WORLD OF CORN 2015pa 591 417 9.7 4,029 ri 1 0 0 0 sc 119 113 7.3 832 sd 2,348 2,154 9.3 20,000 tn...
Transcript of WORLD OF CORN 2015pa 591 417 9.7 4,029 ri 1 0 0 0 sc 119 113 7.3 832 sd 2,348 2,154 9.3 20,000 tn...
WORLDOF CORN2015
America’s corn farmers worked tirelessly in 2014 to grow a record
crop. The unparalleled abundance has positive implications for every
American. From a driver filling up a car to a shopper buying wholesome,
nutritious food for a family, the incredible innovation in American
agriculture improves lives across the country. Corn, a uniquely
American crop, plays an important role in furthering our country’s
success. As you turn these pages, you too can find out more about
how the World of Corn can improve your life in countless ways.
A Letter from NCGA
Chris NovakCEO
Chip BowlingPresident
U.S. Select Crop Value ($ billion)
Data Source: USDA, WASDE, Jan. 12, 2015 *estimate **projections
2014**
2013*
Corn
Soybeans
Wheat
Sorghum
Barley
Oats
$61.68 $51.89
$43.65 $40.48
$14.67 $12.36
$1.68 $1.64
$1.32 $0.93
$0.24 $0.23
U.S. All Crop Acres Harvested, 2013-2014 (1,000 hectare)
2013 2014
Corn (grain) 35,405 33,658
Corn (silage) 2,543 2,579
Soybeans 30,872 33,628
Hay 23,440 23,114
Wheat 18,353 18,778
Cotton 3,054 3,930
Sorghum (grain) 2,666 2,591
Sorghum (silage) 154 128
Rice 1,000 1,182
Barley 1,231 989
Dry Edible Beans 533 674
Canola 512 630
Sunflower 593 610
Peanuts 422 536
Sugar Beets 467 464
Potatoes 425 425
World of Corn
2013 2014
Oats 409 417
Dry Edible Peas 323 364
Sugar Cane 369 354
Proso Millet 258 174
Tobacco 144 153
Flaxseed 70 122
Lentils 140 105
Rye 113 104
Safflower 69 69
Sweet Potatoes 46 55
Peppermint 28 26
Hops 14 15
Mustard Seed 18 13
Other 20 21
Total 123,690 125,909
Source: USDA, NASS, Crop Production 2014 Summary, Jan. 12, 2015
U.S. Corn Production
2014 U.S. Corn Production by StateHectares Planted (1,000s)
Hectares Harvested
(1,000s)
Average Yield
(MT/Ha)
Total Production (1,000 MT)
AL 121 115 10.0 1,151AR 219 215 11.7 2,518AZ 30 11 13.2 149CA 211 38 10.4 398CO 466 409 9.2 3,746CT 11 0 0 0DE 71 68 12.5 853FL 30 16 8.5 137GA 142 126 10.7 1,339IA 5,547 5,385 11.2 60,135ID 130 32 12.5 406IL 4,818 4,757 12.5 59,693IN 2,389 2,336 11.8 27,554KS 1,640 1,538 9.3 14,382KY 615 579 9.9 5,739LA 162 158 11.5 1,813MA 6 0 0 0MD 202 174 11.0 1,911ME 13 0 0 0MI 1,032 895 10.1 9,038MN 3,320 3,057 9.8 29,918MO 1,417 1,368 11.7 15,969MS 206 196 11.6 2,279MT 53 30 6.3 191NC 340 316 8.3 2,615
Hectares Planted (1,000s)
Hectares Harvested
(1,000s)
Average Yield
(MT/Ha)
Total Production (1,000 MT)
ND 1,134 1,024 7.8 7,969NE 3,765 3,623 11.2 40,694NH 6 0 0 0NJ 34 32 9.9 315NM 51 19 12.2 238NV 2 0 0 0NY 462 275 9.3 2,556OH 1,498 1,405 11.0 15,513OK 130 117 9.2 1,083OR 32 16 11.9 188PA 591 417 9.7 4,029RI 1 0 0 0SC 119 113 7.3 832SD 2,348 2,154 9.3 20,000TN 372 340 10.5 3,585TX 911 806 9.3 7,481UT 30 11 10.0 114VA 202 142 9.1 1,289VT 37 0 0 0WA 87 45 13.5 601WI 1,619 1,259 9.8 12,324WV 21 15 9.3 136WY 36 24 8.7 210U.S. 36,679 33,658 10.7 361,095
Source: USDA, ERS Feed Outlook, Jan. 15, 2015 *Crop Year Ending Aug. 31, 2015
U.S. Corn Ending Stocks, 1934-2014 (MMT)
‘14*‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘94‘84‘74‘64‘54‘44‘34
2
8
26 29
9
35
40
54
50
33
41 42 43
29
25
21
31
48
Source: USDA, NASS, Crop Production 2014 Summary, Jan. 12, 2015
Historical Corn Performance, 1934-2014
U.S. Corn Acres Harvested, 1934-2014 (1,000 hectare)
Source: USDA, NASS, Crop Production 2014 Summary, Jan. 12, 2015
‘14‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘94‘84‘74‘64‘54‘44‘34
24,
796 3
4,41
4
27,
801
22,
417
26,
480
29,
108
29,
358
29,
810
30,
412
28,
598 35,
028
31,
810
32,
182
32,
974
34,
004
35,
370
35,
405
33,
658
‘14‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘94‘84‘74‘64‘54‘44‘34
24,
796 3
4,41
4
27,
801
22,
417
26,
480
29,
108
29,
358
29,
810
30,
412
28,
598 35,
028
31,
810
32,
182
32,
974
34,
004
35,
370
35,
405
33,
658
‘14‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘94‘84‘74‘64‘54‘44‘34
1.2
2.1
2.5
3.9
4.5
6.7
8.7
10.
1
9.3
9.4
9.5
9.7
10.
3
9.6
9.2
7.7
9.9
10.
7
‘14‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘94‘84‘74‘64‘54‘44‘34
1.2
2.1
2.5
3.9
4.5
6.7
8.7
10.
1
9.3
9.4
9.5
9.7
10.
3
9.6
9.2
7.7
9.9
10.
7 U.S. Average Corn Yield, 1934-2014 (MT/Ha)
Source: USDA, NASS, Crop Production 2014 Summary, Jan. 12, 2015
U.S. Corn Acres Planted, 1934-2014 (1,000 hectare)
Source: USDA, NASS, Crop Production 2014 Summary, Jan. 12, 2015 ‘14‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘94‘84‘74‘64‘54‘44‘34
40,
714
38,
654
33,
273
26,
649
31,
553
32,
598
31,
952
32,
765
33,
109
31,
711
37,
865
34,
811
34,
972
35,
705
37,
221
39,
334
38,
609
36,
679
‘14‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘94‘84‘74‘64‘54‘44‘34
40,
714
38,
654
33,
273
26,
649
31,
553
32,
598
31,
952
32,
765
33,
109
31,
711
37,
865
34,
811
34,
972
35,
705
37,
221
39,
334
38,
609
36,
679
‘14**‘13*‘12‘11‘10‘09‘08‘07‘06‘05‘04‘94‘84‘74‘64‘54‘44‘34
$31
.57
$40
.55
$56
.30
$46
.06 $
118.
89
$10
3.54
$88
.97
$81
.10
$78
.74
$11
9.68
$16
5.35
$15
9.83
$13
9.76
$20
3.93
$24
4.87
$27
1.24
$17
5.58
$14
3.69
‘14**‘13*‘12‘11‘10‘09‘08‘07‘06‘05‘04‘94‘84‘74‘64‘54‘44‘34
$31
.57
$40
.55
$56
.30
$46
.06 $
118.
89
$10
3.54
$88
.97
$81
.10
$78
.74
$11
9.68
$16
5.35
$15
9.83
$13
9.76
$20
3.93
$24
4.87
$27
1.24
$17
5.58
$14
3.69
U.S. Corn Prices, 1934-2014 ($/MT)
Source: USDA, WAOB, WASDE, Jan. 12, 2015 *estimated **projected for crop year Sept. 2014 – Aug. 2015
Source: USDA, WASDE, Jan. 12, 2015 * estimate **projections
‘14**‘13*‘12‘11‘10‘09‘08‘07‘06‘05‘04‘94‘84‘74‘64‘54‘44‘34
$0.
92
$2.
89
$3.
87
$4.
08
$14
.20
$20
.18
$22
.71
$24
.38
$22
.20
$32
.09
$54
.76
$49
.09
$46
.48 $
64.4
8
$76
.88
$74
.10
$61
.68
$51
.89
U.S. Corn Crop Value, 1934-2014 ($ billion)
Source: USDA, NASS, Crop Production 2014 Summary, Jan. 12, 2015‘14‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘94‘84‘74‘64‘54‘44‘34
29,
129
71,
165
68,
785
88,
505
119
,422
194
,883
255
,298
299
,879
282
,265
267
,506
331
,181
307
,145
332
,552
316
,168
313
,952
273
,195
353
,054
361
,095
‘14‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘94‘84‘74‘64‘54‘44‘34
29,
129
71,
165
68,
785
88,
505
119
,422
194
,883
255
,298
299
,879
282
,265
267
,506
331
,181
307
,145
332
,552
316
,168
313
,952
273
,195
353
,054
361
,095
U.S. Corn Production, 1934-2014 (1,000 MT)
Global Corn Production
U.S. 44.5(38.8%)
Brazil 22(19.2%)
Argentina 12(10.5%)
Ukraine 16.5(14.4%)
Russia 3 (2.6%)
Serbia 2.5 (2.2%)South Africa 2.5 (2.2%)
India 2.5 (2.2%)EU-27 2.5 (2.2%)
Burma 0.6 (0.5%)Paraguay 1.9 (1.7%)
Other 4.3 (3.7%)
Exporting Nations
Importing Nations
Total Exports/Imports114.8
Japan 15.4(13.4%)
Mexico 10.9(9.5%)
South Korea9.6 (8.4%)
Egypt 7.5(6.5%)
EU-277.0
(6.1%)
Iran 5.5 (4.8%)Taiwan 4.2 (3.7%)
Colombia 4.2 (3.7%) Algeria 3.4 (3.0%)Malaysia 3.4 (3.0%)U.S. 0.7 (0.6%)
Other 43.0(37.5%)
World Corn Exports/Imports, 2014-2015*
(MMT)
Source: USDA, FAS Grain: World Markets and Trade, Jan. 12, 2015*Marketing Year Oct. 1, 2014 – Sept. 30, 2015
World Corn Production, 2014-2015*
(MMT)World Corn Consumption, 2014-2015*
(MMT)
Source: USDA, FAS Grain: World Markets and Trade, Jan. 12, 2015*Marketing Year Oct. 1, 2014 – Sept. 30, 2015
Source: USDA, FAS Grain: World Markets and Trade, Jan. 12, 2015*Marketing Year Oct. 1, 2014 – Sept. 30, 2015
U.S.11,700
EU-2774
China215.5
Other143
Brazil75
Argentina22
Russia12Mexico
23
U.S.361.1
Ukraine27 India
22
South Africa13.5
World Total988.1
EU-2777.5
China216
Other213.4
Brazil56.5
Japan15.4
Canada12.4
Mexico33.3
U.S.300.9
Indonesia12India
20Egypt13.8
World Total971.2
U.S. Corn Exports/Leading Markets, 2011-2014 (MMT)
2011-12 2012-13 2013-14
Japan 11.5 6.9 11.8
Mexico 10.2 4.6 10.5
South Korea 3.6 0.5 5.0
Colombia 0.3 0.2 3.5
China 5.1 2.4 2.7
Taiwan 1.6 0.5 1.8
2011-12 2012-13 2013-14
EU-27 – 0.0 1.3
Venezuela 1.3 1.1 1.1
Saudi Arabia 0.4 0.3 1.0
Guatemala 0.6 0.2 0.8
Other 4.7 1.9 9.3
Total 39.2 18.5 48.7
Source: USDA, ERS Feed Outlook, Jan. 14, 2015
U.S. Corn Exports, 1994-2014 (MMT)
‘14**‘13*‘12‘11‘10‘09‘08‘07‘06‘05‘04‘03‘02‘01‘00‘99‘98‘97‘96‘95‘94
55 57
46
38
50 49 49 48
40
48 46
54 54
62
47 50 47
39
19
49
44
Source: USDA, WAOB, WASDE, Jan. 12, 2015 *estimate **projections
Corn Consumption Overview
‘14*‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘99‘94‘89‘84
27 35 44 49
69 77
90
113 12
8 151 16
3
163
153 16
5
167
Food/Seed/Industrial Usage, 1984-2014 (MMT)
Source: USDA, ERS Feed Outlook, Jan. 15, 2015 *Crop Year Ending Aug. 31, 2015
Corn Processed by Segment, 1994-2014 (MMT)
Source: USDA, ERS Feed Outlook *projection
Carry-Out
0
25
50
75
100
125
150
175
‘14*‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘03‘02‘01‘00‘99‘98‘97‘96‘95‘94
Feed/Residual FSI
Exports
Corn Usage by Segment, 2014 (MMT)
Total Usage 345 MMT• = 1 MMT
• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
• • • • • • • • • • • • • • • • • • • • • • • • • •
Feed/Residual134 MMT (38.8%)
Exports44 MMT(12.9%)
DDGs26 MMT (7.6%)
• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
Sweeteners7 MMT (2.1%)
High-Fructose Corn Syrup12 MMT (3.6%)
FuelEthanol105 MMT(30.5%)
Starch 6 MMT (1.8%)
Beverage/Alcohol4 MMT (1.0%)
Seed1 MMT (0.2%)
FSI167 MMT
Cereal/Other5 MMT (1.5%)
Source: USDA, ERS Feed Outlook, Jan. 14, 2015; ProExporter NetworkCrop Year Ending Aug. 31, 2015
Corn Consumption Food & Feed
Starch Usage, 1984-2014 (MMT)
‘14*‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘99‘94‘89‘84
4
6 6 6
7 7 7 7
6 6
7
6 6 6 6
Source: USDA, ERS Feed Outlook, Jan. 15, 2015, *Crop Year Ending Aug. 31, 2015
High-Fructose Corn Syrup Usage, 1984-2014 (MMT)
‘14*‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘99‘94‘89‘84
8 9
12
14 13 14 14 13 12 13 13 13 12 12 12
Source: USDA, ERS Feed Outlook, Jan. 15, 2015 *Crop Year Ending Aug. 31, 2015
‘14*‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘99‘94‘89‘84
2
3 3 3 3 3 3 3 3 3 3 3
4 4 4
Beverages and Manufacturing Alcohol, 1984-2014 (MMT)
Source: USDA, ERS Feed Outlook, Jan. 15, 2015 *Crop Year Ending Aug. 31, 2015
Sweetener Usage, 1984-2014 (MMT)
‘14*‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘99‘94‘89‘84
4
5
6 6 6 6
7 7
6
7 7
8
7
8
7
Source: USDA, ERS Feed Outlook, Jan. 15, 2015 *Crop Year Ending Aug. 31, 2015
Cereal and Food, 1984-2014 (MMT)
‘14*‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘99‘94‘89‘84
2
3
4
5 5 5 5 5 5 5 5 5 5 5 5
Source: USDA, ERS Feed Outlook, Jan. 15, 2015 *Crop Year Ending Aug. 31, 2015
Source: ProExporter Network *projections
‘14*‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04
8 9
14
23 23
28
31 30
27 26 26
Corn Displaced by DDG/CGF in Domestic Livestock Rations, 2004-2014 (MMT)
U.S. Corn Fed by Region2004-2014 (MMT)
Source: ProExporter Network, Crop Year Ending Aug. 31, 2015 * projections
0
30
60
90
120
150
Non-Cornbelt
Cornbelt
'14*'13'12'11'10'09'08'07'06'05'04'03'02
Corn Fed by Species2001-2014(MMT)
Source: ProExporter Network, Crop Year Ending Aug. 31, 2015 *projections
0
10
20
30
40
50
'14*'13'12'11'10'09'08'07'06'05'04'03'02'01
Poultry
Dairy
Other
Beef
Pork
U.S. Meat Exports by Animal Group1994-2014 (TMT)
Source: PRX; USDA, WAOB, WASDE, Jan. 2015 * Calendar Year Estimates
0
500
1000
1500
2000
2500
3000
3500
4000
'14*'13'12'11'10'09'08'07'06'05'04'03'02'01'00'99'98'97'96'95'94
Poultry
Beef
Pork
Corn Consumption Ethanol
‘14*‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘99‘94‘89‘84
6 8 14 1434 41
5477
9411
7 128
127
118 13
013
1
Corn Used for Ethanol and DDG Production, 1984-2014(MMT)
Source: USDA, ERS Feed Outlook, Jan. 15, 2015*Crop Year Ending Aug. 31, 2015
Insect Resistant 1,467Non-Biotech 2,568Herbicide Tolerant 4,768Stacked Traits 27,876
4%Insect
Resistant7%Non-Biotech
13%HerbicideTolerant
76%Stacked Traits
Total 36,679
Percentage of Biotech Acreage, 2012-2014
Source: USDA, NASS, Acreage Jun. 30, 2014
Insect Resistant Herbicide Tolerant Stacked Traits All Biotech HybridsYear ‘12 ‘13 ‘14 ‘12 ‘13 ‘14 ‘12 ‘13 ‘14 ‘12 ‘13 ‘14IA 12 5 4 15 14 8 64 72 83 91 91 95
IL 14 4 3 18 7 5 53 78 83 85 89 91
IN 9 2 2 15 10 8 60 73 78 84 85 88
KS 20 7 5 19 15 18 51 69 72 90 91 95
MI 8 4 2 26 15 15 52 71 76 86 90 93
MN 19 3 2 22 10 10 47 78 81 88 91 93
MO 18 5 4 20 16 10 48 71 79 86 92 93
ND 17 5 6 36 20 22 43 69 68 96 94 96
NE 16 6 4 20 13 15 55 74 77 91 93 96
OH 13 6 3 20 16 14 43 63 69 76 85 86
SD 9 2 3 23 12 14 62 82 80 94 96 97
TX 20 16 12 21 20 17 44 53 62 85 89 91
WI 10 3 3 23 18 17 53 63 72 86 84 92
Other 18 6 6 26 21 19 41 61 66 85 88 91
Total 15 5 4 21 14 13 52 71 76 88 90 93
Biotech Share of U.S. Corn Acres Planted, 2014(1,000 hectare)
Source: USDA, NASS, Crop Production Annual Jan. 12, 2015
State Organizations& Grower Members
Grower Members
Founded in 1957, the National Corn Growers Association represents more than
42,000 dues-paying corn farmers nationwide and the interests of more than
300,000 growers who contribute through corn checkoff programs in their states.
NCGA and its 48 affiliated state associations and checkoff organizations work
together to create and increase opportunities for their members and their industry.
National Corn Growers Associationwww.ncga.com
20 F Street NW, Suite 600Washington, DC 20001(202) 628-7001
632 Cepi DriveChesterfield, MO 63005(636) 733-9004
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