ISSN:1554-9089 WASDE-466 January 12, 2009 WHEAT: Projected U.S. wheat ending stocks for 2008/09 are raised 32 million bushels this month with lower projected domestic use. Feed and residual use is projected 30 million bushels lower as December 1 stocks, reported in the January Grain Stocks, indicate lower-than-expected feed and residual use during September-November. Seed use is reduced 2 million bushels based on lower-than-expected winter wheat planted area as reported in Winter Wheat Seedings. The projected season-average farm price is narrowed 10 cents on both ends of the range to $6.50 to $6.90 per bushel. Small supply and use changes for wheat in 2007/08 and earlier years are made based on revisions in the Field Crops Final Estimates 2002-2007, released December 31, 2008. A 16- million-bushel reduction in 2007/08 production and an offsetting reduction in feed and residual use are the most significant changes. Global 2008/09 wheat production is projected at 682.9 million tons, down 1.1 million from last month. Lower production in Argentina and EU-27 more than offset an increase for Turkey. Production is lowered 1.0 million tons for Argentina as extended drought reduced yields. Production is lowered 0.4 million tons for EU-27 reflecting a downward revision in official government statistics by France. Production is raised 0.3 million tons for Turkey as drought impacts were less than expected in some areas and higher quality seed boosted yields in others. World wheat imports and exports for 2008/09 are both raised this month. Imports are increased 1.0 million tons for the EU-27 as member countries import low-priced, low-quality wheat from Ukraine. Imports are raised for Saudi Arabia based on recently announced tenders and for Turkey based on the pace of shipments to date. Imports are lowered 0.5 million tons for South Korea as increased use of alternative feeds, including distillers grains and cassava, reduce demand for feed quality wheat. Exports are raised 1.0 million tons for Russia as burdensome supplies of wheat make Russia the low-cost competitor in many markets. Exports are also raised for Mexico and Turkey. Partly offsetting is a 1.0-million-ton reduction for Argentina as lower production and restrictive government policies limit exports. World wheat consumption for 2008/09 is lowered this month. World wheat feeding is lowered 1.3 million tons on reduced feeding for the United States and South Korea. Global ending stocks are increased 1.0 million tons mostly reflecting the increase in U.S. ending stocks. Increases in projected ending stocks for EU-27, Saudi Arabia, and Turkey are mostly offset by reductions for Russia and Mexico. COARSE GRAINS: U.S. corn ending stocks for 2008/09 are projected 316 million bushels higher this month on higher estimated production and lower expected use. Corn production for 2008/09 is estimated 81 million bushels higher. Feed and residual use is reduced 50 million bushels reflecting lower animal numbers and September-November disappearance as indicated by December 1 stocks. Ethanol corn use is lowered 100 million bushels as sustained negative ethanol production margins since early December have reduced incentives for ethanol output. Recent increases in trading values for Renewable Identification Numbers (RINs) that can be used in lieu of ethanol to meet mandated levels also indicate reduced demand for ethanol. Projected food, seed, and industrial use is lowered an additional 35 million bushels on lower-than-expected use for sweeteners and starch during September-November. Exports are projected 50 million bushels lower based on the slow pace of sales and shipments to date. The projected season-average farm price for corn is lowered 10 cents on each end of the range to $3.55 to $4.25 per bushel. Sorghum ending stocks for 2008/09 are increased 27 million bushels on higher estimated production and lower expected feed and residual use. Projected sorghum feed and residual use is reduced 20 million bushels on lower-than-expected September- November disappearance as indicated by December 1 stocks. The sorghum season-average farm price range is lowered 10 cents on both ends of the range to $2.90 to $3.50 per bushel. The barley farm price is narrowed 10 cents on each end of the range to $4.95 to $5.35 per bushel. The oats price is raised 10 cents on each end of the range to $2.90 to $3.10 per bushel based on producer prices to date. Small supply and use changes for feed grains in 2007/08 and earlier years are made based on revisions in Field Crops Final Estimates 2002-2007. A 36-million-bushel reduction in 2007/08 corn production and an offsetting reduction in feed and residual use are the most significant changes. Global coarse grain supplies for 2008/09 are projected 5.5 million tons higher with global corn production raised 5.1 million tons. Increased corn production in China, the United States, Mexico, Russia, and EU-27 more than offset reductions for Brazil and Argentina. Corn production for China is raised 5.5 million tons on higher area and yields as indicated by available national and provincial government data. Mexico production is raised 1.0 million tons as favorable weather is reflected in the latest indications of yields. Production for Russia is raised 0.3 million tons on higher harvested area and higher yields consistent with late-season harvest results. EU-27 production is raised 0.3 million tons reflecting official government statistics by France. Brazil corn production is lowered 2 million tons as extended dryness and heat during December sharply reduced yield prospects for southern Brazil. Argentina production is lowered 1.5 million tons as continued drought and extended heat during December reduced prospects for harvested area and yields in eastern Argentina. World coarse grain imports and exports for 2008/09 are both lowered this month mostly on lower expected corn trade. Corn imports are lowered 1.0 million tons for Mexico with part of this reduction offset by a 0.3-million-ton increase in sorghum imports. Smaller reductions in imports are projected for a number of other countries where feeding is projected lower. Corn exports are lowered 1.5 million tons for Argentina and 0.8 million tons for India. Global corn consumption is lowered with lower expected feeding and food, seed, and industrial use, much of this reduction coming from changes to the U.S. balance sheet. Global corn ending stocks for 2008/09 are projected 12.2 million tons higher with the United States and China accounting for most of the increase. RICE: The U.S. 2008/09 rice crop is estimated at 203.7 million cwt, up slightly from the previous estimate as an increase in area more than offsets a reduction in yield. Average yield is estimated at 6,846 pounds per acre, down 113 pounds per acre from last month, and 373 pounds per acre below record 2007/08. Harvested area is estimated at 2.98 million acres, up 52,000 acres from the previous estimate. Combined medium- and short-grain production is increased 1.7 million cwt to 50.5 million and more than offsets a reduction of 1.5 million cwt for long-grain rice to 153.3 million. U.S. rice imports for 2008/09 are projected at 18.0 million cwt, down 4.5 million from last month with imports of combined medium- and short-grain rice reduced 2.5 million and long-grain imports down 2.0 million. The reduction in the import projection is due to a slower-than-expected pace of imports early in the marketing year from key suppliers including China, India, and Thailand, and the expectation that the pace will stay depressed the remainder of the marketing year. Domestic and residual use is raised 1 million cwt to 127 million based in part on food, industrial, and residual use implied by December 1 rice stocks. All rice exports are lowered 5 million cwt to 101 million, with long-grain down 6 million and combined medium- and short- grain up 1 million. Rough rice exports are lowered 1 million cwt to 38 million, while combined milled and brown exports (on a rough-equivalent basis) are lowered 4 million cwt to 63.0 million. All rice ending stocks are projected at 23.2 million cwt, slightly below last month, with the reduction all in long-grain. The all rice season-average farm price for 2008/09 is forecast at $16.50 to $17.50 per cwt, up $1.35 per cwt on both ends of the range. The long-grain season-average farm price range is projected at $15.50 to $16.50 per cwt, up $1.00 per cwt on each end of the range. The combined medium- and short-grain farm price range is projected at $21.50 to $22.50 per cwt, up $3.50 per cwt on each end. Although global rice prices have trended downward since the beginning of the marketing year, they are declining at a slower rate than expected and recently Thailand's nominal export quotes have risen. Government policies in Thailand (intervention program) combined with continued export bans by India and Egypt have supported global prices. Additionally, monthly farm prices reported by the National Agricultural Statistics Service (NASS) through December (preliminary) indicate that the season-average price will be higher than projected a month ago, particularly for combined medium- and short-grain rice. Global 2008/09 rice production, consumption, and ending stocks are raised slightly from a month ago, while trade is little changed. The increase in global rice production is due primarily to a larger 2008/09 rice crop in China, which is up 4.2 million tons to 135.1 million, and the largest crop since 1999/00. The increase in China's crop is due to an increase in both area harvested and yield and is based in part on national and provincial government information. Global ending stocks are projected at 82.7 million tons, up 1.8 million from last month, up 4.0 million from 2007/08, and the largest stocks since 2002/03. OILSEEDS: U.S. oilseed production for 2008/09 is estimated at 89.1 million tons, up 0.9 million tons from last month. Increases for soybeans and peanuts are only partly offset by decreases for cottonseed, canola, and sunflowerseed. Soybean production is estimated at 2.959 billion bushels, up 39 million bushels from last month based on both higher yields and harvested area. The soybean yield is estimated at 39.6 bushels per acre. Soybean exports are raised 50 million bushels to 1.1 billion due to strong sales and shipments to China. Projected soybean crush is reduced 30 million bushels to 1.685 billion bushels reflecting sharply reduced domestic soybean meal consumption. Soybean ending stocks are projected at 225 million bushels, up 20 million. Lower soybean oil production is more than offset by reduced domestic consumption and exports, leaving projected soybean oil stocks at 2.1 billion pounds, up 110 million from last month. The U.S. season-average soybean price range for 2008/09 is projected at $8.50 to $9.50 per bushel compared with $8.25 to $9.75 per bushel last month. Soybean oil prices are forecast at 32 to 35 cents per pound, up 1 cent on the bottom of the range. Soybean meal prices are projected at $250 to $310 per short ton, up $10 on both ends of the range. Global oilseed production for 2008/09 is projected at 416.3 million tons, down 2 million from last month. Foreign production is projected at 327.2 million tons, down 2.9 million. Global soybean production accounts for most of the change, projected at 233.2 million tons, down 1.5 million. Argentina's soybean crop is projected at 49.5 million tons, down 1 million. The reduction is mainly due to lower projected area reflecting the impact of dry weather on soybean planting. Soybean production for Paraguay is reduced 0.9 million tons to 5.6 million tons as unusually dry, hot weather has reduced yield potential throughout much of the country. Dry conditions also have resulted in reduced soybean production for Bolivia and Uruguay, and reduced sunflowerseed production for Argentina. Other changes include lower cottonseed production estimates for India and increased sunflowerseed production for EU-27 and Russia. The Russia crop is projected record high at 7.4 million tons, up 0.4 million from last month. SUGAR: Projected 2008/09 U.S. sugar supply is increased 111,000 short tons, raw value, from last month, due to higher production more than offsetting revised lower beginning stocks. Cane sugar production is raised 119,000 tons based on increased production of sugarcane. Beet sugar production is unchanged and consistent with processors' projections. Sugar use is unchanged. LIVESTOCK, POULTRY, AND DAIRY: Total U.S. meat production forecasts for 2008 and 2009 are reduced from last month. Estimates for 2008 reflect lower reported production during the last part of fourth-quarter 2008. The production forecasts for 2009 reflect lower pork and broiler production. Sows farrowing and broiler hatchery data point toward lower numbers of hogs and broilers available for slaughter. Current slaughter data indicates that animal weights are lagging last year, and these lower weights are expected to continue through the early part of 2009 as producers adjust to earlier poor returns. Beef production forecasts for 2009 are unchanged. USDA's Cattle report, to be released January 30, will provide an indication of cattle supplies outside feedlots and breeding herd retention plans. Turkey production forecasts are unchanged. Egg production forecasts are reduced on lower hatching egg output; table eggs are unchanged. Beef exports are raised slightly for 2008, but are unchanged for 2009. Export forecasts for other meats are unchanged from last month. Beef import forecasts are raised for 2008 and 2009, based on stronger imports from Oceania and South America. Livestock and poultry price estimates for 2008 are adjusted based on year-end data. Price forecasts for 2009 cattle and hogs are lowered. Weak demand is expected to offset smaller expected red meat supplies. Broiler price forecasts are raised on lower production forecasts. Turkey and egg prices are reduced reflecting expected weaker demand. Milk production forecasts for 2008 are lowered from last month. Based on monthly milk production data through November, higher expected cow numbers are more than offset by lower expected milk per cow. Production forecasts for 2009 are reduced from last month as poor returns are expected to manifest themselves in a more rapid decline in cow numbers and slower growth in milk per cow. Commercial export forecasts for 2008 and 2009 are unchanged from last month. Exports for 2009 remain below last year as global demand reflects economic weakness. Ending stocks for both 2008 and 2009 are expected to be above levels forecast last month as weak demand is expected to slow domestic use. Sales of nonfat dry milk (NDM) to CCC during 2009 are forecast higher and small sales of cheese and butter to CCC are now forecast for the year. Milk and dairy product prices for 2008 are adjusted from last month reflecting December data. Class III and Class IV prices for 2009 are reduced from last month as product price forecasts are lowered. Economic uncertainties have reduced demand for dairy products and prices have declined sharply for cheese, with lesser declines in butter, NDM, and whey. Price forecasts for cheese and butter in 2009 are reduced, with the sharpest declines in the first half of the year as supplies of these products are large. However, the reduction is less later in the year as lower forecast milk production results in declines in stocks of fat- based products. Although forecast weaker than last month, tightening supplies of NDM later in the year are expected to help support NDM prices. The all milk price is also forecast lower, $11.80 to $12.60 per cwt in 2009. COTTON: This month's U.S. cotton 2008/09 supply and demand estimates include lower production, domestic mill use, and exports, resulting in ending stocks of 6.9 million bales, slightly below last month's estimate. Production is lowered 577,000 bales, due mainly to a reduction in Texas. Domestic mill use is reduced 100,000 bales to 4.2 million, reflecting lower activity in November. The export forecast also is reduced 250,000 bales to 12.0 million due to lower world import demand. The forecast marketing year average price received by producers of 44 to 52 cents per pound is raised 1 cent on the upper end and 3 cents on the lower end of the range, as market prices have improved during the past month. The world cotton estimates for 2008/09 show lower production, consumption, and trade compared with last month. Beginning stocks are raised nearly 1.0 million bales due to prior-year adjustments in China, India, and Turkey. Production is reduced 1.7 million bales, mainly in India, the United States, and Argentina. Consumption is lowered in China, India, Pakistan, and the United States, reflecting a continued slowdown in global textile demand, but is raised in Thailand. World imports are reduced sharply, due mainly to lower consumption and imports by China. Exports are lowered in several countries, notably India, which accounts for over half of the reduction in world exports. India's adoption of a minimum support price has resulted in sharply lower export commitments compared with last season. World ending stocks are raised 1 percent from last month's level. 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: CHARLES F. CONNER ACTING SECRETARY OF AGRICULTURE INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board's analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail: jnorton@oce.usda.gov Gary Vocke, ERS; Teresa McKeivier, FAS; Tom Tice, 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 2009, the WASDE report will be released on Feb. 10, Mar. 11, Apr. 9, May 12, Jun. 10, Jul. 10, Aug. 12, Sep. 11, Oct. 9, Nov. 10, and Dec. 10. 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-466-8 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 : 2,005.30 2,393.91 259.96 2,052.85 341.06 2007/08 (Est.) : 2,119.08 2,460.14 269.59 2,105.91 354.22 2008/09 (Proj.) : December : 2,215.97 2,569.64 261.38 2,175.89 393.75 January : 2,224.36 2,578.58 258.46 2,169.12 409.46 Wheat : 2006/07 : 596.10 743.74 111.20 616.73 127.01 2007/08 (Est.) : 610.19 737.20 115.38 617.83 119.37 2008/09 (Proj.) : December : 683.98 803.34 123.38 655.99 147.35 January : 682.86 802.24 123.88 653.87 148.36 Coarse grains 4/ : 2006/07 : 988.57 1,153.86 117.41 1,015.20 138.66 2007/08 (Est.) : 1,077.58 1,216.24 123.80 1,060.07 156.16 2008/09 (Proj.) : December : 1,097.41 1,253.12 108.12 1,087.58 165.55 January : 1,102.41 1,258.58 104.82 1,080.13 178.44 Rice, milled : 2006/07 : 420.63 496.31 31.35 420.92 75.39 2007/08 (Est.) : 431.31 506.70 30.42 428.01 78.69 2008/09 (Proj.) : December : 434.59 513.18 29.88 432.33 80.85 January : 439.08 517.77 29.77 435.11 82.66 : : United States Total grains 3/ : 2006/07 : 335.48 413.69 85.99 277.84 49.85 2007/08 (Est.) : 412.02 469.20 107.73 307.15 54.32 2008/09 (Proj.) : December : 398.37 459.51 80.11 319.84 59.56 January : 400.63 461.63 78.69 313.79 69.15 Wheat : 2006/07 : 49.22 68.08 24.73 30.94 12.41 2007/08 (Est.) : 55.82 71.30 34.40 28.57 8.32 2008/09 (Proj.) : December : 68.03 79.34 27.22 35.16 16.97 January : 68.03 79.34 27.22 34.29 17.84 Coarse grains 4/ : 2006/07 : 280.00 337.32 58.34 242.80 36.17 2007/08 (Est.) : 349.86 389.54 69.88 274.60 45.06 2008/09 (Proj.) : December : 323.84 372.01 49.51 280.65 41.85 January : 326.09 374.25 48.24 275.44 50.57 Rice, milled : 2006/07 : 6.27 8.29 2.92 4.10 1.27 2007/08 (Est.) : 6.34 8.37 3.45 3.97 0.94 2008/09 (Proj.) : December : 6.51 8.16 3.39 4.02 0.75 January : 6.52 8.03 3.23 4.06 0.74 =============================================================================== 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-466-9 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 : 1,669.82 1,980.22 173.97 1,775.01 291.20 2007/08 (Est.) : 1,707.05 1,990.93 161.86 1,798.76 299.90 2008/09 (Proj.) : December : 1,817.60 2,110.12 181.27 1,856.05 334.18 January : 1,823.73 2,116.95 179.77 1,855.33 340.31 Wheat : 2006/07 : 546.88 675.66 86.48 585.79 114.60 2007/08 (Est.) : 554.37 665.90 80.97 589.25 111.05 2008/09 (Proj.) : December : 615.95 723.99 96.17 620.82 130.38 January : 614.84 722.89 96.67 619.58 130.53 Coarse grains 5/ : 2006/07 : 708.57 816.54 59.07 772.40 102.48 2007/08 (Est.) : 727.72 826.70 53.92 785.47 111.11 2008/09 (Proj.) : December : 773.56 881.12 58.62 806.93 123.70 January : 776.32 884.32 56.58 804.70 127.87 Rice, milled : 2006/07 : 414.37 488.02 28.42 416.82 74.12 2007/08 (Est.) : 424.97 498.33 26.97 424.04 77.74 2008/09 (Proj.) : December : 428.08 505.01 26.49 428.30 80.10 January : 432.57 509.74 26.54 431.05 81.92 =============================================================================== 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 : 121.99 184.20 37.10 123.45 62.81 2007/08 (Est.) : 120.54 183.34 38.44 122.69 62.31 2008/09 (Proj.) : December : 111.56 172.91 32.80 116.59 58.77 January : 109.84 172.15 31.07 115.24 59.40 : United States 2006/07 : 21.59 27.68 13.01 4.94 9.48 2007/08 (Est.) : 19.21 28.70 13.65 4.61 10.04 2008/09 (Proj.) : December : 13.61 23.67 12.25 4.30 7.10 January : 13.04 23.09 12.00 4.20 6.90 : Foreign 3/ 2006/07 : 100.40 156.53 24.09 118.51 53.33 2007/08 (Est.) : 101.33 154.65 24.79 118.08 52.27 2008/09 (Proj.) : December : 97.94 149.24 20.55 112.29 51.67 January : 96.80 149.06 19.07 111.04 52.50 =============================================================================== 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-466-10 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 : 404.47 469.19 83.60 328.98 72.73 2007/08 (Est.) : 391.34 464.07 92.56 338.33 61.51 2008/09 (Proj.) : December : 418.27 479.77 92.50 348.02 65.41 January : 416.30 477.81 92.53 345.56 65.39 Oilmeals : 2006/07 : 224.66 232.58 68.35 223.13 7.72 2007/08 (Est.) : 230.89 238.61 71.43 229.75 7.37 2008/09 (Proj.) : December : 236.17 243.55 72.37 234.98 7.30 January : 234.78 242.15 72.01 234.16 7.07 Vegetable Oils : 2006/07 : 121.39 131.98 48.53 121.14 9.92 2007/08 (Est.) : 127.96 137.88 52.11 125.24 9.75 2008/09 (Proj.) : December : 133.86 143.62 53.40 130.90 10.64 January : 133.49 143.24 53.17 130.66 10.67 : : United States Oilseeds : 2006/07 : 96.84 112.08 31.65 53.48 17.02 2007/08 (Est.) : 82.45 100.74 33.11 53.43 6.91 2008/09 (Proj.) : December : 88.19 96.21 29.80 51.00 7.03 January : 89.10 97.23 31.12 50.04 7.70 Oilmeals : 2006/07 : 41.52 43.58 8.26 34.93 0.39 2007/08 (Est.) : 40.84 43.22 8.76 34.12 0.33 2008/09 (Proj.) : December : 39.44 41.93 7.95 33.64 0.33 January : 38.58 41.07 7.95 32.79 0.33 Vegetable Oils : 2006/07 : 10.41 14.76 1.33 11.67 1.75 2007/08 (Est.) : 10.51 15.37 1.68 12.21 1.49 2008/09 (Proj.) : December : 10.03 14.87 1.21 12.41 1.25 January : 9.88 14.73 1.09 12.34 1.30 : : Foreign 3/ Oilseeds : 2006/07 : 307.62 357.11 51.95 275.50 55.71 2007/08 (Est.) : 308.88 363.33 59.44 284.91 54.60 2008/09 (Proj.) : December : 330.07 383.56 62.70 297.03 58.38 January : 327.20 380.58 61.41 295.53 57.69 Oilmeals : 2006/07 : 183.14 189.00 60.08 188.20 7.33 2007/08 (Est.) : 190.05 195.40 62.67 195.62 7.04 2008/09 (Proj.) : December : 196.73 201.62 64.42 201.34 6.97 January : 196.20 201.08 64.05 201.37 6.74 Vegetable Oils : 2006/07 : 110.97 117.22 47.20 109.47 8.17 2007/08 (Est.) : 117.45 122.51 50.44 113.04 8.26 2008/09 (Proj.) : December : 123.83 128.74 52.19 118.49 9.39 January : 123.60 128.51 52.08 118.32 9.37 =============================================================================== 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-466-11 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : December January =============================================================================== Area : Million acres Planted : 57.3 60.5 63.0 63.1 Harvested : 46.8 51.0 55.7 55.7 Yield per harvested : Bushels acre : 38.6 40.2 44.9 44.9 : Million bushels Beginning stocks : 571 456 306 306 Production : 1,808 2,051 2,500 2,500 Imports : 122 113 110 110 Supply, total : 2,501 2,620 2,915 2,915 Food : 938 947 950 950 Seed : 82 88 82 80 Feed and residual : 117 15 260 230 Domestic, total : 1,137 1,050 1,292 1,260 Exports : 908 1,264 1,000 1,000 Use, total : 2,045 2,314 2,292 2,260 Ending stocks : 456 306 623 655 CCC inventory : 41 0 0 0 Free stocks : 415 306 623 655 Outstanding loans : 14 1 10 10 Avg. farm price ($/bu) 2/ : 4.26 6.48 6.40- 7.00 6.50- 6.90 =============================================================================== 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 21 456 Production : 956 450 352 221 72 2,051 Supply, total 3/ : 1,121 615 475 275 134 2,620 Domestic use : 446 242 211 68 84 1,050 Exports : 538 305 209 170 42 1,264 Use, total : 984 547 420 238 126 2,314 Ending stocks, total : 138 68 55 37 8 306 : 2008/09 (projected) : Beginning stocks : 138 68 55 37 8 306 Production : 1,035 512 614 254 85 2,500 Supply, total 3/ : 1,174 620 694 300 128 2,915 Domestic use : 466 250 351 106 87 1,260 Exports : 460 210 190 120 20 1,000 Use, total : 926 460 541 226 107 2,260 Ending stocks, total : January : 248 160 153 74 21 655 December : 205 160 153 84 21 623 =============================================================================== 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-466-12 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : December January =============================================================================== FEED GRAINS : Area : Million acres Planted : 92.5 109.0 101.7 101.7 Harvested : 80.1 98.3 90.7 91.1 Yield per harvested : Metric tons acre : 3.49 3.56 3.57 3.58 : Million metric tons Beginning stocks : 54.7 36.2 45.1 45.1 Production : 279.8 349.7 323.6 325.9 Imports : 2.4 3.3 2.9 2.9 Supply, total : 337.0 389.2 371.6 373.9 Feed and residual : 148.1 157.8 146.0 144.3 Food, seed & industrial : 94.4 116.5 134.2 130.8 Domestic, total : 242.5 274.3 280.3 275.1 Exports : 58.3 69.9 49.5 48.2 Use, total : 300.8 344.1 329.8 323.3 Ending stocks, total : 36.2 45.1 41.8 50.6 CCC inventory : 0.0 0.0 0.0 0.0 Free stocks : 36.2 45.1 41.8 50.6 Outstanding loans : 3.0 2.7 5.1 5.1 : CORN : Area : Million acres Planted : 78.3 93.5 85.9 86.0 Harvested : 70.6 86.5 78.2 78.6 Yield per harvested : Bushels acre : 149.1 150.7 153.8 153.9 : Million bushels Beginning stocks : 1,967 1,304 1,624 1,624 Production : 10,531 13,038 12,020 12,101 Imports : 12 20 15 15 Supply, total : 12,510 14,362 13,659 13,740 Feed and residual : 5,591 5,938 5,350 5,300 Food, seed & industrial : 3,490 4,363 5,035 4,900 Ethanol for fuel 2/ : 2,119 3,026 3,700 3,600 Domestic, total : 9,081 10,302 10,385 10,200 Exports : 2,125 2,436 1,800 1,750 Use, total : 11,207 12,737 12,185 11,950 Ending stocks, total : 1,304 1,624 1,474 1,790 CCC inventory : 0 0 0 0 Free stocks : 1,304 1,624 1,474 1,790 Outstanding loans : 116 106 200 200 Avg. farm price ($/bu) 3/ : 3.04 4.20 3.65- 4.35 3.55- 4.25 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further breakout of FSI corn uses including ethanol, see the ERS Feed Outlook table 5, or Feed Grains Database at "www.ers.usda.gov/db/feedgrains." 3/ Marketing-year weighted average price received by farmers. WASDE-466-13 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : December January =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 6.5 7.7 8.3 8.3 Area harv. (mil. acres) : 4.9 6.8 7.4 7.3 Yield (bushels/acre) : 56.1 73.2 63.0 65.0 Beginning stocks : 66 32 53 53 Production : 277 497 465 472 Imports : 0 0 0 0 Supply, total : 343 530 518 525 Feed and residual : 113 164 250 230 Food, seed & industrial : 45 35 70 70 Total domestic : 158 199 320 300 Exports : 153 278 130 130 Use, total : 311 477 450 430 Ending stocks, total : 32 53 68 95 Avg. farm price ($/bu) 2/ : 3.29 4.08 3.00- 3.60 2.90- 3.50 : BARLEY : Area planted (mil. acres) : 3.5 4.0 4.2 4.2 Area harv. (mil. acres) : 3.0 3.5 3.8 3.8 Yield (bushels/acre) : 61.1 60.0 63.6 63.6 Beginning stocks : 108 69 68 68 Production : 180 210 239 239 Imports : 12 32 30 30 Supply, total : 300 311 338 338 Feed and residual : 49 32 80 80 Food, seed & industrial : 162 169 160 160 Total domestic : 211 201 240 240 Exports : 20 41 20 20 Use, total : 231 242 260 260 Ending stocks, total : 69 68 78 78 Avg. farm price ($/bu) 2/ : 2.85 4.02 4.85- 5.45 4.95- 5.35 : OATS : Area planted (mil. acres) : 4.2 3.8 3.2 3.2 Area harv. (mil. acres) : 1.6 1.5 1.4 1.4 Yield (bushels/acre) : 59.8 60.1 63.5 63.5 Beginning stocks : 53 51 67 67 Production : 94 90 89 89 Imports : 106 123 110 110 Supply, total : 252 264 265 265 Feed and residual : 125 120 120 120 Food, seed & industrial : 74 74 75 75 Total domestic : 199 195 195 195 Exports : 3 3 3 3 Use, total : 202 198 198 198 Ending stocks, total : 51 67 67 67 Avg. farm price ($/bu) 2/ : 1.87 2.63 2.80- 3.00 2.90- 3.10 =============================================================================== 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-466-14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : December January =============================================================================== TOTAL : Area : Million acres Planted : 2.84 2.76 2.94 3.00 Harvested : 2.82 2.75 2.92 2.98 Yield per harvested : Pounds acre : 6,898 7,219 6,959 6,846 : : Million hundredweight Beginning stocks 2/ : 43.0 39.3 29.4 29.4 Production : 194.6 198.4 203.5 203.7 Imports : 20.6 23.9 22.5 18.0 Supply, total : 258.2 261.6 255.4 251.2 Domestic & residual 3/ : 128.1 124.2 126.0 127.0 Exports, total 4/ : 90.8 107.9 106.0 101.0 Rough : 32.1 40.2 39.0 38.0 Milled (rough equiv.) : 58.7 67.8 67.0 63.0 Use, total : 218.8 232.1 232.0 228.0 Ending stocks : 39.3 29.4 23.4 23.2 Avg. milling yield (%) 5/ : 71.0 70.5 70.5 70.5 Avg. farm price ($/cwt) 6/ : 9.96 12.80 15.15-16.15 16.50-17.50 : LONG GRAIN : Harvested acres (mil.) : 2.19 2.05 2.35 Yield (pounds/acre) : 6,727 6,980 6,522 Beginning stocks : 32.7 28.5 19.0 19.0 Production : 147.1 143.2 154.7 153.3 Supply, total 7/ : 194.0 189.4 190.8 187.3 Domestic & Residual 3/ : 93.4 88.5 92.0 95.0 Exports 8/ : 72.0 81.9 83.0 77.0 Use, total : 165.4 170.4 175.0 172.0 Ending stocks : 28.5 19.0 15.8 15.3 Avg. farm price ($/cwt) 6/ : 9.47 12.50 14.50-15.50 15.50-16.50 : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.64 0.70 0.63 Yield (pounds/acre) : 7,484 7,921 8,063 Beginning stocks : 9.4 10.0 9.1 9.1 Production : 47.5 55.1 48.7 50.5 Supply, total 7/ : 63.4 70.8 63.3 62.6 Domestic & Residual 3/ : 34.6 35.7 34.0 32.0 Exports 8/ : 18.8 26.1 23.0 24.0 Use, total : 53.4 61.7 57.0 56.0 Ending stocks : 10.0 9.1 6.3 6.6 Avg. farm price ($/cwt) 6/ : 12.10 13.80 18.00-19.00 21.50-22.50 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2006/07-0.9; 2007/08-0.8; 2008/09-1.3. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. WASDE-466-15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :=============================== : : Est. : December January =============================================================================== SOYBEANS: : Million acres Area : Planted : 75.5 64.7 75.9 75.7 Harvested : 74.6 64.1 74.4 74.6 : : Bushels Yield per harvested : acre : 42.9 41.7 39.3 39.6 : : Million bushels : Beginning stocks : 449 574 205 205 Production : 3,197 2,677 2,921 2,959 Imports : 9 10 7 9 Supply, total : 3,655 3,261 3,133 3,173 Crushings : 1,808 1,801 1,715 1,685 Exports : 1,116 1,161 1,050 1,100 Seed : 80 93 90 90 Residual : 77 0 72 73 Use, total : 3,081 3,056 2,927 2,948 Ending stocks : 574 205 205 225 Avg. farm price ($/bu) 2/ : 6.43 10.10 8.25- 9.75 8.50 - 9.50 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 3,010 3,085 2,483 2,483 Production : 20,489 20,568 19,550 19,210 Imports : 37 65 50 50 Supply, total : 23,536 23,718 22,083 21,743 Domestic : 18,575 18,327 18,000 17,850 For methyl ester : 2,762 2,981 3,100 3,100 Exports : 1,877 2,908 2,050 1,750 Use, total : 20,451 21,235 20,050 19,600 Ending stocks : 3,085 2,483 2,033 2,143 Average price (c/lb) 2/ : 31.02 52.03 31.00- 32.00- : 35.00 35.00 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 314 346 294 294 Production : 43,054 42,242 40,741 39,841 Imports : 156 141 165 165 Supply, total : 43,524 42,729 41,200 40,300 Domestic : 34,374 33,155 32,500 31,600 Exports : 8,804 9,280 8,400 8,400 Use, total : 43,178 42,435 40,900 40,000 Ending stocks : 346 294 300 300 Average price ($/s.t.) 2/ : 205.44 335.94 240.00- 250.00- : 300.00 310.00 =============================================================================== Note: Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and meal. 2/ Prices: Soybeans, marketing year weighted average price received by farmers; for Oil, simple average of crude soybean oil, Decatur; for Meal, simple average of 48 percent, Decatur. WASDE-466-16 U.S. Sugar Supply and Use 1/ ====================================================================== : : : 2008/09 Projection Item : 2006/07 : 2007/08 :====================== : : Est. : December January ====================================================================== : 1,000 short tons, raw value : Beginning stocks : 1,698 1,799 1,664 1,656 Production : 8,446 8,150 7,681 7,800 Beet sugar : 5,008 4,721 4,225 4,225 Cane sugar : 3,438 3,429 3,456 3,575 Florida : 1,719 1,643 1,747 1,766 Hawaii : 222 182 225 225 Louisiana : 1,320 1,446 1,300 1,400 Texas : 177 158 184 184 Imports : 2,080 2,620 2,496 2,496 TRQ 2/ : 1,624 1,354 1,511 1,511 Other program 3/ : 390 565 345 345 Other 4/ : 66 701 640 640 Mexico : 60 694 630 630 Total supply : 12,224 12,569 11,841 11,952 : Exports : 422 203 170 170 Deliveries : 10,135 10,773 10,710 10,710 Food : 9,913 10,571 10,500 10,500 Other 5/ : 222 202 210 210 Miscellaneous 6/ : -132 -63 0 0 Total use : 10,425 10,913 10,880 10,880 Ending stocks : 1,799 1,656 961 1,072 : Stocks to use ratio : 17.3 15.2 8.8 9.9 ====================================================================== 1/ Fiscal years beginning Oct 1. Historical data are from "Sweetener Market Data" (SMD) except imports (U.S. Customs Service, Census Bureau). 2/ For 2008/09, includes tariff rate quota shortfall of 130,000 tons. 3/ Includes sugar under the re-export and polyhydric alcohol programs. 4/ Does not include Mexico TRQ imports. For 2006/07, other high-tier (0) and other (6). For 2007/08, other high-tier (7) and other (0). For 2008/09, other high-tier (10) and other (0). 5/ Transfers to sugar-containing products for reexport, and for nonedible alcohol and feed. 6/ 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. Dec 1,718 5,852 226 5,731 677 1,388 Jan 1,718 5,852 226 5,731 677 1,388 2008/09 proj. Dec 1,388 5,850 150 5,780 575 1,033` Jan 1,388 5,850 150 5,780 575 1,033 ========================================================================== 1/ U.S. HFCS exports to Mexico (metric tons, dry-weight basis): Oct-Sep 2007/08 = 427,705; October 2007 = 25,907; October 2008 = 35,392. Footnote source: U.S. Census Bureau. WASDE-466-17 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :=============================== : : Est. : December January =============================================================================== : Million acres Area : Planted : 15.27 10.83 9.41 9.47 Harvested : 12.73 10.49 7.76 7.73 : : Pounds Yield per harvested : acre : 814 879 843 810 : : Million 480 pound bales : Beginning stocks 2/ : 6.07 9.48 10.04 10.04 Production : 21.59 19.21 13.61 13.04 Imports : 0.02 0.01 0.01 0.01 Supply, total : 27.68 28.70 23.67 23.09 Domestic use : 4.94 4.61 4.30 4.20 Exports : 13.01 13.65 12.25 12.00 Use, total : 17.95 18.26 16.55 16.20 Unaccounted 3/ : 0.25 0.39 0.02 -0.01 Ending stocks : 9.48 10.04 7.10 6.90 : Avg. farm price 4/ : 46.5 59.3 41.0-51.0 44.0-52.0 =============================================================================== 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-466-18 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/ : 147.64 596.10 113.60 106.16 616.73 111.20 127.01 United States : 15.55 49.22 3.32 3.19 30.94 24.73 12.41 Total foreign : 132.09 546.88 110.28 102.98 585.79 86.48 114.60 Major exporters 4/ : 43.21 176.16 5.56 69.82 146.85 52.54 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 4.84 9.05 19.43 6.80 EU-27 5/ : 23.39 124.87 5.14 60.20 125.50 13.87 14.03 Major importers 6/ : 59.73 174.73 54.89 7.70 220.68 5.68 62.99 Brazil : 1.18 2.23 7.62 0.20 10.40 0.00 0.63 China : 34.39 108.47 0.38 4.00 102.00 2.78 38.45 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 : 3.25 21.28 0.07 0.40 21.90 0.70 1.99 Southeast Asia 9/ : 2.20 0.00 10.65 0.90 9.98 0.42 2.46 Selected other : India : 2.00 69.35 6.72 0.30 73.36 0.20 4.50 FSU-12 : 13.00 84.98 5.96 21.65 72.53 22.54 8.86 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 8.09 0.95 Ukraine : 2.41 14.00 0.08 2.10 11.70 3.37 1.43 : : 2007/08 (Estimated) : World 3/ : 127.01 610.19 112.42 94.53 617.83 115.38 119.37 United States : 12.41 55.82 3.07 0.41 28.57 34.40 8.32 Total foreign : 114.60 554.37 109.35 94.12 589.25 80.97 111.05 Major exporters 4/ : 25.54 168.83 7.44 58.10 135.68 46.35 19.78 Argentina : 0.31 16.30 0.00 0.08 5.43 10.50 0.68 Australia : 4.41 13.04 0.11 3.50 6.20 7.50 3.85 Canada : 6.80 20.05 0.39 2.08 6.31 16.12 4.82 EU-27 5/ : 14.03 119.44 6.93 52.44 117.74 12.23 10.44 Major importers 6/ : 62.99 175.04 58.14 8.92 223.33 8.81 64.04 Brazil : 0.63 3.83 7.00 0.20 10.40 0.77 0.29 China : 38.45 109.30 0.05 6.00 104.00 2.84 40.96 Select. Mideast 7/ : 6.58 20.29 9.23 1.00 29.25 0.55 6.30 N. Africa 8/ : 11.23 13.82 21.67 0.20 35.47 0.28 10.97 Pakistan : 1.99 23.30 1.49 0.40 22.40 2.20 2.18 Southeast Asia 9/ : 2.46 0.00 9.86 0.72 10.13 0.57 1.61 Selected other : India : 4.50 75.81 1.88 0.20 75.73 0.05 6.41 FSU-12 : 8.86 92.69 5.89 23.63 75.56 21.88 10.00 Russia : 2.38 49.40 0.34 15.05 37.70 12.22 2.20 Kazakhstan : 0.95 16.60 0.04 2.70 7.50 8.18 1.91 Ukraine : 1.43 13.90 0.33 3.10 12.90 1.24 1.53 =============================================================================== 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-466-19 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/ : December : 119.36 683.98 121.70 124.40 655.99 123.38 147.35 January : 119.37 682.86 122.95 123.08 653.87 123.88 148.36 United States : December : 8.32 68.03 2.99 7.08 35.16 27.22 16.97 January : 8.32 68.03 2.99 6.26 34.29 27.22 17.84 Total foreign : December : 111.03 615.95 118.71 117.32 620.82 96.17 130.38 January : 111.05 614.84 119.96 116.82 619.58 96.67 130.53 Major exporters 4/ : December : 19.77 210.01 5.38 71.03 151.23 56.30 27.63 January : 19.78 208.62 6.38 71.03 151.23 55.30 28.26 Argentina Dec : 0.68 10.50 0.01 0.08 5.48 5.30 0.40 Jan : 0.68 9.50 0.01 0.08 5.48 4.30 0.40 Australia Dec : 3.85 20.00 0.08 3.75 6.45 13.00 4.48 Jan : 3.85 20.00 0.08 3.75 6.45 13.00 4.48 Canada Dec : 4.82 28.61 0.30 3.20 7.80 19.00 6.93 Jan : 4.82 28.61 0.30 3.20 7.80 19.00 6.93 EU-27 5/ Dec : 10.42 150.90 5.00 64.00 131.50 19.00 15.82 Jan : 10.44 150.51 6.00 64.00 131.50 19.00 16.45 Major importers 6/ : December : 64.04 174.71 65.13 12.65 229.23 8.03 66.64 January : 64.04 174.71 65.53 12.65 229.23 8.23 66.84 Brazil Dec : 0.29 5.80 7.00 0.40 10.75 1.20 1.14 Jan : 0.29 5.80 7.00 0.40 10.75 1.20 1.14 China Dec : 40.96 113.00 0.03 9.00 107.00 2.00 44.99 Jan : 40.96 113.00 0.03 9.00 107.00 2.00 44.99 Sel. Mideast 7/Dec : 6.30 13.91 15.45 1.55 30.50 0.55 4.60 Jan : 6.30 13.91 15.85 1.55 30.50 0.55 5.00 N. Africa 8/ Dec : 10.97 15.78 20.20 0.20 35.93 0.23 10.80 Jan : 10.97 15.78 20.20 0.20 35.93 0.23 10.80 Pakistan Dec : 2.18 21.50 2.50 0.40 22.60 2.40 1.18 Jan : 2.18 21.50 2.50 0.40 22.60 2.40 1.18 SE Asia 9/ Dec : 1.61 0.00 10.85 0.85 10.35 0.38 1.74 Jan : 1.61 0.00 10.85 0.85 10.35 0.38 1.74 Selected other : India Dec : 6.41 78.40 0.00 0.10 77.60 0.05 7.16 Jan : 6.41 78.40 0.00 0.10 77.60 0.05 7.16 FSU-12 Dec : 10.00 114.74 5.81 29.33 83.33 28.64 18.58 Jan : 10.00 114.74 5.81 29.33 83.33 29.64 17.58 Russia Dec : 2.20 63.00 0.40 19.50 43.50 14.00 8.10 Jan : 2.20 63.00 0.40 19.50 43.50 15.00 7.10 Kazakhstan Dec : 1.91 12.50 0.03 2.70 7.50 5.20 1.74 Jan : 1.91 12.50 0.03 2.70 7.50 5.20 1.74 Ukraine Dec : 1.53 25.50 0.10 4.00 14.00 9.00 4.13 Jan : 1.53 25.50 0.10 4.00 14.00 9.00 4.13 =============================================================================== 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-466-20 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/ : 165.29 988.57 113.29 634.87 1015.20 117.41 138.66 United States : 54.77 280.00 2.55 148.16 242.80 58.34 36.17 Total foreign : 110.52 708.57 110.74 486.71 772.40 59.07 102.48 Major exporters 4/ : 13.12 65.03 3.39 35.82 49.41 23.09 9.03 Argentina : 1.46 27.54 0.01 7.16 9.82 16.93 2.26 Australia : 2.90 6.58 0.02 4.74 5.99 2.02 1.51 Canada : 6.30 23.15 2.17 19.47 24.47 3.65 3.49 Major importers 5/ : 42.51 212.11 84.93 223.85 298.70 5.68 35.17 EU-27 6/ : 22.27 137.44 7.99 110.23 147.87 4.69 15.13 Japan : 1.74 0.18 19.67 14.88 19.82 0.00 1.76 Mexico : 3.34 29.14 11.06 23.40 39.92 0.22 3.40 N. Afr & Mideast 7/: 8.11 27.77 20.77 40.58 47.86 0.31 8.49 Saudi Arabia : 2.77 0.34 8.28 8.53 8.75 0.00 2.63 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 1.66 36.25 43.30 10.95 3.75 China : 35.96 159.10 1.16 105.22 153.61 5.46 37.13 FSU-12 : 5.55 58.70 0.95 35.49 51.45 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/ : 138.66 1077.58 124.46 654.23 1060.07 123.80 156.16 United States : 36.17 349.86 3.50 157.89 274.60 69.88 45.06 Total foreign : 102.48 727.72 120.96 496.34 785.47 53.92 111.11 Major exporters 4/ : 9.03 77.59 3.62 36.49 51.24 29.72 9.27 Argentina : 2.26 25.79 0.05 7.57 10.23 17.01 0.87 Australia : 1.51 10.28 0.00 5.42 6.73 4.19 0.87 Canada : 3.49 27.82 3.25 18.46 24.02 6.51 4.04 Major importers 5/ : 35.17 211.04 96.06 229.98 304.12 5.39 32.76 EU-27 6/ : 15.13 136.52 20.28 117.30 154.20 4.69 13.04 Japan : 1.76 0.20 19.21 14.31 19.34 0.00 1.83 Mexico : 3.40 29.73 10.97 23.56 40.34 0.11 3.65 N. Afr & Mideast 7/: 8.49 25.08 19.68 39.04 46.15 0.01 7.08 Saudi Arabia : 2.63 0.32 9.00 9.03 9.25 0.00 2.70 Southeast Asia 8/ : 1.73 18.76 3.18 15.42 21.38 0.57 1.72 South Korea : 1.35 0.35 9.39 7.10 8.98 0.00 2.11 Selected other : Brazil : 3.75 61.34 0.86 38.25 45.39 7.14 13.43 China : 37.13 159.49 1.16 106.17 157.06 0.85 39.86 FSU-12 : 5.28 53.91 0.92 34.60 50.40 5.36 4.36 Russia : 1.67 29.33 0.52 18.78 28.93 1.21 1.38 Ukraine : 2.12 14.59 0.07 9.06 12.16 3.15 1.46 =============================================================================== 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-466-21 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/ : December : 155.72 1097.41 106.47 651.99 1087.58 108.12 165.55 January : 156.16 1102.41 103.92 648.50 1080.13 104.82 178.44 United States : December : 45.06 323.84 3.11 146.17 280.65 49.51 41.85 January : 45.06 326.09 3.11 144.39 275.44 48.24 50.57 Total foreign : December : 110.66 773.56 103.36 505.82 806.93 58.62 123.70 January : 111.11 776.32 100.81 504.11 804.70 56.58 127.87 Major exporters 4/ : December : 9.19 72.79 2.05 37.18 52.23 22.61 9.19 January : 9.27 71.29 2.05 37.02 52.22 21.31 9.08 Argentina Dec : 0.87 24.47 0.00 8.96 11.62 12.06 1.67 Jan : 0.87 22.97 0.00 8.96 11.62 10.76 1.47 Australia Dec : 0.87 10.16 0.00 5.32 6.63 3.38 1.02 Jan : 0.87 10.16 0.00 5.32 6.63 3.38 1.02 Canada Dec : 4.00 27.19 1.73 17.69 23.81 4.65 4.46 Jan : 4.04 27.19 1.73 17.69 23.81 4.65 4.50 Major importers 5/ : December : 32.38 235.30 80.24 223.36 300.33 8.06 39.53 January : 32.76 236.42 78.14 222.06 298.96 8.07 40.30 EU-27 6/ Dec : 13.05 159.69 2.76 109.25 148.02 7.40 20.07 Jan : 13.04 160.06 2.76 109.25 147.95 7.40 20.51 Japan Dec : 1.83 0.18 19.54 14.61 19.74 0.00 1.80 Jan : 1.83 0.18 19.54 14.61 19.74 0.00 1.80 Mexico Dec : 3.66 31.18 10.88 24.51 41.46 0.10 4.16 Jan : 3.65 32.18 10.18 24.81 41.76 0.10 4.15 N Afr/M.East 7/Dec : 6.68 24.90 22.10 40.11 47.58 0.00 6.10 Jan : 7.08 24.65 21.20 39.01 46.48 0.01 6.44 Saudi Arabia Dec : 2.70 0.33 9.50 9.23 9.46 0.00 3.06 Jan : 2.70 0.33 9.30 9.03 9.26 0.00 3.06 S.-east Asia 8/Dec : 1.72 18.52 3.83 15.97 21.95 0.56 1.56 Jan : 1.72 18.52 3.73 15.87 21.85 0.56 1.56 South Korea Dec : 2.11 0.34 7.27 5.45 7.63 0.00 2.09 Jan : 2.11 0.34 7.27 5.45 7.63 0.00 2.09 Selected other : Brazil Dec : 13.43 56.21 0.76 42.25 50.33 9.70 10.36 Jan : 13.43 54.21 0.76 42.25 50.33 9.70 8.36 China Dec : 39.83 167.60 1.43 112.23 166.73 0.68 41.45 Jan : 39.86 173.10 1.43 112.23 166.73 0.68 46.98 FSU-12 Dec : 4.37 75.20 0.69 38.98 56.08 12.69 11.49 Jan : 4.36 75.50 0.64 38.98 56.08 12.69 11.74 Russia Dec : 1.38 39.50 0.35 21.45 32.53 2.90 5.81 Jan : 1.38 39.80 0.30 21.45 32.53 2.90 6.05 Ukraine Dec : 1.46 24.48 0.05 10.00 13.43 9.10 3.46 Jan : 1.46 24.48 0.05 10.00 13.43 9.10 3.46 =============================================================================== 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-466-22 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/ : 124.62 712.38 91.01 478.00 728.15 93.80 108.85 United States : 49.97 267.50 0.30 142.02 230.67 53.99 33.11 Total foreign : 74.66 444.87 90.70 335.98 497.48 39.81 75.73 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 54.52 110.86 154.16 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 49.20 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 : 1.97 8.99 2.10 8.43 11.41 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/ : 108.85 791.49 96.58 496.48 772.12 95.47 128.22 United States : 33.11 331.18 0.51 150.83 261.67 61.87 41.26 Total foreign : 75.73 460.31 96.07 345.65 510.45 33.59 86.96 Major exporters 4/ : 3.32 34.01 0.25 10.10 16.70 17.00 3.88 Argentina : 1.66 20.85 0.05 5.10 7.00 15.00 0.56 South Africa : 1.66 13.16 0.20 5.00 9.70 2.00 3.33 Major importers 5/ : 16.29 95.33 61.01 113.30 156.64 1.25 14.72 Egypt : 0.92 6.17 4.15 8.30 10.40 0.00 0.85 EU-27 6/ : 7.38 47.67 14.02 50.50 63.50 0.59 4.97 Japan : 1.15 0.00 16.61 11.80 16.50 0.00 1.26 Mexico : 3.08 22.65 9.56 16.20 32.00 0.11 3.18 Southeast Asia 7/ : 1.73 18.69 3.15 15.35 21.30 0.55 1.72 South Korea : 1.35 0.08 9.32 7.05 8.64 0.00 2.11 Selected other : Brazil : 3.59 58.60 0.55 36.00 42.50 7.00 13.24 Canada : 1.34 11.65 3.18 10.26 13.83 0.89 1.46 China : 36.60 152.30 0.04 105.00 149.00 0.55 39.39 FSU-12 : 1.77 13.79 0.54 11.09 12.78 2.15 1.17 Ukraine : 1.07 7.40 0.02 5.00 5.70 2.07 0.72 =============================================================================== 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-466-23 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/ : December : 127.80 785.90 79.69 488.13 789.87 80.39 123.83 January : 128.22 791.04 76.94 485.51 783.22 76.88 136.03 United States : December : 41.26 305.32 0.38 135.90 263.79 45.72 37.44 January : 41.26 307.39 0.38 134.63 259.09 44.45 45.48 Total foreign : December : 86.54 480.58 79.31 352.24 526.08 34.67 86.38 January : 86.96 483.65 76.56 350.89 524.13 32.43 90.56 Major exporters 4/ : December : 3.88 28.50 0.20 10.60 17.10 13.00 2.48 January : 3.88 27.00 0.20 10.60 17.10 11.50 2.48 Argentina Dec : 0.56 18.00 0.00 5.60 7.50 10.50 0.56 Jan : 0.56 16.50 0.00 5.60 7.50 9.00 0.56 South Africa Dec : 3.33 10.50 0.20 5.00 9.60 2.50 1.93 Jan : 3.33 10.50 0.20 5.00 9.60 2.50 1.93 Major importers 5/ : December : 14.66 109.77 47.00 108.40 153.57 2.64 15.22 January : 14.72 111.05 45.40 107.80 152.98 2.64 15.57 Egypt Dec : 0.85 6.18 4.30 8.30 10.60 0.00 0.72 Jan : 0.85 6.18 4.00 8.00 10.30 0.00 0.72 EU-27 6/ Dec : 4.90 60.92 2.00 46.50 60.50 2.00 5.32 Jan : 4.97 61.20 2.00 46.50 60.50 2.00 5.67 Japan Dec : 1.26 0.00 16.50 11.70 16.50 0.00 1.27 Jan : 1.26 0.00 16.50 11.70 16.50 0.00 1.27 Mexico Dec : 3.19 24.00 9.00 16.50 32.50 0.10 3.59 Jan : 3.18 25.00 8.00 16.50 32.50 0.10 3.58 S.-east Asia 7/Dec : 1.72 18.45 3.80 15.90 21.88 0.54 1.56 Jan : 1.72 18.45 3.70 15.80 21.78 0.54 1.56 South Korea Dec : 2.11 0.08 7.20 5.40 7.30 0.00 2.09 Jan : 2.11 0.08 7.20 5.40 7.30 0.00 2.09 Selected other : Brazil Dec : 13.24 53.50 0.50 40.00 47.50 9.50 10.24 Jan : 13.24 51.50 0.50 40.00 47.50 9.50 8.24 Canada Dec : 1.42 10.60 1.60 7.50 11.50 0.50 1.62 Jan : 1.46 10.60 1.60 7.50 11.50 0.50 1.66 China Dec : 39.39 160.00 0.10 111.00 158.00 0.50 40.99 Jan : 39.39 165.50 0.10 111.00 158.00 0.50 46.49 FSU-12 Dec : 1.18 19.82 0.33 12.93 14.76 3.83 2.73 Jan : 1.17 20.12 0.28 12.93 14.76 3.83 2.97 Ukraine Dec : 0.72 10.00 0.03 5.20 5.90 3.50 1.34 Jan : 0.72 10.00 0.03 5.20 5.90 3.50 1.34 =============================================================================== 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-466-24 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/ : 75.68 420.63 28.72 420.92 31.35 75.39 United States : 1.37 6.27 0.65 4.10 2.92 1.27 Total foreign : 74.31 414.37 28.07 416.82 28.42 74.12 Major exporters 4/ : 15.73 139.97 0.46 117.70 22.42 16.03 India : 10.52 93.35 0.00 86.94 5.50 11.43 Pakistan : 0.30 5.45 0.00 2.21 2.84 0.70 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 60.07 12.05 70.34 0.44 14.13 Brazil : 0.90 7.70 0.73 7.93 0.24 1.16 EU-27 6/ : 1.18 1.69 1.34 2.92 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 3.21 5.20 0.05 1.60 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 0.26 4.89 0.16 0.70 : : 2007/08 (Estimated) World 3/ : 75.39 431.31 27.41 428.01 30.42 78.69 United States : 1.27 6.34 0.76 3.97 3.45 0.94 Total foreign : 74.12 424.97 26.65 424.04 26.97 77.74 Major exporters 4/ : 16.03 145.80 0.41 122.32 21.75 18.18 India : 11.43 96.43 0.00 90.76 4.10 13.00 Pakistan : 0.70 5.70 0.00 2.45 3.00 0.95 Thailand : 2.51 19.30 0.01 9.60 10.00 2.22 Vietnam : 1.39 24.38 0.40 19.51 4.65 2.01 Major importers 5/ : 14.13 61.74 11.03 73.05 0.62 13.22 Brazil : 1.16 8.20 0.40 8.40 0.45 0.90 EU-27 6/ : 1.14 1.68 1.57 3.11 0.15 1.12 Indonesia : 4.61 35.80 0.50 36.55 0.00 4.36 Nigeria : 0.60 3.00 1.55 4.65 0.00 0.50 Philippines : 4.87 10.08 2.70 13.10 0.00 4.55 Sel. Mideast 7/ : 1.60 2.38 3.03 5.30 0.02 1.69 Selected other : Burma : 0.60 10.73 0.05 10.30 0.45 0.63 C. Amer & Carib 8/ : 0.14 0.06 0.43 0.55 0.00 0.08 China : 35.92 130.22 0.25 127.45 1.00 37.94 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 : 0.70 4.41 0.25 4.68 0.00 0.68 =============================================================================== 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-466-25 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/ : December : 78.59 434.59 27.37 432.33 29.88 80.85 January : 78.69 439.08 27.08 435.11 29.77 82.66 United States : December : 0.94 6.51 0.71 4.02 3.39 0.75 January : 0.94 6.52 0.57 4.06 3.23 0.74 Total foreign : December : 77.65 428.08 26.66 428.30 26.49 80.10 January : 77.74 432.57 26.51 431.05 26.54 81.92 Major exporters 4/ : December : 18.08 146.80 0.31 124.74 21.20 19.25 January : 18.18 146.80 0.31 124.74 21.20 19.35 India Dec : 13.00 97.50 0.00 93.50 2.50 14.50 Jan : 13.00 97.50 0.00 93.50 2.50 14.50 Pakistan Dec : 0.95 6.30 0.00 2.70 4.00 0.55 Jan : 0.95 6.30 0.00 2.70 4.00 0.55 Thailand Dec : 2.22 19.50 0.01 9.50 9.50 2.73 Jan : 2.22 19.50 0.01 9.50 9.50 2.73 Vietnam Dec : 1.91 23.50 0.30 19.04 5.20 1.47 Jan : 2.01 23.50 0.30 19.04 5.20 1.57 Major importers 5/ : December : 13.22 61.88 11.19 73.50 0.47 12.33 January : 13.22 61.84 11.09 73.50 0.47 12.19 Brazil Dec : 1.00 8.30 0.60 8.71 0.30 0.89 Jan : 0.90 8.30 0.50 8.71 0.30 0.69 EU-27 6/ Dec : 1.02 1.63 1.20 2.75 0.15 0.95 Jan : 1.12 1.59 1.20 2.75 0.15 1.01 Indonesia Dec : 4.36 36.25 0.80 36.85 0.00 4.56 Jan : 4.36 36.25 0.80 36.85 0.00 4.56 Nigeria Dec : 0.50 3.30 1.60 4.80 0.00 0.60 Jan : 0.50 3.30 1.60 4.80 0.00 0.60 Philippines Dec : 4.55 10.20 2.50 13.20 0.00 4.05 Jan : 4.55 10.20 2.50 13.20 0.00 4.05 Sel. Mideast 7/Dec : 1.69 1.59 3.42 5.44 0.02 1.23 Jan : 1.69 1.59 3.42 5.44 0.02 1.23 Selected other : Burma Dec : 0.63 9.80 0.03 10.00 0.20 0.26 Jan : 0.63 9.80 0.03 10.00 0.20 0.26 C. Am & Car. 8/Dec : 0.05 0.05 0.39 0.47 0.00 0.02 Jan : 0.08 0.05 0.39 0.47 0.00 0.05 China Dec : 37.94 130.90 0.33 128.00 1.30 39.87 Jan : 37.94 135.10 0.33 130.50 1.30 41.57 Egypt Dec : 0.67 4.39 0.02 3.63 0.80 0.65 Jan : 0.67 4.39 0.02 3.63 0.80 0.65 Japan Dec : 2.69 8.00 0.70 8.23 0.20 2.96 Jan : 2.69 8.00 0.70 8.23 0.20 2.96 Mexico Dec : 0.17 0.21 0.60 0.83 0.01 0.14 Jan : 0.17 0.21 0.60 0.83 0.01 0.14 South Korea Dec : 0.71 4.84 0.29 4.78 0.00 1.06 Jan : 0.68 4.84 0.28 4.66 0.00 1.15 =============================================================================== 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-466-26 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 : 62.21 121.99 37.43 123.45 37.10 -1.72 62.81 United States : 6.07 21.59 0.02 4.94 13.01 0.25 9.48 Total foreign : 56.14 100.40 37.41 118.51 24.09 -1.97 53.33 Major exporters 4/ : 19.72 45.69 2.22 27.42 20.24 -0.16 20.14 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 9.86 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/ : 34.20 51.62 32.44 86.44 2.47 -1.81 31.15 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 : 1.73 3.80 4.03 7.30 0.30 0.00 1.95 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 : 62.81 120.54 38.04 122.69 38.44 -2.06 62.31 United States : 9.48 19.21 0.01 4.61 13.65 0.39 10.04 Total foreign : 53.33 101.33 38.03 118.08 24.79 -2.45 52.27 Major exporters 4/ : 20.14 47.18 1.47 27.79 21.29 -0.14 19.85 Central Asia 5/ : 2.27 8.35 0.04 1.63 6.53 0.00 2.50 Afr. Fr. Zone 6/ : 1.13 2.46 3/ 0.19 2.56 0.00 0.84 S. Hemis. 7/ : 7.67 9.30 0.53 5.83 3.94 -0.15 7.88 Australia : 1.15 0.62 3/ 0.05 1.22 -0.02 0.53 Brazil : 5.41 7.36 0.16 4.60 2.23 -0.15 6.25 India : 7.66 24.60 0.45 18.30 7.03 0.00 7.38 Major importers 8/ : 31.15 51.24 33.91 85.72 2.40 -2.31 30.50 Mexico : 1.03 0.62 1.53 2.00 0.22 0.03 0.93 China : 20.54 37.00 11.53 51.50 0.06 -2.50 20.00 EU-27 9/ : 0.83 1.51 1.58 1.81 1.36 0.05 0.70 Russia : 0.22 3/ 1.20 1.23 0.00 0.00 0.20 Turkey : 1.95 3.10 3.27 6.00 0.37 0.00 1.95 Pakistan : 4.38 8.90 3.90 12.40 0.27 0.03 4.48 Indonesia : 0.35 0.03 2.30 2.23 0.02 0.05 0.39 Thailand : 0.35 0.02 1.93 1.95 0.00 0.03 0.32 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-466-27 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 : December : 61.35 111.56 32.80 116.59 32.80 -2.46 58.77 January : 62.31 109.84 31.08 115.24 31.07 -2.48 59.40 United States : December : 10.04 13.61 0.01 4.30 12.25 0.02 7.10 January : 10.04 13.04 0.01 4.20 12.00 -0.01 6.90 Total foreign : December : 51.31 97.94 32.79 112.29 20.55 -2.47 51.67 January : 52.27 96.80 31.07 111.04 19.07 -2.47 52.50 Major exporters 4/ : December : 19.48 44.55 1.46 26.65 17.57 -0.16 21.43 January : 19.85 43.45 1.54 26.45 16.15 -0.16 22.40 Central Asia 5/Dec : 2.50 7.42 0.05 1.68 5.55 0.00 2.74 Jan : 2.50 7.42 0.05 1.68 5.29 0.00 3.01 Afr. Fr. Zn. 6/Dec : 0.84 2.53 3/ 0.19 2.37 0.00 0.81 Jan : 0.84 2.53 3/ 0.19 2.26 0.00 0.92 S. Hemis 7/ Dec : 7.88 8.56 0.46 5.58 3.86 -0.18 7.64 Jan : 7.88 8.46 0.54 5.58 3.83 -0.18 7.64 Australia Dec : 0.53 1.30 3/ 0.05 0.95 -0.05 0.88 Jan : 0.53 1.35 3/ 0.05 1.05 -0.05 0.83 Brazil Dec : 6.25 5.80 0.20 4.40 2.40 -0.15 5.60 Jan : 6.25 5.80 0.20 4.40 2.35 -0.15 5.65 India Dec : 7.01 24.00 0.50 17.50 5.00 0.00 9.01 Jan : 7.38 23.00 0.50 17.30 4.00 0.00 9.58 Major importers 8/ : December : 29.90 50.23 28.84 81.18 1.84 -2.31 28.27 January : 30.50 50.19 27.05 80.13 1.80 -2.31 28.12 Mexico Dec : 0.93 0.68 1.30 1.85 0.18 0.03 0.86 Jan : 0.93 0.65 1.30 1.85 0.15 0.03 0.86 China Dec : 19.50 36.50 9.00 49.50 0.08 -2.50 17.93 Jan : 20.00 36.50 7.50 48.50 0.08 -2.50 17.93 EU-27 9/ Dec : 0.70 1.22 1.38 1.57 0.97 0.05 0.70 Jan : 0.70 1.20 1.39 1.57 0.93 0.05 0.74 Russia Dec : 0.20 3/ 1.10 1.10 0.00 0.00 0.20 Jan : 0.20 3/ 1.10 1.10 0.00 0.00 0.20 Turkey Dec : 1.86 2.30 2.60 5.00 0.20 0.00 1.56 Jan : 1.95 2.30 2.50 5.00 0.20 0.00 1.55 Pakistan Dec : 4.48 9.40 3.00 11.80 0.30 0.03 4.76 Jan : 4.48 9.40 2.85 11.70 0.38 0.03 4.63 Indonesia Dec : 0.39 0.03 2.20 2.15 0.02 0.05 0.40 Jan : 0.39 0.03 2.10 2.10 0.02 0.05 0.35 Thailand Dec : 0.32 0.02 1.70 1.70 0.00 0.03 0.30 Jan : 0.32 0.02 1.80 1.80 0.00 0.03 0.30 Bangladesh Dec : 0.58 0.06 2.85 2.85 0.00 0.01 0.63 Jan : 0.58 0.06 2.85 2.85 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-466-28 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/ : 53.09 237.55 69.05 195.90 225.51 71.50 62.68 United States : 12.23 87.00 0.25 49.20 53.47 30.39 15.62 Total foreign : 40.86 150.54 68.81 146.70 172.04 41.12 47.06 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 18.53 55.41 59.33 74.89 0.52 4.35 China : 4.57 15.97 28.73 35.97 46.12 0.45 2.70 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 3.84 3.90 3.93 0.00 0.04 : : 2007/08 (Estimated) World 2/ : 62.68 220.89 78.64 201.71 229.62 79.48 53.10 United States : 15.62 72.86 0.27 49.02 51.57 31.60 5.58 Total foreign : 47.06 148.03 78.37 152.68 178.05 47.88 47.52 Major exporters 3/ : 40.98 114.00 3.11 68.08 72.73 44.27 41.08 Argentina : 22.61 46.20 2.95 34.61 36.16 13.83 21.77 Brazil : 18.19 61.00 0.15 31.86 34.82 25.36 19.16 Major importers 4/ : 4.35 16.02 64.12 62.88 78.46 0.53 5.51 China : 2.70 14.00 37.82 39.52 49.82 0.45 4.25 EU-27 : 1.12 0.73 15.15 14.87 16.14 0.04 0.82 Japan : 0.27 0.23 4.01 2.89 4.22 0.00 0.29 Mexico : 0.04 0.08 3.65 3.70 3.74 0.00 0.03 : : 2008/09 (Projected) World 2/ : December : 53.10 234.65 76.10 202.20 232.58 77.08 54.19 January : 53.10 233.20 75.94 200.71 231.11 77.19 53.94 United States : December : 5.58 79.49 0.19 46.68 51.10 28.58 5.58 January : 5.58 80.54 0.25 45.86 50.31 29.94 6.12 Total foreign : December : 47.52 155.17 75.91 155.53 181.49 48.50 48.60 January : 47.52 152.67 75.69 154.85 180.81 47.25 47.82 Major exporters 3/ : December : 41.08 116.00 2.82 69.05 73.80 44.65 41.45 January : 41.08 114.10 2.60 68.67 73.42 43.65 40.72 Argentina Dec : 21.77 50.50 2.70 35.90 37.49 14.70 22.78 Jan : 21.77 49.50 2.54 35.62 37.21 14.40 22.19 Brazil Dec : 19.16 59.00 0.10 31.50 34.51 25.25 18.50 Jan : 19.16 59.00 0.05 31.50 34.51 25.25 18.45 Major importers 4/ : December : 5.49 18.92 61.33 63.48 79.23 0.52 5.98 January : 5.51 18.92 61.33 63.48 79.25 0.52 5.99 China Dec : 4.25 16.80 36.00 41.47 51.87 0.45 4.72 Jan : 4.25 16.80 36.00 41.47 51.87 0.45 4.72 EU-27 Dec : 0.80 0.75 14.15 13.65 14.86 0.03 0.81 Jan : 0.82 0.75 14.15 13.65 14.88 0.03 0.81 Japan Dec : 0.29 0.23 4.00 2.84 4.26 0.00 0.26 Jan : 0.29 0.23 4.00 2.84 4.26 0.00 0.26 Mexico Dec : 0.03 0.16 3.59 3.70 3.74 0.00 0.04 Jan : 0.03 0.16 3.59 3.70 3.74 0.00 0.04 =============================================================================== 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and Paraguay. 4/ Japan, China, and EU, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). WASDE-466-29 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/ : 6.10 154.16 52.53 152.23 54.27 6.28 United States : 0.29 39.06 0.14 31.18 7.99 0.31 Total foreign : 5.82 115.10 52.39 121.05 46.29 5.97 Major exporters 3/ : 3.60 55.45 0.17 13.56 41.80 3.86 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 : 0.46 5.28 0.00 1.85 3.46 0.43 Major importers 4/ : 1.14 41.33 28.72 68.64 1.43 1.13 EU-27 : 0.87 11.55 22.21 33.23 0.55 0.86 China : 0.00 28.47 0.03 27.63 0.87 0.00 : : 2007/08 (Estimated) World 2/ : 6.28 158.44 54.86 157.71 55.69 6.18 United States : 0.31 38.32 0.13 30.08 8.42 0.27 Total foreign : 5.97 120.12 54.73 127.63 47.27 5.92 Major exporters 3/ : 3.86 58.15 0.18 14.59 43.73 3.86 Argentina : 1.52 27.07 0.00 0.62 26.80 1.17 Brazil : 1.91 24.69 0.17 12.05 12.14 2.59 India : 0.43 6.39 0.00 1.92 4.79 0.11 Major importers 4/ : 1.13 44.37 30.65 73.88 1.06 1.22 EU-27 : 0.86 11.72 24.07 35.17 0.41 1.07 China : 0.00 31.28 0.20 30.85 0.63 0.00 : : 2008/09 (Projected) World 2/ : December : 6.19 158.99 55.02 158.34 55.98 5.88 January : 6.18 158.03 55.00 157.94 55.61 5.65 United States : December : 0.27 36.96 0.15 29.48 7.62 0.27 January : 0.27 36.14 0.15 28.67 7.62 0.27 Total foreign : December : 5.93 122.03 54.87 128.86 48.36 5.61 January : 5.92 121.89 54.85 129.28 47.99 5.38 Major exporters 3/ : December : 3.86 59.17 0.18 14.98 44.62 3.61 January : 3.86 58.92 0.16 14.98 44.57 3.39 Argentina Dec : 1.17 28.10 0.00 0.65 27.42 1.20 Jan : 1.17 27.86 0.00 0.65 27.37 1.01 Brazil Dec : 2.59 24.41 0.18 12.49 12.40 2.28 Jan : 2.59 24.41 0.16 12.49 12.40 2.26 India Dec : 0.11 6.66 0.00 1.84 4.80 0.12 Jan : 0.11 6.66 0.00 1.84 4.80 0.12 Major importers 4/ : December : 1.22 44.45 29.78 73.38 0.96 1.10 January : 1.22 44.89 29.78 73.82 0.96 1.10 EU-27 Dec : 1.07 10.75 22.80 33.32 0.35 0.95 Jan : 1.07 10.75 22.80 33.32 0.35 0.95 China Dec : 0.00 32.39 0.20 31.99 0.60 0.00 Jan : 0.00 32.83 0.20 32.43 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-466-30 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/ : 3.37 36.39 9.78 35.74 10.57 3.22 United States : 1.37 9.29 0.02 8.43 0.85 1.40 Total foreign : 2.00 27.09 9.76 27.31 9.72 1.82 Major exporters 3/ : 1.00 15.03 0.98 7.45 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 0.98 3.37 0.24 0.20 Major importers 4/ : 0.43 7.60 3.84 11.30 0.10 0.46 China : 0.20 6.41 2.40 8.67 0.09 0.25 India : 0.23 1.18 1.40 2.60 0.01 0.21 Pakistan : 0.00 0.01 0.03 0.03 0.00 0.00 : : 2007/08 (Estimated) World 2/ : 3.22 37.54 10.36 37.54 10.83 2.75 United States : 1.40 9.33 0.03 8.31 1.32 1.13 Total foreign : 1.82 28.21 10.33 29.23 9.51 1.62 Major exporters 3/ : 0.89 15.40 1.10 8.16 8.49 0.75 Argentina : 0.38 6.63 0.00 0.98 5.77 0.25 Brazil : 0.32 6.11 0.07 3.80 2.39 0.30 EU-27 : 0.20 2.67 1.03 3.38 0.33 0.19 Major importers 4/ : 0.46 8.48 3.51 12.02 0.11 0.32 China : 0.25 7.05 2.73 9.69 0.10 0.23 India : 0.21 1.43 0.73 2.27 0.01 0.09 Pakistan : 0.00 0.01 0.05 0.06 0.00 0.00 : : 2008/09 (Projected) World 2/ : December : 2.73 37.55 9.55 37.36 10.00 2.48 January : 2.75 37.32 9.43 37.18 9.77 2.55 United States : December : 1.13 8.87 0.02 8.17 0.93 0.92 January : 1.13 8.71 0.02 8.10 0.79 0.97 Total foreign : December : 1.60 28.69 9.53 29.19 9.07 1.56 January : 1.62 28.60 9.41 29.08 8.98 1.58 Major exporters 3/ : December : 0.75 15.37 0.69 7.98 8.09 0.74 January : 0.75 15.31 0.67 7.97 8.04 0.71 Argentina Dec : 0.25 6.87 0.00 1.15 5.70 0.27 Jan : 0.25 6.81 0.00 1.15 5.65 0.27 Brazil Dec : 0.30 6.04 0.07 3.96 2.14 0.31 Jan : 0.30 6.04 0.05 3.96 2.14 0.29 EU-27 Dec : 0.19 2.46 0.62 2.86 0.25 0.15 Jan : 0.19 2.46 0.62 2.86 0.25 0.15 Major importers 4/ : December : 0.32 8.85 3.17 11.87 0.08 0.40 January : 0.32 8.90 3.07 11.77 0.08 0.45 China Dec : 0.23 7.36 2.37 9.58 0.07 0.31 Jan : 0.23 7.41 2.37 9.58 0.07 0.36 India Dec : 0.09 1.49 0.75 2.23 0.01 0.09 Jan : 0.09 1.49 0.65 2.13 0.01 0.09 Pakistan Dec : 0.00 0.01 0.05 0.06 0.00 0.00 Jan : 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-466-31 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 : 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 : 6911 5633 12621 9455 1571 11175 23796 1874 46.8 IV : 6380 6110 12569 8900 1575 10605 23174 1895 46.6 Annual : Dec Proj : 26589 23419 50321 36995 6252 43813 94134 7504 189.7 Jan Est : 26559 23359 50232 36895 6252 43708 93940 7499 189.6 : 2009 : I* : 6260 5915 12253 8750 1495 10375 22628 1845 47.6 II* : 6770 5465 12314 9200 1510 10840 23154 1850 49.0 III* : 6970 5550 12596 9225 1510 10870 23466 1885 47.1 IV* : 6540 6105 12723 9150 1555 10835 23558 1925 46.8 Annual : Dec Proj : 26540 23125 49976 36525 6070 43125 93101 7515 191.4 Jan Proj : 26540 23035 49886 36325 6070 42920 92806 7505 190.5 =============================================================================== * 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 : 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 : 98.45 57.27 80.6 96.5 114.5 18.67 IV : 88.22 41.92 79.4 87.3 120.5 16.90 Annual : Dec Proj : 92.59 47.73 79.7 87.8 127.8 18.30-18.40 Jan Est : 92.27 47.84 79.7 87.5 127.8 18.34 : 2009 : I* : 89-93 46-48 81-85 74-78 124-130 11.75-12.15 II* : 92-98 48-52 82-88 81-87 115-123 10.80-11.50 III* : 90-98 50-54 83-89 88-96 111-121 11.50-12.50 IV* : 91-99 45-49 80-86 86-94 123-133 13.15-14.15 Annual : Dec Proj : 92-99 48-52 81-87 85-91 119-127 14.95-15.75 Jan Proj : 91-97 47-51 81-87 83-88 118-127 11.80-12.60 =============================================================================== *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-466-32 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 Est. Dec : 630 26691 2452 29773 1860 595 27318 62.7 Jan : 630 26661 2482 29773 1875 605 27293 62.6 2009 Proj. Dec : 595 26642 2595 29832 1920 595 27317 62.1 Jan : 605 26642 2680 29927 1920 595 27412 62.3 : PORK : 2007 : 514 21962 968 23444 3141 536 19767 50.8 2008 Est. Dec : 536 23438 813 24787 4769 640 19378 49.3 Jan : 536 23378 813 24727 4769 640 19318 49.2 2009 Proj. Dec : 640 23144 850 24634 4100 640 19894 50.2 Jan : 640 23054 850 24544 4100 640 19804 49.9 : TOTAL RED MEAT 5/ : 2007 : 1166 48817 4223 54206 4585 1186 48436 117.5 2008 Est. Dec : 1186 50455 3451 55092 6639 1262 47191 113.4 Jan : 1186 50366 3477 55029 6655 1274 47100 113.2 2009 Proj. Dec : 1262 50110 3626 54998 6032 1260 47706 113.7 Jan : 1274 50020 3711 55005 6032 1260 47713 113.7 : BROILERS : 2007 : 732 35739 61 36532 5904 719 29909 85.0 2008 Est. Dec : 719 36599 77 37395 6731 700 29964 84.4 Jan : 719 36500 77 37296 6731 810 29755 83.8 2009 Proj. Dec : 700 36134 80 36914 6150 690 30074 83.9 Jan : 810 35936 80 36826 6150 690 29986 83.7 : TURKEYS : 2007 : 218 5880 10 6108 547 261 5300 17.5 2008 Est. Dec : 261 6170 10 6440 654 350 5436 17.8 Jan : 261 6170 10 6440 654 350 5436 17.8 2009 Proj. Dec : 350 5990 12 6352 605 285 5462 17.7 Jan : 350 5990 12 6352 605 285 5462 17.7 : TOTAL POULTRY 6/ : 2007 : 956 42117 75 43147 6618 982 35548 103.7 2008 Est. Dec : 982 43335 93 44409 7520 1055 35834 103.7 Jan : 982 43231 93 44305 7520 1165 35620 103.0 2009 Proj. Dec : 1055 42654 100 43809 6905 979 35925 102.9 Jan : 1165 42451 100 43716 6905 979 35832 102.7 : RED MEAT & POULTRY : 2007 : 2122 90934 4298 97354 11202 2168 83984 221.2 2008 Est. Dec : 2168 93790 3544 99501 14159 2317 83025 217.1 Jan : 2168 93597 3570 99334 14175 2439 82720 216.3 2009 Proj. Dec : 2317 92764 3726 98807 12937 2239 83631 216.6 Jan : 2439 92471 3811 98721 12937 2239 83545 216.4 =============================================================================== 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-466-33 U.S. Egg Supply and Use =============================================================================== : : : 2008 Estimated : 2009 Projected : : :-----------------:----------------- Commodity : 2006 : 2007 : Dec : Jan : Dec : Jan =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 16.0 12.5 11.1 11.1 16.0 16.0 Production : 7610.0 7547.0 7504.0 7499.0 7515.0 7505.0 Imports : 8.6 13.6 15.4 15.4 14.0 14.0 Total supply : 7634.6 7573.1 7530.5 7525.5 7545.0 7535.0 : Use : Exports : 202.1 250.3 207.8 207.8 221.0 221.0 Hatching use : 992.2 1014.5 997.5 992.5 1006.0 1006.0 Ending stocks : 12.5 11.1 16.0 16.0 15.0 15.0 Disappearance : Total : 6427.8 6297.2 6309.2 6309.2 6303.0 6293.0 Per capita (number) : 257.8 250.1 248.3 248.3 245.7 245.3 =============================================================================== U.S. Milk Supply and Use =============================================================================== : : : 2008 Estimated : 2009 Projected Commodity : : :-----------------:----------------- : 2006 : 2007 : Dec : Jan : Dec : Jan =============================================================================== : Billion pounds Milk : Production : 181.8 185.6 189.7 189.6 191.4 190.5 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 9.5 10.1 Marketings : 180.6 184.4 188.5 188.4 190.2 189.4 Imports : 5.0 4.6 3.2 3.4 3.4 3.4 Total cml. supply : 193.6 198.6 202.1 202.2 203.1 202.8 : Fat Basis Use : Commercial Exports : 3.4 5.7 9.1 9.1 6.7 6.7 Ending commercial stks : 9.5 10.4 9.5 10.1 9.1 9.5 CCC net removals 1/ : 0.0 0.0 0.0 0.0 0.0 0.4 Commercial use 2/ : 180.7 182.5 183.4 183.0 187.2 186.2 : Skim-solids Basis Supply : Beg. commercial stocks : 9.0 9.1 9.9 9.9 10.2 10.5 Marketings : 180.6 184.4 188.5 188.4 190.2 189.4 Imports : 4.8 4.4 3.4 3.6 3.4 3.4 Total cml. supply : 194.4 198.0 201.8 202.0 203.8 203.3 : Skim-solids Basis Use : Commercial Exports : 23.6 24.5 26.5 26.5 23.5 23.5 Ending commercial stks : 9.1 9.9 10.2 10.5 10.0 10.2 CCC net removals 1/ : 0.7 0.0 1.1 1.3 1.7 3.9 Commercial use 2/ : 160.9 163.6 164.1 163.7 168.7 165.7 : : Million pounds CCC product net removals 1/: Butter : 0 0 0 0 0 5 Cheese : 0 0 0 0 0 20 Nonfat dry milk : 64 0 95 115 150 320 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-466-34 U.S. Dairy Prices ============================================================================ : : : 2008 Estimated : 2009 Projected : : : -----------------:------------------ Commodity : 2006 : 2007 : Dec : Jan : Dec : Jan ============================================================================ : Dollars per pound : Product Prices 1/ : Cheese : 1.2470 1.7380 1.890- 1.8954 1.655- 1.260- : 1.900 1.735 1.340 : Butter : 1.2193 1.3441 1.420- 1.4356 1.265- 1.160- : 1.450 1.375 1.270 : Nonfat dry milk : 0.8928 1.7083 1.215- 1.2256 0.875- 0.840- : 1.235 0.935 0.900 : Dry whey : 0.3285 0.6004 0.245- 0.2504 0.190- 0.180- : 0.255 0.220 0.210 : : Dollars per cwt Milk Prices 2/ : Class III : 11.89 18.04 17.40- 17.44 14.50- 10.60- : 17.50 15.30 11.40 : Class IV : 11.06 18.36 14.55- 14.65 10.75- 10.00- : 14.75 11.65 10.90 : All milk 3/ : 12.88 19.13 18.30- 18.34 14.95- 11.80- : 18.40 15.75 12.60 : ============================================================================ 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-466-35 Note: Tables on pages 35-37 present a 27-year record of the differences between the January projection and the final estimate. Using world wheat production as an example, changes between the January projection and the final estimate have averaged 3.3 million tons (0.6%) ranging from -8.3 to 6.4 million tons. The January projection has been below the estimate 19 times and above 8 times. Reliability of January 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 : 0.6 3.3 -8.3 6.4 19 8 U.S. : 0.1 0.0 -0.2 0.1 11 6 Foreign : 0.7 3.3 -8.3 6.4 19 8 Exports : World : 3.5 3.9 -14.0 5.2 19 8 U.S. : 4.2 1.4 -3.9 2.7 15 12 Foreign : 4.6 3.7 -12.6 5.6 21 6 Domestic use : World : 0.9 4.6 -14.3 11.0 17 10 U.S. : 3.9 1.2 -2.6 3.0 9 18 Foreign : 0.9 4.5 -14.8 8.6 18 9 Ending stocks : World : 4.0 5.0 -11.5 8.1 19 8 U.S. : 7.8 1.6 -4.6 3.3 16 11 Foreign : 4.2 4.3 -10.3 9.8 19 8 : COARSE GRAINS 3/ : Production : World : 1.1 9.5 -26.3 8.2 18 9 U.S. : 0.2 0.4 -4.6 1.3 12 6 Foreign : 1.5 9.2 -26.3 8.2 18 9 Exports : World : 4.2 4.4 -10.8 13.3 19 8 U.S. : 8.8 4.5 -11.1 12.4 12 15 Foreign : 8.7 4.6 -14.0 8.0 16 11 Domestic use : World : 0.9 7.9 -16.4 29.0 13 14 U.S. : 2.4 4.5 -18.8 11.5 13 14 Foreign : 1.1 7.0 -12.5 22.8 19 8 Ending stocks : World : 8.2 11.7 -31.8 17.6 21 6 U.S. : 11.2 6.0 -24.3 20.8 16 10 Foreign : 10.7 8.9 -29.6 10.8 22 5 : RICE, milled : Production : World : 1.4 5.0 -13.9 1.9 22 4 U.S. : 1.2 0.1 -0.3 0.2 11 4 Foreign : 1.4 4.9 -13.9 2.0 23 4 Exports : World : 7.0 1.4 -5.4 1.0 21 6 U.S. : 6.2 0.2 -0.6 0.3 14 11 Foreign : 8.0 1.3 -5.2 1.0 20 7 Domestic use : World : 1.0 3.5 -12.3 1.9 21 6 U.S. : 5.5 0.2 -0.4 0.5 12 15 Foreign : 1.0 3.5 -12.4 2.2 22 5 Ending stocks : World : 7.2 3.5 -14.5 3.9 21 6 U.S. : 17.5 0.2 -0.5 0.6 14 12 Foreign : 7.4 3.5 -13.9 3.8 21 6 =============================================================================== 1/ Footnotes at end of table. CONTINUED WASDE-466-36 Reliability of January 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 : 3.6 8.0 -8.9 17.4 2 2 U.S. : 1.2 0.9 -2.5 0.6 1 2 Foreign : 5.9 8.0 -8.9 17.0 1 3 Exports : World : 3.3 2.3 -3.9 2.4 3 1 U.S. : 5.8 1.8 -4.5 0.1 2 2 Foreign : 2.2 0.9 -0.5 2.3 1 3 Domestic use : World : 1.2 2.7 -2.2 5.3 1 3 U.S. : 2.8 1.5 -1.9 2.8 3 1 Foreign : 1.6 2.6 -2.0 4.1 1 3 Ending stocks : World : 17.2 8.1 -6.8 18.7 2 2 U.S. : 24.5 1.8 -0.8 4.9 1 3 Foreign : 16.5 6.6 -6.0 13.8 3 1 : COTTON : Million 480-pound bales Production : World : 2.0 1.9 -5.4 3.6 19 7 U.S. : 0.6 0.1 -0.2 0.3 11 15 Foreign : 2.5 1.9 -5.7 3.5 20 6 Exports : World : 4.1 1.2 -3.9 2.7 14 13 U.S. : 8.8 0.7 -1.7 2.7 16 11 Foreign : 4.2 0.8 -3.4 1.0 16 11 Mill use : World : 2.0 1.8 -6.3 4.7 15 12 U.S. : 3.5 0.3 -0.9 0.9 17 9 Foreign : 2.1 1.7 -5.8 4.7 16 11 Ending stocks : World : 8.6 3.3 -8.6 8.1 17 10 U.S. : 17.3 0.9 -2.4 2.2 8 19 Foreign : 9.1 3.1 -6.3 7.6 18 9 =============================================================================== 1/ Final estimate for 1981/82-2007/08 is defined as the first November estimate following the marketing year. 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-466-37 Reliability of United States January 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 : 0.2 13 -148 38 4 1 Exports : 9.1 161 -379 384 11 16 Domestic use : 2.5 163 -574 424 13 14 Ending stocks : 12.9 239 -986 838 17 10 : SORGHUM : Production : 0.3 3 -53 14 1 3 Exports : 12.3 29 -90 97 17 9 Domestic use : 9.0 39 -148 127 11 16 Ending stocks : 28.6 27 -78 98 11 16 : BARLEY : Production : 0.3 1 -3 11 11 4 Exports : 16.9 9 -37 23 9 16 Domestic use : 4.9 18 -43 70 12 13 Ending stocks : 8.6 12 -52 18 18 9 : OATS : Production : 0.1 0 -2 1 4 3 Exports : 40.5 1 -1 7 7 7 Domestic use : 3.2 12 -39 36 15 12 Ending stocks : 11.5 13 -47 34 15 12 : : Thousand short tons SOYBEAN MEAL : Production : 2.4 803 -2728 1242 18 9 Exports : 8.4 593 -2050 1050 18 9 Domestic use : 2.3 619 -1256 2066 15 12 Ending stocks : 28.3 69 -214 188 11 15 : : Million pounds SOYBEAN OIL : Production : 2.4 368 -1418 575 19 8 Exports : 17.7 293 -1325 839 13 12 Domestic use : 2.4 342 -885 1628 18 9 Ending stocks : 15.2 243 -583 538 17 10 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 3.2 793 -1342 2111 17 8 Pork : 2.5 432 -1240 1717 16 9 Broilers : 1.5 354 -937 512 16 9 Turkeys : 2.0 95 -226 181 15 10 : : Million dozen Eggs : 1.3 81 -127 175 14 10 : : Billion pounds Milk : 1.3 2.0 -5.7 5.7 13 12 =============================================================================== 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. 2/ Final estimate for 1981/82-2007/08 is defined as the first November estimate following the marketing year. 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 ----------------