World Agricultural Supply and Demand Estimates

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World Agricultural Supply

ISSN: 1554-9089
and Demand Estimates
Office of the Agricultural Marketing Service Economic Research Service
Chief Economist Farm Service Agency Foreign Agricultural Service
WASDE - 593 Approved by the World Agricultural Outlook Board October 10, 2019

WHEAT: The outlook for 2019/20 U.S. wheat this month is for smaller supplies, reduced total
use, and rising ending stocks. Wheat production is cut 18.5 million bushels to 1,962 million
based on the NASS Small Grains Summary, issued on September 30. Projected imports are
lowered 15 million bushels to 120 million on a slow pace to date. The NASS Grain Stocks
report raised 2018/19 ending stocks 8 million bushels and estimated first quarter 2019/20
stocks at 2,385 million bushels, down fractionally from the previous year. These stocks imply
first quarter feed and residual use is similar to last year. Annual 2019/20 feed and residual
use is lowered 30 million bushels to 140 million but remain above last year’s revised 89.8
million. Wheat exports are lowered 25 million bushels to 950 million on reduced
competitiveness in international markets. Ending stocks are projected at 1,043 million
bushels, up 29 million from the previous month, and the season-average farm price is
lowered $0.10 per bushel to $4.70.

Global 2019/20 wheat supplies are raised fractionally with decreased production offset by
higher beginning stocks. World production is lowered 0.3 million tons led by a 1.0-million-ton
cut to Australia’s crop on further drought effects. The United States is lowered 0.5 million
tons, and Canada and Serbia are each reduced 0.3 million tons. Partly offsetting are
production increases of 1.0 million tons for the EU and 0.7 million tons for Turkmenistan, both
on updated harvest reports. Projected global exports for 2019/20 are lowered 1.2 million
tons led by a 1.0-million-ton reduction for Australia reflecting their smaller crop. Total imports
are decreased 1.1 million tons with the United States, Turkmenistan, Venezuela, and
Kyrgyzstan accounting for most of the decline. World wheat consumption is reduced 1.1
million tons primarily on a 0.8-million-ton reduction in U.S. feed and residual use. With
supplies rising and use declining, global ending stocks are raised 1.3 million tons to a record
287.8 million.

COARSE GRAINS: This month’s 2019/20 U.S. corn outlook is for slightly lower production,
reduced exports and corn used for ethanol, greater feed and residual use, and lower ending
stocks. Corn production is forecast at 13.779 billion bushels, down 20 million as a decline in
harvested area more than offsets an increased yield forecast. Corn supplies are forecast
down sharply from last month on a reduced crop and lower beginning stocks based on the
September 30 Grain Stocks report. Exports are reduced 150 million bushels reflecting
smaller supplies and U.S. price competitiveness. Corn used for ethanol is down 50 million
bushels based on weekly production data as reported by the Energy Information
Administration during September. Projected feed and residual use is up 125 million bushels
based on indicated disappearance during 2018/19. Corn ending stocks for 2019/20 are
lowered 261 million bushels. The season-average corn price received by producers is raised
20 cents to $3.80 per bushel.
WASDE-593-2

Grain sorghum production is forecast lower from last month, with a 0.4-bushel-per-acre
decline in yield to 73.9 bushels per acre and a reduction in harvested area. Barley and oat
production estimates are updated based on the September 30 Small Grains report.

Global coarse grain production for 2019/20 is forecast virtually unchanged at 1,396.7 million
tons. The 2019/20 foreign coarse grain outlook is for higher production, increased trade, and
higher stocks relative to last month. Foreign corn production is forecast modestly lower as
an increase for Russia is more than offset by declines for Egypt and Syria. The projected
corn yield for Russia is raised based on reported harvest results to date.

Corn exports are raised for Russia, with a more than offsetting decline for the United States.
For 2018/19, corn exports for Brazil are raised for the local marketing year beginning March
2019 based on record large shipments during the month of September. From July to
September Brazil has exported close to 20 million tons of corn, nearly 50 percent above the
previous high for the time period, with large shipments to important U.S. markets such as
Japan, South Korea, Mexico, and Colombia. For 2019/20, corn imports are lowered for
Saudi Arabia, Mexico, Venezuela, Cuba, and Bangladesh. Foreign corn ending stocks are
higher, mostly reflecting increases for Brazil, Canada, and the EU. Global corn stocks, at
302.6 million, are down 3.7 million from last month.

RICE: The outlook for 2019/20 U.S. rice this month is for increased supplies, unchanged
domestic use and exports, and higher ending stocks. Supplies are raised as NASS
increased the all rice production forecast by 1.3 million cwt to 188.6 million, all on a higher
yield. The all rice yield is forecast at 7,616 pounds per acre, up 53 pounds from the previous
forecast. Higher yields for Arkansas, California, and Texas more than offset a lower yield for
Louisiana. Projected 2019/20 all rice ending stocks are raised 1.3 million cwt to 37.1 million,
still down 17 percent from last year. The projected 2019/20 all rice season-average farm
price is reduced $0.20 per cwt to $13.00, compared to $12.00 for 2018/19.

Global 2019/20 rice supplies are raised by 3.6 million tons to 669.6 million, mainly on higher
projected production for India and Egypt. India’s production is raised by 2.0 million tons to
114.0 million, primarily based on the government’s First Advance Estimate of Production.
Egypt’s production increased 1.3 million tons to 4.3 million on greater harvested area than
previously estimated. World 2019/20 consumption is raised by 1.3 million tons to 494.5
million, led by increased expected use in Egypt on higher domestic supplies. Global 2019/20
trade is increased 0.8 million tons to 45.9 million, mainly on higher exports by India with
greater supplies. India is expected to remain the leading global rice exporter for the sixth
consecutive year. Projected world ending stocks are up 2.4 million tons to a record 175.1
million with India and Egypt accounting for most of the increase.

OILSEEDS: U.S. oilseed production for 2019/20 is projected at 107.9 million tons, down 2.3
million from last month with lower soybean, peanut, and cottonseed production partly offset
by higher canola and sunflowerseed. Soybean production is forecast at 3.6 billion bushels,
down 83 million, mainly on lower yields. The soybean yield is projected at 46.9 bushels per
acre, down 1 bushel from the September forecast. Harvested area is reduced slightly to 75.6
million acres. Soybean supplies for 2019/20 are forecast at 4.5 billion bushels down 175
million on lower production and beginning stocks. With a small increase in soybean crush,
ending stocks are projected at 460 million bushels, down 180 million.
WASDE-593-3

The U.S. season-average soybean price for 2019/20 is forecast at $9.00 per bushel, up 50
cents reflecting smaller supplies. The soybean meal price is forecast at $325.00 per short
ton, up $20.00. The soybean oil price forecast is raised 0.5 cents to 30.0 cents per pound.

Global oilseed production for 2019/20 is projected at 574.8 million tons, down 4.6 million from
last month on lower soybean, sunflowerseed, rapeseed, and peanut production. Global
soybean production is projected at 339.0 million tons, down 2.4 million to a 4-year low,
mainly reflecting lower production for the United States. Global rapeseed production is
forecast lower on reductions for Canada, Australia, the EU, and the United States. Canadian
rapeseed production is reduced on lower yield prospects resulting from an unseasonably
heavy snow and a season-ending freeze. Other production changes include lower
sunflowerseed production for Ukraine, lower cottonseed production for Pakistan and Brazil,
and higher cottonseed production for India. With lower global oilseed supplies only partly
offset by reduced crush, global oilseed stocks are projected at 109.8 million tons, down 4.6
million. Soybeans account for most of the change with lower stocks in the United States only
partly offset by increases for Argentina and Brazil.

SUGAR: Beet sugar production for 2019/20 is projected at 5.055 million short tons, raw
value (STRV), up 50,000 on less expected production for September of 2018/19 now
expected to be produced during 2019/20. Beet sugar production for 2018/19 is
correspondingly reduced by 50,000 STRV to 4.907 million.

Raw sugar TRQ imports for the 2018/19 quota year eligible for entry until October 15 are
estimated at 1.141 million STRV, implying a shortfall of 57,088. The amount of this sugar
entered by September 30 was 24,018 STRV less than expected last month; 22,046 STRV of
it is now projected to enter in October. Expected imports of 17,907 STRV corresponding to
calendar year FTA TRQs are shifted from the July-September quarter to the October-
December quarter and into the 2019/20 fiscal year. Re-export imports for 2018/19 are
estimated at 437,682 STRV, up 17,682 over last month. High-tier tariff imports are estimated
at 92,679 STRV, up 2,679 over last month.

Deliveries for human consumption for 2018/19 are decreased by 50,000 STRV to 12.125
million based on a slower-than-expected pace. Corresponding deliveries for 2019/20 are
decreased in line by the same amount. Ending stocks for 2018/19 are estimated at 1.725
million STRV for a stocks-to-use ratio of 14.04 percent. Ending stocks for 2019/20 are
projected at 1.784 million STRV for a stocks-to-use ratio of 14.52 percent.

For 2018/19, Mexico sugar deliveries for human consumption are reduced by 95,977 metric
tons, actual weight (MT) to 4.140 million based on the slow pace through the end of August
reported by CONADESUCA. Deliveries to IMMEX are likewise reduced by 55,000 MT to
425,000. Exports are increased 14,203 MT based on CONADESUCA reporting. Imports,
mainly for IMMEX, are increased by 16,189 MT. Ending stocks are residually estimated at
1.148 million MT of which an estimated 273,168 are required to be exported in 2019/20
before December 31 per provisions administered by the Fideicomiso Maestro para la
Exportación de Excedentes de los Ingenios (FIMAE).

For 2019/20, Mexico sugar production is projected at 6.065 million MT, a reduction of
135,000 based on updated reports of the severity of drought conditions in several producing
areas. Total sweetener deliveries are projected at 5.719 million MT based on the same per
WASDE-593-4

capita sweetener consumption from 2018/19 multiplied by the expected increase in


population. Deliveries of high fructose corn syrup are projected at 1.520 million MT, dry
weight, implying sugar deliveries of 4.199 million MT. Ending stocks are at 963,373 MT, an
amount meant to meet consumption for a 2.5 month period before the start of the next
harvest campaign. Exports are residually projected at 1.695 million MT, an increase of
201,607 over last month. Exports to the United States are unchanged from last month at
956,738 MT.

LIVESTOCK, POULTRY, AND DAIRY: The forecast for 2019 total red meat and poultry
production is raised from last month, as higher broiler production more than offsets slightly
lower beef and turkey production. Pork production is unchanged. Hatchery and slaughter
data supports an increase in broiler production. Beef production is reduced from the
previous month on a slower-than-expected pace of fed cattle slaughter. The turkey forecast
is lowered on a slower pace of third-quarter production. The 2019 egg production forecast is
raised slightly.

For 2020, the total red meat and poultry forecast is raised from the previous month on higher
expected pork and broiler production. Beef production is unchanged for the year, although a
slower pace of placements in third-quarter 2019 is expected to result in lower first-quarter
beef production, but higher second quarter production. Pork production is forecast higher, as
expected growth in pigs per litter points toward increased availability of slaughter hogs in
2020. The broiler production forecast is raised from the previous month on expectations of
continued expansion of broiler flocks. Turkey production forecasts are reduced from the
previous month on higher feed prices. The egg production forecast is raised, largely
reflecting increased hatching egg production.

The 2019 beef import forecast is unchanged, but exports are reduced, reflecting recent trade
data. For 2020, imports are reduced, reflecting tighter supplies from Oceania and strong
demand for beef by competing importers. Exports are raised on firm global demand and
tightness in supplies from Oceania. The 2019 and 2020 pork export forecasts are raised
from the previous month on recent trade data and strong demand U.S. pork products. The
2019 broiler export forecast is lowered, reflecting recent trade data, but no change is made to
the 2020 export forecast. Turkey trade export forecasts are raised.

The cattle price forecast for 2019 is raised on current price strength; this increase in price
strength was carried into early 2020. Hog price forecasts are reduced for 2019 and 2020 on
larger supplies of hogs. The 2019 broiler price forecast is raised on recent price strength but
is reduced for 2020 as broiler meat supplies are raised. The 2019 turkey price forecast is
higher on recent gains in prices, but the 2020 forecast is unchanged. The 2019 egg price
forecast is lowered on current prices, but 2020 egg price forecasts are unchanged.

Milk production forecasts for 2019 are raised on higher cow numbers and stronger growth in
milk per cow. For 2020, expected continued gains in milk per cow supported an increase in
the milk production forecast.

Annual forecasts of imports on both a fat and skims-solids basis are unchanged for 2019
reflecting current trade data, but forecasts for 2020 are lowered as the recently announced
additional tariffs on a number of EU dairy products are expected to result in reduced imports.
Fat basis export forecasts for 2019 and 2020 are reduced from last month on continued
WASDE-593-5

competitive pressure on U.S. cheese exports. The 2019 skim-solids basis export forecast is
lowered on weaker expected exports of cheese and skim and nonfat dry milk (SMP/NDM).
However, increased strength in SMP/NDM sales in 2020 due to strong global demand is
expected to more than offset continued weakness in cheese exports. The 2020 skim-solids
basis export forecast is raised.

For 2019, cheese and NDM prices are raised from the previous month, but price forecasts for
butter and whey are reduced. The Class III price is raised from last month as the higher
cheese price more than offsets the lower whey price; the Class IV price is raised as the
higher NDM price more than offsets the lower butter price. For 2020, cheese and NDM
prices are raised from the previous month, but the price forecast for butter is reduced. The
whey price is unchanged. As a result, the Class III price forecast is higher, but the Class IV
price is lowered, as the higher NDM price is more than offset by the lower butter price. The
2019 all milk price is forecast higher at $18.40; for 2020 the price is unchanged at $18.85 per
cwt.

COTTON: The 2019/20 U.S. cotton supply and demand estimates show slightly lower
production and ending stocks compared with last month. Production is lowered less than 1
percent, to 21.7 million bales, largely the result of a reduction in Texas. Domestic mill use
and exports are unchanged from last month, and ending stocks are reduced 200,000 bales.
At 7.0 million bales, U.S. ending stocks in 2019/20 are projected at 36 percent of use,
compared with 27 percent in 2018/19. The 2019/20 season-average price for upland cotton
is forecast at 58 cents per pound, unchanged from last month and 12.5 cents lower than in
2018/19.

The 2019/20 global cotton supply and demand forecasts show little overall change from last
month. World production is 130,000 bales lower as declines for Brazil, Pakistan, Australia,
and the United States more than offset a 1-million-bale increase in India. Global
consumption is 130,000 bales lower than September’s forecast and the projection for world
trade in 2019/20 is reduced 300,000 bales. Lower expected imports for China and Vietnam
more than offset increases for Pakistan and Turkey. Exports for Australia and Brazil are also
lower. World ending stocks in 2019/20 are now forecast at 83.7 million bales, virtually
unchanged from the September forecast but 3.0 million bales higher than in 2018/19.

Approved by the Secretary of Agriculture and the Acting-Chairman of the World Agricultural Outlook
Board, Mark Jekanowski, (202) 720-6030. This report was prepared by the Interagency Commodity
Estimates Committees.

APPROVED BY:

ROBERT JOHANSSON
SECRETARY OF AGRICULTURE DESIGNATE
WASDE-593-6

INTERAGENCY COMMODITY ESTIMATES COMMITTEES

Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and
Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity
Estimates Committees (ICECs) that prepare the monthly report.

Wheat: William Chambers, ICEC Chair, WAOB, [email protected]


Jennifer Bond, ERS; Andrew Sowell, FAS; Pete Riley, FPAC.

Rice: William Chambers, ICEC Chair, WAOB, [email protected]


Nathan Childs, ERS; Nicole Podesta, FAS; Vidalina Abadam, FPAC.

Feed Grains: Michael Jewison, ICEC Chair, WAOB, [email protected]


Tom Capehart, ERS; Yoonhee Macke, FAS; Sharon Raszap, FPAC.

Oilseeds: Keith Menzie, ICEC Chair, WAOB, [email protected]


Mark Ash, ERS; Bill George, FAS; Sherrie Grimm, FPAC.

Cotton: Stephen MacDonald, ICEC Chair, WAOB, [email protected]


Leslie Meyer, ERS; James Johnson, FAS; Erik Dohlman, FPAC.

Sugar: Stephen Haley, ICEC Chair, WAOB, [email protected]


Michael McConnell, ERS; Ron Lord, FAS; Barbara Fecso, FPAC.

Meat Animals: Shayle Shagam, ICEC Chair, WAOB, [email protected]


Sherry Wise, AMS; Mildred Haley, ERS; Lindsay Kuberka, FAS; Ryan Pfirrmann-Powell,
FPAC.

Poultry: Shayle Shagam, ICEC Chair, WAOB, [email protected]


Peyton Ferrier, AMS; Kim Ha, ERS; Claire Mezoughem, FAS; Ryan Pfirrmann-Powell,
FPAC.

Dairy: Shayle Shagam, ICEC Chair, WAOB, [email protected]


Carolyn Liebrand, AMS; Jerry Cessna, ERS; Paul Kiendl, FAS; Ryan Pfirrmann-Powell,
FPAC.

In 2019, the WASDE report will be released on Nov 8, and Dec 10


In 2020, the WASDE report will be released on Jan 10, Feb 11, Mar 10,
Apr 9, May 12, June 11,July 10, Aug 12, Sep 11, Oct 9, Nov 10, and Dec 10
WASDE-593-7

T A B L E OF C O N T E N T S

Page
Highlights ................................................................................................................. 1
Interagency Commodity Estimates Committees ...................................................... 6
World & U.S. Supply & Use for Grains .................................................................... 8
World & U.S. Supply & Use for Cotton .................................................................... 9
World & U.S. Supply & Use for Oilseeds ............................................................... 10
U.S. Wheat Supply & Use ...................................................................................... 11
U.S. Wheat Supply & Use by Class ....................................................................... 11
U.S. Feed Grain & Corn Supply & Use .................................................................. 12
U.S. Sorghum, Barley & Oats Supply & Use ......................................................... 13
U.S. Rice Supply & Use ......................................................................................... 14
U.S. Soybeans & Products Supply & Use ............................................................. 15
U.S. Sugar Supply & Use ...................................................................................... 16
Mexico Sugar Supply and Use .............................................................................. 16
U.S. Cotton Supply & Use ..................................................................................... 17
World Wheat Supply & Use ................................................................................... 18
World Coarse Grains Supply & Use ...................................................................... 20
World Corn Supply & Use ...................................................................................... 22
World Rice Supply & Use ...................................................................................... 24
World Cotton Supply & Use ................................................................................... 26
World Soybean Supply & Use ............................................................................... 28
World Soybean Meal Supply & Use ....................................................................... 29
World Soybean Oil Supply & Use .......................................................................... 30
U.S. Quarterly Animal Product Production ............................................................ 31
U.S. Quarterly Prices for Animal Products............................................................. 31
U.S. Meats Supply and Use ................................................................................... 32
U.S. Egg Supply & Use.......................................................................................... 33
U.S. Milk Supply and Use ...................................................................................... 33
U.S. Dairy Prices ................................................................................................... 34
Reliability Tables ................................................................................................... 35
Related USDA Reports .......................................................................................... 38
Metric Conversion Factors ..................................................................................... 38
Electronic Access and Subscriptions ...................................................................... 40
October 2019
WASDE - 593 - 8

World and U.S Supply and Use for Grains 1/


Million Metric Tons
Total Total Ending
World Output Trade 2/
Supply Use 3/ Stocks

Total Grains 4/ 2017/18 2616.04 3413.58 413.91 2596.96 816.62


2018/19 (Est.) 2625.52 3442.13 427.53 2641.75 800.38
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2019/20 (Proj.) Sep 2656.19 3461.16 430.59 2665.77 795.40


2019/20 (Proj.) Oct 2659.68 3460.07 426.56 2663.17 796.90
filler filler filler filler filler

Wheat 2017/18 762.31 1025.37 181.90 741.78 283.60


2018/19 (Est.) 730.50 1014.09 173.16 736.41 277.68
filler filler filler filler filler

2019/20 (Proj.) Sep 765.53 1042.77 180.83 756.26 286.51


2019/20 (Proj.) Oct 765.23 1042.91 179.68 755.11 287.80
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Coarse Grains 5/ 2017/18 1358.87 1743.63 184.88 1372.95 370.68


2018/19 (Est.) 1396.07 1766.75 209.09 1415.90 350.85
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2019/20 (Proj.) Sep 1396.44 1752.38 204.64 1416.22 336.16


2019/20 (Proj.) Oct 1396.68 1747.53 201.01 1413.52 334.01
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Rice, milled 2017/18 494.86 644.58 47.13 482.24 162.34


2018/19 (Est.) 498.95 661.29 45.28 489.44 171.85
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2019/20 (Proj.) Sep 494.22 666.02 45.12 493.29 172.73


2019/20 (Proj.) Oct 497.77 669.62 45.88 494.54 175.09
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Total Total Ending


United States
Output Supply Trade 2/ Use 3/ Stocks

Total Grains 4/ 2017/18 437.43 541.29 94.57 357.95 88.76


2018/19 (Est.) 438.36 534.34 83.39 362.37 88.58
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2019/20 (Proj.) Sep 424.14 528.81 84.26 356.44 88.11


2019/20 (Proj.) Oct 423.03 519.25 79.77 356.92 82.56
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Wheat 2017/18 47.38 83.81 24.66 29.25 29.91


2018/19 (Est.) 51.31 84.89 25.48 30.02 29.39
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2019/20 (Proj.) Sep 53.89 86.74 26.54 32.60 27.60


2019/20 (Proj.) Oct 53.39 86.04 25.86 31.79 28.40
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Coarse Grains 5/ 2017/18 384.39 449.48 67.16 324.41 57.92


2018/19 (Est.) 379.93 440.49 54.94 327.77 57.77
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2019/20 (Proj.) Sep 364.30 433.76 54.71 319.67 59.37


2019/20 (Proj.) Oct 363.65 424.85 50.90 320.97 52.98
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Rice, milled 2017/18 5.66 8.00 2.76 4.30 0.93


2018/19 (Est.) 7.12 8.97 2.97 4.58 1.42
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2019/20 (Proj.) Sep 5.95 8.31 3.02 4.16 1.14


2019/20 (Proj.) Oct 5.99 8.35 3.02 4.16 1.18
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1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of
export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports).
4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes
millet and mixed grains).
October 2019
WASDE - 593 - 9

World and U.S. Supply and Use for Grains, Continued 1/


Million Metric Tons
Total Total Ending
Foreign 3/
Output Supply Trade 2/ Use Stocks

Total Grains 4/ 2017/18 2,178.62 2,872.29 319.34 2,239.01 727.86


2018/19 (Est.) 2,187.16 2,907.79 344.14 2,279.38 711.81
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2019/20 (Proj.) Sep 2,232.05 2,932.35 346.33 2,309.33 707.28


2019/20 (Proj.) Oct 2,236.65 2,940.82 346.78 2,306.25 714.34
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Wheat 2017/18 714.93 941.56 157.25 712.53 253.69


2018/19 (Est.) 679.19 929.20 147.68 706.38 248.30
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2019/20 (Proj.) Sep 711.64 956.02 154.30 723.65 258.91


2019/20 (Proj.) Oct 711.84 956.87 153.82 723.32 259.40
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Coarse Grains 5/ 2017/18 974.49 1,294.15 117.72 1,048.54 312.76


2018/19 (Est.) 1,016.14 1,326.27 154.15 1,088.13 293.08
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2019/20 (Proj.) Sep 1,032.15 1,318.62 149.93 1,096.55 276.79


2019/20 (Proj.) Oct 1,033.03 1,322.68 150.10 1,092.55 281.03
filler filler filler filler filler

Rice, milled 2017/18 489.20 636.58 44.37 477.94 161.41


2018/19 (Est.) 491.83 652.32 42.31 484.86 170.43
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2019/20 (Proj.) Sep 488.27 657.71 42.10 489.13 171.59


2019/20 (Proj.) Oct 491.78 661.27 42.86 490.38 173.91
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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
Output Supply Trade 2/ Use 3/ Stocks

World 2017/18 123.78 204.07 41.41 122.77 80.93


2018/19 (Est.) 119.01 199.94 41.23 120.23 80.73
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2019/20 (Proj.) Sep 124.90 205.70 43.34 121.74 83.75


2019/20 (Proj.) Oct 124.77 205.50 42.91 121.61 83.69
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United States 2017/18 20.92 23.68 16.28 3.23 4.20


2018/19 (Est.) 18.37 22.57 14.76 2.98 4.85
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2019/20 (Proj.) Sep 21.86 26.72 16.50 3.00 7.20


2019/20 (Proj.) Oct 21.71 26.56 16.50 3.00 7.00
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Foreign 4/ 2017/18 102.86 180.40 25.13 119.54 76.73


2018/19 (Est.) 100.65 177.37 26.47 117.25 75.88
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2019/20 (Proj.) Sep 103.04 178.98 26.84 118.74 76.55


2019/20 (Proj.) Oct 103.07 178.94 26.41 118.61 76.69
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1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to
world minus United States. See global cotton tables for treatment of export/import imbalances.
October 2019
WASDE - 593 - 10

World and U.S. Supply and Use for Oilseeds 1/


(Million Metric Tons)
Total Total Ending
World
Output Supply Trade Use 2/ Stocks

Oilseeds 2017/18 580.78 690.45 176.30 484.06 116.31


2018/19 (Est.) 597.41 713.72 170.66 490.98 128.18
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2019/20 (Proj.) Sep 579.48 710.08 172.54 500.60 114.35


2019/20 (Proj.) Oct 574.85 703.02 172.38 498.21 109.75
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Oilmeals 2017/18 331.66 348.33 89.03 328.60 15.59


2018/19 (Est.) 334.69 350.28 93.06 331.95 14.72
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2019/20 (Proj.) Sep 341.09 356.04 94.61 338.71 14.94


2019/20 (Proj.) Oct 340.32 355.04 94.21 338.20 14.27
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Vegetable Oils 2017/18 198.61 219.18 79.68 192.35 22.12


2018/19 (Est.) 203.69 225.81 86.11 200.39 21.28
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2019/20 (Proj.) Sep 208.02 229.77 87.89 204.88 20.78


2019/20 (Proj.) Oct 207.50 228.78 88.61 205.21 19.66
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United States Output


Total
Supply Trade
Total
/Us e 2
Ending
Stocks

Oilseeds 2017/18 131.48 142.50 59.31 60.17 13.83


2018/19 (Est.) 130.72 145.65 48.70 61.03 26.66
filler filler filler filler filler

2019/20 (Proj.) Sep 110.18 140.77 49.53 62.18 19.18


2019/20 (Proj.) Oct 107.93 135.94 49.53 62.32 14.19
filler filler filler filler filler

Oilmeals 2017/18 47.03 51.17 13.00 37.61 0.56


2018/19 (Est.) 46.71 51.24 12.62 38.15 0.47
filler filler filler filler filler

2019/20 (Proj.) Sep 47.63 51.93 12.74 38.77 0.42


2019/20 (Proj.) Oct 47.77 52.07 12.74 38.91 0.42
filler filler filler filler filler

Vegetable Oils 2017/18 12.11 18.12 1.34 15.54 1.24


2018/19 (Est.) 12.25 18.20 1.14 15.94 1.12
filler filler filler filler filler

2019/20 (Proj.) Sep 12.55 18.55 1.02 16.47 1.05


2019/20 (Proj.) Oct 12.58 18.54 1.02 16.46 1.05
filler filler filler filler filler

Foreign 3/ Output
Total
Supply Trade
Total
Us e 2/
Ending
Stocks

Oilseeds 2017/18 449.30 547.95 116.99 423.89 102.48


2018/19 (Est.) 466.70 568.07 121.96 429.96 101.52
filler filler filler filler filler

2019/20 (Proj.) Sep 469.30 569.31 123.00 438.42 95.17


2019/20 (Proj.) Oct 466.92 567.08 122.84 435.89 95.56
filler filler filler filler filler

Oilmeals 2017/18 284.64 297.15 76.03 291.00 15.02


2018/19 (Est.) 287.98 299.04 80.44 293.80 14.25
filler filler filler filler filler

2019/20 (Proj.) Sep 293.46 304.12 81.87 299.94 14.52


2019/20 (Proj.) Oct 292.56 302.97 81.48 299.29 13.84
filler filler filler filler filler

Vegetable Oils 2017/18 186.51 201.05 78.34 176.81 20.88


2018/19 (Est.) 191.45 207.61 84.97 184.45 20.16
filler filler filler filler filler

2019/20 (Proj.) Sep 195.46 211.23 86.86 188.41 19.73


2019/20 (Proj.) Oct 194.92 210.24 87.59 188.75 18.61
filler filler filler filler filler

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.
October 2019
WASDE - 593 - 11

U.S. Wheat Supply and Use 1/

2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj.


Sep Oct
Million Acres
Area Planted 46.1 47.8 45.6 45.2
Area Harvested 37.6 39.6 38.4 38.1
Bushels
Yield per Harvested Acre 46.4 47.6 51.6 51.6
Million Bushels
Beginning Stocks 1,181 1,099 1,072 1,080
Production 1,741 1,885 1,980 1,962
Imports 158 135 135 120
Supply, Total 3,080 3,119 3,187 3,161
Food 964 955 960 960
Seed 63 59 68 68
Feed and Residual 47 90 170 140
Domestic, Total 1,075 1,103 1,198 1,168
Exports 906 936 975 950
Use, Total 1,981 2,039 2,173 2,118
Ending Stocks 1,099 1,080 1,014 1,043
Avg. Farm Price ($/bu) 2/ 4.72 5.16 4.80 4.70

U.S. Wheat by Class: Supply and Use


Hard Red Hard Red Soft Red
Year beginning June 1
Winter Spring Winter White Durum Total
Million Bushels
2018/19 (Est.) Beginning Stocks 581 191 205 87 35 1,099
Production 662 587 286 272 78 1,885
Supply, Total 3/ 1,248 846 495 365 165 3,119
Domestic Use 401 324 209 81 88 1,103
Exports 331 259 128 196 22 936
Use, Total 732 583 337 277 110 2,039
Ending Stocks, Total 516 263 158 88 55 1,080

2019/20 (Proj.) Beginning Stocks 516 263 158 88 55 1,080


Production 833 559 239 273 58 1,962
Supply, Total 3/ 1,354 877 402 366 163 3,161
Domestic Use 483 314 192 91 88 1,168
Exports 380 255 100 190 25 950
Use, Total 863 569 292 281 113 2,118
Ending Stocks, Total Oct 491 308 110 85 49 1,043
Ending Stocks, Total Sep 462 317 113 67 54 1,014

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.
October 2019
WASDE - 593 - 12

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

2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj.


FEED GRAINS
Sep Oct
Million Acres
Area Planted 100.9 100.1 100.7 100.7
Area Harvested 90.5 89.6 90.0 89.6
Metric Tons
Yield per Harvested Acre 4.24 4.24 4.05 4.06
Million Metric Tons
Beginning Stocks 62.1 57.9 65.9 57.8
Production 384.1 379.7 364.1 363.4
Imports 2.7 2.3 3.2 3.1
Supply, Total 449.0 440.0 433.2 424.3
Feed and Residual 138.6 147.6 137.4 140.3
Food, Seed & Industrial 185.3 179.7 181.8 180.1
Domestic, Total 323.9 327.3 319.1 320.4
Exports 67.2 54.9 54.7 50.9
Use, Total 391.1 382.2 373.9 371.3
Ending Stocks 57.9 57.8 59.4 53.0
2017/18 2018/19 Es t. 2019/20 Pro j. 2019/20 Pro j.

CORN
September October

Million Acres
Area Planted 90.2 89.1 90.0 89.9
Area Harvested 82.7 81.7 82.0 81.8
Bushels
Yield per Harvested Acre 176.6 176.4 168.2 168.4
Million Bushels
Beginning Stocks 2,293 2,140 2,445 2,114
Production 14,609 14,420 13,799 13,779
Imports 36 28 50 50
Supply, Total 16,939 16,588 16,295 15,944
Feed and Residual 5,304 5,618 5,175 5,300
Food, Seed & Industrial 2/ 7,057 6,791 6,880 6,815
Ethanol & by-products 3/ 5,605 5,376 5,450 5,400
Domestic, Total 12,361 12,409 12,055 12,115
Exports 2,438 2,065 2,050 1,900
Use, Total 14,798 14,474 14,105 14,015
Ending Stocks 2,140 2,114 2,190 1,929
Avg. Farm Price ($/bu) 4/ 3.36 3.61 3.60 3.80

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 breakout of FSI corn uses, see Feed Outlook table 5 or access the data on the Web through the
Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants to
produce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketing-
year weighted average price received by farmers.
October 2019
WASDE - 593 - 13

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

2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj.


SORGHUM
Sep Oct
Million Bushels
Filler Filler Filler Filler Filler

Area Planted (mil. acres) 5.6 5.7 5.3 5.3


Area Harvested (mil. acres) 5.0 5.1 4.7 4.7
Yield (bushels/acre) 71.7 72.1 74.3 73.9
Beginning Stocks 33 35 55 64
Production 362 365 352 349
Imports 2 0 0 0
Supply, Total 397 400 406 412
Feed and Residual 102 138 160 160
Food, Seed & Industrial 60 106 100 100
Total Domestic 162 244 260 260
Exports 200 93 100 100
Use, Total 362 336 360 360
Ending Stocks 35 64 46 52
Avg. Farm Price ($/bu) 2/ 3.22 3.25 3.30 3.40
Filler Filler Filler Filler Filler

2017/18 2018/19 Es t. 2019/20 Pro j. 2019/20 Pro j.

BARLEY
September October

Filler Filler Filler Filler Filler

Area Planted (mil. acres) 2.5 2.5 2.9 2.7


Area Harvested (mil. acres) 2.0 2.0 2.3 2.2
Yield (bushels/acre) 73.0 77.5 73.9 77.4
Beginning Stocks 106 94 87 87
Production 143 154 172 171
Imports 9 6 10 10
Supply, Total 259 254 269 268
Feed and Residual 2 8 20 15
Food, Seed & Industrial 157 155 153 153
Total Domestic 159 162 173 168
Exports 5 5 3 3
Use, Total 164 167 176 171
Ending Stocks 94 87 93 97
Avg. Farm Price ($/bu) 2/ 4.47 4.62 4.65 4.65
Filler Filler Filler Filler Filler

2017/18 2018/19 Es t. 2019/20 Pro j. 2019/20 Pro j.

OATS
September October

Filler Filler Filler Filler Filler

Area Planted (mil. acres) 2.6 2.7 2.5 2.8


Area Harvested (mil. acres) 0.8 0.9 0.9 0.8
Yield (bushels/acre) 61.7 64.9 66.4 64.4
Beginning Stocks 50 41 37 38
Production 50 56 60 54
Imports 89 87 100 95
Supply, Total 189 184 197 187
Feed and Residual 68 66 80 70
Food, Seed & Industrial 77 78 78 78
Total Domestic 146 144 158 148
Exports 2 2 2 2
Use, Total 148 146 160 150
Ending Stocks 41 38 37 37
Avg. Farm Price ($/bu) 2/ 2.59 2.66 2.95 2.95
Filler Filler Filler Filler Filler

Note: 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.
October 2019
WASDE - 593 - 14

U.S. Rice Supply and Use 1/


(Rough Equivalent of Rough and Milled Rice)
2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj.
TOTAL RICE
Sep Oct
Million Acres
Area Planted 2.46 2.95 2.54 2.54
Area Harvested
Filler
2.37 2.92 2.48 2.48
Pounds
Yield per Harvested Acre 7,507 7,692 7,563 7,616
Million Hundredweight
Beginning Stocks 2/ 46.0 29.4 44.9 44.9
Production 178.2 224.2 187.3 188.6
Imports 27.5 29.0 29.6 29.6
Supply, Total 251.8 282.6 261.8 263.1
Domestic & Residual 3/ 135.4 144.1 131.0 131.0
Exports, Total 4/ 87.1 93.6 95.0 95.0
Rough 28.8 33.0 33.0 33.0
Milled (rough equiv.) 58.2 60.6 62.0 62.0
Use, Total 222.4 237.7 226.0 226.0
Ending Stocks 29.4 44.9 35.8 37.1
Avg. Milling Yield (%) 5/ 70.00 70.00 70.00 70.00
Avg. Farm Price ($/cwt) 6/
Total
12.90 12.00 13.20 13.00
2017/18 2018/19 Es t. 2019/20 Pro j. 2019/20 Pro j.

LONG-GRAIN RICE
September October

Harvested Acres (mil.) 1.75 2.18


Yield (pounds/acre) 7,314 7,517
Beginning Stocks 31.0 20.3 32.6 32.6
Production 127.9 164.0 126.7 127.5
Supply, Total 7/ 182.2 207.7 183.3 184.1
Domestic & Residual 3/ 98.6 109.4 98.0 98.0
Exports 8/ 63.2 65.7 66.0 66.0
Use, Total 161.9 175.1 164.0 164.0
Ending Stocks 20.3 32.6 19.3 20.1
Filler
Avg. Farm Price ($/cwt) 6/ 11.50 Filler
10.80 Filler
12.00 Filler
11.80 Filler

2017/18 2018/19 Es t. 2019/20 Pro j. 2019/20 Pro j.

MEDIUM & SHORT-GRAIN RICE


September October

Harvested Acres (mil.) 0.63 0.73


Yield (pounds/acre) 8,048 8,209
Beginning Stocks 11.5 7.6 10.2 10.2
Production 50.4 60.3 60.7 61.1
Supply, Total 7/ 68.2 72.8 76.5 76.9
Domestic & Residual 3/ 36.7 34.8 33.0 33.0
Exports 8/ 23.8 27.8 29.0 29.0
Use, Total 60.6 62.6 62.0 62.0
Ending Stocks 7.6 10.2 14.5 14.9
Avg. Farm Price ($/cwt) 1/ 6/ 9/ 17.00 16.30 16.60 16.50
California 10/ 20.10 18.00 18.50 18.50
Filler
Other States 1/ 11.70 Filler
12.30 Filler
12.50 Filler
12.30 Filler

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 ending stocks by type (in mil. cwt): 2015/16-2.9; 2016/17-3.5; 2017/18-3.5. 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. 9/ The medium/short-grain season-average- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is
not final until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may
differ. For example, the average difference between the preliminary California SAFP forecast and the final price has averaged $0.98 per cwt from 2014/15-2017/18,
with a high of $3.50 per cwt in 2017/18 and a low of -$0.20 per cwt in 2015/16. 10/ Marketing year beginning October 1.
October 2019
WASDE - 593 - 15

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

2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj.


SOYBEANS
Sep Oct
Filler Filler Filler Filler Filler

Million Acres
Area Planted 90.2 89.2 76.7 76.5
Area Harvested 89.5 87.6 75.9 75.6
Filler

Bushels
Yield per Harvested Acre 49.3 50.6 47.9 46.9
Million Bushels
Beginning Stocks 302 438 1,005 913
Production 4,412 4,428 3,633 3,550
Imports 22 14 20 20
Supply, Total 4,735 4,880 4,658 4,483
Crushings 2,055 2,092 2,115 2,120
Exports 2,134 1,748 1,775 1,775
Seed 104 89 96 96
Residual 5 39 32 32
Use, Total 4,297 3,967 4,018 4,023
Ending Stocks 438 913 640 460
Avg. Farm Price ($/bu) 2/ 9.33 8.48 8.50 9.00
Total

2017/18 2018/19 Es t. 2019/20 Pro j. 2019/20 Pro j.

SOYBEAN OIL
September October

Filler Filler Filler Filler Filler

Million Pounds
Beginning Stocks 1,711 1,995 1,725 1,710
Production 4/ 23,772 24,290 24,535 24,590
Imports 335 400 450 450
Supply, Total 25,819 26,685 26,710 26,750
Domestic Disappearance 21,380 22,950 23,500 23,500
Biodiesel 3/ 7,134 8,000 8,600 8,500
Food, Feed & other Industrial 14,247 14,950 14,900 15,000
Exports 2,443 2,025 1,725 1,725
Use, Total 23,823 24,975 25,225 25,225
Ending stocks 1,995 1,710 1,485 1,525
Avg. Price (c/lb) 2/ 30.04 28.26 29.50 30.00
Total

2017/18 2018/19 Es t. 2019/20 Pro j. 2019/20 Pro j.

SOYBEAN MEAL
September October

Filler 1 2 3 4

Thousand Short Tons


Beginning Stocks 401 555 450 450
Production 4/ 49,226 48,995 49,650 49,800
Imports 483 700 500 500
Supply, Total 50,109 50,250 50,600 50,750
Domestic Disappearance 35,537 36,200 36,500 36,650
Exports 14,016 13,600 13,700 13,700
Use, Total 49,554 49,800 50,200 50,350
Ending Stocks 555 450 400 400
Avg. Price ($/s.t.) 2/ 345.02 308.28 305.00 325.00
Total

Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for
soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers;
oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects only biodiesel made
from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,092 million bushels
for 2018/19 and 2,120 million bushels for 2019/20.
October 2019
WASDE - 593 - 16

U.S. Sugar Supply and Use 1/

2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj.


Sep Oct
Filler Filler Filler Filler Filler

1,000 Short Tons,Raw Value


Beginning Stocks 1,876 2,008 1,747 1,725
Production 2/ 9,293 8,935 9,134 9,184
Beet Sugar 5,279 4,907 5,005 5,055
Cane Sugar 4,014 4,028 4,129 4,129
Florida 1,983 2,005 2,096 2,096
Hawaii 0 0 0 0
Louisiana 1,862 1,875 1,900 1,900
Texas 169 147 134 134
Imports 3,277 3,067 3,125 3,165
TRQ 3/ 1,663 1,540 1,587 1,627
Other Program 4/ 326 438 350 350
Other 5/ 1,287 1,089 1,188 1,188
Mexico 1,223 997 1,118 1,118
Total Supply 14,445 14,010 14,006 14,074

Exports 170 35 35 35
Deliveries 12,185 12,250 12,305 12,255
Food 12,048 12,125 12,200 12,150
Other 6/ 137 125 105 105
Miscellaneous 82 0 0 0
Total Use 12,438 12,285 12,340 12,290
Ending Stocks 2,008 1,725 1,666 1,784
Stocks to Use Ratio 16.1 14.0 13.5 14.5
Total

1/ Fiscal years beginning Oct 1. Data and projections correspond to category components from "Sweetener Market Data"
(SMD). 2/ Production projections for 2018/19 and 2019/20 are based on Crop Production and processor projections where
appropriate. 3/ For 2018/19, WTO raw sugar TRQ shortfall (57) and for 2019/20 (99). 4/ Composed of sugar under the re-
export and polyhydric alcohol programs. 5/ Imports from Mexico; and high-tier tariff sugar and syrups not otherwise
specified -- for 2018/19 (93) and 2019/20 (70). 6/ Transfers accompanying deliveries for sugar-containing products to be
exported (SCP) and polyhydric alcohol manufacture (POLY), and deliveries for livestock feed and ethanol. Total refiner
license transfers for SCP and POLY inclusive of WASDE-reported deliveries: 2017/18 -- 278; estimated 2018/19 -- 324;
projected 2019/20 -- 340.

Mexico Sugar Supply and Use and High Fructose Corn Syrup Consumption 1/
Beginning Ending
Stocks Production Imports Domestic 2/ Exports Stocks

Sugar 1,000 Metric Tons, Actual Weight


2018/19 Est. Sep 1,395 6,426 70 4,716 2,179 995
2018/19 Est. Oct 1,395 6,426 86 4,565 2,194 1,148

2019/20 Proj. Sep 995 6,200 70 4,776 1,494 995


2019/20 Proj. Oct 1,148 6,065 70 4,624 1,695 963

1/ HFCS consumption by Mexico (1,000 metric tons, dry basis): 2017/18 = 1,593; Estimated Oct-Aug 2018 = 1,461;
Projected 2018/19 = 1,520; Estimated Oct-Aug 2019 = 1,401; Projected 2019/20 = 1,520. Footnote source for estimate:
Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes deliveries for consumption, Mexico's
products export program (IMMEX), and Other Deliveries/Ending Year Statistical Adjustments. IMMEX: 2018/19 (425
est); 2019/20 (425 proj). Other Deliveries/Ending Year Statistical Adjustments: 2018/19 (0), 2019/20 (0).
October 2019
WASDE - 593 - 17

U.S. Cotton Supply and Use 1/

2017/18 2018/19 Est. 2019/20 Proj. 2019/20 Proj.


Sep Oct
Filler Filler Filler Filler Filler

Area Million Acres


Planted 12.72 14.10 13.76 13.76
Harvested 11.10 10.21 12.51 12.51
Filler

Pounds
Yield per Harvested Acre 905 864 839 833
Million 480 Pound Bales
Beginning Stocks 2.75 4.20 4.85 4.85
Production 20.92 18.37 21.86 21.71
Imports 0.00 0.00 0.01 0.01
Supply, Total 23.68 22.57 26.72 26.56
Domestic Use 3.23 2.98 3.00 3.00
Exports, Total 16.28 14.76 16.50 16.50
Use, Total 19.50 17.74 19.50 19.50
Unaccounted 2/ -0.03 -0.02 0.02 0.06
Ending Stocks 4.20 4.85 7.20 7.00
Avg. Farm Price 3/ 68.6 70.5 58.0 58.0
Total

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/ Reflects the difference between the previous season's supply less total use and ending
stocks. 3/ Cents per pound for upland cotton.
October 2019
WASDE - 593 - 18

World Wheat Supply and Use 1/


(Million Metric Tons)
Beginning Domestic Domestic Ending
2017/18 Stocks Production Imports Feed Total 2/ Exports Stocks
World 3/ 263.06 762.31 179.99 146.50 741.78 181.90 283.60
World Less China 148.13 627.98 176.05 129.00 620.78 180.90 152.40
United States 32.13 47.38 4.30 1.29 29.25 24.66 29.91
Total Foreign 230.93 714.93 175.69 145.22 712.53 157.25 253.69
Major Exporters 4/ 36.22 333.09 6.96 89.73 205.50 131.17 39.61
Argentina 0.25 18.50 0.01 0.05 5.55 12.73 0.47
Australia 5.73 20.94 0.16 4.00 7.48 13.85 5.51
Canada 6.93 30.38 0.45 4.38 9.28 22.00 6.48
European Union 5/ 10.72 151.13 5.82 58.00 130.40 23.38 13.89
Russia 10.82 85.17 0.47 20.00 43.00 41.43 12.03
Ukraine 1.77 26.98 0.06 3.30 9.80 17.78 1.24
Major Importers 6/ 160.64 202.93 115.65 37.70 289.75 12.35 177.11
Bangladesh 1.76 1.15 6.15 0.25 7.05 0.00 2.02
Brazil 2.26 4.26 7.02 0.50 12.00 0.23 1.31
China 114.93 134.33 3.94 17.50 121.00 1.00 131.20
Japan 1.21 0.97 5.88 0.75 6.60 0.28 1.18
N. Africa 7/ 14.28 19.25 27.45 2.25 45.23 0.88 14.87
Nigeria 0.20 0.07 5.16 0.05 4.83 0.40 0.20
Sel. Mideast 8/ 16.71 18.36 18.44 4.10 37.92 0.83 14.76
Southeast Asia 9/ 5.68 0.00 26.06 8.99 25.44 1.11 5.19
Selected Other
India 9.91 98.51 1.17 5.00 95.68 0.57 13.34
Kazakhstan 3.69 14.80 0.10 2.10 6.90 8.52 3.18
Beginning Domestic Domestic Ending
2018/19 Est. Stocks Production Imports Feed Total 2/ Exports Stocks
World 3/ 283.60 730.50 169.26 139.73 736.41 173.16 277.68
World Less China 152.40 599.07 166.12 119.73 611.41 172.15 137.92
United States 29.91 51.31 3.67 2.44 30.02 25.48 29.39
Total Foreign 253.69 679.19 165.59 137.29 706.38 147.68 248.30
Major Exporters 4/ 39.61 302.60 7.15 82.19 196.39 120.43 32.54
Argentina 0.47 19.50 0.01 0.05 5.85 12.30 1.83
Australia 5.51 17.30 0.36 5.70 9.20 9.00 4.97
Canada 6.48 32.20 0.48 3.94 8.84 24.41 5.92
European Union 5/ 13.89 136.86 5.76 52.00 123.20 23.31 10.00
Russia 12.03 71.69 0.43 18.00 40.50 35.40 8.25
Ukraine 1.24 25.06 0.11 2.50 8.80 16.02 1.59
Major Importers 6/ 177.11 199.70 110.53 38.44 293.64 12.29 181.41
Bangladesh 2.02 1.00 4.72 0.28 7.08 0.00 0.66
Brazil 1.31 5.43 7.02 0.50 12.10 0.60 1.06
China 131.20 131.43 3.15 20.00 125.00 1.01 139.77
Japan 1.18 0.88 5.73 0.68 6.53 0.29 0.97
N. Africa 7/ 14.87 21.00 26.93 2.25 46.15 1.19 15.45
Nigeria 0.20 0.06 4.59 0.05 4.25 0.40 0.20
Sel. Mideast 8/ 14.76 17.88 17.11 3.55 37.85 0.54 11.36
Southeast Asia 9/ 5.19 0.00 26.16 8.14 25.34 1.10 4.92
Selected Other
India 13.34 99.87 0.02 5.00 95.63 0.50 17.11
Kazakhstan 3.18 13.95 0.09 1.80 6.60 8.78 1.83
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, European Union, Russia, and Ukraine. 5/ Trade
excludes intra-trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya,
Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi
Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran,
Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines,
Thailand, and Vietnam.
October 2019
WASDE - 593 - 19

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


(Million Metric Tons)
Beginning Domestic Domestic Ending
2019/20 Proj. Stocks Production Imports Feed Total 2/ Exports Stocks

World 3/ Sep 277.24 765.53 176.79 149.04 756.26 180.83 286.51


Oct 277.68 765.23 175.68 148.47 755.11 179.68 287.80
World Less China Sep 137.47 633.53 173.59 128.04 628.26 179.53 140.84
Oct 137.92 633.23 172.48 127.47 627.11 178.38 142.14
United States Sep 29.18 53.89 3.67 4.63 32.60 26.54 27.60
Oct 29.39 53.39 3.27 3.81 31.79 25.86 28.40
Total Foreign Sep 248.06 711.64 173.12 144.41 723.65 154.30 258.91
Oct 248.30 711.84 172.41 144.66 723.32 153.82 259.40
Major Exporters 4/ Sep 32.56 325.00 6.66 85.95 200.55 130.50 33.17
Oct 32.54 324.70 6.66 85.85 200.45 130.00 33.45
Argentina Sep 1.89 20.50 0.01 0.05 6.05 14.50 1.85
Oct 1.83 20.50 0.01 0.05 6.05 14.50 1.79
Australia Sep 4.97 19.00 0.15 5.00 8.50 10.50 5.12
Oct 4.97 18.00 0.15 5.00 8.50 9.50 5.12
Canada Sep 6.18 33.30 0.45 4.60 9.60 24.50 5.83
Oct 5.92 33.00 0.45 4.50 9.50 24.50 5.37
European Union 5/ Sep 10.09 151.00 5.50 56.00 127.50 27.50 11.59
Oct 10.00 152.00 5.50 56.00 127.50 28.00 12.00
Russia Sep 7.83 72.50 0.48 17.00 39.50 34.00 7.31
Oct 8.25 72.50 0.48 17.00 39.50 34.00 7.72
Ukraine Sep 1.59 28.70 0.08 3.30 9.40 19.50 1.46
Oct 1.59 28.70 0.08 3.30 9.40 19.50 1.46
Major Importers 6/ Sep 181.61 202.97 114.89 39.36 299.52 12.85 187.10
Oct 181.41 203.07 114.99 39.66 299.72 13.05 186.70
Bangladesh Sep 0.70 1.10 6.00 0.00 7.10 0.00 0.70
Oct 0.66 1.10 6.00 0.30 7.20 0.00 0.56
Brazil Sep 1.34 5.30 7.50 0.50 12.20 0.60 1.34
Oct 1.06 5.30 7.70 0.50 12.20 0.60 1.26
China Sep 139.77 132.00 3.20 21.00 128.00 1.30 145.67
Oct 139.77 132.00 3.20 21.00 128.00 1.30 145.67
Japan Sep 0.97 0.95 5.90 0.70 6.50 0.28 1.04
Oct 0.97 0.95 5.90 0.70 6.50 0.28 1.04
N. Africa 7/ Sep 15.81 18.87 27.40 2.25 46.75 0.69 14.65
Oct 15.45 18.87 27.40 2.25 46.75 0.89 14.09
Nigeria Sep 0.20 0.06 5.10 0.05 4.76 0.40 0.20
Oct 0.20 0.06 5.10 0.05 4.76 0.40 0.20
Sel. Mideast 8/ Sep 11.02 22.46 17.29 3.92 38.94 0.72 11.11
Oct 11.36 22.46 17.29 3.92 39.04 0.72 11.35
Southeast Asia 9/ Sep 4.81 0.00 27.10 8.04 25.82 1.07 5.03
Oct 4.92 0.00 27.10 8.04 25.82 1.07 5.14
Selected Other
India Sep 16.99 102.19 0.02 6.00 98.00 0.50 20.70
Oct 17.11 102.19 0.02 6.00 98.00 0.50 20.82
Kazakhstan Sep 1.50 11.50 0.06 1.80 6.60 5.20 1.26
Oct 1.83 11.50 0.06 1.80 6.60 5.20 1.59
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, European Union, Russia, and Ukraine. 5/ Trade
excludes intra-trade. 6/ Bangladesh, Brazil, China, South Korea, Japan, Nigeria, Mexico, Turkey, Egypt, Algeria, Libya,
Morocco, Tunisia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi
Arabia, Yemen, United Arab Emirates, and Oman. 7/ Algeria, Egypt, Libya, Morocco, and Tunisia. 8/Lebanon, Iraq, Iran,
Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman 9/ Indonesia, Malaysia, Philippines,
Thailand, and Vietnam.
October 2019
WASDE - 593 - 20

World Coarse Grain Supply and Use 1/


(Million Metric Tons)
Beginning Domestic Domestic Ending
2017/18 Stocks Production Imports Feed Total 2/ Exports Stocks

World 3/ 384.76 1,358.87 187.74 834.34 1,372.95 184.88 370.68


World Less China 161.26 1,093.16 171.32 636.79 1,090.35 184.82 147.70
United States 62.17 384.39 2.93 138.73 324.41 67.16 57.92
Total Foreign 322.59 974.49 184.82 695.61 1,048.54 117.72 312.76
Major Exporters 4/ 38.41 252.15 3.69 125.38 169.30 97.27 27.68
Argentina 6.70 39.32 0.01 11.93 17.46 24.50 4.06
Australia 2.65 12.19 0.00 3.94 5.81 6.74 2.29
Brazil 14.49 85.06 1.46 56.70 67.18 24.16 9.67
Canada 5.56 26.24 1.77 15.92 23.23 5.78 4.57
Russia 2.06 41.72 0.13 21.57 31.02 11.52 1.37
Ukraine 3.01 34.07 0.05 8.44 11.82 22.50 2.81
Major Importers 5/ 38.21 245.11 133.71 283.62 367.84 10.02 39.18
European Union 6/ 15.11 152.12 19.40 120.85 162.37 7.92 16.35
Japan 1.69 0.19 17.58 13.67 17.66 0.00 1.80
Mexico 6.00 33.19 16.36 29.20 48.41 0.96 6.18
N. Afr & Mideast 7/ 7.13 29.07 39.13 59.33 67.45 0.13 7.76
Saudi Arabia 2.54 0.26 11.99 12.28 12.70 0.00 2.08
Southeast Asia 8/ 3.29 30.00 14.54 36.27 44.49 1.01 2.34
South Korea 1.77 0.20 10.19 7.80 10.31 0.00 1.86
Selected Other
China 223.49 265.72 16.43 197.55 282.60 0.06 222.98
2018/19 Est. Beginning
Stocks Production Imports
Domes tic
Feed
Domes tic
Total 2/ Exports
Ending
Stocks

World 3/ 370.68 1,396.07 194.70 852.49 1,415.90 209.09 350.85


World Less China 147.70 1,130.67 183.28 656.94 1,128.43 209.02 138.59
United States 57.92 379.93 2.64 147.75 327.77 54.94 57.77
Total Foreign 312.76 1,016.14 192.06 704.74 1,088.13 154.15 293.08
Major Exporters 4/ 27.68 292.16 5.77 124.14 168.65 132.17 24.80
Argentina 4.06 59.23 0.01 12.59 18.55 39.36 5.39
Australia 2.29 10.93 0.00 4.18 6.25 4.67 2.32
Brazil 9.67 104.18 1.70 57.85 68.88 39.05 7.62
Canada 4.57 26.19 2.83 16.32 23.68 5.97 3.94
Russia 1.37 35.00 0.06 18.70 27.27 8.06 1.10
Ukraine 2.81 44.50 0.06 7.93 11.16 34.06 2.16
Major Importers 5/ 39.18 242.72 143.69 294.74 379.49 10.09 36.00
European Union 6/ 16.35 147.90 26.00 126.60 168.57 8.49 13.18
Japan 1.80 0.18 17.57 13.64 17.76 0.00 1.79
Mexico 6.18 33.11 17.41 30.87 50.11 0.80 5.80
N. Afr & Mideast 7/ 7.76 31.08 40.29 62.60 70.73 0.11 8.30
Saudi Arabia 2.08 0.29 10.61 10.75 11.23 0.00 1.75
Southeast Asia 8/ 2.34 29.88 16.97 37.69 45.74 0.69 2.76
South Korea 1.86 0.20 10.63 8.25 10.80 0.00 1.89
Selected Other
China 222.98 265.41 11.42 195.55 287.47 0.07 212.26
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, Brazil, Canada, Russia and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East,
Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco,
Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.
October 2019
WASDE - 593 - 21

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


(Million Metric Tons)
Beginning Domestic Domestic Ending
2019/20 Proj. Stocks Production Imports Feed Total 2/ Exports Stocks

World 3/ Sep 355.94 1,396.44 203.02 855.52 1,416.22 204.64 336.16


Oct 350.85 1,396.68 199.73 855.30 1,413.52 201.01 334.01
World Less China Sep 143.71 1,133.97 188.07 660.52 1,122.87 204.58 139.92
Oct 138.59 1,134.21 185.33 660.80 1,120.67 200.95 137.78
United States Sep 65.94 364.30 3.52 137.56 319.67 54.71 59.37
Oct 57.77 363.65 3.43 140.51 320.97 50.90 52.98
Total Foreign Sep 289.99 1,032.15 199.50 717.96 1,096.55 149.93 276.79
Oct 293.08 1,033.03 196.30 714.79 1,092.55 150.10 281.03
Major Exporters 4/ Sep 23.13 302.69 3.03 127.90 174.14 128.98 25.74
Oct 24.80 302.69 3.03 126.60 172.82 129.05 28.65
Argentina Sep 5.39 57.73 0.01 13.02 19.66 36.61 6.86
Oct 5.39 57.73 0.01 13.02 19.66 36.61 6.86
Australia Sep 2.22 12.00 0.00 4.50 6.57 5.47 2.19
Oct 2.32 11.50 0.00 4.40 6.47 5.12 2.24
Brazil Sep 5.83 104.23 1.70 59.87 71.95 34.01 5.80
Oct 7.62 104.23 1.70 58.87 70.95 34.01 8.59
Canada Sep 3.46 28.56 1.03 15.80 23.06 5.96 4.03
Oct 3.94 28.56 1.03 15.80 23.06 5.96 4.51
Russia Sep 1.11 39.38 0.09 19.83 28.28 10.49 1.81
Oct 1.10 39.88 0.09 19.83 28.38 10.92 1.78
Ukraine Sep 2.87 46.20 0.03 8.21 11.66 34.94 2.51
Oct 2.16 46.20 0.03 8.01 11.33 34.94 2.12
Major Importers 5/ Sep 34.46 255.45 146.48 302.40 388.27 10.28 37.85
Oct 36.00 256.34 144.88 301.73 387.42 10.38 39.42
European Union 6/ Sep 12.92 157.81 21.91 126.40 168.97 7.86 15.81
Oct 13.18 158.75 22.01 126.40 168.97 7.96 17.01
Japan Sep 1.64 0.18 17.27 13.42 17.51 0.00 1.58
Oct 1.79 0.18 17.37 13.46 17.57 0.00 1.77
Mexico Sep 4.94 33.10 19.01 32.41 51.99 1.50 3.56
Oct 5.80 33.10 18.01 32.41 51.69 1.50 3.72
N. Afr & Mideast 7/ Sep 8.06 32.87 42.72 65.38 73.61 0.19 9.84
Oct 8.30 32.81 42.92 65.67 74.00 0.19 9.83
Saudi Arabia Sep 1.85 0.25 13.51 13.25 13.70 0.00 1.92
Oct 1.75 0.25 12.51 12.25 12.70 0.00 1.82
Southeast Asia 8/ Sep 2.63 30.96 17.26 38.96 47.11 0.74 3.01
Oct 2.76 30.96 17.26 38.96 47.11 0.74 3.14
South Korea Sep 1.89 0.20 10.61 8.25 10.84 0.00 1.86
Oct 1.89 0.20 10.61 8.25 10.84 0.00 1.86
Selected Other
China Sep 212.22 262.48 14.95 195.00 293.35 0.06 196.24
Oct 212.26 262.48 14.40 194.50 292.85 0.06 196.23
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, Brazil, Canada, Russia and Ukraine. 5/ The European Union, Japan, Mexico, selected North Africa and Middle East,
Saudi Arabia, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco,
Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.
October 2019
WASDE - 593 - 22

World Corn Supply and Use 1/


(Million Metric Tons)
Beginning Domestic Domestic Ending
2017/18 Stocks Production Imports Feed Total 2/ Exports Stocks

World 3/ 351.35 1,078.08 149.96 672.04 1,088.10 147.78 341.34


World Less China 128.34 819.01 146.50 485.04 825.10 147.76 118.81
United States 58.25 371.10 0.92 134.73 313.98 61.92 54.37
Total Foreign 293.10 706.98 149.05 537.31 774.12 85.86 286.97
Major Exporters 4/ 25.32 164.42 1.18 81.63 102.63 71.79 16.49
Argentina 5.27 32.00 0.01 8.50 12.40 22.00 2.88
Brazil 14.02 82.00 0.92 54.00 63.50 24.15 9.28
Russia 0.78 13.20 0.05 7.40 8.30 5.53 0.20
South Africa 3.70 13.10 0.17 6.83 12.23 2.07 2.67
Ukraine 1.55 24.12 0.04 4.90 6.20 18.04 1.47
Major Importers 5/ 21.93 126.08 88.35 154.80 208.95 3.72 23.70
Egypt 1.89 6.40 9.46 13.40 15.90 0.01 1.84
European Union 6/ 7.60 62.02 18.47 57.00 76.50 1.75 9.84
Japan 1.32 0.00 15.67 12.00 15.60 0.00 1.39
Mexico 5.41 27.57 16.13 24.30 42.50 0.96 5.65
Southeast Asia 7/ 3.28 29.95 14.20 36.20 44.10 1.00 2.33
South Korea 1.76 0.07 10.02 7.70 10.00 0.00 1.85
Selected Other 0.00
Canada 2.57 14.10 1.70 8.87 14.02 1.94 2.42
China 223.02 259.07 3.46 187.00 263.00 0.02 222.53

2018/19 Est. Beginning


Stocks Production Imports
Domes tic
Feed
Domes tic
/ Total 2 Exports
Ending
Stocks

World 3/ 341.34 1,123.22 163.91 704.56 1,140.53 177.88 324.03


World Less China 118.81 865.89 158.91 514.56 867.53 177.86 112.19
United States 54.37 366.29 0.71 142.70 315.20 52.46 53.71
Total Foreign 286.97 756.93 163.20 561.86 825.33 125.42 270.32
Major Exporters 4/ 16.49 210.72 2.10 83.50 105.50 109.30 14.51
Argentina 2.88 51.00 0.01 9.70 13.80 36.00 4.09
Brazil 9.28 101.00 1.00 55.00 65.00 39.00 7.28
Russia 0.20 11.42 0.05 7.50 8.40 3.00 0.26
South Africa 2.67 11.50 1.00 6.50 12.20 1.00 1.97
Ukraine 1.47 35.81 0.04 4.80 6.10 30.30 0.91
Major Importers 5/ 23.70 128.60 98.18 169.60 224.20 4.79 21.49
Egypt 1.84 6.80 9.70 13.70 16.20 0.01 2.13
European Union 6/ 9.84 64.22 24.80 68.00 88.00 3.30 7.55
Japan 1.39 0.00 15.80 12.10 15.80 0.00 1.40
Mexico 5.65 27.60 16.70 25.70 43.90 0.80 5.25
Southeast Asia 7/ 2.33 29.83 16.58 37.60 45.30 0.68 2.75
South Korea 1.85 0.08 10.50 8.20 10.55 0.00 1.88
Selected Other 0.00
Canada 2.42 13.89 2.77 9.50 14.70 1.80 2.58
China 222.53 257.33 5.00 190.00 273.00 0.02 211.84

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, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European
Union, Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines,
Thailand, and Vietnam.
October 2019
WASDE - 593 - 23

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


(Million Metric Tons)
Beginning Domestic Domestic Ending
2019/20 Proj. Stocks Production Imports Feed Total 2/ Exports Stocks

World 3/ Sep 329.55 1,104.88 169.44 694.24 1,128.16 169.90 306.27


Oct 324.03 1,104.01 166.09 693.86 1,125.49 166.59 302.55
World Less China Sep 117.71 850.88 162.44 506.24 851.16 169.88 110.45
Oct 112.19 850.01 159.09 505.86 848.49 166.57 106.73
United States Sep 62.12 350.52 1.27 131.45 306.21 52.07 55.62
Oct 53.71 350.01 1.27 134.63 307.74 48.26 48.99
Total Foreign Sep 267.43 754.36 168.17 562.79 821.95 117.83 250.65
Oct 270.32 754.00 164.82 559.23 817.76 118.33 253.56
Major Exporters 4/ Sep 13.42 214.00 1.17 86.40 110.10 103.70 14.78
Oct 14.51 214.50 1.17 85.20 108.80 104.20 17.17
Argentina Sep 4.09 50.00 0.01 10.30 15.00 33.50 5.59
Oct 4.09 50.00 0.01 10.30 15.00 33.50 5.59
Brazil Sep 5.49 101.00 1.00 57.00 68.00 34.00 5.49
Oct 7.28 101.00 1.00 56.00 67.00 34.00 8.28
Russia Sep 0.26 13.00 0.04 7.50 8.40 4.70 0.20
Oct 0.26 13.50 0.04 7.50 8.40 5.20 0.20
South Africa Sep 1.97 14.00 0.10 6.60 12.30 1.50 2.27
Oct 1.97 14.00 0.10 6.60 12.30 1.50 2.27
Ukraine Sep 1.61 36.00 0.02 5.00 6.40 30.00 1.23
Oct 0.91 36.00 0.02 4.80 6.10 30.00 0.83
Major Importers 5/ Sep 20.16 130.07 96.60 166.70 222.25 4.24 20.34
Oct 21.49 129.27 95.80 166.50 221.75 4.24 20.56
Egypt Sep 2.13 7.20 10.00 14.40 16.90 0.01 2.42
Oct 2.13 6.40 10.20 14.20 16.70 0.01 2.02
European Union 6/ Sep 7.25 64.80 21.00 62.00 82.50 2.00 8.55
Oct 7.55 64.80 21.00 62.00 82.50 2.00 8.85
Japan Sep 1.40 0.00 15.60 11.90 15.60 0.00 1.40
Oct 1.40 0.00 15.60 11.90 15.60 0.00 1.40
Mexico Sep 4.35 27.00 18.50 27.00 45.50 1.50 2.85
Oct 5.25 27.00 17.50 27.00 45.20 1.50 3.05
Southeast Asia 7/ Sep 2.62 30.91 16.90 38.90 46.70 0.73 3.00
Oct 2.75 30.91 16.90 38.90 46.70 0.73 3.12
South Korea Sep 1.88 0.08 10.50 8.20 10.60 0.00 1.85
Oct 1.88 0.08 10.50 8.20 10.60 0.00 1.85
Selected Other
Canada Sep 2.10 14.00 1.00 8.50 13.70 1.50 1.90
Oct 2.58 14.00 1.00 8.50 13.70 1.50 2.38
China Sep 211.84 254.00 7.00 188.00 277.00 0.02 195.82
Oct 211.84 254.00 7.00 188.00 277.00 0.02 195.82

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, Brazil, Russia, South Africa and Ukraine. 5/ Egypt, the European Union,
Japan, Mexico, Southeast Asia, and South Korea. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines,
Thailand, and Vietnam.
October 2019
WASDE - 593 - 24

World Rice Supply and Use (Milled Basis) 1/


(Million Metric Tons)
Beginning Production Imports Total /2 Exports Ending
2017/18 Stocks Domestic Stocks
World 3/ 149.72 494.86 46.73 482.24 47.13 162.34
World Less China 51.22 345.99 41.23 339.75 45.75 53.34
United States 1.46 5.66 0.87 4.30 2.76 0.93
Total Foreign 148.26 489.20 45.86 477.94 44.37 161.41
Major Exporters 4/ 27.64 181.69 0.76 144.77 36.45 28.88
Burma 0.55 13.20 0.01 10.20 2.75 0.81
India 20.55 112.76 0.00 98.67 12.04 22.60
Pakistan 1.34 7.50 0.00 3.40 4.01 1.42
Thailand 4.24 20.58 0.25 11.00 11.06 3.01
Vietnam 0.97 27.66 0.50 21.50 6.59 1.03
Major Importers 5/ 108.57 241.03 21.35 248.06 1.82 121.06
China 98.50 148.87 5.50 142.49 1.39 109.00
European Union 6/ 1.19 2.01 2.01 3.68 0.35 1.18
Indonesia 2.92 37.00 2.35 38.10 0.00 4.16
Nigeria 1.74 4.66 2.00 6.90 0.00 1.50
Philippines 2.00 12.24 1.30 13.25 0.00 2.29
Sel. Mideast 7/ 0.86 2.22 3.62 5.80 0.00 0.91
Selected Other 0.00
Brazil 0.63 8.20 0.56 7.75 1.15 0.49
C. Amer & Carib 8/ 0.68 1.64 1.66 3.27 0.04 0.68
Egypt 1.43 4.30 0.09 4.20 0.05 1.56
Japan 2.41 7.79 0.69 8.60 0.06 2.22
Mexico 0.17 0.18 0.81 0.92 0.10 0.15
South Korea 2.00 3.97 0.40 4.75 0.06 1.56

2018/19 Est. Beginning


Stocks Production Imports
Total /2
Domes tic Exports
Ending
Stocks

World 3/ 162.34 498.95 44.51 489.44 45.28 171.85


World Less China 53.34 350.46 41.26 346.47 42.51 56.85
United States 0.93 7.12 0.92 4.58 2.97 1.42
Total Foreign 161.41 491.83 43.59 484.86 42.31 170.43
Major Exporters 4/ 28.88 185.26 0.66 147.67 33.70 33.43
Burma 0.81 13.18 0.01 10.50 2.60 0.90
India 22.60 116.42 0.00 101.02 11.80 26.20
Pakistan 1.42 7.40 0.00 3.45 4.10 1.27
Thailand 3.01 20.34 0.25 11.20 8.70 3.70
Vietnam 1.03 27.92 0.40 21.50 6.50 1.36
Major Importers 5/ 121.06 241.97 17.22 250.07 3.20 126.99
China 109.00 148.49 3.25 142.97 2.77 115.00
European Union 6/ 1.18 1.94 2.10 3.78 0.32 1.13
Indonesia 4.16 36.70 0.40 38.00 0.00 3.26
Nigeria 1.50 4.79 2.10 7.10 0.00 1.29
Philippines 2.29 11.73 3.57 14.10 0.00 3.49
Sel. Mideast 7/ 0.91 2.01 3.75 5.87 0.00 0.80
Selected Other 0.00
Brazil 0.49 7.14 0.90 7.55 0.75 0.23
C. Amer & Carib 8/ 0.68 1.69 1.77 3.43 0.03 0.67
Egypt 1.56 2.80 0.90 4.15 0.02 1.09
Japan 2.22 7.66 0.69 8.50 0.06 2.01
Mexico 0.15 0.19 0.76 0.92 0.03 0.15
South Korea 1.56 3.87 0.41 4.71 0.10 1.02

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/ Burma,
India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote d’Ivoire, Indonesia, Iran, Iraq, and Saudi
Arabia. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries.
October 2019
WASDE - 593 - 25

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


(Million Metric Tons)
Beginning Production Imports Total /2 Exports Ending
2019/20 Proj. Stocks Domestic Stocks

World 3/ Sep 171.80 494.22 43.85 493.29 45.12 172.73


Oct 171.85 497.77 43.85 494.54 45.88 175.09
World Less China Sep 56.80 348.22 40.75 350.29 41.82 54.93
Oct 56.85 351.77 40.75 351.54 42.58 57.29
United States Sep 1.42 5.95 0.94 4.16 3.02 1.14
Oct 1.42 5.99 0.94 4.16 3.02 1.18
Total Foreign Sep 170.38 488.27 42.91 489.13 42.10 171.59
Oct 170.43 491.78 42.91 490.38 42.86 173.91
Major Exporters 4/ Sep 33.40 181.60 0.66 149.25 33.30 33.11
Oct 33.43 183.60 0.66 149.30 33.98 34.41
Burma Sep 0.87 13.30 0.01 10.50 2.60 1.08
Oct 0.90 13.30 0.01 10.50 2.63 1.08
India Sep 26.20 112.00 0.00 102.00 11.20 25.00
Oct 26.20 114.00 0.00 102.10 11.80 26.30
Pakistan Sep 1.27 7.50 0.00 3.55 4.00 1.22
Oct 1.27 7.50 0.00 3.55 4.00 1.22
Thailand Sep 3.70 20.50 0.25 11.20 9.00 4.25
Oct 3.70 20.50 0.25 11.20 9.00 4.25
Vietnam Sep 1.36 28.30 0.40 22.00 6.50 1.56
Oct 1.36 28.30 0.40 21.95 6.55 1.56
Major Importers 5/ Sep 126.99 241.50 15.93 251.31 3.71 129.40
Oct 126.99 241.70 16.03 251.41 3.71 129.60
China Sep 115.00 146.00 3.10 143.00 3.30 117.80
Oct 115.00 146.00 3.10 143.00 3.30 117.80
European Union 6/ Sep 1.13 2.01 2.05 3.80 0.30 1.09
Oct 1.13 2.01 2.05 3.80 0.30 1.09
Indonesia Sep 3.26 37.40 0.50 38.00 0.00 3.16
Oct 3.26 37.40 0.60 38.10 0.00 3.16
Nigeria Sep 1.29 4.90 2.20 7.30 0.00 1.09
Oct 1.29 4.90 2.20 7.30 0.00 1.09
Philippines Sep 3.49 12.20 2.70 14.60 0.00 3.79
Oct 3.49 12.20 2.70 14.60 0.00 3.79
Sel. Mideast 7/ Sep 0.80 2.29 3.68 6.06 0.00 0.71
Oct 0.80 2.29 3.68 6.06 0.00 0.71
Selected Other
Brazil Sep 0.28 7.14 0.95 7.53 0.55 0.29
Oct 0.23 7.14 1.10 7.60 0.50 0.37
C. Amer & Carib 8/ Sep 0.67 1.55 1.90 3.44 0.03 0.65
Oct 0.67 1.55 1.90 3.44 0.03 0.65
Egypt Sep 1.09 3.05 0.60 4.00 0.01 0.73
Oct 1.09 4.30 0.30 4.35 0.10 1.24
Japan Sep 1.95 7.70 0.69 8.48 0.06 1.79
Oct 2.01 7.80 0.69 8.40 0.07 2.03
Mexico Sep 0.15 0.20 0.79 0.93 0.02 0.19
Oct 0.15 0.20 0.79 0.93 0.02 0.19
South Korea Sep 1.02 3.88 0.41 4.48 0.06 0.78
Oct 1.02 3.88 0.41 4.48 0.06 0.78

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/ Burma, India, Pakistan, Thailand, and Vietnam. 5/ Bangladesh, China, Nigeria, European Union, Philippines, Cote
d’Ivoire, Indonesia, Iran, Iraq, and Saudi Arabia. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi
Arabia. 8/ Central American and Caribbean countries.
October 2019
WASDE - 593 - 26

World Cotton Supply and Use 1/


(Million 480-Pound Bales)
Beginning Production Imports Domestic Exports Loss Ending
2017/18 Stocks Use /2 Stocks

World 80.29 123.78 41.15 122.77 41.41 0.12 80.93


World Less China 34.37 96.28 35.44 81.77 41.27 0.12 42.94
United States 2.75 20.92 3/ 3.23 16.28 -0.03 4.20
Total Foreign 77.54 102.86 41.14 119.54 25.13 0.15 76.73
Major Exporters 4/ 21.90 57.10 2.47 32.75 21.75 0.02 26.95
Central Asia 5/ 2.18 6.50 3/ 3.38 2.53 0.00 2.77
Afr. Fr. Zone 6/ 1.46 5.44 3/ 0.14 5.06 0.00 1.70
S. Hemis. 7/ 10.18 15.70 0.24 4.44 8.64 0.01 13.02
Australia 2.19 4.80 3/ 0.04 3.92 0.00 3.04
Brazil 6.93 9.22 0.08 3.40 4.17 0.00 8.66
India 7.88 29.00 1.68 24.15 5.18 0.00 9.23
Major Importers 8/ 54.18 42.93 36.04 82.74 2.35 0.12 47.93
Mexico 0.45 1.56 0.93 1.90 0.35 0.03 0.66
China 45.92 27.50 5.71 41.00 0.14 0.00 37.99
European Union 9/ 0.19 1.53 0.73 0.75 1.37 0.04 0.30
Turkey 1.53 4.00 4.02 7.45 0.33 0.00 1.78
Pakistan 2.32 8.20 3.40 10.90 0.16 0.03 2.83
Indonesia 0.62 3/ 3.50 3.50 0.01 0.00 0.62
Thailand 0.20 3/ 1.15 1.13 0.00 0.03 0.20
Bangladesh 1.63 0.14 7.60 7.50 0.00 0.01 1.86
Vietnam 0.88 3/ 7.00 6.60 0.00 0.00 1.29

2018/19 Est. Beginning


Stocks Production Imports
Domes tic
Us e Exports
Los s
/2
Ending
Stocks

World 80.93 119.01 42.36 120.23 41.23 0.12 80.73


World Less China 42.94 91.26 32.72 80.73 41.02 0.12 45.06
United States 4.20 18.37 3/ 2.98 14.76 -0.02 4.85
Total Foreign 76.73 100.65 42.36 117.25 26.47 0.14 75.88
Major Exporters 4/ 26.95 55.06 2.43 33.03 22.16 0.02 29.23
Central Asia 5/ 2.77 5.44 3/ 3.83 1.87 0.00 2.52
Afr. Fr. Zone 6/ 1.70 5.36 3/ 0.14 5.55 0.00 1.37
S. Hemis. 7/ 13.02 17.12 0.18 4.42 10.81 0.01 15.09
Australia 3.04 2.20 3/ 0.04 3.63 0.00 1.57
Brazil 8.66 12.75 0.02 3.40 6.01 0.00 12.01
India 9.23 26.50 1.80 24.00 3.50 0.00 10.03
Major Importers 8/ 47.93 42.65 37.50 80.09 2.99 0.11 44.89
Mexico 0.66 1.74 0.85 1.95 0.50 0.03 0.77
China 37.99 27.75 9.64 39.50 0.21 0.00 35.67
European Union 9/ 0.30 1.72 0.69 0.72 1.72 0.03 0.24
Turkey 1.78 3.70 3.50 6.80 0.48 0.00 1.69
Pakistan 2.83 7.60 2.85 10.70 0.06 0.03 2.50
Indonesia 0.62 3/ 3.05 3.15 0.01 0.00 0.51
Thailand 0.20 3/ 1.08 1.08 0.00 0.03 0.18
Bangladesh 1.86 0.14 7.20 7.40 0.00 0.01 1.78
Vietnam 1.29 3/ 6.90 7.00 0.00 0.00 1.19

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, Burkina Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/
Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and Zimbabwe. 8/ In addition to the countries and regions listed,
includes Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade.
October 2019
WASDE - 593 - 27

World Cotton Supply and Use 1/


(Million 480-Pound Bales)
Beginning Production Imports Domestic Exports Loss Ending
2019/20 Proj. Stocks Use /2 Stocks

World Sep 80.80 124.90 43.28 121.74 43.34 0.15 83.75


Oct 80.73 124.77 42.90 121.61 42.91 0.19 83.69
World Less China Sep 45.13 97.15 33.28 82.24 43.22 0.15 49.95
Oct 45.06 97.02 33.40 82.11 42.74 0.19 50.45
United States Sep 4.85 21.86 0.01 3.00 16.50 0.02 7.20
Oct 4.85 21.71 0.01 3.00 16.50 0.06 7.00
filler filler filler filler filler filler filler

Total Foreign Sep 75.95 103.04 43.28 118.74 26.84 0.13 76.55
Oct 75.88 103.07 42.90 118.61 26.41 0.13 76.69
Major Exporters 4/ Sep 29.29 56.69 2.26 33.96 22.93 0.02 31.33
Oct 29.23 57.09 2.28 33.94 22.43 0.02 32.21
Central Asia 5/ Sep 2.52 5.40 3/ 3.99 1.53 0.00 2.40
Oct 2.52 5.40 3/ 3.99 1.53 0.00 2.40
Afr. Fr. Zone 6/ Sep 1.42 5.89 3/ 0.14 5.54 0.00 1.63
Oct 1.37 5.89 3/ 0.14 5.41 0.00 1.71
S. Hemis. 7/ Sep 15.09 15.42 0.16 4.42 11.57 0.01 14.67
Oct 15.09 14.82 0.18 4.40 11.19 0.01 14.49
Australia Sep 1.57 1.40 3/ 0.04 1.90 0.00 1.04
Oct 1.57 1.20 3/ 0.04 1.70 0.00 1.04
filler filler filler filler filler filler filler

Brazil Sep 12.06 12.00 0.03 3.40 8.50 0.00 12.19


Oct 12.01 11.60 0.03 3.40 8.30 0.00 11.94
India Sep 10.03 29.50 1.60 24.75 4.00 0.00 12.38
Oct 10.03 30.50 1.60 24.75 4.00 0.00 13.38
Major Importers 8/ Sep 44.88 43.30 38.51 80.59 2.65 0.11 43.34
Oct 44.89 42.93 38.13 80.49 2.70 0.11 42.64
Mexico Sep 0.75 1.60 0.85 2.00 0.45 0.03 0.73
Oct 0.77 1.58 0.85 2.00 0.45 0.03 0.72
China Sep 35.67 27.75 10.00 39.50 0.13 0.00 33.80
Oct 35.67 27.75 9.50 39.50 0.18 0.00 33.25
European Union 9/ Sep 0.23 1.71 0.68 0.73 1.62 0.03 0.25
Oct 0.24 1.76 0.68 0.71 1.67 0.03 0.27
Turkey Sep 1.69 4.10 3.10 6.80 0.38 0.00 1.72
Oct 1.69 4.10 3.20 6.90 0.35 0.00 1.74
Pakistan Sep 2.50 8.00 2.90 10.70 0.08 0.03 2.60
Oct 2.50 7.60 3.10 10.70 0.05 0.03 2.42
Indonesia Sep 0.51 3/ 3.30 3.20 0.01 0.00 0.61
Oct 0.51 3/ 3.30 3.20 0.01 0.00 0.61
Thailand Sep 0.18 3/ 1.05 1.03 0.00 0.03 0.18
Oct 0.18 3/ 1.05 1.03 0.00 0.03 0.18
Bangladesh Sep 1.78 0.14 7.30 7.40 0.00 0.01 1.81
Oct 1.78 0.14 7.30 7.40 0.00 0.01 1.81
Vietnam Sep 1.19 3/ 7.60 7.50 0.00 0.00 1.29
Oct 1.19 3/ 7.50 7.40 0.00 0.00 1.29

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, Burkina Faso, Cameroon, Central African Republic, Chad,
Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, South Africa, Tanzania, Zambia, and
Zimbabwe. 8/ In addition to the countries and regions listed, includes Japan, Russia, South Korea, and Taiwan. 9/ Includes
intra-EU trade.
October 2019
WASDE - 593 - 28

World Soybean Supply and Use 1/


(Million Metric Tons)
Beginning Production Imports Domestic Domestic Exports Ending
2017/18 Stocks Crush Total Stocks
World 2/ 95.62 341.62 153.00 294.90 338.35 153.07 98.81
World Less China 75.50 326.33 58.90 204.90 232.05 152.93 75.75
United States 8.21 120.07 0.59 55.93 58.87 58.07 11.92
Total Foreign 87.41 221.55 152.40 238.98 279.48 94.99 86.89
Major Exporters 3/ 60.64 171.43 4.89 85.08 94.17 85.55 57.25
Argentina 27.00 37.80 4.70 36.93 43.63 2.13 23.73
Brazil 33.21 122.00 0.18 44.21 46.51 76.14 32.74
Paraguay 0.44 10.30 0.01 3.87 3.94 6.03 0.77
Major Importers 4/ 22.79 19.19 124.51 116.06 140.35 0.43 25.71
China 20.12 15.28 94.10 90.00 106.30 0.13 23.06
European Union 1.15 2.54 14.58 14.95 16.60 0.28 1.40
Southeast Asia 1.15 0.69 7.71 3.46 8.64 0.02 0.88
Mexico 0.15 0.43 4.87 5.25 5.29 0.00 0.17

2018/19 Est. Beginning


Stocks Production Imports
Domes tic
Crus h
Domes tic
Total Exports
Ending
Stocks

World 2/ 98.81 358.77 146.35 299.53 345.37 148.69 109.87


World Less China 75.75 342.87 63.35 214.53 243.27 148.57 90.13
United States 11.92 120.52 0.38 56.94 60.41 47.56 24.85
Total Foreign 86.89 238.26 145.97 242.60 284.96 101.13 85.03
Major Exporters 3/ 57.25 183.98 6.62 88.23 97.85 91.80 58.20
Argentina 23.73 55.30 6.47 41.25 48.15 8.15 29.20
Brazil 32.74 117.00 0.15 43.00 45.65 75.40 28.84
Paraguay 0.77 8.85 0.01 3.90 3.98 5.50 0.15
Major Importers 4/ 25.71 19.77 115.82 113.40 138.69 0.32 22.29
China 23.06 15.90 83.00 85.00 102.10 0.12 19.74
European Union 1.40 2.66 15.20 16.30 17.96 0.17 1.14
Southeast Asia 0.88 0.66 9.09 4.20 9.56 0.04 1.03
Mexico 0.17 0.34 5.23 5.50 5.54 0.00 0.20

Beginning Production Imports Domes tic Domes tic Exports Ending


Stocks Crus h Total Stocks

2019/20 Proj.
World 2/ Sep 112.41 341.39 148.20 306.23 353.41 149.39 99.19
Oct 109.87 338.97 148.10 305.21 352.34 149.39 95.21
World Less China Sep 92.67 324.29 63.20 221.23 250.71 149.27 80.17
Oct 90.13 321.87 63.10 220.21 249.64 149.27 76.19
United States Sep 27.36 98.87 0.54 57.56 61.04 48.31 17.43
Oct 24.85 96.62 0.54 57.70 61.19 48.31 12.52
Total Foreign Sep 85.05 242.52 147.65 248.67 292.37 101.09 81.76
Oct 85.03 242.35 147.55 247.52 291.15 101.09 82.69
Major Exporters 3/ Sep 57.76 188.40 4.11 92.78 102.76 92.83 54.68
Oct 58.20 188.40 4.11 91.73 101.75 92.83 56.13
Argentina Sep 29.35 53.00 3.90 45.00 52.15 8.00 26.10
Oct 29.20 53.00 3.90 44.00 51.15 8.00 26.95
Brazil Sep 28.20 123.00 0.20 43.75 46.50 76.50 28.40
Oct 28.84 123.00 0.20 43.75 46.54 76.50 29.00
Paraguay Sep 0.20 10.20 0.01 3.95 4.03 6.20 0.18
Oct 0.15 10.20 0.01 3.90 3.98 6.20 0.18
Major Importers 4/ Sep 22.29 20.99 119.14 113.81 139.96 0.39 22.07
Oct 22.29 20.81 119.14 113.81 139.96 0.39 21.89
China Sep 19.74 17.10 85.00 85.00 102.70 0.13 19.02
Oct 19.74 17.10 85.00 85.00 102.70 0.13 19.02
European Union Sep 1.14 2.60 15.10 15.90 17.56 0.23 1.05
Oct 1.14 2.60 15.10 15.90 17.56 0.23 1.05
Southeast Asia Sep 1.03 0.64 9.89 4.53 10.14 0.04 1.37
Oct 1.03 0.64 9.89 4.53 10.14 0.04 1.37
Mexico Sep 0.20 0.40 5.80 5.95 5.99 0.00 0.41
Oct 0.20 0.22 5.80 5.95 5.99 0.00 0.23

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, Paraguay, and Uruguay. 4/ China, European Union, Japan, Mexico, and Southeast Asia (includes Indonesia, Malaysia,
Philippines, Vietnam, and Thailand). Totals may not add due to rounding.
October 2019
WASDE - 593 - 29

World Soybean Meal Supply and Use 1/


(Million Metric Tons)
Beginning Production Imports Domestic Exports Ending
2017/18 Stocks Total Stocks
World 2/ 13.17 232.68 59.91 229.23 64.80 11.72
World Less China 13.17 161.40 59.89 159.13 63.60 11.72
United States 0.36 44.66 0.44 32.24 12.72 0.50
Total Foreign 12.81 188.02 59.47 197.00 52.09 11.22
Major Exporters 3/ 7.29 68.86 0.03 25.47 44.16 6.55
Argentina 3.34 28.40 0.00 3.00 26.27 2.48
Brazil 3.32 34.30 0.02 17.71 16.03 3.90
India 0.63 6.16 0.01 4.77 1.86 0.18
Major Importers 4/ 1.84 20.48 38.77 58.96 0.66 1.46
European Union 0.49 11.81 18.35 30.04 0.40 0.21
Mexico 0.04 4.15 1.93 6.05 0.02 0.05
Southeast Asia 5/ 1.22 2.70 16.75 19.42 0.25 1.01

2018/19 Est. Beginning


Stocks Production Imports
Domes tic
Total Exports
Ending
Stocks

World 2/ 11.72 235.22 62.62 230.94 67.37 11.25


World Less China 11.72 167.90 62.60 164.58 66.40 11.25
United States 0.50 44.45 0.64 32.84 12.34 0.41
Total Foreign 11.22 190.77 61.99 198.10 55.04 10.84
Major Exporters 3/ 6.55 72.85 0.04 26.80 46.88 5.76
Argentina 2.48 31.65 0.00 3.19 28.60 2.34
Brazil 3.90 33.35 0.03 18.13 15.93 3.21
India 0.18 7.85 0.02 5.48 2.35 0.21
Major Importers 4/ 1.46 22.31 38.70 60.44 0.58 1.46
European Union 0.21 12.88 18.30 30.79 0.35 0.25
Mexico 0.05 4.35 1.90 6.23 0.02 0.06
Southeast Asia 5/ 1.01 3.28 16.88 19.94 0.22 1.01
Beginning Production Imports Domes tic Exports Ending
Stocks Total Stocks

2019/20 Proj.
World 2/ Sep 11.72 239.96 65.34 236.98 68.18 11.85
Oct 11.25 239.71 64.41 236.24 67.99 11.14
World Less China Sep 11.72 172.64 65.29 170.51 67.28 11.85
Oct 11.25 172.39 64.36 169.77 67.09 11.14
United States Sep 0.41 45.04 0.45 33.11 12.43 0.36
Oct 0.41 45.18 0.45 33.25 12.43 0.36
Total Foreign Sep 11.31 194.92 64.88 203.87 55.75 11.49
Oct 10.84 194.53 63.95 202.99 55.56 10.78
Major Exporters 3/ Sep 6.26 75.71 0.04 28.15 47.60 6.26
Oct 5.76 75.46 0.04 28.14 47.40 5.72
Argentina Sep 2.69 34.00 0.00 3.40 30.50 2.79
Oct 2.34 33.75 0.00 3.39 30.30 2.40
Brazil Sep 3.36 33.95 0.03 18.95 15.20 3.19
Oct 3.21 33.95 0.03 18.95 15.20 3.04
India Sep 0.21 7.76 0.02 5.80 1.90 0.29
Oct 0.21 7.76 0.02 5.80 1.90 0.29
Major Importers 4/ Sep 1.52 22.63 40.23 62.05 0.60 1.73
Oct 1.46 22.63 39.68 61.55 0.60 1.62
European Union Sep 0.25 12.56 19.00 31.19 0.35 0.27
Oct 0.25 12.56 19.00 31.19 0.35 0.27
Mexico Sep 0.05 4.70 2.13 6.75 0.02 0.12
Oct 0.06 4.70 1.98 6.65 0.02 0.08
Southeast Asia 5/ Sep 1.13 3.54 17.32 20.51 0.23 1.26
Oct 1.01 3.54 17.02 20.21 0.23 1.13

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/ European Union, Southeast Asia, and Japan. 5/
Indonesia, Malaysia, Philippines, Vietnam, and Thailand. Totals may not add due to rounding.
October 2019
WASDE - 593 - 30

World Soybean Oil Supply and Use 1/


(Million Metric Tons)
Beginning Production Imports Domestic Exports Ending
2017/18 Stocks Total Stocks
World 2/ 3.76 55.15 9.81 54.71 10.54 3.47
World Less China 3.09 39.02 9.33 38.21 10.32 2.90
United States 0.78 10.78 0.15 9.70 1.11 0.91
Total Foreign 2.98 44.37 9.66 45.01 9.43 2.56
Major Exporters 3/ 0.74 19.31 0.33 12.28 7.28 0.83
Argentina 0.28 7.24 0.00 3.08 4.16 0.27
Brazil 0.29 8.50 0.05 6.94 1.51 0.39
European Union 0.16 2.84 0.28 2.23 0.90 0.16
Major Importers 4/ 1.37 18.44 5.86 24.48 0.27 0.91
China 0.67 16.13 0.48 16.50 0.21 0.57
India 0.48 1.39 2.98 4.72 0.01 0.12
North Africa 5/ 0.13 0.70 1.53 2.18 0.06 0.13

2018/19 Est. Beginning


Stocks Production Imports
Domes tic
Total Exports
Ending
Stocks

World 2/ 3.47 56.12 11.04 55.52 11.33 3.77


World Less China 2.90 40.89 10.24 39.64 11.12 3.26
United States 0.91 11.02 0.18 10.41 0.92 0.78
Total Foreign 2.56 45.10 10.85 45.11 10.41 2.99
Major Exporters 3/ 0.83 20.14 0.43 12.30 8.02 1.08
Argentina 0.27 8.06 0.00 2.68 5.35 0.30
Brazil 0.39 8.25 0.05 7.17 1.11 0.40
European Union 0.16 3.10 0.38 2.41 0.85 0.38
Major Importers 4/ 0.91 18.01 6.77 24.36 0.30 1.03
China 0.57 15.23 0.80 15.89 0.21 0.51
India 0.12 1.76 3.30 4.95 0.01 0.23
North Africa 5/ 0.13 0.73 1.63 2.28 0.08 0.13
Beginning Production Imports Domes tic Exports Ending
Stocks Total Stocks

2019/20 Proj.
World 2/ Sep 3.78 57.25 11.61 57.11 11.85 3.68
Oct 3.77 57.20 11.74 57.17 11.87 3.68
World Less China Sep 3.27 42.02 10.51 40.90 11.73 3.18
Oct 3.26 41.97 10.54 40.88 11.72 3.18
United States Sep 0.78 11.13 0.20 10.66 0.78 0.67
Oct 0.78 11.15 0.20 10.66 0.78 0.69
Total Foreign Sep 3.00 46.13 11.41 46.45 11.07 3.01
Oct 2.99 46.05 11.54 46.51 11.09 2.98
Major Exporters 3/ Sep 1.11 20.86 0.41 12.48 8.77 1.13
Oct 1.08 20.80 0.41 12.43 8.76 1.09
Argentina Sep 0.33 8.70 0.00 2.84 5.85 0.34
Oct 0.30 8.65 0.00 2.69 5.95 0.31
Brazil Sep 0.40 8.39 0.05 7.20 1.25 0.39
Oct 0.40 8.39 0.05 7.30 1.15 0.39
European Union Sep 0.38 3.02 0.35 2.41 0.95 0.39
Oct 0.38 3.02 0.35 2.41 0.95 0.39
Major Importers 4/ Sep 1.03 18.04 7.31 25.14 0.21 1.02
Oct 1.03 18.04 7.41 25.22 0.24 1.02
China Sep 0.51 15.23 1.10 16.21 0.13 0.50
Oct 0.51 15.23 1.20 16.29 0.15 0.50
India Sep 0.23 1.75 3.50 5.24 0.01 0.23
Oct 0.23 1.75 3.50 5.24 0.01 0.23
North Africa 5/ Sep 0.13 0.73 1.66 2.32 0.08 0.12
Oct 0.13 0.73 1.66 2.32 0.08 0.12

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 European Union. 4/ China, India, and North Africa. 5/
Algeria, Egypt, Morocco, and Tunisia. Totals may not add due to rounding.
October 2019
WASDE - 593 - 31

U.S. Quarterly Animal Product Production 1/

Year and Quarter Beef Pork Red Meat Broiler Turkey Total Red Meat Egg Milk
2/ Poultry 3/ & Poultry
Million Pounds Mil doz Bil lbs
2018 IV 6,862 7,031 13,952 10,588 1,518 12,239 26,191 2,331 53.4
Annual 26,872 26,315 53,417 42,601 5,878 49,018 102,435 9,115 217.6

2019 I 6,414 6,838 13,308 10,384 1,446 11,957 25,264 2,307 54.5
II 6,814 6,615 13,487 10,933 1,450 12,513 26,000 2,337 55.8
III 6,920 6,705 13,678 11,400 1,430 12,950 26,628 2,340 54.1
IV* 6,800 7,420 14,277 10,950 1,520 12,597 26,874 2,360 53.8
Annual
Sep Proj. 26,953 27,578 54,756 43,467 5,866 49,847 104,603 9,334 218.0
Oct Proj. 26,948 27,578 54,750 43,667 5,846 50,017 104,767 9,344 218.2

2020 I* 6,525 7,180 13,762 10,640 1,450 12,216 25,978 2,330 55.6
II* 7,150 6,825 14,031 11,190 1,460 12,792 26,823 2,350 56.5
III* 6,955 6,990 14,000 11,565 1,465 13,173 27,173 2,360 54.8
Annual
Sep Proj. 27,670 28,410 56,308 44,000 5,930 50,476 106,784 9,410 221.2
Oct Proj. 27,670 28,680 56,578 44,385 5,910 50,841 107,419 9,420 221.6

* 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


Steers Barrows Broilers Turkeys Eggs Milk
Year and Quarter 2/ and gilts 4/ 5/ 6/ 7/
3/
Dol./cwt Dol./cwt Cents/lb. Cents/lb. Cents/doz. Dol./cwt
2018 IV 115.32 42.77 86.7 81.4 125.6 17.07
Annual 117.12 45.93 97.8 80.2 137.6 16.26

2019 I 125.27 40.67 94.0 82.8 107.3 16.97


II 118.79 57.95 97.7 85.5 69.7 17.93
III 108.16 50.08 82.0 90.8 81.9 19.00
IV* 110.00 47.00 77.0 95.0 100.0 19.60
Annual
Sep Proj. 113.5 49.5 87.0 88.5 90.5 18.35
Oct Proj. 115.50 49.00 87.50 88.50 89.50 18.40

2020 I* 120.00 54.00 89.0 86.0 87.0 19.00


II* 117.00 59.00 100.0 88.0 88.0 18.65
III* 113.00 61.00 90.0 91.0 105.0 18.85
Annual
Sep Proj. 115 59 92 90 99 18.85
Oct Proj. 116 58 91 90 99 18.85

*Projection. 1/ Simple average of months. 2/ 5-Area, Direct, Total all grades 3/ National Base, Live equiv 51-52% lean. 4/ Wholesale,
National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, New York, volume buyers. 7/ Prices received by
farmers for all milk.
October 2019
WASDE - 593 - 32

U.S. Meats Supply and Use

Beginning Production Total Ending Total Per Capita


Item
stocks 1/ Imports Supply Exports Stocks Use 2/ 3/
Million Pounds /4
Beef 2018 649 26,938 2,998 30,585 3,161 662 26,762 57.2
2019 Proj. Sep 662 27,019 3,030 30,711 3,141 670 26,900 57.2
Oct 662 27,014 3,030 30,706 3,126 675 26,905 57.2
2020 Proj. Sep 670 27,736 2,960 31,366 3,245 675 27,446 58.0
Oct 675Filler
27,736
Filler
2,870Filler
31,281Filler
3,305 Filler
675Filler
27,301
Filler
57.7
Filler

Pork 2018 554 26,330 1,042 27,926 5,876 559 21,491 50.9
2019 Proj. Sep 559 27,592 956 29,107 6,530 600 21,977 51.8
Oct 559 27,592 956 29,107 6,580 590 21,937 51.7
2020 Proj. Sep 600 28,424 915 29,939 7,065 640 22,234 52.1
Oct 590Filler
28,694
Filler
915Filler
30,199
Filler
7,300Filler
630Filler
22,269
Filler
52.1
Filler

Total Red 2018 1,246 53,507 4,313 59,066 9,043 1,266 48,757 109.5
Meat 5/ 2019 Proj. Sep 1,266 54,845 4,244 60,355 9,678 1,310 49,367 110.2
Oct 1,266 54,839 4,239 60,344 9,713 1,310 49,321 110.1
2020 Proj. Sep 1,310 56,398 4,144 61,852 10,317 1,353 50,182 111.4
Oct 1,310Filler
56,668
Filler
4,029Filler
62,007
Filler
10,612Filler
1,344
Filler
50,051
Filler
111.1
Filler

Broiler 2018 856 42,145 139 43,140 7,069 845 35,227 92.4
2019 Proj. Sep 845 43,002 130 43,976 7,131 845 36,001 93.9
Oct 845 43,200 130 44,174 7,111 895 36,169 94.3
2020 Proj. Sep 845 43,529 132 44,506 7,250 840 36,416 94.4
Oct 895Filler
43,910
Filler
132Filler
44,937
Filler
7,250Filler
870Filler
36,817
Filler
95.4
Filler

Turkey 2018 310 5,878 19 6,206 611 303 5,293 16.2


2019 Proj. Sep 303 5,866 15 6,184 627 295 5,261 16.0
Oct 303 5,846 13 6,162 637 265 5,259 16.0
2020 Proj. Sep 295 5,930 16 6,241 630 310 5,301 16.0
Oct 265Filler
5,910
Filler
16Filler
6,191
Filler
660Filler
285Filler
5,246
Filler
15.8
Filler

Total 2018 1,170 48,562 160 49,892 7,764 1,153 40,975 110.0
Poultry 6/ 2019 Proj. Sep 1,153 49,381 147 50,682 7,837 1,147 41,698 111.2
Oct 1,153 49,549 145 50,847 7,830 1,167 41,851 111.6
2020 Proj. Sep 1,147 50,005 151 51,303 7,960 1,158 42,185 111.8
Oct 1,167Filler
50,365
Filler
151Filler
51,683
Filler
7,990Filler
1,163
Filler
42,530
Filler
112.7
Filler

Red Meat & 2018 2,416 102,069 4,473 108,958 16,807 2,419 89,732 219.5
Poultry 2019 Proj. Sep 2,419 104,227 4,392 111,037 17,515 2,457 91,065 221.4
Oct 2,419 104,389 4,384 111,192 17,543 2,477 91,172 221.7
2020 Proj. Sep 2,457 106,402 4,295 113,154 18,277 2,511 92,366 223.2
Oct 2,477 107,033 4,180 113,690 18,602 2,507 92,581 223.8

1/ Total including farm production for red meats and, for poultry, federally inspected plus non-federally inspected, less
condemnations. 2/ Pounds, retail-weight basis for red meat and broilers; certified ready-to-cook weight for turkey. 3/
Population source: Dept. of Commerce. 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.
October 2019
WASDE - 593 - 33

U.S. Egg Supply and Use

2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj.
Commodity
Sep Oct Sep Oct
Eggs Million Dozen
Supply
Beginning Stocks 142.2 87.5 78.8 78.8 95.0 104.0
Production 8,942.7 9,114.6 9,334.0 9,344.0 9,410.0 9,420.0
Imports 34.2 17.8 16.5 15.5 16.0 16.0
Total Supply 9,119.1 9,220.0 9,429.3 9,438.3 9,521.0 9,540.0
Use
Exports 354.9 333.1 314.3 314.3 300.0 300.0
Hatching Use 1,035.2 1,057.5 1,068.1 1,073.1 1,090.0 1,090.0
Ending Stocks 87.5 78.8 95.0 104.0 95.0 108.0
Disappearance
Total 7,641.5 7,750.6 7,951.8 7,946.8 8,036.0 8,042.0
Per Capita (number) 281.8 284.0 289.7 289.5 291.0 291.2
Total

U.S. Milk Supply and Use

2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj.
Commodity
Sep Oct Sep Oct
Milk Billion Pounds
Production 215.5 217.6 218.0 218.2 221.2 221.6
Farm Use 1.0 1.0 1.0 1.0 1.0 1.0
Fat Basis Supply
Beg. Commercial Stocks 12.7 13.4 13.8 13.8 13.0 13.0
Marketings 214.5 216.6 217.0 217.1 220.2 220.5
Imports 6.0 6.3 7.0 7.0 6.9 6.5
Total Cml. Supply 233.2 236.3 237.7 237.9 240.1 240.0
Fat Basis Use
Commercial Exports 9.2 10.4 9.3 9.0 9.6 9.3
Ending Commercial Stocks 13.4 13.8 13.0 13.0 13.0 12.8
CCC Donations 0.0 0.0 0.2 0.2 0.2 0.2
Domestic Commercial Use 210.6 212.1 215.2 215.7 217.3 217.8
Skim-solid Basis Supply
Beg. Commercial Stocks 9.5 11.8 10.7 10.7 10.0 10.4
Marketings 214.5 216.6 217.0 217.1 220.2 220.5
Imports 6.1 5.5 5.9 5.9 5.6 5.5
Total Cml. Supply 230.1 233.8 233.5 233.7 235.9 236.4
Skim-solid Basis Use
Commercial Exports 40.8 44.7 40.2 40.0 42.6 43.0
Ending Commercial Stocks 11.8 10.7 10.0 10.4 9.8 9.5
CCC Donations 0.0 0.0 0.2 0.2 0.1 0.1
Domestic Commercial Use 177.5 178.5 183.2 183.1 183.4 183.8
Total

Note: Totals may not add due to rounding.


October 2019
WASDE - 593 - 34

U.S. Dairy Prices

2017 2018 2019 Proj. 2019 Proj. 2020 Proj. 2020 Proj.
Commodity
Sep Oct Sep Oct
Product Prices 1/ Dollars Per Pound
Cheese 1.6344 1.5377 1.700 1.710 1.775 1.790
Butter 2.3303 2.2572 2.265 2.260 2.225 2.200
Nonfat Dry Milk 0.8666 0.7945 1.015 1.020 1.035 1.040
Dry Whey
Filler
0.4437 0.3422 0.390 0.390 0.375 0.375
Dollars Per Cwt
Milk Prices 2/
Class III 16.17 14.61 16.45 16.55 17.05 17.20
Class IV 15.16 14.23 16.15 16.20 16.15 16.10
All Milk 3/ 17.65 16.26 18.35 18.40 18.85 18.85

1/ Simple average of monthly prices calculated by AMS from weekly average dairy product prices for class price
computations. 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.
October 2019
WASDE - 593 - 35

Reliability of October Projections 1/


Note: Tables on pages 35-37 present a record of the October projection and the final Estimate. Using world wheat production as an example, the "root mean
square error" means that chances are 2 out of 3 that the current forecast will not be above or below the final estimate by more than 1.7 percent. Chances are
9 out of 10 (90% confidence level) that the difference will not exceed 2.8 percent. The average difference between the October projection and the final
estimate is 7.3 million tons, ranging from 0.1 million to 26.7 million tons. The October projection has been below the estimate 27 times and above 10 times.
Differences between forecast and final estimate
90 percent Years
Commodity and Root mean confidence Below Above
Region square error interval Average Smallest Largest Final Final
WHEAT Percent Million Metric Tons
Production
World 1.7 2.8 7.3 0.1 26.7 27 10
U.S. 0.5 0.8 0.2 0.0 1.2 12 16
Foreign 1.9 3.2 7.3 0.1 26.8 27 10
Exports
World 5.6 9.6 5.9 0.0 19.3 28 8
U.S. 8.4 14.2 2.3 0.3 10.0 16 21
Foreign 6.7 11.4 5.5 0.5 17.3 30 7
Domestic Use
World 1.5 2.5 6.5 0.5 22.7 21 16
U.S. 6.1 10.3 1.6 0.1 3.6 10 27
Foreign 1.5 2.6 6.5 0.2 20.3 22 15
Ending Stocks
World 8.0 13.5 9.9 0.6 32.5 29 8
U.S. 11.6 19.7 2.2 0.0 6.8 22 15
Foreign 8.5 14.3 8.4 0.0 29.3 29 8
COARSE GRAINS 2/
Production
World 1.9 3.3 15.7 0.8 51.9 29 8
U.S. 2.7 4.6 4.6 0.1 17.9 22 15
Foreign 2.5 4.3 15.1 0.6 61.4 30 7
Exports
World 7.3 12.4 7.3 0.1 28.9 25 12
U.S. 15.8 26.9 6.9 0.7 19.3 17 20
Foreign 13.1 22.2 7.6 0.6 21.4 24 13
Domestic Use
World 1.6 2.6 12.4 0.2 42.4 24 13
U.S. 3.7 6.2 5.7 0.0 17.0 19 18
Foreign 1.8 3.0 11.0 0.0 42.1 25 12
Ending Stocks
World 13.8 23.5 18.7 0.2 170.0 29 8
U.S. 22.2 37.7 8.8 0.5 29.1 20 17
Foreign 16.9 28.7 16.2 0.7 153.5 32 5
RICE, milled
Production
World 2.3 3.9 6.4 0.0 20.9 29 7
U.S. 3.3 5.6 0.2 0.0 0.5 21 16
Foreign 2.3 3.9 6.4 0.1 21.0 29 8
Exports
World 9.3 15.8 1.7 0.1 6.3 27 10
U.S. 10.4 17.6 0.2 0.0 0.8 19 16
Foreign 10.6 18.0 1.7 0.0 6.3 27 10
Domestic Use
World 1.8 3.1 4.3 0.3 20.3 29 8
U.S. 7.8 13.3 0.2 0.0 0.6 18 18
Foreign 1.9 3.2 4.3 0.1 20.7 29 8
Ending Stocks
World 11.5 19.5 5.8 0.2 26.6 29 8
U.S. 23.6 40.0 0.2 0.0 0.8 20 16
Foreign 12.1 20.5 5.9 0.1 26.6 30 7
1/ Footnotes at end of table. CONTINUED
October 2019
WASDE - 593 - 36

Reliability of October Projections (Continued) 1/


Differences between forecast and final estimate
90 percent Years
Commodity and Root mean confidence Below Above
Region square error interval Average Smallest Largest Final Final
SOYBEANS Percent Million Metric Tons
Production
World 4.4 7.5 6.7 0.1 28.7 19 18
U.S. 2.9 4.8 1.5 0.0 4.0 16 21
Foreign 7.2 12.1 6.6 0.0 28.1 18 19
Exports
World 7.6 12.8 3.7 0.3 13.0 23 14
U.S. 11.5 19.5 2.8 0.1 8.6 23 14
Foreign 17.9 30.4 2.8 0.1 11.4 17 20
Domestic Use
World 3.1 5.3 4.4 0.0 14.0 22 15
U.S. 3.8 6.5 1.4 0.0 4.5 24 12
Foreign 3.8 6.5 4.2 0.1 11.0 23 14
Ending Stocks
World 17.5 29.8 5.0 0.3 18.6 21 16
U.S. 43.6 73.9 2.2 0.0 6.6 7 30
Foreign 19.2 32.6 4.4 0.3 19.9 20 17
COTTON Million 480-Pound Bales
Production
World 4.5 7.6 2.9 0.0 10.9 20 16
U.S. 4.6 7.8 0.6 0.0 1.7 22 15
Foreign 5.2 8.8 2.7 0.0 10.5 19 17
Exports
World 7.7 13.0 1.9 0.1 8.5 22 15
U.S. 17.7 30.1 1.1 0.1 3.1 22 15
Foreign 10.4 17.7 1.5 0.1 8.3 19 18
Domestic Use
World 3.9 6.6 3.0 0.1 11.7 17 20
U.S. 7.9 13.4 0.4 0.0 1.2 18 18
Foreign 4.0 6.7 3.0 0.0 10.9 17 20
Ending Stocks
World 13.3 22.6 4.9 0.0 15.1 22 14
U.S. 32.5 55.2 1.2 0.0 4.3 10 26
Foreign 14.3 24.3 4.6 0.2 15.6 26 11
1/ Marketing years 1981/82 through 2018/19 for grains, soybeans and cotton, with the exception of 2013/14. There was no
WASDE published in October 2013, due to a partial government shutdown, so no 2013/14 forecasts were published for
that month. Final for grains, soybeans and cotton is defined as the first November estimate following the marketing year for
1981/82 through 2017/18, and for 2018/19 the last month’s estimate. 2/ Includes corn, sorghum, barley, oats, rye, millet,
and mixed grain.
October 2019
WASDE - 593 - 37

Reliability of United States October Projections 1/


Differences between forecast and final estimate
90 percent Years
Root mean confidence Below Above
square error interval Average Smallest Largest Final Final
CORN Percent Million Bushels
Production 2.8 4.8 181 5 618 21 16
Exports 16.3 27.7 248 12 700 17 20
Domestic Use 4.0 6.7 227 5 600 21 16
Ending Stocks 25.0 42.5 328 18 1,187 20 17
SORGHUM
Production 4.8 8.2 19 0 71 21 15
Exports 24.4 41.3 38 1 130 20 17
Domestic Use 18.9 32.1 37 0 125 18 18
Ending Stocks 48.3 82.0 29 0 142 13 23
BARLEY
Production 1.5 2.5 4 0 24 9 15
Exports 53.2 90.3 11 0 38 15 17
Domestic Use 7.7 13.1 18 0 70 12 24
Ending Stocks 13.7 23.3 14 1 56 24 13
OATS
Production 2.5 4.2 2 0 18 6 11
Exports 91.4 155.2 1 0 8 9 12
Domestic Use 5.4 9.2 11 0 39 13 23
Ending Stocks 23.1 39.3 15 1 47 26 11
SOYBEAN MEAL Thousand Short Tons
Production 3.6 6.2 1,090 105 2,815 25 12
Exports 11.7 19.9 758 0 2,200 21 15
Domestic Use 3.5 5.9 763 45 2,650 21 16
Ending Stocks 32.6 55.3 50 0 198 15 15
SOYBEAN OIL Million Pounds
Production 3.8 6.5 515 1 1,473 27 10
Exports 29.8 50.5 372 25 1,525 21 16
Domestic Use 3.9 6.6 445 20 1,928 25 12
Ending Stocks 26.4 44.9 399 35 1,327 18 19
ANIMAL PROD. Million Pounds
Beef 3.9 6.7 783 18 2,461 23 13
Pork 3.2 5.4 404 2 1,592 19 17
Broilers 1.9 3.1 425 23 1,337 22 14
Turkeys 3.7 6.3 141 2 444 19 17
Million Dozen
Eggs 1.8 3.1 102 4 468 24 12
Billion Pounds
Milk 1.5 2.5 1.7 0.0 6.8 18 13
1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through
2018/19 for grains, soybeans, and cotton, with the exception of 2013/14. Final for grains, soybeans, and cotton is defined as
the first November estimate following the marketing year for 1981/82 through 2017/18, and for 2018/19 the last month’s
estimate. Calendar years 1982 through 2018 for meats, eggs, and milk, with the exception of 2013. Final for animal
products is defined as the latest annual production estimate published by NASS for 1982-2018. There was no WASDE
published in October 2013, due to a partial government shutdown, so no 2013/14 forecasts in that month were published
for grains, soybeans, and cotton, and no 2013 forecast was published in that month for animal products.
WASDE-593-38

Related USDA Reports

The WASDE report incorporates information from a number of statistical reports published by USDA and
other government agencies. In turn, the WASDE report provides a framework for more detailed reports
issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on
how the WASDE report is prepared, go to: http://www.usda.gov/oce/commodity/wasde.

Supply and Demand Database

The Foreign Agricultural Service publishes Production, Supply, and Demand Online, a comprehensive
database of supply and demand balances by commodity for 190 countries and regions at
https://apps.fas.usda.gov/psdonline/app/index.html. Data for grains, oilseeds, and cotton are updated
monthly and data for other commodities are updated less frequently.

Foreign Production Assessments

Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE
report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign
Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/.

Metric Conversion Factors

1 Hectare = 2.4710 Acres


1 Kilogram = 2.20462 Pounds
Metric-Ton Equivalent = Domestic Unit Factor
Wheat & Soybeans bushels .027216
Rice cwt .045359
Corn, Sorghum, & Rye bushels .025401
Barley bushels .021772
Oats bushels .014515
Sugar short tons .907185
Cotton 480-lb bales .217720
For complete WASDE tables and previous month’s report visit
https://www.usda.gov/oce/commodity/wasde/

To subscribe to receive WASDE-related notifications by email or text message visit


https://public.govdelivery.com/accounts/USDAOC/subscriber/new?topic_id=USDAOC_223.

Previous WASDE reports are available at


https://usda.library.cornell.edu/concern/publications/3t945q76s?locale=en

For questions contact: Mirvat Sewadeh at 202-720-5447 or [email protected]

World Agricultural Supply and Demand Estimates


WASDE-593 – October 10, 2019

The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and
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beliefs, sexual orientation, and marital or family status. (Not all prohibited bases apply to all
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