IDEAS home Printed from https://ideas.repec.org/p/ags/usaotw/151977.html
   My bibliography  Save this paper

Grains and oilseeds outlook for 2002

Author

Listed:
  • Unknown

Abstract

Introduction : Bob Riemenschneider will only present the International Grains and Oilseeds Outlooks for 2002/03 at the Grains and Oilseeds session. This paper provides the domestic supply, use, and price projections for 2002/03 for wheat, corn, and soybeans and products. The first official USDA supply and use projections will not be published until May 10, when the National Agricultural Statistics Service publishes the first forecast of winter wheat production. While material in Bob’s speech provides much of the background for the trade projections in this paper, the other “projections” are based on the Winter Wheat Seeding report and analyses by members of the Interagency Estimates Committees for Wheat, Feed Grains, and Oilseeds. There are numerous differences between the projections in this paper and those for 2002/03 in the Baseline, partially because the Baseline was done last October. However, one major difference is the analyses in this paper are based on an assumption that loan rates for 2002/03 are the same as for 2001/02. This change is based on a belief that most farmers and commodity analysts expect unchanged loan rates for 2002/03, and the change will allow readers to more readily compare USDA projections with those from other sources. Corn prices in 2002/03 are projected up around a dime from this year as expanding industrial use and exports more than offset the larger production. Larger wheat and soybeans crops are also expected, with expanding use almost offsetting the larger soybean production. Wheat, however, will face even greater competition in the export market than this year and prices are projected down a nickel form the midpoint of the forecast price range for 2001/02.

Suggested Citation

  • Unknown, 2002. "Grains and oilseeds outlook for 2002," Agricultural Outlook Forum 2002 151977, United States Department of Agriculture, Agricultural Outlook Forum.
  • Handle: RePEc:ags:usaotw:151977
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/151977/files/wcs2002r.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:usaotw:151977. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/odagvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.