Transcript
![Page 1: USDA MaizeOutlook India Maize Summit March 20, 2014 Allan Mustard and Dr. Santosh K. Singh U.S. Department of Agriculture, American Embassy, New Delhi](https://reader035.vdocuments.net/reader035/viewer/2022062302/5a4d1afe7f8b9ab059985b66/html5/thumbnails/1.jpg)
USDA MaizeOutlook India Maize Summit
March 20, 2014
Allan Mustard and Dr. Santosh K. SinghU.S. Department of Agriculture, American Embassy, New Delhi
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First, the usual caveats….
Source: www.dilbert.com
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Steady expansion in U.S. corn supplies
Source: USDA Economic Research Service
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U.S. gasoline consumption has declined
Source: USDA Economic Research Service
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Source: USDA Economic Research Service
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Source: USDA Foreign Agricultural Service
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Export competition in maize strengthens
Source: USDA Foreign Agricultural Service
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Chicago Corn, May 2014prices in cents per bushel
Source: Chicago Mercantile Exchange
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Key points:
Area to remain high Corn yields to improve Export competition high Prices weakening