USDA Supply/Demand Report
January 12, 2010
U.S. Feed Grain and Corn Supply and Use 1/
===============================================================================
: : : 2009/10 Projections
Item : 2007/08 : 2008/09 :==============================
: : Est. : December January
===============================================================================
FEED GRAINS :
Area : Million acres
Planted : 109.0 101.8 99.9 100.1
Harvested : 98.3 91.0 89.5 89.6
Yield per harvested : Metric tons
acre : 3.56 3.58 3.84 3.91
: Million metric tons
Beginning stocks : 36.2 45.1 47.1 47.0
Production : 349.7 325.7 343.7 350.1
Imports : 3.3 3.0 2.5 2.4
Supply, total : 389.1 373.7 393.4 399.6
Feed and residual : 157.1 142.5 143.8 147.9
Food, seed & industrial : 117.1 133.0 146.3 146.0
Domestic, total : 274.2 275.5 290.1 294.0
Exports : 69.9 51.2 55.9 55.8
Use, total : 344.1 326.6 346.0 349.7
Ending stocks, total : 45.1 47.0 47.4 49.8
CCC inventory : 0.0 0.0 0.0 0.0
Free stocks : 45.1 47.0 47.4 49.8
Outstanding loans : 2.7 4.4 5.8 5.8
:
CORN :
Area : Million acres
Planted : 93.5 86.0 86.4 86.5
Harvested : 86.5 78.6 79.3 79.6
Yield per harvested : Bushels
acre : 150.7 153.9 162.9 165.2
: Million bushels
Beginning stocks : 1,304 1,624 1,674 1,673
Production : 13,038 12,092 12,921 13,151
Imports : 20 14 10 10
Supply, total : 14,362 13,729 14,605 14,834
Feed and residual : 5,913 5,246 5,400 5,550
Food, seed & industrial : 4,387 4,953 5,480 5,470
Ethanol for fuel 2/ : 3,049 3,677 4,200 4,200
Domestic, total : 10,300 10,198 10,880 11,020
Exports : 2,437 1,858 2,050 2,050
Use, total : 12,737 12,056 12,930 13,070
Ending stocks, total : 1,624 1,673 1,675 1,764
CCC inventory : 0 0 0 0
Free stocks : 1,624 1,673 1,675 1,764
Outstanding loans : 106 171 225 225
Avg. farm price ($/bu) 3/ : 4.20 4.06 3.25- 3.85 3.40- 4.00
===============================================================================
Note: Totals may not add due to rounding. 1/ Marketing year beginning
September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a further
breakout of FSI corn uses including ethanol, see the ERS Feed Outlook table 5,
or Feed Grains Database at "www.ers.usda.gov/db/feedgrains." 3/ Marketing-year
weighted average price received by farmers.
U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/
===============================================================================
: : : 2009/10 Projections
Item : 2007/08 : 2008/09 :===============================
: : Est. : December January
===============================================================================
SOYBEANS: : Million acres
Area :
Planted : 64.7 75.7 77.5 77.5
Harvested : 64.1 74.7 76.6 76.4
:
: Bushels
Yield per harvested :
acre : 41.7 39.7 43.3 44.0
:
: Million bushels
:
Beginning stocks : 574 205 138 138
Production : 2,677 2,967 3,319 3,361
Imports : 10 13 8 8
Supply, total : 3,261 3,185 3,465 3,507
Crushings : 1,803 1,662 1,695 1,710
Exports : 1,159 1,283 1,340 1,375
Seed : 93 95 94 94
Residual : 0 6 81 83
Use, total : 3,056 3,047 3,210 3,262
Ending stocks : 205 138 255 245
Avg. farm price ($/bu) 2/ : 10.10 9.97 8.75-10.25 8.90 -10.40
:
:
: Million pounds
SOYBEAN OIL: :
Beginning stocks : 3,085 2,485 2,742 2,742
Production : 20,580 18,746 19,240 19,085
Imports : 65 90 75 75
Supply, total : 23,730 21,321 22,057 21,902
Domestic : 18,335 16,385 16,500 16,500
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 19,750
Ending stocks : 2,485 2,742 2,307 2,152
Average price (c/lb) 2/ : 52.03 32.16 35.50- 36.00-
: 38.50 39.00
:
: Thousand short tons
SOYBEAN MEAL: :
Beginning stocks : 343 294 235 235
Production : 42,284 39,104 40,325 40,425
Imports : 141 88 140 140
Supply, total : 42,768 39,486 40,700 40,800
Domestic : 33,232 30,743 30,800 30,600
Exports : 9,242 8,508 9,600 9,900
Use, total : 42,474 39,251 40,400 40,500
Ending stocks : 294 235 300 300
Average price ($/s.t.) 2/ : 335.94 331.17 260.00- 265.00-
: 310.00 315.00
===============================================================================
Note: Reliability calculations at end of report. 1/ Marketing year beginning
September 1 for soybeans; October 1 for soybean oil and meal. 2/ Prices:
soybeans, marketing year weighted average price received by farmers; for oil,
simple average of crude soybean oil, Decatur; for meal, simple average of 48
percent, Decatur.
U.S. Wheat Supply and Use 1/
===============================================================================
: : : 2009/10 Projections
Item : 2007/08 : 2008/09 :==============================
: : Est. : December January
===============================================================================
Area : Million acres
Planted : 60.5 63.2 59.1 59.1
Harvested : 51.0 55.7 49.9 49.9
Yield per harvested : Bushels
acre : 40.2 44.9 44.4 44.4
: Million bushels
Beginning stocks : 456 306 657 657
Production : 2,051 2,499 2,216 2,216
Imports : 113 127 110 110
Supply, total : 2,620 2,932 2,983 2,983
Food : 948 927 940 940
Seed : 88 75 78 72
Feed and residual : 16 258 190 170
Domestic, total : 1,051 1,260 1,208 1,182
Exports : 1,263 1,015 875 825
Use, total : 2,314 2,275 2,083 2,007
Ending stocks : 306 657 900 976
CCC inventory : 0 0 0 0
Free stocks : 306 657 900 976
Outstanding loans : 1 27 30 30
Avg. farm price ($/bu) 2/ : 6.48 6.78 4.65- 5.05 4.70- 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/ : 1,174 730 592 313 174 2,983
Domestic use : 443 263 291 101 84 1,182
Exports : 300 200 105 170 50 825
Use, total : 743 463 396 271 134 2,007
Ending stocks, total :
January : 431 267 196 42 40 976
December : 384 257 177 42 40 900
===============================================================================
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. : December January
===============================================================================
: 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 5.5
Yield (bushels/acre) : 73.2 65.0 64.0 69.4
Beginning stocks : 32 53 55 55
Production : 497 472 364 383
Imports : 0 0 0 0
Supply, total : 530 525 419 438
Feed and residual : 165 232 140 150
Food, seed & industrial : 35 95 90 90
Total domestic : 200 327 230 240
Exports : 277 143 140 140
Use, total : 477 471 370 380
Ending stocks, total : 53 55 49 58
Avg. farm price ($/bu) 2/ : 4.08 3.20 2.85- 3.45 3.05- 3.55
:
BARLEY :
Area planted (mil. acres) : 4.0 4.2 3.6 3.6
Area harv. (mil. acres) : 3.5 3.8 3.1 3.1
Yield (bushels/acre) : 60.0 63.6 73.0 73.0
Beginning stocks : 69 68 89 89
Production : 210 240 227 227
Imports : 29 29 30 25
Supply, total : 308 337 346 341
Feed and residual : 30 67 50 50
Food, seed & industrial : 169 169 170 170
Total domestic : 199 236 220 220
Exports : 41 13 10 5
Use, total : 240 249 230 225
Ending stocks, total : 68 89 116 116
Avg. farm price ($/bu) 2/ : 4.02 5.37 4.10- 4.60 4.20- 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 : 120 109 120 125
Food, seed & industrial : 74 74 75 75
Total domestic : 195 183 195 200
Exports : 3 3 3 3
Use, total : 198 186 198 203
Ending stocks, total : 67 84 74 69
Avg. farm price ($/bu) 2/ : 2.63 3.15 2.00- 2.30 2.00- 2.20
===============================================================================
Note: Totals may not add due to rounding. 1/ Marketing year beginning
September 1 for sorghum, June 1 for barley and oats. 2/ Marketing-year
weighted average price received by farmers.
U.S. Rice Supply and Use 1/
(Rough Equivalent of Rough and Milled Rice)
===============================================================================
: : : 2009/10 Projections
Item : 2007/08 : 2008/09 :==============================
: : Est. : December January
===============================================================================
TOTAL :
Area : Million acres
Planted : 2.76 3.00 3.13 3.14
Harvested : 2.75 2.98 3.10 3.10
Yield per harvested : Pounds
acre : 7,219 6,846 7,038 7,085
:
: Million hundredweight
Beginning stocks 2/ : 39.3 29.4 30.4 30.4
Production : 198.4 203.7 218.2 219.9
Imports : 23.9 19.2 21.0 21.0
Supply, total : 261.6 252.4 269.7 271.3
Domestic & residual 3/ : 127.4 128.4 129.5 129.5
Exports, total 4/ : 104.7 93.6 97.0 99.0
Rough : 37.7 31.1 35.0 35.0
Milled (rough equiv.) : 67.1 62.5 62.0 64.0
Use, total : 232.2 222.0 226.5 228.5
Ending stocks : 29.4 30.4 43.2 42.8
Avg. milling yield (%) 5/ : 70.5 70.5 70.5 70.5
Avg. farm price ($/cwt) 6/ : 12.80 16.80 13.90-14.90 13.65-14.65
:
LONG GRAIN :
Harvested acres (mil.) : 2.05 2.35 2.27
Yield (pounds/acre) : 6,980 6,522 6,743
Beginning stocks : 28.5 19.0 20.1 20.1
Production : 143.2 153.3 152.5 152.7
Supply, total 7/ : 189.4 188.2 190.1 190.8
Domestic & Residual 3/ : 91.3 103.0 99.5 99.5
Exports 8/ : 79.1 65.1 68.0 69.0
Use, total : 170.4 168.1 167.5 168.5
Ending stocks : 19.0 20.1 22.6 22.3
Avg. farm price ($/cwt) 6/ : 12.40 15.00 12.60-13.60 12.50-13.50
:
MEDIUM & SHORT GRAIN :
Harvested acres (mil.) : 0.70 0.63 0.84
Yield (pounds/acre) : 7,924 8,063 8,010
Beginning stocks : 10.0 9.1 8.0 8.0
Production : 55.2 50.5 65.7 67.1
Supply, total 7/ : 70.8 61.9 77.2 78.1
Domestic & Residual 3/ : 36.1 25.3 30.0 30.0
Exports 8/ : 25.7 28.5 29.0 30.0
Use, total : 61.8 53.9 59.0 60.0
Ending stocks : 9.1 8.0 18.2 18.1
Avg. farm price ($/cwt) 6/ : 14.60 23.70 17.75-18.75 17.00-18.00
===============================================================================
Note: Totals may not add due to rounding. 1/ Marketing year beginning August
1. 2/ Includes the following quantities of broken kernel rice (type
undetermined) not included in estimates of beginning stocks by type (in mil.
cwt): 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. : December January
===============================================================================
: Million acres
Area :
Planted : 10.83 9.47 9.14 9.15
Harvested : 10.49 7.57 7.73 7.69
:
: Pounds
Yield per harvested :
acre : 879 813 782 774
:
: Million 480 pound bales
:
Beginning stocks 2/ : 9.48 10.04 6.34 6.34
Production : 19.21 12.82 12.59 12.40
Imports : 0.01 0.00 0.01 0.01
Supply, total : 28.70 22.86 18.93 18.74
Domestic use : 4.59 3.59 3.40 3.40
Exports : 13.65 13.28 11.00 11.00
Use, total : 18.24 16.86 14.40 14.40
Unaccounted 3/ : 0.41 -0.34 0.03 0.04
Ending stocks : 10.04 6.34 4.50 4.30
:
Avg. farm price 4/ : 59.3 47.8 56.0-64.0 57.0-64.0
===============================================================================
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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