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Corn Situation and Outlook

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Presentation on theme: "Corn Situation and Outlook"— Presentation transcript:

1 Corn Situation and Outlook
Historical Perspective and Outlook for 2006

2 Corn Production, Ending Stocks, and Price, 1992-2006

3 U.S. Corn Ending Stocks and Price, 1992-2006

4 U.S. & Foreign Corn Ending Stocks 1996-2006

5 Supply/Demand Projections:2005/2006
Corn Supply/Demand Low/High Exp/Exp High/Low Beginning Stocks(MB) Acres (M. P. A.) Supply(M. Bu) Use: Feed Food, Seed Exports Ending Stocks Projected Price $ $1.75 $1.60

6 Supply/Demand Projections:2006/2007
Corn Supply/Demand Low/High Exp/Exp High/Low Beginning Stocks(MB) Acres (M. P. A.) Yield Supply(M. Bu) Use: Feed Food, Seed Exports Ending Stocks Projected Price $ $1.80 $1.40

7 Wheat Situation and Outlook
Historical Perspective and Outlook for 2006

8 Wheat Production, Ending Stocks, and Price, 1993-2006

9 U.S. Wheat Ending Stocks and Price, 1993-2006

10 U.S. & Foreign Wheat Ending Stocks, 1996-2006

11 Supply/Demand Projections:2005/2006
Wheat Supply/Demand Low/High Exp/Exp High/Low Beginning Stocks(MB) Acres (M. A. Planted) Supply(M. Bu) Use: Food, Seed Feed, Resid Exports Ending Stocks Projected Price $ $3.40 $3.25

12 Supply/Demand Projections:2006/2007
Wheat Supply/Demand Low/High Exp/Exp High/Low Beginning Stocks(MB) Acres (M. A. Planted) Yield Supply(M. Bu) Use: Food, Seed Feed, Resid Exports Ending Stocks Projected Price $ $3.40 $3.00

13 Soybean Situation and Outlook
Historical Perspective and Outlook for 2006

14 Soybean Production, Ending Stocks, and Price, 1993-2006

15 U.S. Soybean Ending Stocks and Price, 1993-2006

16 U.S. & Foreign Soybean Ending Stocks, 1996-2006

17 U.S. & Foreign Soybean Meal Ending Stocks, 1997-2006

18 U.S. & Foreign Soybean Oil Ending Stocks, 1997-2006

19 Supply/Demand Projections:2005/2006
Soybeans Supply/Demand Low/High Exp/Exp High/Low Beginning Stocks(MB) Acres (M. P. A.) Supply(M. Bu) Use: Crushing Exports Seed, Feed Ending Stocks Projected Price $ $ $5.20

20 Supply/Demand Projections:2006/2007
Soybeans Supply/Demand Low/High Exp/Exp High/Low Beginning Stocks(MB) Acres (M. P. A.) Yield Supply(M. Bu) Use: Crushing Exports Seed, Feed Ending Stocks Projected Price $ $ $4.25

21 Grain Sorghum Situation and Outlook
Historical Perspective and Outlook for 2006

22 Sorghum Production, Ending Stocks, and Price, 1996-2006

23 U.S. Sorghum Ending Stocks and Price, 1996-2006

24 Supply/Demand Projections:2005/2006
Sorghum Supply/Demand Low/High Exp/Exp High/Low Beginning Stocks(MB) Acres (M. P. A.) Supply(M. Bu) Use: Food & Seed Exports Feed Ending Stocks Projected Price $ $ $1.55

25 Cotton Situation and Outlook
Historical Perspective and Outlook for 2006

26 Cotton Production, Ending Stocks, and Price, 1993-2006

27 U.S. Cotton Ending Stocks and Price, 1993-2006

28 U.S. & Foreign Cotton Ending Stocks, 1997-2006

29 Supply/Demand Projections:2005/2006
Cotton Supply/Demand Low/High Exp/Exp High/Low Beginning Stocks(MB) Acres (M. P. A.) Supply(MB) Use: Domestic Exports Ending Stocks Projected Price

30 Supply/Demand Projections:2006/2007
Cotton Supply/Demand Low/High Exp/Exp High/Low Beginning Stocks(MB) Acres (M. P. A.) Yield Supply(MB) Use: Domestic Exports Ending Stocks Projected Price/cwt $ $ $50

31 What Could Change The Outlook?
South America Plant Mix Non-Farm Economic Conditions in U.S., World – Oil Supplies, War Exchange Rates China Weather


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