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Crop Market Update Ag Market Update Jim Hilker Agricultural, Food, and Resource Economics Department Michigan State University August 25, 2014
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Monthly Corn Futures
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8/25/14 Dec 2014 Corn Futures
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USDA-NASS 8-12-14
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CropUnit August 2014 % Change from Previous Forecast % Change from Previous Season Corn PlantedMil Ac91.6 NC-3.9 HarvestedMil Ac83.8 NC-4.4 YieldBu/Ac167.4 ---+5.4 ProductionBil Bu14.0 ---+0.8 August 2014 Crop Production
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USDA-NASS 8-12- 14
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USDA-NASS 08-12-14
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U.S. Meat Production and Prices August 12, 2014
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U.S. Corn Supply and Demand August 12, 2014
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World Corn Production August 12, 2014
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World Corn Supply and Use August 12, 2014
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U.S. Corn Supply and Demand August 12, 2014
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Corn Futures 8/25/14
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8/25/14 Dec 2014 Corn Futures
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Dec 2014 Corn Futures
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July 2015 Corn Futures
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WHEAT
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Monthly Wheat Futures
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8/21/14 Dec 2014 Wheat Futures
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USDA-NASS 8-12-14 CropUnit August 2014 % Change from Previous Forecast % Change from Previous Season Winter Wheat HarvestedMil Ac32.4 NC+ <0.1 YieldBu/Ac43.1 +2.1-9.1 ProductionBil Bu1.40 +2.1-9.0 Other Spring HarvestedMil Ac12.4 NC+9.4 YieldBu/Ac46.1 +1.3-2.1 ProductionMil Bu572 +1.4+7.3 Durum HarvestedMil Ac1.42 NC-0.2 YieldBu/Ac42.7 +1.4-2.1 ProductionMil Bu60.5 +1.5-2.3 All Wheat ProductionBil Bu2.03 +1.9-4.7 August 2014 Crop Production
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USDA-NASS 8-12-14
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U.S. Wheat Supply and Demand August 12, 2014
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World Wheat Production August 12, 2014
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Pcp/Temp Critical Same is true in southwestern Russia, where timely showers benefited reproductive to filling winter wheat. Data courtesy of OGIMET NWS/WMO August 12, 2014
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Pcp/Temp Critical Little – if any – heat stress was noted in the key winter wheat Krasnodar Oblast in sw Russia August 12, 2014
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Estimated production is increased this from 53 to 59 million tons based on an outstanding winter- wheat harvest. Yield is estimated at a record level. August 12, 2014
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World Wheat Supply and Use August 12, 2014
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U.S. Wheat Supply and Demand August 12, 2014
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8/21/14 Dec 2014 Wheat Futures
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Dec 2014 Wheat Futures
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SOYBEAN OUTLOOK
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Monthly Soybean Futures
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Nov 2014 Soybean Futures
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USDA-NASS 8-12-14 CropUnit August 2014 % Change from Previous Forecast % Change from Previous Season Soybeans PlantedMil Ac84.8 NC+10.9 HarvestedMil Ac84.1 NC+10.8 YieldBu/Ac45.4 ---+4.8 ProductionBil Bu3.82 ---+16.0 August 2014 Crop Production
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USDA-NASS 8-12-14
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December 2014 Soybean Meal Futures
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World Soybean Production August 12, 2014
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Soybean Futures 8/25/14
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Nov 2014 Soybean Futures
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Nov 2014 Soybean Futures 8/21/14
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July 2015 Soybean Futures 8/21/14
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Jim Hilker’s Web Page http://www.msu.edu/user/hilker/ Thanks Questions/Discussion
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MSU is an affirmative-action, equal-opportunity employer. Michigan State University Extension programs and materials are open to all without regard to race, color, national origin, gender, gender identity, religion, age, height, weight, disability, political beliefs, sexual orientation, marital status, family status or veteran status.
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