Grain World Markets and Trade

Grain:

World Markets and Trade

Approved by the World Agricultural Outlook Board - USDA

Global corn production in 2015/16 is projected

down from last years record, with lower

forecasts for the United States, EU, Brazil, and

Ukraine. Global corn consumption is expected to

climb slightly above production for the first time

in 5 years. Global ending stocks are forecast

mostly unchanged, with growth in China nearly

offsetting stocks declines in the United States and

other foreign countries. World corn import

demand is expected higher, led by the EU and

Saudi Arabia.

Wheat production is forecast down from last

years record, but still above consumption for the

third straight year. Global consumption is

projected up slightly as steady growth in food use

more than offsets lower feeding. Global trade is

forecast lower, partly driven by larger crops in

some major importing countries. The EU is

forecast to be the worlds largest exporter for the

third straight year. Global stocks are projected

slightly larger with an increase in China, but

stocks in some exporting countries are expected

to tighten.

Rice production is projected at a new record.

Consumption is forecast to surpass production for

the third year in a row, drawing down stocks to

the lowest since 2007/08. Trade is projected to

decline marginally, but still near-record. U.S.

exports are projected higher on ample supplies

and improved price competitiveness in the

Western Hemisphere.

Record Grain Supplies Support Growing Global Consumption

United States

Department of

Agriculture

Foreign

Agricultural

Service

May 2015

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Production Consumption

Global Corn Production Slightly Below Consumption

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Global Wheat Production Slightly Above Consumption

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MMT Global Rice Production Below Consumption

Milled production Consumption

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TABLE OF CONTENTS

World Markets and Trade: Commentary and Current Data Wheat ................................................................................................................. 4 Rice .................................................................................................................. 12 Coarse Grains ................................................................................................... 17 Historical Data Series for Selected Regions and Countries ............................ 40 Endnotes to Grain: World Markets and Trade ............................................... 59 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. 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 Grains. 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 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 Attach 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 May 2015Office of Global Analysis

All Grain Summary Comparison

Marketing Year

Wheat Rice, Milled Corn

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

Production

United States (Jun-May) 58.1 55.1 56.8 6.1 7.1 7.0 351.3 361.1 346.2

Other 658.7 671.4 662.1 471.8 468.6 475.1 639.3 635.0 643.6

World Total 716.8 726.5 718.9 477.9 475.7 482.1 990.6 996.1 989.8

Domestic Consumption


Other 661.8 679.1 680.0 473.8 477.8 481.9 653.0 672.2 687.0

World Total 696.0 711.7 713.2 477.8 481.9 486.1 946.0 971.8 988.3

Ending Stocks


Other 173.9 181.7 181.7 106.3 97.0 90.0 142.5 145.5 147.6

World Total 190.0 201.0 203.3 107.3 98.4 91.5 173.8 192.5 191.9

TY Imports


Other 155.4 155.0 150.2 40.1 39.6 39.0 124.3 114.7 118.0

World Total 160.2 159.2 154.0 40.9 40.3 39.8 125.0 115.4 118.7

TY Exports


Other 130.9 138.3 131.3 40.1 39.7 38.8 79.5 73.7 74.5

World Total 162.4 161.5 156.8 43.1 43.2 42.3 130.2 119.7 123.0

Note: Consumption in this table has not been adjusted for differences in marketing year imports and exports and therefore differs from global totals shown elsewhere.

Marketing years for U.S. grains are: Wheat (Jun-May), Rice (Aug-Jul), Corn (Sep-Aug).'Marketing Year' column is germane for U.S. wheat only.


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WHEAT: WORLD MARKETS AND TRADE

HIGHLIGHTS FOR 2015/16

Global wheat production is

projected to reach 719

million tons, down 1

percent from the 2014/15

record. Of the eight major

exporting countries,

Australia and the United

States are the only two

with expected growth in

production, while

Argentina, Canada, EU,

Kazakhstan, Russia, and

Ukraine are all projected

lower. However, large

carryin stocks will offset

any production downturn;

therefore, exportable

supplies are still ample

moving into 2015/16.

Larger projected crops in

several major importing

countries in North Africa

and the Middle East will

lower overall import

demand in the region. Chinas wheat production is projected at a record and exceeds consumption for the third straight year. Saudi Arabias production is nearly phased out and the country will completely rely on imports to meet its needs.

Global consumption is expected to rise slightly to 717 million tons as greater food, seed and

industrial use more than offsets a drop in feed use. Food use is expected to grow 1 percent as a

result of population growth, increased urbanization, and dietary changes in some countries. Feed

use is projected lower as coarse grains are expected to displace some wheat in feed rations in

several countries, particularly in Canada, China, and Thailand.

Production Exceeds Consumption


5

Global ending stocks are

forecast to rise marginally

to 203 million tons as

production exceeds

consumption for the third

straight year. Chinas stocks are projected to

surge because of the record

crop, while stocks in India

are projected at the lowest

in 8 years as a result of a

smaller crop. Exporter

ending stocks, on the other

hand, are down slightly;

tightening supplies in

Argentina, Canada, EU,

and Russia are only

slightly offset by projected

stock growth in the United

States, and to a lesser

extent, Australia. The United States is in a good position to capture any unexpected import

demand because of its heavy stock situation.

Selected Importers

Global trade is projected

down from 2014/15, but still

sizable at 157 million tons.

Considerable shifts in several

countries import demand are notable. Larger crops are

expected in Iran, Morocco,

Syria, and Turkey,

decreasing import demand.

Although crops in the EU are

smaller than last year,

imports are projected down

as the quality is expected to

improve, particularly in

France. Imports are projected

lower in Pakistan because of a prohibitive import duty. Thailand is projected lower as it

switches back to coarse grain use as feed-quality wheat becomes less competitive. Imports for

several countries are up due to rising demand for wheat-based food products, including Algeria,

Bangladesh, Indonesia, Iraq, and Nigeria. Brazil is projected higher because of its demand for

hard wheat used for blending. The United States is projected lower because of a larger domestic

crop and tight Canadian supplies.

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60

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Exporter Stocks Dip

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Global Trade Drops

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6

EU is down 800,000 tons to 5.0 million.

Iran is reduced 1.0 million tons to 5.5 million.

Indonesia is up 400,000 tons to 8.1 million.

Iraq is raised 400,000 tons to 3.2 million.

Morocco is slashed 1.4 million tons to 2.0 million.

Pakistan is lowered 650,000 tons to 100,000.

Syria is cut 1.2 million tons to 500,000 tons.

Thailand is down 500,000 tons to 2.2 million.

Turkey is slashed 2.3 million tons to 3.5 million.

United States is down 400,000 tons to 3.8 million.

Selected Exporters

Global trade is projected 3 percent lower for 2015/16; therefore competition is expected to

intensify among major exporting countries. Argentina is up significantly from 2014/15 because

of large carry-in supplies and increased demand in South America. Australia is up slightly

supported by ample exportable supplies and reports of recent large sales to India. Canada is

projected lower due to tightening supplies and reduced demand for durum. EU exports are

forecast lower because of competition with other Black Sea countries, and declining import

demand for feed-quality wheat, particularly in East and Southeast Asian markets. Kazakhstan

is unchanged for 2015/16 as supplies are expected to be similar to 2014/15. Russia and Ukraine

are both down slightly as a result of a smaller crop and tightening supplies. The United States is

forecast higher for 2015/16 because of abundant exportable supplies and tighter supplies in

Canada. Indias exports will be limited to neighboring countries, such as Bangladesh and Nepal, because of a smaller crop.

Argentina is up 2.2 million tons to 6.7 million.

Australia is raised 500,000 tons to 18.0 million.

Brazil is down 800,000 tons to 1.0 million.

Canada is lowered 3.0 million tons to 21.0 million.

EU is cut 2.0 million tons to 32.5 million.


7

Kazakhstan is unchanged at 6.0 million tons.

India is down 1.1 million tons to 500,000.

Russia is down 1.5 million tons to 20.0 million.

Ukraine is down 1.0 million tons to 10.5 million.

The United States is up 2.3 million tons to 25.5 million.

PRICES:

Domestic: Wheat prices for most classes fell in April, weighed by weak export demand,

cancellations of U.S. sales, and mostly favorable growing conditions among competitors. Hard

Red Winter (HRW) plunged $39/ton to $223, while Soft Red Winter (SRW) dropped $38/ton to

$201. Hard Red Spring (HRS) tumbled $44/ton to $270 and Soft White (SWW) fell $30/ton to

$231/ton. Season-average farm prices in 2015/16 are projected in the range of $4.50 to

$5.50/bushel, lower than the estimated $6.00/bushel for 2014/15 based on abundant global

supplies.

190

240

290

340

1/1/2015 2/1/2015 3/1/2015 4/1/2015 5/1/2015

$/M

T

U.S. Weekly FOB Export Bids

HRW SRW SWW HRS


8

2014/15 OVERVIEW

Global trade is up slightly, but still below the previous years record. The season-average farm price is lowered slightly.

TRADE CHANGES IN 2014/15

Selected Importers

Brazil is cut 500,000 tons to 6.2 million based on the slow pace and ample supplies.

Egypt is up 400,000 tons to 11.1 million on account of continued government purchases.

EU is up 300,000 tons to 5.8 million on the pace of import licenses.

Philippines is up 300,000 tons to 4.4 million based on the pace of feed-quality imports.

United States is up 100,000 tons to 4.2 million on larger-than-expected shipments of Canadian spring wheat.

Yemen is down 300,000 tons to 3.0 million on the slow pace of shipments.

Selected Exporters

Argentina is down 500,000 tons to 4.5 million on the slow pace of shipments and lack of new government-issued export licenses.

EU is up 1.0 million to 34.5 million on the continued fast pace of sales and licenses.

Russia is boosted 1.0 million tons to 21.5 million on larger-than-expected shipments to nearby markets.

Ukraine is up 500,000 tons to 11.5 million on the pace of exports.

United States is slashed 800,000 tons to 23.2 million on the slow pace of exports and recent switching of 2014/15 sales to be shipped in 2015/16.

Uruguay is cut 300,000 tons to 1.2 million on the slow pace of shipments.


World Wheat, Flour, and Products TradeJuly/June Year, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15 2015/16May

none

TY Exports6,7004,5001,6757,45011,9517,742 Argentina

18,00017,50018,33921,26923,03118,455 Australia

21,00024,00022,15718,58417,60316,768 Canada

32,50034,50032,03322,67716,72823,086 European Union

6,0006,0008,0006,80111,0695,519 Kazakhstan

1,3001,5001,322729790821 Mexico

20,00021,50018,56811,28921,6273,983 Russia

3,8004,0004,2933,5833,6782,944 Turkey

10,50011,5009,7557,1905,4364,302 Ukraine

1,3001,2001,3458111,7821,612 Uruguay

10,17212,14713,37118,98211,92812,733 Others

131,272138,347130,858119,365125,62397,965 Subtotal25,50023,20031,49727,73428,14436,098 United States

156,772161,547162,355147,099153,767134,063 World Totalnone

TY Imports2,0002,0002,0501,6002,2002,000 Afghanistan

7,4007,1007,4846,4846,5006,516 Algeria

3,8003,5003,3542,7252,0393,951 Bangladesh

6,5006,2007,0617,5477,0536,742 Brazil

11,30011,10010,1708,30011,65010,600 Egypt

5,0005,8003,9745,2777,3624,621 European Union

8,1007,7007,3927,1466,4576,606 Indonesia

5,5006,5006,6005,6002,400200 Iran

3,2002,8003,2463,9483,7843,631 Iraq

5,8005,8006,1236,5986,3545,869 Japan

4,0003,9004,2885,4395,1884,761 Korea, South

4,4004,6004,6363,8235,0203,404 Mexico

2,0003,4003,8923,8253,6714,019 Morocco

4,8504,6004,5504,1383,9034,052 Nigeria

1,9001,7002,0781,6831,5851,757 Peru

4,4004,4003,4823,6454,0753,224 Philippines

3,8003,5503,4291,9212,9041,739 Saudi Arabia

1,8501,7001,8001,5581,5421,627 South Africa

2,8002,6002,6641,7932,3601,595 Sudan

2,2002,7001,6931,8452,6461,943 Thailand

3,5005,8004,1543,3124,4133,545 Turkey

2,1002,1002,2241,8632,6981,618 Uzbekistan

1,8751,8001,9511,6171,6861,469 Venezuela

2,3002,3002,1581,6712,7112,459 Vietnam

3,0003,0003,4253,1492,6852,816 Yemen

46,62148,36551,51844,77545,98937,653 Others

150,196155,015155,396141,282148,875128,417 Subtotal2,7762,3322,1922,3751,8683,048 Unaccounted3,8004,2004,7673,4423,0242,598 United States

156,772161,547162,355147,099153,767134,063 World Total

TY=Trade Year, see Endnotes.


World Wheat Production, Consumption, and StocksLocal Marketing Years, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15 2015/16May

none

Production12,00012,50010,5009,30015,50017,200 Argentina

26,00024,00026,92922,85629,90527,410 Australia

29,00029,30037,53027,20525,28823,300 Canada

130,000126,170121,930121,023117,400115,180 China

8,3608,3008,2508,5008,4007,200 Egypt

150,289156,449144,415133,949138,182136,667 European Union

90,00095,85093,51094,88086,87080,800 India

14,00013,00014,50013,80012,40013,500 Iran

12,50012,99613,9419,84122,7329,638 Kazakhstan

7,8005,1007,0003,8705,8004,887 Morocco

25,00025,50024,00023,30025,00023,900 Pakistan

53,50059,08052,09137,72056,24041,508 Russia

18,50015,25018,75016,00018,80017,000 Turkey

22,00024,75022,27815,76122,32416,844 Ukraine

7,2007,1506,8006,7006,3006,500 Uzbekistan

55,97155,92756,29552,64650,56549,307 Others


718,931726,451716,824658,649695,950649,709 World Totalnone

Total Consumption10,25010,0509,8509,4508,9508,750 Algeria

11,60011,30011,40010,90011,20010,800 Brazil

9,70011,3309,4079,6159,8527,551 Canada

121,500124,000121,500125,000122,500110,500 China

19,30018,90018,50018,70018,60017,700 Egypt

123,500123,100117,100119,250127,234122,844 European Union

94,60093,82593,85283,82281,40481,760 India

7,8007,5657,2656,9506,2506,035 Indonesia

18,00017,50017,00016,00015,20015,800 Iran

9,6009,0009,0008,3008,8007,850 Morocco

24,60024,50024,10023,90023,10023,000 Pakistan

35,50035,50034,10033,55038,00038,600 Russia

17,75017,50017,75017,65018,10017,300 Turkey

11,70012,00011,50011,40014,95011,600 Ukraine

9,1008,9008,4008,0007,8007,700 Uzbekistan

155,569154,187151,170147,181145,358135,822 Others


716,585715,457703,757679,383697,433653,762 World Totalnone

Ending Stocks6,4636,1386,1884,6707,0588,191 Australia

71,64462,94460,27453,96055,94659,091 China

14,00914,72010,07110,81513,51611,934 European Union

11,90016,50017,83024,20019,95015,360 India

9,0218,5217,2215,0868252,917 Iran

5,9557,6055,1754,95210,89913,736 Russia

4,8204,9703,6702,5795,3633,341 Ukraine

57,92860,26763,48351,11063,87661,070 Others


203,317200,971189,977176,910197,644199,127 World Total


Regional Wheat Imports, Production, Consumption, and Stocks

Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15May

2015/16

TY Imports none6,431 North America 8,541 7,750 9,844 9,280 8,6601,685 Central America 1,666 1,654 1,833 1,800 1,840

13,158 South America 13,779 14,422 14,831 13,490 14,1354,621 European Union - 28 7,362 5,277 3,974 5,800 5,0001,678 Other Europe 1,930 1,703 1,921 1,840 1,9105,498 Former Soviet Union - 12 8,022 7,228 7,411 7,710 7,265

17,324 Middle East 23,066 24,163 28,341 29,935 25,63024,427 North Africa 24,855 22,078 25,229 24,650 24,10015,550 Sub-Saharan Africa 19,176 18,501 20,413 20,960 22,02013,889 East Asia 16,865 17,352 19,463 13,535 13,3357,588 South Asia 5,487 5,308 6,733 7,690 7,551

16,312 Southeast Asia 18,019 16,325 17,119 19,375 19,3252,854 Others 3,131 2,963 3,051 3,150 3,225

131,015 Total 151,899 144,724 160,163 159,215 153,996Production none

85,844 North America 83,160 91,734 99,012 88,100 89,51127,560 South America 25,766 18,404 19,981 23,655 23,361

136,667 European Union - 28 138,182 133,949 144,415 156,449 150,2893,188 Other Europe 3,597 3,431 4,059 3,856 3,932

81,027 Former Soviet Union - 12 114,985 77,802 103,873 112,726 103,37538,638 Middle East 39,282 36,880 41,708 35,165 39,89015,914 North Africa 18,366 17,320 19,722 16,900 19,9105,529 Sub-Saharan Africa 6,231 6,718 7,518 7,717 7,440

116,355 East Asia 118,775 122,490 123,248 127,636 131,402110,949 South Asia 117,132 126,390 125,710 129,645 123,22027,855 Oceania 30,288 23,345 27,377 24,401 26,400

183 Others 186 186 201 201 201

649,709 Total 695,950 658,649 716,824 726,451 718,931Domestic Consumption none




123,952 East Asia 137,057 140,072 135,321 136,715 134,405116,993 South Asia 115,826 121,158 132,045 133,015 134,48614,976 Southeast Asia 16,665 16,520 16,674 18,565 18,4556,845 Oceania 7,824 8,111 8,280 8,560 8,7003,362 Others 3,379 3,366 3,531 3,599 3,629

653,036 Total 689,260 687,436 696,048 711,722 713,245Ending Stocks none




62,143 East Asia 59,235 57,509 63,487 66,423 75,23521,079 South Asia 25,448 28,173 21,642 21,552 16,1323,963 Southeast Asia 4,678 3,814 3,482 3,512 3,6028,609 Oceania 7,443 4,990 6,506 6,422 6,742

378 Others 372 341 330 291 292

199,127 Total 197,644 176,910 189,977 200,971 203,317

NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are reported using local marketing years.


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Others ThailandandIndia

RICE: WORLD MARKETS AND TRADE

HIGHLIGHTS OF 2015/16 Global production is projected at a record 482 million tons. East and South Asia production rises driven by China, India, and Bangladesh. Southeast Asia is projected to harvest a record crop, boosting supplies and reducing import needs in the region. Africas crop is expected to reach a record. In South America, production increases moderately for Argentina and Colombia, while unchanged for Brazil. The U.S. crop is forecast to be slightly smaller than a year ago based on reduced area. Global consumption continues to rise in all regions, except for the Caribbean, North Africa, and Sub-Saharan Africa. Global ending stocks are projected to decline for the third consecutive year, and are the lowest since 2007/08. Combined ending stocks for Thailand and India, the top 2 exporters, are down 26 percent.

Selected Importers for 2016

Global trade declines marginally, but is still projected to be at a near-record level. China is forecast up 200,000 tons to a record 4.7 million, as lower prices in neighboring countries continue to make imports competitive. Nigeria is expected to decrease 1.0 million tons to 3.0 million as the country works down large carryover stocks. The Philippines is projected down 300,000 tons to 1.4 million, a result of record production as the country continues to move towards self-sufficiency.


13

Selected Exporters for 2016

Thailand is projected at 11.0 million tons, maintaining its place as the top exporter. The government continues to lower stocks via government-to-government sales and open tenders. India is forecast at 8.5 million tons, substantially lower than 2015 mainly due to smaller carryover stocks. Vietnam is steady at 6.7 million on continued demand from China and the Philippines. Pakistan is down slightly at 3.8 million tons. The United States is forecast at 3.5 million tons, marginally higher than 2015, on larger supplies and improved price competitiveness.

OVERVIEW OF 2014/15

Global production is up from last month as gains for Burma, Cote dIvoire, Japan, and Nigeria more than offset reductions for Bangladesh, Madagascar, and Thailand. Global consumption and trade are estimated higher with record imports for Nigeria. U.S. exports are unchanged. Trade Changes in 2015 Burmas exports are up 250,000 tons to 1.85 million on a larger crop and demand from

China. Indias exports are up 800,000 tons to 9.8 million reflecting a stronger pace to date. Cote dIvoires imports are cut 300,000 tons to 900,000 on larger production. Nigerias imports are up 500,000 tons to a record 4.0 million reflecting larger purchases

before the April election. Senegals imports are trimmed 100,000 tons to 1.1 million on a larger crop. Brazils imports are down 100,000 tons to 600,000 on large supplies. NOTES Cote dIvoire: Production was revised from 2010/11 based on the data from CILSS, the

Permanent Interstate Committee for Drought Control in the Sahel. Dominican Republic: Stocks were revised starting in 2004/05 to better reflect the Pledge

program (Pignoration) in the rice sector. Japan: Production was revised starting from 2008 to include rice grown for feed use.


World Rice TradeJanuary/December Year, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15 2015/16May

none

TY Exports580560494526608732 Argentina

350400404460449311 Australia

8008008508301,1051,296 Brazil

2,0001,8501,6881,1631,3571,075 Burma

1,2001,1001,0001,075900860 Cambodia

400400393447267487 China

400250600700600320 Egypt

220220284203194237 European Union

470500500346265260 Guyana

8,5009,80010,90710,48010,2504,637 India

3,8003,9003,3004,1263,3993,414 Pakistan

500400350365262208 Paraguay

11,00011,00010,9696,7226,94510,647 Thailand

1,0009509579391,056841 Uruguay

6,7006,7006,3256,7007,7177,000 Vietnam

9219061,0261,0891,276906 Others


42,34143,18643,08939,46439,94836,477 World Totalnone

TY Imports450450496430360275 Angola

8506001,260114531,486 Bangladesh

700600586712732591 Brazil

530525610550450310 Cameroon

4,7004,5004,1683,4832,900575 China

9509009508301,265935 Cote d'Ivoire

450450377413330558 Cuba

1,5501,5501,5561,3751,3131,496 European Union

650620590725595620 Ghana

1,1001,2501,2256501,9603,098 Indonesia

1,6001,7001,6502,2201,5001,870 Iran

1,3001,2501,0801,2941,4781,036 Iraq

700700669690650742 Japan

460450440410400335 Kenya

1,0001,0009898851,0061,076 Malaysia

785775658746680705 Mexico

500480500500445360 Mozambique

3,0004,0003,2002,4003,4002,550 Nigeria

1,4001,7001,8001,0001,5001,200 Philippines

1,5501,4601,4101,3261,1931,059 Saudi Arabia

1,1001,1001,2001,0751,200805 Senegal

1,2001,100910990870885 South Africa

460460450440430420 United Arab Emirates

500500480500375300 Venezuela

500400300100100500 Vietnam

11,04811,08812,63011,94811,2899,621 Others

39,03339,60840,18435,80636,47433,408 Subtotal2,5582,8782,1512,9832,8342,448 Unaccounted

750700754675640621 United States42,34143,18643,08939,46439,94836,477 World Total


Note about dates: 2014/15 is calendar year 2015, 2013/14 is calendar year 2014, and so on.


World Rice Production, Consumption, and StocksLocal Marketing Years, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15 2015/16May

none

Milled Production35,00034,50034,39033,82033,70031,700 Bangladesh

8,3008,3008,3008,0377,8889,300 Brazil

12,80012,60011,95711,71511,47311,060 Burma

4,9004,7004,7254,6704,2684,233 Cambodia

146,000144,500142,530143,000140,700137,000 China

4,6004,5304,7504,6754,2503,100 Egypt

104,000102,500106,540105,240105,31095,980 India

36,65036,30036,30036,55036,50035,500 Indonesia

7,9007,8427,9377,9237,8127,793 Japan

4,1004,2414,2304,0064,2244,295 Korea, South

3,1003,1003,3613,0002,9702,680 Nepal

6,9006,9006,7005,8006,2005,000 Pakistan

12,40012,20011,85811,42810,71010,539 Philippines

19,80018,75020,46020,20020,46020,262 Thailand

28,20028,05028,16127,53727,15226,371 Vietnam

40,50039,60539,56938,73137,77937,942 Others


482,104475,686477,885472,680467,262450,348 World Totalnone

Consumption and Residual35,60035,30034,90034,50034,30032,400 Bangladesh

7,9507,9007,9007,8507,9288,200 Brazil

10,80010,70010,45010,40010,20010,100 Burma

3,7003,7003,6503,5503,4003,370 Cambodia

151,000148,400146,300144,000139,600135,000 China

4,0004,0004,0004,0503,6203,300 Egypt

99,50099,35199,18094,03193,33490,206 India

38,65038,60038,50038,12738,18838,044 Indonesia

8,3758,3138,2858,3678,3968,323 Japan

4,3604,4504,4224,4894,8805,175 Korea, South

3,5003,5003,8113,3503,2662,713 Nepal

6,0006,4005,8005,3005,6004,800 Nigeria

13,25013,20012,85012,85012,86012,900 Philippines

11,40011,10010,87510,60010,40010,300 Thailand

22,00021,90022,00021,90019,65019,400 Vietnam

61,88060,97060,92359,05856,91254,460 Others


488,982484,592481,205468,902460,547445,084 World Totalnone

Ending Stocks46,21146,91146,81146,82645,02342,574 China

11,60015,60022,65125,44025,10023,500 India

3,5514,4515,5016,4767,4037,131 Indonesia

3,4123,2623,1082,8572,7352,897 Japan

1,9311,7611,431500550300 Pakistan

2,7452,2951,6951,4871,5092,459 Philippines

6,3748,67411,72412,8089,3305,615 Thailand

14,20814,08913,37413,09013,90914,157 Others


91,53698,414107,320110,640106,862100,147 World Total

Note: All data are reported on a milled basis.


Regional Rice Imports, Production, Consumption, and Stocks


2010/11 2011/12 2012/13 2013/14 2014/15May

2015/16

TY Imports none1,654 North America 1,664 1,776 1,770 1,825 1,8951,100 Caribbean 845 981 909 1,025 1,0251,396 South America 1,896 1,843 1,824 1,892 1,917

128 Other Europe 114 125 89 130 125366 Former Soviet Union - 12 456 520 534 471 476

6,099 Middle East 6,455 7,152 6,636 6,575 6,690381 North Africa 777 487 480 485 485

9,865 Sub-Saharan Africa 12,135 11,740 12,934 13,020 12,2502,444 East Asia 4,389 5,332 5,761 6,260 6,4151,864 South Asia 737 722 2,551 1,370 1,6206,418 Southeast Asia 5,488 3,606 5,020 5,000 4,6502,314 Others 2,158 2,197 2,430 2,255 2,235


7,739 North America 5,979 6,479 6,248 7,226 7,119943 Caribbean 1,002 974 1,040 1,065 1,047

17,197 South America 15,215 15,852 16,384 16,525 16,7972,172 European Union - 28 2,139 2,100 1,923 1,881 1,8951,321 Former Soviet Union - 12 1,294 1,294 1,205 1,185 1,1982,131 Middle East 2,170 2,251 2,450 2,410 2,4833,139 North Africa 4,289 4,704 4,789 4,530 4,600

13,628 Sub-Saharan Africa 12,997 13,267 13,611 13,954 14,259151,709 East Asia 155,508 157,859 157,794 159,383 160,970138,116 South Asia 151,656 150,892 154,286 150,350 152,350111,008 Southeast Asia 113,649 115,490 116,867 115,986 118,211

1,245 Others 1,364 1,518 1,288 1,191 1,175


5,429 North America 4,668 4,977 5,221 5,366 5,4401,109 Central America 1,156 1,181 1,188 1,193 1,2122,035 Caribbean 1,977 1,974 1,981 2,098 2,098

14,427 South America 14,180 14,404 14,561 14,703 14,8313,250 European Union - 28 3,300 3,250 3,250 3,265 3,2801,425 Former Soviet Union - 12 1,422 1,559 1,535 1,434 1,4448,293 Middle East 8,603 8,854 9,030 8,965 9,0703,677 North Africa 4,045 4,572 4,480 4,460 4,460

21,728 Sub-Saharan Africa 23,811 24,777 26,245 26,631 26,554151,691 East Asia 156,232 160,365 162,627 164,633 167,265130,792 South Asia 136,823 137,573 143,946 144,641 145,30098,530 Southeast Asia 99,148 102,008 103,102 103,991 104,641

634 Others 661 707 676 530 540


1,734 North America 1,455 1,345 1,176 1,562 1,732249 Central America 273 241 217 211 208288 Caribbean 343 279 261 253 227

2,220 South America 1,606 1,491 1,793 1,792 1,9351,215 European Union - 28 1,146 1,188 1,149 1,065 1,0001,731 Middle East 1,526 2,039 1,836 1,626 1,699

122 North Africa 487 427 602 907 1,1321,545 Sub-Saharan Africa 2,085 2,188 1,714 1,927 1,627

46,875 East Asia 48,887 50,826 51,183 51,617 51,24125,342 South Asia 27,511 27,019 25,625 19,524 15,63918,599 Southeast Asia 21,369 23,197 21,395 17,640 14,860

27 Oceania 40 238 251 145 61200 Others 134 162 118 145 175

100,147 Total 106,862 110,640 107,320 98,414 91,536



17

COARSE GRAINS: WORLD MARKETS AND TRADE

OVERVIEW FOR 2015/16 Global coarse grain production is forecast to fall as smaller crops in the United States and European Union more than offset record production in China. With ample carryin boosting supplies, global coarse grains consumption is forecast to expand by just 13 million tons. Stocks fall slightly as growth in China mostly offsets lower stocks elsewhere. Coarse grain trade is little changed overall. Global corn production is forecast down from last years record. Larger crops, mainly in China, South Africa, and India are more than offset by smaller production in the United States, EU, Brazil, and Ukraine. Global and U.S. consumption are both forecast up slightly, led by China. Corn used for ethanol in the United States is unchanged from this years record. Global ending stocks are forecast mostly unchanged with growth in China nearly offsetting declines in the United States and other foreign stocks. World corn import demand is expected higher, led by the EU and Saudi Arabia. World barley production is expected to drop slightly, despite larger crops in several key countries and North Africa, as Russian and Ukrainian crops are forecast down nearly 25 percent. Trade is forecast lower, with weaker demand from China and North Africa. Global sorghum production is forecast slightly higher. Trade is forecast slightly lower,

700

800

900

1,000

1,100

1,200

1,300

Coarse Grain Consumption Barely Exceeds Production


75

100

125

150

175MMT

Coarse Grain TradeNearly UnchangedMMT

0

50

100

150

200MMT

Global Corn Ending Stocks Flatten

United States All others


18

despite robust demand from China. However, future Chinese demand--and for all imported feedstuffs--remains highly uncertain as the country deals with mounting corn stockpiles, an expected record crop, and weakness in domestic demand. HIGHLIGHTS FOR 2015/16 Selected Exporters

U.S. corn is forecast at 48.5 million tons, up 2.5 million, on record supplies and less competition from Ukraine. The season-average farm price is down to a range of $3.20 to $3.80/bushel, with the mid-point 15 cents lower than the current season forecast.

Argentine corn is unchanged year-to-year at 16.0 million tons, despite a projected larger crop.

Brazilian corn is up 2.5 million tons to 24.0 million on larger exportable supplies from the 2015 safrinha crop.

South African corn is unchanged at 1.0 million tons because of tight exportable supplies

from the current crop.

Ukrainian corn is forecast at 16.0 million tons, 2.0 million lower than last year, based on smaller crop prospects.

Argentine barley is up 400,000 tons to 2.0 million on larger crop prospects.

Australian barley is forecast unchanged from last year at 5.5 million tons due to reduced

Chinese demand and despite a larger crop.

Canadian barley is up 200,000 tons to 1.5 million on larger crop prospects.

EU barley is forecast down 1.0 million tons to 7.5 million on a smaller crop.

Russian and Ukrainian barley are slashed a combined 1.9 million tons to 3.5 million and 2.0 million, respectively, because of sharply lower crop prospects.

Argentine sorghum is boosted 200,000 tons to 1.7 million on larger exportable supplies

and demand from China.

U.S. sorghum is forecast down 500,000 tons to 8.5 million on tighter exportable supplies.


19

Selected Importers

Chinese corn is forecast unchanged at 3.0 million tons with a projected record corn crop, abundant stocks, government incentives to purchase domestically, and restrictive import measures. High domestic corn prices are expected to continue to drive imports of alternative feedstuffs and have China remain the worlds largest importer of barley and sorghum. Barley imports are projected down 1.0 million tons to 7.0 million as global supplies are relatively tight. Sorghum is up 500,000 tons to 9.0 million with the vast majority of imports from the United States.

Egyptian corn is forecast up 500,000 tons to 8.0 million on growing feed demand.

EU corn is forecast sharply higher, up 4.0 million tons to 12.0 million, as the crop is projected down from last years record. Abundant global supplies of corn and a continued elevated forecast for EU wheat exports are expected to support imported corn as a competitively priced feed ingredient.

Japanese corn is forecast down 200,000 tons to 15.2 million based on sluggish demand

from the poultry and livestock sectors.

Mexican corn is up 300,000 tons to 10.3 million on a smaller crop and higher feed demand.

South Korean corn is projected up 400,000 tons to 10.0 million with growth in feed

demand from pork, partnered with steady poultry production, more than offsetting lower use by the cattle sector.

Japanese barley is expected to remain steady at 1.3 million tons.

Saudi barley is forecast at 6.5 million tons, unchanged from last year as barley

consumption is expected to decline in favor of more compound feed (corn imports are up 1.0 million tons to a record 4.5 million).

OVERVIEW FOR 2014/15 World corn production is raised, mostly on a larger crop in Brazil. Exporter trade changes are mostly offsetting, with U.S. and EU forecasts higher and Indian and Brazilian lower. Imports are boosted, largely because of greater demand from Kenya. The U.S. season-average farm price is lowered slightly. PRICES Following the release of the April WASDE report, U.S. corn quotes slid into early May on reports of rapid planting progress and favorable weather, closing down nearly $8/ton to $171/ton. Argentine quotes fell less, halving the premium for U.S. corn. Similarly, Black Sea quotes were


20

150

175

200

225

250

275

300

325

$/M

T

Corn Daily Export Bids

U.S. Gulf Brazil Paranagua Black Sea Argentina Up River

little changed and are now about at parity with U.S. prices. Brazilian quotes reappeared at months end and rose to match Argentine price levels. TRADE CHANGES IN 2014/15

Selected Exporters

U.S. corn is up 500,000 tons to 46.0 million on recent sales and relatively competitive prices.

Brazilian corn is cut 500,000 tons to 21.5 million as a greater proportion of the larger current crop is expected to be shipped in 2015/16.

EU corn is boosted 500,000 tons to 3.0 million on the pace of licenses.

Indian corn is slashed 1.0 million tons to 1.5 million on uncompetitive prices and sluggish trade to date.

Zambian corn is more than doubled to 700,000 tons as the country is expected to backfill regional trade usually supplied by South Africa.

Australian and EU barley are raised a combined 1.5 million tons, to 5.5 million and 8.5 million, respectively, on robust Chinese demand. Chinese imports are boosted sharply by 2.0 million tons to 8.0 million.


21

Russian barley is up 200,000 tons to 4.7 million on continued strong shipments.

Selected Importers

Kenyan corn is up 400,000 tons to 900,000 tons on strong demand and higher expected imports from East African Community countries.

Turkish barley is more than halved to 300,000 tons on little trade to date.

As conflict in the region continues, Syrian barley is cut 400,000 tons to 100,000, and

Jordanian is raised 250,000 tons to 900,000.


World Coarse Grain TradeOctober/September Year, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15 2015/16May

none


6,7256,6257,0036,4107,2794,897 Australia

24,01521,54022,05926,07812,67711,591 Brazil

3,8003,7005,4604,6583,8534,427 Canada

10,30511,8557,8378,9147,1775,866 European Union

2,5001,8504,5245,5414,8583,437 India

2,3052,0052,7182,8612,1881,201 Paraguay

6,1107,3107,0434,3655,9971,028 Russia

3,0252,9251,7556282,3452,013 Serbia

18,18020,88524,12515,52717,4477,490 Ukraine

6,5656,7078,6977,1067,1276,201 Others


160,520159,787164,771132,171133,409116,026 World Totalnone

TY Imports4,8104,7604,9463,2893,7413,007 Algeria

1,2001,1251,1841,2401,211650 Brazil

1,5351,5607145237641,056 Canada

1,7501,8501,6211,3271,5231,271 Chile

19,15019,65012,4455,6047,9242,697 China

4,8804,7804,6934,0904,1034,155 Colombia

8,0557,5558,7765,0967,2525,840 Egypt

12,2558,20516,26211,7776,9088,635 European Union

3,0003,5003,5012,7191,7243,041 Indonesia

5,5007,5006,6004,8005,7004,000 Iran

2,1752,0752,0731,5641,5301,446 Israel

17,59017,79017,50117,74317,73018,590 Japan

1,4751,5501,6721,4061,3111,094 Jordan

10,0909,69010,4998,2657,7268,168 Korea, South

1,4501,5001,4931,220829543 Libya

3,6003,4003,4763,0483,3092,809 Malaysia

10,62510,30011,3177,62712,81910,760 Mexico

2,3002,5002,8581,8312,4792,059 Morocco

2,6252,7502,3362,4041,9272,079 Peru

11,02510,02511,33112,39010,4858,138 Saudi Arabia

4,4004,3004,3534,3984,4784,277 Taiwan

1,4001,5001,4491,6101,071958 Tunisia

1,2551,8101,9771,922782496 Turkey

2,3002,6002,6272,1542,5961,251 Venezuela

1,8002,0002,8001,7001,6001,000 Vietnam

15,77515,81516,12713,54715,48314,798 Others

152,020150,090154,631123,294127,005112,818 Subtotal5,4506,4906,8232,3763,262759 Unaccounted3,0503,2073,3176,5013,1422,449 United States

160,520159,787164,771132,171133,409116,026 World Total



World Coarse Grains Production, Consumption, and StocksLocal Marketing Years, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15 2015/16May

none


12,27511,53712,44911,41412,25711,485 Australia

77,58380,60382,60384,25375,88460,380 Brazil

23,85021,91528,74524,42722,92122,668 Canada

234,500222,170225,070212,192198,635183,771 China

13,79013,35014,46812,28612,26411,193 Ethiopia

159,820168,281159,019145,942149,923142,871 European Union

41,35039,33042,92039,94042,25043,370 India

9,6009,4009,1008,5008,8506,800 Indonesia

31,97531,94032,02028,88125,68929,226 Mexico

17,95019,01519,29218,57317,42120,720 Nigeria

37,30040,38635,73528,65833,07716,416 Russia

14,06811,80515,57812,87313,26811,310 South Africa

13,4759,47513,07510,59511,29910,184 Turkey

33,32539,34539,91829,52733,47621,503 Ukraine

159,894157,092148,617146,754145,959144,084 Others


1,277,3101,284,7821,281,3631,137,3721,155,7291,098,934 World Totalnone

Domestic Consumption15,03514,43113,59512,05010,51011,033 Argentina

61,84359,92858,02855,80353,65352,548 Brazil

21,90521,15022,45220,26120,28521,201 Canada

242,375239,150227,600209,671196,192188,448 China

15,40814,80914,08012,91012,73613,332 Egypt

14,00014,05014,30012,15011,85010,700 Ethiopia

163,125163,070164,105153,095151,460154,642 European Union

38,90037,70037,60035,27537,75038,850 India

12,70012,20011,90010,90010,5009,800 Indonesia

17,74017,94017,64018,03017,99018,875 Japan

42,54041,94040,88536,19537,98539,785 Mexico

18,15018,95019,35018,70017,32120,670 Nigeria

31,80032,13928,61925,13427,72818,131 Russia

13,88012,63013,43013,00511,75511,075 Turkey

16,00516,38516,22714,66115,55913,772 Ukraine

240,462234,665224,881218,801214,635208,549 Others


1,280,7131,267,7551,238,3031,135,9841,154,9531,129,484 World Totalnone

Ending Stocks12,44417,51919,25914,5599,82110,836 Brazil

2,9333,2534,6283,0843,3903,549 Canada

92,08080,88078,26068,37860,36250,126 China

15,84617,20115,60513,08315,74516,855 European Union

6,0047,2645,7244,9844,6844,138 Iran

2,9363,3763,5831,6281,8572,041 Mexico

3,6934,5734,4883,3913,2111,720 Saudi Arabia

41,47444,05244,92335,08539,44644,006 Others


224,407227,810210,783167,723166,335165,559 World Total


Regional Coarse Grains Imports, Production, Consumption, and Stocks


2010/11 2011/12 2012/13 2013/14 2014/15May

2015/16

TY Imports none14,265 North America 16,725 14,651 15,348 15,067 15,2102,900 Central America 2,769 2,470 2,923 3,275 3,3502,193 Caribbean 2,156 2,327 2,330 2,410 2,410

10,536 South America 11,967 11,814 13,080 13,625 13,2508,635 European Union - 28 6,908 11,777 16,262 8,205 12,2551,133 Former Soviet Union - 12 1,038 725 832 807 815

18,856 Middle East 23,515 25,076 26,613 25,595 24,14012,407 North Africa 15,372 13,046 19,522 17,815 18,0152,019 Sub-Saharan Africa 3,316 2,742 3,544 3,593 3,625

33,888 East Asia 38,040 36,163 44,877 51,530 51,3307,558 Southeast Asia 7,317 8,058 11,287 10,085 9,380

877 Others 1,024 946 1,330 1,290 1,290


381,589 North America 371,061 338,619 427,854 430,977 418,635106,037 South America 117,970 135,056 131,156 126,518 125,493142,871 European Union - 28 149,923 145,942 159,019 168,281 159,820

9,996 Other Europe 9,497 6,570 8,813 10,696 10,13647,474 Former Soviet Union - 12 78,648 68,221 87,627 91,452 82,15619,574 Middle East 20,398 19,382 22,139 18,036 22,21112,159 North Africa 11,142 10,126 11,647 11,192 12,55799,906 Sub-Saharan Africa 100,161 104,166 104,553 105,995 107,879


1,098,934 Total 1,155,729 1,137,372 1,281,363 1,284,782 1,277,310Domestic Consumption none





1,128,903 Total 1,136,719 1,142,178 1,229,804 1,260,544 1,277,481Ending Stocks none

37,878 North America 33,066 28,243 42,524 56,321 52,86620,520 South America 14,133 19,469 25,082 23,205 17,53516,855 European Union - 28 15,745 13,083 15,605 17,201 15,8461,451 Other Europe 1,024 603 766 1,281 1,1175,480 Former Soviet Union - 12 6,185 5,037 6,673 7,903 6,2738,186 Middle East 10,537 10,362 13,072 13,617 12,1074,789 North Africa 5,504 3,526 5,719 5,076 4,5988,026 Sub-Saharan Africa 8,948 8,588 9,252 8,496 8,621

53,404 East Asia 63,392 71,035 81,590 83,794 94,8973,086 South Asia 2,974 2,819 4,062 3,813 3,4683,508 Southeast Asia 3,061 3,275 4,396 5,201 5,1291,583 Oceania 978 915 1,098 944 899

793 Others 788 768 944 958 1,051

165,559 Total 166,335 167,723 210,783 227,810 224,407



World Corn TradeOctober/September Year, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15 2015/16May

none


24,00021,50022,04126,04412,67411,582 Brazil

900850700550200175 Burma

2,5003,0002,4012,1933,2871,096 European Union

2,0001,5003,8894,7684,6743,376 India

2,3002,0002,7142,8582,1881,201 Paraguay

2,5002,5004,1921,9172,02737 Russia

3,0002,9001,7366012,3312,004 Serbia

1,0001,0002,1042,3981,8312,839 South Africa

16,00018,00020,00412,72615,1575,008 Ukraine

4,3354,4206,8465,4214,4704,036 Others


123,035119,670130,180100,527103,72991,714 World Totalnone

TY Imports4,2004,0004,1562,9183,2312,741 Algeria

1,5001,500679493747984 Canada

1,5001,6001,456844906526 Chile

3,0003,0003,2772,7025,231979 China

4,5004,4004,3343,2663,2093,511 Colombia

900900928911743838 Cuba

1,1001,1001,0111,0461,054999 Dominican Republic

8,0007,5008,7265,0597,1545,803 Egypt

12,0008,00015,91911,3626,1137,385 European Union

3,0003,5003,5012,7191,7243,041 Indonesia

4,0006,0005,5003,7004,0003,500 Iran

1,8001,7001,6521,2241,2211,029 Israel

15,20015,40015,12114,41214,89215,648 Japan

1,000900800100400300 Kenya

10,0009,60010,4068,1747,6368,107 Korea, South

3,6003,4003,4763,0483,3092,809 Malaysia

10,30010,00010,9545,67611,1728,252 Mexico

2,1002,0002,3491,6841,9431,738 Morocco

2,5002,6002,2322,2541,7721,939 Peru

4,5003,5002,6842,0631,8161,933 Saudi Arabia

4,3004,2004,1894,2324,3414,134 Taiwan

1,1001,000993846853677 Tunisia

1,2001,5001,3811,656729453 Turkey

2,3002,6002,6262,1542,5961,251 Venezuela

1,8002,0002,8001,7001,6001,000 Vietnam

12,67012,85613,11310,63412,29210,966 Others

118,070114,756124,26394,877100,68490,543 Subtotal4,3154,2645,1901,3852,280487 Unaccounted

6506507274,265765684 United States123,035119,670130,180100,527103,72991,714 World Total



World Corn Production, Consumption, and StocksLocal Marketing Years, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15 2015/16May

none


75,00078,00080,00081,50073,00057,400 Brazil

12,30011,50014,19413,06011,35912,043 Canada

228,000215,670218,490205,614192,780177,245 China

7,0006,5007,4516,1586,0694,895 Ethiopia

68,34073,67464,65558,89668,12358,272 European Union

23,50022,50024,26022,26021,76021,730 India

9,6009,4009,1008,5008,8506,800 Indonesia

23,50024,00022,88021,59118,72621,058 Mexico

7,0007,5157,7007,6309,2508,800 Nigeria

8,5007,9807,5327,2617,1307,271 Philippines

12,00011,32511,6358,2136,9623,075 Russia

7,0007,7005,9003,7506,4006,800 Serbia

13,50011,30014,98212,36512,75910,924 South Africa

26,00028,45030,90020,92222,83811,919 Ukraine

97,37195,01293,68491,23488,27786,274 Others

643,611635,026639,363595,954575,283519,706 Subtotal346,218361,091351,272273,192312,789315,618 United States989,829996,117990,635869,146888,072835,324 World Total

none

Total Consumption10,0009,4008,8007,9007,0007,300 Argentina

59,00057,00055,00052,50050,50049,500 Brazil

13,35012,80012,70011,60511,63611,761 Canada

220,000216,000212,000200,000188,000180,000 China

14,50013,90013,20012,00011,70012,500 Egypt

78,50077,50076,50069,60069,50064,900 European Union

21,70021,20019,60017,50017,20018,100 India

12,70012,20011,90010,90010,5009,800 Indonesia

15,20015,40015,10014,50014,90015,700 Japan

10,20010,1009,8918,4817,8158,214 Korea, South

33,95033,55031,70027,00029,00029,500 Mexico

8,8008,5008,0007,4007,4007,200 Philippines

9,0008,8007,5006,4004,7003,200 Russia

11,40011,20011,50011,00010,70010,650 South Africa

10,40010,4009,9008,1007,8006,500 Ukraine

158,297154,241149,707141,541140,519133,792 Others


none

Ending Stocks12,07217,27218,97214,1509,21210,278 Brazil

90,91079,96077,31567,57059,33549,415 China

7,3347,9946,8205,1476,6825,233 European Union

2,2742,3991,7291,040732697 Indonesia

4,6565,8164,4763,2363,3362,790 Iran

2,2011,5762,1516641,2761,018 South Africa

2,0032,3532,2531,1911,0511,121 Ukraine

26,13728,11828,79622,65725,38428,443 Others


191,935192,503173,804136,514132,130127,639 World Total


Regional Corn Imports, Production, Consumption, and Stocks


2010/11 2011/12 2012/13 2013/14 2014/15May

2015/16

TY Imports none9,920 North America 12,684 10,434 12,360 12,150 12,4502,889 Central America 2,766 2,470 2,922 3,275 3,3508,372 South America 9,886 9,653 11,925 12,350 11,9007,385 European Union - 28 6,113 11,362 15,919 8,000 12,000

329 Former Soviet Union - 12 328 324 464 465 49010,119 Middle East 10,853 10,942 13,812 15,000 13,90011,323 North Africa 13,827 11,154 17,036 15,300 16,1501,558 Sub-Saharan Africa 2,655 2,086 2,927 3,111 3,145

29,024 East Asia 32,282 29,673 33,072 32,300 32,6007,541 Southeast Asia 7,304 8,040 11,246 10,070 9,3652,193 Caribbean 2,156 2,327 2,330 2,410 2,410

574 Others 595 677 977 975 960


348,719 North America 342,874 307,843 388,346 396,591 382,01893,105 South America 103,988 119,769 116,647 113,992 111,68558,272 European Union - 28 68,123 58,896 64,655 73,674 68,3408,291 Other Europe 7,810 4,915 7,210 8,945 8,366

18,434 Former Soviet Union - 12 34,121 32,310 46,898 43,469 41,6606,448 Middle East 7,164 7,480 8,138 7,848 8,8386,780 North Africa 5,722 5,891 6,001 6,161 6,201

57,860 Sub-Saharan Africa 62,102 60,564 64,349 61,085 63,317178,955 East Asia 194,585 207,760 220,595 217,787 230,17327,663 South Asia 28,536 29,705 31,912 30,160 31,2703,497 Central America 3,602 3,743 3,893 3,366 3,650

26,135 Southeast Asia 28,138 28,893 30,721 31,685 32,9581,165 Others 1,307 1,377 1,270 1,354 1,353


325,810 North America 318,550 301,578 337,445 345,996 348,55873,773 South America 74,921 78,356 82,976 86,480 89,30564,900 European Union - 28 69,500 69,600 76,500 77,500 78,5006,741 Other Europe 6,392 5,194 5,847 6,105 6,095


209,870 East Asia 217,047 229,434 243,295 247,855 251,88523,981 South Asia 23,775 24,480 27,182 29,005 29,97032,893 Southeast Asia 34,357 35,609 37,653 38,910 40,4606,350 Central America 6,350 6,175 6,650 6,675 6,9103,370 Others 3,344 3,556 3,536 3,760 3,770


31,019 North America 27,803 23,469 35,586 50,959 47,59218,150 South America 12,802 17,538 22,594 21,311 15,5965,233 European Union - 28 6,682 5,147 6,820 7,994 7,3341,207 Other Europe 771 353 517 1,037 8681,904 Former Soviet Union - 12 2,445 2,004 3,220 3,399 3,4643,950 Middle East 4,510 4,228 5,957 6,975 6,2332,107 North Africa 2,994 1,719 3,168 2,919 2,2106,130 Sub-Saharan Africa 6,741 6,164 7,227 6,237 6,627

52,087 East Asia 61,841 69,734 80,134 82,341 93,1791,549 South Asia 1,680 2,080 3,189 3,099 2,5993,504 Southeast Asia 3,058 3,270 4,390 5,195 5,123

507 Central America 503 474 610 551 616292 Others 300 334 392 486 494

127,639 Total 132,130 136,514 173,804 192,503 191,935



World Barley TradeOctober/September Year, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15 2015/16May

none


5,5005,5006,2624,6215,8194,088 Australia

1,5001,3001,7141,3161,4371,052 Canada

7,5008,5004,9266,4733,6464,581 European Union

4003005465425230 India

500500575151659224 Kazakhstan

3,5004,7002,7622,3663,668969 Russia

25251826149 Serbia

2510901031 Turkey

2,0002,7003,8272,6592,1662,446 Ukraine

35100681662244 Others

22,98525,23523,53621,96721,21714,975 Subtotal250250336163179222 United States

23,23525,48523,87222,13021,39615,197 World Totalnone

TY Imports600750778364501262 Algeria

10012578144954 Azerbaijan

400325338369274362 Brazil

7,0008,0004,8912,1842,5411,656 China

275275253232301251 Colombia

100505852364288 European Union

1,5001,5001,1001,1001,700500 Iran

325325304244276287 Israel

1,3001,3001,2941,3561,2571,359 Japan

800900997831736544 Jordan

400400436388376317 Kuwait

700700681573183179 Libya

1251001084714426 Mexico

200500471147536222 Morocco

100125871039783 Peru

100100194278372411 Russia

6,5006,5008,50010,2008,6006,200 Saudi Arabia

300500456764218281 Tunisia

400400468541524334 United Arab Emirates

12510012625277183 Uruguay

9251,1671,4301,1691,2801,083 Others

22,27524,14223,04821,20820,40614,882 Subtotal460843302491520167 Unaccounted500500522431470148 United States

23,23525,48523,87222,13021,39615,197 World Total



World Barley Production, Consumption, and StocksLocal Marketing Years, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15 2015/16May

none

Production1,5001,3001,5001,5001,3501,500 Algeria

3,7003,0004,7505,0004,5002,950 Argentina

8,6007,9509,6697,4728,2217,995 Australia

2,0002,2501,6741,9171,9791,966 Belarus

7,7007,12010,2378,0127,8927,627 Canada

1,5001,5001,5001,6261,6371,972 China

2,0402,1002,0531,7821,5921,703 Ethiopia

58,68060,19759,72254,87551,88353,691 European Union

1,8501,8301,7501,6201,6601,350 India

3,3003,2003,2003,4002,9003,580 Iran

2,6002,4122,5391,5002,5931,313 Kazakhstan

3,2001,7002,7001,2002,3402,570 Morocco

16,50020,02615,38913,95216,9388,350 Russia

7,0004,0007,3005,5007,0005,900 Turkey

6,2009,4507,5616,9359,0988,484 Ukraine

9,0019,0429,1868,7328,5928,322 Others


139,682140,926145,449129,791133,545123,197 World Totalnone

Total Consumption2,1502,1502,0502,0001,8001,600 Algeria

1,6001,6001,6001,3001,2001,135 Argentina

3,1002,6003,3003,0003,3004,200 Australia

2,2002,1001,8002,0002,1002,000 Belarus

6,6006,4007,7206,8096,9167,464 Canada

8,4009,5006,3004,0003,8004,050 China

2,1502,1002,0001,7251,6001,725 Ethiopia

51,40051,50053,40051,00051,20056,610 European Union

4,9004,8004,6004,6004,1003,900 Iran

2,1001,9002,0001,3751,8251,475 Kazakhstan

3,0002,8002,3001,9003,1003,050 Morocco

14,00014,40012,70012,10014,3009,500 Russia

7,5258,0258,0258,3257,2256,325 Saudi Arabia

6,6505,3506,9506,2006,7506,000 Turkey

4,6004,7005,1005,1006,3006,000 Ukraine

16,68316,74116,69116,11315,77314,964 Others


142,079141,471141,133131,706135,195136,306 World Totalnone

Ending Stocks1,2281,2781,1781,2171,4581,236 Algeria

1,0451,4201,9509831,1951,502 Canada

5,8735,9935,6965,0716,0697,938 European Union

1,3481,4481,2481,7481,3481,348 Iran

7581,6589327268481,386 Russia

2,9763,9863,9963,0062,8141,323 Saudi Arabia

764389899469910724 Turkey

6,4606,6777,3935,7976,7346,930 Others


22,14124,53825,08320,76722,68224,332 World Total


Regional Barley Imports, Production, Consumption, and Stocks


2010/11 2011/12 2012/13 2013/14 2014/15May

2015/16

TY Imports none227 North America 620 499 639 650 650922 South America 851 1,064 887 910 985288 European Union - 28 364 52 58 50 100189 Other Europe 209 127 163 130 160648 Former Soviet Union - 12 697 375 362 337 320

8,593 Middle East 12,543 13,906 12,537 10,510 10,160960 North Africa 1,482 1,885 2,433 2,500 1,85072 Sub-Saharan Africa 100 52 116 80 90

3,107 East Asia 3,924 3,663 6,317 9,425 8,4259 South Asia 67 7 12 15 10

15 Oceania 19 9 46 35 25




21,574 Former Soviet Union - 12 32,227 25,958 29,153 35,763 29,02511,474 Middle East 11,691 10,302 12,449 8,648 11,9484,546 North Africa 4,410 3,306 4,725 4,109 5,4342,095 Sub-Saharan Africa 2,099 2,283 2,521 2,607 2,5502,290 East Asia 1,962 1,920 1,800 1,801 1,7901,990 South Asia 2,267 2,152 2,457 2,537 2,5578,303 Oceania 8,538 7,911 10,085 8,360 9,015




20,587 Former Soviet Union - 12 26,268 22,339 23,551 25,005 24,85519,884 Middle East 22,016 22,735 23,860 21,996 22,8565,882 North Africa 6,186 5,560 6,230 7,059 7,0582,207 Sub-Saharan Africa 2,133 2,285 2,555 2,665 2,7155,847 East Asia 5,580 5,806 8,006 11,205 10,1001,992 South Asia 2,197 2,063 1,913 2,112 2,1624,550 Oceania 3,650 3,425 3,750 3,050 3,550


3,647 North America 2,621 3,014 3,980 3,298 2,933818 South America 547 685 963 720 840

7,938 European Union - 28 6,069 5,071 5,696 5,993 5,873194 Other Europe 205 223 208 196 196

2,813 Former Soviet Union - 12 2,760 2,193 2,454 3,537 2,0174,159 Middle East 5,930 6,039 7,043 6,570 5,7972,612 North Africa 2,449 1,740 2,482 2,083 2,309

232 Sub-Saharan Africa 283 330 408 430 355659 East Asia 961 737 848 869 984220 South Asia 281 144 255 246 251

1,040 Oceania 576 591 746 596 586

24,332 Total 22,682 20,767 25,083 24,538 22,141



World Sorghum TradeOctober/September Year, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15 2015/16May

none

TY Exports1,7001,5009533,0592,1631,893 Argentina

9008004051,4251,185575 Australia

252511273668 China

100508923113231 India

5010050507560 Nigeria

502523131718 South Africa

15015022912411334 Ukraine

130187268228179137 Others


11,60511,8377,8717,2935,4496,639 World Totalnone

TY Imports200200109404544729 Chile

9,0008,5004,161631844 China

100100104591592391 Colombia

505050503035 Ethiopia

100100186291126922 European Union

1,0001,0001,0031,8971,4811,418 Japan

100100941027411 Kenya

1001001621,7931,3692,379 Mexico

757575175125200 Sudan

50501111168497 Taiwan

265277624571572509 Others

11,04010,5526,6796,6215,0816,695 Subtotal5651,2781,189429365-57 Unaccounted

07324331 United States11,60511,8377,8717,2935,4496,639 World Total



World Sorghum Production, Consumption, and StocksLocal Marketing Years, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15 2015/16May

none


2,1002,0001,1072,2302,2391,935 Australia

2,0002,0001,8902,1022,2222,314 Brazil

1,9001,8361,8801,9241,5001,990 Burkina

1,1501,1501,1501,1001,1501,099 Cameroon

9009007451,172648680 Chad

2,6002,6002,7002,5562,0512,456 China

4,0004,0004,1143,6043,9513,960 Ethiopia

5,5005,0005,2505,3006,0307,000 India

1,3001,3008201,2121,1911,257 Mali

7,8007,3008,5006,1746,4257,385 Mexico

1,1001,0001,2871,3768071,300 Niger

6,1506,7006,5925,9436,9006,750 Nigeria

5,5006,2812,2494,5244,6052,630 Sudan

840840832839807800 Tanzania

6,9846,6656,9616,6767,0096,398 Others


none

Total Consumption2,9002,9002,7002,3001,9001,900 Argentina

1,2051,2057551,1051,1051,405 Australia

1,9002,0002,0002,3002,1752,075 Brazil

1,9001,8001,9001,9001,5001,900 Burkina

1,1751,1751,1651,1101,1751,109 Cameroon

9009008501,150650700 Chad

11,40011,1006,8003,2002,2002,200 China

4,1004,1004,2003,7003,7003,700 Ethiopia

5,2504,9005,2005,1506,0006,800 India

1,0001,0001,0001,9001,4751,460 Japan

1,3001,2009501,2001,3001,300 Mali

7,7007,5008,3008,1008,1009,400 Mexico

1,1001,1001,3001,2009501,250 Niger

6,0506,6506,5505,9006,8006,700 Nigeria

5,8006,0002,5504,7004,5003,000 Sudan

8,2708,1608,3239,1039,4479,668 Others


65,14065,18759,80457,61058,38459,908 World Totalnone

Ending Stocks7029021,202781164948 Argentina

231141151272472425 Brazil

526351376326366467 China

308158108145223327 India

740540647285418724 Mexico

200150200208215190 Nigeria

478708357588609399 Sudan

1,3971,3981,5001,7761,6011,713 Others


5,0124,7785,4054,7664,6515,890 World Total


Regional Sorghum Imports, Production, Consumption, and Stocks


2010/11 2011/12 2012/13 2013/14 2014/15May

2015/16

TY Imports none2,380 North America 1,372 2,036 165 107 1001,218 South America 1,199 1,071 239 335 335

922 European Union - 28 126 291 186 100 1000 Other Europe 0 0 0 0 0

121 Middle East 101 194 231 50 50120 North Africa 54 0 41 5 5374 Sub-Saharan Africa 550 593 482 377 365

1,523 East Asia 1,655 2,650 5,281 9,555 10,05517 Southeast Asia 13 18 41 15 1521 Others 14 11 16 15 15



7,351 South America 7,124 7,496 7,003 6,762 7,267629 European Union - 28 671 473 703 863 760853 Middle East 764 814 789 780 665708 North Africa 847 763 755 756 756

23,395 Sub-Saharan Africa 24,802 24,783 22,785 26,698 26,0682,460 East Asia 2,054 2,560 2,704 2,604 2,6047,145 South Asia 6,175 5,445 5,395 5,145 5,645

54 Southeast Asia 54 55 57 55 551,935 Oceania 2,239 2,230 1,107 2,000 2,100

61 Others 176 208 250 180 175



5,739 South America 6,004 6,081 5,714 5,967 5,8521,535 European Union - 28 760 795 880 945 850

962 Middle East 789 1,052 894 960 710857 North Africa 908 756 794 756 756

23,468 Sub-Saharan Africa 24,850 25,038 23,420 26,593 26,4783,764 East Asia 3,771 5,221 7,921 12,160 12,4606,955 South Asia 6,155 5,305 5,360 5,060 5,410

61 Southeast Asia 68 68 61 90 651,405 Oceania 1,105 1,105 755 1,205 1,205

30 Others 55 80 25 30 30


1,421 North America 1,001 670 1,511 970 1,17030 Central America 23 29 32 32 22

1,428 South America 693 1,117 1,395 1,080 98521 European Union - 28 14 5 19 17 2235 Middle East 56 65 47 42 4769 North Africa 60 66 68 73 78

1,640 Sub-Saharan Africa 1,883 2,037 1,577 1,789 1,599549 East Asia 451 413 466 440 614327 South Asia 223 145 108 158 308361 Oceania 230 195 161 156 151

9 Others 17 24 21 21 16

5,890 Total 4,651 4,766 5,405 4,778 5,012



World Oats TradeOctober/September Year, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15 2015/16May

none

TY Exports5522136 Argentina

250250270240174209 Australia

1,7001,8001,7321,3511,7631,496 Canada

1001004842106129 Chile

150200291126176114 European Union

101064181 Russia

10106220 Ukraine

10101410713 Others


2,2652,4102,3971,7952,2872,005 World Totalnone

TY Imports101012794 Algeria

553233 Bosnia and Herzegovina

10102691119 Canada

150150116876858 China

552112 Colombia

202021192211 Ecuador

553434 European Union

505046515464 Japan

10010093111134103 Mexico

40403836497 Norway

552222 Serbia

252519111115 South Africa

505051445649 Switzerland

550044 Turkey

5566811 Uruguay

0010711 Others

485485439390442367 Subtotal80759764115170 Unaccounted

1,7001,8501,8611,3411,7301,468 United States2,2652,4102,3971,7952,2872,005 World Total



World Oats Production, Consumption, and StocksLocal Marketing Years, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15 2015/16May

none

Production1101101101106788 Algeria

485460445496345660 Argentina

1,1001,1301,2761,1211,2621,128 Australia

400470352422448442 Belarus

300300380361354379 Brazil

3,5002,9103,9062,8123,1582,451 Canada

760700610680451564 Chile

600600580600600525 China

7,9887,9038,3957,9097,9277,500 European Union

250226305200258134 Kazakhstan

9090908451111 Mexico

236236214232231299 Norway

5,0005,2674,9324,0275,3323,218 Russia

210210210210218204 Turkey

450610467630506458 Ukraine

337333328315372296 Others

21,81621,55522,60020,20921,58018,457 Subtotal1,0451,0119388927281,188 United States

22,86122,56623,53821,10122,30819,645 World Totalnone

Total Consumption1201251181197589 Algeria

475475425500350650 Argentina

8509009759251,100900 Australia

400450375400450475 Belarus

290300375350350370 Brazil

1,7251,6501,7401,5141,3611,530 Canada

650650575575325475 Chile

775750700675625625 China

7,8757,6758,0757,7007,8007,793 European Union

250225275225225130 Kazakhstan

190190185195185185 Mexico

270270245295270295 Norway

5,1005,2004,9004,3005,0003,450 Russia

215215215215215210 Turkey

450600475600500475 Ukraine

502494497451519467 Others


22,96122,84823,12721,87922,08820,924 World Totalnone

Ending Stocks524767495574 Argentina

818110160134146 Australia

5895041,034506805733 Canada

11013513513912784 China

910942909901795831 European Union

176286229203485167 Russia

576767815240 Ukraine

203187178202196169 Others


2,6972,7973,0792,6683,4463,226 World Total


Regional Oats Imports, Production, Consumption, and Stocks


2010/11 2011/12 2012/13 2013/14 2014/15May

2015/16

TY Imports none1,590 North America 1,875 1,461 1,980 1,960 1,810

24 South America 31 26 29 30 304 European Union - 28 3 4 3 5 5

66 Other Europe 110 84 94 100 1006 Former Soviet Union - 12 7 0 1 0 04 Middle East 4 0 0 5 54 North Africa 9 7 12 10 10

15 Sub-Saharan Africa 11 11 19 25 25122 East Asia 122 138 162 200 200

0 Oceania 0 0 0 0 0


3,750 North America 3,937 3,788 4,934 4,011 4,6351,644 South America 1,191 1,577 1,478 1,505 1,5927,500 European Union - 28 7,927 7,909 8,395 7,903 7,988

428 Other Europe 373 365 348 369 3724,257 Former Soviet Union - 12 6,549 5,285 6,062 6,579 6,106

204 Middle East 218 210 210 210 210125 North Africa 163 166 166 166 16634 Sub-Saharan Africa 57 60 59 55 55

527 East Asia 602 602 582 602 6011,176 Oce

Documents

Grain World Markets and Trade