Monthly Archives: June 2011
Corn planted area for all purposes in 2011 is estimated at 92.3 million acres, up 5 percent from last year, and the second
highest planted acreage in the United States since 1944, behind only the 93.5 million acres planted in 2007. Growers
expect to harvest 84.9 million acres for grain, up 4 percent from last year.
Corn stocks in all positions on June 1, 2011 totaled 3.67 billion bushels, down 15 percent from June 1, 2010. Of the total stocks, 1.68 billion bushels are stored on farms, down 21 percent from a year earlier. Off-farm stocks, at 1.99 billion bushels, are down 9 percent from a year ago. The March – May 2011 indicated disappearance is 2.85 billion bushels, compared with 3.38 billion bushels during the same period last year.
Soybean planted area for 2011 is estimated at 75.2 million acres, down 3 percent from last year. Area for harvest, at
74.3 million acres, is also down 3 percent from 2010. Record high planted acreage is estimated in New York and North
Soybeans stored in all positions on June 1, 2011 totaled 619 million bushels, up 8 percent from June 1, 2010. On-farm stocks totaled 218 million bushels, down 6 percent from a year ago. Off-farm stocks, at 401 million bushels, are up 19 percent from a year ago. Indicated disappearance for the March – May 2011 quarter totaled 630 million bushels, down 10 percent from the same period a year earlier.
All wheat planted area is estimated at 56.4 million acres, up 5 percent from 2010. The 2011 winter wheat planted area, at
41.1 million acres, is up 10 percent from last year. Of this total, about 29.1 million acres are Hard Red Winter, 8.3 million
acres are Soft Red Winter, and 3.7 million acres are White Winter. Area planted to other spring wheat for 2011 is
estimated at 13.6 million acres, down 1 percent from 2010. Of this total, about 12.9 million acres are Hard Red Spring
wheat. Durum planted area for 2011 is estimated at 1.70 million acres, down 34 percent from the previous year. Flooding
in the Dakotas reduced acres planted to other spring and Durum wheat.
All wheat stored in all positions on June 1, 2011 totaled 861 million bushels, down 12 percent from a year ago. On-farm stocks are estimated at 131 million bushels, down 38 percent from last year. Off-farm stocks, at 730 million bushels, are down 5 percent from a year ago. The March – May 2011 indicated disappearance is 565 million bushels, up 48 percent from the same period a year earlier.
All cotton planted area for 2011 is estimated at 13.7 million acres, 25 percent above last year. Upland acreage is estimated
at 13.4 million acres, up 25 percent from 2010. American Pima acreage is estimated at 289,000 acres, up 42 percent from
The annual Cattle Trails Wheat and Stocker Conference will be held Aug. 5 at the Comanche County Fairgrounds Coliseum, 920 South Sheridan Road, in Lawton, Okla.
On Wednesday I noted that the US Senate voted to kill the Coburn amendment, which would have eliminated the 45 cent blenders credit. Then yesterday, the senate voted 73-27 on an amendment that would kill the subsidy but only if it is attached to ‘green engine’ bill that has no chance of passing . Fifteen minutes later, the Senate voted down a bill that would have ended federal aid for ethanol blender pumps and storage facilities.
It seems like congress really doesn’t want to endanger the benefits they recieve from a strong corn growers lobby and livestock producers will pay the price.
To help producers develop strategies to deal with this current drought, a Drought Strategies Conference is being held on Tuesday, June 21 in Wichita County from 12:30 p.m. to 4:30 p.m. The program will be held at the Iowa Park Recreational Activities Center at 806 North Third Street in Iowa Park. Registration is $15 and pre-registration is requested by Friday, June 17.
The CME daily report noted that US Senate rejected the cloture motion which would have allowed the Coburn amendment to proceed. The amendment would have eliminated as of July 1, 2011 the 45 cent tax credit US refiners receive for using US ethanol. The program costs US tax payers about $6 billion a year and given recent debates about the budget and the debt ceiling, there was some speculation the Coburn amendment would pass. The sharp selloff in corn futures on Tuesday was partly attributed to this expectation. But the cloture motion was rejected by 20 votes indicating
that the corn growers lobby is still powerful the US Congress.
Hot, dry and windy weather persisted across the region. All aspects of agriculture were suffering. Wildfire danger continued to be very high. The wheat harvest was finished, with lower-than-normal yields reported.
Both irrigated and dryland cotton producers continued to plant. Alfalfa producers were heavily irrigating due to lack of moisture. Hay prices were up due to increased input prices and high demand. Pastures were in poor to very poor condition. Ranchers were being forced to sell off cattle or invest in more acreage for grazing. Some producers who hadn’t culled herds had to haul water in for cattle.
OnFriday, June 10 local horse enthusiasts joined members of the Wichita Extension Horse Committee and local officials in the ground-breaking for the new “Pony Express Warm-up Arena” at the J.S. Bridwell Arena in Wichita Falls.