USDA Supply/Demand : U.S. Soybeans And Products- Jul 12

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07/12/2018 | 06:15 pm


U.S. Soybeans and Products Supply and Use (Domestic Measure)
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Item 2017/2018 2018/2019
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SOYBEANS Million acres
Area
Planted 90.1 90.1 89.0 * 89.6 **
Harvested 89.5 89.5 88.2 * 88.9 **
Bushels
Yield per harvested
acre 49.1 49.1 48.5 * 48.5 **
Million bushels
Beginning stocks 302 302 505 465
Production 4,392 4,392 4,280 4,310
Imports 25 22 25 25
Supply, total 4,718 4,715 4,810 4,800
Crushings 2,015 2,030 2,000 2,045
Exports 2,065 2,085 2,290 2,040
Seed 103 104 103 103
Residual 30 32 32 32
Use, total 4,213 4,251 4,425 4,220
Ending stocks 505 465 385 580
Avg farm prc ($/bu) 9.40 9.35 8.75 - 11.25 8.00 - 10.50
Million pounds
SOYBEAN OIL
Beginning stocks 1,711 1,711 2,176 2,316
Production 23,150 23,440 23,100 23,620
Imports 315 315 300 300
Supply, total 25,176 25,466 25,576 26,236
Domestic Disappearance 20,600 20,700 21,300 21,800
Biodiesel 6,800 6,900 7,300 7,800
Food,Feed & Other
Industrial 13,800 13,800 14,000 14,000
Exports 2,400 2,450 2,100 2,200
Use, total 23,000 23,150 23,400 24,000
Ending stocks 2,176 2,316 2,176 2,236
Avg farm prc (c/lb) 30.50 30.25 29.50 - 33.50 28.00 - 32.00
Thousand short tons
SOYBEAN MEAL
Beginning stocks 401 401 300 400
Production 47,699 48,299 47,450 48,450
Imports 500 500 350 350
Supply, total 48,600 49,200 48,100 49,200
Domestic 35,200 35,300 35,400 35,700
Exports 13,100 13,500 12,400 13,100
Use, total 48,300 48,800 47,800 48,800
Ending stocks 300 400 300 400
Avg farm prc ($/s.t) 360.00 350.00 330.00 - 370.00 315.00 - 355.00
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