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2011 Crop Market Outlook. Coleman Research Group Presentation Apr. 13, 2011 Chad Hart Assistant Professor/Grain Markets Specialist chart@iastate.edu 515-294-9911. U.S. Corn Supply and Use. Source: USDA. U.S. Soybean Supply and Use. Source: USDA. U.S. Wheat Supply and Use. Source: USDA.
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2011 Crop Market Outlook Coleman Research Group Presentation Apr. 13, 2011 Chad Hart Assistant Professor/Grain Markets Specialist chart@iastate.edu 515-294-9911
U.S. Corn Supply and Use Source: USDA
U.S. Soybean Supply and Use Source: USDA
U.S. Wheat Supply and Use Source: USDA
World Corn Production Source: USDA
World Soybean Production Source: USDA
World Wheat Production Source: USDA
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: Shane Ellis, ISU Extension
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: Shane Ellis, ISU Extension
Corn Export Sales Source: USDA, FAS
Corn Advance Export Sales Source: USDA, FAS
Soybean Export Sales Source: USDA, FAS
Soy Advance Export Sales Source: USDA, FAS
Wheat Export Sales Source: USDA, FAS
Wheat Advance Export Sales Source: USDA, FAS
Ethanol Margins Source: ISU, CARD
Principal Crop Area Source: USDA-NASS
Crop Shifts Source: USDA-NASS
Planting Forecast Temperature Precipitation Source: NWS-CPC
Thoughts for 2011 and Beyond • General economic conditions • Continued worldwide economic recovery is a major key for crop prices • Supply/demand concerns • Planting intentions vs. realizations • Biofuel growth and energy demand • Will supply be able to keep pace with demand?
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/