WASDE-359 February 11, 2000 NOTE: Supply and demand projections in this report do not include planned fiscal-year 2000 donations of approximately 3 million tons of food aid announced yesterday. Commodities to be donated include wheat, soybeans and soy products, rice, and milk powder, with about 75 percent of the donations consisting of wheat and wheat flour. In the coming weeks the Administration will announce the likely recipient countries and products to be donated. WHEAT: Projected 1999/2000 U.S. ending stocks of wheat are up 25 million bushels from last month because of lower exports. Projected imports are down 5 million bushels from last month and food use is also down 5 million. Projected exports are down 25 million bushels from last month because of increased competition. The projected price range is unchanged at $2.50 to $2.60 per bushel. Projected global 1999/2000 wheat production is up marginally from last month as larger output in Australia, the EU, Russia, and Kazakstan more than offsets reductions for India and Ukraine. With offsetting changes in several countries, global imports in aggregate are virtually the same as last month. Projected exports are raised for Australia and Kazakstan, but reduced for the United States. Much of a reduction in projected global ending stocks is due to a downward revision in EU carryin stocks. COARSE GRAINS: Projected U.S. ending stocks of corn are up 25 million bushels from last month because of reduced export prospects. Higher sorghum exports are offset by an equal reduction in feed and residual use. The projected price range for corn is narrowed to $1.75 to $2.05 per bushel. Projected global coarse grain production is little changed in aggregate from last month. The major change in world coarse grain supply and use projections this month is a 3-million-ton increase in corn exports by China. China reportedly made several large sales in recent weeks as the U.S. price rose in response to the smaller-than-expected U.S. corn crop and December 1 stocks. However, projected U.S. corn exports are down only 635,000 tons (25 million bushels) from last month because of increased imports by a number of countries. One of the largest is a 500,000-ton increase in South Korea's imports due to the strong pace of corn purchases to date and reduced feed wheat purchases. Projected global 1999/2000 ending stocks are down slightly from last month as the smaller corn stocks in China are partially offset by larger EU coarse grain stocks. RICE: U.S. exports for 1999/2000 are projected at 86 million hundredweight, an increase of 4 million hundredweight from last month and nearly the same as 1998/99. The increase in exports is entirely milled long-grain rice. The pace of exports through the first 6 months of the marketing year has been brisk, particularly to markets in the Western Hemisphere, Western Europe, and the Middle East. Ending stocks for 1999/2000 are projected at 40.6 million hundredweight, down 4 million hundredweight from last month but up over 18 million hundredweight from 1998/99 and the highest stocks level since 1986/87. Global production, consumption, and ending stocks for 1999/2000 are raised from a month ago while exports are reduced. World rice production for 1999/2000 is projected at a record 397.4 million tons, up about 1 million tons from last month. Rice crops are raised this month for Egypt, Brazil, FSU- 12, the Philippines, and Cambodia. Global exports for 1999/2000 are projected down from a month ago, primarily because of smaller exports for Thailand and Vietnam. Exports are raised for the United States, Cambodia, and Egypt. Imports for 1999/2000 are reduced from last month for Indonesia, the Philippines, and Brazil. Global ending stocks for 1999/2000 are projected at a record 59.4 million tons, up nearly 600,000 tons from last month. The change in stocks is primary due to increases for India, Thailand, the Philippines, and Japan, which are partially offset by declines for Indonesia, Argentina, and the United States. OILSEEDS: U.S. soybean export prospects are up 25 million bushels this month, to 890 million bushels. Lower South American crops, reduced Indian soybean meal export prospects, and a more pronounced shift by China to oilseed imports are supporting U.S. export shipments. Soybean crush is reduced 5 million bushels this month, based on reduced soybean meal export prospects. Despite the lower crush, domestic soybean oil production is slightly higher this month because of an increase in the oil extraction rate. Soybean oil exports are trimmed by 100 million pounds to 1.65 billion pounds, based on lower prospective China imports and larger supplies of competing oils. Larger domestic use prospects this month leave soybean oil ending stocks only slightly higher at 2.13 billion pounds. U.S. soybean producer prices are projected at $4.50 to $5.00 per bushel, unchanged from last month, as are soybean oil prices. Soybean meal prices are raised slightly to $145 to $165 per short ton. Global oilseed production is projected at a record 295.5 million tons, down 0.1 million tons from last month, but up 2.6 million tons from last year. Foreign production is off slightly from last month, but still a record at 213.4 million tons, up 4.8 million tons from last year. Declines are mostly for soybeans with nearly offsetting increases for cottonseed and sunflowerseed production. Global soybean output is forecast at 153.25 million tons, down 0.5 million tons from last month. Brazil's soybean crop is reduced 0.5 million tons this month, to 30.5 million tons. Paraguay's soybean crop is also reduced by 0.5 million tons, to 2.5 million tons, because of persistent hot, dry weather. The Argentine soybean crop is raised 0.5 million tons to 19.5 million tons, based on recent rains that have improved yield prospects. SUGAR: U.S. sugar production for fiscal year 1999/2000 is projected up 163,000 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. Although forecast sugarcane production is unchanged this month, cane sugar production is increased 88,000 tons, based on end-of-season information from mills in Louisiana and Texas. The stocks-to-use ratio is 17.6 percent, compared with 16.0 percent last month. LIVESTOCK, POULTRY, AND DAIRY: Changes in this month's forecasts of meat production are primarily driven by changes in cattle inventories and feedlot placements reported in USDA's recent Cattle and Cattle on Feed reports. Continued large placements in feedlots in December and the size of the 1999 calf crop and the January 1, 2000, cattle inventory result in an upward revision in beef production for 2000. However, beef production is still expected to remain below 1999's record. The pork production forecast is increased slightly for 2000 but also remains below last year. Poultry production is unchanged from last month and up from last year. As a result of smaller forecast year-to-year declines in beef and pork, total meat production is now likely to be about the same as last year. Cattle price forecasts are little changed for 2000 as the large expected beef production is offset by continued strength in domestic and export demand. Higher-than-expected hog prices thus far in 2000 and forecast firm demand result in increased hog price forecasts during the first half of the year. Poultry prices are virtually unchanged. Milk production in 1999/2000 is forecast slightly higher this month due to higher milk per cow. Net CCC removals of nonfat dry milk are increased and the BFP/Class III price is lowered, reflecting weakness in product prices. COTTON: No changes are made in the U.S. cotton supply and demand estimates this month. This month's world estimates reflect larger production, consumption, and ending stocks. World production is raised nearly 600,000 bales, due mainly to increases for Brazil, Pakistan, and Greece. Brazil's production is rising due to favorable weather conditions in the higher-yielding areas, especially Mato Grosso. Higher estimates for Pakistan and Greece are based on recent evidence of larger ginnings. Stronger demand is estimated for India, Brazil and Pakistan, offset by slightly weaker mill use in Japan. Nearly all of a projected 1-percent increase in world stocks is accounted for by India and Pakistan. 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 March 10, 2000. The World Agricultural Supply and Demand Estimates report will be released on the following dates in 2000: 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. For instructions on retrieving the WASDE report by fax, call (202) 694-5700 from the handset of a fax machine and follow voice prompts to retrieve document 66900. For information on e-mail subscriptions or other questions about the WASDE report, call (202) 720-5447. Mail subscriptions cost $50.00; 2- and 3-year subscriptions are available. Call 1-800-999-6779 or 703-605-6220, 8:30 a.m.-5:00 p.m. ET, or write ERS-NASS, 5285 Port Royal Road, Springfield, Virginia 22161. This report is also available from the Government Printing Office. Call 202-783-3238 or write Superintendent of Documents, GPO, Washington, D.C. 20402. For GPO subscription inquires, call 202-512-1806. WASDE-359-6 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 : 1,879.80 2,173.23 251.98 1,843.89 329.33 1998/99 (Est.) : 1,872.75 2,202.08 254.49 1,852.03 350.05 1999/00 (Proj.) : January : 1,854.66 2,201.55 260.96 1,864.35 337.20 February : 1,855.35 2,205.40 262.44 1,870.58 334.82 Wheat : 1997/98 : 609.42 722.91 125.05 584.62 138.29 1998/99 (Est.) : 589.13 727.42 120.88 591.85 135.57 1999/00 (Proj.) : January : 584.45 720.46 126.19 591.08 129.38 February : 584.80 720.36 125.26 593.13 127.23 Coarse grains 4/ : 1997/98 : 883.50 1,012.13 100.00 876.00 136.12 1998/99 (Est.) : 890.66 1,026.78 106.72 870.97 155.81 1999/00 (Proj.) : January : 873.71 1,027.46 110.79 878.45 149.00 February : 873.14 1,028.94 113.58 880.77 148.18 Rice, milled : 1997/98 : 386.88 438.19 26.94 383.27 54.92 1998/99 (Est.) : 392.96 447.88 26.89 389.21 58.67 1999/00 (Proj.) : January : 396.51 453.64 23.98 394.82 58.82 February : 397.42 456.09 23.60 396.68 59.41 : : United States Total grains 3/ : 1997/98 : 333.71 379.47 76.30 244.48 58.69 1998/99 (Est.) : 346.71 411.61 87.00 246.80 77.81 1999/00 (Proj.) : January : 332.67 416.30 88.03 251.60 76.67 February : 332.67 416.16 87.22 251.08 77.86 Wheat : 1997/98 : 67.53 82.19 28.32 34.21 19.66 1998/99 (Est.) : 69.33 91.79 28.37 37.68 25.74 1999/00 (Proj.) : January : 62.66 91.13 29.26 35.41 26.46 February : 62.66 90.99 28.58 35.27 27.14 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.) : January : 263.38 317.50 56.18 212.51 48.80 February : 263.38 317.50 55.93 212.13 49.44 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.) : January : 6.64 7.67 2.59 3.68 1.41 February : 6.64 7.67 2.71 3.68 1.28 =============================================================================== 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-359-7 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 : 1,546.09 1,793.75 175.68 1,599.41 270.64 1998/99 (Est.) : 1,526.04 1,790.46 167.49 1,605.23 272.23 1999/00 (Proj.) : January : 1,521.99 1,785.25 172.94 1,612.75 260.53 February : 1,522.68 1,789.24 175.23 1,619.49 256.96 Wheat : 1997/98 : 541.88 640.72 96.73 550.41 118.62 1998/99 (Est.) : 519.80 635.62 92.51 554.17 109.82 1999/00 (Proj.) : January : 521.79 629.33 96.94 555.67 102.92 February : 522.13 629.37 96.69 557.86 100.08 Coarse grains 5/ : 1997/98 : 623.07 721.75 54.75 669.04 97.97 1998/99 (Est.) : 619.19 714.08 50.77 665.59 104.44 1999/00 (Proj.) : January : 610.33 709.96 54.61 665.94 100.20 February : 609.76 711.44 57.65 668.63 98.74 Rice, milled : 1997/98 : 381.13 431.28 24.20 379.96 54.05 1998/99 (Est.) : 387.04 440.76 24.21 385.46 57.98 1999/00 (Proj.) : January : 389.87 445.97 21.40 391.14 57.41 February : 390.78 448.42 20.89 393.00 58.14 =============================================================================== 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.) : January : 86.36 128.10 26.48 88.19 39.87 February : 86.92 128.66 26.53 88.54 40.28 : 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.) : January : 16.95 20.97 6.40 10.20 4.40 February : 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 19.31 74.82 37.80 1999/00 (Proj.) : January : 69.41 107.13 20.08 77.99 35.47 February : 69.97 107.69 20.13 78.34 35.88 =============================================================================== 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-359-8 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 : 287.00 304.14 53.77 227.60 24.90 1998/99 (Est.) : 292.88 317.78 54.59 238.75 27.88 1999/00 (Proj.) : January : 295.60 323.39 57.08 245.01 26.79 February : 295.46 323.34 57.74 246.21 25.97 Oilmeals : 1997/98 : 155.17 161.02 51.90 155.37 5.78 1998/99 (Est.) : 163.41 169.20 54.29 162.01 6.35 1999/00 (Proj.) : January : 167.34 173.72 55.76 167.40 6.00 February : 168.09 174.44 54.88 167.48 5.78 Vegetable Oils : 1997/98 : 76.59 84.03 29.93 76.07 7.18 1998/99 (Est.) : 81.86 89.04 31.64 80.75 7.74 1999/00 (Proj.) : January : 85.57 93.60 31.99 84.92 8.27 February : 85.84 93.58 32.34 85.08 8.21 : : 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.) : January : 82.10 93.48 24.44 48.64 11.21 February : 82.10 93.44 25.14 48.51 10.58 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.) : January : 37.28 38.98 6.69 32.02 0.28 February : 37.21 38.87 6.60 31.97 0.30 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.) : January : 9.59 12.24 1.44 9.52 1.28 February : 9.59 12.25 1.42 9.54 1.28 : : Foreign 3/ Oilseeds : 1997/98 : 203.90 215.72 29.25 178.71 18.46 1998/99 (Est.) : 208.52 226.29 31.96 190.93 17.10 1999/00 (Proj.) : January : 213.50 229.91 32.64 196.36 15.58 February : 213.36 229.90 32.60 197.70 15.39 Oilmeals : 1997/98 : 117.75 122.02 43.20 125.36 5.48 1998/99 (Est.) : 126.60 130.85 47.57 130.71 6.01 1999/00 (Proj.) : January : 130.06 134.74 49.07 135.38 5.72 February : 130.88 135.57 48.29 135.51 5.48 Vegetable Oils : 1997/98 : 66.99 71.82 27.80 66.97 6.19 1998/99 (Est.) : 72.33 77.07 29.91 71.53 6.73 1999/00 (Proj.) : January : 75.98 81.36 30.55 75.40 6.99 February : 76.25 81.33 30.91 75.54 6.93 =============================================================================== 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-359-9 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :============================== : : Est. : January February =============================================================================== Area : Million acres Planted : 70.4 65.8 62.8 62.8 Harvested : 62.8 59.0 53.9 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 2,302 2,302 Imports : 95 103 100 95 Supply, total : 3,020 3,373 3,348 3,343 Food : 914 907 910 905 Seed : 92 81 91 91 Feed and residual : 251 397 300 300 Domestic, total : 1,257 1,384 1,301 1,296 Exports : 1,040 1,042 1,075 1,050 Use, total : 2,298 2,427 2,376 2,346 Ending stocks : 722 946 972 997 CCC inventory : 94 128 100 100 Free stocks : 628 818 872 897 Avg. farm price ($/bu) 2/ : 3.38 2.65 2.50- 2.60 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 : 599 284 282 116 103 1,384 Exports : 453 247 105 198 40 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/ : 1,491 736 589 341 186 3,343 Domestic use : 539 294 283 96 84 1,296 Exports : 490 220 150 150 40 1,050 Use, total : 1,029 514 433 246 124 2,346 Ending stocks, total : February : 462 221 157 94 63 997 January : 447 203 162 94 66 972 =============================================================================== 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-359-10 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :============================== : : Est. : January February =============================================================================== FEED GRAINS : Area : Million acres Planted : 101.4 101.0 96.6 96.6 Harvested : 90.8 88.9 86.3 86.3 Yield per harvested : Metric tons acre : 2.87 3.05 3.05 3.05 : Million metric tons Beginning stocks : 27.0 38.1 51.3 51.3 Production : 260.2 271.2 263.1 263.1 Imports : 2.8 3.0 2.6 2.6 Supply, total : 290.0 312.3 317.1 317.1 Feed and residual : 154.8 152.5 157.3 156.9 Food, seed & industrial : 51.8 52.5 54.8 54.8 Domestic, total : 206.6 205.0 212.1 211.7 Exports : 45.3 55.9 56.2 55.9 Use, total : 251.9 261.0 268.3 267.7 Ending stocks, total : 38.1 51.3 48.8 49.4 CCC inventory : 0.1 0.3 0.4 0.4 Free stocks : 38.0 51.0 48.3 49.0 Outstanding loans : 8.5 10.3 9.1 9.1 : CORN : Area : Million acres Planted : 79.5 80.2 77.4 77.4 Harvested : 72.7 72.6 70.5 70.5 Yield per harvested : Bushels acre : 126.7 134.4 133.8 133.8 : Million bushels Beginning stocks : 883 1,308 1,787 1,787 Production : 9,207 9,759 9,437 9,437 Imports : 9 19 15 15 Supply, total : 10,099 11,085 11,239 11,239 Feed and residual : 5,505 5,496 5,650 5,650 Food, seed & industrial : 1,782 1,822 1,900 1,900 Domestic, total : 7,287 7,318 7,550 7,550 Exports : 1,504 1,981 1,975 1,950 Use, total : 8,791 9,298 9,525 9,500 Ending stocks, total : 1,308 1,787 1,714 1,739 CCC inventory : 4 12 15 15 Free stocks : 1,304 1,775 1,699 1,724 Outstanding loans : 310 391 350 350 Avg. farm price ($/bu) 2/ : 2.43 1.94 1.70- 2.10 1.75- 2.05 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. WASDE-359-11 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :============================== : : Est. : January February =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 10.1 9.6 9.3 9.3 Area harv. (mil. acres) : 9.2 7.7 8.5 8.5 Yield (bushels/acre) : 69.2 67.3 69.7 69.7 Beginning stocks : 47 49 65 65 Production : 634 520 595 595 Imports : 0 0 0 0 Supply, total : 681 569 660 660 Feed and residual : 365 262 340 325 Food, seed & industrial : 55 45 55 55 Total domestic : 420 307 395 380 Exports : 212 197 210 225 Use, total : 632 504 605 605 Ending stocks, total : 49 65 55 55 Avg. farm price ($/bu) 2/ : 2.21 1.66 1.45- 1.85 1.50- 1.80 : 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 : 144 161 125 125 Food, seed & industrial : 172 170 172 172 Total domestic : 316 331 297 297 Exports : 74 28 30 30 Use, total : 390 360 327 327 Ending stocks, total : 119 142 122 122 Avg. farm price ($/bu) 2/ : 2.38 1.98 1.95- 2.15 2.05- 2.15 : OATS : Area planted (mil. acres) : 5.1 4.9 4.7 4.7 Area harv. (mil. acres) : 2.8 2.8 2.5 2.5 Yield (bushels/acre) : 59.5 60.2 59.6 59.6 Beginning stocks : 67 74 81 81 Production : 167 166 146 146 Imports : 98 108 100 100 Supply, total : 332 348 328 328 Feed and residual : 161 170 150 150 Food, seed & industrial : 95 95 96 96 Total domestic : 256 265 246 246 Exports : 2 2 2 2 Use, total : 258 266 248 248 Ending stocks, total : 74 81 80 80 Avg. farm price ($/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-359-12 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :============================== : : Est. : January February =============================================================================== TOTAL : Area : Million acres Planted : 3.13 3.35 3.58 3.58 Harvested : 3.10 3.32 3.56 3.56 Yield per harvested : Pounds acre : 5,897 5,669 5,908 5,908 : Million hundredweight Beginning stocks 2/ : 27.2 27.9 22.1 22.1 Production : 183.0 188.1 210.5 210.5 Imports : 9.2 10.5 10.8 10.8 Supply, total : 219.4 226.5 243.3 243.3 Domestic & residual 3/ : 104.6 119.1 116.7 116.7 Exports, total 4/ : 86.9 85.3 82.0 86.0 Rough : 26.1 25.8 20.0 20.0 Milled (rough equiv.) : 60.8 59.6 62.0 66.0 Use, total : 191.5 204.4 198.7 202.7 Ending stocks : 27.9 22.1 44.6 40.6 Avg. farm price ($/cwt) 5/ : 9.70 8.89 5.75- 6.25 5.75- 6.25 : LONG GRAIN : Harvested acres (mil.) : 2.31 2.61 2.74 2.74 Yield (pounds/acre) : 5,391 5,430 5,629 5,629 Beginning stocks : 14.1 14.5 14.1 14.1 Production : 124.5 141.6 154.1 154.1 Supply, total 6/ : 146.6 164.7 177.7 177.7 Domestic & Residual 3/ : 60.5 79.9 76.7 76.7 Exports 7/ : 71.6 70.7 65.5 69.5 Use, total : 132.1 150.6 142.2 146.2 Ending stocks : 14.5 14.1 35.5 31.5 : : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.79 0.71 0.82 0.82 Yield (pounds/acre) : 7,369 6,548 6,835 6,835 Beginning stocks : 12.1 12.3 6.8 6.8 Production : 58.5 46.4 56.3 56.3 Supply, total 6/ : 71.7 60.7 64.3 64.3 Domestic & Residual 3/ : 44.1 39.2 40.0 40.0 Exports 7/ : 15.4 14.6 16.5 16.5 Use, total : 59.4 53.9 56.5 56.5 Ending stocks : 12.3 6.8 7.8 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-359-13 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :=============================== : : Est. : January February =============================================================================== SOYBEANS: : Million acres Area : Planted : 70.0 72.0 73.8 73.8 Harvested : 69.1 70.4 72.5 72.5 : : Bushels Yield per harvested : acre : 38.9 38.9 36.5 36.5 : : Million bushels : Beginning stocks : 132 200 348 348 Production : 2,689 2,741 2,643 2,643 Imports : 5 3 3 3 Supply, total : 2,826 2,944 2,994 2,994 Crushings : 1,597 1,590 1,605 1,600 Exports : 873 801 865 890 Seed : 86 89 90 90 Residual : 70 116 69 69 Use, total : 2,626 2,595 2,629 2,649 Ending stocks : 200 348 365 345 Avg. farm price ($/bu) 2/ : 6.47 4.93 4.50- 5.00 4.50 - 5.00 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 1,520 1,382 1,520 1,520 Production : 18,143 18,081 _3/ 18,055 18,080 Imports : 60 82 80 80 Supply, total : 19,723 19,546 19,655 19,680 Domestic : 15,262 15,655 15,800 15,900 Exports : 3,079 2,372 1,750 1,650 Use, total : 18,341 18,027 17,550 17,550 Ending stocks : 1,382 1,520 2,105 2,130 Average price (c/lb) 2/ : 25.84 19.90 15.00- 15.00- : 17.00 17.00 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 210 218 330 330 Production : 38,176 37,792 _3/ 38,120 38,045 Imports : 56 99 50 50 Supply, total : 38,443 38,109 38,500 38,425 Domestic : 28,895 30,662 31,150 31,150 Exports : 9,329 7,117 7,100 7,000 Use, total : 38,225 37,779 38,250 38,150 Ending stocks : 218 330 250 275 Average price ($/s.t.) 2/ : 185.54 138.50 140.00- 145.00- : 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-359-14 U.S. Sugar Supply and Use 1/ ====================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :====================== : : Estimate : January February ====================================================================== : 1,000 short tons, raw value Beginning stocks 2/ : 1,488 1,679 1,639 1,639 Production 2/3/ : 8,020 8,374 8,750 8,913 Beet sugar : 4,389 4,423 4,725 4,800 Cane sugar 4/ : 3,631 3,951 4,025 4,113 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 12,184 12,347 : Exports 2/7/ : 179 230 250 250 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 10,500 10,500 Ending stocks 2/ : 1,679 1,639 1,684 1,847 : Stocks to use ratio : 16.8 16.0 16.0 17.6 ====================================================================== 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 February 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 (1,680); TX 106 (103); 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-359-15 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 1999/00 Projections Item : 1997/98 : 1998/99 :=============================== : : Est. : January February =============================================================================== : Million acres Area : Planted : 13.90 13.39 14.86 14.86 Harvested : 13.41 10.68 13.38 13.38 : : Pounds Yield per harvested : acre : 673 625 608 608 : : Million 480 pound bales : Beginning stocks 2/ : 3.97 3.89 3.94 3.94 Production : 18.79 13.92 16.95 16.95 Imports : 0.01 0.44 0.08 0.08 Supply, total : 22.78 18.25 20.97 20.97 Domestic use : 11.35 10.40 10.20 10.20 Exports : 7.50 4.34 6.40 6.40 Use, total : 18.85 14.75 16.60 16.60 Unaccounted 3/ : 0.04 -0.44 -0.03 -0.03 Ending stocks : 3.89 3.94 4.40 4.40 : Avg. farm price 4/ : 65.2 60.2 44.9 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-December 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-359-16 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/ : 113.49 609.42 124.92 104.49 584.62 125.05 138.29 United States : 12.07 67.53 2.58 6.82 34.21 28.32 19.66 Total foreign : 101.42 541.88 122.34 97.67 550.41 96.73 118.62 Major exporters 4/ : 26.01 152.68 25.99 47.94 100.22 82.18 22.28 Argentina : 0.80 14.80 0.03 0.35 4.55 10.67 0.42 Australia : 2.40 19.42 0.05 2.76 5.17 15.34 1.35 Canada : 9.05 24.28 0.13 3.35 7.32 20.13 6.01 EU-15 : 13.76 94.18 25.78 41.48 83.19 36.03 14.50 Major importers 5/ : 39.61 187.28 38.32 18.64 210.18 4.84 50.19 Brazil : 0.58 2.38 6.27 0.00 8.67 0.00 0.55 China : 24.17 123.39 1.92 5.00 114.85 1.16 33.46 East. Europe : 6.00 34.35 1.93 12.03 31.84 3.10 7.34 N. Africa : 5.12 9.95 17.87 0.31 28.34 0.19 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/ : 8.25 80.34 6.33 24.53 71.93 5.95 17.04 Russia : 1.60 44.20 3.09 16.40 39.91 0.98 8.00 Kazakstan : 2.25 8.95 0.02 1.25 4.79 3.43 3.00 : : 1998/99 (Estimated) : World 3/ : 138.29 589.13 119.98 107.20 591.85 120.88 135.57 United States : 19.66 69.33 2.80 10.79 37.68 28.37 25.74 Total foreign : 118.62 519.80 117.18 96.41 554.17 92.51 109.82 Major exporters 4/ : 22.28 161.23 25.40 52.41 104.99 74.83 29.09 Argentina : 0.42 12.00 0.03 0.10 3.95 8.20 0.30 Australia : 1.35 22.11 0.06 2.79 5.11 16.00 2.40 Canada : 6.01 24.08 0.15 4.22 8.16 14.71 7.37 EU-15 : 14.50 103.05 25.17 45.31 87.77 35.93 19.02 Major importers 5/ : 50.19 179.11 35.70 19.21 213.80 4.78 46.41 Brazil : 0.55 2.20 7.00 0.20 9.20 0.00 0.55 China : 33.46 109.73 0.82 5.00 115.64 0.44 27.92 East. Europe : 7.34 33.74 2.17 12.35 32.64 3.77 6.84 N. Africa : 4.41 14.18 16.72 0.31 28.79 0.17 6.36 Pakistan : 3.21 18.69 3.10 0.40 21.26 0.00 3.75 Selected other : India : 10.08 66.35 1.99 0.35 67.34 0.00 11.08 FSU-12 6/ : 17.04 56.04 5.40 17.07 64.88 8.05 5.54 Russia : 8.00 26.90 2.50 11.15 35.18 1.22 1.00 Kazakstan : 3.00 4.70 0.02 1.10 4.64 2.28 0.80 =============================================================================== 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-359-17 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/ : January : 136.01 584.45 124.86 102.50 591.08 126.19 129.38 February : 135.57 584.80 124.48 104.32 593.13 125.26 127.23 United States : January : 25.74 62.66 2.72 8.17 35.41 29.26 26.46 February : 25.74 62.66 2.59 8.17 35.27 28.58 27.14 Total foreign : January : 110.26 521.79 122.14 94.33 555.67 96.94 102.92 February : 109.82 522.13 121.89 96.16 557.86 96.69 100.08 Major exporters 4/ : January : 30.52 160.99 25.50 54.88 106.55 84.20 26.26 February : 29.09 161.74 25.18 54.55 106.93 83.48 25.59 Argentina Jan : 0.30 14.50 0.03 0.30 4.50 10.00 0.33 Feb : 0.30 14.50 0.03 0.30 4.50 10.00 0.33 Australia Jan : 2.40 23.00 0.03 2.80 5.10 18.00 2.33 Feb : 2.40 23.50 0.05 2.80 5.13 18.50 2.33 Canada Jan : 7.37 26.85 0.20 4.50 8.50 18.50 7.42 Feb : 7.37 26.85 0.15 4.50 8.45 18.50 7.42 EU-15 Jan : 20.45 96.64 25.25 47.28 88.45 37.70 16.20 Feb : 19.02 96.89 24.95 46.95 88.86 36.48 15.53 Major importers 5/ : January : 46.13 176.09 35.30 17.11 213.81 3.31 40.40 February : 46.41 176.09 34.75 17.81 214.31 3.37 39.58 Brazil Jan : 0.54 2.35 7.00 0.10 9.35 0.00 0.54 Feb : 0.55 2.35 7.00 0.10 9.35 0.00 0.55 China Jan : 27.84 115.00 0.70 5.00 117.00 0.50 26.04 Feb : 27.92 115.00 0.70 5.00 117.00 0.50 26.12 East. Europe Jan : 6.55 28.93 2.30 10.35 30.52 2.33 4.93 Feb : 6.84 28.93 2.25 11.05 31.14 2.30 4.58 N. Africa Jan : 6.36 11.36 16.40 0.31 29.20 0.09 4.84 Feb : 6.36 11.36 15.90 0.31 29.01 0.17 4.44 Pakistan Jan : 3.85 17.85 3.00 0.40 21.55 0.00 3.16 Feb : 3.75 17.85 3.00 0.40 21.60 0.00 3.00 Selected other : India Jan : 10.64 71.50 1.70 0.35 69.25 0.20 14.39 Feb : 11.08 70.78 1.70 0.35 69.25 0.20 14.11 FSU-12 6/ Jan : 5.19 64.43 7.43 16.33 63.01 6.80 7.23 Feb : 5.54 64.81 8.04 17.38 65.09 7.00 6.31 Russia Jan : 1.13 30.50 3.50 9.80 33.80 0.30 1.03 Feb : 1.00 31.00 4.50 11.30 35.20 0.30 1.00 Kazakstan Jan : 0.92 11.00 0.00 1.80 4.89 4.00 3.03 Feb : 0.80 11.20 0.02 1.50 5.00 4.50 2.52 =============================================================================== 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-359-18 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/ : 128.63 883.50 98.98 583.33 876.00 100.00 136.12 United States : 27.01 260.43 2.94 154.98 206.97 45.25 38.15 Total foreign : 101.62 623.07 96.04 428.36 669.04 54.75 97.97 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 62.95 173.40 235.79 22.03 40.22 EU-15 : 12.21 109.43 16.33 74.64 98.03 18.05 21.89 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 0.49 36.39 56.34 3.08 12.09 Russia : 1.20 40.85 0.31 21.67 33.52 1.57 7.27 Ukraine : 1.13 15.46 0.01 6.82 12.21 1.12 3.26 : : 1998/99 (Estimated) : World 3/ : 136.12 890.66 108.88 576.99 870.97 106.72 155.81 United States : 38.15 271.47 3.07 152.63 205.38 55.95 51.37 Total foreign : 97.97 619.19 105.80 424.35 665.59 50.77 104.44 Major exporters 4/ : 9.26 61.42 1.54 36.92 46.36 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/ : 40.21 199.70 65.38 174.14 237.74 26.39 41.16 EU-15 : 21.89 105.50 17.54 73.42 96.67 23.18 25.09 East. Europe : 9.05 51.12 1.57 40.96 52.36 2.92 6.47 Japan : 2.64 0.15 20.66 16.37 21.01 0.00 2.44 Mexico : 2.85 24.54 9.09 17.52 33.63 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 2.62 95.90 131.35 3.35 40.12 FSU-12 6/ : 12.09 37.84 1.70 26.06 45.20 1.90 4.53 Russia : 7.27 18.95 1.52 13.72 25.77 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-359-19 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/ : January : 153.75 873.71 107.82 581.13 878.45 110.79 149.00 February : 155.81 873.14 109.56 577.09 880.77 113.58 148.18 United States : January : 51.37 263.38 2.75 157.48 212.51 56.18 48.80 February : 51.37 263.38 2.75 157.09 212.13 55.93 49.44 Total foreign : January : 102.37 610.33 105.07 423.65 665.94 54.61 100.20 February : 104.44 609.76 106.81 420.00 668.63 57.65 98.74 Major exporters 4/ : January : 8.77 63.57 1.35 36.85 47.28 17.92 8.49 February : 8.77 64.06 1.35 36.05 47.07 18.22 8.89 Argentina Jan : 1.62 19.90 0.05 8.10 10.41 9.58 1.58 Feb : 1.62 19.90 0.05 8.10 10.41 9.58 1.58 Australia Jan : 0.66 8.01 0.00 4.01 4.89 3.12 0.66 Feb : 0.66 8.01 0.00 4.01 4.89 3.12 0.66 Canada Jan : 5.09 26.77 1.05 20.30 23.93 4.13 4.85 Feb : 5.09 26.77 1.05 19.30 23.93 4.03 4.95 Major importers 5/ : January : 39.40 198.35 65.00 175.57 238.09 28.46 36.20 February : 41.16 198.66 65.90 177.12 239.56 28.18 37.98 EU-15 Jan : 23.35 103.23 16.78 73.11 96.75 24.94 21.67 Feb : 25.09 103.08 16.71 73.31 96.88 24.91 23.08 East. Europe Jan : 6.44 51.33 1.33 39.43 50.34 3.22 5.54 Feb : 6.47 51.78 1.36 39.75 50.67 3.02 5.91 Japan Jan : 2.44 0.16 20.44 16.24 20.74 0.00 2.30 Feb : 2.44 0.16 20.44 16.24 20.74 0.00 2.30 Mexico Jan : 2.80 26.18 8.58 19.10 34.55 0.05 2.95 Feb : 2.80 26.18 8.75 19.28 34.73 0.05 2.95 Southeast Asia Jan : 1.65 15.06 3.55 13.94 18.67 0.25 1.34 Feb : 1.65 15.06 3.63 14.07 18.79 0.20 1.34 South Korea Jan : 0.48 0.49 8.91 6.91 9.36 0.00 0.52 Feb : 0.48 0.49 9.41 7.41 9.86 0.00 0.52 Selected other : China Jan : 40.12 139.10 2.95 97.87 134.22 5.03 42.92 Feb : 40.12 139.10 3.05 97.87 134.32 8.03 39.92 FSU-12 6/ Jan : 4.53 41.07 1.34 23.36 40.65 2.04 4.25 Feb : 4.53 40.87 1.61 18.38 41.17 2.06 3.78 Russia Jan : 1.77 22.40 1.15 12.10 24.25 0.25 0.82 Feb : 1.77 21.80 1.37 6.47 23.87 0.25 0.82 Ukraine Jan : 1.59 9.70 0.00 5.68 8.97 1.01 1.31 Feb : 1.59 9.95 0.00 6.07 9.46 1.01 1.07 =============================================================================== 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-359-20 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/ : 92.87 575.52 71.17 407.95 581.59 71.48 86.81 United States : 22.43 233.86 0.22 139.83 185.09 38.21 33.22 Total foreign : 70.44 341.66 70.95 268.12 396.50 33.27 53.59 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 47.35 94.95 132.96 12.40 16.81 EU-15 : 3.28 38.52 10.27 30.74 38.96 8.74 4.37 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/ : 86.81 605.27 76.62 408.90 582.75 75.56 109.32 United States : 33.22 247.88 0.48 139.60 185.88 50.31 45.39 Total foreign : 53.59 357.39 76.15 269.30 396.88 25.25 63.93 Major exporters 4/ : 3.09 20.60 0.50 9.25 13.55 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 0.50 4.35 7.05 0.70 1.40 Major importers 5/ : 16.81 94.23 50.22 94.72 133.98 11.67 15.61 EU-15 : 4.37 35.12 11.77 29.84 37.86 8.93 4.47 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-359-21 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/ : January : 108.44 597.99 75.33 419.47 596.90 78.12 109.53 February : 109.32 599.93 76.58 423.23 600.87 80.34 108.38 United States : January : 45.39 239.72 0.38 143.52 191.78 50.17 43.55 February : 45.39 239.72 0.38 143.52 191.78 49.53 44.18 Total foreign : January : 63.05 358.27 74.95 275.95 405.12 27.96 65.99 February : 63.93 360.21 76.20 279.71 409.09 30.81 64.20 Major exporters 4/ : January : 2.14 24.00 0.10 9.25 14.30 9.80 2.14 February : 2.14 24.50 0.10 9.45 14.10 10.20 2.44 Argentina Jan : 0.74 15.50 0.00 5.00 6.80 8.70 0.74 Feb : 0.74 15.50 0.00 5.00 6.80 8.70 0.74 South Africa Jan : 1.40 8.50 0.10 4.25 7.50 1.10 1.40 Feb : 1.40 9.00 0.10 4.45 7.30 1.50 1.70 Major importers 5/ : January : 15.03 98.63 49.28 98.07 136.25 11.54 15.15 February : 15.61 99.15 50.04 99.60 137.76 11.09 15.95 EU-15 Jan : 3.89 37.02 10.71 30.65 38.74 8.31 4.56 Feb : 4.47 37.02 10.69 30.92 39.02 8.11 5.04 Japan Jan : 1.36 0.00 16.25 12.15 16.35 0.00 1.26 Feb : 1.36 0.00 16.25 12.15 16.35 0.00 1.26 Mexico Jan : 1.65 19.00 5.00 8.35 23.40 0.05 2.20 Feb : 1.65 19.00 5.00 8.35 23.40 0.05 2.20 Southeast Asia Jan : 1.65 14.86 3.55 13.75 18.47 0.25 1.34 Feb : 1.65 14.86 3.63 13.88 18.59 0.20 1.34 South Korea Jan : 0.48 0.09 8.50 6.60 8.55 0.00 0.52 Feb : 0.48 0.09 9.00 7.10 9.05 0.00 0.52 Selected other : China Jan : 38.62 128.00 0.25 95.00 119.95 5.00 41.92 Feb : 38.62 128.00 0.25 95.00 119.95 8.00 38.92 FSU-12 6/ Jan : 1.33 4.21 0.55 3.44 4.76 0.25 1.08 Feb : 1.33 5.46 0.75 4.48 6.20 0.25 1.10 Russia Jan : 0.16 1.00 0.50 0.85 1.55 0.00 0.11 Feb : 0.16 1.10 0.70 1.15 1.85 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-359-22 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/ : 51.31 386.88 24.72 383.27 26.94 54.92 United States : 0.87 5.75 0.29 3.30 2.73 0.88 Total foreign : 50.44 381.13 24.43 379.96 24.20 54.05 Major exporters 4/ : 10.65 121.48 0.01 104.92 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/ : 5.96 49.26 13.92 60.65 1.42 7.07 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/ : 54.92 392.96 25.80 389.21 26.89 58.67 United States : 0.88 5.91 0.33 3.75 2.68 0.69 Total foreign : 54.05 387.04 25.46 385.46 24.21 57.98 Major exporters 4/ : 11.67 125.96 0.11 108.23 16.52 13.00 Thailand : 1.05 15.18 0.00 8.90 6.68 0.65 Vietnam : 0.00 20.11 0.10 15.57 4.64 0.00 Major importers 5/ : 7.07 52.45 12.62 61.65 1.27 9.23 Indonesia : 3.53 32.10 3.90 35.50 0.00 4.03 Selected other : China : 26.72 139.10 0.17 136.75 2.71 26.54 Japan : 3.05 8.15 0.75 9.20 0.20 2.55 : : 1999/00 (Projected) World 3/ : January : 57.13 396.51 22.51 394.82 23.98 58.82 February : 58.67 397.42 21.28 396.68 23.60 59.41 United States : January : 0.69 6.64 0.34 3.68 2.59 1.41 February : 0.69 6.64 0.34 3.68 2.71 1.28 Total foreign : January : 56.44 389.87 22.17 391.14 21.40 57.41 February : 57.98 390.78 20.94 393.00 20.89 58.14 Major exporters 4/ : January : 12.03 125.25 0.00 109.45 13.80 14.03 February : 13.00 125.25 0.15 110.40 13.00 15.00 Thailand Jan : 0.68 15.85 0.00 9.00 6.00 1.53 Feb : 0.65 15.85 0.00 9.00 5.50 2.00 Vietnam Jan : 0.00 20.10 0.00 15.80 4.30 0.00 Feb : 0.00 20.10 0.10 16.20 4.00 0.00 Major importers 5/ : January : 8.71 52.47 10.97 62.83 1.16 8.17 February : 9.23 52.77 9.27 62.60 1.18 7.49 Indonesia Jan : 4.03 32.10 3.00 35.70 0.00 3.43 Feb : 4.03 32.10 2.00 35.70 0.00 2.43 Selected other : China Jan : 26.47 141.00 0.40 138.00 2.85 27.02 Feb : 26.54 141.00 0.40 138.00 2.85 27.09 Japan Jan : 2.35 8.35 0.72 9.45 0.40 1.57 Feb : 2.55 8.35 0.72 9.45 0.40 1.77 =============================================================================== 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-359-23 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 38.98 125.96 148.45 40.47 21.60 United States : 3.59 73.18 0.14 43.46 47.70 23.76 5.44 Total foreign : 9.87 84.90 38.85 82.50 100.74 16.71 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 29.62 34.74 46.97 0.96 1.76 EU-15 : 0.84 1.57 16.29 15.46 17.07 0.78 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 39.61 133.96 157.62 38.50 24.01 United States : 5.44 74.60 0.08 43.26 48.82 21.81 9.48 Total foreign : 16.16 84.33 39.53 90.69 108.80 16.69 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 30.85 36.40 48.54 0.85 1.69 EU-15 : 0.85 1.54 16.34 15.66 17.15 0.67 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/ : January : 24.02 153.75 40.94 133.29 155.94 41.12 21.65 February : 24.01 153.25 41.89 134.21 156.93 41.28 20.93 United States : January : 9.48 71.93 0.08 43.68 48.02 23.54 9.93 February : 9.48 71.93 0.08 43.54 47.88 24.22 9.39 Total foreign : January : 14.53 81.82 40.86 89.61 107.92 17.58 11.71 February : 14.53 81.32 41.80 90.67 109.05 17.06 11.54 Major exporters 3/ : January : 12.12 53.00 1.20 39.40 42.37 14.60 9.35 February : 12.12 52.50 1.20 39.10 42.07 14.80 8.95 Argentina Jan : 6.12 19.00 0.50 17.80 18.47 3.00 4.15 Feb : 6.12 19.50 0.50 17.80 18.47 3.50 4.15 Brazil Jan : 6.00 31.00 0.70 21.10 23.30 9.20 5.20 Feb : 6.00 30.50 0.70 20.90 23.10 9.30 4.80 Major importers 4/ : January : 1.69 17.09 31.64 34.99 47.38 1.54 1.50 February : 1.69 17.09 32.48 36.60 48.93 0.82 1.50 EU-15 Jan : 0.91 1.16 16.09 14.47 15.96 1.43 0.76 Feb : 0.91 1.16 16.33 15.48 16.92 0.71 0.76 Japan Jan : 0.51 0.17 4.60 3.52 4.82 0.00 0.45 Feb : 0.51 0.17 4.70 3.62 4.92 0.00 0.45 China Jan : 0.00 14.00 4.30 11.50 18.20 0.10 0.00 Feb : 0.00 14.00 4.80 12.00 18.70 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-359-24 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/ : 3.77 100.16 37.18 100.34 37.05 3.72 United States : 0.19 34.63 0.05 26.21 8.46 0.20 Total foreign : 3.58 65.53 37.13 74.12 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 21.65 25.52 42.26 5.05 1.07 EU-15 : 0.88 12.10 16.78 23.88 5.00 0.88 China : 0.00 8.58 4.20 12.76 0.02 0.00 : : 1998/99 (Estimated) World 2/ : 3.72 105.86 38.48 104.54 39.13 4.39 United States : 0.20 34.28 0.09 27.82 6.46 0.30 Total foreign : 3.53 71.58 38.38 76.72 32.67 4.10 Major exporters 3/ : 1.31 34.81 0.10 8.30 26.50 1.41 Argentina : 0.36 14.00 0.00 0.46 13.40 0.50 Brazil : 0.94 16.60 0.10 6.50 10.30 0.84 India : 0.00 4.21 0.00 1.34 2.80 0.07 Major importers 4/ : 1.07 22.74 25.79 43.36 5.04 1.19 EU-15 : 0.88 12.14 19.18 26.23 5.02 0.94 China : 0.00 9.45 1.40 10.84 0.01 0.00 : : 1999/00 (Projected) World 2/ : January : 4.41 105.64 39.60 106.11 39.63 3.91 February : 4.39 106.20 37.85 106.01 38.72 3.72 United States : January : 0.30 34.58 0.05 28.26 6.44 0.23 February : 0.30 34.51 0.05 28.26 6.35 0.25 Total foreign : January : 4.11 71.06 39.56 77.85 33.18 3.68 February : 4.10 71.69 37.81 77.75 32.38 3.47 Major exporters 3/ : January : 1.41 34.89 0.10 8.46 26.77 1.16 February : 1.41 34.49 0.10 8.73 26.11 1.16 Argentina Jan : 0.50 14.40 0.00 0.47 14.07 0.36 Feb : 0.50 14.40 0.00 0.47 14.07 0.36 Brazil Jan : 0.84 16.67 0.10 6.70 10.10 0.80 Feb : 0.84 16.50 0.10 6.90 9.74 0.80 India Jan : 0.07 3.82 0.00 1.29 2.60 0.00 Feb : 0.07 3.58 0.00 1.36 2.30 0.00 Major importers 4/ : January : 1.19 21.68 26.49 43.16 5.13 1.08 February : 1.19 22.69 25.20 42.89 5.12 1.07 EU-15 Jan : 0.94 11.34 20.02 26.35 5.11 0.83 Feb : 0.94 11.92 19.22 26.15 5.11 0.83 China Jan : 0.00 9.17 1.12 10.28 0.01 0.00 Feb : 0.00 9.60 0.62 10.21 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-359-25 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 22.83 6.80 22.54 6.99 2.66 United States : 0.69 8.23 0.03 6.92 1.40 0.63 Total foreign : 1.86 14.60 6.78 15.62 5.60 2.03 Major exporters 3/ : 0.86 8.73 0.73 4.42 4.96 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 : 0.18 2.76 0.53 1.60 1.69 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 24.26 7.79 24.50 7.91 2.30 United States : 0.63 8.20 0.04 7.10 1.08 0.69 Total foreign : 2.03 16.06 7.75 17.39 6.83 1.61 Major exporters 3/ : 0.93 9.79 0.79 4.55 6.17 0.80 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 2.70 0.58 1.71 1.59 0.16 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/ : January : 2.32 24.15 7.27 23.90 7.40 2.44 February : 2.30 24.17 7.40 24.13 7.37 2.37 United States : January : 0.69 8.19 0.04 7.17 0.79 0.96 February : 0.69 8.20 0.04 7.21 0.75 0.97 Total foreign : January : 1.63 15.96 7.24 16.73 6.61 1.48 February : 1.61 15.97 7.36 16.92 6.62 1.41 Major exporters 3/ : January : 0.81 9.74 0.65 4.46 5.92 0.82 February : 0.80 9.74 0.77 4.55 5.94 0.81 Argentina Jan : 0.31 3.21 0.00 0.11 3.08 0.33 Feb : 0.31 3.21 0.00 0.11 3.08 0.33 Brazil Jan : 0.33 3.95 0.22 2.80 1.34 0.35 Feb : 0.33 3.91 0.22 2.80 1.30 0.35 EU-15 Jan : 0.18 2.58 0.43 1.55 1.49 0.14 Feb : 0.16 2.62 0.55 1.65 1.55 0.13 Major importers 4/ : January : 0.32 2.79 1.90 4.72 0.08 0.21 February : 0.32 2.81 1.80 4.69 0.08 0.16 China Jan : 0.30 1.91 0.85 2.83 0.08 0.15 Feb : 0.30 1.98 0.75 2.80 0.08 0.15 Pakistan Jan : 0.02 0.00 0.30 0.31 0.00 0.01 Feb : 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-359-26 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 24.71 74.82 19.31 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-359-27 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 : January : 41.74 86.36 26.65 88.19 26.48 0.21 39.87 February : 41.74 86.92 26.90 88.54 26.53 0.21 40.28 United States : January : 3.94 16.95 0.08 10.20 6.40 -0.03 4.40 February : 3.94 16.95 0.08 10.20 6.40 -0.03 4.40 Total foreign : January : 37.80 69.41 26.58 77.99 20.08 0.24 35.47 February : 37.80 69.97 26.83 78.34 20.13 0.24 35.88 Major exporters 5/ : January : 12.58 40.03 1.25 24.37 15.74 0.07 13.68 February : 12.58 40.08 1.67 24.67 15.65 0.07 13.94 Pakistan Jan : 1.71 8.00 0.50 7.30 0.70 0.03 2.19 Feb : 1.71 8.20 0.50 7.40 0.70 0.03 2.29 India Jan : 4.68 13.00 0.45 13.00 0.20 0.00 4.93 Feb : 4.68 13.00 0.80 13.20 0.10 0.00 5.18 Central Asia 6/Jan : 1.54 7.56 0.01 1.26 5.75 0.00 2.11 Feb : 1.54 7.56 0.01 1.26 5.85 0.00 2.01 Afr. Fr. Zn. 7/Jan : 1.07 4.14 4/ 0.28 3.71 0.00 1.22 Feb : 1.07 4.08 4/ 0.28 3.67 0.00 1.20 S. Hemis 8/ Jan : 2.39 4.85 0.19 1.22 4.01 0.02 2.18 Feb : 2.39 4.74 0.26 1.22 3.98 0.02 2.16 Australia Jan : 1.21 3.10 4/ 0.20 2.80 0.00 1.31 Feb : 1.21 3.10 4/ 0.20 2.80 0.00 1.31 Argentina Jan : 0.80 0.55 0.04 0.40 0.50 0.01 0.47 Feb : 0.80 0.55 0.04 0.40 0.50 0.01 0.47 Major importers Jan : 23.44 26.43 19.85 46.50 3.13 0.17 19.91 Feb : 23.44 26.91 19.68 46.55 3.25 0.17 20.05 Brazil Jan : 1.45 1.90 2.00 3.80 0.00 0.00 1.55 Feb : 1.45 2.20 1.90 3.90 0.00 0.00 1.65 Mexico Jan : 0.45 0.60 2.10 2.45 0.20 0.03 0.47 Feb : 0.45 0.63 2.10 2.45 0.20 0.03 0.50 China Jan : 17.43 17.60 0.15 20.50 1.20 0.00 13.48 Feb : 17.43 17.60 0.15 20.50 1.20 0.00 13.48 Europe Jan : 1.90 2.33 5.45 6.18 1.44 0.05 2.01 Feb : 1.90 2.48 5.43 6.18 1.56 0.05 2.02 Turkey Jan : 0.58 3.95 1.40 5.10 0.20 0.00 0.63 Feb : 0.58 3.95 1.40 5.10 0.20 0.00 0.63 Sel. Asia 9/ Jan : 1.63 0.05 8.75 8.48 0.09 0.10 1.77 Feb : 1.63 0.05 8.70 8.43 0.09 0.10 1.77 Indonesia Jan : 0.19 0.02 2.50 2.40 0.00 0.05 0.26 Feb : 0.19 0.02 2.50 2.40 0.00 0.05 0.26 S. Korea Jan : 0.39 4/ 1.60 1.55 0.04 0.00 0.41 Feb : 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-359-28 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 6658 157.4 : 1999 : I : 6397 4865 11384 7295 1206 8638 20022 1693 40.5 II : 6627 4631 11368 7594 1336 9072 20440 1706 42.0 III : 6841 4672 11627 7486 1362 8986 20613 1728 39.8 IV : 6525 5110 11760 7313 1392 8838 20598 1785 40.4 Annual : Jan Est : 26390 19293 46152 29674 5279 35506 81658 6901 162.5 Feb Est : 26390 19278 46139 29687 5296 35534 81673 6911 162.7 : 2000 : I *: 6475 4775 11364 7650 1275 9065 20429 1750 41.8 II *: 6525 4500 11128 7900 1350 9400 20528 1745 42.8 III *: 6675 4525 11302 7800 1375 9315 20617 1765 40.4 IV *: 6025 4800 10930 7800 1400 9335 20265 1820 40.5 Annual : Jan Proj : 25050 18575 44049 31150 5400 37115 81164 7080 165.0 Feb Proj : 25700 18600 44724 31150 5400 37115 81839 7080 165.5 =============================================================================== * 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 =============================================================================== 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 : 69.65 36.40 57.6 76.9 63.0 13.83 Annual : Jan Est : 65.55 34.00 58.1 69.0 65.6 14.39 Feb Est : 65.56 34.03 58.1 69.0 65.6 14.38 : 2000 : I *: 67-69 38-40 55-57 62-64 62-64 11.60-11.90 II *: 67-71 39-41 55-59 64-68 53-57 11.30-11.90 III *: 66-72 40-44 56-60 66-72 58-62 12.20-13.10 IV *: 67-73 36-40 54-58 72-78 62-68 13.70-14.70 Annual : Jan Proj : 67-72 37-40 55-59 67-71 58-62 12.15-12.95 Feb Proj : 67-71 39-41 55-59 66-70 59-63 12.20-12.90 =============================================================================== *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-359-29 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 Est. Jan : 393 26496 2877 29766 2374 400 26992 69.2 Feb : 393 26496 2877 29766 2374 411 26981 69.2 2000 Proj. Jan : 400 25156 3015 28571 2310 365 25896 65.9 Feb : 411 25806 3015 29232 2325 365 26542 67.5 : PORK : 1998 : 408 19011 704 20123 1229 586 18308 52.5 1999 Est. Jan : 586 19323 822 20731 1272 500 18959 53.9 Feb : 586 19308 822 20716 1272 489 18955 53.9 2000 Proj. Jan : 500 18605 800 19905 1200 500 18205 51.3 Feb : 489 18630 800 19919 1200 500 18219 51.4 : TOTAL RED MEAT 4/ : 1998 : 895 45284 3458 49637 3406 996 45235 122.6 1999 Est. Jan : 996 46301 3809 51106 3652 915 46539 124.9 Feb : 996 46288 3807 51091 3652 914 46525 124.9 2000 Proj. Jan : 915 44198 3929 49042 3516 879 44647 118.9 Feb : 914 44873 3929 49716 3531 879 45306 120.6 : BROILERS : 1998 : 607 27612 5 28225 4673 711 22841 72.5 1999 Est. Jan : 711 29402 4 30117 4631 800 24685 77.7 Feb : 711 29415 4 30130 4706 795 24628 77.5 2000 Proj. Jan : 800 30858 4 31662 4750 890 26022 81.2 Feb : 795 30858 4 31657 4825 890 25942 81.0 : TURKEYS : 1998 : 415 5215 0 5630 446 304 4880 18.0 1999 Est. Jan : 304 5213 0 5517 361 225 4931 18.1 Feb : 304 5230 0 5534 371 252 4911 18.0 2000 Proj. Jan : 225 5332 0 5557 390 250 4917 17.9 Feb : 252 5332 0 5584 390 250 4944 18.0 : TOTAL POULTRY 5/ : 1998 : 1029 33352 6 34387 5545 1022 27821 90.9 1999 Est. Jan : 1022 35169 6 36197 5398 1030 29769 96.3 Feb : 1022 35197 6 36225 5483 1055 29686 96.0 2000 Proj. Jan : 1030 36756 4 37790 5555 1145 31090 99.6 Feb : 1055 36756 4 37815 5630 1145 31040 99.5 : RED MEAT & POULTRY: 1998 : 1924 78636 3464 84024 8950 2018 73057 213.5 1999 Est. Jan : 2018 81470 3815 87303 9050 1945 76308 221.2 Feb : 2018 81485 3813 87316 9135 1969 76212 220.9 2000 Proj. Jan : 1945 80954 3933 86832 9071 2024 75738 218.5 Feb : 1969 81629 3933 87531 9161 2024 76347 220.0 ============================================================================ 1/ Total including farm production for red meats and, for poultry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis. 3/ 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-359-30 U.S. Egg Supply and Use =============================================================================== : : : 1999 Estimated : 2000 Projected : : :-----------------:----------------- Commodity : 1997 : 1998 : Jan : Feb : Jan : Feb =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 8.5 7.4 8.4 8.4 8.0 7.7 Production : 6473.1 6657.9 6901.4 6911.0 7080.0 7080.0 Imports : 6.9 5.8 7.4 7.4 4.0 4.0 Total supply : 6488.5 6671.2 6917.2 6926.8 7092.0 7091.7 : Use : Exports : 227.8 218.8 158.9 158.9 160.0 160.0 Hatching use : 894.7 921.8 941.3 941.3 1000.0 1000.0 Ending stocks : 7.4 8.4 8.0 7.7 5.0 5.0 Consumption : Total : 5358.6 5522.2 5809.0 5818.9 5927.0 5926.7 Per capita (number) : 240.1 244.9 255.3 255.7 258.4 258.4 =============================================================================== U.S. Milk Supply, Use and Prices =============================================================================== : : : 1998/99 Est 1/ : 1999/00 Proj 1/ Commodity :1996/97:1997/98:-----------------:----------------- : 1/ : 1/ : Jan : Feb : Jan : Feb =============================================================================== MILK : Billion pounds Supply : Beg. commercial stocks 2/ : 4.9 5.9 5.8 5.8 7.5 7.5 Production : 155.9 156.5 161.2 161.2 164.9 165.4 Farm use : 1.4 1.4 1.3 1.3 1.3 1.3 Marketings : 154.5 155.2 159.9 159.9 163.6 164.2 Imports 2/ : 2.8 4.0 4.8 4.8 4.2 4.1 Total cml. supply 2/ : 162.3 165.1 170.5 170.5 175.2 175.7 Use : Commercial use 2/ 3/ : 155.6 158.6 162.8 162.8 167.8 168.2 Ending commercial stks. 2/: 5.9 5.8 7.5 7.5 6.8 6.9 CCC net removals: : Milkfat basis 4/ : 0.7 0.7 0.3 0.3 0.6 0.6 Skim-solids basis 4/ : 2.7 4.5 5.4 5.4 6.5 6.7 : : Dollars per cwt Milk Prices : Basic Formula/Class III 5/: 11.88 13.28 14.04 14.04 10.20- 10.10- : 10.70 10.60 All milk 6/ : 13.53 14.60 15.37 15.37 12.20- 12.20- : 12.70 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 : 222 368 449 449 545 560 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-359-31 Note: Tables on pages 31-33 present a 18-year record of the differences between the February projection and the final estimate. Using world wheat production as an example, changes between the February projection and the final estimate have averaged 2.5 million tons (0.5%) ranging from -7.3 to 6.8 million tons. The February projection has been below the estimate 13 times and above 5 times. Reliability of February 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 : 0.5 2.5 -7.3 6.8 13 5 U.S. : 0.1 0.0 0.1 0.1 8 4 Foreign : 0.6 2.5 -7.3 6.8 13 5 Exports : World : 2.7 3.0 -10.9 5.0 11 7 U.S. : 3.2 1.1 -1.4 3.0 8 10 Foreign : 3.8 3.0 -9.5 4.1 14 4 Domestic use : World : 0.9 4.7 -9.7 9.1 9 9 U.S. : 3.7 1.1 -2.4 2.4 7 11 Foreign : 0.9 4.3 -8.2 8.5 9 9 Ending stocks : World : 3.2 3.9 -10.9 4.1 11 7 U.S. : 7.5 1.5 -4.4 3.2 11 7 Foreign : 3.6 3.2 -9.5 3.7 9 9 : COARSE GRAINS 3/ : Production : World : 0.8 6.6 -17.6 7.3 13 5 U.S. : 0.1 0.1 -0.2 1.3 10 4 Foreign : 1.1 6.6 -17.6 7.3 11 6 Exports : World : 3.8 3.9 -10.4 13.8 13 5 U.S. : 8.2 4.1 -8.7 12.2 10 8 Foreign : 5.7 2.9 -6.9 7.2 10 8 Domestic use : World : 1.0 8.0 -16.2 28.9 7 11 U.S. : 3.0 5.2 -17.3 11.5 6 12 Foreign : 1.0 6.6 -12.5 22.2 11 7 Ending stocks : World : 7.6 10.2 -29.9 16.4 15 3 U.S. : 9.5 5.8 -16.9 18.5 10 8 Foreign : 9.1 6.4 -20.3 9.7 15 3 : RICE, milled : Production : World : 1.5 4.9 -14.0 1.8 15 3 U.S. : 1.0 0.1 -0.3 0.1 6 1 Foreign : 1.5 4.8 -14.0 1.8 15 3 Exports : World : 7.9 1.4 -5.2 1.3 15 3 U.S. : 6.0 0.2 -0.5 0.2 8 8 Foreign : 9.0 1.3 -5.0 1.2 15 3 Domestic use : World : 1.2 3.7 -12.8 2.3 12 6 U.S. : 5.8 0.1 -0.4 0.4 9 9 Foreign : 1.2 3.7 -13.0 2.5 12 6 Ending stocks : World : 7.7 3.1 -13.6 4.0 14 4 U.S. : 15.3 0.2 -0.3 0.4 10 8 Foreign : 8.0 3.1 -13.8 4.0 14 3 ------------------------------------------------------------------------------- 1/ Footnotes at end of table. CONTINUED WASDE-359-32 Reliability of February 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 : 1.6 1.8 -3.9 2.1 12 6 U.S. : 1.1 0.6 -1.6 1.8 7 8 Foreign : 3.1 1.7 -4.6 2.2 14 4 Exports : World : 3.0 0.9 -1.9 1.7 11 7 U.S. : 5.4 1.1 -2.2 3.7 9 9 Foreign : 13.6 1.1 -3.3 2.3 9 9 Domestic use : World : 2.1 2.4 -5.4 2.5 10 8 U.S. : 2.4 0.9 -3.0 1.0 13 5 Foreign : 2.3 1.8 -3.6 2.1 11 7 Ending stocks : World : 10.6 1.9 -3.9 5.1 10 8 U.S. : 20.2 1.6 -3.4 4.9 6 12 Foreign : 12.6 1.4 -2.8 3.1 11 7 : COTTON : Million 480-pound bales Production : World : 1.9 1.6 -5.4 2.8 12 6 U.S. : 0.6 0.1 0.1 0.3 4 13 Foreign : 2.4 1.7 -5.7 2.7 12 6 Exports : World : 3.5 0.8 -2.5 0.9 9 9 U.S. : 7.1 0.4 -1.0 1.0 7 10 Foreign : 4.8 0.9 -3.5 1.0 9 9 Mill use : World : 1.8 1.4 -6.0 1.3 9 9 U.S. : 3.6 0.3 -0.9 0.3 14 3 Foreign : 1.8 1.3 -5.5 1.6 9 9 Ending stocks : World : 8.6 2.8 -6.0 7.9 8 9 U.S. : 11.3 0.5 -0.7 2.1 6 12 Foreign : 9.0 2.7 -6.2 7.4 9 9 ------------------------------------------------------------------------------- 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-359-33 Reliability of United States February 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 : 0.1 3 -8 38 2 1 Exports : 8.4 142 -379 384 10 8 Domestic use : 3.0 178 -474 345 7 11 Ending stocks : 11.7 230 -635 838 11 7 : SORGHUM : Production : 0.1 0 0 4 0 2 Exports : 14.3 34 -90 97 11 6 Domestic use : 9.0 44 -178 100 9 9 Ending stocks : 32.4 39 -69 148 7 11 : BARLEY : Production : 0.3 2 -3 11 8 2 Exports : 11.7 9 -35 23 6 11 Domestic use : 5.7 23 -38 70 9 8 Ending stocks : 9.9 18 -52 24 12 5 : OATS : Production : 0.1 0 -2 1 3 2 Exports : 34.8 1 -1 3 3 5 Domestic use : 3.1 13 -26 36 8 10 Ending stocks : 10.9 15 -47 21 10 8 : : Thousand short tons SOYBEAN MEAL : Production : 2.2 673 -2328 717 14 4 Exports : 7.8 527 -1900 941 12 6 Domestic use : 2.0 444 -1200 525 14 4 Ending stocks : 34.7 84 -214 208 7 10 : : Million pounds SOYBEAN OIL : Production : 2.3 325 -1173 365 13 5 Exports : 17.6 267 -700 814 7 11 Domestic use : 2.0 241 -735 300 13 4 Ending stocks : 17.1 243 -692 415 10 8 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 2.3 546 -741 1613 11 5 Pork : 3.0 487 -1240 1717 10 6 Broilers : 1.6 323 -729 484 10 6 Turkeys : 2.1 91 -177 161 9 7 : : Million dozen Eggs : 1.4 83 -127 169 10 6 : : Billion pounds Milk : 1.0 1.4 -3.2 3.6 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-359-34 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 ----