1. Crop Market Outlook for 2016 and Beyond
ISU-FEEL Crop Management Clinic
Ames, Iowa
July 13, 2016
Chad Hart
Associate Professor/Crop Markets Specialist 1 1

2. U.S. Corn Supply and Use 2012 2013 2014 2015 2016 Area Planted
(mil. acres)
97.3
95.4
90.6
88.0
94.1
Yield
(bu./acre)
123.1
158.1
171.0
168.4
168.0
Production
(mil. bu.)
10,755
13,829
14,216
13,601
14,540
Beg. Stocks
989
821
1,232
1,731
1,701
Imports
160 36 32 60 40
Total Supply
11,904
14,686
15,479
15,392
16,281
Feed & Residual
4,315
5,040
5,324
5,200
5,500
Ethanol
4,641
5,124
5,225
5,275
Food, Seed, & Other
1,397
1,369
1,360
1,367
1,375
Exports
730
1,920
1,864
1,900
2,050
Total Use
11,083
13,454
13,748
13,692
14,200
Ending Stocks
2,081
Season-Average Price
($/bu.)
6.89
4.46
3.70
3.65
3.40
Source: USDA-WAOB 2 2

3. U.S. Soybean Supply and Use
2012
2013
2014
2015
2016
Area Planted
(mil. acres)
77.2
76.8
83.3
82.7
83.7
Yield
(bu./acre)
40.0
44.0
47.5
48.0
46.7
Production
(mil. bu.)
3,042
3,358
3,927
3,929
3,880
Beg. Stocks
169
141 92
191
350
Imports 41 72 33 25 30
Total Supply
3,252
3,570
4,052
4,145
4,260
Crush
1,689
1,734
1,873
1,890
1,925
Seed & Residual
105
107
145
109
125
Exports
1,317
1,638
1,843
1,795
1,920
Total Use
3,111
3,478
3,862
3,794
3,970
Ending Stocks
290
Season-Average Price
($/bu.)
14.40
13.00
10.10
9.05
9.50
Source: USDA-WAOB 3 3

4. Corn Plantings Top: 2016 Plantings Bottom: Change from last year
Units: 1,000 acres
Source: USDA-NASS

5. Soy Plantings Top: 2016 Plantings Bottom: Change from last year
Units: 1,000 acres
Source: USDA-NASS

6. Corn Crop Conditions Sum of Good to Excellent Ratings
Source: USDA-NASS

7. Soybean Crop Conditions
Sum of Good to Excellent Ratings
Source: USDA-NASS

8. U.S. Meat Production & Prices
Source: USDA-WAOB 8 8

9. Corn Export Sales
Source: USDA-FAS

10. Soybean Export Sales
Source: USDA-FAS

11. Corn Grind for Ethanol

12. Current Corn Futures
3.64
3.62
3.39
Source: CME Group, 7/12/2016

13. Current Soybean Futures
10.27
9.01
9.30
Source: CME Group, 7/12/2016

14. 2015/16 Crop Margins

15. 2016/17 Crop Margins

16. Thank you for your time. Any questions. My web site: http://www2. econ
Thank you for your time! Any questions? My web site: Iowa Farm Outlook: Ag Decision Maker: