USDA Agricultural Outlook Forum The 95th Outlook Forum is regularly organized by the US Department of Agriculture (USDA) in late May in Arlington USA. This year's motto is Growing locally selling globally . This is intended to emphasize the extraordinary export contribution made by US agriculture, which ranks first in world agricultural trade. This claim is followed by the individual contributions in the two-day forum. The range of topics ranging from agricultural policy in their own country and in other major agricultural states on estimates of world agricultural trade, prospects for world food, agricultural market analyzes and forecasts to innovation insect production and environmental protection issues. The understanding of consumer behavior is as much an issue as the school breakfast for children. Forestry and organic agriculture have their own place.From an agricultural point of view, market analysis and forecasts are important for major agricultural products such as cereals, oilseeds, meat and milk . The cereals market is particularly interested in the year 2019/20. Typically, the focus is on the development of the major US products wheat, corn, rice and soybean as well as cotton. US wheat production will be as low as 1109 years ago in 2019/20. The decline has been due for years to the competition of powerful competitive crops such as corn and soybeans. The coming crop in 2019 is estimated to be 51.5 million tonnes, slightly higher than in the past year. Consumption should only be minimal. At the end of the fiscal year 2019/20, the US wheat reserves will again be 7% lower. Wheat exports are seeing more intense competition in EU exports and Australia exports, as normal harvests are expected in both cases.Producer prices for US wheat are estimated to be slightly higher than the annual average of just under € 17 / dt. The US corn acreage will expand in 2019/20 at the expense of soybean. This is supported by the soybean corn price ratio of 2.4 to 1, in which the profitability of corn generally outweighs it. The harvest is expected to increase by +3%, but consumption of food, feed and bioethanol production will only increase by 1%. In export business , higher export volumes are predicted due to rising export demand. The annual average corn price at the producer level is expected to increase by 5% to € 12.70 / dt . Due to the sharp decline in export sales to China , US soybeans are stagnating at record levels. The 2019/20 US acreage will be significantly reduced and the 2019 harvest will fall by 8% to 114 million tonnes (previous year 124 million tonnes). The USDA estimates the sales at 115 milliont, of which 55 million tonnes are exported . Producer prices for soybeans are estimated at an annual average of € 29 / dt .
