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January 4, 2024
Methods and Supporting Information (Prior Years)
roast, beef
sandwiches and other beef-based meals.
“Pork” … roast,
ground pork, and other pork-based meals.
“Chicken” … chicken, chicken sandwiches and other chicken-based meals.
“Fish/Seafood” …
January 4, 2024
Methods and Supporting Information (Prior Years)
roast, beef
sandwiches and other beef-based meals.
“Pork” … roast,
ground pork, and other pork-based meals.
“Chicken” … chicken, chicken sandwiches and other chicken-based meals.
“Fish/Seafood” …
January 4, 2024
Methods and Supporting Information (Prior Years)
roast, beef
sandwiches and other beef-based meals.
“Pork” … roast,
ground pork, and other pork-based meals.
“Chicken” … chicken, chicken sandwiches and other chicken-based meals.
“Fish/Seafood” …
April 3, 2024
Methods and Supporting Information (Prior Years)
roast, beef
sandwiches and other beef-based meals.
“Pork” … roast,
ground pork, and other pork-based meals.
“Chicken” … chicken, chicken sandwiches and other chicken-based meals.
“Fish/Seafood” …
October 4, 2024
Methods and Supporting Information (Prior Years)
roast, beef
sandwiches and other beef-based meals.
“Pork” … roast,
ground pork, and other pork-based meals.
“Chicken” … chicken, chicken sandwiches and other chicken-based meals.
“Fish/Seafood” …
October 4, 2024
Methods and Supporting Information (Prior Years)
roast, beef
sandwiches and other beef-based meals.
“Pork” … roast,
ground pork, and other pork-based meals.
“Chicken” … chicken, chicken sandwiches and other chicken-based meals.
“Fish/Seafood” …
October 4, 2024
Methods and Supporting Information (Prior Years)
roast, beef
sandwiches and other beef-based meals.
“Pork” … roast,
ground pork, and other pork-based meals.
“Chicken” … chicken, chicken sandwiches and other chicken-based meals.
“Fish/Seafood” …
Summary Book - All Counties
2,260 FARM UNITS plus 633 OTHERS IN PARTNERSHIPS, ETC. = 2,893 … 81,684
Poultry and Eggs5 4,134
Other Livestock6 -6,931
Custom … 57,542
Hay and Forage15 1,235
Other Crop16 6,700
Government Payments17 …
June 24, 2016
Grain Market Outlook
Page | 3
I. U.S. Soybean Market Situation and Outlook
I‐A. June 10th USDA WASDE & the June 30th USDA Acreage Reports
On June 10th the USDA World Agricultural Outlook Board (WAOB) released its June 2016 World
Agricultural Supply and Demand Estimates (WASDE) report – containing U.S. and World soybean supply‐
demand and price projections for the 2014/15, “current” 2015/16, and “new crop” 2016/17 marketing years.
The “current” 2015/16 marketing year for U.S. soybeans began on 9/1/2015 and will last through 8/31/2016,
with “new crop” MY 2016/17 beginning 9/1/2016 and lasting through 8/31/2017.
Prior to the April 12th, May 10th, and June 10th USDA WASDE reports, on March 31st the USDA National
Agricultural Statistics Service (NASS) released its 2016 Prospective Plantings and March 1st Quarterly Grain
Stocks reports. Information from the 2016 Prospective Plantings report has been used by the USDA as the
base estimate for the USDA’s 2016 U.S. soybean planted acreage forecast in the June 10th WASDE report.
However, more current farmer survey‐based information on 2016 planted and harvested acreage for U.S.
soybeans and other major and minor crops will be made available by USDA NASS in its’ June 30th 2016 Acreage
report. The findings of the USDA 2016 Acreage report will provide information from surveys of nearly 70,000
U.S. farm operators that were conducted the first two weeks in June 2016, supplemented with historical
planted‐to‐harvested acreage relationships and the historic accuracy of past USDA Acreage report projections.
I‐B. CME JULY & NOV 2016 Soybean Futures Trends & Kansas Cash Prices
Since lows of $8.59 ½ on November 23, 2015, $8.63 on January 4, 2016, and $8.62 on February
29, 2016, JULY 2016 Chicago Mercantile Exchange (CME) soybean futures prices have traded higher
– up to $12.08 ½ on June 6th before closing at $11.03 on Friday, June 24th (Figure 1).
Similarly, since lows of $8.50 on September 8, 2015, $8.59 ¼ on November 9, 2015, $8.68 on
January 4, 2016, and $8.68 on February 29, 2016, NOVEMBER 2016 CME soybean futures prices have
traded up to $11.86 ¼ on June 13th, before closing at $10.78 ½ on Friday, June 24th (Figure 1).
Figure 1. JULY and NOVEMBER 2016 CME Soybean Futures Weekly Price Charts …
April 26, 2016
Grain Market Outlook
Page | 3
I. U.S. Soybean Market Situation and Outlook
I‐A. April 12th WASDE & March 31st Prospective Plantings & Stocks Reports
On April 12th the USDA World Agricultural Outlook Board (WAOB) released its April 2016 World
Agricultural Supply and Demand Estimates (WASDE) report – containing U.S. and World soybean supply‐
demand and price projections for the 2013/14, “old crop” 2014/15, as well as the “current” 2015/16 marketing
years. The “current” 2015/16 marketing year for U.S. corn began on 9/1/2015 and will last through 8/31/2016.
The March 9th and April 12th USDA WASDE reports followed earlier U.S. soybean supply‐demand and price
projections for the “next crop” 2016/17 marketing year (i.e., MY 2016/17) provided by the USDA at the 2016
Agricultural Outlook Forum in Arlington, Virginia on February 25‐26, 2016.
Prior to the April 12th USDA WASDE report, on March 31st the USDA National Agricultural Statistics
Service (NASS) released its 2016 Prospective Plantings and March 1st Quarterly Grain Stocks reports. The
USDA used information from the Quarterly Grain Stocks report to make adjustments in the U.S. soybean
supply‐demand balance sheet. Information from the 2016 Prospective Plantings report has been used in this
report to update the USDA’s soybean production and supply‐demand projections for “next crop” MY 2016/17.
These adjustments anticipate what the USDA is likely to do if it follows it’s usual practice in the upcoming May
10th USDA WASDE report when it releases its own updated U.S. corn supply‐demand and price projection for
“next crop” MY 2016/17.
I‐B. Comments on Major World Soybean Market Trends
The activities of the World soybean market over the last 3 to 5 years can be better understood by
recognizing several “predominant trends” that have been occurring in production and export/import trade
among major countries and regions of the World involved in soybean trade. The primary countries involved in
or “driving” these predominant trends have been China in terms of demand factors, South American countries
(Brazil, Argentina, Paraguay, and others), and the United States …