ISSN:1554-9089 WASDE-436 July 12, 2006 Note: This report adopts U.S. area, yield, and production forecasts for winter wheat, durum, other spring wheat, barley, and oats released today by the National Agricultural Statistics Service (NASS). For other crops, area estimates reflect the June 30 NASS Acreage report, and methods used to project yield are noted on each table. Survey-based production forecasts reported by NASS will be adopted in the August 11 issue of this report. WHEAT: Projected U.S. 2006/07 wheat supplies are up 17 million bushels from last month, as higher beginning stocks and imports more than offset lower production. Beginning stocks are increased 22 million bushels based on USDA's June 30 Stocks report. The first survey-based forecast of spring wheat (including durum) production, at 526 million bushels, is down 24 million from last month's projection. Forecast winter wheat production is raised 16 million bushels. Imports are raised 5 million bushels. Projected feed and residual use is lowered 5 million bushels. The first wheat supply and demand projections by class for 2006/07 indicate tighter supplies for hard red winter, hard red spring, and durum compared with the year earlier. The projected all-wheat, season-average price range is raised 10 cents on each end to $3.70 to $4.30 per bushel. The 2006/07 global wheat outlook includes higher production, consumption, trade, and ending stocks, compared with last month. Higher production in China and Ukraine is mainly due to favorable weather boosting yields. Lower production in Australia is based on dryness lowering planted area. Consumption is raised mainly due to increases in China, Turkey, and Ukraine, while stocks are up mostly in China. Exports are increased for China, Ukraine, and Canada but and decreased for Australia and Turkey. Imports are increased for Brazil and Turkey but decreased for China. In this month's forecast, China's exports exceed China's imports. COARSE GRAINS: The 2006/07 U.S. outlook for corn includes higher production, lower beginning stocks, and higher use, compared with last month. Production is increased because of higher area while feed and residual use rises in line with an increase for 2005/06. Ending stocks are nearly unchanged, and the projected price range remains at $2.25 to $2.65 per bushel. The first survey-based production forecasts for barley and oats are down from last month's projection. For both, imports are raised while use and stocks are lowered. For 2005/06, U.S. corn exports are increased 25 million bushels, based on the recent pace of shipments and sales. Feed and residual use is raised 100 million bushels, as implied by the June 30 Stocks report. Ending stocks are lowered 114 million bushels. The season-average price range is reduced 5 cents on the high end to $1.95 to $2.00 per bushel, to better reflect recent farm prices. The 2006/07 global coarse grains outlook includes minor changes from last month. The highlights include nearly offsetting barley production changes, with decreases in Australia and Canada balanced against increases in Ukraine and Russia. Global coarse grain ending stocks are down 1.6 percent. RICE: Note: This WASDE report contains changes to global supply and use based on revisions made to the China supply and use, 1997/98-2006/07. See third paragraph of the rice section for more details. U.S. rice production in 2006/07 is projected at 200 million cwt, 2 percent below last month and 10 percent below 2005/06. Estimated harvested area of 2.895 million acres reported in the June 30 Acreage report is 2 percent below last month, and 14 percent below 2005/06. The yield for 2006/07 is projected at 6,908 pounds per acre, 39 pounds per acre below last month, and 272 pounds per acre below 2005/06. Long-grain rice production is projected at 154 million cwt, 2 percent below last month, and 13 percent below 2005/06. Combined medium- and short-grain rice production is projected at 46 million cwt, 4 percent below last month, but nearly 1 percent above 2005/06. Projected domestic and residual use of rice for 2006/07 is lowered slightly from a month ago. Exports for 2006/07 are projected at 100 million cwt down 3 million cwt from last month. Milled and brown rice exports are projected at 64 million cwt (rough basis), 3 million cwt below last month, while rough rice exports are projected at 36 million cwt, unchanged from last month. Ending stocks are projected at 22.8 million cwt, 7 percent below last month, and 34 percent below 2005/06. The season-average farm price range for 2006/07 is raised 15 cents per cwt on each end to $9.15 to $9.65 per cwt compared to a revised $7.60 to $7.65 per cwt for 2005/06. This month, USDA made revisions to global rice supply and use because of changes to China's stocks and domestic use estimates for 1997/98 to 2006/07. The revisions in China's supply and use estimates resulted in larger ending stocks from 2004/05-2006/07. While the upward revision in stocks is substantial, little, if any, impact on world trade and prices is expected. The July stocks revisions are primarily based on information from China's National Grain and Oilseeds Information Center indicating a substantial decline in feed use of rice in China since 2002/03. In addition, the combination of strong economic growth and increased urbanization have likely caused per capita food consumption of rice in China to slightly decline. The adjustment in the supply and use series for China beginning in 1997/98 resulted in an ending stocks estimate in 2006/07 of 37.4 million tons compared to last month's estimate of 18.8 million tons. A discussion of the revisions and a comparison of old and new estimates will be available at 8:45 a.m. on July 12 at: http://www.usda.gov/oce/commodity/wasde/revisions/hi storical.htm. Projected global 2006/07 production, and ending stocks are raised from a month ago, while consumption is lowered and trade is nearly unchanged. World production is projected at a record 418.3 million tons, 0.7 million above a month ago. The increase in global production is primarily due to a larger crop projected for Bangladesh, which is partially offset by lower U.S. production. Global consumption and ending stocks are changed primarily because of revisions made to the China rice supply and use balance. Global consumption is projected at 418.1 million tons, 6.7 million tons below last month, while ending stocks are projected at 79.1 million tons, 19 million tons above a month ago and nearly the same as the revised 2005/06 estimate. OILSEEDS: U.S. oilseed ending stocks for 2006/07 are projected at 16.6 million tons, down 2.8 million tons from last month. Oilseed production is projected at 91.8 million tons, down 2.9 million tons. Reduced soybean, sunflowerseed, cottonseed, and peanut production are only partly offset by a small increase in canola production. Soybean production is projected at 3,010 million bushels (81.9 million tons), down 70 million bushels because harvested area reported in the June 30 Acreage report is 1.8 million acres below the June projection. Lower production and reduced carryin leave 2006/07 soybean ending stocks at 560 million bushels, down 95 million from last month. The U.S. season-average soybean price for 2006/07 is projected at $5.00 to $6.00 per bushel, down 10 cents on both ends of the range as forward pricing opportunities for new crop soybeans have remained at substantially lower price levels than in the 2 previous marketing years. Forward contracting boosted prices significantly in 2004/05 and in 2005/06, but with lower forward contract prices for the 2006 crop, season- average prices are expected to more closely reflect cash prices. Soybean meal and soybean oil price projections are unchanged at $155 to $185 per short ton and 22.5 to 26.5 cents per pound, respectively. Global oilseed production for 2006/07 is reduced 2.7 million tons to 386.7 million tons. Foreign production is projected up 0.1 million tons to 294.9 million tons. Rapeseed production is increased for Canada based on higher harvested area. Rapeseed production is reduced for Australia because dry weather reduced plantings. Other changes include reduced soybean production for Canada. Global oilseed production for 2005/06 is reduced this month mainly due to a 0.7 million ton reduction in the Brazil soybean crop. The crop is estimated at 55 million tons based on lower yields recently reported by the Government of Brazil. U.S. soybean crush for 2005/06 is projected at 1,720 million bushels, up 5 million bushels from last month. Increased crush reflects stronger-than-expected soybean meal export shipments and sales through June. Soybean exports are raised 5 million bushels to 905 million. Residual use is also raised. Supply estimates and reported use through May coupled with the June 1 stocks estimate indicate a higher residual for 2005/06. Ending stocks for 2005/06 are projected at 545 million bushels, down 25 million bushels. SUGAR: Projected 2006/07 U.S. sugar supply is increased 157,000 short tons, raw value, from last month, due to higher beginning stocks and production. Processor projections compiled by the Farm Service Agency put 2006/07 production at 8.35 million tons, up 115,000 tons from last month's projection. Sugar use is unchanged. For 2005/06, total supply is increased 42,000 tons. Production is reduced 28,000 tons, while imports are raised 70,000 tons mainly due to lower shortfall in filling the tariff rate quota (TRQ). The shortfall in filling the TRQ is decreased 60,000 tons and stands at 180,000 tons. Total use is unchanged. LIVESTOCK, POULTRY, AND DAIRY: NOTE: Due to uncertainties as to the length of the bans on trade in ruminants and ruminant products because of the discovery of BSE in the United States and Canada, forecasts for 2006 and 2007 assume a continuation of policies currently in place among U.S. trading partners. The suspension of beef imports by Japan is considered to be temporary pending the resolution of importer concerns. U.S. beef exports to South Korea are not forecast pending implementation of import regulations by South Korea. Forecast total U.S. meat production is reduced for both 2006 and 2007. The decline primarily reflects expectations of slower growth in broiler meat output through 2007. Forecast pork production is reduced fractionally for 2006 mainly because hog slaughter in the second quarter was lower than expected. The June 30 Quarterly Hogs and Pigs report confirmed that the hog sector is expanding gradually. The beef production forecast for 2006 is raised fractionally because of increased cow slaughter. USDA's July 21 Cattle inventory report will provide an indication of producer plans for the cattle sector in light of current dry conditions. Beef export forecasts for 2006 and 2007 are raised from last month. Exports to North American markets are strong and expected to remain so into 2007. Beef imports for 2006 are reduced as shipments to date have been below expectations. The 2006 cattle price forecast is little changed from last month. Price forecasts for hogs and broilers are raised. Strong demand likely will provide support for hog prices through the year. Tighter forecast supplies of broilers are expected to support higher forecast broiler prices in both 2006 and 2007. The milk production forecast for 2006 is raised slightly from last month, but the 2007 forecast is unchanged. Milk cow numbers and milk per cow forecasts for 2006 are raised fractionally. Higher forecast milk production and relatively large dairy product supplies are expected to pressure prices. Cheese, butter, and nonfat dry milk (NDM) price forecasts are reduced, but demand for whey remains strong. The Class III price forecast for 2006 is raised from last month as higher whey prices more than offset a slightly weaker cheese forecast. The Class IV price forecast is reduced slightly due to lower butter and NDM prices. The all milk price for 2006 is increased to $12.50 to $12.80 per cwt. The forecasts for 2007 Class III prices are raised due to higher whey prices, but the Class IV and the all milk price forecasts for 2007 are unchanged. COTTON: This month's 2006/07 U.S. cotton forecasts include offsetting reductions in supply and use, which leave ending stocks unchanged. U.S. production is reduced marginally to 20.5 million bales, despite larger planted area in the June 30 Acreage report, as drought is expected to raise abandonment in the Southwest region, well above the historical average. Domestic mill use is reduced to 5.5 million bales based on recent lower consumption levels. Exports are reduced to 16.6 million, consistent with the lower available supply. The world cotton 2006/07 balance sheet has nearly offsetting production and consumption. World production is reduced mainly in the United States and Australia, while consumption is reduced in India, the United States, Korea, and Thailand. World trade is virtually unchanged and the world stocks forecast is raised less than 1 percent. For 2005/06, marginal adjustments in U.S. domestic mill use and exports, which reflect recent activity, reduce estimated ending stocks 100,000 bales to 6.5 million. 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. APPROVED BY: CHARLES F. CONNER ACTING SECRETARY OF AGRICULTURE For questions about the WASDE report, call (202) 720-5447. RELATED USDA REPORTS The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA Economic Research Service and Foreign Agricultural Service. See http://www.usda.gov/oce/waob/related.htm for an explanation of related reports. SUPPLY AND DEMAND DATABASE The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/. Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Data series go back to 1960/61 for many commodities. Users can download pre-defined tables, create custom queries, and import data into their own spreadsheets. SUBSCRIPTIONS Mail subscriptions cost $60.00; 2- and 3-year subscriptions are available. Call 1-800-999-6779 or 703-605-6220, 8:30 a.m.-5:00 pm. ET, or write ERS-NASS, 5285 Port Royal Road, Springfield, Virginia 22161. Subscriptions are also available from the Superintendent of Documents, U.S. Government Printing Office. Internet: http://bookstore.gpo.gov. Phone: toll free (866) 512-1800; DC area (202) 512-1800. Fax: (202) 512-2250. 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WASDE-436-8 World and U.S. Supply and Use for Grains 1/ Million Metric Tons =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : World Total grains 3/ : 2004/05 : 2,043.88 2,401.16 240.65 1,994.19 406.97 2005/06 (Est.) : 2,009.19 2,416.16 242.87 2,024.37 391.80 2006/07 (Proj.) : June : 1,984.29 2,367.11 239.68 2,048.00 319.10 July : 1,993.72 2,385.52 241.32 2,044.57 340.95 Wheat : 2004/05 : 628.76 761.03 110.89 610.10 150.93 2005/06 (Est.) : 621.86 772.79 113.86 627.75 145.04 2006/07 (Proj.) : June : 599.83 743.82 108.61 615.59 128.24 July : 605.21 750.25 109.81 617.05 133.20 Coarse grains 4/ : 2004/05 : 1,014.63 1,154.35 101.53 976.28 178.06 2005/06 (Est.) : 972.79 1,150.85 100.96 982.93 167.92 2006/07 (Proj.) : June : 966.91 1,138.56 103.29 1,007.66 130.89 July : 970.22 1,138.15 103.68 1,009.47 128.68 Rice, milled : 2004/05 : 400.49 485.78 28.22 407.80 77.98 2005/06 (Est.) : 414.55 492.52 28.05 413.69 78.84 2006/07 (Proj.) : June : 417.54 484.73 27.78 424.75 59.97 July : 418.28 497.12 27.83 418.05 79.07 : : United States Total grains 3/ : 2004/05 : 385.62 434.55 83.72 276.12 74.71 2005/06 (Est.) : 363.10 442.64 89.92 279.38 73.33 2006/07 (Proj.) : June : 339.49 420.89 87.65 289.17 44.06 July : 343.13 422.42 87.45 290.93 44.04 Wheat : 2004/05 : 58.74 75.53 28.92 31.91 14.70 2005/06 (Est.) : 57.28 74.16 27.32 31.38 15.45 2006/07 (Proj.) : June : 49.36 66.97 24.49 31.16 11.31 July : 49.14 67.45 24.49 31.03 11.93 Coarse grains 4/ : 2004/05 : 319.42 350.38 51.30 240.28 58.80 2005/06 (Est.) : 298.74 359.67 58.92 243.97 56.79 2006/07 (Proj.) : June : 283.62 345.75 59.89 253.89 31.97 July : 287.64 346.96 59.78 255.79 31.39 Rice, milled : 2004/05 : 7.46 8.64 3.50 3.93 1.21 2005/06 (Est.) : 7.09 8.81 3.68 4.03 1.09 2006/07 (Proj.) : June : 6.51 8.17 3.27 4.12 0.78 July : 6.35 8.01 3.18 4.12 0.72 =============================================================================== 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-436-9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : Foreign 3/ Total grains 4/ : 2004/05 : 1,658.26 1,966.61 156.92 1,718.07 332.26 2005/06 (Est.) : 1,646.09 1,973.53 152.95 1,744.98 318.46 2006/07 (Proj.) : June : 1,644.80 1,946.22 152.02 1,758.83 275.04 July : 1,650.58 1,963.09 153.88 1,753.64 296.90 Wheat : 2004/05 : 570.03 685.50 81.97 578.19 136.23 2005/06 (Est.) : 564.58 698.63 86.54 596.37 129.58 2006/07 (Proj.) : June : 550.47 676.86 84.12 584.42 116.93 July : 556.07 682.80 85.32 586.02 121.27 Coarse grains 5/ : 2004/05 : 695.21 803.97 50.23 736.01 119.26 2005/06 (Est.) : 674.05 791.18 42.05 738.96 111.13 2006/07 (Proj.) : June : 683.30 792.81 43.40 753.77 98.92 July : 682.58 791.19 43.90 753.68 97.29 Rice, milled : 2004/05 : 393.02 477.14 24.72 403.87 76.77 2005/06 (Est.) : 407.46 483.71 24.36 409.65 77.75 2006/07 (Proj.) : June : 411.03 476.56 24.51 420.63 59.19 July : 411.93 489.11 24.66 413.94 78.35 =============================================================================== 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 2004/05 : 120.31 163.36 34.99 108.81 53.98 2005/06 (Est.) : 114.12 168.11 43.31 116.76 53.01 2006/07 (Proj.) : June : 114.64 167.68 43.53 122.46 47.09 July : 114.36 167.37 43.42 121.75 47.45 : United States 2004/05 : 23.25 26.73 14.41 6.69 5.50 2005/06 (Est.) : 23.89 29.42 17.00 5.95 6.50 2006/07 (Proj.) : June : 20.70 27.33 16.80 5.60 4.90 July : 20.50 27.03 16.60 5.50 4.90 : Foreign 3/ 2004/05 : 97.06 136.63 20.58 102.12 48.49 2005/06 (Est.) : 90.24 138.69 26.31 110.81 46.51 2006/07 (Proj.) : June : 93.94 140.35 26.73 116.86 42.19 July : 93.86 140.34 26.82 116.25 42.55 =============================================================================== 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-436-10 World and U.S. Supply and Use for Oilseeds 1/ (Million Metric Tons) =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade : Use 2/ : Stocks =============================================================================== : : World Oilseeds : 2004/05 : 381.27 424.32 74.72 302.00 55.11 2005/06 (Est.) : 389.59 444.69 77.05 314.31 63.10 2006/07 (Proj.) : June : 389.38 454.91 82.24 323.16 64.75 July : 386.65 449.76 81.97 323.94 59.57 Oilmeals : 2004/05 : 205.70 212.97 60.00 203.15 8.49 2005/06 (Est.) : 212.63 221.12 62.75 212.53 7.97 2006/07 (Proj.) : June : 220.07 227.79 63.95 220.04 6.91 July : 220.11 228.07 63.94 220.34 7.03 Vegetable Oils : 2004/05 : 110.98 119.05 41.90 108.71 9.07 2005/06 (Est.) : 115.96 125.02 44.15 114.93 9.01 2006/07 (Proj.) : June : 119.93 128.57 45.99 119.88 7.87 July : 120.07 129.07 45.89 120.63 7.93 : : United States Oilseeds : 2004/05 : 95.94 100.77 30.86 50.17 8.29 2005/06 (Est.) : 96.14 105.09 25.59 51.45 16.74 2006/07 (Proj.) : June : 94.65 112.82 30.61 52.27 19.40 July : 91.78 109.31 30.58 52.00 16.61 Oilmeals : 2004/05 : 39.26 41.09 6.94 33.93 0.22 2005/06 (Est.) : 39.36 41.24 6.88 34.08 0.28 2006/07 (Proj.) : June : 40.39 42.37 7.33 34.75 0.28 July : 40.27 42.25 7.30 34.67 0.28 Vegetable Oils : 2004/05 : 9.75 12.37 0.84 10.44 1.09 2005/06 (Est.) : 10.28 13.69 0.80 11.25 1.64 2006/07 (Proj.) : June : 10.16 14.10 0.88 11.79 1.44 July : 10.08 14.11 0.88 11.77 1.47 : : Foreign 3/ Oilseeds : 2004/05 : 285.34 323.55 43.87 251.84 46.82 2005/06 (Est.) : 293.45 339.60 51.47 262.87 46.36 2006/07 (Proj.) : June : 294.74 342.09 51.63 270.89 45.35 July : 294.87 340.45 51.40 271.94 42.96 Oilmeals : 2004/05 : 166.44 171.88 53.06 169.22 8.28 2005/06 (Est.) : 173.27 179.88 55.88 178.45 7.68 2006/07 (Proj.) : June : 179.69 185.42 56.62 185.29 6.63 July : 179.84 185.83 56.65 185.68 6.75 Vegetable Oils : 2004/05 : 101.23 106.68 41.06 98.28 7.97 2005/06 (Est.) : 105.67 111.33 43.35 103.68 7.36 2006/07 (Proj.) : June : 109.78 114.47 45.12 108.10 6.44 July : 109.99 114.96 45.02 108.86 6.46 =============================================================================== 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-436-11 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :============================== : : Est. : June July =============================================================================== Area : Million acres Planted : 59.7 57.2 57.1 * 57.9 Harvested : 50.0 50.1 46.1 * 47.1 Yield per harvested : Bushels acre : 43.2 42.0 39.3 * 38.3 : Million bushels Beginning stocks : 546 540 547 568 Production : 2,158 2,105 1,814 1,806 Imports : 71 80 100 105 Supply, total : 2,775 2,725 2,461 2,478 Food : 910 910 915 915 Seed : 78 78 80 80 Feed and residual : 185 165 150 145 Domestic, total : 1,172 1,153 1,145 1,140 Exports : 1,063 1,004 900 900 Use, total : 2,235 2,157 2,045 2,040 Ending stocks : 540 568 416 438 CCC inventory : 54 43 Free stocks : 486 525 Outstanding loans : 58 42 Avg. farm price ($/bu) 2/ : 3.40 3.42 3.60- 4.20 3.70- 4.30 =============================================================================== U.S. Wheat by Class: Supply and Use =============================================================================== Year beginning : Hard : Hard : Soft : : : June 1 : Winter : Spring : Red : White : Durum : Total =============================================================================== 2005/06 (estimated) : Million bushels Beginning stocks : 193 159 88 63 38 540 Production : 930 467 309 298 101 2,105 Supply, total 3/ : 1,124 638 422 371 171 2,725 Domestic use : 481 226 240 119 87 1,153 Exports : 430 281 76 174 43 1,004 Use, total : 911 507 316 293 130 2,157 Ending stocks, total : 212 131 106 78 40 568 : 2006/07 (projected) : Beginning stocks : 212 131 106 78 40 568 Production : 660 425 375 285 60 1,806 Supply, total 3/ : 874 600 501 373 131 2,478 Domestic use : 435 235 269 117 84 1,140 Exports : 305 265 120 185 25 900 Use, total : 740 500 389 302 109 2,040 Ending stocks, total : 134 100 112 71 22 438 =============================================================================== 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. * For June, winter wheat harvested acreage and yield reported in June Crop Production. Harvested acres and yield for spring wheat (including durum) projected using 10-year average harvested-to-planted ratios and projected yield derived from 1985-2005 trend yield. For July: Area planted, area harvested, yield and production as reported in July Crop Production report. WASDE-436-12 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :============================== : : Est. : June July =============================================================================== FEED GRAINS : Area : Million acres Planted : 97.0 96.3 92.5 * 93.5 * Harvested : 86.0 85.9 81.5 * 82.3 * Yield per harvested : Metric tons acre : 3.71 3.47 3.48 3.49 : Million metric tons Beginning stocks : 28.7 58.8 59.8 56.8 Production : 319.2 298.5 283.4 287.4 Imports : 2.1 2.0 2.2 2.4 Supply, total : 350.0 359.4 345.4 346.6 Feed and residual : 165.8 162.2 157.5 159.7 Food, seed & industrial : 74.1 81.5 96.0 95.8 Domestic, total : 239.9 243.7 253.6 255.5 Exports : 51.3 58.9 59.9 59.8 Use, total : 291.2 302.6 313.4 315.2 Ending stocks, total : 58.8 56.8 32.0 31.4 CCC inventory : 0.0 0.0 Free stocks : 58.8 56.8 Outstanding loans : 7.2 5.1 : CORN : Area : Million acres Planted : 80.9 81.8 78.0 * 79.4 * Harvested : 73.6 75.1 70.8 * 72.1 * Yield per harvested : Bushels acre : 160.4 147.9 149.0 * 149.0 * : Million bushels Beginning stocks : 958 2,114 2,176 2,062 Production : 11,807 11,112 10,550 10,740 Imports : 11 11 10 10 Supply, total : 12,776 13,237 12,736 12,812 Feed and residual : 6,162 6,100 5,950 6,050 Food, seed & industrial : 2,686 2,975 3,545 3,535 Ethanol for fuel 2/ : 1,323 1,600 2,150 2,150 Domestic, total : 8,848 9,075 9,495 9,585 Exports : 1,814 2,100 2,150 2,150 Use, total : 10,662 11,175 11,645 11,735 Ending stocks, total : 2,114 2,062 1,091 1,077 CCC inventory : 1 1 Free stocks : 2,113 2,061 Outstanding loans : 280 200 Avg. farm price ($/bu) 3/ : 2.06 1.95- 2.00 2.25- 2.65 2.25- 2.65 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further breakout of FSI corn uses including ethanol, see the Feed Outlook table 5 or access the data on the Web through the Feed Grain Data Delivery System (http://www.ers.usda.gov/db/feedgrains/). 3/ Marketing-year weighted average price received by farmers. * For June, planted acres estimate reported in March 31, 2005, Prospective Plantings. Harvested acres projected based on the relationship between planted and harvested for 2000-2005 omitting 2002. Projected yield derived from a linear trend fit over 1960-2005 (1988 omitted), adjusted for 2006 planting progress. For July: Area planted and harvested of corn as reported in June Acreage report. Projected yield derived from a linear trend fit over 1960-2005 (1988 omitted), adjusted for 2006 planting progress. WASDE-436-13 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :============================== : : Est. : June July =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 7.5 6.5 6.5 * 6.3 * Area harv. (mil. acres) : 6.5 5.7 5.5 * 5.3 * Yield (bushels/acre) : 69.6 68.7 65.5 * 65.8 * Beginning stocks : 34 57 51 51 Production : 454 394 360 350 Imports : 0 0 0 0 Supply, total : 487 451 411 401 Feed and residual : 191 150 120 110 Food, seed & industrial : 55 55 60 60 Total domestic : 246 205 180 170 Exports : 184 195 185 185 Use, total : 430 400 365 355 Ending stocks, total : 57 51 46 46 Avg. farm price ($/bu) 2/ : 1.79 1.75- 1.80 2.05- 2.45 2.05- 2.45 : BARLEY : Area planted (mil. acres) : 4.5 3.9 3.7 * 3.5 * Area harv. (mil. acres) : 4.0 3.3 3.2 * 3.0 * Yield (bushels/acre) : 69.6 64.8 64.1 * 63.4 * Beginning stocks : 120 128 110 108 Production : 280 212 205 190 Imports : 12 5 15 20 Supply, total : 412 345 330 318 Feed and residual : 103 52 45 45 Food, seed & industrial : 157 158 155 155 Total domestic : 261 210 200 200 Exports : 23 27 25 20 Use, total : 284 237 225 220 Ending stocks, total : 128 108 105 98 Avg. farm price ($/bu) 2/ : 2.48 2.53 2.45- 2.85 2.45- 2.85 : OATS : Area planted (mil. acres) : 4.1 4.2 4.3 * 4.3 * Area harv. (mil. acres) : 1.8 1.8 2.0 * 1.9 * Yield (bushels/acre) : 64.7 63.0 62.5 * 57.9 * Beginning stocks : 65 58 57 53 Production : 116 115 125 110 Imports : 88 95 95 100 Supply, total : 268 268 277 263 Feed and residual : 134 139 145 135 Food, seed & industrial : 74 74 75 75 Total domestic : 208 213 220 210 Exports : 3 2 2 2 Use, total : 210 215 222 212 Ending stocks, total : 58 53 55 51 Avg. farm price ($/bu) 2/ : 1.48 1.63 1.60- 2.00 1.60- 2.00 =============================================================================== 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. * For June-- planted acres reported in March 31, 2006 Prospective Plantings. Harvested Area-- For barley, oats, and sorghum harvested acres is the five year average harvested-to-planted ratio, 2000-2005 (excluding 2002). Yield-- For sorghum 10 year average yield (1996-2005, excluding 2002). For barley and oats projected yield derived from 1960-2005 trend yield with oat yield adjusted for rounding. For July-- Sorghum: Area planted and area harvested as reported in the June Acreage report. Yield-- For sorghum is based on yield models for major producing States adjusted for crop conditions. Barley and oats: Area, yield and production as reported in July Crop Production. WASDE-436-14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :============================== : : Est. : June July =============================================================================== TOTAL : Area : Million acres Planted : 3.35 3.38 2.97 * 2.91 * Harvested : 3.33 3.36 2.95 * 2.90 * Yield per harvested : Pounds acre : 6,988 6,636 6,947 * 6,908 * : : Million hundredweight : Beginning stocks 2/ : 23.7 37.7 34.3 34.3 Production : 232.4 223.2 205.0 200.0 Imports : 13.2 16.0 18.0 18.0 Supply, total : 269.2 276.9 257.3 252.3 Domestic & residual 3/ : 122.5 126.6 129.7 129.6 Exports, total 4/ : 109.0 116.0 103.0 100.0 Rough : 33.9 34.0 36.0 36.0 Milled (rough equiv.) : 75.1 82.0 67.0 64.0 Use, total : 231.5 242.6 232.7 229.6 Ending stocks : 37.7 34.3 24.6 22.8 Avg. milling yield (%) 5/ : 70.8 70.0 70.0 70.0 Avg. farm price ($/cwt) 6/ : 7.33 7.60- 7.65 9.00- 9.50 9.15- 9.65 : LONG GRAIN : Harvested acres (mil.) : 2.57 2.73 Yield (pounds/acre) : 6,630 6,493 Beginning stocks : 10.3 22.7 24.9 24.9 Production : 170.4 177.5 157.0 154.0 Supply, total 7/ : 191.3 211.8 193.9 190.9 Domestic & Residual 3/ : 84.5 93.9 96.5 96.5 Exports 8/ : 84.0 93.0 82.0 80.0 Use, total : 168.5 186.9 178.5 176.5 Ending stocks : 22.7 24.9 15.4 14.4 : : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.75 0.63 Yield (pounds/acre) : 8,212 7,255 Beginning stocks : 12.4 13.8 8.2 8.3 Production : 61.9 45.7 48.0 46.0 Supply, total 7/ : 76.8 64.0 62.2 60.3 Domestic & Residual 3/ : 38.0 32.7 33.2 33.1 Exports 8/ : 25.0 23.0 21.0 20.0 Use, total : 63.0 55.7 54.2 53.1 Ending stocks : 13.8 8.3 8.1 7.2 =============================================================================== 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): 2004/05-1.0; 2005/06-1.1; 2006/07-1.0. 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. * For June: Planted acres reported in March "Prospective Plantings". Harvested acres are estimated using an olympic average harvested-to-planted ratios by rice class, 2001-2005. For July: Planted and harvested acres reported in June "Acreage". For June and July: Projected yield is derived from a relationship using yield trend and planting progress by State, 1995-2005. WASDE-436-15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :=============================== : : Est. : June July =============================================================================== SOYBEANS: : Million acres Area : Planted : 75.2 72.1 76.9 * 74.9 ** Harvested : 74.0 71.4 75.7 * 73.9 ** : : Bushels Yield per harvested : acre : 42.2 43.3 40.7 * 40.7 ** : : Million bushels : Beginning stocks : 112 256 570 545 Production : 3,124 3,086 3,080 3,010 Imports : 6 4 4 4 Supply, total : 3,242 3,346 3,654 3,559 Crushings : 1,696 1,720 1,750 1,750 Exports : 1,103 905 1,090 1,090 Seed : 88 92 91 91 Residual : 99 85 _3/ 68 67 Use, total : 2,986 2,802 2,999 2,998 Ending stocks : 256 545 655 560 Avg. farm price ($/bu) 2/ : 5.74 5.65 5.10- 6.10 5.00 - 6.00 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 1,076 1,699 2,789 2,849 Production : 19,360 20,125 19,775 19,775 Imports : 26 50 55 55 Supply, total : 20,462 21,874 22,619 22,679 Domestic : 17,439 17,950 19,000 19,000 Exports : 1,324 1,075 1,200 1,200 Use, total : 18,763 19,025 20,200 20,200 Ending stocks : 1,699 2,849 2,419 2,479 Average price (c/lb) 2/ : 23.01 23.50 22.50- 22.50- : 26.50 26.50 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 211 172 250 250 Production : 40,715 40,513 41,685 41,685 Imports : 147 165 165 165 Supply, total : 41,073 40,850 42,100 42,100 Domestic : 33,561 33,400 34,100 34,100 Exports : 7,340 7,200 7,750 7,750 Use, total : 40,901 40,600 41,850 41,850 Ending stocks : 172 250 250 250 Average price ($/s.t.) 2/ : 182.89 175.00 155.00- 155.00- : 185.00 185.00 =============================================================================== 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 May, coupled with USDA's June 1 stocks estimate, indicate an above-average residual. *Planted acres reported in March 31 Prospective Plantings. Harvested acres based on 5-year average planted-to-harvested ratios by state. Projected yield based on 1978-2005 regional trend analysis. **Planted and harvested acres from the June 30 Acreage report. Projected yield based on 1978-2005 regional trend. WASDE-436-16 U.S. Sugar Supply and Use 1/ ====================================================================== : : : 2006/07 Projection Item : 2004/05 : 2005/06 :====================== : : Estimate : June July ====================================================================== : 1,000 short tons, raw value : Beginning stocks : 1,897 1,331 1,389 1,431 Production 2/ : 7,877 7,365 8,230 8,345 Beet sugar : 4,611 4,335 4,700 4,800 Cane sugar : 3,266 3,030 3,530 3,545 Florida : 1,693 1,368 1,800 1,745 Hawaii : 258 237 250 265 Louisiana : 1,157 1,245 1,300 1,350 Texas : 158 180 180 185 Imports : 2,100 3,235 1,818 1,818 TRQ 3/ : 1,408 2,525 1,318 1,318 Other program 4/ : 500 300 325 325 Other 5/ : 192 410 175 175 Supply, total : 11,874 11,931 11,437 11,594 : Exports : 259 200 200 200 Deliveries : 10,188 10,300 10,415 10,415 Food : 10,019 10,150 10,250 10,250 Other 6/ : 169 150 165 165 Miscellaneous 7/ : 96 0 0 0 Use, total : 10,543 10,500 10,615 10,615 Ending stocks : 1,331 1,431 822 979 : Stocks to use ratio : 12.6 13.6 7.7 9.2 ====================================================================== 1/ Fiscal years beginning Oct 1. Includes Puerto Rico. Historical data are from FSA, "Sweetener Market Data" except imports (U.S. Customs Service, Census Bureau). 2/ Projections for 2006/07 are based on processors' submissions compiled by the Farm Service Agency. 3/ 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. For 2006/07, includes only U.S. commitments under current trade agreements, minus shortfall of 50,000 tons. The Secretary will establish the actual level of the TRQ at a later date. 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ Includes high-tier and other. 6/ Transfers to sugar-containing products for reexport, and for nonedible alcohol and feed. 7/ Residual statistical discrepancies. WASDE-436-17 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :=============================== : : Est. : June July =============================================================================== : Million acres Area : Planted : 13.66 14.25 14.63 * 15.28 * Harvested : 13.06 13.80 12.90 * 12.78 * : : Pounds Yield per harvested : acre : 855 831 770 * 770 * : : Million 480 pound bales : Beginning stocks 2/ : 3.45 5.50 6.60 6.50 Production : 23.25 23.89 20.70 20.50 Imports : 0.03 0.03 0.03 0.03 Supply, total : 26.73 29.42 27.33 27.03 Domestic use : 6.69 5.95 5.60 5.50 Exports : 14.41 17.00 16.80 16.60 Use, total : 21.10 22.95 22.40 22.10 Unaccounted 3/ : 0.14 -0.03 0.03 0.03 Ending stocks : 5.50 6.50 4.90 4.90 : Avg. farm price 4/ : 41.6 47.8 5/ 5/ =============================================================================== Note: Totals may not add due to rounding. 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. The 2005/06 price is a weighted average price for upland cotton for August-May. 5/ USDA is prohibited by law from publishing cotton price projections. * For June, planted area reported in March 31 "Prospective Plantings." Projected harvested area based on 1996-2003 U.S. average abandonment. For July, planted area reported in June 30 "Acreage." Harvested area based on 1996-2005 average abandonment by State, with further adjustments in the Southwest to reflect drought conditions. For both June and July, projected yield per harvested acre based on 2002-2005 yields. 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 2005/06 is 28.9 percent. WASDE-436-18 World Wheat Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2004/05 : World 3/ : 132.27 628.76 109.88 106.73 610.10 110.89 150.93 United States : 14.87 58.74 1.92 5.04 31.91 28.92 14.70 Total foreign : 117.40 570.03 107.96 101.69 578.19 81.97 136.23 Major exporters 4/ : 23.44 201.23 7.72 65.49 135.84 55.91 40.64 Argentina : 1.40 16.00 0.00 0.08 5.01 11.83 0.55 Australia : 5.36 22.60 0.08 3.70 6.40 14.74 6.89 Canada : 6.08 25.86 0.25 5.01 9.23 14.97 7.99 EU-25 5/ : 10.60 136.77 7.39 56.70 115.20 14.37 25.20 Major importers 6/ : 62.69 156.40 60.59 8.29 214.35 3.40 61.93 Brazil : 0.51 5.85 5.21 0.30 10.20 0.02 1.35 China : 43.29 91.95 6.75 4.00 102.00 1.17 38.82 Select. Mideast 7/ : 5.56 18.66 9.60 1.95 28.27 0.60 4.96 N. Africa 8/ : 7.47 17.17 18.41 0.30 32.58 0.22 10.24 Pakistan : 1.38 19.50 1.42 0.40 20.00 0.05 2.25 Southeast Asia 9/ : 2.03 0.00 9.75 0.91 9.30 0.42 2.06 Selected other : India : 6.90 72.06 0.01 0.50 72.75 2.12 4.10 FSU-12 : 10.99 86.83 4.57 20.81 72.93 15.19 14.27 Russia : 2.65 45.40 1.20 13.60 37.40 7.95 3.89 Kazakhstan : 3.78 9.95 0.02 2.70 7.40 2.70 3.64 Ukraine : 1.13 17.50 0.03 2.10 11.70 4.35 2.61 : : 2005/06 (Estimated) : World 3/ : 150.93 621.86 108.68 112.27 627.75 113.86 145.04 United States : 14.70 57.28 2.18 4.50 31.38 27.32 15.45 Total foreign : 136.23 564.58 106.51 107.77 596.37 86.54 129.58 Major exporters 4/ : 40.64 186.39 7.84 69.68 140.60 55.00 39.27 Argentina : 0.55 12.50 0.01 0.08 5.10 7.50 0.46 Australia : 6.89 24.50 0.08 3.90 6.60 17.00 7.87 Canada : 7.99 26.80 0.25 5.20 9.40 16.00 9.64 EU-25 5/ : 25.20 122.59 7.50 60.50 119.50 14.50 21.29 Major importers 6/ : 61.93 162.22 57.80 8.50 218.64 4.38 58.94 Brazil : 1.35 4.87 6.20 0.70 10.90 0.75 0.77 China : 38.82 97.45 1.30 3.50 101.00 1.40 35.17 Select. Mideast 7/ : 4.96 19.32 11.90 1.90 29.64 0.65 5.89 N. Africa 8/ : 10.24 15.18 18.40 0.30 33.78 0.21 9.83 Pakistan : 2.25 21.50 1.00 0.40 21.50 0.05 3.20 Southeast Asia 9/ : 2.06 0.00 9.90 1.28 9.75 0.37 1.84 Selected other : India : 4.10 72.00 0.03 0.50 73.63 0.50 2.00 FSU-12 : 14.27 92.20 4.14 22.91 75.67 19.74 15.20 Russia : 3.89 47.70 0.80 14.90 38.40 10.50 3.49 Kazakhstan : 3.64 11.00 0.02 2.70 7.40 3.00 4.26 Ukraine : 2.61 18.70 0.05 2.90 12.90 6.00 2.46 =============================================================================== 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-25. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-436-19 World Wheat Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2006/07 (Projected) World 3/ : June : 143.99 599.83 108.72 106.06 615.59 108.61 128.24 July : 145.04 605.21 110.13 107.78 617.05 109.81 133.20 United States : June : 14.88 49.36 2.72 4.08 31.16 24.49 11.31 July : 15.45 49.14 2.86 3.95 31.03 24.49 11.93 Total foreign : June : 129.11 550.47 106.00 101.98 584.42 84.12 116.93 July : 129.58 556.07 107.27 103.83 586.02 85.32 121.27 Major exporters 4/ : June : 38.77 190.80 6.56 68.98 139.90 62.00 34.22 July : 39.27 188.40 6.76 68.98 139.90 61.50 33.02 Argentina Jun : 0.46 14.30 0.01 0.08 5.00 9.50 0.27 Jul : 0.46 14.30 0.01 0.08 5.00 9.50 0.27 Australia Jun : 7.37 24.00 0.00 3.90 6.60 18.00 6.77 Jul : 7.87 21.50 0.00 3.90 6.60 17.00 5.77 Canada Jun : 9.64 26.50 0.25 5.00 9.30 18.00 9.09 Jul : 9.64 26.50 0.25 5.00 9.30 18.50 8.59 EU-25 5/ Jun : 21.29 126.00 6.30 60.00 119.00 16.50 18.09 Jul : 21.29 126.10 6.50 60.00 119.00 16.50 18.39 Major importers 6/ : June : 59.06 164.69 54.58 6.83 219.12 3.69 55.52 July : 58.94 171.29 55.08 7.93 220.12 4.69 60.49 Brazil Jun : 0.77 4.40 6.20 0.30 10.70 0.03 0.65 Jul : 0.77 3.50 6.80 0.20 10.60 0.03 0.45 China Jun : 35.47 97.50 1.50 3.00 100.00 1.00 33.47 Jul : 35.17 105.00 0.70 4.00 101.00 2.00 37.87 Sel. Mideast 7/Jun : 5.49 18.80 10.53 1.50 29.54 0.65 4.63 Jul : 5.89 18.80 11.03 1.50 29.54 0.65 5.53 N. Africa 8/ Jun : 9.83 18.33 16.60 0.30 35.03 0.21 9.52 Jul : 9.83 18.33 16.60 0.30 35.03 0.21 9.52 Pakistan Jun : 3.20 21.70 0.60 0.40 22.00 0.50 3.00 Jul : 3.20 21.70 0.60 0.40 22.00 0.50 3.00 SE Asia 9/ Jun : 1.87 0.00 9.85 0.92 9.70 0.38 1.64 Jul : 1.84 0.00 10.05 1.12 9.80 0.38 1.71 Selected other : India Jun : 1.80 68.00 4.50 0.50 70.50 0.50 3.30 Jul : 2.00 68.00 4.50 0.50 70.50 0.50 3.50 FSU-12 Jun : 15.40 76.73 4.14 20.31 71.99 12.65 11.63 Jul : 15.20 78.73 4.14 20.61 72.49 13.65 11.93 Russia Jun : 3.49 41.50 1.20 13.70 36.90 6.50 2.79 Jul : 3.49 41.50 1.20 13.70 36.90 6.50 2.79 Kazakhstan Jun : 4.26 11.50 0.02 2.70 7.60 4.50 3.67 Jul : 4.26 11.50 0.02 2.70 7.60 4.50 3.67 Ukraine Jun : 2.76 11.00 0.20 1.70 10.80 1.50 1.66 Jul : 2.46 13.00 0.20 2.00 11.30 2.50 1.86 =============================================================================== 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-25. 5/ Trade excludes intra-trade. 6/ Brazil, China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-436-20 World Coarse Grain Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2004/05 : World 3/ : 139.72 1014.63 101.10 641.52 976.28 101.53 178.06 United States : 28.76 319.42 2.20 165.93 240.28 51.30 58.80 Total foreign : 110.96 695.21 98.90 475.59 736.01 50.23 119.26 Major exporters 4/ : 10.53 75.13 3.04 36.67 50.03 24.89 13.78 Argentina : 1.00 24.90 0.01 6.60 9.06 15.24 1.61 Australia : 2.25 11.57 0.00 5.71 6.93 4.62 2.27 Canada : 4.09 26.45 2.47 19.16 23.74 2.85 6.42 Major importers 5/ : 32.89 225.58 76.24 214.16 283.31 4.61 46.78 EU-25 6/ : 12.62 150.75 3.68 106.54 138.82 4.01 24.23 Japan : 1.85 0.20 19.71 15.05 19.88 0.00 1.88 Mexico : 5.68 28.95 8.94 22.13 38.28 0.03 5.26 N. Afr & Mideast 7/: 6.16 28.34 20.29 39.01 46.07 0.06 8.66 Saudi Arabia : 2.43 0.20 6.91 6.65 6.84 0.00 2.71 Southeast Asia 8/ : 1.62 16.73 3.24 13.37 19.38 0.52 1.69 South Korea : 1.42 0.34 8.72 6.66 9.01 0.00 1.47 Selected other : China : 45.48 138.25 2.07 100.21 141.17 7.62 37.02 Other Europe : 1.70 29.05 0.66 19.83 24.96 2.31 4.14 FSU-12 : 5.96 62.95 1.06 38.09 54.62 8.10 7.26 Russia : 2.93 29.60 0.68 19.00 29.40 1.13 2.67 Ukraine : 1.62 23.00 0.02 11.35 15.20 6.77 2.67 : : 2005/06 (Estimated) : World 3/ : 178.06 972.79 100.85 631.60 982.93 100.96 167.92 United States : 58.80 298.74 2.14 162.25 243.97 58.92 56.79 Total foreign : 119.26 674.05 98.71 469.35 738.96 42.05 111.13 Major exporters 4/ : 13.78 64.52 2.45 35.95 49.39 19.88 11.48 Argentina : 1.61 17.40 0.00 6.41 8.87 8.86 1.28 Australia : 2.27 13.76 0.00 5.81 7.04 6.02 2.97 Canada : 6.42 25.98 1.57 19.41 24.23 4.23 5.52 Major importers 5/ : 46.78 201.82 77.86 209.84 278.81 5.09 42.57 EU-25 6/ : 24.23 131.79 3.52 100.11 132.34 4.01 23.18 Japan : 1.88 0.19 19.67 15.14 19.97 0.00 1.77 Mexico : 5.26 25.53 11.20 22.28 38.68 0.01 3.31 N. Afr & Mideast 7/: 8.66 26.54 18.71 38.68 45.62 0.85 7.44 Saudi Arabia : 2.71 0.20 7.60 7.63 7.81 0.00 2.70 Southeast Asia 8/ : 1.69 17.18 3.87 14.78 20.54 0.23 1.97 South Korea : 1.47 0.33 8.54 6.57 8.90 0.00 1.43 Selected other : China : 37.02 147.47 2.21 103.12 147.17 4.03 35.50 Other Europe : 4.14 26.80 0.57 19.04 25.03 1.91 4.57 FSU-12 : 7.26 55.08 1.06 33.46 49.43 8.32 5.65 Russia : 2.67 27.60 0.53 17.60 27.65 1.76 1.39 Ukraine : 2.67 18.14 0.08 8.45 11.99 6.38 2.52 =============================================================================== 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and South Africa. 5/ The EU-25, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-436-21 World Coarse Grain Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2006/07 (Projected) World 3/ : June : 171.64 966.91 101.74 638.97 1007.66 103.29 130.89 July : 167.92 970.22 101.94 640.89 1009.47 103.68 128.68 United States : June : 59.81 283.62 2.33 157.62 253.89 59.89 31.97 July : 56.79 287.64 2.53 159.78 255.79 59.78 31.39 Total foreign : June : 111.84 683.30 99.42 481.35 753.77 43.40 98.92 July : 111.13 682.58 99.42 481.11 753.68 43.90 97.29 Major exporters 4/ : June : 11.35 69.50 3.70 38.32 52.49 21.37 10.70 July : 11.48 67.61 3.40 37.73 51.85 21.12 9.53 Argentina Jun : 0.98 21.57 0.00 7.11 9.67 11.96 0.93 Jul : 1.28 21.57 0.00 7.11 9.67 11.96 1.23 Australia Jun : 3.22 13.46 0.00 6.27 7.49 5.77 3.42 Jul : 2.97 11.81 0.00 6.17 7.39 5.22 2.17 Canada Jun : 5.52 25.08 2.87 20.41 25.78 3.13 4.57 Jul : 5.52 24.84 2.87 20.12 25.44 3.33 4.47 Major importers 5/ : June : 43.05 211.44 77.25 213.83 283.51 5.48 42.74 July : 42.57 210.52 77.55 213.83 283.51 5.33 41.79 EU-25 6/ Jun : 23.41 135.97 2.95 101.12 133.65 5.01 23.67 Jul : 23.18 135.75 2.95 101.33 133.85 5.01 23.02 Japan Jun : 1.77 0.17 19.17 14.87 19.70 0.00 1.41 Jul : 1.77 0.17 19.17 14.87 19.70 0.00 1.41 Mexico Jun : 3.31 28.43 11.20 23.18 39.68 0.00 3.26 Jul : 3.31 28.43 11.20 23.18 39.68 0.00 3.26 N Afr/M.East 7/Jun : 7.69 28.73 18.80 40.09 47.46 0.25 7.52 Jul : 7.44 28.03 19.10 39.89 47.26 0.10 7.22 Saudi Arabia Jun : 2.70 0.20 8.00 7.83 8.01 0.00 2.89 Jul : 2.70 0.20 8.00 7.83 8.01 0.00 2.89 S.-east Asia 8/Jun : 1.97 17.53 3.56 15.27 20.93 0.23 1.90 Jul : 1.97 17.53 3.56 15.27 20.93 0.23 1.90 South Korea Jun : 1.43 0.33 8.83 6.86 9.19 0.00 1.40 Jul : 1.43 0.33 8.83 6.86 9.19 0.00 1.40 Selected other : China Jun : 35.50 146.06 2.34 104.92 151.23 4.03 28.64 Jul : 35.50 146.06 2.34 104.92 151.23 4.03 28.64 Other Europe Jun : 4.45 23.81 0.64 18.97 24.53 1.86 2.51 Jul : 4.57 24.11 0.64 18.82 24.38 2.06 2.88 FSU-12 Jun : 5.68 56.77 0.93 34.98 50.32 8.18 4.87 Jul : 5.65 58.57 0.93 35.48 50.82 8.88 5.45 Russia Jun : 1.39 29.30 0.60 18.20 27.95 2.00 1.34 Jul : 1.39 29.80 0.60 18.30 28.05 2.20 1.54 Ukraine Jun : 2.55 18.65 0.07 9.85 13.25 5.80 2.22 Jul : 2.52 19.95 0.07 10.25 13.65 6.30 2.59 =============================================================================== 1/ Aggregate of local marketing years. Coarse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and South Africa. 5/ The EU-25, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-436-22 World Corn Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2004/05 : World 3/ : 103.23 712.30 77.09 471.72 685.08 78.08 130.45 United States : 24.34 299.91 0.28 156.53 224.75 46.08 53.70 Total foreign : 78.90 412.38 76.81 315.19 460.33 32.00 76.76 Major exporters 4/ : 3.18 32.22 0.37 8.50 14.90 16.72 4.15 Argentina : 0.22 20.50 0.01 3.50 5.20 14.57 0.96 South Africa : 2.96 11.72 0.36 5.00 9.70 2.14 3.19 Major importers 5/ : 12.96 98.03 47.20 100.52 140.09 0.70 17.39 Egypt : 0.48 5.84 5.40 9.50 11.30 0.00 0.42 EU-25 6/ : 2.94 53.48 2.97 42.00 51.70 0.16 7.52 Japan : 1.04 0.00 16.49 12.00 16.50 0.00 1.03 Mexico : 4.37 22.05 5.92 12.60 27.90 0.03 4.42 Southeast Asia 7/ : 1.61 16.53 3.23 13.20 19.20 0.51 1.66 South Korea : 1.42 0.08 8.64 6.62 8.67 0.00 1.47 Selected other : Brazil : 7.88 35.00 0.50 32.10 38.50 0.68 4.19 Canada : 1.14 8.84 2.37 7.91 10.31 0.24 1.80 China : 44.85 130.29 0.00 98.00 131.00 7.59 36.56 Other Europe : 1.18 23.70 0.43 16.58 20.17 1.72 3.40 FSU-12 : 1.36 15.39 0.55 11.01 12.71 2.42 2.17 Ukraine : 0.84 8.80 0.01 5.30 6.00 2.33 1.32 : : 2005/06 (Estimated) : World 3/ : 130.45 691.74 75.57 470.97 695.11 73.94 127.08 United States : 53.70 282.26 0.28 154.95 230.52 53.34 52.37 Total foreign : 76.76 409.48 75.29 316.02 464.58 20.60 74.71 Major exporters 4/ : 4.15 21.00 0.75 8.00 14.30 9.25 2.35 Argentina : 0.96 14.00 0.00 3.90 5.60 8.50 0.86 South Africa : 3.19 7.00 0.75 4.10 8.70 0.75 1.49 Major importers 5/ : 17.39 90.47 48.16 97.85 137.12 0.31 18.59 Egypt : 0.42 5.86 4.30 8.30 10.10 0.00 0.48 EU-25 6/ : 7.52 48.32 3.00 39.00 48.50 0.10 10.24 Japan : 1.03 0.00 16.50 12.00 16.50 0.00 1.03 Mexico : 4.42 19.20 7.50 12.90 28.40 0.01 2.71 Southeast Asia 7/ : 1.66 16.98 3.86 14.60 20.35 0.20 1.94 South Korea : 1.47 0.06 8.40 6.50 8.50 0.00 1.43 Selected other : Brazil : 4.19 41.00 0.50 33.50 40.00 1.50 4.19 Canada : 1.80 9.47 1.50 8.30 10.80 0.20 1.77 China : 36.56 139.37 0.08 101.00 137.00 4.00 35.00 Other Europe : 3.40 22.18 0.29 16.00 20.50 1.50 3.87 FSU-12 : 2.17 13.13 0.55 10.07 11.71 2.38 1.76 Ukraine : 1.32 7.15 0.00 4.40 5.10 2.30 1.07 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina and South Africa. 5/ Egypt, the EU-25, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-436-23 World Corn Supply and Use 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2006/07 (Projected) World 3/ : June : 130.39 682.13 76.86 475.69 720.34 77.99 92.18 July : 127.08 686.75 76.86 477.93 722.62 78.29 91.22 United States : June : 55.27 267.98 0.25 151.14 241.18 54.61 27.71 July : 52.37 272.81 0.25 153.68 243.47 54.61 27.35 Total foreign : June : 75.11 414.15 76.61 324.56 479.15 23.38 64.47 July : 74.71 413.95 76.61 324.26 479.15 23.68 63.87 Major exporters 4/ : June : 1.98 26.50 0.70 8.60 15.10 12.00 2.08 July : 2.35 26.50 0.40 8.40 14.90 12.10 2.25 Argentina Jun : 0.56 17.50 0.00 4.30 6.10 11.50 0.46 Jul : 0.86 17.50 0.00 4.30 6.10 11.50 0.76 South Africa Jun : 1.42 9.00 0.70 4.30 9.00 0.50 1.62 Jul : 1.49 9.00 0.40 4.10 8.80 0.60 1.49 Major importers 5/ : June : 18.82 93.29 47.85 99.10 138.88 1.20 19.89 July : 18.59 93.04 47.85 99.10 138.88 1.20 19.41 Egypt Jun : 0.48 5.87 4.80 8.60 10.60 0.00 0.55 Jul : 0.48 5.87 4.80 8.60 10.60 0.00 0.55 EU-25 6/ Jun : 10.46 48.68 2.50 39.00 48.80 1.00 11.84 Jul : 10.24 48.43 2.50 39.00 48.80 1.00 11.36 Japan Jun : 1.03 0.00 16.20 11.90 16.40 0.00 0.83 Jul : 1.03 0.00 16.20 11.90 16.40 0.00 0.83 Mexico Jun : 2.71 21.30 7.50 13.20 28.80 0.00 2.71 Jul : 2.71 21.30 7.50 13.20 28.80 0.00 2.71 S.-east Asia 7/Jun : 1.94 17.33 3.55 15.10 20.75 0.20 1.87 Jul : 1.94 17.33 3.55 15.10 20.75 0.20 1.87 South Korea Jun : 1.43 0.07 8.70 6.80 8.80 0.00 1.40 Jul : 1.43 0.07 8.70 6.80 8.80 0.00 1.40 Selected other : Brazil Jun : 4.78 40.50 0.75 34.50 41.50 1.00 3.53 Jul : 4.19 40.50 0.75 34.50 41.50 1.00 2.94 Canada Jun : 1.77 9.00 2.80 9.00 12.00 0.20 1.37 Jul : 1.77 9.00 2.80 9.00 12.00 0.20 1.37 China Jun : 35.00 138.00 0.10 103.00 141.00 4.00 28.10 Jul : 35.00 138.00 0.10 103.00 141.00 4.00 28.10 Other Europe Jun : 3.76 19.81 0.31 16.19 20.28 1.60 2.00 Jul : 3.87 20.16 0.31 16.09 20.18 1.80 2.37 FSU-12 Jun : 1.76 13.88 0.45 10.94 12.33 2.03 1.73 Jul : 1.76 13.88 0.45 10.94 12.33 2.03 1.73 Ukraine Jun : 1.07 7.50 0.00 5.00 5.50 2.00 1.07 Jul : 1.07 7.50 0.00 5.00 5.50 2.00 1.07 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina and South Africa. 5/ Egypt, the EU-25, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-436-24 World Rice Supply and Use (Milled Basis) 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total 2/: : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2004/05 World 3/ : 85.29 400.49 26.27 407.80 28.22 77.98 United States : 0.76 7.46 0.42 3.93 3.50 1.21 Total foreign : 84.53 393.02 25.85 403.87 24.72 76.77 Major exporters 4/ : 17.34 128.13 0.32 110.82 19.78 15.19 India : 10.80 83.13 0.00 80.74 4.69 8.50 Pakistan : 0.54 4.92 0.00 2.60 2.64 0.21 Thailand : 1.71 17.36 0.00 9.48 7.27 2.31 Vietnam : 4.30 22.72 0.32 18.00 5.17 4.16 Major importers 5/ : 12.56 60.22 9.23 68.67 0.59 12.75 Brazil : 1.34 9.00 0.55 9.00 0.30 1.59 EU-25 6/ : 0.97 1.86 1.00 2.53 0.18 1.13 Indonesia : 4.02 34.83 0.50 35.85 0.05 3.45 Nigeria : 1.00 2.30 1.37 4.25 0.00 0.42 Philippines : 4.05 9.43 1.50 10.40 0.00 4.57 Sel. Mideast 7/ : 0.99 2.31 3.25 5.07 0.06 1.42 Selected other : Burma : 1.63 9.57 0.00 10.30 0.19 0.71 C. Amer & Carib 8/ : 0.11 0.07 0.42 0.48 0.00 0.13 China : 43.92 125.36 0.61 130.30 0.66 38.93 Egypt : 0.72 4.13 0.00 3.25 1.10 0.50 Japan : 1.70 7.94 0.78 8.30 0.20 1.92 Mexico : 0.18 0.20 0.55 0.75 0.00 0.17 South Korea : 0.85 5.00 0.19 4.86 0.27 0.91 : : 2005/06 (Estimated) World 3/ : 77.98 414.55 26.44 413.69 28.05 78.84 United States : 1.21 7.09 0.51 4.03 3.68 1.09 Total foreign : 76.77 407.46 25.93 409.65 24.36 77.75 Major exporters 4/ : 15.19 135.98 0.40 115.38 19.20 17.00 India : 8.50 89.88 0.00 85.02 3.80 9.56 Pakistan : 0.21 5.55 0.00 2.61 2.90 0.26 Thailand : 2.31 18.00 0.05 9.50 7.30 3.56 Vietnam : 4.16 22.56 0.35 18.25 5.20 3.62 Major importers 5/ : 12.75 59.81 10.64 69.64 0.49 13.08 Brazil : 1.59 7.80 0.60 9.15 0.25 0.59 EU-25 6/ : 1.13 1.71 0.98 2.55 0.18 1.09 Indonesia : 3.45 34.96 0.60 35.60 0.00 3.41 Nigeria : 0.42 2.70 1.80 4.35 0.00 0.57 Philippines : 4.57 9.80 1.90 11.00 0.00 5.27 Sel. Mideast 7/ : 1.42 2.38 3.65 5.39 0.06 2.00 Selected other : Burma : 0.71 10.44 0.00 10.40 0.20 0.55 C. Amer & Carib 8/ : 0.13 0.07 0.45 0.49 0.00 0.15 China : 38.93 126.40 0.70 128.00 0.80 37.23 Egypt : 0.50 4.13 0.00 3.28 1.00 0.36 Japan : 1.92 8.26 0.70 8.25 0.20 2.43 Mexico : 0.17 0.18 0.60 0.78 0.00 0.18 South Korea : 0.91 4.77 0.40 4.85 0.13 1.10 =============================================================================== 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 some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-25. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. WASDE-436-25 World Rice Supply and Use (Milled Basis) 1/ (Cont'd.) (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total 2/: : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2006/07 (Projected) World 3/ : June : 67.18 417.54 26.06 424.75 27.78 59.97 July : 78.84 418.28 25.98 418.05 27.83 79.07 United States : June : 1.09 6.51 0.57 4.12 3.27 0.78 July : 1.09 6.35 0.57 4.12 3.18 0.72 Total foreign : June : 66.10 411.03 25.49 420.63 24.51 59.19 July : 77.75 411.93 25.41 413.94 24.66 78.35 Major exporters 4/ : June : 16.83 137.55 0.40 117.71 19.30 17.77 July : 17.00 137.55 0.40 117.68 19.45 17.82 India Jun : 9.56 91.00 0.00 87.00 4.00 9.56 Jul : 9.56 91.00 0.00 87.00 4.00 9.56 Pakistan Jun : 0.08 5.20 0.00 2.64 2.35 0.29 Jul : 0.26 5.20 0.00 2.61 2.50 0.35 Thailand Jun : 3.56 18.35 0.10 9.57 8.25 4.19 Jul : 3.56 18.35 0.10 9.57 8.25 4.19 Vietnam Jun : 3.62 23.00 0.30 18.50 4.70 3.72 Jul : 3.62 23.00 0.30 18.50 4.70 3.72 Major importers 5/ : June : 12.88 60.85 9.79 70.55 0.38 12.60 July : 13.08 60.85 9.79 70.30 0.38 13.05 Brazil Jun : 0.59 8.50 0.60 9.25 0.15 0.29 Jul : 0.59 8.50 0.60 9.25 0.15 0.29 EU-25 6/ Jun : 1.09 1.78 0.98 2.60 0.18 1.07 Jul : 1.09 1.78 0.98 2.60 0.18 1.07 Indonesia Jun : 3.41 35.09 0.60 35.65 0.00 3.45 Jul : 3.41 35.09 0.60 35.65 0.00 3.45 Nigeria Jun : 0.57 2.80 1.70 4.45 0.00 0.62 Jul : 0.57 2.80 1.70 4.45 0.00 0.62 Philippines Jun : 5.17 9.75 1.75 11.50 0.00 5.17 Jul : 5.27 9.75 1.75 11.25 0.00 5.52 Sel. Mideast 7/Jun : 1.90 2.44 3.10 5.49 0.05 1.90 Jul : 2.00 2.44 3.10 5.49 0.05 2.00 Selected other : Burma Jun : 0.55 10.70 0.00 10.50 0.25 0.50 Jul : 0.55 10.70 0.00 10.50 0.25 0.50 C. Am & Car. 8/Jun : 0.10 0.07 0.42 0.50 0.00 0.09 Jul : 0.15 0.07 0.45 0.50 0.00 0.17 China Jun : 26.14 128.00 0.80 135.30 0.80 18.84 Jul : 37.23 128.00 0.80 127.80 0.80 37.43 Egypt Jun : 0.36 4.14 0.00 3.30 0.80 0.40 Jul : 0.36 4.14 0.00 3.30 0.80 0.40 Japan Jun : 2.43 7.94 0.65 8.20 0.20 2.62 Jul : 2.43 7.94 0.65 8.20 0.20 2.62 Mexico Jun : 0.18 0.18 0.60 0.80 0.00 0.16 Jul : 0.18 0.18 0.60 0.80 0.00 0.16 South Korea Jun : 1.10 4.70 0.27 4.84 0.10 1.12 Jul : 1.10 4.70 0.27 4.84 0.10 1.12 =============================================================================== 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, Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, the EU-25. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. WASDE-436-26 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2004/05 : World : 43.04 120.31 33.33 108.81 34.99 -1.09 53.98 United States : 3.45 23.25 0.03 6.69 14.41 0.14 5.50 Total foreign : 39.59 97.06 33.30 102.12 20.58 -1.23 48.49 Major exporters 4/ : 14.69 45.77 1.89 23.50 16.64 -0.19 22.39 Central Asia 5/ : 1.71 8.01 3/ 1.51 5.90 0.00 2.32 Afr. Fr. Zone 6/ : 1.30 5.01 3/ 0.20 4.13 0.00 1.97 S. Hemis. 7/ : 6.44 10.34 0.45 5.26 4.23 -0.20 7.93 Australia : 0.89 3.00 3/ 0.07 2.00 -0.12 1.95 Brazil : 4.63 5.90 0.21 4.20 1.56 -0.10 5.08 India : 4.19 19.00 1.04 14.80 0.66 0.00 8.76 Major importers 8/ : 23.01 47.42 28.64 73.87 2.59 -1.06 23.68 Mexico : 1.14 0.63 1.81 2.10 0.14 0.03 1.32 China : 14.96 29.00 6.39 38.50 0.03 -1.25 13.06 EU-25 9/ : 0.96 2.31 3.06 3.47 1.66 0.06 1.14 Russia : 0.20 3/ 1.45 1.43 0.00 0.00 0.22 Turkey : 1.48 4.15 3.41 7.10 0.15 0.00 1.79 Pakistan : 2.03 11.14 1.70 10.75 0.56 0.03 3.54 Indonesia : 0.37 0.03 2.20 2.15 0.02 0.05 0.38 Thailand : 0.42 0.06 2.28 2.10 0.00 0.03 0.63 Bangladesh : 0.35 0.06 1.85 1.88 0.00 0.01 0.38 : : 2005/06 (Estimated) : World : 53.98 114.12 43.75 116.76 43.31 -1.23 53.01 United States : 5.50 23.89 0.03 5.95 17.00 -0.03 6.50 Total foreign : 48.49 90.24 43.72 110.81 26.31 -1.19 46.51 Major exporters 4/ : 22.39 43.75 1.41 24.49 21.65 -0.09 21.49 Central Asia 5/ : 2.32 8.49 3/ 1.46 6.96 0.00 2.39 Afr. Fr. Zone 6/ : 1.97 4.24 3/ 0.19 4.47 0.00 1.55 S. Hemis. 7/ : 7.93 9.02 0.48 5.26 6.00 -0.10 6.29 Australia : 1.95 2.80 3/ 0.06 3.10 -0.12 1.72 Brazil : 5.08 4.70 0.20 4.15 2.05 0.00 3.78 India : 8.76 19.00 0.40 15.80 2.50 0.00 9.86 Major importers 8/ : 23.68 42.93 39.92 81.82 2.97 -1.11 22.84 Mexico : 1.32 0.64 1.60 2.00 0.35 0.03 1.18 China : 13.06 26.20 19.00 46.50 0.03 -1.30 13.04 EU-25 9/ : 1.14 2.49 2.39 2.82 1.94 0.06 1.20 Russia : 0.22 3/ 1.50 1.50 0.00 0.00 0.22 Turkey : 1.79 3.55 3.45 6.90 0.20 0.00 1.69 Pakistan : 3.54 9.85 1.85 11.75 0.33 0.03 3.14 Indonesia : 0.38 0.03 2.20 2.18 0.02 0.05 0.37 Thailand : 0.63 0.05 1.90 2.05 0.00 0.03 0.51 Bangladesh : 0.38 0.07 2.05 2.08 0.00 0.01 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/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, South Korea, Taiwan, and Vietnam. 9/ Includes intra-EU trade. WASDE-436-27 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2006/07 (Projected) World : June : 53.04 114.64 44.04 122.46 43.53 -1.36 47.09 July : 53.01 114.36 43.89 121.75 43.42 -1.36 47.45 United States : June : 6.60 20.70 0.03 5.60 16.80 0.03 4.90 July : 6.50 20.50 0.03 5.50 16.60 0.03 4.90 Total foreign : June : 46.44 93.94 44.01 116.86 26.73 -1.39 42.19 July : 46.51 93.86 43.86 116.25 26.82 -1.39 42.55 Major exporters 4/ : June : 21.38 45.31 1.83 25.69 22.19 -0.09 20.73 July : 21.49 45.21 1.83 25.44 22.27 -0.09 20.91 Central Asia 5/Jun : 2.39 7.93 3/ 1.40 6.81 0.00 2.11 Jul : 2.39 7.93 3/ 1.40 6.79 0.00 2.13 Afr. Fr. Zn. 6/Jun : 1.56 4.64 3/ 0.18 4.71 0.00 1.31 Jul : 1.55 4.64 3/ 0.18 4.71 0.00 1.30 S. Hemis 7/ Jun : 6.15 9.89 0.78 5.32 5.05 -0.10 6.56 Jul : 6.29 9.79 0.78 5.32 4.95 -0.10 6.69 Australia Jun : 1.62 2.70 3/ 0.06 2.80 -0.12 1.59 Jul : 1.72 2.60 3/ 0.06 2.70 -0.12 1.69 Brazil Jun : 3.73 5.50 0.50 4.20 1.50 0.00 4.03 Jul : 3.78 5.50 0.50 4.20 1.50 0.00 4.08 India Jun : 9.86 20.00 0.50 17.00 3.80 0.00 9.56 Jul : 9.86 20.00 0.50 16.75 4.00 0.00 9.61 Major importers 8/ : June : 22.87 45.07 39.79 86.72 2.85 -1.31 19.47 July : 22.84 45.07 39.68 86.41 2.85 -1.31 19.64 Mexico Jun : 1.18 0.64 1.20 1.90 0.30 0.03 0.79 Jul : 1.18 0.64 1.30 1.90 0.30 0.03 0.89 China Jun : 13.04 27.50 20.00 51.00 0.03 -1.50 11.01 Jul : 13.04 27.50 20.00 51.00 0.03 -1.50 11.01 EU-25 9/ Jun : 1.23 2.08 2.30 2.64 1.92 0.06 0.98 Jul : 1.20 2.08 2.20 2.53 1.92 0.06 0.97 Russia Jun : 0.22 3/ 1.50 1.50 0.00 0.00 0.22 Jul : 0.22 3/ 1.50 1.50 0.00 0.00 0.22 Turkey Jun : 1.69 4.15 2.55 6.70 0.20 0.00 1.49 Jul : 1.69 4.15 2.55 6.70 0.20 0.00 1.49 Pakistan Jun : 3.15 10.50 1.70 12.20 0.30 0.03 2.82 Jul : 3.14 10.50 1.80 12.20 0.30 0.03 2.92 Indonesia Jun : 0.37 0.03 2.20 2.18 0.02 0.05 0.35 Jul : 0.37 0.03 2.20 2.18 0.02 0.05 0.35 Thailand Jun : 0.51 0.05 2.15 2.20 0.00 0.03 0.49 Jul : 0.51 0.05 2.05 2.10 0.00 0.03 0.49 Bangladesh Jun : 0.42 0.07 2.15 2.20 0.00 0.01 0.44 Jul : 0.42 0.07 2.15 2.20 0.00 0.01 0.44 =============================================================================== 1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing channel; for Australia, Brazil, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Paraguay, South Africa, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan, South Korea, Taiwan, and Vietnam. 9/ Includes intra-EU trade. WASDE-436-28 World Soybean Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : : :stocks :Beginning:Produc-: : Domestic : : : stocks : tion :Imports: Crush : Total :Exports: =============================================================================== : : 2004/05 World 2/ : 37.90 215.95 63.72 175.76 205.37 64.79 47.41 United States : 3.06 85.01 0.15 46.16 51.25 30.01 6.96 Total foreign : 34.84 130.94 63.57 129.60 154.12 34.78 40.45 Major exporters 3/ : 30.29 96.05 1.24 57.57 62.15 32.30 33.14 Argentina : 14.70 39.00 0.69 27.31 28.84 9.31 16.24 Brazil : 15.51 53.00 0.53 29.25 32.10 20.14 16.81 Major importers 4/ : 3.62 19.55 51.93 53.34 68.53 0.42 6.15 China : 2.10 17.40 25.80 30.36 40.21 0.39 4.70 EU-25 : 0.90 0.79 14.61 14.00 15.40 0.01 0.88 Japan : 0.30 0.17 4.30 3.15 4.50 0.00 0.26 Mexico : 0.04 0.13 3.64 3.73 3.76 0.00 0.05 : : 2005/06 (Estimated) World 2/ : 47.41 219.49 64.65 182.65 212.66 65.47 53.43 United States : 6.96 84.00 0.11 46.81 51.62 24.63 14.82 Total foreign : 40.45 135.49 64.54 135.83 161.04 40.84 38.61 Major exporters 3/ : 33.14 99.50 0.92 59.05 63.53 38.05 31.98 Argentina : 16.24 40.50 0.70 30.40 32.03 10.10 15.32 Brazil : 16.81 55.00 0.20 27.50 30.14 25.30 16.57 Major importers 4/ : 6.15 19.50 52.94 56.95 72.79 0.43 5.36 China : 4.70 17.20 27.50 34.61 45.10 0.40 3.90 EU-25 : 0.88 0.86 14.15 13.68 15.00 0.01 0.89 Japan : 0.26 0.23 4.10 2.90 4.29 0.00 0.30 Mexico : 0.05 0.15 3.73 3.84 3.88 0.00 0.04 : : 2006/07 (Projected) World 2/ : June : 55.50 222.04 70.55 188.71 219.43 71.14 57.52 July : 53.43 220.18 70.01 189.62 219.97 70.63 53.01 United States : June : 15.50 83.82 0.11 47.63 51.95 29.67 17.82 July : 14.82 81.92 0.11 47.63 51.93 29.67 15.25 Total foreign : June : 40.00 138.22 70.44 141.08 167.48 41.48 39.71 July : 38.61 138.26 69.90 141.99 168.04 40.97 37.76 Major exporters 3/ : June : 32.98 102.00 1.30 60.00 64.46 38.45 33.37 July : 31.98 102.00 1.10 60.70 65.26 37.95 31.87 Argentina Jun : 16.22 41.30 0.84 30.50 32.14 9.75 16.47 Jul : 15.32 41.30 0.84 31.50 33.14 9.25 15.07 Brazil Jun : 16.68 56.00 0.45 28.30 30.92 25.40 16.81 Jul : 16.57 56.00 0.25 28.00 30.72 25.40 16.71 Major importers 4/ : June : 5.75 19.19 57.72 60.29 77.16 0.44 5.05 July : 5.36 19.29 57.33 60.50 76.93 0.44 4.61 China Jun : 3.90 16.90 31.50 37.85 48.70 0.40 3.20 Jul : 3.90 16.90 31.50 37.85 48.70 0.40 3.20 EU-25 Jun : 1.25 0.85 14.48 13.45 15.31 0.01 1.26 Jul : 0.89 0.95 14.18 13.75 15.16 0.01 0.85 Japan Jun : 0.30 0.20 4.10 2.90 4.32 0.00 0.28 Jul : 0.30 0.20 4.10 2.90 4.32 0.00 0.28 Mexico Jun : 0.04 0.16 3.86 3.98 4.02 0.00 0.04 Jul : 0.04 0.16 3.86 3.98 4.02 0.00 0.04 =============================================================================== 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and Paraguay. 4/ Japan, China, and EU-25, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). WASDE-436-29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2004/05 World 2/ : 5.66 138.50 45.32 136.12 46.54 6.83 United States : 0.19 36.94 0.13 30.45 6.66 0.16 Total foreign : 5.47 101.56 45.19 105.67 39.88 6.67 Major exporters 3/ : 3.25 47.95 0.19 10.50 36.59 4.30 Argentina : 1.43 21.53 0.00 0.50 20.50 1.97 Brazil : 1.78 22.42 0.19 8.70 14.24 1.45 India : 0.04 4.01 0.00 1.31 1.85 0.88 Major importers 4/ : 1.18 36.85 27.43 63.10 1.19 1.18 EU-25 : 0.85 11.01 21.72 32.21 0.53 0.85 China : 0.00 24.03 0.07 23.46 0.63 0.00 : : 2005/06 (Estimated) World 2/ : 6.83 143.14 48.66 143.59 48.86 6.17 United States : 0.16 36.75 0.15 30.30 6.53 0.23 Total foreign : 6.67 106.39 48.51 113.29 42.33 5.94 Major exporters 3/ : 4.30 49.20 0.15 11.16 38.85 3.63 Argentina : 1.97 23.68 0.00 0.61 23.10 1.94 Brazil : 1.45 21.19 0.15 9.13 12.35 1.31 India : 0.88 4.33 0.00 1.42 3.40 0.39 Major importers 4/ : 1.18 39.86 29.37 68.18 1.11 1.12 EU-25 : 0.85 10.76 22.46 32.49 0.72 0.86 China : 0.00 27.38 0.85 27.88 0.35 0.00 : : 2006/07 (Projected) World 2/ : June : 6.07 148.82 49.69 149.04 50.02 5.52 July : 6.17 148.88 49.72 149.18 50.01 5.59 United States : June : 0.23 37.82 0.15 30.94 7.03 0.23 July : 0.23 37.82 0.15 30.94 7.03 0.23 Total foreign : June : 5.84 111.00 49.54 118.11 42.99 5.29 July : 5.94 111.07 49.57 118.24 42.98 5.36 Major exporters 3/ : June : 3.50 50.56 0.19 11.63 39.45 3.16 July : 3.63 50.44 0.15 11.63 39.34 3.25 Argentina Jun : 1.79 23.95 0.00 0.75 23.25 1.73 Jul : 1.94 24.34 0.00 0.75 23.64 1.89 Brazil Jun : 1.33 22.22 0.19 9.36 13.00 1.37 Jul : 1.31 21.71 0.15 9.36 12.50 1.31 India Jun : 0.38 4.40 0.00 1.53 3.20 0.05 Jul : 0.39 4.40 0.00 1.53 3.20 0.05 Major importers 4/ : June : 1.15 42.41 29.65 71.05 1.09 1.08 July : 1.12 42.59 29.57 71.03 1.19 1.05 EU-25 Jun : 0.86 10.57 22.70 32.62 0.65 0.87 Jul : 0.86 10.82 22.55 32.62 0.75 0.86 China Jun : 0.00 29.95 0.70 30.25 0.40 0.00 Jul : 0.00 29.95 0.70 30.25 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/ China, EU-25, Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand), and Other Europe. WASDE-436-30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2004/05 World 2/ : 2.64 32.29 8.80 31.67 9.13 2.93 United States : 0.49 8.78 0.01 7.91 0.60 0.77 Total foreign : 2.15 23.51 8.79 23.76 8.53 2.15 Major exporters 3/ : 1.41 13.05 0.16 5.63 7.68 1.31 Argentina : 0.86 5.09 0.00 0.41 4.75 0.79 Brazil : 0.37 5.46 0.00 3.09 2.41 0.33 EU-25 : 0.18 2.51 0.16 2.14 0.51 0.20 Major importers 4/ : 0.44 6.32 3.82 9.91 0.05 0.63 China : 0.34 5.42 1.74 7.21 0.04 0.25 India : 0.10 0.90 2.02 2.63 0.01 0.38 Pakistan : 0.01 0.00 0.06 0.06 0.00 0.01 : : 2005/06 (Estimated) World 2/ : 2.93 33.80 9.05 33.44 9.28 3.06 United States : 0.77 9.13 0.02 8.14 0.49 1.29 Total foreign : 2.15 24.67 9.03 25.29 8.80 1.77 Major exporters 3/ : 1.31 13.31 0.47 6.08 7.85 1.15 Argentina : 0.79 5.74 0.00 0.43 5.40 0.70 Brazil : 0.33 5.12 0.02 3.10 2.10 0.26 EU-25 : 0.20 2.45 0.45 2.55 0.35 0.20 Major importers 4/ : 0.63 7.15 3.63 10.90 0.11 0.40 China : 0.25 6.17 1.90 8.02 0.10 0.20 India : 0.38 0.97 1.70 2.84 0.01 0.20 Pakistan : 0.01 0.01 0.03 0.04 0.00 0.00 : : 2006/07 (Projected) World 2/ : June : 3.10 34.64 9.48 35.07 9.61 2.54 July : 3.06 34.72 9.59 35.24 9.49 2.64 United States : June : 1.27 8.97 0.03 8.62 0.54 1.10 July : 1.29 8.97 0.03 8.62 0.54 1.12 Total foreign : June : 1.84 25.67 9.45 26.45 9.06 1.45 July : 1.77 25.75 9.57 26.62 8.94 1.52 Major exporters 3/ : June : 1.21 13.53 0.45 6.08 8.13 0.99 July : 1.15 13.62 0.62 6.33 8.01 1.06 Argentina Jun : 0.74 5.69 0.00 0.46 5.48 0.50 Jul : 0.70 5.95 0.00 0.46 5.60 0.60 Brazil Jun : 0.28 5.43 0.00 3.20 2.25 0.26 Jul : 0.26 5.21 0.02 3.12 2.11 0.26 EU-25 Jun : 0.20 2.41 0.45 2.42 0.40 0.23 Jul : 0.20 2.46 0.60 2.75 0.30 0.21 Major importers 4/ : June : 0.41 7.76 3.95 11.77 0.08 0.27 July : 0.40 7.76 3.90 11.71 0.08 0.27 China Jun : 0.20 6.76 2.20 8.86 0.08 0.22 Jul : 0.20 6.76 2.10 8.76 0.08 0.22 India Jun : 0.21 0.99 1.70 2.84 0.01 0.05 Jul : 0.20 0.99 1.75 2.88 0.01 0.05 Pakistan Jun : 0.00 0.01 0.05 0.06 0.00 0.00 Jul : 0.00 0.01 0.05 0.06 0.00 0.00 =============================================================================== 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and EU-25. 4/ India, China and Pakistan. WASDE-436-31 U.S. Quarterly Animal Product Production 1/ =============================================================================== Year : : : Red : : : Total : Red : : : and : : : meat : : :poultry :meat & : : : quarter : Beef : Pork : 2/ :Broiler:Turkey: 3/ :poultry: Egg : Milk : =============================================================================== : Million pounds Mil doz Bil lbs 2005 : III : 6560 5000 11643 8939 1375 10445 22088 1871 44.1 IV : 6209 5526 11822 8904 1405 10432 22254 1915 43.7 Annual : 24683 20685 45711 35365 5504 41386 87097 7504 177.0 : 2006 : I : 6078 5321 11486 8937 1354 10416 21902 1878 45.5 II : 6700 5000 11785 9100 1425 10655 22440 1885 47.0 III*: 7025 5200 12311 9000 1410 10540 22851 1910 44.8 IV*: 6300 5650 12042 8950 1445 10525 22567 1935 44.7 Annual : Jun Proj : 26053 21271 47675 36187 5634 42346 90021 7623 181.9 Jul Proj : 26103 21171 47624 35987 5634 42136 89760 7608 182.1 : 2007 : I*: 6330 5375 11796 9000 1375 10500 22296 1895 46.3 II*: 6800 5250 12139 9175 1445 10750 22889 1935 47.3 Annual : Jun Proj : 26755 21740 48854 36825 5730 43085 91939 7735 183.1 Jul Proj : 26755 21760 48874 36575 5730 42825 91699 7735 183.1 =============================================================================== * 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 2005 : III : 81.79 50.51 72.1 76.5 66.6 14.97 IV : 90.27 45.67 66.7 83.6 75.0 15.17 Annual : 87.28 50.05 70.8 73.4 65.5 15.14 : 2006 : I : 89.24 42.63 62.7 67.3 71.4 13.53 II : 80.39 48.45 61.0 71.3 62.7 12.07 III*: 76-80 47-49 66-68 75-79 66-68 11.90-12.30 IV*: 80-86 40-42 63-67 77-83 75-81 12.50-13.20 Annual : Jun Proj : 81-84 43-44 62-64 73-75 69-71 12.40-12.80 Jul Proj : 82-84 44-46 63-65 73-75 69-71 12.50-12.80 : 2007 : I*: 82-88 37-41 64-70 62-68 70-76 12.35-13.35 II*: 81-87 39-43 65-71 64-70 67-73 12.40-13.40 Annual : Jun Proj : 81-87 39-42 64-69 68-74 71-77 12.85-13.85 Jul Proj : 81-87 39-42 65-70 68-74 71-77 12.85-13.85 =============================================================================== *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/ Simple monthly average of prices received by farmers for all milk. May not match reported annual averages. WASDE-436-32 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 : 2005 : 637 24784 3599 29020 689 571 27760 65.5 2006 Proj. Jun : 571 26155 3458 30184 988 575 28621 66.9 Jul : 571 26205 3258 30034 1023 575 28436 66.5 2007 Proj. Jun : 575 26857 3340 30772 1345 575 28852 66.9 Jul : 575 26857 3340 30772 1385 575 28812 66.8 : PORK : 2005 : 543 20706 1024 22273 2660 494 19119 50.0 2006 Proj. Jun : 494 21291 1089 22874 3070 550 19254 49.9 Jul : 494 21191 1089 22774 3070 550 19154 49.6 2007 Proj. Jun : 550 21760 1110 23420 3235 550 19635 50.4 Jul : 550 21780 1110 23440 3235 550 19655 50.5 : TOTAL RED MEAT 5/ : 2005 : 1187 45846 4803 51836 3358 1080 47398 117.0 2006 Proj. Jun : 1080 47810 4734 53624 4071 1138 48415 118.4 Jul : 1080 47759 4530 53369 4107 1138 48124 117.7 2007 Proj. Jun : 1138 48989 4634 54761 4592 1139 49030 118.9 Jul : 1138 49009 4634 54781 4632 1139 49010 118.8 : BROILERS : 2005 : 713 34986 34 35733 5148 924 29662 85.9 2006 Proj. Jun : 924 35800 37 36760 5503 800 30457 87.4 Jul : 924 35602 40 36566 5503 750 30313 87.0 2007 Proj. Jun : 800 36431 36 37267 5595 770 30902 87.9 Jul : 750 36184 36 36970 5595 770 30605 87.0 : TURKEYS : 2005 : 288 5432 8 5728 569 206 4953 16.7 2006 Proj. Jun : 206 5560 8 5774 574 250 4950 16.5 Jul : 206 5560 9 5775 554 250 4971 16.6 2007 Proj. Jun : 250 5655 4 5909 595 280 5034 16.7 Jul : 250 5655 4 5909 595 280 5034 16.7 : TOTAL POULTRY 6/ : 2005 : 1005 40935 42 41981 5847 1132 35002 103.9 2006 Proj. Jun : 1132 41885 46 43062 6215 1052 35795 105.2 Jul : 1132 41677 51 42859 6195 1005 35659 104.8 2007 Proj. Jun : 1052 42615 41 43708 6320 1052 36336 105.9 Jul : 1005 42358 41 43404 6320 1052 36032 105.0 : RED MEAT & POULTRY: 2005 : 2192 86781 4845 93818 9205 2212 82401 220.9 2006 Proj. Jun : 2212 89694 4780 96686 10286 2190 84210 223.6 Jul : 2212 89435 4581 96228 10302 2143 83783 222.5 2007 Proj. Jun : 2190 91604 4675 98469 10912 2191 85366 224.7 Jul : 2143 91367 4675 98185 10952 2191 85042 223.8 ============================================================================ 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-436-33 U.S. Egg Supply and Use =============================================================================== : : : 2006 Projected : 2007 Projected : : :-----------------:----------------- Commodity : 2004 : 2005 : Jun : Jul : Jun : Jul =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 13.7 14.5 16.0 16.0 18.0 18.0 Production : 7440.0 7503.6 7623.0 7608.0 7735.0 7735.0 Imports : 12.7 8.6 6.8 7.0 6.8 6.8 Total supply : 7466.4 7526.7 7645.8 7631.0 7759.8 7759.8 : Use : Exports : 167.5 205.9 172.0 171.0 179.0 179.0 Hatching use : 988.1 999.8 1004.0 996.0 1010.0 990.0 Ending stocks : 14.5 16.0 18.0 18.0 18.0 18.0 Consumption : Total : 6296.3 6305.1 6451.8 6446.0 6552.8 6572.8 Per capita (number) : 257.1 255.1 258.6 258.4 260.3 261.1 =============================================================================== U.S. Milk Supply and Use =============================================================================== : : : 2006 Projected : 2007 Projected Commodity : : :-----------------:----------------- : 2004 : 2005 : Jun : Jul : Jun : Jul =============================================================================== : Billion pounds Milk : Production : 170.9 177.0 181.9 182.1 183.1 183.1 Farm use : 1.1 1.1 1.1 1.1 1.0 1.0 : Fat Basis Supply : Beg. commercial stocks : 8.3 7.2 8.0 8.0 8.2 8.2 Marketings : 169.8 175.9 180.8 181.0 182.1 182.1 Imports : 5.3 4.6 4.4 4.4 5.1 5.1 Total cml. supply : 183.4 187.7 193.3 193.4 195.4 195.4 : Fat Basis Use : Ending commercial stks : 7.2 8.0 8.2 8.2 7.9 7.9 CCC net removals 1/ : -0.1 -0.0 0.0 0.0 0.0 0.0 Commercial use 2/ : 176.4 179.7 185.0 185.2 187.5 187.5 : Skim-solids Basis Supply : Beg. commercial stocks : 8.5 8.2 9.0 9.0 9.0 9.0 Marketings : 169.8 175.9 180.8 181.0 182.1 182.1 Imports : 4.8 4.5 4.7 4.7 5.7 5.7 Total cml. supply : 183.1 188.6 194.5 194.6 196.8 196.8 : Skim-solids Basis Use : Ending commercial stks : 8.2 9.0 9.0 9.0 8.8 8.8 CCC net removals 1/ : 1.3 -1.0 1.3 1.2 2.3 2.3 Commercial use 2/ : 173.7 180.6 184.2 184.4 185.7 185.7 : : Million pounds CCC product net removals 1/: Butter : -7 0 0 0 0 0 Cheese : 6 -2 0 0 0 0 Nonfat dry milk : 105 -81 110 105 195 195 Dry whole milk : 0 0 0 0 0 0 =============================================================================== Note: Totals may not add due to rounding. 1/ Includes products exported under the Dairy Export Incentive Program. 2/ Includes commercial exports. WASDE-436-34 U.S. Dairy Prices =============================================================================== : : : 2006 Projected : 2007 Projected : : :-----------------:------------------ Commodity : 2004 : 2005 : Jun : Jul : Jun : Jul =============================================================================== : Dollars per pound : Product Prices 1/ : Cheese : 1.6431 1.4875 1.215- 1.215- 1.295- 1.295- : 1.255 1.245 1.395 1.395 : Butter : 1.8239 1.5405 1.155- 1.155- 1.215- 1.215- : 1.225 1.215 1.345 1.345 : Nonfat dry milk : 0.8405 0.9409 0.840- 0.840- 0.815- 0.815- : 0.880 0.870 0.885 0.885 : Dry whey : 0.2319 0.2782 0.270- 0.295- 0.240- 0.245- : 0.290 0.315 0.270 0.275 : : Dollars per cwt Milk Prices 2/ : Class III : 15.39 14.05 11.30- 11.40- 11.90- 11.95- : 11.70 11.70 12.90 12.95 : Class IV : 13.20 12.87 10.45- 10.45- 10.45- 10.45- : 10.95 10.85 11.55 11.55 : All milk 3/ : 16.05 15.14 12.40- 12.50- 12.85- 12.85- : 12.80 12.80 13.85 13.85 : =============================================================================== 1/ Simple average of monthly prices calculated by AMS from NASS weekly average dairy product prices for class price computations. Details may be found at http://www.ams.usda.gov/dyfmos/mib/fedordprc_dscrp.htm. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test. 3/ Does not reflect any deductions from producers as authorized by legislation. WASDE-436-35 Note: Tables on pages 35-37 present a 25-year record of the differences between the July projection and the final estimate. Using world wheat production as an example, changes between the July projection and the final estimate have averaged 13.9 million tons (2.6%) ranging from -34.6 to 23.7 million tons. The July projection has been below the estimate 15 times and above 10 times. Reliability of July Projections =============================================================================== :Differences between proj. & final estimate,1981/82-2005/06 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== WHEAT :Percent Million metric tons Number of years 2/ Production : World : 2.6 13.9 -34.6 23.7 15 10 U.S. : 2.9 1.8 -6.2 5.4 10 15 Foreign : 2.8 13.5 -32.0 21.1 15 10 Exports : World : 4.5 5.1 -14.5 11.3 15 10 U.S. : 8.3 2.7 -10.0 7.8 15 10 Foreign : 5.2 4.3 -10.8 7.1 16 9 Domestic use : World : 1.8 9.4 -25.7 17.4 16 9 U.S. : 5.7 1.8 -5.0 3.6 12 13 Foreign : 1.7 8.5 -22.4 15.9 17 8 Ending stocks : World : 9.2 11.9 -26.0 27.0 16 9 U.S. : 14.6 3.3 -10.2 13.9 13 12 Foreign : 9.6 9.9 -25.0 13.8 16 9 : COARSE GRAINS 3/ : Production : World : 2.5 21.3 -68.4 53.6 12 13 U.S. : 7.2 15.7 -32.6 57.7 11 14 Foreign : 2.1 12.7 -37.9 28.2 11 14 Exports : World : 5.8 6.1 -11.1 17.8 16 9 U.S. : 14.8 7.8 -20.9 15.0 9 16 Foreign : 13.2 6.9 -19.7 14.2 14 11 Domestic use : World : 1.5 12.5 -20.4 26.7 12 13 U.S. : 3.8 7.0 -14.5 22.2 18 7 Foreign : 1.5 9.9 -11.6 30.5 13 12 Ending stocks : World : 14.3 19.0 -60.2 41.0 15 10 U.S. : 30.7 15.1 -50.5 39.5 9 16 Foreign : 12.7 10.5 -27.0 9.9 18 7 : RICE, milled : Production : World : 2.1 7.2 -24.0 14.2 17 8 U.S. : 4.1 0.2 -0.5 0.4 14 9 Foreign : 2.1 7.2 -24.3 14.3 17 8 Exports : World : 7.9 1.6 -6.7 0.9 17 8 U.S. : 8.1 0.2 -1.0 0.7 13 10 Foreign : 8.7 1.5 -6.5 0.7 17 8 Domestic use : World : 1.6 5.5 -22.4 22.9 17 8 U.S. : 6.8 0.2 -0.4 0.5 11 14 Foreign : 1.6 5.5 -22.9 22.8 17 8 Ending stocks : World : 10.5 4.4 -15.6 8.0 20 5 U.S. : 23.3 0.3 -0.5 1.0 14 10 Foreign : 11.3 4.5 -16.5 8.4 20 5 =============================================================================== 1/ Footnotes at end of table. CONTINUED WASDE-436-36 Reliability of July Projections (Continued) =============================================================================== :Differences between proj. & final estimate,1981/82-2005/06 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== SOYBEANS 4/ :Percent Million metric tons Number of years 2/ Production : World : 3.8 5.1 -11.9 18.0 12 13 U.S. : 6.1 3.8 -9.8 11.7 12 13 Foreign : 6.6 4.8 -10.3 13.7 13 12 Exports : World : 6.8 2.6 -10.7 8.5 15 10 U.S. : 11.3 2.4 -6.0 6.4 14 11 Foreign : 18.4 2.5 -9.9 6.0 13 12 Domestic use : World : 3.6 4.7 -9.9 12.5 15 10 U.S. : 4.5 1.8 -4.4 4.5 16 9 Foreign : 4.2 3.9 -8.8 8.3 15 10 Ending stocks : World : 12.5 2.7 -8.2 4.9 16 9 U.S. : 43.3 3.0 -9.8 8.2 9 16 Foreign : 17.6 2.9 -9.8 5.0 16 9 : COTTON : Million 480-pound bales Production : World : 4.3 3.8 -14.9 10.3 16 9 U.S. : 9.2 1.6 -5.2 3.6 16 9 Foreign : 4.2 3.0 -12.1 10.5 13 11 Exports : World : 5.3 1.4 -5.0 2.7 14 11 U.S. : 17.6 1.1 -2.3 2.8 17 8 Foreign : 6.5 1.2 -3.4 2.0 10 15 Mill use : World : 2.8 2.5 -7.9 3.4 12 13 U.S. : 7.3 0.6 -1.4 1.3 14 10 Foreign : 2.9 2.4 -7.4 4.0 12 13 Ending stocks : World : 14.9 5.4 -14.3 15.3 17 8 U.S. : 31.7 1.4 -3.4 2.4 11 14 Foreign : 14.6 4.7 -13.9 12.9 18 7 =============================================================================== 1/ Final estimate for 1981/82-2004/05 is defined as the first November estimate following the marketing year and for 2005/06 last month's estimate. 2/ May not total 25 if projection was the same as final estimate. 3/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain. 4/ Global soybean supply and use projections were initially released in June 2004. Therefore, an insufficient number of observations are available to provide meaningful reliability statistics for global soybean supply and use. WASDE-436-37 Reliability of United States July Projections 1/ =============================================================================== :Differences between proj. & final estimate,1981/82-2005/06 2/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== CORN :Percent Million bushels Number of years 3/ Production : 7.8 567 -1172 2034 14 11 Exports : 16.0 288 -775 546 10 15 Domestic use : 4.3 268 -558 770 18 7 Ending stocks : 36.2 537 -1840 1343 10 15 : SORGHUM : Production : 13.5 80 -213 176 13 12 Exports : 17.1 39 -115 97 12 13 Domestic use : 14.9 55 -139 113 11 14 Ending stocks : 51.2 63 -174 157 9 16 : BARLEY : Production : 6.7 26 -87 62 8 16 Exports : 32.6 18 -92 43 16 8 Domestic use : 9.4 32 -47 87 11 14 Ending stocks : 19.9 34 -50 114 9 16 : OATS : Production : 10.4 27 -39 144 4 20 Exports : 66.4 2 -5 8 7 10 Domestic use : 5.6 19 -39 67 9 15 Ending stocks : 14.6 17 -33 68 9 16 : : Thousand short tons SOYBEAN MEAL : Production : 4.3 1304 -3271 4432 17 8 Exports : 13.8 877 -2450 1764 12 13 Domestic use : 4.0 898 -1550 4470 13 12 Ending stocks : 28.9 68 -204 413 8 15 : : Million pounds SOYBEAN OIL : Production : 4.3 623 -1753 1553 16 9 Exports : 24.6 376 -1550 1219 14 11 Domestic use : 2.8 360 -985 758 16 8 Ending stocks : 36.3 535 -1123 1568 11 14 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 1.3 311 -514 694 15 9 Pork : 0.9 150 -277 436 13 11 Broilers : 0.7 165 -301 469 15 9 Turkeys : 1.2 50 -134 101 17 7 : : Million dozen Eggs : 0.8 47 -48 115 17 7 : : Billion pounds Milk : 0.8 1.1 -3.6 3.9 13 11 =============================================================================== 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. 2/ Final estimate for 1981/82-2004/05 is defined as the first November estimate following the marketing year and for 2005/06 last month's estimate. 3/ May not total 25 for crops and 24 for animal production if projection was the same as the final estimate. 4/ Calendar years 1982 thru 2005 for meats, eggs, and milk. Final for animal products is defined as latest annual production estimate published by NASS. ----- End of File -----