1. Oklahoma State University
27-Jun-18
Wheat, Canola, Corn,
Soybeans & Sorghum
Kim Anderson
Oklahoma State University

2. U.S. Dollar Index: Weekly
25%
Jun 15
Jun 16
19%
Jun 14

3. KC Wheat Weekly Nearest

4. U.S. Dollar Index: Weekly
25%
Jun 15
Jun 16
19%
Jun 14

5. 27-Jun-18
Corn

6. 27-Jun-18
U.S. Corn Situation
Production
Consumption
Ending Stocks
U. S. Price
Year
Yield
(Billion Bushels)
2010
12.4
13.1
1.13
$5.18
2011
12.5
0.99
$6.22
2012
10.8
11.1
0.82
$6.89
2013
13.8
13.5
1.23
$4.46
2014
14.2
13.7
1.73
$3.70
2015
13.6
1.72
$3.61
2016
15.1
14.6
2.36
$3.40
2017
14.1
2.22
$3.50
7-YR Avg.
13.2
1.43
$4.78

7. CBT Weekly Corn

8. 27-Jun-18
Wheat

9. World Wheat Situation U.S. 2.21 2.00 2.25 2.14 2.03 2.06 2.31 $5.70
27-Jun-18
World Wheat Situation
Production
Consumption
Ending Stocks
Year
U.S.
2.21
2.00
2.25
2.14
2.03
2.06
2.31
$5.70
$7.24
$7.77
$6.87
$5.99
$4.89
$3.80
(Billion Bushels)
2010
24.0
24.1
7.3
2011
25.6
7.2
2012
24.2
25.0
6.5
2013
26.3
25.9
7.1
2014
26.8
7.9
2015
27.0
26.2
8.8
2016
27.5
27.2
9.1
2017
26.7
7-YR Avg.
26.0
7.8

10. U.S. Wheat Production Production (mb) 1,048 716 1,672 1,257 2,310
HRW
Winter
All Wheat
Marketing Year
2016
2017
Planted (ma)
26.6
23.3
36.1
32.4
50.2
46.0
Harvested (ma)
21.9
17.9
30.2
26.2
43.9
39.0
Yield (bu/ac)
49.5
40.0
55.3
48.0
52.6
47.1
Production (mb)
1,048
716
1,672
1,257
2,310
1,837
2017 Projected

11. 27-Jun-18
U.S. Wheat Situation
Production
Consumption
Ending Stocks
U. S. Price
Year
(Billion Bushels)
2010
2.21
2.42
.862
$5.70
2011
2.00
2.23
.743
$7.24
2012
2.25
2.41
.718
$7.77
2013
2.14
2.43
.590
$6.87
2014
2.03
2.02
.752
$5.99
2015
2.06
1.95
.976
$4.89
2016
2.31
2.22
1.19
$3.80
2017
1.84
2.19
905
$4.30
7-YR Avg.
2.24
.833
$6.04

12. World Wheat Situation U.S. 2.21 2.00 2.25 2.14 2.03 2.06 2.31 1.91
27-Jun-18
World Wheat Situation
Production
Consumption
Ending Stocks
Year
U.S.
2.21
2.00
2.25
2.14
2.03
2.06
2.31
1.91
$5.70
$7.24
$7.77
$6.87
$5.99
$4.89
$3.80
$4.30
(Billion Bushels)
2010
24.0
24.1
7.3
2011
25.6
7.2
2012
24.2
25.0
6.5
2013
26.3
25.9
7.1
2014
26.8
7.9
2015
27.0
26.2
8.8
2016
27.5
27.2
9.1
2017
26.7
7-YR Avg.
26.0
7.8

13. 27-Jun-18
U.S. Wheat Situation
Production
Consumption
Ending Stocks
U. S. Price
Year
(Billion Bushels)
2010
2.21
2.42
.862
$5.70
2011
2.00
2.23
.743
$7.24
2012
2.25
2.41
.718
$7.77
2013
2.14
2.43
.590
$6.87
2014
2.03
2.02
.752
$5.99
2015
2.06
1.95
.976
$4.89
2016
2.31
2.22
1.19
$3.80
2017
1.91
2.19
905
$4.80
7-YR Avg.
2.24
.833
$6.04
$3.13
$4.30

14. Covington Cash Price: Daily
$5.85

15. 2017/18 Prices Commodity Futures Contract Basis Harvest Price Wheat
$4.75
-$0.85
$3.90
Corn
-$0.60
$3.30
Sorghum
-.085
$3.05
Soybeans
$10.10
-$0.80
$9.30
Cotton
$0.74
-0.03
$0.71
Canola
$514
($Tns/42.1)-$5.60
$6.60