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2013 Crop Outlook

2013 Crop Outlook. 2013 National Agricultural Credit Conference San Diego, California Apr. 17, 2013 Chad Hart Associate Professor/Crop Markets Specialist chart@iastate.edu 515-294-9911. U.S. Corn Supply and Use. Source: USDA-WAOB, for 2009-12. U.S. Soybean Supply and Use.

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2013 Crop Outlook

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  1. 2013 Crop Outlook 2013 National Agricultural Credit Conference San Diego, California Apr. 17, 2013 Chad Hart Associate Professor/Crop Markets Specialist chart@iastate.edu 515-294-9911

  2. U.S. Corn Supply and Use Source: USDA-WAOB, for 2009-12

  3. U.S. Soybean Supply and Use Source: USDA-WAOB, for 2009-12

  4. U.S. Wheat Supply and Use Source: USDA-WAOB, for 2009-12

  5. U.S. Cotton Supply and Use Source: USDA-WAOB, for 2009-12

  6. Price Ratios Since June 1

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

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

  9. Cotton Yields Top: 2012 Yield Bottom: Change from 2011 Units: Pounds/acre Source: USDA-NASS

  10. Winter Wheat Acreage Top: 2013 Planted Acreage Bottom: Change from 2012 Units: 1,000 acres Source: USDA-NASS

  11. Snow Cover Source: USDA-WAOB and NOAA

  12. World Corn Production Source: USDA-WAOB

  13. World Soybean Production Source: USDA-WAOB

  14. World Wheat Production Source: USDA-WAOB

  15. World Cotton Production Source: USDA-WAOB

  16. 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

  17. 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

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

  19. Corn Export Shifts Source: USDA-FAS

  20. Soy Export Shifts Source: USDA-FAS

  21. Wheat Export Shifts Source: USDA-FAS

  22. Cotton Export Shifts Source: USDA-FAS

  23. Source: USDA-WAOB

  24. Corn Grind for Ethanol

  25. Ethanol Stocks

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

  27. Current Corn Futures Source: CME Group, 4/12/2013

  28. Current Soybean Futures Source: CME Group, 4/12/2013

  29. Current Wheat Futures Source: KCBOT, 4/12/2013

  30. Current Cotton Futures Source: ICE, 4/12/2013

  31. Total Acreage Shift Source: USDA-NASS

  32. Acreage Shift by Crop Acreage change from 2012 Units: 1,000 acres Source: USDA-NASS

  33. Acreage Shift by State Top: Intended planting in 2013 Bottom: Change from 2012 Units: 1,000 acres Source: USDA-NASS

  34. 3 Month Outlook - Precip

  35. 3 Month Outlook - Temps

  36. Thoughts for 2013 and Beyond • Supply/demand concerns • Soil moisture issues • Biofuel and export strength • Worldwide response to drought-induced pricing

  37. 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/

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