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Associate Professor/Crop Marketing Specialist

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Presentation on theme: "Associate Professor/Crop Marketing Specialist"— Presentation transcript:

1 Associate Professor/Crop Marketing Specialist
Ag Market Outlook May 16, 2019 Chad Hart Associate Professor/Crop Marketing Specialist 1 1

2 Soybean Export Shifts Source: USDA-FAS

3 Soybean Meal Export Shifts
Source: USDA-FAS

4 Corn Export Shifts Source: USDA-FAS

5 Ethanol Exports Source: EIA

6

7 Global Shares Source: USDA

8 Beef Export Shifts Source: USDA-FAS

9 Pork Export Shifts Source: USDA-FAS

10 U.S. Meat Production & Prices
Source: USDA-WAOB 10 10

11 Corn Grind for Ethanol

12 Ethanol Stocks Source: EIA

13 U.S. Corn Supply and Use 2015 2016 2017 2018 2019 Area Planted
(mil. acres) 88.0 94.0 90.2 89.1 92.8 Yield (bu./acre) 168.4 174.6 176.6 176.4 176.0 Production (mil. bu.) 13,602 15,148 14,609 14,420 15,030 Beg. Stocks 1,731 1,737 2,293 2,140 2,095 Imports 67 57 36 35 Total Supply 15,401 16,942 16,939 16,595 17,160 Feed & Residual 5,120 5,470 5,304 5,300 5,450 Ethanol 5,224 5,432 5,605 5,500 Food, Seed, & Other 1,422 1,453 1,451 1,450 Exports 1,898 2,294 2,438 2,300 2,275 Total Use 13,664 14,649 14,799 14,500 15,015 Ending Stocks 2,485 Season-Average Price ($/bu.) 3.61 3.36 3.50 3.30 Source: USDA-WAOB 13 13

14 U.S. Soybean Supply and Use
2015 2016 2017 2018 2019 Area Planted (mil. acres) 82.7 83.4 90.2 89.2 84.6 Yield (bu./acre) 48.0 52.0 49.3 51.6 49.5 Production (mil. bu.) 3,926 4,296 4,412 4,544 4,150 Beg. Stocks 191 197 302 438 995 Imports 24 22 17 20 Total Supply 4,140 4,515 4,735 4,999 5,165 Crush 1,886 1,901 2,055 2,100 2,115 Seed & Residual 122 146 113 129 130 Exports 1,936 2,166 2,129 1,775 1,950 Total Use 3,944 4,214 4,297 4,004 4,195 Ending Stocks 970 Season-Average Price ($/bu.) 8.95 9.47 9.33 8.55 8.10 Source: USDA-WAOB 14 14

15 Change in Principal Crop Acreage
Units: 1,000 acres Source: USDA-NASS 15 15

16 U.S. Corn Planting Progress
Source: USDA-NASS 16 16

17 U.S. Soybean Planting Progress
Source: USDA-NASS 17 17

18 Weather Outlook Source: NOAA-CPC 18 18

19 World Corn Production Source: USDA-WAOB 19 19

20 World Soybean Production
Source: USDA-WAOB 20 20

21 Current Corn Futures 3.87 3.52 Source: CME Group, 5/15/2019

22 Current Soybean Futures
8.52 8.50 Source: CME Group, 5/15/2019

23 2018/19 Crop Margins Based on futures prices

24 2019/20 Crop Margins Based on futures prices

25 Iowa Corn Prices vs. Costs
Based on USDA prices and ISU costs

26 Iowa Soybean Prices vs. Costs
Based on USDA prices and ISU costs

27 Want to provide feedback on my presentation. https://www. surveymonkey

28 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:


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