USDA Supply/Demand Report

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

                       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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