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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 2004

2 Corn Production, Ending Stocks, and Price, 1992-2004

3 U.S. Corn Ending Stocks and Price, 1992-2004

4 U.S. & Foreign Corn Ending Stocks 1996-2004

5 Supply/Demand Projections:2004/2005
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 $ $2.00 $1.75

6 Wheat Situation and Outlook
Historical Perspective and Outlook for 2004

7 Wheat Production, Ending Stocks, and Price, 1993-2004

8 U.S. Wheat Ending Stocks and Price, 1993-2004

9 U.S. & Foreign Wheat Ending Stocks, 1996-2004

10 Supply/Demand Projections:2004/2005
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 $3.20

11 Soybean Situation and Outlook
Historical Perspective and Outlook for 2004

12 Soybean Production, Ending Stocks, and Price, 1993-2004

13 U.S. Soybean Ending Stocks and Price, 1993-2004

14 U.S. & Foreign Soybean Ending Stocks, 1996-2004

15 U.S. & Foreign Soybean Meal Ending Stocks, 1997-2004

16 U.S. & Foreign Soybean Oil Ending Stocks, 1997-2004

17 Supply/Demand Projections:2004/2005
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 $ $ $4.50

18 Grain Sorghum Situation and Outlook
Historical Perspective and Outlook for 2004

19 Sorghum Production, Ending Stocks, and Price, 1996-2004

20 U.S. Sorghum Ending Stocks and Price, 1996-2004

21 Supply/Demand Projections:2004/2005
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 $ $ $1.60

22 Cotton Situation and Outlook
Historical Perspective and Outlook for 2004

23 Cotton Production, Ending Stocks, and Price, 1993-2004

24 U.S. Cotton Ending Stocks and Price, 1993-2004

25 U.S. & Foreign Cotton Ending Stocks, 1997-2004

26 Supply/Demand Projections:2004/2005
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

27 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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