World Agricultural Supply and Demand Estimates: United States Department of Agriculture

World Agricultural Supply
and Demand Estimates

ISSN:1554-9089
Office of the
Chief Economist
WASDE-459
United States Department of Agriculture

Agricultural Marketing Service
Farm Service Agency
Approved by the World Agricultural Outlook Board
Economic Research Service

Foreign Agricultural Service
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 years crop and in line with recently released estimates for 2007/08 and
2006/07 from Chinas 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 months reduction reflects slow planting progress, slow crop emergence,
WASDE-459-2
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-millionton 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 Chinas 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
WASDE-459-3
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. Burmas 2008/09 rice crop is lowered 0.6 million tons to 9.4 million tons. The decline in
Burmas 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 months 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.
WASDE-459-4
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.
WASDE-459-5
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 Services
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. USDAs 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
WASDE-459-6
INTERAGENCY COMMODITY ESTIMATES COMMITTEES
Note: The World Agricultural Outlook Board reviews and approves the World Agricultural
Supply and Demand Estimates (WASDE) report. The Boards 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 OMeara, 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.
WASDE-459-7
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
: 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
===============================================================================
Item
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
: 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
: 1,304
1,433
763
673
CCC inventory
:
0
0
Free stocks
: 1,304
1,433
Outstanding loans
:
116
160
:
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
:
45
35
60
60
Total domestic
:
154
210
250
260
Exports
:
157
265
160
160
Use, total
:
311
475
410
420
:
32
62
57
57
:
3.29 4.10- 4.30
4.70- 5.70
4.95- 5.95
:
BARLEY
:
:
3.5
4.0
4.1 *
4.1 *
:
3.0
3.5
3.6 *
3.6 *
:
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
:
156
145
145
145
Total domestic
:
211
205
210
210
Exports
:
20
40
25
25
Use, total
:
231
245
235
235
:
69
59
79
79
:
2.85
4.00
5.70- 6.70
5.75- 6.75
:
OATS
:
:
4.2
3.8
3.4 *
3.4 *
:
1.6
1.5
1.4 *
1.4 *
:
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
:
74
75
75
75
Total domestic
:
199
210
190
190
Exports
:
3
3
3
3
Use, total
:
202
212
193
193
:
51
45
47
47
:
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
50.0052.00:
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
280.00295.00:
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/
===============================================================================
:
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
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
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.)
===============================================================================
:
Supply
:
Use
:
:=========================:=======================:Ending
Region
:
:
:
: Domestic 2/ :
:stocks
:Beginning:Produc-:
:===============:
:
===============================================================================
:
:
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
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
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
===============================================================================
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/
===============================================================================
:
Supply
:
Use
:
:=========================:=======================:Ending
Region
:
:
:
: Domestic 2/ :
:stocks
:Beginning:Produc-:
:===============:
:
===============================================================================
:
:
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
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
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
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
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.)
===============================================================================
:
Supply
:
Use
:
:=========================:=======================:Ending
Region
:
:
:
: Domestic 2/ :
:stocks
:Beginning:Produc-:
:===============:
:
===============================================================================
:
:
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
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
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/
===============================================================================
:
Supply
:
Use
:
:=========================:=======================:Ending
Region
:
:
:
: Domestic 2/ :
:stocks
:Beginning:Produc-:
:===============:
:
===============================================================================
:
:
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
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
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
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
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.)
===============================================================================
:
Supply
:
Use
:
:=========================:=======================:Ending
Region
:
:
:
: Domestic 2/ :
:stocks
:Beginning:Produc-:
:===============:
:
===============================================================================
:
:
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
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
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/
===============================================================================
:
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
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
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
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
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
===============================================================================
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.)
===============================================================================
:
Supply
:
Use
:
:=========================:===================: Ending
Region
:
:
:
:
:
: stocks
:Beginning:Produc-:
: Total 2/:
:
===============================================================================
:
:
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
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
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
===============================================================================
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
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
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
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
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
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
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/
===============================================================================
:
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
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
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
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
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
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
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/
===============================================================================
:
Supply
:
Use
:
:=========================:===================: Ending
Region
:
:
:
:
:
: stocks
:Beginning:Produc-:
: Total
:
:
===============================================================================
:
:
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
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
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
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
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
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
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/
===============================================================================
:
Supply
:
Use
:
:=========================:===================: Ending
Region
:
:
:
:
:
: stocks
:Beginning:Produc-:
: Total
:
:
===============================================================================
:
:
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
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
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
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
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
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
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
===============================================================================
:
:
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
==============================================================================
:
:
:
:
:-----------------:-------------------Commodity
: 2006 : 2007 :
May :
Jun :
May :
Jun
==============================================================================
:
Dollars per pound
:
Product Prices 1/
:
Cheese
: 1.2470 1.7380
1.8201.9401.7901.805:
1.870
1.980
1.890
1.905
:
Butter
: 1.2193 1.3441
1.3351.3451.3551.350:
1.415
1.415
1.485
1.480
:
Nonfat dry milk
: 0.8928 1.7083
1.3601.3601.4701.475:
1.400
1.400
1.540
1.545
:
Dry whey
: 0.3285 0.6004
0.2750.2850.2950.320:
0.305
0.305
0.325
0.350
:
:
Dollars per cwt
Milk Prices 2/
:
Class III
: 11.89
18.04
17.0018.1516.8017.10:
17.50
18.55
17.80
18.10
:
Class IV
: 11.06
18.36
15.4515.5516.5016.55:
16.05
16.05
17.60
17.65
:
All milk 3/
: 12.88
19.13
17.9518.9017.9018.15:
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)
===============================================================================
Commodity and :=============================================================
region
: Avg. : Avg. :
Difference
===============================================================================
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/
===============================================================================
Commodity and :=============================================================
region
: Avg. : Avg. :
Difference
===============================================================================
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
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
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
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
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
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.
WASDE-459-38
Related USDA Reports

The WASDE report incorporates information from a number of
statistical reports published by USDA and other government agencies.
In turn, the WASDE report provides a framework for more detailed
reports issued by USDAs Economic Research Service and Foreign
Agricultural Service. For more information on how the WASDE report
is prepared, go to: http://www.usda.gov/oce/commodity/wasde.
Supply and Demand Database

The Foreign Agricultural Service publishes Production, Supply, and
Demand Online, a comprehensive database of supply and demand
balances by commodity for 190 countries and regions at
http://www.fas.usda.gov/psd/online. Data for grains, oilseeds, and
cotton are updated monthly and data for other commodities are
updated less frequently.
Foreign Production Assessments

Preliminary foreign production assessments and satellite imagery
analysis used to prepare the WASDE report are provided by the
Production Estimates and Crop Assessment Division (PECAD) of FAS.
PECAD is located at www.pecad.fas.usda.gov/.
Metric Conversion Factors

1 Hectare = 2.4710 Acres
1 Kilogram = 2.20462 Pounds
Metric-Ton Equivalent
Wheat & Soybeans

Rice
Corn, Sorghum, & Rye
Barley
Oats
Sugar
Cotton
= Domestic Unit
Factor
bushels
cwt
bushels
bushels
bushels
short tons
480-lb bales
.027216
.045359
.025401
.021772
.014515
.907185
.217720
UNITED STATES DEPARTMENT OF AGRICULTURE

WORLD AGRICULTURAL OUTLOOK BOARD
WASHINGTON, D.C. 20250-3812
_________________
OFFICIAL BUSINESS
Penalty for Private Use, $300
FIRST-CLASS MAIL
POSTAGE & FEES PAID
USDA
PERMIT NO. G-289
World Agricultural Supply and Demand Estimates

WASDE-459 - June 10, 2008
Electronic Access: Download the WASDE report at

http://usda.mannlib.cornell.edu/. Get a free e-mail subscription to the WASDE
and other USDA crop reports at http://usda.mannlib.cornell.edu. Select the
Reports by E-Mail bar to sign up.
Subscriptions: For print subscriptions, call the National Technical Information
Service (NTIS) at 1-800-999-6779 or 703-605-6220.
The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and
activities on the basis of race, color, national origin, gender, religion, age, disability, political
beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all
programs.) Persons with disabilities who require alternative means for communication of
program information (Braille, large print, audiotape, etc.) should contact USDAs TARGET
Center at 202-720-2600 (voice and TDD).
To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, Room 326-W,
Whitten Building, 1400 Independence Avenue, SW, Washington, DC 20250-9410 or call (202)
720-5964 (voice or TDD). USDA is an equal opportunity provider and employer.

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World Agricultural Supply

and Demand Estimates

United States Department of Agriculture

Approved by the World Agricultural Outlook Board

Economic Research Service

June 10, 2008

INTERAGENCY COMMODITY ESTIMATES COMMITTEES

In 2008, the WASDE report will be released on July 11,

World and U.S. Supply and Use for Cotton 1/

U.S. Wheat by Class: Supply and Use

U.S. Quarterly Prices for Animal Products 1/

Related USDA Reports

Supply and Demand Database

Foreign Production Assessments

Metric Conversion Factors

Wheat & Soybeans

UNITED STATES DEPARTMENT OF AGRICULTURE

World Agricultural Supply and Demand Estimates

Electronic Access: Download the WASDE report at

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