ISSN:1554-9089 (Corrected copy) WASDE-435 June 9, 2006 Note: Because planting of spring crops is still underway in the Northern Hemisphere and remains several months away in the Southern Hemisphere, these projections are tentative. Variation in area and yields may result from weather developments, economic factors, and policy changes. National Agricultural Statistics Service (NASS) forecasts are used for U.S. winter wheat. For other U.S. crops, the March 31 NASS Prospective Plantings report is used for planted acreage, and methods used to project harvested acreage and yield are noted on each table. WHEAT: The 2006/07 U.S. wheat crop is lowered 59 million bushels from last month, based on lower forecast yield of winter wheat. Projected spring wheat production is unchanged. Imports are raised 5 million bushels. Wheat feed and residual use is lowered 25 million bushels, and seed use is raised 2 million. Ending stocks are lowered 32 million bushels to 416 million. The 2006/07 price range is increased 10 cents on both ends of the range to $3.60 to $4.20 per bushel, compared with an estimated $3.42 for 2005/06. The 2006/07 global wheat outlook includes little change in total supply and use, compared with last month. Higher production in Ukraine, Pakistan, Canada, EU-25, and several other countries is offset by lower production in the United States, Argentina, Russia, and other countries. Exports from Pakistan and Ukraine are raised a combined 1 million tons, while Argentine exports are lowered 1 million. Global ending stocks remain the lowest in 25 years. COARSE GRAINS: The 2006/07 U.S. outlook for coarse grains includes projected lower beginning stocks, no change in use, and no change in the price range of $2.25 to $2.65 per bushel, compared with last month. For 2005/06, exports are increased 50 million bushels, based on the recent rapid pace of shipments and sales, and ending stocks are lowered by that amount. The old- crop price range of $1.90 to $2.10 per bushel is unchanged. The 2006/07 global coarse grains outlook includes higher production and exports and little change in ending stocks compared with last month. The major highlight is an increase in China's corn production at 138 million tons, up 3 million from last month and slightly below the revised 2005/06 crop. China's 2005/06 corn production is raised 5.4 million tons to 139.4 million tons based on a recent report by China's National Bureau of Statistics (NBS). While the NBS only reported total grain area, other information from China indicates the corn area was larger than USDA's estimate. With last year's corn area increased and indications that this year's corn area is up from 2005/06, projected 2006/07 corn area is raised from last month. China's domestic use is increased for both years. Despite larger crops, China's domestic prices have strengthened and stocks, while forecast slightly higher than last month, will continue to tighten in 2006/07. In addition, China's 2005/06 export estimate is lowered 1 million tons this month, based on a lack of export sales. World barley production is projected higher this month, mainly due to higher production in Russia more than offsetting smaller crops in Morocco and Tunisia. RICE: No changes are made to the U.S. rice supply and use projections for 2005/06 and 2006/07. However, the season-average farm price range for 2005/06 is narrowed $0.05 per cwt on each end to $7.65 to $7.75 per cwt; and the season-average farm price for 2006/07 is unchanged at $9.00 to $9.50 per cwt. Global 2006/07 rice production and consumption are increased from last month while ending stocks are lowered. Global 2006/07 rice production is projected at a record 417.5 million tons, up 0.5 million from last month. The increase in production is due primarily to larger crops projected for India (+1.0 million tons), Nepal, the Philippines, and Iran; which is partially offset by a reduction for China (-1.0 million tons). World consumption is projected at a record 424.8 million tons, up 1.6 million tons from last month. Ending stocks are projected at 60 million tons, down nearly 2 million tons from last month. The 2005/06 production estimate for China is lowered 1 million tons to 126.4 million tons based on official data from the government of China. OILSEEDS: U.S. oilseed supply and use prospects for 2006/07 are fractionally higher this month, mostly reflecting a small increase in soybean beginning stocks. Soybean production is projected at 3,080 billion bushels, unchanged from last month. Soybean stocks are projected at a record 655 million bushels, up 5 million from last month and up 85 million from 2005/06. The U.S. season-average soybean price for 2006/07 is unchanged at $5.10 to $6.10 per bushel, compared with a projected $5.65 per bushel in 2005/06. Soybean meal prices for 2006/07 are projected at $155 to $185 per short ton and soybean oil prices are projected at 22.5 to 26.5 cents per pound, both unchanged from last month. Changes for 2005/06 include a 5-million bushel reduction in soybean crush reflecting lower-than-expected domestic soybean meal use in recent months. Increased soybean meal exports partly offset reduced domestic use. Soybean oil production, exports, and domestic use are all reduced this month, leaving soybean oil stocks fractionally lower. Soybean ending stocks are increased 5 million bushels to 570 million bushels. Soybean oil prices for 2005/06 are projected at 23.25 cents per pound, up 0.25 cents. Global oilseed production for 2006/07 is projected at 389.4 million tons, down 0.7 million tons from 2005/06 and down 0.6 million tons from last month. Foreign oilseed production is projected at 294.7 million tons, up 0.8 million tons from 2005/06. Global soybean production is projected to increase 1.9 million tons to a record 222 million tons. Higher yields in Brazil and increased area for Argentina will help push South American production to a record 105 million tons, up 3 million from 2005/06. The Brazilian crop is projected at 56 million tons, up only slightly from a revised estimate of 55.7 million tons for 2005/06 as higher yields mostly offset reduced harvested area. Argentina soybean production is projected at a record 41.3 million tons due to increased area. Global production of high-oil content seed is down 4 percent due to lower rapeseed and sunflowerseed production. Rapeseed production is projected lower for Canada and India, and production for EU-25 and China are projected almost unchanged from 2005/06. Sunflowerseed production is lower for 2006/07 mainly due to reduced crop prospects for Russia and Ukraine. Global protein meal consumption is projected to increase 4 percent in 2006/07 mainly due to gains for soybean meal. Protein meal consumption is projected to increase 7 percent for China, which accounts for 40 percent of the increase in global protein consumption. World soybean trade is projected to reach a record 71 million tons, up 7 percent from 2005/06. China accounts for most of the increase in global trade with imports expanding 4 million tons to 31.5 million tons. Global vegetable oil consumption is projected to rise 5 percent led by increases for EU-25, China, and India. Increased consumption in EU-25 is primarily due to increased industrial use of rapeseed and palm oil as biodiesel production continues to expand. Global vegetable oil ending stocks are projected to decrease 9 percent from 2005/06. SUGAR: Projected 2006/07 U.S. sugar supply is lowered from last month, due to lower beginning stocks. Sugar use is unchanged. Ending stocks are lowered 48,000 tons. For 2005/06, total supply is increased slightly. Beet sugar production forecast by processors, as compiled by the Farm Service Agency, is lowered 38,000 tons. Imports are raised 50,000 tons, as increases in high-tier imports and sugar for re-export more than offset lower tariff rate quota (TRQ) imports. Shortfall in filling the TRQ is increased 75,000 tons to 240,000 tons. Total use is increased 60,000 tons due to increases in exports, deliveries of sugar to manufacturers for re-export in sugar-containing products, and use in making alcohol and animal feed. LIVESTOCK, POULTRY, AND DAIRY: NOTE: Due to uncertainties as to the length of the bans on trade in ruminants and ruminant products because of the discovery of BSE in the United States and Canada, forecasts for 2006 and 2007 assume a continuation of policies currently in place among U.S. trading partners. The suspension of beef imports by Japan is considered to be temporary pending the resolution of importer concerns. U.S. beef exports to South Korea are not forecast pending implementation of import regulations by South Korea. Compared with last month, forecast total U.S. meat production is fractionally lower. Changes in production are limited to second quarter adjustments to beef and pork forecasts. Beef production is lowered as the pace of slaughter is slower than expected last month. Pork production is increased on expectations of slightly higher carcass weights this quarter. Poultry production forecasts are unchanged for 2006. Meat production forecasts for 2007 are unchanged. Export forecasts for 2006 and 2007 beef, pork, and broilers are raised from last month. Exports during the first quarter were stronger than expected. With good global economic growth prospects and favorable exchange rates, beef, pork, and broiler exports are raised throughout 2006 and 2007. Although broiler exports to some markets remain limited by Avian Influenza concerns, relatively low broiler parts prices will encourage higher exports. Little change is made to price forecasts. The milk production forecast for 2006 is lowered slightly from last month, but the 2007 forecast is unchanged. Milk cow numbers in 2006 are raised fractionally, but the increase is offset by slightly slower-than-expected growth in milk per cow. Higher feed costs are expected to result in slower growth in milk per cow. Cheese demand remains relatively strong and in the face of slightly tighter milk output, the cheese price forecast is raised from last month. However, forecast butter prices are unchanged and nonfat dry milk (NDM) and whey prices for 2006 and 2007 are lowered fractionally from last month reflecting weaker demand. The Class III price forecast for 2006 is unchanged from last month because increased cheese prices offset lower whey prices. The Class IV price forecast is reduced slightly due to lower NDM prices. The forecast range for the all milk price for 2006 is narrowed to $12.40-$12.80 per cwt. The Class III price for 2007 is reduced due to fractionally lower whey prices, but the Class IV and the all milk price forecasts for 2007 are unchanged. COTTON: This month's 2006/07 U.S. cotton projections include slight increases in beginning stocks and total disappearance, leaving ending stocks unchanged at 4.9 million bales. The production estimate is unchanged from last month. Domestic mill use is reduced 3.5 percent to 5.6 million bales, reflecting lost capacity from the recent closing of a major mill. Exports are raised 300,000 bales to 16.8 million, the same as the revised level for 2005/06, due mainly to an increase in exportable supplies. The 2005/06 export estimate is down slightly based on the recent pace of weekly shipments. The 2006/07 world projections, which include the first individual estimates for foreign countries outside China, include only minor revisions from last month's aggregate totals. World production and ending stocks are projected marginally lower, while consumption is projected marginally higher. China's production is reduced 500,000 bales from last month based on lower forecast area. Global ending stocks are now projected 11 percent below the beginning level. For 2005/06, world production is raised about 700,000 bales, as increases for India, Pakistan, Uzbekistan, and Zimbabwe are partially offset by reductions for some African Franc Zone countries, Syria, and Paraguay. U.S. estimated mill use and ending stocks reflect recent revisions from the Bureau of the Census beginning in 2003/04. Approved by the Secretary of Agriculture and the World Agricultural Outlook Board, Gerald A. Bange, Chairperson, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: CHARLES F. CONNER ACTING SECRETARY OF AGRICULTURE For questions about the WASDE report, call (202) 720-5447. RELATED USDA REPORTS The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA Economic Research Service and Foreign Agricultural Service. See http://www.usda.gov/oce/waob/related.htm for an explanation of related reports. SUPPLY AND DEMAND DATABASE The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/. Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Data series go back to 1960/61 for many commodities. Users can download pre-defined tables, create custom queries, and import data into their own spreadsheets. SUBSCRIPTIONS Mail subscriptions cost $60.00; 2- and 3-year subscriptions are available. Call 1-800-999-6779 or 703-605-6220, 8:30 a.m.-5:00 pm. ET, or write ERS-NASS, 5285 Port Royal Road, Springfield, Virginia 22161. Subscriptions are also available from the Superintendent of Documents, U.S. Government Printing Office. Internet: http://bookstore.gpo.gov. Phone: toll free (866) 512-1800; DC area (202) 512-1800. Fax: (202) 512-2250. Mail: Government Printing Office, Stop SSOP, Washington, D.C. 20402-0001. ELECTRONIC ACCESS This report and other USDA releases are posted electronically in either ascii text format or pdf (Adobe Acrobat) format at http://usda.mannlib.cornell.edu/. Acrobat files can be viewed or printed in their original form, page by page. Click on the "Reports by E-Mail" button to sign up for e-mail delivery of the WASDE and other USDA releases in text format. 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WASDE-435-8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : World Total grains 3/ : 2004/05 : 2,043.88 2,401.97 240.52 1,999.09 402.88 2005/06 (Est.) : 2,008.45 2,411.33 241.11 2,028.52 382.82 2006/07 (Proj.) : May : 1,981.87 2,363.85 239.20 2,042.99 320.86 June : 1,984.29 2,367.11 239.68 2,048.00 319.10 Wheat : 2004/05 : 628.76 760.63 110.84 610.30 150.33 2005/06 (Est.) : 621.86 772.19 112.73 628.20 143.99 2006/07 (Proj.) : May : 600.47 744.20 108.66 616.07 128.13 June : 599.83 743.82 108.61 615.59 128.24 Coarse grains 4/ : 2004/05 : 1,014.63 1,154.68 101.45 976.15 178.53 2005/06 (Est.) : 973.48 1,152.02 100.41 980.38 171.64 2006/07 (Proj.) : May : 964.39 1,134.54 102.76 1,003.76 130.78 June : 966.91 1,138.56 103.29 1,007.66 130.89 Rice, milled : 2004/05 : 400.49 486.65 28.22 412.63 74.02 2005/06 (Est.) : 413.11 487.13 27.97 419.94 67.18 2006/07 (Proj.) : May : 417.01 485.10 27.78 423.15 61.95 June : 417.54 484.73 27.78 424.75 59.97 : : United States Total grains 3/ : 2004/05 : 385.62 434.55 83.72 276.12 74.71 2005/06 (Est.) : 363.10 442.61 89.14 277.70 75.77 2006/07 (Proj.) : May : 341.09 423.44 87.65 289.80 46.00 June : 339.49 420.89 87.65 289.17 44.06 Wheat : 2004/05 : 58.74 75.53 28.92 31.91 14.70 2005/06 (Est.) : 57.28 74.16 27.22 32.06 14.88 2006/07 (Proj.) : May : 50.97 68.44 24.49 31.79 12.16 June : 49.36 66.97 24.49 31.16 11.31 Coarse grains 4/ : 2004/05 : 319.42 350.38 51.30 240.28 58.80 2005/06 (Est.) : 298.74 359.65 58.24 241.61 59.81 2006/07 (Proj.) : May : 283.62 346.84 59.89 253.89 33.06 June : 283.62 345.75 59.89 253.89 31.97 Rice, milled : 2004/05 : 7.46 8.64 3.50 3.93 1.21 2005/06 (Est.) : 7.09 8.81 3.68 4.04 1.09 2006/07 (Proj.) : May : 6.51 8.17 3.27 4.12 0.78 June : 6.51 8.17 3.27 4.12 0.78 =============================================================================== 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-435-9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : Foreign 3/ Total grains 4/ : 2004/05 : 1,658.26 1,967.42 156.79 1,722.97 328.17 2005/06 (Est.) : 1,645.35 1,968.72 151.97 1,750.81 307.04 2006/07 (Proj.) : May : 1,640.78 1,940.40 151.55 1,753.19 274.87 June : 1,644.80 1,946.22 152.02 1,758.83 275.04 Wheat : 2004/05 : 570.03 685.10 81.92 578.39 135.63 2005/06 (Est.) : 564.58 698.03 85.52 596.14 129.11 2006/07 (Proj.) : May : 549.50 675.76 84.17 584.28 115.98 June : 550.47 676.86 84.12 584.42 116.93 Coarse grains 5/ : 2004/05 : 695.21 804.31 50.15 735.87 119.73 2005/06 (Est.) : 674.75 792.37 42.17 738.77 111.84 2006/07 (Proj.) : May : 680.78 787.71 42.88 749.87 97.72 June : 683.30 792.81 43.40 753.77 98.92 Rice, milled : 2004/05 : 393.02 478.01 24.72 408.70 72.81 2005/06 (Est.) : 406.02 478.32 24.29 415.91 66.10 2006/07 (Proj.) : May : 410.50 476.94 24.51 419.03 61.17 June : 411.03 476.56 24.51 420.63 59.19 =============================================================================== 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. bales =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : World 2004/05 : 120.29 163.33 34.73 108.81 54.22 2005/06 (Est.) : 114.09 168.31 43.12 117.07 53.04 2006/07 (Proj.) : May : 115.00 167.42 43.50 122.00 47.42 June : 114.64 167.68 43.53 122.46 47.09 : United States 2004/05 : 23.25 26.73 14.41 6.69 5.50 2005/06 (Est.) : 23.89 29.42 16.80 6.00 6.60 2006/07 (Proj.) : May : 20.70 27.23 16.50 5.80 4.90 June : 20.70 27.33 16.80 5.60 4.90 : Foreign 3/ 2004/05 : 97.04 136.60 20.32 102.12 48.72 2005/06 (Est.) : 90.20 138.89 26.32 111.07 46.44 2006/07 (Proj.) : May : 94.30 140.19 27.00 116.20 42.52 June : 93.94 140.35 26.73 116.86 42.19 =============================================================================== 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-435-10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade : Use 2/ : Stocks =============================================================================== : : World Oilseeds : 2004/05 : 381.17 424.01 74.68 301.86 55.54 2005/06 (Est.) : 390.13 445.67 77.66 312.89 65.52 2006/07 (Proj.) : May : 390.00 455.17 June : 389.38 454.91 82.24 323.16 64.75 Oilmeals : 2004/05 : 205.79 213.06 59.98 203.62 8.49 2005/06 (Est.) : 212.07 220.57 62.64 211.94 7.71 2006/07 (Proj.) : May : June : 220.07 227.79 63.95 220.04 6.91 Vegetable Oils : 2004/05 : 110.99 119.08 41.91 108.81 8.85 2005/06 (Est.) : 115.30 124.14 44.07 114.54 8.64 2006/07 (Proj.) : May : June : 119.93 128.57 45.99 119.88 7.87 : : United States Oilseeds : 2004/05 : 95.94 100.77 30.86 50.17 8.29 2005/06 (Est.) : 96.14 105.09 25.44 51.25 17.46 2006/07 (Proj.) : May : 94.65 112.61 30.54 52.22 19.20 June : 94.65 112.82 30.61 52.27 19.40 Oilmeals : 2004/05 : 39.26 41.09 6.94 33.93 0.22 2005/06 (Est.) : 39.22 41.08 6.82 33.97 0.28 2006/07 (Proj.) : May : 40.33 42.33 7.11 34.93 0.28 June : 40.39 42.37 7.33 34.75 0.28 Vegetable Oils : 2004/05 : 9.75 12.37 0.84 10.43 1.10 2005/06 (Est.) : 10.23 13.65 0.82 11.22 1.61 2006/07 (Proj.) : May : 10.13 13.93 0.82 11.69 1.42 June : 10.16 14.10 0.88 11.79 1.44 : : Foreign 3/ Oilseeds : 2004/05 : 285.23 323.24 43.82 251.69 47.25 2005/06 (Est.) : 293.98 340.57 52.22 261.64 48.07 2006/07 (Proj.) : May : 295.35 342.56 June : 294.74 342.09 51.63 270.89 45.35 Oilmeals : 2004/05 : 166.53 171.97 53.04 169.69 8.28 2005/06 (Est.) : 172.85 179.49 55.81 177.98 7.43 2006/07 (Proj.) : May : June : 179.69 185.42 56.62 185.29 6.63 Vegetable Oils : 2004/05 : 101.24 106.71 41.07 98.38 7.75 2005/06 (Est.) : 105.07 110.50 43.25 103.32 7.03 2006/07 (Proj.) : May : June : 109.78 114.47 45.12 108.10 6.44 =============================================================================== 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-435-11 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :============================== : : Est. : May June =============================================================================== Area : Million acres Planted : 59.7 57.2 57.1 * 57.1 * Harvested : 50.0 50.1 46.1 * 46.1 * Yield per harvested : Bushels acre : 43.2 42.0 40.6 * 39.3 * : Million bushels Beginning stocks : 546 540 547 547 Production : 2,158 2,105 1,873 1,814 Imports : 71 80 95 100 Supply, total : 2,775 2,725 2,515 2,461 Food : 905 910 915 915 Seed : 78 78 78 80 Feed and residual : 190 190 175 150 Domestic, total : 1,172 1,178 1,168 1,145 Exports : 1,063 1,000 900 900 Use, total : 2,235 2,178 2,068 2,045 Ending stocks : 540 547 447 416 CCC inventory : 54 43 Free stocks : 486 504 Outstanding loans : 58 42 Avg. farm price ($/bu) 2/ : 3.40 3.42 3.50- 4.10 3.60- 4.20 =============================================================================== U.S. Wheat by Class: Supply and Use =============================================================================== Year beginning : Hard : Hard : Soft : : : June 1 : Winter : Spring : Red : White : Durum :Total =============================================================================== 2005/06 (estimated) : Million bushels Beginning stocks : 193 159 88 63 38 540 Production : 930 467 309 298 101 2,105 Supply, total 3/ : 1,124 638 422 371 171 2,725 Domestic use : 496 230 250 122 82 1,178 Exports : 430 280 75 175 40 1,000 Use, total : 926 510 324 296 122 2,178 Ending stocks Jun : 198 128 98 74 49 547 May : 183 138 96 75 55 547 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. * For May and June, planted acres reported in March 31, 2006, Prospective Plantings. Harvested acres and yield for spring wheat (including durum) projected using 10-year average harvested-to-planted ratios and projected yield derived from 1985-2005 trend yield. For June, winter wheat harvested acreage and yield reported in June 9 Crop Production. ****************************************************************************** * * * * * Wheat-by-class projections for 2006/07 will first be published * * in the July 12 WASDE. * * * * * ****************************************************************************** WASDE-435-12 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :============================== : : Est. : May June =============================================================================== FEED GRAINS : Area : Million acres Planted : 97.0 96.3 92.5 * 92.5 * Harvested : 86.0 85.9 81.5 * 81.5 * Yield per harvested : Metric tons acre : 3.71 3.47 3.48 3.48 : Million metric tons Beginning stocks : 28.7 58.8 60.9 59.8 Production : 319.2 298.5 283.4 283.4 Imports : 2.1 2.0 2.2 2.2 Supply, total : 350.0 359.3 346.5 345.4 Feed and residual : 165.9 159.6 157.5 157.5 Food, seed & industrial : 74.1 81.7 96.0 96.0 Domestic, total : 239.9 241.3 253.6 253.6 Exports : 51.3 58.2 59.9 59.9 Use, total : 291.2 299.5 313.4 313.4 Ending stocks, total : 58.8 59.8 33.1 32.0 CCC inventory : 0.0 0.0 Free stocks : 58.8 59.8 Outstanding loans : 7.2 5.8 : CORN : Area : Million acres Planted : 80.9 81.8 78.0 * 78.0 * Harvested : 73.6 75.1 70.8 * 70.8 * Yield per harvested : Bushels acre : 160.4 147.9 149.0 * 149.0 * : Million bushels Beginning stocks : 958 2,114 2,226 2,176 Production : 11,807 11,112 10,550 10,550 Imports : 11 10 10 10 Supply, total : 12,776 13,236 12,786 12,736 Feed and residual : 6,162 6,000 5,950 5,950 Food, seed & industrial : 2,686 2,985 3,545 3,545 Ethanol for fuel 2/ : 1,323 1,600 2,150 2,150 Domestic, total : 8,848 8,985 9,495 9,495 Exports : 1,814 2,075 2,150 2,150 Use, total : 10,662 11,060 11,645 11,645 Ending stocks, total : 2,114 2,176 1,141 1,091 CCC inventory : 1 1 Free stocks : 2,113 2,175 Outstanding loans : 280 225 Avg. farm price ($/bu) 3/ : 2.06 1.95- 2.05 2.25- 2.65 2.25- 2.65 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further breakout of corn use including fuel alcohol see the ERS Feed Outlook table 5, or ERS feed grain data at http://www.ers.usda.gov/db/feedgrains/. Under "Custom" select data type: supply and use. 3/ Marketing-year weighted average price received by farmers. * For May and June, planted acres estimate reported in March 31, 2006, Prospective Plantings. For corn: Harvested acres projected based on the relationship between planted and harvested for 2000-2005 omitting 2002. Projected yield derived from a linear trend fit over 1960-2005 (1988 omitted), adjusted for 2006 planting progress. WASDE-435-13 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :============================== : : Est. : May June =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 7.5 6.5 6.5 * 6.5 * Area harv. (mil. acres) : 6.5 5.7 5.5 * 5.5 * Yield (bushels/acre) : 69.6 68.7 65.5 * 65.5 * Beginning stocks : 34 57 51 51 Production : 454 394 360 360 Imports : 0 0 0 0 Supply, total : 487 451 411 411 Feed and residual : 191 150 120 120 Food, seed & industrial : 55 55 60 60 Total domestic : 246 205 180 180 Exports : 184 195 185 185 Use, total : 430 400 365 365 Ending stocks, total : 57 51 46 46 Avg. farm price ($/bu) 2/ : 1.79 1.70- 1.80 2.05- 2.45 2.05- 2.45 : BARLEY : Area planted (mil. acres) : 4.5 3.9 3.7 * 3.7 * Area harv. (mil. acres) : 4.0 3.3 3.2 * 3.2 * Yield (bushels/acre) : 69.6 64.8 64.1 * 64.1 * Beginning stocks : 120 128 105 110 Production : 280 212 205 205 Imports : 12 5 15 15 Supply, total : 412 345 325 330 Feed and residual : 105 55 45 45 Food, seed & industrial : 155 155 155 155 Total domestic : 261 210 200 200 Exports : 23 25 25 25 Use, total : 284 235 225 225 Ending stocks, total : 128 110 100 105 Avg. farm price ($/bu) 2/ : 2.48 2.51 2.45- 2.85 2.45- 2.85 : OATS : Area planted (mil. acres) : 4.1 4.2 4.3 * 4.3 * Area harv. (mil. acres) : 1.8 1.8 2.0 * 2.0 * Yield (bushels/acre) : 64.7 63.0 62.5 * 62.5 * Beginning stocks : 65 58 52 57 Production : 116 115 125 125 Imports : 88 95 95 95 Supply, total : 268 268 272 277 Feed and residual : 134 135 145 145 Food, seed & industrial : 74 74 75 75 Total domestic : 208 209 220 220 Exports : 3 2 2 2 Use, total : 210 211 222 222 Ending stocks, total : 58 57 50 55 Avg. farm price ($/bu) 2/ : 1.48 1.61 1.60- 2.00 1.60- 2.00 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum, June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. * Planted acres reported in March 31, 2006, Prospective Plantings. Harvested Area-- For barley, oats, and sorghum harvested acres is the five year average harvested-to-planted ratio, 2000-2005 (excluding 2002). Yield-- For sorghum 10 year average yield (1996-2005, excluding 2002). For barley and oats projected yield derived from 1960-2005 trend yield with oat yield adjusted for rounding. WASDE-435-14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :============================== : : Est. : May June =============================================================================== TOTAL : Area : Million acres Planted : 3.35 3.38 2.97 * 2.97 * Harvested : 3.32 3.36 2.95 * 2.95 * Yield per harvested : Pounds acre : 6,988 6,636 6,947 * 6,947 * : : Million hundredweight : Beginning stocks 2/ : 23.7 37.7 34.3 34.3 Production : 232.4 223.2 205.0 205.0 Imports : 13.2 16.0 18.0 18.0 Supply, total : 269.2 276.9 257.3 257.3 Domestic & residual 3/ : 122.5 126.7 129.7 129.7 Exports, total 4/ : 109.0 116.0 103.0 103.0 Rough : 33.9 34.0 36.0 36.0 Milled (rough equiv.) : 75.1 82.0 67.0 67.0 Use, total : 231.5 242.7 232.7 232.7 Ending stocks : 37.7 34.3 24.6 24.6 Avg. milling yield (%) 5/ : 70.8 70.0 70.0 70.0 Avg. farm price ($/cwt) 6/ : 7.33 7.65- 7.75 9.00- 9.50 9.00- 9.50 : LONG GRAIN : Harvested acres (mil.) : 2.57 2.73 Yield (pounds/acre) : 6,630 6,493 Beginning stocks : 10.3 22.7 24.9 24.9 Production : 170.4 177.5 157.0 157.0 Supply, total 7/ : 191.3 211.8 193.9 193.9 Domestic & Residual 3/ : 84.5 93.9 96.5 96.5 Exports 8/ : 84.0 93.0 82.0 82.0 Use, total : 168.5 186.9 178.5 178.5 Ending stocks : 22.7 24.9 15.4 15.4 : : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.75 0.63 Yield (pounds/acre) : 8,212 7,255 Beginning stocks : 12.4 13.8 8.2 8.2 Production : 61.9 45.7 48.0 48.0 Supply, total 7/ : 76.8 64.0 62.2 62.2 Domestic & Residual 3/ : 38.0 32.8 33.2 33.2 Exports 8/ : 25.0 23.0 21.0 21.0 Use, total : 63.0 55.8 54.2 54.2 Ending stocks : 13.8 8.2 8.1 8.1 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2004/05-1.0; 2005/06-1.1; 2006/07-1.1. 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. * Planted acres reported in March 31, 2006 Prospective Plantings. Harvested acres are estimated using an olympic average harvested-to-planted ratios by rice class, 2001-2005. Projected yield is derived from a relationship using yield trend and planting progress by State, 1995-2005. WASDE-435-15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :=============================== : : Est. : May June =============================================================================== SOYBEANS: : Million acres Area : Planted : 75.2 72.1 76.9 * 76.9 * Harvested : 74.0 71.4 75.7 * 75.7 * : : Bushels Yield per harvested : acre : 42.2 43.3 40.7 * 40.7 * : : Million bushels : Beginning stocks : 112 256 565 570 Production : 3,124 3,086 3,080 3,080 Imports : 6 4 4 4 Supply, total : 3,242 3,346 3,649 3,654 Crushings : 1,696 1,715 1,750 1,750 Exports : 1,103 900 1,090 1,090 Seed : 88 94 91 91 Residual : 99 68 68 68 Use, total : 2,986 2,777 2,999 2,999 Ending stocks : 256 570 650 655 Avg. farm price ($/bu) 2/ : 5.74 5.65 5.10- 6.10 5.10 - 6.10 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 1,076 1,699 2,749 2,789 Production : 19,360 20,065 19,775 19,775 Imports : 26 50 55 55 Supply, total : 20,462 21,814 22,579 22,619 Domestic : 17,439 17,950 19,000 19,000 Exports : 1,324 1,075 1,200 1,200 Use, total : 18,762 19,025 20,200 20,200 Ending stocks : 1,699 2,789 2,379 2,419 Average price (c/lb) 2/ : 23.01 23.25 22.50- 22.50- : 26.50 26.50 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 211 172 250 250 Production : 40,717 40,463 41,685 41,685 Imports : 147 165 165 165 Supply, total : 41,075 40,800 42,100 42,100 Domestic : 33,563 33,400 34,250 34,100 Exports : 7,340 7,150 7,600 7,750 Use, total : 40,903 40,550 41,850 41,850 Ending stocks : 172 250 250 250 Average price ($/s.t.) 2/ : 182.89 175.00 155.00- 155.00- : 185.00 185.00 =============================================================================== 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. *Planted acres are reported in March 31 Prospective Plantings. Harvested acres based on 5-year average planted to harvested ratios by state. Projected yield based on 1978-2005 regional trend analysis. WASDE-435-16 U.S. Sugar Supply and Use 1/ ====================================================================== : : : 2006/07 Projection Item : 2004/05 : 2005/06 :====================== : : Estimate : May June ====================================================================== : 1,000 short tons, raw value : Beginning stocks : 1,897 1,331 1,437 1,389 Production 2/ : 7,877 7,393 8,230 8,230 Beet sugar : 4,611 4,345 4,700 4,700 Cane sugar : 3,266 3,048 3,530 3,530 Florida : 1,693 1,368 1,800 1,800 Hawaii : 258 255 250 250 Louisiana : 1,157 1,245 1,300 1,300 Texas : 158 180 180 180 Imports : 2,100 3,165 1,818 1,818 TRQ 3/ : 1,408 2,465 1,318 1,318 Other program 4/ : 500 300 325 325 Other 5/ : 192 400 175 175 Supply, total : 11,874 11,889 11,485 11,437 : Exports : 259 200 200 200 Deliveries : 10,188 10,300 10,415 10,415 Food : 10,019 10,150 10,250 10,250 Other 6/ : 169 150 165 165 Miscellaneous 7/ : 96 0 0 0 Use, total : 10,543 10,500 10,615 10,615 Ending stocks : 1,331 1,389 870 822 : Stocks to use ratio : 12.6 13.2 8.2 7.7 ====================================================================== 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 2005/06 are based on March 31 Prospective Plantings and trend yields. 3/ Actual arrivals under the tariff rate quota (TRQ) with late entries, early entries, and TRQ overfills assigned to the fiscal year in which they actually arrived. For 2006/07, includes only U.S. commitments under current trade agreements, minus shortfall of 50,000 tons. The Secretary will establish the actual level of the TRQ at a later date. 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ Includes high-tier and other. 6/ Transfers to sugar-containing products for reexport, and for nonedible alcohol and feed. 7/ Residual statistical discrepancies. WASDE-435-17 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :=============================== : : Est. : May June =============================================================================== : Million acres Area : Planted : 13.66 14.25 14.63 * 14.63 * Harvested : 13.06 13.80 12.90 * 12.90 * : : Pounds Yield per harvested : acre : 855 831 770 * 770 * : : Million 480 pound bales : Beginning stocks 2/ : 3.45 5.50 6.50 6.60 Production : 23.25 23.89 20.70 20.70 Imports : 0.03 0.03 0.03 0.03 Supply, total : 26.73 29.42 27.23 27.33 Domestic use : 6.69 6.00 5.80 5.60 Exports : 14.41 16.80 16.50 16.80 Use, total : 21.10 22.80 22.30 22.40 Unaccounted 3/ : 0.14 0.02 0.03 0.03 Ending stocks : 5.50 6.60 4.90 4.90 : Avg. farm price 4/ : 41.6 47.8 5/ 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. The 2005/06 price is a weighted average price for upland cotton for August-April. 5/ USDA is prohibited by law from publishing cotton price projections. * Planted area reported in March 31 "Prospective Plantings." Projected harvested area based on 1996-2003 U.S. average abandonment. Projected yield per harvested acre based on 2002-2005 U.S. average yield per harvested acre. Note: 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 2005/06 is 29.5 percent. WASDE-435-18 World Wheat Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2004/05 : World 3/ : 131.87 628.76 109.86 106.86 610.30 110.84 150.33 United States : 14.87 58.74 1.92 5.18 31.91 28.92 14.70 Total foreign : 117.00 570.03 107.94 101.69 578.39 81.92 135.63 Major exporters 4/ : 23.44 201.23 7.72 65.49 135.84 55.91 40.64 Argentina : 1.40 16.00 0.00 0.08 5.01 11.83 0.55 Australia : 5.36 22.60 0.08 3.70 6.40 14.74 6.89 Canada : 6.08 25.86 0.25 5.01 9.23 14.97 7.99 EU-25 5/ : 10.60 136.77 7.39 56.70 115.20 14.37 25.20 Major importers 6/ : 62.69 156.40 60.59 8.29 214.40 3.35 61.93 Brazil : 0.51 5.85 5.21 0.30 10.20 0.02 1.35 China : 43.29 91.95 6.75 4.00 102.00 1.17 38.82 Select. Mideast 7/ : 5.56 18.66 9.60 1.95 28.27 0.60 4.96 N. Africa 8/ : 7.47 17.17 18.41 0.30 32.58 0.22 10.24 Pakistan : 1.38 19.50 1.42 0.40 20.00 0.05 2.25 Southeast Asia 9/ : 2.03 0.00 9.75 0.91 9.35 0.37 2.06 Selected other : India : 6.90 72.06 0.01 0.50 72.75 2.12 4.10 FSU-12 : 10.99 86.83 4.57 20.81 72.93 15.19 14.27 Russia : 2.65 45.40 1.20 13.60 37.40 7.95 3.89 Kazakhstan : 3.78 9.95 0.02 2.70 7.40 2.70 3.64 Ukraine : 1.13 17.50 0.03 2.10 11.70 4.35 2.61 : : 2005/06 (Estimated) : World 3/ : 150.33 621.86 107.49 112.94 628.20 112.73 143.99 United States : 14.70 57.28 2.18 5.17 32.06 27.22 14.88 Total foreign : 135.63 564.58 105.32 107.77 596.14 85.52 129.11 Major exporters 4/ : 40.64 186.39 7.84 69.68 140.60 55.50 38.77 Argentina : 0.55 12.50 0.01 0.08 5.10 7.50 0.46 Australia : 6.89 24.50 0.08 3.90 6.60 17.50 7.37 Canada : 7.99 26.80 0.25 5.20 9.40 16.00 9.64 EU-25 5/ : 25.20 122.59 7.50 60.50 119.50 14.50 21.29 Major importers 6/ : 61.93 162.22 57.15 8.30 218.14 4.10 59.06 Brazil : 1.35 4.87 6.20 0.70 10.90 0.75 0.77 China : 38.82 97.45 1.30 3.50 101.00 1.10 35.47 Select. Mideast 7/ : 4.96 19.32 11.30 1.90 29.44 0.65 5.49 N. Africa 8/ : 10.24 15.18 18.30 0.30 33.68 0.21 9.83 Pakistan : 2.25 21.50 1.00 0.40 21.50 0.05 3.20 Southeast Asia 9/ : 2.06 0.00 9.75 1.08 9.55 0.39 1.87 Selected other : India : 4.10 72.00 0.03 0.50 73.83 0.50 1.80 FSU-12 : 14.27 92.20 3.94 23.11 75.77 19.24 15.40 Russia : 3.89 47.70 0.80 14.90 38.40 10.50 3.49 Kazakhstan : 3.64 11.00 0.02 2.70 7.40 3.00 4.26 Ukraine : 2.61 18.70 0.05 3.10 13.10 5.50 2.76 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the EU-25. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-435-19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2006/07 (Projected) World 3/ : May : 143.73 600.47 107.83 106.54 616.07 108.66 128.13 June : 143.99 599.83 108.72 106.06 615.59 108.61 128.24 United States : May : 14.88 50.97 2.59 4.76 31.79 24.49 12.16 June : 14.88 49.36 2.72 4.08 31.16 24.49 11.31 Total foreign : May : 128.85 549.50 105.24 101.78 584.28 84.17 115.98 June : 129.11 550.47 106.00 101.98 584.42 84.12 116.93 Major exporters 4/ : May : 38.77 191.00 6.56 68.48 139.50 63.00 33.82 June : 38.77 190.80 6.56 68.98 139.90 62.00 34.22 Argentina May : 0.46 15.50 0.01 0.08 5.10 10.50 0.37 Jun : 0.46 14.30 0.01 0.08 5.00 9.50 0.27 Australia May : 7.37 24.00 0.00 3.90 6.60 18.00 6.77 Jun : 7.37 24.00 0.00 3.90 6.60 18.00 6.77 Canada May : 9.64 26.00 0.25 5.00 9.30 18.00 8.59 Jun : 9.64 26.50 0.25 5.00 9.30 18.00 9.09 EU-25 5/ May : 21.29 125.50 6.30 59.50 118.50 16.50 18.09 Jun : 21.29 126.00 6.30 60.00 119.00 16.50 18.09 Major importers 6/ : May : 58.48 164.39 54.08 6.83 218.92 3.24 54.79 June : 59.06 164.69 54.58 6.83 219.12 3.69 55.52 Brazil May : 0.77 4.40 6.20 0.30 10.70 0.03 0.65 Jun : 0.77 4.40 6.20 0.30 10.70 0.03 0.65 China May : 35.02 97.50 1.50 3.00 100.00 1.00 33.02 Jun : 35.47 97.50 1.50 3.00 100.00 1.00 33.47 Sel. Mideast 7/May : 5.89 18.80 10.53 1.50 29.54 0.65 5.03 Jun : 5.49 18.80 10.53 1.50 29.54 0.65 4.63 N. Africa 8/ May : 9.41 18.73 16.10 0.30 34.83 0.21 9.20 Jun : 9.83 18.33 16.60 0.30 35.03 0.21 9.52 Pakistan May : 3.10 21.00 0.60 0.40 22.00 0.05 2.65 Jun : 3.20 21.70 0.60 0.40 22.00 0.50 3.00 SE Asia 9/ May : 1.87 0.00 9.85 0.92 9.70 0.38 1.64 Jun : 1.87 0.00 9.85 0.92 9.70 0.38 1.64 Selected other : India May : 1.80 68.00 4.50 0.50 70.50 0.50 3.30 Jun : 1.80 68.00 4.50 0.50 70.50 0.50 3.30 FSU-12 May : 15.90 76.23 4.14 20.61 72.20 12.15 11.93 Jun : 15.40 76.73 4.14 20.31 71.99 12.65 11.63 Russia May : 3.99 42.00 1.20 14.20 37.40 6.50 3.29 Jun : 3.49 41.50 1.20 13.70 36.90 6.50 2.79 Kazakhstan May : 4.26 11.50 0.02 2.70 7.60 4.50 3.67 Jun : 4.26 11.50 0.02 2.70 7.60 4.50 3.67 Ukraine May : 2.76 10.00 0.20 1.50 10.50 1.00 1.46 Jun : 2.76 11.00 0.20 1.70 10.80 1.50 1.66 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the EU-25. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-435-20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2004/05 : World 3/ : 140.06 1014.63 101.08 641.51 976.15 101.45 178.53 United States : 28.76 319.42 2.20 165.97 240.28 51.30 58.80 Total foreign : 111.29 695.21 98.88 475.54 735.87 50.15 119.73 Major exporters 4/ : 10.53 75.13 3.03 36.47 49.84 24.94 13.90 Argentina : 1.00 24.90 0.01 6.60 9.06 15.24 1.61 Australia : 2.25 11.57 0.00 5.41 6.63 4.62 2.58 Canada : 4.09 26.45 2.47 19.16 23.74 2.85 6.42 Major importers 5/ : 33.13 225.58 76.22 214.16 283.31 4.61 47.01 EU-25 6/ : 12.87 150.75 3.67 106.54 138.82 4.01 24.46 Japan : 1.85 0.20 19.71 15.05 19.88 0.00 1.88 Mexico : 5.68 28.95 8.94 22.13 38.28 0.03 5.26 N. Afr & Mideast 7/: 6.16 28.34 20.29 39.01 46.07 0.06 8.66 Saudi Arabia : 2.43 0.20 6.91 6.65 6.84 0.00 2.71 Southeast Asia 8/ : 1.62 16.73 3.24 13.37 19.38 0.52 1.69 South Korea : 1.42 0.34 8.72 6.66 9.01 0.00 1.47 Selected other : China : 45.48 138.25 2.07 100.21 141.17 7.62 37.02 Other Europe : 1.79 29.05 0.66 20.03 25.26 2.22 4.02 FSU-12 : 5.96 62.95 1.06 38.09 54.62 8.10 7.26 Russia : 2.93 29.60 0.68 19.00 29.40 1.13 2.67 Ukraine : 1.62 23.00 0.02 11.35 15.20 6.77 2.67 : : 2005/06 (Estimated) : World 3/ : 178.53 973.48 100.40 628.88 980.38 100.41 171.64 United States : 58.80 298.74 2.11 159.71 241.61 58.24 59.81 Total foreign : 119.73 674.75 98.29 469.17 738.77 42.17 111.84 Major exporters 4/ : 13.90 65.22 2.45 36.35 49.94 20.28 11.35 Argentina : 1.61 17.40 0.00 6.21 8.67 9.36 0.98 Australia : 2.58 13.96 0.00 6.06 7.29 6.02 3.22 Canada : 6.42 25.98 1.57 19.46 24.33 4.13 5.52 Major importers 5/ : 47.01 201.82 77.76 209.54 278.51 5.04 43.05 EU-25 6/ : 24.46 131.79 3.52 100.11 132.34 4.01 23.41 Japan : 1.88 0.19 19.67 15.14 19.97 0.00 1.77 Mexico : 5.26 25.53 11.20 22.28 38.68 0.01 3.31 N. Afr & Mideast 7/: 8.66 26.54 18.71 38.48 45.42 0.80 7.69 Saudi Arabia : 2.71 0.20 7.60 7.63 7.81 0.00 2.70 Southeast Asia 8/ : 1.69 17.18 3.77 14.68 20.44 0.23 1.97 South Korea : 1.47 0.33 8.54 6.57 8.90 0.00 1.43 Selected other : China : 37.02 147.47 2.21 103.12 147.17 4.03 35.50 Other Europe : 4.02 26.80 0.57 19.04 25.03 1.91 4.45 FSU-12 : 7.26 55.08 0.99 33.39 49.35 8.29 5.68 Russia : 2.67 27.60 0.53 17.60 27.65 1.76 1.39 Ukraine : 2.67 18.14 0.08 8.45 11.99 6.36 2.55 =============================================================================== 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and South Africa. 5/ The EU-25, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-435-21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2006/07 (Projected) World 3/ : May : 170.15 964.39 100.74 636.55 1003.76 102.76 130.78 June : 171.64 966.91 101.74 638.97 1007.66 103.29 130.89 United States : May : 60.89 283.62 2.33 157.62 253.89 59.89 33.06 June : 59.81 283.62 2.33 157.62 253.89 59.89 31.97 Total foreign : May : 109.26 680.78 98.42 478.93 749.87 42.88 97.72 June : 111.84 683.30 99.42 481.35 753.77 43.40 98.92 Major exporters 4/ : May : 11.13 69.46 3.70 38.30 52.47 21.34 10.48 June : 11.35 69.50 3.70 38.32 52.49 21.37 10.70 Argentina May : 0.98 21.57 0.00 7.11 9.67 11.96 0.93 Jun : 0.98 21.57 0.00 7.11 9.67 11.96 0.93 Australia May : 3.22 13.46 0.00 6.27 7.49 5.77 3.42 Jun : 3.22 13.46 0.00 6.27 7.49 5.77 3.42 Canada May : 5.29 25.04 2.87 20.39 25.76 3.10 4.35 Jun : 5.52 25.08 2.87 20.41 25.78 3.13 4.57 Major importers 5/ : May : 43.19 213.03 76.40 214.23 283.91 5.48 43.24 June : 43.05 211.44 77.25 213.83 283.51 5.48 42.74 EU-25 6/ May : 22.94 136.81 2.95 101.62 134.15 5.01 23.54 Jun : 23.41 135.97 2.95 101.12 133.65 5.01 23.67 Japan May : 1.77 0.17 19.17 14.97 19.80 0.00 1.31 Jun : 1.77 0.17 19.17 14.87 19.70 0.00 1.41 Mexico May : 3.31 28.43 11.20 23.18 39.68 0.00 3.26 Jun : 3.31 28.43 11.20 23.18 39.68 0.00 3.26 N Afr/M.East 7/May : 7.78 29.48 18.35 40.19 47.56 0.25 7.81 Jun : 7.69 28.73 18.80 40.09 47.46 0.25 7.52 Saudi Arabia May : 2.70 0.20 8.00 7.83 8.01 0.00 2.89 Jun : 2.70 0.20 8.00 7.83 8.01 0.00 2.89 S.-east Asia 8/May : 1.67 17.53 3.16 15.07 20.73 0.23 1.40 Jun : 1.97 17.53 3.56 15.27 20.93 0.23 1.90 South Korea May : 1.43 0.33 8.83 6.86 9.19 0.00 1.40 Jun : 1.43 0.33 8.83 6.86 9.19 0.00 1.40 Selected other : China May : 33.08 143.06 2.34 102.92 147.23 4.03 27.22 Jun : 35.50 146.06 2.34 104.92 151.23 4.03 28.64 Other Europe May : 4.37 23.94 0.54 18.97 24.53 1.86 2.46 Jun : 4.45 23.81 0.64 18.97 24.53 1.86 2.51 FSU-12 May : 5.68 55.57 0.88 34.18 49.57 7.68 4.87 Jun : 5.68 56.77 0.93 34.98 50.32 8.18 4.87 Russia May : 1.39 28.20 0.55 17.50 27.30 1.50 1.34 Jun : 1.39 29.30 0.60 18.20 27.95 2.00 1.34 Ukraine May : 2.55 18.55 0.07 9.75 13.15 5.80 2.22 Jun : 2.55 18.65 0.07 9.85 13.25 5.80 2.22 =============================================================================== 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and South Africa. 5/ The EU-25, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-435-22 World Corn Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2004/05 : World 3/ : 103.57 712.30 77.07 471.97 685.23 78.00 130.63 United States : 24.34 299.91 0.28 156.53 224.75 46.08 53.70 Total foreign : 79.23 412.38 76.79 315.44 460.48 31.92 76.94 Major exporters 4/ : 3.18 32.22 0.36 8.60 15.00 16.77 3.98 Argentina : 0.22 20.50 0.01 3.50 5.20 14.57 0.96 South Africa : 2.96 11.72 0.35 5.10 9.80 2.20 3.02 Major importers 5/ : 13.21 98.03 47.19 100.52 140.09 0.70 17.62 Egypt : 0.48 5.84 5.40 9.50 11.30 0.00 0.42 EU-25 6/ : 3.18 53.48 2.95 42.00 51.70 0.16 7.75 Japan : 1.04 0.00 16.49 12.00 16.50 0.00 1.03 Mexico : 4.37 22.05 5.92 12.60 27.90 0.03 4.42 Southeast Asia 7/ : 1.61 16.53 3.23 13.20 19.20 0.51 1.66 South Korea : 1.42 0.08 8.64 6.62 8.67 0.00 1.47 Selected other : Brazil : 7.88 35.00 0.68 32.10 38.50 0.68 4.38 Canada : 1.14 8.84 2.37 7.91 10.31 0.24 1.80 China : 44.85 130.29 0.00 98.00 131.00 7.59 36.56 Other Europe : 1.27 23.70 0.43 16.78 20.47 1.63 3.29 FSU-12 : 1.36 15.39 0.55 11.01 12.71 2.42 2.17 Ukraine : 0.84 8.80 0.01 5.30 6.00 2.33 1.32 : : 2005/06 (Estimated) : World 3/ : 130.63 692.24 75.13 467.95 692.48 73.61 130.39 United States : 53.70 282.26 0.25 152.41 228.23 52.71 55.27 Total foreign : 76.94 409.98 74.87 315.55 464.25 20.90 75.11 Major exporters 4/ : 3.98 21.50 0.75 8.10 14.50 9.75 1.98 Argentina : 0.96 14.00 0.00 3.70 5.40 9.00 0.56 South Africa : 3.02 7.50 0.75 4.40 9.10 0.75 1.42 Major importers 5/ : 17.62 90.47 48.06 97.75 137.02 0.31 18.82 Egypt : 0.42 5.86 4.30 8.30 10.10 0.00 0.48 EU-25 6/ : 7.75 48.32 3.00 39.00 48.50 0.10 10.46 Japan : 1.03 0.00 16.50 12.00 16.50 0.00 1.03 Mexico : 4.42 19.20 7.50 12.90 28.40 0.01 2.71 Southeast Asia 7/ : 1.66 16.98 3.76 14.50 20.25 0.20 1.94 South Korea : 1.47 0.06 8.40 6.50 8.50 0.00 1.43 Selected other : Brazil : 4.38 41.00 0.50 33.50 40.00 1.10 4.78 Canada : 1.80 9.47 1.50 8.30 10.80 0.20 1.77 China : 36.56 139.37 0.08 101.00 137.00 4.00 35.00 Other Europe : 3.29 22.18 0.29 16.00 20.50 1.50 3.76 FSU-12 : 2.17 13.13 0.48 9.99 11.63 2.38 1.76 Ukraine : 1.32 7.15 0.00 4.40 5.10 2.30 1.07 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina and South Africa. 5/ Egypt, the EU-25, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-435-23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2006/07 (Projected) World 3/ : May : 129.31 680.28 76.36 474.19 717.33 77.99 92.26 June : 130.39 682.13 76.86 475.69 720.34 77.99 92.18 United States : May : 56.54 267.98 0.25 151.14 241.18 54.61 28.98 June : 55.27 267.98 0.25 151.14 241.18 54.61 27.71 Total foreign : May : 72.76 412.30 76.11 323.06 476.15 23.38 63.27 June : 75.11 414.15 76.61 324.56 479.15 23.38 64.47 Major exporters 4/ : May : 1.98 26.50 0.70 8.60 15.10 12.00 2.08 June : 1.98 26.50 0.70 8.60 15.10 12.00 2.08 Argentina May : 0.56 17.50 0.00 4.30 6.10 11.50 0.46 Jun : 0.56 17.50 0.00 4.30 6.10 11.50 0.46 South Africa May : 1.42 9.00 0.70 4.30 9.00 0.50 1.62 Jun : 1.42 9.00 0.70 4.30 9.00 0.50 1.62 Major importers 5/ : May : 19.14 94.62 47.45 99.90 139.67 1.20 20.34 June : 18.82 93.29 47.85 99.10 138.88 1.20 19.89 Egypt May : 0.48 5.87 4.80 8.60 10.60 0.00 0.55 Jun : 0.48 5.87 4.80 8.60 10.60 0.00 0.55 EU-25 6/ May : 10.26 50.00 2.50 40.00 49.80 1.00 11.96 Jun : 10.46 48.68 2.50 39.00 48.80 1.00 11.84 Japan May : 1.03 0.00 16.20 12.00 16.50 0.00 0.73 Jun : 1.03 0.00 16.20 11.90 16.40 0.00 0.83 Mexico May : 2.71 21.30 7.50 13.20 28.80 0.00 2.71 Jun : 2.71 21.30 7.50 13.20 28.80 0.00 2.71 S.-east Asia 7/May : 1.64 17.33 3.15 14.90 20.55 0.20 1.37 Jun : 1.94 17.33 3.55 15.10 20.75 0.20 1.87 South Korea May : 1.43 0.07 8.70 6.80 8.80 0.00 1.40 Jun : 1.43 0.07 8.70 6.80 8.80 0.00 1.40 Selected other : Brazil May : 4.78 40.50 0.75 34.50 41.50 1.00 3.53 Jun : 4.78 40.50 0.75 34.50 41.50 1.00 3.53 Canada May : 1.57 9.00 2.80 9.00 12.00 0.20 1.17 Jun : 1.77 9.00 2.80 9.00 12.00 0.20 1.37 China May : 32.58 135.00 0.10 101.00 137.00 4.00 26.68 Jun : 35.00 138.00 0.10 103.00 141.00 4.00 28.10 Other Europe May : 3.67 19.94 0.21 16.19 20.28 1.60 1.94 Jun : 3.76 19.81 0.31 16.19 20.28 1.60 2.00 FSU-12 May : 1.76 13.58 0.45 10.64 12.03 2.03 1.73 Jun : 1.76 13.88 0.45 10.94 12.33 2.03 1.73 Ukraine May : 1.07 7.50 0.00 5.00 5.50 2.00 1.07 Jun : 1.07 7.50 0.00 5.00 5.50 2.00 1.07 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina and South Africa. 5/ Egypt, the EU-25, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-435-24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total 2/: : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2004/05 World 3/ : 86.17 400.49 26.27 412.63 28.22 74.02 United States : 0.76 7.46 0.42 3.93 3.50 1.21 Total foreign : 85.41 393.02 25.85 408.70 24.72 72.81 Major exporters 4/ : 17.20 128.13 0.32 110.85 19.78 15.02 India : 10.80 83.13 0.00 80.74 4.69 8.50 Pakistan : 0.40 4.92 0.00 2.63 2.64 0.04 Thailand : 1.71 17.36 0.00 9.48 7.27 2.31 Vietnam : 4.30 22.72 0.32 18.00 5.17 4.16 Major importers 5/ : 12.56 60.22 9.23 68.67 0.59 12.75 Brazil : 1.34 9.00 0.55 9.00 0.30 1.59 EU-25 6/ : 0.97 1.86 1.00 2.53 0.18 1.13 Indonesia : 4.02 34.83 0.50 35.85 0.05 3.45 Nigeria : 1.00 2.30 1.37 4.25 0.00 0.42 Philippines : 4.05 9.43 1.50 10.40 0.00 4.57 Sel. Mideast 7/ : 0.99 2.31 3.25 5.07 0.06 1.42 Selected other : Burma : 1.63 9.57 0.00 10.30 0.19 0.71 C. Amer & Carib 8/ : 0.11 0.07 0.42 0.48 0.00 0.13 China : 44.93 125.36 0.61 135.10 0.66 35.14 Egypt : 0.72 4.13 0.00 3.25 1.10 0.50 Japan : 1.70 7.94 0.78 8.30 0.20 1.92 Mexico : 0.18 0.20 0.55 0.75 0.00 0.17 South Korea : 0.85 5.00 0.19 4.86 0.27 0.91 : : 2005/06 (Estimated) World 3/ : 74.02 413.11 26.24 419.94 27.97 67.18 United States : 1.21 7.09 0.51 4.04 3.68 1.09 Total foreign : 72.81 406.02 25.73 415.91 24.29 66.10 Major exporters 4/ : 15.02 135.94 0.40 115.41 19.13 16.83 India : 8.50 89.88 0.00 85.02 3.80 9.56 Pakistan : 0.04 5.50 0.00 2.64 2.83 0.08 Thailand : 2.31 18.00 0.05 9.50 7.30 3.56 Vietnam : 4.16 22.56 0.35 18.25 5.20 3.62 Major importers 5/ : 12.75 59.81 10.44 69.64 0.49 12.88 Brazil : 1.59 7.80 0.60 9.15 0.25 0.59 EU-25 6/ : 1.13 1.71 0.98 2.55 0.18 1.09 Indonesia : 3.45 34.96 0.60 35.60 0.00 3.41 Nigeria : 0.42 2.70 1.80 4.35 0.00 0.57 Philippines : 4.57 9.80 1.80 11.00 0.00 5.17 Sel. Mideast 7/ : 1.42 2.38 3.55 5.39 0.06 1.90 Selected other : Burma : 0.71 10.44 0.00 10.40 0.20 0.55 C. Amer & Carib 8/ : 0.13 0.07 0.40 0.49 0.00 0.10 China : 35.14 126.40 0.60 135.20 0.80 26.14 Egypt : 0.50 4.13 0.00 3.28 1.00 0.36 Japan : 1.92 8.26 0.70 8.25 0.20 2.43 Mexico : 0.17 0.18 0.60 0.78 0.00 0.18 South Korea : 0.91 4.77 0.40 4.85 0.13 1.10 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-25. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. WASDE-435-25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total 2/: : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2006/07 (Projected) World 3/ : May : 68.09 417.01 26.06 423.15 27.78 61.95 June : 67.18 417.54 26.06 424.75 27.78 59.97 United States : May : 1.09 6.51 0.57 4.12 3.27 0.78 June : 1.09 6.51 0.57 4.12 3.27 0.78 Total foreign : May : 67.00 410.50 25.49 419.03 24.51 61.17 June : 66.10 411.03 25.49 420.63 24.51 59.19 Major exporters 4/ : May : 16.93 136.55 0.40 116.71 19.30 17.87 June : 16.83 137.55 0.40 117.71 19.30 17.77 India May : 9.66 90.00 0.00 86.00 4.00 9.66 Jun : 9.56 91.00 0.00 87.00 4.00 9.56 Pakistan May : 0.08 5.20 0.00 2.64 2.35 0.29 Jun : 0.08 5.20 0.00 2.64 2.35 0.29 Thailand May : 3.56 18.35 0.10 9.57 8.25 4.19 Jun : 3.56 18.35 0.10 9.57 8.25 4.19 Vietnam May : 3.62 23.00 0.30 18.50 4.70 3.72 Jun : 3.62 23.00 0.30 18.50 4.70 3.72 Major importers 5/ : May : 12.76 60.69 9.79 70.25 0.38 12.61 June : 12.88 60.85 9.79 70.55 0.38 12.60 Brazil May : 0.66 8.50 0.60 9.25 0.15 0.36 Jun : 0.59 8.50 0.60 9.25 0.15 0.29 EU-25 6/ May : 1.09 1.78 0.98 2.60 0.18 1.07 Jun : 1.09 1.78 0.98 2.60 0.18 1.07 Indonesia May : 3.41 35.09 0.60 35.65 0.00 3.45 Jun : 3.41 35.09 0.60 35.65 0.00 3.45 Nigeria May : 0.57 2.80 1.70 4.45 0.00 0.62 Jun : 0.57 2.80 1.70 4.45 0.00 0.62 Philippines May : 4.99 9.65 1.75 11.20 0.00 5.19 Jun : 5.17 9.75 1.75 11.50 0.00 5.17 Sel. Mideast 7/May : 1.90 2.38 3.10 5.49 0.05 1.83 Jun : 1.90 2.44 3.10 5.49 0.05 1.90 Selected other : Burma May : 0.55 10.70 0.00 10.50 0.25 0.50 Jun : 0.55 10.70 0.00 10.50 0.25 0.50 C. Am & Car. 8/May : 0.10 0.07 0.42 0.50 0.00 0.09 Jun : 0.10 0.07 0.42 0.50 0.00 0.09 China May : 27.14 129.00 0.80 135.30 0.80 20.84 Jun : 26.14 128.00 0.80 135.30 0.80 18.84 Egypt May : 0.36 4.14 0.00 3.30 0.80 0.40 Jun : 0.36 4.14 0.00 3.30 0.80 0.40 Japan May : 2.43 7.94 0.65 8.20 0.20 2.62 Jun : 2.43 7.94 0.65 8.20 0.20 2.62 Mexico May : 0.18 0.18 0.60 0.80 0.00 0.16 Jun : 0.18 0.18 0.60 0.80 0.00 0.16 South Korea May : 1.10 4.70 0.27 4.84 0.10 1.12 Jun : 1.10 4.70 0.27 4.84 0.10 1.12 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, the EU-25. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. WASDE-435-26 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2004/05 : World : 43.04 120.29 33.33 108.81 34.73 -1.09 54.22 United States : 3.45 23.25 0.03 6.69 14.41 0.14 5.50 Total foreign : 39.59 97.04 33.30 102.12 20.32 -1.23 48.72 Major exporters 4/ : 14.69 45.75 1.89 23.50 16.57 -0.19 22.45 Central Asia 5/ : 1.71 8.01 3/ 1.51 5.90 0.00 2.32 Afr. Fr. Zone 6/ : 1.30 5.01 3/ 0.20 4.13 0.00 1.97 S. Hemis. 7/ : 6.44 10.32 0.45 5.26 4.20 -0.20 7.94 Australia : 0.89 3.00 3/ 0.07 2.00 -0.12 1.95 Brazil : 4.63 5.90 0.21 4.20 1.56 -0.10 5.08 India : 4.19 19.00 1.04 14.80 0.66 0.00 8.76 Major importers 8/ : 23.01 47.42 28.64 73.87 2.41 -1.06 23.86 Mexico : 1.14 0.63 1.81 2.10 0.14 0.03 1.32 China : 14.96 29.00 6.39 38.50 0.03 -1.25 13.06 EU-25 9/ : 0.96 2.31 3.06 3.47 1.66 0.06 1.14 Russia : 0.20 3/ 1.45 1.43 0.00 0.00 0.22 Turkey : 1.48 4.15 3.41 7.10 0.15 0.00 1.79 Pakistan : 2.03 11.14 1.70 10.75 0.38 0.03 3.72 Indonesia : 0.37 0.03 2.20 2.15 0.02 0.05 0.38 Thailand : 0.42 0.06 2.28 2.10 0.00 0.03 0.63 Bangladesh : 0.35 0.06 1.85 1.88 0.00 0.01 0.38 : : 2005/06 (Estimated) : World : 54.22 114.09 43.74 117.07 43.12 -1.18 53.04 United States : 5.50 23.89 0.03 6.00 16.80 0.02 6.60 Total foreign : 48.72 90.20 43.71 111.07 26.32 -1.19 46.44 Major exporters 4/ : 22.45 43.72 1.34 24.49 21.71 -0.09 21.38 Central Asia 5/ : 2.32 8.49 3/ 1.46 6.96 0.00 2.39 Afr. Fr. Zone 6/ : 1.97 4.33 3/ 0.19 4.55 0.00 1.56 S. Hemis. 7/ : 7.94 8.91 0.41 5.26 5.95 -0.10 6.15 Australia : 1.95 2.70 3/ 0.06 3.10 -0.12 1.62 Brazil : 5.08 4.70 0.15 4.15 2.05 0.00 3.73 India : 8.76 19.00 0.40 15.80 2.50 0.00 9.86 Major importers 8/ : 23.86 42.93 39.94 82.05 2.92 -1.11 22.87 Mexico : 1.32 0.64 1.60 2.00 0.35 0.03 1.18 China : 13.06 26.20 19.00 46.50 0.03 -1.30 13.04 EU-25 9/ : 1.14 2.49 2.44 2.89 1.89 0.06 1.23 Russia : 0.22 3/ 1.50 1.50 0.00 0.00 0.22 Turkey : 1.79 3.55 3.45 6.90 0.20 0.00 1.69 Pakistan : 3.72 9.85 1.70 11.75 0.35 0.03 3.15 Indonesia : 0.38 0.03 2.20 2.18 0.02 0.05 0.37 Thailand : 0.63 0.05 2.00 2.15 0.00 0.03 0.51 Bangladesh : 0.38 0.07 2.05 2.08 0.00 0.01 0.42 =============================================================================== 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-435-27 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2006/07 (Projected) World : May : 52.42 115.00 44.00 122.00 43.50 -1.50 47.42 June : 53.04 114.64 44.04 122.46 43.53 -1.36 47.09 United States : May : 6.50 20.70 0.03 5.80 16.50 0.03 4.90 June : 6.60 20.70 0.03 5.60 16.80 0.03 4.90 Total foreign : May : 45.92 94.30 43.97 116.20 27.00 -1.53 42.52 June : 46.44 93.94 44.01 116.86 26.73 -1.39 42.19 Major exporters 4/ : June : 21.38 45.31 1.83 25.69 22.19 -0.09 20.73 Central Asia 5/Jun : 2.39 7.93 3/ 1.40 6.81 0.00 2.11 Afr. Fr. Zn. 6/Jun : 1.56 4.64 3/ 0.18 4.71 0.00 1.31 S. Hemis 7/ Jun : 6.15 9.89 0.78 5.32 5.05 -0.10 6.56 Australia Jun : 1.62 2.70 3/ 0.06 2.80 -0.12 1.59 Brazil Jun : 3.73 5.50 0.50 4.20 1.50 0.00 4.03 India Jun : 9.86 20.00 0.50 17.00 3.80 0.00 9.56 Major importers 8/ : June : 22.87 45.07 39.79 86.72 2.85 -1.31 19.47 Mexico Jun : 1.18 0.64 1.20 1.90 0.30 0.03 0.79 China May : 13.04 28.00 20.00 51.00 0.03 -1.50 11.51 Jun : 13.04 27.50 20.00 51.00 0.03 -1.50 11.01 EU-25 9/ Jun : 1.23 2.08 2.30 2.64 1.92 0.06 0.98 Russia Jun : 0.22 3/ 1.50 1.50 0.00 0.00 0.22 Turkey Jun : 1.69 4.15 2.55 6.70 0.20 0.00 1.49 Pakistan Jun : 3.15 10.50 1.70 12.20 0.30 0.03 2.82 Indonesia Jun : 0.37 0.03 2.20 2.18 0.02 0.05 0.35 Thailand Jun : 0.51 0.05 2.15 2.20 0.00 0.03 0.49 Bangladesh Jun : 0.42 0.07 2.15 2.20 0.00 0.01 0.44 =============================================================================== 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-435-28 World Soybean Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : : :stocks :Beginning:Produc-: : Domestic : : : stocks : tion :Imports: Crush : Total :Exports: =============================================================================== : : 2004/05 World 2/ : 37.70 215.95 64.61 175.58 205.56 64.79 47.92 United States : 3.06 85.01 0.15 46.16 51.25 30.01 6.96 Total foreign : 34.64 130.94 64.46 129.42 154.30 34.78 40.96 Major exporters 3/ : 30.29 96.05 1.24 57.29 61.87 32.30 33.42 Argentina : 14.70 39.00 0.69 27.31 28.84 9.31 16.24 Brazil : 15.51 53.00 0.53 28.97 31.82 20.14 17.09 Major importers 4/ : 3.42 19.55 52.82 53.44 69.00 0.42 6.37 China : 2.10 17.40 25.80 30.36 40.21 0.39 4.70 EU-25 : 0.70 0.79 15.50 14.10 15.89 0.01 1.09 Japan : 0.30 0.17 4.30 3.15 4.50 0.00 0.26 Mexico : 0.04 0.13 3.64 3.73 3.76 0.00 0.05 : : 2005/06 (Estimated) World 2/ : 47.92 220.19 65.71 181.75 211.89 66.43 55.50 United States : 6.96 84.00 0.11 46.68 51.07 24.49 15.50 Total foreign : 40.96 136.19 65.60 135.07 160.81 41.93 40.00 Major exporters 3/ : 33.42 100.20 1.24 58.17 62.74 39.14 32.98 Argentina : 16.24 40.50 0.80 29.20 30.82 10.50 16.22 Brazil : 17.09 55.70 0.43 27.82 30.55 25.99 16.68 Major importers 4/ : 6.37 19.50 53.67 57.08 73.36 0.43 5.75 China : 4.70 17.20 27.50 34.61 45.10 0.40 3.90 EU-25 : 1.09 0.86 14.80 13.70 15.49 0.01 1.25 Japan : 0.26 0.23 4.10 2.90 4.29 0.00 0.30 Mexico : 0.05 0.15 3.73 3.84 3.88 0.00 0.04 : : 2006/07 (Projected) World 2/ : June : 55.50 222.04 70.55 188.71 219.43 71.14 57.52 United States : June : 15.50 83.82 0.11 47.63 51.95 29.67 17.82 Total foreign : June : 40.00 138.22 70.44 141.08 167.48 41.48 39.71 Major exporters 3/ : June : 32.98 102.00 1.30 60.00 64.46 38.45 33.37 Argentina Jun : 16.22 41.30 0.84 30.50 32.14 9.75 16.47 Brazil Jun : 16.68 56.00 0.45 28.30 30.92 25.40 16.81 Major importers 4/ : June : 5.75 19.19 57.72 60.29 77.16 0.44 5.05 China Jun : 3.90 16.90 31.50 37.85 48.70 0.40 3.20 EU-25 Jun : 1.25 0.85 14.48 13.45 15.31 0.01 1.26 Japan Jun : 0.30 0.20 4.10 2.90 4.32 0.00 0.28 Mexico Jun : 0.04 0.16 3.86 3.98 4.02 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-25, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). WASDE-435-29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2004/05 World 2/ : 5.66 138.58 45.70 136.59 46.52 6.83 United States : 0.19 36.94 0.13 30.45 6.66 0.16 Total foreign : 5.47 101.64 45.57 106.14 39.86 6.68 Major exporters 3/ : 3.25 47.95 0.19 10.50 36.59 4.30 Argentina : 1.43 21.53 0.00 0.50 20.50 1.97 Brazil : 1.78 22.42 0.19 8.70 14.24 1.45 India : 0.04 4.01 0.00 1.31 1.85 0.88 Major importers 4/ : 1.18 36.93 27.80 63.57 1.17 1.18 EU-25 : 0.85 11.09 22.10 32.68 0.51 0.86 China : 0.00 24.03 0.07 23.46 0.63 0.00 : : 2005/06 (Estimated) World 2/ : 6.83 142.99 48.49 143.49 48.76 6.07 United States : 0.16 36.71 0.15 30.30 6.49 0.23 Total foreign : 6.68 106.28 48.34 113.19 42.27 5.84 Major exporters 3/ : 4.30 49.02 0.19 11.15 38.87 3.50 Argentina : 1.97 22.87 0.00 0.60 22.46 1.79 Brazil : 1.45 21.83 0.19 9.13 13.01 1.33 India : 0.88 4.32 0.00 1.42 3.40 0.38 Major importers 4/ : 1.18 39.93 29.31 68.23 1.03 1.15 EU-25 : 0.86 10.75 22.50 32.65 0.59 0.86 China : 0.00 27.38 0.80 27.78 0.40 0.00 : : 2006/07 (Projected) World 2/ : June : 6.07 148.82 49.69 149.04 50.02 5.52 United States : June : 0.23 37.82 0.15 30.94 7.03 0.23 Total foreign : June : 5.84 111.00 49.54 118.11 42.99 5.29 Major exporters 3/ : June : 3.50 50.56 0.19 11.63 39.45 3.16 Argentina Jun : 1.79 23.95 0.00 0.75 23.25 1.73 Brazil Jun : 1.33 22.22 0.19 9.36 13.00 1.37 India Jun : 0.38 4.40 0.00 1.53 3.20 0.05 Major importers 4/ : June : 1.15 42.41 29.65 71.05 1.09 1.08 EU-25 Jun : 0.86 10.57 22.70 32.62 0.65 0.87 China Jun : 0.00 29.95 0.70 30.25 0.40 0.00 =============================================================================== 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ China, EU-25, Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand), and Other Europe. WASDE-435-30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2004/05 World 2/ : 2.64 32.31 8.72 31.69 9.13 2.85 United States : 0.49 8.78 0.01 7.91 0.60 0.77 Total foreign : 2.15 23.53 8.71 23.78 8.53 2.08 Major exporters 3/ : 1.41 13.07 0.16 5.65 7.68 1.31 Argentina : 0.86 5.09 0.00 0.41 4.75 0.79 Brazil : 0.37 5.46 0.00 3.09 2.41 0.33 EU-25 : 0.18 2.52 0.16 2.16 0.51 0.20 Major importers 4/ : 0.44 6.32 3.75 9.91 0.05 0.56 China : 0.34 5.42 1.74 7.21 0.04 0.25 India : 0.10 0.90 1.94 2.63 0.01 0.30 Pakistan : 0.01 0.00 0.06 0.06 0.00 0.01 : : 2005/06 (Estimated) World 2/ : 2.85 33.72 9.05 33.35 9.17 3.10 United States : 0.77 9.10 0.02 8.14 0.49 1.27 Total foreign : 2.08 24.62 9.03 25.21 8.68 1.84 Major exporters 3/ : 1.31 13.24 0.36 5.97 7.73 1.21 Argentina : 0.79 5.45 0.00 0.43 5.07 0.74 Brazil : 0.33 5.34 0.01 3.15 2.25 0.28 EU-25 : 0.20 2.45 0.35 2.39 0.42 0.20 Major importers 4/ : 0.56 7.15 3.73 10.91 0.11 0.41 China : 0.25 6.17 2.00 8.12 0.10 0.20 India : 0.30 0.97 1.70 2.75 0.01 0.21 Pakistan : 0.01 0.01 0.03 0.04 0.00 0.00 : : 2006/07 (Projected) World 2/ : June : 3.10 34.64 9.48 35.07 9.61 2.54 United States : June : 1.27 8.97 0.03 8.62 0.54 1.10 Total foreign : June : 1.84 25.67 9.45 26.45 9.06 1.45 Major exporters 3/ : June : 1.21 13.53 0.45 6.08 8.13 0.99 Argentina Jun : 0.74 5.69 0.00 0.46 5.48 0.50 Brazil Jun : 0.28 5.43 0.00 3.20 2.25 0.26 EU-25 Jun : 0.20 2.41 0.45 2.42 0.40 0.23 Major importers 4/ : June : 0.41 7.76 3.95 11.77 0.08 0.27 China Jun : 0.20 6.76 2.20 8.86 0.08 0.22 India Jun : 0.21 0.99 1.70 2.84 0.01 0.05 Pakistan Jun : 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-25. 4/ India, China and Pakistan. WASDE-435-31 U.S. Quarterly Animal Product Production 1/ =============================================================================== Year : : : Red : : : Total : Red : : : and : : : meat : : :poultry :meat & : : : quarter : Beef : Pork : 2/ :Broiler:Turkey: 3/ :poultry: Egg : Milk : =============================================================================== : Million pounds Mil doz Bil lbs 2005 : II : 6189 5021 11295 8934 1397 10469 21764 1860 45.8 III : 6560 5000 11643 8939 1375 10445 22088 1871 44.1 IV : 6209 5526 11822 8904 1405 10432 22254 1915 43.7 Annual : 24683 20685 45711 35365 5504 41386 87097 7504 177.0 : 2006 : I : 6078 5321 11486 8937 1354 10416 21902 1878 45.5 II*: 6650 5075 11811 9100 1425 10655 22466 1900 46.8 III*: 6950 5200 12236 9100 1410 10645 22881 1910 44.8 IV*: 6375 5675 12142 9050 1445 10630 22772 1935 44.7 Annual : May Proj : 26253 21246 47851 36187 5634 42346 90197 7628 182.0 Jun Proj : 26053 21271 47675 36187 5634 42346 90021 7623 181.9 : 2007 : I*: 6330 5375 11796 9075 1375 10575 22371 1895 46.3 Annual : May Proj : 26755 21740 48854 36825 5730 43085 91939 7735 183.1 Jun Proj : 26755 21740 48854 36825 5730 43085 91939 7735 183.1 =============================================================================== * 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 =============================================================================== Year : Choice : Barrows : : : : : and : steers :and gilts : Broilers : Turkeys : Eggs : Milk : quarter : 1/ : 2/ : 3/ : 4/ : 5/ : 6/ : =============================================================================== : Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2005 : II : 87.96 52.09 72.6 67.7 55.9 14.77 III : 81.79 50.51 72.1 76.5 66.6 14.97 IV : 90.27 45.67 66.7 83.6 75.0 15.17 Annual : 87.28 50.05 70.8 73.4 65.5 15.14 : 2006 : I : 89.24 42.63 62.7 67.3 71.4 13.53 II*: 80-81 46-47 60-61 71-72 63-64 11.80-12.00 III*: 76-80 44-46 63-67 75-79 65-69 11.95-12.45 IV*: 80-86 38-42 60-66 77-83 75-81 12.40-13.20 Annual : May Proj : 81-84 42-44 61-63 72-75 68-71 12.35-12.85 Jun Proj : 81-84 43-44 62-64 73-75 69-71 12.40-12.80 : 2007 : I*: 82-88 37-41 63-69 62-68 70-76 12.20-13.20 Annual : May Proj : 81-87 39-42 64-69 68-74 71-77 12.85-13.85 Jun Proj : 81-87 39-42 64-69 68-74 71-77 12.85-13.85 =============================================================================== *Projection. 1/ Nebraska, Direct, 1100-1300 lbs. 2/ National Base, Live equiv 51-52% lean 3/ Wholesale, 12-city average. 4/ 8-16 lbs, hens, Eastern Region. 5/ Grade A large, New York, volume buyers. 6/ Simple monthly average of prices received by farmers for all milk. May not match reported annual averages. WASDE-435-32 U.S. Meats Supply and Use ============================================================================ : Supply : Use :--------------------------------------------------------- : : : : : : : Consumption : : Pro- : : : : :--------------- : Beg- : duc- : : : : End- : : Per Item :inning: tion : Im- :Total : Ex- : ing : :capita :stocks: 1/ :ports :supply: ports:stocks:Total : 2/ 3/ ============================================================================ : Million pounds 4/ BEEF : 2005 : 637 24784 3599 29020 689 571 27760 65.5 2006 Proj. May : 571 26355 3510 30436 930 575 28931 67.6 Jun : 571 26155 3458 30184 988 575 28621 66.9 2007 Proj. May : 575 26857 3340 30772 1310 575 28887 66.9 Jun : 575 26857 3340 30772 1345 575 28852 66.9 : PORK : 2005 : 543 20706 1024 22273 2660 494 19119 50.0 2006 Proj. May : 494 21266 1015 22775 2890 515 19370 50.2 Jun : 494 21291 1089 22874 3070 550 19254 49.9 2007 Proj. May : 515 21760 1040 23315 3035 515 19765 50.8 Jun : 550 21760 1110 23420 3235 550 19635 50.4 : TOTAL RED MEAT 5/ : 2005 : 1187 45846 4803 51836 3358 1080 47398 117.0 2006 Proj. May : 1080 47986 4709 53775 3832 1104 48839 119.4 Jun : 1080 47810 4734 53624 4071 1138 48415 118.4 2007 Proj. May : 1104 48989 4564 54657 4357 1104 49196 119.3 Jun : 1138 48989 4634 54761 4592 1139 49030 118.9 : BROILERS : 2005 : 713 34986 34 35733 5148 924 29662 85.9 2006 Proj. May : 924 35800 36 36759 5325 800 30634 87.9 Jun : 924 35800 37 36760 5503 800 30457 87.4 2007 Proj. May : 800 36431 36 37267 5405 770 31092 88.4 Jun : 800 36431 36 37267 5595 770 30902 87.9 : TURKEYS : 2005 : 288 5432 8 5728 569 206 4953 16.7 2006 Proj. May : 206 5560 8 5774 575 250 4949 16.5 Jun : 206 5560 8 5774 574 250 4950 16.5 2007 Proj. May : 250 5655 4 5909 620 280 5009 16.6 Jun : 250 5655 4 5909 595 280 5034 16.7 : TOTAL POULTRY 6/ : 2005 : 1005 40935 42 41981 5847 1132 35002 103.9 2006 Proj. May : 1132 41885 45 43061 6035 1052 35974 105.7 Jun : 1132 41885 46 43062 6215 1052 35795 105.2 2007 Proj. May : 1052 42615 41 43708 6155 1052 36501 106.3 Jun : 1052 42615 41 43708 6320 1052 36336 105.9 : RED MEAT & POULTRY: 2005 : 2192 86781 4845 93818 9205 2212 82401 220.9 2006 Proj. May : 2212 89870 4754 96836 9867 2156 84813 225.2 Jun : 2212 89694 4780 96686 10286 2190 84210 223.6 2007 Proj. May : 2156 91604 4605 98365 10512 2156 85697 225.6 Jun : 2190 91604 4675 98469 10912 2191 85366 224.7 ============================================================================ 1/ Total including farm production for red meats and, for poultry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis. 3/ Population source: Dept. of Commerce, Bureau of Economic Analysis. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. WASDE-435-33 U.S. Egg Supply and Use =============================================================================== : : : 2006 Projected : 2007 Projected : : :-----------------:----------------- Commodity : 2004 : 2005 : May : Jun : May : Jun =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 13.7 14.5 16.0 16.0 18.0 18.0 Production : 7440.0 7503.6 7628.0 7623.0 7735.0 7735.0 Imports : 12.7 8.6 6.8 6.8 6.8 6.8 Total supply : 7466.4 7526.7 7650.8 7645.8 7759.8 7759.8 : Use : Exports : 167.5 205.9 172.0 172.0 179.0 179.0 Hatching use : 988.1 999.8 1009.0 1004.0 1010.0 1010.0 Ending stocks : 14.5 16.0 18.0 18.0 18.0 18.0 Consumption : Total : 6296.3 6305.1 6451.8 6451.8 6552.8 6552.8 Per capita (number) : 257.1 255.1 258.6 258.6 260.3 260.3 =============================================================================== U.S. Milk Supply and Use =============================================================================== : : : 2006 Projected : 2007 Projected Commodity : : :-----------------:----------------- : 2004 : 2005 : May : Jun : May : Jun =============================================================================== : Billion pounds Milk : Production : 170.9 177.0 182.0 181.9 183.1 183.1 Farm use : 1.1 1.1 1.1 1.1 1.0 1.0 : Fat Basis Supply : Beg. commercial stocks : 8.3 7.2 8.0 8.0 8.2 8.2 Marketings : 169.8 175.9 180.9 180.8 182.1 182.1 Imports : 5.3 4.6 4.5 4.4 5.1 5.1 Total cml. supply : 183.4 187.7 193.4 193.3 195.4 195.4 : Fat Basis Use : Ending commercial stks : 7.2 8.0 8.2 8.2 7.9 7.9 CCC net removals 1/ : -0.1 -0.0 0.0 0.0 0.0 0.0 Commercial use 2/ : 176.4 179.7 185.2 185.0 187.5 187.5 : Skim-solids Basis Supply : Beg. commercial stocks : 8.5 8.2 9.0 9.0 9.0 9.0 Marketings : 169.8 175.9 180.9 180.8 182.1 182.1 Imports : 4.8 4.5 4.8 4.7 5.7 5.7 Total cml. supply : 183.1 188.6 194.7 194.5 196.8 196.8 : Skim-solids Basis Use : Ending commercial stks : 8.2 9.0 9.0 9.0 8.8 8.8 CCC net removals 1/ : 1.3 -1.0 1.3 1.3 2.3 2.3 Commercial use 2/ : 173.7 180.7 184.4 184.2 185.7 185.7 : : Million pounds CCC product net removals 1/: Butter : -7 0 0 0 0 0 Cheese : 6 -2 0 0 0 0 Nonfat dry milk : 105 -81 110 110 195 195 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-435-34 U.S. Dairy Prices =============================================================================== : : : 2006 Projected : 2007 Projected : : :-----------------:------------------ Commodity : 2004 : 2005 : May : Jun : May : Jun =============================================================================== : Dollars per pound : Product Prices 1/ : Cheese : 1.6431 1.4875 1.205- 1.215- 1.295- 1.295- : 1.255 1.255 1.395 1.395 : Butter : 1.8239 1.5405 1.150- 1.155- 1.215- 1.215- : 1.230 1.225 1.345 1.345 : Nonfat dry milk : 0.8405 0.9409 0.845- 0.840- 0.815- 0.815- : 0.885 0.880 0.885 0.885 : Dry whey : 0.2319 0.2782 0.275- 0.270- 0.240- 0.240- : 0.305 0.290 0.270 0.270 : : Dollars per cwt Milk Prices 2/ : Class III : 15.39 14.05 11.25- 11.30- 11.95- 11.90- : 11.75 11.70 12.95 12.90 : Class IV : 13.20 12.87 10.45- 10.45- 10.45- 10.45- : 11.05 10.95 11.55 11.55 : All milk 3/ : 16.05 15.14 12.35- 12.40- 12.85- 12.85- : 12.85 12.80 13.85 13.85 : =============================================================================== 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-435-35 Note: Tables on pages 35-37 present a 25-year record of the differences between the June projection and the final estimate. Using world wheat production as an example, changes between the June projection and the final estimate have averaged 15.8 million tons (2.9%) ranging from -32.2 to 29.6 million tons. The June projection has been below the estimate 15 times and above 10 times. Reliability of June Projections =============================================================================== :Differences between proj. & final estimate,1981/82-2005/06 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== WHEAT :Percent Million metric tons Number of years 2/ Production : World : 2.9 15.8 -32.2 29.6 15 10 U.S. : 4.7 2.9 -7.4 8.4 14 11 Foreign : 3.1 14.6 -28.8 28.2 14 11 Exports : World : 4.2 4.8 -16.6 12.3 16 8 U.S. : 8.5 2.8 -10.0 7.8 15 10 Foreign : 4.7 3.9 -11.6 6.5 18 7 Domestic use : World : 1.8 9.7 -27.5 19.6 16 9 U.S. : 5.8 1.8 -6.4 3.2 16 9 Foreign : 1.8 8.9 -24.2 18.1 16 9 Ending stocks : World : 9.7 12.6 -26.7 29.7 15 10 U.S. : 15.4 3.5 -9.6 14.9 14 11 Foreign : 9.9 10.3 -21.9 14.9 15 10 : COARSE GRAINS 3/ : Production : World : 2.9 24.3 -77.0 76.0 12 13 U.S. : 9.4 19.6 -35.9 70.3 12 13 Foreign : 2.3 13.5 -41.6 39.5 10 15 Exports : World : 5.8 6.0 -9.4 16.5 16 9 U.S. : 15.4 8.0 -22.8 15.3 9 16 Foreign : 12.5 6.5 -19.1 14.2 14 11 Domestic use : World : 1.6 13.1 -20.4 33.2 10 15 U.S. : 4.2 7.7 -16.6 33.0 17 8 Foreign : 1.5 9.5 -11.7 33.5 11 14 Ending stocks : World : 16.0 21.6 -69.9 48.0 16 9 U.S. : 34.8 17.4 -57.6 43.9 12 13 Foreign : 14.5 11.4 -30.5 14.0 18 7 : RICE, milled : Production : World : 2.2 7.4 -21.8 15.2 18 7 U.S. : 5.7 0.3 -1.1 0.5 15 10 Foreign : 2.2 7.3 -21.9 15.3 17 8 Exports : World : 8.5 1.7 -7.5 1.1 18 7 U.S. : 8.6 0.2 -1.0 0.7 13 9 Foreign : 9.2 1.6 -7.1 0.9 18 7 Domestic use : World : 1.6 5.4 -20.3 5.0 20 5 U.S. : 7.2 0.2 -0.5 0.5 12 13 Foreign : 1.6 5.5 -20.8 5.2 21 4 Ending stocks : World : 11.5 5.1 -13.5 8.2 16 9 U.S. : 27.0 0.3 -0.9 0.9 13 10 Foreign : 12.2 5.1 -14.2 8.3 17 8 =============================================================================== 1/ Footnotes at end of table. CONTINUED WASDE-435-36 Reliability of June Projections (Continued) =============================================================================== :Differences between proj. & final estimate,1981/82-2005/06 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== SOYBEANS 4/ :Percent Million metric tons Number of years 2/ Production : World : NA NA NA NA NA NA U.S. : 7.7 4.6 -11.3 12.0 12 13 Foreign : NA NA NA NA NA NA Exports : World : NA NA NA NA NA NA U.S. : 13.4 2.7 -6.4 6.4 14 11 Foreign : NA NA NA NA NA NA Domestic use : World : NA NA NA NA NA NA U.S. : 5.6 2.2 -7.2 4.5 17 8 Foreign : NA NA NA NA NA NA Ending stocks : World : NA NA NA NA NA NA U.S. : 47.5 3.3 -8.4 8.4 8 17 Foreign : NA NA NA NA NA NA : COTTON : Million 480-pound bales Production : World : 4.7 4.2 -16.4 11.4 15 9 U.S. : 9.7 1.6 -5.6 3.1 12 13 Foreign : 4.6 3.3 -12.4 10.5 14 11 Exports : World : 5.8 1.5 -4.6 2.7 13 12 U.S. : 19.1 1.1 -2.4 3.0 17 8 Foreign : 6.2 1.1 -3.5 1.9 12 13 Mill use : World : 2.8 2.5 -8.1 4.5 12 13 U.S. : 7.9 0.6 -1.4 1.3 14 10 Foreign : 3.0 2.4 -7.6 4.3 14 11 Ending stocks : World : 15.5 5.7 -14.3 15.2 17 8 U.S. : 33.4 1.5 -3.4 3.5 13 12 Foreign : 14.8 4.8 -13.4 12.5 18 7 =============================================================================== 1/ Final estimate for 1981/82-2004/05 is defined as the first November estimate following the marketing year and for 2005/06 last month's estimate. 2/ May not total 25 if projection was the same as final estimate. 3/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. 4/ Global soybean supply and use projections were initially released in June 2004. Therefore, an insufficient number of observations are available to provide meaningful reliability statistics for global soybean supply and use. WASDE-435-37 Reliability of United States June Projections 1/ =============================================================================== :Differences between proj. & final estimate,1981/82-2005/06 2/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== CORN :Percent Million bushels Number of years 3/ Production : 11.4 802 -3327 2379 13 12 Exports : 16.7 299 -850 588 10 15 Domestic use : 7.6 525 -5888 1095 17 8 Ending stocks : 41.4 618 -2091 1460 12 13 : SORGHUM : Production : 15.6 96 -228 171 10 14 Exports : 17.8 41 -105 97 11 14 Domestic use : 15.0 58 -139 100 12 13 Ending stocks : 49.9 64 -189 191 8 17 : BARLEY : Production : 9.8 35 -73 206 8 17 Exports : 34.2 18 -92 53 14 10 Domestic use : 10.9 38 -72 95 13 12 Ending stocks : 15.6 26 -59 79 10 15 : OATS : Production : 16.3 40 -77 231 6 19 Exports : 74.4 2 -5 8 7 10 Domestic use : 7.6 26 -39 160 8 16 Ending stocks : 17.3 19 -59 77 6 17 : : Thousand short tons SOYBEAN MEAL : Production : 4.7 1410 -3721 4432 16 9 Exports : 17.1 1067 -2650 1964 14 11 Domestic use : 3.6 819 -1800 2259 14 11 Ending stocks : 30.1 71 -204 488 10 13 : : Million pounds SOYBEAN OIL : Production : 4.8 686 -1923 1553 16 9 Exports : 26.1 420 -1700 914 12 13 Domestic use : 2.9 376 -985 758 17 7 Ending stocks : 34.1 506 -1213 1288 12 12 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 1.6 388 -569 819 16 8 Pork : 1.7 284 -579 676 16 8 Broilers : 1.0 221 -507 596 14 9 Turkeys : 1.3 58 -210 116 14 10 : : Million dozen Eggs : 0.8 49 -83 125 17 7 : : Billion pounds Milk : 0.8 1.2 -3.6 3.9 13 11 =============================================================================== 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. 2/ Final estimate for 1981/82-2004/05 is defined as the first November estimate following the marketing year and for 2005/06 last month's estimate. 3/ May not total 25 for crops and 24 for animal production if projection was the same as the final estimate. 4/ Calendar years 1982 thru 2005 for meats, eggs, and milk. Final for animal products is defined as latest annual production estimate published by NASS. ---------- End of File -----------------