Post on 19-Dec-2015
FEED GRAINS -- CORN
196219641966196819701972197419761978198019821984198619881990199219941996199820002002200420062008
0.00
100.00
200.00
300.00
400.00
500.00
600.00
700.00
CornSorghumOatsBarley
Feed Grain ProductionMillion Bushels
THE MAYAN, AZTEC AND INCA CIVILIZATIONS
DEPENDED UPON CORN
FOODART
CULTURE
COLUMBUS INTRODUCED CORN TO EUROPE
The American heritage
Tomato, potato, squash, bean, corn, peanut, hot pepper, cacao, vanilla, pineapple, ... turkeyAll these products were unknown in Europe, Asia and Africa before the discovery of the American continent by Christopher Columbus in 1492.
CORN IS GROWN IN A WIDE VARIETY OF CLIMATES
RANGING FROM THE DRY PLAINS OF RUSSIA TO
SUBTROPICAL AREAS OF FLORIDA
MAJOR WORLD PRODUCERS:
UNITED STATESCHINABRAZIL
ARGENTINAEUROPE
FSU
WORLD CORN PRODUCTION
UNITED STATES50%
CHINA22%
BRAZIL8%
FSU2%
EU8%
MEXICO4%
SOUTH EAST ASIA3%
OTHER EUROPE3%
95 % OF ALL CORN GROWN IN THE UNITED STATES IS
DENT CORN
OTHER TYPES OF CORN :
SWEET CORN POPCORN
FLOUR CORNWAXY CORN
CORN IS PRODUCED IN ABOUT EVERY STATE OF
THE UNIONLEADING STATES:
IOWAILLINOIS
NEBRASKAINDIANA
OHIOMINNESOTA
FACTORS THAT INFLUENCE LAND PLANTED TO CORN:
1975/76
1977/78
1979/80
1981/82
1983/84
1985/86
1987/88
1989/90
1991/92
1993/94
1995/96
1997/98
1999/00
2001/02
2003/04
2005/06
2007/08
40000
50000
60000
70000
80000
90000
100000
Acres Planted (1000 acres)
Acres Harvested (1000 acres)
US Corn Acres Planted and Harvested1000 Acres
Factors influencing corn acres:
Government programs–Set-aside–CRP–Loan Rate
Factors influencing corn acres:
Government programs–Set-aside–CRP–Loan Rate
Price of corn
$0.00
$2.00
$4.00
$6.00
$8.00
$10.00
$12.00
$14.00
Corn and Soybean Prices
Factors influencing corn acres:
Government programs–set-aside–CRP–Loan Rate
Price of cornPrice of competing crops
Factors influencing corn acres:
Government programs–set-aside–CRP–Loan Rate
Price of cornPrice of competing cropsWeather
Factors influencing corn acres:
Government programs–set-aside–CRP–Loan Rate
Price of cornPrice of competing cropsWeatherPrice of inputs
1975
/76
1977
/78
1979
/80
1981
/82
1983
/84
1985
/86
1987
/88
1989
/90
1991
/92
1993
/94
1995
/96
1997
/98
1999
/00
2001
/02
2003
/04
2005
/06
2007
/080
20
40
60
80
100
120
140
160
180
Corn Yield Per Acre (Bushels)
A typical bushel of corn weighs 56 pounds and contains approximately 72,800 kernels. Most of the weight is the starch, oil, protein and fiber, with some natural moisture.
What can be extracted from a bushel of corn?
32 Pounds of StarchOR33 Pounds of SweetenerOR2.5 Gallons of Fuel EthanolAND11.4 Pounds of 20% Gluten FeedAND3 Pounds of 60% Gluten MealAND1.6 Pounds of Corn Oil
1975/76
1976/77
1977/78
1978/79
1979/80
1980/81
1981/82
1982/83
1983/84
1984/85
1985/86
1986/87
1987/88
1988/89
1989/90
1990/91
1991/92
1992/93
1993/94
1994/95
1995/96
1996/97
1997/98
1998/99
1999/00
2000/01
2001/02
2002/03
2003/04
2004/05
2005/06
2006/07
2007/08
2008/09
2009/10
0
1000
2000
3000
4000
5000
6000
7000
EXPORT FEED
FOOD, ALCOHOL AND INDUST
US CORN DISAPPEARANCEMILLION BUSHELS
WORLD CORN EXPORTS2004
UNITED STATES68%
S. AFRICA1%BRAZIL
6%
CHINA10%
ARGENTINA15%
1975
/76
1977
/78
1979
/80
1981
/82
1983
/84
1985
/86
1987
/88
1989
/90
1991
/92
1993
/94
1995
/96
1997
/98
1999
/00
2001
/02
2003
/04
2005
/06
2007
/08
2009
/100.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
EXPORTS AS A PERCENT OF TOTAL CONSUMPTION