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USDA MaizeOutlook India Maize Summit March 20, 2014 Allan Mustard and Dr. Santosh K. Singh U.S. Department of Agriculture, American Embassy, New Delhi.

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Presentation on theme: "USDA MaizeOutlook India Maize Summit March 20, 2014 Allan Mustard and Dr. Santosh K. Singh U.S. Department of Agriculture, American Embassy, New Delhi."— Presentation transcript:

1 USDA MaizeOutlook India Maize Summit March 20, 2014 Allan Mustard and Dr. Santosh K. Singh U.S. Department of Agriculture, American Embassy, New Delhi

2 First, the usual caveats…. Source: www.dilbert.com

3 Steady expansion in U.S. corn supplies Source: USDA Economic Research Service

4 U.S. gasoline consumption has declined Source: USDA Economic Research Service

5

6 Source: USDA Foreign Agricultural Service

7 Export competition in maize strengthens Source: USDA Foreign Agricultural Service

8 Chicago Corn, May 2014 prices in cents per bushel Source: Chicago Mercantile Exchange

9 Key points:  Area to remain high  Corn yields to improve  Export competition high  Prices weakening

10 www.fas.usda.gov gain.fas.usda.gov apps.fas.usda.gov agnewdelhi@fas.usda.gov Source: www.dilbert.com

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