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2020 Corn & Sorghum Market Outlook U.S. Grains Council June 12, 2020 DANIEL O’BRIEN EXTENSION AGRICULTURAL ECONOMIST Corn Markets 2

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Page 1: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

2020 Corn & Sorghum Market Outlook U.S. Grains Council

June 12, 2020

DANIEL O’BRIEN

EXTENSION AGRICULTURAL ECONOMIST

Corn Markets 2

Page 2: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

Page 3: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

Page 4: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

Page 5: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

Page 6: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

12U.S. Corn Acreage For 2020 ???Increase of 5 ½ - 7 mln ac.?

Page 7: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

88U.S. Corn YieldsUSDA 2020 USDA Forecast = 178.5 bu/ac

U.S. Corn Production & Supplies

Page 8: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

90U.S. Corn Use – By Category

Livestock Feed

Ethanol

DDGS Exports

End Stocks

Page 9: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

Page 10: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

Page 11: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

21U.S. Corn Exports – Weekly thru 6/4/2020

U.S. Corn % Stocks/Use vs Price$

Page 12: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

World Corn Supply, Use & Stocks

Page 13: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

Page 14: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

Page 15: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

World-Less-China Corn % Stocks/Use vs Price$U.S.

Page 16: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

Grain Sorghum Markets#2

32U.S. Grain Sorghum Supply-Demand Balance Sheet

June 11, 2020

Page 17: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

Page 18: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

Page 19: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

Page 20: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

39U.S. Barley Supply-Demand Balance SheetJune 11, 2020

Page 21: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

41U.S. Oats Supply-Demand Balance SheetJune 11, 2020

42U.S. Feedgraom Supply-Demand Balance SheetJune 11, 2020

Page 22: U.S. Grains Council · 6/12/2020 · Marketing Year U.S. Corn % Ending Stocks/Use 15.7 $2.50 22.5 nn 15.5 15.3 U.S. Corn Price U.S. Corn Supply and Demand Item Planted area (million

July 10 World Agricultural Supply & Demand Estimates (WASDE)

August 12 & September 11 Crop Production & WASDE Reports

Questions?Daniel O’Brien – Extension Ag Economist

Blog: www.ksugrains.wordpress.com

KSUGrains on Twitter

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