ISSN:1554-9089 WASDE-461 August 12, 2008 WHEAT: U.S. 2008/09 wheat production is forecast 2 million bushels higher this month. Higher forecast hard red winter wheat and soft red winter wheat crops are nearly offset by reductions in forecast hard red spring wheat, white wheat, and durum. Feed and residual use is projected 35 million bushels lower as increased supplies of feed grains and sharply lower projected feed grain prices reduce prospects for domestic wheat feeding. The all wheat season-average farm price is projected at $6.50 to $8.00 per bushel, down 25 cents on each end of the range from last month. Several small changes were made to U.S. supply and use estimates for the 2006/07 and 2007/08 marketing years based on recent revisions to import, export, and mill grind data by the U.S. Bureau of Census. Exports by class in 2007/08 were revised based on export inspections and export sales shipment data. Global 2008/09 wheat production is projected at a record 670.8 million tons, up 6.5 million from last month and 60.2 million higher than last year. Increases for EU-27, India, Russia, Ukraine, and the United States more than offset reductions for Afghanistan and Argentina. EU-27 production is increased 1.5 million tons. India production is raised 1.6 million tons in line with government estimates. Production for Russia is raised 3.0 million tons reflecting increased harvested area and higher expected winter wheat yields as indicated by harvest results to date. Ukraine production is raised 1.0 million tons despite a small reduction in harvested area as a result of recent flooding in western growing areas. Harvest results indicate higher yields for winter wheat in Ukraine. Production is lowered 1.0 million tons each for Afghanistan and Argentina. Severe drought and lack of snow melt for irrigation have sharply reduced harvested area and yields in Afghanistan. In Argentina, continued dryness in central growing areas, as well as uncertainty about government export policies have reduced planted area. Other major production changes include a 0.5-million-ton reduction for Kazakhstan on drier-than- normal conditions for spring wheat; a 0.5-million-ton increase for Brazil mostly on higher indicated area; and a 0.5-million-ton increase for Canada on higher expected yields. World imports and exports for 2008/09 are both raised this month. Increased imports for Afghanistan and South Korea more than offset reductions for Brazil and Russia. Higher exports for Russia, Ukraine, Canada, and Brazil more than offset reductions for Argentina, EU-27, Kazakhstan, and Turkey. Global wheat feeding is raised 2.0 million tons with increases for EU-27, South Korea, and Russia more than offsetting the U.S. reduction. World supplies of feed quality wheat are up sharply with higher production in EU-27, Russia, and Ukraine and early indications of quality problems, particularly in Ukraine, where heavy rains at harvest reduced crop quality. Global ending stocks are projected at 136.2 million tons, up 3.1 million from last month and the highest since 2005/06. COARSE GRAINS: This month's outlook for 2008/09 U.S. feed grains is for higher production and increased domestic use as higher forecast corn production boosts supplies. USDA's first survey-based forecast for 2008 corn production is 12.3 billion bushels, up 573 million from last month's projection with higher forecast yields and increased harvested area. Nearly ideal growing season weather across much of the Corn Belt since late June has supported crop development and increased yield prospects. Feed and residual use is raised 100 million bushels with the larger crop and lower expected prices. Ethanol use is raised 150 million bushels as increased supplies and lower prices are expected to improve plant operating margins and capacity utilization rates. Exports are unchanged as increased competition from wheat feeding limits prospects for U.S. shipments. Ending stocks for U.S. corn are projected at 1.1 billion bushels, up 301 million bushels from last month. The season-average farm price is forecast at $4.90 to $5.90 per bushel, down 60 cents on both ends of the range. The first survey-based forecast for 2008/09 sorghum production is 410 million bushels, down 10 million from last month's projection. Projected exports for 2007/08 are lowered 30 million bushels with increased sorghum production in Mexico and reduced imports in the EU-27 from larger supplies of feed grains and feed quality wheat. The season-average farm price is projected at $4.40 to $5.40 per bushel, down 70 cents per bushel on both ends of the range. This month's report includes small U.S. supply and use changes for corn and barley for 2004/05 through 2007/08 and for sorghum and oats for 2006/07 through 2007/08. Changes reflect revisions to imports and exports based on data from the U.S. Bureau of Census. Revisions to corn ethanol use are based on updates from the Energy Information Administration. Revisions to barley food and industrial use are based on data from the Alcohol and Tobacco Tax and Trade Bureau of the U.S. Treasury. Global coarse grain production for 2008/09 is projected 20.1 million tons higher with world corn production raised 14.3 million tons and world barley production raised 4.2 million tons. Higher forecast U.S. corn production accounts for most of the increase in global corn output as other changes are mostly offsetting. EU-27 corn production is raised 1.1 million tons on favorable weather across Europe's corn growing belt. Corn production for Turkey is raised 0.5 million tons on indications of increased irrigation. Argentina corn production is lowered 1.5 million tons reflecting lower expected area with increases for oilseeds. India corn production is lowered 0.5 million tons on reduced area as the late start to the monsoon reduced plantings in south central growing areas. Barley production is raised 1.9 million tons for EU-27 and 1.5 million tons for Ukraine. Barley output for Canada and Russia is increased 0.5 million tons each. Increased millet production in India and rye production in Russia account for most of the rest of the increase in coarse grain output. Global 2008/09 coarse grain imports and exports are both lowered this month. EU-27 imports are lowered 2.5 million tons for corn and 0.5 million tons for sorghum with increased domestic feed grain supplies and greater availability of feed quality wheat expected to replace imported feed grains in animal rations. Corn imports are also lowered 0.5 million tons for South Korea where wheat feeding is also expected higher. Corn exports are lowered 2.0 million tons for Brazil and 1.2 million tons for Argentina. Barley exports are lowered 1.0 million tons for EU-27 offset by increases of 0.5 million tons each for Russia and Ukraine. World barley exports, however, are higher reflecting a 450,000-ton increase for Canada. World coarse grain feeding is up slightly this month with increased barley and oats feeding mostly offset by reduced sorghum feeding in EU-27. Higher U.S. corn feeding is partly offset by lower corn feeding in EU-27 and South Korea. Global coarse grain ending stocks are projected up 10.6 million tons with more than half of the increase on higher projected U.S. corn stocks. Global corn ending stocks are raised 7.1 million tons as higher projected corn stocks in Brazil, the United States, and South Africa are partly offset by reductions in EU-27, India, Argentina, and Ukraine. RICE: USDA's first survey-based forecast of the 2008/09 U.S. rice crop is 204.9 million cwt, nearly unchanged from last month's projection, but up 7.4 million cwt from 2007/08. Average yield is forecast at 7,116 pounds per acre, down 5 pounds per acre from last month, and a decrease of 69 pounds per acre from last year's record. Area harvested is unchanged from a month ago. Long- grain production is forecast at 154.1 million cwt, nearly unchanged from last month, while combined medium- and short-grain production is forecast at 50.8 million cwt, nearly the same as last month. Imports for 2008/09 are projected at a record 24.0 million cwt, up 0.5 million from last month and the revised 2007/08. Long-grain imports are raised 1.0 million cwt, and combined medium- and short-grain imports are lowered 0.5 million cwt. Exports for 2008/09 are projected at 110.0 million cwt, up 3 million cwt from last month and an increase of 4 million cwt from revised 2007/08. Exports of long-grain are up 3.5 million cwt from last month while exports of combined medium- and short-grain rice are down 0.5 million cwt. Combined milled- and brown-rice exports are raised 4.0 million cwt (rough equivalent basis) while rough rice exports are lowered 1.0 million. The increase in supplies, along with the carryover of record-large outstanding sales from 2007/08, will lead to larger exports in 2008/09. Projected domestic and residual use of rice for 2008/09 is unchanged from a month ago. Ending stocks are projected at 22.5 million cwt, 4 percent above last month, but 24 percent below revised 2007/08. The season-average farm price range for all rice in 2008/09 is lowered $1.30 per cwt on each end to $15.00 to $16.00 per cwt, compared to a revised $12.60 per cwt for 2007/08. The lower U.S. price forecast is due to some expected softening in global prices. The long-grain season-average farm price range for 2008/09 is projected at $14.30 to $15.30 per cwt compared to a revised $12.40 per cwt in 2007/08. The combined medium- and short-grain farm price range is projected at $18.00 to $19.00 per cwt, compared to a revised $13.50 per cwt in 2007/08. Projected global 2008/09 production, consumption, and ending stocks are lowered from a month ago, while trade is nearly unchanged. World 2008/09 rice production is projected at a record 430.8 million tons, nearly 1.0 million tons below last month, but 1.8 million above the revised 2007/08 estimate. This month's lower crop forecast is primarily due to reductions for Iran, Afghanistan, and North Korea. Global 2008/09 ending stocks are projected at 80.7 million tons, down 1.3 million from last month, but up 3.1 million from revised 2007/08. OILSEEDS: U.S. oilseed production for 2007/08 is projected at 89.1 million tons, down 1.1 million from last month as lower soybean and cottonseed production more than offset higher peanut production. Soybean yields are forecast at 40.5 bushels per acre, down 1.1 bushels from last month's trend yield projection. The first survey-based forecast of U.S. soybean production is 2.973 billion bushels, down 27 million from the July projection, but 388 million bushels above last year's crop. Soybean stocks are down 5 million from last month at 135 million bushels as reduced supplies are only partly offset by a lower crush. Soybean crush is reduced 15 million bushels due to lower domestic use and exports of soybean meal. Soybean and product prices are all reduced this month. The U.S. season-average soybean price for 2008/09 is projected at $11.50 to $13.00, down 50 cents on both ends of the range. Soybean meal prices are projected at $330 to $390 per short ton, down $25 on both ends of the range. Soybean oil prices are projected at 54 to 58 cents per pound, down 5 cents on both ends of the range. Lower soybean, soybean meal, and soybean oil price projections in part reflect the sharp decline in oilseed and other commodity prices over the past month. Global oilseed production for 2008/09 is projected at 416.1 million tons, down 1.2 million tons from last month, but still record high. Soybean production for Brazil is reduced 1.5 million tons to 62.5 million tons due to lower area projections reflecting sharply lower soybean futures prices. Argentina soybean production is raised 1.5 million tons due to a record 49.5 million tons on higher area. Projected area is raised partly due to the impact of dry weather on winter wheat planting in the main soybean producing areas. India soybean production is projected at 9.1 million tons, up 0.4 million based on higher area. Planted area reported through late July indicates higher-than-expected soybean plantings this year. Ukraine rapeseed production is raised 0.4 million tons to 2.8 million based on higher yields reported during harvest. Global sunflowerseed production is projected higher due to increased harvested area for Argentina, Russia, and Ukraine. Other changes include lower peanut and cottonseed production for India, lower cottonseed production for Pakistan, and lower EU-27 rapeseed production. China soybean imports are raised 0.5 million tons to 36 million tons compared with a revised estimate of 35.4 million tons for 2007/08. U.S. changes for 2007/08 include lower soybean crush and higher ending stocks. Crush is reduced 10 million bushels reflecting a slowdown in domestic soybean meal disappearance. With lower use, ending stocks increase 10 million bushels to 135 million bushels. SUGAR: Projected 2008/09 U.S. sugar supply is increased 160,000 short tons, raw value, from last month. Carry-in stocks are up 151,000 tons. Production for 2008/09 is lowered 105,000 tons based on processor projections compiled by the Farm Service Agency. Imports are raised 114,000 tons, mostly as a result of the increased tariff rate quota (TRQ) announced on August 6. Total use is unchanged. Ending stocks are projected at 767,000 tons, down from 1.64 million in 2007/08. For 2007/08, increased sugar production, higher imports, lower exports, and higher domestic use combine to increase ending stocks 151,000 tons. Processor projections for production are up 30,000 tons. Imports under the TRQ are increased 191,000 tons, mostly as a result of the August 6 announcement and increased imports under the re-export program. Exports are decreased 30,000 tons based on a slower-than-expected pace to date. Deliveries are increased 100,000 tons to reflect the recent strong pace of trade. LIVESTOCK, POULTRY, AND DAIRY: The total U.S. meat production forecast for 2008 is raised as beef and pork production are forecast higher. A slower-than-expected pace of feedlot marketings earlier in the year is expected to result in more fed beef production in the second half. In addition, higher cow slaughter will support higher beef production. Pork production forecasts are raised from last month. Continued strong demand for pork is boosting hog prices and supporting increased slaughter at slightly heavier weights than expected last month. Broiler and turkey production forecasts are adjusted to reflect second-quarter slaughter data. Red meat and broiler production forecasts for 2009 are raised from last month. The beef forecast is raised primarily due to expectations of continued strong cow slaughter. The pork production forecast is raised as pork demand is expected to be strong in 2009, supporting increased slaughter. In addition, relatively weaker grain prices are likely to moderate previously expected hog production declines in 2009. Hog carcass weights are forecast higher than last month. Broiler production is raised slightly from last month as lower feed prices are partly offset by weaker broiler prices. Meat export forecasts for 2008 and 2009 are raised from last month, reflecting higher expected sales of both red meat and broiler meat. The beef export forecast is fractionally higher, but pork exports are raised sharply on expectations of continued strong sales to Asia. Broiler export forecasts are raised due to the strong foreign demand. Cattle and hog price forecasts for both 2008 and 2009 are raised, but the broiler price forecast is reduced slightly. Cattle prices are increased as cattle supplies remain relatively tight. Strong pork demand, is expected to support hog prices through the forecast period. Broiler price forecasts are reduced slightly from last month as weaker demand for domestically consumed products limit price gains. Turkey price forecasts are unchanged from last month. Egg price forecasts are lowered for 2008 as prices recede from their recent records but forecasts for 2009 are unchanged. Milk production forecasts for 2008 and 2009 are unchanged, as lower feed prices are partly offset by lower milk prices. Dairy trade forecasts are adjusted with lower forecast imports and higher forecast commercial exports. Imports to date have been weaker than expected as world supplies are tight and the U.S. dollar is relatively weak. Conversely, these conditions are expected to support higher forecast commercial exports. In the face of tighter supplies, forecast domestic disappearance is lowered. However, ending stocks are unchanged from last month. Although cheese production growth has been relatively slow, recent prices have been lower than expected and the price forecast for 2008 is reduced from last month. However, reduced supplies are expected to support prices in 2009 and the forecast for that year is unchanged. Strong demand is boosting butter prices and nonfat dry milk (NDM) prices. As demand is expected to remain firm into 2009, price forecasts are raised for that year. The whey price forecast is reduced for both 2008 and 2009 as stocks are high and exports are expected to lag. For 2008 and 2009, the Class III and Class IV prices are adjusted to reflect changes in the make allowances, which are due to take effect in September 2008. For 2008, Class III prices are lowered but Class IV prices are raised reflecting higher butter and NDM prices. For 2009, both Class prices are lowered. The all milk price is forecast lower this month, averaging $18.85 to $19.05 in 2008 and $18.25 to $19.25 in 2009. COTTON: The U.S. cotton 2008/09 forecasts include lower production but higher exports compared to last month, resulting in lower ending stocks. Production is reduced marginally to 13.8 million bales, based on USDA's first crop production survey. Domestic mill use is unchanged. Exports are raised 3 percent to 15.0 million bales, as lower foreign supplies boost demand for U.S. cotton. The indicated stocks-to-use ratio is 24 percent, the lowest in 5 years. The forecast price received by farmers of 60 to 72 cents per pound is narrowed one cent on each end of the range. The world cotton 2008/09 forecasts show lower supplies, use, and ending stocks relative to last month. Beginning stocks are reduced about 900,000 bales. Production is lowered 2.4 percent to 112.2 million bales, due to reductions for India, Australia, the African Franc Zone, and Turkey, in addition to the United States. India's production is reduced 1.5 million bales based mainly on indications of lower area and production in the northern states. The decline in world production is partially offset by a decrease in world consumption, which is based on both the slowing world economy and more limited world cotton supplies. Consumption estimates are lowered for China, India, Turkey, Pakistan, and others, but raised for Bangladesh. Forecast world stocks are reduced to 51.0 million bales, a 4-percent decline from last month and 9.4 million below the beginning level. No changes are made to the U.S. balance sheet for 2007/08. While final U.S. Export Sales data indicate lower exports, further adjustments are pending release of final estimates of exports and stocks by the U.S. Census Bureau. The reduction in world 2007/08 ending stocks is mainly attributable to recent trade data which indicates lower imports by China but higher exports by India. Reductions in 2007/08 world production (India) and consumption (China, Pakistan) are about offsetting. 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 Larry Haller, 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 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. . . . . . . . . . . . . . . . . 16 U.S. Cotton Supply & Use . . . . . . . . . . . . . . . . . . 17 World Wheat Supply & Use . . . . . . . . . . . . . . . . . . 18 World Coarse Grains Supply & Use . . . . . . . . . . . . . . 20 World Corn Supply & Use. . . . . . . . . . . . . . . . . . . 22 World Rice Supply & Use. . . . . . . . . . . . . . . . . . . 24 World Cotton Supply & Use . . . . . . . . . . . . . . . . . 26 World Soybean Supply & Use . . . . . . . . . . . . . . . . . 28 World Soybean Meal Supply & Use. . . . . . . . . . . . . . . 29 World Soybean Oil Supply & Use . . . . . . . . . . . . . . . 30 U.S. Quarterly Animal Product Production . . . . . . . . . . 31 U.S. Quarterly Prices for Animal Products. . . . . . . . . . 31 U.S. Meats Supply and Use. . . . . . . . . . . . . . . . . . 32 U.S. Egg Supply & Use. . . . . . . . . . . . . . . . . . . . 33 U.S. Milk Supply and Use . . . . . . . . . . . . . . . . . . 33 U.S. Dairy Prices. . . . . . . . . . . . . . . . . . . . . . 34 Reliability Tables . . . . . . . . . . . . . . . . . . . . . 35 Related USDA Reports . . . . . . . . . . . . . . . . . . . . 38 Metric Conversion Factors. . . . . . . . . . . . . . . . . . 38 Electronic Access and Subscriptions. . . . . . . . . . . . . 40 For questions about the WASDE report, call (202) 720-5447. WASDE-461-8 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 : 2,005.28 2,393.51 259.96 2,053.48 340.03 2007/08 (Est.) : 2,115.50 2,455.52 268.90 2,114.93 340.59 2008/09 (Proj.) : July : 2,164.97 2,509.78 267.34 2,161.58 348.20 August : 2,190.61 2,531.21 265.03 2,170.58 360.63 Wheat : 2006/07 : 596.27 743.64 111.19 616.90 126.74 2007/08 (Est.) : 610.54 737.28 113.96 622.07 115.21 2008/09 (Proj.) : July : 664.24 780.29 120.46 647.23 133.06 August : 670.75 785.96 121.28 649.80 136.16 Coarse grains 4/ : 2006/07 : 988.84 1,154.03 117.54 1,016.00 138.03 2007/08 (Est.) : 1,075.97 1,214.00 124.66 1,066.21 147.79 2008/09 (Proj.) : July : 1,069.03 1,219.27 119.24 1,086.10 133.17 August : 1,089.11 1,236.90 116.00 1,093.11 143.79 Rice, milled : 2006/07 : 420.16 495.84 31.24 420.58 75.26 2007/08 (Est.) : 428.99 504.24 30.28 426.65 77.60 2008/09 (Proj.) : July : 431.70 510.21 27.65 428.25 81.97 August : 430.75 508.35 27.75 427.67 80.68 : : United States Total grains 3/ : 2006/07 : 335.67 413.87 85.99 278.02 49.85 2007/08 (Est.) : 413.62 470.74 107.33 310.34 53.07 2008/09 (Proj.) : July : 388.04 448.09 86.10 321.43 40.56 August : 402.35 461.82 85.43 327.08 49.31 Wheat : 2006/07 : 49.32 68.18 24.73 31.04 12.41 2007/08 (Est.) : 56.25 71.73 34.40 29.01 8.32 2008/09 (Proj.) : July : 66.97 78.01 27.22 36.17 14.62 August : 67.02 78.06 27.22 35.22 15.62 Coarse grains 4/ : 2006/07 : 280.11 337.43 58.34 242.91 36.17 2007/08 (Est.) : 351.06 390.69 69.53 277.34 43.81 2008/09 (Proj.) : July : 314.52 361.94 55.46 281.23 25.25 August : 328.78 375.50 54.70 287.84 32.96 Rice, milled : 2006/07 : 6.24 8.26 2.92 4.07 1.27 2007/08 (Est.) : 6.31 8.33 3.39 3.99 0.95 2008/09 (Proj.) : July : 6.56 8.14 3.42 4.02 0.69 August : 6.55 8.26 3.52 4.02 0.72 =============================================================================== 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-461-9 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 : 1,669.61 1,979.64 173.97 1,775.46 290.17 2007/08 (Est.) : 1,701.87 1,984.79 161.57 1,804.59 287.52 2008/09 (Proj.) : July : 1,776.92 2,061.69 181.25 1,840.15 307.64 August : 1,788.27 2,069.39 179.60 1,843.50 311.32 Wheat : 2006/07 : 546.96 675.46 86.46 585.86 114.33 2007/08 (Est.) : 554.29 665.55 79.56 593.06 106.89 2008/09 (Proj.) : July : 597.27 702.28 93.24 611.06 118.44 August : 603.73 707.90 94.07 614.59 120.53 Coarse grains 5/ : 2006/07 : 708.73 816.60 59.19 773.09 101.86 2007/08 (Est.) : 724.91 823.31 55.13 788.87 103.98 2008/09 (Proj.) : July : 754.51 857.33 63.78 804.87 107.92 August : 760.33 861.40 61.31 805.27 110.82 Rice, milled : 2006/07 : 413.92 487.58 28.32 416.51 73.99 2007/08 (Est.) : 422.67 495.92 26.89 422.66 76.65 2008/09 (Proj.) : July : 425.14 502.08 24.23 424.22 81.28 August : 424.20 500.09 24.23 423.64 79.96 =============================================================================== 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 : 121.97 184.43 37.16 123.35 63.03 2007/08 (Est.) : 119.31 182.33 38.95 123.63 60.36 2008/09 (Proj.) : July : 114.94 176.20 39.89 125.91 53.24 August : 112.16 172.52 39.27 124.54 50.98 : 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.) : July : 14.00 24.22 14.50 4.40 5.30 August : 13.77 23.98 15.00 4.40 4.60 : Foreign 3/ 2006/07 : 100.39 156.75 24.15 118.41 53.55 2007/08 (Est.) : 100.10 153.63 25.05 119.03 50.16 2008/09 (Proj.) : July : 100.94 151.99 25.39 121.51 47.94 August : 98.39 148.54 24.27 120.14 46.38 =============================================================================== 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-461-10 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 : 403.33 468.07 83.45 329.23 72.48 2007/08 (Est.) : 387.23 459.71 89.83 339.71 56.72 2008/09 (Proj.) : July : 417.31 473.96 90.56 350.67 57.65 August : 416.06 472.78 90.32 351.39 57.42 Oilmeals : 2006/07 : 224.85 232.52 68.49 223.20 7.45 2007/08 (Est.) : 232.25 239.70 72.11 230.86 7.60 2008/09 (Proj.) : July : 238.71 245.80 73.70 236.65 6.86 August : 239.05 246.64 73.82 236.50 7.60 Vegetable Oils : 2006/07 : 121.55 132.05 48.51 120.50 9.75 2007/08 (Est.) : 128.15 137.90 51.91 125.99 9.52 2008/09 (Proj.) : July : 133.48 142.58 54.00 131.92 9.04 August : 133.89 143.39 54.46 131.66 9.61 : : United States Oilseeds : 2006/07 : 96.61 111.85 31.65 53.48 17.02 2007/08 (Est.) : 80.00 98.30 32.69 54.24 4.82 2008/09 (Proj.) : July : 90.13 95.72 28.40 54.15 4.86 August : 89.07 94.95 28.42 53.73 4.72 Oilmeals : 2006/07 : 41.56 43.62 8.26 34.97 0.39 2007/08 (Est.) : 41.93 44.36 8.93 35.10 0.33 2008/09 (Proj.) : July : 41.85 44.25 8.38 35.54 0.33 August : 41.53 43.93 8.29 35.31 0.33 Vegetable Oils : 2006/07 : 10.44 14.79 1.31 11.74 1.74 2007/08 (Est.) : 10.75 15.51 1.74 12.10 1.67 2008/09 (Proj.) : July : 10.59 15.52 1.48 12.47 1.57 August : 10.53 15.43 1.48 12.44 1.51 : : Foreign 3/ Oilseeds : 2006/07 : 306.72 356.22 51.80 275.75 55.46 2007/08 (Est.) : 307.23 361.41 57.14 285.47 51.90 2008/09 (Proj.) : July : 327.18 378.25 62.16 296.53 52.78 August : 326.98 377.82 61.89 297.67 52.70 Oilmeals : 2006/07 : 183.28 188.90 60.23 188.23 7.06 2007/08 (Est.) : 190.32 195.34 63.18 195.77 7.26 2008/09 (Proj.) : July : 196.86 201.55 65.33 201.11 6.52 August : 197.52 202.72 65.53 201.19 7.26 Vegetable Oils : 2006/07 : 111.10 117.27 47.20 108.76 8.01 2007/08 (Est.) : 117.40 122.39 50.17 113.90 7.85 2008/09 (Proj.) : July : 122.89 127.07 52.52 119.45 7.48 August : 123.36 127.96 52.98 119.23 8.10 =============================================================================== 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-461-11 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : July August =============================================================================== Area : Million acres Planted : 57.3 60.4 63.5 63.5 Harvested : 46.8 51.0 56.6 56.6 Yield per harvested : Bushels acre : 38.7 40.5 43.5 43.5 : Million bushels Beginning stocks : 571 456 306 306 Production : 1,812 2,067 2,461 2,462 Imports : 122 113 100 100 Supply, total : 2,505 2,635 2,866 2,868 Food : 938 948 960 960 Seed : 81 88 84 84 Feed and residual : 121 30 285 250 Domestic, total : 1,140 1,066 1,329 1,294 Exports : 908 1,264 1,000 1,000 Use, total : 2,049 2,330 2,329 2,294 Ending stocks : 456 306 537 574 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 6.50- 8.00 =============================================================================== 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/ : 1,127 614 481 280 134 2,635 Domestic use : 450 245 215 72 83 1,066 Exports : 538 305 209 170 42 1,264 Use, total : 988 551 424 242 125 2,330 Ending stocks, total : 139 63 57 38 8 306 : 2008/09 (projected) : Beginning stocks : 139 63 57 38 8 306 Production : 1,055 466 609 246 87 2,462 Supply, total 3/ : 1,196 569 671 293 140 2,868 Domestic use : 508 234 352 106 94 1,294 Exports : 445 245 145 135 30 1,000 Use, total : 953 479 497 241 124 2,294 Ending stocks, total : August : 243 90 174 52 16 574 July : 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 receive by farmers. 3/ Includes imports. WASDE-461-12 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : July August =============================================================================== FEED GRAINS : Area : Million acres Planted : 92.5 109.1 102.2 * 101.9 Harvested : 80.1 98.4 90.4 * 90.8 Yield per harvested : Metric tons acre : 3.50 3.57 3.48 3.62 : Million metric tons Beginning stocks : 54.7 36.2 44.6 43.8 Production : 279.9 350.9 314.3 328.6 Imports : 2.4 3.3 2.6 2.7 Supply, total : 337.1 390.3 361.6 375.1 Feed and residual : 148.2 161.0 140.6 142.8 Food, seed & industrial : 94.4 116.0 140.3 144.7 Domestic, total : 242.6 277.0 280.9 287.5 Exports : 58.3 69.5 55.5 54.7 Use, total : 300.9 346.5 336.3 342.2 Ending stocks, total : 36.2 43.8 25.2 33.0 CCC inventory : 0.0 0.0 Free stocks : 36.2 43.8 Outstanding loans : 3.0 3.1 : CORN : Area : Million acres Planted : 78.3 93.6 87.3 * 87.0 Harvested : 70.6 86.5 78.9 * 79.3 Yield per harvested : Bushels acre : 149.1 151.1 148.4 * 155.0 : Million bushels Beginning stocks : 1,967 1,304 1,598 1,576 Production : 10,535 13,074 11,715 12,288 Imports : 12 18 15 15 Supply, total : 12,514 14,396 13,328 13,878 Feed and residual : 5,595 6,050 5,200 5,300 Food, seed & industrial : 3,490 4,345 5,295 5,445 Ethanol for fuel 2/ : 2,119 3,000 3,950 4,100 Domestic, total : 9,085 10,395 10,495 10,745 Exports : 2,125 2,425 2,000 2,000 Use, total : 11,210 12,820 12,495 12,745 Ending stocks, total : 1,304 1,576 833 1,133 CCC inventory : 0 0 Free stocks : 1,304 1,576 Outstanding loans : 116 120 Avg. farm price ($/bu) 3/ : 3.04 4.25 5.50- 6.50 4.90- 5.90 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further breakout of FSI corn uses including ethanol, see the ERS Feed Outlook table 5, or Feed Grains Database at "www.ers.usda.gov/db/feedgrains." 3/ Marketing-year weighted average price received by farmers. * For July: Area planted and harvested of corn as reported in June 30, 2008, "Acreage." Projected corn yield based on the simple linear trend of the national average yield for 1990-2007 adjusted for 2008 planting progress and emergence, and a lower share of harvested area in the higher-yielding Corn Belt as reported in "Acreage." WASDE-461-13 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : July August =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 6.5 7.7 7.3 * 7.3 Area harv. (mil. acres) : 4.9 6.8 6.4 * 6.4 Yield (bushels/acre) : 56.2 74.2 65.6 * 63.7 Beginning stocks : 66 32 62 52 Production : 278 505 420 410 Imports : 0 0 0 0 Supply, total : 343 537 482 462 Feed and residual : 114 175 200 200 Food, seed & industrial : 45 35 60 70 Total domestic : 159 210 260 270 Exports : 153 275 160 130 Use, total : 311 485 420 400 Ending stocks, total : 32 52 62 62 Avg. farm price ($/bu) 2/ : 3.29 4.15 5.10- 6.10 4.40- 5.40 : 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 59.8 * 59.9 Beginning stocks : 108 69 68 68 Production : 180 212 218 218 Imports : 12 32 20 25 Supply, total : 300 312 306 311 Feed and residual : 49 34 65 50 Food, seed & industrial : 162 168 145 160 Total domestic : 211 203 210 210 Exports : 20 41 25 25 Use, total : 231 244 235 235 Ending stocks, total : 69 68 71 76 Avg. farm price ($/bu) 2/ : 2.85 4.02 5.80- 6.80 5.40- 6.40 : OATS : Area planted (mil. acres) : 4.2 3.8 3.5 * 3.5 Area harv. (mil. acres) : 1.6 1.5 1.4 * 1.4 Yield (bushels/acre) : 59.8 60.9 64.4 * 62.3 Beginning stocks : 53 51 67 67 Production : 94 92 93 90 Imports : 106 123 105 105 Supply, total : 252 265 265 262 Feed and residual : 125 121 120 120 Food, seed & industrial : 74 75 75 75 Total domestic : 199 196 195 195 Exports : 3 3 3 3 Use, total : 202 199 198 198 Ending stocks, total : 51 67 67 64 Avg. farm price ($/bu) 2/ : 1.87 2.63 3.80- 4.80 3.00- 4.00 =============================================================================== 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 July-- Sorghum: Area planted and area harvested as reported in the June 30, 2008, Acreage report. 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-461-14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : July August =============================================================================== TOTAL : Area : Million acres Planted : 2.84 2.76 2.90 * 2.90 Harvested : 2.82 2.75 2.88 * 2.88 Yield per harvested : Pounds acre : 6,868 7,185 7,121 * 7,116 : : Million hundredweight Beginning stocks 2/ : 43.0 39.3 26.1 29.6 Production : 193.7 197.5 205.0 204.9 Imports : 20.6 23.5 23.5 24.0 Supply, total : 257.3 260.3 254.6 258.5 Domestic & residual 3/ : 127.2 124.7 126.0 126.0 Exports, total 4/ : 90.8 106.0 107.0 110.0 Rough : 32.1 37.0 37.0 36.0 Milled (rough equiv.) : 58.7 69.0 70.0 74.0 Use, total : 218.0 230.7 233.0 236.0 Ending stocks : 39.3 29.6 21.6 22.5 Avg. milling yield (%) 5/ : 71.0 70.5 70.5 70.5 Avg. farm price ($/cwt) 6/ : 9.96 12.60 16.30-17.30 15.00-16.00 : LONG GRAIN : Harvested acres (mil.) : 2.19 2.05 Yield (pounds/acre) : 6,689 6,929 Beginning stocks : 32.7 28.5 15.2 18.7 Production : 146.2 142.2 154.0 154.1 Supply, total 7/ : 193.1 187.7 185.7 190.3 Domestic & Residual 3/ : 92.6 89.0 91.0 91.0 Exports 8/ : 72.0 80.0 81.0 84.5 Use, total : 164.6 169.0 172.0 175.5 Ending stocks : 28.5 18.7 13.7 14.8 Avg. farm price ($/cwt) 6/ : 9.47 12.40 15.60-16.60 14.30-15.30 : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.64 0.70 Yield (pounds/acre) : 7,484 7,942 Beginning stocks : 9.4 10.0 10.1 10.1 Production : 47.5 55.3 51.0 50.8 Supply, total 7/ : 63.4 71.8 68.1 67.4 Domestic & Residual 3/ : 34.6 35.7 35.0 35.0 Exports 8/ : 18.8 26.0 26.0 25.5 Use, total : 53.4 61.7 61.0 60.5 Ending stocks : 10.0 10.1 7.1 6.9 Avg. farm price ($/cwt) 6/ : 12.10 13.50 19.50-20.50 18.00-19.00 =============================================================================== 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 July: Area planted and area harvested as reported in June 30, 2008, "Acreage." Projected yield is derived from the trend yields by rice class for the period, 1990-2007. WASDE-461-15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :=============================== : : Est. : July August =============================================================================== SOYBEANS: : Million acres Area : Planted : 75.5 63.6 74.5 * 74.8 Harvested : 74.6 62.8 72.1 * 73.3 : : Bushels Yield per harvested : acre : 42.7 41.2 41.6 * 40.5 : : Million bushels : Beginning stocks : 449 574 125 135 Production : 3,188 2,585 3,000 2,973 Imports : 9 10 10 8 Supply, total : 3,647 3,169 3,135 3,116 Crushings : 1,808 1,830 1,830 1,815 Exports : 1,116 1,145 1,000 1,000 Seed : 78 94 90 90 Residual : 70 -35 3/ 76 75 Use, total : 3,073 3,034 2,996 2,980 Ending stocks : 574 135 140 135 Avg. farm price ($/bu) 2/ : 6.43 10.15 12.00-13.50 11.50 -13.00 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 3,010 3,085 2,930 2,875 Production : 20,489 21,175 20,860 20,690 Imports : 37 65 50 50 Supply, total : 23,536 24,325 23,840 23,615 Domestic : 18,575 18,300 18,500 18,400 For methyl ester : 2,762 2,900 3,000 3,100 Exports : 1,877 3,150 2,650 2,650 Use, total : 20,451 21,450 21,150 21,050 Ending stocks : 3,085 2,875 2,690 2,565 Average price (c/lb) 2/ : 31.02 53.00 59.00- 54.00- : 63.00 58.00 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 314 346 300 300 Production : 43,054 43,489 43,435 43,085 Imports : 156 165 165 165 Supply, total : 43,524 44,000 43,900 43,550 Domestic : 34,374 34,200 34,700 34,450 Exports : 8,804 9,500 8,900 8,800 Use, total : 43,178 43,700 43,600 43,250 Ending stocks : 346 300 300 300 Average price ($/s.t.) 2/ : 205.44 335.00 355.00- 330.00- : 415.00 390.00 =============================================================================== 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 June 1, coupled with USDA's June 1 stocks estimate, indicate a below-average residual. *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-461-16 U.S. Sugar Supply and Use 1/ ====================================================================== : : : 2008/09 Projection Item : 2006/07 : 2007/08 :====================== : : Est. : July August ====================================================================== : 1,000 short tons, raw value : Beginning stocks : 1,698 1,799 1,492 1,643 Production 2/ : 8,446 8,267 7,826 7,721 Beet sugar : 5,008 4,798 4,224 4,141 Cane sugar : 3,438 3,469 3,602 3,580 Florida : 1,719 1,643 1,759 1,759 Hawaii : 222 178 230 222 Louisiana : 1,320 1,490 1,415 1,415 Texas : 177 158 198 184 Imports : 2,080 2,512 2,249 2,363 TRQ 3/ : 1,624 1,402 1,274 1,378 Other program 4/ : 390 500 425 425 Other 5/ : 66 610 550 560 Mexico : 60 600 550 550 Total supply : 12,224 12,578 11,567 11,727 : Exports : 422 220 250 250 Deliveries : 10,135 10,715 10,710 10,710 Food : 9,913 10,500 10,500 10,500 Other 6/ : 222 215 210 210 Miscellaneous 7/ : -132 0 0 0 Total use : 10,425 10,935 10,960 10,960 Ending stocks : 1,799 1,643 607 767 : Stocks to use ratio : 17.3 15.0 5.5 7.0 ====================================================================== 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 tariff rate quota 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 (10) and other (0). For 2008/09, other high- tier (10) 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 1/ ========================================================================== : Supply : Use : Fiscal :====================================================: Ending year : Beginning : Production: Imports : Domestic: Exports: stocks : stocks : : : : : ========================================================================== 1,000 metric tons, raw value Sugar 2007/08 est. Jul 1,718 5,856 225 5,720 555 1,524 Aug 1,718 5,856 200 5,720 555 1,499 2008/09 proj. Jul 1,524 5,850 225 5,805 500 1,294 Aug 1,499 5,850 225 5,805 500 1,269 ========================================================================== 1/ U.S. HFCS exports to Mexico (metric tons, dry-weight basis): Oct-Sep 2006/07 = 256,043; Oct-Apr 2006/07 = 159,888; Oct-Apr 2007/08 = 289,843. Footnote source: U.S. Census Bureau. WASDE-461-17 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :=============================== : : Est. : July August =============================================================================== : Million acres Area : Planted : 15.27 10.83 9.25 * 9.25 Harvested : 12.73 10.49 8.10 * 7.85 : : Pounds Yield per harvested : acre : 814 879 830 * 842 : : Million 480 pound bales : Beginning stocks 2/ : 6.07 9.48 10.20 10.20 Production : 21.59 19.21 14.00 13.77 Imports : 0.02 0.02 0.02 0.02 Supply, total : 27.68 28.70 24.22 23.98 Domestic use : 4.94 4.60 4.40 4.40 Exports : 13.01 13.90 14.50 15.00 Use, total : 17.95 18.50 18.90 19.40 Unaccounted 3/ : 0.25 0.00 0.02 -0.02 Ending stocks : 9.48 10.20 5.30 4.60 : Avg. farm price 4/ : 46.5 57.0 59.0-73.0 60.0-72.0 =============================================================================== Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Based on Bureau of Census data. 3/ Reflects the difference between the previous season's supply less total use and ending stocks based on Bureau of Census data. 4/ Cents per pound for upland cotton. *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. July projected yield per harvested acre based on 2005-2007 average yields by State. WASDE-461-18 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/ : 147.36 596.27 112.99 105.76 616.90 111.19 126.74 United States : 15.55 49.32 3.32 3.30 31.04 24.73 12.41 Total foreign : 131.82 546.96 109.68 102.47 585.86 86.46 114.33 Major exporters 4/ : 43.15 176.13 5.56 69.31 146.54 52.74 25.55 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/ : 23.39 124.84 5.14 60.20 125.50 13.87 13.99 Major importers 6/ : 59.81 174.74 55.01 7.70 220.78 5.71 63.05 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 18.58 16.30 0.25 33.90 0.26 11.23 Pakistan : 3.16 21.28 0.06 0.40 21.90 0.70 1.90 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/ : 126.74 610.54 110.90 97.11 622.07 113.96 115.21 United States : 12.41 56.25 3.07 0.81 29.01 34.40 8.32 Total foreign : 114.33 554.29 107.83 96.30 593.06 79.56 106.89 Major exporters 4/ : 25.55 168.34 6.96 59.75 137.09 44.97 18.78 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 7.47 3.87 Canada : 6.85 20.05 0.35 3.00 7.00 16.50 3.75 EU-27 5/ : 13.99 119.25 6.50 53.17 118.47 11.00 10.28 Major importers 6/ : 63.05 175.61 58.40 9.02 224.87 8.31 63.87 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/ : 11.23 13.82 21.00 0.20 35.93 0.28 9.85 Pakistan : 1.90 23.30 1.70 0.40 22.40 2.20 2.30 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-461-19 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/ : July : 116.05 664.24 118.16 117.72 647.23 120.46 133.06 August : 115.21 670.75 118.56 119.77 649.80 121.28 136.16 United States : July : 8.32 66.97 2.72 7.76 36.17 27.22 14.62 August : 8.32 67.02 2.72 6.80 35.22 27.22 15.62 Total foreign : July : 107.73 597.27 115.44 109.97 611.06 93.24 118.44 August : 106.89 603.73 115.84 112.97 614.59 94.07 120.53 Major exporters 4/ : July : 19.43 205.70 5.38 69.58 148.38 57.00 25.13 August : 18.78 206.67 5.38 71.58 150.38 56.00 24.45 Argentina Jul : 0.88 14.50 0.01 0.08 5.48 9.50 0.41 Aug : 0.88 13.50 0.01 0.08 5.48 8.50 0.41 Australia Jul : 4.34 25.00 0.08 3.50 6.20 15.00 8.22 Aug : 3.87 25.00 0.08 3.50 6.20 15.00 7.75 Canada Jul : 3.75 24.50 0.30 3.00 7.70 16.50 4.35 Aug : 3.75 25.00 0.30 3.00 7.70 17.00 4.35 EU-27 5/ Jul : 10.45 141.70 5.00 63.00 129.00 16.00 12.15 Aug : 10.28 143.17 5.00 65.00 131.00 15.50 11.95 Major importers 6/ : July : 63.92 174.05 64.43 11.75 228.52 6.23 67.66 August : 63.87 174.91 64.03 11.75 228.32 6.58 67.92 Brazil Jul : 0.35 4.50 7.30 0.20 10.55 0.80 0.80 Aug : 0.35 5.00 7.00 0.20 10.55 1.00 0.80 China Jul : 41.72 114.00 0.03 9.00 107.00 2.00 46.75 Aug : 41.72 114.00 0.03 9.00 107.00 2.00 46.75 Sel. Mideast 7/Jul : 6.27 13.91 14.85 1.20 29.90 0.55 4.58 Aug : 6.27 13.91 14.85 1.20 29.90 0.55 4.58 N. Africa 8/ Jul : 9.60 15.76 20.30 0.20 35.78 0.23 9.66 Aug : 9.85 15.78 20.30 0.20 35.88 0.23 9.83 Pakistan Jul : 2.60 21.50 2.00 0.40 22.90 1.00 2.20 Aug : 2.30 21.50 2.00 0.40 22.60 1.00 2.20 SE Asia 9/ Jul : 1.65 0.00 10.75 0.50 10.10 0.53 1.77 Aug : 1.65 0.00 10.75 0.50 10.10 0.53 1.77 Selected other : India Jul : 6.41 76.78 0.10 0.20 78.10 0.05 5.14 Aug : 6.41 78.40 0.00 0.10 77.60 0.05 7.16 FSU-12 Jul : 9.20 102.34 6.03 24.80 77.55 26.94 13.09 Aug : 9.20 105.96 5.48 25.30 78.55 28.34 13.75 Russia Jul : 2.58 54.00 1.00 16.00 39.00 12.50 6.08 Aug : 2.58 57.00 0.50 16.50 40.00 13.50 6.58 Kazakhstan Jul : 1.67 14.00 0.03 2.70 7.50 6.50 1.70 Aug : 1.67 13.50 0.03 2.70 7.50 6.00 1.70 Ukraine Jul : 1.68 21.00 0.10 3.20 13.20 7.50 2.08 Aug : 1.68 22.00 0.10 3.20 13.20 8.50 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-461-20 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/ : 165.19 988.84 113.18 635.42 1016.00 117.54 138.03 United States : 54.77 280.11 2.55 148.27 242.91 58.34 36.17 Total foreign : 110.42 708.73 110.63 487.14 773.09 59.19 101.86 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/ : 42.46 212.11 84.98 223.83 298.57 5.68 35.29 EU-27 6/ : 22.27 137.43 7.99 110.21 147.71 4.69 15.29 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 27.77 20.81 40.58 47.86 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/ : 138.03 1075.97 122.64 657.39 1066.21 124.66 147.79 United States : 36.17 351.06 3.45 161.10 277.34 69.53 43.81 Total foreign : 101.86 724.91 119.19 496.29 788.87 55.13 103.98 Major exporters 4/ : 8.92 76.75 3.50 37.77 52.28 28.34 8.56 Argentina : 2.17 26.50 0.00 7.57 10.33 17.41 0.94 Australia : 1.51 9.90 0.00 5.95 7.25 3.44 0.72 Canada : 3.49 27.84 3.17 19.34 25.00 5.98 3.52 Major importers 5/ : 35.29 210.86 93.78 228.51 303.34 5.43 31.16 EU-27 6/ : 15.29 136.35 18.89 115.10 152.26 4.74 13.54 Japan : 1.76 0.20 19.26 14.37 19.39 0.00 1.83 Mexico : 3.38 29.73 10.55 23.55 40.33 0.10 3.23 N. Afr & Mideast 7/: 8.52 25.08 20.08 39.69 46.93 0.06 6.70 Saudi Arabia : 2.58 0.32 8.30 8.93 9.15 0.00 2.05 Southeast Asia 8/ : 1.73 18.76 3.18 15.42 21.38 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 9.26 10.46 China : 36.95 159.01 1.28 106.02 157.10 0.95 39.20 FSU-12 : 5.28 53.91 0.89 35.09 50.91 5.32 3.86 Russia : 1.67 29.33 0.48 18.93 29.10 1.20 1.17 Ukraine : 2.12 14.59 0.07 9.39 12.49 2.74 1.55 =============================================================================== 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-461-21 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/ : July : 150.24 1069.03 116.06 649.16 1086.10 119.24 133.17 August : 147.79 1089.11 112.47 650.64 1093.11 116.00 143.79 United States : July : 44.62 314.52 2.80 140.73 281.23 55.46 25.25 August : 43.81 328.78 2.91 142.95 287.84 54.70 32.96 Total foreign : July : 105.62 754.51 113.26 508.43 804.87 63.78 107.92 August : 103.98 760.33 109.56 507.69 805.27 61.31 110.82 Major exporters 4/ : July : 8.86 78.55 3.25 36.77 51.86 28.74 10.07 August : 8.56 77.58 3.25 36.72 51.81 27.99 9.60 Argentina Jul : 1.44 30.42 0.00 8.21 11.02 18.76 2.09 Aug : 0.94 28.92 0.00 8.01 10.82 17.56 1.49 Australia Jul : 1.22 12.46 0.00 5.97 7.31 4.38 1.99 Aug : 0.72 12.46 0.00 5.97 7.31 4.38 1.49 Canada Jul : 3.52 23.69 2.93 17.88 23.95 3.08 3.12 Aug : 3.52 24.22 2.93 18.03 24.10 3.53 3.05 Major importers 5/ : July : 32.71 226.12 88.28 228.30 305.52 6.91 34.67 August : 31.16 229.34 84.58 226.29 303.31 5.91 35.86 EU-27 6/ Jul : 15.69 151.36 8.66 112.15 151.27 6.20 18.24 Aug : 13.54 154.08 5.66 110.74 149.76 5.20 18.31 Japan Jul : 1.63 0.18 19.16 14.39 19.31 0.00 1.65 Aug : 1.83 0.18 19.16 14.39 19.31 0.00 1.85 Mexico Jul : 3.08 29.98 12.18 24.71 41.66 0.10 3.48 Aug : 3.23 30.18 11.98 24.71 41.56 0.10 3.73 N Afr/M.East 7/Jul : 6.93 24.60 22.17 40.33 47.80 0.05 5.86 Aug : 6.70 24.90 22.17 40.23 47.70 0.05 6.02 Saudi Arabia Jul : 1.55 0.33 9.00 9.03 9.26 0.00 1.61 Aug : 2.05 0.33 9.20 9.23 9.46 0.00 2.11 S.-east Asia 8/Jul : 1.76 19.17 3.78 16.32 22.40 0.56 1.75 Aug : 1.76 19.17 3.78 16.32 22.40 0.56 1.75 South Korea Jul : 1.44 0.34 8.77 6.95 9.13 0.00 1.42 Aug : 1.44 0.34 8.27 6.45 8.63 0.00 1.42 Selected other : Brazil Jul : 8.46 59.86 0.76 40.08 47.81 11.30 9.97 Aug : 10.46 59.86 0.76 40.08 47.81 9.30 13.97 China Jul : 39.35 160.50 1.43 113.23 165.52 0.65 35.10 Aug : 39.20 160.50 1.43 113.23 165.52 0.65 34.95 FSU-12 Jul : 4.33 64.49 0.66 37.45 53.32 10.76 5.40 Aug : 3.86 67.77 0.66 38.38 54.87 12.04 5.38 Russia Jul : 1.12 32.60 0.35 19.75 29.75 1.78 2.54 Aug : 1.17 33.75 0.35 20.25 30.68 2.35 2.24 Ukraine Jul : 2.05 21.67 0.05 10.50 13.72 8.10 1.95 Aug : 1.55 23.48 0.05 10.90 14.33 8.60 2.15 =============================================================================== 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-461-22 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/ : 124.62 712.23 90.86 477.59 728.38 93.90 108.48 United States : 49.97 267.60 0.30 142.11 230.77 53.99 33.11 Total foreign : 74.65 444.63 90.56 335.48 497.61 39.91 75.37 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/ : 18.01 99.24 54.52 110.36 154.16 1.33 16.29 Egypt : 0.65 6.15 4.83 8.60 10.70 0.00 0.92 EU-27 6/ : 9.46 53.83 7.06 48.70 62.30 0.66 7.38 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/ : 108.48 789.15 95.47 497.43 775.17 97.28 122.46 United States : 33.11 332.09 0.46 153.68 264.04 61.60 40.02 Total foreign : 75.37 457.06 95.02 343.75 511.13 35.68 82.44 Major exporters 4/ : 3.32 33.00 0.20 9.30 15.60 17.00 3.92 Argentina : 1.66 21.00 0.00 4.60 6.50 15.50 0.66 South Africa : 1.66 12.00 0.20 4.70 9.10 1.50 3.26 Major importers 5/ : 16.29 94.98 59.45 111.45 155.10 1.11 14.51 Egypt : 0.92 6.17 4.20 8.30 10.40 0.00 0.89 EU-27 6/ : 7.38 47.32 13.00 48.50 61.50 0.50 5.71 Japan : 1.15 0.00 16.60 11.80 16.50 0.00 1.25 Mexico : 3.08 22.65 9.20 16.20 32.00 0.10 2.83 Southeast Asia 7/ : 1.73 18.69 3.15 15.35 21.30 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 9.00 10.33 Canada : 1.34 11.65 3.10 10.20 13.80 0.60 1.69 China : 36.60 151.83 0.05 105.00 149.00 0.60 38.88 FSU-12 : 1.77 13.79 0.45 10.99 12.68 2.08 1.25 Ukraine : 1.07 7.40 0.02 5.00 5.70 2.00 0.79 =============================================================================== 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-461-23 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/ : July : 124.64 775.29 89.68 488.58 794.61 91.77 105.31 August : 122.46 789.58 86.38 489.82 799.66 88.82 112.38 United States : July : 40.58 297.57 0.38 132.09 266.59 50.80 21.15 August : 40.02 312.13 0.38 134.63 272.94 50.80 28.79 Total foreign : July : 84.06 477.71 89.30 356.50 528.03 40.97 84.17 August : 82.44 477.46 86.00 355.20 526.73 38.02 83.59 Major exporters 4/ : July : 3.72 35.00 0.20 9.50 15.90 18.70 4.32 August : 3.92 33.50 0.20 9.30 15.70 17.50 4.42 Argentina Jul : 1.16 23.50 0.00 5.00 6.90 16.20 1.56 Aug : 0.66 22.00 0.00 4.80 6.70 15.00 0.96 South Africa Jul : 2.56 11.50 0.20 4.50 9.00 2.50 2.76 Aug : 3.26 11.50 0.20 4.50 9.00 2.50 3.46 Major importers 5/ : July : 16.31 105.97 54.25 112.25 157.32 1.64 17.57 August : 14.51 107.09 51.05 110.55 155.62 1.64 15.39 Egypt Jul : 0.89 6.18 4.30 8.30 10.60 0.00 0.77 Aug : 0.89 6.18 4.30 8.30 10.60 0.00 0.77 EU-27 6/ Jul : 7.86 57.46 6.50 48.00 62.00 1.00 8.82 Aug : 5.71 58.59 4.00 47.00 61.00 1.00 6.29 Japan Jul : 1.05 0.00 16.10 11.50 16.10 0.00 1.05 Aug : 1.25 0.00 16.10 11.50 16.10 0.00 1.25 Mexico Jul : 2.68 23.00 10.50 17.00 33.00 0.10 3.08 Aug : 2.83 23.00 10.50 17.00 33.00 0.10 3.23 S.-east Asia 7/Jul : 1.76 19.10 3.75 16.25 22.33 0.54 1.75 Aug : 1.76 19.10 3.75 16.25 22.33 0.54 1.75 South Korea Jul : 1.44 0.08 8.70 6.90 8.80 0.00 1.42 Aug : 1.44 0.08 8.20 6.40 8.30 0.00 1.42 Selected other : Brazil Jul : 8.33 57.00 0.50 38.00 45.00 11.00 9.83 Aug : 10.33 57.00 0.50 38.00 45.00 9.00 13.83 Canada Jul : 1.69 9.70 2.80 8.60 12.60 0.30 1.29 Aug : 1.69 9.70 2.80 8.60 12.60 0.30 1.29 China Jul : 39.03 153.00 0.10 112.00 157.00 0.50 34.63 Aug : 38.88 153.00 0.10 112.00 157.00 0.50 34.48 FSU-12 Jul : 1.73 18.72 0.23 12.73 14.46 3.63 2.58 Aug : 1.25 18.92 0.23 13.03 14.76 3.88 1.75 Ukraine Jul : 1.29 9.50 0.03 5.50 6.20 3.50 1.11 Aug : 0.79 9.50 0.03 5.50 6.20 3.50 0.61 =============================================================================== 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-461-24 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/ : 75.68 420.16 27.67 420.58 31.24 75.26 United States : 1.37 6.24 0.65 4.07 2.92 1.27 Total foreign : 74.31 413.92 27.02 416.51 28.32 73.99 Major exporters 4/ : 15.73 139.72 0.46 117.84 22.36 15.70 India : 10.52 93.35 0.00 86.94 5.50 11.43 Pakistan : 0.30 5.20 0.00 2.26 2.84 0.40 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 60.50 11.58 70.12 0.42 14.34 Brazil : 0.90 7.70 0.75 7.96 0.23 1.16 EU-27 6/ : 1.18 1.69 1.17 2.76 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 12.00 0.00 5.18 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/ : 75.26 428.99 25.60 426.65 30.28 77.60 United States : 1.27 6.31 0.75 3.99 3.39 0.95 Total foreign : 73.99 422.67 24.85 422.66 26.89 76.65 Major exporters 4/ : 15.70 144.35 0.41 121.68 21.85 16.93 India : 11.43 96.43 0.00 90.76 4.10 13.00 Pakistan : 0.40 5.50 0.00 2.45 3.00 0.45 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/ : 14.34 62.24 10.02 71.97 0.60 14.03 Brazil : 1.16 8.35 0.50 8.43 0.43 1.16 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 : 5.18 10.60 2.00 12.80 0.00 4.98 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 0.38 0.52 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 0.20 0.60 0.76 0.01 0.17 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-461-25 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/ : July : 78.52 431.70 25.44 428.25 27.65 81.97 August : 77.60 430.75 25.60 427.67 27.75 80.68 United States : July : 0.84 6.56 0.75 4.02 3.42 0.69 August : 0.95 6.55 0.76 4.02 3.52 0.72 Total foreign : July : 77.68 425.14 24.69 424.22 24.23 81.28 August : 76.65 424.20 24.84 423.64 24.23 79.96 Major exporters 4/ : July : 17.00 144.10 0.31 123.97 19.35 18.09 August : 16.93 144.10 0.31 123.97 19.35 18.02 India Jul : 13.00 96.00 0.00 93.00 2.00 14.00 Aug : 13.00 96.00 0.00 93.00 2.00 14.00 Pakistan Jul : 0.52 5.60 0.00 2.42 3.15 0.55 Aug : 0.45 5.60 0.00 2.42 3.15 0.48 Thailand Jul : 1.52 18.80 0.01 9.45 9.00 1.88 Aug : 1.52 18.80 0.01 9.45 9.00 1.88 Vietnam Jul : 1.96 23.70 0.30 19.10 5.20 1.66 Aug : 1.96 23.70 0.30 19.10 5.20 1.66 Major importers 5/ : July : 15.03 63.57 9.98 73.01 0.47 15.11 August : 14.03 62.82 10.18 72.68 0.47 13.88 Brazil Jul : 1.31 8.50 0.60 8.71 0.30 1.40 Aug : 1.16 8.50 0.60 8.71 0.30 1.25 EU-27 6/ Jul : 1.02 1.62 1.20 2.75 0.15 0.94 Aug : 1.02 1.62 1.20 2.75 0.15 0.94 Indonesia Jul : 4.86 36.25 0.80 36.85 0.00 5.06 Aug : 4.86 36.25 0.80 36.85 0.00 5.06 Nigeria Jul : 0.50 3.10 1.60 4.80 0.00 0.40 Aug : 0.50 3.10 1.60 4.80 0.00 0.40 Philippines Jul : 5.83 11.00 2.00 12.85 0.00 5.98 Aug : 4.98 11.00 2.20 13.00 0.00 5.18 Sel. Mideast 7/Jul : 1.42 2.37 2.82 5.30 0.02 1.28 Aug : 1.42 1.62 2.82 4.83 0.02 1.00 Selected other : Burma Jul : 0.60 9.40 0.00 9.70 0.00 0.30 Aug : 0.60 9.40 0.00 9.70 0.00 0.30 C. Am & Car. 8/Jul : 0.05 0.06 0.39 0.48 0.00 0.02 Aug : 0.05 0.06 0.39 0.48 0.00 0.02 China Jul : 37.72 130.55 0.33 127.65 1.10 39.85 Aug : 37.72 130.55 0.33 127.65 1.10 39.85 Egypt Jul : 0.67 4.39 0.02 3.63 0.80 0.65 Aug : 0.67 4.39 0.02 3.63 0.80 0.65 Japan Jul : 2.69 7.90 0.70 8.13 0.20 2.96 Aug : 2.69 7.90 0.70 8.13 0.20 2.96 Mexico Jul : 0.19 0.19 0.65 0.81 0.01 0.20 Aug : 0.17 0.21 0.60 0.83 0.01 0.14 South Korea Jul : 0.73 4.50 0.29 4.54 0.00 0.97 Aug : 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-461-26 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 : 62.45 121.97 37.39 123.35 37.16 -1.72 63.03 United States : 6.07 21.59 0.02 4.94 13.01 0.25 9.48 Total foreign : 56.38 100.39 37.37 118.41 24.15 -1.97 53.55 Major exporters 4/ : 20.03 45.69 2.27 27.36 20.37 -0.16 20.42 Central Asia 5/ : 2.21 8.19 0.31 1.51 6.93 0.00 2.27 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 51.62 32.40 86.44 2.42 -1.81 31.11 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 0.02 1.91 1.95 0.00 0.03 0.35 Bangladesh : 0.46 0.06 2.48 2.48 0.00 0.01 0.51 : : 2007/08 (Estimated) : World : 63.03 119.31 38.16 123.63 38.95 -2.45 60.36 United States : 9.48 19.21 0.02 4.60 13.90 0.00 10.20 Total foreign : 53.55 100.10 38.14 119.03 25.05 -2.45 50.16 Major exporters 4/ : 20.42 47.16 1.74 27.77 21.62 -0.14 20.07 Central Asia 5/ : 2.27 8.35 0.20 1.58 6.83 0.00 2.41 Afr. Fr. Zone 6/ : 1.13 2.42 3/ 0.19 2.53 0.00 0.83 S. Hemis. 7/ : 7.95 9.13 0.54 5.75 3.92 -0.15 8.10 Australia : 1.15 0.57 3/ 0.05 1.15 -0.02 0.55 Brazil : 5.68 7.15 0.17 4.50 2.25 -0.15 6.40 India : 7.66 24.80 0.45 18.40 7.20 0.00 7.31 Major importers 8/ : 31.11 50.04 33.85 86.79 2.33 -2.31 28.21 Mexico : 1.03 0.62 1.50 2.00 0.20 0.03 0.92 China : 20.54 35.80 11.50 52.25 0.08 -2.50 18.01 EU-27 9/ : 0.83 1.51 1.62 1.88 1.34 0.05 0.70 Russia : 0.22 3/ 1.28 1.30 0.00 0.00 0.20 Turkey : 1.96 3.10 3.20 6.20 0.30 0.00 1.76 Pakistan : 4.33 8.90 3.70 12.30 0.28 0.03 4.33 Indonesia : 0.35 0.03 2.30 2.23 0.02 0.05 0.39 Thailand : 0.35 0.02 1.95 1.95 0.00 0.03 0.34 Bangladesh : 0.51 0.04 2.80 2.75 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, 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-461-27 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 : July : 61.26 114.94 39.88 125.91 39.89 -2.96 53.24 August : 60.36 112.16 39.28 124.54 39.27 -2.99 50.98 United States : July : 10.20 14.00 0.02 4.40 14.50 0.02 5.30 August : 10.20 13.77 0.02 4.40 15.00 -0.02 4.60 Total foreign : July : 51.06 100.94 39.87 121.51 25.39 -2.97 47.94 August : 50.16 98.39 39.26 120.14 24.27 -2.97 46.38 Major exporters 4/ : July : 20.66 48.16 1.77 28.22 22.21 -0.16 20.32 August : 20.07 45.92 2.02 27.90 21.05 -0.16 19.23 Central Asia 5/Jul : 2.26 7.70 0.20 1.65 6.43 0.00 2.09 Aug : 2.41 7.63 0.20 1.61 6.52 0.00 2.12 Afr. Fr. Zn. 6/Jul : 0.83 3.39 3/ 0.19 3.08 0.00 0.95 Aug : 0.83 2.99 3/ 0.19 2.81 0.00 0.81 S. Hemis 7/ Jul : 8.03 9.47 0.57 5.87 4.28 -0.18 8.10 Aug : 8.10 9.15 0.52 5.87 4.27 -0.18 7.81 Australia Jul : 0.53 1.50 3/ 0.05 1.20 -0.05 0.83 Aug : 0.55 1.20 3/ 0.05 1.10 -0.05 0.65 Brazil Jul : 6.35 6.40 0.25 4.60 2.50 -0.15 6.05 Aug : 6.40 6.40 0.20 4.60 2.60 -0.15 5.95 India Jul : 8.01 25.50 0.50 18.80 7.20 0.00 8.01 Aug : 7.31 24.00 0.80 18.50 6.25 0.00 7.36 Major importers 8/ : July : 28.51 49.59 35.48 88.76 1.95 -2.81 25.68 August : 28.21 49.28 34.71 87.78 2.00 -2.81 25.22 Mexico Jul : 0.92 0.68 1.35 1.95 0.18 0.03 0.80 Aug : 0.92 0.68 1.35 1.95 0.18 0.03 0.80 China Jul : 18.51 35.50 13.50 54.00 0.08 -3.00 16.44 Aug : 18.01 35.50 13.00 53.50 0.08 -3.00 15.94 EU-27 9/ Jul : 0.65 1.26 1.55 1.76 1.10 0.05 0.55 Aug : 0.70 1.26 1.53 1.73 1.15 0.05 0.55 Russia Jul : 0.20 3/ 1.20 1.20 0.00 0.00 0.20 Aug : 0.20 3/ 1.20 1.20 0.00 0.00 0.20 Turkey Jul : 1.73 2.60 3.35 6.00 0.23 0.00 1.46 Aug : 1.76 2.30 3.30 5.70 0.23 0.00 1.43 Pakistan Jul : 4.23 9.40 3.50 12.75 0.25 0.03 4.10 Aug : 4.33 9.40 3.20 12.50 0.25 0.03 4.15 Indonesia Jul : 0.39 0.03 2.30 2.30 0.02 0.05 0.35 Aug : 0.39 0.03 2.30 2.30 0.02 0.05 0.35 Thailand Jul : 0.37 0.03 1.95 2.00 0.00 0.03 0.32 Aug : 0.34 0.02 1.95 2.00 0.00 0.03 0.28 Bangladesh Jul : 0.53 0.06 2.95 2.95 0.00 0.01 0.58 Aug : 0.58 0.06 3.05 3.05 0.00 0.01 0.63 =============================================================================== 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-461-28 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 69.19 196.19 225.36 71.22 62.51 United States : 12.23 86.77 0.25 49.20 53.24 30.39 15.62 Total foreign : 41.12 149.79 68.94 146.99 172.12 40.84 46.89 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/ : 62.51 218.23 76.07 203.78 230.99 76.58 49.25 United States : 15.62 70.36 0.27 49.80 51.41 31.16 3.68 Total foreign : 46.89 147.87 75.80 153.98 179.58 45.41 45.57 Major exporters 3/ : 41.06 114.30 2.72 70.62 75.24 42.21 40.63 Argentina : 22.61 46.50 2.55 35.80 37.32 12.20 22.14 Brazil : 18.28 61.00 0.15 32.50 35.45 25.65 18.33 Major importers 4/ : 4.26 15.52 61.38 61.07 76.77 0.41 3.97 China : 2.66 13.50 35.40 38.60 48.65 0.35 2.56 EU-27 : 1.12 0.72 14.50 13.94 15.38 0.04 0.92 Japan : 0.27 0.23 4.05 2.86 4.26 0.00 0.29 Mexico : 0.04 0.08 3.75 3.80 3.84 0.00 0.03 : : 2008/09 (Projected) World 2/ : July : 48.84 237.80 76.38 207.33 237.87 76.28 48.87 August : 49.25 237.36 76.23 207.67 237.88 75.67 49.28 United States : July : 3.41 81.65 0.27 49.80 54.31 27.22 3.80 August : 3.68 80.90 0.22 49.40 53.89 27.22 3.69 Total foreign : July : 45.43 156.15 76.11 157.53 183.56 49.07 45.06 August : 45.57 156.46 76.01 158.27 183.99 48.45 45.60 Major exporters 3/ : July : 41.18 119.20 2.83 72.18 76.86 45.63 40.72 August : 40.63 119.20 2.83 72.68 77.36 44.98 40.32 Argentina Jul : 22.24 48.00 2.65 37.20 38.74 12.20 21.95 Aug : 22.14 49.50 2.65 37.70 39.24 12.90 22.15 Brazil Jul : 18.78 64.00 0.16 32.50 35.50 28.85 18.59 Aug : 18.33 62.50 0.16 32.50 35.50 27.50 17.99 Major importers 4/ : July : 3.27 18.07 61.14 62.78 78.75 0.44 3.30 August : 3.97 17.96 61.14 62.75 78.42 0.46 4.20 China Jul : 1.78 16.00 35.50 40.80 51.05 0.38 1.86 Aug : 2.56 16.00 36.00 41.02 51.27 0.40 2.89 EU-27 Jul : 1.00 0.77 14.15 13.55 14.97 0.05 0.91 Aug : 0.92 0.65 13.65 13.30 14.41 0.04 0.78 Japan Jul : 0.29 0.23 4.05 2.84 4.26 0.00 0.31 Aug : 0.29 0.23 4.05 2.84 4.26 0.00 0.31 Mexico Jul : 0.03 0.10 3.64 3.71 3.74 0.00 0.03 Aug : 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-461-29 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/ : 5.86 154.29 52.63 152.36 54.38 6.05 United States : 0.29 39.06 0.14 31.18 7.99 0.31 Total foreign : 5.58 115.24 52.49 121.18 46.39 5.74 Major exporters 3/ : 3.47 55.44 0.17 13.72 41.80 3.56 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 : 0.32 5.28 0.00 2.02 3.46 0.13 Major importers 4/ : 1.10 40.96 28.58 68.09 1.42 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/ : 6.05 160.24 55.81 158.73 56.95 6.42 United States : 0.31 39.45 0.15 31.03 8.62 0.27 Total foreign : 5.74 120.79 55.66 127.71 48.33 6.14 Major exporters 3/ : 3.56 59.34 0.13 14.67 44.20 4.15 Argentina : 1.52 27.78 0.00 0.63 27.20 1.46 Brazil : 1.91 25.18 0.13 11.80 12.80 2.61 India : 0.13 6.39 0.00 2.24 4.20 0.07 Major importers 4/ : 1.13 42.82 30.44 72.21 1.06 1.11 EU-27 : 0.85 10.97 23.40 33.97 0.40 0.86 China : 0.00 30.56 0.24 30.15 0.65 0.00 : : 2008/09 (Projected) World 2/ : July : 5.85 163.05 56.23 161.87 57.76 5.50 August : 6.42 163.23 56.29 161.86 57.82 6.25 United States : July : 0.27 39.40 0.15 31.48 8.07 0.27 August : 0.27 39.09 0.15 31.25 7.98 0.27 Total foreign : July : 5.58 123.65 56.08 130.40 49.69 5.23 August : 6.14 124.15 56.14 130.61 49.84 5.98 Major exporters 3/ : July : 3.58 60.13 0.13 15.16 45.42 3.26 August : 4.15 60.71 0.13 15.47 45.50 4.01 Argentina Jul : 1.46 29.00 0.00 0.66 28.35 1.46 Aug : 1.46 29.25 0.00 0.67 28.50 1.54 Brazil Jul : 1.94 25.18 0.13 12.30 13.33 1.62 Aug : 2.61 25.18 0.13 12.30 13.20 2.42 India Jul : 0.18 5.96 0.00 2.20 3.75 0.18 Aug : 0.07 6.28 0.00 2.50 3.80 0.05 Major importers 4/ : July : 1.11 44.29 30.77 74.13 0.99 1.06 August : 1.11 44.26 30.32 73.68 0.96 1.05 EU-27 Jul : 0.86 10.67 23.50 33.72 0.45 0.86 Aug : 0.86 10.47 23.00 33.12 0.35 0.85 China Jul : 0.00 32.30 0.30 32.10 0.50 0.00 Aug : 0.00 32.47 0.20 32.07 0.60 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-461-30 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 35.60 10.70 3.13 United States : 1.37 9.29 0.02 8.43 0.85 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 38.05 10.52 37.69 11.30 2.71 United States : 1.40 9.61 0.03 8.30 1.43 1.30 Total foreign : 1.73 28.45 10.49 29.39 9.88 1.41 Major exporters 3/ : 0.89 15.59 1.07 7.99 8.72 0.84 Argentina : 0.38 6.85 0.00 0.98 5.95 0.30 Brazil : 0.32 6.23 0.07 3.87 2.40 0.34 EU-27 : 0.20 2.51 1.00 3.14 0.38 0.20 Major importers 4/ : 0.46 8.33 3.95 12.35 0.09 0.30 China : 0.25 6.90 3.00 9.86 0.08 0.21 India : 0.21 1.43 0.90 2.44 0.01 0.09 Pakistan : 0.00 0.01 0.05 0.06 0.00 0.00 : : 2008/09 (Projected) World 2/ : July : 2.73 38.63 10.72 38.59 10.87 2.62 August : 2.71 38.66 10.68 38.44 10.97 2.63 United States : July : 1.33 9.46 0.02 8.39 1.20 1.22 August : 1.30 9.39 0.02 8.35 1.20 1.16 Total foreign : July : 1.40 29.17 10.70 30.20 9.67 1.40 August : 1.41 29.28 10.65 30.10 9.77 1.47 Major exporters 3/ : July : 0.83 15.80 1.02 8.37 8.50 0.78 August : 0.84 15.83 1.02 8.25 8.59 0.85 Argentina Jul : 0.32 7.14 0.00 1.14 6.00 0.32 Aug : 0.30 7.22 0.00 1.14 6.04 0.33 Brazil Jul : 0.31 6.23 0.07 4.00 2.30 0.31 Aug : 0.34 6.23 0.07 4.01 2.30 0.33 EU-27 Jul : 0.20 2.44 0.95 3.24 0.20 0.15 Aug : 0.20 2.39 0.95 3.10 0.25 0.19 Major importers 4/ : July : 0.30 8.64 4.00 12.54 0.06 0.35 August : 0.30 8.74 3.95 12.57 0.08 0.35 China Jul : 0.21 7.30 3.10 10.30 0.05 0.26 Aug : 0.21 7.33 3.00 10.21 0.07 0.26 India Jul : 0.09 1.34 0.85 2.18 0.01 0.08 Aug : 0.09 1.41 0.90 2.30 0.01 0.08 Pakistan Jul : 0.00 0.01 0.05 0.06 0.00 0.00 Aug : 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-461-31 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 : 6897 5593 12568 9434 1565 11146 23714 1860 48.7 III* : 6910 5700 12686 9250 1530 10920 23606 1890 46.7 IV* : 6510 6240 12829 9200 1560 10895 23724 1925 46.5 Annual : Jul Proj : 26566 23478 50362 37008 6181 43734 94096 7550 189.5 Aug Proj : 26688 23556 50557 36992 6196 43745 94302 7545 189.5 : 2009 : I* : 6275 5850 12204 8945 1490 10565 22769 1865 47.6 II* : 6785 5515 12380 9345 1515 10990 23370 1865 48.9 Annual : Jul Proj : 26385 22750 49452 36590 6045 43160 92612 7560 190.3 Aug Proj : 26550 23025 49889 36690 6045 43260 93149 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 88.9 117.3 18.57 III* : 95-97 53-55 80-82 93-95 118-122 18.75-19.05 IV* : 94-100 47-49 81-85 92-98 126-134 18.75-19.35 Annual : Jul Proj : 91-94 46-48 81-83 88-90 137-141 18.95-19.25 Aug Proj : 93-95 48-49 80-82 88-90 130-133 18.85-19.05 : 2009 : I* : 91-99 50-54 82-88 80-86 130-140 18.30-19.20 II* : 93-101 53-57 83-89 87-95 123-133 17.90-18.90 Annual : Jul Proj : 91-99 48-51 85-92 89-96 123-133 18.60-19.60 Aug Proj : 92-100 51-56 83-90 89-96 123-133 18.25-19.25 =============================================================================== *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-461-32 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 1434 630 28141 65.2 2008 Proj. Jul : 630 26668 2692 29990 1700 600 27690 63.6 Aug : 630 26790 2552 29972 1725 600 27647 63.5 2009 Proj. Jul : 600 26487 2955 30042 1890 600 27552 62.7 Aug : 600 26652 2835 30087 1915 600 27572 62.7 : PORK : 2007 : 514 21962 968 23444 3141 536 19767 50.8 2008 Proj. Jul : 536 23497 892 24925 4556 650 19719 50.2 Aug : 536 23575 862 24973 5406 630 18937 48.2 2009 Proj. Jul : 650 22769 865 24284 4135 610 19539 49.3 Aug : 630 23044 850 24524 5100 630 18794 47.4 : TOTAL RED MEAT 5/ : 2007 : 1166 48817 4223 54206 4585 1186 48436 117.5 2008 Proj. Jul : 1186 50496 3777 55459 6265 1270 47924 115.2 Aug : 1186 50691 3603 55480 7140 1254 47086 113.1 2009 Proj. Jul : 1270 49586 4012 54868 6037 1230 47601 113.4 Aug : 1254 50023 3873 55150 7027 1254 46869 111.5 : BROILERS : 2007 : 732 35739 61 36532 5904 719 29909 85.0 2008 Proj. Jul : 719 36612 67 37398 6257 660 30481 85.9 Aug : 719 36596 67 37382 6562 680 30140 84.9 2009 Proj. Jul : 660 36198 68 36926 6200 680 30046 83.9 Aug : 680 36297 68 37045 6275 690 30080 84.0 : TURKEYS : 2007 : 218 5880 10 6108 547 261 5300 17.5 2008 Proj. Jul : 261 6100 12 6373 623 275 5475 18.0 Aug : 261 6115 12 6387 623 285 5479 18.0 2009 Proj. Jul : 275 5966 12 6253 635 285 5333 17.3 Aug : 285 5966 12 6263 635 285 5343 17.4 : TOTAL POULTRY 6/ : 2007 : 956 42117 75 43147 6618 982 35548 103.7 2008 Proj. Jul : 982 43257 82 44320 7011 937 36371 105.2 Aug : 982 43268 82 44331 7316 967 36048 104.3 2009 Proj. Jul : 937 42689 83 43708 6985 967 35756 102.4 Aug : 967 42788 83 43837 7060 977 35800 102.6 : RED MEAT & POULTRY : 2007 : 2122 90934 4298 97354 11202 2168 83984 221.2 2008 Proj. Jul : 2168 93753 3859 99779 13276 2207 84295 220.4 Aug : 2168 93959 3685 99811 14456 2221 83134 217.4 2009 Proj. Jul : 2207 92275 4095 98576 13022 2197 83357 215.8 Aug : 2221 92811 3956 98987 14087 2231 82669 214.1 =============================================================================== 1/ Total including farm production for red meats and, for poultry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis. 3/ Population source: Dept. of Commerce, Census Bureau. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. WASDE-461-33 U.S. Egg Supply and Use =============================================================================== : : : 2008 Projected : 2009 Projected : : :-----------------:----------------- Commodity : 2006 : 2007 : Jul : Aug : Jul : Aug =============================================================================== 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 7545.0 7560.0 7560.0 Imports : 8.6 13.6 14.5 14.5 14.0 14.0 Total supply : 7634.6 7573.1 7575.6 7570.6 7586.0 7586.0 : Use : Exports : 202.1 250.3 200.6 200.6 221.0 221.0 Hatching use : 992.2 1014.5 1010.3 1010.0 1018.0 1018.0 Ending stocks : 12.5 11.1 12.0 12.0 12.0 12.0 Disappearance : Total : 6427.8 6297.2 6352.7 6348.0 6335.0 6335.0 Per capita (number) : 257.8 250.1 250.0 249.8 247.0 247.0 =============================================================================== U.S. Milk Supply and Use =============================================================================== : : : 2008 Projected : 2009 Projected Commodity : : :-----------------:----------------- : 2006 : 2007 : Jul : Aug : Jul : Aug =============================================================================== : Billion pounds Milk : Production : 181.8 185.6 189.5 189.5 190.3 190.3 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 9.7 9.7 Marketings : 180.6 184.4 188.3 188.3 189.1 189.1 Imports : 5.0 4.6 4.4 3.7 4.5 4.0 Total cml. supply : 193.6 198.6 203.0 202.4 203.3 202.8 : Fat Basis Use : Commercial Exports : 3.4 5.7 7.9 8.7 6.0 6.7 Ending commercial stks : 9.5 10.4 9.7 9.7 9.0 9.0 CCC net removals 1/ : 0.0 0.0 0.0 0.0 0.0 0.0 Commercial use 2/ : 180.7 182.5 185.4 184.0 188.3 187.1 : Skim-solids Basis Supply : Beg. commercial stocks : 9.0 9.1 9.9 9.9 9.4 9.4 Marketings : 180.6 184.4 188.3 188.3 189.1 189.1 Imports : 4.8 4.4 4.2 3.8 4.3 3.9 Total cml. supply : 194.4 198.0 202.4 202.0 202.7 202.3 : Skim-solids Basis Use : Commercial Exports : 23.6 24.5 25.4 27.2 23.7 24.0 Ending commercial stks : 9.1 9.9 9.4 9.4 9.1 9.1 CCC net removals 1/ : 0.7 0.0 0.0 0.0 0.0 0.0 Commercial use 2/ : 160.9 163.6 167.7 165.5 169.9 169.3 : : 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-461-34 U.S. Dairy Prices =========================================================================== : : : 2008 Projected : 2009 Projected : : :-----------------:----------------- Commodity : 2006 : 2007 : Jul : Aug : Jul : Aug =========================================================================== : Dollars per pound : Product Prices 1/ : Cheese : 1.2470 1.7380 1.935- 1.920- 1.855- 1.855- : 1.965 1.940 1.955 1.955 : Butter : 1.2193 1.3441 1.360- 1.415- 1.350- 1.355- : 1.420 1.455 1.480 1.485 : Nonfat dry milk : 0.8928 1.7083 1.370- 1.385- 1.475- 1.485- : 1.400 1.405 1.545 1.555 : Dry whey : 0.3285 0.6004 0.280- 0.270- 0.320- 0.300- : 0.300 0.290 0.350 0.330 : : Dollars per cwt Milk Prices 2/ : Class III : 11.89 18.04 18.10- 17.85- 17.55- 17.10- : 18.40 18.05 18.55 18.10 : Class IV : 11.06 18.36 15.70- 15.95- 16.55- 16.40- : 16.10 16.25 17.65 17.50 : All milk 3/ : 12.88 19.13 18.95- 18.85- 18.60- 18.25- : 19.25 19.05 19.60 19.25 : =========================================================================== 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-461-35 Note: Tables on pages 35-37 present a 27-year record of the differences between the August projection and the final estimate. Using world wheat production as an example, changes between the August projection and the final estimate have averaged 10.9 million tons (2.0%) ranging from -32.1 to 19.5 million tons. The August projection has been below the estimate 16 times and above 11 times. Reliability of August 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 : 2.0 10.9 -32.1 19.5 16 11 U.S. : 1.9 1.2 -3.4 4.2 10 17 Foreign : 2.2 10.5 -31.1 17.8 16 11 Exports : World : 4.3 4.9 -12.4 10.2 18 9 U.S. : 8.6 2.8 -10.0 7.8 13 13 Foreign : 5.2 4.3 -11.3 7.2 16 11 Domestic use : World : 1.5 8.1 -23.4 15.4 16 11 U.S. : 5.9 1.8 -3.7 3.6 11 16 Foreign : 1.5 7.5 -21.1 14.5 17 10 Ending stocks : World : 7.7 10.0 -28.1 23.7 19 8 U.S. : 13.9 3.1 -11.1 12.6 14 13 Foreign : 8.4 8.8 -24.3 11.2 19 8 : COARSE GRAINS 3/ : Production : World : 2.0 17.6 -51.0 32.7 20 7 U.S. : 4.7 10.6 -22.1 31.4 19 8 Foreign : 2.0 12.6 -28.8 20.0 17 10 Exports : World : 5.8 6.1 -16.8 17.4 18 9 U.S. : 13.9 7.4 -19.7 14.9 12 15 Foreign : 13.4 7.0 -18.1 14.2 17 10 Domestic use : World : 1.4 12.1 -29.4 24.3 14 13 U.S. : 3.7 7.0 -15.9 17.0 18 9 Foreign : 1.5 9.9 -20.2 23.3 17 10 Ending stocks : World : 13.6 18.5 -53.5 30.5 21 6 U.S. : 23.5 11.4 -43.5 22.1 14 13 Foreign : 13.8 11.7 -28.7 17.2 22 5 : RICE, milled : Production : World : 1.8 6.4 -24.4 4.1 18 9 U.S. : 4.7 0.3 -0.6 0.5 16 11 Foreign : 1.9 6.4 -24.7 4.2 19 8 Exports : World : 8.0 1.6 -6.8 1.5 17 10 U.S. : 8.1 0.2 -1.0 0.9 15 10 Foreign : 9.1 1.6 -6.7 1.8 17 10 Domestic use : World : 1.3 4.2 -23.5 3.5 20 7 U.S. : 6.5 0.2 -0.4 0.5 12 14 Foreign : 1.3 4.2 -24.0 3.7 19 8 Ending stocks : World : 10.7 4.9 -14.5 7.9 21 6 U.S. : 23.1 0.3 -0.6 1.0 15 11 Foreign : 11.3 4.9 -15.5 7.5 21 6 =============================================================================== 1/ Footnotes at end of table. CONTINUED WASDE-461-36 Reliability of August 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 : 3.4 7.7 -18.3 8.5 2 2 U.S. : 6.8 5.7 -7.4 1.1 3 1 Foreign : 6.4 8.7 -11.2 15.7 1 3 Exports : World : 2.6 1.7 -1.2 2.5 2 2 U.S. : 8.4 2.4 -3.4 4.0 2 1 Foreign : 6.7 2.5 -1.6 4.6 2 2 Domestic use : World : 1.3 2.8 -5.1 5.3 2 2 U.S. : 4.1 2.1 -2.9 1.8 3 1 Foreign : 2.4 3.8 -3.8 7.7 2 2 Ending stocks : World : 11.7 6.5 -14.2 5.1 2 2 U.S. : 48.6 4.2 -7.3 2.6 3 1 Foreign : 12.7 5.4 -10.1 7.8 1 3 : COTTON : Million 480-pound bales Production : World : 3.5 3.2 -13.2 10.5 16 11 U.S. : 6.5 1.1 -3.1 3.9 17 9 Foreign : 3.7 2.8 -10.7 10.2 15 11 Exports : World : 5.8 1.7 -7.1 6.4 12 15 U.S. : 16.6 1.2 -3.0 3.2 15 12 Foreign : 6.5 1.3 -4.1 3.2 13 14 Mill use : World : 2.6 2.3 -7.5 3.5 12 15 U.S. : 6.5 0.5 -1.2 1.3 15 10 Foreign : 2.7 2.2 -7.1 4.0 13 14 Ending stocks : World : 13.2 5.1 -12.5 14.2 19 8 U.S. : 32.3 1.6 -5.1 3.1 11 16 Foreign : 13.0 4.3 -13.0 12.3 21 6 =============================================================================== 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-461-37 Reliability of United States August 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 : 5.1 391 -889 1079 18 9 Exports : 14.5 266 -750 546 11 16 Domestic use : 4.2 277 -553 510 18 9 Ending stocks : 27.2 411 -1674 740 14 13 : SORGHUM : Production : 6.4 38 -82 108 14 13 Exports : 16.4 38 -115 97 13 14 Domestic use : 10.8 41 -114 81 12 15 Ending stocks : 37.8 46 -201 133 10 17 : BARLEY : Production : 4.8 18 -63 67 9 18 Exports : 29.0 16 -82 38 14 11 Domestic use : 8.3 27 -47 82 11 15 Ending stocks : 15.7 25 -61 94 11 16 : OATS : Production : 7.9 17 -26 57 5 22 Exports : 62.7 1 -5 8 8 10 Domestic use : 4.4 14 -39 35 9 18 Ending stocks : 15.3 17 -40 37 11 16 : : Thousand short tons SOYBEAN MEAL : Production : 4.0 1251 -2858 3592 19 8 Exports : 13.7 908 -2050 1800 14 13 Domestic use : 3.0 696 -1550 1909 16 11 Ending stocks : 28.6 68 -204 428 10 13 : : Million pounds SOYBEAN OIL : Production : 4.0 615 -1583 1238 16 11 Exports : 24.6 405 -1750 1219 12 14 Domestic use : 2.9 391 -1085 1500 18 9 Ending stocks : 32.3 531 -1472 1078 12 15 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 3.8 936 -802 2536 17 7 Pork : 2.1 367 -1315 1242 14 11 Broilers : 2.0 515 -1337 1338 15 9 Turkeys : 2.3 105 -444 235 17 8 : : Million dozen Eggs : 0.7 85 -158 188 17 6 : : Billion pounds Milk : 1.4 2.2 -7.0 6.8 12 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 25 for animal production if projection was the same as the final estimate. 4/ Calendar years 1983 thru 2007 for meats, eggs, and milk. Final for animal products is defined as latest annual production estimate published by NASS. ------------ End of File ----------------