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Corn Situation and Outlook

Corn Situation and Outlook. Historical Perspective and Outlook for 2007. Corn Production, Ending Stocks, and Price, 1992-2007. U.S. Corn Ending Stocks and Price, 1992-2007. U.S. & Foreign Corn Ending Stocks 1996-2007. Supply/Demand Projections:2007/2008.

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Corn Situation and Outlook

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  1. Corn Situation and Outlook Historical Perspective and Outlook for 2007

  2. Corn Production, Ending Stocks, and Price, 1992-2007

  3. U.S. Corn Ending Stocks and Price, 1992-2007

  4. U.S. & Foreign Corn Ending Stocks 1996-2007

  5. Supply/Demand Projections:2007/2008 Corn ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 1304 1304 1304 Acres (MPA) 93.2 93.6 94.0 Acres (MHA) 85.7 86.1 86.5 Yield 152.0 153.0 154.0 Supply(M. Bu) 14350 14487 14635 Use: Feed 5650 Ethanol 3200 Food, Seed 1390 Exports 2450 Ending Stocks 1443 1797 2151 Projected Price $4.00 $3.60 $3.20

  6. Wheat Situation and Outlook Historical Perspective and Outlook for 2007

  7. Wheat Production, Ending Stocks, and Price, 1993-2007

  8. U.S. Wheat Ending Stocks and Price, 1993-2007

  9. U.S. & Foreign Wheat Ending Stocks, 1996-2007

  10. Supply/Demand Projections:2007/2008 Wheat ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 456 456 456 Acres (M. A. Planted) 60.3 60.4 60.5 Acres (M.A. Harvested) 50.9 51.0 51.1 Yield 40.4 40.5 40.6 Supply(M. Bu) 2603 2613 2620 Use: Food, Seed 1033 Feed, Resid 125 Exports 1175 Ending Stocks 256 280 304 Projected Price $6.75 $6.25 $5.75

  11. Soybean Situation and Outlook Historical Perspective and Outlook for 2007

  12. Soybean Production, Ending Stocks, and Price, 1993-2007

  13. U.S. Soybean Ending Stocks and Price, 1993-2007

  14. U.S. & Foreign Soybean Ending Stocks, 1996-2007

  15. U.S. & Foreign Soybean Meal Ending Stocks, 1997-2007

  16. U.S. & Foreign Soybean Oil Ending Stocks, 1997-2007

  17. Supply/Demand Projections:2007/2008 Soybeans ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 573 573 573 Acres (MA Planted) 63.5 63.7 63.9 Acres (MA Harvested) 62.6 62.8 63.0 Yield 40.8 41.3 41.8 Supply(M. Bu) 3133 3173 3212 Use: Crushing 1830 Exports 995 Seed, Feed 163 Ending Stocks 137 185 233 Projected Price $10.75 $9.50 $8.75

  18. Grain Sorghum Situation and Outlook Historical Perspective and Outlook for 2007

  19. Sorghum Production, Ending Stocks, and Price, 1996-2007

  20. U.S. Sorghum Ending Stocks and Price, 1996-2007

  21. Supply/Demand Projections:2007/2008 Sorghum ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 32.0 32.0 32.0 Acres (M. P. A.) 7.6 7.7 7.8 Supply(M. Bu) 532 547 559 Use: Food & Seed 35 Exports 275 Feed 180 Ending Stocks 40 57 74 Projected Price $3.75 $3.50 $3.25

  22. Cotton Situation and Outlook Historical Perspective and Outlook for 2007

  23. Cotton Production, Ending Stocks, and Price, 1993-2007

  24. U.S. Cotton Ending Stocks and Price, 1993-2007

  25. U.S. & Foreign Cotton Ending Stocks, 1997-2007

  26. Supply/Demand Projections:2007/2008 Cotton ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 9.5 9.5 9.5 Acres (M. P. A.) 10.8 10.85 10.9 Acres (MA Harvested) 10.5 10.54 10.6 Yield 856 864 872 Supply(MB) 28.2 28.5 28.7 Use: Domestic 4.6 Exports 16.2 Ending Stocks 6.1 7.7 9.4 Projected Price/cwt $68 $62 $56

  27. What Could Change The Outlook? • South America • Plant Mix • Non-Farm Economic Conditions in U.S., World – Oil Supplies, War • Exchange Rates • China • Weather

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