ISSN:1554-9089 WASDE-449 August 10, 2007 WHEAT: Projected U.S. 2007/08 ending stocks are down 14 million bushels reflecting lower production. Winter wheat production is lowered 25 million bushels, partly on lower harvested area in Kansas. Spring wheat (including durum) production is nearly unchanged. Feed and residual use is projected 35 million bushels lower as increased hard red winter wheat abandonment reduces supplies of feed wheat and higher prices make feeding less attractive. Exports are raised 25 million bushels as reduced world supplies boost prospects for U.S. wheat exports and prices. The season- average price is projected at $5.10 to $5.70 per bushel, up 30 cents on each end of the range from last month. Several minor changes were made to U.S. supply and use estimates for the 2005/06 and 2006/07 marketing years based on recent revisions to 2006 calendar-year imports and exports by the U.S. Census Bureau. Global 2007/08 wheat production is projected 1.9 million tons lower this month as reduced production in EU-27, the United States, Canada, Turkey, and Brazil more than offset higher production in India and FSU-12. EU-27 production is lowered 1.7 million tons as persistent, heavy rain during harvest reduces yield prospects in France and Germany, and persistent drought and heat reduce yield prospects in Bulgaria, Hungary, and Romania. Production for Canada is projected 1 million tons lower as hot, dry weather in July reduced prospects for spring wheat in Alberta and Saskatchewan. Output for Turkey and Brazil is lowered, respectively, 0.5 million tons and 0.2 million tons. Production in India is raised 1.19 million tons in line with official government estimates. FSU-12 output is raised 1.25 million tons with harvest results indicating higher-than- expected winter wheat production in Ukraine, and July precipitation increasing yield potential for spring wheat in Russia and Kazakstan. World imports and exports for 2007/08 are both increased this month. Most of the 0.7-million-ton increase in world imports results from an increase of 0.5 million tons for EU- 27. With lower production, EU-27 is expected to import more wheat. World exports are projected 1.2 million tons higher with increases for the United States, Russia, and Australia. Exports for Russia and Australia are projected up 0.5 million tons each, more than offsetting a 0.5-million-ton reduction for EU-27. Lower production and increased consumption contribute to a reduction in projected global ending stocks, down 1.8 million tons from last month. COARSE GRAINS: The 2007/08 outlook for U.S. feed grains is for higher production and increased use as tighter world coarse grain supplies boost export demand for U.S. corn and sorghum. USDA's first survey-based forecast for 2007 corn production is 13.1 billion bushels, up 214 million from last month's projection. Feed and residual use is raised 50 million bushels with the larger crop. Corn exports are projected 150 million bushels higher reflecting strong world demand as global production is projected lower. Ending stocks for U.S. corn are projected at 1.5 billion bushels, up 14 million bushels from last month, and 379 million bushels higher than projected for 2006/07. The season-average farm price is projected at $2.80 to $3.40 per bushel, unchanged from last month. The first survey-based forecast for 2007 sorghum production is 475 million bushels, up 45 million from last month. Projected exports for 2007/08 are raised 40 million bushels based on strong world demand for feed grains and lower coarse grain production in EU-27. The season-average farm price is projected 20 cents higher on both ends of the range to $2.60 to $3.20 per bushel reflecting stronger expected export demand. This month's report includes U.S. supply and use changes for 2005/06 corn and sorghum and 2005/06 and 2006/07 barley and oats based on recent revisions to 2006 calendar- year imports and exports by the U.S. Census Bureau. This month's global outlook for 2007/08 coarse grains includes lower production, increased trade, and lower ending stocks. Global coarse grain production is projected 5.8 million tons lower this month, mostly reflecting adverse weather in southeastern Europe. EU-27 corn output is lowered 6.8 million tons as extended drought and extreme heat in late June and July devastated crops in Bulgaria, Hungary, and Romania. Corn production is projected lower for FSU-12, Bosnia, Croatia, and Serbia, which were affected by similar weather conditions as the southeastern portions of EU-27. Ukraine barley production is also lowered 1.3 million tons. Barley production for Canada is projected 0.5 million tons lower because of record July heat that affected key growing areas in Alberta and Saskatchewan. Global coarse grain imports and exports for 2007/08 are both raised this month reflecting higher projected corn and sorghum trade mostly in response to reduced EU-27 production. EU-27 corn imports are raised 2.5 million tons as reduced supplies and strong feeding demand are expected to boost demand for imported corn. EU-27 sorghum imports are also raised 1 million tons. Global corn exports are projected 3.3-million-tons higher with increased U.S. exports more than offsetting reductions for Russia and Serbia. Brazil corn exports are also raised 0.5 million tons. U.S. sorghum exports are raised 1 million tons mostly in response to stronger expected demand from EU-27. Global corn ending stocks for 2007/08 are projected 6.1 million tons lower this month. RICE: USDA's first survey-based forecast of the 2007/08 U.S. rice crop is 190.4 million cwt, up slightly from last month's projection, but down 3.3 million cwt from 2006/07. Average yield is forecast at 6,984 pounds per acre, up 14 pounds per acre from last month. Area harvested is unchanged from a month ago. Long-grain production is forecast at 140.0 million cwt, up 0.5 million cwt from last month, while combined medium- and short-grain production is forecast at 50.4 million cwt, nearly the same as last month. No changes are made on the use side. Ending stocks are projected at 27.1 million cwt, up slightly from last month. The season-average farm price is projected at $9.75 to $10.25, unchanged from last month. Projected global 2007/08 production, consumption and ending stocks are raised from a month ago. World 2007/08 rice production is projected at a record 421.2 million tons, 0.4 million tons above last month. The larger world rice crop is primarily due to production in India estimated at 92 million tons (up 0.5 million tons). Rice crops in EU-27 and Pakistan are lowered slightly, which partially offset the increase in India. India's 2006/07 rice crop is raised to a near-record 92.8 million tons (up 1.7 million tons); the increase in production in both 2006/07 and 2007/08 also raises India's rice stocks. India's 2007/08 ending stocks are estimated at 10.2 million tons, up 2.2 million tons from last month, but down 1.2 million tons from revised 2006/07. World 2007/08 ending stocks are projected at 73.8 million tons, up 1.8 million tons from last month, down 3.6 million tons from revised 2006/07, and the lowest stocks since 1983/84. OILSEEDS: U.S. oilseed production for 2007/08 is projected at 80.2 million tons, down fractionally from last month as lower cottonseed production is nearly offset by higher peanut production. Soybean yields are forecast at 41.5 bushels per acre, 1.2 bushels below last year. The first survey-based forecast of U.S. soybean production is 2.63 billion bushels, unchanged from the July projection, and 563 million bushels below last year's crop. Soybean stocks are projected at 220 million bushels, down from 245 million last month reflecting reduced carryin. Soybean crush remains unchanged as reduced soybean meal export prospects are offset by increased domestic soybean meal disappearance. Soybean oil stocks are raised this month, reflecting an increase in beginning stocks. The projected U.S. season-average soybean price is unchanged at $7.25 to $8.25 per bushel. Projected prices for soybean meal and soybean oil also are unchanged at $200 to $230 per short ton and 32 to 36 cents per pound, respectively. Global oilseed production for 2007/08 is projected at 391.3 million tons, down 4.4 million tons from last month, and down 13.7 million tons from 2006/07. Foreign production is reduced 4.4 million tons from last month. Soybean production for China is projected at 15.2 million tons, down 0.4 million due to dry weather in the northeastern producing area. Rapeseed production is reduced for Canada and EU- 27. Hot, dry weather in Canada and wet harvest weather in EU-27 have reduced yield prospects. Crop projections for both remain above last year's levels due to sharply higher planted area. Global sunflowerseed production is reduced 8 percent this month due to sharp reductions for Russia, Ukraine, and EU-27. Production estimates are reduced due to lower planted area in Russia and hot, dry July weather in Ukraine and EU-27. U.S. changes for 2006/07 include higher soybean exports and crush. Exports are raised 10 million bushels. Crush is raised 15 million bushels reflecting stronger-than-expected domestic soybean meal disappearance and exports. With higher use, carryover drops 25 million bushels to 575 million bushels. The season-average soybean price is raised 5 cents per bushel to $6.40 per bushel. SUGAR: Projected 2007/08 U.S. sugar supply is increased slightly from last month, as higher beginning stocks more than offset slightly lower production, which is based on projections compiled by the Farm Service Agency. For 2006/07 supplies, a minor reduction in production nearly offsets higher imports of refined specialty sugar. LIVESTOCK, POULTRY, AND DAIRY: The forecast for total 2007 U.S. meat production is reduced slightly because of lower second quarter beef and broiler output and lower expected cattle slaughter later in the year. Total meat output for 2008 is reduced because of lower beef production. The July Cattle report indicated that the 2007 calf crop is smaller than in 2006, and it is expected that there will be fewer cattle to market next year, resulting in lower beef production. Production forecasts for 2008 pork and poultry are unchanged. The beef export forecasts for 2007 and 2008 are raised on continued improvement in sales to several markets. South Korea's suspension of inspections of U.S. beef is expected to be temporary. Beef import forecasts are raised for 2007 and 2008 because of stronger-than-expected shipments from Oceania and lower expected U.S. cow slaughter next year. Pork export forecasts for both 2007 and 2008 are lowered as shipments remain weaker-than-expected. Pork imports are increased as shipments from Canada are expected to remain strong. Broiler and turkey export forecasts are unchanged from last month. Forecasts for 2007 and 2008 cattle prices are increased due to tighter cattle supplies as reflected in the July Cattle report. Hog prices for 2007 are reduced slightly in part due to larger domestic supplies. Turkey and egg prices for 2007 are increased due to small expected production gains and firm demand. Forecast milk production for 2007 is unchanged but raised for 2008. Cow numbers are forecast higher as USDA's Cattle report indicated that producers held 3 percent more heifers for milk cow replacement. High replacement heifer and dairy cow prices indicate strong demand for dairy cows. However, milk production growth is tempered by slower- than-expected gains in milk output per cow. Milk per cow growth is slowed due to continued tight supplies of alfalfa hay and lower rBST use than previously assumed. Demand for dairy products remains firm with strong world prices continuing to support U.S. prices. Cheese and nonfat dry milk price forecasts are raised for both 2007 and 2008. Butter price forecasts are increased in 2007 but lowered in 2008. Whey price forecasts are reduced both years. Despite higher cheese forecasts, the Class III price forecasts are reduced slightly because of lower whey prices. The Class IV price forecast for 2007 is increased, and unchanged in 2008. The forecasts for all milk are raised from last month. In 2007, the all milk price is forecast to average a record $19.15 to $19.35 per cwt, and then decline to $18.25 to $19.25 per cwt in 2008. COTTON: This month's U.S. 2007/08 cotton forecasts show lower production, disappearance, and ending stocks. USDA's first survey-based production estimate is 17.35 million bales, marginally below last month's projection. Beginning stocks are reduced 100,000 bales. Domestic mill use is increased 200,000 bales to 4.6 million, reflecting higher than anticipated mill use in recent months. Exports are reduced 2 percent to 16.7 million bales, due to larger foreign supplies and slightly lower import demand by China. Ending stocks of 5.8 million bales, equivalent to 27 percent of total use, are 100,000 bales below last month. The world 2007/08 forecasts include higher production and consumption, lower world trade, and larger ending stocks relative to last month. Beginning stocks are raised about 1 percent due mainly to prior-year adjustments for Brazil, India, Egypt, and Pakistan. Production is raised in India, Brazil, and Turkmenistan, but lowered in Greece, Turkey, the African Franc Zone, and the United States. Consumption is raised for Brazil beginning in 2002/03, due to revisions in the official government statistics. World trade is lower as China's imports are reduced based on recent activity. The residual category is raised due to adjustments for China, Brazil, and the United States. World stocks are now forecast at 51.5 million bales, 1.5 percent above last month. Approved by the Secretary of Agriculture and the World Agricultural Outlook Board, Gerald A. Bange, Chairperson, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: CHARLES F. CONNER ACTING SECRETARY OF AGRICULTURE 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; Levin Flake, 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. The next issue of this report will be released at 8:30 a.m. ET on September 12, 2007. In 2007, WASDE reports will be released at 8:30 a.m. on the following dates: October 12, 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-449-8 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 : 2,019.00 2,422.92 252.51 2,032.49 390.43 2006/07 (Est.) : 1,990.12 2,380.56 246.94 2,048.36 332.19 2007/08 (Proj.) : July : 2,098.70 2,429.31 242.81 2,103.48 325.83 August : 2,091.41 2,423.61 247.52 2,104.13 319.48 Wheat : 2005/06 : 622.64 773.65 115.44 624.49 149.16 2006/07 (Est.) : 592.98 742.14 107.38 617.25 124.90 2007/08 (Proj.) : July : 612.27 736.42 107.57 619.87 116.55 August : 610.40 735.29 108.75 620.51 114.78 Coarse grains 4/ : 2005/06 : 978.31 1,156.21 107.02 992.49 163.72 2006/07 (Est.) : 979.07 1,142.79 110.20 1,012.90 129.89 2007/08 (Proj.) : July : 1,065.63 1,196.50 105.45 1,059.21 137.29 August : 1,059.83 1,189.71 108.93 1,058.85 130.86 Rice, milled : 2005/06 : 418.04 493.06 30.05 415.51 77.55 2006/07 (Est.) : 418.07 495.62 29.36 418.21 77.41 2007/08 (Proj.) : July : 420.81 496.39 29.79 424.40 71.99 August : 421.19 498.60 29.84 424.77 73.83 : : United States Total grains 3/ : 2005/06 : 363.16 442.68 90.72 280.27 71.68 2006/07 (Est.) : 335.67 413.81 85.36 282.59 45.86 2007/08 (Proj.) : July : 408.04 459.94 87.17 318.30 54.48 August : 413.76 465.66 92.68 318.61 54.37 Wheat : 2005/06 : 57.28 74.19 27.29 31.36 15.55 2006/07 (Est.) : 49.32 68.18 24.73 31.05 12.40 2007/08 (Proj.) : July : 58.19 73.32 28.58 33.37 11.38 August : 57.53 72.66 29.26 32.41 10.99 Coarse grains 4/ : 2005/06 : 298.76 359.61 59.77 245.07 54.77 2006/07 (Est.) : 280.11 337.36 57.63 247.61 32.11 2007/08 (Proj.) : July : 343.77 378.52 55.33 280.94 42.25 August : 350.14 384.88 60.16 282.21 42.52 Rice, milled : 2005/06 : 7.11 8.87 3.66 3.84 1.37 2006/07 (Est.) : 6.24 8.28 3.00 3.93 1.35 2007/08 (Proj.) : July : 6.08 8.11 3.26 3.99 0.86 August : 6.09 8.12 3.26 3.99 0.87 =============================================================================== 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-449-9 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 : 1,655.84 1,980.24 161.79 1,752.22 318.75 2006/07 (Est.) : 1,654.46 1,966.75 161.58 1,765.77 286.33 2007/08 (Proj.) : July : 1,690.66 1,969.37 155.64 1,785.18 271.36 August : 1,677.65 1,957.95 154.84 1,785.52 265.11 Wheat : 2005/06 : 565.36 699.46 88.14 593.13 133.62 2006/07 (Est.) : 543.67 673.96 82.65 586.20 112.49 2007/08 (Proj.) : July : 554.07 663.10 78.99 586.50 105.18 August : 552.86 662.63 79.49 588.10 103.79 Coarse grains 5/ : 2005/06 : 679.55 796.59 47.25 747.41 108.95 2006/07 (Est.) : 698.96 805.43 52.57 765.29 97.78 2007/08 (Proj.) : July : 721.85 817.98 50.12 778.27 95.05 August : 709.69 804.83 48.77 776.64 88.35 Rice, milled : 2005/06 : 410.93 484.19 26.39 411.67 76.18 2006/07 (Est.) : 411.83 487.35 26.36 414.28 76.06 2007/08 (Proj.) : July : 414.73 488.28 26.53 420.41 71.13 August : 415.10 490.48 26.58 420.78 72.96 =============================================================================== 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 : 115.73 171.94 44.69 116.36 57.75 2006/07 (Est.) : 119.25 177.00 37.07 122.72 57.86 2007/08 (Proj.) : July : 115.79 173.11 40.81 127.16 50.78 August : 115.92 173.78 40.58 127.78 51.52 : 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 9.70 2007/08 (Proj.) : July : 17.50 27.32 17.00 4.40 5.90 August : 17.35 27.07 16.70 4.60 5.80 : Foreign 3/ 2005/06 : 91.84 142.53 26.65 110.49 51.70 2006/07 (Est.) : 97.66 149.34 24.07 117.77 48.16 2007/08 (Proj.) : July : 98.29 145.79 23.81 122.76 44.88 August : 98.57 146.71 23.88 123.18 45.72 =============================================================================== 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-449-10 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 : 391.07 447.94 76.16 318.18 64.53 2006/07 (Est.) : 405.00 469.52 82.80 329.71 72.29 2007/08 (Proj.) : July : 395.73 467.35 87.92 342.87 58.44 August : 391.34 463.63 87.78 339.48 57.72 Oilmeals : 2005/06 : 215.59 223.25 65.35 214.98 6.91 2006/07 (Est.) : 225.03 231.94 68.34 223.31 6.64 2007/08 (Proj.) : July : 234.65 241.29 71.47 232.46 6.95 August : 232.97 239.61 70.95 231.43 6.86 Vegetable Oils : 2005/06 : 117.84 127.44 46.51 115.09 9.63 2006/07 (Est.) : 121.19 130.82 47.87 121.28 8.52 2007/08 (Proj.) : July : 126.89 135.24 49.08 126.47 7.68 August : 125.82 134.34 48.69 125.94 7.66 : : United States Oilseeds : 2005/06 : 95.53 104.49 26.61 51.90 14.20 2006/07 (Est.) : 96.62 111.68 31.23 53.14 17.10 2007/08 (Proj.) : July : 80.22 98.89 28.55 53.15 7.64 August : 80.19 98.20 28.57 53.18 6.98 Oilmeals : 2005/06 : 39.95 41.82 7.61 33.85 0.36 2006/07 (Est.) : 41.07 43.14 8.06 34.75 0.33 2007/08 (Proj.) : July : 41.26 43.36 7.91 35.12 0.33 August : 41.28 43.40 7.78 35.29 0.33 Vegetable Oils : 2005/06 : 10.39 13.87 0.90 11.18 1.80 2006/07 (Est.) : 10.37 14.57 1.21 11.63 1.74 2007/08 (Proj.) : July : 10.39 14.66 1.09 12.31 1.26 August : 10.40 14.61 1.09 12.22 1.31 : : Foreign 3/ Oilseeds : 2005/06 : 295.54 343.46 49.55 266.28 50.33 2006/07 (Est.) : 308.38 357.84 51.57 276.58 55.20 2007/08 (Proj.) : July : 315.51 368.46 59.37 289.73 50.80 August : 311.15 365.44 59.22 286.30 50.74 Oilmeals : 2005/06 : 175.64 181.43 57.74 181.13 6.55 2006/07 (Est.) : 183.96 188.80 60.28 188.56 6.30 2007/08 (Proj.) : July : 193.39 197.93 63.56 197.34 6.62 August : 191.70 196.21 63.17 196.14 6.53 Vegetable Oils : 2005/06 : 107.45 113.57 45.61 103.91 7.83 2006/07 (Est.) : 110.83 116.25 46.67 109.65 6.78 2007/08 (Proj.) : July : 116.51 120.59 48.00 114.16 6.43 August : 115.43 119.73 47.60 113.73 6.35 =============================================================================== 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-449-11 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :============================== : : Est. : July August =============================================================================== Area : Million acres Planted : 57.2 57.3 60.5 60.5 Harvested : 50.1 46.8 52.5 52.1 Yield per harvested : Bushels acre : 42.0 38.7 40.7 40.6 : Million bushels Beginning stocks : 540 571 456 456 Production : 2,105 1,812 2,138 2,114 Imports : 81 122 100 100 Supply, total : 2,726 2,505 2,694 2,670 Food : 914 925 930 930 Seed : 78 81 81 81 Feed and residual : 160 134 215 180 Domestic, total : 1,152 1,141 1,226 1,191 Exports : 1,003 909 1,050 1,075 Use, total : 2,155 2,049 2,276 2,266 Ending stocks : 571 456 418 404 CCC inventory : 43 41 Free stocks : 528 415 Outstanding loans : 42 14 Avg. farm price ($/bu) 2/ : 3.42 4.26 4.80- 5.40 5.10- 5.70 =============================================================================== 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 : 452 246 262 101 79 1,141 Exports : 281 250 146 197 35 909 Use, total : 734 496 408 298 114 2,049 Ending stocks, total : 164 118 108 44 22 456 : 2007/08 (projected) : Beginning stocks : 164 118 108 44 22 456 Production : 948 473 360 256 77 2,114 Supply, total 3/ : 1,113 633 478 307 138 2,670 Domestic use : 526 235 240 101 89 1,191 Exports : 440 285 160 160 30 1,075 Use, total : 966 520 400 261 119 2,266 Ending stocks, total : August : 147 113 78 46 19 404 July : 148 116 92 41 21 418 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price receive by farmers. 3/ Includes imports. WASDE-449-12 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :============================== : : Est. : July August =============================================================================== FEED GRAINS : Area : Million acres Planted : 96.4 92.5 108.6 * 108.6 Harvested : 85.9 80.1 97.3 * 97.3 Yield per harvested : Metric tons acre : 3.47 3.49 3.53 3.60 : Million metric tons Beginning stocks : 58.8 54.7 32.1 32.1 Production : 298.6 279.9 343.6 349.9 Imports : 1.9 2.3 2.5 2.5 Supply, total : 359.3 337.0 378.2 384.5 Feed and residual : 163.2 152.2 152.8 154.1 Food, seed & industrial : 81.5 95.1 127.8 127.8 Domestic, total : 244.7 247.3 280.6 281.9 Exports : 59.8 57.6 55.3 60.2 Use, total : 304.5 304.9 336.0 342.1 Ending stocks, total : 54.7 32.1 42.2 42.5 CCC inventory : 0.0 0.0 Free stocks : 54.7 32.1 Outstanding loans : 4.4 4.9 : CORN : Area : Million acres Planted : 81.8 78.3 92.9 * 92.9 Harvested : 75.1 70.6 85.4 * 85.4 Yield per harvested : Bushels acre : 148.0 149.1 150.3 * 152.8 : Million bushels Beginning stocks : 2,114 1,967 1,137 1,137 Production : 11,114 10,535 12,840 13,054 Imports : 9 10 15 15 Supply, total : 13,237 12,512 13,992 14,206 Feed and residual : 6,155 5,750 5,700 5,750 Food, seed & industrial : 2,981 3,525 4,790 4,790 Ethanol for fuel 2/ : 1,603 2,150 3,400 3,400 Domestic, total : 9,136 9,275 10,490 10,540 Exports : 2,134 2,100 2,000 2,150 Use, total : 11,270 11,375 12,490 12,690 Ending stocks, total : 1,967 1,137 1,502 1,516 CCC inventory : 0 0 Free stocks : 1,967 1,137 Outstanding loans : 171 190 Avg. farm price ($/bu) 3/ : 2.00 3.00 2.80- 3.40 2.80- 3.40 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further breakout of FSI corn uses including ethanol, see the ERS Feed Outlook table 5, or Feed Grains Database at www.ers.usda.gov/db/feedgrains. 3/ Marketing-year weighted average price received by farmers. * For July: Area planted and harvested of corn as reported in June 29, 2007, Acreage report. Projected corn yield derived from an econometric model fit over 1990-2006 using a trend variable, July rainfall and temperatures, and planting progress as of mid-May adjusted for the slow start to this year's planting. WASDE-449-13 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :============================== : : Est. : July August =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 6.5 6.5 7.8 * 7.8 Area harv. (mil. acres) : 5.7 4.9 6.7 * 6.7 Yield (bushels/acre) : 68.5 56.2 64.2 * 70.9 Beginning stocks : 57 66 38 38 Production : 393 278 430 475 Imports : 0 0 0 0 Supply, total : 450 343 468 513 Feed and residual : 140 110 180 180 Food, seed & industrial : 50 45 65 65 Total domestic : 190 155 245 245 Exports : 194 150 160 200 Use, total : 384 305 405 445 Ending stocks, total : 66 38 63 68 Avg. farm price ($/bu) 2/ : 1.86 3.30 2.40- 3.00 2.60- 3.20 : 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 61.0 65.2 * 63.1 Beginning stocks : 128 108 69 69 Production : 212 180 231 223 Imports : 5 12 15 15 Supply, total : 346 300 315 307 Feed and residual : 52 55 60 60 Food, seed & industrial : 158 156 155 155 Total domestic : 210 211 215 215 Exports : 28 20 20 20 Use, total : 238 231 235 235 Ending stocks, total : 108 69 80 72 Avg. farm price ($/bu) 2/ : 2.53 2.85 2.75- 3.35 2.75- 3.35 : OATS : Area planted (mil. acres) : 4.2 4.2 3.9 * 3.9 Area harv. (mil. acres) : 1.8 1.6 1.6 * 1.6 Yield (bushels/acre) : 63.0 59.5 62.6 * 61.0 Beginning stocks : 58 53 51 51 Production : 115 94 101 98 Imports : 91 106 105 105 Supply, total : 264 253 257 255 Feed and residual : 136 125 130 130 Food, seed & industrial : 74 74 75 75 Total domestic : 209 199 205 205 Exports : 2 3 2 2 Use, total : 211 201 207 207 Ending stocks, total : 53 51 50 48 Avg. farm price ($/bu) 2/ : 1.63 1.87 1.60- 2.20 1.60- 2.20 =============================================================================== 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. * For July-- Sorghum: Area planted and area harvested as reported in the June 29, 2007, Acreage report. Yield-- For sorghum the projected yield is derived from the 10-year average yield (1996-2006, excluding 2002) adjusted for rounding in production. Barley and oats: Area planted, area harvested, yield, and production as reported in July Crop Production report. WASDE-449-14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :============================== : : Est. : July August =============================================================================== TOTAL : Area : Million acres Planted : 3.38 2.84 2.74 * 2.74 Harvested : 3.36 2.82 2.73 * 2.73 Yield per harvested : Pounds acre : 6,636 6,868 6,970 * 6,984 : : Million hundredweight : Beginning stocks 2/ : 37.7 43.0 41.9 41.9 Production : 223.2 193.7 190.0 190.4 Imports : 17.1 21.0 21.5 21.5 Supply, total : 278.1 257.7 253.4 253.8 Domestic & residual 3/ : 120.2 122.8 124.7 124.7 Exports, total 4/ : 114.9 93.0 102.0 102.0 Rough : 33.4 33.5 34.0 34.0 Milled (rough equiv.) : 81.4 59.5 68.0 68.0 Use, total : 235.1 215.8 226.7 226.7 Ending stocks : 43.0 41.9 26.7 27.1 Avg. milling yield (%) 5/ : 70.2 71.0 70.5 70.5 Avg. farm price ($/cwt) 6/ : 7.65 9.68 9.75-10.25 9.75-10.25 : LONG GRAIN : Harvested acres (mil.) : 2.73 2.19 Yield (pounds/acre) : 6,493 6,689 Beginning stocks : 22.7 32.7 29.1 30.6 Production : 177.5 146.2 139.5 140.0 Supply, total 7/ : 212.5 193.4 183.6 185.6 Domestic & Residual 3/ : 87.9 89.8 89.0 89.0 Exports 8/ : 92.0 73.0 79.0 79.0 Use, total : 179.8 162.8 168.0 168.0 Ending stocks : 32.7 30.6 15.6 17.6 : : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.63 0.64 Yield (pounds/acre) : 7,255 7,484 Beginning stocks : 13.8 9.4 11.9 10.4 Production : 45.7 47.5 50.5 50.4 Supply, total 7/ : 64.7 63.5 68.9 67.3 Domestic & Residual 3/ : 32.4 33.1 35.7 35.7 Exports 8/ : 22.9 20.0 23.0 23.0 Use, total : 55.2 53.1 58.7 58.7 Ending stocks : 9.4 10.4 10.2 8.7 =============================================================================== 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; 2007/08-0.9. 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. * For July: Area planted and area harvested as reported in June 29, 2007, Acreage report. Projected yield is derived from the trend yields by rice class for the period, 1990-2006. A slight downward adjustment is made to the long grain trend yield due to the loss of two important varieties because of the GMO problem in 2006-2007 (Cheniere and Clearfield 131). WASDE-449-15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :=============================== : : Est. : July August =============================================================================== SOYBEANS: : Million acres Area : Planted : 72.0 75.5 64.1 64.1 Harvested : 71.3 74.6 63.3 63.3 : : Bushels Yield per harvested : acre : 43.0 42.7 41.5 41.5 : : Million bushels : Beginning stocks : 256 449 600 575 Production : 3,063 3,188 2,625 2,625 Imports : 3 4 4 4 Supply, total : 3,322 3,642 3,229 3,205 Crushings : 1,739 1,795 1,800 1,800 Exports : 940 1,100 1,020 1,020 Seed : 93 79 85 85 Residual : 101 92 79 79 Use, total : 2,873 3,066 2,985 2,985 Ending stocks : 449 575 245 220 Avg. farm price ($/bu) 2/ : 5.66 6.40 7.25- 8.25 7.25 - 8.25 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 1,699 3,010 2,940 3,060 Production : 20,387 20,320 20,430 20,430 Imports : 35 30 35 35 Supply, total : 22,122 23,360 23,405 23,525 Domestic : 17,959 18,650 19,900 19,900 For methyl ester 4/ : 1,555 2,500 3,500 3,500 Exports : 1,153 1,650 1,400 1,400 Use, total : 19,112 20,300 21,300 21,300 Ending stocks : 3,010 3,060 2,105 2,225 Average price (c/lb) 2/ : 23.41 31.00 32.00- 32.00- : 36.00 36.00 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 172 314 300 300 Production : 41,244 42,521 42,835 42,835 Imports : 141 165 165 165 Supply, total : 41,557 43,000 43,300 43,300 Domestic : 33,195 34,150 34,600 34,750 Exports : 8,048 8,550 8,400 8,250 Use, total : 41,243 42,700 43,000 43,000 Ending stocks : 314 300 300 300 Average price ($/s.t.) 2/ : 174.17 205.00 200.00- 200.00- : 230.00 230.00 =============================================================================== Note: Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and meal. 2/ Prices: Soybeans, marketing year weighted average price received by farmers; for Oil, simple average of crude soybean oil, Decatur; for Meal, simple average of 48 percent, Decatur. *Planted and harvested acres from the June 29 Acreage report; projected yield based on 1989-2006 regional trend. WASDE-449-16 U.S. Sugar Supply and Use 1/ ===================================================================== : : : 2007/08 Projection Item : 2005/06 : 2006/07 :==================== : : Est. : July August ===================================================================== : 1,000 short tons, raw value : Beginning stocks : 1,332 1,698 1,616 1,628 Production 2/ : 7,399 8,476 8,292 8,291 Beet sugar : 4,444 5,002 4,619 4,621 Cane sugar : 2,955 3,474 3,673 3,670 Florida : 1,367 1,713 1,774 1,774 Hawaii : 223 241 271 268 Louisiana : 1,190 1,335 1,430 1,430 Texas : 175 185 198 198 Imports : 3,443 2,029 1,889 1,889 TRQ 3/ : 2,588 1,569 1,284 1,284 Other program 4/ : 349 400 425 425 Other 5/ : 506 60 180 180 Mexico : 420 60 175 175 Total supply : 12,174 12,203 11,797 11,808 : Exports : 203 400 250 250 Deliveries : 10,341 10,175 10,170 10,170 Food : 10,184 9,950 10,000 10,000 Other 6/ : 157 225 170 170 Miscellaneous 7/ : -68 0 0 0 Total use : 10,476 10,575 10,420 10,420 Ending stocks : 1,698 1,628 1,377 1,388 : Stocks to use ratio : 16.2 15.4 13.2 13.3 ====================================================================== 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 only U.S. commitments under current trade agreements, minus shortfall of 70,000 tons. The Secretary will establish the actual level of the TRQ at a later date. 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ 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-449-17 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2007/08 Projections Item : 2005/06 : 2006/07 :=============================== : : Est. : July August =============================================================================== : Million acres Area : Planted : 14.25 15.27 11.06 * 11.06 Harvested : 13.80 12.73 10.50 * 10.64 : : Pounds Yield per harvested : acre : 831 814 800 * 783 : : Million 480 pound bales : Beginning stocks 2/ : 5.50 6.05 9.80 9.70 Production : 23.89 21.59 17.50 17.35 Imports : 0.03 0.02 0.02 0.02 Supply, total : 29.41 27.66 27.32 27.07 Domestic use : 5.87 4.95 4.40 4.60 Exports : 18.04 13.00 17.00 16.70 Use, total : 23.91 17.95 21.40 21.30 Unaccounted 3/ : -0.55 0.01 0.02 -0.03 Ending stocks : 6.05 9.70 5.90 5.80 : Avg. farm price 4/ : 47.7 47.3 5/ 5/ =============================================================================== Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Based on Bureau of Census data. 3/ Reflects the difference between the previous season's supply less total use and ending stocks based on Bureau of Census data. 4/ Cents per pound. The 2006/07 price is a weighted average price for upland cotton for August-June. 5/ USDA is prohibited by law from publishing cotton price projections. *For July, planted area reported in June 29 "Acreage." Harvested area based on 1997-2006 average abandonment by State, adjusted to reflect area not planted due to adverse conditions. July projected yield per harvested acre based on 2004-2006 average yields by State, adjusted for drought conditions in the Southeast. 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 2007/08 is 27.8 percent. WASDE-449-18 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/ : 151.01 622.64 109.72 111.91 624.49 115.44 149.16 United States : 14.70 57.28 2.21 4.36 31.36 27.29 15.55 Total foreign : 136.31 565.36 107.50 107.55 593.13 88.14 133.62 Major exporters 4/ : 42.66 199.00 7.12 71.72 148.09 57.37 43.32 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 26.78 0.28 4.97 9.17 16.10 9.71 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 : 14.05 91.93 4.73 23.11 75.23 20.31 15.17 Russia : 3.89 47.70 1.28 14.90 38.40 10.66 3.81 Kazakhstan : 3.64 11.00 0.04 2.70 7.40 3.00 4.28 Ukraine : 2.61 18.70 0.07 2.90 12.50 6.46 2.41 : : 2006/07 (Estimated) : World 3/ : 149.16 592.98 109.27 106.11 617.25 107.38 124.90 United States : 15.55 49.32 3.32 3.65 31.05 24.73 12.40 Total foreign : 133.62 543.67 105.96 102.46 586.20 82.65 112.49 Major exporters 4/ : 43.32 175.16 5.88 70.08 147.25 52.20 24.91 Argentina : 0.50 15.20 0.01 0.08 4.90 10.50 0.31 Australia : 9.73 9.90 0.08 4.80 7.50 9.00 3.20 Canada : 9.71 25.27 0.30 4.80 9.15 19.20 6.92 EU-27 5/ : 23.38 124.80 5.50 60.40 125.70 13.50 14.48 Major importers 6/ : 60.16 170.58 52.95 7.63 218.92 5.17 59.61 Brazil : 1.33 2.23 7.60 0.10 10.40 0.04 0.73 China : 34.89 104.00 0.45 4.00 101.00 2.78 35.56 Select. Mideast 7/ : 6.78 20.04 9.80 1.50 29.59 0.55 6.48 N. Africa 8/ : 10.51 18.53 15.30 0.30 33.93 0.22 10.19 Pakistan : 3.26 21.70 0.10 0.40 21.90 0.20 2.96 Southeast Asia 9/ : 2.00 0.00 10.40 0.92 9.90 0.40 2.11 Selected other : India : 2.00 69.35 6.70 0.30 74.35 0.20 3.50 FSU-12 : 15.17 85.94 5.02 21.41 73.20 19.71 13.22 Russia : 3.81 44.90 1.20 14.10 36.60 10.70 2.61 Kazakhstan : 4.28 13.50 0.02 2.70 7.80 6.00 4.00 Ukraine : 2.41 14.00 0.40 2.10 11.70 2.80 2.31 =============================================================================== 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-449-19 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/ : July : 124.15 612.27 105.22 103.30 619.87 107.57 116.55 August : 124.90 610.40 105.92 102.69 620.51 108.75 114.78 United States : July : 12.40 58.19 2.72 5.85 33.37 28.58 11.38 August : 12.40 57.53 2.72 4.90 32.41 29.26 10.99 Total foreign : July : 111.75 554.07 102.50 97.45 586.50 78.99 105.18 August : 112.49 552.86 103.20 97.80 588.10 79.49 103.79 Major exporters 4/ : July : 24.69 186.13 6.35 65.68 143.20 51.00 22.97 August : 24.91 183.43 6.85 65.98 143.40 51.00 20.79 Argentina Jul : 0.31 14.00 0.00 0.08 4.90 9.00 0.41 Aug : 0.31 14.00 0.00 0.08 4.90 9.00 0.41 Australia Jul : 3.00 23.00 0.08 4.00 6.70 15.00 4.38 Aug : 3.20 23.00 0.08 4.00 6.70 15.50 4.08 Canada Jul : 6.90 22.50 0.28 4.60 9.10 15.00 5.57 Aug : 6.92 21.50 0.28 4.40 8.90 15.00 4.80 EU-27 5/ Jul : 14.48 126.63 6.00 57.00 122.50 12.00 12.61 Aug : 14.48 124.93 6.50 57.50 122.90 11.50 11.51 Major importers 6/ : July : 59.13 169.97 53.40 7.19 219.10 5.22 58.18 August : 59.61 169.77 53.40 7.09 219.50 5.22 58.06 Brazil Jul : 0.62 3.80 6.80 0.20 10.50 0.01 0.71 Aug : 0.73 3.60 6.80 0.10 10.40 0.01 0.72 China Jul : 35.84 105.00 0.50 4.00 100.50 2.50 38.34 Aug : 35.56 105.00 0.50 4.00 100.50 2.50 38.06 Sel. Mideast 7/Jul : 6.48 20.27 9.65 1.10 29.64 0.55 6.22 Aug : 6.48 20.27 9.65 1.10 29.64 0.55 6.22 N. Africa 8/ Jul : 9.99 13.78 16.95 0.15 33.88 0.16 6.69 Aug : 10.19 13.78 16.95 0.15 34.18 0.16 6.59 Pakistan Jul : 3.01 23.00 0.15 0.40 22.40 0.60 3.16 Aug : 2.96 23.00 0.15 0.40 22.40 0.60 3.11 SE Asia 9/ Jul : 1.81 0.00 10.25 0.94 9.95 0.43 1.69 Aug : 2.11 0.00 10.25 0.94 10.15 0.43 1.79 Selected other : India Jul : 3.50 73.70 3.00 0.20 75.65 0.05 4.50 Aug : 3.50 74.89 3.00 0.20 75.85 0.05 5.49 FSU-12 Jul : 13.55 84.29 4.35 21.28 72.20 18.65 11.34 Aug : 13.22 85.54 4.35 21.48 72.60 19.15 11.37 Russia Jul : 2.61 45.00 1.20 14.20 36.20 10.50 2.11 Aug : 2.61 45.50 1.20 14.20 36.20 11.00 2.11 Kazakhstan Jul : 4.50 13.50 0.02 2.70 7.80 6.50 3.72 Aug : 4.00 14.00 0.02 2.70 7.80 6.50 3.72 Ukraine Jul : 2.19 13.00 0.01 2.10 11.50 1.50 2.20 Aug : 2.31 13.30 0.01 2.30 11.90 1.50 2.22 =============================================================================== 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-449-20 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/ : 177.90 978.31 104.45 635.96 992.49 107.02 163.72 United States : 58.80 298.76 2.05 163.33 245.07 59.77 54.77 Total foreign : 119.10 679.55 102.39 472.62 747.41 47.25 108.95 Major exporters 4/ : 13.63 66.14 3.09 36.26 49.17 20.26 13.44 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 : 6.34 25.94 1.99 19.35 23.86 4.08 6.33 Major importers 5/ : 47.57 216.53 77.49 218.30 293.31 5.65 42.63 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 16.57 4.41 14.57 20.33 0.20 2.14 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/ : 163.72 979.07 106.88 631.25 1012.90 110.20 129.89 United States : 54.77 280.11 2.48 152.23 247.61 57.63 32.11 Total foreign : 108.95 698.96 104.40 479.02 765.29 52.57 97.78 Major exporters 4/ : 13.44 63.37 3.40 35.56 49.45 23.66 7.09 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 : 6.33 23.15 2.07 19.03 24.14 3.80 3.61 Major importers 5/ : 42.63 212.62 80.91 217.61 293.40 5.34 37.43 EU-27 6/ : 22.64 138.69 6.27 106.11 144.61 4.66 18.33 Japan : 1.74 0.18 19.19 14.86 19.79 0.00 1.32 Mexico : 3.34 28.73 10.70 22.88 39.38 0.00 3.39 N. Afr & Mideast 7/: 7.38 27.49 19.59 39.82 47.08 0.30 7.08 Saudi Arabia : 3.25 0.20 7.30 7.63 7.81 0.00 2.94 Southeast Asia 8/ : 2.14 16.96 4.06 14.76 20.52 0.39 2.25 South Korea : 1.36 0.33 9.27 7.25 9.63 0.00 1.32 Selected other : Brazil : 3.17 52.56 0.61 37.08 44.31 7.53 4.50 China : 35.81 153.56 1.43 104.69 152.82 4.60 33.38 FSU-12 : 5.47 58.55 0.79 35.47 51.04 8.29 5.48 Russia : 1.33 30.20 0.50 18.70 28.70 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-449-21 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/ : July : 130.88 1065.63 105.23 643.38 1059.21 105.45 137.29 August : 129.89 1059.83 109.03 643.38 1058.85 108.93 130.86 United States : July : 32.11 343.77 2.64 152.92 280.94 55.33 42.25 August : 32.11 350.14 2.64 154.19 282.21 60.16 42.52 Total foreign : July : 98.77 721.85 102.59 490.46 778.27 50.12 95.05 August : 97.78 709.69 106.39 489.19 776.64 48.77 88.35 Major exporters 4/ : July : 7.59 80.69 2.05 37.63 52.65 27.32 10.36 August : 7.09 80.19 2.05 37.43 52.45 27.02 9.86 Argentina Jul : 2.17 28.97 0.00 8.11 10.87 17.31 2.97 Aug : 1.67 28.97 0.00 8.11 10.87 17.31 2.47 Australia Jul : 1.04 12.81 0.00 5.47 6.75 5.44 1.66 Aug : 1.04 12.81 0.00 5.47 6.75 5.44 1.66 Canada Jul : 3.61 27.94 1.67 19.44 25.56 3.80 3.86 Aug : 3.61 27.44 1.67 19.24 25.36 3.50 3.86 Major importers 5/ : July : 37.21 218.32 80.85 222.62 299.34 4.45 32.59 August : 37.43 211.72 84.55 224.03 300.76 4.45 28.49 EU-27 6/ Jul : 18.33 144.76 3.97 107.55 146.95 4.11 16.00 Aug : 18.33 138.17 7.47 108.66 148.06 4.11 11.79 Japan Jul : 1.32 0.17 18.89 14.41 19.24 0.00 1.14 Aug : 1.32 0.17 18.89 14.41 19.24 0.00 1.14 Mexico Jul : 3.39 29.38 13.30 25.98 42.68 0.03 3.36 Aug : 3.39 29.38 13.30 25.98 42.68 0.03 3.36 N Afr/M.East 7/Jul : 6.88 26.25 19.48 39.92 47.01 0.05 5.55 Aug : 7.08 26.25 19.68 40.22 47.31 0.05 5.65 Saudi Arabia Jul : 2.94 0.20 7.40 7.73 7.91 0.00 2.63 Aug : 2.94 0.20 7.40 7.73 7.91 0.00 2.63 S.-east Asia 8/Jul : 2.30 17.17 4.21 15.56 21.42 0.26 2.00 Aug : 2.25 17.17 4.21 15.56 21.42 0.26 1.95 South Korea Jul : 1.32 0.32 9.17 7.15 9.53 0.00 1.28 Aug : 1.32 0.32 9.17 7.15 9.53 0.00 1.28 Selected other : Brazil Jul : 5.50 52.86 0.56 37.78 45.01 6.53 7.38 Aug : 4.50 52.86 0.56 37.78 45.01 7.03 5.88 China Jul : 33.38 156.40 2.13 106.71 158.45 3.04 30.42 Aug : 33.38 156.40 1.93 106.71 158.25 3.04 30.42 FSU-12 Jul : 5.48 55.16 0.56 35.70 50.94 5.60 4.65 Aug : 5.48 52.50 0.71 34.55 49.78 4.90 4.00 Russia Jul : 1.63 30.80 0.28 18.95 28.93 1.90 1.88 Aug : 1.63 29.80 0.43 18.55 28.53 1.70 1.63 Ukraine Jul : 2.33 15.41 0.02 10.15 13.21 3.01 1.54 Aug : 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-449-22 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/ : 130.76 696.18 79.41 476.31 704.02 80.89 122.91 United States : 53.70 282.31 0.22 156.34 232.06 54.20 49.97 Total foreign : 77.06 413.86 79.18 319.97 471.96 26.69 72.94 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/ : 17.99 103.17 47.86 105.16 149.70 0.83 18.48 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 16.48 4.40 14.50 20.25 0.17 2.12 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/ : 122.91 702.16 84.90 474.28 724.87 86.93 100.20 United States : 49.97 267.60 0.25 146.06 235.60 53.34 28.88 Total foreign : 72.94 434.56 84.65 328.23 489.28 33.59 71.32 Major exporters 4/ : 3.46 29.00 1.20 9.10 15.50 16.30 1.86 Argentina : 1.16 22.50 0.00 4.80 6.70 15.80 1.16 South Africa : 2.31 6.50 1.20 4.30 8.80 0.50 0.71 Major importers 5/ : 18.48 100.10 52.25 105.80 150.68 0.86 19.30 Egypt : 0.65 5.94 4.60 8.50 10.50 0.00 0.69 EU-27 6/ : 9.93 55.19 5.30 44.60 59.20 0.50 10.72 Japan : 0.95 0.00 16.20 11.90 16.50 0.00 0.65 Mexico : 2.71 22.00 8.50 14.70 30.30 0.00 2.91 Southeast Asia 7/ : 2.12 16.87 4.05 14.70 20.45 0.36 2.22 South Korea : 1.36 0.07 9.20 7.20 9.30 0.00 1.32 Selected other : Brazil : 3.02 50.00 0.35 35.00 41.50 7.50 4.37 Canada : 2.00 8.99 2.00 8.40 11.30 0.25 1.44 China : 35.26 145.00 0.10 103.00 143.00 4.50 32.86 FSU-12 : 1.63 12.70 0.45 10.34 11.95 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-449-23 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/ : July : 100.95 777.10 82.33 483.63 769.70 82.75 108.36 August : 100.20 771.50 85.33 483.25 769.48 86.01 102.23 United States : July : 28.88 326.15 0.38 144.79 266.46 50.80 38.15 August : 28.88 331.58 0.38 146.06 267.73 54.61 38.50 Total foreign : July : 72.07 450.95 81.95 338.84 503.24 31.95 70.20 August : 71.32 439.92 84.95 337.19 501.75 31.40 63.73 Major exporters 4/ : July : 2.16 34.50 0.25 9.55 16.00 16.75 4.16 August : 1.86 34.50 0.25 9.55 16.00 16.75 3.86 Argentina Jul : 1.46 24.00 0.00 5.20 7.10 16.00 2.36 Aug : 1.16 24.00 0.00 5.20 7.10 16.00 2.06 South Africa Jul : 0.71 10.50 0.25 4.35 8.90 0.75 1.81 Aug : 0.71 10.50 0.25 4.35 8.90 0.75 1.81 Major importers 5/ : July : 19.08 101.58 51.70 110.10 155.68 0.56 16.13 August : 19.30 94.78 54.40 110.40 155.98 0.56 11.94 Egypt Jul : 0.49 5.98 4.30 8.30 10.40 0.00 0.37 Aug : 0.69 5.98 4.50 8.60 10.70 0.00 0.47 EU-27 6/ Jul : 10.72 55.23 3.50 45.80 60.80 0.30 8.35 Aug : 10.72 48.43 6.00 45.80 60.80 0.30 4.05 Japan Jul : 0.65 0.00 16.10 11.70 16.20 0.00 0.55 Aug : 0.65 0.00 16.10 11.70 16.20 0.00 0.55 Mexico Jul : 2.91 23.20 10.20 17.50 33.30 0.03 2.98 Aug : 2.91 23.20 10.20 17.50 33.30 0.03 2.98 S.-east Asia 7/Jul : 2.27 17.08 4.20 15.50 21.35 0.24 1.97 Aug : 2.22 17.08 4.20 15.50 21.35 0.24 1.92 South Korea Jul : 1.32 0.06 9.10 7.10 9.20 0.00 1.28 Aug : 1.32 0.06 9.10 7.10 9.20 0.00 1.28 Selected other : Brazil Jul : 5.37 50.00 0.30 35.50 42.00 6.50 7.17 Aug : 4.37 50.00 0.30 35.50 42.00 7.00 5.67 Canada Jul : 1.44 11.20 1.60 8.70 12.60 0.20 1.44 Aug : 1.44 11.20 1.60 8.70 12.60 0.20 1.44 China Jul : 32.86 148.00 0.10 105.00 148.00 3.00 29.96 Aug : 32.86 148.00 0.10 105.00 148.00 3.00 29.96 FSU-12 Jul : 1.70 13.48 0.25 10.94 12.37 1.83 1.23 Aug : 1.70 12.18 0.40 10.34 11.77 1.63 0.88 Ukraine Jul : 1.07 6.50 0.00 5.00 5.60 1.50 0.47 Aug : 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-449-24 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/ : 75.02 418.04 26.15 415.51 30.05 77.55 United States : 1.21 7.11 0.54 3.84 3.66 1.37 Total foreign : 73.81 410.93 25.60 411.67 26.39 76.18 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 : 0.91 4.77 0.22 4.85 0.13 0.91 : : 2006/07 (Estimated) World 3/ : 77.55 418.07 28.65 418.21 29.36 77.41 United States : 1.37 6.24 0.67 3.93 3.00 1.35 Total foreign : 76.18 411.83 27.98 414.28 26.36 76.06 Major exporters 4/ : 15.73 138.91 0.46 117.86 20.90 16.34 India : 10.52 92.76 0.00 87.35 4.50 11.43 Pakistan : 0.30 5.20 0.00 2.14 3.10 0.26 Thailand : 3.59 18.25 0.01 9.87 8.60 3.38 Vietnam : 1.32 22.70 0.45 18.50 4.70 1.27 Major importers 5/ : 13.60 58.82 11.91 70.44 0.33 13.57 Brazil : 1.11 7.70 0.85 8.95 0.13 0.59 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 10.05 1.80 11.55 0.00 5.59 Sel. Mideast 7/ : 2.09 2.58 3.55 5.53 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 0.70 127.80 1.40 36.28 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 : 0.91 4.68 0.27 4.84 0.15 0.87 =============================================================================== 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-449-25 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/ : July : 75.58 420.81 27.43 424.40 29.79 71.99 August : 77.41 421.19 27.68 424.77 29.84 73.83 United States : July : 1.35 6.08 0.68 3.99 3.26 0.86 August : 1.35 6.09 0.68 3.99 3.26 0.87 Total foreign : July : 74.23 414.73 26.74 420.41 26.53 71.13 August : 76.06 415.10 26.99 420.78 26.58 72.96 Major exporters 4/ : July : 14.77 138.29 0.46 119.68 21.00 12.84 August : 16.34 138.69 0.46 119.58 21.00 14.91 India Jul : 9.72 91.50 0.00 89.12 4.10 8.00 Aug : 11.43 92.00 0.00 89.12 4.10 10.21 Pakistan Jul : 0.26 5.40 0.00 2.21 3.20 0.25 Aug : 0.26 5.30 0.00 2.11 3.20 0.25 Thailand Jul : 3.52 18.40 0.01 9.60 9.00 3.33 Aug : 3.38 18.40 0.01 9.60 9.00 3.19 Vietnam Jul : 1.27 22.99 0.45 18.75 4.70 1.26 Aug : 1.27 22.99 0.45 18.75 4.70 1.26 Major importers 5/ : July : 13.33 59.75 11.38 71.58 0.27 12.61 August : 13.57 59.72 11.38 72.04 0.27 12.35 Brazil Jul : 0.59 7.85 0.95 8.90 0.10 0.39 Aug : 0.59 7.85 0.95 8.90 0.10 0.39 EU-27 6/ Jul : 1.13 1.69 1.10 2.75 0.15 1.03 Aug : 1.13 1.66 1.10 2.75 0.15 0.99 Indonesia Jul : 2.60 34.00 1.60 36.00 0.00 2.20 Aug : 2.86 34.00 1.60 36.15 0.00 2.31 Nigeria Jul : 0.60 3.00 1.70 4.70 0.00 0.60 Aug : 0.60 3.00 1.70 4.70 0.00 0.60 Philippines Jul : 5.61 10.01 1.80 11.75 0.00 5.67 Aug : 5.59 10.01 1.80 12.06 0.00 5.34 Sel. Mideast 7/Jul : 2.64 2.65 3.16 5.86 0.02 2.57 Aug : 2.64 2.65 3.16 5.86 0.02 2.57 Selected other : Burma Jul : 0.70 10.66 0.00 10.70 0.10 0.56 Aug : 0.70 10.66 0.00 10.70 0.10 0.56 C. Am & Car. 8/Jul : 0.22 0.07 0.40 0.49 0.00 0.19 Aug : 0.22 0.07 0.40 0.49 0.00 0.19 China Jul : 36.28 129.70 0.90 129.10 1.50 36.28 Aug : 36.28 129.70 0.90 129.10 1.50 36.28 Egypt Jul : 0.62 4.41 0.00 3.47 1.10 0.45 Aug : 0.62 4.41 0.00 3.47 1.10 0.45 Japan Jul : 2.38 7.94 0.70 8.15 0.20 2.67 Aug : 2.38 7.94 0.70 8.15 0.20 2.67 Mexico Jul : 0.18 0.20 0.63 0.80 0.00 0.20 Aug : 0.18 0.20 0.63 0.80 0.00 0.20 South Korea Jul : 0.92 4.60 0.27 4.76 0.10 0.92 Aug : 0.87 4.60 0.27 4.76 0.15 0.82 =============================================================================== 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-449-26 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 : 56.21 115.73 44.06 116.36 44.69 -2.79 57.75 United States : 5.50 23.89 0.03 5.87 18.04 -0.55 6.05 Total foreign : 50.72 91.84 44.04 110.49 26.65 -2.24 51.70 Major exporters 4/ : 22.43 43.71 1.54 25.44 22.14 -0.24 20.35 Central Asia 5/ : 2.36 8.37 3/ 1.46 7.00 0.00 2.28 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/ : 25.85 44.57 40.05 80.50 2.83 -2.01 29.15 Mexico : 1.32 0.64 1.74 2.10 0.25 0.03 1.32 China : 14.06 27.50 19.28 45.00 0.04 -2.20 18.01 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 3.38 6.90 0.13 0.00 1.70 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 : 57.75 119.25 36.87 122.72 37.07 -3.78 57.86 United States : 6.05 21.59 0.02 4.95 13.00 0.01 9.70 Total foreign : 51.70 97.66 36.85 117.77 24.07 -3.79 48.16 Major exporters 4/ : 20.35 45.65 1.86 27.60 20.37 -0.19 20.08 Central Asia 5/ : 2.28 8.25 3/ 1.40 6.84 0.00 2.29 Afr. Fr. Zone 6/ : 1.48 3.79 3/ 0.19 3.93 0.00 1.15 S. Hemis. 7/ : 6.75 9.62 0.96 5.71 4.11 -0.20 7.71 Australia : 1.94 1.10 3/ 0.06 2.15 -0.07 0.91 Brazil : 3.82 7.00 0.55 4.50 1.30 -0.15 5.72 India : 8.26 21.80 0.35 18.50 4.40 0.00 7.51 Major importers 8/ : 29.15 48.88 32.40 85.67 2.31 -3.61 26.06 Mexico : 1.32 0.65 1.40 2.10 0.18 0.03 1.07 China : 18.01 32.50 10.80 50.00 0.09 -3.80 15.02 EU-27 9/ : 1.20 1.61 2.05 2.39 1.58 0.06 0.84 Russia : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Turkey : 1.70 4.02 3.60 7.20 0.08 0.00 2.04 Pakistan : 4.41 9.90 2.20 11.80 0.25 0.03 4.44 Indonesia : 0.37 0.03 2.20 2.18 0.02 0.05 0.35 Thailand : 0.40 0.05 2.10 2.05 0.00 0.03 0.47 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-449-27 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 : July : 57.32 115.79 41.30 127.16 40.81 -4.33 50.78 August : 57.86 115.92 41.06 127.78 40.58 -5.03 51.52 United States : July : 9.80 17.50 0.02 4.40 17.00 0.02 5.90 August : 9.70 17.35 0.02 4.60 16.70 -0.03 5.80 Total foreign : July : 47.52 98.29 41.28 122.76 23.81 -4.35 44.88 August : 48.16 98.57 41.04 123.18 23.88 -5.00 45.72 Major exporters 4/ : July : 19.48 45.78 1.60 28.70 20.10 -0.04 18.09 August : 20.08 46.31 1.75 29.12 20.27 -0.19 18.93 Central Asia 5/Jul : 2.22 8.18 3/ 1.37 6.88 0.00 2.14 Aug : 2.29 8.34 3/ 1.39 6.99 0.00 2.26 Afr. Fr. Zn. 6/Jul : 1.15 3.77 3/ 0.19 3.66 0.00 1.07 Aug : 1.15 3.45 3/ 0.19 3.46 0.00 0.94 S. Hemis 7/ Jul : 7.51 8.48 0.65 5.35 4.61 -0.05 6.73 Aug : 7.71 8.68 0.80 5.75 4.78 -0.20 6.87 Australia Jul : 0.91 0.90 3/ 0.05 1.20 -0.07 0.63 Aug : 0.91 0.90 3/ 0.05 1.20 -0.07 0.63 Brazil Jul : 5.47 6.00 0.25 4.10 2.70 0.00 4.92 Aug : 5.72 6.20 0.40 4.50 2.90 -0.15 5.07 India Jul : 7.36 22.50 0.40 20.00 3.50 0.00 6.76 Aug : 7.51 23.00 0.40 20.00 3.60 0.00 7.31 Major importers 8/ : July : 26.02 49.17 37.22 89.65 2.24 -4.32 24.84 August : 26.06 48.92 36.83 89.66 2.14 -4.82 24.83 Mexico Jul : 1.12 0.68 1.50 2.05 0.20 0.03 1.03 Aug : 1.07 0.68 1.50 2.05 0.20 0.03 0.98 China Jul : 15.09 32.50 16.50 54.00 0.05 -4.50 14.54 Aug : 15.02 32.50 16.00 54.00 0.05 -5.00 14.47 EU-27 9/ Jul : 0.84 1.69 1.88 2.15 1.49 0.05 0.72 Aug : 0.84 1.54 1.89 2.16 1.39 0.05 0.67 Russia Jul : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Aug : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Turkey Jul : 2.04 3.70 3.45 7.30 0.08 0.00 1.81 Aug : 2.04 3.60 3.50 7.30 0.08 0.00 1.76 Pakistan Jul : 4.29 10.40 1.80 12.00 0.30 0.03 4.16 Aug : 4.44 10.40 1.80 12.00 0.30 0.03 4.31 Indonesia Jul : 0.35 0.03 2.25 2.20 0.02 0.05 0.36 Aug : 0.35 0.03 2.25 2.20 0.02 0.05 0.36 Thailand Jul : 0.47 0.04 1.90 1.95 0.00 0.03 0.44 Aug : 0.47 0.04 1.90 1.95 0.00 0.03 0.44 Bangladesh Jul : 0.52 0.07 2.40 2.50 0.00 0.01 0.49 Aug : 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-449-28 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/ : 48.45 220.56 64.14 185.11 215.27 63.97 53.91 United States : 6.96 83.37 0.09 47.32 52.61 25.58 12.23 Total foreign : 41.49 137.19 64.05 137.79 162.66 38.39 41.68 Major exporters 3/ : 33.89 101.14 0.66 61.39 65.87 35.63 34.19 Argentina : 16.96 40.50 0.58 31.89 33.34 7.25 17.45 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/ : 53.91 236.07 68.89 193.56 223.60 70.75 64.52 United States : 12.23 86.77 0.11 48.85 53.51 29.94 15.66 Total foreign : 41.68 149.30 68.78 144.71 170.09 40.81 48.86 Major exporters 3/ : 34.19 112.70 1.76 64.45 69.04 37.50 42.11 Argentina : 17.45 47.20 1.70 33.30 34.81 8.00 23.55 Brazil : 16.73 59.00 0.05 29.70 32.65 24.60 18.54 Major importers 4/ : 5.94 18.77 56.38 59.45 75.15 0.48 5.46 China : 4.47 16.20 28.75 35.70 45.83 0.41 3.18 EU-27 : 0.97 1.24 15.80 14.71 16.18 0.05 1.79 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/ : July : 64.17 222.05 75.31 203.44 234.17 75.49 51.87 August : 64.52 221.62 74.09 202.80 233.21 75.38 51.63 United States : July : 16.34 71.44 0.11 48.99 53.47 27.76 6.67 August : 15.66 71.45 0.11 48.99 53.47 27.76 5.99 Total foreign : July : 47.83 150.61 75.20 154.45 180.71 47.73 45.20 August : 48.86 150.17 73.98 153.82 179.75 47.62 45.64 Major exporters 3/ : July : 41.59 114.20 1.87 69.25 74.01 44.49 39.17 August : 42.11 114.20 1.87 69.27 73.97 44.49 39.72 Argentina Jul : 22.93 47.00 1.80 38.50 40.08 10.20 21.46 Aug : 23.55 47.00 1.80 38.50 40.08 10.20 22.07 Brazil Jul : 18.54 61.00 0.06 29.30 32.28 29.69 17.63 Aug : 18.54 61.00 0.06 29.30 32.28 29.69 17.63 Major importers 4/ : July : 4.94 17.97 61.44 63.01 79.16 0.52 4.67 August : 5.46 17.57 60.64 62.67 78.67 0.42 4.58 China Jul : 3.43 15.60 34.50 39.70 50.00 0.45 3.08 Aug : 3.18 15.20 33.50 38.20 48.45 0.35 3.08 EU-27 Jul : 1.02 1.05 14.88 14.44 15.89 0.05 1.01 Aug : 1.79 1.05 14.88 15.30 16.75 0.05 0.92 Japan Jul : 0.27 0.23 4.15 2.93 4.33 0.00 0.32 Aug : 0.27 0.23 4.15 2.93 4.33 0.00 0.32 Mexico Jul : 0.04 0.10 3.95 4.01 4.05 0.00 0.04 Aug : 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-449-29 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/ : 5.93 145.62 50.63 145.68 51.42 5.09 United States : 0.16 37.42 0.13 30.11 7.30 0.29 Total foreign : 5.78 108.20 50.51 115.57 44.11 4.80 Major exporters 3/ : 3.40 51.63 0.20 11.71 40.77 2.75 Argentina : 0.94 25.02 0.00 0.57 24.19 1.20 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/ : 5.09 152.41 52.57 151.55 53.38 5.13 United States : 0.29 38.58 0.15 30.98 7.76 0.27 Total foreign : 4.80 113.83 52.42 120.57 45.63 4.86 Major exporters 3/ : 2.75 54.57 0.23 12.74 41.90 2.90 Argentina : 1.20 26.25 0.00 0.60 25.71 1.15 Brazil : 1.12 23.05 0.23 10.20 12.66 1.54 India : 0.43 5.27 0.00 1.95 3.54 0.21 Major importers 4/ : 1.06 41.20 30.02 69.88 1.34 1.06 EU-27 : 0.87 11.53 23.30 34.21 0.62 0.87 China : 0.00 28.25 0.15 27.72 0.69 0.00 : : 2007/08 (Projected) World 2/ : July : 5.17 160.38 55.39 159.41 56.11 5.42 August : 5.13 159.79 55.61 159.12 56.03 5.38 United States : July : 0.27 38.86 0.15 31.39 7.62 0.27 August : 0.27 38.86 0.15 31.53 7.48 0.27 Total foreign : July : 4.90 121.52 55.24 128.02 48.49 5.15 August : 4.86 120.93 55.46 127.59 48.55 5.11 Major exporters 3/ : July : 2.90 58.37 0.22 13.49 44.81 3.20 August : 2.90 58.37 0.22 13.49 44.81 3.20 Argentina Jul : 1.15 30.23 0.00 0.64 29.34 1.40 Aug : 1.15 30.23 0.00 0.64 29.34 1.40 Brazil Jul : 1.54 22.74 0.22 10.88 12.00 1.62 Aug : 1.54 22.74 0.22 10.88 12.00 1.62 India Jul : 0.21 5.41 0.00 1.98 3.47 0.18 Aug : 0.21 5.41 0.00 1.98 3.47 0.18 Major importers 4/ : July : 1.06 44.12 30.98 73.87 1.24 1.04 August : 1.06 43.76 31.68 74.21 1.24 1.04 EU-27 Jul : 0.87 11.37 23.60 34.32 0.65 0.86 Aug : 0.87 12.00 24.20 35.56 0.65 0.86 China Jul : 0.00 31.48 0.50 31.43 0.55 0.00 Aug : 0.00 30.25 0.50 30.20 0.55 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-449-30 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/ : 2.89 34.48 8.93 33.55 9.82 2.93 United States : 0.77 9.25 0.02 8.15 0.52 1.37 Total foreign : 2.12 25.23 8.91 25.41 9.30 1.56 Major exporters 3/ : 0.99 13.80 0.74 6.40 8.33 0.80 Argentina : 0.34 5.95 0.00 0.40 5.60 0.30 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/ : 2.93 35.73 9.64 35.41 10.05 2.85 United States : 1.37 9.22 0.01 8.46 0.75 1.39 Total foreign : 1.56 26.51 9.63 26.95 9.30 1.46 Major exporters 3/ : 0.80 14.52 0.93 7.13 8.30 0.83 Argentina : 0.30 6.23 0.00 0.54 5.70 0.29 Brazil : 0.31 5.68 0.01 3.29 2.37 0.33 EU-27 : 0.19 2.62 0.93 3.30 0.23 0.20 Major importers 4/ : 0.37 7.58 3.54 11.03 0.13 0.33 China : 0.20 6.38 2.00 8.29 0.11 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/ : July : 2.74 37.55 10.07 37.60 10.43 2.34 August : 2.85 37.44 10.34 37.78 10.42 2.42 United States : July : 1.33 9.27 0.02 9.03 0.64 0.96 August : 1.39 9.27 0.02 9.03 0.64 1.01 Total foreign : July : 1.41 28.29 10.06 28.57 9.79 1.39 August : 1.46 28.17 10.33 28.75 9.79 1.41 Major exporters 3/ : July : 0.78 15.36 1.06 7.60 8.82 0.77 August : 0.83 15.51 1.06 7.78 8.82 0.79 Argentina Jul : 0.25 7.15 0.00 0.73 6.40 0.27 Aug : 0.29 7.15 0.00 0.75 6.40 0.29 Brazil Jul : 0.33 5.63 0.01 3.47 2.20 0.30 Aug : 0.33 5.63 0.01 3.47 2.20 0.30 EU-27 Jul : 0.20 2.58 1.05 3.41 0.23 0.20 Aug : 0.20 2.74 1.05 3.56 0.23 0.20 Major importers 4/ : July : 0.33 8.34 3.63 11.86 0.07 0.36 August : 0.33 8.08 3.88 11.87 0.07 0.34 China Jul : 0.18 7.11 2.00 9.02 0.05 0.22 Aug : 0.18 6.85 2.25 9.03 0.05 0.20 India Jul : 0.14 1.22 1.58 2.78 0.02 0.14 Aug : 0.14 1.22 1.58 2.78 0.02 0.14 Pakistan Jul : 0.00 0.01 0.05 0.06 0.00 0.00 Aug : 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-449-31 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 : III : 6834 5087 11999 8884 1419 10429 22428 1894 44.7 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 9011 1473 10612 22468 1866 47.4 III*: 6835 5250 12164 9050 1450 10620 22784 1900 45.5 IV*: 6330 5875 12289 9050 1490 10655 22944 1930 45.4 Annual : Jul Proj : 26070 21646 48049 35699 5825 41999 90048 7536 184.3 Aug Proj : 26049 21649 48029 35685 5823 41986 90015 7557 184.3 : 2008 : I*: 6200 5450 11737 8850 1425 10395 22132 1885 47.3 II*: 6700 5300 12081 9250 1490 10870 22951 1890 48.4 Annual : Jul Proj : 26315 21975 48619 36525 5875 42895 91514 7685 188.4 Aug Proj : 26100 21975 48404 36525 5875 42895 91299 7685 188.6 =============================================================================== * 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 : III : 85.40 51.83 67.8 79.4 64.0 12.23 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*: 88-90 50-52 79-81 87-89 108-112 21.95-22.25 IV*: 87-93 45-47 74-78 89-95 102-108 21.30-21.90 Annual : Jul Proj : 89-92 49-50 77-79 80-82 94-97 19.00-19.30 Aug Proj : 90-92 48-49 77-79 81-83 102-104 19.15-19.35 : 2008 : I*: 86-94 45-49 73-79 71-77 95-103 19.75-20.65 II*: 89-97 47-51 74-80 73-79 83-89 18.15-19.15 Annual : Jul Proj : 84-90 46-50 73-79 75-81 89-97 18.20-19.20 Aug Proj : 86-93 46-50 73-79 75-81 89-97 18.25-19.25 =============================================================================== *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-449-32 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. Jul : 630 26175 3200 30005 1334 550 28121 65.0 Aug : 630 26154 3270 30054 1364 550 28140 65.1 2008 Proj. Jul : 550 26420 3300 30270 1580 600 28090 64.4 Aug : 550 26205 3320 30075 1695 600 27780 63.7 : PORK : 2006 : 494 21075 990 22559 2995 514 19050 49.3 2007 Proj. Jul : 514 21666 954 23134 3002 540 19592 50.2 Aug : 514 21669 994 23177 2957 560 19660 50.4 2008 Proj. Jul : 540 21995 955 23490 3095 550 19845 50.4 Aug : 560 21995 1015 23570 3055 560 19955 50.7 : TOTAL RED MEAT 5/ : 2006 : 1080 47679 4265 53024 4158 1166 47700 116.5 2007 Proj. Jul : 1166 48187 4352 53705 4345 1111 48249 116.8 Aug : 1166 48167 4460 53793 4330 1131 48332 117.0 2008 Proj. Jul : 1111 48757 4453 54321 4685 1171 48465 116.3 Aug : 1131 48542 4533 54206 4760 1181 48265 115.9 : BROILERS : 2006 : 924 35369 47 36340 5205 745 30389 87.1 2007 Proj. Jul : 745 35317 60 36122 5250 650 30222 85.8 Aug : 745 35303 60 36107 5250 650 30207 85.7 2008 Proj. Jul : 650 36134 48 36832 5515 775 30542 85.9 Aug : 650 36134 48 36832 5515 775 30542 85.9 : TURKEYS : 2006 : 206 5612 12 5829 547 218 5065 16.9 2007 Proj. Jul : 218 5749 11 5978 554 230 5194 17.2 Aug : 218 5746 11 5976 554 230 5191 17.2 2008 Proj. Jul : 230 5798 12 6040 605 275 5160 16.9 Aug : 230 5798 12 6040 605 275 5160 16.9 : TOTAL POULTRY 6/ : 2006 : 1132 41485 61 42678 5911 969 35798 105.1 2007 Proj. Jul : 969 41540 74 42583 5967 886 35730 104.0 Aug : 969 41527 74 42570 5968 886 35716 103.9 2008 Proj. Jul : 886 42427 63 43375 6270 1056 36049 103.9 Aug : 886 42427 63 43375 6270 1056 36049 103.9 : RED MEAT & POULTRY: 2006 : 2212 89164 4326 95702 10070 2135 83498 221.6 2007 Proj. Jul : 2135 89727 4426 96288 10312 1997 83979 220.8 Aug : 2135 89694 4534 96363 10298 2017 84048 220.9 2008 Proj. Jul : 1997 91184 4516 97696 10955 2227 84514 220.2 Aug : 2017 90969 4596 97581 11030 2237 84314 219.8 ============================================================================ 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-449-33 U.S. Egg Supply and Use =============================================================================== : : : 2007 Projected : 2008 Projected : : :-----------------:----------------- Commodity : 2005 : 2006 : Jul : Aug : Jul : Aug =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 14.5 16.0 12.5 12.5 12.0 12.0 Production : 7509.0 7572.0 7536.0 7557.0 7685.0 7685.0 Imports : 12.9 10.8 13.9 13.9 14.0 14.0 Total supply : 7536.4 7598.8 7562.4 7583.4 7711.0 7711.0 : Use : Exports : 203.3 202.1 255.4 255.4 250.0 250.0 Hatching use : 999.8 994.0 1008.8 1011.4 1010.0 1010.0 Ending stocks : 16.0 12.5 12.0 12.0 12.0 12.0 Disappearance : Total : 6317.3 6390.2 6286.2 6304.6 6439.0 6439.0 Per capita (number) : 255.3 255.7 249.2 250.0 252.9 252.9 =============================================================================== U.S. Milk Supply and Use =============================================================================== : : : 2007 Projected : 2008 Projected Commodity : : :-----------------:----------------- : 2005 : 2006 : Jul : Aug : Jul : Aug =============================================================================== : Billion pounds Milk : Production : 176.9 181.8 184.3 184.3 188.4 188.6 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 8.7 9.3 Marketings : 175.8 180.7 183.1 183.2 187.2 187.4 Imports : 5.0 5.0 4.8 4.8 4.8 4.8 Total cml. supply : 187.9 193.6 197.5 197.5 200.8 201.6 : Fat Basis Use : Ending commercial stks : 8.0 9.5 8.7 9.3 8.0 8.5 CCC net removals 1/ : -0.0 0.0 0.0 0.0 0.0 0.0 Commercial use 2/ : 179.9 184.1 188.8 188.2 192.8 193.1 : Skim-solids Basis Supply : Beg. commercial stocks : 8.2 9.0 9.1 9.1 8.8 8.8 Marketings : 175.8 180.7 183.1 183.2 187.2 187.4 Imports : 4.8 4.8 4.6 4.6 4.7 4.7 Total cml. supply : 188.8 194.4 196.8 196.9 200.7 200.9 : Skim-solids Basis Use : Ending commercial stks : 9.0 9.1 8.8 8.8 8.6 8.6 CCC net removals 1/ : -1.0 0.7 0.0 0.0 0.0 0.0 Commercial use 2/ : 180.8 184.5 188.0 188.1 192.1 192.3 : : 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-449-34 U.S. Dairy Prices =============================================================================== : : : 2007 Projected : 2008 Projected : : :-----------------:------------------ Commodity : 2005 : 2006 : Jul : Aug : Jul : Aug =============================================================================== : Dollars per pound : Product Prices 1/ : Cheese : 1.4875 1.2470 1.675- 1.690- 1.550- 1.565- : 1.705 1.710 1.650 1.665 : Butter : 1.5405 1.2193 1.370- 1.385- 1.335- 1.310- : 1.430 1.425 1.465 1.440 : Nonfat dry milk : 0.9409 0.8928 1.665- 1.675- 1.590- 1.605- : 1.695 1.695 1.660 1.675 : Dry whey : 0.2782 0.3285 0.685- 0.655- 0.650- 0.595- : 0.705 0.675 0.680 0.625 : : Dollars per cwt Milk Prices 2/ : Class III : 14.05 11.89 18.00- 18.00- 16.55- 16.40- : 18.30 18.20 17.55 17.40 : Class IV : 12.87 11.06 18.15- 18.30- 17.45- 17.45- : 18.55 18.60 18.55 18.55 : All milk 3/ : 15.13 12.90 19.00- 19.15- 18.20- 18.25- : 19.30 19.35 19.20 19.25 : =============================================================================== 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-449-35 Note: Tables on pages 35-37 present a 26-year record of the differences between the August projection and the final estimate. Using world wheat production as an example, changes between the August projection and the final estimate have averaged 11.3 million tons (2.1%) ranging from -32.1 to 19.5 million tons. The August projection has been below the estimate 15 times and above 11 times. Reliability of August 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 : 2.1 11.3 -32.1 19.5 15 11 U.S. : 1.9 1.2 -3.4 4.2 10 16 Foreign : 2.3 10.8 -31.1 17.8 15 11 Exports : World : 4.3 4.9 -12.4 10.2 17 9 U.S. : 8.4 2.7 -10.0 7.8 12 13 Foreign : 5.4 4.5 -11.3 7.2 16 10 Domestic use : World : 1.6 8.4 -23.4 15.4 15 11 U.S. : 5.7 1.7 -3.7 3.6 11 15 Foreign : 1.5 7.7 -21.1 14.5 16 10 Ending stocks : World : 7.9 10.4 -28.1 23.7 18 8 U.S. : 13.2 3.1 -11.1 12.6 14 12 Foreign : 8.6 9.0 -24.3 11.2 18 8 : COARSE GRAINS 3/ : Production : World : 2.1 17.7 -51.0 32.7 19 7 U.S. : 4.9 11.0 -22.1 31.4 18 8 Foreign : 2.1 12.6 -28.8 20.0 16 10 Exports : World : 5.5 5.7 -10.9 17.4 17 9 U.S. : 13.9 7.3 -19.7 14.9 11 15 Foreign : 13.4 7.0 -18.1 14.2 16 10 Domestic use : World : 1.5 12.3 -29.4 24.3 13 13 U.S. : 3.7 7.1 -15.9 17.0 18 8 Foreign : 1.5 9.8 -20.2 23.3 16 10 Ending stocks : World : 13.6 18.5 -53.5 30.5 20 6 U.S. : 24.2 11.7 -43.5 22.1 13 13 Foreign : 13.7 11.5 -28.7 17.2 21 5 : RICE, milled : Production : World : 1.9 6.4 -24.4 4.1 17 9 U.S. : 4.7 0.3 -0.6 0.5 15 11 Foreign : 1.9 6.4 -24.7 4.2 18 8 Exports : World : 8.1 1.6 -6.8 0.9 17 9 U.S. : 8.2 0.2 -1.0 0.9 14 10 Foreign : 9.2 1.6 -6.7 0.8 17 9 Domestic use : World : 1.3 4.3 -23.5 3.5 19 7 U.S. : 6.7 0.2 -0.4 0.5 12 14 Foreign : 1.3 4.4 -24.0 3.7 18 8 Ending stocks : World : 10.8 4.9 -14.5 7.9 20 6 U.S. : 23.9 0.3 -0.6 1.0 15 10 Foreign : 11.4 4.9 -15.5 7.5 20 6 =============================================================================== 1/ Footnotes at end of table. CONTINUED WASDE-449-36 Reliability of August 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 : 3.5 5.2 -18.3 17.4 16 10 U.S. : 5.6 3.6 -7.4 11.1 13 13 Foreign : 6.6 5.2 -11.2 15.7 14 12 Exports : World : 6.2 2.4 -9.1 9.1 16 10 U.S. : 10.2 2.2 -6.1 5.5 13 12 Foreign : 17.7 2.3 -9.4 6.0 12 14 Domestic use : World : 3.3 4.4 -8.8 13.2 17 9 U.S. : 4.3 1.7 -3.9 4.1 18 8 Foreign : 4.1 3.9 -7.4 9.1 17 9 Ending stocks : World : 12.8 3.2 -14.7 5.5 14 12 U.S. : 39.7 2.9 -7.3 6.9 9 17 Foreign : 17.8 3.3 -14.3 7.8 16 10 : COTTON : Million 480-pound bales Production : World : 3.6 3.2 -13.2 10.5 15 11 U.S. : 6.4 1.1 -3.1 3.9 16 9 Foreign : 3.8 2.8 -10.7 10.2 14 11 Exports : World : 5.9 1.7 -7.1 6.4 12 14 U.S. : 16.4 1.1 -3.0 3.2 15 11 Foreign : 6.6 1.3 -4.1 3.2 12 14 Mill use : World : 2.5 2.2 -7.5 3.3 12 14 U.S. : 6.6 0.5 -1.2 1.3 14 10 Foreign : 2.7 2.2 -7.1 4.0 13 13 Ending stocks : World : 13.1 4.9 -12.5 14.2 18 8 U.S. : 31.9 1.5 -5.1 3.1 10 16 Foreign : 13.1 4.2 -13.0 12.3 20 6 =============================================================================== 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-449-37 Reliability of United States August 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 : 5.2 405 -889 1079 17 9 Exports : 14.6 264 -750 546 10 16 Domestic use : 4.3 280 -553 510 18 8 Ending stocks : 28.0 423 -1674 740 13 13 : SORGHUM : Production : 6.5 38 -82 108 13 13 Exports : 16.0 37 -115 97 12 14 Domestic use : 10.5 41 -114 81 12 14 Ending stocks : 38.8 48 -201 133 10 16 : BARLEY : Production : 4.8 18 -63 67 9 17 Exports : 28.1 16 -82 38 13 11 Domestic use : 8.3 28 -47 82 11 14 Ending stocks : 16.1 25 -61 94 11 15 : OATS : Production : 8.0 17 -26 57 5 21 Exports : 63.8 2 -5 8 7 10 Domestic use : 4.4 14 -39 35 9 17 Ending stocks : 14.8 17 -40 37 10 16 : : Thousand short tons SOYBEAN MEAL : Production : 4.0 1264 -2858 3592 18 8 Exports : 13.7 895 -2050 1800 13 13 Domestic use : 3.0 711 -1550 1909 16 10 Ending stocks : 29.7 70 -204 428 10 13 : : Million pounds SOYBEAN OIL : Production : 4.0 603 -1583 1238 15 11 Exports : 23.4 353 -1350 1219 11 14 Domestic use : 2.7 348 -1085 708 18 8 Ending stocks : 32.6 525 -1472 1078 11 15 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 3.9 961 -802 2536 17 7 Pork : 2.2 369 -1315 1242 13 11 Broilers : 2.0 507 -1337 1338 15 9 Turkeys : 2.3 100 -444 235 16 8 : : Million dozen Eggs : 1.3 83 -111 188 17 6 : : Billion pounds Milk : 1.4 2.2 -7.0 6.8 12 12 =============================================================================== 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 ---------------