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Gain insights on the U.S. corn and soybean markets from the National Chicken Council’s 57th Annual Conference. Explore supply, use estimates, pricing trends, biofuel production, renewable fuel mandates, and global production data.
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National Chicken Council’s 57th Annual Conference Situation & Outlook Panel October 5, 2011 Gerald A. Bange, Chairperson World Agricultural Outlook Board Office of the Chief Economist U.S. Department of Agriculture Washington, D.C.
Ethanol Producer Net Returns Above Variable Costs / Spot prices + 37 cents / gal. (9/30/11) Note: USDA-WAOB estimates based on USDA-AMS plant reports and DOE-EIA estimates and forecasts for natural gas and electricity prices.
Ethanol and RBOB Nearby Futures Prices Reformulate Gasoline Blend Stock (RBOB) $0.12 Ethanol Note: Ethanol prices based on CBOT nearby futures. RBOB (Reformulated Gasoline Blend Stock) based on NYME nearby futures.
U.S. Soybeans Supply and Use2010 Estimate and 2011/12 Forecasts
Soybean Meal Prices 1995 - 2011 Dollars per ton
Monthly canola oil stocks Mil. Lbs.
Soybean/Corn Price Ratio (March 2012 Futures) ratio 2.07 1.94
World Corn Production September 12, 2011
Soybean Price (in Brazilian Real) $9.50/bu $13.00/bu