CORN2018

World of

CHRIS NOVAKCEO

KEVIN SKUNESPRESIDENT

A Letter from NCGAIn 2018, America’s corn farmers broke yield records yet again to

produce another abundant crop. This incredible, but consistent,

level of production positively impacts all consumers. From a

shopper pushing a cart full of wholesome, quality foods, to a

driver filling up a car with sustainable ethanol blends, to an

international customer, the amazing innovations in U.S. agriculture

benefit the entire world. New uses and new markets for corn are

creating jobs, improving sustainability and fueling our country’s

success. As you peruse these pages, take a moment to ponder

how our World of Corn touches your own life in so many ways.

1.25METRIC

TONHECTARE

harvested in 1912

11.9METRIC

TONHECTARE

harvested in 2017

54 PRODUCTIONCORN U.S. CornWorld of

2017 Projections

2016 Estimate

CORN

SOYBEANS

WHEAT

SORGHUM

BARLEY

OATS$0.13

$0.12

$0.99$0.64

$1.34$1.15

$8.98$8.01

$40.68$40.85

$51.50$47.46

U.S. Select Crop Value($ billion)

U.S. All Crop Acres Harvested 2016 – 2017(1,000 hectare)

Source: USDA WASDE Jan. 12, 2018 Source: USDA, WAOB, World Agriculture Supply & Demand Estimates, Jan. 12, 2018 *Crop Year Ending Aug. 31, 2018

2016 2017

Corn (grain) 35,105 33,468

Corn (silage) 2,503 2,604

Soybeans 33,482 36,228

Hay 21,635 21,765

Wheat 17,761 15,210

Cotton 3,853 4,593

Sorghum (grain) 2,494 2,042

Sorghum (silage) 121 115

Rice 1,253 961

Barley 1,035 791

Canola 682 810

Dry Edible Beans 631 425

Peanuts 626 719

Sunflower 621 544

Dry Edible Peas 538 425

2016 2017

Sugar Beets 456 451

Potatoes 408 415

Oats 397 324

Sugar Cane 371 361

Lentils 367 414

Rye 168 116

Proso Millet 167 163

Flaxseed 149 110

Tobacco 129 130

Sweet Potatoes 66 64

Safflower 62 58

Mustard Seed 40 39

Peppermint 26 24

Hops 21 22

Other 25 40

Total 125,192 123,796

Source: USDA, NASS, Crop Production 2017 Summary, Jan.12, 2018

Planted Hectares (1,000s)

Harvested Hectares (1,000s)

Average Yield

MT/Ha

Total Production (1,000 MT)

AL 101 95 10.5 997

AR 251 241 11.5 2,766AZ 26 13 12.3 159CA 174 32 10.5 339CO 591 526 9.0 4,722CT 10 NA NA NADE 73 69 11.9 821FL 30 15 10.1 151GA 117 99 11.1 1,095IA 5,382 5,220 12.7 66,191ID 138 47 12.8 593IL 4,532 4,431 12.6 55,907IN 2,165 2,100 11.3 23,730KS 2,226 2,104 8.3 17,435KY 534 494 11.2 5,516LA 202 198 11.6 2,290MA 6 NA NA NAMD 194 170 10.8 1,835ME 13 NA NA NAMI 911 765 10.0 7,633MN 3,258 3,088 12.2 37,600MO 1,376 1,315 10.7 14,034MS 210 202 11.9 2,400MT 47 26 4.4 116

Planted Hectares (1,000s)

Harvested Hectares (1,000s)

Average Yield

MT/Ha

Total Production (1,000 MT)

NC 360 340 8.9 3,030ND 1,384 1,307 8.7 11,404NE 3,865 3,764 11.4 42,758NH 6 NA NA NA

NJ 31 28 10.5 297

NM 51 17 8.4 146NV 5 NA NA NANY 405 196 10.1 1,983OH 1,376 1,267 11.1 14,073OK 142 123 7.9 976OR 34 18 13.3 237PA 546 372 10.1 3,762RI 1 NA NA NASC 142 132 8.6 1,123SD 2,307 2,056 9.1 18,711TN 304 287 10.8 3,084TX 991 906 8.8 7,966UT 32 8 11.1 89VA 202 138 8.8 1,209VT 33 NA NA NAWA 69 32 14.2 457WI 1,578 1,186 10.9 12,950WV 20 13 9.6 127WY 38 25 9.7 248

U.S. 36,489 33,469 11.1 370,963

Source: USDA, NASS, Crop Production 2017 Summary, Jan. 12, 2018

2017 U.S. Corn Production by State

0

30

60

90

120

150

‘17‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07‘97‘87‘77‘67‘57‘47‘37

9 3

39

23 24

134

24

45 46 47

31 27 23

34

48 48

63 68

U.S. Corn Ending Stocks 1937 – 2017(million metric tons)

76 PRODUCTIONPRODUCTION U.S. CornU.S. Corn

0

50000

100000

150000

200000

250000

300000

350000

400000

450000

500000

‘17‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07‘97‘87‘77‘67‘57‘47‘37

59,6

79

53,5

54

77,3

56 123,

460

165,

237

181,1

45 233,

866 33

1,180

307,

144

332,

551

316,

167

313,

951

273,

194 35

3,05

2

361,0

94

345,

489

384,

780

370,

963

U.S. Corn Production 1937-2017 (1,000 metric tons)

Source: USDA, NASS, Crop Production 2017 Summary, Jan. 12, 2018

0

2

4

6

8

10

12

‘17‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07‘97‘87‘77‘67‘57‘47‘37

1.8 1.8

3.0

5.0 5.

7

7.5 8.

0

9.5 9.7 10

.4

9.6

9.3

7.7

9.9 10

.8

10.6 11.0

11.1U.S. Average Corn Yield 1937 – 2017

(metric ton/hectare)

Source: USDA, NASS, Crop Production 2017 Summary, Jan. 12, 2018

0

50

100

150

200

250

300

350

‘17**‘16*‘15‘14‘13‘12‘11‘10‘09‘08‘07‘97‘87‘77‘67‘57‘47‘37

$19.

29

$85.

03

$43.

70

$40.

55 $79.

52

$76.

37

$95.

66

$165

.34

$159

.83

$139

.75 $2

03.9

2

$244

.86

$271

.24

$175

.58

$145

.66

$142

.12

$132

.27

$127

.94

U.S. Corn Prices 1937-2017 ($/metric ton)

Source: USDA, WAOB, World Agriculture Supply & Demand *estimated **projected for crop year Sept. 2017 – Aug. 2018

0

10

20

30

40

50

60

70

80

90

‘17**‘16*‘15‘14‘13‘12‘11‘10‘09‘08‘07‘97‘87‘77‘67‘57‘47‘37

$1.15 $4

.55

$3.3

8

$5.0

1 $13.

14

$13.

83 $22.

37

$54.

76

$49.

09

$46.

48

$64.

48 $76.

88

$74.

10

$61.6

8

$52.

60

$49.

10

$51.5

0

$47.

46

Data Source: USDA WASDE Jan. 12, 2018 *estimate **projections

U.S. Corn Crop Value 1937-2017 ($ billion)

0

5000

10000

15000

20000

25000

30000

35000

40000

45000

50000

‘17‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07‘97‘87‘77‘67‘57‘47‘37

32,8

69

29,8

67

25,5

22

24,6

71 28,9

81

24,0

81 29,4

09 35,0

13

31,7

96

32,16

9

32,9

60

33,9

89

35,3

55

35,3

90

33,6

44

32,6

78

35,10

6

33,4

69

Source: USDA, NASS, Crop Production 2017 Summary, Jan. 12, 2018

U.S. Corn Acres Harvested 1937 – 2017 (1,000 hectare)

Source: USDA, NASS, Crop Production 2017 Summary, Jan. 12, 2018

U.S. Corn Acres Planted 1937 – 2017 (1,000 hectare)

0

5000

10000

15000

20000

25000

30000

35000

40000

45000

50000

‘17‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07‘97‘87‘77‘67‘57‘47‘37

39,3

25

34,4

14

29,6

15

28,7

96 34,12

6

26,7

90 32,18

8 37,8

49

38,8

43

34,9

58

35,6

90

37,2

05

39,3

72

38,5

93

36,6

63

35,6

12

38,0

42

36,4

89

98 CORN PRODUCTIONCORN PRODUCTION GlobalGlobal

World Corn Production 2017 – 2018*(million metric tons)

World Corn Consumption 2017 – 2018*(million metric tons)

Source: USDA, FAS Grain: World Markets and Trade, Jan. 12, 2018

*Marketing Year Oct. 1, 2017 – Sept. 30, 2018

Source: USDA, FAS Grain: World Markets and Trade, Jan. 12, 2018

*Marketing Year Oct. 1, 2017 – Sept. 30, 2018

U.S.371

EU-2760.1

China215.9

Other156.8

Brazil95

India25

Russia13.5

Mexico26.2

Argentina42

Ukraine25

Canada14.1

World Total1,044.6

U.S.318.7

EU-2774.8

Other245.2

China240

Brazil61.5 India

25.8

Vietnam13.4

Mexico42.3

Egypt15.9

Japan15.1

Canada14

World Total1,066.7

U.S. Corn Exports 1997 – 2017(million metric tons)

‘17**‘16*‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘03‘02“‘01‘00‘99‘98‘97

53

41

54 53 53 52

44

52 50

59 58

67

51 54 50

42

20

53

48 52

63

Source: USDA, WAOB, World Agriculture Supply & Demand Estimate, Jan. 12, 2018 *estimate **projections

U.S. Corn Exports/Leading Markets 2014 – 2017(million metric tons)

World Corn Exports/Imports 2017 – 2018*(1,000 metric tons)

Source: USDA, FAS Grain: World Markets and Trade, Jan. 12, 2018 *Marketing Year Oct. 1, 2017 – Sept. 30, 2018

2014 – 15 2015 – 16 2016 – 17Mexico 11.3 13.3 13.9Japan 12 10.4 13.5S Korea 3.9 3 5.6Colombia 4.4 4.5 4.7Peru 2.6 2.4 3Taiwan 1.8 2 3

2014 – 15 2015 – 16 2016 – 17Saudi Arabia 1.2 1.4 2.1Guatemala 0.9 0.9 1Costa Rica 0.8 0.6 0.8Canada 1.5 1 0.7Other 7.1 8.7 9.9Total 47.4 48.2 58.2

Source: USDA, ERS Feed Outlook, Dec. 14, 2017

U.S. 48.5(32.0%)

Argentina 27(17.8%)

Brazil 35.5(23.4%)

Ukraine 20.5(13.5%)

Russia 4.8 (3.2%)

South Africa 1.9 (1.3%)

Paraguay 2.5 (1.7%)EU-27 2 (1.3%) Mexico 1.3 (0.9%)

Burma 1.2 (0.8%)

Other 6.2 (4.1%)EXPORTING NATIONS

IMPORTING NATIONS

TOTAL EXPORTS/IMPORTS

142.1

Other 49.6(32.9%)

Iran 9 (6.0%)Colombia 5 (3.3%) Algeria 4.7 (3.1%)

Taiwan 4.5 (3.0%)U.S.1.3 (0.9%)

Mexico 16.5(10.9%)

EU-27 16(10.6%)

Japan 15(10.0%)

SouthKorea 9.7

(6.4%)

Egypt10

(6.6%)

Vietnam 9.5 (6.3%)

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Corn Processed by Segment 1997 – 2017(million metric tons)

Source: USDA, ERS Feed Outlook *projection

0

50

100

150

200

‘17*‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘03‘02‘01‘00‘99‘98‘97

Exports

Feed &Residual

Carry-Out

FSI

0

50

100

150

200

‘17*‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07‘02‘97‘92‘87

31 39 44 52

113 12

8

151 16

3

163

154 16

6

168

169 175 177

Food/Seed/Industrial Usage 1987 – 2017(million metric tons)

Source: USDA, ERS Feed Outlook, Dec. 14, 2017 *Crop Year Ending Aug. 31, 2018 Source: USDA, ERS Feed Outlook, Dec. 14, 2017; ProExporter Network; Crop Year Ending Aug. 31, 2018

Exports51 MMT (12.7%)

Sweeteners10 MMT (2.6%)

High-Fructose Corn Syrup13 MMT (3.2%)

Starch 6 MMT (1.6%)

Beverage/Alcohol4 MMT (1.0%)

Seed1 MMT (0.2%)

FSI190 MMT

Cereal/Other6 MMT (1.4%)

Fuel Ethanol152 MMT (37.8%)

DDGs34 MMT(8.5%)

TOTAL USAGE 401 MMT• = 1 MMT

Corn Usage by Segment 2017(million metric tons)

1110 OVERVIEW OVERVIEWCorn Consumption Corn Consumption

Feed & Residual148 MMT (36.9%)

1312 FOOD & FEEDCorn Consumption FOOD & FEEDCorn Consumption9

10

13 14 13 13

12

13 13

12 12 12 12 12 12

0

3

6

9

12

15

‘17*‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07‘02‘97‘92‘87

High-Fructose Corn Syrup Usage 1987 – 2017 (million metric tons)

Source: USDA, ERS Feed Outlook Dec. 14, 2017 *Crop Year Ending Aug. 31, 2018

012345678

‘17*‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07‘02‘97‘92‘87

66 6 66 6 6 66 6

77

6 6

7

Starch Usage 1987 – 2017 (million metric tons)

Source: USDA, ERS Feed Outlook Dec. 14, 2017 *Crop Year Ending Aug. 31, 2018

0

2

4

6

8

10

‘17*‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07‘02‘97‘92‘87

4

5

6 6

7 7

6

7 7 7

8 8

9 9

10

Sweetener Usage 1987 – 2017 (million metric tons)

Source: USDA, ERS Feed Outlook Dec. 14, 2017 *Crop Year Ending Aug. 31, 2018

23 24

28

31 30

2627 26

29 29

32

05

101520253035

‘17*‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07Source: ProExporter Network,Crop Year Ending Aug. 31, 2018 *projections

Corn Displaced by DDG/CGF in Domestic Livestock Rations 2007-2017 (million metric tons)

0

1

2

3

4

5

‘17*‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07‘02‘97‘92‘87

2

3 3 3 3 33 3 3

4 4 4 4 4 4

Beverages and Manufacturing Alcohol 1987 – 2017 (million metric tons)

Source: USDA, ERS Feed Outlook Dec. 14, 2017 *Crop Year Ending Aug. 31, 2018

0

1

2

3

4

5

‘17*‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07‘02‘97‘92‘87

3 3

5 5 5 55 5 5 5 5 5 5 5 5

Cereal and Food 1987 – 2017 (million metric tons)

Source: USDA, ERS Feed Outlook Dec. 14, 2017 *Crop Year Ending Aug. 31, 2018

1514 FOOD & FEEDCorn Consumption ETHANOLCorn Consumption

Insect Resistant 1,095Non-Biotech 2,919Herbicide Tolerant 4,379Stacked Traits 28,097

3%Insect

Resistant8%Non-Biotech

12%HerbicideTolerant

77%Stacked Traits

Total 36,489

Biotech Share of U.S. Corn Acres Planted 2017(1,000 hectare)

Data Source: USDA, NASS, Crop Production Annual Jan. 12, 2018

Percentage of Biotech Acreage 2015 – 2017

Source: USDA, NASS, Acreage June 30, 2017

Insect Resistant Herbicide Tolerant Stacked Traits All Biotech HybridsYear ‘15 ‘16 ‘17 ‘15 ‘16 ‘17 ‘15 ‘16 ‘17 ‘15 ‘16 ‘17IL 1 2 3 4 4 4 88 87 85 93 93 92IN 4 2 3 8 9 9 76 75 75 88 86 87IA 5 3 5 8 9 9 80 80 80 93 92 93KS 4 4 3 12 12 12 79 79 77 95 95 95MI 2 3 1 16 18 18 74 70 71 92 91 87MN 2 3 2 13 10 10 78 80 82 93 93 94MO 5 4 2 9 8 8 75 81 81 89 93 91NE 4 3 3 10 15 15 82 77 81 96 95 96ND 6 4 5 21 25 25 70 66 67 97 95 93OH 3 2 2 14 18 18 68 66 66 85 86 82SD 1 4 3 13 16 16 83 78 77 97 98 97TX 10 8 5 12 11 11 67 71 77 89 90 95WI 3 3 2 19 17 17 70 70 71 92 90 97Other 4 5 4 18 18 18 68 68 70 90 90 91Total 4 3 3 12 13 13 77 76 77 92 92 92

U.S. Corn Fed by Region 2007 – 2017(million metric tons)

Source: ProExporter Network, Crop Year Ending Aug. 31, 2018 *projections

0

30

60

90

120

150

‘17*‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07

Non-Cornbelt

Cornbelt

Corn Fed by Species 2004 – 2017(million metric tons)

Source: ProExporter Network, Crop Year Ending Aug. 31, 2018 *projections

0

10

20

30

40

50

‘17*‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04

Poultry

Dairy

Other

BeefPork

U.S. Meat Exports by Animal Group 1997 – 2017 (1,000 metric tons)

Source: PRX; USDA, WAOB World Agriculture Supply *Calendar year estimates and Demand Estimates, Jan. 12, 2018

0

500

1000

1500

2000

2500

3000

3500

4000

‘17*‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07‘06‘05‘04‘03‘02‘01‘00‘99‘98‘97

Poultry

Beef

Pork0

30

60

90

120

150

‘17*‘16‘15‘14‘13‘12‘11‘10‘09‘08‘07‘02‘97‘92‘87

7 11 1225

7794

117 12

712

711

8 130

132

133 138 140

Corn Used for Ethanol and DDG Production 1987 – 2017(million metric tons)

Source: USDA, ERS Feed Outlook Jan. 17, 2018

*Crop Year Ending Aug. 31, 2018

beef poultry pork dairy

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Founded in 1957, the National Corn Growers Association represents nearly 40,000 dues-paying corn

farmers nationwide and the interests of more than 300,000 growers who contribute through corn checkoff

programs in their states. NCGA and its 49 affiliated state organizations work together to sustainably

feed and fuel a growing world by creating and increasing opportunities for corn growers.

For more information, visit www.ncga.com

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