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Explore insights from Iowa Farm Bureau’s Economic Summit on crop shifts and world production impacting corn and soybean markets. Stay informed on supply/demand concerns and 2014 crop margins for informed decisions. Visit links for more information.
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Crop Outlook & Grain Flows Iowa Farm Bureau’s Economic Summit Ames, Iowa July 22, 2014 Chad Hart Associate Professor/Crop Markets Specialist chart@iastate.edu 515-294-9911
U.S. Corn Supply and Use Source: USDA-WAOB
U.S. Soybean Supply and Use Source: USDA-WAOB
Principal Crop Acreage Source: USDA-NASS
Crop Shifts Source: USDA-NASS
World Corn Production Source: USDA-WAOB
World Soybean Production Source: USDA-WAOB
U.S. Meat Production & Prices Source: USDA-WAOB
Corn Export Shifts Source: USDA-FAS
Soy Export Shifts Source: USDA-FAS
Thoughts for 2014 and Beyond • Supply/demand concerns • Record acreage for soybeans, much larger shift than expected • Still potential for both record corn and soybean crops • Markets are adjusting downward to absorb projected supplies • El Niño watch for summer continues
Thank you for your time!Any questions?My web site:http://www.econ.iastate.edu/~chart/Iowa Farm Outlook:http://www.econ.iastate.edu/ifo/Ag Decision Maker:http://www.extension.iastate.edu/agdm/