Presentation is loading. Please wait.

Presentation is loading. Please wait.

NC Soy Supply, Delivery and Pricing Charles Hall CEO – North Carolina Soybean Producers Association, Inc.

Similar presentations


Presentation on theme: "NC Soy Supply, Delivery and Pricing Charles Hall CEO – North Carolina Soybean Producers Association, Inc."— Presentation transcript:

1 NC Soy Supply, Delivery and Pricing Charles Hall CEO – North Carolina Soybean Producers Association, Inc.

2 NC Planted Area of Major Crops Soybeans primary crop and growing 2009 668,000 hectares planted

3 Soybean Production Up 2008 Record Year – 1.44 MMT

4 2009 Soybean Planting Intentions Soybeans 46% of Total Production

5 2008 North Carolina Soybean Production North Carolina farmers harvested 676,000 hectares of soybeans in 2008, up 40,000 hectars from the previous year 2008 production of 1.44 mmt was 5% higher than the 1982 record

6 NC Soybean Yield Increasing Yield averaged.9 mt per hectare, up.3mt from 2007. Just below the 2004 record

7 Soybean Planting Intentions 2009 Up 100,000 Acres

8 Soybean Production 2006 Most soybean production in the east, near the ocean

9 Soybean Elevators and Crushers One major buyer: Cargill crushing plants in Raleigh and Fayetteville

10 Port and Crushing Delivery Points Ports closer to production than major crushing facilities Major Port Major Crusher

11 Scale Points (Exporters) for Containerized Shipping C.A. Perry and Son, Inc –Elizabeth City, NC –Hobbsville, NC –Morgan’s Corner, NC George Wood Farms, Camden, NC Rook’s Farm Service, Burgaw, NC

12 2008 Soybean Exports by Country All exports destined for Asia

13 Despite higher quality, prices are lower in North Carolina Average for U.S. for 8-year period was $220/mt in NC and $225/mt across all of U.S.

14 N.C. vs. Midwest Prices As of 12/30/08 Basis bid for soybeans in Raleigh NC: -$5.50/mt Basis bid for soybeans in Central Illinois: +$5.50/mt Basis bid for soybeans in Evansville, Indiana: +$8.08/mt

15 Recommendation North Carolina Soybeans –Are competitively priced –Are higher quality –Are from the largest production in Southeast –Are relatively unknown –Do not need expensive and congested rail to get to the port Specify in contracts under origin: –Southeast North Carolina buyers option


Download ppt "NC Soy Supply, Delivery and Pricing Charles Hall CEO – North Carolina Soybean Producers Association, Inc."

Similar presentations


Ads by Google