July 10, 2003

Missouri Corn Acreage Up 5%, Soybeans Down 2%

"Missouri farmers planted most crops on schedule except for interruptions by heavy rains in early May", said Gene Danekas, State Statistician. Corn plantings were indicated at 2.95 million acres, based on a survey of producers completed in early June. This is 5 percent more than last year and 9 percent above 2 years ago.

Corn planting was a few days ahead of schedule until early May when heavy rains delayed progress but planting reached virtual completion by late May.

Corn acres for grain are forecast at 2.85 million, 6 percent more than in 2002. As of

June 22 most of the crop was in fair to excellent condition with 6 percent silked, close to normal.

Soybean acres in Missouri were indicated at 4.95 million, 2 percent less than last year. Harvested acres are expected to total 4.90 million, also 2 percent below 2002. About 9 percent of the soybeans had not been planted as of June 22 with much of that being double-crop beans following wheat. Some of the flood-damaged soybean fields, particularly in the southeastern counties were re-planted during the past 2 weeks.

Missouri winter wheat producers are expected to harvest 780,000 of the 880,000 acres planted last fall. If realized, the harvested acreage would be up 3 percent from last year. As of June 22 the wheat harvest was a few days behind average but progress is well along in the southern counties and spreading throughout the rest of the State.

Corn planted area for all purposes in the U.S. is estimated at 79.1 million acres, virtually unchanged from 2002 but 4 percent above 2001. Growers expect to harvest 72.0 million acres for grain, up 4 percent from 2002. Farmers increased corn plantings 44,000 acres from their March intentions.

The 2003 soybean planted area in the United States is estimated at 73.7 million acres, down 105,000 acres from last year, and if realized, the lowest planted area since 1998. This is the third consecutive year that soybean planted acres have declined in the United States. Area for harvest is estimated at 72.7 million acres, up 1 percent from 2002. The planted acreage is up 471,000 acres from the March Prospective Plantings report.

The Nation's all wheat planted area is estimated at 60.9 million acres, up 1 percent from 2002. Harvested area is expected to total 52.7 million acres, up 15 percent from last year. The 2003 winter wheat planted area, at 44.3 million acres, is 6 percent above last year, but virtually unchanged from the previous estimate. Area harvested for grain is estimated at 36.5 million acres, up fractionally from the June 1 forecast and 23 percent above the 2002 total.

Missouri soybean stocks in all positions on June 1, 2003 totaled 29.9 million bushels, 13 percent less than a year earlier. On-farm stocks totaled 16 million bushels, while 13.9 million bushels were held in commercial facilities.

Total corn in all positions in the State on June 1 amounted to 69.7 million bushels, 21 percent below a year earlier. On farm stocks accounted for 45 million bushels, while off-farm corn totaled 24.7 million bushels.

June 1, 2003 stocks of old-crop wheat in Missouri totaled 7.25 million bushels, 48 percent less than a year earlier. About 250,000 bushels were on farms and 7 million bushels were held off-farm.

Soybeans stored in all positions in the United States on June 1, 2003 totaled 602 million bushels, down 12 percent from June 1, 2002. On-farm stocks totaled 273 million bushels, down 10 percent from a year ago. Off-farm stocks, at 330 million bushels, are down 14 percent from a year ago.

Corn stocks in the U.S. in all positions on June 1, 2003 totaled 2.98 billion bushels, down 17 percent from June 1, 2002. Of the total stocks, 1.62 billion bushels are stored on farms, down 20 percent from a year earlier. Off-farm stocks, at 1.36 billion bushels, are down 13 percent from the previous year.

All wheat stored in the U.S. in all positions on June 1, 2003 totaled 492 million bushels, down 37 percent from a year ago. On-farm stocks are estimated at 132 million bushels, down 39 percent from last year. Off-farm stocks, at 360 million bushels, are down 36 percent from a year ago.

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