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Commodity Situation and Outlook (Corn, Wheat, Soybeans, and Livestock)

Commodity Situation and Outlook (Corn, Wheat, Soybeans, and Livestock). National Turkey Federation Westin Hotel, Washington, DC October 24, 2011 http://www.usda.gov/oce/speeches/index.htm. World Corn Production. U.S. Corn Supply and Use 2010 Estimate and 2011/12 Forecasts.

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Commodity Situation and Outlook (Corn, Wheat, Soybeans, and Livestock)

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  1. Commodity Situation and Outlook(Corn, Wheat, Soybeans, and Livestock) National Turkey Federation Westin Hotel, Washington, DC October 24, 2011 http://www.usda.gov/oce/speeches/index.htm

  2. World Corn Production October 12, 2011

  3. U.S. Corn Supply and Use2010 Estimate and 2011/12 Forecasts

  4. Renewable Fuel Standard Source: Energy Independence and Security Act of 2007.

  5. U.S. Ethanol Production Capacity 2011 2012 2010 2009 2008 2007 2006 Source: Production capacity from Renewable Fuels Association. RFS from Energy Independence and Security Act of 2007.

  6. U.S. Blended Motor Gasoline Consumption 7.6 bil. gal. 5.3 bil. gal. Source: DOE-Energy Information Administration, Short-term Energy Outlook (STEO) and Annual Energy Outlook (AEO).

  7. Ethanol Producer Net Returns Above Variable Costs / Spot prices + 39 cents / gal. (10/14/11) Note: USDA-WAOB estimates based on USDA-AMS plant reports and DOE-EIA estimates and forecasts for natural gas and electricity prices.

  8. Ethanol and RBOB Nearby Futures Prices Reformulate Gasoline Blend Stock (RBOB) $0.12 Ethanol Note: Ethanol prices based on CBOT nearby futures. RBOB (Reformulated Gasoline Blend Stock) based on NYME nearby futures.

  9. Ethanol and RBOB Nearby Futures Spreads 45-cent blender credit Blending incentive (10/13/11) = $0.57 (Ethanol – RBOB) Note: Ethanol prices based on CBOT nearby futures. RBOB (Reformulated Gasoline Blend Stock) based on NYME nearby futures.

  10. World Wheat Production October 12, 2011

  11. U.S. Wheat Supply and Demand October 12, 2011

  12. World Soybean Production October 12, 2011

  13. U.S. Soybeans Supply and Use2010 Estimate and 2011/12 Forecasts

  14. China Soybean Imports Million Tons 56.5 million tons

  15. U.S. Soybean Meal Supply and Demand October 12, 2011

  16. U.S. Soybean Oil Supply and Demand October 12, 2011

  17. Soybean Meal Prices 1995 - 2011 Dollars per ton

  18. Soybean Oil Prices 1995 - 2011 Cents per pound

  19. U.S. Monthly Biodiesel Production

  20. U.S. Domestic Soybean Oil-based Biodiesel Production Margin

  21. Biodiesel Price Comparisons

  22. Renewable Fuel Mandates(RFS 2 -- Excluding Corn-Based)

  23. Soybean/Corn Price Ratio ratio 2.10 1.92

  24. Soybean Price(Brazilian Real)

  25. September 12, 2011

  26. U.S. Meat Production and Prices October 12, 2011

  27. U.S. Meat TradeMillion Pounds October 12, 2011

  28. World Cotton Production October 12, 2011

  29. U.S. Cotton Supply and Demand October 12, 2011

  30. U.S. Agricultural Exports and the Dollar

  31. U.S. Agricultural Trade

  32. U.S. Consumer Prices

  33. U.S. Consumer Food Prices

  34. U.S. Consumer Food PricesJanuary 2008-August 2011

  35. U.S. Cash Farm Income

  36. Cash Receipts

  37. END (Summary Tables Follow)

  38. Production Summary October 12, 2011

  39. Domestic Demand Summary October 12, 2011

  40. U.S. Export Summary October 12, 2011

  41. Price Summary October 12, 2011

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