2010 u.s. wheat situation production & market …...darrell davis wheat producer ipswich, sd...
TRANSCRIPT
![Page 1: 2010 U.S. Wheat Situation Production & Market …...Darrell Davis Wheat Producer Ipswich, SD Secretary Treasurer 2010 U.S. Wheat Situation Production & Market Highlights . 21st Annual](https://reader034.vdocument.in/reader034/viewer/2022042201/5ea1bdaa0ecf36016b2faf8f/html5/thumbnails/1.jpg)
Darrell DavisWheat Producer
Ipswich, SD
Secretary Treasurer
2010 U.S. Wheat Situation
Production & Market Highlights .
21st Annual IAOM MEA District Conference Cape Town, South Africa 22-25 November, 2010
![Page 2: 2010 U.S. Wheat Situation Production & Market …...Darrell Davis Wheat Producer Ipswich, SD Secretary Treasurer 2010 U.S. Wheat Situation Production & Market Highlights . 21st Annual](https://reader034.vdocument.in/reader034/viewer/2022042201/5ea1bdaa0ecf36016b2faf8f/html5/thumbnails/2.jpg)
![Page 3: 2010 U.S. Wheat Situation Production & Market …...Darrell Davis Wheat Producer Ipswich, SD Secretary Treasurer 2010 U.S. Wheat Situation Production & Market Highlights . 21st Annual](https://reader034.vdocument.in/reader034/viewer/2022042201/5ea1bdaa0ecf36016b2faf8f/html5/thumbnails/3.jpg)
My Farming
Operation
• Sixth generation
• Beef cow-calf ranch
• Hunting enterprise
• 2,800+ tillable hectares
Hard red spring wheat
Seeded hard red winter
first time this year
Corn and soybeans
![Page 4: 2010 U.S. Wheat Situation Production & Market …...Darrell Davis Wheat Producer Ipswich, SD Secretary Treasurer 2010 U.S. Wheat Situation Production & Market Highlights . 21st Annual](https://reader034.vdocument.in/reader034/viewer/2022042201/5ea1bdaa0ecf36016b2faf8f/html5/thumbnails/4.jpg)
U.S. Crop Planted Area Comparison
31.2
24.5 23.9
21.8
30.0
37.9
35.236.0
23.4
26.2
31.4
31.2
20.0
22.0
24.0
26.0
28.0
30.0
32.0
34.0
36.0
38.0
40.0
90/91 92/93 94/95 96/97 98/99 00/01 02/03 04/05 06/07 08/09 10/11
Millio
n H
ecta
res
Wheat Corn Soybeans
![Page 5: 2010 U.S. Wheat Situation Production & Market …...Darrell Davis Wheat Producer Ipswich, SD Secretary Treasurer 2010 U.S. Wheat Situation Production & Market Highlights . 21st Annual](https://reader034.vdocument.in/reader034/viewer/2022042201/5ea1bdaa0ecf36016b2faf8f/html5/thumbnails/5.jpg)
U.S. Wheat Area and Production
2.0
2.2
2.4
2.6
2.8
3.0
3.2
3.4
15
25
35
45
55
65
75
91/92 94/95 97/98 00/01 03/04 06/07 09/10
MT/
hec
tare
s
Pro
duct
ion
(MM
T) a
nd
Har
vest
ed A
rea
(mh
)
Harvested Area Production Yield
60.5
MMT
![Page 6: 2010 U.S. Wheat Situation Production & Market …...Darrell Davis Wheat Producer Ipswich, SD Secretary Treasurer 2010 U.S. Wheat Situation Production & Market Highlights . 21st Annual](https://reader034.vdocument.in/reader034/viewer/2022042201/5ea1bdaa0ecf36016b2faf8f/html5/thumbnails/6.jpg)
U.S. Wheat Supply & DemandJune, 2010
![Page 7: 2010 U.S. Wheat Situation Production & Market …...Darrell Davis Wheat Producer Ipswich, SD Secretary Treasurer 2010 U.S. Wheat Situation Production & Market Highlights . 21st Annual](https://reader034.vdocument.in/reader034/viewer/2022042201/5ea1bdaa0ecf36016b2faf8f/html5/thumbnails/7.jpg)
U.S. Wheat Supply & Demand July, 2010
![Page 8: 2010 U.S. Wheat Situation Production & Market …...Darrell Davis Wheat Producer Ipswich, SD Secretary Treasurer 2010 U.S. Wheat Situation Production & Market Highlights . 21st Annual](https://reader034.vdocument.in/reader034/viewer/2022042201/5ea1bdaa0ecf36016b2faf8f/html5/thumbnails/8.jpg)
U.S. Wheat Supply & Demand August, 2010
![Page 9: 2010 U.S. Wheat Situation Production & Market …...Darrell Davis Wheat Producer Ipswich, SD Secretary Treasurer 2010 U.S. Wheat Situation Production & Market Highlights . 21st Annual](https://reader034.vdocument.in/reader034/viewer/2022042201/5ea1bdaa0ecf36016b2faf8f/html5/thumbnails/9.jpg)
U.S. Wheat Supply & Demand October, 2010
![Page 10: 2010 U.S. Wheat Situation Production & Market …...Darrell Davis Wheat Producer Ipswich, SD Secretary Treasurer 2010 U.S. Wheat Situation Production & Market Highlights . 21st Annual](https://reader034.vdocument.in/reader034/viewer/2022042201/5ea1bdaa0ecf36016b2faf8f/html5/thumbnails/10.jpg)
Source: USDA FAS export sales report 5 November 2010
Top 10 Customers for U.S. Wheat2009/10 vs. 20010/11
(year-to-date)
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
1.8
MM
T
2009/10 2010/11
Total US Export Sales
as of October 28th:
20.0 MMT vs 13.2 MMT
34.0 MMT vs 24.0 MMT
Annual (projected) Total
![Page 11: 2010 U.S. Wheat Situation Production & Market …...Darrell Davis Wheat Producer Ipswich, SD Secretary Treasurer 2010 U.S. Wheat Situation Production & Market Highlights . 21st Annual](https://reader034.vdocument.in/reader034/viewer/2022042201/5ea1bdaa0ecf36016b2faf8f/html5/thumbnails/11.jpg)
2010-2011 Comments By Class
• 2010 Crop Quality
Report and by class
reports are posted
at www.uswheat.org
![Page 12: 2010 U.S. Wheat Situation Production & Market …...Darrell Davis Wheat Producer Ipswich, SD Secretary Treasurer 2010 U.S. Wheat Situation Production & Market Highlights . 21st Annual](https://reader034.vdocument.in/reader034/viewer/2022042201/5ea1bdaa0ecf36016b2faf8f/html5/thumbnails/12.jpg)
• Production:
27.7 MMT (25.0 MMT)
• Crop Development:
Land area down 5%; yields
increased; cool temps thru
head filling; rain delays in MT.
• Quality 2010 v. 5 Yr Ave:
Protein 11.8 (12.4)
Kg/Hl 80.2 (79.2)
Humid. 11.2 (11.2)
Falling # 406 (412)
Hard Red Winter Wheat2010 Crop, Harvest Composite
710
25
28
10
16
0
5
10
15
20
25
30
35
40
05/06 06/07 07/08 08/09 09/10 10/11
MMT
Beginning stocks Production Imports Exports
![Page 13: 2010 U.S. Wheat Situation Production & Market …...Darrell Davis Wheat Producer Ipswich, SD Secretary Treasurer 2010 U.S. Wheat Situation Production & Market Highlights . 21st Annual](https://reader034.vdocument.in/reader034/viewer/2022042201/5ea1bdaa0ecf36016b2faf8f/html5/thumbnails/13.jpg)
• Production:
15.8 MMT (14.9 MMT)
• Crop Development:
Wet weather delayed last
15% of harvest ; generally
hot summer; higher yields.
• Quality 2010 v 5 Yr Ave:
Protein 13.7 (14.3)
Kg/Hl 81.0 (80.0)
Humid. 12.4 (12.1)
Falling # 387 (405)
Hard Red Spring Wheat2010 Crop, Harvest Composite
46
15
16
6
10
0
5
10
15
20
25
05/06 06/07 07/08 08/09 09/10 10/11
MM
T
Beginning stocks Production Imports Exports
![Page 14: 2010 U.S. Wheat Situation Production & Market …...Darrell Davis Wheat Producer Ipswich, SD Secretary Treasurer 2010 U.S. Wheat Situation Production & Market Highlights . 21st Annual](https://reader034.vdocument.in/reader034/viewer/2022042201/5ea1bdaa0ecf36016b2faf8f/html5/thumbnails/14.jpg)
• Production:
7.1 MMT (11.0 MMT)
• Crop Development:
Land area down; generally good growing conditions favoring East Coast crop; higher DON levels elsewhere.
• Quality 2010 v 5 Yr Ave:
Protein 10.3 (9.9)
Kg/Hl 76.2 (78.1)
Humid. 12.9 (13.0)
Falling # 333 (334)
Soft Red Winter Wheat2010 Crop, Harvest Composite
5
7
11
6
33
0
5
10
15
20
05/06 06/07 07/08 08/09 09/10 10/11
MM
T
Beginning stocks Production Imports Exports
![Page 15: 2010 U.S. Wheat Situation Production & Market …...Darrell Davis Wheat Producer Ipswich, SD Secretary Treasurer 2010 U.S. Wheat Situation Production & Market Highlights . 21st Annual](https://reader034.vdocument.in/reader034/viewer/2022042201/5ea1bdaa0ecf36016b2faf8f/html5/thumbnails/15.jpg)
• Production:
7.5 MMT (6.5 MMT)
• Crop Development:
“Ideal” moisture, “excellent” growing conditions. Good harvest period. More typical low proteins.
• Quality 2010 v 5 Yr Ave:
Protein 9.7 (10.4)
Kg/Hl 78.5 (78.7)
Humid. 9.4 ( 9.2)
Falling # 337 (332)
Soft White Wheat2010 Crop, Harvest Composite
2 2
6
7
45
0
2
4
6
8
10
12
05/06 06/07 07/08 08/09 09/10 10/11
MM
T
Beginning stocks Production Imports Exports
![Page 16: 2010 U.S. Wheat Situation Production & Market …...Darrell Davis Wheat Producer Ipswich, SD Secretary Treasurer 2010 U.S. Wheat Situation Production & Market Highlights . 21st Annual](https://reader034.vdocument.in/reader034/viewer/2022042201/5ea1bdaa0ecf36016b2faf8f/html5/thumbnails/16.jpg)
• Production:
3.0 MMT (3.0 MMT)
• Crop Development:
Higher planting in N. Plains offset by lower area in desert SW; wet, cool weather with little stress; delayed harvest .
• Quality Attributes:
Protein 13.4 (13.5)
Kg/Hl 78.1 (80.0)
Humid. 11.5 (11.8)
Falling # 335 (411)
Durum Wheat2010 Northern Crop, Harvest Composite
0.71.0
3.0
3.0
1.0
1.0
1.1
1.5
0
1
2
3
4
5
05/06 06/07 07/08 08/09 09/10 10/11
MM
T
Beginning stocks Production Imports Exports
![Page 17: 2010 U.S. Wheat Situation Production & Market …...Darrell Davis Wheat Producer Ipswich, SD Secretary Treasurer 2010 U.S. Wheat Situation Production & Market Highlights . 21st Annual](https://reader034.vdocument.in/reader034/viewer/2022042201/5ea1bdaa0ecf36016b2faf8f/html5/thumbnails/17.jpg)
Thank you for the opportunity to discuss some
important issues.
.
We appreciate your business!