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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 2008

2 Corn Production, Ending Stocks, and Price, 1992-2008

3 U.S. Corn Ending Stocks and Price, 1992-2008

4 U.S. & Foreign Corn Ending Stocks 1996-2008

5 Supply/Demand Projections:2007/2008
Corn Supply/Demand Low/High Exp/Exp High/Low Beginning Stocks(MB) Acres (MPA) Acres (MHA) Yield Supply(M. Bu) Use: Feed Ethanol Food, Seed Exports Ending Stocks Projected Price $ $4.00 $3.50

6 Wheat Situation and Outlook
Historical Perspective and Outlook for 2008

7 Wheat Production, Ending Stocks, and Price, 1993-2008

8 U.S. Wheat Ending Stocks and Price, 1993-2008

9 U.S. & Foreign Wheat Ending Stocks, 1996-2008

10 Supply/Demand Projections:2007/2008
Wheat Supply/Demand Low/High Exp/Exp High/Low Beginning Stocks(MB) Acres (M. A. Planted) Acres (M.A. Harvested) Yield Supply(M. Bu) Use: Food, Seed Feed, Resid Exports Ending Stocks Projected Price $ $6.50 $6.25

11 Soybean Situation and Outlook
Historical Perspective and Outlook for 2008

12 Soybean Production, Ending Stocks, and Price, 1993-2008

13 U.S. Soybean Ending Stocks and Price, 1993-2008

14 U.S. & Foreign Soybean Ending Stocks, 1996-2008

15 U.S. & Foreign Soybean Meal Ending Stocks, 1997-2008

16 U.S. & Foreign Soybean Oil Ending Stocks, 1997-2008

17 Supply/Demand Projections:2007/2008
Soybeans Supply/Demand Low/High Exp/Exp High/Low Beginning Stocks(MB) Acres (MA Planted) Acres (MA Harvested) Yield Supply(M. Bu) Use: Crushing Exports Seed, Feed Ending Stocks Projected Price $ $ $9.50

18 Grain Sorghum Situation and Outlook
Historical Perspective and Outlook for 2008

19 Sorghum Production, Ending Stocks, and Price, 1996-2008

20 U.S. Sorghum Ending Stocks and Price, 1996-2008

21 Supply/Demand Projections:2007/2008
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 $ $ $3.75

22 Cotton Situation and Outlook
Historical Perspective and Outlook for 2008

23 Cotton Production, Ending Stocks, and Price, 1993-2008

24 U.S. Cotton Ending Stocks and Price, 1993-2008

25 U.S. & Foreign Cotton Ending Stocks, 1997-2008

26 Supply/Demand Projections:2007/2008
Cotton Supply/Demand Low/High Exp/Exp High/Low Beginning Stocks(MB) Acres (M. P. A.) Acres (MA Harvested) Yield Supply(MB) Use: Domestic Exports Ending Stocks Projected Price/cwt $ $64 $62

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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