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Crop Market Outlook

This report provides an analysis of the US corn and soybean supply, planted areas, global production, livestock crush margins, export sales, commodity prices, and crop margins for the 2015/16 and 2016/17 seasons.

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Crop Market Outlook

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  1. Crop Market Outlook Mar. 31, 2016 Chad Hart Associate Professor/Crop Markets Specialist chart@iastate.edu 515-294-9911

  2. U.S. Corn Supply and Use Source: USDA-WAOB, adjusted for Mar. reports

  3. U.S. Soybean Supply and Use Source: USDA-WAOB, adjusted for Mar. reports

  4. Corn Prospective Plantings Top: 2016 Plantings Bottom: Change from last year Units: 1,000 acres Source: USDA-NASS

  5. Soybean Prospective Plantings Top: 2016 Plantings Bottom: Change from last year Units: 1,000 acres Source: USDA-NASS

  6. Change in Planted Area Units: 1,000 acres Source: USDA-NASS

  7. World Corn Production Source: USDA-WAOB

  8. World Soybean Production Source: USDA-WAOB

  9. 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

  10. 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

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

  12. Corn Export Sales Source: USDA-FAS

  13. Soybean Export Sales Source: USDA-FAS

  14. Strength of the U.S. Dollar Source: Federal Reserve

  15. Crude Oil Prices Sources: EIA and CME

  16. Corn Grind for Ethanol

  17. Ethanol Stocks

  18. Current Corn Futures 3.64 3.57 3.48 Source: CME Group, 3/31/2016

  19. Current Soybean Futures 8.79 8.80 8.74 Source: CME Group, 3/31/2016

  20. 2015/16 Crop Margins

  21. 2016/17 Crop Margins

  22. Iowa Corn Prices vs. Costs

  23. Iowa Soybean Prices vs. Costs

  24. Thank you for your time!Any questions?My web site:http://www2.econ.iastate.edu/faculty/hart/Iowa Farm Outlook:http://www2.econ.iastate.edu/ifo/Ag Decision Maker:http://www.extension.iastate.edu/agdm/

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