NC Soy Quality, Supply and Pricing.ppt

2009 Record Expected Crop Yield2.31 Metric Tones per Hectare NC Soybean Planted Area and Yield728K Hectares, Largest since 1985 2009 Record NC Soybean Production Over 1.6 Million Metric Tons Produced 2009 ASA-IM Crop Quality Report Of 1,268 containers tested in February 2010:? foreign material average was 0.8 % splits average was 6.9 % 2009 ASA-IM Crop Quality Report NC Foreign Material NC Soy Quality, Supply and Pricing Charles Hall CEO – North Carolina Soybean Producers Association, Inc. NCSPA Commitment to Quality Fund research on high protein and oil content Breeding research on composition and quality Communicate with farmers on quality and production issues Work with universities on new varieties that meet Asian demand NC Planted Area of Major CropsSoybeans primary crop 2010 estimate 728,000 hectares will be planted Hectares NC Soybean Producers Association Estimates Soybean Planting Intentions same at 2009 Soybean Production 2008Most soybean production in the east, near the ocean Protein: 35.8% Oil: 19.6% Number of Samples: 13 North Carolina Averages .5% more protein and oil according – ASA IM Crop Quality Survey 19.45% 19.02% ? 35.62% 35.06% 平均 Average 19.60% 18.60% ? 35.80% 35.30% 2009 20.00% 19.20% ? 34.80% 34.00% 2008 20.08% 19.17% ? 35.14% 34.51% 2006 19.42% 19.41% ? 35.80% 34.92% 2005 18.59% 18.66% ? 36.16% 35.65% 2003 19.15% 18.65% ? 36.21% 36.22% 2000 N. Carolina USA N. Carolina USA Crop Year ? Oil Oil Protein Protein ? ? USDA Agrees – NC Beans Better In 2007, GIPSA collected and analyzed 1,112 samples from elevators in 27 states. North Carolina soybean sample averaged 0.3% higher protein, 0.3% higher oil content, with fewer splits and slightly higher test weight. USDA Elizabeth City Testing Results Despite higher quality, prices are lower in North CarolinaAverage for U.S. for 5-year period was $300/mt in NC and $305/mt across all of U.S. $305.42 United States $300.35 North Carolina 5 year Avg $346.82 U