ISSN:1554-9089 WASDE-450 September 12, 2007 WHEAT: U.S. 2007/08 wheat ending stocks are projected at 362 million bushels, down 42 million bushels from last month reflecting lower imports and increased use. If realized, this year's carryout would be the lowest since 1973/74. Imports are lowered 15 million bushels as production for Canada is lowered. Feed and residual use is projected 10 million bushels lower as higher prices limit feeding and tight supplies draw lower quality wheat into milling. Food use is raised 10 million bushels in line with revisions to 2006/07 based on the latest mill grind estimates from the U.S. Bureau of Census. Exports are projected 25 million bushels higher as a tighter world supply situation boosts prospects for U.S. wheat sales. The wheat season- average farm price is projected at $5.50 to $6.10 per bushel, up 40 cents on each end of the range from last month. The projected range is well above the 1995/96 record price of $4.55 per bushel. Global 2007/08 wheat production is projected 4.2 million tons lower as reduced output in Australia, Canada, and EU- 27 more than offset higher output in FSU-12. Production for Australia is lowered 2 million tons based on early crop stress from dryness during August and early September. Production for Canada is lowered 1.2 million tons based on official government estimates that reflect significant yield reductions as a result of widespread summer heat and dryness. EU-27 output is reduced 3.1 million tons as preliminary government estimates indicate sharply lower output, particularly for France, Germany, and the United Kingdom. Persistent and heavy rains damaged ripened wheat and cut yields throughout northern Europe. FSU-12 production is raised 2.2 million tons based on harvest results that indicate better-than-expected yields for winter wheat in Ukraine as harvest weather was favorably dry. Higher expected output for Russia reflects increased winter and spring wheat area. Spring wheat crop prospects remain good for Russia with excellent soil moisture conditions at seeding and generally supportive growing season weather during July and August. FSU-12 production is also raised on increases for Belarus and Uzbekistan. World wheat imports and exports for 2007/08 are both lowered 1.8 million tons this month. Exports are reduced 1.5 million tons for Australia and 1.0 million tons each for Canada and EU-27 as production is lowered in all three countries. Partly offsetting are increases of 1.0 million tons for Russia and 0.7 million tons for the United States. World wheat feeding is lowered 1.5 million tons this month reflecting tighter supplies and higher prices. EU-27 wheat feeding is cut 1.1 million tons. Lower global production is only partly offset by lower consumption leaving world ending stocks projected down 2.4 million tons from last month. At 112.4 million tons, 2007/08 world stocks would be the lowest in 30 years. COARSE GRAINS: U.S. corn production is forecast at 13.3 billion bushels, up 254 million from last month. The forecast yield of 155.8 bushels per acre would be the second highest ever, but still 4.6 bushels per acre below the 2004 record. Total corn supplies are projected at a record 14.5 billion bushels, up 259 million from last month as beginning stocks are also raised 5 million. Feed and residual use is raised 100 million bushels reflecting the larger crop and reduced availability of distillers grains as projected ethanol corn use is lowered 100 million bushels. Ethanol use is lowered based on indications of declining plant capacity utilization and a slower-than-expected pace of start-ups. Exports are projected 100 million bushels higher with strong world demand for coarse grains and tighter foreign supplies, especially for corn. Ending stocks for corn are projected 159 million bushels higher at 1.7 billion. The season- average farm price range is unchanged at $2.80 to $3.40 per bushel supported by record wheat prices and strong soybean prices. Sorghum production is forecast at 495 million bushels, up 20 million from last month. Feed and residual use for 2007/08 is raised 10 million bushels this month reflecting the larger forecast crop. Sorghum food, seed, and industrial use is lowered with larger supplies of corn. Sorghum and barley exports are raised reflecting tighter foreign coarse grain supplies. Oat imports are projected higher with more production in Canada. The season- average sorghum price projection for 2007/08 is unchanged. Barley and oats prices are raised reflecting strong prices to date. Changes for 2006/07 corn include a 25-million-bushel reduction in ethanol corn use and a nearly offsetting 20- million-bushel increase in exports, both reflecting the most recent indications of 2006/07 use. Global coarse grain production is increased 1.9 million tons as increases for Canada, FSU-12, and the United States more than offset reductions for Argentina, Australia, China, and EU-27. Coarse grain production for Canada is raised 0.7 million tons as higher barley and oats output more than offset reduced corn production. An 0.8-million-ton increase for FSU-12 coarse grain output mostly reflects higher oats production for Russia and higher oats and rye production for Belarus. Argentina corn production is lowered 1.5 million tons this month as sharply higher oilseed prices are expected to reduce the incentives for corn planting. Australia barley production is cut 1.0 million tons reflecting dry conditions that are expected to have an even greater impact on barley than wheat because of its earlier maturity. China corn production is reduced 1.0 million tons this month as persistent dryness in parts of northeast and southern China have reduced yield prospects. EU-27 corn production is cut 1.5 million tons reflecting lower harvested area and yields in southeastern Europe. EU-27 barley production is lowered 1.2 million tons reflecting lower harvest area and yields in northern Europe. Global coarse grain imports and exports for 2007/08 are both raised this month, mostly as a result of increased demand for foreign feed grain supplies in EU-27. EU-27 corn and sorghum imports are raised 2.0 million tons and 0.8 million tons. EU-27 coarse grain feeding is raised 1.1 million tons offsetting a similar reduction in wheat feeding. World coarse grain exports are raised 3.4 million tons, mostly reflecting higher U.S. exports of corn, sorghum, and barley. Barley exports are also raised 0.6 million tons for Canada. Global coarse grain stocks are projected 1.4 million tons higher this month. RICE: U.S. rice production in 2007/08 is forecast at 191.8 million cwt, less than 1 percent above last month due mostly to an increase in yield. Harvested area is increased slightly to 2.75 million acres. The average yield is estimated at a record 7,024 pounds per acre, up 40 pounds from last month. Long-grain production is estimated at 138.2 million cwt, down 1 percent from last month, while combined medium- and short-grain production is estimated at 53.6 million cwt, up 6 percent from a month ago. All rice beginning stocks for 2007/08 are lowered 2.6 million cwt or 6 percent from last month based on the USDA Rice Stocks report published on August 30. Rice imports are lowered 1 million cwt to 20.5 million cwt. Rice exports are projected at 100 million cwt, down 2 percent from a month earlier. The ending stocks are projected at 27 million cwt, down slightly from last month. The season-average farm price is forecast at $9.85 to $10.25 per cwt, up 10 cents per cwt on the low end of the range and unchanged on the high end compared to a revised $9.74 per cwt for 2006/07. On August 30, the National Agricultural Statistics Service (NASS) estimated August 1 U.S. rough rice stocks at 34.9 million cwt and milled stocks at 3.1 million. Total stocks on a rough-equivalent basis are calculated at 39.3 million cwt. Projected global 2007/08 production and ending stocks are lowered from a month ago, while consumption and trade are nearly unchanged. World 2007/08 rice production is projected at a record 418.5 million tons, 2.7 million tons below last month. The smaller world rice crop is due mostly to a decrease in production in China estimated at 127 million tons (down 2.7 million tons). The rice crop in North Korea is also lowered, while crops in the United States, Iraq, and Kazakhstan are increased slightly. The decline in China's rice production in 2007/08 leads to a decrease in China's rice stocks to an estimated 33.6 million tons, down 2.7 million from last month. World 2007/08 ending stocks are projected at 71 million tons, down 2.8 million from last month, and down 6.2 million from revised 2006/07 the lowest stocks since 1983/84. The 2007/08 stocks-to-use ratio at 16.7 percent is down from 17.4 percent last month, and the lowest ratio since 1976/77. OILSEEDS: U.S. oilseed ending stocks for 2007/08 are projected at 6.9 million tons, down fractionally from last month. Soybean production is forecast at 2.6 billion bushels, down 6 million from last month based on lower yield prospects, especially in the South. Other oilseeds are up slightly as higher cottonseed production more than offsets reduced peanut production. Soybean crush is raised 25 million bushels due to stronger projected domestic soybean meal disappearance. Soybean exports are reduced 45 million bushels to 975 million as stronger domestic demand limits exportable supplies. Soybean ending stocks are projected at 215 million bushels, down 5 million from last month, and down 61 percent from 2006/07. Soybean crush and exports are both raised for 2006/07, leaving ending stocks at 555 million bushels, down 20 million from last month. Soybean oil stocks for 2006/07 are reduced sharply this month reflecting increased domestic use for biodiesel and higher projected exports. The U.S. season-average soybean price range for 2007/08 is projected at $7.35 to $8.35 per bushel, up 10 cents on both ends. The soybean meal price is projected at $205 to $235 per short ton, up $5 on both ends. The soybean oil price range is raised 1 cent on both ends to 33 to 37 cents per pound. Global oilseed production for 2007/08 is projected at 390.9 million tons, down 0.4 million tons from last month. U.S. oilseed production is forecast at 80.2 million tons, down fractionally from last month. Foreign production is down 0.4 million tons to 310.7 million tons. Sunflowerseed production is lowered for China, EU-27, and Turkey. Higher production in Argentina partly offsets these reductions. Other foreign changes include reduced peanut production for China, reduced soybean production and increased rapeseed production for Canada, and increased cottonseed production for Brazil. Global oilseed stocks for 2007/08 are raised 0.1 million tons to 57.8 million tons as increased rapeseed stocks in Canada and sunflowerseed stocks in Argentina are mostly offset by reduced soybean stocks in Brazil. SUGAR: Projected 2007/08 U.S. sugar supply is increased 414,000 short tons, raw value, from last month, with higher beginning stocks, production, and imports. Production is increased 50,000 tons, based on processors' projections compiled by the Farm Service Agency. Imports are increased 220,000 tons, accounting for 70,000 tons of refined specialty sugar tariff rate quota (TRQ) announced in August and 150,000 tons of non-program imports due to higher production and beginning stocks in Mexico. Use is unchanged. For 2006/07, ending stocks are increased 144,000 tons from last month. Production is increased 18,000 tons, based on processor estimates. Imports are increased 61,000 tons, due to higher imports of TRQ sugar from Mexico. Based on pace to date, use is lowered 65,000 tons, as a 100,000-ton decrease in deliveries for domestic food use is partially offset by a 35,000-ton increase in exports. LIVESTOCK, POULTRY, AND DAIRY: The forecast for total 2007 U.S. meat production is reduced slightly as lower beef and pork output more than offset gains in turkey production. Forecast beef and pork production for the second half of the year is lowered as cattle and hog marketings are smaller than previously expected. Hatchery data indicate higher turkey output. For 2008, total meat production is raised primarily due to increased pork output. Increased live hog imports boost pork output across all quarters. Beef production for 2008 is raised fractionally due to cattle marketings being shifted from this year into next. Poultry meat production forecasts for 2008 are unchanged. Forecast 2007 meat exports are raised because estimated second quarter beef and broiler meat exports were higher than expected. Forecast pork exports for 2007 are raised as weaker second quarter shipments are expected to be more than offset by stronger fourth quarter shipments, mainly to China. Forecast pork exports for 2008 are raised slightly also reflecting expected gains in shipments to China. Forecast 2007 beef imports are reduced slightly on stronger domestic cow slaughter. Pork import forecasts for 2007 and 2008 are raised slightly. Forecasts for 2007 and 2008 cattle prices are increased as current prices remain firm and cattle supplies are expected to be tight through next year. Forecast hog prices for the third quarter of 2007 are reduced slightly. Forecast broiler, turkey, and egg prices are increased slightly for the third quarter of 2007. Forecast milk production for 2007 and 2008 is raised as producers respond to strong milk prices by expanding cow herds through next year. High replacement heifer and dairy cow prices indicate strong demand for dairy animals. Milk cow numbers and milk per cow growth in July were higher than expected, but continued tight supplies of alfalfa hay are expected to moderate growth in output per cow into 2008. Despite higher milk production forecasts, demand is expected to continue to support milk prices at record levels in 2007 and near record levels in 2008. World dairy supplies are expected to remain relatively tight and demand for U.S. dairy products, both domestically and internationally, is forecast to help absorb higher production levels. However, stock forecasts are raised in both years reflecting the stronger production growth forecasts. Cheese and nonfat dry milk (NDM) price forecasts are raised for both 2007 and 2008 as demand for these products will remain strong. Butter and whey price forecasts are decreased for both 2007 and 2008. The Class III price forecast is raised for 2007 as a higher cheese price forecast more than offsets lower expected whey prices, but the forecast for 2008 is lowered due to weaker whey prices. The Class IV price forecast for both 2007 and 2008 is raised due to the increased forecast for NDM prices. For 2007 and 2008, the all milk price forecasts are raised, with prices in 2007 forecast to average a record $19.20 to $19.40 per cwt, and then decline to $18.30 to $19.30 per cwt in 2008. COTTON: This month's U.S. 2007/08 cotton supply and demand estimates include higher production and ending stocks. Production is raised nearly 3 percent to 17.8 million bales, as higher production in Texas is partially offset by reductions in the Southeast and Delta. Domestic mill use and exports are unchanged. Ending stocks are raised 7 percent to 6.2 million bales. The world 2007/08 supply and demand forecasts show higher production, which is nearly offset by lower beginning stocks. Beginning stocks are reduced mainly in China and India due to adjustments in the trade estimates for 2006/07. World production is raised 1 percent, as larger crops in Brazil, Pakistan, the United States, and India are partially offset by lower production in the African Franc Zone, Turkey, Tanzania, and Syria. World trade is reduced due mainly to a 1.0-million-bale reduction in imports by China, which is based both on lower consumption and a slower- than-anticipated pace of imports prior to the 2007-crop harvest. World ending stocks of 51.6 million bales are virtually unchanged from last month. Approved by the Secretary of Agriculture and the World Agricultural Outlook Board, Gerald A. Bange, Chairperson, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: MARK KEENUM ACTING SECRETARY OF AGRICULTURE INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board's analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail: jnorton@oce.usda.gov Gary Vocke, ERS; Alan Riffkin, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail: aaaronson@oce.usda.gov Nathan Childs, ERS; Robert Miller, FAS; Tom Tice, FSA. Feed Grains: Jerry Norton, ICEC Chair, WAOB, E-mail: jnorton@oce.usda.gov Allen Baker, ERS; Philip W. Sronce, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: kmenzie@oce.usda.gov Mark Ash, ERS; Alan Riffkin, FAS; Philip W. Sronce, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail: cskelly@oce.usda.gov Darryl Earnest, AMS; Leslie Meyer, ERS; James Johnson, FAS; Scott Sanford, FSA. Sugar: John Love, ICEC Chair, WAOB, E-mail: jlove@oce.usda.gov Stephen Haley, ERS; Ron Lord, FAS; Daniel Colacicco, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: sshagam@oce.usda.gov Warren Preston, AMS; Mildred M. Haley, ERS; Alan Riffkin, FAS; Milton Madison, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: sshagam@oce.usda.gov Marc Warman, AMS; David Harvey, ERS; Alan Riffkin, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail: sshagam@oce.usda.gov Howard McDowell, AMS; Roger Hoskin, ERS; Paul Kiendl, FAS; Milton Madison, FSA. For the remainder of 2007, the WASDE report will be released at 8:30 a.m. on the following dates: October 12, November 9, and December 11 T A B L E OF C O N T E N T S Page Highlights . . . . . . . . . . . . . . . . . . . . . . . . . .1 Interagency Commodity Estimates Committees . . . . . . . . . .6 World & U.S. Supply & Use for Grains . . . . . . . . . . . . .8 World & U.S. Supply & Use for Cotton . . . . . . . . . . . . .9 World & U.S. Supply & Use for Oilseeds . . . . . . . . . . . 10 U.S. Wheat Supply & Use. . . . . . . . . . . . . . . . . . . 11 U.S. Wheat Supply & Use by Class . . . . . . . . . . . . . . 11 U.S. Feed Grain & Corn Supply & Use. . . . . . . . . . . . . 12 U.S. Sorghum, Barley, & Oats Supply & Use. . . . . . . . . . 13 U.S. Rice Supply & Use . . . . . . . . . . . . . . . . . . . 14 U.S. Soybeans & Products Supply & Use. . . . . . . . . . . . 15 U.S. Sugar Supply & Use. . . . . . . . . . . . . . . . . . . 16 U.S. Cotton Supply & Use . . . . . . . . . . . . . . . . . . 17 World Wheat Supply & Use . . . . . . . . . . . . . . . . . . 18 World Coarse Grains Supply & Use . . . . . . . . . . . . . . 20 World Corn Supply & Use. . . . . . . . . . . . . . . . . . . 22 World Rice Supply & Use. . . . . . . . . . . . . . . . . . . 24 World Cotton Supply & Use . . . . . . . . . . . . . . . . . 26 World Soybean Supply & Use . . . . . . . . . . . . . . . . . 28 World Soybean Meal Supply & Use. . . . . . . . . . . . . . . 29 World Soybean Oil Supply & Use . . . . . . . . . . . . . . . 30 U.S. Quarterly Animal Product Production . . . . . . . . . . 31 U.S. Quarterly Prices for Animal Products. . . . . . . . . . 31 U.S. Meats Supply and Use. . . . . . . . . . . . . . . . . . 32 U.S. Egg Supply & Use. . . . . . . . . . . . . . . . . . . . 33 U.S. Milk Supply and Use . . . . . . . . . . . . . . . . . . 33 U.S. Dairy Prices. . . . . . . . . . . . . . . . . . . . . . 34 Reliability Tables . . . . . . . . . . . . . . . . . . . . . 35 Related USDA Reports . . . . . . . . . . . . . . . . . . . . 38 Metric Conversion Factors. . . . . . . . . . . . . . . . . . 38 Electronic Access and Subscriptions. . . . . . . . . . . . . 40 For questions about the WASDE report, call (202) 720-5447. WASDE-450-8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : World Total grains 3/ : 2005/06 : 2,018.99 2,422.83 252.61 2,032.51 390.32 2006/07 (Est.) : 1,991.17 2,381.49 250.68 2,048.48 333.01 2007/08 (Proj.) : August : 2,091.41 2,423.61 247.52 2,104.13 319.48 September : 2,086.49 2,419.50 248.98 2,103.91 315.59 Wheat : 2005/06 : 622.64 773.65 115.44 624.49 149.16 2006/07 (Est.) : 593.07 742.23 107.96 617.15 125.08 2007/08 (Proj.) : August : 610.40 735.29 108.75 620.51 114.78 September : 606.24 731.32 106.91 618.96 112.36 Coarse grains 4/ : 2005/06 : 978.30 1,156.19 107.02 992.49 163.70 2006/07 (Est.) : 979.94 1,143.65 113.38 1,012.89 130.75 2007/08 (Proj.) : August : 1,059.83 1,189.71 108.93 1,058.85 130.86 September : 1,061.76 1,192.51 112.29 1,060.27 132.24 Rice, milled : 2005/06 : 418.06 492.98 30.15 415.53 77.45 2006/07 (Est.) : 418.16 495.61 29.34 418.43 77.19 2007/08 (Proj.) : August : 421.19 498.60 29.84 424.77 73.83 September : 418.49 495.67 29.78 424.69 70.99 : : United States Total grains 3/ : 2005/06 : 363.16 442.68 90.72 280.27 71.68 2006/07 (Est.) : 335.67 413.80 85.81 282.08 45.90 2007/08 (Proj.) : August : 413.76 465.66 92.68 318.61 54.37 September : 420.77 472.36 96.45 318.68 57.23 Wheat : 2005/06 : 57.28 74.19 27.29 31.36 15.55 2006/07 (Est.) : 49.32 68.18 24.73 31.05 12.40 2007/08 (Proj.) : August : 57.53 72.66 29.26 32.41 10.99 September : 57.53 72.25 29.94 32.47 9.84 Coarse grains 4/ : 2005/06 : 298.76 359.61 59.77 245.07 54.77 2006/07 (Est.) : 280.11 337.36 58.14 246.98 32.24 2007/08 (Proj.) : August : 350.14 384.88 60.16 282.21 42.52 September : 357.10 392.06 63.32 282.22 46.52 Rice, milled : 2005/06 : 7.11 8.87 3.66 3.84 1.37 2006/07 (Est.) : 6.24 8.26 2.94 4.05 1.27 2007/08 (Proj.) : August : 6.09 8.12 3.26 3.99 0.87 September : 6.13 8.05 3.20 3.99 0.86 =============================================================================== 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Wheat, coarse grains and milled rice. 4/ Corn, sorghum, barley, oats, rye, millet and mixed grains (for U.S. excludes millet and mixed grains). WASDE-450-9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : Foreign 3/ Total grains 4/ : 2005/06 : 1,655.84 1,980.15 161.88 1,752.24 318.63 2006/07 (Est.) : 1,655.51 1,967.69 164.87 1,766.40 287.11 2007/08 (Proj.) : August : 1,677.65 1,957.95 154.84 1,785.52 265.11 September : 1,665.72 1,947.14 152.52 1,785.23 258.36 Wheat : 2005/06 : 565.36 699.46 88.14 593.13 133.62 2006/07 (Est.) : 543.75 674.05 83.23 586.10 112.68 2007/08 (Proj.) : August : 552.86 662.63 79.49 588.10 103.79 September : 548.71 659.07 76.98 586.49 102.52 Coarse grains 5/ : 2005/06 : 679.53 796.58 47.25 747.41 108.94 2006/07 (Est.) : 699.83 806.29 55.24 765.92 98.52 2007/08 (Proj.) : August : 709.69 804.83 48.77 776.64 88.35 September : 704.65 800.45 48.97 778.05 85.72 Rice, milled : 2005/06 : 410.94 484.12 26.49 411.69 76.08 2006/07 (Est.) : 411.92 487.35 26.40 414.38 75.92 2007/08 (Proj.) : August : 415.10 490.48 26.58 420.78 72.96 September : 412.35 487.62 26.58 420.69 70.12 =============================================================================== 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. bales =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : World 2005/06 : 115.73 171.94 44.69 116.36 57.75 2006/07 (Est.) : 119.15 176.90 37.41 123.22 56.79 2007/08 (Proj.) : August : 115.92 173.78 40.58 127.78 51.52 September : 117.18 173.98 39.70 127.78 51.56 : United States 2005/06 : 23.89 29.41 18.04 5.87 6.05 2006/07 (Est.) : 21.59 27.66 13.00 4.95 9.70 2007/08 (Proj.) : August : 17.35 27.07 16.70 4.60 5.80 September : 17.81 27.53 16.70 4.60 6.20 : Foreign 3/ 2005/06 : 91.84 142.53 26.65 110.49 51.70 2006/07 (Est.) : 97.56 149.24 24.41 118.27 47.09 2007/08 (Proj.) : August : 98.57 146.71 23.88 123.18 45.72 September : 99.37 146.45 23.00 123.18 45.36 =============================================================================== 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. WASDE-450-10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade : Use 2/ : Stocks =============================================================================== : : World Oilseeds : 2005/06 : 391.07 447.85 76.15 318.24 64.31 2006/07 (Est.) : 405.65 469.96 82.69 330.35 71.69 2007/08 (Proj.) : August : 391.34 463.63 87.78 339.48 57.72 September : 390.90 462.59 87.36 340.04 57.78 Oilmeals : 2005/06 : 215.26 223.86 65.41 214.97 7.44 2006/07 (Est.) : 224.12 231.56 67.07 222.56 7.36 2007/08 (Proj.) : August : 232.97 239.61 70.95 231.43 6.86 September : 233.10 240.46 71.03 231.95 7.33 Vegetable Oils : 2005/06 : 117.68 128.04 46.48 115.20 10.13 2006/07 (Est.) : 121.53 131.66 48.01 121.72 8.49 2007/08 (Proj.) : August : 125.82 134.34 48.69 125.94 7.66 September : 126.04 134.53 48.60 126.35 7.70 : : United States Oilseeds : 2005/06 : 95.53 104.49 26.61 51.90 14.20 2006/07 (Est.) : 96.62 111.82 31.61 53.42 16.47 2007/08 (Proj.) : August : 80.19 98.20 28.57 53.18 6.98 September : 80.16 97.60 27.35 53.88 6.85 Oilmeals : 2005/06 : 39.95 41.82 7.61 33.85 0.36 2006/07 (Est.) : 41.32 43.37 8.05 34.98 0.34 2007/08 (Proj.) : August : 41.28 43.40 7.78 35.29 0.33 September : 41.79 43.91 7.74 35.84 0.33 Vegetable Oils : 2005/06 : 10.39 13.87 0.90 11.17 1.80 2006/07 (Est.) : 10.43 14.64 1.32 11.80 1.52 2007/08 (Proj.) : August : 10.40 14.61 1.09 12.22 1.31 September : 10.53 14.54 1.04 12.41 1.09 : : Foreign 3/ Oilseeds : 2005/06 : 295.54 343.37 49.54 266.34 50.11 2006/07 (Est.) : 309.03 358.14 51.08 276.93 55.22 2007/08 (Proj.) : August : 311.15 365.44 59.22 286.30 50.74 September : 310.74 364.99 60.01 286.15 50.93 Oilmeals : 2005/06 : 175.31 182.04 57.80 181.12 7.07 2006/07 (Est.) : 182.80 188.19 59.01 187.58 7.02 2007/08 (Proj.) : August : 191.70 196.21 63.17 196.14 6.53 September : 191.31 196.55 63.29 196.11 7.01 Vegetable Oils : 2005/06 : 107.29 114.17 45.58 104.03 8.33 2006/07 (Est.) : 111.09 117.02 46.70 109.92 6.97 2007/08 (Proj.) : August : 115.43 119.73 47.60 113.73 6.35 September : 115.50 119.98 47.56 113.94 6.60 =============================================================================== 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total foreign is equal to world minus United States. WASDE-450-11 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :============================== : : Est. : August September =============================================================================== Area : Million acres Planted : 57.2 57.3 60.5 60.5 Harvested : 50.1 46.8 52.1 52.1 Yield per harvested : Bushels acre : 42.0 38.7 40.6 40.6 : Million bushels Beginning stocks : 540 571 456 456 Production : 2,105 1,812 2,114 2,114 Imports : 81 122 100 85 Supply, total : 2,726 2,505 2,670 2,655 Food : 915 930 930 940 Seed : 78 81 81 83 Feed and residual : 160 129 180 170 Domestic, total : 1,152 1,141 1,191 1,193 Exports : 1,003 909 1,075 1,100 Use, total : 2,155 2,049 2,266 2,293 Ending stocks : 571 456 404 362 CCC inventory : 43 41 35 Free stocks : 528 415 327 Outstanding loans : 42 14 10 Avg. farm price ($/bu) 2/ : 3.42 4.26 5.10- 5.70 5.50- 6.10 =============================================================================== U.S. Wheat by Class: Supply and Use =============================================================================== Year beginning : Hard : Hard : Soft : : : June 1 : Winter : Spring : Red : White : Durum : Total =============================================================================== 2006/07 (estimated) : Million bushels Beginning stocks : 215 132 106 78 40 571 Production : 682 432 390 254 53 1,812 Supply, total 3/ : 898 614 516 342 135 2,505 Domestic use : 452 246 262 101 79 1,141 Exports : 281 250 146 197 35 909 Use, total : 734 496 408 298 114 2,049 Ending stocks, total : 164 118 108 44 22 456 : 2007/08 (projected) : Beginning stocks : 164 118 108 44 22 456 Production : 948 473 360 256 77 2,114 Supply, total 3/ : 1,113 623 478 307 133 2,655 Domestic use : 517 245 246 101 84 1,193 Exports : 450 285 175 160 30 1,100 Use, total : 967 530 421 261 114 2,293 Ending stocks, total : September : 146 93 57 46 19 362 August : 147 113 78 46 19 404 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. WASDE-450-12 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :============================== : : Est. : August September =============================================================================== FEED GRAINS : Area : Million acres Planted : 96.4 92.5 108.6 108.6 Harvested : 85.9 80.1 97.3 97.3 Yield per harvested : Metric tons acre : 3.47 3.49 3.60 3.67 : Million metric tons Beginning stocks : 58.8 54.7 32.1 32.2 Production : 298.6 279.9 349.9 356.9 Imports : 1.9 2.3 2.5 2.6 Supply, total : 359.3 337.0 384.5 391.7 Feed and residual : 163.2 152.2 154.1 156.9 Food, seed & industrial : 81.5 94.5 127.8 125.0 Domestic, total : 244.7 246.7 281.9 281.9 Exports : 59.8 58.1 60.2 63.2 Use, total : 304.5 304.8 342.1 345.1 Ending stocks, total : 54.7 32.2 42.5 46.6 CCC inventory : 0.0 0.0 Free stocks : 54.7 32.2 Outstanding loans : 4.4 3.0 : CORN : Area : Million acres Planted : 81.8 78.3 92.9 92.9 Harvested : 75.1 70.6 85.4 85.4 Yield per harvested : Bushels acre : 148.0 149.1 152.8 155.8 : Million bushels Beginning stocks : 2,114 1,967 1,137 1,142 Production : 11,114 10,535 13,054 13,308 Imports : 9 10 15 15 Supply, total : 13,237 12,512 14,206 14,465 Feed and residual : 6,155 5,750 5,750 5,850 Food, seed & industrial : 2,981 3,500 4,790 4,690 Ethanol for fuel 2/ : 1,603 2,125 3,400 3,300 Domestic, total : 9,136 9,250 10,540 10,540 Exports : 2,134 2,120 2,150 2,250 Use, total : 11,270 11,370 12,690 12,790 Ending stocks, total : 1,967 1,142 1,516 1,675 CCC inventory : 0 0 Free stocks : 1,967 1,142 Outstanding loans : 171 116 Avg. farm price ($/bu) 3/ : 2.00 3.03 2.80- 3.40 2.80- 3.40 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further breakout of FSI corn uses including ethanol, see the Feed Outlook table 5 or access the data on the Web through the Feed Grain Data Delivery System (http://www.ers.usda.gov/db/feedgrains/). 3/ Marketing-year weighted average price received by farmers. WASDE-450-13 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :============================== : : Est. : August September =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 6.5 6.5 7.8 7.8 Area harv. (mil. acres) : 5.7 4.9 6.7 6.7 Yield (bushels/acre) : 68.5 56.2 70.9 73.9 Beginning stocks : 57 66 38 38 Production : 393 278 475 495 Imports : 0 0 0 0 Supply, total : 450 343 513 533 Feed and residual : 140 110 180 190 Food, seed & industrial : 50 45 65 55 Total domestic : 190 155 245 245 Exports : 194 150 200 220 Use, total : 384 305 445 465 Ending stocks, total : 66 38 68 68 Avg. farm price ($/bu) 2/ : 1.86 3.30 2.60- 3.20 2.60- 3.20 : BARLEY : Area planted (mil. acres) : 3.9 3.5 4.0 4.0 Area harv. (mil. acres) : 3.3 3.0 3.5 3.5 Yield (bushels/acre) : 64.8 61.0 63.1 63.1 Beginning stocks : 128 108 69 69 Production : 212 180 223 223 Imports : 5 12 15 15 Supply, total : 346 300 307 307 Feed and residual : 52 55 60 60 Food, seed & industrial : 158 156 155 155 Total domestic : 210 211 215 215 Exports : 28 20 20 25 Use, total : 238 231 235 240 Ending stocks, total : 108 69 72 67 Avg. farm price ($/bu) 2/ : 2.53 2.85 2.75- 3.35 2.95- 3.55 : OATS : Area planted (mil. acres) : 4.2 4.2 3.9 3.9 Area harv. (mil. acres) : 1.8 1.6 1.6 1.6 Yield (bushels/acre) : 63.0 59.5 61.0 61.0 Beginning stocks : 58 53 51 51 Production : 115 94 98 98 Imports : 91 106 105 110 Supply, total : 264 253 255 260 Feed and residual : 136 125 130 130 Food, seed & industrial : 74 74 75 75 Total domestic : 209 199 205 205 Exports : 2 3 2 2 Use, total : 211 201 207 207 Ending stocks, total : 53 51 48 53 Avg. farm price ($/bu) 2/ : 1.63 1.87 1.60- 2.20 1.85- 2.45 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum, June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. WASDE-450-14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :============================== : : Est. : August September =============================================================================== TOTAL : Area : Million acres Planted : 3.38 2.84 2.74 2.75 Harvested : 3.36 2.82 2.73 2.73 Yield per harvested : Pounds acre : 6,636 6,868 6,984 7,024 : : Million hundredweight : Beginning stocks 2/ : 37.7 43.0 41.9 39.3 Production : 223.2 193.7 190.4 191.8 Imports : 17.1 20.6 21.5 20.5 Supply, total : 278.1 257.3 253.8 251.6 Domestic & residual 3/ : 120.2 126.6 124.7 124.7 Exports, total 4/ : 114.9 91.4 102.0 100.0 Rough : 33.4 32.1 34.0 33.0 Milled (rough equiv.) : 81.4 59.3 68.0 67.0 Use, total : 235.1 218.0 226.7 224.7 Ending stocks : 43.0 39.3 27.1 27.0 Avg. milling yield (%) 5/ : 70.2 71.0 70.5 70.5 Avg. farm price ($/cwt) 6/ : 7.65 9.74 9.75-10.25 9.85-10.25 : LONG GRAIN : Harvested acres (mil.) : 2.73 2.19 Yield (pounds/acre) : 6,493 6,689 Beginning stocks : 22.7 32.7 30.6 28.5 Production : 177.5 146.2 140.0 138.2 Supply, total 7/ : 212.5 193.1 185.6 181.8 Domestic & Residual 3/ : 87.9 91.9 89.0 89.0 Exports 8/ : 92.0 72.7 79.0 77.0 Use, total : 179.8 164.6 168.0 166.0 Ending stocks : 32.7 28.5 17.6 15.8 : : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.63 0.64 Yield (pounds/acre) : 7,255 7,484 Beginning stocks : 13.8 9.4 10.4 10.0 Production : 45.7 47.5 50.4 53.6 Supply, total 7/ : 64.7 63.4 67.3 69.1 Domestic & Residual 3/ : 32.4 34.7 35.7 35.7 Exports 8/ : 22.9 18.7 23.0 23.0 Use, total : 55.2 53.4 58.7 58.7 Ending stocks : 9.4 10.0 8.7 10.5 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2005/06-1.1; 2006/07-0.9; 2007/08-0.8. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. WASDE-450-15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :=============================== : : Est. : August September =============================================================================== SOYBEANS: : Million acres Area : Planted : 72.0 75.5 64.1 64.1 Harvested : 71.3 74.6 63.3 63.3 : : Bushels Yield per harvested : acre : 43.0 42.7 41.5 41.4 : : Million bushels : Beginning stocks : 256 449 575 555 Production : 3,063 3,188 2,625 2,619 Imports : 3 8 4 6 Supply, total : 3,322 3,646 3,205 3,180 Crushings : 1,739 1,805 1,800 1,825 Exports : 940 1,115 1,020 975 Seed : 93 79 85 85 Residual : 101 92 79 79 Use, total : 2,873 3,091 2,985 2,964 Ending stocks : 449 555 220 215 Avg. farm price ($/bu) 2/ : 5.66 6.40 7.25- 8.25 7.35 - 8.35 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 1,699 3,010 3,060 2,580 Production : 20,387 20,435 20,430 20,715 Imports : 35 35 35 40 Supply, total : 22,122 23,480 23,525 23,335 Domestic : 17,959 19,050 19,900 20,300 For methyl ester 4/ : 1,555 2,850 3,500 4,000 Exports : 1,153 1,850 1,400 1,300 Use, total : 19,112 20,900 21,300 21,600 Ending stocks : 3,010 2,580 2,225 1,735 Average price (c/lb) 2/ : 23.41 31.00 32.00- 33.00- : 36.00 37.00 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 172 314 300 300 Production : 41,244 42,771 42,835 43,385 Imports : 141 165 165 165 Supply, total : 41,557 43,250 43,300 43,850 Domestic : 33,195 34,350 34,750 35,300 Exports : 8,048 8,600 8,250 8,250 Use, total : 41,243 42,950 43,000 43,550 Ending stocks : 314 300 300 300 Average price ($/s.t.) 2/ : 174.17 205.00 200.00- 205.00- : 230.00 235.00 =============================================================================== Note: Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and meal. 2/ Prices: Soybeans, marketing year weighted average price received by farmers; for Oil, simple average of crude soybean oil, Decatur; for Meal, simple average of 48 percent, Decatur. WASDE-450-16 U.S. Sugar Supply and Use 1/ ===================================================================== : : : 2007/08 Projection Item : 2005/06 : 2006/07 :==================== : : Est. : August September ===================================================================== : 1,000 short tons, raw value : Beginning stocks : 1,332 1,698 1,628 1,772 Production 2/ : 7,399 8,494 8,291 8,341 Beet sugar : 4,444 5,029 4,621 4,657 Cane sugar : 2,955 3,465 3,670 3,684 Florida : 1,367 1,713 1,774 1,774 Hawaii : 223 237 268 282 Louisiana : 1,190 1,335 1,430 1,430 Texas : 175 180 198 198 Imports : 3,443 2,090 1,889 2,109 TRQ 3/ : 2,588 1,630 1,284 1,354 Other program 4/ : 349 400 425 425 Other 5/ : 506 60 180 330 Mexico : 420 60 175 325 Total supply : 12,174 12,282 11,808 12,222 : Exports : 203 435 250 250 Deliveries : 10,341 10,075 10,170 10,170 Food : 10,184 9,850 10,000 10,000 Other 6/ : 157 225 170 170 Miscellaneous 7/ : -68 0 0 0 Total use : 10,476 10,510 10,420 10,420 Ending stocks : 1,698 1,772 1,388 1,802 : Stocks to use ratio : 16.2 16.9 13.3 17.3 ====================================================================== 1/ Fiscal years beginning Oct 1. Includes Puerto Rico. Historical data are from FSA, "Sweetener Market Data" except imports (U.S. Customs Service, Census Bureau). 2/ Production projections for 2007/08 are processor projections compiled by the Farm Sevice Agency. 3/ Actual arrivals under the tariff rate quota (TRQ) with late entries, early entries, and TRQ overfills assigned to the fiscal year in which they actually arrived. For 2007/08, includes shortfall of 70,000 tons. 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ Does not include Mexico TRQ imports. For 2005/06, other high-tier (30) and other (56). For 2006/07, other high-tier (0) and other (0). For 2007/08, other high-tier (0) and other (5). 6/ Transfers to sugar-containing products for reexport, and for nonedible alcohol and feed. 7/ Includes SMD miscellaneous uses and the difference between SMD imports and WASDE imports. WASDE-450-17 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :=============================== : : Est. : August September =============================================================================== : Million acres Area : Planted : 14.25 15.27 11.06 10.85 Harvested : 13.80 12.73 10.64 10.54 : : Pounds Yield per harvested : acre : 831 814 783 811 : : Million 480 pound bales : Beginning stocks 2/ : 5.50 6.05 9.70 9.70 Production : 23.89 21.59 17.35 17.81 Imports : 0.03 0.02 0.02 0.02 Supply, total : 29.41 27.66 27.07 27.53 Domestic use : 5.87 4.95 4.60 4.60 Exports : 18.04 13.00 16.70 16.70 Use, total : 23.91 17.95 21.30 21.30 Unaccounted 3/ : -0.55 0.01 -0.03 0.03 Ending stocks : 6.05 9.70 5.80 6.20 : Avg. farm price 4/ : 47.7 47.3 5/ 5/ =============================================================================== Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Based on Bureau of Census data. 3/ Reflects the difference between the previous season's supply less total use and ending stocks based on Bureau of Census data. 4/ Cents per pound for upland cotton. 5/ Average price for August 2006-July 2007. USDA is prohibited by law from publishing cotton price projections. =============================================================================== Notes: Public Law 106-78, signed October 22, 1999, requires the Secretary of Agriculture to estimate and report the U.S. upland cotton season-ending stocks-to-use ratio, excluding projected raw cotton imports but including the quantity of raw cotton imports that has been imported during the marketing year. Pursuant to this requirement, the estimated ratio for 2007/08 is 29.9 percent. A table including detail for upland and extra long staple (ELS) cotton will be posted by noon on WASDE report release days at: http://www.usda.gov/oce/commodity/wasde/index.htm WASDE-450-18 World Wheat Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2005/06 : World 3/ : 151.01 622.64 109.72 111.90 624.49 115.44 149.16 United States : 14.70 57.28 2.21 4.35 31.36 27.29 15.55 Total foreign : 136.31 565.36 107.50 107.55 593.13 88.14 133.62 Major exporters 4/ : 42.66 199.00 7.12 71.72 148.09 57.37 43.32 Argentina : 0.55 14.50 0.01 0.08 5.00 9.56 0.50 Australia : 6.70 25.37 0.08 3.70 6.40 16.01 9.73 Canada : 7.92 26.78 0.28 4.97 9.17 16.10 9.71 EU-27 5/ : 27.49 132.36 6.76 62.98 127.53 15.69 23.38 Major importers 6/ : 61.99 162.78 58.77 8.40 218.96 4.42 60.16 Brazil : 1.35 4.87 6.72 0.60 10.80 0.81 1.33 China : 38.82 97.45 1.02 3.50 101.00 1.40 34.89 Select. Mideast 7/ : 5.46 19.77 12.18 1.95 30.02 0.60 6.78 N. Africa 8/ : 10.52 15.18 18.56 0.30 33.51 0.23 10.51 Pakistan : 2.25 21.61 0.95 0.40 21.50 0.05 3.26 Southeast Asia 9/ : 2.05 0.00 10.33 1.23 10.00 0.38 2.00 Selected other : India : 4.10 68.64 0.03 0.30 69.97 0.80 2.00 FSU-12 : 14.05 91.93 4.73 23.11 75.23 20.31 15.17 Russia : 3.89 47.70 1.28 14.90 38.40 10.66 3.81 Kazakhstan : 3.64 11.00 0.04 2.70 7.40 3.00 4.28 Ukraine : 2.61 18.70 0.07 2.90 12.50 6.46 2.41 : : 2006/07 (Estimated) : World 3/ : 149.16 593.07 110.64 106.26 617.15 107.96 125.08 United States : 15.55 49.32 3.32 3.51 31.05 24.73 12.40 Total foreign : 133.62 543.75 107.33 102.75 586.10 83.23 112.68 Major exporters 4/ : 43.32 175.16 5.89 70.08 147.25 52.20 24.92 Argentina : 0.50 15.20 0.01 0.08 4.90 10.50 0.31 Australia : 9.73 9.90 0.09 4.80 7.50 9.00 3.21 Canada : 9.71 25.27 0.30 4.80 9.15 19.20 6.92 EU-27 5/ : 23.38 124.80 5.50 60.40 125.70 13.50 14.48 Major importers 6/ : 60.16 170.67 53.92 7.85 219.39 5.18 60.18 Brazil : 1.33 2.23 7.75 0.20 10.50 0.04 0.78 China : 34.89 104.00 0.45 4.00 101.00 2.78 35.56 Select. Mideast 7/ : 6.78 20.13 9.99 1.65 29.81 0.55 6.53 N. Africa 8/ : 10.51 18.53 15.65 0.30 34.03 0.22 10.44 Pakistan : 3.26 21.70 0.14 0.40 21.90 0.20 3.00 Southeast Asia 9/ : 2.00 0.00 10.60 0.90 9.96 0.42 2.23 Selected other : India : 2.00 69.35 6.70 0.30 74.35 0.20 3.50 FSU-12 : 15.17 85.94 5.23 21.51 73.45 20.28 12.62 Russia : 3.81 44.90 1.20 14.10 36.60 10.70 2.61 Kazakhstan : 4.28 13.50 0.02 2.70 7.80 6.00 4.00 Ukraine : 2.41 14.00 0.10 2.10 11.70 3.37 1.45 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the EU-27. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-450-19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2007/08 (Projected) World 3/ : August : 124.90 610.40 105.92 102.69 620.51 108.75 114.78 September : 125.08 606.24 104.11 101.20 618.96 106.91 112.36 United States : August : 12.40 57.53 2.72 4.90 32.41 29.26 10.99 September : 12.40 57.53 2.31 4.63 32.47 29.94 9.84 Total foreign : August : 112.49 552.86 103.20 97.80 588.10 79.49 103.79 September : 112.68 548.71 101.80 96.57 586.49 76.98 102.52 Major exporters 4/ : August : 24.91 183.43 6.85 65.98 143.40 51.00 20.79 September : 24.92 177.13 6.85 64.78 141.65 47.50 19.75 Argentina Aug : 0.31 14.00 0.00 0.08 4.90 9.00 0.41 Sep : 0.31 14.00 0.00 0.08 4.90 9.00 0.41 Australia Aug : 3.20 23.00 0.08 4.00 6.70 15.50 4.08 Sep : 3.21 21.00 0.08 4.00 6.70 14.00 3.59 Canada Aug : 6.92 21.50 0.28 4.40 8.90 15.00 4.80 Sep : 6.92 20.30 0.28 4.30 8.75 14.00 4.75 EU-27 5/ Aug : 14.48 124.93 6.50 57.50 122.90 11.50 11.51 Sep : 14.48 121.83 6.50 56.40 121.30 10.50 11.01 Major importers 6/ : August : 59.61 169.77 53.40 7.09 219.50 5.22 58.06 September : 60.18 169.77 52.50 6.82 219.01 5.22 58.22 Brazil Aug : 0.73 3.60 6.80 0.10 10.40 0.01 0.72 Sep : 0.78 3.60 6.80 0.10 10.40 0.01 0.77 China Aug : 35.56 105.00 0.50 4.00 100.50 2.50 38.06 Sep : 35.56 105.00 0.50 4.00 100.50 2.50 38.06 Sel. Mideast 7/Aug : 6.48 20.27 9.65 1.10 29.64 0.55 6.22 Sep : 6.53 20.27 8.95 0.90 28.94 0.55 6.27 N. Africa 8/ Aug : 10.19 13.78 16.95 0.15 34.18 0.16 6.59 Sep : 10.44 13.78 16.75 0.15 34.28 0.16 6.53 Pakistan Aug : 2.96 23.00 0.15 0.40 22.40 0.60 3.11 Sep : 3.00 23.00 0.15 0.40 22.40 0.60 3.15 SE Asia 9/ Aug : 2.11 0.00 10.25 0.94 10.15 0.43 1.79 Sep : 2.23 0.00 10.25 0.92 10.25 0.43 1.80 Selected other : India Aug : 3.50 74.89 3.00 0.20 75.85 0.05 5.49 Sep : 3.50 74.89 3.00 0.20 75.85 0.05 5.49 FSU-12 Aug : 13.22 85.54 4.35 21.48 72.60 19.15 11.37 Sep : 12.62 87.74 4.55 21.73 73.72 20.15 11.04 Russia Aug : 2.61 45.50 1.20 14.20 36.20 11.00 2.11 Sep : 2.61 47.00 1.20 14.20 36.70 12.00 2.11 Kazakhstan Aug : 4.00 14.00 0.02 2.70 7.80 6.50 3.72 Sep : 4.00 14.00 0.02 2.70 7.80 6.50 3.72 Ukraine Aug : 2.31 13.30 0.01 2.30 11.90 1.50 2.22 Sep : 1.45 13.50 0.01 2.30 11.90 1.50 1.56 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the EU-27. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-450-20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2005/06 : World 3/ : 177.90 978.30 104.45 635.96 992.49 107.02 163.70 United States : 58.80 298.76 2.05 163.33 245.07 59.77 54.77 Total foreign : 119.10 679.53 102.39 472.62 747.41 47.25 108.94 Major exporters 4/ : 13.63 66.14 3.09 36.26 49.17 20.26 13.44 Argentina : 1.56 19.22 0.06 6.81 9.37 10.02 1.46 Australia : 2.30 13.67 0.00 5.89 7.17 5.59 3.21 Canada : 6.34 25.94 1.99 19.35 23.86 4.08 6.33 Major importers 5/ : 47.57 216.52 77.49 218.30 293.31 5.65 42.62 EU-27 6/ : 25.02 146.74 2.78 109.42 147.54 4.36 22.64 Japan : 1.88 0.19 19.77 15.06 20.09 0.00 1.74 Mexico : 5.40 25.83 9.90 21.19 37.59 0.21 3.34 N. Afr & Mideast 7/: 8.62 26.61 18.84 38.90 45.80 0.89 7.38 Saudi Arabia : 2.71 0.20 8.52 8.00 8.19 0.00 3.25 Southeast Asia 8/ : 1.69 16.55 4.41 14.57 20.33 0.20 2.13 South Korea : 1.38 0.34 8.55 6.56 8.91 0.00 1.36 Selected other : Brazil : 4.38 44.17 1.36 35.01 42.22 4.52 3.17 China : 37.02 147.70 2.31 103.12 147.46 3.76 35.81 FSU-12 : 7.26 55.17 1.09 33.61 49.58 8.47 5.47 Russia : 2.67 27.60 0.54 17.65 27.70 1.78 1.33 Ukraine : 2.67 18.14 0.07 8.45 11.99 6.50 2.40 : : 2006/07 (Estimated) : World 3/ : 163.70 979.94 109.40 631.20 1012.89 113.38 130.75 United States : 54.77 280.11 2.48 152.23 246.98 58.14 32.24 Total foreign : 108.94 699.83 106.93 478.97 765.92 55.24 98.52 Major exporters 4/ : 13.44 63.57 3.40 35.46 49.40 23.71 7.29 Argentina : 1.46 27.54 0.00 7.41 10.12 17.21 1.67 Australia : 3.21 5.76 0.00 4.56 5.79 2.13 1.04 Canada : 6.33 23.15 2.07 18.93 24.09 3.85 3.61 Major importers 5/ : 42.62 212.56 83.01 218.01 293.82 5.36 39.00 EU-27 6/ : 22.64 138.69 6.57 106.51 145.01 4.66 18.23 Japan : 1.74 0.18 19.69 14.86 19.79 0.00 1.82 Mexico : 3.34 28.73 11.00 22.88 39.38 0.00 3.69 N. Afr & Mideast 7/: 7.38 27.49 20.56 39.82 47.08 0.30 8.05 Saudi Arabia : 3.25 0.20 7.30 7.63 7.81 0.00 2.94 Southeast Asia 8/ : 2.13 16.90 4.06 14.76 20.52 0.41 2.15 South Korea : 1.36 0.33 9.29 7.25 9.65 0.00 1.32 Selected other : Brazil : 3.17 53.17 1.01 36.88 44.03 9.53 3.79 China : 35.81 153.56 1.43 104.69 152.82 4.90 33.08 FSU-12 : 5.47 58.55 0.76 35.44 51.01 8.29 5.48 Russia : 1.33 30.20 0.40 18.60 28.60 1.70 1.63 Ukraine : 2.40 19.18 0.03 9.95 13.38 5.90 2.33 =============================================================================== 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and South Africa. 5/ The EU-27, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-450-21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2007/08 (Projected) World 3/ : August : 129.89 1059.83 109.03 643.38 1058.85 108.93 130.86 September : 130.75 1061.76 112.79 648.18 1060.27 112.29 132.24 United States : August : 32.11 350.14 2.64 154.19 282.21 60.16 42.52 September : 32.24 357.10 2.72 156.99 282.22 63.32 46.52 Total foreign : August : 97.78 709.69 106.39 489.19 776.64 48.77 88.35 September : 98.52 704.65 110.07 491.18 778.05 48.97 85.72 Major exporters 4/ : August : 7.09 80.19 2.05 37.43 52.45 27.02 9.86 September : 7.29 78.31 2.15 37.09 52.21 27.12 8.42 Argentina Aug : 1.67 28.97 0.00 8.11 10.87 17.31 2.47 Sep : 1.67 27.47 0.00 7.71 10.47 17.31 1.37 Australia Aug : 1.04 12.81 0.00 5.47 6.75 5.44 1.66 Sep : 1.04 11.81 0.00 5.47 6.75 4.94 1.16 Canada Aug : 3.61 27.44 1.67 19.24 25.36 3.50 3.86 Sep : 3.61 28.10 1.77 19.35 25.56 4.10 3.81 Major importers 5/ : August : 37.43 211.72 84.55 224.03 300.76 4.45 28.49 September : 39.00 207.89 88.12 225.61 302.24 4.45 28.33 EU-27 6/ Aug : 18.33 138.17 7.47 108.66 148.06 4.11 11.79 Sep : 18.23 134.98 10.22 109.74 149.04 4.11 10.28 Japan Aug : 1.32 0.17 18.89 14.41 19.24 0.00 1.14 Sep : 1.82 0.17 18.89 14.41 19.24 0.00 1.64 Mexico Aug : 3.39 29.38 13.30 25.98 42.68 0.03 3.36 Sep : 3.69 29.58 13.30 25.98 42.68 0.03 3.86 N Afr/M.East 7/Aug : 7.08 26.25 19.68 40.22 47.31 0.05 5.65 Sep : 8.05 25.45 20.50 40.72 47.81 0.05 6.15 Saudi Arabia Aug : 2.94 0.20 7.40 7.73 7.91 0.00 2.63 Sep : 2.94 0.20 7.40 7.73 7.91 0.00 2.63 S.-east Asia 8/Aug : 2.25 17.17 4.21 15.56 21.42 0.26 1.95 Sep : 2.15 17.12 4.21 15.56 21.42 0.26 1.80 South Korea Aug : 1.32 0.32 9.17 7.15 9.53 0.00 1.28 Sep : 1.32 0.32 9.17 7.15 9.53 0.00 1.28 Selected other : Brazil Aug : 4.50 52.86 0.56 37.78 45.01 7.03 5.88 Sep : 3.79 53.86 0.56 37.78 45.01 7.03 6.17 China Aug : 33.38 156.40 1.93 106.71 158.25 3.04 30.42 Sep : 33.08 155.40 1.93 106.71 158.25 3.04 29.12 FSU-12 Aug : 5.48 52.50 0.71 34.55 49.78 4.90 4.00 Sep : 5.48 53.29 0.71 35.26 50.37 5.00 4.11 Russia Aug : 1.63 29.80 0.43 18.55 28.53 1.70 1.63 Sep : 1.63 30.15 0.43 19.00 28.88 1.70 1.63 Ukraine Aug : 2.33 14.05 0.02 9.60 12.65 2.51 1.24 Sep : 2.33 14.05 0.02 9.60 12.65 2.51 1.24 =============================================================================== 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and South Africa. 5/ The EU-27, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-450-22 World Corn Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2005/06 : World 3/ : 130.76 696.16 79.41 476.31 704.02 80.89 122.90 United States : 53.70 282.31 0.22 156.34 232.06 54.20 49.97 Total foreign : 77.06 413.85 79.18 319.97 471.96 26.69 72.93 Major exporters 4/ : 4.15 22.74 1.00 8.40 14.40 10.01 3.46 Argentina : 0.96 15.80 0.06 4.40 6.20 9.46 1.16 South Africa : 3.19 6.94 0.93 4.00 8.20 0.55 2.31 Major importers 5/ : 17.99 103.16 47.86 105.16 149.70 0.83 18.47 Egypt : 0.42 5.93 4.40 8.30 10.10 0.00 0.65 EU-27 6/ : 8.10 61.15 2.63 47.00 61.50 0.45 9.93 Japan : 1.03 0.00 16.62 12.00 16.70 0.00 0.95 Mexico : 4.53 19.50 6.79 12.40 27.90 0.21 2.71 Southeast Asia 7/ : 1.66 16.46 4.40 14.50 20.25 0.17 2.10 South Korea : 1.38 0.07 8.48 6.51 8.58 0.00 1.36 Selected other : Brazil : 4.19 41.70 1.15 33.00 39.50 4.52 3.02 Canada : 1.80 9.36 1.93 8.55 10.84 0.25 2.00 China : 36.56 139.36 0.06 101.00 137.00 3.73 35.26 FSU-12 : 2.17 13.15 0.63 10.12 11.76 2.55 1.63 Ukraine : 1.32 7.15 0.01 4.40 5.10 2.46 0.92 : : 2006/07 (Estimated) : World 3/ : 122.90 703.30 87.10 474.31 725.24 90.11 100.96 United States : 49.97 267.60 0.25 146.06 234.96 53.85 29.01 Total foreign : 72.93 435.71 86.85 328.25 490.28 36.26 71.95 Major exporters 4/ : 3.46 29.20 1.20 9.10 15.50 16.30 2.06 Argentina : 1.16 22.50 0.00 4.80 6.70 15.80 1.16 South Africa : 2.31 6.70 1.20 4.30 8.80 0.50 0.91 Major importers 5/ : 18.47 100.04 53.35 106.20 151.07 0.88 19.90 Egypt : 0.65 5.94 4.60 8.50 10.50 0.00 0.69 EU-27 6/ : 9.93 55.19 5.60 45.00 59.60 0.50 10.62 Japan : 0.95 0.00 16.70 11.90 16.50 0.00 1.15 Mexico : 2.71 22.00 8.80 14.70 30.30 0.00 3.21 Southeast Asia 7/ : 2.10 16.81 4.05 14.70 20.45 0.38 2.13 South Korea : 1.36 0.07 9.20 7.20 9.30 0.00 1.32 Selected other : Brazil : 3.02 51.00 0.65 35.00 41.50 9.50 3.67 Canada : 2.00 8.99 2.00 8.30 11.20 0.30 1.49 China : 35.26 145.00 0.10 103.00 143.00 4.80 32.56 FSU-12 : 1.63 12.70 0.35 10.24 11.85 1.13 1.70 Ukraine : 0.92 6.40 0.00 4.50 5.25 1.00 1.07 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina and South Africa. 5/ Egypt, the EU-27, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-450-23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2007/08 (Projected) World 3/ : August : 100.20 771.50 85.33 483.25 769.48 86.01 102.23 September : 100.96 774.10 87.93 486.06 769.62 88.55 105.44 United States : August : 28.88 331.58 0.38 146.06 267.73 54.61 38.50 September : 29.01 338.04 0.38 148.60 267.73 57.15 42.55 Total foreign : August : 71.32 439.92 84.95 337.19 501.75 31.40 63.73 September : 71.95 436.07 87.55 337.47 501.90 31.40 62.89 Major exporters 4/ : August : 1.86 34.50 0.25 9.55 16.00 16.75 3.86 September : 2.06 33.00 0.25 9.15 15.60 16.75 2.96 Argentina Aug : 1.16 24.00 0.00 5.20 7.10 16.00 2.06 Sep : 1.16 22.50 0.00 4.80 6.70 16.00 0.96 South Africa Aug : 0.71 10.50 0.25 4.35 8.90 0.75 1.81 Sep : 0.91 10.50 0.25 4.35 8.90 0.75 2.01 Major importers 5/ : August : 19.30 94.78 54.40 110.40 155.98 0.56 11.94 September : 19.90 93.24 56.40 111.10 156.68 0.56 12.31 Egypt Aug : 0.69 5.98 4.50 8.60 10.70 0.00 0.47 Sep : 0.69 5.98 4.50 8.60 10.70 0.00 0.47 EU-27 6/ Aug : 10.72 48.43 6.00 45.80 60.80 0.30 4.05 Sep : 10.62 46.94 8.00 46.50 61.50 0.30 3.76 Japan Aug : 0.65 0.00 16.10 11.70 16.20 0.00 0.55 Sep : 1.15 0.00 16.10 11.70 16.20 0.00 1.05 Mexico Aug : 2.91 23.20 10.20 17.50 33.30 0.03 2.98 Sep : 3.21 23.20 10.20 17.50 33.30 0.03 3.28 S.-east Asia 7/Aug : 2.22 17.08 4.20 15.50 21.35 0.24 1.92 Sep : 2.13 17.03 4.20 15.50 21.35 0.24 1.77 South Korea Aug : 1.32 0.06 9.10 7.10 9.20 0.00 1.28 Sep : 1.32 0.06 9.10 7.10 9.20 0.00 1.28 Selected other : Brazil Aug : 4.37 50.00 0.30 35.50 42.00 7.00 5.67 Sep : 3.67 51.00 0.30 35.50 42.00 7.00 5.97 Canada Aug : 1.44 11.20 1.60 8.70 12.60 0.20 1.44 Sep : 1.49 10.57 1.70 8.20 12.10 0.20 1.46 China Aug : 32.86 148.00 0.10 105.00 148.00 3.00 29.96 Sep : 32.56 147.00 0.10 105.00 148.00 3.00 28.66 FSU-12 Aug : 1.70 12.18 0.40 10.34 11.77 1.63 0.88 Sep : 1.70 12.11 0.40 10.26 11.70 1.63 0.88 Ukraine Aug : 1.07 6.50 0.00 5.00 5.60 1.50 0.47 Sep : 1.07 6.50 0.00 5.00 5.60 1.50 0.47 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina and South Africa. 5/ Egypt, the EU-27, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-450-24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total 2/: : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2005/06 World 3/ : 74.93 418.06 26.15 415.53 30.15 77.45 United States : 1.21 7.11 0.54 3.84 3.66 1.37 Total foreign : 73.72 410.94 25.60 411.69 26.49 76.08 Major exporters 4/ : 12.41 138.31 0.36 114.92 20.43 15.73 India : 8.50 91.79 0.01 85.09 4.69 10.52 Pakistan : 0.31 5.55 0.00 1.90 3.66 0.30 Thailand : 2.31 18.20 0.00 9.54 7.38 3.59 Vietnam : 1.29 22.77 0.35 18.39 4.71 1.32 Major importers 5/ : 12.98 60.16 10.79 69.82 0.50 13.60 Brazil : 1.75 7.87 0.75 8.97 0.28 1.11 EU-27 6/ : 1.14 1.74 1.13 2.65 0.16 1.19 Indonesia : 3.45 34.96 0.54 35.74 0.00 3.21 Nigeria : 0.42 2.70 1.78 4.35 0.00 0.55 Philippines : 4.57 9.82 1.62 10.72 0.00 5.29 Sel. Mideast 7/ : 1.46 2.52 3.91 5.74 0.06 2.09 Selected other : Burma : 0.71 10.44 0.00 10.40 0.05 0.70 C. Amer & Carib 8/ : 0.13 0.07 0.48 0.48 0.00 0.20 China : 38.93 126.41 0.65 128.00 1.22 36.78 Egypt : 0.50 4.14 0.03 3.28 0.96 0.43 Japan : 1.92 8.26 0.67 8.25 0.20 2.40 Mexico : 0.17 0.18 0.58 0.78 0.00 0.16 South Korea : 0.82 4.77 0.22 4.77 0.22 0.82 : : 2006/07 (Estimated) World 3/ : 77.45 418.16 28.63 418.43 29.34 77.19 United States : 1.37 6.24 0.65 4.05 2.94 1.27 Total foreign : 76.08 411.92 27.98 414.38 26.40 75.92 Major exporters 4/ : 15.73 138.91 0.46 117.86 20.90 16.34 India : 10.52 92.76 0.00 87.35 4.50 11.43 Pakistan : 0.30 5.20 0.00 2.14 3.10 0.26 Thailand : 3.59 18.25 0.01 9.87 8.60 3.38 Vietnam : 1.32 22.70 0.45 18.50 4.70 1.27 Major importers 5/ : 13.60 58.89 11.91 70.48 0.35 13.57 Brazil : 1.11 7.70 0.85 8.95 0.15 0.56 EU-27 6/ : 1.19 1.69 1.10 2.70 0.15 1.13 Indonesia : 3.21 33.30 1.90 35.55 0.00 2.86 Nigeria : 0.55 2.90 1.60 4.45 0.00 0.60 Philippines : 5.29 10.09 1.80 11.55 0.00 5.63 Sel. Mideast 7/ : 2.09 2.62 3.55 5.57 0.05 2.64 Selected other : Burma : 0.70 10.60 0.00 10.50 0.10 0.70 C. Amer & Carib 8/ : 0.20 0.07 0.45 0.50 0.00 0.22 China : 36.78 128.00 0.70 127.80 1.40 36.28 Egypt : 0.43 4.38 0.10 3.30 1.00 0.62 Japan : 2.40 7.79 0.65 8.25 0.20 2.38 Mexico : 0.16 0.23 0.60 0.80 0.00 0.18 South Korea : 0.82 4.68 0.27 4.88 0.16 0.72 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-27. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. WASDE-450-25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total 2/: : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2007/08 (Projected) World 3/ : August : 77.41 421.19 27.68 424.77 29.84 73.83 September : 77.19 418.49 27.65 424.69 29.78 70.99 United States : August : 1.35 6.09 0.68 3.99 3.26 0.87 September : 1.27 6.13 0.65 3.99 3.20 0.86 Total foreign : August : 76.06 415.10 26.99 420.78 26.58 72.96 September : 75.92 412.35 26.99 420.69 26.58 70.12 Major exporters 4/ : August : 16.34 138.69 0.46 119.58 21.00 14.91 September : 16.34 138.69 0.46 119.58 21.00 14.91 India Aug : 11.43 92.00 0.00 89.12 4.10 10.21 Sep : 11.43 92.00 0.00 89.12 4.10 10.21 Pakistan Aug : 0.26 5.30 0.00 2.11 3.20 0.25 Sep : 0.26 5.30 0.00 2.11 3.20 0.25 Thailand Aug : 3.38 18.40 0.01 9.60 9.00 3.19 Sep : 3.38 18.40 0.01 9.60 9.00 3.19 Vietnam Aug : 1.27 22.99 0.45 18.75 4.70 1.26 Sep : 1.27 22.99 0.45 18.75 4.70 1.26 Major importers 5/ : August : 13.57 59.72 11.38 72.04 0.27 12.35 September : 13.57 59.75 11.38 72.08 0.27 12.36 Brazil Aug : 0.59 7.85 0.95 8.90 0.10 0.39 Sep : 0.56 7.85 0.95 8.90 0.10 0.36 EU-27 6/ Aug : 1.13 1.66 1.10 2.75 0.15 0.99 Sep : 1.13 1.65 1.10 2.75 0.15 0.99 Indonesia Aug : 2.86 34.00 1.60 36.15 0.00 2.31 Sep : 2.86 34.00 1.60 36.15 0.00 2.31 Nigeria Aug : 0.60 3.00 1.70 4.70 0.00 0.60 Sep : 0.60 3.00 1.70 4.70 0.00 0.60 Philippines Aug : 5.59 10.01 1.80 12.06 0.00 5.34 Sep : 5.63 10.01 1.80 12.06 0.00 5.38 Sel. Mideast 7/Aug : 2.64 2.65 3.16 5.86 0.02 2.57 Sep : 2.64 2.69 3.16 5.90 0.02 2.57 Selected other : Burma Aug : 0.70 10.66 0.00 10.70 0.10 0.56 Sep : 0.70 10.66 0.00 10.70 0.10 0.56 C. Am & Car. 8/Aug : 0.22 0.07 0.40 0.49 0.00 0.19 Sep : 0.22 0.07 0.40 0.49 0.00 0.19 China Aug : 36.28 129.70 0.90 129.10 1.50 36.28 Sep : 36.28 127.00 0.90 129.10 1.50 33.58 Egypt Aug : 0.62 4.41 0.00 3.47 1.10 0.45 Sep : 0.62 4.41 0.00 3.47 1.10 0.45 Japan Aug : 2.38 7.94 0.70 8.15 0.20 2.67 Sep : 2.38 7.94 0.70 8.15 0.20 2.67 Mexico Aug : 0.18 0.20 0.63 0.80 0.00 0.20 Sep : 0.18 0.20 0.63 0.80 0.00 0.20 South Korea Aug : 0.87 4.60 0.27 4.76 0.15 0.82 Sep : 0.72 4.60 0.27 4.75 0.15 0.68 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, the EU-27. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. WASDE-450-26 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2005/06 : World : 56.21 115.73 44.06 116.36 44.69 -2.79 57.75 United States : 5.50 23.89 0.03 5.87 18.04 -0.55 6.05 Total foreign : 50.72 91.84 44.04 110.49 26.65 -2.24 51.70 Major exporters 4/ : 22.43 43.71 1.54 25.44 22.14 -0.24 20.35 Central Asia 5/ : 2.36 8.37 3/ 1.46 7.00 0.00 2.28 Afr. Fr. Zone 6/ : 1.87 4.24 3/ 0.19 4.44 0.00 1.48 S. Hemis. 7/ : 7.99 8.94 0.61 5.51 5.55 -0.25 6.75 Australia : 1.96 2.80 3/ 0.06 2.88 -0.12 1.94 Brazil : 5.03 4.70 0.31 4.40 1.97 -0.15 3.82 India : 8.76 19.05 0.40 16.50 3.45 0.00 8.26 Major importers 8/ : 25.85 44.57 40.05 80.50 2.83 -2.01 29.15 Mexico : 1.32 0.64 1.74 2.10 0.25 0.03 1.32 China : 14.06 27.50 19.28 45.00 0.04 -2.20 18.01 EU-27 9/ : 1.16 2.51 2.31 2.72 2.00 0.06 1.20 Russia : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Turkey : 1.79 3.55 3.38 6.90 0.13 0.00 1.70 Pakistan : 4.70 10.17 1.62 11.75 0.29 0.03 4.41 Indonesia : 0.38 0.03 2.20 2.18 0.02 0.05 0.37 Thailand : 0.63 0.06 1.89 2.15 0.01 0.03 0.40 Bangladesh : 0.38 0.07 2.21 2.20 0.00 0.01 0.46 : : 2006/07 (Estimated) : World : 57.75 119.15 36.74 123.22 37.41 -3.78 56.79 United States : 6.05 21.59 0.02 4.95 13.00 0.01 9.70 Total foreign : 51.70 97.56 36.72 118.27 24.41 -3.79 47.09 Major exporters 4/ : 20.35 45.55 1.85 27.75 20.72 -0.19 19.47 Central Asia 5/ : 2.28 8.25 3/ 1.45 6.79 0.00 2.29 Afr. Fr. Zone 6/ : 1.48 3.69 3/ 0.19 3.85 0.00 1.13 S. Hemis. 7/ : 6.75 9.62 0.90 5.71 4.09 -0.20 7.67 Australia : 1.94 1.10 3/ 0.06 2.13 -0.07 0.93 Brazil : 3.82 7.00 0.52 4.50 1.30 -0.15 5.68 India : 8.26 21.80 0.40 18.60 4.90 0.00 6.96 Major importers 8/ : 29.15 48.88 32.29 86.04 2.29 -3.61 25.61 Mexico : 1.32 0.65 1.30 2.10 0.18 0.03 0.97 China : 18.01 32.50 10.59 50.00 0.09 -3.80 14.81 EU-27 9/ : 1.20 1.61 2.05 2.39 1.58 0.06 0.84 Russia : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Turkey : 1.70 4.02 3.93 7.40 0.08 0.00 2.17 Pakistan : 4.41 9.90 2.30 12.00 0.26 0.03 4.33 Indonesia : 0.37 0.03 2.20 2.18 0.02 0.05 0.35 Thailand : 0.40 0.05 1.95 2.00 0.00 0.03 0.37 Bangladesh : 0.46 0.07 2.40 2.40 0.00 0.01 0.52 =============================================================================== 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, South Korea, Taiwan, and Vietnam. 9/ Includes intra-EU trade. WASDE-450-27 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2007/08 (Projected) World : August : 57.86 115.92 41.06 127.78 40.58 -5.03 51.52 September : 56.79 117.18 40.08 127.78 39.70 -4.97 51.56 United States : August : 9.70 17.35 0.02 4.60 16.70 -0.03 5.80 September : 9.70 17.81 0.02 4.60 16.70 0.03 6.20 Total foreign : August : 48.16 98.57 41.04 123.18 23.88 -5.00 45.72 September : 47.09 99.37 40.06 123.18 23.00 -5.00 45.36 Major exporters 4/ : August : 20.08 46.31 1.75 29.12 20.27 -0.19 18.93 September : 19.47 46.66 1.75 29.44 19.44 -0.19 19.18 Central Asia 5/Aug : 2.29 8.34 3/ 1.39 6.99 0.00 2.26 Sep : 2.29 8.34 3/ 1.46 6.89 0.00 2.28 Afr. Fr. Zn. 6/Aug : 1.15 3.45 3/ 0.19 3.46 0.00 0.94 Sep : 1.13 3.02 3/ 0.19 3.06 0.00 0.91 S. Hemis 7/ Aug : 7.71 8.68 0.80 5.75 4.78 -0.20 6.87 Sep : 7.67 9.18 0.80 5.75 4.38 -0.20 7.73 Australia Aug : 0.91 0.90 3/ 0.05 1.20 -0.07 0.63 Sep : 0.93 0.80 3/ 0.05 1.10 -0.07 0.65 Brazil Aug : 5.72 6.20 0.40 4.50 2.90 -0.15 5.07 Sep : 5.68 6.80 0.40 4.50 2.60 -0.15 5.93 India Aug : 7.51 23.00 0.40 20.00 3.60 0.00 7.31 Sep : 6.96 23.50 0.40 20.25 3.80 0.00 6.81 Major importers 8/ : August : 26.06 48.92 36.83 89.66 2.14 -4.82 24.83 September : 25.61 49.37 35.85 89.33 2.09 -4.82 24.22 Mexico Aug : 1.07 0.68 1.50 2.05 0.20 0.03 0.98 Sep : 0.97 0.68 1.50 2.05 0.20 0.03 0.88 China Aug : 15.02 32.50 16.00 54.00 0.05 -5.00 14.47 Sep : 14.81 32.50 15.00 53.50 0.05 -5.00 13.76 EU-27 9/ Aug : 0.84 1.54 1.89 2.16 1.39 0.05 0.67 Sep : 0.84 1.54 1.89 2.16 1.34 0.05 0.72 Russia Aug : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Sep : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Turkey Aug : 2.04 3.60 3.50 7.30 0.08 0.00 1.76 Sep : 2.17 3.45 3.65 7.30 0.08 0.00 1.89 Pakistan Aug : 4.44 10.40 1.80 12.00 0.30 0.03 4.31 Sep : 4.33 11.00 1.70 12.20 0.30 0.03 4.50 Indonesia Aug : 0.35 0.03 2.25 2.20 0.02 0.05 0.36 Sep : 0.35 0.03 2.25 2.20 0.02 0.05 0.36 Thailand Aug : 0.47 0.04 1.90 1.95 0.00 0.03 0.44 Sep : 0.37 0.04 1.90 1.95 0.00 0.03 0.34 Bangladesh Aug : 0.52 0.07 2.45 2.50 0.00 0.01 0.54 Sep : 0.52 0.07 2.45 2.50 0.00 0.01 0.54 =============================================================================== 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, South Korea, Taiwan, and Vietnam. 9/ Includes intra-EU trade. WASDE-450-28 World Soybean Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : : :stocks :Beginning:Produc-: : Domestic : : : stocks : tion :Imports: Crush : Total :Exports: =============================================================================== : : 2005/06 World 2/ : 47.47 220.56 64.14 185.11 215.26 63.97 52.93 United States : 6.96 83.37 0.09 47.32 52.61 25.58 12.23 Total foreign : 40.51 137.19 64.05 137.79 162.65 38.39 40.70 Major exporters 3/ : 32.91 101.14 0.66 61.39 65.87 35.63 33.21 Argentina : 15.98 40.50 0.58 31.89 33.34 7.25 16.47 Brazil : 16.75 57.00 0.06 28.29 31.17 25.91 16.73 Major importers 4/ : 6.40 18.99 53.16 56.66 72.20 0.42 5.94 China : 4.70 16.35 28.32 34.50 44.54 0.35 4.47 EU-27 : 0.88 1.17 13.95 13.53 14.99 0.05 0.97 Japan : 0.26 0.23 3.96 2.82 4.19 0.00 0.25 Mexico : 0.05 0.19 3.67 3.82 3.86 0.00 0.04 : : 2006/07 (Estimated) World 2/ : 52.93 236.04 68.16 193.59 223.71 70.35 63.07 United States : 12.23 86.77 0.23 49.12 53.78 30.35 15.10 Total foreign : 40.70 149.27 67.93 144.47 169.93 40.01 47.97 Major exporters 3/ : 33.21 112.70 1.76 64.35 68.93 36.70 42.04 Argentina : 16.47 47.20 1.70 33.20 34.70 7.70 22.98 Brazil : 16.73 59.00 0.05 29.70 32.65 24.10 19.04 Major importers 4/ : 5.94 18.77 55.53 59.31 75.11 0.47 4.66 China : 4.47 16.20 28.75 35.70 45.83 0.41 3.18 EU-27 : 0.97 1.24 15.00 14.71 16.18 0.05 0.99 Japan : 0.25 0.23 4.10 2.93 4.31 0.00 0.27 Mexico : 0.04 0.08 3.93 3.97 4.01 0.00 0.04 : : 2007/08 (Projected) World 2/ : August : 64.52 221.62 74.09 202.80 233.21 75.38 51.63 September : 63.07 221.27 74.94 203.47 233.94 74.99 50.35 United States : August : 15.66 71.45 0.11 48.99 53.47 27.76 5.99 September : 15.10 71.27 0.16 49.67 54.14 26.54 5.86 Total foreign : August : 48.86 150.17 73.98 153.82 179.75 47.62 45.64 September : 47.97 150.00 74.78 153.80 179.80 48.45 44.49 Major exporters 3/ : August : 42.11 114.20 1.87 69.27 73.97 44.49 39.72 September : 42.04 114.20 1.87 69.27 73.97 45.49 38.65 Argentina Aug : 23.55 47.00 1.80 38.50 40.08 10.20 22.07 Sep : 22.98 47.00 1.80 38.50 40.08 10.20 21.50 Brazil Aug : 18.54 61.00 0.06 29.30 32.28 29.69 17.63 Sep : 19.04 61.00 0.06 29.30 32.28 30.69 17.13 Major importers 4/ : August : 5.46 17.57 60.64 62.67 78.67 0.42 4.58 September : 4.66 17.55 61.44 62.64 78.65 0.42 4.58 China Aug : 3.18 15.20 33.50 38.20 48.45 0.35 3.08 Sep : 3.18 15.20 33.50 38.20 48.45 0.35 3.08 EU-27 Aug : 1.79 1.05 14.88 15.30 16.75 0.05 0.92 Sep : 0.99 1.02 15.68 15.27 16.72 0.05 0.92 Japan Aug : 0.27 0.23 4.15 2.93 4.33 0.00 0.32 Sep : 0.27 0.23 4.15 2.93 4.33 0.00 0.32 Mexico Aug : 0.04 0.10 3.95 4.01 4.05 0.00 0.04 Sep : 0.04 0.10 3.95 4.01 4.05 0.00 0.04 =============================================================================== 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and Paraguay. 4/ Japan, China, and EU, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). WASDE-450-29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2005/06 World 2/ : 6.41 145.61 50.64 145.68 51.42 5.56 United States : 0.16 37.42 0.13 30.11 7.30 0.29 Total foreign : 6.26 108.20 50.51 115.57 44.12 5.28 Major exporters 3/ : 3.88 51.63 0.20 11.71 40.77 3.22 Argentina : 1.42 25.01 0.00 0.57 24.20 1.67 Brazil : 1.58 21.84 0.20 9.60 12.90 1.12 India : 0.88 4.77 0.00 1.55 3.68 0.43 Major importers 4/ : 1.20 39.27 29.44 67.76 1.09 1.06 EU-27 : 0.86 10.64 22.82 32.76 0.70 0.87 China : 0.00 27.30 0.84 27.78 0.36 0.00 : : 2006/07 (Estimated) World 2/ : 5.56 152.01 51.98 150.97 52.99 5.60 United States : 0.29 38.80 0.15 31.16 7.80 0.27 Total foreign : 5.28 113.21 51.83 119.81 45.18 5.32 Major exporters 3/ : 3.22 54.06 0.23 12.68 41.46 3.37 Argentina : 1.67 25.74 0.00 0.60 25.20 1.62 Brazil : 1.12 23.05 0.23 10.20 12.66 1.54 India : 0.43 5.27 0.00 1.89 3.60 0.21 Major importers 4/ : 1.06 41.16 29.32 69.14 1.34 1.06 EU-27 : 0.87 11.53 22.60 33.51 0.62 0.87 China : 0.00 28.25 0.15 27.72 0.69 0.00 : : 2007/08 (Projected) World 2/ : August : 5.13 159.79 55.61 159.12 56.03 5.38 September : 5.60 160.30 56.01 160.02 56.18 5.70 United States : August : 0.27 38.86 0.15 31.53 7.48 0.27 September : 0.27 39.36 0.15 32.02 7.48 0.27 Total foreign : August : 4.86 120.93 55.46 127.59 48.55 5.11 September : 5.32 120.94 55.86 128.00 48.70 5.42 Major exporters 3/ : August : 2.90 58.37 0.22 13.49 44.81 3.20 September : 3.37 58.40 0.22 13.51 44.96 3.52 Argentina Aug : 1.15 30.23 0.00 0.64 29.34 1.40 Sep : 1.62 30.23 0.00 0.64 29.49 1.72 Brazil Aug : 1.54 22.74 0.22 10.88 12.00 1.62 Sep : 1.54 22.74 0.22 10.88 12.00 1.62 India Aug : 0.21 5.41 0.00 1.98 3.47 0.18 Sep : 0.21 5.44 0.00 2.00 3.47 0.18 Major importers 4/ : August : 1.06 43.76 31.68 74.21 1.24 1.04 September : 1.06 43.76 32.08 74.61 1.24 1.04 EU-27 Aug : 0.87 12.00 24.20 35.56 0.65 0.86 Sep : 0.87 12.00 24.60 35.96 0.65 0.86 China Aug : 0.00 30.25 0.50 30.20 0.55 0.00 Sep : 0.00 30.25 0.50 30.20 0.55 0.00 =============================================================================== 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ Eastern Europe, China, EU, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). WASDE-450-30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2005/06 World 2/ : 3.04 34.53 8.93 33.55 9.82 3.12 United States : 0.77 9.25 0.02 8.15 0.52 1.37 Total foreign : 2.27 25.28 8.91 25.41 9.30 1.76 Major exporters 3/ : 1.14 13.85 0.74 6.40 8.33 1.00 Argentina : 0.49 6.00 0.00 0.40 5.60 0.49 Brazil : 0.45 5.43 0.03 3.13 2.47 0.31 EU-27 : 0.20 2.42 0.71 2.87 0.27 0.19 Major importers 4/ : 0.64 7.23 3.22 10.60 0.12 0.37 China : 0.25 6.15 1.52 7.61 0.11 0.20 India : 0.39 1.08 1.68 2.97 0.01 0.17 Pakistan : 0.01 0.00 0.02 0.02 0.00 0.00 : : 2006/07 (Estimated) World 2/ : 3.12 35.76 9.93 35.84 10.14 2.82 United States : 1.37 9.27 0.02 8.64 0.84 1.17 Total foreign : 1.76 26.49 9.91 27.20 9.30 1.65 Major exporters 3/ : 1.00 14.52 0.93 7.13 8.30 1.02 Argentina : 0.49 6.23 0.00 0.54 5.70 0.49 Brazil : 0.31 5.68 0.01 3.29 2.37 0.33 EU-27 : 0.19 2.62 0.93 3.30 0.23 0.20 Major importers 4/ : 0.37 7.58 3.79 11.28 0.13 0.33 China : 0.20 6.38 2.25 8.54 0.11 0.18 India : 0.17 1.19 1.50 2.70 0.02 0.14 Pakistan : 0.00 0.01 0.04 0.04 0.00 0.00 : : 2007/08 (Projected) World 2/ : August : 2.85 37.44 10.34 37.78 10.42 2.42 September : 2.82 37.62 10.54 38.17 10.38 2.44 United States : August : 1.39 9.27 0.02 9.03 0.64 1.01 September : 1.17 9.40 0.02 9.21 0.59 0.79 Total foreign : August : 1.46 28.17 10.33 28.75 9.79 1.41 September : 1.65 28.22 10.53 28.96 9.79 1.65 Major exporters 3/ : August : 0.83 15.51 1.06 7.78 8.82 0.79 September : 1.02 15.56 1.06 7.78 8.82 1.04 Argentina Aug : 0.29 7.15 0.00 0.75 6.40 0.29 Sep : 0.49 7.20 0.00 0.75 6.40 0.54 Brazil Aug : 0.33 5.63 0.01 3.47 2.20 0.30 Sep : 0.33 5.63 0.01 3.47 2.20 0.30 EU-27 Aug : 0.20 2.74 1.05 3.56 0.23 0.20 Sep : 0.20 2.74 1.05 3.56 0.23 0.20 Major importers 4/ : August : 0.33 8.08 3.88 11.87 0.07 0.34 September : 0.33 8.08 4.08 12.07 0.07 0.34 China Aug : 0.18 6.85 2.25 9.03 0.05 0.20 Sep : 0.18 6.85 2.45 9.23 0.05 0.20 India Aug : 0.14 1.22 1.58 2.78 0.02 0.14 Sep : 0.14 1.23 1.58 2.79 0.02 0.14 Pakistan Aug : 0.00 0.01 0.05 0.06 0.00 0.00 Sep : 0.00 0.01 0.05 0.06 0.00 0.00 =============================================================================== 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and EU. 4/ India, China and Pakistan. WASDE-450-31 U.S. Quarterly Animal Product Production 1/ =============================================================================== Year : : : Red : : : Total : Red : : : and : : : meat : : :poultry :meat & : : : quarter : Beef : Pork : 2/ :Broiler:Turkey: 3/ :poultry: Egg : Milk : =============================================================================== : Million pounds Mil doz Bil lbs 2006 : III : 6834 5087 11999 8884 1419 10429 22428 1894 44.7 IV : 6513 5625 12224 8801 1473 10395 22619 1917 44.6 Annual : 26153 21055 47540 35752 5686 41943 89483 7572 181.8 : 2007 : I : 6235 5396 11720 8574 1410 10099 21819 1861 46.0 II : 6649 5128 11856 9021 1473 10622 22478 1865 47.4 III*: 6820 5200 12096 9050 1465 10635 22731 1880 45.8 IV*: 6300 5875 12257 9050 1500 10665 22922 1925 45.7 Annual : Aug Proj : 26049 21649 48029 35685 5823 41986 90015 7557 184.3 Sep Proj : 26004 21599 47929 35695 5848 42021 89950 7531 184.9 : 2008 : I*: 6215 5475 11777 8850 1425 10395 22172 1885 47.6 II*: 6700 5325 12106 9250 1490 10870 22976 1890 48.7 Annual : Aug Proj : 26100 21975 48404 36525 5875 42895 91299 7685 188.6 Sep Proj : 26115 22075 48519 36525 5875 42895 91414 7645 189.7 =============================================================================== * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products1/ =============================================================================== Year : Choice : Barrows : : : : : and : steers :and gilts : Broilers : Turkeys : Eggs : Milk : quarter : 2/ : 3/ : 4/ : 5/ : 6/ : 7/ : =============================================================================== : Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2006 : III : 85.40 51.83 67.8 79.4 64.0 12.23 IV : 86.61 46.13 65.9 89.8 89.0 13.90 Annual : 85.41 47.26 64.4 77.0 71.8 12.90 : 2007 : I : 90.61 46.04 75.0 69.7 105.3 15.00 II : 93.45 52.55 80.3 77.9 92.0 18.27 III*: 91-92 50-51 80-81 88-89 114-115 21.80-22.00 IV*: 90-94 45-47 74-78 90-94 102-108 21.85-22.35 Annual : Aug Proj : 90-92 48-49 77-79 81-83 102-104 19.15-19.35 Sep Proj : 91-93 48-49 77-79 81-83 103-105 19.20-19.40 : 2008 : I*: 88-96 45-49 73-79 71-77 95-103 20.30-21.10 II*: 89-97 47-51 74-80 73-79 83-89 18.30-19.30 Annual : Aug Proj : 86-93 46-50 73-79 75-81 89-97 18.25-19.25 Sep Proj : 87-94 46-50 73-79 75-81 89-97 18.30-19.30 =============================================================================== *Projection. 1/ Simple average of months. 2/ Nebraska, Direct, 1100-1300 lbs. 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale, 12-city average. 5/ 8-12 lbs, hens Eastern Region. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. WASDE-450-32 U.S. Meats Supply and Use ============================================================================ : Supply : Use :--------------------------------------------------------- : : : : : : : Disappearance : : Pro- : : : : :--------------- : Beg- : duc- : : : : End- : : Per Item :inning: tion : Im- :Total : Ex- : ing : :capita :stocks: 1/ :ports :supply: ports:stocks:Total : 2/ 3/ ============================================================================ : Million pounds 4/ BEEF : 2006 : 571 26258 3085 29914 1145 630 28139 65.7 2007 Proj. Aug : 630 26154 3270 30054 1364 550 28140 65.1 Sep : 630 26109 3244 29983 1392 550 28041 64.9 2008 Proj. Aug : 550 26205 3320 30075 1695 600 27780 63.7 Sep : 550 26220 3320 30090 1695 600 27795 63.7 : PORK : 2006 : 494 21075 990 22559 2995 514 19050 49.3 2007 Proj. Aug : 514 21669 994 23177 2957 560 19660 50.4 Sep : 514 21619 1015 23148 2972 560 19616 50.3 2008 Proj. Aug : 560 21995 1015 23570 3055 560 19955 50.7 Sep : 560 22095 1025 23680 3085 560 20035 50.9 : TOTAL RED MEAT 5/ : 2006 : 1080 47679 4265 53024 4158 1166 47700 116.5 2007 Proj. Aug : 1166 48167 4460 53793 4330 1131 48332 117.0 Sep : 1166 48067 4451 53684 4373 1127 48184 116.7 2008 Proj. Aug : 1131 48542 4533 54206 4760 1181 48265 115.9 Sep : 1127 48657 4543 54327 4790 1177 48360 116.1 : BROILERS : 2006 : 924 35369 47 36340 5205 745 30389 87.1 2007 Proj. Aug : 745 35303 60 36107 5250 650 30207 85.7 Sep : 745 35313 62 36120 5368 675 30077 85.4 2008 Proj. Aug : 650 36134 48 36832 5515 775 30542 85.9 Sep : 675 36134 48 36857 5515 775 30567 86.0 : TURKEYS : 2006 : 206 5612 12 5829 547 218 5065 16.9 2007 Proj. Aug : 218 5746 11 5976 554 230 5191 17.2 Sep : 218 5771 10 5999 554 230 5215 17.2 2008 Proj. Aug : 230 5798 12 6040 605 275 5160 16.9 Sep : 230 5798 12 6040 605 275 5160 16.9 : TOTAL POULTRY 6/ : 2006 : 1132 41485 61 42678 5911 969 35798 105.1 2007 Proj. Aug : 969 41527 74 42570 5968 886 35716 103.9 Sep : 969 41562 75 42606 6091 911 35604 103.6 2008 Proj. Aug : 886 42427 63 43375 6270 1056 36049 103.9 Sep : 911 42427 63 43400 6270 1056 36074 104.0 : RED MEAT & POULTRY: 2006 : 2212 89164 4326 95702 10070 2135 83498 221.6 2007 Proj. Aug : 2135 89694 4534 96363 10298 2017 84048 220.9 Sep : 2135 89629 4526 96290 10464 2038 83788 220.3 2008 Proj. Aug : 2017 90969 4596 97581 11030 2237 84314 219.8 Sep : 2038 91084 4606 97727 11060 2233 84434 220.1 ============================================================================ 1/ Total including farm production for red meats and, for poultry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis. 3/ Population source: Dept. of Commerce, Census Bureau. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. WASDE-450-33 U.S. Egg Supply and Use =============================================================================== : : : 2007 Projected : 2008 Projected : : :-----------------:----------------- Commodity : 2005 : 2006 : Aug : Sep : Aug : Sep =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 14.5 16.0 12.5 12.5 12.0 13.0 Production : 7509.0 7572.0 7557.0 7531.0 7685.0 7645.0 Imports : 12.9 10.8 13.9 13.9 14.0 14.0 Total supply : 7536.4 7598.8 7583.4 7557.4 7711.0 7672.0 : Use : Exports : 203.3 202.1 255.4 236.9 250.0 230.0 Hatching use : 999.8 994.0 1011.4 1011.4 1010.0 1010.0 Ending stocks : 16.0 12.5 12.0 13.0 12.0 12.0 Disappearance : Total : 6317.3 6390.2 6304.6 6296.1 6439.0 6420.0 Per capita (number) : 255.3 255.7 250.0 249.6 252.9 252.2 =============================================================================== U.S. Milk Supply and Use =============================================================================== : : : 2007 Projected : 2008 Projected Commodity : : :-----------------:----------------- : 2005 : 2006 : Aug : Sep : Aug : Sep =============================================================================== : Billion pounds Milk : Production : 176.9 181.8 184.3 184.9 188.6 189.7 Farm use : 1.1 1.1 1.1 1.1 1.1 1.1 : Fat Basis Supply : Beg. commercial stocks : 7.2 8.0 9.5 9.5 9.3 9.5 Marketings : 175.8 180.7 183.2 183.8 187.4 188.6 Imports : 5.0 5.0 4.8 4.9 4.8 4.8 Total cml. supply : 187.9 193.6 197.5 198.2 201.6 202.9 : Fat Basis Use : Ending commercial stks : 8.0 9.5 9.3 9.5 8.5 9.1 CCC net removals 1/ : -0.0 0.0 0.0 0.0 0.0 0.0 Commercial use 2/ : 179.9 184.1 188.2 188.7 193.1 193.8 : Skim-solids Basis Supply : Beg. commercial stocks : 8.2 9.0 9.1 9.1 8.8 9.0 Marketings : 175.8 180.7 183.2 183.8 187.4 188.6 Imports : 4.8 4.8 4.6 4.6 4.7 4.6 Total cml. supply : 188.8 194.4 196.9 197.5 200.9 202.2 : Skim-solids Basis Use : Ending commercial stks : 9.0 9.1 8.8 9.0 8.6 9.0 CCC net removals 1/ : -1.0 0.7 0.0 0.0 0.0 0.0 Commercial use 2/ : 180.8 184.5 188.1 188.5 192.3 193.2 : : Million pounds CCC product net removals 1/: Butter : 0 0 0 0 0 0 Cheese : -2 0 0 0 0 0 Nonfat dry milk : -81 64 0 0 0 0 Dry whole milk : 0 0 0 0 0 0 =============================================================================== Note: Totals may not add due to rounding. 1/ Includes products exported under the Dairy Export Incentive Program. 2/ Includes commercial exports. WASDE-450-34 U.S. Dairy Prices =============================================================================== : : : 2007 Projected : 2008 Projected : : :-----------------:------------------ Commodity : 2005 : 2006 : Aug : Sep : Aug : Sep =============================================================================== : Dollars per pound : Product Prices 1/ : Cheese : 1.4875 1.2470 1.690- 1.730- 1.565- 1.600- : 1.710 1.750 1.665 1.700 : Butter : 1.5405 1.2193 1.385- 1.360- 1.310- 1.290- : 1.425 1.400 1.440 1.420 : Nonfat dry milk : 0.9409 0.8928 1.675- 1.720- 1.605- 1.635- : 1.695 1.740 1.675 1.705 : Dry whey : 0.2782 0.3285 0.655- 0.615- 0.595- 0.530- : 0.675 0.635 0.625 0.560 : : Dollars per cwt Milk Prices 2/ : Class III : 14.05 11.89 18.00- 18.10- 16.40- 16.35- : 18.20 18.30 17.40 17.35 : Class IV : 12.87 11.06 18.30- 18.50- 17.45- 17.65- : 18.60 18.80 18.55 18.75 : All milk 3/ : 15.13 12.90 19.15- 19.20- 18.25- 18.30- : 19.35 19.40 19.25 19.30 : =============================================================================== 1/ Simple average of monthly prices calculated by AMS from NASS weekly average dairy product prices for class price computations. Details may be found at http://www.ams.usda.gov/dyfmos/mib/fedordprc_dscrp.htm. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. WASDE-450-35 Note: Tables on pages 35-37 present a 26-year record of the differences between the September projection and the final estimate. Using world wheat production as an example, changes between the September projection and the final estimate have averaged 9.5 million tons (1.8%) ranging from -30.7 to 13.1 million tons. The September projection has been below the estimate 15 times and above 11 times. Reliability of September Projections =============================================================================== :Differences between proj. & final estimate,1981/82-2006/07 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== WHEAT :Percent Million metric tons Number of years 2/ Production : World : 1.8 9.5 -30.7 13.1 15 11 U.S. : 1.4 0.8 -1.4 2.5 10 16 Foreign : 2.0 9.3 -30.9 12.0 16 10 Exports : World : 4.3 4.8 -13.5 6.2 18 8 U.S. : 8.5 2.8 -10.0 7.2 11 15 Foreign : 5.2 4.3 -11.5 4.0 17 9 Domestic use : World : 1.4 7.4 -23.4 13.2 17 9 U.S. : 5.4 1.7 -3.7 3.6 11 15 Foreign : 1.4 6.9 -21.0 12.3 19 7 Ending stocks : World : 7.1 9.3 -28.3 14.3 19 7 U.S. : 13.3 3.0 -9.1 12.4 13 13 Foreign : 7.8 8.3 -26.0 7.4 18 8 : COARSE GRAINS 3/ : Production : World : 1.8 15.8 -50.6 24.9 20 6 U.S. : 3.7 8.8 -21.5 26.0 18 8 Foreign : 2.0 12.1 -29.6 13.9 18 8 Exports : World : 5.2 5.4 -11.5 16.5 18 8 U.S. : 13.7 7.3 -19.0 14.5 11 15 Foreign : 12.2 6.4 -15.3 12.7 16 10 Domestic use : World : 1.2 10.6 -29.1 20.8 13 13 U.S. : 3.4 6.4 -15.8 13.2 18 8 Foreign : 1.4 9.1 -20.2 22.0 17 9 Ending stocks : World : 11.3 16.1 -43.2 24.6 20 6 U.S. : 18.2 9.1 -32.2 13.5 12 14 Foreign : 13.2 11.1 -25.8 15.2 22 4 : RICE, milled : Production : World : 1.9 6.5 -24.1 3.4 21 5 U.S. : 4.0 0.2 -0.5 0.5 15 10 Foreign : 1.9 6.5 -24.4 3.6 21 5 Exports : World : 8.1 1.6 -6.7 0.8 18 8 U.S. : 7.9 0.2 -0.9 0.9 13 11 Foreign : 9.1 1.6 -6.7 0.8 18 8 Domestic use : World : 1.4 4.5 -22.7 3.0 20 6 U.S. : 5.5 0.2 -0.4 0.4 12 13 Foreign : 1.4 4.5 -23.1 3.2 20 6 Ending stocks : World : 10.9 4.8 -14.9 5.2 21 5 U.S. : 18.3 0.2 -0.9 0.7 15 11 Foreign : 11.7 4.8 -14.6 6.1 21 5 =============================================================================== 1/ Footnotes at end of table. CONTINUED WASDE-450-36 Reliability of September Projections (Continued) =============================================================================== :Differences between proj. & final estimate,1981/82-2006/07 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== SOYBEANS :Percent Million metric tons Number of years 2/ Production : World : 3.5 5.0 -14.2 11.5 17 9 U.S. : 4.8 3.1 -8.3 5.1 14 12 Foreign : 6.2 5.0 -11.6 17.0 14 12 Exports : World : 6.1 2.4 -9.4 9.5 17 9 U.S. : 9.5 2.1 -5.3 5.5 14 12 Foreign : 15.9 2.2 -9.4 8.0 11 15 Domestic use : World : 3.0 4.2 -9.3 11.3 16 10 U.S. : 3.7 1.5 -3.8 2.7 18 8 Foreign : 4.0 3.9 -7.5 9.4 17 9 Ending stocks : World : 14.9 3.7 -12.2 6.8 16 10 U.S. : 29.8 2.3 -6.6 4.8 9 17 Foreign : 18.5 3.3 -12.0 8.6 17 8 : COTTON : Million 480-pound bales Production : World : 3.3 3.0 -12.6 9.5 17 9 U.S. : 5.1 0.9 -2.3 2.4 15 10 Foreign : 3.7 2.7 -11.2 9.8 17 9 Exports : World : 5.6 1.6 -6.7 6.0 15 11 U.S. : 15.0 1.1 -2.7 3.2 15 11 Foreign : 6.4 1.2 -3.9 2.8 12 14 Mill use : World : 2.5 2.2 -7.2 3.2 12 14 U.S. : 5.9 0.5 -1.1 1.3 13 11 Foreign : 2.6 2.1 -7.1 4.0 13 12 Ending stocks : World : 12.3 4.7 -12.7 12.5 18 8 U.S. : 28.4 1.3 -5.1 2.5 11 15 Foreign : 12.5 4.1 -13.2 10.9 18 8 =============================================================================== 1/ Final estimate for 1981/82-2005/06 is defined as the first November estimate following the marketing year and for 2006/07 last month's estimate. 2/ May not total 26 if projection was the same as final estimate. 3/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. WASDE-450-37 Reliability of United States September Projections 1/ =============================================================================== :Differences between proj. & final estimate,1981/82-2006/07 2/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== CORN :Percent Million bushels Number of years 3/ Production : 4.0 332 -846 885 18 8 Exports : 14.4 262 -725 521 10 16 Domestic use : 3.8 251 -553 430 18 8 Ending stocks : 21.1 338 -1321 490 12 14 : SORGHUM : Production : 4.7 28 -69 81 11 14 Exports : 15.8 37 -115 97 14 12 Domestic use : 8.9 36 -114 78 13 13 Ending stocks : 35.6 42 -155 112 9 17 : BARLEY : Production : 3.4 12 -29 36 10 16 Exports : 27.8 16 -82 38 12 11 Domestic use : 7.9 26 -47 72 11 13 Ending stocks : 14.0 22 -61 70 11 15 : OATS : Production : 7.3 14 -19 44 4 21 Exports : 65.1 2 -5 8 8 10 Domestic use : 4.3 14 -39 30 9 17 Ending stocks : 13.8 16 -40 47 12 14 : : Thousand short tons SOYBEAN MEAL : Production : 3.5 1116 -2846 1680 17 9 Exports : 11.8 793 -2350 1900 12 14 Domestic use : 2.8 667 -1550 1075 17 9 Ending stocks : 29.5 70 -179 368 11 12 : : Million pounds SOYBEAN OIL : Production : 3.5 539 -1473 791 15 11 Exports : 24.9 378 -1250 1219 13 13 Domestic use : 2.4 321 -985 550 18 8 Ending stocks : 27.0 442 -1357 1143 12 14 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 4.0 947 -727 2486 17 7 Pork : 2.3 370 -1315 1242 13 11 Broilers : 1.9 487 -1337 1063 16 8 Turkeys : 2.2 98 -444 235 16 8 : : Million dozen Eggs : 1.4 84 -111 188 17 6 : : Billion pounds Milk : 1.4 2.1 -7.2 6.8 14 10 =============================================================================== 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. 2/ Final estimate for 1981/82-2005/06 is defined as the first November estimate following the marketing year and for 2006/07 last month's estimate. 3/ May not total 26 for crops and 24 for animal production if projection was the same as the final estimate. 4/ Calendar years 1983 thru 2006 for meats, eggs, and milk. Final for animal products is defined as latest annual production estimate published by NASS. ---------- End of File -------------