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WASDE Report 3-10-10

Published on: 10:40AM Mar 10, 2010

 

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ISSN: 1554-9089

 

WASDE - 480   March 10, 2010

 

WHEAT:   U.S. wheat ending stocks for 2009/10 are projected 20 million bushels higher as a reduction in

expected food use pushes ending stocks to 1 billion bushels.  Projected food use is lowered 20 million bushels based on the latest mill grind data from the U.S. Bureau of Census. High flour extraction rates for a second straight year are reducing the amount of grain needed to produce flour.  At the same time, declining per capita consumption is reducing demand for flour and wheat.  Exports of all wheat are unchanged, but hard red winter wheat exports are raised 10 million bushels with an offsetting reduction for white wheat. 

By-class adjustments reflect the pace of export sales and shipments to date.  The projected marketing-year average farm price is raised 5 cents on both ends of the range to $4.80 to $5.00 per bushel as prices received by producers remain stronger than expected.

Global wheat supplies for 2009/10 are projected 2.1 million tons higher mostly reflecting higher beginning stocks in Russia and higher production in Argentina.  Beginning stocks are raised 2.1 million tons for Russia with historical revisions to estimated feed use.  Partly offsetting are small reductions in 2009/10 beginning stocks for a number of other countries reflecting minor revisions to 2008/09 supplies and usage.  Argentina production for 2009/10 is raised 0.6 million tons on higher reported area.  Partly offsetting is a 0.3-million-ton reduction in Saudi Arabia production based on lower reported area and yields.  A number of other smaller changes leave global production up 0.6 million tons this month.

Global wheat imports and exports for 2009/10 are both raised this month.  Imports are raised 0.4 million tons for Bangladesh and 0.3 million tons for South Korea with smaller increases for a number of other countries.  Partly offsetting are small reductions in imports for Israel, Mexico, Tunisia, and Colombia.  Exports are raised 0.5 million tons for Argentina and 0.2 million tons each for Brazil, India, and Serbia.  Most of the trade adjustments this month reflect the pace of reported shipments to date.  Global 2009/10 wheat consumption is raised 1.2 million tons with a 1.0-million-ton increase in China wheat feeding and a 0.8-million-ton increase in India food use.  The reduction in U.S. food use is partly offsetting.  Global ending stocks are projected 0.9 million tons higher with larger stocks in Russia and the United States only partly offset by reductions elsewhere.  At 196.8 million tons, 2009/10 world stocks are up 73.5 million tons or 60 percent from the recent low in 2007/08.

COARSE GRAINS:  U.S. feed grain supplies for 2009/10 are projected slightly lower with a downward revision in estimated corn production and a reduction in projected barley imports.  Corn production is lowered 20 million bushels based on updated estimates of yields for Illinois and Minnesota, and harvested area for Michigan.  U.S. corn production remains a record at the revised estimate of 13.1 billion bushels.  U.S. corn exports are lowered 100 million bushels as larger foreign supplies increase competition. 

U.S. corn ending stocks for 2009/10 are projected 80 million bushels higher with the downward revision in production more than offset by reduced export prospects. 

The projected 2009/10 marketing-year average farm price for corn is lowered 20 cents on the top end of the range to $3.45 to $3.75 per bushel.  Projected farm prices are also lowered for sorghum and oats.  The all barley farm price is projected higher at $4.40 to $4.60 per bushel compared with $4.25 to $4.55 per bushel last month.  Farmer marketings of higher priced malting barley make up a larger-than-normal share of total barley sales, compared with feed barley, boosting the weighted average price for all barley.

Global coarse grain supplies for 2009/10 are projected 5.7 million tons higher this month mostly reflecting larger global corn supplies.  Coarse grain beginning stocks are raised 1.0 million tons with more than half of the increase from corn as an upward revision for 2008/09 production in Argentina and lower 2008/09 exports for South Africa boost world corn carryin for 2009/10.  World coarse grain production for 2009/10 is raised 4.7 million tons with higher corn and sorghum production more than offsetting lower barley, rye, and mixed grain output. 

World corn production for 2009/10 is raised 5.9 million tons with Argentina production increased 3.8 million and South Africa production increased 2.0 million.  Harvested area and yield are raised for both countries as abundant soil moisture and lack of stressful heat during the past month supported crops through critical stages of development.  Partly offsetting is a 0.5-million-ton reduction for India corn and the lower U.S. corn production estimate.  Global sorghum production is raised 0.6 million tons with increases for Argentina and India outweighing a reduction for Australia.  Global barley production is lowered 1.2 million tons with

reductions for China, Argentina, and Mexico.  Lower world rye and mixed grain production reflect reductions for EU-27.

Global coarse grain imports and exports for 2009/10 are largely unchanged, but major shifts among exporters mostly reflect larger corn supplies in Argentina and South Africa.  Corn exports are raised 2.5 million tons for Argentina and 1.0 million tons for South Africa.  Corn exports are also raised 0.5 million tons for India.  Mostly offsetting are corn export reductions of 1.0 million tons for Brazil and 2.5 million tons for the United States.  Global corn exports are raised 0.7 million tons, but a 0.6-million-ton reduction in global

barley exports is nearly offsetting.  Barley exports are lowered for EU-27 and Argentina.  Global consumption of coarse grains and corn, in particular, are little changed, raising ending stocks with the increase in production.  Global corn ending stocks for 2009/10 are projected 6.1 million tons higher with increases in most of the world's major corn exporting countries, including the United States, Argentina, South Africa, and Brazil.

RICE: No changes are made on the supply side of the U.S. 2009/10 rice supply and use balance.  On the use side, domestic and residual use is unchanged from a month ago; however, all rice exports for 2009/10 are lowered 1 million cwt to 100 million.  Rough exports are raised 2 million cwt, while combined milled and brown exports (on a rough-equivalent basis) are lowered 3.0 million.  Long-grain exports are lowered 1.0 million cwt to 69.0 million, while combined medium- and short-grain exports are unchanged at 31.0 million.  All rice ending stocks are projected at 40.8 million cwt, 1.0 million above last month, and up 10.4 million from 2008/09.

The 2009/10 long-grain season-average price is projected at $12.70 to $13.20 per cwt, down 20 cents on each end of the range from last month.  The combined medium- and short-grain price is projected at $17.45 to $17.95 per cwt, down 5 cents on each end of the range.  The all rice season-average price is forecast at $13.90 to $14.40 per cwt, down 15 cents on both ends of the range.  The price projections are based on the National Agricultural Statistics Service reported prices through mid-February and expected prices the remainder of the marketing year.  Global prices have weakened over the last month due in part to a softening in import demand and an increase in available supplies of the major exporters.

Global 2009/10 rice production, consumption, trade, and ending stocks are increased from last month.  The 4.0-million-ton increase in world production to 440.3 million is due mostly to increases for India and Bangladesh, up 2.5 million and 1.6 million, respectively.  The production changes for both India and Bangladesh are based on information received in March from the Agricultural Counselor's office in New Delhi and official in-country statistics.  Small production increases are made in the European Union, Cuba, and Malaysia.  Production is lowered slightly in Venezuela, Chile, and the Philippines.  World consumption is projected at a record 440.6 million tons, up 3.4 million from last month, and up 1 percent from 2008/09.  The increase in consumption is due mostly to increases for India, Bangladesh, and China. Vietnam's 2009/10 exports are raised to 5.75 million tons, while China's exports are lowered to 0.85 million.  Imports are raised for the Philippines, Malaysia, Nigeria, and South Africa, but lowered for Saudi Arabia and India.  Global ending stock are lowered 1.6 million tons to 90.9 million due mostly to a reduction in China's stocks.  China's 2009/10 ending stocks are estimated at 40.8 million tons, down 4.4 million from a month ago, and down about 0.5 percent from 2008/09.  The changes in China's supply and use balance for 2008/09 and 2009/10 are based mostly on a report from the Agricultural Counselor's office in Beijing. 

The report raised domestic consumption in 2008/09 and 2009/10 by 4.0 million tons and 1.0 million, respectively. 

Partially offsetting the decline in China's stocks are increases for India, Bangladesh, Malaysia, and the Philippines.

OILSEEDS:  U.S. soybean ending stocks for 2009/10 are projected at 190 million bushels, down 20 million from last month.  Soybean production is estimated at 3.359 billion bushels, down 2 million from the January estimate as reported in the March Crop Production report.  Soybean exports are raised 20 million bushels to a record 1.420 billion reflecting the strong export pace to date.  Soybean crush is raised 10 million bushels to 1.730 billion based on a lower projected soybean meal extraction rate.  Total soybean meal use remains unchanged as higher projected exports are offset by reduced domestic disappearance.  Soybean oil stocks are projected higher due to increased production and lower domestic food use.  Soybean oil used for biodiesel is unchanged at 2.2 billion pounds despite a drop in production in January resulting from the loss of the $1.00 per gallon blending tax credit at the end of 2009.  Offsetting production gains are expected later in the year as diesel suppliers increase blending to meet biodiesel mandates.

The U.S. season-average soybean price range for 2009/10 is narrowed to $8.95 to $9.95 per bushel.  The soybean meal price is projected at $280 to $310 per short ton compared with $270 to $320 previously.  The soybean oil price is projected at 33.5 to 36.5 cents per pound, unchanged from last month.

Global oilseed production for 2009/10 is projected at 435.3 million tons, up 1.6 million tons from last month.  Higher projections for soybeans, peanuts, rapeseed, and palm kernel are only partly offset by lower cottonseed and sunflowerseed production.  Global soybean production is raised 0.9 million tons to 255.9 million.  Soybean production for Brazil is projected at a record 67 million tons, up 1 million from last month based on higher yields and harvested area.  Soybean production for Paraguay is reduced due to lower harvested area.  Global cottonseed production is reduced mostly due to reductions for China and Uzbekistan. Other changes include increased rapeseed production for Australia, increased peanut and sunflowerseed production for China, increased palm kernel production for Indonesia, and reduced sunflowerseed production for South Africa.  Palm oil production was increased for Indonesia for both 2008/09 and 2009/10.

Global oilseed ending stocks for 2009/10 are projected at 71.8 million tons, up 0.9 million from last month.  Soybeans account for most of the change with increases for Argentina, Brazil, and India only partly offset by lower projected U.S. stocks.

SUGAR:  Projected 2009/10 sugar supply is decreased 30,000 short tons, raw value, from last month, due to lower cane sugar production for Texas.  On the use side, deliveries of sugar are reduced 50,000 tons, based on pace to date.

For Mexico, projected 2009/10 sugar supply is increased 50,000 metric tons, raw value, from last month.  Production is decreased 200,000 tons based on continued reports of weather-reduced sugar yields.  Imports are increased 250,000 tons based on the import quota announced by Mexico in February.  On the use side, consumption of sugar is reduced 300,000 tons to account for increased substitution by corn-based sweeteners.  Mexico=s ending stocks of sugar are increased 350,000 tons.

LIVESTOCK, POULTRY, AND DAIRY:  Total U.S. meat production for 2010 is reduced as lower pork and turkey

production more than offset higher broiler production.  Beef production is little changed as higher first-quarter steer and heifer slaughter is offset by lower carcass weights.  Winter weather has stressed cattle in many parts of the country which is reflected in lighter carcass weights.  Pork production is lowered as slaughter in the first and second quarters are reduced and weights during the first quarter have been lighter than expected.  USDA will release the Quarterly Hogs and Pigs report on March 26, which will provide an indication of producer responses to moderating feed prices and improved hog prices.  The turkey production forecast is reduced.  Relatively weak turkey prices in 2009 reduced incentives to expand production and hatchery data continues to point to lower production in 2010.  Broiler production is forecast higher as hatchery and slaughter data point to larger production in the first quarter. 

Export forecasts are unchanged from last month for the major meats.  Although the recent resolution of pork sanitary issues will permit exports to Russia, exports to that market will be limited by import quotas.

Cattle, hog, and poultry price forecasts are raised for 2010 as tighter meat supplies are forecast this month.The milk production forecast is raised for 2010 with milk

production expected to be fractionally above 2009.  Cow slaughter is relatively low and January milk cow numbers were higher than expected.  The pace of herd reduction is slowed from last month.  Dairy exports on both a fat and skim-solids basis for 2010 are lowered, due to slightly weaker-than-expected international demand during the early part of the year. Imports for 2009 are adjusted to reflect December trade.  Fat and skim-solids ending stocks are forecast higher for 2010 as production is increased and exports are reduced.  Cheese prices are reduced as higher stocks are expected to pressure prices.  Butter price forecasts are raised slightly on the strength of current demand although higher milk supplies and weaker cheese prices may encourage higher butter production pressuring prices later in the year.  Nonfat dry milk (NDM) prices are forecast lower as export demand lags.  Whey prices are raised slightly reflecting recent market strength.  The Class III price is reduced as weaker cheese prices more than outweigh gains in whey prices.  The Class IV price forecast is lowered reflecting weaker NDM prices which more than offset higher butter prices.  The all milk price for 2010 is forecast at $15.55 to $16.15 per cwt.

COTTON:  The U.S. cotton estimates for 2009/10 include higher domestic mill use and lower ending stocks this month.  Production and exports are unchanged.  Domestic mill use is raised 100,000 bales to 3.5 million, reflecting higher consumption in the months of November through January.

Ending stocks are forecast at 3.2 million bales, 20.6 percent of total use.  The range for the marketing-year average price received by producers is raised 1.5 cents on the lower end and 0.5 cents on the higher end to 60.5 to 65.5 cents per pound.

A combination of slightly lower production and slightly higher consumption is reducing forecast world cotton 2009/10 ending stocks from last month.  Production is reduced for China and Uzbekistan, but raised for Brazil and Turkmenistan.  Consumption estimates are raised for Turkey, Vietnam, and the United States, partially offset by a reduction for Pakistan, which is based on a recent policy change to limit yarn exports.  World trade is raised 2 percent, reflecting higher imports by China, Turkey, and Vietnam, which more than offset a decrease for Pakistan. 

World stocks are reduced nearly 700,000 bales, a decline of just over 1 percent from last month.

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.

 

New WASDE Report Formats Available USDA is introducing two new formats for the World Agricultural Supply and Demand Estimates (WASDE) report.  USDA will post XML and Microsoft Excel file versions of the report by 12:00 noon following the regular 8:30 a.m. EST release of the report in TXT and PDF file formats.  The new file versions will be posted at:  http://www.usda.gov/oce/commodity/wasde/newformat.htm. 

 

 

                                 WASDE-480-8                    March 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/       :

      2007/08         :  2,122.99   2,466.53     275.59    2,101.37    365.16

      2008/09 (Est.)  :  2,234.58   2,599.74     284.30    2,152.38    447.35

      2009/10 (Proj.) :

          February    :  2,209.20   2,656.12     265.40    2,188.49    467.63

             March    :  2,218.46   2,665.82     266.22    2,192.97    472.85

Wheat                 :

      2007/08         :    610.42     740.20     117.20      616.93    123.27

      2008/09 (Est.)  :    682.65     805.92     142.96      640.35    165.57

      2009/10 (Proj.) :

          February    :    677.44     841.45     123.80      645.60    195.86

             March    :    678.01     843.58     125.05      646.80    196.77

Coarse grains 4/      :

      2007/08         :  1,078.47   1,217.14     127.13    1,056.20    160.94

      2008/09 (Est.)  :  1,104.51   1,265.44     112.61    1,074.88    190.56

      2009/10 (Proj.) :

          February    :  1,095.48   1,285.04     110.55    1,105.77    179.27

             March    :  1,100.18   1,290.74     110.61    1,105.59    185.15

Rice, milled          :

      2007/08         :    434.09     509.19      31.26      428.24     80.95

      2008/09 (Est.)  :    447.42     528.37      28.72      437.15     91.22

      2009/10 (Proj.) :

          February    :    436.28     529.62      31.05      437.12     92.50

             March    :    440.28     531.50      30.56      440.57     90.93

                      :

                      :                     United States

Total grains 3/       :

      2007/08         :    412.03     469.15     107.61      307.23     54.32

      2008/09 (Est.)  :    400.40     461.84      81.80      314.14     65.90

      2009/10 (Proj.) :

          February    :    417.60     489.86      80.46      333.01     76.39

             March    :    417.08     489.23      77.88      332.47     78.88

Wheat                 :

      2007/08         :     55.82      71.30      34.36       28.61      8.32

      2008/09 (Est.)  :     68.02      79.80      27.64       34.29     17.87

      2009/10 (Proj.) :

          February    :     60.31      81.31      22.45       32.17     26.69

             March    :     60.31      81.31      22.45       31.62     27.23

Coarse grains 4/      :

      2007/08         :    349.86     389.48      69.89      274.53     45.06

      2008/09 (Est.)  :    325.87     373.98      51.17      275.75     47.06

      2009/10 (Proj.) :

          February    :    350.26     399.88      54.78      296.67     48.43

             March    :    349.74     399.25      52.23      296.68     50.34

Rice, milled          :

      2007/08         :      6.34       8.37       3.35        4.08      0.94

      2008/09 (Est.)  :      6.52       8.07       2.99        4.10      0.97

      2009/10 (Proj.) :

          February    :      7.03       8.67       3.23        4.17      1.27

             March    :      7.03       8.67       3.20        4.17      1.31

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

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-480-9                    March 2010

 

              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/       :

      2007/08         :  1,710.96   1,997.37     167.99    1,794.15    310.83

      2008/09 (Est.)  :  1,834.18   2,137.90     202.50    1,838.25    381.45

      2009/10 (Proj.) :

          February    :  1,791.60   2,166.26     184.94    1,855.48    391.24

             March    :  1,801.38   2,176.58     188.34    1,860.49    393.97

Wheat                 :

      2007/08         :    554.60     668.90      82.83      588.32    114.95

      2008/09 (Est.)  :    614.64     726.13     115.33      606.06    147.71

      2009/10 (Proj.) :

          February    :    617.13     760.14     101.35      613.43    169.17

             March    :    617.69     762.27     102.60      615.18    169.54

Coarse grains 5/      :

      2007/08         :    728.61     827.65      57.24      781.67    115.88

      2008/09 (Est.)  :    778.64     891.46      61.44      799.13    143.50

      2009/10 (Proj.) :

          February    :    745.23     885.16      55.78      809.10    130.84

             March    :    750.44     891.49      58.38      808.91    134.81

Rice, milled          :

      2007/08         :    427.75     500.82      27.92      424.16     80.01

      2008/09 (Est.)  :    440.91     520.31      25.73      433.05     90.24

      2009/10 (Proj.) :

          February    :    429.25     520.95      27.82      432.96     91.23

             March    :    433.25     522.83      27.36      436.40     89.62

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

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

      2007/08         :    119.91     183.04      38.47      122.97     62.66

      2008/09 (Est.)  :    107.45     170.11      30.18      110.11     62.42

      2009/10 (Proj.) :

          February    :    102.74     165.16      33.77      115.53     52.08

             March    :    102.24     164.66      34.40      115.70     51.41

                      :                     United States

      2007/08         :     19.21      28.70      13.65        4.59     10.04

      2008/09 (Est.)  :     12.82      22.86      13.28        3.59      6.34

      2009/10 (Proj.) :

          February    :     12.40      18.74      12.00        3.40      3.30

             March    :     12.40      18.74      12.00        3.50      3.20

                      :                        Foreign 3/

      2007/08         :    100.70     154.34      24.82      118.38     52.61

      2008/09 (Est.)  :     94.64     147.25      16.90      106.52     56.08

      2009/10 (Proj.) :

          February    :     90.34     146.42      21.77      112.13     48.78

             March    :     89.84     145.92      22.40      112.20     48.21

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

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-480-10                    March 2010

 

                 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              :

      2007/08         :    391.79     465.06     92.57      338.84     61.67

      2008/09 (Est.)  :    395.57     457.24     94.19      339.43     54.94

      2009/10 (Proj.) :

          February    :    433.73     487.98     96.26      350.84     70.95

             March    :    435.30     490.23     96.25      352.25     71.80

Oilmeals              :

      2007/08         :    231.15     238.94     71.24      229.29      7.46

      2008/09 (Est.)  :    229.31     236.77     68.28      228.80      6.46

      2009/10 (Proj.) :

          February    :    239.11     246.35     71.37      237.00      7.05

             March    :    239.54     246.00     71.47      236.39      6.64

Vegetable Oils        :

      2007/08         :    128.06     138.96     53.63      125.08     10.58

      2008/09 (Est.)  :    132.99     143.56     55.65      128.90     12.86

      2009/10 (Proj.) :

          February    :    137.29     149.75     56.82      135.47     12.03

             March    :    138.57     151.43     57.07      135.94     13.07

                      :

                      :                     United States

Oilseeds              :

      2007/08         :     82.45     100.74     33.05       53.50      6.91

      2008/09 (Est.)  :     89.20      97.41     35.80       49.35      5.62

      2009/10 (Proj.) :

          February    :     98.98     105.57     39.04       50.59      7.07

             March    :     98.93     105.62     39.56       50.82      6.53

Oilmeals              :

      2007/08         :     40.90      43.27      8.71       34.22      0.33

      2008/09 (Est.)  :     37.77      39.95      7.95       31.75      0.25

      2009/10 (Proj.) :

          February    :     38.99      41.27      9.38       31.56      0.33

             March    :     38.97      41.01      9.50       31.17      0.33

Vegetable Oils        :

      2007/08         :     10.53      15.38      1.68       12.23      1.46

      2008/09 (Est.)  :      9.65      14.34      1.46       11.20      1.68

      2009/10 (Proj.) :

          February    :      9.76      14.70      1.84       11.47      1.39

             March    :      9.80      14.58      1.78       11.22      1.58

                      :

                      :                      Foreign 3/

Oilseeds              :

      2007/08         :    309.34     364.32     59.53      285.35     54.76

      2008/09 (Est.)  :    306.37     359.84     58.39      290.08     49.32

      2009/10 (Proj.) :

          February    :    334.74     382.42     57.22      300.25     63.88

             March    :    336.37     384.61     56.69      301.44     65.27

Oilmeals              :

      2007/08         :    190.25     195.67     62.53      195.07      7.12

      2008/09 (Est.)  :    191.54     196.82     60.33      197.04      6.21

      2009/10 (Proj.) :

          February    :    200.12     205.08     62.00      205.44      6.71

             March    :    200.57     204.99     61.97      205.22      6.30

Vegetable Oils        :

      2007/08         :    117.54     123.59     51.95      112.84      9.11

      2008/09 (Est.)  :    123.34     129.22     54.19      117.69     11.18

      2009/10 (Proj.) :

          February    :    127.53     135.05     54.98      123.99     10.64

             March    :    128.77     136.85     55.29      124.71     11.50

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

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-480-11                    March 2010

 

                           U.S. Wheat Supply and Use 1/

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

                            :         :         :      2009/10  Projections

        Item                : 2007/08 : 2008/09 :==============================

                            :         :   Est.  :    February           March

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

Area                        :               Million acres

 Planted                    :   60.5       63.2          59.1            59.1

 Harvested                  :   51.0       55.7          49.9            49.9

Yield per harvested         :                   Bushels

    acre                    :   40.2       44.9          44.4            44.4

                            :             Million bushels

Beginning stocks            :    456        306           657             657

Production                  :  2,051      2,499         2,216           2,216

Imports                     :    113        127           115             115

  Supply, total             :  2,620      2,932         2,988           2,988

Food                        :    948        927           940             920

Seed                        :     88         75            72              72

Feed and residual           :     16        258           170             170

  Domestic, total           :  1,051      1,260         1,182           1,162

Exports                     :  1,263      1,015           825             825

  Use, total                :  2,314      2,275         2,007           1,987

Ending stocks               :    306        657           981           1,001

  CCC inventory             :      0          0             0               0

  Free stocks               :    306        657           981           1,001

    Outstanding loans       :      1         27            30              30

Avg. farm price ($/bu) 2/   :   6.48       6.78    4.75- 4.95      4.80- 5.00

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

                           

                       U.S. Wheat by Class: Supply and Use

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

   Year beginning           :  Hard  :   Hard  :  Soft  :       :       :     

     June 1                 : Winter :  Spring :  Red   : White : Durum : Total

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

2008/09 (estimated)         :                Million bushels

Beginning stocks            :    138        68      55       37       8     306

Production                  :  1,035       512     614      255      84   2,499

  Supply, total 3/          :  1,174       625     702      300     130   2,932

Domestic use                :    472       273     332      100      81   1,260

Exports                     :    447       210     199      136      24   1,015

  Use, total                :    919       483     531      236     105   2,275

Ending stocks, total        :    254       142     171       64      25     657

                            :

2009/10 (projected)         :

Beginning stocks            :    254       142     171       64      25     657

Production                  :    919       548     404      237     109   2,216

  Supply, total 3/          :  1,174       730     599      311     174   2,988

Domestic use                :    434       258     287       99      84   1,162

Exports                     :    320       195     105      160      45     825

  Use, total                :    754       453     392      259     129   1,987

  Ending stocks, total      :

                     March  :    420       277     207       52      45   1,001

                  February  :    421       272     203       40      45     981

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

Note: Totals may not add due to rounding.  1/ Marketing year beginning June 1.

2/ Marketing-year weighted average price received by farmers. 3/ Includes

imports.

 

                                 WASDE-480-12                    March 2010

 

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

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

                            :         :         :      2009/10  Projections

        Item                : 2007/08 : 2008/09 :==============================

                            :         :   Est.  :    February           March

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

FEED GRAINS                 :

Area                        :               Million acres

 Planted                    :  109.0      101.8         100.1           100.1

 Harvested                  :   98.3       91.0          89.6            89.6

Yield per harvested         :                Metric tons

     acre                   :   3.56       3.58          3.91            3.90

                            :             Million metric tons

Beginning stocks            :   36.2       45.1          47.0            47.0

Production                  :  349.7      325.7         350.1           349.6

Imports                     :    3.3        3.0           2.4             2.3

  Supply, total             :  389.1      373.7         399.6           398.9

Feed and residual           :  157.1      142.5         147.9           147.9

Food, seed & industrial     :  117.1      133.0         148.4           148.4

  Domestic, total           :  274.2      275.5         296.4           296.4

Exports                     :   69.9       51.2          54.8            52.2

  Use, total                :  344.1      326.6         351.1           348.6

Ending stocks, total        :   45.1       47.0          48.4            50.3

  CCC inventory             :    0.0        0.0           0.0             0.0

  Free stocks               :   45.1       47.0          48.4            50.3

    Outstanding loans       :    2.7        4.4           5.8             4.5

                            :

CORN                        :

Area                        :               Million acres

 Planted                    :   93.5       86.0          86.5            86.5

 Harvested                  :   86.5       78.6          79.6            79.6

Yield per harvested         :                  Bushels

    acre                    :  150.7      153.9         165.2           164.9

                            :               Million bushels

Beginning stocks            :  1,304      1,624         1,673           1,673

Production                  : 13,038     12,092        13,151          13,131

Imports                     :     20         14            10              10

  Supply, total             : 14,362     13,729        14,834          14,814

Feed and residual           :  5,913      5,246         5,550           5,550

Food, seed & industrial     :  4,387      4,953         5,565           5,565

 Ethanol for fuel 2/        :  3,049      3,677         4,300           4,300

  Domestic, total           : 10,300     10,198        11,115          11,115

Exports                     :  2,437      1,858         2,000           1,900

  Use, total                : 12,737     12,056        13,115          13,015

Ending stocks, total        :  1,624      1,673         1,719           1,799

  CCC inventory             :      0          0             0               0

  Free stocks               :  1,624      1,673         1,719           1,799

    Outstanding loans       :    106        171           225             175

Avg. farm price ($/bu) 3/   :   4.20       4.06    3.45- 3.95      3.45- 3.75

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

Note: Totals may not add due to rounding.  1/ Marketing year beginning

September 1 for corn and sorghum; June 1 for barley and oats.  2/ For a further

breakout of FSI corn uses including ethanol, see the ERS Feed Outlook table 5,

or Feed Grains Database at "www.ers.usda.gov/db/feedgrains." 3/ Marketing-year

weighted average price received by farmers.

 

                                 WASDE-480-13                    March 2010

 

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

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

                            :         :         :      2009/10  Projections

         Item               : 2007/08 : 2008/09 :==============================

                            :         :   Est.  :    February           March

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

                            :               Million bushels

SORGHUM                     :

Area planted (mil. acres)   :    7.7        8.3           6.6             6.6

Area harv. (mil. acres)     :    6.8        7.3           5.5             5.5

Yield (bushels/acre)        :   73.2       65.0          69.4            69.4

Beginning stocks            :     32         53            55              55

Production                  :    497        472           383             383

Imports                     :      0          0             0               0

   Supply, total            :    530        525           438             438

Feed and residual           :    165        232           150             150

Food, seed & industrial     :     35         95            90              90

   Total domestic           :    200        327           240             240

Exports                     :    277        143           150             150

   Use, total               :    477        471           390             390

Ending stocks, total        :     53         55            48              48

Avg. farm price ($/bu) 2/   :   4.08       3.20    3.10- 3.50      3.05- 3.35

                            :

BARLEY                      :

Area planted (mil. acres)   :    4.0        4.2           3.6             3.6

Area harv. (mil. acres)     :    3.5        3.8           3.1             3.1

Yield (bushels/acre)        :   60.0       63.6          73.0            73.0

Beginning stocks            :     69         68            89              89

Production                  :    210        240           227             227

Imports                     :     29         29            25              20

   Supply, total            :    308        337           341             336

Feed and residual           :     30         67            50              50

Food, seed & industrial     :    169        169           170             170

   Total domestic           :    199        236           220             220

Exports                     :     41         13             5               5

   Use, total               :    240        249           225             225

Ending stocks, total        :     68         89           116             111

Avg. farm price ($/bu) 2/   :   4.02       5.37    4.25- 4.55      4.40- 4.60

                            :

OATS                        :

Area planted (mil. acres)   :    3.8        3.2           3.4             3.4

Area harv. (mil. acres)     :    1.5        1.4           1.4             1.4

Yield (bushels/acre)        :   60.1       63.7          67.5            67.5

Beginning stocks            :     51         67            84              84

Production                  :     90         89            93              93

Imports                     :    123        115            95              95

   Supply, total            :    264        270           272             272

Feed and residual           :    120        109           125             125

Food, seed & industrial     :     74         74            75              75

   Total domestic           :    195        183           200             200

Exports                     :      3          3             3               3

   Use, total               :    198        186           203             203

Ending stocks, total        :     67         84            69              69

Avg. farm price ($/bu) 2/   :   2.63       3.15    2.00- 2.20      1.95- 2.05

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

Note: Totals may not add due to rounding.  1/ Marketing year beginning

September 1 for sorghum, June 1 for barley and oats.  2/ Marketing-year

weighted average price received by farmers.

 

                                  WASDE-480-14                    March 2010

 

                          U.S. Rice Supply and Use 1/

                 (Rough Equivalent of Rough and Milled Rice)

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

                            :         :         :      2009/10  Projections

        Item                : 2007/08 : 2008/09 :==============================

                            :         :   Est.  :    February           March

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

TOTAL                       :

Area                        :               Million acres

 Planted                    :   2.76       3.00          3.14            3.14

 Harvested                  :   2.75       2.98          3.10            3.10

Yield per harvested         :                    Pounds

   acre                     :  7,219      6,846         7,085           7,085

                            :

                            :            Million hundredweight

 Beginning stocks 2/        :   39.3       29.4          30.4            30.4

 Production                 :  198.4      203.7         219.9           219.9

 Imports                    :   23.9       19.2          21.0            21.0

   Supply, total            :  261.6      252.4         271.3           271.3

 Domestic & residual 3/     :  127.4      128.4         130.5           130.5

 Exports, total 4/          :  104.7       93.6         101.0           100.0

  Rough                     :   37.7       31.1          37.0            39.0

  Milled (rough equiv.)     :   67.1       62.5          64.0            61.0

   Use, total               :  232.2      222.0         231.5           230.5

 Ending stocks              :   29.4       30.4          39.8            40.8

Avg. milling yield (%) 5/   :   70.5       70.5          70.5            70.5

Avg. farm price ($/cwt) 6/  :  12.80      16.80   14.05-14.55     13.90-14.40

                            :

LONG GRAIN                  :

 Harvested acres (mil.)     :   2.05       2.35          2.27            2.27

 Yield (pounds/acre)        :  6,980      6,522         6,743           6,743

 Beginning stocks           :   28.5       19.0          20.1            20.1

 Production                 :  143.2      153.3         152.7           152.7

   Supply, total 7/         :  189.4      188.2         190.8           190.8

 Domestic & Residual 3/     :   91.3      103.0          99.5            99.5

 Exports 8/                 :   79.1       65.1          70.0            69.0

   Use, total               :  170.4      168.1         169.5           168.5

 Ending stocks              :   19.0       20.1          21.3            22.3

 Avg. farm price ($/cwt) 6/ :  12.40      14.90   12.90-13.40     12.70-13.20

                            :

MEDIUM & SHORT GRAIN        :

 Harvested acres (mil.)     :   0.70       0.63          0.84            0.84

 Yield (pounds/acre)        :  7,924      8,063         8,010           8,010

 Beginning stocks           :   10.0        9.1           8.0             8.0

 Production                 :   55.2       50.5          67.1            67.1

   Supply, total 7/         :   70.8       61.9          78.1            78.1

 Domestic & Residual 3/     :   36.1       25.3          31.0            31.0

 Exports 8/                 :   25.7       28.5          31.0            31.0

   Use, total               :   61.8       53.9          62.0            62.0

 Ending stocks              :    9.1        8.0          16.1            16.1

 Avg. farm price ($/cwt) 6/ :  14.60      24.80   17.50-18.00     17.45-17.95

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

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): 2007/08-0.8; 2008/09-1.3; 2009/10-2.4. 3/ Residual includes unreported

use, processing losses, and estimating errors.  Use by type may not add to

total rice use because of the difference in brokens between beginning and

ending stocks.  4/ Includes rough rice and milled rice exports.  Milled rice

exports are converted to an equivalent rough basis.  5/ Expressed as a percent,

i.e., the total quantity of whole kernel and broken rice produced divided by

the quantity of rough rice milled.  6/ Marketing-year weighted average price

received by farmers.  7/ Includes imports.  8/ Exports by type of rice are

estimated.

 

                                 WASDE-480-15                    March 2010

 

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

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

                           :         :         :      2009/10  Projections

        Item               : 2007/08 : 2008/09 :===============================

                           :         :   Est.  :    February           March

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

SOYBEANS:                  :               Million acres

Area                       :                           

  Planted                  :   64.7       75.7          77.5            77.5

  Harvested                :   64.1       74.7          76.4            76.4

                           :

                           :                   Bushels

Yield per harvested        :

    acre                   :   41.7       39.7          44.0            44.0

                           :

                           :             Million bushels

                           :

Beginning stocks           :    574        205           138             138

Production                 :  2,677      2,967         3,361           3,359

Imports                    :     10         13             8              15

  Supply, total            :  3,261      3,185         3,507           3,512

Crushings                  :  1,803      1,662         1,720           1,730

Exports                    :  1,159      1,283         1,400           1,420

Seed 3/                    :     89         90            94              89

Residual                   :      5         12            83              83

  Use, total               :  3,056      3,047         3,297           3,322

Ending stocks              :    205        138           210             190

Avg. farm price ($/bu) 2/  :  10.10       9.97    8.70-10.20     8.95 - 9.95

                           :

                           :

                           :               Million pounds

SOYBEAN OIL:               :

Beginning stocks           :  3,085      2,485         2,742           2,742

Production                 : 20,580     18,746        19,160          19,270

Imports                    :     65         90            75              75

  Supply, total            : 23,730     21,321        21,977          22,087

Domestic                   : 18,335     16,385        16,500          16,200

  For methyl ester         :  3,245      1,907         2,200           2,200

Exports                    :  2,911      2,193         3,250           3,250

  Use, total               : 21,246     18,578        19,750          19,450

Ending stocks              :  2,485      2,742         2,227           2,637

Average price (c/lb) 2/    :  52.03      32.16         33.50-          33.50-

                           :                            36.50           36.50

                           :

                           :           Thousand short tons

SOYBEAN MEAL:              :

Beginning stocks           :    343        294           235             235

Production                 : 42,284     39,104        40,525          40,525

Imports                    :    141         88           140             140

  Supply, total            : 42,768     39,486        40,900          40,900

Domestic                   : 33,232     30,743        30,600          30,400

Exports                    :  9,242      8,508        10,000          10,200

  Use, total               : 42,474     39,251        40,600          40,600

Ending stocks              :    294        235           300             300

Average price ($/s.t.) 2/  : 335.94     331.17        270.00-         280.00-

                           :                           320.00          310.00

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

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/ Seed use estimates are revised based on average row

width estimates.

 

                              WASDE-480-16                 March 2010

                       U.S. Sugar Supply and Use 1/

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

                        :           :         : 2009/10 Projections

      Item              : 2007/08   : 2008/09 :=======================

                        :           :   Est.  : February      March

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

                        :           1,000 short tons, raw value

                        :

Beginning stocks        :   1,799       1,660      1,451      1,451

Production 2/           :   8,152       7,484      7,972      7,942  

  Beet sugar            :   4,721       4,166      4,500      4,500  

  Cane sugar            :   3,431       3,318      3,472      3,442  

   Florida              :   1,645       1,577      1,665      1,665  

   Hawaii               :     182         192        137        137  

   Louisiana            :   1,446       1,397      1,500      1,500  

   Texas                :     158         152        170        140

Imports                 :   2,620       3,082      2,157      2,157   

  TRQ 3/                :   1,354       1,370      1,257      1,257  

  Other program 4/      :     565         308        350        350 

  Other 5/              :     701       1,404        550        550  

    Mexico              :     694       1,402        540        540  

     Total supply       :  12,571      12,226     11,580     11,550  

                        :

Exports                 :     203         137        150        150 

Deliveries              :  10,708      10,638     10,375     10,325   

  Food 6/               :  10,506      10,479     10,140     10,140  

  Other 7/              :     202         159        235        185  

Miscellaneous           :       0           0          0          0   

     Total use          :  10,911      10,775     10,525     10,475 

Ending stocks           :   1,660       1,451      1,055      1,075           

                        :                    

Stocks to use ratio     :    15.2        13.5       10.0       10.3  

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

1/ Fiscal years beginning Oct 1.  Includes Puerto Rico.  Historical data are from FSA,

"Sweetener Market Data" (SMD) except imports (U.S. Customs Service, Census Bureau). 2/

Production projections for 2009/10 are based on Crop Production and trend recovery

rates. 3/ For 2009/10, includes shortfall of 200,000 tons.  4/ Includes sugar under the

re-export and polyhydric alcohol programs.  5/ For 2009/10, other high-tier (10) and

other (0).  6/Combines SMD deliveries for domestic human food use, SMD miscellaneous uses,

and the difference between SMD imports and WASDE imports.  7/ Transfers to sugar-

containing products for reexport, and for nonedible alcohol and feed.

 

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

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

            :               Supply            :        Use       :            

   Fiscal   :====================================================: Ending

    year    : Beginning : Production: Imports : Domestic: Exports: stocks

            :  stocks   :           :         :    2/     :      :

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

                           1,000 metric tons, raw value

Sugar

2008/09 est.

        Feb      1,975        5,260      160       5,540    1,367      488

        Mar      1,975        5,260      160       5,540    1,367      488

2009/10 proj.

        Feb        488        5,100      720       5,300      490      518

        Mar        488        4,900      970       5,000      490      868`

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

1/ U.S. HFCS exports to Mexico (metric tons, dry-weight basis): Oct-Dec 2008 = 86,295;

Oct-Dec 2009 = 208,980; Oct-Sep 2008/09 = 297,231.  Footnote source: U.S. Census Bureau. 

2/Includes domestic consumption and Mexico's products export program (IMMEX).

 

                                 WASDE-480-17                    March 2010

 

                          U. S. Cotton Supply and Use 1/

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

                           :         :         :      2009/10  Projections

        Item               : 2007/08 : 2008/09 :===============================

                           :         :   Est.  :    February           March

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

                           :               Million acres

Area                       :                           

  Planted                  :  10.83       9.47          9.15            9.15

  Harvested                :  10.49       7.57          7.69            7.69

                           :

                           :                   Pounds

Yield per harvested        :

    acre                   :    879        813           774             774

                           :

                           :             Million 480 pound bales

                           :

Beginning stocks 2/        :   9.48      10.04          6.34            6.34

Production                 :  19.21      12.82         12.40           12.40

Imports                    :   0.01       0.00          0.01            0.01

  Supply, total            :  28.70      22.86         18.74           18.74

Domestic use               :   4.59       3.59          3.40            3.50

Exports                    :  13.65      13.28         12.00           12.00

  Use, total               :  18.24      16.86         15.40           15.50

Unaccounted 3/             :   0.41      -0.34          0.04            0.04

Ending stocks              :  10.04       6.34          3.30            3.20

                           :

Avg. farm price 4/         :   59.3       47.8     59.0-65.0       60.5-65.5

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

Note: Reliability calculations at end of report.

1/ Upland and extra-long staple; marketing year beginning August 1.  Totals may

not add due to rounding.  2/ Based on Bureau of Census data.  3/ Reflects the

difference between the previous season's supply less total use and ending

stocks based on Bureau of Census data.  4/ Cents per pound for upland cotton.

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

 

 

 

                                 WASDE-480-18                    March 2010

 

                         World Wheat Supply and Use 1/

                             (Million Metric Tons)

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

                      :          Supply         :           Use         :

                      :=========================:=======================:Ending

        Region        :         :       :       :  Domestic 2/  :       :stocks

                      :Beginning:Produc-:       :===============:       :

                      :  stocks : tion  :Imports: Feed : Total  :Exports:

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

                      :

                      :                      2007/08

                      :

World 3/              :  129.77  610.42  113.46   96.27  616.93  117.20  123.27

United States         :   12.41   55.82    3.07    0.43   28.61   34.36    8.32

Total foreign         :  117.36  554.60  110.39   95.83  588.32   82.83  114.95

  Major exporters 4/  :   26.26  171.76    7.47   58.18  134.95   47.07   23.47

   Argentina          :    1.37   18.00    0.02    0.08    5.13   11.19    3.07

   Australia          :    3.95   13.57    0.12    3.50    6.50    7.49    3.65

   Canada             :    6.87   20.05    0.39    2.17    6.79   16.12    4.41

   EU-27 5/           :   14.08  120.13    6.94   52.44  116.54   12.27   12.34

  Major importers 6/  :   62.16  175.27   59.11   10.76  226.02    8.72   61.81

   Brazil             :    0.98    3.83    6.71    0.10   10.30    0.77    0.45

   China              :   38.45  109.30    0.05    8.00  106.00    2.84   38.96

   Select. Mideast 7/ :    6.73   20.40    9.33    1.15   29.26    0.56    6.64

   N. Africa 8/       :    9.75   13.95   21.73    0.25   36.04    0.26    9.13

   Pakistan           :    1.99   23.30    1.49    0.40   22.40    2.20    2.18

   Southeast Asia 9/  :    2.61    0.00   10.96    0.46   10.52    0.50    2.55

  Selected other      :

   India              :    4.50   75.81    1.96    0.20   76.42    0.05    5.80

   FSU-12             :   11.29   92.49    6.02   23.48   74.95   22.21   12.65

    Russia            :    4.23   49.40    0.44   15.00   37.65   12.55    3.87

    Kazakhstan        :    1.65   16.45    0.04    2.70    7.50    8.18    2.46

    Ukraine           :    1.38   13.90    0.33    3.00   12.30    1.24    2.07

                      :

                      :                 2008/09 (Estimated)

                      :

World 3/              :  123.27  682.65  136.24  112.70  640.35  142.96  165.57

United States         :    8.32   68.02    3.46    7.03   34.29   27.64   17.87

Total foreign         :  114.95  614.64  132.78  105.67  606.06  115.33  147.71

  Major exporters 4/  :   23.47  209.63    8.27   68.04  147.36   65.54   28.47

   Argentina          :    3.07    9.00    0.03    0.08    4.98    6.69    0.43

   Australia          :    3.65   20.94    0.13    3.75    6.85   14.72    3.14

   Canada             :    4.41   28.61    0.38    3.21    8.03   18.81    6.56

   EU-27 5/           :   12.34  151.08    7.74   61.00  127.50   25.32   18.35

  Major importers 6/  :   61.81  172.69   73.90    9.22  228.68    6.26   73.46

   Brazil             :    0.45    5.88    6.00    0.20   10.70    0.40    1.23

   China              :   38.96  112.46    0.48    5.00  102.50    0.72   48.69

   Select. Mideast 7/ :    6.64   13.38   20.37    1.55   31.77    0.71    7.90

   N. Africa 8/       :    9.13   14.59   23.47    0.25   37.35    0.23    9.60

   Pakistan           :    2.18   21.50    3.13    0.40   22.80    2.10    1.91

   Southeast Asia 9/  :    2.55    0.00   11.96    1.42   11.66    0.42    2.43

  Selected other      :

   India              :    5.80   78.57    0.01    0.10   70.77    0.10   13.51

   FSU-12             :   12.65  115.46    6.54   24.88   76.65   37.66   20.35

    Russia            :    3.87   63.70    0.20   16.20   38.90   18.39   10.48

    Kazakhstan        :    2.46   12.55    0.12    2.70    7.53    5.70    1.90

    Ukraine           :    2.07   25.90    0.07    2.90   11.90   13.04    3.11

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

1/ Aggregate of local marketing years.  2/ Total foreign and world use

adjusted to reflect the differences in world imports and exports.  3/ World

imports and exports may not balance due to differences in marketing years,

grain in transit, and reporting discrepancies in some countries. 4/ Argentina,

Australia, Canada, and the EU-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-480-19                    March 2010

 

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

                             (Million Metric Tons)

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

                      :          Supply         :           Use         :

                      :=========================:=======================:Ending

        Region        :         :       :       :  Domestic 2/  :       :stocks

                      :Beginning:Produc-:       :===============:       :

                      :  stocks : tion  :Imports: Feed : Total  :Exports:

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

                      :

                      :                 2009/10 (Projected)

World 3/              :

        February      :  164.01  677.44  122.57  111.51  645.60  123.80  195.86

           March      :  165.57  678.01  124.20  112.36  646.80  125.05  196.77

United States         :

        February      :   17.87   60.31    3.13    4.63   32.17   22.45   26.69

           March      :   17.87   60.31    3.13    4.63   31.62   22.45   27.23

Total foreign         :

        February      :  146.15  617.13  119.44  106.88  613.43  101.35  169.17

           March      :  147.71  617.69  121.07  107.73  615.18  102.60  169.54

  Major exporters 4/  :

        February      :   28.47  196.22    7.01   66.28  147.18   56.00   28.51

           March      :   28.47  196.74    7.01   66.28  147.18   56.50   28.54

   Argentina      Feb :    0.43    9.00    0.01    0.08    4.98    3.50    0.95

                  Mar :    0.43    9.60    0.01    0.08    4.98    4.00    1.05

   Australia      Feb :    3.14   22.50    0.10    4.00    7.10   15.00    3.64

                  Mar :    3.14   22.50    0.10    4.00    7.10   15.00    3.64

   Canada         Feb :    6.56   26.50    0.40    3.20    8.10   18.50    6.86

                  Mar :    6.56   26.50    0.40    3.20    8.10   18.50    6.86

   EU-27 5/       Feb :   18.35  138.22    6.50   59.00  127.00   19.00   17.06

                  Mar :   18.35  138.14    6.50   59.00  127.00   19.00   16.99

  Major importers 6/  :

        February      :   73.56  182.86   64.55    9.78  230.25    4.75   85.98

           March      :   73.46  182.60   64.95   10.48  231.19    5.00   84.82

   Brazil         Feb :    1.23    4.80    6.50    0.70   11.40    0.40    0.73

                  Mar :    1.23    4.80    6.50    0.50   11.20    0.60    0.73

   China          Feb :   48.69  114.50    0.60    5.00  102.00    1.00   60.79

                  Mar :   48.69  114.50    0.80    6.00  103.00    1.00   59.99

   Sel. Mideast 7/Feb :    8.01   15.03   17.45    1.62   31.42    0.66    8.41

                  Mar :    7.90   14.76   17.65    1.42   31.35    0.66    8.30

   N. Africa 8/   Feb :    9.60   19.40   19.05    0.25   38.33    0.24    9.49

                  Mar :    9.60   19.40   19.05    0.25   38.53    0.24    9.29

   Pakistan       Feb :    1.91   24.00    0.50    0.40   23.30    0.50    2.61

                  Mar :    1.91   24.00    0.50    0.40   23.30    0.50    2.61

   SE Asia 9/     Feb :    2.43    0.00   12.05    1.41   11.81    0.33    2.35

                  Mar :    2.43    0.00   12.25    1.51   12.01    0.38    2.30

  Selected other      :

   India          Feb :   13.51   80.58    0.10    0.10   76.12    0.05   18.02

                  Mar :   13.51   80.68    0.20    0.10   76.93    0.25   17.21

   FSU-12         Feb :   18.51  113.67    5.50   26.53   79.50   35.03   23.16

                  Mar :   20.35  113.83    5.50   26.38   79.38   35.13   25.17

    Russia        Feb :    8.43   61.70    0.20   18.00   41.20   18.00   11.13

                  Mar :   10.48   61.70    0.20   18.00   41.20   18.00   13.18

    Kazakhstan    Feb :    1.90   17.00    0.05    2.70    7.55    7.50    3.90

                  Mar :    1.90   17.00    0.05    2.70    7.55    7.50    3.90

    Ukraine       Feb :    3.11   20.90    0.10    2.80   12.10    9.00    3.01

                  Mar :    3.11   20.90    0.10    2.80   12.10    9.00    3.01

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

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-480-20                    March 2010

 

                      World Coarse Grain Supply and Use 1/

                             (Million Metric Tons)

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

                      :          Supply         :           Use         :

                      :=========================:=======================:Ending

        Region        :         :       :       :  Domestic 2/  :       :stocks

                      :Beginning:Produc-:       :===============:       :

                      :  stocks : tion  :Imports: Feed : Total  :Exports:

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

                      :

                      :                      2007/08

                      :

World 3/              :  138.67 1078.47  126.70  655.38 1056.20  127.13  160.94

United States         :   36.17  349.86    3.45  157.23  274.53   69.89   45.06

Total foreign         :  102.49  728.61  123.25  498.14  781.67   57.24  115.88

  Major exporters 4/  :    8.59   81.40    3.55   35.18   50.59   30.14   12.81

   Argentina          :    2.10   26.97    0.13    6.74    9.40   16.93    2.87

   Australia          :    1.21   12.90    0.03    5.67    7.02    4.44    2.67

   Canada             :    3.50   27.84    3.25   18.44   24.02    6.57    4.01

  Major importers 5/  :   35.89  216.99   97.81  237.27  310.65    5.41   34.63

   EU-27 6/           :   15.14  136.12   20.29  118.90  154.16    4.63   12.77

   Japan              :    1.76    0.20   19.21   14.55   19.46    0.00    1.71

   Mexico             :    3.53   30.58   10.98   23.62   40.24    0.11    4.74

   N. Afr & Mideast 7/:    8.24   24.98   19.61   39.16   46.10    0.03    6.70

   Saudi Arabia       :    2.66    0.34    9.37    9.43    9.66    0.00    2.71

   Southeast Asia 8/  :    2.56   24.37    4.31   20.00   27.41    0.65    3.19

   South Korea        :    1.32    0.35    9.36    7.10    8.95    0.00    2.08

  Selected other      :

   Brazil             :    3.77   61.34    0.97   38.18   45.28    7.94   12.87

   China              :   38.03  159.10    1.16  105.82  157.01    0.85   40.43

   FSU-12             :    4.98   54.05    1.00   34.86   50.50    5.26    4.27

    Russia            :    1.67   29.33    0.55   18.73   28.88    1.22    1.44

    Ukraine           :    1.97   14.59    0.03    8.74   11.84    3.14    1.61

                      :

                      :                 2008/09 (Estimated)

                      :

World 3/              :  160.94 1104.51  110.11  646.42 1074.88  112.61  190.56

United States         :   45.06  325.87    3.05  142.53  275.75   51.17   47.06

Total foreign         :  115.88  778.64  107.06  503.89  799.13   61.44  143.50

  Major exporters 4/  :   12.81   70.84    2.19   32.36   48.59   22.76   14.49

   Argentina          :    2.87   18.62    0.13    5.91    8.47   12.22    0.93

   Australia          :    2.67   11.97    0.00    5.34    6.70    4.62    3.33

   Canada             :    4.01   27.17    1.90   16.66   22.85    3.87    6.36

  Major importers 5/  :   34.63  242.65   82.36  233.95  311.23    6.65   41.76

   EU-27 6/           :   12.77  161.58    3.41  113.90  152.10    5.55   20.10

   Japan              :    1.71    0.22   19.61   14.80   19.71    0.00    1.83

   Mexico             :    4.74   31.49   10.47   25.24   42.06    0.16    4.47

   N. Afr & Mideast 7/:    6.70   24.19   23.12   39.13   46.34    0.16    7.52

   Saudi Arabia       :    2.71    0.34    9.09    9.43    9.66    0.01    2.47

   Southeast Asia 8/  :    3.19   24.43    4.75   20.46   28.37    0.77    3.23

   South Korea        :    2.08    0.36    7.25    6.41    8.20    0.00    1.49

  Selected other      :

   Brazil             :   12.87   53.62    1.60   39.25   47.48    7.01   13.60

   China              :   40.43  172.66    1.65  110.83  160.32    0.22   54.19

   FSU-12             :    4.27   78.46    0.56   40.84   57.69   17.05    8.56

    Russia            :    1.44   40.70    0.16   21.75   32.65    4.79    4.85

    Ukraine           :    1.61   26.22    0.03   10.10   13.72   11.88    2.26

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

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-480-21                    March 2010

 

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

                             (Million Metric Tons)

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

                      :          Supply         :           Use         :

                      :=========================:=======================:Ending

        Region        :         :       :       :  Domestic 2/  :       :stocks

                      :Beginning:Produc-:       :===============:       :

                      :  stocks : tion  :Imports: Feed : Total  :Exports:

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

                      :

                      :                 2009/10 (Projected)

World 3/              :

        February      :  189.56 1095.48  107.94  661.07 1105.77  110.55  179.27

           March      :  190.56 1100.18  108.08  661.63 1105.59  110.61  185.15

United States         :

        February      :   47.06  350.26    2.56  148.01  296.67   54.78   48.43

           March      :   47.06  349.74    2.45  148.01  296.68   52.23   50.34

Total foreign         :

        February      :  142.50  745.23  105.38  513.06  809.10   55.78  130.84

           March      :  143.50  750.44  105.63  513.61  808.91   58.38  134.81

  Major exporters 4/  :

        February      :   13.49   68.87    2.23   33.05   49.84   21.53   13.22

           March      :   14.49   74.52    2.23   33.45   50.24   24.73   16.27

   Argentina      Feb :    0.42   22.67    0.03    7.36   10.07   11.41    1.64

                  Mar :    0.93   26.57    0.03    7.86   10.47   13.61    3.45

   Australia      Feb :    3.33   11.82    0.00    5.32    6.79    4.96    3.40

                  Mar :    3.33   11.57    0.00    5.12    6.59    4.96    3.35

   Canada         Feb :    6.36   22.37    2.07   15.81   22.17    3.63    5.00

                  Mar :    6.36   22.37    2.07   15.81   22.17    3.63    5.00

  Major importers 5/  :

        February      :   41.86  237.16   80.48  235.39  314.56    4.97   39.97

           March      :   41.76  236.75   80.62  235.48  314.50    4.67   39.96

   EU-27 6/       Feb :   20.10  152.58    2.78  114.10  153.21    3.28   18.98

                  Mar :   20.10  152.00    2.78  114.10  153.21    2.78   18.90

   Japan          Feb :    1.83    0.19   19.46   14.68   19.61    0.00    1.88

                  Mar :    1.83    0.19   19.46   14.68   19.61    0.00    1.88

   Mexico         Feb :    4.22   29.33   12.45   25.43   42.55    0.05    3.40

                  Mar :    4.47   29.05   12.40   25.43   42.45    0.15    3.32

   N Afr/M.East 7/Feb :    7.83   29.21   19.16   39.92   47.38    0.76    8.07

                  Mar :    7.52   29.51   19.16   39.92   47.37    0.86    7.96

   Saudi Arabia   Feb :    2.47    0.34    9.81    9.83   10.08    0.00    2.53

                  Mar :    2.47    0.34    9.81    9.83   10.03    0.00    2.58

   S.-east Asia 8/Feb :    3.24   25.06    4.53   20.76   28.86    0.89    3.08

                  Mar :    3.23   25.21    4.73   20.86   28.96    0.89    3.32

   South Korea    Feb :    1.49    0.35    7.57    6.05    8.03    0.00    1.38

                  Mar :    1.49    0.35    7.57    6.05    8.03    0.00    1.38

  Selected other      :

   Brazil         Feb :   13.58   53.61    0.75   40.68   48.28    9.10   10.57

                  Mar :   13.60   53.61    0.75   40.68   48.28    8.11   11.58

   China          Feb :   54.13  162.00    1.64  116.68  167.57    0.57   49.62

                  Mar :   54.19  161.35    1.74  116.62  167.23    0.57   49.48

   FSU-12         Feb :    8.51   67.44    0.55   39.32   55.80   14.15    6.56

                  Mar :    8.56   67.76    0.55   39.67   56.16   14.15    6.57

    Russia        Feb :    4.85   31.80    0.30   20.98   31.45    2.45    3.05

                  Mar :    4.85   31.80    0.30   20.98   31.45    2.45    3.05

    Ukraine       Feb :    2.26   24.12    0.02   10.00   13.59   11.02    1.79

                  Mar :    2.26   24.12    0.02   10.00   13.59   11.02    1.79

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

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-480-22                    March 2010

 

                          World Corn Supply and Use 1/

                             (Million Metric Tons)

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

                      :          Supply         :           Use         :

                      :=========================:=======================:Ending

        Region        :         :       :       :  Domestic 2/  :       :stocks

                      :Beginning:Produc-:       :===============:       :

                      :  stocks : tion  :Imports: Feed : Total  :Exports:

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

                      :

                      :                      2007/08

                      :

World 3/              :  108.85  792.31   98.35  496.92  771.88   98.61  129.29

United States         :   33.11  331.18    0.51  150.21  261.63   61.91   41.26

Total foreign         :   75.74  461.14   97.84  346.71  510.25   36.70   88.04

  Major exporters 4/  :    3.32   35.16    0.15    9.40   16.60   16.96    5.08

   Argentina          :    1.66   22.00    0.12    5.10    7.00   14.80    1.99

   South Africa       :    1.66   13.16    0.03    4.30    9.60    2.16    3.09

  Major importers 5/  :   17.09  101.77   62.46  118.90  163.49    1.32   16.51

   Egypt              :    0.92    6.17    4.15    8.30   10.40    0.00    0.85

   EU-27 6/           :    7.38   47.56   14.02   51.00   64.00    0.59    4.36

   Japan              :    1.15    0.00   16.61   12.00   16.60    0.00    1.16

   Mexico             :    3.08   23.60    9.56   16.20   32.00    0.11    4.13

   Southeast Asia 7/  :    2.56   24.32    4.28   19.95   27.35    0.62    3.19

   South Korea        :    1.32    0.08    9.31    7.05    8.64    0.00    2.08

  Selected other      :

   Brazil             :    3.59   58.60    0.68   36.00   42.50    7.79   12.58

   Canada             :    1.34   11.65    3.18   10.18   13.77    0.94    1.46

   China              :   36.60  152.30    0.04  105.00  149.00    0.55   39.39

   FSU-12             :    1.73   13.89    0.62   11.26   13.00    2.13    1.11

    Ukraine           :    1.07    7.40    0.02    5.00    5.75    2.07    0.67

                      :

                      :                 2008/09 (Estimated)

                      :

World 3/              :  129.29  794.52   81.84  480.08  777.42   83.88  146.40

United States         :   41.26  307.14    0.34  133.24  259.05   47.18   42.50

Total foreign         :   88.04  487.38   81.49  346.84  518.36   36.70  103.89

  Major exporters 4/  :    5.08   27.57    0.15    8.90   16.40   12.10    4.29

   Argentina          :    1.99   15.00    0.13    4.50    6.40   10.10    0.61

   South Africa       :    3.09   12.57    0.03    4.40   10.00    2.00    3.68

  Major importers 5/  :   16.51  117.67   48.53  115.47  162.43    2.67   17.60

   Egypt              :    0.85    6.22    5.03    8.50   10.80    0.01    1.29

   EU-27 6/           :    4.36   62.72    2.74   47.50   62.00    1.74    6.08

   Japan              :    1.16    0.00   16.53   11.80   16.40    0.00    1.30

   Mexico             :    4.13   24.23    7.76   16.40   32.40    0.16    3.56

   Southeast Asia 7/  :    3.19   24.37    4.73   20.40   28.30    0.76    3.23

   South Korea        :    2.08    0.09    7.19    6.37    7.88    0.00    1.49

  Selected other      :

   Brazil             :   12.58   51.00    1.20   37.00   44.50    7.00   13.28

   Canada             :    1.46   10.59    1.84    7.53   11.66    0.37    1.86

   China              :   39.39  165.90    0.05  110.00  152.00    0.17   53.17

   FSU-12             :    1.11   21.67    0.32   12.70   14.53    6.86    1.71

    Ukraine           :    0.67   11.40    0.03    4.90    5.65    5.50    0.95

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

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-480-23                    March 2010

 

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

                             (Million Metric Tons)

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

                      :          Supply         :           Use         :

                      :=========================:=======================:Ending

        Region        :         :       :       :  Domestic 2/  :       :stocks

                      :Beginning:Produc-:       :===============:       :

                      :  stocks : tion  :Imports: Feed : Total  :Exports:

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

                      :

                      :                 2009/10 (Projected)

World 3/              :

        February      :  145.88  797.83   82.55  493.62  809.67   84.79  134.04

           March      :  146.40  803.69   82.75  493.97  809.93   85.45  140.15

United States         :

        February      :   42.50  334.05    0.25  140.98  282.33   50.80   43.67

           March      :   42.50  333.53    0.25  140.98  282.33   48.26   45.70

Total foreign         :

        February      :  103.38  463.78   82.30  352.65  527.34   33.99   90.37

           March      :  103.89  470.15   82.50  353.00  527.60   37.19   94.46

  Major exporters 4/  :

        February      :    3.39   28.70    0.05    9.70   17.30   11.00    3.84

           March      :    4.29   34.50    0.05    9.80   17.50   14.50    6.84

   Argentina      Feb :    0.21   17.20    0.03    5.20    7.10    9.50    0.84

                  Mar :    0.61   21.00    0.03    5.20    7.10   12.00    2.54

   South Africa   Feb :    3.18   11.50    0.03    4.50   10.20    1.50    3.01

                  Mar :    3.68   13.50    0.03    4.60   10.40    2.50    4.31

  Major importers 5/  :

        February      :   17.61  109.23   49.10  112.55  160.60    2.41   12.93

           March      :   17.60  109.38   49.30  112.65  160.70    2.51   13.07

   Egypt          Feb :    1.26    6.30    4.20    8.60   10.90    0.00    0.86

                  Mar :    1.29    6.30    4.20    8.60   10.90    0.00    0.89

   EU-27 6/       Feb :    6.08   55.77    2.50   45.00   60.00    1.50    2.85

                  Mar :    6.08   55.77    2.50   45.00   60.00    1.50    2.85

   Japan          Feb :    1.30    0.00   16.30   11.70   16.30    0.00    1.30

                  Mar :    1.30    0.00   16.30   11.70   16.30    0.00    1.30

   Mexico         Feb :    3.56   22.00    9.50   16.00   32.20    0.05    2.81

                  Mar :    3.56   22.00    9.50   16.00   32.20    0.15    2.71

   S.-east Asia 7/Feb :    3.24   25.00    4.50   20.70   28.80    0.86    3.08

                  Mar :    3.23   25.15    4.70   20.80   28.90    0.86    3.32

   South Korea    Feb :    1.49    0.09    7.50    6.00    7.70    0.00    1.38

                  Mar :    1.49    0.09    7.50    6.00    7.70    0.00    1.38

  Selected other      :

   Brazil         Feb :   13.28   51.00    0.50   38.50   45.50    9.00   10.28

                  Mar :   13.28   51.00    0.50   38.50   45.50    8.00   11.28

   Canada         Feb :    1.86    9.56    2.00    7.50   11.80    0.30    1.32

                  Mar :    1.86    9.56    2.00    7.50   11.80    0.30    1.32

   China          Feb :   53.17  155.00    0.10  116.00  159.00    0.50   48.77

                  Mar :   53.17  155.00    0.10  116.00  159.00    0.50   48.77

   FSU-12         Feb :    1.67   17.42    0.39   11.31   12.94    5.33    1.20

                  Mar :    1.71   17.76    0.39   11.63   13.27    5.33    1.26

    Ukraine       Feb :    0.95   10.50    0.01    4.90    5.65    5.00    0.81

                  Mar :    0.95   10.50    0.01    4.90    5.65    5.00    0.81

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

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-480-24                    March 2010

 

                   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 :

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

                      :

                      :                      2007/08

World 3/              :   75.10  434.09   29.26    428.24    31.26    80.95

United States         :    1.27    6.34    0.76      4.08     3.35     0.94

Total foreign         :   73.83  427.75   28.50    424.16    27.92    80.01

  Major exporters 4/  :   16.03  146.56    0.31    122.17    22.31    18.43

   India              :   11.43   96.69    0.00     90.47     4.65    13.00

   Pakistan           :    0.70    5.70    0.00      2.70     3.00     0.70

   Thailand           :    2.51   19.80    0.01      9.60    10.01     2.71

   Vietnam            :    1.39   24.38    0.30     19.40     4.65     2.02

  Major importers 5/  :   13.70   62.88   11.44     72.87     0.72    14.43

   Brazil             :    1.16    8.20    0.42      8.25     0.55     0.97

   EU-27 6/           :    1.14    1.76    1.57      3.19     0.15     1.13

   Indonesia          :    4.61   37.00    0.35     36.35     0.00     5.61

   Nigeria            :    0.47    3.00    1.80      4.50     0.00     0.77

   Philippines        :    4.87   10.48    2.57     13.50     0.00     4.42

   Sel. Mideast 7/    :    1.34    2.05    3.49      5.42     0.02     1.43

  Selected other      :

   Burma              :    0.60   10.73    0.05     10.25     0.54     0.59

   C. Amer & Carib 8/ :    0.48    1.33    1.57      2.98     0.00     0.39

   China              :   35.92  130.22    0.30    127.45     0.97    38.02

   Egypt              :    0.37    4.39    0.02      3.34     0.75     0.69

   Japan              :    2.41    7.93    0.60      8.18     0.20     2.56

   Mexico             :    0.14    0.18    0.58      0.70     0.01     0.19

   South Korea        :    0.70    4.41    0.25      4.67     0.00     0.69

                      :

                      :                 2008/09 (Estimated)

World 3/              :   80.95  447.42   27.15    437.15    28.72    91.22

United States         :    0.94    6.52    0.61      4.10     2.99     0.97

Total foreign         :   80.01  440.91   26.54    433.05    25.73    90.24

  Major exporters 4/  :   18.43  150.09    0.80    122.95    19.62    26.74

   India              :   13.00   99.15    0.00     91.05     2.10    19.00

   Pakistan           :    0.70    6.70    0.00      3.40     3.00     1.00

   Thailand           :    2.71   19.85    0.30      9.50     8.57     4.79

   Vietnam            :    2.02   24.39    0.50     19.00     5.95     1.96

  Major importers 5/  :   14.43   64.61   11.63     74.83     0.82    15.02

   Brazil             :    0.97    8.57    0.65      8.53     0.65     1.01

   EU-27 6/           :    1.13    1.68    1.32      2.97     0.14     1.02

   Indonesia          :    5.61   38.30    0.25     37.09     0.01     7.06

   Nigeria            :    0.77    3.20    1.75      5.15     0.00     0.57

   Philippines        :    4.42   10.75    2.60     13.65     0.00     4.12

   Sel. Mideast 7/    :    1.43    1.67    3.87      5.79     0.02     1.15

  Selected other      :

   Burma              :    0.59   10.15    0.03      9.55     1.05     0.17

   C. Amer & Carib 8/ :    0.39    1.50    1.30      2.87     0.00     0.32

   China              :   38.02  134.33    0.34    133.00     0.78    38.90

   Egypt              :    0.69    4.39    0.02      4.00     0.30     0.79

   Japan              :    2.56    8.03    0.66      8.33     0.20     2.72

   Mexico             :    0.19    0.18    0.59      0.78     0.01     0.17

   South Korea        :    0.69    4.84    0.25      4.96     0.00     0.83

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

1/ Aggregate of local marketing years.  2/ Total foreign and world use

adjusted to reflect the differences in world imports and exports. Total

domestic includes both domestic use and unreported disappearance.  3/ World

imports and exports may not balance due to differences in some countries.  

4/ India, Pakistan, Thailand, and Vietnam.  5/ Brazil,  Indonesia, Hong Kong,

Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-27. 6/

Trade excludes intra-trade.  7/ Selected Middle East includes Iran, Iraq, and

Saudi Arabia. 8/ Central American and Caribbean countries.

 

                                 WASDE-480-25                    March 2010

 

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

                             (Million Metric Tons)

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

                      :          Supply         :        Use        :

                      :=========================:===================: Ending

        Region        :         :       :       :         :         : stocks

                      :Beginning:Produc-:       : Total 2/:         :

                      :  stocks : tion  :Imports: Domestic: Exports :

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

                      :

                      :                 2009/10 (Projected)

World 3/              :

        February      :   93.34  436.28   28.46    437.12    31.05    92.50

           March      :   91.22  440.28   28.84    440.57    30.56    90.93

United States         :

        February      :    0.97    7.03    0.67      4.17     3.23     1.27

           March      :    0.97    7.03    0.67      4.17     3.20     1.31

Total foreign         :

        February      :   92.37  429.25   27.80    432.96    27.82    91.23

           March      :   90.24  433.25   28.17    436.40    27.36    89.62

  Major exporters 4/  :

        February      :   24.74  135.40    1.00    118.05    21.30    21.79

           March      :   26.74  137.90    0.80    120.35    21.55    23.54

   India          Feb :   17.00   84.50    0.20     86.70     2.00    13.00

                  Mar :   19.00   87.00    0.00     89.00     2.00    15.00

   Pakistan       Feb :    1.00    6.20    0.00      2.60     3.80     0.80

                  Mar :    1.00    6.20    0.00      2.60     3.80     0.80

   Thailand       Feb :    4.79   20.40    0.30      9.60    10.00     5.89

                  Mar :    4.79   20.40    0.30      9.60    10.00     5.89

   Vietnam        Feb :    1.96   24.30    0.50     19.15     5.50     2.11

                  Mar :    1.96   24.30    0.50     19.15     5.75     1.86

  Major importers 5/  :

        February      :   15.08   64.77   12.03     76.04     0.51    15.33

           March      :   15.02   64.68   12.31     75.99     0.48    15.54

   Brazil         Feb :    1.01    7.82    0.80      8.60     0.30     0.73

                  Mar :    1.01    7.82    0.80      8.60     0.30     0.73

   EU-27 6/       Feb :    1.02    1.99    1.35      3.11     0.14     1.12

                  Mar :    1.02    1.99    1.35      3.11     0.14     1.12

   Indonesia      Feb :    7.06   38.80    0.25     37.60     0.02     8.49

                  Mar :    7.06   38.80    0.25     37.60     0.02     8.49

   Nigeria        Feb :    0.57    3.40    1.60      5.10     0.00     0.47

                  Mar :    0.57    3.40    1.80      5.30     0.00     0.47

   Philippines    Feb :    4.12   10.20    2.60     13.79     0.00     3.14

                  Mar :    4.12   10.10    3.00     13.79     0.00     3.44

   Sel. Mideast 7/Feb :    1.21    2.07    4.17      6.09     0.05     1.30

                  Mar :    1.15    2.07    3.85      5.83     0.02     1.21

  Selected other      :

   Burma          Feb :    0.17   10.73    0.00      9.85     0.80     0.25

                  Mar :    0.17   10.73    0.00      9.85     0.80     0.25

   C. Am & Car. 8/Feb :    0.32    1.46    1.54      3.00     0.00     0.32

                  Mar :    0.32    1.49    1.52      3.02     0.00     0.31

   China          Feb :   42.92  137.00    0.35    133.50     1.50    45.27

                  Mar :   38.90  137.00    0.30    134.50     0.85    40.85

   Egypt          Feb :    0.79    4.37    0.01      4.00     0.60     0.58

                  Mar :    0.79    4.37    0.01      4.00     0.60     0.58

   Japan          Feb :    2.72    7.62    0.70      8.20     0.20     2.64

                  Mar :    2.72    7.62    0.70      8.20     0.20     2.64

   Mexico         Feb :    0.17    0.19    0.60      0.78     0.01     0.17

                  Mar :    0.17    0.19    0.60      0.78     0.01     0.17

   South Korea    Feb :    0.83    4.91    0.30      4.98     0.00     1.06

                  Mar :    0.83    4.91    0.30      4.98     0.00     1.06

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

1/ Aggregate of local marketing years.  2/ Total foreign and world use

adjusted to reflect the differences in world imports and exports. Total

domestic includes both domestic use and unreported disappearance.  3/ World

imports and exports may not balance due to differences in some countries.  

4/ India, Pakistan, Thailand, and Vietnam.  5/ Brazil,  Indonesia, Hong Kong,

Cote d'Ivoire, Nigeria, Philippines, selected Middle East, the EU-27. 6/ Trade

excludes intra-trade.  7/ Selected Middle East includes Iran, Iraq, and Saudi

Arabia. 8/ Central American and Caribbean countries.

 

 

 

 

                                 WASDE-480-26                    March 2010

 

                         World Cotton Supply and Use 1/

                             (Million 480-pound bales)

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

                      :          Supply         :       Use      :      :

        Region        :=========================:================: Loss : Ending

                      :Beginning:Produc-:Imports:Domestic:Exports:  2/  : stocks

                      :  stocks : tion  :       :        :       :      :

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

                      :

                      :                      2007/08

                      :

World                 :   63.13  119.91    38.99  122.97    38.47  -2.06  62.66

United States         :    9.48   19.21     0.01    4.59    13.65   0.41  10.04

Total foreign         :   53.66  100.70    38.98  118.38    24.82  -2.47  52.61

  Major exporters 4/  :   19.90   46.47     1.56   28.18    21.11  -0.16  18.81

   Central Asia 5/    :    2.14    8.20     0.04    1.61     6.35   0.00   2.42

   Afr. Fr. Zone 6/   :    1.06    2.46       3/    0.19     2.66   0.00   0.67

   S. Hemis. 7/       :    7.96    9.72     0.53    6.00     4.09  -0.18   8.30

    Australia         :    1.18    0.64       3/    0.05     1.22  -0.05   0.60

   Brazil             :    5.41    7.36     0.16    4.60     2.23  -0.15   6.25

   India              :    7.66   24.00     0.60   18.60     7.03   0.00   6.63

  Major importers 8/  :   31.73   51.46    34.81   85.75     2.66  -2.31  31.91

   Mexico             :    1.03    0.62     1.53    2.00     0.22   0.03   0.93

   China              :   20.54   37.00    11.53   51.00     0.06  -2.50  20.50

   EU-27 9/           :    0.83    1.74     1.59    1.81     1.62   0.05   0.67

   Turkey             :    1.95    3.10     3.27    6.00     0.37   0.00   1.95

   Pakistan           :    4.88    8.90     3.91   12.00     0.27   0.03   5.39

   Indonesia          :    0.35    0.03     2.30    2.23     0.02   0.05   0.39

   Thailand           :    0.35    0.02     1.93    1.95     0.00   0.03   0.32

   Bangladesh         :    0.59    0.04     3.50    3.50     0.00   0.01   0.62

   Vietnam            :    0.22    0.03     1.21    1.20     0.00   0.00   0.25

                      :

                      :                 2008/09 (Estimated)

                      :

World                 :   62.66  107.45    30.01  110.11    30.18  -2.59  62.42

United States         :   10.04   12.82       3/    3.59    13.28  -0.34   6.34

Total foreign         :   52.61   94.64    30.01  106.52    16.90  -2.25  56.08

  Major exporters 4/  :   18.81   42.42     1.54   26.90    13.98  -0.19  22.08

   Central Asia 5/    :    2.42    7.12     0.01    1.60     4.45   0.00   3.49

   Afr. Fr. Zone 6/   :    0.67    2.41       3/    0.19     2.20   0.00   0.70

   S. Hemis. 7/       :    8.30    8.68     0.31    5.52     4.60  -0.20   7.38

    Australia         :    0.60    1.50       3/    0.05     1.20  -0.07   0.93

   Brazil             :    6.25    5.48     0.05    4.20     2.74  -0.15   4.99

   India              :    6.63   22.60     0.80   17.90     2.36   0.00   9.77

  Major importers 8/  :   31.91   49.54    26.00   75.39     1.88  -2.06  32.24

   Mexico             :    0.93    0.58     1.32    1.85     0.18   0.03   0.77

   China              :   20.50   36.70     7.00   44.00     0.08  -2.25  22.37

   EU-27 9/           :    0.67    1.24     0.96    1.14     1.01   0.05   0.66

   Turkey             :    1.95    1.93     2.89    5.00     0.14   0.00   1.63

   Pakistan           :    5.39    9.00     1.95   11.50     0.38   0.03   4.44

   Indonesia          :    0.39    0.03     2.00    2.00     0.02   0.05   0.35

   Thailand           :    0.32    0.02     1.60    1.60     0.00   0.03   0.30

   Bangladesh         :    0.62    0.04     3.80    3.75     0.00   0.01   0.70

   Vietnam            :    0.25    0.01     1.23    1.25     0.00   0.00   0.24

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

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, 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.

 

 

                                 WASDE-480-27                    March 2010

 

                         World Cotton Supply and Use 1/

                             (Million 480-pound bales)

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

                      :          Supply         :       Use      :      :

        Region        :=========================:================: Loss : Ending

                      :Beginning:Produc-:Imports:Domestic:Exports:  2/  : stocks

                      :  stocks : tion  :       :        :       :      :

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

                      :

                      :                 2009/10 (Projected)

World                 :

        February      :   62.42  102.74    33.76  115.53    33.77  -2.46  52.08

           March      :   62.42  102.24    34.39  115.70    34.40  -2.46  51.41

United States         :

        February      :    6.34   12.40     0.01    3.40    12.00   0.04   3.30

           March      :    6.34   12.40     0.01    3.50    12.00   0.04   3.20

Total foreign         :

        February      :   56.08   90.34    33.76  112.13    21.77  -2.50  48.78

           March      :   56.08   89.84    34.38  112.20    22.40  -2.50  48.21

  Major exporters 4/  :

        February      :   22.08   42.81     1.36   28.21    18.74  -0.19  19.49

           March      :   22.08   42.81     1.36   28.21    19.14  -0.19  19.08

   Central Asia 5/Feb :    3.49    6.37     0.01    1.59     6.02   0.00   2.26

                  Mar :    3.49    6.17     0.01    1.59     5.92   0.00   2.16

   Afr. Fr. Zn. 6/Feb :    0.70    2.38       3/    0.19     2.26   0.00   0.64

                  Mar :    0.70    2.38       3/    0.19     2.26   0.00   0.64

   S. Hemis 7/    Feb :    7.38    9.14     0.35    5.51     4.49  -0.20   7.07

                  Mar :    7.38    9.34     0.35    5.51     4.59  -0.20   7.16

    Australia     Feb :    0.93    1.75       3/    0.04     1.70  -0.07   1.01

                  Mar :    0.93    1.75       3/    0.04     1.80  -0.07   0.91

   Brazil         Feb :    4.99    5.55     0.10    4.20     2.00  -0.15   4.59

                  Mar :    4.99    5.75     0.10    4.20     2.00  -0.15   4.79

   India          Feb :    9.77   23.50     0.60   19.20     5.70   0.00   8.97

                  Mar :    9.77   23.50     0.60   19.20     6.10   0.00   8.57

  Major importers 8/  :

        February      :   32.24   45.02    29.77   79.70     2.00  -2.31  27.64

           March      :   32.24   44.52    30.39   79.77     2.24  -2.31  27.46

   Mexico         Feb :    0.77    0.42     1.50    1.90     0.10   0.03   0.66

                  Mar :    0.77    0.42     1.50    1.90     0.10   0.03   0.67

   China          Feb :   22.37   32.00     9.00   47.50     0.08  -2.50  18.29

                  Mar :   22.37   31.50     9.50   47.50     0.08  -2.50  18.29

   EU-27 9/       Feb :    0.66    1.01     0.92    1.00     1.07   0.05   0.47

                  Mar :    0.66    1.01     0.92    1.00     1.07   0.05   0.47

   Turkey         Feb :    1.63    1.70     3.30    5.10     0.13   0.00   1.41

                  Mar :    1.63    1.70     3.50    5.30     0.15   0.00   1.38

   Pakistan       Feb :    4.44    9.80     2.75   12.00     0.50   0.03   4.46

                  Mar :    4.44    9.80     2.50   11.75     0.70   0.03   4.26

   Indonesia      Feb :    0.35    0.03     2.08    2.05     0.02   0.05   0.33

                  Mar :    0.35    0.03     2.08    2.05     0.02   0.05   0.33

   Thailand       Feb :    0.30    0.01     1.80    1.78     0.00   0.03   0.31

                  Mar :    0.30    0.01     1.80    1.78     0.01   0.03   0.30

   Bangladesh     Feb :    0.70    0.04     4.00    4.00     0.00   0.01   0.73

                  Mar :    0.70    0.04     4.00    4.00     0.00   0.01   0.73

   Vietnam        Feb :    0.24    0.01     1.35    1.35     0.00   0.00   0.25

                  Mar :    0.24    0.01     1.50    1.45     0.00   0.00   0.30

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

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, 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.

 

                                 WASDE-480-28                    March 2010

 

                       World Soybean Supply and Use 1/

                             (Million Metric Tons)

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

                      :          Supply         :           Use         :

                      :=========================:=======================:Ending

     Region           :         :       :       :               :       :stocks

                      :Beginning:Produc-:       :    Domestic   :       :

                      :  stocks : tion  :Imports: Crush : Total :Exports:

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

                      :

                      :                      2007/08

World 2/              :   62.96  221.14   78.12  201.87  229.67   79.59   52.96

United States         :   15.62   72.86    0.27   49.08   51.63   31.54    5.58

Total foreign         :   47.34  148.28   77.85  152.79  178.05   48.05   47.38

  Major exporters 3/  :   40.98  114.10    3.12   68.12   72.78   44.60   40.81

   Argentina          :   22.61   46.20    2.95   34.61   36.16   13.84   21.76

   Brazil             :   18.19   61.00    0.15   32.11   35.07   25.36   18.90

  Major importers 4/  :    4.42   16.03   63.98   62.82   78.30    0.53    5.61

   China              :    2.70   14.00   37.82   39.52   49.82    0.45    4.25

   EU-27              :    1.12    0.72   15.12   14.87   16.11    0.04    0.81

   Japan              :    0.26    0.23    4.01    2.89    4.22    0.01    0.27

   Mexico             :    0.04    0.09    3.58    3.62    3.66    0.00    0.06

                      :

                      :                 2008/09 (Estimated)

World 2/              :   52.96  210.90   77.20  193.90  222.09   76.94   42.02

United States         :    5.58   80.75    0.36   45.23   48.00   34.93    3.76

Total foreign         :   47.38  130.15   76.84  148.67  174.09   42.02   38.26

  Major exporters 3/  :   40.81   92.90    1.34   65.28   69.88   37.97   27.20

   Argentina          :   21.76   32.00    1.29   31.26   32.84    5.59   16.61

   Brazil             :   18.90   57.00    0.04   32.51   35.41   29.99   10.55

  Major importers 4/  :    5.61   17.54   64.50   61.69   77.33    0.45    9.87

   China              :    4.25   15.54   41.10   41.04   51.44    0.40    9.05

   EU-27              :    0.81    0.64   13.21   12.86   14.09    0.02    0.56

   Japan              :    0.27    0.23    3.40    2.50    3.80    0.00    0.09

   Mexico             :    0.06    0.15    3.33    3.47    3.50    0.00    0.04

                      :

                      :                 2009/10 (Projected)

World 2/              :

        February      :   41.64  255.02   79.58  204.22  235.12   81.39   59.73

           March      :   42.02  255.91   79.78  204.95  235.86   81.18   60.67

United States         :

        February      :    3.76   91.47    0.22   46.81   51.64   38.10    5.71

           March      :    3.76   91.42    0.41   47.08   51.77   38.65    5.17

Total foreign         :

        February      :   37.88  163.54   79.36  157.41  183.48   43.29   54.01

           March      :   38.26  164.49   79.37  157.87  184.09   42.53   55.50

  Major exporters 3/  :

        February      :   26.78  126.10    0.17   68.45   73.17   38.45   41.43

           March      :   27.20  127.00    0.17   69.55   74.26   37.80   42.31

   Argentina      Feb :   16.19   53.00    0.00   35.30   36.94    7.85   24.40

                  Mar :   16.61   53.00    0.00   36.00   37.63    7.00   24.98

   Brazil         Feb :   10.55   66.00    0.15   31.60   34.55   25.30   16.85

                  Mar :   10.55   67.00    0.15   32.00   34.95   25.60   17.15

  Major importers 4/  :

        February      :    9.83   16.80   66.94   65.71   81.79    0.56   11.21

           March      :    9.87   16.80   66.94   65.93   82.01    0.46   11.13

   China          Feb :    9.01   14.50   42.50   44.93   55.46    0.50   10.05

                  Mar :    9.05   14.50   42.50   45.15   55.68    0.40    9.97

   EU-27          Feb :    0.56    0.99   13.00   12.50   13.77    0.03    0.75

                  Mar :    0.56    0.99   13.00   12.50   13.77    0.03    0.75

   Japan          Feb :    0.09    0.23    3.95    2.75    4.11    0.00    0.16

                  Mar :    0.09    0.23    3.95    2.75    4.11    0.00    0.16

   Mexico         Feb :    0.04    0.11    3.50    3.56    3.60    0.00    0.05

                  Mar :    0.04    0.11    3.50    3.56    3.60    0.00    0.05

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

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-480-29                    March 2010

 

                     World Soybean Meal Supply and Use 1/

                             (Million Metric Tons)

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

                      :          Supply         :        Use        :

                      :=========================:===================: Ending

        Region        :         :       :       :         :         : stocks

                      :Beginning:Produc-:       : Total   :         :

                      :  stocks : tion  :Imports: Domestic: Exports :

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

                      :

                      :                      2007/08

World 2/              :    6.54  158.44   54.21    157.24    55.77     6.18

United States         :    0.31   38.36    0.13     30.15     8.38     0.27

Total foreign         :    6.23  120.08   54.08    127.09    47.39     5.91

  Major exporters 3/  :    3.85   58.50    0.19     14.94    43.74     3.85

   Argentina          :    1.50   27.08    0.00      0.62    26.82     1.15

   Brazil             :    1.91   24.89    0.18     12.26    12.14     2.59

   India              :    0.43    6.52    0.00      2.06     4.79     0.11

  Major importers 4/  :    1.19   44.59   31.05     74.48     1.10     1.24

   EU-27              :    0.86   11.72   24.07     35.17     0.41     1.07

   China              :    0.00   31.28    0.20     30.85     0.63     0.00

                      :

                      :                 2008/09 (Estimated)

World 2/              :    6.18  152.20   51.17    152.68    52.02     4.86

United States         :    0.27   35.48    0.08     27.89     7.72     0.21

Total foreign         :    5.91  116.73   51.09    124.79    44.30     4.64

  Major exporters 3/  :    3.85   55.39    0.11     15.56    40.16     3.63

   Argentina          :    1.15   24.20    0.00      0.63    24.00     0.73

   Brazil             :    2.59   25.20    0.11     12.44    13.00     2.45

   India              :    0.11    5.99    0.00      2.48     3.16     0.45

  Major importers 4/  :    1.24   44.12   28.10     71.64     1.54     0.29

   EU-27              :    1.07   10.13   20.98     31.58     0.47     0.13

   China              :    0.00   32.48    0.22     31.67     1.02     0.00

                      :

                      :                 2009/10 (Projected)

World 2/              :

        February      :    5.59  160.64   54.07    159.42    55.12     5.76

           March      :    4.86  160.73   53.57    158.74    55.01     5.40

United States         :

        February      :    0.21   36.76    0.13     27.76     9.07     0.27

           March      :    0.21   36.76    0.13     27.58     9.25     0.27

Total foreign         :

        February      :    5.38  123.88   53.94    131.66    46.05     5.49

           March      :    4.64  123.97   53.44    131.16    45.76     5.13

  Major exporters 3/  :

        February      :    4.37   58.17    0.16     16.27    42.15     4.28

           March      :    3.63   57.97    0.16     16.12    41.78     3.86

   Argentina      Feb :    1.46   27.60    0.00      0.68    26.95     1.44

                  Mar :    0.73   27.90    0.00      0.68    26.95     1.00

   Brazil         Feb :    2.45   24.50    0.15     12.70    12.00     2.41

                  Mar :    2.45   24.80    0.15     12.70    12.30     2.41

   India          Feb :    0.45    6.07    0.00      2.89     3.20     0.43

                  Mar :    0.45    5.27    0.00      2.74     2.53     0.45

  Major importers 4/  :

        February      :    0.29   47.02   30.49     75.96     1.28     0.57

           March      :    0.29   47.20   29.99     75.49     1.37     0.63

   EU-27          Feb :    0.13    9.85   22.80     32.02     0.40     0.36

                  Mar :    0.13    9.85   22.40     31.54     0.42     0.42

   China          Feb :    0.00   35.56    0.20     34.93     0.83     0.00

                  Mar :    0.00   35.73    0.10     34.93     0.90     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-480-30                    March 2010

 

                     World Soybean Oil Supply and Use 1/

                             (Million Metric Tons)

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

                      :          Supply         :        Use        :

                      :=========================:===================: Ending

        Region        :         :       :       :         :         : stocks

                      :Beginning:Produc-:       : Total   :         :

                      :  stocks : tion  :Imports: Domestic: Exports :

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

                      :

                      :                      2007/08

World 2/              :    3.71   37.54   10.39     37.68    10.88     3.09

United States         :    1.40    9.34    0.03      8.32     1.32     1.13

Total foreign         :    2.31   28.21   10.36     29.36     9.56     1.96

  Major exporters 3/  :    1.21   15.45    1.11      8.32     8.51     0.94

   Argentina          :    0.49    6.63    0.00      1.03     5.79     0.30

   Brazil             :    0.51    6.16    0.07      3.92     2.39     0.43

   EU-27              :    0.21    2.67    1.04      3.38     0.33     0.21

  Major importers 4/  :    0.51    8.51    3.52     12.05     0.12     0.36

   China              :    0.25    7.05    2.73      9.69     0.10     0.23

   India              :    0.25    1.46    0.73      2.30     0.02     0.13

   Pakistan           :    0.00    0.00    0.06      0.06     0.00     0.01

                      :

                      :                 2008/09 (Estimated)

World 2/              :    3.09   35.88    8.80     35.78     9.06     2.93

United States         :    1.13    8.50    0.04      7.43     1.00     1.24

Total foreign         :    1.96   27.37    8.76     28.35     8.07     1.69

  Major exporters 3/  :    0.94   14.47    0.80      8.48     7.02     0.71

   Argentina          :    0.30    5.91    0.00      1.43     4.71     0.08

   Brazil             :    0.43    6.24    0.01      4.27     1.91     0.49

   EU-27              :    0.21    2.31    0.79      2.78     0.40     0.14

  Major importers 4/  :    0.36    8.65    3.60     11.86     0.09     0.66

   China              :    0.23    7.31    2.49      9.49     0.08     0.47

   India              :    0.13    1.34    1.06      2.33     0.00     0.19

   Pakistan           :    0.01    0.00    0.04      0.05     0.00     0.00

                      :

                      :                 2009/10 (Projected)

World 2/              :

        February      :    3.08   37.75    8.91     37.67     9.34     2.73

           March      :    2.93   37.88    9.14     37.59     9.48     2.89

United States         :

        February      :    1.24    8.69    0.03      7.49     1.47     1.01

           March      :    1.24    8.74    0.03      7.35     1.47     1.20

Total foreign         :

        February      :    1.84   29.06    8.87     30.18     7.87     1.72

           March      :    1.69   29.14    9.10     30.24     8.01     1.69

  Major exporters 3/  :

        February      :    0.86   15.09    0.65      9.01     6.79     0.80

           March      :    0.71   15.29    0.65      8.99     6.90     0.76

   Argentina      Feb :    0.23    6.78    0.00      1.65     5.18     0.19

                  Mar :    0.08    6.90    0.00      1.66     5.18     0.15

   Brazil         Feb :    0.49    6.06    0.05      4.76     1.43     0.42

                  Mar :    0.49    6.14    0.05      4.79     1.48     0.42

   EU-27          Feb :    0.14    2.25    0.60      2.61     0.19     0.19

                  Mar :    0.14    2.25    0.60      2.55     0.25     0.19

  Major importers 4/  :

        February      :    0.66    9.37    3.32     12.62     0.11     0.62

           March      :    0.66    9.23    3.63     12.79     0.10     0.63

   China          Feb :    0.47    8.01    2.40     10.35     0.10     0.43

                  Mar :    0.47    8.05    2.40     10.39     0.10     0.43

   India          Feb :    0.19    1.36    0.89      2.24     0.01     0.19

                  Mar :    0.19    1.18    1.20      2.37     0.00     0.20

   Pakistan       Feb :    0.00    0.00    0.03      0.03     0.00     0.00

                  Mar :    0.00    0.00    0.03      0.03     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-480-31            March 2010

                 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

    2008 :

 Annual  :  26561  23347  50225   36906   6246    43712   93937    7501   190.0

         :

    2009 :

      I  :   6248   5811  12136    8573   1385    10076   22212    1860    47.4

     II  :   6602   5488  12165    8939   1420    10488   22653    1870    48.9

    III  :   6689   5698  12462    9172   1417    10725   23187    1880    46.8

     IV  :   6424   5996  12502    8827   1441    10385   22887    1925    46.3

 Annual  :

Feb Est  :  25963  22993  49265   35489   5663    41653   90918    7525   189.3

Mar Est  :  25963  22993  49265   35511   5663    41673   90938    7535   189.3

         :

    2010 :

     I*  :   6180   5590  11846    8675   1285    10075   21921    1865    47.2

    II*  :   6490   5350  11914    8950   1325    10405   22319    1880    48.8

   III*  :   6660   5500  12234    9250   1400    10780   23014    1895    47.0

    IV*  :   6315   5990  12383    9075   1425    10625   23008    1925    46.5

 Annual  :

Feb Proj :  25650  22520  48478   35900   5575    41980   90458    7565   188.9

Mar Proj :  25645  22430  48377   35950   5435    41885   90262    7565   189.5

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

* Projection.

1/ Commercial production for red meats; federally inspected for poultry meats.

2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken.

 

 

                     U.S. Quarterly Prices for Animal Products 1/

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

   Year  :  Choice  : Barrows  :          :          :           :            :

   and   :  steers  :and gilts : Broilers :  Turkeys :    Eggs   :     Milk   :

 quarter :     2/   :     3/   :    4/    :     5/   :      6/   :       7/   :

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

         : Dol./cwt   Dol./cwt   Cents/lb.  Cents/lb.  Cents/doz.   Dol./cwt

    2008 :

 Annual  :      92.27      47.84       79.7       87.5       128.3        18.29

         :

    2009 :

      I  :      80.98      42.11       79.7       73.8       109.7        12.23

     II  :      84.53      42.74       81.9       79.1        89.7        11.60

    III  :      82.78      38.90       76.8       81.4        94.8        12.07

     IV  :      82.43      41.20       72.1       83.8       117.7        15.33

 Annual  :

Feb Est  :      82.68      41.24       77.6       79.5       103.0        12.81

Mar Est  :      82.68      41.24       77.6       79.5       103.0        12.81

         :

    2010 :

     I*  :      85-86      48-49      81-82      78-79     120-123  15.60-15.80

    II*  :      87-91      47-49      78-82      80-84     107-113  14.70-15.20

   III*  :      87-95      49-53      77-83      81-87      96-104  15.40-16.20

    IV*  :      88-96      43-47      74-80      84-90     115-125  16.45-17.45

 Annual  :

Feb Proj :      85-91      46-49      77-82      80-85     108-115  16.20-16.90

Mar Proj :      87-92      47-50      77-82      81-85     110-116  15.55-16.15

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

*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-480-32        March 2010

                               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               :

 2008              :    630    26663  2538    29831   1887    642  27302   62.7

 2009 Est.     Feb :    642    26065  2643    29350   1871    564  26915   61.3

               Mar :    642    26065  2628    29335   1869    565  26901   61.2

 2010 Proj.    Feb :    564    25752  2775    29091   2040    460  26591   59.9

               Mar :    565    25747  2700    29012   2040    460  26512   59.8

                   :

PORK               :

 2008              :    519    23367   832    24717   4667    635  19415   49.4

 2009 Est.     Feb :    635    23013   841    24489   4151    530  19808   50.0

               Mar :    635    23013   834    24482   4126    525  19831   50.0

 2010 Proj.    Feb :    530    22540   900    23970   4500    525  18945   47.3

               Mar :    525    22450   900    23875   4500    515  18860   47.1

                   :

TOTAL RED MEAT 5/  :

 2008              :   1169    50361  3553    55083   6566   1307  47210  113.5

 2009 Est.     Feb :   1307    49400  3654    54361   6039   1117  47205  112.6

               Mar :   1307    49400  3633    54340   6011   1114  47214  112.7

 2010 Proj.    Feb :   1117    48613  3862    53592   6556   1005  46031  108.7

               Mar :   1114    48512  3788    53414   6556    995  45863  108.3

                   :

BROILERS           :

 2008              :    719    36511    79    37309   6961    745  29603   83.4

 2009 Est.     Feb :    745    35109    82    35936   6802    614  28520   79.7

               Mar :    745    35131    85    35961   6835    616  28509   79.6

 2010 Proj.    Feb :    614    35516    80    36210   5825    705  29680   82.1

               Mar :    616    35565    80    36261   5825    705  29731   82.3

                   :

TURKEYS            :

 2008              :    261     6165     8     6434    676    396   5361   17.6

 2009 Est.     Feb :    396     5589    13     5998    536    250   5212   17.0

               Mar :    396     5588    13     5998    535    262   5201   16.9

 2010 Proj.    Feb :    250     5502    12     5764    545    290   4929   15.9

               Mar :    262     5364    12     5638    545    290   4803   15.5

                   :

TOTAL POULTRY  6/  :

 2008              :    982    43235    92    44309   7785   1144  35379  102.4

 2009 Est.     Feb :   1144    41199   100    42443   7452    866  34125   97.9

               Mar :   1144    41219   103    42466   7470    880  34116   97.9

 2010 Proj.    Feb :    866    41522   100    42488   6510    998  34980   99.2

               Mar :    880    41429   100    42409   6490    998  34921   99.0

                   :

RED MEAT & POULTRY :

 2008              :   2151    93596  3646    99392  14352   2451  82589  215.9

 2009 Est.     Feb :   2451    90598  3754    96804  13490   1983  81330  210.5

               Mar :   2451    90618  3736    96806  13481   1994  81330  210.5

 2010 Proj.    Feb :   1983    90135  3962    96080  13066   2003  81011  207.9

               Mar :   1994    89940  3888    95822  13046   1993  80783  207.2

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

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-480-33              March 2010

                               U.S. Egg Supply and Use

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

                           :       :       :  2009 Estimated :  2010 Projected

                           :       :       :-----------------:-----------------

         Commodity         :  2007 :  2008 :   Feb  :   Mar  :   Feb  :   Mar

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

EGGS                       :                   Million dozen

 Supply                    :

   Beginning stocks        :    12.5    11.1    17.2     17.2     18.5     18.0

   Production              :  7587.0  7501.0  7525.0   7535.0   7565.0   7565.0

   Imports                 :    13.6    14.6    11.4     11.1     12.0     12.0

     Total supply          :  7613.1  7526.7  7553.6   7563.3   7595.5   7595.0

                           :

  Use                      :

   Exports                 :   250.3   206.3   239.5    242.2    220.0    240.0

   Hatching use            :  1016.3   994.9   950.5    950.5    970.0    970.0

   Ending stocks           :    11.1    17.2    18.5     18.0     16.0     18.0

   Disappearance           :

     Total                 :  6335.4  6308.3  6345.1   6352.6   6389.5   6367.0

     Per capita (number)   :   251.7   248.3   247.6    247.9    246.9    246.1

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

 

                               U.S. Milk Supply and Use

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

                           :       :       :  2009 Estimated :  2010 Projected

         Commodity         :       :       :-----------------:-----------------

                           :  2007 :  2008 :   Feb  :   Mar  :   Feb  :   Mar

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

                           :                   Billion pounds

Milk                       :

 Production                :   185.7   190.0   189.3    189.3    188.9    189.5

    Farm use               :     1.1     1.1     1.1      1.1      1.1      1.1

                           :

Fat Basis Supply           :

   Beg. commercial stocks  :     9.5    10.4    10.0     10.1     11.3     11.3

   Marketings              :   184.6   188.9   188.2    188.3    187.8    188.4

   Imports                 :     4.6     3.9     4.1      4.1      4.1      4.1

     Total cml. supply     :   198.7   203.2   202.3    202.4    203.2    203.9

                           :

Fat Basis Use              :

   Commercial Exports      :     5.7     8.7     4.0      4.2      4.8      4.7

   Ending commercial stks  :    10.4    10.1    11.3     11.3      9.1     10.0

   CCC net removals 1/     :     0.0     0.0     0.6      0.6      0.4      0.3

   Commercial use 2/       :   182.6   184.3   186.2    186.0    188.8    188.7

                           :

Skim-solids Basis Supply   :

   Beg. commercial stocks  :     9.1    10.0    10.9     10.9     11.2     11.3

   Marketings              :   184.6   188.9   188.2    188.3    187.8    188.4

   Imports                 :     4.4     3.7     3.6      3.7      3.9      3.9

     Total cml. supply     :   198.1   202.6   202.7    202.8    202.9    203.6

                           :

Skim-solids Basis Use      :

   Commercial Exports      :    24.5    26.6    22.7     22.5     25.7     25.5

   Ending commercial stks  :    10.0    10.9    11.2     11.3      9.8     10.5

   CCC net removals 1/     :     0.0     1.3     2.9      2.9     -0.6      0.0

   Commercial use 2/       :   163.7   163.7   166.4    166.8    168.3    168.0

                           :

                           :                   Million pounds

CCC product net removals 1/:

    Butter                 :       0       0      23       25       16       15

    Cheese                 :       0       0       2        1        2        2

    Nonfat dry milk        :       0     111     248      246      -50        2

    Dry whole milk         :       0       0       0        0        0        0

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

Note:  Totals may not add due to rounding.

1/ Includes products exported under the Dairy Export Incentive Program.

2/ Domestic commercial use only.  2009 and 2010 adjusted for the Barter Program

 

 

 

                           WASDE-480-34                      March 2010

                        U.S. Dairy Prices

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

                  :        :      :    2009 Estimated       : 2010 Projected

                  :        :      : ------------------------:------------------

    Commodity     :  2007  : 2008 :      Feb     :    Mar   :   Feb  :   Mar

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

                  :                   Dollars per pound

                  :

Product Prices 1/ :

 Cheese           :  1.7380 1.8954      1.2966      1.2966   1.575-    1.500-

                  :                                             1.645     1.560

                  :

 Butter           :  1.3441 1.4356      1.2096      1.2096   1.395-    1.415-

                  :                                             1.495     1.505

                  :

 Nonfat dry milk  :  1.7083 1.2256      0.9223      0.9223   1.175-    1.135-

                  :                                             1.235     1.185

                  :

 Dry whey         :  0.6004 0.2504      0.2585      0.2585   0.375-    0.380-

                  :                                             0.405     0.410

                  :

                  :                   Dollars per cwt

Milk Prices 2/    :

 Class III        :   18.04  17.44       11.36       11.36   14.90-    14.20-

                  :                                             15.60     14.80

                  :

 Class IV         :   18.36  14.65       10.89       10.89   13.95-    13.65-

                  :                                             14.75     14.35

                  :

 All milk 3/      :   19.13  18.29       12.81       12.81   16.20-    15.55-

                  :                                             16.90     16.15

                  :

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

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-480-35                    March 2010

 

Note: Tables on pages 35-37 present a 28-year record of the differences between

the March projection and the final estimate. Using world wheat production as an

example, changes between the March projection and the final estimate have

averaged 2.5 million tons (0.5%) ranging from -8.0 to 6.9 million tons. The

March projection has been below the estimate 19 times and above 9 times.

 

                            Reliability of March Projections

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

                 :Differences between proj. & final estimate,1981/82-2008/09 1/

  Commodity and  :=============================================================

      region     :  Avg. :  Avg. :    Difference    : Below final : Above final

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

WHEAT            :Percent      Million metric tons            Number of years

   Production    :

       World     :   0.5     2.5      -8.0     6.9             19           9

       U.S.      :   0.1     0.0      -0.2     0.1             11           7

       Foreign   :   0.5     2.5      -8.0     6.9             19           9

   Exports       :

       World     :   3.1     3.6     -16.9     3.5             23           5

       U.S.      :   2.6     0.8      -1.4     2.4             15          13

       Foreign   :   4.0     3.5     -16.0     2.5             21           7

   Domestic use  :

       World     :   0.7     4.0      -9.4     9.4             11          17

       U.S.      :   3.1     0.9      -2.4     2.4             12          16

       Foreign   :   0.7     3.7      -7.9    10.2             15          13

   Ending stocks :

       World     :   3.6     4.7     -11.4     9.1             20           8

       U.S.      :   6.5     1.1      -4.4     2.5             15          13

       Foreign   :   3.8     4.1     -10.4     9.8             19           8

                 :

COARSE GRAINS 2/ :

   Production    :

       World     :   0.9     8.0     -21.7    10.9             23           5

       U.S.      :   0.0     0.1      -0.2     1.3             12           6

       Foreign   :   1.3     8.0     -21.7    10.9             23           5

   Exports       :

       World     :   3.4     3.6      -7.5     9.9             18          10

       U.S.      :   6.0     3.1      -6.9     9.1             12          16

       Foreign   :   5.6     3.0     -10.3     6.7             17          11

   Domestic use  :

       World     :   0.8     6.8     -17.1    24.2             16          12

       U.S.      :   2.3     4.4     -17.3    11.5             12          16

       Foreign   :   0.9     5.7     -14.1    17.5             20           8

   Ending stocks :

       World     :   7.3    10.2     -28.2    13.9             23           5

       U.S.      :   9.0     4.8     -13.8    15.3             17          11

       Foreign   :   8.8     7.4     -27.0    10.5             24           4

                 :

RICE, milled     :

   Production    :

       World     :   1.1     3.9     -13.7     3.4             21           7

       U.S.      :   0.9     0.0      -0.2     0.2             10           4

       Foreign   :   1.1     3.9     -13.7     3.3             21           7

   Exports       :

       World     :   6.3     1.2      -4.5     1.4             23           5

       U.S.      :   5.3     0.2      -0.5     0.3             14          11

       Foreign   :   7.1     1.2      -4.4     1.4             22           6

   Domestic use  :

       World     :   0.8     2.9      -9.8     4.8             21           7

       U.S.      :   4.9     0.1      -0.3     0.4             11          16

       Foreign   :   0.8     2.9     -10.0     4.6             21           7

   Ending stocks :

       World     :   6.3     3.3     -14.9     4.0             19           9

       U.S.      :  16.4     0.2      -0.4     0.4             15          12

       Foreign   :   6.6     3.3     -14.5     3.9             19           9

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

1/ Footnotes at end of table.                                        CONTINUED

 

                                  WASDE-480-36                    March 2010

 

                     Reliability of March Projections (Continued)

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

                 :Differences between proj. & final estimate,1981/82-2008/09 1/

  Commodity and  :=============================================================

      region     :  Avg. :  Avg. :    Difference    : Below final : Above final

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

SOYBEANS         :Percent      Million metric tons            Number of years

   Production    :

       World     :   1.9     3.1      -6.4    12.4             16          12

       U.S.      :   1.0     0.6      -2.5     1.8             12          11

       Foreign   :   3.2     2.9      -6.4    12.6             16          12

   Exports       :

       World     :   4.1     1.9      -6.1     9.6             18           9

       U.S.      :   5.3     1.3      -3.7     3.0             20           8

       Foreign   :  12.0     1.8      -5.5     9.5             12          16

   Domestic use  :

       World     :   1.8     2.6      -5.3    11.4             15          13

       U.S.      :   2.5     1.1      -3.0     2.9             18           9

       Foreign   :   1.9     2.0      -3.9    12.8             14          14

   Ending stocks :

       World     :  12.0     3.2      -6.6    13.9             16          12

       U.S.      :  22.7     1.7      -2.7     5.4              7          21

       Foreign   :  12.7     2.5      -6.3     9.7             19           9

                 :

COTTON           :        Million 480-pound bales

   Production    :

       World     :   1.3     1.2      -5.2     3.0             17           9

       U.S.      :   0.7     0.1      -0.2     0.3             11          16

       Foreign   :   1.6     1.2      -5.3     2.9             17          10

   Exports       :

       World     :   3.1     0.8      -3.1     1.4             13          14

       U.S.      :   5.2     0.5      -1.3     1.0             11          16

       Foreign   :   3.9     0.7      -3.6     1.3             16          12

   Mill use      :

       World     :   1.4     1.3      -6.0     1.3             14          14

       U.S.      :   2.9     0.2      -0.7     0.6             17           9

       Foreign   :   2.1     1.6      -5.5    10.0             16          12

   Ending stocks :

       World     :   6.5     2.4      -8.4     8.4             17          11

       U.S.      :  10.7     0.5      -1.2     1.6             10          18

       Foreign   :   7.2     2.4      -7.8     7.9             19           9

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

1/ Final estimate for 1981/82-2008/09 is defined as the first November estimate

following the marketing year.  2/ Includes corn, sorghum, barley, oats, rye,

millet, and mixed grain.

 

                                  WASDE-480-37                    March 2010

 

                   Reliability of United States March Projections 1/

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

                 :Differences between proj. & final estimate,1981/82-2008/09 2/

  Commodity and  :=============================================================

      region     :  Avg. :  Avg. :    Difference    : Below final : Above final

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

CORN             :Percent        Million bushels              Number of years

   Production    :   0.0       2        -8      38              1           1

   Exports       :   6.2     109      -254     284             11          17

   Domestic use  :   2.4     155      -474     424             13          15

   Ending stocks :  10.4     187      -552     713             18          10

                 :

SORGHUM          :

   Production    :   0.0       0         0       4              0           2

   Exports       :  11.3      26       -90      72             17          10

   Domestic use  :   7.9      33      -178     100             11          17

   Ending stocks :  28.4      29       -69     148             13          15

                 :

BARLEY           :

   Production    :   0.3       1        -3      11             12           4

   Exports       :  12.3       6       -20      13              8          18

   Domestic use  :   4.5      16       -30      70             12          14

   Ending stocks :  10.4      16       -53      24             18          10

                 :

OATS             :

   Production    :   0.1       0        -2       1              4           3

   Exports       :  17.6       1        -1       3              5           4

   Domestic use  :   3.2      11       -26      36             13          15

   Ending stocks :  10.9      12       -47      21             16          12

                 :

                 :           Thousand short tons

SOYBEAN MEAL     :

   Production    :   2.3     772     -2328    1542             21           7

   Exports       :   7.1     495     -1750     941             23           5

   Domestic use  :   2.0     522     -1106    2066             20           8

   Ending stocks :  28.4      70      -214     208             12          15

                 :

                 :              Million pounds

SOYBEAN OIL      :

   Production    :   2.2     352     -1173     627             21           7

   Exports       :  14.8     253      -750     664             16          11

   Domestic use  :   1.7     233      -685     628             18          10

   Ending stocks :  14.9     247      -692     366             16          12

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                 :

ANIMAL PROD. 3/  :              Million pounds

   Beef          :   2.3     570      -907    1613             18           8

   Pork          :   2.3     385     -1265    1667             18           8

   Broilers      :   1.3     315      -605     496             16          10

   Turkeys       :   2.0      94      -177     172             14          12

                 :

                 :              Million dozen

   Eggs          :   1.1      72      -120     169             15          11

                 :

                 :              Billion pounds

   Milk          :   1.2     1.8      -4.9     5.2             15          11

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

1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice,

soybeans, and cotton. 2/ Final estimate for 1981/82-2008/09 is defined as the

first November estimate following the marketing year. 3/ Calendar years 1983

thru 2008 for meats, eggs, and milk. Final for animal products is defined as

latest annual production estimate published by NASS.