World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts Lockup Briefing November 10, 2014.

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Presentation transcript:

World Agricultural Outlook Board Interagency Commodity Estimates Committee Forecasts Lockup Briefing November 10, 2014

World Wheat Production November 10, 2014

Australia Wheat Production Time Series and Proposed Forecast November 10, 2014

World Wheat Supply and Use November 10, 2014

U.S. Wheat Supply and Demand November 10, 2014

World Rice Production November 10, 2014

World Rice Supply and Use November 10, 2014

U.S. Rice Supply and Demand Rough Equivalent of Rough and Milled Rice November 10, 2014

World Corn Production November 10, 2014

China Corn Area Thousand hectare November 10, 2014

Forecast corn yield in 2014 is 5.82 mt/ha, down 3.4 percent from last year’s record yield. Yields declined in 2007 and 2009 due to drought in major corn production areas. China corn yield MT/hectare November 10, 2014

Corn production increased every year except 2009 and November – million tons, down 4.5 million or 2 percent from last year. China Corn Production Thousand MT November 10, 2014

World Corn Supply and Use November 10, 2014

U.S. Corn Supply and Demand November 10, 2014

Yield Correlation Australia Rapeseed and Australia Wheat November 10, 2014

Australia Rapeseed Production November 10, 2014

World Soybean Production November 10, 2014

U.S. Soybean Supply and Demand November 10, 2014

Soybean Meal Export Commitments End of October November 10, 2014

U.S. Soybean Meal Supply and Demand November 10, 2014

U.S. Soybean Oil Supply and Demand November 10, 2014

World Cotton Production November 10, 2014

Source: Atlas on Regional Integration in West Africa, ECOWAS-SWAC/OECD - August November 10, 2014

Source: Atlas on Regional Integration in West Africa, ECOWAS-SWAC/OECD - August November 10, 2014

Greater than 50% drop in production from record year in 2004/ November 10, 2014

World Cotton Supply and Use November 10, 2014

U.S. Cotton Supply and Demand November 10, 2014

Mexico Sugar Supply and Demand November 10, 2014

U.S. Sugar Supply and Demand November 10, 2014

U.S. Meat Production and Prices November 10, 2014

U.S. Meat Trade Million Pounds November 10, 2014

U.S. Milk Supply and Demand November 10, 2014

U.S. Dairy Product Prices November 10, 2014

U.S. Production Summary November 10, 2014

Domestic Demand Summary November 10, 2014

U.S. Export Summary November 10, 2014

Price Summary November 10, 2014