The 2010 Corn Crop

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1 U.S. Corn Update 米国産トウモロコシアップデート 2013 Planting Season 2013 年作付 Corn Supply and Demand トウモロコシ需給 Historical Information 現在までの推移 2012 Drought Information 2012 年のかんばつ情報 April 2, 2013

2 IA IL NE MN IN SD KS WI ND OH MO MI TX KY PA CO NY MD AR TN NC LA VA GA MD SC OK AL 6,100 5,900 4,600 4,350 4,100 3,950 3,400 2,600 2,100 1,600 1,480 1,250 1,200 1,050 1, ,900 9,000 14,200 12, Acreage Survey: NCGA States 2013 年作付 : 全米トウモロコシ生産者協会加盟州 Thousand Acres, Planted 千エーカー 作付 16,000 14,000 12,000 10,000 8,000 6,000 4,000 USDA s Prospective Plantings report is based on surveys of farmers about their planting intentions. A complete report on acres planted will be released June 28. 米国農務省の作付予想レポートは 農家の作付意思の調査をもとにしている 作付面積の最終レポートは 6 月 28 日に発表される予定である 2,000 -

3 80,929 81,779 78,327 93,527 85,982 86,382 88,192 91,936 97,155 97, ,000 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10, Acreage Survey: Comparison 2013 年作付調査 : 比較 Thousand Acres, Planted 千エーカー 作付

4 Acreage Changes in the States 州別作付面積変化 114 Numbers reflect percent of previous year s planting. Dark states indicate places where planting is expected to increase. 数字は前年の作付との比較 濃い色の州は昨年より作付増加 MD 95

5 CORN SUPPLY AND DEMAND トウモロコシ需給

6 Quarterly Corn Supply Status 四半期別トウモロコシ供給状況 On 農場内 Farms Off 農場外 Farms 2013/3/1 2,669 2, /12/1 4,586 3, /9/ /6/1 1,482 1, /3/1 3,192 2,832-1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000

7 Corn Supply Comparison トウモロコシ供給の比較 Acreage 作付面積 Production 生産量 Planted 作付 Harvested 収穫 Harvest 収穫量 Total 総供給量 Supply Million Acres 百万エーカー Billion Bushels 十億ブッシェル

8 * 6.0* 5.6* Corn Demand Comparison トウモロコシ需要の比較 6 Billion bushels 十億ブッシェル Distillers Grains DDGS: The corn equivalent of billion bushels each year goes from ethanol production into livestock feed 10 億から 12 億ブッシェルのトウモロコシ相当が エタノール生産から家畜飼料に毎年供給される 1 0 Feed and Residual Ethanol and Distillers Grains Exports, Mostly as Feed Other Domestic Uses Ending Stocks (Surplus) 飼料その他エタノール DG 輸出 ( 主に飼料 ) 他の国内期末在庫 ( 余剰 ), PRX; * Total domestic feed, including distillers grains

9 Current-Year ( ) Corn Demand 現行年度 ( ) のトウモロコシ需要 (as percentage of corn supply トウモロコシ供給に対する %) 12% 7% 5% 30% 8% 38% Highlighted section shows total amount available for domestic feed ハイライト部分は国内家畜飼料に仕向け可能な総量を示す Feed/Residual (4.6) 飼料その他 Distillers Grains (1.0) DG Ethanol Only (3.5) エタノールのみ Other Uses (1.4) その他の利用 Export (0.8) 輸出 Ending Stocks (0.6) 期末在庫, PRX

10 Current-Year ( ) Corn Demand 現行年度 ( ) のトウモロコシ需要 (as percentage of corn supply トウモロコシ供給に対する %) 12% 7% 5% 30% 8% 38% Highlighted section shows total amount sent into mills for ethanol and coproducts ハイライト部分はエタノールと併産物生産への総量を示す Feed/Residual (4.6) 飼料その他 Distillers Grains (1.0) DG Ethanol Only (3.5) エタノールのみ Other Uses (1.4) その他の利用 Export (0.8) 輸出 Ending Stocks (0.6) 期末在庫, PRX

11 Understanding Feed and Ethanol 飼料とエタノールに関する理解 For this year ( ), USDA estimates 4.6 billion bushels of corn will be used for feed and residual( 今年度 ( ) 米国農務省は 46 億ブッシェルのトウモロコシが飼料そのほかに利用されると見積もり ) Ethanol production will create the equivalence of one billion bushels more corn, as distillers grains( エタノール生産から 10 億ブッシェル相当のトウモロコシをディスティラーズ グレイン (DG) として生産 ) Of 825 million bushels exported, about 660 million bushels will be used as feed(8 億 2500 万ブッシェルの輸出のうち 6 億 6000 万ブッシェルが飼料としての利用 ) Feed total: 6.2 billion bushels( 総飼料 :62 億ブッシェル ) USDA estimates 4.5 billion bushels will be used to produce nearly 14 billion gallons of ethanol 米国農務省は 45 億ブッシェルが 140 億ガロン近くのエタノール生産に利用と見積もり ) This process will also produce distillers grains, the equivalence of one billion bushels of corn for livestock and poultry feed( この過程で生産されるディスティラーズ グレイン (DG) は 家畜家禽飼料として 10 億ブッシェルのトウモロコシに相当 ) Ethanol total: 3.5 billion bushels, PRX

12 HISTORICAL INFORMATION 現在までの推移

13 History: Acres and Production 推移 : 作付面積と生産量 Billion Bushels Million Acres 百万エーカー Planted 作付面積 Acres Production 生産量十億ブッシェル

14 History: Average Corn Yield 推移 : 平均トウモロコシ単収 Bushels Per Acre エーカーあたりブッシェル

15 2012 DROUGHT INFORMATION 2012 年かんばつに関する情報

16 5/20 5/27 6/3 6/10 6/17 6/24 7/1 7/8 7/15 7/22 7/29 8/5 8/12 8/19 8/26 9/2 9/9 9/16 9/23 9/30 Tracking 2012 Crop Condition 2012 年の作柄の変遷 Good or Excellent よい か とてもよい Poor or Very Poor 悪い か とても悪い 77% 72% 72% 66% 63% 3% 5% 5% 8% 9% 56% 14% 48% 22% 40% 31% 30% 30% 45% 48% 50% 51% 51% 52% 52% 52% 50% 51% 50% 26% 24% 23% 23% 23% 22% 22% 22% 24% 24% 25%

17 14,790 12,970 10,727 10,725 10,780 16,000 Drought s Impact on 2012 Crop 2012 年穀物へのかんばつの影響 12, bu/a Crop harvest and yield estimates over time トウモロコシ収穫と単収見積もりの経時変化 8, bu/a bu/a bu/a bu/a 4,000 - May Jul Sep Nov Jan 5 月 7 月 9 月 11 月 1 月

18 Change in Corn Yield ( ) トウモロコシ単収の変化 ( ) MD +13

19 13,092 13,038 12,447 12,360 12,092 11,806 11,112 10,780 10,531 10,087 14,000 12,000 10,000 8,000 6,000 4, Largest Corn Harvests 史上 10 位のトウモロコシ収穫量 Million bushels 2,

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