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Crop Market Outlook. Iowa Institute for Cooperatives Meeting Ames, Iowa Nov. 20, 2012 Chad Hart Associate Professor/Grain 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.
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Crop Market Outlook Iowa Institute for Cooperatives Meeting Ames, Iowa Nov. 20, 2012 Chad Hart Associate Professor/Grain 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
World Corn Production Source: USDA-WAOB
World Soybean Production Source: USDA-WAOB
World Weather Source: USDC and USDA
U.S. Meat Production & Prices Source: USDA-WAOB
Corn Export Shifts Source: USDA-FAS
Soy Export Shifts Source: USDA-FAS
Current Corn Futures 6.83 5.83 5.49 Source: CME Group, 11/19/2012
Current Soybean Futures 13.38 12.16 11.81 Source: CME Group, 11/19/2012
Acreage Shift by State Top: Planted in 2012 Bottom: Change from 2011 Units: 1,000 acres Source: USDA-NASS
Thoughts for 2012 and Beyond • Supply/demand concerns • Soil moisture issues • Biofuel and export strength • Worldwide response to drought-induced pricing
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/