Grain: World Markets and Trade, October 2006

                                                                                                                      Back to GFD Home
Grain: World Markets and Trade        Back to FAS Home
Foreign Agricultural Service Circular Series
FG 10-06
October 2006

Read the notice regarding the latest changes to the Circular

Severe drought in Australia this year is decimating grain crops, curtailing exports and causing major price and trade impacts on global grain markets. For wheat, Australia is one of the world’s largest suppliers but exports are now forecast to drop by a third. This will likely mean sharply reduced shipments to Mediterranean markets such as Egypt and a greater focus on traditional Asian destinations. A dearth of Australian supplies will exacerbate an already very tight global situation and result in even further drawdowns in exporters’ stocks (which typically impact world prices). This has already caused prices to soar to the highest levels in a decade. As the world’s largest barley exporter for the past 3 years, sharply lower exportable supplies will support higher prices and cause demand to shift to European and Black Sea region suppliers. For rice, Australia had returned as a significant player in the medium-grain market. However, with production forecast to plunge nearly two-thirds, importers will have to source more medium-grain rice from the United States, Egypt, and China.

TABLE OF CONTENTS                                                                    Complete Grain Report in PDF
Grain World Markets and Trade Commodity Data

All Grains Summary: Global snapshot of grains production, consumption, stocks and trade

Wheat

Monthly Commentary: Wheat: World Markets and Trade

Table 1: World Wheat, Flour, and Products Trade

Table 2: World Wheat Production, Consumption, and Stocks

Table 3: Regional Wheat Imports, Production, Consumption, and Stocks

Rice

Monthly Commentary: Rice: World Markets and Trade

Table 1: World Rice Trade

Table 2: World Rice Production, Consumption, and Stocks

Table 3: Regional Rice Imports, Production, Consumption, and Stocks

Coarse Grains

Monthly Commentary: Coarse Grains: World Markets and Trade

Table 1: World Coarse Grain Trade

Table 2: World Coarse Grains Production, Consumption, and Stocks

Table 3: Regional Coarse Grain Imports, Production, Consumption, and Stocks

Table 4: World Corn Trade

Table 5: World Corn Production, Consumption, and Stocks

Table 6: Regional Corn Imports, Production, Consumption, and Stocks

Table 7: World Barley Trade

Table 8: World Barley Production, Consumption, and Stocks

Table 9: Regional Barley Imports, Production, Consumption, and Stocks

Table 10: World Sorghum Trade

Table 11: World Sorghum Production, Consumption, and Stocks

Table 12: Regional Sorghum Imports, Production, Consumption, and Stocks

Table 13: World Oats Trade

Table 14: World Oats Production, Consumption, and Stocks

Table 15: Regional Oats Imports, Production, Consumption, and Stocks

Table 16: World Rye Trade

Table 17: World Rye Production, Consumption, and Stocks

Table 18: Regional Rye Imports, Production, Consumption, and Stocks

Historical Data Series

Table 1: European Union: Grain Supply and Demand

Table 2: China: Grain Supply and Demand

Table 3: Other Europe: Grain Supply and Demand

Table 4: Former Soviet Union: Grain Supply and Demand (Wheat and Coarse Grains)

Table 5: Former Soviet Union: Grain Supply and Demand (Wheat)

Table 6: Former Soviet Union: Grain Supply and Demand (Corn)

Table 7: Former Soviet Union: Grain Supply and Demand (Barley)

Table 8: Wheat Supply and Disappearance: Selected Exporters

Table 9: Corn Supply and Disappearance: Selected Exporters

Table 10: Barley Supply and Disappearance: Selected Exporters

Table 11: Sorghum Supply and Disappearance: Selected Exporters

Table 12: U.S. Grains Supply and Distribution: Wheat, Corn, Sorghum, Barley, Oats, Rye, and Rice

Table 13: Total Wheat and Coarse Grains: Supply and Demand

Table 14: World Wheat and Coarse Grains: Supply and Demand

Table 15: World Corn and Barley: Supply and Demand

Table 16: World Rice: Supply and Demand

Endnotes: Regional Table Definitions and other notes.

Additional Resources

Production, Supply and Demand Database Online (PSD Online)

World Agricultural Supply and Demand Estimates (WASDE)

Interagency Commodity Estimates Committees (ICEC)

CIRCULAR MODIFICATIONS - CHANGES IN RELEASE TIMES

Starting with the October release, data and the Circular will be available to the public at 12 noon (Washington, D.C. local time) the day following WASDE, i.e., 3 hours earlier than before. We hope to accelerate this schedule even further in the near future.

Your comments on the new Circular are welcome and can be sent to gfd@usda.gov. Thank you for the comments that we have already received. They have been very helpful.

September 2006

FAS released a new version of PSD Online on August 31, 2006. It retains all of the ease-of-use and functionality of the current version, while incorporating some new features. Samples of the new data attributes and format can be obtained from the FAS web site (http://www.fas.usda.gov/psdonline/psdHome.aspx).

The new system will allow us to overhaul this Circular so readers will notice a new look beginning in September. This revised format will be "in transition" over the next several months, as we make use of the expanded capabilities of the new PSD system. Your comments on the new Circular will be welcome and can be sent to gfd@usda.gov. We thank you in advance for your patience over the next few months.