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World Coarse Grains: FAPRI 2009 Agricultural Outlook / 215

Per Capita Grain Consumption of Selected Countries

 

08/09

09/10

10/11

11/12

12/13

13/14

14/15

15/16

16/17

17/18

18/19

 

 

 

 

 

 

 

 

 

 

 

 

Algeria

 

 

 

 

 

(Kilograms)

 

 

 

 

 

Corn

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Barley

4.44

4.42

4.44

4.45

4.46

4.48

4.50

4.53

4.57

4.60

4.63

Argentina

46.93

46.13

46.40

46.53

46.97

47.01

47.25

47.57

48.05

48.33

48.65

Corn

Barley

9.88

9.82

9.78

9.78

9.77

9.78

9.77

9.81

9.84

9.85

9.83

Sorghum

4.94

4.99

4.98

4.94

4.91

4.86

4.81

4.78

4.74

4.69

4.65

Australia

5.95

5.88

5.83

5.88

5.96

6.02

6.06

6.10

6.16

6.22

6.27

Corn

Barley

45.22

44.96

44.77

44.76

44.83

45.14

45.29

45.47

45.54

45.57

45.55

Sorghum

0.24

0.23

0.22

0.22

0.22

0.22

0.22

0.22

0.22

0.22

0.22

Brazil

38.20

35.00

34.95

34.66

34.67

34.54

34.51

34.50

34.56

34.59

34.64

Corn

Barley

2.44

2.42

2.40

2.36

2.34

2.34

2.33

2.33

2.33

2.34

2.33

Canada

120.44

130.73

135.76

138.32

138.80

138.92

139.00

139.34

140.44

142.31

144.14

Corn

Barley

42.15

41.29

41.96

42.47

42.44

42.49

42.15

41.93

41.87

42.11

42.11

China

35.34

35.96

36.21

36.41

36.56

36.69

36.81

36.90

36.99

37.02

37.08

Corn

Barley

2.93

3.00

3.04

3.06

3.09

3.12

3.14

3.16

3.18

3.21

3.22

Egypt

28.15

27.52

27.79

27.54

27.62

27.41

27.44

27.48

27.70

27.89

28.13

Corn

European Union

28.54

27.45

27.73

27.96

28.24

28.46

28.77

29.08

29.42

29.75

30.06

Corn

Barley

34.66

36.91

37.23

37.61

37.92

38.18

38.53

38.90

39.28

39.67

40.02

India

9.15

8.91

8.94

8.94

8.98

8.99

9.01

9.02

9.04

9.04

9.05

Corn

Sorghum

4.64

5.10

5.12

5.12

5.08

5.05

5.01

4.98

4.95

4.94

4.93

Indonesia

16.84

16.53

16.58

16.58

16.58

16.58

16.52

16.52

16.53

16.50

16.48

Corn

Israel

14.06

13.28

13.48

13.43

13.69

13.58

13.54

13.54

13.65

13.73

13.84

Corn

Barley

1.41

1.42

1.42

1.42

1.42

1.42

1.41

1.41

1.41

1.41

1.41

Sorghum

0.70

0.69

0.68

0.67

0.66

0.65

0.64

0.63

0.62

0.61

0.60

Japan

37.71

38.24

38.05

38.00

38.16

37.89

37.86

37.85

37.94

38.01

38.13

Corn

Barley

2.36

2.37

2.36

2.37

2.36

2.37

2.37

2.37

2.38

2.38

2.38

Sorghum

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Malaysia

6.92

6.95

7.01

7.01

7.05

7.06

7.08

7.11

7.15

7.18

7.22

Corn

Mexico

145.51

142.39

142.48

142.32

142.95

142.58

142.86

142.81

142.88

142.70

142.70

Corn

Barley

7.28

7.39

7.44

7.44

7.40

7.40

7.38

7.39

7.44

7.51

7.56

Sorghum

0.91

0.88

0.88

0.88

0.88

0.88

0.87

0.87

0.88

0.88

0.89

Nigeria

73.84

73.04

74.50

73.71

72.17

71.45

71.20

71.75

72.14

72.13

71.84

Sorghum

216 / World Coarse Grains: FAPRI 2009 Agricultural Outlook

Per Capita Grain Consumption of Selected Countries (continued)

 

08/09

09/10

10/11

11/12

12/13

13/14

14/15

15/16

16/17

17/18

18/19

 

 

 

 

 

 

 

 

 

 

 

 

Other Africa

 

 

 

 

 

(Kilograms)

 

 

 

 

 

Corn

41.29

40.79

40.88

40.76

40.75

40.58

40.50

40.39

40.35

40.28

40.22

Barley

3.71

3.76

3.77

3.78

3.78

3.79

3.79

3.80

3.80

3.80

3.80

Other Asia

11.22

11.10

11.13

11.06

11.07

11.01

10.99

10.98

11.00

11.00

11.01

Corn

Barley

0.84

0.84

0.84

0.84

0.83

0.83

0.83

0.83

0.83

0.83

0.83

Other Eastern Europe

18.55

18.57

18.74

18.73

18.88

18.85

18.94

19.04

19.23

19.38

19.56

Corn

Barley

6.84

6.98

7.02

7.03

7.02

7.03

7.05

7.10

7.15

7.20

7.25

Other CIS

4.82

4.80

4.83

4.84

4.86

4.86

4.86

4.87

4.88

4.89

4.90

Corn

Barley

12.76

12.78

12.82

12.84

12.83

12.82

12.81

12.80

12.79

12.78

12.77

Other Latin America

29.50

29.03

29.37

29.42

29.67

29.72

29.90

30.09

30.36

30.57

30.79

Corn

Barley

4.43

4.40

4.12

4.11

4.12

4.16

4.18

4.22

4.25

4.29

4.32

Other Middle East

7.13

7.21

7.26

7.27

7.30

7.30

7.31

7.32

7.34

7.34

7.34

Corn

Barley

8.22

8.44

8.46

8.50

8.49

8.52

8.52

8.54

8.54

8.55

8.56

Pakistan

8.68

8.50

8.54

8.53

8.58

8.58

8.60

8.63

8.68

8.70

8.73

Corn

Barley

1.53

1.48

1.41

1.38

1.36

1.35

1.33

1.31

1.30

1.28

1.26

Sorghum

0.41

0.37

0.37

0.37

0.37

0.38

0.38

0.39

0.39

0.39

0.39

Philippines

17.70

17.21

17.27

17.14

17.26

17.28

17.27

17.31

17.36

17.33

17.33

Corn

Russia

4.98

4.75

4.77

4.81

4.83

4.83

4.84

4.86

4.88

4.89

4.91

Corn

Barley

36.25

36.97

37.16

37.43

37.54

37.68

37.78

37.91

38.02

38.16

38.26

Saudi Arabia

0.36

0.48

0.58

0.59

0.60

0.61

0.61

0.62

0.63

0.65

0.66

Barley

South Africa

94.30

94.19

95.92

95.49

95.85

95.51

95.56

95.84

96.52

96.96

97.42

Corn

Barley

5.64

5.61

5.61

5.61

5.60

5.60

5.60

5.60

5.59

5.59

5.59

Sorghum

3.69

3.62

3.69

3.69

3.71

3.71

3.73

3.76

3.79

3.82

3.85

South Korea

39.27

36.75

35.95

35.75

35.78

35.64

35.67

35.66

35.53

35.43

35.34

Corn

Taiwan

8.73

8.64

8.79

8.82

9.00

9.00

9.05

9.11

9.25

9.32

9.40

Corn

Barley

1.31

1.32

1.35

1.37

1.41

1.44

1.46

1.49

1.52

1.54

1.56

Thailand

1.53

1.45

1.44

1.42

1.42

1.42

1.42

1.42

1.42

1.42

1.42

Corn

Ukraine

15.22

15.24

15.12

15.09

15.18

15.20

15.27

15.34

15.47

15.60

15.74

Corn

Barley

36.96

35.31

35.49

36.02

36.40

36.90

37.26

37.60

37.84

38.09

38.27

United States

407.57

446.14

465.00

486.73

490.16

502.88

514.98

525.72

523.21

517.99

512.86

Corn

Barley

11.46

11.83

11.80

11.71

11.63

11.54

11.44

11.32

11.22

11.11

11.00

Sorghum

5.88

6.32

6.72

7.09

7.40

7.74

8.11

8.42

8.65

8.91

9.19

Vietnam

13.93

14.07

14.19

14.26

14.27

14.29

14.32

14.36

14.41

14.45

14.50

Corn

 

 

 

 

 

 

 

 

 

 

 

 

‡ Countries included: Albania, Bosnia and Herzegovina, Croatia, Macedonia, Serbia, Montenegro.

† Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Uzbekistan.

WORLD OILSEEDS

AND PRODUCTS

220 / World Oilseeds and Products: FAPRI 2009 Agricultural Outlook

World Soybeans and Soybean Products

The world soybean price decreases by 21% in 2008/09 from the high prices of last year, driven by a supply expansion and weaker world demand. It continues to decline by 11% over the next season because of strong supplies and lower meal values. A slowdown in production expansion in South America and the U.S. and strengthening soybean meal demand due to the economic recovery stabilize the price for the remainder of the projection period. However, the soybean price is not expected to return to its historical levels for the remainder of the decade.

Because of weaker competition from corn in 2008/09, U.S. soybean production increased by 11% despite relatively weak yields. The increase in U.S. production pulled the world soybean output up by 5%, counteracting the sharp declines in production in Brazil and Paraguay. World production is expected to increase again by 5% in 2009/10 as yields return to trend levels in the U.S. and the main South American producing countries. Encouraged by relatively strong real prices, Brazil’s soybean area expansion is expected to post an average growth of 2.3% annually throughout the decade. However, the U.S. remains the leading producer over the projection period. World production reaches 295 mmt at the end of the outlook period and is concentrated in Argentina, Brazil,

and the U.S. By 2018/19, the U.S. holds a 32% share while Brazil and Argentina contribute 32% and 22% of production, respectively.

Declining crop area, which is the result of falling real domestic prices and expanding urban uses, leads to almost stagnant soybean production in China. Meanwhile, robust economic growth encourages domestic consumption to increase by 42% over the baseline period. Policies favoring oilseed imports and domestic crush make China the world’s leading soybean importer. China expands its imports to 56 mmt, accounting for 59% of total world imports over the next 10 years. This strong demand for soybeans becomes a focus of attention for major exporting countries. Brazil and the U.S. dominate the soybean net exports market. Brazil surpasses the U.S. to become the

largest soybean net exporter in 2014/15, and the difference increases by the end of the period. Brazil’s export share reaches 44% by the end of the decade while the U.S. share of world soybean net exports is projected to decline to 32% in 2018/19. Soybean imports by the EU decline over time, as the block shifts its demand toward meal.

The price of soybean meal also declines sharply during 2008/09 because of weak demand. Meal loses 18% of its value when compared to the previous season. Prices are expected to decline through the middle of the outlook period as production outpaces demand from livestock sectors around the world. Strengthening feed demand reverses the trend by the end of the projection period. China increases its consumption by 4.2% annually because of strong expansion in its livestock sector. U.S. domestic consumption expands by 17% over the next decade. The volume of net exports in the soybean meal market increases by 31% throughout the baseline. Argentina, the leading soybean meal net exporter, ships 98% of its production to the world market because of its differential export tax and low domestic demand. Argentina exports 36 mmt by 2018/19 and its market share grows to 52%. The EU remains by far the top net importer, accounting for 37% of world net imports.

In line with other commodities, the price of soybean oil declines by 35% in 2008/09. However, driven by strong demand for food and industrial uses, the soybean oil price starts to recover next season, before the turnaround of other products in the complex. Because of its income and population growth, China became the largest soybean oil consumer in 2006/07 and continues to increase its share, accounting for 33% by 2018/19. Because of their biodiesel mandates, Argentina and Brazil are expected to increase soybean oil industrial use by 51% and 74%, respectively, over the projection period. Exports are dominated by a few countries, but importers are diverse. Despite the domestic biodiesel mandate, Argentina still dominates world soybean oil exports, satisfying 62% of the world market. Brazil and the U.S. together account for 36% of world soybean oil net exports by 2018/19. China and India’s combined share of net imports is 46% of the world market.

World Oilseeds and Products: FAPRI 2009 Agricultural Outlook / 221

Soybean Trade

 

08/09

09/10

10/11

11/12

12/13

13/14

14/15

15/16

16/17

17/18

18/19

Net Exporters

 

 

 

 

(Thousand Metric Tons)

 

 

 

 

Argentina

11,865

13,609

13,272

12,893

12,632

12,482

12,521

12,658

12,848

13,079

13,346

Brazil

25,200

23,220

24,773

26,401

28,509

30,759

33,103

35,489

37,794

40,009

42,214

Canada

1,480

1,433

1,397

1,417

1,427

1,444

1,457

1,448

1,419

1,409

1,403

India

5

5

5

5

5

5

5

5

5

5

5

Other CIS

-300

-312

-299

-293

-287

-281

-273

-264

-254

-243

-230

Paraguay

3,985

4,991

5,082

5,204

5,472

5,838

6,235

6,644

7,075

7,536

8,008

United States

29,701

31,578

31,873

32,314

32,315

32,256

31,900

31,572

31,381

31,219

30,987

Total Net Exports *

72,236

74,836

76,402

78,234

80,359

82,785

85,221

87,816

90,521

93,257

95,963

Net Importers

 

 

 

 

 

 

 

 

 

 

 

China

35,550

37,290

39,375

41,346

43,266

45,327

47,408

49,549

51,789

54,081

56,379

European Union

14,120

14,824

14,038

13,686

13,562

13,526

13,508

13,566

13,607

13,630

13,631

Japan

4,000

3,932

3,830

3,706

3,666

3,655

3,644

3,640

3,637

3,632

3,620

Mexico

3,585

3,464

3,482

3,522

3,550

3,586

3,614

3,618

3,619

3,617

3,616

South Korea

1,260

1,272

1,274

1,274

1,275

1,280

1,281

1,287

1,299

1,311

1,335

Taiwan

2,350

2,368

2,383

2,402

2,423

2,447

2,471

2,497

2,521

2,546

2,571

Rest of World

9,820

10,124

10,469

10,754

11,081

11,433

11,773

12,144

12,545

12,946

13,330

Residual

1,251

1,251

1,251

1,251

1,251

1,251

1,251

1,251

1,251

1,251

1,251

Total Net Imports

72,236

74,836

76,402

78,234

80,359

82,785

85,221

87,816

90,521

93,257

95,963

Prices

 

 

 

 

(U.S. Dollars per Metric Ton)

 

 

 

 

Illinois Processor

368

346

348

358

366

375

383

389

391

392

394

CIF Rotterdam

434

385

394

413

424

435

444

448

449

450

451

 

 

 

 

 

 

 

 

 

 

 

 

* Total net exports are the sum of all positive net exports and negative net imports.

† Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan.

222 / World Oilseeds and Products: FAPRI 2009 Agricultural Outlook

Soybean Meal Trade

 

08/09

09/10

10/11

11/12

12/13

13/14

14/15

15/16

16/17

17/18

18/19

Net Exporters

 

 

 

 

(Thousand Metric Tons)

 

 

 

 

Argentina

27,368

28,815

30,369

31,587

32,520

33,340

33,985

34,579

35,177

35,718

36,257

Brazil

12,245

13,373

13,781

13,493

13,394

13,337

13,337

13,319

13,280

13,241

13,190

China

400

453

442

467

356

315

285

344

396

477

515

India

4,798

5,016

5,274

5,507

5,715

5,871

6,015

6,150

6,277

6,403

6,522

Paraguay

1,079

1,172

1,191

1,219

1,263

1,310

1,354

1,401

1,452

1,501

1,549

United States

7,470

7,588

8,044

8,495

8,964

9,407

9,836

10,272

10,783

11,309

11,881

Total Net Exports *

53,360

56,417

59,101

60,768

62,211

63,580

64,812

66,065

67,365

68,649

69,914

Net Importers

 

 

 

 

 

 

 

 

 

 

 

Canada

1,360

1,627

1,759

1,809

1,824

1,801

1,773

1,773

1,810

1,820

1,831

European Union

22,450

23,755

24,759

24,959

25,144

25,299

25,372

25,421

25,522

25,647

25,781

Japan

1,760

1,917

2,073

2,188

2,260

2,305

2,321

2,331

2,334

2,345

2,372

Mexico

1,591

1,819

1,792

1,797

1,815

1,824

1,842

1,890

1,933

1,978

2,016

Other CIS

1,072

1,128

1,149

1,156

1,156

1,151

1,145

1,141

1,138

1,136

1,136

South Korea

1,850

2,262

2,201

2,186

2,196

2,215

2,234

2,244

2,253

2,253

2,255

Taiwan

3

116

164

209

220

233

240

251

259

268

275

Rest of World

22,658

23,178

24,588

25,847

26,980

28,136

29,269

30,396

31,501

32,585

33,633

Residual

616

616

616

616

616

616

616

616

616

616

616

Total Net Imports

53,360

56,417

59,101

60,768

62,211

63,580

64,812

66,065

67,365

68,649

69,914

Prices

 

 

 

 

(U.S. Dollars per Metric Ton)

 

 

 

 

FOB Decatur 48%

328

294

282

278

280

285

290

293

292

291

290

CIF Rotterdam

387

348

334

329

331

337

343

347

346

344

344

 

 

 

 

 

 

 

* Total net exports are the sum of all positive net exports and negative net imports.

 

 

 

 

 

 

† Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan.

 

Soybean Oil Trade

 

 

 

 

 

 

 

 

 

 

 

 

08/09

09/10

10/11

11/12

12/13

13/14

14/15

15/16

16/17

17/18

18/19

 

 

 

 

 

 

 

 

 

 

Net Exporters

 

 

 

 

(Thousand Metric Tons)

 

 

 

 

Argentina

5,650

5,501

5,883

6,125

6,313

6,501

6,658

6,817

6,989

7,149

7,312

Brazil

2,090

2,058

2,148

2,191

2,173

2,191

2,211

2,251

2,317

2,384

2,446

Paraguay

251

249

205

178

353

226

281

297

299

313

315

United States

771

695

632

613

714

965

1,124

1,300

1,485

1,681

1,915

Total Net Exports *

8,762

8,503

8,868

9,106

9,553

9,883

10,275

10,665

11,091

11,527

11,988

Net Importers

 

 

 

 

 

 

 

 

 

 

 

Canada

57

67

73

70

71

65

61

60

62

61

60

China

2,300

2,312

2,390

2,519

2,771

2,963

3,171

3,390

3,632

3,880

4,133

European Union

370

493

682

784

828

852

869

864

870

880

895

India

640

322

433

492

591

695

816

943

1,076

1,208

1,346

Japan

45

72

94

102

106

105

105

104

104

102

102

Mexico

225

259

247

228

229

226

230

245

260

276

293

Other CIS

20

65

59

51

45

38

32

25

19

12

5

South Korea

305

368

367

360

366

369

376

381

385

390

397

Taiwan

52

58

47

45

49

51

56

62

63

65

68

Rest of World

4,410

4,150

4,137

4,116

4,160

4,181

4,221

4,253

4,283

4,315

4,350

Residual

338

338

338

338

338

338

338

338

338

338

338

Total Net Imports

8,762

8,503

8,868

9,106

9,553

9,883

10,275

10,665

11,091

11,527

11,988

Prices

 

 

 

 

(U.S. Dollars per Metric Ton)

 

 

 

 

FOB Decatur

778

801

873

946

978

1,009

1,030

1,052

1,076

1,097

1,118

FOB Rotterdam

856

881

959

1,038

1,072

1,105

1,128

1,151

1,177

1,200

1,222

 

 

 

 

 

 

 

 

 

 

 

 

* Total net exports are the sum of all positive net exports and negative net imports.

† Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan.

World Oilseeds and Products: FAPRI 2009 Agricultural Outlook / 223

World Soybean Sector Supply and Utilization

 

08/09

09/10

10/11

11/12

12/13

13/14

14/15

15/16

16/17

17/18

18/19

 

 

 

 

 

 

 

 

 

 

Soybeans

 

 

 

 

(Thousand Hectares)

 

 

 

 

Area Harvested

97,785

98,896

100,214

101,622

102,969

104,307

105,505

106,751

108,068

109,316

110,506

 

 

 

 

 

(Thousand Metric Tons)

 

 

 

 

Production

232,792

243,403

248,725

254,555

260,321

266,213

271,762

277,594

283,749

289,787

295,611

Beginning Stocks

53,100

53,530

55,489

55,601

55,479

55,501

55,507

55,518

55,620

55,851

56,099

Domestic Supply

285,892

296,933

304,214

310,156

315,801

321,714

327,268

333,112

339,369

345,638

351,710

Crush

200,707

208,948

215,648

221,490

226,873

232,596

237,951

243,437

249,142

254,850

260,450

Food Use

14,481

14,824

15,010

15,109

15,230

15,320

15,402

15,506

15,635

15,754

15,855

Other Use

15,923

16,420

16,704

16,826

16,946

17,040

17,147

17,298

17,489

17,684

17,856

Residual

1,251

1,251

1,251

1,251

1,251

1,251

1,251

1,251

1,251

1,251

1,251

Ending Stocks

53,530

55,489

55,601

55,479

55,501

55,507

55,518

55,620

55,851

56,099

56,298

Domestic Use

285,892

296,932

304,214

310,155

315,801

321,714

327,268

333,112

339,369

345,638

351,709

Trade *

72,236

74,836

76,402

78,234

80,359

82,785

85,221

87,816

90,521

93,257

95,963

Soybean Meal

 

 

 

 

 

 

 

 

 

 

 

Production

158,031

164,499

169,779

174,390

178,641

183,160

187,389

191,722

196,228

200,737

205,161

Consumption

157,944

163,225

168,838

173,611

177,949

182,507

186,743

191,048

195,513

200,025

204,462

Ending Stocks

5,653

6,311

6,636

6,799

6,875

6,912

6,942

7,000

7,099

7,195

7,278

Trade *

53,360

56,417

59,101

60,768

62,211

63,580

64,812

66,065

67,365

68,649

69,914

Soybean Oil

 

 

 

 

 

 

 

 

 

 

 

Production

37,317

38,954

40,306

41,502

42,617

43,801

44,922

46,076

47,279

48,491

49,690

Consumption

37,180

38,792

40,042

41,175

42,376

43,418

44,576

45,753

46,953

48,163

49,353

Ending Stocks

2,547

2,371

2,297

2,287

2,189

2,234

2,243

2,228

2,216

2,206

2,205

Trade *

8,762

8,503

8,868

9,106

9,553

9,883

10,275

10,665

11,091

11,527

11,988

 

 

 

 

 

 

(Kilograms)

 

 

 

 

 

Per Capita Consumption

5.48

5.65

5.76

5.86

5.96

6.04

6.13

6.23

6.32

6.42

6.51

 

 

 

 

 

 

 

 

 

 

 

 

* Excludes intraregional trade.

224 / World Oilseeds and Products: FAPRI 2009 Agricultural Outlook

U.S. Soybean Sector Supply and Utilization

 

08/09

09/10

10/11

11/12

12/13

13/14

14/15

15/16

16/17

17/18

18/19

Soybeans

 

 

 

 

(Thousand Hectares)

 

 

 

 

Area Harvested

30,207

29,930

30,071

30,379

30,541

30,669

30,657

30,655

30,765

30,894

31,011

 

 

 

 

 

(Metric Tons per Hectare)

 

 

 

 

Yield

2.67

2.81

2.83

2.86

2.88

2.91

2.93

2.96

2.99

3.02

3.04

 

 

 

 

 

(Thousand Metric Tons)

 

 

 

 

Production

80,537

84,071

85,122

86,784

88,024

89,200

89,912

90,746

91,940

93,201

94,304

Beginning Stocks

5,580

5,710

6,422

6,382

6,222

6,135

6,097

6,042

5,988

5,993

6,030

Domestic Supply

86,117

89,781

91,544

93,166

94,247

95,335

96,009

96,789

97,928

99,194

100,334

Crush

46,218

47,039

48,392

49,694

50,855

52,049

53,132

54,269

55,544

56,870

58,154

Seed, Residual

4,488

4,742

4,897

4,936

4,941

4,934

4,935

4,960

5,011

5,074

5,127

Ending Stocks

5,710

6,422

6,382

6,222

6,135

6,097

6,042

5,988

5,993

6,030

6,067

Domestic Use

56,416

58,203

59,671

60,853

61,931

63,079

64,109

65,217

66,548

67,975

69,347

Net Trade

29,701

31,578

31,873

32,314

32,315

32,256

31,900

31,572

31,381

31,219

30,987

Soybean Meal

 

 

 

 

 

 

 

 

 

 

 

Production

36,585

37,235

38,306

39,337

40,256

41,201

42,058

42,959

43,968

45,018

46,034

Beginning Stocks

267

276

270

281

289

292

294

294

293

294

296

Domestic Supply

36,852

37,512

38,577

39,618

40,545

41,493

42,352

43,252

44,261

45,312

46,329

Consumption

29,106

29,653

30,252

30,834

31,290

31,793

32,222

32,688

33,183

33,707

34,151

Ending Stocks

276

270

281

289

292

294

294

293

294

296

297

Domestic Use

29,382

29,923

30,533

31,123

31,582

32,086

32,516

32,981

33,477

34,003

34,448

Net Trade

7,470

7,588

8,044

8,495

8,964

9,407

9,836

10,272

10,783

11,309

11,881

Soybean Oil

 

 

 

 

 

 

 

 

 

 

 

Production

8,837

8,994

9,253

9,502

9,724

9,952

10,159

10,377

10,621

10,874

11,120

Beginning Stocks

1,126

956

771

714

685

682

682

683

666

649

635

Domestic Supply

9,963

9,950

10,024

10,216

10,409

10,634

10,842

11,059

11,286

11,523

11,755

Food Use

6,794

6,818

6,745

6,647

6,666

6,692

6,741

6,786

6,835

6,890

6,951

Biodiesel Use

1,443

1,665

1,934

2,271

2,348

2,294

2,295

2,308

2,317

2,317

2,266

Ending Stocks

956

771

714

685

682

682

683

666

649

635

623

Domestic Use

9,192

9,255

9,392

9,603

9,696

9,669

9,718

9,760

9,801

9,842

9,839

Net Trade

771

695

632

613

714

965

1,124

1,300

1,485

1,681

1,915

 

 

 

 

 

 

 

 

 

 

 

 

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