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Corn Outlook

Corn Outlook. Industry Outlook Conference West Des Moines, Iowa Apr. 22, 2014 Chad Hart Associate Professor/Crop Markets Specialist chart@iastate.edu 515-294-9911. U.S. Corn Supply and Use. Source: USDA-WAOB for 2010-13. Corn Acreage. Top: 2014 Intended acres Bottom: Change from 2013

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Corn Outlook

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  1. Corn Outlook Industry Outlook Conference West Des Moines, Iowa Apr. 22, 2014 Chad Hart Associate Professor/Crop Markets Specialist chart@iastate.edu 515-294-9911

  2. U.S. Corn Supply and Use Source: USDA-WAOB for 2010-13

  3. Corn Acreage Top: 2014 Intended acres Bottom: Change from 2013 Units: 1,000 acres Source: USDA-NASS

  4. Crop Shifts Source: USDA-NASS

  5. Time between Survey & Planting Source: USDA-NASS

  6. Planting Progress Source: USDA-NASS

  7. World Corn Production Source: USDA-WAOB

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

  9. Corn Export Shifts Source: USDA-FAS

  10. Corn Export Sales Source: USDA-FAS

  11. Advance Corn Export Sales Source: USDA-FAS

  12. Corn Grind for Ethanol

  13. Current Corn Futures 4.78 4.72 4.68 Source: CME Group, 4/18/2014

  14. Corn Prices vs. Costs Per Bushel Cost calculated as Per Acre Cost from ISU Extension divided by Actual Yield per Acre Sources: USDA-NASS for Prices, Duffy for Costs

  15. 2013/14 Crop Prices

  16. 2014/15 Crop Margins

  17. Source: droughtmonitor.unl.edu

  18. 3-Month Temperature Outlook Source: NOAA-CPC

  19. 3-Month Precipitation Outlook Source: NOAA-CPC

  20. Thoughts for 2014 and Beyond • Supply/demand concerns • Demand rebounding? Yes, so far, so good • Acreage allocation for 2014: Where do the extra corn acres go? • Markets favoring soybeans in the short term and corn longer term • Dry soils to start, but El Niño watch for summer

  21. 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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