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Crop Marketing Outlook 2010: Trends and Predictions for Corn and Soybeans

Get expert insights on the US corn and soybean market trends, supply and demand dynamics, global production updates, export sales, and economic influences for 2010 and beyond. Stay informed to make informed crop marketing decisions.

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Crop Marketing Outlook 2010: Trends and Predictions for Corn and Soybeans

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  1. Crop Marketing Outlook for 2010 Welton, Iowa January 25, 2010 Chad Hart Assistant Professor/Grain Markets Specialist chart@iastate.edu 515-294-9911

  2. U.S. Corn Supply and Use Source: USDA

  3. U.S. Soybean Supply and Use Source: USDA

  4. Storage Issues Source: Hurburgh and Elmore, ICM News, 10/15/09

  5. World Corn Production Source: USDA

  6. World Soybean Production Source: USDA

  7. Soybeans – Argentina & Brazil Source: USDA

  8. Corn Export Sales Source: USDA, FAS

  9. Soybean Export Sales Source: USDA, FAS

  10. Crude Oil Prices Sources: EIA, NYMEX

  11. Renewable Fuels Standard (RFS)

  12. Ethanol Margins Source: ISU, CARD

  13. Outside Influences (Jan. 2007 = 1)

  14. Corn

  15. Corn Futures Source: CBOT, 1/22/10

  16. Soybean Futures Source: CBOT, 1/22/10

  17. Iowa Corn Prices vs. Costs

  18. Iowa Soybean Prices vs. Costs

  19. Thoughts for 2009/10 and Beyond • General economic conditions • Recession: Are we done yet? • Projected economic recovery is a major key for crop prices for the 2009 and 2010 marketing years • Weakness in the dollar helping exports, but dollar may fight back • Supply/demand concerns • Livestock numbers continue to decline • Possible record South American soybean crop • USDA is indicating 2009 season-average prices in the neighborhood of $3.70 for corn and $9.65 for soybeans • Futures Jan. 22: Corn $3.51, Soy $9.33 • 2010/11 based on futures Jan. 22: Corn $3.81, Soy $9.01

  20. Thank you for your time!Any questions?My web site:http://www.econ.iastate.edu/faculty/hart/Iowa Farm Outlook:http://www.econ.iastate.edu/outreach/agriculture/periodicals/ifo/Ag Decision Maker:http://www.extension.iastate.edu/agdm/

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