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Corn Situation and Outlook

Corn Situation and Outlook. Historical Perspective and Outlook for 2007. Corn Production, Ending Stocks, and Price, 1992-2007. U.S. Corn Ending Stocks and Price, 1992-2007. U.S. & Foreign Corn Ending Stocks 1996-2007. Supply/Demand Projections:2007/2008.

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Corn Situation and Outlook

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  1. Corn Situation and Outlook Historical Perspective and Outlook for 2007

  2. Corn Production, Ending Stocks, and Price, 1992-2007

  3. U.S. Corn Ending Stocks and Price, 1992-2007

  4. U.S. & Foreign Corn Ending Stocks 1996-2007

  5. Supply/Demand Projections:2007/2008 Corn ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 987 987 987 Acres (MPA) 86.5 90.5 94.5 Acres (MHA) 79.2 82.9 86.6 Yield 140 150.3 160 Supply(M. Bu) 12095 13462 14835 Use: Feed 5700 Ethanol 3400 Food, Seed 1390 Exports 1975 Ending Stocks 588 997 1406 Projected Price $3.80 $3.20 $2.80

  6. Wheat Situation and Outlook Historical Perspective and Outlook for 2007

  7. Wheat Production, Ending Stocks, and Price, 1993-2007

  8. U.S. Wheat Ending Stocks and Price, 1993-2007

  9. U.S. & Foreign Wheat Ending Stocks, 1996-2007

  10. Supply/Demand Projections:2007/2008 Wheat ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 417 417 417 Acres (M. A. Planted) 59.3 60.3 61.3 Acres (M.A. Harvested) 51.3 52.2 53.1 Yield 40.3 41.5 42.7 Supply(M. Bu) 2586 2684 2783 Use: Food, Seed 1011 Feed, Resid 230 Exports 1000 Ending Stocks 378 443 508 Projected Price $5.10 $4.50 $3.90

  11. Soybean Situation and Outlook Historical Perspective and Outlook for 2007

  12. Soybean Production, Ending Stocks, and Price, 1993-2007

  13. U.S. Soybean Ending Stocks and Price, 1993-2007

  14. U.S. Soybean Ending Stocks vs. Price, 1990-2007 ‘03 ‘96 ‘07 ‘95 ‘97 ‘06 ‘93 ‘04 ‘90 ‘05 ‘02 ‘94 ‘91 ‘92 ‘98 ‘99 ‘00 ‘01

  15. U.S. & Foreign Soybean Ending Stocks, 1996-2007

  16. U.S. & Foreign Soybean Meal Ending Stocks, 1997-2007

  17. U.S. & Foreign Soybean Oil Ending Stocks, 1997-2007

  18. Supply/Demand Projections:2007/2008 Soybeans ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 610 610 610 Acres (MA Planted) 65.8 67.1 68.4 Acres (MA Harvested) 64.8 66.1 67.4 Yield 39.2 41.5 43.8 Supply(M. Bu) 3155 3359 3565 Use: Crushing 1790 Exports 1080 Seed, Feed 169 Ending Stocks 174 320 466 Projected Price $7.40 $6.95 $6.50

  19. Grain Sorghum Situation and Outlook Historical Perspective and Outlook for 2007

  20. Sorghum Production, Ending Stocks, and Price, 1996-2007

  21. U.S. Sorghum Ending Stocks and Price, 1996-2007

  22. Supply/Demand Projections:2007/2008 Sorghum ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 48.0 48.0 48.0 Acres (M. P. A.) 6.8 7.1 7.4 Supply(M. Bu) 365 428 488 Use: Food & Seed 65 Exports 160 Feed 160 Ending Stocks 22 43 64 Projected Price $3.50 $3.25 $3.00

  23. Cotton Situation and Outlook Historical Perspective and Outlook for 2007

  24. Cotton Production, Ending Stocks, and Price, 1993-2007

  25. U.S. Cotton Ending Stocks and Price, 1993-2007

  26. U.S. & Foreign Cotton Ending Stocks, 1997-2007

  27. Supply/Demand Projections:2007/2008 Cotton ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 9.8 9.8 9.8 Acres (M. P. A.) 11.8 12.2 12.5 Acres (MA Harvested) 10.7 11.0 11.3 Yield 764 820 873 Supply(MB) 26.8 28.6 30.4 Use: Domestic 4.4 Exports 17.5 Ending Stocks 4.4 6.7 9.0 Projected Price/cwt

  28. What Could Change The Outlook? • South America • Plant Mix • Non-Farm Economic Conditions in U.S., World – Oil Supplies, War • Exchange Rates • China • Weather

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