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

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Corn situation and outlook

Corn Situation and Outlook

Historical Perspective and Outlook for 2008





Supply demand projections 2007 2008
Supply/Demand Projections:2007/2008

Corn ----------Supply/Demand ----------

Low/High Exp/Exp High/Low

Beginning Stocks(MB) 1304 1304 1304

Acres (MPA) 93.5 93.6 93.7

Acres (MHA) 86.4 86.5 86.6

Yield 151.0 151.1 151.2

Supply(M. Bu) 14337 14393 14412

Use:

Feed 5950

Ethanol 3200

Food, Seed 1355

Exports 2450

Ending Stocks 1251 1438 1625

Projected Price $4.50 $4.00 $3.50


Wheat situation and outlook

Wheat Situation and Outlook

Historical Perspective and Outlook for 2008





Supply demand projections 2007 20081
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 1031

Feed, Resid 115

Exports 1175

Ending Stocks 267 292 317

Projected Price $6.75 $6.50 $6.25


Soybean situation and outlook

Soybean Situation and Outlook

Historical Perspective and Outlook for 2008







Supply demand projections 2007 20082
Supply/Demand Projections:2007/2008

Soybeans ----------Supply/Demand ----------

Low/High Exp/Exp High/Low

Beginning Stocks(MB) 574 574 574

Acres (MA Planted) 63.5 63.6 63.7

Acres (MA Harvested) 62.7 62.8 62.9

Yield 40.8 41.2 41.5

Supply(M. Bu) 3138 3165 3190

Use:

Crushing 1830

Exports 995

Seed, Feed 165

Ending Stocks 137 175 213

Projected Price $11.50 $10.50 $9.50


Grain sorghum situation and outlook

Grain Sorghum Situation and Outlook

Historical Perspective and Outlook for 2008




Supply demand projections 2007 20083
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) 528 537 543

Use:

Food & Seed 35

Exports 285

Feed 175

Ending Stocks 29 42 55

Projected Price $4.25 $4.00 $3.75


Cotton situation and outlook

Cotton Situation and Outlook

Historical Perspective and Outlook for 2008





Supply demand projections 2007 20084
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.) 10.82 10.83 10.84

Acres (MA Harvested) 10.48 10.49 10.50

Yield 866 871 875

Supply(MB) 28.4 28.5 28.6

Use:

Domestic 4.6

Exports 16.0

Ending Stocks 6.6 7.9 9.2

Projected Price/cwt $68 $64 $62


What could change the outlook
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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