u.s. corn carryout in days supply · 2021. 1. 12. · agwizard 1/12/2021 515-225-4300. 1230 1149...

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  • AgWizard 1/12/2021 515-225-4300

    56

    43 42 40

    7284

    8998

    70

    133

    177

    55

    86

    227241

    200

    97

    6072

    51

    91

    41

    61

    18

    37

    54

    70 6671

    59

    4234

    7264

    4248 51 48

    32 29 2733

    46 4657 53 57 50

    39

    0

    50

    100

    150

    200

    250

    Day

    s

    U.S. Corn Carryout in Days Supply

  • AgWizard 1/12/2021 515-225-4300

    484 361

    634

    1,135

    1,436

    1,710

    2,034

    1,393

    2,537

    3,524

    1,007

    1,648

    4,039

    4,883

    4,259

    1,931

    1,351 1,520

    1,100

    2,109

    850

    1,558

    426

    883

    1,308

    1,788 1,718

    1,900

    1,588

    1,086 958

    2,114 1,968

    1,304

    1,685 1,673 1,708

    1,128

    989 821

    1,232

    1,731 1,737

    2,293 2,140

    2,221

    1,919

    1,552

    -

    500

    1,000

    1,500

    2,000

    2,500

    3,000

    3,500

    4,000

    4,500

    5,000

    mill

    ion

    bush

    els

    U.S. Corn Carryout

  • AgWizard 1/12/2021 515-225-4300

    55805670

    4701

    584162896505

    72687928

    6639

    81198235

    4174

    7672

    88759226

    7131

    4929

    7532

    7934

    7475

    9477

    6338

    10051

    7400

    92339207

    9759

    9431

    9915

    95038967

    10087

    1180611112

    10531

    13038

    12092

    13092

    1244712360

    10780

    1382914215

    13602

    1514814609

    1434013620

    14182

    0

    2000

    4000

    6000

    8000

    10000

    12000

    14000

    16000

    mill

    ion

    bush

    els

    U.S. Corn Production

  • AgWizard 1/12/2021 515-225-4300

    6026

    4824

    58025803

    6280

    69977604

    72826975

    72496693

    70326494

    73857757

    7260

    81207761

    79158471

    7621

    9352

    8548878987919298

    951597409829

    9490

    1023210662

    1126911210

    12713

    12056

    1306613055

    12528

    11083

    13454

    1374913664

    1464914798

    142881396314575

    0

    2000

    4000

    6000

    8000

    10000

    12000

    14000

    16000

    mill

    ion

    bush

    els

    U.S. Corn Usage

  • AgWizard 1/12/2021 515-225-4300

    12301149

    16641645

    1896

    2113

    2401 2391

    1997

    18211886

    1850

    1227

    1492

    1716

    2028

    2367

    1727

    15841663

    1328

    21772228

    1797

    1504

    198419371941

    1905

    1588

    19001818

    21342125

    2436

    1849

    19801835

    1543

    730

    19201867

    1901

    22942438

    2066

    1778

    2550

    0

    500

    1000

    1500

    2000

    2500

    3000

    mill

    ion

    bush

    els

    U.S. Corn Exports Since 1973

  • AgWizard 1/12/2021 515-225-4300

    4000

    5000

    6000

    7000

    8000

    9000

    10000

    11000

    12000

    13000

    14000

    15000

    16000

    17000

    mill

    ion

    bush

    els

    U.S. Corn Usage & Production

    Corn Production Corn Usage

  • AgWizard 1/12/2021 515-225-4300

    20%

    24%

    29%28%

    30%30%

    32%33%

    29%

    25%

    28%

    26%

    19%

    20%

    22%

    28%29%

    22%

    20%20%

    17%

    23%

    26%

    20%

    17%

    21%20%

    20%19%

    17%

    19%17%

    19%19%19%

    15%15%14%

    12%

    7%

    14%14%14%

    16%16%

    14%

    13%

    17%

    0%

    5%

    10%

    15%

    20%

    25%

    30%

    35%

    mill

    ion

    bush

    els

    U.S. Corn Exports as % of Total Use

  • AgWizard 1/12/2021 515-225-4300

    18

    43

    5760

    26

    34 35

    63 62

    45

    60

    36

    67

    104

    78

    53

    40

    47

    65

    50 49

    39

    51

    29

    20

    28

    49

    39

    32

    2623

    16

    31

    57

    68

    24

    17 16

    2420

    17

    10

    18 18

    26

    37

    84

    48

    11

    0

    20

    40

    60

    80

    100

    120

    Day

    s

    U.S. Soybean Carryout in Days Supply

  • AgWizard 1/12/2021 515-225-4300

    60

    170188

    246

    102

    161176

    358

    313

    254

    345

    176

    316

    536

    437

    301

    182

    239

    329

    278292

    209

    335

    183

    132

    200

    348

    290248

    208178

    112

    256

    449

    574

    205

    138151

    215

    169141

    92

    191192

    302

    438

    909

    525

    140

    0

    100

    200

    300

    400

    500

    600

    700

    800

    900

    1000

    mill

    ion

    bush

    els

    U.S. Soybean Carryout

  • AgWizard 1/12/2021 515-225-4300

    1271

    1548

    1216

    1548

    1289

    17671869

    2261

    17981989

    2190

    16361861

    209919431938

    1549

    192419261987

    2190

    1870

    2515

    21742380

    26892741

    26542758

    28912756

    2454

    312430683197

    2677

    2967

    3359332930943042

    3358

    3627

    3926

    429644124428

    3552

    4135

    0

    500

    1000

    1500

    2000

    2500

    3000

    3500

    4000

    4500

    5000

    mill

    ion

    bush

    els

    U.S. Soybean Production

  • AgWizard 1/12/2021 515-225-4300

    1213

    1437

    1199

    14911431

    17091854

    2079

    1843

    20482099

    18051721

    1879

    20422073

    1673

    18701839

    20412178

    1959

    239423302440

    262625962705

    28042933

    2790

    2525

    29862878

    3081 3056 3047

    33613280

    31553111

    3478

    38613944

    42144297

    39713952

    4555

    0

    500

    1000

    1500

    2000

    2500

    3000

    3500

    4000

    4500

    5000

    mill

    ion

    bush

    els

    U.S. Soybean Usage

  • AgWizard 1/12/2021 515-225-4300

    480542

    421

    555 564

    700 753

    875

    724

    929 905

    740

    598

    740 760800

    530

    620

    560

    685

    775

    593

    845 845882 875

    812

    975 99610641044

    887

    1097

    940

    11161159

    1279

    14991501

    13651317

    1638

    1842

    1942

    21662134

    17521676

    2230

    0

    500

    1000

    1500

    2000

    2500

    mill

    ion

    bush

    els

    U.S. Soybean Exports

  • AgWizard 1/12/2021 515-225-4300

    0

    500

    1000

    1500

    2000

    2500

    3000

    3500

    4000

    4500

    5000

    mill

    ion

    bush

    els

    U.S. Soybean Production & Use

    Production Usage

  • AgWizard 1/12/2021 515-225-4300

    40%38%

    35%37%

    39%41%41%

    42%

    39%

    45%43%

    41%

    35%

    39%37%39%

    32%33%

    30%

    34%36%

    30%

    35%36%36%

    33%31%

    36%36%

    36%37%

    35%37%

    33%

    36%38%

    42%

    45%46%

    43%42%

    47%48%49%

    51%50%

    44%42%

    49%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    mill

    ion

    bush

    els

    U.S. Soybean Usage - Exports as a % of Use

  • AgWizard 1/12/2021 515-225-4300

    113

    63

    94

    128

    238

    217

    166153157

    162

    229

    201202

    355

    303

    171

    10788

    130

    72 7884

    7558

    70

    115

    142145

    124114

    91 85 8897

    81

    48

    105

    176

    130121

    109

    88

    136

    183194

    202193

    180

    143

    0

    50

    100

    150

    200

    250

    300

    350

    400

    Day

    sU.S. Wheat Carryout in Days Supply

  • AgWizard 1/12/2021 515-225-4300

    247

    341

    434

    665

    11141177

    925902

    989

    1159

    151414001424

    19051821

    1261

    699

    536

    868

    475531

    568506

    376443

    722

    945949

    876

    777

    491546539572

    456

    306

    657

    976

    861

    743718

    590

    753

    976

    1181109910801028

    836

    0

    200

    400

    600

    800

    1000

    1200

    1400

    1600

    1800

    2000

    mill

    ion

    bush

    els

    U.S. Wheat Carryout

  • AgWizard 1/12/2021 515-225-4300

    1546

    1711

    1782

    212721492046

    1776

    2134

    2381

    27852765

    2420

    2595

    2424

    20912108

    1812

    2037

    2730

    1980

    24672396

    2321

    2183

    2277

    24812547

    22992232

    1947

    1606

    2345

    2158 2105

    1812

    2066

    2499

    22182207

    2000

    2252

    2135

    20272062

    2309

    1741

    18851932

    1826

    0

    500

    1000

    1500

    2000

    2500

    3000

    mill

    ion

    bush

    els

    U.S. Wheat Production

  • AgWizard 1/12/2021 515-225-4300

    19001970

    1691

    1899

    1704

    19842031

    2158

    2297

    2618

    2417

    25392579

    1960

    2196

    2684

    2397

    2225

    24352414

    24812468

    2475

    238123022298

    242723892395

    2153

    1969

    2353

    22362155

    2049

    23302275

    2018

    2418

    2231

    24002436

    20151951

    2222

    19812039

    20892138

    0

    500

    1000

    1500

    2000

    2500

    3000

    mill

    ion

    met

    ric to

    nsU.S. Wheat Usage

  • AgWizard 1/12/2021 515-225-4300

    11351173

    978

    1137

    884

    10671133

    1312

    1449

    1711

    1441

    13421368

    847

    923

    1530

    1346

    1177

    1029

    1234

    1296

    11781125

    1207

    97510141014

    10441023

    939

    823.8

    1128

    1032

    978

    878

    1233

    984

    850

    1258

    1017981

    1145

    864

    778

    1051

    906937

    965 985

    0

    200

    400

    600

    800

    1000

    1200

    1400

    1600

    1800

    mill

    ion

    bush

    els

    U.S. Wheat Exports

  • AgWizard 1/12/2021 515-225-4300

    0

    500

    1000

    1500

    2000

    2500

    3000

    mill

    ion

    bush

    els

    U.S. WheatProduction & Use

    Production Use

  • AgWizard 1/12/2021 515-225-4300

    60%60%58%

    60%

    52%54%

    56%

    61%63%

    65%

    60%

    53%53%

    43%42%

    57%56%

    53%

    42%

    51%52%

    48%45%

    51%

    42%44%

    42%44%

    43%44%

    42%

    48%46%45%

    43%

    53%

    43%42%

    52%

    46%

    41%

    47%

    43%

    40%

    47%46%46%46%46%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    70%

    mill

    ion

    bush

    els

    U.S. Wheat UsageExports as a % of Use

  • AgWizard 1/12/2021 515-225-4300

    0

    500

    1000

    1500

    2000

    2500

    3000

    mill

    ion

    bush

    els

    U.S. ExportsCorn vs. Soybeans vs. Wheat

    CORN

    SOYBEANS

    Wheat

  • AgWizard 1/12/2021 515-225-4300

    115

    99

    106102

    114

    91

    101

    89

    106104

    117115

    105

    89

    74

    59

    6964

    5560

    6763

    53 5456

    67

    79 79

    118114

    10298

    90

    0

    20

    40

    60

    80

    100

    120

    Day

    sWorld Corn Carryout in Days Supply

    2016-2018 reflect recent revisions to Chinese stocks in November WASDE report.

  • 177.7

    204.9197.7

    145.3132.9

    141.4141.1

    162.7

    129.4

    153.3

    133.3

    166.3167.2

    191.4194.4

    175.2

    151.5

    126.9

    104.7

    131.0123.5

    108.7

    127.5

    143.6141.0

    123.3128.0133.2

    174.8

    209.4212.4

    350.3340.8

    320.0

    303.0

    283.8

    0.0

    50.0

    100.0

    150.0

    200.0

    250.0

    300.0

    350.0

    400.0

    Mill

    ion

    Met

    ric T

    onne

    sWorld Corn Total Carryout

    2016-2018 reflect recent revisions to Chinese stocks in November WASDE report.

  • AgWizard 1/12/2021 515-225-4300

    418446456451476473

    494509507538532559

    573581600609622628

    650689708

    727776783

    823857871872

    946967986

    10841091114511341153

    0.0

    200.0

    400.0

    600.0

    800.0

    1000.0

    1200.0

    1400.0

    mill

    ion

    met

    ric to

    nsWorld Corn Usage

    2016-2018 reflect recent revisions to Chinese stocks in November WASDE report.

  • AgWizard 1/12/2021 515-225-4300

    90

    70 6865 68

    72

    5862

    51

    63

    47

    38

    62 61 62

    70 71

    83

    73

    8590

    101

    84

    73

    92

    102

    7680

    95 9491

    108106

    120

    98

    83

    0

    20

    40

    60

    80

    100

    120

    140

    Day

    sWorld Soybean Carryout in Days Supply

  • 23.220.0 20.0

    18.020.0 21.0

    18.020.2

    17.3

    23.5

    17.414.4

    25.227.0 27.7

    33.835.7

    43.3

    38.2

    48.2

    53.3

    63.1

    52.9

    44.0

    60.0

    70.1

    53.557.4

    78.5 77.1 78.0

    97.4 98.6

    112.8

    95.4

    0.0

    20.0

    40.0

    60.0

    80.0

    100.0

    120.0

    Mill

    ion

    Met

    ric T

    onne

    sWorld Soybeans Total Carryout

  • AgWizard 1/12/2021 515-225-4300

    91.5102.0104.098.0

    105.0104.0110.0

    116.1121.0132.3131.8134.0

    145.2158.7159.8

    172.3182.9

    189.3

    191.7205.8215.6

    227.3231.2

    220.8

    238.0251.6

    257.6261.2

    300.9299.4

    314.3

    329.4338.1343.8

    354.6

    369.8

    0.0

    50.0

    100.0

    150.0

    200.0

    250.0

    300.0

    350.0

    400.0

    mill

    ion

    met

    ric to

    ns

    World Soybean Usage

  • AgWizard 1/12/2021 515-225-4300

    99 100 97

    78 79

    90

    82

    110 111

    98

    91 90

    104 106 102

    126 127

    102

    83

    9289

    7874

    94

    114111

    104

    94

    112 111

    126130

    140 141147

    151

    0

    20

    40

    60

    80

    100

    120

    140

    160

    Day

    s

    World Wheat Carryout in Days Supply

  • 137.7147.0 146.0

    117.0119.0

    143.0

    129.0

    169.8 172.7

    150.4139.9

    145.4

    170.9174.7

    170.0

    207.8204.5

    168.8

    134.6

    153.9 151.0

    131.2125.9

    166.2

    202.5 198.9198.9

    175.6

    215.8 214.7

    245.0

    262.3

    284.1283.2

    300.1

    313.2

    0.0

    50.0

    100.0

    150.0

    200.0

    250.0

    300.0

    350.0

    Mill

    ion

    Met

    ric T

    onne

    sWorld Wheat Total Carryout

  • AgWizard 1/12/2021 515-225-4300

    496523534531535

    567559551556546549576584585591586587

    604589607622616617

    642650655

    697680

    706705712739742735747

    760

    0.0

    100.0

    200.0

    300.0

    400.0

    500.0

    600.0

    700.0

    800.0

    mill

    ion

    met

    ric to

    nsWorld Wheat Usage

  • AgWizard 1/12/2021 515-225-4300

    1005107110941080

    11161144116311761184

    1217121312701302

    132513521367139214211431

    150215451570

    162416461711

    176318251813

    1953 19712012

    2152217122232235

    2282

    0

    500

    1000

    1500

    2000

    2500

    mill

    ion

    met

    ric to

    ns

    World Corn + Wheat + Soybean Usage

    US Corn ChartUS Corn CarryoutUS Corn ProductionUS Corn UseUS Corn ExportsUS Corn Use & ProductionUS Corn Exports as % of UseUS Soy ChartUS Soy CarryoutUS Soy ProductionUS Soy UseUS Soy ExportsUS Soy Production and UseUS Soy Exports as % of Use (2)US Wheat ChartUS Wheat CarryoutUS Wheat ProductionUS Wheat Use US Wheat ExportsUS Wheat Production & UseUS Wheat Exports as % of UseUS Corn vs Soy vs Wheat ExportsWorld Corn ChartWorld Corn CarryoutWorld Corn UseWorld Bean ChartWorld Bean CarryoutWorld Bean UseWorld Wheat ChartWorld Wheat CarryoutWorld Wheat UseWorld Corn +Beans + Wheat