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Feedgrain Market Outlook for 2020 - 2021 2020 “Winning the Game” Workshop KFMA Ag Economists – Abilene, KS, 9/3/3030 DANIEL O’BRIEN EXTENSION AGRICULTURAL ECONOMIST Corn & Sorghum Markets

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Page 1: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa

Feedgrain Market Outlook for 2020 - 2021

2020 “Winning the Game” Workshop

KFMA Ag Economists – Abilene, KS, 9/3/3030

DANIEL O’BRIEN

EXTENSION AGRICULTURAL ECONOMIST

Corn & Sorghum Markets

Page 2: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa

Key Grain Market Issues in 2020-2021

U.S. Corn & Soybean Production Prospects

• Planted & Harvested Acreage? (Corn*** & Soybeans)

• Crop Yields?

o Generally Good Conditions Dry in Iowa, Indiana, Ohio

o “Derecho” Windstorm damage in Iowa on August 10th

Estimates of at least 300-600 million bushels – still doing “the math” for how blown down corn in August will yield

• Strong U.S. Grain Sorghum Exports to China

Page 3: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa
Page 4: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa

CME DEC 2020 Corn Futures

Page 5: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa

CME DEC 2020 Corn Futures

CME DEC 2020 Corn Futures & Options

Page 6: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa
Page 7: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa
Page 8: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa
Page 9: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa
Page 10: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa
Page 11: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa

U.S. Sorghum Supply-DemandAugust 12, 2020 WASDE Report

Page 12: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa
Page 13: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa
Page 14: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa
Page 15: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa
Page 16: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa
Page 17: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa
Page 18: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa

World Corn Supply, Use & Stocks

Page 19: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa
Page 20: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa
Page 21: Corn & Sorghum Markets · ELEC. CORN (@C) [10 Minute Delay] Spread Matrix I Symbol Search I Symbol Lookup ... 350'0 0'2 007 3496 350'0 348'6 oct-20 NOV-20 . IOWA RADIO 43% of Iowa

Questions?

Daniel O’Brien – Extension Ag Economist

Blog: www.ksugrains.wordpress.com

KSUGrains on Twitter & Facebook

www.AgManager.info