World Agricultural Supply & Demand Oct 2010

8/8/2019 World Agricultural Supply & Demand Oct 2010

1/40

ISSN: 1554-9089

World Agricultural Supplyand Demand EstimatesUnited States Department of Agriculture

Office of theChief Economist

Agricultural Marketing ServiceFarm Service Agency

Economic Research ServiceForeign Agricultural Service

WASDE - 487 Approved by the World Agricultural Outlook Board October 8, 2010

WHEAT: U.S. wheat ending stocks for 2010/11 are projected 49 million bushels lower thismonth with lower estimated production and higher expected feed and residual use. Productionis lowered 41 million bushels based on the Small Grains 2010 Summaryreport. Feed andresidual use is raised 10 million bushels on higher-than-expected disappearance during theJune-August quarter as indicated by the September 1 stocks. Higher carryin with smallupward revisions to estimated 2009/10 production and ending stocks are partly offsetting. The2010/11 season-average farm price is projected at $5.20 to $5.80 per bushel compared with$4.95 to $5.65 per bushel last month.

Global wheat supplies for 2010/11 are projected 1.0 million tons lower mostly reflecting lowerproduction in the United States. World production for 2010/11 is projected at 641.4 milliontons, down 1.6 million tons from last month; however, beginning stocks are raised 0.6 milliontons with upwardly revised 2009/10 production estimates for South America and Canada. For2010/11, production is lowered 0.5 million tons for Mexico and 0.3 million tons each for Algeriaand Canada. Production is raised 0.5 million tons for Europe and 0.3 million tons for Ethiopia.

World wheat trade for 2010/11 is nearly unchanged this month. Imports are raised for NorthAfrica and Mexico, but lowered for EU-27 and Iran. Exports are raised for Uruguay, butlowered for Mexico. World exports for 2009/10 are raised 1.6 million tons on the latest

available trade data. Large late-season shipments boost 2009/10 Argentina and EU-27exports 1.0 million tons and 0.6 million tons, respectively.

Global consumption is raised 2.1 million tons for 2010/11 with higher expected feed use forEU-27, Canada, and the United States. Global ending stocks for 2010/11 are projected 3.1million tons lower with the largest reductions for EU-27 and the United States. Otherreductions include Canada, Uruguay, Syria, and Iran. Ending stocks are projected higher forBrazil and Egypt. At the projected 174.7 million tons, 2010/11 stocks remain 50.2 million tonsabove the recent low in 2007/08.

COARSE GRAINS: U.S. feed grain production for 2010/11 is projected lower this month

based on reduced forecasts for corn and sorghum and smaller production estimates for barleyand oats from the Small Grains 2010 Summaryreport. Corn production is forecast 496 millionbushels lower as a 258,000-acre increase in harvested area is more than offset by a 6.7-bushel-per-acre reduction in yield. As forecast, this years yield and production still would bethe third highest on record.

Higher 2010/11 corn beginning stocks raise prospects for 2010/11 feed and residualdisappearance, especially during the September-December quarter. Ending stocks for2009/10 are raised 322 million bushels based on the September 1 stocks estimate. Larger-than-expected carryout of old-crop corn combined with an unusually early start to this years


2/40

WASDE-487-2

harvesting suggest heavy new-crop corn use before the September 1 beginning of the 2010/11marketing year. Individual state harvest progress reports suggest that 600-700 million bushelsof corn were harvested across the South, Southern Plains, and southern Corn Belt beforeSeptember 1. This is about double the level of the preceding 2 years and similar to whathappened between the 2006/07 and 2007/08 marketing years. New-crop corn usage ahead ofSeptember 1, 2007, lowered feed and residual disappearance during the June-August quarter

of 2006/07 and boosted feed and residual disappearance during the September-Decemberquarter of 2007/08.

Despite the increase in 2010/11 beginning stocks, lower forecast production and higherprojected domestic disappearance leave ending stocks down sharply from last month. Feedand residual use for 2010/11 is projected 150 million bushels higher reflecting the expectedimpact of new-crop corn usage before September 1 on indicated disappearance during thecurrent marketing year. Exports are lowered 100 million bushels with tighter availablesupplies, higher prices, and increased competition from Argentina. U.S. ending stocks for2010/11 are projected 214 million bushels lower at 902 million. The season-average farmprice is projected at $4.60 to $5.40 per bushel, up 60 cents on both ends of the range.

A number of changes are made this month to 2009/10 corn usage with the biggest a 358-million bushel reduction in feed and residual use as indicated by the September 1 stocks andsmall upward revisions to exports and food, seed, and industrial (FSI) use based on the latestavailable data. Sorghum FSI use and exports for 2009/10 are also lowered slightly this month.Changes to 2009/10 feed and residual use for barley and oats reflect small revisions to June 1stocks from the September 30 Grain Stocksreport.

Global coarse grain supplies for 2010/11 are nearly unchanged with lower U.S. supplies offsetby increased foreign coarse grain production. World corn production is lowered 6.4 milliontons with the lower U.S. production and a 0.5-million-ton reduction for Russia only partly offset

by increases for Argentina, Serbia, EU-27, and several Sub-Saharan Africa countries.Production for Argentina is raised 4.0 million tons on higher expected area as rising corn pricesand favorable early season soil moisture support a rapid pace of early corn planting. Globalbarley production is lowered 1.4 million tons with reductions of 0.7 million tons for EU-27, 0.5million tons for Russia, and 0.3 million tons for Canada.

Global coarse grain exports for 2010/11 are increased this month mostly reflecting higherexpected corn exports from Argentina, which are raised 3.5 million tons, along with smallincreases for Paraguay, Mexico, and Zambia. Corn imports are increased for Turkey,Colombia, Indonesia, and South Korea supporting higher expected corn feeding in thesecountries. Global corn ending stocks for 2010/11 are projected 3.2 million tons lower thismonth despite increases for Argentina, EU-27, Zambia, and Iran. The reduction in U.S. cornending stocks outweighs these increases.

RICE: U.S. rice production in 2010/11 is forecast at a record 242.3 million cwt, but down 13.1million from last month due entirely to a decrease in yield. Average yield is estimated at 6,687pounds per acre, down 360 pounds from last month, and the lowest yield since 2005/06.Harvested area is unchanged at 3.62 million acres. Long-grain production is forecast at arecord 182.0 million cwt, 9.8 million below last month, and combined medium- and short-grainproduction is forecast at 60.3 million, down 3.25 million. The import and domestic- andresidual-use forecasts are unchanged from a month ago. The total rice export projection at119 million cwt is unchanged from a month ago; however, the rough rice export projection is


3/40

WASDE-487-3

raised 1.0 million, and the combined milled- and brown-export forecast (rough-equivalentbasis) is lowered the same amount. Total rice ending stocks are projected at 52.5 million cwt,down 13.1 million from last month and the largest stocks since 1985/86.

The 2010/11 all rice season-average price is forecast at $12.10 to $13.10 per cwt, up $1.80per cwt on both ends of the range compared to $14.00 per cwt for 2009/10. The long-grain

season-average price range is projected at $10.50 to $11.50 per cwt, up $2.00 per cwt oneach end of the range compared to $12.80 per cwt for last year. The combined medium- andshort-grain price range is projected at $17.30 to $18.30 per cwt, up $1.30 per cwt on each endcompared to $17.70 per cwt for 2009/10. The price increase is due to a smaller U.S. crop,higher global prices, and a weaker dollar.

Projected global 2010/11 rice production and consumption are lowered from a month ago, andtrade and stocks are little changed. World rice production is forecast at a record 452.5 milliontons, down 2.1 million from a month ago mostly owing to decreases in the United States,Burma, and India. Indias 2010/11 rice crop is lowered 2.0 million tons to 97.0 million duemostly to below normal monsoon rains in the east. Global consumption is lowered 1.7 million

tons owing to a reduction in India. Global 2010/11 ending stocks are projected at 94.3 milliontons, down 0.3 million from last month, and nearly the same as 2009/10.

OILSEEDS: U.S. oilseed production for 2010/11 is projected at 102.8 million tons, down 2million from last month. Soybean production is forecast at 3.408 billion bushels, down 75million based on both lower harvested area and yield. Harvested area is reduced 1.2 millionacres to 76.8 million. The soybean yield is projected at 44.4 bushels per acre, down 0.3bushels. Sunflowerseed and peanut production are also projected lower this month whilecanola and cottonseed production are projected higher.

U.S. soybean exports are increased 35 million bushels to 1.520 billion reflecting strong export

sales and reduced export prospects for Argentina resulting from lower beginning stocks.Soybean crush is raised 15 million bushels to 1.665 billion due to improved prospects fordomestic soybean meal disappearance and to a small reduction in the projected soybean mealextraction rate. The September 1 soybean stocks estimate confirmed a third consecutivemarketing year of relatively low residual use. For 2010/11 residual use is reduced to 32 millionbushels, down 38 million from the previous estimate. Soybean ending stocks are projected at265 million bushels, down 85 million from last month.

Prices for soybeans and products are all raised this month, supported by strong prices forcorn. The U.S. season-average soybean price range for 2010/11 is projected at $10.00 to$11.50 per bushel, up 85 cents on both ends of the range. The soybean meal price isprojected at $290 to $330 per short ton, up $20 on both ends of the range. The soybean oilprice range is projected at 39.5 to 43.5 cents per pound, up 2 cents on both ends.

Global oilseedproduction for 2010/11 is projected at 440.6 million tons, unchanged from lastmonth. Global soybean production is projected at 255.3 million tons, up 0.4 million. Brazilsoybean production is raised to 67 million tons, up 2 million due to increased area. Indiasoybean production is raised 0.4 million tons to 9.2 million, also due to increased harvestedarea. Global sunflowerseed production is reduced this month as lower production for Russia isonly partly offset by an increase for Ukraine. Other changes include increased cottonseedproduction for Australia and India. Global oilseed stocks for 2010/11 are reduced 1.7 million


4/40

WASDE-487-4

tons to 71.4 million. Soybeans account for most of the change, with a reduction for the UnitedStates partly offset by projected increases for Brazil and China.

SUGAR: Projected U.S. sugar supply for fiscal year 2010/11 is increased 63,000 short tons,raw value, from last month, due to higher beginning stocks more than offsetting lowerproduction. Florida cane sugar production is reduced 65,000 tons to match processor

production projections, while Hawaii is increased 35,000 tons to be in line with the previousyear=s estimate. Sugar use is increased 100,000 tons, in line with the increase for 2009/10.

For 2009/10, U.S. supplies are increased 208,000 tons, due to higher production and imports.Production is increased 98,000 tons to account for larger-than-expected September output ofU.S. beet sugar and Hawaii cane sugar. Imports are increased 110,000 tons, mainly due tohigher imports from Mexico. Total use is increased 115,000 tons to reflect the strong demandfor imported sugar and minor changes in sugar exports and deliveries for re-export products.Ending stocks are increased 93,000 tons, to 1.6 million tons or 14.4 percent of total use.

LIVESTOCK, POULTRY, AND DAIRY: The forecast of total U.S. meat production is raised for

2010 but lowered for 2011. Beef and broiler production forecasts for 2010 are raised assecond half production is higher than previously expected, but the pork production forecast isreduced due to lower slaughter and slower growth in slaughter weights. The 2011 beefproduction forecast is raised primarily in the first quarter as larger-than-expected third quarter2010 placements are marketed. Pork production for 2011 is lowered from last month asrelatively high feed prices are expected to keep the growth in sows farrowing modest anddampen hog weights. Broiler and turkey production forecasts for 2011 are lowered from lastmonth as higher feed prices slow growth. Likewise, egg production for 2011 is forecast lower.

Beef import forecasts are lowered for 2010 and 2011 as supplies in Oceania are expected tobe relatively tight while foreign demand strengthens. Export forecasts for beef are raised on

continuing strong sales to a number of markets. Pork and poultry trade forecasts areunchanged from last month.

The cattle price forecasts for 2010 and 2011 are virtually unchanged. Hog prices are forecasthigher on tighter supplies for both 2010 and 2011. The broiler price for 2010 is forecast loweron increased production, but the price forecast is raised slightly for 2011 on reduced output.Egg prices for 2010 and 2011 are forecast lower.

Forecast milk production for 2010 is raised slightly from last month as higher milk per cowmore than offsets lower cow numbers. The forecast for 2011 is reduced as higher feed pricesare expected to slow the rate of growth in cow numbers and milk per cow compared with lastmonth. Import and export forecasts are unchanged. Fat basis stocks are reduced for 2010 asstocks of butter are forecast to be tight. Skim solids stocks are unchanged.

Continued strength in demand for cheese and relatively tight supplies of butter support higherforecast prices for 2010 and 2011. Price forecasts for nonfat dry milk (NDM) are raised for2010 and 2011 as supplies are tighter. The 2010 whey price forecast is increased slightly butis unchanged for 2011. Both Class III and Class IV price forecasts for 2010 and 2011 areraised due to the higher product prices. The all milk price is forecast to average $16.45 to$16.55 per cwt for 2010 and $16.00 to $16.90 per cwt for 2011.


5/40

WASDE-487-5

COTTON: This months U.S. cotton supply and demand estimates are virtually unchangedfrom last month. Production is raised marginally, as increases for the Delta and Southwest arenearly offset by reductions for the Southeast. Domestic mill use and exports are unchanged.Ending stocks remain at 2.7 million bales, the equivalent of 14 percent of total use. Theforecast range for the marketing-year average price received by producers is forecast at 67 to

79 cents per pound, compared with 63 to 77 cents last month. At the midpoint of the range,the forecast is 10 cents above the final 2009/10 marketing-year average price of 62.9 cents perpound.

Slight adjustments to the world cotton estimates for 2010/11 result in slightly lower endingstocks compared with last month. Higher production in Argentina, Australia, and Turkey ismore than offset by a 1.0-million-bale reduction for China, which is based mainly on lower areaas reported by Chinese agencies. Chinas beginning stocks also are reduced as the currentsevere shortage suggests that consumption in 2009/10 was higher than previously forecast.Estimates of total world consumption and trade are raised slightly. World ending stocks arenow forecast at 44.7 million bales, down about 2.0 million bales from the beginning level.

Compared to last season, Chinas stocks are forecast to fall by 3.5 million bales, while stocksare expected to rise in Brazil, India, and Australia.

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 EstimatesCommittees.

APPROVED BY:

KATHLEEN A. MERRIGANACTING SECRETARY OF AGRICULTURE


6/40

WASDE-487-6

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: [email protected] Vocke, ERS; Teresa McKeivier, FAS; William Chambers, FSA.

Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail: [email protected] Childs, ERS; Debbie Rubas, FAS; Mark Simone, FSA.

Feed Grains: Jerry Norton, ICEC Chair, WAOB, E-mail: [email protected] Baker, ERS; Richard O=Meara, FAS; Pete Riley, FSA.

Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected] Ash, ERS; Bill George, FAS; Max Fisher, FSA.

Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail: [email protected] Earnest, AMS; Leslie Meyer, ERS; James Johnson, FAS; Steven Neff, FSA.

Sugar: John Love, ICEC Chair, WAOB, E-mail: [email protected] Haley, ERS; Ron Lord, FAS; Barbara Fecso, FSA.

Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Wise, AMS; Kenneth Mathews, ERS; Claire Mezoughem, FAS; Dale Leuck, FSA.

Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Haller, AMS; David Harvey, ERS; Anneke Gustafson, FAS; Milton Madison, FSA.

Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected] Cessna, AMS; Roger Hoskin, ERS; Paul Kiendl, FAS; Milton Madison, FSA.

In 2010, the WASDEreport will be released on Nov. 9 and Dec. 10.In 2011, the WASDEreport will be released on Jan. 12, Feb. 9, Mar. 10,Apr. 8, May 11, Jun. 9, Jul. 12, Aug. 11, Sep. 12, Oct. 12, Nov. 9, Dec. 9.


7/40

WASDE-487-7

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 ............................................................15U.S. Sugar Supply & Use.....................................................................................16

Mexico Sugar Supply and Use.............................................................................16

U.S. Cotton Supply & Use....................................................................................17

World Wheat Supply & Use..................................................................................18

World Coarse Grains Supply & Use .....................................................................20

World Corn Supply & Use ....................................................................................22

World Rice Supply & Use.....................................................................................24

World Cotton Supply & Use .................................................................................26

World Soybean Supply & Use.............................................................................. 28World 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


8/40

WASDE-487-8 October 2010

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/ :2008/09 : 2,241.09 2,609.84 285.69 2,159.03 450.81

2009/10 (Est.) : 2,229.41 2,680.22 283.64 2,190.47 489.752010/11 (Proj.) :September : 2,195.27 2,674.93 273.54 2,235.83 439.11October : 2,182.76 2,672.51 275.54 2,240.20 432.31

Wheat :2008/09 : 683.26 807.64 143.66 642.30 165.332009/10 (Est.) : 682.15 847.48 135.32 650.96 196.532010/11 (Proj.) :

September : 643.01 838.98 126.03 661.19 177.79October : 641.44 837.97 126.23 663.31 174.66

Coarse grains 4/ :2008/09 : 1,109.68 1,273.42 113.06 1,079.05 194.372009/10 (Est.) : 1,105.76 1,300.12 118.22 1,101.36 198.772010/11 (Proj.) :

September : 1,097.66 1,287.03 116.57 1,120.27 166.76October : 1,088.77 1,287.54 118.49 1,124.17 163.36

Rice, milled :2008/09 : 448.15 528.78 28.97 437.67 91.11

2009/10 (Est.) : 441.51 532.61 30.09 438.16 94.462010/11 (Proj.) :September : 454.60 548.92 30.95 454.37 94.56October : 452.54 547.00 30.83 452.71 94.29

:: United States

Total grains 3/ :2008/09 : 400.28 461.70 81.58 314.23 65.892009/10 (Est.) : 416.50 488.53 82.29 330.41 75.832010/11 (Proj.) :


Wheat :2008/09 : 68.02 79.80 27.64 34.29 17.872009/10 (Est.) : 60.37 81.46 23.98 30.93 26.552010/11 (Proj.) :


Coarse grains 4/ :2008/09 : 325.87 373.98 50.94 275.98 47.062009/10 (Est.) : 349.22 398.58 54.85 295.61 48.132010/11 (Proj.) :


Rice, milled :2008/09 : 6.40 7.93 3.00 3.96 0.962009/10 (Est.) : 6.92 8.48 3.47 3.86 1.152010/11 (Proj.) :


===============================================================================1/ Aggregate of local marketing years. 2/ Based on export estimate. Seeindividual 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).


9/40


World and U.S. Supply and Use for Grains, Continued 1/Million Metric Tons


Commodity : Output : Supply : Trade 2/ : Use : Stocks===============================================================================

:: Foreign 3/

Total grains 4/ :2008/09 : 1,840.81 2,148.13 204.10 1,844.80 384.922009/10 (Est.) : 1,812.91 2,191.69 201.35 1,860.06 413.922010/11 (Proj.) :

September : 1,776.38 2,183.28 178.13 1,898.22 380.47October : 1,779.09 2,187.60 182.68 1,899.52 380.95

Wheat :2008/09 : 615.24 727.84 116.03 608.01 147.472009/10 (Est.) : 621.78 766.02 111.35 620.02 169.982010/11 (Proj.) :


Coarse grains 5/ :2008/09 : 783.81 899.44 62.12 803.07 147.312009/10 (Est.) : 756.54 901.54 63.38 805.74 150.642010/11 (Proj.) :


Rice, milled :2008/09 : 441.75 520.85 25.96 433.71 90.152009/10 (Est.) : 434.59 524.13 26.62 434.29 93.302010/11 (Proj.) :


===============================================================================1/ Aggregate of local marketing years. 2/ Based on export estimate. Seeindividual commodity tables for treatment of export/import imbalances. 3/Total foreign is equal to world minus United States. 4/ Wheat, coarse grainsand milled rice. 5/ Corn, sorghum, barley, oats, rye, millet and mixedgrains.

World and U.S. Supply and Use for Cotton 1/Million 480-lb. bales

===============================================================================

: : Total : : Total : EndingCommodity : Output : Supply : Trade 2/ : Use : Stocks

===============================================================================:: World

2008/09 : 107.14 167.75 30.07 109.94 60.422009/10 (Est.) : 101.36 161.78 35.54 117.74 46.692010/11 (Proj.) :


: United States2008/09 : 12.82 22.87 13.26 3.59 6.342009/10 (Est.) : 12.19 18.53 12.04 3.46 2.952010/11 (Proj.) :


: Foreign 3/2008/09 : 94.32 144.88 16.81 106.36 54.08

2009/10 (Est.) : 89.18 143.26 23.50 114.28 43.752010/11 (Proj.) :


===============================================================================1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ TotalForeign is equal to world minus United States. See global cotton tables fortreatment of export/import imbalances.


10/40


World and U.S. Supply and Use for Oilseeds 1/(Million Metric Tons)


Commodity : Output : Supply : Trade : Use 2/ : Stocks===============================================================================

:: World

Oilseeds :2008/09 : 396.33 457.99 94.48 338.14 56.482009/10 (Est.) : 440.92 497.40 108.29 356.77 72.292010/11 (Proj.) :


Oilmeals :2008/09 : 228.49 236.31 69.27 227.89 5.922009/10 (Est.) : 243.14 249.06 71.47 238.70 7.052010/11 (Proj.) :


Vegetable Oils :2008/09 : 133.36 144.63 55.80 129.92 13.082009/10 (Est.) : 138.65 151.73 58.04 137.46 11.662010/11 (Proj.) :


:: United States





Vegetable Oils :2008/09 : 9.67 14.36 1.46 11.17 1.742009/10 (Est.) : 10.01 15.01 1.93 11.22 1.862010/11 (Proj.) :


:: Foreign 3/





Vegetable Oils :2008/09 : 123.69 130.27 54.34 118.75 11.34

2009/10 (Est.) : 128.64 136.72 56.11 126.24 9.802010/11 (Proj.) :


===============================================================================1/ Aggregate of local marketing years with Brazil and Argentina on anOct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total foreign is equal toworld minus United States.


11/40


U.S. Wheat Supply and Use 1/===============================================================================

: : : 2010/11 ProjectionsItem : 2008/09 : 2009/10 :==============================

: : Est. : September October===============================================================================Area : Million acresPlanted : 63.2 59.2 54.3 53.6

Harvested : 55.7 49.9 48.3 47.7Yield per harvested : Bushels

acre : 44.9 44.5 46.9 46.7: Million bushels

Beginning stocks : 306 657 973 976Production : 2,499 2,218 2,265 2,224Imports : 127 119 100 100Supply, total : 2,932 2,993 3,338 3,299

Food : 927 917 940 940Seed : 78 69 76 76Feed and residual : 255 150 170 180Domestic, total : 1,260 1,137 1,186 1,196

Exports : 1,015 881 1,250 1,250Use, total : 2,275 2,018 2,436 2,446

Ending stocks : 657 976 902 853CCC inventory : 0 0 0 0Free stocks : 657 976 902 853Outstanding loans : 27 51 15 15

Avg. farm price ($/bu) 2/ : 6.78 4.87 4.95- 5.65 5.20- 5.80===============================================================================

U.S. Wheat by Class: Supply and Use===============================================================================

Year beginning : Hard : Hard : Soft : : :June 1 : Winter : Spring : Red : White : Durum : Total

===============================================================================2009/10 (estimated) : Million bushelsBeginning stocks : 254 142 171 64 25 657Production : 920 548 404 237 109 2,218Supply, total 3/ : 1,176 731 607 311 169 2,993

Domestic use : 421 282 256 87 90 1,137Exports : 370 214 109 143 44 881Use, total : 791 497 365 231 134 2,018

Ending stocks, total : 385 234 242 80 35 976:

2010/11 (projected) :

Beginning stocks : 385 234 242 80 35 976Production : 1,018 581 238 275 111 2,224Supply, total 3/ : 1,404 850 500 364 181 3,299

Domestic use : 491 268 242 106 89 1,196Exports : 575 350 100 170 55 1,250Use, total : 1,066 618 342 276 144 2,446Ending stocks, total :

October : 338 232 158 88 37 853September : 349 249 179 86 39 902

===============================================================================Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1.2/ Marketing-year weighted average price received by farmers. 3/ Includesimports.


12/40


U.S. Feed Grain and Corn Supply and Use 1/===============================================================================


: : Est. : September October===============================================================================FEED GRAINS :Area : Million acres

Planted : 101.8 100.1 100.0 99.6Harvested : 91.0 89.6 90.0 89.7Yield per harvested : Metric tons

acre : 3.58 3.90 3.88 3.74: Million metric tons

Beginning stocks : 45.1 47.0 39.7 48.1Production : 325.7 349.0 349.1 335.4Imports : 3.0 2.2 2.0 2.0Supply, total : 373.7 398.3 390.7 385.5

Feed and residual : 140.9 137.8 139.1 142.4Food, seed & industrial : 134.8 157.6 161.9 161.4Domestic, total : 275.7 295.3 301.1 303.8

Exports : 50.9 54.8 57.7 55.1Use, total : 326.6 350.2 358.7 359.0

Ending stocks, total : 47.0 48.1 32.0 26.5CCC inventory : 0.0 0.0 0.0Free stocks : 47.0 48.1 26.5Outstanding loans : 4.4 3.9 5.2

:CORN :Area : Million acresPlanted : 86.0 86.5 87.9 88.2Harvested : 78.6 79.6 81.0 81.3Yield per harvested : Bushels

acre : 153.9 164.7 162.5 155.8: Million bushels

Beginning stocks : 1,624 1,673 1,386 1,708Production : 12,092 13,110 13,160 12,664Imports : 14 8 10 10Supply, total : 13,729 14,791 14,556 14,382

Feed and residual : 5,182 5,167 5,250 5,400Food, seed & industrial : 5,025 5,930 6,090 6,080Ethanol for fuel 2/ : 3,709 4,560 4,700 4,700Domestic, total : 10,207 11,097 11,340 11,480

Exports : 1,849 1,987 2,100 2,000Use, total : 12,056 13,084 13,440 13,480

Ending stocks, total : 1,673 1,708 1,116 902CCC inventory : 0 0 0Free stocks : 1,673 1,708 902Outstanding loans : 171 147 200

Avg. farm price ($/bu) 3/ : 4.06 3.55 4.00- 4.80 4.60- 5.40===============================================================================Note: Totals may not add due to rounding. 1/ Marketing year beginningSeptember 1 for corn and sorghum; June 1 for barley and oats. 2/ For a furtherbreakout of FSI corn uses including ethanol, see the ERS Feed Outlook table 5,or Feed Grains Database at "www.ers.usda.gov/db/feedgrains." 3/ Marketing-yearweighted average price received by farmers.


13/40


U.S. Sorghum, Barley and Oats Supply and Use 1/===============================================================================


: : Est. : September October===============================================================================

: Million bushelsSORGHUM :

Area planted (mil. acres) : 8.3 6.6 6.0 5.4Area harv. (mil. acres) : 7.3 5.5 5.2 4.7Yield (bushels/acre) : 65.0 69.4 72.7 72.4Beginning stocks : 53 55 31 41Production : 472 383 376 337Imports : 0 0 0 0

Supply, total : 525 438 407 378Feed and residual : 233 140 110 90Food, seed & industrial : 95 90 100 90

Total domestic : 328 230 210 180Exports : 143 166 160 160

Use, total : 471 396 370 340Ending stocks, total : 55 41 37 38Avg. farm price ($/bu) 2/ : 3.20 3.22 3.70- 4.40 4.80- 5.60

:BARLEY :Area planted (mil. acres) : 4.2 3.6 3.0 2.9Area harv. (mil. acres) : 3.8 3.1 2.5 2.5

Yield (bushels/acre) : 63.6 73.0 72.3 73.6Beginning stocks : 68 89 115 115Production : 240 227 184 182Imports : 29 17 15 15



Use, total : 249 217 225 225Ending stocks, total : 89 115 89 87Avg. farm price ($/bu) 2/ : 5.37 4.66 3.70- 4.30 3.80- 4.40

:OATS :Area planted (mil. acres) : 3.2 3.4 3.2 3.1Area harv. (mil. acres) : 1.4 1.4 1.3 1.3Yield (bushels/acre) : 63.7 67.5 66.3 64.6Beginning stocks : 67 84 80 80

Production : 89 93 87 82Imports : 115 95 80 80



Use, total : 186 192 194 194Ending stocks, total : 84 80 54 48Avg. farm price ($/bu) 2/ : 3.15 2.02 2.20- 2.70 2.20- 2.70===============================================================================Note: Totals may not add due to rounding. 1/ Marketing year beginningSeptember 1 for sorghum, June 1 for barley and oats. 2/ Marketing-yearweighted average price received by farmers.


14/40


U.S. Rice Supply and Use 1/(Rough Equivalent of Rough and Milled Rice)

===============================================================================: : : 2010/11 Projections

Item : 2008/09 : 2009/10 :==============================: : Est. : September October

===============================================================================TOTAL :

Area : Million acresPlanted : 3.00 3.14 3.64 3.64Harvested : 2.98 3.10 3.62 3.62Yield per harvested : Pounds

acre : 6,846 7,085 7,047 6,687:: Million hundredweight

Beginning stocks 2/ : 29.6 30.6 36.7 36.7Production : 203.7 219.9 255.3 242.3Imports : 19.2 19.0 19.5 19.5Supply, total : 252.6 269.4 311.5 298.5

Domestic & residual 3/ : 126.4 122.6 127.0 127.0Exports, total 4/ : 95.6 110.2 119.0 119.0Rough : 31.6 40.8 44.0 45.0Milled (rough equiv.) : 64.0 69.4 75.0 74.0Use, total : 222.0 232.7 246.0 246.0

Ending stocks : 30.6 36.7 65.5 52.5Avg. milling yield (%) 5/ : 69.25 69.36 68.86 68.86

Avg. farm price ($/cwt) 6/ : 16.80 14.00 10.30-11.30 12.10-13.10:

LONG GRAIN :Harvested acres (mil.) : 2.35 2.27Yield (pounds/acre) : 6,522 6,743Beginning stocks : 19.1 20.1 23.2 23.2Production : 153.3 152.7 191.8 182.0Supply, total 7/ : 188.2 189.3 231.9 222.1

Domestic & Residual 3/ : 99.4 90.8 98.0 98.0Exports 8/ : 68.8 75.4 83.0 83.0Use, total : 168.1 166.2 181.0 181.0

Ending stocks : 20.1 23.2 50.9 41.1Avg. farm price ($/cwt) 6/ : 14.90 12.80 8.50- 9.50 10.50-11.50

:MEDIUM & SHORT GRAIN :Harvested acres (mil.) : 0.63 0.84Yield (pounds/acre) : 8,063 8,010Beginning stocks : 9.1 8.0 12.1 12.1

Production : 50.5 67.1 63.5 60.3Supply, total 7/ : 61.9 78.7 78.1 74.9

Domestic & Residual 3/ : 27.0 31.8 29.0 29.0Exports 8/ : 26.9 34.8 36.0 36.0Use, total : 53.9 66.6 65.0 65.0

Ending stocks : 8.0 12.1 13.1 9.9Avg. farm price ($/cwt) 6/ : 24.80 17.70 16.00-17.00 17.30-18.30===============================================================================Note: Totals may not add due to rounding. 1/ Marketing year beginning August1. 2/ Includes the following quantities of broken kernel rice (typeundetermined) not included in estimates of beginning stocks by type (in mil.cwt): 2008/09-1.4; 2009/10-2.4; 2010/11-1.5. 3/ Residual includes unreporteduse, processing losses, and estimating errors. Use by type may not add tototal rice use because of the difference in brokens between beginning andending stocks. 4/ Includes rough rice and milled rice exports. Milled riceexports are converted to an equivalent rough basis. 5/ Expressed as apercent-- the national average milling yield calculated by the Farm ServiceAgency (FSA) from warehouse stored loan data. The 2010/11 milling yield is

calculated using the previous five-year average. 6/ Includes imports. 7/Marketing-year weighted average price received by farmers. 8/ Exports by typeof rice are estimated.


15/40


U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/===============================================================================

: : : 2010/11 ProjectionsItem : 2008/09 : 2009/10 :===============================

: : Est. : September October===============================================================================SOYBEANS: : Million acresArea :

Planted : 75.7 77.5 78.9 77.7Harvested : 74.7 76.4 78.0 76.8

:: Bushels

Yield per harvested :acre : 39.7 44.0 44.7 44.4

:: Million bushels:

Beginning stocks : 205 138 150 151Production : 2,967 3,359 3,483 3,408Imports : 13 15 10 10Supply, total : 3,185 3,512 3,643 3,569

Crushings : 1,662 1,752 1,650 1,665Exports : 1,279 1,498 1,485 1,520Seed : 90 90 88 88Residual : 16 21 70 32Use, total : 3,047 3,361 3,293 3,305

Ending stocks : 138 151 350 265Avg. farm price ($/bu) 2/ : 9.97 9.59 9.15-10.65 10.00 -11.50

::: Million pounds

SOYBEAN OIL: :Beginning stocks : 2,485 2,861 3,206 3,176Production : 18,745 19,555 3/ 18,810 18,980Imports : 90 110 115 115Supply, total : 21,319 22,526 22,131 22,271

Domestic : 16,265 15,950 17,400 17,400For methyl ester : 2,013 1,700 2,900 2,900

Exports : 2,193 3,400 2,100 2,500Use, total : 18,459 19,350 19,500 19,900

Ending stocks : 2,861 3,176 2,631 2,371Average price (c/lb) 2/ : 32.16 35.67 37.50- 39.50-

: 41.50 43.50:

: Thousand short tonsSOYBEAN MEAL: :Beginning stocks : 294 235 300 300Production : 39,102 41,575 3/ 39,235 39,535Imports : 88 140 165 165Supply, total : 39,484 41,950 39,700 40,000

Domestic : 30,752 30,500 30,300 30,600Exports : 8,497 11,150 9,100 9,100Use, total : 39,249 41,650 39,400 39,700

Ending stocks : 235 300 300 300Average price ($/s.t.) 2/ : 331.17 311.27 270.00- 290.00-

: 310.00 330.00===============================================================================Note: Reliability calculations at end of report. 1/ Marketing year beginningSeptember 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 48percent, Decatur. 3/ Based on October year crush of 1,765 million bushels.


16/40

WASDE-487-16 October 2010U.S. Sugar Supply and Use 1/

======================================================================: : : 2010/11 Projection

Item : 2008/09 : 2009/10 :======================: : Est. : September October

======================================================================

: 1,000 short tons, raw value:

Beginning stocks : 1,664 1,534 1,510 1,603Production 2/ : 7,532 7,945 8,415 8,385Beet sugar : 4,214 4,525 4,890 4,890Cane sugar : 3,318 3,420 3,525 3,495Florida : 1,577 1,638 1,785 1,720Hawaii : 192 170 135 170Louisiana : 1,397 1,500 1,465 1,465Texas : 152 112 140 140

Imports : 3,082 3,244 2,269 2,269TRQ 3/ : 1,370 1,854 1,409 1,409Other program 4/ : 308 450 300 300Other 5/ : 1,404 940 560 560Mexico : 1,402 730 550 550Total supply : 12,278 12,723 12,194 12,257

:Exports : 136 210 150 150

Deliveries : 10,608 10,910 10,960 11,060Food 6/ : 10,442 10,675 10,775 10,875Other 7/ : 166 235 185 185

Miscellaneous : 0 0 0 0Total use : 10,744 11,120 11,110 11,210

Ending stocks : 1,534 1,603 1,084 1,047:

Stocks to use ratio : 14.3 14.4 9.8 9.3======================================================================1/ Fiscal years beginning Oct 1. Includes Puerto Rico. Historical dataare from FSA, "Sweetener Market Data" except imports (U.S. Customs Service,Census Bureau). 2/ Production projections for 2010/11 are based on CropProduction, trend recovery rates, and processor projections where appropriate.3/ For 2010/11, includes shortfall of 60,000 tons. 4/ Includes sugar underthe re-export and polyhydric alcohol programs. 5/ For 2008/09, other high-tier(0) and other (0). For 2009/10, other high-tier (210) and other (0).For 2010/11, other high-tier (10) and other (0). 6/Combines SMD deliveries fordomestic human food use, SMD miscellaneous uses, and the difference between

SMD imports and WASDE imports. 7/ Transfers to sugar-containing products forreexport, and for nonedible alcohol and feed.

Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/==========================================================================

: Supply : Use :Fiscal :====================================================: Endingyear : Beginning : Production: Imports : Domestic :Exports: stocks

: stocks : : : 2/ : :==========================================================================

1,000 metric tons, raw valueSugar2009/10 est.

Sep 624 5,115 820 5,212 570 777Oct 624 5,115 820 5,212 660 687

2010/11 proj.Sep 777 5,450 150 5,018 500 859Oct 687 5,450 150 5,018 500 769

==========================================================================1/ U.S. HFCS exports to Mexico (metric tons, dry-weight basis): Oct-Sep 2008/09= 302,844; Oct-Jul 2008/09 = 230,426; Oct-Jul 2009/10 = 778,448. Footnote source:U.S. Census Bureau. 2/Includes domestic consumption, Mexico's products exportprogram (IMMEX), and any residual statistical discrepancies.


17/40


U. S. Cotton Supply and Use 1/===============================================================================

: : : 2010/11 ProjectionsItem : 2008/09 : 2009/10 :===============================

: : Est. : September October===============================================================================

: Million acresArea :

Planted : 9.47 9.15 11.04 11.04Harvested : 7.57 7.53 10.77 10.77

:: Pounds

Yield per harvested :acre : 813 777 839 841

:: Million 480 pound bales:

Beginning stocks 2/ : 10.05 6.34 3.00 2.95Production : 12.82 12.19 18.84 18.87Imports : 0.00 0.00 0.00 0.00Supply, total : 22.87 18.53 21.84 21.82

Domestic use : 3.59 3.46 3.60 3.60Exports : 13.26 12.04 15.50 15.50Use, total : 16.85 15.50 19.10 19.10

Unaccounted 3/ : -0.32 0.08 0.04 0.02Ending stocks : 6.34 2.95 2.70 2.70

:Avg. farm price 4/ : 47.8 62.9 63.0-77.0 67.0-79.0===============================================================================Note: Reliability calculations at end of report.1/ Upland and extra-long staple; marketing year beginning August 1. Totals maynot add due to rounding. 2/ Based on Bureau of Census data. 3/ Reflects thedifference between the previous season's supply less total use and endingstocks based on Bureau of Census data. 4/ Cents per pound for upland cotton.===============================================================================


18/40


World Wheat Supply and Use 1/(Million Metric Tons)

===============================================================================: Supply : Use ::=========================:=======================:Ending

Region : : : : Domestic 2/ : :stocks:Beginning:Produc-: :===============: :: stocks : tion :Imports: Feed : Total :Exports:

===============================================================================:: 2008/09:

World 3/ : 124.38 683.26 136.93 118.44 642.30 143.66 165.33United States : 8.32 68.02 3.46 6.95 34.29 27.64 17.87Total foreign : 116.06 615.24 133.48 111.49 608.01 116.03 147.47Major exporters 4/ : 22.84 211.25 8.26 68.08 147.71 65.65 28.98Argentina : 2.35 10.10 0.03 0.03 5.33 6.77 0.39Australia : 3.65 21.42 0.11 3.75 6.85 14.75 3.59Canada : 4.41 28.61 0.38 3.30 8.04 18.81 6.55EU-27 5/ : 12.43 151.11 7.74 61.00 127.50 25.32 18.46Major importers 6/ : 63.58 171.94 74.26 14.97 230.78 6.58 72.41Brazil : 0.34 5.88 6.40 0.20 10.70 0.40 1.53China : 38.97 112.46 0.48 8.00 105.50 0.72 45.69Select. Mideast 7/ : 6.57 13.40 20.43 1.85 30.83 0.92 8.64N. Africa 8/ : 9.48 14.35 23.47 2.70 37.46 0.34 9.50Pakistan : 3.48 20.96 3.13 0.40 22.80 2.10 2.66

Southeast Asia 9/ : 2.84 0.00 11.86 1.32 11.54 0.42 2.74Selected other :India : 5.80 78.57 0.01 0.10 70.92 0.02 13.43FSU-12 : 12.92 115.45 6.50 24.65 76.32 37.75 20.81Russia : 3.95 63.70 0.20 16.20 38.90 18.39 10.56Kazakhstan : 2.46 12.55 0.12 2.70 7.53 5.70 1.90Ukraine : 2.08 25.90 0.07 2.90 11.90 13.04 3.11

:: 2009/10 (Estimated):

World 3/ : 165.33 682.15 133.56 116.28 650.96 135.32 196.53United States : 17.87 60.37 3.23 4.07 30.93 23.98 26.55Total foreign : 147.47 621.78 130.33 112.21 620.02 111.35 169.98Major exporters 4/ : 28.98 197.86 6.01 64.28 144.48 61.14 27.23Argentina : 0.39 10.50 0.00 0.03 4.93 5.50 0.46Australia : 3.59 22.50 0.12 4.00 7.10 14.50 4.61Canada : 6.55 26.85 0.40 2.25 6.96 19.02 7.82EU-27 5/ : 18.46 138.01 5.48 58.00 125.50 22.12 14.34

Major importers 6/ : 72.41 184.10 70.76 15.64 234.48 5.14 87.65Brazil : 1.53 5.03 7.00 0.20 10.80 1.20 1.55China : 45.69 115.00 1.39 8.00 105.00 0.89 56.19Select. Mideast 7/ : 8.64 14.84 18.72 1.75 31.63 0.94 9.64N. Africa 8/ : 9.50 20.23 21.40 2.95 39.32 0.19 11.62Pakistan : 2.66 24.03 0.17 0.40 23.20 0.30 3.37Southeast Asia 9/ : 2.74 0.00 13.38 1.79 12.44 0.49 3.20Selected other :India : 13.43 80.68 0.29 0.10 78.20 0.10 16.10FSU-12 : 20.81 113.84 5.42 27.73 80.45 36.73 22.89Russia : 10.56 61.70 0.16 19.00 42.00 18.56 11.87Kazakhstan : 1.90 17.00 0.06 2.70 7.55 7.87 3.54Ukraine : 3.11 20.90 0.03 3.30 12.30 9.34 2.40

===============================================================================1/ Aggregate of local marketing years. 2/ Total foreign and world useadjusted to reflect the differences in world imports and exports. 3/ Worldimports 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 SoutheastAsia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen,United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, andTunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.


19/40


World Wheat Supply and Use 1/ (Cont'd.)(Million Metric Tons)



===============================================================================:: 2010/11 (Projected)

World 3/ :September : 195.97 643.01 122.83 118.78 661.19 126.03 177.79October : 196.53 641.44 123.06 121.05 663.31 126.23 174.66

United States :September : 26.49 61.64 2.72 4.63 32.28 34.02 24.56October : 26.55 60.51 2.72 4.90 32.55 34.02 23.22

Total foreign :September : 169.48 581.37 120.11 114.15 628.91 92.01 153.24October : 169.98 580.93 120.34 116.15 630.76 92.21 151.44

Major exporters 4/ :September : 28.25 192.63 6.51 59.70 141.95 61.50 23.93October : 27.23 192.83 6.01 61.70 143.60 61.50 20.97

Argentina Sep : 0.57 12.00 0.01 0.10 5.10 7.00 0.47Oct : 0.46 12.00 0.01 0.10 5.10 7.00 0.37

Australia Sep : 4.59 23.00 0.10 4.10 7.25 16.00 4.44

Oct : 4.61 23.00 0.10 4.10 7.25 16.00 4.46Canada Sep : 7.82 22.50 0.40 2.50 7.60 17.50 5.62

Oct : 7.82 22.20 0.40 3.00 7.75 17.50 5.17EU-27 5/ Sep : 15.27 135.13 6.00 53.00 122.00 21.00 13.40

Oct : 14.34 135.63 5.50 54.50 123.50 21.00 10.97Major importers 6/ :

September : 86.29 182.79 62.73 16.66 237.44 6.57 87.79October : 87.65 182.09 63.43 16.66 237.44 6.37 89.35

Brazil Sep : 0.97 5.00 6.50 0.20 10.80 0.60 1.07Oct : 1.55 5.15 6.50 0.20 10.80 0.60 1.80

China Sep : 56.19 114.50 0.50 9.00 105.80 2.00 63.39Oct : 56.19 114.50 0.50 9.00 105.80 2.00 63.39

Sel. Mideast 7/Sep : 9.33 17.55 14.03 1.75 32.13 1.36 7.41Oct : 9.64 17.55 13.53 1.75 32.03 1.36 7.32

N. Africa 8/ Sep : 11.22 17.95 20.90 2.95 40.35 0.19 9.54Oct : 11.62 17.55 21.90 2.95 40.45 0.19 10.43

Pakistan Sep : 3.40 22.60 0.30 1.00 24.20 0.30 1.80Oct : 3.37 22.60 0.30 1.00 24.20 0.30 1.77

SE Asia 9/ Sep : 3.16 0.00 12.20 1.21 12.06 0.43 2.87Oct : 3.20 0.00 12.20 1.21 12.06 0.43 2.91

Selected other :India Sep : 16.10 80.71 0.30 0.10 82.44 0.20 14.48

Oct : 16.10 80.71 0.30 0.10 82.44 0.20 14.48FSU-12 Sep : 22.90 84.56 7.15 33.88 84.98 16.70 12.93

Oct : 22.89 84.56 7.08 33.88 84.98 16.70 12.85Russia Sep : 11.86 42.50 2.00 26.00 48.00 3.50 4.86

Oct : 11.87 42.50 2.00 26.00 48.00 3.50 4.87Kazakhstan Sep : 3.56 11.50 0.08 2.40 6.90 6.50 1.73

Oct : 3.54 11.50 0.08 2.40 6.90 6.50 1.72Ukraine Sep : 2.43 17.00 0.05 2.80 11.60 6.00 1.88

Oct : 2.40 17.00 0.05 2.80 11.60 6.00 1.85===============================================================================1/ Aggregate of local marketing years. 2/ Total foreign and world useadjusted to reflect the differences in world imports and exports. 3/ Worldimports 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 SoutheastAsia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen,United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, andTunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.


20/40


World Coarse Grain Supply and Use 1/(Million Metric Tons)



===============================================================================:: 2008/09:

World 3/ : 163.74 1109.68 110.33 645.20 1079.05 113.06 194.37United States : 45.06 325.87 3.05 140.92 275.98 50.94 47.06Total foreign : 118.68 783.81 107.28 504.28 803.07 62.12 147.31Major exporters 4/ : 13.21 71.67 2.10 32.66 49.35 22.46 15.18Argentina : 3.27 19.13 0.04 5.79 8.76 12.45 1.23Australia : 2.67 12.27 0.00 5.89 7.25 4.41 3.29Canada : 4.01 27.18 1.90 16.63 22.87 3.88 6.35Major importers 5/ : 35.05 243.97 82.52 233.91 310.87 6.72 43.96EU-27 6/ : 12.77 161.49 3.41 113.55 151.30 5.55 20.81Japan : 1.71 0.22 19.61 15.05 19.97 0.00 1.57Mexico : 4.74 32.25 10.47 25.24 42.06 0.16 5.24N. Afr & Mideast 7/: 6.97 24.70 23.22 39.59 46.92 0.23 7.75Saudi Arabia : 2.81 0.27 8.69 9.13 9.35 0.01 2.41Southeast Asia 8/ : 3.19 24.64 5.21 20.36 28.27 0.77 4.01

South Korea : 2.12 0.36 7.25 6.41 8.21 0.00 1.52Selected other :Brazil : 12.87 53.62 1.60 40.75 48.53 7.15 12.41China : 40.43 172.66 1.65 107.83 160.32 0.22 54.19FSU-12 : 4.45 78.56 0.65 41.30 57.94 17.10 8.62Russia : 1.59 40.70 0.11 21.90 32.80 4.79 4.80Ukraine : 1.59 26.22 0.02 10.33 13.70 11.88 2.25

:: 2009/10 (Estimated):

World 3/ : 194.37 1105.76 114.10 645.81 1101.36 118.22 198.77United States : 47.06 349.22 2.31 137.82 295.61 54.85 48.13Total foreign : 147.31 756.54 111.79 507.99 805.74 63.38 150.64Major exporters 4/ : 15.18 76.48 2.44 33.23 49.98 27.19 16.92Argentina : 1.23 27.95 0.03 6.93 10.01 16.91 2.29Australia : 3.29 11.57 0.00 5.49 6.96 4.64 3.26Canada : 6.35 22.48 2.25 16.35 22.32 3.11 5.65Major importers 5/ : 43.96 236.35 84.09 234.76 312.56 5.70 46.13

EU-27 6/ : 20.81 152.96 3.07 112.23 150.18 2.86 23.80Japan : 1.57 0.18 19.29 14.57 19.48 0.00 1.56Mexico : 5.24 27.80 11.15 24.73 41.50 0.45 2.24N. Afr & Mideast 7/: 7.75 31.98 21.98 41.98 49.67 1.13 10.92Saudi Arabia : 2.41 0.27 9.51 9.23 9.43 0.00 2.76Southeast Asia 8/ : 4.01 22.77 5.81 20.54 28.55 1.26 2.78South Korea : 1.52 0.34 8.54 6.84 8.89 0.00 1.50Selected other :Brazil : 12.41 58.61 1.11 42.28 50.00 9.03 13.09China : 54.19 161.35 3.54 109.91 164.81 0.22 54.05FSU-12 : 8.62 67.94 0.50 39.22 55.06 14.88 7.12Russia : 4.80 31.82 0.18 20.52 30.79 3.07 2.93Ukraine : 2.25 24.12 0.02 9.65 12.82 11.29 2.28

===============================================================================1/ Aggregate of local marketing years. Coarse grains include corn, sorghum,barley, oats, rye, millet, and mixed grains (for U.S. excludes millet andmixed grains). 2/ Total foreign and world use adjusted to reflect thedifferences in world imports and exports. 3/ World imports and exports may not

balance due to differences in marketing years, grain in transit, and reportingdiscrepancies in some countries. 4/ Argentina, Australia, Canada, and SouthAfrica. 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, andTurkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.


21/40


World Coarse Grain Supply and Use 1/ (Cont'd.)(Million Metric Tons)



===============================================================================:: 2010/11 (Projected)






Australia Sep : 3.36 10.97 0.00 5.54 7.07 4.96 2.30

Oct : 3.26 10.97 0.00 5.54 7.07 4.96 2.20Canada Sep : 5.46 22.35 2.27 16.42 23.20 3.13 3.74



EU-27 6/ Sep : 23.22 139.62 5.37 114.55 153.05 5.31 9.84Oct : 23.80 139.22 4.87 113.35 151.85 5.51 10.52

Japan Sep : 1.56 0.18 19.18 14.46 19.38 0.00 1.54Oct : 1.56 0.18 19.18 14.46 19.38 0.00 1.54

Mexico Sep : 2.24 32.53 11.95 25.73 42.70 0.15 3.87Oct : 2.24 32.53 11.95 25.73 42.70 0.35 3.67

N Afr/M.East 7/Sep : 10.42 30.26 20.73 43.23 51.12 0.77 9.52Oct : 10.92 30.36 21.08 43.78 51.67 0.77 9.92

Saudi Arabia Sep : 2.76 0.27 8.71 9.33 9.53 0.00 2.21Oct : 2.76 0.27 8.71 9.33 9.53 0.00 2.21

S.-east Asia 8/Sep : 2.78 24.77 6.01 21.84 29.84 0.79 2.93Oct : 2.78 24.77 6.21 22.04 30.04 0.79 2.93

South Korea Sep : 1.50 0.34 9.14 7.34 9.52 0.00 1.46Oct : 1.50 0.34 9.34 7.54 9.72 0.00 1.46

Selected other :Brazil Sep : 12.89 53.73 1.41 43.58 51.30 7.03 9.69

Oct : 13.09 53.73 1.41 43.58 51.30 7.03 9.89China Sep : 54.05 173.00 2.98 111.81 168.80 0.27 60.95

Oct : 54.05 173.00 2.98 111.81 168.80 0.27 60.95FSU-12 Sep : 7.12 51.36 2.01 31.08 45.65 10.45 4.39

Oct : 7.12 50.36 2.23 30.30 44.87 10.44 4.40Russia Sep : 2.93 19.70 1.70 13.43 22.50 0.29 1.54

Oct : 2.93 18.70 1.90 12.63 21.70 0.28 1.55Ukraine Sep : 2.28 21.75 0.02 9.93 13.00 9.63 1.41

Oct : 2.28 21.75 0.02 9.93 13.00 9.63 1.41===============================================================================1/ Aggregate of local marketing years. Coarse grains include corn, sorghum,barley, oats, rye, millet, and mixed grains (for U.S. excludes millet andmixed grains). 2/ Total foreign and world use adjusted to reflect thedifferences in world imports and exports. 3/ World imports and exports may not

balance due to differences in marketing years, grain in transit, and reportingdiscrepancies in some countries. 4/ Argentina, Australia, Canada, and SouthAfrica. 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, andTurkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.


22/40


World Corn Supply and Use 1/(Million Metric Tons)



===============================================================================:: 2008/09:

World 3/ : 131.32 797.77 82.38 478.25 781.09 84.48 148.00United States : 41.26 307.14 0.34 131.62 259.27 46.97 42.50Total foreign : 90.06 490.63 82.04 346.62 521.82 37.52 105.49Major exporters 4/ : 5.27 27.57 0.06 8.80 16.30 11.99 4.61Argentina : 2.18 15.00 0.03 4.50 6.40 10.32 0.49South Africa : 3.09 12.57 0.03 4.30 9.90 1.67 4.11Major importers 5/ : 16.51 117.90 48.99 115.37 162.44 2.67 18.28Egypt : 0.85 6.65 5.03 8.70 11.10 0.01 1.41EU-27 6/ : 4.36 62.32 2.74 47.00 61.50 1.74 6.18Japan : 1.16 0.00 16.53 12.10 16.70 0.00 1.00Mexico : 4.13 24.23 7.76 16.40 32.40 0.16 3.56Southeast Asia 7/ : 3.19 24.58 5.20 20.30 28.20 0.76 4.00South Korea : 2.08 0.09 7.19 6.37 7.89 0.00 1.47Selected other :

Brazil : 12.58 51.00 1.14 38.50 45.50 7.14 12.08Canada : 1.46 10.59 1.84 7.53 11.66 0.37 1.86China : 39.39 165.90 0.05 107.00 152.00 0.17 53.17FSU-12 : 1.14 21.67 0.42 12.92 14.76 6.89 1.58Ukraine : 0.67 11.40 0.01 5.10 5.85 5.50 0.73

:: 2009/10 (Estimated):

World 3/ : 148.00 810.29 88.45 480.39 810.22 92.17 148.06United States : 42.50 333.01 0.20 131.25 281.87 50.47 43.37Total foreign : 105.49 477.28 88.25 349.14 528.35 41.70 104.69Major exporters 4/ : 4.61 36.50 0.05 8.90 16.50 17.50 7.16Argentina : 0.49 22.50 0.03 4.50 6.40 15.00 1.62South Africa : 4.11 14.00 0.03 4.40 10.10 2.50 5.54Major importers 5/ : 18.28 107.47 51.50 113.45 161.40 3.09 12.76Egypt : 1.41 6.82 5.30 9.70 12.10 0.00 1.44EU-27 6/ : 6.18 56.53 2.90 45.50 60.50 1.40 3.71Japan : 1.00 0.00 16.00 11.40 16.00 0.00 1.00

Mexico : 3.56 21.30 8.40 15.00 31.00 0.45 1.81Southeast Asia 7/ : 4.00 22.71 5.80 20.50 28.50 1.24 2.78South Korea : 1.47 0.08 8.50 6.80 8.60 0.00 1.45Selected other :Brazil : 12.08 56.10 0.70 40.00 47.00 9.00 12.88Canada : 1.86 9.56 2.20 7.71 11.71 0.15 1.76China : 53.17 155.00 1.30 109.00 156.00 0.15 53.32FSU-12 : 1.58 17.85 0.33 11.27 12.87 5.48 1.41Ukraine : 0.73 10.50 0.01 4.80 5.50 5.00 0.74

===============================================================================1/ Aggregate of local marketing years. 2/ Total foreign and world use adjustedto reflect the differences in world imports and exports. 3/ World imports andexports may not balance due to differences in marketing years, grain intransit, and reporting discrepancies in some countries. 4/ Argentina and SouthAfrica. 5/ Egypt, the EU-27, Mexico, Japan, South Korea, Taiwan, and SoutheastAsia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines,Thailand, and Vietnam.


23/40


World Corn Supply and Use 1/ (Cont'd.)(Million Metric Tons)



===============================================================================:: 2010/11 (Projected)






South Africa Sep : 5.54 12.50 0.03 4.60 10.40 2.50 5.16



Egypt Sep : 1.44 7.00 5.40 10.10 12.60 0.00 1.24Oct : 1.44 7.00 5.40 10.10 12.60 0.00 1.24

EU-27 6/ Sep : 3.33 54.71 5.00 44.50 59.50 0.50 3.04Oct : 3.71 54.96 4.50 44.00 59.00 0.50 3.67

Japan Sep : 1.00 0.00 16.10 11.50 16.10 0.00 1.00Oct : 1.00 0.00 16.10 11.50 16.10 0.00 1.00

Mexico Sep : 1.81 24.50 9.10 15.90 32.10 0.15 3.16Oct : 1.81 24.50 9.10 15.90 32.10 0.35 2.96

S.-east Asia 7/Sep : 2.78 24.71 6.00 21.80 29.80 0.76 2.93Oct : 2.78 24.71 6.20 22.00 30.00 0.76 2.93

South Korea Sep : 1.45 0.08 9.10 7.30 9.20 0.00 1.43Oct : 1.45 0.08 9.30 7.50 9.40 0.00 1.43

Selected other :Brazil Sep : 12.68 51.00 1.00 41.30 48.30 7.00 9.38

Oct : 12.88 51.00 1.00 41.30 48.30 7.00 9.58Canada Sep : 1.57 11.00 2.20 8.20 12.90 0.30 1.57

Oct : 1.76 11.00 1.80 8.20 12.50 0.30 1.76China Sep : 53.32 166.00 1.00 111.00 160.00 0.20 60.12

Oct : 53.32 166.00 1.00 111.00 160.00 0.20 60.12FSU-12 Sep : 1.41 18.37 1.18 12.46 14.06 5.58 1.32

Oct : 1.41 17.87 1.18 11.96 13.56 5.58 1.32Ukraine Sep : 0.74 11.50 0.01 5.30 6.00 5.50 0.75

Oct : 0.74 11.50 0.01 5.30 6.00 5.50 0.75===============================================================================1/ Aggregate of local marketing years. 2/ Total foreign and world use adjustedto reflect the differences in world imports and exports. 3/ World imports andexports may not balance due to differences in marketing years, grain intransit, and reporting discrepancies in some countries. 4/ Argentina and SouthAfrica. 5/ Egypt, the EU-27, Mexico, Japan, South Korea, Taiwan, and SoutheastAsia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines,Thailand, and Vietnam.


24/40


World Rice Supply and Use (Milled Basis) 1/(Million Metric Tons)

===============================================================================: Supply : Use ::=========================:===================: Ending

Region : : : : : : stocks:Beginning:Produc-: : Total 2/: :: stocks : tion :Imports: Domestic: Exports :

===============================================================================:: 2008/09

World 3/ : 80.63 448.15 27.15 437.67 28.97 91.11United States : 0.92 6.40 0.61 3.96 3.00 0.96Total foreign : 79.71 441.75 26.54 433.71 25.96 90.15Major exporters 4/ : 18.43 150.32 0.80 123.08 19.52 26.95India : 13.00 99.18 0.00 91.09 2.09 19.00Pakistan : 0.70 6.90 0.00 3.49 2.91 1.20Thailand : 2.71 19.85 0.30 9.50 8.57 4.79 Vietnam : 2.02 24.39 0.50 19.00 5.95 1.96Major importers 5/ : 14.43 64.48 11.53 74.61 0.74 15.10Brazil : 0.97 8.57 0.68 8.53 0.57 1.12EU-27 6/ : 1.13 1.62 1.34 2.93 0.14 1.02Indonesia : 5.61 38.30 0.25 37.09 0.01 7.06Nigeria : 0.77 3.20 1.75 5.15 0.00 0.57Philippines : 4.42 10.76 2.60 13.65 0.00 4.12Sel. Mideast 7/ : 1.43 1.67 3.73 5.65 0.02 1.16

Selected other :Burma : 0.59 10.15 0.00 9.65 1.05 0.04C. Amer & Carib 8/ : 0.39 1.51 1.31 2.93 0.00 0.29China : 38.02 134.33 0.34 133.00 0.78 38.90Egypt : 0.69 4.40 0.02 4.00 0.55 0.56Japan : 2.56 8.03 0.66 8.33 0.20 2.72Mexico : 0.19 0.16 0.59 0.76 0.01 0.17South Korea : 0.69 4.84 0.25 4.79 0.00 1.00

:: 2009/10 (Estimated)

World 3/ : 91.11 441.51 27.37 438.16 30.09 94.46United States : 0.96 6.92 0.60 3.86 3.47 1.15Total foreign : 90.15 434.59 26.76 434.29 26.62 93.30Major exporters 4/ : 26.95 140.59 0.70 117.18 21.20 29.86India : 19.00 89.13 0.00 85.43 2.20 20.50Pakistan : 1.20 6.80 0.00 2.90 3.80 1.30Thailand : 4.79 20.26 0.30 9.70 9.00 6.65 Vietnam : 1.96 24.40 0.40 19.15 6.20 1.41

Major importers 5/ : 15.10 62.36 11.51 75.48 0.46 13.02Brazil : 1.12 7.66 0.95 8.57 0.30 0.86EU-27 6/ : 1.02 1.98 1.35 3.10 0.14 1.11Indonesia : 7.06 37.10 0.70 37.70 0.00 7.16Nigeria : 0.57 3.40 1.70 5.20 0.00 0.47Philippines : 4.12 9.77 2.20 13.64 0.00 2.46Sel. Mideast 7/ : 1.16 2.07 3.35 5.64 0.02 0.92Selected other :Burma : 0.04 10.60 0.00 10.00 0.30 0.34C. Amer & Carib 8/ : 0.29 1.62 1.42 3.01 0.00 0.33China : 38.90 137.00 0.30 134.50 0.85 40.85Egypt : 0.56 4.30 0.04 4.00 0.60 0.29Japan : 2.72 7.71 0.70 8.20 0.20 2.73Mexico : 0.17 0.18 0.60 0.77 0.01 0.17South Korea : 1.00 4.92 0.30 4.75 0.00 1.46

===============================================================================1/ Aggregate of local marketing years. 2/ Total foreign and world useadjusted to reflect the differences in world imports and exports. Total

domestic includes both domestic use and unreported disappearance. 3/ Worldimports 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, andSaudi Arabia. 8/ Central American and Caribbean countries.


25/40


World Rice Supply and Use (Milled Basis) 1/ (Cont'd.)(Million Metric Tons)


Region : : : : : : stocks:Beginning:Produc-: : Total 2/: :: stocks : tion :Imports: Domestic: Exports :

===============================================================================:: 2010/11 (Projected)

World 3/ :September : 94.32 454.60 28.62 454.37 30.95 94.56October : 94.46 452.54 28.73 452.71 30.83 94.29

United States :September : 1.15 7.98 0.62 3.99 3.72 2.05October : 1.15 7.57 0.62 3.99 3.72 1.64

Total foreign :September : 93.17 446.62 28.00 450.38 27.23 92.51October : 93.30 444.97 28.11 448.73 27.11 92.65

Major exporters 4/ :September : 29.86 149.45 0.85 130.40 21.15 28.61October : 29.86 147.45 0.85 128.40 21.15 28.61

India Sep : 20.50 99.00 0.00 98.00 2.50 19.00Oct : 20.50 97.00 0.00 96.00 2.50 19.00

Pakistan Sep : 1.30 5.30 0.00 3.00 2.85 0.75

Oct : 1.30 5.30 0.00 3.00 2.85 0.75Thailand Sep : 6.65 20.40 0.35 9.90 10.00 7.50

Oct : 6.65 20.40 0.35 9.90 10.00 7.50 Vietnam Sep : 1.41 24.75 0.50 19.50 5.80 1.36

Oct : 1.41 24.75 0.50 19.50 5.80 1.36Major importers 5/ :

September : 12.92 65.38 11.41 76.48 0.66 12.57October : 13.02 65.34 11.56 76.59 0.66 12.67

Brazil Sep : 0.86 8.40 0.65 8.60 0.50 0.81Oct : 0.86 8.40 0.65 8.60 0.50 0.81

EU-27 6/ Sep : 1.11 2.01 1.35 3.15 0.14 1.18Oct : 1.11 2.01 1.35 3.15 0.14 1.18

Indonesia Sep : 7.06 38.00 0.25 38.15 0.00 7.16Oct : 7.16 38.00 0.40 38.30 0.00 7.26

Nigeria Sep : 0.47 3.60 1.90 5.50 0.00 0.47Oct : 0.47 3.60 1.90 5.50 0.00 0.47

Philippines Sep : 2.46 10.80 2.50 13.70 0.00 2.06Oct : 2.46 10.80 2.50 13.70 0.00 2.06

Sel. Mideast 7/Sep : 0.92 2.13 3.45 5.65 0.02 0.83Oct : 0.92 2.13 3.45 5.65 0.02 0.83

Selected other :Burma Sep : 0.34 11.00 0.00 10.10 0.70 0.54

Oct : 0.34 10.80 0.00 10.10 0.60 0.44C. Am & Car. 8/Sep : 0.33 1.63 1.45 3.10 0.00 0.31

Oct : 0.33 1.63 1.48 3.11 0.00 0.32China Sep : 40.85 136.00 0.33 135.00 0.90 41.28

Oct : 40.85 136.00 0.33 135.00 0.90 41.28Egypt Sep : 0.29 3.90 0.15 3.85 0.30 0.19

Oct : 0.29 3.90 0.15 3.85 0.30 0.19Japan Sep : 2.73 7.85 0.70 8.13 0.20 2.95

Oct : 2.73 7.85 0.70 8.13 0.20 2.95Mexico Sep : 0.17 0.16 0.65 0.82 0.01 0.16

Oct : 0.17 0.16 0.65 0.82 0.01 0.16South Korea Sep : 1.46 4.71 0.33 4.80 0.01 1.69

Oct : 1.46 4.71 0.33 4.80 0.01 1.69===============================================================================

1/ Aggregate of local marketing years. 2/ Total foreign and world useadjusted to reflect the differences in world imports and exports. Totaldomestic includes both domestic use and unreported disappearance. 3/ Worldimports 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/ Tradeexcludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and SaudiArabia. 8/ Central American and Caribbean countries.


26/40


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:

World : 60.61 107.14 30.03 109.94 30.07 -2.65 60.42United States : 10.05 12.82 3/ 3.59 13.26 -0.32 6.34Total foreign : 50.56 94.32 30.03 106.36 16.81 -2.33 54.08Major exporters 4/ : 17.73 42.32 1.54 26.83 13.88 -0.19 21.08Central Asia 5/ : 2.34 7.08 0.01 1.60 4.45 0.00 3.37Afr. Fr. Zone 6/ : 0.67 2.41 3/ 0.19 2.15 0.00 0.75S. Hemis. 7/ : 8.30 8.68 0.31 5.52 4.60 -0.20 7.38Australia : 0.60 1.50 3/ 0.05 1.20 -0.07 0.93Brazil : 6.25 5.48 0.05 4.20 2.74 -0.15 4.99India : 5.63 22.60 0.80 17.75 2.36 0.00 8.92Major importers 8/ : 30.99 49.21 26.03 75.24 1.86 -2.15 31.28Mexico : 0.93 0.57 1.32 1.85 0.18 0.03 0.76China : 20.50 36.70 7.00 44.00 0.08 -2.25 22.37EU-27 9/ : 0.67 1.23 0.96 1.14 1.01 0.05 0.65Turkey : 1.95 1.93 2.92 5.10 0.14 -0.09 1.65

Pakistan : 4.47 8.70 1.92 11.25 0.36 0.03 3.46Indonesia : 0.39 0.03 2.00 2.00 0.02 0.05 0.35Thailand : 0.32 3/ 1.60 1.60 0.00 0.03 0.29Bangladesh : 0.62 0.04 3.80 3.75 0.00 0.01 0.70 Vietnam : 0.25 0.01 1.25 1.25 0.00 0.00 0.26

:: 2009/10 (Estimated):

World : 60.42 101.36 36.19 117.74 35.54 -2.00 46.69United States : 6.34 12.19 3/ 3.46 12.04 0.08 2.95Total foreign : 54.08 89.18 36.19 114.28 23.50 -2.08 43.75Major exporters 4/ : 21.08 41.82 1.54 28.75 20.11 -0.19 15.77Central Asia 5/ : 3.37 5.99 3/ 1.69 5.82 0.00 1.86Afr. Fr. Zone 6/ : 0.75 2.22 3/ 0.18 2.27 0.00 0.52S. Hemis. 7/ : 7.38 8.98 0.39 5.70 4.95 -0.20 6.30Australia : 0.93 1.78 3/ 0.04 2.12 -0.07 0.62Brazil : 4.99 5.35 0.15 4.40 1.99 -0.15 4.25India : 8.92 23.20 0.60 19.50 6.55 0.00 6.67

Major importers 8/ : 31.28 44.88 32.00 81.36 2.23 -1.89 26.46Mexico : 0.76 0.42 1.39 1.90 0.08 0.03 0.58China : 22.37 32.00 10.90 49.00 0.02 -2.00 18.25EU-27 9/ : 0.65 1.01 0.91 1.00 1.05 0.05 0.47Turkey : 1.65 1.75 4.39 5.80 0.15 -0.08 1.93Pakistan : 3.46 9.60 1.40 11.00 0.70 0.03 2.73Indonesia : 0.35 0.03 2.10 2.05 0.02 0.05 0.36Thailand : 0.29 3/ 1.81 1.78 0.01 0.03 0.30Bangladesh : 0.70 0.05 4.00 4.00 0.00 0.01 0.74 Vietnam : 0.26 0.02 1.70 1.60 0.00 0.00 0.38

================================================================================1/ Marketing year beginning August 1. Totals may not add exactly and trademay not balance due to rounding and other factors. 2/ Generally reflectscotton lost or destroyed in the marketing channel; for Australia, Brazil,China, and the United States, reflects the difference between implicit stocksbased on supply less total use and indicated ending stocks. 3/ Less than5,000 bales. 4/ Includes Egypt and Syria in addition to the countries andregions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan,

Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, CentralAfrican Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe.8/ In addition to the countries and regions listed, includes Hong Kong, Japan,Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade.


27/40


28/40


World Soybean Supply and Use 1/(Million Metric Tons)


Region : : : : : :stocks:Beginning:Produc-: : Domestic : :: stocks : tion :Imports: Crush : Total :Exports:

===============================================================================:: 2008/09

World 2/ : 52.89 211.96 77.17 192.71 220.79 77.25 43.98United States : 5.58 80.75 0.36 45.23 48.11 34.82 3.76Total foreign : 47.31 131.22 76.81 147.48 172.68 42.44 40.22Major exporters 3/ : 40.85 93.80 1.30 64.61 69.09 38.21 28.65Argentina : 21.76 32.00 1.24 31.24 32.82 5.59 16.59Brazil : 18.90 57.80 0.04 31.87 34.72 29.99 12.04Major importers 4/ : 5.61 17.58 64.50 61.66 77.19 0.45 10.05China : 4.25 15.54 41.10 41.04 51.44 0.40 9.05EU-27 : 0.81 0.64 13.21 12.86 14.09 0.02 0.56Japan : 0.27 0.26 3.40 2.50 3.75 0.00 0.18Mexico : 0.06 0.15 3.33 3.47 3.50 0.00 0.04


World 2/ : 43.98 259.92 87.72 209.22 238.43 92.75 60.44United States : 3.76 91.42 0.41 47.67 50.70 40.77 4.11

Total foreign : 40.22 168.50 87.31 161.55 187.72 51.98 56.33Major exporters 3/ : 28.65 130.70 0.20 69.05 73.66 47.08 38.80Argentina : 16.59 54.50 0.00 33.93 35.51 13.10 22.48Brazil : 12.04 69.00 0.19 33.57 36.47 28.58 16.17Major importers 4/ : 10.05 16.86 74.24 69.31 85.31 0.27 15.56China : 9.05 14.70 50.50 48.83 59.43 0.20 14.62EU-27 : 0.56 0.86 12.90 12.50 13.77 0.04 0.51Japan : 0.18 0.23 3.60 2.53 3.83 0.00 0.18Mexico : 0.04 0.11 3.45 3.51 3.55 0.00 0.05

:: 2010/11 (Projected)



Total foreign :




Brazil Sep : 16.60 65.00 0.18 33.00 36.00 30.40 15.37Oct : 16.17 67.00 0.18 33.10 36.10 31.40 15.85

Major importers 4/ :September : 15.21 16.71 79.35 77.60 94.12 0.52 16.64October : 15.56 16.71 79.35 77.80 94.32 0.52 16.79

China Sep : 14.27 14.40 55.00 56.70 67.72 0.45 15.50Oct : 14.62 14.40 55.00 56.90 67.92 0.45 15.65

EU-27 Sep : 0.51 1.00 13.00 12.60 13.82 0.03 0.66Oct : 0.51 1.00 13.00 12.60 13.82 0.03 0.66

Japan Sep : 0.18 0.23 3.66 2.59 3.89 0.00 0.17Oct : 0.18 0.23 3.66 2.59 3.89 0.00 0.17

Mexico Sep : 0.05 0.11 3.60 3.67 3.71 0.00 0.05Oct : 0.05 0.11 3.60 3.67 3.71 0.00 0.05

===============================================================================1/ Data based on local marketing years except Argentina and Brazil which areadjusted to an October-September year. 2/ World imports and exports may notbalance due to differences in local marketing years and to time lags betweenreported exports and imports. Therefore, world supply may not equal worlduse. 3/ Argentina, Brazil and Paraguay. 4/ Japan, China, and EU, Mexico, andSoutheast Asia (includes Indonesia, Malaysia, Philippines, and Thailand).


29/40


World Soybean Meal Supply and Use 1/(Million Metric Tons)


Region : : : : : : stocks:Beginning:Produc-: : Total : :: stocks : tion :Imports: Domestic: Exports :

===============================================================================:: 2008/09

World 2/ : 6.36 151.43 51.18 151.94 52.82 4.23United States : 0.27 35.47 0.08 27.90 7.71 0.21Total foreign : 6.10 115.96 51.10 124.04 45.11 4.01Major exporters 3/ : 3.83 54.81 0.10 15.00 40.94 2.79Argentina : 1.14 24.36 0.00 0.63 24.03 0.85Brazil : 2.59 24.70 0.08 12.42 13.11 1.84India : 0.11 5.75 0.01 1.95 3.81 0.10Major importers 4/ : 1.27 44.10 28.19 71.70 1.53 0.33EU-27 : 1.07 10.13 20.98 31.58 0.47 0.13China : 0.00 32.48 0.22 31.67 1.02 0.00


World 2/ : 4.23 164.83 52.48 160.69 55.06 5.78United States : 0.21 37.72 0.13 27.67 10.12 0.27Total foreign : 4.01 127.11 52.35 133.02 44.95 5.51

Major exporters 3/ : 2.79 58.10 0.11 16.11 40.63 4.26Argentina : 0.85 26.42 0.00 0.67 24.70 1.89Brazil : 1.84 26.02 0.10 12.79 12.98 2.20India : 0.10 5.66 0.01 2.65 2.95 0.17Major importers 4/ : 0.33 50.08 29.10 77.33 1.75 0.43EU-27 : 0.13 9.85 21.50 30.88 0.45 0.15China : 0.00 38.64 0.07 37.46 1.25 0.00




Total foreign :September : 4.60 138.69 55.48 144.45 49.41 4.92October : 5.51 139.09 55.18 144.55 49.46 5.78


Argentina Sep : 0.87 30.61 0.00 0.70 29.55 1.24Oct : 1.89 30.46 0.00 0.71 29.55 2.10

Brazil Sep : 2.23 25.58 0.12 13.40 12.45 2.08Oct : 2.20 25.65 0.12 13.37 12.45 2.15

India Sep : 0.17 6.15 0.01 2.96 3.20 0.17Oct : 0.17 6.30 0.01 3.07 3.24 0.17

Major importers 4/ :September : 0.50 56.50 31.05 85.77 1.70 0.59October : 0.43 56.66 31.05 85.93 1.70 0.52

EU-27 Sep : 0.23 9.93 23.05 32.46 0.45 0.30Oct : 0.15 9.93 23.05 32.46 0.45 0.22

China Sep : 0.00 44.91 0.15 43.86 1.20 0.00Oct : 0.00 45.07 0.15 44.02 1.20 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 maynot balance due to differences in local marketing years and to time lagsbetween reported exports and imports. Therefore, world supply may not equalworld use. 3/ Argentina, Brazil, and India. 4/ Eastern Europe, China, EU,and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand).


30/40


World Soybean Oil Supply and Use 1/(Million Metric Tons)


Region : : : : : : stocks:Beginning:Produc-: : Total : :: stocks : tion :Imports: Domestic: Exports :

===============================================================================:: 2008/09

World 2/ : 3.12 35.70 8.92 35.87 9.12 2.75United States : 1.13 8.50 0.04 7.38 1.00 1.30Total foreign : 2.00 27.19 8.88 28.49 8.13 1.45Major exporters 3/ : 0.94 14.35 0.80 8.48 7.01 0.59Argentina : 0.30 5.91 0.00 1.43 4.70 0.08Brazil : 0.43 6.12 0.01 4.27 1.91 0.37EU-27 : 0.21 2.31 0.79 2.78 0.40 0.14Major importers 4/ : 0.29 8.60 3.60 11.83 0.09 0.57China : 0.23 7.31 2.49 9.49 0.08 0.47India : 0.06 1.29 1.06 2.30 0.00 0.10Pakistan : 0.01 0.00 0.04 0.05 0.00 0.00


World 2/ : 2.75 38.67 8.66 38.09 9.08 2.91United States : 1.30 8.87 0.05 7.24 1.54 1.44

Total foreign : 1.45 29.80 8.61 30.85 7.54 1.47Major exporters 3/ : 0.59 15.14 0.60 9.34 6.24 0.74Argentina : 0.08 6.45 0.00 1.91 4.40 0.22Brazil : 0.37 6.44 0.05 5.05 1.44 0.37EU-27 : 0.14 2.25 0.55 2.38 0.40 0.16Major importers 4/ : 0.57 9.97 3.13 13.17 0.08 0.41China : 0.47 8.70 1.60 10.44 0.08 0.25India : 0.10 1.27 1.50 2.71 0.00 0.16Pakistan : 0.00 0.00 0.03 0.03 0.00 0.00




Total foreign :

September : 1.34 32.56 8.81 33.42 8.10 1.18October : 1.47 32.67 8.82 33.51 8.14 1.30


Argentina Sep : 0.14 7.57 0.00 2.28 5.25 0.17Oct : 0.22 7.53 0.00 2.24 5.25 0.25

Brazil Sep : 0.33 6.33 0.05 5.21 1.22 0.28Oct : 0.37 6.35 0.05 5.20 1.25 0.32

EU-27 Sep : 0.16 2.27 0.55 2.54 0.30 0.14Oct : 0.16 2.27 0.55 2.54 0.30 0.14

Major importers 4/ :September : 0.40 11.51 3.24 14.80 0.07 0.27October : 0.41 11.57 3.24 14.89 0.07 0.26

China Sep : 0.24 10.12 2.00 12.07 0.07 0.22Oct : 0.25 10.16 2.00 12.13 0.07 0.21

India Sep : 0.16 1.39 1.20 2.69 0.00 0.05Oct : 0.16 1.42 1.20 2.72 0.00 0.05

Pakistan Sep : 0.00 0.00 0.04 0.04 0.00 0.00Oct : 0.00 0.00 0.04 0.04 0.00 0.00

===============================================================================1/ Data based on local marketing years except for Argentina and Brazil whichare adjusted to an October-September year. 2/ World imports and exports maynot balance due to differences in local marketing years and to time lagsbetween reported exports and imports. Therefore, world supply may not equalworld use. 3/ Argentina, Brazil and EU. 4/ India, China and Pakistan.


31/40

WASDE-487-31 October 2010U.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 lbs2009 :IV : 6426 5996 12504 8827 1441 10385 22889 1924 46.3

Annual : 25965 22999 49274 35511 5663 41674 90947 7534 189.3

:2010 :I : 6251 5607 11936 8732 1340 10188 22124 1867 47.4II : 6549 5301 11922 9198 1383 10706 22628 1891 49.7III : 6760 5380 12211 9400 1400 10935 23146 1915 48.0IV* : 6270 5850 12196 9100 1425 10650 22846 1965 47.7

Annual :Sep Proj : 25705 22203 48206 36380 5548 42419 90625 7603 192.7Oct Proj : 25830 22138 48265 36430 5548 42479 90744 7638 192.8

:2011 :I* : 6165 5580 11820 8975 1375 10465 22285 1890 48.6II* : 6300 5340 11711 9300 1375 10800 22511 1895 50.5III* : 6490 5530 12092 9525 1390 11045 23137 1905 48.6

Annual :Sep Proj : 25115 22640 48047 37325 5600 43425 91472 7660 196.2Oct Proj : 25235 22475 48002 37075 5560 43135 91137 7635 196.0===============================================================================

* Projection.1/ Commercial production for

World Agricultural Supply & Demand Oct 2010

Documents

Transcript of World Agricultural Supply & Demand Oct 2010