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2013/14 Crop Market Outlook. Insuring Iowa’s Agriculture Ames, IA Nov. 5, 2013 Chad Hart Associate Professor/Crop 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. Early Reports on Corn Yields.
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2013/14 Crop Market Outlook Insuring Iowa’s Agriculture Ames, IA Nov. 5, 2013 Chad Hart Associate Professor/Crop 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
Early Reports on Corn Yields Source: AgWeb.com
Early Reports on Soybean Yields Source: AgWeb.com
World Corn Production Source: USDA-WAOB
World Soybean Production Source: USDA-WAOB
U.S. Meat Production & Prices Source: USDA-WAOB
Corn Export Shifts Source: USDA-FAS
Soy Export Shifts Source: USDA-FAS
Current Corn Futures 4.43 4.29 4.12 Source: CME Group, 11/1/2013
Current Soybean Futures 11.95 10.83 10.70 Source: CME Group, 11/1/2013
Thoughts for 2014 and Beyond • Supply/demand concerns • A lot of production uncertainty for harvest time • Corn demand rebounding? • Acreage allocation for 2014: Where do the extra corn acres go? • Markets favoring soybeans in the short term and corn longer term
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/