WORLd OF

CORN2 0 1 7

Metric Version

A Letter from NCGA

America’s corn farmers demonstrated their ability to sustainably produce an

abundant crop in 2016. This record-setting crop offers infinite possibilities for

feeding and fueling a growing world. From renewable fuels to high-quality feed

to food ingredients, corn improves our lives today and offers a future limited

only by our imaginations. As the World of Corn continues to grow, we invite

you to take a moment to learn more about how amazing maize can truly be.

1.25 METRIC TONHECTAREharvested in 1912 11.0 METRIC TON

HECTAREharvested in 2016

WESLEY SPURLOCK, PRESIDENT

CHRIS NOVAK, CEO

— PAGE 4 —

World of Corn

2016 Projections

2015 Estimate

Corn

Soybeans

Wheat

Sorghum

Barley

Oats $0.19

$0.13

$1.20$0.98

$1.98$1.39

$10.08$8.78

$35.14$40.92

$49.10$51.50

U.S. Select Crop Value($ billion)

U.S. All Crop Acres Harvested 2015 – 2016(1,000 hectare)

Source: USDA WASDE Jan. 12, 2017

2015 2016Corn (grain) 32,692 35,121

Corn (silage) 2,519 2,504

Soybeans 33,090 33,496

Hay 22,039 21,644

Wheat 19,157 17,769

Cotton 3,269 3,855

Sorghum (grain) 3,179 2,495

Sorghum (silage) 124 121

Rice 1,043 1,254

Barley 1,279 1,036

Canola 694 682

Dry Edible Beans 693 631

Peanuts 632 626

Sunflower 729 621

Dry Edible Peas 439 538

Sugar Beets 464 456

2015 2016Potatoes 427 408

Oats 517 397

Sugar Cane 359 371

Lentils 193 368

Rye 148 168

Proso Millet 169 167

Flaxseed 183 149

Tobacco 133 129

Sweet Potatoes 62 66

Safflower 64 63

Mustard Seed 16 40

Peppermint 26 26

Hops 18 21

Other 102 26

Total 124,457 125,247

Source: USDA, NASS, Crop Production 2016 Summary, Jan.12, 2017

— PAGE 5 —— PAGE 5 —

U.S. Corn Production

Source: USDA, WAOB, World Agriculture Supply & Demand Estimates, Jan. 12, 2017 *Crop Year Ending Aug. 31, 2017

Planted Hectares (1,000s)

Harvested Hectares (1,000s)

Average Yield

MT/Ha

Total Production (1,000 MT)

AL 134 128 7.5 960

AR 308 302 10.7 3,236 AZ 38 20 13.5 273 CA 170 40 11.6 470 CO 543 474 8.6 4,072 CT 10 0 0 0DE 69 66 10.7 708 FL 32 16 9.1 147 GA 166 138 10.4 1,425 IA 5,628 5,466 12.7 69,613 ID 138 40 11.8 478 IL 4,696 4,636 12.4 57,297 IN 2,267 2,215 10.9 24,038 KS 2,065 1,992 8.9 17,746 KY 607 567 10.0 5,654 LA 251 223 10.4 2,305 MA 6 0 0 0MD 186 162 9.5 1,544 ME 13 0 0 0MI 972 826 9.9 8,136 MN 3,421 3,239 12.1 39,220 MO 1,478 1,417 10.2 14,492 MS 304 291 10.4 3,036 MT 47 22 6.3 140

Planted Hectares (1,000s)

Harvested Hectares (1,000s)

Average Yield

MT/Ha

Total Production (1,000 MT)

NC 405 381 8.1 3,080 ND 1,397 1,324 9.9 13,124 NE 3,988 3,866 11.2 43,180 NH 6 0 0 0

NJ 32 28 9.1 262

NM 49 17 9.4 156 NV 4 0 0 0NY 445 231 8.1 1,868 OH 1,437 1,336 10.0 13,328 OK 162 142 7.6 1,076 OR 32 16 14.4 228 PA 567 385 8.1 3,113 RI 1 0 0 0SC 152 142 8.0 1,129 SD 2,267 2,077 10.1 20,980 TN 356 336 9.5 3,184 TX 1,174 1,032 8.0 8,226 UT 32 12 11.0 129 VA 198 138 9.3 1,278 VT 36 0 0 0WA 69 34 14.7 507 WI 1,640 1,304 11.2 14,559 WV 20 14 9.1 129 WY 40 28 9.2 258

U.S. 38,058 35,121 11.0 384,782

Source: USDA, NASS, Crop Production 2016 Summary, Jan. 12, 2017

2016 U.S. Corn Production by State

‘16*‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06‘96‘86‘76‘66‘56‘46‘36

2 7

36

21 23

124

22

33

41 42 43

29 25 21

31

44 44

60

U.S. Corn Ending Stocks 1936 – 2016(million metric tons)

‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06‘96‘86‘76‘66‘56‘46‘36

27,4

63

31,74

5

26,2

66

23,0

78

28,9

50

27,8

98

29,4

11

28,5

98 35,0

28

31,8

10

32,18

2

32,9

74

34,0

04

35,3

70

35,4

05

33,6

58

32,6

92

35,12

1

— PAGE 6 —

U.S. Corn Production

‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06‘96‘86‘76‘66‘56‘46‘36

1.2

2.3 3.

0

4.6 5.

5

7.5 8.

0

9.4 9.5 9.7 10

.3

9.6

9.2

7.7

9.9 10

.7

10.6 11.0

U.S. Average Corn Yield 1936 – 2016 (metric ton/hectare)

Source: USDA, NASS, Crop Production 2016 Summary, Jan. 12, 2017

Source: USDA, NASS, Crop Production 2016 Summary, Jan. 12, 2017

U.S. Corn Acres Harvested 1936 – 2016 (1,000 hectare)

Source: USDA, NASS, Crop Production 2016 Summary, Jan. 12, 2017

U.S. Corn Acres Planted 1936 – 2016 (1,000 hectare)

‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06‘96‘86‘76‘66‘56‘46‘36

41,2

79

35,9

91

31,5

09

26,8

61 34,2

46

31,0

04

32,0

77

31,7

11 37,8

65

34,8

11

34,9

72

35,7

05

37,2

21

39,3

34

38,6

09

36,6

79

35,6

27

38,0

58

— PAGE 7 —

U.S. Corn Production

‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06‘96‘86‘76‘66‘56‘46‘36

31,9

72 74,0

73

78,11

8

105,

863 159,

754 208,

946

234,

520

267,5

06 331,1

81

307,1

45

332,

552

316,

168

313,

952

273,

195 35

3,05

4

361,0

95

345,

490

384,7

82U.S. Corn Production 1936-2016 (1,000 metric tons)

Source: USDA, NASS, Crop Production 2016 Summary, Jan. 12, 2017

‘16**‘15*‘14‘13‘12‘11‘10‘09‘08‘07‘06‘96‘86‘76‘66‘56‘46‘36

$40

.55

$60

.23

$50

.78

$48

.82 $84

.64

$59

.05 $

106.

69

$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

5.66

$14

2.12

$13

3.85

U.S. Corn Prices 1936-2016 ($/metric ton)

Source: USDA, WAOB, World Agriculture Supply & Demand *estimated **projected for crop year Sept. 2016 – Aug. 2017

‘16**‘15*‘14‘13‘12‘11‘10‘09‘08‘07‘06‘96‘86‘76‘66‘56‘46‘36

$1.3

0

$4.4

6

$3.9

7

$5.17 $1

3.52

$12.

34 $25.

02 $32.

09

$54.7

6

$49.

09

$46.

48

$64.

48 $76.

88

$74.

10

$61.6

8

$52.

60

$49.

10

$51.5

0

Data Source: USDA WASDE Jan. 12, 2017 *estimate **projections

U.S. Corn Crop Value 1936-2016 ($ billion)

— PAGE 8 —

Global Corn Production

World Corn Production 2016 – 2017*(million metric tons)

World Corn Consumption 2016 – 2017*(million metric tons)

Source: USDA, FAS Grain: World Markets and Trade, Jan. 12, 2017

*Marketing Year Oct. 1, 2016 – Sept. 30, 2017

Source: USDA, FAS Grain: World Markets and Trade, Jan. 12, 2017

*Marketing Year Oct. 1, 2016 – Sept. 30, 2017

U.S.384.8

EU-2760.7

China219.6

Other145.2

Brazil86.5

India24.5

Russia15.5

Mexico24.5

Argentina36.5

Ukraine27

Canada13.2

World Total1,037.9

U.S.314

EU-2773.6

Other237.2

China227

Brazil58.5

India23.4

Indonesia12.3

Mexico37.5

Japan15.1

Egypt15.1

Canada13.3

World Total1,027

U.S. 56.5(39.8%)

Argentina 25.5(18%)

Brazil 22(15.5%)

Ukraine 18(12.7%)

Russia 5.3 (3.7%)

South Africa 1.3 (0.9%)EU-27 2.0 (1.4%)

Paraguay 2.3 (1.6%)Serbia 2.5 (1.8%)

Mexico 0.8 (0.6%)Burma 1.1 (0.8%)

Other 4.8 (3.3%)EXPORTING NATIONS

IMPORTING NATIONS

TOTAL EXPORTS/IMPORTS

142

Other 51.6(36.3%)

Iran 7 (4.9%)Colombia 4.8 (3.4%) Taiwan 4.6 (3.2%)

Algeria 4.5 (3.2%)U.S. 1.4 (1.0%)

Japan 15(10.6%)

Mexico 13.8(9.7%)

EU-2713.1

(9.2%)

SouthKorea 9.8

(6.9%)

Egypt9

(6.3%)

Vietnam 7.5 (5.3%)

World Corn Exports/Imports 2016 – 2017*(1,000 metric tons)

Source: USDA, FAS Grain: World Markets and Trade, Jan. 12, 2017 *Marketing Year Oct. 1, 2016 – Sept. 30, 2017

— PAGE 9 —

Global Corn Production

U.S. Corn Exports 1996 – 2016(million metric tons)

57

46

38

50 49 49 48

40

48 46

54 54

62

47 50 47

39

19

49

44 44

‘16**‘15*‘14‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘03‘02“‘01‘00‘99‘98‘97‘96

Source: USDA, WAOB, World Agriculture Supply & Demand Estimate, Jan. 12, 2017 *estimate **projections

U.S. Corn Exports/Leading Markets 2013 – 2016(million metric tons)

2013 – 14 2014 – 15 2015 – 16Mexico 10.5 11.3 13.3 Japan 11.9 12.0 10.4 Colombia 3.6 4.4 4.5 S Korea 5 3.9 3 Peru 1.2 2.6 2.4 Taiwan 1.8 1.8 2

2013 – 14 2014 – 15 2015 – 16Saudi Arabia 1 1.2 1.4 Venezuela 1.1 0.7 1.2 Canada 0.5 1.5 1 Guatemala 0.8 0.9 0.9 Other 11.4 7.1 8.1

Total 48.8 47.4 48.2

Source: USDA, ERS Feed Outlook, Jan. 17, 2017

— PAGE 10 —

Corn Consumption Overview

Corn Processed by Segment 1996 – 2016(million metric tons)

Source: USDA, ERS Feed Outlook *projection

Carry-Out

0

25

50

75

100

125

150

175

‘16*‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘03‘02‘01‘00‘99‘98‘97‘96

Feed &Residual

FSI

Exports

‘16*‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06‘01‘96‘91‘86

31 39 44

52

90

113 12

8

151 16

3

163

153 16

5

167 169 172

Food/Seed/Industrial Usage 1986 – 2016(million metric tons)

Source: USDA, ERS Feed Outlook Jan. 17, 2017 *Crop Year Ending Aug. 31, 2017

— PAGE 11 —

Corn Consumption Overview

Source: USDA, ERS Feed Outlook, Jan. 17, 2017; ProExporter Network; Crop Year Ending Aug. 31, 2017

Feed & Residual142 MMT (38.4%) • • • • • • • • • • • • •

• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •• • • • • • • • • • • • • • • • • • • • • • • • • • • •

Exports57 MMT (15.3%)

Sweeteners8 MMT (2.2%)

High-Fructose Corn Syrup12 MMT (3.3%)

Starch 6 MMT (1.7%)

Beverage/Alcohol4 MMT (1.0%)

Seed1 MMT (0.2%)

FSI172 MMT

Cereal/Other5 MMT (1.4%)

Fuel Ethanol107 MMT (28.9%)

DDGs28 MMT(7.6%)

TOTAL USAGE 370 MMT• = 1 MMT

Corn Usage by Segment 2016(million metric tons)

— PAGE 12 —

Corn Consumption Food & Feed

‘16*‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06‘01‘96‘91‘86

9 10

13 14 14 13 12 13 13 13 12 12 12 12 12

High-Fructose Corn Syrup Usage 1986 – 2016 (million metric tons)

Source: USDA, ERS Feed Outlook Jan. 17, 2017 *Crop Year Ending Aug. 31, 2017

‘16*‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06‘01‘96‘91‘86

5

6 6 6

7 7

6 6

7

6 6 6

5

6 6

Starch Usage 1986 – 2016 (million metric tons)

Source: USDA, ERS Feed Outlook Jan. 17, 2017 *Crop Year Ending Aug. 31, 2017

‘16*‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06‘01‘96‘91‘86

2

4

3 3 3 3 3 3 3 3

4 4 4 4 4

Beverages and Manufacturing Alcohol 1986 – 2016 (million metric tons)

Source: USDA, ERS Feed Outlook Jan. 17, 2017 *Crop Year Ending Aug. 31, 2017

— PAGE 13 —

Corn Consumption Food & Feed

‘16*‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06‘01‘96‘91‘86

4

5

6 6

7 7

6

7 7 7 7

8 8 8 8

Sweetener Usage 1986 – 2016 (million metric tons)

Source: USDA, ERS Feed Outlook Jan. 17, 2017 *Crop Year Ending Aug. 31, 2017

‘16*‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06

14

23 23

28 31 30

26 26 26 28 28

Source: ProExporter Network,Crop Year Ending Aug. 31, 2017 *projections

Corn Displaced by DDG/CGF in Domestic Livestock Rations 2006-2016 (million metric tons)

‘16*‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06‘01‘96‘91‘86

3

4

5 5 5 5 5 5 5 5 5 5 5 5

3

Cereal and Food 1986 – 2016 (million metric tons)

Source: USDA, ERS Feed Outlook Jan. 17, 2017 *Crop Year Ending Aug. 31, 2017

— PAGE 14 —

Corn Consumption Food & Feed

U.S. Corn Fed by Region 2006 – 2016(million metric tons)

Source: ProExporter Network, Crop Year Ending Aug. 31, 2017 *projections

0

30

60

90

120

150

Non-Cornbelt

Cornbelt

‘16*‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06

Corn Fed by Species 2003 – 2016(million metric tons)

Source: ProExporter Network, Crop Year Ending Aug. 31, 2017 *projections

0

10

20

30

40

50

‘16*‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘03

Poultry

Dairy

Other

BeefPork

U.S. Meat Exports by Animal Group 1996 – 2016 (1,000 metric tons)

Source: PRX; USDA, WAOB World Agriculture Supply *Calendar year estimates and Demand Estimates, Jan. 12, 2017

0

500

1000

1500

2000

2500

3000

3500

4000

‘16*‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘03‘02‘01‘00‘99‘98‘97‘96

Poultry

Beef

Pork

poultry pork dairybeef

— PAGE 15 —

Corn Consumption Ethanol

Insect Resistant 1,142Non-Biotech 3,045Herbicide Tolerant 4,948Stacked Traits 28,924

3%Insect

Resistant8%Non-Biotech

13%HerbicideTolerant

76%Stacked Traits

Total 38,058

Biotech Share of U.S. Corn Acres Planted 2016(1,000 hectare)

Data Source: USDA, NASS, Crop Production Annual Jan. 12, 2017

Percentage of Biotech Acreage 2014 – 2016

Source: USDA, NASS, Acreage June 30, 2016

Insect Resistant Herbicide Tolerant Stacked Traits All Biotech HybridsYear ‘14 ‘15 ‘16 ‘14 ‘15 ‘16 ‘14 ‘15 ‘16 ‘14 ‘15 ‘16

IL 3 1 2 5 4 4 83 88 87 91 93 93

IN 2 4 2 8 8 9 78 76 75 88 88 86

IA 1 5 3 8 8 9 83 80 80 95 93 92

KS 5 4 4 18 12 12 72 79 79 95 95 95

MI 2 2 3 15 16 18 76 74 70 93 92 91

MN 2 2 3 10 13 10 81 78 80 93 93 93

MO 4 5 4 10 9 8 79 75 81 93 89 93

NE 4 4 3 15 10 15 77 82 77 96 96 95

ND 6 6 4 22 21 25 68 70 66 96 97 95

OH 3 3 2 14 14 18 69 68 66 86 85 86

SD 3 1 4 14 13 16 80 83 78 97 97 98

TX 12 10 8 17 12 11 62 67 71 91 89 90

WI 3 3 3 17 19 17 72 70 70 92 92 90

Other 6 4 5 19 18 18 66 68 68 91 90 90

Total 4 4 3 13 12 13 76 77 76 93 92 92

‘16*‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06‘01‘96‘91‘86

7 10 11 1854

7794

117 12

712

7

118 13

0 132

132 135

Corn Used for Ethanol and DDG Production 1986 – 2016(million metric tons)

Source: USDA, ERS Feed Outlook Jan. 17, 2017

*Crop Year Ending Aug. 31, 2017

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www.worldofcorn.com

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(202) 628-7001

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(636) 733-9004

State Organizations& Grower Members

Grower Members

State Organizations& Grower Members

Grower Members

Founded in 1957, the National Corn Growers Association represents more than 40,000 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 49 affiliated state organizations work together to sustainably feed and fuel a growing world by creating and increasing opportunities for corn growers.

For more information, visit www.ncga.com.