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World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts

World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts. Lockup Briefing April 9, 2014. World Wheat Production. World Wheat Supply and Use. World Corn and Wheat Exports Trade Years*. *Corn trade year October-September. Wheat trade year July-June.

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World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts

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  1. World Agricultural Outlook BoardInteragency Commodity Estimates Committee Forecasts Lockup Briefing April 9, 2014

  2. World Wheat Production April 9, 2014

  3. World Wheat Supply and Use April 9, 2014

  4. World Corn and Wheat ExportsTrade Years* *Corn trade year October-September. Wheat trade year July-June. Source: USDA-FAS, Office of Global Analysis, Grains:World Markets and Trade, March 10, 2014 April 9, 2014

  5. U.S. Wheat Supply and Demand April 9, 2014

  6. World Rice Production April 9, 2014

  7. World Rice Supply and Use April 9, 2014

  8. U.S. Rice Supply and DemandRough Equivalent of Rough and Milled Rice April 9, 2014

  9. World Corn Production April 9, 2014

  10. Brazil 2013/14 Corn SummaryApril 2014 *Indicates a record April 9, 2014

  11. Brazil Corn: First-season compared to Second-season First-season Corn Second-season Corn Planting began in Feb. 2014. High cost of production and low prices result in unprofitability. Area down 0.7 Mhafrom last year. Rains in Parana, Mato Grosso do Sul, Goias and Mato Grosso have increased yield potential. Corn production for export market. • Planting began in September 2013. • Area down 0.4 Mha from last year. • Crop is harvested. • Some damage from heat and drought. • Corn production used by livestock industry. April 9, 2014

  12. Agricultural Weather Assessments World Agricultural Outlook Board Average 2012/13 2013/14 Since Last Meeting 2nd Corn (DERAL) 99% Planted Mar 30: 82% vegetative 14% flowering 3% filling 92% Good / 1% Poor April 9, 2014

  13. 1 2 3 April 9, 2014

  14. Second-crop corn 3. Toledo, Parana, Brazil Satellite-derived vegetation health indicates conditions for 2013/14 (RED) are similar to 2012/13 season (YELLOW) for corn in Parana. Corn yields are forecast similar to last year’s 4.83 tons per hectare. Critical flowering and grainfill stages for second-crop corn are expected in late April and early May. April 9, 2014

  15. South Africa’s Grain Basket Approximately 50% of production is divided between east and west. East: Higher yields & less corn area West: Lower yields & greater corn area Gautang North West Mpumalanga Free State April 9, 2014

  16. Lower Yields in the West Lower yields in the west due to lower rainfall and low plant density from wide row spacings (>1.5-meters). April 9, 2014 16

  17. Monthly Actual Evapotranspiration (ETa) AnomalyDerived from Thermal Band on MODIS sensor Percent of Average (2001-2010) Mar, 2014 Feb, 2014 Dec, 2013 Jan, 2014 Source: FEWSNET/USGS Africa: http://earlywarning.usgs.gov/adds/africa/index.phpGlobal:  http://earlywarning.usgs.gov/fews/global/index.php April 9, 2014 17

  18. Agricultural Weather Assessments World Agricultural Outlook Board 2013/14 Average 2012/13 April 9, 2014

  19. North West Province: MODIS-NDVI Time Series April 9, 2014 Source: USDA/NASA GLAM Project http://glam1.gsfc.nasa.gov/ 19

  20. Latest trend is to install center pivots (CP) with smaller diameters. April 9, 2014

  21. World Corn Supply and Use April 9, 2014

  22. U.S. Corn Supply and Demand April 9, 2014

  23. World Soybean Production April 9, 2014

  24. Brazil 2013/14 Soybean SummaryApril 2014 *Indicates a record April 9, 2014

  25. Hot and dry in early February 2014. About 40 percent of production. April 9, 2014

  26. U.S. Soybean Supply and Demand April 9, 2014

  27. World Cotton Production April 9, 2014

  28. World Cotton Supply and Use April 9, 2014

  29. U.S. Cotton Supply and Demand April 9, 2014

  30. Mexico Sugar Supply and Demand April 9, 2014

  31. U.S. Sugar Supply and Demand April 9, 2014

  32. U.S. Meat Production and Prices April 9, 2014

  33. U.S. Meat TradeMillion Pounds April 9, 2014

  34. U.S. Milk Supply and Demand April 9, 2014

  35. U.S. Dairy Product Prices April 9, 2014

  36. U.S. Production Summary April 9, 2014

  37. Domestic Demand Summary April 9, 2014

  38. U.S. Export Summary April 9, 2014

  39. Price Summary April 9, 2014

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