WASDE-373 April 10, 2001 WHEAT: Projected U.S. 2000/01 ending stocks of wheat are down 5 million bushels from last month due to lower imports. Adjustments are also made in imports, domestic use, and ending stocks of wheat by class. The projected price range is unchanged at $2.60 to $2.70 per bushel. World 2000/01 production and trade projections are little changed from last month, but ending stocks are higher due to reduced domestic use. EU domestic use is reduced for this year and last, with a resulting rise of more than 2 million tons in projected 2000/01 ending stocks. Projected ending stocks for India are up almost 4 million tons from last month because recent official data show larger Government stocks than expected. Global trade is little changed from last month, with higher India exports offset by a reduction for Canada. COARSE GRAINS: Projected U.S. 2000/01 ending stocks of corn are up 10 million bushels from last month as higher domestic use almost offsets reduced export prospects. Feed and residual use is 50 million bushels above last month's forecast because the March 1 stocks indicated larger-than-expected use in the December-February quarter. Food use is down 10 million bushels from last month, while exports are reduced 50 million bushels because of increased competition. The projected price range is up 10 cents on the low end to $1.80 to $1.90 per bushel. Prices to date have been a little stronger than expected and the recently released Prospective Plantings report shows farmers intend to plant fewer acres of corn for the 2001 crop than expected. Global 2000/01 world coarse grain supply and use projections are little changed in aggregate from last month, but there are numerous country-specific changes. Global production is projected up marginally as increases for corn in Argentina, Brazil, Hungary, and Romania are partially offset by reductions for corn in Indonesia and Turkey, Syria barley, and Mexico corn and sorghum. Global imports are little changed from last month as there are numerous offsetting changes. Global exports are also little changed from last month as increases for Brazil, Argentina, Hungary, and Thailand are offset by lower expected shipments by the United States and Ukraine. RICE: The U.S. 2000/01 rice crop is estimated at 190.9 million cwt, down slightly from last month and a decrease of 15 million cwt from the 1999/2000 record. The National Agricultural Statistics Service (NASS) revised 2000/01 rice area, yield, and production in the Rice Stocks report released on March 30. NASS estimates 2000/01 planted area at 3.06 million acres, down slightly from last month, and down 13 percent from 1999/2000. Revisions were made by type of rice with planted area of long-grain rice lowered 46,000 acres and area in combined medium- and short-grain production increased 41,000 acres. Long-grain production is estimated at 128.8 million cwt, down 2.7 million cwt from last month while combined medium- and short-grain production is estimated at 62.1 million cwt, an increase of 2.5 million cwt from last month. Imports are raised slightly based on the pace of imports during the first half of the marketing year reported by the Bureau of the Census. On the use side, domestic and residual use is lowered 1.7 million cwt because of an upward adjustment in the average milling yield and a downward adjustment in seed use. The average milling yield is revised upwards to 70.5 percent, compared to 69.5 percent last month and 69.6 percent in 1999/2000. Seed use is lowered slightly based on planting intentions for the 2001/02 crop published in the Prospective Plantings report. U.S. exports for 2000/01 are projected at 83 million hundredweight, up 2 million hundredweight from last month, but down nearly 6 million cwt from 1999/2000. Rough rice exports are raised 1 million cwt to a record 27 million cwt. The pace of rough rice exports through the first 8 months of the marketing year has been brisk, particularly to Mexico, Central America, and Turkey. In addition, milled grain exports are raised 1 million cwt to 56 million cwt. Long-grain and combined medium- and short-grain exports are each increased 1 million cwt to 64 million cwt and 19 million cwt, respectively. All- rice ending stocks are projected at 24.3 million cwt, down slightly from last month. Ending stocks of long-grain rice are projected at 11 million cwt, down nearly 2 million from last month and a decrease of 4.6 million cwt from 1999/2000. Combined medium- and short-grain stocks are projected at 11.9 million cwt, an increase of 1.6 million cwt from last month and up 1.5 million from 1999/2000. The season- average price range for 2000/01 is narrowed $0.05 per cwt on each end to $5.65 to $5.75 per cwt. Global production, imports, and ending stocks for 2000/01 are raised from a month ago, while consumption is nearly unchanged. The increase in global production is due primarily to increases in crops in Colombia, Pakistan, and Thailand, partially offset by reductions in Brazil and Indonesia. Indonesia's imports in 2000/01 are raised 500,000 tons to 1.8 million tons. Global ending stocks for 2000/01 are raised 0.9 million tons, based largely on increases in India, Pakistan, Thailand, Peru, the Philippines, and Indonesia. OILSEEDS: U.S. soybean exports for 2000/01 are projected at 990 million bushels, up 15 million bushels from last month based largely on increased import prospects for China. A 900,000-ton-increase in China's prospective soybean imports, to 10.2 million tons, reduces the impact of larger foreign supplies on U.S. soybean exports. However, record large crops for South America will slow the pace of U.S. soybean shipments for the remainder of the marketing year. U.S. soybean crush is unchanged from last month. Residual use this month is raised 14 million bushels based on indications from the Grain Stocks report. U.S. soybean ending stocks are reduced 30 million bushels from last month to 300 million bushels, just 10 million bushels above last year's level. Soybean oil ending stocks are projected at 2,120 million pounds, down 110 million pounds from last month, based on lower production and an increase in projected domestic use. Production declines are due to reduced extraction rates. U.S. season-average soybean prices for 2000/01 are projected at $4.45 to $4.55 per bushel, a 10-cent reduction in the top of the range. Soybean oil prices are raised this month to 13.25 to 14.75 cents per pound. Soybean meal prices are projected at $165 to $175 per ton, a $5.00 reduction in both ends of the range. Weaker soybean and soybean meal prices are partially due to larger South American soybean crops and to larger-than-expected U.S. soybean planting intentions reported on March 30. Global oilseed production for 2000/01 is projected at a record 306.8 million tons, up 0.7 million tons from last month, and up 4.4 million from last year. Foreign oilseed production is increased this month to a record 221.5 million tons, led by a 1-million- ton increase in Argentina's soybean crop to a record 26.0 million tons. Yield projections are increased this month as timely rains continue to boost crop prospects. Other soybean changes include a 0.3- million-ton reduction for Bolivia as dry weather has reduced crop prospects. Global soybean production for 2000/01 is estimated at a record 170.3 million tons, more than 10 million tons above last year's level. Global sunflowerseed production is reduced 500,000 tons this month based mostly on reductions for Argentina. Other production changes include a combined 500,000-ton-increase for peanuts, cottonseed, and palm kernel. Prospective world production of vegetable oils is increased 200,000 tons this month as gains in both palm oil and palm kernel oil are only partially offset by reductions in sunflowerseed oil and olive oil. Malaysian palm oil production is revised up 0.2 million this month to a record 11.9 million tons. Global consumption of vegetable oils is forecast at 86.9 million tons, is up 0.3 million tons from last month and up 3.6 million tons above last year, led by increases in palm oil and palm kernel oil. Much of the increased usage this month is in South Asia and the Middle East. Larger use of palm oil in these areas is helped in part by reduced sunflowerseed oil availability. SUGAR: Projected fiscal-year 2000/01 U.S. sugar production is decreased 50,000 short tons, raw value, from last month. Cane sugar production in Florida is decreased 100,000 tons, based on preliminary estimates following completion of the grinding season on April 7. Beet sugar is increased 50,000 tons based on improved sugar recovery in February, in contrast to the below-average rate observed during October through January. Total use is unchanged, as cumulative shipments are near expectation through February. The season-ending stocks-to-use ratio is 18.7 percent, compared with 19.2 percent last month. LIVESTOCK, POULTRY, AND DAIRY: Projected total meat production for 2001 is lowered this month due to reduced forecasts for pork and poultry. Pork production is expected to expand about 1 percent this year. Producers intend to increase sow farrowings about 1 percent through the third quarter, and forecast breeding herd productivity gains are slower than previously expected. The beef production forecast is little changed from last month. Cattle weights are below last year due to cold, wet weather, but will recover as the weather improves. Broiler production for 2001 is reduced this month for 2001, but still remains 1 percent above the 2000 level. Slaughter and eggs set data point to a slight reduction in first- quarter production, the first year-over-year quarterly reduction since 1980. Forecast hog prices are increased due to the slower pace of production growth, while cattle prices are little changed from last month. The broiler price forecast is increased slightly in line with lower expected production. Milk production forecasts for 2000/01 are lowered this month as lower milk-per-cow data continue to indicate a decline in early-year productivity. Although productivity gains are forecast to resume later in the year, the recovery will be slower than forecast last month. Despite higher forecast milk prices, cow numbers are expected to continue declining through the year. CCC net removals of cheese are forecast lower as cheese demand remains strong. Lower milk production and strong demand for products are expected to boost milk prices. The Class III price is projected to average $10.80 to $11.10 per cwt. Class IV prices are raised to 13.00 to13.50 per cwt. The all milk price is forecast at $13.40 to $13.70 per cwt. COTTON: This month's 2000/01 U.S. projections reflect lower domestic mill use and higher ending stocks. Domestic mill use is now estimated at 9.3 million bales, down 200,000 bales from last month, and 9 percent below last year's level. The dampening effects of sluggish retail demand and rising textile imports have forced some mills to take spinning capacity off-line. Ending stocks are raised to 5.0 million bales. This month's world 2000/01 estimates include slightly lower production, consumption, and ending stocks. Production is reduced mainly in Argentina, India, and Turkey, partially offset by an increase for Brazil. Consumption is reduced in Turkey, the United States, and India, but is raised for Indonesia. Ending stocks are reduced marginally. 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: ANN M. VENEMAN SECRETARY OF AGRICULTURE * * * * * * * * * * * The next issue of this report will be released 8:30 a.m. ET on May 10, 2001. The World Agricultural Supply and Demand Estimates report will be released on the following dates in 2001: May 10, June 12, July 11, Aug. 10, Sept. 12, Oct. 12, Nov. 9, and Dec. 11. 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. 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WASDE-373-6 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/ : 1998/99 : 1,872.89 2,214.21 256.09 1,847.49 366.71 1999/00 (Est.) : 1,873.05 2,239.76 280.78 1,883.50 356.27 2000/01 (Proj.) : March : 1,835.91 2,191.70 264.63 1,879.20 312.49 April : 1,838.18 2,194.45 264.86 1,876.38 318.07 Wheat : 1998/99 : 588.80 726.97 122.58 589.75 137.22 1999/00 (Est.) : 587.51 724.74 135.19 598.39 126.35 2000/01 (Proj.) : March : 580.38 706.15 126.93 597.22 108.94 April : 580.67 707.02 126.93 593.41 113.61 Coarse grains 4/ : 1998/99 : 890.04 1,037.13 106.79 867.61 169.51 1999/00 (Est.) : 876.98 1,046.49 121.41 881.78 164.71 2000/01 (Proj.) : March : 856.27 1,021.26 113.94 878.35 142.91 April : 857.60 1,022.31 114.16 879.43 142.89 Rice, milled : 1998/99 : 394.06 450.10 26.72 390.13 59.98 1999/00 (Est.) : 408.56 468.53 24.18 403.33 65.21 2000/01 (Proj.) : March : 399.25 464.28 23.77 403.63 60.65 April : 399.90 465.11 23.77 403.54 61.57 : : United States Total grains 3/ : 1998/99 : 346.60 411.50 87.04 246.64 77.81 1999/00 (Est.) : 332.24 415.71 88.85 251.29 75.57 2000/01 (Proj.) : March : 340.99 422.18 89.60 255.03 77.54 April : 341.07 422.28 88.88 255.66 77.74 Wheat : 1998/99 : 69.33 91.79 28.36 37.69 25.74 1999/00 (Est.) : 62.57 90.89 29.65 35.38 25.85 2000/01 (Proj.) : March : 60.51 88.95 29.94 36.31 22.70 April : 60.51 88.81 29.94 36.31 22.57 Coarse grains 4/ : 1998/99 : 271.47 312.69 55.95 205.37 51.37 1999/00 (Est.) : 263.17 317.31 56.40 212.06 48.86 2000/01 (Proj.) : March : 274.45 326.02 57.11 214.84 54.07 April : 274.45 326.17 56.29 215.49 54.39 Rice, milled : 1998/99 : 5.80 7.01 2.73 3.59 0.69 1999/00 (Est.) : 6.50 7.52 2.80 3.85 0.87 2000/01 (Proj.) : March : 6.03 7.21 2.55 3.88 0.78 April : 6.10 7.30 2.65 3.87 0.78 =============================================================================== 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-373-7 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/ : 1998/99 : 1,526.29 1,802.71 169.05 1,600.85 288.90 1999/00 (Est.) : 1,540.81 1,824.05 191.92 1,632.21 280.69 2000/01 (Proj.) : March : 1,494.92 1,769.52 175.03 1,624.17 234.95 April : 1,497.11 1,772.17 175.98 1,620.72 240.33 Wheat : 1998/99 : 519.47 635.18 94.21 552.06 111.48 1999/00 (Est.) : 524.95 633.85 105.54 563.00 100.50 2000/01 (Proj.) : March : 519.87 617.21 96.99 560.91 86.23 April : 520.16 618.21 96.99 557.11 91.05 Coarse grains 5/ : 1998/99 : 618.56 724.44 50.84 662.24 118.14 1999/00 (Est.) : 613.81 729.18 65.02 669.73 115.85 2000/01 (Proj.) : March : 581.82 695.24 56.82 663.51 88.84 April : 583.15 696.14 57.87 663.94 88.50 Rice, milled : 1998/99 : 388.26 443.09 23.99 386.54 59.28 1999/00 (Est.) : 402.06 461.02 21.37 399.48 64.34 2000/01 (Proj.) : March : 393.23 457.07 21.22 399.75 59.88 April : 393.80 457.81 21.12 399.68 60.79 =============================================================================== 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 1998/99 : 84.88 128.52 23.77 85.32 44.81 1999/00 (Est.) : 87.20 132.01 27.22 91.87 41.00 2000/01 (Proj.) : March : 88.16 129.16 26.40 91.84 37.67 April : 87.54 128.54 26.34 91.66 37.51 : United States 1998/99 : 13.92 18.25 4.34 10.40 3.94 1999/00 (Est.) : 16.97 21.00 6.75 10.24 3.92 2000/01 (Proj.) : March : 17.22 21.17 6.90 9.50 4.80 April : 17.22 21.17 6.90 9.30 5.00 : Foreign 3/ 1998/99 : 70.96 110.28 19.42 74.91 40.88 1999/00 (Est.) : 70.23 111.01 20.47 81.63 37.08 2000/01 (Proj.) : March : 70.94 107.99 19.50 82.34 32.87 April : 70.32 107.37 19.44 82.36 32.51 =============================================================================== 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-373-8 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 : 1998/99 : 294.62 323.18 54.67 240.59 31.92 1999/00 (Est.) : 302.40 334.32 63.93 247.76 33.68 2000/01 (Proj.) : March : 306.05 339.69 64.58 251.83 32.32 April : 306.76 340.44 65.03 252.05 32.54 Oilmeals : 1998/99 : 164.52 170.13 53.54 163.59 6.65 1999/00 (Est.) : 169.29 175.94 55.48 170.01 5.97 2000/01 (Proj.) : March : 173.77 179.82 55.60 174.00 5.64 April : 173.98 179.95 55.33 174.02 5.75 Vegetable Oils : 1998/99 : 80.50 87.16 31.57 78.63 7.42 1999/00 (Est.) : 84.97 92.38 33.11 83.25 7.99 2000/01 (Proj.) : March : 87.27 95.26 33.81 86.58 8.02 April : 87.48 95.47 33.98 86.86 8.02 : : United States Oilseeds : 1998/99 : 84.36 91.49 22.72 47.81 10.78 1999/00 (Est.) : 82.31 93.85 27.34 47.95 8.99 2000/01 (Proj.) : March : 85.25 94.90 27.35 47.83 9.88 April : 85.24 94.88 27.75 47.84 9.10 Oilmeals : 1998/99 : 36.80 38.33 6.71 31.29 0.33 1999/00 (Est.) : 36.82 38.40 6.86 31.24 0.30 2000/01 (Proj.) : March : 37.04 38.60 6.36 31.96 0.28 April : 37.06 38.68 6.36 32.04 0.28 Vegetable Oils : 1998/99 : 9.43 11.85 1.64 9.22 1.00 1999/00 (Est.) : 9.37 11.90 1.13 9.55 1.22 2000/01 (Proj.) : March : 9.28 12.25 1.07 9.82 1.35 April : 9.27 12.22 1.09 9.77 1.36 : : Foreign 3/ Oilseeds : 1998/99 : 210.26 231.68 31.95 192.78 21.14 1999/00 (Est.) : 220.09 240.47 36.59 199.82 24.70 2000/01 (Proj.) : March : 220.80 244.79 37.23 204.01 22.44 April : 221.52 245.56 37.28 204.21 23.44 Oilmeals : 1998/99 : 127.73 131.80 46.83 132.31 6.32 1999/00 (Est.) : 132.48 137.54 48.61 138.77 5.67 2000/01 (Proj.) : March : 136.74 141.22 49.25 142.04 5.36 April : 136.92 141.26 48.97 141.97 5.46 Vegetable Oils : 1998/99 : 71.07 75.31 29.93 69.42 6.42 1999/00 (Est.) : 75.59 80.48 31.98 73.71 6.77 2000/01 (Proj.) : March : 77.99 83.02 32.74 76.76 6.67 April : 78.21 83.25 32.89 77.08 6.67 =============================================================================== 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-373-9 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2000/01 Projections Item : 1998/99 : 1999/00 :============================== : : Est. : March April =============================================================================== Area : Million acres Planted : 65.8 62.7 62.5 62.5 Harvested : 59.0 53.8 53.0 53.0 Yield per harvested : Bushels acre : 43.2 42.7 41.9 41.9 : Million bushels Beginning stocks : 722 946 950 950 Production : 2,547 2,299 2,223 2,223 Imports : 103 95 95 90 Supply, total : 3,373 3,339 3,268 3,263 Food : 910 925 950 950 Seed : 81 92 84 84 Feed and residual : 394 284 300 300 Domestic, total : 1,385 1,300 1,334 1,334 Exports : 1,042 1,090 1,100 1,100 Use, total : 2,427 2,390 2,434 2,434 Ending stocks : 946 950 834 829 CCC inventory : 128 104 105 105 Free stocks : 818 846 729 724 Avg. farm price ($/bu) 2/ : 2.65 2.48 2.60- 2.70 2.60- 2.70 =============================================================================== U.S. Wheat by Class: Supply and Use =============================================================================== Year beginning : Hard : Hard : Soft : : : June 1 : Winter : Spring : Red : White : Durum : Total =============================================================================== 1999/00 (estimated) : Million bushels Beginning stocks : 435 233 136 87 55 946 Production : 1,051 448 454 247 99 2,299 Supply, total 3/ : 1,486 741 590 340 182 3,339 Domestic use : 542 293 287 89 89 1,300 Exports : 486 230 170 160 44 1,090 Use, total : 1,028 523 457 249 133 2,390 Ending stocks, total : 458 218 133 91 50 950 : 2000/01 (projected) : Beginning stocks : 458 218 133 91 50 950 Production : 844 498 471 301 110 2,223 Supply, total 3/ : 1,303 775 604 396 186 3,263 Domestic use : 498 332 287 121 96 1,334 Exports : 420 235 180 215 50 1,100 Use, total : 918 567 467 336 146 2,434 Ending stocks, total : April : 385 208 137 59 39 829 March : 375 219 137 67 36 834 =============================================================================== 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-373-10 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2000/01 Projections Item : 1998/99 : 1999/00 :============================== : : Est. : March April =============================================================================== FEED GRAINS : Area : Million acres Planted : 101.0 96.5 99.1 99.1 Harvested : 88.9 86.2 88.0 88.0 Yield per harvested : Metric tons acre : 3.05 3.05 3.12 3.12 : Million metric tons Beginning stocks : 38.1 51.3 48.8 48.8 Production : 271.2 262.9 274.2 274.2 Imports : 3.0 2.7 2.6 2.8 Supply, total : 312.3 316.9 325.7 325.8 Feed and residual : 152.3 156.9 158.2 159.5 Food, seed & industrial : 52.7 54.7 56.3 55.7 Domestic, total : 205.0 211.7 214.5 215.2 Exports : 55.9 56.4 57.1 56.3 Use, total : 261.0 268.1 271.6 271.5 Ending stocks, total : 51.3 48.8 54.0 54.4 CCC inventory : 0.3 0.4 0.4 0.4 Free stocks : 51.0 48.5 53.6 53.9 Outstanding loans : 10.3 10.2 10.4 10.4 : CORN : Area : Million acres Planted : 80.2 77.4 79.5 79.5 Harvested : 72.6 70.5 72.7 72.7 Yield per harvested : Bushels acre : 134.4 133.8 137.1 137.1 : Million bushels Beginning stocks : 1,308 1,787 1,718 1,718 Production : 9,759 9,431 9,968 9,968 Imports : 19 15 10 10 Supply, total : 11,085 11,232 11,696 11,696 Feed and residual : 5,471 5,664 5,775 5,825 Food, seed & industrial : 1,846 1,913 1,980 1,970 Domestic, total : 7,318 7,578 7,755 7,795 Exports : 1,981 1,937 2,000 1,950 Use, total : 9,298 9,515 9,755 9,745 Ending stocks, total : 1,787 1,718 1,941 1,951 CCC inventory : 12 14 15 15 Free stocks : 1,775 1,704 1,926 1,936 Outstanding loans : 391 392 400 400 Avg. farm price ($/bu) 2/ : 1.94 1.82 1.70- 1.90 1.80- 1.90 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. WASDE-373-11 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2000/01 Projections Item : 1998/99 : 1999/00 :============================== : : Est. : March April =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 9.6 9.3 9.2 9.2 Area harv. (mil. acres) : 7.7 8.5 7.7 7.7 Yield (bushels/acre) : 67.3 69.7 60.9 60.9 Beginning stocks : 49 65 65 65 Production : 520 595 470 470 Imports : 0 0 0 0 Supply, total : 569 660 535 535 Feed and residual : 262 284 240 230 Food, seed & industrial : 45 55 50 35 Total domestic : 307 339 290 265 Exports : 197 256 200 215 Use, total : 504 595 490 480 Ending stocks, total : 65 65 45 55 Avg. farm price ($/bu) 2/ : 1.66 1.57 1.65- 1.85 1.75- 1.85 : BARLEY : Area planted (mil. acres) : 6.3 5.2 5.8 5.8 Area harv. (mil. acres) : 5.9 4.7 5.2 5.2 Yield (bushels/acre) : 60.0 59.2 61.1 61.1 Beginning stocks : 119 142 111 111 Production : 352 280 318 318 Imports : 30 28 25 28 Supply, total : 501 450 454 457 Feed and residual : 161 136 120 125 Food, seed & industrial : 170 172 172 172 Total domestic : 331 308 292 297 Exports : 28 30 55 58 Use, total : 360 338 347 355 Ending stocks, total : 142 111 107 102 Avg. farm price ($/bu) 2/ : 1.98 2.13 2.10- 2.20 2.10- 2.20 : OATS : Area planted (mil. acres) : 4.9 4.7 4.5 4.5 Area harv. (mil. acres) : 2.8 2.5 2.3 2.3 Yield (bushels/acre) : 60.2 59.6 64.2 64.2 Beginning stocks : 74 81 76 76 Production : 166 146 149 149 Imports : 108 99 105 110 Supply, total : 348 326 330 335 Feed and residual : 196 180 175 185 Food, seed & industrial : 69 68 68 68 Total domestic : 265 249 243 253 Exports : 2 2 2 2 Use, total : 266 250 245 255 Ending stocks, total : 81 76 85 80 Avg. farm price ($/bu) 2/ : 1.10 1.12 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-373-12 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2000/01 Projections Item : 1998/99 : 1999/00 :============================== : : Est. : March April =============================================================================== TOTAL : Area : Million acres Planted : 3.29 3.53 3.07 3.06 Harvested : 3.26 3.51 3.04 3.04 Yield per harvested : Pounds acre : 5,663 5,866 6,278 6,281 : Million hundredweight Beginning stocks 2/ : 27.9 22.1 27.5 27.5 Production : 184.4 206.0 191.1 190.9 Imports : 10.6 10.1 10.0 10.3 Supply, total : 222.9 238.2 228.6 228.6 Domestic & residual 3/ : 114.0 121.9 123.0 121.3 Exports, total 4/ : 86.8 88.9 81.0 83.0 Rough : 25.8 25.2 26.0 27.0 Milled (rough equiv.) : 61.1 63.6 55.0 56.0 Use, total : 200.9 210.7 204.0 204.3 Ending stocks : 22.1 27.5 24.6 24.3 Avg. milling yield (%) 5/ : 69.3 69.6 69.5 70.5 Avg. farm price ($/cwt) 6/ : 8.89 5.93 5.60- 5.80 5.65- 5.75 : LONG GRAIN : Harvested acres (mil.) : 2.57 2.72 2.24 2.19 Yield (pounds/acre) : 5,426 5,587 5,883 5,882 Beginning stocks : 14.5 14.1 15.6 15.6 Production : 139.3 151.9 131.5 128.8 Supply, total 7/ : 162.2 173.5 155.9 153.5 Domestic & Residual 3/ : 76.7 87.1 80.0 78.5 Exports 8/ : 71.4 70.8 63.0 64.0 Use, total : 148.2 157.9 143.0 142.5 Ending stocks : 14.1 15.6 12.9 11.0 : : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.69 0.79 0.81 0.85 Yield (pounds/acre) : 6,548 6,822 7,371 7,308 Beginning stocks : 12.3 6.8 10.4 10.4 Production : 45.1 54.2 59.6 62.1 Supply, total 7/ : 59.6 63.3 71.3 73.7 Domestic & Residual 3/ : 37.4 34.8 43.0 42.8 Exports 8/ : 15.4 18.1 18.0 19.0 Use, total : 52.8 52.9 61.0 61.8 Ending stocks : 6.8 10.4 10.3 11.9 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 1998/99-1.1; 1999/00-1.2 2000/01-1.4. 3/ Residual includes unreported use, processing losses and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. WASDE-373-13 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2000/01 Projections Item : 1998/99 : 1999/00 :=============================== : : Est. : March April =============================================================================== SOYBEANS: : Million acres Area : Planted : 72.0 73.7 74.5 74.5 Harvested : 70.4 72.4 72.7 72.7 : : Bushels Yield per harvested : acre : 38.9 36.6 38.1 38.1 : : Million bushels : Beginning stocks : 200 348 290 290 Production : 2,741 2,654 2,770 2,770 Imports : 3 4 3 3 Supply, total : 2,944 3,006 3,063 3,063 Crushings : 1,590 1,579 1,590 1,590 Exports : 805 973 975 990 Seed : 88 90 91 91 Residual : 113 74 77 92 3/ Use, total : 2,595 2,716 2,733 2,763 Ending stocks : 348 290 330 300 Avg. farm price ($/bu) 2/ : 4.93 4.63 4.45- 4.65 4.45 - 4.55 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 1,382 1,520 1,995 1,995 Production : 18,081 17,824 17,860 17,800 4/ Imports : 82 83 75 75 Supply, total : 19,546 19,427 19,930 19,870 Domestic : 15,655 16,055 16,300 16,350 Exports : 2,372 1,376 1,400 1,400 Use, total : 18,027 17,432 17,700 17,750 Ending stocks : 1,520 1,995 2,230 2,120 Average price (c/lb) 2/ : 19.90 15.60 12.75- 13.25- : 14.25 14.75 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 218 330 293 293 Production : 37,792 37,623 38,032 38,032 4/ Imports : 99 49 50 50 Supply, total : 38,109 38,003 38,375 38,375 Domestic : 30,657 30,378 31,350 31,350 Exports : 7,122 7,331 6,750 6,750 Use, total : 37,779 37,710 38,100 38,100 Ending stocks : 330 293 275 275 Average price ($/s.t.) 2/ : 138.50 167.70 170.00- 165.00- : 180.00 175.00 =============================================================================== Note: Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; for oil, simple average of crude soybean oil, Decatur; for meal, simple average of 48 percent, Decatur. 3/ Supply estimates and reported use through February, coupled with USDA's March 1 stocks estimate, indicate an above average residual. 4/ Based on October year crush of 1,585 million bushels. WASDE-373-14 U.S. Sugar Supply and Use 1/ ====================================================================== : : : 2000/01 Projections Item : 1998/99 : 1999/00 :====================== : : Estimate : March April ====================================================================== : 1,000 short tons, raw value : Beginning stocks 2/ : 1,679 1,639 2,219 2,219 Production 2/3/ : 8,374 9,042 8,540 8,490 Beet sugar : 4,423 4,976 4,370 4,420 Cane sugar 4/ : 3,951 4,065 4,170 4,070 Imports 2/ : 1,824 1,636 1,723 1,723 TRQ 5/ : 1,256 1,124 1,275 1,275 Other 6/ : 568 512 448 448 Total supply : 11,877 12,316 12,482 12,432 : Exports 2/7/ : 230 124 125 125 Domestic deliveries 2/ : 10,066 10,111 10,345 10,345 Domestic food use : 9,872 9,993 10,225 10,225 Other 8/ : 194 118 120 120 Miscellaneous 9/ : (58) (137) 0 0 Total use : 10,238 10,098 10,470 10,470 Ending stocks 2/ : 1,639 2,219 2,012 1,962 Private : 1,639 1,922 1,219 1,169 CCC 10/ : 0 297 793 793 : Stocks to use ratio : 16.0 22.0 19.2 18.7 ====================================================================== 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 2000/01 are based on analyses by the Interagency Commodity Estimates Committee for sugar. 4/ Production by state for 1999/2000 (projected 2000/01): FL 1,976 (2,030); HI 318 (265); LA 1,662 (1,570); TX 105 (190); PR 4 (15). 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 2000/01 available TRQ assumes 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 and for nonedible alcohol and feed. 9/ For 1998/99 and 1999/2000, includes residual statistical discrepancies. 10/ For 2000/01, includes only sugar owned by the Commodity Credit Corporation as of April 6, 2001. Season-ending CCC stocks will be a function of market and program developments. 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-373-15 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2000/01 Projections Item : 1998/99 : 1999/00 :=============================== : : Est. : March April =============================================================================== : Million acres Area : Planted : 13.39 14.87 15.54 15.54 Harvested : 10.68 13.42 13.10 13.10 : : Pounds Yield per harvested : acre : 625 607 631 631 : : Million 480 pound bales : Beginning stocks 2/ : 3.89 3.94 3.92 3.92 Production : 13.92 16.97 17.22 17.22 Imports : 0.44 0.10 0.03 0.03 Supply, total : 18.25 21.00 21.17 21.17 Domestic use : 10.40 10.24 9.50 9.30 Exports : 4.34 6.75 6.90 6.90 Use, total : 14.75 16.99 16.40 16.20 Unaccounted 3/ : -0.44 0.09 -0.03 -0.03 Ending stocks : 3.94 3.92 4.80 5.00 : Avg. farm price 4/ : 60.2 45.0 54.6 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/ Average for August 2000-February 2001. 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 2000/01 is 31.4 percent. WASDE-373-16 World Wheat Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 1998/99 : World 3/ : 138.18 588.80 121.52 104.00 589.75 122.58 137.22 United States : 19.66 69.33 2.80 10.73 37.69 28.36 25.74 Total foreign : 118.51 519.47 118.72 93.27 552.06 94.21 111.48 Major exporters 4/ : 21.71 161.03 25.41 50.31 104.96 75.51 27.68 Argentina : 0.42 12.40 0.03 0.25 4.15 8.40 0.30 Australia : 1.35 21.47 0.06 1.83 4.53 16.47 1.87 Canada : 5.99 24.08 0.15 4.10 8.08 14.71 7.44 EU-15 : 13.95 103.09 25.17 44.13 88.21 35.93 18.07 Major importers 5/ : 50.49 179.30 36.17 18.76 212.37 5.37 48.23 Brazil : 0.55 2.19 7.30 0.20 9.26 0.01 0.78 China : 33.46 109.73 0.83 5.00 115.57 0.54 27.90 East. Europe : 7.64 33.93 2.13 11.95 31.78 4.17 7.75 N. Africa : 4.41 14.20 16.82 0.31 28.34 0.23 6.85 Pakistan : 3.21 18.69 3.13 0.40 21.28 0.00 3.75 Selected other : India : 10.08 66.35 2.20 0.35 67.55 0.00 11.08 FSU-12 6/ : 17.24 56.13 5.42 16.57 64.40 8.75 5.65 Russia : 8.00 27.00 2.49 11.15 34.84 1.65 1.00 Kazakstan : 3.00 4.70 0.02 1.10 4.62 2.30 0.80 : : 1999/00 (Estimated) : World 3/ : 137.22 587.51 131.11 99.38 598.39 135.19 126.35 United States : 25.74 62.57 2.57 7.72 35.38 29.65 25.85 Total foreign : 111.48 524.95 128.54 91.65 563.00 105.54 100.50 Major exporters 4/ : 27.68 164.16 25.34 49.21 104.42 86.95 25.80 Argentina : 0.30 15.50 0.03 0.13 4.08 11.60 0.15 Australia : 1.87 25.01 0.05 2.48 5.22 17.84 3.87 Canada : 7.44 26.85 0.18 3.90 7.92 19.17 7.38 EU-15 : 18.07 96.80 25.09 42.71 87.21 38.34 14.41 Major importers 5/ : 48.23 175.24 35.07 18.11 214.08 4.95 39.50 Brazil : 0.78 2.40 7.56 0.20 9.58 0.00 1.15 China : 27.90 113.88 1.01 5.00 117.00 0.54 25.25 East. Europe : 7.75 28.95 1.92 11.30 30.77 3.60 4.25 N. Africa : 6.85 11.56 16.62 0.31 29.22 0.17 5.65 Pakistan : 3.75 17.85 2.00 0.40 21.40 0.00 2.20 Selected other : India : 11.08 70.78 1.37 0.35 69.57 0.20 13.46 FSU-12 6/ : 5.65 65.27 9.40 17.01 65.95 9.08 5.30 Russia : 1.00 31.00 5.00 11.10 35.28 0.52 1.20 Kazakstan : 0.80 11.20 0.02 1.00 4.50 6.51 1.00 =============================================================================== 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-373-17 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: =============================================================================== : : 2000/01 (Projected) World 3/ : March : 125.77 580.38 125.92 102.61 597.22 126.93 108.94 April : 126.35 580.67 125.78 98.99 593.41 126.93 113.61 United States : March : 25.85 60.51 2.59 8.17 36.31 29.94 22.70 April : 25.85 60.51 2.45 8.17 36.31 29.94 22.57 Total foreign : March : 99.92 519.87 123.33 94.45 560.91 96.99 86.23 April : 100.50 520.16 123.33 90.82 557.11 96.99 91.05 Major exporters 4/ : March : 24.65 169.25 25.00 58.36 111.68 82.90 24.32 April : 25.80 169.25 25.00 54.88 110.68 82.40 26.97 Argentina Mar : 0.15 16.50 0.03 0.45 4.50 12.00 0.18 Apr : 0.15 16.50 0.03 0.45 4.50 12.00 0.18 Australia Mar : 3.87 21.00 0.05 2.56 5.44 16.00 3.48 Apr : 3.87 21.00 0.05 2.56 5.44 16.00 3.48 Canada Mar : 7.38 26.80 0.15 4.20 8.20 19.00 7.13 Apr : 7.38 26.80 0.15 4.20 8.20 18.50 7.63 EU-15 Mar : 13.26 104.95 24.78 51.15 93.54 35.90 13.55 Apr : 14.41 104.95 24.78 47.67 92.54 35.90 15.70 Major importers 5/ : March : 39.50 162.54 35.18 13.91 209.23 4.70 23.29 April : 39.50 163.06 35.38 13.91 209.95 4.70 23.29 Brazil Mar : 1.15 1.60 7.90 0.60 9.60 0.00 1.05 Apr : 1.15 1.60 7.90 0.60 9.60 0.00 1.05 China Mar : 25.25 102.00 1.00 2.00 114.00 0.50 13.75 Apr : 25.25 102.00 1.00 1.50 114.00 0.50 13.75 East. Europe Mar : 4.25 27.73 3.03 9.60 28.88 2.93 3.20 Apr : 4.25 28.23 3.03 10.10 29.38 2.93 3.20 N. Africa Mar : 5.65 9.62 17.20 0.31 28.96 0.17 3.34 Apr : 5.65 9.46 17.40 0.31 29.00 0.17 3.34 Pakistan Mar : 2.20 21.00 0.15 0.50 21.60 0.50 1.25 Apr : 2.20 21.08 0.15 0.50 21.68 0.50 1.25 Selected other : India Mar : 13.46 75.75 0.05 0.50 71.68 1.00 16.58 Apr : 13.46 75.75 0.10 0.35 67.50 1.50 20.32 FSU-12 6/ Mar : 5.30 62.89 6.14 14.56 62.76 4.90 6.67 Apr : 5.30 62.94 5.64 14.56 62.81 4.90 6.17 Russia Mar : 1.20 34.40 2.00 10.40 34.60 0.50 2.50 Apr : 1.20 34.45 1.50 10.40 34.65 0.50 2.00 Kazakstan Mar : 1.00 9.10 0.02 1.10 4.62 4.00 1.50 Apr : 1.00 9.10 0.02 1.10 4.62 4.00 1.50 =============================================================================== 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-373-18 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: =============================================================================== : : 1998/99 : World 3/ : 147.09 890.04 107.66 571.02 867.61 106.79 169.51 United States : 38.15 271.47 3.07 152.38 205.37 55.95 51.37 Total foreign : 108.94 618.56 104.60 418.63 662.24 50.84 118.14 Major exporters 4/ : 8.66 62.53 1.52 36.30 47.46 16.96 8.29 Argentina : 2.44 17.75 0.01 8.05 10.03 8.58 1.59 Australia : 1.14 10.07 0.02 3.98 5.44 4.98 0.81 Canada : 4.27 26.57 0.83 20.12 23.58 3.21 4.88 Major importers 5/ : 40.70 199.77 65.41 173.02 237.63 26.59 41.66 EU-15 : 21.99 105.55 17.34 73.16 97.33 23.23 24.31 East. Europe : 9.43 50.98 1.64 39.75 51.44 3.09 7.52 Japan : 2.64 0.15 20.92 16.55 21.27 0.00 2.44 Mexico : 2.85 24.70 9.10 17.47 33.50 0.02 3.13 Southeast Asia : 0.95 15.94 3.12 13.33 18.16 0.25 1.60 South Korea : 0.50 0.49 7.83 6.10 8.33 0.00 0.48 Selected other : China : 37.09 144.19 2.62 90.40 127.90 3.36 52.63 FSU-12 6/ : 12.32 37.95 1.51 26.44 45.03 2.30 4.45 Russia : 7.42 18.95 1.19 13.62 25.64 0.14 1.78 Ukraine : 3.31 10.34 0.04 6.16 10.57 1.62 1.50 : : 1999/00 (Estimated) : World 3/ : 169.51 876.98 113.45 581.25 881.78 121.41 164.71 United States : 51.37 263.17 2.77 157.09 212.06 56.40 48.86 Total foreign : 118.14 613.81 110.69 424.16 669.73 65.02 115.85 Major exporters 4/ : 8.29 68.22 1.02 35.75 46.64 21.32 9.58 Argentina : 1.59 21.66 0.03 7.45 9.46 12.53 1.28 Australia : 0.81 8.72 0.02 3.68 4.90 3.92 0.73 Canada : 4.88 26.77 0.73 20.09 23.66 3.47 5.24 Major importers 5/ : 41.66 201.32 68.23 176.55 240.48 30.49 40.24 EU-15 : 24.31 103.10 16.25 71.48 95.18 27.04 21.44 East. Europe : 7.52 54.78 1.69 40.36 52.21 3.31 8.46 Japan : 2.44 0.21 20.42 16.31 20.84 0.00 2.22 Mexico : 3.13 26.04 9.92 19.59 35.54 0.02 3.53 Southeast Asia : 1.60 14.81 4.50 14.34 19.19 0.13 1.59 South Korea : 0.48 0.49 9.28 7.13 9.39 0.00 0.85 Selected other : China : 52.63 137.79 2.30 91.93 129.34 9.95 53.43 FSU-12 6/ : 4.45 40.97 2.47 27.38 42.49 1.99 3.41 Russia : 1.78 21.80 1.87 14.95 24.63 0.14 0.68 Ukraine : 1.50 10.59 0.11 6.53 9.92 1.00 1.27 =============================================================================== 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-373-19 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: =============================================================================== : : 2000/01 (Projected) World 3/ : March : 164.99 856.27 112.27 582.05 878.35 113.94 142.91 April : 164.71 857.60 111.88 583.07 879.43 114.16 142.89 United States : March : 48.86 274.45 2.71 158.30 214.84 57.11 54.07 April : 48.86 274.45 2.86 159.59 215.49 56.29 54.39 Total foreign : March : 116.13 581.82 109.56 423.74 663.51 56.82 88.84 April : 115.85 583.15 109.02 423.48 663.94 57.87 88.50 Major exporters 4/ : March : 9.58 60.19 1.87 34.39 45.75 18.67 7.22 April : 9.58 61.19 1.87 34.99 46.25 19.17 7.22 Argentina Mar : 1.28 19.12 0.03 6.51 8.70 10.60 1.13 Apr : 1.28 20.12 0.03 7.11 9.20 11.10 1.13 Australia Mar : 0.73 8.86 0.02 3.43 4.61 4.29 0.70 Apr : 0.73 8.86 0.02 3.43 4.61 4.29 0.70 Canada Mar : 5.24 24.35 1.65 20.07 23.63 3.48 4.12 Apr : 5.24 24.35 1.65 20.07 23.63 3.48 4.12 Major importers 5/ : March : 40.10 186.95 66.65 170.07 234.27 27.83 31.60 April : 40.24 186.66 66.70 169.88 233.85 28.14 31.61 EU-15 Mar : 21.24 108.26 15.74 74.68 98.72 26.97 19.55 Apr : 21.44 108.09 15.67 74.52 98.55 26.77 19.88 East. Europe Mar : 8.46 35.96 2.17 30.76 42.90 0.70 2.98 Apr : 8.46 36.99 2.04 31.59 43.50 1.00 2.98 Japan Mar : 2.22 0.16 20.09 16.07 20.48 0.00 1.99 Apr : 2.22 0.22 20.09 16.07 20.48 0.00 2.05 Mexico Mar : 3.58 24.80 9.73 19.44 35.23 0.02 2.87 Apr : 3.53 24.30 10.03 19.24 35.03 0.02 2.82 Southeast Asia Mar : 1.59 15.37 4.40 14.97 19.71 0.15 1.51 Apr : 1.59 14.67 4.50 14.47 19.21 0.35 1.21 South Korea Mar : 0.86 0.49 8.35 6.75 9.06 0.00 0.64 Apr : 0.85 0.49 8.25 6.65 8.96 0.00 0.63 Selected other : China Mar : 53.46 113.86 2.65 94.53 131.46 6.03 32.47 Apr : 53.43 113.86 2.60 94.48 131.41 6.03 32.44 FSU-12 6/ Mar : 3.41 49.69 0.92 29.13 45.34 2.51 6.17 Apr : 3.41 50.09 0.82 29.77 45.98 2.21 6.12 Russia Mar : 0.68 28.00 0.63 16.05 26.53 0.60 2.18 Apr : 0.68 28.20 0.53 16.25 26.67 0.60 2.13 Ukraine Mar : 1.27 13.00 0.08 7.18 10.47 1.40 2.48 Apr : 1.27 13.50 0.08 7.62 11.17 1.10 2.58 =============================================================================== 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-373-20 World Corn Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 1998/99 : World 3/ : 97.32 605.28 75.55 402.43 580.67 75.06 121.93 United States : 33.22 247.88 0.48 138.98 185.88 50.31 45.39 Total foreign : 64.10 357.39 75.08 263.45 394.79 24.75 76.54 Major exporters 4/ : 2.36 21.22 0.57 8.70 14.33 8.09 1.73 Argentina : 1.54 13.50 0.00 4.85 6.45 7.88 0.71 South Africa : 0.82 7.72 0.57 3.85 7.88 0.20 1.02 Major importers 5/ : 17.17 94.30 50.21 94.30 134.32 11.68 15.69 EU-15 : 4.47 35.30 11.77 30.12 38.95 8.93 3.66 Japan : 1.45 0.00 16.34 12.10 16.44 0.00 1.36 Mexico : 1.50 17.79 5.62 7.51 23.04 0.02 1.85 Southeast Asia : 0.95 15.74 3.12 13.14 17.95 0.25 1.60 South Korea : 0.50 0.08 7.52 5.92 7.62 0.00 0.48 Selected other : China : 35.98 132.95 0.26 87.00 114.30 3.34 51.56 FSU-12 6/ : 2.73 5.35 0.62 4.31 6.91 0.43 1.35 Russia : 0.55 0.80 0.52 1.05 1.71 0.01 0.15 : : 1999/00 (Estimated) : World 3/ : 121.93 605.93 79.62 419.32 603.14 85.53 124.72 United States : 45.39 239.55 0.37 143.88 192.48 49.21 43.63 Total foreign : 76.54 366.38 79.25 275.44 410.67 36.32 81.09 Major exporters 4/ : 1.73 27.78 0.12 8.30 13.80 13.10 2.74 Argentina : 0.71 17.20 0.02 4.20 5.82 11.70 0.41 South Africa : 1.02 10.58 0.10 4.10 7.98 1.40 2.33 Major importers 5/ : 15.69 102.30 51.32 99.96 139.09 11.91 18.30 EU-15 : 3.66 37.29 10.87 30.57 38.80 8.91 4.11 Japan : 1.36 0.00 16.12 12.15 16.32 0.00 1.16 Mexico : 1.85 19.24 4.91 8.25 23.65 0.02 2.34 Southeast Asia : 1.60 14.61 4.50 14.15 18.99 0.13 1.59 South Korea : 0.48 0.08 8.69 6.65 8.40 0.00 0.85 Selected other : China : 51.56 128.09 0.07 90.00 116.90 9.94 52.88 FSU-12 6/ : 1.35 4.98 0.87 4.90 6.20 0.11 0.89 Russia : 0.15 1.10 0.68 1.50 1.83 0.00 0.10 =============================================================================== 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-373-21 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: =============================================================================== : : 2000/01 (Projected) World 3/ : March : 124.78 583.05 79.11 422.02 602.01 78.76 105.82 April : 124.72 584.56 78.88 423.19 603.44 79.04 105.84 United States : March : 43.63 253.21 0.25 146.69 196.99 50.80 49.30 April : 43.63 253.21 0.25 147.96 198.00 49.53 49.56 Total foreign : March : 81.15 329.85 78.86 275.32 405.02 27.96 56.52 April : 81.09 331.35 78.63 275.23 405.44 29.51 56.28 Major exporters 4/ : March : 2.74 22.50 0.07 7.30 13.30 10.30 1.70 April : 2.74 23.50 0.07 7.90 13.80 10.80 1.70 Argentina Mar : 0.41 15.00 0.02 3.20 5.00 10.00 0.43 Apr : 0.41 16.00 0.02 3.80 5.50 10.50 0.43 South Africa Mar : 2.33 7.50 0.05 4.10 8.30 0.30 1.28 Apr : 2.33 7.50 0.05 4.10 8.30 0.30 1.28 Major importers 5/ : March : 18.31 88.79 51.12 95.88 135.57 9.63 13.02 April : 18.30 88.62 51.24 95.89 135.49 10.23 12.45 EU-15 Mar : 4.11 38.63 10.61 31.06 39.85 8.92 4.58 Apr : 4.11 38.47 10.63 31.07 39.87 9.02 4.32 Japan Mar : 1.16 0.00 16.00 12.00 16.05 0.00 1.11 Apr : 1.16 0.00 16.00 12.00 16.05 0.00 1.11 Mexico Mar : 2.34 18.00 6.00 9.20 24.40 0.02 1.92 Apr : 2.34 17.69 6.00 8.90 24.10 0.02 1.91 Southeast Asia Mar : 1.59 15.17 4.40 14.78 19.51 0.15 1.51 Apr : 1.59 14.47 4.50 14.28 19.01 0.35 1.21 South Korea Mar : 0.86 0.09 8.00 6.50 8.30 0.00 0.64 Apr : 0.85 0.08 8.00 6.50 8.30 0.00 0.63 Selected other : China Mar : 52.91 105.00 0.15 93.00 120.00 6.00 32.06 Apr : 52.88 105.00 0.15 93.00 120.00 6.00 32.03 FSU-12 6/ Mar : 0.89 7.18 0.38 4.35 6.00 0.65 1.80 Apr : 0.89 7.23 0.18 4.40 6.05 0.35 1.90 Russia Mar : 0.10 1.50 0.30 1.10 1.80 0.00 0.10 Apr : 0.10 1.55 0.10 0.95 1.65 0.00 0.10 =============================================================================== 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-373-22 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 : =============================================================================== : : 1998/99 World 3/ : 56.05 394.06 26.18 390.13 26.72 59.98 United States : 0.88 5.80 0.34 3.59 2.73 0.69 Total foreign : 55.17 388.26 25.85 386.54 23.99 59.28 Major exporters 4/ : 11.67 126.37 0.07 108.27 16.42 13.42 Thailand : 1.05 15.59 0.00 8.90 6.68 1.06 Vietnam : 0.00 20.11 0.06 15.61 4.56 0.00 Major importers 5/ : 8.02 52.46 12.84 61.98 1.43 9.91 Indonesia : 3.60 31.85 3.73 35.30 0.00 3.88 Selected other : China : 27.00 139.10 0.18 136.07 2.71 27.50 Japan : 3.09 8.15 0.55 9.10 0.21 2.49 : : 1999/00 (Estimated) World 3/ : 59.98 408.56 21.35 403.33 24.18 65.21 United States : 0.69 6.50 0.32 3.85 2.80 0.87 Total foreign : 59.28 402.06 21.03 399.48 21.37 64.34 Major exporters 4/ : 13.42 131.88 0.13 112.07 13.42 19.94 Thailand : 1.06 16.50 0.00 9.60 6.55 1.41 Vietnam : 0.00 20.75 0.04 17.42 3.37 0.00 Major importers 5/ : 9.91 54.90 9.59 63.58 1.44 9.37 Indonesia : 3.88 33.45 1.50 35.90 0.00 2.93 Selected other : China : 27.50 138.94 0.28 137.26 2.95 26.50 Japan : 2.49 8.35 0.64 9.45 0.20 1.83 : : 2000/01 (Projected) World 3/ : March : 65.03 399.25 22.28 403.63 23.77 60.65 April : 65.21 399.90 22.84 403.54 23.77 61.57 United States : March : 0.87 6.03 0.32 3.88 2.55 0.78 April : 0.87 6.10 0.33 3.87 2.65 0.78 Total foreign : March : 64.16 393.23 21.96 399.75 21.22 59.88 April : 64.34 393.80 22.51 399.68 21.12 60.79 Major exporters 4/ : March : 19.85 129.00 0.04 113.48 13.05 22.36 April : 19.94 129.63 0.04 113.28 13.15 23.18 Thailand Mar : 1.41 16.60 0.00 9.99 6.30 1.72 Apr : 1.41 16.83 0.00 9.99 6.30 1.95 Vietnam Mar : 0.00 21.10 0.04 17.34 3.80 0.00 Apr : 0.00 21.10 0.04 17.14 4.00 0.00 Major importers 5/ : March : 9.33 54.37 10.19 64.43 1.45 8.01 April : 9.37 53.93 10.99 64.63 1.45 8.21 Indonesia Mar : 2.93 33.50 1.30 36.20 0.00 1.52 Apr : 2.93 33.11 1.80 36.20 0.00 1.64 Selected other : China Mar : 26.50 133.00 0.30 136.60 3.20 20.00 Apr : 26.50 133.00 0.30 136.80 3.00 20.00 Japan Mar : 1.81 8.64 0.75 9.30 0.60 1.30 Apr : 1.83 8.64 0.73 9.30 0.60 1.30 =============================================================================== 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-373-23 World Soybean Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : : :stocks :Beginning:Produc-: : Domestic : : : stocks : tion :Imports: Crush : Total :Exports: =============================================================================== : : 1998/99 World 2/ : 25.09 159.75 40.50 135.81 159.93 38.67 26.74 United States : 5.44 74.60 0.08 43.26 48.74 21.90 9.48 Total foreign : 19.65 85.15 40.42 92.55 111.19 16.77 17.26 Major exporters 3/ : 14.04 54.30 1.10 39.17 41.95 14.46 13.03 Argentina : 7.23 20.00 0.50 17.51 18.28 3.23 6.22 Brazil : 6.80 31.30 0.60 21.01 22.97 8.93 6.80 Major importers 4/ : 4.97 18.63 31.92 38.16 51.00 0.89 3.63 EU-15 : 1.00 1.54 16.77 16.23 17.75 0.70 0.87 Japan : 0.63 0.16 4.81 3.70 4.98 0.00 0.62 China : 3.02 15.15 3.85 12.61 19.93 0.19 1.90 : : 1999/00 (Estimated) World 2/ : 26.74 159.44 47.49 136.91 160.48 46.31 26.88 United States : 9.48 72.22 0.11 42.97 47.43 26.49 7.90 Total foreign : 17.26 87.21 47.37 93.95 113.04 19.82 18.98 Major exporters 3/ : 13.03 58.10 1.40 39.15 41.97 17.49 13.07 Argentina : 6.22 21.20 0.40 17.30 18.08 4.13 5.61 Brazil : 6.80 34.00 1.00 21.20 23.19 11.16 7.45 Major importers 4/ : 3.63 17.43 37.99 39.79 52.84 0.95 5.27 EU-15 : 0.87 1.14 15.74 15.11 16.29 0.71 0.75 Japan : 0.62 0.19 4.90 3.73 5.06 0.00 0.65 China : 1.90 14.29 10.10 14.97 22.58 0.23 3.49 : : 2000/01 (Projected) World 2/ : March : 26.85 169.58 48.36 143.92 168.38 48.58 27.82 April : 26.88 170.28 49.07 144.17 169.08 49.17 27.98 United States : March : 7.90 75.38 0.08 43.27 47.84 26.54 8.99 April : 7.90 75.38 0.08 43.27 48.26 26.94 8.16 Total foreign : March : 18.95 94.20 48.28 100.65 120.55 22.05 18.83 April : 18.98 94.91 48.99 100.90 120.83 22.23 19.82 Major exporters 3/ : March : 13.07 63.60 1.10 41.15 44.23 19.80 13.74 April : 13.07 64.60 1.00 41.15 44.23 20.20 14.24 Argentina Mar : 5.61 25.00 0.50 18.50 19.28 5.10 6.73 Apr : 5.61 26.00 0.40 18.25 19.03 5.50 7.48 Brazil Mar : 7.45 35.50 0.60 22.00 24.25 12.30 7.00 Apr : 7.45 35.50 0.60 22.25 24.50 12.30 6.75 Major importers 4/ : March : 5.23 18.84 38.52 43.64 57.25 0.90 4.45 April : 5.27 18.82 39.45 44.06 57.71 0.89 4.94 EU-15 Mar : 0.69 1.09 16.65 16.06 17.19 0.70 0.54 Apr : 0.75 1.07 16.68 16.02 17.18 0.69 0.63 Japan Mar : 0.65 0.19 4.75 3.72 5.03 0.00 0.56 Apr : 0.65 0.19 4.75 3.72 5.03 0.00 0.56 China Mar : 3.52 15.70 9.30 17.45 25.28 0.18 3.06 Apr : 3.49 15.70 10.20 17.90 25.75 0.18 3.46 =============================================================================== 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-373-24 World Soybean Meal Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 1998/99 World 2/ : 3.68 107.73 39.33 107.17 38.74 4.84 United States : 0.20 34.29 0.09 27.81 6.46 0.30 Total foreign : 3.48 73.44 39.24 79.35 32.27 4.54 Major exporters 3/ : 1.34 34.81 0.10 8.46 26.03 1.76 Argentina : 0.36 14.00 0.00 0.46 13.40 0.50 Brazil : 0.98 16.60 0.10 6.65 9.83 1.19 India : 0.00 4.21 0.00 1.34 2.80 0.07 Major importers 4/ : 0.94 24.35 26.59 45.68 5.05 1.15 EU-15 : 0.75 12.91 19.95 27.66 5.04 0.92 China : 0.00 10.02 1.40 11.42 0.01 0.00 : : 1999/00 (Estimated) World 2/ : 4.84 108.82 39.37 109.70 39.25 4.07 United States : 0.30 34.13 0.05 27.56 6.65 0.27 Total foreign : 4.54 74.69 39.32 82.15 32.60 3.80 Major exporters 3/ : 1.76 34.28 0.10 8.83 26.03 1.29 Argentina : 0.50 14.10 0.00 0.47 13.75 0.39 Brazil : 1.19 16.75 0.10 7.20 9.93 0.90 India : 0.07 3.44 0.00 1.16 2.35 0.00 Major importers 4/ : 1.15 25.55 26.21 46.71 5.18 1.02 EU-15 : 0.92 11.98 19.73 26.68 5.13 0.81 China : 0.00 11.90 0.63 12.50 0.03 0.00 : : 2000/01 (Projected) World 2/ : March : 4.11 114.54 39.74 114.71 39.69 3.98 April : 4.07 114.73 39.58 114.77 39.54 4.08 United States : March : 0.27 34.50 0.05 28.44 6.12 0.25 April : 0.27 34.50 0.05 28.44 6.12 0.25 Total foreign : March : 3.84 80.04 39.69 86.27 33.57 3.73 April : 3.80 80.23 39.54 86.33 33.41 3.83 Major exporters 3/ : March : 1.35 36.04 0.10 9.01 27.02 1.47 April : 1.29 36.04 0.10 9.01 26.97 1.45 Argentina Mar : 0.39 15.08 0.00 0.49 14.55 0.43 Apr : 0.39 14.88 0.00 0.49 14.35 0.43 Brazil Mar : 0.96 17.38 0.10 7.40 10.10 0.94 Apr : 0.90 17.58 0.10 7.40 10.25 0.93 India Mar : 0.00 3.59 0.00 1.12 2.37 0.10 Apr : 0.00 3.59 0.00 1.12 2.37 0.10 Major importers 4/ : March : 0.99 28.33 26.70 50.02 5.17 0.83 April : 1.02 28.64 26.39 50.03 5.10 0.91 EU-15 Mar : 0.76 12.72 20.12 27.87 5.13 0.59 Apr : 0.81 12.69 19.97 27.75 5.07 0.65 China Mar : 0.00 13.86 0.40 14.23 0.03 0.00 Apr : 0.00 14.20 0.23 14.40 0.03 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-373-25 World Soybean Oil Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 1998/99 World 2/ : 2.35 24.67 7.95 24.62 8.17 2.18 United States : 0.63 8.20 0.04 7.10 1.08 0.69 Total foreign : 1.72 16.47 7.92 17.52 7.10 1.49 Major exporters 3/ : 0.90 10.02 0.85 4.79 6.22 0.76 Argentina : 0.33 3.16 0.00 0.11 3.14 0.25 Brazil : 0.41 3.93 0.21 2.85 1.38 0.32 EU-15 : 0.16 2.93 0.64 1.83 1.70 0.19 Major importers 4/ : 0.37 3.02 2.19 5.29 0.08 0.21 China : 0.35 2.05 0.95 3.08 0.08 0.19 Pakistan : 0.02 0.00 0.41 0.41 0.00 0.02 : : 1999/00 (Estimated) World 2/ : 2.18 24.82 7.09 24.48 7.22 2.39 United States : 0.69 8.09 0.04 7.28 0.62 0.91 Total foreign : 1.49 16.73 7.06 17.19 6.60 1.49 Major exporters 3/ : 0.76 9.81 0.77 4.74 5.82 0.78 Argentina : 0.25 3.13 0.00 0.11 3.04 0.23 Brazil : 0.32 3.97 0.22 3.00 1.13 0.38 EU-15 : 0.19 2.72 0.55 1.63 1.66 0.17 Major importers 4/ : 0.21 3.27 1.57 4.68 0.08 0.29 China : 0.19 2.47 0.56 2.86 0.08 0.28 Pakistan : 0.02 0.01 0.23 0.24 0.00 0.01 : : 2000/01 (Projected) World 2/ : March : 2.39 26.02 7.30 25.90 7.45 2.36 April : 2.39 26.02 7.27 25.89 7.47 2.33 United States : March : 0.91 8.10 0.03 7.39 0.64 1.01 April : 0.91 8.07 0.03 7.42 0.64 0.96 Total foreign : March : 1.48 17.92 7.27 18.51 6.82 1.35 April : 1.49 17.95 7.24 18.47 6.83 1.37 Major exporters 3/ : March : 0.78 10.36 0.74 4.99 6.06 0.83 April : 0.78 10.37 0.74 4.99 6.08 0.83 Argentina Mar : 0.23 3.34 0.00 0.11 3.20 0.27 Apr : 0.23 3.30 0.00 0.11 3.15 0.27 Brazil Mar : 0.38 4.14 0.19 3.13 1.20 0.38 Apr : 0.38 4.19 0.19 3.13 1.25 0.38 EU-15 Mar : 0.17 2.88 0.55 1.76 1.66 0.17 Apr : 0.17 2.89 0.55 1.76 1.68 0.18 Major importers 4/ : March : 0.29 3.74 1.63 5.44 0.05 0.17 April : 0.29 3.79 1.58 5.43 0.05 0.18 China Mar : 0.28 2.90 0.40 3.37 0.05 0.16 Apr : 0.28 2.95 0.30 3.30 0.05 0.18 Pakistan Mar : 0.01 0.03 0.28 0.31 0.00 0.01 Apr : 0.01 0.03 0.28 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-373-26 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/ : : =============================================================================== : : 1998/99 : World : 43.65 84.88 25.12 85.32 23.77 -0.25 44.81 United States : 3.89 13.92 0.44 10.40 4.34 -0.44 3.94 Total foreign : 39.76 70.96 24.68 74.91 19.42 0.19 40.88 Major exporters 5/ : 12.32 37.83 1.64 23.76 15.39 -0.03 12.67 Pakistan : 1.52 6.30 0.93 7.00 0.01 0.03 1.71 India : 4.17 12.88 0.51 12.62 0.20 0.00 4.75 Central Asia 6/ : 1.51 6.60 0.01 1.20 5.41 0.00 1.50 Afr. Fr. Zone 7/ : 0.92 4.03 4/ 0.26 3.60 0.00 1.09 S. Hemis. 8/ : 3.02 5.40 0.20 1.18 4.88 -0.08 2.63 Australia : 1.63 3.29 4/ 0.19 3.04 -0.10 1.79 Argentina : 1.04 0.92 0.02 0.38 1.10 0.01 0.49 Major importers : 25.64 30.05 17.93 44.13 2.81 0.21 26.48 Brazil : 1.49 2.10 1.36 3.90 0.02 0.00 1.02 Mexico : 0.36 1.04 1.49 2.15 0.22 0.04 0.49 China : 19.96 20.70 0.36 19.20 0.68 0.00 21.13 Europe : 1.68 2.30 5.32 6.21 1.38 0.09 1.62 Turkey : 0.56 3.86 1.14 4.60 0.36 0.00 0.59 Selected Asia 9/ : 1.60 0.05 8.27 8.07 0.14 0.09 1.62 Indonesia : 0.14 0.01 2.33 2.20 0.00 0.04 0.24 South Korea : 0.43 4/ 1.47 1.46 0.04 0.00 0.41 : : 1999/00 (Estimated) : World : 44.81 87.20 28.34 91.87 27.22 0.26 41.00 United States : 3.94 16.97 0.10 10.24 6.75 0.09 3.92 Total foreign : 40.88 70.23 28.24 81.63 20.47 0.17 37.08 Major exporters 5/ : 12.67 39.77 2.27 25.34 15.64 -0.03 13.74 Pakistan : 1.71 8.60 0.45 7.65 0.45 0.03 2.64 India : 4.75 12.18 1.40 13.50 0.05 0.00 4.78 Central Asia 6/ : 1.50 7.30 0.01 1.35 5.74 0.00 1.72 Afr. Fr. Zone 7/ : 1.09 3.89 4/ 0.24 3.64 0.00 1.11 S. Hemis. 8/ : 2.63 5.26 0.28 1.21 4.39 -0.08 2.65 Australia : 1.79 3.40 4/ 0.19 3.21 -0.10 1.89 Argentina : 0.49 0.62 0.05 0.40 0.38 0.01 0.36 Major importers : 26.48 27.68 19.61 48.39 3.77 0.20 21.41 Brazil : 1.02 3.10 1.55 4.10 0.01 0.00 1.56 Mexico : 0.49 0.67 1.85 2.40 0.15 0.03 0.43 China : 21.13 17.60 0.12 22.20 1.70 0.00 14.95 Europe : 1.62 2.63 5.15 5.98 1.56 0.08 1.78 Turkey : 0.59 3.63 2.40 5.60 0.20 0.00 0.83 Selected Asia 9/ : 1.62 0.04 8.54 8.11 0.15 0.10 1.86 Indonesia : 0.24 0.01 2.08 2.00 0.02 0.05 0.27 South Korea : 0.41 4/ 1.53 1.48 0.04 0.00 0.43 =============================================================================== 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 1.38 million bales in 1998/99 and 2.13 million in 1999/2000. 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-373-27 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/ : : =============================================================================== : : 2000/01 (Projected) World : March : 41.00 88.16 26.89 91.84 26.40 0.14 37.67 April : 41.00 87.54 27.12 91.66 26.34 0.14 37.51 United States : March : 3.92 17.22 0.03 9.50 6.90 -0.03 4.80 April : 3.92 17.22 0.03 9.30 6.90 -0.03 5.00 Total foreign : March : 37.08 70.94 26.86 82.34 19.50 0.17 32.87 April : 37.08 70.32 27.09 82.36 19.44 0.17 32.51 Major exporters 5/ : March : 13.74 37.87 1.93 25.43 15.50 -0.03 12.64 April : 13.74 37.17 1.93 25.25 15.31 -0.03 12.30 Pakistan Mar : 2.64 8.10 0.15 7.80 0.60 0.03 2.46 Apr : 2.64 8.10 0.15 7.80 0.60 0.03 2.46 India Mar : 4.78 11.50 1.40 13.30 0.05 0.00 4.33 Apr : 4.78 11.30 1.40 13.20 0.05 0.00 4.23 Central Asia 6/Mar : 1.72 6.38 0.01 1.47 5.20 0.00 1.44 Apr : 1.72 6.30 0.01 1.47 5.17 0.00 1.39 Afr. Fr. Zn. 7/Mar : 1.11 3.33 4/ 0.23 3.30 0.00 0.90 Apr : 1.11 3.23 4/ 0.23 3.21 0.00 0.89 S. Hemis 8/ Mar : 2.65 5.95 0.22 1.27 4.91 -0.08 2.72 Apr : 2.65 5.62 0.22 1.20 4.83 -0.08 2.54 Australia Mar : 1.89 3.40 4/ 0.20 3.30 -0.10 1.89 Apr : 1.89 3.40 4/ 0.20 3.40 -0.10 1.79 Argentina Mar : 0.36 0.93 0.02 0.45 0.50 0.01 0.35 Apr : 0.36 0.70 0.02 0.40 0.35 0.01 0.33 Major importers Mar : 21.41 30.17 18.36 48.63 2.84 0.20 18.27 Apr : 21.41 30.17 18.61 48.83 2.91 0.20 18.25 Brazil Mar : 1.56 3.70 1.10 4.35 0.38 0.00 1.64 Apr : 1.56 3.90 1.00 4.35 0.40 0.00 1.71 Mexico Mar : 0.43 0.34 2.10 2.30 0.10 0.03 0.44 Apr : 0.43 0.34 2.10 2.30 0.10 0.03 0.44 China Mar : 14.95 20.00 0.50 23.00 0.50 0.00 11.95 Apr : 14.95 20.00 0.50 23.00 0.50 0.00 11.95 Europe Mar : 1.78 2.38 5.35 6.05 1.58 0.08 1.80 Apr : 1.78 2.38 5.35 6.05 1.63 0.08 1.75 Turkey Mar : 0.83 3.70 1.55 5.20 0.15 0.00 0.73 Apr : 0.83 3.50 1.55 5.00 0.15 0.00 0.73 Sel. Asia 9/ Mar : 1.86 0.05 7.76 7.73 0.13 0.10 1.71 Apr : 1.86 0.05 8.11 8.13 0.13 0.10 1.66 Indonesia Mar : 0.27 0.01 2.10 2.05 0.01 0.05 0.27 Apr : 0.27 0.01 2.50 2.45 0.01 0.05 0.27 S. Korea Mar : 0.43 4/ 1.35 1.35 0.04 0.00 0.40 Apr : 0.43 4/ 1.35 1.35 0.04 0.00 0.40 =============================================================================== 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 2.33 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-373-28 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 1999 : Annual : 26386 19278 46134 29741 5297 35590 81724 6912 162.7 : 2000 : I : 6653 4834 11605 7603 1284 9020 20625 1754 42.6 II : 6699 4478 11288 7754 1392 9287 20575 1744 43.2 III : 6914 4606 11623 7594 1340 9070 20693 1751 41.2 IV : 6511 5010 11634 7544 1385 9050 20684 1786 40.7 Annual : Mar Est : 26777 18928 46150 30485 5401 36416 82566 7035 167.7 Apr Est : 26777 18928 46150 30495 5402 36427 82577 7035 167.7 : 2001 : I *: 6220 4805 11135 7550 1325 9005 20140 1750 41.7 II *: 6675 4550 11329 7800 1425 9360 20689 1745 43.2 III *: 6620 4685 11402 7700 1400 9230 20632 1760 41.0 IV *: 6075 5050 11228 7750 1450 9330 20558 1820 41.2 Annual : Mar Proj : 25595 19300 45307 31000 5600 37125 82432 7085 167.5 Apr Proj : 25590 19090 45094 30800 5600 36925 82019 7075 167.1 =============================================================================== * 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 1999 : Annual : 65.56 34.00 58.1 69.0 65.6 14.36 : 2000 : I : 69.32 41.14 54.6 62.9 63.3 11.90 II : 71.59 50.43 55.7 69.0 62.1 12.03 III : 65.43 46.43 56.8 73.9 67.1 12.70 IV : 72.26 40.78 57.6 76.2 83.1 12.73 Annual : Mar Est : 69.65 44.70 56.2 70.5 68.9 12.34 Apr Est : 69.65 44.70 56.2 70.5 68.9 12.34 : 2001 : I *: 79.11 42.83 57.8 61.7 75.8 13.27 II *: 72-74 46-48 58-60 65-67 70-72 13.65-14.05 III *: 72-78 45-49 58-62 67-71 74-80 14.00-14.70 IV *: 72-78 35-37 56-60 72-78 77-83 14.45-15.45 Annual : Mar Proj : 73-78 40-43 56-60 66-70 73-78 13.05-13.65 Apr Proj : 74-77 42-44 57-60 66-70 74-78 13.85-14.35 =============================================================================== *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 large, New York, volume buyers. 6/ Price received by farmers for all milk. WASDE-373-29 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 : 1999 : 393 26493 2874 29760 2417 411 26932 69.1 2000 Est. Mar : 411 26888 3032 30331 2516 525 27290 69.4 Apr : 411 26888 3032 30331 2516 525 27290 69.4 2001 Proj. Mar : 525 25701 3080 29306 2530 390 26386 66.5 Apr : 525 25696 3050 29271 2570 390 26311 66.3 : PORK : 1999 : 584 19308 827 20720 1278 489 18952 53.9 2000 Est. Mar : 489 18952 967 20408 1305 477 18626 52.5 Apr : 489 18952 967 20408 1305 477 18626 52.5 2001 Proj. Mar : 477 19330 1000 20807 1350 525 18932 52.9 Apr : 477 19120 990 20587 1350 525 18712 52.3 : TOTAL RED MEAT 4/ : 1999 : 994 46284 3813 51092 3700 914 46477 124.8 2000 Est. Mar : 914 46299 4128 51341 3827 1020 46494 123.7 Apr : 914 46299 4128 51341 3827 1020 46494 123.7 2001 Proj. Mar : 1020 45456 4215 50691 3884 929 45878 121.1 Apr : 1020 45243 4176 50439 3924 930 45585 120.3 : BROILERS : 1999 : 711 29468 4 30183 4920 796 24468 77.0 2000 Est. Mar : 796 30199 6 31001 5548 798 24655 76.9 Apr : 796 30209 6 31011 5548 798 24665 76.9 2001 Proj. Mar : 798 30681 4 31483 5700 830 24953 77.2 Apr : 798 30483 4 31285 5700 750 24835 76.8 : TURKEYS : 1999 : 304 5230 1 5535 379 254 4902 18.0 2000 Est. Mar : 254 5333 1 5588 458 241 4889 17.7 Apr : 254 5333 1 5589 458 241 4890 17.8 2001 Proj. Mar : 241 5528 1 5770 460 275 5034 18.1 Apr : 241 5528 1 5770 460 275 5034 18.1 : TOTAL POULTRY 5/ : 1999 : 1022 35252 7 36281 5692 1058 29531 95.5 2000 Est. Mar : 1058 36062 9 37129 6229 1048 29852 95.8 Apr : 1058 36073 9 37140 6229 1048 29863 95.8 2001 Proj. Mar : 1048 36733 7 37788 6360 1115 30311 96.5 Apr : 1048 36535 7 37590 6300 1035 30253 96.3 : RED MEAT & POULTRY: 1999 : 2016 81537 3820 87372 9392 1972 76008 220.3 2000 Est. Mar : 1972 82361 4137 88470 10056 2068 76346 219.4 Apr : 1972 82372 4137 88481 10056 2068 76357 219.5 2001 Proj. Mar : 2068 82189 4222 88479 10244 2044 76189 217.6 Apr : 2068 81778 4183 88029 10224 1965 75838 216.7 ============================================================================ 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-373-30 U.S. Egg Supply and Use =============================================================================== : : : 2000 Estimated : 2001 Projected : : :-----------------:----------------- Commodity : 1998 : 1999 : Mar : Apr : Mar : Apr =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 7.4 8.4 7.6 7.6 11.4 11.4 Production : 6657.9 6912.0 7034.6 7034.6 7085.0 7075.0 Imports : 5.8 7.4 8.4 8.4 5.0 5.0 Total supply : 6671.2 6927.8 7050.6 7050.6 7101.4 7091.4 : Use : Exports : 218.8 161.7 171.8 171.8 170.0 170.0 Hatching use : 921.8 941.7 940.2 940.2 950.0 945.0 Ending stocks : 8.4 7.6 11.4 11.4 10.0 10.0 Consumption : Total : 5522.2 5816.7 5927.2 5927.2 5971.4 5966.4 Per capita (number) : 244.9 255.7 258.2 258.2 258.0 257.8 =============================================================================== U.S. Milk Supply, Use and Prices =============================================================================== : : : 1999/00 Est 1/ : 2000/01 Proj 1/ Commodity :1997/98:1998/99:-----------------:----------------- : 1/ : 1/ : Mar : Apr : Mar : Apr =============================================================================== MILK : Billion pounds Supply : Beg. commercial stocks 2/ : 5.9 5.8 7.4 7.4 8.9 8.9 Production : 156.5 161.2 167.4 167.4 167.1 166.5 Farm use : 1.4 1.4 1.3 1.3 1.3 1.3 Marketings : 155.1 159.8 166.1 166.1 165.8 165.2 Imports 2/ : 4.1 4.8 4.6 4.6 4.4 4.6 Total cml. supply 2/ : 165.1 170.4 178.1 178.1 179.1 178.8 Use : Commercial use 2/ 3/ : 158.6 162.7 168.5 168.5 170.4 170.5 Ending commercial stks. 2/: 5.8 7.4 8.9 8.9 8.2 8.0 CCC net removals: : Milkfat basis 4/ : 0.7 0.3 0.8 0.8 0.5 0.3 Skim-solids basis 4/ : 4.5 5.4 8.5 8.5 6.0 6.1 : : Dollars per cwt Milk Prices : Basic Formula/Class III 5/: 13.28 14.04 9.99 9.99 10.10- 10.80- : 10.50 11.10 : Class IV : NA NA 11.51 11.51 12.30- 13.00- : 12.90 13.50 : All milk 6/ : 14.65 15.38 12.62 12.62 12.80- 13.40- : 13.20 13.70 : : Million pounds CCC product net removals 4/: Butter : 21 1 11 11 5 0 Cheese : 8 6 17 17 30 16 Nonfat dry milk : 368 449 690 690 485 510 Dry whole milk : 15 12 34 34 3 3 =============================================================================== 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-373-31 Note: Tables on pages 31-33 present a 19-year record of the differences between the April projection and the final estimate. Using world wheat production as an example, changes between the April projection and the final estimate have averaged 2.3 million tons (0.4%) ranging from -6.8 to 6.5 million tons. The April projection has been below the estimate 11 times and above 8 times. Reliability of April Projections ------------------------------------------------------------------------------- :Differences between proj. & final estimate, 1981/82-99/00 1/ Commodity and :------------------------------------------------------------- region : Avg. : Avg. : Difference : Below final : Above final ------------------------------------------------------------------------------- WHEAT :Percent Million metric tons Number of years 2/ Production : World : 0.4 2.3 -6.8 6.5 11 8 U.S. : 0.1 0.0 0.1 0.1 8 5 Foreign : 0.5 2.3 -6.8 6.5 11 8 Exports : World : 2.4 2.7 -7.8 4.0 13 6 U.S. : 2.1 0.7 -0.8 2.1 7 12 Foreign : 3.4 2.8 -8.0 2.6 13 6 Domestic use : World : 0.6 3.2 -8.8 7.1 9 10 U.S. : 3.2 1.0 -1.6 2.2 9 10 Foreign : 0.6 2.9 -7.2 6.6 8 11 Ending stocks : World : 2.1 2.7 -8.9 3.9 13 5 U.S. : 5.7 1.0 -4.0 1.2 12 7 Foreign : 2.5 2.2 -8.5 4.7 14 4 : COARSE GRAINS 3/ : Production : World : 0.7 5.7 -14.7 13.3 14 5 U.S. : 0.1 0.1 -0.2 1.3 9 5 Foreign : 1.0 5.7 -14.7 13.3 14 5 Exports : World : 2.9 3.0 -6.4 6.2 11 8 U.S. : 4.9 2.5 -4.8 7.2 11 8 Foreign : 4.0 2.1 -5.8 4.0 12 7 Domestic use : World : 0.7 5.3 -12.6 20.0 6 13 U.S. : 2.1 3.7 -16.8 9.3 5 14 Foreign : 0.8 4.9 -10.7 17.3 10 9 Ending stocks : World : 6.5 8.8 -19.0 14.9 17 2 U.S. : 6.0 3.5 -12.1 6.9 10 9 Foreign : 8.5 6.2 -19.7 10.2 15 4 : RICE, milled : Production : World : 1.3 4.3 -13.3 10.8 16 3 U.S. : 1.0 0.0 -0.2 0.2 4 3 Foreign : 1.3 4.3 -13.3 10.8 16 3 Exports : World : 7.2 1.3 -4.4 1.1 16 3 U.S. : 4.5 0.1 -0.4 0.3 9 7 Foreign : 8.1 1.2 -4.3 1.1 16 3 Domestic use : World : 0.9 2.8 -8.7 2.4 15 4 U.S. : 5.3 0.1 -0.4 0.4 9 9 Foreign : 0.9 2.8 -8.8 2.6 15 4 Ending stocks : World : 6.3 2.5 -11.1 4.3 13 6 U.S. : 17.1 0.2 -0.3 0.4 9 10 Foreign : 6.8 2.5 -11.4 4.2 13 6 ------------------------------------------------------------------------------- 1/ Footnotes at end of table. CONTINUED WASDE-373-32 Reliability of April Projections (Continued) ------------------------------------------------------------------------------- :Differences between proj. & final estimate, 1981/82-99/00 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 -4.0 2.3 12 7 U.S. : 1.0 0.6 -1.6 1.8 8 8 Foreign : 2.3 1.4 -4.6 2.3 15 4 Exports : World : 3.5 1.1 -4.3 1.6 11 8 U.S. : 4.4 0.9 -1.6 3.0 12 7 Foreign : 10.9 1.1 -3.1 2.1 10 9 Domestic use : World : 1.5 1.7 -4.4 2.6 13 6 U.S. : 1.7 0.6 -2.3 0.8 12 7 Foreign : 1.7 1.3 -3.5 2.3 12 7 Ending stocks : World : 10.3 1.9 -3.7 5.2 11 8 U.S. : 16.8 1.3 -2.6 4.7 8 11 Foreign : 10.6 1.2 -3.9 3.3 12 7 : COTTON : Million 480-pound bales Production : World : 1.0 0.8 -3.0 0.8 14 4 U.S. : 0.2 0.0 0.1 0.1 7 7 Foreign : 1.2 0.8 -3.0 0.8 13 5 Exports : World : 3.1 0.7 -2.8 1.1 10 9 U.S. : 2.9 0.2 -0.5 0.6 5 11 Foreign : 4.2 0.8 -3.4 1.2 10 9 Mill use : World : 1.3 1.0 -2.4 1.2 11 8 U.S. : 2.5 0.2 -0.6 0.2 13 3 Foreign : 1.4 1.0 -2.0 1.4 11 8 Ending stocks : World : 5.5 1.8 -3.9 3.3 11 8 U.S. : 7.7 0.3 -0.6 1.3 9 10 Foreign : 5.7 1.7 -4.1 2.7 9 10 ------------------------------------------------------------------------------- 1/ Final estimate for 1981/82-99/00 is defined as the first November estimate following the marketing year. 2/ May not total 19 if projection was the same as final estimate. 3/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. WASDE-373-33 Reliability of United States April Projections 1/ ------------------------------------------------------------------------------- :Differences between proj. & final estimate, 1981/82-99/00 2/ Commodity and :------------------------------------------------------------- region : Avg. : Avg. : Difference : Below final : Above final ------------------------------------------------------------------------------- CORN :Percent Million bushels Number of years 3/ Production : 0.1 2 -8 38 1 1 Exports : 4.9 86 -181 209 9 10 Domestic use : 2.1 122 -474 225 6 13 Ending stocks : 7.7 144 -470 358 11 8 : SORGHUM : Production : 0.1 0 0 4 0 2 Exports : 11.3 26 -70 72 13 5 Domestic use : 7.3 35 -158 77 9 10 Ending stocks : 29.7 33 -53 148 10 9 : BARLEY : Production : 0.4 2 -3 11 8 3 Exports : 6.5 5 -10 13 3 14 Domestic use : 3.7 15 -30 64 9 9 Ending stocks : 9.4 17 -52 24 13 6 : OATS : Production : 0.1 0 -2 1 3 2 Exports : 20.7 1 -1 3 3 4 Domestic use : 2.5 10 -26 24 7 11 Ending stocks : 8.5 12 -30 21 10 9 : : Thousand short tons SOYBEAN MEAL : Production : 2.1 633 -2153 617 14 5 Exports : 6.3 426 -1450 941 15 4 Domestic use : 1.7 396 -950 541 15 4 Ending stocks : 34.5 84 -214 208 7 11 : : Million pounds SOYBEAN OIL : Production : 2.2 313 -1058 310 15 4 Exports : 13.0 206 -500 564 9 10 Domestic use : 1.5 184 -562 196 13 5 Ending stocks : 14.9 220 -692 423 12 7 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 2.2 516 -561 1388 13 5 Pork : 2.4 375 -790 983 12 6 Broilers : 1.3 256 -404 584 11 7 Turkeys : 2.3 93 -244 175 10 8 : : Million dozen Eggs : 1.1 68 -120 143 14 4 : : Billion pounds Milk : 0.8 1.1 -3.2 3.1 8 10 ------------------------------------------------------------------------------- 1/ See pages 31 and 32 for record of reliability for U.S. wheat, rice, soybeans, and cotton. 2/ Final estimate for 1981/82-99/00 is defined as the first November estimate following the marketing year. 3/ May not total 19 for crops and 17 for animal production if projection was the same as the final estimate. 4/ Calendar years 1984 thru 1999 for meats and eggs; October-September years 1983/84 thru 1998/99 for milk. Final for animal products is defined as latest annual production estimate published by NASS. WASDE-373-34 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 ---