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Thread: June 30 Report

  1. #1

    June 30 Report

    30 minutes away, so thought I'd start the thread. My bet is the acreage numbers are bigger than expected. However, considering the survey is in early June and flooding is getting worse, we won't know the true story for another 2 months.

  2. #2
    Senior Member Iowa55 is on a distinguished road
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    You need to get out more...going to Chicago doesn't count. Many acres were planted just because of the crop insurance guarentees, with no real hopes of a harvest or proper fertilizer program. But the acres will count in June, just will never amount to much or be harvested.

  3. #3
    Senior Member Iowa55 is on a distinguished road
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    June 30, 2011
    By: AgWeb.com Editors


    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.

    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 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.


    Price rationing is becoming evident ...

  4. #4
    Senior Member MOMOSARIC is on a distinguished road
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    Otherwise, how come the data on acreage? Perhaps the amount of seed sold by seed houses? Someone probably bought the seeds, but whether it has sown? ..

  5. #5
    Senior Member iadave is on a distinguished road
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    Maybe my eyes aren't working right but it looks like more acres than last year in Ohio and the Dakotas. I just don't see how that can be from what I have heard.

  6. #6
    Senior Member Iowa55 is on a distinguished road
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    year......................2010............2011.... .......2010............2011

    North Dakota ....: 2,050 ................... 2,300 .......... 1,880 ......... 2,100
    Ohio ............: 3,450 .................... 3,500 ........... 3,270 ........... 3,320
    Oklahoma ........: 370 .................. 400 .............. 340 ............. 350
    Oregon ..........: 70 75 38 40
    Pennsylvania ....: 1,350 1,400 910 930
    Rhode Island 2/ .: 2 2 (NA) (NA)
    South Carolina ..: 350 360 335 340
    South Dakota ....: 4,550 ................ 5,200 ............... 4,220 ............ 4,800


    I'm pretty sure they are smoking their socks on the Dakota #s Many, Many, Many of those acres are going to be recreational combine driving I was up there two and a half weeks ago and most of the acres were planted just are NOT going to make anything in South Dakota. Not all acres were bad but 75% were hurt and 25% were as good as failed.
    Last edited by Iowa55; 06-30-2011 at 07:58 AM.

  7. #7
    Senior Member LANDBARON is on a distinguished road
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    [I]Recreational combine driving[/I]
    LOL

  8. #8
    Senior Member iadave is on a distinguished road
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    Been there done that. Dump at lunch and supper whether you need to or not.
    So will the market go up or down?
    Last edited by iadave; 06-30-2011 at 08:16 AM.

  9. #9
    Senior Member nlballard is on a distinguished road
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    Markets are not governed any more by reality. It is an opportunity and driven by the big speculators. they drive up markets , then dump a bunch of contracts to make billlions. think soros.

  10. #10
    Senior Member BinswOH is on a distinguished road BinswOH's Avatar
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    I just threw my rose colored glasses into the trash compactor. Just when I thought we might be able to start trusting USDA to get it right they throw us an out of the ball park corn acres number. 92.3 million acres of corn planted? Does this include the deductions from river flooding and preventative plant claims? Ar there that many farmers lieing to us on this forum about how many acres they didn't plant. Are they using estimated seed sales and forgetting to back out the seed sold for replant?

    Or are they assuming they will make it up by lowering the average acre yield to 150? I have too many questions after reading the report this morning.

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