1 / 26

Crop Market Outlook for 2013

This report provides a comprehensive overview of the crop market outlook for 2013, covering supply and demand concerns, soil moisture issues, biofuel and export strength, and worldwide response to drought-induced pricing. It also highlights the importance of risk management and crop insurance for price protection.

karinr
Download Presentation

Crop Market Outlook for 2013

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. Crop Market Outlook for 2013 Crop Advantage Iowa City, Iowa Jan. 30, 2013 Chad Hart Associate Professor/Grain 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. Prices

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

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

  7. World Corn Production Source: USDA-WAOB

  8. World Soybean Production Source: USDA-WAOB

  9. World Weather Source: USDC and USDA

  10. 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

  11. 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

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

  13. Corn Export Shifts Source: USDA-FAS

  14. Soy Export Shifts Source: USDA-FAS

  15. Corn Grind for Ethanol

  16. Ethanol Stocks

  17. Fuel Prices

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

  19. Current Corn Futures 6.74 5.54 5.33 Source: CME Group, 1/29/2013

  20. Current Soybean Futures 13.95 12.49 12.21 Source: CME Group, 1/29/2013

  21. Total Acreage Shift Source: USDA-NASS

  22. Acreage Shift by Crop Acreage change from 2011 Units: 1,000 acres Source: USDA-NASS

  23. Acreage Shift by State Top: Planted in 2012 Bottom: Change from 2011 Units: 1,000 acres Source: USDA-NASS

  24. Thoughts for 2013 and Beyond • Supply/demand concerns • Soil moisture issues • Biofuel and export strength • Worldwide response to drought-induced pricing • Risk management • Crop insurance • Price protection

  25. 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