Insights on Crops for 2023 by Chad Hart - USDA Data Analysis
Explore comprehensive insights into the crop market for 2023 through data analysis provided by Chad Hart, a Professor and Crop Marketing Specialist. The analysis covers U.S. corn and soybean supply and use, global arable land, world production of corn, soybean, and wheat, export outlook, crop futures, and livestock crush margins. Gain valuable information for agricultural decision-making.
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Presentation Transcript
Thoughts on Crops for 2023 July 15, 2022 Chad Hart Professor/Crop Marketing 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
World Corn Production Source: USDA-WAOB
World Soybean Production Source: USDA-WAOB
World Wheat Production Source: USDA-WAOB
General Export Outlook Source: USDA-WAOB
Nov.-Dec. Crop Futures Sources: CME, MGEX
Soybean Export Sales Source: USDA-FAS
Corn Export Sales Source: USDA-FAS
U.S. Meat Production & Prices Source: USDA-WAOB
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, Lee Schulz
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, Lee Schulz
Renewable Diesel Push Source: EIA
Iowa Corn Costs Source: AgDM A1-21
Iowa Soybean Costs Source: AgDM A1-21
Iowa Corn Costs Overall 40% increase 22% 51% 55% 34% Source: AgDM A1-21
Iowa Soybean Costs Overall 48% increase 22% 39% 88% 50% Source: AgDM A1-21
U.S. Fertilizer Import Reliance Source: CARD Staff Report 22SR-117
Corn, Natural Gas, and Urea Prices Source: CARD Staff Report 22SR-117
Current Corn Futures Source: CME Group, 7/12/2022
Current Soybean Futures Source: CME Group, 7/12/2022
Thank you for your time! Any questions? My web site: http://www2.econ.iastate.edu/faculty/hart/ Ag Decision Maker: http://www.extension.iastate.edu/agdm/
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