July 2, 2007

 

USDA releases quarterly corn, other grain stock reports
 

 

The following table are the estimates (in million acres) for 2007 US acreage report, billions of bushels of grain stocks as of June 1, 2007.

 

The reports were released Friday morning (June 29).

 

ACREAGE

                           Friday's (June 29)         Average             Range                   Plantings            Seedings
                                 USDA  
 
Corn                       92.888                      90.585         89.250 - 91.704             90.454               78.327

 

Soybeans                64.081                      67.838          66.000-69.000              67.140               75.522

 

Other spring wheat  13.144                       13.835          13.400-14.100         13.400-14.100         14.899
 

Durum                    2.225                         1.996            1.900-2.060                 1.990                 1.870
 

All Wheat                60.505                      60.350          60.003-60.660               60.303               57.344

Cotton                    11.058                       11.56             10.75-12.15                 12.15                15.27

 

GRAIN STOCKS

  

                                                2007 Mar 1                                         2006 June 1

                                                  USDA                                                   USDA

  
                                          Friday's (June 29)     Average       Range       Average          Range
                                                USDA

Corn                                          3.534                 3.467     3.397-3.611     6.070             4.362

 

Soybeans                                   1.091                 1.076      0.909-1.120    1.784             0.991
 

Wheat                                        0.456                 0.422      0.405-0.455    0.856             0.571