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Crop Marketing Outlook

Get insights on the US corn and soybean supply and use, crop yields, world production, meat prices, export sales, ethanol production, futures prices, cost per bushel, and weather outlook. Stay informed on the latest crop marketing trends and make informed decisions for your farm.

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Crop Marketing Outlook

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  1. Crop Marketing Outlook ISU Research Farm Annual Meeting Clarion, Iowa Mar. 13, 2014 Chad Hart Associate Professor/Crop Markets Specialist chart@iastate.edu 515-294-9911

  2. U.S. Corn Supply and Use Source: USDA-WAOB for 2010-13

  3. U.S. Soybean Supply and Use Source: USDA-WAOB for 2010-13

  4. Corn Yields Top: 2013 Yield Bottom: Change from 2012 Units: Bushels/acre Source: USDA-NASS

  5. Soybean Yields Top: 2013 Yield Bottom: Change from 2012 Units: Bushels/acre Source: USDA-NASS

  6. World Corn Production Source: USDA-WAOB

  7. World Soybean Production Source: USDA-WAOB

  8. 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

  9. 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

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

  11. Corn Export Shifts Source: USDA-FAS

  12. Corn Export Sales Source: USDA-FAS

  13. Soybean Export Sales Source: USDA-FAS

  14. Soy Export Shifts Source: USDA-FAS

  15. Corn Grind for Ethanol

  16. Source: DOE-EIA, Annual Energy Outlook

  17. Current Corn Futures 4.67 4.66 4.64 Source: CME Group, 3/12/2014

  18. Current Soybean Futures 12.96 11.43 10.85 Source: CME Group, 3/12/2014

  19. Corn Prices vs. Costs Per Bushel Cost calculated as Per Acre Cost from ISU Extension divided by Actual Yield per Acre Sources: USDA-NASS for Prices, Duffy for Costs

  20. Soybean Prices vs. Costs Per Bushel Cost calculated as Per Acre Cost from ISU Extension divided by Actual Yield per Acre Sources: USDA-NASS for Prices, Duffy for Costs

  21. 2013/14 Crop Prices

  22. 2014/15 Crop Margins

  23. Source: droughtmonitor.unl.edu

  24. 3-Month Temperature Outlook Source: NOAA-CPC

  25. 3-Month Precipitation Outlook Source: NOAA-CPC

  26. Thoughts for 2014 and Beyond • Supply/demand concerns • Demand rebounding? Yes, so far, so good • Acreage allocation for 2014: Where do the extra corn acres go? • Markets favoring soybeans in the short term and corn longer term

  27. World Corn Markets Source: USDA

  28. Arable Land

  29. 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/

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