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Corn Situation and Outlook. Historical Perspective and Outlook for 2005. Corn Production, Ending Stocks, and Price, 1992-2005. U.S. Corn Ending Stocks and Price, 1992-2005. U.S. & Foreign Corn Ending Stocks 1996-2004. Supply/Demand Projections:2005/2006.
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Corn Situation and Outlook Historical Perspective and Outlook for 2005
Supply/Demand Projections:2005/2006 Corn ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 2055 2055 2055 Acres (M. P. A.) 78.0 82.0 84.0 Supply(M. Bu) 11061 12932 14328 Use: Feed 5950 Food, Seed 2880 Exports 1950 Ending Stocks 1506 2151 2797 Projected Price $2.10 $1.85 $1.65
Wheat Situation and Outlook Historical Perspective and Outlook for 2005
Supply/Demand Projections:2005/2006 Wheat ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 553 553 553 Acres (M. A. Planted) 56.0 58.0 60.0 Supply(M. Bu) 2284 2703 2821 Use: Food, Seed 987 Feed, Resid 175 Exports 975 Ending Stocks 396 566 736 Projected Price $3.50 $3.10 $2.50
Soybean Situation and Outlook Historical Perspective and Outlook for 2005
Supply/Demand Projections:2005/2006 Soybeans ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 410 410 410 Acres (M. P. A.) 71.0 73.0 75.0 Supply(M. Bu) 2777 3283 3544 Use: Crushing 1695 Exports 1060 Seed, Feed 148 Ending Stocks 266 380 494 Projected Price $5.90 $4.80 $4.10
Grain Sorghum Situation and Outlook Historical Perspective and Outlook for 2005
Supply/Demand Projections:2004/2005 Sorghum ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 58.0 58.0 58.0 Acres (M. P. A.) 7.0 8.0 9.0 Supply(M. Bu) 391.0 479.0 591.0 Use: Food & Seed 50 Exports 175 Feed 205 Ending Stocks 32.0 49.0 66.5 Projected Price $2.10 $1.90 $1.80
Cotton Situation and Outlook Historical Perspective and Outlook for 2005
Supply/Demand Projections:2004/2005 Cotton ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 7.1 7.1 7.1 Acres (M. P. A.) 13.5 14.2 14.9 Supply(MB) 22.4 25.9 31.0 Use: Domestic 6.3 Exports 13.0 Ending Stocks 4.1 5.9 7.7 Projected Price $50 $45 $40
What Could Change The Outlook? • South America • Plant Mix • Non-Farm Economic Conditions in U.S., World – Oil Supplies, War • Exchange Rates • China • Weather