ISSN:1554-9089 WASDE-445 April 10, 2007 WHEAT: U.S. 2006/07 ending stocks are projected at 422 million bushels, down 50 million bushels from last month due to increases in domestic use and exports. Feed and residual use is raised 25 million bushels as the March 1 stocks indicated higher-than-expected use in the December-February quarter. A small increase in seed use reflects higher winter wheat seedings reported in USDA's March 30 Prospective Plantings report. Exports are raised 25 million bushels to 900 million reflecting improved export prospects as U.S. prices, particularly for soft red wheat, are more competitive in the world market. Adjustments are also made in imports, domestic use, exports, and ending stocks of wheat by class. The projected range for the 2006/07 farm price is unchanged at $4.20 to $4.30 per bushel. Producers have marketed most of their 2006 production limiting the effect of further price movements on the weighted season-average farm price. Global wheat production for 2006/07 is projected at 594.5 million tons, up 1.4 million from last month with nearly all of the increase in African countries and Mexico. Higher global consumption more than offsets higher production leaving ending stocks nearly unchanged. Changes in world exports and imports are also nearly offsetting; however, major export changes include 1-million-ton reductions for both Canada and EU-25 and 0.5-million-ton increases for both Kazakhstan and Russia. Exports are also raised 0.9 million tons for Syria. The largest increases in projected ending stocks are for Canada, EU- 25, and Pakistan. The largest ending stocks reductions are for the United States and Syria. COARSE GRAINS: U.S. corn ending stocks for 2006/07 are projected at 877 million bushels, up 125 million from last month based on lower projected feed and residual use. Feed and residual use is projected at 5,850 million bushels, down 125 million, as the March 1 stocks indicated lower-than-expected use in the December-February quarter. Food, seed, and industrial use is unchanged this month, despite a small increase in seed use, based on producer planting intentions reported in the Prospective Plantings report. Lower projected food and non-ethanol industrial use offset the increase in seed use. The season- average farm price is projected at $3.00 to $3.20 per bushel, 20 cents per bushel lower on the top end of the range reflecting higher projected carryout, larger 2007 intended area, and prices received by producers to date. The U.S. balance sheets for grain sorghum and barley are adjusted this month to reflect small changes in projected use. U.S. grain sorghum exports for 2006/07 are lowered 10 million bushels reflecting lower projected imports by Mexico. Projected grain sorghum ending stocks are increased an equal amount. Barley feed and residual use is raised 5 million bushels as the March 1 stocks indicated higher-than-expected use during the December-February quarter. Barley ending stocks for 2006/07 are lowered an offsetting amount. The sorghum farm price range is tightened 10 cents per bushel on each end of the projected range to $3.20 to $3.40 per bushel. The barley farm price is projected at $2.88 per bushel, below the midpoint of last month's $2.85 to $2.95 per bushel range. The season-average oats farm price is projected $1.85 per bushel, the midpoint of last month's range of $1.80 to $1.90 per bushel. Global 2006/07 coarse grain production is increased 8.1 million tons this month with much of the increase in non- exporter African countries. The biggest increases are for Ethiopia, Nigeria, and Sudan, which together are raised 4.8 million tons as excellent growing-season weather in these and other African countries boosted corn, sorghum, barley, and millet output. Global corn production is raised 2.7 million tons this month reflecting higher output in many African countries and South America. Corn production for Argentina is raised 0.5 million tons to 22.0 million, as harvest reports continue to confirm record yields. Despite flooding in key growing areas of Argentina, part of the crop in the affected areas was harvested ahead of the late- March downpours. Damage to remaining unharvested corn is expected to be limited if drier weather persists. Brazil corn production is raised 1.5 million tons this month to 49.5 million, reflecting higher official estimates by the Brazilian government for first- and second-crop area and first-crop yields. South Africa corn production is lowered to 6.0 million tons, down 1.0 million from last month, as the El Ni¤o-driven drought continued during March. Production for Thailand is lowered 0.4 million tons this month. Global 2006/07 coarse grain feeding is reduced mostly reflecting lower corn feed and residual use in the United States. Coarse grain feed use is also lowered in Mexico, South Africa, and Thailand, but raised in Argentina and Brazil. Global exports are nearly unchanged this month for coarse grains and corn. Corn exports for China are lowered 0.5 million tons as exports for Argentina are raised 0.5 million tons. Global 2006/07 coarse grain ending stocks are raised 4.6 million tons this month with corn accounting for 4.0 million tons of the increase. U.S. corn ending stocks are raised 3.2 million tons as feed and residual use is projected lower. Brazil corn ending stocks are raised 0.8 million tons reflecting higher expected production. With lower projected exports, ending stocks for China corn are also raised 0.5 million tons. RICE: Only minor changes are made to the U.S. 2006/07 rice supply and use projections. On the supply side, all rice imports are raised 1.0 million cwt to a record 20.0 million cwt with long-grain imports up 1.0 million cwt, while combined medium- and short-grain imports are unchanged. Imports of fragrant long-grain rice from Thailand, which are larger than expected through the first half of the marketing year (based on Census data through January), account for most of the increase. No changes are made on the use side from a month ago. Ending stocks of all rice are projected at 31.9 million cwt, 1.0 million cwt above last month, but 11.1 million cwt below a year earlier. The season-average farm price is projected at $9.75 to $9.95 per cwt, unchanged from a month ago. Global production, imports, and exports are raised slightly from last month, while beginning stocks, consumption, and ending stocks are lowered slightly. Global production is raised less than 0.1 million tons on a number of nearly offsetting changes. On the plus side, production is raised for Egypt, Cote D'Ivoire, Burma, Nigeria, and Venezuela, while production is lowered for Pakistan, Japan, and Argentina. Exports are raised for Pakistan, Thailand, and Vietnam and lowered for Burma. Imports are increased for Colombia, Iraq, and the United States. Global ending stocks are projected at 78.9 million tons, about 0.2 million tons below last month, and 2.6 million tons below 2005/06. The slight decline in ending stocks is due primarily to decreases for India, Thailand, and Vietnam; which is nearly offset by increases for Egypt, Cote D'Ivoire, Burma, and Nigeria. OILSEEDS: Projected U.S. ending stocks of soybeans are up 20 million bushels to a record 615 million bushels as reduced exports, crush, and seed use are only partly offset by higher residual use. Soybean exports are reduced 20 million bushels reflecting slower than expected shipments to date reported by the U.S. Census Bureau. Soybean crush is forecast at 1,765 million bushels, down 15 million bushels from last month. The reduction is due to lower projected domestic soybean meal use and reduced prospects for soybean meal exports. Although soybean meal exports have been strong through the first half of the marketing year, sharply higher South American supplies are expected to reduce the competitiveness of U.S. soybean meal in the second half of the year. Residual use is increased this month as indicated by the March 30Grain Stocks report. The U.S. season-average soybean price range for 2006/07 is projected at $6.10 to $6.50 per bushel, unchanged from last month. Soybean meal prices are projected at $190 to $200 per short ton, up $5 on the low end of the range. Soybean oil prices are projected at 28.5 to 30.5 cents per pound, up 1 cent on both ends of the range. Global oilseed production for 2006/07 is projected at a record 402.9 million tons, up 3.7 million tons from last month. Soybean production accounts for almost all of the change. Brazil soybean production is raised 1.8 million tons to a record 58.8 million tons based on higher yields, especially in southern states. Soybean production is raised by a combined 2.3 million tons for Argentina and Paraguay. The Argentina crop is projected at a record 45.5 million tons, up 1.5 million tons from last month. Despite heavy rain that fell during the last week in March over much of the growing area, yields are projected record high at 2.88 tons per hectare. Soybean production is also up sharply for Paraguay based on excellent yield prospects. Other changes include higher soybean production for Brazil for the 2005/06 crop. The crop is raised 2 million tons to 57 million tons reflecting reported crush and export data for the recently completed marketing year. Global oilseed ending stocks for 2006/07 are increased 3.4 million tons to 67.4 million tons. Most of the increase is due to higher South American soybean stocks, reflecting sharply higher projected production for both 2005/06 and 2006/07. Global vegetable oil stocks are reduced this month mainly due to reduced palm oil production for Indonesia. SUGAR: Projected 2006/07 U.S. sugar supply is increased 12,000 short tons, raw value, from last month, as higher imports more than offset lower production. Sugar production is decreased 58,000 tons, based on processor estimates compiled by the Farm Service Agency. Imports are increased 70,000 tons, comprising the recently announced increase in specialty sugars (20,000), increases under the re-export programs (100,000), and lower tariff rate quota from Mexico (50,000). Total use is decreased 45,000 tons due to a drop in domestic food use (150,000), which is partially offset by increased exports and deliveries to manufacturers of re-export products (105,000). Ending stocks are increased 57,000 tons. LIVESTOCK, POULTRY, AND DAIRY: Forecast U.S. meat production for 2007 is reduced reflecting lower beef, pork, and broilers output. Reductions in forecast beef production reflect both the slow pace of movement through feedlots and expected lighter slaughter weights. Although pork production is raised for the first quarter due to heavy March slaughter, pork production forecasts for subsequent quarters are adjusted to reflect the March 30 Quarterly Hogs and Pigs report. First half farrowings are expected to be about the same as last year, and coupled with lower- than-expected growth in pigs per litter and smaller pig crops, hog slaughter and pork production forecasts are reduced. Broiler production forecasts are lowered to reflect less slaughter and lighter weights. Lower production is expected to carry through the first half of the year before rebounding but at a slower pace than previously expected. Turkey and egg production forecasts are raised slightly. Cattle price forecasts for 2007 are raised due to tighter expected supplies and continued strong demand. Hog price forecasts for the year are unchanged. Broiler prices are raised as supplies of broiler meat are forecast lower. Turkey prices are adjusted to reflect first quarter prices; forecasts for subsequent quarters are unchanged from last month. Egg prices are raised to reflect high first quarter prices and expectations of continued strong demand. Beef export forecasts for 2007 are reduced from last month. Pork export forecasts are raised reflecting strong foreign demand and pork import forecasts are reduced as shipments from Canada will remain relatively weak. Poultry trade forecasts are unchanged from last month. Milk production forecasts for 2007 are lowered as growth in milk per cow continues to lag historical growth. Prices are forecast higher as demand for dairy products remains strong. Tight international supplies have pushed nonfat dry milk (NDM) and dry whey prices higher as exporters compete with domestic users for relatively tight supplies. With growth in international supplies expected to remain limited through the year, price forecasts for NDM and whey are raised from last month. Cheese and butter price forecasts are also raised to reflect slower production growth and robust demand. Class III and Class IV price forecasts are raised to reflect higher product prices. The all milk price forecast for 2007 is raised to $15.55 to $16.05. COTTON: This month's 2006/07 U.S. cotton supply and demand estimates include slightly lower production and sharply lower disappearance, raising ending stocks by 400,000 bales. Production is reduced slightly based on the March 22 Cotton Ginnings report. Domestic mill use also is reduced slightly based on recent months' activity. Exports are reduced 500,000 bales to 13.5 million; while export sales have improved in recent weeks, export shipments remain below earlier expectations. This month's 2006/07 world supply and demand estimates include small revisions that are mostly offsetting. World production is virtually unchanged as increases for Brazil and Pakistan are offset by reductions in the African Franc Zone, the United States, and Paraguay. World consumption is raised slightly as recent data indicate higher use in India and Brazil. Imports are reduced for several countries, including China, India, Korea, and Pakistan; with lower import demand, exports are reduced mainly for the United States and India. The China residual factor is raised 500,000 bales, as weaker-than-expected import demand suggests domestic supplies are larger than previously projected. Estimated world ending stocks are raised marginally. 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: MIKE JOHANNS SECRETARY OF AGRICULTURE For questions about the WASDE report, call (202) 720-5447. RELATED USDA REPORTS The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA Economic Research Service and Foreign Agricultural Service. See http://www.usda.gov/oce/waob/related.htm for an explanation of related reports. SUPPLY AND DEMAND DATABASE The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/. Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. 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WASDE-445-8 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/ : 2004/05 : 2,044.47 2,402.75 241.12 1,994.70 408.04 2005/06 (Est.) : 2,017.11 2,425.16 253.38 2,030.07 395.09 2006/07 (Proj.) : March : 1,974.76 2,370.47 248.02 2,051.53 318.94 April : 1,984.39 2,379.49 248.26 2,056.13 323.35 Wheat : 2004/05 : 628.58 761.18 111.13 609.96 151.22 2005/06 (Est.) : 621.16 772.38 116.65 624.50 147.88 2006/07 (Proj.) : March : 593.11 740.56 108.02 619.34 121.23 April : 594.50 742.38 108.28 621.17 121.21 Coarse grains 4/ : 2004/05 : 1,015.21 1,155.50 101.75 976.83 178.68 2005/06 (Est.) : 977.95 1,156.63 108.42 990.89 165.74 2006/07 (Proj.) : March : 966.70 1,133.12 110.85 1,014.47 118.65 April : 974.84 1,140.59 110.59 1,017.35 123.23 Rice, milled : 2004/05 : 400.67 486.07 28.24 407.92 78.15 2005/06 (Est.) : 418.00 496.15 28.32 414.68 81.47 2006/07 (Proj.) : March : 414.95 496.79 29.14 417.73 79.07 April : 415.05 496.51 29.39 417.60 78.91 : : United States Total grains 3/ : 2004/05 : 385.62 434.59 83.91 275.97 74.71 2005/06 (Est.) : 363.16 442.69 91.28 279.73 71.68 2006/07 (Proj.) : March : 335.62 413.56 88.61 288.71 36.24 April : 335.62 413.59 89.04 286.34 38.21 Wheat : 2004/05 : 58.74 75.53 29.01 31.82 14.70 2005/06 (Est.) : 57.28 74.20 27.47 31.19 15.55 2006/07 (Proj.) : March : 49.32 67.99 23.81 31.33 12.85 April : 49.32 67.99 24.49 32.03 11.47 Coarse grains 4/ : 2004/05 : 319.42 350.42 51.41 240.22 58.80 2005/06 (Est.) : 298.76 359.62 60.13 244.73 54.77 2006/07 (Proj.) : March : 280.11 337.40 61.54 253.46 22.40 April : 280.11 337.40 61.29 250.40 25.72 Rice, milled : 2004/05 : 7.46 8.64 3.50 3.94 1.21 2005/06 (Est.) : 7.11 8.87 3.69 3.81 1.37 2006/07 (Proj.) : March : 6.20 8.17 3.26 3.92 0.99 April : 6.20 8.20 3.26 3.92 1.02 =============================================================================== 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-445-9 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/ : 2004/05 : 1,658.85 1,968.15 157.22 1,718.73 333.33 2005/06 (Est.) : 1,653.96 1,982.47 162.10 1,750.34 323.41 2006/07 (Proj.) : March : 1,639.14 1,956.92 159.41 1,762.83 282.71 April : 1,648.77 1,965.90 159.22 1,769.79 285.15 Wheat : 2004/05 : 569.85 685.65 82.12 578.13 136.52 2005/06 (Est.) : 563.88 698.18 89.18 593.31 132.34 2006/07 (Proj.) : March : 543.79 672.57 84.21 588.01 108.38 April : 545.19 674.39 83.79 589.15 109.74 Coarse grains 5/ : 2004/05 : 695.80 805.08 50.35 736.61 119.88 2005/06 (Est.) : 679.19 797.01 48.29 746.16 110.98 2006/07 (Proj.) : March : 686.59 795.72 49.32 761.01 96.25 April : 694.73 803.19 49.30 766.96 97.52 Rice, milled : 2004/05 : 393.21 477.42 24.75 403.98 76.94 2005/06 (Est.) : 410.89 487.28 24.63 410.87 80.10 2006/07 (Proj.) : March : 408.76 488.62 25.88 413.81 78.08 April : 408.85 488.31 26.13 413.69 77.89 =============================================================================== 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 2004/05 : 120.12 163.15 34.98 108.82 53.87 2005/06 (Est.) : 113.94 167.81 44.67 115.93 53.80 2006/07 (Proj.) : March : 116.75 170.70 38.54 121.54 52.38 April : 116.79 170.59 37.79 121.88 52.59 : United States 2004/05 : 23.25 26.73 14.44 6.69 5.50 2005/06 (Est.) : 23.89 29.41 18.04 5.87 6.05 2006/07 (Proj.) : March : 21.73 27.79 14.00 5.00 8.80 April : 21.57 27.63 13.50 4.95 9.20 : Foreign 3/ 2004/05 : 96.87 136.42 20.54 102.13 48.37 2005/06 (Est.) : 90.05 138.40 26.63 110.06 47.75 2006/07 (Proj.) : March : 95.02 142.90 24.54 116.54 43.58 April : 95.23 142.96 24.29 116.93 43.39 =============================================================================== 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-445-10 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 : 2004/05 : 381.24 425.50 74.67 301.96 56.81 2005/06 (Est.) : 390.29 447.09 76.70 317.54 63.27 2006/07 (Proj.) : March : 399.14 460.91 82.50 331.54 63.99 April : 402.86 466.13 82.20 331.87 67.42 Oilmeals : 2004/05 : 205.89 212.47 60.06 203.96 7.63 2005/06 (Est.) : 214.75 222.38 65.34 214.38 6.51 2006/07 (Proj.) : March : 225.60 231.78 68.22 223.74 5.99 April : 226.02 232.53 68.54 224.75 6.36 Vegetable Oils : 2004/05 : 111.39 119.52 42.67 108.08 9.47 2005/06 (Est.) : 117.98 127.45 46.35 115.39 9.18 2006/07 (Proj.) : March : 124.33 133.57 48.52 122.54 9.16 April : 123.10 132.27 47.60 121.94 8.65 : : United States Oilseeds : 2004/05 : 95.94 100.77 30.71 50.17 8.29 2005/06 (Est.) : 95.53 104.49 26.81 51.90 14.20 2006/07 (Proj.) : March : 96.88 112.00 31.04 53.03 17.59 April : 96.88 112.00 30.57 52.55 18.13 Oilmeals : 2004/05 : 39.27 41.07 6.96 33.90 0.22 2005/06 (Est.) : 39.99 41.86 7.63 33.88 0.36 2006/07 (Proj.) : March : 41.10 43.13 8.19 34.61 0.33 April : 40.52 42.59 7.87 34.39 0.33 Vegetable Oils : 2004/05 : 9.76 12.39 0.84 10.45 1.09 2005/06 (Est.) : 10.42 13.90 0.90 11.20 1.80 2006/07 (Proj.) : March : 10.36 14.60 1.12 11.93 1.56 April : 10.28 14.50 1.14 11.75 1.62 : : Foreign 3/ Oilseeds : 2004/05 : 285.30 324.73 43.97 251.79 48.52 2005/06 (Est.) : 294.75 342.61 49.89 265.64 49.06 2006/07 (Proj.) : March : 302.26 348.91 51.46 278.51 46.40 April : 305.99 354.13 51.63 279.31 49.29 Oilmeals : 2004/05 : 166.63 171.41 53.10 170.07 7.42 2005/06 (Est.) : 174.76 180.52 57.72 180.51 6.15 2006/07 (Proj.) : March : 184.50 188.65 60.04 189.13 5.66 April : 185.50 189.94 60.67 190.36 6.02 Vegetable Oils : 2004/05 : 101.64 107.14 41.83 97.62 8.38 2005/06 (Est.) : 107.56 113.54 45.45 104.18 7.38 2006/07 (Proj.) : March : 113.96 118.96 47.40 110.61 7.60 April : 112.82 117.77 46.47 110.19 7.03 =============================================================================== 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-445-11 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :============================== : : Est. : March April =============================================================================== Area : Million acres Planted : 59.7 57.2 57.3 57.3 Harvested : 50.0 50.1 46.8 46.8 Yield per harvested : Bushels acre : 43.2 42.0 38.7 38.7 : Million bushels Beginning stocks : 546 540 571 571 Production : 2,158 2,105 1,812 1,812 Imports : 71 82 115 115 Supply, total : 2,775 2,727 2,498 2,498 Food : 910 915 925 925 Seed : 78 78 81 82 Feed and residual : 182 153 145 170 Domestic, total : 1,169 1,146 1,151 1,177 Exports : 1,066 1,009 875 900 Use, total : 2,235 2,155 2,026 2,077 Ending stocks : 540 571 472 422 CCC inventory : 54 43 35 35 Free stocks : 486 528 437 387 Outstanding loans : 58 42 15 15 Avg. farm price ($/bu) 2/ : 3.40 3.42 4.20- 4.30 4.20- 4.30 =============================================================================== U.S. Wheat by Class: Supply and Use =============================================================================== Year beginning : Hard : Hard : Soft : : : June 1 : Winter : Spring : Red : White : Durum : Total =============================================================================== 2005/06 (estimated) : Million bushels Beginning stocks : 193 159 88 63 38 540 Production : 930 467 309 298 101 2,105 Supply, total 3/ : 1,123 638 424 371 171 2,727 Domestic use : 478 225 241 118 84 1,146 Exports : 430 282 76 175 47 1,009 Use, total : 908 506 318 293 131 2,155 Ending stocks, total : 215 132 106 78 40 571 : 2006/07 (projected) : Beginning stocks : 215 132 106 78 40 571 Production : 682 432 390 254 53 1,812 Supply, total 3/ : 898 608 516 342 134 2,498 Domestic use : 481 239 282 96 78 1,177 Exports : 275 245 145 200 35 900 Use, total : 756 484 427 296 113 2,077 Ending stocks, total : April : 142 124 89 46 21 422 March : 167 134 100 46 26 472 =============================================================================== 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-445-12 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :============================== : : Est. : March April =============================================================================== FEED GRAINS : Area : Million acres Planted : 97.0 96.4 92.5 92.5 Harvested : 86.0 85.9 80.1 80.1 Yield per harvested : Metric tons acre : 3.71 3.47 3.49 3.49 : Million metric tons Beginning stocks : 28.7 58.8 54.7 54.7 Production : 319.2 298.6 279.9 279.9 Imports : 2.1 1.9 2.4 2.4 Supply, total : 350.1 359.3 337.1 337.1 Feed and residual : 165.8 162.9 157.8 154.7 Food, seed & industrial : 74.1 81.5 95.4 95.4 Domestic, total : 239.9 244.4 253.2 250.1 Exports : 51.4 60.1 61.5 61.3 Use, total : 291.3 304.5 314.7 311.4 Ending stocks, total : 58.8 54.7 22.4 25.7 CCC inventory : 0.0 0.0 0.0 0.0 Free stocks : 58.8 54.7 22.4 25.7 Outstanding loans : 7.2 4.4 5.8 5.8 : CORN : Area : Million acres Planted : 80.9 81.8 78.3 78.3 Harvested : 73.6 75.1 70.6 70.6 Yield per harvested : Bushels acre : 160.4 148.0 149.1 149.1 : Million bushels Beginning stocks : 958 2,114 1,967 1,967 Production : 11,807 11,114 10,535 10,535 Imports : 11 9 10 10 Supply, total : 12,776 13,237 12,512 12,512 Feed and residual : 6,158 6,141 5,975 5,850 Food, seed & industrial : 2,686 2,981 3,535 3,535 Ethanol for fuel 2/ : 1,323 1,603 2,150 2,150 Domestic, total : 8,844 9,122 9,510 9,385 Exports : 1,818 2,147 2,250 2,250 Use, total : 10,662 11,270 11,760 11,635 Ending stocks, total : 2,114 1,967 752 877 CCC inventory : 1 0 0 0 Free stocks : 2,113 1,967 752 877 Outstanding loans : 280 171 225 225 Avg. farm price ($/bu) 3/ : 2.06 2.00 3.00- 3.40 3.00- 3.20 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further breakout of FSI corn uses including ethanol, see the Feed Outlook table 5 or access the data on the Web through the Feed Grain Data Delivery System (http://www.ers.usda.gov/db/feedgrains/). 3/ Marketing-year weighted average price received by farmers. WASDE-445-13 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :============================== : : Est. : March April =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 7.5 6.5 6.5 6.5 Area harv. (mil. acres) : 6.5 5.7 4.9 4.9 Yield (bushels/acre) : 69.6 68.5 56.2 56.2 Beginning stocks : 34 57 66 66 Production : 454 393 278 278 Imports : 0 0 0 0 Supply, total : 487 450 343 343 Feed and residual : 191 140 110 110 Food, seed & industrial : 55 50 45 45 Total domestic : 246 190 155 155 Exports : 184 195 150 140 Use, total : 430 384 305 295 Ending stocks, total : 57 66 38 48 Avg. farm price ($/bu) 2/ : 1.79 1.86 3.10- 3.50 3.20- 3.40 : BARLEY : Area planted (mil. acres) : 4.5 3.9 3.5 3.5 Area harv. (mil. acres) : 4.0 3.3 3.0 3.0 Yield (bushels/acre) : 69.6 64.8 61.0 61.0 Beginning stocks : 120 128 108 108 Production : 280 212 180 180 Imports : 12 5 15 15 Supply, total : 412 346 303 303 Feed and residual : 103 52 50 55 Food, seed & industrial : 158 158 155 155 Total domestic : 261 210 205 210 Exports : 23 28 25 25 Use, total : 284 238 230 235 Ending stocks, total : 128 108 73 68 Avg. farm price ($/bu) 2/ : 2.48 2.53 2.85- 2.95 2.88 : OATS : Area planted (mil. acres) : 4.1 4.2 4.2 4.2 Area harv. (mil. acres) : 1.8 1.8 1.6 1.6 Yield (bushels/acre) : 64.7 63.0 59.5 59.5 Beginning stocks : 65 58 53 53 Production : 116 115 94 94 Imports : 90 91 105 105 Supply, total : 271 264 251 251 Feed and residual : 136 136 125 125 Food, seed & industrial : 74 74 75 75 Total domestic : 210 209 200 200 Exports : 3 2 2 2 Use, total : 213 211 202 202 Ending stocks, total : 58 53 49 49 Avg. farm price ($/bu) 2/ : 1.48 1.63 1.80- 1.90 1.85 =============================================================================== 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-445-14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :============================== : : Est. : March April =============================================================================== TOTAL : Area : Million acres Planted : 3.35 3.38 2.84 2.84 Harvested : 3.33 3.36 2.82 2.82 Yield per harvested : Pounds acre : 6,988 6,636 6,868 6,868 : : Million hundredweight : Beginning stocks 2/ : 23.7 37.7 43.0 43.0 Production : 232.4 223.2 193.7 193.7 Imports : 13.2 17.1 19.0 20.0 Supply, total : 269.2 278.1 255.7 256.7 Domestic & residual 3/ : 122.7 119.3 122.8 122.8 Exports, total 4/ : 108.8 115.8 102.0 102.0 Rough : 33.8 34.1 36.0 36.0 Milled (rough equiv.) : 75.0 81.6 66.0 66.0 Use, total : 231.5 235.1 224.8 224.8 Ending stocks : 37.7 43.0 30.9 31.9 Avg. milling yield (%) 5/ : 70.8 70.2 70.5 70.5 Avg. farm price ($/cwt) 6/ : 7.33 7.65 9.75- 9.95 9.75- 9.95 : LONG GRAIN : Harvested acres (mil.) : 2.57 2.73 2.19 2.19 Yield (pounds/acre) : 6,630 6,493 6,689 6,689 Beginning stocks : 10.3 22.7 32.7 32.7 Production : 170.4 177.5 146.2 146.2 Supply, total 7/ : 191.3 212.5 191.9 192.9 Domestic & Residual 3/ : 84.7 86.9 89.8 89.8 Exports 8/ : 83.8 93.0 80.0 80.0 Use, total : 168.5 179.9 169.8 169.8 Ending stocks : 22.7 32.7 22.1 23.1 : : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.75 0.63 0.64 0.64 Yield (pounds/acre) : 8,212 7,255 7,484 7,484 Beginning stocks : 12.4 13.8 9.4 9.4 Production : 61.9 45.7 47.5 47.5 Supply, total 7/ : 76.8 64.7 63.0 63.0 Domestic & Residual 3/ : 38.0 32.5 33.1 33.1 Exports 8/ : 25.0 22.8 22.0 22.0 Use, total : 63.0 55.2 55.1 55.1 Ending stocks : 13.8 9.4 7.9 7.9 =============================================================================== 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): 2004/05-1.0; 2005/06-1.1; 2006/07-0.9. 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-445-15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :=============================== : : Est. : March April =============================================================================== SOYBEANS: : Million acres Area : Planted : 75.2 72.0 75.5 75.5 Harvested : 74.0 71.3 74.6 74.6 : : Bushels Yield per harvested : acre : 42.2 43.0 42.7 42.7 : : Million bushels : Beginning stocks : 112 256 449 449 Production : 3,124 3,063 3,188 3,188 Imports : 6 3 4 4 Supply, total : 3,242 3,322 3,642 3,642 Crushings : 1,696 1,739 1,780 1,765 Exports : 1,097 947 1,100 1,080 Seed : 88 93 87 83 Residual : 104 94 _3/ 79 99 Use, total : 2,986 2,873 3,046 3,027 Ending stocks : 256 449 595 615 Avg. farm price ($/bu) 2/ : 5.74 5.66 6.10- 6.50 6.10 - 6.50 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 1,076 1,699 3,019 3,019 Production : 19,360 20,393 20,165 19,995 Imports : 26 35 30 30 Supply, total : 20,462 22,127 23,214 23,044 Domestic : 17,439 17,955 19,050 18,750 Exports : 1,324 1,153 1,500 1,500 Use, total : 18,763 19,108 20,550 20,250 Ending stocks : 1,699 3,019 2,664 2,794 Average price (c/lb) 2/ : 23.01 23.41 27.50- 28.50- : 29.50 30.50 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 211 172 314 314 Production : 40,715 41,242 42,421 41,821 Imports : 147 141 165 165 Supply, total : 41,073 41,555 42,900 42,300 Domestic : 33,561 33,176 33,900 33,650 Exports : 7,340 8,064 8,700 8,350 Use, total : 40,901 41,241 42,600 42,000 Ending stocks : 172 314 300 300 Average price ($/s.t.) 2/ : 182.89 174.17 185.00- 190.00- : 200.00 200.00 =============================================================================== 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. 3/ Supply estimates and reported use through March 1, coupled with USDA's March 1 stocks estimate, indicate an above-average residual. WASDE-445-16 U.S. Sugar Supply and Use 1/ ====================================================================== : : : 2006/07 Projection Item : 2004/05 : 2005/06 :====================== : : Estimate : March April ====================================================================== : 1,000 short tons, raw value : Beginning stocks : 1,897 1,332 1,698 1,698 Production 2/ : 7,877 7,399 8,589 8,531 Beet sugar : 4,611 4,444 5,050 5,001 Cane sugar : 3,266 2,955 3,539 3,530 Florida : 1,693 1,367 1,756 1,747 Hawaii : 258 223 249 249 Louisiana : 1,157 1,190 1,336 1,336 Texas : 158 175 198 198 Imports : 2,100 3,443 1,964 2,034 TRQ 3/ : 1,408 2,588 1,604 1,574 Other program 4/ : 500 349 300 400 Other 5/ : 192 506 60 60 Supply, total : 11,874 12,174 12,251 12,263 : Exports : 259 203 300 375 Deliveries : 10,188 10,341 10,265 10,145 Food : 10,019 10,184 10,100 9,950 Other 6/ : 169 157 165 195 Miscellaneous 7/ : 95 -68 0 0 Use, total : 10,542 10,476 10,565 10,520 Ending stocks : 1,332 1,698 1,686 1,743 : Stocks to use ratio : 12.6 16.2 16.0 16.6 ====================================================================== 1/ Fiscal years beginning Oct 1. Includes Puerto Rico. Historical data are from FSA, "Sweetener Market Data" (SMD) except imports (U.S. Customs Service, Census Bureau). 2/ Projections for 2006/07 are based on processors' submissions compiled by the Farm Service 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 2006/07, includes shortfall of 325,000 tons. 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2005/06, high-tier (450) and other (56). For 2006/07, high-tier (50) and other (10). 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-445-17 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :=============================== : : Est. : March April =============================================================================== : Million acres Area : Planted : 13.66 14.25 15.27 15.27 Harvested : 13.06 13.80 12.73 12.73 : : Pounds Yield per harvested : acre : 855 831 819 813 : : Million 480 pound bales : Beginning stocks 2/ : 3.45 5.50 6.05 6.05 Production : 23.25 23.89 21.73 21.57 Imports : 0.03 0.03 0.02 0.02 Supply, total : 26.73 29.41 27.79 27.63 Domestic use : 6.69 5.87 5.00 4.95 Exports : 14.44 18.04 14.00 13.50 Use, total : 21.13 23.91 19.00 18.45 Unaccounted 3/ : 0.11 -0.55 -0.01 -0.02 Ending stocks : 5.50 6.05 8.80 9.20 : Avg. farm price 4/ : 41.6 47.7 47.8 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-February 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 2006/07 is 51.3 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-445-18 World Wheat Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2004/05 : World 3/ : 132.60 628.58 109.90 106.65 609.96 111.13 151.22 United States : 14.87 58.74 1.92 4.96 31.82 29.01 14.70 Total foreign : 117.72 569.85 107.98 101.70 578.13 82.12 136.52 Major exporters 4/ : 23.44 201.24 7.72 65.45 135.80 55.82 40.77 Argentina : 1.40 16.00 0.00 0.08 5.01 11.83 0.55 Australia : 5.36 22.60 0.08 3.50 6.20 14.74 7.09 Canada : 6.08 25.86 0.25 5.17 9.39 14.88 7.92 EU-25 5/ : 10.60 136.78 7.39 56.70 115.20 14.37 25.21 Major importers 6/ : 62.69 156.40 60.59 8.29 214.37 3.40 61.91 Brazil : 0.51 5.85 5.21 0.30 10.20 0.02 1.35 China : 43.29 91.95 6.75 4.00 102.00 1.17 38.82 Select. Mideast 7/ : 5.56 18.66 9.60 1.95 28.27 0.60 4.96 N. Africa 8/ : 7.47 17.17 18.41 0.30 32.61 0.21 10.22 Pakistan : 1.38 19.50 1.42 0.40 20.00 0.05 2.25 Southeast Asia 9/ : 2.03 0.00 9.75 0.91 9.30 0.43 2.05 Selected other : India : 6.90 72.15 0.01 0.50 72.84 2.12 4.10 FSU-12 : 10.99 86.58 4.55 20.81 72.88 15.19 14.05 Russia : 2.65 45.40 1.20 13.60 37.40 7.95 3.89 Kazakhstan : 3.78 9.95 0.02 2.70 7.40 2.70 3.64 Ukraine : 1.13 17.50 0.03 2.10 11.70 4.35 2.61 : : 2005/06 (Estimated) : World 3/ : 151.22 621.16 110.71 111.62 624.50 116.65 147.88 United States : 14.70 57.28 2.22 4.17 31.19 27.47 15.55 Total foreign : 136.52 563.88 108.49 107.45 593.31 89.18 132.34 Major exporters 4/ : 40.77 188.94 7.97 69.25 140.07 56.70 40.91 Argentina : 0.55 14.50 0.01 0.08 5.00 9.56 0.50 Australia : 7.09 25.00 0.08 3.70 6.40 16.01 9.76 Canada : 7.92 26.78 0.28 4.97 9.17 16.10 9.71 EU-25 5/ : 25.21 122.67 7.61 60.50 119.50 15.03 20.95 Major importers 6/ : 61.91 162.42 58.77 8.40 218.97 4.42 59.72 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/ : 4.96 19.32 12.18 1.95 29.77 0.60 6.08 N. Africa 8/ : 10.22 15.18 18.56 0.30 33.81 0.23 9.91 Pakistan : 2.25 21.71 0.95 0.40 21.50 0.05 3.36 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 =============================================================================== 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-25. 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-445-19 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: =============================================================================== : : 2006/07 (Projected) World 3/ : March : 147.46 593.11 109.12 108.03 619.34 108.02 121.23 April : 147.88 594.50 108.88 108.78 621.17 108.28 121.21 United States : March : 15.55 49.32 3.13 3.95 31.33 23.81 12.85 April : 15.55 49.32 3.13 4.63 32.03 24.49 11.47 Total foreign : March : 131.91 543.79 106.00 104.08 588.01 84.21 108.38 April : 132.34 545.19 105.74 104.16 589.15 83.79 109.74 Major exporters 4/ : March : 40.91 169.05 7.13 68.88 140.26 54.50 22.33 April : 40.91 169.05 7.13 68.88 140.76 52.50 23.83 Argentina Mar : 0.50 14.20 0.01 0.08 4.90 9.50 0.31 Apr : 0.50 14.20 0.01 0.08 4.90 9.50 0.31 Australia Mar : 9.76 10.50 0.08 4.50 7.20 10.50 2.63 Apr : 9.76 10.50 0.08 4.50 7.20 10.50 2.63 Canada Mar : 9.71 27.30 0.25 5.80 10.17 20.50 6.59 Apr : 9.71 27.30 0.25 5.80 10.17 19.50 7.59 EU-25 5/ Mar : 20.95 117.05 6.80 58.50 118.00 14.00 12.80 Apr : 20.95 117.05 6.80 58.50 118.50 13.00 13.30 Major importers 6/ : March : 59.40 168.54 53.55 7.73 219.54 5.15 56.80 April : 59.72 168.95 52.90 7.83 219.06 4.88 57.62 Brazil Mar : 1.33 2.25 7.50 0.10 10.40 0.05 0.63 Apr : 1.33 2.23 7.50 0.10 10.40 0.05 0.62 China Mar : 34.89 103.50 0.70 4.00 101.00 2.50 35.59 Apr : 34.89 103.50 0.55 4.00 101.00 2.50 35.44 Sel. Mideast 7/Mar : 6.06 18.80 9.80 1.40 29.29 0.55 4.82 Apr : 6.08 18.80 10.00 1.50 29.49 0.55 4.84 N. Africa 8/ Mar : 9.84 18.33 16.20 0.30 34.78 0.22 9.37 Apr : 9.91 18.63 15.30 0.30 34.08 0.22 9.54 Pakistan Mar : 3.15 21.70 0.20 0.40 21.90 0.50 2.65 Apr : 3.36 21.70 0.20 0.40 21.90 0.20 3.16 SE Asia 9/ Mar : 1.99 0.00 10.05 1.12 10.02 0.41 1.61 Apr : 2.00 0.00 10.25 1.12 10.05 0.38 1.83 Selected other : India Mar : 2.00 69.35 6.00 0.30 73.55 0.30 3.50 Apr : 2.00 69.35 6.30 0.30 73.95 0.20 3.50 FSU-12 Mar : 15.17 86.02 4.44 21.56 73.90 17.99 13.74 Apr : 15.17 86.02 4.34 21.46 73.20 18.99 13.34 Russia Mar : 3.81 44.90 1.20 14.10 37.10 10.00 2.81 Apr : 3.81 44.90 1.20 14.10 36.80 10.50 2.61 Kazakhstan Mar : 4.28 13.50 0.02 2.80 8.10 5.00 4.70 Apr : 4.28 13.50 0.02 2.70 7.80 5.50 4.50 Ukraine Mar : 2.41 14.00 0.10 2.10 11.50 2.80 2.21 Apr : 2.41 14.00 0.10 2.10 11.50 2.80 2.21 =============================================================================== 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-25. 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-445-20 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: =============================================================================== : : 2004/05 : World 3/ : 140.29 1015.21 101.19 640.84 976.83 101.75 178.68 United States : 28.76 319.42 2.24 165.86 240.22 51.41 58.80 Total foreign : 111.52 695.80 98.95 474.98 736.61 50.35 119.88 Major exporters 4/ : 10.47 75.13 3.04 36.62 50.04 24.89 13.70 Argentina : 0.95 24.90 0.01 6.60 9.06 15.24 1.56 Australia : 2.25 11.57 0.00 5.61 6.88 4.62 2.32 Canada : 4.08 26.45 2.47 19.21 23.80 2.85 6.34 Major importers 5/ : 32.90 224.92 76.28 214.16 283.30 4.61 46.18 EU-25 6/ : 12.62 150.21 3.68 106.54 138.82 4.01 23.69 Japan : 1.85 0.20 19.71 15.05 19.88 0.00 1.88 Mexico : 5.77 28.95 8.98 22.13 38.28 0.03 5.40 N. Afr & Mideast 7/: 6.16 28.34 20.29 39.11 46.17 0.06 8.56 Saudi Arabia : 2.43 0.20 6.91 6.65 6.84 0.00 2.71 Southeast Asia 8/ : 1.62 16.63 3.24 13.27 19.28 0.52 1.69 South Korea : 1.34 0.34 8.71 6.66 9.01 0.00 1.38 Selected other : China : 45.48 138.25 2.07 100.21 141.17 7.62 37.02 Other Europe : 1.71 29.05 0.64 19.58 24.76 2.38 4.26 FSU-12 : 5.96 62.97 1.06 38.11 54.64 8.10 7.26 Russia : 2.93 29.60 0.68 19.00 29.40 1.13 2.67 Ukraine : 1.62 23.00 0.02 11.35 15.20 6.77 2.67 : : 2005/06 (Estimated) : World 3/ : 178.68 977.95 104.36 634.50 990.89 108.42 165.74 United States : 58.80 298.76 2.06 162.99 244.73 60.13 54.77 Total foreign : 119.88 679.19 102.31 471.51 746.16 48.29 110.98 Major exporters 4/ : 13.70 66.31 3.22 36.96 50.11 20.74 12.39 Argentina : 1.56 19.22 0.00 6.86 9.42 10.50 0.86 Australia : 2.32 13.74 0.00 5.88 7.16 5.64 3.27 Canada : 6.34 26.04 1.99 19.51 23.96 4.08 6.33 Major importers 5/ : 46.18 201.86 78.09 209.14 277.96 5.09 43.08 EU-25 6/ : 23.69 132.08 3.48 100.31 132.45 3.82 22.99 Japan : 1.88 0.19 19.77 15.16 19.99 0.00 1.84 Mexico : 5.40 25.83 9.94 21.20 37.61 0.21 3.36 N. Afr & Mideast 7/: 8.56 26.61 18.84 38.78 45.66 0.87 7.49 Saudi Arabia : 2.71 0.20 8.47 8.00 8.19 0.00 3.20 Southeast Asia 8/ : 1.69 16.57 4.41 14.57 20.33 0.20 2.14 South Korea : 1.38 0.33 8.55 6.56 8.91 0.00 1.35 Selected other : China : 37.02 147.70 2.31 103.12 147.46 3.76 35.81 Other Europe : 4.26 27.10 0.73 19.36 25.01 2.58 4.51 FSU-12 : 7.26 55.17 1.15 33.60 49.57 8.46 5.55 Russia : 2.67 27.60 0.61 17.65 27.70 1.78 1.39 Ukraine : 2.67 18.14 0.09 8.45 11.99 6.50 2.42 =============================================================================== 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-25, 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-445-21 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: =============================================================================== : : 2006/07 (Projected) World 3/ : March : 166.41 966.70 105.44 640.76 1014.47 110.85 118.65 April : 165.74 974.84 105.52 637.52 1017.35 110.59 123.23 United States : March : 54.77 280.11 2.52 157.83 253.46 61.54 22.40 April : 54.77 280.11 2.52 154.76 250.40 61.29 25.72 Total foreign : March : 111.65 686.59 102.93 482.93 761.01 49.32 96.25 April : 110.98 694.73 103.00 482.76 766.96 49.30 97.52 Major exporters 4/ : March : 12.39 63.67 3.70 36.64 50.57 21.42 7.77 April : 12.39 63.62 4.20 36.44 50.37 22.02 7.82 Argentina Mar : 0.86 26.07 0.00 7.71 10.37 14.91 1.66 Apr : 0.86 27.02 0.00 7.91 10.57 15.51 1.81 Australia Mar : 3.27 6.67 0.00 5.33 6.55 2.24 1.16 Apr : 3.27 6.67 0.00 5.33 6.55 2.24 1.16 Canada Mar : 6.33 23.49 2.07 18.94 24.16 3.65 4.09 Apr : 6.33 23.49 2.07 18.94 24.16 3.65 4.09 Major importers 5/ : March : 43.00 201.62 79.66 214.84 284.57 4.73 34.98 April : 43.08 200.86 78.98 213.61 283.52 4.74 34.65 EU-25 6/ Mar : 22.99 126.46 5.55 102.70 135.12 4.21 15.67 Apr : 22.99 126.46 5.55 102.70 135.23 4.13 15.64 Japan Mar : 1.84 0.17 19.52 14.99 19.92 0.00 1.61 Apr : 1.84 0.18 19.50 14.97 19.90 0.00 1.62 Mexico Mar : 3.36 29.13 10.40 22.58 39.08 0.00 3.81 Apr : 3.36 28.73 10.20 22.18 38.68 0.00 3.61 N Afr/M.East 7/Mar : 7.35 27.83 19.11 39.92 47.27 0.30 6.73 Apr : 7.49 27.94 18.71 39.82 47.17 0.30 6.67 Saudi Arabia Mar : 3.20 0.20 7.50 7.83 8.01 0.00 2.89 Apr : 3.20 0.20 7.50 7.83 8.01 0.00 2.89 S.-east Asia 8/Mar : 2.19 17.42 4.06 15.47 21.13 0.23 2.30 Apr : 2.14 16.96 4.01 14.76 20.52 0.31 2.27 South Korea Mar : 1.35 0.33 8.87 6.85 9.23 0.00 1.32 Apr : 1.35 0.33 8.87 6.85 9.23 0.00 1.32 Selected other : China Mar : 35.81 151.44 2.14 104.97 151.38 4.03 33.98 Apr : 35.81 151.44 2.13 104.92 151.38 3.53 34.47 Other Europe Mar : 4.21 23.97 0.65 18.59 24.05 2.53 2.24 Apr : 4.51 23.82 0.67 18.63 24.09 2.53 2.36 FSU-12 Mar : 5.55 58.74 0.96 35.66 51.33 8.38 5.54 Apr : 5.55 58.74 0.89 35.66 51.28 8.38 5.52 Russia Mar : 1.39 30.20 0.63 18.50 28.50 2.10 1.62 Apr : 1.39 30.20 0.60 18.50 28.50 2.10 1.59 Ukraine Mar : 2.42 19.18 0.07 10.25 13.73 5.60 2.34 Apr : 2.42 19.18 0.03 10.25 13.68 5.60 2.34 =============================================================================== 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-25, 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-445-22 World Corn Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2004/05 : World 3/ : 103.86 712.63 77.11 471.14 685.20 78.27 131.28 United States : 24.34 299.91 0.28 156.43 224.65 46.18 53.70 Total foreign : 79.52 412.71 76.84 314.71 460.55 32.09 77.59 Major exporters 4/ : 3.18 32.22 0.37 8.50 14.90 16.72 4.15 Argentina : 0.22 20.50 0.01 3.50 5.20 14.57 0.96 South Africa : 2.96 11.72 0.36 5.00 9.70 2.14 3.19 Major importers 5/ : 12.97 97.51 47.22 100.52 140.09 0.70 16.90 Egypt : 0.48 5.84 5.40 9.50 11.30 0.00 0.42 EU-25 6/ : 2.94 52.97 2.97 42.00 51.70 0.16 7.01 Japan : 1.04 0.00 16.49 12.00 16.50 0.00 1.03 Mexico : 4.46 22.05 5.95 12.60 27.90 0.03 4.53 Southeast Asia 7/ : 1.61 16.53 3.23 13.20 19.20 0.51 1.66 South Korea : 1.34 0.08 8.63 6.62 8.67 0.00 1.38 Selected other : Brazil : 7.88 35.00 0.50 32.10 38.50 0.68 4.19 Canada : 1.14 8.84 2.37 7.91 10.31 0.24 1.80 China : 44.85 130.29 0.00 98.00 131.00 7.59 36.56 Other Europe : 1.18 23.70 0.43 16.33 19.97 1.76 3.57 FSU-12 : 1.36 15.39 0.55 11.01 12.71 2.42 2.17 Ukraine : 0.84 8.80 0.01 5.30 6.00 2.33 1.32 : : 2005/06 (Estimated) : World 3/ : 131.28 695.20 79.25 474.91 702.26 82.05 124.21 United States : 53.70 282.31 0.23 156.00 231.72 54.55 49.97 Total foreign : 77.59 412.88 79.02 318.91 470.54 27.51 74.24 Major exporters 4/ : 4.15 22.74 1.10 8.90 15.20 10.50 2.28 Argentina : 0.96 15.80 0.00 4.40 6.20 10.00 0.56 South Africa : 3.19 6.94 1.10 4.50 9.00 0.50 1.73 Major importers 5/ : 16.90 90.85 48.29 97.56 136.90 0.50 18.63 Egypt : 0.42 5.93 4.40 8.40 10.20 0.00 0.55 EU-25 6/ : 7.01 48.84 3.14 39.20 48.70 0.12 10.16 Japan : 1.03 0.00 16.62 12.10 16.60 0.00 1.05 Mexico : 4.53 19.50 6.79 12.40 27.90 0.21 2.71 Southeast Asia 7/ : 1.66 16.48 4.40 14.50 20.25 0.17 2.12 South Korea : 1.38 0.06 8.48 6.51 8.58 0.00 1.35 Selected other : Brazil : 4.19 41.70 1.15 33.00 39.50 4.52 3.02 Canada : 1.80 9.46 1.93 8.71 10.94 0.25 2.00 China : 36.56 139.36 0.06 101.00 137.00 3.73 35.26 Other Europe : 3.57 22.47 0.45 16.28 20.44 2.12 3.92 FSU-12 : 2.17 13.15 0.62 10.12 11.76 2.54 1.63 Ukraine : 1.32 7.15 0.01 4.40 5.10 2.46 0.92 =============================================================================== 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-25, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-445-23 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: =============================================================================== : : 2006/07 (Projected) World 3/ : March : 124.40 693.15 82.71 480.92 729.75 87.84 87.79 April : 124.21 695.85 82.92 477.92 728.24 87.80 91.82 United States : March : 49.97 267.60 0.25 151.77 241.56 57.15 19.10 April : 49.97 267.60 0.25 148.60 238.39 57.15 22.28 Total foreign : March : 74.43 425.55 82.46 329.15 488.19 30.69 68.69 April : 74.24 428.25 82.67 329.33 489.85 30.65 69.54 Major exporters 4/ : March : 2.28 28.50 1.50 9.50 15.90 14.60 1.78 April : 2.28 28.00 2.00 9.10 15.50 15.10 1.68 Argentina Mar : 0.56 21.50 0.00 5.10 7.00 14.00 1.06 Apr : 0.56 22.00 0.00 5.10 7.00 14.50 1.06 South Africa Mar : 1.73 7.00 1.50 4.40 8.90 0.60 0.73 Apr : 1.73 6.00 2.00 4.00 8.50 0.60 0.63 Major importers 5/ : March : 18.62 89.08 51.15 102.00 141.98 0.40 16.48 April : 18.63 88.80 50.60 101.20 141.27 0.49 16.27 Egypt Mar : 0.47 5.87 4.80 8.60 10.60 0.00 0.54 Apr : 0.55 5.94 4.30 8.40 10.40 0.00 0.39 EU-25 6/ Mar : 10.16 43.88 4.50 41.00 50.80 0.20 7.54 Apr : 10.16 43.88 4.50 41.00 50.80 0.20 7.54 Japan Mar : 1.05 0.00 16.50 12.00 16.60 0.00 0.95 Apr : 1.05 0.00 16.50 12.00 16.60 0.00 0.95 Mexico Mar : 2.71 22.00 8.00 13.90 29.50 0.00 3.21 Apr : 2.71 22.00 8.00 13.90 29.50 0.00 3.21 S.-east Asia 7/Mar : 2.16 17.22 4.05 15.30 20.95 0.20 2.28 Apr : 2.12 16.87 4.00 14.70 20.45 0.29 2.25 South Korea Mar : 1.35 0.07 8.80 6.80 8.90 0.00 1.32 Apr : 1.35 0.07 8.80 6.80 8.90 0.00 1.32 Selected other : Brazil Mar : 3.19 48.00 0.35 34.00 40.50 6.50 4.54 Apr : 3.02 49.50 0.35 34.50 41.00 6.50 5.37 Canada Mar : 2.00 9.30 2.00 8.50 11.50 0.20 1.60 Apr : 2.00 9.30 2.00 8.50 11.50 0.20 1.60 China Mar : 35.26 143.00 0.10 103.00 141.00 4.00 33.36 Apr : 35.26 143.00 0.10 103.00 141.00 3.50 33.86 Other Europe Mar : 3.63 19.81 0.32 15.68 19.66 2.28 1.82 Apr : 3.92 19.74 0.32 15.78 19.76 2.28 1.94 FSU-12 Mar : 1.63 12.83 0.50 10.39 12.03 1.13 1.80 Apr : 1.63 12.83 0.50 10.39 12.03 1.13 1.81 Ukraine Mar : 0.92 6.40 0.00 4.50 5.25 1.00 1.07 Apr : 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-25, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-445-24 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 : =============================================================================== : : 2004/05 World 3/ : 85.39 400.67 26.31 407.92 28.24 78.15 United States : 0.76 7.46 0.42 3.94 3.50 1.21 Total foreign : 84.63 393.21 25.89 403.98 24.75 76.94 Major exporters 4/ : 17.44 128.13 0.32 110.89 19.82 15.18 India : 10.80 83.13 0.00 80.86 4.57 8.50 Pakistan : 0.64 4.92 0.00 2.55 2.80 0.20 Thailand : 1.71 17.36 0.00 9.48 7.27 2.31 Vietnam : 4.30 22.72 0.32 18.00 5.17 4.16 Major importers 5/ : 12.56 60.23 9.25 68.52 0.57 12.94 Brazil : 1.34 9.00 0.55 8.86 0.28 1.75 EU-25 6/ : 0.97 1.87 1.00 2.53 0.18 1.14 Indonesia : 4.02 34.83 0.50 35.85 0.05 3.45 Nigeria : 1.00 2.30 1.37 4.25 0.00 0.42 Philippines : 4.05 9.43 1.50 10.40 0.00 4.57 Sel. Mideast 7/ : 0.99 2.31 3.27 5.05 0.06 1.46 Selected other : Burma : 1.63 9.57 0.00 10.30 0.19 0.71 C. Amer & Carib 8/ : 0.11 0.07 0.42 0.48 0.00 0.13 China : 43.92 125.36 0.61 130.30 0.66 38.93 Egypt : 0.72 4.13 0.00 3.25 1.10 0.50 Japan : 1.70 7.94 0.78 8.30 0.20 1.92 Mexico : 0.18 0.20 0.55 0.75 0.00 0.17 South Korea : 0.85 5.00 0.19 4.86 0.27 0.91 : : 2005/06 (Estimated) World 3/ : 78.15 418.00 26.51 414.68 28.32 81.47 United States : 1.21 7.11 0.54 3.81 3.69 1.37 Total foreign : 76.94 410.89 25.96 410.87 24.63 80.10 Major exporters 4/ : 15.18 138.31 0.40 115.88 19.18 18.83 India : 8.50 91.79 0.00 85.57 4.20 10.52 Pakistan : 0.20 5.55 0.00 2.56 2.90 0.30 Thailand : 2.31 18.20 0.05 9.50 7.38 3.69 Vietnam : 4.16 22.77 0.35 18.25 4.71 4.33 Major importers 5/ : 12.94 60.01 11.05 69.69 0.47 13.84 Brazil : 1.75 7.87 0.75 8.97 0.25 1.15 EU-25 6/ : 1.14 1.73 1.10 2.55 0.16 1.26 Indonesia : 3.45 34.96 0.55 35.80 0.00 3.16 Nigeria : 0.42 2.70 1.78 4.35 0.00 0.55 Philippines : 4.57 9.82 1.90 11.00 0.00 5.29 Sel. Mideast 7/ : 1.46 2.38 3.86 5.43 0.06 2.21 Selected other : Burma : 0.71 10.44 0.00 10.40 0.05 0.70 C. Amer & Carib 8/ : 0.13 0.07 0.51 0.49 0.00 0.22 China : 38.93 126.41 0.65 128.00 1.22 36.78 Egypt : 0.50 4.14 0.00 3.28 0.96 0.40 Japan : 1.92 8.26 0.70 8.25 0.20 2.43 Mexico : 0.17 0.18 0.58 0.78 0.00 0.16 South Korea : 0.91 4.77 0.40 4.85 0.13 1.10 =============================================================================== 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-25. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. WASDE-445-25 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 : =============================================================================== : : 2006/07 (Projected) World 3/ : March : 81.84 414.95 27.36 417.73 29.14 79.07 April : 81.47 415.05 27.55 417.60 29.39 78.91 United States : March : 1.37 6.20 0.60 3.92 3.26 0.99 April : 1.37 6.20 0.64 3.92 3.26 1.02 Total foreign : March : 80.47 408.76 26.76 413.81 25.88 78.08 April : 80.10 408.85 26.92 413.69 26.13 77.89 Major exporters 4/ : March : 19.49 137.62 0.40 118.02 20.90 18.60 April : 18.83 137.22 0.40 117.60 21.20 17.66 India Mar : 11.27 91.00 0.00 87.50 4.30 10.47 Apr : 10.52 91.00 0.00 87.50 4.30 9.72 Pakistan Mar : 0.20 5.60 0.00 2.56 3.00 0.24 Apr : 0.30 5.20 0.00 2.14 3.10 0.26 Thailand Mar : 3.69 18.25 0.10 9.46 8.70 3.88 Apr : 3.69 18.25 0.10 9.46 8.80 3.78 Vietnam Mar : 4.34 22.77 0.30 18.50 4.90 4.01 Apr : 4.33 22.77 0.30 18.50 5.00 3.90 Major importers 5/ : March : 13.69 58.44 11.42 70.24 0.33 12.98 April : 13.84 58.67 11.52 70.38 0.33 13.33 Brazil Mar : 1.15 7.70 0.85 8.95 0.13 0.62 Apr : 1.15 7.70 0.85 8.95 0.13 0.62 EU-25 6/ Mar : 1.26 1.68 1.10 2.60 0.15 1.29 Apr : 1.26 1.68 1.10 2.60 0.15 1.29 Indonesia Mar : 3.16 33.30 1.80 35.85 0.00 2.41 Apr : 3.16 33.30 1.80 35.85 0.00 2.41 Nigeria Mar : 0.55 2.80 1.60 4.45 0.00 0.50 Apr : 0.55 2.90 1.60 4.45 0.00 0.60 Philippines Mar : 5.29 10.05 1.85 11.30 0.00 5.89 Apr : 5.29 10.05 1.85 11.30 0.00 5.89 Sel. Mideast 7/Mar : 2.14 2.44 3.10 5.49 0.05 2.14 Apr : 2.21 2.44 3.20 5.63 0.05 2.17 Selected other : Burma Mar : 0.67 10.50 0.00 10.50 0.15 0.52 Apr : 0.70 10.60 0.00 10.50 0.10 0.70 C. Am & Car. 8/Mar : 0.22 0.07 0.45 0.50 0.00 0.24 Apr : 0.22 0.07 0.45 0.50 0.00 0.24 China Mar : 36.78 128.00 0.80 127.80 1.20 36.58 Apr : 36.78 128.00 0.80 127.80 1.20 36.58 Egypt Mar : 0.36 4.14 0.00 3.30 0.90 0.30 Apr : 0.40 4.38 0.00 3.30 0.90 0.59 Japan Mar : 2.43 7.94 0.65 8.20 0.20 2.62 Apr : 2.43 7.79 0.65 8.25 0.20 2.41 Mexico Mar : 0.16 0.18 0.60 0.80 0.00 0.14 Apr : 0.16 0.18 0.60 0.80 0.00 0.14 South Korea Mar : 1.10 4.68 0.27 4.84 0.10 1.10 Apr : 1.10 4.68 0.27 4.84 0.10 1.10 =============================================================================== 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-25. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. WASDE-445-26 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2004/05 : World : 43.03 120.12 33.39 108.82 34.98 -1.12 53.87 United States : 3.45 23.25 0.03 6.69 14.44 0.11 5.50 Total foreign : 39.58 96.87 33.36 102.13 20.54 -1.23 48.37 Major exporters 4/ : 14.80 45.55 1.89 23.50 16.60 -0.19 22.33 Central Asia 5/ : 1.72 8.07 3/ 1.51 5.92 0.00 2.36 Afr. Fr. Zone 6/ : 1.30 4.93 3/ 0.20 4.13 0.00 1.90 S. Hemis. 7/ : 6.55 10.34 0.45 5.26 4.23 -0.20 8.04 Australia : 0.89 3.00 3/ 0.07 2.00 -0.12 1.96 Brazil : 4.63 5.90 0.21 4.20 1.56 -0.10 5.08 India : 4.19 19.00 1.04 14.80 0.66 0.00 8.76 Major importers 8/ : 22.88 47.42 28.72 73.87 2.59 -1.06 23.62 Mexico : 1.14 0.63 1.81 2.10 0.14 0.03 1.32 China : 14.96 29.00 6.39 38.50 0.03 -1.25 13.06 EU-25 9/ : 0.97 2.31 3.08 3.47 1.65 0.06 1.16 Russia : 0.20 3/ 1.45 1.43 0.00 0.00 0.22 Turkey : 1.48 4.15 3.41 7.10 0.15 0.00 1.79 Pakistan : 1.90 11.14 1.76 10.75 0.56 0.03 3.46 Indonesia : 0.37 0.03 2.20 2.15 0.02 0.05 0.38 Thailand : 0.42 0.06 2.28 2.10 0.00 0.03 0.63 Bangladesh : 0.35 0.06 1.85 1.88 0.00 0.01 0.38 : : 2005/06 (Estimated) : World : 53.87 113.94 44.00 115.93 44.67 -2.59 53.80 United States : 5.50 23.89 0.03 5.87 18.04 -0.55 6.05 Total foreign : 48.37 90.05 43.98 110.06 26.63 -2.04 47.75 Major exporters 4/ : 22.33 43.57 1.54 25.24 22.09 -0.09 20.20 Central Asia 5/ : 2.36 8.36 3/ 1.46 7.00 0.00 2.27 Afr. Fr. Zone 6/ : 1.90 4.20 3/ 0.19 4.44 0.00 1.47 S. Hemis. 7/ : 8.04 8.96 0.61 5.31 5.57 -0.10 6.85 Australia : 1.96 2.80 3/ 0.06 2.88 -0.12 1.94 Brazil : 5.08 4.70 0.31 4.20 1.97 0.00 3.92 India : 8.76 19.05 0.40 16.50 3.45 0.00 8.26 Major importers 8/ : 23.62 42.93 40.09 80.39 2.86 -1.96 25.35 Mexico : 1.32 0.64 1.74 2.10 0.25 0.03 1.32 China : 13.06 26.20 19.28 45.00 0.04 -2.15 15.66 EU-25 9/ : 1.16 2.49 2.30 2.70 2.00 0.06 1.19 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 : 3.46 9.85 1.66 11.75 0.32 0.03 2.87 Indonesia : 0.38 0.03 2.20 2.18 0.02 0.05 0.37 Thailand : 0.63 0.05 1.89 2.05 0.01 0.03 0.50 Bangladesh : 0.38 0.07 2.21 2.20 0.00 0.01 0.46 =============================================================================== 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-445-27 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2006/07 (Projected) World : March : 53.95 116.75 39.01 121.54 38.54 -2.75 52.38 April : 53.80 116.79 38.30 121.88 37.79 -3.36 52.59 United States : March : 6.05 21.73 0.02 5.00 14.00 -0.01 8.80 April : 6.05 21.57 0.02 4.95 13.50 -0.02 9.20 Total foreign : March : 47.90 95.02 39.00 116.54 24.54 -2.74 43.58 April : 47.75 95.23 38.29 116.93 24.29 -3.34 43.39 Major exporters 4/ : March : 20.35 44.87 1.96 26.81 20.95 0.06 19.37 April : 20.20 44.95 1.87 27.21 20.70 -0.04 19.15 Central Asia 5/Mar : 2.27 8.21 3/ 1.40 6.84 0.00 2.24 Apr : 2.27 8.21 3/ 1.40 6.84 0.00 2.24 Afr. Fr. Zn. 6/Mar : 1.47 4.20 3/ 0.19 4.07 0.10 1.32 Apr : 1.47 4.05 3/ 0.19 4.04 0.00 1.29 S. Hemis 7/ Mar : 7.00 8.76 0.91 5.13 4.20 -0.05 7.39 Apr : 6.85 8.99 0.97 5.33 4.15 -0.05 7.38 Australia Mar : 1.94 1.10 3/ 0.06 2.20 -0.07 0.86 Apr : 1.94 1.10 3/ 0.06 2.20 -0.07 0.86 Brazil Mar : 4.07 6.00 0.55 3.95 1.30 0.00 5.37 Apr : 3.92 6.30 0.60 4.15 1.30 0.00 5.37 India Mar : 8.26 21.50 0.50 18.30 4.70 0.00 7.26 Apr : 8.26 21.50 0.35 18.50 4.50 0.00 7.11 Major importers 8/ : March : 25.35 47.01 34.72 85.46 2.20 -2.81 22.23 April : 25.35 47.20 34.07 85.44 2.23 -3.31 22.26 Mexico Mar : 1.32 0.60 1.50 2.05 0.25 0.03 1.10 Apr : 1.32 0.64 1.50 2.05 0.25 0.03 1.13 China Mar : 15.66 30.90 14.00 50.00 0.05 -3.00 13.51 Apr : 15.66 30.90 13.50 50.00 0.08 -3.50 13.49 EU-25 9/ Mar : 1.19 1.61 2.02 2.38 1.43 0.06 0.95 Apr : 1.19 1.61 2.02 2.38 1.43 0.06 0.95 Russia Mar : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Apr : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Turkey Mar : 1.70 4.00 3.10 7.00 0.15 0.00 1.65 Apr : 1.70 4.00 3.10 7.00 0.15 0.00 1.65 Pakistan Mar : 2.87 9.70 2.20 12.10 0.20 0.03 2.45 Apr : 2.87 9.85 2.10 12.10 0.20 0.03 2.50 Indonesia Mar : 0.37 0.03 2.20 2.18 0.02 0.05 0.35 Apr : 0.37 0.03 2.20 2.18 0.02 0.05 0.35 Thailand Mar : 0.50 0.05 2.00 2.05 0.00 0.03 0.47 Apr : 0.50 0.05 2.00 2.05 0.00 0.03 0.47 Bangladesh Mar : 0.46 0.07 2.30 2.30 0.00 0.01 0.52 Apr : 0.46 0.07 2.30 2.30 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, 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-445-28 World Soybean Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : : :stocks :Beginning:Produc-: : Domestic : : : stocks : tion :Imports: Crush : Total :Exports: =============================================================================== : : 2004/05 World 2/ : 38.80 215.74 63.71 175.68 205.16 64.64 48.45 United States : 3.06 85.01 0.15 46.16 51.40 29.86 6.96 Total foreign : 35.75 130.73 63.55 129.52 153.76 34.78 41.49 Major exporters 3/ : 31.18 96.05 1.20 57.54 62.04 32.59 33.80 Argentina : 15.58 39.00 0.69 27.31 28.75 9.57 16.96 Brazil : 15.51 53.00 0.48 29.25 32.10 20.14 16.75 Major importers 4/ : 3.62 19.55 51.95 53.33 68.34 0.42 6.36 China : 2.10 17.40 25.80 30.36 40.21 0.39 4.70 EU-25 : 0.90 0.79 14.54 14.00 15.35 0.01 0.87 Japan : 0.30 0.17 4.30 3.15 4.50 0.00 0.26 Mexico : 0.04 0.13 3.64 3.73 3.76 0.00 0.05 : : 2005/06 (Estimated) World 2/ : 48.45 219.93 64.00 184.53 214.52 64.07 53.79 United States : 6.96 83.37 0.09 47.32 52.41 25.78 12.23 Total foreign : 41.49 136.56 63.90 137.21 162.11 38.29 41.56 Major exporters 3/ : 33.80 101.50 0.68 61.32 66.02 35.56 34.39 Argentina : 16.96 40.50 0.58 31.89 33.34 7.25 17.45 Brazil : 16.75 57.00 0.08 28.29 31.19 25.91 16.73 Major importers 4/ : 6.36 18.65 53.07 56.40 71.78 0.39 5.91 China : 4.70 16.35 28.32 34.50 44.54 0.35 4.47 EU-25 : 0.87 0.86 13.93 13.31 14.73 0.02 0.92 Japan : 0.26 0.23 3.96 2.82 4.19 0.00 0.25 Mexico : 0.05 0.15 3.67 3.78 3.82 0.00 0.04 : : 2006/07 (Projected) World 2/ : March : 52.33 229.40 69.13 194.12 223.84 69.51 57.50 April : 53.79 233.49 68.70 194.87 225.51 69.46 61.02 United States : March : 12.23 86.77 0.11 48.44 52.97 29.94 16.20 April : 12.23 86.77 0.11 48.04 52.99 29.39 16.73 Total foreign : March : 40.10 142.63 69.02 145.68 170.87 39.57 41.30 April : 41.56 146.73 68.59 146.83 172.52 40.07 44.29 Major exporters 3/ : March : 32.93 105.70 0.84 64.10 68.47 36.45 34.56 April : 34.39 109.80 0.82 65.15 70.02 36.95 38.04 Argentina Mar : 17.45 44.00 0.73 35.00 36.57 7.25 18.36 Apr : 17.45 45.50 0.73 35.00 36.54 7.55 19.59 Brazil Mar : 15.27 57.00 0.10 27.90 30.37 25.90 16.10 Apr : 16.73 58.80 0.08 28.90 31.87 26.10 17.64 Major importers 4/ : March : 5.91 18.55 57.03 59.99 75.72 0.43 5.34 April : 5.91 18.52 56.73 60.19 75.89 0.43 4.84 China Mar : 4.47 16.20 31.50 37.50 47.85 0.39 3.93 Apr : 4.47 16.20 31.00 37.50 47.85 0.39 3.43 EU-25 Mar : 0.92 0.92 14.14 13.67 15.05 0.02 0.90 Apr : 0.92 0.92 14.34 13.87 15.25 0.02 0.90 Japan Mar : 0.25 0.20 4.10 2.93 4.29 0.00 0.26 Apr : 0.25 0.20 4.10 2.93 4.29 0.00 0.26 Mexico Mar : 0.04 0.16 3.78 3.90 3.94 0.00 0.04 Apr : 0.04 0.16 3.78 3.90 3.94 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-445-29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2004/05 World 2/ : 5.01 138.76 45.77 137.01 46.62 5.90 United States : 0.19 36.94 0.13 30.45 6.66 0.16 Total foreign : 4.82 101.83 45.63 106.57 39.97 5.75 Major exporters 3/ : 2.44 48.19 0.27 10.80 36.70 3.40 Argentina : 0.61 21.53 0.00 0.55 20.65 0.94 Brazil : 1.80 22.66 0.25 8.88 14.26 1.58 India : 0.04 4.01 0.01 1.38 1.79 0.88 Major importers 4/ : 1.19 36.81 27.38 62.96 1.22 1.20 EU-25 : 0.85 11.01 21.72 32.23 0.51 0.85 China : 0.00 24.03 0.07 23.44 0.66 0.00 : : 2005/06 (Estimated) World 2/ : 5.90 145.11 50.28 145.18 51.40 4.71 United States : 0.16 37.41 0.13 30.10 7.32 0.29 Total foreign : 5.75 107.70 50.15 115.08 44.09 4.42 Major exporters 3/ : 3.40 51.18 0.20 11.57 40.77 2.44 Argentina : 0.94 25.02 0.00 0.57 24.19 1.20 Brazil : 1.58 21.84 0.20 9.60 12.90 1.12 India : 0.88 4.33 0.00 1.41 3.68 0.12 Major importers 4/ : 1.20 39.49 29.49 68.03 1.09 1.06 EU-25 : 0.85 10.47 22.61 32.38 0.69 0.86 China : 0.00 27.30 0.84 27.78 0.36 0.00 : : 2006/07 (Projected) World 2/ : March : 4.43 152.97 51.66 151.36 53.08 4.62 April : 4.71 153.39 52.29 151.76 53.60 5.02 United States : March : 0.29 38.48 0.15 30.75 7.89 0.27 April : 0.29 37.94 0.15 30.53 7.58 0.27 Total foreign : March : 4.14 114.49 51.51 120.61 45.19 4.35 April : 4.42 115.45 52.14 121.23 46.03 4.75 Major exporters 3/ : March : 2.16 54.12 0.28 12.34 41.75 2.46 April : 2.44 54.94 0.25 12.19 42.58 2.86 Argentina Mar : 1.10 27.45 0.00 0.73 26.65 1.18 Apr : 1.20 27.50 0.00 0.58 26.95 1.18 Brazil Mar : 0.94 21.63 0.28 10.10 11.50 1.24 Apr : 1.12 22.40 0.25 10.10 12.13 1.54 India Mar : 0.12 5.04 0.00 1.52 3.60 0.05 Apr : 0.12 5.04 0.00 1.52 3.50 0.15 Major importers 4/ : March : 1.06 42.29 29.49 70.62 1.18 1.04 April : 1.06 42.47 29.69 71.02 1.15 1.04 EU-25 Mar : 0.86 10.76 22.58 32.62 0.73 0.86 Apr : 0.86 10.94 22.58 32.82 0.70 0.86 China Mar : 0.00 29.70 0.35 29.65 0.40 0.00 Apr : 0.00 29.70 0.35 29.65 0.40 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-445-30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2004/05 World 2/ : 2.31 32.45 8.95 31.69 9.26 2.76 United States : 0.49 8.78 0.01 7.91 0.60 0.77 Total foreign : 1.82 23.67 8.94 23.78 8.66 1.99 Major exporters 3/ : 0.95 13.14 0.18 5.59 7.69 0.99 Argentina : 0.40 5.09 0.00 0.40 4.76 0.34 Brazil : 0.37 5.55 0.00 3.05 2.41 0.45 EU-25 : 0.18 2.51 0.18 2.15 0.51 0.20 Major importers 4/ : 0.44 6.32 3.82 9.90 0.05 0.64 China : 0.34 5.42 1.73 7.20 0.04 0.25 India : 0.10 0.90 2.03 2.63 0.01 0.39 Pakistan : 0.01 0.00 0.06 0.06 0.00 0.01 : : 2005/06 (Estimated) World 2/ : 2.76 34.35 9.03 33.54 9.72 2.88 United States : 0.77 9.25 0.02 8.15 0.52 1.37 Total foreign : 1.99 25.10 9.02 25.40 9.20 1.51 Major exporters 3/ : 0.99 13.73 0.74 6.31 8.32 0.83 Argentina : 0.34 6.00 0.00 0.42 5.60 0.33 Brazil : 0.45 5.35 0.03 3.05 2.47 0.31 EU-25 : 0.20 2.38 0.71 2.84 0.26 0.19 Major importers 4/ : 0.64 7.12 3.22 10.51 0.11 0.36 China : 0.25 6.15 1.52 7.61 0.11 0.20 India : 0.39 0.97 1.68 2.88 0.01 0.15 Pakistan : 0.01 0.00 0.02 0.02 0.00 0.00 : : 2006/07 (Projected) World 2/ : March : 2.95 35.82 9.82 35.94 9.95 2.71 April : 2.88 35.92 9.81 35.72 10.13 2.76 United States : March : 1.37 9.15 0.01 8.64 0.68 1.21 April : 1.37 9.07 0.01 8.51 0.68 1.27 Total foreign : March : 1.58 26.68 9.81 27.30 9.27 1.50 April : 1.51 26.85 9.80 27.21 9.45 1.49 Major exporters 3/ : March : 0.90 14.35 0.98 7.04 8.29 0.91 April : 0.83 14.53 0.95 6.95 8.47 0.90 Argentina Mar : 0.61 6.60 0.00 0.62 6.02 0.57 Apr : 0.33 6.60 0.00 0.61 6.02 0.30 Brazil Mar : 0.10 5.30 0.03 3.28 2.03 0.13 Apr : 0.31 5.45 0.03 3.20 2.20 0.39 EU-25 Mar : 0.19 2.45 0.95 3.14 0.25 0.20 Apr : 0.19 2.48 0.92 3.14 0.25 0.20 Major importers 4/ : March : 0.36 7.84 3.57 11.32 0.13 0.31 April : 0.36 7.84 3.57 11.32 0.13 0.31 China Mar : 0.20 6.70 1.70 8.26 0.13 0.22 Apr : 0.20 6.70 1.70 8.26 0.13 0.22 India Mar : 0.15 1.14 1.85 3.05 0.01 0.08 Apr : 0.15 1.14 1.85 3.05 0.01 0.08 Pakistan Mar : 0.00 0.00 0.02 0.02 0.00 0.00 Apr : 0.00 0.00 0.02 0.02 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-445-31 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 2005 : Annual : 24683 20685 45711 35365 5504 41386 87097 7509 176.9 : 2006 : I : 6082 5335 11502 8938 1355 10418 21920 1879 45.5 II : 6724 5008 11815 9130 1440 10701 22516 1882 46.9 III : 6834 5087 11999 8884 1419 10429 22428 1894 44.7 IV : 6513 5625 12224 8801 1473 10395 22619 1917 44.6 Annual : Mar Est : 26153 21055 47540 35752 5686 41943 89483 7572 181.8 Apr Est : 26153 21055 47540 35752 5686 41943 89483 7572 181.8 : 2007 : I*: 6265 5400 11755 8650 1430 10190 21945 1860 46.0 II*: 6830 5200 12111 8925 1475 10520 22631 1875 47.5 III*: 6900 5250 12230 9050 1450 10620 22850 1925 45.3 IV*: 6330 5725 12139 8950 1470 10535 22674 1945 45.1 Annual : Mar Proj : 26575 21600 48511 35900 5780 42170 90681 7600 184.1 Apr Proj : 26325 21575 48235 35575 5825 41865 90100 7605 183.8 =============================================================================== * 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 Products 1/ =============================================================================== 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 2005 : Annual : 87.28 50.05 70.8 73.4 65.5 15.14 : 2006 : I : 89.24 42.63 62.7 67.3 71.4 13.53 II : 80.39 48.45 61.0 71.3 62.7 12.00 III : 85.40 51.83 67.8 79.4 64.0 12.23 IV : 86.61 46.13 65.9 89.8 89.0 13.83 Annual : Mar Est : 85.41 47.26 64.4 77.0 71.8 12.90 Apr Est : 85.41 47.26 64.4 77.0 71.8 12.90 : 2007 : I*: 90.61 46.04 75.0 69.7 105.3 14.97 II*: 87-91 46-48 74-78 73-75 88-92 15.80-16.20 III*: 82-88 44-48 73-79 75-81 84-90 15.55-16.25 IV*: 83-89 43-47 71-77 80-86 91-99 15.85-16.85 Annual : Mar Proj : 84-89 45-47 72-77 74-79 88-93 15.05-15.65 Apr Proj : 86-90 45-47 73-77 74-78 92-97 15.55-16.05 =============================================================================== *Projection. 1/ Simple average of months. 2/ Nebraska, Direct, 1100-1300 lbs. 3/ National Base, Live equiv 51-51% lean. 4/ Wholesale, 12-city average. 5/ 8-12 lbs, Eastern Region. 5/ Grade A large, New York, volume buyers. 6/ Prices received by farmers for all milk. WASDE-445-32 U.S. Meats Supply and Use ============================================================================ : Supply : Use :--------------------------------------------------------- : : : : : : : Consumption : : 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 : 2005 : 637 24787 3599 29023 698 571 27754 65.5 2006 Est. Mar : 571 26258 3085 29914 1153 630 28131 65.8 Apr : 571 26258 3085 29914 1153 630 28131 65.8 2007 Proj. Mar : 630 26680 3280 30590 1345 600 28645 66.4 Apr : 630 26430 3300 30360 1290 550 28520 66.1 : PORK : 2005 : 543 20705 1025 22273 2665 494 19114 50.0 2006 Est. Mar : 494 21075 989 22558 2997 514 19047 49.4 Apr : 494 21075 989 22558 2997 514 19047 49.4 2007 Proj. Mar : 514 21620 990 23124 3150 515 19459 50.0 Apr : 514 21595 930 23039 3340 515 19184 49.3 : TOTAL RED MEAT 5/ : 2005 : 1187 45848 4804 51839 3372 1080 47387 117.0 2006 Est. Mar : 1080 47679 4264 53023 4168 1166 47689 116.6 Apr : 1080 47679 4264 53023 4168 1166 47689 116.6 2007 Proj. Mar : 1166 48649 4464 54279 4507 1135 48637 117.9 Apr : 1166 48373 4424 53963 4642 1085 48236 116.9 : BROILERS : 2005 : 713 34986 34 35733 5203 924 29607 85.7 2006 Est. Mar : 924 35369 47 36340 5272 745 30323 87.0 Apr : 924 35369 47 36340 5272 745 30323 87.0 2007 Proj. Mar : 745 35516 48 36309 5405 750 30154 85.7 Apr : 745 35194 48 35987 5405 700 29882 85.0 : TURKEYS : 2005 : 288 5432 8 5728 570 206 4952 16.7 2006 Est. Mar : 206 5612 12 5829 546 218 5065 16.9 Apr : 206 5612 12 5829 546 218 5065 16.9 2007 Proj. Mar : 218 5704 12 5935 585 250 5100 16.9 Apr : 218 5749 12 5979 585 250 5144 17.0 : TOTAL POULTRY 6/ : 2005 : 1005 40935 42 41981 5902 1132 34947 103.7 2006 Est. Mar : 1132 41485 61 42678 5978 969 35732 105.1 Apr : 1132 41485 61 42678 5978 969 35732 105.1 2007 Proj. Mar : 969 41710 63 42741 6120 1005 35616 103.8 Apr : 969 41408 63 42439 6120 955 35364 103.1 : RED MEAT & POULTRY: 2005 : 2192 86783 4846 93821 9274 2212 82335 220.7 2006 Est. Mar : 2212 89164 4325 95701 10146 2135 83421 221.7 Apr : 2212 89164 4325 95701 10146 2135 83421 221.7 2007 Proj. Mar : 2135 90359 4527 97020 10627 2140 84253 221.7 Apr : 2135 89781 4487 96402 10762 2040 83600 220.0 ============================================================================ 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, Bureau of Economic Analysis. 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-445-33 U.S. Egg Supply and Use =============================================================================== : : : 2006 Estimated : 2007 Projected : : :-----------------:----------------- Commodity : 2004 : 2005 : Mar : Apr : Mar : Apr =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 13.7 14.5 16.0 16.0 12.5 12.5 Production : 7440.0 7509.0 7572.0 7572.0 7600.0 7605.0 Imports : 12.7 9.0 7.1 7.1 7.2 7.2 Total supply : 7466.4 7532.5 7595.1 7595.1 7619.7 7624.7 : Use : Exports : 167.5 203.3 202.0 202.0 226.0 232.0 Hatching use : 988.1 999.8 994.0 994.0 990.0 990.0 Ending stocks : 14.5 16.0 12.5 12.5 13.0 13.0 Consumption : Total : 6296.3 6313.4 6386.6 6386.6 6390.7 6389.7 Per capita (number) : 257.1 255.4 256.0 256.0 253.9 253.8 =============================================================================== U.S. Milk Supply and Use =============================================================================== : : : 2006 Estimated : 2007 Projected Commodity : : :-----------------:----------------- : 2004 : 2005 : Mar : Apr : Mar : Apr =============================================================================== : Billion pounds Milk : Production : 170.9 176.9 181.8 181.8 184.1 183.8 Farm use : 1.1 1.1 1.1 1.1 1.0 1.0 : Fat Basis Supply : Beg. commercial stocks : 8.3 7.2 8.0 8.0 9.5 9.5 Marketings : 169.8 175.9 180.7 180.7 183.1 182.8 Imports : 5.3 5.0 5.0 5.0 5.3 5.3 Total cml. supply : 183.4 188.0 193.7 193.7 197.9 197.6 : Fat Basis Use : Ending commercial stks : 7.2 8.0 9.5 9.5 8.6 8.6 CCC net removals 1/ : -0.1 -0.0 0.0 0.0 0.0 0.0 Commercial use 2/ : 176.4 180.0 184.2 184.2 189.3 189.0 : Skim-solids Basis Supply : Beg. commercial stocks : 8.5 8.2 9.0 9.0 9.1 9.1 Marketings : 169.8 175.9 180.7 180.7 183.1 182.8 Imports : 4.8 4.8 4.8 4.8 5.2 5.1 Total cml. supply : 183.1 188.9 194.5 194.5 197.4 197.0 : Skim-solids Basis Use : Ending commercial stks : 8.2 9.0 9.1 9.1 8.8 8.8 CCC net removals 1/ : 1.3 -1.0 0.7 0.7 0.0 0.0 Commercial use 2/ : 173.7 180.9 184.6 184.6 188.6 188.2 : : Million pounds CCC product net removals 1/: Butter : -7 0 0 0 0 0 Cheese : 6 -2 0 0 0 0 Nonfat dry milk : 105 -81 64 64 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-445-34 U.S. Dairy Prices =============================================================================== : : : 2006 Estimated : 2007 Projected : : :-----------------:------------------ Commodity : 2004 : 2005 : Mar : Apr : Mar : Apr =============================================================================== : Dollars per pound : Product Prices 1/ : Cheese : 1.6431 1.4875 1.2470 1.2470 1.330- 1.350- : 1.390 1.400 : Butter : 1.8239 1.5405 1.2193 1.2193 1.240- 1.255- : 1.330 1.335 : Nonfat dry milk : 0.8405 0.9409 0.8874 0.8874 1.110- 1.190- : 1.160 1.230 : Dry whey : 0.2319 0.2782 0.3285 0.3285 0.595- 0.650- : 0.625 0.680 : : Dollars per cwt Milk Prices 2/ : Class III : 15.39 14.05 11.89 11.89 14.10- 14.65- : 14.70 15.15 : Class IV : 13.20 12.87 11.06 11.06 12.95- 13.65- : 13.65 14.25 : All milk 3/ : 16.05 15.14 12.90 12.90 15.05- 15.55- : 15.65 16.05 : =============================================================================== 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-445-35 Note: Tables on pages 35-37 present a 25-year record of the differences between the April projection and the final estimate. Using world wheat production as an example, changes between the April projection and the final estimate have averaged 2.1 million tons (0.4%) ranging from -6.8 to 6.5 million tons. The April projection has been below the estimate 15 times and above 10 times. Reliability of April Projections =============================================================================== :Differences between proj. & final estimate,1981/82-2005/06 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== WHEAT :Percent Million metric tons Number of years 2/ Production : World : 0.4 2.1 -6.8 6.5 15 10 U.S. : 0.1 0.1 -0.2 0.1 11 6 Foreign : 0.5 2.1 -6.8 6.5 15 10 Exports : World : 2.6 3.0 -7.8 4.0 18 7 U.S. : 2.1 0.7 -1.9 2.1 9 16 Foreign : 3.8 3.1 -8.0 5.4 18 7 Domestic use : World : 0.6 3.0 -8.8 7.1 11 14 U.S. : 2.8 0.8 -1.6 2.2 10 15 Foreign : 0.6 2.8 -7.2 6.6 11 14 Ending stocks : World : 2.3 2.9 -8.9 3.9 18 6 U.S. : 5.6 1.0 -4.0 1.2 17 8 Foreign : 2.5 2.5 -8.5 5.0 19 5 : COARSE GRAINS 3/ : Production : World : 0.7 6.3 -14.7 13.3 19 6 U.S. : 0.1 0.1 -0.2 1.3 11 6 Foreign : 1.0 6.3 -14.7 13.3 19 6 Exports : World : 3.2 3.3 -7.2 6.2 16 9 U.S. : 4.6 2.4 -5.2 7.2 14 11 Foreign : 4.7 2.5 -7.5 4.0 18 7 Domestic use : World : 0.7 5.8 -16.2 20.0 11 14 U.S. : 1.8 3.2 -16.8 9.3 10 15 Foreign : 0.8 5.3 -13.1 17.3 15 10 Ending stocks : World : 6.4 8.6 -27.0 14.9 20 5 U.S. : 6.1 3.4 -12.1 8.2 13 12 Foreign : 8.5 6.9 -24.2 10.2 19 6 : RICE, milled : Production : World : 1.1 3.7 -13.3 10.8 19 6 U.S. : 1.0 0.1 -0.2 0.2 9 4 Foreign : 1.1 3.7 -13.3 10.8 19 6 Exports : World : 6.5 1.2 -4.4 1.1 22 3 U.S. : 4.7 0.1 -0.5 0.3 13 9 Foreign : 7.2 1.1 -4.3 1.1 22 3 Domestic use : World : 0.8 2.7 -8.7 5.2 20 5 U.S. : 5.1 0.1 -0.4 0.4 9 15 Foreign : 0.8 2.7 -8.8 4.9 20 5 Ending stocks : World : 5.8 2.8 -13.2 4.3 17 8 U.S. : 15.8 0.2 -0.4 0.4 13 12 Foreign : 6.1 2.8 -12.8 4.2 16 9 =============================================================================== 1/ Footnotes at end of table. CONTINUED WASDE-445-36 Reliability of April Projections (Continued) =============================================================================== :Differences between proj. & final estimate,1981/82-2005/06 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== SOYBEANS :Percent Million metric tons Number of years 2/ Production : World : 1.6 2.1 -4.0 5.9 14 11 U.S. : 0.9 0.6 -1.6 1.8 10 11 Foreign : 2.4 1.8 -4.6 5.4 17 8 Exports : World : 4.1 1.7 -5.6 7.4 14 11 U.S. : 4.1 0.9 -1.6 3.0 17 8 Foreign : 11.2 1.7 -5.3 7.0 12 13 Domestic use : World : 1.5 2.0 -4.4 9.0 16 9 U.S. : 1.9 0.8 -2.3 1.4 17 8 Foreign : 1.8 1.7 -3.5 10.4 14 11 Ending stocks : World : 10.7 2.6 -6.5 10.5 15 10 U.S. : 18.3 1.4 -2.6 4.7 9 16 Foreign : 11.4 2.0 -6.2 7.2 17 8 : COTTON : Million 480-pound bales Production : World : 0.9 0.8 -3.0 0.8 20 4 U.S. : 0.2 0.0 -0.2 0.1 9 9 Foreign : 1.2 0.8 -3.0 0.8 19 5 Exports : World : 2.9 0.8 -2.8 1.1 15 10 U.S. : 3.4 0.3 -1.2 0.6 9 13 Foreign : 3.7 0.7 -3.4 1.2 13 12 Mill use : World : 1.2 1.0 -2.4 1.2 16 9 U.S. : 2.7 0.2 -0.6 0.4 16 6 Foreign : 1.3 1.0 -2.0 1.4 16 9 Ending stocks : World : 5.4 1.9 -3.9 3.3 17 8 U.S. : 9.2 0.4 -1.0 1.6 10 15 Foreign : 5.9 1.9 -4.6 2.7 15 10 =============================================================================== 1/ Final estimate for 1981/82-2005/06 is defined as the first November estimate following the marketing year. 2/ May not total 25 if projection was the same as final estimate. 3/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. WASDE-445-37 Reliability of United States April Projections 1/ =============================================================================== :Differences between proj. & final estimate,1981/82-2005/06 2/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== CORN :Percent Million bushels Number of years 3/ Production : 0.0 2 -8 38 1 1 Exports : 4.7 83 -197 209 11 14 Domestic use : 1.7 103 -474 225 11 14 Ending stocks : 7.6 137 -470 358 13 12 : SORGHUM : Production : 0.0 0 0 4 0 2 Exports : 9.8 23 -70 72 16 8 Domestic use : 6.5 29 -158 77 10 14 Ending stocks : 27.4 28 -53 148 13 12 : BARLEY : Production : 0.3 1 -3 11 11 4 Exports : 9.1 5 -10 13 5 17 Domestic use : 3.2 13 -30 64 10 13 Ending stocks : 9.0 15 -52 24 17 8 : OATS : Production : 0.1 0 -2 1 4 3 Exports : 17.0 1 -1 3 4 4 Domestic use : 2.3 9 -26 24 10 14 Ending stocks : 8.4 10 -30 21 14 11 : : Thousand short tons SOYBEAN MEAL : Production : 2.1 687 -2153 617 20 5 Exports : 6.8 475 -1450 941 20 5 Domestic use : 1.6 403 -956 541 18 7 Ending stocks : 31.9 79 -214 208 10 14 : : Million pounds SOYBEAN OIL : Production : 2.2 333 -1058 310 20 5 Exports : 11.4 184 -500 564 14 10 Domestic use : 1.4 183 -562 245 16 8 Ending stocks : 14.1 234 -753 423 17 8 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 2.2 542 -852 1388 17 7 Pork : 2.0 329 -790 983 17 7 Broilers : 1.2 280 -605 584 16 8 Turkeys : 1.9 82 -244 175 13 11 : : Million dozen Eggs : 1.1 67 -120 143 18 6 : : Billion pounds Milk : 1.1 1.6 -4.3 5.2 13 11 =============================================================================== 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. 3/ May not total 25 for crops and 24 for animal production if projection was the same as the final estimate. 4/ Calendar years 1982 thru 2005 for meats, eggs, and milk. Final for animal products is defined as latest annual production estimate published by NASS. ------------ End of File --------------