Soybean Update featuring Nick Streff

(Jamie) Welcome back to Farm Factor and the Kansas Soybean Update.
(Greg Akagi) This is the Kansas Soybean Update. It’s brought to you by the Kansas Soybean Commission. The Soybean Checkoff, Progress Powered by Kansas Farmers. Nick Streff, Deputy Director of USDA’s National Ag Statistics Service, Northern Plains office, joins us. And Nick, we’re seeing a really good crop, condition -wise, here in the state of Kansas for Kansas soybeans. (Nick Streff) Yes, that is correct. Soybean condition, rated as of October 16th, Kansas soybeans are looking at 71% in that good to excellent category. (Greg) And that leads us to the fact that the soybean harvest is underway and it’s anticipated that Kansas is going to be harvesting a record amount of soybeans this year. (Nick) That is correct. Looking at our crop production report, soybean production is forecast at a record 180 million bushel this year for Kansas. That is up 21% from last year. And yield is forecast at 45% bushels per acre, which if realized, this will be a record yield as well. (Greg) Now having said all that, and as we look at grain stocks report, that’s one thing to look at, then as important this year is storage. How are we looking on that? (Nick) On the storage side of things, our September grain stocks report showed that for Kansas, on soybeans, we’re roughly sitting at about 5.3 million bushels in storage. That’s down 41% from the previous year, so on the soybean side of things, down from last year, but if we look at overall storage, because of a larger wheat crop and a larger sorghum crop last year, Kansas storage capacity is actually up 34% from last year, and that’s capacity being used. (Greg) Couple of factors within all this as well is that we are a bit behind in Kansas, as far as the harvest, but, at the same time, we’ve not seen a year like this as far as the amount of rain in some of the portions of the soybean growing areas. (Nick) Correct, yes. On the harvest side of things, as you mentioned, Kansas is behind. As of our crop progress report, we’re sitting at 27% harvested, which was behind the average of 45% for this time of year. (Greg) And the storage issues of course, a lot more on-farm storage has been built here the past several years, and that has proven to be pretty effective and very helpful in regards to some of these record crops that we’ve been growing, not only in soybeans, but in other crops as well. (Nick) Yes, that is correct and also, USDA National did a handle on that extra storage capacity in our December report, when we actually released a total capacity of storage for Kansas. (Greg) Hey Nick, we appreciate your time. Thank you very much. (Nick) Thank you. (Greg) That is Nick Streff, Deputy Director of USDA’s National Ag Statistic Service, Northern Plains office, as he joins us on the Kansas Soybean Update. It’s brought to you by the Kansas Soybean Commission. The Soybean Checkoff, Progress Powered by Kansas Farmers. Learn more at kansassoybeans.org. For Kansas Soybeans, I’m Greg Akagi.
(Jamie) Hope you enjoyed this week’s Kansas Soybean Update! Stay with us after the break for more Farm Factor with Kyle and Bill Hollenbeck.

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