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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

United States Department of Agriculture National … 3-29-18 Field Crops Stocks Principal Crops Planted Acres Corn Feed Grain Acres Soybeans Food Grain Acres Sorghum Oilseed Acres

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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

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

USDA-NASS

3-29-18

March Ag SurveyOff-Farm Grain

Stock Survey

Survey Type Farmer Reported Reported

Collection MethodMail, Phone, Internet,

Personal Interview

Mail, Phone, Internet,

Personal Interview

Crops IncludedAcreage 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

0

10

20

30

40

50

60

70

80

90

100

Percent

Acreage Intentions vs. Actual Planted AcresUsual Planting Progress

Corn Soybeans

March Survey

June Survey

4 weeks

USDA-NASS

3-29-18

Year Principal CropsChange 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 AcreageUnited States

USDA-NASS

3-29-18

318

290

295

300

305

310

315

320

325

330

335

1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

Million AcresPrincipal Crops

United States

Planted HarvestedUSDA-NASS

3-29-18

USDA-NASS

3-29-18

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 AcresCorn AcresUnited States

Planted Harvested

USDA-NASS

3-29-18

USDA-NASS

3-29-18

USDA-NASS

3-29-18

NASSEstimate

LowOf Expectations

AverageOf Expectations

HighOf 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 AcresIndustry Expectations vs NASS

NASS Estimate Individual Industry Expectation

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 AcresSoybean Acres

United States

Planted Harvested

USDA-NASS

3-29-18

USDA-NASS

3-29-18

USDA-NASS

3-29-18

NASSEstimate

LowOf Expectations

AverageOf Expectations

HighOf 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 AcresIndustry Expectations vs NASS

NASS Estimate Individual Industry Expectation

USDA-NASS

3-29-18

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 AcresAll Cotton Acres

United States

Planted Harvested

USDA-NASS

3-29-18

USDA-NASS

3-29-18

12.8

12.9

13.0

13.1

13.2

13.3

13.4

13.5

13.6

13.7

March June Final

Million Acres2018 United States Cotton AcresIndustry Expectations vs NASS

NASS Estimate Individual Industry Expectation

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 AcresWinter Wheat Acres

United States

Planted Harvested

USDA-NASS

3-29-18

USDA-NASS

3-29-18

USDA-NASS

3-29-18

NASSEstimate

LowOf Expectations

AverageOf Expectations

HighOf 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 AcresIndustry Expectations vs NASS

NASS Estimate Individual Industry Expectation

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 AcresOther Spring Wheat Acres

United States

Planted Harvested

USDA-NASS

3-29-18

USDA-NASS

3-29-18

USDA-NASS

3-29-18

NASSEstimate

LowOf Expectations

AverageOf Expectations

HighOf 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 AcresIndustry Expectations vs NASS

NASS Estimate Individual Industry Expectation

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 AcresDurum Wheat Acres

United States

Planted Harvested

USDA-NASS

3-29-18

USDA-NASS

3-29-18

USDA-NASS

3-29-18

NASSEstimate

LowOf Expectations

AverageOf Expectations

HighOf 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 AcresIndustry Expectations vs NASS

NASS Estimate Individual Industry Expectation

USDA-NASS

3-29-18

% 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

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

USDA-NASS

3-29-18

% 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

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

USDA-NASS

3-29-18

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.

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

USDA-NASS

3-29-18

% 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

14.313.7

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 BushelsCorn Stocks

United States

Supply Dec Mar Jun Sep

USDA-NASS

3-29-18

USDA-NASS

3-29-18

NASSEstimate

LowOf Expectations

AverageOf Expectations

HighOf 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 StocksIndustry Expectations vs NASS

NASS Estimate Individual Industry Expectation

3.253.17

3.50 3.48 3.31

3.21

3.50

4.024.12

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 BushelsSoybean Stocks

United States

Supply Dec Mar Jun Sep

USDA-NASS

3-29-18

USDA-NASS

3-29-18

NASSEstimate

LowOf Expectations

AverageOf Expectations

HighOf Expectations

1.80

1.85

1.90

1.95

2.00

2.05

2.10

2.15

March

Million Acres2018 United States Soybean Stocks

Industry Expectations vs NASS

NASS Estimate Individual Industry Expectation

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 BushelsAll Wheat Stocks

United States

Supply Sep Dec Mar Jun

USDA-NASS

3-29-18

USDA-NASS

3-29-18

NASSEstimate

LowOf Expectations

AverageOf Expectations

HighOf Expectations

1.45

1.50

1.55

1.60

1.65

March

Billion Bushels

2018 United States All Wheat StocksIndustry Expectations vs NASS

NASS Estimate Individual Industry Expectation

233228

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 HundredweightRough Rice Stocks

United States

Supply Dec Mar Jun Aug

USDA-NASS

3-29-18

USDA-NASS

3-29-18

Release Date Report Title

March 29 Quarterly Hogs and Pigs

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

Crop Progress

April 10 Crop Production

April 20 Cattle on Feed

April 27 Agricultural Prices

Upcoming Reports

USDA-NASS

3-29-18

USDA-NASS

3-29-18

USDA-NASS

3-29-18

United States Department of Agriculture

National Agricultural Statistics Service

All Reports Available Atwww.nass.usda.gov

For Questions202-720-2127

800-727-9540

[email protected]