1 / 28

Update on Cash Crops

Update on Cash Crops. Coleman Research Group Presentation Aug. 20, 2015 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. U.S. Wheat Supply and Use.

cecilshah
Download Presentation

Update on Cash Crops

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Update on Cash Crops Coleman Research Group Presentation Aug. 20, 2015 Chad Hart Associate Professor/Crop Markets Specialist chart@iastate.edu 515-294-9911

  2. U.S. Corn Supply and Use Source: USDA-WAOB

  3. U.S. Soybean Supply and Use Source: USDA-WAOB

  4. U.S. Wheat Supply and Use Source: USDA-WAOB

  5. Early Corn Yield Estimate Top: 2015 Estimated Yields Bottom: Change from last year Units: Bushels/acre Source: USDA-NASS

  6. Early Soy Yield Estimate Top: 2015 Estimated Yields Bottom: Change from last year Units: Bushels/acre Source: USDA-NASS

  7. Winter Wheat Yields Top: 2015 Estimated Yields Bottom: Change from last month Units: Bushels/acre Source: USDA-NASS

  8. Wheat Data Source: USDA-NASS

  9. Small Grains Summary Source: USDA-NASS

  10. World Corn Production Source: USDA-WAOB

  11. World Soybean Production Source: USDA-WAOB

  12. World Wheat Production Source: USDA-WAOB

  13. Hog Crush Margin The Crush Margin is the return after the pig, corn and soybean meal costs. Carcass weight: 200 pounds Pig price: 50% of 5 mth out lean hog futures Corn: 10 bushels per pig Soybean meal: 150 pounds per pig Source: ISU Extension

  14. Cattle Crush Margin The Crush Margin is the return after the feeder steer and corn costs. Live weight: 1250 pounds Feeder weight: 750 pounds Corn: 50 bushels per head Source: ISU Extension

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

  16. Strength of the U.S. Dollar Source: Federal Reserve

  17. Corn Advance Export Sales Source: USDA-FAS

  18. Soybean Advance Export Sales Source: USDA-FAS

  19. Wheat Export Pace Source: USDA-FAS

  20. Wheat Export Shifts Source: USDA-FAS

  21. Corn Grind for Ethanol

  22. Ethanol Stocks Source: EIA

  23. Ethanol Exports Source: EIA

  24. Current Corn Futures 3.80 3.57 Source: CME Group, 8/18/2015

  25. Current Soybean Futures 8.60 8.49 Source: CME Group, 8/18/2015

  26. Current Wheat Futures 5.09 4.61 Source: CME Group, 8/18/2015

  27. Thoughts for 2015 and Beyond • Supply/demand concerns • Does rain make grain for corn and soybeans? • Export weakness given the strength of the dollar • Competitive balance in wheat export markets

  28. 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/

More Related