U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ============================================================================== Item 2019/2020 2020/2021 prev Jul 10 prev Jul 10 ============================================================================== SOYBEANS Million acres Area Planted 76.1 76.1 83.5 * 83.8 ** Harvested 75.0 75.0 82.8 * 83.0 ** Bushels Yield per harvested acre 47.4 47.4 49.8 * 49.8 ** Million bushels Beginning stocks 909 909 585 620 Production 3,552 3,552 4,125 4,135 Imports 15 15 15 15 Supply, total 4,476 4,476 4,725 4,770 Crushings 2,140 2,155 2,145 2,160 Exports 1,650 1,650 2,050 2,050 Seed 97 97 100 100 Residual 4 -46 35 35 Use, total 3,891 3,857 4,330 4,345 Ending stocks 585 620 395 425 Avg farm prc ($/bu) 2/ 8.50 8.55 8.20 8.50 Million pounds SOYBEAN OIL Beginning stocks 1,775 1,775 1,940 2,020 Production 4/ 24,590 24,695 24,860 25,035 Imports 375 350 400 400 Supply, total 26,740 26,820 27,200 27,455 Domestic Disappearance 22,100 21,950 23,000 23,000 Biodiesel 3/ 7,400 7,400 8,000 8,000 Food,Feed & Other Industrial 14,700 14,550 15,000 15,000 Exports 2,700 2,850 2,200 2,400 Use, total 24,800 24,800 25,200 25,400 Ending stocks 1,940 2,020 2,000 2,055 Avg farm prc (c/lb) 2/ 28.50 28.75 29.00 29.00 Thousand short tons SOYBEAN MEAL Beginning stocks 402 402 375 375 Production 4/ 50,323 50,623 50,525 50,975 Imports 600 600 400 400 Supply, total 51,325 51,625 51,300 51,750 Domestic 37,500 37,800 37,800 38,100 Exports 13,450 13,450 13,100 13,250 Use, total 50,950 51,250 50,900 51,350 Ending stocks 375 375 400 400 Avg farm prc ($/s.t) 2/ 295.00 300.00 290.00 300.00 ============================================================================== Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans marketing year weighted average price received by farmers; oil simple average of crude soybean oil Decatur; meal simple average of 48 percent protein Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2 155 million bushels for 2019/20 and 2 160 million bushels for 2020/21. *Planted acres are reported in the March 31 2020 Prospective Plantings report. Harvested acres are based on the 5-year average harvested-to-planted ratio. **Planted and harvested acres are from the June 30 2020 Acreage report. The projected yield is based on a weather-adjusted trend model. Write to Linda Rice at csstat@dowjones.com
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84.79 USD | +1.17% | -0.28% | - | ||
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2.77 USD | -1.07% | +2.59% | 27.78M | ||
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- USDA Supply/Demand : U.S. Soybeans and Products- Jul 10