U.S. Crops
Planted area for major field crops in the United States is projected to decline over the next veral years as U.S. and global supplies rebound from relatively low levels in recent years and prices decline for most crops. As a conquence of the associated lower producer returns, U.S. planted acreage for eight major crops (corn, sorghum, barley, oats, wheat, rice, upland cotton, and soybeans) is projected to fall from a 2012-14 average of about 257 million acres to about
246 million in 2017.
Over the longer run, steady global economic growth provides a foundation for strong crop demand. Combined with some further expansion of global biofuel production and continued weakness of the dollar, overall projections indicate longer run gains in world consumption and trade of crops. Although crop prices are projected to be below highs of recent years, they remain above pre-2007 levels. Eight-crop plantings in the United States remain steady near 246 million acres during
the cond half of the projections, with increasing yields providing most of the gains in
英语一作文模板U.S. production.
Farm programs of the Agricultural Act of 2014 are assumed to be extended through the projection period. Acreage enrolled in the Conrvation Rerve Program (CRP) is assumed at levels slightly below the legislated maximum of 24 million acres.
Record U.S. corn yields and production in 2014 continued the rebound in corn supplies from the weather-reduced 2012 level, resulting in higher stocks and lower prices. Moderate growth in demand is projected over the next decade.
∙Ethanol production in the United States is bad almost entirely on corn as the feedstock.
Almost no growth is projected for corn-bad ethanol production over the next 10 years. This
projection reflects declining overall gasoline consumption in the United States (which is mostly
a 10-percent ethanol blend (E10)), infrastructural and other constraints on growth in the E15
(15-percent ethanol blend) market, and the small size of the E85 (85-percent ethanol blend)
market. Nonetheless, a strong prence for ethanol in the ctor continues, with about 35 percent of total corn u expected to go to ethanol production during the projection period.
∙Rising corn production, lower corn prices than in recent years, and increasing meat production underlie projected gains in feed and residual corn u over the next decade. Also supporting
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gains in feed u of corn is almost no growth in the production of distillers grains, a co-product of dry mill ethanol production ud for feeding livestock, as corn-bad ethanol production
flattens.
∙Food and industrial u of corn (other than ethanol production) is projected to ri at a moderate pace over the next decade, averaging less than population growth. U of corn for high fructo corn syrup (HFCS) grows slowly, reflecting small increas in domestic u and rising HFCS
exports to Mexico. Increas in corn ud for gluco and dextro also are small, limited by
consumer dietary concerns. Other food us of corn (including the food portion of starch u)
are also projected to ri more slowly than population increas. The nonfood portion of starch u of corn, such as in the production of drywall and paper products, responds to economic
growth and industrial demand and is projected to push total starch u up more rapidly than
population as the economy grows.
∙U.S. corn exports increa during the projection period, in respon to strong global demand for feed grains to support growth in meat production. The United States is the world’s largest corn exporter, with its market share of global trade growing to almost 45 percent by the end of the
projection period. However, trade competition from Argentina, Brazil, and the FSU as well as continued u of corn for ethanol production in the United States combine to hold the U.S. trade share well below its 1970-2000 average of 71 percent.
U.S. wheat plantings are projected to decline over the next decade, continuing a long-term general downward trend since the early 1980s. Relatively weak overall demand growth for U.S. wheat is projected.
∙Domestic demand for wheat reflects a relatively mature market. Food u of wheat is projected to show moderate gains, generally in line with U.S. population increas.
∙Feed u of wheat, a lower value market for the crop, remains fairly steady through the projection period as prices relative to corn allow a moderate level of wheat in livestock
feed rations.
∙U.S. imports of wheat are projected to ri through the projection period due to increas from Canada. The end of the Canadian Wheat Board’s monopoly for wheat and barley as well as transportation and other market factors are expected to result in more wheat shipped to the United States.
∙U.S. wheat exports grow slowly over the next decade. U.S. wheat trade faces competition from countries of the FSU (particularly Russia), with FSU wheat exports rising from 24
percent to 27 percent of global trade over the next decade. EU wheat exports also grow
from a global market share of 18 percent in 2015/16 to 20 percent by 2024/25. For the
same time period, the U.S. market share declines from 18 percent to 16 percent.
U.S. soybean plantings decline from about 84 million acres in 2014 and 2015 to 78-79 million acres over the rest of the projection period as lower prices and producer returns reduce planting incentives from tho in recent years. In the longer term, growth in both domestic u and export demand lead to increas in prices, allowing soybeans to compete with corn and other crops for land u.
可爱用英语怎么说∙With reduced feed prices, projected increas in meat production and slowing production of distillers grains and canola meal lead to projected gains in domestic demand for soybean meal
and thus soybean crush in the coming decade.
∙Strong global demand for soybeans, particularly in China, boosts soybean trade over the projection period—China accounts for almost all of the increa in world soybean imports.
Even though U.S. soybean exports are projected to ri, competition from South America leads to a reduction in the U.S. share of global soybean trade from 42 percent in 2015/16 to about
33 percent in 2024/25. Beyond 2015/16, Brazil is the largest exporter of soybeans.
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∙U.S. exports of soybean oil and soybean meal also face strong competition from South America. Argentina, in particular, is a competitive exporter of soybean products becau its
graduated export taxes favor exports of soybean products over soybeans. Increasing biodiel
production in Argentina, however, limits the country’s soybean oil export growth somewhat,
allowing the U.S. global export share to increa moderately. However, Argentina is projected to be the leading soybean meal exporter and account for clo to half of global soybean meal
exports over the next decade. Brazil remains the cond largest soybean meal exporter.
洞庭湖的老麻雀
∙Soybean oil ud to produce methyl esters (biodiel) in the United States is projected to ri from 4.8 billion pounds in 2014/15 to 5.4 billion pounds in 2024/25, supporting the production of more than 700 million gallons of biodiel annually in the cond half of the decade. This
u reflects the mandate of 1.28 billion gallons of biomass-bad diel u starting in 2013 and assumed to continue through the projections. Some additional demand for biodiel and
鼓励的图片renewable diel is also assumed, which meets a portion of the Renewable Fuel Standard’s
advanced biofuel mandate. Soybean oil is assumed to account for about half of total biodiel
production made from methyl esters. Other feedstocks ud to produce biodiel include corn
绵绵不断oil extracted from distillers grains, other first-u vegetable oils, animal fats, and recycled
vegetable oils.
world supplies and lowered U.S. prices for corn, wheat, and soybeans. Following the near-term price declines, the continuing influence of veral long-term factors—including global growth in population and per capita income, a relatively low-valued U.S. dollar, and global biofuel production—underlies moderate gains in the prices and keeps them above pre-2007 levels.
∙Corn prices are projected to decline in 2015/16, but then begin increasing moderately in 2016/17 as ending stocks-to-u ratios fall due to growth in feed u, exports, and, in the
longer run, demand for corn by ethanol producers.
∙Prices for soybean also initially fall in 2015/16 as continued high soybean acreage leads to an increa in stocks. Soybean prices ri moderately through the rest of the projection
period, reflecting lower soybean plantings and strengthening demand for soybeans and
给自己点个赞soybean products.
∙Wheat prices decline through 2016/17, reflecting higher wheat stocks and lower corn prices than in recent years. Wheat prices increa moderately through the remainder of the
projection period with small increas in exports and food u, generally steady feed u,
and lower stocks. Rising imports and increasing global competition limit price increas
for wheat.
