new crop u.s. soybean sales fall on surging south ......2015/08/12  · 2015/16 trade outlook united...

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United States Department of Agriculture Foreign Agricultural Service Approved by the World Agricultural Outlook Board/USDA August 2015 New Crop U.S. Soybean Sales Fall on Surging South American Exports As of the beginning of August, U.S. outstanding sales for the next marketing year are running at only half the volume observed over the past two years. This is the slowest pace of new crop sales since 2008 and has occurred despite ample supplies and growing China demand. Several factors have contributed to the slow sales seen thus far. September 1 U.S. stocks are forecast to be over twice as large as observed in the previous year. These abundant stocks reduce the risk that buyers face in securing supplies, making it less critical to book sales in advance. Additionally, the United States is facing strong competition from record South American supplies. The weakening Brazilian real has continued to spur sales while Argentina’s exports are up significantly from last year. With record monthly South American exports expected through September, early season U.S. sales are expected to remain sluggish. For an email subscription, click here to register: https://public.govdelivery.com/accounts/USDAFAS/subscriber/new

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Page 1: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

United States Department of Agriculture Foreign Agricultural Service

Approved by the World Agricultural Outlook Board/USDA

August 2015

New Crop U.S. Soybean Sales Fall on Surging South American Exports

As of the beginning of August, U.S. outstanding sales for the next marketing year are running at only half the volume observed over the past two years. This is the slowest pace of new crop sales since 2008 and has occurred despite ample supplies and growing China demand. Several factors have contributed to the slow sales seen thus far. September 1 U.S. stocks are forecast to be over twice as large as observed in the previous year. These abundant stocks reduce the risk that buyers face in securing supplies, making it less critical to book sales in advance. Additionally, the United States is facing strong competition from record South American supplies. The weakening Brazilian real has continued to spur sales while Argentina’s exports are up significantly from last year. With record monthly South American exports expected through September, early season U.S. sales are expected to remain sluggish. For an email subscription, click here to register: https://public.govdelivery.com/accounts/USDAFAS/subscriber/new

Page 2: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

OVERVIEW

2015/16 Global soybean production is raised this month as a higher U.S. yield resulted in a larger production

forecast. Global rapeseed production is adjusted lower due to reduced forecasts for Canada,

Australia, the EU, Belarus, and Ukraine. Soybean trade is forecast to reach new highs despite the

lower U.S. forecast, as record South American supplies and lower prices spur additional sales.

Significant increases in sales to China, the EU, and Iran are anticipated. Global soybean stocks are

reduced, reflecting strong growth in protein meal and vegetable oil consumption. The U.S. season-

average farm price is reduced to $9.15/bu.

2014/15

Global soybean production is up as record yields pushed Argentina’s production estimate higher.

Global exports are raised in response to Brazil’s record export pace and rebound in Argentina trade.

Larger purchases by China, the EU, and Iran led the way. Global soybean ending stocks are reduced

in response to growing consumption and trade. The U.S. season-average farm price is unchanged.

SOYBEAN PRICES

U.S. export bids, FOB Gulf, in

June averaged $404/ton, up $15

from last month.

As of the week ending July 30,

U.S. 2014/15 soybean

commitments (outstanding sales

plus accumulated exports) to China

totaled 29.8 million tons compared

to 28.1 million a year ago. Total

commitments to the world are 50.6

million tons, compared to 46.1

million for the same period last

year.

2014/15 TRADE OUTLOOK

Argentina

o Soybean exports are raised 1.6 million tons to 9.6 million reflecting surging export

volumes in the past couple months.

o Soybean meal exports are up 450,000 tons to 27.9 million on an increase of exportable

supplies due to strong producers’ sales and growing crush.

o Sunflowerseed meal exports are increased 155,000 tons to 500,000 on growing crush and

exportable supplies.

o Soybean oil exports are up 140,000 tons to 4.7 million reflecting a strong pace of trade

and larger supplies.

o Sunflowerseed oil exports are raised 100,000 tons to 475,000 on growing exportable

supplies.

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 3: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Bangladesh palm oil imports are raised 100,000 tons to 1.4 million on strong imports and rising

domestic vegetable oil consumption.

Brazil

o Soybean exports are raised 3.0 million tons to 49.8 million on a stronger pace of trade to

date, encouraged by a weak real and strong demand from China.

o Soybean imports are cut 125,000 tons to 275,000 as domestic supplies are more than

sufficient.

o Soybean meal exports are up 400,000 tons to 15.0 million, reflecting the current pace of

trade.

China

o Soybean imports surge 3.0 million tons to 77.0 million on the accelerated pace of trade

with South America.

o Rapeseed imports are raised 300,000 tons to 4.5 million reflecting an increased volume of

oilseed imports relative to products.

o Soybean meal exports are lowered 300,000 tons to 1.7 million on a slower pace of trade to

date due to reduced competitiveness compared to South American meal.

Egypt

o Sunflowerseed oil imports are slashed 250,000 tons to 350,000 reflecting a slower pace of

trade to date and shrinking availability of sunflowerseed oil in the global market.

o Palm oil imports are raised 125,000 tons to 1.6 million on trade to date.

o Soybean oil imports are up 100,000 tons to 400,000 reflecting pace of trade.

European Union o Soybean imports are increased 500,000 tons to 13.5 million reflecting growing crush and

greater demand for protein feed.

o Rapeseed imports are reduced 200,000 tons to 2.3 million on larger production and a

slower pace of trade towards end of the marketing season.

India palm oil imports are raised 200,000 tons to 9.2 million on growing demand for vegetable

oil.

Indonesia palm oil exports are up 1.0 million tons to 24.0 million on stronger trade to date and

greater availability due to lower domestic production of biodiesel.

Iran o Soybean imports are raised 250,000 tons to 950,000 due to growing availability of

soybeans in the global market and growing domestic crush.

o Soybean meal imports are trimmed 150,000 tons to 2.2 million on larger domestic meal

production due to growing crush.

o Soybean oil imports decline 100,000 tons to 400,000 on larger domestic oil production

due to growing crush.

South Korea soybean imports are up 100,000 tons to 1.3 million reflecting larger volumes of

imports in the second half of the marketing year.

Malaysia palm oil imports and exports are both raised 200,000 tons to 800,000 and 17.4 million,

respectively.

Philippines palm oil imports are increased 200,000 tons to 600,000 to reflect declining coconut

oil consumption and growing palm oil use.

Ukraine soybean exports are up 200,000 tons to 2.3 million on a stronger pace of trade and larger

exportable supplies due to lower crush.

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 4: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

2015/16 TRADE OUTLOOK

United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow pace of new-crop

sales and stiff competition from Brazil and Argentina

o Rapeseed imports are down 136,000 tons to 771,000 in response to lower production in

Canada.

o Rapeseed meal imports are lowered 199,000 tons to 3.2 million due to lower Canadian

supplies.

Argentina soybean exports are up nearly 1.1 million tons to 9.8 million on anticipated stronger

export demand.

Brazil

o Soybean exports are raised 3.8 million tons to 54.5 million reflecting larger global

demand.

o Soybean imports are slashed 200,000 tons to 250,000 on large domestic supplies.

o Soybean meal exports are up 400,000 tons to 15.2 million on a stronger trade forecast.

Canada rapeseed exports are reduced 700,000 tons to 7.4 million reflecting a lower production

forecast.

China

o Soybean imports surge 1.5 million tons to 79.0 million on growing domestic crush and

protein feed demand.

o Rapeseed imports are down 300,000 tons to 3.3 million reflecting larger domestic use of

soybeans and tighter global rapeseed supplies.

o Soybean oil imports drop 350,000 tons to 950,000 on larger domestic oil production due

to larger crush.

o Rapeseed oil imports are reduced 100,000 tons to 800,000 to reflect larger consumption of

soybean oil.

Colombia soybean meal imports are raised 100,000 tons to 1.2 million on the stronger pace of

trade.

Egypt

o Sunflowerseed oil imports are down 300,000 tons to 450,000 reflecting tighter global

supplies of sunflowerseed oil and anticipated larger consumption of palm and soybean oil.

o Palm oil imports are up 250,000 tons to 1.6 million.

o Soybean oil imports are raised 110,000 tons to 400,000.

European Union o Soybean imports are up 400,000 tons to 13.5 million, reflecting increasing crush and

growing demand for protein feed amid lower rapeseed and sunflower production forecast.

o Soybean meal imports are raised 200,000 tons to 20.3 million to offset lower domestic

production of rapeseed meal.

o Rapeseed imports are down 200,000 tons to 2.2 million, reflecting decreasing availability

of rapeseed in the global market.

o Sunflowerseed exports are reduced 100,000 tons to 500,000 on lower domestic

production.

o Palm oil imports are up 150,000 tons to nearly 7.0 million to offset a cut in domestic

vegetable oil production.

India o Soybean oil imports grow 150,000 tons to 2.8 million, reflecting increasing demand for

vegetable oil and tight rapeseed oil supplies in the global market.

o Palm oil imports are raised 100,000 tons to 9.7 million on growing demand for vegetable

oil.

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 5: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

o Rapeseed oil imports are down 150,000 tons to 200,000 on reduced global availability of

rapeseed.

Indonesia palm oil exports jump 800,000 tons to 24.8 million on larger exportable supplies as

industrial use is adjusted lower.

Iran soybean imports are raised 400,000 tons to 1.2 million due to growing domestic crush. As a

result, soybean meal imports are trimmed 250,000 tons to 2.1 million and soybean oil imports are

down 115,000 tons to 400,000.

South Korea soybean imports are up 100,000 tons to 1.3 million reflecting growing domestic

crush.

Malaysia palm oil exports are raised 100,000 tons to 18.1 million on larger exportable supplies as

growth in industrial consumption is adjusted lower.

Pakistan rapeseed meal exports are down 140,000 tons to 10,000 on lower domestic crush.

Philippines palm oil imports are up 200,000 tons to 600,000 reflecting decreasing coconut oil

consumption and growing palm oil use.

Russia soybean imports are up 100,000 tons to 1.9 million on growing domestic crush and

demand for protein feed.

Ukraine o Soybean exports are increased 400,000 tons to 3.0 million on larger production.

o Rapeseed exports are reduced 100,000 tons to 1.4 million on lower production.

Questions may be directed to:

Bill George (202) 720-6234 [email protected]

Rachel Trego (202) 720-1073 [email protected]

Agata Kingsbury (202) 260-8910 [email protected]

To download the tables in the publication, go to Production, Supply and Distribution Database

(PSD Online): (http://apps.fas.usda.gov/psdonline/psdHome.aspx), scroll down to Reports, and click

the plus sign [+] next to Oilseeds.

The Foreign Agricultural Service (FAS) updates its production, supply and distribution (PSD)

database for cotton, oilseeds, and grains at 12:00 p.m. on the day the World Agricultural Supply and

Demand Estimates (WASDE) report is released. This circular is released by 12:15 p.m.

FAS Reports and Databases:

Current World Markets and Trade and World Agricultural Production Reports:

http://apps.fas.usda.gov/psdonline/psdDataPublications.aspx Archives World Markets and Trade and World Agricultural Production Reports:

http://usda.mannlib.cornell.edu/MannUsda/viewTaxonomy.do?taxonomyID=7 Production, Supply and Distribution Database (PSD Online):

http://apps.fas.usda.gov/psdonline/psdHome.aspx

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 6: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Global Agricultural Trade System (U.S. Exports and Imports):

http://apps.fas.usda.gov/gats/default.aspx

Export Sales Report:

http://apps.fas.usda.gov/esrquery/ Global Agricultural Information Network (Agricultural Attaché Reports):

http://gain.fas.usda.gov/Pages/Default.aspx

Other USDA Reports:

World Agricultural Supply and Demand Estimates (WASDE):

http://www.usda.gov/oce/commodity/wasde/ Economic Research Service:

http://www.ers.usda.gov/topics/crops National Agricultural Statistics Service:

http://www.nass.usda.gov/Publications/

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 7: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

List of Tables

SUMMARY TABLES

Table 01 Major Oilseeds: World Supply and Distribution (Commodity View)

Table 02 Major Protein Meals: World Supply and Distribution (Commodity View)

Table 03 Major Vegetable Oils: World Supply and Distribution (Commodity View)

Table 04 Major Oilseeds: World Supply and Distribution (Country View)

Table 05 Major Protein Meals: World Supply and Distribution (Country View)

Table 06 Major Vegetable Oils: World Supply and Distribution (Country View)

COMMODITY TABLES

Table 07 Soybeans: World Supply and Distribution

Table 08 Soybean Meal: World Supply and Distribution

Table 09 Soybean Oil: World Supply and Distribution

Table 10 Soybeans and Products: World Trade

Table 11 Palm Oil: World Supply and Distribution

Table 12 Rapeseed and Products: World Supply and Distribution

Table 13 Sunflowerseed and Products: World Supply and Distribution

Table 14 Minor Vegetable Oils: World Supply and Distribution

HISTORICAL TABLES

Table 15 World Oilseeds and Products Supply and Distribution

Table 16 World Soybeans and Products Supply and Distribution

Table 17 World Rapeseed and Products Supply and Distribution

Table 18 World Sunflowerseed and Products Supply and Distribution

Table 19 World Palm Oil, Coconut Oil, and Fish Meal Supply and Distribution

COUNTRY TABLES

Table 20 United States Oilseeds and Products Supply and Distribution Local Marketing Years

Table 21 United States Soybeans and Products Supply and Distribution Local Marketing Years

Table 22 Brazil Soybeans and Products Supply and Distribution Local Marketing Years

Table 23 Argentina Soybeans and Products Supply and Distribution Local Marketing Years

Table 24 South East Asia Oilseeds and Products Supply and Distribution

Table 25 Middle East Oilseeds and Products Supply and Distribution

Table 26 European Union Oilseeds and Products Supply and Distribution

Table 27 China Oilseeds and Products Supply and Distribution

Table 28 India Oilseeds and Products Supply and Distribution

PRICES

Table 29 Oilseed Prices

Table 30 Protein Meal Prices

Table 31 Vegetable Oil Prices

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 8: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 01: Major Oilseeds: World Supply and Distribution (Commodity View)

Million Metric Tons

2011/12 2012/13 2013/14 2014/15

Jul

2015/16

Aug

2015/16

none

Production none

5.59 Oilseed, Copra 5.79 5.43 5.43 5.51 5.51

48.22 Oilseed, Cottonseed 46.34 45.94 44.48 42.07 40.99

13.86 Oilseed, Palm Kernel 14.91 15.79 16.31 17.14 17.14

38.47 Oilseed, Peanut 40.48 41.16 39.56 41.42 41.39

61.61 Oilseed, Rapeseed 63.75 71.50 71.82 67.18 64.58

240.43 Oilseed, Soybean 268.82 283.25 319.36 318.92 320.05

39.68 Oilseed, Sunflowerseed 35.98 42.85 40.14 39.53 39.39

447.87 Total 476.06 505.92 537.10 531.77 529.05

none

Imports none

0.08 Oilseed, Copra 0.04 0.09 0.09 0.09 0.09

1.10 Oilseed, Cottonseed 0.91 0.78 0.70 0.67 0.67

0.03 Oilseed, Palm Kernel 0.06 0.06 0.05 0.06 0.06

2.36 Oilseed, Peanut 2.35 2.38 2.48 2.46 2.46

13.18 Oilseed, Rapeseed 12.66 15.23 13.99 13.13 12.42

93.45 Oilseed, Soybean 95.91 111.28 119.71 120.77 123.30

1.64 Oilseed, Sunflowerseed 1.31 1.50 1.42 1.38 1.38

111.85 Total 113.23 131.30 138.44 138.56 140.38

none

Exports none

0.11 Oilseed, Copra 0.07 0.11 0.09 0.09 0.09

1.15 Oilseed, Cottonseed 0.92 0.84 0.63 0.58 0.63

0.04 Oilseed, Palm Kernel 0.05 0.05 0.05 0.04 0.04

2.98 Oilseed, Peanut 2.65 2.89 2.77 2.93 2.93

12.92 Oilseed, Rapeseed 12.45 14.96 14.23 13.12 12.31

92.19 Oilseed, Soybean 100.81 112.64 124.30 123.34 127.18

1.92 Oilseed, Sunflowerseed 1.44 1.95 1.83 1.66 1.55

111.30 Total 118.39 133.43 143.89 141.76 144.73

none

Crush none

5.53 Oilseed, Copra 5.87 5.42 5.40 5.47 5.47

34.61 Oilseed, Cottonseed 34.62 34.26 34.08 32.68 32.19

13.73 Oilseed, Palm Kernel 14.79 15.69 16.24 17.06 17.06

16.65 Oilseed, Peanut 17.41 17.76 17.64 17.90 17.90

60.62 Oilseed, Rapeseed 62.45 66.80 68.75 66.39 65.26

228.36 Oilseed, Soybean 230.18 241.18 258.34 268.08 271.61

35.72 Oilseed, Sunflowerseed 31.96 38.37 36.55 36.58 36.53

395.21 Total 397.27 419.48 437.00 444.18 446.01

none

Ending Stocks none

0.29 Oilseed, Copra 0.13 0.08 0.08 0.08 0.08

1.99 Oilseed, Cottonseed 1.56 2.15 1.72 1.23 1.11

0.28 Oilseed, Palm Kernel 0.29 0.28 0.24 0.22 0.22

1.66 Oilseed, Peanut 2.26 2.41 2.25 2.71 2.93

6.58 Oilseed, Rapeseed 5.03 7.05 6.88 4.59 3.38

53.89 Oilseed, Soybean 56.15 62.73 80.57 91.80 86.88

2.36 Oilseed, Sunflowerseed 2.66 2.90 2.42 1.60 1.48

67.05 Total 68.08 77.61 94.16 102.23 96.08

Totals may not add due to rounding

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 9: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 02: Major Protein Meals: World Supply and Distribution (Commodity View)

Million Metric Tons

2011/12 2012/13 2013/14 2014/15

Jul

2015/16

Aug

2015/16

none

Production none

1.83 Meal, Copra 1.94 1.81 1.79 1.81 1.81

15.85 Meal, Cottonseed 15.79 15.69 15.58 14.93 14.72

4.18 Meal, Fish 4.37 4.14 4.29 4.25 4.25

7.27 Meal, Palm Kernel 7.83 8.34 8.63 9.08 9.08

6.46 Meal, Peanut 6.75 6.90 6.86 6.99 6.99

35.72 Meal, Rapeseed 36.92 39.44 40.52 39.13 38.47

180.47 Meal, Soybean 181.25 189.45 203.69 211.31 214.11

15.67 Meal, Sunflowerseed 14.01 16.77 16.01 16.06 16.03

267.44 Total 268.85 282.52 297.37 303.55 305.45

none

Imports none

0.79 Meal, Copra 0.85 0.51 0.61 0.65 0.65

0.42 Meal, Cottonseed 0.40 0.35 0.35 0.35 0.35

2.92 Meal, Fish 2.36 2.62 2.45 2.49 2.49

5.00 Meal, Palm Kernel 5.35 5.42 5.50 5.71 5.71

0.05 Meal, Peanut 0.03 0.08 0.02 0.05 0.05

5.14 Meal, Rapeseed 5.18 5.92 5.68 5.92 5.53

56.98 Meal, Soybean 53.83 57.83 60.11 62.87 62.97

6.10 Meal, Sunflowerseed 4.72 5.54 5.59 5.75 5.70

77.39 Total 72.71 78.27 80.31 83.78 83.44

none

Exports none

0.79 Meal, Copra 1.09 0.72 0.76 0.74 0.74

0.57 Meal, Cottonseed 0.54 0.38 0.35 0.35 0.33

2.59 Meal, Fish 2.13 2.18 2.20 2.16 2.16

5.85 Meal, Palm Kernel 6.11 6.38 6.51 6.76 6.76

0.07 Meal, Peanut 0.07 0.07 0.07 0.08 0.07

5.48 Meal, Rapeseed 5.46 6.07 5.74 5.87 5.62

58.27 Meal, Soybean 57.91 60.05 63.36 65.91 66.21

6.76 Meal, Sunflowerseed 5.10 6.20 6.24 6.11 6.10

80.37 Total 78.40 82.07 85.23 87.96 87.99

none

Domestic Consumption none

1.75 Meal, Copra 1.79 1.61 1.68 1.74 1.74

15.64 Meal, Cottonseed 15.66 15.68 15.57 14.96 14.76

4.92 Meal, Fish 4.49 4.66 4.58 4.63 4.63

6.55 Meal, Palm Kernel 7.09 7.22 7.53 7.90 7.89

6.47 Meal, Peanut 6.73 6.91 6.81 6.96 6.97

35.35 Meal, Rapeseed 36.82 39.25 40.33 39.23 38.51

177.80 Meal, Soybean 177.28 186.31 199.38 208.56 211.28

14.54 Meal, Sunflowerseed 14.40 15.61 15.62 15.87 15.80

262.99 Total 264.25 277.25 291.49 299.85 301.60

none

Ending Stocks none

0.21 Meal, Copra 0.12 0.10 0.07 0.05 0.05

0.22 Meal, Cottonseed 0.21 0.18 0.19 0.16 0.16

0.20 Meal, Fish 0.31 0.22 0.19 0.14 0.14

0.13 Meal, Palm Kernel 0.11 0.27 0.36 0.50 0.50

0.04 Meal, Peanut 0.03 0.04 0.04 0.04 0.04

0.56 Meal, Rapeseed 0.39 0.43 0.56 0.49 0.43

9.83 Meal, Soybean 9.71 10.63 11.70 12.16 11.28

1.13 Meal, Sunflowerseed 0.36 0.85 0.58 0.49 0.40

12.33 Total 11.24 12.72 13.68 14.02 12.98

Totals may not add due to rounding

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 10: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 03: Major Vegetable Oils: World Supply and Distribution (Commodity View)

Million Metric Tons

2011/12 2012/13 2013/14 2014/15

Jul

2015/16

Aug

2015/16

none

Production none

3.43 Oil, Coconut 3.65 3.38 3.35 3.39 3.39

5.28 Oil, Cottonseed 5.26 5.18 5.17 4.96 4.88

3.46 Oil, Olive 2.45 3.14 2.35 2.86 2.86

52.58 Oil, Palm 56.59 59.56 61.45 65.17 65.17

6.17 Oil, Palm Kernel 6.58 6.97 7.25 7.56 7.55

5.30 Oil, Peanut 5.51 5.64 5.59 5.70 5.70

24.12 Oil, Rapeseed 24.91 26.61 27.38 26.51 26.05

42.74 Oil, Soybean 43.09 45.00 48.12 50.01 50.66

14.74 Oil, Sunflowerseed 13.25 15.94 15.19 15.18 15.16

157.81 Total 161.28 171.42 175.85 181.33 181.42

none

Imports none

1.82 Oil, Coconut 1.87 1.68 1.71 1.70 1.70

0.08 Oil, Cottonseed 0.08 0.06 0.07 0.05 0.05

0.63 Oil, Olive 0.65 0.58 0.71 0.63 0.63

38.84 Oil, Palm 41.82 41.82 43.94 44.90 45.74

2.52 Oil, Palm Kernel 2.75 2.35 2.46 2.55 2.55

0.16 Oil, Peanut 0.15 0.18 0.22 0.20 0.19

4.01 Oil, Rapeseed 3.87 3.77 3.70 4.04 3.79

7.96 Oil, Soybean 8.49 9.35 9.78 10.36 10.15

5.69 Oil, Sunflowerseed 4.96 6.67 5.99 6.45 6.10

61.71 Total 64.64 66.47 68.56 70.89 70.91

none

Exports none

1.86 Oil, Coconut 1.91 1.73 1.78 1.71 1.76

0.17 Oil, Cottonseed 0.16 0.14 0.12 0.12 0.11

0.87 Oil, Olive 0.87 0.85 0.86 0.82 0.82

39.84 Oil, Palm 43.20 43.28 45.40 46.04 47.00

2.84 Oil, Palm Kernel 3.25 2.85 3.03 3.12 3.12

0.18 Oil, Peanut 0.17 0.20 0.20 0.20 0.20

3.97 Oil, Rapeseed 3.94 3.82 3.97 3.96 3.83

8.47 Oil, Soybean 9.36 9.39 10.30 10.86 10.87

6.47 Oil, Sunflowerseed 5.48 7.75 7.06 6.99 7.03

64.67 Total 68.33 70.00 72.74 73.82 74.73

none

Domestic Consumption none

3.54 Oil, Coconut 3.75 3.41 3.38 3.47 3.42

5.18 Oil, Cottonseed 5.23 5.11 5.12 4.93 4.88

3.08 Oil, Olive 2.66 2.85 2.59 2.61 2.61

50.47 Oil, Palm 55.19 57.86 58.95 64.35 63.61

5.74 Oil, Palm Kernel 6.15 6.48 6.85 7.06 7.06

5.33 Oil, Peanut 5.51 5.65 5.59 5.70 5.69

23.68 Oil, Rapeseed 23.73 25.75 27.31 27.36 26.94

42.20 Oil, Soybean 42.59 45.36 47.39 49.38 49.90

12.98 Oil, Sunflowerseed 13.22 14.55 14.63 15.10 14.68

152.19 Total 158.02 167.02 171.81 179.96 178.80

none

Ending Stocks none

0.60 Oil, Coconut 0.47 0.38 0.27 0.19 0.19

0.27 Oil, Cottonseed 0.22 0.22 0.21 0.17 0.17

0.91 Oil, Olive 0.48 0.51 0.11 0.16 0.16

7.51 Oil, Palm 7.52 7.75 8.80 7.02 9.09

0.91 Oil, Palm Kernel 0.84 0.83 0.66 0.58 0.58

0.08 Oil, Peanut 0.06 0.04 0.05 0.04 0.05

1.74 Oil, Rapeseed 2.85 3.66 3.47 2.70 2.54

4.11 Oil, Soybean 3.74 3.35 3.56 3.66 3.60

2.12 Oil, Sunflowerseed 1.63 1.94 1.43 1.05 0.97

18.26 Total 17.82 18.69 18.55 15.58 17.35

Totals may not add due to rounding

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

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Table 04: Major Oilseeds: World Supply and Distribution (Country View)

Million Metric Tons

2011/12 2012/13 2013/14 2014/15

Jul

2015/16

Aug

2015/16

Production none

92.44 United States 93.32 99.02 117.17 115.05 115.40

70.24 Brazil 84.76 90.24 97.62 100.06 100.06

44.82 Argentina 53.68 57.02 65.45 61.01 61.01

59.60 China 59.79 58.89 57.56 55.28 54.89

37.11 India 37.52 36.80 35.43 38.14 37.94

143.66 Other 146.99 163.96 163.87 162.24 159.77

447.87 Total 476.06 505.92 537.10 531.77 529.05

Imports none

62.29 China 63.52 75.60 81.71 81.25 82.45

16.89 European Union 17.02 17.66 16.81 16.61 16.81

5.39 Mexico 5.08 5.58 5.84 5.84 5.84

5.34 Japan 5.54 5.49 5.57 5.52 5.52

2.03 Turkey 2.02 2.40 2.89 3.07 3.07

2.15 Indonesia 2.14 2.55 2.50 2.67 2.67

2.29 Taiwan 2.29 2.34 2.36 2.39 2.39

1.99 Thailand 1.96 1.88 2.17 2.19 2.19

0.90 Russia 0.83 2.11 2.11 1.98 2.08

1.73 Egypt 1.80 1.74 1.95 2.02 2.02

10.85 Other 11.02 13.94 14.54 15.03 15.35

111.85 Total 113.23 131.30 138.44 138.56 140.38

Exports none

36.35 Brazil 42.02 46.99 49.92 50.87 54.62

37.81 United States 37.16 45.55 50.66 49.31 47.94

11.66 Canada 10.63 12.69 12.62 11.97 11.27

8.10 Argentina 8.41 8.49 10.39 9.54 10.59

3.61 Paraguay 5.54 4.82 4.62 4.62 4.62

2.83 Ukraine 2.72 3.57 4.33 4.15 4.45

2.61 Uruguay 3.53 3.19 3.28 3.28 3.28

8.34 Other 8.39 8.13 8.08 8.01 7.96

111.30 Total 118.39 133.43 143.89 141.76 144.73

Crush none

96.29 China 102.64 107.63 112.03 113.68 115.47

50.32 United States 50.25 51.46 54.39 54.39 54.62

41.06 European Union 42.07 45.36 46.75 45.45 45.45

39.95 Argentina 36.25 38.77 42.00 44.60 44.60

41.17 Brazil 37.71 39.73 42.12 42.12 42.17

28.59 India 29.30 28.70 27.48 29.38 29.38

11.86 Russia 11.01 13.85 13.75 14.05 14.05

10.36 Ukraine 9.21 12.16 11.25 11.40 11.20

8.35 Indonesia 8.99 9.66 10.29 10.80 10.80

8.41 Canada 8.27 8.52 8.95 8.75 8.50

5.60 Pakistan 5.30 5.58 6.45 6.68 6.61

5.86 Mexico 5.70 6.08 6.50 6.52 6.52

4.99 Malaysia 5.34 5.53 5.54 5.72 5.72

4.35 Japan 4.38 4.40 4.53 4.45 4.45

1.07 Paraguay 3.17 3.47 3.84 4.24 4.24

37.00 Other 37.70 38.59 41.16 41.94 42.23

395.21 Total 397.27 419.48 437.00 444.18 446.01

Ending Stocks none

16.65 Argentina 22.44 27.46 35.22 37.26 35.61

13.32 Brazil 15.42 16.13 18.49 25.71 18.45

17.05 China 13.17 15.56 18.82 14.55 16.83

5.61 United States 5.76 3.95 7.99 13.28 14.47

4.95 European Union 3.71 3.33 3.78 2.09 2.02

9.48 Other 7.58 11.18 9.86 9.34 8.71

67.05 Total 68.08 77.61 94.16 102.23 96.08

Major Oilseeds includes Copra, Cottonseed, Palm Kernel, Peanut, Rapeseed, Soybeans and Sunflowerseeds.

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

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Table 05: Major Protein Meals: World Supply and Distribution (Country View)

Million Metric Tons

2011/12 2012/13 2013/14 2014/15

Jul

2015/16

Aug

2015/16

Production none

66.95 China 71.34 75.20 79.01 80.69 82.26

39.51 United States 38.69 39.39 42.53 42.18 42.49

29.74 Argentina 27.26 29.09 31.34 33.61 33.61

31.02 Brazil 28.51 29.93 31.83 31.84 31.88

26.28 European Union 27.21 29.13 30.04 29.36 29.44

73.96 Other 75.84 79.78 82.64 85.86 85.77

267.44 Total 268.85 282.52 297.37 303.55 305.45

Imports none

28.20 European Union 23.38 24.66 25.86 26.42 26.62

3.53 Indonesia 3.62 4.23 4.50 4.96 4.96

2.52 Vietnam 3.36 3.59 4.08 4.61 4.61

3.38 Korea, South 3.54 3.68 3.58 3.63 3.63

3.03 United States 3.39 3.80 3.83 3.76 3.56

3.36 Thailand 3.26 3.14 3.51 3.58 3.55

1.86 Philippines 2.00 2.38 2.54 2.69 2.69

31.51 Other 30.15 32.80 32.41 34.14 33.82

77.39 Total 72.71 78.27 80.31 83.78 83.44

Exports none

26.93 Argentina 24.03 25.38 28.40 30.71 30.71

14.68 Brazil 13.24 13.95 15.00 14.80 15.20

9.17 United States 10.46 10.77 11.73 10.96 10.84

3.68 Indonesia 3.80 3.93 4.16 4.34 4.34

3.86 Ukraine 3.07 3.81 4.04 4.01 4.06

3.52 Canada 3.60 3.67 3.76 3.77 3.69

5.49 India 5.46 4.12 2.17 3.12 3.12

13.04 Other 14.76 16.44 15.98 16.26 16.05

80.37 Total 78.40 82.07 85.23 87.96 87.99

Domestic Consumption none

67.89 China 70.89 74.54 78.30 80.25 81.74

52.64 European Union 50.39 52.42 54.58 54.77 55.01

33.41 United States 31.65 32.43 34.58 34.98 35.20

15.61 Brazil 15.41 16.05 16.27 16.73 16.68

11.48 India 11.99 12.74 13.54 14.16 14.16

5.82 Mexico 5.61 5.95 6.23 6.48 6.48

3.91 Indonesia 4.33 4.91 5.46 5.97 5.97

3.67 Vietnam 4.14 4.59 5.14 5.71 5.71

4.37 Russia 4.36 4.85 5.18 5.58 5.58

5.21 Thailand 5.12 5.00 5.23 5.46 5.44

59.00 Other 60.38 63.77 67.00 69.77 69.62

262.99 Total 264.25 277.25 291.49 299.85 301.60

SME none

65.06 China 67.93 71.31 75.16 77.32 78.87

47.19 European Union 44.74 46.84 48.90 49.26 49.57

32.36 United States 30.46 31.15 33.28 33.69 34.00

15.32 Brazil 15.18 15.79 16.03 16.49 16.44

10.05 India 10.51 11.24 11.93 12.58 12.58

5.44 Mexico 5.26 5.62 5.89 6.15 6.15

3.47 Vietnam 3.89 4.37 4.89 5.45 5.45

67.93 Other 69.15 73.15 77.05 80.74 80.61

246.83 Total 247.13 259.47 273.14 281.69 283.68

Ending Stocks none

3.08 Argentina 3.74 4.53 4.35 4.36 3.83

3.21 Brazil 3.11 3.07 3.65 4.28 3.68

0.46 Indonesia 0.43 0.62 0.62 0.73 0.73

1.23 European Union 0.29 0.58 0.68 0.54 0.61

0.29 India 0.38 0.22 0.34 0.35 0.35

4.06 Other 3.30 3.69 4.04 3.76 3.79

12.33 Total 11.24 12.72 13.68 14.02 12.98

Major Protein Meals include Copra, Cottonseed, Fish, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflower Meal.

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

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Table 06: Major Vegetable Oils: World Supply and Distribution (Country View)

Million Metric Tons

2011/12 2012/13 2013/14 2014/15

Jul

2015/16

Aug

2015/16

Production none

30.13 Indonesia 32.73 35.03 37.78 40.01 40.01

21.00 China 22.40 23.61 24.34 24.55 24.87

20.42 Malaysia 21.63 22.57 22.25 23.47 23.47

16.89 European Union 16.06 18.23 17.77 17.80 17.69

10.03 United States 10.23 10.42 10.82 11.00 11.01

8.48 Argentina 7.42 7.81 8.66 9.10 9.10

8.21 Brazil 7.59 7.99 8.44 8.45 8.46

42.67 Other 43.22 45.78 45.79 46.97 46.82

157.81 Total 161.28 171.42 175.85 181.33 181.42

Imports none

10.01 India 10.71 11.54 13.76 14.38 14.48

9.12 European Union 9.93 9.86 9.69 9.49 9.59

9.23 China 10.79 9.07 8.25 9.25 8.80

3.83 United States 3.80 4.02 4.09 4.14 4.17

2.26 Pakistan 2.30 2.87 2.75 2.98 2.98

2.31 Egypt 1.91 2.15 2.30 2.34 2.40

1.41 Bangladesh 1.43 1.71 1.84 1.93 1.98

1.35 Iran 1.43 1.58 1.52 1.65 1.53

1.11 Turkey 1.26 1.37 1.32 1.50 1.50

2.65 Malaysia 1.50 0.85 1.30 1.00 1.00

18.43 Other 19.58 21.46 21.75 22.24 22.48

61.71 Total 64.64 66.47 68.56 70.89 70.91

Exports none

20.73 Indonesia 22.64 23.94 26.34 26.40 27.20

18.98 Malaysia 19.99 18.75 18.83 19.43 19.53

4.65 Argentina 4.66 4.53 5.26 5.69 5.69

3.33 Ukraine 3.32 4.36 3.95 3.87 3.91

2.75 Canada 2.63 2.45 2.52 2.67 2.62

2.01 European Union 2.43 2.31 2.36 2.27 2.27

1.80 Russia 1.27 2.42 2.16 2.12 2.12

10.42 Other 11.40 11.26 11.33 11.38 11.40

64.67 Total 68.33 70.00 72.74 73.82 74.73

Domestic Consumption none

29.34 China 31.17 32.27 33.06 34.28 34.41

23.87 European Union 24.18 25.25 25.49 25.17 25.20

16.84 India 17.89 19.16 20.66 21.91 22.00

12.78 United States 13.03 13.51 13.67 13.88 13.88

8.92 Indonesia 9.90 11.21 10.38 13.60 12.20

6.66 Brazil 6.77 7.09 7.43 7.52 7.52

3.70 Malaysia 3.97 4.39 4.64 5.05 4.95

3.48 Pakistan 3.60 3.93 4.20 4.47 4.47

3.20 Russia 3.34 3.40 3.52 3.64 3.64

3.60 Argentina 2.92 3.44 3.43 3.50 3.50

2.46 Egypt 2.45 2.40 2.54 2.53 2.59

2.30 Mexico 2.36 2.38 2.54 2.55 2.55

1.99 Thailand 2.13 2.32 2.29 2.49 2.49

1.83 Turkey 1.90 2.12 2.29 2.48 2.48

2.16 Japan 2.19 2.22 2.25 2.27 2.27

29.07 Other 30.24 31.94 33.42 34.65 34.67

152.19 Total 158.02 167.02 171.81 179.96 178.80

Ending Stocks none

1.88 Indonesia 2.13 2.07 3.16 2.11 3.80

2.93 Malaysia 2.11 2.39 2.48 2.37 2.47

1.69 China 3.62 3.91 3.29 2.66 2.44

1.44 India 1.54 1.22 1.31 1.13 1.24

1.54 United States 1.16 0.98 1.07 1.08 1.20

8.77 Other 7.26 8.12 7.25 6.23 6.20

18.26 Total 17.82 18.69 18.55 15.58 17.35

Major Vegetable Oils includes Coconut, Cottonseed, Olive, Palm, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflowerseed oil.

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 14: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 07: Soybeans: World Supply and Distribution

Thousand Metric Tons

2011/12 2012/13 2013/14 2014/15

Jul

2015/16

Aug

2015/16

Production none

84,291 United States 82,791 91,389 108,014 105,732 106,588

66,500 Brazil 82,000 86,700 94,500 97,000 97,000

40,100 Argentina 49,300 53,500 60,800 57,000 57,000

14,485 China 13,050 12,200 12,350 11,500 11,500

11,700 India 12,200 9,500 9,800 11,500 11,500

4,043 Paraguay 8,202 8,190 8,400 8,800 8,800

4,467 Canada 5,086 5,359 6,050 6,200 6,200

14,841 Other 16,195 16,407 19,447 21,191 21,461

240,427 Total 268,824 283,245 319,361 318,923 320,049

Imports none

59,231 China 59,865 70,364 77,000 77,500 79,000

12,070 European Union 12,538 12,985 13,450 13,100 13,500

3,606 Mexico 3,409 3,842 4,025 4,050 4,050

2,759 Japan 2,830 2,894 2,900 2,850 2,850

2,285 Taiwan 2,286 2,335 2,350 2,380 2,380

1,922 Indonesia 1,795 2,241 2,150 2,300 2,300

1,907 Thailand 1,867 1,798 2,075 2,100 2,100

1,057 Turkey 1,249 1,608 1,950 2,100 2,100

1,649 Egypt 1,730 1,694 1,880 1,950 1,950

741 Russia 691 1,931 1,900 1,800 1,900

6,226 Other 7,645 9,583 10,032 10,642 11,171

93,453 Total 95,905 111,275 119,712 120,772 123,301

Exports none

36,257 Brazil 41,904 46,829 49,800 50,750 54,500

37,186 United States 36,129 44,574 49,668 48,308 46,947

7,368 Argentina 7,738 7,842 9,600 8,700 9,750

3,574 Paraguay 5,518 4,800 4,600 4,600 4,600

2,933 Canada 3,470 3,471 3,775 3,825 3,825

4,869 Other 6,053 5,124 6,855 7,158 7,558

92,187 Total 100,812 112,640 124,298 123,341 127,180

Crush none

60,970 China 64,950 68,850 74,200 77,300 79,500

46,348 United States 45,967 47,192 50,213 50,077 50,621

35,886 Argentina 33,611 36,173 38,800 41,500 41,500

38,083 Brazil 35,235 36,861 39,450 39,500 39,550

12,414 European Union 13,162 13,436 13,900 14,100 14,500

9,650 India 9,900 8,300 7,400 9,100 9,100

3,675 Mexico 3,650 4,030 4,275 4,350 4,350

900 Paraguay 2,950 3,350 3,700 4,100 4,100

2,300 Russia 2,400 3,300 3,850 3,950 3,950

2,000 Bolivia 2,175 2,250 2,300 2,420 2,420

2,020 Taiwan 1,920 1,925 1,970 2,000 2,000

1,960 Japan 1,915 1,969 2,050 1,970 1,970

1,620 Egypt 1,710 1,680 1,850 1,950 1,950

1,411 Canada 1,550 1,537 1,700 1,700 1,700

1,750 Thailand 1,500 1,500 1,600 1,700 1,700

7,376 Other 7,587 8,823 11,085 12,367 12,695

228,363 Total 230,182 241,176 258,343 268,084 271,606

Ending Stocks none

15,949 Argentina 20,962 26,050 33,450 35,977 34,102

13,024 Brazil 15,330 15,945 18,320 25,565 18,300

15,909 China 12,378 14,427 17,552 13,902 16,152

4,610 United States 3,825 2,504 6,530 11,580 12,783

232 Canada 178 282 582 925 900

4,165 Other 3,480 3,517 4,131 3,854 4,644

53,889 Total 56,153 62,725 80,565 91,803 86,881

Most countries are on an October/September Marketing Year (MY). The United States, Mexico, and Thailand are on a

September/August MY. Canada is on an August/July MY. Paraguay is on a March/February MY.

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 15: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 08: Soybean Meal: World Supply and Distribution

Thousand Metric Tons

2011/12 2012/13 2013/14 2014/15

Jul

2015/16

Aug

2015/16

Production none

48,288 China 51,440 54,531 58,770 61,222 62,960

37,217 United States 36,174 36,909 40,097 39,666 40,120

27,945 Argentina 26,089 27,892 29,890 32,180 32,180

29,510 Brazil 27,310 28,540 30,530 30,570 30,610

9,668 European Union 10,398 10,614 10,980 11,140 11,455

7,720 India 7,920 6,640 5,920 7,280 7,280

2,910 Mexico 2,890 3,185 3,380 3,435 3,435

17,212 Other 19,025 21,138 24,126 25,815 26,069

180,470 Total 181,246 189,449 203,693 211,308 214,109

Imports none

20,872 European Union 16,941 18,175 19,550 20,100 20,300

3,278 Indonesia 3,367 3,983 4,250 4,700 4,700

2,276 Vietnam 2,980 3,342 3,750 4,250 4,250

2,928 Thailand 2,874 2,665 3,000 3,050 3,050

1,833 Philippines 1,969 2,337 2,500 2,650 2,650

2,192 Iran 2,099 2,683 2,150 2,350 2,100

2,282 Japan 1,765 1,976 1,750 1,850 1,850

1,548 Mexico 1,295 1,510 1,600 1,850 1,850

1,571 Korea, South 1,654 1,825 1,700 1,700 1,700

892 Algeria 1,333 1,383 1,425 1,525 1,525

17,306 Other 17,551 17,951 18,433 18,842 18,992

56,978 Total 53,828 57,830 60,108 62,867 62,967

Exports none

26,043 Argentina 23,667 24,972 27,850 30,200 30,200

14,678 Brazil 13,242 13,948 15,000 14,800 15,200

8,845 United States 10,111 10,474 11,476 10,659 10,569

523 Paraguay 2,149 2,504 2,550 2,980 2,980

4,391 India 4,354 2,742 1,200 2,025 2,025

3,794 Other 4,383 5,412 5,281 5,242 5,239

58,274 Total 57,906 60,052 63,357 65,906 66,213

Domestic Consumption none

47,435 China 50,091 52,534 57,130 59,642 61,380

29,670 European Union 27,122 28,442 30,042 30,892 31,342

28,614 United States 26,308 26,804 28,894 29,302 29,846

14,100 Brazil 14,200 14,650 14,980 15,450 15,400

3,280 India 3,490 4,050 4,610 5,255 5,255

3,300 Vietnam 3,700 4,200 4,700 5,250 5,250

4,370 Mexico 4,250 4,675 4,920 5,200 5,200

3,218 Indonesia 3,430 3,900 4,250 4,700 4,700

4,153 Thailand 4,100 3,980 4,200 4,380 4,380

3,840 Japan 3,332 3,376 3,323 3,330 3,330

2,350 Russia 2,400 2,600 2,850 3,225 3,225

2,500 Iran 2,460 2,948 3,050 3,100 3,120

1,950 Philippines 2,050 2,250 2,500 2,800 2,800

2,100 Egypt 2,220 2,400 2,550 2,700 2,700

1,310 Argentina 1,700 2,000 2,223 2,500 2,500

25,607 Other 26,427 27,498 29,156 30,833 30,856

177,797 Total 177,280 186,307 199,378 208,559 211,284

Ending Stocks none

2,821 Argentina 3,543 4,463 4,280 4,210 3,760

3,198 Brazil 3,098 3,065 3,640 4,275 3,675

390 Indonesia 323 406 406 406 406

439 European Union 120 170 318 223 331

264 India 347 202 319 326 326

2,713 Other 2,282 2,327 2,736 2,721 2,780

9,825 Total 9,713 10,633 11,699 12,161 11,278

Most countries are on an October/September Marketing Year (MY). The Mexico and Thailand are on a September/August MY.

Canada is on an August/July MY. Paraguay is on a March/February MY. Vietnam and the Philippines are on a January/December

MY and Bolivia is on a March/February MY.

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 16: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 09: Soybean Oil: World Supply and Distribution

Thousand Metric Tons

2011/12 2012/13 2013/14 2014/15

Jul

2015/16

Aug

2015/16

Production none

10,914 China 11,626 12,335 13,280 13,837 14,230

8,954 United States 8,990 9,131 9,550 9,648 9,752

6,839 Argentina 6,364 6,785 7,380 7,860 7,860

7,310 Brazil 6,760 7,070 7,570 7,580 7,590

2,359 European Union 2,501 2,553 2,642 2,680 2,755

1,708 India 1,752 1,478 1,315 1,630 1,630

172 Paraguay 564 640 707 783 783

4,484 Other 4,528 5,010 5,679 5,994 6,058

42,740 Total 43,085 45,002 48,123 50,012 50,658

Imports none

1,174 India 1,086 1,830 2,500 2,650 2,800

1,502 China 1,409 1,353 900 1,300 950

438 Algeria 575 625 580 620 640

420 Bangladesh 397 442 480 520 520

367 Morocco 364 446 450 460 460

415 Venezuela 374 403 425 430 430

0 Egypt 324 213 400 290 400

411 Iran 543 551 400 515 400

344 Peru 363 355 370 380 380

257 Colombia 216 288 320 330 330

2,630 Other 2,842 2,848 2,954 2,868 2,840

7,958 Total 8,493 9,354 9,779 10,363 10,150

Exports none

3,794 Argentina 4,244 4,087 4,700 5,100 5,100

1,885 Brazil 1,251 1,378 1,370 1,380 1,390

664 United States 982 851 884 907 907

742 European Union 1,011 771 900 900 900

127 Paraguay 558 650 670 735 735

142 Russia 129 332 370 370 370

224 Bolivia 288 315 320 320 320

887 Other 899 1,002 1,087 1,146 1,146

8,465 Total 9,362 9,386 10,301 10,858 10,868

Domestic Consumption none

12,044 China 12,545 13,657 14,193 15,057 15,237

8,306 United States 8,476 8,599 8,618 8,754 8,799

5,390 Brazil 5,534 5,765 6,120 6,230 6,230

2,750 India 2,950 3,300 3,800 4,250 4,400

3,020 Argentina 2,275 2,729 2,701 2,770 2,770

2,109 European Union 1,908 1,970 2,020 1,970 2,070

845 Mexico 860 890 951 960 960

440 Egypt 582 496 647 552 662

440 Bangladesh 470 530 585 655 655

490 Algeria 540 600 610 630 640

625 Iran 630 635 630 680 630

434 Venezuela 439 449 469 480 484

445 Korea, South 445 440 450 460 460

372 Morocco 374 440 450 460 460

272 Colombia 283 340 390 415 415

4,216 Other 4,280 4,518 4,757 5,052 5,032

42,198 Total 42,591 45,358 47,391 49,375 49,904

Ending Stocks none

1,152 United States 773 529 690 698 826

615 China 1,021 958 845 800 708

418 Brazil 399 326 407 377 377

360 India 248 255 270 300 300

298 European Union 202 339 361 325 296

1,270 Other 1,095 943 987 1,161 1,089

4,113 Total 3,738 3,350 3,560 3,661 3,596

Most countries are on an October/September Marketing Year (MY). Mexico is on a September/August MY. Peru is on an

January/December MY and Paraguay and Bolivia are on a March/February MY.

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 17: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 10: Soybeans and Products: World Trade

Thousand Metric Tons

Marketing Year

Meal, Soybean Oil, Soybean Oilseed, Soybean

2015/162014/152013/142015/162014/152013/142015/162014/152013/14

Exports

North America 10,734 11,746 10,849 947 998 1,021 48,045 53,443 50,772

Canada (Aug-Jul) 241 250 260 92 110 110 3,471 3,775 3,825

United States (Sep-Aug) 10,474 11,476 10,569 851 884 907 44,574 49,668 46,947

South America 42,954 46,900 49,930 6,432 7,062 7,547 62,779 67,559 72,434

Argentina (Oct-Sep) 24,972 27,850 30,200 4,087 4,700 5,100 7,842 9,600 9,750

Brazil (Oct-Sep) 13,948 15,000 15,200 1,378 1,370 1,390 46,829 49,800 54,500

Paraguay (Mar-Feb) 2,504 2,550 2,980 650 670 735 4,800 4,600 4,600

South Asia 2,748 1,207 2,032 1 0 0 183 250 300

India (Oct-Sep) 2,742 1,200 2,025 1 0 0 183 250 300

Other 3,616 3,504 3,402 2,006 2,241 2,300 1,633 3,046 3,674

World Total 60,052 63,357 66,213 9,386 10,301 10,868 112,640 124,298 127,180

Imports

European Union (Oct-Sep) 18,175 19,550 20,300 325 300 150 12,985 13,450 13,500

East Asia 3,884 3,610 3,655 1,772 1,335 1,405 76,866 83,565 85,555

China (Oct-Sep) 20 60 20 1,353 900 950 70,364 77,000 79,000

Japan (Oct-Sep) 1,976 1,750 1,850 16 15 15 2,894 2,900 2,850

Korea, South (Oct-Sep) 1,825 1,700 1,700 278 285 300 1,271 1,300 1,300

Taiwan (Oct-Sep) 22 50 35 3 0 0 2,335 2,350 2,380

Southeast Asia 13,743 14,971 16,172 299 310 320 6,150 6,485 6,770

Indonesia (Oct-Sep) 3,983 4,250 4,700 25 25 25 2,241 2,150 2,300

Malaysia (Oct-Sep) 1,397 1,450 1,500 113 120 125 554 610 620

Philippines (Jan-Dec) 2,337 2,500 2,650 41 42 43 122 130 130

Thailand (Sep-Aug) 2,665 3,000 3,050 6 4 2 1,798 2,075 2,100

Vietnam (Jan-Dec) 3,342 3,750 4,250 80 85 90 1,415 1,500 1,600

North America 2,839 2,893 3,195 307 346 323 6,134 5,242 5,216

Canada (Aug-Jul) 982 975 1,050 31 33 33 340 400 350

Mexico (Sep-Aug) 1,510 1,600 1,850 201 200 200 3,842 4,025 4,050

South America 4,651 4,960 5,125 1,293 1,400 1,421 1,599 1,534 1,634

Brazil (Oct-Sep) 25 25 25 0 1 0 605 275 250

Colombia (Oct-Sep) 1,036 1,150 1,200 288 320 330 436 575 600

Central America 948 1,001 1,027 165 180 191 269 315 343

Caribbean 837 920 968 286 309 317 148 155 165

Middle East 5,295 4,687 4,780 640 494 504 2,257 3,270 3,645

Iran (Oct-Sep) 2,683 2,150 2,100 551 400 400 301 950 1,150

Israel (Oct-Sep) 129 140 145 11 15 13 319 325 345

Syria (May-Apr) 251 260 270 1 2 2 29 45 50

Turkey (Oct-Sep) 744 550 600 8 0 0 1,608 1,950 2,100

North Africa 3,245 3,280 3,517 1,404 1,555 1,625 1,828 2,030 2,100

Egypt (Oct-Sep) 1,116 1,050 1,150 213 400 400 1,694 1,880 1,950

Other 4,213 4,236 4,228 2,863 3,550 3,894 3,039 3,666 4,373

World Total 57,830 60,108 62,967 9,354 9,779 10,150 111,275 119,712 123,301

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 18: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 11: Palm Oil: World Supply and Distribution

Thousand Metric Tons

2011/12 2012/13 2013/14 2014/15

Jul

2015/16

Aug

2015/16

Production none

26,200 Indonesia 28,500 30,500 33,000 35,000 35,000

18,202 Malaysia 19,321 20,161 19,800 21,000 21,000

1,892 Thailand 2,135 2,000 1,800 2,200 2,200

945 Colombia 1,140 1,210 1,108 1,100 1,100

970 Nigeria 970 970 970 970 970

4,373 Other 4,522 4,717 4,775 4,895 4,895

52,582 Total 56,588 59,558 61,453 65,165 65,165

Imports none

7,473 India 8,364 7,820 9,200 9,600 9,700

5,707 European Union 6,798 6,902 6,800 6,800 6,950

5,841 China 6,589 5,573 5,300 5,750 5,750

2,218 Pakistan 2,246 2,758 2,700 2,950 2,950

1,368 Egypt 969 1,153 1,550 1,300 1,550

984 Bangladesh 1,030 1,262 1,350 1,400 1,450

1,032 United States 1,293 1,220 1,157 1,202 1,225

854 Singapore 654 552 750 800 800

610 Iran 722 609 750 750 750

470 Burma 583 581 650 700 700

12,287 Other 12,570 13,392 13,728 13,648 13,913

38,844 Total 41,818 41,822 43,935 44,900 45,738

Exports none

18,452 Indonesia 20,373 21,719 24,000 24,000 24,800

17,586 Malaysia 18,524 17,344 17,400 18,000 18,100

585 Papua New Guinea 564 539 575 560 560

253 Benin 430 600 450 440 440

248 Guatemala 346 411 405 400 400

2,720 Other 2,966 2,671 2,572 2,637 2,697

39,844 Total 43,203 43,284 45,402 46,037 46,997

Domestic Consumption none

7,485 India 8,250 8,384 9,200 9,850 9,950

7,129 Indonesia 7,852 8,900 7,820 10,920 9,520

5,523 European Union 6,560 6,775 6,650 6,650 6,800

5,841 China 6,389 5,669 5,480 5,750 5,750

2,150 Malaysia 2,451 2,868 3,060 3,470 3,370

2,115 Pakistan 2,285 2,490 2,690 2,945 2,945

1,525 Thailand 1,710 1,880 1,820 2,010 2,010

1,385 Nigeria 1,455 1,470 1,495 1,550 1,550

1,265 Egypt 1,120 1,110 1,495 1,220 1,470

1,030 Bangladesh 1,030 1,190 1,345 1,400 1,450

1,043 United States 1,238 1,207 1,150 1,179 1,202

890 Colombia 926 983 1,013 1,040 1,040

665 Ghana 700 730 760 780 780

600 Iran 650 680 730 750 750

600 Russia 660 715 730 730 730

11,227 Other 11,915 12,811 13,507 14,110 14,295

50,473 Total 55,191 57,862 58,945 64,354 63,612

Ending Stocks none

1,445 Indonesia 1,758 1,666 2,846 1,828 3,526

2,481 Malaysia 1,784 2,091 2,231 2,161 2,261

669 India 921 528 708 558 658

270 European Union 373 338 328 318 318

170 Pakistan 91 309 269 224 224

2,473 Other 2,593 2,822 2,413 1,935 2,102

7,508 Total 7,520 7,754 8,795 7,024 9,089

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 19: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 12: Rapeseed and Products: World Supply and Distribution

Thousand Metric Tons

Marketing Year

Meal, Rapeseed Oil, Rapeseed Oilseed, Rapeseed

2015/162014/152013/142015/162014/152013/142015/162014/152013/14

Production

China (Oct-Sep) 11,631 11,505 10,975 6,579 6,500 6,195 14,458 14,600 14,100

India (Oct-Sep) 3,720 3,660 3,719 2,500 2,450 2,500 7,300 7,100 7,500

Canada (Aug-Jul) 3,925 4,085 3,830 3,050 3,170 2,975 17,966 15,555 13,000

Japan (Oct-Sep) 1,353 1,360 1,360 1,054 1,075 1,075 2 2 2

European Union (Jul-Jun) 13,780 14,370 13,398 9,946 10,371 9,670 21,304 24,365 21,100

Other 5,026 5,540 5,187 3,479 3,810 3,634 10,473 10,193 8,880

World Total 39,435 40,520 38,469 26,608 27,376 26,049 71,503 71,815 64,582

Imports

China (Oct-Sep) 314 100 125 902 750 800 5,046 4,500 3,300

India (Oct-Sep) 0 0 0 160 275 200 0 0 0

Canada (Aug-Jul) 11 22 12 83 35 65 66 70 100

Japan (Oct-Sep) 76 75 75 10 12 12 2,378 2,450 2,450

European Union (Jul-Jun) 457 430 450 296 255 270 3,495 2,300 2,200

Other 5,065 5,057 4,863 2,318 2,375 2,445 4,240 4,665 4,372

World Total 5,923 5,684 5,525 3,769 3,702 3,792 15,225 13,985 12,422

Exports

China (Oct-Sep) 37 30 20 6 10 10 0 0 0

India (Oct-Sep) 1,327 925 1,050 3 3 3 1 0 0

Canada (Aug-Jul) 3,424 3,500 3,420 2,348 2,400 2,500 9,173 8,800 7,400

Japan (Oct-Sep) 2 2 0 2 1 1 0 0 0

European Union (Jul-Jun) 361 400 300 306 340 300 290 590 300

Other 921 880 828 1,151 1,215 1,016 5,499 4,843 4,610

World Total 6,072 5,737 5,618 3,816 3,969 3,830 14,963 14,233 12,310

Domestic Consumption

China (Oct-Sep) 11,908 11,575 11,080 7,025 7,564 7,700 19,100 18,900 18,000

India (Oct-Sep) 2,403 2,735 2,669 2,605 2,755 2,690 7,300 7,225 7,400

Canada (Aug-Jul) 515 520 515 645 675 701 7,084 7,369 6,909

Japan (Oct-Sep) 1,430 1,420 1,420 1,030 1,045 1,060 2,405 2,455 2,455

European Union (Jul-Jun) 13,750 14,400 13,600 9,765 10,200 9,725 24,936 25,960 24,250

Other 9,242 9,684 9,228 4,676 5,068 5,059 8,918 9,833 9,177

World Total 39,248 40,334 38,512 25,746 27,307 26,935 69,743 71,742 68,191

Ending Stocks

China (Oct-Sep) 0 0 0 2,607 2,283 1,568 1,036 1,236 636

India (Oct-Sep) 20 20 20 165 132 139 568 443 543

Canada (Aug-Jul) 98 185 92 211 341 180 2,363 1,819 610

Japan (Oct-Sep) 15 28 43 150 191 217 84 81 78

European Union (Jul-Jun) 215 215 163 203 289 204 2,075 2,190 940

Other 81 114 108 327 229 233 928 1,110 575

World Total 429 562 426 3,663 3,465 2,541 7,054 6,879 3,382

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 20: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 13: Sunflowerseed and Products: World Supply and Distribution

Thousand Metric Tons

Marketing Year

Oilseed, Sunflowerseed Meal, Sunflowerseed Oil, Sunflowerseed

2015/162014/152013/142015/162014/152013/142015/162014/152013/14

Production

Argentina (Mar-Feb) 2,100 2,960 2,600 962 1,220 1,200 934 1,185 1,140

Russia (Sep-Aug) 10,554 8,929 9,400 3,466 3,215 3,330 3,851 3,570 3,690

Turkey (Sep-Aug) 1,400 1,200 1,150 753 647 660 845 725 740

Ukraine (Sep-Aug) 11,600 10,200 10,000 4,700 4,260 4,200 4,725 4,284 4,200

European Union (Oct-Sep) 9,052 8,942 8,100 4,130 4,072 3,965 3,190 3,145 3,055

Other 8,141 7,905 8,136 2,758 2,596 2,672 2,394 2,276 2,338

World Total 42,847 40,136 39,386 16,769 16,010 16,027 15,939 15,185 15,163

Imports

Argentina (Mar-Feb) 1 1 2 0 0 0 0 0 0

Russia (Sep-Aug) 35 35 30 6 0 0 12 10 10

Turkey (Sep-Aug) 581 500 550 757 750 850 776 750 830

Ukraine (Sep-Aug) 15 15 10 0 0 0 0 0 0

European Union (Oct-Sep) 319 250 250 3,364 3,400 3,400 1,039 950 900

Other 549 617 540 1,411 1,436 1,445 4,844 4,279 4,358

World Total 1,500 1,418 1,382 5,538 5,586 5,695 6,671 5,989 6,098

Exports

Argentina (Mar-Feb) 73 80 85 365 500 460 343 475 500

Russia (Sep-Aug) 125 65 50 1,729 1,500 1,500 1,753 1,450 1,500

Turkey (Sep-Aug) 33 30 20 0 0 0 584 550 600

Ukraine (Sep-Aug) 70 50 50 3,648 3,750 3,700 4,181 3,700 3,640

European Union (Oct-Sep) 713 600 500 173 230 180 372 380 300

Other 933 1,000 847 289 264 264 519 506 492

World Total 1,947 1,825 1,552 6,204 6,244 6,104 7,752 7,061 7,032

Domestic Consumption

Argentina (Mar-Feb) 2,251 2,846 2,754 730 730 740 700 722 722

Russia (Sep-Aug) 10,095 9,160 9,420 1,650 1,750 1,850 2,140 2,200 2,270

Turkey (Sep-Aug) 1,986 1,706 1,736 1,490 1,415 1,510 1,050 1,085 1,095

Ukraine (Sep-Aug) 11,385 10,335 10,125 650 650 650 575 580 575

European Union (Oct-Sep) 8,536 8,540 8,330 7,200 7,290 7,220 3,660 3,770 3,750

Other 7,905 7,616 7,797 3,894 3,784 3,831 6,429 6,269 6,272

World Total 42,158 40,203 40,162 15,614 15,619 15,801 14,554 14,626 14,684

Ending Stocks

Argentina (Mar-Feb) 775 810 573 64 54 54 406 394 312

Russia (Sep-Aug) 369 108 68 93 58 38 169 99 29

Turkey (Sep-Aug) 139 103 47 20 2 2 342 182 57

Ukraine (Sep-Aug) 367 197 32 402 262 112 29 33 18

European Union (Oct-Sep) 902 954 474 198 150 115 255 200 105

Other 346 252 284 68 52 74 737 517 449

World Total 2,898 2,424 1,478 845 578 395 1,938 1,425 970

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 21: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 14: Minor Vegetable Oils: World Supply and Distribution

Thousand Metric Tons

Marketing Year

Oil, Peanut Oil, Cottonseed Oil, Olive

2015/162014/152013/142015/162014/152013/142015/162014/152013/14

Production

China (Oct-Sep) 2,725 2,720 2,740 1,487 1,396 1,242 nr nr nr

India (Oct-Sep) 1,220 1,150 1,220 1,305 1,320 1,305 nr nr nr

Turkey (Nov-Oct) 4 5 6 130 180 155 190 190 170

United States (Aug-Jul) 95 95 112 286 277 231 5 5 5

European Union (Oct-Sep) 12 12 12 48 50 48 2,475 1,550 2,150

Other 1,582 1,607 1,609 1,926 1,949 1,902 468 601 535

World Total 5,638 5,589 5,699 5,182 5,172 4,883 3,138 2,346 2,860

Imports

China (Oct-Sep) 74 120 95 0 0 0 nr nr nr

India (Oct-Sep) 0 0 0 0 0 0 nr nr nr

Turkey (Nov-Oct) 0 0 0 0 0 0 0 0 0

United States (Aug-Jul) 25 14 14 14 9 9 311 313 311

European Union (Oct-Sep) 66 66 67 0 0 0 54 180 100

Other 18 17 17 50 56 44 219 216 217

World Total 183 217 193 64 65 53 584 709 628

Exports

China (Oct-Sep) 10 10 10 4 15 5 nr nr nr

India (Oct-Sep) 5 15 5 0 0 0 nr nr nr

Turkey (Nov-Oct) 0 0 0 1 1 1 28 25 25

United States (Aug-Jul) 4 9 9 67 59 50 6 8 8

European Union (Oct-Sep) 3 3 3 1 1 1 675 560 600

Other 180 167 172 62 47 49 136 271 191

World Total 202 204 199 135 123 106 845 864 824

Domestic Consumption

China (Oct-Sep) 2,789 2,830 2,825 1,483 1,381 1,237 nr nr nr

India (Oct-Sep) 1,215 1,135 1,215 1,295 1,317 1,320 nr nr nr

Turkey (Nov-Oct) 4 5 6 135 175 165 150 155 160

United States (Aug-Jul) 116 100 117 233 227 199 310 310 308

European Union (Oct-Sep) 74 75 76 47 49 47 1,780 1,570 1,570

Other 1,448 1,447 1,454 1,919 1,973 1,915 609 559 571

World Total 5,646 5,592 5,693 5,112 5,122 4,883 2,849 2,594 2,609

Ending Stocks

China (Oct-Sep) 0 0 0 0 0 0 nr nr nr

India (Oct-Sep) 10 10 10 58 61 46 nr nr nr

Turkey (Nov-Oct) 0 0 0 7 11 6 21 31 16

United States (Aug-Jul) 9 9 9 45 45 36 0 0 0

European Union (Oct-Sep) 3 3 3 0 0 0 430 30 110

Other 14 24 24 110 95 77 61 48 38

World Total 36 46 46 220 212 165 512 109 164

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 22: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 15: World Oilseeds and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Major Oilseeds

334.54 29.3670.04448.0470.9642.54195.59 2002/03 328.69 49.31

338.36 29.2566.80451.7364.0649.31212.32 2003/04 338.64 46.30

383.88 30.6674.35502.8872.7046.30219.03 2004/05 368.89 59.64

394.13 31.8075.81529.1075.3259.64221.16 2005/06 386.88 66.41

405.92 31.7783.09552.9580.6166.41222.84 2006/07 394.65 75.22

391.75 31.7091.35556.9990.0275.22218.84 2007/08 402.36 63.29

399.75 33.6494.57556.9493.9063.29230.52 2008/09 404.36 58.01

447.42 34.74106.92607.11101.6958.01236.18 2009/10 424.73 75.46

461.17 36.21108.37640.41103.7975.46245.03 2010/11 446.13 85.92

447.87 36.52111.30645.63111.8585.92248.93 2011/12 467.27 67.05

476.06 36.79118.39656.34113.2367.05256.26 2012/13 469.87 68.08

505.92 37.40133.43705.30131.3068.08260.27 2013/14 494.26 77.61

537.10 38.27143.89753.15138.4477.61263.60 2014/15 515.10 94.16

529.05 39.05144.73763.59140.3894.16265.08 2015/16 522.78 96.08

Major Protein Meals

185.81 0.3654.01247.3253.567.94nr 2002/03 186.27 7.04

191.17 0.3759.04256.0157.817.04nr 2003/04 189.36 7.61

206.52 0.3961.20273.6259.497.61nr 2004/05 204.73 7.70

216.81 0.3766.27289.9265.417.70nr 2005/06 215.04 8.61

223.76 0.4068.98299.2466.888.61nr 2006/07 220.90 9.36

231.41 0.4672.14310.4769.699.36nr 2007/08 229.06 9.27

229.17 0.4369.38305.9667.529.27nr 2008/09 229.45 7.13

243.97 0.4672.22319.9168.817.13nr 2009/10 239.20 8.48

256.66 0.4777.24339.1273.988.48nr 2010/11 251.03 10.85

267.44 0.5180.37355.6977.3910.85nr 2011/12 262.99 12.33

268.85 0.5178.40353.8972.7112.33nr 2012/13 264.25 11.24

282.52 0.5282.07372.0378.2711.24nr 2013/14 277.25 12.72

297.37 0.5885.23390.4080.3112.72nr 2014/15 291.49 13.68

305.45 0.5587.99402.5783.4413.68nr 2015/16 301.60 12.98

Major Vegetable Oils

96.47 83.2136.59141.6434.8910.2811.42 2002/03 95.00 10.05

103.21 87.2440.01150.9537.6910.0512.08 2003/04 100.51 10.43

112.04 91.7843.91163.3940.9110.4312.73 2004/05 107.50 11.98

119.42 94.7148.65175.9144.5111.9813.61 2005/06 114.18 13.09

122.14 96.6950.44182.7047.4713.0914.19 2006/07 119.26 13.00

129.28 99.6854.52192.9450.6713.0014.72 2007/08 125.52 12.90

134.39 102.9356.76201.7454.4512.9015.57 2008/09 131.07 13.91

141.69 107.6358.89212.0056.4113.9116.32 2009/10 138.42 14.70

148.85 111.9760.56221.7458.1914.7017.04 2010/11 145.59 15.59

157.81 115.9164.67235.1161.7115.5917.62 2011/12 152.19 18.26

161.28 120.7368.33244.1764.6418.2618.33 2012/13 158.02 17.82

171.42 126.1170.00255.7166.4717.8219.10 2013/14 167.02 18.69

175.85 131.2672.74263.0968.5618.6919.73 2014/15 171.81 18.55

181.42 136.1374.73270.8870.9118.5520.30 2015/16 178.80 17.35

Based on the aggregate of different marketing years

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 23: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 16: World Soybeans and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean

196.95 165.0761.32295.0062.8835.1681.62 2002/03 191.12 42.55

186.79 163.5456.05283.3754.0442.5588.58 2003/04 188.92 38.41

215.91 175.2964.75317.8763.5638.4193.35 2004/05 204.45 48.67

220.86 185.9663.85333.6364.1048.6793.11 2005/06 215.81 53.97

236.30 195.5771.14359.1768.9153.9794.56 2006/07 225.02 63.01

219.01 202.2478.32360.4078.3763.0190.85 2007/08 229.47 52.61

212.08 193.6177.21342.1277.4352.6196.44 2008/09 221.76 43.15

260.56 209.5891.44390.5286.8243.15102.56 2009/10 238.45 60.64

264.35 221.2391.70413.7488.7660.64103.36 2010/11 251.25 70.79

240.43 228.3692.19404.6793.4570.79103.14 2011/12 258.60 53.89

268.82 230.18100.81418.6295.9153.89109.78 2012/13 261.65 56.15

283.25 241.18112.64450.67111.2856.15113.08 2013/14 275.31 62.73

319.36 258.34124.30501.80119.7162.73117.81 2014/15 296.94 80.57

320.05 271.61127.18523.92123.3080.57120.81 2015/16 309.85 86.88

Meal, Soybean

130.23 165.0743.04178.4842.415.84nr 2002/03 129.92 5.52

128.92 163.5546.08179.3644.925.52nr 2003/04 127.64 5.64

138.62 175.3047.70190.2846.025.64nr 2004/05 136.74 5.84

146.41 185.9752.25203.6851.435.84nr 2005/06 145.28 6.15

153.82 195.5954.70212.7852.816.15nr 2006/07 150.99 7.09

158.71 202.2856.06220.6654.867.09nr 2007/08 157.42 7.18

152.17 193.8052.84211.0351.697.18nr 2008/09 153.25 4.94

165.27 209.9155.61223.6953.484.94nr 2009/10 161.48 6.60

174.44 221.6758.55237.9556.916.60nr 2010/11 170.95 8.45

180.47 228.8658.27245.9056.988.45nr 2011/12 177.80 9.83

181.25 230.7157.91244.9053.839.83nr 2012/13 177.28 9.71

189.45 241.6760.05256.9957.839.71nr 2013/14 186.31 10.63

203.69 258.8963.36274.4360.1110.63nr 2014/15 199.38 11.70

214.11 272.1866.21288.7862.9711.70nr 2015/16 211.28 11.28

Oil, Soybean

30.58 165.078.8142.048.213.25nr 2002/03 30.11 3.12

30.24 163.548.7041.768.393.12nr 2003/04 30.30 2.75

32.57 175.299.0644.188.862.75nr 2004/05 31.83 3.29

34.86 185.969.7947.229.083.29nr 2005/06 33.54 3.90

36.43 195.5710.5350.309.973.90nr 2006/07 35.71 4.06

37.74 202.2610.8452.1910.404.06nr 2007/08 37.51 3.84

35.94 193.789.1848.959.173.84nr 2008/09 36.38 3.39

38.85 209.899.1650.958.723.39nr 2009/10 38.20 3.59

41.38 221.659.6454.489.513.59nr 2010/11 40.76 4.08

42.74 228.818.4754.787.964.08nr 2011/12 42.20 4.11

43.09 230.669.3655.698.494.11nr 2012/13 42.59 3.74

45.00 241.629.3958.099.353.74nr 2013/14 45.36 3.35

48.12 258.8410.3061.259.783.35nr 2014/15 47.39 3.56

50.66 272.1310.8764.3710.153.56nr 2015/16 49.90 3.60

Based on the aggregate of different marketing years, primarily October through September.

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 24: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 17: World Rapeseed and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Oilseed, Rapeseed

33.29 0.414.1340.164.022.8522.10 2002/03 33.83 2.20

39.48 0.425.5346.825.142.2025.49 2003/04 38.91 2.38

46.16 0.444.9153.545.002.3826.71 2004/05 43.35 5.29

48.60 0.456.9860.556.665.2927.29 2005/06 47.78 5.79

45.04 0.476.6357.826.995.7926.42 2006/07 46.12 5.06

48.64 0.488.1661.247.545.0628.31 2007/08 49.13 3.95

57.89 0.5012.1373.9612.113.9531.04 2008/09 54.53 7.30

61.03 0.5210.8479.0710.747.3031.46 2009/10 59.33 8.90

60.61 0.5410.8779.6110.108.9033.84 2010/11 60.38 8.36

61.61 0.6312.9283.1513.188.3634.13 2011/12 63.66 6.58

63.75 0.6612.4582.9812.666.5836.32 2012/13 65.50 5.03

71.50 0.7014.9691.7615.235.0336.23 2013/14 69.74 7.05

71.82 0.7814.2392.8513.997.0535.66 2014/15 71.74 6.88

64.58 0.8512.3183.8812.426.8834.78 2015/16 68.19 3.38

Meal, Rapeseed

18.82 0.001.6220.901.730.34nr 2002/03 18.96 0.32

21.76 0.002.4924.572.490.32nr 2003/04 21.59 0.49

24.23 0.002.2427.022.300.49nr 2004/05 24.43 0.35

26.50 0.002.5129.402.550.35nr 2005/06 26.30 0.60

25.72 0.002.9629.373.050.60nr 2006/07 26.12 0.29

27.62 0.003.6931.463.550.29nr 2007/08 27.48 0.30

30.70 0.003.5934.583.580.30nr 2008/09 30.74 0.25

33.41 0.003.6037.283.630.25nr 2009/10 33.23 0.45

34.05 0.005.1739.424.920.45nr 2010/11 33.73 0.53

35.72 0.005.4841.385.140.53nr 2011/12 35.35 0.56

36.92 0.005.4642.675.180.56nr 2012/13 36.82 0.39

39.44 0.006.0745.755.920.39nr 2013/14 39.25 0.43

40.52 0.005.7446.635.680.43nr 2014/15 40.33 0.56

38.47 0.005.6244.565.530.56nr 2015/16 38.51 0.43

Oil, Rapeseed

12.27 11.060.9113.880.890.72nr 2002/03 12.40 0.57

14.18 12.521.3316.111.360.57nr 2003/04 14.41 0.38

15.79 12.901.2917.371.200.38nr 2004/05 15.59 0.48

17.52 13.221.6519.471.470.48nr 2005/06 17.12 0.70

17.20 12.601.9920.102.200.70nr 2006/07 17.57 0.54

18.53 13.111.9021.092.030.54nr 2007/08 18.36 0.83

20.59 14.092.4423.872.440.83nr 2008/09 20.45 0.97

22.51 14.782.7426.412.920.97nr 2009/10 22.08 1.59

23.05 15.743.4227.973.331.59nr 2010/11 23.29 1.26

24.12 16.093.9729.394.011.26nr 2011/12 23.68 1.74

24.91 16.423.9430.523.871.74nr 2012/13 23.73 2.85

26.61 17.293.8233.233.772.85nr 2013/14 25.75 3.66

27.38 18.623.9734.743.703.66nr 2014/15 27.31 3.47

26.05 18.613.8333.313.793.47nr 2015/16 26.94 2.54

Based on the aggregate of different marketing years.

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 25: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 18: World Sunflower and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Exports Domestic

Consumpti

Ending

Stocks

Oilseed, Sunflowerseed

23.97 2.4823.231.551.371.9220.18 2002/03

26.90 3.2526.052.262.192.4823.01 2003/04

25.34 2.8625.651.231.143.2520.83 2004/05

30.26 3.4029.591.521.382.8622.79 2005/06

30.18 4.0529.401.911.773.4023.42 2006/07

27.38 3.7327.471.461.234.0521.01 2007/08

33.29 3.9832.772.141.863.7323.65 2008/09

31.78 2.7332.971.551.483.9822.91 2009/10

33.08 2.4633.141.781.572.7322.94 2010/11

39.68 2.3639.491.921.642.4624.84 2011/12

35.98 2.6635.561.441.312.3623.73 2012/13

42.85 2.9042.161.951.502.6624.38 2013/14

40.14 2.4240.201.831.422.9023.39 2014/15

39.39 1.4840.161.551.382.4223.19 2015/16

Meal, Sunflowerseed

9.01 0.179.072.312.200.33nr 2002/03

10.23 0.219.992.852.650.17nr 2003/04

9.98 0.229.752.762.550.21nr 2004/05

11.53 0.3311.173.543.280.22nr 2005/06

11.51 0.2611.413.473.290.33nr 2006/07

10.75 0.2810.223.282.770.26nr 2007/08

12.78 0.6112.154.273.960.28nr 2008/09

12.96 0.6412.314.113.490.61nr 2009/10

13.00 0.6612.244.593.860.64nr 2010/11

15.67 1.1314.546.766.100.66nr 2011/12

14.01 0.3614.405.104.721.13nr 2012/13

16.77 0.8515.616.205.540.36nr 2013/14

16.01 0.5815.626.245.590.85nr 2014/15

16.03 0.4015.806.105.700.58nr 2015/16

Oil, Sunflowerseed

8.14 0.737.752.311.990.66nr 2002/03

9.21 0.738.502.681.960.73nr 2003/04

9.16 0.958.532.582.170.73nr 2004/05

10.68 1.129.893.923.300.95nr 2005/06

10.74 0.9710.174.053.331.12nr 2006/07

10.19 1.039.353.522.750.97nr 2007/08

12.00 1.7610.814.544.081.03nr 2008/09

12.14 1.5211.644.503.751.76nr 2009/10

12.21 1.1411.764.533.711.52nr 2010/11

14.74 2.1212.986.475.691.14nr 2011/12

13.25 1.6313.225.484.962.12nr 2012/13

15.94 1.9414.557.756.671.63nr 2013/14

15.19 1.4314.637.065.991.94nr 2014/15

15.16 0.9714.687.036.101.43nr 2015/16

Based on the aggregate of different marketing years, primarily September through August.

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 26: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 19: World Palm Oil, Coconut Oil, and Fish Meal Supply and Distribution

Million Metric Tons

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Industrial

Dom.

Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Oil, Palm

19.67 21.984.3820.4050.7627.763.33 2002/03 26.90 3.47

21.91 23.035.0922.6955.4830.113.47 2003/04 28.64 4.16

24.35 24.916.2725.9062.1333.634.16 2004/05 31.71 4.52

26.14 26.047.2328.0666.6736.014.52 2005/06 33.81 4.81

27.14 27.537.8428.5469.5237.584.81 2006/07 35.88 5.10

30.66 30.109.1432.6477.1841.425.10 2007/08 39.84 4.70

34.00 32.0210.0735.2283.1544.454.70 2008/09 42.73 5.21

35.41 34.0210.2936.3786.9946.375.21 2009/10 44.96 5.66

36.61 35.6211.5937.2991.5149.245.66 2010/11 47.82 6.40

38.84 37.1512.6239.8497.8352.586.40 2011/12 50.47 7.51

41.82 40.0614.4443.20105.9156.597.51 2012/13 55.19 7.52

41.82 41.3815.7543.28108.9059.567.52 2013/14 57.86 7.75

43.94 43.7914.3345.40113.1461.457.75 2014/15 58.95 8.80

45.74 46.3016.4847.00119.7065.178.80 2015/16 63.61 9.09

Oil, Coconut

1.89 1.801.251.735.533.150.49 2002/03 3.16 0.63

1.68 1.741.411.795.583.270.63 2003/04 3.28 0.51

1.91 1.801.402.085.843.420.51 2004/05 3.29 0.47

2.03 1.781.432.055.843.340.47 2005/06 3.35 0.44

1.87 1.741.431.745.473.160.44 2006/07 3.25 0.48

1.90 1.851.511.935.853.470.48 2007/08 3.38 0.54

1.66 1.721.561.485.623.420.54 2008/09 3.29 0.85

2.28 2.151.682.176.663.530.85 2009/10 3.84 0.64

1.78 1.961.671.716.113.680.64 2010/11 3.65 0.75

1.82 1.971.551.866.013.430.75 2011/12 3.54 0.60

1.87 2.021.711.916.123.650.60 2012/13 3.75 0.47

1.68 1.821.581.735.523.380.47 2013/14 3.41 0.38

1.71 1.741.631.785.443.350.38 2014/15 3.38 0.27

1.70 1.781.631.765.373.390.27 2015/16 3.42 0.19

Meal, Fish

2.85 0.000.052.858.524.730.94 2002/03 5.07 0.60

3.12 0.000.053.209.265.540.60 2003/04 5.28 0.77

3.60 0.000.063.659.905.520.77 2004/05 5.60 0.66

2.95 0.000.052.728.384.770.66 2005/06 5.02 0.63

2.69 0.000.052.598.284.960.63 2006/07 4.83 0.85

3.01 0.000.052.858.885.020.85 2007/08 5.31 0.72

3.11 0.000.052.958.744.910.72 2008/09 5.22 0.57

2.63 0.000.052.277.123.920.57 2009/10 4.67 0.19

2.66 0.000.052.497.865.020.19 2010/11 4.77 0.61

2.92 0.000.052.597.704.180.61 2011/12 4.92 0.20

2.36 0.000.052.136.924.370.20 2012/13 4.49 0.31

2.62 0.000.052.187.064.140.31 2013/14 4.66 0.22

2.45 0.000.052.206.974.290.22 2014/15 4.58 0.19

2.49 0.000.052.166.934.250.19 2015/16 4.63 0.14

Based on the aggregate of different marketing years.

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 27: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 20: United States Oilseeds and Products Supply and Distribution Local Marketing Year

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Major Oilseeds

83,935 47,50529,43391,3585506,87336,284 2002/03 56,090 5,835

76,604 45,53925,15882,9425035,83536,041 2003/04 53,632 4,152

95,944 50,16730,708100,7776814,15236,808 2004/05 61,780 8,289

95,670 51,89726,611104,6236648,28936,587 2005/06 63,811 14,201

96,843 53,48331,647112,0771,03314,20136,962 2006/07 63,407 17,023

82,453 53,49533,045100,7411,26517,02331,970 2007/08 60,787 6,909

89,201 49,34335,69497,4051,2956,90935,265 2008/09 56,092 5,619

98,951 51,48241,691105,6361,0665,61935,511 2009/10 58,401 5,544

100,432 49,32341,937106,9219455,54437,179 2010/11 57,665 7,319

92,442 50,31637,813101,0461,2857,31935,131 2011/12 57,621 5,612

93,323 50,25037,156100,5401,6055,61236,676 2012/13 57,621 5,763

99,016 51,45945,549107,8453,0665,76335,438 2013/14 58,343 3,953

117,171 54,38850,661122,9151,7913,95339,173 2014/15 64,260 7,994

115,396 54,62347,943125,0911,7017,99438,909 2015/16 62,682 14,466

Major Protein Meals

36,594 47,5055,92438,0821,202286nr 2002/03 31,912 246

35,189 45,5394,94537,2801,845246nr 2003/04 32,062 273

39,240 50,1676,95441,0501,537273nr 2004/05 33,881 215

39,920 51,8977,60841,7981,663215nr 2005/06 33,829 361

41,440 53,4838,26443,5101,709361nr 2006/07 34,861 385

40,867 53,4958,70643,2441,992385nr 2007/08 34,205 333

37,721 49,3437,94039,8711,817333nr 2008/09 31,685 246

40,076 51,48210,30841,6661,344246nr 2009/10 31,017 341

38,055 49,3238,48740,6372,241341nr 2010/11 31,772 378

39,507 50,3169,17042,9173,032378nr 2011/12 33,411 336

38,690 50,25010,46042,4203,394336nr 2012/13 31,647 313

39,387 51,45910,77443,4983,798313nr 2013/14 32,433 291

42,530 54,38811,73446,6463,825291nr 2014/15 34,576 336

42,485 54,62310,84046,3793,558336nr 2015/16 35,203 336

Major Vegetable Oils

9,208 47,5051,23812,0561,5431,3050 2002/03 9,896 922

8,772 45,53974011,6051,9119220 2003/04 10,070 795

9,769 50,16783812,4051,8417950 2004/05 10,443 1,124

10,436 51,89789913,9392,3791,1240 2005/06 11,243 1,797

10,450 53,4831,33314,7742,5271,7970 2006/07 11,700 1,741

10,544 53,4951,67915,3933,1081,7410 2007/08 12,250 1,464

9,667 49,3431,45714,3613,2301,4640 2008/09 11,167 1,737

10,058 51,4821,94815,1333,3381,7370 2009/10 11,194 1,991

9,774 49,3231,86115,3773,6121,9910 2010/11 11,906 1,610

10,033 50,3161,14615,4743,8311,6100 2011/12 12,784 1,544

10,227 50,2501,38715,5723,8011,5440 2012/13 13,026 1,159

10,423 51,4591,11515,5994,0171,1590 2013/14 13,508 976

10,818 54,3881,14315,8804,0869760 2014/15 13,669 1,068

11,014 54,6231,17016,2554,1731,0680 2015/16 13,884 1,201

Based on the aggregate of different marketing years

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 28: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 21: United States Soybeans and Products Supply and Distribution Local Marketing Years

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean

75,010 43,94828,42380,8001275,66329,339 2002/03 47,524 4,853

66,783 41,63224,12871,7871514,85329,330 2003/04 44,600 3,059

85,019 46,16029,86088,2301523,05929,930 2004/05 51,410 6,960

83,507 47,32425,57990,559926,96028,834 2005/06 52,751 12,229

87,001 49,19830,38699,47624612,22930,190 2006/07 53,473 15,617

72,859 49,08131,53888,74526915,61725,959 2007/08 51,627 5,580

80,749 45,23034,81786,6903615,58030,222 2008/09 48,112 3,761

91,470 47,67340,79895,6283973,76130,907 2009/10 50,724 4,106

90,663 44,85140,95995,1623934,10631,003 2010/11 48,351 5,852

84,291 46,34837,18690,5824395,85229,856 2011/12 48,786 4,610

82,791 45,96736,12988,5041,1034,61030,814 2012/13 48,550 3,825

91,389 47,19244,57497,1661,9523,82530,858 2013/14 50,088 2,504

108,014 50,21349,668111,3358172,50433,614 2014/15 55,137 6,530

106,588 50,62146,947113,9348166,53033,811 2015/16 54,204 12,783

Meal, Soybean

34,649 43,9485,72835,024157218nr 2002/03 29,096 200

32,953 41,6324,69033,412259200nr 2003/04 28,531 191

36,936 46,1606,65937,261134191nr 2004/05 30,446 156

37,416 47,3247,30137,700128156nr 2005/06 30,114 285

39,037 49,1987,98739,464142285nr 2006/07 31,166 311

38,359 49,0818,38438,798128311nr 2007/08 30,148 266

35,473 45,2307,70835,81980266nr 2008/09 27,898 213

37,836 47,67310,12538,194145213nr 2009/10 27,795 274

35,608 44,8518,23836,045163274nr 2010/11 27,489 318

37,217 46,3488,84537,731196318nr 2011/12 28,614 272

36,174 45,96710,11136,668222272nr 2012/13 26,308 249

36,909 47,19210,47437,505347249nr 2013/14 26,804 227

40,097 50,21311,47640,642318227nr 2014/15 28,894 272

40,120 50,62110,56940,687295272nr 2015/16 29,846 272

Oil, Soybean

8,360 43,9481,0279,451211,070nr 2002/03 7,748 676

7,748 41,6324258,563139676nr 2003/04 7,650 488

8,782 46,1606009,28212488nr 2004/05 7,911 771

9,248 47,32452310,03516771nr 2005/06 8,147 1,365

9,294 49,19885110,676171,365nr 2006/07 8,426 1,399

9,335 49,0811,32010,764301,399nr 2007/08 8,317 1,127

8,503 45,2309959,671411,127nr 2008/09 7,378 1,298

8,897 47,6731,52410,242471,298nr 2009/10 7,173 1,545

8,568 44,8511,46610,185721,545nr 2010/11 7,619 1,100

8,954 46,34866410,122681,100nr 2011/12 8,306 1,152

8,990 45,96798210,231891,152nr 2012/13 8,476 773

9,131 47,1928519,97975773nr 2013/14 8,599 529

9,550 50,21388410,192113529nr 2014/15 8,618 690

9,752 50,62190710,53290690nr 2015/16 8,799 826

Data based on Local Marketing Year (MY). Soybeans are on a September/August MY, and Soybean

Meal and Oil are on an October/September MY.

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 29: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 22: Brazil Soybeans and Products Supply and Distribution Local Marketing Years

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

52,000 27,79619,98754,1051,12498118,448 2002/03 30,220 3,898

51,000 28,91419,25755,2623643,89821,520 2003/04 31,457 4,548

53,000 29,72822,79957,9003524,54822,917 2004/05 32,413 2,688

57,000 28,75624,77059,728402,68822,229 2005/06 31,506 3,452

59,000 31,51123,80562,5601083,45220,700 2006/07 34,261 4,494

61,000 31,89524,51565,577834,49421,300 2007/08 34,695 6,367

57,800 30,77928,04164,2911246,36721,700 2008/09 33,579 2,671

69,000 35,70029,18871,8211502,67123,500 2009/10 38,550 4,083

75,300 37,26433,78979,423404,08324,200 2010/11 40,164 5,470

66,500 36,23031,90572,2682985,47025,000 2011/12 39,130 1,233

82,000 36,43242,82683,4732401,23327,700 2012/13 39,378 1,269

86,700 38,27445,74788,5485791,26930,100 2013/14 41,274 1,527

94,500 39,45050,20096,2922651,52731,500 2014/15 42,600 3,492

97,000 39,55054,600100,7422503,49232,500 2015/16 42,770 3,372

Meal, Soybean (Local)

21,773 27,79613,54222,813337703nr 2002/03 8,292 979

22,330 28,91414,59623,536227979nr 2003/04 8,099 841

23,040 29,72814,25624,125244841nr 2004/05 9,133 736

22,280 28,75612,28723,230214736nr 2005/06 10,080 863

24,420 31,51112,34625,429146863nr 2006/07 11,520 1,563

24,720 31,89512,70926,4261431,563nr 2007/08 12,000 1,717

23,850 30,77912,15325,653861,717nr 2008/09 12,200 1,300

27,670 35,70014,14729,055851,300nr 2009/10 13,143 1,765

28,880 37,26414,45230,696511,765nr 2010/11 14,000 2,244

28,080 36,23013,85430,339152,244nr 2011/12 14,100 2,385

28,230 36,43213,61930,645302,385nr 2012/13 14,326 2,700

29,620 38,27413,72132,347272,700nr 2013/14 14,800 3,826

30,530 39,45015,20034,381253,826nr 2014/15 15,200 3,981

30,610 39,55015,20034,616253,981nr 2015/16 15,450 3,966

Oil, Soybean (Local)

5,349 27,7962,4055,58747191nr 2002/03 2,897 285

5,550 28,9142,5315,84914285nr 2003/04 2,970 348

5,705 29,7282,6976,0563348nr 2004/05 3,099 260

5,520 28,7562,3155,79818260nr 2005/06 3,211 272

6,050 31,5112,5216,38462272nr 2006/07 3,505 358

6,120 31,8952,1986,4879358nr 2007/08 4,005 284

5,910 30,7791,4966,23541284nr 2008/09 4,395 344

6,850 35,7001,6327,1962344nr 2009/10 5,060 504

7,150 37,2641,7587,6540504nr 2010/11 5,305 591

6,950 36,2301,6887,5432591nr 2011/12 5,415 440

6,980 36,4321,4107,4244440nr 2012/13 5,563 451

7,340 38,2741,3267,7910451nr 2013/14 5,970 495

7,570 39,4501,3908,0661495nr 2014/15 6,180 496

7,590 39,5501,3908,0860496nr 2015/16 6,255 441

Data based on Brazil's local February/January Marketing Year (MY).

Where February 2012 - January 2013 is the 2011/12 MY.

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 30: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 23: Argentina Soybeans and Products Supply and Distribution Local Marketing Years

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

35,500 24,8158,80936,9683771,09112,600 2002/03 26,075 2,084

33,000 25,0726,79935,8037192,08414,000 2003/04 26,472 2,532

39,000 29,56010,68642,2417092,53214,400 2004/05 31,000 555

40,500 32,7487,13242,0681,01355515,200 2005/06 34,268 668

48,800 35,96312,13351,8042,33666816,300 2006/07 37,598 2,073

46,200 31,88311,80351,2202,9472,07316,371 2007/08 33,543 5,874

32,000 28,5553,48638,0311575,87416,000 2008/09 30,275 4,270

54,500 39,19613,70158,77004,27018,600 2009/10 41,076 3,993

49,000 37,52110,38953,006133,99318,300 2010/11 39,351 3,266

40,100 30,6816,09843,36823,26617,577 2011/12 33,031 4,239

49,300 35,0097,81753,54124,23919,750 2012/13 38,209 7,515

53,500 38,4977,43361,01727,51519,400 2013/14 42,984 10,600

60,800 39,4259,70071,402210,60019,300 2014/15 44,442 17,260

57,000 42,5009,77574,262217,26020,000 2015/16 47,602 16,885

Meal, Soybean (Local)

19,667 24,81519,16220,4490782nr 2002/03 375 912

19,741 25,07219,07820,6552912nr 2003/04 492 1,085

23,350 29,56022,70324,43611,085nr 2004/05 530 1,203

25,582 32,74824,72326,78501,203nr 2005/06 535 1,527

27,857 35,96328,10829,38621,527nr 2006/07 544 734

24,839 31,88324,38925,5763734nr 2007/08 652 535

22,519 28,55521,30323,0584535nr 2008/09 750 1,005

30,493 39,19628,38431,49801,005nr 2009/10 850 2,264

29,181 37,52127,48531,44502,264nr 2010/11 1,035 2,925

23,946 30,68121,97326,87102,925nr 2011/12 1,450 3,448

27,150 35,00923,93730,59803,448nr 2012/13 1,850 4,811

29,527 38,49727,42534,33804,811nr 2013/14 2,100 4,813

30,515 39,42528,65035,32804,813nr 2014/15 2,331 4,347

32,960 42,50030,55037,30704,347nr 2015/16 2,600 4,157

Oil, Soybean (Local)

4,672 24,8154,2455,0520380nr 2002/03 389 418

4,724 25,0724,4465,1420418nr 2003/04 392 304

5,558 29,5605,0825,8620304nr 2004/05 395 385

6,169 32,7485,6676,5540385nr 2005/06 402 485

6,917 35,9636,5157,4020485nr 2006/07 675 212

6,037 31,8834,9876,2490212nr 2007/08 1,125 137

5,448 28,5553,7095,5850137nr 2008/09 1,716 160

7,460 39,1965,1807,6200160nr 2009/10 2,215 225

7,148 37,5214,2277,3730225nr 2010/11 2,755 391

5,840 30,6813,4336,26635391nr 2011/12 2,620 213

6,616 35,0094,2816,88859213nr 2012/13 2,375 232

7,190 38,4974,2967,44826232nr 2013/14 2,843 309

7,525 39,4254,8307,84915309nr 2014/15 2,750 269

8,050 42,5005,2508,33415269nr 2015/16 2,815 269

Data based on Argentina's Local April/March Marketing Year (MY).

Where April 2012 - March 2013 is the 2011/12 MY.

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 31: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 24: South East Asia Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2011/12 2012/13 2013/14 2014/15

Jul

2015/16

Aug

2015/16

none

Production none

4,249 Oilseed, Copra 4,547 4,198 4,174 4,241 4,241

11,881 Oilseed, Palm Kernel 12,816 13,632 14,145 14,926 14,926

1,142 Oilseed, Soybean 1,065 1,078 1,028 1,026 1,026

4,004 Other 3,813 3,809 3,906 3,878 3,878

21,276 Total 22,241 22,717 23,253 24,071 24,071

none

Domestic Consumption none

593 Meal, Fish 576 517 514 505 505

495 Meal, Rapeseed 479 523 554 590 565

14,004 Meal, Soybean 14,787 15,983 17,409 18,950 18,950

2,282 Other 2,534 2,649 2,965 3,092 3,092

17,374 Total 18,376 19,672 21,442 23,137 23,112

none

SME none

858 Meal, Fish 832 747 742 729 729

352 Meal, Rapeseed 341 373 394 420 402

14,004 Meal, Soybean 14,787 15,983 17,409 18,950 18,950

1,332 Other 1,420 1,459 1,602 1,643 1,643

16,546 Total 17,379 18,562 20,148 21,742 21,724

none

Imports none

146 Meal, Fish 140 155 153 153 153

496 Meal, Rapeseed 479 524 554 590 565

11,415 Meal, Soybean 12,485 13,743 14,971 16,172 16,172

332 Other 454 355 465 460 460

12,389 Total 13,558 14,777 16,143 17,375 17,350

none

Industrial Dom. Cons. none

5,366 Oil, Palm 6,216 7,398 6,225 9,780 8,200

0 Oil, Rapeseed 0 0 0 0 0

45 Oil, Soybean 34 36 39 42 42

0 Oil, Sunflowerseed 0 0 0 0 0

3,346 Other 3,605 3,869 4,143 4,238 4,238

8,757 Total 9,855 11,303 10,407 14,060 12,480

none

Food Use Dom. Cons. none

7,317 Oil, Palm 7,577 8,295 8,710 8,835 9,085

4 Oil, Rapeseed 5 6 6 7 7

506 Oil, Soybean 466 517 547 584 584

140 Oil, Sunflowerseed 110 110 146 146 146

1,378 Other 1,482 1,488 1,408 1,475 1,425

9,345 Total 9,640 10,416 10,817 11,047 11,247

none

Domestic Consumption none

13,024 Oil, Palm 14,138 16,043 15,375 19,055 17,725

4 Oil, Rapeseed 5 6 6 7 7

551 Oil, Soybean 500 553 586 626 626

140 Oil, Sunflowerseed 110 110 146 146 146

4,732 Other 5,095 5,367 5,561 5,723 5,673

18,451 Total 19,848 22,079 21,674 25,557 24,177

none

Imports none

4,125 Oil, Palm 3,067 2,908 3,550 3,120 3,320

4 Oil, Rapeseed 5 6 6 7 7

240 Oil, Soybean 226 299 310 320 320

0 Oil, Sunflowerseed 0 0 0 0 0

817 Other 606 504 485 475 475

5,186 Total 3,904 3,717 4,351 3,922 4,122

Southeast Asia includes Brunei, Burma, Cambonia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, and Vietnam.

SME - 44 Percent Protein Soybean Meal Equivalent

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 32: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 25: Middle East Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2011/12 2012/13 2013/14 2014/15

Jul

2015/16

Aug

2015/16

none

Production none

1,602 Oilseed, Cottonseed 1,330 1,106 1,223 1,068 1,068

35 Oilseed, Rapeseed 55 80 85 85 85

222 Oilseed, Soybean 246 318 332 287 287

1,029 Oilseed, Sunflowerseed 1,230 1,502 1,306 1,256 1,256

90 Other 120 140 120 120 120

2,978 Total 2,981 3,146 3,066 2,816 2,816

none

Domestic Consumption none

61 Meal, Fish 81 90 91 93 93

480 Meal, Rapeseed 417 440 555 600 576

5,750 Meal, Soybean 5,806 6,398 6,596 6,852 6,872

2,442 Other 2,156 2,394 2,370 2,419 2,419

8,733 Total 8,460 9,322 9,612 9,964 9,960

none

SME none

88 Meal, Fish 117 130 131 134 134

342 Meal, Rapeseed 297 313 395 427 410

5,750 Meal, Soybean 5,806 6,398 6,596 6,852 6,872

2,203 Other 1,952 2,185 2,156 2,208 2,208

8,383 Total 8,172 9,026 9,278 9,621 9,624

none

Imports none

62 Meal, Fish 73 85 86 88 88

116 Meal, Rapeseed 78 41 33 70 40

4,957 Meal, Soybean 4,829 5,295 4,687 5,030 4,780

1,192 Other 749 1,117 1,115 1,218 1,218

6,327 Total 5,729 6,538 5,921 6,406 6,126

none

Imports none

2,239 Oil, Palm 2,389 2,414 2,480 2,605 2,605

2 Oil, Rapeseed 2 6 5 3 3

506 Oil, Soybean 651 640 494 619 504

1,331 Oil, Sunflowerseed 1,154 1,811 1,699 1,816 1,816

45 Other 52 66 63 64 64

4,123 Total 4,248 4,937 4,741 5,107 4,992

none

Industrial Dom. Cons. none

150 Oil, Palm 160 180 175 205 205

30 Oil, Rapeseed 20 35 35 35 35

62 Oil, Soybean 66 75 119 141 141

30 Oil, Sunflowerseed 40 30 25 25 25

45 Other 47 53 51 46 46

317 Total 333 373 405 452 452

none

Food Use Dom. Cons. none

1,663 Oil, Palm 1,770 1,903 1,925 2,090 2,090

70 Oil, Rapeseed 60 90 179 175 180

797 Oil, Soybean 800 808 768 821 771

1,511 Oil, Sunflowerseed 1,616 1,851 2,123 2,128 2,128

556 Other 496 526 488 512 512

4,597 Total 4,742 5,178 5,483 5,726 5,681

none

Domestic Consumption none

1,813 Oil, Palm 1,930 2,083 2,100 2,295 2,295

100 Oil, Rapeseed 80 125 214 210 215

874 Oil, Soybean 881 928 952 1,027 977

1,566 Oil, Sunflowerseed 1,681 1,901 2,168 2,173 2,173

601 Other 543 579 539 558 558

4,954 Total 5,115 5,616 5,973 6,263 6,218

Middle East includes Bahrain, Gaza Strip, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey,

United Arab Emirates, West Banks, and Yemen.

SME - 44 Percent Protein Soybean Meal Equivalent

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 33: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 26: European Union Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2011/12 2012/13 2013/14 2014/15

Jul

2015/16

Aug

2015/16

none

Production none

19,240 Oilseed, Rapeseed 19,560 21,304 24,365 21,400 21,100

1,220 Oilseed, Soybean 948 1,211 1,681 1,980 1,950

8,455 Oilseed, Sunflowerseed 7,088 9,052 8,942 8,200 8,100

550 Other 484 480 523 466 466

29,465 Total 28,080 32,047 35,511 32,046 31,616

none

Domestic Consumption none

676 Meal, Fish 551 598 585 585 585

12,375 Meal, Rapeseed 13,122 13,750 14,400 13,800 13,600

29,670 Meal, Soybean 27,122 28,442 30,042 30,892 31,342

9,921 Other 9,592 9,634 9,554 9,488 9,483

52,642 Total 50,387 52,424 54,581 54,765 55,010

none

SME none

977 Meal, Fish 796 864 845 845 845

8,805 Meal, Rapeseed 9,336 9,783 10,246 9,819 9,676

29,670 Meal, Soybean 27,122 28,442 30,042 30,892 31,342

7,743 Other 7,483 7,746 7,769 7,706 7,702

47,194 Total 44,738 46,835 48,901 49,262 49,565

none

Imports none

466 Meal, Fish 330 373 360 350 350

244 Meal, Rapeseed 415 457 430 450 450

20,872 Meal, Soybean 16,941 18,175 19,550 20,100 20,300

6,620 Other 5,698 5,656 5,520 5,520 5,520

28,202 Total 23,384 24,661 25,860 26,420 26,620

none

Industrial Dom. Cons. none

2,310 Oil, Palm 2,905 2,925 2,750 2,700 2,700

6,750 Oil, Rapeseed 6,650 7,450 7,675 7,400 7,300

1,031 Oil, Soybean 841 900 950 900 950

233 Oil, Sunflowerseed 220 250 260 260 240

482 Other 470 450 410 410 410

10,806 Total 11,086 11,975 12,045 11,670 11,600

none

Food Use Dom. Cons. none

2,950 Oil, Palm 3,380 3,550 3,600 3,650 3,800

2,600 Oil, Rapeseed 2,568 2,300 2,500 2,500 2,400

1,010 Oil, Soybean 1,000 1,000 1,000 1,000 1,050

3,215 Oil, Sunflowerseed 3,150 3,400 3,500 3,500 3,500

2,912 Other 2,607 2,611 2,424 2,428 2,428

12,687 Total 12,705 12,861 13,024 13,078 13,178

none

Domestic Consumption none

5,523 Oil, Palm 6,560 6,775 6,650 6,650 6,800

9,361 Oil, Rapeseed 9,231 9,765 10,200 9,925 9,725

2,109 Oil, Soybean 1,908 1,970 2,020 1,970 2,070

3,453 Oil, Sunflowerseed 3,375 3,660 3,770 3,770 3,750

3,420 Other 3,105 3,081 2,849 2,853 2,853

23,866 Total 24,179 25,251 25,489 25,168 25,198

none

Imports none

5,707 Oil, Palm 6,798 6,902 6,800 6,800 6,950

607 Oil, Rapeseed 210 296 255 270 270

386 Oil, Soybean 322 325 300 200 150

992 Oil, Sunflowerseed 942 1,039 950 900 900

1,428 Other 1,657 1,296 1,386 1,317 1,317

9,120 Total 9,929 9,858 9,691 9,487 9,587

European Union includes Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France,

Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania,

Slovakia, Slovenia, Spain, Sweden, and United Kingdom.

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 34: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 27: China Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2011/12 2012/13 2013/14 2014/15

Jul

2015/16

Aug

2015/16

none

Production none

16,046 Oilseed, Peanut 16,692 16,972 16,500 16,700 16,700

13,426 Oilseed, Rapeseed 14,007 14,458 14,600 14,100 14,100

14,485 Oilseed, Soybean 13,050 12,200 12,350 11,500 11,500

2,313 Oilseed, Sunflowerseed 2,323 2,423 2,350 2,400 2,400

13,325 Other 13,720 12,835 11,757 10,580 10,190

59,595 Total 59,792 58,888 57,557 55,280 54,890

none

Domestic Consumption none

1,624 Meal, Fish 1,368 1,447 1,330 1,400 1,400

10,737 Meal, Rapeseed 10,695 11,908 11,575 11,167 11,080

47,435 Meal, Soybean 50,091 52,534 57,130 59,642 61,380

8,093 Other 8,734 8,653 8,264 8,037 7,882

67,889 Total 70,888 74,542 78,299 80,246 81,742

none

SME none

2,347 Meal, Fish 1,977 2,091 1,922 2,023 2,023

7,639 Meal, Rapeseed 7,609 8,473 8,236 7,945 7,883

47,435 Meal, Soybean 50,091 52,534 57,130 59,642 61,380

7,640 Other 8,250 8,215 7,874 7,708 7,583

65,061 Total 67,927 71,313 75,162 77,318 78,869

none

Imports none

1,249 Meal, Fish 981 1,041 900 950 950

666 Meal, Rapeseed 106 314 100 200 125

113 Meal, Soybean 16 20 60 20 20

4 Other 9 58 5 35 35

2,032 Total 1,112 1,433 1,065 1,205 1,130

none

Food Use Dom. Cons. none

3,691 Oil, Palm 4,189 3,569 3,580 3,750 3,750

2,585 Oil, Peanut 2,745 2,789 2,830 2,825 2,825

6,255 Oil, Rapeseed 6,316 7,025 7,564 7,700 7,700

12,044 Oil, Soybean 12,545 13,657 14,193 15,057 15,237

469 Oil, Sunflowerseed 838 1,012 890 858 858

1,668 Other 1,715 1,623 1,531 1,440 1,387

26,712 Total 28,348 29,675 30,588 31,630 31,757

none

Domestic Consumption none

5,841 Oil, Palm 6,389 5,669 5,480 5,750 5,750

2,585 Oil, Peanut 2,745 2,789 2,830 2,825 2,825

6,255 Oil, Rapeseed 6,316 7,025 7,564 7,700 7,700

12,044 Oil, Soybean 12,545 13,657 14,193 15,057 15,237

469 Oil, Sunflowerseed 838 1,012 890 858 858

2,144 Other 2,335 2,118 2,106 2,090 2,037

29,338 Total 31,168 32,270 33,063 34,280 34,407

none

Imports none

5,841 Oil, Palm 6,589 5,573 5,300 5,750 5,750

62 Oil, Peanut 65 74 120 95 95

1,036 Oil, Rapeseed 1,598 902 750 900 800

1,502 Oil, Soybean 1,409 1,353 900 1,300 950

122 Oil, Sunflowerseed 362 531 450 400 400

669 Other 770 635 725 800 800

9,232 Total 10,793 9,068 8,245 9,245 8,795

SME - 44 Percent Protein Soybean Meal Equivalent

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 35: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Table 28: India Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2011/12 2012/13 2013/14 2014/15

Jul

2015/16

Aug

2015/16

none

Production none

12,312 Oilseed, Cottonseed 12,100 12,950 12,500 12,500 12,300

5,500 Oilseed, Peanut 5,000 5,650 4,800 5,400 5,400

6,200 Oilseed, Rapeseed 6,800 7,300 7,100 7,500 7,500

11,700 Oilseed, Soybean 12,200 9,500 9,800 11,500 11,500

620 Oilseed, Sunflowerseed 700 670 500 500 500

775 Other 720 725 730 735 735

37,107 Total 37,520 36,795 35,430 38,135 37,935

none

Domestic Consumption none

3,927 Meal, Cottonseed 3,957 4,230 4,280 4,234 4,234

1,362 Meal, Peanut 1,393 1,437 1,360 1,440 1,440

2,295 Meal, Rapeseed 2,477 2,403 2,735 2,669 2,669

3,280 Meal, Soybean 3,490 4,050 4,610 5,255 5,255

293 Meal, Sunflowerseed 384 315 255 255 255

318 Other 284 303 296 308 308

11,475 Total 11,985 12,738 13,536 14,161 14,161

none

SME none

3,182 Meal, Cottonseed 3,206 3,428 3,468 3,431 3,431

1,531 Meal, Peanut 1,566 1,615 1,529 1,619 1,619

1,633 Meal, Rapeseed 1,762 1,710 1,946 1,899 1,899

3,280 Meal, Soybean 3,490 4,050 4,610 5,255 5,255

277 Meal, Sunflowerseed 363 297 241 241 241

143 Other 127 136 133 139 139

10,045 Total 10,514 11,235 11,927 12,584 12,584

none

Food Use Dom. Cons. none

1,185 Oil, Cottonseed 1,195 1,250 1,272 1,275 1,275

7,185 Oil, Palm 7,920 8,024 8,800 9,350 9,530

1,159 Oil, Peanut 1,177 1,205 1,125 1,205 1,205

2,273 Oil, Rapeseed 2,340 2,535 2,675 2,755 2,600

2,750 Oil, Soybean 2,950 3,300 3,800 4,250 4,400

1,280 Oil, Sunflowerseed 1,180 1,680 1,775 1,750 1,750

320 Other 330 335 345 345 345

16,152 Total 17,092 18,329 19,792 20,930 21,105

none

Domestic Consumption none

1,227 Oil, Cottonseed 1,238 1,295 1,317 1,320 1,320

7,485 Oil, Palm 8,250 8,384 9,200 9,850 9,950

1,169 Oil, Peanut 1,187 1,215 1,135 1,215 1,215

2,323 Oil, Rapeseed 2,400 2,605 2,755 2,845 2,690

2,750 Oil, Soybean 2,950 3,300 3,800 4,250 4,400

1,280 Oil, Sunflowerseed 1,180 1,680 1,775 1,750 1,750

610 Other 680 685 680 675 675

16,844 Total 17,885 19,164 20,662 21,905 22,000

none

Imports none

0 Oil, Cottonseed 0 0 0 0 0

7,473 Oil, Palm 8,364 7,820 9,200 9,600 9,700

0 Oil, Peanut 0 0 0 0 0

98 Oil, Rapeseed 8 160 275 350 200

1,174 Oil, Soybean 1,086 1,830 2,500 2,650 2,800

1,114 Oil, Sunflowerseed 939 1,528 1,550 1,550 1,550

148 Other 309 202 230 233 233

10,007 Total 10,706 11,540 13,755 14,383 14,483

SME - 44 Percent Protein Soybean Meal Equivalent

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 36: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Year Rapeseed Copra

Beg U.S. U.S. Brz Arg Rott U.S. Rott U.S. Rott Hamb Rott

Oct 1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/

Oct - Sep Average

03/04-12/13 357 367 388 386 430 492 1364 431 472 454 633

2003/04 291 294 277 285 323 425 976 282 321 317 424

2004/05 217 214 232 228 277 402 915 316 313 262 431

2005/06 205 202 228 227 261 383 857 261 291 292 387

2006/07 254 264 279 279 335 394 1,128 343 401 375 537

2007/08 414 452 472 469 550 458 1,688 532 745 644 867

2008/09 368 365 403 392 421 517 1,204 461 364 393 487

2009/10 354 357 390 395 429 467 1,209 342 452 419 613

2010/11 454 482 508 511 549 508 1,792 591 661 647 1188

2011/12 488 505 549 533 562 729 2,480 632 593 616 829

2012/13 530 537 538 543 592 635 1,391 546 580 579 570

2013/14

Oct 459 467 550 530 544 573 1,370 507 468 513 663

Nov 467 472 N/A 539 553 586 1,370 459 478 509 865

Dec 478 487 502 550 568 542 1,370 414 495 512 846

Jan 474 476 492 525 566 560 1,360 448 477 496 848

Feb 485 493 502 545 590 536 1,320 505 492 525 915

Mar 503 519 518 537 N/A 551 1,300 474 524 598 926

Apr 525 547 531 530 N/A 534 1,243 492 515 573 905

May 529 549 535 531 N/A 522 1,205 531 466 535 930

Jun 525 531 527 513 N/A 441 1,228 500 449 518 934

Jul 481 472 510 483 N/A 478 1,260 487 425 437 861

Aug 456 455 506 479 N/A 487 1,260 494 401 427 770

Sep 401 381 484 438 432 474 1,308 445 403 411 785

Average 482 487 514 517 542 524 1,300 480 466 505 854

2014/15

Oct 366 343 403 424 425 463 1,342 503 419 412 769

Nov 375 373 417 457 449 472 1,370 437 443 418 795

Dec 378 377 414 459 443 463 1,360 432 464 428 813

Jan 378 365 397 447 423 496 1,350 425 438 415 764

Feb 364 361 385 442 407 492 1,350 454 438 405 794

Mar 362 356 377 402 403 496 1,300 489 433 399 721

Apr 356 353 376 368 395 487 1,300 511 426 404 714

May 353 350 374 362 389 496 1,290 582 406 427 748

Jun 352 353 373 364 397 476 1,280 564 420 451 748

*Jul N/A 371 394 376 405 N/A 1,280 N/A 432 419 735

Aug

Sep

Average 365 360 391 410 414 482 1,322 489 432 418 760

7/ Rotterdam CIF; US Runners 40/50%, Shelled Basis, Oilworld. 8/ US Farm Price; USDA

9/ Rotterdam/Amsterdam CIF; EU; Oil World 10/Hamburg CIF; Europe "00"; Oil World.

* Preliminary Oct/Nov Shipment

3/ Brazil Paranagua, FOB; IGC 4/ Argentina Up River, FOB; IGC

5/ Rotterdam CIF; US origin; Oil World. 6/ US Farm Price, Inshell, USDA.

11/ Phil/Indo CIF NW Europe; Oil World

Table 29: Oilseed Prices

U.S. Dollars per Metric TonSoybean Peanut Sunseed

1/ U.S. Farm Price; USDA. 2/ U.S. NO.1 Yellow Cash Central Illinois; AMS.

8/11/2015 4:15:33 PM

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 37: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Year Fish

Beg U.S. Brz Arg Hamb U.S. Rott Hamb

Oct 1 1/ 2/ 3/ 4/ 6/ 7/ 8/

Oct - Sep Average

03/04-12/13 331 307 292 367 172 210 1236

2003/04 282 211 188 273 122 149 649

2004/05 202 172 157 231 94 120 665

2005/06 192 176 158 215 85 122 1060

2006/07 226 199 181 276 116 178 1220

2007/08 370 337 299 469 191 298 1146

2008/09 365 333 290 401 168 178 1,103

2009/10 343 327 311 391 167 222 1,668

2010/11 381 383 386 418 242 254 1,607

2011/12 434 442 442 461 272 263 1,448

2012/13 516 489 506 538 266 318 1,791

2013/14

Oct 489 563 534 555 260 313 1,644

Nov 497 542 520 541 272 322 1,600

Dec 549 513 543 548 306 324 1,553

Jan 529 476 517 539 313 298 1,531

Feb 561 494 543 571 314 313 1,564

Mar 546 511 532 582 299 337 1,653

Apr 567 516 519 563 295 350 1,658

May 573 522 533 547 292 343 1,651

Jun 553 500 527 531 276 321 1,765

Jul 497 463 454 477 212 298 1,806

Aug 540 461 470 485 167 282 1,773

Sep 580 442 411 456 154 281 1,723

Average 540 500 509 533 263 315 1,660

2014/15

Oct 421 411 414 440 179 263 1,770

Nov 487 434 445 460 229 289 1,836

Dec 476 436 439 453 270 290 1,852

Jan 419 402 419 431 273 284 1,790

Feb 408 378 403 412 249 268 1,715

Mar 394 365 369 392 223 258 1,630

Apr 371 349 358 380 223 255 1,539

May 353 340 354 371 212 267 1,525

Jun 369 338 357 372 199 258 1,506

*Jul 414 394 376 389 236 269 1,466

Aug

Sep

Average 411 385 393 410 229 270 1,663

1/ Decatur, Average Wholsale 48% Protein; USDA. 2/ Brazil Paranagua, FOB; 48% Protein; IGC.

3/ Argentina Pellets, Up River, FOB; IGC; 4/ Hamburg FOB 44/45% Ex-Mill; Oil World.

5/ Memphis FOB; 41% Protein Solvent Extraction; USDA; 6/ Minneapolis FOB; 32% Protein; USDA.

7/ HiPro a.o. cif France (Beg Sep 2013); Ukraine DAF (Beg. Aug 2012); Rotterdam CIF;

Argentina Pellet 37-38% (Prior to Aug 2012); Oil World. 8/ Bremen 64-65% Protein; Oil World.

9/ Hamburg FOB; Ex-Mill 34% Protein; Oil World.

* Preliminary

U.S.

5/

244

202

Table 30: Protein Meal Prices

U.S. Dollars per Metric TonSoybean SunseedCottonseed

281

244

302

366

137

159

166

280

414

429

442

447

303

391

380

443

398

416

382

345

460

455

396

342

338

Rapeseed

Hamb

9/

226

178

131

129

318

302

310

330

367

346

333

342

278

295

317

353

184

298

195

221

395

375

337

299

316

336

335

358

257

263

278

279

272

266

265

323

8/11/2015 4:15:33 PM

271

285

264

271

262

262

287

Foreign Agricultural Service/USDA August 2015Office of Global Analysis

Page 38: New Crop U.S. Soybean Sales Fall on Surging South ......2015/08/12  · 2015/16 TRADE OUTLOOK United States o Soybean exports are reduced 1.4 million tons to 46.9 million on the slow

Year Cottonseed Palm Canola Coconut Corn

Begin U.S. Brz Arg Rott U.S. U.S. Rott U.S. Rott Malay Rott Rott U.S.

Oct 1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/ 12/ 13/

Oct - Sep Average

03/04-12/13 837 834 830 925 951 1,334 1,013 1,583 1,525 740 991 950 921

2003/04 661 567 542 633 688 738 663 1,317 1,178 481 670 630 625

2004/05 507 466 471 545 609 962 703 1,171 1,102 392 660 636 614

2005/06 516 474 467 573 649 896 635 981 931 416 770 583 555

2006/07 684 673 667 771 787 1,279 846 1,253 1,219 655 852 812 701

2007/08 1,147 1,190 1,191 1,327 1,622 2,010 1,639 2,225 2,018 1,058 1,410 1,306 1,529

2008/09 709 740 741 826 820 1,108 837 1,539 1,339 633 868 735 722

2009/10 793 848 829 924 888 1,164 956 1,353 1,291 793 927 921 866

2010/11 1,173 1,210 1,211 1,306 1,202 1,899 1,404 1,806 1,751 1,154 1,367 1,772 1,331

2011/12 1,144 1,162 1,164 1,241 1,173 1,834 1,254 2,247 2,455 1,032 1,258 1,244 1,236

2012/13 1,039 1,012 1,014 1,098 1,071 1,452 1,189 1,934 1,963 791 1,127 858 1,029

2013/14

Oct 878 915 908 987 908 1,334 988 1,786 1,575 795 1,011 985 834

Nov 873 924 932 996 927 1,265 998 1,735 1,543 835 1,025 1,270 855

Dec 830 884 895 989 952 1,257 982 1,662 1,493 813 1,012 1,269 845

Jan 771 841 848 943 1,038 1,257 920 1,448 1,410 796 952 1,270 855

Feb 818 878 879 985 1,274 1,257 945 1,368 1,303 846 976 1,365 905

Mar 900 922 904 1,002 1,542 1,279 964 1,302 1,221 890 1,019 1,394 952

Apr 923 909 880 999 1,653 1,301 941 1,273 1,174 858 1,018 1,356 925

May 897 880 861 966 1,857 1,301 943 1,261 1,200 828 958 1,411 904

Jun 878 880 879 936 1,837 1,268 928 1,284 1,310 793 922 1,402 882

Jul 829 861 858 888 1,613 1,345 887 1,293 1,325 782 875 1,260 860

Aug 772 804 825 857 1,350 1,389 828 1,385 1,350 701 853 1,172 838

Sep 749 751 772 851 1,094 1,389 823 1,361 1,360 694 828 1,181 775

Average 843 871 870 950 1,337 1,304 929 1,430 1,355 803 954 1,278 869

2014/15

Oct 752 764 770 836 914 1,389 874 1,322 1,365 693 836 1,150 761

Nov 737 765 772 830 898 1,361 892 1,337 1,368 693 836 1,194 749

Dec 718 772 772 820 889 1,279 877 1,326 1,370 656 814 1,217 743

Jan 713 773 784 799 991 1,389 837 1,238 1,391 652 773 1,155 769

Feb 696 725 723 773 1,076 1,447 802 1,225 1,366 662 751 1,187 797

Mar 681 676 663 748 1,015 1,445 801 1,206 1,356 629 749 1,091 832

Apr 686 670 665 749 1,062 1,444 838 1,208 1,348 610 742 1,080 866

May 720 704 701 781 1,078 1,433 904 1,205 1,345 628 766 1,133 871

Jun 744 712 708 793 1,104 1,538 918 1,241 1,345 638 806 1,131 889

*Jul 695 658 652 751 1,084 1,618 832 1,282 1,345 610 786 1,100 915

Aug

Sep

Average 714 722 721 788 1,011 1,434 858 1,259 1,360 647 786 1,144 819

1/ Decatur; Average Wholesale Tank Crude; USDA. 2/ Brazil Paranagua, FOB Crude; IGC.

3/ Argentina Up River, FOB Crude; IGC 4/ Dutch FOB; Ex-Mill; Oil World. 5/ PBSY Greenwood MS; USDA.

6/ Minneapolis FOB; USDA. 7/ EU FOB NW Euro; Oil World. 8/ South East Mills FOB; Tank Cars Crude; USDA.

9/ Rotterdam CIF; Any Origin; Oil World. 10/ Malaysia FOB; RBD; Oil World. 11/ Rotterdam, Dutch FOB

Ex-Mill; Oilworld. 12/ Rotterdam CIF; Phil/Indo; Oil World. 13/ Chicago; Crude; AMS

* Preliminary

Table 31: Vegetable Oil Prices

U.S. Dollars per Metric Ton

8/11/2015 4:15:33 PM

Soybean Sunseed Peanut

Foreign Agricultural Service/USDA August 2015Office of Global Analysis