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Corn Situation and Outlook. Historical Perspective and Outlook for 2006. Corn Production, Ending Stocks, and Price, 1992-2006. U.S. Corn Ending Stocks and Price, 1992-2006. U.S. & Foreign Corn Ending Stocks 1996-2006. Supply/Demand Projections:2006/2007.
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Corn Situation and Outlook Historical Perspective and Outlook for 2006
Supply/Demand Projections:2006/2007 Corn ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 2062 2062 2062 Acres (M. P. A.) 79.0 79.4 79.7 Yield 138 149 160 Supply(M. Bu) 11977 12812 13657 Use: Feed 6050 Ethanol 2150 Food, Seed 1385 Exports 2150 Ending Stocks 687 1077 1467 Projected Price $2.55 $2.40 $2.25
Wheat Situation and Outlook Historical Perspective and Outlook for 2006
Supply/Demand Projections:2006/2007 Wheat ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 568 568 568 Acres (M. A. Planted) 57.3 57.9 58.5 Yield 37.6 38.3 39.1 Supply(M. Bu) 2425 2478 2533 Use: Food, Seed 995 Feed, Resid 145 Exports 900 Ending Stocks 374 438 502 Projected Price $3.85 $3.60 $3.40
Soybean Situation and Outlook Historical Perspective and Outlook for 2006
U.S. Soybean Ending Stocks vs. Price, 1990-2006 ‘03 ‘96 ‘95 ‘97 ‘93 ‘04 ‘90 ‘05 ‘02 ‘94 ‘06 ‘91 ‘92 ‘98 ‘99 ‘00 ‘01
U.S. Soybean Meal Ending Stocks vs. Soybean Price, 1990-2006 ‘96 ‘03 ‘95 ‘97 ‘93 ‘04 ‘05 ‘94 ‘91 ‘06 ‘92 ‘02 ‘98 ‘99 ‘01 ‘00
U.S. Soybean Oil Ending Stocks vs. Soybean Price, 1990-2006 ‘03 ‘96 ‘95 ‘97 ‘93 ‘04 ‘91 ‘05 ‘92 ‘06 ‘02 ‘94 ‘98 ‘99 ‘00 ‘01
Supply/Demand Projections:2006/2007 Soybeans ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 545 545 545 Acres (M. P. A.) 73.3 73.9 75.6 Yield 38.5 40.7 42.8 Supply(M. Bu) 3371 3559 3740 Use: Crushing 1750 Exports 1090 Seed, Feed 158 Ending Stocks 318 560 802 Projected Price $5.50 $4.75 $4.25
Grain Sorghum Situation and Outlook Historical Perspective and Outlook for 2006
Supply/Demand Projections:2005/2006 Sorghum ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 51.0 51.0 51.0 Acres (M. P. A.) 5.9 6.3 6.7 Supply(M. Bu) 353 401 447 Use: Food & Seed 60 Exports 185 Feed 110 Ending Stocks 22 46 70 Projected Price $2.55 $2.20 $2.00
Cotton Situation and Outlook Historical Perspective and Outlook for 2006
Supply/Demand Projections:2006/2007 Cotton ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 6.5 6.5 6.5 Acres (M. P. A.) 15.0 15.3 15.5 Yield 710 770 830 Supply(MB) 25.1 27.0 29.0 Use: Domestic 5.5 Exports 16.6 Ending Stocks 3.3 4.9 6.4 Projected Price/cwt
What Could Change The Outlook? • South America • Plant Mix • Non-Farm Economic Conditions in U.S., World – Oil Supplies, War • Exchange Rates • China • Weather