ISSN:1554-9089 WASDE-460 July 11, 2008 NOTE: This report adopts U.S. area, yield, and production forecasts for winter wheat, durum, other spring wheat, barley, and oats released today by the National Agricultural Statistics Service (NASS). For other crops, area estimates reflect the June 30 NASS Acreage report, and methods used to project yield are noted on each table. Survey-based production forecasts reported by NASS will be adopted in the August 12 issue of this report. WHEAT: U.S. 2008/09 wheat supplies are projected higher this month on higher carryin and production. Beginning stocks are raised 52 million bushels based on June 1 stocks. Winter wheat production is forecast up 47 million bushels mostly on higher soft red production. The first survey-based production forecast for spring wheat (including durum) is 596 million bushels, up 8 percent from last year, but 18 million bushels lower than last month's projection. Feed and residual use for 2008/09 is raised 30 million bushels with increased supplies, particularly for soft red winter wheat, and higher expected corn prices. Ending stocks are projected at 537 million bushels, up 50 million from last month. The first 2008/09 by-class wheat supply and demand projections indicate larger supplies of all classes of wheat except hard red spring. The 2008/09 marketing year average farm price is projected at $6.75 to $8.25 per bushel, unchanged from last month. Global 2008/09 wheat production is projected at a record 664 million tons, up 1.3 million tons from last month and 53 million tons higher than the weather-reduced 2007/08 crop. This month's increase reflects higher production in Australia, EU-27, and the United States, which more than offsets a reduction for Iran. Production for Australia is raised 1.0 million tons based on increased area in the latest government estimates. EU-27 production is projected 1.7 million tons higher on increased yields for France, Bulgaria, and Romania, which more than offset reductions for Germany and Poland. Favorable weather continues to boost EU-27 crop prospects despite May and late June dryness in parts of Germany and Poland. Recent rains in these countries, however, have been beneficial and helped stabilize conditions for affected crops. Production for Iran is cut 2.0 million tons as extreme, prolonged drought in the major rain- fed growing areas has sharply reduced output. Global 2008/09 wheat imports, exports, and consumption are all raised this month with increased supplies. World imports are raised on increases for Iran and South Korea, up 2.0 million tons and 0.5 million tons, respectively. World exports are raised with a 1.0-million-ton increase for EU-27 and increases for Kazakhstan and Ukraine, each up 0.5 million tons. World wheat feeding is projected 1.9 million tons higher on increases for Canada, South Korea, and the United States. World wheat ending stocks are projected 1.0 million tons higher with increases for the United States and Australia only partly offset by a number of smaller reductions elsewhere. Global 2007/08 wheat imports and exports are also raised this month. The largest import increases are for North Africa countries and the United States. The largest export increases are for Canada and the EU-27. Global ending stocks for 2007/08 are raised mostly reflecting higher stocks in the United States. COARSE GRAINS: U.S. 2008/09 corn ending stocks are projected higher this month as higher carryin and reductions in food, seed, and industrial use more than offset lower production and higher feed and residual use. Harvested area is raised 100,000 acres based on the June 30 Acreage report. Production, however, is projected 20 million bushels lower at 11.715 billion as the projected yield is lowered 0.5 bushels per acre. As indicated in the Acreage report, heavy June rains and flooding reduced the share of harvested area in the higher- yielding Corn Belt states. Feed and residual use for 2008/09 is raised 50 million bushels based on higher expected pork and poultry production in the first half of the 2008/09 marketing year. Food, seed, and industrial use is lowered 65 million bushels, in line with changes to the 2007/08 marketing year. Ending stocks are projected 160 million bushels higher at 833 million. The 2008/09 marketing year average price received by producers is projected at $5.50 to $6.50 per bushel, up 20 cents on each end of the range. The tighter balance sheet for soybeans and higher soybean prices are expected to drive competition for 2009 acreage keeping cash and futures corn prices relatively strong, but below recent record levels. Ending stocks for 2007/08 are projected 165 million bushels higher with food, seed, and industrial use lowered 65 million bushels and feed and residual use lowered 100 million bushels. Ethanol corn use for 2007/08 is lowered 50 million bushels based on reported delays in plant startups and construction, as well as lower expected plant capacity utilization as indicated by the most recent ethanol production data. Feed and residual use for 2007/08 is lowered as June 1 stocks indicated lower-than- expected corn use during the March-May quarter. The 2007/08 marketing year price for corn is unchanged this month at $4.25- $4.45 per bushel. Global 2008/09 coarse grain production is raised 1.5 million tons this month reflecting higher foreign corn and barley production. Corn production is raised 1.3 million tons for EU-27 on increased area in France. Prospects for India corn are raised 1.0 million tons on favorable early season monsoon rains. Corn production for Russia and Ukraine are lowered this month mostly on lower expected harvested area. Global barley production is increased for Argentina, China, and EU-27, which more than offsets a reduction for Canada on lower area. Area is raised for Argentina. Yield increases for China and EU-27 reflect very good weather in both countries for spring crop development. World coarse grain consumption for 2008/09 is increased 3.5 million tons as higher expected foreign consumption, again this month, more than offsets reduced U.S. corn use. Increased foreign corn consumption accounts for more than half of the rise in coarse grain use with the rest accounted for by higher barley use, mostly for feeding. World coarse grain imports and exports are nearly unchanged this month with a number of small, mostly offsetting country changes. Corn imports are raised for Canada and North Korea, but lowered for EU-27 and South Korea. Barley imports are raised for Saudi Arabia. Barley exports are raised for Argentina and Russia, but lowered for Canada. Global coarse grain ending stocks are raised for both 2007/08 and 2008/09 reflecting higher corn stocks in the United States. RICE: U.S. rice production in 2008/09 is projected at 205.0 million cwt, 4 percent above last month and last year. Estimated harvested area at 2.88 million acres reported in the June 30 Acreage report is 4 percent higher than last month, and 5 percent above 2007/08. The average yield for 2008/09 is projected at 7,121 pounds per acre, slightly below last month, and 64 pounds per acre below the 2007/08 record. The reduction in average yield resulted from adopting the rice-by- class area harvested estimates by state reported in the Acreage report. Long-grain rice production is projected at 154.0 million cwt, about 8 percent above last month and 2007/08. Combined medium- and short-grain rice production is projected at 51.0 million cwt, 7 percent below last month, and 8 percent below 2007/08. Imports for 2008/09 are projected at a record 23.5 million cwt, up 0.5 million from last month and revised 2007/08. The increase in imports is in the medium- and short-grain rice class. Exports for 2008/09 are projected at 107.0 million cwt, up 8 million cwt from last month but down 2 million cwt from revised 2007/08. Exports of long-grain are up 8.5 million cwt from last month while exports of combined medium- and short-grain rice are down 0.5 million cwt. Milled exports are raised 6 million cwt (rough equivalent basis) and rough rice exports are up 2 million. The increase in supplies will lead to larger exports in a strong and high-priced global market. Projected domestic and residual use of rice for 2008/09 is unchanged from a month ago. Ending stocks are projected at 21.6 million cwt, 26 percent above last month, but 17 percent below 2007/08. Price estimates for each class of rice are provided for the first time. The season-average farm price range for all rice in 2008/09 is lowered 20 cents per cwt on each end to $16.30 to $17.30 per cwt compared to a revised $12.80 per cwt for 2007/08. Larger domestic supplies along with some softening in global prices will lead to lower but still record U.S. prices in 2008/09. The long-grain season-average farm price range for 2008/09 is projected at $15.60 to $16.60 per cwt compared to $12.70 per cwt in 2007/08. The combined medium- and short- grain farm price range is projected at $19.50 to $20.50 per cwt compared to $13.40 per cwt in 2007/08. Global 2008/09 rice production, consumption, exports, and ending stocks are raised fractionally from last month. Production is raised for the United States and Vietnam, but lowered for FSU and North Korea. The export projections are increased for the United States and Vietnam, but lowered for Egypt. Ending stocks are raised about 0.5 million tons from last month to 82.0 million tons, up 3.5 million tons from last year. OILSEEDS: U.S. oilseed ending stocks for 2008/09 are projected at 4.9 million tons, down 0.9 million tons from last month. Lower soybean stocks account for most of the reduction. Oilseed production is projected at 90.1 million tons, down 2.9 million tons. Reduced soybean and cottonseed production are only partly offset by increased sunflowerseed, canola, and peanut production. Soybean production is projected at 3.0 billion bushels, down 105 million bushels due to reduced harvested area and yield. Harvested area reported in the June 30 Acreage report is 1.7 million acres below the June projection and reflects a below-average harvested-to-planted ratio resulting from flooding and excessive moisture throughout much of the Midwest during the planting season. The soybean yield is projected at 41.6 bushels per acre, down 0.5 bushels from last month, due to delayed planting and crop emergence resulting from excessive moisture through June. Reduced exports and crush partly offset lower supplies, leaving projected 2008/09 ending stocks at 140 million bushels, down 35 million from last month. Prices for soybeans and soybean products are all raised this month. The U.S. season-average soybean price for 2008/09 is projected at $12.00 to $13.50 per bushel, up $1.00 on both ends of the range. Soybean meal prices are projected at $355 to $415 per short ton, up $60 on both ends. Soybean oil prices are projected at 59 to 63 cents per pound, up 7 cents on both ends of the range. Global oilseed production for 2008/09 is reduced 2 million tons to 417.3 million tons. Foreign production is projected up 0.9 million tons to 327.2 million tons. Rapeseed production is projected at a record 9.8 million tons, up 0.4 million based on higher harvested area reported by Statistics Canada. Rapeseed production is also raised for Australia on higher area and yield. Other changes include increased sunflowerseed production for Moldova, and reduced cottonseed production for Brazil and India. U.S. soybean exports for 2007/08 are projected at 1.145 billion bushels, up 35 million from last month. Increased exports are offset mainly by reduced residual use, leaving ending stocks for 2007/08 unchanged at 125 million bushels. SUGAR: Projected 2008/09 U.S. sugar supply is decreased 491,000 short tons, raw value, from last month. Production for 2008/09 is lowered 289,000 tons based on initial processor projections compiled by the Farm Service Agency. Total use is increased 175,000 tons, in line with the increased estimate for 2007/08. Ending stocks are projected to total 607,000 tons, down 666,000 tons from last month. For 2007/08, lower sugar production, higher imports, and higher use combine to lower ending stocks 202,000 tons to 1.49 million. The increase in sugar use is based on the strong pace of deliveries during January to May 2008, and is supported in part by higher prices for corn-based sweeteners. For Mexico, 2008/09 sugar production is projected at 5.85 million metric tons, raw value, about even with 2007/08. Along with lower beginning stocks and level imports, Mexico's 2008/09 supply of sugar totals 7.6 million tons, down 200,000 tons from the estimate for 2007/08. Mexico's total use of sugar is projected at 6.3 million tons, with exports mainly to the United States projected at 500,000 tons. Sugar stocks on October 1, 2009, are projected at 1.3 million tons. LIVESTOCK, POULTRY, AND DAIRY: The total U.S. meat production forecast for 2008 is fractionally lower as reduced beef production offsets increased production of pork and broilers. Beef production is forecast lower as cattle placements and marketings have been lower than expected. Pork production is forecast higher as the June 27 Quarterly Hogs and Pigs report indicated larger available supplies of hogs for slaughter during the last half of the year. Forecast broiler production is raised from last month as slaughter data point to continued increases in broiler production through the rest of the year. The meat production forecast for 2009 is lowered from last month as the sector responds to higher feed prices. The beef forecast is unchanged from last month as producers are expected to respond to higher feed prices by placing cattle into feedlots at heavier weights. However, the July Cattle inventory report, scheduled for release on July 25, will provide an indication of producer intentions regarding breeding herd expansion and the availability of cattle for feedlot placement into 2009. The pork production forecast is raised from last month. Although producers intend to farrow fewer sows during the second half of 2008 compared with 2007, higher-than-expected pigs per litter will partly offset farrowing declines and result in more available hogs for first-half 2009 slaughter compared to last month. Expectations of continued reductions in sows farrowing in first-half 2009 will likely result in lower slaughter in the latter part of the year. Hog carcass weights are expected to be lighter as producers respond to high feed costs by marketing hogs as quickly as possible. The broiler and turkey production forecasts for 2009 are lowered from last month. Poor producer returns are expected to weigh on the sector and 2009 production is expected to dip below 2008. Egg production forecasts are unchanged from last month as high egg prices are expected to mainly offset higher feed prices. Meat export forecasts for 2008 and 2009 are raised from last month, reflecting higher expected sales of both red meat and broiler meat in 2008, and higher beef and pork exports in 2009. The beef export forecast is fractionally higher, but pork exports in 2008 and 2009 are raised on expectations of continued strong sales to Asia. Price forecasts for both 2008 and 2009 are raised as meat supplies are forecast tighter. Cattle prices are increased as cattle supplies remain relatively tight. Despite a larger pork production forecast, strong exports are expected to support hog prices at higher levels than forecast last month. Broiler meat and turkey price forecasts are higher for 2009 as production declines due to increased feed costs. Egg price forecasts are boosted due to a weak production response to record prices. Milk production forecasts for 2008 are increased due to slightly higher forecast cow numbers and slightly stronger growth in milk per cow. However, higher feed prices are expected to largely offset higher milk prices and the production forecast for 2009 is unchanged. The July Cattle report, scheduled for release on July 25, will provide an indication of producer intentions for dairy heifer retention. Commercial exports of dairy products in both 2008 and 2009 are raised from last month as foreign demand remains strong. In light of relatively slow growth in milk production and strong demand in 2008, domestic disappearance on both a fat and skim-solids basis are raised and ending stocks reduced. With continued tight milk supplies in 2009, forecast domestic disappearance is lowered and stocks are reduced from last month. Despite relatively slow growth in cheese production, recent prices have been lower-than-expected and the price forecast for 2008 is reduced from last month. However, strong demand is boosting butter and nonfat dry milk (NDM) prices. The whey price forecast is fractionally lower than last month as stocks are high. The 2008 Class III price is reduced, but the Class IV price is raised. For 2009, slow growth in milk production and expectations of relatively strong demand are expected to support a higher cheese price forecast. Butter, NDM, and whey price forecasts are unchanged. The Class III price forecast is raised to reflect higher cheese prices; the Class IV price forecast is unchanged. The all milk price is forecast higher this month, averaging $18.95 to $19.25 in 2008 and $18.60 to $19.60 in 2009. These forecasts, if realized, will result in milk prices at or near record levels since 2007. COTTON: The U.S. 2008/09 cotton projections include lower production and exports, resulting in a net reduction of 100,000 bales in ending stocks compared with last month. Production is reduced 500,000 bales based on slightly lower planted area in the June Acreage survey and slightly higher abandonment reflecting conditions in Texas. Domestic mill use is raised 100,000 bales to 4.4 million. Despite the slowing economy, several factors are supporting domestic mill use, including higher overseas transportation costs, the weaker dollar, and the payments to mills included in the Food, Conservation, and Energy Act of 2008. The export forecast is reduced 500,000 bales due to lower U.S. supplies and lower foreign import demand. The forecast for the average price received by farmers is raised 1 cent on each end of the range. The world 2008/09 projections include lower beginning stocks, production, offtake, and ending stocks. World production is reduced about 1.5 million bales due mainly to reductions in India and the United States. The India revision is based on lower reported planted area. A decrease of nearly 1.3 million bales in world consumption largely offsets the production decline. Consumption is reduced mainly in China, India, and Turkey, due to recent indications of slower growth due to sluggish world economic conditions. World ending stocks are reduced about 1.6 percent from last month and continue to show a significant decline of about 13 percent from the beginning level. Approved by the Secretary of Agriculture and the Chairperson of the World Agricultural Outlook Board, Gerald A. Bange, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: EDWARD T. SCHAFER SECRETARY OF AGRICULTURE INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board's analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail: jnorton@oce.usda.gov Gary Vocke, ERS; Joshua Lagos, FAS; Dennis Shields, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E- mail: aaaronson@oce.usda.gov Nathan Childs, ERS; Ryan Scott, FAS; William Chambers, FSA. Feed Grains: Jerry Norton, ICEC Chair, WAOB, E- mail: jnorton@oce.usda.gov Allen Baker, ERS; Richard O'Meara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: kmenzie@oce.usda.gov Mark Ash, ERS; Bill George, FAS; Max Fisher, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail: cskelly@oce.usda.gov Darryl Earnest, AMS; Leslie Meyer, ERS; James Johnson, FAS; Steven Neff, FSA. Sugar: John Love, ICEC Chair, WAOB, E-mail: jlove@oce.usda.gov Stephen Haley, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: sshagam@oce.usda.gov Warren Preston, AMS; Mildred M. Haley, ERS; Claire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: sshagam@oce.usda.gov Marc Warman, AMS; David Harvey, ERS; Michelle DeGraaf, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail: sshagam@oce.usda.gov Jerry Cessna, AMS; Roger Hoskin, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2008, the WASDE report will be released on Aug. 12, Sep. 12, Oct. 10, Nov. 10, Dec. 11. T A B L E OF C O N T E N T S Page Highlights . . . . . . . . . . . . . . . . . . . . . . . . . .1 Interagency Commodity Estimates Committees . . . . . . . . . .6 World & U.S. Supply & Use for Grains . . . . . . . . . . . . .8 World & U.S. Supply & Use for Cotton . . . . . . . . . . . . .9 World & U.S. Supply & Use for Oilseeds . . . . . . . . . . . 10 U.S. Wheat Supply & Use. . . . . . . . . . . . . . . . . . . 11 U.S. Wheat Supply & Use by Class . . . . . . . . . . . . . . 11 U.S. Feed Grain & Corn Supply & Use. . . . . . . . . . . . . 12 U.S. Sorghum, Barley, & Oats Supply & Use. . . . . . . . . . 13 U.S. Rice Supply & Use . . . . . . . . . . . . . . . . . . . 14 U.S. Soybeans & Products Supply & Use. . . . . . . . . . . . 15 U.S. Sugar Supply & Use. . . . . . . . . . . . . . . . . . . 16 Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports16 U.S. Cotton Supply & Use . . . . . . . . . . . . . . . . . . 17 World Wheat Supply & Use . . . . . . . . . . . . . . . . . . 18 World Coarse Grains Supply & Use . . . . . . . . . . . . . . 20 World Corn Supply & Use. . . . . . . . . . . . . . . . . . . 22 World Rice Supply & Use. . . . . . . . . . . . . . . . . . . 24 World Cotton Supply & Use . . . . . . . . . . . . . . . . . 26 World Soybean Supply & Use . . . . . . . . . . . . . . . . . 28 World Soybean Meal Supply & Use. . . . . . . . . . . . . . . 29 World Soybean Oil Supply & Use . . . . . . . . . . . . . . . 30 U.S. Quarterly Animal Product Production . . . . . . . . . . 31 U.S. Quarterly Prices for Animal Products. . . . . . . . . . 31 U.S. Meats Supply and Use. . . . . . . . . . . . . . . . . . 32 U.S. Egg Supply & Use. . . . . . . . . . . . . . . . . . . . 33 U.S. Milk Supply and Use . . . . . . . . . . . . . . . . . . 33 U.S. Dairy Prices. . . . . . . . . . . . . . . . . . . . . . 34 Reliability Tables . . . . . . . . . . . . . . . . . . . . . 35 Related USDA Reports . . . . . . . . . . . . . . . . . . . . 38 Metric Conversion Factors. . . . . . . . . . . . . . . . . . 38 Electronic Access and Subscriptions. . . . . . . . . . . . . 40 WASDE-460-8 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/ : 2006/07 : 2,004.87 2,393.27 259.17 2,051.43 341.83 2007/08 (Est.) : 2,113.25 2,455.08 267.84 2,110.27 344.81 2008/09 (Proj.) : June : 2,161.87 2,500.93 264.47 2,156.07 344.86 July : 2,164.97 2,509.78 267.34 2,161.58 348.20 Wheat : 2006/07 : 596.17 743.23 110.69 616.45 126.79 2007/08 (Est.) : 610.77 737.55 113.77 621.50 116.05 2008/09 (Proj.) : June : 662.90 778.04 118.44 645.98 132.06 July : 664.24 780.29 120.46 647.23 133.06 Coarse grains 4/ : 2006/07 : 988.52 1,154.18 117.65 1,014.86 139.32 2007/08 (Est.) : 1,074.46 1,213.78 125.77 1,063.53 150.24 2008/09 (Proj.) : June : 1,067.56 1,213.92 118.99 1,082.63 131.29 July : 1,069.03 1,219.27 119.24 1,086.10 133.17 Rice, milled : 2006/07 : 420.18 495.86 30.82 420.13 75.73 2007/08 (Est.) : 428.02 503.75 28.30 425.24 78.52 2008/09 (Proj.) : June : 431.41 508.97 27.05 427.46 81.51 July : 431.70 510.21 27.65 428.25 81.97 : : United States Total grains 3/ : 2006/07 : 335.67 413.87 86.12 277.90 49.85 2007/08 (Est.) : 413.62 470.44 107.88 308.78 53.77 2008/09 (Proj.) : June : 387.74 441.48 85.84 320.89 34.75 July : 388.04 448.09 86.10 321.43 40.56 Wheat : 2006/07 : 49.32 68.18 24.73 31.04 12.41 2007/08 (Est.) : 56.25 71.60 34.48 28.80 8.32 2008/09 (Proj.) : June : 66.18 75.83 27.22 35.35 13.26 July : 66.97 78.01 27.22 36.17 14.62 Coarse grains 4/ : 2006/07 : 280.11 337.43 58.45 242.81 36.17 2007/08 (Est.) : 351.06 390.53 69.91 276.00 44.62 2008/09 (Proj.) : June : 315.25 357.91 55.46 281.52 20.94 July : 314.52 361.94 55.46 281.23 25.25 Rice, milled : 2006/07 : 6.24 8.26 2.94 4.05 1.27 2007/08 (Est.) : 6.31 8.31 3.49 3.99 0.84 2008/09 (Proj.) : June : 6.30 7.74 3.17 4.02 0.55 July : 6.56 8.14 3.42 4.02 0.69 =============================================================================== 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-460-9 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/ : 2006/07 : 1,669.20 1,979.40 173.05 1,773.53 291.98 2007/08 (Est.) : 1,699.62 1,984.64 159.96 1,801.49 291.04 2008/09 (Proj.) : June : 1,774.13 2,059.45 178.64 1,835.18 310.11 July : 1,776.92 2,061.69 181.25 1,840.15 307.64 Wheat : 2006/07 : 546.85 675.05 85.96 585.41 114.37 2007/08 (Est.) : 554.52 665.95 79.29 592.70 107.73 2008/09 (Proj.) : June : 596.72 702.21 91.23 610.63 118.80 July : 597.27 702.28 93.24 611.06 118.44 Coarse grains 5/ : 2006/07 : 708.41 816.75 59.21 772.05 103.14 2007/08 (Est.) : 723.40 823.25 55.86 787.54 105.62 2008/09 (Proj.) : June : 752.30 856.01 63.53 801.11 110.35 July : 754.51 857.33 63.78 804.87 107.92 Rice, milled : 2006/07 : 413.94 487.60 27.88 416.07 74.47 2007/08 (Est.) : 421.71 495.44 24.82 421.25 77.68 2008/09 (Proj.) : June : 425.11 501.23 23.88 423.44 80.96 July : 425.14 502.08 24.23 424.22 81.28 =============================================================================== 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 2006/07 : 121.99 184.38 37.19 123.32 62.98 2007/08 (Est.) : 119.91 182.90 38.85 124.25 61.26 2008/09 (Proj.) : June : 116.43 178.25 40.87 127.16 54.09 July : 114.94 176.20 39.89 125.91 53.24 : United States 2006/07 : 21.59 27.68 13.01 4.94 9.48 2007/08 (Est.) : 19.21 28.70 13.90 4.60 10.20 2008/09 (Proj.) : June : 14.50 24.72 15.00 4.30 5.40 July : 14.00 24.22 14.50 4.40 5.30 : Foreign 3/ 2006/07 : 100.40 156.71 24.18 118.38 53.51 2007/08 (Est.) : 100.71 154.20 24.95 119.65 51.06 2008/09 (Proj.) : June : 101.93 153.53 25.87 122.86 48.69 July : 100.94 151.99 25.39 121.51 47.94 =============================================================================== 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-460-10 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 : 2006/07 : 403.33 468.19 83.48 329.04 72.63 2007/08 (Est.) : 387.80 460.43 89.42 340.62 56.66 2008/09 (Proj.) : June : 419.32 476.15 90.66 350.66 58.49 July : 417.31 473.96 90.56 350.67 57.65 Oilmeals : 2006/07 : 224.77 232.51 68.34 223.09 7.55 2007/08 (Est.) : 233.11 240.66 73.37 231.47 7.09 2008/09 (Proj.) : June : 239.05 246.21 73.98 235.76 6.88 July : 238.71 245.80 73.70 236.65 6.86 Vegetable Oils : 2006/07 : 121.50 131.93 48.51 120.73 9.60 2007/08 (Est.) : 128.21 137.81 51.74 126.52 9.12 2008/09 (Proj.) : June : 133.24 142.63 53.81 131.90 9.19 July : 133.48 142.58 54.00 131.92 9.04 : : United States Oilseeds : 2006/07 : 96.61 111.84 31.68 53.49 17.02 2007/08 (Est.) : 80.00 98.27 32.68 54.58 4.47 2008/09 (Proj.) : June : 93.04 98.56 29.74 54.41 5.79 July : 90.13 95.72 28.40 54.15 4.86 Oilmeals : 2006/07 : 41.58 43.64 8.25 35.01 0.39 2007/08 (Est.) : 42.16 44.59 8.93 35.33 0.33 2008/09 (Proj.) : June : 42.17 44.57 8.38 35.86 0.33 July : 41.85 44.25 8.38 35.54 0.33 Vegetable Oils : 2006/07 : 10.45 14.80 1.31 11.75 1.74 2007/08 (Est.) : 10.81 15.50 1.74 12.06 1.70 2008/09 (Proj.) : June : 10.64 15.52 1.49 12.49 1.54 July : 10.59 15.52 1.48 12.47 1.57 : : Foreign 3/ Oilseeds : 2006/07 : 306.72 356.35 51.80 275.55 55.61 2007/08 (Est.) : 307.80 362.16 56.73 286.05 52.19 2008/09 (Proj.) : June : 326.28 377.59 60.92 296.25 52.70 July : 327.18 378.25 62.16 296.53 52.78 Oilmeals : 2006/07 : 183.19 188.87 60.09 188.09 7.16 2007/08 (Est.) : 190.95 196.07 64.44 196.14 6.76 2008/09 (Proj.) : June : 196.88 201.64 65.60 199.90 6.55 July : 196.86 201.55 65.33 201.11 6.52 Vegetable Oils : 2006/07 : 111.05 117.13 47.20 108.99 7.86 2007/08 (Est.) : 117.40 122.32 50.00 114.46 7.42 2008/09 (Proj.) : June : 122.60 127.12 52.32 119.41 7.65 July : 122.89 127.07 52.52 119.45 7.48 =============================================================================== 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-460-11 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : June July =============================================================================== Area : Million acres Planted : 57.3 60.4 63.8 * 63.5 Harvested : 46.8 51.0 56.3 * 56.6 Yield per harvested : Bushels acre : 38.7 40.5 43.2 * 43.5 : Million bushels Beginning stocks : 571 456 254 306 Production : 1,812 2,067 2,432 2,461 Imports : 122 108 100 100 Supply, total : 2,505 2,631 2,786 2,866 Food : 938 950 960 960 Seed : 81 88 84 84 Feed and residual : 121 20 255 285 Domestic, total : 1,140 1,058 1,299 1,329 Exports : 909 1,267 1,000 1,000 Use, total : 2,049 2,325 2,299 2,329 Ending stocks : 456 306 487 537 CCC inventory : 41 0 Free stocks : 415 306 Outstanding loans : 14 1 Avg. farm price ($/bu) 2/ : 4.26 6.48 6.75- 8.25 6.75- 8.25 =============================================================================== U.S. Wheat by Class: Supply and Use =============================================================================== Year beginning : Hard : Hard : Soft : : : June 1 : Winter : Spring : Red : White : Durum : Total =============================================================================== 2007/08 (estimated) : Million bushels Beginning stocks : 165 117 109 44 22 456 Production : 962 449 358 227 72 2,067 Supply, total 3/ : 1,128 611 480 281 131 2,631 Domestic use : 451 224 220 81 83 1,058 Exports : 538 324 203 162 40 1,267 Use, total : 989 548 423 243 123 2,325 Ending stocks, total : 139 63 57 38 8 306 : 2008/09 (projected) : Beginning stocks : 139 63 57 38 8 306 Production : 1,040 471 607 254 90 2,461 Supply, total 3/ : 1,180 574 674 301 138 2,866 Domestic use : 508 233 388 106 94 1,329 Exports : 440 250 145 135 30 1,000 Use, total : 948 483 533 241 124 2,329 Ending stocks, total : 232 91 141 60 14 537 =============================================================================== 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. * For June, winter wheat harvested acreage and yield reported in June "Crop Production". Harvested acres and yield for other spring wheat and durum are projected using 10-year harvested-to-planted ratios by state and projected yield derived from 1985-2007 trend yields by state (except Idaho durum). For July: Area planted, area harvested, yield, and production as reported in July "Crop Production". WASDE-460-12 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : June July =============================================================================== FEED GRAINS : Area : Million acres Planted : 92.5 109.1 101.0 * 102.2 * Harvested : 80.1 98.4 90.1 * 90.4 * Yield per harvested : Metric tons acre : 3.50 3.57 3.50 3.48 : Million metric tons Beginning stocks : 54.7 36.2 39.9 44.6 Production : 279.9 350.9 315.0 314.3 Imports : 2.4 3.1 2.6 2.6 Supply, total : 337.1 390.1 357.6 361.6 Feed and residual : 148.3 161.5 139.3 140.6 Food, seed & industrial : 94.2 114.1 141.9 140.3 Domestic, total : 242.5 275.6 281.2 280.9 Exports : 58.4 69.9 55.5 55.5 Use, total : 300.9 345.5 336.6 336.3 Ending stocks, total : 36.2 44.6 20.9 25.2 CCC inventory : 0.0 0.0 Free stocks : 36.2 44.6 Outstanding loans : 3.0 4.1 : CORN : Area : Million acres Planted : 78.3 93.6 86.0 * 87.3 * Harvested : 70.6 86.5 78.8 * 78.9 * Yield per harvested : Bushels acre : 149.1 151.1 148.9 * 148.4 * : Million bushels Beginning stocks : 1,967 1,304 1,433 1,598 Production : 10,535 13,074 11,735 11,715 Imports : 12 15 15 15 Supply, total : 12,514 14,393 13,183 13,328 Feed and residual : 5,598 6,050 5,150 5,200 Food, seed & industrial : 3,488 4,295 5,360 5,295 Ethanol for fuel 2/ : 2,117 2,950 4,000 3,950 Domestic, total : 9,086 10,345 10,510 10,495 Exports : 2,125 2,450 2,000 2,000 Use, total : 11,210 12,795 12,510 12,495 Ending stocks, total : 1,304 1,598 673 833 CCC inventory : 0 0 Free stocks : 1,304 1,598 Outstanding loans : 116 160 Avg. farm price ($/bu) 3/ : 3.04 4.25- 4.45 5.30- 6.30 5.50- 6.50 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further breakout of food, seed, & industrial corn use including ethanol, see the ERS Feed Outlook table 5 or Feed Grains Database at "www.ers.usda.gov/db/feedgrains." 3/ Marketing-year weighted average price received by farmers. * For June, planted acres reported in the March 31, 2008, "Prospective Plantings". For corn, harvested acres projected based on historical abandonment and derived demand for silage. Projected corn yield based on the simple linear trend of the national average yield for 1990-2007 adjusted for 2008 planting progress and emergence. For July: Area planted and harvested of corn as reported in June 30, 2008, "Acreage." Projected corn yield based on the simple linear trend of the national average yield for 1990-2007 adjusted for 2008 planting progress and emergence, and a lower share of harvested area in the higher-yielding Corn Belt as reported in "Acreage." WASDE-460-13 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : June July =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 6.5 7.7 7.4 * 7.3 * Area harv. (mil. acres) : 4.9 6.8 6.3 * 6.4 * Yield (bushels/acre) : 56.2 74.2 65.9 * 65.6 * Beginning stocks : 66 32 62 62 Production : 278 505 415 420 Imports : 0 0 0 0 Supply, total : 343 537 477 482 Feed and residual : 109 175 200 200 Food, seed & industrial : 45 35 60 60 Total domestic : 154 210 260 260 Exports : 157 265 160 160 Use, total : 311 475 420 420 Ending stocks, total : 32 62 57 62 Avg. farm price ($/bu) 2/ : 3.29 4.10- 4.30 4.95- 5.95 5.10- 6.10 : BARLEY : Area planted (mil. acres) : 3.5 4.0 4.1 * 4.1 * Area harv. (mil. acres) : 3.0 3.5 3.6 * 3.6 * Yield (bushels/acre) : 61.1 60.4 65.5 * 59.8 * Beginning stocks : 108 69 59 68 Production : 180 212 235 218 Imports : 12 30 20 20 Supply, total : 300 311 314 306 Feed and residual : 56 61 65 65 Food, seed & industrial : 156 140 145 145 Total domestic : 211 201 210 210 Exports : 20 41 25 25 Use, total : 231 242 235 235 Ending stocks, total : 69 68 79 71 Avg. farm price ($/bu) 2/ : 2.85 4.02 5.75- 6.75 5.80- 6.80 : OATS : Area planted (mil. acres) : 4.2 3.8 3.4 * 3.5 * Area harv. (mil. acres) : 1.6 1.5 1.4 * 1.4 * Yield (bushels/acre) : 59.8 60.9 64.0 * 64.4 * Beginning stocks : 53 51 45 67 Production : 94 92 90 93 Imports : 106 120 105 105 Supply, total : 252 262 240 265 Feed and residual : 125 118 115 120 Food, seed & industrial : 74 75 75 75 Total domestic : 199 193 190 195 Exports : 3 3 3 3 Use, total : 202 195 193 198 Ending stocks, total : 51 67 47 67 Avg. farm price ($/bu) 2/ : 1.87 2.63 3.70- 4.70 3.80- 4.80 =============================================================================== 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. * For June-- planted acres reported in March 31, 2008, "Prospective Plantings." Harvested area - For sorghum, barley, and oats harvested acres is the 4-year average harvested-to-planted ratio, 2004-2007. Yield - For sorghum the projected yield is derived from the 10-year average yield (1998-2007, excluding 2002 and 2003) adjusted for rounding in production. For barley and oats the projected yield is derived from the 1960-2007 trend yield adjusted for rounding in production. For July-- Sorghum: Area planted and area harvested as reported in the June 30, 2008, "Acreage." Yield - For sorghum the projected yield is derived from the 10-year average yield (1998-2007, excluding 2002 and 2003) adjusted for rounding in production. Barley and oats: Area planted, area harvested, yield, and production as reported in July "Crop Production." WASDE-460-14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : June July =============================================================================== TOTAL : Area : Million acres Planted : 2.84 2.76 2.77 * 2.90 * Harvested : 2.82 2.75 2.76 * 2.88 * Yield per harvested : Pounds acre : 6,868 7,185 7,145 * 7,121 * : : Million hundredweight Beginning stocks 2/ : 43.0 39.3 22.1 26.1 Production : 193.7 197.5 197.0 205.0 Imports : 20.6 23.0 23.0 23.5 Supply, total : 257.3 259.8 242.1 254.6 Domestic & residual 3/ : 126.6 124.7 126.0 126.0 Exports, total 4/ : 91.4 109.0 99.0 107.0 Rough : 32.1 37.0 35.0 37.0 Milled (rough equiv.) : 59.3 72.0 64.0 70.0 Use, total : 218.0 233.7 225.0 233.0 Ending stocks : 39.3 26.1 17.1 21.6 Avg. milling yield (%) 5/ : 71.0 70.5 70.5 70.5 Avg. farm price ($/cwt) 6/ : 9.96 12.80 16.50-17.50 16.30-17.30 : LONG GRAIN : Harvested acres (mil.) : 2.19 2.05 Yield (pounds/acre) : 6,689 6,929 Beginning stocks : 32.7 28.5 12.2 15.2 Production : 146.2 142.2 142.0 154.0 Supply, total 7/ : 193.1 186.7 170.7 185.7 Domestic & Residual 3/ : 91.9 89.0 88.0 91.0 Exports 8/ : 72.7 82.5 72.5 81.0 Use, total : 164.6 171.5 160.5 172.0 Ending stocks : 28.5 15.2 10.2 13.7 Avg. farm price ($/cwt) 6/ : 9.47 12.70 NA 15.60-16.60 : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.64 0.70 Yield (pounds/acre) : 7,484 7,942 Beginning stocks : 9.4 10.0 9.1 10.1 Production : 47.5 55.3 55.0 51.0 Supply, total 7/ : 63.4 72.3 70.6 68.1 Domestic & Residual 3/ : 34.7 35.7 38.0 35.0 Exports 8/ : 18.7 26.5 26.5 26.0 Use, total : 53.4 62.2 64.5 61.0 Ending stocks : 10.0 10.1 6.1 7.1 Avg. farm price ($/cwt) 6/ : 12.10 13.40 NA 19.50-20.50 =============================================================================== 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): 2006/07-0.9; 2007/08-0.8; 2008/09-0.8. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. * For June: Planted acres reported in March 31, 2008, "Prospective Plantings". Harvested acres are estimated using the average harvested-to-planted ratios by State and rice class, 2005-2007. For July: Planted and harvested acres reported in June 30, 2008, "Acreage" report. For June and July: Projected yield is derived from the trend yields by rice class for the period, 1990-2007. WASDE-460-15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :=============================== : : Est. : June July =============================================================================== SOYBEANS: : Million acres Area : Planted : 75.5 63.6 74.8 * 74.5 ** Harvested : 74.6 62.8 73.8 * 72.1 ** : : Bushels Yield per harvested : acre : 42.7 41.2 42.1 * 41.6 ** : : Million bushels : Beginning stocks : 449 574 125 125 Production : 3,188 2,585 3,105 3,000 Imports : 9 10 8 10 Supply, total : 3,647 3,169 3,238 3,135 Crushings : 1,808 1,840 1,840 1,830 Exports : 1,118 1,145 1,050 1,000 Seed : 78 94 90 90 Residual : 69 -35 3/ 82 76 Use, total : 3,073 3,044 3,063 2,996 Ending stocks : 574 125 175 140 Avg. farm price ($/bu) 2/ : 6.43 10.15 11.00-12.50 12.00 -13.50 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 3,010 3,085 2,885 2,930 Production : 20,489 21,345 20,975 20,860 Imports : 37 50 50 50 Supply, total : 23,536 24,480 23,910 23,840 Domestic : 18,562 18,400 18,600 18,500 For methyl ester : 2,762 2,800 3,100 3,000 Exports : 1,889 3,150 2,650 2,650 Use, total : 20,451 21,550 21,250 21,150 Ending stocks : 3,085 2,930 2,660 2,690 Average price (c/lb) 2/ : 31.02 54.50 52.00- 59.00- : 56.00 63.00 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 314 346 300 300 Production : 43,054 43,739 43,785 43,435 Imports : 156 165 165 165 Supply, total : 43,524 44,250 44,250 43,900 Domestic : 34,392 34,450 35,050 34,700 Exports : 8,786 9,500 8,900 8,900 Use, total : 43,178 43,950 43,950 43,600 Ending stocks : 346 300 300 300 Average price ($/s.t.) 2/ : 205.44 345.00 295.00- 355.00- : 355.00 415.00 =============================================================================== 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 May, coupled with USDA's June 1 stocks estimate, indicate a below-average residual. *Planted acres are reported in the March 31 Prospective Plantings report. Harvested acres based on 5-year average planted to harvested ratios by state. Projected yield based on 1989-2007 regional trend analysis. **Planted and harvested acres from the June 30 Acreage report. Projected yield based on 1989-2007 regional trend analysis adjusted for late planting and emergence. WASDE-460-16 U.S. Sugar Supply and Use 1/ ====================================================================== : : : 2008/09 Projection Item : 2006/07 : 2007/08 :====================== : : Est. : June July ====================================================================== : 1,000 short tons, raw value : Beginning stocks : 1,698 1,799 1,694 1,492 Production 2/ : 8,446 8,237 8,115 7,826 Beet sugar : 5,008 4,740 4,400 4,224 Cane sugar : 3,438 3,497 3,715 3,602 Florida : 1,719 1,643 1,865 1,759 Hawaii : 222 206 240 230 Louisiana : 1,320 1,490 1,410 1,415 Texas : 177 158 200 198 Imports : 2,080 2,321 2,249 2,249 TRQ 3/ : 1,624 1,271 1,274 1,274 Other program 4/ : 390 450 425 425 Other 5/ : 66 600 550 550 Mexico : 60 600 550 550 Total supply : 12,224 12,357 12,058 11,567 : Exports : 422 250 250 250 Deliveries : 10,135 10,615 10,535 10,710 Food : 9,913 10,400 10,325 10,500 Other 6/ : 222 215 210 210 Miscellaneous 7/ : -132 0 0 0 Total use : 10,425 10,865 10,785 10,960 Ending stocks : 1,799 1,492 1,273 607 : Stocks to use ratio : 17.3 13.7 11.8 5.5 ====================================================================== 1/ Fiscal years beginning Oct 1. Historical data are from FSA, "Sweetener Market Data" except imports (U.S. Customs Service, Census Bureau). 2/ Production projections for 2008/09 are based on processors' projections compiled by the Farm Service Agency. 3/ For 2008/09, includes only U.S. commitments under current trade agreements, minus shortfall of 100,000 tons. 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ Does not include Mexico TRQ imports. For 2006/07, other high-tier (0) and other (6). For 2007/08, other high-tier (0) and other (0). For 2008/09, other high- tier (0) and other (0). 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. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ ========================================================================== : Supply : Use : Fiscal :====================================================: Ending year : Beginning : Production: Imports : Domestic: Exports: stocks : stocks : : : : : ========================================================================== 1,000 metric tons, raw value Sugar 2007/08 est. July 1,718 5,856 225 5,720 555 1,524 2008/09 proj. July 1,524 5,850 225 5,805 500 1,294 ========================================================================== 1/ U.S. HFCS exports to Mexico (metric tons, dry-weight basis): Oct-Sep 2006/07 = 256,043; Oct-Mar 2006/07 = 141,422; Oct-Mar 2007/08 = 243,568. Footnote source: U.S. Census Bureau. WASDE-460-17 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :=============================== : : Est. : June July =============================================================================== : Million acres Area : Planted : 15.27 10.83 9.39 * 9.25 * Harvested : 12.73 10.49 8.39 * 8.10 * : : Pounds Yield per harvested : acre : 814 879 830 * 830 * : : Million 480 pound bales : Beginning stocks 2/ : 6.07 9.48 10.20 10.20 Production : 21.59 19.21 14.50 14.00 Imports : 0.02 0.02 0.02 0.02 Supply, total : 27.68 28.70 24.72 24.22 Domestic use : 4.94 4.60 4.30 4.40 Exports : 13.01 13.90 15.00 14.50 Use, total : 17.95 18.50 19.30 18.90 Unaccounted 3/ : 0.25 0.00 0.02 0.02 Ending stocks : 9.48 10.20 5.40 5.30 : Avg. farm price 4/ : 46.5 57.0 58.0-72.0 59.0-73.0 =============================================================================== Note: Totals may not add due to rounding. 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 June, planted area reported in March 31 "Prospective Plantings." Projected harvested area based on 1998-2007 U.S. average abandonment. Projected yield per harvested acre based on 2005-2007 average yields by State. For July, planted area reported in June 30 "Acreage." Projected harvested area based on 1998-2007 U.S. average abandonment, adjusted slightly to reflect abandonment in Texas. Projected yield per harvested acre based on 2005-2007 average yields by State. WASDE-460-18 World Wheat Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2006/07 : World 3/ : 147.06 596.17 112.33 105.76 616.45 110.69 126.79 United States : 15.55 49.32 3.32 3.29 31.04 24.73 12.41 Total foreign : 131.52 546.85 109.01 102.47 585.41 85.96 114.37 Major exporters 4/ : 43.15 176.07 5.56 69.31 146.54 52.74 25.50 Argentina : 0.50 15.20 0.01 0.08 4.90 10.50 0.31 Australia : 9.62 10.82 0.09 4.70 7.40 8.73 4.41 Canada : 9.64 25.27 0.32 4.33 8.74 19.64 6.85 EU-27 5/ : 23.39 124.78 5.14 60.20 125.50 13.87 13.94 Major importers 6/ : 59.61 174.69 55.01 7.70 220.78 5.21 63.30 Brazil : 1.33 2.23 7.75 0.20 10.50 0.04 0.78 China : 34.39 108.47 0.38 4.00 102.00 2.78 38.46 Select. Mideast 7/ : 6.82 20.10 10.52 1.55 30.31 0.55 6.58 N. Africa 8/ : 10.51 18.53 16.30 0.25 33.90 0.26 11.18 Pakistan : 2.96 21.28 0.06 0.40 21.90 0.20 2.20 Southeast Asia 9/ : 2.20 0.00 10.65 0.90 9.98 0.42 2.46 Selected other : India : 2.00 69.35 6.71 0.30 73.36 0.20 4.50 FSU-12 : 12.72 84.98 5.93 21.65 72.64 22.35 8.65 Russia : 3.81 44.90 0.86 14.10 36.40 10.79 2.38 Kazakhstan : 3.01 13.50 0.03 2.70 7.50 8.00 1.04 Ukraine : 2.41 14.00 0.08 2.10 11.70 3.37 1.43 : : 2007/08 (Estimated) : World 3/ : 126.79 610.77 110.47 96.72 621.50 113.77 116.05 United States : 12.41 56.25 2.94 0.55 28.80 34.48 8.32 Total foreign : 114.37 554.52 107.53 96.18 592.70 79.29 107.73 Major exporters 4/ : 25.50 168.57 6.96 59.75 137.09 44.50 19.43 Argentina : 0.31 16.00 0.01 0.08 5.43 10.00 0.88 Australia : 4.41 13.04 0.10 3.50 6.20 7.00 4.34 Canada : 6.85 20.05 0.35 3.00 7.00 16.50 3.75 EU-27 5/ : 13.94 119.48 6.50 53.17 118.47 11.00 10.45 Major importers 6/ : 63.30 175.61 58.00 9.02 224.67 8.31 63.92 Brazil : 0.78 3.83 7.00 0.20 10.50 0.75 0.35 China : 38.46 109.86 0.20 6.00 104.00 2.80 41.72 Select. Mideast 7/ : 6.58 20.29 9.40 1.00 29.45 0.55 6.27 N. Africa 8/ : 11.18 13.82 20.60 0.20 35.73 0.28 9.60 Pakistan : 2.20 23.30 1.70 0.40 22.40 2.20 2.60 Southeast Asia 9/ : 2.46 0.00 10.00 0.82 10.25 0.56 1.65 Selected other : India : 4.50 75.81 2.00 0.20 75.85 0.05 6.41 FSU-12 : 8.65 92.69 5.63 23.98 76.02 21.75 9.20 Russia : 2.38 49.40 1.00 15.40 38.20 12.00 2.58 Kazakhstan : 1.04 16.60 0.03 2.70 7.50 8.50 1.67 Ukraine : 1.43 13.90 0.35 3.10 12.90 1.10 1.68 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the EU-27. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-460-19 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: =============================================================================== : : 2008/09 (Projected) World 3/ : June : 115.14 662.90 115.49 115.79 645.98 118.44 132.06 July : 116.05 664.24 118.16 117.72 647.23 120.46 133.06 United States : June : 6.93 66.18 2.72 6.94 35.35 27.22 13.26 July : 8.32 66.97 2.72 7.76 36.17 27.22 14.62 Total foreign : June : 108.21 596.72 112.77 108.85 610.63 91.23 118.80 July : 107.73 597.27 115.44 109.97 611.06 93.24 118.44 Major exporters 4/ : June : 20.73 203.00 5.38 69.08 148.38 56.00 24.73 July : 19.43 205.70 5.38 69.58 148.38 57.00 25.13 Argentina Jun : 0.88 14.50 0.01 0.08 5.48 9.50 0.41 Jul : 0.88 14.50 0.01 0.08 5.48 9.50 0.41 Australia Jun : 4.20 24.00 0.08 3.50 6.20 15.00 7.07 Jul : 4.34 25.00 0.08 3.50 6.20 15.00 8.22 Canada Jun : 4.20 24.50 0.30 2.50 7.70 16.50 4.80 Jul : 3.75 24.50 0.30 3.00 7.70 16.50 4.35 EU-27 5/ Jun : 11.45 140.00 5.00 63.00 129.00 15.00 12.45 Jul : 10.45 141.70 5.00 63.00 129.00 16.00 12.15 Major importers 6/ : June : 63.58 176.06 62.43 11.75 228.32 6.21 67.54 July : 63.92 174.05 64.43 11.75 228.52 6.23 67.66 Brazil Jun : 0.35 4.50 7.30 0.20 10.55 0.80 0.80 Jul : 0.35 4.50 7.30 0.20 10.55 0.80 0.80 China Jun : 41.82 114.00 0.03 9.00 107.00 2.00 46.85 Jul : 41.72 114.00 0.03 9.00 107.00 2.00 46.75 Sel. Mideast 7/Jun : 6.29 15.92 12.85 1.20 29.90 0.55 4.62 Jul : 6.27 13.91 14.85 1.20 29.90 0.55 4.58 N. Africa 8/ Jun : 8.97 15.76 20.30 0.20 35.48 0.21 9.34 Jul : 9.60 15.76 20.30 0.20 35.78 0.23 9.66 Pakistan Jun : 2.60 21.50 2.00 0.40 22.90 1.00 2.20 Jul : 2.60 21.50 2.00 0.40 22.90 1.00 2.20 SE Asia 9/ Jun : 1.68 0.00 10.75 0.50 10.10 0.53 1.81 Jul : 1.65 0.00 10.75 0.50 10.10 0.53 1.77 Selected other : India Jun : 6.41 76.78 0.10 0.20 78.10 0.05 5.14 Jul : 6.41 76.78 0.10 0.20 78.10 0.05 5.14 FSU-12 Jun : 8.75 102.34 6.03 24.80 77.35 25.94 13.84 Jul : 9.20 102.34 6.03 24.80 77.55 26.94 13.09 Russia Jun : 2.58 54.00 1.00 16.00 39.00 12.50 6.08 Jul : 2.58 54.00 1.00 16.00 39.00 12.50 6.08 Kazakhstan Jun : 1.67 14.00 0.03 2.70 7.50 6.00 2.20 Jul : 1.67 14.00 0.03 2.70 7.50 6.50 1.70 Ukraine Jun : 1.23 21.00 0.10 3.20 13.00 7.00 2.33 Jul : 1.68 21.00 0.10 3.20 13.20 7.50 2.08 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the EU-27. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-460-20 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: =============================================================================== : : 2006/07 : World 3/ : 165.66 988.52 113.18 635.06 1014.86 117.65 139.32 United States : 54.77 280.11 2.55 148.37 242.81 58.45 36.17 Total foreign : 110.89 708.41 110.63 486.69 772.05 59.21 103.14 Major exporters 4/ : 13.26 65.03 3.38 36.33 49.77 22.98 8.92 Argentina : 1.46 27.54 0.01 7.36 10.02 16.81 2.17 Australia : 3.08 6.58 0.02 4.92 6.16 2.02 1.51 Canada : 6.28 23.15 2.17 19.45 24.45 3.65 3.49 Major importers 5/ : 42.95 213.05 84.98 223.88 298.62 5.68 36.69 EU-27 6/ : 22.76 138.34 7.99 110.21 147.71 4.69 16.68 Japan : 1.74 0.18 19.67 14.88 19.82 0.00 1.76 Mexico : 3.34 29.14 11.06 23.40 39.95 0.22 3.38 N. Afr & Mideast 7/: 8.11 27.82 20.81 40.63 47.91 0.31 8.52 Saudi Arabia : 2.72 0.34 8.28 8.53 8.75 0.00 2.58 Southeast Asia 8/ : 2.12 16.88 3.97 15.01 20.77 0.46 1.73 South Korea : 1.38 0.33 8.80 6.96 9.16 0.00 1.35 Selected other : Brazil : 3.17 53.18 1.76 36.18 43.34 11.06 3.70 China : 35.81 159.10 1.16 105.36 153.70 5.41 36.95 FSU-12 : 5.55 58.70 0.93 35.49 51.44 8.46 5.28 Russia : 1.33 30.20 0.36 18.60 28.60 1.62 1.67 Ukraine : 2.40 19.18 0.05 9.95 13.38 6.13 2.12 : : 2007/08 (Estimated) : World 3/ : 139.32 1074.46 121.75 658.00 1063.53 125.77 150.24 United States : 36.17 351.06 3.29 161.64 276.00 69.91 44.62 Total foreign : 103.14 723.40 118.45 496.37 787.54 55.86 105.62 Major exporters 4/ : 8.92 76.25 3.20 37.09 51.60 27.92 8.86 Argentina : 2.17 26.50 0.00 7.37 10.13 17.11 1.44 Australia : 1.51 9.90 0.00 5.98 7.27 2.91 1.22 Canada : 3.49 27.84 2.87 19.24 24.90 5.78 3.52 Major importers 5/ : 36.69 212.47 93.72 230.14 304.77 5.41 32.71 EU-27 6/ : 16.68 137.62 18.96 115.90 152.86 4.71 15.69 Japan : 1.76 0.20 18.96 14.27 19.29 0.00 1.63 Mexico : 3.38 29.58 10.33 23.33 40.11 0.10 3.08 N. Afr & Mideast 7/: 8.52 25.57 20.28 40.14 47.38 0.06 6.93 Saudi Arabia : 2.58 0.32 7.80 8.93 9.15 0.00 1.55 Southeast Asia 8/ : 1.73 18.76 3.58 15.82 21.78 0.54 1.76 South Korea : 1.35 0.35 9.17 7.25 9.43 0.00 1.44 Selected other : Brazil : 3.70 59.94 1.06 37.85 44.99 11.26 8.46 China : 36.95 159.01 1.33 106.02 157.10 0.85 39.35 FSU-12 : 5.28 53.91 0.69 34.91 50.73 4.82 4.33 Russia : 1.67 29.33 0.38 18.88 29.05 1.20 1.12 Ukraine : 2.12 14.59 0.07 9.39 12.49 2.24 2.05 =============================================================================== 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and South Africa. 5/ The EU-27, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-460-21 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: =============================================================================== : : 2008/09 (Projected) World 3/ : June : 146.36 1067.56 115.86 645.29 1082.63 118.99 131.29 July : 150.24 1069.03 116.06 649.16 1086.10 119.24 133.17 United States : June : 39.91 315.25 2.75 139.36 281.52 55.46 20.94 July : 44.62 314.52 2.80 140.73 281.23 55.46 25.25 Total foreign : June : 106.46 752.30 113.11 505.93 801.11 63.53 110.35 July : 105.62 754.51 113.26 508.43 804.87 63.78 107.92 Major exporters 4/ : June : 9.37 79.23 2.95 37.15 52.23 28.69 10.64 July : 8.86 78.55 3.25 36.77 51.86 28.74 10.07 Argentina Jun : 1.74 30.02 0.00 8.21 11.02 18.36 2.39 Jul : 1.44 30.42 0.00 8.21 11.02 18.76 2.09 Australia Jun : 1.29 12.21 0.00 5.92 7.25 4.26 1.99 Jul : 1.22 12.46 0.00 5.97 7.31 4.38 1.99 Canada Jun : 3.42 25.02 2.63 18.31 24.38 3.55 3.14 Jul : 3.52 23.69 2.93 17.88 23.95 3.08 3.12 Major importers 5/ : June : 33.34 223.98 88.76 225.78 303.00 6.91 36.17 July : 32.71 226.12 88.28 228.30 305.52 6.91 34.67 EU-27 6/ Jun : 15.84 149.22 9.16 109.55 148.67 6.20 19.35 Jul : 15.69 151.36 8.66 112.15 151.27 6.20 18.24 Japan Jun : 1.63 0.18 19.16 14.39 19.31 0.00 1.65 Jul : 1.63 0.18 19.16 14.39 19.31 0.00 1.65 Mexico Jun : 3.68 29.98 12.15 24.78 41.73 0.10 3.98 Jul : 3.08 29.98 12.18 24.71 41.66 0.10 3.48 N Afr/M.East 7/Jun : 6.88 24.60 22.17 40.33 47.80 0.05 5.81 Jul : 6.93 24.60 22.17 40.33 47.80 0.05 5.86 Saudi Arabia Jun : 1.55 0.33 8.70 8.73 8.96 0.00 1.61 Jul : 1.55 0.33 9.00 9.03 9.26 0.00 1.61 S.-east Asia 8/Jun : 1.80 19.17 3.78 16.32 22.40 0.56 1.79 Jul : 1.76 19.17 3.78 16.32 22.40 0.56 1.75 South Korea Jun : 1.34 0.34 9.07 7.25 9.43 0.00 1.32 Jul : 1.44 0.34 8.77 6.95 9.13 0.00 1.42 Selected other : Brazil Jun : 8.96 59.86 0.76 40.08 47.81 11.30 10.47 Jul : 8.46 59.86 0.76 40.08 47.81 11.30 9.97 China Jun : 39.35 160.20 1.43 113.12 165.32 0.65 35.00 Jul : 39.35 160.50 1.43 113.23 165.52 0.65 35.10 FSU-12 Jun : 4.48 65.99 0.54 37.35 53.22 10.56 7.23 Jul : 4.33 64.49 0.66 37.45 53.32 10.76 5.40 Russia Jun : 1.27 33.60 0.23 19.65 29.65 1.58 3.87 Jul : 1.12 32.60 0.35 19.75 29.75 1.78 2.54 Ukraine Jun : 2.05 22.17 0.05 10.50 13.72 8.10 2.45 Jul : 2.05 21.67 0.05 10.50 13.72 8.10 1.95 =============================================================================== 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and South Africa. 5/ The EU-27, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-460-22 World Corn Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2006/07 : World 3/ : 125.11 713.12 90.86 477.27 728.38 93.88 109.86 United States : 49.97 267.60 0.30 142.19 230.79 53.97 33.11 Total foreign : 75.14 445.53 90.56 335.08 497.59 39.91 76.75 Major exporters 4/ : 3.46 29.80 1.13 9.20 15.30 15.78 3.32 Argentina : 1.16 22.50 0.01 4.80 6.70 15.31 1.66 South Africa : 2.31 7.30 1.12 4.40 8.60 0.47 1.66 Major importers 5/ : 18.50 100.13 54.52 110.36 154.16 1.33 17.67 Egypt : 0.65 6.15 4.83 8.60 10.70 0.00 0.92 EU-27 6/ : 9.95 54.72 7.06 48.70 62.30 0.66 8.76 Japan : 0.94 0.00 16.71 11.90 16.50 0.00 1.15 Mexico : 2.71 22.35 8.94 15.10 30.70 0.22 3.08 Southeast Asia 7/ : 2.10 16.81 3.96 14.95 20.70 0.44 1.73 South Korea : 1.38 0.07 8.74 6.91 8.83 0.00 1.35 Selected other : Brazil : 3.02 51.00 1.40 34.50 41.00 10.84 3.58 Canada : 2.00 8.99 2.10 8.46 11.44 0.31 1.34 China : 35.26 151.60 0.02 104.00 145.00 5.27 36.60 FSU-12 : 1.66 12.85 0.52 10.51 12.14 1.12 1.77 Ukraine : 0.92 6.40 0.02 4.50 5.25 1.03 1.07 : : 2007/08 (Estimated) : World 3/ : 109.86 788.80 95.47 497.50 774.02 99.21 124.64 United States : 33.11 332.09 0.38 153.68 262.77 62.23 40.58 Total foreign : 76.75 456.71 95.09 343.83 511.25 36.98 84.06 Major exporters 4/ : 3.32 32.50 0.20 8.90 15.20 17.10 3.72 Argentina : 1.66 21.00 0.00 4.60 6.50 15.00 1.16 South Africa : 1.66 11.50 0.20 4.30 8.70 2.10 2.56 Major importers 5/ : 17.67 95.90 59.85 112.55 156.00 1.11 16.31 Egypt : 0.92 6.17 4.20 8.30 10.40 0.00 0.89 EU-27 6/ : 8.76 48.39 13.00 49.00 61.80 0.50 7.86 Japan : 1.15 0.00 16.30 11.70 16.40 0.00 1.05 Mexico : 3.08 22.50 9.20 16.20 32.00 0.10 2.68 Southeast Asia 7/ : 1.73 18.69 3.55 15.75 21.70 0.51 1.76 South Korea : 1.35 0.08 9.10 7.20 9.10 0.00 1.44 Selected other : Brazil : 3.58 57.50 0.75 36.00 42.50 11.00 8.33 Canada : 1.34 11.65 2.80 9.90 13.50 0.60 1.69 China : 36.60 151.83 0.10 105.00 149.00 0.50 39.03 FSU-12 : 1.77 13.79 0.25 10.82 12.50 1.58 1.73 Ukraine : 1.07 7.40 0.02 5.00 5.70 1.50 1.29 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina and South Africa. 5/ Egypt, the EU-27, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-460-23 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: =============================================================================== : : 2008/09 (Projected) World 3/ : June : 121.09 775.26 89.85 485.61 793.06 91.87 103.29 July : 124.64 775.29 89.68 488.58 794.61 91.77 105.31 United States : June : 36.39 298.08 0.38 130.82 266.97 50.80 17.08 July : 40.58 297.57 0.38 132.09 266.59 50.80 21.15 Total foreign : June : 84.70 477.17 89.47 354.80 526.10 41.07 86.20 July : 84.06 477.71 89.30 356.50 528.03 40.97 84.17 Major exporters 4/ : June : 4.27 35.00 0.20 9.50 15.90 18.70 4.87 July : 3.72 35.00 0.20 9.50 15.90 18.70 4.32 Argentina Jun : 1.46 23.50 0.00 5.00 6.90 16.20 1.86 Jul : 1.16 23.50 0.00 5.00 6.90 16.20 1.56 South Africa Jun : 2.81 11.50 0.20 4.50 9.00 2.50 3.01 Jul : 2.56 11.50 0.20 4.50 9.00 2.50 2.76 Major importers 5/ : June : 16.90 104.63 55.05 110.75 155.82 1.64 19.11 July : 16.31 105.97 54.25 112.25 157.32 1.64 17.57 Egypt Jun : 0.89 6.18 4.30 8.30 10.60 0.00 0.77 Jul : 0.89 6.18 4.30 8.30 10.60 0.00 0.77 EU-27 6/ Jun : 8.01 56.12 7.00 46.20 60.20 1.00 9.93 Jul : 7.86 57.46 6.50 48.00 62.00 1.00 8.82 Japan Jun : 1.05 0.00 16.10 11.50 16.10 0.00 1.05 Jul : 1.05 0.00 16.10 11.50 16.10 0.00 1.05 Mexico Jun : 3.18 23.00 10.50 17.00 33.00 0.10 3.58 Jul : 2.68 23.00 10.50 17.00 33.00 0.10 3.08 S.-east Asia 7/Jun : 1.79 19.10 3.75 16.25 22.33 0.54 1.78 Jul : 1.76 19.10 3.75 16.25 22.33 0.54 1.75 South Korea Jun : 1.34 0.08 9.00 7.20 9.10 0.00 1.32 Jul : 1.44 0.08 8.70 6.90 8.80 0.00 1.42 Selected other : Brazil Jun : 8.83 57.00 0.50 38.00 45.00 11.00 10.33 Jul : 8.33 57.00 0.50 38.00 45.00 11.00 9.83 Canada Jun : 1.59 10.00 2.50 8.60 12.60 0.30 1.19 Jul : 1.69 9.70 2.80 8.60 12.60 0.30 1.29 China Jun : 39.03 153.00 0.10 112.00 157.00 0.50 34.63 Jul : 39.03 153.00 0.10 112.00 157.00 0.50 34.63 FSU-12 Jun : 1.83 20.22 0.10 12.63 14.36 3.73 4.05 Jul : 1.73 18.72 0.23 12.73 14.46 3.63 2.58 Ukraine Jun : 1.29 10.00 0.03 5.50 6.20 3.50 1.61 Jul : 1.29 9.50 0.03 5.50 6.20 3.50 1.11 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina and South Africa. 5/ Egypt, the EU-27, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-460-24 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 : =============================================================================== : : 2006/07 World 3/ : 75.68 420.18 27.42 420.13 30.82 75.73 United States : 1.37 6.24 0.65 4.05 2.94 1.27 Total foreign : 74.31 413.94 26.77 416.07 27.88 74.47 Major exporters 4/ : 15.73 139.72 0.46 118.22 21.92 15.76 India : 10.52 93.35 0.00 86.94 5.50 11.43 Pakistan : 0.30 5.20 0.00 2.64 2.40 0.46 Thailand : 3.59 18.25 0.01 9.87 9.50 2.48 Vietnam : 1.32 22.92 0.45 18.78 4.52 1.39 Major importers 5/ : 12.80 60.51 11.58 69.67 0.42 14.79 Brazil : 0.90 7.70 0.75 7.97 0.23 1.16 EU-27 6/ : 1.18 1.69 1.17 2.75 0.15 1.14 Indonesia : 3.21 35.30 2.00 35.90 0.00 4.61 Nigeria : 0.55 2.90 1.60 4.45 0.00 0.60 Philippines : 5.29 10.09 1.80 11.55 0.00 5.63 Sel. Mideast 7/ : 1.51 2.13 2.96 5.06 0.05 1.50 Selected other : Burma : 0.70 10.60 0.00 10.67 0.03 0.60 C. Amer & Carib 8/ : 0.19 0.06 0.37 0.48 0.00 0.14 China : 36.78 127.20 0.47 127.20 1.34 35.92 Egypt : 0.36 4.38 0.10 3.27 1.21 0.37 Japan : 2.40 7.79 0.68 8.25 0.20 2.41 Mexico : 0.16 0.18 0.59 0.79 0.00 0.15 South Korea : 0.82 4.68 0.24 4.89 0.16 0.69 : : 2007/08 (Estimated) World 3/ : 75.73 428.02 25.65 425.24 28.30 78.52 United States : 1.27 6.31 0.73 3.99 3.49 0.84 Total foreign : 74.47 421.71 24.92 421.25 24.82 77.68 Major exporters 4/ : 15.76 143.60 0.41 122.82 19.95 17.00 India : 11.43 95.68 0.00 91.61 2.50 13.00 Pakistan : 0.46 5.50 0.00 2.74 2.70 0.52 Thailand : 2.48 18.50 0.01 9.47 10.00 1.52 Vietnam : 1.39 23.92 0.40 19.00 4.75 1.96 Major importers 5/ : 14.79 62.02 10.22 71.57 0.42 15.03 Brazil : 1.16 8.13 0.70 8.43 0.25 1.31 EU-27 6/ : 1.14 1.68 1.10 2.75 0.15 1.02 Indonesia : 4.61 35.50 1.10 36.35 0.00 4.86 Nigeria : 0.60 3.00 1.60 4.70 0.00 0.50 Philippines : 5.63 10.60 2.00 12.40 0.00 5.83 Sel. Mideast 7/ : 1.50 2.38 2.76 5.20 0.02 1.42 Selected other : Burma : 0.60 10.73 0.03 10.33 0.43 0.60 C. Amer & Carib 8/ : 0.14 0.06 0.34 0.48 0.00 0.05 China : 35.92 129.84 0.30 127.34 1.00 37.72 Egypt : 0.37 4.39 0.02 3.66 0.45 0.67 Japan : 2.41 7.93 0.70 8.15 0.20 2.69 Mexico : 0.15 0.19 0.65 0.78 0.01 0.19 South Korea : 0.69 4.41 0.27 4.64 0.00 0.73 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-27. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. WASDE-460-25 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 : =============================================================================== : : 2008/09 (Projected) World 3/ : June : 77.56 431.41 25.57 427.46 27.05 81.51 July : 78.52 431.70 25.44 428.25 27.65 81.97 United States : June : 0.71 6.30 0.73 4.02 3.17 0.55 July : 0.84 6.56 0.75 4.02 3.42 0.69 Total foreign : June : 76.86 425.11 24.84 423.44 23.88 80.96 July : 77.68 425.14 24.69 424.22 24.23 81.28 Major exporters 4/ : June : 16.31 143.96 0.46 124.25 18.65 17.83 July : 17.00 144.10 0.31 123.97 19.35 18.09 India Jun : 13.00 96.00 0.00 93.00 2.00 14.00 Jul : 13.00 96.00 0.00 93.00 2.00 14.00 Pakistan Jun : 0.52 5.60 0.00 2.42 3.15 0.55 Jul : 0.52 5.60 0.00 2.42 3.15 0.55 Thailand Jun : 1.52 18.80 0.01 9.45 9.00 1.88 Jul : 1.52 18.80 0.01 9.45 9.00 1.88 Vietnam Jun : 1.27 23.56 0.45 19.38 4.50 1.40 Jul : 1.96 23.70 0.30 19.10 5.20 1.66 Major importers 5/ : June : 15.03 63.57 9.98 73.01 0.47 15.11 July : 15.03 63.57 9.98 73.01 0.47 15.11 Brazil Jun : 1.31 8.50 0.60 8.71 0.30 1.40 Jul : 1.31 8.50 0.60 8.71 0.30 1.40 EU-27 6/ Jun : 1.02 1.62 1.20 2.75 0.15 0.94 Jul : 1.02 1.62 1.20 2.75 0.15 0.94 Indonesia Jun : 4.86 36.25 0.80 36.85 0.00 5.06 Jul : 4.86 36.25 0.80 36.85 0.00 5.06 Nigeria Jun : 0.50 3.10 1.60 4.80 0.00 0.40 Jul : 0.50 3.10 1.60 4.80 0.00 0.40 Philippines Jun : 5.83 11.00 2.00 12.85 0.00 5.98 Jul : 5.83 11.00 2.00 12.85 0.00 5.98 Sel. Mideast 7/Jun : 1.42 2.37 2.82 5.30 0.02 1.28 Jul : 1.42 2.37 2.82 5.30 0.02 1.28 Selected other : Burma Jun : 0.60 9.40 0.00 9.70 0.00 0.30 Jul : 0.60 9.40 0.00 9.70 0.00 0.30 C. Am & Car. 8/Jun : 0.05 0.06 0.39 0.48 0.00 0.02 Jul : 0.05 0.06 0.39 0.48 0.00 0.02 China Jun : 37.72 130.55 0.33 127.65 1.10 39.85 Jul : 37.72 130.55 0.33 127.65 1.10 39.85 Egypt Jun : 0.59 4.39 0.02 3.35 1.00 0.65 Jul : 0.67 4.39 0.02 3.63 0.80 0.65 Japan Jun : 2.69 7.90 0.70 8.13 0.20 2.96 Jul : 2.69 7.90 0.70 8.13 0.20 2.96 Mexico Jun : 0.19 0.19 0.65 0.81 0.01 0.20 Jul : 0.19 0.19 0.65 0.81 0.01 0.20 South Korea Jun : 0.73 4.50 0.29 4.54 0.00 0.97 Jul : 0.73 4.50 0.29 4.54 0.00 0.97 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, the EU-27. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. WASDE-460-26 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2006/07 : World : 62.40 121.99 37.39 123.32 37.19 -1.72 62.98 United States : 6.07 21.59 0.02 4.94 13.01 0.25 9.48 Total foreign : 56.33 100.40 37.37 118.38 24.18 -1.97 53.51 Major exporters 4/ : 19.97 45.69 2.27 27.34 20.39 -0.16 20.37 Central Asia 5/ : 2.16 8.19 0.31 1.52 6.96 0.00 2.18 Afr. Fr. Zone 6/ : 1.48 3.64 3/ 0.19 3.81 0.00 1.13 S. Hemis. 7/ : 6.75 9.87 0.95 5.71 4.09 -0.18 7.95 Australia : 1.94 1.35 3/ 0.06 2.13 -0.05 1.15 Brazil : 3.82 7.00 0.52 4.50 1.30 -0.15 5.68 India : 8.06 21.80 0.47 18.10 4.57 0.00 7.66 Major importers 8/ : 34.14 51.63 32.40 86.44 2.42 -1.81 31.12 Mexico : 1.32 0.65 1.35 2.10 0.18 0.03 1.03 China : 22.54 35.50 10.59 50.00 0.09 -2.00 20.54 EU-27 9/ : 1.18 1.61 2.02 2.36 1.58 0.06 0.83 Russia : 0.22 3/ 1.40 1.40 0.00 0.00 0.22 Turkey : 1.67 3.80 4.00 7.30 0.21 0.00 1.96 Pakistan : 4.91 9.90 2.30 12.50 0.26 0.03 4.33 Indonesia : 0.37 0.03 2.20 2.18 0.02 0.05 0.35 Thailand : 0.41 0.03 1.91 1.95 0.00 0.03 0.37 Bangladesh : 0.46 0.06 2.48 2.48 0.00 0.01 0.51 : : 2007/08 (Estimated) : World : 62.98 119.91 39.02 124.25 38.85 -2.45 61.26 United States : 9.48 19.21 0.02 4.60 13.90 0.00 10.20 Total foreign : 53.51 100.71 39.00 119.65 24.95 -2.45 51.06 Major exporters 4/ : 20.37 47.75 1.74 27.80 21.54 -0.14 20.66 Central Asia 5/ : 2.18 8.35 0.20 1.64 6.83 0.00 2.26 Afr. Fr. Zone 6/ : 1.13 2.42 3/ 0.19 2.53 0.00 0.83 S. Hemis. 7/ : 7.95 9.17 0.54 5.75 4.03 -0.15 8.03 Australia : 1.15 0.60 3/ 0.05 1.20 -0.02 0.53 Brazil : 5.68 7.15 0.17 4.50 2.30 -0.15 6.35 India : 7.66 25.30 0.45 18.40 7.00 0.00 8.01 Major importers 8/ : 31.12 50.06 34.68 87.36 2.31 -2.31 28.51 Mexico : 1.03 0.62 1.50 2.00 0.20 0.03 0.92 China : 20.54 35.80 12.25 52.50 0.08 -2.50 18.51 EU-27 9/ : 0.83 1.51 1.65 1.90 1.40 0.05 0.65 Russia : 0.22 3/ 1.28 1.30 0.00 0.00 0.20 Turkey : 1.96 3.10 3.20 6.30 0.23 0.00 1.73 Pakistan : 4.33 8.90 3.80 12.50 0.28 0.03 4.23 Indonesia : 0.35 0.03 2.30 2.23 0.02 0.05 0.39 Thailand : 0.37 0.03 1.95 1.95 0.00 0.03 0.37 Bangladesh : 0.51 0.04 2.75 2.75 0.00 0.01 0.53 =============================================================================== 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-460-27 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2008/09 (Projected) World : June : 61.82 116.43 40.89 127.16 40.87 -2.98 54.09 July : 61.26 114.94 39.88 125.91 39.89 -2.96 53.24 United States : June : 10.20 14.50 0.02 4.30 15.00 0.02 5.40 July : 10.20 14.00 0.02 4.40 14.50 0.02 5.30 Total foreign : June : 51.62 101.93 40.88 122.86 25.87 -3.00 48.69 July : 51.06 100.94 39.87 121.51 25.39 -2.97 47.94 Major exporters 4/ : June : 21.26 49.12 1.75 28.40 22.69 -0.19 21.22 July : 20.66 48.16 1.77 28.22 22.21 -0.16 20.32 Central Asia 5/Jun : 2.27 7.74 0.30 1.65 6.61 0.00 2.05 Jul : 2.26 7.70 0.20 1.65 6.43 0.00 2.09 Afr. Fr. Zn. 6/Jun : 0.83 3.39 3/ 0.19 3.08 0.00 0.95 Jul : 0.83 3.39 3/ 0.19 3.08 0.00 0.95 S. Hemis 7/ Jun : 8.08 9.39 0.55 5.84 4.28 -0.20 8.10 Jul : 8.03 9.47 0.57 5.87 4.28 -0.18 8.10 Australia Jun : 0.60 1.50 3/ 0.05 1.20 -0.07 0.93 Jul : 0.53 1.50 3/ 0.05 1.20 -0.05 0.83 Brazil Jun : 6.35 6.40 0.20 4.60 2.50 -0.15 6.00 Jul : 6.35 6.40 0.25 4.60 2.50 -0.15 6.05 India Jun : 8.55 26.50 0.40 19.00 7.50 0.00 8.95 Jul : 8.01 25.50 0.50 18.80 7.20 0.00 8.01 Major importers 8/ : June : 28.47 49.61 36.51 89.94 1.95 -2.81 25.52 July : 28.51 49.59 35.48 88.76 1.95 -2.81 25.68 Mexico Jun : 0.95 0.68 1.35 1.95 0.18 0.03 0.83 Jul : 0.92 0.68 1.35 1.95 0.18 0.03 0.80 China Jun : 18.26 35.50 14.50 55.00 0.08 -3.00 16.19 Jul : 18.51 35.50 13.50 54.00 0.08 -3.00 16.44 EU-27 9/ Jun : 0.66 1.26 1.59 1.79 1.10 0.05 0.57 Jul : 0.65 1.26 1.55 1.76 1.10 0.05 0.55 Russia Jun : 0.20 3/ 1.20 1.20 0.00 0.00 0.20 Jul : 0.20 3/ 1.20 1.20 0.00 0.00 0.20 Turkey Jun : 1.93 2.60 3.50 6.20 0.23 0.00 1.61 Jul : 1.73 2.60 3.35 6.00 0.23 0.00 1.46 Pakistan Jun : 4.23 9.40 3.40 12.75 0.25 0.03 4.00 Jul : 4.23 9.40 3.50 12.75 0.25 0.03 4.10 Indonesia Jun : 0.39 0.03 2.30 2.30 0.02 0.05 0.35 Jul : 0.39 0.03 2.30 2.30 0.02 0.05 0.35 Thailand Jun : 0.37 0.03 1.95 2.00 0.00 0.03 0.32 Jul : 0.37 0.03 1.95 2.00 0.00 0.03 0.32 Bangladesh Jun : 0.53 0.06 2.95 2.95 0.00 0.01 0.58 Jul : 0.53 0.06 2.95 2.95 0.00 0.01 0.58 =============================================================================== 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-460-28 World Soybean Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : : :stocks :Beginning:Produc-: : Domestic : : : stocks : tion :Imports: Crush : Total :Exports: =============================================================================== : : 2006/07 World 2/ : 53.35 236.56 69.08 196.12 225.26 71.27 62.46 United States : 12.23 86.77 0.25 49.20 53.20 30.43 15.62 Total foreign : 41.12 149.79 68.83 146.93 172.06 40.84 46.85 Major exporters 3/ : 33.56 114.00 2.05 66.75 71.31 37.24 41.06 Argentina : 16.47 48.80 1.99 33.59 35.09 9.56 22.61 Brazil : 16.73 59.00 0.05 31.11 34.02 23.49 18.28 Major importers 4/ : 5.83 17.76 55.50 58.92 74.31 0.52 4.26 China : 4.57 15.20 28.73 35.48 45.40 0.45 2.66 EU-27 : 0.74 1.23 15.29 14.67 16.09 0.05 1.12 Japan : 0.26 0.23 4.09 2.93 4.31 0.00 0.27 Mexico : 0.04 0.08 3.94 3.99 4.02 0.00 0.04 : : 2007/08 (Estimated) World 2/ : 62.46 218.80 75.97 205.10 232.19 76.20 48.84 United States : 15.62 70.36 0.27 50.08 51.67 31.16 3.41 Total foreign : 46.85 148.44 75.70 155.02 180.52 45.03 45.43 Major exporters 3/ : 41.06 114.80 2.62 70.93 75.54 41.76 41.18 Argentina : 22.61 47.00 2.45 36.10 37.62 12.20 22.24 Brazil : 18.28 61.00 0.15 32.50 35.45 25.20 18.78 Major importers 4/ : 4.26 15.52 61.28 61.79 77.36 0.42 3.27 China : 2.66 13.50 34.40 38.40 48.43 0.35 1.78 EU-27 : 1.12 0.72 15.30 14.76 16.10 0.05 1.00 Japan : 0.27 0.23 4.05 2.86 4.26 0.00 0.29 Mexico : 0.04 0.08 3.85 3.90 3.94 0.00 0.03 : : 2008/09 (Projected) World 2/ : June : 49.26 240.67 76.22 208.36 239.44 76.29 50.41 July : 48.84 237.80 76.38 207.33 237.87 76.28 48.87 United States : June : 3.40 84.50 0.22 50.08 54.77 28.58 4.78 July : 3.41 81.65 0.27 49.80 54.31 27.22 3.80 Total foreign : June : 45.86 156.17 76.00 158.28 184.67 47.72 45.63 July : 45.43 156.15 76.11 157.53 183.56 49.07 45.06 Major exporters 3/ : June : 41.68 119.20 2.72 72.98 77.99 44.28 41.33 July : 41.18 119.20 2.83 72.18 76.86 45.63 40.72 Argentina Jun : 22.14 48.00 2.50 38.00 39.54 11.15 21.95 Jul : 22.24 48.00 2.65 37.20 38.74 12.20 21.95 Brazil Jun : 19.37 64.00 0.20 32.50 35.83 28.55 19.20 Jul : 18.78 64.00 0.16 32.50 35.50 28.85 18.59 Major importers 4/ : June : 3.19 18.07 61.14 62.77 78.73 0.44 3.23 July : 3.27 18.07 61.14 62.78 78.75 0.44 3.30 China Jun : 1.76 16.00 35.50 40.80 51.05 0.38 1.83 Jul : 1.78 16.00 35.50 40.80 51.05 0.38 1.86 EU-27 Jun : 0.91 0.77 14.20 13.55 14.97 0.05 0.87 Jul : 1.00 0.77 14.15 13.55 14.97 0.05 0.91 Japan Jun : 0.32 0.23 4.10 2.92 4.34 0.00 0.31 Jul : 0.29 0.23 4.05 2.84 4.26 0.00 0.31 Mexico Jun : 0.03 0.10 3.64 3.71 3.74 0.00 0.03 Jul : 0.03 0.10 3.64 3.71 3.74 0.00 0.03 =============================================================================== 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-460-29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2006/07 World 2/ : 5.85 154.28 52.32 152.13 54.22 6.10 United States : 0.29 39.06 0.14 31.20 7.97 0.31 Total foreign : 5.57 115.22 52.18 120.93 46.25 5.79 Major exporters 3/ : 3.46 55.43 0.17 13.65 41.80 3.61 Argentina : 1.67 26.06 0.00 0.59 25.63 1.52 Brazil : 1.47 24.10 0.17 11.11 12.72 1.91 India : 0.31 5.27 0.00 1.95 3.46 0.18 Major importers 4/ : 1.10 40.96 28.48 67.96 1.45 1.13 EU-27 : 0.87 11.55 22.08 33.09 0.55 0.85 China : 0.00 28.09 0.03 27.26 0.87 0.00 : : 2007/08 (Estimated) World 2/ : 6.10 161.37 56.44 159.85 58.20 5.85 United States : 0.31 39.68 0.15 31.25 8.62 0.27 Total foreign : 5.79 121.69 56.29 128.59 49.58 5.58 Major exporters 3/ : 3.61 59.67 0.13 14.35 45.48 3.58 Argentina : 1.52 28.14 0.00 0.63 27.57 1.46 Brazil : 1.91 25.18 0.13 11.67 13.60 1.94 India : 0.18 6.35 0.00 2.05 4.31 0.18 Major importers 4/ : 1.13 43.32 31.39 73.58 1.14 1.11 EU-27 : 0.85 11.62 24.40 35.56 0.45 0.86 China : 0.00 30.40 0.30 30.05 0.65 0.00 : : 2008/09 (Projected) World 2/ : June : 5.85 163.92 56.27 162.16 58.40 5.48 July : 5.85 163.05 56.23 161.87 57.76 5.50 United States : June : 0.27 39.72 0.15 31.80 8.07 0.27 July : 0.27 39.40 0.15 31.48 8.07 0.27 Total foreign : June : 5.58 124.20 56.12 130.36 50.33 5.21 July : 5.58 123.65 56.08 130.40 49.69 5.23 Major exporters 3/ : June : 3.60 60.68 0.13 15.17 45.97 3.26 July : 3.58 60.13 0.13 15.16 45.42 3.26 Argentina Jun : 1.46 29.55 0.00 0.66 28.90 1.46 Jul : 1.46 29.00 0.00 0.66 28.35 1.46 Brazil Jun : 1.94 25.18 0.13 12.30 13.33 1.62 Jul : 1.94 25.18 0.13 12.30 13.33 1.62 India Jun : 0.19 5.96 0.00 2.21 3.75 0.18 Jul : 0.18 5.96 0.00 2.20 3.75 0.18 Major importers 4/ : June : 1.11 44.22 30.79 73.83 1.24 1.06 July : 1.11 44.29 30.77 74.13 0.99 1.06 EU-27 Jun : 0.86 10.67 23.50 33.72 0.45 0.86 Jul : 0.86 10.67 23.50 33.72 0.45 0.86 China Jun : 0.00 32.30 0.30 31.85 0.75 0.00 Jul : 0.00 32.30 0.30 32.10 0.50 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-460-30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2006/07 World 2/ : 3.30 36.43 9.70 35.59 10.70 3.13 United States : 1.37 9.29 0.02 8.42 0.86 1.40 Total foreign : 1.93 27.14 9.68 27.17 9.85 1.73 Major exporters 3/ : 1.00 15.01 0.97 7.42 8.68 0.89 Argentina : 0.49 6.42 0.00 0.57 5.97 0.38 Brazil : 0.31 5.95 0.00 3.49 2.46 0.32 EU-27 : 0.19 2.64 0.97 3.36 0.24 0.20 Major importers 4/ : 0.43 7.53 3.84 11.24 0.10 0.46 China : 0.20 6.34 2.40 8.60 0.09 0.25 India : 0.23 1.18 1.40 2.60 0.01 0.21 Pakistan : 0.00 0.01 0.04 0.04 0.00 0.00 : : 2007/08 (Estimated) World 2/ : 3.13 38.34 10.52 38.00 11.25 2.73 United States : 1.40 9.68 0.02 8.35 1.43 1.33 Total foreign : 1.73 28.65 10.49 29.66 9.83 1.40 Major exporters 3/ : 0.89 15.81 1.07 8.24 8.70 0.83 Argentina : 0.38 6.93 0.00 0.98 6.00 0.32 Brazil : 0.32 6.23 0.07 3.85 2.45 0.31 EU-27 : 0.20 2.66 1.00 3.41 0.25 0.20 Major importers 4/ : 0.46 8.29 3.95 12.34 0.06 0.30 China : 0.25 6.86 3.00 9.85 0.05 0.21 India : 0.21 1.42 0.90 2.43 0.01 0.09 Pakistan : 0.00 0.01 0.05 0.06 0.00 0.00 : : 2008/09 (Projected) World 2/ : June : 2.74 38.79 10.80 38.81 10.88 2.63 July : 2.73 38.63 10.72 38.59 10.87 2.62 United States : June : 1.31 9.51 0.02 8.44 1.20 1.21 July : 1.33 9.46 0.02 8.39 1.20 1.22 Total foreign : June : 1.43 29.27 10.78 30.38 9.68 1.42 July : 1.40 29.17 10.70 30.20 9.67 1.40 Major exporters 3/ : June : 0.85 15.94 1.02 8.47 8.55 0.80 July : 0.83 15.80 1.02 8.37 8.50 0.78 Argentina Jun : 0.34 7.28 0.00 1.14 6.15 0.33 Jul : 0.32 7.14 0.00 1.14 6.00 0.32 Brazil Jun : 0.31 6.23 0.07 4.10 2.20 0.31 Jul : 0.31 6.23 0.07 4.00 2.30 0.31 EU-27 Jun : 0.20 2.44 0.95 3.23 0.20 0.16 Jul : 0.20 2.44 0.95 3.24 0.20 0.15 Major importers 4/ : June : 0.30 8.64 4.05 12.59 0.06 0.35 July : 0.30 8.64 4.00 12.54 0.06 0.35 China Jun : 0.21 7.30 3.10 10.30 0.05 0.26 Jul : 0.21 7.30 3.10 10.30 0.05 0.26 India Jun : 0.09 1.34 0.90 2.23 0.01 0.08 Jul : 0.09 1.34 0.85 2.18 0.01 0.08 Pakistan Jun : 0.00 0.01 0.05 0.06 0.00 0.00 Jul : 0.00 0.01 0.05 0.06 0.00 0.00 =============================================================================== 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and EU. 4/ India, China and Pakistan. WASDE-460-31 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 2007 : III : 6802 5256 12130 9131 1488 10747 22876 1883 46.1 IV : 6733 6163 12976 9285 1575 10986 23962 1921 46.0 Annual : 26421 21943 48683 36126 5958 42582 91265 7547 185.6 : 2008 : I : 6371 6023 12474 9108 1541 10784 23258 1870 47.5 II : 6900 5590 12570 9450 1550 11145 23715 1865 48.7 III* : 6915 5665 12657 9250 1530 10915 23572 1890 46.7 IV* : 6380 6200 12661 9200 1560 10890 23551 1925 46.5 Annual : Jun Proj : 26826 23383 50530 36858 6181 43574 94104 7550 189.3 Jul Proj : 26566 23478 50362 37008 6181 43734 94096 7550 189.5 : 2009 : I* : 6255 5830 12164 8920 1490 10540 22704 1865 47.5 II* : 6760 5485 12326 9320 1515 10965 23291 1865 48.9 Annual : Jun Proj : 26385 22695 49397 36975 6140 43640 93037 7560 190.3 Jul Proj : 26385 22750 49452 36590 6045 43160 92612 7560 190.3 =============================================================================== * 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 2007 : III : 91.36 50.33 79.2 89.9 119.1 21.67 IV : 91.85 39.43 71.1 90.8 141.0 21.60 Annual : 91.82 47.09 76.4 82.1 114.4 19.13 : 2008 : I : 89.59 39.64 78.1 77.4 158.8 19.23 II : 92.82 52.51 80.6 88.9 117.0 18.60 III* : 91-95 50-52 82-86 92-96 132-138 18.90-19.30 IV* : 92-98 43-47 82-88 92-98 140-150 19.20-19.90 Annual : Jun Proj : 89-93 46-48 80-83 88-91 121-125 18.90-19.30 Jul Proj : 91-94 46-48 81-83 88-90 137-141 18.95-19.25 : 2009 : I* : 90-98 45-49 84-90 80-86 130-140 18.65-19.65 II* : 92-100 49-53 84-92 87-95 123-133 18.30-19.30 Annual : Jun Proj : 89-97 47-51 82-89 82-89 95-103 18.15-19.15 Jul Proj : 91-99 48-51 85-92 89-96 123-133 18.60-19.60 =============================================================================== *Projection. 1/ Simple average of months. 2/ Nebraska, Direct, 1100-1300 lbs. 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale, 12-city average. 5/ 8-12 lbs, hens Eastern Region. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. WASDE-460-32 U.S. Meats Supply and Use =============================================================================== : Supply : Use :----------------------------------------------------------- : : : : : : : Disappearance : : Pro- : : : : :-------------- : Beg- : duc- : : : : End- : : Per Item :inning: tion : Im- : Total : Ex- : ing : :capita :stocks: 1/ :ports: supply: ports:stocks:Total : 2/ 3/ =============================================================================== : Million pounds 4/ BEEF : 2007 : 630 26523 3052 30205 1431 630 28144 65.2 2008 Proj. Jun : 630 26928 2772 30330 1650 600 28080 64.5 Jul : 630 26668 2692 29990 1700 600 27690 63.6 2009 Proj. Jun : 600 26487 2955 30042 1870 600 27572 62.7 Jul : 600 26487 2955 30042 1890 600 27552 62.7 : PORK : 2007 : 514 21962 968 23444 3138 536 19769 50.8 2008 Proj. Jun : 536 23402 907 24845 4266 650 19929 50.7 Jul : 536 23497 892 24925 4556 650 19719 50.2 2009 Proj. Jun : 650 22714 885 24249 3985 610 19654 49.6 Jul : 650 22769 865 24284 4135 610 19539 49.3 : TOTAL RED MEAT 5/ : 2007 : 1166 48817 4223 54206 4579 1186 48441 117.5 2008 Proj. Jun : 1186 50664 3872 55722 5925 1270 48527 116.7 Jul : 1186 50496 3777 55459 6265 1270 47924 115.2 2009 Proj. Jun : 1270 49531 4032 54833 5867 1230 47736 113.7 Jul : 1270 49586 4012 54868 6037 1230 47601 113.4 : BROILERS : 2007 : 732 35739 61 36532 5772 719 30041 85.4 2008 Proj. Jun : 719 36464 61 37243 6157 660 30426 85.7 Jul : 719 36612 67 37398 6257 660 30481 85.9 2009 Proj. Jun : 660 36579 60 37299 6200 680 30419 84.9 Jul : 660 36198 68 36926 6200 680 30046 83.9 : TURKEYS : 2007 : 218 5880 9 6107 554 261 5292 17.5 2008 Proj. Jun : 261 6100 12 6373 618 275 5480 18.0 Jul : 261 6100 12 6373 623 275 5475 18.0 2009 Proj. Jun : 275 6060 12 6347 635 285 5427 17.6 Jul : 275 5966 12 6253 635 285 5333 17.3 : TOTAL POULTRY 6/ : 2007 : 956 42117 74 43146 6490 982 35674 104.1 2008 Proj. Jun : 982 43098 76 44155 6936 937 36282 104.9 Jul : 982 43257 82 44320 7011 937 36371 105.2 2009 Proj. Jun : 937 43163 75 44175 6985 967 36223 103.8 Jul : 937 42689 83 43708 6985 967 35756 102.4 : RED MEAT & POULTRY : 2007 : 2122 90934 4297 97353 11069 2168 84116 221.6 2008 Proj. Jun : 2168 93762 3948 99877 12861 2207 84809 221.6 Jul : 2168 93753 3859 99779 13276 2207 84295 220.4 2009 Proj. Jun : 2207 92694 4107 99008 12852 2197 83959 217.5 Jul : 2207 92275 4095 98576 13022 2197 83357 215.8 =============================================================================== 1/ Total including farm production for red meats and, for poultry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis. 3/ Population source: Dept. of Commerce, Census Bureau. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. WASDE-460-33 U.S. Egg Supply and Use =============================================================================== : : : 2008 Projected : 2009 Projected : : :-----------------:----------------- Commodity : 2006 : 2007 : Jun : Jul : Jun : Jul =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 16.0 12.5 11.1 11.1 12.0 12.0 Production : 7610.0 7547.0 7550.0 7550.0 7560.0 7560.0 Imports : 8.6 13.7 14.5 14.5 14.0 14.0 Total supply : 7634.6 7573.2 7575.6 7575.6 7586.0 7586.0 : Use : Exports : 202.1 251.0 215.6 200.6 239.0 221.0 Hatching use : 992.2 1014.5 1010.3 1010.3 1018.0 1018.0 Ending stocks : 12.5 11.1 12.0 12.0 12.0 12.0 Disappearance : Total : 6427.8 6296.6 6337.7 6352.7 6317.0 6335.0 Per capita (number) : 257.8 250.1 249.4 250.0 246.3 247.0 =============================================================================== U.S. Milk Supply and Use =============================================================================== : : : 2008 Projected : 2009 Projected Commodity : : :-----------------:----------------- : 2006 : 2007 : Jun : Jul : Jun : Jul =============================================================================== : Billion pounds Milk : Production : 181.8 185.6 189.3 189.5 190.3 190.3 Farm use : 1.2 1.2 1.2 1.2 1.2 1.2 : Fat Basis Supply : Beg. commercial stocks : 8.0 9.5 10.4 10.4 10.3 9.7 Marketings : 180.6 184.4 188.1 188.3 189.2 189.1 Imports : 5.0 4.6 4.4 4.4 4.5 4.5 Total cml. supply : 193.6 198.6 202.9 203.0 204.0 203.3 : Fat Basis Use : Commercial Exports : 3.4 5.7 7.8 7.9 6.0 6.0 Ending commercial stks : 9.5 10.4 10.3 9.7 9.4 9.0 CCC net removals 1/ : 0.0 0.0 0.0 0.0 0.0 0.0 Commercial use 2/ : 180.7 182.5 184.7 185.4 188.6 188.3 : Skim-solids Basis Supply : Beg. commercial stocks : 9.0 9.1 9.9 9.9 9.9 9.4 Marketings : 180.6 184.4 188.1 188.3 189.2 189.1 Imports : 4.8 4.4 4.2 4.2 4.3 4.3 Total cml. supply : 194.4 197.9 202.3 202.4 203.3 202.7 : Skim-solids Basis Use : Commercial Exports : 23.6 28.2 25.3 25.4 23.6 23.7 Ending commercial stks : 9.1 9.9 9.9 9.4 9.5 9.1 CCC net removals 1/ : 0.7 0.0 0.0 0.0 0.0 0.0 Commercial use 2/ : 160.9 159.8 167.1 167.7 170.2 169.9 : : Million pounds CCC product net removals 1/: Butter : 0 0 0 0 0 0 Cheese : 0 0 0 0 0 0 Nonfat dry milk : 64 0 0 0 0 0 Dry whole milk : 0 0 0 0 0 0 =============================================================================== Note: Totals may not add due to rounding. 1/ Includes products exported under the Dairy Export Incentive Program. 2/ Domestic commercial use only. WASDE-460-34 U.S. Dairy Prices =========================================================================== : : : 2008 Projected : 2009 Projected : : :-----------------:----------------- Commodity : 2006 : 2007 : Jun : Jul : Jun : Jul =========================================================================== : Dollars per pound : Product Prices 1/ : Cheese : 1.2470 1.7380 1.940- 1.935- 1.805- 1.855- : 1.980 1.965 1.905 1.955 : Butter : 1.2193 1.3441 1.345- 1.360- 1.350- 1.350- : 1.415 1.420 1.480 1.480 : Nonfat dry milk : 0.8928 1.7083 1.360- 1.370- 1.475- 1.475- : 1.400 1.400 1.545 1.545 : Dry whey : 0.3285 0.6004 0.285- 0.280- 0.320- 0.320- : 0.305 0.300 0.350 0.350 : : Dollars per cwt Milk Prices 2/ : Class III : 11.89 18.04 18.15- 18.10- 17.10- 17.55- : 18.55 18.40 18.10 18.55 : Class IV : 11.06 18.36 15.55- 15.70- 16.55- 16.55- : 16.05 16.10 17.65 17.65 : All milk 3/ : 12.88 19.13 18.90- 18.95- 18.15- 18.60- : 19.30 19.25 19.15 19.60 : =========================================================================== 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-460-35 Note: Tables on pages 35-37 present a 27-year record of the differences between the July projection and the final estimate. Using world wheat production as an example, changes between the July projection and the final estimate have averaged 13.3 million tons (2.4%) ranging from -34.6 to 23.7 million tons. The July projection has been below the estimate 15 times and above 12 times. Reliability of July Projections =============================================================================== :Differences between proj. & final estimate,1981/82-2007/08 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== WHEAT :Percent Million metric tons Number of years 2/ Production : World : 2.4 13.3 -34.6 23.7 15 12 U.S. : 2.8 1.7 -6.2 5.4 11 16 Foreign : 2.7 12.8 -32.0 21.1 16 11 Exports : World : 4.5 5.1 -14.5 11.3 16 11 U.S. : 8.3 2.7 -10.0 7.8 17 10 Foreign : 5.2 4.3 -10.8 7.1 16 11 Domestic use : World : 1.6 8.7 -25.7 17.4 18 9 U.S. : 5.9 1.8 -5.0 3.6 12 15 Foreign : 1.6 8.1 -22.4 15.9 19 8 Ending stocks : World : 9.0 11.6 -26.0 27.0 16 11 U.S. : 15.9 3.2 -10.2 13.9 13 14 Foreign : 9.4 9.8 -25.0 13.8 17 10 : COARSE GRAINS 3/ : Production : World : 2.4 20.4 -68.4 53.6 14 13 U.S. : 6.8 15.1 -32.6 57.7 12 15 Foreign : 2.1 12.4 -37.9 28.2 13 14 Exports : World : 6.3 6.8 -19.1 17.8 18 9 U.S. : 14.6 7.9 -20.9 15.0 10 17 Foreign : 13.1 6.8 -19.7 14.2 17 10 Domestic use : World : 1.5 12.4 -23.9 26.7 14 13 U.S. : 3.7 6.8 -14.5 22.2 18 9 Foreign : 1.5 10.1 -15.3 30.5 15 12 Ending stocks : World : 13.5 17.9 -60.2 41.0 16 11 U.S. : 29.4 14.4 -50.5 39.5 9 18 Foreign : 12.2 10.2 -27.0 9.9 19 8 : RICE, milled : Production : World : 2.0 7.0 -24.0 14.2 18 9 U.S. : 4.0 0.2 -0.5 0.4 15 10 Foreign : 2.0 7.0 -24.3 14.3 18 9 Exports : World : 7.7 1.6 -6.7 1.3 18 9 U.S. : 8.1 0.2 -1.0 0.7 14 11 Foreign : 8.6 1.5 -6.5 1.7 18 9 Domestic use : World : 1.5 5.2 -22.4 22.9 18 9 U.S. : 6.7 0.2 -0.4 0.5 10 16 Foreign : 1.6 5.3 -22.9 22.8 18 9 Ending stocks : World : 10.8 4.9 -15.6 8.0 21 6 U.S. : 24.6 0.3 -0.6 1.0 15 11 Foreign : 11.6 5.0 -16.5 8.4 21 6 =============================================================================== 1/ Footnotes at end of table. CONTINUED WASDE-460-36 Reliability of July Projections (Continued) =============================================================================== :Differences between proj. & final estimate,1981/82-2007/08 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== SOYBEANS :Percent Million metric tons Number of years 2/ Production : World : 3.1 7.1 -15.2 8.3 1 3 U.S. : 4.8 4.0 -5.5 1.1 3 1 Foreign : 5.9 8.2 -10.4 13.7 1 3 Exports : World : 3.4 2.2 0.6 4.4 0 4 U.S. : 8.6 2.4 -2.4 5.1 2 2 Foreign : 9.2 3.4 -2.9 6.0 1 3 Domestic use : World : 1.6 3.3 -4.8 7.1 2 2 U.S. : 2.6 1.4 -2.4 0.8 3 1 Foreign : 2.1 3.4 -3.6 8.1 2 2 Ending stocks : World : 6.3 3.7 -10.6 2.6 3 1 U.S. : 48.0 3.5 -6.5 3.3 3 1 Foreign : 10.3 4.5 -9.2 5.1 2 2 : COTTON : Million 480-pound bales Production : World : 4.1 3.7 -14.9 10.3 18 9 U.S. : 9.1 1.5 -5.2 3.6 18 9 Foreign : 3.9 2.9 -12.1 10.5 15 11 Exports : World : 6.0 1.7 -7.2 6.3 14 13 U.S. : 18.3 1.3 -3.5 3.6 17 10 Foreign : 6.6 1.3 -3.7 2.7 11 16 Mill use : World : 2.6 2.4 -7.9 3.4 13 14 U.S. : 7.3 0.6 -1.4 1.3 15 11 Foreign : 2.8 2.3 -7.4 4.0 13 14 Ending stocks : World : 14.7 5.6 -14.3 15.3 19 8 U.S. : 33.1 1.7 -4.9 2.4 13 14 Foreign : 14.1 4.6 -13.9 12.9 20 7 =============================================================================== 1/ Final estimate for 1981/82-2006/07 is defined as the first November estimate following the marketing year, and for 2007/08 last month's estimate. 2/ May not total 27 if projection was the same as final estimate. 3/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. WASDE-460-37 Reliability of United States July Projections 1/ =============================================================================== :Differences between proj. & final estimate,1981/82-2007/08 2/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== CORN :Percent Million bushels Number of years 3/ Production : 7.4 542 -1172 2034 15 12 Exports : 15.6 286 -775 546 11 15 Domestic use : 4.1 262 -558 770 19 8 Ending stocks : 34.4 511 -1840 1343 10 17 : SORGHUM : Production : 14.0 80 -213 176 14 13 Exports : 18.5 42 -115 97 13 14 Domestic use : 15.1 53 -139 113 11 16 Ending stocks : 48.3 59 -174 157 10 17 : BARLEY : Production : 6.8 25 -87 62 8 18 Exports : 32.4 18 -92 43 18 8 Domestic use : 9.1 30 -47 87 12 15 Ending stocks : 21.4 33 -50 114 9 18 : OATS : Production : 10.6 26 -39 144 4 22 Exports : 62.7 1 -5 8 8 10 Domestic use : 5.5 19 -39 67 10 16 Ending stocks : 14.4 16 -33 68 9 18 : : Thousand short tons SOYBEAN MEAL : Production : 4.1 1280 -3271 4432 19 8 Exports : 13.7 894 -2450 1764 14 13 Domestic use : 3.8 857 -1550 4470 14 13 Ending stocks : 28.1 68 -204 413 10 15 : : Million pounds SOYBEAN OIL : Production : 4.2 629 -1753 1553 18 9 Exports : 25.1 418 -1700 1219 16 11 Domestic use : 3.0 402 -985 1500 16 10 Ending stocks : 35.4 548 -1297 1568 13 14 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 1.2 303 -514 694 17 9 Pork : 0.9 155 -277 436 14 12 Broilers : 0.8 188 -487 469 16 10 Turkeys : 1.2 53 -134 133 19 7 : : Million dozen Eggs : 0.7 46 -48 115 20 6 : : Billion pounds Milk : 0.7 1.1 -3.6 3.9 14 12 =============================================================================== 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. 2/ Final estimate for 1981/82-2006/07 is defined as the first November estimate following the marketing year, and for 2007/08 last month's estimate. 3/ May not total 27 for crops and 26 for animal production if projection was the same as the final estimate. 4/ Calendar years 1982 thru 2007 for meats, eggs, and milk. Final for animal products is defined as latest annual production estimate published by NASS. -------------- End of File ---------------