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2013 Crop Outlook

This report provides an outlook for the 2013 crop season and discusses key issues in the agricultural industry. It also highlights the National Agricultural Credit Conference held in San Diego, California on Apr. 17, 2013.

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2013 Crop Outlook

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  1. 2013 Crop Outlook 2013 National Agricultural Credit Conference San Diego, California Apr. 17, 2013 Chad Hart Associate Professor/Crop Markets Specialist chart@iastate.edu 515-294-9911

  2. U.S. Corn Supply and Use Source: USDA-WAOB, for 2009-12

  3. U.S. Soybean Supply and Use Source: USDA-WAOB, for 2009-12

  4. U.S. Wheat Supply and Use Source: USDA-WAOB, for 2009-12

  5. U.S. Cotton Supply and Use Source: USDA-WAOB, for 2009-12

  6. Price Ratios Since June 1

  7. Corn Yields Top: 2012 Yield Bottom: Change from 2011 Units: Bushels/acre

  8. Soybean Yields Top: 2012 Yield Bottom: Change from 2011 Units: Bushels/acre

  9. Cotton Yields Top: 2012 Yield Bottom: Change from 2011 Units: Pounds/acre Source: USDA-NASS

  10. Winter Wheat Acreage Top: 2013 Planted Acreage Bottom: Change from 2012 Units: 1,000 acres Source: USDA-NASS

  11. Snow Cover Source: USDA-WAOB and NOAA

  12. World Corn Production Source: USDA-WAOB

  13. World Soybean Production Source: USDA-WAOB

  14. World Wheat Production Source: USDA-WAOB

  15. World Cotton Production Source: USDA-WAOB

  16. 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

  17. 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

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

  19. Corn Export Shifts Source: USDA-FAS

  20. Soy Export Shifts Source: USDA-FAS

  21. Wheat Export Shifts Source: USDA-FAS

  22. Cotton Export Shifts Source: USDA-FAS

  23. Source: USDA-WAOB

  24. Corn Grind for Ethanol

  25. Ethanol Stocks

  26. U.S. Blended Gasoline Consumption 7.6 bil. gal. 7.4 bil. gal. Source: DOE-EIA, via USDA-ERS

  27. Current Corn Futures Source: CME Group, 4/12/2013

  28. Current Soybean Futures Source: CME Group, 4/12/2013

  29. Current Wheat Futures Source: KCBOT, 4/12/2013

  30. Current Cotton Futures Source: ICE, 4/12/2013

  31. Total Acreage Shift Source: USDA-NASS

  32. Acreage Shift by Crop Acreage change from 2012 Units: 1,000 acres Source: USDA-NASS

  33. Acreage Shift by State Top: Intended planting in 2013 Bottom: Change from 2012 Units: 1,000 acres Source: USDA-NASS

  34. 3 Month Outlook - Precip

  35. 3 Month Outlook - Temps

  36. Thoughts for 2013 and Beyond • Supply/demand concerns • Soil moisture issues • Biofuel and export strength • Worldwide response to drought-induced pricing

  37. 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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