Signup to receive email updates




or follow our RSS feed

Blog Archives

288 Total Posts

follow our RSS feed

Blog Banner

Around the County

Frequent information updates for agricultural audiences

Acreage Report and Stocks Report

Posted by John Fulton -

Here are Excerpts from the "Extension Update" newsletter:

  • USDA's Acreage Report today indicated 92.888 mil. acres of corn were planted this spring, up 19% from 2006, and above the range of 89.85 and 91.70 million acres expected by the market. USDA also reported 64.081 mil. acres of soybeans were planted this year, down 15% from the 2006 crop. That is well below the 66 to 69 mil. acre range expected by the market. The report was bullish for soybeans and bearish for corn.
  • USDA also released the Quarterly stocks report. Corn stocks were reported at 3.53 bil. bu. which is down 19% the 4.362 bil. bushels a year ago. Bean stocks were estimated at 1.09 bil. bu. which is up 10% from the 991 mil. bu. a year ago. Wheat stocks are estimated at 456 mil. bu. which is a 20% decline from the 572 mil. of a year ago.


Please share this article with your friends!
Share on Facebook Tweet on Twitter