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National Agricultural Statistics ServiceProspective Plantings

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12:00 P.M.

United States Department of Agriculture

National Agricultural Statistics Service

Prospective Plantings Grain Stocks

Rice Stocks

Executive Summary

Lance Honig, Chief Crops Branch

March 29, 2018

(2)

USDA-NASS 3-29-18

Field Crops Stocks

Principal Crops Planted Acres Corn

Feed Grain Acres Soybeans

Food Grain Acres Sorghum

Oilseed Acres Sunflower

Other Crop Acres All Wheat

Barley Oats Rice

Contents

(3)

USDA-NASS

March Ag Survey Off-Farm Grain Stock Survey

Survey Type Farmer Reported Reported

Collection Method Mail, Phone, Internet, Personal Interview

Mail, Phone, Internet, Personal Interview Crops Included Acreage Intentions,

On-Farm Stocks

Grains and Oilseed On Hand

States All Except AK & HI All Except AK, HI, & NV

Sample Size 82,946 ~ 8,500 Facilities

Collection Period Feb 27 – Mar 19 Feb 27 – Mar 19

Survey Overview

(4)

0 10 20 30 40 50 60 70 80 90 100 Percent

Acreage Intentions vs. Actual Planted Acres

Usual Planting Progress

Corn Soybeans

March Survey

June Survey

4 weeks

USDA-NASS 3-29-18

(5)

Year Principal Crops Change From Previous Year Million Acres

2009 319.0 -6.6

2010 315.4 -3.6

2011 314.3 -1.1

2012 324.3 +10.0

2013 324.9 +0.6

2014 326.4 +1.6

2015 319.0 -7.5

2016 319.2 +0.3

2017 319.1 -0.1

2018 318.0 -1.2

Principal Crops Planted Acreage

United States

USDA-NASS

(6)

318

290 295 300 305 310 315 320 325 330 335

1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Million Acres

Principal Crops

United States

Planted Harvested

USDA-NASS 3-29-18

(7)

USDA-NASS

(8)

88.0

60.0 65.0 70.0 75.0 80.0 85.0 90.0 95.0 100.0

1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Million Acres

Corn Acres

United States

Planted Harvested

USDA-NASS 3-29-18

(9)

USDA-NASS

(10)

USDA-NASS 3-29-18 NASS

Estimate

Low

Of Expectations

Average

Of Expectations

High

Of Expectations

87.0 87.5 88.0 88.5 89.0 89.5 90.0 90.5 91.0 91.5

March June Final

Million Acres

2018 United States Corn Acres Industry Expectations vs NASS

NASS Estimate Individual Industry Expectation

(11)

89.0

55.0 60.0 65.0 70.0 75.0 80.0 85.0 90.0 95.0

1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Million Acres

Soybean Acres

United States

Planted Harvested

USDA-NASS

(12)

USDA-NASS 3-29-18

(13)

USDA-NASS NASS

Estimate

Low

Of Expectations

Average

Of Expectations

High

Of Expectations

88.5 89.0 89.5 90.0 90.5 91.0 91.5 92.0 92.5

March June Final

Million Acres

2018 United States Soybean Acres Industry Expectations vs NASS

NASS Estimate Individual Industry Expectation

(14)

USDA-NASS 3-29-18

(15)

13.5

4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0

1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Million Acres

All Cotton Acres

United States

Planted Harvested

USDA-NASS

(16)

USDA-NASS 3-29-18

(17)

12.8 12.9 13.0 13.1 13.2 13.3 13.4 13.5 13.6 13.7

March June Final

Million Acres

2018 United States Cotton Acres

Industry Expectations vs NASS

NASS Estimate Individual Industry Expectation

(18)

32.7

20.0 25.0 30.0 35.0 40.0 45.0 50.0 55.0

1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Million Acres

Winter Wheat Acres

United States

Planted Harvested

USDA-NASS 3-29-18

(19)

USDA-NASS

(20)

USDA-NASS 3-29-18 NASS

Estimate

Low

Of Expectations

Average

Of Expectations

High

Of Expectations

30.0 30.5 31.0 31.5 32.0 32.5 33.0

December March June Final

Million Acres

2018 United States Winter Wheat Acres Industry Expectations vs NASS

NASS Estimate Individual Industry Expectation

(21)

12.6

9.0 11.0 13.0 15.0 17.0 19.0 21.0

1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Million Acres

Other Spring Wheat Acres

United States

Planted Harvested

USDA-NASS

(22)

USDA-NASS 3-29-18

(23)

USDA-NASS NASS

Estimate

Low

Of Expectations

Average

Of Expectations

High

Of Expectations

11.3 11.5 11.7 11.9 12.1 12.3 12.5 12.7

March June Final

Million Acres

2018 United States Other Spring Wheat Acres Industry Expectations vs NASS

NASS Estimate Individual Industry Expectation

(24)

2.00

1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50

1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Million Acres

Durum Wheat Acres

United States

Planted Harvested

USDA-NASS 3-29-18

(25)

USDA-NASS

(26)

USDA-NASS 3-29-18 NASS

Estimate

Low

Of Expectations

Average

Of Expectations

High

Of Expectations

1.90 2.00 2.10 2.20 2.30 2.40 2.50

March June Final

Million Acres

2018 United States Durum Wheat Acres Industry Expectations vs NASS

NASS Estimate Individual Industry Expectation

(27)

USDA-NASS

% Change % Change

From From

Crop Unit March Previous Previous

2018 Estimate Season

Feed Grains

Corn Mil Ac 88.0 NA -2.4

Sorghum Mil Ac 5.93 NA +5.4

Oats Mil Ac 2.72 NA +4.9

Barley Mil Ac 2.29 NA -7.9

March 2018 Prospective Plantings

(28)

USDA-NASS 3-29-18

March 2018 Prospective Plantings

% Change % Change

From From

Crop Unit March Previous Previous

2018 Estimate Season

Food Grains

Wheat, All Mil Ac 47.3 NA +2.9

Wheat, Winter Mil Ac 32.7 +0.3 +<0.1

Wheat, Spring Mil Ac 12.6 NA +14.7

Wheat, Durum Mil Ac 2.00 NA -13.1

Rice Mil Ac 2.69 NA +9.2

(29)

USDA-NASS

% Change % Change

From From

Crop Unit March Previous Previous

2018 Estimate Season

Oilseeds

Soybeans Mil Ac 89.0 NA -1.3

Peanuts Mil Ac 1.54 NA -17.9

Sunflower Mil Ac 1.39 NA -1.3

Canola Mil Ac 2.08 NA -<0.1

Flaxseed Thou Ac 225 NA -25.7

All Cotton Mil Ac 13.5 NA +6.8

March 2018 Prospective Plantings

(30)

USDA-NASS 3-29-18

March 2018 Prospective Plantings

% Change % Change

From From

Crop Unit March Previous Previous

2018 Estimate Season

Other Crops

All Hay Mil Ac 53.7 NA -0.1

Sugarbeets Mil Ac 1.11 NA -1.6

Tobacco Thou Ac 310 NA -3.7

Spring Potatoes Thou Ac 53.0 NA -8.6

Dry Edible Beans Mil Ac 2.03 NA -2.9

Chickpeas Thou Ac 665 NA +7.5

Lentils Thou Ac 791 NA -28.4

Dry Edible Peas Thou Ac 908 NA -19.5

A. Winter Peas Thou Ac 19.0 NA -28.3

Sweet Potatoes Thou Ac 159 NA -1.9

(31)

USDA-NASS Corn, -2,141

Soybeans, -1,160

Peanuts, -334 D Wheat, -303

Barley, -195 Dry Beans, -61

Hay, -58 Sugarbeets, -18 Sunflowers, -18 Tobacco, -12 Potatoes, -5 Canola, -1

W Wheat, 12 Oats, 128

Rice , 227 Sorghum, 306

Cotton, 858

S Wheat, 1,618

Principal Crop Planted Acres (000)

2018 Change From 2017

Harvested Acres for Hay & Tobacco

2018 Estimates Not Available for Proso Millet, Rye, &

Sugarcane.

(32)

USDA-NASS 3-29-18

March 2018 Grain Stocks

% Change % Change

From From

Crop Unit March Previous Previous

2018 Estimate Year

Stocks

Corn Bil Bu 8.89 NA +3.1

Soybeans Bil Bu 2.11 NA +21.2

Sorghum Mil Bu 138 NA -23.5

Sunflower Bil Lbs 1.24 NA -8.4

Rice Mil Cwt 83.4 NA -22.5

(33)

USDA-NASS

% Change % Change

From From

Crop Unit March Previous Previous

2018 Estimate Year

Stocks

All Wheat Bil Bu 1.49 NA -9.9

Barley Mil Bu 129 NA -10.6

Oats Mil Bu 55.1 NA -12.9

March 2018 Grain Stocks

(34)

14.3

13.7

14.7

14.1 13.4

11.7

14.7

15.4

15.3

16.9 16.9

8.89

0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0

07-08 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18

Billion Bushels

Corn Stocks

United States

Supply Dec Mar Jun Sep

USDA-NASS 3-29-18

(35)

USDA-NASS NASS

Estimate

Low

Of Expectations

Average

Of Expectations

High

Of Expectations

8.50 8.55 8.60 8.65 8.70 8.75 8.80 8.85 8.90 8.95 9.00

March

Billion Bushels

2018 United States Corn Stocks Industry Expectations vs NASS

NASS Estimate Individual Industry Expectation

(36)

3.25 3.17

3.50 3.48 3.31

3.21

3.50

4.02 4.12

4.49

4.69

2.11

0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00

07-08 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18

Billion Bushels

Soybean Stocks

United States

Supply Dec Mar Jun Sep

USDA-NASS 3-29-18

(37)

USDA-NASS NASS

Estimate

Low

Of Expectations

Average

Of Expectations

High

Of Expectations

1.80 1.85 1.90 1.95 2.00 2.05 2.10 2.15

March

Million Acres

2018 United States Soybean Stocks

Industry Expectations vs NASS

NASS Estimate Individual Industry Expectation

(38)

2.51

2.82 2.87

3.14

2.86 2.99 2.85

2.62

2.81

3.49

2.92

1.49

0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00

07-08 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18

Billion Bushels

All Wheat Stocks

United States

Supply Sep Dec Mar Jun

USDA-NASS 3-29-18

(39)

USDA-NASS NASS

Estimate

Low

Of Expectations

Average

Of Expectations

High

Of Expectations

1.45 1.50 1.55 1.60 1.65

March

Billion Bushels

2018 United States All Wheat Stocks Industry Expectations vs NASS

NASS Estimate Individual Industry Expectation

(40)

233 228

245

273

227

236

220

249

235

263

217

83.4

0 50 100 150 200 250 300

07-08 08-09 09-10 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18

Million Hundredweight

Rough Rice Stocks

United States

Supply Dec Mar Jun Aug

USDA-NASS 3-29-18

(41)

USDA-NASS

Release Date Report Title

March 29 Quarterly Hogs and Pigs

April 2 CAIR: Grain Crushings, Fats & Oils, and Cotton System Crop Progress

April 10 Crop Production

April 20 Cattle on Feed

April 27 Agricultural Prices

Upcoming Reports

(42)

USDA-NASS 3-29-18

(43)

USDA-NASS

(44)

USDA-NASS 3-29-18

(45)

United States Department of Agriculture

National Agricultural Statistics Service

All Reports Available At

www.nass.usda.gov

For Questions

202-720-2127 800-727-9540

[email protected]

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