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Soybeans
Soybeans stored in all positions on March 1, 2011 totaled 1.25 billion bushels, down 2% from March 1, 2010. Soybean stocks stored on farms are estimated at 505 million bushels, down 17% from a year ago. Off-farm stocks, at 744 million bushels, are up 13% from last March. Indicated disappearance for the December 2010-February 2011 quarter totaled 1.03 billion bushels, down 4% from the same period a year earlier.
Soybean planted area for 2011 is estimated at 76.6 million acres, down 1% from last year. If realized, the U.S. planted area will be the third largest on record. Compared with last year, planted acreage declines of 100,000 acres or more are expected in Iowa, Kansas, Mississippi, Nebraska, and Ohio. If realized, the planted area in New York and North Dakota will be the largest on record.
