1. Associate Professor/Crop Markets Specialist
Corn & Biofuels
Ames, Iowa
June 28, 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
93.6
Yield
(bu./acre)
123.1
158.1
171.0
168.4
168.0
Production
(mil. bu.)
10,755
13,829
14,216
13,601
14,430
Beg. Stocks
989
821
1,232
1,731
1,708
Imports
160 36 32 60 40
Total Supply
11,904
14,686
15,479
15,392
16,178
Feed & Residual
4,315
5,040
5,324
5,250
5,550
Ethanol
4,641
5,124
5,200
5,300
Food, Seed, & Other
1,397
1,369
1,360
1,370
Exports
730
1,920
1,864
1,825
1,950
Total Use
11,083
13,454
13,748
13,685
14,170
Ending Stocks
2,008
Season-Average Price
($/bu.)
6.89
4.46
3.70
3.50
Source: USDA-WAOB 2 2

3. World Corn Production
Source: USDA-WAOB 3 3

4. Iowa Corn Prices vs. Costs

5. Strength of the U.S. Dollar
Source: Federal Reserve

6. Crude Oil Prices
Sources: EIA and CME

7. Corn Grind for Ethanol

8. Ethanol Stocks
Source: EIA

9. Ethanol Exports
Source: EIA

10. DDG Exports
Source: USDA

11. Renewable Fuels Standard
Source: EPA

12. Corn Use for the Next Decade
Source: USDA-ERS

13. Top 10 Populations
Source: CIA World Factbook

14. Population Growth 2016 to 2050
Source: U.S. Census Bureau, International Data Base

15. Economic Growth Rates
Source: CIA World Factbook

16. Liquid Fuels
Source: EIA

17. Other Liquid Fuels
Source: EIA

18. Arable Land

19. World Corn Markets
Source: USDA 19 19

20. 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: