USDA Supply/Demand Report
November 12, 2009
U.S. Feed Grain and Corn Supply and Use 1/
===============================================================================
: : : 2009/10 Projections
Item : 2007/08 : 2008/09 :==============================
: : Est. : October November
===============================================================================
FEED GRAINS :
Area : Million acres
Planted : 109.0 101.8 99.9 99.9
Harvested : 98.3 91.1 89.5 89.5
Yield per harvested : Metric tons
acre : 3.56 3.58 3.87 3.84
: Million metric tons
Beginning stocks : 36.2 45.1 47.1 47.1
Production : 349.7 325.9 346.2 343.7
Imports : 3.3 3.0 2.5 2.5
Supply, total : 389.1 373.9 395.8 393.4
Feed and residual : 157.1 142.7 143.8 143.8
Food, seed & industrial : 117.1 133.0 146.3 146.3
Domestic, total : 274.2 275.7 290.1 290.1
Exports : 69.9 51.2 58.5 57.2
Use, total : 344.1 326.8 348.6 347.2
Ending stocks, total : 45.1 47.1 47.2 46.1
CCC inventory : 0.0 0.0 0.0 0.0
Free stocks : 45.1 47.1 47.2 46.1
Outstanding loans : 2.7 4.4 5.8 5.8
:
CORN :
Area : Million acres
Planted : 93.5 86.0 86.4 86.4
Harvested : 86.5 78.6 79.3 79.3
Yield per harvested : Bushels
acre : 150.7 153.9 164.2 162.9
: Million bushels
Beginning stocks : 1,304 1,624 1,674 1,674
Production : 13,038 12,101 13,018 12,921
Imports : 20 14 10 10
Supply, total : 14,362 13,739 14,702 14,605
Feed and residual : 5,913 5,254 5,400 5,400
Food, seed & industrial : 4,387 4,953 5,480 5,480
Ethanol for fuel 2/ : 3,049 3,677 4,200 4,200
Domestic, total : 10,300 10,207 10,880 10,880
Exports : 2,437 1,858 2,150 2,100
Use, total : 12,737 12,065 13,030 12,980
Ending stocks, total : 1,624 1,674 1,672 1,625
CCC inventory : 0 0 0 0
Free stocks : 1,624 1,674 1,672 1,625
Outstanding loans : 106 171 225 225
Avg. farm price ($/bu) 3/ : 4.20 4.06 3.05- 3.65 3.25- 3.85
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Note: Totals may not add due to rounding. 1/ Marketing year beginning
September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further
breakout of FSI corn uses including ethanol, see the ERS Feed Outlook table 5,
or Feed Grains Database at "www.ers.usda.gov/db/feedgrains." 3/ Marketing-year
weighted average price received by farmers.
U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/
===============================================================================
: : : 2009/10 Projections
Item : 2007/08 : 2008/09 :===============================
: : Est. : October November
===============================================================================
SOYBEANS: : Million acres
Area :
Planted : 64.7 75.7 77.5 77.5
Harvested : 64.1 74.7 76.6 76.6
:
: Bushels
Yield per harvested :
acre : 41.7 39.7 42.4 43.3
:
: Million bushels
:
Beginning stocks : 574 205 138 138
Production : 2,677 2,967 3,250 3,319
Imports : 10 13 10 8
Supply, total : 3,261 3,185 3,398 3,465
Crushings : 1,803 1,662 1,690 1,695
Exports : 1,159 1,283 1,305 1,325
Seed : 93 95 94 94
Residual : 0 6 79 81
Use, total : 3,056 3,047 3,169 3,195
Ending stocks : 205 138 230 270
Avg. farm price ($/bu) 2/ : 10.10 9.97 8.00-10.00 8.20 -10.20
:
:
: Million pounds
SOYBEAN OIL: :
Beginning stocks : 3,085 2,485 2,875 2,739
Production : 20,580 18,753 19,180 19,240
Imports : 65 90 75 75
Supply, total : 23,730 21,328 22,130 22,054
Domestic : 18,335 16,339 16,500 16,500
For methyl ester : 3,245 1,904 2,100 2,200
Exports : 2,911 2,250 3,250 3,250
Use, total : 21,246 18,589 19,750 19,750
Ending stocks : 2,485 2,739 2,380 2,304
Average price (c/lb) 2/ : 52.03 32.16 32.00- 33.00-
: 36.00 37.00
:
: Thousand short tons
SOYBEAN MEAL: :
Beginning stocks : 343 294 300 239
Production : 42,284 39,112 40,235 40,321
Imports : 141 90 165 140
Supply, total : 42,768 39,496 40,700 40,700
Domestic : 33,232 30,757 30,800 30,800
Exports : 9,242 8,500 9,600 9,600
Use, total : 42,474 39,257 40,400 40,400
Ending stocks : 294 239 300 300
Average price ($/s.t.) 2/ : 335.94 331.17 245.00- 250.00-
: 305.00 310.00
===============================================================================
Note: Reliability calculations at end of report. 1/ Marketing year beginning
September 1 for soybeans; October 1 for soybean oil and meal. 2/ Prices:
Soybeans, marketing year weighted average price received by farmers; for Oil,
simple average of crude soybean oil, Decatur; for Meal, simple average of 48
percent, Decatur.
U.S. Wheat Supply and Use 1/
===============================================================================
: : : 2009/10 Projections
Item : 2007/08 : 2008/09 :==============================
: : Est. : October November
===============================================================================
Area : Million acres
Planted : 60.5 63.2 59.1 59.1
Harvested : 51.0 55.7 50.1 49.9
Yield per harvested : Bushels
acre : 40.2 44.9 44.4 44.4
: Million bushels
Beginning stocks : 456 306 657 657
Production : 2,051 2,499 2,220 2,216
Imports : 113 127 110 110
Supply, total : 2,620 2,932 2,987 2,983
Food : 948 925 955 955
Seed : 88 75 78 78
Feed and residual : 16 260 190 190
Domestic, total : 1,051 1,260 1,223 1,223
Exports : 1,263 1,015 900 875
Use, total : 2,314 2,275 2,123 2,098
Ending stocks : 306 657 864 885
CCC inventory : 0 0 0 0
Free stocks : 306 657 864 885
Outstanding loans : 1 27 30 30
Avg. farm price ($/bu) 2/ : 6.48 6.78 4.55- 5.15 4.65- 5.05
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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/ : 1,174 730 592 313 174 2,983
Domestic use : 475 265 300 101 82 1,223
Exports : 335 210 125 160 45 875
Use, total : 810 475 425 261 127 2,098
Ending stocks, total :
November : 364 255 167 52 47 885
October : 354 253 162 42 53 864
===============================================================================
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.
U.S. Sorghum, Barley and Oats Supply and Use 1/
===============================================================================
: : : 2009/10 Projections
Item : 2007/08 : 2008/09 :==============================
: : Est. : October November
===============================================================================
: Million bushels
SORGHUM :
Area planted (mil. acres) : 7.7 8.3 6.6 6.6
Area harv. (mil. acres) : 6.8 7.3 5.7 5.7
Yield (bushels/acre) : 73.2 65.0 64.0 64.0
Beginning stocks : 32 53 55 55
Production : 497 472 364 364
Imports : 0 0 0 0
Supply, total : 530 525 418 419
Feed and residual : 165 232 140 140
Food, seed & industrial : 35 95 90 90
Total domestic : 200 327 230 230
Exports : 277 143 140 140
Use, total : 477 470 370 370
Ending stocks, total : 53 55 48 49
Avg. farm price ($/bu) 2/ : 4.08 3.20 2.60- 3.20 2.85- 3.45
:
BARLEY :
Area planted (mil. acres) : 4.0 4.2 3.6 3.6
Area harv. (mil. acres) : 3.5 3.8 3.1 3.1
Yield (bushels/acre) : 60.0 63.6 72.8 73.0
Beginning stocks : 69 68 89 89
Production : 210 240 227 227
Imports : 29 29 30 30
Supply, total : 308 337 346 346
Feed and residual : 30 67 50 50
Food, seed & industrial : 169 169 170 170
Total domestic : 199 236 220 220
Exports : 41 13 15 10
Use, total : 240 249 235 230
Ending stocks, total : 68 89 111 116
Avg. farm price ($/bu) 2/ : 4.02 5.37 3.70- 4.20 4.10- 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 67.6 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 : 120 109 120 120
Food, seed & industrial : 74 74 75 75
Total domestic : 195 183 195 195
Exports : 3 3 3 3
Use, total : 198 186 198 198
Ending stocks, total : 67 84 74 74
Avg. farm price ($/bu) 2/ : 2.63 3.15 1.85- 2.15 2.00- 2.30
===============================================================================
Note: Totals may not add due to rounding. 1/ Marketing year beginning
September 1 for sorghum, June 1 for barley and oats. 2/ Marketing-year
weighted average price received by farmers.
U.S. Rice Supply and Use 1/
(Rough Equivalent of Rough and Milled Rice)
===============================================================================
: : : 2009/10 Projections
Item : 2007/08 : 2008/09 :==============================
: : Est. : October November
===============================================================================
TOTAL :
Area : Million acres
Planted : 2.76 3.00 3.13 3.13
Harvested : 2.75 2.98 3.10 3.10
Yield per harvested : Pounds
acre : 7,219 6,846 7,115 7,038
:
: Million hundredweight
Beginning stocks 2/ : 39.3 29.4 30.4 30.4
Production : 198.4 203.7 220.6 218.2
Imports : 23.9 19.2 21.0 21.0
Supply, total : 261.6 252.4 272.1 269.7
Domestic & residual 3/ : 127.4 128.4 129.5 129.5
Exports, total 4/ : 104.7 93.6 96.0 96.0
Rough : 37.7 31.1 33.0 33.0
Milled (rough equiv.) : 67.1 62.5 63.0 63.0
Use, total : 232.2 222.0 225.5 225.5
Ending stocks : 29.4 30.4 46.6 44.2
Avg. milling yield (%) 5/ : 70.5 70.5 70.5 70.5
Avg. farm price ($/cwt) 6/ : 12.80 16.80 13.00-14.00 13.85-14.85
:
LONG GRAIN :
Harvested acres (mil.) : 2.05 2.35
Yield (pounds/acre) : 6,980 6,522
Beginning stocks : 28.5 19.0 20.1 20.1
Production : 143.2 153.3 154.2 152.5
Supply, total 7/ : 189.4 188.2 191.8 190.1
Domestic & Residual 3/ : 91.3 103.0 99.5 99.5
Exports 8/ : 79.1 65.1 68.0 68.0
Use, total : 170.4 168.1 167.5 167.5
Ending stocks : 19.0 20.1 24.3 22.6
Avg. farm price ($/cwt) 6/ : 12.40 15.00 11.75-12.75 12.50-13.50
:
MEDIUM & SHORT GRAIN :
Harvested acres (mil.) : 0.70 0.63
Yield (pounds/acre) : 7,924 8,063
Beginning stocks : 10.0 9.1 8.0 8.0
Production : 55.2 50.5 66.4 65.7
Supply, total 7/ : 70.8 61.9 77.9 77.2
Domestic & Residual 3/ : 36.1 25.3 30.0 30.0
Exports 8/ : 25.7 28.5 28.0 28.0
Use, total : 61.8 53.9 58.0 58.0
Ending stocks : 9.1 8.0 19.9 19.2
Avg. farm price ($/cwt) 6/ : 14.60 23.70 17.50-18.50 18.00-19.00
===============================================================================
Note: Totals may not add due to rounding. 1/ Marketing year beginning August
1. 2/ Includes the following quantities of broken kernel rice (type
undetermined) not included in estimates of beginning stocks by type (in mil.
cwt): 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.
U. S. Cotton Supply and Use 1/
===============================================================================
: : : 2009/10 Projections
Item : 2007/08 : 2008/09 :===============================
: : Est. : October November
===============================================================================
: Million acres
Area :
Planted : 10.83 9.47 9.14 9.14
Harvested : 10.49 7.57 7.73 7.73
:
: Pounds
Yield per harvested :
acre : 879 813 807 776
:
: Million 480 pound bales
:
Beginning stocks 2/ : 9.48 10.04 6.34 6.34
Production : 19.21 12.82 13.00 12.50
Imports : 0.01 0.00 0.01 0.01
Supply, total : 28.70 22.86 19.34 18.84
Domestic use : 4.59 3.59 3.40 3.40
Exports : 13.65 13.28 10.50 10.50
Use, total : 18.24 16.86 13.90 13.90
Unaccounted 3/ : 0.41 -0.34 0.04 0.04
Ending stocks : 10.04 6.34 5.40 4.90
:
Avg. farm price 4/ : 59.3 47.8 49.0-57.0 52.0-60.0
===============================================================================
Note: Reliability calculations at end of report.
1/ Upland and extra-long staple; marketing year beginning August 1. Totals may
not add due to rounding. 2/ Based on Bureau of Census data. 3/ Reflects the
difference between the previous season's supply less total use and ending
stocks based on Bureau of Census data. 4/ Cents per pound for upland cotton.
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