1. Extension and Outreach/Department of Economics Iowa’s Soybean Production, Processing, and Biodiesel Development The 3 rd Ukrainian Grain Congress Kiev, Ukraine Oct. 17, 2012 Chad Hart Associate Professor/Grain Markets Specialist chart@iastate.edu 515-294-9911

2. Extension and Outreach/Department of Economics U.S. Soybean Supply and Use 20082009201020112012 Area Planted(mil. ha.) 30.631.431.330.431.3 Yield(MT/ha.) 2.672.962.932.822.54 Production(mil. MT) 80.7691.4390.6184.2177.84 Beg. Stocks(mil. MT) 5.583.764.115.854.60 Imports(mil. MT) 0.350.410.380.440.54 Total Supply(mil. MT) 86.6995.5995.1390.5083.02 Crush(mil. MT) 45.2447.6944.8646.3541.92 Seed & Residual(mil. MT) 2.892.993.542.503.13 Exports(mil. MT) 34.8140.8040.8537.0234.43 Total Use(mil. MT) 82.9391.4889.2885.8779.48 Ending Stocks(mil. MT) 3.764.115.854.603.54 Season-Average Price($/MT) 366.30352.34415.16459.25560.29 Source: USDA-WAOB

3. Extension and Outreach/Department of Economics World Soybean Production Source: USDA-WAOB Country or Region 2011/12 Estimate 2012/13 Estimate Change from Previous Month Change from 2011/12 Million MTPercent World238.1264.32.411.0 United States84.277.88.6-7.5 Foreign153.9186.40.021.1 Argentina41.055.00.034.1 Brazil66.581.00.021.8 Paraguay4.08.10.0102.5 Ukraine2.32.20.0-2.8 India11.011.50.94.5 China13.512.60.0-6.7

4. Extension and Outreach/Department of Economics Iowa Soybean Area Source: USDA-NASS

5. Extension and Outreach/Department of Economics Iowa Soybean Value Source: USDA-NASS

6. Extension and Outreach/Department of Economics Marketing and Processing  Soybeans can sold as is or can be processed  Processing can produce a number of products  But the two largest are soybean meal and soybean oil  Soybean meal is mainly used for livestock feed  Soybean oil is often used for food or industrial uses  Some unique soybean-based products: asphalt, crayons, lubricants, wax

7. Extension and Outreach/Department of Economics Iowa Processing  Over 30 processing plants with an annual processing capacity greater than state production  Some plants specialize in capturing unique traits, such as organic production, or high protein or oil content  A few specialize in food products, soybean meal, flour, flakes, and snacks

8. Extension and Outreach/Department of Economics Iowa Biodiesel

9. Extension and Outreach/Department of Economics Thank you for your time! My web site: http://www.econ.iastate.edu/~chart/ Iowa Farm Outlook: http://www.econ.iastate.edu/ifo/ Ag Decision Maker: http://www.extension.iastate.edu/agdm/