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Corn Situation and Outlook

Corn Situation and Outlook. Historical Perspective and Outlook for 2007. Corn Production, Ending Stocks, and Price, 1992-2007. U.S. Corn Ending Stocks and Price, 1992-2007. U.S. & Foreign Corn Ending Stocks 1996-2007. Supply/Demand Projections:2006/2007.

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Corn Situation and Outlook

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  1. Corn Situation and Outlook Historical Perspective and Outlook for 2007

  2. Corn Production, Ending Stocks, and Price, 1992-2007

  3. U.S. Corn Ending Stocks and Price, 1992-2007

  4. U.S. & Foreign Corn Ending Stocks 1996-2007

  5. Supply/Demand Projections:2006/2007 Corn ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 1967 1967 1967 Acres (M. P. A.) 78.3 Yield 149.1 Supply(M. Bu) 12512 Use: Feed 5850 Ethanol 2150 Food, Seed 1385 Exports 2250 Ending Stocks 810 877 944 Projected Price $3.20 $3.10 $3.00

  6. Supply/Demand Projections:2007/2008 Corn ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 877 877 877 Acres (MPA) 88.5 90.5 92.5 Acres (MHA) 80.3 82.1 83.9 Yield 147 152.8 157 Supply(M. Bu) 12688 13431 14061 Use: Feed 5800 Ethanol 3200 Food, Seed 1400 Exports 1925 Ending Stocks 885 1106 1327 Projected Price $3.20 $3.00 $2.80

  7. Wheat Situation and Outlook Historical Perspective and Outlook for 2007

  8. Wheat Production, Ending Stocks, and Price, 1993-2007

  9. U.S. Wheat Ending Stocks and Price, 1993-2007

  10. U.S. & Foreign Wheat Ending Stocks, 1996-2007

  11. Supply/Demand Projections:2006/2007 Wheat ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 571 Acres (M. A. Planted) 57.3 Yield 38.7 Supply(M. Bu) 2498 Use: Food, Seed 1007 Feed, Resid 170 Exports 900 Ending Stocks 398 422 446 Projected Price $4.60 $4.30 $4.00

  12. Supply/Demand Projections:2007/2008 Wheat ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 422 422 422 Acres (M. A. Planted) 58.8 60.3 61.8 Acres (M.A. Harvested) 49.7 51.0 52.2 Yield 38.0 42.5 44.0 Supply(M. Bu) 2411 2691 2820 Use: Food, Seed 1011 Feed, Resid 300 Exports 925 Ending Stocks 318 455 591 Projected Price $5.00 $4.25 $3.50

  13. Soybean Situation and Outlook Historical Perspective and Outlook for 2007

  14. Soybean Production, Ending Stocks, and Price, 1993-2007

  15. U.S. Soybean Ending Stocks and Price, 1993-2007

  16. U.S. Soybean Ending Stocks vs. Price, 1990-2007 ‘03 ‘96 ‘95 ‘97 ‘06 ‘93 ‘04 ‘90 ‘05 ‘02 ‘94 ‘91 ‘92 ‘98 ‘99 ‘00 ‘01

  17. U.S. & Foreign Soybean Ending Stocks, 1996-2007

  18. U.S. & Foreign Soybean Meal Ending Stocks, 1997-2007

  19. U.S. & Foreign Soybean Oil Ending Stocks, 1997-2007

  20. Supply/Demand Projections:2006/2007 Soybeans ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 449 449 449 Acres (M. P. A.) 75.5 Yield 42.7 Supply(M. Bu) 3642 Use: Crushing 1765 Exports 1080 Seed, Feed 182 Ending Stocks 502 615 728 Projected Price $6.40 $6.25 $6.10

  21. Supply/Demand Projections:2007/2008 Soybeans ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 615 615 615 Acres (MA Planted) 65.8 67.1 68.4 Acres (MA Harvested) 64.7 66.0 67.3 Yield 38.0 41.5 43.0 Supply(M. Bu) 3079 3359 3513 Use: Crushing 1820 Exports 1125 Seed, Feed 164 Ending Stocks 174 249 324 Projected Price $7.00 $6.30 $5.60

  22. Grain Sorghum Situation and Outlook Historical Perspective and Outlook for 2007

  23. Sorghum Production, Ending Stocks, and Price, 1996-2007

  24. U.S. Sorghum Ending Stocks and Price, 1996-2007

  25. Supply/Demand Projections:2006/2007 Sorghum ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 66.0 66.0 66.0 Acres (M. P. A.) 6.5 6.5 6.5 Supply(M. Bu) 343 343 343 Use: Food & Seed 45 Exports 140 Feed 110 Ending Stocks 35 48 61 Projected Price $3.40 $3.20 $3.00

  26. Cotton Situation and Outlook Historical Perspective and Outlook for 2007

  27. Cotton Production, Ending Stocks, and Price, 1993-2007

  28. U.S. Cotton Ending Stocks and Price, 1993-2007

  29. U.S. & Foreign Cotton Ending Stocks, 1997-2007

  30. Supply/Demand Projections:2006/2007 Cotton ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 6.0 6.0 6.0 Acres (M. P. A.) 15.27 Yield 813 Supply(MB) 27.6 Use: Domestic 5.0 Exports 13.5 Ending Stocks 8.4 9.2 10.0 Projected Price/cwt $52 $48 $44

  31. Supply/Demand Projections:2007/2008 Cotton ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 9.2 9.2 9.2 Acres (M. P. A.) 11.8 12.2 12.5 Acres (MA Harvested) 10.5 10.8 11.1 Yield 750 815 850 Supply(MB) 25.6 27.6 28.9 Use: Domestic 4.5 Exports 16.0 Ending Stocks 5.3 7.1 8.9 Projected Price/cwt

  32. 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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