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World Feed and Food Supply and Demand

World Feed and Food Supply and Demand. Governors’ Agriculture, Energy, and Sustainability Roundtable Governors’ Biofuels Coalition Washington, DC January 28, 2010 Gerald A. Bange Chairperson, World Agricultural Outlook Board United States Department of Agriculture. Wheat Futures Prices.

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World Feed and Food Supply and Demand

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  1. World Feed and Food Supply and Demand Governors’ Agriculture, Energy, and Sustainability Roundtable Governors’ Biofuels Coalition Washington, DC January 28, 2010 Gerald A. Bange Chairperson, World Agricultural Outlook Board United States Department of Agriculture

  2. Wheat Futures Prices Nearby Futures Contracts Source: Chicago Board of Trade, Kansas Board of Trade, and Minneapolis Grain Exchange settlement prices.

  3. Global Wheat Production & Consumption Source: USDA-WAOB, World Agricultural Supply and Demand Estimates, January 12, 2010.

  4. Australia Wheat Production Source: USDA-WAOB, World Agricultural Supply and Demand Estimates, January 12, 2010.

  5. World Wheat Production January 12, 2010

  6. U.S. Wheat Area and Yields Planted area Yields Source: USDA-WAOB, World Agricultural Supply and Demand Estimates, January 12, 2010.

  7. Foreign Wheat Area and Yields Yields Harvested area Source: USDA-WAOB, World Agricultural Supply and Demand Estimates, January 12, 2010.

  8. Wheat Production by Other Major Exporters Source: USDA-WAOB, World Agricultural Supply and Demand Estimates, January 12, 2010.

  9. Global Wheat Ending Stocks Source: USDA-WAOB, World Agricultural Supply and Demand Estimates, January 12, 2010.

  10. U.S. Wheat Supply and Demand January 12, 2010

  11. Corn Futures Prices Nearby CBOT Corn Futures Source: Chicago Board of Trade settlement prices.

  12. Global Corn Production & Consumption Source: USDA-WAOB, World Agricultural Supply and Demand Estimates, January 12, 2010.

  13. RFS and Corn Ethanol Use * 2008/09 and 2009/10 projected based on the World Agricultural Supply and Demand Estimates, January 12, 2010. Projections for 2010/11-2015/16 are from USDA Agricultural Projections to 2018, February 2009.

  14. U.S. Corn Planted Area 1997-2006 avg. = 79.1 Source: USDA-NASS, Crop Production 2009 Summary, January 12, 2010.

  15. World Corn Production January 12, 2010

  16. Global Corn Ending Stocks Source: USDA-WAOB, World Agricultural Supply and Demand Estimates, January 12, 2010.

  17. U.S. Corn Supply and Demand January 12, 2010

  18. Ethanol Producer Net Returns Above Variable Costs Note: USDA-WAOB estimates based on USDA-AMS plant reports and DOE-EIA estimates and forecasts for natural gas and electricity prices.

  19. Ethanol and RBOB Nearby Futures Prices Reformulate Gasoline Blend Stock (RBOB) Ethanol Note: Ethanol prices based on CBOT nearby futures. RBOB (Reformulated Gasoline Blend Stock) based on NYME nearby futures.

  20. U.S. Ethanol Production Capacity Source: Renewable Fuels Association and Energy Independence and Security Act of 2007.

  21. U.S. Corn Used for Ethanol Note: 2008/09 and 2009/10 projected based on the World Agricultural Supply and Demand Estimates, January 12, 2010. Projections for 2010/11-2018/19 are from USDA Agricultural Projections to 2018, February 2009.

  22. U.S. Blended Motor Gasoline Consumption 9.3 bil. gal. 3.4 bil. gal. 8.1 bil. gal. Source: DOE-Energy Information Administration, Short-term Energy Outlook (STEO) and Annual Energy Outlook (AEO).

  23. U.S. Corn Feed & Residual Use Source: USDA-WAOB, World Agricultural Supply and Demand Estimates, January 12, 2010.

  24. Corn Processing Feed Co-product Production Note: Based on food, seed, and industrial use, USDA-WAOB, World Agricultural Supply and Demand Estimates, January 12, 2010.

  25. China Corn Production & Consumption Source: USDA-WAOB, World Agricultural Supply and Demand Estimates, January 12, 2010.

  26. U.S. and China Corn Yields Source: USDA-WAOB, World Agricultural Supply and Demand Estimates, January 12, 2010.

  27. World Soybean Production January 12, 2010

  28. Argentina and Brazil soy production losses set the stage for 2009/10 -18 million tons or 660 mil bu Million Tons

  29. Global soybean production rises 20% in 2009/10 +43 million tons or 1.6 bil. bu. Million Tons

  30. Global oilseed stocks rebuild after 2-year decline Million Tons +16 mil tons

  31. U.S. Soybean Supply and Demand January 12, 2010

  32. Lower S. American stocks in Fall 2009 boost U.S. exports in 2009/10 Million Tons -13 million tons or 470 mil bu

  33. U.S. Soybean Exports 1.375 bil bushels

  34. China soybean imports now account for 54% of global trade Million Tons 42 million tons

  35. Global Soybean Exports U.S. gains share vs S. America

  36. U.S. Biodiesel Mandate . . .

  37. U.S. Biodiesel Production Capacity Source: NBB website

  38. U.S. Domestic Soybean Oil-based Biodiesel Production Margin Dollar per gal. blending credit expired Jan 1

  39. Other fats and oils account for about half of total biodiesel production Million lbs. Soybean oil: 84% 2006/07 59% 2007/08 45% 2008/09

  40. In the U.S. canola and palm oil continue to replace soybean oil in the edible use category Billion lbs. Canola + palm = 27% of 3-oil total vs. 13% in 2004/05

  41. Brazil, Argentina Industrial Use of Soybean Oil Million Tons

  42. Vegetable oil used for EU biofuel production 35% of global total Million Tons

  43. World Rice Production January 12, 2010

  44. U.S. Meat Production and Prices January 12, 2010

  45. U.S. Milk Supply and Demand January 12, 2010

  46. END

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