
Mexico, MO
7/5/2016 08:39 AM
 

  Some of the comments on this article were deleted because they were not in line with AgWeb’s code of conduct. Comments insulting any person or groups of people are not permitted on this site, and will be removed as they are discovered.

 
 
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