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Oklahoma State University

Wheat, Corn, & Sorghum Situation and Outlook. Bill Burton. Oklahoma State University. Corn production area. Soybean production area. HRW wheat production area. SRW wheat production area. Talking Points. Planted wheat, corn & bean acres. Tight U.S. and world grain stocks.

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Oklahoma State University

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  1. Wheat, Corn, & Sorghum Situation and Outlook Bill Burton Oklahoma State University

  2. Corn production area

  3. Soybean production area

  4. HRW wheat production area

  5. SRW wheat production area

  6. Talking Points • Planted wheat, corn & bean acres. • Tight U.S. and world grain stocks. • U.S. next exportable wheat crop to be harvested.

  7. KCBT Monthly Wheat

  8. CBT Corn Monthly

  9. CBT Soybean Monthly Aug

  10. CBT Corn Monthly Dec

  11. wheat, corn and bean seed acres 2008/09 2007/0810-yr avg Million Acres all wheat 63.6 60.459.3 32.5HRW 10.7SRW 13.6HRS corn 86.0 93.680.5 beans 74.8 68.572.8

  12. Beginning stocks Production Supply, Total Exports Use, Total Ending Stocks Avg. farm price U.S. Wheat Supply and Use Kim’s 08/09 USDA 07/08 Million Bushels 456 2,067 2,613 1,225 2,371 242 $6.15 450 2,300 2,650 950 2,100 550 $6.30

  13. World Wheat Situation (MMT)

  14. $8.64 -.70 $7.94 KCBT July ‘08

  15. Beginning stocks Production Supply, Total Exports Use, Total Ending Stocks Avg. farm price U.S. Corn Supply and Use Kim’s 08/09 USDA 07/08 Million Bushels 1,304 13,074 14,393 2,450 13,10 1,283 $4.30 1,275 12,360 13, 650 2,100 12,700 950 $5.00

  16. World Corn Situation (MMT)

  17. $6.19 -0.10 $6.11 CBT Dec Corn ‘08

  18. Beginning stocks Production Supply, Total Exports Use, Total Ending Stocks Avg. farm price U.S. Soybean Supply and Use Kim’s 08/09 USDA 07/08 Million Bushels 574 2,585 3,169 1,075 3,009 160 $10.40 160 3,100 3,260 1,000 3,000 260 $10.00

  19. World Soybean Situation (MMT)

  20. $12.00 -1.00 $11.00 CBT Nov Beans ‘08

  21. Talking Points Weather most critical price factor World must have 2008 wheat, corn & beans. Even if relatively large foreign wheat crop, demand will be there for 2008 harvested U.S. HRW wheat, corn & beans.

  22. CME Feeder Cattle Monthly 9/11

  23. NYMEX Crude Oil Monthly

  24. NYBOT Dollar Index ’88 – ‘08

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