World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts Lockup Briefing August 12, 2015.

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Presentation transcript:

World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts Lockup Briefing August 12, 2015

World Wheat Production August 12, 2015

Source: Ministry of Agriculture Daily MinAg data indicate that spring grain planting was complete by June 18, with sown area down less than 1% from last year despite rain-related delays. Post warns that 15-20% of the reported sown area in North Kazakhstan oblast was actually left unplanted due to wet weather and insufficient machinery. August 12, 2015

World Wheat Supply and Use August 12, 2015

U.S. Wheat Supply and Demand August 12, 2015

World Rice Production August 12, 2015

World Rice Supply and Use August 12, 2015

U.S. Rice Supply and Demand Rough Equivalent of Rough and Milled Rice August 12, 2015

World Corn Production August 12, 2015

2015 Avg July Rainfall Ranking In southwest France, it was not quite historically dry, but still drier than normal. The issue here was more the heat. July Total Rainfall August 12, 2015

2015 Avg July Rainfall Ranking In northern Itay, it was the driest July on average going back to July Total Rainfall August 12, 2015

2015 Avg July Rainfall Ranking Likewise, the driest July on average going back to 1980 in northern Serbia. July Total Rainfall August 12, 2015

World Corn Supply and Use August 12, 2015

U.S. Corn Supply and Demand August 12, 2015

World Soybean Production August 12, 2015

U.S. Soybean Supply and Demand August 12, 2015

World Cotton Production August 12, 2015

USDA/FAS/OGA Percent of total China cotton grown in Xinjiang has been rising. It is now approximately 72 percent. August 12, 2015

World Cotton Supply and Use August 12, 2015

U.S. Cotton Supply and Demand August 12, 2015

U.S. Sugar Supply and Demand August 12, 2015

Mexico Sugar Supply and Demand August 12, 2015

U.S. Meat Production and Prices August 12, 2015

U.S. Meat Trade Million Pounds August 12, 2015

U.S. Milk Supply and Demand August 12, 2015

U.S. Dairy Product Prices August 12, 2015

U.S. Production Summary August 12, 2015

Domestic Demand Summary August 12, 2015

U.S. Export Summary August 12, 2015

Price Summary August 12, 2015