Farmers responding to the survey indicated that 85 percent of the intended soybean acreage had been planted at the time of the interview compared to an average of 75 percent for the past 10 years. All wheat planted area is estimated at 59.6 million acres, down five percent from 2000. Harvested area is expected to total 49.3 million acres, down seven percent from last year. Area harvested for grain is now expected to total 31.7 million acres, down one percent from the June 1 forecast and 10 percent below the 2000 total. This is the smallest area for grain since 1933.
Planted area is slightly below the previous estimate and five percent below last year's acreage.
This is the largest June 1 level since 1988. On-farm stocks were 290 million bushels, up 18 percent from June 1, 2000. Off-farm stocks, at 371.9 million bushels, were down two percent from a year earlier. The March-May indicated disappearance is 433.2 million bushels, compared to the disappearance of 354.2 million bushels last year. On-farm stocks totaled 61 million bushels, ten percent below the level on June 1, 2000.