WASDE-361 April 11, 2000 Approved by World Agricultural Outlook Board WHEAT: Projected U.S. 1999/2000 ending stocks are down 54 million bushels from last month due to larger domestic use and exports and reduced imports. Projected feed and residual use is up 25 million bushels from last month because the March 1 stocks indicated larger-than-expected use in the December-February quarter. Seed use is down 1 million bushels because of lower spring wheat plantings. Projected imports are reduced 5 million bushels from last month due to the pace to date. Projected exports are up 25 million bushels because of expected relatively strong food aid shipments in coming weeks. The estimated season-average price is $2.50 per bushel. Projected global 1999/2000 production, use, and trade are up slightly from last month, but ending stocks are down. Estimated Argentina wheat production and exports are up 500,000 tons from last month. However, the larger exports are not expected to be shipped until after the end of the U.S. 1999/2000 marketing year. World imports are up from last month as increases for Indonesia, Pakistan, the UAE, and the Philippines are partially offset by reductions for Egypt and Venezuela. The reduction in projected 1999/2000 global ending stocks is due to lower U.S. stocks. COARSE GRAINS: Projected U.S. 1999/2000 ending stocks of corn are up 20 million bushels from last month as lower exports more than offset higher expected domestic use. Projected food and industrial use is up 30 million bushels from last month because of historical revisions in food use. Projected exports are lowered 50 million bushels because of increased competition and lower expected global imports. Relatively large historical and current revisions also are made in the food use and feed and residual use categories for oats. The projected price range for corn is unchanged at $1.85 to $1.95 per bushel. Global 1999/2000 coarse grain production, use, trade, and ending stocks projections are down slightly from last month. Reductions for sorghum crops in Argentina, Mexico, and China, Thailand corn, and Ethiopia corn and sorghum are only partially offset by increases for corn in South Africa and Malawi. Global corn imports are down from last month as reduced imports by Mexico and Canada more than offset larger expected imports by Brazil. Projected corn exports are up 1 million tons for China due to continued strong sales, especially to South Korea. Exports are raised for South Africa because of the larger crop. Most of the reduction in global stocks is due to China's higher projected corn exports. RICE: Projected U.S. 1999/2000 exports are unchanged at 87 million cwt. However, combined medium and short-grain exports are increased 2 million cwt while exports of long-grain rice are lowered by the same amount. In addition, exports of rough rice are increased 2 million cwt to 23 million cwt, while exports of milled rice are lowered 2 million cwt. Domestic and residual use is increased slightly because of a larger estimate of seed use. Domestic and residual use for long-grain rice is increased from last month, while domestic and residual use for combined medium and short-grain rice is lowered. Ending stocks for 1999/2000 are little changed from a month ago. The season-average price range for 1999/2000 is raised $0.25 per cwt on the low end and lowered $0.05 per cwt on the high end to $6.05 to $6.15 per cwt. Global production, consumption, and ending stocks for 1999/2000 are raised from a month ago while exports are reduced. World rice production for 1999/2000 is projected at a record 400.7 million tons, up nearly 2.5 million tons from last month. The increase in production is due primarily to larger crops projected for India and Vietnam. Global exports for 1999/2000 are projected down from a month ago primarily because of smaller exports for India, Pakistan, China, and Burma. World ending stocks for 1999/2000 are projected larger, mainly because of increases for India, Bangladesh, China, and Pakistan. OILSEEDS: U.S. soybean export prospects for 1999/2000 are up 20 million bushels this month to 930 million bushels. An increase in foreign soybean import prospects this month, mainly for China, is supporting larger U.S. soybean export shipments. Prospects for larger South American crops this month are expected to slow the U.S. export pace later this year. U.S. 1999/2000 soybean crush is reduced 10 million bushels this month to 1,590 million bushels based on slowdowns in both domestic use and exports of soybean meal. Soybean meal exports are being impacted by larger South American soybean meal availabilities. U.S. soybean ending stocks are reduced 20 million bushels this month to 305 million bushels, 43 million bushels below a year earlier. U.S. soybean oil exports are trimmed by 50 million pounds to 1.5 billion pounds based on weak year-to- date export commitments. However, a 250-million- pound increase in domestic use, to a record 16.25 billion pounds, leaves projected ending stocks more than 200 million pounds below last month, at 1.91 billion pounds. U.S. soybean producer prices are projected at $4.50 to $4.90 per bushel, unchanged from last month. Projected soybean oil prices are raised 0.5 cents per pound to 15.0 to 17.0 cents per pound. Soybean meal prices are raised $2.50 per ton to $155 to $170 per short ton. Global oilseed production is projected at a record 297.6 million metric tons, up 1.9 million tons from last month, and up 3.1 million tons from last year. Foreign production of soybeans and peanuts accounts for essentially all of the change. Global soybean production is projected at 154.7 million tons, up 1.1 million tons from last month. Argentina's production is increased 1.0 million tons to a record 21.0 million tons based on harvested area of 8.35 million hectares, up 0.15 million hectares from last month. Also, late-season crop growing conditions have been very favorable in Argentina, boosting yield prospects to 2.51 tons per hectare, second only to the record 2.80 tons per hectare reached in 1997/98. Peanut production is increased for Nigeria. Global oilseed export prospects are up 0.6 million tons as increases in soybeans and rapeseed are only partially offset by reduced sunflowerseed exports. World soybean exports are projected at a record 42.7 million tons, up 0.6 million tons from last month, with increases noted for both the United States and Argentina. Brazil's soybean export prospects are reduced reflecting strong domestic crush and feed demand. Asian destinations account for most of the increased soybean trade, with China's imports raised 300,000 tons to a record 5.3 million tons. China's rapeseed imports are raised to a record 3.4 million tons, up 200,000 tons from last month. China's crush of soybeans and rapeseed combined is increased by 650,000 tons this month. As a result, China's total protein meal consumption is forecast to increase by 3.7 percent, rebounding from last year's decline of 5 percent. SUGAR: Projected U.S. sugar supply for fiscal year 1999/2000 is raised from last month by 29,000 short tons, raw value. Beet sugar production is increased 50,000 tons, resulting from higher-than-expected sugar content in 1999 crop sugarbeets. Cane sugar production is raised 4,000 tons, based on end-of- season reporting from Texas. Forecast imports for re-export in sugar-containing products are decreased 25,000 tons, reflecting year-to-date activity. Forecast total domestic deliveries for 1999/2000 are unchanged. Forecast deliveries of sugar for domestic food and beverage use in 1999/2000 are increased 25,000 tons, offsetting the decrease in deliveries for re-export in sugar-containing products. The end-of-season stocks-to-use ratio is forecast to be 19 percent, up from the 18.7 percent indicated in March. LIVESTOCK, POULTRY, AND DAIRY: Total U.S. meat production in 2000 is forecast slightly higher this month. Pork production is raised 180 million pounds; increases are expected in each of the remaining quarters because of higher slaughter and heavier weights. The March Hogs and Pigs report indicated a larger-than-expected market hog inventory. Poultry production is increased slightly because of higher turkey production. Beef production forecasts are little changed, with production still expected to drop below year-earlier levels in the second half. Forecast hog prices are raised significantly despite the higher pork production forecast this month, because of year-over-year tightening in hog numbers and continued strong demand for pork. The 2000 annual forecast is raised to $43-46 per cwt. Hog prices are expected to be in the mid to upper $40's per cwt through the third quarter, and then drop to the low $40's per cwt in the last quarter as supplies increase seasonally. Other livestock prices are little changed. Milk production in 1999/2000 is forecast 1.2 billion pounds higher this month as producers continue to respond to favorable grain prices. The BFP/Class III price is unchanged, but the all-milk price is raised slightly. Net CCC removals are increased this month reflecting weakness in product prices and continued strong Dairy Export Incentive Program sales of whole milk powder. COTTON: No changes are made in the U.S. supply and demand estimates this month. This month's world estimates include substantially higher consumption, beginning stocks, and ending stocks, and marginally higher production and trade. Beginning stocks for 1999/2000 are raised 9 percent because of adjustments in China's consumption beginning in 1991/92. These revisions are based primarily on new information indicating that cotton's share of total yarn production during most of this period was lower than previously estimated. However, China's consumption for the current season is raised 1.0 million bales, mainly reflecting sharply higher yarn production in recent months. This revision, in combination with increases in the estimates for Russia and Italy, boosts 1999/2000 world consumption to 90.2 million bales, up 2.5 percent from the previous record in 1996/97 and 6.6 percent above the previous year. World production is raised slightly due to an increase for Greece. World ending stocks for 1999/2000 are up 7 percent from last month, to 42.6 million bales. Further information on the China statistics revision can be found at the cotton statistics website of USDA's Foreign Agricultural Service at www.fas.usda.gov/cots/cotstats.html Approved by the Secretary of Agriculture and the World Agricultural Outlook Board, Gerald A. Bange, Chairperson, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. Committee members are listed on page 5. APPROVED: DAN GLICKMAN SECRETARY OF AGRICULTURE * * * * * * * * * * * The next issue of this report will be released 8:30 a.m. ET on May 12, 2000. The World Agricultural Supply and Demand Estimates report will be released on the following dates in 2000: May 12, June 9, July 12, Aug.11, Sept.12, Oct.12, Nov.9, and Dec.12. ELECTRONIC ACCESS AND SUBSCRIPTIONS Download this report in ascii text or pdf (Adobe Acrobat) format at ww.usda.gov/oce/waob/wasde/wasde.htm. Acrobat files can be viewed or printed in their original form, page by page. 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WASDE-361-6 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/ : 1997/98 : 1,880.31 2,173.74 252.01 1,844.25 329.48 1998/99 (Est.) : 1,872.44 2,201.92 254.62 1,851.29 350.64 1999/00 (Proj.) : March : 1,856.57 2,205.93 262.91 1,872.05 333.88 April : 1,858.70 2,209.34 263.02 1,875.39 333.95 Wheat : 1997/98 : 609.34 722.83 125.05 584.46 138.37 1998/99 (Est.) : 589.15 727.52 120.78 591.75 135.78 1999/00 (Proj.) : March : 585.59 721.14 125.36 594.28 126.86 April : 586.96 722.73 126.54 596.94 125.79 Coarse grains 4/ : 1997/98 : 884.14 1,012.77 100.00 876.55 136.22 1998/99 (Est.) : 889.48 1,025.70 107.06 870.29 155.41 1999/00 (Proj.) : March : 872.66 1,028.26 114.03 880.50 147.76 April : 871.01 1,026.42 113.59 880.07 146.35 Rice, milled : 1997/98 : 386.83 438.14 26.97 383.25 54.89 1998/99 (Est.) : 393.81 448.70 26.79 389.25 59.45 1999/00 (Proj.) : March : 398.32 456.53 23.52 397.27 59.26 April : 400.74 460.19 22.89 398.38 61.81 : : United States Total grains 3/ : 1997/98 : 333.71 379.47 76.30 244.48 58.69 1998/99 (Est.) : 346.71 411.61 87.00 246.80 77.81 1999/00 (Proj.) : March : 332.67 416.27 87.25 251.08 77.94 April : 332.67 416.02 86.91 252.74 76.37 Wheat : 1997/98 : 67.53 82.19 28.32 34.21 19.66 1998/99 (Est.) : 69.33 91.79 28.37 37.68 25.74 1999/00 (Proj.) : March : 62.66 90.99 28.58 35.27 27.14 April : 62.66 90.86 29.26 35.92 25.67 Coarse grains 4/ : 1997/98 : 260.43 290.37 45.25 206.97 38.15 1998/99 (Est.) : 271.47 312.69 55.95 205.37 51.37 1999/00 (Proj.) : March : 263.38 317.61 55.94 212.13 49.55 April : 263.38 317.50 54.91 213.14 49.45 Rice, milled : 1997/98 : 5.75 6.91 2.73 3.30 0.88 1998/99 (Est.) : 5.91 7.12 2.68 3.75 0.69 1999/00 (Proj.) : March : 6.64 7.67 2.74 3.68 1.25 April : 6.64 7.67 2.74 3.68 1.25 =============================================================================== 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-361-7 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/ : 1997/98 : 1,546.60 1,794.26 175.71 1,599.77 270.79 1998/99 (Est.) : 1,525.73 1,790.32 167.63 1,604.49 272.83 1999/00 (Proj.) : March : 1,523.90 1,789.66 175.65 1,620.97 255.95 April : 1,526.03 1,793.32 176.11 1,622.65 257.58 Wheat : 1997/98 : 541.80 640.64 96.73 550.25 118.71 1998/99 (Est.) : 519.82 635.73 92.41 554.07 110.03 1999/00 (Proj.) : March : 522.93 630.15 96.79 559.01 99.72 April : 524.29 631.88 97.29 561.02 100.12 Coarse grains 5/ : 1997/98 : 623.71 722.39 54.75 669.58 98.07 1998/99 (Est.) : 618.01 713.00 51.11 664.92 104.04 1999/00 (Proj.) : March : 609.28 710.65 58.09 668.37 98.22 April : 607.64 708.92 58.67 666.93 96.90 Rice, milled : 1997/98 : 381.08 431.23 24.23 379.95 54.01 1998/99 (Est.) : 387.90 441.58 24.11 385.50 58.76 1999/00 (Proj.) : March : 391.69 448.86 20.78 393.59 58.01 April : 394.10 452.52 20.15 394.70 60.56 =============================================================================== 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 1997/98 : 91.63 131.72 26.65 87.19 43.87 1998/99 (Est.) : 84.54 128.41 23.65 84.62 45.44 1999/00 (Proj.) : March : 86.87 128.61 26.71 88.96 39.94 April : 86.99 132.43 26.83 90.21 42.64 : United States 1997/98 : 18.79 22.78 7.50 11.35 3.89 1998/99 (Est.) : 13.92 18.25 4.34 10.40 3.94 1999/00 (Proj.) : March : 16.95 20.99 6.50 10.10 4.40 April : 16.95 20.99 6.50 10.10 4.40 : Foreign 3/ 1997/98 : 72.84 108.94 19.15 75.84 39.99 1998/99 (Est.) : 70.62 110.16 19.31 74.22 41.50 1999/00 (Proj.) : March : 69.92 107.62 20.21 78.86 35.54 April : 70.04 111.44 20.33 80.11 38.24 =============================================================================== 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-361-8 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 : 1997/98 : 287.83 304.91 54.03 227.98 24.73 1998/99 (Est.) : 294.56 319.31 54.20 239.51 28.35 1999/00 (Proj.) : March : 295.75 323.82 58.99 246.07 25.78 April : 297.59 325.96 59.64 247.02 25.58 Oilmeals : 1997/98 : 155.41 161.25 51.88 155.47 5.71 1998/99 (Est.) : 163.88 169.59 54.32 162.50 6.31 1999/00 (Proj.) : March : 168.13 174.50 54.65 167.74 5.81 April : 168.73 175.04 54.77 168.19 6.02 Vegetable Oils : 1997/98 : 76.72 84.20 29.94 76.21 7.23 1998/99 (Est.) : 81.97 89.20 31.44 81.12 7.64 1999/00 (Proj.) : March : 85.65 93.41 31.87 84.93 8.32 April : 86.15 93.79 32.09 85.43 7.86 : : United States Oilseeds : 1997/98 : 83.10 88.42 24.52 48.89 6.44 1998/99 (Est.) : 84.36 91.49 22.63 47.81 10.78 1999/00 (Proj.) : March : 82.10 93.43 25.66 48.42 10.03 April : 82.08 93.32 26.13 48.11 9.30 Oilmeals : 1997/98 : 37.42 39.01 8.70 30.01 0.30 1998/99 (Est.) : 36.81 38.34 6.71 31.30 0.33 1999/00 (Proj.) : March : 37.17 38.70 6.60 31.80 0.30 April : 36.96 38.45 6.52 31.58 0.35 Vegetable Oils : 1997/98 : 9.60 12.22 2.13 9.10 0.99 1998/99 (Est.) : 9.56 11.99 1.74 9.24 1.01 1999/00 (Proj.) : March : 9.58 12.16 1.35 9.52 1.29 April : 9.56 12.16 1.35 9.63 1.19 : : Foreign 3/ Oilseeds : 1997/98 : 204.74 216.50 29.52 179.09 18.29 1998/99 (Est.) : 210.19 227.82 31.56 191.69 17.57 1999/00 (Proj.) : March : 213.65 230.38 33.33 197.65 15.76 April : 215.51 232.64 33.51 198.90 16.28 Oilmeals : 1997/98 : 117.99 122.24 43.19 125.46 5.42 1998/99 (Est.) : 127.07 131.25 47.61 131.20 5.98 1999/00 (Proj.) : March : 130.96 135.80 48.05 135.94 5.51 April : 131.77 136.59 48.25 136.60 5.67 Vegetable Oils : 1997/98 : 67.12 71.98 27.81 67.11 6.24 1998/99 (Est.) : 72.42 77.21 29.70 71.88 6.63 1999/00 (Proj.) : March : 76.07 81.26 30.52 75.41 7.03 April : 76.59 81.62 30.74 75.80 6.67 =============================================================================== 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-361-9 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :============================== : : Est. : March April =============================================================================== Area : Million acres Planted : 70.4 65.8 62.8 62.8 Harvested : 62.8 59.0 53.9 53.9 Yield per harvested : Bushels acre : 39.5 43.2 42.7 42.7 : Million bushels Beginning stocks : 444 722 946 946 Production : 2,481 2,547 2,302 2,302 Imports : 95 103 95 90 Supply, total : 3,020 3,373 3,343 3,338 Food : 914 907 905 905 Seed : 92 81 91 90 Feed and residual : 251 397 300 325 Domestic, total : 1,257 1,384 1,296 1,320 Exports : 1,040 1,042 1,050 1,075 Use, total : 2,298 2,427 2,346 2,395 Ending stocks : 722 946 997 943 CCC inventory : 94 128 100 100 Free stocks : 628 818 897 843 Avg. farm price ($/bu) 2/ : 3.38 2.65 2.45- 2.55 2.50 =============================================================================== U.S. Wheat by Class: Supply and Use =============================================================================== Year beginning : Hard : Hard : Soft : : : June 1 : Winter : Spring : Red : White : Durum : Total =============================================================================== 1998/99 (estimated) : Million bushels Beginning stocks : 307 220 80 90 26 722 Production : 1,179 486 443 301 138 2,547 Supply, total 3/ : 1,487 765 523 401 197 3,373 Domestic use : 599 284 282 116 103 1,384 Exports : 453 247 105 198 40 1,042 Use, total : 1,052 532 387 314 143 2,427 Ending stocks, total : 435 233 136 87 55 946 : 1999/00 (projected) : Beginning stocks : 435 233 136 87 55 946 Production : 1,055 448 453 247 99 2,302 Supply, total 3/ : 1,491 736 589 340 182 3,338 Domestic use : 519 303 303 101 94 1,320 Exports : 485 225 165 160 40 1,075 Use, total : 1,004 528 468 261 134 2,395 Ending stocks, total : April : 487 208 122 79 49 943 March : 467 226 147 94 63 997 =============================================================================== 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-361-10 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :============================== : : Est. : March April =============================================================================== FEED GRAINS : Area : Million acres Planted : 101.4 101.0 96.6 96.6 Harvested : 90.8 88.9 86.3 86.3 Yield per harvested : Metric tons acre : 2.87 3.05 3.05 3.05 : Million metric tons Beginning stocks : 27.0 38.1 51.3 51.3 Production : 260.2 271.2 263.1 263.1 Imports : 2.8 3.0 2.8 2.6 Supply, total : 290.0 312.3 317.2 317.1 Feed and residual : 154.6 152.3 156.9 157.6 Food, seed & industrial : 52.0 52.7 54.8 55.2 Domestic, total : 206.6 205.0 211.7 212.7 Exports : 45.3 55.9 55.9 54.9 Use, total : 251.9 261.0 267.7 267.7 Ending stocks, total : 38.1 51.3 49.5 49.4 CCC inventory : 0.1 0.3 0.4 0.4 Free stocks : 38.0 51.0 49.1 49.0 Outstanding loans : 8.5 10.3 9.1 9.1 : CORN : Area : Million acres Planted : 79.5 80.2 77.4 77.4 Harvested : 72.7 72.6 70.5 70.5 Yield per harvested : Bushels acre : 126.7 134.4 133.8 133.8 : Million bushels Beginning stocks : 883 1,308 1,787 1,787 Production : 9,207 9,759 9,437 9,437 Imports : 9 19 15 15 Supply, total : 10,099 11,085 11,239 11,239 Feed and residual : 5,482 5,472 5,650 5,650 Food, seed & industrial : 1,805 1,846 1,900 1,930 Domestic, total : 7,287 7,318 7,550 7,580 Exports : 1,504 1,981 1,950 1,900 Use, total : 8,791 9,298 9,500 9,480 Ending stocks, total : 1,308 1,787 1,739 1,759 CCC inventory : 4 12 15 15 Free stocks : 1,304 1,775 1,724 1,744 Outstanding loans : 310 391 350 350 Avg. farm price ($/bu) 2/ : 2.43 1.94 1.85- 1.95 1.85- 1.95 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. WASDE-361-11 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :============================== : : Est. : March April =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 10.1 9.6 9.3 9.3 Area harv. (mil. acres) : 9.2 7.7 8.5 8.5 Yield (bushels/acre) : 69.2 67.3 69.7 69.7 Beginning stocks : 47 49 65 65 Production : 634 520 595 595 Imports : 0 0 0 0 Supply, total : 681 569 660 660 Feed and residual : 365 262 325 325 Food, seed & industrial : 55 45 55 55 Total domestic : 420 307 380 380 Exports : 212 197 225 235 Use, total : 632 504 605 615 Ending stocks, total : 49 65 55 45 Avg. farm price ($/bu) 2/ : 2.21 1.66 1.55- 1.65 1.55- 1.65 : BARLEY : Area planted (mil. acres) : 6.7 6.3 5.2 5.2 Area harv. (mil. acres) : 6.2 5.9 4.8 4.8 Yield (bushels/acre) : 58.1 60.0 59.2 59.2 Beginning stocks : 109 119 142 142 Production : 360 352 282 282 Imports : 40 30 30 25 Supply, total : 510 501 454 449 Feed and residual : 144 161 125 135 Food, seed & industrial : 172 170 172 172 Total domestic : 316 331 297 307 Exports : 74 28 30 30 Use, total : 390 360 327 337 Ending stocks, total : 119 142 127 112 Avg. farm price ($/bu) 2/ : 2.38 1.98 2.05- 2.15 2.15 : OATS : Area planted (mil. acres) : 5.1 4.9 4.7 4.7 Area harv. (mil. acres) : 2.8 2.8 2.5 2.5 Yield (bushels/acre) : 59.5 60.2 59.6 59.6 Beginning stocks : 67 74 81 81 Production : 167 166 146 146 Imports : 98 108 100 100 Supply, total : 332 348 328 328 Feed and residual : 185 196 150 180 Food, seed & industrial : 72 69 96 68 Total domestic : 256 265 246 248 Exports : 2 2 2 2 Use, total : 258 266 248 250 Ending stocks, total : 74 81 80 78 Avg. farm price ($/bu) 2/ : 1.60 1.10 1.05- 1.15 1.10 =============================================================================== 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-361-12 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :============================== : : Est. : March April =============================================================================== TOTAL : Area : Million acres Planted : 3.13 3.35 3.58 3.58 Harvested : 3.10 3.32 3.56 3.56 Yield per harvested : Pounds acre : 5,897 5,669 5,908 5,908 : Million hundredweight Beginning stocks 2/ : 27.2 27.9 22.1 22.1 Production : 183.0 188.1 210.5 210.5 Imports : 9.2 10.5 10.8 10.8 Supply, total : 219.4 226.5 243.3 243.3 Domestic & residual 3/ : 104.6 119.1 116.7 116.8 Exports, total 4/ : 86.9 85.3 87.0 87.0 Rough : 26.1 25.8 21.0 23.0 Milled (rough equiv.) : 60.8 59.6 66.0 64.0 Use, total : 191.5 204.4 203.7 203.8 Ending stocks : 27.9 22.1 39.6 39.5 Avg. farm price ($/cwt) 5/ : 9.70 8.89 5.80- 6.20 6.05- 6.15 : LONG GRAIN : Harvested acres (mil.) : 2.31 2.61 2.74 2.74 Yield (pounds/acre) : 5,391 5,430 5,629 5,629 Beginning stocks : 14.1 14.5 14.1 14.1 Production : 124.5 141.6 154.1 154.1 Supply, total 6/ : 146.6 164.7 177.7 177.7 Domestic & Residual 3/ : 60.5 79.9 76.7 77.7 Exports 7/ : 71.6 70.7 70.5 68.5 Use, total : 132.1 150.6 147.2 146.2 Ending stocks : 14.5 14.1 30.5 31.5 : : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.79 0.71 0.82 0.82 Yield (pounds/acre) : 7,369 6,548 6,835 6,835 Beginning stocks : 12.1 12.3 6.8 6.8 Production : 58.5 46.4 56.3 56.3 Supply, total 6/ : 71.7 60.7 64.3 64.3 Domestic & Residual 3/ : 44.1 39.2 40.0 39.1 Exports 7/ : 15.4 14.6 16.5 18.5 Use, total : 59.4 53.9 56.5 57.6 Ending stocks : 12.3 6.8 7.8 6.8 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. Average milling yield used by year (in percent): 1997/98-69.3; 1998/99-69.3; 1999/00-69.5. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 1997/98-1.0; 1998/99-1.0; 1999/00-1.2. 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/ Marketing-year weighted average price received by farmers. 6/ Includes imports. 7/ Exports by type of rice are estimated. WASDE-361-13 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :=============================== : : Est. : March April =============================================================================== SOYBEANS: : Million acres Area : Planted : 70.0 72.0 73.8 73.8 Harvested : 69.1 70.4 72.5 72.5 : : Bushels Yield per harvested : acre : 38.9 38.9 36.5 36.5 : : Million bushels : Beginning stocks : 132 200 348 348 Production : 2,689 2,741 2,643 2,643 Imports : 5 3 3 3 Supply, total : 2,826 2,944 2,994 2,994 Crushings : 1,597 1,590 1,600 1,590 Exports : 873 801 910 930 Seed : 86 89 90 90 Residual : 70 116 69 79 Use, total : 2,626 2,595 2,669 2,689 Ending stocks : 200 348 325 305 Avg. farm price ($/bu) 2/ : 6.47 4.93 4.50- 4.90 4.50 - 4.90 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 1,520 1,382 1,520 1,520 Production : 18,143 18,081 _3/ 18,080 18,045 Imports : 60 82 80 95 Supply, total : 19,723 19,546 19,680 19,660 Domestic : 15,262 15,655 16,000 16,250 Exports : 3,079 2,372 1,550 1,500 Use, total : 18,341 18,027 17,550 17,750 Ending stocks : 1,382 1,520 2,130 1,910 Average price (c/lb) 2/ : 25.84 19.90 14.50- 15.00- : 16.50 17.00 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 210 218 330 330 Production : 38,176 37,792 _3/ 38,045 37,845 Imports : 56 99 50 50 Supply, total : 38,443 38,109 38,425 38,225 Domestic : 28,895 30,662 31,150 31,000 Exports : 9,329 7,117 7,000 6,900 Use, total : 38,225 37,779 38,150 37,900 Ending stocks : 218 330 275 325 Average price ($/s.t.) 2/ : 185.54 138.50 150.00- 155.00- : 170.00 170.00 =============================================================================== 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 October year crush estimate of 1,599.6 million bushels. WASDE-361-14 U.S. Sugar Supply and Use 1/ ====================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :====================== : : Estimate : March April ====================================================================== : 1,000 short tons, raw value Beginning stocks 2/ : 1,488 1,679 1,639 1,639 Production 2/3/ : 8,020 8,374 9,028 9,082 Beet sugar : 4,389 4,423 4,900 4,950 Cane sugar 4/ : 3,631 3,951 4,128 4,132 Imports 2/ : 2,163 1,824 1,798 1,773 TRQ 5/ : 1,729 1,256 1,225 1,225 Other 6/ : 434 568 573 548 Total supply : 11,671 11,877 12,465 12,494 : Exports 2/7/ : 179 230 250 250 Domestic deliveries 2/ : 9,815 10,066 10,250 10,250 Domestic food use : 9,672 9,872 10,053 10,078 Other 8/ : 143 194 197 172 Miscellaneous 9/ : (2) (58) 0 0 Use, total : 9,992 10,238 10,500 10,500 Ending stocks 2/ : 1,679 1,639 1,965 1,994 : Stocks to use ratio : 16.8 16.0 18.7 19.0 ====================================================================== 1/ Fiscal years beginning Oct 1. Includes Puerto Rico. 2/ Historical data are from FSA, "Sweetener Market Data" except imports from U.S. Customs Service. 3/ Projections for 1999/2000 are based on analyses by the Interagency Commodity Estimates Committee for sugar. 4/ Production by state for 1998/99 (projected 1999/2000): FL 2,132 (1,980); HI 384 (360); LA 1,327 (1,680); TX 106 (107); PR 3 (5). 5/ 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. The 1999/2000 available TRQ includes projected shortfall of 65,000 tons. 6/ Quota exempt imports (for reexport, for polyhydric alcohol, sugar syrup under USHTS 1702904000, and high-duty). 7/ Mostly reexports. 8/ Transfer to sugar containing products for reexport, for nonedible alcohol, and feed. 9/ Residual. METRIC CONVERSION FACTORS 1 Hectare = 2.4710 Acres 1 Kilogram = 2.205 Pounds --------------------------------------------------------------------- 1 Metric Ton : = Domestic Unit * Factor --------------------------------------------------------------------- Wheat & Soybeans : = bushels * .027216 Rice : = cwt * .045359 Rapeseed & Sunflowerseed : = cwt * .045359 Corn, Sorghum & Rye : = bushels * .025401 Barley : = bushels * .021772 Oats : = bushels * .014515 Sugar : = short tons * .907185 Cotton : = 480-lb bales * .217720 --------------------------------------------------------------------- WASDE-361-15 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :=============================== : : Est. : March April =============================================================================== : Million acres Area : Planted : 13.90 13.39 14.86 14.86 Harvested : 13.41 10.68 13.38 13.38 : : Pounds Yield per harvested : acre : 673 625 608 608 : : Million 480 pound bales : Beginning stocks 2/ : 3.97 3.89 3.94 3.94 Production : 18.79 13.92 16.95 16.95 Imports : 0.01 0.44 0.10 0.10 Supply, total : 22.78 18.25 20.99 20.99 Domestic use : 11.35 10.40 10.10 10.10 Exports : 7.50 4.34 6.50 6.50 Use, total : 18.85 14.75 16.60 16.60 Unaccounted 3/ : 0.04 -0.44 -0.01 -0.01 Ending stocks : 3.89 3.94 4.40 4.40 : Avg. farm price 4/ : 65.2 60.2 44.6 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/ Weighted average for August 1999-February 2000; USDA is prohibited by law from publishing cotton price projections. =============================================================================== Note: Public Law 106-78, signed October 22, 1999, requires the Secretary of Agriculture to estimate and report the U.S. upland cotton season-ending stocks-to-use ratio, excluding projected raw cotton imports but including the quantity of raw cotton imports that has been imported during the marketing year. Pursuant to this requirement, the estimated ratio for 1999/2000 is 25.5 percent. WASDE-361-16 World Wheat Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 1997/98 : World 3/ : 113.49 609.34 124.90 104.49 584.46 125.05 138.37 United States : 12.07 67.53 2.58 6.82 34.21 28.32 19.66 Total foreign : 101.42 541.80 122.31 97.67 550.25 96.73 118.71 Major exporters 4/ : 26.01 152.68 25.99 47.94 100.22 82.18 22.28 Argentina : 0.80 14.80 0.03 0.35 4.55 10.67 0.42 Australia : 2.40 19.42 0.05 2.76 5.17 15.34 1.35 Canada : 9.05 24.28 0.13 3.35 7.32 20.13 6.01 EU-15 : 13.76 94.18 25.78 41.48 83.19 36.03 14.50 Major importers 5/ : 39.61 187.28 38.32 18.64 210.18 4.84 50.19 Brazil : 0.58 2.38 6.27 0.00 8.67 0.00 0.55 China : 24.17 123.39 1.92 5.00 114.85 1.16 33.46 East. Europe : 6.00 34.35 1.93 12.03 31.84 3.10 7.34 N. Africa : 5.12 9.95 17.87 0.31 28.34 0.19 4.41 Pakistan : 2.70 16.65 4.13 0.35 20.26 0.01 3.21 Selected other : India : 7.00 69.35 1.73 0.35 68.00 0.00 10.08 FSU-12 6/ : 8.25 80.32 6.33 24.53 71.81 5.95 17.14 Russia : 1.60 44.20 3.09 16.40 39.91 0.98 8.00 Kazakstan : 2.25 8.95 0.02 1.25 4.79 3.43 3.00 : : 1998/99 (Estimated) : World 3/ : 138.37 589.15 120.29 107.30 591.75 120.78 135.78 United States : 19.66 69.33 2.80 10.79 37.68 28.37 25.74 Total foreign : 118.71 519.82 117.48 96.51 554.07 92.41 110.03 Major exporters 4/ : 22.28 161.47 25.40 52.41 105.23 74.83 29.09 Argentina : 0.42 12.20 0.03 0.10 4.15 8.20 0.30 Australia : 1.35 22.11 0.06 2.79 5.11 16.00 2.40 Canada : 6.01 24.08 0.15 4.22 8.16 14.71 7.37 EU-15 : 14.50 103.09 25.17 45.31 87.81 35.93 19.02 Major importers 5/ : 50.19 179.10 35.84 19.16 213.73 4.78 46.61 Brazil : 0.55 2.19 7.12 0.20 9.30 0.00 0.55 China : 33.46 109.73 0.85 5.00 115.66 0.44 27.92 East. Europe : 7.34 33.74 2.17 12.35 32.64 3.77 6.84 N. Africa : 4.41 14.18 16.72 0.31 28.59 0.17 6.56 Pakistan : 3.21 18.69 3.10 0.40 21.26 0.00 3.75 Selected other : India : 10.08 66.35 1.99 0.35 67.34 0.00 11.08 FSU-12 6/ : 17.14 55.95 5.40 17.07 64.98 7.95 5.55 Russia : 8.00 27.00 2.50 11.15 35.28 1.22 1.00 Kazakstan : 3.00 4.70 0.02 1.10 4.64 2.28 0.80 =============================================================================== 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-15 (includes intra-trade). 5/ Algeria, Brazil, China, Eastern Europe, Egypt, Japan, Libya, Morocco, Pakistan, and Tunisia. 6/ Includes imports and exports among the nations of the former USSR. Former USSR excluding the Baltic States. WASDE-361-17 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: =============================================================================== : : 1999/00 (Projected) World 3/ : March : 135.56 585.59 124.69 105.02 594.28 125.36 126.86 April : 135.78 586.96 124.75 105.94 596.94 126.54 125.79 United States : March : 25.74 62.66 2.59 8.17 35.27 28.58 27.14 April : 25.74 62.66 2.45 8.85 35.92 29.26 25.67 Total foreign : March : 109.81 522.93 122.11 96.86 559.01 96.79 99.72 April : 110.03 524.29 122.31 97.10 561.02 97.29 100.12 Major exporters 4/ : March : 29.09 162.78 25.18 55.05 107.48 83.48 26.09 April : 29.09 163.29 25.18 55.05 107.48 83.98 26.09 Argentina Mar : 0.30 14.50 0.03 0.30 4.50 10.00 0.33 Apr : 0.30 15.00 0.03 0.30 4.50 10.50 0.33 Australia Mar : 2.40 24.50 0.05 3.30 5.63 18.50 2.83 Apr : 2.40 24.50 0.05 3.30 5.63 18.50 2.83 Canada Mar : 7.37 26.85 0.15 4.50 8.45 18.50 7.42 Apr : 7.37 26.85 0.15 4.50 8.45 18.50 7.42 EU-15 Mar : 19.02 96.93 24.95 46.95 88.90 36.48 15.53 Apr : 19.02 96.94 24.95 46.95 88.91 36.48 15.53 Major importers 5/ : March : 46.41 176.18 33.85 17.91 214.39 3.37 38.68 April : 46.61 176.16 33.75 17.86 214.19 3.37 38.96 Brazil Mar : 0.55 2.44 7.00 0.20 9.44 0.00 0.55 Apr : 0.55 2.44 7.00 0.20 9.44 0.00 0.55 China Mar : 27.92 115.00 0.70 5.00 117.00 0.50 26.12 Apr : 27.92 115.00 0.70 5.00 117.00 0.50 26.12 East. Europe Mar : 6.84 28.93 2.25 11.05 31.14 2.30 4.58 Apr : 6.84 28.93 2.25 11.05 31.14 2.30 4.58 N. Africa Mar : 6.36 11.36 15.70 0.31 29.01 0.17 4.24 Apr : 6.56 11.36 15.40 0.31 28.81 0.17 4.34 Pakistan Mar : 3.75 17.85 2.30 0.40 21.60 0.00 2.30 Apr : 3.75 17.85 2.50 0.40 21.60 0.00 2.50 Selected other : India Mar : 11.08 70.78 1.70 0.35 69.25 0.20 14.11 Apr : 11.08 70.78 1.70 0.35 69.25 0.20 14.11 FSU-12 6/ Mar : 5.54 64.81 8.34 17.38 65.39 7.00 6.31 Apr : 5.55 64.81 8.34 17.38 65.59 6.80 6.32 Russia Mar : 1.00 31.00 4.80 11.30 35.50 0.30 1.00 Apr : 1.00 31.00 4.80 11.30 35.50 0.30 1.00 Kazakstan Mar : 0.80 11.20 0.02 1.50 5.00 4.50 2.52 Apr : 0.80 11.20 0.02 1.50 5.00 4.50 2.52 =============================================================================== 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-15 (includes intra-trade). 5/ Algeria, Brazil, China, Eastern Europe, Egypt, Japan, Libya, Morocco, Pakistan, and Tunisia. 6/ Includes imports and exports among the nations of the former USSR. Former USSR excluding the Baltic States. WASDE-361-18 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: =============================================================================== : : 1997/98 : World 3/ : 128.63 884.14 98.98 583.50 876.55 100.00 136.22 United States : 27.01 260.43 2.94 154.73 206.97 45.25 38.15 Total foreign : 101.62 623.71 96.04 428.77 669.58 54.75 98.07 Major exporters 4/ : 9.07 67.59 1.87 36.86 47.16 22.06 9.31 Argentina : 1.11 24.67 0.07 7.72 9.85 13.70 2.30 Australia : 0.67 9.52 0.00 4.49 5.72 3.34 1.14 Canada : 4.85 25.12 1.52 19.96 23.46 3.75 4.27 Major importers 5/ : 27.81 207.24 62.95 173.38 235.76 22.03 40.22 EU-15 : 12.21 109.40 16.33 74.62 98.00 18.05 21.89 East. Europe : 5.17 58.97 1.21 41.71 53.27 3.02 9.05 Japan : 2.12 0.20 20.98 16.24 20.66 0.00 2.64 Mexico : 3.70 23.11 7.98 16.34 31.58 0.36 2.85 Southeast Asia : 1.24 13.18 3.29 11.46 16.15 0.61 0.94 South Korea : 0.86 0.35 7.60 6.06 8.31 0.00 0.50 Selected other : China : 46.54 114.65 1.54 93.83 129.43 6.20 27.10 FSU-12 6/ : 3.17 68.71 0.49 36.84 57.14 3.08 12.14 Russia : 1.20 41.60 0.31 22.12 34.27 1.57 7.27 Ukraine : 1.13 15.46 0.01 6.82 12.21 1.12 3.26 : : 1998/99 (Estimated) : World 3/ : 136.22 889.48 109.16 576.97 870.29 107.06 155.41 United States : 38.15 271.47 3.07 152.39 205.37 55.95 51.37 Total foreign : 98.06 618.01 106.10 424.58 664.92 51.11 104.04 Major exporters 4/ : 9.31 62.07 1.45 36.78 46.81 17.28 8.74 Argentina : 2.30 17.76 0.05 7.90 10.05 8.43 1.64 Australia : 1.14 9.60 0.02 4.33 5.14 4.95 0.66 Canada : 4.27 26.57 0.83 19.93 23.37 3.21 5.09 Major importers 5/ : 40.21 199.74 65.65 174.28 237.83 26.39 41.38 EU-15 : 21.89 105.55 17.54 73.39 96.62 23.18 25.18 East. Europe : 9.05 51.13 1.57 40.98 52.37 2.92 6.46 Japan : 2.64 0.15 20.92 16.57 21.27 0.00 2.44 Mexico : 2.85 24.51 9.09 17.47 33.47 0.05 2.93 Southeast Asia : 0.94 15.94 3.23 13.10 18.21 0.25 1.65 South Korea : 0.50 0.49 7.78 6.07 8.29 0.00 0.48 Selected other : China : 27.10 144.19 2.72 95.55 131.00 3.36 39.66 FSU-12 6/ : 12.14 37.92 1.75 26.07 45.27 2.03 4.50 Russia : 7.27 18.95 1.47 13.72 25.72 0.20 1.77 Ukraine : 3.26 10.35 0.00 5.78 10.81 1.24 1.56 =============================================================================== 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 South Africa. 5/ Eastern Europe, the EU-15 (includes intra-trade), Non-EU Western Europe, Mexico, Japan, South Korea, Taiwan, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). 6/ Includes imports and exports among the nations of the former USSR. Former USSR excluding the Baltic States. WASDE-361-19 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: =============================================================================== : : 1999/00 (Projected) World 3/ : March : 155.61 872.66 109.59 576.82 880.50 114.03 147.76 April : 155.41 871.01 109.48 584.43 880.07 113.59 146.35 United States : March : 51.37 263.38 2.86 157.09 212.13 55.94 49.55 April : 51.37 263.38 2.75 157.75 213.14 54.91 49.45 Total foreign : March : 104.23 609.28 106.73 419.72 668.37 58.09 98.22 April : 104.04 607.64 106.73 426.68 666.93 58.67 96.90 Major exporters 4/ : March : 8.82 64.28 1.35 35.56 47.00 18.52 8.93 April : 8.74 64.66 1.15 35.56 47.16 18.42 8.98 Argentina Mar : 1.62 19.90 0.05 8.10 10.41 9.58 1.58 Apr : 1.64 19.76 0.05 8.10 10.55 9.38 1.52 Australia Mar : 0.66 7.71 0.00 3.51 4.29 3.42 0.66 Apr : 0.66 7.71 0.00 3.51 4.29 3.42 0.66 Canada Mar : 5.09 26.77 1.05 19.30 23.93 4.03 4.95 Apr : 5.09 26.77 0.85 19.30 23.93 3.83 4.95 Major importers 5/ : March : 41.15 198.71 66.17 177.40 239.86 28.18 38.00 April : 41.38 197.88 65.77 176.43 239.09 28.46 37.47 EU-15 Mar : 25.09 103.05 16.71 73.30 96.87 24.91 23.06 Apr : 25.18 102.90 16.71 73.25 96.82 25.21 22.76 East. Europe Mar : 6.46 51.86 1.36 39.78 50.72 3.02 5.94 Apr : 6.46 51.86 1.26 39.76 50.69 3.05 5.84 Japan Mar : 2.44 0.16 20.64 16.44 20.94 0.00 2.30 Apr : 2.44 0.21 20.34 16.14 20.68 0.00 2.31 Mexico Mar : 2.80 26.18 8.80 19.33 34.78 0.05 2.95 Apr : 2.93 25.75 8.80 18.88 34.45 0.05 2.98 Southeast Asia Mar : 1.65 15.06 3.65 14.09 18.82 0.20 1.34 Apr : 1.65 14.76 3.65 13.94 18.72 0.15 1.19 South Korea Mar : 0.48 0.49 9.41 7.41 9.86 0.00 0.52 Apr : 0.48 0.49 9.41 7.41 9.86 0.00 0.51 Selected other : China Mar : 40.07 139.10 2.95 97.87 134.22 8.03 39.87 Apr : 39.66 138.55 2.95 97.37 133.66 9.03 38.47 FSU-12 6/ Mar : 4.45 40.87 1.47 18.38 40.88 2.20 3.71 Apr : 4.50 40.87 1.87 26.79 41.57 1.80 3.87 Russia Mar : 1.77 21.80 1.18 6.47 23.68 0.25 0.82 Apr : 1.77 21.80 1.53 14.52 24.13 0.15 0.82 Ukraine Mar : 1.51 9.95 0.00 6.07 9.31 1.15 1.00 Apr : 1.56 9.95 0.05 6.42 9.55 0.85 1.16 =============================================================================== 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 South Africa. 5/ Eastern Europe, the EU-15 (includes intra-trade), Non-EU Western Europe, Mexico, Japan, South Korea, Taiwan, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). 6/ Includes imports and exports among the nations of the former USSR. Former USSR excluding the Baltic States. WASDE-361-20 World Corn Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 1997/98 : World 3/ : 92.87 575.35 71.17 406.94 581.32 71.48 86.91 United States : 22.43 233.86 0.22 139.24 185.09 38.21 33.22 Total foreign : 70.44 341.49 70.95 267.70 396.23 33.27 53.69 Major exporters 4/ : 3.20 27.05 0.10 9.04 13.74 13.47 3.14 Argentina : 0.75 19.36 0.00 4.80 6.35 12.22 1.54 South Africa : 2.45 7.69 0.10 4.24 7.39 1.25 1.60 Major importers 5/ : 13.61 101.20 47.35 94.95 132.96 12.40 16.81 EU-15 : 3.28 38.52 10.27 30.74 38.96 8.74 4.37 Japan : 0.93 0.00 16.42 11.80 15.90 0.00 1.45 Mexico : 2.45 16.93 4.38 7.15 21.90 0.36 1.50 Southeast Asia : 1.24 12.98 3.28 11.27 15.95 0.61 0.94 South Korea : 0.86 0.09 7.53 6.05 7.98 0.00 0.50 Selected other : China : 45.00 104.30 0.29 91.00 117.41 6.17 26.00 FSU-12 6/ : 0.97 10.76 0.23 5.40 8.57 0.66 2.73 Russia : 0.16 2.70 0.12 1.46 2.40 0.02 0.56 : : 1998/99 (Estimated) : World 3/ : 86.91 605.26 76.53 408.60 582.82 75.56 109.35 United States : 33.22 247.88 0.48 138.98 185.88 50.31 45.39 Total foreign : 53.69 357.37 76.05 269.61 396.94 25.25 63.95 Major exporters 4/ : 3.14 21.20 0.40 9.25 14.15 8.50 2.09 Argentina : 1.54 13.50 0.00 4.90 6.50 7.80 0.74 South Africa : 1.60 7.70 0.40 4.35 7.65 0.70 1.35 Major importers 5/ : 16.81 94.43 50.22 94.84 134.09 11.67 15.70 EU-15 : 4.37 35.30 11.77 29.93 37.95 8.93 4.56 Japan : 1.45 0.00 16.34 12.10 16.44 0.00 1.36 Mexico : 1.50 17.60 5.61 7.51 23.01 0.05 1.65 Southeast Asia : 0.94 15.74 3.23 12.91 18.01 0.25 1.65 South Korea : 0.50 0.08 7.52 5.92 7.62 0.00 0.48 Selected other : China : 26.00 132.95 0.27 93.02 117.27 3.34 38.62 FSU-12 6/ : 2.73 5.28 0.70 4.32 6.98 0.40 1.33 Russia : 0.56 0.80 0.65 1.15 1.85 0.00 0.16 =============================================================================== 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/ Eastern Europe, the EU-15 (includes intra-trade), Non-EU Western Europe, Mexico, Japan, South Korea, Taiwan, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). 6/ Includes imports and exports among the nations of the former USSR. Former USSR excluding the Baltic States. WASDE-361-21 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: =============================================================================== : : 1999/00 (Projected) World 3/ : March : 109.25 600.72 76.51 423.22 601.35 80.34 108.63 April : 109.35 600.83 76.31 422.99 601.61 80.02 108.56 United States : March : 45.39 239.72 0.38 143.52 191.78 49.53 44.18 April : 45.39 239.72 0.38 143.52 192.54 48.26 44.69 Total foreign : March : 63.86 361.00 76.13 279.70 409.57 30.81 64.45 April : 63.95 361.11 75.93 279.48 409.07 31.76 63.87 Major exporters 4/ : March : 2.19 25.00 0.10 9.45 14.60 10.20 2.49 April : 2.09 25.50 0.10 9.45 14.60 10.50 2.59 Argentina Mar : 0.74 15.50 0.00 5.00 6.80 8.70 0.74 Apr : 0.74 15.50 0.00 5.00 6.80 8.70 0.74 South Africa Mar : 1.45 9.50 0.10 4.45 7.80 1.50 1.75 Apr : 1.35 10.00 0.10 4.45 7.80 1.80 1.85 Major importers 5/ : March : 15.61 99.36 50.06 99.67 137.83 11.09 16.11 April : 15.70 98.97 49.66 99.14 137.36 11.04 15.94 EU-15 Mar : 4.47 37.15 10.69 30.92 39.02 8.11 5.17 Apr : 4.56 37.06 10.69 30.95 39.04 8.11 5.15 Japan Mar : 1.36 0.00 16.25 12.15 16.35 0.00 1.26 Apr : 1.36 0.00 16.25 12.15 16.35 0.00 1.26 Mexico Mar : 1.65 19.00 5.00 8.35 23.40 0.05 2.20 Apr : 1.65 19.00 4.60 7.95 23.00 0.05 2.20 Southeast Asia Mar : 1.65 14.86 3.65 13.90 18.62 0.20 1.34 Apr : 1.65 14.56 3.65 13.75 18.52 0.15 1.19 South Korea Mar : 0.48 0.09 9.00 7.10 9.05 0.00 0.52 Apr : 0.48 0.08 9.00 7.10 9.05 0.00 0.51 Selected other : China Mar : 38.62 128.00 0.25 95.00 119.95 8.00 38.92 Apr : 38.62 128.00 0.25 95.00 119.95 9.00 37.92 FSU-12 6/ Mar : 1.33 5.46 0.75 4.48 6.20 0.25 1.10 Apr : 1.33 5.46 0.75 4.58 6.30 0.15 1.10 Russia Mar : 0.16 1.10 0.70 1.15 1.85 0.00 0.11 Apr : 0.16 1.10 0.70 1.15 1.85 0.00 0.11 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit and reporting discrepancies in some countries. 4/ Argentina and South Africa. 5/ Eastern Europe, the EU-15 (includes intra-trade), Non-EU Western Europe, Mexico, Japan, South Korea, Taiwan, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). 6/ Includes imports and exports among the nations of the former USSR. Former USSR excluding the Baltic States. WASDE-361-22 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 : =============================================================================== : : 1997/98 World 3/ : 51.31 386.83 24.72 383.25 26.97 54.89 United States : 0.87 5.75 0.29 3.30 2.73 0.88 Total foreign : 50.44 381.08 24.43 379.95 24.23 54.01 Major exporters 4/ : 10.65 121.48 0.01 104.92 15.54 11.67 Thailand : 0.71 15.51 0.00 8.80 6.37 1.05 Vietnam : 0.00 19.09 0.00 15.32 3.78 0.00 Major importers 5/ : 5.96 49.26 13.92 60.65 1.45 7.05 Indonesia : 1.53 31.12 6.08 35.20 0.00 3.53 Selected other : China : 25.56 140.49 0.26 135.85 3.73 26.72 Japan : 3.25 9.12 0.46 9.20 0.57 3.05 : : 1998/99 (Estimated) World 3/ : 54.89 393.81 25.89 389.25 26.79 59.45 United States : 0.88 5.91 0.33 3.75 2.68 0.69 Total foreign : 54.01 387.90 25.56 385.50 24.11 58.76 Major exporters 4/ : 11.67 125.96 0.07 108.27 16.43 13.00 Thailand : 1.05 15.18 0.00 8.90 6.68 0.65 Vietnam : 0.00 20.11 0.06 15.61 4.56 0.00 Major importers 5/ : 7.05 52.44 12.57 61.68 1.28 9.09 Indonesia : 3.53 32.10 3.90 35.50 0.00 4.03 Selected other : China : 26.72 139.10 0.17 136.75 2.71 26.54 Japan : 3.05 8.15 0.65 9.10 0.20 2.55 : : 1999/00 (Projected) World 3/ : March : 58.20 398.32 20.99 397.27 23.52 59.26 April : 59.45 400.74 21.00 398.38 22.89 61.81 United States : March : 0.69 6.64 0.34 3.68 2.74 1.25 April : 0.69 6.64 0.34 3.68 2.74 1.25 Total foreign : March : 57.51 391.69 20.65 393.59 20.78 58.01 April : 58.76 394.10 20.66 394.70 20.15 60.56 Major exporters 4/ : March : 13.00 125.55 0.09 110.34 13.00 15.30 April : 13.00 127.75 0.09 111.54 12.55 16.75 Thailand Mar : 0.65 15.85 0.00 9.00 5.50 2.00 Apr : 0.65 15.85 0.00 9.00 5.50 2.00 Vietnam Mar : 0.00 20.10 0.04 16.14 4.00 0.00 Apr : 0.00 20.30 0.04 16.34 4.00 0.00 Major importers 5/ : March : 9.19 52.96 9.07 62.56 1.18 7.48 April : 9.09 53.02 9.22 62.59 1.18 7.55 Indonesia Mar : 4.03 32.10 2.00 35.70 0.00 2.43 Apr : 4.03 32.10 2.00 35.70 0.00 2.43 Selected other : China Mar : 26.54 141.00 0.40 138.00 2.85 27.09 Apr : 26.54 141.00 0.40 138.00 2.70 27.24 Japan Mar : 2.55 8.35 0.72 9.45 0.40 1.77 Apr : 2.55 8.35 0.72 9.45 0.40 1.77 =============================================================================== 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, Hong Kong, Indonesia, Iran, Iraq, Ivory Coast, Nigeria, Philippines, Saudi Arabia, the EU-15 (includes intra-trade) and Non-EU Western Europe. WASDE-361-23 World Soybean Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : : :stocks :Beginning:Produc-: : Domestic : : : stocks : tion :Imports: Crush : Total :Exports: =============================================================================== : : 1997/98 World 2/ : 13.46 158.01 39.03 126.02 148.37 40.51 21.60 United States : 3.59 73.18 0.14 43.46 47.70 23.76 5.44 Total foreign : 9.87 84.84 38.89 82.56 100.67 16.75 16.16 Major exporters 3/ : 7.40 54.99 2.15 33.33 36.44 14.37 13.73 Argentina : 3.40 19.50 1.25 12.93 13.69 3.23 7.23 Brazil : 4.00 32.50 0.90 19.90 22.15 8.75 6.50 Major importers 4/ : 1.78 18.28 29.63 34.71 46.91 0.99 1.77 EU-15 : 0.84 1.57 16.30 15.43 17.01 0.82 0.88 Japan : 0.64 0.15 4.87 3.72 5.02 0.00 0.63 China : 0.00 14.73 2.94 10.73 17.50 0.17 0.00 : : 1998/99 (Estimated) World 2/ : 21.62 159.32 39.65 134.19 157.80 38.49 24.28 United States : 5.44 74.60 0.08 43.26 48.82 21.81 9.48 Total foreign : 16.18 84.72 39.57 90.92 108.98 16.68 14.79 Major exporters 3/ : 13.73 54.20 1.10 39.02 42.08 14.53 12.42 Argentina : 7.23 19.90 0.50 17.51 18.27 3.23 6.12 Brazil : 6.50 31.30 0.60 21.01 23.20 8.90 6.30 Major importers 4/ : 1.79 18.63 30.90 36.65 48.81 0.84 1.65 EU-15 : 0.88 1.54 16.40 15.76 17.27 0.66 0.88 Japan : 0.63 0.16 4.65 3.68 4.93 0.00 0.51 China : 0.00 15.15 3.85 12.00 18.82 0.18 0.00 : : 1999/00 (Projected) World 2/ : March : 24.00 153.51 42.33 134.32 157.14 42.10 20.57 April : 24.30 154.66 42.72 135.16 158.33 42.73 20.58 United States : March : 9.48 71.93 0.08 43.54 47.88 24.77 8.85 April : 9.48 71.93 0.08 43.27 47.88 25.31 8.30 Total foreign : March : 14.51 81.58 42.24 90.77 109.25 17.34 11.72 April : 14.81 82.73 42.63 91.89 110.45 17.42 12.28 Major exporters 3/ : March : 12.12 53.00 1.20 39.10 42.07 15.05 9.20 April : 12.42 54.00 1.20 39.70 42.77 15.10 9.75 Argentina Mar : 6.12 20.00 0.50 17.80 18.47 3.75 4.40 Apr : 6.12 21.00 0.50 17.90 18.67 4.00 4.95 Brazil Mar : 6.00 30.50 0.70 20.90 23.10 9.30 4.80 Apr : 6.30 30.50 0.70 21.40 23.60 9.10 4.80 Major importers 4/ : March : 1.67 17.07 32.79 36.81 49.20 0.81 1.49 April : 1.67 17.36 33.08 37.26 49.75 0.84 1.49 EU-15 Mar : 0.88 1.14 16.49 15.61 17.04 0.70 0.77 Apr : 0.88 1.14 16.48 15.61 17.03 0.70 0.77 Japan Mar : 0.51 0.17 4.70 3.62 4.92 0.00 0.45 Apr : 0.51 0.17 4.70 3.62 4.92 0.00 0.45 China Mar : 0.00 14.00 5.00 12.12 18.90 0.10 0.00 Apr : 0.00 14.29 5.30 12.58 19.46 0.13 0.00 =============================================================================== 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 export 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-361-24 World Soybean Meal Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 1997/98 World 2/ : 3.74 100.28 36.93 100.27 37.04 3.65 United States : 0.19 34.63 0.05 26.21 8.46 0.20 Total foreign : 3.55 65.65 36.88 74.05 28.58 3.45 Major exporters 3/ : 1.08 30.06 0.10 7.69 22.25 1.31 Argentina : 0.25 10.54 0.00 0.39 10.03 0.36 Brazil : 0.84 15.73 0.10 6.10 9.62 0.94 India : 0.00 3.80 0.00 1.20 2.60 0.00 Major importers 4/ : 1.18 21.70 25.26 42.10 5.05 0.99 EU-15 : 0.86 12.09 16.53 23.67 5.00 0.80 China : 0.00 8.58 4.20 12.76 0.02 0.00 : : 1998/99 (Estimated) World 2/ : 3.65 106.12 38.68 104.94 39.14 4.38 United States : 0.20 34.28 0.09 27.82 6.46 0.30 Total foreign : 3.45 71.84 38.60 77.12 32.68 4.08 Major exporters 3/ : 1.31 34.81 0.10 8.30 26.50 1.41 Argentina : 0.36 14.00 0.00 0.46 13.40 0.50 Brazil : 0.94 16.60 0.10 6.50 10.30 0.84 India : 0.00 4.21 0.00 1.34 2.80 0.07 Major importers 4/ : 0.99 23.00 25.76 43.52 5.06 1.17 EU-15 : 0.80 12.22 19.15 26.20 5.04 0.93 China : 0.00 9.54 1.40 10.93 0.01 0.00 : : 1999/00 (Projected) World 2/ : March : 4.38 106.32 38.12 106.57 38.52 3.73 April : 4.38 107.09 38.27 107.25 38.52 3.97 United States : March : 0.30 34.51 0.05 28.26 6.35 0.25 April : 0.30 34.33 0.05 28.12 6.26 0.30 Total foreign : March : 4.08 71.80 38.08 78.31 32.17 3.48 April : 4.08 72.76 38.23 79.13 32.26 3.67 Major exporters 3/ : March : 1.41 34.34 0.10 8.80 25.88 1.16 April : 1.41 34.82 0.10 9.00 25.98 1.35 Argentina Mar : 0.50 14.40 0.00 0.47 14.07 0.36 Apr : 0.50 14.48 0.00 0.47 14.10 0.41 Brazil Mar : 0.84 16.50 0.10 6.90 9.74 0.80 Apr : 0.84 16.90 0.10 7.10 9.80 0.94 India Mar : 0.07 3.44 0.00 1.43 2.08 0.00 Apr : 0.07 3.44 0.00 1.43 2.08 0.00 Major importers 4/ : March : 1.17 22.91 25.06 42.92 5.14 1.08 April : 1.17 23.33 25.15 43.42 5.14 1.08 EU-15 Mar : 0.93 12.04 19.17 26.17 5.13 0.84 Apr : 0.93 12.04 19.25 26.26 5.13 0.84 China Mar : 0.00 9.70 0.50 10.19 0.01 0.00 Apr : 0.00 10.00 0.50 10.48 0.01 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-361-25 World Soybean Oil Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 1997/98 World 2/ : 2.55 22.85 6.81 22.56 6.99 2.65 United States : 0.69 8.23 0.03 6.92 1.40 0.63 Total foreign : 1.86 14.62 6.78 15.64 5.60 2.03 Major exporters 3/ : 0.86 8.73 0.73 4.43 4.96 0.93 Argentina : 0.30 2.24 0.00 0.10 2.10 0.33 Brazil : 0.38 3.74 0.20 2.72 1.18 0.42 EU-15 : 0.18 2.76 0.53 1.60 1.69 0.18 Major importers 4/ : 0.47 2.64 2.05 4.47 0.08 0.60 China : 0.45 1.78 1.65 3.22 0.08 0.58 Pakistan : 0.02 0.00 0.16 0.16 0.00 0.02 : : 1998/99 (Estimated) World 2/ : 2.65 24.26 7.78 24.51 7.90 2.30 United States : 0.63 8.20 0.04 7.10 1.08 0.69 Total foreign : 2.03 16.06 7.74 17.41 6.82 1.61 Major exporters 3/ : 0.93 9.79 0.79 4.56 6.16 0.79 Argentina : 0.33 3.16 0.00 0.11 3.08 0.31 Brazil : 0.42 3.93 0.21 2.73 1.50 0.33 EU-15 : 0.18 2.70 0.58 1.72 1.58 0.16 Major importers 4/ : 0.60 2.94 2.20 5.35 0.08 0.32 China : 0.58 1.97 0.95 3.12 0.08 0.30 Pakistan : 0.02 0.01 0.42 0.43 0.00 0.02 : : 1999/00 (Projected) World 2/ : March : 2.30 24.18 7.40 24.20 7.34 2.34 April : 2.30 24.40 7.36 24.43 7.35 2.27 United States : March : 0.69 8.20 0.04 7.26 0.70 0.97 April : 0.69 8.18 0.04 7.37 0.68 0.87 Total foreign : March : 1.61 15.98 7.36 16.94 6.64 1.37 April : 1.61 16.21 7.32 17.06 6.67 1.41 Major exporters 3/ : March : 0.79 9.76 0.77 4.58 5.96 0.78 April : 0.79 9.89 0.77 4.64 5.99 0.82 Argentina Mar : 0.31 3.21 0.00 0.11 3.12 0.30 Apr : 0.31 3.23 0.00 0.11 3.13 0.31 Brazil Mar : 0.33 3.91 0.22 2.80 1.30 0.35 Apr : 0.33 4.02 0.22 2.86 1.32 0.39 EU-15 Mar : 0.16 2.64 0.55 1.68 1.54 0.13 Apr : 0.16 2.64 0.55 1.68 1.54 0.13 Major importers 4/ : March : 0.32 2.79 1.81 4.68 0.08 0.16 April : 0.32 2.88 1.78 4.73 0.08 0.16 China Mar : 0.30 2.00 0.73 2.80 0.08 0.15 Apr : 0.30 2.06 0.73 2.86 0.08 0.15 Pakistan Mar : 0.02 0.00 0.30 0.31 0.00 0.01 Apr : 0.02 0.02 0.20 0.22 0.00 0.01 =============================================================================== 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-361-26 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : 3/ : : 3/ : : =============================================================================== : : 1997/98 : World : 40.09 91.63 26.29 87.19 26.65 0.30 43.87 United States : 3.97 18.79 0.01 11.35 7.50 0.04 3.89 Total foreign : 36.12 72.84 26.28 75.84 19.15 0.26 39.99 Major exporters 5/ : 11.91 39.81 0.51 24.04 15.88 0.07 12.25 Pakistan : 1.82 7.18 0.12 7.19 0.38 0.03 1.52 India : 4.68 12.34 0.15 12.68 0.31 0.00 4.17 Central Asia 6/ : 1.49 7.11 0.01 1.23 5.82 0.00 1.56 Afr. Fr. Zone 7/ : 0.49 4.32 4/ 0.27 3.62 0.00 0.92 S. Hemis. 8/ : 2.35 5.75 0.23 1.26 4.52 0.02 2.52 Australia : 0.95 3.06 4/ 0.20 2.71 0.00 1.10 Argentina : 1.04 1.41 0.03 0.43 1.00 0.01 1.04 Major importers : 22.43 29.80 20.27 44.39 1.97 0.18 25.95 Brazil : 1.26 1.75 1.88 3.40 0.00 0.00 1.49 Mexico : 0.20 0.98 1.48 1.95 0.31 0.04 0.36 China : 16.66 21.10 1.83 19.60 0.03 0.00 19.96 Europe : 1.88 2.28 6.02 6.72 1.40 0.05 2.00 Turkey : 0.56 3.65 1.45 5.00 0.10 0.00 0.56 Selected Asia 9/ : 1.88 0.05 7.60 7.72 0.12 0.10 1.60 Indonesia : 0.10 0.02 1.92 1.85 0.00 0.05 0.14 South Korea : 0.51 4/ 1.32 1.35 0.05 0.00 0.43 : : 1998/99 (Estimated) : World : 43.87 84.54 25.16 84.62 23.65 -0.14 45.44 United States : 3.89 13.92 0.44 10.40 4.34 -0.44 3.94 Total foreign : 39.99 70.62 24.71 74.22 19.31 0.30 41.50 Major exporters 5/ : 12.25 37.65 1.56 23.53 15.27 0.07 12.58 Pakistan : 1.52 6.30 0.93 7.00 0.01 0.03 1.71 India : 4.17 12.73 0.43 12.47 0.18 0.00 4.68 Central Asia 6/ : 1.56 6.60 0.01 1.25 5.38 0.00 1.54 Afr. Fr. Zone 7/ : 0.92 4.05 4/ 0.27 3.62 0.00 1.07 S. Hemis. 8/ : 2.52 5.38 0.20 1.20 4.49 0.02 2.39 Australia : 1.10 3.29 4/ 0.19 3.00 0.00 1.21 Argentina : 1.04 0.90 0.02 0.40 0.75 0.01 0.80 Major importers : 25.95 29.97 18.05 43.81 2.80 0.22 27.14 Brazil : 1.49 2.10 1.36 3.50 0.00 0.00 1.45 Mexico : 0.36 1.00 1.49 2.15 0.22 0.04 0.45 China : 19.96 20.70 0.36 19.20 0.68 0.00 21.13 Europe : 2.00 2.27 5.43 6.26 1.44 0.09 1.90 Turkey : 0.56 3.85 1.14 4.60 0.36 0.00 0.58 Selected Asia 9/ : 1.60 0.05 8.28 8.10 0.10 0.10 1.63 Indonesia : 0.14 0.02 2.33 2.25 0.00 0.05 0.19 South Korea : 0.43 4/ 1.47 1.48 0.04 0.00 0.39 =============================================================================== 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ For foreign countries, reflects cotton lost or destroyed in the marketing channel; for the United States, reflects the difference between implicit stocks based on supply less total use and ending stocks based on Bureau of Census data. 3/ World trade includes estimated trade among the 12 countries of the former USSR and three Baltic states 1.70 million bales in 1997/98 and 1.38 million in 1998/99. 4/ Less than 5,000 bales. 5/ Includes Egypt, and Syria in addition to the countries and regions listed. 6/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 7/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 8/ Argentina, Australia, Paraguay, South Africa, Tanzania, and Zimbabwe. 9/ Hong Kong, Indonesia, Japan, South Korea, Taiwan, and Thailand. WASDE-361-27 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : 3/ : : 3/ : : ============================================================================== : : 1999/00 (Projected) World : March : 41.74 86.87 27.24 88.96 26.71 0.24 39.94 April : 45.44 86.99 27.49 90.21 26.83 0.24 42.64 United States : March : 3.94 16.95 0.10 10.10 6.50 -0.01 4.40 April : 3.94 16.95 0.10 10.10 6.50 -0.01 4.40 Total foreign : March : 37.80 69.92 27.14 78.86 20.21 0.24 35.54 April : 41.50 70.04 27.39 80.11 20.33 0.24 38.24 Major exporters 5/ : March : 12.58 39.73 1.67 24.67 15.73 0.07 13.50 April : 12.58 39.77 1.67 24.67 15.80 0.07 13.47 Pakistan Mar : 1.71 8.20 0.40 7.40 0.70 0.03 2.19 Apr : 1.71 8.20 0.40 7.40 0.70 0.03 2.19 India Mar : 4.68 12.80 0.90 13.20 0.10 0.00 5.08 Apr : 4.68 12.80 0.90 13.20 0.10 0.00 5.08 Central Asia 6/Mar : 1.54 7.41 0.01 1.26 5.80 0.00 1.91 Apr : 1.54 7.41 0.01 1.26 5.80 0.00 1.91 Afr. Fr. Zn. 7/Mar : 1.07 4.06 4/ 0.28 3.66 0.00 1.19 Apr : 1.07 4.06 4/ 0.28 3.68 0.00 1.17 S. Hemis 8/ Mar : 2.39 4.74 0.26 1.22 4.08 0.02 2.06 Apr : 2.39 4.78 0.26 1.22 4.13 0.02 2.05 Australia Mar : 1.21 3.10 4/ 0.20 2.90 0.00 1.21 Apr : 1.21 3.10 4/ 0.20 2.90 0.00 1.21 Argentina Mar : 0.80 0.55 0.04 0.40 0.50 0.01 0.47 Apr : 0.80 0.55 0.04 0.40 0.50 0.01 0.47 Major importers Mar : 23.44 27.21 19.79 46.87 3.25 0.17 20.15 Apr : 27.14 27.29 19.84 47.92 3.30 0.17 22.88 Brazil Mar : 1.45 2.50 1.70 3.90 0.00 0.00 1.75 Apr : 1.45 2.50 1.70 3.90 0.00 0.00 1.75 Mexico Mar : 0.45 0.63 2.10 2.45 0.20 0.03 0.50 Apr : 0.45 0.63 2.10 2.45 0.20 0.03 0.50 China Mar : 17.43 17.60 0.15 20.50 1.20 0.00 13.48 Apr : 21.13 17.60 0.15 21.50 1.20 0.00 16.18 Europe Mar : 1.90 2.48 5.52 6.27 1.56 0.05 2.02 Apr : 1.90 2.56 5.57 6.32 1.61 0.05 2.05 Turkey Mar : 0.58 3.95 1.70 5.40 0.20 0.00 0.63 Apr : 0.58 3.95 1.70 5.40 0.20 0.00 0.63 Sel. Asia 9/ Mar : 1.63 0.05 8.63 8.35 0.09 0.10 1.77 Apr : 1.63 0.05 8.63 8.35 0.09 0.10 1.77 Indonesia Mar : 0.19 0.02 2.50 2.40 0.00 0.05 0.26 Apr : 0.19 0.02 2.50 2.40 0.00 0.05 0.26 S. Korea Mar : 0.39 4/ 1.60 1.55 0.04 0.00 0.41 Apr : 0.39 4/ 1.60 1.55 0.04 0.00 0.41 =============================================================================== 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ For foreign countries, reflects cotton lost or destroyed in the marketing channel; for the United States, reflects the difference between implicit stocks based on supply less total use and ending stocks based on Bureau of Census data. 3/ World trade includes estimated trade among the 12 countries of the former USSR and three Baltic states of 1.91 million bales. 4/ Less than 5,000 bales. 5/ Includes Egypt, and Syria in addition to the countries and regions listed. 6/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 7/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 8/ Argentina, Australia, Paraguay, South Africa, Tanzania, and Zimbabwe. 9/ Hong Kong, Indonesia, Japan, South Korea, Taiwan, and Thailand. WASDE-361-28 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 1998 : Annual : 25653 18981 45134 27863 5281 33667 78801 6658 157.3 : 1999 : I : 6399 4866 11387 7297 1206 8640 20027 1693 40.5 II : 6627 4630 11367 7592 1336 9070 20437 1706 42.0 III : 6838 4672 11624 7486 1362 8986 20610 1728 39.8 IV : 6522 5110 11756 7367 1393 8894 20650 1786 40.4 Annual : Mar Est : 26386 19278 46134 29723 5295 35570 81704 6912 162.7 Apr Est : 26386 19278 46134 29741 5297 35590 81724 6912 162.7 : 2000 : I *: 6662 4830 11607 7600 1250 8985 20592 1745 42.6 II *: 6725 4550 11380 7900 1350 9395 20775 1740 43.3 III *: 6750 4575 11427 7800 1375 9315 20742 1760 40.8 IV *: 6025 4875 11005 7800 1400 9335 20340 1815 40.7 Annual : Mar Proj : 26175 18650 45251 31100 5350 37005 82256 7060 166.0 Apr Proj : 26162 18830 45419 31100 5375 37030 82449 7060 167.3 =============================================================================== * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products =============================================================================== Year : Choice : Barrows : : : : : and : steers :and gilts : Broilers : Turkeys : Eggs : Milk : quarter : 1/ : 2/ : 3/ : 4/ : 5/ : 6/ : =============================================================================== : Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 1998 : Annual : 61.48 34.72 63.1 62.2 75.8 15.42 : 1999 : I : 62.43 28.83 58.1 59.4 75.0 15.97 II : 65.04 35.18 58.6 65.8 58.1 12.87 III : 65.12 35.70 58.1 73.8 66.2 14.83 IV : 69.65 36.29 57.6 76.9 63.0 13.83 Annual : Mar Est : 65.56 34.00 58.1 69.0 65.6 14.38 Apr Est : 65.56 34.00 58.1 69.0 65.6 14.38 : 2000 : I *: 69.83 41.10 54.5 62.9 64.5 11.87 II *: 68-70 47-49 56-58 65-67 54-56 11.60-12.00 III *: 67-71 45-49 56-60 67-71 58-62 12.45-13.15 IV *: 68-74 40-44 54-58 72-78 62-68 13.70-14.70 Annual : Mar Proj : 67-71 39-41 55-58 66-70 59-63 12.30-12.90 Apr Proj : 68-71 43-46 55-58 67-70 60-63 12.40-12.90 =============================================================================== *Projection. 1/ Nebraska, Direct, 1100-1300 lbs. 2/ National Base, Live equiv 51-52% lean 3/Wholesale, 12-city average. 4/ 8-16 lbs, hens, Eastern Region. 5/ Grade A large, New York, volume buyers. 6/ Price received by farmers for all milk. WASDE-361-29 U.S. Meats Supply and Use ============================================================================ : Supply : Use :--------------------------------------------------------- : : : : : : : Consumption : : Pro- : : : : :--------------- : Beg- : duc- : : : : End- : : Per Item :inning: tion : Im- :Total : Ex- : ing : :capita :stocks: 1/ :ports :supply: ports:stocks:Total : 2/ ============================================================================ : Million pounds 3/ BEEF : 1998 : 465 25760 2642 28867 2171 393 26303 68.0 1999 Est. Mar : 393 26493 2874 29760 2329 411 27020 69.3 Apr : 393 26493 2874 29760 2329 411 27020 69.2 2000 Proj. Mar : 411 26281 3015 29707 2325 365 27017 68.7 Apr : 411 26268 3015 29694 2350 365 26979 68.5 : PORK : 1998 : 408 19011 704 20123 1229 586 18308 52.5 1999 Est. Mar : 586 19308 827 20721 1168 488 19065 54.2 Apr : 586 19308 827 20721 1168 488 19065 54.2 2000 Proj. Mar : 488 18680 875 20043 1200 500 18343 51.7 Apr : 488 18860 885 20233 1200 500 18533 52.2 : TOTAL RED MEAT 4/ : 1998 : 895 45284 3458 49637 3406 996 45235 122.6 1999 Est. Mar : 996 46284 3814 51094 3502 913 46679 125.3 Apr : 996 46284 3814 51094 3502 913 46679 125.3 2000 Proj. Mar : 913 45400 4004 50317 3531 879 45907 122.1 Apr : 913 45568 4014 50495 3556 879 46060 122.4 : BROILERS : 1998 : 607 27612 5 28225 4673 711 22841 72.5 1999 Est. Mar : 711 29450 4 30165 4741 796 24628 77.5 Apr : 711 29468 4 30183 4741 796 24646 77.5 2000 Proj. Mar : 796 30808 4 31608 4825 890 25893 80.8 Apr : 796 30808 4 31608 4850 890 25868 80.6 : TURKEYS : 1998 : 415 5215 0 5630 446 304 4880 18.0 1999 Est. Mar : 304 5228 1 5533 379 254 4900 17.9 Apr : 304 5230 1 5535 379 254 4902 17.9 2000 Proj. Mar : 254 5282 0 5536 390 250 4896 17.8 Apr : 254 5307 0 5561 390 250 4921 17.9 : TOTAL POULTRY 5/ : 1998 : 1029 33352 6 34387 5545 1022 27821 90.9 1999 Est. Mar : 1022 35232 7 36261 5513 1058 29690 96.0 Apr : 1022 35252 7 36281 5513 1058 29710 96.0 2000 Proj. Mar : 1058 36647 4 37709 5630 1145 30934 99.1 Apr : 1058 36672 6 37736 5655 1145 30934 99.0 : RED MEAT & POULTRY: 1998 : 1924 78636 3464 84024 8950 2018 73057 213.5 1999 Est. Mar : 2018 81516 3821 87355 9014 1971 76369 221.3 Apr : 2018 81536 3821 87375 9014 1971 76389 221.3 2000 Proj. Mar : 1971 82047 4008 88026 9161 2024 76842 221.2 Apr : 1971 82240 4020 88231 9211 2024 76994 221.4 ============================================================================ 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/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 4/ Beef, pork, veal, lamb and mutton. 5/ Broilers, turkeys and mature chicken. WASDE-361-30 U.S. Egg Supply and Use =============================================================================== : : : 1999 Estimated : 2000 Projected : : :-----------------:----------------- Commodity : 1997 : 1998 : Mar : Apr : Mar : Apr =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 8.5 7.4 8.4 8.4 7.6 7.6 Production : 6473.1 6657.9 6912.0 6912.0 7060.0 7060.0 Imports : 6.9 5.8 7.4 7.4 4.0 4.0 Total supply : 6488.5 6671.2 6927.8 6927.8 7071.6 7071.6 : Use : Exports : 227.8 218.8 161.7 161.7 160.0 160.0 Hatching use : 894.7 921.8 941.7 941.7 975.0 975.0 Ending stocks : 7.4 8.4 7.6 7.6 5.0 5.0 Consumption : Total : 5358.6 5522.2 5816.8 5816.8 5931.6 5931.6 Per capita (number) : 240.1 244.9 255.6 255.5 258.6 258.2 =============================================================================== U.S. Milk Supply, Use and Prices =============================================================================== : : : 1998/99 Est 1/ : 1999/00 Proj 1/ Commodity :1996/97:1997/98:-----------------:----------------- : 1/ : 1/ : Mar : Apr : Mar : Apr =============================================================================== MILK : Billion pounds Supply : Beg. commercial stocks 2/ : 4.9 5.9 5.8 5.8 7.4 7.4 Production : 155.9 156.5 161.2 161.2 165.9 167.1 Farm use : 1.4 1.4 1.3 1.3 1.3 1.3 Marketings : 154.5 155.1 159.9 159.9 164.6 165.8 Imports 2/ : 2.8 4.1 4.8 4.8 4.1 4.1 Total cml. supply 2/ : 162.3 165.2 170.5 170.5 176.1 177.3 Use : Commercial use 2/ 3/ : 155.6 158.7 162.8 162.8 168.6 169.5 Ending commercial stks. 2/: 5.9 5.8 7.4 7.4 6.9 7.0 CCC net removals: : Milkfat basis 4/ : 0.7 0.7 0.3 0.3 0.7 0.8 Skim-solids basis 4/ : 2.7 4.5 5.4 5.4 7.2 8.3 : : Dollars per cwt Milk Prices : Basic Formula/Class III 5/: 11.88 13.28 14.04 14.04 10.05- 10.10- : 10.45 10.40 All milk 6/ : 13.53 14.60 15.37 15.37 12.30- 12.45- : 12.70 12.75 : : Million pounds CCC product net removals 4/: Butter : 24 21 1 1 15 15 Cheese : 10 8 6 6 6 10 Nonfat dry milk : 222 368 449 449 600 680 Dry whole milk : 7 15 12 12 20 35 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning October 1. 2/ Milk equivalent, milkfat basis. 3/ Includes commercial exports. 4/ Includes products exported under the Dairy Export Incentive Program. 5/ Basic Formula Price through Dec. 31, 1999; Class III price beginning Jan. 1, 2000 6/ Milk of average fat test. Does not reflect any deductions from producers as authorized by legislation. WASDE-361-31 Note: Tables on pages 31-33 present a 18-year record of the differences between the April projection and the final estimate. Using world wheat production as an example, changes between the April projection and the final estimate have averaged 2.3 million tons (0.5%) ranging from -6.8 to 6.5 million tons. The April projection has been below the estimate 11 times and above 7 times. Reliability of April Projections ------------------------------------------------------------------------------- :Differences between proj. & final estimate, 1981/82-98/99 1/ Commodity and :------------------------------------------------------------- region : Avg. : Avg. : Difference : Below final : Above final ------------------------------------------------------------------------------- WHEAT :Percent Million metric tons Number of years 2/ Production : World : 0.5 2.3 -6.8 6.5 11 7 U.S. : 0.1 0.0 0.1 0.1 8 4 Foreign : 0.5 2.4 -6.8 6.5 11 7 Exports : World : 2.4 2.7 -7.8 4.0 12 6 U.S. : 2.1 0.7 -0.8 2.1 6 12 Foreign : 3.4 2.7 -8.0 2.6 12 6 Domestic use : World : 0.6 3.3 -8.8 7.1 9 9 U.S. : 3.3 1.0 -1.6 2.2 9 9 Foreign : 0.6 3.1 -7.2 6.6 8 10 Ending stocks : World : 2.2 2.8 -8.9 3.9 12 5 U.S. : 6.0 1.1 -4.0 1.2 11 7 Foreign : 2.5 2.3 -8.5 4.7 13 4 : COARSE GRAINS 3/ : Production : World : 0.7 5.7 -14.7 13.3 13 5 U.S. : 0.1 0.1 -0.2 1.3 9 4 Foreign : 1.0 5.8 -14.7 13.3 13 5 Exports : World : 2.9 3.0 -6.4 6.2 10 8 U.S. : 5.0 2.6 -4.8 7.2 10 8 Foreign : 4.1 2.1 -5.8 4.0 11 7 Domestic use : World : 0.7 5.6 -12.6 20.0 5 13 U.S. : 2.2 3.9 -16.8 9.3 5 13 Foreign : 0.8 5.1 -10.7 17.3 9 9 Ending stocks : World : 6.2 8.2 -16.7 14.9 16 2 U.S. : 6.2 3.7 -12.1 6.9 10 8 Foreign : 8.0 5.4 -12.8 10.2 14 4 : RICE, milled : Production : World : 1.3 4.4 -13.3 10.8 15 3 U.S. : 0.9 0.0 -0.2 0.1 4 2 Foreign : 1.3 4.4 -13.3 10.8 15 3 Exports : World : 7.4 1.3 -4.4 1.1 15 3 U.S. : 4.6 0.1 -0.4 0.3 8 7 Foreign : 8.3 1.2 -4.3 1.1 15 3 Domestic use : World : 0.9 2.9 -8.7 2.4 14 4 U.S. : 5.4 0.1 -0.4 0.4 8 9 Foreign : 0.9 2.9 -8.8 2.6 14 4 Ending stocks : World : 6.6 2.6 -11.1 4.3 12 6 U.S. : 15.6 0.2 -0.3 0.4 9 9 Foreign : 7.0 2.6 -11.4 4.2 12 6 ------------------------------------------------------------------------------- 1/ Footnotes at end of table. CONTINUED WASDE-361-32 Reliability of April Projections (Continued) ------------------------------------------------------------------------------- :Differences between proj. & final estimate, 1981/82-98/99 1/ Commodity and :------------------------------------------------------------- region : Avg. : Avg. : Difference : Below final : Above final ------------------------------------------------------------------------------- SOYBEANS :Percent Million metric tons Number of years 2/ Production : World : 1.5 1.7 -4.0 2.3 11 7 U.S. : 1.1 0.6 -1.6 1.8 7 8 Foreign : 2.3 1.3 -4.6 2.3 14 4 Exports : World : 3.1 0.9 -2.1 1.6 10 8 U.S. : 4.4 0.9 -1.6 3.0 11 7 Foreign : 10.6 1.0 -2.9 2.1 9 9 Domestic use : World : 1.5 1.7 -4.4 2.6 12 6 U.S. : 1.7 0.6 -2.3 0.8 12 6 Foreign : 1.7 1.3 -3.5 2.3 11 7 Ending stocks : World : 10.0 1.8 -3.7 5.2 10 8 U.S. : 17.4 1.4 -2.6 4.7 8 10 Foreign : 9.8 1.1 -2.8 3.3 11 7 : COTTON : Million 480-pound bales Production : World : 1.0 0.9 -3.0 0.8 13 4 U.S. : 0.2 0.0 0.1 0.1 6 7 Foreign : 1.2 0.9 -3.0 0.8 12 5 Exports : World : 3.1 0.8 -2.8 1.1 9 9 U.S. : 2.9 0.2 -0.5 0.6 4 11 Foreign : 4.4 0.8 -3.4 1.2 9 9 Mill use : World : 1.3 1.0 -2.4 1.2 10 8 U.S. : 2.6 0.2 -0.6 0.2 12 3 Foreign : 1.4 1.0 -2.0 1.4 10 8 Ending stocks : World : 5.6 1.8 -3.9 3.3 11 7 U.S. : 7.5 0.3 -0.6 1.3 9 9 Foreign : 5.8 1.7 -4.1 2.7 9 9 ------------------------------------------------------------------------------- 1/ Final estimate for 1981/82-98/99 is defined as the first November estimate following the marketing year. 2/ May not total 18 if projection was the same as final estimate. 3/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. WASDE-361-33 Reliability of United States April Projections 1/ ------------------------------------------------------------------------------- :Differences between proj. & final estimate, 1981/82-98/99 2/ Commodity and :------------------------------------------------------------- region : Avg. : Avg. : Difference : Below final : Above final ------------------------------------------------------------------------------- CORN :Percent Million bushels Number of years 3/ Production : 0.1 3 -8 38 1 1 Exports : 5.1 89 -181 209 8 10 Domestic use : 2.2 128 -474 225 5 13 Ending stocks : 8.0 149 -470 358 11 7 : SORGHUM : Production : 0.1 0 0 4 0 2 Exports : 11.4 27 -70 72 12 5 Domestic use : 7.1 35 -158 77 9 9 Ending stocks : 29.7 34 -53 148 9 9 : BARLEY : Production : 0.3 2 -3 11 8 2 Exports : 6.9 5 -10 13 3 14 Domestic use : 3.9 16 -30 64 8 9 Ending stocks : 9.9 18 -52 24 13 5 : OATS : Production : 0.1 0 -2 1 3 2 Exports : 21.8 1 -1 3 3 4 Domestic use : 2.6 11 -26 24 6 11 Ending stocks : 8.9 12 -30 21 10 8 : : Thousand short tons SOYBEAN MEAL : Production : 2.2 657 -2153 617 14 4 Exports : 6.4 430 -1450 941 14 4 Domestic use : 1.7 388 -950 525 15 3 Ending stocks : 35.8 87 -214 208 7 10 : : Million pounds SOYBEAN OIL : Production : 2.2 318 -1058 310 15 3 Exports : 13.2 210 -500 564 9 9 Domestic use : 1.5 184 -562 175 13 4 Ending stocks : 15.5 227 -692 423 11 7 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 2.1 490 -561 1388 12 5 Pork : 2.4 373 -790 983 11 6 Broilers : 1.3 240 -404 584 10 7 Turkeys : 2.3 95 -177 175 9 8 : : Million dozen Eggs : 1.1 67 -120 143 13 4 : : Billion pounds Milk : 0.8 1.2 -3.2 3.1 8 8 ------------------------------------------------------------------------------- 1/ See pages 31 and 32 for record of reliability for U.S. wheat, rice, soybeans, and cotton. 2/ Final estimate for 1981/82-98/99 is defined as the first November estimate following the marketing year. 3/ May not total 18 for crops and 17 for animal production if projection was the same as the final estimate. 4/ Calendar years 1983 thru 1998 for meats and eggs; October-September years 1982/83 thru 1997/98 for milk. Final for animal products is defined as latest annual production estimate published by NASS. WASDE-361-34 METRIC CONVERSION FACTORS 1 Hectare = 2.4710 Acres 1 Kilogram = 2.205 Pounds --------------------------------------------------------------------- 1 Metric Ton : = Domestic Unit * Factor --------------------------------------------------------------------- Wheat & Soybeans : = bushels * .027216 Rice : = cwt * .045359 Corn, Sorghum & Rye : = bushels * .025401 Barley : = bushels * .021772 Oats : = bushels * .014515 Sugar : = short tons * .907185 Cotton : = 480-lb bales * .217720 --------------------------------------------------------------------- ----- END OF FILE -----