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Minnesota's 2012 crop sets records

By from news reports

Date Modified: 02/05/2013 4:21 PM

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Minnesota corn and sugar beets set production records in 2012.

That's among the data released Friday in USDA's Crop Production report.

Corn production for Minnesota is estimated at 1.37 billion bushels, up 14 percent from 2011, according to the Minnesota Field Office of USDA's National Agricultural Statistics Service. This is the state's largest corn production on record.

Yield is estimated at 165 bushels per acre, up nine bushels from 2011. Corn harvested acres, at 8.3 million acres, is up 8 percent, or 630,000 acres from last year. This is the largest area harvested on record.

There's 1.15 billion bushels of grain stored in the state, according to USDA's Grain Stocks report. The majority of grain, 810 million bushels, is stored on farm and that number is unchanged from 2011. Off-farm storage at 340 million bushels as of Dec. 1 is an increase of 30 percent from 2011.

Sugar beet production of 12.3 million tons is up 38 percent from last year and the highest on record. Yield is estimated at 26.5 tons per acre, up 7.5 tons per acre from 2011. Sugar beet acres harvested are 463,000 acres, down 6,000 acres from last year.

Soybean production is estimated at 301 million bushels, up 9 percent from 2011. The estimated yield is 43 bushels per acre, up four bushels from last year. Soybean harvested acres are down 50,000 acres from 2011.

Soybean storage is off 6 percent from 2011. There were 8.96 million bushels of soybeans stored in Minnesota as of Dec. 1.

Wheat storage totaled 65.6 million bushels, up 16 percent from 2011. On-farm stocks accounted for 50 percent of the stored wheat.

Spring wheat production is estimated at 74.7 million bushels in the state for 2012, a gain of 8 percent. Acres harvested is off 13 percent, but the estimated yield, at 57 bushels per acre, is up 11 bushels from 2011.

Alfalfa production was off 35 percent from 2011, with harvested acres down 300,000.

The bevy of reports released by USDA's National Agricutlural Statistics Service offered a couple surprises for the trade.

The reports were nuetral for soybeans, said Mike Krueger of The Money Farm during a Friday morning conference call organized by the Minneapolis Grain Exchange. They were bullish for corn because the quarterly stocks number was 200 million bushels below expectation and for wheat because the trade was looking for an increase in hard red winter wheat acreage that didn't materialize.

Hard red winter wheat acreage is unchanged or slightly larger than last year at 29.1 million acres. The trade was looking for an increase in acres of 1 million to 1.5 million acres, Krueger said. The question now would be why didn't those acres get planted, especially with good crop insurance price guarantees. The logical conclusion, he said, would be the ground was simply too dry to plant.