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2013 Crop Market Outlook

2013 Crop Market Outlook. Coleman Research Group Presentation May 23, 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. U.S. Wheat Supply and Use.

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2013 Crop Market Outlook

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  1. 2013 Crop Market Outlook Coleman Research Group Presentation May 23, 2013 Chad Hart Associate Professor/Crop 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. U.S. Wheat Supply and Use Source: USDA-WAOB

  5. Corn Planting Stats Source: USDA-NASS

  6. Corn Yields Year with slow planting progress, like this year

  7. Soybean Planting Stats Source: USDA-NASS

  8. Soybean Yields Year with slow planting progress, like this year

  9. World Corn Production Source: USDA-WAOB

  10. World Soybean Production Source: USDA-WAOB

  11. World Wheat Production Source: USDA-WAOB

  12. Hog Crush Margin The Crush Margin is the return after the pig, corn and soybean meal costs. Carcass weight: 200 pounds Pig price: 50% of 5 mth out lean hog futures Corn: 10 bushels per pig Soybean meal: 150 pounds per pig Source: ISU Extension

  13. Cattle Crush Margin The Crush Margin is the return after the feeder steer and corn costs. Live weight: 1250 pounds Feeder weight: 750 pounds Corn: 50 bushels per head Source: ISU Extension

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

  15. Corn Export Shifts Source: USDA-FAS

  16. Soy Export Shifts Source: USDA-FAS

  17. Wheat Export Shifts Source: USDA-FAS

  18. Corn Grind for Ethanol

  19. Ethanol Stocks

  20. Source: DOE-EIA, Annual Energy Outlook

  21. Current Corn Futures 5.06 5.00 Source: CME Group, 5/22/2013

  22. Current Soybean Futures 11.79 11.69 Source: CME Group, 5/22/2013

  23. Current Wheat Futures 6.93 Source: KCBOT, 5/22/2013

  24. 3 Month Outlook - Temps

  25. 3 Month Outlook - Precip

  26. Thoughts for 2012 and Beyond • Supply/demand concerns • Soil moisture issues, key for all 3 crops • Export strength/weakness, competition among feed grains • Worldwide response to drought-induced pricing

  27. 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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