Agricultural News
Oklahoma Spring Planted Crops Hammered By Exceptional Summer Drought of 2011
Thu, 11 Aug 2011 10:09:41 CDT
On Thursday morning, USDA released the latest Crop Production report showing wheat, corn and soybeans all coming in with lower numbers than expected.
The corn crop is pegged at 12.914 billion bushels and also lowered the yield number to 153 bushels per acre, both numbers much lower than what the trade was expecting.
The soybean crop also came in lower at 3.056 billion and a yield of 41.4 bushels per acre.
The new crop ending stocks also came in lower for the corn and soybeans but all wheat came in as expected. This morning's numbers look friendly for the markets today, however, a lot could depend on outside market influence such as the DOW.
In Oklahoma, the spring planted crops were hit very hard by the exceptional drought here in 2011.
Here are some of the key numbers from the 2011 Oklahoma crops- as well as our hay production for 2011.
Cotton- The 2010 harvest in Oklahoma was 422,000 bales- this year it's projected to be 85,000 bales, an 80% reduction in production.
Grain Sorghum- OKlahoma produced 13 million bushels a year ago- the forecast for this year- 3.77 million bushels- a drop of 71%.
Soybeans- The 2010 Oklahoma crop was 11.875 million bushels- this year's crop is seen as being 56% lower at 5.2 million bushels.
Corn- The corn crop in Oklahoma is pegged this season at 21.25 million bushels, 52% under the 44.2 million bushels of last season.
Peanuts- This is truly the bright spot for Oklahoma spring crop production in 2011- the USDA projects this year's crop as coming in less than oen percent under the 2010 crop of 67,200,000 pounds- this year's crop is guesstimated at 66,700,000 pounds.
The Alfalfa hay crop this season is estimated 56% under the 2010 crop- in 2010 total alfalfa production was just over a million tons- this year the crop is expected to total 450,000 tons.
Likewise- the all other hay category is stumbling along fully 56% less than at this point in 2010- Oklahoma produced 4.9 million tons of hay last season- the hay total tonnage this season is expected to end up at 2.16 million tons.
Click here for the full report from the USDA and NASS on the August first crop numbers.
Click here for the USDA World Agricultural Supply and Demand Estimates as released Thursday morning.
You can hear Ron Hays break down this morning's Oklahmoa numbers by clicking on the listen bar below.
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