Question: AFRE 232 COMMODITY MARKETING I Homework #1: WASDE U.S. Corn Balance Sheet Due: Wednesday September 28, 2022, at the start of class Directions: follow the

AFRE 232 COMMODITY MARKETING I Homework #1: WASDE U.S. Corn Balance

AFRE 232 COMMODITY MARKETING I Homework #1: WASDE U.S. Corn Balance Sheet Due: Wednesday September 28, 2022, at the start of class Directions: follow the steps in sequential order below and solve each cell to complete the balance sheet. Each question/cell is worth 3 points for a total of 30 points. Use the sheet on the next page to show your work, you will not receive full credit if you do not show your work. Note: in cell 10, identify whether the price of corn will go up, down or no change based on the calculated "ending stocks, \% of use" ratio in step 9. WASDE Report U.S. Feed Grain and Corn Supply and Use Information needed to complete the table: Expected corn yield 172.5bu./acre Acres harvested for silage 5.0 million acres Abandoned planted acres 2.8 million acres AFRE 232 COMMODITY MARKETING I Homework #1: WASDE U.S. Corn Balance Sheet Due: Wednesday September 28, 2022, at the start of class Directions: follow the steps in sequential order below and solve each cell to complete the balance sheet. Each question/cell is worth 3 points for a total of 30 points. Use the sheet on the next page to show your work, you will not receive full credit if you do not show your work. Note: in cell 10, identify whether the price of corn will go up, down or no change based on the calculated "ending stocks, \% of use" ratio in step 9. WASDE Report U.S. Feed Grain and Corn Supply and Use Information needed to complete the table: Expected corn yield 172.5bu./acre Acres harvested for silage 5.0 million acres Abandoned planted acres 2.8 million acres

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