201314 Crop Market Outlook Pro Ag Meeting Carroll
- Slides: 24
2013/14 Crop Market Outlook Pro. Ag Meeting Carroll, IA Nov. 12, 2013 Chad Hart Associate Professor/Crop Markets Specialist chart@iastate. edu 515 -294 -9911 Extension and Outreach/Department of Economics
U. S. Corn Supply and Use 2009 2010 2011 2012 2013 86. 4 88. 2 91. 9 97. 2 95. 3 Area Planted (mil. acres) Yield (bu. /acre) 164. 7 152. 8 147. 2 123. 4 160. 4 Production (mil. bu. ) 13, 092 12, 447 12, 360 10, 780 13, 989 Beg. Stocks (mil. bu. ) 1, 673 1, 708 1, 128 989 824 Imports (mil. bu. ) 8 28 29 162 25 Total Supply (mil. bu. ) 14, 774 14, 182 13, 517 11, 932 14, 837 Feed & Residual (mil. bu. ) 5, 125 4, 795 4, 557 4, 333 5, 200 Ethanol (mil. bu. ) 4, 591 5, 019 5, 000 4, 648 4, 900 Food, Seed, & Other (mil. bu. ) 1, 370 1, 407 1, 428 1, 396 1, 450 Exports (mil. bu. ) 1, 980 1, 834 1, 543 731 1, 400 Total Use (mil. bu. ) 13, 066 13, 055 12, 528 11, 108 12, 950 Ending Stocks (mil. bu. ) 1, 708 1, 128 989 824 1, 887 3. 55 5. 18 6. 22 6. 89 4. 50 Season-Average Price ($/bu. ) Source: USDA-WAOB Extension and Outreach/Department of Economics
U. S. Soybean Supply and Use 2009 2010 2011 2012 2013 Area Planted (mil. acres) 77. 5 77. 4 75. 0 77. 2 76. 5 Yield (bu. /acre) 44. 0 43. 5 41. 9 39. 8 43. 0 Production (mil. bu. ) 3, 359 3, 329 3, 094 3, 034 3, 258 Beg. Stocks (mil. bu. ) 138 151 215 169 141 Imports (mil. bu. ) 15 14 16 36 15 Total Supply (mil. bu. ) 3, 512 3, 495 3, 325 3, 239 3, 413 Crush (mil. bu. ) 1, 752 1, 648 1, 703 1, 689 1, 685 Seed & Residual (mil. bu. ) 110 130 88 90 109 Exports (mil. bu. ) 1, 499 1, 501 1, 365 1, 320 1, 450 Total Use (mil. bu. ) 3, 361 3, 280 3, 155 3, 098 3, 243 Ending Stocks (mil. bu. ) 151 215 169 141 170 9. 59 11. 30 12. 50 14. 40 12. 15 Season-Average Price ($/bu. ) Source: USDA-WAOB Extension and Outreach/Department of Economics
Source: USDA-NASS Extension and Outreach/Department of Economics
Projected Corn Yields Top: 2013 Projected Yield Bottom: Change from last month Units: Bushels/acre Source: USDA-NASS Extension and Outreach/Department of Economics
Early Reports on Corn Yields Source: Ag. Web. com Extension and Outreach/Department of Economics
Projected Soybean Yields Top: 2013 Projected Yield Bottom: Change from last month Units: Bushels/acre Source: USDA-NASS Extension and Outreach/Department of Economics
Early Reports on Soybean Yields Source: Ag. Web. com Extension and Outreach/Department of Economics
World Corn Production Source: USDA-WAOB Extension and Outreach/Department of Economics
World Soybean Production Source: USDA-WAOB Extension and Outreach/Department of Economics
U. S. Meat Production & Prices Source: USDA-WAOB Extension and Outreach/Department of Economics
Corn Export Shifts Source: USDA-FAS Extension and Outreach/Department of Economics
Corn Export Sales Source: USDA-FAS Extension and Outreach/Department of Economics
Soy Export Shifts Source: USDA-FAS Extension and Outreach/Department of Economics
Soybean Export Sales Source: USDA-FAS Extension and Outreach/Department of Economics
Corn Grind for Ethanol Extension and Outreach/Department of Economics
Source: DOE-EIA, Annual Energy Outlook Extension and Outreach/Department of Economics
Current Corn Futures 4. 42 4. 31 4. 13 Source: CME Group, 11/8/2013 Extension and Outreach/Department of Economics
Current Soybean Futures 12. 21 10. 99 10. 84 Source: CME Group, 11/8/2013 Extension and Outreach/Department of Economics
New Crop Prices Extension and Outreach/Department of Economics
Crop Acreage Source: USDA-NASS Extension and Outreach/Department of Economics
Crop Shifts Source: USDA-NASS Extension and Outreach/Department of Economics
Thoughts for 2014 and Beyond ØSupply/demand concerns ØCorn demand rebounding? Yes, so far, so good ØAcreage allocation for 2014: Where do the extra corn acres go? ØMarkets favoring soybeans in the short term and corn longer term Corn Soybeans 2012/13 USDA 2013/14 USDA $6. 89 $14. 40 $4. 50 $12. 15 Extension and Outreach/Department of Economics 2013/14 Futures (11/8/13) $4. 13 $12. 21
Thank you for your time! Any questions? My web site: http: //www. econ. iastate. edu/~chart/ Iowa Farm Outlook: http: //www. econ. iastate. edu/ifo/ Ag Decision Maker: http: //www. extension. iastate. edu/agdm/ Extension and Outreach/Department of Economics
- Outlook incentive travel
- Job market for certified crop advisors
- Market leader follower challenger nicher
- International market segmentation
- The macro pro pro maxcharltonmacrumors
- Dhl market outlook
- Europe healthcare archiving and ediscovery market outlook
- For today's meeting
- Today meeting or today's meeting
- What is meeting and types of meeting
- Types of meeting
- Carroll isd family access
- Curtis carroll
- Filantropia estrategica
- Carroll doctrine
- Intrinsic and extrinsic motivation
- 10 primary emotions carroll izard
- Archie carroll pyramid of csr
- Ariel carroll
- Module 30
- 10 primary emotions carroll izard
- 10 primary emotions carroll izard
- Carroll doctrine
- Archie carroll pyramid of csr
- Mahad huniche