WASDE-384 March 8, 2002 WHEAT: Forecast U.S. 2001/02 stocks of wheat are up 30 million bushels from last month, due to reduced food use and exports. Expected food use is down 5 million bushels, based on recently released mill grind estimates by the Census Bureau. Forecast exports are reduced 25 million bushels because of lagging sales and shipments to date and ample supplies in competing exporters. The forecast price range is unchanged at $2.75 to $2.85 per bushel. Forecast global 2001/02 production is up slightly from last month, largely because of increased production in Australia and India. Increased EU imports account for most of the rise in forecast global imports. Forecast exports are reduced for the United States and the EU, but increased for Ukraine and Russia. The United States and the EU account for most of the increase in forecast 2001/02 global ending stocks of wheat. COARSE GRAINS: Forecast U.S. 2001/02 ending stocks of corn are up 50 million bushels from last month, as expected exports are trimmed because of lagging sales and shipments to date and China's recent cancellation of most of its purchases of U.S. corn made last fall. Projected corn prices are down 10 cents on the top end of the range to $1.85 to $2.05 cents per bushel. Global 2001/02 coarse grain supply, use, and ending stocks projections are up slightly from last month. Corn production is up 2 million tons for China to 110 million. Estimates of total grain production recently released by China's National Bureau of Statistics did not provide any breakout by type of grain. However, reports from other government agencies in China indicated their corn production is a little larger than USDA estimated last month. Larger prospective corn crops in Mexico, Argentina, and South Africa account for most of remaining rise in foreign coarse grain production. Projected corn imports by China are reduced 750,000 tons from last month to 250,000 tons. Projected corn imports are also reduced for Mexico and Venezuela. These reductions are partially offset by larger prospective imports by Canada, South Korea, and Russia. Lower projected exports for the United States and Romania are partially offset by larger expected sales by Argentina and Hungary. Bigger prospective ending stocks of corn in the United States and China account for most of the increase in global 2001/02 ending stocks of coarse grains. RICE: Only slight changes are made to the U.S. 2001/02 supply and use. U.S. imports for 2001/02 are raised 1 million cwt from last month to a record 13.5 million cwt based on a higher-than-expected import pace through December according to data from the Census Bureau. Although total exports in 2001/02 are unchanged at 88 million cwt, minor revisions are made to rough and milled exports. Rough rice exports in 2001/02 are projected at 26 million cwt, up 1 million cwt from last month, while exports of milled rice (rough-equivalent basis) are lowered 1 million cwt to 62 million cwt. Ending stocks are projected at 43.9 million cwt, up slightly from last month, 54 percent above 2000/01, and the highest level since 1986/87. The season-average price for 2001/02 is lowered to $4.00 to $4.20 per cwt, down $0.10 per cwt on the low end of the range and $0.20 per cwt on the high end. Global production, imports, exports, consumption and ending stocks are raised from last month. World production is projected at 395.3 million tons, 3.1 million tons above last month, 2.1 million tons below 2000/01, and 13.4 million tons below record 1999/2000. The increase in global production in 2001/02 is due primarily to larger crops projected for Bangladesh, Indonesia, Peru, and the Philippines which are partially offset by declines in China and Australia. Global consumption for 2001/02 is projected at a record 405.5 million tons, up 1.8 million tons from last month and an increase of 1.3 million tons from 2000/01. Projected imports for 2001/02 are raised for Indonesia and the U.S. which are partially offset by reductions in Bangladesh, Peru and the Philippines. Exports in 2001/02 are projected higher for Thailand, India and Burma. Global ending stocks in 2001/02 are projected at 126.6 million tons, 0.6 million tons above last month but 10.2 million tons below 2000/01. OILSEEDS: U.S. domestic use for soybean meal and oil are increased this month, based on strong to date disappearance. Soybean crush is raised 5 million bushels to a record 1,685 million bushels, reflecting strong demand for products. Soybean ending stocks are lowered 5 million bushels, based on increased crush. Although U.S. soybean exports are strong to date, forecast exports for 2001/02 are unchanged from last month because of prospective increases in supplies in South America. Soybean oil stocks are unchanged this month as increased domestic use is offset by reduced exports. The U.S. season-average soybean price range for 2001/02 is tightened to $4.05 to $4.45 per bushel. Soybean oil prices are projected at 14.25- 15.75 cents per pound, down 0.25 cents on each end of the range. Soybean meal prices are unchanged at $150 to $165 per short ton. Global oilseed production for 2001/02 is projected at a record 324.7 million tons, up 0.9 million tons from last month and 11.7 million tons above last year. Brazil's soybean production is increased 1 million tons to a record 43.5 million tons, due to increased area. Reduced rapeseed production for China is partially offsetting. China's soybean imports are lowered 0.5 million tons to 13 million tons this month because of temporary delays related to new import regulations. However, China's imports will remain near last year's record level. Foreign soybean stocks are up slightly, as increased stocks in South America are only partially offset by reductions for China. SUGAR: Projected U.S. sugar production for fiscal year 2001/02 is increased 45,000 short tons, raw value, mainly due to higher-than- expected sugar recovery from sugarbeets. Cane sugar production in Louisiana is decreased 35,000 tons, based on lower-than-expected January output. Florida is increased 30,000 tons, mainly due to higher- than-expected sugar recovery from sugarcane. Total use is decreased 70,000 tons, due to continued weakness in deliveries for domestic food and beverages. The season-ending total stocks-to-use ratio is 13.9 percent, compared with 12.7 percent last month. Stocks held by the Commodity Credit Corporation are reduced 30,000 tons, mainly due to CCC sales for unrestricted use. LIVESTOCK, POULTRY, AND DAIRY: Forecast total meat production in 2002 is raised about 220 million pounds from last month, largely due to higher beef and broiler production. Beef production is increased because cattle are being slaughtered at higher-than-expected dressed weights (record high) during the first quarter and more cattle are expected to be marketed in the second half of the year. Broiler production is estimated about 1 percent higher during the first half of the year as weekly chick placements remain strong. Pork production is fractionally higher, due to larger slaughter and heavier dressed weights in the first quarter. U.S. meat export forecasts for 2002 are unchanged. Because of uncertainties, Russia's announced ban on U.S. poultry meat is not factored into these forecasts. Forecasts may be adjusted as more information becomes available. U.S. per capita meat consumption data are revised, based on a new population series from the Commerce Department's Bureau of Economic Analysis which incorporates the 2000 Census data. A historical series back to 1990 will be available from USDA's Economic Research Service by mid-March. First-quarter 2002 cattle prices are raised from last month's forecast, due to stronger year-to-date prices. Hog prices during first-half 2002 are lowered, due to competition from beef and broilers. Forecast milk production in 2001/02 is raised fractionally from last month, based on slightly higher milk per cow. Tight heifer supplies are expected to continue constraining milk production growth. Forecast commercial use is reduced slightly from last month. Skim solids demand is weaker than previously expected, and CCC removals of nonfat dry milk through the end of the price support program in May are forecast higher. The forecast Class IV price is lowered to $11.60 to $12.20 per cwt from last month. The Class III price forecast is also reduced. The 2001/02 all milk price forecast is lowered to $13.05 to $13.45 per cwt. COTTON: A higher U.S. export forecast reduces this month's 2001/02 ending stocks forecast. Exports are raised 3 percent to 10.3 million bales, based on continued strong sales and shipments. Estimates of production and domestic mill use are unchanged. Ending stocks are pegged at 8.5 million bales, down 300,000 bales from last month. The world forecasts for 2001/02 include marginal increases in production and consumption. Production is raised for Greece and Pakistan, partially offset by a reduction for Zimbabwe. Consumption estimates are higher for Italy, South Korea, Czech Republic, Mexico, and Pakistan, partially offset by a reduction for Uzbekistan. Ending stocks are virtually unchanged. 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: KEITH J. COLLINS ACTING SECRETARY OF AGRICULTURE The next issue of this report will be released 8:30 a.m. ET on April 10, 2002. The World Agricultural Supply and Demand Estimates (WASDE) report will be released 8:30 a.m. Eastern Time on the following dates in 2002: Apr. 10, May 10, June 12, July 11, Aug. 12, Sep. 12, Oct. 11, Nov. 12, and Dec. 10. ELECTRONIC ACCESS AND SUBSCRIPTIONS Download this report in ascii text or pdf (Adobe Acrobat) format at ww.usda.gov/oce/waob/wasde/wasde.htm. Acrobat files can be viewed or printed in their original form, page by page. This report and other USDA releases are posted electronically by release date at www.usda.gov/news/calindex.htm. To view a report, click the month of release, then the report title. 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WASDE-384-6 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/ : 1999/00 : 1,871.07 2,394.29 281.01 1,871.25 523.03 2000/01 (Est.) : 1,840.25 2,363.28 272.19 1,874.49 488.79 2001/02 (Proj.) : February : 1,840.58 2,331.03 266.82 1,887.24 443.79 March : 1,849.51 2,338.30 266.79 1,889.88 448.43 Wheat : 1999/00 : 585.97 761.36 134.95 591.36 170.00 2000/01 (Est.) : 583.20 753.20 126.74 589.07 164.13 2001/02 (Proj.) : February : 578.64 742.82 130.08 590.51 152.31 March : 579.03 743.16 129.70 588.89 154.27 Coarse grains 4/ : 1999/00 : 876.43 1,091.22 122.07 881.78 209.44 2000/01 (Est.) : 859.66 1,069.10 119.82 881.19 187.91 2001/02 (Proj.) : February : 869.74 1,058.49 113.35 892.99 165.49 March : 875.16 1,063.07 113.14 895.46 167.61 Rice, milled : 1999/00 : 408.67 541.71 23.99 398.12 143.59 2000/01 (Est.) : 397.39 540.98 25.63 404.23 136.75 2001/02 (Proj.) : February : 392.20 529.72 23.40 403.73 125.99 March : 395.32 532.07 23.96 405.53 126.55 : : United States Total grains 3/ : 1999/00 : 332.24 415.71 88.75 251.38 75.57 2000/01 (Est.) : 339.83 420.91 88.01 255.47 77.43 2001/02 (Proj.) : February : 321.71 404.75 87.40 254.45 62.90 March : 321.71 404.83 85.45 254.36 65.02 Wheat : 1999/00 : 62.57 90.88 29.63 35.41 25.85 2000/01 (Est.) : 60.76 89.05 28.87 36.34 23.85 2001/02 (Proj.) : February : 53.28 79.71 27.22 34.24 18.26 March : 53.28 79.71 26.54 34.10 19.07 Coarse grains 4/ : 1999/00 : 263.17 317.31 56.32 212.13 48.86 2000/01 (Est.) : 273.13 324.70 56.45 215.55 52.70 2001/02 (Proj.) : February : 261.86 317.19 57.47 216.39 43.32 March : 261.86 317.24 56.20 216.44 44.59 Rice, milled : 1999/00 : 6.50 7.52 2.80 3.85 0.87 2000/01 (Est.) : 5.94 7.15 2.69 3.58 0.89 2001/02 (Proj.) : February : 6.57 7.86 2.71 3.82 1.32 March : 6.57 7.89 2.71 3.82 1.36 =============================================================================== 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-384-7 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/ : 1999/00 : 1,538.83 1,978.58 192.26 1,619.87 447.46 2000/01 (Est.) : 1,500.42 1,942.38 184.18 1,619.02 411.36 2001/02 (Proj.) : February : 1,518.87 1,926.28 179.42 1,632.80 380.89 March : 1,527.80 1,933.47 181.34 1,635.52 383.41 Wheat : 1999/00 : 523.40 670.48 105.33 555.95 144.15 2000/01 (Est.) : 522.44 664.15 97.87 552.73 140.28 2001/02 (Proj.) : February : 525.36 663.11 102.86 556.28 134.05 March : 525.76 663.46 103.16 554.79 135.20 Coarse grains 5/ : 1999/00 : 613.26 773.91 65.74 669.65 160.58 2000/01 (Est.) : 586.54 744.40 63.37 665.64 135.21 2001/02 (Proj.) : February : 607.88 741.30 55.88 676.60 122.17 March : 613.29 745.83 56.94 679.02 123.02 Rice, milled : 1999/00 : 402.17 534.19 21.19 394.27 142.72 2000/01 (Est.) : 391.45 533.83 22.94 400.65 135.86 2001/02 (Proj.) : February : 385.62 521.87 20.68 399.92 124.66 March : 388.75 524.18 21.24 401.71 125.19 =============================================================================== 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 1999/00 : 87.35 132.48 27.30 91.85 41.63 2000/01 (Est.) : 88.53 130.15 26.28 92.07 38.76 2001/02 (Proj.) : February : 96.87 135.54 28.89 91.70 43.93 March : 97.16 135.92 29.09 91.98 43.97 : United States 1999/00 : 16.97 21.00 6.75 10.24 3.92 2000/01 (Est.) : 17.19 21.13 6.76 8.88 6.00 2001/02 (Proj.) : February : 20.08 26.10 10.00 7.30 8.80 March : 20.08 26.10 10.30 7.30 8.50 : Foreign 3/ 1999/00 : 70.38 111.48 20.55 81.61 37.70 2000/01 (Est.) : 71.34 109.03 19.51 83.18 32.76 2001/02 (Proj.) : February : 76.79 109.45 18.89 84.40 35.13 March : 77.08 109.82 18.79 84.68 35.47 =============================================================================== 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. WASDE-384-8 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 : 1999/00 : 303.40 335.22 64.54 247.66 34.30 2000/01 (Est.) : 312.98 347.28 72.00 256.39 33.69 2001/02 (Proj.) : February : 323.80 357.43 71.93 265.51 32.46 March : 324.68 358.36 72.05 266.84 32.41 Oilmeals : 1999/00 : 168.81 175.61 56.17 169.46 5.69 2000/01 (Est.) : 177.46 183.15 57.09 177.16 5.37 2001/02 (Proj.) : February : 183.70 189.16 58.89 183.42 5.39 March : 184.52 189.89 59.38 184.06 5.40 Vegetable Oils : 1999/00 : 85.90 93.28 32.82 83.99 8.14 2000/01 (Est.) : 88.98 97.11 34.62 88.65 8.04 2001/02 (Proj.) : February : 90.87 98.83 35.56 91.34 7.18 March : 91.12 99.16 35.67 91.69 7.15 : : United States Oilseeds : 1999/00 : 82.31 93.85 27.39 47.90 8.98 2000/01 (Est.) : 84.89 94.69 28.08 49.02 7.83 2001/02 (Proj.) : February : 89.91 98.31 28.79 50.46 8.65 March : 89.91 98.39 28.79 50.56 8.52 Oilmeals : 1999/00 : 36.70 38.27 6.85 31.12 0.30 2000/01 (Est.) : 38.20 39.66 7.19 32.07 0.40 2001/02 (Proj.) : February : 38.92 40.41 7.41 32.69 0.30 March : 39.03 40.53 7.43 32.80 0.30 Vegetable Oils : 1999/00 : 9.37 11.90 1.13 9.55 1.21 2000/01 (Est.) : 9.51 12.42 1.06 9.67 1.69 2001/02 (Proj.) : February : 9.72 13.05 1.55 10.03 1.47 March : 9.72 13.05 1.49 10.09 1.47 : : Foreign 3/ Oilseeds : 1999/00 : 221.08 241.37 37.14 199.75 25.31 2000/01 (Est.) : 228.09 252.58 43.92 207.37 25.86 2001/02 (Proj.) : February : 233.89 259.13 43.15 215.05 23.80 March : 234.76 259.97 43.27 216.28 23.89 Oilmeals : 1999/00 : 132.12 137.34 49.32 138.34 5.39 2000/01 (Est.) : 139.26 143.49 49.89 145.09 4.97 2001/02 (Proj.) : February : 144.78 148.76 51.48 150.72 5.09 March : 145.49 149.36 51.95 151.27 5.10 Vegetable Oils : 1999/00 : 76.53 81.38 31.69 74.44 6.92 2000/01 (Est.) : 79.47 84.70 33.57 78.98 6.35 2001/02 (Proj.) : February : 81.15 85.78 34.01 81.31 5.72 March : 81.39 86.11 34.17 81.60 5.68 =============================================================================== 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-384-9 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2001/02 Projections Item : 1999/00 : 2000/01 :============================== : : Est. : February March =============================================================================== Area : Million acres Planted : 62.7 62.6 59.6 59.6 Harvested : 53.8 53.1 48.7 48.7 Yield per harvested : Bushels acre : 42.7 42.0 40.2 40.2 : Million bushels Beginning stocks : 946 950 876 876 Production : 2,299 2,232 1,958 1,958 Imports : 94 90 95 95 Supply, total : 3,339 3,272 2,929 2,929 Food : 921 956 950 945 Seed : 92 80 83 83 Feed and residual : 288 299 225 225 Domestic, total : 1,301 1,335 1,258 1,253 Exports : 1,089 1,061 1,000 975 Use, total : 2,390 2,396 2,258 2,228 Ending stocks : 950 876 671 701 CCC inventory : 104 97 94 94 Free stocks : 846 779 577 607 Avg. farm price ($/bu) 2/ : 2.48 2.62 2.75- 2.85 2.75- 2.85 =============================================================================== U.S. Wheat by Class: Supply and Use =============================================================================== Year beginning : Hard : Hard : Soft : : : June 1 : Winter : Spring : Red : White : Durum : Total =============================================================================== 2000/01 (estimated) : Million bushels Beginning stocks : 458 218 133 91 50 950 Production : 846 502 471 303 110 2,232 Supply, total 3/ : 1,304 779 604 399 185 3,272 Domestic use : 503 343 291 120 79 1,335 Exports : 390 226 179 204 62 1,061 Use, total : 893 569 469 324 140 2,396 Ending stocks, total : 411 210 135 75 45 876 : 2001/02 (projected) : Beginning stocks : 411 210 135 75 45 876 Production : 767 476 400 232 84 1,958 Supply, total 3/ : 1,179 740 535 314 162 2,929 Domestic use : 488 323 261 91 90 1,253 Exports : 360 220 200 150 45 975 Use, total : 848 543 461 241 136 2,228 Ending stocks, total : March : 331 197 74 73 26 701 February : 321 192 64 71 23 671 =============================================================================== 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-384-10 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2001/02 Projections Item : 1999/00 : 2000/01 :============================== : : Est. : February March =============================================================================== FEED GRAINS : Area : Million acres Planted : 96.5 99.1 95.4 95.4 Harvested : 86.2 87.7 83.6 83.6 Yield per harvested : Metric tons acre : 3.05 3.11 3.13 3.13 : Million metric tons Beginning stocks : 51.3 48.8 52.7 52.7 Production : 262.9 272.9 261.7 261.7 Imports : 2.7 2.6 2.5 2.5 Supply, total : 316.9 324.4 316.9 316.9 Feed and residual : 157.0 159.7 158.3 158.3 Food, seed & industrial : 54.7 55.6 57.8 57.8 Domestic, total : 211.7 215.3 216.1 216.1 Exports : 56.3 56.4 57.5 56.2 Use, total : 268.1 271.7 273.6 272.3 Ending stocks, total : 48.8 52.7 43.3 44.6 CCC inventory : 0.4 0.2 0.2 0.2 Free stocks : 48.5 52.4 43.1 44.4 Outstanding loans : 10.2 6.6 5.9 5.9 : CORN : Area : Million acres Planted : 77.4 79.6 75.8 75.8 Harvested : 70.5 72.4 68.8 68.8 Yield per harvested : Bushels acre : 133.8 136.9 138.2 138.2 : Million bushels Beginning stocks : 1,787 1,718 1,899 1,899 Production : 9,431 9,915 9,507 9,507 Imports : 15 7 10 10 Supply, total : 11,232 11,639 11,416 11,416 Feed and residual : 5,665 5,838 5,850 5,850 Food, seed & industrial : 1,913 1,967 2,045 2,045 Domestic, total : 7,578 7,805 7,895 7,895 Exports : 1,937 1,935 1,975 1,925 Use, total : 9,515 9,740 9,870 9,820 Ending stocks, total : 1,718 1,899 1,546 1,596 CCC inventory : 14 8 5 5 Free stocks : 1,704 1,891 1,541 1,591 Outstanding loans : 392 253 225 225 Avg. farm price ($/bu) 2/ : 1.82 1.85 1.85- 2.15 1.85- 2.05 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. WASDE-384-11 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2001/02 Projections Item : 1999/00 : 2000/01 :============================== : : Est. : February March =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 9.3 9.2 10.3 10.3 Area harv. (mil. acres) : 8.5 7.7 8.6 8.6 Yield (bushels/acre) : 69.7 60.9 59.9 59.9 Beginning stocks : 65 65 42 42 Production : 595 471 515 515 Imports : 0 0 0 0 Supply, total : 660 536 556 556 Feed and residual : 285 223 200 200 Food, seed & industrial : 55 35 45 45 Total domestic : 340 258 245 245 Exports : 255 236 260 260 Use, total : 595 494 505 505 Ending stocks, total : 65 42 51 51 Avg. farm price ($/bu) 2/ : 1.57 1.89 1.80- 2.10 1.80- 2.00 : BARLEY : Area planted (mil. acres) : 5.2 5.9 5.0 5.0 Area harv. (mil. acres) : 4.7 5.2 4.3 4.3 Yield (bushels/acre) : 59.2 61.1 58.2 58.2 Beginning stocks : 142 111 106 106 Production : 280 319 250 250 Imports : 28 29 25 25 Supply, total : 450 459 381 381 Feed and residual : 138 123 95 95 Food, seed & industrial : 172 172 172 172 Total domestic : 310 295 267 267 Exports : 28 58 30 30 Use, total : 338 353 297 297 Ending stocks, total : 111 106 84 84 Avg. farm price ($/bu) 2/ : 2.13 2.11 2.20- 2.30 2.20- 2.30 : OATS : Area planted (mil. acres) : 4.7 4.5 4.4 4.4 Area harv. (mil. acres) : 2.5 2.3 1.9 1.9 Yield (bushels/acre) : 59.6 64.2 61.3 61.3 Beginning stocks : 81 76 73 73 Production : 146 150 117 117 Imports : 99 106 100 100 Supply, total : 326 332 290 290 Feed and residual : 180 189 155 155 Food, seed & industrial : 68 68 70 70 Total domestic : 248 257 225 225 Exports : 2 2 3 3 Use, total : 250 259 228 228 Ending stocks, total : 76 73 62 62 Avg. farm price ($/bu) 2/ : 1.12 1.10 1.45- 1.55 1.50- 1.60 =============================================================================== 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-384-12 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2001/02 Projections Item : 1999/00 : 2000/01 :============================== : : Est. : February March =============================================================================== TOTAL : Area : Million acres Planted : 3.53 3.06 3.34 3.34 Harvested : 3.51 3.04 3.31 3.31 Yield per harvested : Pounds acre : 5,866 6,281 6,429 6,429 : : Million hundredweight : Beginning stocks 2/ : 22.1 27.5 28.5 28.5 Production : 206.0 190.9 213.0 213.0 Imports : 10.1 10.8 12.5 13.5 Supply, total : 238.2 229.2 254.0 255.0 Domestic & residual 3/ : 121.9 114.3 123.1 123.1 Exports, total 4/ : 88.8 86.4 88.0 88.0 Rough : 25.2 22.7 25.0 26.0 Milled (rough equiv.) : 63.6 63.7 63.0 62.0 Use, total : 210.7 200.7 211.1 211.1 Ending stocks : 27.5 28.5 42.9 43.9 Avg. milling yield (%) 5/ : 69.6 68.6 68.0 68.0 Avg. farm price ($/cwt) 6/ : 5.93 5.61 4.10- 4.40 4.00- 4.20 : LONG GRAIN : Harvested acres (mil.) : 2.72 2.19 2.70 2.70 Yield (pounds/acre) : 5,587 5,882 6,130 6,130 Beginning stocks : 14.1 15.6 11.6 11.6 Production : 151.9 128.8 165.3 165.3 Supply, total 7/ : 173.5 152.8 186.5 186.5 Domestic & Residual 3/ : 87.6 75.1 87.1 86.1 Exports 8/ : 70.3 66.1 72.0 72.0 Use, total : 157.9 141.2 159.1 158.1 Ending stocks : 15.6 11.6 27.4 28.4 : : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.79 0.85 0.62 0.62 Yield (pounds/acre) : 6,822 7,308 7,733 7,733 Beginning stocks : 6.8 10.4 15.6 15.6 Production : 54.2 62.1 47.7 47.7 Supply, total 7/ : 63.3 75.1 66.3 67.3 Domestic & Residual 3/ : 34.3 39.2 36.0 37.0 Exports 8/ : 18.6 20.3 16.0 16.0 Use, total : 52.9 59.5 52.0 53.0 Ending stocks : 10.4 15.6 14.3 14.3 =============================================================================== 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): 1999/00-1.2; 2000/01-1.4; 2001/02-1.3. 3/ Residual includes unreported use, processing losses and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. WASDE-384-13 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2001/02 Projections Item : 1999/00 : 2000/01 :=============================== : : Est. : February March =============================================================================== SOYBEANS: : Million acres Area : Planted : 73.7 74.3 74.1 74.1 Harvested : 72.4 72.4 73.0 73.0 : : Bushels Yield per harvested : acre : 36.6 38.1 39.6 39.6 : : Million bushels : Beginning stocks : 348 290 248 248 Production : 2,654 2,758 2,891 2,891 Imports : 4 4 5 5 Supply, total : 3,006 3,052 3,143 3,143 Crushings : 1,578 1,641 1,680 1,685 Exports : 975 1,000 1,020 1,020 Seed : 90 91 91 91 Residual : 74 73 82 82 Use, total : 2,716 2,804 2,873 2,878 Ending stocks : 290 248 270 265 Avg. farm price ($/bu) 2/ : 4.63 4.54 4.00- 4.60 4.05 - 4.45 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 1,520 1,995 2,877 2,877 Production : 17,825 18,434 18,730 18,755 Imports : 82 73 78 78 Supply, total : 19,426 20,502 21,685 21,710 Domestic : 16,056 16,219 16,750 16,875 Exports : 1,375 1,406 2,400 2,300 Use, total : 17,431 17,625 19,150 19,175 Ending stocks : 1,995 2,877 2,535 2,535 Average price (c/lb) 2/ : 15.60 14.15 14.50- 14.25- : 16.00 15.75 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 330 293 383 383 Production : 37,591 39,389 40,092 40,212 Imports : 49 51 50 60 Supply, total : 37,970 39,733 40,525 40,655 Domestic : 30,345 31,687 32,350 32,480 Exports : 7,332 7,662 7,900 7,900 Use, total : 37,678 39,349 40,250 40,380 Ending stocks : 293 383 275 275 Average price ($/s.t.) 2/ : 167.70 173.60 150.00- 150.00- : 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. WASDE-384-14 U.S. Sugar Supply and Use 1/ ====================================================================== : : : 2001/02 Projections Item : 1999/00 : 2000/01 :====================== : : Estimate : February March ====================================================================== : 1,000 short tons, raw value : Beginning stocks 2/ : 1,639 2,219 2,194 2,194 Production 2/3/ : 9,042 8,674 7,925 7,970 Beet sugar : 4,976 4,592 3,900 3,950 Cane sugar 4/ : 4,065 4,082 4,025 4,020 Imports 2/ : 1,636 1,574 1,676 1,676 TRQ 5/ : 1,124 1,260 1,341 1,341 Other 6/ : 512 314 335 335 Total supply : 12,317 12,467 11,795 11,840 : Exports 2/7/ : 124 141 125 125 Domestic deliveries 2/ : 10,111 10,130 10,255 10,185 Domestic food use : 9,993 9,998 10,070 10,000 Other 8/ : 118 132 185 185 Miscellaneous 9/ : (137) 1 90 90 Use, total : 10,098 10,272 10,470 10,400 Ending stocks 2/ : 2,219 2,194 1,325 1,440 Private : 1,922 1,410 979 1,124 CCC 10/ : 297 784 346 316 : Stocks to use ratio : 22.0 21.4 12.7 13.9 ====================================================================== 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 2001/02 are based on the March Crop Production and analyses by Interagency Commodity Estimates Committee for sugar. 4/ Production by state for 2000/01 (projected 2001/02): FL 2,055 (2,020); HI 241 (270); LA 1,579 (1,575); TX 207 (150); PR 0 (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 2001/02 available TRQs assume shortfall of 65,000 tons. 6/ Includes sugar under the re-export and polyhydric alcohol programs and other imports not under these programs. 7/ Mostly re-exports. 8/ Transfer to sugar-containing products for re-export, for nonedible alcohol, and feed. 9/ Includes residual statistical discrepancies and expected Commodity Credit Corporation sales to ethanol producers. 10/ For 2001/02, includes only sugar owned by CCC, as of March 6, 2002, net of expected sales to ethanol producers. Season-ending CCC stocks will be a function of market and program developments. WASDE-384-15 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2001/02 Projections Item : 1999/00 : 2000/01 :=============================== : : Est. : February March =============================================================================== : Million acres Area : Planted : 14.87 15.52 15.79 15.79 Harvested : 13.42 13.05 13.81 13.81 : : Pounds Yield per harvested : acre : 607 632 698 698 : : Million 480 pound bales : Beginning stocks 2/ : 3.94 3.92 6.00 6.00 Production : 16.97 17.19 20.08 20.08 Imports : 0.10 0.02 0.01 0.02 Supply, total : 21.00 21.12 26.10 26.10 Domestic use : 10.24 8.88 7.30 7.30 Exports : 6.75 6.76 10.00 10.30 Use, total : 16.99 15.64 17.30 17.60 Unaccounted 3/ : 0.09 -0.52 0.00 0.00 Ending stocks : 3.92 6.00 8.80 8.50 : Avg. farm price 4/ : 45.0 49.8 31.7 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 price for August 2001-January 2002. 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 2001/02 is 47.9 percent. WASDE-384-16 World Wheat Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 1999/00 : World 3/ : 175.39 585.97 131.34 98.40 591.36 134.95 170.00 United States : 25.74 62.57 2.57 7.84 35.41 29.63 25.85 Total foreign : 149.65 523.40 128.77 90.55 555.95 105.33 144.15 Major exporters 4/ : 27.68 164.13 25.37 48.88 104.14 86.94 26.08 Argentina : 0.30 15.70 0.03 0.10 4.14 11.59 0.30 Australia : 1.87 24.76 0.06 2.48 5.23 17.84 3.61 Canada : 7.44 26.90 0.19 3.60 7.62 19.17 7.74 EU-15 : 18.07 96.77 25.09 42.71 87.16 38.34 14.43 Major importers 5/ : 87.01 174.44 34.67 17.06 209.86 4.75 81.51 Brazil : 0.78 2.40 7.61 0.20 9.53 0.00 1.25 China : 66.44 113.88 1.01 5.00 115.62 0.54 65.16 East. Europe : 7.69 28.20 1.50 10.50 29.57 3.40 4.41 N. Africa : 7.04 11.53 16.48 0.31 28.77 0.17 6.11 Pakistan : 3.75 17.85 2.10 0.40 20.45 0.00 3.25 Selected other : India : 9.92 70.78 1.37 0.35 68.79 0.20 13.08 FSU-12 6/ : 5.45 64.75 9.49 17.31 65.60 9.10 5.00 Russia : 1.00 31.00 5.08 11.80 35.37 0.52 1.20 Kazakstan : 0.60 11.20 0.00 1.00 4.59 6.51 0.70 : : 2000/01 (Estimated) : World 3/ : 170.00 583.20 125.89 100.53 589.07 126.74 164.13 United States : 25.85 60.76 2.45 8.14 36.34 28.87 23.85 Total foreign : 144.15 522.44 123.44 92.39 552.73 97.87 140.28 Major exporters 4/ : 26.08 172.31 26.99 55.23 111.39 83.75 30.23 Argentina : 0.30 16.50 0.03 0.30 4.40 11.70 0.73 Australia : 3.61 23.77 0.05 4.00 6.87 15.93 4.63 Canada : 7.74 26.80 0.20 4.15 8.22 17.32 9.21 EU-15 : 14.43 105.24 26.72 46.78 91.91 38.81 15.67 Major importers 5/ : 81.51 161.39 34.89 15.23 207.26 3.95 66.58 Brazil : 1.25 1.66 7.29 0.20 9.50 0.00 0.70 China : 65.16 99.64 0.20 3.50 113.90 0.62 50.48 East. Europe : 4.41 28.39 3.10 10.14 29.15 2.32 4.44 N. Africa : 6.11 9.94 18.25 0.31 28.39 0.30 5.60 Pakistan : 3.25 21.08 0.15 0.50 20.50 0.25 3.73 Selected other : India : 13.08 76.37 0.05 0.50 66.43 1.57 21.50 FSU-12 6/ : 5.00 63.12 4.95 15.71 63.11 4.60 5.37 Russia : 1.20 34.45 1.50 11.60 35.05 0.70 1.40 Kazakstan : 0.70 9.10 0.01 1.10 4.70 3.67 1.45 =============================================================================== 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-384-17 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: =============================================================================== : : 2001/02 (Projected) World 3/ : February : 164.18 578.64 128.11 103.36 590.51 130.08 152.31 March : 164.13 579.03 128.61 103.86 588.89 129.70 154.27 United States : February : 23.85 53.28 2.59 6.12 34.24 27.22 18.26 March : 23.85 53.28 2.59 6.12 34.10 26.54 19.07 Total foreign : February : 140.33 525.36 125.53 97.24 556.28 102.86 134.05 March : 140.28 525.76 126.03 97.74 554.79 103.16 135.20 Major exporters 4/ : February : 30.26 152.26 28.55 52.40 108.19 79.30 23.58 March : 30.23 152.62 29.05 52.80 108.57 78.80 24.53 Argentina Feb : 0.73 15.70 0.03 0.40 4.40 11.50 0.55 Mar : 0.73 15.70 0.03 0.40 4.40 11.50 0.55 Australia Feb : 4.63 23.50 0.05 2.80 5.70 18.50 3.98 Mar : 4.63 24.00 0.05 2.80 5.70 18.50 4.48 Canada Feb : 9.21 21.30 0.15 4.10 8.20 16.00 6.46 Mar : 9.21 21.30 0.15 4.10 8.20 16.00 6.46 EU-15 Feb : 15.70 91.76 28.33 45.10 89.89 33.30 12.59 Mar : 15.67 91.62 28.83 45.50 90.27 32.80 13.04 Major importers 5/ : February : 66.54 164.92 32.18 16.10 208.92 7.54 47.17 March : 66.58 164.94 32.18 16.20 208.02 7.54 48.14 Brazil Feb : 0.70 3.00 6.50 0.20 9.50 0.00 0.70 Mar : 0.70 3.00 6.50 0.20 9.50 0.00 0.70 China Feb : 50.48 94.00 1.50 3.00 113.50 1.00 31.48 Mar : 50.48 94.00 1.50 3.00 113.50 1.00 31.48 East. Europe Feb : 4.44 35.86 1.68 11.34 31.21 4.72 6.05 Mar : 4.44 35.86 1.68 11.34 31.21 4.72 6.05 N. Africa Feb : 5.56 12.36 16.20 0.31 28.29 0.22 5.60 Mar : 5.60 12.36 16.20 0.31 28.29 0.22 5.64 Pakistan Feb : 3.73 19.00 0.50 0.40 20.40 1.00 1.83 Mar : 3.73 19.02 0.50 0.50 19.50 1.00 2.75 Selected other : India Feb : 21.50 68.50 0.10 0.50 60.10 3.00 27.00 Mar : 21.50 68.76 0.10 0.50 60.36 3.00 27.00 FSU-12 6/ Feb : 5.37 91.28 4.49 20.41 70.30 10.10 20.74 Mar : 5.37 91.28 4.49 20.41 70.30 10.90 19.94 Russia Feb : 1.40 46.90 1.00 13.00 37.50 2.50 9.30 Mar : 1.40 46.90 1.00 13.00 37.50 2.80 9.00 Kazakstan Feb : 1.45 12.70 0.02 1.30 4.97 3.00 6.20 Mar : 1.45 12.70 0.02 1.30 4.97 3.00 6.20 =============================================================================== 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-384-18 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: =============================================================================== : : 1999/00 : World 3/ : 214.79 876.43 114.45 584.39 881.78 122.07 209.44 United States : 51.37 263.17 2.76 157.16 212.13 56.32 48.86 Total foreign : 163.42 613.26 111.68 427.23 669.65 65.74 160.58 Major exporters 4/ : 8.31 68.03 1.02 34.74 46.09 21.51 9.77 Argentina : 1.61 21.46 0.03 6.99 8.91 12.93 1.26 Australia : 0.85 8.69 0.02 4.11 5.27 3.57 0.71 Canada : 4.88 26.83 0.73 19.12 23.26 3.51 5.67 Major importers 5/ : 37.15 201.27 68.60 178.41 241.16 30.88 34.98 EU-15 : 23.35 103.03 16.58 71.82 95.64 27.63 19.69 East. Europe : 3.98 54.65 1.71 41.84 52.44 3.14 4.75 Japan : 2.44 0.21 20.41 16.29 20.82 0.00 2.24 Mexico : 3.13 26.18 9.93 19.61 35.55 0.01 3.68 Southeast Asia : 1.60 14.81 4.50 14.34 19.19 0.10 1.61 South Korea : 0.48 0.49 9.28 7.13 9.39 0.00 0.85 Selected other : China : 102.61 137.22 2.34 93.23 129.51 9.95 102.69 FSU-12 6/ : 4.47 40.46 3.09 26.96 42.25 1.96 3.80 Russia : 1.79 21.80 2.49 14.87 24.93 0.09 1.06 Ukraine : 1.50 10.59 0.10 6.70 9.89 1.03 1.26 : : 2000/01 (Estimated) : World 3/ : 209.44 859.66 115.69 587.65 881.19 119.82 187.91 United States : 48.86 273.13 2.72 159.73 215.55 56.45 52.70 Total foreign : 160.58 586.54 112.97 427.92 665.64 63.37 135.21 Major exporters 4/ : 9.77 62.54 2.98 35.03 46.76 20.64 7.90 Argentina : 1.26 19.53 0.01 6.30 8.38 11.18 1.24 Australia : 0.71 10.85 0.00 4.42 5.63 4.51 1.42 Canada : 5.67 24.33 2.59 20.57 24.72 3.60 4.26 Major importers 5/ : 34.98 186.07 69.85 172.98 235.69 25.87 29.34 EU-15 : 19.69 108.32 17.01 78.63 103.06 24.15 17.81 East. Europe : 4.75 35.88 2.58 29.80 40.05 1.08 2.08 Japan : 2.24 0.22 20.22 16.01 20.43 0.00 2.25 Mexico : 3.68 24.30 11.02 20.23 35.96 0.02 3.02 Southeast Asia : 1.61 14.97 4.13 14.00 18.74 0.63 1.36 South Korea : 0.85 0.47 8.89 7.16 9.45 0.00 0.76 Selected other : China : 102.69 113.95 2.64 95.40 130.31 7.30 81.67 FSU-12 6/ : 3.80 49.52 0.90 28.28 45.49 2.27 6.45 Russia : 1.06 28.20 0.61 15.13 26.98 0.62 2.26 Ukraine : 1.26 12.99 0.06 7.25 10.38 1.25 2.68 =============================================================================== 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-384-19 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: =============================================================================== : : 2001/02 (Projected) World 3/ : February : 188.74 869.74 114.11 598.94 892.99 113.35 165.49 March : 187.91 875.16 113.85 602.23 895.46 113.14 167.61 United States : February : 52.70 261.86 2.62 158.30 216.39 57.47 43.32 March : 52.70 261.86 2.67 158.35 216.44 56.20 44.59 Total foreign : February : 136.04 607.88 111.48 440.64 676.60 55.88 122.17 March : 135.21 613.29 111.17 443.88 679.02 56.94 123.02 Major exporters 4/ : February : 8.14 58.74 2.73 34.34 46.09 17.13 6.40 March : 7.90 59.79 3.26 34.71 46.43 17.83 6.69 Argentina Feb : 1.24 15.51 0.03 5.93 7.82 7.77 1.19 Mar : 1.24 16.01 0.03 5.63 7.54 8.27 1.47 Australia Feb : 1.16 11.39 0.00 4.61 5.97 5.41 1.17 Mar : 1.42 11.44 0.00 4.57 5.88 5.61 1.37 Canada Feb : 4.26 22.94 2.51 19.99 24.24 2.45 3.01 Mar : 4.26 22.94 3.04 20.74 24.97 2.45 2.82 Major importers 5/ : February : 29.45 201.17 68.16 178.18 241.49 25.92 31.37 March : 29.34 202.46 67.88 178.37 242.10 26.00 31.59 EU-15 Feb : 17.86 106.32 19.05 79.23 103.50 22.28 17.45 Mar : 17.81 106.61 19.03 79.21 103.46 22.21 17.78 East. Europe Feb : 2.17 51.75 1.37 35.53 46.94 3.32 5.03 Mar : 2.08 51.75 1.37 35.43 46.84 3.47 4.89 Japan Feb : 2.25 0.22 19.68 15.78 20.10 0.00 2.05 Mar : 2.25 0.22 19.68 15.78 20.10 0.00 2.05 Mexico Feb : 3.02 25.30 11.04 20.97 36.34 0.02 3.01 Mar : 3.02 26.30 10.54 20.97 36.84 0.02 3.00 Southeast Asia Feb : 1.30 15.18 4.13 14.33 19.06 0.30 1.24 Mar : 1.36 15.19 4.13 14.33 19.06 0.30 1.31 South Korea Feb : 0.78 0.49 7.05 5.40 7.71 0.00 0.61 Mar : 0.76 0.47 7.30 5.65 7.96 0.00 0.57 Selected other : China Feb : 81.74 116.16 3.55 98.45 134.78 3.04 63.63 Mar : 81.67 118.41 2.80 99.35 134.88 3.04 64.96 FSU-12 6/ Feb : 6.78 61.58 1.18 33.50 50.93 5.98 12.63 Mar : 6.45 61.58 1.48 33.40 51.03 6.58 11.90 Russia Feb : 2.28 35.15 0.75 17.30 28.95 2.25 6.98 Mar : 2.26 35.15 1.05 17.60 29.25 2.25 6.96 Ukraine Feb : 2.99 16.97 0.04 9.59 13.03 3.21 3.76 Mar : 2.68 16.97 0.04 9.19 12.83 3.81 3.05 =============================================================================== 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-384-20 World Corn Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 1999/00 : World 3/ : 169.12 606.92 79.98 421.92 604.55 85.78 171.50 United States : 45.39 239.55 0.38 143.90 192.50 49.19 43.63 Total foreign : 123.73 367.37 79.61 278.02 412.05 36.59 127.87 Major exporters 4/ : 1.69 27.76 0.12 8.17 13.56 13.43 2.58 Argentina : 0.71 17.20 0.02 4.00 5.51 11.96 0.45 South Africa : 0.98 10.56 0.10 4.17 8.05 1.47 2.13 Major importers 5/ : 12.38 102.05 51.23 101.30 139.47 11.65 14.54 EU-15 : 3.66 37.17 10.87 30.26 38.68 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 8.26 23.66 0.01 2.34 Southeast Asia : 1.60 14.61 4.50 14.15 18.99 0.10 1.61 South Korea : 0.48 0.08 8.69 6.65 8.40 0.00 0.85 Selected other : China : 102.09 128.09 0.07 90.00 118.00 9.94 102.31 FSU-12 6/ : 1.36 5.08 1.35 5.11 6.39 0.11 1.28 Russia : 0.15 1.10 1.17 1.61 1.94 0.00 0.47 : : 2000/01 (Estimated) : World 3/ : 171.50 585.69 82.32 425.63 604.28 86.00 152.91 United States : 43.63 251.85 0.17 148.30 198.26 49.16 48.24 Total foreign : 127.87 333.83 82.15 277.33 406.02 36.85 104.67 Major exporters 4/ : 2.58 23.00 0.21 6.85 12.55 11.80 1.44 Argentina : 0.45 15.50 0.01 3.30 5.00 10.50 0.46 South Africa : 2.13 7.50 0.20 3.55 7.55 1.30 0.98 Major importers 5/ : 14.54 87.86 52.94 94.29 132.57 10.40 12.38 EU-15 : 4.11 38.29 11.34 31.30 40.21 8.90 4.63 Japan : 1.16 0.00 16.34 12.15 16.20 0.00 1.30 Mexico : 2.34 17.70 5.93 8.80 24.00 0.02 1.95 Southeast Asia : 1.61 14.77 4.13 13.83 18.55 0.61 1.36 South Korea : 0.85 0.06 8.74 7.10 8.90 0.00 0.76 Selected other : China : 102.31 106.00 0.09 93.00 120.00 7.28 81.13 FSU-12 6/ : 1.28 7.52 0.26 5.39 6.66 0.17 2.23 Russia : 0.47 1.55 0.18 1.65 2.00 0.00 0.20 =============================================================================== 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-384-21 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: =============================================================================== : : 2001/02 (Projected) World 3/ : February : 153.68 583.08 80.05 433.15 611.39 77.88 125.36 March : 152.91 587.29 79.65 435.61 611.98 77.21 128.22 United States : February : 48.24 241.49 0.25 148.60 200.54 50.17 39.27 March : 48.24 241.49 0.25 148.60 200.54 48.90 40.54 Total foreign : February : 105.44 341.59 79.80 284.55 410.85 27.72 86.10 March : 104.67 345.81 79.40 287.01 411.44 28.32 87.69 Major exporters 4/ : February : 1.94 20.00 0.07 6.50 12.00 8.50 1.50 March : 1.44 21.00 0.07 6.25 11.75 9.00 1.75 Argentina Feb : 0.46 11.50 0.02 3.00 4.50 7.00 0.47 Mar : 0.46 12.00 0.02 2.75 4.25 7.50 0.72 South Africa Feb : 1.48 8.50 0.05 3.50 7.50 1.50 1.03 Mar : 0.98 9.00 0.05 3.50 7.50 1.50 1.03 Major importers 5/ : February : 12.39 100.31 49.53 97.42 136.42 12.48 13.33 March : 12.38 101.73 49.33 97.68 137.18 12.58 13.67 EU-15 Feb : 4.63 38.96 11.83 32.62 41.66 9.42 4.34 Mar : 4.63 39.39 11.83 32.68 41.72 9.42 4.71 Japan Feb : 1.30 0.00 15.30 11.49 15.49 0.00 1.11 Mar : 1.30 0.00 15.30 11.49 15.49 0.00 1.11 Mexico Feb : 1.95 18.00 6.00 9.30 24.10 0.02 1.83 Mar : 1.95 19.00 5.50 9.30 24.60 0.02 1.83 Southeast Asia Feb : 1.30 14.98 4.13 14.14 18.86 0.30 1.24 Mar : 1.36 14.99 4.13 14.14 18.86 0.30 1.31 South Korea Feb : 0.78 0.08 6.70 5.15 6.95 0.00 0.61 Mar : 0.76 0.06 7.00 5.45 7.25 0.00 0.57 Selected other : China Feb : 81.08 108.00 1.00 97.00 124.00 3.00 63.08 Mar : 81.13 110.00 0.25 97.00 124.00 3.00 64.38 FSU-12 6/ Feb : 2.23 6.40 0.38 5.35 6.49 0.26 2.26 Mar : 2.23 6.40 0.68 5.55 6.69 0.36 2.26 Russia Feb : 0.20 0.80 0.30 0.90 1.20 0.00 0.10 Mar : 0.20 0.80 0.60 1.20 1.50 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-384-22 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 : =============================================================================== : : 1999/00 World 3/ : 133.03 408.67 21.24 398.12 23.99 143.59 United States : 0.69 6.50 0.32 3.85 2.80 0.87 Total foreign : 132.34 402.17 20.91 394.27 21.19 142.72 Major exporters 4/ : 13.77 132.28 0.13 111.12 13.42 21.64 Thailand : 1.06 16.50 0.00 9.30 6.55 1.71 Vietnam : 0.35 20.93 0.04 16.77 3.37 1.18 Major importers 5/ : 14.05 54.64 9.50 62.98 1.48 13.73 Indonesia : 6.83 33.45 1.50 35.40 0.00 6.37 Selected other : China : 96.00 138.94 0.28 133.76 2.95 98.50 Japan : 2.49 8.35 0.64 9.45 0.20 1.83 : : 2000/01 (Estimated) World 3/ : 143.59 397.39 22.40 404.23 25.63 136.75 United States : 0.87 5.94 0.35 3.58 2.69 0.89 Total foreign : 142.72 391.45 22.05 400.65 22.94 135.86 Major exporters 4/ : 21.64 126.94 0.04 112.51 15.11 21.00 Thailand : 1.71 16.90 0.00 9.40 7.52 1.69 Vietnam : 1.18 20.47 0.04 16.96 3.56 1.17 Major importers 5/ : 13.73 53.42 10.49 64.43 1.47 11.74 Indonesia : 6.37 32.80 1.50 35.88 0.00 4.80 Selected other : China : 98.50 131.54 0.27 134.32 1.86 94.12 Japan : 1.83 8.64 0.73 9.30 0.60 1.30 : : 2001/02 (Projected) World 3/ : February : 137.53 392.20 23.20 403.73 23.40 125.99 March : 136.75 395.32 23.87 405.53 23.96 126.55 United States : February : 0.89 6.57 0.40 3.82 2.71 1.32 March : 0.89 6.57 0.43 3.82 2.71 1.36 Total foreign : February : 136.64 385.62 22.80 399.92 20.68 124.66 March : 135.86 388.75 23.44 401.71 21.24 125.19 Major exporters 4/ : February : 22.28 129.84 0.04 114.30 14.40 23.46 March : 21.00 129.84 0.04 114.30 14.85 21.73 Thailand Feb : 1.69 16.50 0.00 9.50 7.00 1.69 Mar : 1.69 16.50 0.00 9.50 7.25 1.44 Vietnam Feb : 1.17 20.60 0.04 17.10 4.00 0.71 Mar : 1.17 20.60 0.04 17.10 4.00 0.71 Major importers 5/ : February : 10.52 53.73 10.56 65.54 1.45 7.82 March : 11.74 54.72 11.41 65.54 1.45 10.88 Indonesia Feb : 3.80 32.50 1.60 36.36 0.00 1.54 Mar : 4.80 33.11 2.50 36.36 0.00 4.05 Selected other : China Feb : 94.12 126.70 0.31 134.61 1.50 85.03 Mar : 94.12 126.00 0.31 134.61 1.50 84.33 Japan Feb : 1.30 8.25 0.70 9.30 0.15 0.80 Mar : 1.30 8.25 0.70 9.30 0.15 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 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-384-23 World Soybean Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : : :stocks :Beginning:Produc-: : Domestic : : : stocks : tion :Imports: Crush : Total :Exports: =============================================================================== : : 1999/00 World 2/ : 26.64 159.91 47.96 136.27 160.73 46.72 27.06 United States : 9.48 72.22 0.11 42.94 47.39 26.54 7.90 Total foreign : 17.15 87.69 47.85 93.33 113.34 20.18 19.17 Major exporters 3/ : 12.97 58.30 1.46 38.98 41.99 17.41 13.34 Argentina : 6.16 21.20 0.47 17.08 18.02 4.13 5.68 Brazil : 6.80 34.20 1.00 21.20 23.19 11.16 7.65 Major importers 4/ : 3.60 17.38 37.97 39.22 52.56 1.29 5.11 EU-15 : 0.84 1.15 15.66 14.43 15.66 1.05 0.94 Japan : 0.62 0.19 4.90 3.75 5.08 0.00 0.63 China : 1.90 14.29 10.10 15.07 22.89 0.23 3.17 : : 2000/01 (Estimated) World 2/ : 27.06 174.94 56.11 148.74 173.69 55.56 28.87 United States : 7.90 75.06 0.10 44.65 49.10 27.21 6.74 Total foreign : 19.17 99.89 56.01 104.09 124.59 28.36 22.12 Major exporters 3/ : 13.34 70.00 1.32 40.90 44.21 25.57 14.88 Argentina : 5.68 27.50 0.42 17.50 18.48 7.45 7.66 Brazil : 7.65 39.00 0.90 22.60 24.85 15.50 7.20 Major importers 4/ : 5.11 18.26 45.68 47.25 60.88 1.56 6.61 EU-15 : 0.94 1.04 19.12 17.58 18.96 1.34 0.79 Japan : 0.63 0.24 4.84 3.75 5.08 0.00 0.63 China : 3.17 15.40 13.24 18.90 26.70 0.21 4.91 : : 2001/02 (Projected) World 2/ : February : 28.82 182.91 59.01 157.03 183.00 58.91 28.84 March : 28.87 184.06 59.68 158.47 184.68 59.14 28.80 United States : February : 6.74 78.67 0.14 45.72 50.44 27.76 7.35 March : 6.74 78.67 0.14 45.86 50.56 27.76 7.22 Total foreign : February : 22.07 104.24 58.87 111.31 132.56 31.15 21.48 March : 22.12 105.40 59.55 112.61 134.12 31.38 21.57 Major exporters 3/ : February : 14.78 74.55 1.30 43.30 46.91 28.47 15.25 March : 14.88 75.55 1.30 43.60 47.21 28.67 15.85 Argentina Feb : 7.66 28.75 0.40 19.50 20.53 8.35 7.94 Mar : 7.66 28.75 0.40 19.50 20.53 8.35 7.94 Brazil Feb : 7.10 42.50 0.90 23.00 25.50 17.70 7.30 Mar : 7.20 43.50 0.90 23.30 25.80 17.90 7.90 Major importers 4/ : February : 6.61 18.62 47.26 51.13 65.23 1.59 5.67 March : 6.61 18.61 47.60 51.97 66.09 1.59 5.15 EU-15 Feb : 0.79 1.25 19.91 18.31 19.77 1.36 0.81 Mar : 0.79 1.24 20.72 19.12 20.58 1.36 0.81 Japan Feb : 0.63 0.27 4.95 3.88 5.25 0.00 0.59 Mar : 0.63 0.27 4.95 3.88 5.25 0.00 0.59 China Feb : 4.91 15.45 13.50 21.70 29.70 0.20 3.96 Mar : 4.91 15.45 13.00 21.70 29.72 0.20 3.44 =============================================================================== 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-384-24 World Soybean Meal Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 1999/00 World 2/ : 4.96 107.83 39.82 109.05 39.69 3.86 United States : 0.30 34.10 0.04 27.53 6.65 0.27 Total foreign : 4.66 73.73 39.78 81.52 33.04 3.60 Major exporters 3/ : 2.04 33.63 0.10 8.57 26.03 1.17 Argentina : 0.78 13.45 0.00 0.21 13.74 0.27 Brazil : 1.19 16.74 0.10 7.20 9.93 0.90 India : 0.07 3.44 0.00 1.16 2.35 0.00 Major importers 4/ : 1.07 25.07 26.30 45.90 5.57 0.98 EU-15 : 0.89 11.47 19.81 25.87 5.54 0.76 China : 0.00 11.98 0.63 12.58 0.03 0.00 : : 2000/01 (Estimated) World 2/ : 3.86 118.41 41.43 118.48 41.43 3.80 United States : 0.27 35.73 0.05 28.75 6.95 0.35 Total foreign : 3.60 82.68 41.39 89.73 34.48 3.45 Major exporters 3/ : 1.17 35.40 0.18 9.16 26.50 1.09 Argentina : 0.27 14.00 0.00 0.22 13.95 0.10 Brazil : 0.90 17.87 0.18 7.46 10.50 0.99 India : 0.00 3.53 0.00 1.48 2.05 0.00 Major importers 4/ : 0.98 31.52 27.41 52.50 6.42 0.98 EU-15 : 0.76 14.00 20.44 28.22 6.31 0.67 China : 0.00 15.30 0.10 15.29 0.11 0.00 : : 2001/02 (Projected) World 2/ : February : 3.88 124.70 43.70 124.76 43.57 3.96 March : 3.80 125.66 44.09 125.64 43.93 3.97 United States : February : 0.35 36.37 0.05 29.35 7.17 0.25 March : 0.35 36.48 0.05 29.46 7.17 0.25 Total foreign : February : 3.54 88.32 43.66 95.41 36.40 3.71 March : 3.45 89.18 44.04 96.18 36.76 3.72 Major exporters 3/ : February : 1.09 37.60 0.24 9.42 28.30 1.21 March : 1.09 37.84 0.24 9.57 28.38 1.22 Argentina Feb : 0.10 15.60 0.00 0.23 15.25 0.22 Mar : 0.10 15.60 0.00 0.23 15.25 0.22 Brazil Feb : 0.99 18.25 0.24 7.64 10.85 0.99 Mar : 0.99 18.49 0.24 7.85 10.88 1.00 India Feb : 0.00 3.75 0.00 1.55 2.20 0.00 Mar : 0.00 3.75 0.00 1.49 2.26 0.00 Major importers 4/ : February : 1.02 34.08 28.60 56.06 6.57 1.07 March : 0.98 34.72 28.77 56.63 6.76 1.09 EU-15 Feb : 0.71 14.59 21.11 29.34 6.32 0.75 Mar : 0.67 15.24 21.43 30.21 6.36 0.77 China Feb : 0.00 17.16 0.20 17.11 0.25 0.00 Mar : 0.00 17.16 0.05 16.82 0.40 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-384-25 World Soybean Oil Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 1999/00 World 2/ : 2.18 24.76 7.13 24.35 7.28 2.43 United States : 0.69 8.09 0.04 7.28 0.62 0.91 Total foreign : 1.49 16.68 7.09 17.07 6.66 1.53 Major exporters 3/ : 0.75 9.75 0.80 4.61 5.92 0.77 Argentina : 0.25 3.12 0.00 0.11 3.04 0.23 Brazil : 0.32 4.03 0.22 3.00 1.20 0.36 EU-15 : 0.18 2.60 0.58 1.50 1.69 0.18 Major importers 4/ : 0.21 3.28 1.57 4.69 0.08 0.29 China : 0.19 2.48 0.56 2.87 0.08 0.28 Pakistan : 0.02 0.01 0.23 0.24 0.00 0.01 : : 2000/01 (Estimated) World 2/ : 2.43 27.03 7.62 26.56 7.90 2.63 United States : 0.91 8.36 0.03 7.36 0.64 1.30 Total foreign : 1.53 18.67 7.59 19.21 7.26 1.32 Major exporters 3/ : 0.77 10.72 0.85 5.24 6.55 0.56 Argentina : 0.23 3.22 0.00 0.11 3.24 0.10 Brazil : 0.36 4.34 0.21 3.12 1.53 0.26 EU-15 : 0.18 3.16 0.64 2.01 1.78 0.20 Major importers 4/ : 0.29 3.99 1.70 5.65 0.06 0.29 China : 0.28 3.15 0.08 3.18 0.06 0.28 Pakistan : 0.01 0.03 0.23 0.26 0.00 0.01 : : 2001/02 (Projected) World 2/ : February : 2.54 28.46 8.55 28.51 8.65 2.38 March : 2.63 28.71 8.65 28.87 8.72 2.40 United States : February : 1.30 8.50 0.04 7.60 1.09 1.15 March : 1.30 8.51 0.04 7.65 1.04 1.15 Total foreign : February : 1.23 19.96 8.52 20.91 7.56 1.23 March : 1.32 20.20 8.62 21.21 7.68 1.25 Major exporters 3/ : February : 0.54 11.31 0.84 5.36 6.82 0.50 March : 0.56 11.54 0.84 5.49 6.94 0.51 Argentina Feb : 0.10 3.59 0.00 0.12 3.48 0.09 Mar : 0.10 3.59 0.00 0.12 3.48 0.09 Brazil Feb : 0.26 4.44 0.20 3.16 1.52 0.23 Mar : 0.26 4.50 0.20 3.18 1.55 0.23 EU-15 Feb : 0.18 3.28 0.64 2.08 1.83 0.18 Mar : 0.20 3.44 0.64 2.19 1.91 0.18 Major importers 4/ : February : 0.24 4.51 1.95 6.34 0.09 0.27 March : 0.29 4.51 1.95 6.39 0.09 0.27 China Feb : 0.23 3.62 0.40 3.90 0.09 0.27 Mar : 0.28 3.62 0.35 3.90 0.09 0.27 Pakistan Feb : 0.01 0.03 0.25 0.28 0.00 0.00 Mar : 0.01 0.03 0.25 0.28 0.00 0.00 =============================================================================== 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and EU. 4/ India, China and Pakistan. WASDE-384-26 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/ : : =============================================================================== : : 1999/00 : World : 45.13 87.35 28.49 91.85 27.30 0.19 41.63 United States : 3.94 16.97 0.10 10.24 6.75 0.09 3.92 Total foreign : 41.19 70.38 28.39 81.61 20.55 0.10 37.70 Major exporters 5/ : 12.96 39.74 2.49 25.26 15.71 -0.09 14.31 Pakistan : 1.71 8.60 0.48 7.65 0.42 0.03 2.70 India : 4.75 12.18 1.60 13.55 0.07 0.00 4.91 Central Asia 6/ : 1.50 7.30 0.01 1.29 5.78 0.00 1.74 Afr. Fr. Zone 7/ : 1.09 3.88 4/ 0.22 3.74 0.00 1.01 S. Hemis. 8/ : 2.93 5.28 0.28 1.20 4.34 -0.14 3.09 Australia : 2.08 3.46 4/ 0.19 3.21 -0.16 2.31 Argentina : 0.49 0.57 0.04 0.40 0.32 0.01 0.38 Major importers : 26.55 27.71 19.60 48.47 3.68 0.19 21.51 Brazil : 1.00 3.10 1.56 4.10 0.01 0.00 1.54 Mexico : 0.56 0.67 1.81 2.40 0.13 0.03 0.49 China : 21.13 17.60 0.12 22.20 1.69 0.00 14.96 Europe : 1.66 2.66 5.17 6.04 1.56 0.07 1.82 Turkey : 0.59 3.63 2.40 5.60 0.20 0.00 0.83 Selected Asia 9/ : 1.60 0.04 8.54 8.14 0.09 0.10 1.87 Indonesia : 0.22 0.01 2.08 2.00 0.02 0.05 0.24 South Korea : 0.41 4/ 1.52 1.48 0.02 0.00 0.43 : : 2000/01 (Estimated) : World : 41.63 88.53 26.53 92.06 26.28 -0.42 38.76 United States : 3.92 17.19 0.02 8.88 6.76 -0.52 6.00 Total foreign : 37.70 71.34 26.52 83.18 19.51 0.11 32.76 Major exporters 5/ : 14.31 37.19 2.32 25.86 15.57 -0.09 12.48 Pakistan : 2.70 8.20 0.45 8.10 0.58 0.03 2.65 India : 4.91 10.90 1.55 13.55 0.05 0.00 3.76 Central Asia 6/ : 1.74 6.44 0.01 1.59 5.08 0.00 1.51 Afr. Fr. Zone 7/ : 1.01 3.22 4/ 0.22 3.16 0.00 0.85 S. Hemis. 8/ : 3.09 5.84 0.19 1.10 5.29 -0.14 2.87 Australia : 2.31 3.70 4/ 0.18 3.90 -0.16 2.10 Argentina : 0.38 0.74 0.01 0.35 0.44 0.01 0.32 Major importers : 21.51 30.92 17.82 49.16 2.74 0.19 18.16 Brazil : 1.54 4.10 0.60 4.35 0.32 0.00 1.58 Mexico : 0.49 0.36 1.86 2.10 0.08 0.03 0.51 China : 14.96 20.30 0.23 23.50 0.45 0.00 11.54 Europe : 1.82 2.49 5.02 5.82 1.72 0.07 1.72 Turkey : 0.83 3.60 1.75 5.10 0.12 0.00 0.96 Selected Asia 9/ : 1.87 0.07 8.35 8.29 0.06 0.10 1.84 Indonesia : 0.24 0.03 2.65 2.40 0.02 0.05 0.46 South Korea : 0.43 4/ 1.42 1.45 0.01 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 2.16 million bales in 1999/00 and 2.21 million in 2000/2001. 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-384-27 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/ : : =============================================================================== : : 2001/02 (Projected) World : February : 38.67 96.87 29.09 91.70 28.89 0.10 43.93 March : 38.76 97.16 29.22 91.98 29.09 0.10 43.97 United States : February : 6.00 20.08 0.01 7.30 10.00 0.00 8.80 March : 6.00 20.08 0.02 7.30 10.30 0.00 8.50 Total foreign : February : 32.67 76.79 29.08 84.40 18.89 0.11 35.13 March : 32.76 77.08 29.20 84.68 18.79 0.10 35.47 Major exporters 5/ : February : 12.48 39.08 3.20 25.79 14.70 -0.09 14.37 March : 12.48 39.17 3.16 25.74 14.60 -0.09 14.56 Pakistan Feb : 2.65 7.80 0.85 8.20 0.20 0.03 2.87 Mar : 2.65 8.00 0.80 8.25 0.20 0.03 2.97 India Feb : 3.76 11.80 1.95 13.20 0.05 0.00 4.26 Mar : 3.76 11.80 1.95 13.20 0.05 0.00 4.26 Central Asia 6/Feb : 1.51 7.24 0.01 1.85 4.96 0.00 1.94 Mar : 1.51 7.24 0.01 1.75 4.96 0.00 2.04 Afr. Fr. Zn. 7/Feb : 0.85 4.48 4/ 0.22 3.78 0.00 1.32 Mar : 0.85 4.48 4/ 0.22 3.78 0.00 1.32 S. Hemis 8/ Feb : 2.87 4.74 0.27 1.00 4.22 -0.14 2.81 Mar : 2.87 4.64 0.27 1.00 4.12 -0.14 2.80 Australia Feb : 2.10 3.00 4/ 0.15 3.00 -0.16 2.11 Mar : 2.10 3.00 4/ 0.15 3.00 -0.16 2.11 Argentina Feb : 0.32 0.28 0.02 0.28 0.23 0.01 0.12 Mar : 0.32 0.28 0.02 0.28 0.23 0.01 0.12 Major importers Feb : 18.17 34.53 19.18 50.16 2.85 0.19 18.68 Mar : 18.16 34.73 19.36 50.49 2.83 0.19 18.74 Brazil Feb : 1.58 3.30 1.35 4.20 0.58 0.00 1.46 Mar : 1.58 3.30 1.10 4.20 0.58 0.00 1.21 Mexico Feb : 0.51 0.44 1.65 1.90 0.10 0.03 0.57 Mar : 0.51 0.44 1.80 1.95 0.10 0.03 0.67 China Feb : 11.54 24.40 0.40 24.25 0.40 0.00 11.69 Mar : 11.54 24.40 0.40 24.25 0.40 0.00 11.69 Europe Feb : 1.73 2.41 4.86 5.66 1.56 0.07 1.71 Mar : 1.72 2.61 5.01 5.84 1.54 0.07 1.90 Turkey Feb : 0.96 3.90 2.25 5.75 0.15 0.00 1.21 Mar : 0.96 3.90 2.25 5.75 0.15 0.00 1.21 Sel. Asia 9/ Feb : 1.84 0.08 8.68 8.40 0.07 0.10 2.04 Mar : 1.84 0.08 8.80 8.50 0.07 0.10 2.06 Indonesia Feb : 0.46 0.04 2.50 2.40 0.02 0.05 0.53 Mar : 0.46 0.04 2.50 2.40 0.02 0.05 0.53 S. Korea Feb : 0.39 4/ 1.48 1.45 0.02 0.00 0.39 Mar : 0.39 4/ 1.60 1.55 0.02 0.00 0.42 =============================================================================== 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 2.31 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-384-28 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 2000 : Annual : 26777 18928 46150 30495 5402 36427 82577 7034 167.6 : 2001 : I : 6182 4805 11096 7549 1335 9011 20107 1750 41.3 II : 6502 4546 11148 7926 1378 9437 20585 1778 42.7 III : 6703 4548 11351 7831 1388 9348 20699 1788 40.6 IV : 6700 5239 12048 7861 1454 9442 21490 1828 40.8 Annual : Feb Est : 26102 19135 45655 31143 5552 37209 82864 7144 165.4 Mar Est : 26087 19138 45643 31167 5555 37238 82881 7144 165.3 : 2002 : I*: 6450 4775 11329 7850 1350 9325 20654 1770 42.2 II*: 6500 4540 11133 8175 1425 9730 20863 1790 43.8 III*: 6500 4700 11292 8025 1400 9550 20842 1815 41.7 IV*: 6175 5175 11447 8000 1425 9545 20992 1865 41.8 Annual : Feb Proj : 25550 19165 45104 31925 5600 38025 83129 7270 169.3 Mar Proj : 25625 19190 45201 32050 5600 38150 83351 7240 169.4 =============================================================================== * 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 2000 : Annual : 69.65 44.70 56.2 70.5 68.9 12.33 : 2001 : I : 79.11 42.83 57.8 61.7 75.8 13.37 II : 75.13 52.05 59.2 65.0 63.3 15.30 III : 70.33 51.05 61.1 67.1 61.4 16.53 IV : 65.13 37.30 58.5 71.4 68.2 14.50 Annual : Feb Est : 72.43 45.81 59.1 66.3 67.2 14.93 Mar Est : 72.43 45.81 59.1 66.3 67.2 14.93 : 2002 : I*: 69-70 40-41 56-57 60-61 67-68 13.10-13.30 II*: 72-76 47-49 58-60 63-67 57-59 12.20-12.70 III*: 74-80 44-48 59-63 64-70 58-62 12.45-13.25 IV*: 75-81 38-42 57-61 70-76 70-76 13.55-14.55 Annual : Feb Proj : 72-77 43-46 57-61 64-69 63-67 12.85-13.55 Mar Proj : 72-77 42-45 57-61 64-68 63-66 12.85-13.45 =============================================================================== *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-384-29 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/ 3/ ============================================================================ : Million pounds 4/ BEEF : 2000 : 411 26888 3031 30330 2468 525 27337 67.7 2001 Est. Feb : 525 26208 3202 29935 2236 605 27094 68.2 Mar : 525 26192 3162 29879 2271 605 27003 66.1 2002 Proj. Feb : 605 25656 3245 29506 2190 425 26891 67.2 Mar : 605 25730 3245 29580 2190 425 26965 65.3 : PORK : 2000 : 489 18952 967 20408 1287 477 18644 51.2 2001 Est. Feb : 477 19165 962 20604 1580 525 18499 51.6 Mar : 477 19160 950 20587 1563 525 18499 50.2 2002 Proj. Feb : 525 19195 960 20680 1485 525 18670 51.7 Mar : 525 19212 960 20697 1485 525 18687 50.2 : TOTAL RED MEAT 5/ : 2000 : 914 46299 4128 51341 3761 1020 46560 120.7 2001 Est. Feb : 1020 45804 4309 51133 3822 1148 46163 121.7 Mar : 1020 45784 4256 51060 3841 1148 46071 118.0 2002 Proj. Feb : 1148 45253 4360 50761 3679 968 46114 120.6 Mar : 1148 45341 4360 50849 3680 968 46201 117.2 : BROILERS : 2000 : 796 30209 6 31011 5392 798 24821 75.5 2001 Est. Feb : 798 30816 11 31625 6177 710 24737 76.4 Mar : 798 30840 14 31652 6186 712 24754 74.4 2002 Proj. Feb : 710 31583 8 32301 6350 700 25251 77.4 Mar : 712 31707 8 32427 6350 700 25377 75.4 : TURKEYS : 2000 : 254 5333 1 5589 445 241 4902 17.4 2001 Est. Feb : 241 5480 1 5722 494 252 4975 17.9 Mar : 241 5483 1 5726 487 241 4996 17.5 2002 Proj. Feb : 252 5527 1 5780 495 275 5009 17.9 Mar : 241 5527 1 5769 495 275 4998 17.3 : TOTAL POULTRY 6/ : 2000 : 1058 36073 9 37140 6058 1048 30034 93.9 2001 Est. Feb : 1048 36810 15 37873 6852 969 30051 95.6 Mar : 1048 36838 19 37904 6856 961 30086 93.0 2002 Proj. Feb : 969 37610 11 38589 7025 983 30580 96.4 Mar : 961 37733 11 38705 7025 983 30696 93.9 : RED MEAT & POULTRY: 2000 : 1972 82372 4137 88480 9818 2068 76594 214.7 2001 Est. Feb : 2068 82614 4324 89006 10674 2117 76214 217.2 Mar : 2068 82622 4275 88964 10697 2109 76157 211.1 2002 Proj. Feb : 2117 82863 4371 89350 10704 1951 76694 217.0 Mar : 2109 83074 4371 89554 10705 1951 76897 211.0 ============================================================================ 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/ Population source: Dept. of Commerce, Bureau of Economic Analysis. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken. WASDE-384-30 U.S. Egg Supply and Use =============================================================================== : : : 2001 Estimated : 2002 Projected : : :-----------------:----------------- Commodity : 1999 : 2000 : Feb : Mar : Feb : Mar =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 8.4 7.6 11.4 11.4 5.7 10.4 Production : 6912.0 7033.5 7144.0 7144.0 7270.0 7240.0 Imports : 7.4 8.4 9.1 8.9 8.0 8.0 Total supply : 6927.8 7049.5 7164.4 7164.2 7283.7 7258.4 : Use : Exports : 161.9 171.1 191.0 190.4 165.0 165.0 Hatching use : 941.7 940.2 952.2 952.2 985.0 985.0 Ending stocks : 7.6 11.4 5.7 10.4 12.0 12.0 Consumption : Total : 5816.6 5926.8 6015.6 6011.3 6121.7 6096.4 Per capita (number) : 250.0 251.8 259.7 252.3 262.1 253.2 =============================================================================== U.S. Milk Supply, Use and Prices =============================================================================== : : : 2000/01 Est 1/: 2001/02 Proj 1/ Commodity :1998/99:1999/00:-----------------:----------------- : 1/ : 1/ : Feb : Mar : Feb : Mar =============================================================================== MILK : Billion pounds Supply : Beg. commercial stocks 2/ : 5.8 7.4 8.9 8.9 8.6 8.8 Production : 161.2 167.4 165.3 165.2 168.3 168.4 Farm use : 1.3 1.3 1.3 1.3 1.2 1.2 Marketings : 159.8 166.0 164.0 163.9 167.1 167.2 Imports 2/ : 4.8 4.6 5.5 5.5 5.1 5.1 Total cml. supply 2/ : 170.5 178.1 178.4 178.3 180.8 181.0 Use : Commercial use 2/ 3/ : 162.8 168.4 169.4 169.2 172.5 172.6 Ending commercial stks. 2/: 7.4 8.9 8.6 8.8 8.2 8.3 CCC net removals: : Milkfat basis 4/ : 0.3 0.8 0.3 0.3 0.1 0.1 Skim-solids basis 4/ : 5.4 8.5 6.3 6.3 4.6 5.7 : : Dollars per cwt Milk Prices : Basic Formula/Class III 5/: 14.04 9.99 12.29 12.29 11.40- 11.40- : 11.90 11.80 : Class IV : NA 11.51 13.88 13.88 11.60- 11.60- : 12.30 12.20 : All milk 6/ : 15.38 12.61 14.48 14.48 13.05- 13.05- : 13.55 13.45 : : Million pounds CCC product net removals 4/: Butter : 1 11 0 0 0 0 Cheese : 6 17 17 17 4 4 Nonfat dry milk : 449 690 525 525 395 485 Dry whole milk : 12 34 3 3 0 0 =============================================================================== 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-384-31 Note: Tables on pages 31-33 present a 20-year record of the differences between the March projection and the final estimate. Using world wheat production as an example, changes between the March projection and the final estimate have averaged 2.7 million tons (0.5%) ranging from -8.0 to 6.9 million tons. The March projection has been below the estimate 14 times and above 6 times. Reliability of March Projections ------------------------------------------------------------------------------- :Differences between proj. & final estimate,1981/82-2000/01 1/ Commodity and :------------------------------------------------------------- region : Avg. : Avg. : Difference : Below final : Above final ------------------------------------------------------------------------------- WHEAT :Percent Million metric tons Number of years 2/ Production : World : 0.5 2.7 -8.0 6.9 14 6 U.S. : 0.1 0.0 -0.2 0.1 9 5 Foreign : 0.6 2.7 -8.0 6.9 13 6 Exports : World : 2.4 2.8 -9.0 3.5 15 5 U.S. : 2.7 0.9 -1.4 2.4 9 11 Foreign : 2.9 2.3 -7.7 2.5 12 7 Domestic use : World : 0.9 4.5 -9.4 8.1 9 11 U.S. : 3.3 1.0 -2.4 2.4 9 11 Foreign : 0.8 3.8 -7.9 7.6 10 9 Ending stocks : World : 3.4 4.2 -11.4 5.4 13 7 U.S. : 6.3 1.2 -4.4 2.5 10 10 Foreign : 3.1 3.0 -10.2 4.9 11 7 : COARSE GRAINS 3/ : Production : World : 0.8 6.7 -17.3 10.9 15 5 U.S. : 0.1 0.1 -0.2 1.3 10 5 Foreign : 1.0 6.1 -17.3 10.9 14 5 Exports : World : 3.0 3.2 -7.5 9.9 11 9 U.S. : 6.2 3.1 -5.5 9.1 10 10 Foreign : 4.7 2.5 -7.5 6.7 9 10 Domestic use : World : 0.8 6.8 -12.8 24.2 11 9 U.S. : 2.7 4.9 -17.3 11.5 8 12 Foreign : 0.8 5.2 -11.5 17.5 11 8 Ending stocks : World : 7.0 9.5 -20.0 13.9 17 3 U.S. : 8.2 4.9 -13.8 15.3 11 9 Foreign : 7.9 5.6 -18.4 10.5 16 3 : RICE, milled : Production : World : 1.2 4.1 -13.7 3.4 16 4 U.S. : 0.9 0.0 -0.2 0.2 5 3 Foreign : 1.1 3.4 -9.9 3.3 15 4 Exports : World : 7.0 1.2 -4.5 1.2 18 2 U.S. : 4.8 0.1 -0.4 0.3 10 7 Foreign : 7.4 1.0 -4.4 1.1 17 2 Domestic use : World : 0.9 2.9 -9.8 2.9 15 5 U.S. : 5.4 0.1 -0.3 0.4 9 10 Foreign : 0.8 2.7 -10.0 3.1 14 5 Ending stocks : World : 6.8 2.8 -11.6 4.0 14 6 U.S. : 17.2 0.2 -0.3 0.4 11 9 Foreign : 6.1 2.2 -6.2 3.9 13 6 ------------------------------------------------------------------------------- 1/ Footnotes at end of table. CONTINUED WASDE-384-32 Reliability of March Projections (Continued) ------------------------------------------------------------------------------- :Differences between proj. & final estimate,1981/82-2000/01 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 -4.2 2.6 12 8 U.S. : 1.0 0.6 -1.6 1.8 8 9 Foreign : 2.5 1.5 -4.6 2.6 12 7 Exports : World : 3.5 1.3 -6.1 1.4 13 6 U.S. : 5.2 1.1 -2.2 3.0 13 7 Foreign : 13.2 1.4 -5.5 2.4 9 10 Domestic use : World : 1.8 2.2 -5.3 2.4 13 7 U.S. : 2.4 0.9 -3.0 1.0 13 6 Foreign : 1.8 1.4 -3.9 2.2 12 7 Ending stocks : World : 11.3 2.1 -3.7 5.7 11 9 U.S. : 21.7 1.7 -2.7 5.4 5 15 Foreign : 12.0 1.4 -4.5 3.5 12 7 : COTTON : Million 480-pound bales Production : World : 1.2 1.0 -2.9 3.0 11 8 U.S. : 0.6 0.1 0.1 0.3 5 14 Foreign : 1.4 1.0 -3.2 2.9 11 7 Exports : World : 3.2 0.8 -2.7 1.4 9 10 U.S. : 4.6 0.3 -0.7 0.9 6 13 Foreign : 4.2 0.8 -3.6 1.3 11 8 Mill use : World : 1.6 1.3 -6.0 1.3 9 11 U.S. : 3.0 0.3 -0.7 0.6 13 5 Foreign : 1.7 1.2 -5.5 1.4 10 9 Ending stocks : World : 6.8 2.2 -3.9 8.4 11 9 U.S. : 10.1 0.4 -1.2 1.6 8 12 Foreign : 7.3 2.1 -4.2 7.9 11 8 ------------------------------------------------------------------------------- 1/ Final estimate for 1981/82-2000/01 is defined as the first November estimate following the marketing year. 2/ May not total 20 if projection was the same as final estimate. 3/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. WASDE-384-33 Reliability of United States March Projections 1/ ------------------------------------------------------------------------------- :Differences between proj. & final estimate,1981/82-2000/01 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 : 6.4 109 -254 284 9 11 Domestic use : 2.8 167 -474 345 9 11 Ending stocks : 9.9 192 -535 713 12 8 : SORGHUM : Production : 0.1 0 0 4 0 2 Exports : 13.2 32 -90 72 13 6 Domestic use : 9.4 43 -178 100 9 11 Ending stocks : 30.3 36 -69 148 10 10 : BARLEY : Production : 0.4 2 -3 11 9 3 Exports : 9.2 7 -20 13 6 12 Domestic use : 5.0 20 -30 70 11 8 Ending stocks : 10.6 18 -53 24 11 9 : OATS : Production : 0.1 0 -2 1 4 2 Exports : 21.3 1 -1 3 3 4 Domestic use : 3.1 12 -26 36 10 10 Ending stocks : 10.7 14 -47 21 10 10 : : Thousand short tons SOYBEAN MEAL : Production : 2.4 750 -2328 717 15 5 Exports : 7.4 499 -1750 941 16 4 Domestic use : 2.0 458 -1100 691 16 4 Ending stocks : 32.6 81 -214 208 9 10 : : Million pounds SOYBEAN OIL : Production : 2.3 341 -1173 365 15 5 Exports : 15.6 242 -700 664 9 11 Domestic use : 1.6 199 -685 200 14 6 Ending stocks : 16.7 258 -692 350 12 8 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 2.5 595 -666 1613 13 5 Pork : 2.8 449 -1265 1667 12 6 Broilers : 1.6 319 -605 496 10 8 Turkeys : 2.2 93 -177 161 10 8 : : Million dozen Eggs : 1.3 80 -120 169 12 6 : : Billion pounds Milk : 1.0 1.4 -3.2 3.1 10 8 ------------------------------------------------------------------------------- 1/ See pages 31 and 32 for record of reliability for U.S. wheat, rice, soybeans, and cotton. 2/ Final estimate for 1981/82-2000/01 is defined as the first November estimate following the marketing year. 3/ May not total 20 for crops and 18 for animal production if projection was the same as the final estimate. 4/ Calendar years 1983 thru 2000 for meats and eggs; October-September years 1982/83 thru 1999/2000 for milk. Final for animal products is defined as latest annual production estimate published by NASS. WASDE-384-34 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 -----