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Crop Market Outlook

Crop Market Outlook. Pro-Ag Meeting Altoona, Iowa Nov. 9, 2012 Chad Hart Associate Professor/Grain Markets Specialist chart@iastate.edu 515-294-9911. U.S. Corn Supply and Use. Source: USDA-WAOB. U.S. Soybean Supply and Use. Source: USDA-WAOB. Crop Conditions. Source: USDA-NASS.

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Crop Market Outlook

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  1. Crop Market Outlook Pro-Ag Meeting Altoona, Iowa Nov. 9, 2012 Chad Hart Associate Professor/Grain Markets Specialist chart@iastate.edu 515-294-9911

  2. U.S. Corn Supply and Use Source: USDA-WAOB

  3. U.S. Soybean Supply and Use Source: USDA-WAOB

  4. Crop Conditions Source: USDA-NASS

  5. Prices

  6. Projected Corn Yields

  7. Objective Corn Yield Data Source: USDA-NASS

  8. Projected Soybean Yields

  9. Objective Soybean Yield Data Source: USDA-NASS

  10. World Corn Production Source: USDA-WAOB

  11. World Soybean Production Source: USDA-WAOB

  12. World Weather Source: USDC and USDA

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

  14. Corn Export Shifts Source: USDA-FAS

  15. Soy Export Shifts Source: USDA-FAS

  16. Corn Grind for Ethanol

  17. U.S. Blended Gasoline Consumption 7.6 bil. gal. 7.4 bil. gal. Source: DOE-EIA, via USDA-ERS

  18. Current Corn Futures 6.87 5.98 5.62 Source: CME Group, 11/8/2012

  19. Current Soybean Futures 14.01 12.74 12.40 Source: CME Group, 11/8/2012

  20. Early Prices for 2013 Crops

  21. Total Acreage Shift Source: USDA-NASS

  22. Acreage Shift by State Top: Planted in 2012 Bottom: Change from 2011 Units: 1,000 acres Source: USDA-NASS

  23. Acreage Shift by Crop Acreage change from 2011 Units: 1,000 acres Source: USDA-NASS

  24. Thoughts for 2012 and Beyond • Supply/demand concerns • Soil moisture issues • Biofuel and export strength • Worldwide response to drought-induced pricing

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

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