Corn Situation and Outlook
27
Corn Situation and Outlook Historical Perspective and Outlook for 2005
description
Corn Situation and Outlook. Historical Perspective and Outlook for 2005. Corn Production, Ending Stocks, and Price, 1992-2005. U.S. Corn Ending Stocks and Price, 1992-2005. U.S. & Foreign Corn Ending Stocks 1996-2005. Supply/Demand Projections:2005/2006. - PowerPoint PPT Presentation
Transcript of Corn Situation and Outlook
Corn Situation and Outlook
Historical Perspective and Outlook for 2005
Corn Production, Ending Stocks, and Price, 1992-2005
0
2000
4000
6000
8000
10000
12000
14000
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Mill
ion
bu
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
Production Ending Stocks Price/Bu
U.S. Corn Ending Stocks and Price, 1992-2005
0
500
1000
1500
2000
2500
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Mill
ion
bu
$1.50
$1.70
$1.90
$2.10
$2.30
$2.50
$2.70
$2.90
$3.10
$3.30
$3.50
Ending Stocks Price/Bu
U.S. & Foreign Corn Ending Stocks 1996-2005
0
1000
2000
3000
4000
5000
6000
7000
8000
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005Year
Mil
lio
n b
ush
els
Foreign Stocks U.S. Ending Stocks
Supply/Demand Projections:2005/2006 Corn ----------Supply/Demand ----------
Low/High Exp/Exp High/Low
Beginning Stocks(MB) 2125 2125 2125
Acres (M. P. A.) 80.6 81.6 82.6
Supply(M. Bu) 12358 12774 13191
Use:
Feed 5825
Food, Seed 2870
Exports 2000
Ending Stocks 1613 2079 2545
Projected Price $2.10 $1.90 $1.65
Wheat Situation and Outlook
Historical Perspective and Outlook for 2005
Wheat Production, Ending Stocks, and Price, 1993-2005
0
500
1000
1500
2000
2500
3000
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Mil
lio
n B
u
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
Production Ending Stocks Price/Bu
U.S. Wheat Ending Stocks and Price, 1993-2005
0
200
400
600
800
1000
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Mil
lio
n B
u
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
Ending Stocks Price/Bu
U.S. & Foreign Wheat Ending Stocks, 1996-2005
0
1000
2000
3000
4000
5000
6000
7000
8000
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005Year
Mil
lio
n b
ush
els
Foreign Ending Stocks U.S. Ending Stocks
Supply/Demand Projections:2005/2006 Wheat ----------Supply/Demand ----------
Low/High Exp/Exp High/Low
Beginning Stocks(MB) 540 540 540
Acres (M. A. Planted) 57.8 58.1 58.4
Supply(M. Bu) 2756 2787 2819
Use:
Food, Seed 988
Feed, Resid 200
Exports 975
Ending Stocks 538 624 710
Projected Price $3.25 $3.15 $2.65
Soybean Situation and Outlook
Historical Perspective and Outlook for 2005
Soybean Production, Ending Stocks, and Price, 1993-2005
0
500
1000
1500
2000
2500
3000
3500
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Mil
lio
n B
u
$0.00
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
$8.00
Production Ending Stocks Price/Bu
U.S. Soybean Ending Stocks and Price, 1993-2005
0
50
100
150
200
250
300
350
400
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Mil
lio
n B
u
$4.00
$4.50
$5.00
$5.50
$6.00
$6.50
$7.00
$7.50
$8.00
Ending Stocks Price/Bu
U.S. & Foreign Soybean Ending Stocks, 1996-2005
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200
400
600
800
1000
1200
1400
1600
1800
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005Year
Mil
lio
n B
ush
els
Foreign Ending Stocks U.S. Ending Stocks
U.S. & Foreign Soybean Meal Ending Stocks, 1997-2005
0
1
2
3
4
5
6
1998 1999 2000 2001 2002 2003 2004 2005Year
Mil
lio
n M
etri
c T
on
s
Foreign Ending Stocks U.S. Ending Stocks
U.S. & Foreign Soybean Oil Ending Stocks, 1997-2005
0
1
1
2
2
3
3
1998 1999 2000 2001 2002 2003 2004 2005Year
Mill
ion
Me
tric
To
ns
Foreign Ending Stocks U.S. Ending Stocks
Supply/Demand Projections:2005/2006 Soybeans ----------Supply/Demand ----------
Low/High Exp/Exp High/Low
Beginning Stocks(MB) 295 295 295
Acres (M. P. A.) 72.6 73.1 73.6
Supply(M. Bu) 3017 3155 3294
Use:
Crushing 1685
Exports 1115
Seed, Feed 150
Ending Stocks 144 205 266
Projected Price $5.80 $5.40 $5.05
Grain Sorghum Situation and Outlook
Historical Perspective and Outlook for 2005
Sorghum Production, Ending Stocks, and Price, 1996-2005
0.00
100.00
200.00
300.00
400.00
500.00
600.00
700.00
800.00
900.00
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Mil
lio
n B
u
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
Production Ending Stocks Price/Bu
U.S. Sorghum Ending Stocks and Price, 1996-2005
0.00
10.00
20.00
30.00
40.00
50.00
60.00
70.00
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Mil
lio
n B
u
$1.50
$1.75
$2.00
$2.25
$2.50
$2.75
$3.00
Ending Stocks Price/Bu
Supply/Demand Projections:2004/2005Sorghum ----------Supply/Demand ----------
Low/High Exp/Exp High/Low
Beginning Stocks(MB) 46.0 46.0 46.0
Acres (M. P. A.) 6.9 7.0 7.2
Supply(M. Bu) 426 444 461
Use:
Food & Seed 53
Exports 180
Feed 165
Ending Stocks 29 46 63
Projected Price $1.90 $1.70 $1.50
Cotton Situation and Outlook
Historical Perspective and Outlook for 2005
Cotton Production, Ending Stocks, and Price, 1993-2005
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5000
10000
15000
20000
25000
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Th
ou
sa
nd
Ba
les
0
10
20
30
40
50
60
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80
90
Production Ending Stocks Price(cents/lb)
U.S. Cotton Ending Stocks and Price, 1993-2005
0
1000
2000
3000
4000
5000
6000
7000
8000
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Th
ou
sa
nd
Ba
les
30
35
40
45
50
55
60
65
70
75
80
Ending Stocks Price(cents/lb)
U.S. & Foreign Cotton Ending Stocks, 1997-2004
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10000
20000
30000
40000
50000
60000
1997 1998 1999 2000 2001 2002 2003 2004 2005Year
Th
ou
san
d B
ales
Foreign Ending Stocks U.S. Ending Stocks
Supply/Demand Projections:2004/2005 Cotton ----------Supply/Demand ----------
Low/High Exp/Exp High/Low
Beginning Stocks(MB) 5.8 5.8 5.8
Acres (M. P. A.) 13.9 14.2 14.5
Supply(MB) 27.0 28.1 29.2
Use:
Domestic 5.8
Exports 15.3
Ending Stocks 5.1 7.0 9.0
Projected Price
What Could Change The Outlook?
South America Plant Mix Non-Farm Economic Conditions in U.S.,
World – Oil Supplies, War Exchange Rates China Weather
