USDA: Corn stocks, prospective acres up
March 16, 2010
BY Susanne Retka Schill
Posted March 31, 2010
Corn and soybean acres are both up in the USDA's March 31 prospective plantings report. The grain stocks report released the same day added to the bearish news for corn growers with corn stocks reported 11 percent higher than the previous year.
Corn growers intend to plant 88.8 million acres of corn for all purposes in 2010, up 3 percent from both last year and 2008. Expected acreage is up in many states due to reduced winter wheat acreage and expectations of improved net returns. Acreage increases of 300,000 or more are expected in Illinois, Kansas, Missouri and Ohio. The largest decreases are expected in Iowa, down 200,000 acres, and Texas, down 150,000 acres.
Soybean producers intend to plant 78.1 million acres in 2010, up less than 1 percent from last year. If realized, the United States planted area will be the largest on record. Acreage increases of 100,000 or more are expected in Illinois, Iowa, Kansas, Nebraska, North Dakota and South Dakota. The largest decreases are expected in Georgia and North Carolina, both 150,000 acres less than 2009. If intentions are realized, the planted acreage in Kansas, North Dakota, and Pennsylvania will be the largest on record.
Corn stocks in all positions on March 1, 2010 totaled 7.69 billion bushels, up 11 percent from March 1, 2009. Of the total stocks, 4.55 billion bushels are stored on farms, up 11 percent from a year earlier. Off-farm stocks, at 3.15 billion bushels, are up 10 percent from a year ago. The December 2009 - February 2010 indicated disappearance is 3.23 billion bushels, compared with 3.12 billion bushels during the same period last year.
Soybeans stored in all positions on March 1, 2010 totaled 1.27 billion bushels, down 2 percent from March 1, 2009. Soybean stocks stored on farms are estimated at 609 million bushels, down 7 percent from a year ago. Off-farm stocks, at 661 million bushels, are up 2 percent from last March. Indicated disappearance for the December 2009 - February 2010 quarter totaled 1.07 billion bushels, up 10 percent from the same period a year earlier.
Corn and soybean acres are both up in the USDA's March 31 prospective plantings report. The grain stocks report released the same day added to the bearish news for corn growers with corn stocks reported 11 percent higher than the previous year.
Corn growers intend to plant 88.8 million acres of corn for all purposes in 2010, up 3 percent from both last year and 2008. Expected acreage is up in many states due to reduced winter wheat acreage and expectations of improved net returns. Acreage increases of 300,000 or more are expected in Illinois, Kansas, Missouri and Ohio. The largest decreases are expected in Iowa, down 200,000 acres, and Texas, down 150,000 acres.
Soybean producers intend to plant 78.1 million acres in 2010, up less than 1 percent from last year. If realized, the United States planted area will be the largest on record. Acreage increases of 100,000 or more are expected in Illinois, Iowa, Kansas, Nebraska, North Dakota and South Dakota. The largest decreases are expected in Georgia and North Carolina, both 150,000 acres less than 2009. If intentions are realized, the planted acreage in Kansas, North Dakota, and Pennsylvania will be the largest on record.
Corn stocks in all positions on March 1, 2010 totaled 7.69 billion bushels, up 11 percent from March 1, 2009. Of the total stocks, 4.55 billion bushels are stored on farms, up 11 percent from a year earlier. Off-farm stocks, at 3.15 billion bushels, are up 10 percent from a year ago. The December 2009 - February 2010 indicated disappearance is 3.23 billion bushels, compared with 3.12 billion bushels during the same period last year.
Soybeans stored in all positions on March 1, 2010 totaled 1.27 billion bushels, down 2 percent from March 1, 2009. Soybean stocks stored on farms are estimated at 609 million bushels, down 7 percent from a year ago. Off-farm stocks, at 661 million bushels, are up 2 percent from last March. Indicated disappearance for the December 2009 - February 2010 quarter totaled 1.07 billion bushels, up 10 percent from the same period a year earlier.
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