FEED OUTLOOK November 13, 1996 Approved by the World Agricultural Outlook Board ----------------------------------------------------------------------------- FEED OUTLOOK is issued monthly by the Economic Research Service, U.S. Department of Agriculture, Washington, DC 20005-4788. FDS-1196. ----------------------------------------------------------------------------- HIGHLIGHTS o 1996 Corn Production Forecast Raised to 9,265 Million Bushels o Sorghum Crop Forecast Raised Another 23 Million Bushels o Feed Grain Prices Declining o International Competition To Remain Strong INCREASE IN FEED GRAIN SUPPLY OUTSTRIPS PROSPECTIVE GAINS IN USE Forecast feed grain supply for 1996/97 was raised 2.5 percent this month to 284.2 million metric tons because of larger corn and sorghum crops. This is more than 10 percent greater than the previous year, although well below 1994/95. Forecast use in 1996/97 was only increased slightly to 250.7 million tons. More abundant supplies are pushing down feed grain prices and will lead to some rebuilding of stocks. Ending stocks of feed grains are projected up nearly 6 million tons from last month to 33.6 million, and more than double the 1995/96 total. 1996 CORN OUTPUT FORECAST UP 253 MILLION BUSHELS U.S. corn production is forecast at 9,265 million bushels, based on conditions as of November 1, up 2.8 percent from last month. This stems from an increase in the forecast yield of 3.5 bushels per acre to an average of 126.5 bushels, reflecting favorable late season conditions. Compared with 1995, the crop is forecast nearly 26 percent higher. Prospective yields increased across most of the Corn Belt, including Indiana and Ohio, as well as many other States such as Kansas and Texas. The largest single production gain was in Iowa. Record yields are forecast for Nebraska, Kansas, and Missouri, as well as some smaller producing States including Pennsylvania, Maryland, and Virginia. Concerns about the negative impact of the late crop have now been largely alleviated. Killing frosts occurred later than normal in most of the major corn growing areas, allowing the crop to mature. The harvest is now just slightly behind average, with 79 percent harvested nationally as of November 10, compared with the 5-year average of 81 percent. Although large, this month's increase in the forecast production is not unprecedented. In both 1992 and 1994, the November crop forecast was raised 4 percent. There are several rough similarities between the 1992 season and 1996. In both years, cool weather was favorable for pollination but tended to delay crop maturity. For the seven States where objective yield surveys are conducted, a record ear count per acre is indicated for 1996. The previous record for final ears per acre was set in 1992. Although the 1992 crop was planted on time, and this year's was planted late, the 1992 harvest was even slower, with only 50 percent of the crop harvested by the first week of November because of delays caused by heavy rains and snow. SORGHUM CROP FORECAST AT 820 MILLION BUSHELS Total sorghum production in 1996 is forecast at 820 million bushels, up 78 percent from last year, and 3 percent higher than October. Area harvested, at 12 million acres, is forecast up 45 percent from last year and yields are up 23 percent. The average yield is up 2 bushels from last month to 68.4 bushels per acre, the fourth largest on record. Since the first of October, yields were up in Arkansas, Colorado, Kansas, and Nebraska, more than offsetting declines in Mississippi and Louisiana. Production in Kansas, the State with the largest acreage and production, is up 112 percent from last year, reflecting sharp increases in both acreage and yields. Nebraska has the highest State yield in 1996 at 94 bushels per acre, up from 58 in 1995. Kentucky and Missouri both have yields of 92 bushels per acre in 1996, up from 84 and 73 bushels in 1995. PROJECTED CORN STOCKS INCREASED 204 MILLION BUSHELS Forecast feed and residual use of corn in 1996/97 was raised 50 million bushels from last month to 4,975 million, in light of the larger crop and more attractive prices. This is up 6 percent from 1995/96. Corn will be competing with larger supplies of other grains and feedstuffs, limiting the potential gains. No changes were made in forecast exports or food and industrial use this month. Ending stocks of corn in 1996/97 are projected at 1,107 million bushels, up 204 million from a month ago. This would be more than double the very low 426 million of 1995/96, but below those of 1994/95. As an indication of the dramatically different market setting from last year, the ratio of stocks-to-use is projected to rise to 12.9 percent from 5 percent last year. CORN, SORGHUM, AND BARLEY PRICE FORECASTS CUT DUE TO LARGER SUPPLIES The forecast season average farm price of corn in 1996/97 was lowered 30 cents this month to $2.50-2.90 per bushel in the face of the larger crop. The price forecast for sorghum was reduced 35 cents to $2.20-2.60 per bushel, also reflecting more abundant supplies. Sorghum prices are also expected to be much weaker relative to corn this year, falling below the historical relationship of about 92-94 percent. In 1995/96, sorghum prices nearly matched those of corn, averaging an unusually high 98 percent, given the very tight feed grain market. Market prices for all the feed grains have continued to slide over the last month. Cash prices for corn at Central Illinois points fell as low as $2.51 per bushel in early November, down about 40 cents in a month, and the lowest since late May 1995. The December futures contract for corn dropped as low as $2.60 before a slight rebound prior to the November crop report. The average farm price of corn fell to under $3.00 per bushel for the first in 11 months, to a preliminary $2.91 in October. This was down 65 cents from September, following a 74-cents drop from August to September. These were the sharpest month-to-month declines on record. The October farm price of sorghum was a preliminary $2.56 per bushel, down 49 cents from September, and the lowest since May 1995. The forecast farm price of all barley for 1996/97 was trimmed 5 cents to $2.40-2.80 per bushel. Although falling corn prices will probably pull down barley prices, a fairly substantial share of the barley crop is normally marketed by this time, reducing the potential for large adjustments in the season average. At the onset of the barley marketing year, farm prices for feed barley were very strong at well over $3.00 per bushel, and in June feed barley actually received a premium over malting barley. Since then, a more typical pattern has begun to develop, with malting barley receiving a premium over feed, as feed grain supplies have started to rebound. This premium increased to 61 cents in October. 1995/96 FINAL CORN EXPORTS WERE 2,228 MILLION BUSHELS Based on data from the Bureau of the Census, U.S. corn exports totaled 2,228 million bushels in 1995/96, up slightly from the previous forecast and 2 percent higher than 1994/95. This was the fourth highest export year on record and the highest since 1989/90. Sorghum exports declined about 11 percent to 198 million bushels. Japan remained the top market for U.S. corn, taking nearly twice as much as the next largest customer, South Korea, although shipments were down 3 percent from 1994/95. Exports to South Korea were up nearly 4 percent to a record 8.3 million tons. Mexico surpassed Taiwan as the third leading destination, with exports more than doubling from the year before to a record 6.5 million tons (and more than double the NAFTA required minimum import level). This reflected strong demand and a short domestic crop. Exports to Taiwan were about unchanged, but it slipped to the fourth largest market. Exports to China declined more than 30 percent from the previous year and its rank fell from fourth to sixth. There were many offsetting changes in U.S. exports to other markets. Sales to Malaysia, which normally buys from other Asian suppliers, were up sharply. Exports to South Africa were up due to a drought-reduced crop in 1995, while gains in sales to the Philippines reflected growing feed demand. On the other hand, there were notable declines in exports to North Africa, Iran, and Brazil. Given total corn disappearance of 8,522 million bushels for 1995/96, the adjustment in the export data resulted in a drop of 13 million bushels in feed and residual use to 4,711 million. INTERNATIONAL MARKET COMPETITION HEATS UP The U.S. 1996/97 corn export forecast remains unchanged despite larger production and lower prices because of increasing competition in international markets. Forecast foreign coarse grain production is up this month, with increases for both importing countries and export competitors. In the Southern Hemisphere, planting is underway. Argentina is expected to harvest 13.5 million tons of corn, up 1 million from last month, on increased area and favorable early season growing conditions. The forecast for Argentina's corn exports increased 750,000 tons, as Argentina is expected to sell aggressively. South Africa is forecast to export less, offsetting the increase for Argentina, because it is not expected to be as competitive at lower prices. U.S. corn exports are facing strong competition from other grains as well. The European Union (EU) resumed export subsidies late this summer for the first time in over a year. The subsidies have been increasing as prices have dropped. Barley export restitutions for most of October averaged nearly $40 per ton, up from a very small or no subsidy in August. The EU is also subsidizing large exports of rye and oats. Canada and Australia are also expected to have large barley exports. Unfavorable harvest conditions damaged wheat quality in several Canadian regions, boosting supplies of feed wheat, that are expected to be marketed in direct competition with U.S. corn in markets like South Korea. ****************************************************************************** * Information Contacts: Pete Riley (202) 501-8512 * * Allen Baker (202) 219-0360 * * International Analysis: Edward Allen (202) 219-0831 * * Data Coordinator: Jenny Gonzales (202) 219-0704 * * The next Feed Outlook will be released December 13, 1996. * ****************************************************************************** NOTE: THE ANNUAL FEED YEARBOOK IS NOW SCHEDULED FOR MARCH 1997. Table 1--Feed Grains: Marketing year supply and disappearance 1/ ------------------------------------------------------------------------------- Year/ Beg. Produc- Im- Supply FSI Feed & Ex- Total End. Farm Qtr. stocks tion ports resid. ports disp. stks. price ------------------------------------------------------------------------------- CORN -------------------------Million bushels--------------------- $/bu 1993/94 Sep-Nov 2,113 6,336 5 8,455 380 1,703 435 2,518 5,937 2.34 Dec-Feb 5,937 --- 8 5,945 376 1,243 330 1,949 3,996 2.71 Mar-May 3,996 --- 6 4,002 418 955 270 1,642 2,360 2.67 Jun-Aug 2,360 --- 1 2,361 418 800 293 1,511 850 2.34 Mkt. yr. 2,113 6,336 21 8,470 1,591 4,700 1,328 7,620 850 2.50 1994/95 Sep-Nov 850 10,103 2 10,955 406 2,019 449 2,874 8,080 2.05 Dec-Feb 8,080 --- 4 8,084 406 1,497 590 2,493 5,592 2.18 Mar-May 5,592 --- 3 5,595 445 1,167 568 2,180 3,415 2.35 Jun-Aug 3,415 --- 1 3,416 434 854 570 1,858 1,558 2.59 Mkt. yr. 850 10,103 10 10,962 1,690 5,537 2,177 9,405 1,558 2.26 1995/96 Sep-Nov 1,558 7,374 4 8,935 409 1,760 660 2,830 6,106 2.80 Dec-Feb 6,106 --- 5 6,111 397 1,352 562 2,311 3,800 3.15 Mar-May 3,800 --- 5 3,805 411 1,066 610 2,087 1,718 3.76 Jun-Aug 1,718 --- 3 1,721 366 533 396 1,294 426 4.31 Mkt. yr. 1,558 7,374 16 8,948 1,583 4,711 2,228 8,522 426 3.24 1996/97 Mkt. yr. 426 9,265 10 9,702 1,670 4,975 1,950 8,595 1,107 2.50-2.90 SORGHUM 1993/94 Sep-Nov 175 534 0 709 1 223 39 263 446 2.22 Dec-Feb 446 --- 0 446 1 109 60 170 276 2.59 Mar-May 276 --- 0 276 1 83 64 148 128 2.39 Jun-Aug 128 --- 0 128 1 41 38 81 48 2.10 Mkt. yr. 175 534 0 709 4 456 202 662 48 2.31 1994/95 Sep-Nov 48 649 0 697 0 210 64 274 422 1.91 Dec-Feb 422 --- 0 422 1 80 61 142 281 2.02 Mar-May 281 --- 0 281 1 67 54 122 159 2.18 Jun-Aug 159 --- 0 159 1 43 43 87 72 2.64 Mkt. yr. 48 649 0 697 3 400 223 625 72 2.13 1995/96 Sep-Nov 72 460 0 532 1 176 54 231 301 2.36 Dec-Feb 301 --- 0 301 1 71 67 139 163 3.25 Mar-May 163 --- 0 163 1 55 36 92 70 3.94 Jun-Aug 70 --- 0 70 1 10 41 52 18 3.63 Mkt. yr. 72 460 0 532 4 312 198 514 18 3.19 1996/97 Mkt. yr. 18 820 0 839 4 525 225 754 85 2.20-2.60 ------------------------------------------------------------------------------- Table 1--Feed Grains: Marketing year supply and disappearance, (cont.) 1/ ------------------------------------------------------------------------------- Year/ Beg. Produc- Im- Supply FSI Feed & Ex- Total End. Farm Qtr. stocks tion ports resid. ports disp. stks. price ------------------------------------------------------------------------------- BARLEY -----------------------Million bushels--------------------- $/bu 1993/94 Jun-Aug 151 398 3 552 43 92 15 150 403 1.91 Sep-Nov 403 --- 11 413 37 28 15 80 333 2.02 Dec-Feb 333 --- 24 357 34 87 12 133 224 2.19 Mar-May 224 --- 34 258 53 43 24 119 139 2.24 Mkt. yr. 151 398 71 621 166 250 66 482 139 1.99 1994/95 Jun-Aug 139 375 24 538 44 122 20 186 352 2.00 Sep-Nov 352 --- 14 366 36 32 19 87 279 1.98 Dec-Feb 279 --- 14 292 36 53 11 99 193 2.05 Mar-May 193 --- 14 207 51 27 17 95 113 2.15 Mkt. yr. 139 375 66 580 166 235 66 467 113 2.03 1995/96 Jun-Aug 113 360 12 484 42 113 17 172 313 2.53 Sep-Nov 313 --- 8 321 38 30 11 78 243 2.80 Dec-Feb 243 --- 8 251 34 19 20 73 178 3.18 Mar-May 178 --- 12 190 52 23 16 91 100 3.29 Mkt. yr. 113 360 41 513 166 185 62 413 100 2.89 1996/97 Mkt. yr. 100 397 45 541 166 235 35 436 105 2.40-2.80 OATS 1993/94 Jun-Aug 113 207 17 337 32 84 1.5 118 219 1.35 Sep-Nov 219 --- 35 254 29 30 0.7 60 194 1.33 Dec-Feb 194 --- 31 225 27 51 0.5 79 147 1.42 Mar-May 147 --- 24 170 37 28 0.2 65 106 1.39 Mkt. yr. 113 207 107 427 125 193 3.0 321 106 1.36 1994/95 Jun-Aug 106 229 20 355 32 103 0.2 135 220 1.19 Sep-Nov 220 --- 34 254 30 32 0.2 62 192 1.19 Dec-Feb 192 --- 23 215 28 38 0.4 66 149 1.21 Mar-May 149 --- 16 165 35 29 0.2 64 101 1.36 Mkt. yr. 106 229 93 428 124 202 1.0 327 101 1.22 1995/96 Jun-Aug 101 162 28 290 32 78 0.4 110 180 1.48 Sep-Nov 180 --- 26 206 30 23 0.5 53 153 1.52 Dec-Feb 153 --- 18 171 27 30 0.3 58 113 1.94 Mar-May 113 --- 9 122 34 21 0.8 56 66 2.21 Mkt. yr. 101 162 81 343 123 152 2.0 277 66 1.68 1996/97 Mkt. yr. 66 155 85 307 120 115 3.0 238 69 1.65-2.05 ------------------------------------------------------------------------------- Totals may not add due to rounding. 1/ Corn and sorghum are on a September 1 to August 31 marketing year. Barley and oats are on a June 1 to May 31 marketing year. Table 2--Feed and residual use of wheat and coarse grains ------------------------------------------------------------------------------ Year Feed Total Animal Feed/ Beginning Corn Sorg. Barley Oats Grains Wheat grains Units animal September 1 unit ------------------------------------------------------------------------------ -------------Million metric tons -------------- Mil. Tons 1993/94 Sep-Nov 43.2 5.7 0.6 0.5 50.1 -1.0 49.0 Dec-Feb 31.6 2.8 1.9 0.8 37.1 1.1 38.1 Mar-May 24.2 2.1 0.9 0.5 27.8 -0.7 27.1 Jun-Aug 20.3 1.0 2.7 1.5 25.6 10.2 35.8 Mkt. yr. 119.4 11.6 6.1 3.4 140.4 9.6 150.0 84.0 1.79 % Change -10.7 -3.1 58.1 7.1 -8.0 145.2 -4.2 1.5 -5.6 1994/95 Sep-Nov 51.3 5.3 0.7 0.6 57.9 -0.8 57.1 Dec-Feb 38.0 2.0 1.2 0.6 41.8 0.7 42.5 Mar-May 29.6 1.7 0.6 0.5 32.4 -0.8 31.6 Jun-Aug 21.7 1.1 2.5 1.2 26.4 8.3 34.7 Mkt. yr. 140.6 10.2 4.91 2.8 158.5 7.4 166.0 84.3 1.97 % Change 17.8 -12.4 -19.4 -15.8 12.9 -22.4 10.6 0.4 10.2 1995/96 Sep-Nov 44.7 4.5 0.7 0.4 50.2 -2.7 47.5 Dec-Feb 34.3 1.8 0.4 0.5 37.1 0.3 37.4 Mar-May 27.1 1.4 0.5 0.3 29.3 -1.8 27.5 Jun-Aug 13.5 0.2 3.1 0.9 17.8 10.4 28.1 Mkt. yr. 119.7 7.9 4.6 2.1 134.4 6.2 140.6 84.9 1.66 % Change -14.9 -22.0 -5.7 -24.5 -15.3 -16.4 -15.3 0.7 -15.9 1996/97 Mkt. yr. 126.4 13.3 4.1 2.1 145.9 8.0 153.9 85.7 1.80 % Change 5.6 68.4 -11.5 -2.6 8.6 28.6 9.5 0.9 8.5 ------------------------------------------------------------------------------ Table 3--Grain shipments and rates ------------------------------------------------------------------------------- 1994/95 -------1995/96---- ----1996/97---- Mkt. Yr. Mkt. Yr. September September ------------------------------------------------------------------------------- Barge shipments 1/ 3.1 4/ 3.7 3.9 NA (Million ton/month) Barge rate index 2/ 160.8 151.5 224.8 116.2 (Dec 1990 = 100) Railcar loadings 3/ 28.5 28.2 31.2 17.9 (1,000 cars/week) Rail rate index 2/ 116.6 116.7 117.0 116.1 (Dec 1984 = 100) ------------------------------------------------------------------------------- 1/ Illinois & Mississippi rivers. Includes soybeans and all grains. Source: U.S. Army Corps of Engineers 2/ Source: Bureau of Labor Statistics 3/ Includes soybeans and all grains. Source: Association of American Railroads. 4/ 11-months average. NA = Not available. Table 4--Cash feed grain prices ------------------------------------------------------------------------------- Corn, Corn, Sorghum, Sorghum, Barley, Barley, Oats, No. 2, No. 2, No. 2, Yel No. 2, No. 2, No. 3 or No. 2, Yel, Yel, Texas Yel, feed, better, Heavy Ctrl. Gulf South Gulf Duluth Malting, white, IL ports Panhandle ports Minn. Minn. 1/ 1/ 1/ 1/ 2/ 2/ 2/ ------------------------------------------------------------------------------- Mkt. yr. $/bu $/bu $/cwt $/cwt $/bu $/bu $/bu 92/93 2.12 2.46 4.06 4.27 2.11 2.37 1.58 93/94 2.54 2.85 4.95 4.90 2.05 2.48 1.55 94/95 2.34 2.78 4.75 4.62 2.02 2.75 1.36 95/96 3/ 3.91 4.30 7.30 7.19 2.67 3.69 2.28 Monthly: 1995: Jun 2.65 3.04 5.26 4.97 2.22 3.15 1.73 Jul 2.79 3.23 5.61 5.41 2.25 3.69 1.92 Aug 2.68 3.21 5.53 5.38 2.09 3.22 1.96 Sep 2.83 3.32 5.84 5.78 2.06 3.58 2.04 1996: Jun 4.74 4.99 8.57 7.95 3.22 3.28 2.11 Jul 4.70 5.07 8.35 7.38 2.79 3.74 2.48 Aug 4.48 4.73 7.43 6.89 2.60 3.40 2.36 Sep 3.39 3.69 6.30 5.89 2.34 3.15 2.08 ------------------------------------------------------------------------------- 1/ Marketing year beginning September 1. 2/ Marketing year beginning June 1. 3/ Preliminary. Table 5--Selected feed and feed by-product prices ------------------------------------------------------------------------------- Soybean Cotton- Corn Corn Meat & Dists.' Wheat Alfalfa meal seed gluten gluten bone dried midlgs, farm 44% slv. meal, feed, meal, meal, grains, Kansas price Decatur, 41% slv. IL IL Central Lawrence- City IL Memphis pts. pts. U.S. burg, IN 1/ 1/ 1/ 1/ 1/ 1/ 1/ 2/ 3/ ------------------------------------------------------------------------------- ------------------------------$/ton---------------------------------- Mkt. yr. 92/93 180.80 159.22 95.95 284.60 220.93 122.84 69.69 78.20 93/94 181.82 168.36 88.62 286.61 206.81 123.79 81.51 89.30 94/95 151.77 112.64 82.77 221.95 170.51 106.70 65.04 92.10 95/96 217.27 186.12 116.47 319.35 222.07 151.37 118.08 88.20 Monthly: 1995: Jun 149.10 108.75 79.90 208.10 161.60 98.90 63.61 91.60 Jul 160.10 116.90 81.90 218.75 159.80 101.00 61.80 89.60 Aug 157.50 116.50 79.40 232.00 157.40 NQ 71.90 87.00 Sep 171.75 137.60 81.60 250.00 166.70 112.00 88.10 86.80 1996: Jun 227.90 192.20 122.10 315.00 231.80 190.00 127.80 96.90 Jul 242.30 201.75 109.30 308.50 239.60 175.40 112.70 92.90 Aug 251.10 193.10 111.60 295.00 246.60 NQ 115.80 96.00 Sep 265.50 193.10 115.75 329.40 279.80 164.00 115.40 95.70 ------------------------------------------------------------------------------- 1/ Marketing year beginning September 1. NQ = No quotes. 2/ Marketing year beginning May 1. 3/ Includes monthly & marketing year revisions from 1994/95. Table 6--Corn: Food, and industrial uses --------------------------------------------------------------------------- Glucose ---Alcohol--- Cereals and Bev. & other Total Year HFCS dex. Starch Fuel & Mfg products F&I --------------------------------------------------------------------------- Million bushels 1993/94 Sep-Nov 98.5 55.8 56.4 112.2 27.7 29.4 380.1 Dec-Feb 95.3 49.6 52.7 119.3 29.9 29.1 375.8 Mar-May 118.0 56.7 56.3 112.4 24.9 29.7 398.2 Jun-Aug 131.8 60.8 57.3 114.3 23.2 29.7 417.1 Mkt year 443.6 222.9 222.7 458.3 105.8 118.0 1571.3 1994/95 Sep-Nov 104.6 58.8 57.3 134.4 21.2 29.4 405.8 Dec-Feb 100.5 51.5 55.0 141.5 27.9 29.1 405.5 Mar-May 123.8 58.4 56.2 137.7 24.2 29.7 430.1 Jun-Aug 135.6 62.3 57.3 119.1 26.7 29.7 430.8 Mkt year 464.6 231.1 225.7 532.8 100.0 118.0 1672.1 1995/96 Sep-Nov 110.1 60.7 55.8 121.1 32.3 29.4 409.4 Dec-Feb 105.1 52.9 51.5 120.8 37.5 29.1 396.9 Mar-May 130.8 60.7 54.9 91.8 25.0 29.7 393.1 Jun-Aug 136.2 62.8 57.0 61.9 15.5 29.7 363.2 Mkt year 482.2 237.0 219.3 395.7 110.4 118.0 1562.6 1996/97 Mkt year 505.0 245.0 230.0 450.0 100.0 120.0 1650.0 --------------------------------------------------------------------------- Table 7--Wholesale corn milling product and by-product prices ------------------------------------------------------------------------------ Corn meal, Brewers' Sugar, HFCS, 42% Corn starch, yellow, grits, destrose, tank cars, fob Midwest New York Chicago Midwest Midwest 3/ ------------------------------------------------------------------------------ $/cwt $/cwt cents/lb cents/lb $/cwt Mkt. yr. 1/ 92/93 13.39 9.68 24.50 13.30 10.70 93/94 14.49 10.98 25.44 14.63 12.61 94/95 13.22 10.67 25.62 12.27 12.43 95/96 2/ 17.79 14.21 25.50 13.01 15.98 Monthly 1995: Jul 13.85 11.30 25.50 11.70 13.64 Aug 13.80 11.25 25.50 11.80 13.85 Sep 14.34 11.80 25.50 11.80 13.67 Oct 2/ 14.76 12.23 25.50 12.55 13.94 1996: Jul 20.45 16.35 25.50 13.15 18.65 Aug 21.72 17.62 25.50 13.15 19.19 Sep 20.38 16.29 25.50 13.15 18.50 Oct 2/ 17.28 13.20 25.50 13.15 15.41 ------------------------------------------------------------------------------ 1/ Marketing year beginning September 1. 2/ Preliminary. 3/ Bulk-industrial, unmodified. Table 8--U.S. feed grain exports by selected destinations 1/ ------------------------------------------------------------------------------ Country/region ------1993/94------ ------1994/95------ 1995/96 Sep-Aug Sep-Aug Sep-Aug ------------------------------------------------------------------------------ CORN --------------------Thousand tons--------------------- Japan 12,322 15,849 15,303 S. Korea 508 8,005 8,285 Mexico 1,468 2,985 6,453 Taiwan 5,077 6,027 5,938 EU 1,765 2,836 2,842 China 0 3,240 2,207 Egypt 1,553 2,569 2,167 Canada 603 1,096 808 Algeria 1,176 1,000 522 South Africa 12 187 347 Sub-Saharan Africa 394 449 321 East Europe 48 112 188 Former USSR 2,909 140 34 Others 5,813 10,723 11,077 Total 33,649 55,218 56,494 SORGHUM Mexico 2,972 2,557 1,759 Japan 1,640 2,050 1,617 Others 432 1,008 1,591 Total 5,044 5,615 4,968 ---------------------------------------------------------- ------1994/95--- ------1995/96------ 1996/97 Mkt. yr. June-Aug Mkt. yr. June-Aug June-Aug BARLEY ---------------------------------------------------------- Saudi Arabia 203 0 373 0 0 Israel 468 199 42 42 7 Jordan 51 51 0 0 0 Others 671 145 932 362 163 Total 1,392 394 1,347 405 170 ------------------------------------------------------------------------------ 1/ Totals may not add due to rounding. Source: Bureau of the Census Table 9--U.S. imports by country of origin ------------------------------------------------------------------------------ Country/region ------1994/95--- ------1995/96------ 1996/97 Mkt. yr. June-Aug Mkt. yr. June-Aug June-Aug ------------------------------------------------------------------------------ OATS --------------------Thousand tons--------------------- Canada 1,161 255 1,302 408 106 Finland 374 71 22 8 0 Sweden 70 26 62 62 0 Other 0 0 0 0 0 Total 1/ 1,605 351 1,387 478 106 BARLEY, MALTING Canada 715 215 740 191 142 Other 0 0 0 0 0 Total 1/ 716 215 740 191 142 BARLEY, OTHER 2/ Canada 702 300 141 68 51 Other 16 10 6 0 0 Total 1/ 719 310 147 68 51 ------------------------------------------------------------------------------ 1/ Totals may not add due to rounding. 2/ Mainly consists of barley for feeding, and also includes seed barley. Source: Bureau of the Census END-OF-FILE