ISSN: 1554-9089 WASDE - 480 March 10, 2010 WHEAT: U.S. wheat ending stocks for 2009/10 are projected 20 million bushels higher as a reduction in expected food use pushes ending stocks to 1 billion bushels. Projected food use is lowered 20 million bushels based on the latest mill grind data from the U.S. Bureau of Census. High flour extraction rates for a second straight year are reducing the amount of grain needed to produce flour. At the same time, declining per capita consumption is reducing demand for flour and wheat. Exports of all wheat are unchanged, but hard red winter wheat exports are raised 10 million bushels with an offsetting reduction for white wheat. By-class adjustments reflect the pace of export sales and shipments to date. The projected marketing-year average farm price is raised 5 cents on both ends of the range to $4.80 to $5.00 per bushel as prices received by producers remain stronger than expected. Global wheat supplies for 2009/10 are projected 2.1 million tons higher mostly reflecting higher beginning stocks in Russia and higher production in Argentina. Beginning stocks are raised 2.1 million tons for Russia with historical revisions to estimated feed use. Partly offsetting are small reductions in 2009/10 beginning stocks for a number of other countries reflecting minor revisions to 2008/09 supplies and usage. Argentina production for 2009/10 is raised 0.6 million tons on higher reported area. Partly offsetting is a 0.3- million-ton reduction in Saudi Arabia production based on lower reported area and yields. A number of other smaller changes leave global production up 0.6 million tons this month. Global wheat imports and exports for 2009/10 are both raised this month. Imports are raised 0.4 million tons for Bangladesh and 0.3 million tons for South Korea with smaller increases for a number of other countries. Partly offsetting are small reductions in imports for Israel, Mexico, Tunisia, and Colombia. Exports are raised 0.5 million tons for Argentina and 0.2 million tons each for Brazil, India, and Serbia. Most of the trade adjustments this month reflect the pace of reported shipments to date. Global 2009/10 wheat consumption is raised 1.2 million tons with a 1.0-million-ton increase in China wheat feeding and a 0.8-million-ton increase in India food use. The reduction in U.S. food use is partly offsetting. Global ending stocks are projected 0.9 million tons higher with larger stocks in Russia and the United States only partly offset by reductions elsewhere. At 196.8 million tons, 2009/10 world stocks are up 73.5 million tons or 60 percent from the recent low in 2007/08. COARSE GRAINS: U.S. feed grain supplies for 2009/10 are projected slightly lower with a downward revision in estimated corn production and a reduction in projected barley imports. Corn production is lowered 20 million bushels based on updated estimates of yields for Illinois and Minnesota, and harvested area for Michigan. U.S. corn production remains a record at the revised estimate of 13.1 billion bushels. U.S. corn exports are lowered 100 million bushels as larger foreign supplies increase competition. U.S. corn ending stocks for 2009/10 are projected 80 million bushels higher with the downward revision in production more than offset by reduced export prospects. The projected 2009/10 marketing-year average farm price for corn is lowered 20 cents on the top end of the range to $3.45 to $3.75 per bushel. Projected farm prices are also lowered for sorghum and oats. The all barley farm price is projected higher at $4.40 to $4.60 per bushel compared with $4.25 to $4.55 per bushel last month. Farmer marketings of higher priced malting barley make up a larger-than-normal share of total barley sales, compared with feed barley, boosting the weighted average price for all barley. Global coarse grain supplies for 2009/10 are projected 5.7 million tons higher this month mostly reflecting larger global corn supplies. Coarse grain beginning stocks are raised 1.0 million tons with more than half of the increase from corn as an upward revision for 2008/09 production in Argentina and lower 2008/09 exports for South Africa boost world corn carryin for 2009/10. World coarse grain production for 2009/10 is raised 4.7 million tons with higher corn and sorghum production more than offsetting lower barley, rye, and mixed grain output. World corn production for 2009/10 is raised 5.9 million tons with Argentina production increased 3.8 million and South Africa production increased 2.0 million. Harvested area and yield are raised for both countries as abundant soil moisture and lack of stressful heat during the past month supported crops through critical stages of development. Partly offsetting is a 0.5-million-ton reduction for India corn and the lower U.S. corn production estimate. Global sorghum production is raised 0.6 million tons with increases for Argentina and India outweighing a reduction for Australia. Global barley production is lowered 1.2 million tons with reductions for China, Argentina, and Mexico. Lower world rye and mixed grain production reflect reductions for EU-27. Global coarse grain imports and exports for 2009/10 are largely unchanged, but major shifts among exporters mostly reflect larger corn supplies in Argentina and South Africa. Corn exports are raised 2.5 million tons for Argentina and 1.0 million tons for South Africa. Corn exports are also raised 0.5 million tons for India. Mostly offsetting are corn export reductions of 1.0 million tons for Brazil and 2.5 million tons for the United States. Global corn exports are raised 0.7 million tons, but a 0.6-million-ton reduction in global barley exports is nearly offsetting. Barley exports are lowered for EU-27 and Argentina. Global consumption of coarse grains and corn, in particular, are little changed, raising ending stocks with the increase in production. Global corn ending stocks for 2009/10 are projected 6.1 million tons higher with increases in most of the world’s major corn exporting countries, including the United States, Argentina, South Africa, and Brazil. RICE: No changes are made on the supply side of the U.S. 2009/10 rice supply and use balance. On the use side, domestic and residual use is unchanged from a month ago; however, all rice exports for 2009/10 are lowered 1 million cwt to 100 million. Rough exports are raised 2 million cwt, while combined milled and brown exports (on a rough- equivalent basis) are lowered 3.0 million. Long-grain exports are lowered 1.0 million cwt to 69.0 million, while combined medium- and short-grain exports are unchanged at 31.0 million. All rice ending stocks are projected at 40.8 million cwt, 1.0 million above last month, and up 10.4 million from 2008/09. The 2009/10 long-grain season-average price is projected at $12.70 to $13.20 per cwt, down 20 cents on each end of the range from last month. The combined medium- and short- grain price is projected at $17.45 to $17.95 per cwt, down 5 cents on each end of the range. The all rice season- average price is forecast at $13.90 to $14.40 per cwt, down 15 cents on both ends of the range. The price projections are based on the National Agricultural Statistics Service reported prices through mid-February and expected prices the remainder of the marketing year. Global prices have weakened over the last month due in part to a softening in import demand and an increase in available supplies of the major exporters. Global 2009/10 rice production, consumption, trade, and ending stocks are increased from last month. The 4.0- million-ton increase in world production to 440.3 million is due mostly to increases for India and Bangladesh, up 2.5 million and 1.6 million, respectively. The production changes for both India and Bangladesh are based on information received in March from the Agricultural Counselor’s office in New Delhi and official in-country statistics. Small production increases are made in the European Union, Cuba, and Malaysia. Production is lowered slightly in Venezuela, Chile, and the Philippines. World consumption is projected at a record 440.6 million tons, up 3.4 million from last month, and up 1 percent from 2008/09. The increase in consumption is due mostly to increases for India, Bangladesh, and China. Vietnam’s 2009/10 exports are raised to 5.75 million tons, while China’s exports are lowered to 0.85 million. Imports are raised for the Philippines, Malaysia, Nigeria, and South Africa, but lowered for Saudi Arabia and India. Global ending stocks are lowered 1.6 million tons to 90.9 million due mostly to a reduction in China’s stocks. China’s 2009/10 ending stocks are estimated at 40.8 million tons, down 4.4 million from a month ago, and down about 0.5 percent from 2008/09. The changes in China’s supply and use balance for 2008/09 and 2009/10 are based mostly on a report from the Agricultural Counselor’s office in Beijing. The report raised domestic consumption in 2008/09 and 2009/10 by 4.0 million tons and 1.0 million, respectively. Partially offsetting the decline in China’s stocks are increases for India, Bangladesh, Malaysia, and the Philippines. OILSEEDS: U.S. soybean ending stocks for 2009/10 are projected at 190 million bushels, down 20 million from last month. Soybean production is estimated at 3.359 billion bushels, down 2 million from the January estimate as reported in the March Crop Production report. Soybean exports are raised 20 million bushels to a record 1.420 billion reflecting the strong export pace to date. Soybean crush is raised 10 million bushels to 1.730 billion based on a lower projected soybean meal extraction rate. Total soybean meal use remains unchanged as higher projected exports are offset by reduced domestic disappearance. Soybean oil stocks are projected higher due to increased production and lower domestic food use. Soybean oil used for biodiesel is unchanged at 2.2 billion pounds despite a drop in production in January resulting from the loss of the $1.00 per gallon blending tax credit at the end of 2009. Offsetting production gains are expected later in the year as diesel suppliers increase blending to meet biodiesel mandates. The U.S. season-average soybean price range for 2009/10 is narrowed to $8.95 to $9.95 per bushel. The soybean meal price is projected at $280 to $310 per short ton compared with $270 to $320 previously. The soybean oil price is projected at 33.5 to 36.5 cents per pound, unchanged from last month. Global oilseed production for 2009/10 is projected at 435.3 million tons, up 1.6 million tons from last month. Higher projections for soybeans, peanuts, rapeseed, and palm kernel are only partly offset by lower cottonseed and sunflowerseed production. Global soybean production is raised 0.9 million tons to 255.9 million. Soybean production for Brazil is projected at a record 67 million tons, up 1 million from last month based on higher yields and harvested area. Soybean production for Paraguay is reduced due to lower harvested area. Global cottonseed production is reduced mostly due to reductions for China and Uzbekistan. Other changes include increased rapeseed production for Australia, increased peanut and sunflowerseed production for China, increased palm kernel production for Indonesia, and reduced sunflowerseed production for South Africa. Palm oil production was increased for Indonesia for both 2008/09 and 2009/10. Global oilseed ending stocks for 2009/10 are projected at 71.8 million tons, up 0.9 million from last month. Soybeans account for most of the change with increases for Argentina, Brazil, and India only partly offset by lower projected U.S. stocks. SUGAR: Projected 2009/10 sugar supply is decreased 30,000 short tons, raw value, from last month, due to lower cane sugar production for Texas. On the use side, deliveries of sugar are reduced 50,000 tons, based on pace to date. For Mexico, projected 2009/10 sugar supply is increased 50,000 metric tons, raw value, from last month. Production is decreased 200,000 tons based on continued reports of weather-reduced sugar yields. Imports are increased 250,000 tons based on the import quota announced by Mexico in February. On the use side, consumption of sugar is reduced 300,000 tons to account for increased substitution by corn-based sweeteners. Mexico=s ending stocks of sugar are increased 350,000 tons. LIVESTOCK, POULTRY, AND DAIRY: Total U.S. meat production for 2010 is reduced as lower pork and turkey production more than offset higher broiler production. Beef production is little changed as higher first-quarter steer and heifer slaughter is offset by lower carcass weights. Winter weather has stressed cattle in many parts of the country which is reflected in lighter carcass weights. Pork production is lowered as slaughter in the first and second quarters are reduced and weights during the first quarter have been lighter than expected. USDA will release the Quarterly Hogs and Pigs report on March 26, which will provide an indication of producer responses to moderating feed prices and improved hog prices. The turkey production forecast is reduced. Relatively weak turkey prices in 2009 reduced incentives to expand production and hatchery data continues to point to lower production in 2010. Broiler production is forecast higher as hatchery and slaughter data point to larger production in the first quarter. Export forecasts are unchanged from last month for the major meats. Although the recent resolution of pork sanitary issues will permit exports to Russia, exports to that market will be limited by import quotas. Cattle, hog, and poultry price forecasts are raised for 2010 as tighter meat supplies are forecast this month. The milk production forecast is raised for 2010 with milk production expected to be fractionally above 2009. Cow slaughter is relatively low and January milk cow numbers were higher than expected. The pace of herd reduction is slowed from last month. Dairy exports on both a fat and skim-solids basis for 2010 are lowered, due to slightly weaker-than-expected international demand during the early part of the year. Imports for 2009 are adjusted to reflect December trade. Fat and skim-solids ending stocks are forecast higher for 2010 as production is increased and exports are reduced. Cheese prices are reduced as higher stocks are expected to pressure prices. Butter price forecasts are raised slightly on the strength of current demand although higher milk supplies and weaker cheese prices may encourage higher butter production pressuring prices later in the year. Nonfat dry milk (NDM) prices are forecast lower as export demand lags. Whey prices are raised slightly reflecting recent market strength. The Class III price is reduced as weaker cheese prices more than outweigh gains in whey prices. The Class IV price forecast is lowered reflecting weaker NDM prices which more than offset higher butter prices. The all milk price for 2010 is forecast at $15.55 to $16.15 per cwt. COTTON: The U.S. cotton estimates for 2009/10 include higher domestic mill use and lower ending stocks this month. Production and exports are unchanged. Domestic mill use is raised 100,000 bales to 3.5 million, reflecting higher consumption in the months of November through January. Ending stocks are forecast at 3.2 million bales, 20.6 percent of total use. The range for the marketing-year average price received by producers is raised 1.5 cents on the lower end and 0.5 cents on the higher end to 60.5 to 65.5 cents per pound. A combination of slightly lower production and slightly higher consumption is reducing forecast world cotton 2009/10 ending stocks from last month. Production is reduced for China and Uzbekistan, but raised for Brazil and Turkmenistan. Consumption estimates are raised for Turkey, Vietnam, and the United States, partially offset by a reduction for Pakistan, which is based on a recent policy change to limit yarn exports. World trade is raised 2 percent, reflecting higher imports by China, Turkey, and Vietnam, which more than offset a decrease for Pakistan. World stocks are reduced nearly 700,000 bales, a decline of just over 1 percent from last month. 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: KATHLEEN A.MERRIGAN ACTING SECRETARY OF AGRICULTURE New WASDE Report Formats Available USDA is introducing two new formats for the World Agricultural Supply and Demand Estimates (WASDE) report. USDA will post XML and Microsoft Excel file versions of the report by 12:00 noon following the regular 8:30 a.m. EST release of the report in TXT and PDF file formats. The new file versions will be posted at: http://www.usda.gov/oce/commodity/wasde/newformat.htm. There will be no change in layout or page numbers. Beginning on July 9, 2010, the WASDE report will be released in four formats (TXT, PDF, XML, and Microsoft Excel) at 8:30 a.m. EST on the OCE Website. On October 8, 2010, USDA will discontinue issuing the TXT file version. For further information, please contact Hunter Colby at 202-690-2477 (hcolby@oce.usda.gov). Electronic Access an d Subscriptions 40 WASDE-480-8 March 2010 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/ : 2007/08 : 2,122.99 2,466.53 275.59 2,101.37 365.16 2008/09 (Est.) : 2,234.58 2,599.74 284.30 2,152.38 447.35 2009/10 (Proj.) : February : 2,209.20 2,656.12 265.40 2,188.49 467.63 March : 2,218.46 2,665.82 266.22 2,192.97 472.85 Wheat : 2007/08 : 610.42 740.20 117.20 616.93 123.27 2008/09 (Est.) : 682.65 805.92 142.96 640.35 165.57 2009/10 (Proj.) : February : 677.44 841.45 123.80 645.60 195.86 March : 678.01 843.58 125.05 646.80 196.77 Coarse grains 4/ : 2007/08 : 1,078.47 1,217.14 127.13 1,056.20 160.94 2008/09 (Est.) : 1,104.51 1,265.44 112.61 1,074.88 190.56 2009/10 (Proj.) : February : 1,095.48 1,285.04 110.55 1,105.77 179.27 March : 1,100.18 1,290.74 110.61 1,105.59 185.15 Rice, milled : 2007/08 : 434.09 509.19 31.26 428.24 80.95 2008/09 (Est.) : 447.42 528.37 28.72 437.15 91.22 2009/10 (Proj.) : February : 436.28 529.62 31.05 437.12 92.50 March : 440.28 531.50 30.56 440.57 90.93 : : United States Total grains 3/ : 2007/08 : 412.03 469.15 107.61 307.23 54.32 2008/09 (Est.) : 400.40 461.84 81.80 314.14 65.90 2009/10 (Proj.) : February : 417.60 489.86 80.46 333.01 76.39 March : 417.08 489.23 77.88 332.47 78.88 Wheat : 2007/08 : 55.82 71.30 34.36 28.61 8.32 2008/09 (Est.) : 68.02 79.80 27.64 34.29 17.87 2009/10 (Proj.) : February : 60.31 81.31 22.45 32.17 26.69 March : 60.31 81.31 22.45 31.62 27.23 Coarse grains 4/ : 2007/08 : 349.86 389.48 69.89 274.53 45.06 2008/09 (Est.) : 325.87 373.98 51.17 275.75 47.06 2009/10 (Proj.) : February : 350.26 399.88 54.78 296.67 48.43 March : 349.74 399.25 52.23 296.68 50.34 Rice, milled : 2007/08 : 6.34 8.37 3.35 4.08 0.94 2008/09 (Est.) : 6.52 8.07 2.99 4.10 0.97 2009/10 (Proj.) : February : 7.03 8.67 3.23 4.17 1.27 March : 7.03 8.67 3.20 4.17 1.31 =============================================================================== 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-480-9 March 2010 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/ : 2007/08 : 1,710.96 1,997.37 167.99 1,794.15 310.83 2008/09 (Est.) : 1,834.18 2,137.90 202.50 1,838.25 381.45 2009/10 (Proj.) : February : 1,791.60 2,166.26 184.94 1,855.48 391.24 March : 1,801.38 2,176.58 188.34 1,860.49 393.97 Wheat : 2007/08 : 554.60 668.90 82.83 588.32 114.95 2008/09 (Est.) : 614.64 726.13 115.33 606.06 147.71 2009/10 (Proj.) : February : 617.13 760.14 101.35 613.43 169.17 March : 617.69 762.27 102.60 615.18 169.54 Coarse grains 5/ : 2007/08 : 728.61 827.65 57.24 781.67 115.88 2008/09 (Est.) : 778.64 891.46 61.44 799.13 143.50 2009/10 (Proj.) : February : 745.23 885.16 55.78 809.10 130.84 March : 750.44 891.49 58.38 808.91 134.81 Rice, milled : 2007/08 : 427.75 500.82 27.92 424.16 80.01 2008/09 (Est.) : 440.91 520.31 25.73 433.05 90.24 2009/10 (Proj.) : February : 429.25 520.95 27.82 432.96 91.23 March : 433.25 522.83 27.36 436.40 89.62 =============================================================================== 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 2007/08 : 119.91 183.04 38.47 122.97 62.66 2008/09 (Est.) : 107.45 170.11 30.18 110.11 62.42 2009/10 (Proj.) : February : 102.74 165.16 33.77 115.53 52.08 March : 102.24 164.66 34.40 115.70 51.41 : United States 2007/08 : 19.21 28.70 13.65 4.59 10.04 2008/09 (Est.) : 12.82 22.86 13.28 3.59 6.34 2009/10 (Proj.) : February : 12.40 18.74 12.00 3.40 3.30 March : 12.40 18.74 12.00 3.50 3.20 : Foreign 3/ 2007/08 : 100.70 154.34 24.82 118.38 52.61 2008/09 (Est.) : 94.64 147.25 16.90 106.52 56.08 2009/10 (Proj.) : February : 90.34 146.42 21.77 112.13 48.78 March : 89.84 145.92 22.40 112.20 48.21 =============================================================================== 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-480-10 March 2010 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 : 2007/08 : 391.79 465.06 92.57 338.84 61.67 2008/09 (Est.) : 395.57 457.24 94.19 339.43 54.94 2009/10 (Proj.) : February : 433.73 487.98 96.26 350.84 70.95 March : 435.30 490.23 96.25 352.25 71.80 Oilmeals : 2007/08 : 231.15 238.94 71.24 229.29 7.46 2008/09 (Est.) : 229.31 236.77 68.28 228.80 6.46 2009/10 (Proj.) : February : 239.11 246.35 71.37 237.00 7.05 March : 239.54 246.00 71.47 236.39 6.64 Vegetable Oils : 2007/08 : 128.06 138.96 53.63 125.08 10.58 2008/09 (Est.) : 132.99 143.56 55.65 128.90 12.86 2009/10 (Proj.) : February : 137.29 149.75 56.82 135.47 12.03 March : 138.57 151.43 57.07 135.94 13.07 : : United States Oilseeds : 2007/08 : 82.45 100.74 33.05 53.50 6.91 2008/09 (Est.) : 89.20 97.41 35.80 49.35 5.62 2009/10 (Proj.) : February : 98.98 105.57 39.04 50.59 7.07 March : 98.93 105.62 39.56 50.82 6.53 Oilmeals : 2007/08 : 40.90 43.27 8.71 34.22 0.33 2008/09 (Est.) : 37.77 39.95 7.95 31.75 0.25 2009/10 (Proj.) : February : 38.99 41.27 9.38 31.56 0.33 March : 38.97 41.01 9.50 31.17 0.33 Vegetable Oils : 2007/08 : 10.53 15.38 1.68 12.23 1.46 2008/09 (Est.) : 9.65 14.34 1.46 11.20 1.68 2009/10 (Proj.) : February : 9.76 14.70 1.84 11.47 1.39 March : 9.80 14.58 1.78 11.22 1.58 : : Foreign 3/ Oilseeds : 2007/08 : 309.34 364.32 59.53 285.35 54.76 2008/09 (Est.) : 306.37 359.84 58.39 290.08 49.32 2009/10 (Proj.) : February : 334.74 382.42 57.22 300.25 63.88 March : 336.37 384.61 56.69 301.44 65.27 Oilmeals : 2007/08 : 190.25 195.67 62.53 195.07 7.12 2008/09 (Est.) : 191.54 196.82 60.33 197.04 6.21 2009/10 (Proj.) : February : 200.12 205.08 62.00 205.44 6.71 March : 200.57 204.99 61.97 205.22 6.30 Vegetable Oils : 2007/08 : 117.54 123.59 51.95 112.84 9.11 2008/09 (Est.) : 123.34 129.22 54.19 117.69 11.18 2009/10 (Proj.) : February : 127.53 135.05 54.98 123.99 10.64 March : 128.77 136.85 55.29 124.71 11.50 =============================================================================== 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-480-11 March 2010 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2009/10 Projections Item : 2007/08 : 2008/09 :============================== : : Est. : February March =============================================================================== Area : Million acres Planted : 60.5 63.2 59.1 59.1 Harvested : 51.0 55.7 49.9 49.9 Yield per harvested : Bushels acre : 40.2 44.9 44.4 44.4 : Million bushels Beginning stocks : 456 306 657 657 Production : 2,051 2,499 2,216 2,216 Imports : 113 127 115 115 Supply, total : 2,620 2,932 2,988 2,988 Food : 948 927 940 920 Seed : 88 75 72 72 Feed and residual : 16 258 170 170 Domestic, total : 1,051 1,260 1,182 1,162 Exports : 1,263 1,015 825 825 Use, total : 2,314 2,275 2,007 1,987 Ending stocks : 306 657 981 1,001 CCC inventory : 0 0 0 0 Free stocks : 306 657 981 1,001 Outstanding loans : 1 27 30 30 Avg. farm price ($/bu) 2/ : 6.48 6.78 4.75- 4.95 4.80- 5.00 =============================================================================== U.S. Wheat by Class: Supply and Use =============================================================================== Year beginning : Hard : Hard : Soft : : : June 1 : Winter : Spring : Red : White : Durum : Total =============================================================================== 2008/09 (estimated) : Million bushels Beginning stocks : 138 68 55 37 8 306 Production : 1,035 512 614 255 84 2,499 Supply, total 3/ : 1,174 625 702 300 130 2,932 Domestic use : 472 273 332 100 81 1,260 Exports : 447 210 199 136 24 1,015 Use, total : 919 483 531 236 105 2,275 Ending stocks, total : 254 142 171 64 25 657 : 2009/10 (projected) : Beginning stocks : 254 142 171 64 25 657 Production : 919 548 404 237 109 2,216 Supply, total 3/ : 1,174 730 599 311 174 2,988 Domestic use : 434 258 287 99 84 1,162 Exports : 320 195 105 160 45 825 Use, total : 754 453 392 259 129 1,987 Ending stocks, total : March : 420 277 207 52 45 1,001 February : 421 272 203 40 45 981 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. WASDE-480-12 March 2010 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2009/10 Projections Item : 2007/08 : 2008/09 :============================== : : Est. : February March =============================================================================== FEED GRAINS : Area : Million acres Planted : 109.0 101.8 100.1 100.1 Harvested : 98.3 91.0 89.6 89.6 Yield per harvested : Metric tons acre : 3.56 3.58 3.91 3.90 : Million metric tons Beginning stocks : 36.2 45.1 47.0 47.0 Production : 349.7 325.7 350.1 349.6 Imports : 3.3 3.0 2.4 2.3 Supply, total : 389.1 373.7 399.6 398.9 Feed and residual : 157.1 142.5 147.9 147.9 Food, seed & industrial : 117.1 133.0 148.4 148.4 Domestic, total : 274.2 275.5 296.4 296.4 Exports : 69.9 51.2 54.8 52.2 Use, total : 344.1 326.6 351.1 348.6 Ending stocks, total : 45.1 47.0 48.4 50.3 CCC inventory : 0.0 0.0 0.0 0.0 Free stocks : 45.1 47.0 48.4 50.3 Outstanding loans : 2.7 4.4 5.8 4.5 : CORN : Area : Million acres Planted : 93.5 86.0 86.5 86.5 Harvested : 86.5 78.6 79.6 79.6 Yield per harvested : Bushels acre : 150.7 153.9 165.2 164.9 : Million bushels Beginning stocks : 1,304 1,624 1,673 1,673 Production : 13,038 12,092 13,151 13,131 Imports : 20 14 10 10 Supply, total : 14,362 13,729 14,834 14,814 Feed and residual : 5,913 5,246 5,550 5,550 Food, seed & industrial : 4,387 4,953 5,565 5,565 Ethanol for fuel 2/ : 3,049 3,677 4,300 4,300 Domestic, total : 10,300 10,198 11,115 11,115 Exports : 2,437 1,858 2,000 1,900 Use, total : 12,737 12,056 13,115 13,015 Ending stocks, total : 1,624 1,673 1,719 1,799 CCC inventory : 0 0 0 0 Free stocks : 1,624 1,673 1,719 1,799 Outstanding loans : 106 171 225 175 Avg. farm price ($/bu) 3/ : 4.20 4.06 3.45- 3.95 3.45- 3.75 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further breakout of FSI corn uses including ethanol, see the ERS Feed Outlook table 5, or Feed Grains Database at "www.ers.usda.gov/db/feedgrains." 3/ Marketing-year weighted average price received by farmers. WASDE-480-13 March 2010 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2009/10 Projections Item : 2007/08 : 2008/09 :============================== : : Est. : February March =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 7.7 8.3 6.6 6.6 Area harv. (mil. acres) : 6.8 7.3 5.5 5.5 Yield (bushels/acre) : 73.2 65.0 69.4 69.4 Beginning stocks : 32 53 55 55 Production : 497 472 383 383 Imports : 0 0 0 0 Supply, total : 530 525 438 438 Feed and residual : 165 232 150 150 Food, seed & industrial : 35 95 90 90 Total domestic : 200 327 240 240 Exports : 277 143 150 150 Use, total : 477 471 390 390 Ending stocks, total : 53 55 48 48 Avg. farm price ($/bu) 2/ : 4.08 3.20 3.10- 3.50 3.05- 3.35 : BARLEY : Area planted (mil. acres) : 4.0 4.2 3.6 3.6 Area harv. (mil. acres) : 3.5 3.8 3.1 3.1 Yield (bushels/acre) : 60.0 63.6 73.0 73.0 Beginning stocks : 69 68 89 89 Production : 210 240 227 227 Imports : 29 29 25 20 Supply, total : 308 337 341 336 Feed and residual : 30 67 50 50 Food, seed & industrial : 169 169 170 170 Total domestic : 199 236 220 220 Exports : 41 13 5 5 Use, total : 240 249 225 225 Ending stocks, total : 68 89 116 111 Avg. farm price ($/bu) 2/ : 4.02 5.37 4.25- 4.55 4.40- 4.60 : OATS : Area planted (mil. acres) : 3.8 3.2 3.4 3.4 Area harv. (mil. acres) : 1.5 1.4 1.4 1.4 Yield (bushels/acre) : 60.1 63.7 67.5 67.5 Beginning stocks : 51 67 84 84 Production : 90 89 93 93 Imports : 123 115 95 95 Supply, total : 264 270 272 272 Feed and residual : 120 109 125 125 Food, seed & industrial : 74 74 75 75 Total domestic : 195 183 200 200 Exports : 3 3 3 3 Use, total : 198 186 203 203 Ending stocks, total : 67 84 69 69 Avg. farm price ($/bu) 2/ : 2.63 3.15 2.00- 2.20 1.95- 2.05 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum, June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. WASDE-480-14 March 2010 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2009/10 Projections Item : 2007/08 : 2008/09 :============================== : : Est. : February March =============================================================================== TOTAL : Area : Million acres Planted : 2.76 3.00 3.14 3.14 Harvested : 2.75 2.98 3.10 3.10 Yield per harvested : Pounds acre : 7,219 6,846 7,085 7,085 : : Million hundredweight Beginning stocks 2/ : 39.3 29.4 30.4 30.4 Production : 198.4 203.7 219.9 219.9 Imports : 23.9 19.2 21.0 21.0 Supply, total : 261.6 252.4 271.3 271.3 Domestic & residual 3/ : 127.4 128.4 130.5 130.5 Exports, total 4/ : 104.7 93.6 101.0 100.0 Rough : 37.7 31.1 37.0 39.0 Milled (rough equiv.) : 67.1 62.5 64.0 61.0 Use, total : 232.2 222.0 231.5 230.5 Ending stocks : 29.4 30.4 39.8 40.8 Avg. milling yield (%) 5/ : 70.5 70.5 70.5 70.5 Avg. farm price ($/cwt) 6/ : 12.80 16.80 14.05-14.55 13.90-14.40 : LONG GRAIN : Harvested acres (mil.) : 2.05 2.35 2.27 2.27 Yield (pounds/acre) : 6,980 6,522 6,743 6,743 Beginning stocks : 28.5 19.0 20.1 20.1 Production : 143.2 153.3 152.7 152.7 Supply, total 7/ : 189.4 188.2 190.8 190.8 Domestic & Residual 3/ : 91.3 103.0 99.5 99.5 Exports 8/ : 79.1 65.1 70.0 69.0 Use, total : 170.4 168.1 169.5 168.5 Ending stocks : 19.0 20.1 21.3 22.3 Avg. farm price ($/cwt) 6/ : 12.40 14.90 12.90-13.40 12.70-13.20 : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.70 0.63 0.84 0.84 Yield (pounds/acre) : 7,924 8,063 8,010 8,010 Beginning stocks : 10.0 9.1 8.0 8.0 Production : 55.2 50.5 67.1 67.1 Supply, total 7/ : 70.8 61.9 78.1 78.1 Domestic & Residual 3/ : 36.1 25.3 31.0 31.0 Exports 8/ : 25.7 28.5 31.0 31.0 Use, total : 61.8 53.9 62.0 62.0 Ending stocks : 9.1 8.0 16.1 16.1 Avg. farm price ($/cwt) 6/ : 14.60 24.80 17.50-18.00 17.45-17.95 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2007/08-0.8; 2008/09-1.3; 2009/10-2.4. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. WASDE-480-15 March 2010 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2009/10 Projections Item : 2007/08 : 2008/09 :=============================== : : Est. : February March =============================================================================== SOYBEANS: : Million acres Area : Planted : 64.7 75.7 77.5 77.5 Harvested : 64.1 74.7 76.4 76.4 : : Bushels Yield per harvested : acre : 41.7 39.7 44.0 44.0 : : Million bushels : Beginning stocks : 574 205 138 138 Production : 2,677 2,967 3,361 3,359 Imports : 10 13 8 15 Supply, total : 3,261 3,185 3,507 3,512 Crushings : 1,803 1,662 1,720 1,730 Exports : 1,159 1,283 1,400 1,420 Seed 3/ : 89 90 94 89 Residual : 5 12 83 83 Use, total : 3,056 3,047 3,297 3,322 Ending stocks : 205 138 210 190 Avg. farm price ($/bu) 2/ : 10.10 9.97 8.70-10.20 8.95 - 9.95 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 3,085 2,485 2,742 2,742 Production : 20,580 18,746 19,160 19,270 Imports : 65 90 75 75 Supply, total : 23,730 21,321 21,977 22,087 Domestic : 18,335 16,385 16,500 16,200 For methyl ester : 3,245 1,907 2,200 2,200 Exports : 2,911 2,193 3,250 3,250 Use, total : 21,246 18,578 19,750 19,450 Ending stocks : 2,485 2,742 2,227 2,637 Average price (c/lb) 2/ : 52.03 32.16 33.50- 33.50- : 36.50 36.50 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 343 294 235 235 Production : 42,284 39,104 40,525 40,525 Imports : 141 88 140 140 Supply, total : 42,768 39,486 40,900 40,900 Domestic : 33,232 30,743 30,600 30,400 Exports : 9,242 8,508 10,000 10,200 Use, total : 42,474 39,251 40,600 40,600 Ending stocks : 294 235 300 300 Average price ($/s.t.) 2/ : 335.94 331.17 270.00- 280.00- : 320.00 310.00 =============================================================================== 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/ Seed use estimates are revised based on average row width estimates. WASDE-480-16 March 2010 U.S. Sugar Supply and Use 1/ ====================================================================== : : : 2009/10 Projections Item : 2007/08 : 2008/09 :======================= : : Est. : February March ====================================================================== : 1,000 short tons, raw value : Beginning stocks : 1,799 1,660 1,451 1,451 Production 2/ : 8,152 7,484 7,972 7,942 Beet sugar : 4,721 4,166 4,500 4,500 Cane sugar : 3,431 3,318 3,472 3,442 Florida : 1,645 1,577 1,665 1,665 Hawaii : 182 192 137 137 Louisiana : 1,446 1,397 1,500 1,500 Texas : 158 152 170 140 Imports : 2,620 3,082 2,157 2,157 TRQ 3/ : 1,354 1,370 1,257 1,257 Other program 4/ : 565 308 350 350 Other 5/ : 701 1,404 550 550 Mexico : 694 1,402 540 540 Total supply : 12,571 12,226 11,580 11,550 : Exports : 203 137 150 150 Deliveries : 10,708 10,638 10,375 10,325 Food 6/ : 10,506 10,479 10,140 10,140 Other 7/ : 202 159 235 185 Miscellaneous : 0 0 0 0 Total use : 10,911 10,775 10,525 10,475 Ending stocks : 1,660 1,451 1,055 1,075 : Stocks to use ratio : 15.2 13.5 10.0 10.3 ====================================================================== 1/ Fiscal years beginning Oct 1. Includes Puerto Rico. Historical data are from FSA, "Sweetener Market Data" (SMD) except imports (U.S. Customs Service, Census Bureau). 2/ Production projections for 2009/10 are based on Crop Production and trend recovery rates. 3/ For 2009/10, includes shortfall of 200,000 tons. 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2009/10, other high-tier (10) and other (0). 6/Combines SMD deliveries for domestic human food use, SMD miscellaneous uses, and the difference between SMD imports and WASDE imports. 7/ Transfers to sugar- containing products for reexport, and for nonedible alcohol and feed. Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/ ========================================================================== : Supply : Use : Fiscal :====================================================: Ending year : Beginning : Production: Imports : Domestic: Exports: stocks : stocks : : : 2/ : : ========================================================================== 1,000 metric tons, raw value Sugar 2008/09 est. Feb 1,975 5,260 160 5,540 1,367 488 Mar 1,975 5,260 160 5,540 1,367 488 2009/10 proj. Feb 488 5,100 720 5,300 490 518 Mar 488 4,900 970 5,000 490 868` ========================================================================== 1/ U.S. HFCS exports to Mexico (metric tons, dry-weight basis): Oct-Dec 2008 = 86,295; Oct-Dec 2009 = 208,980; Oct-Sep 2008/09 = 297,231. Footnote source: U.S. Census Bureau. 2/Includes domestic consumption and Mexico's products export program (IMMEX). WASDE-480-17 March 2010 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2009/10 Projections Item : 2007/08 : 2008/09 :=============================== : : Est. : February March =============================================================================== : Million acres Area : Planted : 10.83 9.47 9.15 9.15 Harvested : 10.49 7.57 7.69 7.69 : : Pounds Yield per harvested : acre : 879 813 774 774 : : Million 480 pound bales : Beginning stocks 2/ : 9.48 10.04 6.34 6.34 Production : 19.21 12.82 12.40 12.40 Imports : 0.01 0.00 0.01 0.01 Supply, total : 28.70 22.86 18.74 18.74 Domestic use : 4.59 3.59 3.40 3.50 Exports : 13.65 13.28 12.00 12.00 Use, total : 18.24 16.86 15.40 15.50 Unaccounted 3/ : 0.41 -0.34 0.04 0.04 Ending stocks : 10.04 6.34 3.30 3.20 : Avg. farm price 4/ : 59.3 47.8 59.0-65.0 60.5-65.5 =============================================================================== Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Based on Bureau of Census data. 3/ Reflects the difference between the previous season's supply less total use and ending stocks based on Bureau of Census data. 4/ Cents per pound for upland cotton. =============================================================================== WASDE-480-18 March 2010 World Wheat Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2007/08 : World 3/ : 129.77 610.42 113.46 96.27 616.93 117.20 123.27 United States : 12.41 55.82 3.07 0.43 28.61 34.36 8.32 Total foreign : 117.36 554.60 110.39 95.83 588.32 82.83 114.95 Major exporters 4/ : 26.26 171.76 7.47 58.18 134.95 47.07 23.47 Argentina : 1.37 18.00 0.02 0.08 5.13 11.19 3.07 Australia : 3.95 13.57 0.12 3.50 6.50 7.49 3.65 Canada : 6.87 20.05 0.39 2.17 6.79 16.12 4.41 EU-27 5/ : 14.08 120.13 6.94 52.44 116.54 12.27 12.34 Major importers 6/ : 62.16 175.27 59.11 10.76 226.02 8.72 61.81 Brazil : 0.98 3.83 6.71 0.10 10.30 0.77 0.45 China : 38.45 109.30 0.05 8.00 106.00 2.84 38.96 Select. Mideast 7/ : 6.73 20.40 9.33 1.15 29.26 0.56 6.64 N. Africa 8/ : 9.75 13.95 21.73 0.25 36.04 0.26 9.13 Pakistan : 1.99 23.30 1.49 0.40 22.40 2.20 2.18 Southeast Asia 9/ : 2.61 0.00 10.96 0.46 10.52 0.50 2.55 Selected other : India : 4.50 75.81 1.96 0.20 76.42 0.05 5.80 FSU-12 : 11.29 92.49 6.02 23.48 74.95 22.21 12.65 Russia : 4.23 49.40 0.44 15.00 37.65 12.55 3.87 Kazakhstan : 1.65 16.45 0.04 2.70 7.50 8.18 2.46 Ukraine : 1.38 13.90 0.33 3.00 12.30 1.24 2.07 : : 2008/09 (Estimated) : World 3/ : 123.27 682.65 136.24 112.70 640.35 142.96 165.57 United States : 8.32 68.02 3.46 7.03 34.29 27.64 17.87 Total foreign : 114.95 614.64 132.78 105.67 606.06 115.33 147.71 Major exporters 4/ : 23.47 209.63 8.27 68.04 147.36 65.54 28.47 Argentina : 3.07 9.00 0.03 0.08 4.98 6.69 0.43 Australia : 3.65 20.94 0.13 3.75 6.85 14.72 3.14 Canada : 4.41 28.61 0.38 3.21 8.03 18.81 6.56 EU-27 5/ : 12.34 151.08 7.74 61.00 127.50 25.32 18.35 Major importers 6/ : 61.81 172.69 73.90 9.22 228.68 6.26 73.46 Brazil : 0.45 5.88 6.00 0.20 10.70 0.40 1.23 China : 38.96 112.46 0.48 5.00 102.50 0.72 48.69 Select. Mideast 7/ : 6.64 13.38 20.37 1.55 31.77 0.71 7.90 N. Africa 8/ : 9.13 14.59 23.47 0.25 37.35 0.23 9.60 Pakistan : 2.18 21.50 3.13 0.40 22.80 2.10 1.91 Southeast Asia 9/ : 2.55 0.00 11.96 1.42 11.66 0.42 2.43 Selected other : India : 5.80 78.57 0.01 0.10 70.77 0.10 13.51 FSU-12 : 12.65 115.46 6.54 24.88 76.65 37.66 20.35 Russia : 3.87 63.70 0.20 16.20 38.90 18.39 10.48 Kazakhstan : 2.46 12.55 0.12 2.70 7.53 5.70 1.90 Ukraine : 2.07 25.90 0.07 2.90 11.90 13.04 3.11 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, 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-480-19 March 2010 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: =============================================================================== : : 2009/10 (Projected) World 3/ : February : 164.01 677.44 122.57 111.51 645.60 123.80 195.86 March : 165.57 678.01 124.20 112.36 646.80 125.05 196.77 United States : February : 17.87 60.31 3.13 4.63 32.17 22.45 26.69 March : 17.87 60.31 3.13 4.63 31.62 22.45 27.23 Total foreign : February : 146.15 617.13 119.44 106.88 613.43 101.35 169.17 March : 147.71 617.69 121.07 107.73 615.18 102.60 169.54 Major exporters 4/ : February : 28.47 196.22 7.01 66.28 147.18 56.00 28.51 March : 28.47 196.74 7.01 66.28 147.18 56.50 28.54 Argentina Feb : 0.43 9.00 0.01 0.08 4.98 3.50 0.95 Mar : 0.43 9.60 0.01 0.08 4.98 4.00 1.05 Australia Feb : 3.14 22.50 0.10 4.00 7.10 15.00 3.64 Mar : 3.14 22.50 0.10 4.00 7.10 15.00 3.64 Canada Feb : 6.56 26.50 0.40 3.20 8.10 18.50 6.86 Mar : 6.56 26.50 0.40 3.20 8.10 18.50 6.86 EU-27 5/ Feb : 18.35 138.22 6.50 59.00 127.00 19.00 17.06 Mar : 18.35 138.14 6.50 59.00 127.00 19.00 16.99 Major importers 6/ : February : 73.56 182.86 64.55 9.78 230.25 4.75 85.98 March : 73.46 182.60 64.95 10.48 231.19 5.00 84.82 Brazil Feb : 1.23 4.80 6.50 0.70 11.40 0.40 0.73 Mar : 1.23 4.80 6.50 0.50 11.20 0.60 0.73 China Feb : 48.69 114.50 0.60 5.00 102.00 1.00 60.79 Mar : 48.69 114.50 0.80 6.00 103.00 1.00 59.99 Sel. Mideast 7/Feb : 8.01 15.03 17.45 1.62 31.42 0.66 8.41 Mar : 7.90 14.76 17.65 1.42 31.35 0.66 8.30 N. Africa 8/ Feb : 9.60 19.40 19.05 0.25 38.33 0.24 9.49 Mar : 9.60 19.40 19.05 0.25 38.53 0.24 9.29 Pakistan Feb : 1.91 24.00 0.50 0.40 23.30 0.50 2.61 Mar : 1.91 24.00 0.50 0.40 23.30 0.50 2.61 SE Asia 9/ Feb : 2.43 0.00 12.05 1.41 11.81 0.33 2.35 Mar : 2.43 0.00 12.25 1.51 12.01 0.38 2.30 Selected other : India Feb : 13.51 80.58 0.10 0.10 76.12 0.05 18.02 Mar : 13.51 80.68 0.20 0.10 76.93 0.25 17.21 FSU-12 Feb : 18.51 113.67 5.50 26.53 79.50 35.03 23.16 Mar : 20.35 113.83 5.50 26.38 79.38 35.13 25.17 Russia Feb : 8.43 61.70 0.20 18.00 41.20 18.00 11.13 Mar : 10.48 61.70 0.20 18.00 41.20 18.00 13.18 Kazakhstan Feb : 1.90 17.00 0.05 2.70 7.55 7.50 3.90 Mar : 1.90 17.00 0.05 2.70 7.55 7.50 3.90 Ukraine Feb : 3.11 20.90 0.10 2.80 12.10 9.00 3.01 Mar : 3.11 20.90 0.10 2.80 12.10 9.00 3.01 =============================================================================== 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-480-20 March 2010 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: =============================================================================== : : 2007/08 : World 3/ : 138.67 1078.47 126.70 655.38 1056.20 127.13 160.94 United States : 36.17 349.86 3.45 157.23 274.53 69.89 45.06 Total foreign : 102.49 728.61 123.25 498.14 781.67 57.24 115.88 Major exporters 4/ : 8.59 81.40 3.55 35.18 50.59 30.14 12.81 Argentina : 2.10 26.97 0.13 6.74 9.40 16.93 2.87 Australia : 1.21 12.90 0.03 5.67 7.02 4.44 2.67 Canada : 3.50 27.84 3.25 18.44 24.02 6.57 4.01 Major importers 5/ : 35.89 216.99 97.81 237.27 310.65 5.41 34.63 EU-27 6/ : 15.14 136.12 20.29 118.90 154.16 4.63 12.77 Japan : 1.76 0.20 19.21 14.55 19.46 0.00 1.71 Mexico : 3.53 30.58 10.98 23.62 40.24 0.11 4.74 N. Afr & Mideast 7/: 8.24 24.98 19.61 39.16 46.10 0.03 6.70 Saudi Arabia : 2.66 0.34 9.37 9.43 9.66 0.00 2.71 Southeast Asia 8/ : 2.56 24.37 4.31 20.00 27.41 0.65 3.19 South Korea : 1.32 0.35 9.36 7.10 8.95 0.00 2.08 Selected other : Brazil : 3.77 61.34 0.97 38.18 45.28 7.94 12.87 China : 38.03 159.10 1.16 105.82 157.01 0.85 40.43 FSU-12 : 4.98 54.05 1.00 34.86 50.50 5.26 4.27 Russia : 1.67 29.33 0.55 18.73 28.88 1.22 1.44 Ukraine : 1.97 14.59 0.03 8.74 11.84 3.14 1.61 : : 2008/09 (Estimated) : World 3/ : 160.94 1104.51 110.11 646.42 1074.88 112.61 190.56 United States : 45.06 325.87 3.05 142.53 275.75 51.17 47.06 Total foreign : 115.88 778.64 107.06 503.89 799.13 61.44 143.50 Major exporters 4/ : 12.81 70.84 2.19 32.36 48.59 22.76 14.49 Argentina : 2.87 18.62 0.13 5.91 8.47 12.22 0.93 Australia : 2.67 11.97 0.00 5.34 6.70 4.62 3.33 Canada : 4.01 27.17 1.90 16.66 22.85 3.87 6.36 Major importers 5/ : 34.63 242.65 82.36 233.95 311.23 6.65 41.76 EU-27 6/ : 12.77 161.58 3.41 113.90 152.10 5.55 20.10 Japan : 1.71 0.22 19.61 14.80 19.71 0.00 1.83 Mexico : 4.74 31.49 10.47 25.24 42.06 0.16 4.47 N. Afr & Mideast 7/: 6.70 24.19 23.12 39.13 46.34 0.16 7.52 Saudi Arabia : 2.71 0.34 9.09 9.43 9.66 0.01 2.47 Southeast Asia 8/ : 3.19 24.43 4.75 20.46 28.37 0.77 3.23 South Korea : 2.08 0.36 7.25 6.41 8.20 0.00 1.49 Selected other : Brazil : 12.87 53.62 1.60 39.25 47.48 7.01 13.60 China : 40.43 172.66 1.65 110.83 160.32 0.22 54.19 FSU-12 : 4.27 78.46 0.56 40.84 57.69 17.05 8.56 Russia : 1.44 40.70 0.16 21.75 32.65 4.79 4.85 Ukraine : 1.61 26.22 0.03 10.10 13.72 11.88 2.26 =============================================================================== 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-480-21 March 2010 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: =============================================================================== : : 2009/10 (Projected) World 3/ : February : 189.56 1095.48 107.94 661.07 1105.77 110.55 179.27 March : 190.56 1100.18 108.08 661.63 1105.59 110.61 185.15 United States : February : 47.06 350.26 2.56 148.01 296.67 54.78 48.43 March : 47.06 349.74 2.45 148.01 296.68 52.23 50.34 Total foreign : February : 142.50 745.23 105.38 513.06 809.10 55.78 130.84 March : 143.50 750.44 105.63 513.61 808.91 58.38 134.81 Major exporters 4/ : February : 13.49 68.87 2.23 33.05 49.84 21.53 13.22 March : 14.49 74.52 2.23 33.45 50.24 24.73 16.27 Argentina Feb : 0.42 22.67 0.03 7.36 10.07 11.41 1.64 Mar : 0.93 26.57 0.03 7.86 10.47 13.61 3.45 Australia Feb : 3.33 11.82 0.00 5.32 6.79 4.96 3.40 Mar : 3.33 11.57 0.00 5.12 6.59 4.96 3.35 Canada Feb : 6.36 22.37 2.07 15.81 22.17 3.63 5.00 Mar : 6.36 22.37 2.07 15.81 22.17 3.63 5.00 Major importers 5/ : February : 41.86 237.16 80.48 235.39 314.56 4.97 39.97 March : 41.76 236.75 80.62 235.48 314.50 4.67 39.96 EU-27 6/ Feb : 20.10 152.58 2.78 114.10 153.21 3.28 18.98 Mar : 20.10 152.00 2.78 114.10 153.21 2.78 18.90 Japan Feb : 1.83 0.19 19.46 14.68 19.61 0.00 1.88 Mar : 1.83 0.19 19.46 14.68 19.61 0.00 1.88 Mexico Feb : 4.22 29.33 12.45 25.43 42.55 0.05 3.40 Mar : 4.47 29.05 12.40 25.43 42.45 0.15 3.32 N Afr/M.East 7/Feb : 7.83 29.21 19.16 39.92 47.38 0.76 8.07 Mar : 7.52 29.51 19.16 39.92 47.37 0.86 7.96 Saudi Arabia Feb : 2.47 0.34 9.81 9.83 10.08 0.00 2.53 Mar : 2.47 0.34 9.81 9.83 10.03 0.00 2.58 S.-east Asia 8/Feb : 3.24 25.06 4.53 20.76 28.86 0.89 3.08 Mar : 3.23 25.21 4.73 20.86 28.96 0.89 3.32 South Korea Feb : 1.49 0.35 7.57 6.05 8.03 0.00 1.38 Mar : 1.49 0.35 7.57 6.05 8.03 0.00 1.38 Selected other : Brazil Feb : 13.58 53.61 0.75 40.68 48.28 9.10 10.57 Mar : 13.60 53.61 0.75 40.68 48.28 8.11 11.58 China Feb : 54.13 162.00 1.64 116.68 167.57 0.57 49.62 Mar : 54.19 161.35 1.74 116.62 167.23 0.57 49.48 FSU-12 Feb : 8.51 67.44 0.55 39.32 55.80 14.15 6.56 Mar : 8.56 67.76 0.55 39.67 56.16 14.15 6.57 Russia Feb : 4.85 31.80 0.30 20.98 31.45 2.45 3.05 Mar : 4.85 31.80 0.30 20.98 31.45 2.45 3.05 Ukraine Feb : 2.26 24.12 0.02 10.00 13.59 11.02 1.79 Mar : 2.26 24.12 0.02 10.00 13.59 11.02 1.79 =============================================================================== 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-480-22 March 2010 World Corn Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2007/08 : World 3/ : 108.85 792.31 98.35 496.92 771.88 98.61 129.29 United States : 33.11 331.18 0.51 150.21 261.63 61.91 41.26 Total foreign : 75.74 461.14 97.84 346.71 510.25 36.70 88.04 Major exporters 4/ : 3.32 35.16 0.15 9.40 16.60 16.96 5.08 Argentina : 1.66 22.00 0.12 5.10 7.00 14.80 1.99 South Africa : 1.66 13.16 0.03 4.30 9.60 2.16 3.09 Major importers 5/ : 17.09 101.77 62.46 118.90 163.49 1.32 16.51 Egypt : 0.92 6.17 4.15 8.30 10.40 0.00 0.85 EU-27 6/ : 7.38 47.56 14.02 51.00 64.00 0.59 4.36 Japan : 1.15 0.00 16.61 12.00 16.60 0.00 1.16 Mexico : 3.08 23.60 9.56 16.20 32.00 0.11 4.13 Southeast Asia 7/ : 2.56 24.32 4.28 19.95 27.35 0.62 3.19 South Korea : 1.32 0.08 9.31 7.05 8.64 0.00 2.08 Selected other : Brazil : 3.59 58.60 0.68 36.00 42.50 7.79 12.58 Canada : 1.34 11.65 3.18 10.18 13.77 0.94 1.46 China : 36.60 152.30 0.04 105.00 149.00 0.55 39.39 FSU-12 : 1.73 13.89 0.62 11.26 13.00 2.13 1.11 Ukraine : 1.07 7.40 0.02 5.00 5.75 2.07 0.67 : : 2008/09 (Estimated) : World 3/ : 129.29 794.52 81.84 480.08 777.42 83.88 146.40 United States : 41.26 307.14 0.34 133.24 259.05 47.18 42.50 Total foreign : 88.04 487.38 81.49 346.84 518.36 36.70 103.89 Major exporters 4/ : 5.08 27.57 0.15 8.90 16.40 12.10 4.29 Argentina : 1.99 15.00 0.13 4.50 6.40 10.10 0.61 South Africa : 3.09 12.57 0.03 4.40 10.00 2.00 3.68 Major importers 5/ : 16.51 117.67 48.53 115.47 162.43 2.67 17.60 Egypt : 0.85 6.22 5.03 8.50 10.80 0.01 1.29 EU-27 6/ : 4.36 62.72 2.74 47.50 62.00 1.74 6.08 Japan : 1.16 0.00 16.53 11.80 16.40 0.00 1.30 Mexico : 4.13 24.23 7.76 16.40 32.40 0.16 3.56 Southeast Asia 7/ : 3.19 24.37 4.73 20.40 28.30 0.76 3.23 South Korea : 2.08 0.09 7.19 6.37 7.88 0.00 1.49 Selected other : Brazil : 12.58 51.00 1.20 37.00 44.50 7.00 13.28 Canada : 1.46 10.59 1.84 7.53 11.66 0.37 1.86 China : 39.39 165.90 0.05 110.00 152.00 0.17 53.17 FSU-12 : 1.11 21.67 0.32 12.70 14.53 6.86 1.71 Ukraine : 0.67 11.40 0.03 4.90 5.65 5.50 0.95 =============================================================================== 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-480-23 March 2010 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: =============================================================================== : : 2009/10 (Projected) World 3/ : February : 145.88 797.83 82.55 493.62 809.67 84.79 134.04 March : 146.40 803.69 82.75 493.97 809.93 85.45 140.15 United States : February : 42.50 334.05 0.25 140.98 282.33 50.80 43.67 March : 42.50 333.53 0.25 140.98 282.33 48.26 45.70 Total foreign : February : 103.38 463.78 82.30 352.65 527.34 33.99 90.37 March : 103.89 470.15 82.50 353.00 527.60 37.19 94.46 Major exporters 4/ : February : 3.39 28.70 0.05 9.70 17.30 11.00 3.84 March : 4.29 34.50 0.05 9.80 17.50 14.50 6.84 Argentina Feb : 0.21 17.20 0.03 5.20 7.10 9.50 0.84 Mar : 0.61 21.00 0.03 5.20 7.10 12.00 2.54 South Africa Feb : 3.18 11.50 0.03 4.50 10.20 1.50 3.01 Mar : 3.68 13.50 0.03 4.60 10.40 2.50 4.31 Major importers 5/ : February : 17.61 109.23 49.10 112.55 160.60 2.41 12.93 March : 17.60 109.38 49.30 112.65 160.70 2.51 13.07 Egypt Feb : 1.26 6.30 4.20 8.60 10.90 0.00 0.86 Mar : 1.29 6.30 4.20 8.60 10.90 0.00 0.89 EU-27 6/ Feb : 6.08 55.77 2.50 45.00 60.00 1.50 2.85 Mar : 6.08 55.77 2.50 45.00 60.00 1.50 2.85 Japan Feb : 1.30 0.00 16.30 11.70 16.30 0.00 1.30 Mar : 1.30 0.00 16.30 11.70 16.30 0.00 1.30 Mexico Feb : 3.56 22.00 9.50 16.00 32.20 0.05 2.81 Mar : 3.56 22.00 9.50 16.00 32.20 0.15 2.71 S.-east Asia 7/Feb : 3.24 25.00 4.50 20.70 28.80 0.86 3.08 Mar : 3.23 25.15 4.70 20.80 28.90 0.86 3.32 South Korea Feb : 1.49 0.09 7.50 6.00 7.70 0.00 1.38 Mar : 1.49 0.09 7.50 6.00 7.70 0.00 1.38 Selected other : Brazil Feb : 13.28 51.00 0.50 38.50 45.50 9.00 10.28 Mar : 13.28 51.00 0.50 38.50 45.50 8.00 11.28 Canada Feb : 1.86 9.56 2.00 7.50 11.80 0.30 1.32 Mar : 1.86 9.56 2.00 7.50 11.80 0.30 1.32 China Feb : 53.17 155.00 0.10 116.00 159.00 0.50 48.77 Mar : 53.17 155.00 0.10 116.00 159.00 0.50 48.77 FSU-12 Feb : 1.67 17.42 0.39 11.31 12.94 5.33 1.20 Mar : 1.71 17.76 0.39 11.63 13.27 5.33 1.26 Ukraine Feb : 0.95 10.50 0.01 4.90 5.65 5.00 0.81 Mar : 0.95 10.50 0.01 4.90 5.65 5.00 0.81 =============================================================================== 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-480-24 March 2010 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 : =============================================================================== : : 2007/08 World 3/ : 75.10 434.09 29.26 428.24 31.26 80.95 United States : 1.27 6.34 0.76 4.08 3.35 0.94 Total foreign : 73.83 427.75 28.50 424.16 27.92 80.01 Major exporters 4/ : 16.03 146.56 0.31 122.17 22.31 18.43 India : 11.43 96.69 0.00 90.47 4.65 13.00 Pakistan : 0.70 5.70 0.00 2.70 3.00 0.70 Thailand : 2.51 19.80 0.01 9.60 10.01 2.71 Vietnam : 1.39 24.38 0.30 19.40 4.65 2.02 Major importers 5/ : 13.70 62.88 11.44 72.87 0.72 14.43 Brazil : 1.16 8.20 0.42 8.25 0.55 0.97 EU-27 6/ : 1.14 1.76 1.57 3.19 0.15 1.13 Indonesia : 4.61 37.00 0.35 36.35 0.00 5.61 Nigeria : 0.47 3.00 1.80 4.50 0.00 0.77 Philippines : 4.87 10.48 2.57 13.50 0.00 4.42 Sel. Mideast 7/ : 1.34 2.05 3.49 5.42 0.02 1.43 Selected other : Burma : 0.60 10.73 0.05 10.25 0.54 0.59 C. Amer & Carib 8/ : 0.48 1.33 1.57 2.98 0.00 0.39 China : 35.92 130.22 0.30 127.45 0.97 38.02 Egypt : 0.37 4.39 0.02 3.34 0.75 0.69 Japan : 2.41 7.93 0.60 8.18 0.20 2.56 Mexico : 0.14 0.18 0.58 0.70 0.01 0.19 South Korea : 0.70 4.41 0.25 4.67 0.00 0.69 : : 2008/09 (Estimated) World 3/ : 80.95 447.42 27.15 437.15 28.72 91.22 United States : 0.94 6.52 0.61 4.10 2.99 0.97 Total foreign : 80.01 440.91 26.54 433.05 25.73 90.24 Major exporters 4/ : 18.43 150.09 0.80 122.95 19.62 26.74 India : 13.00 99.15 0.00 91.05 2.10 19.00 Pakistan : 0.70 6.70 0.00 3.40 3.00 1.00 Thailand : 2.71 19.85 0.30 9.50 8.57 4.79 Vietnam : 2.02 24.39 0.50 19.00 5.95 1.96 Major importers 5/ : 14.43 64.61 11.63 74.83 0.82 15.02 Brazil : 0.97 8.57 0.65 8.53 0.65 1.01 EU-27 6/ : 1.13 1.68 1.32 2.97 0.14 1.02 Indonesia : 5.61 38.30 0.25 37.09 0.01 7.06 Nigeria : 0.77 3.20 1.75 5.15 0.00 0.57 Philippines : 4.42 10.75 2.60 13.65 0.00 4.12 Sel. Mideast 7/ : 1.43 1.67 3.87 5.79 0.02 1.15 Selected other : Burma : 0.59 10.15 0.03 9.55 1.05 0.17 C. Amer & Carib 8/ : 0.39 1.50 1.30 2.87 0.00 0.32 China : 38.02 134.33 0.34 133.00 0.78 38.90 Egypt : 0.69 4.39 0.02 4.00 0.30 0.79 Japan : 2.56 8.03 0.66 8.33 0.20 2.72 Mexico : 0.19 0.18 0.59 0.78 0.01 0.17 South Korea : 0.69 4.84 0.25 4.96 0.00 0.83 =============================================================================== 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-480-25 March 2010 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 : =============================================================================== : : 2009/10 (Projected) World 3/ : February : 93.34 436.28 28.46 437.12 31.05 92.50 March : 91.22 440.28 28.84 440.57 30.56 90.93 United States : February : 0.97 7.03 0.67 4.17 3.23 1.27 March : 0.97 7.03 0.67 4.17 3.20 1.31 Total foreign : February : 92.37 429.25 27.80 432.96 27.82 91.23 March : 90.24 433.25 28.17 436.40 27.36 89.62 Major exporters 4/ : February : 24.74 135.40 1.00 118.05 21.30 21.79 March : 26.74 137.90 0.80 120.35 21.55 23.54 India Feb : 17.00 84.50 0.20 86.70 2.00 13.00 Mar : 19.00 87.00 0.00 89.00 2.00 15.00 Pakistan Feb : 1.00 6.20 0.00 2.60 3.80 0.80 Mar : 1.00 6.20 0.00 2.60 3.80 0.80 Thailand Feb : 4.79 20.40 0.30 9.60 10.00 5.89 Mar : 4.79 20.40 0.30 9.60 10.00 5.89 Vietnam Feb : 1.96 24.30 0.50 19.15 5.50 2.11 Mar : 1.96 24.30 0.50 19.15 5.75 1.86 Major importers 5/ : February : 15.08 64.77 12.03 76.04 0.51 15.33 March : 15.02 64.68 12.31 75.99 0.48 15.54 Brazil Feb : 1.01 7.82 0.80 8.60 0.30 0.73 Mar : 1.01 7.82 0.80 8.60 0.30 0.73 EU-27 6/ Feb : 1.02 1.99 1.35 3.11 0.14 1.12 Mar : 1.02 1.99 1.35 3.11 0.14 1.12 Indonesia Feb : 7.06 38.80 0.25 37.60 0.02 8.49 Mar : 7.06 38.80 0.25 37.60 0.02 8.49 Nigeria Feb : 0.57 3.40 1.60 5.10 0.00 0.47 Mar : 0.57 3.40 1.80 5.30 0.00 0.47 Philippines Feb : 4.12 10.20 2.60 13.79 0.00 3.14 Mar : 4.12 10.10 3.00 13.79 0.00 3.44 Sel. Mideast 7/Feb : 1.21 2.07 4.17 6.09 0.05 1.30 Mar : 1.15 2.07 3.85 5.83 0.02 1.21 Selected other : Burma Feb : 0.17 10.73 0.00 9.85 0.80 0.25 Mar : 0.17 10.73 0.00 9.85 0.80 0.25 C. Am & Car. 8/Feb : 0.32 1.46 1.54 3.00 0.00 0.32 Mar : 0.32 1.49 1.52 3.02 0.00 0.31 China Feb : 42.92 137.00 0.35 133.50 1.50 45.27 Mar : 38.90 137.00 0.30 134.50 0.85 40.85 Egypt Feb : 0.79 4.37 0.01 4.00 0.60 0.58 Mar : 0.79 4.37 0.01 4.00 0.60 0.58 Japan Feb : 2.72 7.62 0.70 8.20 0.20 2.64 Mar : 2.72 7.62 0.70 8.20 0.20 2.64 Mexico Feb : 0.17 0.19 0.60 0.78 0.01 0.17 Mar : 0.17 0.19 0.60 0.78 0.01 0.17 South Korea Feb : 0.83 4.91 0.30 4.98 0.00 1.06 Mar : 0.83 4.91 0.30 4.98 0.00 1.06 =============================================================================== 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-480-26 March 2010 World Cotton Supply and Use 1/ (Million 480-pound bales) ================================================================================ : Supply : Use : : Region :=========================:================: Loss : Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ : stocks : stocks : tion : : : : : ================================================================================ : : 2007/08 : World : 63.13 119.91 38.99 122.97 38.47 -2.06 62.66 United States : 9.48 19.21 0.01 4.59 13.65 0.41 10.04 Total foreign : 53.66 100.70 38.98 118.38 24.82 -2.47 52.61 Major exporters 4/ : 19.90 46.47 1.56 28.18 21.11 -0.16 18.81 Central Asia 5/ : 2.14 8.20 0.04 1.61 6.35 0.00 2.42 Afr. Fr. Zone 6/ : 1.06 2.46 3/ 0.19 2.66 0.00 0.67 S. Hemis. 7/ : 7.96 9.72 0.53 6.00 4.09 -0.18 8.30 Australia : 1.18 0.64 3/ 0.05 1.22 -0.05 0.60 Brazil : 5.41 7.36 0.16 4.60 2.23 -0.15 6.25 India : 7.66 24.00 0.60 18.60 7.03 0.00 6.63 Major importers 8/ : 31.73 51.46 34.81 85.75 2.66 -2.31 31.91 Mexico : 1.03 0.62 1.53 2.00 0.22 0.03 0.93 China : 20.54 37.00 11.53 51.00 0.06 -2.50 20.50 EU-27 9/ : 0.83 1.74 1.59 1.81 1.62 0.05 0.67 Turkey : 1.95 3.10 3.27 6.00 0.37 0.00 1.95 Pakistan : 4.88 8.90 3.91 12.00 0.27 0.03 5.39 Indonesia : 0.35 0.03 2.30 2.23 0.02 0.05 0.39 Thailand : 0.35 0.02 1.93 1.95 0.00 0.03 0.32 Bangladesh : 0.59 0.04 3.50 3.50 0.00 0.01 0.62 Vietnam : 0.22 0.03 1.21 1.20 0.00 0.00 0.25 : : 2008/09 (Estimated) : World : 62.66 107.45 30.01 110.11 30.18 -2.59 62.42 United States : 10.04 12.82 3/ 3.59 13.28 -0.34 6.34 Total foreign : 52.61 94.64 30.01 106.52 16.90 -2.25 56.08 Major exporters 4/ : 18.81 42.42 1.54 26.90 13.98 -0.19 22.08 Central Asia 5/ : 2.42 7.12 0.01 1.60 4.45 0.00 3.49 Afr. Fr. Zone 6/ : 0.67 2.41 3/ 0.19 2.20 0.00 0.70 S. Hemis. 7/ : 8.30 8.68 0.31 5.52 4.60 -0.20 7.38 Australia : 0.60 1.50 3/ 0.05 1.20 -0.07 0.93 Brazil : 6.25 5.48 0.05 4.20 2.74 -0.15 4.99 India : 6.63 22.60 0.80 17.90 2.36 0.00 9.77 Major importers 8/ : 31.91 49.54 26.00 75.39 1.88 -2.06 32.24 Mexico : 0.93 0.58 1.32 1.85 0.18 0.03 0.77 China : 20.50 36.70 7.00 44.00 0.08 -2.25 22.37 EU-27 9/ : 0.67 1.24 0.96 1.14 1.01 0.05 0.66 Turkey : 1.95 1.93 2.89 5.00 0.14 0.00 1.63 Pakistan : 5.39 9.00 1.95 11.50 0.38 0.03 4.44 Indonesia : 0.39 0.03 2.00 2.00 0.02 0.05 0.35 Thailand : 0.32 0.02 1.60 1.60 0.00 0.03 0.30 Bangladesh : 0.62 0.04 3.80 3.75 0.00 0.01 0.70 Vietnam : 0.25 0.01 1.23 1.25 0.00 0.00 0.24 ================================================================================ 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, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. WASDE-480-27 March 2010 World Cotton Supply and Use 1/ (Million 480-pound bales) ================================================================================ : Supply : Use : : Region :=========================:================: Loss : Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ : stocks : stocks : tion : : : : : ================================================================================ : : 2009/10 (Projected) World : February : 62.42 102.74 33.76 115.53 33.77 -2.46 52.08 March : 62.42 102.24 34.39 115.70 34.40 -2.46 51.41 United States : February : 6.34 12.40 0.01 3.40 12.00 0.04 3.30 March : 6.34 12.40 0.01 3.50 12.00 0.04 3.20 Total foreign : February : 56.08 90.34 33.76 112.13 21.77 -2.50 48.78 March : 56.08 89.84 34.38 112.20 22.40 -2.50 48.21 Major exporters 4/ : February : 22.08 42.81 1.36 28.21 18.74 -0.19 19.49 March : 22.08 42.81 1.36 28.21 19.14 -0.19 19.08 Central Asia 5/Feb : 3.49 6.37 0.01 1.59 6.02 0.00 2.26 Mar : 3.49 6.17 0.01 1.59 5.92 0.00 2.16 Afr. Fr. Zn. 6/Feb : 0.70 2.38 3/ 0.19 2.26 0.00 0.64 Mar : 0.70 2.38 3/ 0.19 2.26 0.00 0.64 S. Hemis 7/ Feb : 7.38 9.14 0.35 5.51 4.49 -0.20 7.07 Mar : 7.38 9.34 0.35 5.51 4.59 -0.20 7.16 Australia Feb : 0.93 1.75 3/ 0.04 1.70 -0.07 1.01 Mar : 0.93 1.75 3/ 0.04 1.80 -0.07 0.91 Brazil Feb : 4.99 5.55 0.10 4.20 2.00 -0.15 4.59 Mar : 4.99 5.75 0.10 4.20 2.00 -0.15 4.79 India Feb : 9.77 23.50 0.60 19.20 5.70 0.00 8.97 Mar : 9.77 23.50 0.60 19.20 6.10 0.00 8.57 Major importers 8/ : February : 32.24 45.02 29.77 79.70 2.00 -2.31 27.64 March : 32.24 44.52 30.39 79.77 2.24 -2.31 27.46 Mexico Feb : 0.77 0.42 1.50 1.90 0.10 0.03 0.66 Mar : 0.77 0.42 1.50 1.90 0.10 0.03 0.67 China Feb : 22.37 32.00 9.00 47.50 0.08 -2.50 18.29 Mar : 22.37 31.50 9.50 47.50 0.08 -2.50 18.29 EU-27 9/ Feb : 0.66 1.01 0.92 1.00 1.07 0.05 0.47 Mar : 0.66 1.01 0.92 1.00 1.07 0.05 0.47 Turkey Feb : 1.63 1.70 3.30 5.10 0.13 0.00 1.41 Mar : 1.63 1.70 3.50 5.30 0.15 0.00 1.38 Pakistan Feb : 4.44 9.80 2.75 12.00 0.50 0.03 4.46 Mar : 4.44 9.80 2.50 11.75 0.70 0.03 4.26 Indonesia Feb : 0.35 0.03 2.08 2.05 0.02 0.05 0.33 Mar : 0.35 0.03 2.08 2.05 0.02 0.05 0.33 Thailand Feb : 0.30 0.01 1.80 1.78 0.00 0.03 0.31 Mar : 0.30 0.01 1.80 1.78 0.01 0.03 0.30 Bangladesh Feb : 0.70 0.04 4.00 4.00 0.00 0.01 0.73 Mar : 0.70 0.04 4.00 4.00 0.00 0.01 0.73 Vietnam Feb : 0.24 0.01 1.35 1.35 0.00 0.00 0.25 Mar : 0.24 0.01 1.50 1.45 0.00 0.00 0.30 ================================================================================ 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, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade. WASDE-480-28 March 2010 World Soybean Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : : :stocks :Beginning:Produc-: : Domestic : : : stocks : tion :Imports: Crush : Total :Exports: =============================================================================== : : 2007/08 World 2/ : 62.96 221.14 78.12 201.87 229.67 79.59 52.96 United States : 15.62 72.86 0.27 49.08 51.63 31.54 5.58 Total foreign : 47.34 148.28 77.85 152.79 178.05 48.05 47.38 Major exporters 3/ : 40.98 114.10 3.12 68.12 72.78 44.60 40.81 Argentina : 22.61 46.20 2.95 34.61 36.16 13.84 21.76 Brazil : 18.19 61.00 0.15 32.11 35.07 25.36 18.90 Major importers 4/ : 4.42 16.03 63.98 62.82 78.30 0.53 5.61 China : 2.70 14.00 37.82 39.52 49.82 0.45 4.25 EU-27 : 1.12 0.72 15.12 14.87 16.11 0.04 0.81 Japan : 0.26 0.23 4.01 2.89 4.22 0.01 0.27 Mexico : 0.04 0.09 3.58 3.62 3.66 0.00 0.06 : : 2008/09 (Estimated) World 2/ : 52.96 210.90 77.20 193.90 222.09 76.94 42.02 United States : 5.58 80.75 0.36 45.23 48.00 34.93 3.76 Total foreign : 47.38 130.15 76.84 148.67 174.09 42.02 38.26 Major exporters 3/ : 40.81 92.90 1.34 65.28 69.88 37.97 27.20 Argentina : 21.76 32.00 1.29 31.26 32.84 5.59 16.61 Brazil : 18.90 57.00 0.04 32.51 35.41 29.99 10.55 Major importers 4/ : 5.61 17.54 64.50 61.69 77.33 0.45 9.87 China : 4.25 15.54 41.10 41.04 51.44 0.40 9.05 EU-27 : 0.81 0.64 13.21 12.86 14.09 0.02 0.56 Japan : 0.27 0.23 3.40 2.50 3.80 0.00 0.09 Mexico : 0.06 0.15 3.33 3.47 3.50 0.00 0.04 : : 2009/10 (Projected) World 2/ : February : 41.64 255.02 79.58 204.22 235.12 81.39 59.73 March : 42.02 255.91 79.78 204.95 235.86 81.18 60.67 United States : February : 3.76 91.47 0.22 46.81 51.64 38.10 5.71 March : 3.76 91.42 0.41 47.08 51.77 38.65 5.17 Total foreign : February : 37.88 163.54 79.36 157.41 183.48 43.29 54.01 March : 38.26 164.49 79.37 157.87 184.09 42.53 55.50 Major exporters 3/ : February : 26.78 126.10 0.17 68.45 73.17 38.45 41.43 March : 27.20 127.00 0.17 69.55 74.26 37.80 42.31 Argentina Feb : 16.19 53.00 0.00 35.30 36.94 7.85 24.40 Mar : 16.61 53.00 0.00 36.00 37.63 7.00 24.98 Brazil Feb : 10.55 66.00 0.15 31.60 34.55 25.30 16.85 Mar : 10.55 67.00 0.15 32.00 34.95 25.60 17.15 Major importers 4/ : February : 9.83 16.80 66.94 65.71 81.79 0.56 11.21 March : 9.87 16.80 66.94 65.93 82.01 0.46 11.13 China Feb : 9.01 14.50 42.50 44.93 55.46 0.50 10.05 Mar : 9.05 14.50 42.50 45.15 55.68 0.40 9.97 EU-27 Feb : 0.56 0.99 13.00 12.50 13.77 0.03 0.75 Mar : 0.56 0.99 13.00 12.50 13.77 0.03 0.75 Japan Feb : 0.09 0.23 3.95 2.75 4.11 0.00 0.16 Mar : 0.09 0.23 3.95 2.75 4.11 0.00 0.16 Mexico Feb : 0.04 0.11 3.50 3.56 3.60 0.00 0.05 Mar : 0.04 0.11 3.50 3.56 3.60 0.00 0.05 =============================================================================== 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-480-29 March 2010 World Soybean Meal Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2007/08 World 2/ : 6.54 158.44 54.21 157.24 55.77 6.18 United States : 0.31 38.36 0.13 30.15 8.38 0.27 Total foreign : 6.23 120.08 54.08 127.09 47.39 5.91 Major exporters 3/ : 3.85 58.50 0.19 14.94 43.74 3.85 Argentina : 1.50 27.08 0.00 0.62 26.82 1.15 Brazil : 1.91 24.89 0.18 12.26 12.14 2.59 India : 0.43 6.52 0.00 2.06 4.79 0.11 Major importers 4/ : 1.19 44.59 31.05 74.48 1.10 1.24 EU-27 : 0.86 11.72 24.07 35.17 0.41 1.07 China : 0.00 31.28 0.20 30.85 0.63 0.00 : : 2008/09 (Estimated) World 2/ : 6.18 152.20 51.17 152.68 52.02 4.86 United States : 0.27 35.48 0.08 27.89 7.72 0.21 Total foreign : 5.91 116.73 51.09 124.79 44.30 4.64 Major exporters 3/ : 3.85 55.39 0.11 15.56 40.16 3.63 Argentina : 1.15 24.20 0.00 0.63 24.00 0.73 Brazil : 2.59 25.20 0.11 12.44 13.00 2.45 India : 0.11 5.99 0.00 2.48 3.16 0.45 Major importers 4/ : 1.24 44.12 28.10 71.64 1.54 0.29 EU-27 : 1.07 10.13 20.98 31.58 0.47 0.13 China : 0.00 32.48 0.22 31.67 1.02 0.00 : : 2009/10 (Projected) World 2/ : February : 5.59 160.64 54.07 159.42 55.12 5.76 March : 4.86 160.73 53.57 158.74 55.01 5.40 United States : February : 0.21 36.76 0.13 27.76 9.07 0.27 March : 0.21 36.76 0.13 27.58 9.25 0.27 Total foreign : February : 5.38 123.88 53.94 131.66 46.05 5.49 March : 4.64 123.97 53.44 131.16 45.76 5.13 Major exporters 3/ : February : 4.37 58.17 0.16 16.27 42.15 4.28 March : 3.63 57.97 0.16 16.12 41.78 3.86 Argentina Feb : 1.46 27.60 0.00 0.68 26.95 1.44 Mar : 0.73 27.90 0.00 0.68 26.95 1.00 Brazil Feb : 2.45 24.50 0.15 12.70 12.00 2.41 Mar : 2.45 24.80 0.15 12.70 12.30 2.41 India Feb : 0.45 6.07 0.00 2.89 3.20 0.43 Mar : 0.45 5.27 0.00 2.74 2.53 0.45 Major importers 4/ : February : 0.29 47.02 30.49 75.96 1.28 0.57 March : 0.29 47.20 29.99 75.49 1.37 0.63 EU-27 Feb : 0.13 9.85 22.80 32.02 0.40 0.36 Mar : 0.13 9.85 22.40 31.54 0.42 0.42 China Feb : 0.00 35.56 0.20 34.93 0.83 0.00 Mar : 0.00 35.73 0.10 34.93 0.90 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-480-30 March 2010 World Soybean Oil Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2007/08 World 2/ : 3.71 37.54 10.39 37.68 10.88 3.09 United States : 1.40 9.34 0.03 8.32 1.32 1.13 Total foreign : 2.31 28.21 10.36 29.36 9.56 1.96 Major exporters 3/ : 1.21 15.45 1.11 8.32 8.51 0.94 Argentina : 0.49 6.63 0.00 1.03 5.79 0.30 Brazil : 0.51 6.16 0.07 3.92 2.39 0.43 EU-27 : 0.21 2.67 1.04 3.38 0.33 0.21 Major importers 4/ : 0.51 8.51 3.52 12.05 0.12 0.36 China : 0.25 7.05 2.73 9.69 0.10 0.23 India : 0.25 1.46 0.73 2.30 0.02 0.13 Pakistan : 0.00 0.00 0.06 0.06 0.00 0.01 : : 2008/09 (Estimated) World 2/ : 3.09 35.88 8.80 35.78 9.06 2.93 United States : 1.13 8.50 0.04 7.43 1.00 1.24 Total foreign : 1.96 27.37 8.76 28.35 8.07 1.69 Major exporters 3/ : 0.94 14.47 0.80 8.48 7.02 0.71 Argentina : 0.30 5.91 0.00 1.43 4.71 0.08 Brazil : 0.43 6.24 0.01 4.27 1.91 0.49 EU-27 : 0.21 2.31 0.79 2.78 0.40 0.14 Major importers 4/ : 0.36 8.65 3.60 11.86 0.09 0.66 China : 0.23 7.31 2.49 9.49 0.08 0.47 India : 0.13 1.34 1.06 2.33 0.00 0.19 Pakistan : 0.01 0.00 0.04 0.05 0.00 0.00 : : 2009/10 (Projected) World 2/ : February : 3.08 37.75 8.91 37.67 9.34 2.73 March : 2.93 37.88 9.14 37.59 9.48 2.89 United States : February : 1.24 8.69 0.03 7.49 1.47 1.01 March : 1.24 8.74 0.03 7.35 1.47 1.20 Total foreign : February : 1.84 29.06 8.87 30.18 7.87 1.72 March : 1.69 29.14 9.10 30.24 8.01 1.69 Major exporters 3/ : February : 0.86 15.09 0.65 9.01 6.79 0.80 March : 0.71 15.29 0.65 8.99 6.90 0.76 Argentina Feb : 0.23 6.78 0.00 1.65 5.18 0.19 Mar : 0.08 6.90 0.00 1.66 5.18 0.15 Brazil Feb : 0.49 6.06 0.05 4.76 1.43 0.42 Mar : 0.49 6.14 0.05 4.79 1.48 0.42 EU-27 Feb : 0.14 2.25 0.60 2.61 0.19 0.19 Mar : 0.14 2.25 0.60 2.55 0.25 0.19 Major importers 4/ : February : 0.66 9.37 3.32 12.62 0.11 0.62 March : 0.66 9.23 3.63 12.79 0.10 0.63 China Feb : 0.47 8.01 2.40 10.35 0.10 0.43 Mar : 0.47 8.05 2.40 10.39 0.10 0.43 India Feb : 0.19 1.36 0.89 2.24 0.01 0.19 Mar : 0.19 1.18 1.20 2.37 0.00 0.20 Pakistan Feb : 0.00 0.00 0.03 0.03 0.00 0.00 Mar : 0.00 0.00 0.03 0.03 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-480-31 March 2010 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 2008 : Annual : 26561 23347 50225 36906 6246 43712 93937 7501 190.0 : 2009 : I : 6248 5811 12136 8573 1385 10076 22212 1860 47.4 II : 6602 5488 12165 8939 1420 10488 22653 1870 48.9 III : 6689 5698 12462 9172 1417 10725 23187 1880 46.8 IV : 6424 5996 12502 8827 1441 10385 22887 1925 46.3 Annual : Feb Est : 25963 22993 49265 35489 5663 41653 90918 7525 189.3 Mar Est : 25963 22993 49265 35511 5663 41673 90938 7535 189.3 : 2010 : I* : 6180 5590 11846 8675 1285 10075 21921 1865 47.2 II* : 6490 5350 11914 8950 1325 10405 22319 1880 48.8 III* : 6660 5500 12234 9250 1400 10780 23014 1895 47.0 IV* : 6315 5990 12383 9075 1425 10625 23008 1925 46.5 Annual : Feb Proj : 25650 22520 48478 35900 5575 41980 90458 7565 188.9 Mar Proj : 25645 22430 48377 35950 5435 41885 90262 7565 189.5 =============================================================================== * 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 2008 : Annual : 92.27 47.84 79.7 87.5 128.3 18.29 : 2009 : I : 80.98 42.11 79.7 73.8 109.7 12.23 II : 84.53 42.74 81.9 79.1 89.7 11.60 III : 82.78 38.90 76.8 81.4 94.8 12.07 IV : 82.43 41.20 72.1 83.8 117.7 15.33 Annual : Feb Est : 82.68 41.24 77.6 79.5 103.0 12.81 Mar Est : 82.68 41.24 77.6 79.5 103.0 12.81 : 2010 : I* : 85-86 48-49 81-82 78-79 120-123 15.60-15.80 II* : 87-91 47-49 78-82 80-84 107-113 14.70-15.20 III* : 87-95 49-53 77-83 81-87 96-104 15.40-16.20 IV* : 88-96 43-47 74-80 84-90 115-125 16.45-17.45 Annual : Feb Proj : 85-91 46-49 77-82 80-85 108-115 16.20-16.90 Mar Proj : 87-92 47-50 77-82 81-85 110-116 15.55-16.15 =============================================================================== *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-480-32 March 2010 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 : 2008 : 630 26663 2538 29831 1887 642 27302 62.7 2009 Est. Feb : 642 26065 2643 29350 1871 564 26915 61.3 Mar : 642 26065 2628 29335 1869 565 26901 61.2 2010 Proj. Feb : 564 25752 2775 29091 2040 460 26591 59.9 Mar : 565 25747 2700 29012 2040 460 26512 59.8 : PORK : 2008 : 519 23367 832 24717 4667 635 19415 49.4 2009 Est. Feb : 635 23013 841 24489 4151 530 19808 50.0 Mar : 635 23013 834 24482 4126 525 19831 50.0 2010 Proj. Feb : 530 22540 900 23970 4500 525 18945 47.3 Mar : 525 22450 900 23875 4500 515 18860 47.1 : TOTAL RED MEAT 5/ : 2008 : 1169 50361 3553 55083 6566 1307 47210 113.5 2009 Est. Feb : 1307 49400 3654 54361 6039 1117 47205 112.6 Mar : 1307 49400 3633 54340 6011 1114 47214 112.7 2010 Proj. Feb : 1117 48613 3862 53592 6556 1005 46031 108.7 Mar : 1114 48512 3788 53414 6556 995 45863 108.3 : BROILERS : 2008 : 719 36511 79 37309 6961 745 29603 83.4 2009 Est. Feb : 745 35109 82 35936 6802 614 28520 79.7 Mar : 745 35131 85 35961 6835 616 28509 79.6 2010 Proj. Feb : 614 35516 80 36210 5825 705 29680 82.1 Mar : 616 35565 80 36261 5825 705 29731 82.3 : TURKEYS : 2008 : 261 6165 8 6434 676 396 5361 17.6 2009 Est. Feb : 396 5589 13 5998 536 250 5212 17.0 Mar : 396 5588 13 5998 535 262 5201 16.9 2010 Proj. Feb : 250 5502 12 5764 545 290 4929 15.9 Mar : 262 5364 12 5638 545 290 4803 15.5 : TOTAL POULTRY 6/ : 2008 : 982 43235 92 44309 7785 1144 35379 102.4 2009 Est. Feb : 1144 41199 100 42443 7452 866 34125 97.9 Mar : 1144 41219 103 42466 7470 880 34116 97.9 2010 Proj. Feb : 866 41522 100 42488 6510 998 34980 99.2 Mar : 880 41429 100 42409 6490 998 34921 99.0 : RED MEAT & POULTRY : 2008 : 2151 93596 3646 99392 14352 2451 82589 215.9 2009 Est. Feb : 2451 90598 3754 96804 13490 1983 81330 210.5 Mar : 2451 90618 3736 96806 13481 1994 81330 210.5 2010 Proj. Feb : 1983 90135 3962 96080 13066 2003 81011 207.9 Mar : 1994 89940 3888 95822 13046 1993 80783 207.2 =============================================================================== 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-480-33 March 2010 U.S. Egg Supply and Use =============================================================================== : : : 2009 Estimated : 2010 Projected : : :-----------------:----------------- Commodity : 2007 : 2008 : Feb : Mar : Feb : Mar =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 12.5 11.1 17.2 17.2 18.5 18.0 Production : 7587.0 7501.0 7525.0 7535.0 7565.0 7565.0 Imports : 13.6 14.6 11.4 11.1 12.0 12.0 Total supply : 7613.1 7526.7 7553.6 7563.3 7595.5 7595.0 : Use : Exports : 250.3 206.3 239.5 242.2 220.0 240.0 Hatching use : 1016.3 994.9 950.5 950.5 970.0 970.0 Ending stocks : 11.1 17.2 18.5 18.0 16.0 18.0 Disappearance : Total : 6335.4 6308.3 6345.1 6352.6 6389.5 6367.0 Per capita (number) : 251.7 248.3 247.6 247.9 246.9 246.1 =============================================================================== U.S. Milk Supply and Use =============================================================================== : : : 2009 Estimated : 2010 Projected Commodity : : :-----------------:----------------- : 2007 : 2008 : Feb : Mar : Feb : Mar =============================================================================== : Billion pounds Milk : Production : 185.7 190.0 189.3 189.3 188.9 189.5 Farm use : 1.1 1.1 1.1 1.1 1.1 1.1 : Fat Basis Supply : Beg. commercial stocks : 9.5 10.4 10.0 10.1 11.3 11.3 Marketings : 184.6 188.9 188.2 188.3 187.8 188.4 Imports : 4.6 3.9 4.1 4.1 4.1 4.1 Total cml. supply : 198.7 203.2 202.3 202.4 203.2 203.9 : Fat Basis Use : Commercial Exports : 5.7 8.7 4.0 4.2 4.8 4.7 Ending commercial stks : 10.4 10.1 11.3 11.3 9.1 10.0 CCC net removals 1/ : 0.0 0.0 0.6 0.6 0.4 0.3 Commercial use 2/ : 182.6 184.3 186.2 186.0 188.8 188.7 : Skim-solids Basis Supply : Beg. commercial stocks : 9.1 10.0 10.9 10.9 11.2 11.3 Marketings : 184.6 188.9 188.2 188.3 187.8 188.4 Imports : 4.4 3.7 3.6 3.7 3.9 3.9 Total cml. supply : 198.1 202.6 202.7 202.8 202.9 203.6 : Skim-solids Basis Use : Commercial Exports : 24.5 26.6 22.7 22.5 25.7 25.5 Ending commercial stks : 10.0 10.9 11.2 11.3 9.8 10.5 CCC net removals 1/ : 0.0 1.3 2.9 2.9 -0.6 0.0 Commercial use 2/ : 163.7 163.7 166.4 166.8 168.3 168.0 : : Million pounds CCC product net removals 1/: Butter : 0 0 23 25 16 15 Cheese : 0 0 2 1 2 2 Nonfat dry milk : 0 111 248 246 -50 2 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. 2009 and 2010 adjusted for the Barter Program WASDE-480-34 March 2010 U.S. Dairy Prices =============================================================================== : : : 2009 Estimated : 2010 Projected : : : ------------------------:------------------ Commodity : 2007 : 2008 : Feb : Mar : Feb : Mar =============================================================================== : Dollars per pound : Product Prices 1/ : Cheese : 1.7380 1.8954 1.2966 1.2966 1.575- 1.500- : 1.645 1.560 : Butter : 1.3441 1.4356 1.2096 1.2096 1.395- 1.415- : 1.495 1.505 : Nonfat dry milk : 1.7083 1.2256 0.9223 0.9223 1.175- 1.135- : 1.235 1.185 : Dry whey : 0.6004 0.2504 0.2585 0.2585 0.375- 0.380- : 0.405 0.410 : : Dollars per cwt Milk Prices 2/ : Class III : 18.04 17.44 11.36 11.36 14.90- 14.20- : 15.60 14.80 : Class IV : 18.36 14.65 10.89 10.89 13.95- 13.65- : 14.75 14.35 : All milk 3/ : 19.13 18.29 12.81 12.81 16.20- 15.55- : 16.90 16.15 : =============================================================================== 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-480-35 March 2010 Note: Tables on pages 35-37 present a 28-year record of the differences between the March projection and the final estimate. Using world wheat production as an example, changes between the March projection and the final estimate have averaged 2.5 million tons (0.5%) ranging from -8.0 to 6.9 million tons. The March projection has been below the estimate 19 times and above 9 times. Reliability of March Projections =============================================================================== :Differences between proj. & final estimate,1981/82-2008/09 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== WHEAT :Percent Million metric tons Number of years Production : World : 0.5 2.5 -8.0 6.9 19 9 U.S. : 0.1 0.0 -0.2 0.1 11 7 Foreign : 0.5 2.5 -8.0 6.9 19 9 Exports : World : 3.1 3.6 -16.9 3.5 23 5 U.S. : 2.6 0.8 -1.4 2.4 15 13 Foreign : 4.0 3.5 -16.0 2.5 21 7 Domestic use : World : 0.7 4.0 -9.4 9.4 11 17 U.S. : 3.1 0.9 -2.4 2.4 12 16 Foreign : 0.7 3.7 -7.9 10.2 15 13 Ending stocks : World : 3.6 4.7 -11.4 9.1 20 8 U.S. : 6.5 1.1 -4.4 2.5 15 13 Foreign : 3.8 4.1 -10.4 9.8 19 8 : COARSE GRAINS 2/ : Production : World : 0.9 8.0 -21.7 10.9 23 5 U.S. : 0.0 0.1 -0.2 1.3 12 6 Foreign : 1.3 8.0 -21.7 10.9 23 5 Exports : World : 3.4 3.6 -7.5 9.9 18 10 U.S. : 6.0 3.1 -6.9 9.1 12 16 Foreign : 5.6 3.0 -10.3 6.7 17 11 Domestic use : World : 0.8 6.8 -17.1 24.2 16 12 U.S. : 2.3 4.4 -17.3 11.5 12 16 Foreign : 0.9 5.7 -14.1 17.5 20 8 Ending stocks : World : 7.3 10.2 -28.2 13.9 23 5 U.S. : 9.0 4.8 -13.8 15.3 17 11 Foreign : 8.8 7.4 -27.0 10.5 24 4 : RICE, milled : Production : World : 1.1 3.9 -13.7 3.4 21 7 U.S. : 0.9 0.0 -0.2 0.2 10 4 Foreign : 1.1 3.9 -13.7 3.3 21 7 Exports : World : 6.3 1.2 -4.5 1.4 23 5 U.S. : 5.3 0.2 -0.5 0.3 14 11 Foreign : 7.1 1.2 -4.4 1.4 22 6 Domestic use : World : 0.8 2.9 -9.8 4.8 21 7 U.S. : 4.9 0.1 -0.3 0.4 11 16 Foreign : 0.8 2.9 -10.0 4.6 21 7 Ending stocks : World : 6.3 3.3 -14.9 4.0 19 9 U.S. : 16.4 0.2 -0.4 0.4 15 12 Foreign : 6.6 3.3 -14.5 3.9 19 9 =============================================================================== 1/ Footnotes at end of table. CONTINUED WASDE-480-36 March 2010 Reliability of March Projections (Continued) =============================================================================== :Differences between proj. & final estimate,1981/82-2008/09 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== SOYBEANS :Percent Million metric tons Number of years Production : World : 1.9 3.1 -6.4 12.4 16 12 U.S. : 1.0 0.6 -2.5 1.8 12 11 Foreign : 3.2 2.9 -6.4 12.6 16 12 Exports : World : 4.1 1.9 -6.1 9.6 18 9 U.S. : 5.3 1.3 -3.7 3.0 20 8 Foreign : 12.0 1.8 -5.5 9.5 12 16 Domestic use : World : 1.8 2.6 -5.3 11.4 15 13 U.S. : 2.5 1.1 -3.0 2.9 18 9 Foreign : 1.9 2.0 -3.9 12.8 14 14 Ending stocks : World : 12.0 3.2 -6.6 13.9 16 12 U.S. : 22.7 1.7 -2.7 5.4 7 21 Foreign : 12.7 2.5 -6.3 9.7 19 9 : COTTON : Million 480-pound bales Production : World : 1.3 1.2 -5.2 3.0 17 9 U.S. : 0.7 0.1 -0.2 0.3 11 16 Foreign : 1.6 1.2 -5.3 2.9 17 10 Exports : World : 3.1 0.8 -3.1 1.4 13 14 U.S. : 5.2 0.5 -1.3 1.0 11 16 Foreign : 3.9 0.7 -3.6 1.3 16 12 Mill use : World : 1.4 1.3 -6.0 1.3 14 14 U.S. : 2.9 0.2 -0.7 0.6 17 9 Foreign : 2.1 1.6 -5.5 10.0 16 12 Ending stocks : World : 6.5 2.4 -8.4 8.4 17 11 U.S. : 10.7 0.5 -1.2 1.6 10 18 Foreign : 7.2 2.4 -7.8 7.9 19 9 =============================================================================== 1/ Final estimate for 1981/82-2008/09 is defined as the first November estimate following the marketing year. 2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. WASDE-480-37 March 2010 Reliability of United States March Projections 1/ =============================================================================== :Differences between proj. & final estimate,1981/82-2008/09 2/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== CORN :Percent Million bushels Number of years Production : 0.0 2 -8 38 1 1 Exports : 6.2 109 -254 284 11 17 Domestic use : 2.4 155 -474 424 13 15 Ending stocks : 10.4 187 -552 713 18 10 : SORGHUM : Production : 0.0 0 0 4 0 2 Exports : 11.3 26 -90 72 17 10 Domestic use : 7.9 33 -178 100 11 17 Ending stocks : 28.4 29 -69 148 13 15 : BARLEY : Production : 0.3 1 -3 11 12 4 Exports : 12.3 6 -20 13 8 18 Domestic use : 4.5 16 -30 70 12 14 Ending stocks : 10.4 16 -53 24 18 10 : OATS : Production : 0.1 0 -2 1 4 3 Exports : 17.6 1 -1 3 5 4 Domestic use : 3.2 11 -26 36 13 15 Ending stocks : 10.9 12 -47 21 16 12 : : Thousand short tons SOYBEAN MEAL : Production : 2.3 772 -2328 1542 21 7 Exports : 7.1 495 -1750 941 23 5 Domestic use : 2.0 522 -1106 2066 20 8 Ending stocks : 28.4 70 -214 208 12 15 : : Million pounds SOYBEAN OIL : Production : 2.2 352 -1173 627 21 7 Exports : 14.8 253 -750 664 16 11 Domestic use : 1.7 233 -685 628 18 10 Ending stocks : 14.9 247 -692 366 16 12 ------------------------------------------------------------------------------- : ANIMAL PROD. 3/ : Million pounds Beef : 2.3 570 -907 1613 18 8 Pork : 2.3 385 -1265 1667 18 8 Broilers : 1.3 315 -605 496 16 10 Turkeys : 2.0 94 -177 172 14 12 : : Million dozen Eggs : 1.1 72 -120 169 15 11 : : Billion pounds Milk : 1.2 1.8 -4.9 5.2 15 11 =============================================================================== 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. 2/ Final estimate for 1981/82-2008/09 is defined as the first November estimate following the marketing year. 3/ Calendar years 1983 thru 2008 for meats, eggs, and milk. Final for animal products is defined as latest annual production estimate published by NASS. ----- End of File -----