ISSN:1554-9089 WASDE-437 August 11, 2006 WHEAT: Projected U.S. 2006/07 wheat supplies are lowered slightly from last month, due to lower forecast production. Total wheat production is down 5 million bushels, primarily due to lower durum yields. The projected all-wheat, season-average price range is increased 20 cents on both ends to $3.90 to $4.50 per bushel. Most of the increase in projected price is due to tightening foreign competitor supplies. The 2006/07 global wheat outlook includes lower production, consumption, and ending stocks, compared with last month. Hot, dry weather reduced wheat production for major exporters EU-25, Canada, and Argentina, while favorable growing weather raised production for Russia and Ukraine. Consumption is lowered for EU-25, Russia, and Ukraine, as higher wheat prices shift feeding towards barley. Exports are decreased for EU-25 and Argentina and increased for Russia and Ukraine. Global ending stocks are reduced 4 percent from last month. COARSE GRAINS: The 2006/07 U.S. outlook for corn includes higher production, feed and residual use, and stocks, compared with last month. USDA's first survey- based forecast for 2006 corn production is 10.98 billion bushels, up 236 million from last month's projection. Projected corn feed and residual use is increased 75 million bushels. Ending stocks are increased 155 million bushels. The projected price range is decreased 10 cents on each end to $2.15 to $2.55 per bushel. Forecast 2006 sorghum production is down sharply from last month's projection, trimming domestic use and exports. The projected 2006/07 price range for sorghum is decreased 10 cents on each end to $1.95 to $2.35 per bushel to reflect the overall increase in feed supplies. The 2006/07 global coarse grains outlook includes slightly lower supplies from last month. Increased production for U.S. corn and Ukraine barley only partially offsets smaller EU-25 corn and EU-25 and Canada barley crops. Exports of barley are increased for Ukraine and decreased for EU- 25. Global coarse grain ending stocks are down slightly. RICE: USDA's first survey-based forecast of the 2006/07 U.S. rice crop is 197.2 million cwt, down almost 3 million cwt from last month's projection, and down 26 million cwt from 2005/06. Average yield is forecast at 6,813 pounds per acre, down 95 pounds per acre from last month. Long- grain production is forecast at 147.9 million cwt, down 6.1 million cwt from last month, while combined medium- and short-grain production is forecast at 49.3 million cwt, 3.3 million cwt above last month. U.S. 2006/07 exports are projected at 97 million cwt, down 3 million cwt from last month. Domestic and residual use is nearly unchanged from a month ago. Ending stocks are projected at 22.7 million cwt, down slightly from last month. The season- average farm price is projected at $9.25 to $9.75, up 10 cents per cwt on each end from last month. Projected global 2006/07 production is lowered, consumption is raised, and trade and ending stocks are nearly unchanged from a month ago. World 2006/07 rice production is projected at a record 417.8 million tons, 0.5 million tons below last month. The decline in the world rice crop is due primarily to reduced production in Vietnam, North Korea, and the United States, which is partially offset by an increase for Thailand. World 2006/07 ending stocks are projected at 79 million tons, nearly the same as last month. OILSEEDS: U.S. oilseed production for 2006/07 is projected at 89.2 million tons, down 2.6 million tons from last month mainly due to reduced soybean and peanut production. Soybean yield prospects are reduced due to dry weather in the western Corn Belt and Plains. Soybean yields are forecast at 39.6 bushels per acre, 1.1 bushels below last month's trend yield projection, and 3.7 bushels below last year's record yield. The first survey-based forecast of U.S. soybean production is 2.93 billion bushels, 82 million bushels below the July forecast and 158 million bushels below last year's crop. Despite lower forecast production, exports and crush are unchanged. Lower production and reduced carryin leave ending stocks at 450 million bushels, down 110 million from last month. Soybean oil ending stocks are reduced this month, reflecting increased domestic soybean oil disappearance. Recently released Census Bureau data indicate biodiesel production continues to expand rapidly. The U.S. season-average soybean price for 2006/07 is projected at $5.00 to $6.00 per bushel, unchanged from last month. The soybean meal price is projected at $155 to $185 per short ton, also unchanged. Soybean oil prices are projected higher this month at 23 to 27 cents per pound, up 0.5 cents on both ends of the range. Global oilseed production for 2006/07 is projected at 383.2 million tons, down 3.5 million tons from last month, and down 6.5 million tons from 2005/06. Reduced U.S. oilseed production accounts for most of the decline. This would be the first year-to-year production decline since 1995/96. Foreign oilseed production is projected at 294 million tons, down 0.9 million tons from last month. Soybean production is reduced for China based on lower harvested area. Rapeseed production is reduced due to lower yields in both China and EU-25. Other changes include increased sunflowerseed production in Russia, reduced peanut production in China, and increased cottonseed production in India. Global production of high oil-content seeds (sunflowerseed and rapeseed) is projected to decline 4 percent from 2005/06. U.S. changes for 2005/06 include higher soybean exports and crush. Exports are raised 25 million bushels, reflecting seasonally strong exports, particularly to Taiwan. Crush is raised 5 million bushels based on higher projected meal exports. With higher use, carryover drops 30 million bushels to 515 million bushels. The season- average soybean price is raised 5 cents per bushel, to $5.70 per bushel. The season-average soybean oil price is raised 0.25 cents per pound to 23.75 cents per pound. SUGAR: Projected 2006/07 U.S. sugar supply is increased 630,000 tons, raw value, from last month, due to higher beginning stocks and imports. Imports are increased 480,000 tons based on increased tariff rate quota (TRQ) imports; high-tier imports are reduced 50,000 tons. The TRQ increase is based on USDA's July 27, 2006, announcement of sugar program provisions. Sugar use is unchanged. For 2005/06, total supply is increased 150,000 tons. Production is reduced 31,000 tons based on processor estimates compiled by the Farm Service Agency. Additional imports under the TRQ are increased 105,000 tons, comprising 70,000 tons of the announced global refined sugar TRQ, 25,000 tons of the 2006/07 raw sugar TRQ, and 10,000 tons of specialty sugar. High-tier sugar imports are increased 75,000 tons, as most of the increase has already entered. Sugar 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 policies currently in place among U.S. trading partners. U.S. beef exports to South Korea are not forecast pending implementation of import regulations by South Korea. The forecast for total U.S. meat production is reduced for both 2006 and 2007. Pork production in 2006 is forecast lower in the third quarter due to lower-than-expected slaughter in July and August. In 2007, production is reduced because of lower forecast imports of hogs from Canada. Beef production is raised as price premiums for Choice grade beef encourage fed cattle to be marketed at heavier weights. Although the pace of placements in feedlots reflect poor forage conditions, cattle are remaining in feedlots longer. USDA's July 21 Cattle report indicated that cattle inventory is expanding quite slowly. Poultry production is raised, reflecting reported second-quarter slaughter but subsequent quarter forecasts are unchanged. The rate of growth in egg production is reduced from last month. Beef export forecasts for 2006 are raised from last month. Exports to Canada and Mexico are strong and forecasts for the third quarter are raised to reflect expectations of continued large sales. Beef exports to Japan resumed the first week of August, but prior forecasts had assumed exports would resume in the third quarter. Export recovery to Japan is expected to be gradual. Pork exports in 2006 and 2007 are reduced because the pace of shipments is expected to slow. The cattle price forecast for 2006 is higher than last month as prices in the third quarter are raised. Price forecasts for hogs and broilers are also raised slightly for 2006. Continued strong demand is expected to support hog prices in the third quarter. Forecast supplies of broilers are increasing slowly, which will support higher broiler prices. The milk production forecast for 2006 is reduced from last month, but the 2007 forecast is unchanged. Recent unusually high temperatures in many milk producing regions have resulted in lower milk yield, and forecast milk per cow is reduced in the third quarter. In the face of lower supplies and relatively robust demand for dairy products, forecast Class III and Class IV prices, and the all milk price are increased. Higher forecast prices for nonfat dry milk (NDM) are expected to reduce incentives to offer NDM to the CCC. Thus, CCC net removals are reduced for both 2006 and 2007. The all milk price for 2006 is increased to $12.60 to $12.80, and 2007 is raised to $12.90 to $13.90 per cwt. COTTON: This month's U.S. cotton estimates for 2006/07 include lower beginning stocks, production, exports, and ending stocks. Beginning stocks are reduced 600,000 bales. USDA's first survey-based production estimate is 20.4 million bales, marginally below last month's projection. Forecast domestic mill use is unchanged. The export estimate is lowered 2 percent due to lower supplies and increased foreign competition. Ending stocks are reduced to 4.7 million bales, down 200,000 bales from last month. With higher production in India and Greece, revisions to the world 2006/07 balance sheet result in higher ending stocks compared with last month. Beginning stocks are reduced in the United States and India, but raised in China, Australia, Mexico, and Pakistan; these adjustments, which are mainly due to trade adjustments for 2005/06, reduce world beginning stocks by about 500,000 bales. India's production is raised 1.0 million bales from last month, as favorable monsoon rains are expected to boost both area and yield. World consumption and trade are virtually unchanged. The lower U.S. export forecast is nearly offset by higher exports from India and Greece. World ending stocks are raised nearly 2 percent from last month. The U.S. estimates for 2005/06 include record exports of 17.55 million bales, an increase of 550,000 bales from last month due to larger than anticipated exports in the final weeks of the marketing year. 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: MIKE JOHANNS 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. 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WASDE-437-8 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 : 2,043.39 2,401.13 240.83 1,993.62 407.52 2005/06 (Est.) : 2,007.93 2,415.45 244.07 2,022.29 393.16 2006/07 (Proj.) : July : 1,993.72 2,385.52 241.32 2,044.57 340.95 August : 1,985.70 2,378.86 241.22 2,044.01 334.85 Wheat : 2004/05 : 628.85 761.58 110.98 610.14 151.44 2005/06 (Est.) : 618.46 769.90 114.81 624.21 145.69 2006/07 (Proj.) : July : 605.21 750.25 109.81 617.05 133.20 August : 598.00 743.69 110.11 615.27 128.42 Coarse grains 4/ : 2004/05 : 1,014.05 1,153.77 101.64 975.67 178.10 2005/06 (Est.) : 973.69 1,151.79 101.17 984.18 167.61 2006/07 (Proj.) : July : 970.22 1,138.15 103.68 1,009.47 128.68 August : 969.89 1,137.50 103.07 1,010.04 127.46 Rice, milled : 2004/05 : 400.49 485.78 28.22 407.80 77.98 2005/06 (Est.) : 415.78 493.76 28.09 413.90 79.86 2006/07 (Proj.) : July : 418.28 497.12 27.83 418.05 79.07 August : 417.81 497.66 28.04 418.69 78.97 : : United States Total grains 3/ : 2004/05 : 385.62 434.59 83.91 275.97 74.71 2005/06 (Est.) : 363.12 442.72 90.11 279.28 73.34 2006/07 (Proj.) : July : 343.13 422.42 87.45 290.93 44.04 August : 347.34 426.63 86.85 292.00 47.79 Wheat : 2004/05 : 58.74 75.53 29.01 31.82 14.70 2005/06 (Est.) : 57.28 74.20 27.47 31.28 15.45 2006/07 (Proj.) : July : 49.14 67.45 24.49 31.03 11.93 August : 49.03 67.34 24.49 31.03 11.82 Coarse grains 4/ : 2004/05 : 319.42 350.42 51.41 240.22 58.80 2005/06 (Est.) : 298.74 359.66 58.91 243.96 56.79 2006/07 (Proj.) : July : 287.64 346.96 59.78 255.79 31.39 August : 292.05 351.38 59.27 256.86 35.25 Rice, milled : 2004/05 : 7.46 8.64 3.50 3.94 1.21 2005/06 (Est.) : 7.11 8.86 3.73 4.04 1.09 2006/07 (Proj.) : July : 6.35 8.01 3.18 4.12 0.72 August : 6.26 7.91 3.08 4.11 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-437-9 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 : 1,657.77 1,966.54 156.92 1,717.64 332.80 2005/06 (Est.) : 1,644.81 1,972.72 153.97 1,743.00 319.83 2006/07 (Proj.) : July : 1,650.58 1,963.09 153.88 1,753.64 296.90 August : 1,638.36 1,952.23 154.37 1,752.01 287.06 Wheat : 2004/05 : 570.12 686.05 81.97 578.32 136.74 2005/06 (Est.) : 561.18 695.70 87.35 592.92 130.24 2006/07 (Proj.) : July : 556.07 682.80 85.32 586.02 121.27 August : 548.98 676.36 85.61 584.25 116.60 Coarse grains 5/ : 2004/05 : 694.63 803.34 50.23 735.45 119.30 2005/06 (Est.) : 674.96 792.13 42.26 740.22 110.82 2006/07 (Proj.) : July : 682.58 791.19 43.90 753.68 97.29 August : 677.84 786.12 43.80 753.18 92.21 Rice, milled : 2004/05 : 393.02 477.14 24.72 403.87 76.77 2005/06 (Est.) : 408.67 484.90 24.36 409.86 78.76 2006/07 (Proj.) : July : 411.93 489.11 24.66 413.94 78.35 August : 411.54 489.75 24.96 414.58 78.25 =============================================================================== 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 35.02 108.81 53.98 2005/06 (Est.) : 114.29 168.27 44.41 116.71 52.49 2006/07 (Proj.) : July : 114.36 167.37 43.42 121.75 47.45 August : 115.59 168.08 43.35 121.69 48.29 : United States 2004/05 : 23.25 26.73 14.44 6.69 5.50 2005/06 (Est.) : 23.89 29.42 17.55 5.95 5.90 2006/07 (Proj.) : July : 20.50 27.03 16.60 5.50 4.90 August : 20.43 26.36 16.20 5.50 4.70 : Foreign 3/ 2004/05 : 97.06 136.63 20.58 102.12 48.49 2005/06 (Est.) : 90.40 138.86 26.86 110.76 46.59 2006/07 (Proj.) : July : 93.86 140.34 26.82 116.25 42.55 August : 95.16 141.72 27.15 116.19 43.59 =============================================================================== 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-437-10 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 : 381.27 425.22 74.72 302.15 56.25 2005/06 (Est.) : 389.64 445.89 77.54 316.83 61.99 2006/07 (Proj.) : July : 386.65 449.76 81.97 323.94 59.57 August : 383.15 445.14 81.24 324.62 55.83 Oilmeals : 2004/05 : 205.75 213.00 60.23 204.22 8.38 2005/06 (Est.) : 214.63 223.01 64.85 214.27 7.64 2006/07 (Proj.) : July : 220.11 228.07 63.94 220.34 7.03 August : 221.13 228.77 66.14 221.43 6.55 Vegetable Oils : 2004/05 : 111.00 119.18 42.01 108.65 9.12 2005/06 (Est.) : 116.54 125.65 44.50 115.18 9.15 2006/07 (Proj.) : July : 120.07 129.07 45.89 120.63 7.93 August : 120.33 129.48 46.40 120.74 7.84 : : United States Oilseeds : 2004/05 : 95.94 100.77 30.71 50.17 8.29 2005/06 (Est.) : 96.14 105.12 26.28 51.55 15.95 2006/07 (Proj.) : July : 91.78 109.31 30.58 52.00 16.61 August : 89.18 105.98 30.55 51.95 13.51 Oilmeals : 2004/05 : 39.27 41.09 6.94 33.94 0.22 2005/06 (Est.) : 39.53 41.41 7.07 34.05 0.28 2006/07 (Proj.) : July : 40.27 42.25 7.30 34.67 0.28 August : 40.26 42.23 7.30 34.66 0.28 Vegetable Oils : 2004/05 : 9.76 12.39 0.84 10.45 1.09 2005/06 (Est.) : 10.30 13.69 0.80 11.21 1.68 2006/07 (Proj.) : July : 10.08 14.11 0.88 11.77 1.47 August : 10.07 14.15 0.84 11.90 1.41 : : Foreign 3/ Oilseeds : 2004/05 : 285.34 324.45 44.02 251.98 47.96 2005/06 (Est.) : 293.50 340.77 51.26 265.27 46.04 2006/07 (Proj.) : July : 294.87 340.45 51.40 271.94 42.96 August : 293.98 339.16 50.69 272.67 42.32 Oilmeals : 2004/05 : 166.48 171.91 53.29 170.28 8.17 2005/06 (Est.) : 175.10 181.61 57.78 180.22 7.35 2006/07 (Proj.) : July : 179.84 185.83 56.65 185.68 6.75 August : 180.88 186.53 58.85 186.78 6.27 Vegetable Oils : 2004/05 : 101.24 106.79 41.17 98.20 8.02 2005/06 (Est.) : 106.23 111.96 43.70 103.98 7.47 2006/07 (Proj.) : July : 109.99 114.96 45.02 108.86 6.46 August : 110.26 115.33 45.56 108.84 6.43 =============================================================================== 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-437-11 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :============================== : : Est. : July August =============================================================================== Area : Million acres Planted : 59.7 57.2 57.9 57.9 Harvested : 50.0 50.1 47.1 47.1 Yield per harvested : Bushels acre : 43.2 42.0 38.3 38.3 : Million bushels Beginning stocks : 546 540 568 568 Production : 2,158 2,105 1,806 1,801 Imports : 71 82 105 105 Supply, total : 2,775 2,727 2,478 2,474 Food : 910 910 915 915 Seed : 78 78 80 80 Feed and residual : 182 162 145 145 Domestic, total : 1,169 1,149 1,140 1,140 Exports : 1,066 1,009 900 900 Use, total : 2,235 2,159 2,040 2,040 Ending stocks : 540 568 438 434 CCC inventory : 54 43 Free stocks : 486 525 Outstanding loans : 58 42 Avg. farm price ($/bu) 2/ : 3.40 3.42 3.70- 4.30 3.90- 4.50 =============================================================================== 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/ : 1,123 638 424 371 171 2,727 Domestic use : 481 226 241 118 84 1,149 Exports : 430 282 76 175 47 1,009 Use, total : 911 507 318 293 130 2,159 Ending stocks, total : 212 131 106 78 40 568 : 2006/07 (projected) : Beginning stocks : 212 131 106 78 40 568 Production : 660 423 380 284 55 1,801 Supply, total 3/ : 873 598 506 372 125 2,474 Domestic use : 450 220 274 117 79 1,140 Exports : 300 265 120 190 25 900 Use, total : 750 485 394 307 104 2,040 Ending stocks, total : August : 123 113 112 65 21 434 July : 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 receive by farmers. 3/ Includes imports. WASDE-437-12 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :============================== : : Est. : July August =============================================================================== FEED GRAINS : Area : Million acres Planted : 97.0 96.3 93.5 * 93.5 Harvested : 86.0 85.9 82.3 * 82.3 Yield per harvested : Metric tons acre : 3.71 3.47 3.49 3.55 : Million metric tons Beginning stocks : 28.7 58.8 56.8 56.8 Production : 319.2 298.5 287.4 291.9 Imports : 2.1 2.0 2.4 2.4 Supply, total : 350.1 359.3 346.6 351.1 Feed and residual : 165.8 162.2 159.7 160.8 Food, seed & industrial : 74.1 81.5 95.8 95.8 Domestic, total : 239.9 243.6 255.5 256.6 Exports : 51.4 58.9 59.8 59.3 Use, total : 291.3 302.6 315.2 315.8 Ending stocks, total : 58.8 56.8 31.4 35.2 CCC inventory : 0.0 0.0 Free stocks : 58.8 56.8 Outstanding loans : 7.2 4.5 : CORN : Area : Million acres Planted : 80.9 81.8 79.4 * 79.4 Harvested : 73.6 75.1 72.1 * 72.1 Yield per harvested : Bushels acre : 160.4 147.9 149.0 * 152.2 : Million bushels Beginning stocks : 958 2,114 2,062 2,062 Production : 11,807 11,112 10,740 10,976 Imports : 11 11 10 10 Supply, total : 12,776 13,237 12,812 13,047 Feed and residual : 6,158 6,100 6,050 6,125 Food, seed & industrial : 2,686 2,975 3,535 3,540 Ethanol for fuel 2/ : 1,323 1,600 2,150 2,150 Domestic, total : 8,844 9,075 9,585 9,665 Exports : 1,818 2,100 2,150 2,150 Use, total : 10,662 11,175 11,735 11,815 Ending stocks, total : 2,114 2,062 1,077 1,232 CCC inventory : 1 1 Free stocks : 2,113 2,061 Outstanding loans : 280 175 Avg. farm price ($/bu) 3/ : 2.06 1.99 2.25- 2.65 2.15- 2.55 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further breakout of FSI corn uses including ethanol, see the Feed Outlook table 5 or access the data on the Web through the Feed Grain Data Delivery System http://www.ers.usda.gov/db/feedgrains/). 3/ Marketing-year weighted average price received by farmers. * For July: Area planted and harvested of corn as reported in June Acreage report. Projected yield derived from a linear trend fit over 1960-2005 (1988 omitted), adjusted for 2006 planting progress. WASDE-437-13 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :============================== : : Est. : July August =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 7.5 6.5 6.3 * 6.3 Area harv. (mil. acres) : 6.5 5.7 5.3 * 5.3 Yield (bushels/acre) : 69.6 68.7 65.8 * 55.8 Beginning stocks : 34 57 51 51 Production : 454 394 350 296 Imports : 0 0 0 0 Supply, total : 487 451 401 347 Feed and residual : 191 150 110 85 Food, seed & industrial : 55 55 60 55 Total domestic : 246 205 170 140 Exports : 184 195 185 165 Use, total : 430 400 355 305 Ending stocks, total : 57 51 46 42 Avg. farm price ($/bu) 2/ : 1.79 1.78 2.05- 2.45 1.95- 2.35 : BARLEY : Area planted (mil. acres) : 4.5 3.9 3.5 * 3.5 Area harv. (mil. acres) : 4.0 3.3 3.0 * 3.0 Yield (bushels/acre) : 69.6 64.8 63.4 * 61.2 Beginning stocks : 120 128 108 108 Production : 280 212 190 183 Imports : 12 5 20 20 Supply, total : 412 346 318 311 Feed and residual : 103 53 45 40 Food, seed & industrial : 157 158 155 155 Total domestic : 261 211 200 195 Exports : 23 27 20 20 Use, total : 284 238 220 215 Ending stocks, total : 128 108 98 96 Avg. farm price ($/bu) 2/ : 2.48 2.53 2.45- 2.85 2.45- 2.85 : OATS : Area planted (mil. acres) : 4.1 4.2 4.3 * 4.3 Area harv. (mil. acres) : 1.8 1.8 1.9 * 1.9 Yield (bushels/acre) : 64.7 63.0 57.9 * 56.3 Beginning stocks : 65 58 53 53 Production : 116 115 110 107 Imports : 90 94 100 100 Supply, total : 271 267 263 260 Feed and residual : 136 138 135 130 Food, seed & industrial : 74 74 75 75 Total domestic : 210 212 210 205 Exports : 3 2 2 2 Use, total : 213 214 212 207 Ending stocks, total : 58 53 51 53 Avg. farm price ($/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 July-- Sorghum: Area planted and area harvested as reported in the June Acreage report. Sorghum yield is based on 10 year average yield (1996-2005, excluding 2002) Barley and oats: Area, yield and production as reported in July Crop Production. WASDE-437-14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :============================== : : Est. : July August =============================================================================== TOTAL : Area : Million acres Planted : 3.35 3.38 2.91 * 2.91 Harvested : 3.33 3.36 2.90 * 2.90 Yield per harvested : Pounds acre : 6,988 6,636 6,908 * 6,813 : : Million hundredweight : Beginning stocks 2/ : 23.7 37.7 34.3 34.3 Production : 232.4 223.2 200.0 197.2 Imports : 13.2 17.0 18.0 17.5 Supply, total : 269.2 277.9 252.3 249.1 Domestic & residual 3/ : 122.7 126.6 129.6 129.4 Exports, total 4/ : 108.8 117.0 100.0 97.0 Rough : 33.9 35.0 36.0 37.0 Milled (rough equiv.) : 75.0 82.0 64.0 60.0 Use, total : 231.5 243.6 229.6 226.4 Ending stocks : 37.7 34.3 22.8 22.7 Avg. milling yield (%) 5/ : 70.8 70.2 70.0 70.0 Avg. farm price ($/cwt) 6/ : 7.33 7.60- 7.65 9.15- 9.65 9.25- 9.75 : LONG GRAIN : Harvested acres (mil.) : 2.57 2.73 Yield (pounds/acre) : 6,630 6,493 Beginning stocks : 10.3 22.7 24.9 24.4 Production : 170.4 177.5 154.0 147.9 Supply, total 7/ : 191.3 212.8 190.9 185.3 Domestic & Residual 3/ : 84.7 93.9 96.5 96.3 Exports 8/ : 83.8 94.5 80.0 76.0 Use, total : 168.5 188.4 176.5 172.3 Ending stocks : 22.7 24.4 14.4 13.0 : : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.75 0.63 Yield (pounds/acre) : 8,212 7,255 Beginning stocks : 12.4 13.8 8.3 8.8 Production : 61.9 45.7 46.0 49.3 Supply, total 7/ : 76.8 64.0 60.3 62.7 Domestic & Residual 3/ : 38.0 32.7 33.1 33.1 Exports 8/ : 25.0 22.5 20.0 21.0 Use, total : 63.0 55.2 53.1 54.1 Ending stocks : 13.8 8.8 7.2 8.6 =============================================================================== 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; 2005/06-1.0; 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 July: Area planted and area harvested as reported in June Acreage report. Projected yield is derived from a relationship using yield trend and planting progress by State, 1995-2005. WASDE-437-15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :=============================== : : Est. : July August =============================================================================== SOYBEANS: : Million acres Area : Planted : 75.2 72.1 74.9* 74.9 Harvested : 74.0 71.4 73.9* 73.9 : : Bushels Yield per harvested : acre : 42.2 43.3 40.7* 39.6 : : Million bushels : Beginning stocks : 112 256 545 515 Production : 3,124 3,086 3,010 2,928 Imports : 6 4 4 4 Supply, total : 3,242 3,346 3,559 3,446 Crushings : 1,696 1,725 1,750 1,750 Exports : 1,097 930 1,090 1,090 Seed : 88 92 91 91 Residual : 104 85 _3/ 67 65 Use, total : 2,986 2,832 2,998 2,996 Ending stocks : 256 515 560 450 Avg. farm price ($/bu) 2/ : 5.74 5.70 5.00- 6.00 5.00 - 6.00 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 1,076 1,699 2,849 2,944 Production : 19,360 20,185 19,775 19,775 Imports : 26 35 55 55 Supply, total : 20,462 21,919 22,679 22,774 Domestic : 17,439 17,900 19,000 19,200 Exports : 1,324 1,075 1,200 1,200 Use, total : 18,763 18,975 20,200 20,400 Ending stocks : 1,699 2,944 2,479 2,374 Average price (c/lb) 2/ : 23.01 23.75 22.50- 23.00- : 26.50 27.00 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 211 172 250 250 Production : 40,715 40,713 41,685 41,685 Imports : 147 165 165 165 Supply, total : 41,073 41,050 42,100 42,100 Domestic : 33,561 33,400 34,100 34,100 Exports : 7,340 7,400 7,750 7,750 Use, total : 40,901 40,800 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 and harvested acres from the June 30 Acreage report; projected yield based on 1978-2005 regional trend. WASDE-437-16 U.S. Sugar Supply and Use 1/ ====================================================================== : : : 2006/07 Projection Item : 2004/05 : 2005/06 :====================== : : Estimate : July August ====================================================================== : 1,000 short tons, raw value : Beginning stocks : 1,897 1,332 1,431 1,581 Production 2/ : 7,877 7,334 8,345 8,345 Beet sugar : 4,611 4,349 4,800 4,800 Cane sugar : 3,266 2,985 3,545 3,545 Florida : 1,693 1,368 1,745 1,745 Hawaii : 258 239 265 265 Louisiana : 1,157 1,202 1,350 1,350 Texas : 158 176 185 185 Imports : 2,100 3,415 1,818 2,298 TRQ 3/ : 1,408 2,630 1,318 1,848 Other program 4/ : 500 300 325 325 Other 5/ : 192 485 175 125 Supply, total : 11,874 12,081 11,594 12,224 : 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/ : 95 0 0 0 Use, total : 10,542 10,500 10,615 10,615 Ending stocks : 1,332 1,581 979 1,609 : Stocks to use ratio : 12.6 15.1 9.2 15.2 ====================================================================== 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-437-17 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :=============================== : : Est. : July August =============================================================================== : Million acres Area : Planted : 13.66 14.25 15.28 * 15.28 Harvested : 13.06 13.80 12.78 * 12.82 : : Pounds Yield per harvested : acre : 855 831 770 * 765 : : Million 480 pound bales : Beginning stocks 2/ : 3.45 5.50 6.50 5.90 Production : 23.25 23.89 20.50 20.43 Imports : 0.03 0.03 0.03 0.03 Supply, total : 26.73 29.42 27.03 26.36 Domestic use : 6.69 5.95 5.50 5.50 Exports : 14.44 17.55 16.60 16.20 Use, total : 21.13 23.50 22.10 21.70 Unaccounted 3/ : 0.11 0.02 0.03 -0.04 Ending stocks : 5.50 5.90 4.90 4.70 : Avg. farm price 4/ : 41.6 47.8 5/ 5/ =============================================================================== Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Based on Bureau of Census data. 3/ Reflects the difference between the previous season's supply less total use and ending stocks based on Bureau of Census data. 4/ Cents per pound. The 2005/06 price is a weighted average price for upland cotton for August-June. 5/ USDA is prohibited by law from publishing cotton price projections. *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. July projected yield 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 2006/07 is 21.9 percent. WASDE-437-18 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/ : 132.73 628.85 109.90 106.64 610.14 110.98 151.44 United States : 14.87 58.74 1.92 4.96 31.82 29.01 14.70 Total foreign : 117.86 570.12 107.98 101.69 578.32 81.97 136.74 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 72.15 0.01 0.50 72.84 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/ : 151.44 618.46 109.87 112.41 624.21 114.81 145.69 United States : 14.70 57.28 2.22 4.40 31.28 27.47 15.45 Total foreign : 136.74 561.18 107.65 108.00 592.92 87.35 130.24 Major exporters 4/ : 40.64 186.53 7.84 69.68 140.60 55.50 38.91 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/ : 25.20 122.73 7.50 60.50 119.50 15.00 20.93 Major importers 6/ : 61.93 162.22 58.37 8.60 218.99 4.40 59.13 Brazil : 1.35 4.87 6.20 0.70 10.90 0.80 0.72 China : 38.82 97.45 1.10 3.50 101.00 1.40 34.97 Select. Mideast 7/ : 4.96 19.32 12.10 1.90 29.74 0.65 5.99 N. Africa 8/ : 10.24 15.18 18.70 0.30 33.78 0.22 10.13 Pakistan : 2.25 21.50 1.00 0.40 21.50 0.05 3.20 Southeast Asia 9/ : 2.06 0.00 10.20 1.38 10.00 0.37 1.89 Selected other : India : 4.10 68.64 0.03 0.50 70.27 0.50 2.00 FSU-12 : 14.27 92.20 4.48 22.91 75.27 20.09 15.59 Russia : 3.89 47.70 1.10 14.90 38.40 10.50 3.79 Kazakhstan : 3.64 11.00 0.05 2.70 7.40 3.00 4.29 Ukraine : 2.61 18.70 0.05 2.90 12.50 6.40 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-437-19 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/ : July : 145.04 605.21 110.13 107.78 617.05 109.81 133.20 August : 145.69 598.00 110.43 104.68 615.27 110.11 128.42 United States : July : 15.45 49.14 2.86 3.95 31.03 24.49 11.93 August : 15.45 49.03 2.86 3.95 31.03 24.49 11.82 Total foreign : July : 129.58 556.07 107.27 103.83 586.02 85.32 121.27 August : 130.24 548.98 107.57 100.73 584.25 85.61 116.60 Major exporters 4/ : July : 39.27 188.40 6.76 68.98 139.90 61.50 33.02 August : 38.91 179.85 7.06 66.68 137.50 59.80 28.51 Argentina Jul : 0.46 14.30 0.01 0.08 5.00 9.50 0.27 Aug : 0.46 13.50 0.01 0.08 4.90 8.80 0.27 Australia Jul : 7.87 21.50 0.00 3.90 6.60 17.00 5.77 Aug : 7.87 21.50 0.00 3.90 6.60 17.00 5.77 Canada Jul : 9.64 26.50 0.25 5.00 9.30 18.50 8.59 Aug : 9.64 25.50 0.25 4.70 9.00 18.50 7.89 EU-25 5/ Jul : 21.29 126.10 6.50 60.00 119.00 16.50 18.39 Aug : 20.93 119.35 6.80 58.00 117.00 15.50 14.58 Major importers 6/ : July : 58.94 171.29 55.08 7.93 220.12 4.69 60.49 August : 59.13 171.29 55.03 7.93 220.32 4.70 60.43 Brazil Jul : 0.77 3.50 6.80 0.20 10.60 0.03 0.45 Aug : 0.72 3.50 6.80 0.20 10.60 0.03 0.40 China Jul : 35.17 105.00 0.70 4.00 101.00 2.00 37.87 Aug : 34.97 105.00 0.70 4.00 101.00 2.00 37.67 Sel. Mideast 7/Jul : 5.89 18.80 11.03 1.50 29.54 0.65 5.53 Aug : 5.99 18.80 11.08 1.50 29.59 0.65 5.63 N. Africa 8/ Jul : 9.83 18.33 16.60 0.30 35.03 0.21 9.52 Aug : 10.13 18.33 16.60 0.30 35.13 0.22 9.71 Pakistan Jul : 3.20 21.70 0.60 0.40 22.00 0.50 3.00 Aug : 3.20 21.70 0.60 0.40 22.00 0.50 3.00 SE Asia 9/ Jul : 1.84 0.00 10.05 1.12 9.80 0.38 1.71 Aug : 1.89 0.00 10.05 1.12 9.85 0.38 1.71 Selected other : India Jul : 2.00 68.00 4.50 0.50 70.50 0.50 3.50 Aug : 2.00 68.00 4.50 0.50 71.50 0.50 2.50 FSU-12 Jul : 15.20 78.73 4.14 20.61 72.49 13.65 11.93 Aug : 15.59 80.51 4.04 19.81 71.70 15.66 12.78 Russia Jul : 3.49 41.50 1.20 13.70 36.90 6.50 2.79 Aug : 3.79 42.00 1.20 13.20 36.40 7.50 3.09 Kazakhstan Jul : 4.26 11.50 0.02 2.70 7.60 4.50 3.67 Aug : 4.29 11.50 0.02 2.70 7.60 4.50 3.71 Ukraine Jul : 2.46 13.00 0.20 2.00 11.30 2.50 1.86 Aug : 2.46 13.50 0.10 1.70 10.80 3.50 1.76 =============================================================================== 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-437-20 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 1014.05 101.19 641.46 975.67 101.64 178.10 United States : 28.76 319.42 2.24 165.87 240.22 51.41 58.80 Total foreign : 110.96 694.63 98.95 475.59 735.45 50.23 119.30 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 76.28 214.16 283.31 4.61 46.83 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 8.98 22.13 38.28 0.03 5.31 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/ : 178.10 973.69 101.02 632.18 984.18 101.17 167.61 United States : 58.80 298.74 2.13 162.24 243.96 58.91 56.79 Total foreign : 119.30 674.96 98.89 469.95 740.22 42.26 110.82 Major exporters 4/ : 13.78 65.02 2.65 36.35 49.79 19.93 11.73 Argentina : 1.61 17.90 0.00 6.71 9.17 8.86 1.48 Australia : 2.27 13.76 0.00 5.81 7.04 6.02 2.97 Canada : 6.42 25.98 1.77 19.51 24.33 4.28 5.57 Major importers 5/ : 46.83 201.51 77.21 209.24 278.21 5.20 42.13 EU-25 6/ : 24.23 131.47 3.22 100.00 132.24 4.01 22.66 Japan : 1.88 0.19 19.87 15.34 20.17 0.00 1.77 Mexico : 5.31 25.53 10.60 21.68 38.08 0.10 3.26 N. Afr & Mideast 7/: 8.66 26.54 18.56 38.38 45.32 0.87 7.58 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 1.07 33.46 49.43 8.32 5.66 Russia : 2.67 27.60 0.54 17.60 27.65 1.76 1.40 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-437-21 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/ : July : 167.92 970.22 101.94 640.89 1009.47 103.68 128.68 August : 167.61 969.89 101.26 641.21 1010.04 103.07 127.46 United States : July : 56.79 287.64 2.53 159.78 255.79 59.78 31.39 August : 56.79 292.05 2.54 160.84 256.86 59.27 35.25 Total foreign : July : 111.13 682.58 99.42 481.11 753.68 43.90 97.29 August : 110.82 677.84 98.72 480.37 753.18 43.80 92.21 Major exporters 4/ : July : 11.48 67.61 3.40 37.73 51.85 21.12 9.53 August : 11.73 67.31 3.40 37.53 51.65 21.12 9.68 Argentina Jul : 1.28 21.57 0.00 7.11 9.67 11.96 1.23 Aug : 1.48 21.57 0.00 7.11 9.67 11.96 1.43 Australia Jul : 2.97 11.81 0.00 6.17 7.39 5.22 2.17 Aug : 2.97 11.81 0.00 6.17 7.39 5.22 2.17 Canada Jul : 5.52 24.84 2.87 20.12 25.44 3.33 4.47 Aug : 5.57 24.54 2.87 19.92 25.24 3.33 4.42 Major importers 5/ : July : 42.57 210.52 77.55 213.83 283.51 5.33 41.79 August : 42.13 206.20 76.65 213.23 283.01 5.03 36.94 EU-25 6/ Jul : 23.18 135.75 2.95 101.33 133.85 5.01 23.02 Aug : 22.66 131.43 2.95 102.12 134.65 4.71 17.68 Japan Jul : 1.77 0.17 19.17 14.87 19.70 0.00 1.41 Aug : 1.77 0.17 19.47 14.97 19.90 0.00 1.51 Mexico Jul : 3.31 28.43 11.20 23.18 39.68 0.00 3.26 Aug : 3.26 28.43 10.20 22.18 38.68 0.00 3.21 N Afr/M.East 7/Jul : 7.44 28.03 19.10 39.89 47.26 0.10 7.22 Aug : 7.58 28.03 18.90 39.39 46.76 0.10 7.65 Saudi Arabia Jul : 2.70 0.20 8.00 7.83 8.01 0.00 2.89 Aug : 2.70 0.20 8.00 7.83 8.01 0.00 2.89 S.-east Asia 8/Jul : 1.97 17.53 3.56 15.27 20.93 0.23 1.90 Aug : 1.97 17.53 3.56 15.27 20.93 0.23 1.90 South Korea Jul : 1.43 0.33 8.83 6.86 9.19 0.00 1.40 Aug : 1.43 0.33 8.83 6.86 9.19 0.00 1.40 Selected other : China Jul : 35.50 146.06 2.34 104.92 151.23 4.03 28.64 Aug : 35.50 146.06 2.34 104.92 151.23 4.03 28.64 Other Europe Jul : 4.57 24.11 0.64 18.82 24.38 2.06 2.88 Aug : 4.57 24.11 0.64 18.82 24.38 2.06 2.88 FSU-12 Jul : 5.65 58.57 0.93 35.48 50.82 8.88 5.45 Aug : 5.66 58.52 0.93 35.74 50.98 9.08 5.06 Russia Jul : 1.39 29.80 0.60 18.30 28.05 2.20 1.54 Aug : 1.40 29.80 0.60 18.50 28.25 2.20 1.35 Ukraine Jul : 2.52 19.95 0.07 10.25 13.65 6.30 2.59 Aug : 2.52 19.95 0.07 10.35 13.65 6.50 2.39 =============================================================================== 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-437-22 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/ : 103.23 712.35 77.11 471.61 685.05 78.18 130.53 United States : 24.34 299.91 0.28 156.43 224.65 46.18 53.70 Total foreign : 78.90 412.43 76.83 315.19 460.40 32.00 76.83 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 47.22 100.52 140.09 0.70 17.42 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 5.95 12.60 27.90 0.03 4.44 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/ : 130.53 692.34 75.74 471.77 695.83 74.14 127.04 United States : 53.70 282.26 0.28 154.95 230.52 53.34 52.37 Total foreign : 76.83 410.08 75.47 316.82 465.30 20.80 74.67 Major exporters 4/ : 4.15 21.50 0.75 8.30 14.60 9.25 2.55 Argentina : 0.96 14.50 0.00 4.20 5.90 8.50 1.06 South Africa : 3.19 7.00 0.75 4.10 8.70 0.75 1.49 Major importers 5/ : 17.42 90.47 47.86 97.75 137.02 0.40 18.32 Egypt : 0.42 5.86 4.30 8.30 10.10 0.00 0.48 EU-25 6/ : 7.52 48.32 2.80 39.00 48.50 0.10 10.04 Japan : 1.03 0.00 16.70 12.20 16.70 0.00 1.03 Mexico : 4.44 19.20 7.00 12.40 27.90 0.10 2.64 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 1.70 8.40 10.90 0.25 1.82 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-437-23 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/ : July : 127.08 686.75 76.86 477.93 722.62 78.29 91.22 August : 127.04 689.31 76.66 478.19 723.48 78.29 92.88 United States : July : 52.37 272.81 0.25 153.68 243.47 54.61 27.35 August : 52.37 278.80 0.25 155.58 245.50 54.61 31.31 Total foreign : July : 74.71 413.95 76.61 324.26 479.15 23.68 63.87 August : 74.67 410.52 76.41 322.61 477.97 23.68 61.57 Major exporters 4/ : July : 2.35 26.50 0.40 8.40 14.90 12.10 2.25 August : 2.55 26.50 0.40 8.40 14.90 12.10 2.45 Argentina Jul : 0.86 17.50 0.00 4.30 6.10 11.50 0.76 Aug : 1.06 17.50 0.00 4.30 6.10 11.50 0.96 South Africa Jul : 1.49 9.00 0.40 4.10 8.80 0.60 1.49 Aug : 1.49 9.00 0.40 4.10 8.80 0.60 1.49 Major importers 5/ : July : 18.59 93.04 47.85 99.10 138.88 1.20 19.41 August : 18.32 90.44 47.65 98.70 138.57 1.20 16.64 Egypt Jul : 0.48 5.87 4.80 8.60 10.60 0.00 0.55 Aug : 0.48 5.87 4.80 8.60 10.60 0.00 0.55 EU-25 6/ Jul : 10.24 48.43 2.50 39.00 48.80 1.00 11.36 Aug : 10.04 45.83 2.50 39.00 48.80 1.00 8.56 Japan Jul : 1.03 0.00 16.20 11.90 16.40 0.00 0.83 Aug : 1.03 0.00 16.50 12.00 16.60 0.00 0.93 Mexico Jul : 2.71 21.30 7.50 13.20 28.80 0.00 2.71 Aug : 2.64 21.30 7.00 12.70 28.30 0.00 2.64 S.-east Asia 7/Jul : 1.94 17.33 3.55 15.10 20.75 0.20 1.87 Aug : 1.94 17.33 3.55 15.10 20.75 0.20 1.87 South Korea Jul : 1.43 0.07 8.70 6.80 8.80 0.00 1.40 Aug : 1.43 0.07 8.70 6.80 8.80 0.00 1.40 Selected other : Brazil Jul : 4.19 40.50 0.75 34.50 41.50 1.00 2.94 Aug : 4.19 40.50 0.75 34.50 41.50 1.00 2.94 Canada Jul : 1.77 9.00 2.80 9.00 12.00 0.20 1.37 Aug : 1.82 9.00 2.80 9.00 12.00 0.20 1.42 China Jul : 35.00 138.00 0.10 103.00 141.00 4.00 28.10 Aug : 35.00 138.00 0.10 103.00 141.00 4.00 28.10 Other Europe Jul : 3.87 20.16 0.31 16.09 20.18 1.80 2.37 Aug : 3.87 20.16 0.31 16.09 20.18 1.80 2.37 FSU-12 Jul : 1.76 13.88 0.45 10.94 12.33 2.03 1.73 Aug : 1.76 13.13 0.45 10.39 11.78 2.03 1.53 Ukraine Jul : 1.07 7.50 0.00 5.00 5.50 2.00 1.07 Aug : 1.07 6.80 0.00 4.50 5.00 2.00 0.87 =============================================================================== 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-437-24 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 3.94 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/ : 77.98 415.78 26.47 413.90 28.09 79.86 United States : 1.21 7.11 0.54 4.04 3.73 1.09 Total foreign : 76.77 408.67 25.93 409.86 24.36 78.76 Major exporters 4/ : 15.19 137.21 0.40 115.58 19.20 18.02 India : 8.50 91.04 0.00 85.22 3.80 10.52 Pakistan : 0.21 5.55 0.00 2.61 2.90 0.26 Thailand : 2.31 18.20 0.05 9.50 7.30 3.76 Vietnam : 4.16 22.42 0.35 18.25 5.20 3.48 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-437-25 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/ : July : 78.84 418.28 25.98 418.05 27.83 79.07 August : 79.86 417.81 25.97 418.69 28.04 78.97 United States : July : 1.09 6.35 0.57 4.12 3.18 0.72 August : 1.09 6.26 0.56 4.11 3.08 0.72 Total foreign : July : 77.75 411.93 25.41 413.94 24.66 78.35 August : 78.76 411.54 25.41 414.58 24.96 78.25 Major exporters 4/ : July : 17.00 137.55 0.40 117.68 19.45 17.82 August : 18.02 137.24 0.40 118.18 19.75 17.73 India Jul : 9.56 91.00 0.00 87.00 4.00 9.56 Aug : 10.52 91.00 0.00 87.50 4.30 9.72 Pakistan Jul : 0.26 5.20 0.00 2.61 2.50 0.35 Aug : 0.26 5.20 0.00 2.61 2.50 0.35 Thailand Jul : 3.56 18.35 0.10 9.57 8.25 4.19 Aug : 3.76 18.50 0.10 9.57 8.25 4.54 Vietnam Jul : 3.62 23.00 0.30 18.50 4.70 3.72 Aug : 3.48 22.54 0.30 18.50 4.70 3.12 Major importers 5/ : July : 13.08 60.85 9.79 70.30 0.38 13.05 August : 13.08 60.85 9.79 70.30 0.38 13.05 Brazil Jul : 0.59 8.50 0.60 9.25 0.15 0.29 Aug : 0.59 8.50 0.60 9.25 0.15 0.29 EU-25 6/ Jul : 1.09 1.78 0.98 2.60 0.18 1.07 Aug : 1.09 1.78 0.98 2.60 0.18 1.07 Indonesia Jul : 3.41 35.09 0.60 35.65 0.00 3.45 Aug : 3.41 35.09 0.60 35.65 0.00 3.45 Nigeria Jul : 0.57 2.80 1.70 4.45 0.00 0.62 Aug : 0.57 2.80 1.70 4.45 0.00 0.62 Philippines Jul : 5.27 9.75 1.75 11.25 0.00 5.52 Aug : 5.27 9.75 1.75 11.25 0.00 5.52 Sel. Mideast 7/Jul : 2.00 2.44 3.10 5.49 0.05 2.00 Aug : 2.00 2.44 3.10 5.49 0.05 2.00 Selected other : Burma Jul : 0.55 10.70 0.00 10.50 0.25 0.50 Aug : 0.55 10.70 0.00 10.50 0.25 0.50 C. Am & Car. 8/Jul : 0.15 0.07 0.45 0.50 0.00 0.17 Aug : 0.15 0.07 0.45 0.50 0.00 0.17 China Jul : 37.23 128.00 0.80 127.80 0.80 37.43 Aug : 37.23 128.00 0.80 127.80 0.80 37.43 Egypt Jul : 0.36 4.14 0.00 3.30 0.80 0.40 Aug : 0.36 4.14 0.00 3.30 0.80 0.40 Japan Jul : 2.43 7.94 0.65 8.20 0.20 2.62 Aug : 2.43 7.94 0.65 8.20 0.20 2.62 Mexico Jul : 0.18 0.18 0.60 0.80 0.00 0.16 Aug : 0.18 0.18 0.60 0.80 0.00 0.16 South Korea Jul : 1.10 4.70 0.27 4.84 0.10 1.12 Aug : 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-437-26 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 35.02 -1.12 53.98 United States : 3.45 23.25 0.03 6.69 14.44 0.11 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 : 53.98 114.29 44.17 116.71 44.41 -1.18 52.49 United States : 5.50 23.89 0.03 5.95 17.55 0.02 5.90 Total foreign : 48.49 90.40 44.14 110.76 26.86 -1.19 46.59 Major exporters 4/ : 22.39 43.91 1.46 24.49 22.20 -0.09 21.16 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 8.99 0.53 5.26 5.82 -0.10 6.48 Australia : 1.95 2.80 3/ 0.06 3.00 -0.12 1.82 Brazil : 5.08 4.70 0.25 4.15 2.05 0.00 3.83 India : 8.76 19.20 0.40 15.80 3.25 0.00 9.31 Major importers 8/ : 23.68 42.93 40.29 81.76 2.98 -1.11 23.26 Mexico : 1.32 0.64 1.70 2.00 0.35 0.03 1.28 China : 13.06 26.20 19.25 46.50 0.04 -1.30 13.28 EU-25 9/ : 1.14 2.49 2.34 2.77 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 1.95 11.75 0.33 0.03 3.24 Indonesia : 0.38 0.03 2.20 2.18 0.02 0.05 0.37 Thailand : 0.63 0.05 1.88 2.05 0.00 0.03 0.48 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-437-27 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 : July : 53.01 114.36 43.89 121.75 43.42 -1.36 47.45 August : 52.49 115.59 43.83 121.69 43.35 -1.44 48.29 United States : July : 6.50 20.50 0.03 5.50 16.60 0.03 4.90 August : 5.90 20.43 0.03 5.50 16.20 -0.04 4.70 Total foreign : July : 46.51 93.86 43.86 116.25 26.82 -1.39 42.55 August : 46.59 95.16 43.80 116.19 27.15 -1.40 43.59 Major exporters 4/ : July : 21.49 45.21 1.83 25.44 22.27 -0.09 20.91 August : 21.16 46.21 1.81 25.47 22.52 -0.09 21.27 Central Asia 5/Jul : 2.39 7.93 3/ 1.40 6.79 0.00 2.13 Aug : 2.39 7.93 3/ 1.40 6.74 0.00 2.18 Afr. Fr. Zn. 6/Jul : 1.55 4.64 3/ 0.18 4.71 0.00 1.30 Aug : 1.55 4.64 3/ 0.18 4.71 0.00 1.30 S. Hemis 7/ Jul : 6.29 9.79 0.78 5.32 4.95 -0.10 6.69 Aug : 6.48 9.84 0.76 5.34 5.00 -0.10 6.83 Australia Jul : 1.72 2.60 3/ 0.06 2.70 -0.12 1.69 Aug : 1.82 2.60 3/ 0.06 2.70 -0.12 1.79 Brazil Jul : 3.78 5.50 0.50 4.20 1.50 0.00 4.08 Aug : 3.83 5.50 0.50 4.20 1.50 0.00 4.13 India Jul : 9.86 20.00 0.50 16.75 4.00 0.00 9.61 Aug : 9.31 21.00 0.50 16.75 4.25 0.00 9.81 Major importers 8/ : July : 22.84 45.07 39.68 86.41 2.85 -1.31 19.64 August : 23.26 45.37 39.65 86.32 2.94 -1.31 20.33 Mexico Jul : 1.18 0.64 1.30 1.90 0.30 0.03 0.89 Aug : 1.28 0.64 1.30 1.90 0.30 0.03 0.99 China Jul : 13.04 27.50 20.00 51.00 0.03 -1.50 11.01 Aug : 13.28 27.50 20.00 51.00 0.03 -1.50 11.25 EU-25 9/ Jul : 1.20 2.08 2.20 2.53 1.92 0.06 0.97 Aug : 1.20 2.38 2.12 2.47 2.01 0.06 1.16 Russia Jul : 0.22 3/ 1.50 1.50 0.00 0.00 0.22 Aug : 0.22 3/ 1.50 1.50 0.00 0.00 0.22 Turkey Jul : 1.69 4.15 2.55 6.70 0.20 0.00 1.49 Aug : 1.69 4.15 2.60 6.70 0.20 0.00 1.54 Pakistan Jul : 3.14 10.50 1.80 12.20 0.30 0.03 2.92 Aug : 3.24 10.50 1.80 12.20 0.30 0.03 3.02 Indonesia Jul : 0.37 0.03 2.20 2.18 0.02 0.05 0.35 Aug : 0.37 0.03 2.20 2.18 0.02 0.05 0.35 Thailand Jul : 0.51 0.05 2.05 2.10 0.00 0.03 0.49 Aug : 0.48 0.05 2.05 2.10 0.00 0.03 0.46 Bangladesh Jul : 0.42 0.07 2.15 2.20 0.00 0.01 0.44 Aug : 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-437-28 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/ : 38.60 215.95 63.73 175.74 205.41 64.65 48.23 United States : 3.06 85.01 0.15 46.16 51.40 29.86 6.96 Total foreign : 35.55 130.94 63.58 129.58 154.01 34.79 41.27 Major exporters 3/ : 30.99 96.05 1.26 57.54 62.04 32.34 33.93 Argentina : 15.40 39.00 0.69 27.31 28.75 9.31 17.03 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/ : 48.23 219.49 64.36 184.30 214.26 65.30 52.51 United States : 6.96 84.00 0.11 46.95 51.76 25.31 14.00 Total foreign : 41.27 135.49 64.25 137.36 162.50 39.99 38.51 Major exporters 3/ : 33.93 99.50 0.94 60.75 65.20 37.20 31.96 Argentina : 17.03 40.50 0.70 32.10 33.63 9.30 15.30 Brazil : 16.81 55.00 0.20 27.50 30.14 25.30 16.57 Major importers 4/ : 6.15 19.50 52.81 56.90 72.71 0.38 5.36 China : 4.70 17.20 27.50 34.61 45.10 0.35 3.95 EU-25 : 0.88 0.86 14.10 13.68 14.99 0.01 0.84 Japan : 0.26 0.23 4.05 2.88 4.24 0.00 0.30 Mexico : 0.05 0.15 3.73 3.84 3.88 0.00 0.04 : : 2006/07 (Projected) World 2/ : July : 53.43 220.18 70.01 189.62 219.97 70.63 53.01 August : 52.51 217.74 69.10 190.15 220.15 69.23 49.97 United States : July : 14.82 81.92 0.11 47.63 51.93 29.67 15.25 August : 14.00 79.68 0.11 47.63 51.88 29.67 12.24 Total foreign : July : 38.61 138.26 69.90 141.99 168.04 40.97 37.76 August : 38.51 138.06 68.99 142.53 168.27 39.57 37.73 Major exporters 3/ : July : 31.98 102.00 1.10 60.70 65.26 37.95 31.87 August : 31.96 102.00 1.14 62.20 66.66 36.50 31.94 Argentina Jul : 15.32 41.30 0.84 31.50 33.14 9.25 15.07 Aug : 15.30 41.30 0.90 33.00 34.54 7.80 15.17 Brazil Jul : 16.57 56.00 0.25 28.00 30.72 25.40 16.71 Aug : 16.57 56.00 0.23 28.00 30.72 25.40 16.68 Major importers 4/ : July : 5.36 19.29 57.33 60.50 76.93 0.44 4.61 August : 5.36 19.09 56.90 59.99 76.31 0.39 4.64 China Jul : 3.90 16.90 31.50 37.85 48.70 0.40 3.20 Aug : 3.95 16.70 31.50 37.75 48.55 0.35 3.25 EU-25 Jul : 0.89 0.95 14.18 13.75 15.16 0.01 0.85 Aug : 0.84 0.95 13.88 13.45 14.81 0.01 0.85 Japan Jul : 0.30 0.20 4.10 2.90 4.32 0.00 0.28 Aug : 0.30 0.20 4.10 2.90 4.32 0.00 0.28 Mexico Jul : 0.04 0.16 3.86 3.98 4.02 0.00 0.04 Aug : 0.04 0.16 3.76 3.88 3.92 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-437-29 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/ : 5.67 138.50 46.37 137.10 46.69 6.76 United States : 0.19 36.94 0.13 30.45 6.66 0.16 Total foreign : 5.48 101.56 46.24 106.66 40.03 6.60 Major exporters 3/ : 3.25 47.95 0.24 10.55 36.59 4.30 Argentina : 1.43 21.53 0.00 0.50 20.50 1.97 Brazil : 1.78 22.42 0.24 8.75 14.24 1.45 India : 0.04 4.01 0.00 1.31 1.85 0.88 Major importers 4/ : 1.18 36.85 27.72 63.39 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/ : 6.76 144.69 50.05 144.83 50.77 5.89 United States : 0.16 36.93 0.15 30.30 6.71 0.23 Total foreign : 6.60 107.75 49.90 114.53 44.06 5.66 Major exporters 3/ : 4.30 50.71 0.20 11.16 40.50 3.55 Argentina : 1.97 25.19 0.00 0.56 24.60 2.00 Brazil : 1.45 21.19 0.20 9.18 12.35 1.31 India : 0.88 4.33 0.00 1.42 3.55 0.24 Major importers 4/ : 1.18 39.86 29.49 68.30 1.11 1.12 EU-25 : 0.85 10.76 22.46 32.49 0.72 0.86 China : 0.00 27.38 0.90 27.93 0.35 0.00 : : 2006/07 (Projected) World 2/ : July : 6.17 148.88 49.72 149.18 50.01 5.59 August : 5.89 149.80 51.58 149.99 52.12 5.16 United States : July : 0.23 37.82 0.15 30.94 7.03 0.23 August : 0.23 37.82 0.15 30.94 7.03 0.23 Total foreign : July : 5.94 111.07 49.57 118.24 42.98 5.36 August : 5.66 111.99 51.43 119.05 45.09 4.93 Major exporters 3/ : July : 3.63 50.44 0.15 11.63 39.34 3.25 August : 3.55 52.04 0.20 11.51 41.35 2.93 Argentina Jul : 1.94 24.34 0.00 0.75 23.64 1.89 Aug : 2.00 25.93 0.00 0.62 25.75 1.56 Brazil Jul : 1.31 21.71 0.15 9.36 12.50 1.31 Aug : 1.31 21.71 0.20 9.41 12.50 1.31 India Jul : 0.39 4.40 0.00 1.53 3.20 0.05 Aug : 0.24 4.40 0.00 1.48 3.10 0.05 Major importers 4/ : July : 1.12 42.59 29.57 71.03 1.19 1.05 August : 1.12 42.27 30.07 71.21 1.19 1.06 EU-25 Jul : 0.86 10.82 22.55 32.62 0.75 0.86 Aug : 0.86 10.58 22.80 32.63 0.75 0.86 China Jul : 0.00 29.95 0.70 30.25 0.40 0.00 Aug : 0.00 29.87 0.80 30.27 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-437-30 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 32.28 8.84 31.69 9.14 2.93 United States : 0.49 8.78 0.01 7.91 0.60 0.77 Total foreign : 2.15 23.50 8.83 23.78 8.54 2.16 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 34.12 9.09 33.62 9.24 3.27 United States : 0.77 9.16 0.02 8.12 0.49 1.34 Total foreign : 2.16 24.96 9.08 25.50 8.76 1.93 Major exporters 3/ : 1.31 13.61 0.59 6.31 7.90 1.30 Argentina : 0.79 6.04 0.00 0.43 5.55 0.85 Brazil : 0.33 5.12 0.02 3.10 2.10 0.26 EU-25 : 0.20 2.45 0.58 2.77 0.25 0.20 Major importers 4/ : 0.63 7.15 3.48 10.75 0.11 0.40 China : 0.25 6.17 1.75 7.87 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/ : July : 3.06 34.72 9.59 35.24 9.49 2.64 August : 3.27 34.94 9.63 35.33 9.73 2.77 United States : July : 1.29 8.97 0.03 8.62 0.54 1.12 August : 1.34 8.97 0.03 8.71 0.54 1.08 Total foreign : July : 1.77 25.75 9.57 26.62 8.94 1.52 August : 1.93 25.97 9.60 26.62 9.19 1.69 Major exporters 3/ : July : 1.15 13.62 0.62 6.33 8.01 1.06 August : 1.30 13.89 0.77 6.53 8.23 1.20 Argentina Jul : 0.70 5.95 0.00 0.46 5.60 0.60 Aug : 0.85 6.22 0.00 0.46 5.88 0.74 Brazil Jul : 0.26 5.21 0.02 3.12 2.11 0.26 Aug : 0.26 5.21 0.02 3.12 2.11 0.26 EU-25 Jul : 0.20 2.46 0.60 2.75 0.30 0.21 Aug : 0.20 2.46 0.75 2.95 0.25 0.21 Major importers 4/ : July : 0.40 7.76 3.90 11.71 0.08 0.27 August : 0.40 7.74 3.70 11.49 0.08 0.27 China Jul : 0.20 6.76 2.10 8.76 0.08 0.22 Aug : 0.20 6.74 1.90 8.54 0.08 0.22 India Jul : 0.20 0.99 1.75 2.88 0.01 0.05 Aug : 0.20 0.99 1.75 2.88 0.01 0.05 Pakistan Jul : 0.00 0.01 0.05 0.06 0.00 0.00 Aug : 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-437-31 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 45.6 II : 6699 4998 11782 9128 1440 10700 22482 1879 46.9 III*: 7050 5050 12183 9000 1410 10540 22723 1900 44.2 IV*: 6300 5650 12041 8950 1445 10525 22566 1925 44.6 Annual : Jul Proj : 26103 21171 47624 35987 5634 42136 89760 7608 182.1 Aug Proj : 26127 21019 47492 36015 5649 42181 89673 7582 181.3 : 2007 : I*: 6330 5350 11771 9000 1375 10500 22271 1895 46.3 II*: 6800 5225 12112 9175 1445 10750 22862 1925 47.3 Annual : Jul Proj : 26755 21760 48874 36575 5730 42825 91699 7735 183.1 Aug Proj : 26755 21625 48734 36575 5730 42825 91559 7705 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 12.00 III*: 80-82 48-50 67-69 76-78 66-68 12.05-12.35 IV*: 81-85 40-42 64-68 78-82 76-80 12.80-13.40 Annual : Jul Proj : 82-84 44-46 63-65 73-75 69-71 12.50-12.80 Aug Proj : 82-84 45-46 64-65 73-75 69-71 12.60-12.80 : 2007 : I*: 82-88 37-41 64-70 62-68 74-80 12.50-13.40 II*: 81-87 39-43 65-71 64-70 71-77 12.45-13.45 Annual : Jul Proj : 81-87 39-42 65-70 68-74 71-77 12.85-13.85 Aug Proj : 81-87 39-42 65-70 68-74 75-81 12.90-13.90 =============================================================================== *Projection. 1/ Nebraska, Direct, 1100-1300 lbs. 2/ National Base, Live equiv 51-52% lean 3/ Wholesale, 12-city average. 4/ 8-16 lbs, hens, Eastern Region. 5/ Grade A large, New York, volume buyers. 6/ Simple monthly average of prices received by farmers for all milk. May not match reported annual averages. WASDE-437-32 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 698 571 27751 65.5 2006 Proj. Jul : 571 26205 3258 30034 1023 575 28436 66.5 Aug : 571 26229 3222 30022 1103 575 28344 66.3 2007 Proj. Jul : 575 26857 3340 30772 1385 575 28812 66.8 Aug : 575 26857 3340 30772 1385 575 28812 66.8 : PORK : 2005 : 543 20706 1025 22274 2665 494 19115 50.0 2006 Proj. Jul : 494 21191 1089 22774 3070 550 19154 49.6 Aug : 494 21039 1026 22559 3018 500 19041 49.4 2007 Proj. Jul : 550 21780 1110 23440 3235 550 19655 50.5 Aug : 500 21645 1030 23175 3150 500 19525 50.2 : TOTAL RED MEAT 5/ : 2005 : 1187 45846 4804 51837 3372 1080 47385 117.0 2006 Proj. Jul : 1080 47759 4530 53369 4107 1138 48124 117.7 Aug : 1080 47627 4433 53140 4136 1088 47916 117.2 2007 Proj. Jul : 1138 49009 4634 54781 4632 1139 49010 118.8 Aug : 1088 48869 4554 54511 4547 1089 48875 118.5 : BROILERS : 2005 : 713 34986 34 35733 5203 924 29607 85.7 2006 Proj. Jul : 924 35602 40 36566 5503 750 30313 87.0 Aug : 924 35630 41 36595 5476 750 30369 87.1 2007 Proj. Jul : 750 36184 36 36970 5595 770 30605 87.0 Aug : 750 36184 36 36970 5595 770 30605 87.0 : TURKEYS : 2005 : 288 5432 8 5728 570 206 4952 16.7 2006 Proj. Jul : 206 5560 9 5775 554 250 4971 16.6 Aug : 206 5575 9 5790 554 250 4986 16.7 2007 Proj. Jul : 250 5655 4 5909 595 280 5034 16.7 Aug : 250 5655 4 5909 595 280 5034 16.7 : TOTAL POULTRY 6/ : 2005 : 1005 40935 42 41981 5902 1132 34947 103.7 2006 Proj. Jul : 1132 41677 51 42859 6195 1005 35659 104.8 Aug : 1132 41721 52 42906 6165 1005 35735 105.1 2007 Proj. Jul : 1005 42358 41 43404 6320 1052 36032 105.0 Aug : 1005 42358 41 43404 6320 1052 36032 105.0 : RED MEAT & POULTRY: 2005 : 2192 86781 4846 93819 9274 2212 82333 220.7 2006 Proj. Jul : 2212 89435 4581 96228 10302 2143 83783 222.5 Aug : 2212 89348 4485 96045 10301 2093 83651 222.2 2007 Proj. Jul : 2143 91367 4675 98185 10952 2191 85042 223.8 Aug : 2093 91227 4595 97915 10867 2141 84907 223.5 ============================================================================ 1/ Total including farm production for red meats and, for poultry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis. 3/ 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-437-33 U.S. Egg Supply and Use =============================================================================== : : : 2006 Projected : 2007 Projected : : :-----------------:----------------- Commodity : 2004 : 2005 : Jul : Aug : Jul : Aug =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 13.7 14.5 16.0 16.0 18.0 18.0 Production : 7440.0 7503.6 7608.0 7582.0 7735.0 7705.0 Imports : 12.7 9.0 7.0 8.0 6.8 8.8 Total supply : 7466.4 7527.1 7631.0 7606.0 7759.8 7731.8 : Use : Exports : 167.5 203.3 171.0 175.4 179.0 179.0 Hatching use : 988.1 999.8 996.0 994.3 990.0 990.0 Ending stocks : 14.5 16.0 18.0 18.0 18.0 18.0 Consumption : Total : 6296.3 6308.0 6446.0 6418.3 6572.8 6544.8 Per capita (number) : 257.1 255.2 258.4 257.3 261.1 260.0 =============================================================================== U.S. Milk Supply and Use =============================================================================== : : : 2006 Projected : 2007 Projected Commodity : : :-----------------:----------------- : 2004 : 2005 : Jul : Aug : Jul : Aug =============================================================================== : Billion pounds Milk : Production : 170.9 177.0 182.1 181.3 183.1 183.1 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 : 169.8 175.9 181.0 180.3 182.1 182.1 Imports : 5.3 4.6 4.4 4.4 5.1 5.1 Total cml. supply : 183.4 187.7 193.4 192.7 195.4 195.4 : 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/ : 176.4 179.7 185.2 184.5 187.5 187.5 : Skim-solids Basis Supply : Beg. commercial stocks : 8.5 8.2 9.0 9.0 9.0 8.4 Marketings : 169.8 175.9 181.0 180.3 182.1 182.1 Imports : 4.8 4.5 4.7 4.7 5.7 5.7 Total cml. supply : 183.1 188.6 194.6 193.9 196.8 196.2 : Skim-solids Basis Use : Ending commercial stks : 8.2 9.0 9.0 8.4 8.8 8.8 CCC net removals 1/ : 1.3 -1.0 1.2 0.9 2.3 1.5 Commercial use 2/ : 173.7 180.6 184.4 184.6 185.7 185.9 : : 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 -81 105 75 195 130 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-437-34 U.S. Dairy Prices =============================================================================== : : : 2006 Projected : 2007 Projected : : :-----------------:------------------ Commodity : 2004 : 2005 : Jul : Aug : Jul : Aug =============================================================================== : Dollars per pound : Product Prices 1/ : Cheese : 1.6431 1.4875 1.215- 1.220- 1.295- 1.295- : 1.245 1.240 1.395 1.395 : Butter : 1.8239 1.5405 1.155- 1.210- 1.215- 1.220- : 1.215 1.250 1.345 1.350 : Nonfat dry milk : 0.8405 0.9409 0.840- 0.855- 0.815- 0.815- : 0.870 0.875 0.885 0.885 : Dry whey : 0.2319 0.2782 0.295- 0.295- 0.245- 0.250- : 0.315 0.315 0.275 0.280 : : Dollars per cwt Milk Prices 2/ : Class III : 15.39 14.05 11.40- 11.50- 11.95- 12.00- : 11.70 11.70 12.95 13.00 : Class IV : 13.20 12.87 10.45- 10.75- 10.45- 10.45- : 10.85 11.05 11.55 11.55 : All milk 3/ : 16.05 15.14 12.50- 12.60- 12.85- 12.90- : 12.80 12.80 13.85 13.90 : =============================================================================== 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-437-35 Note: Tables on pages 35-37 present a 25-year record of the differences between the August projection and the final estimate. Using world wheat production as an example, changes between the August projection and the final estimate have averaged 11.6 million tons (2.2%) ranging from -32.1 to 19.5 million tons. The August projection has been below the estimate 15 times and above 10 times. Reliability of August 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 : 2.2 11.6 -32.1 19.5 15 10 U.S. : 2.0 1.2 -3.4 4.2 9 16 Foreign : 2.3 11.1 -31.1 17.8 15 10 Exports : World : 4.3 4.9 -12.4 10.2 17 8 U.S. : 8.6 2.8 -10.0 7.8 11 13 Foreign : 5.4 4.5 -11.3 7.2 16 9 Domestic use : World : 1.6 8.8 -23.4 15.4 14 11 U.S. : 5.9 1.8 -3.7 3.6 11 14 Foreign : 1.6 8.0 -21.1 14.5 15 10 Ending stocks : World : 8.0 10.5 -28.1 23.7 18 7 U.S. : 13.6 3.2 -11.1 12.6 13 12 Foreign : 8.7 9.1 -24.3 11.2 18 7 : COARSE GRAINS 3/ : Production : World : 2.1 18.0 -51.0 32.7 18 7 U.S. : 4.9 10.9 -22.1 31.4 18 7 Foreign : 2.0 12.2 -28.9 20.0 15 10 Exports : World : 5.3 5.6 -10.9 17.4 16 9 U.S. : 14.2 7.5 -19.7 14.9 11 14 Foreign : 13.5 7.0 -18.1 14.2 14 11 Domestic use : World : 1.5 12.7 -29.4 24.3 13 12 U.S. : 3.7 7.0 -15.9 16.9 18 7 Foreign : 1.5 9.7 -20.2 23.3 15 10 Ending stocks : World : 14.1 19.2 -53.5 30.5 19 6 U.S. : 24.9 12.1 -43.5 22.1 13 12 Foreign : 14.0 11.6 -28.7 17.2 20 5 : RICE, milled : Production : World : 1.9 6.5 -24.4 4.1 17 8 U.S. : 4.9 0.3 -0.6 0.5 15 10 Foreign : 1.9 6.6 -24.7 4.2 18 7 Exports : World : 8.3 1.6 -6.9 0.9 16 9 U.S. : 8.4 0.2 -1.0 0.9 14 9 Foreign : 9.4 1.6 -6.8 0.8 16 9 Domestic use : World : 1.3 4.4 -23.5 3.5 20 5 U.S. : 6.6 0.2 -0.4 0.5 13 12 Foreign : 1.4 4.5 -24.0 3.7 19 6 Ending stocks : World : 11.0 4.8 -14.5 7.9 20 5 U.S. : 22.3 0.2 -0.4 1.0 14 10 Foreign : 11.6 4.8 -15.5 7.5 20 5 =============================================================================== 1/ Footnotes at end of table. CONTINUED WASDE-437-36 Reliability of August 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 : 3.3 4.7 -13.4 17.4 15 10 U.S. : 5.6 3.5 -8.0 11.1 12 13 Foreign : 6.6 4.9 -10.6 15.7 13 12 Exports : World : 6.3 2.4 -9.1 9.1 15 10 U.S. : 10.8 2.4 -6.1 5.5 13 12 Foreign : 18.5 2.5 -9.4 6.0 11 14 Domestic use : World : 3.3 4.4 -8.8 13.2 15 10 U.S. : 4.3 1.7 -3.9 4.1 17 8 Foreign : 4.2 4.0 -7.4 9.1 16 9 Ending stocks : World : 12.5 2.8 -14.7 5.5 13 12 U.S. : 40.6 2.9 -9.9 6.9 8 17 Foreign : 17.8 3.1 -14.3 7.8 15 10 : COTTON : Million 480-pound bales Production : World : 3.6 3.2 -13.2 10.5 14 11 U.S. : 6.4 1.1 -3.1 3.9 15 9 Foreign : 3.9 2.8 -10.7 10.2 13 11 Exports : World : 5.3 1.4 -5.1 2.3 12 13 U.S. : 15.9 1.0 -2.1 2.0 15 10 Foreign : 6.2 1.2 -3.3 1.9 12 13 Mill use : World : 2.7 2.3 -7.5 3.3 11 14 U.S. : 6.4 0.5 -1.2 1.3 14 9 Foreign : 2.8 2.2 -7.1 4.0 12 13 Ending stocks : World : 13.0 4.7 -12.5 14.2 17 8 U.S. : 30.7 1.3 -2.4 3.1 9 16 Foreign : 13.2 4.2 -13.0 12.3 19 6 =============================================================================== 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-437-37 Reliability of United States August 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 : 5.3 403 -889 1079 17 8 Exports : 15.0 271 -750 546 10 15 Domestic use : 4.3 274 -553 510 18 7 Ending stocks : 29.0 440 -1674 740 13 12 : SORGHUM : Production : 6.5 39 -82 108 13 12 Exports : 16.0 37 -115 97 12 13 Domestic use : 10.1 41 -114 81 11 14 Ending stocks : 39.3 49 -201 133 10 15 : BARLEY : Production : 4.9 19 -63 67 9 16 Exports : 28.9 17 -82 38 12 11 Domestic use : 8.4 28 -47 82 10 14 Ending stocks : 15.2 25 -61 94 11 14 : OATS : Production : 7.8 17 -26 57 5 20 Exports : 66.4 2 -5 8 7 10 Domestic use : 4.5 15 -39 35 9 16 Ending stocks : 15.2 17 -40 37 10 15 : : Thousand short tons SOYBEAN MEAL : Production : 4.1 1266 -2858 3592 17 8 Exports : 13.6 877 -2050 1800 12 13 Domestic use : 3.1 731 -1550 1909 16 9 Ending stocks : 29.4 68 -204 428 8 13 : : Million pounds SOYBEAN OIL : Production : 4.0 602 -1583 1238 14 11 Exports : 24.0 360 -1350 1219 10 14 Domestic use : 2.7 343 -1085 708 18 7 Ending stocks : 33.1 518 -1353 1078 10 15 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 4.0 995 -802 2536 16 7 Pork : 2.3 382 -1315 1242 13 10 Broilers : 2.0 496 -1337 1338 15 8 Turkeys : 2.2 98 -444 235 15 8 : : Million dozen Eggs : 1.4 83 -111 188 16 7 : : Billion pounds Milk : 1.4 2.2 -7.0 6.8 11 12 =============================================================================== 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 23 for animal production if projection was the same as the final estimate. 4/ Calendar years 1983 thru 2005 for meats, eggs, and milk. Final for animal products is defined as latest annual production estimate published by NASS. -----------------------------End of File-------------------------