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This report provides a comprehensive analysis of the U.S. agricultural landscape for 2006, focusing on key crops: corn, wheat, soybeans, sorghum, and cotton. It details production estimates, ending stocks, and projected prices for each commodity from 1992 to 2006, alongside critical supply and demand projections for the upcoming year. Factors influencing these projections include global economic conditions, domestic and international demand, as well as environmental conditions. Stay informed on trends shaping the agricultural sector.
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Corn Situation and Outlook Historical Perspective and Outlook for 2006
Supply/Demand Projections:2006/2007 Corn ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 2062 2062 2062 Acres (M. P. A.) 79.0 79.4 79.7 Yield 138 149 160 Supply(M. Bu) 11977 12812 13657 Use: Feed 6050 Ethanol 2150 Food, Seed 1385 Exports 2150 Ending Stocks 687 1077 1467 Projected Price $2.55 $2.40 $2.25
Wheat Situation and Outlook Historical Perspective and Outlook for 2006
Supply/Demand Projections:2006/2007 Wheat ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 568 568 568 Acres (M. A. Planted) 57.3 57.9 58.5 Yield 37.6 38.3 39.1 Supply(M. Bu) 2425 2478 2533 Use: Food, Seed 995 Feed, Resid 145 Exports 900 Ending Stocks 374 438 502 Projected Price $3.85 $3.60 $3.40
Soybean Situation and Outlook Historical Perspective and Outlook for 2006
U.S. Soybean Ending Stocks vs. Price, 1990-2006 ‘03 ‘96 ‘95 ‘97 ‘93 ‘04 ‘90 ‘05 ‘02 ‘94 ‘06 ‘91 ‘92 ‘98 ‘99 ‘00 ‘01
U.S. Soybean Meal Ending Stocks vs. Soybean Price, 1990-2006 ‘96 ‘03 ‘95 ‘97 ‘93 ‘04 ‘05 ‘94 ‘91 ‘06 ‘92 ‘02 ‘98 ‘99 ‘01 ‘00
U.S. Soybean Oil Ending Stocks vs. Soybean Price, 1990-2006 ‘03 ‘96 ‘95 ‘97 ‘93 ‘04 ‘91 ‘05 ‘92 ‘06 ‘02 ‘94 ‘98 ‘99 ‘00 ‘01
Supply/Demand Projections:2006/2007 Soybeans ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 545 545 545 Acres (M. P. A.) 73.3 73.9 75.6 Yield 38.5 40.7 42.8 Supply(M. Bu) 3371 3559 3740 Use: Crushing 1750 Exports 1090 Seed, Feed 158 Ending Stocks 318 560 802 Projected Price $5.50 $4.75 $4.25
Grain Sorghum Situation and Outlook Historical Perspective and Outlook for 2006
Supply/Demand Projections:2005/2006 Sorghum ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 51.0 51.0 51.0 Acres (M. P. A.) 5.9 6.3 6.7 Supply(M. Bu) 353 401 447 Use: Food & Seed 60 Exports 185 Feed 110 Ending Stocks 22 46 70 Projected Price $2.55 $2.20 $2.00
Cotton Situation and Outlook Historical Perspective and Outlook for 2006
Supply/Demand Projections:2006/2007 Cotton ----------Supply/Demand ---------- Low/High Exp/Exp High/Low Beginning Stocks(MB) 6.5 6.5 6.5 Acres (M. P. A.) 15.0 15.3 15.5 Yield 710 770 830 Supply(MB) 25.1 27.0 29.0 Use: Domestic 5.5 Exports 16.6 Ending Stocks 3.3 4.9 6.4 Projected Price/cwt
What Could Change The Outlook? • South America • Plant Mix • Non-Farm Economic Conditions in U.S., World – Oil Supplies, War • Exchange Rates • China • Weather