1. Anderson/6/28/2016ppt. Kim Anderson Oklahoma State University Kim Anderson Oklahoma State University Wheat, Corn, Sorghum, Soybeans & Cotton Wheat, Corn, Sorghum, Soybeans & Cotton

2. Anderson/6/28/2016ppt. U.S. Dollar Index: Monthly Nearest 2010/11

3. Anderson/6/28/2016ppt. Wheat

4. Anderson/6/28/2016ppt. KC Wheat: Weekly Nearest

5. Anderson/6/28/2016ppt. KC Dec: Daily

6. Anderson/6/28/2016ppt. ProductionConsumption Ending Stocks U. S. Price Year (Billion Bushels) U.S. Wheat Situation 20082.502.28.657$6.78 20092.222.02.976$4.87 20102.212.42.862$5.70 20112.002.23.743$7.24 20122.252.41.718$7.77 20132.142.43.590$6.87 20142.032.00.753$5.99 20152.122.19.842$5.25 7-YR Avg.2.192.34.751$6.46

7. Anderson/6/28/2016ppt. World Wheat Situation (Billion Bushels) ProductionConsumption Ending Stocks Year 200825.123.66.1 $6.78 200925.223.97.4 $4.87 201024.024.17.3 $5.70 201125.6 7.2 $7.24 201224.225.06.5 $7.77 201326.325.77.1 $6.87 201426.726.07.8 $5.99 201526.526.28.1 $5.25 7-YR Avg.25.324.97.0 $6.46

8. Anderson/6/28/2016ppt. Outlook December 2015$5.10 June 2016 $5.75

9. Anderson/6/28/2016ppt. Corn

10. Anderson/6/28/2016ppt. CBT Corn: Monthly Nearest

11. Anderson/6/28/2016ppt. CBT Dec Corn: Daily Corn Basis -$0.25 Sorghum $0.10

12. Anderson/6/28/2016ppt. World Corn Situation (Billion Bushels) ProductionConsumption Ending Stocks Year 200831.430.85.8 200932.332.45.7 201032.833.55.1 201134.934.85.2 201234.234.05.4 201339.037.56.9 201439.438.77.6 201538.939.07.5 7-YR Avg.34.834.56.0

13. Anderson/6/28/2016ppt. U.S. Corn Situation ProductionConsumption Ending Stocks U. S. Price Year (Billion Bushels) 200812.1 1.67$4.06 200913.1 1.71$3.55 201012.413.11.13$5.18 201112.412.50.99$6.22 201210.811.10.82$6.89 201313.813.51.23$4.46 201414.213.71.78$3.70 201513.513.71.60$3.75 7-YR Avg.12.6912.711.35$4.86

14. Anderson/6/28/2016ppt. Outlook:  U. S. and world stocks above average.  2015/16 Corn ending stocks 1.60 bb  2015/16 Average price $3.50

15. Anderson/6/28/2016ppt. Sorghum

16. Anderson/6/28/2016ppt. U.S. Sorghum Situation (Million Bushels) ProductionConsumption Ending Stocks U. S. Price Year 200847247155$3.20 200938339641$3.22 201034635927$5.02 201121421923$5.99 201224826515$6.33 201339237434$4.28 201443345017$4.00 201550549527$4.05 5-YR Avg.32733323$5.12

17. Anderson/6/28/2016ppt. Outlook:  Sorghum prices follow corn prices

18. Anderson/6/28/2016ppt. Soybean

19. Anderson/6/28/2016ppt. CBT Soybean: Monthly Nearest

20. Anderson/6/28/2016ppt. CBT Soybean Dec: Daily Basis -$0.90

21. Anderson/6/28/2016ppt. U.S. Soybean Situation (Billion Bushels) ProductionConsumption Ending Stocks U. S. Price Year 20083.0 0.14$9.97 20093.4 0.15$9.59 20103.3 0.22$11.30 20113.13.20.17$12.50 20123.03.10.14$14.40 20133.43.50.09$13.00 20144.03.80.26$10.05 20153.93.70.43$9.25 7-YR Avg.3.3 0.17$11.54

22. Anderson/6/28/2016ppt. ProductionConsumption Ending Stocks Year World Soybean Situation (Billion Bushels) 20087.798.131.58 20099.598.752.23 20109.709.252.59 20118.809.472.00 20129.889.602.07 201310.4110.112.30 201411.7110.883.00 201511.7211.253.37 7-YR Avg.9.709.462.25

23. Anderson/6/28/2016ppt. Soybean Relevant Numbers Current Projections Average Billion Bushels U.S. Ending Stocks World Ending Stocks 0.430.170 3.370 2.25

24. Anderson/6/28/2016ppt. Soybean Outlook:  U.S. stocks above average.  World stocks above average  2015/16 Prices average $9.25

25. Anderson/6/28/2016ppt. Cotton

26. Anderson/6/28/2016ppt. World Cotton Situation ProductionConsumption Ending Stocks Year (Million Bales) 2008107.1110.1 60.8 2009102.6119.0 46.7 2010116.3114.1 50.4 2011126.6102.9 73.8 2012123.6107.8 90.5 2013120.5108.9102.8 2014119.0110.9110.0 2015111.5114.4108.1 7-YR Avg.116.5110.676.4

27. Anderson/6/28/2016ppt. U.S. Cotton Situation ProductionConsumption Ending Stocks U. S. Price Year (Million Bales) 200812.816.96.347.8 ¢ 200912.215.63.062.9 ¢ 201018.118.32.681.5 ¢ 201115.615.03.488.3 ¢ 201217.316.53.972.5 ¢ 201312.914.12.577.9 ¢ 201416.314.64.260.5 ¢ 201514.514.64.262.0 ¢ 7-YR Avg.15.015.83.770.2 ¢

28. Anderson/6/28/2016ppt. Outlook: U.S. and World stocks above average 2015/16 Prices expected to average 62¢