Key Factors “Driving” Grain Market Supply-Demand and Prices since 1998

Following is a presentation given on Thursday, February 4, 2016 at the 2016 Texas AgriLife Master Marketer Program in Abilene, Texas (

This presentation on “Grain Market Supply-Demand Drivers” was part of a larger morning session on “Grain Supply-Demand Fundamentals“, which included information and discussion on wheat, corn and grain sorghum market situation and outlook.

The ideas for this presentation were sparked initially from a report for the Farm Foundation in July 2011 titled “What’s Driving Food Prices in 2011“, but Purdue University Agricultural Economists Philip C. Abbott, Christopher Hurt, and Wallace E. Tyner.  (

The factors that Abbott, Hurt and Tyner identified in that 2011 report that were instrumental in U.S. and World grain market direction during the 1998-2011 period have continued to have predominant influences on grain markets in the succeeding years – being largely responsible (along with outstanding crops in the World and U.S. over the last three years!) for the current “large supply – low price” grain price situation that currently exists. Thanks to Abbott, Hurt, and Tyner for their thoughtful work!

Following are excerpts from the February 4th presentation in Abilene, Texas.  A full version of this presentation will be available on the Kansas State University website in coming days.

Slide1 Slide4 Slide5 Slide6 Slide7 Slide8 Slide9 Slide10 Slide11 Slide12 Slide13 Slide14 Slide15 Slide16 Slide17 Slide18 Slide19 Slide20 Slide21 Slide22 Slide23 Slide24 Slide25 Slide26 Slide27 Slide28 Slide29 Slide31 Slide32 Slide33 Slide34 Slide35 Slide37 Slide38 Slide39 Slide40 Slide41 Slide42 Slide43 Slide44 Slide1





Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s