ISSN:1554-9089 WASDE-451 October 12, 2007 WHEAT: U.S. wheat ending stocks for 2007/08 are projected at 307 million bushels, down 55 million bushels from last month, reflecting lower production and higher use as an increase in projected exports more than offsets lower projected feed and residual use. If realized, this year's ending stocks would be the lowest since 1948/49. Production is lowered 47 million bushels this month based on the latest production estimate from the Small Grains Summary report. Feed and residual use is projected 45 million bushels lower this month as strong export demand and higher prices are expected to limit wheat feeding during the remainder of the 2007/08 marketing year. Exports are raised 50 million bushels reflecting tighter world supplies and the strong pace of U.S. shipments and sales to date. The season-average farm price is projected at $5.80 to $6.40 per bushel, up 30 cents on each end of the range from last month and well above the record of $4.55 per bushel in 1995/96. Global wheat production for 2007/08 is projected down 5.8 million tons this month reflecting lower output in Australia, EU-27, and the United States, which more than offsets increases in Argentina, Canada, and FSU-12. Production for Australia is lowered 7.5 million tons as drought and heat that began in August continued through early October leaving crops, particularly in eastern Australia, with little moisture through the critical reproductive stages. Production is lowered 1.1 million tons in EU-27 based on updated government estimates. Production is raised 0.5 million tons for Argentina as timely September rains boosted soil moisture and higher prices encourage more fertilizer usage. Production in Canada is raised 0.3 million tons based on the latest official estimates. FSU-12 production is raised 3.3 million tons mostly reflecting better-than-expected spring wheat yields as good growing season moisture and extended good weather for harvest have boosted production prospects for Kazakhstan and Russia. World imports, exports, and consumption for 2007/08 are all lowered this month as world supplies are projected 8.1 million tons lower. Imports are lowered 1.1 million tons reflecting a number of small changes to several countries as higher prices reduce demand. Exports are lowered 1.1 million tons as a sharp reduction in projected exports for Australia is only partly offset by higher expected shipments from Argentina, China, Kazakhstan, and the United States. Australia's exports are lowered 4.5 million tons reflecting lower production and prospects for tight ending stocks as that country suffers a second year of sharply curtailed production. Exports are raised 0.5 million tons each for Argentina and China. Exports for Kazakhstan are increased 1.5 million tons in line with the revised export estimate for 2006/07 based on recently available government data. World wheat consumption for 2007/08 is projected 2.7 million tons lower this month. Wheat feeding is projected 1.7 million tons lower with the largest reductions expected for Australia, Canada, EU-27, and the United States. Partly offsetting is an increase in wheat feeding for Russia as higher production adds to available domestic feed supplies. Despite lower expected use, world ending wheat stocks are projected down 5.4 million tons from last month. At 107.0 million tons, 2007/08 world stocks would be the lowest since 1975/76. COARSE GRAINS: Projected U.S. ending stocks of corn for 2007/08 are raised 322 million bushels this month on larger supplies and lower domestic consumption which more than offset an increase in projected exports. Production is forecast at 13.318 billion bushels, up just 10 million as an increase in area is nearly offset by lower forecast yields. Total corn supplies are projected at a record 14.6 billion bushels, based on slightly higher production and increased carryin as reported in the September Grain Stocks report. Feed and residual use is lowered 150 million bushels based on the slower rate of domestic use implied by September 1 stocks. Corn use for ethanol in 2007/08 is lowered 100 million bushels reflecting lower indicated plant capacity utilization and lower returns for ethanol producers due to recent declines in ethanol prices and continued strength in corn prices. Exports are projected 100 million bushels higher on tighter foreign grain supplies and strong export sales. At the projected 2.35 billion bushels, 2007/08 exports would be the highest in 18 years. The season-average farm price is projected at $2.90 to $3.50 per bushel, up 10 cents on both ends of the range reflecting continued strong cash prices supported by strong export demand and higher soybean and wheat prices. Sorghum ending stocks for 2007/08 are lowered this month. Supplies are nearly unchanged with higher forecast production nearly offset by reduced beginning stocks reported in the September Grain Stocks report. Exports are raised 40 million bushels with strong demand from the EU-27 reflected in large outstanding export sales. Lower projected domestic sorghum use is partly offsetting as strong prices and higher exports limit sorghum feeding and processing use. The season-average sorghum price is projected higher in line with the increase in the corn price. Barley and oats prices are also raised this month on strong prices to date and tighter balance sheets that reflect lower carryin and production as reported in the September Grain Stocks and Small Grains Summary reports. World coarse grain supplies are projected lower this month as foreign supplies decline on lower production. World coarse grain production is lowered 8.5 million tons with reductions in Australia, Brazil, China, EU-27, and Russia. Barley and oats production for Australia are lowered 1.8 million tons and 0.5 million tons, respectively, based on persistent dry weather during the growing season, particularly in the eastern growing areas. Brazil corn production is lowered 1.0 million tons reflecting lower expected area as delays to the start of the rainy season are expected to reduce the window for second crop planting. Corn production in China is projected 4.0 million tons lower as relatively localized drought has reduced production prospects in the western parts of the northeastern growing region. EU-27 barley, corn, and mixed grain production are all lowered this month as is barley production in Russia. Global coarse grain imports and exports are both expected higher as reductions in foreign production are made up by higher U.S. exports. World imports are raised 2.5 million tons with the largest increase for EU-27 as tighter wheat supplies there boost coarse grain feeding and imports. Coarse grain exports are raised 2.7 million tons with increases for the United States partly offset by lower exports of barley, oats, and sorghum from Australia and lower corn exports from China. World coarse grain consumption is projected 7.6 million tons lower. Reduced corn and sorghum feeding in the United States accounts for more than half of this decline. With lower consumption, global coarse grain stocks are projected 3.1 million tons higher this month. RICE: U.S. rice production in 2007/08 is forecast at 197.1 million cwt, about 3 percent above last month due to an increase in yield. Average yield is estimated at a record 7,215 pounds per acre, up 191 pounds from last month. Harvested area is unchanged at 2.73 million acres. Long- grain and combined medium- and short-grain production are both up from last month. All rice imports are unchanged at 20.5 million cwt. All rice exports are projected at 106 million cwt, up 6 million from a month earlier. Long-grain exports are increased to 83 million cwt while combined medium- and short-grain exports are unchanged at 23 million. Ending stocks are projected at 26.2 million cwt, down 3 percent from last month. The season-average farm price is forecast at $10.30 to $10.70 per cwt, up 45 cents per cwt on both ends of the range, the highest since 1980/81. Global 2007/08 rice supply and use are little changed from a month ago. World production is raised slightly, primarily because of increases for the United States and Brazil, which are nearly offset by declines for Australia, South Korea, and Russia. Global imports are raised mainly due to an increase for Australia. World exports are raised slightly from a month ago as projections are raised for the United States and China, and lowered for Australia. Ending stocks are lowered slightly from last month to 70.9 million tons due mainly to reductions for China and South Korea, which are nearly offset by increases for Brazil and Thailand. OILSEEDS: U.S. oilseed ending stocks for 2007/08 are nearly unchanged from last month as increased supplies are offset by higher exports and crush. Oilseed supplies are forecast higher this month mainly due to production increases for sunflowerseed, peanuts, and cottonseed. Soybean production is forecast down 21 million bushels to 2.598 billion due to this month's acreage reductions. Planted and harvested area are both lowered 0.4 million acres. Total soybean supply is forecast almost unchanged as reduced crop production is nearly offset by increased beginning stocks. Soybean ending stocks are projected at 215 million bushels, unchanged from last month. Soybean oil ending stocks are raised for both 2006/07 and 2007/08 reflecting weaker-than-expected domestic disappearance for food use in 2006/07. The U.S. season-average soybean price range for 2007/08 is projected at $7.85 to $8.85, up 50 cents on both ends of the range as prices during harvest have been unseasonably strong. Product prices are also raised this month. The soybean meal price is projected at $220 to $250 per short ton, up $15 on both ends of the range. The soybean oil price range is projected at 34.5 to 38.5 cents per pound, up 1.5 cents on both ends of the range. Global oilseed production for 2007/08 is projected at 392 million tons, up 1.1 million tons from last month. Foreign oilseed production accounts for most of the change. Soybean production for Brazil is raised 1 million tons to 62 million based on increased harvested area as producers respond to higher soybean prices. Soybean cash prices reported in Brazil are 40 percent above year-earlier levels after adjusting for stronger currency values. China soybean production is reduced 0.6 million tons to 14.6 million due to dry conditions in the principal growing region. This would be the smallest soybean crop in 8 years. Soybean production is also raised for India. Australia rapeseed production is reduced sharply this month due to the impact of drought, which was especially severe during the critical month of September. Rapeseed production was also reduced for Canada. Global cottonseed production is raised mainly due to higher output in China. Global oilseed stocks for 2007/08 are raised slightly this month as increased soybean stocks for Brazil, resulting from increased production, are mostly offset by lower stocks in Argentina. SUGAR: Projected 2007/08 U.S. sugar supply is increased 97,000 short tons, raw value, from last month as higher production and imports more than offset lower beginning stocks. Production is increased 105,000 tons based on processors' projections compiled by the Farm Service Agency. Beet sugar production is increased 107,000 tons. Tariff rate quota imports are increased 14,000 tons to account for Costa Rica's quota under the Dominican Republic-Central American Free Trade Agreement. Use is unchanged. For 2006/07, ending stocks are decreased 22,000 tons from last month to account for minor changes in production estimates and imports. LIVESTOCK, POULTRY, AND DAIRY: The forecast for total 2007 U.S. meat production is raised slightly as higher forecast pork and turkey production more than offset reduced beef and broiler output. Pork production is raised as the Quarterly Hogs and Pigs report, released September 28, indicated increased supplies of market hogs. Turkey production is increased as bird numbers continue to build. Beef production is reduced due to a slower-than-expected pace of fed cattle marketings. Broiler production data through August indicates lower output in the third quarter. For 2008, the total meat production forecast is raised due mainly to increased pork output. The Quarterly Hogs and Pigs report indicated that producers intend to increase sows farrowing into 2008, and coupled with continued growth in pigs per litter, hog supplies will be larger and support increased slaughter in 2008. Turkey production is also increased. Beef production is reduced fractionally, and broiler meat production is unchanged. Forecast 2007 meat exports are raised due to expected relatively strong shipments of beef, pork, and broiler meat during the third quarter. Forecast exports for 2008 are increased from last month, primarily reflecting expectations of stronger beef and broiler exports. Forecasts for 2007 and 2008 cattle prices are increased as cattle supplies are expected to be tight through next year. Forecast hog prices are reduced for both 2007 and 2008 as supplies of pork are forecast higher than last month. Broiler prices are forecast lower as supplies of meats are expected to be larger. Egg prices are increased slightly for 2007 reflecting current demand strength. Milk production forecasts for 2007 and 2008 are raised. Producers continue to respond to high milk prices with high replacement heifer and calf prices pointing to continued expansion plans. Milk per cow growth into 2008 is expected to be moderated by tight supplies of alfalfa hay and relatively high feed prices. Stocks, both on a fat and skim-solids basis, are forecast higher than last month reflecting increased supplies of butter and stocks of nonfat dry milk (NDM). Although NDM stocks are expected to dissipate somewhat as product moves into export channels, increased production of dairy products in 2008 likely will result in somewhat higher fat and skim-solids basis stocks than forecast last month. Higher milk production is expected to pressure prices despite relatively robust demand. Cheese, butter, and whey prices are reduced as supplies are expected to build. NDM prices should remain relatively strong despite increased production as world supplies are expected to remain tight through much of 2008. Dry whey prices are lowered as prices have dropped significantly. As a result of generally reduced product price forecasts, Class price forecasts are reduced. The Class III price forecasts are lowered for 2007 and 2008 due to lower cheese and whey prices. The Class IV price forecast for both years is lowered as a lower butter price forecast more than offsets slightly higher forecast NDM prices. For 2007 and 2008 the all milk price forecasts are also reduced, with prices in 2007 forecast to average a record $18.95 to $19.05 per cwt, and decline to $17.70 to $18.60 per cwt in 2008. COTTON: The U.S. cotton estimates for 2007/08 include lower beginning stocks, which are more than offset by higher production, resulting in 200,000-bale increase in ending stocks. Beginning stocks are reduced 2.3 percent based on the final 2006/07 ending stock estimate issued by the U.S. Census Bureau. Production is raised 2 percent to 18.2 million bales, due mainly to higher estimated production in Texas. Domestic mill use and exports are unchanged from last month. Significant increases in 2007/08 world production, consumption, and stocks mainly reflect revisions to the China balance sheet beginning in 2004/05 (see http://www.fas.usda.gov/psdonline/circulars/cotton.pdf after 9:00 a.m. on October 12 for a detailed explanation). The revisions are based on a recent statement by China's National Development and Reform Commission (NDRC) that the 2006-crop production was about 35.5 million bales, which is 9 percent above USDA's September estimate. Corresponding increases are made in China's production for 2004/05, 2005/06, and 2007/08; at the same time, the residual calculations (negative loss) for China in 2005/06, 2006/07, and 2007/08 are lower in absolute terms. The accumulation of the prior-year revisions, partially offset by a modest reduction in beginning stocks for India, accounts for a 3.5-million-bale increase in 2007/08 world beginning stocks. World production in 2007/08 is raised nearly 3 percent, including increases for China, the United States, and Brazil, partially offset by reductions for Iran, Australia, Uzbekistan, and others. World consumption is 1.3 percent higher, as China's consumption for 2007/08 is raised 1.5 million bales to 55.0 million based on the NDRC's estimates and other evidence of continued strong consumption growth. World ending stocks are raised nearly 7 percent from last month or 3.5 million bales, but are still down 9 percent from beginning stocks. Approved by the Acting Secretary of Agriculture and the World Agricultural Outlook Board, Gerald A. Bange, Chairperson, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: KEITH J. COLLINS ACTING SECRETARY OF AGRICULTURE INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board's analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail: jnorton@oce.usda.gov Gary Vocke, ERS; Alan Riffkin, FAS; Tom Tice, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E- mail: aaaronson@oce.usda.gov Nathan Childs, ERS; Robert Miller, FAS; Tom Tice, FSA. Feed Grains: Jerry Norton, ICEC Chair, WAOB, E- mail: jnorton@oce.usda.gov Allen Baker, ERS; Alan Riffkin, FAS; Philip W. Sronce, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: kmenzie@oce.usda.gov Mark Ash, ERS; Alan Riffkin, FAS; Philip W. Sronce, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail: cskelly@oce.usda.gov Darryl Earnest, AMS; Leslie Meyer, ERS; James Johnson, FAS; Scott Sanford, FSA. Sugar: John Love, ICEC Chair, WAOB, E-mail: jlove@oce.usda.gov Stephen Haley, ERS; Ron Lord, FAS; Daniel Colacicco, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: sshagam@oce.usda.gov Warren Preston, AMS; Mildred M. Haley, ERS; Alan Riffkin, FAS; Milton Madison, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: sshagam@oce.usda.gov Marc Warman, AMS; David Harvey, ERS; Alan Riffkin, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail: sshagam@oce.usda.gov Howard McDowell, AMS; Roger Hoskin, ERS; Paul Kiendl, FAS; Milton Madison, FSA. For the remainder of 2007, the WASDE report will be released at 8:30 a.m. on the following dates: November 9 and December 11 T A B L E OF C O N T E N T S Page Highlights . . . . . . . . . . . . . . . . . . . . . . . . . .1 Interagency Commodity Estimates Committees . . . . . . . . . .6 World & U.S. Supply & Use for Grains . . . . . . . . . . . . .8 World & U.S. Supply & Use for Cotton . . . . . . . . . . . . .9 World & U.S. Supply & Use for Oilseeds . . . . . . . . . . . 10 U.S. Wheat Supply & Use. . . . . . . . . . . . . . . . . . . 11 U.S. Wheat Supply & Use by Class . . . . . . . . . . . . . . 11 U.S. Feed Grain & Corn Supply & Use. . . . . . . . . . . . . 12 U.S. Sorghum, Barley, & Oats Supply & Use. . . . . . . . . . 13 U.S. Rice Supply & Use . . . . . . . . . . . . . . . . . . . 14 U.S. Soybeans & Products Supply & Use. . . . . . . . . . . . 15 U.S. Sugar Supply & Use. . . . . . . . . . . . . . . . . . . 16 U.S. Cotton Supply & Use . . . . . . . . . . . . . . . . . . 17 World Wheat Supply & Use . . . . . . . . . . . . . . . . . . 18 World Coarse Grains Supply & Use . . . . . . . . . . . . . . 20 World Corn Supply & Use. . . . . . . . . . . . . . . . . . . 22 World Rice Supply & Use. . . . . . . . . . . . . . . . . . . 24 World Cotton Supply & Use . . . . . . . . . . . . . . . . . 26 World Soybean Supply & Use . . . . . . . . . . . . . . . . . 28 World Soybean Meal Supply & Use. . . . . . . . . . . . . . . 29 World Soybean Oil Supply & Use . . . . . . . . . . . . . . . 30 U.S. Quarterly Animal Product Production . . . . . . . . . . 31 U.S. Quarterly Prices for Animal Products. . . . . . . . . . 31 U.S. Meats Supply and Use. . . . . . . . . . . . . . . . . . 32 U.S. Egg Supply & Use. . . . . . . . . . . . . . . . . . . . 33 U.S. Milk Supply and Use . . . . . . . . . . . . . . . . . . 33 U.S. Dairy Prices. . . . . . . . . . . . . . . . . . . . . . 34 Reliability Tables . . . . . . . . . . . . . . . . . . . . . 35 Related USDA Reports . . . . . . . . . . . . . . . . . . . . 38 Metric Conversion Factors. . . . . . . . . . . . . . . . . . 38 Electronic Access and Subscriptions. . . . . . . . . . . . . 40 WASDE-451-8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : World Total grains 3/ : 2005/06 : 2,017.11 2,420.26 253.38 2,031.44 388.82 2006/07 (Est.) : 1,991.37 2,380.19 254.07 2,045.60 334.58 2007/08 (Proj.) : September : 2,086.49 2,419.50 248.98 2,103.91 315.59 October : 2,072.43 2,407.01 250.80 2,093.77 313.24 Wheat : 2005/06 : 621.66 772.08 116.16 624.45 147.63 2006/07 (Est.) : 593.08 740.71 110.57 617.99 122.72 2007/08 (Proj.) : September : 606.24 731.32 106.91 618.96 112.36 October : 600.47 723.19 105.80 616.22 106.97 Coarse grains 4/ : 2005/06 : 977.39 1,155.19 107.06 991.45 163.74 2006/07 (Est.) : 980.17 1,143.91 114.58 1,009.19 134.71 2007/08 (Proj.) : September : 1,061.76 1,192.51 112.29 1,060.27 132.24 October : 1,053.31 1,188.03 114.94 1,052.70 135.33 Rice, milled : 2005/06 : 418.06 492.98 30.16 415.54 77.44 2006/07 (Est.) : 418.13 495.57 28.92 418.42 77.15 2007/08 (Proj.) : September : 418.49 495.67 29.78 424.69 70.99 October : 418.64 495.79 30.06 424.85 70.94 : : United States Total grains 3/ : 2005/06 : 363.16 442.68 90.72 280.27 71.68 2006/07 (Est.) : 335.68 413.86 86.12 277.88 49.86 2007/08 (Proj.) : September : 420.77 472.36 96.45 318.68 57.23 October : 419.72 475.27 101.56 310.42 63.29 Wheat : 2005/06 : 57.28 74.19 27.29 31.36 15.55 2006/07 (Est.) : 49.32 68.18 24.73 31.04 12.41 2007/08 (Proj.) : September : 57.53 72.25 29.94 32.47 9.84 October : 56.25 70.97 31.30 31.32 8.35 Coarse grains 4/ : 2005/06 : 298.76 359.61 59.77 245.07 54.77 2006/07 (Est.) : 280.11 337.41 58.45 242.78 36.18 2007/08 (Proj.) : September : 357.10 392.06 63.32 282.22 46.52 October : 357.18 396.07 66.87 275.10 54.10 Rice, milled : 2005/06 : 7.11 8.87 3.66 3.84 1.37 2006/07 (Est.) : 6.25 8.27 2.95 4.06 1.27 2007/08 (Proj.) : September : 6.13 8.05 3.20 3.99 0.86 October : 6.30 8.22 3.39 3.99 0.84 =============================================================================== 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-451-9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : Foreign 3/ Total grains 4/ : 2005/06 : 1,653.95 1,977.58 162.65 1,751.17 317.13 2006/07 (Est.) : 1,655.69 1,966.33 167.95 1,767.73 284.72 2007/08 (Proj.) : September : 1,665.72 1,947.14 152.52 1,785.23 258.36 October : 1,652.70 1,931.74 149.24 1,783.35 249.96 Wheat : 2005/06 : 564.38 697.89 88.87 593.09 132.09 2006/07 (Est.) : 543.76 672.53 85.84 586.96 110.31 2007/08 (Proj.) : September : 548.71 659.07 76.98 586.49 102.52 October : 544.22 652.22 74.50 584.89 98.62 Coarse grains 5/ : 2005/06 : 678.62 795.58 47.28 746.38 108.98 2006/07 (Est.) : 700.05 806.50 56.14 766.41 98.54 2007/08 (Proj.) : September : 704.65 800.45 48.97 778.05 85.72 October : 696.14 791.95 48.07 777.59 81.23 Rice, milled : 2005/06 : 410.94 484.12 26.50 411.71 76.07 2006/07 (Est.) : 411.88 487.30 25.97 414.36 75.88 2007/08 (Proj.) : September : 412.35 487.62 26.58 420.69 70.12 October : 412.34 487.57 26.67 420.86 70.11 =============================================================================== 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet and mixed grains. World and U.S. Supply and Use for Cotton 1/ Million 480-lb. bales =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : World 2005/06 : 117.73 174.91 44.97 116.36 59.96 2006/07 (Est.) : 122.11 182.07 37.81 123.31 60.33 2007/08 (Proj.) : September : 117.18 173.98 39.70 127.78 51.56 October : 120.26 180.58 40.25 129.50 55.01 : United States 2005/06 : 23.89 29.41 18.04 5.87 6.05 2006/07 (Est.) : 21.59 27.66 13.00 4.95 9.48 2007/08 (Proj.) : September : 17.81 27.53 16.70 4.60 6.20 October : 18.15 27.65 16.70 4.60 6.40 : Foreign 3/ 2005/06 : 93.84 145.50 26.93 110.49 53.91 2006/07 (Est.) : 100.52 154.42 24.81 118.37 50.85 2007/08 (Proj.) : September : 99.37 146.45 23.00 123.18 45.36 October : 102.10 152.93 23.55 124.90 48.61 =============================================================================== 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-451-10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade : Use 2/ : Stocks =============================================================================== : : World Oilseeds : 2005/06 : 391.82 448.57 75.95 318.50 64.37 2006/07 (Est.) : 406.55 470.92 82.70 330.78 72.04 2007/08 (Proj.) : September : 390.90 462.59 87.36 340.04 57.78 October : 392.00 464.04 87.31 340.43 58.14 Oilmeals : 2005/06 : 215.67 223.77 65.29 215.05 7.41 2006/07 (Est.) : 224.40 231.81 67.43 222.28 7.45 2007/08 (Proj.) : September : 233.10 240.46 71.03 231.95 7.33 October : 232.84 240.29 71.24 231.98 7.36 Vegetable Oils : 2005/06 : 118.00 127.97 46.60 115.03 10.17 2006/07 (Est.) : 121.50 131.67 48.31 121.08 8.60 2007/08 (Proj.) : September : 126.04 134.53 48.60 126.35 7.70 October : 126.05 134.65 48.91 126.46 7.76 : : United States Oilseeds : 2005/06 : 95.53 104.49 26.61 51.90 14.20 2006/07 (Est.) : 96.61 111.84 31.69 53.45 16.99 2007/08 (Proj.) : September : 80.16 97.60 27.35 53.88 6.85 October : 79.96 97.88 27.53 53.89 6.88 Oilmeals : 2005/06 : 39.95 41.82 7.61 33.85 0.36 2006/07 (Est.) : 41.50 43.53 8.30 34.88 0.35 2007/08 (Proj.) : September : 41.79 43.91 7.74 35.84 0.33 October : 41.74 43.87 7.74 35.80 0.33 Vegetable Oils : 2005/06 : 10.39 13.87 0.90 11.17 1.80 2006/07 (Est.) : 10.44 14.64 1.31 11.69 1.64 2007/08 (Proj.) : September : 10.53 14.54 1.04 12.41 1.09 October : 10.51 14.68 1.05 12.46 1.18 : : Foreign 3/ Oilseeds : 2005/06 : 296.29 344.08 49.34 266.60 50.17 2006/07 (Est.) : 309.94 359.08 51.01 277.33 55.05 2007/08 (Proj.) : September : 310.74 364.99 60.01 286.15 50.93 October : 312.04 366.16 59.78 286.54 51.26 Oilmeals : 2005/06 : 175.71 181.95 57.68 181.20 7.05 2006/07 (Est.) : 182.90 188.28 59.13 187.40 7.10 2007/08 (Proj.) : September : 191.31 196.55 63.29 196.11 7.01 October : 191.10 196.42 63.50 196.18 7.03 Vegetable Oils : 2005/06 : 107.61 114.10 45.70 103.86 8.37 2006/07 (Est.) : 111.06 117.03 47.00 109.40 6.95 2007/08 (Proj.) : September : 115.50 119.98 47.56 113.94 6.60 October : 115.54 119.96 47.87 114.00 6.59 =============================================================================== 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-451-11 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :============================== : : Est. : September October =============================================================================== Area : Million acres Planted : 57.2 57.3 60.5 60.4 Harvested : 50.1 46.8 52.1 51.0 Yield per harvested : Bushels acre : 42.0 38.7 40.6 40.5 : Million bushels Beginning stocks : 540 571 456 456 Production : 2,105 1,812 2,114 2,067 Imports : 81 122 85 85 Supply, total : 2,726 2,505 2,655 2,608 Food : 915 934 940 940 Seed : 78 81 83 86 Feed and residual : 160 125 170 125 Domestic, total : 1,152 1,140 1,193 1,151 Exports : 1,003 909 1,100 1,150 Use, total : 2,155 2,049 2,293 2,301 Ending stocks : 571 456 362 307 CCC inventory : 43 41 35 35 Free stocks : 528 415 327 272 Outstanding loans : 42 14 10 10 Avg. farm price ($/bu) 2/ : 3.42 4.26 5.50- 6.10 5.80- 6.40 =============================================================================== U.S. Wheat by Class: Supply and Use =============================================================================== Year beginning : Hard : Hard : Soft : : : June 1 : Winter : Spring : Red : White : Durum : Total =============================================================================== 2006/07 (estimated) : Million bushels Beginning stocks : 215 132 106 78 40 571 Production : 682 432 390 254 53 1,812 Supply, total 3/ : 898 614 516 342 135 2,505 Domestic use : 452 247 261 101 79 1,140 Exports : 281 250 146 197 35 909 Use, total : 733 497 407 298 114 2,049 Ending stocks, total : 165 117 109 44 22 456 : 2007/08 (projected) : Beginning stocks : 165 117 109 44 22 456 Production : 962 449 358 227 72 2,067 Supply, total 3/ : 1,127 598 477 278 128 2,608 Domestic use : 513 231 237 91 79 1,151 Exports : 490 280 195 155 30 1,150 Use, total : 1,003 511 432 246 109 2,301 Ending stocks, total : October : 124 87 45 32 19 307 September : 146 93 57 46 19 362 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. WASDE-451-12 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :============================== : : Est. : September October =============================================================================== FEED GRAINS : Area : Million acres Planted : 96.4 92.5 108.6 109.1 Harvested : 85.9 80.1 97.3 97.8 Yield per harvested : Metric tons acre : 3.47 3.50 3.67 3.65 : Million metric tons Beginning stocks : 58.8 54.7 32.2 36.2 Production : 298.6 279.9 356.9 357.0 Imports : 1.9 2.4 2.6 2.6 Supply, total : 359.3 337.1 391.7 395.7 Feed and residual : 163.2 148.3 156.9 152.9 Food, seed & industrial : 81.5 94.1 125.0 121.9 Domestic, total : 244.7 242.5 281.9 274.8 Exports : 59.8 58.4 63.3 66.9 Use, total : 304.5 300.9 345.2 341.7 Ending stocks, total : 54.7 36.2 46.5 54.1 CCC inventory : 0.0 0.0 0.0 Free stocks : 54.7 36.2 54.1 Outstanding loans : 4.4 3.0 7.0 : CORN : Area : Million acres Planted : 81.8 78.3 92.9 93.6 Harvested : 75.1 70.6 85.4 86.1 Yield per harvested : Bushels acre : 148.0 149.1 155.8 154.7 : Million bushels Beginning stocks : 2,114 1,967 1,142 1,304 Production : 11,114 10,535 13,308 13,318 Imports : 9 12 15 15 Supply, total : 13,237 12,514 14,465 14,637 Feed and residual : 6,155 5,600 5,850 5,700 Food, seed & industrial : 2,981 3,486 4,690 4,590 Ethanol for fuel 2/ : 1,603 2,115 3,300 3,200 Domestic, total : 9,136 9,086 10,540 10,290 Exports : 2,134 2,125 2,250 2,350 Use, total : 11,270 11,210 12,790 12,640 Ending stocks, total : 1,967 1,304 1,675 1,997 CCC inventory : 0 0 0 Free stocks : 1,967 1,304 1,997 Outstanding loans : 171 116 275 Avg. farm price ($/bu) 3/ : 2.00 3.04 2.80- 3.40 2.90- 3.50 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further breakout of FSI corn uses including ethanol, see the Feed Outlook table 5 or access the data on the Web through the Feed Grain Data Delivery System (http://www.ers.usda.gov/db/feedgrains/). 3/ Marketing-year weighted average price received by farmers. WASDE-451-13 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :============================== : : Est. : September October =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 6.5 6.5 7.8 7.7 Area harv. (mil. acres) : 5.7 4.9 6.7 6.7 Yield (bushels/acre) : 68.5 56.2 73.9 74.8 Beginning stocks : 57 66 38 32 Production : 393 278 495 501 Imports : 0 0 0 0 Supply, total : 450 343 533 534 Feed and residual : 140 109 190 180 Food, seed & industrial : 50 45 55 35 Total domestic : 190 154 245 215 Exports : 194 157 220 260 Use, total : 384 311 465 475 Ending stocks, total : 66 32 68 59 Avg. farm price ($/bu) 2/ : 1.86 3.29 2.60- 3.20 2.70- 3.30 : BARLEY : Area planted (mil. acres) : 3.9 3.5 4.0 4.0 Area harv. (mil. acres) : 3.3 3.0 3.5 3.5 Yield (bushels/acre) : 64.8 61.1 63.1 60.4 Beginning stocks : 128 108 69 69 Production : 212 180 223 212 Imports : 5 12 15 15 Supply, total : 346 300 307 296 Feed and residual : 52 56 60 60 Food, seed & industrial : 158 156 155 155 Total domestic : 210 211 215 215 Exports : 28 20 25 25 Use, total : 238 231 240 240 Ending stocks, total : 108 69 67 56 Avg. farm price ($/bu) 2/ : 2.53 2.85 2.95- 3.55 3.20- 3.80 : OATS : Area planted (mil. acres) : 4.2 4.2 3.9 3.8 Area harv. (mil. acres) : 1.8 1.6 1.6 1.5 Yield (bushels/acre) : 63.0 59.8 61.0 60.9 Beginning stocks : 58 53 51 51 Production : 115 94 98 92 Imports : 91 106 110 110 Supply, total : 264 252 260 252 Feed and residual : 136 125 130 130 Food, seed & industrial : 74 74 75 75 Total domestic : 209 199 205 205 Exports : 2 3 2 2 Use, total : 211 202 207 207 Ending stocks, total : 53 51 53 45 Avg. farm price ($/bu) 2/ : 1.63 1.87 1.85- 2.45 2.00- 2.60 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum, June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. WASDE-451-14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :============================== : : Est. : September October =============================================================================== TOTAL : Area : Million acres Planted : 3.38 2.84 2.75 2.75 Harvested : 3.36 2.82 2.73 2.73 Yield per harvested : Pounds acre : 6,636 6,868 7,024 7,215 : : Million hundredweight : Beginning stocks 2/ : 37.7 43.0 39.3 39.3 Production : 223.2 193.7 191.8 197.1 Imports : 17.1 20.6 20.5 20.5 Supply, total : 278.1 257.3 251.6 256.9 Domestic & residual 3/ : 120.2 126.7 124.7 124.7 Exports, total 4/ : 114.9 91.3 100.0 106.0 Rough : 33.4 32.1 33.0 33.5 Milled (rough equiv.) : 81.4 59.2 67.0 72.5 Use, total : 235.1 218.0 224.7 230.7 Ending stocks : 43.0 39.3 27.0 26.2 Avg. milling yield (%) 5/ : 70.2 71.1 70.5 70.5 Avg. farm price ($/cwt) 6/ : 7.65 9.74 9.85-10.25 10.30-10.70 : LONG GRAIN : Harvested acres (mil.) : 2.73 2.19 Yield (pounds/acre) : 6,493 6,689 Beginning stocks : 22.7 32.7 28.5 28.5 Production : 177.5 146.2 138.2 142.0 Supply, total 7/ : 212.5 193.1 181.8 185.5 Domestic & Residual 3/ : 87.9 92.0 89.0 89.0 Exports 8/ : 92.0 72.6 77.0 83.0 Use, total : 179.8 164.6 166.0 172.0 Ending stocks : 32.7 28.5 15.8 13.5 : : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.63 0.64 Yield (pounds/acre) : 7,255 7,484 Beginning stocks : 13.8 9.4 10.0 10.0 Production : 45.7 47.5 53.6 55.0 Supply, total 7/ : 64.7 63.4 69.1 70.6 Domestic & Residual 3/ : 32.4 34.7 35.7 35.7 Exports 8/ : 22.9 18.7 23.0 23.0 Use, total : 55.2 53.4 58.7 58.7 Ending stocks : 9.4 10.0 10.5 11.9 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2005/06-1.1; 2006/07-0.9; 2007/08-0.8. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. WASDE-451-15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :=============================== : : Est. : September October =============================================================================== SOYBEANS: : Million acres Area : Planted : 72.0 75.5 64.1 63.7 Harvested : 71.3 74.6 63.3 62.8 : : Bushels Yield per harvested : acre : 43.0 42.7 41.4 41.4 : : Million bushels : Beginning stocks : 256 449 555 573 Production : 3,063 3,188 2,619 2,598 Imports : 3 9 6 6 Supply, total : 3,322 3,647 3,180 3,177 Crushings : 1,739 1,806 1,825 1,825 Exports : 940 1,118 975 975 Seed : 93 78 85 85 Residual : 101 71 79 77 Use, total : 2,873 3,074 2,964 2,962 Ending stocks : 449 573 215 215 Avg. farm price ($/bu) 2/ : 5.66 6.43 7.35- 8.35 7.85 - 8.85 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 1,699 3,010 2,580 2,825 Production : 20,387 20,475 _3/ 20,715 20,715 Imports : 35 40 40 40 Supply, total : 22,122 23,525 23,335 23,580 Domestic : 17,959 18,800 20,300 20,200 For methyl ester : 1,555 2,900 4,000 4,200 Exports : 1,153 1,900 1,300 1,450 Use, total : 19,112 20,700 21,600 21,650 Ending stocks : 3,010 2,825 1,735 1,930 Average price (c/lb) 2/ : 23.41 31.02 33.00- 34.50- : 37.00 38.50 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 172 314 300 300 Production : 41,244 42,981 _3/ 43,385 43,385 Imports : 141 155 165 165 Supply, total : 41,557 43,450 43,850 43,850 Domestic : 33,195 34,300 35,300 35,300 Exports : 8,048 8,850 8,250 8,250 Use, total : 41,243 43,150 43,550 43,550 Ending stocks : 314 300 300 300 Average price ($/s.t.) 2/ : 174.17 205.44 205.00- 220.00- : 235.00 250.00 =============================================================================== Note: Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and meal. 2/ Prices: Soybeans, marketing year weighted average price received by farmers; for Oil, simple average of crude soybean oil, Decatur; for Meal, simple average of 48 percent, Decatur. 3/ Based on an October year crush estimate of 1,810 million bushels. WASDE-451-16 U.S. Sugar Supply and Use 1/ ===================================================================== : : : 2007/08 Projection Item : 2005/06 : 2006/07 :==================== : : Est. : September October ===================================================================== : 1,000 short tons, raw value : Beginning stocks : 1,332 1,698 1,772 1,750 Production 2/ : 7,399 8,488 8,341 8,446 Beet sugar : 4,444 5,028 4,657 4,764 Cane sugar : 2,955 3,460 3,684 3,682 Florida : 1,367 1,713 1,774 1,774 Hawaii : 223 232 282 280 Louisiana : 1,190 1,335 1,430 1,430 Texas : 175 180 198 198 Imports : 3,443 2,074 2,109 2,123 TRQ 3/ : 2,588 1,624 1,354 1,368 Other program 4/ : 349 390 425 425 Other 5/ : 506 60 330 330 Mexico : 420 60 325 325 Total supply : 12,174 12,260 12,222 12,319 : Exports : 203 435 250 250 Deliveries : 10,341 10,075 10,170 10,170 Food : 10,184 9,850 10,000 10,000 Other 6/ : 157 225 170 170 Miscellaneous 7/ : -68 0 0 0 Total use : 10,476 10,510 10,420 10,420 Ending stocks : 1,698 1,750 1,802 1,899 : Stocks to use ratio : 16.2 16.7 17.3 18.2 ====================================================================== 1/ Fiscal years beginning Oct 1. Includes Puerto Rico. Historical data are from FSA, "Sweetener Market Data" except imports (U.S. Customs Service, Census Bureau). 2/ Production projections for 2007/08 are processor projections compiled by the Farm Sevice Agency. 3/ Actual arrivals under the tariff rate quota (TRQ) with late entries, early entries, and TRQ overfills assigned to the fiscal year in which they actually arrived. For 2007/08, includes shortfall of 70,000 tons. 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ Does not include Mexico TRQ imports. For 2005/06, other high-tier (30) and other (56). For 2006/07, other high-tier (0) and other (0). For 2007/08, other high-tier (0) and other (5). 6/ Transfers to sugar-containing products for reexport, and for nonedible alcohol and feed. 7/ Includes SMD miscellaneous uses and the difference between SMD imports and WASDE imports. WASDE-451-17 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :=============================== : : Est. : September October =============================================================================== : Million acres Area : Planted : 14.25 15.27 10.85 10.85 Harvested : 13.80 12.73 10.54 10.54 : : Pounds Yield per harvested : acre : 831 814 811 826 : : Million 480 pound bales : Beginning stocks 2/ : 5.50 6.05 9.70 9.48 Production : 23.89 21.59 17.81 18.15 Imports : 0.03 0.02 0.02 0.02 Supply, total : 29.41 27.66 27.53 27.65 Domestic use : 5.87 4.95 4.60 4.60 Exports : 18.04 13.00 16.70 16.70 Use, total : 23.91 17.95 21.30 21.30 Unaccounted 3/ : -0.55 0.23 0.03 -0.05 Ending stocks : 6.05 9.48 6.20 6.40 : Avg. farm price 4/ : 47.7 47.3 44.9 5/ =============================================================================== Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Based on Bureau of Census data. 3/ Reflects the difference between the previous season's supply less total use and ending stocks based on Bureau of Census data. 4/ Cents per pound for upland cotton. 5/ Average price for August 2007. USDA is prohibited by law from publishing cotton price projections. =============================================================================== Notes: Public Law 106-78, signed October 22, 1999, requires the Secretary of Agriculture to estimate and report the U.S. upland cotton season-ending stocks-to-use ratio, excluding projected raw cotton imports but including the quantity of raw cotton imports that has been imported during the marketing year. Pursuant to this requirement, the estimated ratio for 2007/08 is 30.9 percent. A table including detail for upland and extra long staple (ELS) cotton will be posted by noon on WASDE report release days at: http://www.usda.gov/oce/commodity/wasde/index.htm WASDE-451-18 World Wheat Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2005/06 : World 3/ : 150.42 621.66 110.15 111.31 624.45 116.16 147.63 United States : 14.70 57.28 2.21 4.35 31.36 27.29 15.55 Total foreign : 135.72 564.38 107.94 106.96 593.09 88.87 132.09 Major exporters 4/ : 42.66 197.97 7.13 70.94 147.24 57.27 43.25 Argentina : 0.55 14.50 0.01 0.08 5.00 9.56 0.50 Australia : 6.70 25.37 0.08 3.70 6.40 16.01 9.73 Canada : 7.92 25.75 0.29 4.18 8.32 16.00 9.64 EU-27 5/ : 27.49 132.36 6.76 62.98 127.53 15.69 23.38 Major importers 6/ : 61.99 162.78 58.77 8.40 218.96 4.42 60.16 Brazil : 1.35 4.87 6.72 0.60 10.80 0.81 1.33 China : 38.82 97.45 1.02 3.50 101.00 1.40 34.89 Select. Mideast 7/ : 5.46 19.77 12.18 1.95 30.02 0.60 6.78 N. Africa 8/ : 10.52 15.18 18.56 0.30 33.51 0.23 10.51 Pakistan : 2.25 21.61 0.95 0.40 21.50 0.05 3.26 Southeast Asia 9/ : 2.05 0.00 10.33 1.23 10.00 0.38 2.00 Selected other : India : 4.10 68.64 0.03 0.30 69.97 0.80 2.00 FSU-12 : 13.46 91.93 5.15 23.31 75.74 21.13 13.67 Russia : 3.89 47.70 1.28 14.90 38.40 10.66 3.81 Kazakhstan : 3.19 11.00 0.04 2.70 7.40 3.82 3.01 Ukraine : 2.61 18.70 0.07 2.90 12.50 6.46 2.41 : : 2006/07 (Estimated) : World 3/ : 147.63 593.08 112.35 105.80 617.99 110.57 122.72 United States : 15.55 49.32 3.32 3.41 31.04 24.73 12.41 Total foreign : 132.09 543.76 109.03 102.39 586.96 85.84 110.31 Major exporters 4/ : 43.25 175.16 5.92 69.51 146.74 52.66 24.93 Argentina : 0.50 15.20 0.01 0.08 4.90 10.50 0.31 Australia : 9.73 9.90 0.09 4.70 7.40 9.00 3.32 Canada : 9.64 25.27 0.32 4.33 8.74 19.66 6.83 EU-27 5/ : 23.38 124.80 5.50 60.40 125.70 13.50 14.48 Major importers 6/ : 60.16 170.67 54.61 7.73 219.50 5.18 60.76 Brazil : 1.33 2.23 7.75 0.20 10.50 0.04 0.78 China : 34.89 104.00 0.38 4.00 101.00 2.78 35.49 Select. Mideast 7/ : 6.78 20.13 10.17 1.55 30.01 0.55 6.51 N. Africa 8/ : 10.51 18.53 16.21 0.30 33.94 0.22 11.09 Pakistan : 3.26 21.70 0.06 0.40 21.90 0.20 2.92 Southeast Asia 9/ : 2.00 0.00 10.69 0.88 9.96 0.42 2.32 Selected other : India : 2.00 69.35 6.71 0.30 74.36 0.20 3.50 FSU-12 : 13.67 85.94 5.93 21.45 73.65 22.35 9.54 Russia : 3.81 44.90 0.86 14.10 36.40 10.79 2.38 Kazakhstan : 3.01 13.50 0.02 2.70 7.50 8.00 1.04 Ukraine : 2.41 14.00 0.08 2.10 11.70 3.37 1.43 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the EU-27. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-451-19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2007/08 (Projected) World 3/ : September : 125.08 606.24 104.11 101.20 618.96 106.91 112.36 October : 122.72 600.47 103.03 99.53 616.22 105.80 106.97 United States : September : 12.40 57.53 2.31 4.63 32.47 29.94 9.84 October : 12.41 56.25 2.31 3.40 31.32 31.30 8.35 Total foreign : September : 112.68 548.71 101.80 96.57 586.49 76.98 102.52 October : 110.31 544.22 100.72 96.13 584.89 74.50 98.62 Major exporters 4/ : September : 24.92 177.13 6.85 64.78 141.65 47.50 19.75 October : 24.93 169.36 6.85 63.38 140.14 43.00 18.00 Argentina Sep : 0.31 14.00 0.00 0.08 4.90 9.00 0.41 Oct : 0.31 14.50 0.00 0.08 4.90 9.50 0.41 Australia Sep : 3.21 21.00 0.08 4.00 6.70 14.00 3.59 Oct : 3.32 13.50 0.08 3.30 5.70 9.50 1.70 Canada Sep : 6.92 20.30 0.28 4.30 8.75 14.00 4.75 Oct : 6.83 20.60 0.28 4.00 8.74 14.00 4.96 EU-27 5/ Sep : 14.48 121.83 6.50 56.40 121.30 10.50 11.01 Oct : 14.48 120.76 6.50 56.00 120.80 10.00 10.94 Major importers 6/ : September : 60.18 169.77 52.50 6.82 219.01 5.22 58.22 October : 60.76 169.77 52.25 6.80 218.83 5.72 58.23 Brazil Sep : 0.78 3.60 6.80 0.10 10.40 0.01 0.77 Oct : 0.78 3.60 6.80 0.10 10.40 0.01 0.77 China Sep : 35.56 105.00 0.50 4.00 100.50 2.50 38.06 Oct : 35.49 105.00 0.50 4.00 100.50 3.00 37.49 Sel. Mideast 7/Sep : 6.53 20.27 8.95 0.90 28.94 0.55 6.27 Oct : 6.51 20.27 8.60 0.90 28.64 0.55 6.20 N. Africa 8/ Sep : 10.44 13.78 16.75 0.15 34.28 0.16 6.53 Oct : 11.09 13.78 16.55 0.15 34.38 0.16 6.89 Pakistan Sep : 3.00 23.00 0.15 0.40 22.40 0.60 3.15 Oct : 2.92 23.00 0.50 0.40 22.40 0.60 3.42 SE Asia 9/ Sep : 2.23 0.00 10.25 0.92 10.25 0.43 1.80 Oct : 2.32 0.00 10.20 0.90 10.28 0.43 1.82 Selected other : India Sep : 3.50 74.89 3.00 0.20 75.85 0.05 5.49 Oct : 3.50 74.89 3.00 0.20 75.85 0.05 5.49 FSU-12 Sep : 12.62 87.74 4.55 21.73 73.72 20.15 11.04 Oct : 9.54 91.04 4.65 22.60 74.61 21.65 8.96 Russia Sep : 2.61 47.00 1.20 14.20 36.70 12.00 2.11 Oct : 2.38 48.00 1.00 14.90 37.20 12.00 2.18 Kazakhstan Sep : 4.00 14.00 0.02 2.70 7.80 6.50 3.72 Oct : 1.04 16.00 0.02 2.70 7.50 8.00 1.55 Ukraine Sep : 1.45 13.50 0.01 2.30 11.90 1.50 1.56 Oct : 1.43 13.80 0.01 2.60 12.20 1.50 1.54 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the EU-27. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-451-20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2005/06 : World 3/ : 177.80 977.39 104.43 635.09 991.45 107.06 163.74 United States : 58.80 298.76 2.05 163.33 245.07 59.77 54.77 Total foreign : 119.00 678.62 102.38 471.76 746.38 47.28 108.98 Major exporters 4/ : 13.61 65.17 3.09 35.55 48.23 20.26 13.39 Argentina : 1.56 19.22 0.06 6.81 9.37 10.02 1.46 Australia : 2.30 13.67 0.00 5.89 7.17 5.59 3.21 Canada : 6.32 24.97 1.99 18.64 22.92 4.08 6.28 Major importers 5/ : 47.57 216.52 77.49 218.30 293.31 5.65 42.62 EU-27 6/ : 25.02 146.74 2.78 109.42 147.54 4.36 22.64 Japan : 1.88 0.19 19.77 15.06 20.09 0.00 1.74 Mexico : 5.40 25.83 9.90 21.19 37.59 0.21 3.34 N. Afr & Mideast 7/: 8.62 26.61 18.84 38.90 45.80 0.89 7.38 Saudi Arabia : 2.71 0.20 8.52 8.00 8.19 0.00 3.25 Southeast Asia 8/ : 1.69 16.55 4.41 14.57 20.33 0.20 2.13 South Korea : 1.38 0.34 8.55 6.56 8.91 0.00 1.36 Selected other : Brazil : 4.38 44.17 1.36 35.01 42.22 4.52 3.17 China : 37.02 147.70 2.31 103.12 147.46 3.76 35.81 FSU-12 : 7.26 55.17 1.09 33.61 49.58 8.47 5.47 Russia : 2.67 27.60 0.54 17.65 27.70 1.78 1.33 Ukraine : 2.67 18.14 0.07 8.45 11.99 6.50 2.40 : : 2006/07 (Estimated) : World 3/ : 163.74 980.17 111.07 628.55 1009.19 114.58 134.71 United States : 54.77 280.11 2.53 148.40 242.78 58.45 36.18 Total foreign : 108.98 700.05 108.54 480.15 766.41 56.14 98.54 Major exporters 4/ : 13.39 63.57 3.50 35.88 49.59 23.43 7.43 Argentina : 1.46 27.54 0.00 7.41 10.12 17.21 1.67 Australia : 3.21 5.76 0.00 4.56 5.79 2.13 1.04 Canada : 6.28 23.15 2.17 19.35 24.28 3.57 3.75 Major importers 5/ : 42.62 212.56 84.50 219.61 295.42 5.61 38.63 EU-27 6/ : 22.64 138.68 8.07 108.01 146.51 4.91 17.98 Japan : 1.74 0.18 19.69 14.86 19.79 0.00 1.82 Mexico : 3.34 28.73 11.00 22.88 39.38 0.00 3.69 N. Afr & Mideast 7/: 7.38 27.49 20.69 40.02 47.28 0.30 7.98 Saudi Arabia : 3.25 0.20 7.30 7.63 7.81 0.00 2.94 Southeast Asia 8/ : 2.13 16.90 4.12 14.86 20.62 0.41 2.11 South Korea : 1.36 0.33 9.09 7.05 9.45 0.00 1.32 Selected other : Brazil : 3.17 53.17 1.11 36.38 43.53 9.53 4.39 China : 35.81 153.56 1.36 104.69 152.82 5.30 32.60 FSU-12 : 5.47 58.55 0.76 35.44 51.01 8.29 5.48 Russia : 1.33 30.20 0.40 18.60 28.60 1.70 1.63 Ukraine : 2.40 19.18 0.03 9.95 13.38 5.90 2.33 =============================================================================== 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and South Africa. 5/ The EU-27, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-451-21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2007/08 (Projected) World 3/ : September : 130.75 1061.76 112.79 648.18 1060.27 112.29 132.24 October : 134.71 1053.31 115.24 643.99 1052.70 114.94 135.33 United States : September : 32.24 357.10 2.72 156.99 282.22 63.32 46.52 October : 36.18 357.18 2.72 152.92 275.10 66.87 54.10 Total foreign : September : 98.52 704.65 110.07 491.18 778.05 48.97 85.72 October : 98.54 696.14 112.52 491.07 777.59 48.07 81.23 Major exporters 4/ : September : 7.29 78.31 2.15 37.09 52.21 27.12 8.42 October : 7.43 75.82 2.45 36.89 51.86 25.22 8.62 Argentina Sep : 1.67 27.47 0.00 7.71 10.47 17.31 1.37 Oct : 1.67 27.47 0.00 7.71 10.47 17.31 1.37 Australia Sep : 1.04 11.81 0.00 5.47 6.75 4.94 1.16 Oct : 1.04 9.51 0.00 5.67 6.95 2.54 1.06 Canada Sep : 3.61 28.10 1.77 19.35 25.56 4.10 3.81 Oct : 3.75 27.91 2.07 18.95 25.02 4.60 4.11 Major importers 5/ : September : 39.00 207.89 88.12 225.61 302.24 4.45 28.33 October : 38.63 206.79 90.33 225.70 302.23 4.95 28.58 EU-27 6/ Sep : 18.23 134.98 10.22 109.74 149.04 4.11 10.28 Oct : 17.98 133.89 13.32 110.13 149.43 4.61 11.14 Japan Sep : 1.82 0.17 18.89 14.41 19.24 0.00 1.64 Oct : 1.82 0.17 18.89 14.41 19.24 0.00 1.64 Mexico Sep : 3.69 29.58 13.30 25.98 42.68 0.03 3.86 Oct : 3.69 29.58 12.80 25.48 42.18 0.03 3.86 N Afr/M.East 7/Sep : 8.05 25.45 20.50 40.72 47.81 0.05 6.15 Oct : 7.98 25.45 20.30 40.62 47.61 0.05 6.07 Saudi Arabia Sep : 2.94 0.20 7.40 7.73 7.91 0.00 2.63 Oct : 2.94 0.20 7.20 8.03 8.21 0.00 2.13 S.-east Asia 8/Sep : 2.15 17.12 4.21 15.56 21.42 0.26 1.80 Oct : 2.11 17.12 4.21 15.56 21.42 0.26 1.76 South Korea Sep : 1.32 0.32 9.17 7.15 9.53 0.00 1.28 Oct : 1.32 0.32 9.17 7.15 9.53 0.00 1.28 Selected other : Brazil Sep : 3.79 53.86 0.56 37.78 45.01 7.03 6.17 Oct : 4.39 52.86 1.01 38.28 45.51 8.03 4.72 China Sep : 33.08 155.40 1.93 106.71 158.25 3.04 29.12 Oct : 32.60 151.40 1.53 106.61 157.85 1.54 26.15 FSU-12 Sep : 5.48 53.29 0.71 35.26 50.37 5.00 4.11 Oct : 5.48 53.09 0.71 35.16 50.27 5.40 3.61 Russia Sep : 1.63 30.15 0.43 19.00 28.88 1.70 1.63 Oct : 1.63 29.65 0.43 19.00 28.88 1.70 1.13 Ukraine Sep : 2.33 14.05 0.02 9.60 12.65 2.51 1.24 Oct : 2.33 14.05 0.02 9.60 12.65 2.51 1.24 =============================================================================== 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and South Africa. 5/ The EU-27, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-451-22 World Corn Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2005/06 : World 3/ : 130.69 696.22 79.39 476.16 703.93 80.92 122.99 United States : 53.70 282.31 0.22 156.34 232.06 54.20 49.97 Total foreign : 76.99 413.91 79.17 319.82 471.86 26.72 73.02 Major exporters 4/ : 4.15 22.74 1.00 8.40 14.40 10.01 3.46 Argentina : 0.96 15.80 0.06 4.40 6.20 9.46 1.16 South Africa : 3.19 6.94 0.93 4.00 8.20 0.55 2.31 Major importers 5/ : 17.99 103.16 47.86 105.16 149.70 0.83 18.47 Egypt : 0.42 5.93 4.40 8.30 10.10 0.00 0.65 EU-27 6/ : 8.10 61.15 2.63 47.00 61.50 0.45 9.93 Japan : 1.03 0.00 16.62 12.00 16.70 0.00 0.95 Mexico : 4.53 19.50 6.79 12.40 27.90 0.21 2.71 Southeast Asia 7/ : 1.66 16.46 4.40 14.50 20.25 0.17 2.10 South Korea : 1.38 0.07 8.48 6.51 8.58 0.00 1.36 Selected other : Brazil : 4.19 41.70 1.15 33.00 39.50 4.52 3.02 Canada : 1.80 9.36 1.93 8.55 10.84 0.25 2.00 China : 36.56 139.36 0.06 101.00 137.00 3.73 35.26 FSU-12 : 2.17 13.15 0.63 10.12 11.76 2.55 1.63 Ukraine : 1.32 7.15 0.01 4.40 5.10 2.46 0.92 : : 2006/07 (Estimated) : World 3/ : 122.99 703.41 88.76 471.24 721.35 91.31 105.05 United States : 49.97 267.60 0.30 142.24 230.78 53.97 33.12 Total foreign : 73.02 435.81 88.46 329.00 490.56 37.34 71.93 Major exporters 4/ : 3.46 29.20 1.20 9.10 15.50 16.30 2.06 Argentina : 1.16 22.50 0.00 4.80 6.70 15.80 1.16 South Africa : 2.31 6.70 1.20 4.30 8.80 0.50 0.91 Major importers 5/ : 18.47 100.04 54.71 107.60 152.48 1.13 19.61 Egypt : 0.65 5.94 4.60 8.50 10.50 0.00 0.69 EU-27 6/ : 9.93 55.19 7.10 46.50 61.10 0.75 10.37 Japan : 0.95 0.00 16.70 11.90 16.50 0.00 1.15 Mexico : 2.71 22.00 8.80 14.70 30.30 0.00 3.21 Southeast Asia 7/ : 2.10 16.81 4.11 14.80 20.55 0.38 2.09 South Korea : 1.36 0.07 9.00 7.00 9.10 0.00 1.32 Selected other : Brazil : 3.02 51.00 0.75 34.50 41.00 9.50 4.27 Canada : 2.00 8.99 2.10 8.30 11.20 0.30 1.59 China : 35.26 145.00 0.03 103.00 143.00 5.20 32.08 FSU-12 : 1.63 12.70 0.35 10.24 11.85 1.13 1.70 Ukraine : 0.92 6.40 0.00 4.50 5.25 1.00 1.07 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina and South Africa. 5/ Egypt, the EU-27, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-451-23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2007/08 (Projected) World 3/ : September : 100.96 774.10 87.93 486.06 769.62 88.55 105.44 October : 105.05 768.97 90.08 482.25 763.66 91.09 110.36 United States : September : 29.01 338.04 0.38 148.60 267.73 57.15 42.55 October : 33.12 338.29 0.38 144.79 261.38 59.69 50.72 Total foreign : September : 71.95 436.07 87.55 337.47 501.90 31.40 62.89 October : 71.93 430.67 89.70 337.47 502.28 31.40 59.63 Major exporters 4/ : September : 2.06 33.00 0.25 9.15 15.60 16.75 2.96 October : 2.06 33.00 0.25 9.15 15.60 16.75 2.96 Argentina Sep : 1.16 22.50 0.00 4.80 6.70 16.00 0.96 Oct : 1.16 22.50 0.00 4.80 6.70 16.00 0.96 South Africa Sep : 0.91 10.50 0.25 4.35 8.90 0.75 2.01 Oct : 0.91 10.50 0.25 4.35 8.90 0.75 2.01 Major importers 5/ : September : 19.90 93.24 56.40 111.10 156.68 0.56 12.31 October : 19.61 92.69 57.90 110.60 156.18 0.56 13.47 Egypt Sep : 0.69 5.98 4.50 8.60 10.70 0.00 0.47 Oct : 0.69 5.98 4.50 8.60 10.70 0.00 0.47 EU-27 6/ Sep : 10.62 46.94 8.00 46.50 61.50 0.30 3.76 Oct : 10.37 46.39 9.50 46.00 61.00 0.30 4.96 Japan Sep : 1.15 0.00 16.10 11.70 16.20 0.00 1.05 Oct : 1.15 0.00 16.10 11.70 16.20 0.00 1.05 Mexico Sep : 3.21 23.20 10.20 17.50 33.30 0.03 3.28 Oct : 3.21 23.20 10.20 17.50 33.30 0.03 3.28 S.-east Asia 7/Sep : 2.13 17.03 4.20 15.50 21.35 0.24 1.77 Oct : 2.09 17.03 4.20 15.50 21.35 0.24 1.74 South Korea Sep : 1.32 0.06 9.10 7.10 9.20 0.00 1.28 Oct : 1.32 0.06 9.10 7.10 9.20 0.00 1.28 Selected other : Brazil Sep : 3.67 51.00 0.30 35.50 42.00 7.00 5.97 Oct : 4.27 50.00 0.75 36.00 42.50 8.00 4.52 Canada Sep : 1.49 10.57 1.70 8.20 12.10 0.20 1.46 Oct : 1.59 10.56 2.00 8.50 12.40 0.20 1.55 China Sep : 32.56 147.00 0.10 105.00 148.00 3.00 28.66 Oct : 32.08 143.00 0.10 105.00 148.00 1.50 25.68 FSU-12 Sep : 1.70 12.11 0.40 10.26 11.70 1.63 0.88 Oct : 1.70 12.11 0.40 10.26 11.70 1.63 0.88 Ukraine Sep : 1.07 6.50 0.00 5.00 5.60 1.50 0.47 Oct : 1.07 6.50 0.00 5.00 5.60 1.50 0.47 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina and South Africa. 5/ Egypt, the EU-27, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-451-24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total 2/: : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2005/06 World 3/ : 74.93 418.06 26.13 415.54 30.16 77.44 United States : 1.21 7.11 0.54 3.84 3.66 1.37 Total foreign : 73.72 410.94 25.59 411.71 26.50 76.07 Major exporters 4/ : 12.41 138.31 0.36 114.92 20.43 15.73 India : 8.50 91.79 0.01 85.09 4.69 10.52 Pakistan : 0.31 5.55 0.00 1.90 3.66 0.30 Thailand : 2.31 18.20 0.00 9.54 7.38 3.59 Vietnam : 1.29 22.77 0.35 18.39 4.71 1.32 Major importers 5/ : 12.98 60.16 10.79 69.82 0.50 13.60 Brazil : 1.75 7.87 0.75 8.97 0.28 1.11 EU-27 6/ : 1.14 1.74 1.13 2.65 0.16 1.19 Indonesia : 3.45 34.96 0.54 35.74 0.00 3.21 Nigeria : 0.42 2.70 1.78 4.35 0.00 0.55 Philippines : 4.57 9.82 1.62 10.72 0.00 5.29 Sel. Mideast 7/ : 1.46 2.52 3.91 5.74 0.06 2.09 Selected other : Burma : 0.71 10.44 0.00 10.40 0.05 0.70 C. Amer & Carib 8/ : 0.13 0.07 0.48 0.48 0.00 0.20 China : 38.93 126.41 0.65 128.00 1.22 36.78 Egypt : 0.50 4.14 0.03 3.28 0.96 0.43 Japan : 1.92 8.26 0.67 8.25 0.20 2.40 Mexico : 0.17 0.18 0.58 0.78 0.00 0.16 South Korea : 0.82 4.77 0.22 4.77 0.22 0.82 : : 2006/07 (Estimated) World 3/ : 77.44 418.13 28.37 418.42 28.92 77.15 United States : 1.37 6.25 0.65 4.06 2.95 1.27 Total foreign : 76.07 411.88 27.72 414.36 25.97 75.88 Major exporters 4/ : 15.73 138.83 0.46 118.16 20.40 16.46 India : 10.52 92.76 0.00 87.65 4.20 11.43 Pakistan : 0.30 5.20 0.00 2.14 3.10 0.26 Thailand : 3.59 18.25 0.01 9.87 8.50 3.48 Vietnam : 1.32 22.63 0.45 18.50 4.60 1.29 Major importers 5/ : 13.60 58.89 11.81 70.38 0.35 13.57 Brazil : 1.11 7.70 0.85 8.95 0.15 0.56 EU-27 6/ : 1.19 1.69 1.10 2.70 0.15 1.13 Indonesia : 3.21 33.30 1.90 35.55 0.00 2.86 Nigeria : 0.55 2.90 1.60 4.45 0.00 0.60 Philippines : 5.29 10.09 1.80 11.55 0.00 5.63 Sel. Mideast 7/ : 2.09 2.62 3.45 5.47 0.05 2.64 Selected other : Burma : 0.70 10.60 0.00 10.50 0.10 0.70 C. Amer & Carib 8/ : 0.20 0.07 0.45 0.50 0.00 0.22 China : 36.78 128.00 0.60 127.80 1.40 36.18 Egypt : 0.43 4.38 0.10 3.30 1.00 0.62 Japan : 2.40 7.79 0.65 8.25 0.20 2.38 Mexico : 0.16 0.23 0.60 0.80 0.00 0.18 South Korea : 0.82 4.68 0.27 4.88 0.16 0.72 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-27. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. WASDE-451-25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total 2/: : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2007/08 (Projected) World 3/ : September : 77.19 418.49 27.65 424.69 29.78 70.99 October : 77.15 418.64 27.82 424.85 30.06 70.94 United States : September : 1.27 6.13 0.65 3.99 3.20 0.86 October : 1.27 6.30 0.65 3.99 3.39 0.84 Total foreign : September : 75.92 412.35 26.99 420.69 26.58 70.12 October : 75.88 412.34 27.17 420.86 26.67 70.11 Major exporters 4/ : September : 16.34 138.69 0.46 119.58 21.00 14.91 October : 16.46 138.69 0.46 119.58 21.00 15.03 India Sep : 11.43 92.00 0.00 89.12 4.10 10.21 Oct : 11.43 92.00 0.00 89.12 4.10 10.21 Pakistan Sep : 0.26 5.30 0.00 2.11 3.20 0.25 Oct : 0.26 5.30 0.00 2.11 3.20 0.25 Thailand Sep : 3.38 18.40 0.01 9.60 9.00 3.19 Oct : 3.48 18.40 0.01 9.60 9.00 3.29 Vietnam Sep : 1.27 22.99 0.45 18.75 4.70 1.26 Oct : 1.29 22.99 0.45 18.75 4.70 1.29 Major importers 5/ : September : 13.57 59.75 11.38 72.08 0.27 12.36 October : 13.57 59.89 11.38 72.08 0.27 12.50 Brazil Sep : 0.56 7.85 0.95 8.90 0.10 0.36 Oct : 0.56 7.99 0.95 8.90 0.10 0.50 EU-27 6/ Sep : 1.13 1.65 1.10 2.75 0.15 0.99 Oct : 1.13 1.65 1.10 2.75 0.15 0.99 Indonesia Sep : 2.86 34.00 1.60 36.15 0.00 2.31 Oct : 2.86 34.00 1.60 36.15 0.00 2.31 Nigeria Sep : 0.60 3.00 1.70 4.70 0.00 0.60 Oct : 0.60 3.00 1.70 4.70 0.00 0.60 Philippines Sep : 5.63 10.01 1.80 12.06 0.00 5.38 Oct : 5.63 10.01 1.80 12.06 0.00 5.38 Sel. Mideast 7/Sep : 2.64 2.69 3.16 5.90 0.02 2.57 Oct : 2.64 2.69 3.16 5.90 0.02 2.57 Selected other : Burma Sep : 0.70 10.66 0.00 10.70 0.10 0.56 Oct : 0.70 10.66 0.00 10.70 0.10 0.56 C. Am & Car. 8/Sep : 0.22 0.07 0.40 0.49 0.00 0.19 Oct : 0.22 0.07 0.40 0.49 0.00 0.19 China Sep : 36.28 127.00 0.90 129.10 1.50 33.58 Oct : 36.18 127.00 0.90 129.10 1.60 33.38 Egypt Sep : 0.62 4.41 0.00 3.47 1.10 0.45 Oct : 0.62 4.41 0.00 3.47 1.10 0.45 Japan Sep : 2.38 7.94 0.70 8.15 0.20 2.67 Oct : 2.38 7.94 0.70 8.15 0.20 2.67 Mexico Sep : 0.18 0.20 0.63 0.80 0.00 0.20 Oct : 0.18 0.20 0.63 0.80 0.00 0.20 South Korea Sep : 0.72 4.60 0.27 4.75 0.15 0.68 Oct : 0.72 4.50 0.27 4.75 0.15 0.58 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, the EU-27. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. WASDE-451-26 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2005/06 : World : 57.18 117.73 44.29 116.36 44.97 -2.09 59.96 United States : 5.50 23.89 0.03 5.87 18.04 -0.55 6.05 Total foreign : 51.69 93.84 44.26 110.49 26.93 -1.54 53.91 Major exporters 4/ : 22.41 43.71 1.74 25.44 22.42 -0.24 20.24 Central Asia 5/ : 2.36 8.37 0.20 1.46 7.25 0.00 2.22 Afr. Fr. Zone 6/ : 1.87 4.24 3/ 0.19 4.44 0.00 1.48 S. Hemis. 7/ : 7.99 8.94 0.61 5.51 5.55 -0.25 6.75 Australia : 1.96 2.80 3/ 0.06 2.88 -0.12 1.94 Brazil : 5.03 4.70 0.31 4.40 1.97 -0.15 3.82 India : 8.76 19.05 0.40 16.50 3.45 0.00 8.26 Major importers 8/ : 26.85 46.57 40.07 80.50 2.83 -1.31 31.47 Mexico : 1.32 0.64 1.74 2.10 0.25 0.03 1.32 China : 15.06 29.50 19.28 45.00 0.04 -1.50 20.31 EU-27 9/ : 1.16 2.51 2.31 2.72 2.00 0.06 1.20 Russia : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Turkey : 1.79 3.55 3.40 6.90 0.13 0.00 1.72 Pakistan : 4.70 10.17 1.62 11.75 0.29 0.03 4.41 Indonesia : 0.38 0.03 2.20 2.18 0.02 0.05 0.37 Thailand : 0.63 0.06 1.89 2.15 0.01 0.03 0.40 Bangladesh : 0.38 0.07 2.21 2.20 0.00 0.01 0.46 : : 2006/07 (Estimated) : World : 59.96 122.11 37.22 123.31 37.81 -2.16 60.33 United States : 6.05 21.59 0.02 4.95 13.00 0.23 9.48 Total foreign : 53.91 100.52 37.20 118.37 24.81 -2.39 50.85 Major exporters 4/ : 20.24 45.70 2.16 27.85 21.14 -0.19 19.30 Central Asia 5/ : 2.22 8.20 0.31 1.55 6.97 0.00 2.20 Afr. Fr. Zone 6/ : 1.48 3.64 3/ 0.19 3.81 0.00 1.13 S. Hemis. 7/ : 6.75 9.87 0.90 5.71 4.09 -0.20 7.92 Australia : 1.94 1.35 3/ 0.06 2.13 -0.07 1.18 Brazil : 3.82 7.00 0.52 4.50 1.30 -0.15 5.68 India : 8.26 21.80 0.40 18.60 5.30 0.00 6.56 Major importers 8/ : 31.47 51.88 32.34 86.03 2.30 -2.21 29.58 Mexico : 1.32 0.65 1.30 2.10 0.18 0.03 0.97 China : 20.31 35.50 10.59 50.00 0.09 -2.40 18.71 EU-27 9/ : 1.20 1.61 2.05 2.38 1.58 0.06 0.84 Russia : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Turkey : 1.72 4.02 4.00 7.40 0.08 0.00 2.26 Pakistan : 4.41 9.90 2.30 12.00 0.26 0.03 4.33 Indonesia : 0.37 0.03 2.20 2.18 0.02 0.05 0.35 Thailand : 0.40 0.05 1.95 2.00 0.00 0.03 0.37 Bangladesh : 0.46 0.07 2.40 2.40 0.00 0.01 0.52 =============================================================================== 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, South Korea, Taiwan, and Vietnam. 9/ Includes intra-EU trade. WASDE-451-27 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2007/08 (Projected) World : September : 56.79 117.18 40.08 127.78 39.70 -4.97 51.56 October : 60.33 120.26 40.62 129.50 40.25 -3.55 55.01 United States : September : 9.70 17.81 0.02 4.60 16.70 0.03 6.20 October : 9.48 18.15 0.02 4.60 16.70 -0.05 6.40 Total foreign : September : 47.09 99.37 40.06 123.18 23.00 -5.00 45.36 October : 50.85 102.10 40.60 124.90 23.55 -3.50 48.61 Major exporters 4/ : September : 19.47 46.66 1.75 29.44 19.44 -0.19 19.18 October : 19.30 46.67 2.05 29.64 20.01 -0.19 18.54 Central Asia 5/Sep : 2.29 8.34 3/ 1.46 6.89 0.00 2.28 Oct : 2.20 8.24 0.30 1.66 6.98 0.00 2.10 Afr. Fr. Zn. 6/Sep : 1.13 3.02 3/ 0.19 3.06 0.00 0.91 Oct : 1.13 3.00 3/ 0.19 3.10 0.00 0.83 S. Hemis 7/ Sep : 7.67 9.18 0.80 5.75 4.38 -0.20 7.73 Oct : 7.92 9.28 0.80 5.75 4.93 -0.20 7.53 Australia Sep : 0.93 0.80 3/ 0.05 1.10 -0.07 0.65 Oct : 1.18 0.70 3/ 0.05 1.45 -0.07 0.45 Brazil Sep : 5.68 6.80 0.40 4.50 2.60 -0.15 5.93 Oct : 5.68 7.00 0.40 4.50 2.80 -0.15 5.93 India Sep : 6.96 23.50 0.40 20.25 3.80 0.00 6.81 Oct : 6.56 23.50 0.40 20.25 3.60 0.00 6.61 Major importers 8/ : September : 25.61 49.37 35.85 89.33 2.09 -4.82 24.22 October : 29.58 52.32 35.95 90.83 2.16 -3.32 28.18 Mexico Sep : 0.97 0.68 1.50 2.05 0.20 0.03 0.88 Oct : 0.97 0.65 1.50 2.05 0.18 0.03 0.87 China Sep : 14.81 32.50 15.00 53.50 0.05 -5.00 13.76 Oct : 18.71 35.50 15.00 55.00 0.05 -3.50 17.66 EU-27 9/ Sep : 0.84 1.54 1.89 2.16 1.34 0.05 0.72 Oct : 0.84 1.57 1.89 2.16 1.38 0.05 0.71 Russia Sep : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Oct : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Turkey Sep : 2.17 3.45 3.65 7.30 0.08 0.00 1.89 Oct : 2.26 3.40 3.75 7.30 0.08 0.00 2.03 Pakistan Sep : 4.33 11.00 1.70 12.20 0.30 0.03 4.50 Oct : 4.33 11.00 1.70 12.20 0.35 0.03 4.45 Indonesia Sep : 0.35 0.03 2.25 2.20 0.02 0.05 0.36 Oct : 0.35 0.03 2.25 2.20 0.02 0.05 0.36 Thailand Sep : 0.37 0.04 1.90 1.95 0.00 0.03 0.34 Oct : 0.37 0.04 1.90 1.95 0.00 0.03 0.34 Bangladesh Sep : 0.52 0.07 2.45 2.50 0.00 0.01 0.54 Oct : 0.52 0.07 2.45 2.50 0.00 0.01 0.54 =============================================================================== 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, South Korea, Taiwan, and Vietnam. 9/ Includes intra-EU trade. WASDE-451-28 World Soybean Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : : :stocks :Beginning:Produc-: : Domestic : : : stocks : tion :Imports: Crush : Total :Exports: =============================================================================== : : 2005/06 World 2/ : 47.46 220.44 64.14 185.11 215.25 63.92 52.88 United States : 6.96 83.37 0.09 47.32 52.61 25.58 12.23 Total foreign : 40.50 137.07 64.05 137.79 162.64 38.34 40.65 Major exporters 3/ : 32.91 101.14 0.66 61.39 65.87 35.63 33.21 Argentina : 15.98 40.50 0.58 31.89 33.34 7.25 16.47 Brazil : 16.75 57.00 0.06 28.29 31.17 25.91 16.73 Major importers 4/ : 6.40 18.99 53.16 56.66 72.20 0.42 5.94 China : 4.70 16.35 28.32 34.50 44.54 0.35 4.47 EU-27 : 0.88 1.17 13.95 13.53 14.99 0.05 0.97 Japan : 0.26 0.23 3.96 2.82 4.19 0.00 0.25 Mexico : 0.05 0.19 3.67 3.82 3.86 0.00 0.04 : : 2006/07 (Estimated) World 2/ : 52.88 235.77 68.08 193.93 223.45 70.34 62.94 United States : 12.23 86.77 0.25 49.16 53.23 30.43 15.59 Total foreign : 40.65 149.00 67.83 144.77 170.22 39.91 47.35 Major exporters 3/ : 33.21 112.40 1.76 64.75 69.33 36.60 41.44 Argentina : 16.47 47.20 1.70 33.20 34.70 8.50 22.18 Brazil : 16.73 59.00 0.05 30.10 33.05 23.50 19.24 Major importers 4/ : 5.94 18.77 55.41 59.19 74.99 0.47 4.66 China : 4.47 16.20 28.75 35.70 45.83 0.41 3.18 EU-27 : 0.97 1.24 15.00 14.71 16.18 0.05 0.99 Japan : 0.25 0.23 4.10 2.93 4.31 0.00 0.27 Mexico : 0.04 0.08 3.93 3.97 4.01 0.00 0.04 : : 2007/08 (Projected) World 2/ : September : 63.07 221.27 74.94 203.47 233.94 74.99 50.35 October : 62.94 220.99 74.98 202.89 233.28 74.89 50.75 United States : September : 15.10 71.27 0.16 49.67 54.14 26.54 5.86 October : 15.59 70.71 0.16 49.67 54.08 26.54 5.84 Total foreign : September : 47.97 150.00 74.78 153.80 179.80 48.45 44.49 October : 47.35 150.29 74.82 153.23 179.20 48.35 44.91 Major exporters 3/ : September : 42.04 114.20 1.87 69.27 73.97 45.49 38.65 October : 41.44 115.20 1.91 69.27 73.97 45.49 39.09 Argentina Sep : 22.98 47.00 1.80 38.50 40.08 10.20 21.50 Oct : 22.18 47.00 1.80 38.50 40.08 10.20 20.70 Brazil Sep : 19.04 61.00 0.06 29.30 32.28 30.69 17.13 Oct : 19.24 62.00 0.10 29.30 32.28 30.69 18.37 Major importers 4/ : September : 4.66 17.55 61.44 62.64 78.65 0.42 4.58 October : 4.66 16.95 61.44 62.04 78.05 0.42 4.58 China Sep : 3.18 15.20 33.50 38.20 48.45 0.35 3.08 Oct : 3.18 14.60 33.50 37.60 47.85 0.35 3.08 EU-27 Sep : 0.99 1.02 15.68 15.27 16.72 0.05 0.92 Oct : 0.99 1.02 15.68 15.27 16.72 0.05 0.92 Japan Sep : 0.27 0.23 4.15 2.93 4.33 0.00 0.32 Oct : 0.27 0.23 4.15 2.93 4.33 0.00 0.32 Mexico Sep : 0.04 0.10 3.95 4.01 4.05 0.00 0.04 Oct : 0.04 0.10 3.95 4.01 4.05 0.00 0.04 =============================================================================== 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and Paraguay. 4/ Japan, China, and EU, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). WASDE-451-29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2005/06 World 2/ : 6.41 145.61 50.64 145.68 51.42 5.56 United States : 0.16 37.42 0.13 30.11 7.30 0.29 Total foreign : 6.26 108.20 50.51 115.57 44.12 5.28 Major exporters 3/ : 3.88 51.63 0.20 11.71 40.77 3.22 Argentina : 1.42 25.01 0.00 0.57 24.20 1.67 Brazil : 1.58 21.84 0.20 9.60 12.90 1.12 India : 0.88 4.77 0.00 1.55 3.68 0.43 Major importers 4/ : 1.20 39.27 29.44 67.76 1.09 1.06 EU-27 : 0.86 10.64 22.82 32.76 0.70 0.87 China : 0.00 27.30 0.84 27.78 0.36 0.00 : : 2006/07 (Estimated) World 2/ : 5.56 152.42 51.78 150.66 53.34 5.78 United States : 0.29 38.99 0.14 31.12 8.03 0.27 Total foreign : 5.28 113.43 51.64 119.54 45.31 5.50 Major exporters 3/ : 3.22 54.36 0.23 12.84 41.42 3.55 Argentina : 1.67 25.74 0.00 0.60 25.20 1.62 Brazil : 1.12 23.35 0.23 10.30 12.76 1.64 India : 0.43 5.27 0.00 1.94 3.46 0.29 Major importers 4/ : 1.06 41.07 29.13 68.69 1.51 1.06 EU-27 : 0.87 11.53 22.60 33.51 0.62 0.87 China : 0.00 28.25 0.04 27.44 0.85 0.00 : : 2007/08 (Projected) World 2/ : September : 5.60 160.30 56.01 160.02 56.18 5.70 October : 5.78 159.87 56.44 159.92 56.39 5.78 United States : September : 0.27 39.36 0.15 32.02 7.48 0.27 October : 0.27 39.36 0.15 32.02 7.48 0.27 Total foreign : September : 5.32 120.94 55.86 128.00 48.70 5.42 October : 5.50 120.51 56.29 127.90 48.90 5.50 Major exporters 3/ : September : 3.37 58.40 0.22 13.51 44.96 3.52 October : 3.55 58.51 0.22 13.61 45.07 3.60 Argentina Sep : 1.62 30.23 0.00 0.64 29.49 1.72 Oct : 1.62 30.23 0.00 0.64 29.49 1.72 Brazil Sep : 1.54 22.74 0.22 10.88 12.00 1.62 Oct : 1.64 22.74 0.22 10.98 12.00 1.62 India Sep : 0.21 5.44 0.00 2.00 3.47 0.18 Oct : 0.29 5.55 0.00 2.00 3.58 0.26 Major importers 4/ : September : 1.06 43.76 32.08 74.61 1.24 1.04 October : 1.06 43.31 32.43 74.41 1.34 1.04 EU-27 Sep : 0.87 12.00 24.60 35.96 0.65 0.86 Oct : 0.87 12.00 24.60 35.96 0.65 0.86 China Sep : 0.00 30.25 0.50 30.20 0.55 0.00 Oct : 0.00 29.80 0.85 30.00 0.65 0.00 =============================================================================== 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ Eastern Europe, China, EU, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). WASDE-451-30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2005/06 World 2/ : 3.04 34.53 8.93 33.55 9.82 3.12 United States : 0.77 9.25 0.02 8.15 0.52 1.37 Total foreign : 2.27 25.28 8.91 25.41 9.30 1.76 Major exporters 3/ : 1.14 13.85 0.74 6.40 8.33 1.00 Argentina : 0.49 6.00 0.00 0.40 5.60 0.49 Brazil : 0.45 5.43 0.03 3.13 2.47 0.31 EU-27 : 0.20 2.42 0.71 2.87 0.27 0.19 Major importers 4/ : 0.64 7.23 3.22 10.60 0.12 0.37 China : 0.25 6.15 1.52 7.61 0.11 0.20 India : 0.39 1.08 1.68 2.97 0.01 0.17 Pakistan : 0.01 0.00 0.02 0.02 0.00 0.00 : : 2006/07 (Estimated) World 2/ : 3.12 35.95 9.93 35.63 10.43 2.93 United States : 1.37 9.29 0.02 8.53 0.86 1.28 Total foreign : 1.76 26.66 9.91 27.11 9.57 1.65 Major exporters 3/ : 1.00 14.72 0.93 7.05 8.58 1.02 Argentina : 0.49 6.35 0.00 0.45 5.90 0.49 Brazil : 0.31 5.76 0.01 3.29 2.45 0.33 EU-27 : 0.19 2.62 0.93 3.30 0.23 0.20 Major importers 4/ : 0.37 7.58 3.79 11.29 0.11 0.33 China : 0.20 6.38 2.25 8.55 0.10 0.18 India : 0.17 1.19 1.50 2.70 0.02 0.14 Pakistan : 0.00 0.01 0.04 0.04 0.00 0.00 : : 2007/08 (Projected) World 2/ : September : 2.82 37.62 10.54 38.17 10.38 2.44 October : 2.93 37.69 10.49 38.01 10.63 2.48 United States : September : 1.17 9.40 0.02 9.21 0.59 0.79 October : 1.28 9.40 0.02 9.16 0.66 0.88 Total foreign : September : 1.65 28.22 10.53 28.96 9.79 1.65 October : 1.65 28.30 10.48 28.85 9.97 1.60 Major exporters 3/ : September : 1.02 15.56 1.06 7.78 8.82 1.04 October : 1.02 15.71 1.06 7.78 9.02 0.99 Argentina Sep : 0.49 7.20 0.00 0.75 6.40 0.54 Oct : 0.49 7.35 0.00 0.75 6.60 0.49 Brazil Sep : 0.33 5.63 0.01 3.47 2.20 0.30 Oct : 0.33 5.63 0.01 3.47 2.20 0.30 EU-27 Sep : 0.20 2.74 1.05 3.56 0.23 0.20 Oct : 0.20 2.74 1.05 3.56 0.23 0.20 Major importers 4/ : September : 0.33 8.08 4.08 12.07 0.07 0.34 October : 0.33 8.03 4.03 11.98 0.05 0.34 China Sep : 0.18 6.85 2.45 9.23 0.05 0.20 Oct : 0.18 6.73 2.45 9.13 0.04 0.20 India Sep : 0.14 1.23 1.58 2.79 0.02 0.14 Oct : 0.14 1.29 1.53 2.80 0.02 0.14 Pakistan Sep : 0.00 0.01 0.05 0.06 0.00 0.00 Oct : 0.00 0.01 0.05 0.06 0.00 0.00 =============================================================================== 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and EU. 4/ India, China and Pakistan. WASDE-451-31 U.S. Quarterly Animal Product Production 1/ =============================================================================== Year : : : Red : : : Total: Red : : : and : : : meat : : :poultry: meat & : : : quarter : Beef : Pork : 2/ :Broiler:Turkey: 3/ : poultry: Egg : Milk : =============================================================================== : Million pounds Mil doz Bil lbs 2006 : IV : 6513 5625 12224 8801 1473 10395 22619 1917 44.6 Annual : 26153 21055 47540 35752 5686 41943 89483 7572 181.8 : 2007 : I : 6235 5396 11720 8574 1410 10099 21819 1861 46.0 II : 6649 5128 11856 9021 1473 10622 22478 1865 47.4 III : 6800 5250 12124 9025 1485 10640 22764 1880 46.2 IV *: 6275 5900 12256 9050 1510 10680 22936 1925 45.8 Annual : Sep Proj : 26004 21599 47929 35695 5848 42021 89950 7531 184.9 Oct Proj : 25959 21674 47956 35670 5878 42041 89997 7531 185.4 : 2008 : I *: 6175 5525 11787 8850 1430 10400 22187 1885 47.7 II *: 6700 5375 12156 9250 1495 10875 23031 1890 48.8 III *: 6825 5450 12353 9275 1470 10870 23223 1925 46.9 Annual : Sep Proj : 26115 22075 48519 36525 5875 42895 91414 7645 189.7 Oct Proj : 26075 22325 48729 36525 5905 42925 91654 7645 190.2 =============================================================================== * 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 Products1/ =============================================================================== Year : Choice : Barrows : : : : : and : steers :and gilts : Broilers : Turkeys : Eggs : Milk : quarter : 2/ : 3/ : 4/ : 5/ : 6/ : 7/ : =============================================================================== : Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2006 : IV : 86.61 46.13 65.9 89.8 89.0 13.90 Annual : 85.41 47.26 64.4 77.0 71.8 12.90 : 2007 : I : 90.61 46.04 75.0 69.7 105.3 15.00 II : 93.45 52.55 80.3 77.9 92.0 18.27 III : 91.36 50.34 79.2 89.9 119.1 21.70 IV *: 91-95 41-43 71-73 90-94 113-117 20.80-21.20 Annual : Sep Proj : 91-93 48-49 77-79 81-83 103-105 19.20-19.40 Oct Proj : 92.11 47.73 76.6 82.4 107.9 18.95-19.05 : 2008 : I *: 90-96 41-45 71-77 71-77 96-102 19.80-20.50 II *: 90-98 45-49 74-80 73-79 83-89 17.65-18.65 III *: 87-95 47-51 74-80 76-82 87-95 16.55-17.55 Annual : Sep Proj : 87-94 46-50 73-79 75-81 89-97 18.30-19.30 Oct Proj : 88-95 44-48 72-78 75-81 89-97 17.70-18.60 =============================================================================== *Projection. 1/ Simple average of months. 2/ Nebraska, Direct, 1100-1300 lbs. 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale, 12-city average. 5/ 8-12 lbs, hens Eastern Region. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. WASDE-451-32 U.S. Meats Supply and Use ============================================================================ : Supply : Use :--------------------------------------------------------- : : : : : : : Disappearance : : Pro- : : : : :--------------- : Beg- : duc- : : : : End- : : Per Item :inning: tion : Im- :Total : Ex- : ing : :capita :stocks: 1/ :ports :supply: ports:stocks:Total : 2/ 3/ ============================================================================ : Million pounds 4/ BEEF : 2006 : 571 26258 3085 29914 1145 630 28139 65.7 2007 Proj. Sep : 630 26109 3244 29983 1392 550 28041 64.9 Oct : 630 26064 3244 29938 1452 575 27911 64.6 2008 Proj. Sep : 550 26220 3320 30090 1695 600 27795 63.7 Oct : 575 26180 3420 30175 1875 600 27700 63.5 : PORK : 2006 : 494 21075 990 22559 2995 514 19050 49.3 2007 Proj. Sep : 514 21619 1015 23148 2972 560 19616 50.3 Oct : 514 21694 1005 23213 3027 560 19626 50.3 2008 Proj. Sep : 560 22095 1025 23680 3085 560 20035 50.9 Oct : 560 22345 1025 23930 3085 565 20280 51.5 : TOTAL RED MEAT 5/ : 2006 : 1080 47679 4265 53024 4158 1166 47700 116.5 2007 Proj. Sep : 1166 48067 4451 53684 4373 1127 48184 116.7 Oct : 1166 48094 4447 53707 4488 1155 48064 116.4 2008 Proj. Sep : 1127 48657 4543 54327 4790 1177 48360 116.1 Oct : 1155 48867 4643 54665 4970 1185 48510 116.5 : BROILERS : 2006 : 924 35369 47 36340 5205 745 30389 87.1 2007 Proj. Sep : 745 35313 62 36120 5368 675 30077 85.4 Oct : 745 35288 64 36097 5468 650 29979 85.1 2008 Proj. Sep : 675 36134 48 36857 5515 775 30567 86.0 Oct : 650 36134 60 36844 5565 750 30529 85.8 : TURKEYS : 2006 : 206 5612 12 5829 547 218 5065 16.9 2007 Proj. Sep : 218 5771 10 5999 554 230 5215 17.2 Oct : 218 5801 10 6029 554 230 5245 17.3 2008 Proj. Sep : 230 5798 12 6040 605 275 5160 16.9 Oct : 230 5828 12 6070 605 275 5190 17.0 : TOTAL POULTRY 6/ : 2006 : 1132 41485 61 42678 5911 969 35798 105.1 2007 Proj. Sep : 969 41562 75 42606 6091 911 35604 103.6 Oct : 969 41582 77 42627 6191 888 35548 103.5 2008 Proj. Sep : 911 42427 63 43400 6270 1056 36074 104.0 Oct : 888 42456 75 43419 6320 1033 36066 104.0 : RED MEAT & POULTRY: 2006 : 2212 89164 4326 95702 10070 2135 83498 221.6 2007 Proj. Sep : 2135 89629 4526 96290 10464 2038 83788 220.3 Oct : 2135 89676 4524 96334 10679 2043 83612 219.9 2008 Proj. Sep : 2038 91084 4606 97727 11060 2233 84434 220.1 Oct : 2043 91323 4718 98084 11290 2218 84576 220.5 ============================================================================ 1/ Total including farm production for red meats and, for poultry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis. 3/ Population source: Dept. of Commerce, Census Bureau. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. WASDE-451-33 U.S. Egg Supply and Use =============================================================================== : : : 2007 Projected : 2008 Projected : : :-----------------:------------------ Commodity : 2005 : 2006 : Sep : Oct : Sep : Oct =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 14.5 16.0 12.5 12.5 13.0 13.0 Production : 7509.0 7572.0 7531.0 7531.0 7645.0 7645.0 Imports : 12.9 10.8 13.9 13.9 14.0 14.0 Total supply : 7536.4 7598.8 7557.4 7557.4 7672.0 7672.0 : Use : Exports : 203.3 202.0 236.9 241.9 230.0 230.0 Hatching use : 999.8 994.0 1011.4 1011.4 1010.0 1010.0 Ending stocks : 16.0 12.5 13.0 13.0 12.0 12.0 Disappearance : Total : 6317.3 6390.3 6296.1 6291.1 6420.0 6420.0 Per capita (number) : 255.3 255.7 249.6 249.4 252.2 252.2 =============================================================================== U.S. Milk Supply and Use =============================================================================== : : : 2007 Projected : 2008 Projected Commodity : : :-----------------:------------------ : 2005 : 2006 : Sep : Oct : Sep : Oct =============================================================================== : Billion pounds Milk : Production : 176.9 181.8 184.9 185.4 189.7 190.2 Farm use : 1.1 1.1 1.1 1.1 1.1 1.1 : Fat Basis Supply : Beg. commercial stocks : 7.2 8.0 9.5 9.5 9.5 9.8 Marketings : 175.8 180.7 183.8 184.3 188.6 189.0 Imports : 5.0 5.0 4.9 4.9 4.8 4.8 Total cml. supply : 187.9 193.6 198.2 198.8 202.9 203.7 : Fat Basis Use : Ending commercial stks : 8.0 9.5 9.5 9.8 9.1 9.3 CCC net removals 1/ : -0.0 0.0 0.0 0.0 0.0 0.0 Commercial use 2/ : 179.9 184.1 188.7 189.0 193.8 194.4 : Skim-solids Basis Supply : Beg. commercial stocks : 8.2 9.0 9.1 9.1 9.0 9.3 Marketings : 175.8 180.7 183.8 184.3 188.6 189.0 Imports : 4.8 4.8 4.6 4.6 4.6 4.6 Total cml. supply : 188.8 194.4 197.5 198.0 202.2 202.9 : Skim-solids Basis Use : Ending commercial stks : 9.0 9.1 9.0 9.3 9.0 9.2 CCC net removals 1/ : -1.0 0.7 0.0 0.0 0.0 0.0 Commercial use 2/ : 180.8 184.5 188.5 188.7 193.2 193.7 : : Million pounds CCC product net removals 1: Butter : 0 0 0 0 0 0 Cheese : -2 0 0 0 0 0 Nonfat dry milk : -81 64 0 0 0 0 Dry whole milk : 0 0 0 0 0 0 =============================================================================== Note: Totals may not add due to rounding. 1/ Includes products exported under the Dairy Export Incentive Program. 2/ Includes commercial exports. WASDE-451-34 U.S. Dairy Prices =============================================================================== : : : 2007 Projected : 2008 Projected : : :-----------------:----------------- Commodity : 2005 : 2006 : Sep : Oct : Sep : Oct =============================================================================== : Dollars per pound : Product Prices 1/ : Cheese : 1.4875 1.2470 1.730- 1.705- 1.600- 1.590- : 1.750 1.715 1.700 1.680 : Butter : 1.5405 1.2193 1.360- 1.330- 1.290- 1.195- : 1.400 1.360 1.420 1.315 : Nonfat dry milk : 0.9409 0.8928 1.720- 1.725- 1.635- 1.645- : 1.740 1.745 1.705 1.715 : Dry whey : 0.2782 0.3285 0.615- 0.590- 0.530- 0.430- : 0.635 0.600 0.560 0.460 : : Dollars per cwt Milk Prices 2/ : Class III : 14.05 11.89 18.10- 17.65- 16.35- 15.60- : 18.30 17.75 17.35 16.50 : Class IV : 12.87 11.06 18.50- 18.50- 17.65- 17.35- : 18.80 18.70 18.75 18.35 : All milk 3/ : 15.13 12.90 19.20- 18.95- 18.30- 17.70- : 19.40 19.05 19.30 18.60 : =============================================================================== 1/ Simple average of monthly prices calculated by AMS from NASS weekly average dairy product prices for class price computations. Details may be found at http://www.ams.usda.gov/dyfmos/mib/fedordprc_dscrp.htm. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. WASDE-451-35 Note: Tables on pages 35-37 present a 26-year record of the differences between the October projection and the final estimate. Using world wheat production as an example, changes between the October projection and the final estimate have averaged 7.6 million tons (1.4%) ranging from -26.7 to 9.5 million tons. The October projection has been below the estimate 17 times and above 9 times. Reliability of October Projections =============================================================================== :Differences between proj. & final estimate,1981/82-2006/07 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== WHEAT :Percent Million metric tons Number of years 2/ Production : World : 1.4 7.6 -26.7 9.5 17 9 U.S. : 0.3 0.2 -1.2 0.5 11 12 Foreign : 1.6 7.6 -26.8 9.6 17 9 Exports : World : 3.8 4.3 -12.6 3.0 18 7 U.S. : 7.3 2.4 -10.0 5.2 10 16 Foreign : 4.9 4.0 -10.0 3.5 20 6 Domestic use : World : 1.1 6.1 -22.7 11.3 16 10 U.S. : 5.0 1.6 -3.3 3.6 9 17 Foreign : 1.2 6.0 -20.3 11.1 17 9 Ending stocks : World : 6.6 8.7 -32.5 13.5 19 7 U.S. : 10.3 2.3 -4.9 6.8 13 13 Foreign : 6.8 7.4 -29.3 7.5 19 7 : COARSE GRAINS 3/ : Production : World : 1.5 12.9 -33.7 9.1 20 6 U.S. : 2.1 5.0 -14.5 17.9 17 9 Foreign : 1.8 11.0 -27.7 7.5 21 5 Exports : World : 5.2 5.5 -12.0 13.7 18 8 U.S. : 13.4 7.1 -14.9 15.5 12 14 Foreign : 11.6 6.1 -15.9 8.9 16 10 Domestic use : World : 1.2 10.3 -24.7 20.9 16 10 U.S. : 3.1 5.8 -13.4 17.0 14 12 Foreign : 1.3 8.6 -19.8 20.9 17 9 Ending stocks : World : 9.7 13.9 -39.0 14.9 20 6 U.S. : 17.6 8.9 -29.1 16.3 14 12 Foreign : 12.5 10.5 -29.0 7.2 22 4 : RICE, milled : Production : World : 1.9 6.6 -20.9 3.0 21 4 U.S. : 3.0 0.2 -0.4 0.5 15 11 Foreign : 1.9 6.5 -21.0 3.1 21 5 Exports : World : 8.1 1.6 -6.2 1.1 19 7 U.S. : 7.5 0.2 -0.8 0.6 14 10 Foreign : 9.4 1.6 -6.2 1.2 19 7 Domestic use : World : 1.4 4.6 -20.3 2.5 21 5 U.S. : 5.5 0.2 -0.4 0.4 13 12 Foreign : 1.4 4.6 -20.7 2.7 21 5 Ending stocks : World : 10.0 4.7 -16.3 3.2 20 6 U.S. : 17.5 0.2 -0.7 0.8 12 13 Foreign : 10.7 4.8 -15.9 3.0 20 6 =============================================================================== 1/ Footnotes at end of table. CONTINUED WASDE-451-36 Reliability of October Projections (Continued) =============================================================================== :Differences between proj. & final estimate,1981/82-2006/07 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== SOYBEANS :Percent Million metric tons Number of years 2/ Production : World : 3.1 4.6 -12.2 14.5 14 12 U.S. : 2.4 1.4 -3.2 3.1 10 16 Foreign : 5.7 4.7 -11.5 15.4 14 12 Exports : World : 6.1 2.5 -9.6 11.0 16 10 U.S. : 8.8 1.9 -5.3 5.8 16 10 Foreign : 15.8 2.2 -8.7 11.4 13 13 Domestic use : World : 2.8 3.8 -7.1 11.2 16 10 U.S. : 3.0 1.2 -3.8 2.5 19 7 Foreign : 3.7 3.6 -6.5 11.0 17 9 Ending stocks : World : 14.2 3.5 -11.4 14.8 16 10 U.S. : 28.6 2.1 -5.1 4.5 6 20 Foreign : 17.6 3.3 -11.6 11.8 16 10 : COTTON : Million 480-pound bales Production : World : 3.1 2.8 -10.6 9.9 16 9 U.S. : 3.7 0.6 -1.7 1.2 18 8 Foreign : 3.6 2.6 -10.4 10.2 15 10 Exports : World : 5.2 1.5 -5.1 5.0 15 11 U.S. : 14.1 1.0 -2.4 3.0 15 11 Foreign : 5.9 1.1 -3.2 2.0 12 14 Mill use : World : 2.3 2.1 -6.7 3.4 14 12 U.S. : 5.0 0.4 -0.9 1.2 14 11 Foreign : 2.5 2.0 -6.6 4.0 14 12 Ending stocks : World : 11.2 4.2 -11.0 12.4 15 10 U.S. : 25.1 1.2 -4.3 2.3 8 18 Foreign : 11.7 3.8 -11.5 11.7 19 7 =============================================================================== 1/ Final estimate for 1981/82-2005/06 is defined as the first November estimate following the marketing year and for 2006/07 last month's estimate. 2/ May not total 26 if projection was the same as final estimate. 3/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. WASDE-451-37 Reliability of United States October Projections 1/ =============================================================================== :Differences between proj. & final estimate,1981/82-2006/07 2/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== CORN :Percent Million bushels Number of years 3/ Production : 2.3 185 -541 618 16 10 Exports : 14.0 254 -575 533 11 15 Domestic use : 3.5 226 -558 530 17 9 Ending stocks : 20.1 323 -1187 629 14 12 : SORGHUM : Production : 3.5 21 -59 71 14 12 Exports : 16.1 38 -115 97 15 11 Domestic use : 8.6 36 -114 78 11 14 Ending stocks : 29.8 36 -142 110 10 15 : BARLEY : Production : 1.1 5 -12 24 8 12 Exports : 26.1 14 -37 38 12 11 Domestic use : 6.0 21 -47 70 11 14 Ending stocks : 11.1 16 -38 56 15 11 : OATS : Production : 0.8 3 -18 16 6 9 Exports : 59.3 1 -4 8 7 9 Domestic use : 3.0 11 -39 36 12 13 Ending stocks : 13.3 16 -46 47 17 9 : : Thousand short tons SOYBEAN MEAL : Production : 2.8 908 -2696 1680 18 8 Exports : 10.1 685 -1950 1200 12 13 Domestic use : 2.7 649 -1250 1166 15 11 Ending stocks : 26.3 62 -179 198 11 14 : : Million pounds SOYBEAN OIL : Production : 3.0 457 -1473 791 19 7 Exports : 22.2 339 -1125 964 14 12 Domestic use : 2.2 286 -985 450 19 7 Ending stocks : 22.9 376 -1327 750 10 16 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 3.8 908 -827 2461 17 7 Pork : 2.4 439 -1240 1592 13 11 Broilers : 2.0 422 -1337 813 16 8 Turkeys : 2.2 94 -444 211 14 10 : : Million dozen Eggs : 1.4 83 -111 188 17 6 : : Billion pounds Milk : 1.3 1.9 -6.4 6.8 13 10 =============================================================================== 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. 2/ Final estimate for 1981/82-2005/06 is defined as the first November estimate following the marketing year and for 2006/07 last month's estimate. 3/ May not total 26 for crops and 24 for animal production if projection was the same as the final estimate. 4/ Calendar years 1983 thru 2006 for meats, eggs, and milk. Final for animal products is defined as latest annual production estimate published by NASS. ------- End of File --------