Pat Westhoff Quotes (4 Quotes)

If yields return to normal trend in 2006, soybean production is likely to decline. However large beginning stocks could lead to record total supplies.

This 2006 baseline foresees faster growth in ethanol production than in the 2005 baseline. Higher petroleum prices and provisions of the Energy Policy Act of 2005 add to the growth.

Declines outweigh government loan deficiency payments (LDP) and counter-cyclical payments (CCP).

While modest recovery in net returns is seen for wheat, that will not likely discourage further reduction in wheat acreage.