ISSN:1554-9089 WASDE-464 November 10, 2008 Note: Revised October global projections for coarse grains and oilseeds shown in this report for October were not published in the abbreviated October 28, 2008, World Agricultural Supply and Demand Estimates (WASDE) report. October projections in today's report reflect the U.S. area and production forecasts for corn, sorghum, soybeans, sunflowerseed, and canola issued by the National Agricultural Statistics Service (NASS) in the corrected Crop Production report released on October 28, 2008. Month-to-month comparisons in today's report are based on the revised data. WHEAT: U.S. wheat supply and use projections are mostly unchanged this month with only a minor adjustment to seed use and shifts among classes on imports and exports. Seed use is lowered 2 million bushels reflecting early indications that 2009 winter wheat seedings will be lower than previously expected. The lateness of this year's fall row crop harvest has limited planting opportunities for both soft red and hard red winter wheat. By-class changes to wheat imports and exports are made to reflect the pace of shipments to date. The all wheat season-average farm price is projected at $6.55 to $7.15 per bushel, down on both ends of the range from last month's $6.60 to $7.40 per bushel. Price prospects for the remainder of the marketing year are dampened by rising world supplies and continued declines in futures and cash prices. Global 2008/09 wheat production is projected at a record 682.4 million tons, up 2.2 million from last month. Increases for EU- 27 and Russia more than offset reductions for Argentina, Australia, and China. EU-27 production is raised 3.4 million tons. Production is raised 2.0 million tons for Russia as harvest results confirm higher yields. Argentina production is lowered 1.0 million tons as persistent early season dryness limited crop development and reduced yield potential more than previously expected. Australia production is reduced 1.5 million tons as dryness continued through October in the southern growing areas reducing expected yields and harvested area. Partly offsetting were timely October rains in Western Australia that supported crop heading and grain fill. Production is lowered 1.0 million tons for China as 2008/09 area and yield adjustments are made in line with revisions to 2006/07 and 2007/08. Recently released estimates by China's National Bureau of Statistics raised 2006/07 and 2007/08 area and lowered 2007/08 production, reducing yields in both years. Afghanistan production estimates for 2006/07 and 2007/08 are also revised lower this month. World wheat imports and exports for 2008/09 are both raised this month. Imports are raised 0.5 million tons for Pakistan and increased 0.7 million tons for neighboring Afghanistan. Pakistan exports are raised 1.4 million tons reflecting higher expected border trade in wheat flour especially with Afghanistan as that country struggles to meet its food needs with this year's drought-reduced crop. Exports are increased 1.0 million tons for EU-27 with higher production and larger supplies. Partly offsetting are export reductions of 1.2 million tons for Argentina and 0.5 million tons for Australia on lower production and reduced supplies in both countries. World wheat consumption is raised 0.9 million tons for 2008/09 reflecting higher expected consumption for Afghanistan and Russia. Record production in Russia is expected to strain storage and handling capacity, boosting product and quality losses and adding to domestic disappearance. Global ending stocks for 2008/09 are raised 0.8 million tons this month with increases for EU-27 and Russia mostly offset by reductions for Australia, China, and Pakistan. COARSE GRAINS: U.S. feed grain supplies for 2008/09 are projected lower as compared with last month's revised forecasts. The November Crop Production report lowers forecast U.S. corn production 13 million bushels. Corn exports are lowered 50 million bushels reflecting slower export sales and shipments and increased foreign competition. Ending stocks are raised 36 million bushels. The season-average farm price is projected at $4.00 to $4.80 per bushel, down on each end of the range from the previous $4.25 to $5.25 per bushel. Declines in futures and cash prices continue to undermine prospects for the 2008/09 season-average price received by producers. Rising world coarse grain supplies and reduced prospects for global feeding are also expected to pressure U.S. feed grain prices. Corn supply and use estimates for 2007/08 are revised this month. Imports are raised 2 million bushels and exports are raised 1 million bushels based on August trade data from the U.S. Bureau of Census. Ethanol corn use is raised 26 million bushels on higher-than-expected August ethanol production reported by the Energy Information Administration. Feed and residual use is lowered 25 million bushels. U.S. sorghum production for 2008/09 is forecast 7 million bushels lower this month. Feed and residual use is lowered 5 million bushels with the reduction in supplies. Ending stocks are projected 2 million bushels lower than in the previous forecast. The season-average farm price is projected at $3.40 to $4.20 per bushel, down from $3.70 to $4.70 per bushel. Price projections are also lowered for barley and oats, but by lesser amounts. Global coarse grain supplies are projected 5.6 million tons higher this month with beginning stocks raised 4.1 million tons and production raised 1.5 million tons. Much of the increase in beginning stocks reflects reduced 2007/08 corn feed use and exports for Brazil. Most of the increase in production is from higher 2008/09 coarse grain production in EU-27 and FSU-12. Global corn production is raised 0.3 million tons with increases for EU-27, Russia, and Ukraine more than offsetting reductions for Argentina and the United States. EU-27 coarse grain production is raised 2.5 million tons with increases for barley, mixed grains, rye, corn, and oats. Russia corn and barley production are raised 0.7 million tons and 0.5 million tons, respectively, based on harvest results. Argentina corn production is lowered 1.0 million tons on lower expected harvested area as lack of timely rainfall reduced plantings. Argentina barley production is lowered 0.4 million tons as drought, frost, and hail damage reduce expected harvested area and yields. Barley production is also lowered 1.0 million tons for Australia as dryness across southeastern growing areas reduce area and yield prospects. World coarse grain imports and exports for 2008/09 are nearly unchanged this month. Global coarse grain feeding is projected lower with corn feeding reduced 2.6 million tons. Global barley feeding is also reduced 1.3 million tons this month. Global coarse grain stocks for 2008/09 are projected higher this month with corn ending stocks raised 4.6 million tons and barley ending stocks raised 1.1 million tons. RICE: U.S. rice production in 2008/09 is forecast at 203.5 million cwt, 0.7 million below last month due to a lower yield. Average yield is estimated at 6,959 pounds per acre, down 23 pounds from last month. Harvested area is unchanged at 2.92 million acres. Long-grain rice production is lowered 0.5 million cwt to 154.7 million, while combined medium- and short-grain production is lowered 0.2 million to 48.7 million. Imports and domestic and residual use are unchanged from a month ago. However, exports are lowered 1 million cwt to 107 million from a month earlier. Long-grain exports are lowered 1 million cwt to 84 million, while combined medium- and short-grain exports are unchanged at 23 million. Ending stocks are projected at 25.4 million cwt, nearly unchanged from last month. The all rice season-average farm price is forecast at $14.50 to $15.50 per cwt, down $1.35 per cwt on both ends of the range. The long-grain season-average farm price range is projected at $13.85 to $14.85 per cwt, down $1.65 per cwt on each end of the range. The combined medium- and short-grain farm price range is projected at $17.00 to $18.00 per cwt, down $0.50 per cwt on each end. Declining global rice prices and weak import demand have reduced price expectations for the remainder of the marketing year. Reported monthly farm prices from NASS through mid-October indicate a downward trend for both long- and combined medium- and short-grain rice. Global 2008/09 rice production, consumption, trade, and ending stocks are raised from a month ago. World production is forecast at a record 434.3 million tons, up a million tons from last month due mainly to increases for China, India, Pakistan, South Korea, and several African countries, which are partially offset by reductions for the United States, Brazil, and Russia. Global consumption is raised from a month ago due mainly to increases for China and several African countries. Exports are increased for China, India, and Pakistan and lowered for the United States. Imports are raised for several African countries including Cote D'Ivoire, Mauritius, and Reunion. Global ending stocks for 2008/09 are projected at 80.6 million tons, up slightly from last month, and an increase of 2.2 million from the 2007/08 estimate. OILSEEDS: Total U.S. oilseed production is projected at 88.2 million tons, down 0.5 million tons due to lower soybean and cottonseed production. Soybean production is forecast at 2.921 billion bushels, down 17 million bushels based on a lower soybean yield of 39.3 bushels per acre. Soybean crush is reduced 15 million to 1.745 billion bushels due to lower values for soybean oil and soybean meal. Soybean ending stocks are unchanged at 205 million bushels. Soybean and product price forecasts are all reduced this month. The U.S. season-average soybean price for 2008/09 is projected at $9.10 to $10.60 per bushel, down 45 cents on both ends of the range reflecting lower cash and futures prices. Soybean meal prices are projected at $255 to $315 per short ton, down $5 on both ends of the range. Soybean oil prices are projected at 37.5 to 41.5 cents per pound, down 6.5 cents on both ends of the range. Global oilseed production for 2008/09 is projected at 417.8 million tons, down 1.3 million tons from last month. Foreign production is reduced 0.7 million tons as lower soybean and cottonseed production is only partly offset by higher rapeseed and sunflowerseed production. Brazil soybean production is projected at 60 million tons, down 2.5 million tons from the previous forecast due to reduced area and yield. Despite a strengthening U.S. dollar that has mostly offset the effect of declining soybean prices, recent Brazilian government surveys indicate a lower area projection due to higher costs and reduced credit availability. Global rapeseed production is projected higher mainly due to an increase for China. Recently released government statistics indicate higher rapeseed area, resulting in a 0.5 million ton increase in production to 11.5 million tons. Rapeseed production is projected 0.2 million tons lower for Australia due to lower yields related to excessively dry conditions in some growing areas. Sunflowerseed production is raised for both Ukraine and Russia due to higher-than-expected yields. Sunflowerseed production is also raised for EU-27. Other changes include higher soybean production for China and EU-27, lower peanut production for China, and lower cottonseed production for Brazil. SUGAR: Projected 2008/09 U.S. sugar supply is increased 251,000 short tons, raw value, from last month. Carry-in stocks are the final ending stocks reported for 2007/08. Beet sugar production for 2008/09 is increased 25,000 tons based on the larger forecast sugarbeet crop. Tariff rate quota (TRQ) imports are increased 75,000 tons to reflect the re-allocation of Mexico's share of the refined sugar quota announced on August 6. Partially offsetting, the TRQ shortfall is increased 30,000 tons based on new information about sugar supply and demand in quota holding countries. Ending stocks are raised 251,000 tons from last month to 907,000 tons, down 783,000 tons from last year. For 2007/08, year-end data from processors published in Sweetener Market Data (SMD) raise ending stocks 181,000 tons from last month. With other final data adding marginal changes to 2007/08 supply and use, the increase in reported ending stocks results in a miscellaneous statistical discrepancy of -269,000 tons on the use side. This amount comprises three miscellaneous uses in SMD (inventory adjustments, refining losses, and intra-industry transfers) and the difference between imports recorded in SMD and official imports (from U.S. Customs Service and the Census Bureau). The difference in import reporting accounts for 86 percent of the statistical discrepancy. LIVESTOCK, POULTRY, AND DAIRY: Total U.S. meat production forecasts for 2008 and 2009 are reduced from last month, primarily reflecting lower pork and broiler production for 2008 and lower forecast pork production for 2009. Beef production is reduced fractionally based on the third-quarter production estimate. Pork production for 2008 is lowered because of the slower-than-expected pace of hog slaughter this quarter. The broiler production forecast for 2008 is reduced as a higher third quarter estimate is more than offset by expectations of lower production in the fourth quarter. Hatchery data point to declining eggs set and bird weights have recently begun to decline. Turkey production is raised on higher projected fourth-quarter production. Pork production forecasts for 2009 are reduced from last month as hog slaughter is expected to be lower due to smaller imports of hogs from Canada. There are no changes to other meats for 2009. Export forecasts for beef and pork in both 2008 and 2009 are reduced as softer international demand and a stronger U.S. dollar are expected to dampen sales. Beef import forecasts are reduced from last month but pork imports are raised. Broiler exports are increased for 2008 as stronger-than-expected shipments in the third quarter more than offset weaker sales in the fourth quarter. Broiler export forecasts are unchanged for 2009. Turkey exports for 2009 are reduced due to weakening demand and a stronger U.S. dollar. Cattle and hog price forecasts for both 2008 and 2009 are lowered as a result of weaker exports. Broiler price forecasts are unchanged. Turkey price forecasts for 2008 and 2009 are lowered slightly due to higher domestic supplies. Milk production forecasts for 2008 and 2009 are increased slightly from last month. Cow number forecasts are unchanged from last month. Forecast 2008 milk per cow is raised from last month due to higher-than-expected August and September estimates. Lower expected feed prices in 2009 should support slightly higher growth in milk per cow although gains are expected to remain below historical rates of increase. Weaker international markets will boost domestic supplies. Skim solids stocks for 2009 are reduced as domestic use of skims is forecast higher albeit at lower prices. Sales of nonfat dry milk (NDM) to the CCC are forecast for 2008 and 2009. Class III and Class IV prices for 2008 and 2009 are reduced from last month as most product price forecasts are lowered. Weak international demand and relatively large supples of NDM are expected to result in sharply lower forecast NDM prices. Although relatively weak expected demand could pressure butter prices, relatively higher values of Class III products versus Class IV products may encourage milk to flow to cheese production, tightening butter supplies and supporting prices. Cheese prices are lowered reflecting larger expected supplies of cheese. Whey prices are forecast lower than last month on weaker demand. The all milk price is forecast lower this month, averaging $18.30 to $18.40 in 2008 and $15.30 to $16.20 in 2009. COTTON: This month's U.S. cotton estimates for 2008/09 include marginal changes in beginning stocks and production, which are largely offsetting. Beginning stocks are raised 153,000 bales from last month due to a revision in 2007/08 ending stocks by the U.S. Census Bureau. Production is lowered slightly, as reductions in the Delta and Southwest regions are partially offset by an increase for the Southeast. Domestic mill use is unchanged. Despite lower world demand, the U.S. export estimate is maintained at 13.0 million bales, because U.S. cotton has become relatively more competitive in recent weeks. The forecast for the average price received by producers is lowered 7 cents on the upper end and 6 cents on the lower end of the range, as market prices have fallen sharply since the October report. The world 2008/09 cotton estimates show modestly lower production and sharply lower consumption compared with last month, raising ending stocks by 3.5 percent. World production is reduced about 900,000 bales, due mainly to reductions in the African Franc Zone, Brazil, and the United States. World consumption is reduced 2.4 percent from last month, due to mounting evidence of consumer retrenchment and a slowdown in mill activity around the world. China accounts for more than half of the world reduction; consumption also is reduced in Brazil, India, Pakistan, Thailand, and Turkey. Lower consumption is estimated to reduce world trade by 1.0 million bales, including a reduction of 500,000 bales in imports by China. World stocks are raised nearly 2.0 million bales from last month. Stocks in China are raised 1.25 million bales, as the government of China is buying cotton for the national reserve to support domestic prices. 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: CHUCK 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; Teresa McKeivier, 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 Larry Haller, 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. The WASDE report release date for the remainder of 2008 is Dec. 11. In 2009, the WASDE report will be released on Jan. 12, Feb. 10, Mar. 11, Apr. 9, May 12, Jun. 10, Jul. 10, Aug. 12, Sep. 11, Oct. 9, Nov. 10, and Dec. 10. 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 Mexico Sugar Supply and 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-464-8 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 : 2,005.90 2,394.64 259.98 2,053.64 341.01 2007/08 (Est.) : 2,119.47 2,460.47 269.34 2,108.56 351.91 2008/09 (Proj.) : October : 2,203.68 2,551.22 262.38 2,181.35 369.87 November : 2,208.37 2,560.28 264.28 2,183.51 376.77 Wheat : 2006/07 : 596.20 743.84 111.20 616.83 127.01 2007/08 (Est.) : 610.59 737.60 115.35 618.21 119.39 2008/09 (Proj.) : October : 680.20 800.00 123.18 655.58 144.41 November : 682.37 801.76 123.98 656.51 145.25 Coarse grains 4/ : 2006/07 : 989.08 1,154.51 117.48 1,015.89 138.62 2007/08 (Est.) : 1,077.92 1,216.54 123.63 1,062.41 154.13 2008/09 (Proj.) : October : 1,090.25 1,240.31 110.87 1,095.38 144.93 November : 1,091.73 1,245.86 110.45 1,094.95 150.91 Rice, milled : 2006/07 : 420.62 496.30 31.30 420.92 75.38 2007/08 (Est.) : 430.96 506.34 30.37 427.94 78.39 2008/09 (Proj.) : October : 433.23 510.92 28.33 430.38 80.54 November : 434.28 512.67 29.85 432.06 80.61 : : United States Total grains 3/ : 2006/07 : 335.67 413.87 85.99 278.02 49.85 2007/08 (Est.) : 413.62 470.80 107.73 308.75 54.32 2008/09 (Proj.) : October : 398.91 459.68 84.35 326.38 48.95 November : 398.37 459.14 83.07 326.17 49.90 Wheat : 2006/07 : 49.32 68.18 24.73 31.04 12.41 2007/08 (Est.) : 56.25 71.73 34.40 29.00 8.32 2008/09 (Proj.) : October : 68.03 79.07 27.22 35.49 16.37 November : 68.03 79.07 27.22 35.44 16.42 Coarse grains 4/ : 2006/07 : 280.11 337.43 58.34 242.91 36.17 2007/08 (Est.) : 351.06 390.74 69.88 275.80 45.06 2008/09 (Proj.) : October : 324.35 372.32 53.68 286.86 31.78 November : 323.84 371.81 52.43 286.71 32.67 Rice, milled : 2006/07 : 6.24 8.26 2.92 4.07 1.27 2007/08 (Est.) : 6.31 8.34 3.45 3.95 0.94 2008/09 (Proj.) : October : 6.53 8.28 3.45 4.02 0.80 November : 6.51 8.26 3.42 4.02 0.81 =============================================================================== 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-464-9 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 : 1,670.23 1,980.77 173.98 1,775.61 291.15 2007/08 (Est.) : 1,705.84 1,989.67 161.61 1,799.82 297.59 2008/09 (Proj.) : October : 1,804.77 2,091.54 178.03 1,854.97 320.92 November : 1,810.00 2,101.14 181.21 1,857.34 326.87 Wheat : 2006/07 : 546.88 675.66 86.48 585.79 114.60 2007/08 (Est.) : 554.34 665.88 80.94 589.21 111.07 2008/09 (Proj.) : October : 612.17 720.93 95.97 620.10 128.05 November : 614.34 722.69 96.77 621.07 128.83 Coarse grains 5/ : 2006/07 : 708.96 817.08 59.13 772.98 102.45 2007/08 (Est.) : 726.85 825.80 53.75 786.61 109.07 2008/09 (Proj.) : October : 765.90 867.98 57.19 808.52 113.14 November : 767.88 874.04 58.02 808.23 118.24 Rice, milled : 2006/07 : 414.38 488.04 28.37 416.85 74.11 2007/08 (Est.) : 424.64 498.00 26.92 424.00 77.45 2008/09 (Proj.) : October : 426.70 502.64 24.88 426.36 79.73 November : 427.77 504.41 26.43 428.03 79.80 =============================================================================== 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 : 121.99 184.25 37.12 123.48 62.83 2007/08 (Est.) : 120.54 183.37 38.69 123.37 61.40 2008/09 (Proj.) : October : 113.76 175.26 36.14 122.31 55.45 November : 112.87 174.27 35.21 119.33 57.40 : United States 2006/07 : 21.59 27.68 13.01 4.94 9.48 2007/08 (Est.) : 19.21 28.70 13.65 4.61 10.04 2008/09 (Proj.) : October : 13.71 23.62 13.00 4.40 6.20 November : 13.53 23.59 13.00 4.40 6.20 : Foreign 3/ 2006/07 : 100.40 156.58 24.11 118.54 53.35 2007/08 (Est.) : 101.33 154.67 25.04 118.76 51.36 2008/09 (Proj.) : October : 100.05 151.64 23.14 117.91 49.25 November : 99.34 150.68 22.21 114.93 51.20 =============================================================================== 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-464-10 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 : 404.25 468.96 83.72 328.98 72.74 2007/08 (Est.) : 391.35 464.09 92.74 338.58 61.57 2008/09 (Proj.) : October : 419.11 480.39 93.85 348.91 64.10 November : 417.84 479.41 92.51 348.56 64.57 Oilmeals : 2006/07 : 224.25 232.17 68.38 222.66 7.68 2007/08 (Est.) : 230.69 238.37 70.81 229.79 7.96 2008/09 (Proj.) : October : 237.66 245.42 73.36 235.16 7.72 November : 236.63 244.59 72.13 235.00 8.02 Vegetable Oils : 2006/07 : 121.35 131.93 48.50 121.13 9.92 2007/08 (Est.) : 127.98 137.90 52.08 125.28 9.83 2008/09 (Proj.) : October : 133.71 143.30 53.88 130.63 9.95 November : 133.70 143.53 53.69 130.74 10.53 : : United States Oilseeds : 2006/07 : 96.61 111.85 31.65 53.48 17.02 2007/08 (Est.) : 82.44 100.73 33.11 53.44 6.91 2008/09 (Proj.) : October : 88.68 96.66 28.97 52.26 6.93 November : 88.17 96.14 28.97 51.83 6.97 Oilmeals : 2006/07 : 41.52 43.58 8.26 34.93 0.39 2007/08 (Est.) : 40.85 43.26 8.69 34.24 0.33 2008/09 (Proj.) : October : 40.43 42.84 8.13 34.37 0.33 November : 40.11 42.51 8.13 34.04 0.33 Vegetable Oils : 2006/07 : 10.41 14.76 1.34 11.68 1.74 2007/08 (Est.) : 10.51 15.38 1.68 12.19 1.51 2008/09 (Proj.) : October : 10.28 15.03 1.35 12.41 1.27 November : 10.19 15.12 1.33 12.53 1.26 : : Foreign 3/ Oilseeds : 2006/07 : 307.64 357.11 52.08 275.50 55.72 2007/08 (Est.) : 308.91 363.36 59.62 285.15 54.66 2008/09 (Proj.) : October : 330.43 383.74 64.88 296.65 57.17 November : 329.68 383.27 63.54 296.72 57.60 Oilmeals : 2006/07 : 182.73 188.59 60.12 187.73 7.29 2007/08 (Est.) : 189.85 195.11 62.12 195.55 7.63 2008/09 (Proj.) : October : 197.23 202.59 65.23 200.79 7.39 November : 196.52 202.08 64.00 200.96 7.69 Vegetable Oils : 2006/07 : 110.94 117.18 47.16 109.45 8.17 2007/08 (Est.) : 117.47 122.52 50.41 113.10 8.32 2008/09 (Proj.) : October : 123.43 128.28 52.53 118.22 8.68 November : 123.50 128.41 52.37 118.21 9.27 =============================================================================== 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-464-11 U.S. Wheat Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : October November =============================================================================== Area : Million acres Planted : 57.3 60.4 63.0 63.0 Harvested : 46.8 51.0 55.7 55.7 Yield per harvested : Bushels acre : 38.7 40.5 44.9 44.9 : Million bushels Beginning stocks : 571 456 306 306 Production : 1,812 2,067 2,500 2,500 Imports : 122 113 100 100 Supply, total : 2,505 2,635 2,905 2,905 Food : 938 948 960 960 Seed : 82 88 84 82 Feed and residual : 121 30 260 260 Domestic, total : 1,140 1,066 1,304 1,302 Exports : 908 1,264 1,000 1,000 Use, total : 2,049 2,330 2,304 2,302 Ending stocks : 456 306 601 603 CCC inventory : 41 0 0 0 Free stocks : 415 306 601 603 Outstanding loans : 14 1 10 10 Avg. farm price ($/bu) 2/ : 4.26 6.48 6.60- 7.40 6.55- 7.15 =============================================================================== 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/ : 1,127 614 481 280 134 2,635 Domestic use : 452 240 217 73 83 1,066 Exports : 538 305 209 170 42 1,264 Use, total : 990 546 426 243 125 2,330 Ending stocks, total : 138 68 55 37 8 306 : 2008/09 (projected) : Beginning stocks : 138 68 55 37 8 306 Production : 1,035 512 614 254 85 2,500 Supply, total 3/ : 1,174 620 679 300 133 2,905 Domestic use : 512 244 350 106 89 1,302 Exports : 455 220 185 120 20 1,000 Use, total : 968 464 536 226 109 2,302 Ending stocks, total : November : 206 156 143 74 24 603 October : 216 136 167 64 19 601 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports. WASDE-464-12 U.S. Feed Grain and Corn Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : October November =============================================================================== FEED GRAINS : Area : Million acres Planted : 92.5 109.1 101.7 101.7 Harvested : 80.1 98.4 90.7 90.7 Yield per harvested : Metric tons acre : 3.50 3.57 3.57 3.57 : Million metric tons Beginning stocks : 54.7 36.2 45.1 45.1 Production : 279.9 350.9 324.1 323.6 Imports : 2.4 3.3 2.7 2.7 Supply, total : 337.1 390.3 371.9 371.4 Feed and residual : 148.2 158.9 144.6 144.5 Food, seed & industrial : 94.4 116.5 141.9 141.9 Domestic, total : 242.6 275.4 286.5 286.4 Exports : 58.3 69.9 53.7 52.4 Use, total : 300.9 345.3 340.2 338.8 Ending stocks, total : 36.2 45.1 31.8 32.7 CCC inventory : 0.0 0.0 0.0 0.0 Free stocks : 36.2 45.1 31.8 32.7 Outstanding loans : 3.0 2.7 5.1 5.1 : CORN : Area : Million acres Planted : 78.3 93.6 85.9 85.9 Harvested : 70.6 86.5 78.2 78.2 Yield per harvested : Bushels acre : 149.1 151.1 153.9 153.8 : Million bushels Beginning stocks : 1,967 1,304 1,624 1,624 Production : 10,535 13,074 12,033 12,020 Imports : 12 20 15 15 Supply, total : 12,514 14,398 13,673 13,659 Feed and residual : 5,595 5,974 5,300 5,300 Food, seed & industrial : 3,490 4,364 5,335 5,335 Ethanol for fuel 2/ : 2,119 3,026 4,000 4,000 Domestic, total : 9,085 10,338 10,635 10,635 Exports : 2,125 2,436 1,950 1,900 Use, total : 11,210 12,773 12,585 12,535 Ending stocks, total : 1,304 1,624 1,088 1,124 CCC inventory : 0 0 0 0 Free stocks : 1,304 1,624 1,088 1,124 Outstanding loans : 116 106 200 200 Avg. farm price ($/bu) 3/ : 3.04 4.20 4.25- 5.25 4.00- 4.80 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further breakout of FSI corn uses including ethanol, see the ERS Feed Outlook table 5, or Feed Grains Database at "www.ers.usda.gov/db/feedgrains." 3/ Marketing-year weighted average price received by farmers. WASDE-464-13 U.S. Sorghum, Barley and Oats Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : October November =============================================================================== : Million bushels SORGHUM : Area planted (mil. acres) : 6.5 7.7 8.3 8.3 Area harv. (mil. acres) : 4.9 6.8 7.4 7.4 Yield (bushels/acre) : 56.2 74.2 63.9 63.0 Beginning stocks : 66 32 53 53 Production : 278 505 472 465 Imports : 0 0 0 0 Supply, total : 343 537 525 518 Feed and residual : 114 172 245 240 Food, seed & industrial : 45 35 70 70 Total domestic : 159 207 315 310 Exports : 153 278 140 140 Use, total : 311 484 455 450 Ending stocks, total : 32 53 70 68 Avg. farm price ($/bu) 2/ : 3.29 4.08 3.70- 4.70 3.40- 4.20 : BARLEY : Area planted (mil. acres) : 3.5 4.0 4.2 4.2 Area harv. (mil. acres) : 3.0 3.5 3.8 3.8 Yield (bushels/acre) : 61.1 60.4 63.6 63.6 Beginning stocks : 108 69 68 68 Production : 180 212 239 239 Imports : 12 32 25 25 Supply, total : 300 312 333 333 Feed and residual : 49 34 80 80 Food, seed & industrial : 162 168 160 160 Total domestic : 211 203 240 240 Exports : 20 41 25 25 Use, total : 231 244 265 265 Ending stocks, total : 69 68 68 68 Avg. farm price ($/bu) 2/ : 2.85 4.02 4.60- 5.60 4.70- 5.30 : OATS : Area planted (mil. acres) : 4.2 3.8 3.2 3.2 Area harv. (mil. acres) : 1.6 1.5 1.4 1.4 Yield (bushels/acre) : 59.8 60.9 63.5 63.5 Beginning stocks : 53 51 67 67 Production : 94 92 89 89 Imports : 106 123 105 105 Supply, total : 252 265 260 260 Feed and residual : 125 121 120 120 Food, seed & industrial : 74 75 75 75 Total domestic : 199 196 195 195 Exports : 3 3 3 3 Use, total : 202 199 198 198 Ending stocks, total : 51 67 62 62 Avg. farm price ($/bu) 2/ : 1.87 2.63 2.65- 3.35 2.70- 3.10 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum, June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers. WASDE-464-14 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :============================== : : Est. : October November =============================================================================== TOTAL : Area : Million acres Planted : 2.84 2.76 2.94 2.94 Harvested : 2.82 2.75 2.92 2.92 Yield per harvested : Pounds acre : 6,868 7,185 6,982 6,959 : : Million hundredweight Beginning stocks 2/ : 43.0 39.3 29.4 29.4 Production : 193.7 197.5 204.1 203.5 Imports : 20.6 23.9 25.5 25.5 Supply, total : 257.3 260.7 259.1 258.4 Domestic & residual 3/ : 127.2 123.3 126.0 126.0 Exports, total 4/ : 90.8 107.9 108.0 107.0 Rough : 32.1 40.2 37.0 38.0 Milled (rough equiv.) : 58.7 67.8 71.0 69.0 Use, total : 218.0 231.2 234.0 233.0 Ending stocks : 39.3 29.4 25.1 25.4 Avg. milling yield (%) 5/ : 71.0 70.5 70.5 70.5 Avg. farm price ($/cwt) 6/ : 9.96 12.80 15.85-16.85 14.50-15.50 : LONG GRAIN : Harvested acres (mil.) : 2.19 2.05 Yield (pounds/acre) : 6,689 6,929 Beginning stocks : 32.7 28.5 19.0 19.0 Production : 146.2 142.2 155.2 154.7 Supply, total 7/ : 193.1 188.4 193.3 192.8 Domestic & Residual 3/ : 92.6 87.5 91.0 91.0 Exports 8/ : 72.0 81.9 85.0 84.0 Use, total : 164.6 169.3 176.0 175.0 Ending stocks : 28.5 19.0 17.3 17.8 Avg. farm price ($/cwt) 6/ : 9.47 12.50 15.50-16.50 13.85-14.85 : MEDIUM & SHORT GRAIN : Harvested acres (mil.) : 0.64 0.70 Yield (pounds/acre) : 7,484 7,942 Beginning stocks : 9.4 10.0 9.1 9.1 Production : 47.5 55.3 48.9 48.7 Supply, total 7/ : 63.4 71.0 64.5 64.3 Domestic & Residual 3/ : 34.6 35.8 35.0 35.0 Exports 8/ : 18.8 26.1 23.0 23.0 Use, total : 53.4 61.9 58.0 58.0 Ending stocks : 10.0 9.1 6.5 6.3 Avg. farm price ($/cwt) 6/ : 12.10 13.80 17.50-18.50 17.00-18.00 =============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of broken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2006/07-0.9; 2007/08-0.8; 2008/09-1.3. 3/ Residual includes unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and ending stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. 6/ Marketing-year weighted average price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are estimated. WASDE-464-15 U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :=============================== : : Est. : October November =============================================================================== SOYBEANS: : Million acres Area : Planted : 75.5 64.7 75.9 75.9 Harvested : 74.6 64.1 74.4 74.4 : : Bushels Yield per harvested : acre : 42.7 41.7 39.5 39.3 : : Million bushels : Beginning stocks : 449 574 205 205 Production : 3,188 2,676 2,938 2,921 Imports : 9 10 7 7 Supply, total : 3,647 3,260 3,150 3,133 Crushings : 1,808 1,801 1,760 1,745 Exports : 1,116 1,161 1,020 1,020 Seed : 80 93 90 90 Residual : 69 -1 75 72 Use, total : 3,073 3,054 2,945 2,928 Ending stocks : 574 205 205 205 Avg. farm price ($/bu) 2/ : 6.43 10.10 9.70-11.20 9.10 -10.60 : : : Million pounds SOYBEAN OIL: : Beginning stocks : 3,010 3,085 2,375 2,471 Production : 20,489 20,568 20,065 19,895 Imports : 37 65 50 50 Supply, total : 23,536 23,718 22,490 22,416 Domestic : 18,575 18,272 18,100 18,100 For methyl ester : 2,762 2,983 3,100 3,100 Exports : 1,877 2,975 2,350 2,300 Use, total : 20,451 21,247 20,450 20,400 Ending stocks : 3,085 2,471 2,040 2,016 Average price (c/lb) 2/ : 31.02 52.03 44.00- 37.50- : 48.00 41.50 : : Thousand short tons SOYBEAN MEAL: : Beginning stocks : 314 346 300 294 Production : 43,054 42,242 41,835 41,491 Imports : 156 140 165 165 Supply, total : 43,524 42,728 42,300 41,950 Domestic : 34,374 33,234 33,400 33,050 Exports : 8,804 9,200 8,600 8,600 Use, total : 43,178 42,434 42,000 41,650 Ending stocks : 346 294 300 300 Average price ($/s.t.) 2/ : 205.44 335.94 260.00- 255.00- : 320.00 315.00 =============================================================================== Note: Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and meal. 2/ Prices: Soybeans, marketing year weighted average price received by farmers; for Oil, simple average of crude soybean oil, Decatur; for Meal, simple average of 48 percent, Decatur. WASDE-464-16 U.S. Sugar Supply and Use 1/ ====================================================================== : : : 2008/09 Projection Item : 2006/07 : 2007/08 :====================== : : Est. : October November ====================================================================== : 1,000 short tons, raw value : Beginning stocks : 1,698 1,799 1,509 1,690 Production : 8,446 8,150 7,656 7,681 Beet sugar : 5,008 4,721 4,200 4,225 Cane sugar : 3,438 3,429 3,456 3,456 Florida : 1,719 1,643 1,747 1,747 Hawaii : 222 182 225 225 Louisiana : 1,320 1,446 1,300 1,300 Texas : 177 158 184 184 Imports : 2,080 2,456 2,451 2,496 TRQ 2/ : 1,624 1,352 1,466 1,511 Other program 3/ : 390 559 425 425 Other 4/ : 66 545 560 560 Mexico : 60 535 550 550 Total supply : 12,224 12,405 11,616 11,867 : Exports : 422 203 250 250 Deliveries : 10,135 10,781 10,710 10,710 Food : 9,913 10,579 10,500 10,500 Other 5/ : 222 202 210 210 Miscellaneous 6/ : -132 -269 0 0 Total use : 10,425 10,715 10,960 10,960 Ending stocks : 1,799 1,690 656 907 : Stocks to use ratio : 17.3 15.8 6.0 8.3 ====================================================================== 1/ Fiscal years beginning Oct 1. Historical data are from "Sweetener Market Data" (SMD) except imports (U.S. Customs Service, Census Bureau). 2/ For 2008/09, includes tariff rate quota shortfall of 130,000 tons. 3/ Includes sugar under the re-export and polyhydric alcohol programs. 4/ Does not include Mexico TRQ imports. For 2006/07, other high-tier (0) and other (6). For 2007/08, other high-tier (10) and other (0). For 2008/09, other high-tier (10) and other (0). 5/ Transfers to sugar-containing products for reexport, and for nonedible alcohol and feed. 6/ Includes SMD miscellaneous uses and the difference between SMD imports and WASDE imports. Mexico Sugar Supply and Use 1/ ========================================================================== : Supply : Use : Fiscal :====================================================: Ending year : Beginning : Production: Imports : Domestic: Exports: stocks : stocks : : : : : ========================================================================== 1,000 metric tons, raw value Sugar 2007/08 est. Oct 1,718 5,852 210 5,720 500 1,560 Nov 1,718 5,852 210 5,720 500 1,560 2008/09 proj. Oct 1,560 5,850 225 5,780 500 1,355 Nov 1,560 5,850 225 5,780 500 1,355 ========================================================================== 1/ U.S. HFCS exports to Mexico (metric tons, dry-weight basis): Oct-Sep 2006/07 = 277,767; Oct-Aug 2006/07 = 236,172; Oct-Aug 2007/08 = 382,328. Footnote source: U.S. Census Bureau. WASDE-464-17 U. S. Cotton Supply and Use 1/ =============================================================================== : : : 2008/09 Projections Item : 2006/07 : 2007/08 :=============================== : : Est. : October November =============================================================================== : Million acres Area : Planted : 15.27 10.83 9.41 9.41 Harvested : 12.73 10.49 7.76 7.76 : : Pounds Yield per harvested : acre : 814 879 849 837 : : Million 480 pound bales : Beginning stocks 2/ : 6.07 9.48 9.89 10.04 Production : 21.59 19.21 13.71 13.53 Imports : 0.02 0.01 0.02 0.02 Supply, total : 27.68 28.70 23.62 23.59 Domestic use : 4.94 4.61 4.40 4.40 Exports : 13.01 13.65 13.00 13.00 Use, total : 17.95 18.26 17.40 17.40 Unaccounted 3/ : 0.25 0.39 0.02 -0.01 Ending stocks : 9.48 10.04 6.20 6.20 : Avg. farm price 4/ : 46.5 59.3 51.0-62.0 45.0-55.0 =============================================================================== 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/ Cents per pound for upland cotton. =============================================================================== WASDE-464-18 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/ : 147.64 596.20 113.60 106.27 616.83 111.20 127.01 United States : 15.55 49.32 3.32 3.29 31.04 24.73 12.41 Total foreign : 132.09 546.88 110.28 102.98 585.79 86.48 114.60 Major exporters 4/ : 43.21 176.16 5.56 69.82 146.85 52.54 25.54 Argentina : 0.50 15.20 0.01 0.08 4.90 10.50 0.31 Australia : 9.62 10.82 0.09 4.70 7.40 8.73 4.41 Canada : 9.70 25.27 0.32 4.84 9.05 19.43 6.80 EU-27 5/ : 23.39 124.87 5.14 60.20 125.50 13.87 14.03 Major importers 6/ : 59.73 174.73 54.89 7.70 220.68 5.68 62.99 Brazil : 1.18 2.23 7.62 0.20 10.40 0.00 0.63 China : 34.39 108.47 0.38 4.00 102.00 2.78 38.45 Select. Mideast 7/ : 6.82 20.10 10.52 1.55 30.31 0.55 6.58 N. Africa 8/ : 10.51 18.58 16.30 0.25 33.90 0.26 11.23 Pakistan : 3.25 21.28 0.07 0.40 21.90 0.70 1.99 Southeast Asia 9/ : 2.20 0.00 10.65 0.90 9.98 0.42 2.46 Selected other : India : 2.00 69.35 6.72 0.30 73.36 0.20 4.50 FSU-12 : 13.00 84.98 5.96 21.65 72.53 22.54 8.86 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 8.09 0.95 Ukraine : 2.41 14.00 0.08 2.10 11.70 3.37 1.43 : : 2007/08 (Estimated) : World 3/ : 127.01 610.59 112.42 94.94 618.21 115.35 119.39 United States : 12.41 56.25 3.07 0.82 29.00 34.40 8.32 Total foreign : 114.60 554.34 109.35 94.12 589.21 80.94 111.07 Major exporters 4/ : 25.54 168.82 7.44 58.10 135.68 46.31 19.80 Argentina : 0.31 16.30 0.00 0.08 5.43 10.50 0.68 Australia : 4.41 13.04 0.11 3.50 6.20 7.47 3.89 Canada : 6.80 20.05 0.39 2.08 6.31 16.12 4.82 EU-27 5/ : 14.03 119.43 6.93 52.44 117.74 12.23 10.42 Major importers 6/ : 62.99 175.04 58.14 8.92 223.33 8.81 64.04 Brazil : 0.63 3.83 7.00 0.20 10.40 0.77 0.29 China : 38.45 109.30 0.05 6.00 104.00 2.84 40.96 Select. Mideast 7/ : 6.58 20.29 9.23 1.00 29.25 0.55 6.30 N. Africa 8/ : 11.23 13.82 21.67 0.20 35.47 0.28 10.97 Pakistan : 1.99 23.30 1.49 0.40 22.40 2.20 2.18 Southeast Asia 9/ : 2.46 0.00 9.86 0.72 10.13 0.57 1.61 Selected other : India : 4.50 75.81 1.88 0.20 75.73 0.05 6.41 FSU-12 : 8.86 92.69 5.89 23.63 75.56 21.88 10.00 Russia : 2.38 49.40 0.34 15.05 37.70 12.22 2.20 Kazakhstan : 0.95 16.60 0.04 2.70 7.50 8.18 1.91 Ukraine : 1.43 13.90 0.33 3.10 12.90 1.24 1.53 =============================================================================== 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-464-19 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/ : October : 119.80 680.20 120.83 123.70 655.58 123.18 144.41 November : 119.39 682.37 121.83 124.10 656.51 123.98 145.25 United States : October : 8.32 68.03 2.72 7.08 35.49 27.22 16.37 November : 8.32 68.03 2.72 7.08 35.44 27.22 16.42 Total foreign : October : 111.47 612.17 118.11 116.62 620.10 95.97 128.05 November : 111.07 614.34 119.11 117.02 621.07 96.77 128.83 Major exporters 4/ : October : 19.86 207.97 5.38 70.78 150.98 57.50 24.74 November : 19.80 208.90 5.38 70.78 150.98 56.80 26.30 Argentina Oct : 0.88 12.00 0.01 0.08 5.48 7.00 0.40 Nov : 0.68 11.00 0.01 0.08 5.48 5.80 0.40 Australia Oct : 3.89 21.50 0.08 3.50 6.20 14.00 5.26 Nov : 3.89 20.00 0.08 3.50 6.20 13.50 4.26 Canada Oct : 4.82 27.30 0.30 3.20 7.80 18.50 6.12 Nov : 4.82 27.30 0.30 3.20 7.80 18.50 6.12 EU-27 5/ Oct : 10.28 147.17 5.00 64.00 131.50 18.00 12.95 Nov : 10.42 150.60 5.00 64.00 131.50 19.00 15.52 Major importers 6/ : October : 64.61 175.31 65.03 12.55 229.18 6.78 69.01 November : 64.04 174.31 65.33 12.45 229.07 8.13 66.49 Brazil Oct : 0.29 5.40 7.00 0.20 10.55 1.20 0.94 Nov : 0.29 5.40 7.00 0.20 10.55 1.20 0.94 China Oct : 41.53 114.00 0.03 9.00 107.00 2.00 46.56 Nov : 40.96 113.00 0.03 9.00 107.00 2.00 44.99 Sel. Mideast 7/Oct : 6.30 13.91 15.45 1.55 30.50 0.55 4.60 Nov : 6.30 13.91 15.45 1.55 30.50 0.55 4.60 N. Africa 8/ Oct : 10.97 15.78 20.20 0.20 35.93 0.23 10.80 Nov : 10.97 15.78 20.20 0.20 35.93 0.23 10.80 Pakistan Oct : 2.18 21.50 2.00 0.40 22.60 1.00 2.08 Nov : 2.18 21.50 2.50 0.40 22.60 2.40 1.18 SE Asia 9/ Oct : 1.61 0.00 11.25 0.95 10.50 0.53 1.84 Nov : 1.61 0.00 11.05 0.85 10.40 0.48 1.79 Selected other : India Oct : 6.41 78.40 0.00 0.10 77.60 0.05 7.16 Nov : 6.41 78.40 0.00 0.10 77.60 0.05 7.16 FSU-12 Oct : 10.00 112.74 5.81 28.83 82.83 28.64 17.08 Nov : 10.00 114.74 5.81 29.33 83.33 28.64 18.58 Russia Oct : 2.20 61.00 0.40 19.00 43.00 14.00 6.60 Nov : 2.20 63.00 0.40 19.50 43.50 14.00 8.10 Kazakhstan Oct : 1.91 12.50 0.03 2.70 7.50 5.20 1.74 Nov : 1.91 12.50 0.03 2.70 7.50 5.20 1.74 Ukraine Oct : 1.53 25.50 0.10 4.00 14.00 9.00 4.13 Nov : 1.53 25.50 0.10 4.00 14.00 9.00 4.13 =============================================================================== 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-464-20 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/ : 165.43 989.08 113.21 634.92 1015.89 117.48 138.62 United States : 54.77 280.11 2.55 148.27 242.91 58.34 36.17 Total foreign : 110.67 708.96 110.66 486.64 772.98 59.13 102.45 Major exporters 4/ : 13.13 65.03 3.38 36.01 49.46 23.05 9.04 Argentina : 1.46 27.54 0.01 7.16 9.82 16.93 2.26 Australia : 2.90 6.58 0.02 4.76 6.00 1.98 1.53 Canada : 6.33 23.15 2.17 19.49 24.50 3.65 3.50 Major importers 5/ : 42.51 212.11 84.93 223.60 298.55 5.68 35.32 EU-27 6/ : 22.27 137.44 7.99 109.98 147.72 4.69 15.29 Japan : 1.74 0.18 19.67 14.88 19.82 0.00 1.76 Mexico : 3.34 29.14 11.06 23.40 39.92 0.22 3.40 N. Afr & Mideast 7/: 8.11 27.77 20.77 40.58 47.86 0.31 8.49 Saudi Arabia : 2.77 0.34 8.28 8.53 8.75 0.00 2.63 Southeast Asia 8/ : 2.12 16.88 3.97 15.01 20.77 0.46 1.73 South Korea : 1.38 0.33 8.80 6.96 9.16 0.00 1.35 Selected other : Brazil : 3.17 53.18 1.77 36.18 43.34 11.06 3.71 China : 35.96 159.10 1.16 105.22 153.61 5.46 37.13 FSU-12 : 5.55 58.70 0.95 35.49 51.45 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/ : 138.62 1077.92 124.49 656.30 1062.41 123.63 154.13 United States : 36.17 351.06 3.50 159.08 275.80 69.88 45.06 Total foreign : 102.45 726.85 120.99 497.22 786.61 53.75 109.07 Major exporters 4/ : 9.04 76.56 3.58 36.68 51.30 29.52 8.36 Argentina : 2.26 25.79 0.00 7.57 10.23 17.01 0.82 Australia : 1.53 9.90 0.00 5.40 6.71 3.99 0.73 Canada : 3.50 27.84 3.25 18.50 24.06 6.51 4.03 Major importers 5/ : 35.32 210.90 96.00 230.85 305.07 5.28 31.87 EU-27 6/ : 15.29 136.38 19.76 116.81 153.78 4.60 13.05 Japan : 1.76 0.20 19.28 14.38 19.41 0.00 1.83 Mexico : 3.40 29.73 10.56 23.56 40.34 0.10 3.25 N. Afr & Mideast 7/: 8.49 25.08 20.48 40.34 47.45 0.01 6.58 Saudi Arabia : 2.63 0.32 9.00 9.03 9.25 0.00 2.70 Southeast Asia 8/ : 1.73 18.76 3.18 15.42 21.38 0.57 1.72 South Korea : 1.35 0.35 9.39 7.10 8.98 0.00 2.11 Selected other : Brazil : 3.71 61.04 0.86 37.85 44.99 7.26 13.37 China : 37.13 159.49 1.16 106.17 157.06 0.88 39.83 FSU-12 : 5.28 53.91 0.83 34.50 50.32 5.41 4.29 Russia : 1.67 29.33 0.43 18.68 28.85 1.20 1.38 Ukraine : 2.12 14.59 0.07 9.06 12.16 3.23 1.38 =============================================================================== 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-464-21 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/ : October : 150.05 1090.25 107.45 653.99 1095.38 110.87 144.93 November : 154.13 1091.73 107.06 651.67 1094.95 110.45 150.91 United States : October : 45.06 324.35 2.91 144.76 286.86 53.68 31.78 November : 45.06 323.84 2.91 144.61 286.71 52.43 32.67 Total foreign : October : 105.00 765.90 104.54 509.23 808.52 57.19 113.14 November : 109.07 767.88 104.15 507.06 808.23 58.02 118.24 Major exporters 4/ : October : 8.58 75.20 2.05 38.23 53.52 22.71 9.60 November : 8.36 72.74 2.05 37.38 52.43 22.26 8.45 Argentina Oct : 0.46 25.92 0.00 9.06 11.87 12.76 1.75 Nov : 0.82 24.47 0.00 8.96 11.62 12.06 1.61 Australia Oct : 0.72 11.36 0.00 5.97 7.31 3.78 0.99 Nov : 0.73 10.36 0.00 5.52 6.83 3.28 0.98 Canada Oct : 4.03 25.94 1.73 17.99 24.16 3.65 3.89 Nov : 4.03 25.94 1.73 17.69 23.81 4.40 3.49 Major importers 5/ : October : 31.58 231.27 80.88 223.13 300.15 7.36 36.22 November : 31.87 233.87 80.48 223.51 300.48 8.11 37.64 EU-27 6/ Oct : 13.47 155.81 3.26 108.73 147.74 6.70 18.09 Nov : 13.05 158.26 2.76 109.25 148.02 7.45 18.59 Japan Oct : 1.83 0.18 19.16 14.39 19.31 0.00 1.85 Nov : 1.83 0.18 19.56 14.64 19.76 0.00 1.80 Mexico Oct : 3.25 31.18 10.88 24.51 41.46 0.10 3.75 Nov : 3.25 31.18 10.88 24.51 41.46 0.10 3.75 N Afr/M.East 7/Oct : 6.60 24.90 22.62 40.53 48.00 0.00 6.12 Nov : 6.58 24.90 22.33 40.24 47.70 0.00 6.11 Saudi Arabia Oct : 2.65 0.33 9.50 9.23 9.46 0.00 3.01 Nov : 2.70 0.33 9.50 9.23 9.46 0.00 3.06 S.-east Asia 8/Oct : 1.72 18.37 3.83 16.07 22.05 0.56 1.31 Nov : 1.72 18.52 3.83 15.97 21.95 0.56 1.56 South Korea Oct : 1.44 0.34 7.27 5.45 7.63 0.00 1.42 Nov : 2.11 0.34 7.27 5.45 7.63 0.00 2.09 Selected other : Brazil Oct : 10.37 57.86 0.76 42.08 50.31 9.30 9.38 Nov : 13.37 57.86 0.76 42.08 50.31 9.30 12.38 China Oct : 39.20 163.70 1.43 114.23 166.73 0.65 36.95 Nov : 39.83 163.60 1.43 112.23 166.73 0.68 37.45 FSU-12 Oct : 4.44 72.75 0.69 38.43 55.33 12.04 10.51 Nov : 4.29 74.70 0.69 38.78 55.88 12.54 11.26 Russia Oct : 1.38 38.05 0.35 21.10 31.98 2.75 5.05 Nov : 1.38 39.50 0.35 21.45 32.53 2.75 5.95 Ukraine Oct : 1.53 23.48 0.05 9.80 13.23 8.60 3.23 Nov : 1.38 23.98 0.05 9.80 13.23 9.10 3.08 =============================================================================== 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-464-22 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/ : 124.78 712.44 90.92 478.29 728.53 93.80 108.69 United States : 49.97 267.60 0.30 142.11 230.77 53.99 33.11 Total foreign : 74.81 444.84 90.62 336.18 497.76 39.81 75.58 Major exporters 4/ : 3.46 29.80 1.13 9.20 15.30 15.78 3.32 Argentina : 1.16 22.50 0.01 4.80 6.70 15.31 1.66 South Africa : 2.31 7.30 1.12 4.40 8.60 0.47 1.66 Major importers 5/ : 18.01 99.24 54.52 110.86 154.16 1.33 16.29 Egypt : 0.65 6.15 4.83 8.60 10.70 0.00 0.92 EU-27 6/ : 9.46 53.83 7.06 49.20 62.30 0.66 7.38 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 3.96 14.95 20.70 0.44 1.73 South Korea : 1.38 0.07 8.74 6.91 8.83 0.00 1.35 Selected other : Brazil : 3.02 51.00 1.41 34.50 41.00 10.84 3.59 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/ : 108.69 791.96 96.64 498.39 774.18 95.38 126.47 United States : 33.11 332.09 0.51 151.74 262.59 61.87 41.26 Total foreign : 75.58 459.87 96.14 346.65 511.59 33.50 85.21 Major exporters 4/ : 3.32 33.35 0.20 10.10 16.70 17.00 3.17 Argentina : 1.66 20.85 0.00 5.10 7.00 15.00 0.51 South Africa : 1.66 12.50 0.20 5.00 9.70 2.00 2.66 Major importers 5/ : 16.29 95.18 60.18 112.80 156.14 1.15 14.35 Egypt : 0.92 6.17 4.20 8.30 10.40 0.00 0.89 EU-27 6/ : 7.38 47.52 13.50 50.00 63.00 0.50 4.90 Japan : 1.15 0.00 16.61 11.80 16.50 0.00 1.26 Mexico : 3.08 22.65 9.20 16.20 32.00 0.10 2.83 Southeast Asia 7/ : 1.73 18.69 3.15 15.35 21.30 0.55 1.72 South Korea : 1.35 0.08 9.32 7.05 8.64 0.00 2.11 Selected other : Brazil : 3.59 58.60 0.55 36.00 42.50 7.00 13.24 Canada : 1.34 11.65 3.18 10.28 13.84 0.89 1.45 China : 36.60 152.30 0.04 105.00 149.00 0.55 39.39 FSU-12 : 1.77 13.79 0.45 10.99 12.68 2.23 1.10 Ukraine : 1.07 7.40 0.02 5.00 5.70 2.15 0.64 =============================================================================== 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-464-23 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/ : October : 122.88 781.02 80.83 490.57 798.33 83.10 105.57 November : 126.47 781.36 80.43 488.02 797.71 82.33 110.12 United States : October : 41.26 305.66 0.38 134.63 270.14 49.53 27.62 November : 41.26 305.32 0.38 134.63 270.14 48.26 28.55 Total foreign : October : 81.62 475.35 80.45 355.95 528.18 33.57 77.94 November : 85.21 476.04 80.05 353.40 527.56 34.07 81.57 Major exporters 4/ : October : 3.42 30.50 0.20 10.60 17.10 13.50 3.52 November : 3.17 29.50 0.20 10.60 17.10 13.00 2.77 Argentina Oct : 0.16 19.00 0.00 5.60 7.50 11.00 0.66 Nov : 0.51 18.00 0.00 5.60 7.50 10.50 0.51 South Africa Oct : 3.26 11.50 0.20 5.00 9.60 2.50 2.86 Nov : 2.66 11.50 0.20 5.00 9.60 2.50 2.26 Major importers 5/ : October : 14.51 107.86 47.10 108.80 153.77 2.14 13.56 November : 14.35 108.34 47.00 108.40 153.57 2.64 13.49 Egypt Oct : 0.89 6.18 4.30 8.30 10.60 0.00 0.77 Nov : 0.89 6.18 4.30 8.30 10.60 0.00 0.77 EU-27 6/ Oct : 5.75 59.15 2.50 47.00 61.00 1.50 4.90 Nov : 4.90 59.49 2.00 46.50 60.50 2.00 3.89 Japan Oct : 1.25 0.00 16.10 11.50 16.10 0.00 1.25 Nov : 1.26 0.00 16.50 11.70 16.50 0.00 1.27 Mexico Oct : 2.83 24.00 9.00 16.50 32.50 0.10 3.23 Nov : 2.83 24.00 9.00 16.50 32.50 0.10 3.23 S.-east Asia 7/Oct : 1.72 18.30 3.80 16.00 21.98 0.54 1.31 Nov : 1.72 18.45 3.80 15.90 21.88 0.54 1.56 South Korea Oct : 1.44 0.08 7.20 5.40 7.30 0.00 1.42 Nov : 2.11 0.08 7.20 5.40 7.30 0.00 2.09 Selected other : Brazil Oct : 10.24 55.00 0.50 40.00 47.50 9.00 9.24 Nov : 13.24 55.00 0.50 40.00 47.50 9.00 12.24 Canada Oct : 1.45 9.90 1.60 7.50 11.50 0.30 1.15 Nov : 1.45 9.90 1.60 7.50 11.50 0.30 1.15 China Oct : 38.88 156.00 0.10 113.00 158.00 0.50 36.48 Nov : 39.39 156.00 0.10 111.00 158.00 0.50 36.99 FSU-12 Oct : 1.25 18.12 0.33 12.53 14.26 3.18 2.25 Nov : 1.10 19.32 0.33 12.73 14.56 3.68 2.50 Ukraine Oct : 0.79 9.00 0.03 5.00 5.70 3.00 1.11 Nov : 0.64 9.50 0.03 5.00 5.70 3.50 0.96 =============================================================================== 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-464-24 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/ : 75.68 420.62 28.22 420.92 31.30 75.38 United States : 1.37 6.24 0.65 4.07 2.92 1.27 Total foreign : 74.31 414.38 27.57 416.85 28.37 74.11 Major exporters 4/ : 15.73 139.97 0.46 117.70 22.42 16.03 India : 10.52 93.35 0.00 86.94 5.50 11.43 Pakistan : 0.30 5.45 0.00 2.21 2.84 0.70 Thailand : 3.59 18.25 0.01 9.78 9.56 2.51 Vietnam : 1.32 22.92 0.45 18.78 4.52 1.39 Major importers 5/ : 12.80 60.07 11.90 70.21 0.42 14.13 Brazil : 0.90 7.70 0.75 7.96 0.23 1.16 EU-27 6/ : 1.18 1.69 1.17 2.76 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 9.78 1.80 12.00 0.00 4.87 Sel. Mideast 7/ : 1.51 2.13 3.21 5.20 0.05 1.60 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/ : 75.38 430.96 26.80 427.94 30.37 78.39 United States : 1.27 6.31 0.76 3.95 3.45 0.94 Total foreign : 74.11 424.64 26.04 424.00 26.92 77.45 Major exporters 4/ : 16.03 145.65 0.41 122.16 21.85 18.08 India : 11.43 96.43 0.00 90.76 4.10 13.00 Pakistan : 0.70 5.70 0.00 2.45 3.00 0.95 Thailand : 2.51 19.30 0.01 9.60 10.00 2.22 Vietnam : 1.39 24.22 0.40 19.35 4.75 1.91 Major importers 5/ : 14.13 61.74 10.38 72.61 0.60 13.05 Brazil : 1.16 8.20 0.50 8.43 0.43 1.00 EU-27 6/ : 1.14 1.68 1.10 2.75 0.15 1.02 Indonesia : 4.61 35.80 0.50 36.55 0.00 4.36 Nigeria : 0.60 3.00 1.55 4.65 0.00 0.50 Philippines : 4.87 10.08 2.70 13.10 0.00 4.55 Sel. Mideast 7/ : 1.60 2.38 2.76 5.20 0.02 1.52 Selected other : Burma : 0.60 10.73 0.05 10.30 0.45 0.63 C. Amer & Carib 8/ : 0.14 0.06 0.38 0.52 0.00 0.05 China : 35.92 130.22 0.30 127.50 1.00 37.94 Egypt : 0.37 4.39 0.02 3.66 0.45 0.67 Japan : 2.41 7.93 0.70 8.15 0.20 2.69 Mexico : 0.15 0.20 0.60 0.76 0.01 0.17 South Korea : 0.69 4.41 0.25 4.64 0.00 0.71 =============================================================================== 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-464-25 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/ : October : 77.69 433.23 26.53 430.38 28.33 80.54 November : 78.39 434.28 26.78 432.06 29.85 80.61 United States : October : 0.94 6.53 0.81 4.02 3.45 0.80 November : 0.94 6.51 0.81 4.02 3.42 0.81 Total foreign : October : 76.75 426.70 25.72 426.36 24.88 79.73 November : 77.45 427.77 25.97 428.03 26.43 79.80 Major exporters 4/ : October : 17.83 146.20 0.31 124.96 19.85 19.53 November : 18.08 146.80 0.31 124.74 21.20 19.25 India Oct : 13.00 97.00 0.00 93.50 2.00 14.50 Nov : 13.00 97.50 0.00 93.50 2.50 14.50 Pakistan Oct : 0.45 6.00 0.00 2.72 3.15 0.58 Nov : 0.95 6.30 0.00 2.70 4.00 0.55 Thailand Oct : 2.22 19.50 0.01 9.50 9.50 2.73 Nov : 2.22 19.50 0.01 9.50 9.50 2.73 Vietnam Oct : 2.16 23.70 0.30 19.24 5.20 1.72 Nov : 1.91 23.50 0.30 19.04 5.20 1.47 Major importers 5/ : October : 12.80 61.98 10.48 72.85 0.47 11.95 November : 13.05 61.88 10.59 72.85 0.47 12.20 Brazil Oct : 1.16 8.50 0.60 8.71 0.30 1.25 Nov : 1.00 8.30 0.60 8.71 0.30 0.89 EU-27 6/ Oct : 1.02 1.62 1.20 2.75 0.15 0.94 Nov : 1.02 1.63 1.20 2.75 0.15 0.95 Indonesia Oct : 4.26 36.25 0.80 36.85 0.00 4.46 Nov : 4.36 36.25 0.80 36.85 0.00 4.56 Nigeria Oct : 0.50 3.10 1.60 4.80 0.00 0.40 Nov : 0.50 3.30 1.60 4.80 0.00 0.60 Philippines Oct : 4.35 10.20 2.50 13.20 0.00 3.85 Nov : 4.55 10.20 2.50 13.20 0.00 4.05 Sel. Mideast 7/Oct : 1.42 1.59 2.82 4.79 0.02 1.00 Nov : 1.52 1.59 2.82 4.79 0.02 1.10 Selected other : Burma Oct : 0.63 9.80 0.03 10.00 0.20 0.26 Nov : 0.63 9.80 0.03 10.00 0.20 0.26 C. Am & Car. 8/Oct : 0.05 0.05 0.39 0.47 0.00 0.02 Nov : 0.05 0.05 0.39 0.47 0.00 0.02 China Oct : 37.72 130.55 0.33 127.65 1.10 39.85 Nov : 37.94 130.90 0.33 128.00 1.30 39.87 Egypt Oct : 0.67 4.39 0.02 3.63 0.80 0.65 Nov : 0.67 4.39 0.02 3.63 0.80 0.65 Japan Oct : 2.69 8.00 0.70 8.23 0.20 2.96 Nov : 2.69 8.00 0.70 8.23 0.20 2.96 Mexico Oct : 0.17 0.21 0.60 0.83 0.01 0.14 Nov : 0.17 0.21 0.60 0.83 0.01 0.14 South Korea Oct : 0.73 4.50 0.29 4.54 0.00 0.97 Nov : 0.71 4.60 0.29 4.54 0.00 1.06 =============================================================================== 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-464-26 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 : 62.26 121.99 37.46 123.48 37.12 -1.72 62.83 United States : 6.07 21.59 0.02 4.94 13.01 0.25 9.48 Total foreign : 56.19 100.40 37.44 118.54 24.11 -1.97 53.35 Major exporters 4/ : 19.82 45.69 2.27 27.44 20.37 -0.16 20.15 Central Asia 5/ : 2.21 8.19 0.31 1.51 6.93 0.00 2.27 Afr. Fr. Zone 6/ : 1.48 3.64 3/ 0.19 3.81 0.00 1.13 S. Hemis. 7/ : 6.55 9.86 0.95 5.78 4.09 -0.18 7.67 Australia : 1.94 1.35 3/ 0.06 2.13 -0.05 1.15 Brazil : 3.62 7.00 0.52 4.57 1.30 -0.15 5.41 India : 8.06 21.80 0.47 18.10 4.57 0.00 7.66 Major importers 8/ : 34.14 51.62 32.41 86.44 2.38 -1.81 31.16 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 3.80 4.00 7.30 0.21 0.00 1.96 Pakistan : 4.91 9.90 2.31 12.50 0.22 0.03 4.38 Indonesia : 0.37 0.03 2.20 2.18 0.02 0.05 0.35 Thailand : 0.41 0.02 1.91 1.95 0.00 0.03 0.35 Bangladesh : 0.46 0.06 2.48 2.48 0.00 0.01 0.51 : : 2007/08 (Estimated) : World : 62.83 120.54 38.04 123.37 38.69 -2.06 61.40 United States : 9.48 19.21 0.01 4.61 13.65 0.39 10.04 Total foreign : 53.35 101.33 38.03 118.76 25.04 -2.45 51.36 Major exporters 4/ : 20.15 47.18 1.57 27.75 21.62 -0.14 19.66 Central Asia 5/ : 2.27 8.35 0.04 1.58 6.58 0.00 2.50 Afr. Fr. Zone 6/ : 1.13 2.46 3/ 0.19 2.56 0.00 0.84 S. Hemis. 7/ : 7.67 9.31 0.53 5.83 3.94 -0.15 7.88 Australia : 1.15 0.62 3/ 0.05 1.22 -0.02 0.53 Brazil : 5.41 7.36 0.16 4.60 2.23 -0.15 6.25 India : 7.66 24.60 0.45 18.30 7.40 0.00 7.01 Major importers 8/ : 31.16 51.24 33.80 86.42 2.32 -2.31 29.77 Mexico : 1.03 0.62 1.53 2.00 0.22 0.03 0.93 China : 20.54 37.00 11.53 52.00 0.06 -2.50 19.50 EU-27 9/ : 0.83 1.51 1.58 1.81 1.36 0.05 0.70 Russia : 0.22 3/ 1.20 1.23 0.00 0.00 0.20 Turkey : 1.96 3.10 3.27 6.20 0.26 0.00 1.86 Pakistan : 4.38 8.90 3.80 12.40 0.30 0.03 4.35 Indonesia : 0.35 0.03 2.30 2.23 0.02 0.05 0.39 Thailand : 0.35 0.02 1.93 1.95 0.00 0.03 0.32 Bangladesh : 0.51 0.04 2.80 2.75 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, 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-464-27 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 : October : 61.50 113.76 36.19 122.31 36.14 -2.46 55.45 November : 61.40 112.87 35.19 119.33 35.21 -2.49 57.40 United States : October : 9.89 13.71 0.02 4.40 13.00 0.02 6.20 November : 10.04 13.53 0.02 4.40 13.00 -0.01 6.20 Total foreign : October : 51.61 100.05 36.17 117.91 23.14 -2.47 49.25 November : 51.36 99.34 35.18 114.93 22.21 -2.47 51.20 Major exporters 4/ : October : 19.90 47.10 1.53 27.55 20.13 -0.16 21.01 November : 19.66 46.42 1.51 27.09 19.27 -0.16 21.40 Central Asia 5/Oct : 2.50 7.63 0.05 1.61 6.13 0.00 2.45 Nov : 2.50 7.58 0.05 1.61 5.93 0.00 2.60 Afr. Fr. Zn. 6/Oct : 0.83 2.95 3/ 0.19 2.69 0.00 0.90 Nov : 0.84 2.60 3/ 0.19 2.43 0.00 0.81 S. Hemis 7/ Oct : 7.93 9.37 0.48 5.85 4.09 -0.18 8.02 Nov : 7.88 9.15 0.46 5.58 3.97 -0.18 8.11 Australia Oct : 0.53 1.20 3/ 0.05 0.95 -0.05 0.78 Nov : 0.53 1.30 3/ 0.05 0.95 -0.05 0.88 Brazil Oct : 6.25 6.50 0.20 4.60 2.55 -0.15 5.95 Nov : 6.25 6.25 0.20 4.40 2.45 -0.15 6.00 India Oct : 7.21 25.00 0.50 18.20 6.10 0.00 8.41 Nov : 7.01 25.00 0.50 18.00 5.90 0.00 8.61 Major importers 8/ : October : 29.79 49.83 32.03 85.79 1.89 -2.31 26.28 November : 29.77 49.83 31.09 83.31 1.84 -2.31 27.87 Mexico Oct : 0.93 0.68 1.35 1.90 0.18 0.03 0.86 Nov : 0.93 0.68 1.30 1.85 0.18 0.03 0.86 China Oct : 19.50 36.50 11.00 52.75 0.08 -2.50 16.68 Nov : 19.50 36.50 10.50 51.00 0.08 -2.50 17.93 EU-27 9/ Oct : 0.68 1.22 1.43 1.62 1.07 0.05 0.59 Nov : 0.70 1.22 1.38 1.57 1.02 0.05 0.65 Russia Oct : 0.20 3/ 1.10 1.10 0.00 0.00 0.20 Nov : 0.20 3/ 1.10 1.10 0.00 0.00 0.20 Turkey Oct : 1.86 2.30 3.00 5.40 0.20 0.00 1.56 Nov : 1.86 2.30 2.90 5.20 0.20 0.00 1.66 Pakistan Oct : 4.35 9.00 3.30 12.20 0.25 0.03 4.18 Nov : 4.35 9.00 3.30 12.00 0.25 0.03 4.38 Indonesia Oct : 0.39 0.03 2.23 2.23 0.02 0.05 0.35 Nov : 0.39 0.03 2.23 2.23 0.02 0.05 0.35 Thailand Oct : 0.34 0.02 1.90 1.90 0.00 0.03 0.33 Nov : 0.32 0.02 1.70 1.70 0.00 0.03 0.30 Bangladesh Oct : 0.58 0.06 2.95 2.95 0.00 0.01 0.63 Nov : 0.58 0.06 2.95 2.95 0.00 0.01 0.63 =============================================================================== 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-464-28 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/ : 53.08 237.33 69.05 195.90 225.28 71.50 62.68 United States : 12.23 86.77 0.25 49.20 53.24 30.39 15.62 Total foreign : 40.85 150.56 68.81 146.70 172.04 41.12 47.06 Major exporters 3/ : 33.27 114.00 2.05 66.24 70.80 37.54 40.98 Argentina : 16.47 48.80 1.99 33.59 35.09 9.56 22.61 Brazil : 16.64 59.00 0.05 31.11 34.02 23.49 18.19 Major importers 4/ : 5.82 18.53 55.41 59.33 74.89 0.52 4.35 China : 4.57 15.97 28.73 35.97 46.12 0.45 2.70 EU-27 : 0.73 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 3.84 3.90 3.93 0.00 0.04 : : 2007/08 (Estimated) World 2/ : 62.68 220.89 78.86 201.96 229.96 79.43 53.04 United States : 15.62 72.82 0.27 49.02 51.53 31.60 5.58 Total foreign : 47.06 148.07 78.59 152.94 178.43 47.83 47.46 Major exporters 3/ : 40.98 114.00 3.16 68.23 72.89 44.23 41.02 Argentina : 22.61 46.20 3.00 34.61 36.16 13.78 21.86 Brazil : 18.19 61.00 0.15 32.02 34.97 25.36 19.00 Major importers 4/ : 4.35 16.02 63.95 62.76 78.32 0.53 5.48 China : 2.70 14.00 37.81 39.52 49.82 0.45 4.24 EU-27 : 1.12 0.73 15.10 14.87 16.11 0.04 0.80 Japan : 0.27 0.23 4.01 2.89 4.22 0.00 0.29 Mexico : 0.04 0.08 3.65 3.70 3.74 0.00 0.03 : : 2008/09 (Projected) World 2/ : October : 52.68 238.21 77.15 204.88 235.18 78.53 54.34 November : 53.04 235.74 77.11 203.60 233.96 77.87 54.06 United States : October : 5.58 79.97 0.19 47.90 52.40 27.76 5.58 November : 5.58 79.49 0.19 47.49 51.92 27.76 5.58 Total foreign : October : 47.10 158.24 76.96 156.98 182.78 50.77 48.76 November : 47.46 156.25 76.92 156.11 182.04 50.11 48.49 Major exporters 3/ : October : 41.30 120.20 3.52 71.15 75.84 47.00 42.18 November : 41.02 117.70 3.57 69.95 74.69 46.30 41.30 Argentina Oct : 22.14 50.50 3.35 37.00 38.54 14.40 23.05 Nov : 21.86 50.50 3.40 36.20 37.79 15.20 22.77 Brazil Oct : 19.00 62.50 0.15 32.50 35.50 27.20 18.95 Nov : 19.00 60.00 0.15 32.10 35.10 25.70 18.35 Major importers 4/ : October : 4.82 18.46 61.44 63.14 78.82 0.47 5.42 November : 5.48 18.92 61.39 63.49 79.24 0.52 6.02 China Oct : 3.36 16.50 36.00 41.22 51.57 0.40 3.89 Nov : 4.24 16.80 36.00 41.47 51.87 0.45 4.72 EU-27 Oct : 1.02 0.65 14.15 13.55 14.74 0.04 1.05 Nov : 0.80 0.75 14.15 13.65 14.86 0.03 0.81 Japan Oct : 0.29 0.23 4.05 2.84 4.26 0.00 0.31 Nov : 0.29 0.23 4.05 2.84 4.26 0.00 0.31 Mexico Oct : 0.03 0.10 3.64 3.70 3.74 0.00 0.03 Nov : 0.03 0.16 3.59 3.70 3.74 0.00 0.04 =============================================================================== 1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and Paraguay. 4/ Japan, China, and EU, Mexico, and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand). WASDE-464-29 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/ : 6.10 153.78 52.49 151.82 54.27 6.28 United States : 0.29 39.06 0.14 31.18 7.99 0.31 Total foreign : 5.82 114.73 52.35 120.64 46.29 5.97 Major exporters 3/ : 3.60 55.45 0.17 13.56 41.80 3.86 Argentina : 1.67 26.06 0.00 0.59 25.63 1.52 Brazil : 1.47 24.11 0.17 11.12 12.72 1.91 India : 0.46 5.28 0.00 1.85 3.46 0.43 Major importers 4/ : 1.14 40.96 28.69 68.23 1.42 1.13 EU-27 : 0.87 11.55 22.18 33.19 0.55 0.86 China : 0.00 28.09 0.03 27.26 0.87 0.00 : : 2007/08 (Estimated) World 2/ : 6.28 158.29 54.94 157.49 55.31 6.72 United States : 0.31 38.32 0.13 30.15 8.35 0.27 Total foreign : 5.97 119.97 54.81 127.34 46.96 6.45 Major exporters 3/ : 3.86 58.28 0.18 14.59 43.35 4.37 Argentina : 1.52 27.07 0.00 0.62 26.42 1.55 Brazil : 1.91 24.82 0.17 12.05 12.14 2.72 India : 0.43 6.39 0.00 1.92 4.79 0.11 Major importers 4/ : 1.13 43.86 30.48 73.19 1.06 1.22 EU-27 : 0.86 11.72 23.90 34.99 0.42 1.07 China : 0.00 30.86 0.20 30.43 0.63 0.00 : : 2008/09 (Projected) World 2/ : October : 6.59 161.58 55.51 159.94 57.45 6.30 November : 6.72 160.10 55.13 159.39 56.15 6.42 United States : October : 0.27 37.95 0.15 30.30 7.80 0.27 November : 0.27 37.64 0.15 29.98 7.80 0.27 Total foreign : October : 6.32 123.63 55.36 129.64 49.64 6.03 November : 6.45 122.46 54.98 129.41 48.35 6.14 Major exporters 3/ : October : 4.44 60.54 0.18 15.11 45.90 4.15 November : 4.37 59.50 0.18 15.29 44.61 4.15 Argentina Oct : 1.65 29.05 0.00 0.68 28.40 1.62 Nov : 1.55 28.31 0.00 0.66 27.66 1.55 Brazil Oct : 2.72 25.19 0.18 12.80 12.80 2.49 Nov : 2.72 24.88 0.18 12.79 12.50 2.48 India Oct : 0.07 6.31 0.00 1.63 4.70 0.05 Nov : 0.11 6.31 0.00 1.84 4.45 0.12 Major importers 4/ : October : 1.01 44.59 29.98 73.63 0.96 0.99 November : 1.22 44.46 29.78 73.39 0.96 1.10 EU-27 Oct : 0.86 10.67 23.00 33.34 0.35 0.83 Nov : 1.07 10.75 22.80 33.32 0.35 0.95 China Oct : 0.00 32.60 0.20 32.20 0.60 0.00 Nov : 0.00 32.39 0.20 31.99 0.60 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-464-30 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/ : 3.37 36.32 9.78 35.67 10.57 3.22 United States : 1.37 9.29 0.02 8.43 0.85 1.40 Total foreign : 2.00 27.02 9.76 27.24 9.72 1.82 Major exporters 3/ : 1.00 15.03 0.98 7.45 8.68 0.89 Argentina : 0.49 6.42 0.00 0.57 5.97 0.38 Brazil : 0.31 5.97 0.00 3.51 2.46 0.32 EU-27 : 0.19 2.64 0.98 3.37 0.24 0.20 Major importers 4/ : 0.43 7.53 3.84 11.23 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 0.03 0.03 0.00 0.00 : : 2007/08 (Estimated) World 2/ : 3.22 37.50 10.34 37.43 10.79 2.85 United States : 1.40 9.33 0.03 8.29 1.35 1.12 Total foreign : 1.82 28.17 10.31 29.14 9.44 1.73 Major exporters 3/ : 0.89 15.44 1.02 8.07 8.40 0.89 Argentina : 0.38 6.63 0.00 0.98 5.67 0.35 Brazil : 0.32 6.15 0.07 3.80 2.39 0.35 EU-27 : 0.20 2.67 0.95 3.29 0.34 0.19 Major importers 4/ : 0.46 8.40 3.48 11.91 0.11 0.32 China : 0.25 6.97 2.73 9.61 0.10 0.23 India : 0.21 1.43 0.70 2.24 0.01 0.09 Pakistan : 0.00 0.01 0.05 0.06 0.00 0.00 : : 2008/09 (Projected) World 2/ : October : 2.68 38.11 10.04 37.84 10.52 2.48 November : 2.85 37.81 9.94 37.75 10.32 2.53 United States : October : 1.08 9.10 0.02 8.21 1.07 0.93 November : 1.12 9.02 0.02 8.21 1.04 0.91 Total foreign : October : 1.60 29.01 10.02 29.63 9.45 1.55 November : 1.73 28.78 9.92 29.54 9.28 1.62 Major exporters 3/ : October : 0.88 15.75 0.79 8.11 8.45 0.87 November : 0.89 15.54 0.79 8.08 8.30 0.84 Argentina Oct : 0.35 7.08 0.00 1.15 5.90 0.37 Nov : 0.35 6.92 0.00 1.15 5.75 0.37 Brazil Oct : 0.35 6.24 0.07 4.01 2.30 0.34 Nov : 0.35 6.16 0.07 3.96 2.30 0.31 EU-27 Oct : 0.19 2.44 0.72 2.94 0.25 0.15 Nov : 0.19 2.46 0.72 2.96 0.25 0.15 Major importers 4/ : October : 0.32 8.77 3.45 12.10 0.08 0.37 November : 0.32 8.77 3.45 12.10 0.08 0.37 China Oct : 0.23 7.36 2.50 9.74 0.07 0.28 Nov : 0.23 7.36 2.50 9.74 0.07 0.28 India Oct : 0.09 1.41 0.90 2.30 0.01 0.09 Nov : 0.09 1.41 0.90 2.30 0.01 0.09 Pakistan Oct : 0.00 0.01 0.05 0.06 0.00 0.00 Nov : 0.00 0.01 0.05 0.06 0.00 0.00 =============================================================================== 1/ Data based on local marketing years except for Argentina and Brazil which are adjusted to an October-September year. 2/ World imports and exports may not balance due to differences in local marketing years and to time lags between reported exports and imports. Therefore, world supply may not equal world use. 3/ Argentina, Brazil and EU. 4/ India, China and Pakistan. WASDE-464-31 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 : 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 : 6897 5593 12568 9432 1565 11144 23712 1860 48.7 III : 6911 5631 12619 9452 1571 11172 23791 1874 46.8 IV* : 6520 6205 12804 9150 1590 10885 23689 1910 46.7 Annual : Oct Proj : 26703 23531 50548 37165 6256 43988 94536 7535 189.6 Nov Proj : 26699 23452 50465 37142 6267 43985 94450 7514 189.8 : 2009 : I* : 6305 5910 12294 8945 1505 10585 22879 1860 47.8 II* : 6835 5470 12385 9345 1530 11005 23390 1860 49.3 III* : 6970 5540 12587 9250 1515 10900 23487 1890 47.2 Annual : Oct Proj : 26650 23145 50109 36740 6105 43375 93484 7560 191.1 Nov Proj : 26650 23075 50039 36740 6105 43375 93414 7540 191.5 =============================================================================== * 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 : 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 : 92.82 52.51 80.6 88.9 117.3 18.57 III : 98.45 57.27 80.6