ISSN:1554-9089 WASDE-453 December 11, 2007 WHEAT: Projected U.S. wheat ending stocks for 2007/08 are lowered 32 million bushels this month reflecting higher expected domestic use and exports. At 280 million bushels, this year's ending stocks are the lowest in 60 years. Domestic food use is projected 5 million bushels higher this month based on the latest mill grind data reported by the U.S. Bureau of Census. Domestic seed use is forecast 2 million bushels higher based on expectations for 2008 crop seedings. Exports are projected 25 million bushels higher on increased foreign imports and reduced supplies and exports for key competitor countries. The projected season-average farm price is raised 30 cents on each end of the range to $6.20 to $6.60 per bushel, reflecting sharply higher cash and futures prices. The projected range is well above the record of $4.55 per bushel in 1995/96. Global wheat production for 2007/08 is lowered 1.0 million tons this month with lower projected output for Argentina, Canada, and EU-27. Partly offsetting are small increases for Azerbaijan, Bangladesh, Serbia, and South Africa. Production in Argentina is projected 0.5 million tons lower this month as a November freeze reduced crop prospects in the major southern producing areas. Good weather and higher yields in unaffected areas is expected to partly offset losses. Production for Canada is lowered 0.6 million tons in line with the latest crop estimates from Statistics Canada. EU-27 production is reduced 0.4 million tons mostly reflecting a reduction for France. Global imports for 2007/08 are projected 0.8 million tons higher with increases of 0.2 million tons each for Bangladesh and Egypt. A number of lesser increases in small import market countries account for the rest of the projected rise in world imports. Global exports are lowered 1.0 million tons tightening the gap between projected marketing year exports and imports as world supplies tighten with lower production in major exporting countries. Exports are projected 0.5 million tons lower for both Argentina and EU-27 based on reduced production. Australia exports are lowered 1.0 million tons. Tight domestic supplies and competition from U.S. and other Northern Hemisphere 2008/09 new-crop wheat are expected to limit export opportunities for Australia during the July- September period of 2008 before the start of Australia's next marketing year. Global ending stocks for 2007/08 are projected 0.3 million tons higher. A 0.9-million-ton increase in stocks for Australia is offset by a similarly sized reduction for the United States. Global stocks, however, rise slightly on small increases for EU-27 and FSU-12. COARSE GRAINS: U.S. corn ending stocks for 2007/08 are projected 100 million bushels lower this month. The corn export forecast is raised 100 million bushels on expected increases in foreign consumption and imports. At the projected 2.45 billion bushels, 2007/08 corn exports would be a record, surpassing the previous record of 2.4 billion in 1979/80. The season-average farm price for corn is projected at $3.35 to $3.95 per bushel, up 15 cents on both ends of the range based on reported prices to date and higher cash and futures prices. The sorghum season-average price is projected 20 cents higher on each end of the range to $3.20 to $3.80 per bushel. The barley price projection is raised 15 cents on each end of the range to $3.70 to $4.30 per bushel. Corn and barley farm prices are both projected at record levels surpassing their previous records in 1995/96. World coarse grain supplies for 2007/08 are projected up 0.6 million tons this month on higher corn beginning stocks as country-level coarse grain production changes for 2007/08 are nearly offsetting. The 2007/08 corn carryin is raised on lower 2006/07 exports for Argentina and higher 2006/07 production for South Africa. Global corn production for 2007/08 is projected 1.1 million tons higher this month with increases for Canada, EU-27, and FSU- 12. Corn production for Canada is raised 1.1 million tons in line with recent production estimates from Statistics Canada. EU-27 corn production is increased 0.4 million tons with an increase for France more than offsetting lower production for Spain. FSU-12 corn output is raised 0.8 million tons with increases for Belarus, Russia, and Ukraine. Partly offsetting are reductions of 0.5 and 0.8 million tons, respectively, for South Africa and Turkey. South Africa corn production is projected lower, reflecting reduced prospects for area as indicated by producer planting intentions. Corn production for Turkey is lowered as drought and untimely periods of extreme heat during the summer cut yields and limited irrigation water for second crop plantings. Global barley and oats production for 2007/08 are both lowered, more than offsetting the increase in corn production. Barley production is lowered with reductions of 0.8 and 0.5 million tons, respectively, for Canada and Russia. Partly offsetting is a 0.3-million-ton increase for Australia as barley harvested area is raised in line with recent government estimates. World oats production is lowered 0.3 million tons on lower production in Canada. Barley and oats changes for Canada are made based on recent Statistics Canada estimates. Global coarse grains imports and exports are both raised reflecting higher projected foreign consumption especially for feeding. World corn feeding is projected 2.7 million tons higher this month with the largest increases projected for Canada, Russia, South Africa, and Saudi Arabia. Driving these increases are reduced supplies of wheat, barley, and oats and increased corn production in Canada; reduced barley production and increased corn production in Russia; increased corn beginning stocks in South Africa; and tighter world barley supplies that are expected to limit barley feeding in Saudi Arabia. World barley supplies for 2007/08 are projected 1.2 million tons lower with reductions this month in both beginning stocks and production. World barley feeding is projected 1.1 million tons lower. Global coarse grain ending stocks are projected 2.3 million tons lower with corn ending stocks lowered 1.3 million and barley ending stocks lowered 0.5 million. At the projected 15.1 million tons, global barley stocks would be the lowest in 42 years. RICE: No changes are made on the supply side of the U.S. 2007/08 rice supply and use balance. However, all rice exports for 2007/08 are raised 2 million cwt to 109 million cwt. Rough and combined milled-and-brown exports (on a rough- equivalent basis) are each raised 1 million cwt from a month ago. Long-grain and combined medium- and short-grain exports are each raised 1 million cwt to 85 million and 24 million cwt, respectively. No change is made to 2007/08 domestic and residual use. All rice ending stocks are projected at 25.1 million cwt, 2 million cwt below last month. The season-average farm price is projected at $10.90 to $11.40 per cwt, up 15 cents per cwt on both ends of the range. Global 2007/08 rice production, consumption, and ending stocks are lowered from a month ago, while trade is increased. The decline in global rice production is due to smaller crop projections for Australia, Iran, and Bangladesh, which are partially offset by increases for EU-27 and Pakistan. Consumption is lowered for Iran and Bangladesh and increased for Pakistan. Imports are increased for Bangladesh and Panama, while exports are raised for Brazil, Burma, and the United States. Global ending stocks for 2007/08 are projected at 72.2 million tons, down 1.9 million tons from last month, and 3.4 million tons below 2006/07. Stocks are lowered for Australia, Bangladesh, Brazil, Iran, Thailand, and the United States and increased for Panama and Pakistan. OILSEEDS: U.S. oilseed ending stocks for 2007/08 are projected at 6.1 million tons, down 0.7 million from last month. Soybean ending stocks are down 25 million bushels to 185 million, a 68 percent decline from 2006/07. Soybean exports are raised 20 million bushels based on stronger-than-expected sales to China. Soybean crush is raised 5 million bushels this month due to improved soybean meal export prospects. Soybean and product prices are raised this month based on rapidly escalating values within each market. The U.S. season-average soybean price for 2007/08 is projected at $9.25 to $10.25 per bushel, up 75 cents on both ends of the range, reflecting sharply higher cash and soybean futures prices. Soybean meal prices are projected at $265 to $295 per short ton, up $30 on both ends of the range. Soybean oil prices are projected at 41 to 45 cents per pound, up 3.5 cents on both ends of the range. Soybean oil prices at Decatur have recently exceeded 44 cents per pound and have increased more than 4 cents in the past month. Global oilseed production for 2007/08 is projected at a record 391.3 million tons, up 0.9 million tons from last month. Foreign crops account for nearly all of the change. Projected soybean production for India increased 1 million tons from last month to a record 9.2 million. India rapeseed production is reduced 0.3 million tons primarily due to a lower area estimate. Offsetting increases for rapeseed include larger crops for EU-27 and Kazakhstan. Global cottonseed production is reduced mainly due to lower output for Pakistan with a partly offsetting increase for India. Global oilseed crush for 2007/08 is up 1.4 million tons due mainly to higher soybean crush for India, China, Paraguay, and the United States. Major changes in global oilseed trade include a 0.5-million ton increase in China soybean imports and a 0.5-million ton decrease in EU-27 soybean imports. Paraguay soybean exports also declined reflecting a higher projected crush. Global oilseed ending stocks for 2007/08 are reduced 1.8 million tons to 54.5 million tons, reflecting lower soybean stocks for Argentina and the United States. Argentina stocks are reduced due to a projected increase in soybean exports for both 2006/07 and 2007/08. Global oilseed stocks for 2007/08 are projected down 22 percent from 2006/07. SUGAR: Projected 2007/08 U.S. sugar supply is increased 170,000 short tons, raw value, from last month, mainly due to higher production and imports. Production is increased 112,000 tons, based on processors' projections compiled by the Farm Service Agency. Prospects for higher supplies in Mexico lead to a 50,000-ton increase in exports to the U.S. market. U.S. use is unchanged. LIVESTOCK, POULTRY, AND DAIRY: The forecast for total 2007 U.S. meat production is raised reflecting stronger fourth- quarter production estimates for red meat and poultry. Cattle slaughter forecasts are increased as packers have bid aggressively for relatively tight supplies of fed cattle, and cow slaughter remains large. Hog slaughter is expected to remain strong through the remainder of the fourth quarter. The broiler production forecast is raised as hatchery data point to relatively strong expansion. For 2008, total meat production is virtually unchanged. The Quarterly Hogs and Pigs report, to be released December 27, will provide an indication of hog producer expectations for production in 2008. The egg production forecast for 2008 is raised slightly. Red meat exports are adjusted slightly for 2007, reflecting third-quarter actual exports. Broiler exports for both 2007 and 2008 are raised on the strength of stronger-than-expected third-quarter exports. Despite higher broiler meat prices, continued weakness in the value of the dollar supports exports. Beef imports are reduced for 2007 and 2008. The forecast for the fourth-quarter 2007 cattle price is raised as packers continue to bid aggressively for a relatively small pool of market-ready cattle. The hog price is lowered slightly. The broiler price forecast for 2007 is little changed but the 2008 forecast is reduced. Forecast egg prices are increased for 2007 and the first half of 2008, reflecting current demand and slow production growth. Forecasts for 2007 and 2008 milk production are raised slightly as milk per cow rates are recovering from early year weakness. Ending stocks on a fat basis are unchanged from last month, but skim-solids stocks are raised because nonfat dry milk (NDM) stocks have remained higher than expected. Dairy prices are changed in 2007 and 2008. Stronger cheese price forecasts are expected to result in higher Class III price forecasts in both years. The Class IV price forecast is lowered for 2007 but unchanged for 2008. Forecast butter prices are raised slightly in both years. Weaker NDM prices in November and December result in a lower Class IV price for 2007. However, a weaker forecast NDM price in the first half of 2008 is largely offset by a higher forecast NDM price in the second half of the year as world supplies remain tight. The 2007 all milk price is forecast 10 cents higher than last month at $19.05 to $19.15. In 2008, the all milk price is forecast at $18.00 to $18.80 per cwt. COTTON: This month's U.S. 2007/08 cotton supply and demand estimates include marginally higher production and ending stocks. Production is raised 125,000 bales, due to small increases in several states. Domestic mill use and exports are unchanged. Ending stocks are raised 100,000 bales to 7.7 million. With a decline in production more than offset by lower consumption, the world 2007/08 forecasts show slightly higher ending stocks this month. World production is reduced less than 1 percent, as sharply lower production in Pakistan is partly offset by increases for India, the United States, Iran, and Uzbekistan. Consumption is reduced mainly in Pakistan, based on lower supplies and declining textile exports. World trade is raised marginally due to higher imports by Pakistan. World ending stocks are raised nearly 1 percent from last month to 55.3 million. Approved by the Acting Secretary of Agriculture and the World Agricultural Outlook Board, Gerald A. Bange, Chairperson, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: KEITH J. COLLINS ACTING SECRETARY OF AGRICULTURE INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board's analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail: jnorton@oce.usda.gov Gary Vocke, ERS; Joshua Lagos, FAS; Dennis Shields, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail: aaaronson@oce.usda.gov Nathan Childs, ERS; Robert Miller, FAS; William Chambers, FSA. Feed Grains: Jerry Norton, ICEC Chair, WAOB, E-mail: jnorton@oce.usda.gov Allen Baker, ERS; Richard O'Meara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: kmenzie@oce.usda.gov Mark Ash, ERS; Bill George, FAS; Max Fisher, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail: cskelly@oce.usda.gov Darryl Earnest, AMS; Leslie Meyer, ERS; James Johnson, FAS; Steven Neff, FSA. Sugar: John Love, ICEC Chair, WAOB, E-mail: jlove@oce.usda.gov Stephen Haley, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E- mail: sshagam@oce.usda.gov Warren Preston, AMS; Mildred M. Haley, ERS; Claire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: sshagam@oce.usda.gov Marc Warman, AMS; David Harvey, ERS; Michelle DeGraaf, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail: sshagam@oce.usda.gov Jerry Cessna, AMS; Roger Hoskin, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2008, the WASDE report will be released on Jan. 11, Feb. 8, Mar. 11, Apr. 9, May 9, June 10, July 11, Aug. 12, Sep. 12, Oct. 10, Nov. 10, Dec. 11 T A B L E OF C O N T E N T S Page Highlights . . . . . . . . . . . . . . . . . . . . . . . . . .1 Interagency Commodity Estimates Committees . . . . . . . . . .6 World & U.S. Supply & Use for Grains . . . . . . . . . . . . .8 World & U.S. Supply & Use for Cotton . . . . . . . . . . . . .9 World & U.S. Supply & Use for Oilseeds . . . . . . . . . . . 10 U.S. Wheat Supply & Use. . . . . . . . . . . . . . . . . . . 11 U.S. Wheat Supply & Use by Class . . . . . . . . . . . . . . 11 U.S. Feed Grain & Corn Supply & Use. . . . . . . . . . . . . 12 U.S. Sorghum, Barley, & Oats Supply & Use. . . . . . . . . . 13 U.S. Rice Supply & Use . . . . . . . . . . . . . . . . . . . 14 U.S. Soybeans & Products Supply & Use. . . . . . . . . . . . 15 U.S. Sugar Supply & Use. . . . . . . . . . . . . . . . . . . 16 U.S. Cotton Supply & Use . . . . . . . . . . . . . . . . . . 17 World Wheat Supply & Use . . . . . . . . . . . . . . . . . . 18 World Coarse Grains Supply & Use . . . . . . . . . . . . . . 20 World Corn Supply & Use. . . . . . . . . . . . . . . . . . . 22 World Rice Supply & Use. . . . . . . . . . . . . . . . . . . 24 World Cotton Supply & Use . . . . . . . . . . . . . . . . . 26 World Soybean Supply & Use . . . . . . . . . . . . . . . . . 28 World Soybean Meal Supply & Use. . . . . . . . . . . . . . . 29 World Soybean Oil Supply & Use . . . . . . . . . . . . . . . 30 U.S. Quarterly Animal Product Production . . . . . . . . . . 31 U.S. Quarterly Prices for Animal Products. . . . . . . . . . 31 U.S. Meats Supply and Use. . . . . . . . . . . . . . . . . . 32 U.S. Egg Supply & Use. . . . . . . . . . . . . . . . . . . . 33 U.S. Milk Supply and Use . . . . . . . . . . . . . . . . . . 33 U.S. Dairy Prices. . . . . . . . . . . . . . . . . . . . . . 34 Reliability Tables . . . . . . . . . . . . . . . . . . . . . 35 Related USDA Reports . . . . . . . . . . . . . . . . . . . . 38 Metric Conversion Factors. . . . . . . . . . . . . . . . . . 38 Electronic Access and Subscriptions. . . . . . . . . . . . . 40 For questions about the WASDE report, call (202) 720-5447. WASDE-453-8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : World Total grains 3/ : 2005/06 : 2,016.74 2,419.85 253.43 2,031.44 388.42 2006/07 (Est.) : 1,991.94 2,380.36 254.73 2,045.37 334.99 2007/08 (Proj.) : November : 2,078.83 2,414.55 252.62 2,095.39 319.16 December : 2,077.13 2,412.12 253.56 2,096.90 315.22 Wheat : 2005/06 : 621.65 772.28 116.16 624.43 147.84 2006/07 (Est.) : 593.66 741.50 110.96 617.20 124.30 2007/08 (Proj.) : November : 603.30 727.36 105.75 617.56 109.80 December : 602.31 726.61 104.78 616.55 110.06 Coarse grains 4/ : 2005/06 : 977.53 1,155.30 107.12 991.55 163.74 2006/07 (Est.) : 980.63 1,144.38 114.62 1,009.32 135.06 2007/08 (Proj.) : November : 1,054.37 1,188.84 117.17 1,053.60 135.24 December : 1,054.34 1,189.40 118.92 1,056.42 132.98 Rice, milled : 2005/06 : 417.55 492.28 30.16 415.45 76.83 2006/07 (Est.) : 417.65 494.48 29.15 418.85 75.63 2007/08 (Proj.) : November : 421.16 498.34 29.69 424.23 74.12 December : 420.48 496.11 29.86 423.93 72.17 : : United States Total grains 3/ : 2005/06 : 363.16 442.68 90.72 280.27 71.68 2006/07 (Est.) : 335.68 413.88 86.12 277.90 49.86 2007/08 (Proj.) : November : 416.27 472.10 102.52 308.84 60.74 December : 416.27 472.10 105.80 309.03 57.27 Wheat : 2005/06 : 57.28 74.19 27.29 31.36 15.55 2006/07 (Est.) : 49.32 68.18 24.73 31.04 12.41 2007/08 (Proj.) : November : 56.25 71.11 31.30 31.32 8.49 December : 56.25 71.11 31.98 31.52 7.62 Coarse grains 4/ : 2005/06 : 298.76 359.61 59.77 245.07 54.77 2006/07 (Est.) : 280.11 337.43 58.45 242.81 36.18 2007/08 (Proj.) : November : 353.69 392.71 67.80 273.52 51.39 December : 353.69 392.71 70.34 273.52 48.85 Rice, milled : 2005/06 : 7.11 8.87 3.66 3.84 1.37 2006/07 (Est.) : 6.25 8.27 2.95 4.06 1.27 2007/08 (Proj.) : November : 6.33 8.28 3.42 3.99 0.87 December : 6.33 8.28 3.49 3.99 0.80 =============================================================================== 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-453-9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : Foreign 3/ Total grains 4/ : 2005/06 : 1,653.58 1,977.18 162.71 1,751.17 316.73 2006/07 (Est.) : 1,656.27 1,966.48 168.61 1,767.47 285.13 2007/08 (Proj.) : November : 1,662.56 1,942.45 150.10 1,786.55 258.42 December : 1,660.86 1,940.03 147.76 1,787.88 257.95 Wheat : 2005/06 : 564.38 698.08 88.87 593.08 132.30 2006/07 (Est.) : 544.34 673.32 86.23 586.17 111.89 2007/08 (Proj.) : November : 547.06 656.25 74.46 586.24 101.31 December : 546.06 655.50 72.81 585.03 102.45 Coarse grains 5/ : 2005/06 : 678.77 795.68 47.34 746.48 108.98 2006/07 (Est.) : 700.52 806.95 56.17 766.51 98.89 2007/08 (Proj.) : November : 700.68 796.13 49.37 780.08 83.86 December : 700.65 796.70 48.58 782.90 84.14 Rice, milled : 2005/06 : 410.44 483.41 26.50 411.61 75.46 2006/07 (Est.) : 411.40 486.21 26.21 414.79 74.36 2007/08 (Proj.) : November : 414.83 490.06 26.27 420.24 73.25 December : 414.15 487.83 26.37 419.94 71.37 =============================================================================== 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. bales =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : World 2005/06 : 117.69 175.04 44.53 116.11 60.38 2006/07 (Est.) : 122.07 182.45 37.55 123.38 60.96 2007/08 (Proj.) : November : 119.36 180.19 41.11 129.24 54.81 December : 118.76 179.72 41.38 128.27 55.29 : United States 2005/06 : 23.89 29.41 17.55 5.87 6.05 2006/07 (Est.) : 21.59 27.66 13.01 4.95 9.48 2007/08 (Proj.) : November : 18.86 28.36 16.20 4.60 7.60 December : 18.99 28.48 16.20 4.60 7.70 : Foreign 3/ 2005/06 : 93.80 145.63 26.98 110.24 54.33 2006/07 (Est.) : 100.48 154.79 24.54 118.44 51.49 2007/08 (Proj.) : November : 100.50 151.83 24.91 124.65 47.21 December : 99.77 151.24 25.18 123.67 47.59 =============================================================================== 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-453-10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade : Use 2/ : Stocks =============================================================================== : : World Oilseeds : 2005/06 : 391.65 448.35 76.04 318.27 64.31 2006/07 (Est.) : 406.41 470.72 83.35 331.93 70.32 2007/08 (Proj.) : November : 390.40 461.58 87.70 339.32 56.32 December : 391.32 461.64 87.76 340.77 54.51 Oilmeals : 2005/06 : 215.60 223.74 65.30 215.06 7.44 2006/07 (Est.) : 225.56 232.99 68.15 223.19 6.99 2007/08 (Proj.) : November : 232.34 239.69 71.03 231.47 7.19 December : 233.62 240.60 71.86 231.29 6.84 Vegetable Oils : 2005/06 : 118.11 128.14 47.09 115.26 10.12 2006/07 (Est.) : 122.40 132.52 48.72 121.54 8.83 2007/08 (Proj.) : November : 127.03 135.97 50.09 126.82 8.16 December : 127.33 136.16 50.12 126.66 8.14 : : United States Oilseeds : 2005/06 : 95.53 104.49 26.61 51.90 14.20 2006/07 (Est.) : 96.61 111.84 31.68 53.45 16.99 2007/08 (Proj.) : November : 80.10 98.01 27.55 53.78 6.78 December : 80.14 98.05 28.09 53.93 6.10 Oilmeals : 2005/06 : 39.95 41.82 7.61 33.85 0.36 2006/07 (Est.) : 41.54 43.60 8.25 34.96 0.39 2007/08 (Proj.) : November : 41.68 43.85 7.78 35.73 0.33 December : 41.80 44.00 7.88 35.79 0.33 Vegetable Oils : 2005/06 : 10.39 13.87 0.90 11.17 1.80 2006/07 (Est.) : 10.44 14.76 1.32 11.78 1.66 2007/08 (Proj.) : November : 10.48 14.76 1.10 12.48 1.18 December : 10.53 14.79 1.16 12.39 1.25 : : Foreign 3/ Oilseeds : 2005/06 : 296.12 343.86 49.43 266.37 50.11 2006/07 (Est.) : 309.80 358.87 51.66 278.48 53.32 2007/08 (Proj.) : November : 310.29 363.57 60.15 285.54 49.55 December : 311.18 363.59 59.67 286.84 48.41 Oilmeals : 2005/06 : 175.65 181.92 57.69 181.21 7.07 2006/07 (Est.) : 184.02 189.40 59.90 188.23 6.60 2007/08 (Proj.) : November : 190.66 195.84 63.25 195.74 6.86 December : 191.81 196.61 63.99 195.51 6.51 Vegetable Oils : 2005/06 : 107.72 114.27 46.19 104.09 8.32 2006/07 (Est.) : 111.96 117.76 47.40 109.76 7.17 2007/08 (Proj.) : November : 116.55 121.21 48.99 114.34 6.99 December : 116.81 121.37 48.97 114.28 6.89 =============================================================================== 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-453-11 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :============================== : : Est. : November December =============================================================================== Area : Million acres Planted : 57.2 57.3 60.4 60.4 Harvested : 50.1 46.8 51.0 51.0 Yield per harvested : Bushels acre : 42.0 38.7 40.5 40.5 : Million bushels Beginning stocks : 540 571 456 456 Production : 2,105 1,812 2,067 2,067 Imports : 81 122 90 90 Supply, total : 2,726 2,505 2,613 2,613 Food : 915 933 940 945 Seed : 78 81 86 88 Feed and residual : 160 125 125 125 Domestic, total : 1,152 1,140 1,151 1,158 Exports : 1,003 909 1,150 1,175 Use, total : 2,155 2,049 2,301 2,333 Ending stocks : 571 456 312 280 CCC inventory : 43 41 35 35 Free stocks : 528 415 277 245 Outstanding loans : 42 14 10 10 Avg. farm price ($/bu) 2/ : 3.42 4.26 5.90- 6.30 6.20- 6.60 =============================================================================== U.S. Wheat by Class: Supply and Use =============================================================================== Year beginning : Hard : Hard : Soft : : : June 1 : Winter : Spring : Red : White : Durum : Total =============================================================================== 2006/07 (estimated) : Million bushels Beginning stocks : 215 132 106 78 40 571 Production : 682 432 390 254 53 1,812 Supply, total 3/ : 898 614 516 342 135 2,505 Domestic use : 452 247 261 101 79 1,140 Exports : 281 250 146 197 35 909 Use, total : 733 497 407 298 114 2,049 Ending stocks, total : 165 117 109 44 22 456 : 2007/08 (projected) : Beginning stocks : 165 117 109 44 22 456 Production : 962 449 358 227 72 2,067 Supply, total 3/ : 1,127 603 477 278 128 2,613 Domestic use : 518 231 238 92 79 1,158 Exports : 500 285 195 160 35 1,175 Use, total : 1,018 516 433 252 114 2,333 Ending stocks, total : December : 109 87 44 26 14 280 November : 124 92 45 32 19 312 =============================================================================== 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-453-12 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :============================== : : Est. : November December =============================================================================== FEED GRAINS : Area : Million acres Planted : 96.4 92.5 109.1 109.1 Harvested : 85.9 80.1 97.8 97.8 Yield per harvested : Metric tons acre : 3.47 3.50 3.62 3.62 : Million metric tons Beginning stocks : 58.8 54.7 36.2 36.2 Production : 298.6 279.9 353.5 353.5 Imports : 1.9 2.4 2.7 2.7 Supply, total : 359.3 337.1 392.4 392.4 Feed and residual : 163.2 148.3 151.4 151.4 Food, seed & industrial : 81.5 94.2 121.8 121.8 Domestic, total : 244.7 242.5 273.2 273.2 Exports : 59.8 58.4 67.8 70.3 Use, total : 304.5 300.9 341.0 343.5 Ending stocks, total : 54.7 36.2 51.4 48.8 CCC inventory : 0.0 0.0 0.0 0.0 Free stocks : 54.7 36.2 51.4 48.8 Outstanding loans : 4.4 3.0 7.0 5.9 : CORN : Area : Million acres Planted : 81.8 78.3 93.6 93.6 Harvested : 75.1 70.6 86.1 86.1 Yield per harvested : Bushels acre : 148.0 149.1 153.0 153.0 : Million bushels Beginning stocks : 2,114 1,967 1,304 1,304 Production : 11,114 10,535 13,168 13,168 Imports : 9 12 15 15 Supply, total : 13,237 12,514 14,487 14,487 Feed and residual : 6,155 5,598 5,650 5,650 Food, seed & industrial : 2,981 3,488 4,590 4,590 Ethanol for fuel 2/ : 1,603 2,117 3,200 3,200 Domestic, total : 9,136 9,086 10,240 10,240 Exports : 2,134 2,125 2,350 2,450 Use, total : 11,270 11,210 12,590 12,690 Ending stocks, total : 1,967 1,304 1,897 1,797 CCC inventory : 0 0 0 0 Free stocks : 1,967 1,304 1,897 1,797 Outstanding loans : 171 116 275 230 Avg. farm price ($/bu) 3/ : 2.00 3.04 3.20- 3.80 3.35- 3.95 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further breakout of FSI corn uses including ethanol, see the Feed Outlook table 5 or access the data on the Web through the Feed Grain Data Delivery System (http://www.ers.usda.gov/db/feedgrains/). 3/ Marketing-year weighted average price received by farmers. WASDE-453-13 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :============================== : : Est. : November December =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 6.5 6.5 7.7 7.7 Area harv. (mil. acres) : 5.7 4.9 6.7 6.7 Yield (bushels/acre) : 68.5 56.2 76.8 76.8 Beginning stocks : 57 66 32 32 Production : 393 278 515 515 Imports : 0 0 0 0 Supply, total : 450 343 547 547 Feed and residual : 140 109 180 180 Food, seed & industrial : 50 45 35 35 Total domestic : 190 154 215 215 Exports : 194 157 275 275 Use, total : 384 311 490 490 Ending stocks, total : 66 32 57 57 Avg. farm price ($/bu) 2/ : 1.86 3.29 3.00- 3.60 3.20- 3.80 : BARLEY : Area planted (mil. acres) : 3.9 3.5 4.0 4.0 Area harv. (mil. acres) : 3.3 3.0 3.5 3.5 Yield (bushels/acre) : 64.8 61.1 60.4 60.4 Beginning stocks : 128 108 69 69 Production : 212 180 212 212 Imports : 5 12 20 20 Supply, total : 346 300 301 301 Feed and residual : 52 56 50 50 Food, seed & industrial : 158 156 150 150 Total domestic : 210 211 200 200 Exports : 28 20 50 50 Use, total : 238 231 250 250 Ending stocks, total : 108 69 51 51 Avg. farm price ($/bu) 2/ : 2.53 2.85 3.55- 4.15 3.70- 4.30 : OATS : Area planted (mil. acres) : 4.2 4.2 3.8 3.8 Area harv. (mil. acres) : 1.8 1.6 1.5 1.5 Yield (bushels/acre) : 63.0 59.8 60.9 60.9 Beginning stocks : 58 53 51 51 Production : 115 94 92 92 Imports : 91 106 110 110 Supply, total : 264 252 252 252 Feed and residual : 136 125 130 130 Food, seed & industrial : 74 74 75 75 Total domestic : 209 199 205 205 Exports : 2 3 2 2 Use, total : 211 202 207 207 Ending stocks, total : 53 51 45 45 Avg. farm price ($/bu) 2/ : 1.63 1.87 2.10- 2.70 2.10- 2.70 =============================================================================== 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-453-14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :============================== : : Est. : November December =============================================================================== TOTAL : Area : Million acres Planted : 3.38 2.84 2.75 2.75 Harvested : 3.36 2.82 2.73 2.73 Yield per harvested : Pounds acre : 6,636 6,868 7,247 7,247 : : Million hundredweight : Beginning stocks 2/ : 37.7 43.0 39.3 39.3 Production : 223.2 193.7 197.9 197.9 Imports : 17.1 20.6 21.5 21.5 Supply, total : 278.1 257.3 258.7 258.7 Domestic & residual 3/ : 120.2 126.7 124.7 124.7 Exports, total 4/ : 114.9 91.3 107.0 109.0 Rough : 33.4 32.1 34.0 35.0 Milled (rough equiv.) : 81.4 59.2 73.0 74.0 Use, total : 235.1 218.0 231.7 233.7 Ending stocks : 43.0 39.3 27.1 25.1 Avg. milling yield (%) 5/ : 70.2 71.1 70.5 70.5 Avg. farm price ($/cwt) 6/ : 7.65 9.74 10.75-11.25 10.90-11.40 : LONG GRAIN : Harvested acres (mil.) : 2.73 2.19 Yield (pounds/acre) : 6,493 6,689 Beginning stocks : 22.7 32.7 28.5 28.5 Production : 177.5 146.2 142.6 142.6 Supply, total 7/ : 212.5 193.1 186.2 186.2 Domestic & Residual 3/ : 87.9 92.0 89.0 89.0 Exports 8/ : 92.0 72.6 84.0 85.0 Use, total : 179.8 164.6 173.0 174.0 Ending stocks : 32.7 28.5 13.2 12.2 : : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.63 0.64 Yield (pounds/acre) : 7,255 7,484 Beginning stocks : 13.8 9.4 10.0 10.0 Production : 45.7 47.5 55.3 55.3 Supply, total 7/ : 64.7 63.4 71.8 71.8 Domestic & Residual 3/ : 32.4 34.7 35.7 35.7 Exports 8/ : 22.9 18.7 23.0 24.0 Use, total : 55.2 53.4 58.7 59.7 Ending stocks : 9.4 10.0 13.2 12.2 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2005/06-1.1; 2006/07-0.9; 2007/08-0.8. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. WASDE-453-15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :=============================== : : Est. : November December =============================================================================== SOYBEANS: : Million acres Area : Planted : 72.0 75.5 63.7 63.7 Harvested : 71.3 74.6 62.8 62.8 : : Bushels Yield per harvested : acre : 43.0 42.7 41.3 41.3 : : Million bushels : Beginning stocks : 256 449 573 573 Production : 3,063 3,188 2,594 2,594 Imports : 3 9 6 6 Supply, total : 3,322 3,647 3,173 3,173 Crushings : 1,739 1,806 1,825 1,830 Exports : 940 1,118 975 995 Seed : 93 78 86 86 Residual : 101 71 77 77 Use, total : 2,873 3,074 2,963 2,988 Ending stocks : 449 573 210 185 Avg. farm price ($/bu) 2/ : 5.66 6.43 8.50- 9.50 9.25 -10.25 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 1,699 3,010 2,912 2,904 Production : 20,387 20,487 20,715 20,770 Imports : 35 37 40 37 Supply, total : 22,122 23,535 23,667 23,712 Domestic : 17,959 18,743 20,100 19,900 For methyl ester 4/ : 1,555 2,796 4,200 3,800 Exports : 1,153 1,888 1,550 1,650 Use, total : 19,112 20,630 21,650 21,550 Ending stocks : 3,010 2,904 2,017 2,162 Average price (c/lb) 2/ : 23.41 31.02 37.50- 41.00- : 41.50 45.00 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 172 314 351 351 Production : 41,244 43,027 43,384 43,484 Imports : 141 156 165 165 Supply, total : 41,557 43,497 43,900 44,000 Domestic : 33,195 34,360 35,300 35,300 Exports : 8,048 8,786 8,300 8,400 Use, total : 41,243 43,146 43,600 43,700 Ending stocks : 314 351 300 300 Average price ($/s.t.) 2/ : 174.17 205.44 235.00- 265.00- : 265.00 295.00 =============================================================================== Note: Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and meal. 2/ Prices: Soybeans, marketing year weighted average price received by farmers; for Oil, simple average of crude soybean oil, Decatur; for Meal, simple average of 48 percent, Decatur. WASDE-453-16 U.S. Sugar Supply and Use 1/ ===================================================================== : : : 2007/08 Projection Item : 2005/06 : 2006/07 :==================== : : Est. : November December ===================================================================== : 1,000 short tons, raw value : Beginning stocks : 1,332 1,698 1,787 1,794 Production 2/ : 7,399 8,441 8,450 8,562 Beet sugar : 4,444 5,008 4,791 4,896 Cane sugar : 2,955 3,433 3,659 3,666 Florida : 1,367 1,714 1,774 1,774 Hawaii : 223 222 257 244 Louisiana : 1,190 1,320 1,430 1,450 Texas : 175 177 198 198 Imports : 3,443 2,080 2,193 2,244 TRQ 3/ : 2,588 1,624 1,338 1,339 Other program 4/ : 349 390 425 425 Other 5/ : 506 66 430 480 Mexico : 420 60 425 475 Total supply : 12,174 12,219 12,430 12,600 : Exports : 203 422 250 250 Deliveries : 10,341 10,135 10,300 10,300 Food : 10,184 9,913 10,100 10,100 Other 6/ : 157 222 200 200 Miscellaneous 7/ : -68 -132 0 0 Total use : 10,476 10,425 10,550 10,550 Ending stocks : 1,698 1,794 1,880 2,050 : Stocks to use ratio : 16.2 17.2 17.8 19.4 ====================================================================== 1/ Fiscal years beginning Oct 1. Includes Puerto Rico. Historical data are from FSA, "Sweetener Market Data" except imports (U.S. Customs Service, Census Bureau). 2/ Production projections for 2007/08 are processor projections compiled by the Farm Service Agency. 3/ Actual arrivals under the tariff rate quota (TRQ) with late entries, early entries, and TRQ overfills assigned to the fiscal year in which they actually arrived. For 2007/08, includes shortfall of 100,000 tons. 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ Does not include Mexico TRQ imports. For 2005/06, other high-tier (30) and other (56). For 2006/07, other high-tier (6) and other (0). For 2007/08, other high-tier (5) and other (0). 6/ Transfers to sugar-containing products for reexport, and for nonedible alcohol and feed. 7/ Includes SMD miscellaneous uses and the difference between SMD imports and WASDE imports. WASDE-453-17 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :=============================== : : Est. : November December =============================================================================== : Million acres Area : Planted : 14.25 15.27 10.85 10.85 Harvested : 13.80 12.73 10.54 10.54 : : Pounds Yield per harvested : acre : 831 814 859 864 : : Million 480 pound bales : Beginning stocks 2/ : 5.50 6.05 9.48 9.48 Production : 23.89 21.59 18.86 18.99 Imports : 0.03 0.02 0.02 0.02 Supply, total : 29.41 27.66 28.36 28.48 Domestic use : 5.87 4.95 4.60 4.60 Exports : 17.55 13.01 16.20 16.20 Use, total : 23.42 17.96 20.80 20.80 Unaccounted 3/ : -0.06 0.22 -0.04 -0.02 Ending stocks : 6.05 9.48 7.60 7.70 : Avg. farm price 4/ : 47.7 46.5 48.9 5/ =============================================================================== Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Based on Bureau of Census data. 3/ Reflects the difference between the previous season's supply less total use and ending stocks based on Bureau of Census data. 4/ Cents per pound for upland cotton. 5/ Average price for August-October 2007. USDA is prohibited by law from publishing cotton price projections. =============================================================================== Notes: Public Law 106-78, signed October 22, 1999, requires the Secretary of Agriculture to estimate and report the U.S. upland cotton season-ending stocks-to-use ratio, excluding projected raw cotton imports but including the quantity of raw cotton imports that has been imported during the marketing year. Pursuant to this requirement, the estimated ratio for 2007/08 is 38.2 percent. A table including detail for upland and extra long staple (ELS) cotton will be posted by noon on WASDE report release days at: http://www.usda.gov/oce/commodity/wasde/index.htm WASDE-453-18 World Wheat Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2005/06 : World 3/ : 150.62 621.65 110.15 111.30 624.43 116.16 147.84 United States : 14.70 57.28 2.21 4.35 31.36 27.29 15.55 Total foreign : 135.92 564.38 107.94 106.95 593.08 88.87 132.30 Major exporters 4/ : 42.75 197.97 7.13 70.94 147.24 57.27 43.34 Argentina : 0.55 14.50 0.01 0.08 5.00 9.56 0.50 Australia : 6.78 25.37 0.08 3.70 6.40 16.01 9.81 Canada : 7.92 25.75 0.29 4.18 8.32 16.00 9.64 EU-27 5/ : 27.50 132.36 6.76 62.98 127.53 15.69 23.39 Major importers 6/ : 61.99 162.78 58.77 8.40 218.96 4.42 60.16 Brazil : 1.35 4.87 6.72 0.60 10.80 0.81 1.33 China : 38.82 97.45 1.02 3.50 101.00 1.40 34.89 Select. Mideast 7/ : 5.46 19.77 12.18 1.95 30.02 0.60 6.78 N. Africa 8/ : 10.52 15.18 18.56 0.30 33.51 0.23 10.51 Pakistan : 2.25 21.61 0.95 0.40 21.50 0.05 3.26 Southeast Asia 9/ : 2.05 0.00 10.33 1.23 10.00 0.38 2.00 Selected other : India : 4.10 68.64 0.03 0.30 69.97 0.80 2.00 FSU-12 : 13.46 91.92 5.15 23.31 75.74 21.13 13.67 Russia : 3.89 47.70 1.28 14.90 38.40 10.66 3.81 Kazakhstan : 3.19 11.00 0.04 2.70 7.40 3.82 3.01 Ukraine : 2.61 18.70 0.07 2.90 12.50 6.46 2.41 : : 2006/07 (Estimated) : World 3/ : 147.84 593.66 112.37 105.56 617.20 110.96 124.30 United States : 15.55 49.32 3.32 3.42 31.04 24.73 12.41 Total foreign : 132.30 544.34 109.05 102.14 586.17 86.23 111.89 Major exporters 4/ : 43.34 175.17 5.56 69.31 146.54 53.01 24.52 Argentina : 0.50 15.20 0.01 0.08 4.90 10.50 0.31 Australia : 9.81 9.90 0.09 4.70 7.40 9.00 3.41 Canada : 9.64 25.27 0.32 4.33 8.74 19.64 6.85 EU-27 5/ : 23.39 124.81 5.14 60.20 125.50 13.87 13.96 Major importers 6/ : 60.16 171.14 55.01 7.68 219.53 5.21 61.56 Brazil : 1.33 2.23 7.75 0.20 10.50 0.04 0.78 China : 34.89 104.47 0.38 4.00 101.00 2.78 35.96 Select. Mideast 7/ : 6.78 20.13 10.52 1.55 30.08 0.55 6.79 N. Africa 8/ : 10.51 18.53 16.30 0.25 33.90 0.26 11.18 Pakistan : 3.26 21.70 0.06 0.40 21.90 0.20 2.92 Southeast Asia 9/ : 2.00 0.00 10.65 0.88 9.96 0.42 2.28 Selected other : India : 2.00 69.35 6.71 0.30 73.36 0.20 4.50 FSU-12 : 13.67 85.98 5.93 21.45 73.64 22.35 9.60 Russia : 3.81 44.90 0.86 14.10 36.40 10.79 2.38 Kazakhstan : 3.01 13.50 0.03 2.70 7.50 8.00 1.04 Ukraine : 2.41 14.00 0.08 2.10 11.70 3.37 1.43 =============================================================================== 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-453-19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2007/08 (Projected) World 3/ : November : 124.06 603.30 102.62 98.29 617.56 105.75 109.80 December : 124.30 602.31 103.37 98.26 616.55 104.78 110.06 United States : November : 12.41 56.25 2.45 3.40 31.32 31.30 8.49 December : 12.41 56.25 2.45 3.40 31.52 31.98 7.62 Total foreign : November : 111.64 547.06 100.17 94.89 586.24 74.46 101.31 December : 111.89 546.06 100.92 94.86 585.03 72.81 102.45 Major exporters 4/ : November : 24.42 169.96 6.85 62.18 139.80 43.00 18.43 December : 24.52 168.55 6.85 62.18 139.60 41.00 19.32 Argentina Nov : 0.31 15.50 0.00 0.08 4.90 10.50 0.41 Dec : 0.31 15.00 0.00 0.08 4.90 10.00 0.41 Australia Nov : 3.32 13.00 0.08 3.00 5.70 9.00 1.70 Dec : 3.41 13.00 0.08 3.20 5.90 8.00 2.58 Canada Nov : 6.85 20.60 0.28 3.70 8.50 14.00 5.22 Dec : 6.85 20.05 0.28 3.50 8.10 14.00 5.07 EU-27 5/ Nov : 13.94 120.86 6.50 55.40 120.70 9.50 11.10 Dec : 13.96 120.50 6.50 55.40 120.70 9.00 11.26 Major importers 6/ : November : 61.56 170.71 52.95 6.95 219.35 5.72 60.16 December : 61.56 170.71 53.30 6.95 219.70 5.72 60.16 Brazil Nov : 0.78 3.40 7.00 0.20 10.50 0.01 0.67 Dec : 0.78 3.40 7.00 0.20 10.50 0.01 0.67 China Nov : 35.96 106.00 0.20 4.00 100.50 3.00 38.66 Dec : 35.96 106.00 0.20 4.00 100.50 3.00 38.66 Sel. Mideast 7/Nov : 6.79 20.27 8.60 0.90 28.90 0.55 6.21 Dec : 6.79 20.27 8.75 0.90 29.05 0.55 6.21 N. Africa 8/ Nov : 11.18 13.78 17.35 0.15 34.43 0.16 7.73 Dec : 11.18 13.78 17.55 0.15 34.63 0.16 7.73 Pakistan Nov : 2.92 23.00 0.50 0.40 22.40 0.60 3.42 Dec : 2.92 23.00 0.50 0.40 22.40 0.60 3.42 SE Asia 9/ Nov : 2.28 0.00 10.20 0.90 10.28 0.43 1.78 Dec : 2.28 0.00 10.20 0.90 10.28 0.43 1.78 Selected other : India Nov : 4.50 74.89 2.00 0.20 75.85 0.05 5.49 Dec : 4.50 74.89 2.00 0.20 75.85 0.05 5.49 FSU-12 Nov : 9.55 91.04 5.10 22.60 74.76 21.65 9.28 Dec : 9.60 91.15 5.10 22.60 74.80 21.65 9.41 Russia Nov : 2.38 48.00 1.00 14.90 37.20 12.00 2.18 Dec : 2.38 48.00 1.00 14.90 37.20 12.00 2.18 Kazakhstan Nov : 1.04 16.00 0.02 2.70 7.50 8.00 1.56 Dec : 1.04 16.00 0.02 2.70 7.50 8.00 1.56 Ukraine Nov : 1.43 13.80 0.01 2.60 12.20 1.50 1.54 Dec : 1.43 13.80 0.01 2.60 12.20 1.50 1.54 =============================================================================== 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-453-20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2005/06 : World 3/ : 177.76 977.53 104.50 635.24 991.55 107.12 163.74 United States : 58.80 298.76 2.05 163.33 245.07 59.77 54.77 Total foreign : 118.97 678.77 102.45 471.91 746.48 47.34 108.98 Major exporters 4/ : 13.61 65.17 3.09 35.55 48.23 20.26 13.39 Argentina : 1.56 19.22 0.06 6.81 9.37 10.02 1.46 Australia : 2.30 13.67 0.00 5.89 7.17 5.59 3.21 Canada : 6.32 24.97 1.99 18.64 22.92 4.08 6.28 Major importers 5/ : 47.55 216.52 77.50 218.30 293.31 5.66 42.60 EU-27 6/ : 25.03 146.74 2.78 109.42 147.54 4.36 22.66 Japan : 1.88 0.19 19.77 15.06 20.09 0.01 1.74 Mexico : 5.40 25.83 9.90 21.19 37.59 0.21 3.34 N. Afr & Mideast 7/: 8.57 26.61 18.84 38.90 45.80 0.89 7.33 Saudi Arabia : 2.71 0.20 8.52 8.00 8.19 0.00 3.25 Southeast Asia 8/ : 1.69 16.55 4.41 14.57 20.33 0.20 2.13 South Korea : 1.40 0.34 8.55 6.56 8.91 0.00 1.38 Selected other : Brazil : 4.38 44.17 1.36 35.01 42.22 4.52 3.17 China : 37.02 147.70 2.31 103.12 147.46 3.76 35.81 FSU-12 : 7.24 55.31 1.16 33.76 49.75 8.47 5.49 Russia : 2.67 27.60 0.54 17.65 27.70 1.78 1.33 Ukraine : 2.67 18.14 0.07 8.45 11.99 6.50 2.40 : : 2006/07 (Estimated) : World 3/ : 163.74 980.63 111.74 629.83 1009.32 114.62 135.06 United States : 54.77 280.11 2.55 148.37 242.81 58.45 36.18 Total foreign : 108.98 700.52 109.19 481.46 766.51 56.17 98.89 Major exporters 4/ : 13.39 64.20 3.79 36.19 49.62 22.95 8.80 Argentina : 1.46 27.54 0.00 7.36 10.02 16.81 2.17 Australia : 3.21 5.76 0.00 4.66 5.89 2.03 1.04 Canada : 6.28 23.15 2.17 19.51 24.51 3.59 3.49 Major importers 5/ : 42.60 211.82 84.46 220.15 295.75 5.42 37.72 EU-27 6/ : 22.66 138.15 8.02 108.01 146.51 4.71 17.61 Japan : 1.74 0.18 19.59 14.81 19.74 0.00 1.76 Mexico : 3.34 28.73 10.88 22.90 39.45 0.00 3.50 N. Afr & Mideast 7/: 7.33 27.29 20.45 39.86 47.06 0.30 7.71 Saudi Arabia : 3.25 0.20 8.10 8.43 8.61 0.00 2.94 Southeast Asia 8/ : 2.13 16.90 4.06 14.86 20.62 0.41 2.06 South Korea : 1.38 0.33 8.81 6.96 9.17 0.00 1.35 Selected other : Brazil : 3.17 53.17 1.26 36.29 43.44 9.82 4.34 China : 35.81 154.04 1.16 104.64 152.76 5.41 32.83 FSU-12 : 5.49 58.70 0.91 35.69 51.29 8.45 5.36 Russia : 1.33 30.20 0.40 18.60 28.60 1.65 1.69 Ukraine : 2.40 19.18 0.03 9.95 13.38 6.10 2.12 =============================================================================== 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-453-21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2007/08 (Projected) World 3/ : November : 134.48 1054.37 115.96 643.23 1053.60 117.17 135.24 December : 135.06 1054.34 116.51 644.94 1056.42 118.92 132.98 United States : November : 36.18 353.69 2.84 151.45 273.52 67.80 51.39 December : 36.18 353.69 2.84 151.45 273.52 70.34 48.85 Total foreign : November : 98.30 700.68 113.12 491.77 780.08 49.37 83.86 December : 98.89 700.65 113.67 493.49 782.90 48.58 84.14 Major exporters 4/ : November : 7.58 75.32 2.75 36.49 51.46 25.47 8.72 December : 8.80 75.10 2.75 37.47 52.25 25.37 9.03 Argentina Nov : 1.67 27.47 0.00 7.51 10.27 17.61 1.27 Dec : 2.17 27.47 0.00 7.51 10.27 17.61 1.77 Australia Nov : 1.04 9.01 0.00 5.47 6.75 2.24 1.06 Dec : 1.04 9.31 0.00 5.47 6.75 2.54 1.06 Canada Nov : 3.50 27.91 2.37 18.95 25.02 4.60 4.16 Dec : 3.49 27.84 2.37 19.49 25.45 4.40 3.85 Major importers 5/ : November : 38.41 208.67 90.32 226.34 302.86 5.45 29.09 December : 37.72 208.38 90.72 226.34 302.86 5.45 28.51 EU-27 6/ Nov : 17.64 135.16 13.76 110.67 149.97 5.11 11.48 Dec : 17.61 135.67 13.76 110.67 149.97 5.11 11.97 Japan Nov : 1.76 0.17 19.14 14.51 19.54 0.00 1.53 Dec : 1.76 0.17 19.14 14.51 19.54 0.00 1.53 Mexico Nov : 3.69 30.18 12.30 25.48 42.18 0.03 3.96 Dec : 3.50 30.18 12.30 25.48 42.18 0.03 3.77 N Afr/M.East 7/Nov : 8.18 25.45 20.40 40.72 47.71 0.05 6.27 Dec : 7.71 24.65 20.60 40.12 47.11 0.05 5.80 Saudi Arabia Nov : 2.94 0.20 7.20 8.03 8.21 0.00 2.13 Dec : 2.94 0.20 7.40 8.63 8.81 0.00 1.73 S.-east Asia 8/Nov : 2.06 17.12 4.21 15.56 21.42 0.26 1.71 Dec : 2.06 17.12 4.21 15.56 21.42 0.26 1.71 South Korea Nov : 1.35 0.32 8.87 7.05 9.23 0.00 1.31 Dec : 1.35 0.32 8.87 7.05 9.23 0.00 1.31 Selected other : Brazil Nov : 4.34 52.86 1.01 38.28 45.51 8.03 4.67 Dec : 4.34 52.86 1.01 38.28 45.51 8.03 4.67 China Nov : 32.83 153.40 1.53 106.61 157.85 1.54 28.38 Dec : 32.83 153.40 1.43 106.60 157.74 1.54 28.38 FSU-12 Nov : 5.38 53.99 0.61 35.43 50.60 5.40 3.98 Dec : 5.36 54.38 0.58 35.79 51.16 4.75 4.42 Russia Nov : 1.69 29.65 0.43 19.00 28.88 1.70 1.19 Dec : 1.69 29.45 0.43 19.25 29.33 1.05 1.19 Ukraine Nov : 2.12 14.55 0.02 9.60 12.65 2.51 1.53 Dec : 2.12 14.95 0.02 9.60 12.65 2.51 1.93 =============================================================================== 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-453-22 World Corn Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2005/06 : World 3/ : 130.70 696.37 79.47 476.31 704.03 80.93 123.04 United States : 53.70 282.31 0.22 156.34 232.06 54.20 49.97 Total foreign : 77.00 414.06 79.24 319.97 471.97 26.73 73.07 Major exporters 4/ : 4.15 22.74 1.00 8.40 14.40 10.01 3.46 Argentina : 0.96 15.80 0.06 4.40 6.20 9.46 1.16 South Africa : 3.19 6.94 0.93 4.00 8.20 0.55 2.31 Major importers 5/ : 18.02 103.16 47.86 105.16 149.70 0.84 18.50 Egypt : 0.42 5.93 4.40 8.30 10.10 0.00 0.65 EU-27 6/ : 8.11 61.16 2.63 47.00 61.50 0.45 9.95 Japan : 1.03 0.00 16.62 12.00 16.70 0.01 0.94 Mexico : 4.53 19.50 6.79 12.40 27.90 0.21 2.71 Southeast Asia 7/ : 1.66 16.46 4.40 14.50 20.25 0.17 2.10 South Korea : 1.40 0.07 8.49 6.51 8.58 0.00 1.38 Selected other : Brazil : 4.19 41.70 1.15 33.00 39.50 4.52 3.02 Canada : 1.80 9.36 1.93 8.55 10.84 0.25 2.00 China : 36.56 139.36 0.06 101.00 137.00 3.73 35.26 FSU-12 : 2.14 13.29 0.71 10.27 11.93 2.55 1.65 Ukraine : 1.32 7.15 0.01 4.40 5.10 2.46 0.92 : : 2006/07 (Estimated) : World 3/ : 123.04 703.85 89.79 472.19 720.71 91.14 106.17 United States : 49.97 267.60 0.30 142.19 230.78 53.97 33.12 Total foreign : 73.07 436.25 89.48 330.00 489.93 37.17 73.06 Major exporters 4/ : 3.46 29.80 1.50 9.20 15.30 15.80 3.66 Argentina : 1.16 22.50 0.00 4.80 6.70 15.30 1.66 South Africa : 2.31 7.30 1.50 4.40 8.60 0.50 2.01 Major importers 5/ : 18.50 99.50 54.61 107.51 152.21 1.14 19.27 Egypt : 0.65 5.94 4.80 8.50 10.50 0.00 0.89 EU-27 6/ : 9.95 54.65 7.10 46.50 61.10 0.75 9.85 Japan : 0.94 0.00 16.71 11.90 16.50 0.00 1.15 Mexico : 2.71 22.00 8.80 14.70 30.30 0.00 3.21 Southeast Asia 7/ : 2.10 16.81 4.06 14.80 20.55 0.38 2.03 South Korea : 1.38 0.07 8.74 6.91 8.83 0.00 1.35 Selected other : Brazil : 3.02 51.00 0.90 34.50 41.00 9.70 4.22 Canada : 2.00 8.99 2.10 8.46 11.44 0.31 1.34 China : 35.26 145.48 0.02 103.00 143.00 5.27 32.48 FSU-12 : 1.65 12.85 0.50 10.49 12.13 1.13 1.75 Ukraine : 0.92 6.40 0.00 4.50 5.25 1.00 1.07 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina and South Africa. 5/ Egypt, the EU-27, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-453-23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2007/08 (Projected) World 3/ : November : 104.98 768.22 90.49 481.50 762.82 91.89 110.39 December : 106.17 769.31 91.75 484.17 766.43 94.14 109.06 United States : November : 33.12 334.48 0.38 143.52 260.11 59.69 48.17 December : 33.12 334.48 0.38 143.52 260.11 62.23 45.63 Total foreign : November : 71.87 433.75 90.11 337.98 502.71 32.20 62.22 December : 73.06 434.84 91.37 340.66 506.32 31.91 63.43 Major exporters 4/ : November : 2.46 33.00 0.25 9.15 15.60 17.00 3.11 December : 3.66 32.50 0.25 9.60 15.90 16.80 3.71 Argentina Nov : 1.16 22.50 0.00 4.80 6.70 16.00 0.96 Dec : 1.66 22.50 0.00 4.80 6.70 16.00 1.46 South Africa Nov : 1.31 10.50 0.25 4.35 8.90 1.00 2.16 Dec : 2.01 10.00 0.25 4.80 9.20 0.80 2.26 Major importers 5/ : November : 19.25 93.21 57.80 110.60 156.18 0.56 13.53 December : 19.27 93.56 57.80 110.60 156.18 0.56 13.90 Egypt Nov : 0.89 5.98 4.50 8.60 10.70 0.00 0.67 Dec : 0.89 5.98 4.50 8.60 10.70 0.00 0.67 EU-27 6/ Nov : 9.83 46.91 9.50 46.00 61.00 0.30 4.94 Dec : 9.85 47.26 9.50 46.00 61.00 0.30 5.31 Japan Nov : 1.15 0.00 16.30 11.80 16.50 0.00 0.95 Dec : 1.15 0.00 16.30 11.80 16.50 0.00 0.95 Mexico Nov : 3.21 23.20 10.20 17.50 33.30 0.03 3.28 Dec : 3.21 23.20 10.20 17.50 33.30 0.03 3.28 S.-east Asia 7/Nov : 2.03 17.03 4.20 15.50 21.35 0.24 1.68 Dec : 2.03 17.03 4.20 15.50 21.35 0.24 1.68 South Korea Nov : 1.35 0.06 8.80 7.00 8.90 0.00 1.31 Dec : 1.35 0.06 8.80 7.00 8.90 0.00 1.31 Selected other : Brazil Nov : 4.22 50.00 0.75 36.00 42.50 8.00 4.47 Dec : 4.22 50.00 0.75 36.00 42.50 8.00 4.47 Canada Nov : 1.34 10.56 2.30 8.50 12.40 0.20 1.60 Dec : 1.34 11.65 2.30 9.60 13.50 0.20 1.59 China Nov : 32.48 145.00 0.10 105.00 148.00 1.50 28.08 Dec : 32.48 145.00 0.10 105.00 148.00 1.50 28.08 FSU-12 Nov : 1.75 13.01 0.30 10.54 12.02 1.63 1.40 Dec : 1.75 13.86 0.28 10.86 12.45 1.58 1.85 Ukraine Nov : 1.07 7.00 0.00 5.00 5.60 1.50 0.97 Dec : 1.07 7.40 0.00 5.00 5.60 1.50 1.37 =============================================================================== 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-453-24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total 2/: : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2005/06 World 3/ : 74.73 417.55 26.13 415.45 30.16 76.83 United States : 1.21 7.11 0.54 3.84 3.66 1.37 Total foreign : 73.52 410.44 25.59 411.61 26.50 75.46 Major exporters 4/ : 12.41 138.31 0.36 114.92 20.43 15.73 India : 8.50 91.79 0.01 85.09 4.69 10.52 Pakistan : 0.31 5.55 0.00 1.90 3.66 0.30 Thailand : 2.31 18.20 0.00 9.54 7.38 3.59 Vietnam : 1.29 22.77 0.35 18.39 4.71 1.32 Major importers 5/ : 12.79 59.66 10.79 69.69 0.50 13.04 Brazil : 1.75 7.87 0.75 8.97 0.28 1.11 EU-27 6/ : 1.14 1.73 1.13 2.65 0.16 1.18 Indonesia : 3.45 34.96 0.54 35.74 0.00 3.21 Nigeria : 0.42 2.70 1.78 4.35 0.00 0.55 Philippines : 4.57 9.82 1.62 10.72 0.00 5.29 Sel. Mideast 7/ : 1.27 2.02 3.91 5.61 0.06 1.54 Selected other : Burma : 0.71 10.44 0.00 10.40 0.05 0.70 C. Amer & Carib 8/ : 0.13 0.07 0.48 0.48 0.00 0.20 China : 38.93 126.41 0.65 128.00 1.22 36.78 Egypt : 0.50 4.14 0.03 3.28 0.96 0.43 Japan : 1.92 8.26 0.67 8.25 0.20 2.40 Mexico : 0.17 0.18 0.58 0.78 0.00 0.16 South Korea : 0.82 4.77 0.22 4.77 0.22 0.82 : : 2006/07 (Estimated) World 3/ : 76.83 417.65 28.17 418.85 29.15 75.63 United States : 1.37 6.25 0.65 4.06 2.95 1.27 Total foreign : 75.46 411.40 27.51 414.79 26.21 74.36 Major exporters 4/ : 15.73 139.10 0.46 118.53 20.80 15.96 India : 10.52 92.76 0.00 87.65 4.20 11.43 Pakistan : 0.30 5.20 0.00 2.34 2.60 0.56 Thailand : 3.59 18.25 0.01 9.87 9.40 2.58 Vietnam : 1.32 22.89 0.45 18.67 4.60 1.39 Major importers 5/ : 13.04 58.49 11.56 70.11 0.35 12.63 Brazil : 1.11 7.70 0.85 8.95 0.15 0.56 EU-27 6/ : 1.18 1.69 1.10 2.70 0.15 1.12 Indonesia : 3.21 33.30 1.90 35.55 0.00 2.86 Nigeria : 0.55 2.90 1.60 4.45 0.00 0.60 Philippines : 5.29 10.09 1.80 11.55 0.00 5.63 Sel. Mideast 7/ : 1.54 2.22 3.20 5.20 0.05 1.71 Selected other : Burma : 0.70 10.60 0.00 10.56 0.04 0.70 C. Amer & Carib 8/ : 0.20 0.07 0.45 0.50 0.00 0.22 China : 36.78 127.80 0.60 127.80 1.30 36.08 Egypt : 0.43 4.38 0.10 3.30 1.00 0.62 Japan : 2.40 7.79 0.65 8.25 0.20 2.38 Mexico : 0.16 0.23 0.60 0.80 0.00 0.18 South Korea : 0.82 4.68 0.27 4.88 0.16 0.72 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-27. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. WASDE-453-25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total 2/: : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2007/08 (Projected) World 3/ : November : 77.19 421.16 27.67 424.23 29.69 74.12 December : 75.63 420.48 27.94 423.93 29.86 72.17 United States : November : 1.27 6.33 0.68 3.99 3.42 0.87 December : 1.27 6.33 0.68 3.99 3.49 0.80 Total foreign : November : 75.92 414.83 26.98 420.24 26.27 73.25 December : 74.36 414.15 27.25 419.94 26.37 71.37 Major exporters 4/ : November : 16.56 138.96 0.46 119.23 20.60 16.15 December : 15.96 139.06 0.46 119.43 20.60 15.45 India Nov : 11.43 92.00 0.00 88.80 3.40 11.23 Dec : 11.43 92.00 0.00 88.80 3.40 11.23 Pakistan Nov : 0.26 5.30 0.00 2.11 3.20 0.25 Dec : 0.56 5.40 0.00 2.31 3.20 0.45 Thailand Nov : 3.48 18.40 0.01 9.60 9.00 3.29 Dec : 2.58 18.40 0.01 9.60 9.00 2.39 Vietnam Nov : 1.39 23.26 0.45 18.72 5.00 1.39 Dec : 1.39 23.26 0.45 18.72 5.00 1.39 Major importers 5/ : November : 13.57 59.94 11.08 71.93 0.27 12.40 December : 12.63 59.69 11.08 71.74 0.32 11.34 Brazil Nov : 0.56 7.99 0.85 8.90 0.10 0.40 Dec : 0.56 7.99 0.85 8.90 0.15 0.35 EU-27 6/ Nov : 1.13 1.65 1.10 2.75 0.15 0.99 Dec : 1.12 1.67 1.10 2.75 0.15 0.99 Indonesia Nov : 2.86 34.00 1.60 36.15 0.00 2.31 Dec : 2.86 34.00 1.60 36.15 0.00 2.31 Nigeria Nov : 0.60 3.00 1.70 4.70 0.00 0.60 Dec : 0.60 3.00 1.70 4.70 0.00 0.60 Philippines Nov : 5.63 10.01 1.80 12.06 0.00 5.38 Dec : 5.63 10.01 1.80 12.06 0.00 5.38 Sel. Mideast 7/Nov : 2.64 2.69 2.96 5.70 0.02 2.57 Dec : 1.71 2.42 2.96 5.51 0.02 1.55 Selected other : Burma Nov : 0.70 10.66 0.00 10.70 0.05 0.61 Dec : 0.70 10.66 0.00 10.70 0.10 0.56 C. Am & Car. 8/Nov : 0.22 0.07 0.40 0.49 0.00 0.19 Dec : 0.22 0.07 0.40 0.49 0.00 0.19 China Nov : 36.08 129.50 0.70 129.10 1.60 35.58 Dec : 36.08 129.50 0.70 129.10 1.60 35.58 Egypt Nov : 0.62 4.41 0.00 3.47 1.10 0.45 Dec : 0.62 4.41 0.00 3.47 1.10 0.45 Japan Nov : 2.38 7.94 0.70 8.15 0.20 2.67 Dec : 2.38 7.94 0.70 8.15 0.20 2.67 Mexico Nov : 0.18 0.20 0.63 0.80 0.00 0.20 Dec : 0.18 0.20 0.63 0.80 0.00 0.20 South Korea Nov : 0.72 4.50 0.27 4.75 0.15 0.58 Dec : 0.72 4.50 0.27 4.75 0.15 0.58 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, the EU-27. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. WASDE-453-26 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2005/06 : World : 57.35 117.69 44.37 116.11 44.53 -1.60 60.38 United States : 5.50 23.89 0.03 5.87 17.55 -0.06 6.05 Total foreign : 51.86 93.80 44.34 110.24 26.98 -1.54 54.33 Major exporters 4/ : 22.38 43.71 1.74 25.46 22.40 -0.24 20.21 Central Asia 5/ : 2.33 8.37 0.20 1.48 7.24 0.00 2.19 Afr. Fr. Zone 6/ : 1.87 4.24 3/ 0.19 4.44 0.00 1.48 S. Hemis. 7/ : 7.99 8.94 0.61 5.51 5.55 -0.25 6.75 Australia : 1.96 2.80 3/ 0.06 2.88 -0.12 1.94 Brazil : 5.03 4.70 0.31 4.40 1.97 -0.15 3.82 India : 8.76 19.05 0.40 16.50 3.45 0.00 8.26 Major importers 8/ : 27.04 46.53 40.08 80.15 2.89 -1.31 31.91 Mexico : 1.32 0.64 1.74 2.10 0.25 0.03 1.32 China : 15.06 29.50 19.28 45.00 0.04 -1.50 20.31 EU-27 9/ : 1.15 2.51 2.31 2.72 2.01 0.06 1.18 Russia : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Turkey : 1.79 3.55 3.40 6.90 0.18 0.00 1.67 Pakistan : 4.95 10.17 1.62 11.50 0.29 0.03 4.91 Indonesia : 0.38 0.03 2.20 2.18 0.02 0.05 0.37 Thailand : 0.57 0.02 1.89 2.05 0.01 0.03 0.41 Bangladesh : 0.38 0.07 2.21 2.20 0.00 0.01 0.46 : : 2006/07 (Estimated) : World : 60.38 122.07 37.28 123.38 37.55 -2.17 60.96 United States : 6.05 21.59 0.02 4.95 13.01 0.22 9.48 Total foreign : 54.33 100.48 37.26 118.44 24.54 -2.39 51.49 Major exporters 4/ : 20.21 45.68 2.21 27.48 20.75 -0.19 20.05 Central Asia 5/ : 2.19 8.18 0.31 1.59 6.88 0.00 2.21 Afr. Fr. Zone 6/ : 1.48 3.64 3/ 0.19 3.81 0.00 1.13 S. Hemis. 7/ : 6.75 9.87 0.95 5.71 4.09 -0.20 7.97 Australia : 1.94 1.35 3/ 0.06 2.13 -0.07 1.18 Brazil : 3.82 7.00 0.52 4.50 1.30 -0.15 5.68 India : 8.26 21.80 0.40 18.20 5.00 0.00 7.26 Major importers 8/ : 31.91 51.73 32.37 86.36 2.42 -2.21 29.44 Mexico : 1.32 0.65 1.35 2.10 0.18 0.03 1.03 China : 20.31 35.50 10.59 50.00 0.09 -2.40 18.71 EU-27 9/ : 1.18 1.61 2.02 2.36 1.58 0.06 0.83 Russia : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Turkey : 1.67 3.90 4.00 7.30 0.21 0.00 2.06 Pakistan : 4.91 9.90 2.30 12.50 0.26 0.03 4.33 Indonesia : 0.37 0.03 2.20 2.18 0.02 0.05 0.35 Thailand : 0.41 0.02 1.95 1.95 0.00 0.03 0.40 Bangladesh : 0.46 0.07 2.40 2.40 0.00 0.01 0.52 =============================================================================== 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, South Korea, Taiwan, and Vietnam. 9/ Includes intra-EU trade. WASDE-453-27 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2007/08 (Projected) World : November : 60.83 119.36 41.43 129.24 41.11 -3.54 54.81 December : 60.96 118.76 41.70 128.27 41.38 -3.52 55.29 United States : November : 9.48 18.86 0.02 4.60 16.20 -0.04 7.60 December : 9.48 18.99 0.02 4.60 16.20 -0.02 7.70 Total foreign : November : 51.35 100.50 41.41 124.65 24.91 -3.50 47.21 December : 51.49 99.77 41.68 123.67 25.18 -3.50 47.59 Major exporters 4/ : November : 19.95 46.62 2.05 28.73 21.41 -0.19 18.66 December : 20.05 47.03 2.07 28.71 21.75 -0.19 18.88 Central Asia 5/Nov : 2.21 8.27 0.30 1.70 6.92 0.00 2.16 Dec : 2.21 8.35 0.30 1.70 7.02 0.00 2.14 Afr. Fr. Zn. 6/Nov : 1.13 2.90 3/ 0.19 3.06 0.00 0.77 Dec : 1.13 2.93 3/ 0.19 3.06 0.00 0.80 S. Hemis 7/ Nov : 7.97 9.25 0.80 5.75 4.93 -0.20 7.55 Dec : 7.97 9.08 0.82 5.72 4.88 -0.20 7.47 Australia Nov : 1.18 0.70 3/ 0.05 1.45 -0.07 0.45 Dec : 1.18 0.60 3/ 0.05 1.40 -0.07 0.40 Brazil Nov : 5.68 7.00 0.40 4.50 2.80 -0.15 5.93 Dec : 5.68 7.00 0.40 4.50 2.80 -0.15 5.93 India Nov : 7.16 23.50 0.40 19.30 5.00 0.00 6.76 Dec : 7.26 24.00 0.40 19.30 5.30 0.00 7.06 Major importers 8/ : November : 29.44 50.94 36.75 91.48 2.23 -3.32 26.74 December : 29.44 49.70 36.99 90.43 2.15 -3.32 26.87 Mexico Nov : 1.03 0.65 1.50 2.05 0.18 0.03 0.93 Dec : 1.03 0.65 1.50 2.00 0.18 0.03 0.98 China Nov : 18.71 35.50 14.50 55.00 0.05 -3.50 17.16 Dec : 18.71 35.50 14.50 55.00 0.08 -3.50 17.14 EU-27 9/ Nov : 0.83 1.57 1.88 2.15 1.43 0.05 0.65 Dec : 0.83 1.58 1.87 2.15 1.42 0.05 0.65 Russia Nov : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Dec : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Turkey Nov : 2.06 3.30 3.75 7.20 0.20 0.00 1.71 Dec : 2.06 3.30 3.75 7.20 0.20 0.00 1.71 Pakistan Nov : 4.33 9.75 3.00 13.00 0.25 0.03 3.80 Dec : 4.33 8.50 3.25 12.00 0.15 0.03 3.90 Indonesia Nov : 0.35 0.03 2.25 2.20 0.02 0.05 0.36 Dec : 0.35 0.03 2.25 2.20 0.02 0.05 0.36 Thailand Nov : 0.40 0.02 1.90 1.90 0.00 0.03 0.39 Dec : 0.40 0.02 1.90 1.90 0.00 0.03 0.39 Bangladesh Nov : 0.52 0.07 2.45 2.50 0.00 0.01 0.54 Dec : 0.52 0.07 2.45 2.50 0.00 0.01 0.54 =============================================================================== 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, South Korea, Taiwan, and Vietnam. 9/ Includes intra-EU trade. WASDE-453-28 World Soybean Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : : :stocks :Beginning:Produc-: : Domestic : : : stocks : tion :Imports: Crush : Total :Exports: =============================================================================== : : 2005/06 World 2/ : 47.41 220.44 64.15 185.03 215.19 63.99 52.81 United States : 6.96 83.37 0.09 47.32 52.61 25.58 12.23 Total foreign : 40.45 137.07 64.06 137.70 162.58 38.41 40.58 Major exporters 3/ : 32.91 101.14 0.66 61.39 65.87 35.63 33.21 Argentina : 15.98 40.50 0.58 31.89 33.34 7.25 16.47 Brazil : 16.75 57.00 0.06 28.29 31.17 25.91 16.73 Major importers 4/ : 6.40 18.99 53.17 56.66 72.18 0.42 5.97 China : 4.70 16.35 28.32 34.50 44.54 0.35 4.47 EU-27 : 0.88 1.17 13.95 13.53 14.97 0.05 0.99 Japan : 0.26 0.23 3.96 2.82 4.19 0.00 0.26 Mexico : 0.05 0.19 3.67 3.82 3.86 0.00 0.04 : : 2006/07 (Estimated) World 2/ : 52.81 235.57 68.85 195.51 225.02 71.11 61.11 United States : 12.23 86.77 0.25 49.16 53.23 30.43 15.59 Total foreign : 40.58 148.80 68.60 146.35 171.79 40.68 45.52 Major exporters 3/ : 33.21 112.40 2.05 66.19 70.77 37.15 39.74 Argentina : 16.47 47.20 1.99 33.59 35.08 9.51 21.06 Brazil : 16.73 59.00 0.05 30.68 33.63 23.49 18.67 Major importers 4/ : 5.97 18.57 55.52 59.13 74.91 0.52 4.64 China : 4.47 16.00 28.73 35.50 45.63 0.45 3.12 EU-27 : 0.99 1.24 15.15 14.86 16.30 0.05 1.03 Japan : 0.26 0.23 4.09 2.93 4.31 0.00 0.27 Mexico : 0.04 0.08 3.91 3.96 3.99 0.00 0.04 : : 2007/08 (Projected) World 2/ : November : 62.08 220.81 75.20 203.07 233.53 75.22 49.35 December : 61.11 221.59 75.26 204.74 235.20 75.44 47.32 United States : November : 15.59 70.61 0.16 49.67 54.12 26.54 5.71 December : 15.59 70.61 0.16 49.80 54.25 27.08 5.03 Total foreign : November : 46.50 150.21 75.04 153.40 179.41 48.69 43.64 December : 45.52 150.99 75.09 154.94 180.95 48.36 42.29 Major exporters 3/ : November : 40.64 115.50 2.21 69.67 74.37 45.79 38.19 December : 39.74 115.50 2.21 70.25 74.93 45.49 37.03 Argentina Nov : 21.93 47.00 2.10 38.50 40.08 10.20 20.75 Dec : 21.06 47.00 2.10 38.50 40.06 10.50 19.60 Brazil Nov : 18.67 62.00 0.10 29.70 32.68 30.69 17.41 Dec : 18.67 62.00 0.10 29.70 32.68 30.69 17.41 Major importers 4/ : November : 4.60 16.57 61.37 61.89 77.90 0.37 4.27 December : 4.64 16.47 61.36 61.92 77.89 0.37 4.20 China Nov : 3.12 14.30 33.50 37.60 47.85 0.30 2.77 Dec : 3.12 14.30 34.00 38.10 48.35 0.30 2.77 EU-27 Nov : 0.99 0.94 15.76 15.27 16.72 0.05 0.92 Dec : 1.03 0.84 15.25 14.80 16.22 0.05 0.85 Japan Nov : 0.27 0.23 4.15 2.93 4.33 0.00 0.32 Dec : 0.27 0.23 4.15 2.93 4.33 0.00 0.32 Mexico Nov : 0.04 0.10 3.95 4.01 4.05 0.00 0.04 Dec : 0.04 0.10 3.95 4.01 4.05 0.00 0.04 =============================================================================== 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and Paraguay. 4/ Japan, China, and EU, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). WASDE-453-29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2005/06 World 2/ : 6.44 145.55 50.71 145.78 51.42 5.50 United States : 0.16 37.42 0.13 30.11 7.30 0.29 Total foreign : 6.29 108.13 50.58 115.66 44.12 5.21 Major exporters 3/ : 3.88 51.63 0.20 11.83 40.77 3.11 Argentina : 1.42 25.01 0.00 0.57 24.20 1.67 Brazil : 1.58 21.84 0.20 9.60 12.90 1.12 India : 0.88 4.77 0.00 1.66 3.68 0.31 Major importers 4/ : 1.23 39.27 29.45 67.76 1.09 1.10 EU-27 : 0.86 10.64 22.82 32.76 0.70 0.87 China : 0.00 27.30 0.84 27.78 0.36 0.00 : : 2006/07 (Estimated) World 2/ : 5.50 153.69 51.62 151.53 53.87 5.41 United States : 0.29 39.03 0.14 31.17 7.97 0.32 Total foreign : 5.21 114.66 51.48 120.36 45.90 5.09 Major exporters 3/ : 3.11 55.01 0.17 13.47 41.67 3.14 Argentina : 1.67 26.06 0.00 0.56 25.59 1.59 Brazil : 1.12 23.68 0.17 10.87 12.72 1.38 India : 0.31 5.27 0.00 2.05 3.36 0.18 Major importers 4/ : 1.10 41.13 28.53 68.24 1.45 1.07 EU-27 : 0.87 11.70 22.23 33.37 0.55 0.87 China : 0.00 28.10 0.03 27.27 0.87 0.00 : : 2007/08 (Projected) World 2/ : November : 5.77 160.01 56.13 159.84 56.36 5.71 December : 5.41 161.31 55.46 159.51 57.29 5.38 United States : November : 0.32 39.36 0.15 32.02 7.53 0.27 December : 0.32 39.45 0.15 32.02 7.62 0.27 Total foreign : November : 5.45 120.66 55.98 127.82 48.83 5.44 December : 5.09 121.86 55.31 127.49 49.67 5.10 Major exporters 3/ : November : 3.49 58.77 0.22 13.95 44.99 3.54 December : 3.14 59.47 0.22 14.15 45.49 3.20 Argentina Nov : 1.62 30.23 0.00 0.64 29.49 1.72 Dec : 1.59 30.23 0.00 0.64 29.49 1.68 Brazil Nov : 1.58 23.00 0.22 11.24 12.00 1.56 Dec : 1.38 23.00 0.22 11.24 12.00 1.36 India Nov : 0.29 5.55 0.00 2.08 3.50 0.26 Dec : 0.18 6.25 0.00 2.27 4.00 0.15 Major importers 4/ : November : 1.07 43.19 31.98 73.86 1.34 1.04 December : 1.07 43.19 31.00 72.98 1.24 1.04 EU-27 Nov : 0.87 12.00 24.40 35.76 0.65 0.86 Dec : 0.87 11.66 23.40 34.51 0.55 0.86 China Nov : 0.00 29.80 0.85 30.00 0.65 0.00 Dec : 0.00 30.15 0.85 30.35 0.65 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-453-30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2005/06 World 2/ : 3.01 34.50 8.95 33.46 9.82 3.18 United States : 0.77 9.25 0.02 8.15 0.52 1.37 Total foreign : 2.24 25.25 8.93 25.31 9.30 1.81 Major exporters 3/ : 1.14 13.85 0.74 6.40 8.33 1.00 Argentina : 0.49 6.00 0.00 0.40 5.60 0.49 Brazil : 0.45 5.43 0.03 3.13 2.47 0.31 EU-27 : 0.20 2.42 0.71 2.87 0.27 0.19 Major importers 4/ : 0.64 7.20 3.26 10.55 0.12 0.43 China : 0.25 6.15 1.52 7.61 0.11 0.20 India : 0.39 1.05 1.73 2.92 0.01 0.23 Pakistan : 0.01 0.00 0.02 0.02 0.00 0.00 : : 2006/07 (Estimated) World 2/ : 3.18 36.29 9.83 35.68 10.58 3.04 United States : 1.37 9.29 0.02 8.50 0.86 1.32 Total foreign : 1.81 27.00 9.81 27.18 9.73 1.72 Major exporters 3/ : 1.00 14.97 0.97 7.34 8.64 0.95 Argentina : 0.49 6.42 0.00 0.58 5.95 0.39 Brazil : 0.31 5.89 0.01 3.38 2.46 0.36 EU-27 : 0.19 2.66 0.96 3.38 0.23 0.20 Major importers 4/ : 0.43 7.53 3.84 11.24 0.10 0.46 China : 0.20 6.34 2.40 8.60 0.09 0.25 India : 0.23 1.18 1.40 2.60 0.01 0.21 Pakistan : 0.00 0.01 0.04 0.04 0.00 0.00 : : 2007/08 (Projected) World 2/ : November : 3.14 37.73 10.56 38.07 10.75 2.60 December : 3.04 37.97 10.35 38.05 10.74 2.57 United States : November : 1.32 9.40 0.02 9.12 0.70 0.92 December : 1.32 9.42 0.02 9.03 0.75 0.98 Total foreign : November : 1.82 28.33 10.54 28.96 10.05 1.69 December : 1.72 28.55 10.33 29.02 9.99 1.59 Major exporters 3/ : November : 1.05 15.79 1.06 7.81 9.10 0.99 December : 0.95 15.70 0.92 7.79 8.90 0.89 Argentina Nov : 0.49 7.35 0.00 0.75 6.60 0.49 Dec : 0.39 7.35 0.00 0.94 6.40 0.40 Brazil Nov : 0.36 5.70 0.01 3.50 2.27 0.30 Dec : 0.36 5.70 0.01 3.50 2.27 0.30 EU-27 Nov : 0.20 2.74 1.05 3.56 0.23 0.20 Dec : 0.20 2.65 0.92 3.35 0.23 0.19 Major importers 4/ : November : 0.47 8.03 4.18 12.19 0.05 0.43 December : 0.46 8.20 4.05 12.24 0.05 0.42 China Nov : 0.26 6.73 2.60 9.34 0.04 0.22 Dec : 0.25 6.80 2.60 9.41 0.04 0.21 India Nov : 0.21 1.29 1.53 2.80 0.02 0.21 Dec : 0.21 1.40 1.40 2.78 0.02 0.21 Pakistan Nov : 0.00 0.01 0.05 0.06 0.00 0.00 Dec : 0.00 0.01 0.05 0.06 0.00 0.00 =============================================================================== 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and EU. 4/ India, China and Pakistan. WASDE-453-31 U.S. Quarterly Animal Product Production 1/ =============================================================================== Year : : : Red : : : Total: Red : : : and : : : meat : : :poultry: meat & : : : quarter : Beef : Pork : 2/ :Broiler:Turkey: 3/ : poultry: Egg : Milk : =============================================================================== : Million pounds Mil doz Bil lbs 2006 : IV : 6513 5625 12224 8801 1473 10395 22619 1917 44.6 Annual : 26153 21055 47540 35752 5686 41943 89483 7572 181.8 : 2007 : I : 6235 5396 11720 8574 1410 10099 21819 1861 46.0 II : 6649 5128 11856 9021 1473 10622 22478 1865 47.4 III : 6801 5255 12128 9106 1489 10723 22851 1877 46.1 IV *: 6660 6050 12792 9175 1520 10820 23612 1925 45.9 Annual : Nov Proj : 26135 21754 48211 35825 5892 42213 90424 7533 185.3 Dec Proj : 26345 21829 48496 35876 5892 42264 90760 7528 185.4 : 2008 : I *: 6210 5510 11806 8875 1430 10425 22231 1885 47.8 II *: 6610 5360 12049 9300 1495 10925 22974 1895 49.0 III *: 6835 5435 12348 9350 1490 10970 23318 1920 47.0 Annual : Nov Proj : 26000 22265 48591 36850 5940 43295 91886 7625 190.1 Dec Proj : 26000 22230 48556 36850 5940 43295 91851 7650 190.5 =============================================================================== * 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 2006 : IV : 86.61 46.13 65.9 89.8 89.0 13.90 Annual : 85.41 47.26 64.4 77.0 71.8 12.90 : 2007 : I : 90.61 46.04 75.0 69.7 105.3 15.00 II : 93.45 52.55 80.3 77.9 92.0 18.27 III : 91.36 50.34 79.2 89.9 119.1 21.67 IV *: 92-93 38-39 70-71 91-92 134-137 21.45-21.65 Annual : Nov Proj : 91.61 46.98 76.1 82.4 109.1 18.95-19.05 Dec Proj : 91.98 46.86 76.3 82.3 113.0 19.05-19.15 : 2008 : I *: 89-93 40-42 70-74 72-76 107-113 20.05-20.55 II *: 88-96 45-49 72-78 73-79 94-102 18.00-18.80 III *: 86-94 47-51 73-79 76-82 87-95 16.80-17.80 Annual : Nov Proj : 87-94 44-47 72-78 75-81 90-96 17.70-18.60 Dec Proj : 87-94 44-47 71-76 75-81 95-102 18.00-18.80 =============================================================================== *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-453-32 U.S. Meats Supply and Use ============================================================================ : Supply : Use :--------------------------------------------------------- : : : : : : : Disappearance : : Pro- : : : : :--------------- : Beg- : duc- : : : : End- : : Per Item :inning: tion : Im- :Total : Ex- : ing : :capita :stocks: 1/ :ports :supply: ports:stocks:Total : 2/ 3/ ============================================================================ : Million pounds 4/ BEEF : 2006 : 571 26258 3085 29914 1145 630 28139 65.7 2007 Proj. Nov : 630 26240 3244 30114 1432 575 28107 65.0 Dec : 630 26450 3178 30258 1436 575 28247 65.3 2008 Proj. Nov : 575 26105 3420 30100 1710 600 27790 63.7 Dec : 575 26105 3380 30060 1710 600 27750 63.6 : PORK : 2006 : 494 21075 990 22559 2995 514 19050 49.3 2007 Proj. Nov : 514 21774 1005 23293 3027 560 19706 50.5 Dec : 514 21849 1000 23363 3040 560 19763 50.7 2008 Proj. Nov : 560 22285 1025 23870 3180 565 20125 51.1 Dec : 560 22250 1025 23835 3180 565 20090 51.0 : TOTAL RED MEAT 5/ : 2006 : 1080 47679 4265 53024 4158 1166 47700 116.5 2007 Proj. Nov : 1166 48349 4444 53959 4469 1152 48338 117.0 Dec : 1166 48634 4372 54172 4486 1152 48534 117.5 2008 Proj. Nov : 1152 48729 4641 54522 4900 1182 48440 116.3 Dec : 1152 48694 4601 54447 4900 1182 48365 116.1 : BROILERS : 2006 : 924 35369 47 36340 5205 745 30389 87.1 2007 Proj. Nov : 745 35442 64 36250 5468 675 30107 85.4 Dec : 745 35492 61 36298 5611 675 30012 85.2 2008 Proj. Nov : 675 36456 60 37191 5565 750 30876 86.8 Dec : 675 36456 60 37191 5615 750 30826 86.7 : TURKEYS : 2006 : 206 5612 12 5829 547 218 5065 16.9 2007 Proj. Nov : 218 5815 10 6043 554 245 5244 17.3 Dec : 218 5815 10 6043 562 245 5236 17.3 2008 Proj. Nov : 245 5862 12 6119 605 275 5239 17.2 Dec : 245 5862 12 6119 605 275 5239 17.2 : TOTAL POULTRY 6/ : 2006 : 1132 41485 61 42678 5911 969 35798 105.1 2007 Proj. Nov : 969 41752 77 42797 6191 928 35679 103.9 Dec : 969 41802 74 42845 6338 928 35579 103.6 2008 Proj. Nov : 928 42822 75 43825 6320 1033 36472 105.1 Dec : 928 42822 75 43825 6370 1033 36422 105.0 : RED MEAT & POULTRY: 2006 : 2212 89164 4326 95702 10070 2135 83498 221.6 2007 Proj. Nov : 2135 90101 4521 96756 10660 2080 84017 220.9 Dec : 2135 90436 4446 97017 10824 2080 84113 221.1 2008 Proj. Nov : 2080 91551 4716 98347 11220 2215 84912 221.4 Dec : 2080 91516 4676 98272 11270 2215 84787 221.1 ============================================================================ 1/ Total including farm production for red meats and, for poultry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis. 3/ Population source: Dept. of Commerce, Census Bureau. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. WASDE-453-33 U.S. Egg Supply and Use =============================================================================== : : : 2007 Projected : 2008 Projected : : :-----------------:------------------ Commodity : 2005 : 2006 : Nov : Dec : Nov : Dec =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 14.5 16.0 12.5 12.5 13.0 13.0 Production : 7509.0 7572.0 7533.0 7528.0 7625.0 7650.0 Imports : 12.9 10.8 13.9 14.6 14.0 14.0 Total supply : 7536.4 7598.8 7559.4 7555.1 7652.0 7677.0 : Use : Exports : 203.3 202.0 241.9 245.5 230.0 230.0 Hatching use : 999.8 994.0 1017.1 1012.1 1030.0 1030.0 Ending stocks : 16.0 12.5 13.0 13.0 12.0 12.0 Disappearance : Total : 6317.3 6390.3 6287.4 6284.5 6380.0 6405.0 Per capita (number) : 255.3 255.7 249.3 249.2 250.6 251.6 =============================================================================== U.S. Milk Supply and Use =============================================================================== : : : 2007 Projected : 2008 Projected Commodity : : :-----------------:------------------ : 2005 : 2006 : Nov : Dec : Nov : Dec =============================================================================== : Billion pounds Milk : Production : 176.9 181.8 185.3 185.4 190.1 190.5 Farm use : 1.1 1.1 1.1 1.1 1.1 1.1 : Fat Basis Supply : Beg. commercial stocks : 7.2 8.0 9.5 9.5 9.9 9.9 Marketings : 175.8 180.7 184.2 184.3 188.9 189.4 Imports : 5.0 5.0 4.8 4.8 4.7 4.7 Total cml. supply : 187.9 193.6 198.5 198.6 203.6 204.0 : Fat Basis Use : Ending commercial stks : 8.0 9.5 9.9 9.9 9.3 9.3 CCC net removals 1/ : 0.0 0.0 0.0 0.0 0.0 0.0 Commercial use 2/ : 179.9 184.1 188.6 188.7 194.3 194.7 : Skim-solids Basis Supply : Beg. commercial stocks : 8.2 9.0 9.1 9.1 9.3 9.5 Marketings : 175.8 180.7 184.2 184.3 188.9 189.4 Imports : 4.8 4.8 4.4 4.5 4.4 4.4 Total cml. supply : 188.8 194.4 197.7 197.9 202.7 203.3 : Skim-solids Basis Use : Ending commercial stks : 9.0 9.1 9.3 9.5 9.2 9.3 CCC net removals 1/ : -1.0 0.7 0.0 0.0 0.0 0.0 Commercial use 2/ : 180.8 184.5 188.4 188.4 193.5 194.0 : : Million pounds CCC product net removals 1: Butter : 0 0 0 0 0 0 Cheese : -2 0 0 0 0 0 Nonfat dry milk : -81 64 0 0 0 0 Dry whole milk : 0 0 0 0 0 0 =============================================================================== Note: Totals may not add due to rounding. 1/ Includes products exported under the Dairy Export Incentive Program. 2/ Includes commercial exports. WASDE-453-34 U.S. Dairy Prices ============================================================================ : : : 2007 Projected : 2008 Projected : : :-----------------:------------------ Commodity : 2005 : 2006 : Nov : Dec : Nov : Dec ============================================================================ : Dollars per pound : Product Prices 1/ : Cheese : 1.4875 1.2470 1.715- 1.735- 1.605- 1.640- : 1.725 1.745 1.695 1.720 : Butter : 1.5405 1.2193 1.330- 1.330- 1.190- 1.205- : 1.360 1.360 1.310 1.315 : Nonfat dry milk : 0.9409 0.8928 1.720- 1.705- 1.645- 1.645- : 1.740 1.725 1.715 1.705 : Dry whey : 0.2782 0.3285 0.590- 0.595- 0.430- 0.430- : 0.600 0.605 0.460 0.460 : : Dollars per cwt Milk Prices 2/ : Class III : 14.05 11.89 17.80- 18.00- 15.75- 16.15- : 17.90 18.10 16.65 16.95 : Class IV : 12.87 11.06 18.45- 18.30- 17.35- 17.40- : 18.65 18.50 18.35 18.30 : All milk 3/ : 15.13 12.90 18.95- 19.05- 17.70- 18.00- : 19.05 19.15 18.60 18.80 : ============================================================================ 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-453-35 Note: Tables on pages 35-37 present a 26-year record of the differences between the December projection and the final estimate. Using world wheat production as an example, changes between the December projection and the final estimate have averaged 3.9 million tons (0.7%) ranging from -10.2 to 6.1 million tons. The December projection has been below the estimate 18 times and above 8 times. Reliability of December Projections =============================================================================== :Differences between proj. & final estimate,1981/82-2006/07 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== WHEAT :Percent Million metric tons Number of years 2/ Production : World : 0.7 3.9 -10.2 6.1 18 8 U.S. : 0.3 0.2 -1.2 0.5 13 9 Foreign : 0.8 3.9 -10.3 6.3 18 8 Exports : World : 3.4 3.8 -12.6 5.7 20 6 U.S. : 4.8 1.6 -3.9 3.4 13 13 Foreign : 4.9 3.9 -11.2 5.9 22 4 Domestic use : World : 0.9 4.9 -13.0 11.0 16 10 U.S. : 5.1 1.5 -2.4 3.6 8 18 Foreign : 1.0 4.9 -16.1 8.7 18 8 Ending stocks : World : 4.5 5.7 -15.0 6.1 18 8 U.S. : 8.6 1.8 -7.0 2.1 16 10 Foreign : 4.5 4.6 -12.5 9.7 17 9 : COARSE GRAINS 3/ : Production : World : 1.1 9.1 -21.6 6.9 17 9 U.S. : 1.0 2.4 -7.5 5.8 14 12 Foreign : 1.5 9.2 -24.0 7.6 16 10 Exports : World : 4.5 4.7 -10.8 12.4 18 8 U.S. : 10.8 5.7 -11.6 12.4 11 15 Foreign : 9.8 5.2 -14.9 7.2 15 10 Domestic use : World : 1.1 9.2 -19.4 22.8 15 11 U.S. : 2.9 5.4 -17.9 16.5 14 12 Foreign : 1.2 7.8 -14.3 22.7 17 9 Ending stocks : World : 8.4 11.8 -30.3 17.5 20 6 U.S. : 16.9 8.3 -23.9 21.2 14 12 Foreign : 10.9 9.1 -31.8 8.3 20 6 : RICE, milled : Production : World : 1.6 5.6 -16.2 4.7 20 6 U.S. : 2.7 0.2 -0.3 0.5 14 10 Foreign : 1.6 5.6 -16.2 4.6 21 5 Exports : World : 7.6 1.5 -6.1 0.9 21 5 U.S. : 6.0 0.2 -0.6 0.3 14 10 Foreign : 8.7 1.4 -6.0 0.9 19 7 Domestic use : World : 1.1 3.7 -15.9 1.5 20 6 U.S. : 5.6 0.2 -0.4 0.4 14 12 Foreign : 1.1 3.7 -16.1 1.7 19 7 Ending stocks : World : 8.5 3.9 -14.8 4.8 19 7 U.S. : 15.8 0.2 -0.6 0.8 13 13 Foreign : 8.9 4.0 -14.2 4.6 19 7 =============================================================================== 1/ Footnotes at end of table. CONTINUED WASDE-453-36 Reliability of December Projections (Continued) =============================================================================== :Differences between proj. & final estimate,1981/82-2006/07 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== SOYBEANS :Percent Million metric tons Number of years 2/ Production : World : 2.8 4.1 -9.0 17.7 15 11 U.S. : 1.6 0.9 -2.7 2.1 9 17 Foreign : 4.7 3.9 -9.4 17.0 14 12 Exports : World : 5.1 2.2 -8.1 11.5 15 11 U.S. : 7.0 1.6 -3.9 4.8 14 12 Foreign : 15.3 2.1 -7.4 11.4 14 12 Domestic use : World : 2.4 3.2 -5.8 11.2 16 10 U.S. : 2.7 1.1 -3.6 2.1 19 7 Foreign : 3.1 2.9 -5.4 11.9 16 10 Ending stocks : World : 13.1 3.3 -8.2 18.5 16 10 U.S. : 26.1 1.9 -2.8 5.6 7 19 Foreign : 16.6 3.1 -8.4 12.9 17 9 : COTTON : Million 480-pound bales Production : World : 2.4 2.2 -6.4 4.4 15 10 U.S. : 1.4 0.2 -0.5 0.4 14 11 Foreign : 2.9 2.2 -6.7 4.3 14 11 Exports : World : 4.6 1.3 -4.1 3.6 16 10 U.S. : 10.9 0.8 -1.9 3.0 16 10 Foreign : 4.9 0.9 -3.3 1.6 14 11 Mill use : World : 2.0 1.8 -6.0 1.6 15 11 U.S. : 3.9 0.3 -0.9 1.0 15 10 Foreign : 2.1 1.7 -5.5 2.1 16 10 Ending stocks : World : 9.7 3.6 -9.3 9.4 14 12 U.S. : 21.3 1.0 -3.2 2.2 7 19 Foreign : 9.8 3.3 -8.6 8.9 17 9 =============================================================================== 1/ Final estimate for 1981/82-2005/06 is defined as the first November estimate following the marketing year and for 2006/07 last month's estimate. 2/ May not total 26 if projection was the same as final estimate. 3/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. WASDE-453-37 Reliability of United States December Projections 1/ =============================================================================== :Differences between proj. & final estimate,1981/82-2006/07 2/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== CORN :Percent Million bushels Number of years 3/ Production : 1.1 85 -250 210 14 11 Exports : 11.1 199 -450 408 11 15 Domestic use : 3.2 207 -574 535 17 9 Ending stocks : 19.7 320 -986 907 14 12 : SORGHUM : Production : 2.5 15 -53 52 12 14 Exports : 12.4 29 -90 97 18 7 Domestic use : 9.6 39 -114 127 10 16 Ending stocks : 30.0 31 -104 82 12 14 : BARLEY : Production : 1.0 5 -12 24 10 10 Exports : 19.3 11 -37 30 10 14 Domestic use : 5.7 20 -30 70 10 15 Ending stocks : 10.9 15 -39 28 17 8 : OATS : Production : 0.8 3 -18 16 7 8 Exports : 44.0 1 -4 7 7 7 Domestic use : 3.2 12 -39 36 13 13 Ending stocks : 12.4 14 -46 52 16 10 : : Thousand short tons SOYBEAN MEAL : Production : 2.6 849 -2578 1265 17 9 Exports : 9.4 644 -1900 1300 14 12 Domestic use : 2.4 595 -1206 1166 16 10 Ending stocks : 28.0 68 -214 188 12 13 : : Million pounds SOYBEAN OIL : Production : 2.6 384 -1418 745 18 8 Exports : 19.5 293 -900 964 12 12 Domestic use : 2.3 310 -985 500 17 9 Ending stocks : 15.6 248 -639 708 15 11 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 3.3 815 -852 2311 17 7 Pork : 2.6 446 -1240 1592 13 11 Broilers : 1.4 344 -1337 516 15 9 Turkeys : 1.9 91 -294 181 15 9 : : Million dozen Eggs : 1.3 79 -127 175 16 7 : : Billion pounds Milk : 1.3 2.0 -6.1 5.7 13 11 =============================================================================== 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. 2/ Final estimate for 1981/82-2005/06 is defined as the first November estimate following the marketing year and for 2006/07 last month's estimate. 3/ May not total 26 for crops and 24 for animal production if projection was the same as the final estimate. 4/ Calendar years 1983 thru 2006 for meats, eggs, and milk. Final for animal products is defined as latest annual production estimate published by NASS. ------------- End of File ------------