ISSN:1554-9089 WASDE-440 November 9, 2006 WHEAT: The U.S. wheat and wheat by class balance sheets are unchanged from last month. Wheat ending stocks for 2006/07 are projected at 418 million bushels, down 27 percent from 2005/06 and the smallest since 1995/96. The price range is narrowed 5 cents on each end of the range to $4.15 to $4.55 per bushel. Global 2006/07 wheat production is raised to 587 million tons, up 2 million from last month, but down 32 million from 2005/06. Increases in Russia, Romania, and Ukraine more than offset declines in Australia, Brazil, and EU-25. Russia production is raised 2 million tons as good fall weather allowed for extended harvesting and higher output. Production for Romania and Ukraine are also raised on higher yields. Australia production is reduced to 10.5 million tons, down 0.5 million from last month as October drought and heat further reduced winter crop prospects in most of the major growing areas. Production is also lowered 0.5 million tons for Brazil, as a result of early season frost damage in the southern growing areas. Production in EU-25 is lowered as harvest results indicate lower production for France, Italy, Poland, and the United Kingdom, which more than offset an increase for Spain. Global consumption and trade are both raised this month as ending stocks decline for a fourth straight month. Consumption for 2006/07 is raised 2 million tons to 615 million. Increased feeding in Australia and FSU-12 account for most of the increase. Feed use is increased for Australia as pasture has been devastated by the ongoing drought. Increased FSU-12 wheat feeding reflects larger available supplies resulting from higher production. Exports for Australia are lowered 1 million tons and Ukraine is down 0.5 million due to the slow pace of shipments caused by government intervention; however, higher Russia and China exports offset these reductions. Overall, global trade is raised slightly. Ending stocks drop 0.5 million tons to 118.8 million, and are down 19 percent from 2005/06. COARSE GRAINS: U.S. corn production for 2006 is forecast at 10.7 billion bushels, down 160 million bushels from last month. The national average yield is lowered 2.3 bushels per acre this month largely reflecting declines in Illinois, Indiana, Iowa, and Nebraska. Feed and residual use is lowered 50 million bushels reflecting sharply higher cash prices and the reduced crop. Exports are also lowered 50 million bushels as prices are expected to slow the pace of sales and shipments later in the year as supplies tighten. Ending stocks are projected 60 million bushels lower at 935 million. The 2006/07 marketing year average price is raised 40 cents on both ends of the range to $2.80 to $3.20 per bushel. Despite the strength of current cash prices, farm prices are expected to lag current cash levels as a result of farmer forward pricing during this past spring and summer. U.S. grain sorghum production for 2006/07 is lowered 13 million bushels this month as the national average yield is forecast 2.4 bushels per acre lower. Kansas production is lowered 12 million bushels accounting for most of the decline, but Illinois and Nebraska production are also forecast lower. Feed and residual is lowered 5 million bushels on higher prices and the smaller crop. Ending stocks are lowered 8 million bushels. The projected price range is raised 60 cents on both ends of the range to $2.80 to 3.20 per bushel, in line with corn prices. Barley and oats supply and use are unchanged this month. Barley prices are projected higher at $2.75 to $3.05 per bushel as compared with $2.55 to $2.95 per bushel last month. Oats prices are projected at $1.75 to 1.95 per bushel as compared with $1.70 to $2.10 per bushel last month. Global 2006/07 coarse grain production is lowered 0.3 million tons to 964.5 million tons. Production is decreased for Australia barley, EU-25 barley and oats, and Romania corn. These reductions, combined with the U.S. corn reduction, more than offset increases in China and Brazil corn and FSU-12 barley and oats. Australia barley production is lowered 0.3 million tons this month to 4.2 million based on October's continuation of drought and heat. China corn production is raised to 143 million tons, up 2 million from last month based on indications of higher than expected yields in the major growing areas. World coarse grain consumption and exports are both lowered this month. Global coarse grain ending stocks are raised 1.0 million tons as higher corn stocks in China and higher barley stocks in Ukraine, more than offset the reduction in U.S. corn ending stocks. RICE: U.S. rice production in 2006/07 is forecast at 193.3 million cwt, up 1.0 million cwt from last month. Harvested area remains projected at 2.82 million acres, down 16 percent from a year earlier. The average yield is estimated at 6,847 pounds per acre, up 36 pounds per acre from last month, and 211 pounds above 2005/06. Long-grain production is projected at 143.7 million cwt, up 0.8 million cwt from last month, while combined medium- and short- grain production is estimated at 49.6 million cwt, up 0.3 million cwt from a month ago. No changes are made on the use side. Exports are projected at 97 million cwt. Ending stocks of all rice are projected at 34.5 million cwt, 1.0 million cwt above last month but 8.5 million below a year earlier. The season-average farm price is projected at $9.00 to $9.50 per cwt, unchanged from last month. Global 2006/07 rice production and consumption are lowered from a month ago, while trade and ending stocks are little changed. Global production is projected at 416.5 million tons, 0.9 million tons below last month, but 1.0 million tons above 2005/06. The decrease in global production is due primarily to smaller crops projected for Brazil, Burma, and Thailand. Brazil's 2006/07 production is projected at 7.9 million tons, 600,000 tons below a month ago due to a decrease in area. Global rice ending stocks for 2006/07 are projected at 78.8 million tons, down slightly from last month but down 1.7 million tons from 2005/06. OILSEEDS: U.S. oilseed ending stocks for 2006/07 are projected at 16.7 million tons, up 0.3 million tons from last month due to increased production. U.S. total oilseed production is projected at 97.0 million tons, up 0.7 million tons from last month. Soybean production is forecast at a record 3,204 million bushels, up 15 million bushels from last month based on a soybean yield of 43.0 bushels per acre. Soybean crush is raised slightly this month due to improved soybean meal export prospects. Soybean ending stocks are raised 10 million bushels to 565 million. Soybean and product prices are all raised this month. The U.S. season-average soybean price for 2006/07 is projected at $5.40 to $6.40 per bushel, up 50 cents on both ends of the range reflecting year-to-date price movements and strength in the corn market. Soybean meal prices are projected at $165 to $190 per short ton, compared with $147.50 to $177.50 last month. Soybean oil prices are projected at 24 to 28 cents per pound, up 1 cent on both ends of the range. Global oilseed production for 2006/07 is projected at a record 392.5 million tons, up 2.1 million tons from last month. Foreign oilseed production is increased 1.5 million tons primarily due to higher sunflowerseed and cottonseed production. Sunflowerseed production for Russia and Ukraine are each raised to record levels this month based on higher-than-expected yields. Higher yields are in part due to increased use of hybrid seed in the past 2 years. Sunflowerseed production is also raised for Bulgaria based on higher yields and increased area. Global cottonseed production is raised this month as increased production for China, Uzbekistan, and the United States is only partly offset by reduced production in EU-25. Other changes include reduced rapeseed production for Australia, where drought has reduced yields by 50 percent from last year. Global oilseed crush is raised this month reflecting increased sunflowerseed crush in Russia and Ukraine, and increased soybean crush in Argentina and the United States. Global oilseed stocks are raised as higher stocks in the United States more than offset a small reduction in foreign stocks, including lower rapeseed stocks for Canada and reduced soybean stocks for Argentina. SUGAR: Projected 2006/07 U.S. sugar supply is increased 115,000 short tons, raw value, from last month, due to higher beginning stocks and production. Production is increased 62,000 tons, based on processor estimates compiled by the Farm Service Agency. Sugar use is unchanged. For 2005/06, supply is decreased 34,000 tons based on final data from processors. Total deliveries and exports are decreased 29,000 tons from last month. Ending stocks are 1.761 million tons, up 53,000 from last month's estimate. LIVESTOCK, POULTRY, AND DAIRY: Forecasts of total U.S. meat production for 2006 and 2007 are reduced from last month. For 2006, slight increases in beef, pork, and turkey production are more than offset by lower broiler meat production. For 2007, weaker forecast broiler prices coupled with higher feed prices are expected to result in a continued slowing of broiler meat production. Beef production is forecast slightly lower because the pace of feedlot marketings remains slower than expected. The cattle price forecast for 2007 is reduced because of large cattle on feed supplies. Hog prices are raised in 2006 and early 2007 to reflect continued robust demand. Broiler price forecasts are reduced due to ample supplies and lagging product prices. Conversely, turkey price forecasts are raised as whole bird supplies are tight and production growth is expected to be moderate. The milk production forecasts for 2006 and 2007 are lowered. Despite higher forecast milk prices, increased feed costs are likely to lead to a more rapid decline in cow numbers in the latter part of 2006 and through 2007. Growth in milk per cow is also reduced slightly. Forecast prices for butter for 2006 are lowered to reflect relatively large supplies, but forecasts of cheese, nonfat dry milk, and whey are raised to reflect relatively strong demand. Prices for 2007 dairy products are raised as growth in supplies of dairy products will be slower than last month and demand is expected to remain firm. Forecasts for Class III and IV and all milk prices for 2006 and 2007 are raised to reflect higher product prices. The all milk price for 2006 is forecast at $12.80 to $12.90, and the price forecast for 2007 is raised to $13.40 to $14.30. COTTON: This month's U.S. 2006/07 cotton estimates include increases in production, disappearance, and ending stocks. Production is raised 3 percent to 21.3 million bales, with increases mainly in Alabama, Georgia, Mississippi, and Texas. Domestic mill use is lowered 100,000 bales to 5.2 million, reflecting lower activity in recent months. The export estimate is raised 200,000 bales to 16.2 million due to the larger supply. Ending stocks are raised to 6.0 million bales, about even with the beginning level. The 2006/07 world cotton forecasts show lower beginning stocks, production, trade, and ending stocks compared with last month. World production is reduced nearly 500,000 bales as reductions for Pakistan, Australia, Greece, Syria, Turkey, and others are partially offset by increases for China, the United States, and Burkina Faso. World consumption is virtually unchanged. World trade is lowered, as China's imports are reduced based on higher production and weak demand to date. These revisions result in a 2-percent reduction in world stocks from last month's level to about 51 million bales. 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 You are invited to attend: Agriculture at the Crossroads: Energy, Farm & Rural Policy Crystal Gateway Marriott Hotel Arlington, Virginia March 1-2, 2007 The Forum will feature Secretary Mike Johanns, distinguished guest speakers, and a panel of America's leading CEOs focusing on the impact of bioenergy on agriculture. Attendees at the 83rd annual Outlook Forum will include top officials, industry analysts, business leaders, farmers and ranchers, and other experts in agriculture. $300 if you register by Feb. 5, 2007 $350 if you register after Feb. 5, 2007 For a program preview & to register, go to: www.usda.gov/oce/forum Networking opportunities, 1,500 expected to attend Topical sessions, including luncheon and dinner speakers To get updates on the meeting, send your e-mail and postal address to agforum@oce.usda.gov or write to 2007 Outlook Forum, Room 4426 South Building, USDA, Washington, D.C. 20250-3812. Trends * Forecasts * Policies For questions about the WASDE report, call (202) 720-5447. RELATED USDA REPORTS The WASDE report incorporates information from a number of statistical reports published by USDA and other government agencies. In turn, the WASDE report provides a framework for more detailed reports issued by USDA Economic Research Service and Foreign Agricultural Service. See http://www.usda.gov/oce/waob/related.htm for an explanation of related reports. SUPPLY AND DEMAND DATABASE The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive database of supply and demand balances by commodity for 190 countries and regions at http://www.fas.usda.gov/psd/. Data for grains, oilseeds, and cotton are updated monthly and data for other commodities are updated less frequently. Data series go back to 1960/61 for many commodities. Users can download pre-defined tables, create custom queries, and import data into their own spreadsheets. SUBSCRIPTIONS Mail subscriptions cost $60.00; 2- and 3-year subscriptions are available. Call 1-800-999-6779 or 703-605-6220, 8:30 a.m.-5:00 pm. ET, or write ERS-NASS, 5285 Port Royal Road, Springfield, Virginia 22161. Subscriptions are also available from the Superintendent of Documents, U.S. Government Printing Office. Internet: http://bookstore.gpo.gov. Phone: toll free (866) 512-1800; DC area (202) 512-1800. Fax: (202) 512-2250. Mail: Government Printing Office, Stop SSOP, Washington, D.C. 20402-0001. ELECTRONIC ACCESS This report and other USDA releases are posted electronically in either ascii text format or pdf (Adobe Acrobat) format at http://usda.mannlib.cornell.edu/. Acrobat files can be viewed or printed in their original form, page by page. Click on the "Reports by E-Mail" button to sign up for e-mail delivery of the WASDE and other USDA releases in text format. An electronic calendar of USDA release dates is posted at: http://www.usda.gov/news/releases/rptcal/calindex.htm. WASDE-440-8 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 : 2,043.92 2,401.88 241.22 1,993.34 408.54 2005/06 (Est.) : 2,009.62 2,418.16 248.71 2,023.40 394.76 2006/07 (Proj.) : October : 1,967.35 2,361.33 242.32 2,042.58 318.75 November : 1,967.80 2,362.57 241.43 2,043.25 319.31 Wheat : 2004/05 : 628.84 761.52 111.21 610.12 151.41 2005/06 (Est.) : 618.92 770.33 115.48 623.26 147.07 2006/07 (Proj.) : October : 585.14 732.38 108.96 613.07 119.30 November : 586.81 733.87 109.11 615.05 118.83 Coarse grains 4/ : 2004/05 : 1,014.59 1,154.48 101.64 975.48 178.99 2005/06 (Est.) : 975.25 1,154.24 105.33 987.12 167.12 2006/07 (Proj.) : October : 964.76 1,131.22 105.10 1,010.61 120.61 November : 964.47 1,131.59 104.18 1,009.94 121.65 Rice, milled : 2004/05 : 400.49 485.88 28.38 407.74 78.14 2005/06 (Est.) : 415.45 493.59 27.90 413.02 80.58 2006/07 (Proj.) : October : 417.45 497.73 28.26 418.89 78.84 November : 416.52 497.10 28.14 418.26 78.84 : : United States Total grains 3/ : 2004/05 : 385.62 434.59 83.91 275.97 74.71 2005/06 (Est.) : 363.13 442.64 91.28 279.60 71.76 2006/07 (Proj.) : October : 345.54 423.24 90.07 291.61 41.57 November : 341.17 418.88 88.80 290.22 39.87 Wheat : 2004/05 : 58.74 75.53 29.01 31.82 14.70 2005/06 (Est.) : 57.28 74.20 27.47 31.19 15.55 2006/07 (Proj.) : October : 49.32 67.72 25.17 31.16 11.38 November : 49.32 67.72 25.17 31.16 11.38 Coarse grains 4/ : 2004/05 : 319.42 350.42 51.41 240.22 58.80 2005/06 (Est.) : 298.74 359.57 60.13 244.60 54.84 2006/07 (Proj.) : October : 290.12 347.48 61.81 256.55 29.12 November : 285.72 343.08 60.54 255.15 27.39 Rice, milled : 2004/05 : 7.46 8.64 3.50 3.94 1.21 2005/06 (Est.) : 7.11 8.87 3.69 3.81 1.37 2006/07 (Proj.) : October : 6.11 8.05 3.08 3.90 1.06 November : 6.14 8.08 3.08 3.91 1.09 =============================================================================== 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-440-9 World and U.S. Supply and Use for Grains, Continued 1/ Million Metric Tons =============================================================================== : : Total : : Total : Ending Commodity : Output : Supply : Trade 2/ : Use : Stocks =============================================================================== : : Foreign 3/ Total grains 4/ : 2004/05 : 1,658.31 1,967.29 157.31 1,717.37 333.83 2005/06 (Est.) : 1,646.49 1,975.53 157.43 1,743.80 323.01 2006/07 (Proj.) : October : 1,621.81 1,938.08 152.25 1,750.97 277.18 November : 1,626.63 1,943.69 152.63 1,753.04 279.45 Wheat : 2004/05 : 570.11 685.99 82.20 578.29 136.71 2005/06 (Est.) : 561.64 696.12 88.01 592.07 131.52 2006/07 (Proj.) : October : 535.83 664.66 83.79 581.91 107.92 November : 537.49 666.15 83.94 583.88 107.45 Coarse grains 5/ : 2004/05 : 695.17 804.06 50.23 735.27 120.20 2005/06 (Est.) : 676.51 794.67 45.21 742.52 112.28 2006/07 (Proj.) : October : 674.64 783.75 43.29 754.07 91.49 November : 678.75 788.51 43.64 754.80 94.26 Rice, milled : 2004/05 : 393.02 477.24 24.88 403.80 76.93 2005/06 (Est.) : 408.34 484.73 24.21 409.21 79.21 2006/07 (Proj.) : October : 411.34 489.68 25.18 414.99 77.77 November : 410.39 489.02 25.06 414.36 77.74 =============================================================================== 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 : 120.39 163.45 35.02 108.82 54.07 2005/06 (Est.) : 114.14 168.21 45.36 115.85 53.81 2006/07 (Proj.) : October : 116.19 170.90 42.36 120.98 52.26 November : 115.72 169.53 41.55 120.88 51.05 : United States 2004/05 : 23.25 26.73 14.44 6.69 5.50 2005/06 (Est.) : 23.89 29.41 18.04 5.89 6.05 2006/07 (Proj.) : October : 20.66 26.74 16.00 5.30 5.40 November : 21.30 27.38 16.20 5.20 6.00 : Foreign 3/ 2004/05 : 97.14 136.72 20.59 102.13 48.57 2005/06 (Est.) : 90.25 138.80 27.32 109.96 47.76 2006/07 (Proj.) : October : 95.53 144.16 26.36 115.68 46.86 November : 94.42 142.16 25.35 115.68 45.05 =============================================================================== 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-440-10 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 : 381.29 425.14 74.56 302.14 56.32 2005/06 (Est.) : 388.30 444.62 76.66 316.94 61.72 2006/07 (Proj.) : October : 390.39 451.85 82.67 325.94 61.07 November : 392.53 454.25 82.84 327.51 61.33 Oilmeals : 2004/05 : 205.98 213.07 60.17 203.98 8.39 2005/06 (Est.) : 214.79 223.18 65.24 215.06 7.57 2006/07 (Proj.) : October : 222.58 230.03 66.78 223.05 6.48 November : 223.36 230.94 67.18 223.84 6.47 Vegetable Oils : 2004/05 : 111.22 119.41 42.35 108.62 9.30 2005/06 (Est.) : 117.09 126.39 45.35 115.31 9.26 2006/07 (Proj.) : October : 121.23 130.64 47.27 121.14 8.09 November : 121.64 130.90 47.37 121.21 8.17 : : United States Oilseeds : 2004/05 : 95.94 100.77 30.71 50.17 8.29 2005/06 (Est.) : 95.53 104.49 26.81 51.90 14.18 2006/07 (Proj.) : October : 96.36 111.35 32.04 52.66 16.34 November : 97.03 112.00 32.12 52.84 16.66 Oilmeals : 2004/05 : 39.27 41.07 6.96 33.90 0.22 2005/06 (Est.) : 39.98 41.85 7.55 33.93 0.37 2006/07 (Proj.) : October : 40.82 42.82 7.83 34.67 0.33 November : 40.96 43.00 7.99 34.69 0.33 Vegetable Oils : 2004/05 : 9.76 12.39 0.84 10.45 1.09 2005/06 (Est.) : 10.40 13.89 0.90 11.21 1.78 2006/07 (Proj.) : October : 10.22 14.34 0.86 11.92 1.55 November : 10.26 14.42 0.86 12.00 1.56 : : Foreign 3/ Oilseeds : 2004/05 : 285.35 324.37 43.85 251.98 48.03 2005/06 (Est.) : 292.77 340.13 49.85 265.04 47.54 2006/07 (Proj.) : October : 294.03 340.50 50.62 273.28 44.73 November : 295.51 342.25 50.72 274.67 44.68 Oilmeals : 2004/05 : 166.71 172.00 53.21 170.07 8.18 2005/06 (Est.) : 174.80 181.33 57.70 181.14 7.20 2006/07 (Proj.) : October : 181.76 187.21 58.95 188.38 6.15 November : 182.41 187.94 59.19 189.16 6.15 Vegetable Oils : 2004/05 : 101.46 107.02 41.51 98.17 8.21 2005/06 (Est.) : 106.69 112.50 44.45 104.10 7.48 2006/07 (Proj.) : October : 111.02 116.30 46.41 109.21 6.54 November : 111.38 116.48 46.51 109.21 6.62 =============================================================================== 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-440-11 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :============================== : : Est. : October November =============================================================================== Area : Million acres Planted : 59.7 57.2 57.3 57.3 Harvested : 50.0 50.1 46.8 46.8 Yield per harvested : Bushels acre : 43.2 42.0 38.7 38.7 : Million bushels Beginning stocks : 546 540 571 571 Production : 2,158 2,105 1,812 1,812 Imports : 71 82 105 105 Supply, total : 2,775 2,727 2,488 2,488 Food : 910 915 920 920 Seed : 78 78 80 80 Feed and residual : 182 153 145 145 Domestic, total : 1,169 1,146 1,145 1,145 Exports : 1,066 1,009 925 925 Use, total : 2,235 2,155 2,070 2,070 Ending stocks : 540 571 418 418 CCC inventory : 54 43 35 35 Free stocks : 486 528 383 383 Outstanding loans : 58 42 15 15 Avg. farm price ($/bu) 2/ : 3.40 3.42 4.10- 4.60 4.15- 4.55 =============================================================================== 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 : 478 225 241 118 84 1,146 Exports : 430 282 76 175 47 1,009 Use, total : 908 506 318 293 131 2,155 Ending stocks, total : 215 132 106 78 40 571 : 2006/07 (projected) : Beginning stocks : 215 132 106 78 40 571 Production : 682 432 390 254 53 1,812 Supply, total 3/ : 898 608 511 342 129 2,488 Domestic use : 473 222 274 97 79 1,145 Exports : 300 265 140 190 30 925 Use, total : 773 487 414 287 109 2,070 Ending stocks, total : November : 125 121 97 55 20 418 October : 125 121 97 55 20 418 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. WASDE-440-12 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :============================== : : Est. : October November =============================================================================== FEED GRAINS : Area : Million acres Planted : 97.0 96.3 92.5 92.5 Harvested : 86.0 85.9 80.9 80.9 Yield per harvested : Metric tons acre : 3.71 3.47 3.58 3.53 : Million metric tons Beginning stocks : 28.7 58.8 54.8 54.8 Production : 319.2 298.5 289.9 285.5 Imports : 2.1 1.9 2.4 2.4 Supply, total : 350.1 359.2 347.1 342.8 Feed and residual : 165.8 162.8 160.5 159.1 Food, seed & industrial : 74.1 81.5 95.8 95.8 Domestic, total : 239.9 244.3 256.2 254.8 Exports : 51.4 60.1 61.8 60.5 Use, total : 291.3 304.4 318.0 315.4 Ending stocks, total : 58.8 54.8 29.1 27.4 CCC inventory : 0.0 0.0 0.0 0.0 Free stocks : 58.8 54.8 29.1 27.4 Outstanding loans : 7.2 4.4 7.4 6.4 : CORN : Area : Million acres Planted : 80.9 81.8 78.6 78.6 Harvested : 73.6 75.1 71.0 71.0 Yield per harvested : Bushels acre : 160.4 147.9 153.5 151.2 : Million bushels Beginning stocks : 958 2,114 1,971 1,971 Production : 11,807 11,112 10,905 10,745 Imports : 11 9 10 10 Supply, total : 12,776 13,235 12,886 12,725 Feed and residual : 6,158 6,136 6,100 6,050 Food, seed & industrial : 2,686 2,981 3,540 3,540 Ethanol for fuel 2/ : 1,323 1,603 2,150 2,150 Domestic, total : 8,844 9,117 9,640 9,590 Exports : 1,818 2,147 2,250 2,200 Use, total : 10,662 11,264 11,890 11,790 Ending stocks, total : 2,114 1,971 996 935 CCC inventory : 1 0 0 0 Free stocks : 2,113 1,970 996 935 Outstanding loans : 280 171 290 250 Avg. farm price ($/bu) 3/ : 2.06 2.00 2.40- 2.80 2.80- 3.20 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further breakout of FSI corn uses including ethanol, see the Feed Outlook table 5 or access the data on the Web through the Feed Grain Data Delivery System (http://www.ers.usda.gov/db/feedgrains/). 3/ Marketing-year weighted average price received by farmers. WASDE-440-13 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :============================== : : Est. : October November =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 7.5 6.5 6.3 6.3 Area harv. (mil. acres) : 6.5 5.7 5.3 5.3 Yield (bushels/acre) : 69.6 68.7 56.6 54.2 Beginning stocks : 34 57 65 65 Production : 454 394 301 288 Imports : 0 0 0 0 Supply, total : 487 451 366 354 Feed and residual : 191 141 100 95 Food, seed & industrial : 55 50 55 55 Total domestic : 246 191 155 150 Exports : 184 195 165 165 Use, total : 430 386 320 315 Ending stocks, total : 57 65 46 39 Avg. farm price ($/bu) 2/ : 1.79 1.86 2.20- 2.60 2.80- 3.20 : 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 61.0 61.0 Beginning stocks : 120 128 108 108 Production : 280 212 180 180 Imports : 12 5 15 15 Supply, total : 412 346 303 303 Feed and residual : 103 52 40 40 Food, seed & industrial : 157 158 155 155 Total domestic : 261 210 195 195 Exports : 23 28 20 20 Use, total : 284 238 215 215 Ending stocks, total : 128 108 88 88 Avg. farm price ($/bu) 2/ : 2.48 2.53 2.55- 2.95 2.75- 3.05 : OATS : Area planted (mil. acres) : 4.1 4.2 4.2 4.2 Area harv. (mil. acres) : 1.8 1.8 1.6 1.6 Yield (bushels/acre) : 64.7 63.0 59.5 59.5 Beginning stocks : 65 58 53 53 Production : 116 115 94 94 Imports : 90 91 105 105 Supply, total : 271 264 251 251 Feed and residual : 136 135 125 125 Food, seed & industrial : 74 74 75 75 Total domestic : 210 209 200 200 Exports : 3 2 2 2 Use, total : 213 211 202 202 Ending stocks, total : 58 53 49 49 Avg. farm price ($/bu) 2/ : 1.48 1.63 1.70- 2.10 1.75- 1.95 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum, June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. WASDE-440-14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :============================== : : Est. : October November =============================================================================== TOTAL : Area : Million acres Planted : 3.35 3.38 2.84 2.84 Harvested : 3.33 3.36 2.82 2.82 Yield per harvested : Pounds acre : 6,988 6,636 6,811 6,847 : : Million hundredweight : Beginning stocks 2/ : 23.7 37.7 43.0 43.0 Production : 232.4 223.2 192.3 193.3 Imports : 13.2 17.1 18.0 18.0 Supply, total : 269.2 278.1 253.3 254.3 Domestic & residual 3/ : 122.7 119.3 122.8 122.8 Exports, total 4/ : 108.8 115.8 97.0 97.0 Rough : 33.9 34.1 35.0 35.0 Milled (rough equiv.) : 75.0 81.6 62.0 62.0 Use, total : 231.5 235.1 219.8 219.8 Ending stocks : 37.7 43.0 33.4 34.5 Avg. milling yield (%) 5/ : 70.8 70.2 70.0 70.0 Avg. farm price ($/cwt) 6/ : 7.33 7.62 9.00- 9.50 9.00- 9.50 : LONG GRAIN : Harvested acres (mil.) : 2.57 2.73 Yield (pounds/acre) : 6,630 6,493 Beginning stocks : 10.3 22.7 32.7 32.7 Production : 170.4 177.5 142.9 143.7 Supply, total 7/ : 191.3 212.5 188.6 189.3 Domestic & Residual 3/ : 84.7 86.9 89.8 89.8 Exports 8/ : 83.8 93.0 75.0 75.0 Use, total : 168.5 179.9 164.8 164.8 Ending stocks : 22.7 32.7 23.8 24.6 : : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.75 0.63 Yield (pounds/acre) : 8,212 7,255 Beginning stocks : 12.4 13.8 9.4 9.4 Production : 61.9 45.7 49.4 49.6 Supply, total 7/ : 76.8 64.7 63.8 64.1 Domestic & Residual 3/ : 38.0 32.5 33.1 33.1 Exports 8/ : 25.0 22.8 22.0 22.0 Use, total : 63.0 55.2 55.1 55.1 Ending stocks : 13.8 9.4 8.7 9.0 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2004/05-1.0; 2005/06-1.1; 2006/07-0.9. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. WASDE-440-15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :=============================== : : Est. : October November =============================================================================== SOYBEANS: : Million acres Area : Planted : 75.2 72.0 75.6 75.6 Harvested : 74.0 71.3 74.5 74.5 : : Bushels Yield per harvested : acre : 42.2 43.0 42.8 43.0 : : Million bushels : Beginning stocks : 112 256 449 449 Production : 3,124 3,063 3,189 3,204 Imports : 6 3 4 4 Supply, total : 3,242 3,322 3,641 3,657 Crushings : 1,696 1,739 1,775 1,780 Exports : 1,097 947 1,145 1,145 Seed : 88 93 91 91 Residual : 104 95 75 75 Use, total : 2,986 2,874 3,086 3,091 Ending stocks : 256 449 555 565 Avg. farm price ($/bu) 2/ : 5.74 5.66 4.90- 5.90 5.40 - 6.40 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 1,076 1,699 3,029 2,968 Production : 19,360 20,393 20,060 20,115 Imports : 26 35 55 55 Supply, total : 20,462 22,127 23,144 23,138 Domestic : 17,439 18,009 19,200 19,200 Exports : 1,324 1,150 1,250 1,250 Use, total : 18,763 19,159 20,450 20,450 Ending stocks : 1,699 2,968 2,694 2,688 Average price (c/lb) 2/ : 23.01 23.41 23.00- 24.00- : 27.00 28.00 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 211 172 300 320 Production : 40,715 41,241 42,285 42,415 Imports : 147 140 165 165 Supply, total : 41,073 41,553 42,750 42,900 Domestic : 33,561 33,283 34,100 34,100 Exports : 7,340 7,950 8,350 8,500 Use, total : 40,901 41,233 42,450 42,600 Ending stocks : 172 320 300 300 Average price ($/s.t.) 2/ : 182.89 174.17 147.50- 165.00- : 177.50 190.00 =============================================================================== Note: Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and meal. 2/ Prices: Soybeans, marketing year weighted average price received by farmers; for Oil, simple average of crude soybean oil, Decatur; for Meal, simple average of 48 percent, Decatur. WASDE-440-16 U.S. Sugar Supply and Use 1/ ====================================================================== : : : 2006/07 Projection Item : 2004/05 : 2005/06 :====================== : : Estimate : October November ====================================================================== : 1,000 short tons, raw value : Beginning stocks : 1,897 1,332 1,708 1,761 Production 2/ : 7,877 7,399 8,456 8,518 Beet sugar : 4,611 4,444 4,890 4,901 Cane sugar : 3,266 2,955 3,566 3,617 Florida : 1,693 1,367 1,736 1,736 Hawaii : 258 223 267 263 Louisiana : 1,157 1,190 1,365 1,420 Texas : 158 175 198 198 Imports : 2,100 3,443 2,206 2,206 TRQ 3/ : 1,408 2,588 1,821 1,821 Other program 4/ : 500 349 325 325 Other 5/ : 192 506 60 60 Supply, total : 11,874 12,174 12,370 12,485 : Exports : 259 203 200 200 Deliveries : 10,188 10,326 10,415 10,415 Food : 10,019 10,169 10,250 10,250 Other 6/ : 169 157 165 165 Miscellaneous 7/ : 95 -116 0 0 Use, total : 10,542 10,413 10,615 10,615 Ending stocks : 1,332 1,761 1,755 1,870 : Stocks to use ratio : 12.6 16.9 16.5 17.6 ====================================================================== 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 shortfall of 75,000 tons. 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2005/06, high-tier (450) and other (56). For 2006/07, high-tier (50) and other (10). 6/ Transfers to sugar- containing products for reexport, and for nonedible alcohol and feed. 7/ Residual statistical discrepancies. WASDE-440-17 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2006/07 Projections Item : 2004/05 : 2005/06 :=============================== : : Est. : October November =============================================================================== : Million acres Area : Planted : 13.66 14.25 15.28 15.28 Harvested : 13.06 13.80 12.82 12.82 : : Pounds Yield per harvested : acre : 855 831 774 798 : : Million 480 pound bales : Beginning stocks 2/ : 3.45 5.50 6.05 6.05 Production : 23.25 23.89 20.66 21.30 Imports : 0.03 0.03 0.03 0.03 Supply, total : 26.73 29.41 26.74 27.38 Domestic use : 6.69 5.89 5.30 5.20 Exports : 14.44 18.04 16.00 16.20 Use, total : 21.13 23.92 21.30 21.40 Unaccounted 3/ : 0.11 -0.56 0.04 -0.02 Ending stocks : 5.50 6.05 5.40 6.00 : Avg. farm price 4/ : 41.6 47.7 45.9 5/ =============================================================================== Note: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Based on Bureau of Census data. 3/ Reflects the difference between the previous season's supply less total use and ending stocks based on Bureau of Census data. 4/ Cents per pound for upland cotton. 5/ Average price for August-September 2006. USDA is prohibited by law from publishing cotton price projections. =============================================================================== Note: Public Law 106-78, signed October 22, 1999, requires the Secretary of Agriculture to estimate and report the U.S. upland cotton season-ending stocks-to-use ratio, excluding projected raw cotton imports but including the quantity of raw cotton imports that has been imported during the marketing year. Pursuant to this requirement, the estimated ratio for 2006/07 is 28.7 percent. WASDE-440-18 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/ : 132.68 628.84 109.87 106.57 610.12 111.21 151.41 United States : 14.87 58.74 1.92 4.96 31.82 29.01 14.70 Total foreign : 117.81 570.11 107.95 101.61 578.29 82.20 136.71 Major exporters 4/ : 23.44 201.23 7.72 65.36 135.71 55.91 40.77 Argentina : 1.40 16.00 0.00 0.08 5.01 11.83 0.55 Australia : 5.36 22.60 0.08 3.50 6.20 14.74 7.09 Canada : 6.08 25.86 0.25 5.09 9.30 14.97 7.92 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 0.21 10.25 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 0.43 2.05 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/ : 151.41 618.92 110.38 111.11 623.26 115.48 147.07 United States : 14.70 57.28 2.22 4.17 31.19 27.47 15.55 Total foreign : 136.71 561.64 108.16 106.94 592.07 88.01 131.52 Major exporters 4/ : 40.77 186.91 7.97 69.26 140.03 55.33 40.29 Argentina : 0.55 13.00 0.01 0.08 5.00 8.20 0.36 Australia : 7.09 24.50 0.08 3.70 6.40 16.00 9.27 Canada : 7.92 26.78 0.28 4.98 9.13 16.10 9.74 EU-25 5/ : 25.20 122.64 7.61 60.50 119.50 15.03 20.92 Major importers 6/ : 61.93 162.22 58.55 8.35 218.90 4.40 59.40 Brazil : 1.35 4.87 6.50 0.60 10.80 0.81 1.12 China : 38.82 97.45 1.02 3.50 101.00 1.40 34.89 Select. Mideast 7/ : 4.96 19.32 12.13 1.90 29.74 0.60 6.07 N. Africa 8/ : 10.25 15.18 18.59 0.30 33.78 0.22 10.02 Pakistan : 2.25 21.50 0.95 0.40 21.50 0.05 3.15 Southeast Asia 9/ : 2.05 0.00 10.34 1.23 10.01 0.38 2.01 Selected other : India : 4.10 68.64 0.03 0.30 69.97 0.80 2.00 FSU-12 : 14.27 92.20 4.70 22.91 75.29 20.31 15.56 Russia : 3.89 47.70 1.28 14.90 38.40 10.66 3.81 Kazakhstan : 3.64 11.00 0.04 2.70 7.40 3.00 4.28 Ukraine : 2.61 18.70 0.07 2.90 12.50 6.46 2.41 =============================================================================== 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-440-19 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/ : October : 147.23 585.14 110.70 102.98 613.07 108.96 119.30 November : 147.07 586.81 110.18 104.18 615.05 109.11 118.83 United States : October : 15.55 49.32 2.86 3.95 31.16 25.17 11.38 November : 15.55 49.32 2.86 3.95 31.16 25.17 11.38 Total foreign : October : 131.69 535.83 107.85 99.03 581.91 83.79 107.92 November : 131.52 537.49 107.32 100.23 583.88 83.94 107.45 Major exporters 4/ : October : 40.31 168.44 7.13 65.48 136.40 56.50 22.98 November : 40.29 167.29 7.13 65.98 136.90 55.50 22.31 Argentina Oct : 0.36 13.25 0.01 0.08 4.90 8.50 0.22 Nov : 0.36 13.25 0.01 0.08 4.90 8.50 0.22 Australia Oct : 9.27 11.00 0.08 3.70 6.40 11.50 2.44 Nov : 9.27 10.50 0.08 4.20 6.90 10.50 2.44 Canada Oct : 9.74 26.30 0.25 4.70 9.10 20.50 6.69 Nov : 9.74 26.30 0.25 4.70 9.10 20.50 6.69 EU-25 5/ Oct : 20.94 117.89 6.80 57.00 116.00 16.00 13.63 Nov : 20.92 117.24 6.80 57.00 116.00 16.00 12.95 Major importers 6/ : October : 59.42 169.29 54.83 7.93 220.44 4.67 58.42 November : 59.40 168.79 54.63 7.83 220.24 5.17 57.41 Brazil Oct : 1.12 3.00 7.00 0.20 10.60 0.03 0.50 Nov : 1.12 2.50 7.30 0.10 10.40 0.03 0.49 China Oct : 34.89 103.50 0.70 4.00 101.00 2.00 36.09 Nov : 34.89 103.50 0.70 4.00 101.00 2.50 35.59 Sel. Mideast 7/Oct : 6.09 18.80 10.98 1.50 29.54 0.60 5.73 Nov : 6.07 18.80 10.48 1.50 29.54 0.60 5.21 N. Africa 8/ Oct : 9.98 18.33 16.40 0.30 35.13 0.22 9.37 Nov : 10.02 18.33 16.40 0.30 35.13 0.22 9.41 Pakistan Oct : 3.20 21.70 0.60 0.40 22.00 0.50 3.00 Nov : 3.15 21.70 0.60 0.40 22.00 0.50 2.95 SE Asia 9/ Oct : 1.99 0.00 10.05 1.12 10.02 0.41 1.62 Nov : 2.01 0.00 10.05 1.12 10.02 0.41 1.63 Selected other : India Oct : 2.00 68.00 6.00 0.30 72.50 0.50 3.00 Nov : 2.00 68.00 6.00 0.30 72.50 0.50 3.00 FSU-12 Oct : 15.52 79.89 4.04 19.61 71.35 16.66 11.44 Nov : 15.56 82.69 4.04 20.31 72.45 17.16 12.68 Russia Oct : 3.79 41.50 1.20 13.20 36.40 7.50 2.59 Nov : 3.81 43.50 1.20 13.70 36.90 8.50 3.11 Kazakhstan Oct : 4.29 11.50 0.02 2.70 7.60 5.00 3.21 Nov : 4.28 11.50 0.02 2.70 7.60 5.00 3.20 Ukraine Oct : 2.40 13.50 0.10 1.60 10.60 4.00 1.40 Nov : 2.41 14.30 0.10 1.80 11.20 3.50 2.11 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, 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-440-20 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/ : 139.89 1014.59 101.21 641.07 975.48 101.64 178.99 United States : 28.76 319.42 2.24 165.87 240.22 51.41 58.80 Total foreign : 111.12 695.17 98.97 475.20 735.27 50.23 120.20 Major exporters 4/ : 10.52 75.13 3.04 36.42 49.79 24.89 14.00 Argentina : 1.00 24.90 0.01 6.60 9.06 15.24 1.61 Australia : 2.25 11.57 0.00 5.41 6.63 4.62 2.57 Canada : 4.08 26.45 2.47 19.21 23.80 2.85 6.34 Major importers 5/ : 32.81 225.58 76.28 214.16 283.31 4.61 46.74 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 : 1.34 0.34 8.71 6.66 9.01 0.00 1.38 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/ : 178.99 975.25 103.80 633.85 987.12 105.33 167.12 United States : 58.80 298.74 2.03 162.85 244.60 60.13 54.84 Total foreign : 120.20 676.51 101.77 471.00 742.52 45.21 112.28 Major exporters 4/ : 14.00 65.07 3.05 36.46 49.70 19.48 12.95 Argentina : 1.61 17.90 0.00 6.66 9.12 8.96 1.43 Australia : 2.57 13.76 0.00 5.66 6.89 5.67 3.77 Canada : 6.34 26.04 2.07 19.53 24.04 4.08 6.33 Major importers 5/ : 46.74 201.80 77.68 209.67 278.66 5.13 42.44 EU-25 6/ : 24.23 131.47 3.55 100.50 132.65 3.82 22.78 Japan : 1.88 0.19 19.78 15.19 20.02 0.00 1.83 Mexico : 5.31 25.83 9.80 21.18 37.58 0.25 3.11 N. Afr & Mideast 7/: 8.66 26.54 18.82 38.93 45.82 0.87 7.34 Saudi Arabia : 2.71 0.20 8.10 7.73 7.91 0.00 3.10 Southeast Asia 8/ : 1.69 17.18 4.38 15.03 20.89 0.19 2.16 South Korea : 1.38 0.33 8.60 6.56 8.96 0.00 1.35 Selected other : China : 37.02 147.70 2.29 103.12 147.46 3.75 35.80 Other Europe : 4.14 26.80 0.68 19.35 24.94 2.37 4.30 FSU-12 : 7.26 55.08 1.13 33.51 49.48 8.44 5.55 Russia : 2.67 27.60 0.60 17.65 27.70 1.78 1.39 Ukraine : 2.67 18.14 0.08 8.45 11.99 6.48 2.42 =============================================================================== 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-440-21 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/ : October : 166.47 964.76 102.93 640.10 1010.61 105.10 120.61 November : 167.12 964.47 102.18 638.22 1009.94 104.18 121.65 United States : October : 54.84 290.12 2.52 160.53 256.55 61.81 29.12 November : 54.84 285.72 2.52 159.13 255.15 60.54 27.39 Total foreign : October : 111.62 674.64 100.41 479.57 754.07 43.29 91.49 November : 112.28 678.75 99.66 479.09 754.80 43.64 94.26 Major exporters 4/ : October : 12.75 62.88 3.40 36.83 51.20 19.79 8.04 November : 12.95 62.58 3.40 37.48 51.55 19.34 8.04 Argentina Oct : 1.43 21.57 0.00 7.11 9.67 11.96 1.38 Nov : 1.43 21.57 0.00 7.11 9.67 11.96 1.38 Australia Oct : 3.57 8.06 0.00 5.64 6.87 3.40 1.37 Nov : 3.77 7.76 0.00 5.99 7.22 2.95 1.37 Canada Oct : 6.33 23.26 2.87 19.22 24.74 3.53 4.20 Nov : 6.33 23.26 2.87 19.52 24.74 3.53 4.20 Major importers 5/ : October : 42.10 202.97 77.58 213.96 283.64 4.48 34.52 November : 42.44 202.03 76.68 212.48 282.26 4.68 34.20 EU-25 6/ Oct : 22.80 128.10 3.52 101.90 134.32 4.16 15.94 Nov : 22.78 127.16 3.67 101.35 133.77 4.16 15.68 Japan Oct : 1.77 0.17 19.47 14.97 19.90 0.00 1.51 Nov : 1.83 0.17 19.52 14.99 19.92 0.00 1.60 Mexico Oct : 3.26 29.13 9.50 22.18 38.68 0.00 3.21 Nov : 3.11 29.13 9.30 21.98 38.48 0.00 3.06 N Afr/M.East 7/Oct : 7.30 28.03 19.55 40.04 47.41 0.10 7.38 Nov : 7.34 28.03 19.35 39.99 47.36 0.30 7.06 Saudi Arabia Oct : 2.70 0.20 7.50 7.73 7.91 0.00 2.49 Nov : 3.10 0.20 7.50 7.83 8.01 0.00 2.79 S.-east Asia 8/Oct : 2.07 16.93 4.06 15.27 20.93 0.23 1.90 Nov : 2.16 16.93 4.06 15.27 20.93 0.23 1.99 South Korea Oct : 1.43 0.33 9.03 7.06 9.39 0.00 1.40 Nov : 1.35 0.33 8.63 6.56 8.99 0.00 1.32 Selected other : China Oct : 35.74 149.26 2.34 105.12 151.43 4.03 31.88 Nov : 35.80 151.26 2.34 105.12 151.43 4.03 33.94 Other Europe Oct : 4.50 24.41 0.64 19.02 24.48 2.26 2.81 Nov : 4.30 24.13 0.64 18.73 24.19 2.46 2.42 FSU-12 Oct : 5.58 57.45 0.93 34.86 50.15 9.58 4.23 Nov : 5.55 58.45 0.98 35.26 50.55 9.38 5.05 Russia Oct : 1.42 29.50 0.60 18.10 27.95 2.20 1.37 Nov : 1.39 30.20 0.65 18.30 28.15 2.50 1.59 Ukraine Oct : 2.42 19.15 0.07 9.85 13.10 7.00 1.54 Nov : 2.42 19.45 0.07 10.05 13.30 6.50 2.14 =============================================================================== 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-440-22 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/ : 103.42 712.78 77.10 471.48 684.97 78.18 131.23 United States : 24.34 299.91 0.28 156.43 224.65 46.18 53.70 Total foreign : 79.08 412.87 76.83 315.05 460.32 32.00 77.53 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/ : 12.88 98.03 47.22 100.52 140.09 0.70 17.33 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 : 1.34 0.08 8.63 6.62 8.67 0.00 1.38 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/ : 131.23 693.29 78.91 474.36 699.97 78.98 124.55 United States : 53.70 282.26 0.23 155.85 231.58 54.55 50.06 Total foreign : 77.53 411.03 78.68 318.51 468.39 24.43 74.49 Major exporters 4/ : 4.15 21.50 0.85 8.60 15.00 9.25 2.25 Argentina : 0.96 14.50 0.00 4.20 5.90 8.50 1.06 South Africa : 3.19 7.00 0.85 4.40 9.10 0.75 1.19 Major importers 5/ : 17.33 90.77 48.37 98.21 137.65 0.54 18.28 Egypt : 0.42 5.86 4.50 8.50 10.30 0.00 0.48 EU-25 6/ : 7.52 48.32 3.20 39.40 48.90 0.13 10.01 Japan : 1.03 0.00 16.62 12.10 16.60 0.00 1.05 Mexico : 4.44 19.50 6.70 12.40 27.90 0.25 2.49 Southeast Asia 7/ : 1.66 16.98 4.37 14.85 20.70 0.17 2.14 South Korea : 1.38 0.06 8.48 6.51 8.58 0.00 1.35 Selected other : Brazil : 4.19 41.00 1.00 32.50 39.00 3.50 3.69 Canada : 1.80 9.46 2.00 8.71 11.01 0.25 2.00 China : 36.56 139.36 0.06 101.00 137.00 3.73 35.26 Other Europe : 3.40 22.18 0.40 16.31 20.41 1.93 3.65 FSU-12 : 2.17 13.13 0.60 10.12 11.76 2.53 1.61 Ukraine : 1.32 7.15 0.00 4.40 5.10 2.45 0.92 =============================================================================== 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-440-23 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/ : October : 124.55 689.14 78.96 477.93 724.14 81.28 89.54 November : 124.55 688.73 78.41 476.29 723.27 80.81 90.00 United States : October : 50.06 277.00 0.25 154.95 244.87 57.15 25.29 November : 50.06 272.93 0.25 153.68 243.60 55.88 23.76 Total foreign : October : 74.49 412.13 78.71 322.98 479.28 24.13 64.24 November : 74.49 415.79 78.16 322.61 479.67 24.93 66.24 Major exporters 4/ : October : 2.25 27.00 0.40 8.90 15.40 12.40 1.85 November : 2.25 27.00 0.40 8.90 15.40 12.40 1.85 Argentina Oct : 1.06 17.50 0.00 4.30 6.10 11.50 0.96 Nov : 1.06 17.50 0.00 4.30 6.10 11.50 0.96 South Africa Oct : 1.19 9.50 0.40 4.60 9.30 0.90 0.89 Nov : 1.19 9.50 0.40 4.60 9.30 0.90 0.89 Major importers 5/ : October : 18.42 89.04 48.35 99.60 139.48 0.70 15.64 November : 18.28 89.04 47.65 98.80 138.77 0.70 15.49 Egypt Oct : 0.48 5.87 4.80 8.60 10.60 0.00 0.55 Nov : 0.48 5.87 4.80 8.60 10.60 0.00 0.55 EU-25 6/ Oct : 10.04 44.33 3.00 39.50 49.30 0.50 7.56 Nov : 10.01 44.33 3.00 39.50 49.30 0.50 7.54 Japan Oct : 1.03 0.00 16.50 12.00 16.60 0.00 0.93 Nov : 1.05 0.00 16.50 12.00 16.60 0.00 0.95 Mexico Oct : 2.64 22.00 6.30 12.70 28.30 0.00 2.64 Nov : 2.49 22.00 6.30 12.70 28.30 0.00 2.49 S.-east Asia 7/Oct : 2.04 16.73 4.05 15.10 20.75 0.20 1.87 Nov : 2.14 16.73 4.05 15.10 20.75 0.20 1.97 South Korea Oct : 1.43 0.07 8.90 7.00 9.00 0.00 1.40 Nov : 1.35 0.07 8.50 6.50 8.60 0.00 1.32 Selected other : Brazil Oct : 3.69 40.50 0.75 33.50 40.00 1.50 3.44 Nov : 3.69 41.00 0.75 33.50 40.00 2.00 3.44 Canada Oct : 2.00 8.80 2.80 8.50 11.80 0.20 1.60 Nov : 2.00 8.80 2.80 8.80 11.80 0.20 1.60 China Oct : 35.20 141.00 0.10 103.00 141.00 4.00 31.30 Nov : 35.26 143.00 0.10 103.00 141.00 4.00 33.36 Other Europe Oct : 3.85 20.31 0.31 16.14 20.13 2.00 2.34 Nov : 3.65 20.01 0.31 15.85 19.84 2.20 1.93 FSU-12 Oct : 1.61 11.93 0.45 9.49 10.88 1.83 1.28 Nov : 1.61 11.93 0.50 9.59 10.98 1.83 1.23 Ukraine Oct : 0.92 6.00 0.00 4.00 4.50 1.80 0.62 Nov : 0.92 6.00 0.00 4.00 4.50 1.80 0.62 =============================================================================== 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-440-24 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/ : 85.39 400.49 26.31 407.74 28.38 78.14 United States : 0.76 7.46 0.42 3.94 3.50 1.21 Total foreign : 84.63 393.02 25.89 403.80 24.88 76.93 Major exporters 4/ : 17.44 128.13 0.32 110.77 19.94 15.18 India : 10.80 83.13 0.00 80.74 4.69 8.50 Pakistan : 0.64 4.92 0.00 2.55 2.80 0.20 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 9.25 68.52 0.59 12.92 Brazil : 1.34 9.00 0.55 8.86 0.30 1.73 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 3.27 5.05 0.06 1.46 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/ : 78.14 415.45 26.72 413.02 27.90 80.58 United States : 1.21 7.11 0.54 3.81 3.69 1.37 Total foreign : 76.93 408.34 26.18 409.21 24.21 79.21 Major exporters 4/ : 15.18 136.79 0.40 115.53 19.00 17.84 India : 8.50 91.04 0.00 85.22 3.80 10.52 Pakistan : 0.20 5.55 0.00 2.56 2.90 0.30 Thailand : 2.31 18.20 0.05 9.50 7.30 3.76 Vietnam : 4.16 22.00 0.35 18.25 5.00 3.26 Major importers 5/ : 12.92 59.89 10.97 69.66 0.49 13.64 Brazil : 1.73 7.87 0.60 8.97 0.25 0.98 EU-25 6/ : 1.13 1.71 0.93 2.55 0.18 1.04 Indonesia : 3.45 34.96 0.90 35.80 0.00 3.51 Nigeria : 0.42 2.70 1.78 4.35 0.00 0.55 Philippines : 4.57 9.80 1.90 11.00 0.00 5.27 Sel. Mideast 7/ : 1.46 2.38 3.76 5.39 0.06 2.14 Selected other : Burma : 0.71 10.44 0.00 10.40 0.08 0.67 C. Amer & Carib 8/ : 0.13 0.07 0.45 0.49 0.00 0.15 China : 38.93 126.41 0.70 128.00 1.10 36.95 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-440-25 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/ : October : 80.28 417.45 25.91 418.89 28.26 78.84 November : 80.58 416.52 26.16 418.26 28.14 78.84 United States : October : 1.37 6.11 0.57 3.90 3.08 1.06 November : 1.37 6.14 0.57 3.91 3.08 1.09 Total foreign : October : 78.91 411.34 25.34 414.99 25.18 77.77 November : 79.21 410.39 25.59 414.36 25.06 77.74 Major exporters 4/ : October : 18.06 137.64 0.40 118.13 20.15 17.82 November : 17.84 137.39 0.40 118.13 20.15 17.35 India Oct : 10.52 91.00 0.00 87.50 4.30 9.72 Nov : 10.52 91.00 0.00 87.50 4.30 9.72 Pakistan Oct : 0.30 5.60 0.00 2.56 2.90 0.44 Nov : 0.30 5.60 0.00 2.56 2.90 0.44 Thailand Oct : 3.76 18.50 0.10 9.57 8.25 4.54 Nov : 3.76 18.25 0.10 9.57 8.25 4.29 Vietnam Oct : 3.48 22.54 0.30 18.50 4.70 3.12 Nov : 3.26 22.54 0.30 18.50 4.70 2.90 Major importers 5/ : October : 13.25 60.75 9.69 70.45 0.35 12.89 November : 13.64 60.11 9.84 70.14 0.33 13.12 Brazil Oct : 0.59 8.50 0.60 9.25 0.15 0.29 Nov : 0.98 7.90 0.75 8.95 0.13 0.55 EU-25 6/ Oct : 1.04 1.67 0.93 2.60 0.15 0.89 Nov : 1.04 1.66 0.93 2.60 0.15 0.88 Indonesia Oct : 3.51 35.09 0.60 35.80 0.00 3.40 Nov : 3.51 35.09 0.60 35.80 0.00 3.40 Nigeria Oct : 0.55 2.80 1.60 4.45 0.00 0.50 Nov : 0.55 2.80 1.60 4.45 0.00 0.50 Philippines Oct : 5.27 9.75 1.75 11.25 0.00 5.52 Nov : 5.27 9.75 1.75 11.25 0.00 5.52 Sel. Mideast 7/Oct : 2.14 2.44 3.10 5.49 0.05 2.14 Nov : 2.14 2.44 3.10 5.49 0.05 2.14 Selected other : Burma Oct : 0.55 10.70 0.00 10.50 0.25 0.50 Nov : 0.67 10.50 0.00 10.50 0.15 0.52 C. Am & Car. 8/Oct : 0.15 0.07 0.45 0.50 0.00 0.17 Nov : 0.15 0.07 0.45 0.50 0.00 0.17 China Oct : 37.05 128.00 0.80 127.80 1.00 37.05 Nov : 36.95 128.00 0.80 127.80 1.00 36.95 Egypt Oct : 0.36 4.14 0.00 3.30 0.90 0.30 Nov : 0.36 4.14 0.00 3.30 0.90 0.30 Japan Oct : 2.43 7.94 0.65 8.20 0.20 2.62 Nov : 2.43 7.94 0.65 8.20 0.20 2.62 Mexico Oct : 0.18 0.18 0.60 0.80 0.00 0.16 Nov : 0.18 0.18 0.60 0.80 0.00 0.16 South Korea Oct : 1.10 4.65 0.27 4.84 0.10 1.07 Nov : 1.10 4.64 0.27 4.84 0.10 1.06 =============================================================================== 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-440-26 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 : 43.06 120.39 33.34 108.82 35.02 -1.12 54.07 United States : 3.45 23.25 0.03 6.69 14.44 0.11 5.50 Total foreign : 39.61 97.14 33.31 102.13 20.59 -1.23 48.57 Major exporters 4/ : 14.70 45.83 1.89 23.50 16.65 -0.19 22.45 Central Asia 5/ : 1.72 8.07 3/ 1.51 5.92 0.00 2.36 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 7.94 Australia : 0.89 3.00 3/ 0.07 2.00 -0.12 1.96 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/ : 23.02 47.42 28.66 73.87 2.59 -1.06 23.70 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/ : 0.97 2.31 3.08 3.47 1.66 0.06 1.16 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 : 54.07 114.14 44.21 115.85 45.36 -2.60 53.81 United States : 5.50 23.89 0.03 5.89 18.04 -0.56 6.05 Total foreign : 48.57 90.25 44.18 109.96 27.32 -2.04 47.76 Major exporters 4/ : 22.45 43.77 1.52 25.09 22.74 -0.09 20.00 Central Asia 5/ : 2.36 8.36 3/ 1.46 7.00 0.00 2.27 Afr. Fr. Zone 6/ : 1.97 4.24 3/ 0.19 4.47 0.00 1.55 S. Hemis. 7/ : 7.94 8.97 0.60 5.16 5.57 -0.10 6.88 Australia : 1.96 2.80 3/ 0.06 2.88 -0.12 1.94 Brazil : 5.08 4.70 0.31 4.05 1.97 0.00 4.07 India : 8.76 19.20 0.40 16.50 4.00 0.00 7.86 Major importers 8/ : 23.70 42.93 40.29 80.42 2.90 -1.96 25.56 Mexico : 1.32 0.64 1.74 2.10 0.25 0.03 1.32 China : 13.06 26.20 19.28 45.00 0.04 -2.15 15.66 EU-25 9/ : 1.16 2.49 2.30 2.74 1.96 0.06 1.18 Russia : 0.22 3/ 1.43 1.43 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 1.80 11.75 0.32 0.03 3.10 Indonesia : 0.38 0.03 2.20 2.18 0.02 0.05 0.37 Thailand : 0.63 0.05 1.89 2.05 0.01 0.03 0.50 Bangladesh : 0.38 0.07 2.21 2.20 0.00 0.01 0.46 =============================================================================== 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-440-27 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 : October : 54.71 116.19 42.85 120.98 42.36 -1.86 52.26 November : 53.81 115.72 42.03 120.88 41.55 -1.92 51.05 United States : October : 6.05 20.66 0.03 5.30 16.00 0.04 5.40 November : 6.05 21.30 0.03 5.20 16.20 -0.02 6.00 Total foreign : October : 48.66 95.53 42.82 115.68 26.36 -1.90 46.86 November : 47.76 94.42 42.00 115.68 25.35 -1.90 45.05 Major exporters 4/ : October : 20.75 45.67 1.88 26.07 21.91 -0.09 20.41 November : 20.00 44.89 1.88 26.07 21.53 -0.09 19.26 Central Asia 5/Oct : 2.27 8.37 3/ 1.40 6.95 0.00 2.28 Nov : 2.27 8.21 3/ 1.40 6.82 0.00 2.26 Afr. Fr. Zn. 6/Oct : 1.55 4.39 3/ 0.18 4.31 0.00 1.44 Nov : 1.55 4.46 3/ 0.18 4.34 0.00 1.49 S. Hemis 7/ Oct : 6.88 9.19 0.73 5.19 4.98 -0.10 6.74 Nov : 6.88 8.69 0.73 5.19 4.68 -0.10 6.54 Australia Oct : 1.94 2.20 3/ 0.06 2.65 -0.12 1.56 Nov : 1.94 1.70 3/ 0.06 2.45 -0.12 1.26 Brazil Oct : 4.07 5.25 0.50 4.05 1.50 0.00 4.27 Nov : 4.07 5.25 0.50 4.05 1.40 0.00 4.37 India Oct : 8.61 21.00 0.60 17.50 4.00 0.00 8.71 Nov : 7.86 21.00 0.60 17.50 4.20 0.00 7.76 Major importers 8/ : October : 25.70 46.47 38.60 85.30 2.86 -1.81 24.42 November : 25.56 46.19 37.77 85.30 2.25 -1.81 23.79 Mexico Oct : 1.28 0.64 1.40 1.90 0.30 0.03 1.09 Nov : 1.32 0.64 1.40 2.00 0.25 0.03 1.08 China Oct : 15.66 29.00 18.50 50.00 0.03 -2.00 15.14 Nov : 15.66 30.00 17.50 50.00 0.03 -2.00 15.14 EU-25 9/ Oct : 1.22 2.28 2.08 2.42 1.93 0.06 1.17 Nov : 1.18 1.70 2.06 2.40 1.56 0.06 0.93 Russia Oct : 0.22 3/ 1.50 1.50 0.00 0.00 0.22 Nov : 0.22 3/ 1.43 1.43 0.00 0.00 0.22 Turkey Oct : 1.69 4.25 2.55 6.70 0.20 0.00 1.59 Nov : 1.69 4.15 2.55 6.70 0.15 0.00 1.54 Pakistan Oct : 3.25 10.10 2.05 12.20 0.30 0.03 2.87 Nov : 3.10 9.50 2.30 12.20 0.15 0.03 2.52 Indonesia Oct : 0.37 0.03 2.20 2.18 0.02 0.05 0.35 Nov : 0.37 0.03 2.20 2.18 0.02 0.05 0.35 Thailand Oct : 0.50 0.05 2.05 2.10 0.00 0.03 0.47 Nov : 0.50 0.05 2.05 2.10 0.00 0.03 0.47 Bangladesh Oct : 0.46 0.07 2.30 2.30 0.00 0.01 0.53 Nov : 0.46 0.07 2.30 2.30 0.00 0.01 0.53 =============================================================================== 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-440-28 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/ : 38.56 215.95 63.60 175.75 205.39 64.54 48.18 United States : 3.06 85.01 0.15 46.16 51.40 29.86 6.96 Total foreign : 35.50 130.94 63.45 129.59 153.99 34.68 41.22 Major exporters 3/ : 30.99 96.05 1.20 57.54 62.04 32.34 33.87 Argentina : 15.40 39.00 0.69 27.31 28.75 9.31 17.03 Brazil : 15.51 53.00 0.48 29.25 32.10 20.14 16.75 Major importers 4/ : 3.62 19.55 51.96 53.34 68.56 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 14.64 14.00 15.43 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/ : 48.18 218.04 64.12 184.04 213.77 64.42 52.15 United States : 6.96 83.37 0.09 47.32 52.43 25.78 12.21 Total foreign : 41.22 134.67 64.03 136.72 161.34 38.64 39.93 Major exporters 3/ : 33.87 99.50 0.70 61.12 65.55 35.80 32.72 Argentina : 17.03 40.50 0.58 31.77 33.29 7.30 17.51 Brazil : 16.75 55.00 0.08 28.20 30.81 25.90 15.12 Major importers 4/ : 6.15 18.65 53.14 56.16 71.63 0.37 5.93 China : 4.70 16.35 28.32 34.50 44.55 0.34 4.47 EU-25 : 0.88 0.86 13.80 13.18 14.59 0.01 0.94 Japan : 0.26 0.23 3.96 2.82 4.19 0.00 0.25 Mexico : 0.05 0.15 3.65 3.77 3.80 0.00 0.04 : : 2006/07 (Projected) World 2/ : October : 52.08 224.59 69.69 191.23 220.63 70.67 55.06 November : 52.15 224.97 69.73 191.67 221.06 70.57 55.22 United States : October : 12.21 86.78 0.11 48.31 52.83 31.16 15.11 November : 12.21 87.20 0.11 48.44 52.97 31.16 15.38 Total foreign : October : 39.86 137.81 69.58 142.92 167.80 39.51 39.95 November : 39.93 137.77 69.62 143.23 168.08 39.41 39.84 Major exporters 3/ : October : 32.72 102.00 1.04 62.28 66.38 36.30 33.08 November : 32.72 102.00 1.04 62.58 66.68 36.20 32.88 Argentina Oct : 17.51 41.30 0.93 33.50 35.04 7.10 17.60 Nov : 17.51 41.30 0.93 33.80 35.34 7.00 17.40 Brazil Oct : 15.12 56.00 0.10 27.58 29.93 25.90 15.39 Nov : 15.12 56.00 0.10 27.58 29.93 25.90 15.39 Major importers 4/ : October : 5.81 18.59 57.51 60.11 75.97 0.39 5.55 November : 5.93 18.55 57.54 60.11 75.95 0.39 5.68 China Oct : 4.35 16.20 32.00 37.75 48.10 0.35 4.10 Nov : 4.47 16.20 32.00 37.75 48.10 0.35 4.22 EU-25 Oct : 0.94 0.95 14.10 13.67 15.05 0.01 0.93 Nov : 0.94 0.92 14.14 13.67 15.05 0.01 0.93 Japan Oct : 0.25 0.20 4.05 2.88 4.24 0.00 0.26 Nov : 0.25 0.20 4.05 2.88 4.24 0.00 0.26 Mexico Oct : 0.04 0.16 3.76 3.88 3.92 0.00 0.04 Nov : 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, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). WASDE-440-29 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/ : 5.52 138.80 46.05 137.09 46.51 6.77 United States : 0.19 36.94 0.13 30.45 6.66 0.16 Total foreign : 5.33 101.87 45.92 106.65 39.85 6.61 Major exporters 3/ : 3.11 48.19 0.25 10.68 36.59 4.28 Argentina : 1.20 21.53 0.00 0.50 20.50 1.74 Brazil : 1.88 22.66 0.25 8.88 14.24 1.67 India : 0.04 4.01 0.00 1.31 1.85 0.88 Major importers 4/ : 1.18 36.85 27.54 63.16 1.19 1.23 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/ : 6.77 144.88 51.00 145.55 51.26 5.83 United States : 0.16 37.41 0.13 30.19 7.21 0.29 Total foreign : 6.61 107.46 50.87 115.36 44.05 5.54 Major exporters 3/ : 4.28 51.19 0.19 11.42 40.88 3.37 Argentina : 1.74 25.04 0.00 0.56 24.30 1.91 Brazil : 1.67 21.83 0.19 9.45 12.90 1.34 India : 0.88 4.33 0.00 1.41 3.68 0.12 Major importers 4/ : 1.23 39.37 30.11 68.47 1.11 1.13 EU-25 : 0.85 10.37 22.90 32.54 0.72 0.86 China : 0.00 27.30 0.84 27.77 0.36 0.00 : : 2006/07 (Projected) World 2/ : October : 5.72 151.19 52.45 151.59 52.63 5.14 November : 5.83 151.53 52.68 151.99 52.91 5.13 United States : October : 0.27 38.36 0.15 30.94 7.58 0.27 November : 0.29 38.48 0.15 30.94 7.71 0.27 Total foreign : October : 5.45 112.83 52.30 120.66 45.05 4.87 November : 5.54 113.05 52.53 121.06 45.20 4.86 Major exporters 3/ : October : 3.37 52.54 0.23 11.56 41.70 2.88 November : 3.37 52.80 0.23 11.67 41.90 2.83 Argentina Oct : 1.91 26.44 0.00 0.60 26.00 1.75 Nov : 1.91 26.69 0.00 0.60 26.30 1.70 Brazil Oct : 1.34 21.71 0.23 9.55 12.60 1.12 Nov : 1.34 21.71 0.23 9.55 12.60 1.12 India Oct : 0.12 4.40 0.00 1.41 3.10 0.01 Nov : 0.12 4.40 0.00 1.52 3.00 0.01 Major importers 4/ : October : 1.12 42.43 30.04 71.40 1.18 1.01 November : 1.13 42.39 30.24 71.60 1.13 1.04 EU-25 Oct : 0.86 10.80 22.68 32.73 0.75 0.86 Nov : 0.86 10.76 22.68 32.69 0.75 0.86 China Oct : 0.00 29.87 0.90 30.37 0.40 0.00 Nov : 0.00 29.87 0.90 30.42 0.35 0.00 =============================================================================== 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil, and India. 4/ Eastern Europe, China, EU, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). WASDE-440-30 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 32.49 8.96 31.74 9.23 3.12 United States : 0.49 8.78 0.01 7.91 0.60 0.77 Total foreign : 2.15 23.71 8.94 23.83 8.63 2.35 Major exporters 3/ : 1.41 13.24 0.16 5.63 7.68 1.51 Argentina : 0.86 5.09 0.00 0.41 4.75 0.79 Brazil : 0.37 5.65 0.00 3.09 2.41 0.52 EU-25 : 0.18 2.51 0.16 2.14 0.51 0.20 Major importers 4/ : 0.44 6.32 3.83 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/ : 3.12 34.32 8.87 33.44 9.32 3.55 United States : 0.77 9.25 0.02 8.17 0.52 1.35 Total foreign : 2.35 25.07 8.85 25.27 8.80 2.20 Major exporters 3/ : 1.51 13.78 0.70 6.41 7.93 1.64 Argentina : 0.79 6.03 0.00 0.42 5.63 0.77 Brazil : 0.52 5.39 0.02 3.20 2.06 0.68 EU-25 : 0.20 2.36 0.68 2.79 0.25 0.20 Major importers 4/ : 0.63 7.13 3.22 10.53 0.11 0.34 China : 0.25 6.15 1.52 7.61 0.11 0.20 India : 0.38 0.97 1.68 2.88 0.01 0.14 Pakistan : 0.01 0.01 0.03 0.04 0.00 0.00 : : 2006/07 (Projected) World 2/ : October : 3.76 35.30 9.62 35.66 9.92 3.10 November : 3.55 35.31 9.66 35.62 9.92 2.97 United States : October : 1.37 9.10 0.03 8.71 0.57 1.22 November : 1.35 9.12 0.03 8.71 0.57 1.22 Total foreign : October : 2.39 26.20 9.59 26.95 9.36 1.88 November : 2.20 26.19 9.63 26.91 9.36 1.76 Major exporters 3/ : October : 1.64 14.10 0.98 7.07 8.38 1.27 November : 1.64 14.08 0.93 7.00 8.38 1.27 Argentina Oct : 0.77 6.34 0.00 0.61 5.85 0.65 Nov : 0.77 6.34 0.00 0.61 5.85 0.65 Brazil Oct : 0.68 5.29 0.01 3.28 2.28 0.42 Nov : 0.68 5.29 0.01 3.28 2.28 0.42 EU-25 Oct : 0.20 2.47 0.98 3.18 0.25 0.21 Nov : 0.20 2.45 0.93 3.11 0.25 0.21 Major importers 4/ : October : 0.52 7.74 3.60 11.41 0.08 0.38 November : 0.34 7.74 3.65 11.40 0.08 0.26 China Oct : 0.20 6.74 1.65 8.29 0.08 0.22 Nov : 0.20 6.74 1.70 8.34 0.08 0.22 India Oct : 0.32 0.99 1.90 3.05 0.01 0.16 Nov : 0.14 0.99 1.90 2.99 0.01 0.04 Pakistan Oct : 0.00 0.01 0.05 0.06 0.00 0.00 Nov : 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. 4/ India, China and Pakistan. WASDE-440-31 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 : 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 9129 1440 10701 22483 1880 46.9 III : 6808 5071 11960 8880 1419 10424 22384 1891 44.7 IV*: 6385 5675 12149 8900 1455 10480 22629 1923 44.7 Annual : Oct Proj : 25962 21029 47333 36016 5649 42172 89505 7578 182.1 Nov Proj : 25970 21065 47377 35846 5668 42021 89398 7572 181.9 : 2007 : I*: 6375 5375 11837 8950 1390 10465 22302 1893 46.0 II*: 6800 5250 12134 9125 1460 10715 22849 1913 47.2 III*: 7000 5375 12457 9150 1440 10720 23177 1928 44.9 Annual : Oct Proj : 26750 21850 48944 36575 5730 42825 91769 7690 183.9 Nov Proj : 26700 21850 48890 36325 5760 42605 91495 7682 183.0 =============================================================================== * 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 : 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 : 85.40 51.83 67.8 79.4 64.0 12.23 IV*: 87-89 45-47 63-65 93-95 77-79 13.50-13.80 Annual : Oct Proj : 85.76 46.73 64.4 75.8 68.0 12.70-12.80 Nov Proj : 85.76 47.23 63.9 78.0 69.0 12.80-12.90 : 2007 : I*: 83-89 41-43 62-66 67-71 75-79 13.40-14.00 II*: 83-89 40-44 61-67 68-74 71-77 12.80-13.70 III*: 81-87 41-45 64-70 71-77 74-80 13.45-14.45 Annual : Oct Proj : 82-89 40-43 65-70 68-74 73-79 13.00-13.90 Nov Proj : 82-88 40-43 63-68 70-76 75-81 13.40-14.30 =============================================================================== *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-440-32 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. Oct : 571 26064 3172 29807 1153 600 28054 65.6 Nov : 571 26072 3152 29795 1173 625 27997 65.5 2007 Proj. Oct : 600 26852 3360 30812 1500 575 28737 66.6 Nov : 625 26802 3360 30787 1500 600 28687 66.5 : PORK : 2005 : 543 20706 1025 22274 2665 494 19115 50.0 2006 Proj. Oct : 494 21049 1021 22564 2968 525 19071 49.4 Nov : 494 21085 1021 22600 2968 550 19082 49.5 2007 Proj. Oct : 525 21870 1030 23425 3090 525 19810 50.9 Nov : 550 21870 1030 23450 3090 550 19810 50.9 : TOTAL RED MEAT 5/ : 2005 : 1187 45846 4804 51837 3372 1080 47385 117.0 2006 Proj. Oct : 1080 47468 4382 52930 4136 1138 47656 116.6 Nov : 1080 47512 4362 52954 4161 1204 47589 116.4 2007 Proj. Oct : 1138 49079 4574 54791 4602 1114 49075 119.0 Nov : 1204 49025 4574 54803 4602 1179 49022 118.9 : BROILERS : 2005 : 713 34986 34 35733 5203 924 29607 85.7 2006 Proj. Oct : 924 35631 41 36596 5411 725 30460 87.4 Nov : 924 35462 41 36427 5411 725 30292 86.9 2007 Proj. Oct : 725 36184 36 36945 5530 770 30645 87.1 Nov : 725 35936 36 36697 5530 770 30397 86.4 : TURKEYS : 2005 : 288 5432 8 5728 570 206 4952 16.7 2006 Proj. Oct : 206 5575 9 5790 534 225 5031 16.8 Nov : 206 5594 9 5809 544 225 5040 16.8 2007 Proj. Oct : 225 5655 4 5884 575 280 5029 16.6 Nov : 225 5685 4 5914 585 280 5049 16.7 : TOTAL POULTRY 6/ : 2005 : 1005 40935 42 41981 5902 1132 34947 103.7 2006 Proj. Oct : 1132 41712 52 42897 6080 962 35854 105.4 Nov : 1132 41563 52 42747 6090 962 35695 105.0 2007 Proj. Oct : 962 42358 41 43361 6235 1061 36065 105.1 Nov : 962 42140 42 43144 6245 1061 35838 104.4 : RED MEAT & POULTRY: 2005 : 2192 86781 4846 93819 9274 2212 82333 220.7 2006 Proj. Oct : 2212 89180 4434 95826 10216 2100 83510 222.0 Nov : 2212 89075 4414 95701 10251 2166 83284 221.4 2007 Proj. Oct : 2100 91437 4615 98152 10837 2175 85140 224.1 Nov : 2166 91165 4616 97947 10847 2240 84860 223.3 ============================================================================ 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-440-33 U.S. Egg Supply and Use =============================================================================== : : : 2006 Projected : 2007 Projected : : :-----------------:----------------- Commodity : 2004 : 2005 : Oct : Nov : Oct : Nov =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 13.7 14.5 16.0 16.0 18.0 16.0 Production : 7440.0 7503.6 7578.0 7572.0 7690.0 7682.0 Imports : 12.7 9.0 8.0 7.7 8.8 8.8 Total supply : 7466.4 7527.1 7602.0 7595.7 7716.8 7706.8 : Use : Exports : 167.5 203.3 176.4 187.4 179.0 195.0 Hatching use : 988.1 999.8 997.3 994.5 990.0 990.0 Ending stocks : 14.5 16.0 18.0 16.0 18.0 16.0 Consumption : Total : 6296.3 6308.0 6410.3 6397.8 6529.8 6505.8 Per capita (number) : 257.1 255.2 256.9 256.4 259.4 258.4 =============================================================================== U.S. Milk Supply and Use =============================================================================== : : : 2006 Projected : 2007 Projected Commodity : : :-----------------:----------------- : 2004 : 2005 : Oct : Nov : Oct : Nov =============================================================================== : Billion pounds Milk : Production : 170.9 177.0 182.1 181.9 183.9 183.0 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 8.7 9.0 Marketings : 169.8 175.9 181.0 180.8 182.9 182.0 Imports : 5.3 4.6 4.5 4.5 5.1 5.1 Total cml. supply : 183.4 187.7 193.5 193.3 196.7 196.1 : Fat Basis Use : Ending commercial stks : 7.2 8.0 8.7 9.0 7.7 7.5 CCC net removals 1/ : -0.1 -0.0 0.0 0.0 0.0 0.0 Commercial use 2/ : 176.4 179.7 184.8 184.3 189.0 188.6 : Skim-solids Basis Supply : Beg. commercial stocks : 8.5 8.2 9.0 9.0 8.5 8.8 Marketings : 169.8 175.9 181.0 180.8 182.9 182.0 Imports : 4.8 4.5 4.5 4.5 5.7 5.7 Total cml. supply : 183.1 188.6 194.5 194.3 197.1 196.5 : Skim-solids Basis Use : Ending commercial stks : 8.2 9.0 8.5 8.8 8.6 8.3 CCC net removals 1/ : 1.3 -1.0 0.7 0.7 0.0 0.0 Commercial use 2/ : 173.7 180.6 185.2 184.8 188.5 188.2 : : 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 64 64 0 0 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-440-34 U.S. Dairy Prices =============================================================================== : : : 2006 Projected : 2007 Projected : : :-----------------:------------------ Commodity : 2004 : 2005 : Oct : Nov : Oct : Nov =============================================================================== : Dollars per pound : Product Prices 1/ : Cheese : 1.6431 1.4875 1.225- 1.230- 1.290- 1.305- : 1.235 1.240 1.380 1.395 : Butter : 1.8239 1.5405 1.210- 1.205- 1.195- 1.250- : 1.240 1.235 1.315 1.370 : Nonfat dry milk : 0.8405 0.9409 0.855- 0.875- 0.820- 0.880- : 0.875 0.895 0.890 0.950 : Dry whey : 0.2319 0.2782 0.315- 0.320- 0.285- 0.300- : 0.325 0.330 0.315 0.330 : : Dollars per cwt Milk Prices 2/ : Class III : 15.39 14.05 11.60- 11.70- 12.10- 12.40- : 11.70 11.80 13.00 13.30 : Class IV : 13.20 12.87 10.80- 10.95- 10.45- 11.20- : 11.00 11.15 11.45 12.20 : All milk 3/ : 16.05 15.14 12.70- 12.80- 13.00- 13.40- : 12.80 12.90 13.90 14.30 : =============================================================================== 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-440-35 Note: Tables on pages 35-37 present a 25-year record of the differences between the November projection and the final estimate. Using world wheat production as an example, changes between the November projection and the final estimate have averaged 5.1 million tons (1.0%) ranging from -18.1 to 7.2 million tons. The November projection has been below the estimate 17 times and above 8 times. Reliability of November 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 : 1.0 5.1 -18.1 7.2 17 8 U.S. : 0.3 0.2 -1.2 0.5 13 9 Foreign : 1.1 5.1 -18.2 7.4 17 8 Exports : World : 3.8 4.4 -12.6 5.8 19 6 U.S. : 6.2 2.1 -8.6 3.8 10 15 Foreign : 5.3 4.3 -11.2 5.5 21 4 Domestic use : World : 1.0 5.5 -18.0 10.9 15 9 U.S. : 5.3 1.6 -2.5 3.6 9 16 Foreign : 1.1 5.6 -21.1 10.7 18 7 Ending stocks : World : 5.1 6.5 -18.7 12.1 17 8 U.S. : 9.9 2.2 -7.0 5.4 13 12 Foreign : 5.2 5.4 -15.3 12.4 18 7 : COARSE GRAINS 3/ : Production : World : 1.1 9.8 -28.2 7.8 18 7 U.S. : 1.0 2.3 -7.5 5.8 14 11 Foreign : 1.5 9.4 -26.0 6.0 18 7 Exports : World : 4.4 4.6 -11.0 12.4 16 9 U.S. : 11.9 6.3 -14.7 13.6 13 12 Foreign : 9.7 5.1 -15.3 8.4 15 10 Domestic use : World : 1.1 9.8 -22.2 21.9 15 10 U.S. : 2.8 5.1 -17.2 17.1 14 11 Foreign : 1.2 8.0 -17.3 22.2 16 9 Ending stocks : World : 10.2 13.1 -32.1 13.2 20 5 U.S. : 17.0 8.2 -23.9 16.1 14 11 Foreign : 14.1 10.9 -31.1 6.7 21 4 : RICE, milled : Production : World : 1.8 6.2 -16.8 1.9 21 4 U.S. : 2.8 0.2 -0.3 0.5 13 11 Foreign : 1.8 6.1 -16.9 1.7 21 4 Exports : World : 8.0 1.6 -6.0 0.9 20 5 U.S. : 6.9 0.2 -0.7 0.6 14 8 Foreign : 9.3 1.5 -6.0 1.0 18 7 Domestic use : World : 1.3 4.5 -17.5 1.7 21 4 U.S. : 5.9 0.2 -0.4 0.5 13 12 Foreign : 1.3 4.5 -17.7 1.6 21 4 Ending stocks : World : 9.5 4.4 -15.6 3.6 19 6 U.S. : 18.3 0.2 -0.8 0.8 14 11 Foreign : 10.1 4.4 -15.1 3.3 19 6 =============================================================================== 1/ Footnotes at end of table. CONTINUED WASDE-440-36 Reliability of November 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 : 2.9 4.1 -7.9 16.8 14 11 U.S. : 1.6 0.9 -2.7 2.1 9 16 Foreign : 4.9 3.9 -7.9 16.1 15 10 Exports : World : 5.9 2.5 -9.4 11.9 16 9 U.S. : 8.1 1.8 -4.2 5.2 15 10 Foreign : 16.3 2.2 -8.0 11.7 12 13 Domestic use : World : 2.5 3.4 -6.9 12.1 16 9 U.S. : 2.8 1.2 -3.6 2.1 19 6 Foreign : 3.5 3.3 -5.8 12.8 17 8 Ending stocks : World : 13.4 3.2 -7.9 18.4 15 10 U.S. : 31.2 2.3 -3.3 5.6 6 19 Foreign : 17.0 2.9 -8.3 12.8 16 9 : COTTON : Million 480-pound bales Production : World : 2.7 2.3 -8.7 5.8 17 8 U.S. : 2.4 0.4 -0.8 0.9 15 9 Foreign : 3.2 2.3 -8.0 5.6 16 9 Exports : World : 4.3 1.2 -3.9 1.5 16 9 U.S. : 13.3 0.9 -2.2 1.5 15 10 Foreign : 5.1 0.9 -3.0 1.7 12 12 Mill use : World : 2.2 1.9 -6.0 2.9 13 11 U.S. : 4.7 0.4 -0.9 1.1 15 10 Foreign : 2.2 1.8 -5.5 3.4 14 11 Ending stocks : World : 10.2 3.7 -8.6 10.8 14 11 U.S. : 24.1 1.0 -2.1 2.3 7 18 Foreign : 10.9 3.6 -9.3 10.2 16 9 =============================================================================== 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-440-37 Reliability of United States November 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 : 1.0 80 -250 164 14 10 Exports : 12.1 218 -575 483 12 13 Domestic use : 3.2 197 -574 535 18 7 Ending stocks : 19.8 321 -986 732 12 13 : SORGHUM : Production : 2.4 15 -53 52 12 13 Exports : 15.0 36 -115 97 15 9 Domestic use : 9.5 39 -114 127 11 14 Ending stocks : 30.5 31 -104 82 11 14 : BARLEY : Production : 1.1 5 -12 24 10 10 Exports : 22.1 12 -37 30 12 11 Domestic use : 5.9 21 -30 70 9 15 Ending stocks : 10.0 15 -38 23 16 8 : OATS : Production : 0.8 3 -18 16 7 8 Exports : 44.4 1 -4 7 6 7 Domestic use : 3.5 13 -39 36 13 12 Ending stocks : 12.8 15 -46 52 15 10 : : Thousand short tons SOYBEAN MEAL : Production : 2.7 868 -2578 1265 17 8 Exports : 9.1 624 -1900 1450 12 13 Domestic use : 2.6 642 -1277 1166 13 12 Ending stocks : 24.1 61 -249 188 12 12 : : Million pounds SOYBEAN OIL : Production : 2.9 434 -1418 740 17 8 Exports : 20.4 303 -900 964 12 12 Domestic use : 2.4 310 -985 500 17 8 Ending stocks : 18.1 302 -1138 708 10 14 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 3.7 919 -852 2461 15 8 Pork : 2.7 460 -1240 1592 13 10 Broilers : 1.6 372 -1337 613 15 8 Turkeys : 2.2 102 -444 211 14 9 : : Million dozen Eggs : 1.2 77 -127 183 17 6 : : Billion pounds Milk : 1.4 2.1 -6.0 5.7 12 11 =============================================================================== 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. 2/ Final estimate for 1981/82-2004/05 is defined as the first November estimate following the marketing year and for 2005/06 last month's estimate. 3/ May not total 25 for crops and 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 ----------------