WASDE-380 November 9, 2001 WHEAT: U.S. 2001/02 supply and use projections for total wheat are unchanged from last month, although there are changes in projected imports, exports, and ending stocks by class of wheat. The projected price range is unchanged at $2.70 to $3.00 per bushel. Projected global 2001/02 production, use, and ending stocks are up from last month, led by increases for Kazakstan, Australia, and Russia. Prospective Argentine production is reduced 500,000 tons because prolonged excessively wet conditions are expected to reduce harvested area. The larger crops in Kazakstan and Russia are largely reflected in higher prospective ending stocks and account for much of the rise in global ending stocks. The larger Australian crop, however, impacts global trade. Australia's 2001/02 wheat production is projected up 1.5 million tons due to an 800,000-hectare increase in area. The larger area is in response to the official estimates of crop production and livestock numbers for the 2000/01 season recently released by the Australian Bureau of Statistics (ABS). The estimates placed last year's Australian wheat crop at 23.8 million tons from an area of 13.0 million hectares. This is 2.6 million tons and 1 million hectares above last month's USDA estimates, which were the same as data published by the Australian Bureau of Agricultural and Resource Economics. The larger prospective 2001/02 crop and increased carryin stocks (due to the bigger 2000/01 production) results in a 1.5-million-ton rise in projected exports, which is offset by reductions in projected exports for Argentina and the EU. COARSE GRAINS: Projected U.S. 2001/02 ending stocks of corn are up 116 million bushels from last month because of higher forecast production and unchanged use. The projected price range is down 10 cents on each end to $1.80 to $2.20 per bushel because of the larger supplies and lower-than-expected prices during the first few months of the season. Global 2001/02 coarse grain supply, use, and ending stocks projections are up from last month. Prospective Argentine corn production is down 1.5 million tons from last month because prolonged wet conditions will keep producers from planting as much area as expected earlier. Smaller Indian sorghum and EU corn crops are seen. However, these reductions are more than offset by larger crops in Russia (barley), Ukraine (corn), Eastern Europe (corn), and Australia (barley). Similar to wheat, the larger prospective 2001/02 Australian barley crop is linked to sharply higher area and production estimates for 2000/01 recently published by ABS. The larger crops translate into higher use and/or stocks for most countries. However, for Argentina, the smaller corn crop means reduced prospective exports. Projected Argentine corn exports are down only 1 million tons for the international October-September trade year and are offset by increased exports by Brazil. RICE: The U.S. 2001/02 rice crop is projected at a record 209.7 million cwt, up 1.5 million cwt from last month and 18.8 million cwt above 2000/01. Area estimates are unchanged from a month ago. U. S. average yield is estimated at a record 6,374 pounds per acre, 46 pounds per acre above last month and 93 pounds per acre above 2000/01. No changes are made on the use side from a month ago. Ending stocks in 2001/02 are projected at 42.2 million cwt, up 1.6 million cwt from last month and 13.7 million cwt above 2000/01 and the largest stocks since 1986/87. The average milling rates are adjusted downward for 2000/01 and 2001/02 to 68.6 and 69.0 percent, respectively. Global 2001/02 rice production, exports, and ending stocks are raised from a month ago while consumption is lowered. The slight increase in world rice production is due primarily to larger crops projected for India, Brazil, the Philippines, and the Republic of South Korea, which are nearly offset by reductions in Bangladesh, Vietnam, Japan, and Italy. India's 2001/02 rice crop is estimated at a near-record 89 million tons, up 1 million tons from last month. Vietnam's 2001/02 rice crop is lowered 0.4 million tons to 20.6 million tons. Exports in 2001/02 are raised for India, Thailand, and Burma and lowered for Vietnam and Pakistan. Global ending stocks in 2001/02 are projected at 126.3 million tons, up marginally from last month but down 11.3 million tons from last year. OILSEEDS: U.S. oilseed ending stocks for 2001/02 are up this month as increased production is partially offset by slightly higher crush prospects. U.S. oilseed production, at 90.9 million tons, is up 0.6 million tons this month, due mostly to an increase for soybeans. Soybean production is forecast at 2.92 billion bushels, up 16 million bushels from last month, based on a slightly higher average yield. Other crop changes this month include a sharp rise in peanut production based on a record yield. U.S. soybean stocks are increased to 355 million bushels, up 10 million bushels from last month as increased production is only partially offset by higher use. Soybean crush is raised slightly this month as improved soybean meal export prospects more than offset reduced domestic meal use. Soybean meal exports are forecast at 7.65 million short tons, up 0.25 million tons, based in part on improved import prospects for Europe and selected Middle East countries. Domestic use is cut to 32.35 million tons, off 0.1 million tons. Soybean exports are forecast at 980 million bushels, unchanged from last month as increased global use prospects are largely met by larger soybean availabilities in South America. Soybean oil ending stocks for 2001/02 are projected at 2,680 million pounds, up 190 million pounds from last month, due mostly to larger beginning stocks and reduced domestic use prospects. U.S. season-average soybean prices for 2001/02 are projected at $3.90 to $4.70 per bushel, unchanged from last month. Soybean oil prices are forecast at 13.5 to 16.0 cents per pound, down from 14 to 17 cents last month, due to a sharp increase in projected ending stocks. Soybean meal prices are forecast at $150 to $170 per short ton, compared with $145 to $165 last month. Global oilseed production for 2001/02 is projected at a record 322.8 million metric tons, up 1.5 million tons from last month. Foreign production is forecast at 231.9 million tons, up 0.9 million tons from last month, as gains for soybeans, cottonseed, and peanuts more than offset a reduction in sunflowerseed production. Soybean production in Argentina is forecast at a record 28 million tons, up 1 million tons from last month as persistent wet weather during the early planting season will shift some area to soybeans. Sunflowerseed production is reduced in several countries this month including Argentina, due to unfavorable planting conditions, and Turkey, which suffered from very dry conditions this year. Global oilseed trade is increased this month as increased soybean exports more than offset reductions for sunflowerseed. Global oilseed crush is also increased this month, due in part to increased soybean meal consumption prospects for the EU. Global sunflowerseed oil consumption is reduced this month due to reduced seed availabilities. SUGAR:. Projected U.S. sugar production for fiscal year 2001/02 is decreased 300,000 short tons, raw value, from last month. Beet sugar production is decreased 250,000 tons based on lower area harvested, mainly due to the 2001 Payment-In-Kind Diversion Program. Cane sugar production is decreased 50,000 tons due to lower forecast sugarcane yields in Louisiana. Sugar use is decreased 75,000 tons as lower domestic food and beverage use more than offsets higher exports. The projected ending stocks-to-use ratio is 12.7 percent, compared with 14.1 percent last month. For 2000/01, ending stocks are up 68,000 tons from a month earlier, based on year-end reports from processors. Other minor changes in production and use are made this month. The ending stocks-to-use ratio is 20.4 percent, compared with 20.5 percent last month. LIVESTOCK, POULTRY, AND DAIRY: Forecasts for total meat production for 2001 and 2002 are increased slightly from last month. In 2001, beef production is projected to increase because average carcass weights are slightly higher; longer times on feed will result in heavier cattle being marketed through the remainder of the year. The pork production forecast is raised because October slaughter was higher than expected and hog carcass weights are expected to remain high. Forecast 2001 broiler production is up slightly. Increased broiler production accounts for this month's rise in forecast 2002 meat production. Higher broiler prices are expected continue to encourage increased chick placements. The outlook for U.S. beef exports for 2001 and 2002 continues to weaken, especially in Asian markets. Export prospects for pork and poultry remain steady. Forecast cattle and hog prices are lowered for the last quarter of 2001 and first half of 2002. Reduced export prospects for beef imply larger domestic supplies at time when a weaker economy is expected to slow demand for beef and pork. Forecast milk production in 2001/02 is slightly lower than last month as the number of cows is reduced slightly. Forecasts for 2001/02 Class III and Class IV prices are lowered from last month because of expectations for weaker cheese and butter prices. The 2001/02 all milk price forecast is reduced to $13.00 to $13.80 per cwt. COTTON: This month's 2001/02 U.S. cotton estimates include slightly higher production, reduced mill use, and higher exports, resulting in a net decrease in stocks of 100,000 bales. Domestic mill use is reduced 2.5 percent to 8.1 million bales, as the slowdown in the economy is likely to further delay a recovery in retail demand. Exports are now forecast at 9.4 million bales, equal to the post-World War II record set in 1994/95; season-to-date export commitments and shipments are the highest since export sales reporting began in the mid-1970's. This month's world cotton estimates for 2001/02 reflect higher production and lower consumption, resulting in a 2.6-percent increase in ending stocks. Production is raised 800,000 bales, including increases for China, Egypt, Central Asia, Turkey, and the United States, partially offset by a decrease for India. World consumption is forecast below the year-ago level for the first time this season; consumption is reduced for the United States, Egypt, India, Indonesia, and Pakistan, partially offset by an increase for China. While world trade is virtually unchanged, foreign exports are reduced, reflecting improved market share for the United States. Approved by the Secretary of Agriculture and the World Agricultural Outlook Board, Gerald A. Bange, Chairperson, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. Committee members are listed on page 5. APPROVED: JAMES R. MOSELEY DEPUTY SECRETARY OF AGRICULTURE The next issue of this report will be released 8:30 a.m. ET on December 11, 2001. The next World Agricultural Supply and Demand Estimates (WASDE) report will be released 8:30 a.m. Eastern Time on Dec. 11, 2001. In 2002, the report will be released on: Jan.11, Feb. 8, Mar. 8, Apr. 10, May 10, June 12, July 11, Aug. 12, Sep. 12, Oct. 11, Nov. 12, and Dec. 10. ELECTRONIC ACCESS AND SUBSCRIPTIONS Download this report in ascii text or pdf (Adobe Acrobat) format at ww.usda.gov/oce/waob/wasde/wasde.htm. Acrobat files can be viewed or printed in their original form, page by page. This report and other USDA releases are posted electronically by release date at www.usda.gov/news/calindex.htm. To view a report, click the month of release, then the report title. For instructions on retrieving the WASDE report by fax, call (202) 694-5700 from the handset of a fax machine and follow voice prompts to retrieve document 66900. For information on e-mail subscriptions or other questions about the WASDE report, call (202) 720-5447. Mail subscriptions cost $50.00; 2- and 3-year subscriptions are available. Call 1-800-999-6779 or 703-605-6220, 8:30 a.m.-5:00 p.m. ET, or write ERS-NASS, 5285 Port Royal Road, Springfield, Virginia 22161. This report is also available from the Government Printing Office. Call 202-783-3238 or write Superintendent of Documents, GPO, Washington, D.C. 20402. For GPO subscription inquires, call 202-512-1806. WASDE-380-6 World and U.S. Supply and Use for Grains 1/ Million Metric Tons =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : World Total grains 3/ : 1999/00 : 1,870.73 2,393.19 281.67 1,872.82 520.37 2000/01 (Est.) : 1,834.91 2,355.27 266.15 1,869.23 486.04 2001/02 (Proj.) : October : 1,832.58 2,316.72 268.55 1,896.06 420.67 November : 1,840.91 2,326.95 268.74 1,895.36 431.59 Wheat : 1999/00 : 585.91 760.37 134.99 592.39 167.98 2000/01 (Est.) : 582.25 750.23 123.44 589.49 160.74 2001/02 (Proj.) : October : 571.20 730.10 128.36 593.97 136.13 November : 575.08 735.82 128.81 595.57 140.26 Coarse grains 4/ : 1999/00 : 876.48 1,091.44 122.59 881.88 209.56 2000/01 (Est.) : 856.80 1,066.35 118.56 878.59 187.77 2001/02 (Proj.) : October : 868.10 1,055.82 116.77 897.25 158.57 November : 872.48 1,060.25 116.11 895.16 165.09 Rice, milled : 1999/00 : 408.34 541.38 24.09 398.55 142.83 2000/01 (Est.) : 395.86 538.69 24.15 401.15 137.53 2001/02 (Proj.) : October : 393.29 530.80 23.42 404.84 125.96 November : 393.34 530.88 23.82 404.63 126.25 : : United States Total grains 3/ : 1999/00 : 332.24 415.71 88.85 251.29 75.57 2000/01 (Est.) : 341.17 422.25 88.06 256.77 77.42 2001/02 (Proj.) : October : 320.28 402.96 89.46 253.45 60.05 November : 323.25 405.92 89.44 253.42 63.05 Wheat : 1999/00 : 62.57 90.89 29.65 35.38 25.85 2000/01 (Est.) : 60.76 89.05 28.89 36.32 23.85 2001/02 (Proj.) : October : 53.28 79.57 27.90 33.94 17.74 November : 53.28 79.57 27.90 33.94 17.74 Coarse grains 4/ : 1999/00 : 263.17 317.31 56.40 212.06 48.86 2000/01 (Est.) : 274.47 326.05 56.57 216.79 52.69 2001/02 (Proj.) : October : 260.44 315.58 58.86 215.70 41.02 November : 263.41 318.55 58.86 215.70 43.99 Rice, milled : 1999/00 : 6.50 7.52 2.80 3.85 0.87 2000/01 (Est.) : 5.94 7.15 2.60 3.67 0.89 2001/02 (Proj.) : October : 6.56 7.80 2.71 3.81 1.28 November : 6.56 7.80 2.69 3.79 1.32 =============================================================================== 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-380-7 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : Foreign 3/ Total grains 4/ : 1999/00 : 1,538.49 1,977.48 192.81 1,621.54 444.80 2000/01 (Est.) : 1,493.74 1,933.02 178.10 1,612.46 408.62 2001/02 (Proj.) : October : 1,512.30 1,913.77 179.09 1,642.61 360.62 November : 1,517.66 1,921.03 179.30 1,641.93 368.54 Wheat : 1999/00 : 523.34 669.48 105.33 557.00 142.13 2000/01 (Est.) : 521.49 661.18 94.55 553.18 136.89 2001/02 (Proj.) : October : 517.92 650.52 100.47 560.03 118.39 November : 521.80 656.25 100.92 561.63 122.52 Coarse grains 5/ : 1999/00 : 613.31 774.13 66.19 669.83 160.70 2000/01 (Est.) : 582.32 740.31 62.00 661.80 135.08 2001/02 (Proj.) : October : 607.66 740.24 57.91 681.55 117.55 November : 609.07 741.70 57.25 679.46 121.10 Rice, milled : 1999/00 : 401.84 533.86 21.29 394.71 141.96 2000/01 (Est.) : 389.92 531.54 21.55 397.49 136.65 2001/02 (Proj.) : October : 386.72 523.00 20.71 401.03 124.68 November : 386.78 523.08 21.13 400.84 124.93 =============================================================================== 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 1999/00 : 87.36 132.49 27.28 91.90 41.58 2000/01 (Est.) : 88.41 129.98 26.40 91.79 38.93 2001/02 (Proj.) : October : 96.07 135.08 28.06 92.08 43.26 November : 96.87 135.80 28.11 91.64 44.38 : United States 1999/00 : 16.97 21.00 6.75 10.24 3.92 2000/01 (Est.) : 17.19 21.13 6.76 8.88 6.00 2001/02 (Proj.) : October : 20.07 26.08 9.00 8.30 8.80 November : 20.18 26.19 9.40 8.10 8.70 : Foreign 3/ 1999/00 : 70.39 111.49 20.53 81.66 37.66 2000/01 (Est.) : 71.22 108.86 19.63 82.91 32.93 2001/02 (Proj.) : October : 76.00 109.00 19.06 83.78 34.46 November : 76.70 109.62 18.71 83.54 35.68 =============================================================================== 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-380-8 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade : Use 2/ : Stocks =============================================================================== : : World Oilseeds : 1999/00 : 303.25 335.08 64.47 247.54 34.12 2000/01 (Est.) : 310.97 345.08 71.17 254.86 33.17 2001/02 (Proj.) : October : 321.29 354.60 70.36 262.61 32.65 November : 322.82 355.98 70.69 263.46 33.39 Oilmeals : 1999/00 : 168.74 175.55 56.16 169.22 5.68 2000/01 (Est.) : 176.16 181.85 56.52 175.55 5.45 2001/02 (Proj.) : October : 181.60 186.89 57.47 181.15 5.21 November : 182.22 187.67 57.75 181.94 5.32 Vegetable Oils : 1999/00 : 85.86 93.23 32.76 83.77 8.11 2000/01 (Est.) : 88.66 96.77 34.45 88.15 7.98 2001/02 (Proj.) : October : 90.59 98.25 35.21 90.63 7.09 November : 90.58 98.56 35.17 90.66 7.40 : : United States Oilseeds : 1999/00 : 82.31 93.85 27.34 47.90 8.98 2000/01 (Est.) : 84.90 94.70 28.04 49.04 7.84 2001/02 (Proj.) : October : 90.33 98.48 27.65 50.12 10.58 November : 90.91 99.25 27.66 50.46 10.94 Oilmeals : 1999/00 : 36.70 38.27 6.85 31.12 0.30 2000/01 (Est.) : 38.19 39.68 7.14 32.15 0.40 2001/02 (Proj.) : October : 38.68 40.19 6.98 32.92 0.29 November : 38.85 40.42 7.21 32.92 0.29 Vegetable Oils : 1999/00 : 9.37 11.90 1.13 9.55 1.21 2000/01 (Est.) : 9.51 12.40 1.08 9.64 1.69 2001/02 (Proj.) : October : 9.77 12.99 1.55 10.02 1.43 November : 9.80 13.12 1.58 10.01 1.54 : : Foreign 3/ Oilseeds : 1999/00 : 220.94 241.22 37.14 199.64 25.13 2000/01 (Est.) : 226.07 250.39 43.13 205.82 25.33 2001/02 (Proj.) : October : 230.96 256.13 42.71 212.50 22.07 November : 231.90 256.73 43.03 213.00 22.44 Oilmeals : 1999/00 : 132.04 137.28 49.31 138.10 5.39 2000/01 (Est.) : 137.98 142.16 49.38 143.40 5.05 2001/02 (Proj.) : October : 142.92 146.71 50.49 148.23 4.92 November : 143.37 147.25 50.55 149.01 5.03 Vegetable Oils : 1999/00 : 76.49 81.33 31.62 74.22 6.90 2000/01 (Est.) : 79.16 84.37 33.37 78.52 6.29 2001/02 (Proj.) : October : 80.82 85.26 33.67 80.61 5.66 November : 80.78 85.44 33.59 80.65 5.86 =============================================================================== 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-380-9 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2001/02 Projections Item : 1999/00 : 2000/01 :============================== : : Est. : October November =============================================================================== Area : Million acres Planted : 62.7 62.6 59.6 59.6 Harvested : 53.8 53.1 48.7 48.7 Yield per harvested : Bushels acre : 42.7 42.0 40.2 40.2 : Million bushels Beginning stocks : 946 950 876 876 Production : 2,299 2,232 1,958 1,958 Imports : 95 90 90 90 Supply, total : 3,339 3,272 2,924 2,924 Food : 929 957 960 960 Seed : 92 80 87 87 Feed and residual : 279 297 200 200 Domestic, total : 1,300 1,334 1,247 1,247 Exports : 1,090 1,061 1,025 1,025 Use, total : 2,390 2,396 2,272 2,272 Ending stocks : 950 876 652 652 CCC inventory : 104 97 94 94 Free stocks : 846 779 558 558 Avg. farm price ($/bu) 2/ : 2.48 2.62 2.70- 3.00 2.70- 3.00 =============================================================================== U.S. Wheat by Class: Supply and Use =============================================================================== Year beginning : Hard : Hard : Soft : : : June 1 : Winter : Spring : Red : White : Durum : Total =============================================================================== 2000/01 (estimated) : Million bushels Beginning stocks : 458 218 133 91 50 950 Production : 846 502 471 303 110 2,232 Supply, total 3/ : 1,304 779 604 399 185 3,272 Domestic use : 491 339 293 121 90 1,334 Exports : 402 230 176 203 50 1,061 Use, total : 893 569 469 324 140 2,396 Ending stocks, total : 411 210 135 75 45 876 : 2001/02 (projected) : Beginning stocks : 411 210 135 75 45 876 Production : 767 476 400 232 84 1,958 Supply, total 3/ : 1,179 732 535 317 162 2,924 Domestic use : 478 324 262 91 92 1,247 Exports : 385 235 195 160 50 1,025 Use, total : 864 560 456 251 142 2,272 Ending stocks, total : November : 315 172 78 66 20 652 October : 300 175 88 66 22 652 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. WASDE-380-10 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2001/02 Projections Item : 1999/00 : 2000/01 :============================== : : Est. : October November =============================================================================== FEED GRAINS : Area : Million acres Planted : 96.5 99.1 95.4 95.4 Harvested : 86.2 88.0 84.2 84.2 Yield per harvested : Metric tons acre : 3.05 3.12 3.09 3.13 : Million metric tons Beginning stocks : 51.3 48.8 52.7 52.7 Production : 262.9 274.3 260.3 263.2 Imports : 2.7 2.6 2.4 2.4 Supply, total : 316.9 325.7 315.3 318.2 Feed and residual : 156.9 160.9 158.0 158.0 Food, seed & industrial : 54.7 55.6 57.4 57.4 Domestic, total : 211.7 216.5 215.4 215.4 Exports : 56.4 56.6 58.9 58.9 Use, total : 268.1 273.1 274.3 274.3 Ending stocks, total : 48.8 52.7 41.0 44.0 CCC inventory : 0.4 0.2 0.2 0.2 Free stocks : 48.5 52.4 40.8 43.8 Outstanding loans : 10.2 6.6 5.3 5.3 : CORN : Area : Million acres Planted : 77.4 79.5 76.0 76.0 Harvested : 70.5 72.7 69.2 69.2 Yield per harvested : Bushels acre : 133.8 137.1 136.3 138.0 : Million bushels Beginning stocks : 1,787 1,718 1,899 1,899 Production : 9,431 9,968 9,430 9,546 Imports : 15 7 10 10 Supply, total : 11,232 11,693 11,338 11,454 Feed and residual : 5,664 5,890 5,800 5,800 Food, seed & industrial : 1,913 1,967 2,030 2,030 Domestic, total : 7,578 7,857 7,830 7,830 Exports : 1,937 1,937 2,050 2,050 Use, total : 9,515 9,794 9,880 9,880 Ending stocks, total : 1,718 1,899 1,458 1,574 CCC inventory : 14 8 5 5 Free stocks : 1,704 1,891 1,453 1,569 Outstanding loans : 392 253 200 200 Avg. farm price ($/bu) 2/ : 1.82 1.85 1.90- 2.30 1.80- 2.20 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. WASDE-380-11 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2001/02 Projections Item : 1999/00 : 2000/01 :============================== : : Est. : October November =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 9.3 9.2 10.0 10.0 Area harv. (mil. acres) : 8.5 7.7 8.8 8.8 Yield (bushels/acre) : 69.7 60.9 61.0 61.2 Beginning stocks : 65 65 42 42 Production : 595 470 536 537 Imports : 0 0 0 0 Supply, total : 660 535 578 579 Feed and residual : 284 220 240 240 Food, seed & industrial : 55 35 45 45 Total domestic : 339 255 285 285 Exports : 256 239 240 240 Use, total : 595 494 525 525 Ending stocks, total : 65 42 53 54 Avg. farm price ($/bu) 2/ : 1.57 1.88 1.85- 2.25 1.80- 2.20 : BARLEY : Area planted (mil. acres) : 5.2 5.9 5.0 5.0 Area harv. (mil. acres) : 4.7 5.2 4.3 4.3 Yield (bushels/acre) : 59.2 61.1 58.2 58.2 Beginning stocks : 142 111 106 106 Production : 280 319 250 250 Imports : 28 29 25 25 Supply, total : 450 459 381 381 Feed and residual : 136 123 95 95 Food, seed & industrial : 172 172 172 172 Total domestic : 308 295 267 267 Exports : 30 58 30 30 Use, total : 338 353 297 297 Ending stocks, total : 111 106 84 84 Avg. farm price ($/bu) 2/ : 2.13 2.11 2.05- 2.45 2.10- 2.40 : OATS : Area planted (mil. acres) : 4.7 4.5 4.4 4.4 Area harv. (mil. acres) : 2.5 2.3 1.9 1.9 Yield (bushels/acre) : 59.6 64.2 61.3 61.3 Beginning stocks : 81 76 73 73 Production : 146 150 117 117 Imports : 99 106 90 90 Supply, total : 326 332 280 280 Feed and residual : 180 189 155 155 Food, seed & industrial : 68 68 68 68 Total domestic : 249 257 223 223 Exports : 2 2 2 2 Use, total : 250 259 225 225 Ending stocks, total : 76 73 55 55 Avg. farm price ($/bu) 2/ : 1.12 1.10 1.15- 1.45 1.20- 1.40 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum, June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. WASDE-380-12 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2001/02 Projections Item : 1999/00 : 2000/01 :============================== : : Est. : October November =============================================================================== TOTAL : Area : Million acres Planted : 3.53 3.06 3.32 3.32 Harvested : 3.51 3.04 3.29 3.29 Yield per harvested : Pounds acre : 5,866 6,281 6,328 6,374 : Million hundredweight Beginning stocks 2/ : 22.1 27.5 28.4 28.5 Production : 206.0 190.9 208.2 209.7 Imports : 10.1 10.9 11.0 11.0 Supply, total : 238.2 229.2 247.6 249.2 Domestic & residual 3/ : 121.9 117.2 121.0 121.0 Exports, total 4/ : 88.9 83.5 86.0 86.0 Rough : 25.2 22.8 23.0 23.0 Milled (rough equiv.) : 63.6 60.7 63.0 63.0 Use, total : 210.7 200.7 207.0 207.0 Ending stocks : 27.5 28.5 40.6 42.2 Avg. milling yield (%) 5/ : 69.6 68.6 69.5 69.0 Avg. farm price ($/cwt) 6/ : 5.93 5.56 4.00- 4.50 4.00- 4.50 : LONG GRAIN : Harvested acres (mil.) : 2.72 2.19 Yield (pounds/acre) : 5,587 5,882 Beginning stocks : 14.1 15.6 11.6 11.6 Production : 151.9 128.8 161.1 162.3 Supply, total 7/ : 173.5 153.1 181.7 182.9 Domestic & Residual 3/ : 87.1 76.0 86.1 86.1 Exports 8/ : 70.8 65.5 70.0 70.0 Use, total : 157.9 141.5 156.1 156.1 Ending stocks : 15.6 11.6 25.6 26.8 : : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.79 0.85 Yield (pounds/acre) : 6,822 7,308 Beginning stocks : 6.8 10.4 15.6 15.6 Production : 54.2 62.1 47.1 47.4 Supply, total 7/ : 63.3 74.8 64.7 65.0 Domestic & Residual 3/ : 34.8 41.2 34.9 34.9 Exports 8/ : 18.1 18.0 16.0 16.0 Use, total : 52.9 59.2 50.9 50.9 Ending stocks : 10.4 15.6 13.8 14.1 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 1999/00-1.2; 2000/01-1.4; 2001/02-1.3. 3/ Residual includes unreported use, processing losses and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. WASDE-380-13 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2001/02 Projections Item : 1999/00 : 2000/01 :=============================== : : Est. : October November =============================================================================== SOYBEANS: : Million acres Area : Planted : 73.7 74.3 75.2 75.2 Harvested : 72.4 72.4 74.1 74.1 : : Bushels Yield per harvested : acre : 36.6 38.1 39.2 39.4 : : Million bushels : Beginning stocks : 348 290 248 248 Production : 2,654 2,758 2,907 2,923 Imports : 4 4 3 4 Supply, total : 3,006 3,052 3,158 3,175 Crushings : 1,578 1,641 1,660 1,665 Exports : 973 998 980 980 Seed : 90 91 91 91 Residual : 75 73 82 84 Use, total : 2,716 2,804 2,813 2,820 Ending stocks : 290 248 345 355 Avg. farm price ($/bu) 2/ : 4.63 4.55 3.90- 4.70 3.90 - 4.70 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 1,520 1,995 2,800 2,873 Production : 17,825 18,434 18,760 18,730 Imports : 83 75 80 77 Supply, total : 19,427 20,504 21,640 21,680 Domestic : 16,056 16,200 16,700 16,550 Exports : 1,376 1,432 2,450 2,450 Use, total : 17,432 17,631 19,150 19,000 Ending stocks : 1,995 2,873 2,490 2,680 Average price (c/lb) 2/ : 15.60 14.15 14.00- 13.50- : 17.00 16.00 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 330 293 325 386 Production : 37,591 39,389 39,750 39,839 Imports : 49 54 50 50 Supply, total : 37,970 39,736 40,125 40,275 Domestic : 30,346 31,750 32,450 32,350 Exports : 7,331 7,600 7,400 7,650 Use, total : 37,678 39,350 39,850 40,000 Ending stocks : 293 386 275 275 Average price ($/s.t.) 2/ : 167.70 173.60 145.00- 150.00- : 165.00 170.00 =============================================================================== Note: Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; for oil, simple average of crude soybean oil, Decatur; for meal, simple average of 48 percent, Decatur. WASDE-380-14 U.S. Sugar Supply and Use 1/ ====================================================================== : : : 2001/02 Projections Item : 1999/00 : 2000/01 :====================== : : Estimate : October November ====================================================================== : 1,000 short tons, raw value : Beginning stocks 2/ : 1,639 2,219 2,126 2,194 Production 2/3/ : 9,042 8,674 8,345 8,045 Beet sugar : 4,976 4,592 4,150 3,900 Cane sugar 4/ : 4,065 4,082 4,195 4,145 Imports 2/ : 1,636 1,549 1,631 1,631 TRQ 5/ : 1,124 1,238 1,341 1,341 Other 6/ : 512 311 290 290 Total supply : 12,317 12,442 12,102 11,870 : Exports 2/7/ : 124 141 125 150 Domestic deliveries 2/ : 10,111 10,130 10,390 10,290 Domestic food use : 9,993 9,998 10,270 10,170 Other 8/ : 118 132 120 120 Miscellaneous 9/ : (137) (23) 90 90 Use, total : 10,098 10,247 10,605 10,530 Ending stocks 2/ : 2,219 2,194 1,497 1,340 Private : 1,922 1,416 1,023 866 CCC 10/ : 297 778 474 474 : Stocks to use ratio : 22.0 21.4 14.1 12.7 ====================================================================== 1/ Fiscal years beginning Oct 1. Includes Puerto Rico. 2/ Historical data are from FSA, "Sweetener Market Data" except imports from U.S. Customs Service. 3/ Projections for 2001/02 are based on the November Crop Production and analyses by Interagency Commodity Estimates Committee for sugar. 4/ Production by state for 2000/01 (projected 2001/02): FL 2,055 (2,010); HI 241 (270); LA 1,579 (1,710); TX 207 (150); PR 0 (5). 5/ Actual arrivals under the tariff rate quota (TRQ) with late entries, early entries, and TRQ overfills assigned to the fiscal year in which they actually arrived. The 2001/02 available TRQs assume shortfall of 65,000 tons. 6/ Quota exempt imports (for reexport, polyhydric alcohol, sugar syrup under USHTS 1702904000, and high-duty). 7/ Mostly reexports. 8/ Transfer to sugar containing products for reexport, for nonedible alcohol, and feed. 9/ Includes residual statistical discrepancies and expected Commodity Credit Corporation sales to ethanol producers. 10/ For 2001/02, includes only sugar owned by CCC, as of November 10, 2001, net of expected sales to ethanol producers and transfers of sugar under the Payment- In-Kind Diversion Program. Season-ending CCC stocks will be a function of market and program developments. WASDE-380-15 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2001/02 Projections Item : 1999/00 : 2000/01 :=============================== : : Est. : October November =============================================================================== : Million acres Area : Planted : 14.87 15.52 16.19 16.19 Harvested : 13.42 13.05 14.14 14.14 : : Pounds Yield per harvested : acre : 607 632 681 685 : : Million 480 pound bales : Beginning stocks 2/ : 3.94 3.92 6.00 6.00 Production : 16.97 17.19 20.07 20.18 Imports : 0.10 0.02 0.01 0.01 Supply, total : 21.00 21.13 26.08 26.19 Domestic use : 10.24 8.88 8.30 8.10 Exports : 6.75 6.76 9.00 9.40 Use, total : 16.99 15.65 17.30 17.50 Unaccounted 3/ : 0.09 -0.52 -0.02 -0.01 Ending stocks : 3.92 6.00 8.80 8.70 : Avg. farm price 4/ : 45.0 49.8 37.1 5/ =============================================================================== Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Based on Bureau of Census data. 3/ Reflects the difference between the previous season's supply less total use and ending stocks based on Bureau of Census data. 4/ Cents per pound for upland cotton. 5/ Weighted price for August-September 2001. USDA is prohibited by law from publishing cotton price projections. =============================================================================== Note: Public Law 106-78, signed October 22, 1999, requires the Secretary of Agriculture to estimate and report the U.S. upland cotton season-ending stocks-to-use ratio, excluding projected raw cotton imports but including the quantity of raw cotton imports that has been imported during the marketing year. Pursuant to this requirement, the estimated ratio for 2001/02 is 50.3 percent. WASDE-380-16 World Wheat Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 1999/00 : World 3/ : 174.46 585.91 130.71 98.21 592.39 134.99 167.98 United States : 25.74 62.57 2.57 7.60 35.38 29.65 25.85 Total foreign : 148.72 523.34 128.14 90.60 557.00 105.33 142.13 Major exporters 4/ : 27.68 164.11 25.34 48.93 104.11 86.95 26.06 Argentina : 0.30 15.70 0.03 0.15 4.13 11.60 0.30 Australia : 1.87 24.76 0.05 2.48 5.22 17.84 3.61 Canada : 7.44 26.90 0.18 3.60 7.61 19.17 7.74 EU-15 : 18.07 96.75 25.09 42.71 87.16 38.34 14.41 Major importers 5/ : 86.82 174.44 34.63 17.06 209.99 4.75 81.15 Brazil : 0.78 2.40 7.56 0.20 9.48 0.00 1.25 China : 66.44 113.88 1.01 5.00 115.62 0.54 65.16 East. Europe : 7.69 28.20 1.39 10.50 29.46 3.40 4.41 N. Africa : 6.85 11.53 16.61 0.31 29.06 0.17 5.75 Pakistan : 3.75 17.85 2.10 0.40 20.45 0.00 3.25 Selected other : India : 9.92 70.78 1.37 0.35 68.79 0.20 13.08 FSU-12 6/ : 5.45 64.75 9.49 17.31 65.60 9.09 5.00 Russia : 1.00 31.00 5.08 11.80 35.37 0.52 1.20 Kazakstan : 0.60 11.20 0.02 1.00 4.60 6.51 0.70 : : 2000/01 (Estimated) : World 3/ : 167.98 582.25 122.60 101.48 589.49 123.44 160.74 United States : 25.85 60.76 2.45 8.10 36.32 28.89 23.85 Total foreign : 142.13 521.49 120.16 93.38 553.18 94.55 136.89 Major exporters 4/ : 26.06 172.29 24.93 55.92 111.79 80.65 30.84 Argentina : 0.30 16.50 0.03 0.45 4.50 11.70 0.63 Australia : 3.61 23.77 0.05 4.00 6.87 15.93 4.63 Canada : 7.74 26.80 0.15 4.10 8.17 17.32 9.21 EU-15 : 14.41 105.22 24.70 47.37 92.26 35.70 16.38 Major importers 5/ : 81.15 161.51 32.94 15.23 207.26 3.81 64.53 Brazil : 1.25 1.66 7.20 0.20 9.50 0.00 0.61 China : 65.16 99.64 0.30 3.50 114.00 0.62 50.48 East. Europe : 4.41 28.30 2.58 10.14 28.95 2.31 4.03 N. Africa : 5.75 10.15 16.80 0.31 28.49 0.22 4.00 Pakistan : 3.25 21.08 0.15 0.50 20.50 0.20 3.78 Selected other : India : 13.08 75.75 0.10 0.50 65.86 1.57 21.50 FSU-12 6/ : 5.00 62.82 5.44 15.71 63.29 4.60 5.37 Russia : 1.20 34.45 1.50 11.60 35.05 0.70 1.40 Kazakstan : 0.70 9.10 0.02 1.10 4.70 3.67 1.45 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada and the EU-15 (includes intra-trade). 5/ Algeria, Brazil, China, Eastern Europe, Egypt, Japan, Libya, Morocco, Pakistan, and Tunisia. 6/ Includes imports and exports among the nations of the former USSR. Former USSR excluding the Baltic States. WASDE-380-17 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2001/02 (Projected) World 3/ : October : 158.90 571.20 126.62 98.99 593.97 128.36 136.13 November : 160.74 575.08 126.92 100.43 595.57 128.81 140.26 United States : October : 23.85 53.28 2.45 5.44 33.94 27.90 17.74 November : 23.85 53.28 2.45 5.44 33.94 27.90 17.74 Total foreign : October : 135.05 517.92 124.17 93.55 560.03 100.47 118.39 November : 136.89 521.80 124.47 94.99 561.63 100.92 122.52 Major exporters 4/ : October : 29.30 150.66 26.95 50.41 106.12 78.20 22.58 November : 30.84 151.51 27.45 51.75 107.57 78.70 23.53 Argentina Oct : 0.63 17.50 0.03 0.55 4.60 13.00 0.55 Nov : 0.63 17.00 0.03 0.55 4.60 12.50 0.55 Australia Oct : 3.59 20.50 0.05 2.36 5.20 16.00 2.94 Nov : 4.63 22.00 0.05 2.60 5.50 17.50 3.68 Canada Oct : 9.21 20.70 0.15 4.10 8.20 15.50 6.36 Nov : 9.21 20.70 0.15 4.10 8.20 15.50 6.36 EU-15 Oct : 15.88 91.96 26.73 43.40 88.12 33.70 12.74 Nov : 16.38 91.81 27.23 44.50 89.27 33.20 12.94 Major importers 5/ : October : 64.32 165.10 31.68 15.50 208.30 7.04 45.75 November : 64.53 165.05 31.48 15.60 208.21 7.04 45.81 Brazil Oct : 0.61 3.20 6.50 0.20 9.60 0.00 0.71 Nov : 0.61 3.00 6.50 0.20 9.50 0.00 0.61 China Oct : 50.48 94.00 1.00 2.50 113.00 0.50 31.98 Nov : 50.48 94.00 1.00 2.50 113.00 0.50 31.98 East. Europe Oct : 3.81 35.92 1.48 11.24 30.76 4.72 5.73 Nov : 4.03 35.96 1.48 11.34 30.86 4.72 5.89 N. Africa Oct : 4.00 12.29 16.40 0.31 28.53 0.22 3.94 Nov : 4.00 12.39 16.20 0.31 28.43 0.22 3.94 Pakistan Oct : 3.78 19.00 0.50 0.40 20.40 1.00 1.88 Nov : 3.78 19.00 0.50 0.40 20.40 1.00 1.88 Selected other : India Oct : 21.50 68.50 0.10 0.50 68.10 3.00 19.00 Nov : 21.50 68.50 0.10 0.50 68.10 3.00 19.00 FSU-12 6/ Oct : 5.42 85.48 4.79 19.31 69.17 9.60 16.92 Nov : 5.37 88.48 4.79 19.31 69.17 9.60 19.87 Russia Oct : 1.40 43.50 1.00 13.00 37.50 2.00 6.40 Nov : 1.40 44.50 1.00 13.00 37.50 2.00 7.40 Kazakstan Oct : 1.45 11.00 0.02 1.30 4.97 3.50 4.00 Nov : 1.45 13.00 0.02 1.30 4.97 3.50 6.00 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada and the EU-15 (includes intra-trade). 5/ Algeria, Brazil, China, Eastern Europe, Egypt, Japan, Libya, Morocco, Pakistan, and Tunisia. 6/ Includes imports and exports among the nations of the former USSR. Former USSR excluding the Baltic States. WASDE-380-18 World Coarse Grain Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 1999/00 : World 3/ : 214.96 876.48 114.42 580.55 881.88 122.59 209.56 United States : 51.37 263.17 2.77 157.09 212.06 56.40 48.86 Total foreign : 163.59 613.31 111.65 423.46 669.83 66.19 160.70 Major exporters 4/ : 8.26 68.03 1.02 34.23 45.58 21.95 9.78 Argentina : 1.59 21.46 0.03 6.96 8.86 12.96 1.26 Australia : 0.81 8.69 0.02 3.56 4.78 4.02 0.72 Canada : 4.88 26.83 0.73 19.12 23.26 3.51 5.67 Major importers 5/ : 37.15 201.09 68.66 178.20 240.99 30.99 34.92 EU-15 : 23.35 102.95 16.67 71.72 95.57 27.71 19.69 East. Europe : 3.98 54.55 1.71 41.79 52.35 3.14 4.75 Japan : 2.44 0.21 20.39 16.29 20.82 0.00 2.22 Mexico : 3.13 26.18 9.93 19.60 35.55 0.02 3.68 Southeast Asia : 1.60 14.81 4.50 14.34 19.19 0.13 1.59 South Korea : 0.48 0.49 9.28 7.13 9.39 0.00 0.85 Selected other : China : 102.61 137.22 2.21 91.56 129.40 9.95 102.69 FSU-12 6/ : 4.46 40.46 3.09 27.06 42.44 1.77 3.80 Russia : 1.78 21.80 2.49 14.91 24.87 0.15 1.05 Ukraine : 1.50 10.59 0.11 6.76 10.15 0.78 1.27 : : 2000/01 (Estimated) : World 3/ : 209.56 856.80 115.76 584.55 878.59 118.56 187.77 United States : 48.86 274.47 2.72 160.97 216.79 56.57 52.69 Total foreign : 160.70 582.32 113.04 423.59 661.80 62.00 135.08 Major exporters 4/ : 9.78 62.24 2.83 33.84 45.56 20.79 8.50 Argentina : 1.26 19.53 0.02 6.35 8.44 11.17 1.19 Australia : 0.72 10.85 0.02 4.02 5.33 5.09 1.17 Canada : 5.67 24.02 2.59 20.29 24.39 3.63 4.26 Major importers 5/ : 34.92 185.55 69.90 172.96 235.59 25.70 29.08 EU-15 : 19.69 107.74 16.86 78.41 102.50 23.85 17.93 East. Europe : 4.75 36.22 2.90 30.06 40.53 1.18 2.16 Japan : 2.22 0.22 20.24 16.03 20.45 0.00 2.24 Mexico : 3.68 24.00 10.76 20.12 35.86 0.02 2.56 Southeast Asia : 1.59 14.97 4.10 13.94 18.67 0.65 1.34 South Korea : 0.85 0.49 8.90 7.16 9.47 0.00 0.78 Selected other : China : 102.69 113.95 2.40 94.28 130.24 7.30 81.51 FSU-12 6/ : 3.80 49.41 0.91 28.14 45.49 2.23 6.40 Russia : 1.05 28.20 0.63 15.13 26.98 0.62 2.28 Ukraine : 1.27 12.99 0.06 7.24 10.50 1.13 2.69 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and South Africa. 5/ Eastern Europe, the EU-15 (includes intra-trade), Non-EU Western Europe, Mexico, Japan, South Korea, Taiwan, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). 6/ Includes imports and exports among the nations of the former USSR. Former USSR excluding the Baltic States. WASDE-380-19 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2001/02 (Projected) World 3/ : October : 187.72 868.10 114.92 599.08 897.25 116.77 158.57 November : 187.77 872.48 115.68 599.41 895.16 116.11 165.09 United States : October : 52.69 260.44 2.45 158.02 215.70 58.86 41.02 November : 52.69 263.41 2.45 158.02 215.70 58.86 43.99 Total foreign : October : 135.03 607.66 112.47 441.06 681.55 57.91 117.55 November : 135.08 609.07 113.23 441.39 679.46 57.25 121.10 Major exporters 4/ : October : 7.89 60.63 3.37 34.00 45.65 19.91 6.33 November : 8.50 60.24 3.37 34.73 46.38 18.90 6.83 Argentina Oct : 1.20 19.40 0.03 5.92 8.01 11.42 1.20 Nov : 1.19 18.01 0.03 6.18 8.27 9.77 1.19 Australia Oct : 0.66 9.79 0.00 3.96 5.27 4.51 0.66 Nov : 1.17 10.79 0.00 4.31 5.63 5.15 1.18 Canada Oct : 4.15 22.04 3.14 20.00 24.01 2.48 2.84 Nov : 4.26 22.04 3.14 20.11 24.13 2.48 2.84 Major importers 5/ : October : 28.54 201.11 68.24 177.46 241.18 27.32 29.39 November : 29.08 201.66 68.72 178.56 242.09 26.92 30.45 EU-15 Oct : 17.93 106.69 18.50 78.21 102.24 23.43 17.44 Nov : 17.93 106.16 18.80 78.40 102.42 23.03 17.44 East. Europe Oct : 2.15 50.82 1.32 35.55 47.21 3.37 3.71 Nov : 2.16 51.90 1.32 35.83 47.33 3.37 4.67 Japan Oct : 2.05 0.22 19.58 15.49 19.81 0.00 2.04 Nov : 2.24 0.22 19.68 15.78 20.10 0.00 2.04 Mexico Oct : 2.36 25.80 10.76 20.77 36.56 0.02 2.35 Nov : 2.56 25.80 10.74 20.87 36.64 0.02 2.45 Southeast Asia Oct : 1.34 15.18 4.90 14.93 19.66 0.50 1.26 Nov : 1.34 15.18 4.80 14.83 19.56 0.50 1.26 South Korea Oct : 0.63 0.49 7.25 5.45 7.76 0.00 0.61 Nov : 0.78 0.49 7.25 5.60 7.91 0.00 0.61 Selected other : China Oct : 81.78 116.16 2.75 98.48 134.56 4.03 62.09 Nov : 81.51 116.16 2.75 98.48 134.56 4.03 61.83 FSU-12 6/ Oct : 6.26 57.26 1.16 31.80 49.71 4.61 10.35 Nov : 6.40 60.26 1.16 31.90 49.91 5.31 12.59 Russia Oct : 2.23 33.00 0.75 17.80 29.60 1.55 4.83 Nov : 2.28 34.50 0.75 17.30 29.10 2.25 6.18 Ukraine Oct : 2.59 15.40 0.04 7.82 11.70 2.45 3.88 Nov : 2.69 16.60 0.04 8.32 12.30 2.45 4.58 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and South Africa. 5/ Eastern Europe, the EU-15 (includes intra-trade), Non-EU Western Europe, Mexico, Japan, South Korea, Taiwan, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). 6/ Includes imports and exports among the nations of the former USSR. Former USSR excluding the Baltic States. WASDE-380-20 World Corn Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 1999/00 : World 3/ : 169.12 606.98 80.02 420.17 604.62 85.83 171.48 United States : 45.39 239.55 0.37 143.88 192.48 49.21 43.63 Total foreign : 123.73 367.43 79.65 276.29 412.15 36.62 127.85 Major exporters 4/ : 1.69 27.76 0.12 8.17 13.56 13.43 2.58 Argentina : 0.71 17.20 0.02 4.00 5.51 11.96 0.45 South Africa : 0.98 10.56 0.10 4.17 8.05 1.47 2.13 Major importers 5/ : 12.38 101.95 51.23 101.20 139.37 11.68 14.52 EU-15 : 3.66 37.17 10.87 30.26 38.68 8.91 4.11 Japan : 1.36 0.00 16.12 12.15 16.32 0.00 1.16 Mexico : 1.85 19.24 4.91 8.25 23.65 0.02 2.34 Southeast Asia : 1.60 14.61 4.50 14.15 18.99 0.13 1.59 South Korea : 0.48 0.08 8.69 6.65 8.40 0.00 0.85 Selected other : China : 102.09 128.09 0.07 90.00 118.00 9.94 102.31 FSU-12 6/ : 1.36 5.08 1.35 5.10 6.38 0.12 1.28 Russia : 0.15 1.10 1.17 1.60 1.93 0.01 0.47 : : 2000/01 (Estimated) : World 3/ : 171.48 586.27 82.58 425.94 604.42 84.29 153.33 United States : 43.63 253.21 0.17 149.60 199.57 49.21 48.23 Total foreign : 127.85 333.06 82.40 276.33 404.84 35.08 105.10 Major exporters 4/ : 2.58 23.00 0.06 6.20 11.90 11.40 2.34 Argentina : 0.45 15.50 0.01 3.30 5.00 10.50 0.46 South Africa : 2.13 7.50 0.05 2.90 6.90 0.90 1.88 Major importers 5/ : 14.52 88.20 52.49 94.31 132.67 10.35 12.19 EU-15 : 4.11 38.29 11.08 31.34 40.06 8.72 4.70 Japan : 1.16 0.00 16.34 12.15 16.20 0.00 1.30 Mexico : 2.34 17.70 5.60 8.80 24.00 0.02 1.62 Southeast Asia : 1.59 14.77 4.10 13.75 18.47 0.65 1.34 South Korea : 0.85 0.08 8.74 7.10 8.90 0.00 0.78 Selected other : China : 102.31 106.00 0.05 93.00 120.00 7.28 81.09 FSU-12 6/ : 1.28 7.36 0.26 5.26 6.54 0.15 2.22 Russia : 0.47 1.55 0.18 1.65 2.00 0.00 0.20 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit and reporting discrepancies in some countries. 4/ Argentina and South Africa. 5/ Eastern Europe, the EU-15 (includes intra-trade), Non-EU Western Europe, Mexico, Japan, South Korea, Taiwan, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). 6/ Includes imports and exports among the nations of the former USSR. Former USSR excluding the Baltic States. WASDE-380-21 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2001/02 (Projected) World 3/ : October : 154.05 583.85 81.64 434.78 616.43 82.84 121.47 November : 153.33 586.77 82.25 435.55 614.97 81.23 125.14 United States : October : 48.23 239.52 0.25 147.33 198.89 52.07 37.04 November : 48.23 242.47 0.25 147.33 198.89 52.07 39.99 Total foreign : October : 105.82 344.33 81.39 287.46 417.54 30.77 84.43 November : 105.10 344.31 82.00 288.22 416.08 29.16 85.15 Major exporters 4/ : October : 2.35 24.50 0.07 6.90 12.60 12.20 2.11 November : 2.34 23.00 0.07 7.10 12.80 10.50 2.10 Argentina Oct : 0.47 15.50 0.02 3.10 4.80 10.70 0.48 Nov : 0.46 14.00 0.02 3.30 5.00 9.00 0.47 South Africa Oct : 1.88 9.00 0.05 3.80 7.80 1.50 1.63 Nov : 1.88 9.00 0.05 3.80 7.80 1.50 1.63 Major importers 5/ : October : 11.75 100.47 50.68 98.21 137.51 12.43 12.95 November : 12.19 100.65 50.98 98.98 138.13 12.43 13.25 EU-15 Oct : 4.70 39.26 11.48 31.94 40.75 9.42 5.27 Nov : 4.70 38.26 11.68 31.94 40.75 9.42 4.47 Japan Oct : 1.11 0.00 15.70 11.70 15.70 0.00 1.11 Nov : 1.30 0.00 15.70 11.89 15.89 0.00 1.11 Mexico Oct : 1.52 19.00 6.00 9.80 25.00 0.02 1.51 Nov : 1.62 19.00 6.00 9.80 25.00 0.02 1.61 Southeast Asia Oct : 1.34 14.98 4.90 14.74 19.46 0.50 1.26 Nov : 1.34 14.98 4.80 14.64 19.36 0.50 1.26 South Korea Oct : 0.63 0.08 7.00 5.30 7.10 0.00 0.61 Nov : 0.78 0.08 7.00 5.45 7.25 0.00 0.61 Selected other : China Oct : 81.36 108.00 0.20 97.00 124.00 4.00 61.56 Nov : 81.09 108.00 0.20 97.00 124.00 4.00 61.29 FSU-12 6/ Oct : 2.22 4.82 0.38 4.61 5.79 0.15 1.48 Nov : 2.22 6.02 0.38 5.11 6.29 0.15 2.18 Russia Oct : 0.20 0.80 0.30 0.90 1.20 0.00 0.10 Nov : 0.20 0.80 0.30 0.90 1.20 0.00 0.10 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit and reporting discrepancies in some countries. 4/ Argentina and South Africa. 5/ Eastern Europe, the EU-15 (includes intra-trade), Non-EU Western Europe, Mexico, Japan, South Korea, Taiwan, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). 6/ Includes imports and exports among the nations of the former USSR. Former USSR excluding the Baltic States. WASDE-380-22 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total 2/: : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 1999/00 World 3/ : 133.04 408.34 21.27 398.55 24.09 142.83 United States : 0.69 6.50 0.32 3.85 2.80 0.87 Total foreign : 132.34 401.84 20.95 394.71 21.29 141.96 Major exporters 4/ : 13.77 132.06 0.13 111.42 13.42 21.12 Thailand : 1.06 16.50 0.00 9.60 6.55 1.41 Vietnam : 0.35 20.93 0.04 16.77 3.37 1.18 Major importers 5/ : 14.10 54.54 9.53 62.96 1.48 13.73 Indonesia : 6.83 33.45 1.50 35.40 0.00 6.37 Selected other : China : 96.00 138.94 0.28 133.76 2.95 98.50 Japan : 2.49 8.35 0.64 9.45 0.20 1.83 : : 2000/01 (Estimated) World 3/ : 142.83 395.86 22.47 401.15 24.15 137.53 United States : 0.87 5.94 0.35 3.67 2.60 0.89 Total foreign : 141.96 389.92 22.12 397.49 21.55 136.65 Major exporters 4/ : 21.12 128.30 0.04 113.10 14.10 22.26 Thailand : 1.41 16.83 0.00 9.99 7.00 1.25 Vietnam : 1.18 20.47 0.04 16.96 3.60 1.13 Major importers 5/ : 13.73 52.53 10.33 64.10 1.47 11.02 Indonesia : 6.37 32.00 1.30 35.88 0.00 3.80 Selected other : China : 98.50 131.54 0.30 134.34 1.80 94.20 Japan : 1.83 8.64 0.73 9.30 0.60 1.30 : : 2001/02 (Projected) World 3/ : October : 137.52 393.29 21.76 404.84 23.42 125.96 November : 137.53 393.34 22.38 404.63 23.82 126.25 United States : October : 0.89 6.56 0.35 3.81 2.71 1.28 November : 0.89 6.56 0.35 3.79 2.69 1.32 Total foreign : October : 136.63 386.72 21.41 401.03 20.71 124.68 November : 136.65 386.78 22.03 400.84 21.13 124.93 Major exporters 4/ : October : 22.87 130.33 0.04 114.80 14.00 24.44 November : 22.26 130.93 0.04 114.80 14.40 24.03 Thailand Oct : 1.55 16.83 0.00 10.00 6.70 1.68 Nov : 1.25 16.83 0.00 10.00 7.00 1.08 Vietnam Oct : 0.99 21.00 0.04 17.10 4.30 0.63 Nov : 1.13 20.60 0.04 17.10 4.00 0.67 Major importers 5/ : October : 10.62 53.33 9.65 64.78 1.48 7.34 November : 11.02 53.53 10.15 64.84 1.35 8.50 Indonesia Oct : 3.80 32.50 1.60 36.36 0.00 1.54 Nov : 3.80 32.50 1.60 36.36 0.00 1.54 Selected other : China Oct : 94.20 126.70 0.31 134.61 2.00 84.60 Nov : 94.20 126.70 0.31 134.61 2.00 84.60 Japan Oct : 1.30 8.50 0.70 9.30 0.15 1.05 Nov : 1.30 8.25 0.70 9.30 0.15 0.80 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Hong Kong, Indonesia, Iran, Iraq, Ivory Coast, Nigeria, Philippines, Saudi Arabia, the EU-15 (includes intra-trade) and Non-EU Western Europe. WASDE-380-23 World Soybean Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : : :stocks :Beginning:Produc-: : Domestic : : : stocks : tion :Imports: Crush : Total :Exports: =============================================================================== : : 1999/00 World 2/ : 26.64 159.85 47.65 136.22 160.53 46.67 26.94 United States : 9.48 72.22 0.11 42.94 47.43 26.49 7.90 Total foreign : 17.15 87.63 47.54 93.28 113.10 20.18 19.05 Major exporters 3/ : 12.97 58.30 1.40 38.98 41.99 17.41 13.27 Argentina : 6.16 21.20 0.40 17.08 18.02 4.13 5.61 Brazil : 6.80 34.20 1.00 21.20 23.19 11.16 7.65 Major importers 4/ : 3.60 17.38 37.97 39.22 52.56 1.28 5.11 EU-15 : 0.84 1.15 15.66 14.43 15.66 1.05 0.94 Japan : 0.62 0.19 4.90 3.75 5.08 0.00 0.63 China : 1.90 14.29 10.10 15.07 22.90 0.23 3.17 : : 2000/01 (Estimated) World 2/ : 26.94 173.38 55.06 147.51 172.34 54.73 28.32 United States : 7.90 75.06 0.10 44.67 49.13 27.17 6.75 Total foreign : 19.05 98.33 54.96 102.84 123.21 27.56 21.57 Major exporters 3/ : 13.27 68.50 1.20 40.50 43.81 24.97 14.19 Argentina : 5.61 26.70 0.40 17.50 18.48 7.45 6.78 Brazil : 7.65 38.40 0.80 22.20 24.45 15.00 7.40 Major importers 4/ : 5.11 18.26 44.94 46.56 60.23 1.39 6.70 EU-15 : 0.94 1.04 18.38 16.89 18.32 1.16 0.88 Japan : 0.63 0.24 4.84 3.75 5.08 0.00 0.63 China : 3.17 15.40 13.24 18.90 26.70 0.21 4.91 : : 2001/02 (Projected) World 2/ : October : 28.52 180.67 57.10 154.09 179.94 57.31 29.04 November : 28.32 182.45 57.71 154.94 180.84 57.79 29.84 United States : October : 6.75 79.12 0.08 45.18 49.89 26.67 9.39 November : 6.75 79.55 0.11 45.31 50.07 26.67 9.66 Total foreign : October : 21.77 101.56 57.02 108.91 130.05 30.64 19.65 November : 21.57 102.90 57.60 109.62 130.77 31.12 20.17 Major exporters 3/ : October : 14.24 71.90 1.20 42.70 46.31 28.02 13.01 November : 14.19 72.90 1.20 42.70 46.31 28.52 13.46 Argentina Oct : 6.63 27.00 0.40 18.90 19.93 8.00 6.10 Nov : 6.78 28.00 0.40 18.90 19.93 8.50 6.75 Brazil Oct : 7.60 41.50 0.80 23.00 25.50 17.50 6.90 Nov : 7.40 41.50 0.80 23.00 25.50 17.50 6.70 Major importers 4/ : October : 6.85 18.08 46.12 49.59 63.60 1.42 6.03 November : 6.70 18.42 46.60 50.21 64.21 1.40 6.10 EU-15 Oct : 0.88 1.21 18.32 16.87 18.33 1.16 0.91 Nov : 0.88 1.25 18.79 17.39 18.84 1.16 0.91 Japan Oct : 0.63 0.22 4.90 3.81 5.16 0.00 0.59 Nov : 0.63 0.22 4.90 3.81 5.16 0.00 0.59 China Oct : 5.06 15.00 14.00 21.60 29.60 0.24 4.22 Nov : 4.91 15.30 14.00 21.70 29.70 0.22 4.29 =============================================================================== 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported export and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and Paraguay. 4/ Japan, China, and EU, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). WASDE-380-24 World Soybean Meal Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 1999/00 World 2/ : 4.97 107.78 39.63 108.87 39.65 3.86 United States : 0.30 34.10 0.05 27.53 6.65 0.27 Total foreign : 4.67 73.68 39.58 81.34 33.00 3.59 Major exporters 3/ : 2.04 33.63 0.10 8.57 26.03 1.17 Argentina : 0.78 13.45 0.00 0.21 13.74 0.27 Brazil : 1.19 16.74 0.10 7.20 9.93 0.90 India : 0.07 3.44 0.00 1.16 2.35 0.00 Major importers 4/ : 1.09 25.04 26.19 45.82 5.57 0.93 EU-15 : 0.86 11.44 19.80 25.84 5.54 0.73 China : 0.00 11.98 0.63 12.58 0.03 0.00 : : 2000/01 (Estimated) World 2/ : 3.86 117.24 40.55 116.90 40.88 3.87 United States : 0.27 35.73 0.05 28.80 6.90 0.35 Total foreign : 3.59 81.51 40.50 88.10 33.99 3.52 Major exporters 3/ : 1.17 35.13 0.10 9.00 26.30 1.10 Argentina : 0.27 14.05 0.00 0.22 14.00 0.10 Brazil : 0.90 17.55 0.10 7.30 10.25 1.00 India : 0.00 3.53 0.00 1.48 2.05 0.00 Major importers 4/ : 0.93 30.58 26.76 51.06 6.20 1.01 EU-15 : 0.73 13.40 20.34 27.67 6.09 0.71 China : 0.00 14.95 0.13 14.96 0.11 0.00 : : 2001/02 (Projected) World 2/ : October : 3.71 122.54 42.12 122.32 42.24 3.82 November : 3.87 123.12 42.53 123.05 42.54 3.93 United States : October : 0.30 36.06 0.05 29.44 6.71 0.25 November : 0.35 36.14 0.05 29.35 6.94 0.25 Total foreign : October : 3.42 86.48 42.08 92.88 35.52 3.57 November : 3.52 86.98 42.48 93.70 35.60 3.68 Major exporters 3/ : October : 1.00 37.12 0.10 9.18 27.92 1.12 November : 1.10 37.12 0.10 9.28 27.83 1.22 Argentina Oct : 0.17 15.12 0.00 0.23 14.78 0.29 Nov : 0.10 15.12 0.00 0.23 14.78 0.22 Brazil Oct : 0.83 18.25 0.10 7.50 10.85 0.83 Nov : 1.00 18.25 0.10 7.50 10.85 1.00 India Oct : 0.00 3.75 0.00 1.45 2.30 0.00 Nov : 0.00 3.75 0.00 1.55 2.20 0.00 Major importers 4/ : October : 1.01 32.88 28.03 54.76 6.10 1.06 November : 1.01 33.30 28.23 55.22 6.26 1.06 EU-15 Oct : 0.71 13.38 21.09 28.41 6.00 0.77 Nov : 0.71 13.80 21.19 28.77 6.16 0.77 China Oct : 0.00 17.16 0.30 17.36 0.10 0.00 Nov : 0.00 17.16 0.30 17.36 0.10 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-380-25 World Soybean Oil Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 1999/00 World 2/ : 2.18 24.79 7.10 24.37 7.28 2.41 United States : 0.69 8.09 0.04 7.28 0.62 0.91 Total foreign : 1.49 16.70 7.06 17.09 6.66 1.51 Major exporters 3/ : 0.75 9.76 0.80 4.60 5.92 0.78 Argentina : 0.25 3.12 0.00 0.11 3.04 0.23 Brazil : 0.32 4.03 0.22 3.00 1.20 0.36 EU-15 : 0.18 2.60 0.58 1.50 1.69 0.19 Major importers 4/ : 0.21 3.28 1.57 4.69 0.08 0.29 China : 0.19 2.48 0.56 2.87 0.08 0.28 Pakistan : 0.02 0.01 0.23 0.24 0.00 0.01 : : 2000/01 (Estimated) World 2/ : 2.41 26.79 7.58 26.49 7.78 2.52 United States : 0.91 8.36 0.03 7.35 0.65 1.30 Total foreign : 1.51 18.43 7.54 19.14 7.13 1.21 Major exporters 3/ : 0.78 10.50 0.85 5.15 6.42 0.56 Argentina : 0.23 3.19 0.00 0.11 3.20 0.11 Brazil : 0.36 4.27 0.21 3.10 1.46 0.28 EU-15 : 0.19 3.04 0.64 1.94 1.76 0.18 Major importers 4/ : 0.29 3.99 1.70 5.70 0.06 0.24 China : 0.28 3.15 0.08 3.22 0.06 0.23 Pakistan : 0.01 0.03 0.23 0.26 0.00 0.01 : : 2001/02 (Projected) World 2/ : October : 2.44 28.02 8.18 28.00 8.31 2.33 November : 2.52 28.15 8.22 28.02 8.37 2.49 United States : October : 1.27 8.51 0.04 7.57 1.11 1.13 November : 1.30 8.50 0.04 7.51 1.11 1.22 Total foreign : October : 1.17 19.51 8.14 20.42 7.20 1.20 November : 1.21 19.65 8.18 20.52 7.26 1.27 Major exporters 3/ : October : 0.58 10.91 0.80 5.25 6.46 0.59 November : 0.56 11.00 0.82 5.31 6.51 0.57 Argentina Oct : 0.15 3.43 0.00 0.12 3.30 0.16 Nov : 0.11 3.43 0.00 0.13 3.30 0.12 Brazil Oct : 0.26 4.44 0.20 3.21 1.45 0.24 Nov : 0.28 4.44 0.20 3.21 1.45 0.26 EU-15 Oct : 0.18 3.04 0.60 1.92 1.70 0.19 Nov : 0.18 3.13 0.62 1.97 1.76 0.19 Major importers 4/ : October : 0.18 4.47 1.75 6.14 0.09 0.17 November : 0.24 4.51 1.75 6.14 0.09 0.27 China Oct : 0.17 3.58 0.20 3.70 0.09 0.17 Nov : 0.23 3.62 0.20 3.70 0.09 0.27 Pakistan Oct : 0.01 0.03 0.25 0.28 0.00 0.00 Nov : 0.01 0.03 0.25 0.28 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-380-26 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : 3/ : : 3/ : : =============================================================================== : : 1999/00 : World : 45.13 87.36 28.46 91.90 27.28 0.20 41.58 United States : 3.94 16.97 0.10 10.24 6.75 0.09 3.92 Total foreign : 41.19 70.39 28.36 81.66 20.53 0.11 37.66 Major exporters 5/ : 12.96 39.75 2.49 25.26 15.72 -0.09 14.32 Pakistan : 1.71 8.60 0.48 7.65 0.42 0.03 2.70 India : 4.75 12.18 1.60 13.55 0.07 0.00 4.91 Central Asia 6/ : 1.50 7.30 0.01 1.29 5.78 0.00 1.74 Afr. Fr. Zone 7/ : 1.09 3.89 4/ 0.22 3.75 0.00 1.01 S. Hemis. 8/ : 2.93 5.28 0.28 1.20 4.34 -0.14 3.09 Australia : 2.09 3.46 4/ 0.19 3.21 -0.16 2.31 Argentina : 0.49 0.57 0.04 0.40 0.32 0.01 0.38 Major importers : 26.53 27.71 19.58 48.49 3.65 0.20 21.48 Brazil : 1.02 3.10 1.55 4.10 0.01 0.00 1.56 Mexico : 0.56 0.67 1.81 2.40 0.13 0.03 0.49 China : 21.13 17.60 0.12 22.20 1.69 0.00 14.96 Europe : 1.62 2.66 5.16 6.06 1.53 0.08 1.78 Turkey : 0.59 3.63 2.40 5.60 0.20 0.00 0.83 Selected Asia 9/ : 1.60 0.04 8.54 8.14 0.09 0.10 1.87 Indonesia : 0.22 0.01 2.08 2.00 0.02 0.05 0.24 South Korea : 0.41 4/ 1.52 1.48 0.02 0.00 0.43 : : 2000/01 (Estimated) : World : 41.58 88.41 26.73 91.79 26.40 -0.41 38.93 United States : 3.92 17.19 0.02 8.88 6.76 -0.52 6.00 Total foreign : 37.66 71.22 26.71 82.91 19.63 0.11 32.93 Major exporters 5/ : 14.32 37.09 2.34 25.64 15.57 -0.09 12.63 Pakistan : 2.70 8.20 0.45 8.10 0.58 0.03 2.65 India : 4.91 10.90 1.55 13.40 0.05 0.00 3.91 Central Asia 6/ : 1.74 6.44 0.01 1.59 5.08 0.00 1.51 Afr. Fr. Zone 7/ : 1.01 3.22 4/ 0.22 3.16 0.00 0.85 S. Hemis. 8/ : 3.09 5.74 0.19 1.10 5.29 -0.14 2.77 Australia : 2.31 3.60 4/ 0.18 3.90 -0.16 2.00 Argentina : 0.38 0.74 0.01 0.35 0.44 0.01 0.32 Major importers : 21.48 30.90 18.02 49.18 2.72 0.20 18.31 Brazil : 1.56 4.10 0.75 4.35 0.38 0.00 1.69 Mexico : 0.49 0.36 1.95 2.10 0.10 0.03 0.57 China : 14.96 20.30 0.23 23.50 0.45 0.00 11.54 Europe : 1.78 2.49 5.09 5.96 1.62 0.08 1.71 Turkey : 0.83 3.60 1.65 5.00 0.12 0.00 0.96 Selected Asia 9/ : 1.87 0.05 8.34 8.27 0.06 0.10 1.84 Indonesia : 0.24 0.01 2.65 2.40 0.02 0.05 0.44 South Korea : 0.43 4/ 1.42 1.40 0.01 0.00 0.44 =============================================================================== 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ For foreign countries, reflects cotton lost or destroyed in the marketing channel; for the United States, reflects the difference between implicit stocks based on supply less total use and ending stocks based on Bureau of Census data. 3/ World trade includes estimated trade among the 12 countries of the former USSR and three Baltic states 2.16 million bales in 1999/00 and 2.20 million in 2000/2001. 4/ Less than 5,000 bales. 5/ Includes Egypt, and Syria in addition to the countries and regions listed. 6/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 7/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 8/ Argentina, Australia, Paraguay, South Africa, Tanzania, and Zimbabwe. 9/ Hong Kong, Indonesia, Japan, South Korea, Taiwan, and Thailand. WASDE-380-27 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : 3/ : : 3/ : : =============================================================================== : : 2001/02 (Projected) World : October : 39.01 96.07 28.40 92.08 28.06 0.08 43.26 November : 38.93 96.87 28.42 91.64 28.11 0.09 44.38 United States : October : 6.00 20.07 0.01 8.30 9.00 -0.02 8.80 November : 6.00 20.18 0.01 8.10 9.40 -0.01 8.70 Total foreign : October : 33.01 76.00 28.39 83.78 19.06 0.10 34.46 November : 32.93 76.70 28.41 83.54 18.71 0.11 35.68 Major exporters 5/ : October : 12.60 39.85 2.66 26.16 15.25 -0.10 13.81 November : 12.63 39.90 2.76 25.84 14.90 -0.09 14.63 Pakistan Oct : 2.65 8.30 0.70 8.35 0.45 0.03 2.82 Nov : 2.65 8.30 0.65 8.25 0.40 0.03 2.92 India Oct : 4.11 12.50 1.55 13.40 0.05 0.00 4.71 Nov : 3.91 12.20 1.70 13.30 0.05 0.00 4.46 Central Asia 6/Oct : 1.52 6.88 0.01 1.81 4.98 0.00 1.60 Nov : 1.51 7.04 0.01 1.82 4.86 0.00 1.87 Afr. Fr. Zn. 7/Oct : 0.85 4.30 4/ 0.22 3.76 0.00 1.16 Nov : 0.85 4.38 4/ 0.22 3.74 0.00 1.27 S. Hemis 8/ Oct : 2.71 5.13 0.26 1.05 4.51 -0.15 2.69 Nov : 2.77 5.13 0.26 1.05 4.38 -0.14 2.87 Australia Oct : 1.94 3.10 4/ 0.15 3.20 -0.17 1.86 Nov : 2.00 3.10 4/ 0.15 3.15 -0.16 1.96 Argentina Oct : 0.32 0.55 0.02 0.33 0.28 0.01 0.29 Nov : 0.32 0.55 0.02 0.33 0.25 0.01 0.31 Major importers Oct : 18.41 33.11 19.16 49.35 2.54 0.19 18.60 Nov : 18.31 33.76 19.11 49.45 2.54 0.19 19.00 Brazil Oct : 1.69 3.30 1.30 4.20 0.35 0.00 1.74 Nov : 1.69 3.30 1.30 4.20 0.35 0.00 1.74 Mexico Oct : 0.57 0.44 1.75 2.00 0.10 0.03 0.64 Nov : 0.57 0.44 1.75 2.00 0.10 0.03 0.64 China Oct : 11.54 23.00 0.70 23.25 0.40 0.00 11.59 Nov : 11.54 23.50 0.70 23.50 0.40 0.00 11.84 Europe Oct : 1.71 2.41 5.09 5.93 1.47 0.07 1.73 Nov : 1.71 2.41 5.09 5.93 1.47 0.07 1.73 Turkey Oct : 0.96 3.90 1.75 5.50 0.15 0.00 0.96 Nov : 0.96 4.05 1.75 5.50 0.15 0.00 1.11 Sel. Asia 9/ Oct : 1.94 0.06 8.58 8.47 0.07 0.10 1.94 Nov : 1.84 0.06 8.53 8.32 0.07 0.10 1.94 Indonesia Oct : 0.54 0.01 2.60 2.55 0.02 0.05 0.54 Nov : 0.44 0.01 2.50 2.40 0.02 0.05 0.49 S. Korea Oct : 0.44 4/ 1.35 1.35 0.02 0.00 0.42 Nov : 0.44 4/ 1.35 1.35 0.02 0.00 0.42 =============================================================================== 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ For foreign countries, reflects cotton lost or destroyed in the marketing channel; for the United States, reflects the difference between implicit stocks based on supply less total use and ending stocks based on Bureau of Census data. 3/ World trade includes estimated trade among the 12 countries of the former USSR and three Baltic states of 2.25 million bales. 4/ Less than 5,000 bales. 5/ Includes Egypt, and Syria in addition to the countries and regions listed. 6/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 7/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 8/ Argentina, Australia, Paraguay, South Africa, Tanzania, and Zimbabwe. 9/ Hong Kong, Indonesia, Japan, South Korea, Taiwan, and Thailand. WASDE-380-28 U.S. Quarterly Animal Product Production 1/ =============================================================================== Year : : : Red : : : Total : Red : : : and : : : meat : : :poultry :meat & : : : quarter : Beef : Pork : 2/ :Broiler:Turkey: 3/ :poultry: Egg : Milk : =============================================================================== : Million pounds Mil doz Bil lbs 2000 : IV : 6511 5010 11634 7544 1385 9050 20684 1786 40.7 Annual : 26777 18928 46150 30495 5402 36427 82577 7035 167.7 : 2001 : I : 6182 4805 11096 7547 1332 9007 20103 1756 41.3 II : 6501 4544 11145 7926 1378 9437 20582 1775 42.7 III : 6720 4547 11367 7807 1377 9315 20682 1785 40.6 IV*: 6675 5100 11878 7800 1425 9340 21218 1835 40.9 Annual : Oct Proj : 26048 18809 45268 30998 5510 37018 82286 7151 165.5 Nov Proj : 26078 18996 45486 31081 5513 37099 82585 7151 165.5 : 2002 : I*: 6375 4750 11226 7775 1350 9250 20476 1800 42.3 II*: 6425 4625 11143 8125 1450 9705 20848 1790 43.9 III*: 6550 4700 11342 8025 1425 9575 20917 1815 41.8 Annual : Oct Proj : 25325 19125 44833 31800 5700 38000 82833 7270 169.9 Nov Proj : 25325 19125 44833 31925 5700 38125 82958 7270 169.9 =============================================================================== * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products =============================================================================== Year : Choice : Barrows : : : : : and : steers :and gilts : Broilers : Turkeys : Eggs : Milk : quarter : 1/ : 2/ : 3/ : 4/ : 5/ : 6/ : =============================================================================== : Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2000 : IV : 72.26 40.78 57.6 76.2 83.1 12.70 Annual : 69.65 44.70 56.2 70.5 68.9 12.33 : 2001 : I : 79.11 42.83 57.8 61.7 75.8 13.37 II : 75.13 52.05 59.2 65.0 63.3 15.30 III : 70.33 51.05 61.1 67.1 61.4 16.53 IV*: 65-67 38-40 58-60 71-73 72-74 14.95-15.25 Annual : Oct Proj : 73.37 47.23 59.0 66.7 68.9 15.35-15.45 Nov Proj : 72.64 46.23 59.3 66.5 68.4 15.05-15.15 : 2002 : I*: 66-70 41-43 56-60 60-64 66-70 12.85-13.45 II*: 74-80 45-49 58-62 62-68 56-60 11.95-12.85 III*: 78-84 43-47 60-64 67-73 58-62 12.50-13.50 Annual : Oct Proj : 75-81 43-46 58-63 66-71 63-69 12.95-13.85 Nov Proj : 74-80 42-45 58-63 66-71 62-67 12.75-13.65 =============================================================================== *Projection. 1/ Nebraska, Direct, 1100-1300 lbs. 2/ National Base, Live equiv 51-52% lean 3/ Wholesale, 12-city average. 4/ 8-16 lbs, hens, Eastern Region. 5/ Grade A large, New York, volume buyers. 6/ Price received by farmers for all milk. WASDE-380-29 U.S. Meats Supply and Use ============================================================================ : Supply : Use :--------------------------------------------------------- : : : : : : : Consumption : : Pro- : : : : :--------------- : Beg- : duc- : : : : End- : : Per Item :inning: tion : Im- :Total : Ex- : ing : :capita :stocks: 1/ :ports :supply: ports:stocks:Total : 2/ ============================================================================ : Million pounds 3/ BEEF : 2000 : 411 26888 3032 30331 2516 525 27290 69.4 2001 Proj. Oct : 525 26154 3089 29768 2248 480 27040 68.1 Nov : 525 26184 3139 29848 2198 480 27170 68.4 2002 Proj. Oct : 480 25431 3125 29036 2340 385 26311 65.7 Nov : 480 25431 3145 29056 2240 385 26431 66.0 : PORK : 2000 : 489 18952 967 20408 1305 477 18626 52.5 2001 Proj. Oct : 477 18839 915 20231 1541 450 18240 50.9 Nov : 477 19026 950 20453 1541 475 18437 51.5 2002 Proj. Oct : 450 19155 960 20565 1430 500 18635 51.6 Nov : 475 19155 960 20590 1430 500 18660 51.7 : TOTAL RED MEAT 4/ : 2000 : 914 46299 4128 51341 3827 1020 46494 123.7 2001 Proj. Oct : 1020 45417 4174 50611 3794 949 45868 120.9 Nov : 1020 45635 4248 50903 3744 974 46185 121.7 2002 Proj. Oct : 949 44982 4255 50186 3774 905 45507 119.0 Nov : 974 44982 4275 50231 3674 905 45652 119.4 : BROILERS : 2000 : 796 30209 6 31011 5548 798 24665 76.9 2001 Proj. Oct : 798 30673 9 31479 6193 675 24611 76.1 Nov : 798 30754 10 31562 6193 650 24719 76.4 2002 Proj. Oct : 675 31460 8 32143 6350 740 25053 76.8 Nov : 650 31583 8 32241 6350 700 25191 77.2 : TURKEYS : 2000 : 254 5333 1 5589 458 241 4889 17.8 2001 Proj. Oct : 241 5439 1 5681 492 250 4939 17.8 Nov : 241 5441 1 5684 501 250 4932 17.7 2002 Proj. Oct : 250 5625 1 5876 495 275 5105 18.2 Nov : 250 5625 1 5876 495 275 5105 18.2 : TOTAL POULTRY 5/ : 2000 : 1058 36073 9 37140 6229 1048 29863 95.8 2001 Proj. Oct : 1048 36620 12 37680 6788 933 29957 95.3 Nov : 1048 36700 14 37762 6823 908 30030 95.5 2002 Proj. Oct : 933 37585 11 38529 6925 1025 30577 96.5 Nov : 908 37708 11 38627 6925 985 30715 96.9 : RED MEAT & POULTRY: 2000 : 1972 82372 4137 88481 10056 2068 76357 219.5 2001 Proj. Oct : 2068 82037 4186 88291 10582 1882 75825 216.1 Nov : 2068 82335 4262 88665 10567 1882 76215 217.2 2002 Proj. Oct : 1882 82567 4266 88715 10699 1930 76084 215.5 Nov : 1882 82690 4286 88858 10599 1890 76367 216.3 ============================================================================ 1/ Total including farm production for red meats and, for poultry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis. 3/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 4/ Beef, pork, veal, lamb and mutton. 5/ Broilers, turkeys and mature chicken. WASDE-380-30 U.S. Egg Supply and Use =============================================================================== : : : 2001 Projected : 2002 Projected : : :-----------------:----------------- Commodity : 1999 : 2000 : Oct : Nov : Oct : Nov =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 8.4 7.6 11.4 11.4 13.0 13.0 Production : 6912.0 7034.9 7150.6 7150.6 7270.0 7270.0 Imports : 7.4 8.4 9.2 9.2 8.0 8.0 Total supply : 6927.8 7051.0 7171.1 7171.1 7291.0 7291.0 : Use : Exports : 161.7 171.8 175.4 175.4 165.0 165.0 Hatching use : 941.7 940.2 952.0 951.7 975.0 985.0 Ending stocks : 7.6 11.4 13.0 13.0 12.0 12.0 Consumption : Total : 5816.7 5927.5 6030.7 6031.0 6139.0 6129.0 Per capita (number) : 255.7 258.3 260.3 260.4 262.8 262.4 =============================================================================== U.S. Milk Supply, Use and Prices =============================================================================== : : : 2000/01 Proj 1/: 2001/02 Proj 1/ Commodity :1998/99:1999/00:-----------------:----------------- : 1/ : 1/ : Oct : Nov : Oct : Nov =============================================================================== MILK : Billion pounds Supply : Beg. commercial stocks 2/ : 5.8 7.4 8.9 8.9 8.0 8.8 Production : 161.2 167.4 165.2 165.3 169.0 168.9 Farm use : 1.3 1.3 1.3 1.3 1.2 1.2 Marketings : 159.8 166.1 164.0 164.0 167.7 167.7 Imports 2/ : 4.8 4.6 5.5 5.5 4.7 4.7 Total cml. supply 2/ : 170.5 178.2 178.4 178.4 180.4 181.1 Use : Commercial use 2/ 3/ : 162.8 168.5 170.1 169.3 172.3 172.9 Ending commercial stks. 2/: 7.4 8.9 8.0 8.8 8.0 8.0 CCC net removals: : Milkfat basis 4/ : 0.3 0.8 0.3 0.3 0.2 0.2 Skim-solids basis 4/ : 5.4 8.5 6.3 6.3 2.5 2.6 : : Dollars per cwt Milk Prices : Basic Formula/Class III 5/: 14.04 9.99 12.29 12.29 11.85- 11.25- : 12.65 12.05 : Class IV : NA 11.51 13.88 13.88 11.85- 11.40- : 12.85 12.40 : All milk 6/ : 15.38 12.61 14.46 14.48 13.55- 13.00- : 14.35 13.80 : : Million pounds CCC product net removals 4/: Butter : 1 11 0 0 5 5 Cheese : 6 17 16 16 3 3 Nonfat dry milk : 449 690 525 525 210 220 Dry whole milk : 12 34 3 3 0 0 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning October 1. 2/ Milk equivalent, milkfat basis. 3/ Includes commercial exports. 4/ Includes products exported under the Dairy Export Incentive Program. 5/ Basic Formula Price through Dec. 31, 1999; Class III price beginning Jan. 1, 2000 6/ Milk of average fat test. Does not reflect any deductions from producers as authorized by legislation. WASDE-380-31 Note: Tables on pages 31-33 present a 20-year record of the differences between the November projection and the final estimate. Using world wheat production as an example, changes between the November projection and the final estimate have averaged 5.0 million tons (1.0%) ranging from -18.1 to 7.2 million tons. The November projection has been below the estimate 12 times and above 8 times. Reliability of November Projections ------------------------------------------------------------------------------- :Differences between proj. & final estimate,1981/82-2000/01 1/ Commodity and :------------------------------------------------------------- region : Avg. : Avg. : Difference : Below final : Above final ------------------------------------------------------------------------------- WHEAT :Percent Million metric tons Number of years 2/ Production : World : 1.0 5.0 -18.1 7.2 12 8 U.S. : 0.4 0.2 -1.2 0.5 10 8 Foreign : 1.1 5.0 -18.2 7.4 12 8 Exports : World : 3.6 4.1 -12.6 5.8 14 6 U.S. : 6.0 2.1 -8.6 3.8 7 13 Foreign : 5.1 4.1 -11.2 5.5 16 4 Domestic use : World : 1.1 5.9 -18.0 10.9 11 8 U.S. : 5.8 1.8 -2.5 3.6 9 11 Foreign : 1.2 6.0 -21.1 10.7 14 6 Ending stocks : World : 4.8 5.7 -12.7 12.1 13 7 U.S. : 9.0 2.2 -7.0 5.4 10 10 Foreign : 4.7 4.3 -9.5 6.7 14 6 : COARSE GRAINS 3/ : Production : World : 0.9 7.5 -20.8 7.8 13 7 U.S. : 1.1 2.4 -7.5 5.8 12 8 Foreign : 1.2 6.9 -18.1 6.0 13 7 Exports : World : 4.8 5.0 -11.0 12.4 12 8 U.S. : 12.5 6.6 -14.7 13.6 11 9 Foreign : 9.7 4.9 -9.9 8.4 11 9 Domestic use : World : 1.1 9.0 -18.7 21.9 10 10 U.S. : 3.2 5.6 -17.2 17.1 10 10 Foreign : 1.2 7.6 -12.5 22.2 11 9 Ending stocks : World : 10.5 13.0 -32.1 13.2 15 5 U.S. : 17.0 8.6 -23.9 16.1 11 9 Foreign : 13.8 9.5 -22.9 6.7 17 3 : RICE, milled : Production : World : 2.0 6.7 -16.8 2.0 18 2 U.S. : 3.0 0.2 -0.3 0.5 9 10 Foreign : 2.0 6.7 -16.9 1.9 18 2 Exports : World : 8.3 1.5 -6.0 1.5 15 5 U.S. : 6.3 0.2 -0.7 0.6 10 7 Foreign : 9.9 1.5 -6.0 1.6 14 6 Domestic use : World : 1.5 5.0 -17.5 1.7 17 3 U.S. : 6.1 0.2 -0.4 0.5 11 9 Foreign : 1.5 5.0 -17.7 1.6 17 3 Ending stocks : World : 10.4 4.2 -13.9 3.6 15 5 U.S. : 17.2 0.2 -0.8 0.8 12 8 Foreign : 11.2 4.3 -14.0 3.3 15 5 ------------------------------------------------------------------------------- 1/ Footnotes at end of table. CONTINUED WASDE-380-32 Reliability of November Projections (Continued) ------------------------------------------------------------------------------- :Differences between proj. & final estimate,1981/82-2000/01 1/ Commodity and :------------------------------------------------------------- region : Avg. : Avg. : Difference : Below final : Above final ------------------------------------------------------------------------------- SOYBEANS :Percent Million metric tons Number of years 2/ Production : World : 2.6 3.0 -7.0 3.6 12 8 U.S. : 1.8 1.0 -2.7 2.1 6 14 Foreign : 4.5 2.8 -7.9 3.4 13 7 Exports : World : 5.3 1.9 -9.2 2.8 14 6 U.S. : 7.9 1.6 -2.9 5.2 12 8 Foreign : 17.3 1.8 -7.8 2.2 11 9 Domestic use : World : 2.6 3.2 -6.9 2.8 14 6 U.S. : 2.8 1.1 -3.6 1.1 15 5 Foreign : 3.4 2.8 -5.4 3.2 15 5 Ending stocks : World : 12.4 2.2 -4.1 5.3 11 9 U.S. : 29.4 2.2 -3.3 4.9 5 15 Foreign : 16.3 2.0 -6.6 3.1 12 8 : COTTON : Million 480-pound bales Production : World : 2.6 2.2 -6.5 5.8 13 7 U.S. : 2.5 0.4 -0.8 0.9 11 8 Foreign : 3.2 2.2 -6.8 5.6 11 9 Exports : World : 4.1 1.0 -2.6 1.5 11 9 U.S. : 14.0 0.8 -2.2 1.5 10 10 Foreign : 5.5 1.0 -3.0 1.7 8 11 Mill use : World : 2.1 1.7 -6.0 2.9 8 11 U.S. : 4.7 0.4 -0.9 1.1 13 7 Foreign : 2.1 1.6 -5.5 3.4 9 11 Ending stocks : World : 10.4 3.6 -8.6 10.8 10 10 U.S. : 24.9 1.0 -2.1 2.3 7 13 Foreign : 10.6 3.2 -9.3 10.2 12 8 ------------------------------------------------------------------------------- 1/ Final estimate for 1981/82-1999/00 is defined as the first November estimate following the marketing year and for 2000/01 last month's estimate. 2/ May not total 20 if projection was the same as final estimate. 3/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. WASDE-380-33 Reliability of United States November Projections 1/ ------------------------------------------------------------------------------- :Differences between proj. & final estimate,1981/82-2000/01 2/ Commodity and :------------------------------------------------------------- region : Avg. : Avg. : Difference : Below final : Above final ------------------------------------------------------------------------------- CORN :Percent Million bushels Number of years 3/ Production : 1.1 82 -250 159 11 8 Exports : 12.6 227 -575 483 10 10 Domestic use : 3.6 212 -574 535 13 7 Ending stocks : 20.0 336 -986 732 9 11 : SORGHUM : Production : 2.3 16 -53 52 10 10 Exports : 16.1 39 -115 97 12 7 Domestic use : 9.4 44 -114 127 8 12 Ending stocks : 34.2 37 -104 82 8 12 : BARLEY : Production : 1.3 6 -12 24 8 9 Exports : 21.6 14 -37 30 9 9 Domestic use : 5.6 22 -30 70 9 10 Ending stocks : 10.3 16 -38 23 13 6 : OATS : Production : 1.0 3 -18 16 7 7 Exports : 49.6 1 -4 7 4 6 Domestic use : 3.9 15 -39 36 11 9 Ending stocks : 13.3 17 -46 52 13 7 : : Thousand short tons SOYBEAN MEAL : Production : 2.8 863 -2578 937 13 7 Exports : 8.9 602 -1900 1450 10 10 Domestic use : 2.7 612 -1277 675 12 8 Ending stocks : 26.7 66 -249 188 9 10 : : Million pounds SOYBEAN OIL : Production : 3.0 413 -1418 740 13 7 Exports : 23.3 351 -900 964 9 11 Domestic use : 2.4 301 -985 500 14 6 Ending stocks : 18.3 276 -666 708 8 12 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 3.7 901 -716 2461 12 6 Pork : 3.0 477 -1240 1592 10 8 Broilers : 1.7 368 -1337 546 12 6 Turkeys : 2.5 110 -444 211 13 5 : : Million dozen Eggs : 1.4 86 -127 163 13 5 : : Billion pounds Milk : 1.1 1.6 -6.0 3.6 8 10 ------------------------------------------------------------------------------- 1/ See pages 31 and 32 for record of reliability for U.S. wheat, rice, soybeans, and cotton. 2/ Final estimate for 1981/82-99/00 is defined as the first November estimate following the marketing year and for 2000/01 last month's estimate. 3/ May not total 20 for crops and 18 for animal production if projection was the same as the final estimate. 4/ Calendar years 1983 thru 2000 for meats and eggs; October-September years 1982/83 thru 1999/2000 for milk. Final for animal products is defined as latest annual production estimate published by NASS. WASDE-380-34 METRIC CONVERSION FACTORS 1 Hectare = 2.4710 Acres 1 Kilogram = 2.205 Pounds --------------------------------------------------------------------- 1 Metric Ton : = Domestic Unit * Factor --------------------------------------------------------------------- Wheat & Soybeans : = bushels * .027216 Rice : = cwt * .045359 Corn, Sorghum & Rye : = bushels * .025401 Barley : = bushels * .021772 Oats : = bushels * .014515 Sugar : = short tons * .907185 Cotton : = 480-lb bales * .217720 --------------------------------------------------------------------- ----- End of File -----