1. Associate Professor/Crop Markets Specialist
Crop Market Outlook
Oct. 4, 2016
Chad Hart
Associate Professor/Crop Markets Specialist 1 1

2. U.S. Corn Supply and Use 2012 2013 2014 2015 2016 Area Planted
(mil. acres)
97.3
95.4
90.6
88.0
94.1
Yield
(bu./acre)
123.1
158.1
171.0
168.4
174.4
Production
(mil. bu.)
10,755
13,829
14,216
13,601
15,093
Beg. Stocks
989
821
1,232
1,731
1,738
Imports
160 36 32 65 50
Total Supply
11,904
14,686
15,479
15,397
16,881
Feed & Residual
4,315
5,040
5,324
5,178
5,650
Ethanol
4,641
5,124
5,200
5,275
Food, Seed, & Other
1,397
1,369
1,360
1,367
1,375
Exports
730
1,920
1,864
1,915
2,175
Total Use
11,083
13,454
13,748
13,660
14,475
Ending Stocks
2,406
Season-Average Price
($/bu.)
6.89
4.46
3.70
3.60
3.20
Source: USDA-WAOB, modified 2 2

3. U.S. Soybean Supply and Use
2012
2013
2014
2015
2016
Area Planted
(mil. acres)
77.2
76.8
83.3
82.7
83.7
Yield
(bu./acre)
40.0
44.0
47.5
48.0
50.6
Production
(mil. bu.)
3,042
3,358
3,927
3,926
4,201
Beg. Stocks
169
141 92
191
197
Imports 41 72 33 25 30
Total Supply
3,252
3,570
4,052
4,142
4,428
Crush
1,689
1,734
1,873
1,900
1,950
Seed & Residual
105
107
146
126
Exports
1,317
1,638
1,842
1,940
1,985
Total Use
3,111
3,478
3,862
3,945
4,061
Ending Stocks
367
Season-Average Price
($/bu.)
14.40
13.00
10.10
8.95
9.05
Source: USDA-WAOB, modified 3 3

4. World Corn Production
Source: USDA-WAOB 4 4

5. World Soybean Production
Source: USDA-WAOB 5 5

6. U.S. Meat Production & Prices
Source: USDA-WAOB 6 6

7. Corn Export Sales
Source: USDA-FAS

8. Soybean Export Sales
Source: USDA-FAS

9. Corn Grind for Ethanol

10. Current Corn Futures
Source: CME Group, 10/4/2016

11. Current Soybean Futures
Source: CME Group, 10/4/2016

12. Thank you for your time. Any questions. My web site: http://www2. econ
Thank you for your time! Any questions? My web site: Iowa Farm Outlook: Ag Decision Maker: