000205345 001__ 205345
000205345 005__ 20180123000923.0
000205345 037__ $$a1187-2016-93773
000205345 041__ $$aen_US
000205345 245__ $$a2015 Outlook of the U.S. and World Corn and Soybean Industries, 2014-2024
000205345 260__ $$c2015-05
000205345 269__ $$a2015-05
000205345 270__ $$mrichard.taylor@ndsu.edu$$pTaylor,   Richard D.
000205345 270__ $$mwon.koo@ndsu.edu$$pKoo,   Won W.
000205345 300__ $$a35
000205345 336__ $$aReport
000205345 490__ $$aAgribusiness & Applied Economics Report
000205345 490__ $$a741
000205345 520__ $$aThis report evaluates the United States and world corn and soybean markets for the 2014-2024 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.
Corn-based ethanol production has influenced the United States corn industry. However, since
2010 U.S. ethanol production has remained near the 14 billion gallon level. Changes in Federal fuel
mandates could significantly impact the world corn market. Under the current assumptions in the
model, corn price is expected to slowly increase to $4.20 per bushel.
Chinese soybean imports are the leading factor influencing the world soybean market. China
currently imports 65% of the soybeans traded in the world market, and that is expected to increase by
another 37% by 2024. Major exporters will continue to be the U.S., Brazil and Argentina. However,
Brazil and Argentina are expected to increase exports while U.S. exports will remain at the current
level. Soybean prices are expected to slowly increase to $9.79/bushel over the time period.
000205345 542__ $$fLicense granted by Edie Nelson (edie.nelson@ndsu.edu) on 2015-05-26T19:01:49Z (GMT):

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000205345 650__ $$aCrop Production/Industries
000205345 650__ $$aInternational Relations/Trade
000205345 650__ $$aMarketing
000205345 650__ $$aProduction Economics
000205345 6531_ $$acorn
000205345 6531_ $$asoybeans
000205345 6531_ $$aproduction
000205345 6531_ $$aexports
000205345 6531_ $$aconsumption
000205345 6531_ $$aethanol
000205345 6531_ $$aending stocks
000205345 700__ $$aTaylor, Richard D.
000205345 700__ $$aKoo, Won W.
000205345 8564_ $$s250660$$uhttp://ageconsearch.umn.edu/record/205345/files/AAE741.pdf
000205345 887__ $$ahttp://purl.umn.edu/205345
000205345 909CO $$ooai:ageconsearch.umn.edu:205345$$pGLOBAL_SET
000205345 912__ $$nSubmitted by Edie Nelson (edie.nelson@ndsu.edu) on 2015-05-26T19:04:52Z
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  Previous issue date: 2015-05
000205345 982__ $$gNorth Dakota State University>Department of Agribusiness and Applied Economics>Agribusiness & Applied Economics Report
000205345 980__ $$a1187