ISSN:1554-9089 WASDE-459 June 10, 2008 NOTE: Because planting of spring crops is still underway in the Northern Hemisphere and remains several months away in the Southern Hemisphere, these projections are tentative. Variation in area and yields may result from weather developments, economic factors, and policy changes. National Agricultural Statistics Service (NASS) forecasts are used for U.S. winter wheat. For other crops, planted acreage reflects the March 31 NASS Prospective Plantings report. Methods used to project harvested acreage and yield are noted on each table. WHEAT: U.S. 2008/09 wheat supplies are projected higher this month on higher production and increased carryin. Winter wheat production is forecast 40 million bushels higher with higher yields expected in most states. Beginning stocks are projected 15 million bushels higher as 2007/08 exports are lowered the same amount on slower-than-expected shipments in recent weeks. Feed and residual use for 2008/09 is raised 25 million bushels with increased supplies, particularly for soft red winter wheat, and higher expected corn prices. Exports are raised 25 million bushels on strong new-crop sales. Ending stocks are projected at 487 million bushels, up 5 million from last month. The 2008/09 marketing-year average farm price is projected at $6.75 to $8.25 per bushel, up 15 cents on both ends of the range. Wheat prices are expected to remain supported by early season demand and higher corn prices. Global wheat production for 2008/09 is raised 6.9 million tons this month with higher output expected from FSU-12, China, and the United States. Nearly ideal weather continues to support crop prospects for Russia and Ukraine with production raised 2.0 million and 1.0 million tons, respectively. Production for China is raised 5.0 million tons for 2008/09 on good growing conditions for this year's crop and in line with recently released estimates for 2007/08 and 2006/07 from China's National Bureau of Statistics. Production for 2007/08 is raised 3.9 million tons, and 2006/07 production is revised 4.0 million tons higher on reported yields. Partly offsetting the 2008/09 increases are reductions for Afghanistan, Argentina, and Syria due to dry conditions. Production is also lowered 0.5 million tons for Canada as cool, dry early season conditions have slowed crop emergence and establishment. Global wheat imports, exports, and consumption for 2008/09 are all raised this month with increased supplies. World exports are raised 1.0 million tons with increases for Ukraine and the United States more than offsetting reductions for Canada and Syria. World consumption is raised 3.9 million tons mostly reflecting higher feeding and food use in China and higher feeding in the United States. World ending stocks are projected 8.1 million tons higher this month at 132.1 million, up 16.9 million from 2007/08 and the highest since 2005/06. Ending stocks for 2007/08 and 2006/07 are raised 5.1 million tons and 2.6 million tons, respectively, mostly on increases for China following the large revisions made to production. COARSE GRAINS: U.S. 2008/09 feed grains supplies are projected lower and prices higher with reduced prospects for corn production this month. The 2008 corn crop is projected at 11.7 billion bushels, down 390 million from last month based on lower expected yields. The national average yield is projected at 148.9 bushels per acre, 5 bushels below last month, and 6 bushels below the 1990-2007 trend. This month's reduction reflects slow planting progress, slow crop emergence, and persistent, heavy rainfall across the Corn Belt. The latest rounds of torrential rainfall are expected to reduce plant populations and nitrogen availability, particularly for corn planted after mid-May. Corn supplies for 2008/09 are projected 340 million bushels lower this month. Partly offsetting lower production is a 50- million-bushel increase in beginning stocks resulting from lower projected 2007/08 exports. Feed and residual use for 2008/09 is projected 150 million bushels lower on reduced feeding demand with higher prices, increased wheat and sorghum feeding, and lower expected residual losses with the smaller crop. Exports are lowered 100 million bushels reflecting tighter U.S. supplies and increased export competition with higher foreign production. Ending stocks for 2008/09 are projected at 673 million bushels, down 90 million from last month, and 760 million below the 2007/08 forecast. If realized, 2008/09 ending stocks would be the lowest since 1995/96. The 2008/09 marketing-year average farm price for corn is projected 30 cents higher on both ends of the range at $5.30 to $6.30 per bushel. Price forecasts for sorghum, barley, and oats are all raised for 2008/09. Price forecasts for 2007/08 corn and sorghum are also raised reflecting higher expected summer prices. Global 2008/09 coarse grain production is lowered 3.1 million tons this month. The 9.9-million-ton cut in U.S. corn production is only partly offset by increased corn production in China and the Philippines, and increased corn and barley production in Russia and Ukraine. Foreign corn production is projected 7.6 million tons higher this month and 19.5 million tons above the current 2007/08 forecast. China corn production for 2008/09 is raised to 153.0 million tons, up 3.0 million from last month, reflecting a higher yield consistent with recently released 2007/08 estimates and 2006/07 revisions by China's National Bureau of Statistics. Production for China is raised 6.8 million tons for 2007/08 on a higher reported yield and raised 6.1 million tons for 2006/07 on an upward revision to area. Corn production for Russia and Ukraine are raised 1.5 million tons and 2.0 million tons, respectively, on higher indicated area. Barley production is raised 0.5 million tons each for Russia and Ukraine on higher expected yields with continued good moisture for crop development during May. Brazil corn production for 2007/08 is raised 2 million tons reflecting above average rainfall and higher expected yields for second-crop corn. World coarse grain consumption for 2008/09 is increased 4.3 million tons this month with increased foreign consumption more than offsetting reduced U.S. corn use. China accounts for most of the increase with corn consumption raised 7.0 million tons mostly on higher expected feeding as hog production recovers from disease problems. Corn exports for 2008/09 are raised 1.0 million tons each for Brazil and Ukraine, offsetting most of the U.S. reduction. Global coarse grain ending stocks are projected higher for 2008/09 with corn stocks up 4.3 million tons, mostly reflecting higher production for China. Global corn ending stocks for 2007/08 and 2006/07 are also raised, again mostly on changes for China. RICE: U.S. rice supplies in 2008/09 are raised 1.0 million cwt from a month ago owing to an increase in beginning stocks and imports each raised 0.5 million cwt. Imports in 2007/08 are raised 0.5 million cwt to 22.0 million cwt due to a strong pace. The slight increase in 2007/08 supplies are carried over to 2008/09. Total rice use in 2008/09 is raised 1 million cwt due entirely to an increase in exports. Exports are projected at 99 million cwt with each of the by-class categories raised 0.5 million cwt. Rough rice exports are raised 1.0 million cwt, while combined milled and brown exports are unchanged. The season-average farm price for 2008/09 is projected at $16.50 to $17.50 per cwt, down $2.00 per cwt on each end from a month ago, and compares to a revised $12.35-$12.65 per cwt for 2007/08. The decline in the price forecast reflects the easing of some global export restrictions. The 2008/09 price forecast is still at a record despite the reduction. Global 2008/09 rice production, consumption, and stocks are reduced from last month while trade is nearly unchanged. Global production is lowered 0.6 million tons due primarily to a reduction for Burma. Burma's 2008/09 rice crop is lowered 0.6 million tons to 9.4 million tons. The decline in Burma's crop results both from a reduction in area and an expected decline in average yield due to the effects of the storm damage from Cyclone Nargis in early May. Global ending stocks are projected at 81.5 million tons, down 1.1 million tons from last month, but up 4.0 million tons from 2007/08. OILSEEDS: This month's U.S. oilseed supply and use projections for 2008/09 include reductions in beginning and ending stocks. Lower beginning stocks reflect a higher export projection for 2007/08. Soybean production and trade are unchanged, but crush is reduced 10 million bushels mainly reflecting reduced prospects for domestic soybean meal use. Soybean ending stocks for 2008/09 are projected at 175 million bushels, down 10 million from last month. Other changes include reduced soybean oil used for biodiesel production for both 2007/08 and 2008/09 as high soybean oil prices relative to other fats and oils have reduced the soybean oil share of total biodiesel production more quickly than expected. Soybean, meal, and oil prices for 2008/09 are all raised this month. The U.S. season-average soybean price is projected at $11.00 to $12.50 per bushel, up 50 cents on both ends of the range. Soybean meal prices are projected at $295 to $355 per short ton, up 15 dollars on both ends of the range. Soybean oil prices are projected at 52 to 56 cents per pound, up 2 cents on both ends of the range. Global oilseed production for 2008/09 is projected at 419.3 million tons, up 31.6 million tons from 2007/08. Foreign oilseed production is projected at 326.3 million tons, up 18.6 million tons from 2007/08. Global soybean production is projected to increase 10 percent to 240.7 million tons. Most of the increase is due to higher production in the United States as producers increased planted area sharply from 2007/08. Higher soybean production is projected for both Brazil and Argentina as producers respond to high soybean prices. The Brazil crop is projected at 64 million tons, up 3 million from 2007/08. Despite continuing financial problems and a strong currency, producers in Brazil are projected to increase plantings by around 5 percent, more than offsetting a small reduction in yields. The Argentina crop is projected at 48 million tons, up 1 million from 2007/08 based on a small increase in area and yield. Soybean production for China is projected at 16 million tons, up 2.5 million from 2007/08. Global production of high-oil content seed is up 11 percent from 2007/08 reflecting sharp increases in rapeseed and sunflowerseed production. Rapeseed production is projected higher in EU-27, China, Canada, India, Ukraine, and Australia. Higher global sunflowerseed production is projected for Argentina, Russia, Ukraine, and EU-27. Despite higher global oilseed production, 2008/09 oilseed supplies are up just 3 percent as beginning stocks are sharply lower compared with a year ago. Global protein meal consumption is projected to increase 2.4 percent in 2008/09. Protein meal consumption is projected to increase 5 percent in China, which accounts for 40 percent of global protein consumption gains. EU-27 protein meal consumption is projected to decline as wheat production and feeding recovers from 2007/08. World soybean trade is projected to reach a record 76.3 million tons, up 2.5 million tons from 2007/08. China is projected to account for 60 percent of the increase, reaching a record 35.5 million tons of imports. Global vegetable oil consumption is projected to increase 4.3 percent in 2008/09 led by increases for China, India, and EU- 27. Industrial use is projected to grow at a reduced rate compared with recent years as high prices of vegetable oils will limit expansion. Global vegetable oil stocks are projected to decline 2 percent from 2007/08. SUGAR: Projected 2008/09 U.S. sugar supply is decreased 63,000 short tons, raw value, from last month, due to lower beginning stocks. Ending stocks for 2007/08 are reduced due to lower processor production estimates compiled by the Farm Service Agency. LIVESTOCK, POULTRY, AND DAIRY: Total U.S. meat production for both 2008 and 2009 is projected lower than last month as higher feed prices weigh on the sector. Beef production is forecast higher in 2008 as cow slaughter forecasts are raised, more than offsetting lower forecast steer and heifer slaughter. Beef carcass weights are unchanged despite higher feed prices as producers are expected to place cattle into feedlots at heavier weights. Beef production forecasts for 2009 are unchanged from last month. Pork production forecasts for 2008 and 2009 are lowered from last month. Imports of hogs from Canada are forecast lower as production in that country declines. Carcass weights in both years are forecast slightly lower than last month as high feed prices are expected to encourage producers to market hogs as rapidly as possible. USDA will publish its Quarterly Hogs and Pigs report on June 27, providing information on producer farrowing intentions in the coming quarters. The broiler production forecast for 2008 is unchanged from last month, but the forecast for 2009 is reduced in the last half of the year as higher forecast feed prices slow output growth. Turkey production forecasts for 2008 and 2009 are unchanged from last month. Egg production in 2008 is forecast slightly lower than last month, but 2009 forecasts are unchanged. Red meat and poultry export forecasts for 2008 and 2009 are raised from last month, mostly reflecting higher broiler meat exports. The beef export forecast is fractionally higher, but pork exports in 2008 are reduced, reflecting lower-than- expected sales in the first quarter. Red meat forecasts are unchanged for 2009. Broiler exports were higher than expected in the first quarter of 2008 and are expected to remain robust both in 2008 and 2009 despite current short- term disease related disruptions. Price forecasts for both 2008 and 2009 are raised as meat supplies are forecast tighter and demand remains relatively strong. Cattle price forecasts for 2008 are about unchanged as higher prices at the end of the year are mostly offset by weaker current prices. Prices in 2009 are raised from last month on tighter meat supplies. Hog prices are raised due to expectations of reduced hog supplies from Canada and generally tighter supplies of red meat and poultry. Broiler prices are forecast higher as reduced broiler meat production and tighter supplies of red meat are expected to support prices. Egg prices are forecast higher as egg production remains about unchanged. Milk production forecasts for 2008 and 2009 are reduced primarily because high feed prices are expected to limit growth in milk per cow. For 2008, cow numbers are fractionally lower reflecting expected cow removals through the Cooperatives Working Together (CWT) program. Commercial exports are forecast higher in 2008 as sales have been stronger than expected. However, with relatively tight supplies forecast in 2009, the export forecast for 2009 is unchanged. Forecasts of domestic disappearance of fat and skim solids are reduced from last month. Tighter supplies of dairy products and competition between export and domestic markets are expected to result in relatively strong prices. Dairy product prices are forecast higher in both 2008 and 2009. Cheese prices are forecast higher in both years, which coupled with higher whey price forecasts, lead to an increase in the forecast Class III price. The butter price forecast is raised for 2008 as demand remains robust in the face of relatively large supplies. However, as prices remain relatively strong in 2008, export demand may weaken and the price forecast for 2009 is reduced slightly from last month. Conversely, forecasts for 2009 nonfat dry milk are raised as exports are expected to support higher prices. The Class IV price forecast is little changed from last month. The all milk price is forecast higher this month, averaging $18.90 to $19.30 in 2008 and $18.15 to $19.15 in 2009. COTTON: The U.S. 2008/09 supply and demand forecasts include an increase in beginning stocks which is more than offset by higher exports, resulting in slightly lower ending stocks relative to last month. Beginning stocks are raised 300,000 bales, reflecting a lower export estimate for 2007/08. Production and domestic mill use for 2008/09 are unchanged. The export projection is raised 500,000 bales to 15.0 million, mainly due to lower foreign production. Accordingly, ending stocks are reduced to 5.4 million bales, equal to 28 percent of total use. The U.S. June estimates include a forecast range of 58.0 to 72.0 cents per pound for the 2008/09 upland cotton weighted average price received by farmers and an estimate of 57 cents for 2007/08. These prices are included pursuant to the enactment of the Food, Conservation, and Energy Act of 2008, which removed a 79-year-old prohibition on the publication of cotton price forecasts by USDA. The increase for 2008/09 compared with 2007/08 is based mainly on the projected decline in U.S. and world cotton supplies and ending stocks. More detailed information about the price forecasts and methodology will appear in the Economic Research Service's Cotton and Wool Outlook on June 11 after 4:00 p.m. at: http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo .do?documentID=1281. The world 2008/09 projections show lower production and ending stocks compared with last month, with only marginal revisions to consumption and trade. Production of 116.4 million bales is reduced 1.6 million bales from last month and 3.6 million bales from 2007/08. USDA's first projections by country show year-to-year declines for the United States, Brazil, Turkey, Central Asia, and Egypt, partially offset by increases for India, the African Franc Zone, Australia, and Pakistan. World ending stocks of 54.1 million bales are reduced about 1.5 million from last month and 12.5 percent from the beginning level. Approved by the Secretary of Agriculture and the Chairperson of the World Agricultural Outlook Board, Gerald A. Bange, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY: CHARLES F. CONNER ACTING SECRETARY OF AGRICULTURE INTERAGENCY COMMODITY ESTIMATES COMMITTEES Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and Demand Estimates (WASDE) report. The Board's analysts chair the Interagency Commodity Estimates Committees (ICECs) that prepare the monthly report. Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail: jnorton@oce.usda.gov Gary Vocke, ERS; Joshua Lagos, FAS; Dennis Shields, FSA. Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail: aaaronson@oce.usda.gov Nathan Childs, ERS; Ryan Scott, FAS; William Chambers, FSA. Feed Grains: Jerry Norton, ICEC Chair, WAOB, E-mail: jnorton@oce.usda.gov Allen Baker, ERS; Richard O'Meara, FAS; Pete Riley, FSA. Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: kmenzie@oce.usda.gov Mark Ash, ERS; Bill George, FAS; Max Fisher, FSA. Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail: cskelly@oce.usda.gov Darryl Earnest, AMS; Leslie Meyer, ERS; James Johnson, FAS; Steven Neff, FSA. Sugar: John Love, ICEC Chair, WAOB, E-mail: jlove@oce.usda.gov Stephen Haley, ERS; Ron Lord, FAS; Barbara Fecso, FSA. Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: sshagam@oce.usda.gov Warren Preston, AMS; Mildred M. Haley, ERS; Claire Mezoughem, FAS; Dale Leuck, FSA. Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: sshagam@oce.usda.gov Marc Warman, AMS; David Harvey, ERS; Michelle DeGraaf, FAS; Milton Madison, FSA. Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail: sshagam@oce.usda.gov Jerry Cessna, AMS; Roger Hoskin, ERS; Paul Kiendl, FAS; Milton Madison, FSA. In 2008, the WASDE report will be released on July 11, Aug. 12, Sep. 12, Oct. 10, Nov. 10, Dec. 11. T A B L E OF C O N T E N T S Page Highlights . . . . . . . . . . . . . . . . . . . . . . . . . .1 Interagency Commodity Estimates Committees . . . . . . . . . .6 World & U.S. Supply & Use for Grains . . . . . . . . . . . . .8 World & U.S. Supply & Use for Cotton . . . . . . . . . . . . .9 World & U.S. Supply & Use for Oilseeds . . . . . . . . . . . 10 U.S. Wheat Supply & Use. . . . . . . . . . . . . . . . . . . 11 U.S. Wheat Supply & Use by Class . . . . . . . . . . . . . . 11 U.S. Feed Grain & Corn Supply & Use. . . . . . . . . . . . . 12 U.S. Sorghum, Barley, & Oats Supply & Use. . . . . . . . . . 13 U.S. Rice Supply & Use . . . . . . . . . . . . . . . . . . . 14 U.S. Soybeans & Products Supply & Use. . . . . . . . . . . . 15 U.S. Sugar Supply & Use. . . . . . . . . . . . . . . . . . . 16 U.S. Cotton Supply & Use . . . . . . . . . . . . . . . . . . 17 World Wheat Supply & Use . . . . . . . . . . . . . . . . . . 18 World Coarse Grains Supply & Use . . . . . . . . . . . . . . 20 World Corn Supply & Use. . . . . . . . . . . . . . . . . . . 22 World Rice Supply & Use. . . . . . . . . . . . . . . . . . . 24 World Cotton Supply & Use . . . . . . . . . . . . . . . . . 26 World Soybean Supply & Use . . . . . . . . . . . . . . . . . 28 World Soybean Meal Supply & Use. . . . . . . . . . . . . . . 29 World Soybean Oil Supply & Use . . . . . . . . . . . . . . . 30 U.S. Quarterly Animal Product Production . . . . . . . . . . 31 U.S. Quarterly Prices for Animal Products. . . . . . . . . . 31 U.S. Meats Supply and Use. . . . . . . . . . . . . . . . . . 32 U.S. Egg Supply & Use. . . . . . . . . . . . . . . . . . . . 33 U.S. Milk Supply and Use . . . . . . . . . . . . . . . . . . 33 U.S. Dairy Prices. . . . . . . . . . . . . . . . . . . . . . 34 Reliability Tables . . . . . . . . . . . . . . . . . . . . . 35 Related USDA Reports . . . . . . . . . . . . . . . . . . . . 38 Metric Conversion Factors. . . . . . . . . . . . . . . . . . 38 Electronic Access and Subscriptions. . . . . . . . . . . . . 40 WASDE-459-8 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/ : 2006/07 : 2,004.65 2,393.05 258.34 2,051.21 341.84 2007/08 (Est.) : 2,114.11 2,455.95 263.69 2,116.89 339.06 2008/09 (Proj.) : May : 2,158.69 2,482.19 263.80 2,148.38 333.80 June : 2,161.87 2,500.93 264.47 2,156.07 344.86 Wheat : 2006/07 : 596.00 743.06 110.69 616.45 126.62 2007/08 (Est.) : 610.77 737.38 110.70 622.25 115.14 2008/09 (Proj.) : May : 656.01 766.04 117.46 642.04 123.99 June : 662.90 778.04 118.44 645.98 132.06 Coarse grains 4/ : 2006/07 : 988.51 1,154.17 116.83 1,014.63 139.54 2007/08 (Est.) : 1,075.69 1,215.23 124.54 1,068.87 146.36 2008/09 (Proj.) : May : 1,070.64 1,205.60 119.33 1,078.37 127.23 June : 1,067.56 1,213.92 118.99 1,082.63 131.29 Rice, milled : 2006/07 : 420.14 495.81 30.82 420.13 75.69 2007/08 (Est.) : 427.65 503.34 28.45 425.78 77.56 2008/09 (Proj.) : May : 432.04 510.55 27.01 427.97 82.58 June : 431.41 508.97 27.05 427.46 81.51 : : United States Total grains 3/ : 2006/07 : 335.67 413.87 86.12 277.90 49.85 2007/08 (Est.) : 413.62 469.75 107.89 314.33 47.54 2008/09 (Proj.) : May : 396.56 448.34 87.67 323.77 36.90 June : 387.74 441.48 85.84 320.89 34.75 Wheat : 2006/07 : 49.32 68.18 24.73 31.04 12.41 2007/08 (Est.) : 56.25 71.25 34.43 29.89 6.93 2008/09 (Proj.) : May : 65.10 74.34 26.54 34.67 13.13 June : 66.18 75.83 27.22 35.35 13.26 Coarse grains 4/ : 2006/07 : 280.11 337.43 58.45 242.81 36.17 2007/08 (Est.) : 351.06 390.23 69.88 280.45 39.91 2008/09 (Proj.) : May : 325.16 366.29 58.00 285.07 23.22 June : 315.25 357.91 55.46 281.52 20.94 Rice, milled : 2006/07 : 6.24 8.26 2.94 4.05 1.27 2007/08 (Est.) : 6.31 8.28 3.58 3.99 0.71 2008/09 (Proj.) : May : 6.30 7.71 3.13 4.02 0.55 June : 6.30 7.74 3.17 4.02 0.55 =============================================================================== 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-459-9 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/ : 2006/07 : 1,668.98 1,979.18 172.23 1,773.31 291.99 2007/08 (Est.) : 1,700.49 1,986.20 155.81 1,802.56 291.52 2008/09 (Proj.) : May : 1,762.13 2,033.85 176.14 1,824.61 296.90 June : 1,774.13 2,059.45 178.64 1,835.18 310.11 Wheat : 2006/07 : 546.68 674.89 85.96 585.41 114.20 2007/08 (Est.) : 554.52 666.14 76.28 592.35 108.21 2008/09 (Proj.) : May : 590.91 691.70 90.93 607.37 110.86 June : 596.72 702.21 91.23 610.63 118.80 Coarse grains 5/ : 2006/07 : 708.40 816.74 58.39 771.82 103.36 2007/08 (Est.) : 724.63 825.00 54.67 788.42 106.46 2008/09 (Proj.) : May : 745.48 839.31 61.33 793.29 104.01 June : 752.30 856.01 63.53 801.11 110.35 Rice, milled : 2006/07 : 413.90 487.55 27.88 416.07 74.42 2007/08 (Est.) : 421.34 495.06 24.87 421.79 76.86 2008/09 (Proj.) : May : 425.75 502.85 23.88 423.95 82.03 June : 425.11 501.23 23.88 423.44 80.96 =============================================================================== 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 2006/07 : 122.09 184.49 37.19 123.32 63.11 2007/08 (Est.) : 120.04 183.15 38.22 124.40 61.82 2008/09 (Proj.) : May : 118.00 179.55 41.00 127.00 55.55 June : 116.43 178.25 40.87 127.16 54.09 : United States 2006/07 : 21.59 27.68 13.01 4.94 9.48 2007/08 (Est.) : 19.21 28.70 13.90 4.60 10.20 2008/09 (Proj.) : May : 14.50 24.42 14.50 4.30 5.60 June : 14.50 24.72 15.00 4.30 5.40 : Foreign 3/ 2006/07 : 100.50 156.81 24.18 118.38 53.63 2007/08 (Est.) : 100.83 154.45 24.32 119.80 51.62 2008/09 (Proj.) : May : 103.50 155.14 26.50 122.70 49.95 June : 101.93 153.53 25.87 122.86 48.69 =============================================================================== 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-459-10 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 : 2006/07 : 403.27 468.06 83.34 328.98 72.58 2007/08 (Est.) : 387.73 460.31 87.31 340.16 56.84 2008/09 (Proj.) : May : 423.00 479.73 June : 419.32 476.15 90.66 350.66 58.49 Oilmeals : 2006/07 : 224.67 232.42 68.22 221.81 7.45 2007/08 (Est.) : 232.91 240.35 72.92 230.17 7.12 2008/09 (Proj.) : May : June : 239.05 246.21 73.98 235.76 6.88 Vegetable Oils : 2006/07 : 121.48 131.83 48.44 120.57 9.55 2007/08 (Est.) : 127.99 137.53 51.22 126.49 9.41 2008/09 (Proj.) : May : June : 133.24 142.63 53.81 131.90 9.19 : : United States Oilseeds : 2006/07 : 96.61 111.84 31.68 53.45 17.02 2007/08 (Est.) : 80.00 98.20 31.71 54.53 4.46 2008/09 (Proj.) : May : 93.04 99.27 29.74 54.68 6.05 June : 93.04 98.56 29.74 54.41 5.79 Oilmeals : 2006/07 : 41.54 43.60 8.25 34.97 0.39 2007/08 (Est.) : 42.19 44.62 8.66 35.63 0.33 2008/09 (Proj.) : May : 42.35 44.58 8.29 35.96 0.33 June : 42.17 44.57 8.38 35.86 0.33 Vegetable Oils : 2006/07 : 10.44 14.79 1.31 11.75 1.73 2007/08 (Est.) : 10.76 15.43 1.73 12.05 1.65 2008/09 (Proj.) : May : 10.69 15.34 1.48 12.31 1.55 June : 10.64 15.52 1.49 12.49 1.54 : : Foreign 3/ Oilseeds : 2006/07 : 306.66 356.22 51.66 275.53 55.56 2007/08 (Est.) : 307.73 362.11 55.60 285.64 52.38 2008/09 (Proj.) : May : 329.96 380.46 June : 326.28 377.59 60.92 296.25 52.70 Oilmeals : 2006/07 : 183.13 188.82 59.97 186.84 7.05 2007/08 (Est.) : 190.72 195.73 64.26 194.53 6.79 2008/09 (Proj.) : May : June : 196.88 201.64 65.60 199.90 6.55 Vegetable Oils : 2006/07 : 111.04 117.05 47.13 108.82 7.82 2007/08 (Est.) : 117.23 122.11 49.49 114.44 7.76 2008/09 (Proj.) : May : June : 122.60 127.12 52.32 119.41 7.65 =============================================================================== 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-459-11 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : May June =============================================================================== Area : Million acres Planted : 57.3 60.4 63.8 * 63.8 * Harvested : 46.8 51.0 56.3 * 56.3 * Yield per harvested : Bushels acre : 38.7 40.5 42.5 * 43.2 * : Million bushels Beginning stocks : 571 456 239 254 Production : 1,812 2,067 2,392 2,432 Imports : 122 95 100 100 Supply, total : 2,505 2,618 2,732 2,786 Food : 938 950 960 960 Seed : 81 88 84 84 Feed and residual : 121 60 230 255 Domestic, total : 1,140 1,098 1,274 1,299 Exports : 909 1,265 975 1,000 Use, total : 2,049 2,363 2,249 2,299 Ending stocks : 456 254 483 487 CCC inventory : 41 0 Free stocks : 415 254 Outstanding loans : 14 1 Avg. farm price ($/bu) 2/ : 4.26 6.50 6.60- 8.10 6.75- 8.25 =============================================================================== U.S. Wheat by Class: Supply and Use ============================================================================== Year beginning : Hard : Hard : Soft : : : June 1 : Winter : Spring : Red : White : Durum :Total =============================================================================== 2007/08 (estimated) : Million bushels Beginning stocks : 165 117 109 44 22 456 Production : 962 449 358 227 72 2,067 Supply, total 3/ : 1,127 608 477 278 128 2,618 Domestic use : 491 234 211 86 76 1,098 Exports : 530 310 220 165 40 1,265 Use, total : 1,021 544 431 251 116 2,363 Ending stocks Jun : 106 64 46 26 12 254 May : 96 64 41 26 12 239 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. * For May, planted acres reported in March 31, 2008, "Prospective Plantings." Harvested acres and yield for other spring wheat and durum are projected using 10-year harvested-to-planted ratios by state and projected yield derived from 1985-2007 trend yields by state (except Idaho durum). For June, winter wheat harvested acreage and yield reported in the June 10, 2008, "Crop Production." ****************************************************************************** * * * * * Wheat-by-class projections for 2008/09 will first be published * * in the July 11, 2008, WASDE. * * * * * ****************************************************************************** WASDE-459-12 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : May June =============================================================================== FEED GRAINS : Area : Million acres Planted : 92.5 109.1 101.0 * 101.0 * Harvested : 80.1 98.4 90.1 * 90.1 * Yield per harvested : Metric tons acre : 3.50 3.57 3.61 3.50 : Million metric tons Beginning stocks : 54.7 36.2 38.4 39.9 Production : 279.9 350.9 325.0 315.0 Imports : 2.4 2.9 2.6 2.6 Supply, total : 337.1 389.9 365.9 357.6 Feed and residual : 148.3 164.2 142.8 139.3 Food, seed & industrial : 94.2 115.9 141.9 141.9 Domestic, total : 242.5 280.1 284.7 281.2 Exports : 58.4 69.9 58.0 55.5 Use, total : 300.9 350.0 342.7 336.6 Ending stocks, total : 36.2 39.9 23.2 20.9 CCC inventory : 0.0 0.0 Free stocks : 36.2 39.9 Outstanding loans : 3.0 4.1 : CORN : Area : Million acres Planted : 78.3 93.6 86.0 * 86.0 * Harvested : 70.6 86.5 78.8 * 78.8 * Yield per harvested : Bushels acre : 149.1 151.1 153.9 * 148.9 * : Million bushels Beginning stocks : 1,967 1,304 1,383 1,433 Production : 10,535 13,074 12,125 11,735 Imports : 12 15 15 15 Supply, total : 12,514 14,393 13,523 13,183 Feed and residual : 5,598 6,150 5,300 5,150 Food, seed & industrial : 3,488 4,360 5,360 5,360 Ethanol for fuel 2/ : 2,117 3,000 4,000 4,000 Domestic, total : 9,086 10,510 10,660 10,510 Exports : 2,125 2,450 2,100 2,000 Use, total : 11,210 12,960 12,760 12,510 Ending stocks, total : 1,304 1,433 763 673 CCC inventory : 0 0 Free stocks : 1,304 1,433 Outstanding loans : 116 160 Avg. farm price ($/bu) 3/ : 3.04 4.25- 4.45 5.00- 6.00 5.30- 6.30 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further breakout of food, seed, & industrial corn use including ethanol, see the ERS Feed Outlook table 5 or Feed Grains Database at "www.ers.usda.gov/db/feedgrains." * For May and June, planted acres reported in the March 31, 2008, "Prospective Plantings." For corn, harvested acres projected based on historical abandonment and derived demand for silage. Projected corn yield based on the simple linear trend of the national average yield for 1990-2007 adjusted for 2008 planting progress and emergence. WASDE-459-13 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : May June =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 6.5 7.7 7.4 * 7.4 * Area harv. (mil. acres) : 4.9 6.8 6.3 * 6.3 * Yield (bushels/acre) : 56.2 74.2 65.9 * 65.9 * Beginning stocks : 66 32 52 62 Production : 278 505 415 415 Imports : 0 0 0 0 Supply, total : 343 537 467 477 Feed and residual : 109 175 190 200 Food, seed & industrial : 45 35 60 60 Total domestic : 154 210 250 260 Exports : 157 265 160 160 Use, total : 311 475 410 420 Ending stocks, total : 32 62 57 57 Avg. farm price ($/bu) 2/ : 3.29 4.10- 4.30 4.70- 5.70 4.95- 5.95 : BARLEY : Area planted (mil. acres) : 3.5 4.0 4.1 * 4.1 * Area harv. (mil. acres) : 3.0 3.5 3.6 * 3.6 * Yield (bushels/acre) : 61.1 60.4 65.5 * 65.5 * Beginning stocks : 108 69 59 59 Production : 180 212 235 235 Imports : 12 23 20 20 Supply, total : 300 304 314 314 Feed and residual : 56 60 65 65 Food, seed & industrial : 156 145 145 145 Total domestic : 211 205 210 210 Exports : 20 40 25 25 Use, total : 231 245 235 235 Ending stocks, total : 69 59 79 79 Avg. farm price ($/bu) 2/ : 2.85 4.00 5.70- 6.70 5.75- 6.75 : OATS : Area planted (mil. acres) : 4.2 3.8 3.4 * 3.4 * Area harv. (mil. acres) : 1.6 1.5 1.4 * 1.4 * Yield (bushels/acre) : 59.8 60.9 64.0 * 64.0 * Beginning stocks : 53 51 45 45 Production : 94 92 90 90 Imports : 106 115 105 105 Supply, total : 252 257 240 240 Feed and residual : 125 135 115 115 Food, seed & industrial : 74 75 75 75 Total domestic : 199 210 190 190 Exports : 3 3 3 3 Use, total : 202 212 193 193 Ending stocks, total : 51 45 47 47 Avg. farm price ($/bu) 2/ : 1.87 2.60 3.50- 4.50 3.70- 4.70 =============================================================================== 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. * Planted acres reported in the March 30, 2007, "Prospective Plantings." Harvested area - For sorghum, barley, and oats harvested acres is the 4-year average harvested-to-planted ratio, 2004-2007. Yield - For sorghum the projected yield is derived from the 10-year average yield (1998-2007, excluding 2002 and 2003) adjusted for rounding in production. For barley and oats the projected yield is derived from the 1960-2007 trend yield adjusted for rounding in production. WASDE-459-14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : May June =============================================================================== TOTAL : Area : Million acres Planted : 2.84 2.76 2.77 * 2.77 * Harvested : 2.82 2.75 2.76 * 2.76 * Yield per harvested : Pounds acre : 6,868 7,185 7,145 * 7,145 * : : Million hundredweight : Beginning stocks 2/ : 43.0 39.3 21.6 22.1 Production : 193.7 197.5 197.0 197.0 Imports : 20.6 22.0 22.5 23.0 Supply, total : 257.3 258.8 241.1 242.1 Domestic & residual 3/ : 126.6 124.7 126.0 126.0 Exports, total 4/ : 91.4 112.0 98.0 99.0 Rough : 32.1 36.5 34.0 35.0 Milled (rough equiv.) : 59.3 75.5 64.0 64.0 Use, total : 218.0 236.7 224.0 225.0 Ending stocks : 39.3 22.1 17.1 17.1 Avg. milling yield (%) 5/ : 71.0 70.5 70.5 70.5 Avg. farm price ($/cwt) 6/ : 9.9612.35-12.65 18.50-19.50 16.50-17.50 : LONG GRAIN : Harvested acres (mil.) : 0.64 2.05 Yield (pounds/acre) : 7,484 6,929 Beginning stocks : 32.7 28.5 11.7 12.2 Production : 47.5 142.2 142.0 142.0 Supply, total 7/ : 86.5 186.2 169.7 170.7 Domestic & Residual 3/ : 57.8 89.0 88.0 88.0 Exports 8/ : 18.7 85.0 72.0 72.5 Use, total : 76.5 174.0 160.0 160.5 Ending stocks : 10.0 12.2 9.7 10.2 : : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 2.19 0.70 Yield (pounds/acre) : 6,689 7,942 Beginning stocks : 9.4 10.0 9.1 9.1 Production : 146.2 55.3 55.0 55.0 Supply, total 7/ : 170.0 71.8 70.6 70.6 Domestic & Residual 3/ : 87.3 35.7 38.0 38.0 Exports 8/ : 72.7 27.0 26.0 26.5 Use, total : 160.0 62.7 64.0 64.5 Ending stocks : 10.0 9.1 6.6 6.1 =============================================================================== 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): 2006/07-0.9; 2007/08-0.8; 2008/09-0.8. 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. * Planted acres reported in March 31, 2008, "Prospective Plantings." Harvested acres are estimated using the average harvested-to-planted ratios by State and rice class, 2005-2007. Projected yield is derived from the trend yields by rice class for the period, 1990-2007. WASDE-459-15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :=============================== : : Est. : May June =============================================================================== SOYBEANS: : Million acres Area : Planted : 75.5 63.6 74.8 * 74.8 * Harvested : 74.6 62.8 73.8 * 73.8 * : : Bushels Yield per harvested : acre : 42.7 41.2 42.1 * 42.1 * : : Million bushels : Beginning stocks : 449 574 145 125 Production : 3,188 2,585 3,105 3,105 Imports : 9 10 8 8 Supply, total : 3,647 3,169 3,258 3,238 Crushings : 1,806 1,840 1,850 1,840 Exports : 1,118 1,110 1,050 1,050 Seed : 78 92 90 90 Residual : 70 2 3/ 82 82 Use, total : 3,073 3,044 3,073 3,063 Ending stocks : 574 125 185 175 Avg. farm price ($/bu) 2/ : 6.43 10.00 10.50-12.00 11.00 -12.50 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 3,010 3,085 2,792 2,885 Production : 20,487 21,250 21,090 20,975 Imports : 37 50 47 50 Supply, total : 23,535 24,385 23,929 23,910 Domestic : 18,560 18,400 18,600 18,600 For methyl ester : 2,763 2,800 3,200 3,100 Exports : 1,889 3,100 2,650 2,650 Use, total : 20,449 21,500 21,250 21,250 Ending stocks : 3,085 2,885 2,679 2,660 Average price (c/lb) 2/ : 31.02 53.50 50.00- 52.00- : 54.00 56.00 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 314 351 300 300 Production : 43,027 43,784 43,985 43,785 Imports : 156 165 165 165 Supply, total : 43,497 44,300 44,450 44,250 Domestic : 34,360 34,800 35,350 35,050 Exports : 8,786 9,200 8,800 8,900 Use, total : 43,146 44,000 44,150 43,950 Ending stocks : 351 300 300 300 Average price ($/s.t.) 2/ : 205.44 315.00 280.00- 295.00- : 340.00 355.00 =============================================================================== Note: Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; for oil, simple average of crude soybean oil, Decatur; for meal, simple average of 48 percent, Decatur. 3/ Supply estimates and reported use through March 1, coupled with USDA's March 1 stocks estimate, indicate a below-average residual. *Planted acres are reported in the March 31 Prospective Plantings report. Harvested acres based on 5-year average planted to harvested ratios by state. Projected yield based on 1989-2007 regional trend analysis. WASDE-459-16 U.S. Sugar Supply and Use 1/ ====================================================================== : : : 2008/09 Projection Item : 2006/07 : 2007/08 :====================== : : Est. : May June ====================================================================== : 1,000 short tons, raw value : Beginning stocks : 1,698 1,799 1,757 1,694 Production 2/ : 8,446 8,329 8,115 8,115 Beet sugar : 5,008 4,807 4,400 4,400 Cane sugar : 3,438 3,522 3,715 3,715 Florida : 1,719 1,643 1,865 1,865 Hawaii : 222 231 240 240 Louisiana : 1,320 1,490 1,410 1,410 Texas : 177 158 200 200 Imports : 2,080 2,251 2,249 2,249 TRQ 3/ : 1,624 1,251 1,274 1,274 Other program 4/ : 390 425 425 425 Other 5/ : 66 575 550 550 Mexico : 60 575 550 550 Total supply : 12,224 12,379 12,121 12,058 : Exports : 422 250 250 250 Deliveries : 10,135 10,435 10,535 10,535 Food : 9,913 10,225 10,325 10,325 Other 6/ : 222 210 210 210 Miscellaneous 7/ : -132 0 0 0 : Total use : 10,425 10,685 10,785 10,785 Ending stocks : 1,799 1,694 1,336 1,273 : Stocks to use ratio : 17.3 15.9 12.4 11.8 ====================================================================== 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/ Pro-duction projections for 2008/09 are based on March 31 Prospective Plantings and trend yields. 3/ For 2008/09, includes only U.S. commitments under current trade agreements, minus shortfall of 100,000 tons. 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ Does not include Mexico TRQ imports. For 2006/07, other high-tier (0) and other (6). For 2007/08, other high-tier (0) and other (0). For 2008/09, other high-tier (0) and other (0). 6/ Transfers to sugar-containing products for reexport, and for nonedible alcohol and feed. 7/ Includes SMD miscellaneous uses and the difference between SMD imports and WASDE imports. WASDE-459-17 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :=============================== : : Est. : May June =============================================================================== : Million acres Area : Planted : 15.27 10.83 9.39 * 9.39 * Harvested : 12.73 10.49 8.39 * 8.39 * : : Pounds Yield per harvested : acre : 814 879 830 * 830 * : : Million 480 pound bales : Beginning stocks 2/ : 6.07 9.48 9.90 10.20 Production : 21.59 19.21 14.50 14.50 Imports : 0.02 0.02 0.02 0.02 Supply, total : 27.68 28.70 24.42 24.72 Domestic use : 4.94 4.60 4.30 4.30 Exports : 13.01 13.90 14.50 15.00 Use, total : 17.95 18.50 18.80 19.30 Unaccounted 3/ : 0.25 0.00 0.02 0.02 Ending stocks : 9.48 10.20 5.60 5.40 : Avg. farm price 4/ : 46.5 57.0 5/ 58.0-72.0 =============================================================================== 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/ Upland cotton marketing year weighted average price received by farmers in cents per pound. 5/ USDA was prohibited by law from publishing cotton price forecasts in May. *Planted area reported in March 31 "Prospective Plantings." Projected harvested area based on 1998-2007 U.S. average abandonment. Projected yield per harvested acre based on 2005-2007 average yields by State. WASDE-459-18 World Wheat Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2006/07 : World 3/ : 147.06 596.00 112.33 105.76 616.45 110.69 126.62 United States : 15.55 49.32 3.32 3.29 31.04 24.73 12.41 Total foreign : 131.52 546.68 109.01 102.47 585.41 85.96 114.20 Major exporters 4/ : 43.15 175.89 5.56 69.31 146.54 52.74 25.32 Argentina : 0.50 15.20 0.01 0.08 4.90 10.50 0.31 Australia : 9.62 10.64 0.09 4.70 7.40 8.73 4.22 Canada : 9.64 25.27 0.32 4.33 8.74 19.64 6.85 EU-27 5/ : 23.39 124.78 5.14 60.20 125.50 13.87 13.94 Major importers 6/ : 59.61 174.70 55.01 7.70 220.78 5.21 63.32 Brazil : 1.33 2.23 7.75 0.20 10.50 0.04 0.78 China : 34.39 108.47 0.38 4.00 102.00 2.78 38.46 Select. Mideast 7/ : 6.82 20.12 10.52 1.55 30.31 0.55 6.59 N. Africa 8/ : 10.51 18.53 16.30 0.25 33.90 0.26 11.18 Pakistan : 2.96 21.28 0.06 0.40 21.90 0.20 2.20 Southeast Asia 9/ : 2.20 0.00 10.65 0.90 9.98 0.42 2.46 Selected other : India : 2.00 69.35 6.71 0.30 73.36 0.20 4.50 FSU-12 : 12.72 84.98 5.93 21.65 72.64 22.35 8.65 Russia : 3.81 44.90 0.86 14.10 36.40 10.79 2.38 Kazakhstan : 3.01 13.50 0.03 2.70 7.50 8.00 1.04 Ukraine : 2.41 14.00 0.08 2.10 11.70 3.37 1.43 : : 2007/08 (Estimated) : World 3/ : 126.62 610.77 108.16 98.04 622.25 110.70 115.14 United States : 12.41 56.25 2.59 1.63 29.89 34.43 6.93 Total foreign : 114.20 554.52 105.58 96.41 592.35 76.28 108.21 Major exporters 4/ : 25.32 168.63 6.88 60.25 138.59 41.50 20.73 Argentina : 0.31 16.00 0.01 0.08 5.43 10.00 0.88 Australia : 4.22 13.10 0.08 3.50 6.20 7.00 4.20 Canada : 6.85 20.05 0.30 3.00 8.00 15.00 4.20 EU-27 5/ : 13.94 119.48 6.50 53.67 118.97 9.50 11.45 Major importers 6/ : 63.32 175.54 56.85 8.87 224.27 7.86 63.58 Brazil : 0.78 3.83 7.00 0.20 10.50 0.75 0.35 China : 38.46 109.86 0.20 6.00 104.00 2.70 41.82 Select. Mideast 7/ : 6.59 20.30 9.35 1.00 29.40 0.55 6.29 N. Africa 8/ : 11.18 13.82 19.50 0.15 35.38 0.16 8.97 Pakistan : 2.20 23.30 1.70 0.40 22.40 2.20 2.60 Southeast Asia 9/ : 2.46 0.00 10.00 0.82 10.25 0.53 1.68 Selected other : India : 4.50 75.81 2.00 0.20 75.85 0.05 6.41 FSU-12 : 8.65 92.69 5.63 23.98 75.87 22.35 8.75 Russia : 2.38 49.40 1.00 15.40 38.20 12.00 2.58 Kazakhstan : 1.04 16.60 0.03 2.70 7.50 8.50 1.67 Ukraine : 1.43 13.90 0.35 3.10 12.75 1.70 1.23 =============================================================================== 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-27. 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-459-19 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: =============================================================================== : : 2008/09 (Projected) World 3/ : May : 110.02 656.01 114.59 113.11 642.04 117.46 123.99 June : 115.14 662.90 115.49 115.79 645.98 118.44 132.06 United States : May : 6.52 65.10 2.72 6.26 34.67 26.54 13.13 June : 6.93 66.18 2.72 6.94 35.35 27.22 13.26 Total foreign : May : 103.50 590.91 111.86 106.85 607.37 90.93 110.86 June : 108.21 596.72 112.77 108.85 610.63 91.23 118.80 Major exporters 4/ : May : 20.21 204.00 5.38 69.08 148.38 56.50 24.71 June : 20.73 203.00 5.38 69.08 148.38 56.00 24.73 Argentina May : 0.38 15.00 0.01 0.08 5.48 9.50 0.41 Jun : 0.88 14.50 0.01 0.08 5.48 9.50 0.41 Australia May : 3.70 24.00 0.08 3.50 6.20 15.00 6.57 Jun : 4.20 24.00 0.08 3.50 6.20 15.00 7.07 Canada May : 4.17 25.00 0.30 2.50 7.70 17.00 4.77 Jun : 4.20 24.50 0.30 2.50 7.70 16.50 4.80 EU-27 5/ May : 11.95 140.00 5.00 63.00 129.00 15.00 12.95 Jun : 11.45 140.00 5.00 63.00 129.00 15.00 12.45 Major importers 6/ : May : 58.37 171.06 62.43 9.75 225.17 6.21 60.48 June : 63.58 176.06 62.43 11.75 228.32 6.21 67.54 Brazil May : 0.35 4.50 7.30 0.20 10.55 0.80 0.80 Jun : 0.35 4.50 7.30 0.20 10.55 0.80 0.80 China May : 36.96 109.00 0.03 7.00 104.00 2.00 39.99 Jun : 41.82 114.00 0.03 9.00 107.00 2.00 46.85 Sel. Mideast 7/May : 6.19 15.92 12.85 1.20 29.80 0.55 4.62 Jun : 6.29 15.92 12.85 1.20 29.90 0.55 4.62 N. Africa 8/ May : 8.72 15.76 20.30 0.20 35.43 0.21 9.14 Jun : 8.97 15.76 20.30 0.20 35.48 0.21 9.34 Pakistan May : 2.60 21.50 2.00 0.40 22.90 1.00 2.20 Jun : 2.60 21.50 2.00 0.40 22.90 1.00 2.20 SE Asia 9/ May : 1.68 0.00 10.75 0.50 10.10 0.53 1.81 Jun : 1.68 0.00 10.75 0.50 10.10 0.53 1.81 Selected other : India May : 6.41 76.78 0.10 0.20 78.10 0.05 5.14 Jun : 6.41 76.78 0.10 0.20 78.10 0.05 5.14 FSU-12 May : 9.75 99.34 6.03 24.80 77.35 24.94 12.84 Jun : 8.75 102.34 6.03 24.80 77.35 25.94 13.84 Russia May : 2.58 52.00 1.00 16.00 39.00 12.50 4.08 Jun : 2.58 54.00 1.00 16.00 39.00 12.50 6.08 Kazakhstan May : 1.67 14.00 0.03 2.70 7.50 6.00 2.20 Jun : 1.67 14.00 0.03 2.70 7.50 6.00 2.20 Ukraine May : 2.23 20.00 0.10 3.20 13.00 6.00 3.33 Jun : 1.23 21.00 0.10 3.20 13.00 7.00 2.33 =============================================================================== 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-27. 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-459-20 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: =============================================================================== : : 2006/07 : World 3/ : 165.66 988.51 112.97 635.20 1014.63 116.83 139.54 United States : 54.77 280.11 2.55 148.37 242.81 58.45 36.17 Total foreign : 110.89 708.40 110.42 486.82 771.82 58.39 103.36 Major exporters 4/ : 13.26 65.02 3.41 36.07 49.63 22.96 9.10 Argentina : 1.46 27.54 0.01 7.36 10.02 16.81 2.17 Australia : 3.08 6.58 0.02 4.96 6.22 2.02 1.44 Canada : 6.28 23.15 2.17 19.45 24.45 3.65 3.49 Major importers 5/ : 42.95 213.05 85.02 223.88 298.62 5.68 36.73 EU-27 6/ : 22.76 138.34 7.99 110.21 147.71 4.69 16.68 Japan : 1.74 0.18 19.67 14.88 19.82 0.00 1.76 Mexico : 3.34 29.14 11.06 23.40 39.95 0.22 3.38 N. Afr & Mideast 7/: 8.11 27.82 20.81 40.63 47.91 0.31 8.52 Saudi Arabia : 2.72 0.34 8.28 8.53 8.75 0.00 2.58 Southeast Asia 8/ : 2.12 16.88 4.00 15.01 20.77 0.46 1.77 South Korea : 1.38 0.33 8.80 6.96 9.16 0.00 1.35 Selected other : Brazil : 3.17 53.18 1.76 36.18 43.34 11.06 3.70 China : 35.81 159.10 1.16 105.36 153.70 5.41 36.95 FSU-12 : 5.55 58.70 0.93 35.49 51.44 8.46 5.28 Russia : 1.33 30.20 0.36 18.60 28.60 1.62 1.67 Ukraine : 2.40 19.18 0.05 9.95 13.38 6.13 2.12 : : 2007/08 (Estimated) : World 3/ : 139.54 1075.69 120.48 660.09 1068.87 124.54 146.36 United States : 36.17 351.06 2.99 164.32 280.45 69.88 39.91 Total foreign : 103.36 724.63 117.49 495.76 788.42 54.67 106.46 Major exporters 4/ : 9.10 76.78 2.90 37.19 51.59 27.82 9.37 Argentina : 2.17 27.02 0.00 7.59 10.35 17.11 1.74 Australia : 1.44 9.91 0.00 5.95 7.24 2.81 1.29 Canada : 3.49 27.84 2.57 19.14 24.70 5.78 3.42 Major importers 5/ : 36.73 212.67 93.56 229.78 304.36 5.26 33.34 EU-27 6/ : 16.68 137.62 18.96 115.90 152.86 4.56 15.84 Japan : 1.76 0.20 18.96 14.27 19.29 0.00 1.63 Mexico : 3.38 29.78 10.65 23.28 40.03 0.10 3.68 N. Afr & Mideast 7/: 8.52 25.57 20.10 40.03 47.25 0.06 6.88 Saudi Arabia : 2.58 0.32 7.80 8.93 9.15 0.00 1.55 Southeast Asia 8/ : 1.77 18.76 3.58 15.82 21.78 0.54 1.80 South Korea : 1.35 0.35 8.87 7.05 9.23 0.00 1.34 Selected other : Brazil : 3.70 60.44 1.06 37.85 45.02 11.23 8.96 China : 36.95 159.01 1.33 106.02 157.10 0.85 39.35 FSU-12 : 5.28 53.91 0.65 34.80 50.72 4.65 4.48 Russia : 1.67 29.33 0.38 18.78 29.05 1.05 1.27 Ukraine : 2.12 14.59 0.07 9.42 12.52 2.21 2.05 =============================================================================== 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-27, 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-459-21 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: =============================================================================== : : 2008/09 (Projected) World 3/ : May : 134.96 1070.64 116.61 641.84 1078.37 119.33 127.23 June : 146.36 1067.56 115.86 645.29 1082.63 118.99 131.29 United States : May : 38.38 325.16 2.75 142.92 285.07 58.00 23.22 June : 39.91 315.25 2.75 139.36 281.52 55.46 20.94 Total foreign : May : 96.58 745.48 113.86 498.92 793.29 61.33 104.01 June : 106.46 752.30 113.11 505.93 801.11 63.53 110.35 Major exporters 4/ : May : 9.74 79.13 2.95 37.05 52.13 28.69 11.01 June : 9.37 79.23 2.95 37.15 52.23 28.69 10.64 Argentina May : 1.92 29.92 0.00 8.11 10.92 18.36 2.56 Jun : 1.74 30.02 0.00 8.21 11.02 18.36 2.39 Australia May : 1.39 12.21 0.00 5.92 7.25 4.26 2.09 Jun : 1.29 12.21 0.00 5.92 7.25 4.26 1.99 Canada May : 3.52 25.02 2.63 18.31 24.38 3.55 3.24 Jun : 3.42 25.02 2.63 18.31 24.38 3.55 3.14 Major importers 5/ : May : 33.40 223.81 88.81 225.23 302.35 7.41 36.26 June : 33.34 223.98 88.76 225.78 303.00 6.91 36.17 EU-27 6/ May : 15.86 149.45 9.16 109.05 148.17 6.70 19.59 Jun : 15.84 149.22 9.16 109.55 148.67 6.20 19.35 Japan May : 1.63 0.18 19.16 14.39 19.31 0.00 1.65 Jun : 1.63 0.18 19.16 14.39 19.31 0.00 1.65 Mexico May : 3.68 29.98 12.15 24.78 41.73 0.10 3.98 Jun : 3.68 29.98 12.15 24.78 41.73 0.10 3.98 N Afr/M.East 7/May : 6.88 24.90 22.07 40.53 48.00 0.05 5.81 Jun : 6.88 24.60 22.17 40.33 47.80 0.05 5.81 Saudi Arabia May : 1.55 0.33 8.70 8.73 8.96 0.00 1.61 Jun : 1.55 0.33 8.70 8.73 8.96 0.00 1.61 S.-east Asia 8/May : 1.85 18.47 3.93 16.07 22.05 0.56 1.64 Jun : 1.80 19.17 3.78 16.32 22.40 0.56 1.79 South Korea May : 1.34 0.34 9.07 7.25 9.43 0.00 1.32 Jun : 1.34 0.34 9.07 7.25 9.43 0.00 1.32 Selected other : Brazil May : 6.96 59.86 1.46 40.08 47.81 10.30 10.17 Jun : 8.96 59.86 0.76 40.08 47.81 11.30 10.47 China May : 31.39 158.50 1.43 107.43 159.52 0.65 31.14 Jun : 39.35 160.20 1.43 113.12 165.32 0.65 35.00 FSU-12 May : 4.98 61.49 0.54 36.85 52.72 8.86 5.43 Jun : 4.48 65.99 0.54 37.35 53.22 10.56 7.23 Russia May : 1.27 31.60 0.23 19.45 29.45 1.38 2.27 Jun : 1.27 33.60 0.23 19.65 29.65 1.58 3.87 Ukraine May : 2.55 19.67 0.05 10.20 13.42 6.60 2.25 Jun : 2.05 22.17 0.05 10.50 13.72 8.10 2.45 =============================================================================== 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-27, 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-459-22 World Corn Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : Domestic 2/ : :stocks :Beginning:Produc-: :===============: : : stocks : tion :Imports: Feed : Total :Exports: =============================================================================== : : 2006/07 : World 3/ : 125.11 713.13 90.65 477.34 728.08 93.06 110.16 United States : 49.97 267.60 0.30 142.19 230.79 53.97 33.11 Total foreign : 75.14 445.53 90.35 335.15 497.29 39.09 77.05 Major exporters 4/ : 3.46 29.80 1.16 8.90 15.10 15.76 3.57 Argentina : 1.16 22.50 0.01 4.80 6.70 15.31 1.66 South Africa : 2.31 7.30 1.15 4.10 8.40 0.45 1.91 Major importers 5/ : 18.50 100.13 54.56 110.36 154.16 1.33 17.70 Egypt : 0.65 6.15 4.83 8.60 10.70 0.00 0.92 EU-27 6/ : 9.95 54.72 7.06 48.70 62.30 0.66 8.76 Japan : 0.94 0.00 16.71 11.90 16.50 0.00 1.15 Mexico : 2.71 22.35 8.94 15.10 30.70 0.22 3.08 Southeast Asia 7/ : 2.10 16.81 4.00 14.95 20.70 0.44 1.76 South Korea : 1.38 0.07 8.74 6.91 8.83 0.00 1.35 Selected other : Brazil : 3.02 51.00 1.40 34.50 41.00 10.84 3.58 Canada : 2.00 8.99 2.10 8.46 11.44 0.31 1.34 China : 35.26 151.60 0.02 104.00 145.00 5.27 36.60 FSU-12 : 1.66 12.85 0.52 10.51 12.14 1.12 1.77 Ukraine : 0.92 6.40 0.02 4.50 5.25 1.03 1.07 : : 2007/08 (Estimated) : World 3/ : 110.16 789.81 94.82 499.57 778.88 98.56 121.09 United States : 33.11 332.09 0.38 156.22 266.97 62.23 36.39 Total foreign : 77.05 457.72 94.44 343.35 511.92 36.33 84.70 Major exporters 4/ : 3.57 33.00 0.20 9.10 15.40 17.10 4.27 Argentina : 1.66 21.50 0.00 4.80 6.70 15.00 1.46 South Africa : 1.91 11.50 0.20 4.30 8.70 2.10 2.81 Major importers 5/ : 17.70 95.90 60.05 112.35 155.80 0.96 16.90 Egypt : 0.92 6.17 4.20 8.30 10.40 0.00 0.89 EU-27 6/ : 8.76 48.39 13.00 49.00 61.80 0.35 8.01 Japan : 1.15 0.00 16.30 11.70 16.40 0.00 1.05 Mexico : 3.08 22.50 9.70 16.20 32.00 0.10 3.18 Southeast Asia 7/ : 1.76 18.69 3.55 15.75 21.70 0.51 1.79 South Korea : 1.35 0.08 8.80 7.00 8.90 0.00 1.34 Selected other : Brazil : 3.58 58.00 0.75 36.00 42.50 11.00 8.83 Canada : 1.34 11.65 2.50 9.80 13.30 0.60 1.59 China : 36.60 151.83 0.10 105.00 149.00 0.50 39.03 FSU-12 : 1.77 13.79 0.25 10.72 12.40 1.58 1.83 Ukraine : 1.07 7.40 0.02 5.00 5.70 1.50 1.29 =============================================================================== 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-27, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-459-23 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: =============================================================================== : : 2008/09 (Projected) World 3/ : May : 109.69 777.56 90.70 482.47 788.21 92.31 99.03 June : 121.09 775.26 89.85 485.61 793.06 91.87 103.29 United States : May : 35.12 307.99 0.38 134.63 270.78 53.34 19.37 June : 36.39 298.08 0.38 130.82 266.97 50.80 17.08 Total foreign : May : 74.57 469.57 90.32 347.85 517.44 38.97 79.66 June : 84.70 477.17 89.47 354.80 526.10 41.07 86.20 Major exporters 4/ : May : 4.27 35.00 0.20 9.50 15.90 18.70 4.87 June : 4.27 35.00 0.20 9.50 15.90 18.70 4.87 Argentina May : 1.46 23.50 0.00 5.00 6.90 16.20 1.86 Jun : 1.46 23.50 0.00 5.00 6.90 16.20 1.86 South Africa May : 2.81 11.50 0.20 4.50 9.00 2.50 3.01 Jun : 2.81 11.50 0.20 4.50 9.00 2.50 3.01 Major importers 5/ : May : 16.95 103.93 55.20 110.50 155.48 1.64 18.96 June : 16.90 104.63 55.05 110.75 155.82 1.64 19.11 Egypt May : 0.89 6.18 4.30 8.30 10.60 0.00 0.77 Jun : 0.89 6.18 4.30 8.30 10.60 0.00 0.77 EU-27 6/ May : 8.01 56.12 7.00 46.20 60.20 1.00 9.93 Jun : 8.01 56.12 7.00 46.20 60.20 1.00 9.93 Japan May : 1.05 0.00 16.10 11.50 16.10 0.00 1.05 Jun : 1.05 0.00 16.10 11.50 16.10 0.00 1.05 Mexico May : 3.18 23.00 10.50 17.00 33.00 0.10 3.58 Jun : 3.18 23.00 10.50 17.00 33.00 0.10 3.58 S.-east Asia 7/May : 1.84 18.40 3.90 16.00 21.98 0.54 1.63 Jun : 1.79 19.10 3.75 16.25 22.33 0.54 1.78 South Korea May : 1.34 0.08 9.00 7.20 9.10 0.00 1.32 Jun : 1.34 0.08 9.00 7.20 9.10 0.00 1.32 Selected other : Brazil May : 6.83 57.00 1.20 38.00 45.00 10.00 10.03 Jun : 8.83 57.00 0.50 38.00 45.00 11.00 10.33 Canada May : 1.69 10.00 2.50 8.60 12.60 0.30 1.29 Jun : 1.59 10.00 2.50 8.60 12.60 0.30 1.19 China May : 31.08 150.00 0.10 106.00 150.00 0.50 30.68 Jun : 39.03 153.00 0.10 112.00 157.00 0.50 34.63 FSU-12 May : 2.33 16.72 0.10 12.13 13.86 2.63 2.65 Jun : 1.83 20.22 0.10 12.63 14.36 3.73 4.05 Ukraine May : 1.79 8.00 0.03 5.20 5.90 2.50 1.41 Jun : 1.29 10.00 0.03 5.50 6.20 3.50 1.61 =============================================================================== 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-27, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam. WASDE-459-24 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 : =============================================================================== : : 2006/07 World 3/ : 75.68 420.14 27.42 420.13 30.82 75.69 United States : 1.37 6.24 0.65 4.05 2.94 1.27 Total foreign : 74.31 413.90 26.77 416.07 27.88 74.42 Major exporters 4/ : 15.73 139.72 0.46 118.22 21.92 15.76 India : 10.52 93.35 0.00 86.94 5.50 11.43 Pakistan : 0.30 5.20 0.00 2.64 2.40 0.46 Thailand : 3.59 18.25 0.01 9.87 9.50 2.48 Vietnam : 1.32 22.92 0.45 18.78 4.52 1.39 Major importers 5/ : 12.80 60.51 11.58 69.67 0.42 14.79 Brazil : 0.90 7.70 0.75 7.97 0.23 1.16 EU-27 6/ : 1.18 1.69 1.17 2.75 0.15 1.14 Indonesia : 3.21 35.30 2.00 35.90 0.00 4.61 Nigeria : 0.55 2.90 1.60 4.45 0.00 0.60 Philippines : 5.29 10.09 1.80 11.55 0.00 5.63 Sel. Mideast 7/ : 1.51 2.13 2.96 5.06 0.05 1.50 Selected other : Burma : 0.70 10.60 0.00 10.67 0.03 0.60 C. Amer & Carib 8/ : 0.19 0.06 0.37 0.48 0.00 0.14 China : 36.78 127.20 0.47 127.20 1.34 35.92 Egypt : 0.36 4.38 0.10 3.27 1.21 0.37 Japan : 2.40 7.79 0.68 8.25 0.20 2.41 Mexico : 0.16 0.18 0.59 0.79 0.00 0.15 South Korea : 0.82 4.68 0.24 4.89 0.16 0.69 : : 2007/08 (Estimated) World 3/ : 75.69 427.65 25.37 425.78 28.45 77.56 United States : 1.27 6.31 0.70 3.99 3.58 0.71 Total foreign : 74.42 421.34 24.67 421.79 24.87 76.86 Major exporters 4/ : 15.76 143.22 0.16 123.13 19.70 16.31 India : 11.43 95.68 0.00 91.61 2.50 13.00 Pakistan : 0.46 5.50 0.00 2.74 2.70 0.52 Thailand : 2.48 18.50 0.01 9.47 10.00 1.52 Vietnam : 1.39 23.54 0.15 19.32 4.50 1.27 Major importers 5/ : 14.79 62.02 10.22 71.57 0.42 15.03 Brazil : 1.16 8.13 0.70 8.43 0.25 1.31 EU-27 6/ : 1.14 1.68 1.10 2.75 0.15 1.02 Indonesia : 4.61 35.50 1.10 36.35 0.00 4.86 Nigeria : 0.60 3.00 1.60 4.70 0.00 0.50 Philippines : 5.63 10.60 2.00 12.40 0.00 5.83 Sel. Mideast 7/ : 1.50 2.38 2.76 5.20 0.02 1.42 Selected other : Burma : 0.60 10.73 0.03 10.33 0.43 0.60 C. Amer & Carib 8/ : 0.14 0.06 0.34 0.48 0.00 0.05 China : 35.92 129.84 0.30 127.34 1.00 37.72 Egypt : 0.37 4.39 0.02 3.39 0.80 0.59 Japan : 2.41 7.93 0.70 8.15 0.20 2.69 Mexico : 0.15 0.19 0.65 0.78 0.01 0.19 South Korea : 0.69 4.41 0.27 4.64 0.00 0.73 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 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-27. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. WASDE-459-25 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 : =============================================================================== : : 2008/09 (Projected) World 3/ : May : 78.51 432.04 25.55 427.97 27.01 82.58 June : 77.56 431.41 25.57 427.46 27.05 81.51 United States : May : 0.69 6.30 0.71 4.02 3.13 0.55 June : 0.71 6.30 0.73 4.02 3.17 0.55 Total foreign : May : 77.82 425.75 24.84 423.95 23.88 82.03 June : 76.86 425.11 24.84 423.44 23.88 80.96 Major exporters 4/ : May : 16.81 143.96 0.46 124.50 18.65 18.08 June : 16.31 143.96 0.46 124.25 18.65 17.83 India May : 13.00 96.00 0.00 93.00 2.00 14.00 Jun : 13.00 96.00 0.00 93.00 2.00 14.00 Pakistan May : 0.52 5.60 0.00 2.42 3.15 0.55 Jun : 0.52 5.60 0.00 2.42 3.15 0.55 Thailand May : 2.02 18.80 0.01 9.70 9.00 2.13 Jun : 1.52 18.80 0.01 9.45 9.00 1.88 Vietnam May : 1.27 23.56 0.45 19.38 4.50 1.40 Jun : 1.27 23.56 0.45 19.38 4.50 1.40 Major importers 5/ : May : 15.17 63.43 9.98 72.81 0.47 15.30 June : 15.03 63.57 9.98 73.01 0.47 15.11 Brazil May : 1.31 8.50 0.60 8.71 0.30 1.40 Jun : 1.31 8.50 0.60 8.71 0.30 1.40 EU-27 6/ May : 1.15 1.68 1.20 2.75 0.15 1.13 Jun : 1.02 1.62 1.20 2.75 0.15 0.94 Indonesia May : 4.86 36.25 0.80 36.85 0.00 5.06 Jun : 4.86 36.25 0.80 36.85 0.00 5.06 Nigeria May : 0.50 3.10 1.60 4.80 0.00 0.40 Jun : 0.50 3.10 1.60 4.80 0.00 0.40 Philippines May : 5.83 10.80 2.00 12.65 0.00 5.98 Jun : 5.83 11.00 2.00 12.85 0.00 5.98 Sel. Mideast 7/May : 1.42 2.37 2.82 5.30 0.02 1.28 Jun : 1.42 2.37 2.82 5.30 0.02 1.28 Selected other : Burma May : 0.60 10.00 0.00 10.00 0.00 0.60 Jun : 0.60 9.40 0.00 9.70 0.00 0.30 C. Am & Car. 8/May : 0.08 0.07 0.39 0.48 0.00 0.05 Jun : 0.05 0.06 0.39 0.48 0.00 0.02 China May : 37.72 130.90 0.33 128.00 1.10 39.85 Jun : 37.72 130.55 0.33 127.65 1.10 39.85 Egypt May : 0.59 4.39 0.02 3.35 1.00 0.65 Jun : 0.59 4.39 0.02 3.35 1.00 0.65 Japan May : 2.69 7.90 0.70 8.13 0.20 2.96 Jun : 2.69 7.90 0.70 8.13 0.20 2.96 Mexico May : 0.19 0.19 0.65 0.81 0.01 0.20 Jun : 0.19 0.19 0.65 0.81 0.01 0.20 South Korea May : 0.73 4.50 0.29 4.54 0.00 0.97 Jun : 0.73 4.50 0.29 4.54 0.00 0.97 =============================================================================== 1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 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-27. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries. WASDE-459-26 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2006/07 : World : 62.40 122.09 37.39 123.32 37.19 -1.74 63.11 United States : 6.07 21.59 0.02 4.94 13.01 0.25 9.48 Total foreign : 56.33 100.50 37.37 118.38 24.18 -1.99 53.63 Major exporters 4/ : 19.97 45.69 2.27 27.34 20.39 -0.19 20.39 Central Asia 5/ : 2.16 8.19 0.31 1.52 6.96 0.00 2.18 Afr. Fr. Zone 6/ : 1.48 3.64 3/ 0.19 3.81 0.00 1.13 S. Hemis. 7/ : 6.75 9.87 0.95 5.71 4.09 -0.20 7.97 Australia : 1.94 1.35 3/ 0.06 2.13 -0.07 1.18 Brazil : 3.82 7.00 0.52 4.50 1.30 -0.15 5.68 India : 8.06 21.80 0.47 18.10 4.57 0.00 7.66 Major importers 8/ : 34.14 51.73 32.40 86.44 2.42 -1.81 31.22 Mexico : 1.32 0.65 1.35 2.10 0.18 0.03 1.03 China : 22.54 35.50 10.59 50.00 0.09 -2.00 20.54 EU-27 9/ : 1.18 1.61 2.02 2.36 1.58 0.06 0.83 Russia : 0.22 3/ 1.40 1.40 0.00 0.00 0.22 Turkey : 1.67 3.90 4.00 7.30 0.21 0.00 2.06 Pakistan : 4.91 9.90 2.30 12.50 0.26 0.03 4.33 Indonesia : 0.37 0.03 2.20 2.18 0.02 0.05 0.35 Thailand : 0.41 0.03 1.91 1.95 0.00 0.03 0.37 Bangladesh : 0.46 0.06 2.48 2.48 0.00 0.01 0.51 : : 2007/08 (Estimated) : World : 63.11 120.04 38.80 124.40 38.22 -2.50 61.82 United States : 9.48 19.21 0.02 4.60 13.90 0.00 10.20 Total foreign : 53.63 100.83 38.79 119.80 24.32 -2.50 51.62 Major exporters 4/ : 20.39 47.73 1.78 27.90 20.94 -0.19 21.26 Central Asia 5/ : 2.18 8.35 0.30 1.64 6.93 0.00 2.27 Afr. Fr. Zone 6/ : 1.13 2.42 3/ 0.19 2.53 0.00 0.83 S. Hemis. 7/ : 7.97 9.15 0.54 5.75 4.03 -0.20 8.08 Australia : 1.18 0.60 3/ 0.05 1.20 -0.07 0.60 Brazil : 5.68 7.15 0.17 4.50 2.30 -0.15 6.35 India : 7.66 25.30 0.39 18.50 6.30 0.00 8.55 Major importers 8/ : 31.22 50.18 34.40 87.38 2.27 -2.31 28.47 Mexico : 1.03 0.62 1.50 2.00 0.18 0.03 0.95 China : 20.54 35.80 12.00 52.50 0.08 -2.50 18.26 EU-27 9/ : 0.83 1.51 1.70 1.97 1.36 0.05 0.66 Russia : 0.22 3/ 1.28 1.30 0.00 0.00 0.20 Turkey : 2.06 3.20 3.20 6.30 0.23 0.00 1.93 Pakistan : 4.33 8.90 3.80 12.50 0.28 0.03 4.23 Indonesia : 0.35 0.03 2.30 2.23 0.02 0.05 0.39 Thailand : 0.37 0.03 1.95 1.95 0.00 0.03 0.37 Bangladesh : 0.51 0.04 2.75 2.75 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, 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-459-27 World Cotton Supply and Use 1/ (Million 480-pound bales) =============================================================================== : Supply : Use : : Region :=========================:================: Loss :Ending :Beginning:Produc-:Imports:Domestic:Exports: 2/ :stocks : stocks : tion : : : : : =============================================================================== : : 2008/09 (Projected) World : May : 61.55 118.00 41.00 127.00 41.00 -3.00 55.55 June : 61.82 116.43 40.89 127.16 40.87 -2.98 54.09 United States : May : 9.90 14.50 0.02 4.30 14.50 0.02 5.60 June : 10.20 14.50 0.02 4.30 15.00 0.02 5.40 Total foreign : May : 51.65 103.50 40.99 122.70 26.50 -3.01 49.95 June : 51.62 101.93 40.88 122.86 25.87 -3.00 48.69 Major exporters 4/ : June : 21.26 49.12 1.75 28.40 22.69 -0.19 21.22 Central Asia 5/Jun : 2.27 7.74 0.30 1.65 6.61 0.00 2.05 Afr. Fr. Zn. 6/Jun : 0.83 3.39 3/ 0.19 3.08 0.00 0.95 S. Hemis 7/ Jun : 8.08 9.39 0.55 5.84 4.28 -0.20 8.10 Australia Jun : 0.60 1.50 3/ 0.05 1.20 -0.07 0.93 Brazil Jun : 6.35 6.40 0.20 4.60 2.50 -0.15 6.00 India Jun : 8.55 26.50 0.40 19.00 7.50 0.00 8.95 Major importers 8/ : June : 28.47 49.61 36.51 89.94 1.95 -2.81 25.52 Mexico Jun : 0.95 0.68 1.35 1.95 0.18 0.03 0.83 China May : 17.76 35.50 15.00 55.50 0.08 -3.00 15.69 Jun : 18.26 35.50 14.50 55.00 0.08 -3.00 16.19 EU-27 9/ Jun : 0.66 1.26 1.59 1.79 1.10 0.05 0.57 Russia Jun : 0.20 3/ 1.20 1.20 0.00 0.00 0.20 Turkey Jun : 1.93 2.60 3.50 6.20 0.23 0.00 1.61 Pakistan Jun : 4.23 9.40 3.40 12.75 0.25 0.03 4.00 Indonesia Jun : 0.39 0.03 2.30 2.30 0.02 0.05 0.35 Thailand Jun : 0.37 0.03 1.95 2.00 0.00 0.03 0.32 Bangladesh Jun : 0.53 0.06 2.95 2.95 0.00 0.01 0.58 =============================================================================== 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-459-28 World Soybean Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:=======================:Ending Region : : : : : :stocks :Beginning:Produc-: : Domestic : : : stocks : tion :Imports: Crush : Total :Exports: =============================================================================== : : 2006/07 World 2/ : 53.25 236.56 69.08 196.01 225.23 71.23 62.44 United States : 12.23 86.77 0.25 49.16 53.20 30.43 15.62 Total foreign : 41.02 149.79 68.83 146.85 172.03 40.80 46.82 Major exporters 3/ : 33.56 114.00 2.05 66.75 71.31 37.22 41.08 Argentina : 16.47 48.80 1.99 33.59 35.09 9.54 22.63 Brazil : 16.73 59.00 0.05 31.11 34.02 23.49 18.28 Major importers 4/ : 5.83 17.76 55.50 58.92 74.31 0.52 4.26 China : 4.57 15.20 28.73 35.48 45.40 0.45 2.66 EU-27 : 0.74 1.23 15.29 14.67 16.09 0.05 1.12 Japan : 0.26 0.23 4.09 2.93 4.31 0.00 0.27 Mexico : 0.04 0.08 3.94 3.99 4.02 0.00 0.04 : : 2007/08 (Estimated) World 2/ : 62.44 218.80 75.30 205.13 233.52 73.75 49.26 United States : 15.62 70.36 0.27 50.08 52.64 30.21 3.40 Total foreign : 46.82 148.44 75.03 155.05 180.88 43.54 45.86 Major exporters 3/ : 41.08 114.80 2.60 71.68 76.53 40.27 41.68 Argentina : 22.63 47.00 2.40 36.85 38.39 11.50 22.14 Brazil : 18.28 61.00 0.18 32.50 35.68 24.41 19.37 Major importers 4/ : 4.26 15.52 60.68 61.30 76.85 0.42 3.19 China : 2.66 13.50 34.00 38.05 48.05 0.35 1.76 EU-27 : 1.12 0.72 15.15 14.70 16.04 0.05 0.91 Japan : 0.27 0.23 4.10 2.88 4.28 0.00 0.32 Mexico : 0.04 0.08 3.85 3.90 3.94 0.00 0.03 : : 2008/09 (Projected) World 2/ : June : 49.26 240.67 76.22 208.36 239.44 76.29 50.41 United States : June : 3.40 84.50 0.22 50.08 54.77 28.58 4.78 Total foreign : June : 45.86 156.17 76.00 158.28 184.67 47.72 45.63 Major exporters 3/ : June : 41.68 119.20 2.72 72.98 77.99 44.28 41.33 Argentina Jun : 22.14 48.00 2.50 38.00 39.54 11.15 21.95 Brazil Jun : 19.37 64.00 0.20 32.50 35.83 28.55 19.20 Major importers 4/ : June : 3.19 18.07 61.14 62.77 78.73 0.44 3.23 China Jun : 1.76 16.00 35.50 40.80 51.05 0.38 1.83 EU-27 Jun : 0.91 0.77 14.20 13.55 14.97 0.05 0.87 Japan Jun : 0.32 0.23 4.10 2.92 4.34 0.00 0.31 Mexico Jun : 0.03 0.10 3.64 3.71 3.74 0.00 0.03 =============================================================================== 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-459-29 World Soybean Meal Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2006/07 World 2/ : 5.86 154.17 51.70 151.64 54.10 5.99 United States : 0.29 39.03 0.14 31.17 7.97 0.32 Total foreign : 5.58 115.13 51.55 120.47 46.13 5.67 Major exporters 3/ : 3.46 55.43 0.17 13.65 41.80 3.61 Argentina : 1.67 26.06 0.00 0.59 25.63 1.52 Brazil : 1.47 24.10 0.17 11.11 12.72 1.91 India : 0.31 5.27 0.00 1.95 3.46 0.18 Major importers 4/ : 1.10 40.96 28.46 67.95 1.45 1.13 EU-27 : 0.87 11.55 22.08 33.09 0.55 0.85 China : 0.00 28.09 0.03 27.26 0.87 0.00 : : 2007/08 (Estimated) World 2/ : 5.99 161.37 56.01 159.55 57.97 5.85 United States : 0.32 39.72 0.15 31.57 8.35 0.27 Total foreign : 5.67 121.65 55.86 127.98 49.62 5.58 Major exporters 3/ : 3.61 60.13 0.13 14.40 45.86 3.60 Argentina : 1.52 28.64 0.00 0.63 28.06 1.46 Brazil : 1.91 25.18 0.13 11.67 13.60 1.94 India : 0.18 6.32 0.00 2.10 4.20 0.19 Major importers 4/ : 1.13 42.96 31.35 73.18 1.14 1.11 EU-27 : 0.85 11.58 24.40 35.52 0.45 0.86 China : 0.00 30.17 0.30 29.82 0.65 0.00 : : 2008/09 (Projected) World 2/ : June : 5.85 163.92 56.27 162.16 58.40 5.48 United States : June : 0.27 39.72 0.15 31.80 8.07 0.27 Total foreign : June : 5.58 124.20 56.12 130.36 50.33 5.21 Major exporters 3/ : June : 3.60 60.68 0.13 15.17 45.97 3.26 Argentina Jun : 1.46 29.55 0.00 0.66 28.90 1.46 Brazil Jun : 1.94 25.18 0.13 12.30 13.33 1.62 India Jun : 0.19 5.96 0.00 2.21 3.75 0.18 Major importers 4/ : June : 1.11 44.22 30.79 73.83 1.24 1.06 EU-27 Jun : 0.86 10.67 23.50 33.72 0.45 0.86 China Jun : 0.00 32.30 0.30 31.85 0.75 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-459-30 World Soybean Oil Supply and Use 1/ (Million Metric Tons) =============================================================================== : Supply : Use : :=========================:===================: Ending Region : : : : : : stocks :Beginning:Produc-: : Total : : : stocks : tion :Imports: Domestic: Exports : =============================================================================== : : 2006/07 World 2/ : 3.26 36.39 9.70 35.59 10.68 3.08 United States : 1.37 9.29 0.02 8.42 0.86 1.40 Total foreign : 1.90 27.10 9.68 27.18 9.83 1.68 Major exporters 3/ : 1.00 15.01 0.97 7.42 8.68 0.89 Argentina : 0.49 6.42 0.00 0.57 5.97 0.38 Brazil : 0.31 5.95 0.00 3.49 2.46 0.32 EU-27 : 0.19 2.64 0.97 3.36 0.24 0.20 Major importers 4/ : 0.43 7.53 3.84 11.24 0.10 0.46 China : 0.20 6.34 2.40 8.60 0.09 0.25 India : 0.23 1.18 1.40 2.60 0.01 0.21 Pakistan : 0.00 0.01 0.04 0.04 0.00 0.00 : : 2007/08 (Estimated) World 2/ : 3.08 38.30 10.66 38.08 11.22 2.74 United States : 1.40 9.64 0.02 8.35 1.41 1.31 Total foreign : 1.68 28.66 10.64 29.73 9.82 1.43 Major exporters 3/ : 0.89 15.95 1.07 8.25 8.80 0.85 Argentina : 0.38 7.08 0.00 1.01 6.10 0.34 Brazil : 0.32 6.23 0.07 3.85 2.45 0.31 EU-27 : 0.20 2.65 1.00 3.39 0.25 0.20 Major importers 4/ : 0.46 8.22 4.05 12.37 0.06 0.30 China : 0.25 6.80 3.00 9.79 0.05 0.21 India : 0.21 1.42 1.00 2.53 0.01 0.09 Pakistan : 0.00 0.01 0.05 0.06 0.00 0.00 : : 2008/09 (Projected) World 2/ : June : 2.74 38.79 10.80 38.81 10.88 2.63 United States : June : 1.31 9.51 0.02 8.44 1.20 1.21 Total foreign : June : 1.43 29.27 10.78 30.38 9.68 1.42 Major exporters 3/ : June : 0.85 15.94 1.02 8.47 8.55 0.80 Argentina Jun : 0.34 7.28 0.00 1.14 6.15 0.33 Brazil Jun : 0.31 6.23 0.07 4.10 2.20 0.31 EU-27 Jun : 0.20 2.44 0.95 3.23 0.20 0.16 Major importers 4/ : June : 0.30 8.64 4.05 12.59 0.06 0.35 China Jun : 0.21 7.30 3.10 10.30 0.05 0.26 India Jun : 0.09 1.34 0.90 2.23 0.01 0.08 Pakistan Jun : 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-459-31 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 2007 : II : 6649 5128 11856 9085 1482 10696 22552 1874 47.4 III : 6802 5256 12130 9131 1488 10747 22876 1883 46.1 IV : 6733 6163 12976 9285 1575 10986 23962 1921 46.0 Annual : 26421 21943 48683 36126 5958 42582 91265 7547 185.6 : 2008 : I : 6371 6023 12474 9108 1541 10784 23258 1870 47.5 II* : 7040 5610 12731 9375 1550 11065 23796 1865 48.6 III* : 6965 5640 12683 9200 1530 10860 23543 1890 46.7 IV* : 6450 6110 12642 9175 1560 10865 23507 1925 46.5 Annual : May Proj : 26714 23483 50518 36858 6180 43568 94086 7560 189.8 Jun Proj : 26826 23383 50530 36858 6181 43574 94104 7550 189.3 : 2009 : I* : 6255 5700 12034 9000 1505 10635 22669 1865 47.5 Annual : May Proj : 26385 22930 49632 37150 6140 43815 93447 7560 190.4 Jun Proj : 26385 22695 49397 36975 6140 43640 93037 7560 190.3 =============================================================================== * 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 1/ =============================================================================== Year : Choice : Barrows : : : : : and : steers :and gilts : Broilers : Turkeys : Eggs : Milk : quarter : 2/ : 3/ : 4/ : 5/ : 6/ : 7/ : =============================================================================== : Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt 2007 : II : 93.45 52.55 80.3 77.9 92.0 18.27 III : 91.36 50.33 79.2 89.9 119.1 21.67 IV : 91.85 39.43 71.1 90.8 141.0 21.60 Annual : 91.82 47.09 76.4 82.1 114.4 19.13 : 2008 : I : 89.59 39.64 78.1 77.4 158.8 19.23 II* : 91-92 52-53 81-82 89-90 111-114 18.45-18.65 III* : 89-93 49-51 81-85 93-97 105-111 19.00-19.50 IV* : 88-96 43-47 81-87 93-101 108-116 18.95-19.75 Annual : May Proj : 89-93 43-45 79-82 86-90 120-125 17.95-18.45 Jun Proj : 89-93 46-48 80-83 88-91 121-125 18.90-19.30 : 2009 : I* : 88-96 45-49 81-87 77-83 100-108 18.15-19.15 Annual : May Proj : 88-95 46-50 80-86 82-89 90-98 17.90-18.90 Jun Proj : 89-97 47-51 82-89 82-89 95-103 18.15-19.15 =============================================================================== *Projection. 1/ Simple average of months. 2/ Nebraska, Direct, 1100-1300 lbs. 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale, 12-city average. 5/ 8-12 lbs, hens Eastern Region. 6/ Grade A large, New York, volume buyers. 7/ Prices received by farmers for all milk. WASDE-459-32 U.S. Meats Supply and Use ============================================================================ : Supply : Use :--------------------------------------------------------- : : : : : : : Disappearance : : 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 : 2007 : 630 26523 3052 30205 1431 630 28144 65.2 2008 Proj. May : 630 26816 2815 30261 1645 600 28016 64.3 Jun : 630 26928 2772 30330 1650 600 28080 64.5 2009 Proj. May : 600 26487 3010 30097 1870 600 27627 62.8 Jun : 600 26487 2955 30042 1870 600 27572 62.7 : PORK : 2007 : 514 21962 968 23444 3138 536 19769 50.8 2008 Proj. May : 542 23502 925 24969 4310 650 20009 50.9 Jun : 536 23402 907 24845 4266 650 19929 50.7 2009 Proj. May : 650 22949 905 24504 3985 610 19909 50.2 Jun : 650 22714 885 24249 3985 610 19654 49.6 : TOTAL RED MEAT 5/ : 2007 : 1166 48817 4223 54206 4579 1186 48441 117.5 2008 Proj. May : 1192 50652 3940 55784 5964 1272 48548 116.7 Jun : 1186 50664 3872 55722 5925 1270 48527 116.7 2009 Proj. May : 1272 49766 4118 55156 5867 1232 48057 114.5 Jun : 1270 49531 4032 54833 5867 1230 47736 113.7 : BROILERS : 2007 : 732 35739 61 36532 5772 719 30041 85.4 2008 Proj. May : 719 36464 60 37242 6000 675 30567 86.1 Jun : 719 36464 61 37243 6157 660 30426 85.7 2009 Proj. May : 675 36752 60 37487 6100 735 30652 85.6 Jun : 660 36579 60 37299 6200 680 30419 84.9 : TURKEYS : 2007 : 218 5880 9 6107 554 261 5292 17.5 2008 Proj. May : 261 6099 12 6372 605 275 5492 18.0 Jun : 261 6100 12 6373 618 275 5480 18.0 2009 Proj. May : 275 6060 12 6347 635 285 5427 17.6 Jun : 275 6060 12 6347 635 285 5427 17.6 : TOTAL POULTRY 6/ : 2007 : 956 42117 74 43146 6490 982 35674 104.1 2008 Proj. May : 982 43092 75 44148 6755 952 36441 105.4 Jun : 982 43098 76 44155 6936 937 36282 104.9 2009 Proj. May : 952 43336 75 44363 6885 1022 36456 104.4 Jun : 937 43163 75 44175 6985 967 36223 103.8 : RED MEAT & POULTRY: 2007 : 2122 90934 4297 97353 11069 2168 84116 221.6 2008 Proj. May : 2174 93744 4015 99932 12719 2224 84989 222.1 Jun : 2168 93762 3948 99877 12861 2207 84809 221.6 2009 Proj. May : 2224 93102 4193 99519 12752 2254 84513 219.0 Jun : 2207 92694 4107 99008 12852 2197 83959 217.5 ============================================================================ 1/ Total including farm production for red meats and, for poultry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis. 3/ Population source: Dept. of Commerce, Census Bureau. 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-459-33 U.S. Egg Supply and Use =============================================================================== : : : 2008 Projected : 2009 Projected : : :-----------------:------------------ Commodity : 2006 : 2007 : May : Jun : May : Jun =============================================================================== EGGS : Million dozen Supply : Beginning stocks : 16.0 12.5 11.1 11.1 12.0 12.0 Production : 7610.0 7547.0 7560.0 7550.0 7560.0 7560.0 Imports : 8.6 13.7 14.0 14.5 14.0 14.0 Total supply : 7634.6 7573.2 7585.1 7575.6 7586.0 7586.0 : Use : Exports : 202.1 251.0 230.0 215.6 239.0 239.0 Hatching use : 992.2 1014.5 1020.3 1010.3 1018.0 1018.0 Ending stocks : 12.5 11.1 12.0 12.0 12.0 12.0 Disappearance : Total : 6427.8 6296.6 6322.8 6337.7 6317.0 6317.0 Per capita (number) : 257.8 250.1 248.8 249.4 246.3 246.3 =============================================================================== U.S. Milk Supply and Use =============================================================================== : : : 2008 Projected : 2009 Projected Commodity : : :-----------------:------------------ : 2006 : 2007 : May : Jun : May : Jun =============================================================================== : Billion pounds Milk : Production : 181.8 185.6 189.8 189.3 190.4 190.3 Farm use : 1.2 1.2 1.2 1.2 1.2 1.2 : Fat Basis Supply : Beg. commercial stocks : 8.0 9.5 10.4 10.4 10.5 10.3 Marketings : 180.6 184.4 188.6 188.1 189.2 189.2 Imports : 5.0 4.6 4.6 4.4 4.7 4.5 Total cml. supply : 193.6 198.6 203.6 202.9 204.4 204.0 : Fat Basis Use : Commercial Exports : 3.4 5.7 6.7 7.8 6.0 6.0 Ending commercial stks : 9.5 10.4 10.5 10.3 9.4 9.4 CCC net removals 1/ : 0.0 0.0 0.0 0.0 0.0 0.0 Commercial use 2/ : 180.7 182.5 186.4 184.7 189.0 188.6 : Skim-solids Basis Supply : Beg. commercial stocks : 9.0 9.1 9.9 9.9 10.0 9.9 Marketings : 180.6 184.4 188.6 188.1 189.2 189.2 Imports : 4.8 4.4 4.4 4.2 4.5 4.3 Total cml. supply : 194.4 197.9 202.9 202.3 203.7 203.3 : Skim-solids Basis Use : Commercial Exports : 23.6 28.2 24.7 25.3 23.6 23.6 Ending commercial stks : 9.1 9.9 10.0 9.9 9.7 9.5 CCC net removals 1/ : 0.7 0.0 0.0 0.0 0.0 0.0 Commercial use 2/ : 160.9 159.8 168.2 167.1 170.4 170.2 : : Million pounds CCC product net removals 1: Butter : 0 0 0 0 0 0 Cheese : 0 0 0 0 0 0 Nonfat dry milk : 64 0 0 0 NA 0 Dry whole milk : 0 0 0 0 NA 0 =============================================================================== Note: Totals may not add due to rounding. 1/ Includes products exported under the Dairy Export Incentive Program. 2/ Domestic commercial use only. WASDE-459-34 U.S. Dairy Prices ============================================================================== : : : 2008 Projected : 2009 Projected : : :-----------------:-------------------- Commodity : 2006 : 2007 : May : Jun : May : Jun ============================================================================== : Dollars per pound : Product Prices 1/ : Cheese : 1.2470 1.7380 1.820- 1.940- 1.790- 1.805- : 1.870 1.980 1.890 1.905 : Butter : 1.2193 1.3441 1.335- 1.345- 1.355- 1.350- : 1.415 1.415 1.485 1.480 : Nonfat dry milk : 0.8928 1.7083 1.360- 1.360- 1.470- 1.475- : 1.400 1.400 1.540 1.545 : Dry whey : 0.3285 0.6004 0.275- 0.285- 0.295- 0.320- : 0.305 0.305 0.325 0.350 : : Dollars per cwt Milk Prices 2/ : Class III : 11.89 18.04 17.00- 18.15- 16.80- 17.10- : 17.50 18.55 17.80 18.10 : Class IV : 11.06 18.36 15.45- 15.55- 16.50- 16.55- : 16.05 16.05 17.60 17.65 : All milk 3/ : 12.88 19.13 17.95- 18.90- 17.90- 18.15- : 18.45 19.30 18.90 19.15 : ============================================================================== 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-459-35 Note: Tables on pages 35-37 present a 27-year record of the differences between the June projection and the final estimate. Using world wheat production as an example, changes between the June projection and the final estimate have averaged 15.0 million tons (2.7%) ranging from -32.2 to 29.6 million tons. The June projection has been below the estimate 15 times and above 12 times. Reliability of June Projections =============================================================================== :Differences between proj. & final estimate,1981/82-2007/08 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== WHEAT :Percent Million metric tons Number of years 2/ Production : World : 2.7 15.0 -32.2 29.6 15 12 U.S. : 4.5 2.7 -7.4 8.4 14 13 Foreign : 2.9 13.8 -28.8 28.2 14 13 Exports : World : 4.1 4.7 -16.6 12.3 17 9 U.S. : 8.7 2.9 -10.0 7.8 17 10 Foreign : 4.8 4.0 -11.6 6.5 18 9 Domestic use : World : 1.7 9.1 -27.5 19.6 18 9 U.S. : 6.0 1.9 -6.4 3.9 16 11 Foreign : 1.7 8.5 -24.2 18.1 18 9 Ending stocks : World : 9.4 12.1 -26.7 29.7 16 11 U.S. : 17.3 3.4 -9.6 14.9 14 13 Foreign : 9.7 10.0 -21.9 14.9 16 11 : COARSE GRAINS 3/ : Production : World : 2.8 23.4 -77.0 76.0 14 13 U.S. : 9.0 19.0 -35.9 70.3 13 14 Foreign : 2.2 13.5 -41.6 39.5 11 16 Exports : World : 6.3 6.7 -19.9 16.5 18 9 U.S. : 15.3 8.2 -22.8 15.3 11 16 Foreign : 12.4 6.4 -19.1 14.2 16 11 Domestic use : World : 1.5 13.0 -22.4 33.2 12 15 U.S. : 4.0 7.4 -16.6 33.0 17 10 Foreign : 1.5 9.7 -13.7 33.5 13 14 Ending stocks : World : 15.3 20.6 -69.9 48.0 17 10 U.S. : 34.3 16.9 -57.6 43.9 13 14 Foreign : 13.7 10.9 -30.5 14.0 19 8 : RICE, milled : Production : World : 2.1 7.2 -21.8 15.2 19 8 U.S. : 5.7 0.3 -1.1 0.5 16 11 Foreign : 2.1 7.2 -21.9 15.3 18 9 Exports : World : 8.4 1.7 -7.5 2.8 19 8 U.S. : 8.6 0.3 -1.0 0.7 14 10 Foreign : 9.3 1.7 -7.1 3.3 19 8 Domestic use : World : 1.6 5.4 -20.3 5.8 19 8 U.S. : 7.0 0.2 -0.5 0.5 11 15 Foreign : 1.6 5.4 -20.8 5.6 20 7 Ending stocks : World : 12.3 6.0 -15.7 8.2 18 9 U.S. : 27.7 0.3 -0.9 0.9 14 11 Foreign : 12.9 6.0 -15.3 8.3 19 8 =============================================================================== 1/ Footnotes at end of table. CONTINUED WASDE-459-36 Reliability of June Projections (Continued) =============================================================================== :Differences between proj. & final estimate,1981/82-2007/08 1/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== SOYBEANS 4/ :Percent Million metric tons Number of years 2/ Production : World : NA NA NA NA NA NA U.S. : 5.2 4.2 -4.8 4.4 3 1 Foreign : NA NA NA NA NA NA Exports : World : NA NA NA NA NA NA U.S. : 6.2 1.7 -0.9 5.1 2 2 Foreign : NA NA NA NA NA NA Domestic use : World : NA NA NA NA NA NA U.S. : 2.2 1.2 -2.7 0.7 3 1 Foreign : NA NA NA NA NA NA Ending stocks : World : NA NA NA NA NA NA U.S. : 52.2 3.7 -5.3 4.8 2 2 Foreign : NA NA NA NA NA NA : COTTON : Million 480-pound bales Production : World : 4.6 4.2 -16.4 11.4 17 9 U.S. : 9.2 1.5 -5.6 3.1 14 13 Foreign : 4.5 3.3 -12.4 10.5 16 11 Exports : World : 6.4 1.8 -6.5 5.8 13 14 U.S. : 19.7 1.3 -3.0 3.6 17 10 Foreign : 6.2 1.2 -3.5 2.3 13 14 Mill use : World : 2.7 2.4 -8.1 4.5 12 15 U.S. : 8.0 0.6 -1.4 1.3 15 11 Foreign : 2.8 2.3 -7.6 4.3 15 12 Ending stocks : World : 15.6 6.0 -14.3 15.2 19 8 U.S. : 33.8 1.6 -4.6 3.5 14 13 Foreign : 14.6 4.9 -13.4 12.5 20 7 =============================================================================== 1/ Final estimate for 1981/82-2006/07 is defined as the first November estimate following the marketing year, and for 2007/08 last month's estimate. 2/ May not total 27 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 June 2004. Therefore, an insufficient number of observations are available to provide meaningful reliabiltiy statistics for global soybean supply and use. WASDE-459-37 Reliability of United States June Projections 1/ =============================================================================== :Differences between proj. & final estimate,1981/82-2007/08 2/ Commodity and :============================================================= region : Avg. : Avg. : Difference : Below final : Above final =============================================================================== CORN :Percent Million bushels Number of years 3/ Production : 10.8 766 -3327 2379 14 13 Exports : 16.5 303 -850 588 12 15 Domestic use : 7.2 496 -5888 1095 18 9 Ending stocks : 40.5 602 -2091 1460 13 14 : SORGHUM : Production : 16.4 97 -228 171 11 15 Exports : 19.3 44 -125 97 12 15 Domestic use : 15.2 56 -139 100 12 15 Ending stocks : 45.9 59 -189 191 10 17 : BARLEY : Production : 9.6 33 -73 206 9 18 Exports : 33.4 18 -92 53 15 10 Domestic use : 10.3 35 -72 95 14 12 Ending stocks : 17.7 26 -59 79 10 17 : OATS : Production : 17.0 39 -77 231 6 21 Exports : 70.1 2 -5 8 8 10 Domestic use : 7.6 25 -39 160 10 17 Ending stocks : 17.4 18 -59 77 6 19 : : Thousand short tons SOYBEAN MEAL : Production : 4.5 1388 -3721 4432 18 9 Exports : 16.7 1067 -2650 1964 16 11 Domestic use : 3.5 813 -1800 2259 15 12 Ending stocks : 29.3 70 -204 488 12 13 : : Million pounds SOYBEAN OIL : Production : 4.7 690 -1923 1553 18 9 Exports : 26.7 453 -1700 914 14 13 Domestic use : 3.0 404 -985 1150 17 9 Ending stocks : 33.2 519 -1432 1288 14 12 ------------------------------------------------------------------------------- : ANIMAL PROD. 4/ : Million pounds Beef : 1.5 383 -569 819 18 8 Pork : 1.7 289 -579 676 17 9 Broilers : 1.0 249 -687 596 15 10 Turkeys : 1.4 61 -210 133 16 10 : : Million dozen Eggs : 0.8 49 -83 125 19 7 : : Billion pounds Milk : 0.7 1.1 -3.6 3.9 14 12 =============================================================================== 1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. 2/ Final estimate for 1981/82-2006/07 is defined as the first November estimate following the marketing year, and for 2007/08 last month's estimate. 3/ May not total 27 for crops and 26 for animal production if projection was the same as the final estimate. 4/ Calendar years 1982 thru 2007 for meats, eggs, and milk. Final for animal products is defined as latest annual production estimate published by NASS. ----------- End of File ----------------