Usda 2011 Latest

ISSN: 1554-9089
World Agricultural Supply

and Demand Estimates
United States Department of Agriculture
Office of the
Chief Economist
WASDE - 494
Agricultural Marketing Service

Farm Service Agency
Economic Research Service

Foreign Agricultural Service
Approved by the World Agricultural Outlook Board
May 11, 2011
Note: This report presents USDAs initial assessment of U.S. and world crop supply and demand prospects and
U.S. prices for the 2011/12 season. Also presented are the first calendar-year 2012 projections of U.S. livestock,
poultry, and dairy products. Projections reflect economic analysis, normal weather, trends, and judgment.
Because spring planting is still underway in the Northern Hemisphere and remains several months away in the
Southern Hemisphere, these projections are highly tentative. Forecasts for U.S. winter wheat area, yield, and
production are from the May 11 Crop Production report. For other U.S. crops, the March 31 Prospective
Plantings report is used for planted acreage. Methods used to project harvested acreage and yield are noted in
each table.
WHEAT: The 2011/12 outlook for U.S. wheat is for reduced supplies with lower carryin and production than
in 2010/11. Beginning stocks for 2011/12 are down 14 percent from 2010/11, but remain the second highest
in a decade. All-wheat production is projected at 2,043 million bushels, down 7 percent from 2010/11. The
survey-based forecast of winter wheat production is down 4 percent, as lower expected harvested area and
yields in Colorado, Kansas, Oklahoma, and Texas sharply reduce Hard Red Winter (HRW) wheat
production. Partly offsetting is higher production of Soft Red Winter (SRW) wheat with a rebound in area
and higher forecast yields. Spring wheat production is expected lower despite higher expected planted area
for other spring wheat. A return to trend yields from record levels of the previous 2 years is expected to
reduce durum and other spring wheat production. U.S. wheat supplies for 2011/12 are projected at 2,992
million bushels, down 9 percent from 2010/11.
Total U.S. wheat use for 2011/12 is projected down 7 percent as lower projected exports more than offset
higher expected domestic use. Food use is projected at 945 million bushels, up 15 million from 2010/11 as
flour extraction rates are expected to decline modestly from their historical highs during the past 3 years and
consumption grows slightly driven by slowly rising population. Feed and residual use is projected at 220
million bushels, up 50 million from the 2010/11 projection as higher corn prices and a rebound in SRW
production encourage more summer quarter wheat feeding.
U.S. exports are projected at 1,050 million bushels, down 225 million from the 2010/11 projection. Export
prospects are sharply diminished with reduced HRW production and increasing competition as Black Sea
production and exports are projected to rebound. U.S. ending stocks are expected to continue their decline
from the recent high in 2009/10. At a projected 702 million bushels, 2011/12 ending stocks are expected
down 137 million from 2010/11 and 274 million below 2009/10. The season-average farm price for all wheat
is projected at a record $6.80 to $8.20 per bushel, compared with $5.65 for 2010/11.
Global wheat supplies for 2011/12 are projected 1 percent higher as a projected 25.9-million-ton increase in
foreign production more than offsets lower beginning stocks and the drop in U.S. production. At the
projected 669.6 million tons, global production for 2011/12 would be up 21.4 million from 2010/11. A sharp
rebound in FSU-12 production, combined with larger expected crops in India, North Africa, Canada, and EU27 account for most of the increase in world wheat output for 2011/12.
Global wheat trade is expected higher in 2011/12 with world exports projected up 2 percent to 127.3 million
tons. Increased supplies in Russia, Ukraine, and Kazakhstan and a return to exporting are expected to
increase competition for EU-27 and U.S. wheat. A recovery in production and improved wheat quality in
Canada is also expected to increase export competition. Global wheat consumption is projected up 8.4
million tons or 1 percent with increased feeding and food use expected in 2011/12. Global ending stocks for
2011/12 are projected slightly lower on the year at 181.3 million tons, compared with 182.2 million for
2010/11.
WASDE-494-2
COARSE GRAINS: Projected U.S. feed grain supplies for 2011/12 are nearly unchanged from 2010/11 as
record production is offset by the smallest beginning stocks in 15 years. Corn production for 2011/12 is
projected at a record 13.5 billion bushels, up 1.1 billion from 2010/11 as a 4.0-million-acre increase in
intended plantings and a recovery from last years weather-reduced yields boost expected output. The
2011/12 corn yield is projected at 158.7 bushels per acre, 3.0 bushels below the 1990-2010 trend reflecting
the slow pace of planting progress through early May. The 2011/12 yield is expected to be the third highest
on record. Corn supplies for 2011/12 are projected at 14.3 billion bushels. This is below the 2009/10 record
of 14.8 billion bushels, but up 75 million from 2010/11, as a 5-million-bushel increase in 2010/11 imports and
a 50-million-bushel reduction in 2010/11 exports boost current year carryout this month.
Total U.S. corn use for 2011/12 is projected down 1 percent from 2010/11. Corn use for ethanol is projected
up 50 million bushels reflecting slow expected growth in gasoline consumption and continued export
demand for ethanol in the coming year. Domestic corn feed and residual use is projected 50 million bushels
lower than in 2010/11 reflecting increased availability of feed by-products from ethanol production and lower
expected residual use as compared with the current year. U.S. corn exports for 2011/12 are projected down
100 million bushels from 2010/11 with larger foreign corn supplies. U.S. corn ending stocks for 2011/12 are
projected at 900 million bushels, up 170 million from the current year projection. Stocks remain historically
tight with stocks-to-use projected at 6.7 percent compared with the current year projection of 5.4 percent.
The season-average farm price is projected at a record $5.50 to $6.50 per bushel compared with the
2010/11 forecast of $5.10 to $5.40 per bushel.
Global coarse grain production for 2011/12 is projected at a record 1,146.8 million tons, up 6 percent from
2010/11. A 52.4-million-ton increase in global corn output to 867.7 million tons accounts for 84 percent of
the year-to-year increase in coarse grain production. Foreign corn production is projected up 25.5 million
tons with the largest increases expected in Argentina, China, Russia, Mexico, and Ukraine. Global 2011/12
production is raised for barley, oats, and rye, mostly reflecting a recovery in production in Russia. World
production for all three crops remains below recent highs as more attractive returns for corn and oilseeds
limit area expansion in these traditional coarse grains. Global corn exports are projected higher for 2011/12
with increases for Argentina, Russia, and Ukraine more than offsetting reductions for the United States,
Canada, and Brazil. Global corn consumption is projected at a record 860.8 million tons, up 22.2 million
from 2010/11, with nearly all of the increase in foreign markets. World corn ending stocks for 2011/12 are
projected at 129.1 million tons, up 7.0 million from 2010/11.
RICE: Projected smaller U.S. 2011/12 total rice supplies, combined with a modest decline in total use,
results in lower projected ending stocks. U.S. rice production in 2011/12 is projected at 211.0 million cwt, 13
percent below 2010/11. Planted area in 2011, based on the NASS Prospective Plantings report, is
estimated at 3.02 million acres, down 17 percent from 2010 and the smallest area since 2008. Harvested
area is estimated at 3.0 million acres. Average rice yield is projected at 7,033 pounds per acre, up 5 percent
from the previous years crop, which was damaged by excessive summer heat. The projected yield is
calculated from the 5-year Olympic average (2006/07-2010/11) by rice class. Imports for 2011/12 are
projected at 18.0 million cwt, up 3 percent from the previous year, but below the 2007/08 record.
U.S. 2011/12 total rice use is projected at a 236.0 million cwt, 2 percent below the previous years record
level. U.S. domestic and residual use is projected at a near-record 127.0 million, unchanged from 2010/11
as per capita use of rice has shown virtually no growth in recent years. Exports are projected at 109.0
million cwt, 5 percent below revised 2010/11 exports. Despite an expected increase in global trade,
competition for key markets will be keen as U.S. and competitor supplies are expected to be large. U.S.
ending stocks in 2011/12 are projected at 48.6 million cwt, 13 percent below the previous year. Ending
stocks of long-grain and combined medium- and short-grain rice are 32.8 and 14.4 million cwt, respectively
(unclassified broken rice totals 1.4 million cwt).
The average milling yield used for 2011/12 is 70.75 percent. It is based on the 2007/08-2009/10 average
milling rate calculated from data supplied by the USA Rice Federation in its monthly rice stocks reports. The
2010/11 market year is excluded from the calculation because milling yields are well below average, largely
the result of unfavorable weather.
WASDE-494-3
The U.S. 2011/12 long-grain rice season-average farm price is projected at $11.00 to $12.00 per cwt
compared to a revised $11.00 to $11.30 for the previous year. The combined medium- and short-grain price
is projected at $15.00 to $16.00 per cwt, compared to a revised $16.85 to $17.15 for the year earlier. The
2011/12 all rice price is projected at $12.00 to $13.00 per cwt, compared to a revised $12.35 to $12.65 per
cwt for 2010/11. Large domestic and global supplies and expected lower Asian prices will pressure U.S.
prices in 2011/12.
Global 2011/12 total supply and use are each projected to reach record levels at 554.9 and 458.7 million
tons, respectively, resulting in a modest decline in world ending stocks. Global 2011/12 rice production is
projected at a record 457.9 million tons, up 6.6 million or 1.5 percent from 2010/11. Large crops are
projected for most of Asia including record or near-record crops in Bangladesh, Burma, Cambodia,
Indonesia, the Philippines, Thailand, and Vietnam. In contrast, rice crops in many Western Hemisphere
nations including Argentina, Brazil, Peru, the United States, and Uruguay are forecast lower than the
previous year. Global 2011/12 consumption (which includes residual) is projected at a record, led by
increases for Bangladesh, Cambodia, China, Laos, Pakistan, Sri Lanka, and Thailand. Global exports in
2011/12 are projected at a marketing-year record 32.2 million tons, up 0.8 million from 2010/11 with
increases expected for India, Pakistan, and Vietnam, while exports from the U.S., Cambodia, and Brazil are
expected to decline. Larger imports are projected for Middle Eastern, Sub-Saharan Africa, and Western
Hemisphere markets, although the expected increases are slight. Global ending stocks are expected to
decline 0.9 million tons from 2010/11 to 96.2 million. The stocks-to-use ratio for 2011/12 is calculated at 21.0
percent, down from last year's 21.6 percent.
OILSEEDS: U.S. oilseed production for 2011/12 is projected at 99.0 million tons, down 1 percent from
2010/11. Reduced soybean production accounts for most of the decline, but sunflowerseed, canola, and
peanut production are all projected below last years crops. Soybean production is projected at 3.285 billion
bushels, down 44 million from the 2010 crop mostly due to lower harvested area. Soybean yields are
projected at a trend level of 43.4 bushels per acre, down 0.1 bushels from 2010. Soybean supplies are
projected at 3.47 billion bushels, down less than 1 percent from 2010/11 as larger beginning stocks partly
offset lower production. Soybean ending stocks for 2010/11 are projected at 170 million bushels, up 30
million from last month due to reduced exports.
Soybean crush for 2011/12 is projected at 1.655 billion bushels, up fractionally from 2010/11 as a lower
extraction rate offsets reduced total soybean meal demand. Lower soybean meal export demand projected
for 2011/12 is only partly offset by a small increase in domestic soybean meal use, leaving total soybean
meal use down 1 percent from 2010/11. Domestic soybean oil consumption is projected to increase 7
percent mostly due to biodiesel production gains. Soybean oil used for biodiesel production is projected at
3.5 billion pounds, up 1 billion from 2010/11 reflecting a higher biodiesel use mandate.
With lower 2011/12 U.S. soybean supplies and higher South American soybean supplies on hand this fall,
U.S. soybean exports are projected at 1.54 billion bushels, slightly below the 2010/11 level despite a
projected increase in global import demand led by China. Ending stocks for 2011/12 are projected at 160
million bushels, down 10 million from 2010/11, leaving the stocks-to-use ratio at 4.8 percent.
The U.S. season-average soybean price for 2011/12 is projected at $12.00 to $14.00 per bushel compared
with $11.40 per bushel in 2010/11. Soybean meal prices are forecast at $350 to $380 per short ton,
compared with $350 per ton for 2010/11. Soybean oil prices are projected at 56 to 60 cents per pound
compared with 53.5 cents for 2010/11.
Global oilseed production for 2011/12 is projected at a record 459.2 million tons, up 2.2 percent from
2010/11. Global soybean production is projected to increase less than 1 percent to 263.3 million tons. The
Argentina crop is projected at 53 million tons, up 3.5 million from 2010/11 crop based on a higher harvested
area and yields. The Brazil soybean crop is projected at 72.5 million tons, down 0.5 million from the
projected record 2010/11 crop. A 3 percent increase in harvested area is more than offset by a return to
trend yields. China soybean production is projected at 14.8 million tons, down 0.4 million from 2010/11 due
to lower area and yields. Higher rapeseed production for Canada, Australia, China, and Ukraine more than
offsets lower production for EU-27. For sunflowerseed, production gains for Russia, Ukraine, and EU-27
more than offset reduced production in Argentina. Led by gains in global oilseed production, 2011/12
WASDE-494-4
oilseed supplies are up 2.4 percent from 2010/11. With global crush projected to increase 3.5 percent,
global oilseed stocks are projected to decline 1.5 million tons to 72.2 million.
Global protein meal consumption is projected to increase 3.6 percent in 2011/12. Protein meal consumption
is projected to increase 7.8 percent in China, accounting for 54 percent of global protein consumption gains.
Global soybean exports are projected at 98.7 million tons, up 2.8 percent from 2010/11. China soybean
imports are projected at 58 million tons, up 3.5 million from 2010/11. Global vegetable oil consumption is
projected to increase 3.5 percent in 2011/12, led by increases for China, India.
SUGAR: Projected U.S. sugar supply for fiscal year 2011/12 is down 5 percent from 2010/11. Lower
imports more than offset higher beginning stocks and production. Beet sugar production is unchanged and
reflects trend yields, while cane sugar production increases with a rebound in Florida. Imports under the
tariff rate quota (TRQ) reflect the minimum of U.S. commitments to import raw and refined sugar and
projected shortfall. The Secretary will establish the TRQ at a later date. Imports from Mexico are sharply
lower due to reduced supplies and increased domestic use in Mexico. Total use is up less than 1 percent.
Mexicos 2011/12 sugar supply is down 3 percent with lower beginning stocks and imports more than
offsetting higher production. Production is projected to increase due to improved cultivation of sugarcane in
Mexico. Imports reflect mainly U.S. exports. Domestic sugar consumption is up, reflecting flat demand for
corn-based sweeteners in the soft drinks sector. Exports decline, assuming reasonable ending stocks.
For 2010/11, the major change from a month ago is higher U.S. imports following the announced increase in
the TRQ and a stronger-than-expected pace of imports from Mexico.
LIVESTOCK, POULTRY, AND DAIRY: Total U.S. meat production in 2012 is projected to be about
unchanged from 2011 as lower beef production largely offsets higher pork and poultry production. Declines
in cattle inventories will diminish the pool of cattle available for placement during 2012 which in turn will
reduce the number of fed cattle available for slaughter. Placements will also be constrained in 2012 if
producers begin rebuilding herds by retaining heifers from the 2011 calf crop for addition to the breeding
herd. Pork production is expected to increase gradually, largely due to increases in the number of pigs per
litter; growth in farrowings is expected to be modest. Both broiler and turkey production for 2012 are
forecast higher as returns improve following expected production cutbacks during the latter part of 2011.
However, as feed prices remain relatively high, the rate of expansion during the year is expected to be
modest. Little expansion is expected in 2012 egg production as returns during 2011 will be squeezed. Egg
production declines, which are forecast to begin in 2011, will likely carry into the first part of 2012 before
production increases.
The total meat production forecast for 2011 is raised from last month as higher beef, pork, and turkey
production more than offset a small decline in broiler production. Higher-than-expected first-quarter
placements of cattle on feed and continued relatively heavy cow slaughter support a higher beef forecast for
2011. Pork production is raised on continued heavy carcass weights. Broiler production is lowered from last
month. First quarter production was higher than expected but forecast production in the middle of the year
is reduced as poor returns are expected to weigh on the sector. The turkey production forecast is raised
from last month, with a more moderate decline in production forecasts for late in the year.
Tight supplies of U.S. beef and increasing supplies of competitor beef are expected to constrain U.S. beef
exports in 2012. Pork exports in 2012 are expected to increase from 2011 as world economic growth
supports demand for U.S. pork. Broiler exports are forecast higher for 2012 as the U.S. continues to
diversify its export markets. Beef imports are expected to be higher in 2012 as U.S. cow slaughter declines.
The 2011 red meat export forecast is unchanged from last month. Broiler exports are forecast lower than
last month on slower-than-expected sales to several markets.
In 2012, cattle prices are forecast to rise above 2011 as cattle supplies continue to tighten. Hog prices are
little changed from 2011. Broiler and egg prices are forecast to be above 2011 but turkey prices are forecast
lower. For 2011, cattle price forecasts are raised from last month as demand for fed cattle remains relatively
strong. Hog and broiler prices are unchanged from last month, but turkey and egg prices are forecast
higher.
WASDE-494-5
Milk production for 2012 is forecast to increase as the decline in milk cows is expected to be offset by growth
in milk per cow. Although inventories are expected to expand during 2011, weakening milk prices and
relatively high feed costs will set the stage for herds to contract slightly in 2012. Growth in milk production
also reflects an additional milking day in 2012. Commercial exports are forecast to increase as the global
economy improves. Imports will be lower as domestic supplies increase. With increasing domestic
production, cheese, butter, nonfat dry milk, and whey prices are forecast lower. Both Class III and Class IV
prices are forecast lower, consistent with the lower product price forecasts. The all milk price is forecast at
$17.35 to $18.35 per cwt for 2012.
Forecast milk production in 2011 is lowered from last month primarily reflecting slower growth in milk per
cow despite more rapid growth in cow numbers. Imports are reduced and exports are raised from last
month due to an increase in global dairy demand and a weak U.S. dollar. All dairy product prices are raised
from last month with Class prices increased to reflect higher product prices. The milk price is forecast to
average $18.95 to $19.45 per cwt.
COTTON: The U.S. cotton projections for 2011/12 include lower supplies and offtake relative to last
season, resulting in higher ending stocks. With beginning stocks sharply lower than 2010/11, production is
projected at 18.0 million bales, reducing the total supply. Projected production is based on planted area
from the March Prospective Plantings, combined with above-average abandonment and slightly belowaverage yields due to severe drought conditions in the Southwest. Domestic mill use is projected at 3.8
million bales, the same as 2010/11, while exports are reduced due to lower U.S. supplies and increased
foreign production. Ending stocks are projected at 2.5 million bales, 43 percent above 2010/11, but still the
second-lowest level since 1990/91. The forecast range for the average price received by producers is a
record 95.0 to 115.0 cents per pound.
The initial world cotton projections for 2011/12 show a sharp increase in production to a record 124.7 million
bales, with India, China, and Pakistan accounting for 70 percent of the increase. A partial easing of supply
constraints, combined with projected world economic growth, is anticipated to raise consumption 3.0 million
bales, above the 3 preceding years but below the peak levels of 2006/07 and 2007/08. World trade is
projected at 40 million bales, mainly reflecting higher import demand by China. World ending stocks are
projected to rise to nearly 48 million bales, a 13-percent increase from the beginning level; however, the
stocks-to-consumption ratio of 40 percent remains relatively tight.
For 2010/11, U.S. production is virtually unchanged from last month, reflecting the final season estimate.
Domestic mill use is raised 100,000 bales to 3.8 million, based on indications of higher-than-expected use
from Farm Service Agency data. Exports are reduced 250,000 bales as the pace of export sales has fallen
sharply over the past month. Ending stocks are now forecast at 1.75 million bales.
Estimated world production for 2010/11 is unchanged from last month, as an increase of 1.0 million bales for
China is offset by a like decrease for India. World consumption is reduced, due mainly to reductions for
India and Pakistan. Chinas imports are lowered 1.5 million bales due to a recent fall-off in demand, which is
partially offset by increased imports for Pakistan and Turkey. World ending stocks are raised nearly 1.0
million bales.
Approved by the Secretary of Agriculture and the Chairperson of the World Agricultural Outlook Board, Gerald
A. Bange, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates Committees.
APPROVED BY:
KATHLEEN A. MERRIGAN
ACTING SECRETARY OF AGRICULTURE
WASDE-494-6
INTERAGENCY COMMODITY ESTIMATES COMMITTEES
Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and
Demand Estimates (WASDE) report. The Boards analysts chair the Interagency Commodity
Estimates Committees (ICECs) that prepare the monthly report.
Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail: [email protected]

Gary Vocke, ERS; Teresa McKeivier, FAS; William Chambers, FSA.
Rice: Andrew C. Aaronson, ICEC Chair, WAOB, E-mail: [email protected]
Nathan Childs, ERS; Debbie Rubas, FAS; Mark Simone, FSA.
Feed Grains: Jerry Norton, ICEC Chair, WAOB, E-mail: [email protected]
Thomas Capehart, ERS; Richard O=Meara, FAS; Pete Riley, FSA.
Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail: [email protected]
Mark Ash, ERS; Bill George, FAS; Dale Leuck, FSA.
Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail: [email protected]
Darryl Earnest, AMS; Leslie Meyer, ERS; James Johnson, FAS; Eugene Rosera, FSA.
Sugar: John Love, ICEC Chair, WAOB, E-mail: [email protected]
Stephen Haley, ERS; Ron Lord, FAS; Barbara Fecso, FSA.
Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected]
Sherry Wise, AMS; Kenneth Mathews, ERS; Claire Mezoughem, FAS; Dale Leuck, FSA.
Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected]
Larry Haller, AMS; David Harvey, ERS; Anneke Gustafson, FAS; Milton Madison, FSA.
Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail: [email protected]
Jerry Cessna, AMS; Roger Hoskin, ERS; Paul Kiendl, FAS; Milton Madison, FSA.
In 2011, the WASDE report will be released on Jun. 9, Jul. 12, Aug. 11,
Sep. 12, Oct. 12, Nov. 9, Dec. 9.
WASDE-494-7
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
WASDE-494-8
May 2011
World and U.S. Supply and Use for Grains 1/

Million Metric Tons
===============================================================================
:
:
Total
:
: Total
: Ending
Commodity
:
Output :
Supply : Trade 2/ :
Use
: Stocks
===============================================================================
:
:
World
Total grains 3/
:
2009/10
: 2,233.90
2,687.57
290.00
2,200.73
486.84
2010/11 (Est.) : 2,184.36
2,671.20
270.68
2,233.59
437.62
2011/12 (Proj.) :
May
: 2,274.22
2,711.84
274.63
2,272.05
439.79
Wheat
:
2009/10
:
684.18
850.42
135.85
654.25
196.17
2010/11 (Est.) :
648.14
844.31
124.73
662.11
182.20
2011/12 (Proj.) :
May
:
669.55
851.75
127.34
670.49
181.26
Coarse grains 4/
:
2009/10
: 1,109.64
1,305.56
123.09
1,108.75
196.81
2010/11 (Est.) : 1,084.65
1,281.46
114.53
1,123.08
158.38
2011/12 (Proj.) :
May
: 1,146.82
1,305.19
115.05
1,142.83
162.36
Rice, milled
:
2009/10
:
440.08
531.59
31.07
437.73
93.86
2010/11 (Est.) :
451.58
545.44
31.43
448.40
97.04
2011/12 (Proj.) :
May
:
457.86
554.90
32.24
458.73
96.17
:
:
United States
Total grains 3/
:
2009/10
:
416.25
488.31
82.33
330.11
75.87
2010/11 (Est.) :
397.89
479.73
90.30
342.53
46.90
2011/12 (Proj.) :
May
:
418.57
471.54
81.36
343.44
46.73
Wheat
:
2009/10
:
60.37
81.46
23.98
30.93
26.55
2010/11 (Est.) :
60.10
89.65
34.70
32.11
22.84
2011/12 (Proj.) :
May
:
55.61
81.44
28.58
33.75
19.12
Coarse grains 4/
:
2009/10
:
348.76
398.13
54.84
295.16
48.13
2010/11 (Est.) :
330.23
380.79
52.04
306.42
22.33
2011/12 (Proj.) :
May
:
356.20
381.03
49.29
305.68
26.06
Rice, milled
:
2009/10
:
7.13
8.71
3.52
4.01
1.18
2010/11 (Est.) :
7.55
9.29
3.56
4.01
1.73
2011/12 (Proj.) :
May
:
6.77
9.07
3.50
4.01
1.56
===============================================================================
1/ Aggregate of local marketing years. 2/ Based on export estimate. See
individual commodity tables for treatment of export/import imbalances. 3/
Wheat, coarse grains and milled rice. 4/ Corn, sorghum, barley, oats, rye,
millet and mixed grains (for U.S. excludes millet and mixed grains).
WASDE-494-9
May 2011
World and U.S. Supply and Use for Grains, Continued 1/

Million Metric Tons
===============================================================================
:
:
Total
:
: Total
: Ending
Commodity
:
Output :
Supply : Trade 2/ :
Use
: Stocks
===============================================================================
:
:
Foreign 3/
Total grains 4/
:
2009/10
: 1,817.64
2,199.26
207.67
1,870.62
410.97
2010/11 (Est.) : 1,786.47
2,191.47
180.38
1,891.06
390.71
2011/12 (Proj.) :
May
: 1,855.65
2,240.29
193.26
1,928.61
393.05
Wheat
:
2009/10
:
623.81
768.96
111.87
623.31
169.62
2010/11 (Est.) :
588.03
754.66
90.03
630.00
159.36
2011/12 (Proj.) :
May
:
613.94
770.31
98.76
636.74
162.14
Coarse grains 5/
:
2009/10
:
760.89
907.43
68.25
813.59
148.68
2010/11 (Est.) :
754.42
900.67
62.49
816.67
136.04
2011/12 (Proj.) :
May
:
790.62
924.16
65.76
837.15
136.30
Rice, milled
:
2009/10
:
432.94
522.88
27.55
433.72
92.68
2010/11 (Est.) :
444.02
536.14
27.87
444.39
95.31
2011/12 (Proj.) :
May
:
451.09
545.83
28.74
454.72
94.61
===============================================================================
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
Commodity
:
Output :
Supply : Trade 2/ :
Use
: Stocks
===============================================================================
:
:
World
2009/10
:
101.39
161.93
35.57
118.40
44.28
2010/11 (Est.) :
114.60
158.88
37.00
116.51
42.52
2011/12 (Proj.) :
May
:
124.72
167.24
39.87
119.50
47.93
:
United States
2009/10
:
12.19
18.52
12.04
3.46
2.95
2010/11 (Est.) :
18.10
21.06
15.50
3.80
1.75
2011/12 (Proj.) :
May
:
18.00
19.76
13.50
3.80
2.50
:
Foreign 3/
2009/10
:
89.20
143.41
23.53
114.94
41.34
2010/11 (Est.) :
96.49
137.82
21.50
112.71
40.77
2011/12 (Proj.) :
May
:
106.72
147.48
26.37
115.70
45.43
===============================================================================
1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Total
Foreign is equal to world minus United States. See global cotton tables for
treatment of export/import imbalances.
WASDE-494-10
May 2011
World and U.S. Supply and Use for Oilseeds 1/

(Million Metric Tons)
===============================================================================
:
:
Total
:
:
Total
: Ending
Commodity
:
Output :
Supply : Trade :
Use 2/ : Stocks
===============================================================================
:
:
World
Oilseeds
:
2009/10
:
442.36
497.31
108.16
357.60
70.88
2010/11 (Est.) :
449.33
520.20
110.96
376.27
73.77
2011/12 (Proj.) :
May
:
459.16
532.93
115.51
389.45
72.23
Oilmeals
:
2009/10
:
243.67
249.91
72.04
238.88
7.38
2010/11 (Est.) :
258.14
265.52
77.33
254.81
7.73
2011/12 (Proj.) :
May
:
266.42
274.15
78.67
263.68
7.80
Vegetable Oils
:
2009/10
:
140.20
153.55
58.28
137.79
13.07
2010/11 (Est.) :
145.80
158.86
60.41
145.06
11.02
2011/12 (Proj.) :
May
:
151.53
162.55
62.71
150.28
10.08
:
:
United States
Oilseeds
:
2009/10
:
98.90
105.59
41.77
51.45
5.55
2010/11 (Est.) :
100.38
106.88
43.16
49.34
5.97
2011/12 (Proj.) :
May
:
98.99
105.89
42.84
49.50
5.49
Oilmeals
:
2009/10
:
40.05
41.64
10.32
30.98
0.34
2010/11 (Est.) :
38.40
40.61
8.47
31.81
0.33
2011/12 (Proj.) :
May
:
38.14
40.43
8.04
32.05
0.33
Vegetable Oils
:
2009/10
:
10.05
15.13
1.95
11.22
1.96
2010/11 (Est.) :
9.89
15.14
2.02
11.60
1.53
2011/12 (Proj.) :
May
:
9.80
14.78
1.21
12.23
1.35
:
:
Foreign 3/
Oilseeds
:
2009/10
:
343.46
391.72
66.39
306.15
65.33
2010/11 (Est.) :
348.95
413.33
67.80
326.93
67.80
2011/12 (Proj.) :
May
:
360.17
427.03
72.68
339.95
66.74
Oilmeals
:
2009/10
:
203.62
208.27
61.72
207.90
7.04
2010/11 (Est.) :
219.74
224.91
68.86
223.00
7.40
2011/12 (Proj.) :
May
:
228.28
233.72
70.63
231.63
7.47
Vegetable Oils
:
2009/10
:
130.15
138.42
56.34
126.57
11.11
2010/11 (Est.) :
135.91
143.72
58.39
133.46
9.49
2011/12 (Proj.) :
May
:
141.74
147.77
61.49
138.05
8.73
===============================================================================
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.
WASDE-494-11
May 2011
U.S. Wheat Supply and Use 1/

===============================================================================
:
:
:
2011/12 Projections
Item
: 2009/10 : 2010/11 :==============================
:
:
Est. :
May
===============================================================================
Area
:
Million acres
Planted
:
59.2
53.6
58.0 *
Harvested
:
49.9
47.6
48.0 *
Yield per harvested
:
Bushels
acre
:
44.5
46.4
42.5 *
:
Million bushels
Beginning stocks
:
657
976
839
Production
: 2,218
2,208
2,043
Imports
:
119
110
110
Supply, total
: 2,993
3,294
2,992
Food
:
919
930
945
Seed
:
69
80
75
Feed and residual
:
148
170
220
Domestic, total
: 1,137
1,180
1,240
Exports
:
881
1,275
1,050
Use, total
: 2,018
2,455
2,290
Ending stocks
:
976
839
702
CCC inventory
:
0
0
Free stocks
:
976
839
Outstanding loans
:
51
15
Avg. farm price ($/bu) 2/
:
4.87
5.65
6.80- 8.20
===============================================================================
U.S. Wheat by Class: Supply and Use
===============================================================================
Year beginning
: Hard :
Hard : Soft :
:
:
June 1
: Winter : Spring : Red
: White : Durum : Total
===============================================================================
2010/11 (estimated)
:
Million bushels
Beginning stocks
:
385
234
242
80
35
976
Production
: 1,018
570
238
275
107
2,208
Supply, total 3/
: 1,404
836
510
364
180
3,294
Domestic use
:
459
286
241
101
93
1,180
Exports
:
620
330
105
180
40
1,275
Use, total
: 1,079
616
346
281
133
2,455
Ending stocks
May :
325
220
164
83
47
839
Apr :
325
215
169
83
47
839
===============================================================================
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. * Planted acres reported in the March 31, 2011, "Prospective
Plantings." Harvested acres and yield for other spring wheat and durum are
projected using 10-year harvested-to-planted ratios by state and 1985-2008
yield trends by state (except Idaho durum). Trends did not include 2009 or
2010 as U.S. other spring wheat and durum yields were the highest ever in these
years because of unusually favorable weather. Winter wheat harvested acres and
yield reported in the May 11, 2011,"Crop Production."
******************************************************************************
*
*
*
*
*
Wheat-by-class projections for 2011/12 will first be published
*
*
in the July 12, 2011, WASDE.
*
*
*
*
*
******************************************************************************
WASDE-494-12
May 2011
U.S. Feed Grain and Corn Supply and Use 1/

===============================================================================
:
:
:
2011/12 Projections
Item
: 2009/10 : 2010/11 :==============================
:
:
Est. :
May
===============================================================================
FEED GRAINS
:
Area
:
Million acres
Planted
: 100.0
99.6
103.6 *
Harvested
:
89.5
90.0
93.7 *
Yield per harvested
:
Metric tons
acre
:
3.90
3.67
3.80
:
Million metric tons
Beginning stocks
:
47.0
48.1
22.3
Production
: 348.6
330.0
356.0
Imports
:
2.2
2.3
2.4
Supply, total
: 397.8
380.4
380.7
Feed and residual
: 137.1
136.5
134.4
Food, seed & industrial
: 157.8
169.6
171.0
Domestic, total
: 294.9
306.1
305.4
Exports
:
54.8
52.0
49.3
Use, total
: 349.7
358.1
354.7
Ending stocks, total
:
48.1
22.3
26.0
CCC inventory
:
0.0
0.0
Free stocks
:
48.1
22.3
Outstanding loans
:
3.9
2.6
:
CORN
:
Area
:
Million acres
Planted
:
86.4
88.2
92.2 *
Harvested
:
79.5
81.4
85.1 *
Yield per harvested
:
Bushels
acre
: 164.7
152.8
158.7 *
:
Million bushels
Beginning stocks
: 1,673
1,708
730
Production
: 13,092
12,447
13,505
Imports
:
8
25
20
Supply, total
: 14,774
14,180
14,255
Feed and residual
: 5,140
5,150
5,100
Food, seed & industrial 2/ : 5,939
6,400
6,455
Ethanol & by-products 3/
: 4,568
5,000
5,050
Domestic, total
: 11,079
11,550
11,555
Exports
: 1,987
1,900
1,800
Use, total
: 13,066
13,450
13,355
: 1,708
730
900
CCC inventory
:
0
0
Free stocks
: 1,708
730
Outstanding loans
:
147
100
:
3.55 5.10- 5.40
5.50- 6.50
===============================================================================
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/feedgrains. 3/ Corn
processed in ethanol plants to produce ethanol and co-products including
distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/
Marketing-year weighted average price received by farmers. * Planted acres
reported in the March 31, 2011, "Prospective Plantings." For corn, harvested
acres projected based on historical abandonment and derived demand for silage.
Projected corn yield based on the simple linear trend of the national average
yield for 1990-2010 adjusted for 2011 planting progress.
WASDE-494-13
May 2011
U.S. Sorghum, Barley and Oats Supply and Use 1/

===============================================================================
:
:
:
2011/12 Projections
Item
: 2009/10 : 2010/11 :==============================
:
:
Est. :
May
===============================================================================
:
Million bushels
SORGHUM
:
Area planted (mil. acres)
:
6.6
5.4
5.6 *
Area harv. (mil. acres)
:
5.5
4.8
4.9 *
Yield (bushels/acre)
:
69.4
71.8
65.3 *
Beginning stocks
:
55
41
32
Production
:
383
345
320
Imports
:
0
0
0
Supply, total
:
438
387
352
Feed and residual
:
140
120
90
:
90
95
95
Total domestic
:
230
215
185
Exports
:
166
140
130
Use, total
:
396
355
315
:
41
32
37
:
3.22 5.15- 5.45
5.00- 6.00
:
BARLEY
:
:
3.6
2.9
3.0 *
:
3.1
2.5
2.6 *
:
73.0
73.1
67.3 *
Beginning stocks
:
89
115
93
Production
:
227
180
175
Imports
:
17
10
10
Supply, total
:
333
306
278
Feed and residual
:
48
45
40
:
164
160
160
Total domestic
:
212
205
200
Exports
:
6
8
10
Use, total
:
217
213
210
:
115
93
68
:
4.66
3.80
5.75- 6.85
:
OATS
:
:
3.4
3.1
2.8 *
:
1.4
1.3
1.1 *
:
67.5
64.3
65.5 *
Beginning stocks
:
84
80
66
Production
:
93
81
72
Imports
:
95
83
95
Supply, total
:
272
245
233
Feed and residual
:
115
100
100
:
75
76
76
Total domestic
:
190
176
176
Exports
:
2
3
3
Use, total
:
192
179
179
:
80
66
54
:
2.02
2.45
3.30- 3.90
===============================================================================
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. * Planted acres reported in the
March 31, 2011, "Prospective Plantings." Harvested area - For sorghum,
harvested acres are based on the 4-year average harvested-to-planted ratio,
2007-2010. For barley and oats, harvested acres are based on the 5-year
average harvested-to-planted ratios, 2006-2010. Yield - For sorghum the
projected yield is based on the average for 2001-2010, excluding the 2002 and
2003 lows, and the 2007 high, adjusted for rounding in production. For barley
and oats, projected yields are based on the 1990-2010 trends adjusted for
rounding in production.
WASDE-494-14
May 2011
U.S. Rice Supply and Use 1/

(Rough Equivalent of Rough and Milled Rice)
===============================================================================
:
:
:
2011/12 Projections
Item
: 2009/10 : 2010/11 :==============================
:
:
Est. :
May
===============================================================================
TOTAL
:
Area
:
Million acres
Planted
:
3.14
3.64
3.02 *
Harvested
:
3.10
3.62
3.00 *
Yield per harvested
:
Pounds
acre
: 7,085
6,725
7,033 *
:
:
Million hundredweight
Beginning stocks 2/
:
30.4
36.5
55.6
Production
: 219.9
243.1
211.0
Imports
:
19.0
17.5
18.0
Supply, total
: 269.3
297.1
284.6
Domestic & residual 3/
: 124.4
127.0
127.0
Exports, total 4/
: 108.3
114.5
109.0
Rough
:
40.8
39.0
40.0
Milled (rough equiv.)
:
67.6
75.5
69.0
Use, total
: 232.8
241.5
236.0
Ending stocks
:
36.5
55.6
48.6
Avg. milling yield (%) 5/ : 71.53
68.50
70.75
Avg. farm price ($/cwt) 6/ : 14.40 12.35-12.65
12.00-13.00
:
LONG GRAIN
:
Harvested acres (mil.)
:
2.27
2.83
Yield (pounds/acre)
: 6,743
6,486
Beginning stocks
:
20.0
23.0
43.8
Production
: 152.7
183.3
144.5
Supply, total 7/
: 189.3
221.3
203.8
Domestic & Residual 3/
:
91.9
99.0
96.0
Exports 8/
:
74.3
78.5
75.0
Use, total
: 166.2
177.5
171.0
Ending stocks
:
23.0
43.8
32.8
11.00-12.00
:
MEDIUM & SHORT GRAIN
:
Harvested acres (mil.)
:
0.84
0.79
Yield (pounds/acre)
: 8,010
7,580
Beginning stocks
:
8.0
12.0
10.4
Production
:
67.1
59.8
66.5
Supply, total 7/
:
78.6
74.4
79.4
Domestic & Residual 3/
:
32.5
28.0
31.0
Exports 8/
:
34.1
36.0
34.0
Use, total
:
66.6
64.0
65.0
Ending stocks
:
12.0
10.4
14.4
15.00-16.00
===============================================================================
Note: Totals may not add due to rounding. 1/ Marketing year beginning August
1.
2/ Includes the following quantities of broken kernel rice (type
undetermined) not included in estimates of beginning stocks by type (in mil.
cwt): 2009/10-2.4; 2010/11-1.5; 2011/12-1.5. 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. Data supplied by the USA Rice Federation.
The 2011/12 milling yield is calculated using the previous three-year average,
excluding 2010/11, i.e. 2007/08-2009/10. 6/ Marketing-year weighted average
price received by farmers. 7/ Includes imports. 8/ Exports by type of rice are
estimated. * Planted acres reported in March 31, 2011, "Prospective Plantings."
Harvested acres are estimated using the average harvested-to-planted ratios by
rice class, 2006-2010. Projected yield is calculated from the five-year
Olympic average by rice class from 2006/07 to 2010/11.
WASDE-494-15
May 2011
U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/

===============================================================================
:
:
:
2011/12 Projections
Item
: 2009/10 : 2010/11 :===============================
:
:
Est. :
May
===============================================================================
SOYBEANS:
:
Million acres
Area
:
Planted
:
77.5
77.4
76.6 *
Harvested
:
76.4
76.6
75.7 *
:
:
Bushels
Yield per harvested
:
acre
:
44.0
43.5
43.4 *
:
:
Million bushels
:
Beginning stocks
:
138
151
170
Production
: 3,359
3,329
3,285
Imports
:
15
15
15
Supply, total
: 3,512
3,495
3,470
Crushings
: 1,752
1,650
1,655
Exports
: 1,501
1,550
1,540
Seed
:
90
89
90
Residual
:
18
36
25
Use, total
: 3,361
3,325
3,310
Ending stocks
:
151
170
160
Avg. farm price ($/bu) 2/ :
9.59
11.40
12.00 -14.00
:
:
:
Million pounds
SOYBEAN OIL:
:
Beginning stocks
: 2,861
3,358
2,473
Production
: 19,614
19,040 3/
18,900
Imports
:
103
175
185
Supply, total
: 22,577
22,573
21,558
Domestic
: 15,863
16,800
17,950
Methyl ester
: 1,681
2,500
3,500
Food,feed,other 3/
: 14,182
14,300
14,450
Exports
: 3,357
3,300
1,600
Use, total
: 19,219
20,100
19,550
Ending stocks
: 3,358
2,473
2,008
Average price (c/lb) 2/
: 35.95
53.50
56.00:
60.00
:
:
Thousand short tons
SOYBEAN MEAL:
:
Beginning stocks
:
235
302
300
Production
: 41,700
39,583 3/
39,285
Imports
:
160
165
165
Supply, total
: 42,095
40,050
39,750
Domestic
: 30,619
30,600
30,800
Exports
: 11,175
9,150
8,650
Use, total
: 41,794
39,750
39,450
Ending stocks
:
302
300
300
Average price ($/s.t.) 2/ : 311.27
350.00
350.00:
380.00
===============================================================================
Note: Reliability calculations at end of report.
1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil
and meal. 2/ Prices: soybeans, marketing year weighted average price received
by farmers; for oil, simple average of crude soybean oil, Decatur; for meal,
simple average of 48 percent, Decatur. 3/ "Other" includes all non-methyl
ester industrial use. *Planted acres are reported in the March 31 Prospective
Plantings. Harvested acres based on 5-year average planted to harvested ratios
by state. Projected yield based on 1989-2010 trend analysis.
WASDE-494-16
May 2011
U.S. Sugar Supply and Use 1/

======================================================================
:
: 2010/11 Estimates : 2011/12
Item
: 2009/10
:====================:============
:
:
April
May
: Projection
======================================================================
:
1,000 short tons, raw value
:
Beginning stocks
:
1,534
1,510
1,510
1,611
Production 2/
:
7,975
7,950
7,950
8,190
Beet sugar
:
4,575
4,800
4,800
4,800
Cane sugar
:
3,400
3,150
3,150
3,390
Florida
:
1,646
1,440
1,433
1,630
Hawaii
:
161
170
170
170
Louisiana
:
1,481
1,400
1,400
1,440
Texas
:
112
140
147
150
Imports
:
3,318
3,135
3,586
2,599
TRQ 3/
:
1,854
1,371
1,752
1,259
Other program 4/
:
450
375
300
350
Other 5/
:
1,014
1,389
1,534
990
Mexico
:
807
1,349
1,514
980
Total supply
: 12,827
12,595
13,046
12,400
:
Exports
:
211
225
250
200
Deliveries
: 11,106
11,185
11,185
11,315
Food 6/
: 10,870
11,000
11,000
11,125
Other 7/
:
236
185
185
190
Miscellaneous
:
0
0
0
0
Total use
: 11,317
11,410
11,435
11,515
Ending stocks
:
1,510
1,185
1,611
885
:
Stocks to use ratio
:
13.3
10.4
14.1
7.7
======================================================================
1/ Fiscal years beginning Oct 1. Includes Puerto Rico. Historical data are from FSA
"Sweetener Market Data" except imports (U.S. Customs Service, Census Bureau). 2/
Production projections for 2011/12 are based on March 31 Prospective Plantings and
trend yields. 3/ For 2011/12, includes only U.S. commitments under current trade
agreements, minus shortfall of 140,000 tons. The Secretary will establish the actual
level of the TRQ at a later date. 4/ Includes sugar under the re-export and polyhydric
alcohol programs. 5/ For 2009/10, other high-tier (207) and other (0). For 2010/11,
other high-tier (20) and other (0). For 2011/12, other high-tier (10) and other (0).
6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/
Transfers to sugar-containing products for reexport, and for nonedible alcohol and feed.
Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/
==========================================================================
:
Supply
:
Use
:
Fiscal
:====================================================: Ending
year
: Beginning : Production: Imports : Domestic: Exports: stocks
: stocks
:
:
:
2/
:
:
==========================================================================
1,000 metric tons, raw value
Sugar
2010/11 est.
Apr
973
5,550
290
4,629
1,232
952
May
973
5,550
313
4,652
1,382
802
2011/12 proj.
May
802
5,650
190
4,760
901
981
==========================================================================
1/ U.S. HFCS exports to Mexico (metric tons, dry-weight basis): Oct-Sep 2009/10 = 927,203;
Oct-Feb 2009/10 = 324,411; Oct-Feb 2010/11 = 384,658. Footnote source: U.S. Census Bureau.
2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual
statistical discrepancies.
WASDE-494-17
May 2011
U. S. Cotton Supply and Use 1/

===============================================================================
:
:
:
2011/12 Projections
Item
: 2009/10 : 2010/11 :===============================
:
:
Est. :
May
===============================================================================
:
Million acres
Area
:
Planted
:
9.15
10.97
12.57 *
Harvested
:
7.53
10.70
10.80 *
:
:
Pounds
Yield per harvested
:
acre
:
777
812
800 *
:
:
Million 480 pound bales
:
Beginning stocks 2/
:
6.34
2.95
1.75
Production
: 12.19
18.10
18.00
Imports
:
0.00
0.01
0.01
Supply, total
: 18.53
21.06
19.76
Domestic use
:
3.46
3.80
3.80
Exports
: 12.04
15.50
13.50
Use, total
: 15.50
19.30
17.30
Unaccounted 3/
:
0.08
0.01
-0.04
Ending stocks
:
2.95
1.75
2.50
:
Avg. farm price 4/
:
62.9 81.0-84.0
95.0-115.0
===============================================================================
1/ Upland and extra-long staple; marketing year beginning August 1. Totals may
not add due to rounding. 2/ Based on Bureau of Census data. 3/ Reflects the
difference between the previous season's supply less total use and ending
stocks based on Bureau of Census data. 4/ Cents per pound for upland cotton.
* Planted area as reported in March 31 "Prospective Plantings." Projected
harvested area is based on 2001-2010 average abandonment, weighted by region
and adjusted to reflect drought conditions in the Southwest. Projected yield
per harvested acre is based on 2006-2010 average yields, weighted by region and
adjusted to reflect drought conditions in the Southwest.
WASDE-494-18
May 2011
World Wheat Supply and Use 1/

===============================================================================
:
Supply
:
Use
:
:=========================:=======================:Ending
Region
:
:
:
: Domestic 2/ :
:stocks
:Beginning:Produc-:
:===============:
:
: stocks : tion :Imports: Feed : Total :Exports:
===============================================================================
:
:
2009/10
:
World 3/
: 166.24 684.18 133.58 119.19 654.25 135.85 196.17
United States
:
17.87
60.37
3.23
4.03
30.93
23.98
26.55
Total foreign
: 148.37 623.81 130.35 115.16 623.31 111.87 169.62
Major exporters 4/ :
30.36 198.37
6.05
63.45 144.48
61.08
29.22
Argentina
:
1.29
11.00
0.00
0.03
5.83
5.10
1.36
Australia
:
3.59
21.92
0.12
3.70
6.73
14.83
4.08
Canada
:
6.55
26.85
0.40
2.22
6.93
19.04
7.83
EU-27 5/
:
18.94 138.60
5.52
57.50 125.00
22.12
15.94
Major importers 6/ :
70.90 185.55
70.89
18.19 236.81
5.25
85.28
Brazil
:
1.53
5.03
7.13
0.40
11.00
1.16
1.52
China
:
45.80 115.12
1.39
10.00 107.00
0.89
54.43
Select. Mideast 7/ :
7.31
16.32
18.72
1.70
31.67
0.88
9.79
N. Africa 8/
:
9.22
20.26
21.40
2.85
39.25
0.37
11.25
Pakistan
:
2.69
24.00
0.17
0.40
23.00
0.30
3.56
Southeast Asia 9/ :
2.71
0.00
13.39
2.04
12.69
0.50
2.92
Selected other
:
India
:
13.43
80.68
0.22
0.10
78.15
0.06
16.12
FSU-12
:
20.99 113.93
5.42
27.78
80.30
36.66
23.37
Russia
:
10.74
61.77
0.16
19.00
42.00
18.56
12.12
Kazakhstan
:
2.00
17.05
0.06
2.70
7.55
7.87
3.69
Ukraine
:
3.10
20.87
0.03
3.30
12.30
9.34
2.36
:
:
2010/11 (Estimated)
:
World 3/
: 196.17 648.14 123.59 122.76 662.11 124.73 182.20
United States
:
26.55
60.10
2.99
4.63
32.11
34.70
22.84
Total foreign
: 169.62 588.03 120.60 118.13 630.00
90.03 159.36
29.22 199.93
5.01
62.93 146.10
62.00
26.05
Argentina
:
1.36
15.00
0.01
0.03
5.88
8.50
1.99
Australia
:
4.08
26.00
0.10
5.90
9.03
15.00
6.16
Canada
:
7.83
23.17
0.40
4.00
8.70
16.50
6.20
EU-27 5/
:
15.94 135.76
4.50
53.00 122.50
22.00
11.71
85.28 184.73
66.18
20.97 240.13
7.31
88.74
Brazil
:
1.52
5.90
6.50
0.20
10.80
1.90
1.22
China
:
54.43 115.00
1.00
13.00 109.50
1.00
59.93
Select. Mideast 7/ :
9.79
19.58
13.08
1.80
31.75
1.59
9.10
N. Africa 8/
:
11.25
16.13
22.40
2.38
38.98
0.28
10.53
Pakistan
:
3.56
23.90
0.20
0.40
23.20
1.00
3.46
Southeast Asia 9/ :
2.92
0.00
14.00
2.50
13.66
0.55
2.71
Selected other
:
India
:
16.12
80.80
0.30
0.15
82.53
0.25
14.45
FSU-12
:
23.37
80.97
5.73
29.18
81.05
13.06
15.96
Russia
:
12.12
41.51
0.30
21.50
44.30
4.00
5.63
Kazakhstan
:
3.69
9.70
0.03
2.10
6.60
5.00
1.81
Ukraine
:
2.36
16.84
0.05
2.80
11.60
3.50
4.15
===============================================================================
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, and the EU-27. 5/ Trade excludes intra-trade. 6/ Brazil,
China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast
Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen,
United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and
Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.
WASDE-494-19
May 2011
World Wheat Supply and Use 1/ (Cont'd.)

===============================================================================
:
Supply
:
Use
:
:=========================:=======================:Ending
Region
:
:
:
: Domestic 2/ :
:stocks
:Beginning:Produc-:
:===============:
:
===============================================================================
:
:
2011/12 (Projected)
World 3/
:
May
: 182.20 669.55 124.02 124.17 670.49 127.34 181.26
United States
:
May
:
22.84
55.61
2.99
5.99
33.75
28.58
19.12
Total foreign
:
May
: 159.36 613.94 121.03 118.18 636.74
98.76 162.14
May
:
26.05 202.62
6.51
63.63 147.32
59.50
28.35
Argentina
May :
1.99
13.50
0.01
0.03
5.93
8.00
1.57
Australia
May :
6.16
24.50
0.10
5.40
8.50
15.00
7.26
Canada
May :
6.20
26.00
0.40
3.20
7.90
18.50
6.20
EU-27 5/
May :
11.71 138.62
6.00
55.00 125.00
18.00
13.32
May
:
88.74 185.07
64.15
22.91 242.28
5.36
90.32
Brazil
May :
1.22
4.80
6.70
0.10
10.80
0.50
1.42
China
May :
59.93 115.50
1.00
15.00 111.00
1.00
64.43
Sel. Mideast 7/May :
9.10
17.29
13.65
1.90
31.33
0.71
8.00
N. Africa 8/
May :
10.53
19.13
19.80
2.70
39.73
0.28
9.46
Pakistan
May :
3.46
23.50
0.20
0.40
23.40
1.20
2.56
SE Asia 9/
May :
2.71
0.00
14.20
2.26
13.74
0.57
2.61
Selected other
:
India
May :
14.45
84.00
0.30
0.20
84.70
0.30
13.75
FSU-12
May :
15.96 100.60
5.75
26.53
79.02
26.31
16.97
Russia
May :
5.63
53.00
0.20
18.00
40.80
10.00
8.03
Kazakhstan
May :
1.81
15.00
0.03
2.70
7.50
7.50
1.84
Ukraine
May :
4.15
19.00
0.05
3.00
11.80
8.50
2.90
===============================================================================
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, and the EU-27. 5/ Trade excludes intra-trade. 6/ Brazil,
China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and Southeast
Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen,
United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, and
Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.
WASDE-494-20
May 2011
World Coarse Grain Supply and Use 1/

===============================================================================
:
Supply
:
Use
:
:=========================:=======================:Ending
Region
:
:
:
: Domestic 2/ :
:stocks
:Beginning:Produc-:
:===============:
:
===============================================================================
:
:
2009/10
:
World 3/
: 195.92 1109.64 115.62 650.31 1108.75 123.09 196.81
United States
:
47.06 348.76
2.32 137.14 295.16
54.84
48.13
Total foreign
: 148.86 760.89 113.30 513.17 813.59
68.25 148.68
15.65
75.49
2.23
33.35
50.18
28.29
14.90
Argentina
:
1.70
28.03
0.01
6.83
9.95
18.75
1.04
Australia
:
3.29
11.10
0.00
5.52
7.09
4.43
2.87
Canada
:
6.33
22.48
2.15
16.26
22.22
3.09
5.65
44.88 237.77
85.11 235.62 313.05
6.05
48.66
EU-27 6/
:
20.84 155.32
3.04 112.63 150.38
2.99
25.83
Japan
:
1.57
0.18
19.20
14.73
19.65
0.00
1.31
Mexico
:
5.24
27.27
10.96
24.12
40.89
0.64
1.94
N. Afr & Mideast 7/:
8.51
32.19
23.01
42.88
50.43
1.12
12.16
Saudi Arabia
:
2.55
0.43
9.18
9.43
9.70
0.00
2.45
Southeast Asia 8/ :
4.00
21.99
6.56
20.84
28.45
1.31
2.80
South Korea
:
1.51
0.34
8.51
6.40
8.70
0.00
1.66
Selected other
:
Brazil
:
12.45
58.41
0.74
42.04
49.71
11.60
10.29
China
:
54.14 163.63
3.78 112.35 166.98
0.21
54.37
FSU-12
:
8.84
68.18
0.41
39.38
55.33
14.98
7.12
Russia
:
4.88
31.84
0.04
20.42
30.59
3.10
3.07
Ukraine
:
2.37
24.14
0.03
9.60
12.96
11.38
2.21
:
:
2010/11 (Estimated)
:
World 3/
: 196.81 1084.65 115.45 647.73 1123.08 114.53 158.38
United States
:
48.13 330.23
2.42 136.61 306.42
52.04
22.33
Total foreign
: 148.68 754.42 113.02 511.12 816.67
62.49 136.04
14.90
76.63
1.02
33.15
50.39
29.54
12.61
Argentina
:
1.04
28.51
0.02
7.35
10.64
17.01
1.92
Australia
:
2.87
13.61
0.00
6.14
7.81
6.16
2.50
Canada
:
5.65
22.07
0.87
14.80
20.76
4.35
3.47
48.66 221.65
87.66 237.89 316.04
6.28
35.64
EU-27 6/
:
25.83 139.64
7.48 114.20 152.01
5.76
15.19
Japan
:
1.31
0.17
19.14
14.57
19.49
0.00
1.12
Mexico
:
1.94
29.53
11.50
23.90
40.74
0.10
2.13
N. Afr & Mideast 7/:
12.16
28.59
20.92
42.91
50.65
0.23
10.80
Saudi Arabia
:
2.45
0.43
8.51
9.13
9.40
0.00
1.99
Southeast Asia 8/ :
2.80
22.90
7.31
22.54
30.45
0.20
2.36
South Korea
:
1.66
0.34
8.06
6.04
8.42
0.00
1.64
Selected other
:
Brazil
:
10.29
57.34
1.46
43.85
51.57
8.51
9.01
China
:
54.37 174.16
3.28 114.30 172.09
0.17
59.55
FSU-12
:
7.12
47.69
1.15
28.77
41.94
9.50
4.52
Russia
:
3.07
16.42
0.75
10.73
18.46
0.33
1.45
Ukraine
:
2.21
21.44
0.02
10.33
13.44
8.56
1.67
===============================================================================
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,
Canada, and South Africa. 5/ The EU-27, Mexico, Japan, selected North Africa and Middle East,
South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/ Algeria, Egypt,
Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and Turkey. 8/ Indonesia, Malaysia,
Philippines, Thailand, and Vietnam.
WASDE-494-21
May 2011
World Coarse Grain Supply and Use 1/ (Cont'd.)

===============================================================================
:
Supply
:
Use
:
:=========================:=======================:Ending
Region
:
:
:
: Domestic 2/ :
:stocks
:Beginning:Produc-:
:===============:
:
===============================================================================
:
:
2011/12 (Projected)
World 3/
:
May
: 158.38 1146.82 111.19 657.59 1142.83 115.05 162.36
United States
:
May
:
22.33 356.20
2.50 134.48 305.68
49.29
26.06
Total foreign
:
May
: 136.04 790.62 108.69 523.11 837.15
65.76 136.30
May
:
12.61
82.64
1.58
34.34
51.97
32.11
12.76
Argentina
May :
1.92
32.61
0.02
8.01
11.43
20.61
2.51
Australia
May :
2.50
13.31
0.00
5.99
7.66
5.71
2.44
Canada
May :
3.47
23.73
1.47
15.39
21.52
3.75
3.40
May
:
35.64 232.43
84.09 235.97 314.76
4.39
33.01
EU-27 6/
May :
15.19 145.17
4.26 110.43 148.43
3.76
12.44
Japan
May :
1.12
0.18
19.14
14.45
19.36
0.00
1.07
Mexico
May :
2.13
32.23
11.43
25.10
42.12
0.30
3.36
N Afr/M.East 7/May :
10.80
29.01
21.50
43.59
51.42
0.09
9.80
Saudi Arabia
May :
1.99
0.43
8.01
8.53
8.80
0.00
1.62
S.-east Asia 8/May :
2.36
25.00
7.16
23.53
31.64
0.25
2.64
South Korea
May :
1.64
0.34
7.76
5.74
8.12
0.00
1.62
Selected other
:
Brazil
May :
9.01
57.33
1.36
45.55
53.30
8.01
6.39
China
May :
59.55 178.26
2.33 116.40 176.24
0.27
63.63
FSU-12
May :
4.52
65.41
0.59
36.23
51.49
12.29
6.73
Russia
May :
1.45
28.70
0.25
16.13
25.80
1.81
2.80
Ukraine
May :
1.67
24.35
0.02
10.45
13.60
10.01
2.43
===============================================================================
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, Canada, and South
Africa. 5/ The EU-27, Mexico, Japan, selected North Africa and Middle East,
South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/
Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, and
Turkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.
WASDE-494-22
May 2011
World Corn Supply and Use 1/

===============================================================================
:
Supply
:
Use
:
:=========================:=======================:Ending
Region
:
:
:
: Domestic 2/ :
:stocks
:Beginning:Produc-:
:===============:
:
===============================================================================
:
:
2009/10
:
World 3/
: 149.24 812.98
90.23 484.36 816.79
96.94 145.43
United States
:
42.50 332.55
0.21 130.57 281.42
50.46
43.38
Total foreign
: 106.74 480.43
90.02 353.79 535.37
46.48 102.05
5.09
36.22
0.01
9.50
17.10
18.49
5.73
Argentina
:
0.98
22.80
0.01
4.80
6.70
16.49
0.59
South Africa
:
4.11
13.42
0.00
4.70
10.40
2.00
5.13
18.22 105.97
52.57 112.46 159.78
3.46
13.51
Egypt
:
1.40
6.28
5.83
9.90
12.00
0.02
1.49
EU-27 6/
:
6.15
57.28
2.93
45.00
59.80
1.52
5.04
Japan
:
1.00
0.00
15.98
11.70
16.30
0.00
0.68
Mexico
:
3.56
20.37
8.30
14.20
30.20
0.64
1.39
Southeast Asia 7/ :
4.00
21.93
6.55
20.80
28.40
1.29
2.80
South Korea
:
1.47
0.08
8.46
6.36
8.38
0.00
1.62
Selected other
:
Brazil
:
12.08
56.10
0.40
40.00
47.00
11.60
9.99
Canada
:
1.83
9.56
2.10
7.65
11.61
0.13
1.76
China
:
53.17 158.00
1.30 112.00 159.00
0.15
53.31
FSU-12
:
1.75
18.04
0.26
11.50
13.12
5.58
1.36
Ukraine
:
0.94
10.49
0.02
5.00
5.70
5.07
0.67
:
:
2010/11 (Estimated)
:
World 3/
: 145.43 815.35
91.59 493.46 838.58
90.64 122.19
United States
:
43.38 316.17
0.64 130.82 293.38
48.26
18.53
Total foreign
: 102.05 499.18
90.96 362.65 545.20
42.38 103.66
5.73
34.00
0.04
9.90
17.70
16.50
5.56
Argentina
:
0.59
22.00
0.01
5.10
7.10
14.50
1.00
South Africa
:
5.13
12.00
0.03
4.80
10.60
2.00
4.56
13.51 106.42
56.90 115.00 162.92
1.29
12.62
Egypt
:
1.49
6.50
5.40
9.90
12.10
0.01
1.28
EU-27 6/
:
5.04
55.47
6.50
46.30
61.10
1.00
4.91
Japan
:
0.68
0.00
16.10
11.60
16.20
0.00
0.58
Mexico
:
1.39
21.50
9.00
14.20
30.30
0.10
1.49
Southeast Asia 7/ :
2.80
22.85
7.30
22.50
30.40
0.18
2.36
South Korea
:
1.62
0.07
8.00
6.00
8.10
0.00
1.60
Selected other
:
Brazil
:
9.99
55.00
1.00
41.80
48.80
8.50
8.69
Canada
:
1.76
11.71
0.80
7.00
11.10
1.60
1.57
China
:
53.31 168.00
1.50 114.00 164.00
0.10
58.71
FSU-12
:
1.36
18.56
0.47
11.74
13.16
6.11
1.12
Ukraine
:
0.67
11.92
0.01
5.40
6.10
6.00
0.50
===============================================================================
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 and South
Africa. 5/ Egypt, the EU-27, Mexico, Japan, South Korea, Taiwan, and Southeast
Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines,
Thailand, and Vietnam.
WASDE-494-23
May 2011
World Corn Supply and Use 1/ (Cont'd.)

===============================================================================
:
Supply
:
Use
:
:=========================:=======================:Ending
Region
:
:
:
: Domestic 2/ :
:stocks
:Beginning:Produc-:
:===============:
:
===============================================================================
:
:
2011/12 (Projected)
World 3/
:
May
: 122.19 867.73
89.26 506.09 860.78
92.50 129.14
United States
:
May
:
18.53 343.04
0.51 129.55 293.51
45.72
22.85
Total foreign
:
May
: 103.66 524.68
88.76 376.55 567.27
46.78 106.29
May
:
5.56
38.50
0.04
10.30
18.30
20.00
5.80
Argentina
May :
1.00
26.00
0.01
5.40
7.50
18.00
1.51
South Africa
May :
4.56
12.50
0.03
4.90
10.80
2.00
4.28
May
:
12.62 115.56
54.45 119.20 167.90
1.54
13.20
Egypt
May :
1.28
6.70
5.60
10.20
12.40
0.01
1.17
EU-27 6/
May :
4.91
59.29
4.00
48.00
63.20
1.00
4.00
Japan
May :
0.58
0.00
16.10
11.50
16.10
0.00
0.58
Mexico
May :
1.49
24.50
9.20
15.80
32.10
0.30
2.79
S.-east Asia 7/May :
2.36
24.95
7.15
23.50
31.60
0.23
2.64
South Korea
May :
1.60
0.08
7.70
5.70
7.80
0.00
1.57
Selected other
:
Brazil
May :
8.69
55.00
1.00
43.50
50.50
8.00
6.19
Canada
May :
1.57
11.50
1.40
7.80
12.00
1.00
1.47
China
May :
58.71 172.00
0.50 116.00 168.00
0.20
63.01
FSU-12
May :
1.12
25.32
0.20
14.64
16.46
7.58
2.59
Ukraine
May :
0.50
14.50
0.01
6.20
6.90
6.50
1.61
===============================================================================
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 and South
Africa. 5/ Egypt, the EU-27, Mexico, Japan, South Korea, Taiwan, and Southeast
Asia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines,
Thailand, and Vietnam.
WASDE-494-24
May 2011
World Rice Supply and Use (Milled Basis) 1/

===============================================================================
:
Supply
:
Use
:
:=========================:===================: Ending
Region
:
:
:
:
:
: stocks
:Beginning:Produc-:
: Total 2/:
:
: stocks : tion :Imports: Domestic: Exports :
===============================================================================
:
:
2009/10
World 3/
:
91.52 440.08
28.08
437.73
31.07
93.86
United States
:
0.98
7.13
0.60
4.01
3.52
1.18
Total foreign
:
90.54 432.94
27.47
433.72
27.55
92.68
26.95 141.14
0.72
117.96
21.68
29.17
India
:
19.00
89.09
0.00
85.69
1.90
20.50
Pakistan
:
1.20
6.80
0.02
2.92
4.00
1.10
Thailand
:
4.79
20.26
0.30
10.20
9.05
6.10
Vietnam
:
1.96
24.99
0.40
19.15
6.73
1.47
15.76
60.27
11.66
73.94
0.73
13.02
Brazil
:
0.91
7.66
0.73
8.40
0.45
0.45
EU-27 6/
:
1.02
1.89
1.32
2.86
0.24
1.12
Indonesia
:
7.06
36.37
1.15
38.00
0.00
6.58
Nigeria
:
0.57
2.60
1.75
4.45
0.00
0.47
Philippines
:
4.67
9.77
2.20
13.30
0.00
3.35
Sel. Mideast 7/
:
1.48
1.60
3.23
5.28
0.02
1.01
Selected other
:
Burma
:
0.04
10.55
0.00
9.85
0.45
0.30
C. Amer & Carib 8/ :
0.31
1.64
1.46
3.04
0.00
0.37
China
:
38.55 136.57
0.39
134.32
0.65
40.53
Egypt
:
0.56
4.30
0.02
3.67
0.71
0.50
Japan
:
2.72
7.71
0.67
8.20
0.20
2.69
Mexico
:
0.17
0.18
0.61
0.78
0.01
0.17
South Korea
:
1.00
4.92
0.31
4.76
0.01
1.45
:
:
2010/11 (Estimated)
World 3/
:
93.86 451.58
29.41
448.40
31.43
97.04
United States
:
1.18
7.55
0.56
4.01
3.56
1.73
Total foreign
:
92.68 444.02
28.86
444.39
27.87
95.31
29.17 144.71
0.85
123.65
21.10
29.98
India
:
20.50
94.50
0.00
91.00
2.40
21.60
Pakistan
:
1.10
4.70
0.05
2.85
2.50
0.50
Thailand
:
6.10
20.26
0.20
10.50
10.00
6.06
Vietnam
:
1.47
25.25
0.60
19.30
6.20
1.82
13.02
63.26
11.18
74.85
1.13
11.49
Brazil
:
0.45
9.45
0.40
8.40
0.70
1.20
EU-27 6/
:
1.12
1.87
1.07
2.70
0.40
0.96
Indonesia
:
6.58
36.90
1.75
38.85
0.00
6.38
Nigeria
:
0.47
2.67
1.90
4.57
0.00
0.47
Philippines
:
3.35
10.35
1.20
13.33
0.00
1.57
Sel. Mideast 7/
:
1.01
1.61
3.55
5.30
0.02
0.85
Selected other
:
Burma
:
0.30
10.75
0.00
10.15
0.70
0.20
C. Amer & Carib 8/ :
0.37
1.70
1.45
3.14
0.00
0.37
China
:
40.53 139.30
0.40
136.00
0.60
43.63
Egypt
:
0.50
3.10
0.02
3.40
0.04
0.18
Japan
:
2.69
7.72
0.70
8.13
0.20
2.79
Mexico
:
0.17
0.15
0.66
0.82
0.01
0.15
South Korea
:
1.45
4.30
0.33
4.80
0.00
1.28
===============================================================================
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/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong,
Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-27. 6/ Trade excludes intra-trade.
7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean
countries.
WASDE-494-25
May 2011
World Rice Supply and Use (Milled Basis) 1/ (Cont'd.)

===============================================================================
:
Supply
:
Use
:
:=========================:===================: Ending
Region
:
:
:
:
:
: stocks
:Beginning:Produc-:
: Total 2/:
:
===============================================================================
:
:
2011/12 (Projected)
World 3/
:
May
:
97.04 457.86
28.82
458.73
32.24
96.17
United States
:
May
:
1.73
6.77
0.57
4.01
3.50
1.56
Total foreign
:
May
:
95.31 451.09
28.25
454.72
28.74
94.61
May
:
29.98 149.98
0.60
128.25
22.40
29.91
India
May :
21.60
97.00
0.00
94.70
2.80
21.10
Pakistan
May :
0.50
6.80
0.00
3.20
3.20
0.90
Thailand
May :
6.06
20.75
0.10
10.90
10.00
6.01
Vietnam
May :
1.82
25.43
0.50
19.45
6.40
1.90
May
:
11.49
62.88
11.44
75.43
0.91
9.46
Brazil
May :
1.20
7.90
0.60
8.40
0.55
0.75
EU-27 6/
May :
0.96
1.90
1.07
2.70
0.35
0.88
Indonesia
May :
6.38
37.60
0.40
39.14
0.00
5.24
Nigeria
May :
0.47
2.70
1.95
4.65
0.00
0.47
Philippines
May :
1.57
10.80
2.20
13.35
0.00
1.22
Sel. Mideast 7/May :
0.85
1.61
3.85
5.47
0.00
0.85
Selected other
:
Burma
May :
0.20
11.00
0.00
10.25
0.80
0.15
C. Am & Car. 8/May :
0.37
1.73
1.44
3.15
0.00
0.39
China
May :
43.63 140.00
0.40
137.70
0.60
45.73
Egypt
May :
0.18
3.10
0.02
3.10
0.05
0.14
Japan
May :
2.79
7.68
0.70
8.25
0.15
2.77
Mexico
May :
0.15
0.13
0.73
0.87
0.00
0.14
South Korea
May :
1.28
4.30
0.35
4.80
0.00
1.13
===============================================================================
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/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indonesia, Hong Kong,
Cote d'Ivoire, Nigeria, Philippines, selected Middle East, the EU-27. 6/ Trade
excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi
Arabia. 8/ Central American and Caribbean countries.
WASDE-494-26
May 2011
World Cotton Supply and Use 1/

(Million 480-pound bales)
================================================================================
:
Supply
:
Use
:
:
Region
:=========================:================: Loss : Ending
:Beginning:Produc-:Imports:Domestic:Exports: 2/ : stocks
: stocks : tion :
:
:
:
:
================================================================================
:
:
2009/10
:
World
:
60.54 101.39
36.24 118.40
35.57 -0.07 44.28
United States
:
6.34
12.19
3/
3.46
12.04
0.08
2.95
Total foreign
:
54.20
89.20
36.24 114.94
23.53 -0.15 41.34
21.13
41.87
1.40
28.66
20.12 -0.26 15.88
Central Asia 5/
:
3.37
5.99
3/
1.70
5.86
0.00
1.81
Afr. Fr. Zone 6/
:
0.75
2.22
3/
0.18
2.27
0.00
0.52
S. Hemis. 7/
:
7.43
9.20
0.37
5.66
4.90 -0.28
6.72
Australia
:
0.98
1.78
3/
0.04
2.12 -0.15
0.75
Brazil
:
4.99
5.45
0.15
4.40
1.99 -0.15
4.35
India
:
8.92
23.00
0.48
19.45
6.55
0.00
6.40
31.30
44.93
32.27
82.16
2.26
0.11 23.97
Mexico
:
0.76
0.42
1.39
1.90
0.08
0.03
0.58
China
:
22.37
32.00
10.90
50.00
0.02
0.00 15.25
EU-27 9/
:
0.66
1.06
0.94
1.03
1.06
0.05
0.52
Turkey
:
1.65
1.75
4.39
5.80
0.15 -0.08
1.93
Pakistan
:
3.46
9.60
1.57
10.80
0.73
0.03
3.08
Indonesia
:
0.35
0.03
2.20
2.05
0.02
0.05
0.46
Thailand
:
0.29
3/
1.81
1.78
0.01
0.03
0.29
Bangladesh
:
0.70
0.05
3.80
3.80
0.00
0.01
0.74
Vietnam
:
0.26
0.02
1.69
1.60
0.00
0.00
0.37
:
:
2010/11 (Estimated)
:
World
:
44.28 114.60
37.00 116.51
37.00 -0.15 42.52
United States
:
2.95
18.10
0.01
3.80
15.50
0.01
1.75
Total foreign
:
41.34
96.49
36.99 112.71
21.50 -0.15 40.77
15.88
50.62
1.72
30.41
18.34 -0.26 19.73
Central Asia 5/
:
1.81
7.07
0.01
1.91
5.11
0.00
1.88
Afr. Fr. Zone 6/
:
0.52
2.29
3/
0.18
2.08
0.00
0.55
S. Hemis. 7/
:
6.72
15.95
0.82
5.72
6.06 -0.28 11.97
Australia
:
0.75
4.40
3/
0.04
3.00 -0.15
2.26
Brazil
:
4.35
9.30
0.65
4.40
2.00 -0.15
8.05
India
:
6.40
24.00
0.45
21.00
4.80
0.00
5.05
23.97
43.16
32.78
78.19
2.06
0.11 19.54
Mexico
:
0.58
0.68
1.35
1.90
0.20
0.03
0.49
China
:
15.25
30.50
13.50
47.00
0.08
0.00 12.17
EU-27 9/
:
0.52
1.06
0.90
0.99
1.01
0.05
0.43
Turkey
:
1.93
2.10
3.40
5.90
0.15 -0.08
1.46
Pakistan
:
3.08
8.70
1.50
10.25
0.45
0.03
2.56
Indonesia
:
0.46
0.03
1.80
1.83
0.02
0.05
0.39
Thailand
:
0.29
3/
1.70
1.68
0.00
0.03
0.29
Bangladesh
:
0.74
0.06
3.85
3.90
0.00
0.01
0.74
Vietnam
:
0.37
0.02
1.68
1.73
0.00
0.00
0.34
================================================================================
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, Burkino Faso, Cameroon, Central
African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/
Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe.
8/ In addition to the countries and regions listed, includes Hong Kong, Japan,
Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade.
WASDE-494-27
May 2011
World Cotton Supply and Use 1/

(Million 480-pound bales)
================================================================================
:
Supply
:
Use
:
:
Region
:=========================:================: Loss : Ending
:Beginning:Produc-:Imports:Domestic:Exports: 2/ : stocks
: stocks : tion :
:
:
:
:
================================================================================
:
:
2011/12 (Projected)
World
:
May
:
42.52 124.72
39.86 119.50
39.87 -0.20 47.93
United States
:
May
:
1.75
18.00
0.01
3.80
13.50 -0.04
2.50
Total foreign
:
May
:
40.77 106.72
39.86 115.70
26.37 -0.15 45.43
May
:
19.73
54.94
1.32
31.26
22.87 -0.26 22.12
Central Asia 5/May :
1.88
7.26
0.01
1.96
5.22
0.00
1.97
Afr. Fr. Zn. 6/May :
0.55
2.98
3/
0.18
2.59
0.00
0.75
S. Hemis 7/
May :
11.97
16.03
0.27
5.95
9.89 -0.28 12.70
Australia
May :
2.26
4.25
3/
0.04
4.30 -0.15
2.32
Brazil
May :
8.05
9.30
0.10
4.60
4.50 -0.15
8.50
India
May :
5.05
27.00
0.50
21.50
4.80
0.00
6.25
May
:
19.54
48.85
36.06
80.32
2.32
0.11 21.71
Mexico
May :
0.49
1.00
1.35
1.95
0.23
0.03
0.64
China
May :
12.17
33.00
16.00
48.00
0.05
0.00 13.12
EU-27 9/
May :
0.43
1.64
0.91
0.99
1.32
0.05
0.62
Turkey
May :
1.46
2.80
3.50
6.10
0.15 -0.08
1.59
Pakistan
May :
2.56
10.30
1.40
10.75
0.40
0.03
3.08
Indonesia
May :
0.39
0.03
1.95
1.90
0.02
0.05
0.40
Thailand
May :
0.29
3/
1.78
1.73
0.00
0.03
0.32
Bangladesh
May :
0.74
0.07
4.00
4.00
0.00
0.01
0.80
Vietnam
May :
0.34
0.02
1.85
1.80
0.00
0.00
0.42
================================================================================
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, Burkino Faso, Cameroon, Central
African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/
Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe.
8/ In addition to the countries and regions listed, includes Hong Kong, Japan,
Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade.
WASDE-494-28
May 2011
World Soybean Supply and Use 1/

===============================================================================
:
Supply
:
Use
:
:=========================:=======================:Ending
Region
:
:
:
:
:
:stocks
:Beginning:Produc-:
:
Domestic
:
:
: stocks : tion :Imports: Crush : Total :Exports:
===============================================================================
:
:
2009/10
World 2/
:
42.58 260.84
86.80 209.57 238.35
92.65
59.22
United States
:
3.76
91.42
0.40
47.67
50.62
40.85
4.11
Total foreign
:
38.82 169.42
86.40 161.90 187.73
51.80
55.11
28.75 130.70
0.19
69.56
74.24
47.02
38.39
Argentina
:
16.59
54.50
0.00
34.13
35.72
13.09
22.28
Brazil
:
12.04
69.00
0.17
33.74
36.63
28.58
16.00
8.54
17.02
73.54
69.29
84.90
0.24
13.95
China
:
7.56
14.98
50.34
48.83
59.43
0.18
13.26
EU-27
:
0.56
0.84
12.30
12.51
13.38
0.04
0.28
Japan
:
0.18
0.22
3.40
2.37
3.58
0.00
0.22
Mexico
:
0.04
0.11
3.52
3.58
3.62
0.00
0.05
:
:
2010/11 (Estimated)
World 2/
:
59.22 261.97
92.62 223.96 254.38
95.62
63.81
United States
:
4.11
90.61
0.41
44.91
48.31
42.18
4.63
Total foreign
:
55.11 171.36
92.22 179.06 206.07
53.44
59.18
38.39 130.60
0.05
75.70
80.61
47.74
40.70
Argentina
:
22.28
49.50
0.00
38.35
39.98
9.50
22.30
Brazil
:
16.00
73.00
0.03
35.50
38.60
32.25
18.18
13.95
17.50
79.74
77.94
94.27
0.28
16.64
China
:
13.26
15.20
54.50
56.10
67.05
0.20
15.71
EU-27
:
0.28
1.08
14.00
13.60
14.80
0.05
0.50
Japan
:
0.22
0.22
3.35
2.35
3.57
0.00
0.22
Mexico
:
0.05
0.11
3.70
3.77
3.81
0.00
0.05
:
:
2011/12 (Projected)
World 2/
:
May
:
63.81 263.29
96.24 232.29 262.69
98.79
61.85
United States
:
May
:
4.63
89.40
0.41
45.04
48.17
41.91
4.36
Total foreign
:
May
:
59.18 173.88
95.83 187.25 214.52
56.88
57.49
May
:
40.70 133.00
0.07
78.35
83.50
50.80
39.47
Argentina
May :
22.30
53.00
0.00
39.70
41.35
11.80
22.15
Brazil
May :
18.18
72.50
0.05
36.80
40.10
33.50
17.13
May
:
16.64
17.13
82.73
83.10
99.48
0.36
16.66
China
May :
15.71
14.80
58.00
61.50
72.50
0.30
15.71
EU-27
May :
0.50
1.10
13.30
13.20
14.40
0.03
0.47
Japan
May :
0.22
0.22
3.40
2.37
3.60
0.00
0.25
Mexico
May :
0.05
0.11
3.75
3.80
3.84
0.00
0.07
===============================================================================
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 and Paraguay. 4/ Japan, China, and EU, Mexico, and
Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand).
WASDE-494-29
May 2011
World Soybean Meal Supply and Use 1/

===============================================================================
:
Supply
:
Use
:
:=========================:===================: Ending
Region
:
:
:
:
:
: stocks
:Beginning:Produc-:
: Total
:
:
===============================================================================
:
:
2009/10
World 2/
:
4.49 165.30
53.15
161.21
55.72
6.02
United States
:
0.21
37.83
0.15
27.78
10.14
0.27
Total foreign
:
4.28 127.47
53.01
133.44
45.58
5.74
2.79
58.76
0.10
16.27
41.05
4.33
Argentina
:
0.85
26.62
0.00
0.69
24.91
1.87
Brazil
:
1.84
26.15
0.09
12.84
12.99
2.26
India
:
0.10
5.99
0.01
2.75
3.15
0.21
0.42
50.17
28.86
77.33
1.71
0.42
EU-27
:
0.13
9.88
20.73
30.14
0.47
0.13
China
:
0.00
38.64
0.08
37.55
1.18
0.00
:
:
2010/11 (Estimated)
World 2/
:
6.02 176.97
58.05
174.90
59.64
6.50
United States
:
0.27
35.91
0.15
27.76
8.30
0.27
Total foreign
:
5.74 141.05
57.90
147.13
51.34
6.22
4.33
64.53
0.07
17.31
47.10
4.51
Argentina
:
1.87
29.92
0.00
0.71
29.10
1.97
Brazil
:
2.26
27.51
0.07
13.40
14.10
2.34
India
:
0.21
7.10
0.01
3.21
3.90
0.21
0.42
56.90
32.27
87.52
1.30
0.77
EU-27
:
0.13
10.71
23.25
33.26
0.45
0.39
China
:
0.00
44.43
0.30
43.93
0.80
0.00
:
:
2011/12 (Projected)
World 2/
:
May
:
6.50 183.19
58.90
181.43
60.61
6.55
United States
:
May
:
0.27
35.64
0.15
27.94
7.85
0.27
Total foreign
:
May
:
6.22 147.55
58.75
153.49
52.76
6.27
May
:
4.51
66.51
0.05
17.86
48.51
4.71
Argentina
May :
1.97
30.97
0.00
0.74
30.11
2.09
Brazil
May :
2.34
28.52
0.05
13.90
14.59
2.43
India
May :
0.21
7.03
0.00
3.23
3.81
0.20
May
:
0.77
60.95
32.40
92.16
1.30
0.66
EU-27
May :
0.39
10.40
23.00
33.06
0.45
0.28
China
May :
0.00
48.71
0.35
48.26
0.80
0.00
===============================================================================
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/ Eastern Europe, China, EU,
and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand).
WASDE-494-30
May 2011
World Soybean Oil Supply and Use 1/

===============================================================================
:
Supply
:
Use
:
:=========================:===================: Ending
Region
:
:
:
:
:
: stocks
:Beginning:Produc-:
: Total
:
:
===============================================================================
:
:
2009/10
World 2/
:
3.20
38.89
8.71
38.26
9.27
3.27
United States
:
1.30
8.90
0.05
7.20
1.52
1.52
Total foreign
:
1.90
30.00
8.66
31.07
7.74
1.75
0.63
15.23
0.58
9.34
6.28
0.81
Argentina
:
0.08
6.48
0.00
1.93
4.45
0.18
Brazil
:
0.32
6.47
0.04
5.02
1.45
0.35
EU-27
:
0.23
2.28
0.54
2.40
0.38
0.28
0.59
10.07
3.14
13.23
0.08
0.49
China
:
0.48
8.73
1.51
10.44
0.08
0.21
India
:
0.10
1.34
1.60
2.76
0.00
0.28
Pakistan
:
0.01
0.00
0.03
0.04
0.00
0.00
:
:
2010/11 (Estimated)
World 2/
:
3.27
41.84
9.42
41.84
10.00
2.69
United States
:
1.52
8.64
0.08
7.62
1.50
1.12
Total foreign
:
1.75
33.20
9.34
34.22
8.50
1.57
0.81
16.60
0.97
10.61
7.08
0.69
Argentina
:
0.18
7.31
0.00
2.27
5.08
0.14
Brazil
:
0.35
6.81
0.02
5.29
1.60
0.29
EU-27
:
0.28
2.48
0.95
3.05
0.40
0.26
0.49
11.63
2.79
14.57
0.04
0.30
China
:
0.21
10.04
1.75
11.77
0.04
0.18
India
:
0.28
1.59
1.00
2.75
0.00
0.12
Pakistan
:
0.00
0.00
0.04
0.04
0.00
0.00
:
:
2011/12 (Projected)
World 2/
:
May
:
2.69
43.27
8.91
43.50
9.20
2.18
United States
:
May
:
1.12
8.57
0.08
8.14
0.73
0.91
Total foreign
:
May
:
1.57
34.69
8.83
35.35
8.47
1.27
May
:
0.69
17.02
0.75
10.81
7.09
0.56
Argentina
May :
0.14
7.55
0.00
2.39
5.13
0.17
Brazil
May :
0.29
7.06
0.00
5.55
1.61
0.19
EU-27
May :
0.26
2.41
0.75
2.87
0.35
0.20
May
:
0.30
12.58
2.69
15.30
0.04
0.22
China
May :
0.18
11.01
1.85
12.82
0.04
0.18
India
May :
0.12
1.57
0.80
2.45
0.00
0.04
Pakistan
May :
0.00
0.00
0.04
0.04
0.00
0.00
===============================================================================
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 EU. 4/ India, China and Pakistan.
WASDE-494-31
May 2011
U.S. Quarterly Animal Product Production 1/

===============================================================================
Year :
:
: Red :
:
: Total:
Red :
:
:
and
:
:
: meat :
:
:poultry: meat & :
:
:
quarter : Beef : Pork : 2/ :Broiler:Turkey:
3/ : poultry: Egg : Milk :
===============================================================================
:
Million pounds
Mil doz Bil lbs
2010 :
II :
6547
5302 11920
9198
1383
10706
22626
1898
49.8
III :
6768
5401 12242
9496
1415
11049
23291
1916
48.1
IV :
6741
6126 12944
9484
1506
11115
24059
1933
47.5
Annual : 26304 22437 49039
36911
5643
43058
92097
7622
192.8
:
2011 :
I :
6411
5720 12200
9288
1402
10811
23011
1889
48.4
II* :
6715
5355 12142
9325
1420
10865
23007
1910
50.3
III* :
6770
5535 12375
9425
1440
10990
23365
1920
48.5
IV* :
6325
6015 12412
9375
1465
10970
23382
1930
48.2
Annual :
Apr Proj : 26095 22595 48971
37420
5665
43595
92566
7665
195.9
May Proj : 26221 22625 49129
37413
5727
43636
92765
7649
195.4
:
2012 :
I* :
5950
5730 11752
9285
1410
10820
22572
1885
49.6
Annual :
Apr Proj :
NA
NA
NA
NA
NA
NA
NA
NA
NA
May Proj : 25080 22950 48310
38140
5815
44470
92780
7670
198.7
===============================================================================
* 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 1/

===============================================================================
Year :
Barrows :
:
:
:
:
and
: Steers :and gilts : Broilers : Turkeys :
Eggs
:
Milk
:
quarter :
2/
:
3/
:
4/
:
5/
:
6/
:
7/
:
===============================================================================
: Dol./cwt
Dol./cwt
Cents/lb. Cents/lb. Cents/doz.
Dol./cwt
2010 :
II :
96.33
59.60
85.0
84.4
82.8
15.07
III :
95.47
60.13
84.5
97.9
93.1
16.80
IV :
100.28
50.11
80.0
103.7
123.2
17.70
Annual :
95.38
55.06
82.9
90.4
106.3
16.29
:
2011 :
I :
110.07
59.94
77.9
90.2
105.8
18.73
II* :
111-115
67-69
83-85
97-99
97-99 19.60-19.90
III* :
111-117
65-69
84-90
99-105
96-102 19.25-19.85
IV* :
110-120
57-61
84-92
102-110
108-116 18.35-19.25
Annual :
Apr Proj :
109-114
62-65
82-86
93-98
99-104 18.15-18.65
May Proj :
111-115
62-65
82-86
97-101
101-106 18.95-19.45
:
2012 :
I* :
110-120
60-64
82-88
86-94
103-111 17.30-18.30
Annual :
Apr Proj :
NA
NA
NA
NA
NA
NA
May Proj :
111-120
61-66
83-89
92-100
100-108 17.35-18.35
===============================================================================
*Projection.
1/ Simple average of months. 2/ 5-Area, Direct, Total all grades 3/ National
Base, Live equiv 51-52% lean. 4/ Wholesale, 12-city average. 5/ 8-16 lbs, hens
National. 6/ Grade A large, New York, volume buyers. 7/ Prices
received by farmers for all milk.
WASDE-494-32
May 2011
U.S. Meats Supply and Use

===============================================================================
:
Supply
:
Use
:---------------------------------------------------------:
:
:
:
:
:
: Disappearance
:
: Pro- :
:
:
:
:-------------: Beg- : duc- :
:
:
: End- :
: Per
Item
:inning: tion : Im- : Total : Ex- : ing :
:capita
:stocks:
1/ :ports: supply: ports:stocks:Total : 2/ 3/
===============================================================================
:
Million pounds 4/
BEEF
:
2010
:
565
26414 2297
29276
2299
585 26392
59.6
2011 Proj.
Apr :
585
26197 2235
29017
2475
515 26027
58.3
May :
585
26331 2180
29096
2475
515 26106
58.4
2012 Proj.
Apr :
NA
NA
NA
NA
NA
NA
NA
NA
May :
515
25190 2475
28180
2450
520 25210
56.0
:
PORK
:
2010
:
525
22456
859
23840
4227
541 19072
47.7
2011 Proj.
Apr :
541
22616
910
24067
4675
550 18842
46.8
May :
541
22644
895
24080
4675
550 18855
46.8
2012 Proj.
Apr :
NA
NA
NA
NA
NA
NA
NA
NA
May :
550
22969
895
24414
4775
550 19089
47.0
:
TOTAL RED MEAT 5/
:
2010
: 1114
49183 3321
53618
6542
1145 45931 108.6
2011 Proj.
Apr : 1145
49110 3313
53568
7166
1082 45320 106.3
May : 1145
49274 3243
53662
7166
1082 45414 106.5
2012 Proj.
Apr : NA
NA
NA
NA
NA
NA
NA
NA
May : 1082
48454 3548
53084
7239
1087 44758 104.2
:
BROILERS 7/
:
2010
:
616
36516
107
37239
6773
773 29693
82.3
2011 Proj.
Apr :
773
37020
96
37889
6550
630 30709
84.4
May :
773
37013
104
37890
6400
630 30860
84.8
2012 Proj.
Apr :
NA
NA
NA
NA
NA
NA
NA
NA
May :
630
37732
104
38466
6700
710 31056
84.6
:
TURKEYS 7/
:
2010
:
262
5569
25
5856
583
192
5081
16.4
2011 Proj.
Apr :
192
5591
24
5807
560
225
5022
16.1
May :
192
5652
28
5872
615
200
5057
16.2
2012 Proj.
Apr :
NA
NA
NA
NA
NA
NA
NA
NA
May :
200
5739
28
5967
600
215
5152
16.3
:
TOTAL POULTRY 6/ 7/:
2010
:
880
42589
136
43605
7435
969 35201 100.0
2011 Proj.
Apr :
969
43120
124
44213
7195
859 36159 101.8
May :
969
43160
136
44265
7100
834 36331 102.3
2012 Proj.
Apr :
NA
NA
NA
NA
NA
NA
NA
NA
May :
834
43985
136
44955
7390
929 36636 102.3
:
RED MEAT & POULTRY :
2010
: 1994
91772 3457
97223 13977
2114 81132 208.6
2011 Proj.
Apr : 2114
92230 3437
97781 14361
1941 81479 208.0
May : 2114
92434 3379
97927 14266
1916 81745 208.7
2012 Proj.
Apr : NA
NA
NA
NA
NA
NA
NA
NA
May : 1916
92440 3684
98040 14629
2016 81395 206.5
===============================================================================
1/ Total including farm production for red meats and, for poultry, federally inspected
plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis.
3/ Population source: Dept. of Commerce, Census Bureau. 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. 7/ Poultry imports are adjusted beginning with
2000 to reflect changes in tariff line aggregations. Contact USDA's Economic Research
Service (202) 694-5177 for historical revisions.
WASDE-494-33
May 2011
U.S. Egg Supply and Use

===============================================================================
:
:
: 2011 Projected : 2012 Projected
:
:
:-----------------:----------------Commodity
: 2009 : 2010 :
Apr :
May :
Apr :
May
===============================================================================
EGGS
:
Million dozen
Supply
:
Beginning stocks
:
17.2
18.0
19.3
19.3
NA
19.0
Production
: 7546.1 7622.0 7665.0
7648.5
NA
7670.0
Imports
:
10.5
11.8
12.0
12.0
NA
12.0
Total supply
: 7573.8 7651.8 7696.3
7679.8
NA
7701.0
:
Use
:
Exports
:
242.2
258.2
242.0
242.0
NA
250.0
Hatching use
:
955.2
982.7
980.0
978.1
NA
1010.0
Ending stocks
:
18.0
19.3
19.0
19.0
NA
19.0
Disappearance
:
Total
: 6358.4 6391.6 6455.3
6440.7
NA
6422.0
Per capita (number)
:
248.2
247.4
247.7
247.1
NA
244.4
===============================================================================
U.S. Milk Supply and Use
===============================================================================
:
:
Commodity
:
:
:-----------------:----------------: 2009 : 2010 :
Apr :
May :
Apr :
May
===============================================================================
:
Billion pounds
Milk
:
Production
:
189.3
192.8
195.9
195.4
NA
198.7
Farm use
:
1.0
1.0
1.0
1.0
NA
1.0
:
Fat Basis Supply
:
Beg. commercial stocks :
10.1
11.3
10.9
10.9
NA
11.3
Marketings
:
188.3
191.8
194.9
194.5
NA
197.7
Imports
:
5.6
4.1
3.7
3.2
NA
3.0
Total cml. supply
:
204.0
207.2
209.5
208.6
NA
212.0
:
Fat Basis Use
:
Commercial Exports
:
4.5
8.3
7.0
7.8
NA
8.7
Ending commercial stks :
11.3
10.9
11.4
11.3
NA
11.3
CCC net removals 1/
:
0.7
0.2
0.0
0.0
NA
0.0
Commercial use 2/
:
187.3
187.8
191.1
189.4
NA
192.0
:
Skim-solids Basis Supply
:
Beg. commercial stocks :
10.9
11.3
12.3
12.3
NA
11.9
Marketings
:
188.3
191.8
194.9
194.5
NA
197.7
Imports
:
5.5
4.8
4.8
4.3
NA
4.1
Total cml. supply
:
204.7
208.0
212.0
211.1
NA
213.7
:
Skim-solids Basis Use
:
Commercial Exports
:
22.4
32.1
31.3
31.9
NA
32.3
Ending commercial stks :
11.3
12.3
12.2
11.9
NA
11.8
CCC net removals 1/
:
2.9
0.0
0.0
0.0
NA
0.0
Commercial use 2/
:
168.6
164.0
168.5
167.3
NA
169.7
:
:
Million pounds
CCC product net removals 1/:
Butter
:
30
8
0
0
NA
0
Cheese
:
3
0
0
0
NA
0
Nonfat dry milk
:
248
0
0
0
NA
0
Dry whole milk
:
0
0
0
0
NA
0
===============================================================================
Note: Totals may not add due to rounding. 1/ Includes products exported under the Dairy Export
Incentive Program. 2/ Domestic commercial use only. 2009 and 2010 adjusted for the Barter Program
WASDE-494-34
May 2011
U.S. Dairy Prices

===========================================================================
:
:
:
:
:-----------------:----------------Commodity
: 2009 : 2010 :
Apr :
May :
Apr :
May
===========================================================================
:
Dollars per pound
:
Product Prices 1/
:
Cheese
:
1.2963 1.5226 1.6651.670NA
1.595:
1.715
1.720
1.695
:
Butter
:
1.2094 1.7020 1.7351.840NA
1.605:
1.815
1.920
1.735
:
Nonfat dry milk
:
0.9222 1.1687 1.3751.480NA
1.360:
1.415
1.520
1.430
:
Dry whey
:
0.2584 0.3716 0.4100.450NA
0.405:
0.440
0.480
0.435
:
:
Dollars per cwt
Milk Prices 2/
:
Class III
:
11.36
14.41 16.1016.45NA
15.35:
16.60
16.95
16.35
:
Class IV
:
10.89
15.09 17.0518.40NA
16.30:
17.65
19.00
17.40
:
All milk 3/
:
12.83
16.29 18.1518.95NA
17.35:
18.65
19.45
18.35
:
===========================================================================
1/ Simple average of monthly prices calculated by AMS from NASS 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.
WASDE-494-35
May 2011
Note: Tables on pages 35-37 present a record of the May 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 3.2 percent. Chances are
9 out of 10 (90% confidence level) that the difference will not exceed 5.4
percent. The average difference between the May projection and the final
estimate is 15.5 million tons, ranging from 1.7 million to 35.0 million tons.
The May projection has been below the estimate 17 times and above 13 times.
Reliability of May Projections
=================================================================================
:
:
:
Difference between forecast
:
:
:
and final estimate
:
:
:=======================================
:
:90 percent :
:
:
:
Years
Crop
: Root mean :confidence :
:
:
:==============
:square error: interval :
:
:
: Below : Above
:
:
:Average:Smallest:Largest: final : final
=================================================================================
WHEAT
:
Percent
Million metric tons
Production
:
World
:
3.2
5.4
15.5
1.7
35.0
17
13
U.S.
:
7.0
11.9
3.2
0.0
9.8
15
15
Foreign :
3.4
5.7
14.2
1.6
32.9
16
14
Exports
:
World
:
5.7
9.6
5.0
0.1
16.3
20
10
U.S.
:
12.3
21.0
3.0
0.0
10.2
18
11
Foreign :
6.6
11.2
4.6
0.4
15.2
20
10
Domestic use :
World
:
2.2
3.7
9.1
0.3
28.0
19
11
U.S.
:
7.7
13.0
1.9
0.2
6.4
16
14
Foreign :
2.1
3.6
8.3
0.2
24.7
20
10
Ending stocks:
World
:
10.8
18.3
12.3
0.4
34.1
18
12
U.S.
:
22.2
37.8
3.8
0.7
14.1
16
14
Foreign :
11.0
18.6
10.3
2.5
28.3
17
13
COARSE GRAINS 2/:
Production
:
World
:
3.7
6.4
25.7
1.1
75.3
14
16
U.S.
:
14.2
24.1
19.4
0.9
70.3
16
14
Foreign :
2.9
4.9
13.9
0.3
42.8
11
19
Exports
:
World
:
7.4
12.7
6.8
1.3
16.9
20
10
U.S.
:
18.3
31.2
7.7
0.1
22.8
12
18
Foreign :
14.7
25.0
6.2
0.3
20.8
19
11
Domestic use :
World
:
1.9
3.2
13.4
0.4
32.4
14
16
U.S.
:
6.1
10.4
7.7
0.2
33.0
19
11
Foreign :
2.0
3.4
10.0
0.5
32.8
14
16
Ending stocks:
World
:
22.1
37.6
24.1
2.6
71.4
18
12
U.S.
:
56.4
95.9
18.8
1.3
57.6
14
16
Foreign :
18.7
31.8
11.9
0.0
33.8
20
10
RICE, milled
:
Production
:
World
:
2.6
4.5
7.4
0.0
21.8
18
12
U.S.
:
6.8
11.6
0.3
0.0
1.0
17
13
Foreign :
2.7
4.5
7.4
0.4
22.0
18
12
Exports
:
World
:
10.4
17.7
1.6
0.1
7.5
22
8
U.S.
:
12.0
20.5
0.2
0.0
1.0
17
10
Foreign :
11.2
19.0
1.5
0.2
7.1
22
8
Domestic use :
World
:
2.1
3.6
5.4
0.0
19.4
21
9
U.S.
:
10.1
17.2
0.2
0.0
0.6
11
18
Foreign :
2.1
3.6
5.4
0.3
20.0
22
8
Ending stocks:
World
:
15.4
26.2
5.2
0.1
17.0
21
9
U.S.
:
35.7
60.7
0.3
0.0
0.9
17
11
Foreign :
16.9
28.8
5.1
0.1
16.7
21
9
=================================================================================
1/ Footnotes at end of table.
CONTINUED
WASDE-494-36
May 2011
Reliability of May Projections (Continued)

=================================================================================
:
:
:
:
:
:
and final estimate
:
:
:=======================================
:
:90 percent :
:
:
:
Years
Crop
:
:
:==============
:
:
: Below : Above
:
:
=================================================================================
SOYBEANS
:
Percent
Million metric tons
Production
:
World
:
NA
NA
13.3
10.8
15.7
2
0
U.S.
:
9.3
15.9
4.2
0.0
12.0
15
15
Foreign :
NA
NA
10.8
10.3
11.3
2
0
Exports
:
World
:
NA
NA
8.9
7.1
10.6
2
0
U.S.
:
16.6
28.2
2.8
0.0
6.7
17
12
Foreign :
NA
NA
3.2
2.1
4.3
2
0
Domestic use :
World
:
NA
NA
6.8
4.2
9.4
2
0
U.S.
:
7.0
11.9
2.2
0.1
7.5
19
11
Foreign :
NA
NA
6.7
3.4
10.0
2
0
Ending stocks:
World
:
NA
NA
8.1
5.2
11.1
1
1
U.S.
:
63.8
108.3
3.0
0.2
8.4
8
22
Foreign :
NA
NA
6.6
1.0
12.2
2
0
:
COTTON
:
Million 480-pound bales
Production
:
World
:
6.6
11.1
4.4
0.1
16.7
19
11
U.S.
:
11.3
19.1
1.6
0.1
5.5
15
15
Foreign :
6.7
11.4
3.6
0.3
12.2
17
13
Exports
:
World
:
11.0
18.7
2.2
0.1
12.4
15
15
U.S.
:
32.9
55.9
1.4
0.1
3.9
19
11
Foreign :
14.1
23.9
1.5
0.1
10.4
15
15
Mill use
:
World
:
4.4
7.5
2.9
0.1
17.2
13
17
U.S.
:
10.2
17.3
0.6
0.0
1.4
16
13
Foreign :
4.5
7.6
2.8
0.0
16.5
15
15
Ending stocks:
World
:
19.1
32.5
6.2
1.0
15.4
20
10
U.S.
:
47.7
81.1
1.7
0.0
4.3
14
16
Foreign :
18.0
30.6
5.0
0.1
13.1
20
10
=================================================================================
1/ Marketing years 1981/82 through 2009/10 for grains, soybeans (U.S. only) and
cotton. Marketing years 2009/10 and 2010/11 for global and foreign soybeans.
Final for grains, soybeans, and cotton is defined as the first November
estimate following the marketing year, and for 2010/11 last month's estimate.
2/ Includes corn, sorghum, barley, oats, rye, millet, and mixed grain.
WASDE-494-37
May 2011
Reliability of United States May Projections 1/

=================================================================================
:
:
:
:
:
:
and final estimate
:
:
:=======================================
:
:90 percent :
:
:
:
Years
Crop
:
:
:==============
:
:
: Below : Above
:
:
=================================================================================
CORN
:
Percent
Million bushels
Production
:
15.2
25.9
680
8
2379
13
17
Exports
:
19.1
32.4
281
0
850
13
16
Domestic use :
6.5
11.1
301
15
1095
20
10
Ending stocks:
69.1
117.5
672
41
2091
14
16
:
SORGHUM
:
Production
:
18.7
31.7
91
0
228
13
16
Exports
:
23.7
40.3
42
0
118
14
15
Domestic use :
17.9
30.4
55
0
162
13
16
Ending stocks:
64.1
108.8
57
1
238
12
18
:
BARLEY
:
Production
:
15.4
26.3
31
1
206
11
19
Exports
:
78.7
133.9
17
0
92
15
13
Domestic use :
12.1
20.6
33
1
95
15
15
Ending stocks:
20.7
35.2
25
0
78
13
16
:
OATS
:
Production
:
26.7
45.4
37
1
231
8
22
Exports
:
120.2
204.2
1
0
8
8
10
Domestic use :
11.9
20.2
24
5
160
10
20
Ending stocks:
23.0
39.1
18
0
77
9
18
:
:
Thousand short tons
SOYBEAN MEAL
:
Production
:
6.3
10.7
1463
92
5344
19
11
Exports
:
19.8
33.7
1061
0
2750
17
12
Domestic use :
4.8
8.2
879
24
4950
15
15
Ending stocks:
47.7
81.1
66
0
388
11
15
:
:
Million pounds
SOYBEAN OIL
:
Production
:
5.9
10.1
698
18
2500
20
10
Exports
:
38.2
64.9
518
25
1700
16
14
Domestic use :
4.3
7.3
476
8
1800
19
11
Ending stocks:
40.1
68.2
500
25
1702
18
12
-------------------------------------------------------------------------------:
ANIMAL PROD.
:
Million pounds
Beef
:
4.6
8.1
934
177
2727
12
5
Pork
:
3.4
6.2
511
61
1722
11
5
Broilers
:
2.6
4.6
722
80
1640
7
10
Turkeys
:
4.1
7.1
169
2
477
9
8
:
:
Million dozen
Eggs
:
1.3
2.3
74
2
159
10
7
:
:
Billion pounds
Milk
:
1.8
3.2
2.6
0.2
6.7
9
8
================================================================================
1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice,
soybeans, and cotton. Marketing years 1981/82 through 2009/10 for grains,
soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the
first November estimate following the marketing year, and for 2010/11 last
month's estimate. Calendar years 1995 through 2011 for meats, eggs, and milk.
Final for animal products is defined as latest annual production estimate
published by NASS for 1995-2010, and for 2011 last month's estimate.
WASDE-494-38
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 USDAs 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
http://www.fas.usda.gov/psd/online. 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 Office of Global Analysis, International Production Assessment
Division of the Foreign Agricultural Service. Contacts for the Office of Global Analysis are located at
www.fas.usda.gov/oga.asp.
Metric Conversion Factors

1 Hectare = 2.4710 Acres
1 Kilogram = 2.20462 Pounds
Metric-Ton Equivalent
= Domestic Unit
Factor
Wheat & Soybeans

Rice
Corn, Sorghum, & Rye
Barley
Oats
Sugar
Cotton
bushels
cwt
bushels
bushels
bushels
short tons
480-lb bales
.027216
.045359
.025401
.021772
.014515
.907185
.217720
UNITED STATES DEPARTMENT OF AGRICULTURE

WORLD AGRICULTURAL OUTLOOK BOARD
WASHINGTON, D.C. 20250-3812
___________________
OFFICIAL BUSINESS
Penalty for Private Use, $300
FIRST-CLASS MAIL
POSTAGE & FEES PAID
USDA
PERMIT NO. G-289
World Agricultural Supply and Demand Estimates

WASDE- 494 May 11, 2011
Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/.

Get a free e-mail subscription to the WASDE and other USDA crop reports at
http://usda.mannlib.cornell.edu. Select the Reports by E-Mail bar to sign up.
Print Subscriptions: For print subscriptions, call the National Technical Information Service
(NTIS) at 1-800-999-6779 or 703-605-6220.
.The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of
race, color, national origin, age, disability, and where applicable, sex, marital status, familial status, parental status,
religion, sexual orientation, genetic information, political beliefs, reprisal, or because all or a part of an individual's
income is derived from any public assistance program. (Not all prohibited bases apply to all programs.) Persons with
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etc.) should contact USDA's TARGET Center at (202) 720-2600 (voice and TDD). To file a complaint of discrimination
write to USDA, Director, Office of Civil Rights, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410 or
call (800) 795-3272 (voice) or (202) 720-6382 (TDD). USDA is an equal opportunity provider and employer.

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ISSN: 1554-9089

World Agricultural Supply

Agricultural Marketing Service

Economic Research Service

Approved by the World Agricultural Outlook Board

May 11, 2011

INTERAGENCY COMMODITY ESTIMATES COMMITTEES

Wheat: Jerry Norton, ICEC Chair, WAOB, E-mail: [email protected]

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

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

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

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

U.S. Wheat Supply and Use 1/

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

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

U.S. Rice Supply and Use 1/

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

U.S. Sugar Supply and Use 1/

U. S. Cotton Supply and Use 1/

World Wheat Supply and Use 1/

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

World Coarse Grain Supply and Use 1/

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

World Corn Supply and Use 1/

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

World Rice Supply and Use (Milled Basis) 1/

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

World Cotton Supply and Use 1/

World Cotton Supply and Use 1/

World Soybean Supply and Use 1/

World Soybean Meal Supply and Use 1/

World Soybean Oil Supply and Use 1/

U.S. Quarterly Animal Product Production 1/

U.S. Quarterly Prices for Animal Products 1/

U.S. Meats Supply and Use

U.S. Egg Supply and Use

U.S. Dairy Prices

Reliability of May Projections (Continued)

Reliability of United States May Projections 1/

Related USDA Reports

Supply and Demand Database

Foreign Production Assessments

Metric Conversion Factors

Wheat & Soybeans

UNITED STATES DEPARTMENT OF AGRICULTURE

World Agricultural Supply and Demand Estimates

Electronic Subscriptions: Download the WASDE report at http://usda.mannlib.cornell.edu/.

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