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Crop Market & Farm Policy Outlook

Crop Market & Farm Policy Outlook. ISU Extension Crops Team In-Service Ames, Iowa Apr. 4, 2017 Chad Hart Associate Professor/Crop Marketing Specialist chart@iastate.edu 515-294-9911. U.S. Corn Supply and Use. Source: USDA-WAOB 2013-16, USDA-OCE 2017. U.S. Soybean Supply and Use.

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Crop Market & Farm Policy Outlook

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  1. Crop Market & Farm Policy Outlook ISU Extension Crops Team In-Service Ames, Iowa Apr. 4, 2017 Chad Hart Associate Professor/Crop Marketing Specialist chart@iastate.edu 515-294-9911

  2. U.S. Corn Supply and Use Source: USDA-WAOB 2013-16, USDA-OCE 2017

  3. U.S. Soybean Supply and Use Source: USDA-WAOB 2013-16, USDA-OCE 2017

  4. Corn Acreage Top: 2016 Plantings Bottom: Change from last year Units: 1,000 acres Source: USDA-NASS

  5. Soybean Acreage Top: 2016 Plantings Bottom: Change from last year Units: 1,000 acres Source: USDA-NASS

  6. Drought Monitor Source: National Drought Mitigation Center

  7. U.S. Meat Production & Prices Source: USDA-WAOB

  8. U.S. Meat Trade Source: USDA-WAOB

  9. Change in Corn Export Sales Source: USDA-FAS

  10. Change in Soybean Export Sales Source: USDA-FAS

  11. Corn Grind for Ethanol

  12. Current Corn Futures 4.04 3.92 3.50 Source: CME Group, 4/3/2017

  13. Current Soybean Futures 9.48 9.38 9.30 Source: CME Group, 4/3/2017

  14. 2017/18 Crop Margins

  15. Iowa Corn Prices vs. Costs

  16. Iowa Soybean Prices vs. Costs

  17. Ag Policy News No Secretary of Ag yet, Mr. Perdue has passed the Senate Ag Committee, but has yet to be voted on by the full Senate. The House and Senate Ag Committees have begun their exploratory hearings for the 2018 Farm Bill, but no firm policy declarations have been made. What little we have on ag policy comes from the President’s Executive Orders and the Budget.

  18. Ag-Related Executive Orders • March 31, 2017 • Presidential Executive Order on Establishing Enhanced Collection and Enforcement of Antidumping and Countervailing Duties and Violations of Trade and Customs Laws • Presidential Executive Order Regarding the Omnibus Report on Significant Trade Deficits • Feb. 28, 2017 • Presidential Executive Order on Restoring the Rule of Law, Federalism, and Economic Growth by Reviewing the "Waters of the United States" Rule • Jan. 23, 2017 • Presidential Memorandum Regarding Withdrawal of the United States from the Trans-Pacific Partnership Negotiations and Agreement

  19. President’s Budget Request Source: OMB, 2017 Budget

  20. President’s Budget Request Source: OMB, 2017 Budget

  21. President’s Budget Request Source: OMB, 2017 Budget

  22. President’s Budget Request Source: OMB, 2017 Budget

  23. USDA’s Budget Source: USDA 2017 Budget

  24. USDA’s Budget Source: USDA 2017 Budget

  25. USDA’s Budget Source: USDA 2017 Budget

  26. USDA’s Budget Source: USDA 2017 Budget

  27. Thank you for your time!Any questions?My web site:http://www2.econ.iastate.edu/faculty/hart/Iowa Farm Outlook:http://www2.econ.iastate.edu/ifo/Ag Decision Maker:http://www.extension.iastate.edu/agdm/

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