World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts Lockup Briefing July 10, 2015.

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Presentation transcript:

World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts Lockup Briefing July 10, 2015

World Wheat Production July 10, 2015

World Wheat Supply and Use July 10, 2015

U.S. Wheat Supply and Demand July 10, 2015

World Rice Production July 10, 2015

World Rice Supply and Use July 10, 2015

U.S. Rice Supply and Demand Rough Equivalent of Rough and Milled Rice July 10, 2015

World Corn Production July 10, 2015

Corn planting ~ late March In nrn Spain, corn approaching or in the tasseling stage was subjected to readings as high as 39°C. July 10, 2015

Early-planted corn (mid-April) was subjected to damaging heat during tassel, while corn sown during the “mean” planting window (late April) mostly escaped damaging heat during the critical tassel and silk stages. July 10, 2015

Sunflower planting ~ early April In srn Spain, reproductive to filling sunflowers have been subjected to 10 days at or above 38°C (100°F). July 10, 2015

Corn planting ~ late April In Italy’s Po Valley, the heat is impacting corn in the critical tassel and silk stages. July 10, 2015

Corn planting ~ late April In Hungary, corn is just now entering the key temperature-sensitive tassel stage, though earlier planted crops would be further along and more at risk. July 10, 2015

Corn planting ~ late April In Serbia, not quite as hot… but still worth noting. July 10, 2015

World Corn Supply and Use July 10, 2015

U.S. Corn Supply and Demand July 10, 2015

World Soybean Production July 10, 2015

U.S. Soybean Supply and Demand July 10, 2015

World Cotton Production July 10, 2015

World Cotton Supply and Use July 10, 2015

Texas Season Abandonment Rates and Lubbock % of Normal Rainfall Nov-Jun (1996-2015 arrayed by rainfall) July 10, 2015

U.S. Cotton Supply and Demand July 10, 2015

U.S. Sugar Supply and Demand July 10, 2015

Mexico Sugar Supply and Demand July 10, 2015

U.S. Meat Production and Prices July 10, 2015

U.S. Meat Trade Million Pounds July 10, 2015

U.S. Milk Supply and Demand July 10, 2015

U.S. Dairy Product Prices July 10, 2015

U.S. Production Summary July 10, 2015

Domestic Demand Summary July 10, 2015

U.S. Export Summary July 10, 2015

Price Summary July 10, 2015