WASDE-358 January 12, 2000 WHEAT: Projected U.S. 1999/2000 ending stocks of wheat are down 55 million bushels from last month because of reduced supplies and larger domestic use. Production is revised down 6 million bushels because of lower area. Projected feed and residual use is up 50 million bushels from last month because the December 1 stocks indicated larger-than- expected use during the September-November quarter. Seed use is down 1 million bushels because of lower winter wheat seedings. The projected price range is up 5 cents on each end from last month, to $2.50 to $2.60 per bushel. Global 1999/2000 wheat supply and use projections are little changed from last month. Global imports are up slightly from last month with reductions for China and South Korea largely offsetting increases for Iran, Russia, Indonesia, and Ukraine. The higher projected imports for Russia and Ukraine result in a corresponding rise in exports for Kazakstan. COARSE GRAINS: Projected U.S. feed grain stocks are down from last month because of a smaller crop and expanding use. Projected 1999/2000 ending stocks of corn are off 280 million bushels from last month. Corn production is estimated at 9,437 million bushels, down 100 million from last month. Projected corn exports are up 50 million bushels from last month because of larger global imports. Projected food and industrial use is up 20 million bushels from last month, while feed and residual use is 100 million bushels higher. The December 1 stocks indicated that feed and residual use during the September-November quarter was stronger than expected. Sorghum stocks are also down from last month because of higher feed and residual use. The projected price range for corn is up 10 cents on each end from last month to $1.70 to $2.10 per bushel. Global 1999/2000 coarse grain production and ending stocks are down from last month. The major change this month in projected foreign production is a 1-million-ton reduction in Brazil's corn crop due to continued dry weather. The smaller crop is expected to lead to larger corn imports. Also, larger imports are projected for South Korea because of smaller feed wheat purchases, and for Mexico because of the strong pace of purchases to date. The United States accounts for most of the reduction in projected global 1999/2000 ending stocks. RICE: The U.S. 1999/2000 rice crop is estimated at a record 210.5 million cwt, down 1.3 million cwt from last month but an increase of nearly 22.4 million cwt from 1998/99. Average yield for 1999/2000 is estimated at 5,908 pounds per acre, down 21 pounds per acre from last month, but up 239 pounds per acre from 1998/99. Domestic and residual use is projected up nearly 4 million cwt from last month because of a change in the milling yield used for 1999/2000. Projected exports are unchanged at 82 million cwt; however, rough rice exports are raised 4 million cwt to 20 million cwt, while exports of milled rice (rough-equivalent basis) are lowered the same amount to 62 million cwt. Ending stocks are lowered to 44.6 million cwt, down nearly 5 million cwt from last month, but up 22.5 million cwt from 1998/99. The season-average price range for 1999/2000 is raised $0.25 per cwt on each end to $5.75 to $6.25 per cwt. The higher price projection reflects prices through the first 5 months of the marketing year, and the expectation that the price of medium-grain rice will remain at a significant premium to that of long-grain rice for the remainder of the marketing year. The milling yield used in 1999/2000 supply and use balance is lowered to 69.5 percent, down 2.5 percentage points from last month, based largely on industry millings data through the first third of the marketing year. In addition, analysis of industry millings data for 1997/98 and 1998/99 results in a downward revision of the milling yield to 69.3 percent for each marketing year. Global production, consumption, exports, and ending stocks for 1999/2000 are raised from a month ago. The increase in global production to a record 396.5 million metric tons is due primarily to increases in the crops projected for Thailand, Vietnam, and Bangladesh; partially offset by reductions for Argentina, and the United States. Global exports for 1999/2000 are raised because of increases projected for Thailand and Vietnam. Exports for Thailand and Vietnam are also raised for 1998/99. OILSEEDS: U.S. oilseed production for 1999/2000 is forecast at 82.1 million metric tons, down 1.2 million tons from last month, and down 2.3 million tons from last year. The change is mainly due to reductions in soybeans and sunflowerseed. Peanut and cottonseed production are up slightly. U.S. soybean production is estimated at 2,643 million bushels, down 30 million bushels from last month. Soybean crush is reduced 5 million bushels this month, based on reduced soybean meal export prospects. Domestic soybean meal use is raised 150,000 short tons to 31.15 million tons, partially offsetting the reduction in soybean meal exports. Soybean ending stock are lowered 30 million bushels this month, to 365 million bushels. The U.S. soybean producer price range is projected at $4.50 to $5.00 per bushel, up 5 cents per bushel from last month, mainly due to reduced U.S. oilseed supplies. The U.S. soybean oil price is reduced 0.25 cent to 15.00 to 17.00 cents per pound. The soybean meal price range is unchanged at $140 to $165 per short ton. Global oilseed production is projected at a record 295.6 million metric tons, down 1.3 million tons from last month, but up 2.9 million tons from last year. Almost all of this month's change is due to reduced U.S. oilseed production. Foreign production, at a record 213.5 million tons, is down slightly from last month, but up 5.2 million tons from last year. Increased soybean production in Argentina and slightly higher sunflowerseed production in the former Soviet Union are offset by reductions in China's cottonseed output and India's rapeseed crop. Argentina's soybean crop is raised 0.5 million tons to 19.0 million tons, based on record harvested area. Recent beneficial rains in Argentina have helped stabilize yield prospects and have enabled growers to meet planting intentions. Brazil's soybean crop forecast is unchanged this month at 31.0 million tons as larger area offsets reduced yield. Other significant changes this month include a 0.2-million-ton increase in Malaysian palm oil crop to 10.4 million tons and an increase in global palm oil inventories. SUGAR: U.S. sugar supply for fiscal year 1999/2000 is projected up 5,000 short tons, raw value, from last month. Beet sugar production is increased 75,000 tons, based on higher-than- expected sugar content in 1999 crop sugarbeets. Cane sugar production is decreased 70,000 tons, mainly due to lower forecast sugarcane yields in Florida. Exports are increased 75,000 tons, following a Foreign Agricultural Service announcement (press release 0666-99) which changed an earlier waiver granted to a participant in the Refined Sugar Re-export Program. The stocks- to-use ratio is projected at 16.0 percent, compared with 16.8 percent last month. LIVESTOCK, POULTRY, AND DAIRY: The estimate of total U.S. meat production in 1999 is lowered slightly as reduced turkey and pork production offset an increase in beef. For 2000, forecast meat production is raised because of higher beef production. The recent Cattle on Feed report indicated higher-than-anticipated cattle placements in the last quarter of 1999, which results in an increase in the production forecast for the first half of 2000. The January 28 Cattle report will provide the opportunity to reassess the availability of cattle for placement in feedlots in 2000 and beyond. The December Hogs and Pigs report resulted in little change to the 2000 pork production forecast. Price forecasts for 2000 are little changed this month. Large milk production and weaker-than-expected demand for skim solids results in an increase in forecast CCC removals of nonfat dry milk for 1999/2000. Expected weakness in product prices is reflected in a 25-cent reduction from last month in the forecast Basic Formula/Class III price and a 10-cent reduction in the All-Milk price. COTTON: Higher production and exports highlight this month's U.S. estimates. Production is raised marginally to 16.95 million bales, as increases for the Southeast and far West are partially offset by lower estimates in the Southwest. The mill use forecast for 1999/2000 is unchanged at 10.2 million bales. The export estimate is raised 200,000 bales to 6.4 million bales, reflecting strong sales in recent weeks. Ending stocks are now estimated at 4.4 million bales, down 100,000 bales from last month. Sharply lower production, modestly higher consumption, and lower ending stocks characterize the 1999/2000 world outlook. World production is reduced 1.0 million bales, including a 1.4-million-bale decrease in China, based on the most recent government estimates; this decrease is partially offset by increases in Pakistan, the United States, and other countries. The increase in world consumption is based on higher estimated mill use in Turkey. With larger consumption fueling import requirements, world trade is raised 1.3 percent, mainly in the United States and Pakistan. Ending stocks for 1999/2000 are projected at 39.9 million bales, which would be the lowest in 3 years. Approved by the Secretary of Agriculture and the World Agricultural Outlook Board, Gerald A. Bange, Chairperson, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. Committee members are listed on page 5. APPROVED: RICHARD E.ROMINGER ACTING SECRETARY OF AGRICULTURE * * * * * * * * * * * The next issue of this report will be released 8:30 a.m. ET on February 11, 2000. The World Agricultural Supply and Demand Estimates report will be released on the following dates in 2000: Jan.12, Feb.11, Mar.10, Apr.11, May 12, June 9, July 12, Aug.11, Sept.12, Oct.12, Nov.9, and Dec.12. ELECTRONIC ACCESS AND SUBSCRIPTIONS Download this report in ascii text or pdf (Adobe Acrobat) format at ww.usda.gov/oce/waob/wasde/wasde.htm. Acrobat files can be viewed or printed in their original form, page by page. This report and other USDA releases are posted electronically by release date at www.usda.gov/news/calindex.htm. To view a report, click the month of release, then the report title. 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WASDE-358-6 World and U.S. Supply and Use for Grains 1/ Million Metric Tons =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : World Total grains 3/ : 1997/98 : 1,879.26 2,174.29 250.83 1,843.97 330.32 1998/99 (Est.) : 1,870.92 2,201.23 255.34 1,854.35 346.88 1999/00 (Proj.) : December : 1,856.56 2,203.80 259.74 1,858.44 345.36 January : 1,854.66 2,201.55 260.96 1,864.35 337.20 Wheat : 1997/98 : 609.33 724.37 123.99 585.15 139.21 1998/99 (Est.) : 588.67 727.88 120.71 591.87 136.01 1999/00 (Proj.) : December : 584.16 720.16 125.59 589.02 131.14 January : 584.45 720.46 126.19 591.08 129.38 Coarse grains 4/ : 1997/98 : 883.28 1,011.98 99.93 875.54 136.44 1998/99 (Est.) : 890.48 1,026.92 107.77 873.17 153.75 1999/00 (Proj.) : December : 876.47 1,030.34 110.47 874.81 155.53 January : 873.71 1,027.46 110.79 878.45 149.00 Rice, milled : 1997/98 : 386.65 437.94 26.92 383.27 54.67 1998/99 (Est.) : 391.77 446.43 26.86 389.30 57.13 1999/00 (Proj.) : December : 395.93 453.30 23.67 394.61 58.68 January : 396.51 453.64 23.98 394.82 58.82 : : United States Total grains 3/ : 1997/98 : 333.71 379.47 76.30 244.48 58.69 1998/99 (Est.) : 346.71 411.61 86.99 246.81 77.81 1999/00 (Proj.) : December : 335.66 419.55 86.85 246.70 86.00 January : 332.67 416.30 88.03 251.60 76.67 Wheat : 1997/98 : 67.53 82.19 28.32 34.21 19.66 1998/99 (Est.) : 69.33 91.79 28.36 37.69 25.74 1999/00 (Proj.) : December : 62.81 91.28 29.26 34.07 27.95 January : 62.66 91.13 29.26 35.41 26.46 Coarse grains 4/ : 1997/98 : 260.43 290.37 45.25 206.97 38.15 1998/99 (Est.) : 271.47 312.70 55.95 205.38 51.37 1999/00 (Proj.) : December : 265.94 320.30 54.91 208.94 56.44 January : 263.38 317.50 56.18 212.51 48.80 Rice, milled : 1997/98 : 5.75 6.91 2.73 3.30 0.88 1998/99 (Est.) : 5.91 7.12 2.68 3.75 0.69 1999/00 (Proj.) : December : 6.91 7.97 2.68 3.68 1.61 January : 6.64 7.67 2.59 3.68 1.41 =============================================================================== 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-358-7 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : Foreign 3/ Total grains 4/ : 1997/98 : 1,545.55 1,794.81 174.53 1,599.49 271.63 1998/99 (Est.) : 1,524.20 1,789.62 168.35 1,607.53 269.07 1999/00 (Proj.) : December : 1,520.90 1,784.25 172.89 1,611.74 259.35 January : 1,521.99 1,785.25 172.94 1,612.75 260.53 Wheat : 1997/98 : 541.80 642.18 95.68 550.94 119.55 1998/99 (Est.) : 519.34 636.09 92.35 554.18 110.26 1999/00 (Proj.) : December : 521.35 628.88 96.34 554.94 103.20 January : 521.79 629.33 96.94 555.67 102.92 Coarse grains 5/ : 1997/98 : 622.86 721.61 54.67 668.57 98.29 1998/99 (Est.) : 619.01 714.22 51.83 667.79 102.37 1999/00 (Proj.) : December : 610.53 710.04 55.56 665.87 99.09 January : 610.33 709.96 54.61 665.94 100.20 Rice, milled : 1997/98 : 380.90 431.03 24.18 379.97 53.79 1998/99 (Est.) : 385.85 439.31 24.18 385.55 56.44 1999/00 (Proj.) : December : 389.01 445.32 21.00 390.93 57.07 January : 389.87 445.97 21.40 391.14 57.41 =============================================================================== 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 1997/98 : 91.63 129.82 26.65 88.39 40.77 1998/99 (Est.) : 84.54 125.31 23.65 85.22 41.74 1999/00 (Proj.) : December : 87.38 129.04 26.14 87.89 41.15 January : 86.36 128.10 26.48 88.19 39.87 : United States 1997/98 : 18.79 22.78 7.50 11.35 3.89 1998/99 (Est.) : 13.92 18.25 4.34 10.40 3.94 1999/00 (Proj.) : December : 16.88 20.89 6.20 10.20 4.50 January : 16.95 20.97 6.40 10.20 4.40 : Foreign 3/ 1997/98 : 72.84 107.04 19.15 77.04 36.89 1998/99 (Est.) : 70.62 107.06 19.30 74.82 37.80 1999/00 (Proj.) : December : 70.51 108.15 19.94 77.69 36.65 January : 69.41 107.13 20.08 77.99 35.47 =============================================================================== 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-358-8 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade : Use 2/ : Stocks =============================================================================== : : World Oilseeds : 1997/98 : 286.97 304.07 53.80 227.49 24.80 1998/99 (Est.) : 292.67 317.47 54.65 237.59 27.79 1999/00 (Proj.) : December : 296.92 325.20 57.09 246.24 27.62 January : 295.60 323.39 57.08 245.01 26.79 Oilmeals : 1997/98 : 155.13 160.99 51.84 155.34 5.82 1998/99 (Est.) : 162.69 168.51 54.36 162.47 6.38 1999/00 (Proj.) : December : 168.19 174.54 55.88 167.88 6.03 January : 167.34 173.72 55.76 167.40 6.00 Vegetable Oils : 1997/98 : 76.57 84.01 29.85 75.98 7.19 1998/99 (Est.) : 81.69 88.88 31.15 80.61 8.03 1999/00 (Proj.) : December : 85.61 93.58 32.34 84.75 7.93 January : 85.57 93.60 31.99 84.92 8.27 : : United States Oilseeds : 1997/98 : 83.10 88.42 24.52 48.89 6.44 1998/99 (Est.) : 84.36 91.49 22.63 47.81 10.78 1999/00 (Proj.) : December : 83.28 94.58 24.55 48.95 12.05 January : 82.10 93.48 24.44 48.64 11.21 Oilmeals : 1997/98 : 37.42 39.01 8.70 30.01 0.30 1998/99 (Est.) : 36.81 38.34 6.71 31.30 0.33 1999/00 (Proj.) : December : 37.50 39.26 6.96 32.02 0.28 January : 37.28 38.98 6.69 32.02 0.28 Vegetable Oils : 1997/98 : 9.60 12.22 2.13 9.10 0.99 1998/99 (Est.) : 9.54 11.97 1.74 9.22 1.01 1999/00 (Proj.) : December : 9.68 12.32 1.51 9.53 1.28 January : 9.59 12.24 1.44 9.52 1.28 : : Foreign 3/ Oilseeds : 1997/98 : 203.88 215.65 29.28 178.60 18.36 1998/99 (Est.) : 208.30 225.97 32.02 189.77 17.01 1999/00 (Proj.) : December : 213.63 230.62 32.54 197.30 15.57 January : 213.50 229.91 32.64 196.36 15.58 Oilmeals : 1997/98 : 117.70 121.98 43.14 125.33 5.52 1998/99 (Est.) : 125.88 130.16 47.64 131.17 6.05 1999/00 (Proj.) : December : 130.69 135.29 48.92 135.86 5.75 January : 130.06 134.74 49.07 135.38 5.72 Vegetable Oils : 1997/98 : 66.97 71.80 27.72 66.89 6.20 1998/99 (Est.) : 72.16 76.91 29.41 71.39 7.02 1999/00 (Proj.) : December : 75.93 81.27 30.83 75.23 6.65 January : 75.98 81.36 30.55 75.40 6.99 =============================================================================== 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-358-9 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :============================== : : Est. : December January =============================================================================== Area : Million acres Planted : 70.4 65.8 63.0 62.8 Harvested : 62.8 59.0 54.1 53.9 Yield per harvested : Bushels acre : 39.5 43.2 42.7 42.7 : Million bushels Beginning stocks : 444 722 946 946 Production : 2,481 2,547 2,308 2,302 Imports : 95 103 100 100 Supply, total : 3,020 3,373 3,354 3,348 Food : 914 908 910 910 Seed : 92 81 92 91 Feed and residual : 251 397 250 300 Domestic, total : 1,257 1,385 1,252 1,301 Exports : 1,040 1,042 1,075 1,075 Use, total : 2,298 2,427 2,327 2,376 Ending stocks : 722 946 1,027 972 CCC inventory : 94 128 100 100 Free stocks : 628 818 927 872 Avg. farm price ($/bu) 2/ : 3.38 2.65 2.45- 2.55 2.50- 2.60 =============================================================================== U.S. Wheat by Class: Supply and Use =============================================================================== Year beginning : Hard : Hard : Soft : : : June 1 : Winter : Spring : Red : White : Durum : Total =============================================================================== 1998/99 (estimated) : Million bushels Beginning stocks : 307 220 80 90 26 722 Production : 1,179 486 443 301 138 2,547 Supply, total 3/ : 1,487 765 523 401 197 3,373 Domestic use : 600 287 284 116 98 1,385 Exports : 452 245 103 198 44 1,042 Use, total : 1,052 532 387 314 143 2,427 Ending stocks, total : 435 233 136 87 55 946 : 1999/00 (projected) : Beginning stocks : 435 233 136 87 55 946 Production : 1,055 448 453 247 99 2,302 Supply, total 3/ : 1,491 738 589 341 189 3,348 Domestic use : 534 304 283 96 84 1,301 Exports : 510 230 145 150 40 1,075 Use, total : 1,044 534 428 246 124 2,376 Ending stocks, total : January : 447 203 162 94 66 972 December : 457 225 184 94 66 1,027 =============================================================================== 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-358-10 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :============================== : : Est. : December January =============================================================================== FEED GRAINS : Area : Million acres Planted : 101.4 101.0 96.8 96.6 Harvested : 90.8 88.9 86.6 86.3 Yield per harvested : Metric tons acre : 2.87 3.05 3.07 3.05 : Million metric tons Beginning stocks : 27.0 38.1 51.5 51.3 Production : 260.2 271.2 265.7 263.1 Imports : 2.8 3.0 2.6 2.6 Supply, total : 290.0 312.3 319.9 317.1 Feed and residual : 154.8 152.5 154.3 157.3 Food, seed & industrial : 51.8 52.5 54.3 54.8 Domestic, total : 206.6 205.0 208.5 212.1 Exports : 45.3 55.9 54.9 56.2 Use, total : 251.9 261.0 263.5 268.3 Ending stocks, total : 38.1 51.3 56.4 48.8 CCC inventory : 0.1 0.3 0.4 0.4 Free stocks : 38.0 51.0 56.0 48.3 Outstanding loans : 8.5 10.3 11.7 9.1 : CORN : Area : Million acres Planted : 79.5 80.2 77.6 77.4 Harvested : 72.7 72.6 70.9 70.5 Yield per harvested : Bushels acre : 126.7 134.4 134.5 133.8 : Million bushels Beginning stocks : 883 1,308 1,796 1,787 Production : 9,207 9,759 9,537 9,437 Imports : 9 19 15 15 Supply, total : 10,099 11,085 11,349 11,239 Feed and residual : 5,505 5,496 5,550 5,650 Food, seed & industrial : 1,782 1,822 1,880 1,900 Domestic, total : 7,287 7,318 7,430 7,550 Exports : 1,504 1,981 1,925 1,975 Use, total : 8,791 9,298 9,355 9,525 Ending stocks, total : 1,308 1,787 1,994 1,714 CCC inventory : 4 12 15 15 Free stocks : 1,304 1,775 1,979 1,699 Outstanding loans : 310 391 450 350 Avg. farm price ($/bu) 2/ : 2.43 1.94 1.60- 2.00 1.70- 2.10 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. WASDE-358-11 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :============================== : : Est. : December January =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 10.1 9.6 9.3 9.3 Area harv. (mil. acres) : 9.2 7.7 8.5 8.5 Yield (bushels/acre) : 69.2 67.3 70.1 69.7 Beginning stocks : 47 49 65 65 Production : 634 520 596 595 Imports : 0 0 0 0 Supply, total : 681 569 661 660 Feed and residual : 365 262 315 340 Food, seed & industrial : 55 45 55 55 Total domestic : 420 307 370 395 Exports : 212 197 210 210 Use, total : 632 504 580 605 Ending stocks, total : 49 65 81 55 Avg. farm price ($/bu) 2/ : 2.21 1.66 1.35- 1.75 1.45- 1.85 : BARLEY : Area planted (mil. acres) : 6.7 6.3 5.2 5.2 Area harv. (mil. acres) : 6.2 5.9 4.8 4.8 Yield (bushels/acre) : 58.1 60.0 59.2 59.2 Beginning stocks : 109 119 142 142 Production : 360 352 282 282 Imports : 40 30 25 25 Supply, total : 510 501 449 449 Feed and residual : 144 161 120 125 Food, seed & industrial : 172 170 172 172 Total domestic : 316 331 292 297 Exports : 74 28 30 30 Use, total : 390 360 322 327 Ending stocks, total : 119 142 127 122 Avg. farm price ($/bu) 2/ : 2.38 1.98 1.90- 2.20 1.95- 2.15 : OATS : Area planted (mil. acres) : 5.1 4.9 4.7 4.7 Area harv. (mil. acres) : 2.8 2.8 2.5 2.5 Yield (bushels/acre) : 59.5 60.2 59.7 59.6 Beginning stocks : 67 74 81 81 Production : 167 166 147 146 Imports : 98 108 100 100 Supply, total : 332 348 328 328 Feed and residual : 161 170 165 150 Food, seed & industrial : 95 95 96 96 Total domestic : 256 265 261 246 Exports : 2 2 2 2 Use, total : 258 266 263 248 Ending stocks, total : 74 81 65 80 Avg. farm price ($/bu) 2/ : 1.60 1.10 1.05- 1.15 1.05- 1.15 =============================================================================== 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-358-12 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :============================== : : Est. : December January =============================================================================== TOTAL : Area : Million acres Planted : 3.13 3.35 3.60 3.58 Harvested : 3.10 3.32 3.57 3.56 Yield per harvested : Pounds acre : 5,897 5,669 5,929 5,908 : Million hundredweight Beginning stocks 2/ : 27.2 27.9 22.0 22.1 Production : 183.0 188.1 211.7 210.5 Imports : 9.2 10.5 10.8 10.8 Supply, total : 219.4 226.5 244.4 243.3 Domestic & residual 3/ : 104.6 119.1 113.0 116.7 Exports, total 4/ : 86.9 85.3 82.0 82.0 Rough : 26.1 25.8 16.0 20.0 Milled (rough equiv.) : 60.8 59.6 66.0 62.0 Use, total : 191.5 204.4 195.0 198.7 Ending stocks : 27.9 22.1 49.4 44.6 Avg. farm price ($/cwt) 5/ : 9.70 8.83 5.50- 6.00 5.75- 6.25 : LONG GRAIN : Harvested acres (mil.) : 2.31 2.61 2.74 Yield (pounds/acre) : 5,391 5,430 5,629 Beginning stocks : 14.1 14.5 13.9 14.1 Production : 124.5 141.6 152.0 154.1 Supply, total 6/ : 146.6 164.7 175.5 177.7 Domestic & Residual 3/ : 60.5 79.9 73.0 76.7 Exports 7/ : 71.6 70.7 66.0 65.5 Use, total : 132.1 150.6 139.0 142.2 Ending stocks : 14.5 14.1 36.5 35.5 : : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.79 0.71 0.82 Yield (pounds/acre) : 7,369 6,548 6,835 Beginning stocks : 12.1 12.3 6.9 6.8 Production : 58.5 46.4 59.7 56.3 Supply, total 6/ : 71.7 60.7 67.8 64.3 Domestic & Residual 3/ : 44.1 39.2 40.0 40.0 Exports 7/ : 15.4 14.6 16.0 16.5 Use, total : 59.4 53.9 56.0 56.5 Ending stocks : 12.3 6.8 11.8 7.8 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. Average milling yield used by year (in percent): 1997/98-69.3; 1998/99-69.3; 1999/00-69.5. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 1997/98-1.0; 1998/99-1.0; 1999/00-1.2. 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/ Marketing-year weighted average price received by farmers. 6/ Includes imports. 7/ Exports by type of rice are estimated. WASDE-358-13 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :=============================== : : Est. : December January =============================================================================== SOYBEANS: : Million acres Area : Planted : 70.0 72.0 74.1 73.8 Harvested : 69.1 70.4 72.8 72.5 : : Bushels Yield per harvested : acre : 38.9 38.9 36.7 36.5 : : Million bushels : Beginning stocks : 132 200 348 348 Production : 2,689 2,741 2,673 2,643 Imports : 5 3 3 3 Supply, total : 2,826 2,944 3,024 2,994 Crushings : 1,597 1,590 1,610 1,605 Exports : 873 801 865 865 Seed : 86 89 90 90 Residual : 70 116 64 69 Use, total : 2,626 2,595 2,629 2,629 Ending stocks : 200 348 395 365 Avg. farm price ($/bu) 2/ : 6.47 4.93 4.45- 4.95 4.50 - 5.00 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 1,520 1,382 1,520 1,520 Production : 18,143 18,081 _3/ 18,115 18,055 Imports : 60 82 80 80 Supply, total : 19,723 19,546 19,715 19,655 Domestic : 15,262 15,655 15,800 15,800 Exports : 3,079 2,372 1,800 1,750 Use, total : 18,341 18,027 17,600 17,550 Ending stocks : 1,382 1,520 2,115 2,105 Average price (c/lb) 2/ : 25.84 19.90 15.00- 15.00- : 17.50 17.00 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 210 218 330 330 Production : 38,176 37,792 _3/ 38,270 38,120 Imports : 56 99 50 50 Supply, total : 38,443 38,109 38,650 38,500 Domestic : 28,895 30,662 31,000 31,150 Exports : 9,329 7,117 7,400 7,100 Use, total : 38,225 37,779 38,400 38,250 Ending stocks : 218 330 250 250 Average price ($/s.t.) 2/ : 185.54 138.50 140.00- 140.00- : 165.00 165.00 =============================================================================== Note: Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; for oil, simple average of crude soybean oil, Decatur; for meal, simple average of 48 percent, Decatur. 3/ Based on October year crush estimate of 1,599.6 million bushels. WASDE-358-14 U.S. Sugar Supply and Use 1/ ====================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :====================== : : Estimate : December January ====================================================================== : 1,000 short tons, raw value Beginning stocks 2/ : 1,488 1,679 1,639 1,639 Production 2/3/ : 8,020 8,374 8,745 8,750 Beet sugar : 4,389 4,423 4,650 4,725 Cane sugar 4/ : 3,631 3,951 4,095 4,025 Imports 2/ : 2,163 1,820 1,795 1,795 TRQ 5/ : 1,729 1,252 1,225 1,225 Other 6/ : 434 568 570 570 Total supply : 11,671 11,873 12,179 12,184 : Exports 2/7/ : 179 230 175 250 Domestic deliveries 2/ : 9,815 10,066 10,250 10,250 Domestic food use : 9,672 9,872 10,053 10,053 Other 8/ : 143 194 197 197 Miscellaneous 9/ : (2) (62) 0 0 Use, total : 9,992 10,234 10,425 10,500 Ending stocks 2/ : 1,679 1,639 1,754 1,684 : Stocks to use ratio : 16.8 16.0 16.8 16.0 ====================================================================== 1/ Fiscal years beginning Oct 1. Includes Puerto Rico. 2/ Historical data are from FSA, "Sweetener Market Data" except imports from U.S. Customs Service. 3/ Projections for 1999/2000 are based on January Crop Production and analyses by the Interagency Commodity Estimates Committee for sugar. 4/ Production by state for 1998/99 (projected 1999/2000): FL 2,132 (1,965); HI 384 (360); LA 1,327 (1,600); TX 106 (95); PR 3 (5). 5/ Actual arrivals under the tariff rate quota (TRQ) with late entries, early entries, and TRQ overfills assigned to the fiscal year in which they actually arrived. The 1999/2000 available TRQ includes projected shortfall of 65,000 tons. 6/ Quota exempt imports (for reexport, for polyhydric alcohol, sugar syrup under USHTS 1702904000, and high-duty). 7/ Mostly reexports. 8/ Transfer to sugar containing products for reexport, for nonedible alcohol, and feed. 9/ Residual. METRIC CONVERSION FACTORS 1 Hectare = 2.4710 Acres 1 Kilogram = 2.205 Pounds --------------------------------------------------------------------- 1 Metric Ton : = Domestic Unit * Factor --------------------------------------------------------------------- Wheat & Soybeans : = bushels * .027216 Rice : = cwt * .045359 Rapeseed & Sunflowerseed : = cwt * .045359 Corn, Sorghum & Rye : = bushels * .025401 Barley : = bushels * .021772 Oats : = bushels * .014515 Sugar : = short tons * .907185 Cotton : = 480-lb bales * .217720 --------------------------------------------------------------------- WASDE-358-15 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :=============================== : : Est. : December January =============================================================================== : Million acres Area : Planted : 13.90 13.39 14.60 14.86 Harvested : 13.41 10.68 13.41 13.38 : : Pounds Yield per harvested : acre : 673 625 604 608 : : Million 480 pound bales : Beginning stocks 2/ : 3.97 3.89 3.94 3.94 Production : 18.79 13.92 16.88 16.95 Imports : 0.01 0.44 0.08 0.08 Supply, total : 22.78 18.25 20.89 20.97 Domestic use : 11.35 10.40 10.20 10.20 Exports : 7.50 4.34 6.20 6.40 Use, total : 18.85 14.75 16.40 16.60 Unaccounted 3/ : 0.04 -0.44 -0.01 -0.03 Ending stocks : 3.89 3.94 4.50 4.40 : Avg. farm price 4/ : 65.2 60.2 46.0 5/ =============================================================================== Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Based on Bureau of Census data. 3/ Reflects the difference between the previous season's supply less total use and ending stocks based on Bureau of Census data. 4/ Cents per pound for upland cotton. 5/ Weighted average for August-November 1999; USDA is prohibited by law from publishing cotton price projections. =============================================================================== Note: Public Law 106-78, signed October 22, 1999, requires the Secretary of Agriculture to estimate and report the U.S. upland cotton season-ending stocks-to-use ratio, excluding projected raw cotton imports but including the quantity of raw cotton imports that has been imported during the marketing year. Pursuant to this requirement, the estimated ratio for 1999/2000 is 25.5 percent. WASDE-358-16 World Wheat Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 1997/98 : World 3/ : 115.04 609.33 124.31 103.97 585.15 123.99 139.21 United States : 12.07 67.53 2.58 6.82 34.21 28.32 19.66 Total foreign : 102.97 541.80 121.73 97.15 550.94 95.68 119.55 Major exporters 4/ : 27.00 152.68 25.98 48.02 99.65 82.18 23.83 Argentina : 0.80 14.80 0.03 0.35 4.55 10.67 0.42 Australia : 2.40 19.42 0.04 2.76 5.16 15.34 1.35 Canada : 9.05 24.28 0.13 3.35 7.31 20.13 6.01 EU-15 : 14.76 94.18 25.78 41.57 82.64 36.03 16.05 Major importers 5/ : 40.02 187.20 38.07 17.97 210.35 4.52 50.41 Brazil : 0.58 2.38 6.27 0.00 8.68 0.00 0.54 China : 24.17 123.30 1.91 5.00 114.88 1.14 33.37 East. Europe : 6.41 34.35 1.84 11.36 32.03 2.91 7.66 N. Africa : 5.12 9.95 17.72 0.31 28.29 0.09 4.41 Pakistan : 2.70 16.65 4.13 0.35 20.26 0.01 3.21 Selected other : India : 7.00 69.35 1.73 0.35 68.00 0.00 10.08 FSU-12 6/ : 7.52 80.34 6.62 24.90 72.98 5.74 15.76 Russia : 1.65 44.20 3.03 16.40 39.94 0.86 8.08 Kazakstan : 2.22 8.95 0.01 1.20 4.82 3.38 2.99 : : 1998/99 (Estimated) : World 3/ : 139.21 588.67 119.98 107.25 591.87 120.71 136.01 United States : 19.66 69.33 2.80 10.79 37.69 28.36 25.74 Total foreign : 119.55 519.34 117.18 96.46 554.18 92.35 110.26 Major exporters 4/ : 23.83 161.23 24.56 52.34 103.74 75.36 30.52 Argentina : 0.42 12.00 0.03 0.10 3.95 8.20 0.30 Australia : 1.35 22.11 0.03 2.79 5.09 16.00 2.40 Canada : 6.01 24.08 0.20 4.22 8.22 14.71 7.37 EU-15 : 16.05 103.05 24.31 45.24 86.50 36.46 20.45 Major importers 5/ : 50.41 179.11 36.18 19.37 214.93 4.65 46.13 Brazil : 0.54 2.20 7.00 0.20 9.20 0.00 0.54 China : 33.37 109.73 1.00 5.00 116.00 0.26 27.84 East. Europe : 7.66 33.74 2.10 12.51 33.04 3.90 6.55 N. Africa : 4.41 14.18 17.00 0.31 29.15 0.09 6.36 Pakistan : 3.21 18.69 3.20 0.40 21.25 0.00 3.85 Selected other : India : 10.08 65.91 1.99 0.35 67.34 0.00 10.64 FSU-12 6/ : 15.76 56.04 5.68 17.77 64.57 7.72 5.19 Russia : 8.08 26.90 2.50 11.15 35.15 1.20 1.13 Kazakstan : 2.99 4.70 0.00 1.30 4.70 2.07 0.92 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada and the EU-15 (includes intra-trade). 5/ Algeria, Brazil, China, Eastern Europe, Egypt, Japan, Libya, Morocco, Pakistan, and Tunisia. 6/ Includes imports and exports among the nations of the former USSR. Former USSR excluding the Baltic States. WASDE-358-17 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 1999/00 (Projected) World 3/ : December : 136.00 584.16 124.08 100.99 589.02 125.59 131.14 January : 136.01 584.45 124.86 102.50 591.08 126.19 129.38 United States : December : 25.74 62.81 2.72 6.80 34.07 29.26 27.95 January : 25.74 62.66 2.72 8.17 35.41 29.26 26.46 Total foreign : December : 110.25 521.35 121.36 94.18 554.94 96.34 103.20 January : 110.26 521.79 122.14 94.33 555.67 96.94 102.92 Major exporters 4/ : December : 30.51 160.91 25.50 54.73 106.40 84.20 26.32 January : 30.52 160.99 25.50 54.88 106.55 84.20 26.26 Argentina Dec : 0.30 14.50 0.03 0.30 4.50 10.00 0.33 Jan : 0.30 14.50 0.03 0.30 4.50 10.00 0.33 Australia Dec : 2.40 23.00 0.03 2.80 5.10 18.00 2.33 Jan : 2.40 23.00 0.03 2.80 5.10 18.00 2.33 Canada Dec : 7.37 26.85 0.20 4.50 8.50 18.50 7.42 Jan : 7.37 26.85 0.20 4.50 8.50 18.50 7.42 EU-15 Dec : 20.44 96.56 25.25 47.13 88.30 37.70 16.25 Jan : 20.45 96.64 25.25 47.28 88.45 37.70 16.20 Major importers 5/ : December : 46.13 175.74 35.60 17.11 213.67 3.21 40.60 January : 46.13 176.09 35.30 17.11 213.81 3.31 40.40 Brazil Dec : 0.54 2.20 7.00 0.10 9.20 0.00 0.54 Jan : 0.54 2.35 7.00 0.10 9.35 0.00 0.54 China Dec : 27.84 115.00 1.00 5.00 117.00 0.50 26.34 Jan : 27.84 115.00 0.70 5.00 117.00 0.50 26.04 East. Europe Dec : 6.55 28.73 2.30 10.35 30.52 2.23 4.83 Jan : 6.55 28.93 2.30 10.35 30.52 2.33 4.93 N. Africa Dec : 6.36 11.36 16.40 0.31 29.20 0.09 4.84 Jan : 6.36 11.36 16.40 0.31 29.20 0.09 4.84 Pakistan Dec : 3.85 17.85 3.00 0.40 21.55 0.00 3.16 Jan : 3.85 17.85 3.00 0.40 21.55 0.00 3.16 Selected other : India Dec : 10.64 71.50 1.70 0.35 69.25 0.20 14.39 Jan : 10.64 71.50 1.70 0.35 69.25 0.20 14.39 FSU-12 6/ Dec : 5.19 64.43 6.73 15.83 62.31 6.10 7.93 Jan : 5.19 64.43 7.43 16.33 63.01 6.80 7.23 Russia Dec : 1.13 30.50 3.00 9.30 33.30 0.30 1.03 Jan : 1.13 30.50 3.50 9.80 33.80 0.30 1.03 Kazakstan Dec : 0.92 11.00 0.00 1.80 4.89 3.30 3.73 Jan : 0.92 11.00 0.00 1.80 4.89 4.00 3.03 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada and the EU-15 (includes intra-trade). 5/ Algeria, Brazil, China, Eastern Europe, Egypt, Japan, Libya, Morocco, Pakistan, and Tunisia. 6/ Includes imports and exports among the nations of the former USSR. Former USSR excluding the Baltic States. WASDE-358-18 World Coarse Grain Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 1997/98 : World 3/ : 128.70 883.28 99.01 583.19 875.54 99.93 136.44 United States : 27.01 260.43 2.94 154.98 206.97 45.25 38.15 Total foreign : 101.69 622.86 96.07 428.21 668.57 54.67 98.29 Major exporters 4/ : 9.07 67.35 1.87 36.76 46.97 22.06 9.26 Argentina : 1.11 24.67 0.07 7.72 9.85 13.70 2.30 Australia : 0.67 9.52 0.00 4.49 5.72 3.34 1.14 Canada : 4.85 25.12 1.52 19.96 23.46 3.75 4.27 Major importers 5/ : 27.81 207.27 63.01 173.26 235.57 21.98 40.54 EU-15 : 12.21 109.43 16.38 74.50 97.82 17.99 22.21 East. Europe : 5.17 58.97 1.21 41.71 53.27 3.02 9.05 Japan : 2.12 0.20 20.98 16.24 20.66 0.00 2.64 Mexico : 3.70 23.11 7.98 16.34 31.58 0.36 2.85 Southeast Asia : 1.24 13.18 3.29 11.46 16.15 0.61 0.94 South Korea : 0.86 0.35 7.60 6.06 8.31 0.00 0.50 Selected other : China : 46.54 114.65 1.54 93.83 129.43 6.20 27.10 FSU-12 6/ : 3.17 67.86 0.47 36.39 56.34 3.06 12.09 Russia : 1.20 40.85 0.29 21.65 33.50 1.57 7.27 Ukraine : 1.13 15.46 0.01 6.82 12.21 1.12 3.26 : : 1998/99 (Estimated) : World 3/ : 136.44 890.48 108.27 577.10 873.17 107.77 153.75 United States : 38.15 271.47 3.07 152.63 205.38 55.95 51.37 Total foreign : 98.28 619.01 105.20 424.47 667.79 51.83 102.37 Major exporters 4/ : 9.26 61.42 1.89 36.92 46.71 17.10 8.77 Argentina : 2.30 17.74 0.05 7.90 10.00 8.48 1.62 Australia : 1.14 9.60 0.00 4.53 5.37 4.72 0.66 Canada : 4.27 26.57 0.83 19.93 23.37 3.21 5.09 Major importers 5/ : 40.53 199.62 64.93 174.35 238.22 27.46 39.40 EU-15 : 22.21 105.42 17.07 73.58 97.10 24.25 23.35 East. Europe : 9.05 51.12 1.54 40.96 52.36 2.92 6.44 Japan : 2.64 0.15 20.68 16.39 21.03 0.00 2.44 Mexico : 2.85 24.54 9.12 17.55 33.66 0.05 2.80 Southeast Asia : 0.94 15.94 3.23 13.10 18.21 0.25 1.65 South Korea : 0.50 0.49 7.75 6.05 8.25 0.00 0.48 Selected other : China : 27.10 145.10 2.77 95.95 131.50 3.35 40.12 FSU-12 6/ : 12.09 37.84 1.48 25.96 45.00 1.88 4.53 Russia : 7.27 18.95 1.40 13.70 25.65 0.20 1.77 Ukraine : 3.26 10.45 0.00 5.93 11.02 1.11 1.59 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and South Africa. 5/ Eastern Europe, the EU-15 (includes intra-trade), Non-EU Western Europe, Mexico, Japan, South Korea, Taiwan, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). 6/ Includes imports and exports among the nations of the former USSR. Former USSR excluding the Baltic States. WASDE-358-19 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 1999/00 (Projected) World 3/ : December : 153.87 876.47 106.72 577.61 874.81 110.47 155.53 January : 153.75 873.71 107.82 581.13 878.45 110.79 149.00 United States : December : 51.61 265.94 2.75 154.41 208.94 54.91 56.44 January : 51.37 263.38 2.75 157.48 212.51 56.18 48.80 Total foreign : December : 102.26 610.53 103.97 423.21 665.87 55.56 99.09 January : 102.37 610.33 105.07 423.65 665.94 54.61 100.20 Major exporters 4/ : December : 8.77 63.57 1.35 36.85 47.08 18.12 8.49 January : 8.77 63.57 1.35 36.85 47.28 17.92 8.49 Argentina Dec : 1.62 19.90 0.05 8.10 10.11 9.88 1.58 Jan : 1.62 19.90 0.05 8.10 10.41 9.58 1.58 Australia Dec : 0.66 8.01 0.00 4.01 4.89 3.12 0.66 Jan : 0.66 8.01 0.00 4.01 4.89 3.12 0.66 Canada Dec : 5.09 26.77 1.05 20.30 24.03 4.03 4.85 Jan : 5.09 26.77 1.05 20.30 23.93 4.13 4.85 Major importers 5/ : December : 39.40 197.55 64.50 175.12 237.39 29.21 34.85 January : 39.40 198.35 65.00 175.57 238.09 28.46 36.20 EU-15 Dec : 23.35 102.43 16.88 73.01 96.65 25.69 20.32 Jan : 23.35 103.23 16.78 73.11 96.75 24.94 21.67 East. Europe Dec : 6.44 51.33 1.33 39.43 50.34 3.22 5.54 Jan : 6.44 51.33 1.33 39.43 50.34 3.22 5.54 Japan Dec : 2.44 0.16 20.39 16.19 20.69 0.00 2.30 Jan : 2.44 0.16 20.44 16.24 20.74 0.00 2.30 Mexico Dec : 2.80 26.18 8.28 18.80 34.25 0.05 2.95 Jan : 2.80 26.18 8.58 19.10 34.55 0.05 2.95 Southeast Asia Dec : 1.65 15.06 3.55 13.94 18.67 0.25 1.34 Jan : 1.65 15.06 3.55 13.94 18.67 0.25 1.34 South Korea Dec : 0.48 0.49 8.66 6.91 9.11 0.00 0.52 Jan : 0.48 0.49 8.91 6.91 9.36 0.00 0.52 Selected other : China Dec : 40.12 139.10 3.05 97.97 134.32 5.03 42.92 Jan : 40.12 139.10 2.95 97.87 134.22 5.03 42.92 FSU-12 6/ Dec : 4.53 41.07 1.34 23.46 40.65 2.04 4.25 Jan : 4.53 41.07 1.34 23.36 40.65 2.04 4.25 Russia Dec : 1.77 22.40 1.15 12.10 24.25 0.25 0.82 Jan : 1.77 22.40 1.15 12.10 24.25 0.25 0.82 Ukraine Dec : 1.59 9.70 0.00 5.68 8.97 1.01 1.31 Jan : 1.59 9.70 0.00 5.68 8.97 1.01 1.31 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and South Africa. 5/ Eastern Europe, the EU-15 (includes intra-trade), Non-EU Western Europe, Mexico, Japan, South Korea, Taiwan, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). 6/ Includes imports and exports among the nations of the former USSR. Former USSR excluding the Baltic States. WASDE-358-20 World Corn Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 1997/98 : World 3/ : 92.94 575.31 71.13 407.95 581.47 71.55 86.78 United States : 22.43 233.86 0.22 139.83 185.09 38.21 33.22 Total foreign : 70.51 341.45 70.90 268.12 396.38 33.34 53.56 Major exporters 4/ : 3.20 26.90 0.10 9.04 13.64 13.47 3.09 Argentina : 0.75 19.36 0.00 4.80 6.35 12.22 1.54 South Africa : 2.45 7.54 0.10 4.24 7.29 1.25 1.55 Major importers 5/ : 13.61 101.20 47.31 94.95 132.87 12.47 16.78 EU-15 : 3.28 38.52 10.22 30.74 38.87 8.81 4.34 Japan : 0.93 0.00 16.42 11.80 15.90 0.00 1.45 Mexico : 2.45 16.93 4.38 7.15 21.90 0.36 1.50 Southeast Asia : 1.24 12.98 3.28 11.27 15.95 0.61 0.94 South Korea : 0.86 0.09 7.53 6.05 7.98 0.00 0.50 Selected other : China : 45.00 104.30 0.29 91.00 117.41 6.17 26.00 FSU-12 6/ : 0.97 10.66 0.23 5.40 8.52 0.66 2.68 Russia : 0.16 2.70 0.12 1.46 2.40 0.02 0.56 : : 1998/99 (Estimated) : World 3/ : 86.78 605.08 76.06 408.98 583.42 75.25 108.44 United States : 33.22 247.88 0.48 139.60 185.88 50.31 45.39 Total foreign : 53.56 357.20 75.58 269.38 397.54 24.94 63.05 Major exporters 4/ : 3.09 20.60 0.85 9.25 13.90 8.50 2.14 Argentina : 1.54 13.50 0.00 4.90 6.50 7.80 0.74 South Africa : 1.55 7.10 0.85 4.35 7.40 0.70 1.40 Major importers 5/ : 16.78 94.15 49.61 94.80 134.16 11.36 15.03 EU-15 : 4.34 35.04 11.16 29.92 38.04 8.61 3.89 Japan : 1.45 0.00 16.34 12.10 16.44 0.00 1.36 Mexico : 1.50 17.60 5.61 7.51 23.01 0.05 1.65 Southeast Asia : 0.94 15.74 3.23 12.91 18.01 0.25 1.65 South Korea : 0.50 0.08 7.52 5.92 7.62 0.00 0.48 Selected other : China : 26.00 132.95 0.27 93.02 117.27 3.34 38.62 FSU-12 6/ : 2.68 5.29 0.70 4.32 6.94 0.40 1.33 Russia : 0.56 0.80 0.65 1.15 1.85 0.00 0.16 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit and reporting discrepancies in some countries. 4/ Argentina and South Africa. 5/ Eastern Europe, the EU-15 (includes intra-trade), Non-EU Western Europe, Mexico, Japan, South Korea, Taiwan, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). 6/ Includes imports and exports among the nations of the former USSR. Former USSR excluding the Baltic States. WASDE-358-21 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 1999/00 (Projected) World 3/ : December : 108.49 600.72 74.38 416.43 593.83 77.96 115.38 January : 108.44 597.99 75.33 419.47 596.90 78.12 109.53 United States : December : 45.63 242.25 0.38 140.98 188.73 48.90 50.64 January : 45.39 239.72 0.38 143.52 191.78 50.17 43.55 Total foreign : December : 62.86 358.47 74.00 275.45 405.10 29.06 64.75 January : 63.05 358.27 74.95 275.95 405.12 27.96 65.99 Major exporters 4/ : December : 2.14 24.00 0.10 9.15 14.00 10.10 2.14 January : 2.14 24.00 0.10 9.25 14.30 9.80 2.14 Argentina Dec : 0.74 15.50 0.00 4.90 6.50 9.00 0.74 Jan : 0.74 15.50 0.00 5.00 6.80 8.70 0.74 South Africa Dec : 1.40 8.50 0.10 4.25 7.50 1.10 1.40 Jan : 1.40 8.50 0.10 4.25 7.50 1.10 1.40 Major importers 5/ : December : 15.03 97.83 48.83 97.67 135.60 12.29 13.80 January : 15.03 98.63 49.28 98.07 136.25 11.54 15.15 EU-15 Dec : 3.89 36.22 10.81 30.55 38.64 9.06 3.21 Jan : 3.89 37.02 10.71 30.65 38.74 8.31 4.56 Japan Dec : 1.36 0.00 16.25 12.15 16.35 0.00 1.26 Jan : 1.36 0.00 16.25 12.15 16.35 0.00 1.26 Mexico Dec : 1.65 19.00 4.70 8.05 23.10 0.05 2.20 Jan : 1.65 19.00 5.00 8.35 23.40 0.05 2.20 Southeast Asia Dec : 1.65 14.86 3.55 13.75 18.47 0.25 1.34 Jan : 1.65 14.86 3.55 13.75 18.47 0.25 1.34 South Korea Dec : 0.48 0.09 8.25 6.60 8.30 0.00 0.52 Jan : 0.48 0.09 8.50 6.60 8.55 0.00 0.52 Selected other : China Dec : 38.62 128.00 0.25 95.00 119.95 5.00 41.92 Jan : 38.62 128.00 0.25 95.00 119.95 5.00 41.92 FSU-12 6/ Dec : 1.33 4.21 0.55 3.44 4.76 0.25 1.08 Jan : 1.33 4.21 0.55 3.44 4.76 0.25 1.08 Russia Dec : 0.16 1.00 0.50 0.85 1.55 0.00 0.11 Jan : 0.16 1.00 0.50 0.85 1.55 0.00 0.11 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit and reporting discrepancies in some countries. 4/ Argentina and South Africa. 5/ Eastern Europe, the EU-15 (includes intra-trade), Non-EU Western Europe, Mexico, Japan, South Korea, Taiwan, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). 6/ Includes imports and exports among the nations of the former USSR. Former USSR excluding the Baltic States. WASDE-358-22 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total 2/: : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 1997/98 World 3/ : 51.29 386.65 24.71 383.27 26.92 54.67 United States : 0.87 5.75 0.29 3.30 2.73 0.88 Total foreign : 50.42 380.90 24.42 379.97 24.18 53.79 Major exporters 4/ : 10.65 121.24 0.00 104.67 15.54 11.67 Thailand : 0.71 15.51 0.00 8.80 6.37 1.05 Vietnam : 0.00 19.09 0.00 15.32 3.78 0.00 Major importers 5/ : 5.97 49.26 13.92 60.94 1.41 6.80 Indonesia : 1.53 31.12 6.08 35.20 0.00 3.53 Selected other : China : 25.56 140.49 0.26 135.85 3.73 26.72 Japan : 3.25 9.12 0.46 9.20 0.57 3.05 : : 1998/99 (Estimated) World 3/ : 54.67 391.77 25.55 389.30 26.86 57.13 United States : 0.88 5.91 0.33 3.75 2.68 0.69 Total foreign : 53.79 385.85 25.21 385.55 24.18 56.44 Major exporters 4/ : 11.67 124.70 0.00 107.85 16.50 12.03 Thailand : 1.05 15.18 0.00 8.90 6.65 0.68 Vietnam : 0.00 20.11 0.00 15.46 4.65 0.00 Major importers 5/ : 6.80 52.45 12.69 62.00 1.23 8.71 Indonesia : 3.53 32.10 3.90 35.50 0.00 4.03 Selected other : China : 26.72 139.10 0.20 136.75 2.80 26.47 Japan : 3.05 8.15 0.75 9.20 0.40 2.35 : : 1999/00 (Projected) World 3/ : December : 57.37 395.93 22.31 394.61 23.67 58.68 January : 57.13 396.51 22.51 394.82 23.98 58.82 United States : December : 0.72 6.91 0.34 3.68 2.68 1.61 January : 0.69 6.64 0.34 3.68 2.59 1.41 Total foreign : December : 56.65 389.01 21.97 390.93 21.00 57.07 January : 56.44 389.87 22.17 391.14 21.40 57.41 Major exporters 4/ : December : 12.45 124.50 0.00 109.35 13.40 14.20 January : 12.03 125.25 0.00 109.45 13.80 14.03 Thailand Dec : 1.10 15.40 0.00 9.00 5.80 1.70 Jan : 0.68 15.85 0.00 9.00 6.00 1.53 Vietnam Dec : 0.00 19.80 0.00 15.70 4.10 0.00 Jan : 0.00 20.10 0.00 15.80 4.30 0.00 Major importers 5/ : December : 8.56 52.47 10.77 62.83 1.16 7.82 January : 8.71 52.47 10.97 62.83 1.16 8.17 Indonesia Dec : 4.03 32.10 3.00 35.70 0.00 3.43 Jan : 4.03 32.10 3.00 35.70 0.00 3.43 Selected other : China Dec : 26.47 141.00 0.40 138.00 2.85 27.02 Jan : 26.47 141.00 0.40 138.00 2.85 27.02 Japan Dec : 2.35 8.35 0.72 9.45 0.40 1.57 Jan : 2.35 8.35 0.72 9.45 0.40 1.57 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Hong Kong, Indonesia, Iran, Iraq, Ivory Coast, Nigeria, Philippines, Saudi Arabia, the EU-15 (includes intra-trade) and Non-EU Western Europe. WASDE-358-23 World Soybean Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : : :stocks :Beginning:Produc-: : Domestic : : : stocks : tion :Imports: Crush : Total :Exports: =============================================================================== : : 1997/98 World 2/ : 13.46 158.07 38.97 125.97 148.40 40.51 21.60 United States : 3.59 73.18 0.14 43.46 47.70 23.76 5.44 Total foreign : 9.87 84.90 38.84 82.51 100.70 16.75 16.16 Major exporters 3/ : 7.40 54.99 2.15 33.33 36.44 14.37 13.73 Argentina : 3.40 19.50 1.25 12.93 13.69 3.23 7.23 Brazil : 4.00 32.50 0.90 19.90 22.15 8.75 6.50 Major importers 4/ : 1.78 18.28 29.63 34.77 46.94 0.99 1.76 EU-15 : 0.84 1.57 16.30 15.49 17.04 0.82 0.85 Japan : 0.64 0.15 4.87 3.72 5.02 0.00 0.63 China : 0.00 14.73 2.94 10.73 17.50 0.17 0.00 : : 1998/99 (Estimated) World 2/ : 21.60 158.93 39.29 133.00 156.64 39.16 24.02 United States : 5.44 74.60 0.08 43.26 48.82 21.81 9.48 Total foreign : 16.16 84.33 39.21 89.74 107.82 17.35 14.53 Major exporters 3/ : 13.73 53.90 1.10 39.02 42.08 14.53 12.12 Argentina : 7.23 19.90 0.50 17.51 18.27 3.23 6.12 Brazil : 6.50 31.00 0.60 21.01 23.20 8.90 6.00 Major importers 4/ : 1.76 18.48 30.65 35.52 47.68 1.52 1.69 EU-15 : 0.85 1.54 16.14 14.77 16.28 1.34 0.91 Japan : 0.63 0.16 4.65 3.68 4.93 0.00 0.51 China : 0.00 15.00 3.85 11.85 18.67 0.18 0.00 : : 1999/00 (Projected) World 2/ : December : 24.01 154.12 41.04 133.33 155.79 40.92 22.47 January : 24.02 153.75 40.94 133.29 155.94 41.12 21.65 United States : December : 9.47 72.75 0.08 43.82 48.01 23.54 10.75 January : 9.48 71.93 0.08 43.68 48.02 23.54 9.93 Total foreign : December : 14.54 81.37 40.96 89.52 107.78 17.38 11.72 January : 14.53 81.82 40.86 89.61 107.92 17.58 11.71 Major exporters 3/ : December : 12.12 52.50 1.20 39.20 42.07 14.40 9.35 January : 12.12 53.00 1.20 39.40 42.37 14.60 9.35 Argentina Dec : 6.12 18.50 0.50 17.60 18.17 2.80 4.15 Jan : 6.12 19.00 0.50 17.80 18.47 3.00 4.15 Brazil Dec : 6.00 31.00 0.70 21.10 23.30 9.20 5.20 Jan : 6.00 31.00 0.70 21.10 23.30 9.20 5.20 Major importers 4/ : December : 1.69 17.13 31.59 34.99 47.38 1.54 1.50 January : 1.69 17.09 31.64 34.99 47.38 1.54 1.50 EU-15 Dec : 0.91 1.20 16.04 14.47 15.96 1.43 0.76 Jan : 0.91 1.16 16.09 14.47 15.96 1.43 0.76 Japan Dec : 0.51 0.17 4.60 3.52 4.82 0.00 0.45 Jan : 0.51 0.17 4.60 3.52 4.82 0.00 0.45 China Dec : 0.00 14.00 4.30 11.50 18.20 0.10 0.00 Jan : 0.00 14.00 4.30 11.50 18.20 0.10 0.00 =============================================================================== 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported export and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and Paraguay. 4/ Japan, China, and EU, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). WASDE-358-24 World Soybean Meal Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 1997/98 World 2/ : 3.77 100.18 37.15 100.32 37.06 3.72 United States : 0.19 34.63 0.05 26.21 8.46 0.20 Total foreign : 3.58 65.55 37.10 74.11 28.59 3.53 Major exporters 3/ : 1.08 30.06 0.10 7.69 22.25 1.31 Argentina : 0.25 10.54 0.00 0.39 10.03 0.36 Brazil : 0.84 15.73 0.10 6.10 9.62 0.94 India : 0.00 3.80 0.00 1.20 2.60 0.00 Major importers 4/ : 1.20 21.69 25.52 42.29 5.05 1.07 EU-15 : 0.88 12.14 16.78 23.92 5.01 0.88 China : 0.00 8.58 4.20 12.76 0.02 0.00 : : 1998/99 (Estimated) World 2/ : 3.72 105.24 39.79 105.03 39.31 4.41 United States : 0.20 34.28 0.09 27.82 6.46 0.30 Total foreign : 3.53 70.96 39.70 77.22 32.86 4.11 Major exporters 3/ : 1.31 34.81 0.10 8.20 26.60 1.41 Argentina : 0.36 14.00 0.00 0.46 13.40 0.50 Brazil : 0.94 16.60 0.10 6.40 10.40 0.84 India : 0.00 4.21 0.00 1.34 2.80 0.07 Major importers 4/ : 1.07 22.18 26.85 43.85 5.06 1.19 EU-15 : 0.88 11.58 20.24 26.71 5.04 0.94 China : 0.00 9.45 1.40 10.84 0.01 0.00 : : 1999/00 (Projected) World 2/ : December : 4.38 105.87 39.41 105.96 39.75 3.94 January : 4.41 105.64 39.60 106.11 39.63 3.91 United States : December : 0.30 34.72 0.05 28.12 6.71 0.23 January : 0.30 34.58 0.05 28.26 6.44 0.23 Total foreign : December : 4.08 71.15 39.36 77.84 33.04 3.71 January : 4.11 71.06 39.56 77.85 33.18 3.68 Major exporters 3/ : December : 1.41 34.74 0.10 8.46 26.62 1.16 January : 1.41 34.89 0.10 8.46 26.77 1.16 Argentina Dec : 0.50 14.26 0.00 0.47 13.92 0.36 Jan : 0.50 14.40 0.00 0.47 14.07 0.36 Brazil Dec : 0.84 16.67 0.10 6.70 10.10 0.80 Jan : 0.84 16.67 0.10 6.70 10.10 0.80 India Dec : 0.07 3.82 0.00 1.29 2.60 0.00 Jan : 0.07 3.82 0.00 1.29 2.60 0.00 Major importers 4/ : December : 1.19 21.68 26.49 43.16 5.13 1.08 January : 1.19 21.68 26.49 43.16 5.13 1.08 EU-15 Dec : 0.94 11.34 20.02 26.35 5.11 0.83 Jan : 0.94 11.34 20.02 26.35 5.11 0.83 China Dec : 0.00 9.17 1.12 10.28 0.01 0.00 Jan : 0.00 9.17 1.12 10.28 0.01 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-358-25 World Soybean Oil Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 1997/98 World 2/ : 2.55 22.84 6.66 22.47 6.91 2.66 United States : 0.69 8.23 0.03 6.92 1.40 0.63 Total foreign : 1.86 14.61 6.63 15.54 5.51 2.03 Major exporters 3/ : 0.86 8.74 0.60 4.37 4.88 0.93 Argentina : 0.30 2.24 0.00 0.10 2.10 0.33 Brazil : 0.38 3.74 0.20 2.72 1.18 0.42 EU-15 : 0.17 2.76 0.40 1.55 1.61 0.18 Major importers 4/ : 0.47 2.64 2.05 4.47 0.08 0.60 China : 0.45 1.78 1.65 3.22 0.08 0.58 Pakistan : 0.02 0.00 0.16 0.16 0.00 0.02 : : 1998/99 (Estimated) World 2/ : 2.66 24.18 7.63 24.34 7.82 2.32 United States : 0.63 8.20 0.04 7.10 1.08 0.69 Total foreign : 2.03 15.98 7.59 17.24 6.74 1.63 Major exporters 3/ : 0.93 9.73 0.65 4.42 6.08 0.81 Argentina : 0.33 3.16 0.00 0.11 3.08 0.31 Brazil : 0.42 3.93 0.21 2.73 1.50 0.33 EU-15 : 0.18 2.64 0.44 1.59 1.50 0.18 Major importers 4/ : 0.60 2.94 2.20 5.35 0.08 0.32 China : 0.58 1.97 0.95 3.12 0.08 0.30 Pakistan : 0.02 0.01 0.42 0.43 0.00 0.02 : : 1999/00 (Projected) World 2/ : December : 2.30 24.18 7.09 23.75 7.38 2.44 January : 2.32 24.15 7.27 23.90 7.40 2.44 United States : December : 0.69 8.22 0.04 7.17 0.82 0.96 January : 0.69 8.19 0.04 7.17 0.79 0.96 Total foreign : December : 1.61 15.97 7.06 16.58 6.57 1.48 January : 1.63 15.96 7.24 16.73 6.61 1.48 Major exporters 3/ : December : 0.81 9.70 0.65 4.46 5.89 0.82 January : 0.81 9.74 0.65 4.46 5.92 0.82 Argentina Dec : 0.31 3.18 0.00 0.11 3.05 0.33 Jan : 0.31 3.21 0.00 0.11 3.08 0.33 Brazil Dec : 0.33 3.95 0.22 2.80 1.34 0.35 Jan : 0.33 3.95 0.22 2.80 1.34 0.35 EU-15 Dec : 0.18 2.58 0.43 1.55 1.49 0.14 Jan : 0.18 2.58 0.43 1.55 1.49 0.14 Major importers 4/ : December : 0.32 2.79 1.90 4.72 0.08 0.21 January : 0.32 2.79 1.90 4.72 0.08 0.21 China Dec : 0.30 1.91 0.85 2.83 0.08 0.15 Jan : 0.30 1.91 0.85 2.83 0.08 0.15 Pakistan Dec : 0.02 0.00 0.30 0.31 0.00 0.01 Jan : 0.02 0.00 0.30 0.31 0.00 0.01 =============================================================================== 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-358-26 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : 3/ : : 3/ : : =============================================================================== : : 1997/98 : World : 38.19 91.63 26.29 88.39 26.65 0.30 40.77 United States : 3.97 18.79 0.01 11.35 7.50 0.04 3.89 Total foreign : 34.22 72.84 26.28 77.04 19.15 0.26 36.89 Major exporters 5/ : 11.91 39.81 0.51 24.04 15.88 0.07 12.25 Pakistan : 1.82 7.18 0.12 7.19 0.38 0.03 1.52 India : 4.68 12.34 0.15 12.68 0.31 0.00 4.17 Central Asia 6/ : 1.49 7.11 0.01 1.23 5.82 0.00 1.56 Afr. Fr. Zone 7/ : 0.49 4.32 4/ 0.27 3.62 0.00 0.92 S. Hemis. 8/ : 2.35 5.75 0.23 1.26 4.52 0.02 2.52 Australia : 0.95 3.06 4/ 0.20 2.71 0.00 1.10 Argentina : 1.04 1.41 0.03 0.43 1.00 0.01 1.04 Major importers : 20.53 29.80 20.27 45.59 1.97 0.18 22.85 Brazil : 1.26 1.75 1.88 3.40 0.00 0.00 1.49 Mexico : 0.20 0.98 1.48 1.95 0.31 0.04 0.36 China : 14.76 21.10 1.83 20.80 0.03 0.00 16.86 Europe : 1.88 2.28 6.02 6.72 1.40 0.05 2.00 Turkey : 0.56 3.65 1.45 5.00 0.10 0.00 0.56 Selected Asia 9/ : 1.88 0.05 7.60 7.72 0.12 0.10 1.60 Indonesia : 0.10 0.02 1.92 1.85 0.00 0.05 0.14 South Korea : 0.51 4/ 1.32 1.35 0.05 0.00 0.43 : : 1998/99 (Estimated) : World : 40.77 84.54 25.16 85.22 23.65 -0.14 41.74 United States : 3.89 13.92 0.44 10.40 4.34 -0.44 3.94 Total foreign : 36.89 70.62 24.72 74.82 19.30 0.30 37.80 Major exporters 5/ : 12.25 37.65 1.56 23.53 15.27 0.07 12.58 Pakistan : 1.52 6.30 0.93 7.00 0.01 0.03 1.71 India : 4.17 12.73 0.43 12.47 0.18 0.00 4.68 Central Asia 6/ : 1.56 6.60 0.01 1.25 5.38 0.00 1.54 Afr. Fr. Zone 7/ : 0.92 4.05 4/ 0.27 3.62 0.00 1.07 S. Hemis. 8/ : 2.52 5.38 0.20 1.20 4.49 0.02 2.39 Australia : 1.10 3.29 4/ 0.19 3.00 0.00 1.21 Argentina : 1.04 0.90 0.02 0.40 0.75 0.01 0.80 Major importers : 22.85 29.97 18.05 44.41 2.80 0.22 23.44 Brazil : 1.49 2.10 1.36 3.50 0.00 0.00 1.45 Mexico : 0.36 1.00 1.49 2.15 0.22 0.04 0.45 China : 16.86 20.70 0.36 19.80 0.68 0.00 17.43 Europe : 2.00 2.27 5.43 6.26 1.44 0.09 1.90 Turkey : 0.56 3.85 1.14 4.60 0.36 0.00 0.58 Selected Asia 9/ : 1.60 0.05 8.28 8.10 0.10 0.10 1.63 Indonesia : 0.14 0.02 2.33 2.25 0.00 0.05 0.19 South Korea : 0.43 4/ 1.47 1.48 0.04 0.00 0.39 =============================================================================== 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ For foreign countries, reflects cotton lost or destroyed in the marketing channel; for the United States, reflects the difference between implicit stocks based on supply less total use and ending stocks based on Bureau of Census data. 3/ World trade includes estimated trade among the 12 countries of the former USSR and three Baltic states 1.70 million bales in 1997/98 and 1.38 million in 1998/99. 4/ Less than 5,000 bales. 5/ Includes Egypt, and Syria in addition to the countries and regions listed. 6/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 7/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 8/ Argentina, Australia, Paraguay, South Africa, Tanzania, and Zimbabwe. 9/ Hong Kong, Indonesia, Japan, South Korea, Taiwan, and Thailand. WASDE-358-27 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : 3/ : : 3/ : : =============================================================================== : : 1999/00 (Projected) World : December : 41.66 87.38 26.38 87.89 26.14 0.23 41.15 January : 41.74 86.36 26.65 88.19 26.48 0.21 39.87 United States : December : 3.94 16.88 0.08 10.20 6.20 -0.01 4.50 January : 3.94 16.95 0.08 10.20 6.40 -0.03 4.40 Total foreign : December : 37.72 70.51 26.30 77.69 19.94 0.24 36.65 January : 37.80 69.41 26.58 77.99 20.08 0.24 35.47 Major exporters 5/ : December : 12.45 39.78 1.25 24.37 15.65 0.07 13.38 January : 12.58 40.03 1.25 24.37 15.74 0.07 13.68 Pakistan Dec : 1.59 7.80 0.60 7.30 0.55 0.03 2.11 Jan : 1.71 8.00 0.50 7.30 0.70 0.03 2.19 India Dec : 4.68 13.00 0.35 13.00 0.30 0.00 4.73 Jan : 4.68 13.00 0.45 13.00 0.20 0.00 4.93 Central Asia 6/Dec : 1.54 7.56 0.01 1.26 5.73 0.00 2.12 Jan : 1.54 7.56 0.01 1.26 5.75 0.00 2.11 Afr. Fr. Zn. 7/Dec : 1.07 4.10 4/ 0.28 3.68 0.00 1.20 Jan : 1.07 4.14 4/ 0.28 3.71 0.00 1.22 S. Hemis 8/ Dec : 2.39 4.85 0.19 1.22 4.01 0.02 2.18 Jan : 2.39 4.85 0.19 1.22 4.01 0.02 2.18 Australia Dec : 1.21 3.10 4/ 0.20 2.80 0.00 1.31 Jan : 1.21 3.10 4/ 0.20 2.80 0.00 1.31 Argentina Dec : 0.80 0.55 0.04 0.40 0.50 0.01 0.47 Jan : 0.80 0.55 0.04 0.40 0.50 0.01 0.47 Major importers Dec : 23.49 27.78 19.60 46.20 3.08 0.17 21.41 Jan : 23.44 26.43 19.85 46.50 3.13 0.17 19.91 Brazil Dec : 1.54 1.90 2.10 3.80 0.00 0.00 1.74 Jan : 1.45 1.90 2.00 3.80 0.00 0.00 1.55 Mexico Dec : 0.45 0.60 2.10 2.45 0.20 0.03 0.47 Jan : 0.45 0.60 2.10 2.45 0.20 0.03 0.47 China Dec : 17.43 19.00 0.15 20.50 1.20 0.00 14.88 Jan : 17.43 17.60 0.15 20.50 1.20 0.00 13.48 Europe Dec : 1.96 2.33 5.45 6.18 1.44 0.05 2.07 Jan : 1.90 2.33 5.45 6.18 1.44 0.05 2.01 Turkey Dec : 0.50 3.90 1.10 4.80 0.15 0.00 0.55 Jan : 0.58 3.95 1.40 5.10 0.20 0.00 0.63 Sel. Asia 9/ Dec : 1.62 0.05 8.70 8.48 0.09 0.10 1.71 Jan : 1.63 0.05 8.75 8.48 0.09 0.10 1.77 Indonesia Dec : 0.19 0.02 2.50 2.40 0.00 0.05 0.26 Jan : 0.19 0.02 2.50 2.40 0.00 0.05 0.26 S. Korea Dec : 0.39 4/ 1.60 1.55 0.04 0.00 0.41 Jan : 0.39 4/ 1.60 1.55 0.04 0.00 0.41 =============================================================================== 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ For foreign countries, reflects cotton lost or destroyed in the marketing channel; for the United States, reflects the difference between implicit stocks based on supply less total use and ending stocks based on Bureau of Census data. 3/ World trade includes estimated trade among the 12 countries of the former USSR and three Baltic states of 1.51 million bales. 4/ Less than 5,000 bales. 5/ Includes Egypt, and Syria in addition to the countries and regions listed. 6/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 7/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 8/ Argentina, Australia, Paraguay, South Africa, Tanzania, and Zimbabwe. 9/ Hong Kong, Indonesia, Japan, South Korea, Taiwan, and Thailand. WASDE-358-28 U.S. Quarterly Animal Product Production 1/ =============================================================================== Year : : : Red : : : Total : Red : : : and : : : meat : : :poultry :meat & : : : quarter : Beef : Pork : 2/ :Broiler:Turkey: 3/ :poultry: Egg : Milk : =============================================================================== : Million pounds Mil doz Bil lbs 1998 : Annual : 25653 18981 45134 27863 5281 33667 78801 6659 157.4 : 1999 : I : 6397 4865 11384 7295 1206 8638 20022 1691 40.5 II : 6627 4631 11368 7594 1336 9072 20440 1702 42.0 III : 6841 4672 11627 7486 1362 8986 20613 1728 39.8 IV : 6525 5125 11773 7300 1375 8810 20583 1780 40.2 Annual : Dec Proj : 26315 19343 46117 29674 5329 35556 81673 6892 162.1 Jan Est : 26390 19293 46152 29674 5279 35506 81658 6901 162.5 : 2000 : I *: 6400 4750 11264 7650 1275 9065 20329 1750 41.7 II *: 6400 4500 11003 7900 1350 9400 20403 1745 42.6 III *: 6325 4525 10952 7800 1375 9315 20267 1765 40.4 IV *: 5925 4800 10830 7800 1400 9335 20165 1820 40.3 Annual : Dec Proj : 24775 18625 43824 31150 5400 37115 80939 7030 164.8 Jan Proj : 25050 18575 44049 31150 5400 37115 81164 7080 165.0 =============================================================================== * Projection. 1/ Commercial production for red meats; federally inspected for poultry meats. 2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken. U.S. Quarterly Prices for Animal Products =============================================================================== Year : Choice : Barrows : : : : : and : steers :and gilts : Broilers : Turkeys : Eggs : Milk : quarter : 1/ : 2/ : 3/ : 4/ : 5/ : 6/ : =============================================================================== : Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 1998 : Annual : 61.48 34.72 63.1 62.2 75.8 15.42 : 1999 : I : 62.43 28.83 58.1 59.4 75.0 15.97 II : 65.04 35.18 58.6 65.8 58.1 12.87 III : 65.12 35.70 58.1 73.8 66.2 14.83 IV : 69.60 36.29 57.6 76.9 63.0 13.90 Annual : Dec Proj : 65.52 33.55 58.1 69.1 65.7 14.25-14.35 Jan Est : 65.55 34.00 58.1 69.0 65.6 14.39 : 2000 : I *: 67-69 34-36 55-57 64-66 59-61 11.45-11.85 II *: 67-71 37-39 55-59 65-69 53-57 11.25-11.95 III *: 67-73 40-44 56-60 66-72 58-62 12.15-13.15 IV *: 67-73 36-40 54-58 72-78 62-68 13.70-14.70 Annual : Dec Proj : 67-72 37-40 54-58 66-72 58-62 12.35-13.15 Jan Proj : 67-72 37-40 55-59 67-71 58-62 12.15-12.95 =============================================================================== *Projection. 1/ Nebraska, Direct, 1100-1300 lbs. 2/ National Base, Live equiv 51-52% lean 3/Wholesale, 12-city average. 4/ 8-16 lbs, hens, Eastern Region. 5/ Grade A l New York, volume buyers. 6/ Price received by farmers for all milk. WASDE-358-29 U.S. Meats Supply and Use ============================================================================ : Supply : Use :--------------------------------------------------------- : : : : : : : Consumption : : Pro- : : : : :--------------- : Beg- : duc- : : : : End- : : Per Item :inning: tion : Im- :Total : Ex- : ing : :capita :stocks: 1/ :ports :supply: ports:stocks:Total : 2/ ============================================================================ : Million pounds 3/ BEEF : 1998 : 465 25760 2642 28867 2171 393 26303 68.0 1999 Proj. Dec : 393 26421 2842 29656 2374 370 26912 69.0 Jan : 393 26496 2877 29766 2374 400 26992 69.2 2000 Proj. Dec : 370 24881 3015 28266 2310 365 25591 65.1 Jan : 400 25156 3015 28571 2310 365 25896 65.9 : PORK : 1998 : 408 19011 704 20123 1229 586 18308 52.5 1999 Proj. Dec : 586 19373 822 20781 1272 525 18984 54.0 Jan : 586 19323 822 20731 1272 500 18959 53.9 2000 Proj. Dec : 525 18655 800 19980 1200 500 18280 51.5 Jan : 500 18605 800 19905 1200 500 18205 51.3 : TOTAL RED MEAT 4/ : 1998 : 895 45284 3458 49637 3406 996 45235 122.6 1999 Proj. Dec : 996 46266 3774 51036 3652 912 46472 124.8 Jan : 996 46301 3809 51106 3652 915 46539 124.9 2000 Proj. Dec : 912 43973 3929 48814 3516 880 44418 118.3 Jan : 915 44198 3929 49042 3516 879 44647 118.9 : BROILERS : 1998 : 607 27612 5 28225 4673 711 22841 72.5 1999 Proj. Dec : 711 29402 4 30117 4631 850 24635 77.5 Jan : 711 29402 4 30117 4631 800 24685 77.7 2000 Proj. Dec : 850 30858 4 31712 4675 890 26147 81.6 Jan : 800 30858 4 31662 4750 890 26022 81.2 : TURKEYS : 1998 : 415 5215 0 5630 446 304 4880 18.0 1999 Proj. Dec : 304 5262 0 5567 356 250 4961 18.2 Jan : 304 5213 0 5517 361 225 4931 18.1 2000 Proj. Dec : 250 5332 0 5582 390 300 4892 17.8 Jan : 225 5332 0 5557 390 250 4917 17.9 : TOTAL POULTRY 5/ : 1998 : 1029 33352 6 34387 5545 1022 27821 90.9 1999 Proj. Dec : 1022 35219 6 36246 5393 1105 29748 96.3 Jan : 1022 35169 6 36197 5398 1030 29769 96.3 2000 Proj. Dec : 1105 36756 4 37865 5480 1195 31190 99.9 Jan : 1030 36756 4 37790 5555 1145 31090 99.6 : RED MEAT & POULTRY: 1998 : 1924 78636 3464 84024 8950 2018 73057 213.5 1999 Proj. Dec : 2018 81485 3780 87282 9045 2017 76221 221.1 Jan : 2018 81470 3815 87303 9050 1945 76308 221.2 2000 Proj. Dec : 2017 80729 3933 86679 8996 2075 75609 218.2 Jan : 1945 80954 3933 86832 9071 2024 75738 218.5 ============================================================================ 1/ Total including farm production for red meats and, for poultry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis. 3/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 4/ Beef, pork, veal, lamb and mutton. 5/ Broilers, turkeys and mature chicken. WASDE-358-30 U.S. Egg Supply and Use =============================================================================== : : : 1999 Estimated : 2000 Projected : : :-----------------:----------------- Commodity : 1997 : 1998 : Dec : Jan : Dec : Jan =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 8.5 7.4 8.4 8.4 5.0 8.0 Production : 6473.1 6658.7 6891.7 6901.4 7030.0 7080.0 Imports : 6.9 5.8 7.4 7.4 4.0 4.0 Total supply : 6488.5 6672.0 6907.5 6917.2 7039.0 7092.0 : Use : Exports : 227.8 218.8 158.9 158.9 170.0 160.0 Hatching use : 894.7 921.8 946.3 941.3 1005.0 1000.0 Ending stocks : 7.4 8.4 5.0 8.0 5.0 5.0 Consumption : Total : 5358.6 5523.0 5797.3 5809.0 5859.0 5927.0 Per capita (number) : 240.1 244.9 254.9 255.3 255.4 258.4 =============================================================================== U.S. Milk Supply, Use and Prices =============================================================================== : : : 1998/99 Est 1/ : 1999/00 Proj 1/ Commodity :1996/97:1997/98:-----------------:----------------- : 1/ : 1/ : Dec : Jan : Dec : Jan =============================================================================== MILK : Billion pounds Supply : Beg. commercial stocks 2/ : 4.9 5.9 5.8 5.8 7.5 7.5 Production : 155.9 156.5 161.2 161.2 164.4 164.9 Farm use : 1.4 1.4 1.3 1.3 1.3 1.3 Marketings : 154.5 155.2 159.9 159.9 163.1 163.6 Imports 2/ : 2.8 4.0 4.8 4.8 3.7 4.2 Total cml. supply 2/ : 162.3 165.1 170.5 170.5 174.3 175.2 Use : Commercial use 2/ 3/ : 155.6 158.6 162.8 162.8 167.1 167.8 Ending commercial stks. 2/: 5.9 5.8 7.5 7.5 6.6 6.8 CCC net removals: : Milkfat basis 4/ : 0.7 0.7 0.3 0.3 0.5 0.6 Skim-solids basis 4/ : 2.7 4.5 5.4 5.4 4.2 6.5 : : Dollars per cwt Milk Prices : Basic Formula/Class III /5: 11.88 13.28 14.04 14.04 10.40- 10.20- : 11.00 10.70 All milk 6/ : 13.53 14.60 15.37 15.37 12.25- 12.20- : 12.85 12.70 : : Million pounds CCC product net removals 4/: Butter : 24 21 1 1 15 15 Cheese : 10 8 6 6 6 6 Nonfat dry milk : 222 368 449 449 350 545 Dry whole milk : 7 15 12 12 12 12 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning October 1. 2/ Milk equivalent, milkfat basis. 3/ Includes commercial exports. 4/ Includes products exported under the Dairy Export Incentive Program. 5/ Basic Formula Price through Dec. 31, 1999; Class III price beginning Jan. 1, 2000 6/ Milk of average fat test. Does not reflect any deductions from producers as authorized by legislation. WASDE-358-31 Note: Tables on pages 31-33 present a 18-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 3.5 million tons (0.7%) ranging from -8.3 to 6.4 million tons. The January projection has been below the estimate 12 times and above 6 times. Reliability of January Projections ------------------------------------------------------------------------------- :Differences between proj. & final estimate, 1981/82-98/99 1/ Commodity and :------------------------------------------------------------- region : Avg. : Avg. : Difference : Below final : Above final ------------------------------------------------------------------------------- WHEAT :Percent Million metric tons Number of years 2/ Production : World : 0.7 3.5 -8.3 6.4 12 6 U.S. : 0.1 0.0 0.1 0.1 8 4 Foreign : 0.8 3.5 -8.3 6.4 12 6 Exports : World : 3.2 3.6 -14.0 5.2 11 7 U.S. : 4.1 1.4 -3.9 2.7 9 9 Foreign : 4.5 3.6 -12.6 5.6 13 5 Domestic use : World : 1.1 5.5 -14.3 11.0 11 7 U.S. : 4.8 1.4 -2.6 3.0 7 11 Foreign : 1.1 5.2 -14.8 8.6 11 7 Ending stocks : World : 4.1 5.0 -11.5 8.1 12 6 U.S. : 8.2 1.9 -4.6 3.3 11 7 Foreign : 4.3 4.0 -10.3 5.2 12 6 : COARSE GRAINS 3/ : Production : World : 0.9 7.4 -17.9 8.2 10 8 U.S. : 0.2 0.6 -4.6 1.3 10 4 Foreign : 1.2 7.0 -17.3 8.2 10 8 Exports : World : 4.2 4.3 -10.8 13.3 12 6 U.S. : 9.9 5.1 -11.1 12.4 10 8 Foreign : 7.4 3.7 -8.2 8.0 8 10 Domestic use : World : 1.0 8.3 -16.0 29.0 7 11 U.S. : 2.9 5.2 -18.8 11.5 7 11 Foreign : 1.1 6.7 -10.9 22.8 11 7 Ending stocks : World : 7.7 10.8 -31.8 17.6 14 4 U.S. : 11.0 6.6 -24.3 20.8 10 8 Foreign : 10.2 6.9 -19.3 10.8 15 3 : RICE, milled : Production : World : 1.6 5.3 -13.9 1.8 16 2 U.S. : 1.1 0.1 -0.3 0.2 6 1 Foreign : 1.6 5.2 -13.9 1.8 16 2 Exports : World : 8.3 1.5 -5.4 1.0 14 4 U.S. : 5.8 0.2 -0.6 0.2 8 8 Foreign : 9.6 1.4 -5.2 1.0 14 4 Domestic use : World : 1.2 3.9 -12.3 1.9 14 4 U.S. : 6.1 0.2 -0.4 0.5 9 9 Foreign : 1.2 3.9 -12.4 2.2 15 3 Ending stocks : World : 8.3 3.2 -13.0 3.9 13 5 U.S. : 15.6 0.2 -0.3 0.4 9 8 Foreign : 8.7 3.2 -13.3 3.8 13 5 ------------------------------------------------------------------------------- 1/ Footnotes at end of table. CONTINUED WASDE-358-32 Reliability of January Projections (Continued) ------------------------------------------------------------------------------- :Differences between proj. & final estimate, 1981/82-98/99 1/ Commodity and :------------------------------------------------------------- region : Avg. : Avg. : Difference : Below final : Above final ------------------------------------------------------------------------------- SOYBEANS :Percent Million metric tons Number of years 2/ Production : World : 1.8 2.1 -5.6 2.9 11 7 U.S. : 1.3 0.7 -1.6 1.8 7 9 Foreign : 3.7 2.0 -6.2 2.6 12 6 Exports : World : 3.6 1.0 -2.1 2.7 11 7 U.S. : 6.2 1.2 -2.4 4.3 9 9 Foreign : 15.6 1.3 -3.7 2.1 10 8 Domestic use : World : 2.4 2.8 -5.7 3.6 11 7 U.S. : 2.7 1.0 -3.6 0.8 12 6 Foreign : 2.9 2.2 -4.1 3.6 11 7 Ending stocks : World : 10.2 1.8 -3.4 5.0 9 9 U.S. : 20.6 1.6 -2.6 4.9 5 13 Foreign : 13.5 1.5 -2.9 2.7 11 7 : COTTON : Million 480-pound bales Production : World : 2.1 1.8 -5.4 3.6 11 6 U.S. : 0.6 0.1 0.1 0.3 4 13 Foreign : 2.6 1.8 -5.7 3.5 11 6 Exports : World : 3.9 0.9 -2.7 1.0 8 10 U.S. : 7.8 0.4 -1.0 0.8 10 8 Foreign : 5.1 0.9 -3.4 1.0 9 9 Mill use : World : 2.0 1.6 -6.3 1.8 8 10 U.S. : 3.8 0.3 -0.9 0.5 12 5 Foreign : 2.0 1.5 -5.8 2.0 8 10 Ending stocks : World : 9.4 3.1 -6.1 8.1 9 9 U.S. : 14.9 0.6 -0.8 2.1 5 13 Foreign : 9.6 2.9 -6.3 7.6 11 7 ------------------------------------------------------------------------------- 1/ Final estimate for 1981/82-98/99 is defined as the first November estimate following the marketing year. 2/ May not total 18 if projection was the same as final estimate. 3/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. WASDE-358-33 Reliability of United States January Projections 1/ ------------------------------------------------------------------------------- :Differences between proj. & final estimate, 1981/82-98/99 2/ Commodity and :------------------------------------------------------------- region : Avg. : Avg. : Difference : Below final : Above final ------------------------------------------------------------------------------- CORN :Percent Million bushels Number of years 3/ Production : 0.3 19 -148 38 4 1 Exports : 10.0 172 -379 384 10 8 Domestic use : 3.0 180 -574 345 7 11 Ending stocks : 13.3 265 -986 838 10 8 : SORGHUM : Production : 0.5 4 -53 14 1 3 Exports : 14.3 34 -90 97 12 5 Domestic use : 10.1 49 -148 127 9 9 Ending stocks : 33.0 36 -78 98 7 11 : BARLEY : Production : 0.3 2 -3 11 8 2 Exports : 15.5 11 -37 23 6 11 Domestic use : 5.4 21 -43 70 9 8 Ending stocks : 8.6 14 -52 18 13 5 : OATS : Production : 0.1 0 -2 1 3 2 Exports : 52.4 1 -1 7 4 6 Domestic use : 3.4 14 -39 36 10 8 Ending stocks : 12.0 16 -47 34 10 8 : : Thousand short tons SOYBEAN MEAL : Production : 2.6 770 -2728 713 12 6 Exports : 9.0 610 -2050 1050 10 8 Domestic use : 2.2 511 -1200 575 12 6 Ending stocks : 33.6 80 -214 188 6 11 : : Million pounds SOYBEAN OIL : Production : 2.6 367 -1418 575 13 5 Exports : 19.4 299 -800 839 8 10 Domestic use : 2.4 291 -885 400 14 4 Ending stocks : 17.9 247 -501 538 10 8 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 2.7 649 -666 1688 11 5 Pork : 3.1 495 -1240 1717 10 6 Broilers : 1.7 338 -729 512 10 6 Turkeys : 2.3 96 -177 181 10 6 : : Million dozen Eggs : 1.4 83 -127 169 10 6 : : Billion pounds Milk : 1.3 1.8 -5.1 5.6 6 10 ------------------------------------------------------------------------------- 1/ See pages 31 and 32 for record of reliability for U.S. wheat, rice, soybeans, and cotton. 2/ Final estimate for 1981/82-98/99 is defined as the first November estimate following the marketing year. 3/ May not total 18 for crops and 16 for animal production if projection was the same as the final estimate. 4/ Calendar years 1984 thru 1998 for meats and eggs; October-September years 1983/84 thru 1997/98 for milk. Final for animal products is defined as latest annual production estimate published by NASS. WASDE-358-34 METRIC CONVERSION FACTORS 1 Hectare = 2.4710 Acres 1 Kilogram = 2.205 Pounds --------------------------------------------------------------------- 1 Metric Ton : = Domestic Unit * Factor --------------------------------------------------------------------- Wheat & Soybeans : = bushels * .027216 Rice : = cwt * .045359 Corn, Sorghum & Rye : = bushels * .025401 Barley : = bushels * .021772 Oats : = bushels * .014515 Sugar : = short tons * .907185 Cotton : = 480-lb bales * .217720 --------------------------------------------------------------------- ---- END OF FILE ----