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Soybean Situation and Outlook

Soybean Situation and Outlook. 2010 Midwest/Great Plains /Western Outlook Conference Omaha, Nebraska August 17, 2010 Chad Hart Assistant Professor/Grain Markets Specialist chart@iastate.edu 515-294-9911. Image Source: Scott Bauer, USDA-ARS. U.S. Soybean Supply and Use. Source: USDA.

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Soybean Situation and Outlook

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  1. Soybean Situation and Outlook 2010 Midwest/Great Plains /Western Outlook Conference Omaha, Nebraska August 17, 2010 Chad Hart Assistant Professor/Grain Markets Specialist chart@iastate.edu 515-294-9911 Image Source: Scott Bauer, USDA-ARS

  2. U.S. Soybean Supply and Use Source: USDA

  3. Source: USDA, Crop Progress

  4. U.S. Soybean Yields Source: USDA-NASS

  5. Projections based on Crop Conditions

  6. Source: USDA-NASS

  7. Aug.-Oct. Temperature Outlook Source: NOAA-NWS-CPC

  8. Aug.-Oct. Precipitation Outlook Source: NOAA-NWS-CPC

  9. U.S. Soybean Oil Supply and Use Source: USDA

  10. U.S. Soybean Meal Supply and Use Source: USDA

  11. World Soybean Production Source: USDA

  12. Soybeans – Argentina & Brazil Source: USDA

  13. Population Source: U.S. Bureau of the Census, International Data Base

  14. World Consumption Growth In 2020, we will use 26 billion bushels of wheat, 36 billion bushels of corn, and 11 billion bushels of soybeans. In 2000, we used 21.5 billion bushels of wheat, 24 billion bushels of corn, and 6 billion bushels of soybeans. Sources: USDA, FAPRI

  15. Exchange Rates (Jan. 2009 = 1) Source: USDA-ERS

  16. Soybean Export Sales Source: USDA-FAS

  17. 2009 U.S. Soybean Exports Source: USDA-FAS

  18. Advance Sales Source: USDA-FAS

  19. Advance Sales Source: USDA-FAS

  20. Renewable Fuels Standard (RFS)

  21. Biodiesel Production

  22. Biodiesel Margins Source: ISU-CARD

  23. Soy

  24. Input Costs Source: USDA, Agricultural Prices, July 30, 2010

  25. Iowa Soybean Prices vs. Costs

  26. Projected 2009 Season-Average Soy Price

  27. Projected 2010 Season-Average Soy Price

  28. Projected 2011 Season-Average Soy Price

  29. Projected 2011 Price Movements

  30. Thank you for your time!Any questions?My web site:http://www.econ.iastate.edu/faculty/hart/Iowa Farm Outlook:http://www.econ.iastate.edu/outreach/agriculture/periodicals/ifo/Ag Decision Maker:http://www.extension.iastate.edu/agdm/

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