USDA Planted Acres Report

Early trade reaction is higher for grains and soybeans. We have comments from analyst Jack Scoville reacting to today's reports.

John Hawkins

Published: Jun 29, 2012

Corn planted area for all purposes in 2012 is estimated at 96.4 million acres, up 5 percent from last year and represents the highest planted acreage in the United States since 1937 when an estimated 97.2 million acres were
planted. Growers expect to harvest 88.9 million acres for grain, up 6 percent from last year.

Soybean planted area for 2012 is estimated at 76.1 million acres, up 1 percent from last year and is the third highest on record. Area for harvest, at 75.3 million acres, is up 2 percent from 2011. Record high planted acreage is estimated in New York, North Dakota, and Pennsylvania, and the planted area in South Dakota ties the previous record high.

All wheat planted area is estimated at 56.0 million acres, up 3 percent from 2011. The 2012 winter wheat planted area, at 41.8 million acres, is up 3 percent from last year and up slightly from the previous estimate. Of this total, about 30.0 million acres are Hard Red Winter, 8.3 million acres are Soft Red Winter, and 3.5 million acres are White Winter. Area planted to other spring wheat for 2012 is estimated at 12.0 million acres, down 3 percent from 2011. Of this total, about 11.4 million acres are Hard Red Spring wheat. Durum planted area for 2012 is estimated at 2.20 million acres, up 61 percent from the previous year.

Illinois acreage

Illinois farmers planted 13.0 million acres of corn this spring, up 400,000 acres from 2011. Soybean acres were down by 300,000 acres to 8.6 million acres.

Acreage numbers are in millions of acres; grain stocks in billions of bushels.

Planted Acres

USDA June Trade Avg. Range USDA March USDA 2011

Corn 96.4 95.962 94.300-96.759 95.864 91.921

Soybeans 76.1 75.575 74.500-76.540 73.902 74.976

Spring Wheat 12.0 12.656 12.000-13.476 11.976 12.394

Durum Wheat 2.203 2.299 2.176-2.450 2.223 1.369

All Wheat 56.0 56.851 55.900-59.344 55.908 54.409

Grain Stocks

USDA June Trade Avg. Range USDA March USDA Jun 2011

Corn 3.148 3.182 2.982-3.500 6.009 3.670

Soybeans 0.667 0.640 0.595-0.662 1.372 0.619

Wheat 0.743 0.726 0.705-0.748 1.201 0.862

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Comments

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Please provide the answer to the following question:

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What about all the dcsb not going into the ground, not coming up, or dieing in the field? What about all the flooding in the northern tier states? What about all the prevented planting? Unplanted acres from the flooding the last few years? Someone forget these?
Anonymous on 6/28/2012 9:27:00 PM

So What
Anonymous on 6/28/2012 7:46:00 PM

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