ISSN:1554-9089 WASDE-462 September 12, 2008 WHEAT: The 2008/09 U.S. wheat and wheat by-class balance sheets are unchanged this month. The projected range for the all wheat season-average farm price is narrowed 20 cents on each end of the range to $6.70 to $7.80 per bushel. Tight world supplies of higher quality milling wheat are expected to support domestic farm prices. Global 2008/09 wheat production is projected at a record 676.3 million tons, up 5.5 million from last month. Increases for EU-27, Russia, and Ukraine more than offset reductions for Argentina, Australia, and Kazakhstan. EU-27 production is increased 4.0 million tons as harvest results indicate higher-than-expected yields especially for Germany, which accounts for half of this month's increase. Production is raised 3.0 million tons for Russia and 2.5 million tons for Ukraine on higher reported area and higher yields as indicated by harvest results. Argentina production is lowered 1.0 million tons as excessive dryness reduces planted area and continues to hamper crop development, particularly in the north central growing regions. Production is lowered 3.0 million tons for Australia on August dryness that reduced yield prospects, particularly in Western Australia and in pockets of southeastern Australia where dryness persisted. Kazakhstan production is lowered 0.8 million tons on early harvest results that suggest summer dryness has trimmed spring wheat yields in some growing regions. Changes for other FSU-12 states are nearly offsetting. Production for Brazil and Canada are each raised 0.4 million tons based on the most recent government indications. World imports and exports for 2008/09 are raised mostly reflecting increased supplies of feed quality wheat and increased prospects for wheat feeding. Imports are increased 0.5 million tons each for South Korea and Philippines and 0.4 million tons for Israel. Wheat feeding is increased by similar amounts for these countries as more competitively priced feed quality wheat reduces corn feeding. Increased supplies of lower quality wheat in EU-27, Russia, and Ukraine also boost wheat feeding and exports. Exports are raised 2.5 million tons for EU-27 and 0.5 million tons each for Russia and Ukraine. Exports are also raised 0.5 million tons for Canada. Partly offsetting are reductions of 1.0 million tons each for Argentina and Australia, and 0.6 million tons for Kazakhstan. Global ending stocks for 2008/09 are projected 3.7 million tons higher this month. At 139.9 million tons, stocks are expected to increase 21.4 million tons on the year. COARSE GRAINS: U.S. feed grain supplies for 2008/09 are reduced this month with lower forecast corn production. At 12.1 billion bushels, USDA's September Crop Production report reduces production 216 million bushels on lower expected yields. The forecast yield of 152.3 bushels per acre is down 2.7 bushels from last month, reflecting August dryness throughout much of the Corn Belt. Feed and residual use is lowered 100 million bushels on increased sorghum feeding, lower expected residual loss with the smaller crop, and higher expected prices. Ending stocks are lowered 115 million bushels. The season-average farm price is projected at $5.00 to $6.00 per bushel, up 10 cents on each end of the range. U.S. sorghum production for 2008/09 is raised 16 million bushels this month reflecting a 2.4-bushel-per-acre increase in the forecast yield. Feed and residual use is raised 10 million bushels with the increase in supplies. Sorghum ending stocks are also raised 6 million bushels. The sorghum season-average farm price is projected at $4.45 to $5.45 per bushel, up 5 cents on each end of the range. Price projections for barley and oats are both lowered based on early indications from actual reported prices. Global coarse grain production for 2008/09 is lowered 2.4 million tons. Higher FSU-12 barley and oats production, higher China and Mexico corn production, and higher Canada corn, barley, and oats production are more than offset by reduced U.S. and Argentina corn output and lower Australia barley output. Barley production is raised 3.0 million tons for Russia and 0.5 million tons for Ukraine on harvest results. China corn production is raised 3.0 million tons as adequate to abundant summer rainfall throughout most of the growing areas supports a projected record corn crop. Coarse grain production is raised 1.2 million tons for Canada in line with the latest official government estimate. Corn production for Argentina is lowered 3.0 million tons as more favorable returns for soybeans and continued uncertainty about government export policies reduce producer incentives for growing corn. Australia barley production is lowered 1.0 million tons on August dryness in key growing areas. Mexico corn production is raised 1.0 million tons as good summer rainfall improves crop prospects in most of the key growing areas. Other notable changes this month include an 0.8-million-ton reduction in Philippines corn production and a 0.4-million-ton reduction in EU-27 corn production. World coarse grain imports, exports, and feeding for 2008/09 are all lowered this month reflecting tighter supplies of corn and increased wheat feeding. Corn imports are lowered 1.0 million tons each for EU-27 and Mexico with smaller reductions for South Korea, Israel, Canada, and Colombia. Corn exports are reduced 2.0 million tons for Argentina and 0.5 million tons for Ukraine. Global corn feeding is lowered 3.6 million tons with reductions for Argentina, Israel, South Korea, Philippines, Ukraine, and the United States more than offsetting increases for China and South Africa. Partly offsetting the reduction in corn feeding is a 0.6-million-ton increase in barley feeding. Total grain feeding, however, increases month-to-month as world wheat feeding is raised 4.7 million tons. Global coarse grain ending stocks for 2008/09 are projected up 3.2 million tons mostly on higher world barley stocks, up 4.4 million tons this month. World barley stocks are expected to be the highest in 3 years. Small increases in projected sorghum and oats stocks also boost coarse grain ending stocks and more than offset a 2.4-million-ton reduction in global corn stocks. RICE: U.S. rice production in 2008/09 is forecast at 206.9 million cwt, up 1 percent from last month due to an increase in area. Harvested area is estimated at 2.924 million acres, up 45,000 acres from the August estimate. The average yield is estimated at 7,076 pounds per acre, down 40 pounds per acre from last month. Long-grain production is estimated at 157.3 million cwt, up 2 percent from last month, while combined medium- and short-grain production is estimated at 49.6 million cwt, down 2 percent from a month ago. USDA's production estimates reflect survey data as of September 1, and therefore, do not fully reflect the damage caused by Hurricane Gustav which hit the Gulf Coast on September 1. Rice beginning stocks for 2008/09 are lowered less than 1 percent from last month to 29.4 million cwt based on the USDA Rice Stocks report released on August 29. Rice imports are raised 1.0 million cwt to a record 25.5 million cwt based in part on the revised 2007/08 estimate. Long-grain imports are raised to a record 19.0 million cwt, while combined medium- and short-grain imports are unchanged at 6.5 million cwt. Rice exports are projected at 110 million cwt, unchanged from last month, but up 2 percent from the revised 2007/08 estimate. Long-grain exports are increased to 86.5 million cwt, and combined medium- and short- grain imports are lowered to 23.5 million cwt. Ending stocks for 2008/09 are projected at 25.9 million cwt, up 15 percent from last month. The all rice season-average farm price is forecast at $15.75 to $16.75 per cwt, up $0.75 per cwt on both ends of the range compared to a revised $12.80 per cwt for 2007/08. The long grain season-average farm price range is projected at $15.00 to $16.00 per cwt, up $0.70 per cwt on both ends of the range compared to a revised $12.50 per cwt for 2007/08. The combined medium- and short-grain farm price range is projected at $19.50 to $20.50 per cwt, up $1.50 per cwt on both ends of the range compared to a revised $13.80 per cwt for 2007/08. Projected global 2008/09 rice production, consumption and trade are raised from a month ago, while ending stocks are lowered. Production is projected at a record 432.0 million tons, 1.2 million tons above last month's estimate, due mostly to an increase in production estimates for India, Pakistan, and Thailand, which is partially offset by a lower Philippine crop. The reduction in the Philippines' crop is due to both average field and milling yield. Expected consumption levels are raised for a number of countries including Bangladesh and India. Global imports are raised due primarily to increases for Bangladesh and the Philippines. Thailand's exports for 2008/09 are increased 0.5 million tons to 9.5 million. Global ending stocks for 2008/09 are projected at 80.4 million tons, down 0.3 million from last month, but up 3.1 million from the 2007/08 estimate. OILSEEDS: U.S. oilseed production for 2008/09 is projected at 88.2 million tons, down 0.9 million from last month as a lower soybean crop is only partly offset by higher peanut and cottonseed output. Soybean production is forecast at 2.934 billion bushels, down 39 million based on lower yields, especially in the eastern Corn Belt. Soybean crush is reduced 30 million bushels due to sharply lower projected domestic soybean meal use and meal exports. The lower projection for domestic soybean meal consumption is in line with revised 2007/08 consumption. Soybean exports and ending stocks are unchanged. Changes for 2007/08 include reduced soybean crush and increased exports and ending stocks. Soybean exports are projected at a record 1.155 billion bushels. Ending stocks are up 5 million bushels at 140 million. Soybean oil stocks for 2007/08 are reduced, reflecting lower production. The U.S. season-average soybean price range for 2008/09 is projected at $11.60 to $13.10 per bushel, up 10 cents on both ends of the range. The projected soybean meal price is unchanged at $330 to $390 per short ton. The soybean oil price range is reduced 2 cents on both ends to 52 to 56 cents per pound. Global oilseed production for 2008/09 is projected at 417.8 million tons, up 1.7 million from last month. Foreign production is up 2.6 million tons to 329.6 million. Global soybean production is projected at a record 238 million tons, up 9 percent from 2007/08. Argentina soybean production is raised to a record 50.5 million tons based on higher expected area. China soybean production is raised 0.5 million tons to 16.5 million based on increased yields. Global rapeseed production is raised 1.2 million tons to 53.4 million, an 11 percent increase over 2007/08. Rapeseed crops are projected higher for Canada, EU-27, and Belarus. Other changes include increased peanut production for China and reduced cottonseed production for Pakistan. Global oilseed stocks for 2008/09 are raised 3 million tons to 60.4 million primarily due to increased rapeseed stocks in Canada and increased soybean stocks in South America and China. China soybean imports for 2007/08 are raised to a record 36.5 million tons. SUGAR: Projected 2008/09 U.S. sugar supply is decreased 262,000 short tons, raw value, from last month. Carry-in stocks are down 75,000 tons. Production for 2008/09 is lowered 267,000 tons. Based on forecast harvest area and yield for U.S. sugarbeets and Louisiana sugarcane (adjusted for sugarcane assumed to be used for seed), production is lowered 256,000 tons. Louisiana sugarcane production estimates reflect survey data as of September 1, and therefore, do not fully reflect the damage caused by Hurricane Gustav which hit the Gulf Coast on September 1. For Florida, Texas, and Hawaii, production is from processor projections compiled by the Farm Service Agency. Imports are raised 80,000 tons as a result of the tariff rate quota announcement on September 6. Total use is unchanged. Ending stocks are projected down sharply from the beginning level at 505,000 tons. LIVESTOCK, POULTRY, AND DAIRY: Total U.S. meat production forecasts for 2008 and 2009 are raised slightly from last month as higher broiler and turkey output more than offset lower pork output. For 2008, beef production is slightly lower in the third quarter due to reduced steer and heifer slaughter that more than offsets increased cow slaughter. Increased cow slaughter in the fourth quarter results in slightly more beef production that quarter, resulting in unchanged output for 2008. The beef production forecast for 2009 is unchanged from last month. Pork production for 2008 is reduced because of a slower-than-expected pace of hog slaughter and lighter carcass weights in the third quarter. Forecast pork production for 2009 is reduced as producers are expected to market hogs at lighter carcass weights. The Quarterly Hogs and Pigs report, which will be released September 26, will provide information on producer farrowing intentions into 2009. Broiler and turkey production forecasts for 2008 and 2009 are raised as gains in bird weights are expected to be heavier than previously forecast. Egg production forecasts are unchanged. Beef exports are forecast higher for 2008 and 2009 as exports to Asia are strengthening. Broiler exports for 2008 are increased due to strong shipments through July. Export changes for 2008 pork and turkey reflect complete second quarter trade data. Cattle price forecasts for both 2008 and 2009 are raised reflecting current strength in demand and relatively tight supplies of cattle. Hog prices are raised for the third quarter 2008, reflecting strong demand, but forecasts are unchanged for subsequent quarters. Broiler price forecasts are reduced slightly as demand for domestically consumed products remains soft and production is forecast higher. Turkey price forecasts for 2008 are raised slightly from last month but 2009 forecasts are unchanged from last month. Egg price forecasts are lowered for 2008 and early 2009 as prices continue to recede from their recent records. The milk production forecast for 2008 is fractionally higher than last month, and forecast 2009 production is raised. For both years, cow numbers are expected to decline less rapidly than previously expected, and milk per cow in 2009 is expected to increase at a slightly higher rate. Dairy trade forecasts are adjusted to reflect complete second quarter data but forecasts are unchanged from last month. Stocks are adjusted to reflect tighter expected stocks of fat-basis products but potentially larger stocks of nonfat dry milk (NDM). Prices for butter, cheese, NDM, and whey are forecast lower as milk production is forecast higher. As a result of lower product prices, Class III and IV prices forecasts are reduced. The all milk price is forecast lower this month, averaging $18.65 to $18.85 in 2008 and $17.85 to $18.85 in 2009. COTTON: The 2008/09 U.S. cotton forecasts include lower supplies and offtake compared with last month, resulting in slightly higher ending stocks. Beginning stocks are reduced due to revisions in the 2007/08 balance sheet. Production for 2008/09 is raised marginally based on conditions as of September 1. Domestic mill use is unchanged. Exports are reduced 500,000 bales to 14.5 million due to lower world import demand. Ending stocks are forecast at 4.9 million bales, up 300,000 bales from last month, and equivalent to 26 percent of total use. The forecast range for the marketing year average farm price of 57 to 69 cents per pound is lowered 3 cents on each end of the range, based on weaker current prices and demand prospects. With global production unchanged, this month's 2008/09 world forecasts show lower consumption and trade, resulting in higher ending stocks. Production changes by country include higher production in India offset by lower production in Pakistan and Sudan. Consumption is reduced in a number of countries, notably China, India, Pakistan, and Turkey, reflecting deteriorating world economic conditions and their impact on textile demand. Accordingly, world stocks are raised 1.3 million bales to 52.3 million. For 2007/08, U.S. exports are lowered based on the final estimate from USDA's U.S. Export Sales report. Ending stocks are reduced based on a preliminary survey of 2007/08 end-of-season stocks by the U.S. Census Bureau. The world estimates for 2007/08 include a number of revisions, including an increase of 1.2 million bales in China's production and ending stocks, based on revised estimates by sources in China. Approved by the Secretary of Agriculture and the Chairperson of the World Agricultural Outlook Board, Gerald A. Bange, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: EDWARD T. SCHAFER SECRETARY OF AGRICULTURE INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board's analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail: jnorton@oce.usda.gov Gary Vocke, ERS; Teresa McKeivier, FAS; Dennis Shields, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail: aaaronson@oce.usda.gov Nathan Childs, ERS; Ryan Scott, FAS; William Chambers, FSA. Feed Grains: Jerry Norton, ICEC Chair, WAOB, E-mail: jnorton@oce.usda.gov Allen Baker, ERS; Richard O'Meara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: kmenzie@oce.usda.gov Mark Ash, ERS; Bill George, FAS; Max Fisher, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail: cskelly@oce.usda.gov Darryl Earnest, AMS; Leslie Meyer, ERS; James Johnson, FAS; Steven Neff, FSA. Sugar: John Love, ICEC Chair, WAOB, E-mail: jlove@oce.usda.gov Stephen Haley, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E- mail: sshagam@oce.usda.gov Warren Preston, AMS; Mildred M. Haley, ERS; Claire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: sshagam@oce.usda.gov Larry Haller, AMS; David Harvey, ERS; Michelle DeGraaf, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail: sshagam@oce.usda.gov Jerry Cessna, AMS; Roger Hoskin, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2008, the WASDE report will be released on Oct. 10, Nov. 10, Dec. 11. T A B L E OF C O N T E N T S Page Highlights . . . . . . . . . . . . . . . . . . . . . . . . . .1 Interagency Commodity Estimates Committees . . . . . . . . . .6 World & U.S. Supply & Use for Grains . . . . . . . . . . . . .8 World & U.S. Supply & Use for Cotton . . . . . . . . . . . . .9 World & U.S. Supply & Use for Oilseeds . . . . . . . . . . . 10 U.S. Wheat Supply & Use. . . . . . . . . . . . . . . . . . . 11 U.S. Wheat Supply & Use by Class . . . . . . . . . . . . . . 11 U.S. Feed Grain & Corn Supply & Use. . . . . . . . . . . . . 12 U.S. Sorghum, Barley, & Oats Supply & Use. . . . . . . . . . 13 U.S. Rice Supply & Use . . . . . . . . . . . . . . . . . . . 14 U.S. Soybeans & Products Supply & Use. . . . . . . . . . . . 15 U.S. Sugar Supply & Use. . . . . . . . . . . . . . . . . . . 16 Mexico Sugar Supply and Use. . . . . . . . . . . . . . . . . 16 U.S. Cotton Supply & Use . . . . . . . . . . . . . . . . . . 17 World Wheat Supply & Use . . . . . . . . . . . . . . . . . . 18 World Coarse Grains Supply & Use . . . . . . . . . . . . . . 20 World Corn Supply & Use. . . . . . . . . . . . . . . . . . . 22 World Rice Supply & Use. . . . . . . . . . . . . . . . . . . 24 World Cotton Supply & Use . . . . . . . . . . . . . . . . . 26 World Soybean Supply & Use . . . . . . . . . . . . . . . . . 28 World Soybean Meal Supply & Use. . . . . . . . . . . . . . . 29 World Soybean Oil Supply & Use . . . . . . . . . . . . . . . 30 U.S. Quarterly Animal Product Production . . . . . . . . . . 31 U.S. Quarterly Prices for Animal Products. . . . . . . . . . 31 U.S. Meats Supply and Use. . . . . . . . . . . . . . . . . . 32 U.S. Egg Supply & Use. . . . . . . . . . . . . . . . . . . . 33 U.S. Milk Supply and Use . . . . . . . . . . . . . . . . . . 33 U.S. Dairy Prices. . . . . . . . . . . . . . . . . . . . . . 34 Reliability Tables . . . . . . . . . . . . . . . . . . . . . 35 Related USDA Reports . . . . . . . . . . . . . . . . . . . . 38 Metric Conversion Factors. . . . . . . . . . . . . . . . . . 38 Electronic Access and Subscriptions. . . . . . . . . . . . . 40 WASDE-462-8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : World Total grains 3/ : 2006/07 : 2,005.00 2,393.61 260.10 2,053.28 340.33 2007/08 (Est.) : 2,116.70 2,457.03 268.64 2,110.61 346.42 2008/09 (Proj.) : August : 2,190.61 2,531.21 265.03 2,170.58 360.63 September : 2,194.96 2,541.38 264.10 2,174.11 367.27 Wheat : 2006/07 : 596.30 744.00 111.19 616.87 127.13 2007/08 (Est.) : 610.87 738.00 113.59 619.51 118.49 2008/09 (Proj.) : August : 670.75 785.96 121.28 649.80 136.16 September : 676.28 794.77 122.88 654.88 139.89 Coarse grains 4/ : 2006/07 : 988.84 1,154.08 117.62 1,015.86 138.22 2007/08 (Est.) : 1,076.36 1,214.57 124.71 1,063.91 150.67 2008/09 (Proj.) : August : 1,089.11 1,236.90 116.00 1,093.11 143.79 September : 1,086.70 1,237.36 112.98 1,090.34 147.02 Rice, milled : 2006/07 : 419.85 495.53 31.30 420.55 74.98 2007/08 (Est.) : 429.47 504.45 30.34 427.19 77.26 2008/09 (Proj.) : August : 430.75 508.35 27.75 427.67 80.68 September : 431.98 509.24 28.25 428.88 80.36 : : United States Total grains 3/ : 2006/07 : 335.67 413.87 85.99 278.02 49.85 2007/08 (Est.) : 413.62 470.75 107.39 310.29 53.07 2008/09 (Proj.) : August : 402.35 461.82 85.43 327.08 49.31 September : 397.33 456.84 85.43 324.80 46.62 Wheat : 2006/07 : 49.32 68.18 24.73 31.04 12.41 2007/08 (Est.) : 56.25 71.73 34.40 29.01 8.32 2008/09 (Proj.) : August : 67.02 78.06 27.22 35.22 15.62 September : 67.02 78.06 27.22 35.22 15.62 Coarse grains 4/ : 2006/07 : 280.11 337.43 58.34 242.91 36.17 2007/08 (Est.) : 351.06 390.69 69.53 277.34 43.81 2008/09 (Proj.) : August : 328.78 375.50 54.70 287.84 32.96 September : 323.70 370.42 54.70 285.55 30.17 Rice, milled : 2006/07 : 6.24 8.26 2.92 4.07 1.27 2007/08 (Est.) : 6.31 8.34 3.45 3.95 0.94 2008/09 (Proj.) : August : 6.55 8.26 3.52 4.02 0.72 September : 6.62 8.37 3.52 4.02 0.83 =============================================================================== 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-462-9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : Foreign 3/ Total grains 4/ : 2006/07 : 1,669.33 1,979.74 174.11 1,775.26 290.48 2007/08 (Est.) : 1,703.08 1,986.28 161.25 1,800.32 293.35 2008/09 (Proj.) : August : 1,788.27 2,069.39 179.60 1,843.50 311.32 September : 1,797.63 2,084.53 178.68 1,849.31 320.65 Wheat : 2006/07 : 546.99 675.82 86.46 585.83 114.72 2007/08 (Est.) : 554.62 666.28 79.19 590.51 110.17 2008/09 (Proj.) : August : 603.73 707.90 94.07 614.59 120.53 September : 609.26 716.71 95.67 619.67 124.26 Coarse grains 5/ : 2006/07 : 708.73 816.65 59.28 772.95 102.05 2007/08 (Est.) : 725.29 823.89 55.17 786.56 106.86 2008/09 (Proj.) : August : 760.33 861.40 61.31 805.27 110.82 September : 763.00 866.95 58.28 804.79 116.85 Rice, milled : 2006/07 : 413.61 487.27 28.37 416.48 73.71 2007/08 (Est.) : 423.16 496.11 26.89 423.25 76.32 2008/09 (Proj.) : August : 424.20 500.09 24.23 423.64 79.96 September : 425.36 500.87 24.73 424.86 79.53 =============================================================================== 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 2006/07 : 121.97 184.24 37.12 123.47 62.81 2007/08 (Est.) : 120.36 183.17 38.78 123.82 60.83 2008/09 (Proj.) : August : 112.16 172.52 39.27 124.54 50.98 September : 112.17 173.00 38.51 123.70 52.32 : United States 2006/07 : 21.59 27.68 13.01 4.94 9.48 2007/08 (Est.) : 19.21 28.70 13.65 4.60 9.90 2008/09 (Proj.) : August : 13.77 23.98 15.00 4.40 4.60 September : 13.85 23.76 14.50 4.40 4.90 : Foreign 3/ 2006/07 : 100.39 156.56 24.11 118.53 53.33 2007/08 (Est.) : 101.15 154.47 25.13 119.22 50.93 2008/09 (Proj.) : August : 98.39 148.54 24.27 120.14 46.38 September : 98.32 149.24 24.01 119.30 47.42 =============================================================================== 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-462-10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade : Use 2/ : Stocks =============================================================================== : : World Oilseeds : 2006/07 : 403.34 467.74 83.68 328.58 72.53 2007/08 (Est.) : 388.65 461.18 92.38 339.28 58.60 2008/09 (Proj.) : August : 416.06 472.78 90.32 351.39 57.42 September : 417.77 476.37 92.80 350.25 60.40 Oilmeals : 2006/07 : 224.36 232.09 68.12 223.21 7.39 2007/08 (Est.) : 231.95 239.33 71.50 230.21 7.73 2008/09 (Proj.) : August : 239.05 246.64 73.82 236.50 7.60 September : 238.62 246.35 73.67 235.84 7.62 Vegetable Oils : 2006/07 : 121.43 131.95 48.38 120.53 9.73 2007/08 (Est.) : 128.32 138.05 51.92 125.30 9.51 2008/09 (Proj.) : August : 133.89 143.39 54.46 131.66 9.61 September : 134.02 143.51 54.45 131.19 9.60 : : United States Oilseeds : 2006/07 : 96.61 111.85 31.65 53.48 17.02 2007/08 (Est.) : 80.00 98.30 32.95 53.80 5.12 2008/09 (Proj.) : August : 89.07 94.95 28.42 53.73 4.72 September : 88.17 94.40 28.43 52.94 4.71 Oilmeals : 2006/07 : 41.56 43.62 8.26 34.97 0.39 2007/08 (Est.) : 41.48 43.84 8.88 34.62 0.33 2008/09 (Proj.) : August : 41.53 43.93 8.29 35.31 0.33 September : 40.95 43.30 8.10 34.86 0.33 Vegetable Oils : 2006/07 : 10.44 14.78 1.31 11.74 1.74 2007/08 (Est.) : 10.64 15.36 1.68 12.11 1.56 2008/09 (Proj.) : August : 10.53 15.43 1.48 12.44 1.51 September : 10.39 15.23 1.35 12.48 1.41 : : Foreign 3/ Oilseeds : 2006/07 : 306.72 355.90 52.03 275.10 55.50 2007/08 (Est.) : 308.65 362.88 59.43 285.48 53.48 2008/09 (Proj.) : August : 326.98 377.82 61.89 297.67 52.70 September : 329.60 381.96 64.37 297.31 55.69 Oilmeals : 2006/07 : 182.80 188.47 59.85 188.24 7.00 2007/08 (Est.) : 190.47 195.49 62.61 195.58 7.40 2008/09 (Proj.) : August : 197.52 202.72 65.53 201.19 7.26 September : 197.67 203.04 65.57 200.98 7.29 Vegetable Oils : 2006/07 : 111.00 117.17 47.08 108.80 7.99 2007/08 (Est.) : 117.68 122.70 50.24 113.19 7.95 2008/09 (Proj.) : August : 123.36 127.96 52.98 119.23 8.10 September : 123.63 128.29 53.11 118.71 8.20 =============================================================================== 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-462-11 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : August September =============================================================================== Area : Million acres Planted : 57.3 60.4 63.5 63.5 Harvested : 46.8 51.0 56.6 56.6 Yield per harvested : Bushels acre : 38.7 40.5 43.5 43.5 : Million bushels Beginning stocks : 571 456 306 306 Production : 1,812 2,067 2,462 2,462 Imports : 122 113 100 100 Supply, total : 2,505 2,635 2,868 2,868 Food : 938 948 960 960 Seed : 81 88 84 84 Feed and residual : 121 30 250 250 Domestic, total : 1,140 1,066 1,294 1,294 Exports : 908 1,264 1,000 1,000 Use, total : 2,049 2,330 2,294 2,294 Ending stocks : 456 306 574 574 CCC inventory : 41 0 0 Free stocks : 415 306 574 Outstanding loans : 14 1 10 Avg. farm price ($/bu) 2/ : 4.26 6.48 6.50- 8.00 6.70- 7.80 =============================================================================== U.S. Wheat by Class: Supply and Use =============================================================================== Year beginning : Hard : Hard : Soft : : : June 1 : Winter : Spring : Red : White : Durum : Total =============================================================================== 2007/08 (estimated) : Million bushels Beginning stocks : 165 117 109 44 22 456 Production : 962 449 358 227 72 2,067 Supply, total 3/ : 1,127 614 481 280 134 2,635 Domestic use : 450 245 215 72 83 1,066 Exports : 538 305 209 170 42 1,264 Use, total : 988 551 424 242 125 2,330 Ending stocks, total : 139 63 57 38 8 306 : 2008/09 (projected) : Beginning stocks : 139 63 57 38 8 306 Production : 1,055 466 609 246 87 2,462 Supply, total 3/ : 1,196 569 671 293 140 2,868 Domestic use : 508 234 352 106 94 1,294 Exports : 445 245 145 135 30 1,000 Use, total : 953 479 497 241 124 2,294 Ending stocks, total : September : 243 90 174 52 16 574 August : 243 90 174 52 16 574 =============================================================================== 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-462-12 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : August September =============================================================================== FEED GRAINS : Area : Million acres Planted : 92.5 109.1 101.9 101.9 Harvested : 80.1 98.4 90.8 90.8 Yield per harvested : Metric tons acre : 3.50 3.57 3.62 3.56 : Million metric tons Beginning stocks : 54.7 36.2 43.8 43.8 Production : 279.9 350.9 328.6 323.5 Imports : 2.4 3.3 2.7 2.7 Supply, total : 337.1 390.3 375.1 370.0 Feed and residual : 148.2 161.0 142.8 140.5 Food, seed & industrial : 94.4 116.0 144.7 144.7 Domestic, total : 242.6 277.0 287.5 285.2 Exports : 58.3 69.5 54.7 54.7 Use, total : 300.9 346.5 342.2 339.9 Ending stocks, total : 36.2 43.8 33.0 30.2 CCC inventory : 0.0 0.0 Free stocks : 36.2 43.8 Outstanding loans : 3.0 2.7 : CORN : Area : Million acres Planted : 78.3 93.6 87.0 87.0 Harvested : 70.6 86.5 79.3 79.3 Yield per harvested : Bushels acre : 149.1 151.1 155.0 152.3 : Million bushels Beginning stocks : 1,967 1,304 1,576 1,576 Production : 10,535 13,074 12,288 12,072 Imports : 12 18 15 15 Supply, total : 12,514 14,396 13,878 13,663 Feed and residual : 5,595 6,050 5,300 5,200 Food, seed & industrial : 3,490 4,345 5,445 5,445 Ethanol for fuel 2/ : 2,119 3,000 4,100 4,100 Domestic, total : 9,085 10,395 10,745 10,645 Exports : 2,125 2,425 2,000 2,000 Use, total : 11,210 12,820 12,745 12,645 Ending stocks, total : 1,304 1,576 1,133 1,018 CCC inventory : 0 0 Free stocks : 1,304 1,576 Outstanding loans : 116 106 Avg. farm price ($/bu) 3/ : 3.04 4.20 4.90- 5.90 5.00- 6.00 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further breakout of FSI corn uses including ethanol, see the ERS Feed Outlook table 5, or Feed Grains Database at "www.ers.usda.gov/db/feedgrains." 3/ Marketing-year weighted average price received by farmers. WASDE-462-13 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : August September =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 6.5 7.7 7.3 7.3 Area harv. (mil. acres) : 4.9 6.8 6.4 6.4 Yield (bushels/acre) : 56.2 74.2 63.7 66.1 Beginning stocks : 66 32 52 52 Production : 278 505 410 426 Imports : 0 0 0 0 Supply, total : 343 537 462 478 Feed and residual : 114 175 200 210 Food, seed & industrial : 45 35 70 70 Total domestic : 159 210 270 280 Exports : 153 275 130 130 Use, total : 311 485 400 410 Ending stocks, total : 32 52 62 68 Avg. farm price ($/bu) 2/ : 3.29 4.10 4.40- 5.40 4.45- 5.45 : BARLEY : Area planted (mil. acres) : 3.5 4.0 4.1 4.1 Area harv. (mil. acres) : 3.0 3.5 3.6 3.6 Yield (bushels/acre) : 61.1 60.4 59.9 59.9 Beginning stocks : 108 69 68 68 Production : 180 212 218 218 Imports : 12 32 25 25 Supply, total : 300 312 311 311 Feed and residual : 49 34 50 50 Food, seed & industrial : 162 168 160 160 Total domestic : 211 203 210 210 Exports : 20 41 25 25 Use, total : 231 244 235 235 Ending stocks, total : 69 68 76 76 Avg. farm price ($/bu) 2/ : 2.85 4.02 5.40- 6.40 5.15- 6.15 : OATS : Area planted (mil. acres) : 4.2 3.8 3.5 3.5 Area harv. (mil. acres) : 1.6 1.5 1.4 1.4 Yield (bushels/acre) : 59.8 60.9 62.3 62.3 Beginning stocks : 53 51 67 67 Production : 94 92 90 90 Imports : 106 123 105 105 Supply, total : 252 265 262 262 Feed and residual : 125 121 120 120 Food, seed & industrial : 74 75 75 75 Total domestic : 199 196 195 195 Exports : 3 3 3 3 Use, total : 202 199 198 198 Ending stocks, total : 51 67 64 64 Avg. farm price ($/bu) 2/ : 1.87 2.63 3.00- 4.00 3.10- 3.80 =============================================================================== 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-462-14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : August September =============================================================================== TOTAL : Area : Million acres Planted : 2.84 2.76 2.90 2.94 Harvested : 2.82 2.75 2.88 2.92 Yield per harvested : Pounds acre : 6,868 7,185 7,116 7,076 : : Million hundredweight Beginning stocks 2/ : 43.0 39.3 29.6 29.4 Production : 193.7 197.5 204.9 206.9 Imports : 20.6 23.9 24.0 25.5 Supply, total : 257.3 260.7 258.5 261.9 Domestic & residual 3/ : 127.2 123.3 126.0 126.0 Exports, total 4/ : 90.8 107.9 110.0 110.0 Rough : 32.1 40.2 36.0 38.0 Milled (rough equiv.) : 58.7 67.8 74.0 72.0 Use, total : 218.0 231.2 236.0 236.0 Ending stocks : 39.3 29.4 22.5 25.9 Avg. milling yield (%) 5/ : 71.0 70.5 70.5 70.5 Avg. farm price ($/cwt) 6/ : 9.96 12.80 15.00-16.00 15.75-16.75 : LONG GRAIN : Harvested acres (mil.) : 2.19 2.05 Yield (pounds/acre) : 6,689 6,929 Beginning stocks : 32.7 28.5 18.7 19.0 Production : 146.2 142.2 154.1 157.3 Supply, total 7/ : 193.1 188.4 190.3 195.4 Domestic & Residual 3/ : 92.6 87.5 91.0 91.0 Exports 8/ : 72.0 81.9 84.5 86.5 Use, total : 164.6 169.3 175.5 177.5 Ending stocks : 28.5 19.0 14.8 17.9 Avg. farm price ($/cwt) 6/ : 9.47 12.50 14.30-15.30 15.00-16.00 : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.64 0.70 Yield (pounds/acre) : 7,484 7,942 Beginning stocks : 9.4 10.0 10.1 9.1 Production : 47.5 55.3 50.8 49.6 Supply, total 7/ : 63.4 71.0 67.4 65.1 Domestic & Residual 3/ : 34.6 35.8 35.0 35.0 Exports 8/ : 18.8 26.1 25.5 23.5 Use, total : 53.4 61.9 60.5 58.5 Ending stocks : 10.0 9.1 6.9 6.6 Avg. farm price ($/cwt) 6/ : 12.10 13.80 18.00-19.00 19.50-20.50 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2006/07-0.9; 2007/08-0.8; 2008/09-1.3. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. WASDE-462-15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :=============================== : : Est. : August September =============================================================================== SOYBEANS: : Million acres Area : Planted : 75.5 63.6 74.8 74.8 Harvested : 74.6 62.8 73.3 73.3 : : Bushels Yield per harvested : acre : 42.7 41.2 40.5 40.0 : : Million bushels : Beginning stocks : 449 574 135 140 Production : 3,188 2,585 2,973 2,934 Imports : 9 10 8 10 Supply, total : 3,647 3,169 3,116 3,084 Crushings : 1,808 1,815 1,815 1,785 Exports : 1,116 1,155 1,000 1,000 Seed : 78 94 90 90 Residual : 70 -35 3/ 75 74 Use, total : 3,073 3,029 2,980 2,949 Ending stocks : 574 140 135 135 Avg. farm price ($/bu) 2/ : 6.43 10.15 11.50-13.00 11.60 -13.10 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 3,010 3,085 2,875 2,635 Production : 20,489 20,940 4/ 20,690 20,350 Imports : 37 60 50 50 Supply, total : 23,536 24,085 23,615 23,035 Domestic : 18,575 18,450 18,400 18,350 For methyl ester : 2,762 2,950 3,100 3,100 Exports : 1,877 3,000 2,650 2,350 Use, total : 20,451 21,450 21,050 20,700 Ending stocks : 3,085 2,635 2,565 2,335 Average price (c/lb) 2/ : 31.02 52.25 54.00- 52.00- : 58.00 56.00 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 314 346 300 300 Production : 43,054 43,014 4/ 43,085 42,435 Imports : 156 140 165 165 Supply, total : 43,524 43,500 43,550 42,900 Domestic : 34,374 33,750 34,450 34,000 Exports : 8,804 9,450 8,800 8,600 Use, total : 43,178 43,200 43,250 42,600 Ending stocks : 346 300 300 300 Average price ($/s.t.) 2/ : 205.44 335.00 330.00- 330.00- : 390.00 390.00 =============================================================================== Note: Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and meal. 2/ Prices: Soybeans, marketing year weighted average price received by farmers; for Oil, simple average of crude soybean oil, Decatur; for Meal, simple average of 48 percent, Decatur. 3/ Supply estimates and reported use through June 1, coupled with USDA's June 1 stocks estimate, indicate a below-average residual. 4/ Based on an October year crush of 1,810 million bushels. WASDE-462-16 U.S. Sugar Supply and Use 1/ ====================================================================== : : : 2008/09 Projection Item : 2006/07 : 2007/08 :====================== : : Est. : August September ====================================================================== : 1,000 short tons, raw value : Beginning stocks : 1,698 1,799 1,643 1,568 Production 2/ : 8,446 8,197 7,721 7,454 Beet sugar : 5,008 4,765 4,141 4,000 Cane sugar : 3,438 3,432 3,580 3,454 Florida : 1,719 1,643 1,759 1,747 Hawaii : 222 181 222 223 Louisiana : 1,320 1,450 1,415 1,300 Texas : 177 158 184 184 Imports : 2,080 2,507 2,363 2,443 TRQ 3/ : 1,624 1,402 1,378 1,458 Other program 4/ : 390 550 425 425 Other 5/ : 66 555 560 560 Mexico : 60 545 550 550 Total supply : 12,224 12,503 11,727 11,465 : Exports : 422 220 250 250 Deliveries : 10,135 10,715 10,710 10,710 Food : 9,913 10,500 10,500 10,500 Other 6/ : 222 215 210 210 Miscellaneous 7/ : -132 0 0 0 Total use : 10,425 10,935 10,960 10,960 Ending stocks : 1,799 1,568 767 505 : Stocks to use ratio : 17.3 14.3 7.0 4.6 ====================================================================== 1/ Fiscal years beginning Oct 1. Historical data are from FSA, "Sweetener Market Data" except imports (U.S. Customs Service, Census Bureau). 2/ For 2008/09, FSA compilationsof processor projections (FL, HI, TX cane). Trend sugar per acre applied to area for harvest (LA cane adjusted for seed, and beet), adjusted for September production. 3/ For 2008/09, includes tariff rate quota shortfall of 100,000 tons. 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ Does not include Mexico TRQ imports. For 2006/07, other high-tier (0) and other (6). For 2007/08, other high-tier (10) and other (0). For 2008/09, other high-tier (10) and other (0). 6/ Transfers to sugar-containing products for reexport, and for nonedible alcohol and feed. 7/ Includes SMD miscellaneous uses and the difference between SMD imports and WASDE imports. Mexico Sugar Supply and Use 1/ ========================================================================== : Supply : Use : Fiscal :====================================================: Ending year : Beginning : Production: Imports : Domestic: Exports: stocks : stocks : : : : : ========================================================================== 1,000 metric tons, raw value Sugar 2007/08 est. Aug 1,718 5,856 200 5,720 555 1,499 Sep 1,718 5,856 200 5,720 505 1,549 2008/09 proj. Aug 1,499 5,850 225 5,805 500 1,269 Sep 1,549 5,850 225 5,805 500 1,319 ========================================================================== 1/ U.S. HFCS exports to Mexico (metric tons, dry-weight basis): Oct-Sep 2006/07 = 277,767; Oct-Jul 2006/07 = 206,288; Oct-Jul 2007/08 = 346,833. Footnote source: U.S. Census Bureau. WASDE-462-17 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :=============================== : : Est. : August September =============================================================================== : Million acres Area : Planted : 15.27 10.83 9.25 9.41 Harvested : 12.73 10.49 7.85 7.83 : : Pounds Yield per harvested : acre : 814 879 842 849 : : Million 480 pound bales : Beginning stocks 2/ : 6.07 9.48 10.20 9.90 Production : 21.59 19.21 13.77 13.85 Imports : 0.02 0.01 0.02 0.02 Supply, total : 27.68 28.70 23.98 23.76 Domestic use : 4.94 4.60 4.40 4.40 Exports : 13.01 13.65 15.00 14.50 Use, total : 17.95 18.25 19.40 18.90 Unaccounted 3/ : 0.25 0.55 -0.02 -0.04 Ending stocks : 9.48 9.90 4.60 4.90 : Avg. farm price 4/ : 46.5 57.1 60.0-72.0 57.0-69.0 =============================================================================== 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. =============================================================================== WASDE-462-18 World Wheat Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2006/07 : World 3/ : 147.70 596.30 113.02 105.87 616.87 111.19 127.13 United States : 15.55 49.32 3.32 3.30 31.04 24.73 12.41 Total foreign : 132.15 546.99 109.70 102.57 585.83 86.46 114.72 Major exporters 4/ : 43.21 176.16 5.56 69.41 146.64 52.74 25.54 Argentina : 0.50 15.20 0.01 0.08 4.90 10.50 0.31 Australia : 9.62 10.82 0.09 4.70 7.40 8.73 4.41 Canada : 9.70 25.27 0.32 4.43 8.84 19.64 6.80 EU-27 5/ : 23.39 124.87 5.14 60.20 125.50 13.87 14.03 Major importers 6/ : 59.81 174.74 55.01 7.70 220.78 5.71 63.05 Brazil : 1.33 2.23 7.75 0.20 10.50 0.04 0.78 China : 34.39 108.47 0.38 4.00 102.00 2.78 38.46 Select. Mideast 7/ : 6.82 20.10 10.52 1.55 30.31 0.55 6.58 N. Africa 8/ : 10.51 18.58 16.30 0.25 33.90 0.26 11.23 Pakistan : 3.16 21.28 0.06 0.40 21.90 0.70 1.90 Southeast Asia 9/ : 2.20 0.00 10.65 0.90 9.98 0.42 2.46 Selected other : India : 2.00 69.35 6.71 0.30 73.36 0.20 4.50 FSU-12 : 13.00 84.98 5.96 21.65 72.53 22.35 9.05 Russia : 3.81 44.90 0.86 14.10 36.40 10.79 2.38 Kazakhstan : 3.01 13.50 0.03 2.70 7.50 8.00 1.04 Ukraine : 2.41 14.00 0.08 2.10 11.70 3.37 1.43 : : 2007/08 (Estimated) : World 3/ : 127.13 610.87 111.27 95.29 619.51 113.59 118.49 United States : 12.41 56.25 3.07 0.81 29.01 34.40 8.32 Total foreign : 114.72 554.62 108.21 94.48 590.51 79.19 110.17 Major exporters 4/ : 25.54 168.48 7.46 58.30 135.65 45.97 19.85 Argentina : 0.31 16.00 0.01 0.08 5.43 10.00 0.88 Australia : 4.41 13.04 0.10 3.50 6.20 7.47 3.87 Canada : 6.80 20.05 0.35 1.89 5.89 16.50 4.82 EU-27 5/ : 14.03 119.39 7.00 52.83 118.13 12.00 10.28 Major importers 6/ : 63.05 175.61 58.61 8.97 224.90 8.37 63.99 Brazil : 0.78 3.83 7.00 0.20 10.50 0.75 0.35 China : 38.46 109.86 0.05 6.00 104.00 2.84 41.53 Select. Mideast 7/ : 6.58 20.29 9.40 1.00 29.45 0.55 6.27 N. Africa 8/ : 11.23 13.82 21.30 0.20 36.03 0.28 10.04 Pakistan : 1.90 23.30 1.70 0.40 22.40 2.20 2.30 Southeast Asia 9/ : 2.46 0.00 9.86 0.77 10.18 0.57 1.57 Selected other : India : 4.50 75.81 2.00 0.20 75.85 0.05 6.41 FSU-12 : 9.05 92.69 5.14 23.65 75.59 20.60 10.69 Russia : 2.38 49.40 0.44 15.05 37.70 12.22 2.30 Kazakhstan : 1.04 16.60 0.03 2.70 7.50 7.00 3.17 Ukraine : 1.43 13.90 0.35 3.10 12.90 1.24 1.54 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the EU-27. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-462-19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2008/09 (Projected) World 3/ : August : 115.21 670.75 118.56 119.77 649.80 121.28 136.16 September : 118.49 676.28 120.23 124.47 654.88 122.88 139.89 United States : August : 8.32 67.02 2.72 6.80 35.22 27.22 15.62 September : 8.32 67.02 2.72 6.80 35.22 27.22 15.62 Total foreign : August : 106.89 603.73 115.84 112.97 614.59 94.07 120.53 September : 110.17 609.26 117.51 117.67 619.67 95.67 124.26 Major exporters 4/ : August : 18.78 206.67 5.38 71.58 150.38 56.00 24.45 September : 19.85 207.09 5.38 72.58 151.78 57.00 23.54 Argentina Aug : 0.88 13.50 0.01 0.08 5.48 8.50 0.41 Sep : 0.88 12.50 0.01 0.08 5.48 7.50 0.41 Australia Aug : 3.87 25.00 0.08 3.50 6.20 15.00 7.75 Sep : 3.87 22.00 0.08 3.50 6.20 14.00 5.75 Canada Aug : 3.75 25.00 0.30 3.00 7.70 17.00 4.35 Sep : 4.82 25.40 0.30 3.00 7.60 17.50 5.42 EU-27 5/ Aug : 10.28 143.17 5.00 65.00 131.00 15.50 11.95 Sep : 10.28 147.19 5.00 66.00 132.50 18.00 11.97 Major importers 6/ : August : 63.87 174.91 64.03 11.75 228.32 6.58 67.92 September : 63.99 175.31 64.93 12.55 229.07 6.78 68.39 Brazil Aug : 0.35 5.00 7.00 0.20 10.55 1.00 0.80 Sep : 0.35 5.40 7.00 0.20 10.55 1.20 1.00 China Aug : 41.72 114.00 0.03 9.00 107.00 2.00 46.75 Sep : 41.53 114.00 0.03 9.00 107.00 2.00 46.56 Sel. Mideast 7/Aug : 6.27 13.91 14.85 1.20 29.90 0.55 4.58 Sep : 6.27 13.91 15.25 1.55 30.25 0.55 4.63 N. Africa 8/ Aug : 9.85 15.78 20.30 0.20 35.88 0.23 9.83 Sep : 10.04 15.78 20.30 0.20 35.88 0.23 10.02 Pakistan Aug : 2.30 21.50 2.00 0.40 22.60 1.00 2.20 Sep : 2.30 21.50 2.00 0.40 22.60 1.00 2.20 SE Asia 9/ Aug : 1.65 0.00 10.75 0.50 10.10 0.53 1.77 Sep : 1.57 0.00 11.25 0.95 10.50 0.53 1.79 Selected other : India Aug : 6.41 78.40 0.00 0.10 77.60 0.05 7.16 Sep : 6.41 78.40 0.00 0.10 77.60 0.05 7.16 FSU-12 Aug : 9.20 105.96 5.48 25.30 78.55 28.34 13.75 Sep : 10.69 110.67 5.73 27.70 81.05 28.74 17.30 Russia Aug : 2.58 57.00 0.50 16.50 40.00 13.50 6.58 Sep : 2.30 60.00 0.40 18.00 41.50 14.00 7.20 Kazakhstan Aug : 1.67 13.50 0.03 2.70 7.50 6.00 1.70 Sep : 3.17 12.70 0.03 2.70 7.50 5.40 3.00 Ukraine Aug : 1.68 22.00 0.10 3.20 13.20 8.50 2.08 Sep : 1.54 24.50 0.10 4.00 14.00 9.00 3.14 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the EU-27. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-462-20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2006/07 : World 3/ : 165.24 988.84 113.24 635.26 1015.86 117.62 138.22 United States : 54.77 280.11 2.55 148.27 242.91 58.34 36.17 Total foreign : 110.47 708.73 110.69 486.98 772.95 59.28 102.05 Major exporters 4/ : 13.31 65.03 3.38 36.17 49.61 23.06 9.05 Argentina : 1.46 27.54 0.01 7.16 9.82 16.90 2.29 Australia : 3.08 6.58 0.02 4.92 6.16 2.02 1.51 Canada : 6.33 23.15 2.17 19.49 24.50 3.65 3.50 Major importers 5/ : 42.46 212.11 84.98 223.83 298.57 5.68 35.29 EU-27 6/ : 22.27 137.43 7.99 110.21 147.71 4.69 15.29 Japan : 1.74 0.18 19.67 14.88 19.82 0.00 1.76 Mexico : 3.34 29.14 11.06 23.40 39.95 0.22 3.38 N. Afr & Mideast 7/: 8.11 27.77 20.81 40.58 47.86 0.31 8.52 Saudi Arabia : 2.72 0.34 8.28 8.53 8.75 0.00 2.58 Southeast Asia 8/ : 2.12 16.88 3.97 15.01 20.77 0.46 1.73 South Korea : 1.38 0.33 8.80 6.96 9.16 0.00 1.35 Selected other : Brazil : 3.17 53.18 1.77 36.18 43.34 11.06 3.71 China : 35.81 159.10 1.16 105.36 153.70 5.41 36.95 FSU-12 : 5.55 58.70 0.93 35.49 51.44 8.46 5.28 Russia : 1.33 30.20 0.36 18.60 28.60 1.62 1.67 Ukraine : 2.40 19.18 0.05 9.95 13.38 6.13 2.12 : : 2007/08 (Estimated) : World 3/ : 138.22 1076.36 123.68 655.88 1063.91 124.71 150.67 United States : 36.17 351.06 3.45 161.10 277.34 69.53 43.81 Total foreign : 102.05 725.29 120.23 494.79 786.56 55.17 106.86 Major exporters 4/ : 9.05 76.15 3.60 36.32 51.03 28.49 9.27 Argentina : 2.29 25.40 0.00 7.07 9.83 16.91 0.96 Australia : 1.51 9.90 0.00 5.45 6.75 3.94 0.72 Canada : 3.50 27.84 3.27 18.59 24.26 6.13 4.22 Major importers 5/ : 35.29 210.75 94.99 229.13 303.96 5.43 31.65 EU-27 6/ : 15.29 136.23 18.89 115.10 152.26 4.74 13.42 Japan : 1.76 0.20 19.26 14.37 19.39 0.00 1.83 Mexico : 3.38 29.73 10.55 23.55 40.33 0.10 3.23 N. Afr & Mideast 7/: 8.52 25.08 20.58 40.19 47.43 0.06 6.70 Saudi Arabia : 2.58 0.32 9.00 9.03 9.25 0.00 2.65 Southeast Asia 8/ : 1.73 18.76 3.18 15.42 21.38 0.54 1.76 South Korea : 1.35 0.35 9.17 7.25 9.43 0.00 1.44 Selected other : Brazil : 3.71 61.04 1.06 37.85 44.99 9.26 11.57 China : 36.95 159.01 1.28 106.02 157.10 0.95 39.20 FSU-12 : 5.28 53.91 0.89 34.51 50.33 5.31 4.45 Russia : 1.67 29.33 0.48 18.68 28.85 1.45 1.17 Ukraine : 2.12 14.59 0.07 9.06 12.16 3.08 1.54 =============================================================================== 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and South Africa. 5/ The EU-27, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-462-21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2008/09 (Projected) World 3/ : August : 147.79 1089.11 112.47 650.64 1093.11 116.00 143.79 September : 150.67 1086.70 109.60 647.48 1090.34 112.98 147.02 United States : August : 43.81 328.78 2.91 142.95 287.84 54.70 32.96 September : 43.81 323.70 2.91 140.66 285.55 54.70 30.17 Total foreign : August : 103.98 760.33 109.56 507.69 805.27 61.31 110.82 September : 106.86 763.00 106.69 506.82 804.79 58.28 116.85 Major exporters 4/ : August : 8.56 77.58 3.25 36.72 51.81 27.99 9.60 September : 9.27 74.68 3.05 36.53 51.82 25.01 10.18 Argentina Aug : 0.94 28.92 0.00 8.01 10.82 17.56 1.49 Sep : 0.96 25.92 0.00 7.26 10.07 15.06 1.75 Australia Aug : 0.72 12.46 0.00 5.97 7.31 4.38 1.49 Sep : 0.72 11.36 0.00 5.97 7.31 3.78 0.99 Canada Aug : 3.52 24.22 2.93 18.03 24.10 3.53 3.05 Sep : 4.22 25.42 2.73 18.09 24.26 3.65 4.46 Major importers 5/ : August : 31.16 229.34 84.58 226.29 303.31 5.91 35.86 September : 31.65 228.73 82.13 224.73 301.64 5.91 34.95 EU-27 6/ Aug : 13.54 154.08 5.66 110.74 149.76 5.20 18.31 Sep : 13.42 153.26 4.16 109.72 148.74 5.20 16.90 Japan Aug : 1.83 0.18 19.16 14.39 19.31 0.00 1.85 Sep : 1.83 0.18 19.16 14.39 19.31 0.00 1.85 Mexico Aug : 3.23 30.18 11.98 24.71 41.56 0.10 3.73 Sep : 3.23 31.18 10.98 24.71 41.56 0.10 3.73 N Afr/M.East 7/Aug : 6.70 24.90 22.17 40.23 47.70 0.05 6.02 Sep : 6.70 24.90 22.37 40.43 47.90 0.05 6.02 Saudi Arabia Aug : 2.05 0.33 9.20 9.23 9.46 0.00 2.11 Sep : 2.65 0.33 9.50 9.23 9.46 0.00 3.01 S.-east Asia 8/Aug : 1.76 19.17 3.78 16.32 22.40 0.56 1.75 Sep : 1.76 18.37 3.83 16.07 22.05 0.56 1.35 South Korea Aug : 1.44 0.34 8.27 6.45 8.63 0.00 1.42 Sep : 1.44 0.34 7.77 5.95 8.13 0.00 1.42 Selected other : Brazil Aug : 10.46 59.86 0.76 40.08 47.81 9.30 13.97 Sep : 11.57 59.86 0.76 40.08 47.81 9.30 15.08 China Aug : 39.20 160.50 1.43 113.23 165.52 0.65 34.95 Sep : 39.20 163.70 1.43 114.23 166.73 0.65 36.95 FSU-12 Aug : 3.86 67.77 0.66 38.38 54.87 12.04 5.38 Sep : 4.45 71.30 0.59 38.23 54.91 12.24 9.20 Russia Aug : 1.17 33.75 0.35 20.25 30.68 2.35 2.24 Sep : 1.17 36.75 0.35 20.95 31.58 2.75 3.94 Ukraine Aug : 1.55 23.48 0.05 10.90 14.33 8.60 2.15 Sep : 1.54 23.48 0.05 9.80 13.23 8.60 3.24 =============================================================================== 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and South Africa. 5/ The EU-27, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-462-22 World Corn Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2006/07 : World 3/ : 124.62 712.23 90.92 477.59 728.31 93.90 108.54 United States : 49.97 267.60 0.30 142.11 230.77 53.99 33.11 Total foreign : 74.65 444.63 90.62 335.48 497.54 39.91 75.43 Major exporters 4/ : 3.46 29.80 1.13 9.20 15.30 15.78 3.32 Argentina : 1.16 22.50 0.01 4.80 6.70 15.31 1.66 South Africa : 2.31 7.30 1.12 4.40 8.60 0.47 1.66 Major importers 5/ : 18.01 99.24 54.52 110.36 154.16 1.33 16.29 Egypt : 0.65 6.15 4.83 8.60 10.70 0.00 0.92 EU-27 6/ : 9.46 53.83 7.06 48.70 62.30 0.66 7.38 Japan : 0.94 0.00 16.71 11.90 16.50 0.00 1.15 Mexico : 2.71 22.35 8.94 15.10 30.70 0.22 3.08 Southeast Asia 7/ : 2.10 16.81 3.96 14.95 20.70 0.44 1.73 South Korea : 1.38 0.07 8.74 6.91 8.83 0.00 1.35 Selected other : Brazil : 3.02 51.00 1.41 34.50 41.00 10.84 3.59 Canada : 2.00 8.99 2.10 8.46 11.44 0.31 1.34 China : 35.26 151.60 0.02 104.00 145.00 5.27 36.60 FSU-12 : 1.66 12.85 0.52 10.51 12.14 1.12 1.77 Ukraine : 0.92 6.40 0.02 4.50 5.25 1.03 1.07 : : 2007/08 (Estimated) : World 3/ : 108.54 790.24 95.57 497.93 775.32 96.83 123.46 United States : 33.11 332.09 0.46 153.68 264.04 61.60 40.02 Total foreign : 75.43 458.15 95.12 344.25 511.28 35.23 83.44 Major exporters 4/ : 3.32 33.00 0.20 9.60 16.10 16.50 3.92 Argentina : 1.66 20.50 0.00 4.60 6.50 15.00 0.66 South Africa : 1.66 12.50 0.20 5.00 9.60 1.50 3.26 Major importers 5/ : 16.29 94.97 59.45 111.45 155.10 1.11 14.50 Egypt : 0.92 6.17 4.20 8.30 10.40 0.00 0.89 EU-27 6/ : 7.38 47.31 13.00 48.50 61.50 0.50 5.70 Japan : 1.15 0.00 16.60 11.80 16.50 0.00 1.25 Mexico : 3.08 22.65 9.20 16.20 32.00 0.10 2.83 Southeast Asia 7/ : 1.73 18.69 3.15 15.35 21.30 0.51 1.76 South Korea : 1.35 0.08 9.10 7.20 9.10 0.00 1.44 Selected other : Brazil : 3.59 58.60 0.75 36.00 42.50 9.00 11.44 Canada : 1.34 11.65 3.20 10.20 13.80 0.75 1.64 China : 36.60 151.83 0.05 105.00 149.00 0.60 38.88 FSU-12 : 1.77 13.79 0.45 10.99 12.68 2.08 1.25 Ukraine : 1.07 7.40 0.02 5.00 5.70 2.00 0.79 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina and South Africa. 5/ Egypt, the EU-27, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-462-23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2008/09 (Projected) World 3/ : August : 122.46 789.58 86.38 489.82 799.66 88.82 112.38 September : 123.46 782.96 83.23 486.23 796.47 86.07 109.94 United States : August : 40.02 312.13 0.38 134.63 272.94 50.80 28.79 September : 40.02 306.65 0.38 132.09 270.40 50.80 25.86 Total foreign : August : 82.44 477.46 86.00 355.20 526.73 38.02 83.59 September : 83.44 476.31 82.85 354.15 526.08 35.27 84.09 Major exporters 4/ : August : 3.92 33.50 0.20 9.30 15.70 17.50 4.42 September : 3.92 30.50 0.20 8.80 15.30 15.50 3.82 Argentina Aug : 0.66 22.00 0.00 4.80 6.70 15.00 0.96 Sep : 0.66 19.00 0.00 3.80 5.70 13.00 0.96 South Africa Aug : 3.26 11.50 0.20 4.50 9.00 2.50 3.46 Sep : 3.26 11.50 0.20 5.00 9.60 2.50 2.86 Major importers 5/ : August : 14.51 107.09 51.05 110.55 155.62 1.64 15.39 September : 14.50 106.84 48.60 109.80 154.77 1.64 13.53 Egypt Aug : 0.89 6.18 4.30 8.30 10.60 0.00 0.77 Sep : 0.89 6.18 4.30 8.30 10.60 0.00 0.77 EU-27 6/ Aug : 5.71 58.59 4.00 47.00 61.00 1.00 6.29 Sep : 5.70 58.14 3.00 47.00 61.00 1.00 4.83 Japan Aug : 1.25 0.00 16.10 11.50 16.10 0.00 1.25 Sep : 1.25 0.00 16.10 11.50 16.10 0.00 1.25 Mexico Aug : 2.83 23.00 10.50 17.00 33.00 0.10 3.23 Sep : 2.83 24.00 9.50 17.00 33.00 0.10 3.23 S.-east Asia 7/Aug : 1.76 19.10 3.75 16.25 22.33 0.54 1.75 Sep : 1.76 18.30 3.80 16.00 21.98 0.54 1.35 South Korea Aug : 1.44 0.08 8.20 6.40 8.30 0.00 1.42 Sep : 1.44 0.08 7.70 5.90 7.80 0.00 1.42 Selected other : Brazil Aug : 10.33 57.00 0.50 38.00 45.00 9.00 13.83 Sep : 11.44 57.00 0.50 38.00 45.00 9.00 14.94 Canada Aug : 1.69 9.70 2.80 8.60 12.60 0.30 1.29 Sep : 1.64 9.90 2.60 8.60 12.60 0.30 1.24 China Aug : 38.88 153.00 0.10 112.00 157.00 0.50 34.48 Sep : 38.88 156.00 0.10 113.00 158.00 0.50 36.48 FSU-12 Aug : 1.25 18.92 0.23 13.03 14.76 3.88 1.75 Sep : 1.25 18.42 0.23 12.53 14.26 3.38 2.25 Ukraine Aug : 0.79 9.50 0.03 5.50 6.20 3.50 0.61 Sep : 0.79 9.00 0.03 5.00 5.70 3.00 1.11 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina and South Africa. 5/ Egypt, the EU-27, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-462-24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total 2/: : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2006/07 World 3/ : 75.68 419.85 27.67 420.55 31.30 74.98 United States : 1.37 6.24 0.65 4.07 2.92 1.27 Total foreign : 74.31 413.61 27.02 416.48 28.37 73.71 Major exporters 4/ : 15.73 139.72 0.46 117.75 22.42 15.73 India : 10.52 93.35 0.00 86.94 5.50 11.43 Pakistan : 0.30 5.20 0.00 2.26 2.84 0.40 Thailand : 3.59 18.25 0.01 9.78 9.56 2.51 Vietnam : 1.32 22.92 0.45 18.78 4.52 1.39 Major importers 5/ : 12.80 60.19 11.58 70.12 0.42 14.03 Brazil : 0.90 7.70 0.75 7.96 0.23 1.16 EU-27 6/ : 1.18 1.69 1.17 2.76 0.15 1.14 Indonesia : 3.21 35.30 2.00 35.90 0.00 4.61 Nigeria : 0.55 2.90 1.60 4.45 0.00 0.60 Philippines : 5.29 9.78 1.80 12.00 0.00 4.87 Sel. Mideast 7/ : 1.51 2.13 2.96 5.06 0.05 1.50 Selected other : Burma : 0.70 10.60 0.00 10.67 0.03 0.60 C. Amer & Carib 8/ : 0.19 0.06 0.37 0.48 0.00 0.14 China : 36.78 127.20 0.47 127.20 1.34 35.92 Egypt : 0.36 4.38 0.10 3.27 1.21 0.37 Japan : 2.40 7.79 0.68 8.25 0.20 2.41 Mexico : 0.16 0.18 0.59 0.79 0.00 0.15 South Korea : 0.82 4.68 0.24 4.89 0.16 0.69 : : 2007/08 (Estimated) World 3/ : 74.98 429.47 25.41 427.19 30.34 77.26 United States : 1.27 6.31 0.76 3.95 3.45 0.94 Total foreign : 73.71 423.16 24.65 423.25 26.89 76.32 Major exporters 4/ : 15.73 145.35 0.41 121.82 21.85 17.83 India : 11.43 96.43 0.00 90.76 4.10 13.00 Pakistan : 0.40 5.50 0.00 2.45 3.00 0.45 Thailand : 2.51 19.30 0.01 9.60 10.00 2.22 Vietnam : 1.39 24.13 0.40 19.01 4.75 2.16 Major importers 5/ : 14.03 61.72 9.42 71.77 0.60 12.80 Brazil : 1.16 8.35 0.50 8.43 0.43 1.16 EU-27 6/ : 1.14 1.68 1.10 2.75 0.15 1.02 Indonesia : 4.61 35.50 0.50 36.35 0.00 4.26 Nigeria : 0.60 3.00 1.60 4.70 0.00 0.50 Philippines : 4.87 10.08 2.00 12.60 0.00 4.35 Sel. Mideast 7/ : 1.50 2.38 2.76 5.20 0.02 1.42 Selected other : Burma : 0.60 10.73 0.03 10.33 0.43 0.60 C. Amer & Carib 8/ : 0.14 0.06 0.38 0.52 0.00 0.05 China : 35.92 129.84 0.30 127.34 1.00 37.72 Egypt : 0.37 4.39 0.02 3.66 0.45 0.67 Japan : 2.41 7.93 0.70 8.15 0.20 2.69 Mexico : 0.15 0.20 0.60 0.76 0.01 0.17 South Korea : 0.69 4.41 0.27 4.64 0.00 0.73 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-27. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. WASDE-462-25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total 2/: : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2008/09 (Projected) World 3/ : August : 77.60 430.75 25.60 427.67 27.75 80.68 September : 77.26 431.98 26.31 428.88 28.25 80.36 United States : August : 0.95 6.55 0.76 4.02 3.52 0.72 September : 0.94 6.62 0.81 4.02 3.52 0.83 Total foreign : August : 76.65 424.20 24.84 423.64 24.23 79.96 September : 76.32 425.36 25.50 424.86 24.73 79.53 Major exporters 4/ : August : 16.93 144.10 0.31 123.97 19.35 18.02 September : 17.83 146.00 0.31 124.76 19.85 19.53 India Aug : 13.00 96.00 0.00 93.00 2.00 14.00 Sep : 13.00 97.00 0.00 93.50 2.00 14.50 Pakistan Aug : 0.45 5.60 0.00 2.42 3.15 0.48 Sep : 0.45 5.80 0.00 2.52 3.15 0.58 Thailand Aug : 1.52 18.80 0.01 9.45 9.00 1.88 Sep : 2.22 19.50 0.01 9.50 9.50 2.73 Vietnam Aug : 1.96 23.70 0.30 19.10 5.20 1.66 Sep : 2.16 23.70 0.30 19.24 5.20 1.72 Major importers 5/ : August : 14.03 62.82 10.18 72.68 0.47 13.88 September : 12.80 61.98 10.48 72.85 0.47 11.95 Brazil Aug : 1.16 8.50 0.60 8.71 0.30 1.25 Sep : 1.16 8.50 0.60 8.71 0.30 1.25 EU-27 6/ Aug : 1.02 1.62 1.20 2.75 0.15 0.94 Sep : 1.02 1.62 1.20 2.75 0.15 0.94 Indonesia Aug : 4.86 36.25 0.80 36.85 0.00 5.06 Sep : 4.26 36.25 0.80 36.85 0.00 4.46 Nigeria Aug : 0.50 3.10 1.60 4.80 0.00 0.40 Sep : 0.50 3.10 1.60 4.80 0.00 0.40 Philippines Aug : 4.98 11.00 2.20 13.00 0.00 5.18 Sep : 4.35 10.20 2.50 13.20 0.00 3.85 Sel. Mideast 7/Aug : 1.42 1.62 2.82 4.83 0.02 1.00 Sep : 1.42 1.59 2.82 4.79 0.02 1.00 Selected other : Burma Aug : 0.60 9.40 0.00 9.70 0.00 0.30 Sep : 0.60 9.40 0.00 9.70 0.00 0.30 C. Am & Car. 8/Aug : 0.05 0.06 0.39 0.48 0.00 0.02 Sep : 0.05 0.06 0.39 0.48 0.00 0.02 China Aug : 37.72 130.55 0.33 127.65 1.10 39.85 Sep : 37.72 130.55 0.33 127.65 1.10 39.85 Egypt Aug : 0.67 4.39 0.02 3.63 0.80 0.65 Sep : 0.67 4.39 0.02 3.63 0.80 0.65 Japan Aug : 2.69 7.90 0.70 8.13 0.20 2.96 Sep : 2.69 8.00 0.70 8.23 0.20 2.96 Mexico Aug : 0.17 0.21 0.60 0.83 0.01 0.14 Sep : 0.17 0.21 0.60 0.83 0.01 0.14 South Korea Aug : 0.73 4.50 0.29 4.54 0.00 0.97 Sep : 0.73 4.50 0.29 4.54 0.00 0.97 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, the EU-27. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. WASDE-462-26 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2006/07 : World : 62.26 121.97 37.44 123.47 37.12 -1.72 62.81 United States : 6.07 21.59 0.02 4.94 13.01 0.25 9.48 Total foreign : 56.19 100.39 37.43 118.53 24.11 -1.97 53.33 Major exporters 4/ : 19.82 45.69 2.27 27.44 20.37 -0.16 20.15 Central Asia 5/ : 2.21 8.19 0.31 1.51 6.93 0.00 2.27 Afr. Fr. Zone 6/ : 1.48 3.64 3/ 0.19 3.81 0.00 1.13 S. Hemis. 7/ : 6.55 9.87 0.95 5.78 4.09 -0.18 7.67 Australia : 1.94 1.35 3/ 0.06 2.13 -0.05 1.15 Brazil : 3.62 7.00 0.52 4.57 1.30 -0.15 5.41 India : 8.06 21.80 0.47 18.10 4.57 0.00 7.66 Major importers 8/ : 34.14 51.62 32.41 86.44 2.38 -1.81 31.16 Mexico : 1.32 0.65 1.35 2.10 0.18 0.03 1.03 China : 22.54 35.50 10.59 50.00 0.09 -2.00 20.54 EU-27 9/ : 1.18 1.61 2.02 2.36 1.58 0.06 0.83 Russia : 0.22 3/ 1.40 1.40 0.00 0.00 0.22 Turkey : 1.67 3.80 4.00 7.30 0.21 0.00 1.96 Pakistan : 4.91 9.90 2.31 12.50 0.22 0.03 4.38 Indonesia : 0.37 0.03 2.20 2.18 0.02 0.05 0.35 Thailand : 0.41 0.02 1.91 1.95 0.00 0.03 0.35 Bangladesh : 0.46 0.06 2.48 2.48 0.00 0.01 0.51 : : 2007/08 (Estimated) : World : 62.81 120.36 38.36 123.82 38.78 -1.90 60.83 United States : 9.48 19.21 0.01 4.60 13.65 0.55 9.90 Total foreign : 53.33 101.15 38.35 119.22 25.13 -2.45 50.93 Major exporters 4/ : 20.15 47.01 1.74 27.77 21.69 -0.14 19.58 Central Asia 5/ : 2.27 8.35 0.20 1.58 6.83 0.00 2.41 Afr. Fr. Zone 6/ : 1.13 2.42 3/ 0.19 2.53 0.00 0.83 S. Hemis. 7/ : 7.67 9.18 0.54 5.85 3.99 -0.15 7.71 Australia : 1.15 0.62 3/ 0.05 1.22 -0.02 0.53 Brazil : 5.41 7.15 0.16 4.60 2.23 -0.15 6.04 India : 7.66 24.60 0.45 18.30 7.20 0.00 7.21 Major importers 8/ : 31.16 51.24 33.94 86.86 2.34 -2.31 29.45 Mexico : 1.03 0.62 1.53 2.00 0.22 0.03 0.93 China : 20.54 37.00 11.53 52.25 0.06 -2.50 19.25 EU-27 9/ : 0.83 1.51 1.62 1.88 1.34 0.05 0.70 Russia : 0.22 3/ 1.28 1.30 0.00 0.00 0.20 Turkey : 1.96 3.10 3.20 6.20 0.30 0.00 1.76 Pakistan : 4.38 8.90 3.80 12.40 0.30 0.03 4.35 Indonesia : 0.35 0.03 2.30 2.23 0.02 0.05 0.39 Thailand : 0.35 0.02 1.93 1.93 0.00 0.03 0.34 Bangladesh : 0.51 0.04 2.80 2.75 0.00 0.01 0.58 =============================================================================== 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, South Korea, Taiwan, and Vietnam. 9/ Includes intra-EU trade. WASDE-462-27 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2008/09 (Projected) World : August : 60.36 112.16 39.28 124.54 39.27 -2.99 50.98 September : 60.83 112.17 38.52 123.70 38.51 -3.01 52.32 United States : August : 10.20 13.77 0.02 4.40 15.00 -0.02 4.60 September : 9.90 13.85 0.02 4.40 14.50 -0.04 4.90 Total foreign : August : 50.16 98.39 39.26 120.14 24.27 -2.97 46.38 September : 50.93 98.32 38.50 119.30 24.01 -2.97 47.42 Major exporters 4/ : August : 20.07 45.92 2.02 27.90 21.05 -0.16 19.23 September : 19.58 46.43 2.02 27.70 20.92 -0.16 19.58 Central Asia 5/Aug : 2.41 7.63 0.20 1.61 6.52 0.00 2.12 Sep : 2.41 7.63 0.20 1.61 6.52 0.00 2.12 Afr. Fr. Zn. 6/Aug : 0.83 2.99 3/ 0.19 2.81 0.00 0.81 Sep : 0.83 2.95 3/ 0.19 2.78 0.00 0.80 S. Hemis 7/ Aug : 8.10 9.15 0.52 5.87 4.27 -0.18 7.81 Sep : 7.71 9.20 0.52 5.87 4.17 -0.18 7.56 Australia Aug : 0.55 1.20 3/ 0.05 1.10 -0.05 0.65 Sep : 0.53 1.20 3/ 0.05 1.00 -0.05 0.73 Brazil Aug : 6.40 6.40 0.20 4.60 2.60 -0.15 5.95 Sep : 6.04 6.40 0.20 4.60 2.60 -0.15 5.59 India Aug : 7.31 24.00 0.80 18.50 6.25 0.00 7.36 Sep : 7.21 24.50 0.80 18.30 6.25 0.00 7.96 Major importers 8/ : August : 28.21 49.28 34.71 87.78 2.00 -2.81 25.22 September : 29.45 48.86 33.81 87.01 1.97 -2.81 25.95 Mexico Aug : 0.92 0.68 1.35 1.95 0.18 0.03 0.80 Sep : 0.93 0.68 1.35 1.95 0.18 0.03 0.81 China Aug : 18.01 35.50 13.00 53.50 0.08 -3.00 15.94 Sep : 19.25 35.50 12.00 53.00 0.08 -3.00 16.68 EU-27 9/ Aug : 0.70 1.26 1.53 1.73 1.15 0.05 0.55 Sep : 0.70 1.24 1.53 1.73 1.13 0.05 0.55 Russia Aug : 0.20 3/ 1.20 1.20 0.00 0.00 0.20 Sep : 0.20 3/ 1.20 1.20 0.00 0.00 0.20 Turkey Aug : 1.76 2.30 3.30 5.70 0.23 0.00 1.43 Sep : 1.76 2.30 3.20 5.60 0.23 0.00 1.43 Pakistan Aug : 4.33 9.40 3.20 12.50 0.25 0.03 4.15 Sep : 4.35 9.00 3.30 12.30 0.25 0.03 4.08 Indonesia Aug : 0.39 0.03 2.30 2.30 0.02 0.05 0.35 Sep : 0.39 0.03 2.30 2.30 0.02 0.05 0.35 Thailand Aug : 0.34 0.02 1.95 2.00 0.00 0.03 0.28 Sep : 0.34 0.02 1.98 1.98 0.00 0.03 0.33 Bangladesh Aug : 0.58 0.06 3.05 3.05 0.00 0.01 0.63 Sep : 0.58 0.06 3.05 3.05 0.00 0.01 0.63 =============================================================================== 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, South Korea, Taiwan, and Vietnam. 9/ Includes intra-EU trade. WASDE-462-28 World Soybean Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : : :stocks :Beginning:Produc-: : Domestic : : : stocks : tion :Imports: Crush : Total :Exports: =============================================================================== : : 2006/07 World 2/ : 53.10 236.56 69.20 195.53 224.76 71.45 62.65 United States : 12.23 86.77 0.25 49.20 53.24 30.39 15.62 Total foreign : 40.87 149.79 68.96 146.33 171.52 41.07 47.03 Major exporters 3/ : 33.27 114.00 2.05 66.24 70.80 37.54 40.98 Argentina : 16.47 48.80 1.99 33.59 35.09 9.56 22.61 Brazil : 16.64 59.00 0.05 31.11 34.02 23.49 18.19 Major importers 4/ : 5.82 17.76 55.50 58.92 74.31 0.52 4.26 China : 4.57 15.20 28.73 35.48 45.40 0.45 2.66 EU-27 : 0.73 1.23 15.29 14.67 16.09 0.05 1.12 Japan : 0.26 0.23 4.09 2.93 4.31 0.00 0.27 Mexico : 0.04 0.08 3.94 3.99 4.02 0.00 0.04 : : 2007/08 (Estimated) World 2/ : 62.65 218.22 78.30 202.95 230.08 78.97 50.13 United States : 15.62 70.36 0.27 49.40 51.00 31.43 3.81 Total foreign : 47.03 147.87 78.03 153.55 179.07 47.53 46.32 Major exporters 3/ : 40.98 114.30 3.12 69.21 73.82 44.08 40.49 Argentina : 22.61 46.50 2.95 35.35 36.87 13.50 21.69 Brazil : 18.19 61.00 0.15 32.25 35.20 25.50 18.64 Major importers 4/ : 4.26 15.52 63.38 62.12 77.77 0.51 4.87 China : 2.66 13.50 36.50 38.75 48.85 0.45 3.36 EU-27 : 1.12 0.73 15.40 14.84 16.18 0.04 1.02 Japan : 0.27 0.23 4.05 2.86 4.26 0.00 0.29 Mexico : 0.04 0.08 3.75 3.80 3.84 0.00 0.03 : : 2008/09 (Projected) World 2/ : August : 49.25 237.36 76.23 207.67 237.88 75.67 49.28 September : 50.13 237.99 77.47 206.38 236.76 77.60 51.23 United States : August : 3.68 80.90 0.22 49.40 53.89 27.22 3.69 September : 3.81 79.85 0.27 48.58 53.05 27.22 3.67 Total foreign : August : 45.57 156.46 76.01 158.27 183.99 48.45 45.60 September : 46.32 158.15 77.20 157.80 183.72 50.38 47.57 Major exporters 3/ : August : 40.63 119.20 2.83 72.68 77.36 44.98 40.32 September : 40.49 120.20 3.50 71.65 76.34 46.80 41.05 Argentina Aug : 22.14 49.50 2.65 37.70 39.24 12.90 22.15 Sep : 21.69 50.50 3.33 37.50 39.04 13.90 22.58 Brazil Aug : 18.33 62.50 0.16 32.50 35.50 27.50 17.99 Sep : 18.64 62.50 0.16 32.50 35.50 27.50 18.30 Major importers 4/ : August : 3.97 17.96 61.14 62.75 78.42 0.46 4.20 September : 4.87 18.44 61.84 63.45 79.30 0.46 5.40 China Aug : 2.56 16.00 36.00 41.02 51.27 0.40 2.89 Sep : 3.36 16.50 36.00 41.22 51.57 0.40 3.89 EU-27 Aug : 0.92 0.65 13.65 13.30 14.41 0.04 0.78 Sep : 1.02 0.63 14.35 13.80 14.99 0.04 0.98 Japan Aug : 0.29 0.23 4.05 2.84 4.26 0.00 0.31 Sep : 0.29 0.23 4.05 2.84 4.26 0.00 0.31 Mexico Aug : 0.03 0.10 3.64 3.71 3.74 0.00 0.03 Sep : 0.03 0.10 3.64 3.71 3.74 0.00 0.03 =============================================================================== 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and Paraguay. 4/ Japan, China, and EU, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). WASDE-462-29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2006/07 World 2/ : 5.92 153.81 52.63 152.37 54.00 5.99 United States : 0.29 39.06 0.14 31.18 7.99 0.31 Total foreign : 5.63 114.75 52.49 121.19 46.01 5.68 Major exporters 3/ : 3.47 55.45 0.17 13.73 41.80 3.56 Argentina : 1.67 26.06 0.00 0.59 25.63 1.52 Brazil : 1.47 24.11 0.17 11.12 12.72 1.91 India : 0.32 5.28 0.00 2.02 3.46 0.13 Major importers 4/ : 1.14 40.96 28.69 68.23 1.42 1.13 EU-27 : 0.87 11.55 22.18 33.19 0.55 0.86 China : 0.00 28.09 0.03 27.26 0.87 0.00 : : 2007/08 (Estimated) World 2/ : 5.99 159.75 55.08 158.07 56.21 6.55 United States : 0.31 39.02 0.13 30.62 8.57 0.27 Total foreign : 5.68 120.73 54.95 127.46 47.63 6.28 Major exporters 3/ : 3.56 59.02 0.13 14.22 44.15 4.33 Argentina : 1.52 27.66 0.00 0.63 26.90 1.65 Brazil : 1.91 24.97 0.13 12.00 12.40 2.61 India : 0.13 6.39 0.00 1.59 4.85 0.07 Major importers 4/ : 1.13 43.68 30.45 73.15 1.10 1.01 EU-27 : 0.86 11.69 23.90 35.17 0.42 0.86 China : 0.00 30.69 0.20 30.22 0.67 0.00 : : 2008/09 (Projected) World 2/ : August : 6.42 163.23 56.29 161.86 57.82 6.25 September : 6.55 162.65 55.74 161.04 57.63 6.26 United States : August : 0.27 39.09 0.15 31.25 7.98 0.27 September : 0.27 38.50 0.15 30.84 7.80 0.27 Total foreign : August : 6.14 124.15 56.14 130.61 49.84 5.98 September : 6.28 124.15 55.59 130.20 49.83 5.99 Major exporters 3/ : August : 4.15 60.71 0.13 15.47 45.50 4.01 September : 4.33 60.93 0.13 15.05 46.29 4.06 Argentina Aug : 1.46 29.25 0.00 0.67 28.50 1.54 Sep : 1.65 29.44 0.00 0.67 28.79 1.63 Brazil Aug : 2.61 25.18 0.13 12.30 13.20 2.42 Sep : 2.61 25.19 0.13 12.75 12.80 2.38 India Aug : 0.07 6.28 0.00 2.50 3.80 0.05 Sep : 0.07 6.31 0.00 1.63 4.70 0.05 Major importers 4/ : August : 1.11 44.26 30.32 73.68 0.96 1.05 September : 1.01 44.80 29.98 73.84 0.96 0.99 EU-27 Aug : 0.86 10.47 23.00 33.12 0.35 0.85 Sep : 0.86 10.87 23.00 33.54 0.35 0.83 China Aug : 0.00 32.47 0.20 32.07 0.60 0.00 Sep : 0.00 32.60 0.20 32.20 0.60 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-462-30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2006/07 World 2/ : 3.30 36.32 9.70 35.64 10.57 3.11 United States : 1.37 9.29 0.02 8.43 0.85 1.40 Total foreign : 1.93 27.03 9.68 27.21 9.72 1.71 Major exporters 3/ : 1.00 15.03 0.97 7.44 8.68 0.89 Argentina : 0.49 6.42 0.00 0.57 5.97 0.38 Brazil : 0.31 5.97 0.00 3.51 2.46 0.32 EU-27 : 0.19 2.64 0.97 3.36 0.24 0.20 Major importers 4/ : 0.43 7.53 3.84 11.24 0.10 0.46 China : 0.20 6.34 2.40 8.60 0.09 0.25 India : 0.23 1.18 1.40 2.60 0.01 0.21 Pakistan : 0.00 0.01 0.04 0.04 0.00 0.00 : : 2007/08 (Estimated) World 2/ : 3.11 37.86 9.96 37.24 11.01 2.69 United States : 1.40 9.50 0.03 8.37 1.36 1.20 Total foreign : 1.71 28.36 9.94 28.87 9.64 1.50 Major exporters 3/ : 0.89 15.63 0.99 7.97 8.64 0.89 Argentina : 0.38 6.77 0.00 0.93 5.87 0.35 Brazil : 0.32 6.18 0.07 3.82 2.40 0.35 EU-27 : 0.20 2.67 0.92 3.22 0.37 0.20 Major importers 4/ : 0.46 8.35 3.50 11.91 0.09 0.32 China : 0.25 6.92 2.75 9.61 0.08 0.23 India : 0.21 1.43 0.70 2.24 0.01 0.09 Pakistan : 0.00 0.01 0.05 0.06 0.00 0.00 : : 2008/09 (Projected) World 2/ : August : 2.71 38.66 10.68 38.44 10.97 2.63 September : 2.69 38.41 10.05 37.90 10.63 2.62 United States : August : 1.30 9.39 0.02 8.35 1.20 1.16 September : 1.20 9.23 0.02 8.32 1.07 1.06 Total foreign : August : 1.41 29.28 10.65 30.10 9.77 1.47 September : 1.50 29.18 10.02 29.57 9.57 1.56 Major exporters 3/ : August : 0.84 15.83 1.02 8.25 8.59 0.85 September : 0.89 15.90 0.79 8.13 8.55 0.91 Argentina Aug : 0.30 7.22 0.00 1.14 6.04 0.33 Sep : 0.35 7.17 0.00 1.15 6.00 0.37 Brazil Aug : 0.34 6.23 0.07 4.01 2.30 0.33 Sep : 0.35 6.24 0.07 4.01 2.30 0.34 EU-27 Aug : 0.20 2.39 0.95 3.10 0.25 0.19 Sep : 0.20 2.49 0.72 2.96 0.25 0.19 Major importers 4/ : August : 0.30 8.74 3.95 12.57 0.08 0.35 September : 0.32 8.77 3.55 12.20 0.08 0.37 China Aug : 0.21 7.33 3.00 10.21 0.07 0.26 Sep : 0.23 7.36 2.60 9.84 0.07 0.28 India Aug : 0.09 1.41 0.90 2.30 0.01 0.08 Sep : 0.09 1.41 0.90 2.30 0.01 0.09 Pakistan Aug : 0.00 0.01 0.05 0.06 0.00 0.00 Sep : 0.00 0.01 0.05 0.06 0.00 0.00 =============================================================================== 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and EU. 4/ India, China and Pakistan. WASDE-462-31 U.S. Quarterly Animal Product Production 1/ =============================================================================== Year : : : Red : : : Total: Red : : : and : : : meat : : :poultry: meat & : : : quarter : Beef : Pork : 2/ :Broiler:Turkey: 3/ : poultry: Egg : Milk : =============================================================================== : Million pounds Mil doz Bil lbs 2007 : III : 6802 5256 12130 9131 1488 10747 22876 1883 46.1 IV : 6733 6163 12976 9285 1575 10986 23962 1921 46.0 Annual : 26421 21943 48683 36126 5958 42582 91265 7547 185.6 : 2008 : I : 6371 6023 12474 9108 1541 10784 23258 1870 47.5 II : 6897 5593 12568 9432 1565 11144 23712 1860 48.7 III* : 6900 5620 12596 9300 1560 11005 23601 1890 46.8 IV* : 6520 6240 12839 9200 1575 10915 23754 1925 46.6 Annual : Aug Proj : 26688 23556 50557 36992 6196 43745 94302 7545 189.5 Sep Proj : 26688 23476 50477 37040 6241 43848 94325 7545 189.6 : 2009 : I* : 6275 5840 12194 8945 1505 10585 22779 1865 47.7 II* : 6785 5505 12370 9345 1530 11005 23375 1865 49.1 Annual : Aug Proj : 26550 23025 49889 36690 6045 43260 93149 7560 190.3 Sep Proj : 26550 22980 49844 36740 6105 43375 93219 7560 190.8 =============================================================================== * 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 1/ =============================================================================== Year : Choice : Barrows : : : : : and : steers :and gilts : Broilers : Turkeys : Eggs : Milk : quarter : 2/ : 3/ : 4/ : 5/ : 6/ : 7/ : =============================================================================== : Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2007 : III : 91.36 50.33 79.2 89.9 119.1 21.67 IV : 91.85 39.43 71.1 90.8 141.0 21.60 Annual : 91.82 47.09 76.4 82.1 114.4 19.13 : 2008 : I : 89.59 39.64 78.1 77.4 158.8 19.23 II : 92.82 52.51 80.6 88.9 117.3 18.57 III* : 98-99 56-57 80-81 96-97 115-118 18.55-18.75 IV* : 96-100 47-49 79-83 94-98 122-128 18.20-18.70 Annual : Aug Proj : 93-95 48-49 80-82 88-90 130-133 18.85-19.05 Sep Proj : 94-96 49-50 79-81 89-90 128-131 18.65-18.85 : 2009 : I* : 94-102 50-54 80-86 80-86 126-136 17.85-18.65 II* : 95-103 53-57 82-88 87-95 123-133 17.60-18.60 Annual : Aug Proj : 92-100 51-56 83-90 89-96 123-133 18.25-19.25 Sep Proj : 94-102 51-56 82-89 89-96 122-132 17.85-18.85 =============================================================================== *Projection. 1/ Simple average of months. 2/ Nebraska, Direct, 1100-1300 lbs. 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale, 12-city average. 5/ 8-12 lbs, hens Eastern Region. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. WASDE-462-32 U.S. Meats Supply and Use =============================================================================== : Supply : Use :----------------------------------------------------------- : : : : : : : Disappearance : : Pro- : : : : :-------------- : Beg- : duc- : : : : End- : : Per Item :inning: tion : Im- : Total : Ex- : ing : :capita :stocks: 1/ :ports: supply: ports:stocks:Total : 2/ 3/ =============================================================================== : Million pounds 4/ BEEF : 2007 : 630 26523 3052 30205 1434 630 28141 65.2 2008 Proj. Aug : 630 26790 2552 29972 1725 600 27647 63.5 Sep : 630 26790 2553 29973 1841 600 27532 63.2 2009 Proj. Aug : 600 26652 2835 30087 1915 600 27572 62.7 Sep : 600 26652 2835 30087 2060 600 27427 62.4 : PORK : 2007 : 514 21962 968 23444 3141 536 19767 50.8 2008 Proj. Aug : 536 23575 862 24973 5406 630 18937 48.2 Sep : 536 23495 862 24893 5443 630 18820 47.9 2009 Proj. Aug : 630 23044 850 24524 5100 630 18794 47.4 Sep : 630 22999 850 24479 5100 630 18749 47.3 : TOTAL RED MEAT 5/ : 2007 : 1166 48817 4223 54206 4585 1186 48436 117.5 2008 Proj. Aug : 1186 50691 3603 55480 7140 1254 47086 113.1 Sep : 1186 50611 3608 55405 7293 1254 46858 112.5 2009 Proj. Aug : 1254 50023 3873 55150 7027 1254 46869 111.5 Sep : 1254 49978 3873 55105 7172 1254 46679 111.1 : BROILERS : 2007 : 732 35739 61 36532 5904 719 29909 85.0 2008 Proj. Aug : 719 36596 67 37382 6562 680 30140 84.9 Sep : 719 36644 69 37432 6674 680 30078 84.7 2009 Proj. Aug : 680 36297 68 37045 6275 690 30080 84.0 Sep : 680 36347 68 37095 6275 690 30130 84.1 : TURKEYS : 2007 : 218 5880 10 6108 547 261 5300 17.5 2008 Proj. Aug : 261 6115 12 6387 623 285 5479 18.0 Sep : 261 6159 11 6430 628 285 5517 18.1 2009 Proj. Aug : 285 5966 12 6263 635 285 5343 17.4 Sep : 285 6025 12 6322 635 285 5402 17.6 : TOTAL POULTRY 6/ : 2007 : 956 42117 75 43147 6618 982 35548 103.7 2008 Proj. Aug : 982 43268 82 44331 7316 967 36048 104.3 Sep : 982 43369 85 44436 7435 969 36031 104.2 2009 Proj. Aug : 967 42788 83 43837 7060 977 35800 102.6 Sep : 969 42901 83 43953 7060 978 35915 102.9 : RED MEAT & POULTRY : 2007 : 2122 90934 4298 97354 11202 2168 83984 221.2 2008 Proj. Aug : 2168 93959 3685 99811 14456 2221 83134 217.4 Sep : 2168 93980 3693 99841 14728 2223 82889 216.8 2009 Proj. Aug : 2221 92811 3956 98987 14087 2231 82669 214.1 Sep : 2223 92879 3956 99058 14232 2232 82594 214.0 =============================================================================== 1/ Total including farm production for red meats and, for poultry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis. 3/ Population source: Dept. of Commerce, Census Bureau. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. WASDE-462-33 U.S. Egg Supply and Use =============================================================================== : : : 2008 Projected : 2009 Projected : : :-----------------:----------------- Commodity : 2006 : 2007 : Aug : Sep : Aug : Sep =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 16.0 12.5 11.1 11.1 12.0 12.0 Production : 7610.0 7547.0 7545.0 7545.0 7560.0 7560.0 Imports : 8.6 13.6 14.5 15.2 14.0 14.0 Total supply : 7634.6 7573.1 7570.6 7571.3 7586.0 7586.0 : Use : Exports : 202.1 250.3 200.6 204.8 221.0 221.0 Hatching use : 992.2 1014.5 1010.0 1010.0 1018.0 1018.0 Ending stocks : 12.5 11.1 12.0 12.0 12.0 12.0 Disappearance : Total : 6427.8 6297.2 6348.0 6344.5 6335.0 6335.0 Per capita (number) : 257.8 250.1 249.8 249.7 247.0 247.0 =============================================================================== U.S. Milk Supply and Use =============================================================================== : : : 2008 Projected : 2009 Projected Commodity : : :-----------------:----------------- : 2006 : 2007 : Aug : Sep : Aug : Sep =============================================================================== : Billion pounds Milk : Production : 181.8 185.6 189.5 189.6 190.3 190.8 Farm use : 1.2 1.2 1.2 1.2 1.2 1.2 : Fat Basis Supply : Beg. commercial stocks : 8.0 9.5 10.4 10.4 9.7 9.5 Marketings : 180.6 184.4 188.3 188.4 189.1 189.6 Imports : 5.0 4.6 3.7 3.7 4.0 4.0 Total cml. supply : 193.6 198.6 202.4 202.5 202.8 203.1 : Fat Basis Use : Commercial Exports : 3.4 5.7 8.7 8.7 6.7 6.7 Ending commercial stks : 9.5 10.4 9.7 9.5 9.0 8.9 CCC net removals 1/ : 0.0 0.0 0.0 0.0 0.0 0.0 Commercial use 2/ : 180.7 182.5 184.0 184.3 187.1 187.5 : Skim-solids Basis Supply : Beg. commercial stocks : 9.0 9.1 9.9 9.9 9.4 9.8 Marketings : 180.6 184.4 188.3 188.4 189.1 189.6 Imports : 4.8 4.4 3.8 3.6 3.9 3.9 Total cml. supply : 194.4 198.0 202.0 201.9 202.3 203.3 : Skim-solids Basis Use : Commercial Exports : 23.6 24.5 27.2 27.2 24.0 24.0 Ending commercial stks : 9.1 9.9 9.4 9.8 9.1 9.6 CCC net removals 1/ : 0.7 0.0 0.0 0.0 0.0 0.0 Commercial use 2/ : 160.9 163.6 165.5 164.9 169.3 169.7 : : Million pounds CCC product net removals 1/: Butter : 0 0 0 0 0 0 Cheese : 0 0 0 0 0 0 Nonfat dry milk : 64 0 0 0 0 0 Dry whole milk : 0 0 0 0 0 0 =============================================================================== Note: Totals may not add due to rounding. 1/ Includes products exported under the Dairy Export Incentive Program. 2/ Domestic commercial use only. WASDE-462-34 U.S. Dairy Prices =========================================================================== : : : 2008 Projected : 2009 Projected : : :-----------------:----------------- Commodity : 2006 : 2007 : Aug : Sep : Aug : Sep =========================================================================== : Dollars per pound : Product Prices 1/ : Cheese : 1.2470 1.7380 1.920- 1.905- 1.855- 1.840- : 1.940 1.925 1.955 1.940 : Butter : 1.2193 1.3441 1.415- 1.405- 1.355- 1.350- : 1.455 1.445 1.485 1.480 : Nonfat dry milk : 0.8928 1.7083 1.385- 1.375- 1.485- 1.455- : 1.405 1.395 1.555 1.525 : Dry whey : 0.3285 0.6004 0.270- 0.260- 0.300- 0.260- : 0.290 0.280 0.330 0.290 : : Dollars per cwt Milk Prices 2/ : Class III : 11.89 18.04 17.85- 17.65- 17.10- 16.75- : 18.05 17.85 18.10 17.75 : Class IV : 11.06 18.36 15.95- 15.80- 16.40- 16.10- : 16.25 16.10 17.50 17.20 : All milk 3/ : 12.88 19.13 18.85- 18.65- 18.25- 17.85- : 19.05 18.85 19.25 18.85 : =========================================================================== 1/ Simple average of monthly prices calculated by AMS from NASS weekly average dairy product prices for class price computations. Details may be found at http://www.ams.usda.gov/dyfmos/mib/fedordprc_dscrp.htm. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. WASDE-462-35 Note: Tables on pages 35-37 present a 27-year record of the differences between the September projection and the final estimate. Using world wheat production as an example, changes between the September projection and the final estimate have averaged 9.3 million tons (1.7%) ranging from -30.7 to 13.1 million tons. The September projection has been below the estimate 16 times and above 11 times. Reliability of September Projections =============================================================================== :Differences between proj. & final estimate,1981/82-2007/08 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== WHEAT :Percent Million metric tons Number of years 2/ Production : World : 1.7 9.3 -30.7 13.1 16 11 U.S. : 1.4 0.9 -1.4 2.5 10 17 Foreign : 1.9 9.2 -30.9 12.0 17 10 Exports : World : 4.3 4.9 -13.5 6.2 19 8 U.S. : 8.6 2.8 -10.0 7.2 12 15 Foreign : 5.1 4.2 -11.5 4.0 18 9 Domestic use : World : 1.3 7.2 -23.4 13.2 18 9 U.S. : 5.7 1.8 -3.7 3.6 11 16 Foreign : 1.4 6.9 -21.0 12.3 20 7 Ending stocks : World : 6.9 9.1 -28.3 14.3 20 7 U.S. : 13.5 2.9 -9.1 12.4 13 14 Foreign : 7.7 8.2 -26.0 7.4 19 8 : COARSE GRAINS 3/ : Production : World : 1.8 15.8 -50.6 24.9 21 6 U.S. : 3.6 8.7 -21.5 26.0 18 9 Foreign : 2.0 12.4 -29.6 13.9 19 8 Exports : World : 5.4 5.7 -12.4 16.5 19 8 U.S. : 13.5 7.2 -19.0 14.5 12 15 Foreign : 12.2 6.3 -15.3 12.7 17 10 Domestic use : World : 1.2 10.4 -29.1 20.8 14 13 U.S. : 3.3 6.4 -15.8 13.2 18 9 Foreign : 1.4 9.2 -20.2 22.0 18 9 Ending stocks : World : 11.3 16.1 -43.2 24.6 21 6 U.S. : 17.8 8.9 -32.2 13.5 12 15 Foreign : 13.4 11.3 -25.8 15.2 23 4 : RICE, milled : Production : World : 1.9 6.6 -24.1 3.4 22 5 U.S. : 4.0 0.2 -0.5 0.5 16 10 Foreign : 1.9 6.6 -24.4 3.6 22 5 Exports : World : 7.9 1.6 -6.7 0.8 19 8 U.S. : 7.8 0.2 -0.9 0.9 14 11 Foreign : 8.8 1.5 -6.7 0.8 19 8 Domestic use : World : 1.3 4.4 -22.7 3.0 21 6 U.S. : 5.3 0.2 -0.4 0.4 12 13 Foreign : 1.3 4.4 -23.1 3.2 21 6 Ending stocks : World : 10.8 4.8 -14.9 5.2 22 5 U.S. : 18.0 0.2 -0.9 0.7 16 11 Foreign : 11.5 4.9 -14.6 6.1 22 5 =============================================================================== 1/ Footnotes at end of table. CONTINUED WASDE-462-36 Reliability of September Projections (Continued) =============================================================================== :Differences between proj. & final estimate,1981/82-2007/08 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== SOYBEANS :Percent Million metric tons Number of years 2/ Production : World : 3.0 6.8 -14.2 8.7 2 2 U.S. : 5.2 4.4 -8.3 0.9 3 1 Foreign : 6.4 8.8 -11.6 17.0 1 3 Exports : World : 2.4 1.6 -1.6 3.3 2 2 U.S. : 11.0 3.1 -4.6 4.6 2 2 Foreign : 6.1 2.3 -1.3 3.6 2 2 Domestic use : World : 2.0 4.5 -7.0 5.9 2 2 U.S. : 4.4 2.3 -2.7 2.7 3 1 Foreign : 3.7 6.2 -9.8 8.7 2 2 Ending stocks : World : 11.7 6.5 -12.0 5.6 2 2 U.S. : 39.5 3.3 -6.6 2.2 3 1 Foreign : 12.2 5.3 -10.8 8.6 3 1 : COTTON : Million 480-pound bales Production : World : 3.3 3.0 -12.6 9.5 18 9 U.S. : 5.2 0.9 -2.3 2.4 16 10 Foreign : 3.6 2.7 -11.2 9.8 18 9 Exports : World : 5.4 1.6 -6.7 6.0 15 12 U.S. : 15.2 1.1 -2.7 3.2 15 12 Foreign : 6.5 1.3 -3.9 2.8 13 14 Mill use : World : 2.5 2.2 -7.2 4.2 12 15 U.S. : 5.7 0.4 -1.1 1.3 13 11 Foreign : 2.6 2.2 -7.1 4.2 13 13 Ending stocks : World : 12.4 4.8 -12.7 12.5 19 8 U.S. : 28.8 1.4 -5.1 2.5 12 15 Foreign : 12.4 4.2 -13.2 10.9 19 8 =============================================================================== 1/ Final estimate for 1981/82-2006/07 is defined as the first November estimate following the marketing year, and for 2007/08 last month's estimate. 2/ May not total 27 if projection was the same as final estimate. 3/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. WASDE-462-37 Reliability of United States September Projections 1/ =============================================================================== :Differences between proj. & final estimate,1981/82-2007/08 2/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== CORN :Percent Million bushels Number of years 3/ Production : 3.9 328 -846 885 18 9 Exports : 14.1 259 -725 521 11 16 Domestic use : 3.7 247 -553 430 18 9 Ending stocks : 20.6 329 -1321 490 12 15 : SORGHUM : Production : 4.6 27 -69 81 12 14 Exports : 15.9 37 -115 97 15 12 Domestic use : 9.2 36 -114 78 13 14 Ending stocks : 35.4 41 -155 112 9 18 : BARLEY : Production : 3.4 12 -29 36 10 17 Exports : 28.2 16 -82 38 13 11 Domestic use : 7.9 26 -47 72 11 14 Ending stocks : 13.5 21 -61 70 12 15 : OATS : Production : 7.3 14 -19 44 4 22 Exports : 63.9 2 -5 8 9 10 Domestic use : 4.3 14 -39 30 9 18 Ending stocks : 14.1 16 -40 47 13 14 : : Thousand short tons SOYBEAN MEAL : Production : 3.4 1079 -2846 1680 18 9 Exports : 11.9 810 -2350 1900 13 14 Domestic use : 2.8 683 -1550 1100 17 10 Ending stocks : 28.4 67 -179 368 11 12 : : Million pounds SOYBEAN OIL : Production : 3.5 537 -1473 791 16 11 Exports : 26.2 433 -1850 1219 14 13 Domestic use : 2.7 383 -985 2000 18 9 Ending stocks : 27.5 468 -1357 1143 13 14 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 3.7 926 -727 2486 17 8 Pork : 2.2 368 -1315 1242 14 11 Broilers : 2.0 495 -1337 1063 16 9 Turkeys : 2.3 103 -444 235 17 8 : : Million dozen Eggs : 1.4 85 -143 188 17 7 : : Billion pounds Milk : 1.4 2.1 -7.2 6.8 15 10 =============================================================================== 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. 2/ Final estimate for 1981/82-2006/07 is defined as the first November estimate following the marketing year, and for 2007/08 last month's estimate. 3/ May not total 27 for crops and 25 for animal production if projection was the same as the final estimate. 4/ Calendar years 1983 thru 2007 for meats, eggs, and milk. Final for animal products is defined as latest annual production estimate published by NASS. ----------- End of File ---------------