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World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts Lockup Briefing November 10, 2014.

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Presentation on theme: "World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts Lockup Briefing November 10, 2014."— Presentation transcript:

1 World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts Lockup Briefing November 10, 2014

2 World Wheat Production November 10, 2014

3 Australia Wheat Production Time Series and Proposed Forecast November 10, 2014

4 World Wheat Supply and Use November 10, 2014

5 U.S. Wheat Supply and Demand November 10, 2014

6 World Rice Production November 10, 2014

7 World Rice Supply and Use November 10, 2014

8 U.S. Rice Supply and Demand Rough Equivalent of Rough and Milled Rice November 10, 2014

9 World Corn Production November 10, 2014

10 China Corn Area Thousand hectare November 10, 2014

11 Forecast corn yield in 2014 is 5.82 mt/ha, down 3.4 percent from last year’s record yield. Yields declined in 2007 and 2009 due to drought in major corn production areas. China corn yield MT/hectare November 10, 2014

12 Corn production increased every year except 2009 and 2014. November – 214.0 million tons, down 4.5 million or 2 percent from last year. China Corn Production Thousand MT November 10, 2014

13 World Corn Supply and Use November 10, 2014

14 U.S. Corn Supply and Demand November 10, 2014

15 Yield Correlation Australia Rapeseed and Australia Wheat November 10, 2014

16 Australia Rapeseed Production November 10, 2014

17 World Soybean Production November 10, 2014

18 U.S. Soybean Supply and Demand November 10, 2014

19 Soybean Meal Export Commitments End of October November 10, 2014

20 U.S. Soybean Meal Supply and Demand November 10, 2014

21 U.S. Soybean Oil Supply and Demand November 10, 2014

22 World Cotton Production November 10, 2014

23 Source: Atlas on Regional Integration in West Africa, ECOWAS-SWAC/OECD - August 2006 http://www.oecd.org/swac/publications/38409410.pdf November 10, 2014

24 Source: Atlas on Regional Integration in West Africa, ECOWAS-SWAC/OECD - August 2006 http://www.oecd.org/swac/publications/38409410.pdf November 10, 2014

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26 Greater than 50% drop in production from record year in 2004/05. 4.7 November 10, 2014

27 World Cotton Supply and Use November 10, 2014

28 U.S. Cotton Supply and Demand November 10, 2014

29 Mexico Sugar Supply and Demand November 10, 2014

30 U.S. Sugar Supply and Demand November 10, 2014

31 U.S. Meat Production and Prices November 10, 2014

32 U.S. Meat Trade Million Pounds November 10, 2014

33 U.S. Milk Supply and Demand November 10, 2014

34 U.S. Dairy Product Prices November 10, 2014

35 U.S. Production Summary November 10, 2014

36 Domestic Demand Summary November 10, 2014

37 U.S. Export Summary November 10, 2014

38 Price Summary November 10, 2014


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