2010 outlook of the U.S. and world corn and soybean industries, 2009-2019
By: Richard D. Taylor and Won W. Koo
Contributors: Koo, Won W.; North Dakota State University. Center for Agricultural Policy and Trade Studies
Series: Agribusiness & applied economics -- 665
Publisher: Center for Agricultural Policy and Trade Studies, Dept. of Agribusiness and Applied Economics, North Dakota State University
Published: 2010
Place of publication: Fargo, N.D
Language: eng
Number of pages: 27
Subjects: Soybean industry; Econometric models; Statistics; Corn industry; Ethanol fuel industry
Other titles: 2010 outlook of the United States and world corn and soybean industries, 2009-2019; Outlook of the U.S. and world corn and soybean industries, 2009-2019
Description: This report evaluates the United States and world corn and soybean markets for the 2009-2019 time period using the Global Corn and Soybean Policy Simulation Model. This analysis is based on a series of assumptions about general economic conditions, agricultural policies, weather conditions, and technological change. The major influence in the corn market will be U.S. corn based ethanol production. If the production of corn based ethanol remains strong, corn prices will likely remain strong. However, if the U.S. Federal government subsidies or mandates change, the world corn market could be negatively impacted. Under the current assumptions in the model, corn price is expected to remain in a range between $3.70 and $4.10 per bushel. The level of Chinese soybean imports is the leading factor in the world soybean market. China currently imports 60% of the available soybeans, and that is expected to increase to about 65% by 2019. Major exporters will continue to be the U.S., Brazil and Argentina. However both Brazil and Argentina should increase exports while U.S. exports will remain at the current level. Soybean prices are expected to fluctuate, but remain in the $9.70 per bushel range throughout the forecast period.
Notes: Cover title.

"July 2010."

Includes bibliographical references (p. 27).

Also available via the World Wide Web.