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Interagency Commodity Estimates Committee Forecasts World Agricultural Outlook Board, Chairing Agency Economic Research Service Foreign Agricultural Service Farm Service Agency Agricultural Marketing Service World Agricultural Supply and Demand Estimates Report of March 8, 2019

World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

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Page 1: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing Agency

Economic Research ServiceForeign Agricultural Service

Farm Service AgencyAgricultural Marketing Service

World Agricultural Supply and Demand EstimatesReport of March 8 2019

WASDE World Agricultural Supply and Demand Estimates

Secretarys WASDE Briefing Slides

Foreign Ag Service World Agricultural Production

Weekly Weather and Crop Bulletin

Links to the latest WASDE related publicationsOffice of the Chief Economist

World Agricultural Outlook Board (WAOB)

US Drought Monitor ( in cooperation with NOAA and NDMC)

World Wheat Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 7631 7330 -17 -301United States 474 513 -- 39

Foreign 7157 6817 -17 -340Argentina 185 195 03 10Canada 300 318 -- 18Australia 213 173 03 -40European Union 1513 1376 -- -137Turkey 210 190 -- -20Russia 850 717 01 -133Ukraine 270 250 -- -20Kazakhstan 148 139 -11 -09China 1343 1314 -- -29India 985 997 -- 12Northwest Africa 106 124 -02 18

-- No change

---------------- Million Tons ----------------

World Wheat Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 2609 2796 -04 187Production 7631 7330 -17 -301Total Supply 10240 10126 -21 -114

Feed use 1479 1421 -11 -58Total use 7444 7421 -51 -23

Trade 1812 1789 02 -23Ending Stocks 2796 2705 30 -91

---------------- Million Tons ----------------

US Wheat Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 461 478 -- 17Harvested area (million acres) 376 396 -- 21Yield (bushels per acre) 464 476 -- 12

------------ Million bushels ------------Beginning stocks 1181 1099 -- -82Production 1741 1884 -- 144Imports 157 145 5 -12Total supply 3079 3128 5 49

Food use 964 965 -5 1Seed 63 63 -- 0Feed and residual 51 80 -- 29Domestic use 1079 1108 -5 29

Exports 901 965 -35 64Total use 1980 2073 -40 93

Ending stocks 1099 1055 45 -44----------------- Percent -----------------

Stocks to use ratio 555 509 31 -46

Average market price 472 510520 -- 043-- No change

------------ Dollars per bushel ------------

World Rice Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 4954 5016 57 62United States 57 71 -- 15

Foreign 4897 4944 57 47Argentina 09 08 -- -01Brazil 82 75 -03 -07Egypt 43 28 -- -15Australia 045 008 -038Bangladesh 327 350 05 24Burma 132 131 -- -01Cambodia 54 55 -- 01China 1489 1485 -- -04India 1129 1160 50 31Indonesia 370 373 -- 03Japan 78 77 -- -01Sri Lanka 22 26 -- 04Pakistan 75 75 01 01Philippines 122 122 -- -01Thailand 204 207 -- 03Vietnam 285 291 -- 06

-- No change Rounds to zero

---------------- Million Tons ----------------

Roughly 60 irrigated

March 8 2019

March 8 2019

India 201819 Rice Production

106646

105482

104408

109698

11291

116

98

100

102

104

106

108

110

112

114

116

118

2013 2014 2015 2016 2017 2018f

Prod

uctio

n (m

mt)

March 8 2019

World Rice Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 1500 1626 06 126Production 4954 5016 57 62Total Supply 6453 6642 63 188Total use 4827 4920 17 92

Trade 471 474 -04 02Ending Stocks 1626 1722 46 96

---------------- Million Tons ----------------

US Rice Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 246 295 -- 048Harvested area (million acres) 237 292 -- 054Yield (pounds per acre) 7507 7692 -- 185

------------ Million cwt ------------Beginning stocks 460 294 -- -167Production 1782 2242 -- 460Imports 269 290 05 21Total supply 2512 2826 05 314

Domestic use 1348 1350 -- 02Exports 870 980 -20 110Total use 2218 2330 -20 112

Ending stocks 294 496 25 202----------------- Percent -----------------

Stocks to use ratio 132 213 12 80

Average market price 1290 11701270 010 -070-- No change

------------ Dollars per cwt ------------

World Corn Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 10762 11012 16 249United States 3711 3663 -- -48

Foreign 7051 7349 16 297Argentina 320 460 -- 140Brazil 820 945 -- 125Mexico 275 256 -- -19Canada 141 139 -- -02European Union 621 609 02 -12Serbia 40 70 -- 30FSU-12 422 521 03 99Ukraine 241 355 -- 114Russia 132 114 02 -18

South Africa 131 110 -05 -21China 2591 2573 -- -17India 287 278 18 -09

-- No change

---------------- Million Tons ----------------

Brazil Corn (Second Crop)

Major

Corn ProductionAverage (2011-13)

IntensityProductionMinor

Source IBGEAgricultural Weather AssessmentsWorld Agricultural Outlook Board

Rio Grandedo Sul

SantaCatarina

Mato GrossoBahia

Mato Grossodo Sul

Parana

SaoPaulo

MinasGerais

Goias

Tocantins

Maranhao

Piaui

a ndash Cearab ndash Rio Grande do Nortec ndash Paraibad ndash Pernambucoe ndash Alagoasf ndash Sergipeh ndash Espirito Santoi ndash Rio de Janeiro

abc

de

f

h

i

Para

Amazonas

Rondonia

Roraima

Amapa

Acre

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2nd Corn crop calendar for most of Center-South Brazil

Plant

Harvest

Source IBGE Brazil

State-Level Production(as of total)

Mato GrossoParanaMato Grosso do SulGoiasSao PauloMinas GeraisSergipeBahiaMaranhaoRondoniaOther States

39251512

311111

~1

2011 to 2013 Average

March 8 2019

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

Mato Grosso corn is the record earliest planted 96 of 2nd-crop corn has been planted

Rapid soybean harvest allowed for early planting of corn in Mato Grosso

Mato Grosso CornPercent Planted

Source Safras e MercadoPeriod Ending (Approximate Date)

Source IMEA Source IMEA

Perc

ent

Perc

ent

Period Ending (Approximate Date)

Mato Grosso SoybeansPercent Harvested

March 8 2019

Brazil Normal Daily Rainfall (mm)

0123456789

Jul

-01

Jul

-23

Aug

-14

Sep

-05

Sep

-27

Oct

-19

Nov

-10

Dec

-02

Dec

-24

Jan

-15

Feb

-06

Feb

-28

Mar

-22

Apr

-13

May

-05

May

-27

Jun

-18

Parana MT

Early March

Mato Grosso

Parana

Agricultural Weather AssessmentsWorld Agricultural Outlook Board March 8 2019

Chart4

Parana
MT
Brazil Normal Daily Rainfall (mm)
34
05
33
05
33
05
32
05
31
06
3
05
3
05
29
05
28
05
28
05
27
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27
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1
29
1
3
11
3
11
3
12
31
12
31
13
32
13
32
13
33
14
33
14
34
15
34
16
35
16
36
17
37
17
37
18
38
18
39
19
39
2
4
2
41
21
42
22
43
22
44
22
45
23
46
24
47
24
48
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48
26
49
26
5
27
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3
55
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59
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5
52
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53
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6
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69
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6
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4
06
4
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39
05
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38
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06
36
05
36
05
35
06

Rainfall normals

Rainfall normals

Parana
MT
Brazil Normal Daily Rainfall (mm)

Sheet2

Sheet3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Cumulative Daily
Parana MT RGDS Parana MT
Jul-01 2764 0 7088 34 05
Jul-02 5128 0 12232 33 05
Jul-03 86 0952 18532 33 05
Jul-04 11196 2116 21512 32 05
Jul-05 12908 214 25204 31 06
Jul-06 15308 246 31972 3 05
Jul-07 19736 246 38674 3 05
Jul-08 23852 2464 4448 29 05
Jul-09 29252 3412 5054 28 05
Jul-10 32968 3748 55088 28 05
Jul-11 352 384 60272 27 05
Jul-12 37316 392 61724 27 05
Jul-13 38576 3932 62328 26 05
Jul-14 38684 396 63566 25 05
Jul-15 39676 3976 66248 25 05
Jul-16 44864 3976 72016 24 05
Jul-17 4847 3976 76014 24 05
Jul-18 5265 4128 80946 24 05
Jul-19 56222 4228 86874 23 05
Jul-20 58754 456 92074 23 05
Jul-21 62098 4616 95112 23 05
Jul-22 63482 47 98508 23 05
Jul-23 66322 6736 10102 23 05
Jul-24 66826 6868 102116 22 05
Jul-25 68194 7008 104668 22 05
Jul-26 69974 7432 10911 22 05
Jul-27 72834 7488 113962 22 05
Jul-28 75074 7568 118294 22 05
Jul-29 76562 7608 124178 22 05
Jul-30 78202 7628 129238 22 05
Jul-31 80654 8448 135082 23 05
Aug-01 84138 9236 140582 23 05
Aug-02 86938 9384 144806 23 05
Aug-03 88686 9452 150098 23 05
Aug-04 90358 996 155774 23 06
Aug-05 92794 11416 158934 23 06
Aug-06 9575 12692 162478 24 05
Aug-07 98422 127 167014 24 05
Aug-08 100086 12704 170066 24 05
Aug-09 102978 12704 177274 24 06
Aug-10 105066 1304 180992 25 06
Aug-11 106538 1312 18366 25 06
Aug-12 108098 13508 185076 25 06
Aug-13 108986 13644 186364 25 06
Aug-14 111482 13908 18984 26 07
Aug-15 11377 15204 195176 26 07
Aug-16 117674 1592 201236 27 08
Aug-17 11985 1596 20416 27 08
Aug-18 123498 16052 208836 27 08
Aug-19 12841 1614 211548 28 08
Aug-20 13183 16564 21698 28 09
Aug-21 135826 17052 221748 28 09
Aug-22 138234 17196 223168 29 09
Aug-23 139438 18948 225216 29 1
Aug-24 14061 19588 228608 29 1
Aug-25 143082 21084 231288 3 11
Aug-26 144454 22012 235172 3 11
Aug-27 149278 22012 238864 3 12
Aug-28 15179 22856 24076 31 12
Aug-29 153774 24556 243712 31 13
Aug-30 154746 25356 246228 32 13
Aug-31 158766 26432 251112 32 13
Sep-01 161398 28168 255196 33 14
Sep-02 16531 30132 257996 33 14
Sep-03 167078 30308 259736 34 15
Sep-04 17003 30388 263592 34 16
Sep-05 173546 30768 26666 35 16
Sep-06 175398 3148 268684 36 17
Sep-07 181814 3268 272 37 17
Sep-08 187614 36846 277494 37 18
Sep-09 191406 38834 281182 38 18
Sep-10 192502 4009 284174 39 19
Sep-11 193486 41462 292254 39 2
Sep-12 199146 42282 302174 4 2
Sep-13 205058 44022 308424 41 21
Sep-14 211134 45642 31666 42 22
Sep-15 218042 4695 325528 43 22
Sep-16 221954 49078 330032 44 22
Sep-17 224018 49926 332248 45 23
Sep-18 228086 50494 340216 46 24
Sep-19 232194 53954 34878 47 24
Sep-20 23891 54818 355518 48 25
Sep-21 240914 56926 361376 48 26
Sep-22 244254 58866 365848 49 26
Sep-23 248926 60538 37564 5 27
Sep-24 256398 6307 389776 51 28
Sep-25 26425 65454 395308 52 28
Sep-26 268946 69902 40004 53 29
Sep-27 27237 70662 4038 53 29
Sep-28 277442 72082 407884 54 3
Sep-29 284522 76594 413128 55 31
Sep-30 290042 81582 418636 56 31
Oct-01 299106 84374 427364 56 32
Oct-02 305186 8773 431952 57 33
Oct-03 308186 89546 436956 57 33
Oct-04 31191 94862 442232 58 34
Oct-05 315982 9665 452052 58 35
Oct-06 322018 100354 4593 58 36
Oct-07 32445 103338 461674 59 36
Oct-08 330414 10633 46959 59 37
Oct-09 33641 10839 478896 59 38
Oct-10 342482 112878 4864 59 38
Oct-11 349454 115038 49178 59 39
Oct-12 35571 11893 498376 59 4
Oct-13 362234 123062 50792 59 41
Oct-14 367638 126802 513484 59 41
Oct-15 369866 129274 519524 58 42
Oct-16 375386 13339 528236 58 43
Oct-17 383966 13761 539512 58 44
Oct-18 388114 141006 54398 57 45
Oct-19 39491 146666 547548 57 45
Oct-20 401666 150358 554624 56 46
Oct-21 406878 153806 560316 56 47
Oct-22 411594 157198 563256 55 48
Oct-23 414694 163434 566624 55 48
Oct-24 41811 168974 571808 54 49
Oct-25 424658 173138 577804 53 5
Oct-26 433038 178442 585308 52 51
Oct-27 442146 18707 5891 52 52
Oct-28 444998 192174 592184 51 52
Oct-29 447778 195098 59562 5 53
Oct-30 449114 202238 599922 49 54
Oct-31 453102 207962 606102 49 55
Nov-01 460738 21235 611414 48 55
Nov-02 46535 217874 616194 47 56
Nov-03 471222 224532 620408 47 57
Nov-04 47721 229184 626328 46 58
Nov-05 481826 236736 63376 46 59
Nov-06 490546 240048 643056 45 59
Nov-07 493758 244132 645724 45 6
Nov-08 49723 248816 650184 44 61
Nov-09 500526 255364 654412 44 61
Nov-10 505182 26546 65976 44 62
Nov-11 509178 271336 664348 44 62
Nov-12 513334 276676 66896 43 63
Nov-13 519854 282156 675124 43 64
Nov-14 52521 28843 678284 43 64
Nov-15 53069 292758 680652 43 65
Nov-16 533158 304166 684364 43 65
Nov-17 537386 30969 68864 44 66
Nov-18 54063 31615 693612 44 66
Nov-19 54451 320838 697756 44 66
Nov-20 548162 331762 699288 45 67
Nov-21 552446 337868 702032 45 68
Nov-22 556582 343624 703216 46 68
Nov-23 558166 35038 706056 46 68
Nov-24 561802 35358 710 47 68
Nov-25 568802 360124 716752 48 69
Nov-26 574546 364332 720672 48 69
Nov-27 57893 36952 724824 49 69
Nov-28 582814 377852 729172 5 69
Nov-29 58561 388264 730416 51 7
Nov-30 588422 396364 732412 52 7
Dec-01 591438 407728 735704 52 7
Dec-02 594274 414648 738192 53 7
Dec-03 597002 42232 740312 54 7
Dec-04 601042 427388 743156 55 7
Dec-05 605394 43246 750432 56 7
Dec-06 610078 438292 75839 56 7
Dec-07 617094 447072 763426 57 71
Dec-08 621458 45366 766248 57 71
Dec-09 623962 460588 7684 58 7
Dec-10 63095 46921 771594 59 7
Dec-11 635566 481482 775878 6 71
Dec-12 642502 48885 78275 6 71
Dec-13 649742 499602 78785 6 7
Dec-14 65815 509698 791862 61 71
Dec-15 662126 515178 797586 61 71
Dec-16 667966 522814 80215 61 71
Dec-17 673974 529578 810014 62 71
Dec-18 676898 537354 81391 62 71
Dec-19 680222 544574 815174 62 71
Dec-20 684598 55039 82225 62 71
Dec-21 689722 556622 82803 62 71
Dec-22 697602 560194 832886 62 71
Dec-23 70129 567118 838426 61 71
Dec-24 70669 573266 846136 61 71
Dec-25 708366 58053 848 61 72
Dec-26 710446 588766 852876 61 72
Dec-27 713818 595826 855604 6 72
Dec-28 71879 60375 860756 6 72
Dec-29 727414 610454 864652 6 72
Dec-30 733598 617218 871628 6 72
Dec-31 739248 626332 875934 59 73
Jan-01 743224 635558 87995 59 72
Jan-02 745184 64569 882542 58 73
Jan-03 749496 653898 885678 58 73
Jan-04 753786 664308 88883 58 73
Jan-05 758918 673588 893222 57 74
Jan-06 762998 685356 896982 57 74
Jan-07 766544 6916 901356 56 74
Jan-08 768952 700506 907956 56 75
Jan-09 77438 710522 913684 56 75
Jan-10 781904 718902 919052 55 75
Jan-11 788208 726078 925492 55 75
Jan-12 79456 735638 929744 55 76
Jan-13 800452 74447 93248 55 76
Jan-14 804716 753262 939044 54 76
Jan-15 810692 764854 947368 54 76
Jan-16 815796 773346 95577 54 77
Jan-17 82062 781266 96295 54 77
Jan-18 82456 788226 966778 54 77
Jan-19 829312 79381 969044 54 78
Jan-20 83652 800718 976852 54 78
Jan-21 840784 809782 980462 55 78
Jan-22 84686 815818 984158 55 79
Jan-23 852196 824174 988466 55 79
Jan-24 85726 831706 99199 55 79
Jan-25 866372 83847 100142 55 8
Jan-26 872064 846934 100761 55 8
Jan-27 878372 85433 101541 56 8
Jan-28 883588 85997 101846 56 8
Jan-29 889244 867398 102653 57 81
Jan-30 896468 876534 103566 57 81
Jan-31 90484 883646 10443 57 82
Feb-01 915208 891514 105294 58 82
Feb-02 921476 90037 106103 58 82
Feb-03 927964 909646 106442 59 82
Feb-04 93286 918026 107032 59 82
Feb-05 937408 928946 107763 59 82
Feb-06 94201 937412 108254 6 83
Feb-07 947086 952884 108552 6 83
Feb-08 952246 96228 109098 6 83
Feb-09 955886 968904 109558 6 83
Feb-10 96133 9754 110469 61 83
Feb-11 96697 981996 110991 6 83
Feb-12 969426 992592 111242 6 83
Feb-13 97417 999652 111567 6 83
Feb-14 980506 100768 112062 6 83
Feb-15 985954 101555 112725 6 83
Feb-16 99267 102422 1134 6 83
Feb-17 997258 103353 113994 6 83
Feb-18 100341 104026 114302 59 82
Feb-19 100826 104853 11448 59 82
Feb-20 10135 105757 115195 58 82
Feb-21 101997 106745 115619 58 82
Feb-22 102626 107418 115978 57 82
Feb-23 103088 108182 116461 56 82
Feb-24 103827 108792 117726 55 81
Feb-25 104473 10951 118573 55 81
Feb-26 104847 110097 119134 54 8
Feb-27 105214 110854 119655 53 8
Feb-28 105754 111584 119994 52 79
Mar-01 106131 112306 12051 51 79
Mar-02 106455 11297 12082 5 78
Mar-03 106966 113829 121208 49 78
Mar-04 107273 114705 121571 49 77
Mar-05 107551 115385 122014 48 77
Mar-06 107835 116451 122605 47 76
Mar-07 108221 117131 123162 46 76
Mar-08 108449 117625 123525 45 75
Mar-09 108706 118251 123844 45 75
Mar-10 109109 118828 124456 44 74
Mar-11 109385 119645 124956 43 73
Mar-12 109721 120487 125389 42 73
Mar-13 110119 121134 125913 42 72
Mar-14 110432 122035 126473 41 71
Mar-15 11068 122842 126772 41 7
Mar-16 110909 123543 127254 4 7
Mar-17 111538 124458 127636 4 68
Mar-18 112072 125557 128608 4 68
Mar-19 112325 126969 128885 39 67
Mar-20 112907 127667 129129 39 66
Mar-21 113171 128444 12943 39 65
Mar-22 113633 129037 129641 39 64
Mar-23 113946 129689 130187 38 63
Mar-24 114494 130371 130687 39 62
Mar-25 114798 13106 13116 39 61
Mar-26 115109 131501 131718 39 61
Mar-27 1155 132129 132139 39 6
Mar-28 115791 132728 132677 39 58
Mar-29 116153 133382 133207 39 58
Mar-30 116608 134038 133786 4 57
Mar-31 116879 134388 134263 4 56
Apr-01 117448 13481 135173 4 55
Apr-02 117731 135548 135867 4 54
Apr-03 117943 136158 136402 41 53
Apr-04 118451 136585 137352 41 52
Apr-05 118751 136883 137983 42 51
Apr-06 118931 137352 138669 42 5
Apr-07 119668 137681 139307 42 49
Apr-08 120095 137925 139919 43 48
Apr-09 120417 138207 140221 43 47
Apr-10 120927 138485 140749 44 46
Apr-11 121133 138983 141135 44 45
Apr-12 121383 139608 141819 44 44
Apr-13 122001 14036 142518 45 43
Apr-14 122484 140746 143004 45 42
Apr-15 123102 14132 143888 46 41
Apr-16 123593 141693 144598 46 4
Apr-17 124211 142326 14511 46 39
Apr-18 124985 142663 145816 46 38
Apr-19 125699 143123 146355 46 37
Apr-20 126363 143359 146813 47 36
Apr-21 126625 143631 14718 47 35
Apr-22 126848 143999 147422 47 35
Apr-23 127155 144221 14801 47 34
Apr-24 127786 144374 148823 47 33
Apr-25 128226 144671 149713 47 32
Apr-26 128702 144918 150257 47 31
Apr-27 128934 145129 150715 47 31
Apr-28 12922 145279 151235 47 3
Apr-29 129737 145416 151968 47 29
Apr-30 130073 145645 152481 47 28
May-01 130327 145749 152759 46 27
May-02 130623 145967 153177 46 27
May-03 131046 146091 153532 46 26
May-04 131572 14629 154097 46 25
May-05 131847 146391 154588 46 24
May-06 132538 146643 154808 45 24
May-07 132866 146852 155413 45 23
May-08 13334 146912 15599 45 22
May-09 133673 147045 156414 45 22
May-10 134007 147091 15677 45 21
May-11 134298 147144 157185 44 2
May-12 13464 147175 157683 44 2
May-13 135307 147252 158313 44 19
May-14 135985 147549 158803 44 19
May-15 13632 147685 15911 44 18
May-16 136885 147977 159807 44 17
May-17 137428 148068 160351 44 17
May-18 138029 148179 160972 43 16
May-19 138529 148214 161583 44 15
May-20 139212 148227 162319 44 15
May-21 140112 148465 163037 44 14
May-22 140769 148569 163618 44 14
May-23 141341 148687 164089 44 14
May-24 141704 148804 164369 44 13
May-25 142195 148864 164796 44 12
May-26 142465 148911 165278 44 12
May-27 142872 149025 166129 44 11
May-28 143259 149056 16711 44 11
May-29 143676 149113 167891 44 11
May-30 1442 149161 168626 44 11
May-31 144545 149393 169258 44 1
Jun-01 144785 149493 169409 44 1
Jun-02 144969 149569 169717 45 09
Jun-03 145211 149575 170452 44 09
Jun-04 145532 149647 170986 44 09
Jun-05 146458 14967 171959 45 08
Jun-06 147033 149791 172742 45 08
Jun-07 147535 149896 173169 45 08
Jun-08 147838 149911 173672 45 07
Jun-09 148111 149915 174203 45 07
Jun-10 148302 149975 174903 44 07
Jun-11 148548 149975 175279 44 07
Jun-12 148795 149975 175763 44 07
Jun-13 149169 149975 176279 44 07
Jun-14 149886 149981 176859 44 07
Jun-15 150168 150142 17703 44 06
Jun-16 150462 150186 177623 43 06
Jun-17 150731 15021 178343 43 06
Jun-18 151447 150243 178887 42 06
Jun-19 152109 150247 179668 42 06
Jun-20 152758 150287 179981 41 06
Jun-21 153139 150315 180324 41 06
Jun-22 153321 150421 180658 4 06
Jun-23 153536 150428 181094 4 05
Jun-24 154122 150543 181596 39 05
Jun-25 154487 15062 181875 38 06
Jun-26 154764 150696 182241 38 06
Jun-27 15517 150702 182588 37 06
Jun-28 155453 15071 182874 36 05
Jun-29 155786 150817 183159 36 05
Jun-30 15612 150901 183853 35 06
Jul-01 Jul-01
Jul-02 Jul-02
Jul-03 Jul-03
Jul-04 Jul-04
Jul-05 Jul-05
Jul-06 Jul-06
Jul-07 Jul-07
Jul-08 Jul-08
Jul-09 Jul-09
Jul-10 Jul-10
Jul-11 Jul-11
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Jul-13 Jul-13
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Jul-18 Jul-18
Jul-19 Jul-19
Jul-20 Jul-20
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Jul-31 Jul-31
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Aug-04 Aug-04
Aug-05 Aug-05
Aug-06 Aug-06
Aug-07 Aug-07
Aug-08 Aug-08
Aug-09 Aug-09
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Aug-12 Aug-12
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Aug-19 Aug-19
Aug-20 Aug-20
Aug-21 Aug-21
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Aug-24 Aug-24
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Aug-27 Aug-27
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Nov-23 Nov-23
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Nov-25 Nov-25
Nov-26 Nov-26
Nov-27 Nov-27
Nov-28 Nov-28
Nov-29 Nov-29
Nov-30 Nov-30
Dec-01 Dec-01
Dec-02 Dec-02
Dec-03 Dec-03
Dec-04 Dec-04
Dec-05 Dec-05
Dec-06 Dec-06
Dec-07 Dec-07
Dec-08 Dec-08
Dec-09 Dec-09
Dec-10 Dec-10
Dec-11 Dec-11
Dec-12 Dec-12
Dec-13 Dec-13
Dec-14 Dec-14
Dec-15 Dec-15
Dec-16 Dec-16
Dec-17 Dec-17
Dec-18 Dec-18
Dec-19 Dec-19
Dec-20 Dec-20
Dec-21 Dec-21
Dec-22 Dec-22
Dec-23 Dec-23
Dec-24 Dec-24
Dec-25 Dec-25
Dec-26 Dec-26
Dec-27 Dec-27
Dec-28 Dec-28
Dec-29 Dec-29
Dec-30 Dec-30
Dec-31 Dec-31
Jan-01 Jan-01
Jan-02 Jan-02
Jan-03 Jan-03
Jan-04 Jan-04
Jan-05 Jan-05
Jan-06 Jan-06
Jan-07 Jan-07
Jan-08 Jan-08
Jan-09 Jan-09
Jan-10 Jan-10
Jan-11 Jan-11
Jan-12 Jan-12
Jan-13 Jan-13
Jan-14 Jan-14
Jan-15 Jan-15
Jan-16 Jan-16
Jan-17 Jan-17
Jan-18 Jan-18
Jan-19 Jan-19
Jan-20 Jan-20
Jan-21 Jan-21
Jan-22 Jan-22
Jan-23 Jan-23
Jan-24 Jan-24
Jan-25 Jan-25
Jan-26 Jan-26
Jan-27 Jan-27
Jan-28 Jan-28
Jan-29 Jan-29
Jan-30 Jan-30
Jan-31 Jan-31
Feb-01 Feb-01
Feb-02 Feb-02
Feb-03 Feb-03
Feb-04 Feb-04
Feb-05 Feb-05
Feb-06 Feb-06
Feb-07 Feb-07
Feb-08 Feb-08
Feb-09 Feb-09
Feb-10 Feb-10
Feb-11 Feb-11
Feb-12 Feb-12
Feb-13 Feb-13
Feb-14 Feb-14
Feb-15 Feb-15
Feb-16 Feb-16
Feb-17 Feb-17
Feb-18 Feb-18
Feb-19 Feb-19
Feb-20 Feb-20
Feb-21 Feb-21
Feb-22 Feb-22
Feb-23 Feb-23
Feb-24 Feb-24
Feb-25 Feb-25
Feb-26 Feb-26
Feb-27 Feb-27
Feb-28 Feb-28
Mar-01 Mar-01
Mar-02 Mar-02
Mar-03 Mar-03
Mar-04 Mar-04
Mar-05 Mar-05
Mar-06 Mar-06
Mar-07 Mar-07
Mar-08 Mar-08
Mar-09 Mar-09
Mar-10 Mar-10
Mar-11 Mar-11
Mar-12 Mar-12
Mar-13 Mar-13
Mar-14 Mar-14
Mar-15 Mar-15
Mar-16 Mar-16
Mar-17 Mar-17
Mar-18 Mar-18
Mar-19 Mar-19
Mar-20 Mar-20
Mar-21 Mar-21
Mar-22 Mar-22
Mar-23 Mar-23
Mar-24 Mar-24
Mar-25 Mar-25
Mar-26 Mar-26
Mar-27 Mar-27
Mar-28 Mar-28
Mar-29 Mar-29
Mar-30 Mar-30
Mar-31 Mar-31
Apr-01 Apr-01
Apr-02 Apr-02
Apr-03 Apr-03
Apr-04 Apr-04
Apr-05 Apr-05
Apr-06 Apr-06
Apr-07 Apr-07
Apr-08 Apr-08
Apr-09 Apr-09
Apr-10 Apr-10
Apr-11 Apr-11
Apr-12 Apr-12
Apr-13 Apr-13
Apr-14 Apr-14
Apr-15 Apr-15
Apr-16 Apr-16
Apr-17 Apr-17
Apr-18 Apr-18
Apr-19 Apr-19
Apr-20 Apr-20
Apr-21 Apr-21
Apr-22 Apr-22
Apr-23 Apr-23
Apr-24 Apr-24
Apr-25 Apr-25
Apr-26 Apr-26
Apr-27 Apr-27
Apr-28 Apr-28
Apr-29 Apr-29
Apr-30 Apr-30
May-01 May-01
May-02 May-02
May-03 May-03
May-04 May-04
May-05 May-05
May-06 May-06
May-07 May-07
May-08 May-08
May-09 May-09
May-10 May-10
May-11 May-11
May-12 May-12
May-13 May-13
May-14 May-14
May-15 May-15
May-16 May-16
May-17 May-17
May-18 May-18
May-19 May-19
May-20 May-20
May-21 May-21
May-22 May-22
May-23 May-23
May-24 May-24
May-25 May-25
May-26 May-26
May-27 May-27
May-28 May-28
May-29 May-29
May-30 May-30
May-31 May-31
Jun-01 Jun-01
Jun-02 Jun-02
Jun-03 Jun-03
Jun-04 Jun-04
Jun-05 Jun-05
Jun-06 Jun-06
Jun-07 Jun-07
Jun-08 Jun-08
Jun-09 Jun-09
Jun-10 Jun-10
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Jun-13 Jun-13
Jun-14 Jun-14
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Jun-16 Jun-16
Jun-17 Jun-17
Jun-18 Jun-18
Jun-19 Jun-19
Jun-20 Jun-20
Jun-21 Jun-21
Jun-22 Jun-22
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Jun-25 Jun-25
Jun-26 Jun-26
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Jun-28 Jun-28
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Jun-30 Jun-30
Page 2: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

WASDE World Agricultural Supply and Demand Estimates

Secretarys WASDE Briefing Slides

Foreign Ag Service World Agricultural Production

Weekly Weather and Crop Bulletin

Links to the latest WASDE related publicationsOffice of the Chief Economist

World Agricultural Outlook Board (WAOB)

US Drought Monitor ( in cooperation with NOAA and NDMC)

World Wheat Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 7631 7330 -17 -301United States 474 513 -- 39

Foreign 7157 6817 -17 -340Argentina 185 195 03 10Canada 300 318 -- 18Australia 213 173 03 -40European Union 1513 1376 -- -137Turkey 210 190 -- -20Russia 850 717 01 -133Ukraine 270 250 -- -20Kazakhstan 148 139 -11 -09China 1343 1314 -- -29India 985 997 -- 12Northwest Africa 106 124 -02 18

-- No change

---------------- Million Tons ----------------

World Wheat Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 2609 2796 -04 187Production 7631 7330 -17 -301Total Supply 10240 10126 -21 -114

Feed use 1479 1421 -11 -58Total use 7444 7421 -51 -23

Trade 1812 1789 02 -23Ending Stocks 2796 2705 30 -91

---------------- Million Tons ----------------

US Wheat Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 461 478 -- 17Harvested area (million acres) 376 396 -- 21Yield (bushels per acre) 464 476 -- 12

------------ Million bushels ------------Beginning stocks 1181 1099 -- -82Production 1741 1884 -- 144Imports 157 145 5 -12Total supply 3079 3128 5 49

Food use 964 965 -5 1Seed 63 63 -- 0Feed and residual 51 80 -- 29Domestic use 1079 1108 -5 29

Exports 901 965 -35 64Total use 1980 2073 -40 93

Ending stocks 1099 1055 45 -44----------------- Percent -----------------

Stocks to use ratio 555 509 31 -46

Average market price 472 510520 -- 043-- No change

------------ Dollars per bushel ------------

World Rice Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 4954 5016 57 62United States 57 71 -- 15

Foreign 4897 4944 57 47Argentina 09 08 -- -01Brazil 82 75 -03 -07Egypt 43 28 -- -15Australia 045 008 -038Bangladesh 327 350 05 24Burma 132 131 -- -01Cambodia 54 55 -- 01China 1489 1485 -- -04India 1129 1160 50 31Indonesia 370 373 -- 03Japan 78 77 -- -01Sri Lanka 22 26 -- 04Pakistan 75 75 01 01Philippines 122 122 -- -01Thailand 204 207 -- 03Vietnam 285 291 -- 06

-- No change Rounds to zero

---------------- Million Tons ----------------

Roughly 60 irrigated

March 8 2019

March 8 2019

India 201819 Rice Production

106646

105482

104408

109698

11291

116

98

100

102

104

106

108

110

112

114

116

118

2013 2014 2015 2016 2017 2018f

Prod

uctio

n (m

mt)

March 8 2019

World Rice Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 1500 1626 06 126Production 4954 5016 57 62Total Supply 6453 6642 63 188Total use 4827 4920 17 92

Trade 471 474 -04 02Ending Stocks 1626 1722 46 96

---------------- Million Tons ----------------

US Rice Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 246 295 -- 048Harvested area (million acres) 237 292 -- 054Yield (pounds per acre) 7507 7692 -- 185

------------ Million cwt ------------Beginning stocks 460 294 -- -167Production 1782 2242 -- 460Imports 269 290 05 21Total supply 2512 2826 05 314

Domestic use 1348 1350 -- 02Exports 870 980 -20 110Total use 2218 2330 -20 112

Ending stocks 294 496 25 202----------------- Percent -----------------

Stocks to use ratio 132 213 12 80

Average market price 1290 11701270 010 -070-- No change

------------ Dollars per cwt ------------

World Corn Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 10762 11012 16 249United States 3711 3663 -- -48

Foreign 7051 7349 16 297Argentina 320 460 -- 140Brazil 820 945 -- 125Mexico 275 256 -- -19Canada 141 139 -- -02European Union 621 609 02 -12Serbia 40 70 -- 30FSU-12 422 521 03 99Ukraine 241 355 -- 114Russia 132 114 02 -18

South Africa 131 110 -05 -21China 2591 2573 -- -17India 287 278 18 -09

-- No change

---------------- Million Tons ----------------

Brazil Corn (Second Crop)

Major

Corn ProductionAverage (2011-13)

IntensityProductionMinor

Source IBGEAgricultural Weather AssessmentsWorld Agricultural Outlook Board

Rio Grandedo Sul

SantaCatarina

Mato GrossoBahia

Mato Grossodo Sul

Parana

SaoPaulo

MinasGerais

Goias

Tocantins

Maranhao

Piaui

a ndash Cearab ndash Rio Grande do Nortec ndash Paraibad ndash Pernambucoe ndash Alagoasf ndash Sergipeh ndash Espirito Santoi ndash Rio de Janeiro

abc

de

f

h

i

Para

Amazonas

Rondonia

Roraima

Amapa

Acre

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2nd Corn crop calendar for most of Center-South Brazil

Plant

Harvest

Source IBGE Brazil

State-Level Production(as of total)

Mato GrossoParanaMato Grosso do SulGoiasSao PauloMinas GeraisSergipeBahiaMaranhaoRondoniaOther States

39251512

311111

~1

2011 to 2013 Average

March 8 2019

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

Mato Grosso corn is the record earliest planted 96 of 2nd-crop corn has been planted

Rapid soybean harvest allowed for early planting of corn in Mato Grosso

Mato Grosso CornPercent Planted

Source Safras e MercadoPeriod Ending (Approximate Date)

Source IMEA Source IMEA

Perc

ent

Perc

ent

Period Ending (Approximate Date)

Mato Grosso SoybeansPercent Harvested

March 8 2019

Brazil Normal Daily Rainfall (mm)

0123456789

Jul

-01

Jul

-23

Aug

-14

Sep

-05

Sep

-27

Oct

-19

Nov

-10

Dec

-02

Dec

-24

Jan

-15

Feb

-06

Feb

-28

Mar

-22

Apr

-13

May

-05

May

-27

Jun

-18

Parana MT

Early March

Mato Grosso

Parana

Agricultural Weather AssessmentsWorld Agricultural Outlook Board March 8 2019

Chart4

Parana
MT
Brazil Normal Daily Rainfall (mm)
34
05
33
05
33
05
32
05
31
06
3
05
3
05
29
05
28
05
28
05
27
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26
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25
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25
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07
27
08
27
08
27
08
28
08
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28
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1
29
1
3
11
3
11
3
12
31
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13
32
13
32
13
33
14
33
14
34
15
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18
38
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39
2
4
2
41
21
42
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45
23
46
24
47
24
48
25
48
26
49
26
5
27
51
28
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29
54
3
55
31
56
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32
57
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57
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58
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59
4
59
41
59
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42
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45
57
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46
56
47
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55
48
54
49
53
5
52
51
52
52
51
52
5
53
49
54
49
55
48
55
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56
47
57
46
58
46
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59
45
6
44
61
44
61
44
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62
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63
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64
43
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44
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44
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68
48
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48
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49
69
5
69
51
7
52
7
52
7
53
7
54
7
55
7
56
7
56
7
57
71
57
71
58
7
59
7
6
71
6
71
6
7
61
71
61
71
61
71
62
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71
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71
62
71
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71
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61
72
6
72
6
72
6
72
6
72
59
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59
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58
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58
73
57
74
57
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56
74
56
75
56
75
55
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55
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54
78
54
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55
78
55
79
55
79
55
79
55
8
55
8
56
8
56
8
57
81
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82
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82
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82
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82
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82
59
82
6
83
6
83
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83
6
83
61
83
6
83
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83
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83
6
83
6
83
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83
59
82
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82
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82
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82
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82
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82
55
81
55
81
54
8
53
8
52
79
51
79
5
78
49
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48
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46
76
45
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45
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44
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43
73
42
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72
41
71
41
7
4
7
4
68
4
68
39
67
39
66
39
65
39
64
38
63
39
62
39
61
39
61
39
6
39
58
39
58
4
57
4
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4
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4
54
41
53
41
52
42
51
42
5
42
49
43
48
43
47
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45
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44
45
43
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42
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41
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4
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47
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47
34
47
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27
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24
45
24
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21
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2
44
2
44
19
44
19
44
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44
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44
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43
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1
44
1
45
09
44
09
44
09
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45
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45
08
45
07
45
07
44
07
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07
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07
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07
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06
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06
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41
06
4
06
4
05
39
05
38
06
38
06
37
06
36
05
36
05
35
06

Rainfall normals

Rainfall normals

Parana
MT
Brazil Normal Daily Rainfall (mm)

Sheet2

Sheet3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Cumulative Daily
Parana MT RGDS Parana MT
Jul-01 2764 0 7088 34 05
Jul-02 5128 0 12232 33 05
Jul-03 86 0952 18532 33 05
Jul-04 11196 2116 21512 32 05
Jul-05 12908 214 25204 31 06
Jul-06 15308 246 31972 3 05
Jul-07 19736 246 38674 3 05
Jul-08 23852 2464 4448 29 05
Jul-09 29252 3412 5054 28 05
Jul-10 32968 3748 55088 28 05
Jul-11 352 384 60272 27 05
Jul-12 37316 392 61724 27 05
Jul-13 38576 3932 62328 26 05
Jul-14 38684 396 63566 25 05
Jul-15 39676 3976 66248 25 05
Jul-16 44864 3976 72016 24 05
Jul-17 4847 3976 76014 24 05
Jul-18 5265 4128 80946 24 05
Jul-19 56222 4228 86874 23 05
Jul-20 58754 456 92074 23 05
Jul-21 62098 4616 95112 23 05
Jul-22 63482 47 98508 23 05
Jul-23 66322 6736 10102 23 05
Jul-24 66826 6868 102116 22 05
Jul-25 68194 7008 104668 22 05
Jul-26 69974 7432 10911 22 05
Jul-27 72834 7488 113962 22 05
Jul-28 75074 7568 118294 22 05
Jul-29 76562 7608 124178 22 05
Jul-30 78202 7628 129238 22 05
Jul-31 80654 8448 135082 23 05
Aug-01 84138 9236 140582 23 05
Aug-02 86938 9384 144806 23 05
Aug-03 88686 9452 150098 23 05
Aug-04 90358 996 155774 23 06
Aug-05 92794 11416 158934 23 06
Aug-06 9575 12692 162478 24 05
Aug-07 98422 127 167014 24 05
Aug-08 100086 12704 170066 24 05
Aug-09 102978 12704 177274 24 06
Aug-10 105066 1304 180992 25 06
Aug-11 106538 1312 18366 25 06
Aug-12 108098 13508 185076 25 06
Aug-13 108986 13644 186364 25 06
Aug-14 111482 13908 18984 26 07
Aug-15 11377 15204 195176 26 07
Aug-16 117674 1592 201236 27 08
Aug-17 11985 1596 20416 27 08
Aug-18 123498 16052 208836 27 08
Aug-19 12841 1614 211548 28 08
Aug-20 13183 16564 21698 28 09
Aug-21 135826 17052 221748 28 09
Aug-22 138234 17196 223168 29 09
Aug-23 139438 18948 225216 29 1
Aug-24 14061 19588 228608 29 1
Aug-25 143082 21084 231288 3 11
Aug-26 144454 22012 235172 3 11
Aug-27 149278 22012 238864 3 12
Aug-28 15179 22856 24076 31 12
Aug-29 153774 24556 243712 31 13
Aug-30 154746 25356 246228 32 13
Aug-31 158766 26432 251112 32 13
Sep-01 161398 28168 255196 33 14
Sep-02 16531 30132 257996 33 14
Sep-03 167078 30308 259736 34 15
Sep-04 17003 30388 263592 34 16
Sep-05 173546 30768 26666 35 16
Sep-06 175398 3148 268684 36 17
Sep-07 181814 3268 272 37 17
Sep-08 187614 36846 277494 37 18
Sep-09 191406 38834 281182 38 18
Sep-10 192502 4009 284174 39 19
Sep-11 193486 41462 292254 39 2
Sep-12 199146 42282 302174 4 2
Sep-13 205058 44022 308424 41 21
Sep-14 211134 45642 31666 42 22
Sep-15 218042 4695 325528 43 22
Sep-16 221954 49078 330032 44 22
Sep-17 224018 49926 332248 45 23
Sep-18 228086 50494 340216 46 24
Sep-19 232194 53954 34878 47 24
Sep-20 23891 54818 355518 48 25
Sep-21 240914 56926 361376 48 26
Sep-22 244254 58866 365848 49 26
Sep-23 248926 60538 37564 5 27
Sep-24 256398 6307 389776 51 28
Sep-25 26425 65454 395308 52 28
Sep-26 268946 69902 40004 53 29
Sep-27 27237 70662 4038 53 29
Sep-28 277442 72082 407884 54 3
Sep-29 284522 76594 413128 55 31
Sep-30 290042 81582 418636 56 31
Oct-01 299106 84374 427364 56 32
Oct-02 305186 8773 431952 57 33
Oct-03 308186 89546 436956 57 33
Oct-04 31191 94862 442232 58 34
Oct-05 315982 9665 452052 58 35
Oct-06 322018 100354 4593 58 36
Oct-07 32445 103338 461674 59 36
Oct-08 330414 10633 46959 59 37
Oct-09 33641 10839 478896 59 38
Oct-10 342482 112878 4864 59 38
Oct-11 349454 115038 49178 59 39
Oct-12 35571 11893 498376 59 4
Oct-13 362234 123062 50792 59 41
Oct-14 367638 126802 513484 59 41
Oct-15 369866 129274 519524 58 42
Oct-16 375386 13339 528236 58 43
Oct-17 383966 13761 539512 58 44
Oct-18 388114 141006 54398 57 45
Oct-19 39491 146666 547548 57 45
Oct-20 401666 150358 554624 56 46
Oct-21 406878 153806 560316 56 47
Oct-22 411594 157198 563256 55 48
Oct-23 414694 163434 566624 55 48
Oct-24 41811 168974 571808 54 49
Oct-25 424658 173138 577804 53 5
Oct-26 433038 178442 585308 52 51
Oct-27 442146 18707 5891 52 52
Oct-28 444998 192174 592184 51 52
Oct-29 447778 195098 59562 5 53
Oct-30 449114 202238 599922 49 54
Oct-31 453102 207962 606102 49 55
Nov-01 460738 21235 611414 48 55
Nov-02 46535 217874 616194 47 56
Nov-03 471222 224532 620408 47 57
Nov-04 47721 229184 626328 46 58
Nov-05 481826 236736 63376 46 59
Nov-06 490546 240048 643056 45 59
Nov-07 493758 244132 645724 45 6
Nov-08 49723 248816 650184 44 61
Nov-09 500526 255364 654412 44 61
Nov-10 505182 26546 65976 44 62
Nov-11 509178 271336 664348 44 62
Nov-12 513334 276676 66896 43 63
Nov-13 519854 282156 675124 43 64
Nov-14 52521 28843 678284 43 64
Nov-15 53069 292758 680652 43 65
Nov-16 533158 304166 684364 43 65
Nov-17 537386 30969 68864 44 66
Nov-18 54063 31615 693612 44 66
Nov-19 54451 320838 697756 44 66
Nov-20 548162 331762 699288 45 67
Nov-21 552446 337868 702032 45 68
Nov-22 556582 343624 703216 46 68
Nov-23 558166 35038 706056 46 68
Nov-24 561802 35358 710 47 68
Nov-25 568802 360124 716752 48 69
Nov-26 574546 364332 720672 48 69
Nov-27 57893 36952 724824 49 69
Nov-28 582814 377852 729172 5 69
Nov-29 58561 388264 730416 51 7
Nov-30 588422 396364 732412 52 7
Dec-01 591438 407728 735704 52 7
Dec-02 594274 414648 738192 53 7
Dec-03 597002 42232 740312 54 7
Dec-04 601042 427388 743156 55 7
Dec-05 605394 43246 750432 56 7
Dec-06 610078 438292 75839 56 7
Dec-07 617094 447072 763426 57 71
Dec-08 621458 45366 766248 57 71
Dec-09 623962 460588 7684 58 7
Dec-10 63095 46921 771594 59 7
Dec-11 635566 481482 775878 6 71
Dec-12 642502 48885 78275 6 71
Dec-13 649742 499602 78785 6 7
Dec-14 65815 509698 791862 61 71
Dec-15 662126 515178 797586 61 71
Dec-16 667966 522814 80215 61 71
Dec-17 673974 529578 810014 62 71
Dec-18 676898 537354 81391 62 71
Dec-19 680222 544574 815174 62 71
Dec-20 684598 55039 82225 62 71
Dec-21 689722 556622 82803 62 71
Dec-22 697602 560194 832886 62 71
Dec-23 70129 567118 838426 61 71
Dec-24 70669 573266 846136 61 71
Dec-25 708366 58053 848 61 72
Dec-26 710446 588766 852876 61 72
Dec-27 713818 595826 855604 6 72
Dec-28 71879 60375 860756 6 72
Dec-29 727414 610454 864652 6 72
Dec-30 733598 617218 871628 6 72
Dec-31 739248 626332 875934 59 73
Jan-01 743224 635558 87995 59 72
Jan-02 745184 64569 882542 58 73
Jan-03 749496 653898 885678 58 73
Jan-04 753786 664308 88883 58 73
Jan-05 758918 673588 893222 57 74
Jan-06 762998 685356 896982 57 74
Jan-07 766544 6916 901356 56 74
Jan-08 768952 700506 907956 56 75
Jan-09 77438 710522 913684 56 75
Jan-10 781904 718902 919052 55 75
Jan-11 788208 726078 925492 55 75
Jan-12 79456 735638 929744 55 76
Jan-13 800452 74447 93248 55 76
Jan-14 804716 753262 939044 54 76
Jan-15 810692 764854 947368 54 76
Jan-16 815796 773346 95577 54 77
Jan-17 82062 781266 96295 54 77
Jan-18 82456 788226 966778 54 77
Jan-19 829312 79381 969044 54 78
Jan-20 83652 800718 976852 54 78
Jan-21 840784 809782 980462 55 78
Jan-22 84686 815818 984158 55 79
Jan-23 852196 824174 988466 55 79
Jan-24 85726 831706 99199 55 79
Jan-25 866372 83847 100142 55 8
Jan-26 872064 846934 100761 55 8
Jan-27 878372 85433 101541 56 8
Jan-28 883588 85997 101846 56 8
Jan-29 889244 867398 102653 57 81
Jan-30 896468 876534 103566 57 81
Jan-31 90484 883646 10443 57 82
Feb-01 915208 891514 105294 58 82
Feb-02 921476 90037 106103 58 82
Feb-03 927964 909646 106442 59 82
Feb-04 93286 918026 107032 59 82
Feb-05 937408 928946 107763 59 82
Feb-06 94201 937412 108254 6 83
Feb-07 947086 952884 108552 6 83
Feb-08 952246 96228 109098 6 83
Feb-09 955886 968904 109558 6 83
Feb-10 96133 9754 110469 61 83
Feb-11 96697 981996 110991 6 83
Feb-12 969426 992592 111242 6 83
Feb-13 97417 999652 111567 6 83
Feb-14 980506 100768 112062 6 83
Feb-15 985954 101555 112725 6 83
Feb-16 99267 102422 1134 6 83
Feb-17 997258 103353 113994 6 83
Feb-18 100341 104026 114302 59 82
Feb-19 100826 104853 11448 59 82
Feb-20 10135 105757 115195 58 82
Feb-21 101997 106745 115619 58 82
Feb-22 102626 107418 115978 57 82
Feb-23 103088 108182 116461 56 82
Feb-24 103827 108792 117726 55 81
Feb-25 104473 10951 118573 55 81
Feb-26 104847 110097 119134 54 8
Feb-27 105214 110854 119655 53 8
Feb-28 105754 111584 119994 52 79
Mar-01 106131 112306 12051 51 79
Mar-02 106455 11297 12082 5 78
Mar-03 106966 113829 121208 49 78
Mar-04 107273 114705 121571 49 77
Mar-05 107551 115385 122014 48 77
Mar-06 107835 116451 122605 47 76
Mar-07 108221 117131 123162 46 76
Mar-08 108449 117625 123525 45 75
Mar-09 108706 118251 123844 45 75
Mar-10 109109 118828 124456 44 74
Mar-11 109385 119645 124956 43 73
Mar-12 109721 120487 125389 42 73
Mar-13 110119 121134 125913 42 72
Mar-14 110432 122035 126473 41 71
Mar-15 11068 122842 126772 41 7
Mar-16 110909 123543 127254 4 7
Mar-17 111538 124458 127636 4 68
Mar-18 112072 125557 128608 4 68
Mar-19 112325 126969 128885 39 67
Mar-20 112907 127667 129129 39 66
Mar-21 113171 128444 12943 39 65
Mar-22 113633 129037 129641 39 64
Mar-23 113946 129689 130187 38 63
Mar-24 114494 130371 130687 39 62
Mar-25 114798 13106 13116 39 61
Mar-26 115109 131501 131718 39 61
Mar-27 1155 132129 132139 39 6
Mar-28 115791 132728 132677 39 58
Mar-29 116153 133382 133207 39 58
Mar-30 116608 134038 133786 4 57
Mar-31 116879 134388 134263 4 56
Apr-01 117448 13481 135173 4 55
Apr-02 117731 135548 135867 4 54
Apr-03 117943 136158 136402 41 53
Apr-04 118451 136585 137352 41 52
Apr-05 118751 136883 137983 42 51
Apr-06 118931 137352 138669 42 5
Apr-07 119668 137681 139307 42 49
Apr-08 120095 137925 139919 43 48
Apr-09 120417 138207 140221 43 47
Apr-10 120927 138485 140749 44 46
Apr-11 121133 138983 141135 44 45
Apr-12 121383 139608 141819 44 44
Apr-13 122001 14036 142518 45 43
Apr-14 122484 140746 143004 45 42
Apr-15 123102 14132 143888 46 41
Apr-16 123593 141693 144598 46 4
Apr-17 124211 142326 14511 46 39
Apr-18 124985 142663 145816 46 38
Apr-19 125699 143123 146355 46 37
Apr-20 126363 143359 146813 47 36
Apr-21 126625 143631 14718 47 35
Apr-22 126848 143999 147422 47 35
Apr-23 127155 144221 14801 47 34
Apr-24 127786 144374 148823 47 33
Apr-25 128226 144671 149713 47 32
Apr-26 128702 144918 150257 47 31
Apr-27 128934 145129 150715 47 31
Apr-28 12922 145279 151235 47 3
Apr-29 129737 145416 151968 47 29
Apr-30 130073 145645 152481 47 28
May-01 130327 145749 152759 46 27
May-02 130623 145967 153177 46 27
May-03 131046 146091 153532 46 26
May-04 131572 14629 154097 46 25
May-05 131847 146391 154588 46 24
May-06 132538 146643 154808 45 24
May-07 132866 146852 155413 45 23
May-08 13334 146912 15599 45 22
May-09 133673 147045 156414 45 22
May-10 134007 147091 15677 45 21
May-11 134298 147144 157185 44 2
May-12 13464 147175 157683 44 2
May-13 135307 147252 158313 44 19
May-14 135985 147549 158803 44 19
May-15 13632 147685 15911 44 18
May-16 136885 147977 159807 44 17
May-17 137428 148068 160351 44 17
May-18 138029 148179 160972 43 16
May-19 138529 148214 161583 44 15
May-20 139212 148227 162319 44 15
May-21 140112 148465 163037 44 14
May-22 140769 148569 163618 44 14
May-23 141341 148687 164089 44 14
May-24 141704 148804 164369 44 13
May-25 142195 148864 164796 44 12
May-26 142465 148911 165278 44 12
May-27 142872 149025 166129 44 11
May-28 143259 149056 16711 44 11
May-29 143676 149113 167891 44 11
May-30 1442 149161 168626 44 11
May-31 144545 149393 169258 44 1
Jun-01 144785 149493 169409 44 1
Jun-02 144969 149569 169717 45 09
Jun-03 145211 149575 170452 44 09
Jun-04 145532 149647 170986 44 09
Jun-05 146458 14967 171959 45 08
Jun-06 147033 149791 172742 45 08
Jun-07 147535 149896 173169 45 08
Jun-08 147838 149911 173672 45 07
Jun-09 148111 149915 174203 45 07
Jun-10 148302 149975 174903 44 07
Jun-11 148548 149975 175279 44 07
Jun-12 148795 149975 175763 44 07
Jun-13 149169 149975 176279 44 07
Jun-14 149886 149981 176859 44 07
Jun-15 150168 150142 17703 44 06
Jun-16 150462 150186 177623 43 06
Jun-17 150731 15021 178343 43 06
Jun-18 151447 150243 178887 42 06
Jun-19 152109 150247 179668 42 06
Jun-20 152758 150287 179981 41 06
Jun-21 153139 150315 180324 41 06
Jun-22 153321 150421 180658 4 06
Jun-23 153536 150428 181094 4 05
Jun-24 154122 150543 181596 39 05
Jun-25 154487 15062 181875 38 06
Jun-26 154764 150696 182241 38 06
Jun-27 15517 150702 182588 37 06
Jun-28 155453 15071 182874 36 05
Jun-29 155786 150817 183159 36 05
Jun-30 15612 150901 183853 35 06
Jul-01 Jul-01
Jul-02 Jul-02
Jul-03 Jul-03
Jul-04 Jul-04
Jul-05 Jul-05
Jul-06 Jul-06
Jul-07 Jul-07
Jul-08 Jul-08
Jul-09 Jul-09
Jul-10 Jul-10
Jul-11 Jul-11
Jul-12 Jul-12
Jul-13 Jul-13
Jul-14 Jul-14
Jul-15 Jul-15
Jul-16 Jul-16
Jul-17 Jul-17
Jul-18 Jul-18
Jul-19 Jul-19
Jul-20 Jul-20
Jul-21 Jul-21
Jul-22 Jul-22
Jul-23 Jul-23
Jul-24 Jul-24
Jul-25 Jul-25
Jul-26 Jul-26
Jul-27 Jul-27
Jul-28 Jul-28
Jul-29 Jul-29
Jul-30 Jul-30
Jul-31 Jul-31
Aug-01 Aug-01
Aug-02 Aug-02
Aug-03 Aug-03
Aug-04 Aug-04
Aug-05 Aug-05
Aug-06 Aug-06
Aug-07 Aug-07
Aug-08 Aug-08
Aug-09 Aug-09
Aug-10 Aug-10
Aug-11 Aug-11
Aug-12 Aug-12
Aug-13 Aug-13
Aug-14 Aug-14
Aug-15 Aug-15
Aug-16 Aug-16
Aug-17 Aug-17
Aug-18 Aug-18
Aug-19 Aug-19
Aug-20 Aug-20
Aug-21 Aug-21
Aug-22 Aug-22
Aug-23 Aug-23
Aug-24 Aug-24
Aug-25 Aug-25
Aug-26 Aug-26
Aug-27 Aug-27
Aug-28 Aug-28
Aug-29 Aug-29
Aug-30 Aug-30
Aug-31 Aug-31
Sep-01 Sep-01
Sep-02 Sep-02
Sep-03 Sep-03
Sep-04 Sep-04
Sep-05 Sep-05
Sep-06 Sep-06
Sep-07 Sep-07
Sep-08 Sep-08
Sep-09 Sep-09
Sep-10 Sep-10
Sep-11 Sep-11
Sep-12 Sep-12
Sep-13 Sep-13
Sep-14 Sep-14
Sep-15 Sep-15
Sep-16 Sep-16
Sep-17 Sep-17
Sep-18 Sep-18
Sep-19 Sep-19
Sep-20 Sep-20
Sep-21 Sep-21
Sep-22 Sep-22
Sep-23 Sep-23
Sep-24 Sep-24
Sep-25 Sep-25
Sep-26 Sep-26
Sep-27 Sep-27
Sep-28 Sep-28
Sep-29 Sep-29
Sep-30 Sep-30
Oct-01 Oct-01
Oct-02 Oct-02
Oct-03 Oct-03
Oct-04 Oct-04
Oct-05 Oct-05
Oct-06 Oct-06
Oct-07 Oct-07
Oct-08 Oct-08
Oct-09 Oct-09
Oct-10 Oct-10
Oct-11 Oct-11
Oct-12 Oct-12
Oct-13 Oct-13
Oct-14 Oct-14
Oct-15 Oct-15
Oct-16 Oct-16
Oct-17 Oct-17
Oct-18 Oct-18
Oct-19 Oct-19
Oct-20 Oct-20
Oct-21 Oct-21
Oct-22 Oct-22
Oct-23 Oct-23
Oct-24 Oct-24
Oct-25 Oct-25
Oct-26 Oct-26
Oct-27 Oct-27
Oct-28 Oct-28
Oct-29 Oct-29
Oct-30 Oct-30
Oct-31 Oct-31
Nov-01 Nov-01
Nov-02 Nov-02
Nov-03 Nov-03
Nov-04 Nov-04
Nov-05 Nov-05
Nov-06 Nov-06
Nov-07 Nov-07
Nov-08 Nov-08
Nov-09 Nov-09
Nov-10 Nov-10
Nov-11 Nov-11
Nov-12 Nov-12
Nov-13 Nov-13
Nov-14 Nov-14
Nov-15 Nov-15
Nov-16 Nov-16
Nov-17 Nov-17
Nov-18 Nov-18
Nov-19 Nov-19
Nov-20 Nov-20
Nov-21 Nov-21
Nov-22 Nov-22
Nov-23 Nov-23
Nov-24 Nov-24
Nov-25 Nov-25
Nov-26 Nov-26
Nov-27 Nov-27
Nov-28 Nov-28
Nov-29 Nov-29
Nov-30 Nov-30
Dec-01 Dec-01
Dec-02 Dec-02
Dec-03 Dec-03
Dec-04 Dec-04
Dec-05 Dec-05
Dec-06 Dec-06
Dec-07 Dec-07
Dec-08 Dec-08
Dec-09 Dec-09
Dec-10 Dec-10
Dec-11 Dec-11
Dec-12 Dec-12
Dec-13 Dec-13
Dec-14 Dec-14
Dec-15 Dec-15
Dec-16 Dec-16
Dec-17 Dec-17
Dec-18 Dec-18
Dec-19 Dec-19
Dec-20 Dec-20
Dec-21 Dec-21
Dec-22 Dec-22
Dec-23 Dec-23
Dec-24 Dec-24
Dec-25 Dec-25
Dec-26 Dec-26
Dec-27 Dec-27
Dec-28 Dec-28
Dec-29 Dec-29
Dec-30 Dec-30
Dec-31 Dec-31
Jan-01 Jan-01
Jan-02 Jan-02
Jan-03 Jan-03
Jan-04 Jan-04
Jan-05 Jan-05
Jan-06 Jan-06
Jan-07 Jan-07
Jan-08 Jan-08
Jan-09 Jan-09
Jan-10 Jan-10
Jan-11 Jan-11
Jan-12 Jan-12
Jan-13 Jan-13
Jan-14 Jan-14
Jan-15 Jan-15
Jan-16 Jan-16
Jan-17 Jan-17
Jan-18 Jan-18
Jan-19 Jan-19
Jan-20 Jan-20
Jan-21 Jan-21
Jan-22 Jan-22
Jan-23 Jan-23
Jan-24 Jan-24
Jan-25 Jan-25
Jan-26 Jan-26
Jan-27 Jan-27
Jan-28 Jan-28
Jan-29 Jan-29
Jan-30 Jan-30
Jan-31 Jan-31
Feb-01 Feb-01
Feb-02 Feb-02
Feb-03 Feb-03
Feb-04 Feb-04
Feb-05 Feb-05
Feb-06 Feb-06
Feb-07 Feb-07
Feb-08 Feb-08
Feb-09 Feb-09
Feb-10 Feb-10
Feb-11 Feb-11
Feb-12 Feb-12
Feb-13 Feb-13
Feb-14 Feb-14
Feb-15 Feb-15
Feb-16 Feb-16
Feb-17 Feb-17
Feb-18 Feb-18
Feb-19 Feb-19
Feb-20 Feb-20
Feb-21 Feb-21
Feb-22 Feb-22
Feb-23 Feb-23
Feb-24 Feb-24
Feb-25 Feb-25
Feb-26 Feb-26
Feb-27 Feb-27
Feb-28 Feb-28
Mar-01 Mar-01
Mar-02 Mar-02
Mar-03 Mar-03
Mar-04 Mar-04
Mar-05 Mar-05
Mar-06 Mar-06
Mar-07 Mar-07
Mar-08 Mar-08
Mar-09 Mar-09
Mar-10 Mar-10
Mar-11 Mar-11
Mar-12 Mar-12
Mar-13 Mar-13
Mar-14 Mar-14
Mar-15 Mar-15
Mar-16 Mar-16
Mar-17 Mar-17
Mar-18 Mar-18
Mar-19 Mar-19
Mar-20 Mar-20
Mar-21 Mar-21
Mar-22 Mar-22
Mar-23 Mar-23
Mar-24 Mar-24
Mar-25 Mar-25
Mar-26 Mar-26
Mar-27 Mar-27
Mar-28 Mar-28
Mar-29 Mar-29
Mar-30 Mar-30
Mar-31 Mar-31
Apr-01 Apr-01
Apr-02 Apr-02
Apr-03 Apr-03
Apr-04 Apr-04
Apr-05 Apr-05
Apr-06 Apr-06
Apr-07 Apr-07
Apr-08 Apr-08
Apr-09 Apr-09
Apr-10 Apr-10
Apr-11 Apr-11
Apr-12 Apr-12
Apr-13 Apr-13
Apr-14 Apr-14
Apr-15 Apr-15
Apr-16 Apr-16
Apr-17 Apr-17
Apr-18 Apr-18
Apr-19 Apr-19
Apr-20 Apr-20
Apr-21 Apr-21
Apr-22 Apr-22
Apr-23 Apr-23
Apr-24 Apr-24
Apr-25 Apr-25
Apr-26 Apr-26
Apr-27 Apr-27
Apr-28 Apr-28
Apr-29 Apr-29
Apr-30 Apr-30
May-01 May-01
May-02 May-02
May-03 May-03
May-04 May-04
May-05 May-05
May-06 May-06
May-07 May-07
May-08 May-08
May-09 May-09
May-10 May-10
May-11 May-11
May-12 May-12
May-13 May-13
May-14 May-14
May-15 May-15
May-16 May-16
May-17 May-17
May-18 May-18
May-19 May-19
May-20 May-20
May-21 May-21
May-22 May-22
May-23 May-23
May-24 May-24
May-25 May-25
May-26 May-26
May-27 May-27
May-28 May-28
May-29 May-29
May-30 May-30
May-31 May-31
Jun-01 Jun-01
Jun-02 Jun-02
Jun-03 Jun-03
Jun-04 Jun-04
Jun-05 Jun-05
Jun-06 Jun-06
Jun-07 Jun-07
Jun-08 Jun-08
Jun-09 Jun-09
Jun-10 Jun-10
Jun-11 Jun-11
Jun-12 Jun-12
Jun-13 Jun-13
Jun-14 Jun-14
Jun-15 Jun-15
Jun-16 Jun-16
Jun-17 Jun-17
Jun-18 Jun-18
Jun-19 Jun-19
Jun-20 Jun-20
Jun-21 Jun-21
Jun-22 Jun-22
Jun-23 Jun-23
Jun-24 Jun-24
Jun-25 Jun-25
Jun-26 Jun-26
Jun-27 Jun-27
Jun-28 Jun-28
Jun-29 Jun-29
Jun-30 Jun-30
Page 3: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

World Wheat Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 7631 7330 -17 -301United States 474 513 -- 39

Foreign 7157 6817 -17 -340Argentina 185 195 03 10Canada 300 318 -- 18Australia 213 173 03 -40European Union 1513 1376 -- -137Turkey 210 190 -- -20Russia 850 717 01 -133Ukraine 270 250 -- -20Kazakhstan 148 139 -11 -09China 1343 1314 -- -29India 985 997 -- 12Northwest Africa 106 124 -02 18

-- No change

---------------- Million Tons ----------------

World Wheat Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 2609 2796 -04 187Production 7631 7330 -17 -301Total Supply 10240 10126 -21 -114

Feed use 1479 1421 -11 -58Total use 7444 7421 -51 -23

Trade 1812 1789 02 -23Ending Stocks 2796 2705 30 -91

---------------- Million Tons ----------------

US Wheat Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 461 478 -- 17Harvested area (million acres) 376 396 -- 21Yield (bushels per acre) 464 476 -- 12

------------ Million bushels ------------Beginning stocks 1181 1099 -- -82Production 1741 1884 -- 144Imports 157 145 5 -12Total supply 3079 3128 5 49

Food use 964 965 -5 1Seed 63 63 -- 0Feed and residual 51 80 -- 29Domestic use 1079 1108 -5 29

Exports 901 965 -35 64Total use 1980 2073 -40 93

Ending stocks 1099 1055 45 -44----------------- Percent -----------------

Stocks to use ratio 555 509 31 -46

Average market price 472 510520 -- 043-- No change

------------ Dollars per bushel ------------

World Rice Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 4954 5016 57 62United States 57 71 -- 15

Foreign 4897 4944 57 47Argentina 09 08 -- -01Brazil 82 75 -03 -07Egypt 43 28 -- -15Australia 045 008 -038Bangladesh 327 350 05 24Burma 132 131 -- -01Cambodia 54 55 -- 01China 1489 1485 -- -04India 1129 1160 50 31Indonesia 370 373 -- 03Japan 78 77 -- -01Sri Lanka 22 26 -- 04Pakistan 75 75 01 01Philippines 122 122 -- -01Thailand 204 207 -- 03Vietnam 285 291 -- 06

-- No change Rounds to zero

---------------- Million Tons ----------------

Roughly 60 irrigated

March 8 2019

March 8 2019

India 201819 Rice Production

106646

105482

104408

109698

11291

116

98

100

102

104

106

108

110

112

114

116

118

2013 2014 2015 2016 2017 2018f

Prod

uctio

n (m

mt)

March 8 2019

World Rice Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 1500 1626 06 126Production 4954 5016 57 62Total Supply 6453 6642 63 188Total use 4827 4920 17 92

Trade 471 474 -04 02Ending Stocks 1626 1722 46 96

---------------- Million Tons ----------------

US Rice Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 246 295 -- 048Harvested area (million acres) 237 292 -- 054Yield (pounds per acre) 7507 7692 -- 185

------------ Million cwt ------------Beginning stocks 460 294 -- -167Production 1782 2242 -- 460Imports 269 290 05 21Total supply 2512 2826 05 314

Domestic use 1348 1350 -- 02Exports 870 980 -20 110Total use 2218 2330 -20 112

Ending stocks 294 496 25 202----------------- Percent -----------------

Stocks to use ratio 132 213 12 80

Average market price 1290 11701270 010 -070-- No change

------------ Dollars per cwt ------------

World Corn Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 10762 11012 16 249United States 3711 3663 -- -48

Foreign 7051 7349 16 297Argentina 320 460 -- 140Brazil 820 945 -- 125Mexico 275 256 -- -19Canada 141 139 -- -02European Union 621 609 02 -12Serbia 40 70 -- 30FSU-12 422 521 03 99Ukraine 241 355 -- 114Russia 132 114 02 -18

South Africa 131 110 -05 -21China 2591 2573 -- -17India 287 278 18 -09

-- No change

---------------- Million Tons ----------------

Brazil Corn (Second Crop)

Major

Corn ProductionAverage (2011-13)

IntensityProductionMinor

Source IBGEAgricultural Weather AssessmentsWorld Agricultural Outlook Board

Rio Grandedo Sul

SantaCatarina

Mato GrossoBahia

Mato Grossodo Sul

Parana

SaoPaulo

MinasGerais

Goias

Tocantins

Maranhao

Piaui

a ndash Cearab ndash Rio Grande do Nortec ndash Paraibad ndash Pernambucoe ndash Alagoasf ndash Sergipeh ndash Espirito Santoi ndash Rio de Janeiro

abc

de

f

h

i

Para

Amazonas

Rondonia

Roraima

Amapa

Acre

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2nd Corn crop calendar for most of Center-South Brazil

Plant

Harvest

Source IBGE Brazil

State-Level Production(as of total)

Mato GrossoParanaMato Grosso do SulGoiasSao PauloMinas GeraisSergipeBahiaMaranhaoRondoniaOther States

39251512

311111

~1

2011 to 2013 Average

March 8 2019

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

Mato Grosso corn is the record earliest planted 96 of 2nd-crop corn has been planted

Rapid soybean harvest allowed for early planting of corn in Mato Grosso

Mato Grosso CornPercent Planted

Source Safras e MercadoPeriod Ending (Approximate Date)

Source IMEA Source IMEA

Perc

ent

Perc

ent

Period Ending (Approximate Date)

Mato Grosso SoybeansPercent Harvested

March 8 2019

Brazil Normal Daily Rainfall (mm)

0123456789

Jul

-01

Jul

-23

Aug

-14

Sep

-05

Sep

-27

Oct

-19

Nov

-10

Dec

-02

Dec

-24

Jan

-15

Feb

-06

Feb

-28

Mar

-22

Apr

-13

May

-05

May

-27

Jun

-18

Parana MT

Early March

Mato Grosso

Parana

Agricultural Weather AssessmentsWorld Agricultural Outlook Board March 8 2019

Chart4

Parana
MT
Brazil Normal Daily Rainfall (mm)
34
05
33
05
33
05
32
05
31
06
3
05
3
05
29
05
28
05
28
05
27
05
27
05
26
05
25
05
25
05
24
05
24
05
24
05
23
05
23
05
23
05
23
05
23
05
22
05
22
05
22
05
22
05
22
05
22
05
22
05
23
05
23
05
23
05
23
05
23
06
23
06
24
05
24
05
24
05
24
06
25
06
25
06
25
06
25
06
26
07
26
07
27
08
27
08
27
08
28
08
28
09
28
09
29
09
29
1
29
1
3
11
3
11
3
12
31
12
31
13
32
13
32
13
33
14
33
14
34
15
34
16
35
16
36
17
37
17
37
18
38
18
39
19
39
2
4
2
41
21
42
22
43
22
44
22
45
23
46
24
47
24
48
25
48
26
49
26
5
27
51
28
52
28
53
29
53
29
54
3
55
31
56
31
56
32
57
33
57
33
58
34
58
35
58
36
59
36
59
37
59
38
59
38
59
39
59
4
59
41
59
41
58
42
58
43
58
44
57
45
57
45
56
46
56
47
55
48
55
48
54
49
53
5
52
51
52
52
51
52
5
53
49
54
49
55
48
55
47
56
47
57
46
58
46
59
45
59
45
6
44
61
44
61
44
62
44
62
43
63
43
64
43
64
43
65
43
65
44
66
44
66
44
66
45
67
45
68
46
68
46
68
47
68
48
69
48
69
49
69
5
69
51
7
52
7
52
7
53
7
54
7
55
7
56
7
56
7
57
71
57
71
58
7
59
7
6
71
6
71
6
7
61
71
61
71
61
71
62
71
62
71
62
71
62
71
62
71
62
71
61
71
61
71
61
72
61
72
6
72
6
72
6
72
6
72
59
73
59
72
58
73
58
73
58
73
57
74
57
74
56
74
56
75
56
75
55
75
55
75
55
76
55
76
54
76
54
76
54
77
54
77
54
77
54
78
54
78
55
78
55
79
55
79
55
79
55
8
55
8
56
8
56
8
57
81
57
81
57
82
58
82
58
82
59
82
59
82
59
82
6
83
6
83
6
83
6
83
61
83
6
83
6
83
6
83
6
83
6
83
6
83
6
83
59
82
59
82
58
82
58
82
57
82
56
82
55
81
55
81
54
8
53
8
52
79
51
79
5
78
49
78
49
77
48
77
47
76
46
76
45
75
45
75
44
74
43
73
42
73
42
72
41
71
41
7
4
7
4
68
4
68
39
67
39
66
39
65
39
64
38
63
39
62
39
61
39
61
39
6
39
58
39
58
4
57
4
56
4
55
4
54
41
53
41
52
42
51
42
5
42
49
43
48
43
47
44
46
44
45
44
44
45
43
45
42
46
41
46
4
46
39
46
38
46
37
47
36
47
35
47
35
47
34
47
33
47
32
47
31
47
31
47
3
47
29
47
28
46
27
46
27
46
26
46
25
46
24
45
24
45
23
45
22
45
22
45
21
44
2
44
2
44
19
44
19
44
18
44
17
44
17
43
16
44
15
44
15
44
14
44
14
44
14
44
13
44
12
44
12
44
11
44
11
44
11
44
11
44
1
44
1
45
09
44
09
44
09
45
08
45
08
45
08
45
07
45
07
44
07
44
07
44
07
44
07
44
07
44
06
43
06
43
06
42
06
42
06
41
06
41
06
4
06
4
05
39
05
38
06
38
06
37
06
36
05
36
05
35
06

Rainfall normals

Rainfall normals

Parana
MT
Brazil Normal Daily Rainfall (mm)

Sheet2

Sheet3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Cumulative Daily
Parana MT RGDS Parana MT
Jul-01 2764 0 7088 34 05
Jul-02 5128 0 12232 33 05
Jul-03 86 0952 18532 33 05
Jul-04 11196 2116 21512 32 05
Jul-05 12908 214 25204 31 06
Jul-06 15308 246 31972 3 05
Jul-07 19736 246 38674 3 05
Jul-08 23852 2464 4448 29 05
Jul-09 29252 3412 5054 28 05
Jul-10 32968 3748 55088 28 05
Jul-11 352 384 60272 27 05
Jul-12 37316 392 61724 27 05
Jul-13 38576 3932 62328 26 05
Jul-14 38684 396 63566 25 05
Jul-15 39676 3976 66248 25 05
Jul-16 44864 3976 72016 24 05
Jul-17 4847 3976 76014 24 05
Jul-18 5265 4128 80946 24 05
Jul-19 56222 4228 86874 23 05
Jul-20 58754 456 92074 23 05
Jul-21 62098 4616 95112 23 05
Jul-22 63482 47 98508 23 05
Jul-23 66322 6736 10102 23 05
Jul-24 66826 6868 102116 22 05
Jul-25 68194 7008 104668 22 05
Jul-26 69974 7432 10911 22 05
Jul-27 72834 7488 113962 22 05
Jul-28 75074 7568 118294 22 05
Jul-29 76562 7608 124178 22 05
Jul-30 78202 7628 129238 22 05
Jul-31 80654 8448 135082 23 05
Aug-01 84138 9236 140582 23 05
Aug-02 86938 9384 144806 23 05
Aug-03 88686 9452 150098 23 05
Aug-04 90358 996 155774 23 06
Aug-05 92794 11416 158934 23 06
Aug-06 9575 12692 162478 24 05
Aug-07 98422 127 167014 24 05
Aug-08 100086 12704 170066 24 05
Aug-09 102978 12704 177274 24 06
Aug-10 105066 1304 180992 25 06
Aug-11 106538 1312 18366 25 06
Aug-12 108098 13508 185076 25 06
Aug-13 108986 13644 186364 25 06
Aug-14 111482 13908 18984 26 07
Aug-15 11377 15204 195176 26 07
Aug-16 117674 1592 201236 27 08
Aug-17 11985 1596 20416 27 08
Aug-18 123498 16052 208836 27 08
Aug-19 12841 1614 211548 28 08
Aug-20 13183 16564 21698 28 09
Aug-21 135826 17052 221748 28 09
Aug-22 138234 17196 223168 29 09
Aug-23 139438 18948 225216 29 1
Aug-24 14061 19588 228608 29 1
Aug-25 143082 21084 231288 3 11
Aug-26 144454 22012 235172 3 11
Aug-27 149278 22012 238864 3 12
Aug-28 15179 22856 24076 31 12
Aug-29 153774 24556 243712 31 13
Aug-30 154746 25356 246228 32 13
Aug-31 158766 26432 251112 32 13
Sep-01 161398 28168 255196 33 14
Sep-02 16531 30132 257996 33 14
Sep-03 167078 30308 259736 34 15
Sep-04 17003 30388 263592 34 16
Sep-05 173546 30768 26666 35 16
Sep-06 175398 3148 268684 36 17
Sep-07 181814 3268 272 37 17
Sep-08 187614 36846 277494 37 18
Sep-09 191406 38834 281182 38 18
Sep-10 192502 4009 284174 39 19
Sep-11 193486 41462 292254 39 2
Sep-12 199146 42282 302174 4 2
Sep-13 205058 44022 308424 41 21
Sep-14 211134 45642 31666 42 22
Sep-15 218042 4695 325528 43 22
Sep-16 221954 49078 330032 44 22
Sep-17 224018 49926 332248 45 23
Sep-18 228086 50494 340216 46 24
Sep-19 232194 53954 34878 47 24
Sep-20 23891 54818 355518 48 25
Sep-21 240914 56926 361376 48 26
Sep-22 244254 58866 365848 49 26
Sep-23 248926 60538 37564 5 27
Sep-24 256398 6307 389776 51 28
Sep-25 26425 65454 395308 52 28
Sep-26 268946 69902 40004 53 29
Sep-27 27237 70662 4038 53 29
Sep-28 277442 72082 407884 54 3
Sep-29 284522 76594 413128 55 31
Sep-30 290042 81582 418636 56 31
Oct-01 299106 84374 427364 56 32
Oct-02 305186 8773 431952 57 33
Oct-03 308186 89546 436956 57 33
Oct-04 31191 94862 442232 58 34
Oct-05 315982 9665 452052 58 35
Oct-06 322018 100354 4593 58 36
Oct-07 32445 103338 461674 59 36
Oct-08 330414 10633 46959 59 37
Oct-09 33641 10839 478896 59 38
Oct-10 342482 112878 4864 59 38
Oct-11 349454 115038 49178 59 39
Oct-12 35571 11893 498376 59 4
Oct-13 362234 123062 50792 59 41
Oct-14 367638 126802 513484 59 41
Oct-15 369866 129274 519524 58 42
Oct-16 375386 13339 528236 58 43
Oct-17 383966 13761 539512 58 44
Oct-18 388114 141006 54398 57 45
Oct-19 39491 146666 547548 57 45
Oct-20 401666 150358 554624 56 46
Oct-21 406878 153806 560316 56 47
Oct-22 411594 157198 563256 55 48
Oct-23 414694 163434 566624 55 48
Oct-24 41811 168974 571808 54 49
Oct-25 424658 173138 577804 53 5
Oct-26 433038 178442 585308 52 51
Oct-27 442146 18707 5891 52 52
Oct-28 444998 192174 592184 51 52
Oct-29 447778 195098 59562 5 53
Oct-30 449114 202238 599922 49 54
Oct-31 453102 207962 606102 49 55
Nov-01 460738 21235 611414 48 55
Nov-02 46535 217874 616194 47 56
Nov-03 471222 224532 620408 47 57
Nov-04 47721 229184 626328 46 58
Nov-05 481826 236736 63376 46 59
Nov-06 490546 240048 643056 45 59
Nov-07 493758 244132 645724 45 6
Nov-08 49723 248816 650184 44 61
Nov-09 500526 255364 654412 44 61
Nov-10 505182 26546 65976 44 62
Nov-11 509178 271336 664348 44 62
Nov-12 513334 276676 66896 43 63
Nov-13 519854 282156 675124 43 64
Nov-14 52521 28843 678284 43 64
Nov-15 53069 292758 680652 43 65
Nov-16 533158 304166 684364 43 65
Nov-17 537386 30969 68864 44 66
Nov-18 54063 31615 693612 44 66
Nov-19 54451 320838 697756 44 66
Nov-20 548162 331762 699288 45 67
Nov-21 552446 337868 702032 45 68
Nov-22 556582 343624 703216 46 68
Nov-23 558166 35038 706056 46 68
Nov-24 561802 35358 710 47 68
Nov-25 568802 360124 716752 48 69
Nov-26 574546 364332 720672 48 69
Nov-27 57893 36952 724824 49 69
Nov-28 582814 377852 729172 5 69
Nov-29 58561 388264 730416 51 7
Nov-30 588422 396364 732412 52 7
Dec-01 591438 407728 735704 52 7
Dec-02 594274 414648 738192 53 7
Dec-03 597002 42232 740312 54 7
Dec-04 601042 427388 743156 55 7
Dec-05 605394 43246 750432 56 7
Dec-06 610078 438292 75839 56 7
Dec-07 617094 447072 763426 57 71
Dec-08 621458 45366 766248 57 71
Dec-09 623962 460588 7684 58 7
Dec-10 63095 46921 771594 59 7
Dec-11 635566 481482 775878 6 71
Dec-12 642502 48885 78275 6 71
Dec-13 649742 499602 78785 6 7
Dec-14 65815 509698 791862 61 71
Dec-15 662126 515178 797586 61 71
Dec-16 667966 522814 80215 61 71
Dec-17 673974 529578 810014 62 71
Dec-18 676898 537354 81391 62 71
Dec-19 680222 544574 815174 62 71
Dec-20 684598 55039 82225 62 71
Dec-21 689722 556622 82803 62 71
Dec-22 697602 560194 832886 62 71
Dec-23 70129 567118 838426 61 71
Dec-24 70669 573266 846136 61 71
Dec-25 708366 58053 848 61 72
Dec-26 710446 588766 852876 61 72
Dec-27 713818 595826 855604 6 72
Dec-28 71879 60375 860756 6 72
Dec-29 727414 610454 864652 6 72
Dec-30 733598 617218 871628 6 72
Dec-31 739248 626332 875934 59 73
Jan-01 743224 635558 87995 59 72
Jan-02 745184 64569 882542 58 73
Jan-03 749496 653898 885678 58 73
Jan-04 753786 664308 88883 58 73
Jan-05 758918 673588 893222 57 74
Jan-06 762998 685356 896982 57 74
Jan-07 766544 6916 901356 56 74
Jan-08 768952 700506 907956 56 75
Jan-09 77438 710522 913684 56 75
Jan-10 781904 718902 919052 55 75
Jan-11 788208 726078 925492 55 75
Jan-12 79456 735638 929744 55 76
Jan-13 800452 74447 93248 55 76
Jan-14 804716 753262 939044 54 76
Jan-15 810692 764854 947368 54 76
Jan-16 815796 773346 95577 54 77
Jan-17 82062 781266 96295 54 77
Jan-18 82456 788226 966778 54 77
Jan-19 829312 79381 969044 54 78
Jan-20 83652 800718 976852 54 78
Jan-21 840784 809782 980462 55 78
Jan-22 84686 815818 984158 55 79
Jan-23 852196 824174 988466 55 79
Jan-24 85726 831706 99199 55 79
Jan-25 866372 83847 100142 55 8
Jan-26 872064 846934 100761 55 8
Jan-27 878372 85433 101541 56 8
Jan-28 883588 85997 101846 56 8
Jan-29 889244 867398 102653 57 81
Jan-30 896468 876534 103566 57 81
Jan-31 90484 883646 10443 57 82
Feb-01 915208 891514 105294 58 82
Feb-02 921476 90037 106103 58 82
Feb-03 927964 909646 106442 59 82
Feb-04 93286 918026 107032 59 82
Feb-05 937408 928946 107763 59 82
Feb-06 94201 937412 108254 6 83
Feb-07 947086 952884 108552 6 83
Feb-08 952246 96228 109098 6 83
Feb-09 955886 968904 109558 6 83
Feb-10 96133 9754 110469 61 83
Feb-11 96697 981996 110991 6 83
Feb-12 969426 992592 111242 6 83
Feb-13 97417 999652 111567 6 83
Feb-14 980506 100768 112062 6 83
Feb-15 985954 101555 112725 6 83
Feb-16 99267 102422 1134 6 83
Feb-17 997258 103353 113994 6 83
Feb-18 100341 104026 114302 59 82
Feb-19 100826 104853 11448 59 82
Feb-20 10135 105757 115195 58 82
Feb-21 101997 106745 115619 58 82
Feb-22 102626 107418 115978 57 82
Feb-23 103088 108182 116461 56 82
Feb-24 103827 108792 117726 55 81
Feb-25 104473 10951 118573 55 81
Feb-26 104847 110097 119134 54 8
Feb-27 105214 110854 119655 53 8
Feb-28 105754 111584 119994 52 79
Mar-01 106131 112306 12051 51 79
Mar-02 106455 11297 12082 5 78
Mar-03 106966 113829 121208 49 78
Mar-04 107273 114705 121571 49 77
Mar-05 107551 115385 122014 48 77
Mar-06 107835 116451 122605 47 76
Mar-07 108221 117131 123162 46 76
Mar-08 108449 117625 123525 45 75
Mar-09 108706 118251 123844 45 75
Mar-10 109109 118828 124456 44 74
Mar-11 109385 119645 124956 43 73
Mar-12 109721 120487 125389 42 73
Mar-13 110119 121134 125913 42 72
Mar-14 110432 122035 126473 41 71
Mar-15 11068 122842 126772 41 7
Mar-16 110909 123543 127254 4 7
Mar-17 111538 124458 127636 4 68
Mar-18 112072 125557 128608 4 68
Mar-19 112325 126969 128885 39 67
Mar-20 112907 127667 129129 39 66
Mar-21 113171 128444 12943 39 65
Mar-22 113633 129037 129641 39 64
Mar-23 113946 129689 130187 38 63
Mar-24 114494 130371 130687 39 62
Mar-25 114798 13106 13116 39 61
Mar-26 115109 131501 131718 39 61
Mar-27 1155 132129 132139 39 6
Mar-28 115791 132728 132677 39 58
Mar-29 116153 133382 133207 39 58
Mar-30 116608 134038 133786 4 57
Mar-31 116879 134388 134263 4 56
Apr-01 117448 13481 135173 4 55
Apr-02 117731 135548 135867 4 54
Apr-03 117943 136158 136402 41 53
Apr-04 118451 136585 137352 41 52
Apr-05 118751 136883 137983 42 51
Apr-06 118931 137352 138669 42 5
Apr-07 119668 137681 139307 42 49
Apr-08 120095 137925 139919 43 48
Apr-09 120417 138207 140221 43 47
Apr-10 120927 138485 140749 44 46
Apr-11 121133 138983 141135 44 45
Apr-12 121383 139608 141819 44 44
Apr-13 122001 14036 142518 45 43
Apr-14 122484 140746 143004 45 42
Apr-15 123102 14132 143888 46 41
Apr-16 123593 141693 144598 46 4
Apr-17 124211 142326 14511 46 39
Apr-18 124985 142663 145816 46 38
Apr-19 125699 143123 146355 46 37
Apr-20 126363 143359 146813 47 36
Apr-21 126625 143631 14718 47 35
Apr-22 126848 143999 147422 47 35
Apr-23 127155 144221 14801 47 34
Apr-24 127786 144374 148823 47 33
Apr-25 128226 144671 149713 47 32
Apr-26 128702 144918 150257 47 31
Apr-27 128934 145129 150715 47 31
Apr-28 12922 145279 151235 47 3
Apr-29 129737 145416 151968 47 29
Apr-30 130073 145645 152481 47 28
May-01 130327 145749 152759 46 27
May-02 130623 145967 153177 46 27
May-03 131046 146091 153532 46 26
May-04 131572 14629 154097 46 25
May-05 131847 146391 154588 46 24
May-06 132538 146643 154808 45 24
May-07 132866 146852 155413 45 23
May-08 13334 146912 15599 45 22
May-09 133673 147045 156414 45 22
May-10 134007 147091 15677 45 21
May-11 134298 147144 157185 44 2
May-12 13464 147175 157683 44 2
May-13 135307 147252 158313 44 19
May-14 135985 147549 158803 44 19
May-15 13632 147685 15911 44 18
May-16 136885 147977 159807 44 17
May-17 137428 148068 160351 44 17
May-18 138029 148179 160972 43 16
May-19 138529 148214 161583 44 15
May-20 139212 148227 162319 44 15
May-21 140112 148465 163037 44 14
May-22 140769 148569 163618 44 14
May-23 141341 148687 164089 44 14
May-24 141704 148804 164369 44 13
May-25 142195 148864 164796 44 12
May-26 142465 148911 165278 44 12
May-27 142872 149025 166129 44 11
May-28 143259 149056 16711 44 11
May-29 143676 149113 167891 44 11
May-30 1442 149161 168626 44 11
May-31 144545 149393 169258 44 1
Jun-01 144785 149493 169409 44 1
Jun-02 144969 149569 169717 45 09
Jun-03 145211 149575 170452 44 09
Jun-04 145532 149647 170986 44 09
Jun-05 146458 14967 171959 45 08
Jun-06 147033 149791 172742 45 08
Jun-07 147535 149896 173169 45 08
Jun-08 147838 149911 173672 45 07
Jun-09 148111 149915 174203 45 07
Jun-10 148302 149975 174903 44 07
Jun-11 148548 149975 175279 44 07
Jun-12 148795 149975 175763 44 07
Jun-13 149169 149975 176279 44 07
Jun-14 149886 149981 176859 44 07
Jun-15 150168 150142 17703 44 06
Jun-16 150462 150186 177623 43 06
Jun-17 150731 15021 178343 43 06
Jun-18 151447 150243 178887 42 06
Jun-19 152109 150247 179668 42 06
Jun-20 152758 150287 179981 41 06
Jun-21 153139 150315 180324 41 06
Jun-22 153321 150421 180658 4 06
Jun-23 153536 150428 181094 4 05
Jun-24 154122 150543 181596 39 05
Jun-25 154487 15062 181875 38 06
Jun-26 154764 150696 182241 38 06
Jun-27 15517 150702 182588 37 06
Jun-28 155453 15071 182874 36 05
Jun-29 155786 150817 183159 36 05
Jun-30 15612 150901 183853 35 06
Jul-01 Jul-01
Jul-02 Jul-02
Jul-03 Jul-03
Jul-04 Jul-04
Jul-05 Jul-05
Jul-06 Jul-06
Jul-07 Jul-07
Jul-08 Jul-08
Jul-09 Jul-09
Jul-10 Jul-10
Jul-11 Jul-11
Jul-12 Jul-12
Jul-13 Jul-13
Jul-14 Jul-14
Jul-15 Jul-15
Jul-16 Jul-16
Jul-17 Jul-17
Jul-18 Jul-18
Jul-19 Jul-19
Jul-20 Jul-20
Jul-21 Jul-21
Jul-22 Jul-22
Jul-23 Jul-23
Jul-24 Jul-24
Jul-25 Jul-25
Jul-26 Jul-26
Jul-27 Jul-27
Jul-28 Jul-28
Jul-29 Jul-29
Jul-30 Jul-30
Jul-31 Jul-31
Aug-01 Aug-01
Aug-02 Aug-02
Aug-03 Aug-03
Aug-04 Aug-04
Aug-05 Aug-05
Aug-06 Aug-06
Aug-07 Aug-07
Aug-08 Aug-08
Aug-09 Aug-09
Aug-10 Aug-10
Aug-11 Aug-11
Aug-12 Aug-12
Aug-13 Aug-13
Aug-14 Aug-14
Aug-15 Aug-15
Aug-16 Aug-16
Aug-17 Aug-17
Aug-18 Aug-18
Aug-19 Aug-19
Aug-20 Aug-20
Aug-21 Aug-21
Aug-22 Aug-22
Aug-23 Aug-23
Aug-24 Aug-24
Aug-25 Aug-25
Aug-26 Aug-26
Aug-27 Aug-27
Aug-28 Aug-28
Aug-29 Aug-29
Aug-30 Aug-30
Aug-31 Aug-31
Sep-01 Sep-01
Sep-02 Sep-02
Sep-03 Sep-03
Sep-04 Sep-04
Sep-05 Sep-05
Sep-06 Sep-06
Sep-07 Sep-07
Sep-08 Sep-08
Sep-09 Sep-09
Sep-10 Sep-10
Sep-11 Sep-11
Sep-12 Sep-12
Sep-13 Sep-13
Sep-14 Sep-14
Sep-15 Sep-15
Sep-16 Sep-16
Sep-17 Sep-17
Sep-18 Sep-18
Sep-19 Sep-19
Sep-20 Sep-20
Sep-21 Sep-21
Sep-22 Sep-22
Sep-23 Sep-23
Sep-24 Sep-24
Sep-25 Sep-25
Sep-26 Sep-26
Sep-27 Sep-27
Sep-28 Sep-28
Sep-29 Sep-29
Sep-30 Sep-30
Oct-01 Oct-01
Oct-02 Oct-02
Oct-03 Oct-03
Oct-04 Oct-04
Oct-05 Oct-05
Oct-06 Oct-06
Oct-07 Oct-07
Oct-08 Oct-08
Oct-09 Oct-09
Oct-10 Oct-10
Oct-11 Oct-11
Oct-12 Oct-12
Oct-13 Oct-13
Oct-14 Oct-14
Oct-15 Oct-15
Oct-16 Oct-16
Oct-17 Oct-17
Oct-18 Oct-18
Oct-19 Oct-19
Oct-20 Oct-20
Oct-21 Oct-21
Oct-22 Oct-22
Oct-23 Oct-23
Oct-24 Oct-24
Oct-25 Oct-25
Oct-26 Oct-26
Oct-27 Oct-27
Oct-28 Oct-28
Oct-29 Oct-29
Oct-30 Oct-30
Oct-31 Oct-31
Nov-01 Nov-01
Nov-02 Nov-02
Nov-03 Nov-03
Nov-04 Nov-04
Nov-05 Nov-05
Nov-06 Nov-06
Nov-07 Nov-07
Nov-08 Nov-08
Nov-09 Nov-09
Nov-10 Nov-10
Nov-11 Nov-11
Nov-12 Nov-12
Nov-13 Nov-13
Nov-14 Nov-14
Nov-15 Nov-15
Nov-16 Nov-16
Nov-17 Nov-17
Nov-18 Nov-18
Nov-19 Nov-19
Nov-20 Nov-20
Nov-21 Nov-21
Nov-22 Nov-22
Nov-23 Nov-23
Nov-24 Nov-24
Nov-25 Nov-25
Nov-26 Nov-26
Nov-27 Nov-27
Nov-28 Nov-28
Nov-29 Nov-29
Nov-30 Nov-30
Dec-01 Dec-01
Dec-02 Dec-02
Dec-03 Dec-03
Dec-04 Dec-04
Dec-05 Dec-05
Dec-06 Dec-06
Dec-07 Dec-07
Dec-08 Dec-08
Dec-09 Dec-09
Dec-10 Dec-10
Dec-11 Dec-11
Dec-12 Dec-12
Dec-13 Dec-13
Dec-14 Dec-14
Dec-15 Dec-15
Dec-16 Dec-16
Dec-17 Dec-17
Dec-18 Dec-18
Dec-19 Dec-19
Dec-20 Dec-20
Dec-21 Dec-21
Dec-22 Dec-22
Dec-23 Dec-23
Dec-24 Dec-24
Dec-25 Dec-25
Dec-26 Dec-26
Dec-27 Dec-27
Dec-28 Dec-28
Dec-29 Dec-29
Dec-30 Dec-30
Dec-31 Dec-31
Jan-01 Jan-01
Jan-02 Jan-02
Jan-03 Jan-03
Jan-04 Jan-04
Jan-05 Jan-05
Jan-06 Jan-06
Jan-07 Jan-07
Jan-08 Jan-08
Jan-09 Jan-09
Jan-10 Jan-10
Jan-11 Jan-11
Jan-12 Jan-12
Jan-13 Jan-13
Jan-14 Jan-14
Jan-15 Jan-15
Jan-16 Jan-16
Jan-17 Jan-17
Jan-18 Jan-18
Jan-19 Jan-19
Jan-20 Jan-20
Jan-21 Jan-21
Jan-22 Jan-22
Jan-23 Jan-23
Jan-24 Jan-24
Jan-25 Jan-25
Jan-26 Jan-26
Jan-27 Jan-27
Jan-28 Jan-28
Jan-29 Jan-29
Jan-30 Jan-30
Jan-31 Jan-31
Feb-01 Feb-01
Feb-02 Feb-02
Feb-03 Feb-03
Feb-04 Feb-04
Feb-05 Feb-05
Feb-06 Feb-06
Feb-07 Feb-07
Feb-08 Feb-08
Feb-09 Feb-09
Feb-10 Feb-10
Feb-11 Feb-11
Feb-12 Feb-12
Feb-13 Feb-13
Feb-14 Feb-14
Feb-15 Feb-15
Feb-16 Feb-16
Feb-17 Feb-17
Feb-18 Feb-18
Feb-19 Feb-19
Feb-20 Feb-20
Feb-21 Feb-21
Feb-22 Feb-22
Feb-23 Feb-23
Feb-24 Feb-24
Feb-25 Feb-25
Feb-26 Feb-26
Feb-27 Feb-27
Feb-28 Feb-28
Mar-01 Mar-01
Mar-02 Mar-02
Mar-03 Mar-03
Mar-04 Mar-04
Mar-05 Mar-05
Mar-06 Mar-06
Mar-07 Mar-07
Mar-08 Mar-08
Mar-09 Mar-09
Mar-10 Mar-10
Mar-11 Mar-11
Mar-12 Mar-12
Mar-13 Mar-13
Mar-14 Mar-14
Mar-15 Mar-15
Mar-16 Mar-16
Mar-17 Mar-17
Mar-18 Mar-18
Mar-19 Mar-19
Mar-20 Mar-20
Mar-21 Mar-21
Mar-22 Mar-22
Mar-23 Mar-23
Mar-24 Mar-24
Mar-25 Mar-25
Mar-26 Mar-26
Mar-27 Mar-27
Mar-28 Mar-28
Mar-29 Mar-29
Mar-30 Mar-30
Mar-31 Mar-31
Apr-01 Apr-01
Apr-02 Apr-02
Apr-03 Apr-03
Apr-04 Apr-04
Apr-05 Apr-05
Apr-06 Apr-06
Apr-07 Apr-07
Apr-08 Apr-08
Apr-09 Apr-09
Apr-10 Apr-10
Apr-11 Apr-11
Apr-12 Apr-12
Apr-13 Apr-13
Apr-14 Apr-14
Apr-15 Apr-15
Apr-16 Apr-16
Apr-17 Apr-17
Apr-18 Apr-18
Apr-19 Apr-19
Apr-20 Apr-20
Apr-21 Apr-21
Apr-22 Apr-22
Apr-23 Apr-23
Apr-24 Apr-24
Apr-25 Apr-25
Apr-26 Apr-26
Apr-27 Apr-27
Apr-28 Apr-28
Apr-29 Apr-29
Apr-30 Apr-30
May-01 May-01
May-02 May-02
May-03 May-03
May-04 May-04
May-05 May-05
May-06 May-06
May-07 May-07
May-08 May-08
May-09 May-09
May-10 May-10
May-11 May-11
May-12 May-12
May-13 May-13
May-14 May-14
May-15 May-15
May-16 May-16
May-17 May-17
May-18 May-18
May-19 May-19
May-20 May-20
May-21 May-21
May-22 May-22
May-23 May-23
May-24 May-24
May-25 May-25
May-26 May-26
May-27 May-27
May-28 May-28
May-29 May-29
May-30 May-30
May-31 May-31
Jun-01 Jun-01
Jun-02 Jun-02
Jun-03 Jun-03
Jun-04 Jun-04
Jun-05 Jun-05
Jun-06 Jun-06
Jun-07 Jun-07
Jun-08 Jun-08
Jun-09 Jun-09
Jun-10 Jun-10
Jun-11 Jun-11
Jun-12 Jun-12
Jun-13 Jun-13
Jun-14 Jun-14
Jun-15 Jun-15
Jun-16 Jun-16
Jun-17 Jun-17
Jun-18 Jun-18
Jun-19 Jun-19
Jun-20 Jun-20
Jun-21 Jun-21
Jun-22 Jun-22
Jun-23 Jun-23
Jun-24 Jun-24
Jun-25 Jun-25
Jun-26 Jun-26
Jun-27 Jun-27
Jun-28 Jun-28
Jun-29 Jun-29
Jun-30 Jun-30
Page 4: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

World Wheat Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 2609 2796 -04 187Production 7631 7330 -17 -301Total Supply 10240 10126 -21 -114

Feed use 1479 1421 -11 -58Total use 7444 7421 -51 -23

Trade 1812 1789 02 -23Ending Stocks 2796 2705 30 -91

---------------- Million Tons ----------------

US Wheat Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 461 478 -- 17Harvested area (million acres) 376 396 -- 21Yield (bushels per acre) 464 476 -- 12

------------ Million bushels ------------Beginning stocks 1181 1099 -- -82Production 1741 1884 -- 144Imports 157 145 5 -12Total supply 3079 3128 5 49

Food use 964 965 -5 1Seed 63 63 -- 0Feed and residual 51 80 -- 29Domestic use 1079 1108 -5 29

Exports 901 965 -35 64Total use 1980 2073 -40 93

Ending stocks 1099 1055 45 -44----------------- Percent -----------------

Stocks to use ratio 555 509 31 -46

Average market price 472 510520 -- 043-- No change

------------ Dollars per bushel ------------

World Rice Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 4954 5016 57 62United States 57 71 -- 15

Foreign 4897 4944 57 47Argentina 09 08 -- -01Brazil 82 75 -03 -07Egypt 43 28 -- -15Australia 045 008 -038Bangladesh 327 350 05 24Burma 132 131 -- -01Cambodia 54 55 -- 01China 1489 1485 -- -04India 1129 1160 50 31Indonesia 370 373 -- 03Japan 78 77 -- -01Sri Lanka 22 26 -- 04Pakistan 75 75 01 01Philippines 122 122 -- -01Thailand 204 207 -- 03Vietnam 285 291 -- 06

-- No change Rounds to zero

---------------- Million Tons ----------------

Roughly 60 irrigated

March 8 2019

March 8 2019

India 201819 Rice Production

106646

105482

104408

109698

11291

116

98

100

102

104

106

108

110

112

114

116

118

2013 2014 2015 2016 2017 2018f

Prod

uctio

n (m

mt)

March 8 2019

World Rice Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 1500 1626 06 126Production 4954 5016 57 62Total Supply 6453 6642 63 188Total use 4827 4920 17 92

Trade 471 474 -04 02Ending Stocks 1626 1722 46 96

---------------- Million Tons ----------------

US Rice Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 246 295 -- 048Harvested area (million acres) 237 292 -- 054Yield (pounds per acre) 7507 7692 -- 185

------------ Million cwt ------------Beginning stocks 460 294 -- -167Production 1782 2242 -- 460Imports 269 290 05 21Total supply 2512 2826 05 314

Domestic use 1348 1350 -- 02Exports 870 980 -20 110Total use 2218 2330 -20 112

Ending stocks 294 496 25 202----------------- Percent -----------------

Stocks to use ratio 132 213 12 80

Average market price 1290 11701270 010 -070-- No change

------------ Dollars per cwt ------------

World Corn Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 10762 11012 16 249United States 3711 3663 -- -48

Foreign 7051 7349 16 297Argentina 320 460 -- 140Brazil 820 945 -- 125Mexico 275 256 -- -19Canada 141 139 -- -02European Union 621 609 02 -12Serbia 40 70 -- 30FSU-12 422 521 03 99Ukraine 241 355 -- 114Russia 132 114 02 -18

South Africa 131 110 -05 -21China 2591 2573 -- -17India 287 278 18 -09

-- No change

---------------- Million Tons ----------------

Brazil Corn (Second Crop)

Major

Corn ProductionAverage (2011-13)

IntensityProductionMinor

Source IBGEAgricultural Weather AssessmentsWorld Agricultural Outlook Board

Rio Grandedo Sul

SantaCatarina

Mato GrossoBahia

Mato Grossodo Sul

Parana

SaoPaulo

MinasGerais

Goias

Tocantins

Maranhao

Piaui

a ndash Cearab ndash Rio Grande do Nortec ndash Paraibad ndash Pernambucoe ndash Alagoasf ndash Sergipeh ndash Espirito Santoi ndash Rio de Janeiro

abc

de

f

h

i

Para

Amazonas

Rondonia

Roraima

Amapa

Acre

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2nd Corn crop calendar for most of Center-South Brazil

Plant

Harvest

Source IBGE Brazil

State-Level Production(as of total)

Mato GrossoParanaMato Grosso do SulGoiasSao PauloMinas GeraisSergipeBahiaMaranhaoRondoniaOther States

39251512

311111

~1

2011 to 2013 Average

March 8 2019

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

Mato Grosso corn is the record earliest planted 96 of 2nd-crop corn has been planted

Rapid soybean harvest allowed for early planting of corn in Mato Grosso

Mato Grosso CornPercent Planted

Source Safras e MercadoPeriod Ending (Approximate Date)

Source IMEA Source IMEA

Perc

ent

Perc

ent

Period Ending (Approximate Date)

Mato Grosso SoybeansPercent Harvested

March 8 2019

Brazil Normal Daily Rainfall (mm)

0123456789

Jul

-01

Jul

-23

Aug

-14

Sep

-05

Sep

-27

Oct

-19

Nov

-10

Dec

-02

Dec

-24

Jan

-15

Feb

-06

Feb

-28

Mar

-22

Apr

-13

May

-05

May

-27

Jun

-18

Parana MT

Early March

Mato Grosso

Parana

Agricultural Weather AssessmentsWorld Agricultural Outlook Board March 8 2019

Chart4

Parana
MT
Brazil Normal Daily Rainfall (mm)
34
05
33
05
33
05
32
05
31
06
3
05
3
05
29
05
28
05
28
05
27
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05
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05
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05
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06
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06
25
06
25
06
25
06
26
07
26
07
27
08
27
08
27
08
28
08
28
09
28
09
29
09
29
1
29
1
3
11
3
11
3
12
31
12
31
13
32
13
32
13
33
14
33
14
34
15
34
16
35
16
36
17
37
17
37
18
38
18
39
19
39
2
4
2
41
21
42
22
43
22
44
22
45
23
46
24
47
24
48
25
48
26
49
26
5
27
51
28
52
28
53
29
53
29
54
3
55
31
56
31
56
32
57
33
57
33
58
34
58
35
58
36
59
36
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37
59
38
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38
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39
59
4
59
41
59
41
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42
58
43
58
44
57
45
57
45
56
46
56
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55
48
55
48
54
49
53
5
52
51
52
52
51
52
5
53
49
54
49
55
48
55
47
56
47
57
46
58
46
59
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59
45
6
44
61
44
61
44
62
44
62
43
63
43
64
43
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43
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43
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44
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44
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44
66
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67
45
68
46
68
46
68
47
68
48
69
48
69
49
69
5
69
51
7
52
7
52
7
53
7
54
7
55
7
56
7
56
7
57
71
57
71
58
7
59
7
6
71
6
71
6
7
61
71
61
71
61
71
62
71
62
71
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71
62
71
62
71
62
71
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71
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61
72
6
72
6
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6
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6
72
59
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57
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57
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56
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56
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56
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55
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55
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55
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54
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54
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54
77
54
78
54
78
55
78
55
79
55
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55
79
55
8
55
8
56
8
56
8
57
81
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81
57
82
58
82
58
82
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82
59
82
59
82
6
83
6
83
6
83
6
83
61
83
6
83
6
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6
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6
83
6
83
6
83
6
83
59
82
59
82
58
82
58
82
57
82
56
82
55
81
55
81
54
8
53
8
52
79
51
79
5
78
49
78
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77
48
77
47
76
46
76
45
75
45
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44
74
43
73
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72
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71
41
7
4
7
4
68
4
68
39
67
39
66
39
65
39
64
38
63
39
62
39
61
39
61
39
6
39
58
39
58
4
57
4
56
4
55
4
54
41
53
41
52
42
51
42
5
42
49
43
48
43
47
44
46
44
45
44
44
45
43
45
42
46
41
46
4
46
39
46
38
46
37
47
36
47
35
47
35
47
34
47
33
47
32
47
31
47
31
47
3
47
29
47
28
46
27
46
27
46
26
46
25
46
24
45
24
45
23
45
22
45
22
45
21
44
2
44
2
44
19
44
19
44
18
44
17
44
17
43
16
44
15
44
15
44
14
44
14
44
14
44
13
44
12
44
12
44
11
44
11
44
11
44
11
44
1
44
1
45
09
44
09
44
09
45
08
45
08
45
08
45
07
45
07
44
07
44
07
44
07
44
07
44
07
44
06
43
06
43
06
42
06
42
06
41
06
41
06
4
06
4
05
39
05
38
06
38
06
37
06
36
05
36
05
35
06

Rainfall normals

Rainfall normals

Parana
MT
Brazil Normal Daily Rainfall (mm)

Sheet2

Sheet3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Cumulative Daily
Parana MT RGDS Parana MT
Jul-01 2764 0 7088 34 05
Jul-02 5128 0 12232 33 05
Jul-03 86 0952 18532 33 05
Jul-04 11196 2116 21512 32 05
Jul-05 12908 214 25204 31 06
Jul-06 15308 246 31972 3 05
Jul-07 19736 246 38674 3 05
Jul-08 23852 2464 4448 29 05
Jul-09 29252 3412 5054 28 05
Jul-10 32968 3748 55088 28 05
Jul-11 352 384 60272 27 05
Jul-12 37316 392 61724 27 05
Jul-13 38576 3932 62328 26 05
Jul-14 38684 396 63566 25 05
Jul-15 39676 3976 66248 25 05
Jul-16 44864 3976 72016 24 05
Jul-17 4847 3976 76014 24 05
Jul-18 5265 4128 80946 24 05
Jul-19 56222 4228 86874 23 05
Jul-20 58754 456 92074 23 05
Jul-21 62098 4616 95112 23 05
Jul-22 63482 47 98508 23 05
Jul-23 66322 6736 10102 23 05
Jul-24 66826 6868 102116 22 05
Jul-25 68194 7008 104668 22 05
Jul-26 69974 7432 10911 22 05
Jul-27 72834 7488 113962 22 05
Jul-28 75074 7568 118294 22 05
Jul-29 76562 7608 124178 22 05
Jul-30 78202 7628 129238 22 05
Jul-31 80654 8448 135082 23 05
Aug-01 84138 9236 140582 23 05
Aug-02 86938 9384 144806 23 05
Aug-03 88686 9452 150098 23 05
Aug-04 90358 996 155774 23 06
Aug-05 92794 11416 158934 23 06
Aug-06 9575 12692 162478 24 05
Aug-07 98422 127 167014 24 05
Aug-08 100086 12704 170066 24 05
Aug-09 102978 12704 177274 24 06
Aug-10 105066 1304 180992 25 06
Aug-11 106538 1312 18366 25 06
Aug-12 108098 13508 185076 25 06
Aug-13 108986 13644 186364 25 06
Aug-14 111482 13908 18984 26 07
Aug-15 11377 15204 195176 26 07
Aug-16 117674 1592 201236 27 08
Aug-17 11985 1596 20416 27 08
Aug-18 123498 16052 208836 27 08
Aug-19 12841 1614 211548 28 08
Aug-20 13183 16564 21698 28 09
Aug-21 135826 17052 221748 28 09
Aug-22 138234 17196 223168 29 09
Aug-23 139438 18948 225216 29 1
Aug-24 14061 19588 228608 29 1
Aug-25 143082 21084 231288 3 11
Aug-26 144454 22012 235172 3 11
Aug-27 149278 22012 238864 3 12
Aug-28 15179 22856 24076 31 12
Aug-29 153774 24556 243712 31 13
Aug-30 154746 25356 246228 32 13
Aug-31 158766 26432 251112 32 13
Sep-01 161398 28168 255196 33 14
Sep-02 16531 30132 257996 33 14
Sep-03 167078 30308 259736 34 15
Sep-04 17003 30388 263592 34 16
Sep-05 173546 30768 26666 35 16
Sep-06 175398 3148 268684 36 17
Sep-07 181814 3268 272 37 17
Sep-08 187614 36846 277494 37 18
Sep-09 191406 38834 281182 38 18
Sep-10 192502 4009 284174 39 19
Sep-11 193486 41462 292254 39 2
Sep-12 199146 42282 302174 4 2
Sep-13 205058 44022 308424 41 21
Sep-14 211134 45642 31666 42 22
Sep-15 218042 4695 325528 43 22
Sep-16 221954 49078 330032 44 22
Sep-17 224018 49926 332248 45 23
Sep-18 228086 50494 340216 46 24
Sep-19 232194 53954 34878 47 24
Sep-20 23891 54818 355518 48 25
Sep-21 240914 56926 361376 48 26
Sep-22 244254 58866 365848 49 26
Sep-23 248926 60538 37564 5 27
Sep-24 256398 6307 389776 51 28
Sep-25 26425 65454 395308 52 28
Sep-26 268946 69902 40004 53 29
Sep-27 27237 70662 4038 53 29
Sep-28 277442 72082 407884 54 3
Sep-29 284522 76594 413128 55 31
Sep-30 290042 81582 418636 56 31
Oct-01 299106 84374 427364 56 32
Oct-02 305186 8773 431952 57 33
Oct-03 308186 89546 436956 57 33
Oct-04 31191 94862 442232 58 34
Oct-05 315982 9665 452052 58 35
Oct-06 322018 100354 4593 58 36
Oct-07 32445 103338 461674 59 36
Oct-08 330414 10633 46959 59 37
Oct-09 33641 10839 478896 59 38
Oct-10 342482 112878 4864 59 38
Oct-11 349454 115038 49178 59 39
Oct-12 35571 11893 498376 59 4
Oct-13 362234 123062 50792 59 41
Oct-14 367638 126802 513484 59 41
Oct-15 369866 129274 519524 58 42
Oct-16 375386 13339 528236 58 43
Oct-17 383966 13761 539512 58 44
Oct-18 388114 141006 54398 57 45
Oct-19 39491 146666 547548 57 45
Oct-20 401666 150358 554624 56 46
Oct-21 406878 153806 560316 56 47
Oct-22 411594 157198 563256 55 48
Oct-23 414694 163434 566624 55 48
Oct-24 41811 168974 571808 54 49
Oct-25 424658 173138 577804 53 5
Oct-26 433038 178442 585308 52 51
Oct-27 442146 18707 5891 52 52
Oct-28 444998 192174 592184 51 52
Oct-29 447778 195098 59562 5 53
Oct-30 449114 202238 599922 49 54
Oct-31 453102 207962 606102 49 55
Nov-01 460738 21235 611414 48 55
Nov-02 46535 217874 616194 47 56
Nov-03 471222 224532 620408 47 57
Nov-04 47721 229184 626328 46 58
Nov-05 481826 236736 63376 46 59
Nov-06 490546 240048 643056 45 59
Nov-07 493758 244132 645724 45 6
Nov-08 49723 248816 650184 44 61
Nov-09 500526 255364 654412 44 61
Nov-10 505182 26546 65976 44 62
Nov-11 509178 271336 664348 44 62
Nov-12 513334 276676 66896 43 63
Nov-13 519854 282156 675124 43 64
Nov-14 52521 28843 678284 43 64
Nov-15 53069 292758 680652 43 65
Nov-16 533158 304166 684364 43 65
Nov-17 537386 30969 68864 44 66
Nov-18 54063 31615 693612 44 66
Nov-19 54451 320838 697756 44 66
Nov-20 548162 331762 699288 45 67
Nov-21 552446 337868 702032 45 68
Nov-22 556582 343624 703216 46 68
Nov-23 558166 35038 706056 46 68
Nov-24 561802 35358 710 47 68
Nov-25 568802 360124 716752 48 69
Nov-26 574546 364332 720672 48 69
Nov-27 57893 36952 724824 49 69
Nov-28 582814 377852 729172 5 69
Nov-29 58561 388264 730416 51 7
Nov-30 588422 396364 732412 52 7
Dec-01 591438 407728 735704 52 7
Dec-02 594274 414648 738192 53 7
Dec-03 597002 42232 740312 54 7
Dec-04 601042 427388 743156 55 7
Dec-05 605394 43246 750432 56 7
Dec-06 610078 438292 75839 56 7
Dec-07 617094 447072 763426 57 71
Dec-08 621458 45366 766248 57 71
Dec-09 623962 460588 7684 58 7
Dec-10 63095 46921 771594 59 7
Dec-11 635566 481482 775878 6 71
Dec-12 642502 48885 78275 6 71
Dec-13 649742 499602 78785 6 7
Dec-14 65815 509698 791862 61 71
Dec-15 662126 515178 797586 61 71
Dec-16 667966 522814 80215 61 71
Dec-17 673974 529578 810014 62 71
Dec-18 676898 537354 81391 62 71
Dec-19 680222 544574 815174 62 71
Dec-20 684598 55039 82225 62 71
Dec-21 689722 556622 82803 62 71
Dec-22 697602 560194 832886 62 71
Dec-23 70129 567118 838426 61 71
Dec-24 70669 573266 846136 61 71
Dec-25 708366 58053 848 61 72
Dec-26 710446 588766 852876 61 72
Dec-27 713818 595826 855604 6 72
Dec-28 71879 60375 860756 6 72
Dec-29 727414 610454 864652 6 72
Dec-30 733598 617218 871628 6 72
Dec-31 739248 626332 875934 59 73
Jan-01 743224 635558 87995 59 72
Jan-02 745184 64569 882542 58 73
Jan-03 749496 653898 885678 58 73
Jan-04 753786 664308 88883 58 73
Jan-05 758918 673588 893222 57 74
Jan-06 762998 685356 896982 57 74
Jan-07 766544 6916 901356 56 74
Jan-08 768952 700506 907956 56 75
Jan-09 77438 710522 913684 56 75
Jan-10 781904 718902 919052 55 75
Jan-11 788208 726078 925492 55 75
Jan-12 79456 735638 929744 55 76
Jan-13 800452 74447 93248 55 76
Jan-14 804716 753262 939044 54 76
Jan-15 810692 764854 947368 54 76
Jan-16 815796 773346 95577 54 77
Jan-17 82062 781266 96295 54 77
Jan-18 82456 788226 966778 54 77
Jan-19 829312 79381 969044 54 78
Jan-20 83652 800718 976852 54 78
Jan-21 840784 809782 980462 55 78
Jan-22 84686 815818 984158 55 79
Jan-23 852196 824174 988466 55 79
Jan-24 85726 831706 99199 55 79
Jan-25 866372 83847 100142 55 8
Jan-26 872064 846934 100761 55 8
Jan-27 878372 85433 101541 56 8
Jan-28 883588 85997 101846 56 8
Jan-29 889244 867398 102653 57 81
Jan-30 896468 876534 103566 57 81
Jan-31 90484 883646 10443 57 82
Feb-01 915208 891514 105294 58 82
Feb-02 921476 90037 106103 58 82
Feb-03 927964 909646 106442 59 82
Feb-04 93286 918026 107032 59 82
Feb-05 937408 928946 107763 59 82
Feb-06 94201 937412 108254 6 83
Feb-07 947086 952884 108552 6 83
Feb-08 952246 96228 109098 6 83
Feb-09 955886 968904 109558 6 83
Feb-10 96133 9754 110469 61 83
Feb-11 96697 981996 110991 6 83
Feb-12 969426 992592 111242 6 83
Feb-13 97417 999652 111567 6 83
Feb-14 980506 100768 112062 6 83
Feb-15 985954 101555 112725 6 83
Feb-16 99267 102422 1134 6 83
Feb-17 997258 103353 113994 6 83
Feb-18 100341 104026 114302 59 82
Feb-19 100826 104853 11448 59 82
Feb-20 10135 105757 115195 58 82
Feb-21 101997 106745 115619 58 82
Feb-22 102626 107418 115978 57 82
Feb-23 103088 108182 116461 56 82
Feb-24 103827 108792 117726 55 81
Feb-25 104473 10951 118573 55 81
Feb-26 104847 110097 119134 54 8
Feb-27 105214 110854 119655 53 8
Feb-28 105754 111584 119994 52 79
Mar-01 106131 112306 12051 51 79
Mar-02 106455 11297 12082 5 78
Mar-03 106966 113829 121208 49 78
Mar-04 107273 114705 121571 49 77
Mar-05 107551 115385 122014 48 77
Mar-06 107835 116451 122605 47 76
Mar-07 108221 117131 123162 46 76
Mar-08 108449 117625 123525 45 75
Mar-09 108706 118251 123844 45 75
Mar-10 109109 118828 124456 44 74
Mar-11 109385 119645 124956 43 73
Mar-12 109721 120487 125389 42 73
Mar-13 110119 121134 125913 42 72
Mar-14 110432 122035 126473 41 71
Mar-15 11068 122842 126772 41 7
Mar-16 110909 123543 127254 4 7
Mar-17 111538 124458 127636 4 68
Mar-18 112072 125557 128608 4 68
Mar-19 112325 126969 128885 39 67
Mar-20 112907 127667 129129 39 66
Mar-21 113171 128444 12943 39 65
Mar-22 113633 129037 129641 39 64
Mar-23 113946 129689 130187 38 63
Mar-24 114494 130371 130687 39 62
Mar-25 114798 13106 13116 39 61
Mar-26 115109 131501 131718 39 61
Mar-27 1155 132129 132139 39 6
Mar-28 115791 132728 132677 39 58
Mar-29 116153 133382 133207 39 58
Mar-30 116608 134038 133786 4 57
Mar-31 116879 134388 134263 4 56
Apr-01 117448 13481 135173 4 55
Apr-02 117731 135548 135867 4 54
Apr-03 117943 136158 136402 41 53
Apr-04 118451 136585 137352 41 52
Apr-05 118751 136883 137983 42 51
Apr-06 118931 137352 138669 42 5
Apr-07 119668 137681 139307 42 49
Apr-08 120095 137925 139919 43 48
Apr-09 120417 138207 140221 43 47
Apr-10 120927 138485 140749 44 46
Apr-11 121133 138983 141135 44 45
Apr-12 121383 139608 141819 44 44
Apr-13 122001 14036 142518 45 43
Apr-14 122484 140746 143004 45 42
Apr-15 123102 14132 143888 46 41
Apr-16 123593 141693 144598 46 4
Apr-17 124211 142326 14511 46 39
Apr-18 124985 142663 145816 46 38
Apr-19 125699 143123 146355 46 37
Apr-20 126363 143359 146813 47 36
Apr-21 126625 143631 14718 47 35
Apr-22 126848 143999 147422 47 35
Apr-23 127155 144221 14801 47 34
Apr-24 127786 144374 148823 47 33
Apr-25 128226 144671 149713 47 32
Apr-26 128702 144918 150257 47 31
Apr-27 128934 145129 150715 47 31
Apr-28 12922 145279 151235 47 3
Apr-29 129737 145416 151968 47 29
Apr-30 130073 145645 152481 47 28
May-01 130327 145749 152759 46 27
May-02 130623 145967 153177 46 27
May-03 131046 146091 153532 46 26
May-04 131572 14629 154097 46 25
May-05 131847 146391 154588 46 24
May-06 132538 146643 154808 45 24
May-07 132866 146852 155413 45 23
May-08 13334 146912 15599 45 22
May-09 133673 147045 156414 45 22
May-10 134007 147091 15677 45 21
May-11 134298 147144 157185 44 2
May-12 13464 147175 157683 44 2
May-13 135307 147252 158313 44 19
May-14 135985 147549 158803 44 19
May-15 13632 147685 15911 44 18
May-16 136885 147977 159807 44 17
May-17 137428 148068 160351 44 17
May-18 138029 148179 160972 43 16
May-19 138529 148214 161583 44 15
May-20 139212 148227 162319 44 15
May-21 140112 148465 163037 44 14
May-22 140769 148569 163618 44 14
May-23 141341 148687 164089 44 14
May-24 141704 148804 164369 44 13
May-25 142195 148864 164796 44 12
May-26 142465 148911 165278 44 12
May-27 142872 149025 166129 44 11
May-28 143259 149056 16711 44 11
May-29 143676 149113 167891 44 11
May-30 1442 149161 168626 44 11
May-31 144545 149393 169258 44 1
Jun-01 144785 149493 169409 44 1
Jun-02 144969 149569 169717 45 09
Jun-03 145211 149575 170452 44 09
Jun-04 145532 149647 170986 44 09
Jun-05 146458 14967 171959 45 08
Jun-06 147033 149791 172742 45 08
Jun-07 147535 149896 173169 45 08
Jun-08 147838 149911 173672 45 07
Jun-09 148111 149915 174203 45 07
Jun-10 148302 149975 174903 44 07
Jun-11 148548 149975 175279 44 07
Jun-12 148795 149975 175763 44 07
Jun-13 149169 149975 176279 44 07
Jun-14 149886 149981 176859 44 07
Jun-15 150168 150142 17703 44 06
Jun-16 150462 150186 177623 43 06
Jun-17 150731 15021 178343 43 06
Jun-18 151447 150243 178887 42 06
Jun-19 152109 150247 179668 42 06
Jun-20 152758 150287 179981 41 06
Jun-21 153139 150315 180324 41 06
Jun-22 153321 150421 180658 4 06
Jun-23 153536 150428 181094 4 05
Jun-24 154122 150543 181596 39 05
Jun-25 154487 15062 181875 38 06
Jun-26 154764 150696 182241 38 06
Jun-27 15517 150702 182588 37 06
Jun-28 155453 15071 182874 36 05
Jun-29 155786 150817 183159 36 05
Jun-30 15612 150901 183853 35 06
Jul-01 Jul-01
Jul-02 Jul-02
Jul-03 Jul-03
Jul-04 Jul-04
Jul-05 Jul-05
Jul-06 Jul-06
Jul-07 Jul-07
Jul-08 Jul-08
Jul-09 Jul-09
Jul-10 Jul-10
Jul-11 Jul-11
Jul-12 Jul-12
Jul-13 Jul-13
Jul-14 Jul-14
Jul-15 Jul-15
Jul-16 Jul-16
Jul-17 Jul-17
Jul-18 Jul-18
Jul-19 Jul-19
Jul-20 Jul-20
Jul-21 Jul-21
Jul-22 Jul-22
Jul-23 Jul-23
Jul-24 Jul-24
Jul-25 Jul-25
Jul-26 Jul-26
Jul-27 Jul-27
Jul-28 Jul-28
Jul-29 Jul-29
Jul-30 Jul-30
Jul-31 Jul-31
Aug-01 Aug-01
Aug-02 Aug-02
Aug-03 Aug-03
Aug-04 Aug-04
Aug-05 Aug-05
Aug-06 Aug-06
Aug-07 Aug-07
Aug-08 Aug-08
Aug-09 Aug-09
Aug-10 Aug-10
Aug-11 Aug-11
Aug-12 Aug-12
Aug-13 Aug-13
Aug-14 Aug-14
Aug-15 Aug-15
Aug-16 Aug-16
Aug-17 Aug-17
Aug-18 Aug-18
Aug-19 Aug-19
Aug-20 Aug-20
Aug-21 Aug-21
Aug-22 Aug-22
Aug-23 Aug-23
Aug-24 Aug-24
Aug-25 Aug-25
Aug-26 Aug-26
Aug-27 Aug-27
Aug-28 Aug-28
Aug-29 Aug-29
Aug-30 Aug-30
Aug-31 Aug-31
Sep-01 Sep-01
Sep-02 Sep-02
Sep-03 Sep-03
Sep-04 Sep-04
Sep-05 Sep-05
Sep-06 Sep-06
Sep-07 Sep-07
Sep-08 Sep-08
Sep-09 Sep-09
Sep-10 Sep-10
Sep-11 Sep-11
Sep-12 Sep-12
Sep-13 Sep-13
Sep-14 Sep-14
Sep-15 Sep-15
Sep-16 Sep-16
Sep-17 Sep-17
Sep-18 Sep-18
Sep-19 Sep-19
Sep-20 Sep-20
Sep-21 Sep-21
Sep-22 Sep-22
Sep-23 Sep-23
Sep-24 Sep-24
Sep-25 Sep-25
Sep-26 Sep-26
Sep-27 Sep-27
Sep-28 Sep-28
Sep-29 Sep-29
Sep-30 Sep-30
Oct-01 Oct-01
Oct-02 Oct-02
Oct-03 Oct-03
Oct-04 Oct-04
Oct-05 Oct-05
Oct-06 Oct-06
Oct-07 Oct-07
Oct-08 Oct-08
Oct-09 Oct-09
Oct-10 Oct-10
Oct-11 Oct-11
Oct-12 Oct-12
Oct-13 Oct-13
Oct-14 Oct-14
Oct-15 Oct-15
Oct-16 Oct-16
Oct-17 Oct-17
Oct-18 Oct-18
Oct-19 Oct-19
Oct-20 Oct-20
Oct-21 Oct-21
Oct-22 Oct-22
Oct-23 Oct-23
Oct-24 Oct-24
Oct-25 Oct-25
Oct-26 Oct-26
Oct-27 Oct-27
Oct-28 Oct-28
Oct-29 Oct-29
Oct-30 Oct-30
Oct-31 Oct-31
Nov-01 Nov-01
Nov-02 Nov-02
Nov-03 Nov-03
Nov-04 Nov-04
Nov-05 Nov-05
Nov-06 Nov-06
Nov-07 Nov-07
Nov-08 Nov-08
Nov-09 Nov-09
Nov-10 Nov-10
Nov-11 Nov-11
Nov-12 Nov-12
Nov-13 Nov-13
Nov-14 Nov-14
Nov-15 Nov-15
Nov-16 Nov-16
Nov-17 Nov-17
Nov-18 Nov-18
Nov-19 Nov-19
Nov-20 Nov-20
Nov-21 Nov-21
Nov-22 Nov-22
Nov-23 Nov-23
Nov-24 Nov-24
Nov-25 Nov-25
Nov-26 Nov-26
Nov-27 Nov-27
Nov-28 Nov-28
Nov-29 Nov-29
Nov-30 Nov-30
Dec-01 Dec-01
Dec-02 Dec-02
Dec-03 Dec-03
Dec-04 Dec-04
Dec-05 Dec-05
Dec-06 Dec-06
Dec-07 Dec-07
Dec-08 Dec-08
Dec-09 Dec-09
Dec-10 Dec-10
Dec-11 Dec-11
Dec-12 Dec-12
Dec-13 Dec-13
Dec-14 Dec-14
Dec-15 Dec-15
Dec-16 Dec-16
Dec-17 Dec-17
Dec-18 Dec-18
Dec-19 Dec-19
Dec-20 Dec-20
Dec-21 Dec-21
Dec-22 Dec-22
Dec-23 Dec-23
Dec-24 Dec-24
Dec-25 Dec-25
Dec-26 Dec-26
Dec-27 Dec-27
Dec-28 Dec-28
Dec-29 Dec-29
Dec-30 Dec-30
Dec-31 Dec-31
Jan-01 Jan-01
Jan-02 Jan-02
Jan-03 Jan-03
Jan-04 Jan-04
Jan-05 Jan-05
Jan-06 Jan-06
Jan-07 Jan-07
Jan-08 Jan-08
Jan-09 Jan-09
Jan-10 Jan-10
Jan-11 Jan-11
Jan-12 Jan-12
Jan-13 Jan-13
Jan-14 Jan-14
Jan-15 Jan-15
Jan-16 Jan-16
Jan-17 Jan-17
Jan-18 Jan-18
Jan-19 Jan-19
Jan-20 Jan-20
Jan-21 Jan-21
Jan-22 Jan-22
Jan-23 Jan-23
Jan-24 Jan-24
Jan-25 Jan-25
Jan-26 Jan-26
Jan-27 Jan-27
Jan-28 Jan-28
Jan-29 Jan-29
Jan-30 Jan-30
Jan-31 Jan-31
Feb-01 Feb-01
Feb-02 Feb-02
Feb-03 Feb-03
Feb-04 Feb-04
Feb-05 Feb-05
Feb-06 Feb-06
Feb-07 Feb-07
Feb-08 Feb-08
Feb-09 Feb-09
Feb-10 Feb-10
Feb-11 Feb-11
Feb-12 Feb-12
Feb-13 Feb-13
Feb-14 Feb-14
Feb-15 Feb-15
Feb-16 Feb-16
Feb-17 Feb-17
Feb-18 Feb-18
Feb-19 Feb-19
Feb-20 Feb-20
Feb-21 Feb-21
Feb-22 Feb-22
Feb-23 Feb-23
Feb-24 Feb-24
Feb-25 Feb-25
Feb-26 Feb-26
Feb-27 Feb-27
Feb-28 Feb-28
Mar-01 Mar-01
Mar-02 Mar-02
Mar-03 Mar-03
Mar-04 Mar-04
Mar-05 Mar-05
Mar-06 Mar-06
Mar-07 Mar-07
Mar-08 Mar-08
Mar-09 Mar-09
Mar-10 Mar-10
Mar-11 Mar-11
Mar-12 Mar-12
Mar-13 Mar-13
Mar-14 Mar-14
Mar-15 Mar-15
Mar-16 Mar-16
Mar-17 Mar-17
Mar-18 Mar-18
Mar-19 Mar-19
Mar-20 Mar-20
Mar-21 Mar-21
Mar-22 Mar-22
Mar-23 Mar-23
Mar-24 Mar-24
Mar-25 Mar-25
Mar-26 Mar-26
Mar-27 Mar-27
Mar-28 Mar-28
Mar-29 Mar-29
Mar-30 Mar-30
Mar-31 Mar-31
Apr-01 Apr-01
Apr-02 Apr-02
Apr-03 Apr-03
Apr-04 Apr-04
Apr-05 Apr-05
Apr-06 Apr-06
Apr-07 Apr-07
Apr-08 Apr-08
Apr-09 Apr-09
Apr-10 Apr-10
Apr-11 Apr-11
Apr-12 Apr-12
Apr-13 Apr-13
Apr-14 Apr-14
Apr-15 Apr-15
Apr-16 Apr-16
Apr-17 Apr-17
Apr-18 Apr-18
Apr-19 Apr-19
Apr-20 Apr-20
Apr-21 Apr-21
Apr-22 Apr-22
Apr-23 Apr-23
Apr-24 Apr-24
Apr-25 Apr-25
Apr-26 Apr-26
Apr-27 Apr-27
Apr-28 Apr-28
Apr-29 Apr-29
Apr-30 Apr-30
May-01 May-01
May-02 May-02
May-03 May-03
May-04 May-04
May-05 May-05
May-06 May-06
May-07 May-07
May-08 May-08
May-09 May-09
May-10 May-10
May-11 May-11
May-12 May-12
May-13 May-13
May-14 May-14
May-15 May-15
May-16 May-16
May-17 May-17
May-18 May-18
May-19 May-19
May-20 May-20
May-21 May-21
May-22 May-22
May-23 May-23
May-24 May-24
May-25 May-25
May-26 May-26
May-27 May-27
May-28 May-28
May-29 May-29
May-30 May-30
May-31 May-31
Jun-01 Jun-01
Jun-02 Jun-02
Jun-03 Jun-03
Jun-04 Jun-04
Jun-05 Jun-05
Jun-06 Jun-06
Jun-07 Jun-07
Jun-08 Jun-08
Jun-09 Jun-09
Jun-10 Jun-10
Jun-11 Jun-11
Jun-12 Jun-12
Jun-13 Jun-13
Jun-14 Jun-14
Jun-15 Jun-15
Jun-16 Jun-16
Jun-17 Jun-17
Jun-18 Jun-18
Jun-19 Jun-19
Jun-20 Jun-20
Jun-21 Jun-21
Jun-22 Jun-22
Jun-23 Jun-23
Jun-24 Jun-24
Jun-25 Jun-25
Jun-26 Jun-26
Jun-27 Jun-27
Jun-28 Jun-28
Jun-29 Jun-29
Jun-30 Jun-30
Page 5: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

US Wheat Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 461 478 -- 17Harvested area (million acres) 376 396 -- 21Yield (bushels per acre) 464 476 -- 12

------------ Million bushels ------------Beginning stocks 1181 1099 -- -82Production 1741 1884 -- 144Imports 157 145 5 -12Total supply 3079 3128 5 49

Food use 964 965 -5 1Seed 63 63 -- 0Feed and residual 51 80 -- 29Domestic use 1079 1108 -5 29

Exports 901 965 -35 64Total use 1980 2073 -40 93

Ending stocks 1099 1055 45 -44----------------- Percent -----------------

Stocks to use ratio 555 509 31 -46

Average market price 472 510520 -- 043-- No change

------------ Dollars per bushel ------------

World Rice Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 4954 5016 57 62United States 57 71 -- 15

Foreign 4897 4944 57 47Argentina 09 08 -- -01Brazil 82 75 -03 -07Egypt 43 28 -- -15Australia 045 008 -038Bangladesh 327 350 05 24Burma 132 131 -- -01Cambodia 54 55 -- 01China 1489 1485 -- -04India 1129 1160 50 31Indonesia 370 373 -- 03Japan 78 77 -- -01Sri Lanka 22 26 -- 04Pakistan 75 75 01 01Philippines 122 122 -- -01Thailand 204 207 -- 03Vietnam 285 291 -- 06

-- No change Rounds to zero

---------------- Million Tons ----------------

Roughly 60 irrigated

March 8 2019

March 8 2019

India 201819 Rice Production

106646

105482

104408

109698

11291

116

98

100

102

104

106

108

110

112

114

116

118

2013 2014 2015 2016 2017 2018f

Prod

uctio

n (m

mt)

March 8 2019

World Rice Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 1500 1626 06 126Production 4954 5016 57 62Total Supply 6453 6642 63 188Total use 4827 4920 17 92

Trade 471 474 -04 02Ending Stocks 1626 1722 46 96

---------------- Million Tons ----------------

US Rice Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 246 295 -- 048Harvested area (million acres) 237 292 -- 054Yield (pounds per acre) 7507 7692 -- 185

------------ Million cwt ------------Beginning stocks 460 294 -- -167Production 1782 2242 -- 460Imports 269 290 05 21Total supply 2512 2826 05 314

Domestic use 1348 1350 -- 02Exports 870 980 -20 110Total use 2218 2330 -20 112

Ending stocks 294 496 25 202----------------- Percent -----------------

Stocks to use ratio 132 213 12 80

Average market price 1290 11701270 010 -070-- No change

------------ Dollars per cwt ------------

World Corn Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 10762 11012 16 249United States 3711 3663 -- -48

Foreign 7051 7349 16 297Argentina 320 460 -- 140Brazil 820 945 -- 125Mexico 275 256 -- -19Canada 141 139 -- -02European Union 621 609 02 -12Serbia 40 70 -- 30FSU-12 422 521 03 99Ukraine 241 355 -- 114Russia 132 114 02 -18

South Africa 131 110 -05 -21China 2591 2573 -- -17India 287 278 18 -09

-- No change

---------------- Million Tons ----------------

Brazil Corn (Second Crop)

Major

Corn ProductionAverage (2011-13)

IntensityProductionMinor

Source IBGEAgricultural Weather AssessmentsWorld Agricultural Outlook Board

Rio Grandedo Sul

SantaCatarina

Mato GrossoBahia

Mato Grossodo Sul

Parana

SaoPaulo

MinasGerais

Goias

Tocantins

Maranhao

Piaui

a ndash Cearab ndash Rio Grande do Nortec ndash Paraibad ndash Pernambucoe ndash Alagoasf ndash Sergipeh ndash Espirito Santoi ndash Rio de Janeiro

abc

de

f

h

i

Para

Amazonas

Rondonia

Roraima

Amapa

Acre

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2nd Corn crop calendar for most of Center-South Brazil

Plant

Harvest

Source IBGE Brazil

State-Level Production(as of total)

Mato GrossoParanaMato Grosso do SulGoiasSao PauloMinas GeraisSergipeBahiaMaranhaoRondoniaOther States

39251512

311111

~1

2011 to 2013 Average

March 8 2019

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

Mato Grosso corn is the record earliest planted 96 of 2nd-crop corn has been planted

Rapid soybean harvest allowed for early planting of corn in Mato Grosso

Mato Grosso CornPercent Planted

Source Safras e MercadoPeriod Ending (Approximate Date)

Source IMEA Source IMEA

Perc

ent

Perc

ent

Period Ending (Approximate Date)

Mato Grosso SoybeansPercent Harvested

March 8 2019

Brazil Normal Daily Rainfall (mm)

0123456789

Jul

-01

Jul

-23

Aug

-14

Sep

-05

Sep

-27

Oct

-19

Nov

-10

Dec

-02

Dec

-24

Jan

-15

Feb

-06

Feb

-28

Mar

-22

Apr

-13

May

-05

May

-27

Jun

-18

Parana MT

Early March

Mato Grosso

Parana

Agricultural Weather AssessmentsWorld Agricultural Outlook Board March 8 2019

Chart4

Parana
MT
Brazil Normal Daily Rainfall (mm)
34
05
33
05
33
05
32
05
31
06
3
05
3
05
29
05
28
05
28
05
27
05
27
05
26
05
25
05
25
05
24
05
24
05
24
05
23
05
23
05
23
05
23
05
23
05
22
05
22
05
22
05
22
05
22
05
22
05
22
05
23
05
23
05
23
05
23
05
23
06
23
06
24
05
24
05
24
05
24
06
25
06
25
06
25
06
25
06
26
07
26
07
27
08
27
08
27
08
28
08
28
09
28
09
29
09
29
1
29
1
3
11
3
11
3
12
31
12
31
13
32
13
32
13
33
14
33
14
34
15
34
16
35
16
36
17
37
17
37
18
38
18
39
19
39
2
4
2
41
21
42
22
43
22
44
22
45
23
46
24
47
24
48
25
48
26
49
26
5
27
51
28
52
28
53
29
53
29
54
3
55
31
56
31
56
32
57
33
57
33
58
34
58
35
58
36
59
36
59
37
59
38
59
38
59
39
59
4
59
41
59
41
58
42
58
43
58
44
57
45
57
45
56
46
56
47
55
48
55
48
54
49
53
5
52
51
52
52
51
52
5
53
49
54
49
55
48
55
47
56
47
57
46
58
46
59
45
59
45
6
44
61
44
61
44
62
44
62
43
63
43
64
43
64
43
65
43
65
44
66
44
66
44
66
45
67
45
68
46
68
46
68
47
68
48
69
48
69
49
69
5
69
51
7
52
7
52
7
53
7
54
7
55
7
56
7
56
7
57
71
57
71
58
7
59
7
6
71
6
71
6
7
61
71
61
71
61
71
62
71
62
71
62
71
62
71
62
71
62
71
61
71
61
71
61
72
61
72
6
72
6
72
6
72
6
72
59
73
59
72
58
73
58
73
58
73
57
74
57
74
56
74
56
75
56
75
55
75
55
75
55
76
55
76
54
76
54
76
54
77
54
77
54
77
54
78
54
78
55
78
55
79
55
79
55
79
55
8
55
8
56
8
56
8
57
81
57
81
57
82
58
82
58
82
59
82
59
82
59
82
6
83
6
83
6
83
6
83
61
83
6
83
6
83
6
83
6
83
6
83
6
83
6
83
59
82
59
82
58
82
58
82
57
82
56
82
55
81
55
81
54
8
53
8
52
79
51
79
5
78
49
78
49
77
48
77
47
76
46
76
45
75
45
75
44
74
43
73
42
73
42
72
41
71
41
7
4
7
4
68
4
68
39
67
39
66
39
65
39
64
38
63
39
62
39
61
39
61
39
6
39
58
39
58
4
57
4
56
4
55
4
54
41
53
41
52
42
51
42
5
42
49
43
48
43
47
44
46
44
45
44
44
45
43
45
42
46
41
46
4
46
39
46
38
46
37
47
36
47
35
47
35
47
34
47
33
47
32
47
31
47
31
47
3
47
29
47
28
46
27
46
27
46
26
46
25
46
24
45
24
45
23
45
22
45
22
45
21
44
2
44
2
44
19
44
19
44
18
44
17
44
17
43
16
44
15
44
15
44
14
44
14
44
14
44
13
44
12
44
12
44
11
44
11
44
11
44
11
44
1
44
1
45
09
44
09
44
09
45
08
45
08
45
08
45
07
45
07
44
07
44
07
44
07
44
07
44
07
44
06
43
06
43
06
42
06
42
06
41
06
41
06
4
06
4
05
39
05
38
06
38
06
37
06
36
05
36
05
35
06

Rainfall normals

Rainfall normals

Parana
MT
Brazil Normal Daily Rainfall (mm)

Sheet2

Sheet3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Cumulative Daily
Parana MT RGDS Parana MT
Jul-01 2764 0 7088 34 05
Jul-02 5128 0 12232 33 05
Jul-03 86 0952 18532 33 05
Jul-04 11196 2116 21512 32 05
Jul-05 12908 214 25204 31 06
Jul-06 15308 246 31972 3 05
Jul-07 19736 246 38674 3 05
Jul-08 23852 2464 4448 29 05
Jul-09 29252 3412 5054 28 05
Jul-10 32968 3748 55088 28 05
Jul-11 352 384 60272 27 05
Jul-12 37316 392 61724 27 05
Jul-13 38576 3932 62328 26 05
Jul-14 38684 396 63566 25 05
Jul-15 39676 3976 66248 25 05
Jul-16 44864 3976 72016 24 05
Jul-17 4847 3976 76014 24 05
Jul-18 5265 4128 80946 24 05
Jul-19 56222 4228 86874 23 05
Jul-20 58754 456 92074 23 05
Jul-21 62098 4616 95112 23 05
Jul-22 63482 47 98508 23 05
Jul-23 66322 6736 10102 23 05
Jul-24 66826 6868 102116 22 05
Jul-25 68194 7008 104668 22 05
Jul-26 69974 7432 10911 22 05
Jul-27 72834 7488 113962 22 05
Jul-28 75074 7568 118294 22 05
Jul-29 76562 7608 124178 22 05
Jul-30 78202 7628 129238 22 05
Jul-31 80654 8448 135082 23 05
Aug-01 84138 9236 140582 23 05
Aug-02 86938 9384 144806 23 05
Aug-03 88686 9452 150098 23 05
Aug-04 90358 996 155774 23 06
Aug-05 92794 11416 158934 23 06
Aug-06 9575 12692 162478 24 05
Aug-07 98422 127 167014 24 05
Aug-08 100086 12704 170066 24 05
Aug-09 102978 12704 177274 24 06
Aug-10 105066 1304 180992 25 06
Aug-11 106538 1312 18366 25 06
Aug-12 108098 13508 185076 25 06
Aug-13 108986 13644 186364 25 06
Aug-14 111482 13908 18984 26 07
Aug-15 11377 15204 195176 26 07
Aug-16 117674 1592 201236 27 08
Aug-17 11985 1596 20416 27 08
Aug-18 123498 16052 208836 27 08
Aug-19 12841 1614 211548 28 08
Aug-20 13183 16564 21698 28 09
Aug-21 135826 17052 221748 28 09
Aug-22 138234 17196 223168 29 09
Aug-23 139438 18948 225216 29 1
Aug-24 14061 19588 228608 29 1
Aug-25 143082 21084 231288 3 11
Aug-26 144454 22012 235172 3 11
Aug-27 149278 22012 238864 3 12
Aug-28 15179 22856 24076 31 12
Aug-29 153774 24556 243712 31 13
Aug-30 154746 25356 246228 32 13
Aug-31 158766 26432 251112 32 13
Sep-01 161398 28168 255196 33 14
Sep-02 16531 30132 257996 33 14
Sep-03 167078 30308 259736 34 15
Sep-04 17003 30388 263592 34 16
Sep-05 173546 30768 26666 35 16
Sep-06 175398 3148 268684 36 17
Sep-07 181814 3268 272 37 17
Sep-08 187614 36846 277494 37 18
Sep-09 191406 38834 281182 38 18
Sep-10 192502 4009 284174 39 19
Sep-11 193486 41462 292254 39 2
Sep-12 199146 42282 302174 4 2
Sep-13 205058 44022 308424 41 21
Sep-14 211134 45642 31666 42 22
Sep-15 218042 4695 325528 43 22
Sep-16 221954 49078 330032 44 22
Sep-17 224018 49926 332248 45 23
Sep-18 228086 50494 340216 46 24
Sep-19 232194 53954 34878 47 24
Sep-20 23891 54818 355518 48 25
Sep-21 240914 56926 361376 48 26
Sep-22 244254 58866 365848 49 26
Sep-23 248926 60538 37564 5 27
Sep-24 256398 6307 389776 51 28
Sep-25 26425 65454 395308 52 28
Sep-26 268946 69902 40004 53 29
Sep-27 27237 70662 4038 53 29
Sep-28 277442 72082 407884 54 3
Sep-29 284522 76594 413128 55 31
Sep-30 290042 81582 418636 56 31
Oct-01 299106 84374 427364 56 32
Oct-02 305186 8773 431952 57 33
Oct-03 308186 89546 436956 57 33
Oct-04 31191 94862 442232 58 34
Oct-05 315982 9665 452052 58 35
Oct-06 322018 100354 4593 58 36
Oct-07 32445 103338 461674 59 36
Oct-08 330414 10633 46959 59 37
Oct-09 33641 10839 478896 59 38
Oct-10 342482 112878 4864 59 38
Oct-11 349454 115038 49178 59 39
Oct-12 35571 11893 498376 59 4
Oct-13 362234 123062 50792 59 41
Oct-14 367638 126802 513484 59 41
Oct-15 369866 129274 519524 58 42
Oct-16 375386 13339 528236 58 43
Oct-17 383966 13761 539512 58 44
Oct-18 388114 141006 54398 57 45
Oct-19 39491 146666 547548 57 45
Oct-20 401666 150358 554624 56 46
Oct-21 406878 153806 560316 56 47
Oct-22 411594 157198 563256 55 48
Oct-23 414694 163434 566624 55 48
Oct-24 41811 168974 571808 54 49
Oct-25 424658 173138 577804 53 5
Oct-26 433038 178442 585308 52 51
Oct-27 442146 18707 5891 52 52
Oct-28 444998 192174 592184 51 52
Oct-29 447778 195098 59562 5 53
Oct-30 449114 202238 599922 49 54
Oct-31 453102 207962 606102 49 55
Nov-01 460738 21235 611414 48 55
Nov-02 46535 217874 616194 47 56
Nov-03 471222 224532 620408 47 57
Nov-04 47721 229184 626328 46 58
Nov-05 481826 236736 63376 46 59
Nov-06 490546 240048 643056 45 59
Nov-07 493758 244132 645724 45 6
Nov-08 49723 248816 650184 44 61
Nov-09 500526 255364 654412 44 61
Nov-10 505182 26546 65976 44 62
Nov-11 509178 271336 664348 44 62
Nov-12 513334 276676 66896 43 63
Nov-13 519854 282156 675124 43 64
Nov-14 52521 28843 678284 43 64
Nov-15 53069 292758 680652 43 65
Nov-16 533158 304166 684364 43 65
Nov-17 537386 30969 68864 44 66
Nov-18 54063 31615 693612 44 66
Nov-19 54451 320838 697756 44 66
Nov-20 548162 331762 699288 45 67
Nov-21 552446 337868 702032 45 68
Nov-22 556582 343624 703216 46 68
Nov-23 558166 35038 706056 46 68
Nov-24 561802 35358 710 47 68
Nov-25 568802 360124 716752 48 69
Nov-26 574546 364332 720672 48 69
Nov-27 57893 36952 724824 49 69
Nov-28 582814 377852 729172 5 69
Nov-29 58561 388264 730416 51 7
Nov-30 588422 396364 732412 52 7
Dec-01 591438 407728 735704 52 7
Dec-02 594274 414648 738192 53 7
Dec-03 597002 42232 740312 54 7
Dec-04 601042 427388 743156 55 7
Dec-05 605394 43246 750432 56 7
Dec-06 610078 438292 75839 56 7
Dec-07 617094 447072 763426 57 71
Dec-08 621458 45366 766248 57 71
Dec-09 623962 460588 7684 58 7
Dec-10 63095 46921 771594 59 7
Dec-11 635566 481482 775878 6 71
Dec-12 642502 48885 78275 6 71
Dec-13 649742 499602 78785 6 7
Dec-14 65815 509698 791862 61 71
Dec-15 662126 515178 797586 61 71
Dec-16 667966 522814 80215 61 71
Dec-17 673974 529578 810014 62 71
Dec-18 676898 537354 81391 62 71
Dec-19 680222 544574 815174 62 71
Dec-20 684598 55039 82225 62 71
Dec-21 689722 556622 82803 62 71
Dec-22 697602 560194 832886 62 71
Dec-23 70129 567118 838426 61 71
Dec-24 70669 573266 846136 61 71
Dec-25 708366 58053 848 61 72
Dec-26 710446 588766 852876 61 72
Dec-27 713818 595826 855604 6 72
Dec-28 71879 60375 860756 6 72
Dec-29 727414 610454 864652 6 72
Dec-30 733598 617218 871628 6 72
Dec-31 739248 626332 875934 59 73
Jan-01 743224 635558 87995 59 72
Jan-02 745184 64569 882542 58 73
Jan-03 749496 653898 885678 58 73
Jan-04 753786 664308 88883 58 73
Jan-05 758918 673588 893222 57 74
Jan-06 762998 685356 896982 57 74
Jan-07 766544 6916 901356 56 74
Jan-08 768952 700506 907956 56 75
Jan-09 77438 710522 913684 56 75
Jan-10 781904 718902 919052 55 75
Jan-11 788208 726078 925492 55 75
Jan-12 79456 735638 929744 55 76
Jan-13 800452 74447 93248 55 76
Jan-14 804716 753262 939044 54 76
Jan-15 810692 764854 947368 54 76
Jan-16 815796 773346 95577 54 77
Jan-17 82062 781266 96295 54 77
Jan-18 82456 788226 966778 54 77
Jan-19 829312 79381 969044 54 78
Jan-20 83652 800718 976852 54 78
Jan-21 840784 809782 980462 55 78
Jan-22 84686 815818 984158 55 79
Jan-23 852196 824174 988466 55 79
Jan-24 85726 831706 99199 55 79
Jan-25 866372 83847 100142 55 8
Jan-26 872064 846934 100761 55 8
Jan-27 878372 85433 101541 56 8
Jan-28 883588 85997 101846 56 8
Jan-29 889244 867398 102653 57 81
Jan-30 896468 876534 103566 57 81
Jan-31 90484 883646 10443 57 82
Feb-01 915208 891514 105294 58 82
Feb-02 921476 90037 106103 58 82
Feb-03 927964 909646 106442 59 82
Feb-04 93286 918026 107032 59 82
Feb-05 937408 928946 107763 59 82
Feb-06 94201 937412 108254 6 83
Feb-07 947086 952884 108552 6 83
Feb-08 952246 96228 109098 6 83
Feb-09 955886 968904 109558 6 83
Feb-10 96133 9754 110469 61 83
Feb-11 96697 981996 110991 6 83
Feb-12 969426 992592 111242 6 83
Feb-13 97417 999652 111567 6 83
Feb-14 980506 100768 112062 6 83
Feb-15 985954 101555 112725 6 83
Feb-16 99267 102422 1134 6 83
Feb-17 997258 103353 113994 6 83
Feb-18 100341 104026 114302 59 82
Feb-19 100826 104853 11448 59 82
Feb-20 10135 105757 115195 58 82
Feb-21 101997 106745 115619 58 82
Feb-22 102626 107418 115978 57 82
Feb-23 103088 108182 116461 56 82
Feb-24 103827 108792 117726 55 81
Feb-25 104473 10951 118573 55 81
Feb-26 104847 110097 119134 54 8
Feb-27 105214 110854 119655 53 8
Feb-28 105754 111584 119994 52 79
Mar-01 106131 112306 12051 51 79
Mar-02 106455 11297 12082 5 78
Mar-03 106966 113829 121208 49 78
Mar-04 107273 114705 121571 49 77
Mar-05 107551 115385 122014 48 77
Mar-06 107835 116451 122605 47 76
Mar-07 108221 117131 123162 46 76
Mar-08 108449 117625 123525 45 75
Mar-09 108706 118251 123844 45 75
Mar-10 109109 118828 124456 44 74
Mar-11 109385 119645 124956 43 73
Mar-12 109721 120487 125389 42 73
Mar-13 110119 121134 125913 42 72
Mar-14 110432 122035 126473 41 71
Mar-15 11068 122842 126772 41 7
Mar-16 110909 123543 127254 4 7
Mar-17 111538 124458 127636 4 68
Mar-18 112072 125557 128608 4 68
Mar-19 112325 126969 128885 39 67
Mar-20 112907 127667 129129 39 66
Mar-21 113171 128444 12943 39 65
Mar-22 113633 129037 129641 39 64
Mar-23 113946 129689 130187 38 63
Mar-24 114494 130371 130687 39 62
Mar-25 114798 13106 13116 39 61
Mar-26 115109 131501 131718 39 61
Mar-27 1155 132129 132139 39 6
Mar-28 115791 132728 132677 39 58
Mar-29 116153 133382 133207 39 58
Mar-30 116608 134038 133786 4 57
Mar-31 116879 134388 134263 4 56
Apr-01 117448 13481 135173 4 55
Apr-02 117731 135548 135867 4 54
Apr-03 117943 136158 136402 41 53
Apr-04 118451 136585 137352 41 52
Apr-05 118751 136883 137983 42 51
Apr-06 118931 137352 138669 42 5
Apr-07 119668 137681 139307 42 49
Apr-08 120095 137925 139919 43 48
Apr-09 120417 138207 140221 43 47
Apr-10 120927 138485 140749 44 46
Apr-11 121133 138983 141135 44 45
Apr-12 121383 139608 141819 44 44
Apr-13 122001 14036 142518 45 43
Apr-14 122484 140746 143004 45 42
Apr-15 123102 14132 143888 46 41
Apr-16 123593 141693 144598 46 4
Apr-17 124211 142326 14511 46 39
Apr-18 124985 142663 145816 46 38
Apr-19 125699 143123 146355 46 37
Apr-20 126363 143359 146813 47 36
Apr-21 126625 143631 14718 47 35
Apr-22 126848 143999 147422 47 35
Apr-23 127155 144221 14801 47 34
Apr-24 127786 144374 148823 47 33
Apr-25 128226 144671 149713 47 32
Apr-26 128702 144918 150257 47 31
Apr-27 128934 145129 150715 47 31
Apr-28 12922 145279 151235 47 3
Apr-29 129737 145416 151968 47 29
Apr-30 130073 145645 152481 47 28
May-01 130327 145749 152759 46 27
May-02 130623 145967 153177 46 27
May-03 131046 146091 153532 46 26
May-04 131572 14629 154097 46 25
May-05 131847 146391 154588 46 24
May-06 132538 146643 154808 45 24
May-07 132866 146852 155413 45 23
May-08 13334 146912 15599 45 22
May-09 133673 147045 156414 45 22
May-10 134007 147091 15677 45 21
May-11 134298 147144 157185 44 2
May-12 13464 147175 157683 44 2
May-13 135307 147252 158313 44 19
May-14 135985 147549 158803 44 19
May-15 13632 147685 15911 44 18
May-16 136885 147977 159807 44 17
May-17 137428 148068 160351 44 17
May-18 138029 148179 160972 43 16
May-19 138529 148214 161583 44 15
May-20 139212 148227 162319 44 15
May-21 140112 148465 163037 44 14
May-22 140769 148569 163618 44 14
May-23 141341 148687 164089 44 14
May-24 141704 148804 164369 44 13
May-25 142195 148864 164796 44 12
May-26 142465 148911 165278 44 12
May-27 142872 149025 166129 44 11
May-28 143259 149056 16711 44 11
May-29 143676 149113 167891 44 11
May-30 1442 149161 168626 44 11
May-31 144545 149393 169258 44 1
Jun-01 144785 149493 169409 44 1
Jun-02 144969 149569 169717 45 09
Jun-03 145211 149575 170452 44 09
Jun-04 145532 149647 170986 44 09
Jun-05 146458 14967 171959 45 08
Jun-06 147033 149791 172742 45 08
Jun-07 147535 149896 173169 45 08
Jun-08 147838 149911 173672 45 07
Jun-09 148111 149915 174203 45 07
Jun-10 148302 149975 174903 44 07
Jun-11 148548 149975 175279 44 07
Jun-12 148795 149975 175763 44 07
Jun-13 149169 149975 176279 44 07
Jun-14 149886 149981 176859 44 07
Jun-15 150168 150142 17703 44 06
Jun-16 150462 150186 177623 43 06
Jun-17 150731 15021 178343 43 06
Jun-18 151447 150243 178887 42 06
Jun-19 152109 150247 179668 42 06
Jun-20 152758 150287 179981 41 06
Jun-21 153139 150315 180324 41 06
Jun-22 153321 150421 180658 4 06
Jun-23 153536 150428 181094 4 05
Jun-24 154122 150543 181596 39 05
Jun-25 154487 15062 181875 38 06
Jun-26 154764 150696 182241 38 06
Jun-27 15517 150702 182588 37 06
Jun-28 155453 15071 182874 36 05
Jun-29 155786 150817 183159 36 05
Jun-30 15612 150901 183853 35 06
Jul-01 Jul-01
Jul-02 Jul-02
Jul-03 Jul-03
Jul-04 Jul-04
Jul-05 Jul-05
Jul-06 Jul-06
Jul-07 Jul-07
Jul-08 Jul-08
Jul-09 Jul-09
Jul-10 Jul-10
Jul-11 Jul-11
Jul-12 Jul-12
Jul-13 Jul-13
Jul-14 Jul-14
Jul-15 Jul-15
Jul-16 Jul-16
Jul-17 Jul-17
Jul-18 Jul-18
Jul-19 Jul-19
Jul-20 Jul-20
Jul-21 Jul-21
Jul-22 Jul-22
Jul-23 Jul-23
Jul-24 Jul-24
Jul-25 Jul-25
Jul-26 Jul-26
Jul-27 Jul-27
Jul-28 Jul-28
Jul-29 Jul-29
Jul-30 Jul-30
Jul-31 Jul-31
Aug-01 Aug-01
Aug-02 Aug-02
Aug-03 Aug-03
Aug-04 Aug-04
Aug-05 Aug-05
Aug-06 Aug-06
Aug-07 Aug-07
Aug-08 Aug-08
Aug-09 Aug-09
Aug-10 Aug-10
Aug-11 Aug-11
Aug-12 Aug-12
Aug-13 Aug-13
Aug-14 Aug-14
Aug-15 Aug-15
Aug-16 Aug-16
Aug-17 Aug-17
Aug-18 Aug-18
Aug-19 Aug-19
Aug-20 Aug-20
Aug-21 Aug-21
Aug-22 Aug-22
Aug-23 Aug-23
Aug-24 Aug-24
Aug-25 Aug-25
Aug-26 Aug-26
Aug-27 Aug-27
Aug-28 Aug-28
Aug-29 Aug-29
Aug-30 Aug-30
Aug-31 Aug-31
Sep-01 Sep-01
Sep-02 Sep-02
Sep-03 Sep-03
Sep-04 Sep-04
Sep-05 Sep-05
Sep-06 Sep-06
Sep-07 Sep-07
Sep-08 Sep-08
Sep-09 Sep-09
Sep-10 Sep-10
Sep-11 Sep-11
Sep-12 Sep-12
Sep-13 Sep-13
Sep-14 Sep-14
Sep-15 Sep-15
Sep-16 Sep-16
Sep-17 Sep-17
Sep-18 Sep-18
Sep-19 Sep-19
Sep-20 Sep-20
Sep-21 Sep-21
Sep-22 Sep-22
Sep-23 Sep-23
Sep-24 Sep-24
Sep-25 Sep-25
Sep-26 Sep-26
Sep-27 Sep-27
Sep-28 Sep-28
Sep-29 Sep-29
Sep-30 Sep-30
Oct-01 Oct-01
Oct-02 Oct-02
Oct-03 Oct-03
Oct-04 Oct-04
Oct-05 Oct-05
Oct-06 Oct-06
Oct-07 Oct-07
Oct-08 Oct-08
Oct-09 Oct-09
Oct-10 Oct-10
Oct-11 Oct-11
Oct-12 Oct-12
Oct-13 Oct-13
Oct-14 Oct-14
Oct-15 Oct-15
Oct-16 Oct-16
Oct-17 Oct-17
Oct-18 Oct-18
Oct-19 Oct-19
Oct-20 Oct-20
Oct-21 Oct-21
Oct-22 Oct-22
Oct-23 Oct-23
Oct-24 Oct-24
Oct-25 Oct-25
Oct-26 Oct-26
Oct-27 Oct-27
Oct-28 Oct-28
Oct-29 Oct-29
Oct-30 Oct-30
Oct-31 Oct-31
Nov-01 Nov-01
Nov-02 Nov-02
Nov-03 Nov-03
Nov-04 Nov-04
Nov-05 Nov-05
Nov-06 Nov-06
Nov-07 Nov-07
Nov-08 Nov-08
Nov-09 Nov-09
Nov-10 Nov-10
Nov-11 Nov-11
Nov-12 Nov-12
Nov-13 Nov-13
Nov-14 Nov-14
Nov-15 Nov-15
Nov-16 Nov-16
Nov-17 Nov-17
Nov-18 Nov-18
Nov-19 Nov-19
Nov-20 Nov-20
Nov-21 Nov-21
Nov-22 Nov-22
Nov-23 Nov-23
Nov-24 Nov-24
Nov-25 Nov-25
Nov-26 Nov-26
Nov-27 Nov-27
Nov-28 Nov-28
Nov-29 Nov-29
Nov-30 Nov-30
Dec-01 Dec-01
Dec-02 Dec-02
Dec-03 Dec-03
Dec-04 Dec-04
Dec-05 Dec-05
Dec-06 Dec-06
Dec-07 Dec-07
Dec-08 Dec-08
Dec-09 Dec-09
Dec-10 Dec-10
Dec-11 Dec-11
Dec-12 Dec-12
Dec-13 Dec-13
Dec-14 Dec-14
Dec-15 Dec-15
Dec-16 Dec-16
Dec-17 Dec-17
Dec-18 Dec-18
Dec-19 Dec-19
Dec-20 Dec-20
Dec-21 Dec-21
Dec-22 Dec-22
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Mar-01 Mar-01
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Mar-16 Mar-16
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Mar-18 Mar-18
Mar-19 Mar-19
Mar-20 Mar-20
Mar-21 Mar-21
Mar-22 Mar-22
Mar-23 Mar-23
Mar-24 Mar-24
Mar-25 Mar-25
Mar-26 Mar-26
Mar-27 Mar-27
Mar-28 Mar-28
Mar-29 Mar-29
Mar-30 Mar-30
Mar-31 Mar-31
Apr-01 Apr-01
Apr-02 Apr-02
Apr-03 Apr-03
Apr-04 Apr-04
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Apr-06 Apr-06
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Apr-23 Apr-23
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Apr-26 Apr-26
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May-01 May-01
May-02 May-02
May-03 May-03
May-04 May-04
May-05 May-05
May-06 May-06
May-07 May-07
May-08 May-08
May-09 May-09
May-10 May-10
May-11 May-11
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May-15 May-15
May-16 May-16
May-17 May-17
May-18 May-18
May-19 May-19
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May-21 May-21
May-22 May-22
May-23 May-23
May-24 May-24
May-25 May-25
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May-28 May-28
May-29 May-29
May-30 May-30
May-31 May-31
Jun-01 Jun-01
Jun-02 Jun-02
Jun-03 Jun-03
Jun-04 Jun-04
Jun-05 Jun-05
Jun-06 Jun-06
Jun-07 Jun-07
Jun-08 Jun-08
Jun-09 Jun-09
Jun-10 Jun-10
Jun-11 Jun-11
Jun-12 Jun-12
Jun-13 Jun-13
Jun-14 Jun-14
Jun-15 Jun-15
Jun-16 Jun-16
Jun-17 Jun-17
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Page 6: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

World Rice Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 4954 5016 57 62United States 57 71 -- 15

Foreign 4897 4944 57 47Argentina 09 08 -- -01Brazil 82 75 -03 -07Egypt 43 28 -- -15Australia 045 008 -038Bangladesh 327 350 05 24Burma 132 131 -- -01Cambodia 54 55 -- 01China 1489 1485 -- -04India 1129 1160 50 31Indonesia 370 373 -- 03Japan 78 77 -- -01Sri Lanka 22 26 -- 04Pakistan 75 75 01 01Philippines 122 122 -- -01Thailand 204 207 -- 03Vietnam 285 291 -- 06

-- No change Rounds to zero

---------------- Million Tons ----------------

Roughly 60 irrigated

March 8 2019

March 8 2019

India 201819 Rice Production

106646

105482

104408

109698

11291

116

98

100

102

104

106

108

110

112

114

116

118

2013 2014 2015 2016 2017 2018f

Prod

uctio

n (m

mt)

March 8 2019

World Rice Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 1500 1626 06 126Production 4954 5016 57 62Total Supply 6453 6642 63 188Total use 4827 4920 17 92

Trade 471 474 -04 02Ending Stocks 1626 1722 46 96

---------------- Million Tons ----------------

US Rice Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 246 295 -- 048Harvested area (million acres) 237 292 -- 054Yield (pounds per acre) 7507 7692 -- 185

------------ Million cwt ------------Beginning stocks 460 294 -- -167Production 1782 2242 -- 460Imports 269 290 05 21Total supply 2512 2826 05 314

Domestic use 1348 1350 -- 02Exports 870 980 -20 110Total use 2218 2330 -20 112

Ending stocks 294 496 25 202----------------- Percent -----------------

Stocks to use ratio 132 213 12 80

Average market price 1290 11701270 010 -070-- No change

------------ Dollars per cwt ------------

World Corn Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 10762 11012 16 249United States 3711 3663 -- -48

Foreign 7051 7349 16 297Argentina 320 460 -- 140Brazil 820 945 -- 125Mexico 275 256 -- -19Canada 141 139 -- -02European Union 621 609 02 -12Serbia 40 70 -- 30FSU-12 422 521 03 99Ukraine 241 355 -- 114Russia 132 114 02 -18

South Africa 131 110 -05 -21China 2591 2573 -- -17India 287 278 18 -09

-- No change

---------------- Million Tons ----------------

Brazil Corn (Second Crop)

Major

Corn ProductionAverage (2011-13)

IntensityProductionMinor

Source IBGEAgricultural Weather AssessmentsWorld Agricultural Outlook Board

Rio Grandedo Sul

SantaCatarina

Mato GrossoBahia

Mato Grossodo Sul

Parana

SaoPaulo

MinasGerais

Goias

Tocantins

Maranhao

Piaui

a ndash Cearab ndash Rio Grande do Nortec ndash Paraibad ndash Pernambucoe ndash Alagoasf ndash Sergipeh ndash Espirito Santoi ndash Rio de Janeiro

abc

de

f

h

i

Para

Amazonas

Rondonia

Roraima

Amapa

Acre

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2nd Corn crop calendar for most of Center-South Brazil

Plant

Harvest

Source IBGE Brazil

State-Level Production(as of total)

Mato GrossoParanaMato Grosso do SulGoiasSao PauloMinas GeraisSergipeBahiaMaranhaoRondoniaOther States

39251512

311111

~1

2011 to 2013 Average

March 8 2019

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

Mato Grosso corn is the record earliest planted 96 of 2nd-crop corn has been planted

Rapid soybean harvest allowed for early planting of corn in Mato Grosso

Mato Grosso CornPercent Planted

Source Safras e MercadoPeriod Ending (Approximate Date)

Source IMEA Source IMEA

Perc

ent

Perc

ent

Period Ending (Approximate Date)

Mato Grosso SoybeansPercent Harvested

March 8 2019

Brazil Normal Daily Rainfall (mm)

0123456789

Jul

-01

Jul

-23

Aug

-14

Sep

-05

Sep

-27

Oct

-19

Nov

-10

Dec

-02

Dec

-24

Jan

-15

Feb

-06

Feb

-28

Mar

-22

Apr

-13

May

-05

May

-27

Jun

-18

Parana MT

Early March

Mato Grosso

Parana

Agricultural Weather AssessmentsWorld Agricultural Outlook Board March 8 2019

Chart4

Parana
MT
Brazil Normal Daily Rainfall (mm)
34
05
33
05
33
05
32
05
31
06
3
05
3
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29
05
28
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28
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11
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31
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34
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41
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5
69
51
7
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7
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7
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7
56
7
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71
57
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7
59
7
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7
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79
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8
55
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81
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6
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79
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7
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68
4
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39
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45
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4
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39
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05
35
06

Rainfall normals

Rainfall normals

Parana
MT
Brazil Normal Daily Rainfall (mm)

Sheet2

Sheet3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Cumulative Daily
Parana MT RGDS Parana MT
Jul-01 2764 0 7088 34 05
Jul-02 5128 0 12232 33 05
Jul-03 86 0952 18532 33 05
Jul-04 11196 2116 21512 32 05
Jul-05 12908 214 25204 31 06
Jul-06 15308 246 31972 3 05
Jul-07 19736 246 38674 3 05
Jul-08 23852 2464 4448 29 05
Jul-09 29252 3412 5054 28 05
Jul-10 32968 3748 55088 28 05
Jul-11 352 384 60272 27 05
Jul-12 37316 392 61724 27 05
Jul-13 38576 3932 62328 26 05
Jul-14 38684 396 63566 25 05
Jul-15 39676 3976 66248 25 05
Jul-16 44864 3976 72016 24 05
Jul-17 4847 3976 76014 24 05
Jul-18 5265 4128 80946 24 05
Jul-19 56222 4228 86874 23 05
Jul-20 58754 456 92074 23 05
Jul-21 62098 4616 95112 23 05
Jul-22 63482 47 98508 23 05
Jul-23 66322 6736 10102 23 05
Jul-24 66826 6868 102116 22 05
Jul-25 68194 7008 104668 22 05
Jul-26 69974 7432 10911 22 05
Jul-27 72834 7488 113962 22 05
Jul-28 75074 7568 118294 22 05
Jul-29 76562 7608 124178 22 05
Jul-30 78202 7628 129238 22 05
Jul-31 80654 8448 135082 23 05
Aug-01 84138 9236 140582 23 05
Aug-02 86938 9384 144806 23 05
Aug-03 88686 9452 150098 23 05
Aug-04 90358 996 155774 23 06
Aug-05 92794 11416 158934 23 06
Aug-06 9575 12692 162478 24 05
Aug-07 98422 127 167014 24 05
Aug-08 100086 12704 170066 24 05
Aug-09 102978 12704 177274 24 06
Aug-10 105066 1304 180992 25 06
Aug-11 106538 1312 18366 25 06
Aug-12 108098 13508 185076 25 06
Aug-13 108986 13644 186364 25 06
Aug-14 111482 13908 18984 26 07
Aug-15 11377 15204 195176 26 07
Aug-16 117674 1592 201236 27 08
Aug-17 11985 1596 20416 27 08
Aug-18 123498 16052 208836 27 08
Aug-19 12841 1614 211548 28 08
Aug-20 13183 16564 21698 28 09
Aug-21 135826 17052 221748 28 09
Aug-22 138234 17196 223168 29 09
Aug-23 139438 18948 225216 29 1
Aug-24 14061 19588 228608 29 1
Aug-25 143082 21084 231288 3 11
Aug-26 144454 22012 235172 3 11
Aug-27 149278 22012 238864 3 12
Aug-28 15179 22856 24076 31 12
Aug-29 153774 24556 243712 31 13
Aug-30 154746 25356 246228 32 13
Aug-31 158766 26432 251112 32 13
Sep-01 161398 28168 255196 33 14
Sep-02 16531 30132 257996 33 14
Sep-03 167078 30308 259736 34 15
Sep-04 17003 30388 263592 34 16
Sep-05 173546 30768 26666 35 16
Sep-06 175398 3148 268684 36 17
Sep-07 181814 3268 272 37 17
Sep-08 187614 36846 277494 37 18
Sep-09 191406 38834 281182 38 18
Sep-10 192502 4009 284174 39 19
Sep-11 193486 41462 292254 39 2
Sep-12 199146 42282 302174 4 2
Sep-13 205058 44022 308424 41 21
Sep-14 211134 45642 31666 42 22
Sep-15 218042 4695 325528 43 22
Sep-16 221954 49078 330032 44 22
Sep-17 224018 49926 332248 45 23
Sep-18 228086 50494 340216 46 24
Sep-19 232194 53954 34878 47 24
Sep-20 23891 54818 355518 48 25
Sep-21 240914 56926 361376 48 26
Sep-22 244254 58866 365848 49 26
Sep-23 248926 60538 37564 5 27
Sep-24 256398 6307 389776 51 28
Sep-25 26425 65454 395308 52 28
Sep-26 268946 69902 40004 53 29
Sep-27 27237 70662 4038 53 29
Sep-28 277442 72082 407884 54 3
Sep-29 284522 76594 413128 55 31
Sep-30 290042 81582 418636 56 31
Oct-01 299106 84374 427364 56 32
Oct-02 305186 8773 431952 57 33
Oct-03 308186 89546 436956 57 33
Oct-04 31191 94862 442232 58 34
Oct-05 315982 9665 452052 58 35
Oct-06 322018 100354 4593 58 36
Oct-07 32445 103338 461674 59 36
Oct-08 330414 10633 46959 59 37
Oct-09 33641 10839 478896 59 38
Oct-10 342482 112878 4864 59 38
Oct-11 349454 115038 49178 59 39
Oct-12 35571 11893 498376 59 4
Oct-13 362234 123062 50792 59 41
Oct-14 367638 126802 513484 59 41
Oct-15 369866 129274 519524 58 42
Oct-16 375386 13339 528236 58 43
Oct-17 383966 13761 539512 58 44
Oct-18 388114 141006 54398 57 45
Oct-19 39491 146666 547548 57 45
Oct-20 401666 150358 554624 56 46
Oct-21 406878 153806 560316 56 47
Oct-22 411594 157198 563256 55 48
Oct-23 414694 163434 566624 55 48
Oct-24 41811 168974 571808 54 49
Oct-25 424658 173138 577804 53 5
Oct-26 433038 178442 585308 52 51
Oct-27 442146 18707 5891 52 52
Oct-28 444998 192174 592184 51 52
Oct-29 447778 195098 59562 5 53
Oct-30 449114 202238 599922 49 54
Oct-31 453102 207962 606102 49 55
Nov-01 460738 21235 611414 48 55
Nov-02 46535 217874 616194 47 56
Nov-03 471222 224532 620408 47 57
Nov-04 47721 229184 626328 46 58
Nov-05 481826 236736 63376 46 59
Nov-06 490546 240048 643056 45 59
Nov-07 493758 244132 645724 45 6
Nov-08 49723 248816 650184 44 61
Nov-09 500526 255364 654412 44 61
Nov-10 505182 26546 65976 44 62
Nov-11 509178 271336 664348 44 62
Nov-12 513334 276676 66896 43 63
Nov-13 519854 282156 675124 43 64
Nov-14 52521 28843 678284 43 64
Nov-15 53069 292758 680652 43 65
Nov-16 533158 304166 684364 43 65
Nov-17 537386 30969 68864 44 66
Nov-18 54063 31615 693612 44 66
Nov-19 54451 320838 697756 44 66
Nov-20 548162 331762 699288 45 67
Nov-21 552446 337868 702032 45 68
Nov-22 556582 343624 703216 46 68
Nov-23 558166 35038 706056 46 68
Nov-24 561802 35358 710 47 68
Nov-25 568802 360124 716752 48 69
Nov-26 574546 364332 720672 48 69
Nov-27 57893 36952 724824 49 69
Nov-28 582814 377852 729172 5 69
Nov-29 58561 388264 730416 51 7
Nov-30 588422 396364 732412 52 7
Dec-01 591438 407728 735704 52 7
Dec-02 594274 414648 738192 53 7
Dec-03 597002 42232 740312 54 7
Dec-04 601042 427388 743156 55 7
Dec-05 605394 43246 750432 56 7
Dec-06 610078 438292 75839 56 7
Dec-07 617094 447072 763426 57 71
Dec-08 621458 45366 766248 57 71
Dec-09 623962 460588 7684 58 7
Dec-10 63095 46921 771594 59 7
Dec-11 635566 481482 775878 6 71
Dec-12 642502 48885 78275 6 71
Dec-13 649742 499602 78785 6 7
Dec-14 65815 509698 791862 61 71
Dec-15 662126 515178 797586 61 71
Dec-16 667966 522814 80215 61 71
Dec-17 673974 529578 810014 62 71
Dec-18 676898 537354 81391 62 71
Dec-19 680222 544574 815174 62 71
Dec-20 684598 55039 82225 62 71
Dec-21 689722 556622 82803 62 71
Dec-22 697602 560194 832886 62 71
Dec-23 70129 567118 838426 61 71
Dec-24 70669 573266 846136 61 71
Dec-25 708366 58053 848 61 72
Dec-26 710446 588766 852876 61 72
Dec-27 713818 595826 855604 6 72
Dec-28 71879 60375 860756 6 72
Dec-29 727414 610454 864652 6 72
Dec-30 733598 617218 871628 6 72
Dec-31 739248 626332 875934 59 73
Jan-01 743224 635558 87995 59 72
Jan-02 745184 64569 882542 58 73
Jan-03 749496 653898 885678 58 73
Jan-04 753786 664308 88883 58 73
Jan-05 758918 673588 893222 57 74
Jan-06 762998 685356 896982 57 74
Jan-07 766544 6916 901356 56 74
Jan-08 768952 700506 907956 56 75
Jan-09 77438 710522 913684 56 75
Jan-10 781904 718902 919052 55 75
Jan-11 788208 726078 925492 55 75
Jan-12 79456 735638 929744 55 76
Jan-13 800452 74447 93248 55 76
Jan-14 804716 753262 939044 54 76
Jan-15 810692 764854 947368 54 76
Jan-16 815796 773346 95577 54 77
Jan-17 82062 781266 96295 54 77
Jan-18 82456 788226 966778 54 77
Jan-19 829312 79381 969044 54 78
Jan-20 83652 800718 976852 54 78
Jan-21 840784 809782 980462 55 78
Jan-22 84686 815818 984158 55 79
Jan-23 852196 824174 988466 55 79
Jan-24 85726 831706 99199 55 79
Jan-25 866372 83847 100142 55 8
Jan-26 872064 846934 100761 55 8
Jan-27 878372 85433 101541 56 8
Jan-28 883588 85997 101846 56 8
Jan-29 889244 867398 102653 57 81
Jan-30 896468 876534 103566 57 81
Jan-31 90484 883646 10443 57 82
Feb-01 915208 891514 105294 58 82
Feb-02 921476 90037 106103 58 82
Feb-03 927964 909646 106442 59 82
Feb-04 93286 918026 107032 59 82
Feb-05 937408 928946 107763 59 82
Feb-06 94201 937412 108254 6 83
Feb-07 947086 952884 108552 6 83
Feb-08 952246 96228 109098 6 83
Feb-09 955886 968904 109558 6 83
Feb-10 96133 9754 110469 61 83
Feb-11 96697 981996 110991 6 83
Feb-12 969426 992592 111242 6 83
Feb-13 97417 999652 111567 6 83
Feb-14 980506 100768 112062 6 83
Feb-15 985954 101555 112725 6 83
Feb-16 99267 102422 1134 6 83
Feb-17 997258 103353 113994 6 83
Feb-18 100341 104026 114302 59 82
Feb-19 100826 104853 11448 59 82
Feb-20 10135 105757 115195 58 82
Feb-21 101997 106745 115619 58 82
Feb-22 102626 107418 115978 57 82
Feb-23 103088 108182 116461 56 82
Feb-24 103827 108792 117726 55 81
Feb-25 104473 10951 118573 55 81
Feb-26 104847 110097 119134 54 8
Feb-27 105214 110854 119655 53 8
Feb-28 105754 111584 119994 52 79
Mar-01 106131 112306 12051 51 79
Mar-02 106455 11297 12082 5 78
Mar-03 106966 113829 121208 49 78
Mar-04 107273 114705 121571 49 77
Mar-05 107551 115385 122014 48 77
Mar-06 107835 116451 122605 47 76
Mar-07 108221 117131 123162 46 76
Mar-08 108449 117625 123525 45 75
Mar-09 108706 118251 123844 45 75
Mar-10 109109 118828 124456 44 74
Mar-11 109385 119645 124956 43 73
Mar-12 109721 120487 125389 42 73
Mar-13 110119 121134 125913 42 72
Mar-14 110432 122035 126473 41 71
Mar-15 11068 122842 126772 41 7
Mar-16 110909 123543 127254 4 7
Mar-17 111538 124458 127636 4 68
Mar-18 112072 125557 128608 4 68
Mar-19 112325 126969 128885 39 67
Mar-20 112907 127667 129129 39 66
Mar-21 113171 128444 12943 39 65
Mar-22 113633 129037 129641 39 64
Mar-23 113946 129689 130187 38 63
Mar-24 114494 130371 130687 39 62
Mar-25 114798 13106 13116 39 61
Mar-26 115109 131501 131718 39 61
Mar-27 1155 132129 132139 39 6
Mar-28 115791 132728 132677 39 58
Mar-29 116153 133382 133207 39 58
Mar-30 116608 134038 133786 4 57
Mar-31 116879 134388 134263 4 56
Apr-01 117448 13481 135173 4 55
Apr-02 117731 135548 135867 4 54
Apr-03 117943 136158 136402 41 53
Apr-04 118451 136585 137352 41 52
Apr-05 118751 136883 137983 42 51
Apr-06 118931 137352 138669 42 5
Apr-07 119668 137681 139307 42 49
Apr-08 120095 137925 139919 43 48
Apr-09 120417 138207 140221 43 47
Apr-10 120927 138485 140749 44 46
Apr-11 121133 138983 141135 44 45
Apr-12 121383 139608 141819 44 44
Apr-13 122001 14036 142518 45 43
Apr-14 122484 140746 143004 45 42
Apr-15 123102 14132 143888 46 41
Apr-16 123593 141693 144598 46 4
Apr-17 124211 142326 14511 46 39
Apr-18 124985 142663 145816 46 38
Apr-19 125699 143123 146355 46 37
Apr-20 126363 143359 146813 47 36
Apr-21 126625 143631 14718 47 35
Apr-22 126848 143999 147422 47 35
Apr-23 127155 144221 14801 47 34
Apr-24 127786 144374 148823 47 33
Apr-25 128226 144671 149713 47 32
Apr-26 128702 144918 150257 47 31
Apr-27 128934 145129 150715 47 31
Apr-28 12922 145279 151235 47 3
Apr-29 129737 145416 151968 47 29
Apr-30 130073 145645 152481 47 28
May-01 130327 145749 152759 46 27
May-02 130623 145967 153177 46 27
May-03 131046 146091 153532 46 26
May-04 131572 14629 154097 46 25
May-05 131847 146391 154588 46 24
May-06 132538 146643 154808 45 24
May-07 132866 146852 155413 45 23
May-08 13334 146912 15599 45 22
May-09 133673 147045 156414 45 22
May-10 134007 147091 15677 45 21
May-11 134298 147144 157185 44 2
May-12 13464 147175 157683 44 2
May-13 135307 147252 158313 44 19
May-14 135985 147549 158803 44 19
May-15 13632 147685 15911 44 18
May-16 136885 147977 159807 44 17
May-17 137428 148068 160351 44 17
May-18 138029 148179 160972 43 16
May-19 138529 148214 161583 44 15
May-20 139212 148227 162319 44 15
May-21 140112 148465 163037 44 14
May-22 140769 148569 163618 44 14
May-23 141341 148687 164089 44 14
May-24 141704 148804 164369 44 13
May-25 142195 148864 164796 44 12
May-26 142465 148911 165278 44 12
May-27 142872 149025 166129 44 11
May-28 143259 149056 16711 44 11
May-29 143676 149113 167891 44 11
May-30 1442 149161 168626 44 11
May-31 144545 149393 169258 44 1
Jun-01 144785 149493 169409 44 1
Jun-02 144969 149569 169717 45 09
Jun-03 145211 149575 170452 44 09
Jun-04 145532 149647 170986 44 09
Jun-05 146458 14967 171959 45 08
Jun-06 147033 149791 172742 45 08
Jun-07 147535 149896 173169 45 08
Jun-08 147838 149911 173672 45 07
Jun-09 148111 149915 174203 45 07
Jun-10 148302 149975 174903 44 07
Jun-11 148548 149975 175279 44 07
Jun-12 148795 149975 175763 44 07
Jun-13 149169 149975 176279 44 07
Jun-14 149886 149981 176859 44 07
Jun-15 150168 150142 17703 44 06
Jun-16 150462 150186 177623 43 06
Jun-17 150731 15021 178343 43 06
Jun-18 151447 150243 178887 42 06
Jun-19 152109 150247 179668 42 06
Jun-20 152758 150287 179981 41 06
Jun-21 153139 150315 180324 41 06
Jun-22 153321 150421 180658 4 06
Jun-23 153536 150428 181094 4 05
Jun-24 154122 150543 181596 39 05
Jun-25 154487 15062 181875 38 06
Jun-26 154764 150696 182241 38 06
Jun-27 15517 150702 182588 37 06
Jun-28 155453 15071 182874 36 05
Jun-29 155786 150817 183159 36 05
Jun-30 15612 150901 183853 35 06
Jul-01 Jul-01
Jul-02 Jul-02
Jul-03 Jul-03
Jul-04 Jul-04
Jul-05 Jul-05
Jul-06 Jul-06
Jul-07 Jul-07
Jul-08 Jul-08
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Aug-01 Aug-01
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Aug-07 Aug-07
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Aug-19 Aug-19
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Aug-22 Aug-22
Aug-23 Aug-23
Aug-24 Aug-24
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Aug-26 Aug-26
Aug-27 Aug-27
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Aug-29 Aug-29
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Aug-31 Aug-31
Sep-01 Sep-01
Sep-02 Sep-02
Sep-03 Sep-03
Sep-04 Sep-04
Sep-05 Sep-05
Sep-06 Sep-06
Sep-07 Sep-07
Sep-08 Sep-08
Sep-09 Sep-09
Sep-10 Sep-10
Sep-11 Sep-11
Sep-12 Sep-12
Sep-13 Sep-13
Sep-14 Sep-14
Sep-15 Sep-15
Sep-16 Sep-16
Sep-17 Sep-17
Sep-18 Sep-18
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Oct-06 Oct-06
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Oct-08 Oct-08
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Oct-31 Oct-31
Nov-01 Nov-01
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Nov-04 Nov-04
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Nov-07 Nov-07
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May-01 May-01
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May-17 May-17
May-18 May-18
May-19 May-19
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May-24 May-24
May-25 May-25
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May-27 May-27
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Jun-01 Jun-01
Jun-02 Jun-02
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Jun-08 Jun-08
Jun-09 Jun-09
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Page 7: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Roughly 60 irrigated

March 8 2019

March 8 2019

India 201819 Rice Production

106646

105482

104408

109698

11291

116

98

100

102

104

106

108

110

112

114

116

118

2013 2014 2015 2016 2017 2018f

Prod

uctio

n (m

mt)

March 8 2019

World Rice Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 1500 1626 06 126Production 4954 5016 57 62Total Supply 6453 6642 63 188Total use 4827 4920 17 92

Trade 471 474 -04 02Ending Stocks 1626 1722 46 96

---------------- Million Tons ----------------

US Rice Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 246 295 -- 048Harvested area (million acres) 237 292 -- 054Yield (pounds per acre) 7507 7692 -- 185

------------ Million cwt ------------Beginning stocks 460 294 -- -167Production 1782 2242 -- 460Imports 269 290 05 21Total supply 2512 2826 05 314

Domestic use 1348 1350 -- 02Exports 870 980 -20 110Total use 2218 2330 -20 112

Ending stocks 294 496 25 202----------------- Percent -----------------

Stocks to use ratio 132 213 12 80

Average market price 1290 11701270 010 -070-- No change

------------ Dollars per cwt ------------

World Corn Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 10762 11012 16 249United States 3711 3663 -- -48

Foreign 7051 7349 16 297Argentina 320 460 -- 140Brazil 820 945 -- 125Mexico 275 256 -- -19Canada 141 139 -- -02European Union 621 609 02 -12Serbia 40 70 -- 30FSU-12 422 521 03 99Ukraine 241 355 -- 114Russia 132 114 02 -18

South Africa 131 110 -05 -21China 2591 2573 -- -17India 287 278 18 -09

-- No change

---------------- Million Tons ----------------

Brazil Corn (Second Crop)

Major

Corn ProductionAverage (2011-13)

IntensityProductionMinor

Source IBGEAgricultural Weather AssessmentsWorld Agricultural Outlook Board

Rio Grandedo Sul

SantaCatarina

Mato GrossoBahia

Mato Grossodo Sul

Parana

SaoPaulo

MinasGerais

Goias

Tocantins

Maranhao

Piaui

a ndash Cearab ndash Rio Grande do Nortec ndash Paraibad ndash Pernambucoe ndash Alagoasf ndash Sergipeh ndash Espirito Santoi ndash Rio de Janeiro

abc

de

f

h

i

Para

Amazonas

Rondonia

Roraima

Amapa

Acre

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2nd Corn crop calendar for most of Center-South Brazil

Plant

Harvest

Source IBGE Brazil

State-Level Production(as of total)

Mato GrossoParanaMato Grosso do SulGoiasSao PauloMinas GeraisSergipeBahiaMaranhaoRondoniaOther States

39251512

311111

~1

2011 to 2013 Average

March 8 2019

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

Mato Grosso corn is the record earliest planted 96 of 2nd-crop corn has been planted

Rapid soybean harvest allowed for early planting of corn in Mato Grosso

Mato Grosso CornPercent Planted

Source Safras e MercadoPeriod Ending (Approximate Date)

Source IMEA Source IMEA

Perc

ent

Perc

ent

Period Ending (Approximate Date)

Mato Grosso SoybeansPercent Harvested

March 8 2019

Brazil Normal Daily Rainfall (mm)

0123456789

Jul

-01

Jul

-23

Aug

-14

Sep

-05

Sep

-27

Oct

-19

Nov

-10

Dec

-02

Dec

-24

Jan

-15

Feb

-06

Feb

-28

Mar

-22

Apr

-13

May

-05

May

-27

Jun

-18

Parana MT

Early March

Mato Grosso

Parana

Agricultural Weather AssessmentsWorld Agricultural Outlook Board March 8 2019

Chart4

Parana
MT
Brazil Normal Daily Rainfall (mm)
34
05
33
05
33
05
32
05
31
06
3
05
3
05
29
05
28
05
28
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69
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7
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4
06
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39
05
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06
38
06
37
06
36
05
36
05
35
06

Rainfall normals

Rainfall normals

Parana
MT
Brazil Normal Daily Rainfall (mm)

Sheet2

Sheet3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Cumulative Daily
Parana MT RGDS Parana MT
Jul-01 2764 0 7088 34 05
Jul-02 5128 0 12232 33 05
Jul-03 86 0952 18532 33 05
Jul-04 11196 2116 21512 32 05
Jul-05 12908 214 25204 31 06
Jul-06 15308 246 31972 3 05
Jul-07 19736 246 38674 3 05
Jul-08 23852 2464 4448 29 05
Jul-09 29252 3412 5054 28 05
Jul-10 32968 3748 55088 28 05
Jul-11 352 384 60272 27 05
Jul-12 37316 392 61724 27 05
Jul-13 38576 3932 62328 26 05
Jul-14 38684 396 63566 25 05
Jul-15 39676 3976 66248 25 05
Jul-16 44864 3976 72016 24 05
Jul-17 4847 3976 76014 24 05
Jul-18 5265 4128 80946 24 05
Jul-19 56222 4228 86874 23 05
Jul-20 58754 456 92074 23 05
Jul-21 62098 4616 95112 23 05
Jul-22 63482 47 98508 23 05
Jul-23 66322 6736 10102 23 05
Jul-24 66826 6868 102116 22 05
Jul-25 68194 7008 104668 22 05
Jul-26 69974 7432 10911 22 05
Jul-27 72834 7488 113962 22 05
Jul-28 75074 7568 118294 22 05
Jul-29 76562 7608 124178 22 05
Jul-30 78202 7628 129238 22 05
Jul-31 80654 8448 135082 23 05
Aug-01 84138 9236 140582 23 05
Aug-02 86938 9384 144806 23 05
Aug-03 88686 9452 150098 23 05
Aug-04 90358 996 155774 23 06
Aug-05 92794 11416 158934 23 06
Aug-06 9575 12692 162478 24 05
Aug-07 98422 127 167014 24 05
Aug-08 100086 12704 170066 24 05
Aug-09 102978 12704 177274 24 06
Aug-10 105066 1304 180992 25 06
Aug-11 106538 1312 18366 25 06
Aug-12 108098 13508 185076 25 06
Aug-13 108986 13644 186364 25 06
Aug-14 111482 13908 18984 26 07
Aug-15 11377 15204 195176 26 07
Aug-16 117674 1592 201236 27 08
Aug-17 11985 1596 20416 27 08
Aug-18 123498 16052 208836 27 08
Aug-19 12841 1614 211548 28 08
Aug-20 13183 16564 21698 28 09
Aug-21 135826 17052 221748 28 09
Aug-22 138234 17196 223168 29 09
Aug-23 139438 18948 225216 29 1
Aug-24 14061 19588 228608 29 1
Aug-25 143082 21084 231288 3 11
Aug-26 144454 22012 235172 3 11
Aug-27 149278 22012 238864 3 12
Aug-28 15179 22856 24076 31 12
Aug-29 153774 24556 243712 31 13
Aug-30 154746 25356 246228 32 13
Aug-31 158766 26432 251112 32 13
Sep-01 161398 28168 255196 33 14
Sep-02 16531 30132 257996 33 14
Sep-03 167078 30308 259736 34 15
Sep-04 17003 30388 263592 34 16
Sep-05 173546 30768 26666 35 16
Sep-06 175398 3148 268684 36 17
Sep-07 181814 3268 272 37 17
Sep-08 187614 36846 277494 37 18
Sep-09 191406 38834 281182 38 18
Sep-10 192502 4009 284174 39 19
Sep-11 193486 41462 292254 39 2
Sep-12 199146 42282 302174 4 2
Sep-13 205058 44022 308424 41 21
Sep-14 211134 45642 31666 42 22
Sep-15 218042 4695 325528 43 22
Sep-16 221954 49078 330032 44 22
Sep-17 224018 49926 332248 45 23
Sep-18 228086 50494 340216 46 24
Sep-19 232194 53954 34878 47 24
Sep-20 23891 54818 355518 48 25
Sep-21 240914 56926 361376 48 26
Sep-22 244254 58866 365848 49 26
Sep-23 248926 60538 37564 5 27
Sep-24 256398 6307 389776 51 28
Sep-25 26425 65454 395308 52 28
Sep-26 268946 69902 40004 53 29
Sep-27 27237 70662 4038 53 29
Sep-28 277442 72082 407884 54 3
Sep-29 284522 76594 413128 55 31
Sep-30 290042 81582 418636 56 31
Oct-01 299106 84374 427364 56 32
Oct-02 305186 8773 431952 57 33
Oct-03 308186 89546 436956 57 33
Oct-04 31191 94862 442232 58 34
Oct-05 315982 9665 452052 58 35
Oct-06 322018 100354 4593 58 36
Oct-07 32445 103338 461674 59 36
Oct-08 330414 10633 46959 59 37
Oct-09 33641 10839 478896 59 38
Oct-10 342482 112878 4864 59 38
Oct-11 349454 115038 49178 59 39
Oct-12 35571 11893 498376 59 4
Oct-13 362234 123062 50792 59 41
Oct-14 367638 126802 513484 59 41
Oct-15 369866 129274 519524 58 42
Oct-16 375386 13339 528236 58 43
Oct-17 383966 13761 539512 58 44
Oct-18 388114 141006 54398 57 45
Oct-19 39491 146666 547548 57 45
Oct-20 401666 150358 554624 56 46
Oct-21 406878 153806 560316 56 47
Oct-22 411594 157198 563256 55 48
Oct-23 414694 163434 566624 55 48
Oct-24 41811 168974 571808 54 49
Oct-25 424658 173138 577804 53 5
Oct-26 433038 178442 585308 52 51
Oct-27 442146 18707 5891 52 52
Oct-28 444998 192174 592184 51 52
Oct-29 447778 195098 59562 5 53
Oct-30 449114 202238 599922 49 54
Oct-31 453102 207962 606102 49 55
Nov-01 460738 21235 611414 48 55
Nov-02 46535 217874 616194 47 56
Nov-03 471222 224532 620408 47 57
Nov-04 47721 229184 626328 46 58
Nov-05 481826 236736 63376 46 59
Nov-06 490546 240048 643056 45 59
Nov-07 493758 244132 645724 45 6
Nov-08 49723 248816 650184 44 61
Nov-09 500526 255364 654412 44 61
Nov-10 505182 26546 65976 44 62
Nov-11 509178 271336 664348 44 62
Nov-12 513334 276676 66896 43 63
Nov-13 519854 282156 675124 43 64
Nov-14 52521 28843 678284 43 64
Nov-15 53069 292758 680652 43 65
Nov-16 533158 304166 684364 43 65
Nov-17 537386 30969 68864 44 66
Nov-18 54063 31615 693612 44 66
Nov-19 54451 320838 697756 44 66
Nov-20 548162 331762 699288 45 67
Nov-21 552446 337868 702032 45 68
Nov-22 556582 343624 703216 46 68
Nov-23 558166 35038 706056 46 68
Nov-24 561802 35358 710 47 68
Nov-25 568802 360124 716752 48 69
Nov-26 574546 364332 720672 48 69
Nov-27 57893 36952 724824 49 69
Nov-28 582814 377852 729172 5 69
Nov-29 58561 388264 730416 51 7
Nov-30 588422 396364 732412 52 7
Dec-01 591438 407728 735704 52 7
Dec-02 594274 414648 738192 53 7
Dec-03 597002 42232 740312 54 7
Dec-04 601042 427388 743156 55 7
Dec-05 605394 43246 750432 56 7
Dec-06 610078 438292 75839 56 7
Dec-07 617094 447072 763426 57 71
Dec-08 621458 45366 766248 57 71
Dec-09 623962 460588 7684 58 7
Dec-10 63095 46921 771594 59 7
Dec-11 635566 481482 775878 6 71
Dec-12 642502 48885 78275 6 71
Dec-13 649742 499602 78785 6 7
Dec-14 65815 509698 791862 61 71
Dec-15 662126 515178 797586 61 71
Dec-16 667966 522814 80215 61 71
Dec-17 673974 529578 810014 62 71
Dec-18 676898 537354 81391 62 71
Dec-19 680222 544574 815174 62 71
Dec-20 684598 55039 82225 62 71
Dec-21 689722 556622 82803 62 71
Dec-22 697602 560194 832886 62 71
Dec-23 70129 567118 838426 61 71
Dec-24 70669 573266 846136 61 71
Dec-25 708366 58053 848 61 72
Dec-26 710446 588766 852876 61 72
Dec-27 713818 595826 855604 6 72
Dec-28 71879 60375 860756 6 72
Dec-29 727414 610454 864652 6 72
Dec-30 733598 617218 871628 6 72
Dec-31 739248 626332 875934 59 73
Jan-01 743224 635558 87995 59 72
Jan-02 745184 64569 882542 58 73
Jan-03 749496 653898 885678 58 73
Jan-04 753786 664308 88883 58 73
Jan-05 758918 673588 893222 57 74
Jan-06 762998 685356 896982 57 74
Jan-07 766544 6916 901356 56 74
Jan-08 768952 700506 907956 56 75
Jan-09 77438 710522 913684 56 75
Jan-10 781904 718902 919052 55 75
Jan-11 788208 726078 925492 55 75
Jan-12 79456 735638 929744 55 76
Jan-13 800452 74447 93248 55 76
Jan-14 804716 753262 939044 54 76
Jan-15 810692 764854 947368 54 76
Jan-16 815796 773346 95577 54 77
Jan-17 82062 781266 96295 54 77
Jan-18 82456 788226 966778 54 77
Jan-19 829312 79381 969044 54 78
Jan-20 83652 800718 976852 54 78
Jan-21 840784 809782 980462 55 78
Jan-22 84686 815818 984158 55 79
Jan-23 852196 824174 988466 55 79
Jan-24 85726 831706 99199 55 79
Jan-25 866372 83847 100142 55 8
Jan-26 872064 846934 100761 55 8
Jan-27 878372 85433 101541 56 8
Jan-28 883588 85997 101846 56 8
Jan-29 889244 867398 102653 57 81
Jan-30 896468 876534 103566 57 81
Jan-31 90484 883646 10443 57 82
Feb-01 915208 891514 105294 58 82
Feb-02 921476 90037 106103 58 82
Feb-03 927964 909646 106442 59 82
Feb-04 93286 918026 107032 59 82
Feb-05 937408 928946 107763 59 82
Feb-06 94201 937412 108254 6 83
Feb-07 947086 952884 108552 6 83
Feb-08 952246 96228 109098 6 83
Feb-09 955886 968904 109558 6 83
Feb-10 96133 9754 110469 61 83
Feb-11 96697 981996 110991 6 83
Feb-12 969426 992592 111242 6 83
Feb-13 97417 999652 111567 6 83
Feb-14 980506 100768 112062 6 83
Feb-15 985954 101555 112725 6 83
Feb-16 99267 102422 1134 6 83
Feb-17 997258 103353 113994 6 83
Feb-18 100341 104026 114302 59 82
Feb-19 100826 104853 11448 59 82
Feb-20 10135 105757 115195 58 82
Feb-21 101997 106745 115619 58 82
Feb-22 102626 107418 115978 57 82
Feb-23 103088 108182 116461 56 82
Feb-24 103827 108792 117726 55 81
Feb-25 104473 10951 118573 55 81
Feb-26 104847 110097 119134 54 8
Feb-27 105214 110854 119655 53 8
Feb-28 105754 111584 119994 52 79
Mar-01 106131 112306 12051 51 79
Mar-02 106455 11297 12082 5 78
Mar-03 106966 113829 121208 49 78
Mar-04 107273 114705 121571 49 77
Mar-05 107551 115385 122014 48 77
Mar-06 107835 116451 122605 47 76
Mar-07 108221 117131 123162 46 76
Mar-08 108449 117625 123525 45 75
Mar-09 108706 118251 123844 45 75
Mar-10 109109 118828 124456 44 74
Mar-11 109385 119645 124956 43 73
Mar-12 109721 120487 125389 42 73
Mar-13 110119 121134 125913 42 72
Mar-14 110432 122035 126473 41 71
Mar-15 11068 122842 126772 41 7
Mar-16 110909 123543 127254 4 7
Mar-17 111538 124458 127636 4 68
Mar-18 112072 125557 128608 4 68
Mar-19 112325 126969 128885 39 67
Mar-20 112907 127667 129129 39 66
Mar-21 113171 128444 12943 39 65
Mar-22 113633 129037 129641 39 64
Mar-23 113946 129689 130187 38 63
Mar-24 114494 130371 130687 39 62
Mar-25 114798 13106 13116 39 61
Mar-26 115109 131501 131718 39 61
Mar-27 1155 132129 132139 39 6
Mar-28 115791 132728 132677 39 58
Mar-29 116153 133382 133207 39 58
Mar-30 116608 134038 133786 4 57
Mar-31 116879 134388 134263 4 56
Apr-01 117448 13481 135173 4 55
Apr-02 117731 135548 135867 4 54
Apr-03 117943 136158 136402 41 53
Apr-04 118451 136585 137352 41 52
Apr-05 118751 136883 137983 42 51
Apr-06 118931 137352 138669 42 5
Apr-07 119668 137681 139307 42 49
Apr-08 120095 137925 139919 43 48
Apr-09 120417 138207 140221 43 47
Apr-10 120927 138485 140749 44 46
Apr-11 121133 138983 141135 44 45
Apr-12 121383 139608 141819 44 44
Apr-13 122001 14036 142518 45 43
Apr-14 122484 140746 143004 45 42
Apr-15 123102 14132 143888 46 41
Apr-16 123593 141693 144598 46 4
Apr-17 124211 142326 14511 46 39
Apr-18 124985 142663 145816 46 38
Apr-19 125699 143123 146355 46 37
Apr-20 126363 143359 146813 47 36
Apr-21 126625 143631 14718 47 35
Apr-22 126848 143999 147422 47 35
Apr-23 127155 144221 14801 47 34
Apr-24 127786 144374 148823 47 33
Apr-25 128226 144671 149713 47 32
Apr-26 128702 144918 150257 47 31
Apr-27 128934 145129 150715 47 31
Apr-28 12922 145279 151235 47 3
Apr-29 129737 145416 151968 47 29
Apr-30 130073 145645 152481 47 28
May-01 130327 145749 152759 46 27
May-02 130623 145967 153177 46 27
May-03 131046 146091 153532 46 26
May-04 131572 14629 154097 46 25
May-05 131847 146391 154588 46 24
May-06 132538 146643 154808 45 24
May-07 132866 146852 155413 45 23
May-08 13334 146912 15599 45 22
May-09 133673 147045 156414 45 22
May-10 134007 147091 15677 45 21
May-11 134298 147144 157185 44 2
May-12 13464 147175 157683 44 2
May-13 135307 147252 158313 44 19
May-14 135985 147549 158803 44 19
May-15 13632 147685 15911 44 18
May-16 136885 147977 159807 44 17
May-17 137428 148068 160351 44 17
May-18 138029 148179 160972 43 16
May-19 138529 148214 161583 44 15
May-20 139212 148227 162319 44 15
May-21 140112 148465 163037 44 14
May-22 140769 148569 163618 44 14
May-23 141341 148687 164089 44 14
May-24 141704 148804 164369 44 13
May-25 142195 148864 164796 44 12
May-26 142465 148911 165278 44 12
May-27 142872 149025 166129 44 11
May-28 143259 149056 16711 44 11
May-29 143676 149113 167891 44 11
May-30 1442 149161 168626 44 11
May-31 144545 149393 169258 44 1
Jun-01 144785 149493 169409 44 1
Jun-02 144969 149569 169717 45 09
Jun-03 145211 149575 170452 44 09
Jun-04 145532 149647 170986 44 09
Jun-05 146458 14967 171959 45 08
Jun-06 147033 149791 172742 45 08
Jun-07 147535 149896 173169 45 08
Jun-08 147838 149911 173672 45 07
Jun-09 148111 149915 174203 45 07
Jun-10 148302 149975 174903 44 07
Jun-11 148548 149975 175279 44 07
Jun-12 148795 149975 175763 44 07
Jun-13 149169 149975 176279 44 07
Jun-14 149886 149981 176859 44 07
Jun-15 150168 150142 17703 44 06
Jun-16 150462 150186 177623 43 06
Jun-17 150731 15021 178343 43 06
Jun-18 151447 150243 178887 42 06
Jun-19 152109 150247 179668 42 06
Jun-20 152758 150287 179981 41 06
Jun-21 153139 150315 180324 41 06
Jun-22 153321 150421 180658 4 06
Jun-23 153536 150428 181094 4 05
Jun-24 154122 150543 181596 39 05
Jun-25 154487 15062 181875 38 06
Jun-26 154764 150696 182241 38 06
Jun-27 15517 150702 182588 37 06
Jun-28 155453 15071 182874 36 05
Jun-29 155786 150817 183159 36 05
Jun-30 15612 150901 183853 35 06
Jul-01 Jul-01
Jul-02 Jul-02
Jul-03 Jul-03
Jul-04 Jul-04
Jul-05 Jul-05
Jul-06 Jul-06
Jul-07 Jul-07
Jul-08 Jul-08
Jul-09 Jul-09
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Jul-11 Jul-11
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Mar-28 Mar-28
Mar-29 Mar-29
Mar-30 Mar-30
Mar-31 Mar-31
Apr-01 Apr-01
Apr-02 Apr-02
Apr-03 Apr-03
Apr-04 Apr-04
Apr-05 Apr-05
Apr-06 Apr-06
Apr-07 Apr-07
Apr-08 Apr-08
Apr-09 Apr-09
Apr-10 Apr-10
Apr-11 Apr-11
Apr-12 Apr-12
Apr-13 Apr-13
Apr-14 Apr-14
Apr-15 Apr-15
Apr-16 Apr-16
Apr-17 Apr-17
Apr-18 Apr-18
Apr-19 Apr-19
Apr-20 Apr-20
Apr-21 Apr-21
Apr-22 Apr-22
Apr-23 Apr-23
Apr-24 Apr-24
Apr-25 Apr-25
Apr-26 Apr-26
Apr-27 Apr-27
Apr-28 Apr-28
Apr-29 Apr-29
Apr-30 Apr-30
May-01 May-01
May-02 May-02
May-03 May-03
May-04 May-04
May-05 May-05
May-06 May-06
May-07 May-07
May-08 May-08
May-09 May-09
May-10 May-10
May-11 May-11
May-12 May-12
May-13 May-13
May-14 May-14
May-15 May-15
May-16 May-16
May-17 May-17
May-18 May-18
May-19 May-19
May-20 May-20
May-21 May-21
May-22 May-22
May-23 May-23
May-24 May-24
May-25 May-25
May-26 May-26
May-27 May-27
May-28 May-28
May-29 May-29
May-30 May-30
May-31 May-31
Jun-01 Jun-01
Jun-02 Jun-02
Jun-03 Jun-03
Jun-04 Jun-04
Jun-05 Jun-05
Jun-06 Jun-06
Jun-07 Jun-07
Jun-08 Jun-08
Jun-09 Jun-09
Jun-10 Jun-10
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Jun-14 Jun-14
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Jun-17 Jun-17
Jun-18 Jun-18
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Page 8: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

March 8 2019

India 201819 Rice Production

106646

105482

104408

109698

11291

116

98

100

102

104

106

108

110

112

114

116

118

2013 2014 2015 2016 2017 2018f

Prod

uctio

n (m

mt)

March 8 2019

World Rice Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 1500 1626 06 126Production 4954 5016 57 62Total Supply 6453 6642 63 188Total use 4827 4920 17 92

Trade 471 474 -04 02Ending Stocks 1626 1722 46 96

---------------- Million Tons ----------------

US Rice Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 246 295 -- 048Harvested area (million acres) 237 292 -- 054Yield (pounds per acre) 7507 7692 -- 185

------------ Million cwt ------------Beginning stocks 460 294 -- -167Production 1782 2242 -- 460Imports 269 290 05 21Total supply 2512 2826 05 314

Domestic use 1348 1350 -- 02Exports 870 980 -20 110Total use 2218 2330 -20 112

Ending stocks 294 496 25 202----------------- Percent -----------------

Stocks to use ratio 132 213 12 80

Average market price 1290 11701270 010 -070-- No change

------------ Dollars per cwt ------------

World Corn Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 10762 11012 16 249United States 3711 3663 -- -48

Foreign 7051 7349 16 297Argentina 320 460 -- 140Brazil 820 945 -- 125Mexico 275 256 -- -19Canada 141 139 -- -02European Union 621 609 02 -12Serbia 40 70 -- 30FSU-12 422 521 03 99Ukraine 241 355 -- 114Russia 132 114 02 -18

South Africa 131 110 -05 -21China 2591 2573 -- -17India 287 278 18 -09

-- No change

---------------- Million Tons ----------------

Brazil Corn (Second Crop)

Major

Corn ProductionAverage (2011-13)

IntensityProductionMinor

Source IBGEAgricultural Weather AssessmentsWorld Agricultural Outlook Board

Rio Grandedo Sul

SantaCatarina

Mato GrossoBahia

Mato Grossodo Sul

Parana

SaoPaulo

MinasGerais

Goias

Tocantins

Maranhao

Piaui

a ndash Cearab ndash Rio Grande do Nortec ndash Paraibad ndash Pernambucoe ndash Alagoasf ndash Sergipeh ndash Espirito Santoi ndash Rio de Janeiro

abc

de

f

h

i

Para

Amazonas

Rondonia

Roraima

Amapa

Acre

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2nd Corn crop calendar for most of Center-South Brazil

Plant

Harvest

Source IBGE Brazil

State-Level Production(as of total)

Mato GrossoParanaMato Grosso do SulGoiasSao PauloMinas GeraisSergipeBahiaMaranhaoRondoniaOther States

39251512

311111

~1

2011 to 2013 Average

March 8 2019

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

Mato Grosso corn is the record earliest planted 96 of 2nd-crop corn has been planted

Rapid soybean harvest allowed for early planting of corn in Mato Grosso

Mato Grosso CornPercent Planted

Source Safras e MercadoPeriod Ending (Approximate Date)

Source IMEA Source IMEA

Perc

ent

Perc

ent

Period Ending (Approximate Date)

Mato Grosso SoybeansPercent Harvested

March 8 2019

Brazil Normal Daily Rainfall (mm)

0123456789

Jul

-01

Jul

-23

Aug

-14

Sep

-05

Sep

-27

Oct

-19

Nov

-10

Dec

-02

Dec

-24

Jan

-15

Feb

-06

Feb

-28

Mar

-22

Apr

-13

May

-05

May

-27

Jun

-18

Parana MT

Early March

Mato Grosso

Parana

Agricultural Weather AssessmentsWorld Agricultural Outlook Board March 8 2019

Chart4

Parana
MT
Brazil Normal Daily Rainfall (mm)
34
05
33
05
33
05
32
05
31
06
3
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69
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4
06
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05
39
05
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38
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37
06
36
05
36
05
35
06

Rainfall normals

Rainfall normals

Parana
MT
Brazil Normal Daily Rainfall (mm)

Sheet2

Sheet3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Cumulative Daily
Parana MT RGDS Parana MT
Jul-01 2764 0 7088 34 05
Jul-02 5128 0 12232 33 05
Jul-03 86 0952 18532 33 05
Jul-04 11196 2116 21512 32 05
Jul-05 12908 214 25204 31 06
Jul-06 15308 246 31972 3 05
Jul-07 19736 246 38674 3 05
Jul-08 23852 2464 4448 29 05
Jul-09 29252 3412 5054 28 05
Jul-10 32968 3748 55088 28 05
Jul-11 352 384 60272 27 05
Jul-12 37316 392 61724 27 05
Jul-13 38576 3932 62328 26 05
Jul-14 38684 396 63566 25 05
Jul-15 39676 3976 66248 25 05
Jul-16 44864 3976 72016 24 05
Jul-17 4847 3976 76014 24 05
Jul-18 5265 4128 80946 24 05
Jul-19 56222 4228 86874 23 05
Jul-20 58754 456 92074 23 05
Jul-21 62098 4616 95112 23 05
Jul-22 63482 47 98508 23 05
Jul-23 66322 6736 10102 23 05
Jul-24 66826 6868 102116 22 05
Jul-25 68194 7008 104668 22 05
Jul-26 69974 7432 10911 22 05
Jul-27 72834 7488 113962 22 05
Jul-28 75074 7568 118294 22 05
Jul-29 76562 7608 124178 22 05
Jul-30 78202 7628 129238 22 05
Jul-31 80654 8448 135082 23 05
Aug-01 84138 9236 140582 23 05
Aug-02 86938 9384 144806 23 05
Aug-03 88686 9452 150098 23 05
Aug-04 90358 996 155774 23 06
Aug-05 92794 11416 158934 23 06
Aug-06 9575 12692 162478 24 05
Aug-07 98422 127 167014 24 05
Aug-08 100086 12704 170066 24 05
Aug-09 102978 12704 177274 24 06
Aug-10 105066 1304 180992 25 06
Aug-11 106538 1312 18366 25 06
Aug-12 108098 13508 185076 25 06
Aug-13 108986 13644 186364 25 06
Aug-14 111482 13908 18984 26 07
Aug-15 11377 15204 195176 26 07
Aug-16 117674 1592 201236 27 08
Aug-17 11985 1596 20416 27 08
Aug-18 123498 16052 208836 27 08
Aug-19 12841 1614 211548 28 08
Aug-20 13183 16564 21698 28 09
Aug-21 135826 17052 221748 28 09
Aug-22 138234 17196 223168 29 09
Aug-23 139438 18948 225216 29 1
Aug-24 14061 19588 228608 29 1
Aug-25 143082 21084 231288 3 11
Aug-26 144454 22012 235172 3 11
Aug-27 149278 22012 238864 3 12
Aug-28 15179 22856 24076 31 12
Aug-29 153774 24556 243712 31 13
Aug-30 154746 25356 246228 32 13
Aug-31 158766 26432 251112 32 13
Sep-01 161398 28168 255196 33 14
Sep-02 16531 30132 257996 33 14
Sep-03 167078 30308 259736 34 15
Sep-04 17003 30388 263592 34 16
Sep-05 173546 30768 26666 35 16
Sep-06 175398 3148 268684 36 17
Sep-07 181814 3268 272 37 17
Sep-08 187614 36846 277494 37 18
Sep-09 191406 38834 281182 38 18
Sep-10 192502 4009 284174 39 19
Sep-11 193486 41462 292254 39 2
Sep-12 199146 42282 302174 4 2
Sep-13 205058 44022 308424 41 21
Sep-14 211134 45642 31666 42 22
Sep-15 218042 4695 325528 43 22
Sep-16 221954 49078 330032 44 22
Sep-17 224018 49926 332248 45 23
Sep-18 228086 50494 340216 46 24
Sep-19 232194 53954 34878 47 24
Sep-20 23891 54818 355518 48 25
Sep-21 240914 56926 361376 48 26
Sep-22 244254 58866 365848 49 26
Sep-23 248926 60538 37564 5 27
Sep-24 256398 6307 389776 51 28
Sep-25 26425 65454 395308 52 28
Sep-26 268946 69902 40004 53 29
Sep-27 27237 70662 4038 53 29
Sep-28 277442 72082 407884 54 3
Sep-29 284522 76594 413128 55 31
Sep-30 290042 81582 418636 56 31
Oct-01 299106 84374 427364 56 32
Oct-02 305186 8773 431952 57 33
Oct-03 308186 89546 436956 57 33
Oct-04 31191 94862 442232 58 34
Oct-05 315982 9665 452052 58 35
Oct-06 322018 100354 4593 58 36
Oct-07 32445 103338 461674 59 36
Oct-08 330414 10633 46959 59 37
Oct-09 33641 10839 478896 59 38
Oct-10 342482 112878 4864 59 38
Oct-11 349454 115038 49178 59 39
Oct-12 35571 11893 498376 59 4
Oct-13 362234 123062 50792 59 41
Oct-14 367638 126802 513484 59 41
Oct-15 369866 129274 519524 58 42
Oct-16 375386 13339 528236 58 43
Oct-17 383966 13761 539512 58 44
Oct-18 388114 141006 54398 57 45
Oct-19 39491 146666 547548 57 45
Oct-20 401666 150358 554624 56 46
Oct-21 406878 153806 560316 56 47
Oct-22 411594 157198 563256 55 48
Oct-23 414694 163434 566624 55 48
Oct-24 41811 168974 571808 54 49
Oct-25 424658 173138 577804 53 5
Oct-26 433038 178442 585308 52 51
Oct-27 442146 18707 5891 52 52
Oct-28 444998 192174 592184 51 52
Oct-29 447778 195098 59562 5 53
Oct-30 449114 202238 599922 49 54
Oct-31 453102 207962 606102 49 55
Nov-01 460738 21235 611414 48 55
Nov-02 46535 217874 616194 47 56
Nov-03 471222 224532 620408 47 57
Nov-04 47721 229184 626328 46 58
Nov-05 481826 236736 63376 46 59
Nov-06 490546 240048 643056 45 59
Nov-07 493758 244132 645724 45 6
Nov-08 49723 248816 650184 44 61
Nov-09 500526 255364 654412 44 61
Nov-10 505182 26546 65976 44 62
Nov-11 509178 271336 664348 44 62
Nov-12 513334 276676 66896 43 63
Nov-13 519854 282156 675124 43 64
Nov-14 52521 28843 678284 43 64
Nov-15 53069 292758 680652 43 65
Nov-16 533158 304166 684364 43 65
Nov-17 537386 30969 68864 44 66
Nov-18 54063 31615 693612 44 66
Nov-19 54451 320838 697756 44 66
Nov-20 548162 331762 699288 45 67
Nov-21 552446 337868 702032 45 68
Nov-22 556582 343624 703216 46 68
Nov-23 558166 35038 706056 46 68
Nov-24 561802 35358 710 47 68
Nov-25 568802 360124 716752 48 69
Nov-26 574546 364332 720672 48 69
Nov-27 57893 36952 724824 49 69
Nov-28 582814 377852 729172 5 69
Nov-29 58561 388264 730416 51 7
Nov-30 588422 396364 732412 52 7
Dec-01 591438 407728 735704 52 7
Dec-02 594274 414648 738192 53 7
Dec-03 597002 42232 740312 54 7
Dec-04 601042 427388 743156 55 7
Dec-05 605394 43246 750432 56 7
Dec-06 610078 438292 75839 56 7
Dec-07 617094 447072 763426 57 71
Dec-08 621458 45366 766248 57 71
Dec-09 623962 460588 7684 58 7
Dec-10 63095 46921 771594 59 7
Dec-11 635566 481482 775878 6 71
Dec-12 642502 48885 78275 6 71
Dec-13 649742 499602 78785 6 7
Dec-14 65815 509698 791862 61 71
Dec-15 662126 515178 797586 61 71
Dec-16 667966 522814 80215 61 71
Dec-17 673974 529578 810014 62 71
Dec-18 676898 537354 81391 62 71
Dec-19 680222 544574 815174 62 71
Dec-20 684598 55039 82225 62 71
Dec-21 689722 556622 82803 62 71
Dec-22 697602 560194 832886 62 71
Dec-23 70129 567118 838426 61 71
Dec-24 70669 573266 846136 61 71
Dec-25 708366 58053 848 61 72
Dec-26 710446 588766 852876 61 72
Dec-27 713818 595826 855604 6 72
Dec-28 71879 60375 860756 6 72
Dec-29 727414 610454 864652 6 72
Dec-30 733598 617218 871628 6 72
Dec-31 739248 626332 875934 59 73
Jan-01 743224 635558 87995 59 72
Jan-02 745184 64569 882542 58 73
Jan-03 749496 653898 885678 58 73
Jan-04 753786 664308 88883 58 73
Jan-05 758918 673588 893222 57 74
Jan-06 762998 685356 896982 57 74
Jan-07 766544 6916 901356 56 74
Jan-08 768952 700506 907956 56 75
Jan-09 77438 710522 913684 56 75
Jan-10 781904 718902 919052 55 75
Jan-11 788208 726078 925492 55 75
Jan-12 79456 735638 929744 55 76
Jan-13 800452 74447 93248 55 76
Jan-14 804716 753262 939044 54 76
Jan-15 810692 764854 947368 54 76
Jan-16 815796 773346 95577 54 77
Jan-17 82062 781266 96295 54 77
Jan-18 82456 788226 966778 54 77
Jan-19 829312 79381 969044 54 78
Jan-20 83652 800718 976852 54 78
Jan-21 840784 809782 980462 55 78
Jan-22 84686 815818 984158 55 79
Jan-23 852196 824174 988466 55 79
Jan-24 85726 831706 99199 55 79
Jan-25 866372 83847 100142 55 8
Jan-26 872064 846934 100761 55 8
Jan-27 878372 85433 101541 56 8
Jan-28 883588 85997 101846 56 8
Jan-29 889244 867398 102653 57 81
Jan-30 896468 876534 103566 57 81
Jan-31 90484 883646 10443 57 82
Feb-01 915208 891514 105294 58 82
Feb-02 921476 90037 106103 58 82
Feb-03 927964 909646 106442 59 82
Feb-04 93286 918026 107032 59 82
Feb-05 937408 928946 107763 59 82
Feb-06 94201 937412 108254 6 83
Feb-07 947086 952884 108552 6 83
Feb-08 952246 96228 109098 6 83
Feb-09 955886 968904 109558 6 83
Feb-10 96133 9754 110469 61 83
Feb-11 96697 981996 110991 6 83
Feb-12 969426 992592 111242 6 83
Feb-13 97417 999652 111567 6 83
Feb-14 980506 100768 112062 6 83
Feb-15 985954 101555 112725 6 83
Feb-16 99267 102422 1134 6 83
Feb-17 997258 103353 113994 6 83
Feb-18 100341 104026 114302 59 82
Feb-19 100826 104853 11448 59 82
Feb-20 10135 105757 115195 58 82
Feb-21 101997 106745 115619 58 82
Feb-22 102626 107418 115978 57 82
Feb-23 103088 108182 116461 56 82
Feb-24 103827 108792 117726 55 81
Feb-25 104473 10951 118573 55 81
Feb-26 104847 110097 119134 54 8
Feb-27 105214 110854 119655 53 8
Feb-28 105754 111584 119994 52 79
Mar-01 106131 112306 12051 51 79
Mar-02 106455 11297 12082 5 78
Mar-03 106966 113829 121208 49 78
Mar-04 107273 114705 121571 49 77
Mar-05 107551 115385 122014 48 77
Mar-06 107835 116451 122605 47 76
Mar-07 108221 117131 123162 46 76
Mar-08 108449 117625 123525 45 75
Mar-09 108706 118251 123844 45 75
Mar-10 109109 118828 124456 44 74
Mar-11 109385 119645 124956 43 73
Mar-12 109721 120487 125389 42 73
Mar-13 110119 121134 125913 42 72
Mar-14 110432 122035 126473 41 71
Mar-15 11068 122842 126772 41 7
Mar-16 110909 123543 127254 4 7
Mar-17 111538 124458 127636 4 68
Mar-18 112072 125557 128608 4 68
Mar-19 112325 126969 128885 39 67
Mar-20 112907 127667 129129 39 66
Mar-21 113171 128444 12943 39 65
Mar-22 113633 129037 129641 39 64
Mar-23 113946 129689 130187 38 63
Mar-24 114494 130371 130687 39 62
Mar-25 114798 13106 13116 39 61
Mar-26 115109 131501 131718 39 61
Mar-27 1155 132129 132139 39 6
Mar-28 115791 132728 132677 39 58
Mar-29 116153 133382 133207 39 58
Mar-30 116608 134038 133786 4 57
Mar-31 116879 134388 134263 4 56
Apr-01 117448 13481 135173 4 55
Apr-02 117731 135548 135867 4 54
Apr-03 117943 136158 136402 41 53
Apr-04 118451 136585 137352 41 52
Apr-05 118751 136883 137983 42 51
Apr-06 118931 137352 138669 42 5
Apr-07 119668 137681 139307 42 49
Apr-08 120095 137925 139919 43 48
Apr-09 120417 138207 140221 43 47
Apr-10 120927 138485 140749 44 46
Apr-11 121133 138983 141135 44 45
Apr-12 121383 139608 141819 44 44
Apr-13 122001 14036 142518 45 43
Apr-14 122484 140746 143004 45 42
Apr-15 123102 14132 143888 46 41
Apr-16 123593 141693 144598 46 4
Apr-17 124211 142326 14511 46 39
Apr-18 124985 142663 145816 46 38
Apr-19 125699 143123 146355 46 37
Apr-20 126363 143359 146813 47 36
Apr-21 126625 143631 14718 47 35
Apr-22 126848 143999 147422 47 35
Apr-23 127155 144221 14801 47 34
Apr-24 127786 144374 148823 47 33
Apr-25 128226 144671 149713 47 32
Apr-26 128702 144918 150257 47 31
Apr-27 128934 145129 150715 47 31
Apr-28 12922 145279 151235 47 3
Apr-29 129737 145416 151968 47 29
Apr-30 130073 145645 152481 47 28
May-01 130327 145749 152759 46 27
May-02 130623 145967 153177 46 27
May-03 131046 146091 153532 46 26
May-04 131572 14629 154097 46 25
May-05 131847 146391 154588 46 24
May-06 132538 146643 154808 45 24
May-07 132866 146852 155413 45 23
May-08 13334 146912 15599 45 22
May-09 133673 147045 156414 45 22
May-10 134007 147091 15677 45 21
May-11 134298 147144 157185 44 2
May-12 13464 147175 157683 44 2
May-13 135307 147252 158313 44 19
May-14 135985 147549 158803 44 19
May-15 13632 147685 15911 44 18
May-16 136885 147977 159807 44 17
May-17 137428 148068 160351 44 17
May-18 138029 148179 160972 43 16
May-19 138529 148214 161583 44 15
May-20 139212 148227 162319 44 15
May-21 140112 148465 163037 44 14
May-22 140769 148569 163618 44 14
May-23 141341 148687 164089 44 14
May-24 141704 148804 164369 44 13
May-25 142195 148864 164796 44 12
May-26 142465 148911 165278 44 12
May-27 142872 149025 166129 44 11
May-28 143259 149056 16711 44 11
May-29 143676 149113 167891 44 11
May-30 1442 149161 168626 44 11
May-31 144545 149393 169258 44 1
Jun-01 144785 149493 169409 44 1
Jun-02 144969 149569 169717 45 09
Jun-03 145211 149575 170452 44 09
Jun-04 145532 149647 170986 44 09
Jun-05 146458 14967 171959 45 08
Jun-06 147033 149791 172742 45 08
Jun-07 147535 149896 173169 45 08
Jun-08 147838 149911 173672 45 07
Jun-09 148111 149915 174203 45 07
Jun-10 148302 149975 174903 44 07
Jun-11 148548 149975 175279 44 07
Jun-12 148795 149975 175763 44 07
Jun-13 149169 149975 176279 44 07
Jun-14 149886 149981 176859 44 07
Jun-15 150168 150142 17703 44 06
Jun-16 150462 150186 177623 43 06
Jun-17 150731 15021 178343 43 06
Jun-18 151447 150243 178887 42 06
Jun-19 152109 150247 179668 42 06
Jun-20 152758 150287 179981 41 06
Jun-21 153139 150315 180324 41 06
Jun-22 153321 150421 180658 4 06
Jun-23 153536 150428 181094 4 05
Jun-24 154122 150543 181596 39 05
Jun-25 154487 15062 181875 38 06
Jun-26 154764 150696 182241 38 06
Jun-27 15517 150702 182588 37 06
Jun-28 155453 15071 182874 36 05
Jun-29 155786 150817 183159 36 05
Jun-30 15612 150901 183853 35 06
Jul-01 Jul-01
Jul-02 Jul-02
Jul-03 Jul-03
Jul-04 Jul-04
Jul-05 Jul-05
Jul-06 Jul-06
Jul-07 Jul-07
Jul-08 Jul-08
Jul-09 Jul-09
Jul-10 Jul-10
Jul-11 Jul-11
Jul-12 Jul-12
Jul-13 Jul-13
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Jul-31 Jul-31
Aug-01 Aug-01
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Aug-03 Aug-03
Aug-04 Aug-04
Aug-05 Aug-05
Aug-06 Aug-06
Aug-07 Aug-07
Aug-08 Aug-08
Aug-09 Aug-09
Aug-10 Aug-10
Aug-11 Aug-11
Aug-12 Aug-12
Aug-13 Aug-13
Aug-14 Aug-14
Aug-15 Aug-15
Aug-16 Aug-16
Aug-17 Aug-17
Aug-18 Aug-18
Aug-19 Aug-19
Aug-20 Aug-20
Aug-21 Aug-21
Aug-22 Aug-22
Aug-23 Aug-23
Aug-24 Aug-24
Aug-25 Aug-25
Aug-26 Aug-26
Aug-27 Aug-27
Aug-28 Aug-28
Aug-29 Aug-29
Aug-30 Aug-30
Aug-31 Aug-31
Sep-01 Sep-01
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Sep-03 Sep-03
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Sep-09 Sep-09
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Sep-20 Sep-20
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Page 9: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

India 201819 Rice Production

106646

105482

104408

109698

11291

116

98

100

102

104

106

108

110

112

114

116

118

2013 2014 2015 2016 2017 2018f

Prod

uctio

n (m

mt)

March 8 2019

World Rice Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 1500 1626 06 126Production 4954 5016 57 62Total Supply 6453 6642 63 188Total use 4827 4920 17 92

Trade 471 474 -04 02Ending Stocks 1626 1722 46 96

---------------- Million Tons ----------------

US Rice Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 246 295 -- 048Harvested area (million acres) 237 292 -- 054Yield (pounds per acre) 7507 7692 -- 185

------------ Million cwt ------------Beginning stocks 460 294 -- -167Production 1782 2242 -- 460Imports 269 290 05 21Total supply 2512 2826 05 314

Domestic use 1348 1350 -- 02Exports 870 980 -20 110Total use 2218 2330 -20 112

Ending stocks 294 496 25 202----------------- Percent -----------------

Stocks to use ratio 132 213 12 80

Average market price 1290 11701270 010 -070-- No change

------------ Dollars per cwt ------------

World Corn Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 10762 11012 16 249United States 3711 3663 -- -48

Foreign 7051 7349 16 297Argentina 320 460 -- 140Brazil 820 945 -- 125Mexico 275 256 -- -19Canada 141 139 -- -02European Union 621 609 02 -12Serbia 40 70 -- 30FSU-12 422 521 03 99Ukraine 241 355 -- 114Russia 132 114 02 -18

South Africa 131 110 -05 -21China 2591 2573 -- -17India 287 278 18 -09

-- No change

---------------- Million Tons ----------------

Brazil Corn (Second Crop)

Major

Corn ProductionAverage (2011-13)

IntensityProductionMinor

Source IBGEAgricultural Weather AssessmentsWorld Agricultural Outlook Board

Rio Grandedo Sul

SantaCatarina

Mato GrossoBahia

Mato Grossodo Sul

Parana

SaoPaulo

MinasGerais

Goias

Tocantins

Maranhao

Piaui

a ndash Cearab ndash Rio Grande do Nortec ndash Paraibad ndash Pernambucoe ndash Alagoasf ndash Sergipeh ndash Espirito Santoi ndash Rio de Janeiro

abc

de

f

h

i

Para

Amazonas

Rondonia

Roraima

Amapa

Acre

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2nd Corn crop calendar for most of Center-South Brazil

Plant

Harvest

Source IBGE Brazil

State-Level Production(as of total)

Mato GrossoParanaMato Grosso do SulGoiasSao PauloMinas GeraisSergipeBahiaMaranhaoRondoniaOther States

39251512

311111

~1

2011 to 2013 Average

March 8 2019

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

Mato Grosso corn is the record earliest planted 96 of 2nd-crop corn has been planted

Rapid soybean harvest allowed for early planting of corn in Mato Grosso

Mato Grosso CornPercent Planted

Source Safras e MercadoPeriod Ending (Approximate Date)

Source IMEA Source IMEA

Perc

ent

Perc

ent

Period Ending (Approximate Date)

Mato Grosso SoybeansPercent Harvested

March 8 2019

Brazil Normal Daily Rainfall (mm)

0123456789

Jul

-01

Jul

-23

Aug

-14

Sep

-05

Sep

-27

Oct

-19

Nov

-10

Dec

-02

Dec

-24

Jan

-15

Feb

-06

Feb

-28

Mar

-22

Apr

-13

May

-05

May

-27

Jun

-18

Parana MT

Early March

Mato Grosso

Parana

Agricultural Weather AssessmentsWorld Agricultural Outlook Board March 8 2019

Chart4

Parana
MT
Brazil Normal Daily Rainfall (mm)
34
05
33
05
33
05
32
05
31
06
3
05
3
05
29
05
28
05
28
05
27
05
27
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26
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06
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06
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26
07
27
08
27
08
27
08
28
08
28
09
28
09
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09
29
1
29
1
3
11
3
11
3
12
31
12
31
13
32
13
32
13
33
14
33
14
34
15
34
16
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38
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39
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39
2
4
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41
21
42
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22
45
23
46
24
47
24
48
25
48
26
49
26
5
27
51
28
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28
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29
54
3
55
31
56
31
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32
57
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57
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4
59
41
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46
56
47
55
48
55
48
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53
5
52
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52
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51
52
5
53
49
54
49
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48
55
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47
57
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58
46
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59
45
6
44
61
44
61
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43
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44
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44
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44
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46
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48
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49
69
5
69
51
7
52
7
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7
53
7
54
7
55
7
56
7
56
7
57
71
57
71
58
7
59
7
6
71
6
71
6
7
61
71
61
71
61
71
62
71
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71
62
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71
62
71
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71
61
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61
72
6
72
6
72
6
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6
72
59
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58
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54
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55
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55
79
55
8
55
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56
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8
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81
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82
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82
6
83
6
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83
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83
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6
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83
59
82
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82
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82
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82
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81
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81
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8
53
8
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79
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79
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78
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7
4
7
4
68
4
68
39
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66
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38
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39
62
39
61
39
61
39
6
39
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39
58
4
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4
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4
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4
54
41
53
41
52
42
51
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5
42
49
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45
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4
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47
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45
24
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21
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2
44
2
44
19
44
19
44
18
44
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44
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15
44
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13
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1
44
1
45
09
44
09
44
09
45
08
45
08
45
08
45
07
45
07
44
07
44
07
44
07
44
07
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07
44
06
43
06
43
06
42
06
42
06
41
06
41
06
4
06
4
05
39
05
38
06
38
06
37
06
36
05
36
05
35
06

Rainfall normals

Rainfall normals

Parana
MT
Brazil Normal Daily Rainfall (mm)

Sheet2

Sheet3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Cumulative Daily
Parana MT RGDS Parana MT
Jul-01 2764 0 7088 34 05
Jul-02 5128 0 12232 33 05
Jul-03 86 0952 18532 33 05
Jul-04 11196 2116 21512 32 05
Jul-05 12908 214 25204 31 06
Jul-06 15308 246 31972 3 05
Jul-07 19736 246 38674 3 05
Jul-08 23852 2464 4448 29 05
Jul-09 29252 3412 5054 28 05
Jul-10 32968 3748 55088 28 05
Jul-11 352 384 60272 27 05
Jul-12 37316 392 61724 27 05
Jul-13 38576 3932 62328 26 05
Jul-14 38684 396 63566 25 05
Jul-15 39676 3976 66248 25 05
Jul-16 44864 3976 72016 24 05
Jul-17 4847 3976 76014 24 05
Jul-18 5265 4128 80946 24 05
Jul-19 56222 4228 86874 23 05
Jul-20 58754 456 92074 23 05
Jul-21 62098 4616 95112 23 05
Jul-22 63482 47 98508 23 05
Jul-23 66322 6736 10102 23 05
Jul-24 66826 6868 102116 22 05
Jul-25 68194 7008 104668 22 05
Jul-26 69974 7432 10911 22 05
Jul-27 72834 7488 113962 22 05
Jul-28 75074 7568 118294 22 05
Jul-29 76562 7608 124178 22 05
Jul-30 78202 7628 129238 22 05
Jul-31 80654 8448 135082 23 05
Aug-01 84138 9236 140582 23 05
Aug-02 86938 9384 144806 23 05
Aug-03 88686 9452 150098 23 05
Aug-04 90358 996 155774 23 06
Aug-05 92794 11416 158934 23 06
Aug-06 9575 12692 162478 24 05
Aug-07 98422 127 167014 24 05
Aug-08 100086 12704 170066 24 05
Aug-09 102978 12704 177274 24 06
Aug-10 105066 1304 180992 25 06
Aug-11 106538 1312 18366 25 06
Aug-12 108098 13508 185076 25 06
Aug-13 108986 13644 186364 25 06
Aug-14 111482 13908 18984 26 07
Aug-15 11377 15204 195176 26 07
Aug-16 117674 1592 201236 27 08
Aug-17 11985 1596 20416 27 08
Aug-18 123498 16052 208836 27 08
Aug-19 12841 1614 211548 28 08
Aug-20 13183 16564 21698 28 09
Aug-21 135826 17052 221748 28 09
Aug-22 138234 17196 223168 29 09
Aug-23 139438 18948 225216 29 1
Aug-24 14061 19588 228608 29 1
Aug-25 143082 21084 231288 3 11
Aug-26 144454 22012 235172 3 11
Aug-27 149278 22012 238864 3 12
Aug-28 15179 22856 24076 31 12
Aug-29 153774 24556 243712 31 13
Aug-30 154746 25356 246228 32 13
Aug-31 158766 26432 251112 32 13
Sep-01 161398 28168 255196 33 14
Sep-02 16531 30132 257996 33 14
Sep-03 167078 30308 259736 34 15
Sep-04 17003 30388 263592 34 16
Sep-05 173546 30768 26666 35 16
Sep-06 175398 3148 268684 36 17
Sep-07 181814 3268 272 37 17
Sep-08 187614 36846 277494 37 18
Sep-09 191406 38834 281182 38 18
Sep-10 192502 4009 284174 39 19
Sep-11 193486 41462 292254 39 2
Sep-12 199146 42282 302174 4 2
Sep-13 205058 44022 308424 41 21
Sep-14 211134 45642 31666 42 22
Sep-15 218042 4695 325528 43 22
Sep-16 221954 49078 330032 44 22
Sep-17 224018 49926 332248 45 23
Sep-18 228086 50494 340216 46 24
Sep-19 232194 53954 34878 47 24
Sep-20 23891 54818 355518 48 25
Sep-21 240914 56926 361376 48 26
Sep-22 244254 58866 365848 49 26
Sep-23 248926 60538 37564 5 27
Sep-24 256398 6307 389776 51 28
Sep-25 26425 65454 395308 52 28
Sep-26 268946 69902 40004 53 29
Sep-27 27237 70662 4038 53 29
Sep-28 277442 72082 407884 54 3
Sep-29 284522 76594 413128 55 31
Sep-30 290042 81582 418636 56 31
Oct-01 299106 84374 427364 56 32
Oct-02 305186 8773 431952 57 33
Oct-03 308186 89546 436956 57 33
Oct-04 31191 94862 442232 58 34
Oct-05 315982 9665 452052 58 35
Oct-06 322018 100354 4593 58 36
Oct-07 32445 103338 461674 59 36
Oct-08 330414 10633 46959 59 37
Oct-09 33641 10839 478896 59 38
Oct-10 342482 112878 4864 59 38
Oct-11 349454 115038 49178 59 39
Oct-12 35571 11893 498376 59 4
Oct-13 362234 123062 50792 59 41
Oct-14 367638 126802 513484 59 41
Oct-15 369866 129274 519524 58 42
Oct-16 375386 13339 528236 58 43
Oct-17 383966 13761 539512 58 44
Oct-18 388114 141006 54398 57 45
Oct-19 39491 146666 547548 57 45
Oct-20 401666 150358 554624 56 46
Oct-21 406878 153806 560316 56 47
Oct-22 411594 157198 563256 55 48
Oct-23 414694 163434 566624 55 48
Oct-24 41811 168974 571808 54 49
Oct-25 424658 173138 577804 53 5
Oct-26 433038 178442 585308 52 51
Oct-27 442146 18707 5891 52 52
Oct-28 444998 192174 592184 51 52
Oct-29 447778 195098 59562 5 53
Oct-30 449114 202238 599922 49 54
Oct-31 453102 207962 606102 49 55
Nov-01 460738 21235 611414 48 55
Nov-02 46535 217874 616194 47 56
Nov-03 471222 224532 620408 47 57
Nov-04 47721 229184 626328 46 58
Nov-05 481826 236736 63376 46 59
Nov-06 490546 240048 643056 45 59
Nov-07 493758 244132 645724 45 6
Nov-08 49723 248816 650184 44 61
Nov-09 500526 255364 654412 44 61
Nov-10 505182 26546 65976 44 62
Nov-11 509178 271336 664348 44 62
Nov-12 513334 276676 66896 43 63
Nov-13 519854 282156 675124 43 64
Nov-14 52521 28843 678284 43 64
Nov-15 53069 292758 680652 43 65
Nov-16 533158 304166 684364 43 65
Nov-17 537386 30969 68864 44 66
Nov-18 54063 31615 693612 44 66
Nov-19 54451 320838 697756 44 66
Nov-20 548162 331762 699288 45 67
Nov-21 552446 337868 702032 45 68
Nov-22 556582 343624 703216 46 68
Nov-23 558166 35038 706056 46 68
Nov-24 561802 35358 710 47 68
Nov-25 568802 360124 716752 48 69
Nov-26 574546 364332 720672 48 69
Nov-27 57893 36952 724824 49 69
Nov-28 582814 377852 729172 5 69
Nov-29 58561 388264 730416 51 7
Nov-30 588422 396364 732412 52 7
Dec-01 591438 407728 735704 52 7
Dec-02 594274 414648 738192 53 7
Dec-03 597002 42232 740312 54 7
Dec-04 601042 427388 743156 55 7
Dec-05 605394 43246 750432 56 7
Dec-06 610078 438292 75839 56 7
Dec-07 617094 447072 763426 57 71
Dec-08 621458 45366 766248 57 71
Dec-09 623962 460588 7684 58 7
Dec-10 63095 46921 771594 59 7
Dec-11 635566 481482 775878 6 71
Dec-12 642502 48885 78275 6 71
Dec-13 649742 499602 78785 6 7
Dec-14 65815 509698 791862 61 71
Dec-15 662126 515178 797586 61 71
Dec-16 667966 522814 80215 61 71
Dec-17 673974 529578 810014 62 71
Dec-18 676898 537354 81391 62 71
Dec-19 680222 544574 815174 62 71
Dec-20 684598 55039 82225 62 71
Dec-21 689722 556622 82803 62 71
Dec-22 697602 560194 832886 62 71
Dec-23 70129 567118 838426 61 71
Dec-24 70669 573266 846136 61 71
Dec-25 708366 58053 848 61 72
Dec-26 710446 588766 852876 61 72
Dec-27 713818 595826 855604 6 72
Dec-28 71879 60375 860756 6 72
Dec-29 727414 610454 864652 6 72
Dec-30 733598 617218 871628 6 72
Dec-31 739248 626332 875934 59 73
Jan-01 743224 635558 87995 59 72
Jan-02 745184 64569 882542 58 73
Jan-03 749496 653898 885678 58 73
Jan-04 753786 664308 88883 58 73
Jan-05 758918 673588 893222 57 74
Jan-06 762998 685356 896982 57 74
Jan-07 766544 6916 901356 56 74
Jan-08 768952 700506 907956 56 75
Jan-09 77438 710522 913684 56 75
Jan-10 781904 718902 919052 55 75
Jan-11 788208 726078 925492 55 75
Jan-12 79456 735638 929744 55 76
Jan-13 800452 74447 93248 55 76
Jan-14 804716 753262 939044 54 76
Jan-15 810692 764854 947368 54 76
Jan-16 815796 773346 95577 54 77
Jan-17 82062 781266 96295 54 77
Jan-18 82456 788226 966778 54 77
Jan-19 829312 79381 969044 54 78
Jan-20 83652 800718 976852 54 78
Jan-21 840784 809782 980462 55 78
Jan-22 84686 815818 984158 55 79
Jan-23 852196 824174 988466 55 79
Jan-24 85726 831706 99199 55 79
Jan-25 866372 83847 100142 55 8
Jan-26 872064 846934 100761 55 8
Jan-27 878372 85433 101541 56 8
Jan-28 883588 85997 101846 56 8
Jan-29 889244 867398 102653 57 81
Jan-30 896468 876534 103566 57 81
Jan-31 90484 883646 10443 57 82
Feb-01 915208 891514 105294 58 82
Feb-02 921476 90037 106103 58 82
Feb-03 927964 909646 106442 59 82
Feb-04 93286 918026 107032 59 82
Feb-05 937408 928946 107763 59 82
Feb-06 94201 937412 108254 6 83
Feb-07 947086 952884 108552 6 83
Feb-08 952246 96228 109098 6 83
Feb-09 955886 968904 109558 6 83
Feb-10 96133 9754 110469 61 83
Feb-11 96697 981996 110991 6 83
Feb-12 969426 992592 111242 6 83
Feb-13 97417 999652 111567 6 83
Feb-14 980506 100768 112062 6 83
Feb-15 985954 101555 112725 6 83
Feb-16 99267 102422 1134 6 83
Feb-17 997258 103353 113994 6 83
Feb-18 100341 104026 114302 59 82
Feb-19 100826 104853 11448 59 82
Feb-20 10135 105757 115195 58 82
Feb-21 101997 106745 115619 58 82
Feb-22 102626 107418 115978 57 82
Feb-23 103088 108182 116461 56 82
Feb-24 103827 108792 117726 55 81
Feb-25 104473 10951 118573 55 81
Feb-26 104847 110097 119134 54 8
Feb-27 105214 110854 119655 53 8
Feb-28 105754 111584 119994 52 79
Mar-01 106131 112306 12051 51 79
Mar-02 106455 11297 12082 5 78
Mar-03 106966 113829 121208 49 78
Mar-04 107273 114705 121571 49 77
Mar-05 107551 115385 122014 48 77
Mar-06 107835 116451 122605 47 76
Mar-07 108221 117131 123162 46 76
Mar-08 108449 117625 123525 45 75
Mar-09 108706 118251 123844 45 75
Mar-10 109109 118828 124456 44 74
Mar-11 109385 119645 124956 43 73
Mar-12 109721 120487 125389 42 73
Mar-13 110119 121134 125913 42 72
Mar-14 110432 122035 126473 41 71
Mar-15 11068 122842 126772 41 7
Mar-16 110909 123543 127254 4 7
Mar-17 111538 124458 127636 4 68
Mar-18 112072 125557 128608 4 68
Mar-19 112325 126969 128885 39 67
Mar-20 112907 127667 129129 39 66
Mar-21 113171 128444 12943 39 65
Mar-22 113633 129037 129641 39 64
Mar-23 113946 129689 130187 38 63
Mar-24 114494 130371 130687 39 62
Mar-25 114798 13106 13116 39 61
Mar-26 115109 131501 131718 39 61
Mar-27 1155 132129 132139 39 6
Mar-28 115791 132728 132677 39 58
Mar-29 116153 133382 133207 39 58
Mar-30 116608 134038 133786 4 57
Mar-31 116879 134388 134263 4 56
Apr-01 117448 13481 135173 4 55
Apr-02 117731 135548 135867 4 54
Apr-03 117943 136158 136402 41 53
Apr-04 118451 136585 137352 41 52
Apr-05 118751 136883 137983 42 51
Apr-06 118931 137352 138669 42 5
Apr-07 119668 137681 139307 42 49
Apr-08 120095 137925 139919 43 48
Apr-09 120417 138207 140221 43 47
Apr-10 120927 138485 140749 44 46
Apr-11 121133 138983 141135 44 45
Apr-12 121383 139608 141819 44 44
Apr-13 122001 14036 142518 45 43
Apr-14 122484 140746 143004 45 42
Apr-15 123102 14132 143888 46 41
Apr-16 123593 141693 144598 46 4
Apr-17 124211 142326 14511 46 39
Apr-18 124985 142663 145816 46 38
Apr-19 125699 143123 146355 46 37
Apr-20 126363 143359 146813 47 36
Apr-21 126625 143631 14718 47 35
Apr-22 126848 143999 147422 47 35
Apr-23 127155 144221 14801 47 34
Apr-24 127786 144374 148823 47 33
Apr-25 128226 144671 149713 47 32
Apr-26 128702 144918 150257 47 31
Apr-27 128934 145129 150715 47 31
Apr-28 12922 145279 151235 47 3
Apr-29 129737 145416 151968 47 29
Apr-30 130073 145645 152481 47 28
May-01 130327 145749 152759 46 27
May-02 130623 145967 153177 46 27
May-03 131046 146091 153532 46 26
May-04 131572 14629 154097 46 25
May-05 131847 146391 154588 46 24
May-06 132538 146643 154808 45 24
May-07 132866 146852 155413 45 23
May-08 13334 146912 15599 45 22
May-09 133673 147045 156414 45 22
May-10 134007 147091 15677 45 21
May-11 134298 147144 157185 44 2
May-12 13464 147175 157683 44 2
May-13 135307 147252 158313 44 19
May-14 135985 147549 158803 44 19
May-15 13632 147685 15911 44 18
May-16 136885 147977 159807 44 17
May-17 137428 148068 160351 44 17
May-18 138029 148179 160972 43 16
May-19 138529 148214 161583 44 15
May-20 139212 148227 162319 44 15
May-21 140112 148465 163037 44 14
May-22 140769 148569 163618 44 14
May-23 141341 148687 164089 44 14
May-24 141704 148804 164369 44 13
May-25 142195 148864 164796 44 12
May-26 142465 148911 165278 44 12
May-27 142872 149025 166129 44 11
May-28 143259 149056 16711 44 11
May-29 143676 149113 167891 44 11
May-30 1442 149161 168626 44 11
May-31 144545 149393 169258 44 1
Jun-01 144785 149493 169409 44 1
Jun-02 144969 149569 169717 45 09
Jun-03 145211 149575 170452 44 09
Jun-04 145532 149647 170986 44 09
Jun-05 146458 14967 171959 45 08
Jun-06 147033 149791 172742 45 08
Jun-07 147535 149896 173169 45 08
Jun-08 147838 149911 173672 45 07
Jun-09 148111 149915 174203 45 07
Jun-10 148302 149975 174903 44 07
Jun-11 148548 149975 175279 44 07
Jun-12 148795 149975 175763 44 07
Jun-13 149169 149975 176279 44 07
Jun-14 149886 149981 176859 44 07
Jun-15 150168 150142 17703 44 06
Jun-16 150462 150186 177623 43 06
Jun-17 150731 15021 178343 43 06
Jun-18 151447 150243 178887 42 06
Jun-19 152109 150247 179668 42 06
Jun-20 152758 150287 179981 41 06
Jun-21 153139 150315 180324 41 06
Jun-22 153321 150421 180658 4 06
Jun-23 153536 150428 181094 4 05
Jun-24 154122 150543 181596 39 05
Jun-25 154487 15062 181875 38 06
Jun-26 154764 150696 182241 38 06
Jun-27 15517 150702 182588 37 06
Jun-28 155453 15071 182874 36 05
Jun-29 155786 150817 183159 36 05
Jun-30 15612 150901 183853 35 06
Jul-01 Jul-01
Jul-02 Jul-02
Jul-03 Jul-03
Jul-04 Jul-04
Jul-05 Jul-05
Jul-06 Jul-06
Jul-07 Jul-07
Jul-08 Jul-08
Jul-09 Jul-09
Jul-10 Jul-10
Jul-11 Jul-11
Jul-12 Jul-12
Jul-13 Jul-13
Jul-14 Jul-14
Jul-15 Jul-15
Jul-16 Jul-16
Jul-17 Jul-17
Jul-18 Jul-18
Jul-19 Jul-19
Jul-20 Jul-20
Jul-21 Jul-21
Jul-22 Jul-22
Jul-23 Jul-23
Jul-24 Jul-24
Jul-25 Jul-25
Jul-26 Jul-26
Jul-27 Jul-27
Jul-28 Jul-28
Jul-29 Jul-29
Jul-30 Jul-30
Jul-31 Jul-31
Aug-01 Aug-01
Aug-02 Aug-02
Aug-03 Aug-03
Aug-04 Aug-04
Aug-05 Aug-05
Aug-06 Aug-06
Aug-07 Aug-07
Aug-08 Aug-08
Aug-09 Aug-09
Aug-10 Aug-10
Aug-11 Aug-11
Aug-12 Aug-12
Aug-13 Aug-13
Aug-14 Aug-14
Aug-15 Aug-15
Aug-16 Aug-16
Aug-17 Aug-17
Aug-18 Aug-18
Aug-19 Aug-19
Aug-20 Aug-20
Aug-21 Aug-21
Aug-22 Aug-22
Aug-23 Aug-23
Aug-24 Aug-24
Aug-25 Aug-25
Aug-26 Aug-26
Aug-27 Aug-27
Aug-28 Aug-28
Aug-29 Aug-29
Aug-30 Aug-30
Aug-31 Aug-31
Sep-01 Sep-01
Sep-02 Sep-02
Sep-03 Sep-03
Sep-04 Sep-04
Sep-05 Sep-05
Sep-06 Sep-06
Sep-07 Sep-07
Sep-08 Sep-08
Sep-09 Sep-09
Sep-10 Sep-10
Sep-11 Sep-11
Sep-12 Sep-12
Sep-13 Sep-13
Sep-14 Sep-14
Sep-15 Sep-15
Sep-16 Sep-16
Sep-17 Sep-17
Sep-18 Sep-18
Sep-19 Sep-19
Sep-20 Sep-20
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Sep-23 Sep-23
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Sep-27 Sep-27
Sep-28 Sep-28
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Sep-30 Sep-30
Oct-01 Oct-01
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Oct-05 Oct-05
Oct-06 Oct-06
Oct-07 Oct-07
Oct-08 Oct-08
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Oct-17 Oct-17
Oct-18 Oct-18
Oct-19 Oct-19
Oct-20 Oct-20
Oct-21 Oct-21
Oct-22 Oct-22
Oct-23 Oct-23
Oct-24 Oct-24
Oct-25 Oct-25
Oct-26 Oct-26
Oct-27 Oct-27
Oct-28 Oct-28
Oct-29 Oct-29
Oct-30 Oct-30
Oct-31 Oct-31
Nov-01 Nov-01
Nov-02 Nov-02
Nov-03 Nov-03
Nov-04 Nov-04
Nov-05 Nov-05
Nov-06 Nov-06
Nov-07 Nov-07
Nov-08 Nov-08
Nov-09 Nov-09
Nov-10 Nov-10
Nov-11 Nov-11
Nov-12 Nov-12
Nov-13 Nov-13
Nov-14 Nov-14
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Nov-16 Nov-16
Nov-17 Nov-17
Nov-18 Nov-18
Nov-19 Nov-19
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Nov-23 Nov-23
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Nov-30 Nov-30
Dec-01 Dec-01
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Dec-03 Dec-03
Dec-04 Dec-04
Dec-05 Dec-05
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Dec-08 Dec-08
Dec-09 Dec-09
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Jan-01 Jan-01
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Mar-01 Mar-01
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May-19 May-19
May-20 May-20
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Jun-01 Jun-01
Jun-02 Jun-02
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Jun-29 Jun-29
Jun-30 Jun-30
Page 10: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

World Rice Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 1500 1626 06 126Production 4954 5016 57 62Total Supply 6453 6642 63 188Total use 4827 4920 17 92

Trade 471 474 -04 02Ending Stocks 1626 1722 46 96

---------------- Million Tons ----------------

US Rice Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 246 295 -- 048Harvested area (million acres) 237 292 -- 054Yield (pounds per acre) 7507 7692 -- 185

------------ Million cwt ------------Beginning stocks 460 294 -- -167Production 1782 2242 -- 460Imports 269 290 05 21Total supply 2512 2826 05 314

Domestic use 1348 1350 -- 02Exports 870 980 -20 110Total use 2218 2330 -20 112

Ending stocks 294 496 25 202----------------- Percent -----------------

Stocks to use ratio 132 213 12 80

Average market price 1290 11701270 010 -070-- No change

------------ Dollars per cwt ------------

World Corn Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 10762 11012 16 249United States 3711 3663 -- -48

Foreign 7051 7349 16 297Argentina 320 460 -- 140Brazil 820 945 -- 125Mexico 275 256 -- -19Canada 141 139 -- -02European Union 621 609 02 -12Serbia 40 70 -- 30FSU-12 422 521 03 99Ukraine 241 355 -- 114Russia 132 114 02 -18

South Africa 131 110 -05 -21China 2591 2573 -- -17India 287 278 18 -09

-- No change

---------------- Million Tons ----------------

Brazil Corn (Second Crop)

Major

Corn ProductionAverage (2011-13)

IntensityProductionMinor

Source IBGEAgricultural Weather AssessmentsWorld Agricultural Outlook Board

Rio Grandedo Sul

SantaCatarina

Mato GrossoBahia

Mato Grossodo Sul

Parana

SaoPaulo

MinasGerais

Goias

Tocantins

Maranhao

Piaui

a ndash Cearab ndash Rio Grande do Nortec ndash Paraibad ndash Pernambucoe ndash Alagoasf ndash Sergipeh ndash Espirito Santoi ndash Rio de Janeiro

abc

de

f

h

i

Para

Amazonas

Rondonia

Roraima

Amapa

Acre

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2nd Corn crop calendar for most of Center-South Brazil

Plant

Harvest

Source IBGE Brazil

State-Level Production(as of total)

Mato GrossoParanaMato Grosso do SulGoiasSao PauloMinas GeraisSergipeBahiaMaranhaoRondoniaOther States

39251512

311111

~1

2011 to 2013 Average

March 8 2019

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

Mato Grosso corn is the record earliest planted 96 of 2nd-crop corn has been planted

Rapid soybean harvest allowed for early planting of corn in Mato Grosso

Mato Grosso CornPercent Planted

Source Safras e MercadoPeriod Ending (Approximate Date)

Source IMEA Source IMEA

Perc

ent

Perc

ent

Period Ending (Approximate Date)

Mato Grosso SoybeansPercent Harvested

March 8 2019

Brazil Normal Daily Rainfall (mm)

0123456789

Jul

-01

Jul

-23

Aug

-14

Sep

-05

Sep

-27

Oct

-19

Nov

-10

Dec

-02

Dec

-24

Jan

-15

Feb

-06

Feb

-28

Mar

-22

Apr

-13

May

-05

May

-27

Jun

-18

Parana MT

Early March

Mato Grosso

Parana

Agricultural Weather AssessmentsWorld Agricultural Outlook Board March 8 2019

Chart4

Parana
MT
Brazil Normal Daily Rainfall (mm)
34
05
33
05
33
05
32
05
31
06
3
05
3
05
29
05
28
05
28
05
27
05
27
05
26
05
25
05
25
05
24
05
24
05
24
05
23
05
23
05
23
05
23
05
23
05
22
05
22
05
22
05
22
05
22
05
22
05
22
05
23
05
23
05
23
05
23
05
23
06
23
06
24
05
24
05
24
05
24
06
25
06
25
06
25
06
25
06
26
07
26
07
27
08
27
08
27
08
28
08
28
09
28
09
29
09
29
1
29
1
3
11
3
11
3
12
31
12
31
13
32
13
32
13
33
14
33
14
34
15
34
16
35
16
36
17
37
17
37
18
38
18
39
19
39
2
4
2
41
21
42
22
43
22
44
22
45
23
46
24
47
24
48
25
48
26
49
26
5
27
51
28
52
28
53
29
53
29
54
3
55
31
56
31
56
32
57
33
57
33
58
34
58
35
58
36
59
36
59
37
59
38
59
38
59
39
59
4
59
41
59
41
58
42
58
43
58
44
57
45
57
45
56
46
56
47
55
48
55
48
54
49
53
5
52
51
52
52
51
52
5
53
49
54
49
55
48
55
47
56
47
57
46
58
46
59
45
59
45
6
44
61
44
61
44
62
44
62
43
63
43
64
43
64
43
65
43
65
44
66
44
66
44
66
45
67
45
68
46
68
46
68
47
68
48
69
48
69
49
69
5
69
51
7
52
7
52
7
53
7
54
7
55
7
56
7
56
7
57
71
57
71
58
7
59
7
6
71
6
71
6
7
61
71
61
71
61
71
62
71
62
71
62
71
62
71
62
71
62
71
61
71
61
71
61
72
61
72
6
72
6
72
6
72
6
72
59
73
59
72
58
73
58
73
58
73
57
74
57
74
56
74
56
75
56
75
55
75
55
75
55
76
55
76
54
76
54
76
54
77
54
77
54
77
54
78
54
78
55
78
55
79
55
79
55
79
55
8
55
8
56
8
56
8
57
81
57
81
57
82
58
82
58
82
59
82
59
82
59
82
6
83
6
83
6
83
6
83
61
83
6
83
6
83
6
83
6
83
6
83
6
83
6
83
59
82
59
82
58
82
58
82
57
82
56
82
55
81
55
81
54
8
53
8
52
79
51
79
5
78
49
78
49
77
48
77
47
76
46
76
45
75
45
75
44
74
43
73
42
73
42
72
41
71
41
7
4
7
4
68
4
68
39
67
39
66
39
65
39
64
38
63
39
62
39
61
39
61
39
6
39
58
39
58
4
57
4
56
4
55
4
54
41
53
41
52
42
51
42
5
42
49
43
48
43
47
44
46
44
45
44
44
45
43
45
42
46
41
46
4
46
39
46
38
46
37
47
36
47
35
47
35
47
34
47
33
47
32
47
31
47
31
47
3
47
29
47
28
46
27
46
27
46
26
46
25
46
24
45
24
45
23
45
22
45
22
45
21
44
2
44
2
44
19
44
19
44
18
44
17
44
17
43
16
44
15
44
15
44
14
44
14
44
14
44
13
44
12
44
12
44
11
44
11
44
11
44
11
44
1
44
1
45
09
44
09
44
09
45
08
45
08
45
08
45
07
45
07
44
07
44
07
44
07
44
07
44
07
44
06
43
06
43
06
42
06
42
06
41
06
41
06
4
06
4
05
39
05
38
06
38
06
37
06
36
05
36
05
35
06

Rainfall normals

Rainfall normals

Parana
MT
Brazil Normal Daily Rainfall (mm)

Sheet2

Sheet3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Cumulative Daily
Parana MT RGDS Parana MT
Jul-01 2764 0 7088 34 05
Jul-02 5128 0 12232 33 05
Jul-03 86 0952 18532 33 05
Jul-04 11196 2116 21512 32 05
Jul-05 12908 214 25204 31 06
Jul-06 15308 246 31972 3 05
Jul-07 19736 246 38674 3 05
Jul-08 23852 2464 4448 29 05
Jul-09 29252 3412 5054 28 05
Jul-10 32968 3748 55088 28 05
Jul-11 352 384 60272 27 05
Jul-12 37316 392 61724 27 05
Jul-13 38576 3932 62328 26 05
Jul-14 38684 396 63566 25 05
Jul-15 39676 3976 66248 25 05
Jul-16 44864 3976 72016 24 05
Jul-17 4847 3976 76014 24 05
Jul-18 5265 4128 80946 24 05
Jul-19 56222 4228 86874 23 05
Jul-20 58754 456 92074 23 05
Jul-21 62098 4616 95112 23 05
Jul-22 63482 47 98508 23 05
Jul-23 66322 6736 10102 23 05
Jul-24 66826 6868 102116 22 05
Jul-25 68194 7008 104668 22 05
Jul-26 69974 7432 10911 22 05
Jul-27 72834 7488 113962 22 05
Jul-28 75074 7568 118294 22 05
Jul-29 76562 7608 124178 22 05
Jul-30 78202 7628 129238 22 05
Jul-31 80654 8448 135082 23 05
Aug-01 84138 9236 140582 23 05
Aug-02 86938 9384 144806 23 05
Aug-03 88686 9452 150098 23 05
Aug-04 90358 996 155774 23 06
Aug-05 92794 11416 158934 23 06
Aug-06 9575 12692 162478 24 05
Aug-07 98422 127 167014 24 05
Aug-08 100086 12704 170066 24 05
Aug-09 102978 12704 177274 24 06
Aug-10 105066 1304 180992 25 06
Aug-11 106538 1312 18366 25 06
Aug-12 108098 13508 185076 25 06
Aug-13 108986 13644 186364 25 06
Aug-14 111482 13908 18984 26 07
Aug-15 11377 15204 195176 26 07
Aug-16 117674 1592 201236 27 08
Aug-17 11985 1596 20416 27 08
Aug-18 123498 16052 208836 27 08
Aug-19 12841 1614 211548 28 08
Aug-20 13183 16564 21698 28 09
Aug-21 135826 17052 221748 28 09
Aug-22 138234 17196 223168 29 09
Aug-23 139438 18948 225216 29 1
Aug-24 14061 19588 228608 29 1
Aug-25 143082 21084 231288 3 11
Aug-26 144454 22012 235172 3 11
Aug-27 149278 22012 238864 3 12
Aug-28 15179 22856 24076 31 12
Aug-29 153774 24556 243712 31 13
Aug-30 154746 25356 246228 32 13
Aug-31 158766 26432 251112 32 13
Sep-01 161398 28168 255196 33 14
Sep-02 16531 30132 257996 33 14
Sep-03 167078 30308 259736 34 15
Sep-04 17003 30388 263592 34 16
Sep-05 173546 30768 26666 35 16
Sep-06 175398 3148 268684 36 17
Sep-07 181814 3268 272 37 17
Sep-08 187614 36846 277494 37 18
Sep-09 191406 38834 281182 38 18
Sep-10 192502 4009 284174 39 19
Sep-11 193486 41462 292254 39 2
Sep-12 199146 42282 302174 4 2
Sep-13 205058 44022 308424 41 21
Sep-14 211134 45642 31666 42 22
Sep-15 218042 4695 325528 43 22
Sep-16 221954 49078 330032 44 22
Sep-17 224018 49926 332248 45 23
Sep-18 228086 50494 340216 46 24
Sep-19 232194 53954 34878 47 24
Sep-20 23891 54818 355518 48 25
Sep-21 240914 56926 361376 48 26
Sep-22 244254 58866 365848 49 26
Sep-23 248926 60538 37564 5 27
Sep-24 256398 6307 389776 51 28
Sep-25 26425 65454 395308 52 28
Sep-26 268946 69902 40004 53 29
Sep-27 27237 70662 4038 53 29
Sep-28 277442 72082 407884 54 3
Sep-29 284522 76594 413128 55 31
Sep-30 290042 81582 418636 56 31
Oct-01 299106 84374 427364 56 32
Oct-02 305186 8773 431952 57 33
Oct-03 308186 89546 436956 57 33
Oct-04 31191 94862 442232 58 34
Oct-05 315982 9665 452052 58 35
Oct-06 322018 100354 4593 58 36
Oct-07 32445 103338 461674 59 36
Oct-08 330414 10633 46959 59 37
Oct-09 33641 10839 478896 59 38
Oct-10 342482 112878 4864 59 38
Oct-11 349454 115038 49178 59 39
Oct-12 35571 11893 498376 59 4
Oct-13 362234 123062 50792 59 41
Oct-14 367638 126802 513484 59 41
Oct-15 369866 129274 519524 58 42
Oct-16 375386 13339 528236 58 43
Oct-17 383966 13761 539512 58 44
Oct-18 388114 141006 54398 57 45
Oct-19 39491 146666 547548 57 45
Oct-20 401666 150358 554624 56 46
Oct-21 406878 153806 560316 56 47
Oct-22 411594 157198 563256 55 48
Oct-23 414694 163434 566624 55 48
Oct-24 41811 168974 571808 54 49
Oct-25 424658 173138 577804 53 5
Oct-26 433038 178442 585308 52 51
Oct-27 442146 18707 5891 52 52
Oct-28 444998 192174 592184 51 52
Oct-29 447778 195098 59562 5 53
Oct-30 449114 202238 599922 49 54
Oct-31 453102 207962 606102 49 55
Nov-01 460738 21235 611414 48 55
Nov-02 46535 217874 616194 47 56
Nov-03 471222 224532 620408 47 57
Nov-04 47721 229184 626328 46 58
Nov-05 481826 236736 63376 46 59
Nov-06 490546 240048 643056 45 59
Nov-07 493758 244132 645724 45 6
Nov-08 49723 248816 650184 44 61
Nov-09 500526 255364 654412 44 61
Nov-10 505182 26546 65976 44 62
Nov-11 509178 271336 664348 44 62
Nov-12 513334 276676 66896 43 63
Nov-13 519854 282156 675124 43 64
Nov-14 52521 28843 678284 43 64
Nov-15 53069 292758 680652 43 65
Nov-16 533158 304166 684364 43 65
Nov-17 537386 30969 68864 44 66
Nov-18 54063 31615 693612 44 66
Nov-19 54451 320838 697756 44 66
Nov-20 548162 331762 699288 45 67
Nov-21 552446 337868 702032 45 68
Nov-22 556582 343624 703216 46 68
Nov-23 558166 35038 706056 46 68
Nov-24 561802 35358 710 47 68
Nov-25 568802 360124 716752 48 69
Nov-26 574546 364332 720672 48 69
Nov-27 57893 36952 724824 49 69
Nov-28 582814 377852 729172 5 69
Nov-29 58561 388264 730416 51 7
Nov-30 588422 396364 732412 52 7
Dec-01 591438 407728 735704 52 7
Dec-02 594274 414648 738192 53 7
Dec-03 597002 42232 740312 54 7
Dec-04 601042 427388 743156 55 7
Dec-05 605394 43246 750432 56 7
Dec-06 610078 438292 75839 56 7
Dec-07 617094 447072 763426 57 71
Dec-08 621458 45366 766248 57 71
Dec-09 623962 460588 7684 58 7
Dec-10 63095 46921 771594 59 7
Dec-11 635566 481482 775878 6 71
Dec-12 642502 48885 78275 6 71
Dec-13 649742 499602 78785 6 7
Dec-14 65815 509698 791862 61 71
Dec-15 662126 515178 797586 61 71
Dec-16 667966 522814 80215 61 71
Dec-17 673974 529578 810014 62 71
Dec-18 676898 537354 81391 62 71
Dec-19 680222 544574 815174 62 71
Dec-20 684598 55039 82225 62 71
Dec-21 689722 556622 82803 62 71
Dec-22 697602 560194 832886 62 71
Dec-23 70129 567118 838426 61 71
Dec-24 70669 573266 846136 61 71
Dec-25 708366 58053 848 61 72
Dec-26 710446 588766 852876 61 72
Dec-27 713818 595826 855604 6 72
Dec-28 71879 60375 860756 6 72
Dec-29 727414 610454 864652 6 72
Dec-30 733598 617218 871628 6 72
Dec-31 739248 626332 875934 59 73
Jan-01 743224 635558 87995 59 72
Jan-02 745184 64569 882542 58 73
Jan-03 749496 653898 885678 58 73
Jan-04 753786 664308 88883 58 73
Jan-05 758918 673588 893222 57 74
Jan-06 762998 685356 896982 57 74
Jan-07 766544 6916 901356 56 74
Jan-08 768952 700506 907956 56 75
Jan-09 77438 710522 913684 56 75
Jan-10 781904 718902 919052 55 75
Jan-11 788208 726078 925492 55 75
Jan-12 79456 735638 929744 55 76
Jan-13 800452 74447 93248 55 76
Jan-14 804716 753262 939044 54 76
Jan-15 810692 764854 947368 54 76
Jan-16 815796 773346 95577 54 77
Jan-17 82062 781266 96295 54 77
Jan-18 82456 788226 966778 54 77
Jan-19 829312 79381 969044 54 78
Jan-20 83652 800718 976852 54 78
Jan-21 840784 809782 980462 55 78
Jan-22 84686 815818 984158 55 79
Jan-23 852196 824174 988466 55 79
Jan-24 85726 831706 99199 55 79
Jan-25 866372 83847 100142 55 8
Jan-26 872064 846934 100761 55 8
Jan-27 878372 85433 101541 56 8
Jan-28 883588 85997 101846 56 8
Jan-29 889244 867398 102653 57 81
Jan-30 896468 876534 103566 57 81
Jan-31 90484 883646 10443 57 82
Feb-01 915208 891514 105294 58 82
Feb-02 921476 90037 106103 58 82
Feb-03 927964 909646 106442 59 82
Feb-04 93286 918026 107032 59 82
Feb-05 937408 928946 107763 59 82
Feb-06 94201 937412 108254 6 83
Feb-07 947086 952884 108552 6 83
Feb-08 952246 96228 109098 6 83
Feb-09 955886 968904 109558 6 83
Feb-10 96133 9754 110469 61 83
Feb-11 96697 981996 110991 6 83
Feb-12 969426 992592 111242 6 83
Feb-13 97417 999652 111567 6 83
Feb-14 980506 100768 112062 6 83
Feb-15 985954 101555 112725 6 83
Feb-16 99267 102422 1134 6 83
Feb-17 997258 103353 113994 6 83
Feb-18 100341 104026 114302 59 82
Feb-19 100826 104853 11448 59 82
Feb-20 10135 105757 115195 58 82
Feb-21 101997 106745 115619 58 82
Feb-22 102626 107418 115978 57 82
Feb-23 103088 108182 116461 56 82
Feb-24 103827 108792 117726 55 81
Feb-25 104473 10951 118573 55 81
Feb-26 104847 110097 119134 54 8
Feb-27 105214 110854 119655 53 8
Feb-28 105754 111584 119994 52 79
Mar-01 106131 112306 12051 51 79
Mar-02 106455 11297 12082 5 78
Mar-03 106966 113829 121208 49 78
Mar-04 107273 114705 121571 49 77
Mar-05 107551 115385 122014 48 77
Mar-06 107835 116451 122605 47 76
Mar-07 108221 117131 123162 46 76
Mar-08 108449 117625 123525 45 75
Mar-09 108706 118251 123844 45 75
Mar-10 109109 118828 124456 44 74
Mar-11 109385 119645 124956 43 73
Mar-12 109721 120487 125389 42 73
Mar-13 110119 121134 125913 42 72
Mar-14 110432 122035 126473 41 71
Mar-15 11068 122842 126772 41 7
Mar-16 110909 123543 127254 4 7
Mar-17 111538 124458 127636 4 68
Mar-18 112072 125557 128608 4 68
Mar-19 112325 126969 128885 39 67
Mar-20 112907 127667 129129 39 66
Mar-21 113171 128444 12943 39 65
Mar-22 113633 129037 129641 39 64
Mar-23 113946 129689 130187 38 63
Mar-24 114494 130371 130687 39 62
Mar-25 114798 13106 13116 39 61
Mar-26 115109 131501 131718 39 61
Mar-27 1155 132129 132139 39 6
Mar-28 115791 132728 132677 39 58
Mar-29 116153 133382 133207 39 58
Mar-30 116608 134038 133786 4 57
Mar-31 116879 134388 134263 4 56
Apr-01 117448 13481 135173 4 55
Apr-02 117731 135548 135867 4 54
Apr-03 117943 136158 136402 41 53
Apr-04 118451 136585 137352 41 52
Apr-05 118751 136883 137983 42 51
Apr-06 118931 137352 138669 42 5
Apr-07 119668 137681 139307 42 49
Apr-08 120095 137925 139919 43 48
Apr-09 120417 138207 140221 43 47
Apr-10 120927 138485 140749 44 46
Apr-11 121133 138983 141135 44 45
Apr-12 121383 139608 141819 44 44
Apr-13 122001 14036 142518 45 43
Apr-14 122484 140746 143004 45 42
Apr-15 123102 14132 143888 46 41
Apr-16 123593 141693 144598 46 4
Apr-17 124211 142326 14511 46 39
Apr-18 124985 142663 145816 46 38
Apr-19 125699 143123 146355 46 37
Apr-20 126363 143359 146813 47 36
Apr-21 126625 143631 14718 47 35
Apr-22 126848 143999 147422 47 35
Apr-23 127155 144221 14801 47 34
Apr-24 127786 144374 148823 47 33
Apr-25 128226 144671 149713 47 32
Apr-26 128702 144918 150257 47 31
Apr-27 128934 145129 150715 47 31
Apr-28 12922 145279 151235 47 3
Apr-29 129737 145416 151968 47 29
Apr-30 130073 145645 152481 47 28
May-01 130327 145749 152759 46 27
May-02 130623 145967 153177 46 27
May-03 131046 146091 153532 46 26
May-04 131572 14629 154097 46 25
May-05 131847 146391 154588 46 24
May-06 132538 146643 154808 45 24
May-07 132866 146852 155413 45 23
May-08 13334 146912 15599 45 22
May-09 133673 147045 156414 45 22
May-10 134007 147091 15677 45 21
May-11 134298 147144 157185 44 2
May-12 13464 147175 157683 44 2
May-13 135307 147252 158313 44 19
May-14 135985 147549 158803 44 19
May-15 13632 147685 15911 44 18
May-16 136885 147977 159807 44 17
May-17 137428 148068 160351 44 17
May-18 138029 148179 160972 43 16
May-19 138529 148214 161583 44 15
May-20 139212 148227 162319 44 15
May-21 140112 148465 163037 44 14
May-22 140769 148569 163618 44 14
May-23 141341 148687 164089 44 14
May-24 141704 148804 164369 44 13
May-25 142195 148864 164796 44 12
May-26 142465 148911 165278 44 12
May-27 142872 149025 166129 44 11
May-28 143259 149056 16711 44 11
May-29 143676 149113 167891 44 11
May-30 1442 149161 168626 44 11
May-31 144545 149393 169258 44 1
Jun-01 144785 149493 169409 44 1
Jun-02 144969 149569 169717 45 09
Jun-03 145211 149575 170452 44 09
Jun-04 145532 149647 170986 44 09
Jun-05 146458 14967 171959 45 08
Jun-06 147033 149791 172742 45 08
Jun-07 147535 149896 173169 45 08
Jun-08 147838 149911 173672 45 07
Jun-09 148111 149915 174203 45 07
Jun-10 148302 149975 174903 44 07
Jun-11 148548 149975 175279 44 07
Jun-12 148795 149975 175763 44 07
Jun-13 149169 149975 176279 44 07
Jun-14 149886 149981 176859 44 07
Jun-15 150168 150142 17703 44 06
Jun-16 150462 150186 177623 43 06
Jun-17 150731 15021 178343 43 06
Jun-18 151447 150243 178887 42 06
Jun-19 152109 150247 179668 42 06
Jun-20 152758 150287 179981 41 06
Jun-21 153139 150315 180324 41 06
Jun-22 153321 150421 180658 4 06
Jun-23 153536 150428 181094 4 05
Jun-24 154122 150543 181596 39 05
Jun-25 154487 15062 181875 38 06
Jun-26 154764 150696 182241 38 06
Jun-27 15517 150702 182588 37 06
Jun-28 155453 15071 182874 36 05
Jun-29 155786 150817 183159 36 05
Jun-30 15612 150901 183853 35 06
Jul-01 Jul-01
Jul-02 Jul-02
Jul-03 Jul-03
Jul-04 Jul-04
Jul-05 Jul-05
Jul-06 Jul-06
Jul-07 Jul-07
Jul-08 Jul-08
Jul-09 Jul-09
Jul-10 Jul-10
Jul-11 Jul-11
Jul-12 Jul-12
Jul-13 Jul-13
Jul-14 Jul-14
Jul-15 Jul-15
Jul-16 Jul-16
Jul-17 Jul-17
Jul-18 Jul-18
Jul-19 Jul-19
Jul-20 Jul-20
Jul-21 Jul-21
Jul-22 Jul-22
Jul-23 Jul-23
Jul-24 Jul-24
Jul-25 Jul-25
Jul-26 Jul-26
Jul-27 Jul-27
Jul-28 Jul-28
Jul-29 Jul-29
Jul-30 Jul-30
Jul-31 Jul-31
Aug-01 Aug-01
Aug-02 Aug-02
Aug-03 Aug-03
Aug-04 Aug-04
Aug-05 Aug-05
Aug-06 Aug-06
Aug-07 Aug-07
Aug-08 Aug-08
Aug-09 Aug-09
Aug-10 Aug-10
Aug-11 Aug-11
Aug-12 Aug-12
Aug-13 Aug-13
Aug-14 Aug-14
Aug-15 Aug-15
Aug-16 Aug-16
Aug-17 Aug-17
Aug-18 Aug-18
Aug-19 Aug-19
Aug-20 Aug-20
Aug-21 Aug-21
Aug-22 Aug-22
Aug-23 Aug-23
Aug-24 Aug-24
Aug-25 Aug-25
Aug-26 Aug-26
Aug-27 Aug-27
Aug-28 Aug-28
Aug-29 Aug-29
Aug-30 Aug-30
Aug-31 Aug-31
Sep-01 Sep-01
Sep-02 Sep-02
Sep-03 Sep-03
Sep-04 Sep-04
Sep-05 Sep-05
Sep-06 Sep-06
Sep-07 Sep-07
Sep-08 Sep-08
Sep-09 Sep-09
Sep-10 Sep-10
Sep-11 Sep-11
Sep-12 Sep-12
Sep-13 Sep-13
Sep-14 Sep-14
Sep-15 Sep-15
Sep-16 Sep-16
Sep-17 Sep-17
Sep-18 Sep-18
Sep-19 Sep-19
Sep-20 Sep-20
Sep-21 Sep-21
Sep-22 Sep-22
Sep-23 Sep-23
Sep-24 Sep-24
Sep-25 Sep-25
Sep-26 Sep-26
Sep-27 Sep-27
Sep-28 Sep-28
Sep-29 Sep-29
Sep-30 Sep-30
Oct-01 Oct-01
Oct-02 Oct-02
Oct-03 Oct-03
Oct-04 Oct-04
Oct-05 Oct-05
Oct-06 Oct-06
Oct-07 Oct-07
Oct-08 Oct-08
Oct-09 Oct-09
Oct-10 Oct-10
Oct-11 Oct-11
Oct-12 Oct-12
Oct-13 Oct-13
Oct-14 Oct-14
Oct-15 Oct-15
Oct-16 Oct-16
Oct-17 Oct-17
Oct-18 Oct-18
Oct-19 Oct-19
Oct-20 Oct-20
Oct-21 Oct-21
Oct-22 Oct-22
Oct-23 Oct-23
Oct-24 Oct-24
Oct-25 Oct-25
Oct-26 Oct-26
Oct-27 Oct-27
Oct-28 Oct-28
Oct-29 Oct-29
Oct-30 Oct-30
Oct-31 Oct-31
Nov-01 Nov-01
Nov-02 Nov-02
Nov-03 Nov-03
Nov-04 Nov-04
Nov-05 Nov-05
Nov-06 Nov-06
Nov-07 Nov-07
Nov-08 Nov-08
Nov-09 Nov-09
Nov-10 Nov-10
Nov-11 Nov-11
Nov-12 Nov-12
Nov-13 Nov-13
Nov-14 Nov-14
Nov-15 Nov-15
Nov-16 Nov-16
Nov-17 Nov-17
Nov-18 Nov-18
Nov-19 Nov-19
Nov-20 Nov-20
Nov-21 Nov-21
Nov-22 Nov-22
Nov-23 Nov-23
Nov-24 Nov-24
Nov-25 Nov-25
Nov-26 Nov-26
Nov-27 Nov-27
Nov-28 Nov-28
Nov-29 Nov-29
Nov-30 Nov-30
Dec-01 Dec-01
Dec-02 Dec-02
Dec-03 Dec-03
Dec-04 Dec-04
Dec-05 Dec-05
Dec-06 Dec-06
Dec-07 Dec-07
Dec-08 Dec-08
Dec-09 Dec-09
Dec-10 Dec-10
Dec-11 Dec-11
Dec-12 Dec-12
Dec-13 Dec-13
Dec-14 Dec-14
Dec-15 Dec-15
Dec-16 Dec-16
Dec-17 Dec-17
Dec-18 Dec-18
Dec-19 Dec-19
Dec-20 Dec-20
Dec-21 Dec-21
Dec-22 Dec-22
Dec-23 Dec-23
Dec-24 Dec-24
Dec-25 Dec-25
Dec-26 Dec-26
Dec-27 Dec-27
Dec-28 Dec-28
Dec-29 Dec-29
Dec-30 Dec-30
Dec-31 Dec-31
Jan-01 Jan-01
Jan-02 Jan-02
Jan-03 Jan-03
Jan-04 Jan-04
Jan-05 Jan-05
Jan-06 Jan-06
Jan-07 Jan-07
Jan-08 Jan-08
Jan-09 Jan-09
Jan-10 Jan-10
Jan-11 Jan-11
Jan-12 Jan-12
Jan-13 Jan-13
Jan-14 Jan-14
Jan-15 Jan-15
Jan-16 Jan-16
Jan-17 Jan-17
Jan-18 Jan-18
Jan-19 Jan-19
Jan-20 Jan-20
Jan-21 Jan-21
Jan-22 Jan-22
Jan-23 Jan-23
Jan-24 Jan-24
Jan-25 Jan-25
Jan-26 Jan-26
Jan-27 Jan-27
Jan-28 Jan-28
Jan-29 Jan-29
Jan-30 Jan-30
Jan-31 Jan-31
Feb-01 Feb-01
Feb-02 Feb-02
Feb-03 Feb-03
Feb-04 Feb-04
Feb-05 Feb-05
Feb-06 Feb-06
Feb-07 Feb-07
Feb-08 Feb-08
Feb-09 Feb-09
Feb-10 Feb-10
Feb-11 Feb-11
Feb-12 Feb-12
Feb-13 Feb-13
Feb-14 Feb-14
Feb-15 Feb-15
Feb-16 Feb-16
Feb-17 Feb-17
Feb-18 Feb-18
Feb-19 Feb-19
Feb-20 Feb-20
Feb-21 Feb-21
Feb-22 Feb-22
Feb-23 Feb-23
Feb-24 Feb-24
Feb-25 Feb-25
Feb-26 Feb-26
Feb-27 Feb-27
Feb-28 Feb-28
Mar-01 Mar-01
Mar-02 Mar-02
Mar-03 Mar-03
Mar-04 Mar-04
Mar-05 Mar-05
Mar-06 Mar-06
Mar-07 Mar-07
Mar-08 Mar-08
Mar-09 Mar-09
Mar-10 Mar-10
Mar-11 Mar-11
Mar-12 Mar-12
Mar-13 Mar-13
Mar-14 Mar-14
Mar-15 Mar-15
Mar-16 Mar-16
Mar-17 Mar-17
Mar-18 Mar-18
Mar-19 Mar-19
Mar-20 Mar-20
Mar-21 Mar-21
Mar-22 Mar-22
Mar-23 Mar-23
Mar-24 Mar-24
Mar-25 Mar-25
Mar-26 Mar-26
Mar-27 Mar-27
Mar-28 Mar-28
Mar-29 Mar-29
Mar-30 Mar-30
Mar-31 Mar-31
Apr-01 Apr-01
Apr-02 Apr-02
Apr-03 Apr-03
Apr-04 Apr-04
Apr-05 Apr-05
Apr-06 Apr-06
Apr-07 Apr-07
Apr-08 Apr-08
Apr-09 Apr-09
Apr-10 Apr-10
Apr-11 Apr-11
Apr-12 Apr-12
Apr-13 Apr-13
Apr-14 Apr-14
Apr-15 Apr-15
Apr-16 Apr-16
Apr-17 Apr-17
Apr-18 Apr-18
Apr-19 Apr-19
Apr-20 Apr-20
Apr-21 Apr-21
Apr-22 Apr-22
Apr-23 Apr-23
Apr-24 Apr-24
Apr-25 Apr-25
Apr-26 Apr-26
Apr-27 Apr-27
Apr-28 Apr-28
Apr-29 Apr-29
Apr-30 Apr-30
May-01 May-01
May-02 May-02
May-03 May-03
May-04 May-04
May-05 May-05
May-06 May-06
May-07 May-07
May-08 May-08
May-09 May-09
May-10 May-10
May-11 May-11
May-12 May-12
May-13 May-13
May-14 May-14
May-15 May-15
May-16 May-16
May-17 May-17
May-18 May-18
May-19 May-19
May-20 May-20
May-21 May-21
May-22 May-22
May-23 May-23
May-24 May-24
May-25 May-25
May-26 May-26
May-27 May-27
May-28 May-28
May-29 May-29
May-30 May-30
May-31 May-31
Jun-01 Jun-01
Jun-02 Jun-02
Jun-03 Jun-03
Jun-04 Jun-04
Jun-05 Jun-05
Jun-06 Jun-06
Jun-07 Jun-07
Jun-08 Jun-08
Jun-09 Jun-09
Jun-10 Jun-10
Jun-11 Jun-11
Jun-12 Jun-12
Jun-13 Jun-13
Jun-14 Jun-14
Jun-15 Jun-15
Jun-16 Jun-16
Jun-17 Jun-17
Jun-18 Jun-18
Jun-19 Jun-19
Jun-20 Jun-20
Jun-21 Jun-21
Jun-22 Jun-22
Jun-23 Jun-23
Jun-24 Jun-24
Jun-25 Jun-25
Jun-26 Jun-26
Jun-27 Jun-27
Jun-28 Jun-28
Jun-29 Jun-29
Jun-30 Jun-30
Page 11: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

US Rice Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 246 295 -- 048Harvested area (million acres) 237 292 -- 054Yield (pounds per acre) 7507 7692 -- 185

------------ Million cwt ------------Beginning stocks 460 294 -- -167Production 1782 2242 -- 460Imports 269 290 05 21Total supply 2512 2826 05 314

Domestic use 1348 1350 -- 02Exports 870 980 -20 110Total use 2218 2330 -20 112

Ending stocks 294 496 25 202----------------- Percent -----------------

Stocks to use ratio 132 213 12 80

Average market price 1290 11701270 010 -070-- No change

------------ Dollars per cwt ------------

World Corn Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 10762 11012 16 249United States 3711 3663 -- -48

Foreign 7051 7349 16 297Argentina 320 460 -- 140Brazil 820 945 -- 125Mexico 275 256 -- -19Canada 141 139 -- -02European Union 621 609 02 -12Serbia 40 70 -- 30FSU-12 422 521 03 99Ukraine 241 355 -- 114Russia 132 114 02 -18

South Africa 131 110 -05 -21China 2591 2573 -- -17India 287 278 18 -09

-- No change

---------------- Million Tons ----------------

Brazil Corn (Second Crop)

Major

Corn ProductionAverage (2011-13)

IntensityProductionMinor

Source IBGEAgricultural Weather AssessmentsWorld Agricultural Outlook Board

Rio Grandedo Sul

SantaCatarina

Mato GrossoBahia

Mato Grossodo Sul

Parana

SaoPaulo

MinasGerais

Goias

Tocantins

Maranhao

Piaui

a ndash Cearab ndash Rio Grande do Nortec ndash Paraibad ndash Pernambucoe ndash Alagoasf ndash Sergipeh ndash Espirito Santoi ndash Rio de Janeiro

abc

de

f

h

i

Para

Amazonas

Rondonia

Roraima

Amapa

Acre

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2nd Corn crop calendar for most of Center-South Brazil

Plant

Harvest

Source IBGE Brazil

State-Level Production(as of total)

Mato GrossoParanaMato Grosso do SulGoiasSao PauloMinas GeraisSergipeBahiaMaranhaoRondoniaOther States

39251512

311111

~1

2011 to 2013 Average

March 8 2019

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

Mato Grosso corn is the record earliest planted 96 of 2nd-crop corn has been planted

Rapid soybean harvest allowed for early planting of corn in Mato Grosso

Mato Grosso CornPercent Planted

Source Safras e MercadoPeriod Ending (Approximate Date)

Source IMEA Source IMEA

Perc

ent

Perc

ent

Period Ending (Approximate Date)

Mato Grosso SoybeansPercent Harvested

March 8 2019

Brazil Normal Daily Rainfall (mm)

0123456789

Jul

-01

Jul

-23

Aug

-14

Sep

-05

Sep

-27

Oct

-19

Nov

-10

Dec

-02

Dec

-24

Jan

-15

Feb

-06

Feb

-28

Mar

-22

Apr

-13

May

-05

May

-27

Jun

-18

Parana MT

Early March

Mato Grosso

Parana

Agricultural Weather AssessmentsWorld Agricultural Outlook Board March 8 2019

Chart4

Parana
MT
Brazil Normal Daily Rainfall (mm)
34
05
33
05
33
05
32
05
31
06
3
05
3
05
29
05
28
05
28
05
27
05
27
05
26
05
25
05
25
05
24
05
24
05
24
05
23
05
23
05
23
05
23
05
23
05
22
05
22
05
22
05
22
05
22
05
22
05
22
05
23
05
23
05
23
05
23
05
23
06
23
06
24
05
24
05
24
05
24
06
25
06
25
06
25
06
25
06
26
07
26
07
27
08
27
08
27
08
28
08
28
09
28
09
29
09
29
1
29
1
3
11
3
11
3
12
31
12
31
13
32
13
32
13
33
14
33
14
34
15
34
16
35
16
36
17
37
17
37
18
38
18
39
19
39
2
4
2
41
21
42
22
43
22
44
22
45
23
46
24
47
24
48
25
48
26
49
26
5
27
51
28
52
28
53
29
53
29
54
3
55
31
56
31
56
32
57
33
57
33
58
34
58
35
58
36
59
36
59
37
59
38
59
38
59
39
59
4
59
41
59
41
58
42
58
43
58
44
57
45
57
45
56
46
56
47
55
48
55
48
54
49
53
5
52
51
52
52
51
52
5
53
49
54
49
55
48
55
47
56
47
57
46
58
46
59
45
59
45
6
44
61
44
61
44
62
44
62
43
63
43
64
43
64
43
65
43
65
44
66
44
66
44
66
45
67
45
68
46
68
46
68
47
68
48
69
48
69
49
69
5
69
51
7
52
7
52
7
53
7
54
7
55
7
56
7
56
7
57
71
57
71
58
7
59
7
6
71
6
71
6
7
61
71
61
71
61
71
62
71
62
71
62
71
62
71
62
71
62
71
61
71
61
71
61
72
61
72
6
72
6
72
6
72
6
72
59
73
59
72
58
73
58
73
58
73
57
74
57
74
56
74
56
75
56
75
55
75
55
75
55
76
55
76
54
76
54
76
54
77
54
77
54
77
54
78
54
78
55
78
55
79
55
79
55
79
55
8
55
8
56
8
56
8
57
81
57
81
57
82
58
82
58
82
59
82
59
82
59
82
6
83
6
83
6
83
6
83
61
83
6
83
6
83
6
83
6
83
6
83
6
83
6
83
59
82
59
82
58
82
58
82
57
82
56
82
55
81
55
81
54
8
53
8
52
79
51
79
5
78
49
78
49
77
48
77
47
76
46
76
45
75
45
75
44
74
43
73
42
73
42
72
41
71
41
7
4
7
4
68
4
68
39
67
39
66
39
65
39
64
38
63
39
62
39
61
39
61
39
6
39
58
39
58
4
57
4
56
4
55
4
54
41
53
41
52
42
51
42
5
42
49
43
48
43
47
44
46
44
45
44
44
45
43
45
42
46
41
46
4
46
39
46
38
46
37
47
36
47
35
47
35
47
34
47
33
47
32
47
31
47
31
47
3
47
29
47
28
46
27
46
27
46
26
46
25
46
24
45
24
45
23
45
22
45
22
45
21
44
2
44
2
44
19
44
19
44
18
44
17
44
17
43
16
44
15
44
15
44
14
44
14
44
14
44
13
44
12
44
12
44
11
44
11
44
11
44
11
44
1
44
1
45
09
44
09
44
09
45
08
45
08
45
08
45
07
45
07
44
07
44
07
44
07
44
07
44
07
44
06
43
06
43
06
42
06
42
06
41
06
41
06
4
06
4
05
39
05
38
06
38
06
37
06
36
05
36
05
35
06

Rainfall normals

Rainfall normals

Parana
MT
Brazil Normal Daily Rainfall (mm)

Sheet2

Sheet3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Cumulative Daily
Parana MT RGDS Parana MT
Jul-01 2764 0 7088 34 05
Jul-02 5128 0 12232 33 05
Jul-03 86 0952 18532 33 05
Jul-04 11196 2116 21512 32 05
Jul-05 12908 214 25204 31 06
Jul-06 15308 246 31972 3 05
Jul-07 19736 246 38674 3 05
Jul-08 23852 2464 4448 29 05
Jul-09 29252 3412 5054 28 05
Jul-10 32968 3748 55088 28 05
Jul-11 352 384 60272 27 05
Jul-12 37316 392 61724 27 05
Jul-13 38576 3932 62328 26 05
Jul-14 38684 396 63566 25 05
Jul-15 39676 3976 66248 25 05
Jul-16 44864 3976 72016 24 05
Jul-17 4847 3976 76014 24 05
Jul-18 5265 4128 80946 24 05
Jul-19 56222 4228 86874 23 05
Jul-20 58754 456 92074 23 05
Jul-21 62098 4616 95112 23 05
Jul-22 63482 47 98508 23 05
Jul-23 66322 6736 10102 23 05
Jul-24 66826 6868 102116 22 05
Jul-25 68194 7008 104668 22 05
Jul-26 69974 7432 10911 22 05
Jul-27 72834 7488 113962 22 05
Jul-28 75074 7568 118294 22 05
Jul-29 76562 7608 124178 22 05
Jul-30 78202 7628 129238 22 05
Jul-31 80654 8448 135082 23 05
Aug-01 84138 9236 140582 23 05
Aug-02 86938 9384 144806 23 05
Aug-03 88686 9452 150098 23 05
Aug-04 90358 996 155774 23 06
Aug-05 92794 11416 158934 23 06
Aug-06 9575 12692 162478 24 05
Aug-07 98422 127 167014 24 05
Aug-08 100086 12704 170066 24 05
Aug-09 102978 12704 177274 24 06
Aug-10 105066 1304 180992 25 06
Aug-11 106538 1312 18366 25 06
Aug-12 108098 13508 185076 25 06
Aug-13 108986 13644 186364 25 06
Aug-14 111482 13908 18984 26 07
Aug-15 11377 15204 195176 26 07
Aug-16 117674 1592 201236 27 08
Aug-17 11985 1596 20416 27 08
Aug-18 123498 16052 208836 27 08
Aug-19 12841 1614 211548 28 08
Aug-20 13183 16564 21698 28 09
Aug-21 135826 17052 221748 28 09
Aug-22 138234 17196 223168 29 09
Aug-23 139438 18948 225216 29 1
Aug-24 14061 19588 228608 29 1
Aug-25 143082 21084 231288 3 11
Aug-26 144454 22012 235172 3 11
Aug-27 149278 22012 238864 3 12
Aug-28 15179 22856 24076 31 12
Aug-29 153774 24556 243712 31 13
Aug-30 154746 25356 246228 32 13
Aug-31 158766 26432 251112 32 13
Sep-01 161398 28168 255196 33 14
Sep-02 16531 30132 257996 33 14
Sep-03 167078 30308 259736 34 15
Sep-04 17003 30388 263592 34 16
Sep-05 173546 30768 26666 35 16
Sep-06 175398 3148 268684 36 17
Sep-07 181814 3268 272 37 17
Sep-08 187614 36846 277494 37 18
Sep-09 191406 38834 281182 38 18
Sep-10 192502 4009 284174 39 19
Sep-11 193486 41462 292254 39 2
Sep-12 199146 42282 302174 4 2
Sep-13 205058 44022 308424 41 21
Sep-14 211134 45642 31666 42 22
Sep-15 218042 4695 325528 43 22
Sep-16 221954 49078 330032 44 22
Sep-17 224018 49926 332248 45 23
Sep-18 228086 50494 340216 46 24
Sep-19 232194 53954 34878 47 24
Sep-20 23891 54818 355518 48 25
Sep-21 240914 56926 361376 48 26
Sep-22 244254 58866 365848 49 26
Sep-23 248926 60538 37564 5 27
Sep-24 256398 6307 389776 51 28
Sep-25 26425 65454 395308 52 28
Sep-26 268946 69902 40004 53 29
Sep-27 27237 70662 4038 53 29
Sep-28 277442 72082 407884 54 3
Sep-29 284522 76594 413128 55 31
Sep-30 290042 81582 418636 56 31
Oct-01 299106 84374 427364 56 32
Oct-02 305186 8773 431952 57 33
Oct-03 308186 89546 436956 57 33
Oct-04 31191 94862 442232 58 34
Oct-05 315982 9665 452052 58 35
Oct-06 322018 100354 4593 58 36
Oct-07 32445 103338 461674 59 36
Oct-08 330414 10633 46959 59 37
Oct-09 33641 10839 478896 59 38
Oct-10 342482 112878 4864 59 38
Oct-11 349454 115038 49178 59 39
Oct-12 35571 11893 498376 59 4
Oct-13 362234 123062 50792 59 41
Oct-14 367638 126802 513484 59 41
Oct-15 369866 129274 519524 58 42
Oct-16 375386 13339 528236 58 43
Oct-17 383966 13761 539512 58 44
Oct-18 388114 141006 54398 57 45
Oct-19 39491 146666 547548 57 45
Oct-20 401666 150358 554624 56 46
Oct-21 406878 153806 560316 56 47
Oct-22 411594 157198 563256 55 48
Oct-23 414694 163434 566624 55 48
Oct-24 41811 168974 571808 54 49
Oct-25 424658 173138 577804 53 5
Oct-26 433038 178442 585308 52 51
Oct-27 442146 18707 5891 52 52
Oct-28 444998 192174 592184 51 52
Oct-29 447778 195098 59562 5 53
Oct-30 449114 202238 599922 49 54
Oct-31 453102 207962 606102 49 55
Nov-01 460738 21235 611414 48 55
Nov-02 46535 217874 616194 47 56
Nov-03 471222 224532 620408 47 57
Nov-04 47721 229184 626328 46 58
Nov-05 481826 236736 63376 46 59
Nov-06 490546 240048 643056 45 59
Nov-07 493758 244132 645724 45 6
Nov-08 49723 248816 650184 44 61
Nov-09 500526 255364 654412 44 61
Nov-10 505182 26546 65976 44 62
Nov-11 509178 271336 664348 44 62
Nov-12 513334 276676 66896 43 63
Nov-13 519854 282156 675124 43 64
Nov-14 52521 28843 678284 43 64
Nov-15 53069 292758 680652 43 65
Nov-16 533158 304166 684364 43 65
Nov-17 537386 30969 68864 44 66
Nov-18 54063 31615 693612 44 66
Nov-19 54451 320838 697756 44 66
Nov-20 548162 331762 699288 45 67
Nov-21 552446 337868 702032 45 68
Nov-22 556582 343624 703216 46 68
Nov-23 558166 35038 706056 46 68
Nov-24 561802 35358 710 47 68
Nov-25 568802 360124 716752 48 69
Nov-26 574546 364332 720672 48 69
Nov-27 57893 36952 724824 49 69
Nov-28 582814 377852 729172 5 69
Nov-29 58561 388264 730416 51 7
Nov-30 588422 396364 732412 52 7
Dec-01 591438 407728 735704 52 7
Dec-02 594274 414648 738192 53 7
Dec-03 597002 42232 740312 54 7
Dec-04 601042 427388 743156 55 7
Dec-05 605394 43246 750432 56 7
Dec-06 610078 438292 75839 56 7
Dec-07 617094 447072 763426 57 71
Dec-08 621458 45366 766248 57 71
Dec-09 623962 460588 7684 58 7
Dec-10 63095 46921 771594 59 7
Dec-11 635566 481482 775878 6 71
Dec-12 642502 48885 78275 6 71
Dec-13 649742 499602 78785 6 7
Dec-14 65815 509698 791862 61 71
Dec-15 662126 515178 797586 61 71
Dec-16 667966 522814 80215 61 71
Dec-17 673974 529578 810014 62 71
Dec-18 676898 537354 81391 62 71
Dec-19 680222 544574 815174 62 71
Dec-20 684598 55039 82225 62 71
Dec-21 689722 556622 82803 62 71
Dec-22 697602 560194 832886 62 71
Dec-23 70129 567118 838426 61 71
Dec-24 70669 573266 846136 61 71
Dec-25 708366 58053 848 61 72
Dec-26 710446 588766 852876 61 72
Dec-27 713818 595826 855604 6 72
Dec-28 71879 60375 860756 6 72
Dec-29 727414 610454 864652 6 72
Dec-30 733598 617218 871628 6 72
Dec-31 739248 626332 875934 59 73
Jan-01 743224 635558 87995 59 72
Jan-02 745184 64569 882542 58 73
Jan-03 749496 653898 885678 58 73
Jan-04 753786 664308 88883 58 73
Jan-05 758918 673588 893222 57 74
Jan-06 762998 685356 896982 57 74
Jan-07 766544 6916 901356 56 74
Jan-08 768952 700506 907956 56 75
Jan-09 77438 710522 913684 56 75
Jan-10 781904 718902 919052 55 75
Jan-11 788208 726078 925492 55 75
Jan-12 79456 735638 929744 55 76
Jan-13 800452 74447 93248 55 76
Jan-14 804716 753262 939044 54 76
Jan-15 810692 764854 947368 54 76
Jan-16 815796 773346 95577 54 77
Jan-17 82062 781266 96295 54 77
Jan-18 82456 788226 966778 54 77
Jan-19 829312 79381 969044 54 78
Jan-20 83652 800718 976852 54 78
Jan-21 840784 809782 980462 55 78
Jan-22 84686 815818 984158 55 79
Jan-23 852196 824174 988466 55 79
Jan-24 85726 831706 99199 55 79
Jan-25 866372 83847 100142 55 8
Jan-26 872064 846934 100761 55 8
Jan-27 878372 85433 101541 56 8
Jan-28 883588 85997 101846 56 8
Jan-29 889244 867398 102653 57 81
Jan-30 896468 876534 103566 57 81
Jan-31 90484 883646 10443 57 82
Feb-01 915208 891514 105294 58 82
Feb-02 921476 90037 106103 58 82
Feb-03 927964 909646 106442 59 82
Feb-04 93286 918026 107032 59 82
Feb-05 937408 928946 107763 59 82
Feb-06 94201 937412 108254 6 83
Feb-07 947086 952884 108552 6 83
Feb-08 952246 96228 109098 6 83
Feb-09 955886 968904 109558 6 83
Feb-10 96133 9754 110469 61 83
Feb-11 96697 981996 110991 6 83
Feb-12 969426 992592 111242 6 83
Feb-13 97417 999652 111567 6 83
Feb-14 980506 100768 112062 6 83
Feb-15 985954 101555 112725 6 83
Feb-16 99267 102422 1134 6 83
Feb-17 997258 103353 113994 6 83
Feb-18 100341 104026 114302 59 82
Feb-19 100826 104853 11448 59 82
Feb-20 10135 105757 115195 58 82
Feb-21 101997 106745 115619 58 82
Feb-22 102626 107418 115978 57 82
Feb-23 103088 108182 116461 56 82
Feb-24 103827 108792 117726 55 81
Feb-25 104473 10951 118573 55 81
Feb-26 104847 110097 119134 54 8
Feb-27 105214 110854 119655 53 8
Feb-28 105754 111584 119994 52 79
Mar-01 106131 112306 12051 51 79
Mar-02 106455 11297 12082 5 78
Mar-03 106966 113829 121208 49 78
Mar-04 107273 114705 121571 49 77
Mar-05 107551 115385 122014 48 77
Mar-06 107835 116451 122605 47 76
Mar-07 108221 117131 123162 46 76
Mar-08 108449 117625 123525 45 75
Mar-09 108706 118251 123844 45 75
Mar-10 109109 118828 124456 44 74
Mar-11 109385 119645 124956 43 73
Mar-12 109721 120487 125389 42 73
Mar-13 110119 121134 125913 42 72
Mar-14 110432 122035 126473 41 71
Mar-15 11068 122842 126772 41 7
Mar-16 110909 123543 127254 4 7
Mar-17 111538 124458 127636 4 68
Mar-18 112072 125557 128608 4 68
Mar-19 112325 126969 128885 39 67
Mar-20 112907 127667 129129 39 66
Mar-21 113171 128444 12943 39 65
Mar-22 113633 129037 129641 39 64
Mar-23 113946 129689 130187 38 63
Mar-24 114494 130371 130687 39 62
Mar-25 114798 13106 13116 39 61
Mar-26 115109 131501 131718 39 61
Mar-27 1155 132129 132139 39 6
Mar-28 115791 132728 132677 39 58
Mar-29 116153 133382 133207 39 58
Mar-30 116608 134038 133786 4 57
Mar-31 116879 134388 134263 4 56
Apr-01 117448 13481 135173 4 55
Apr-02 117731 135548 135867 4 54
Apr-03 117943 136158 136402 41 53
Apr-04 118451 136585 137352 41 52
Apr-05 118751 136883 137983 42 51
Apr-06 118931 137352 138669 42 5
Apr-07 119668 137681 139307 42 49
Apr-08 120095 137925 139919 43 48
Apr-09 120417 138207 140221 43 47
Apr-10 120927 138485 140749 44 46
Apr-11 121133 138983 141135 44 45
Apr-12 121383 139608 141819 44 44
Apr-13 122001 14036 142518 45 43
Apr-14 122484 140746 143004 45 42
Apr-15 123102 14132 143888 46 41
Apr-16 123593 141693 144598 46 4
Apr-17 124211 142326 14511 46 39
Apr-18 124985 142663 145816 46 38
Apr-19 125699 143123 146355 46 37
Apr-20 126363 143359 146813 47 36
Apr-21 126625 143631 14718 47 35
Apr-22 126848 143999 147422 47 35
Apr-23 127155 144221 14801 47 34
Apr-24 127786 144374 148823 47 33
Apr-25 128226 144671 149713 47 32
Apr-26 128702 144918 150257 47 31
Apr-27 128934 145129 150715 47 31
Apr-28 12922 145279 151235 47 3
Apr-29 129737 145416 151968 47 29
Apr-30 130073 145645 152481 47 28
May-01 130327 145749 152759 46 27
May-02 130623 145967 153177 46 27
May-03 131046 146091 153532 46 26
May-04 131572 14629 154097 46 25
May-05 131847 146391 154588 46 24
May-06 132538 146643 154808 45 24
May-07 132866 146852 155413 45 23
May-08 13334 146912 15599 45 22
May-09 133673 147045 156414 45 22
May-10 134007 147091 15677 45 21
May-11 134298 147144 157185 44 2
May-12 13464 147175 157683 44 2
May-13 135307 147252 158313 44 19
May-14 135985 147549 158803 44 19
May-15 13632 147685 15911 44 18
May-16 136885 147977 159807 44 17
May-17 137428 148068 160351 44 17
May-18 138029 148179 160972 43 16
May-19 138529 148214 161583 44 15
May-20 139212 148227 162319 44 15
May-21 140112 148465 163037 44 14
May-22 140769 148569 163618 44 14
May-23 141341 148687 164089 44 14
May-24 141704 148804 164369 44 13
May-25 142195 148864 164796 44 12
May-26 142465 148911 165278 44 12
May-27 142872 149025 166129 44 11
May-28 143259 149056 16711 44 11
May-29 143676 149113 167891 44 11
May-30 1442 149161 168626 44 11
May-31 144545 149393 169258 44 1
Jun-01 144785 149493 169409 44 1
Jun-02 144969 149569 169717 45 09
Jun-03 145211 149575 170452 44 09
Jun-04 145532 149647 170986 44 09
Jun-05 146458 14967 171959 45 08
Jun-06 147033 149791 172742 45 08
Jun-07 147535 149896 173169 45 08
Jun-08 147838 149911 173672 45 07
Jun-09 148111 149915 174203 45 07
Jun-10 148302 149975 174903 44 07
Jun-11 148548 149975 175279 44 07
Jun-12 148795 149975 175763 44 07
Jun-13 149169 149975 176279 44 07
Jun-14 149886 149981 176859 44 07
Jun-15 150168 150142 17703 44 06
Jun-16 150462 150186 177623 43 06
Jun-17 150731 15021 178343 43 06
Jun-18 151447 150243 178887 42 06
Jun-19 152109 150247 179668 42 06
Jun-20 152758 150287 179981 41 06
Jun-21 153139 150315 180324 41 06
Jun-22 153321 150421 180658 4 06
Jun-23 153536 150428 181094 4 05
Jun-24 154122 150543 181596 39 05
Jun-25 154487 15062 181875 38 06
Jun-26 154764 150696 182241 38 06
Jun-27 15517 150702 182588 37 06
Jun-28 155453 15071 182874 36 05
Jun-29 155786 150817 183159 36 05
Jun-30 15612 150901 183853 35 06
Jul-01 Jul-01
Jul-02 Jul-02
Jul-03 Jul-03
Jul-04 Jul-04
Jul-05 Jul-05
Jul-06 Jul-06
Jul-07 Jul-07
Jul-08 Jul-08
Jul-09 Jul-09
Jul-10 Jul-10
Jul-11 Jul-11
Jul-12 Jul-12
Jul-13 Jul-13
Jul-14 Jul-14
Jul-15 Jul-15
Jul-16 Jul-16
Jul-17 Jul-17
Jul-18 Jul-18
Jul-19 Jul-19
Jul-20 Jul-20
Jul-21 Jul-21
Jul-22 Jul-22
Jul-23 Jul-23
Jul-24 Jul-24
Jul-25 Jul-25
Jul-26 Jul-26
Jul-27 Jul-27
Jul-28 Jul-28
Jul-29 Jul-29
Jul-30 Jul-30
Jul-31 Jul-31
Aug-01 Aug-01
Aug-02 Aug-02
Aug-03 Aug-03
Aug-04 Aug-04
Aug-05 Aug-05
Aug-06 Aug-06
Aug-07 Aug-07
Aug-08 Aug-08
Aug-09 Aug-09
Aug-10 Aug-10
Aug-11 Aug-11
Aug-12 Aug-12
Aug-13 Aug-13
Aug-14 Aug-14
Aug-15 Aug-15
Aug-16 Aug-16
Aug-17 Aug-17
Aug-18 Aug-18
Aug-19 Aug-19
Aug-20 Aug-20
Aug-21 Aug-21
Aug-22 Aug-22
Aug-23 Aug-23
Aug-24 Aug-24
Aug-25 Aug-25
Aug-26 Aug-26
Aug-27 Aug-27
Aug-28 Aug-28
Aug-29 Aug-29
Aug-30 Aug-30
Aug-31 Aug-31
Sep-01 Sep-01
Sep-02 Sep-02
Sep-03 Sep-03
Sep-04 Sep-04
Sep-05 Sep-05
Sep-06 Sep-06
Sep-07 Sep-07
Sep-08 Sep-08
Sep-09 Sep-09
Sep-10 Sep-10
Sep-11 Sep-11
Sep-12 Sep-12
Sep-13 Sep-13
Sep-14 Sep-14
Sep-15 Sep-15
Sep-16 Sep-16
Sep-17 Sep-17
Sep-18 Sep-18
Sep-19 Sep-19
Sep-20 Sep-20
Sep-21 Sep-21
Sep-22 Sep-22
Sep-23 Sep-23
Sep-24 Sep-24
Sep-25 Sep-25
Sep-26 Sep-26
Sep-27 Sep-27
Sep-28 Sep-28
Sep-29 Sep-29
Sep-30 Sep-30
Oct-01 Oct-01
Oct-02 Oct-02
Oct-03 Oct-03
Oct-04 Oct-04
Oct-05 Oct-05
Oct-06 Oct-06
Oct-07 Oct-07
Oct-08 Oct-08
Oct-09 Oct-09
Oct-10 Oct-10
Oct-11 Oct-11
Oct-12 Oct-12
Oct-13 Oct-13
Oct-14 Oct-14
Oct-15 Oct-15
Oct-16 Oct-16
Oct-17 Oct-17
Oct-18 Oct-18
Oct-19 Oct-19
Oct-20 Oct-20
Oct-21 Oct-21
Oct-22 Oct-22
Oct-23 Oct-23
Oct-24 Oct-24
Oct-25 Oct-25
Oct-26 Oct-26
Oct-27 Oct-27
Oct-28 Oct-28
Oct-29 Oct-29
Oct-30 Oct-30
Oct-31 Oct-31
Nov-01 Nov-01
Nov-02 Nov-02
Nov-03 Nov-03
Nov-04 Nov-04
Nov-05 Nov-05
Nov-06 Nov-06
Nov-07 Nov-07
Nov-08 Nov-08
Nov-09 Nov-09
Nov-10 Nov-10
Nov-11 Nov-11
Nov-12 Nov-12
Nov-13 Nov-13
Nov-14 Nov-14
Nov-15 Nov-15
Nov-16 Nov-16
Nov-17 Nov-17
Nov-18 Nov-18
Nov-19 Nov-19
Nov-20 Nov-20
Nov-21 Nov-21
Nov-22 Nov-22
Nov-23 Nov-23
Nov-24 Nov-24
Nov-25 Nov-25
Nov-26 Nov-26
Nov-27 Nov-27
Nov-28 Nov-28
Nov-29 Nov-29
Nov-30 Nov-30
Dec-01 Dec-01
Dec-02 Dec-02
Dec-03 Dec-03
Dec-04 Dec-04
Dec-05 Dec-05
Dec-06 Dec-06
Dec-07 Dec-07
Dec-08 Dec-08
Dec-09 Dec-09
Dec-10 Dec-10
Dec-11 Dec-11
Dec-12 Dec-12
Dec-13 Dec-13
Dec-14 Dec-14
Dec-15 Dec-15
Dec-16 Dec-16
Dec-17 Dec-17
Dec-18 Dec-18
Dec-19 Dec-19
Dec-20 Dec-20
Dec-21 Dec-21
Dec-22 Dec-22
Dec-23 Dec-23
Dec-24 Dec-24
Dec-25 Dec-25
Dec-26 Dec-26
Dec-27 Dec-27
Dec-28 Dec-28
Dec-29 Dec-29
Dec-30 Dec-30
Dec-31 Dec-31
Jan-01 Jan-01
Jan-02 Jan-02
Jan-03 Jan-03
Jan-04 Jan-04
Jan-05 Jan-05
Jan-06 Jan-06
Jan-07 Jan-07
Jan-08 Jan-08
Jan-09 Jan-09
Jan-10 Jan-10
Jan-11 Jan-11
Jan-12 Jan-12
Jan-13 Jan-13
Jan-14 Jan-14
Jan-15 Jan-15
Jan-16 Jan-16
Jan-17 Jan-17
Jan-18 Jan-18
Jan-19 Jan-19
Jan-20 Jan-20
Jan-21 Jan-21
Jan-22 Jan-22
Jan-23 Jan-23
Jan-24 Jan-24
Jan-25 Jan-25
Jan-26 Jan-26
Jan-27 Jan-27
Jan-28 Jan-28
Jan-29 Jan-29
Jan-30 Jan-30
Jan-31 Jan-31
Feb-01 Feb-01
Feb-02 Feb-02
Feb-03 Feb-03
Feb-04 Feb-04
Feb-05 Feb-05
Feb-06 Feb-06
Feb-07 Feb-07
Feb-08 Feb-08
Feb-09 Feb-09
Feb-10 Feb-10
Feb-11 Feb-11
Feb-12 Feb-12
Feb-13 Feb-13
Feb-14 Feb-14
Feb-15 Feb-15
Feb-16 Feb-16
Feb-17 Feb-17
Feb-18 Feb-18
Feb-19 Feb-19
Feb-20 Feb-20
Feb-21 Feb-21
Feb-22 Feb-22
Feb-23 Feb-23
Feb-24 Feb-24
Feb-25 Feb-25
Feb-26 Feb-26
Feb-27 Feb-27
Feb-28 Feb-28
Mar-01 Mar-01
Mar-02 Mar-02
Mar-03 Mar-03
Mar-04 Mar-04
Mar-05 Mar-05
Mar-06 Mar-06
Mar-07 Mar-07
Mar-08 Mar-08
Mar-09 Mar-09
Mar-10 Mar-10
Mar-11 Mar-11
Mar-12 Mar-12
Mar-13 Mar-13
Mar-14 Mar-14
Mar-15 Mar-15
Mar-16 Mar-16
Mar-17 Mar-17
Mar-18 Mar-18
Mar-19 Mar-19
Mar-20 Mar-20
Mar-21 Mar-21
Mar-22 Mar-22
Mar-23 Mar-23
Mar-24 Mar-24
Mar-25 Mar-25
Mar-26 Mar-26
Mar-27 Mar-27
Mar-28 Mar-28
Mar-29 Mar-29
Mar-30 Mar-30
Mar-31 Mar-31
Apr-01 Apr-01
Apr-02 Apr-02
Apr-03 Apr-03
Apr-04 Apr-04
Apr-05 Apr-05
Apr-06 Apr-06
Apr-07 Apr-07
Apr-08 Apr-08
Apr-09 Apr-09
Apr-10 Apr-10
Apr-11 Apr-11
Apr-12 Apr-12
Apr-13 Apr-13
Apr-14 Apr-14
Apr-15 Apr-15
Apr-16 Apr-16
Apr-17 Apr-17
Apr-18 Apr-18
Apr-19 Apr-19
Apr-20 Apr-20
Apr-21 Apr-21
Apr-22 Apr-22
Apr-23 Apr-23
Apr-24 Apr-24
Apr-25 Apr-25
Apr-26 Apr-26
Apr-27 Apr-27
Apr-28 Apr-28
Apr-29 Apr-29
Apr-30 Apr-30
May-01 May-01
May-02 May-02
May-03 May-03
May-04 May-04
May-05 May-05
May-06 May-06
May-07 May-07
May-08 May-08
May-09 May-09
May-10 May-10
May-11 May-11
May-12 May-12
May-13 May-13
May-14 May-14
May-15 May-15
May-16 May-16
May-17 May-17
May-18 May-18
May-19 May-19
May-20 May-20
May-21 May-21
May-22 May-22
May-23 May-23
May-24 May-24
May-25 May-25
May-26 May-26
May-27 May-27
May-28 May-28
May-29 May-29
May-30 May-30
May-31 May-31
Jun-01 Jun-01
Jun-02 Jun-02
Jun-03 Jun-03
Jun-04 Jun-04
Jun-05 Jun-05
Jun-06 Jun-06
Jun-07 Jun-07
Jun-08 Jun-08
Jun-09 Jun-09
Jun-10 Jun-10
Jun-11 Jun-11
Jun-12 Jun-12
Jun-13 Jun-13
Jun-14 Jun-14
Jun-15 Jun-15
Jun-16 Jun-16
Jun-17 Jun-17
Jun-18 Jun-18
Jun-19 Jun-19
Jun-20 Jun-20
Jun-21 Jun-21
Jun-22 Jun-22
Jun-23 Jun-23
Jun-24 Jun-24
Jun-25 Jun-25
Jun-26 Jun-26
Jun-27 Jun-27
Jun-28 Jun-28
Jun-29 Jun-29
Jun-30 Jun-30
Page 12: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

World Corn Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 10762 11012 16 249United States 3711 3663 -- -48

Foreign 7051 7349 16 297Argentina 320 460 -- 140Brazil 820 945 -- 125Mexico 275 256 -- -19Canada 141 139 -- -02European Union 621 609 02 -12Serbia 40 70 -- 30FSU-12 422 521 03 99Ukraine 241 355 -- 114Russia 132 114 02 -18

South Africa 131 110 -05 -21China 2591 2573 -- -17India 287 278 18 -09

-- No change

---------------- Million Tons ----------------

Brazil Corn (Second Crop)

Major

Corn ProductionAverage (2011-13)

IntensityProductionMinor

Source IBGEAgricultural Weather AssessmentsWorld Agricultural Outlook Board

Rio Grandedo Sul

SantaCatarina

Mato GrossoBahia

Mato Grossodo Sul

Parana

SaoPaulo

MinasGerais

Goias

Tocantins

Maranhao

Piaui

a ndash Cearab ndash Rio Grande do Nortec ndash Paraibad ndash Pernambucoe ndash Alagoasf ndash Sergipeh ndash Espirito Santoi ndash Rio de Janeiro

abc

de

f

h

i

Para

Amazonas

Rondonia

Roraima

Amapa

Acre

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2nd Corn crop calendar for most of Center-South Brazil

Plant

Harvest

Source IBGE Brazil

State-Level Production(as of total)

Mato GrossoParanaMato Grosso do SulGoiasSao PauloMinas GeraisSergipeBahiaMaranhaoRondoniaOther States

39251512

311111

~1

2011 to 2013 Average

March 8 2019

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

Mato Grosso corn is the record earliest planted 96 of 2nd-crop corn has been planted

Rapid soybean harvest allowed for early planting of corn in Mato Grosso

Mato Grosso CornPercent Planted

Source Safras e MercadoPeriod Ending (Approximate Date)

Source IMEA Source IMEA

Perc

ent

Perc

ent

Period Ending (Approximate Date)

Mato Grosso SoybeansPercent Harvested

March 8 2019

Brazil Normal Daily Rainfall (mm)

0123456789

Jul

-01

Jul

-23

Aug

-14

Sep

-05

Sep

-27

Oct

-19

Nov

-10

Dec

-02

Dec

-24

Jan

-15

Feb

-06

Feb

-28

Mar

-22

Apr

-13

May

-05

May

-27

Jun

-18

Parana MT

Early March

Mato Grosso

Parana

Agricultural Weather AssessmentsWorld Agricultural Outlook Board March 8 2019

Chart4

Parana
MT
Brazil Normal Daily Rainfall (mm)
34
05
33
05
33
05
32
05
31
06
3
05
3
05
29
05
28
05
28
05
27
05
27
05
26
05
25
05
25
05
24
05
24
05
24
05
23
05
23
05
23
05
23
05
23
05
22
05
22
05
22
05
22
05
22
05
22
05
22
05
23
05
23
05
23
05
23
05
23
06
23
06
24
05
24
05
24
05
24
06
25
06
25
06
25
06
25
06
26
07
26
07
27
08
27
08
27
08
28
08
28
09
28
09
29
09
29
1
29
1
3
11
3
11
3
12
31
12
31
13
32
13
32
13
33
14
33
14
34
15
34
16
35
16
36
17
37
17
37
18
38
18
39
19
39
2
4
2
41
21
42
22
43
22
44
22
45
23
46
24
47
24
48
25
48
26
49
26
5
27
51
28
52
28
53
29
53
29
54
3
55
31
56
31
56
32
57
33
57
33
58
34
58
35
58
36
59
36
59
37
59
38
59
38
59
39
59
4
59
41
59
41
58
42
58
43
58
44
57
45
57
45
56
46
56
47
55
48
55
48
54
49
53
5
52
51
52
52
51
52
5
53
49
54
49
55
48
55
47
56
47
57
46
58
46
59
45
59
45
6
44
61
44
61
44
62
44
62
43
63
43
64
43
64
43
65
43
65
44
66
44
66
44
66
45
67
45
68
46
68
46
68
47
68
48
69
48
69
49
69
5
69
51
7
52
7
52
7
53
7
54
7
55
7
56
7
56
7
57
71
57
71
58
7
59
7
6
71
6
71
6
7
61
71
61
71
61
71
62
71
62
71
62
71
62
71
62
71
62
71
61
71
61
71
61
72
61
72
6
72
6
72
6
72
6
72
59
73
59
72
58
73
58
73
58
73
57
74
57
74
56
74
56
75
56
75
55
75
55
75
55
76
55
76
54
76
54
76
54
77
54
77
54
77
54
78
54
78
55
78
55
79
55
79
55
79
55
8
55
8
56
8
56
8
57
81
57
81
57
82
58
82
58
82
59
82
59
82
59
82
6
83
6
83
6
83
6
83
61
83
6
83
6
83
6
83
6
83
6
83
6
83
6
83
59
82
59
82
58
82
58
82
57
82
56
82
55
81
55
81
54
8
53
8
52
79
51
79
5
78
49
78
49
77
48
77
47
76
46
76
45
75
45
75
44
74
43
73
42
73
42
72
41
71
41
7
4
7
4
68
4
68
39
67
39
66
39
65
39
64
38
63
39
62
39
61
39
61
39
6
39
58
39
58
4
57
4
56
4
55
4
54
41
53
41
52
42
51
42
5
42
49
43
48
43
47
44
46
44
45
44
44
45
43
45
42
46
41
46
4
46
39
46
38
46
37
47
36
47
35
47
35
47
34
47
33
47
32
47
31
47
31
47
3
47
29
47
28
46
27
46
27
46
26
46
25
46
24
45
24
45
23
45
22
45
22
45
21
44
2
44
2
44
19
44
19
44
18
44
17
44
17
43
16
44
15
44
15
44
14
44
14
44
14
44
13
44
12
44
12
44
11
44
11
44
11
44
11
44
1
44
1
45
09
44
09
44
09
45
08
45
08
45
08
45
07
45
07
44
07
44
07
44
07
44
07
44
07
44
06
43
06
43
06
42
06
42
06
41
06
41
06
4
06
4
05
39
05
38
06
38
06
37
06
36
05
36
05
35
06

Rainfall normals

Rainfall normals

Parana
MT
Brazil Normal Daily Rainfall (mm)

Sheet2

Sheet3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Cumulative Daily
Parana MT RGDS Parana MT
Jul-01 2764 0 7088 34 05
Jul-02 5128 0 12232 33 05
Jul-03 86 0952 18532 33 05
Jul-04 11196 2116 21512 32 05
Jul-05 12908 214 25204 31 06
Jul-06 15308 246 31972 3 05
Jul-07 19736 246 38674 3 05
Jul-08 23852 2464 4448 29 05
Jul-09 29252 3412 5054 28 05
Jul-10 32968 3748 55088 28 05
Jul-11 352 384 60272 27 05
Jul-12 37316 392 61724 27 05
Jul-13 38576 3932 62328 26 05
Jul-14 38684 396 63566 25 05
Jul-15 39676 3976 66248 25 05
Jul-16 44864 3976 72016 24 05
Jul-17 4847 3976 76014 24 05
Jul-18 5265 4128 80946 24 05
Jul-19 56222 4228 86874 23 05
Jul-20 58754 456 92074 23 05
Jul-21 62098 4616 95112 23 05
Jul-22 63482 47 98508 23 05
Jul-23 66322 6736 10102 23 05
Jul-24 66826 6868 102116 22 05
Jul-25 68194 7008 104668 22 05
Jul-26 69974 7432 10911 22 05
Jul-27 72834 7488 113962 22 05
Jul-28 75074 7568 118294 22 05
Jul-29 76562 7608 124178 22 05
Jul-30 78202 7628 129238 22 05
Jul-31 80654 8448 135082 23 05
Aug-01 84138 9236 140582 23 05
Aug-02 86938 9384 144806 23 05
Aug-03 88686 9452 150098 23 05
Aug-04 90358 996 155774 23 06
Aug-05 92794 11416 158934 23 06
Aug-06 9575 12692 162478 24 05
Aug-07 98422 127 167014 24 05
Aug-08 100086 12704 170066 24 05
Aug-09 102978 12704 177274 24 06
Aug-10 105066 1304 180992 25 06
Aug-11 106538 1312 18366 25 06
Aug-12 108098 13508 185076 25 06
Aug-13 108986 13644 186364 25 06
Aug-14 111482 13908 18984 26 07
Aug-15 11377 15204 195176 26 07
Aug-16 117674 1592 201236 27 08
Aug-17 11985 1596 20416 27 08
Aug-18 123498 16052 208836 27 08
Aug-19 12841 1614 211548 28 08
Aug-20 13183 16564 21698 28 09
Aug-21 135826 17052 221748 28 09
Aug-22 138234 17196 223168 29 09
Aug-23 139438 18948 225216 29 1
Aug-24 14061 19588 228608 29 1
Aug-25 143082 21084 231288 3 11
Aug-26 144454 22012 235172 3 11
Aug-27 149278 22012 238864 3 12
Aug-28 15179 22856 24076 31 12
Aug-29 153774 24556 243712 31 13
Aug-30 154746 25356 246228 32 13
Aug-31 158766 26432 251112 32 13
Sep-01 161398 28168 255196 33 14
Sep-02 16531 30132 257996 33 14
Sep-03 167078 30308 259736 34 15
Sep-04 17003 30388 263592 34 16
Sep-05 173546 30768 26666 35 16
Sep-06 175398 3148 268684 36 17
Sep-07 181814 3268 272 37 17
Sep-08 187614 36846 277494 37 18
Sep-09 191406 38834 281182 38 18
Sep-10 192502 4009 284174 39 19
Sep-11 193486 41462 292254 39 2
Sep-12 199146 42282 302174 4 2
Sep-13 205058 44022 308424 41 21
Sep-14 211134 45642 31666 42 22
Sep-15 218042 4695 325528 43 22
Sep-16 221954 49078 330032 44 22
Sep-17 224018 49926 332248 45 23
Sep-18 228086 50494 340216 46 24
Sep-19 232194 53954 34878 47 24
Sep-20 23891 54818 355518 48 25
Sep-21 240914 56926 361376 48 26
Sep-22 244254 58866 365848 49 26
Sep-23 248926 60538 37564 5 27
Sep-24 256398 6307 389776 51 28
Sep-25 26425 65454 395308 52 28
Sep-26 268946 69902 40004 53 29
Sep-27 27237 70662 4038 53 29
Sep-28 277442 72082 407884 54 3
Sep-29 284522 76594 413128 55 31
Sep-30 290042 81582 418636 56 31
Oct-01 299106 84374 427364 56 32
Oct-02 305186 8773 431952 57 33
Oct-03 308186 89546 436956 57 33
Oct-04 31191 94862 442232 58 34
Oct-05 315982 9665 452052 58 35
Oct-06 322018 100354 4593 58 36
Oct-07 32445 103338 461674 59 36
Oct-08 330414 10633 46959 59 37
Oct-09 33641 10839 478896 59 38
Oct-10 342482 112878 4864 59 38
Oct-11 349454 115038 49178 59 39
Oct-12 35571 11893 498376 59 4
Oct-13 362234 123062 50792 59 41
Oct-14 367638 126802 513484 59 41
Oct-15 369866 129274 519524 58 42
Oct-16 375386 13339 528236 58 43
Oct-17 383966 13761 539512 58 44
Oct-18 388114 141006 54398 57 45
Oct-19 39491 146666 547548 57 45
Oct-20 401666 150358 554624 56 46
Oct-21 406878 153806 560316 56 47
Oct-22 411594 157198 563256 55 48
Oct-23 414694 163434 566624 55 48
Oct-24 41811 168974 571808 54 49
Oct-25 424658 173138 577804 53 5
Oct-26 433038 178442 585308 52 51
Oct-27 442146 18707 5891 52 52
Oct-28 444998 192174 592184 51 52
Oct-29 447778 195098 59562 5 53
Oct-30 449114 202238 599922 49 54
Oct-31 453102 207962 606102 49 55
Nov-01 460738 21235 611414 48 55
Nov-02 46535 217874 616194 47 56
Nov-03 471222 224532 620408 47 57
Nov-04 47721 229184 626328 46 58
Nov-05 481826 236736 63376 46 59
Nov-06 490546 240048 643056 45 59
Nov-07 493758 244132 645724 45 6
Nov-08 49723 248816 650184 44 61
Nov-09 500526 255364 654412 44 61
Nov-10 505182 26546 65976 44 62
Nov-11 509178 271336 664348 44 62
Nov-12 513334 276676 66896 43 63
Nov-13 519854 282156 675124 43 64
Nov-14 52521 28843 678284 43 64
Nov-15 53069 292758 680652 43 65
Nov-16 533158 304166 684364 43 65
Nov-17 537386 30969 68864 44 66
Nov-18 54063 31615 693612 44 66
Nov-19 54451 320838 697756 44 66
Nov-20 548162 331762 699288 45 67
Nov-21 552446 337868 702032 45 68
Nov-22 556582 343624 703216 46 68
Nov-23 558166 35038 706056 46 68
Nov-24 561802 35358 710 47 68
Nov-25 568802 360124 716752 48 69
Nov-26 574546 364332 720672 48 69
Nov-27 57893 36952 724824 49 69
Nov-28 582814 377852 729172 5 69
Nov-29 58561 388264 730416 51 7
Nov-30 588422 396364 732412 52 7
Dec-01 591438 407728 735704 52 7
Dec-02 594274 414648 738192 53 7
Dec-03 597002 42232 740312 54 7
Dec-04 601042 427388 743156 55 7
Dec-05 605394 43246 750432 56 7
Dec-06 610078 438292 75839 56 7
Dec-07 617094 447072 763426 57 71
Dec-08 621458 45366 766248 57 71
Dec-09 623962 460588 7684 58 7
Dec-10 63095 46921 771594 59 7
Dec-11 635566 481482 775878 6 71
Dec-12 642502 48885 78275 6 71
Dec-13 649742 499602 78785 6 7
Dec-14 65815 509698 791862 61 71
Dec-15 662126 515178 797586 61 71
Dec-16 667966 522814 80215 61 71
Dec-17 673974 529578 810014 62 71
Dec-18 676898 537354 81391 62 71
Dec-19 680222 544574 815174 62 71
Dec-20 684598 55039 82225 62 71
Dec-21 689722 556622 82803 62 71
Dec-22 697602 560194 832886 62 71
Dec-23 70129 567118 838426 61 71
Dec-24 70669 573266 846136 61 71
Dec-25 708366 58053 848 61 72
Dec-26 710446 588766 852876 61 72
Dec-27 713818 595826 855604 6 72
Dec-28 71879 60375 860756 6 72
Dec-29 727414 610454 864652 6 72
Dec-30 733598 617218 871628 6 72
Dec-31 739248 626332 875934 59 73
Jan-01 743224 635558 87995 59 72
Jan-02 745184 64569 882542 58 73
Jan-03 749496 653898 885678 58 73
Jan-04 753786 664308 88883 58 73
Jan-05 758918 673588 893222 57 74
Jan-06 762998 685356 896982 57 74
Jan-07 766544 6916 901356 56 74
Jan-08 768952 700506 907956 56 75
Jan-09 77438 710522 913684 56 75
Jan-10 781904 718902 919052 55 75
Jan-11 788208 726078 925492 55 75
Jan-12 79456 735638 929744 55 76
Jan-13 800452 74447 93248 55 76
Jan-14 804716 753262 939044 54 76
Jan-15 810692 764854 947368 54 76
Jan-16 815796 773346 95577 54 77
Jan-17 82062 781266 96295 54 77
Jan-18 82456 788226 966778 54 77
Jan-19 829312 79381 969044 54 78
Jan-20 83652 800718 976852 54 78
Jan-21 840784 809782 980462 55 78
Jan-22 84686 815818 984158 55 79
Jan-23 852196 824174 988466 55 79
Jan-24 85726 831706 99199 55 79
Jan-25 866372 83847 100142 55 8
Jan-26 872064 846934 100761 55 8
Jan-27 878372 85433 101541 56 8
Jan-28 883588 85997 101846 56 8
Jan-29 889244 867398 102653 57 81
Jan-30 896468 876534 103566 57 81
Jan-31 90484 883646 10443 57 82
Feb-01 915208 891514 105294 58 82
Feb-02 921476 90037 106103 58 82
Feb-03 927964 909646 106442 59 82
Feb-04 93286 918026 107032 59 82
Feb-05 937408 928946 107763 59 82
Feb-06 94201 937412 108254 6 83
Feb-07 947086 952884 108552 6 83
Feb-08 952246 96228 109098 6 83
Feb-09 955886 968904 109558 6 83
Feb-10 96133 9754 110469 61 83
Feb-11 96697 981996 110991 6 83
Feb-12 969426 992592 111242 6 83
Feb-13 97417 999652 111567 6 83
Feb-14 980506 100768 112062 6 83
Feb-15 985954 101555 112725 6 83
Feb-16 99267 102422 1134 6 83
Feb-17 997258 103353 113994 6 83
Feb-18 100341 104026 114302 59 82
Feb-19 100826 104853 11448 59 82
Feb-20 10135 105757 115195 58 82
Feb-21 101997 106745 115619 58 82
Feb-22 102626 107418 115978 57 82
Feb-23 103088 108182 116461 56 82
Feb-24 103827 108792 117726 55 81
Feb-25 104473 10951 118573 55 81
Feb-26 104847 110097 119134 54 8
Feb-27 105214 110854 119655 53 8
Feb-28 105754 111584 119994 52 79
Mar-01 106131 112306 12051 51 79
Mar-02 106455 11297 12082 5 78
Mar-03 106966 113829 121208 49 78
Mar-04 107273 114705 121571 49 77
Mar-05 107551 115385 122014 48 77
Mar-06 107835 116451 122605 47 76
Mar-07 108221 117131 123162 46 76
Mar-08 108449 117625 123525 45 75
Mar-09 108706 118251 123844 45 75
Mar-10 109109 118828 124456 44 74
Mar-11 109385 119645 124956 43 73
Mar-12 109721 120487 125389 42 73
Mar-13 110119 121134 125913 42 72
Mar-14 110432 122035 126473 41 71
Mar-15 11068 122842 126772 41 7
Mar-16 110909 123543 127254 4 7
Mar-17 111538 124458 127636 4 68
Mar-18 112072 125557 128608 4 68
Mar-19 112325 126969 128885 39 67
Mar-20 112907 127667 129129 39 66
Mar-21 113171 128444 12943 39 65
Mar-22 113633 129037 129641 39 64
Mar-23 113946 129689 130187 38 63
Mar-24 114494 130371 130687 39 62
Mar-25 114798 13106 13116 39 61
Mar-26 115109 131501 131718 39 61
Mar-27 1155 132129 132139 39 6
Mar-28 115791 132728 132677 39 58
Mar-29 116153 133382 133207 39 58
Mar-30 116608 134038 133786 4 57
Mar-31 116879 134388 134263 4 56
Apr-01 117448 13481 135173 4 55
Apr-02 117731 135548 135867 4 54
Apr-03 117943 136158 136402 41 53
Apr-04 118451 136585 137352 41 52
Apr-05 118751 136883 137983 42 51
Apr-06 118931 137352 138669 42 5
Apr-07 119668 137681 139307 42 49
Apr-08 120095 137925 139919 43 48
Apr-09 120417 138207 140221 43 47
Apr-10 120927 138485 140749 44 46
Apr-11 121133 138983 141135 44 45
Apr-12 121383 139608 141819 44 44
Apr-13 122001 14036 142518 45 43
Apr-14 122484 140746 143004 45 42
Apr-15 123102 14132 143888 46 41
Apr-16 123593 141693 144598 46 4
Apr-17 124211 142326 14511 46 39
Apr-18 124985 142663 145816 46 38
Apr-19 125699 143123 146355 46 37
Apr-20 126363 143359 146813 47 36
Apr-21 126625 143631 14718 47 35
Apr-22 126848 143999 147422 47 35
Apr-23 127155 144221 14801 47 34
Apr-24 127786 144374 148823 47 33
Apr-25 128226 144671 149713 47 32
Apr-26 128702 144918 150257 47 31
Apr-27 128934 145129 150715 47 31
Apr-28 12922 145279 151235 47 3
Apr-29 129737 145416 151968 47 29
Apr-30 130073 145645 152481 47 28
May-01 130327 145749 152759 46 27
May-02 130623 145967 153177 46 27
May-03 131046 146091 153532 46 26
May-04 131572 14629 154097 46 25
May-05 131847 146391 154588 46 24
May-06 132538 146643 154808 45 24
May-07 132866 146852 155413 45 23
May-08 13334 146912 15599 45 22
May-09 133673 147045 156414 45 22
May-10 134007 147091 15677 45 21
May-11 134298 147144 157185 44 2
May-12 13464 147175 157683 44 2
May-13 135307 147252 158313 44 19
May-14 135985 147549 158803 44 19
May-15 13632 147685 15911 44 18
May-16 136885 147977 159807 44 17
May-17 137428 148068 160351 44 17
May-18 138029 148179 160972 43 16
May-19 138529 148214 161583 44 15
May-20 139212 148227 162319 44 15
May-21 140112 148465 163037 44 14
May-22 140769 148569 163618 44 14
May-23 141341 148687 164089 44 14
May-24 141704 148804 164369 44 13
May-25 142195 148864 164796 44 12
May-26 142465 148911 165278 44 12
May-27 142872 149025 166129 44 11
May-28 143259 149056 16711 44 11
May-29 143676 149113 167891 44 11
May-30 1442 149161 168626 44 11
May-31 144545 149393 169258 44 1
Jun-01 144785 149493 169409 44 1
Jun-02 144969 149569 169717 45 09
Jun-03 145211 149575 170452 44 09
Jun-04 145532 149647 170986 44 09
Jun-05 146458 14967 171959 45 08
Jun-06 147033 149791 172742 45 08
Jun-07 147535 149896 173169 45 08
Jun-08 147838 149911 173672 45 07
Jun-09 148111 149915 174203 45 07
Jun-10 148302 149975 174903 44 07
Jun-11 148548 149975 175279 44 07
Jun-12 148795 149975 175763 44 07
Jun-13 149169 149975 176279 44 07
Jun-14 149886 149981 176859 44 07
Jun-15 150168 150142 17703 44 06
Jun-16 150462 150186 177623 43 06
Jun-17 150731 15021 178343 43 06
Jun-18 151447 150243 178887 42 06
Jun-19 152109 150247 179668 42 06
Jun-20 152758 150287 179981 41 06
Jun-21 153139 150315 180324 41 06
Jun-22 153321 150421 180658 4 06
Jun-23 153536 150428 181094 4 05
Jun-24 154122 150543 181596 39 05
Jun-25 154487 15062 181875 38 06
Jun-26 154764 150696 182241 38 06
Jun-27 15517 150702 182588 37 06
Jun-28 155453 15071 182874 36 05
Jun-29 155786 150817 183159 36 05
Jun-30 15612 150901 183853 35 06
Jul-01 Jul-01
Jul-02 Jul-02
Jul-03 Jul-03
Jul-04 Jul-04
Jul-05 Jul-05
Jul-06 Jul-06
Jul-07 Jul-07
Jul-08 Jul-08
Jul-09 Jul-09
Jul-10 Jul-10
Jul-11 Jul-11
Jul-12 Jul-12
Jul-13 Jul-13
Jul-14 Jul-14
Jul-15 Jul-15
Jul-16 Jul-16
Jul-17 Jul-17
Jul-18 Jul-18
Jul-19 Jul-19
Jul-20 Jul-20
Jul-21 Jul-21
Jul-22 Jul-22
Jul-23 Jul-23
Jul-24 Jul-24
Jul-25 Jul-25
Jul-26 Jul-26
Jul-27 Jul-27
Jul-28 Jul-28
Jul-29 Jul-29
Jul-30 Jul-30
Jul-31 Jul-31
Aug-01 Aug-01
Aug-02 Aug-02
Aug-03 Aug-03
Aug-04 Aug-04
Aug-05 Aug-05
Aug-06 Aug-06
Aug-07 Aug-07
Aug-08 Aug-08
Aug-09 Aug-09
Aug-10 Aug-10
Aug-11 Aug-11
Aug-12 Aug-12
Aug-13 Aug-13
Aug-14 Aug-14
Aug-15 Aug-15
Aug-16 Aug-16
Aug-17 Aug-17
Aug-18 Aug-18
Aug-19 Aug-19
Aug-20 Aug-20
Aug-21 Aug-21
Aug-22 Aug-22
Aug-23 Aug-23
Aug-24 Aug-24
Aug-25 Aug-25
Aug-26 Aug-26
Aug-27 Aug-27
Aug-28 Aug-28
Aug-29 Aug-29
Aug-30 Aug-30
Aug-31 Aug-31
Sep-01 Sep-01
Sep-02 Sep-02
Sep-03 Sep-03
Sep-04 Sep-04
Sep-05 Sep-05
Sep-06 Sep-06
Sep-07 Sep-07
Sep-08 Sep-08
Sep-09 Sep-09
Sep-10 Sep-10
Sep-11 Sep-11
Sep-12 Sep-12
Sep-13 Sep-13
Sep-14 Sep-14
Sep-15 Sep-15
Sep-16 Sep-16
Sep-17 Sep-17
Sep-18 Sep-18
Sep-19 Sep-19
Sep-20 Sep-20
Sep-21 Sep-21
Sep-22 Sep-22
Sep-23 Sep-23
Sep-24 Sep-24
Sep-25 Sep-25
Sep-26 Sep-26
Sep-27 Sep-27
Sep-28 Sep-28
Sep-29 Sep-29
Sep-30 Sep-30
Oct-01 Oct-01
Oct-02 Oct-02
Oct-03 Oct-03
Oct-04 Oct-04
Oct-05 Oct-05
Oct-06 Oct-06
Oct-07 Oct-07
Oct-08 Oct-08
Oct-09 Oct-09
Oct-10 Oct-10
Oct-11 Oct-11
Oct-12 Oct-12
Oct-13 Oct-13
Oct-14 Oct-14
Oct-15 Oct-15
Oct-16 Oct-16
Oct-17 Oct-17
Oct-18 Oct-18
Oct-19 Oct-19
Oct-20 Oct-20
Oct-21 Oct-21
Oct-22 Oct-22
Oct-23 Oct-23
Oct-24 Oct-24
Oct-25 Oct-25
Oct-26 Oct-26
Oct-27 Oct-27
Oct-28 Oct-28
Oct-29 Oct-29
Oct-30 Oct-30
Oct-31 Oct-31
Nov-01 Nov-01
Nov-02 Nov-02
Nov-03 Nov-03
Nov-04 Nov-04
Nov-05 Nov-05
Nov-06 Nov-06
Nov-07 Nov-07
Nov-08 Nov-08
Nov-09 Nov-09
Nov-10 Nov-10
Nov-11 Nov-11
Nov-12 Nov-12
Nov-13 Nov-13
Nov-14 Nov-14
Nov-15 Nov-15
Nov-16 Nov-16
Nov-17 Nov-17
Nov-18 Nov-18
Nov-19 Nov-19
Nov-20 Nov-20
Nov-21 Nov-21
Nov-22 Nov-22
Nov-23 Nov-23
Nov-24 Nov-24
Nov-25 Nov-25
Nov-26 Nov-26
Nov-27 Nov-27
Nov-28 Nov-28
Nov-29 Nov-29
Nov-30 Nov-30
Dec-01 Dec-01
Dec-02 Dec-02
Dec-03 Dec-03
Dec-04 Dec-04
Dec-05 Dec-05
Dec-06 Dec-06
Dec-07 Dec-07
Dec-08 Dec-08
Dec-09 Dec-09
Dec-10 Dec-10
Dec-11 Dec-11
Dec-12 Dec-12
Dec-13 Dec-13
Dec-14 Dec-14
Dec-15 Dec-15
Dec-16 Dec-16
Dec-17 Dec-17
Dec-18 Dec-18
Dec-19 Dec-19
Dec-20 Dec-20
Dec-21 Dec-21
Dec-22 Dec-22
Dec-23 Dec-23
Dec-24 Dec-24
Dec-25 Dec-25
Dec-26 Dec-26
Dec-27 Dec-27
Dec-28 Dec-28
Dec-29 Dec-29
Dec-30 Dec-30
Dec-31 Dec-31
Jan-01 Jan-01
Jan-02 Jan-02
Jan-03 Jan-03
Jan-04 Jan-04
Jan-05 Jan-05
Jan-06 Jan-06
Jan-07 Jan-07
Jan-08 Jan-08
Jan-09 Jan-09
Jan-10 Jan-10
Jan-11 Jan-11
Jan-12 Jan-12
Jan-13 Jan-13
Jan-14 Jan-14
Jan-15 Jan-15
Jan-16 Jan-16
Jan-17 Jan-17
Jan-18 Jan-18
Jan-19 Jan-19
Jan-20 Jan-20
Jan-21 Jan-21
Jan-22 Jan-22
Jan-23 Jan-23
Jan-24 Jan-24
Jan-25 Jan-25
Jan-26 Jan-26
Jan-27 Jan-27
Jan-28 Jan-28
Jan-29 Jan-29
Jan-30 Jan-30
Jan-31 Jan-31
Feb-01 Feb-01
Feb-02 Feb-02
Feb-03 Feb-03
Feb-04 Feb-04
Feb-05 Feb-05
Feb-06 Feb-06
Feb-07 Feb-07
Feb-08 Feb-08
Feb-09 Feb-09
Feb-10 Feb-10
Feb-11 Feb-11
Feb-12 Feb-12
Feb-13 Feb-13
Feb-14 Feb-14
Feb-15 Feb-15
Feb-16 Feb-16
Feb-17 Feb-17
Feb-18 Feb-18
Feb-19 Feb-19
Feb-20 Feb-20
Feb-21 Feb-21
Feb-22 Feb-22
Feb-23 Feb-23
Feb-24 Feb-24
Feb-25 Feb-25
Feb-26 Feb-26
Feb-27 Feb-27
Feb-28 Feb-28
Mar-01 Mar-01
Mar-02 Mar-02
Mar-03 Mar-03
Mar-04 Mar-04
Mar-05 Mar-05
Mar-06 Mar-06
Mar-07 Mar-07
Mar-08 Mar-08
Mar-09 Mar-09
Mar-10 Mar-10
Mar-11 Mar-11
Mar-12 Mar-12
Mar-13 Mar-13
Mar-14 Mar-14
Mar-15 Mar-15
Mar-16 Mar-16
Mar-17 Mar-17
Mar-18 Mar-18
Mar-19 Mar-19
Mar-20 Mar-20
Mar-21 Mar-21
Mar-22 Mar-22
Mar-23 Mar-23
Mar-24 Mar-24
Mar-25 Mar-25
Mar-26 Mar-26
Mar-27 Mar-27
Mar-28 Mar-28
Mar-29 Mar-29
Mar-30 Mar-30
Mar-31 Mar-31
Apr-01 Apr-01
Apr-02 Apr-02
Apr-03 Apr-03
Apr-04 Apr-04
Apr-05 Apr-05
Apr-06 Apr-06
Apr-07 Apr-07
Apr-08 Apr-08
Apr-09 Apr-09
Apr-10 Apr-10
Apr-11 Apr-11
Apr-12 Apr-12
Apr-13 Apr-13
Apr-14 Apr-14
Apr-15 Apr-15
Apr-16 Apr-16
Apr-17 Apr-17
Apr-18 Apr-18
Apr-19 Apr-19
Apr-20 Apr-20
Apr-21 Apr-21
Apr-22 Apr-22
Apr-23 Apr-23
Apr-24 Apr-24
Apr-25 Apr-25
Apr-26 Apr-26
Apr-27 Apr-27
Apr-28 Apr-28
Apr-29 Apr-29
Apr-30 Apr-30
May-01 May-01
May-02 May-02
May-03 May-03
May-04 May-04
May-05 May-05
May-06 May-06
May-07 May-07
May-08 May-08
May-09 May-09
May-10 May-10
May-11 May-11
May-12 May-12
May-13 May-13
May-14 May-14
May-15 May-15
May-16 May-16
May-17 May-17
May-18 May-18
May-19 May-19
May-20 May-20
May-21 May-21
May-22 May-22
May-23 May-23
May-24 May-24
May-25 May-25
May-26 May-26
May-27 May-27
May-28 May-28
May-29 May-29
May-30 May-30
May-31 May-31
Jun-01 Jun-01
Jun-02 Jun-02
Jun-03 Jun-03
Jun-04 Jun-04
Jun-05 Jun-05
Jun-06 Jun-06
Jun-07 Jun-07
Jun-08 Jun-08
Jun-09 Jun-09
Jun-10 Jun-10
Jun-11 Jun-11
Jun-12 Jun-12
Jun-13 Jun-13
Jun-14 Jun-14
Jun-15 Jun-15
Jun-16 Jun-16
Jun-17 Jun-17
Jun-18 Jun-18
Jun-19 Jun-19
Jun-20 Jun-20
Jun-21 Jun-21
Jun-22 Jun-22
Jun-23 Jun-23
Jun-24 Jun-24
Jun-25 Jun-25
Jun-26 Jun-26
Jun-27 Jun-27
Jun-28 Jun-28
Jun-29 Jun-29
Jun-30 Jun-30
Page 13: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Brazil Corn (Second Crop)

Major

Corn ProductionAverage (2011-13)

IntensityProductionMinor

Source IBGEAgricultural Weather AssessmentsWorld Agricultural Outlook Board

Rio Grandedo Sul

SantaCatarina

Mato GrossoBahia

Mato Grossodo Sul

Parana

SaoPaulo

MinasGerais

Goias

Tocantins

Maranhao

Piaui

a ndash Cearab ndash Rio Grande do Nortec ndash Paraibad ndash Pernambucoe ndash Alagoasf ndash Sergipeh ndash Espirito Santoi ndash Rio de Janeiro

abc

de

f

h

i

Para

Amazonas

Rondonia

Roraima

Amapa

Acre

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2nd Corn crop calendar for most of Center-South Brazil

Plant

Harvest

Source IBGE Brazil

State-Level Production(as of total)

Mato GrossoParanaMato Grosso do SulGoiasSao PauloMinas GeraisSergipeBahiaMaranhaoRondoniaOther States

39251512

311111

~1

2011 to 2013 Average

March 8 2019

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

Mato Grosso corn is the record earliest planted 96 of 2nd-crop corn has been planted

Rapid soybean harvest allowed for early planting of corn in Mato Grosso

Mato Grosso CornPercent Planted

Source Safras e MercadoPeriod Ending (Approximate Date)

Source IMEA Source IMEA

Perc

ent

Perc

ent

Period Ending (Approximate Date)

Mato Grosso SoybeansPercent Harvested

March 8 2019

Brazil Normal Daily Rainfall (mm)

0123456789

Jul

-01

Jul

-23

Aug

-14

Sep

-05

Sep

-27

Oct

-19

Nov

-10

Dec

-02

Dec

-24

Jan

-15

Feb

-06

Feb

-28

Mar

-22

Apr

-13

May

-05

May

-27

Jun

-18

Parana MT

Early March

Mato Grosso

Parana

Agricultural Weather AssessmentsWorld Agricultural Outlook Board March 8 2019

Chart4

Parana
MT
Brazil Normal Daily Rainfall (mm)
34
05
33
05
33
05
32
05
31
06
3
05
3
05
29
05
28
05
28
05
27
05
27
05
26
05
25
05
25
05
24
05
24
05
24
05
23
05
23
05
23
05
23
05
23
05
22
05
22
05
22
05
22
05
22
05
22
05
22
05
23
05
23
05
23
05
23
05
23
06
23
06
24
05
24
05
24
05
24
06
25
06
25
06
25
06
25
06
26
07
26
07
27
08
27
08
27
08
28
08
28
09
28
09
29
09
29
1
29
1
3
11
3
11
3
12
31
12
31
13
32
13
32
13
33
14
33
14
34
15
34
16
35
16
36
17
37
17
37
18
38
18
39
19
39
2
4
2
41
21
42
22
43
22
44
22
45
23
46
24
47
24
48
25
48
26
49
26
5
27
51
28
52
28
53
29
53
29
54
3
55
31
56
31
56
32
57
33
57
33
58
34
58
35
58
36
59
36
59
37
59
38
59
38
59
39
59
4
59
41
59
41
58
42
58
43
58
44
57
45
57
45
56
46
56
47
55
48
55
48
54
49
53
5
52
51
52
52
51
52
5
53
49
54
49
55
48
55
47
56
47
57
46
58
46
59
45
59
45
6
44
61
44
61
44
62
44
62
43
63
43
64
43
64
43
65
43
65
44
66
44
66
44
66
45
67
45
68
46
68
46
68
47
68
48
69
48
69
49
69
5
69
51
7
52
7
52
7
53
7
54
7
55
7
56
7
56
7
57
71
57
71
58
7
59
7
6
71
6
71
6
7
61
71
61
71
61
71
62
71
62
71
62
71
62
71
62
71
62
71
61
71
61
71
61
72
61
72
6
72
6
72
6
72
6
72
59
73
59
72
58
73
58
73
58
73
57
74
57
74
56
74
56
75
56
75
55
75
55
75
55
76
55
76
54
76
54
76
54
77
54
77
54
77
54
78
54
78
55
78
55
79
55
79
55
79
55
8
55
8
56
8
56
8
57
81
57
81
57
82
58
82
58
82
59
82
59
82
59
82
6
83
6
83
6
83
6
83
61
83
6
83
6
83
6
83
6
83
6
83
6
83
6
83
59
82
59
82
58
82
58
82
57
82
56
82
55
81
55
81
54
8
53
8
52
79
51
79
5
78
49
78
49
77
48
77
47
76
46
76
45
75
45
75
44
74
43
73
42
73
42
72
41
71
41
7
4
7
4
68
4
68
39
67
39
66
39
65
39
64
38
63
39
62
39
61
39
61
39
6
39
58
39
58
4
57
4
56
4
55
4
54
41
53
41
52
42
51
42
5
42
49
43
48
43
47
44
46
44
45
44
44
45
43
45
42
46
41
46
4
46
39
46
38
46
37
47
36
47
35
47
35
47
34
47
33
47
32
47
31
47
31
47
3
47
29
47
28
46
27
46
27
46
26
46
25
46
24
45
24
45
23
45
22
45
22
45
21
44
2
44
2
44
19
44
19
44
18
44
17
44
17
43
16
44
15
44
15
44
14
44
14
44
14
44
13
44
12
44
12
44
11
44
11
44
11
44
11
44
1
44
1
45
09
44
09
44
09
45
08
45
08
45
08
45
07
45
07
44
07
44
07
44
07
44
07
44
07
44
06
43
06
43
06
42
06
42
06
41
06
41
06
4
06
4
05
39
05
38
06
38
06
37
06
36
05
36
05
35
06

Rainfall normals

Rainfall normals

Parana
MT
Brazil Normal Daily Rainfall (mm)

Sheet2

Sheet3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Cumulative Daily
Parana MT RGDS Parana MT
Jul-01 2764 0 7088 34 05
Jul-02 5128 0 12232 33 05
Jul-03 86 0952 18532 33 05
Jul-04 11196 2116 21512 32 05
Jul-05 12908 214 25204 31 06
Jul-06 15308 246 31972 3 05
Jul-07 19736 246 38674 3 05
Jul-08 23852 2464 4448 29 05
Jul-09 29252 3412 5054 28 05
Jul-10 32968 3748 55088 28 05
Jul-11 352 384 60272 27 05
Jul-12 37316 392 61724 27 05
Jul-13 38576 3932 62328 26 05
Jul-14 38684 396 63566 25 05
Jul-15 39676 3976 66248 25 05
Jul-16 44864 3976 72016 24 05
Jul-17 4847 3976 76014 24 05
Jul-18 5265 4128 80946 24 05
Jul-19 56222 4228 86874 23 05
Jul-20 58754 456 92074 23 05
Jul-21 62098 4616 95112 23 05
Jul-22 63482 47 98508 23 05
Jul-23 66322 6736 10102 23 05
Jul-24 66826 6868 102116 22 05
Jul-25 68194 7008 104668 22 05
Jul-26 69974 7432 10911 22 05
Jul-27 72834 7488 113962 22 05
Jul-28 75074 7568 118294 22 05
Jul-29 76562 7608 124178 22 05
Jul-30 78202 7628 129238 22 05
Jul-31 80654 8448 135082 23 05
Aug-01 84138 9236 140582 23 05
Aug-02 86938 9384 144806 23 05
Aug-03 88686 9452 150098 23 05
Aug-04 90358 996 155774 23 06
Aug-05 92794 11416 158934 23 06
Aug-06 9575 12692 162478 24 05
Aug-07 98422 127 167014 24 05
Aug-08 100086 12704 170066 24 05
Aug-09 102978 12704 177274 24 06
Aug-10 105066 1304 180992 25 06
Aug-11 106538 1312 18366 25 06
Aug-12 108098 13508 185076 25 06
Aug-13 108986 13644 186364 25 06
Aug-14 111482 13908 18984 26 07
Aug-15 11377 15204 195176 26 07
Aug-16 117674 1592 201236 27 08
Aug-17 11985 1596 20416 27 08
Aug-18 123498 16052 208836 27 08
Aug-19 12841 1614 211548 28 08
Aug-20 13183 16564 21698 28 09
Aug-21 135826 17052 221748 28 09
Aug-22 138234 17196 223168 29 09
Aug-23 139438 18948 225216 29 1
Aug-24 14061 19588 228608 29 1
Aug-25 143082 21084 231288 3 11
Aug-26 144454 22012 235172 3 11
Aug-27 149278 22012 238864 3 12
Aug-28 15179 22856 24076 31 12
Aug-29 153774 24556 243712 31 13
Aug-30 154746 25356 246228 32 13
Aug-31 158766 26432 251112 32 13
Sep-01 161398 28168 255196 33 14
Sep-02 16531 30132 257996 33 14
Sep-03 167078 30308 259736 34 15
Sep-04 17003 30388 263592 34 16
Sep-05 173546 30768 26666 35 16
Sep-06 175398 3148 268684 36 17
Sep-07 181814 3268 272 37 17
Sep-08 187614 36846 277494 37 18
Sep-09 191406 38834 281182 38 18
Sep-10 192502 4009 284174 39 19
Sep-11 193486 41462 292254 39 2
Sep-12 199146 42282 302174 4 2
Sep-13 205058 44022 308424 41 21
Sep-14 211134 45642 31666 42 22
Sep-15 218042 4695 325528 43 22
Sep-16 221954 49078 330032 44 22
Sep-17 224018 49926 332248 45 23
Sep-18 228086 50494 340216 46 24
Sep-19 232194 53954 34878 47 24
Sep-20 23891 54818 355518 48 25
Sep-21 240914 56926 361376 48 26
Sep-22 244254 58866 365848 49 26
Sep-23 248926 60538 37564 5 27
Sep-24 256398 6307 389776 51 28
Sep-25 26425 65454 395308 52 28
Sep-26 268946 69902 40004 53 29
Sep-27 27237 70662 4038 53 29
Sep-28 277442 72082 407884 54 3
Sep-29 284522 76594 413128 55 31
Sep-30 290042 81582 418636 56 31
Oct-01 299106 84374 427364 56 32
Oct-02 305186 8773 431952 57 33
Oct-03 308186 89546 436956 57 33
Oct-04 31191 94862 442232 58 34
Oct-05 315982 9665 452052 58 35
Oct-06 322018 100354 4593 58 36
Oct-07 32445 103338 461674 59 36
Oct-08 330414 10633 46959 59 37
Oct-09 33641 10839 478896 59 38
Oct-10 342482 112878 4864 59 38
Oct-11 349454 115038 49178 59 39
Oct-12 35571 11893 498376 59 4
Oct-13 362234 123062 50792 59 41
Oct-14 367638 126802 513484 59 41
Oct-15 369866 129274 519524 58 42
Oct-16 375386 13339 528236 58 43
Oct-17 383966 13761 539512 58 44
Oct-18 388114 141006 54398 57 45
Oct-19 39491 146666 547548 57 45
Oct-20 401666 150358 554624 56 46
Oct-21 406878 153806 560316 56 47
Oct-22 411594 157198 563256 55 48
Oct-23 414694 163434 566624 55 48
Oct-24 41811 168974 571808 54 49
Oct-25 424658 173138 577804 53 5
Oct-26 433038 178442 585308 52 51
Oct-27 442146 18707 5891 52 52
Oct-28 444998 192174 592184 51 52
Oct-29 447778 195098 59562 5 53
Oct-30 449114 202238 599922 49 54
Oct-31 453102 207962 606102 49 55
Nov-01 460738 21235 611414 48 55
Nov-02 46535 217874 616194 47 56
Nov-03 471222 224532 620408 47 57
Nov-04 47721 229184 626328 46 58
Nov-05 481826 236736 63376 46 59
Nov-06 490546 240048 643056 45 59
Nov-07 493758 244132 645724 45 6
Nov-08 49723 248816 650184 44 61
Nov-09 500526 255364 654412 44 61
Nov-10 505182 26546 65976 44 62
Nov-11 509178 271336 664348 44 62
Nov-12 513334 276676 66896 43 63
Nov-13 519854 282156 675124 43 64
Nov-14 52521 28843 678284 43 64
Nov-15 53069 292758 680652 43 65
Nov-16 533158 304166 684364 43 65
Nov-17 537386 30969 68864 44 66
Nov-18 54063 31615 693612 44 66
Nov-19 54451 320838 697756 44 66
Nov-20 548162 331762 699288 45 67
Nov-21 552446 337868 702032 45 68
Nov-22 556582 343624 703216 46 68
Nov-23 558166 35038 706056 46 68
Nov-24 561802 35358 710 47 68
Nov-25 568802 360124 716752 48 69
Nov-26 574546 364332 720672 48 69
Nov-27 57893 36952 724824 49 69
Nov-28 582814 377852 729172 5 69
Nov-29 58561 388264 730416 51 7
Nov-30 588422 396364 732412 52 7
Dec-01 591438 407728 735704 52 7
Dec-02 594274 414648 738192 53 7
Dec-03 597002 42232 740312 54 7
Dec-04 601042 427388 743156 55 7
Dec-05 605394 43246 750432 56 7
Dec-06 610078 438292 75839 56 7
Dec-07 617094 447072 763426 57 71
Dec-08 621458 45366 766248 57 71
Dec-09 623962 460588 7684 58 7
Dec-10 63095 46921 771594 59 7
Dec-11 635566 481482 775878 6 71
Dec-12 642502 48885 78275 6 71
Dec-13 649742 499602 78785 6 7
Dec-14 65815 509698 791862 61 71
Dec-15 662126 515178 797586 61 71
Dec-16 667966 522814 80215 61 71
Dec-17 673974 529578 810014 62 71
Dec-18 676898 537354 81391 62 71
Dec-19 680222 544574 815174 62 71
Dec-20 684598 55039 82225 62 71
Dec-21 689722 556622 82803 62 71
Dec-22 697602 560194 832886 62 71
Dec-23 70129 567118 838426 61 71
Dec-24 70669 573266 846136 61 71
Dec-25 708366 58053 848 61 72
Dec-26 710446 588766 852876 61 72
Dec-27 713818 595826 855604 6 72
Dec-28 71879 60375 860756 6 72
Dec-29 727414 610454 864652 6 72
Dec-30 733598 617218 871628 6 72
Dec-31 739248 626332 875934 59 73
Jan-01 743224 635558 87995 59 72
Jan-02 745184 64569 882542 58 73
Jan-03 749496 653898 885678 58 73
Jan-04 753786 664308 88883 58 73
Jan-05 758918 673588 893222 57 74
Jan-06 762998 685356 896982 57 74
Jan-07 766544 6916 901356 56 74
Jan-08 768952 700506 907956 56 75
Jan-09 77438 710522 913684 56 75
Jan-10 781904 718902 919052 55 75
Jan-11 788208 726078 925492 55 75
Jan-12 79456 735638 929744 55 76
Jan-13 800452 74447 93248 55 76
Jan-14 804716 753262 939044 54 76
Jan-15 810692 764854 947368 54 76
Jan-16 815796 773346 95577 54 77
Jan-17 82062 781266 96295 54 77
Jan-18 82456 788226 966778 54 77
Jan-19 829312 79381 969044 54 78
Jan-20 83652 800718 976852 54 78
Jan-21 840784 809782 980462 55 78
Jan-22 84686 815818 984158 55 79
Jan-23 852196 824174 988466 55 79
Jan-24 85726 831706 99199 55 79
Jan-25 866372 83847 100142 55 8
Jan-26 872064 846934 100761 55 8
Jan-27 878372 85433 101541 56 8
Jan-28 883588 85997 101846 56 8
Jan-29 889244 867398 102653 57 81
Jan-30 896468 876534 103566 57 81
Jan-31 90484 883646 10443 57 82
Feb-01 915208 891514 105294 58 82
Feb-02 921476 90037 106103 58 82
Feb-03 927964 909646 106442 59 82
Feb-04 93286 918026 107032 59 82
Feb-05 937408 928946 107763 59 82
Feb-06 94201 937412 108254 6 83
Feb-07 947086 952884 108552 6 83
Feb-08 952246 96228 109098 6 83
Feb-09 955886 968904 109558 6 83
Feb-10 96133 9754 110469 61 83
Feb-11 96697 981996 110991 6 83
Feb-12 969426 992592 111242 6 83
Feb-13 97417 999652 111567 6 83
Feb-14 980506 100768 112062 6 83
Feb-15 985954 101555 112725 6 83
Feb-16 99267 102422 1134 6 83
Feb-17 997258 103353 113994 6 83
Feb-18 100341 104026 114302 59 82
Feb-19 100826 104853 11448 59 82
Feb-20 10135 105757 115195 58 82
Feb-21 101997 106745 115619 58 82
Feb-22 102626 107418 115978 57 82
Feb-23 103088 108182 116461 56 82
Feb-24 103827 108792 117726 55 81
Feb-25 104473 10951 118573 55 81
Feb-26 104847 110097 119134 54 8
Feb-27 105214 110854 119655 53 8
Feb-28 105754 111584 119994 52 79
Mar-01 106131 112306 12051 51 79
Mar-02 106455 11297 12082 5 78
Mar-03 106966 113829 121208 49 78
Mar-04 107273 114705 121571 49 77
Mar-05 107551 115385 122014 48 77
Mar-06 107835 116451 122605 47 76
Mar-07 108221 117131 123162 46 76
Mar-08 108449 117625 123525 45 75
Mar-09 108706 118251 123844 45 75
Mar-10 109109 118828 124456 44 74
Mar-11 109385 119645 124956 43 73
Mar-12 109721 120487 125389 42 73
Mar-13 110119 121134 125913 42 72
Mar-14 110432 122035 126473 41 71
Mar-15 11068 122842 126772 41 7
Mar-16 110909 123543 127254 4 7
Mar-17 111538 124458 127636 4 68
Mar-18 112072 125557 128608 4 68
Mar-19 112325 126969 128885 39 67
Mar-20 112907 127667 129129 39 66
Mar-21 113171 128444 12943 39 65
Mar-22 113633 129037 129641 39 64
Mar-23 113946 129689 130187 38 63
Mar-24 114494 130371 130687 39 62
Mar-25 114798 13106 13116 39 61
Mar-26 115109 131501 131718 39 61
Mar-27 1155 132129 132139 39 6
Mar-28 115791 132728 132677 39 58
Mar-29 116153 133382 133207 39 58
Mar-30 116608 134038 133786 4 57
Mar-31 116879 134388 134263 4 56
Apr-01 117448 13481 135173 4 55
Apr-02 117731 135548 135867 4 54
Apr-03 117943 136158 136402 41 53
Apr-04 118451 136585 137352 41 52
Apr-05 118751 136883 137983 42 51
Apr-06 118931 137352 138669 42 5
Apr-07 119668 137681 139307 42 49
Apr-08 120095 137925 139919 43 48
Apr-09 120417 138207 140221 43 47
Apr-10 120927 138485 140749 44 46
Apr-11 121133 138983 141135 44 45
Apr-12 121383 139608 141819 44 44
Apr-13 122001 14036 142518 45 43
Apr-14 122484 140746 143004 45 42
Apr-15 123102 14132 143888 46 41
Apr-16 123593 141693 144598 46 4
Apr-17 124211 142326 14511 46 39
Apr-18 124985 142663 145816 46 38
Apr-19 125699 143123 146355 46 37
Apr-20 126363 143359 146813 47 36
Apr-21 126625 143631 14718 47 35
Apr-22 126848 143999 147422 47 35
Apr-23 127155 144221 14801 47 34
Apr-24 127786 144374 148823 47 33
Apr-25 128226 144671 149713 47 32
Apr-26 128702 144918 150257 47 31
Apr-27 128934 145129 150715 47 31
Apr-28 12922 145279 151235 47 3
Apr-29 129737 145416 151968 47 29
Apr-30 130073 145645 152481 47 28
May-01 130327 145749 152759 46 27
May-02 130623 145967 153177 46 27
May-03 131046 146091 153532 46 26
May-04 131572 14629 154097 46 25
May-05 131847 146391 154588 46 24
May-06 132538 146643 154808 45 24
May-07 132866 146852 155413 45 23
May-08 13334 146912 15599 45 22
May-09 133673 147045 156414 45 22
May-10 134007 147091 15677 45 21
May-11 134298 147144 157185 44 2
May-12 13464 147175 157683 44 2
May-13 135307 147252 158313 44 19
May-14 135985 147549 158803 44 19
May-15 13632 147685 15911 44 18
May-16 136885 147977 159807 44 17
May-17 137428 148068 160351 44 17
May-18 138029 148179 160972 43 16
May-19 138529 148214 161583 44 15
May-20 139212 148227 162319 44 15
May-21 140112 148465 163037 44 14
May-22 140769 148569 163618 44 14
May-23 141341 148687 164089 44 14
May-24 141704 148804 164369 44 13
May-25 142195 148864 164796 44 12
May-26 142465 148911 165278 44 12
May-27 142872 149025 166129 44 11
May-28 143259 149056 16711 44 11
May-29 143676 149113 167891 44 11
May-30 1442 149161 168626 44 11
May-31 144545 149393 169258 44 1
Jun-01 144785 149493 169409 44 1
Jun-02 144969 149569 169717 45 09
Jun-03 145211 149575 170452 44 09
Jun-04 145532 149647 170986 44 09
Jun-05 146458 14967 171959 45 08
Jun-06 147033 149791 172742 45 08
Jun-07 147535 149896 173169 45 08
Jun-08 147838 149911 173672 45 07
Jun-09 148111 149915 174203 45 07
Jun-10 148302 149975 174903 44 07
Jun-11 148548 149975 175279 44 07
Jun-12 148795 149975 175763 44 07
Jun-13 149169 149975 176279 44 07
Jun-14 149886 149981 176859 44 07
Jun-15 150168 150142 17703 44 06
Jun-16 150462 150186 177623 43 06
Jun-17 150731 15021 178343 43 06
Jun-18 151447 150243 178887 42 06
Jun-19 152109 150247 179668 42 06
Jun-20 152758 150287 179981 41 06
Jun-21 153139 150315 180324 41 06
Jun-22 153321 150421 180658 4 06
Jun-23 153536 150428 181094 4 05
Jun-24 154122 150543 181596 39 05
Jun-25 154487 15062 181875 38 06
Jun-26 154764 150696 182241 38 06
Jun-27 15517 150702 182588 37 06
Jun-28 155453 15071 182874 36 05
Jun-29 155786 150817 183159 36 05
Jun-30 15612 150901 183853 35 06
Jul-01 Jul-01
Jul-02 Jul-02
Jul-03 Jul-03
Jul-04 Jul-04
Jul-05 Jul-05
Jul-06 Jul-06
Jul-07 Jul-07
Jul-08 Jul-08
Jul-09 Jul-09
Jul-10 Jul-10
Jul-11 Jul-11
Jul-12 Jul-12
Jul-13 Jul-13
Jul-14 Jul-14
Jul-15 Jul-15
Jul-16 Jul-16
Jul-17 Jul-17
Jul-18 Jul-18
Jul-19 Jul-19
Jul-20 Jul-20
Jul-21 Jul-21
Jul-22 Jul-22
Jul-23 Jul-23
Jul-24 Jul-24
Jul-25 Jul-25
Jul-26 Jul-26
Jul-27 Jul-27
Jul-28 Jul-28
Jul-29 Jul-29
Jul-30 Jul-30
Jul-31 Jul-31
Aug-01 Aug-01
Aug-02 Aug-02
Aug-03 Aug-03
Aug-04 Aug-04
Aug-05 Aug-05
Aug-06 Aug-06
Aug-07 Aug-07
Aug-08 Aug-08
Aug-09 Aug-09
Aug-10 Aug-10
Aug-11 Aug-11
Aug-12 Aug-12
Aug-13 Aug-13
Aug-14 Aug-14
Aug-15 Aug-15
Aug-16 Aug-16
Aug-17 Aug-17
Aug-18 Aug-18
Aug-19 Aug-19
Aug-20 Aug-20
Aug-21 Aug-21
Aug-22 Aug-22
Aug-23 Aug-23
Aug-24 Aug-24
Aug-25 Aug-25
Aug-26 Aug-26
Aug-27 Aug-27
Aug-28 Aug-28
Aug-29 Aug-29
Aug-30 Aug-30
Aug-31 Aug-31
Sep-01 Sep-01
Sep-02 Sep-02
Sep-03 Sep-03
Sep-04 Sep-04
Sep-05 Sep-05
Sep-06 Sep-06
Sep-07 Sep-07
Sep-08 Sep-08
Sep-09 Sep-09
Sep-10 Sep-10
Sep-11 Sep-11
Sep-12 Sep-12
Sep-13 Sep-13
Sep-14 Sep-14
Sep-15 Sep-15
Sep-16 Sep-16
Sep-17 Sep-17
Sep-18 Sep-18
Sep-19 Sep-19
Sep-20 Sep-20
Sep-21 Sep-21
Sep-22 Sep-22
Sep-23 Sep-23
Sep-24 Sep-24
Sep-25 Sep-25
Sep-26 Sep-26
Sep-27 Sep-27
Sep-28 Sep-28
Sep-29 Sep-29
Sep-30 Sep-30
Oct-01 Oct-01
Oct-02 Oct-02
Oct-03 Oct-03
Oct-04 Oct-04
Oct-05 Oct-05
Oct-06 Oct-06
Oct-07 Oct-07
Oct-08 Oct-08
Oct-09 Oct-09
Oct-10 Oct-10
Oct-11 Oct-11
Oct-12 Oct-12
Oct-13 Oct-13
Oct-14 Oct-14
Oct-15 Oct-15
Oct-16 Oct-16
Oct-17 Oct-17
Oct-18 Oct-18
Oct-19 Oct-19
Oct-20 Oct-20
Oct-21 Oct-21
Oct-22 Oct-22
Oct-23 Oct-23
Oct-24 Oct-24
Oct-25 Oct-25
Oct-26 Oct-26
Oct-27 Oct-27
Oct-28 Oct-28
Oct-29 Oct-29
Oct-30 Oct-30
Oct-31 Oct-31
Nov-01 Nov-01
Nov-02 Nov-02
Nov-03 Nov-03
Nov-04 Nov-04
Nov-05 Nov-05
Nov-06 Nov-06
Nov-07 Nov-07
Nov-08 Nov-08
Nov-09 Nov-09
Nov-10 Nov-10
Nov-11 Nov-11
Nov-12 Nov-12
Nov-13 Nov-13
Nov-14 Nov-14
Nov-15 Nov-15
Nov-16 Nov-16
Nov-17 Nov-17
Nov-18 Nov-18
Nov-19 Nov-19
Nov-20 Nov-20
Nov-21 Nov-21
Nov-22 Nov-22
Nov-23 Nov-23
Nov-24 Nov-24
Nov-25 Nov-25
Nov-26 Nov-26
Nov-27 Nov-27
Nov-28 Nov-28
Nov-29 Nov-29
Nov-30 Nov-30
Dec-01 Dec-01
Dec-02 Dec-02
Dec-03 Dec-03
Dec-04 Dec-04
Dec-05 Dec-05
Dec-06 Dec-06
Dec-07 Dec-07
Dec-08 Dec-08
Dec-09 Dec-09
Dec-10 Dec-10
Dec-11 Dec-11
Dec-12 Dec-12
Dec-13 Dec-13
Dec-14 Dec-14
Dec-15 Dec-15
Dec-16 Dec-16
Dec-17 Dec-17
Dec-18 Dec-18
Dec-19 Dec-19
Dec-20 Dec-20
Dec-21 Dec-21
Dec-22 Dec-22
Dec-23 Dec-23
Dec-24 Dec-24
Dec-25 Dec-25
Dec-26 Dec-26
Dec-27 Dec-27
Dec-28 Dec-28
Dec-29 Dec-29
Dec-30 Dec-30
Dec-31 Dec-31
Jan-01 Jan-01
Jan-02 Jan-02
Jan-03 Jan-03
Jan-04 Jan-04
Jan-05 Jan-05
Jan-06 Jan-06
Jan-07 Jan-07
Jan-08 Jan-08
Jan-09 Jan-09
Jan-10 Jan-10
Jan-11 Jan-11
Jan-12 Jan-12
Jan-13 Jan-13
Jan-14 Jan-14
Jan-15 Jan-15
Jan-16 Jan-16
Jan-17 Jan-17
Jan-18 Jan-18
Jan-19 Jan-19
Jan-20 Jan-20
Jan-21 Jan-21
Jan-22 Jan-22
Jan-23 Jan-23
Jan-24 Jan-24
Jan-25 Jan-25
Jan-26 Jan-26
Jan-27 Jan-27
Jan-28 Jan-28
Jan-29 Jan-29
Jan-30 Jan-30
Jan-31 Jan-31
Feb-01 Feb-01
Feb-02 Feb-02
Feb-03 Feb-03
Feb-04 Feb-04
Feb-05 Feb-05
Feb-06 Feb-06
Feb-07 Feb-07
Feb-08 Feb-08
Feb-09 Feb-09
Feb-10 Feb-10
Feb-11 Feb-11
Feb-12 Feb-12
Feb-13 Feb-13
Feb-14 Feb-14
Feb-15 Feb-15
Feb-16 Feb-16
Feb-17 Feb-17
Feb-18 Feb-18
Feb-19 Feb-19
Feb-20 Feb-20
Feb-21 Feb-21
Feb-22 Feb-22
Feb-23 Feb-23
Feb-24 Feb-24
Feb-25 Feb-25
Feb-26 Feb-26
Feb-27 Feb-27
Feb-28 Feb-28
Mar-01 Mar-01
Mar-02 Mar-02
Mar-03 Mar-03
Mar-04 Mar-04
Mar-05 Mar-05
Mar-06 Mar-06
Mar-07 Mar-07
Mar-08 Mar-08
Mar-09 Mar-09
Mar-10 Mar-10
Mar-11 Mar-11
Mar-12 Mar-12
Mar-13 Mar-13
Mar-14 Mar-14
Mar-15 Mar-15
Mar-16 Mar-16
Mar-17 Mar-17
Mar-18 Mar-18
Mar-19 Mar-19
Mar-20 Mar-20
Mar-21 Mar-21
Mar-22 Mar-22
Mar-23 Mar-23
Mar-24 Mar-24
Mar-25 Mar-25
Mar-26 Mar-26
Mar-27 Mar-27
Mar-28 Mar-28
Mar-29 Mar-29
Mar-30 Mar-30
Mar-31 Mar-31
Apr-01 Apr-01
Apr-02 Apr-02
Apr-03 Apr-03
Apr-04 Apr-04
Apr-05 Apr-05
Apr-06 Apr-06
Apr-07 Apr-07
Apr-08 Apr-08
Apr-09 Apr-09
Apr-10 Apr-10
Apr-11 Apr-11
Apr-12 Apr-12
Apr-13 Apr-13
Apr-14 Apr-14
Apr-15 Apr-15
Apr-16 Apr-16
Apr-17 Apr-17
Apr-18 Apr-18
Apr-19 Apr-19
Apr-20 Apr-20
Apr-21 Apr-21
Apr-22 Apr-22
Apr-23 Apr-23
Apr-24 Apr-24
Apr-25 Apr-25
Apr-26 Apr-26
Apr-27 Apr-27
Apr-28 Apr-28
Apr-29 Apr-29
Apr-30 Apr-30
May-01 May-01
May-02 May-02
May-03 May-03
May-04 May-04
May-05 May-05
May-06 May-06
May-07 May-07
May-08 May-08
May-09 May-09
May-10 May-10
May-11 May-11
May-12 May-12
May-13 May-13
May-14 May-14
May-15 May-15
May-16 May-16
May-17 May-17
May-18 May-18
May-19 May-19
May-20 May-20
May-21 May-21
May-22 May-22
May-23 May-23
May-24 May-24
May-25 May-25
May-26 May-26
May-27 May-27
May-28 May-28
May-29 May-29
May-30 May-30
May-31 May-31
Jun-01 Jun-01
Jun-02 Jun-02
Jun-03 Jun-03
Jun-04 Jun-04
Jun-05 Jun-05
Jun-06 Jun-06
Jun-07 Jun-07
Jun-08 Jun-08
Jun-09 Jun-09
Jun-10 Jun-10
Jun-11 Jun-11
Jun-12 Jun-12
Jun-13 Jun-13
Jun-14 Jun-14
Jun-15 Jun-15
Jun-16 Jun-16
Jun-17 Jun-17
Jun-18 Jun-18
Jun-19 Jun-19
Jun-20 Jun-20
Jun-21 Jun-21
Jun-22 Jun-22
Jun-23 Jun-23
Jun-24 Jun-24
Jun-25 Jun-25
Jun-26 Jun-26
Jun-27 Jun-27
Jun-28 Jun-28
Jun-29 Jun-29
Jun-30 Jun-30
Page 14: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

Mato Grosso corn is the record earliest planted 96 of 2nd-crop corn has been planted

Rapid soybean harvest allowed for early planting of corn in Mato Grosso

Mato Grosso CornPercent Planted

Source Safras e MercadoPeriod Ending (Approximate Date)

Source IMEA Source IMEA

Perc

ent

Perc

ent

Period Ending (Approximate Date)

Mato Grosso SoybeansPercent Harvested

March 8 2019

Brazil Normal Daily Rainfall (mm)

0123456789

Jul

-01

Jul

-23

Aug

-14

Sep

-05

Sep

-27

Oct

-19

Nov

-10

Dec

-02

Dec

-24

Jan

-15

Feb

-06

Feb

-28

Mar

-22

Apr

-13

May

-05

May

-27

Jun

-18

Parana MT

Early March

Mato Grosso

Parana

Agricultural Weather AssessmentsWorld Agricultural Outlook Board March 8 2019

Chart4

Parana
MT
Brazil Normal Daily Rainfall (mm)
34
05
33
05
33
05
32
05
31
06
3
05
3
05
29
05
28
05
28
05
27
05
27
05
26
05
25
05
25
05
24
05
24
05
24
05
23
05
23
05
23
05
23
05
23
05
22
05
22
05
22
05
22
05
22
05
22
05
22
05
23
05
23
05
23
05
23
05
23
06
23
06
24
05
24
05
24
05
24
06
25
06
25
06
25
06
25
06
26
07
26
07
27
08
27
08
27
08
28
08
28
09
28
09
29
09
29
1
29
1
3
11
3
11
3
12
31
12
31
13
32
13
32
13
33
14
33
14
34
15
34
16
35
16
36
17
37
17
37
18
38
18
39
19
39
2
4
2
41
21
42
22
43
22
44
22
45
23
46
24
47
24
48
25
48
26
49
26
5
27
51
28
52
28
53
29
53
29
54
3
55
31
56
31
56
32
57
33
57
33
58
34
58
35
58
36
59
36
59
37
59
38
59
38
59
39
59
4
59
41
59
41
58
42
58
43
58
44
57
45
57
45
56
46
56
47
55
48
55
48
54
49
53
5
52
51
52
52
51
52
5
53
49
54
49
55
48
55
47
56
47
57
46
58
46
59
45
59
45
6
44
61
44
61
44
62
44
62
43
63
43
64
43
64
43
65
43
65
44
66
44
66
44
66
45
67
45
68
46
68
46
68
47
68
48
69
48
69
49
69
5
69
51
7
52
7
52
7
53
7
54
7
55
7
56
7
56
7
57
71
57
71
58
7
59
7
6
71
6
71
6
7
61
71
61
71
61
71
62
71
62
71
62
71
62
71
62
71
62
71
61
71
61
71
61
72
61
72
6
72
6
72
6
72
6
72
59
73
59
72
58
73
58
73
58
73
57
74
57
74
56
74
56
75
56
75
55
75
55
75
55
76
55
76
54
76
54
76
54
77
54
77
54
77
54
78
54
78
55
78
55
79
55
79
55
79
55
8
55
8
56
8
56
8
57
81
57
81
57
82
58
82
58
82
59
82
59
82
59
82
6
83
6
83
6
83
6
83
61
83
6
83
6
83
6
83
6
83
6
83
6
83
6
83
59
82
59
82
58
82
58
82
57
82
56
82
55
81
55
81
54
8
53
8
52
79
51
79
5
78
49
78
49
77
48
77
47
76
46
76
45
75
45
75
44
74
43
73
42
73
42
72
41
71
41
7
4
7
4
68
4
68
39
67
39
66
39
65
39
64
38
63
39
62
39
61
39
61
39
6
39
58
39
58
4
57
4
56
4
55
4
54
41
53
41
52
42
51
42
5
42
49
43
48
43
47
44
46
44
45
44
44
45
43
45
42
46
41
46
4
46
39
46
38
46
37
47
36
47
35
47
35
47
34
47
33
47
32
47
31
47
31
47
3
47
29
47
28
46
27
46
27
46
26
46
25
46
24
45
24
45
23
45
22
45
22
45
21
44
2
44
2
44
19
44
19
44
18
44
17
44
17
43
16
44
15
44
15
44
14
44
14
44
14
44
13
44
12
44
12
44
11
44
11
44
11
44
11
44
1
44
1
45
09
44
09
44
09
45
08
45
08
45
08
45
07
45
07
44
07
44
07
44
07
44
07
44
07
44
06
43
06
43
06
42
06
42
06
41
06
41
06
4
06
4
05
39
05
38
06
38
06
37
06
36
05
36
05
35
06

Rainfall normals

Rainfall normals

Parana
MT
Brazil Normal Daily Rainfall (mm)

Sheet2

Sheet3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Cumulative Daily
Parana MT RGDS Parana MT
Jul-01 2764 0 7088 34 05
Jul-02 5128 0 12232 33 05
Jul-03 86 0952 18532 33 05
Jul-04 11196 2116 21512 32 05
Jul-05 12908 214 25204 31 06
Jul-06 15308 246 31972 3 05
Jul-07 19736 246 38674 3 05
Jul-08 23852 2464 4448 29 05
Jul-09 29252 3412 5054 28 05
Jul-10 32968 3748 55088 28 05
Jul-11 352 384 60272 27 05
Jul-12 37316 392 61724 27 05
Jul-13 38576 3932 62328 26 05
Jul-14 38684 396 63566 25 05
Jul-15 39676 3976 66248 25 05
Jul-16 44864 3976 72016 24 05
Jul-17 4847 3976 76014 24 05
Jul-18 5265 4128 80946 24 05
Jul-19 56222 4228 86874 23 05
Jul-20 58754 456 92074 23 05
Jul-21 62098 4616 95112 23 05
Jul-22 63482 47 98508 23 05
Jul-23 66322 6736 10102 23 05
Jul-24 66826 6868 102116 22 05
Jul-25 68194 7008 104668 22 05
Jul-26 69974 7432 10911 22 05
Jul-27 72834 7488 113962 22 05
Jul-28 75074 7568 118294 22 05
Jul-29 76562 7608 124178 22 05
Jul-30 78202 7628 129238 22 05
Jul-31 80654 8448 135082 23 05
Aug-01 84138 9236 140582 23 05
Aug-02 86938 9384 144806 23 05
Aug-03 88686 9452 150098 23 05
Aug-04 90358 996 155774 23 06
Aug-05 92794 11416 158934 23 06
Aug-06 9575 12692 162478 24 05
Aug-07 98422 127 167014 24 05
Aug-08 100086 12704 170066 24 05
Aug-09 102978 12704 177274 24 06
Aug-10 105066 1304 180992 25 06
Aug-11 106538 1312 18366 25 06
Aug-12 108098 13508 185076 25 06
Aug-13 108986 13644 186364 25 06
Aug-14 111482 13908 18984 26 07
Aug-15 11377 15204 195176 26 07
Aug-16 117674 1592 201236 27 08
Aug-17 11985 1596 20416 27 08
Aug-18 123498 16052 208836 27 08
Aug-19 12841 1614 211548 28 08
Aug-20 13183 16564 21698 28 09
Aug-21 135826 17052 221748 28 09
Aug-22 138234 17196 223168 29 09
Aug-23 139438 18948 225216 29 1
Aug-24 14061 19588 228608 29 1
Aug-25 143082 21084 231288 3 11
Aug-26 144454 22012 235172 3 11
Aug-27 149278 22012 238864 3 12
Aug-28 15179 22856 24076 31 12
Aug-29 153774 24556 243712 31 13
Aug-30 154746 25356 246228 32 13
Aug-31 158766 26432 251112 32 13
Sep-01 161398 28168 255196 33 14
Sep-02 16531 30132 257996 33 14
Sep-03 167078 30308 259736 34 15
Sep-04 17003 30388 263592 34 16
Sep-05 173546 30768 26666 35 16
Sep-06 175398 3148 268684 36 17
Sep-07 181814 3268 272 37 17
Sep-08 187614 36846 277494 37 18
Sep-09 191406 38834 281182 38 18
Sep-10 192502 4009 284174 39 19
Sep-11 193486 41462 292254 39 2
Sep-12 199146 42282 302174 4 2
Sep-13 205058 44022 308424 41 21
Sep-14 211134 45642 31666 42 22
Sep-15 218042 4695 325528 43 22
Sep-16 221954 49078 330032 44 22
Sep-17 224018 49926 332248 45 23
Sep-18 228086 50494 340216 46 24
Sep-19 232194 53954 34878 47 24
Sep-20 23891 54818 355518 48 25
Sep-21 240914 56926 361376 48 26
Sep-22 244254 58866 365848 49 26
Sep-23 248926 60538 37564 5 27
Sep-24 256398 6307 389776 51 28
Sep-25 26425 65454 395308 52 28
Sep-26 268946 69902 40004 53 29
Sep-27 27237 70662 4038 53 29
Sep-28 277442 72082 407884 54 3
Sep-29 284522 76594 413128 55 31
Sep-30 290042 81582 418636 56 31
Oct-01 299106 84374 427364 56 32
Oct-02 305186 8773 431952 57 33
Oct-03 308186 89546 436956 57 33
Oct-04 31191 94862 442232 58 34
Oct-05 315982 9665 452052 58 35
Oct-06 322018 100354 4593 58 36
Oct-07 32445 103338 461674 59 36
Oct-08 330414 10633 46959 59 37
Oct-09 33641 10839 478896 59 38
Oct-10 342482 112878 4864 59 38
Oct-11 349454 115038 49178 59 39
Oct-12 35571 11893 498376 59 4
Oct-13 362234 123062 50792 59 41
Oct-14 367638 126802 513484 59 41
Oct-15 369866 129274 519524 58 42
Oct-16 375386 13339 528236 58 43
Oct-17 383966 13761 539512 58 44
Oct-18 388114 141006 54398 57 45
Oct-19 39491 146666 547548 57 45
Oct-20 401666 150358 554624 56 46
Oct-21 406878 153806 560316 56 47
Oct-22 411594 157198 563256 55 48
Oct-23 414694 163434 566624 55 48
Oct-24 41811 168974 571808 54 49
Oct-25 424658 173138 577804 53 5
Oct-26 433038 178442 585308 52 51
Oct-27 442146 18707 5891 52 52
Oct-28 444998 192174 592184 51 52
Oct-29 447778 195098 59562 5 53
Oct-30 449114 202238 599922 49 54
Oct-31 453102 207962 606102 49 55
Nov-01 460738 21235 611414 48 55
Nov-02 46535 217874 616194 47 56
Nov-03 471222 224532 620408 47 57
Nov-04 47721 229184 626328 46 58
Nov-05 481826 236736 63376 46 59
Nov-06 490546 240048 643056 45 59
Nov-07 493758 244132 645724 45 6
Nov-08 49723 248816 650184 44 61
Nov-09 500526 255364 654412 44 61
Nov-10 505182 26546 65976 44 62
Nov-11 509178 271336 664348 44 62
Nov-12 513334 276676 66896 43 63
Nov-13 519854 282156 675124 43 64
Nov-14 52521 28843 678284 43 64
Nov-15 53069 292758 680652 43 65
Nov-16 533158 304166 684364 43 65
Nov-17 537386 30969 68864 44 66
Nov-18 54063 31615 693612 44 66
Nov-19 54451 320838 697756 44 66
Nov-20 548162 331762 699288 45 67
Nov-21 552446 337868 702032 45 68
Nov-22 556582 343624 703216 46 68
Nov-23 558166 35038 706056 46 68
Nov-24 561802 35358 710 47 68
Nov-25 568802 360124 716752 48 69
Nov-26 574546 364332 720672 48 69
Nov-27 57893 36952 724824 49 69
Nov-28 582814 377852 729172 5 69
Nov-29 58561 388264 730416 51 7
Nov-30 588422 396364 732412 52 7
Dec-01 591438 407728 735704 52 7
Dec-02 594274 414648 738192 53 7
Dec-03 597002 42232 740312 54 7
Dec-04 601042 427388 743156 55 7
Dec-05 605394 43246 750432 56 7
Dec-06 610078 438292 75839 56 7
Dec-07 617094 447072 763426 57 71
Dec-08 621458 45366 766248 57 71
Dec-09 623962 460588 7684 58 7
Dec-10 63095 46921 771594 59 7
Dec-11 635566 481482 775878 6 71
Dec-12 642502 48885 78275 6 71
Dec-13 649742 499602 78785 6 7
Dec-14 65815 509698 791862 61 71
Dec-15 662126 515178 797586 61 71
Dec-16 667966 522814 80215 61 71
Dec-17 673974 529578 810014 62 71
Dec-18 676898 537354 81391 62 71
Dec-19 680222 544574 815174 62 71
Dec-20 684598 55039 82225 62 71
Dec-21 689722 556622 82803 62 71
Dec-22 697602 560194 832886 62 71
Dec-23 70129 567118 838426 61 71
Dec-24 70669 573266 846136 61 71
Dec-25 708366 58053 848 61 72
Dec-26 710446 588766 852876 61 72
Dec-27 713818 595826 855604 6 72
Dec-28 71879 60375 860756 6 72
Dec-29 727414 610454 864652 6 72
Dec-30 733598 617218 871628 6 72
Dec-31 739248 626332 875934 59 73
Jan-01 743224 635558 87995 59 72
Jan-02 745184 64569 882542 58 73
Jan-03 749496 653898 885678 58 73
Jan-04 753786 664308 88883 58 73
Jan-05 758918 673588 893222 57 74
Jan-06 762998 685356 896982 57 74
Jan-07 766544 6916 901356 56 74
Jan-08 768952 700506 907956 56 75
Jan-09 77438 710522 913684 56 75
Jan-10 781904 718902 919052 55 75
Jan-11 788208 726078 925492 55 75
Jan-12 79456 735638 929744 55 76
Jan-13 800452 74447 93248 55 76
Jan-14 804716 753262 939044 54 76
Jan-15 810692 764854 947368 54 76
Jan-16 815796 773346 95577 54 77
Jan-17 82062 781266 96295 54 77
Jan-18 82456 788226 966778 54 77
Jan-19 829312 79381 969044 54 78
Jan-20 83652 800718 976852 54 78
Jan-21 840784 809782 980462 55 78
Jan-22 84686 815818 984158 55 79
Jan-23 852196 824174 988466 55 79
Jan-24 85726 831706 99199 55 79
Jan-25 866372 83847 100142 55 8
Jan-26 872064 846934 100761 55 8
Jan-27 878372 85433 101541 56 8
Jan-28 883588 85997 101846 56 8
Jan-29 889244 867398 102653 57 81
Jan-30 896468 876534 103566 57 81
Jan-31 90484 883646 10443 57 82
Feb-01 915208 891514 105294 58 82
Feb-02 921476 90037 106103 58 82
Feb-03 927964 909646 106442 59 82
Feb-04 93286 918026 107032 59 82
Feb-05 937408 928946 107763 59 82
Feb-06 94201 937412 108254 6 83
Feb-07 947086 952884 108552 6 83
Feb-08 952246 96228 109098 6 83
Feb-09 955886 968904 109558 6 83
Feb-10 96133 9754 110469 61 83
Feb-11 96697 981996 110991 6 83
Feb-12 969426 992592 111242 6 83
Feb-13 97417 999652 111567 6 83
Feb-14 980506 100768 112062 6 83
Feb-15 985954 101555 112725 6 83
Feb-16 99267 102422 1134 6 83
Feb-17 997258 103353 113994 6 83
Feb-18 100341 104026 114302 59 82
Feb-19 100826 104853 11448 59 82
Feb-20 10135 105757 115195 58 82
Feb-21 101997 106745 115619 58 82
Feb-22 102626 107418 115978 57 82
Feb-23 103088 108182 116461 56 82
Feb-24 103827 108792 117726 55 81
Feb-25 104473 10951 118573 55 81
Feb-26 104847 110097 119134 54 8
Feb-27 105214 110854 119655 53 8
Feb-28 105754 111584 119994 52 79
Mar-01 106131 112306 12051 51 79
Mar-02 106455 11297 12082 5 78
Mar-03 106966 113829 121208 49 78
Mar-04 107273 114705 121571 49 77
Mar-05 107551 115385 122014 48 77
Mar-06 107835 116451 122605 47 76
Mar-07 108221 117131 123162 46 76
Mar-08 108449 117625 123525 45 75
Mar-09 108706 118251 123844 45 75
Mar-10 109109 118828 124456 44 74
Mar-11 109385 119645 124956 43 73
Mar-12 109721 120487 125389 42 73
Mar-13 110119 121134 125913 42 72
Mar-14 110432 122035 126473 41 71
Mar-15 11068 122842 126772 41 7
Mar-16 110909 123543 127254 4 7
Mar-17 111538 124458 127636 4 68
Mar-18 112072 125557 128608 4 68
Mar-19 112325 126969 128885 39 67
Mar-20 112907 127667 129129 39 66
Mar-21 113171 128444 12943 39 65
Mar-22 113633 129037 129641 39 64
Mar-23 113946 129689 130187 38 63
Mar-24 114494 130371 130687 39 62
Mar-25 114798 13106 13116 39 61
Mar-26 115109 131501 131718 39 61
Mar-27 1155 132129 132139 39 6
Mar-28 115791 132728 132677 39 58
Mar-29 116153 133382 133207 39 58
Mar-30 116608 134038 133786 4 57
Mar-31 116879 134388 134263 4 56
Apr-01 117448 13481 135173 4 55
Apr-02 117731 135548 135867 4 54
Apr-03 117943 136158 136402 41 53
Apr-04 118451 136585 137352 41 52
Apr-05 118751 136883 137983 42 51
Apr-06 118931 137352 138669 42 5
Apr-07 119668 137681 139307 42 49
Apr-08 120095 137925 139919 43 48
Apr-09 120417 138207 140221 43 47
Apr-10 120927 138485 140749 44 46
Apr-11 121133 138983 141135 44 45
Apr-12 121383 139608 141819 44 44
Apr-13 122001 14036 142518 45 43
Apr-14 122484 140746 143004 45 42
Apr-15 123102 14132 143888 46 41
Apr-16 123593 141693 144598 46 4
Apr-17 124211 142326 14511 46 39
Apr-18 124985 142663 145816 46 38
Apr-19 125699 143123 146355 46 37
Apr-20 126363 143359 146813 47 36
Apr-21 126625 143631 14718 47 35
Apr-22 126848 143999 147422 47 35
Apr-23 127155 144221 14801 47 34
Apr-24 127786 144374 148823 47 33
Apr-25 128226 144671 149713 47 32
Apr-26 128702 144918 150257 47 31
Apr-27 128934 145129 150715 47 31
Apr-28 12922 145279 151235 47 3
Apr-29 129737 145416 151968 47 29
Apr-30 130073 145645 152481 47 28
May-01 130327 145749 152759 46 27
May-02 130623 145967 153177 46 27
May-03 131046 146091 153532 46 26
May-04 131572 14629 154097 46 25
May-05 131847 146391 154588 46 24
May-06 132538 146643 154808 45 24
May-07 132866 146852 155413 45 23
May-08 13334 146912 15599 45 22
May-09 133673 147045 156414 45 22
May-10 134007 147091 15677 45 21
May-11 134298 147144 157185 44 2
May-12 13464 147175 157683 44 2
May-13 135307 147252 158313 44 19
May-14 135985 147549 158803 44 19
May-15 13632 147685 15911 44 18
May-16 136885 147977 159807 44 17
May-17 137428 148068 160351 44 17
May-18 138029 148179 160972 43 16
May-19 138529 148214 161583 44 15
May-20 139212 148227 162319 44 15
May-21 140112 148465 163037 44 14
May-22 140769 148569 163618 44 14
May-23 141341 148687 164089 44 14
May-24 141704 148804 164369 44 13
May-25 142195 148864 164796 44 12
May-26 142465 148911 165278 44 12
May-27 142872 149025 166129 44 11
May-28 143259 149056 16711 44 11
May-29 143676 149113 167891 44 11
May-30 1442 149161 168626 44 11
May-31 144545 149393 169258 44 1
Jun-01 144785 149493 169409 44 1
Jun-02 144969 149569 169717 45 09
Jun-03 145211 149575 170452 44 09
Jun-04 145532 149647 170986 44 09
Jun-05 146458 14967 171959 45 08
Jun-06 147033 149791 172742 45 08
Jun-07 147535 149896 173169 45 08
Jun-08 147838 149911 173672 45 07
Jun-09 148111 149915 174203 45 07
Jun-10 148302 149975 174903 44 07
Jun-11 148548 149975 175279 44 07
Jun-12 148795 149975 175763 44 07
Jun-13 149169 149975 176279 44 07
Jun-14 149886 149981 176859 44 07
Jun-15 150168 150142 17703 44 06
Jun-16 150462 150186 177623 43 06
Jun-17 150731 15021 178343 43 06
Jun-18 151447 150243 178887 42 06
Jun-19 152109 150247 179668 42 06
Jun-20 152758 150287 179981 41 06
Jun-21 153139 150315 180324 41 06
Jun-22 153321 150421 180658 4 06
Jun-23 153536 150428 181094 4 05
Jun-24 154122 150543 181596 39 05
Jun-25 154487 15062 181875 38 06
Jun-26 154764 150696 182241 38 06
Jun-27 15517 150702 182588 37 06
Jun-28 155453 15071 182874 36 05
Jun-29 155786 150817 183159 36 05
Jun-30 15612 150901 183853 35 06
Jul-01 Jul-01
Jul-02 Jul-02
Jul-03 Jul-03
Jul-04 Jul-04
Jul-05 Jul-05
Jul-06 Jul-06
Jul-07 Jul-07
Jul-08 Jul-08
Jul-09 Jul-09
Jul-10 Jul-10
Jul-11 Jul-11
Jul-12 Jul-12
Jul-13 Jul-13
Jul-14 Jul-14
Jul-15 Jul-15
Jul-16 Jul-16
Jul-17 Jul-17
Jul-18 Jul-18
Jul-19 Jul-19
Jul-20 Jul-20
Jul-21 Jul-21
Jul-22 Jul-22
Jul-23 Jul-23
Jul-24 Jul-24
Jul-25 Jul-25
Jul-26 Jul-26
Jul-27 Jul-27
Jul-28 Jul-28
Jul-29 Jul-29
Jul-30 Jul-30
Jul-31 Jul-31
Aug-01 Aug-01
Aug-02 Aug-02
Aug-03 Aug-03
Aug-04 Aug-04
Aug-05 Aug-05
Aug-06 Aug-06
Aug-07 Aug-07
Aug-08 Aug-08
Aug-09 Aug-09
Aug-10 Aug-10
Aug-11 Aug-11
Aug-12 Aug-12
Aug-13 Aug-13
Aug-14 Aug-14
Aug-15 Aug-15
Aug-16 Aug-16
Aug-17 Aug-17
Aug-18 Aug-18
Aug-19 Aug-19
Aug-20 Aug-20
Aug-21 Aug-21
Aug-22 Aug-22
Aug-23 Aug-23
Aug-24 Aug-24
Aug-25 Aug-25
Aug-26 Aug-26
Aug-27 Aug-27
Aug-28 Aug-28
Aug-29 Aug-29
Aug-30 Aug-30
Aug-31 Aug-31
Sep-01 Sep-01
Sep-02 Sep-02
Sep-03 Sep-03
Sep-04 Sep-04
Sep-05 Sep-05
Sep-06 Sep-06
Sep-07 Sep-07
Sep-08 Sep-08
Sep-09 Sep-09
Sep-10 Sep-10
Sep-11 Sep-11
Sep-12 Sep-12
Sep-13 Sep-13
Sep-14 Sep-14
Sep-15 Sep-15
Sep-16 Sep-16
Sep-17 Sep-17
Sep-18 Sep-18
Sep-19 Sep-19
Sep-20 Sep-20
Sep-21 Sep-21
Sep-22 Sep-22
Sep-23 Sep-23
Sep-24 Sep-24
Sep-25 Sep-25
Sep-26 Sep-26
Sep-27 Sep-27
Sep-28 Sep-28
Sep-29 Sep-29
Sep-30 Sep-30
Oct-01 Oct-01
Oct-02 Oct-02
Oct-03 Oct-03
Oct-04 Oct-04
Oct-05 Oct-05
Oct-06 Oct-06
Oct-07 Oct-07
Oct-08 Oct-08
Oct-09 Oct-09
Oct-10 Oct-10
Oct-11 Oct-11
Oct-12 Oct-12
Oct-13 Oct-13
Oct-14 Oct-14
Oct-15 Oct-15
Oct-16 Oct-16
Oct-17 Oct-17
Oct-18 Oct-18
Oct-19 Oct-19
Oct-20 Oct-20
Oct-21 Oct-21
Oct-22 Oct-22
Oct-23 Oct-23
Oct-24 Oct-24
Oct-25 Oct-25
Oct-26 Oct-26
Oct-27 Oct-27
Oct-28 Oct-28
Oct-29 Oct-29
Oct-30 Oct-30
Oct-31 Oct-31
Nov-01 Nov-01
Nov-02 Nov-02
Nov-03 Nov-03
Nov-04 Nov-04
Nov-05 Nov-05
Nov-06 Nov-06
Nov-07 Nov-07
Nov-08 Nov-08
Nov-09 Nov-09
Nov-10 Nov-10
Nov-11 Nov-11
Nov-12 Nov-12
Nov-13 Nov-13
Nov-14 Nov-14
Nov-15 Nov-15
Nov-16 Nov-16
Nov-17 Nov-17
Nov-18 Nov-18
Nov-19 Nov-19
Nov-20 Nov-20
Nov-21 Nov-21
Nov-22 Nov-22
Nov-23 Nov-23
Nov-24 Nov-24
Nov-25 Nov-25
Nov-26 Nov-26
Nov-27 Nov-27
Nov-28 Nov-28
Nov-29 Nov-29
Nov-30 Nov-30
Dec-01 Dec-01
Dec-02 Dec-02
Dec-03 Dec-03
Dec-04 Dec-04
Dec-05 Dec-05
Dec-06 Dec-06
Dec-07 Dec-07
Dec-08 Dec-08
Dec-09 Dec-09
Dec-10 Dec-10
Dec-11 Dec-11
Dec-12 Dec-12
Dec-13 Dec-13
Dec-14 Dec-14
Dec-15 Dec-15
Dec-16 Dec-16
Dec-17 Dec-17
Dec-18 Dec-18
Dec-19 Dec-19
Dec-20 Dec-20
Dec-21 Dec-21
Dec-22 Dec-22
Dec-23 Dec-23
Dec-24 Dec-24
Dec-25 Dec-25
Dec-26 Dec-26
Dec-27 Dec-27
Dec-28 Dec-28
Dec-29 Dec-29
Dec-30 Dec-30
Dec-31 Dec-31
Jan-01 Jan-01
Jan-02 Jan-02
Jan-03 Jan-03
Jan-04 Jan-04
Jan-05 Jan-05
Jan-06 Jan-06
Jan-07 Jan-07
Jan-08 Jan-08
Jan-09 Jan-09
Jan-10 Jan-10
Jan-11 Jan-11
Jan-12 Jan-12
Jan-13 Jan-13
Jan-14 Jan-14
Jan-15 Jan-15
Jan-16 Jan-16
Jan-17 Jan-17
Jan-18 Jan-18
Jan-19 Jan-19
Jan-20 Jan-20
Jan-21 Jan-21
Jan-22 Jan-22
Jan-23 Jan-23
Jan-24 Jan-24
Jan-25 Jan-25
Jan-26 Jan-26
Jan-27 Jan-27
Jan-28 Jan-28
Jan-29 Jan-29
Jan-30 Jan-30
Jan-31 Jan-31
Feb-01 Feb-01
Feb-02 Feb-02
Feb-03 Feb-03
Feb-04 Feb-04
Feb-05 Feb-05
Feb-06 Feb-06
Feb-07 Feb-07
Feb-08 Feb-08
Feb-09 Feb-09
Feb-10 Feb-10
Feb-11 Feb-11
Feb-12 Feb-12
Feb-13 Feb-13
Feb-14 Feb-14
Feb-15 Feb-15
Feb-16 Feb-16
Feb-17 Feb-17
Feb-18 Feb-18
Feb-19 Feb-19
Feb-20 Feb-20
Feb-21 Feb-21
Feb-22 Feb-22
Feb-23 Feb-23
Feb-24 Feb-24
Feb-25 Feb-25
Feb-26 Feb-26
Feb-27 Feb-27
Feb-28 Feb-28
Mar-01 Mar-01
Mar-02 Mar-02
Mar-03 Mar-03
Mar-04 Mar-04
Mar-05 Mar-05
Mar-06 Mar-06
Mar-07 Mar-07
Mar-08 Mar-08
Mar-09 Mar-09
Mar-10 Mar-10
Mar-11 Mar-11
Mar-12 Mar-12
Mar-13 Mar-13
Mar-14 Mar-14
Mar-15 Mar-15
Mar-16 Mar-16
Mar-17 Mar-17
Mar-18 Mar-18
Mar-19 Mar-19
Mar-20 Mar-20
Mar-21 Mar-21
Mar-22 Mar-22
Mar-23 Mar-23
Mar-24 Mar-24
Mar-25 Mar-25
Mar-26 Mar-26
Mar-27 Mar-27
Mar-28 Mar-28
Mar-29 Mar-29
Mar-30 Mar-30
Mar-31 Mar-31
Apr-01 Apr-01
Apr-02 Apr-02
Apr-03 Apr-03
Apr-04 Apr-04
Apr-05 Apr-05
Apr-06 Apr-06
Apr-07 Apr-07
Apr-08 Apr-08
Apr-09 Apr-09
Apr-10 Apr-10
Apr-11 Apr-11
Apr-12 Apr-12
Apr-13 Apr-13
Apr-14 Apr-14
Apr-15 Apr-15
Apr-16 Apr-16
Apr-17 Apr-17
Apr-18 Apr-18
Apr-19 Apr-19
Apr-20 Apr-20
Apr-21 Apr-21
Apr-22 Apr-22
Apr-23 Apr-23
Apr-24 Apr-24
Apr-25 Apr-25
Apr-26 Apr-26
Apr-27 Apr-27
Apr-28 Apr-28
Apr-29 Apr-29
Apr-30 Apr-30
May-01 May-01
May-02 May-02
May-03 May-03
May-04 May-04
May-05 May-05
May-06 May-06
May-07 May-07
May-08 May-08
May-09 May-09
May-10 May-10
May-11 May-11
May-12 May-12
May-13 May-13
May-14 May-14
May-15 May-15
May-16 May-16
May-17 May-17
May-18 May-18
May-19 May-19
May-20 May-20
May-21 May-21
May-22 May-22
May-23 May-23
May-24 May-24
May-25 May-25
May-26 May-26
May-27 May-27
May-28 May-28
May-29 May-29
May-30 May-30
May-31 May-31
Jun-01 Jun-01
Jun-02 Jun-02
Jun-03 Jun-03
Jun-04 Jun-04
Jun-05 Jun-05
Jun-06 Jun-06
Jun-07 Jun-07
Jun-08 Jun-08
Jun-09 Jun-09
Jun-10 Jun-10
Jun-11 Jun-11
Jun-12 Jun-12
Jun-13 Jun-13
Jun-14 Jun-14
Jun-15 Jun-15
Jun-16 Jun-16
Jun-17 Jun-17
Jun-18 Jun-18
Jun-19 Jun-19
Jun-20 Jun-20
Jun-21 Jun-21
Jun-22 Jun-22
Jun-23 Jun-23
Jun-24 Jun-24
Jun-25 Jun-25
Jun-26 Jun-26
Jun-27 Jun-27
Jun-28 Jun-28
Jun-29 Jun-29
Jun-30 Jun-30
Page 15: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Brazil Normal Daily Rainfall (mm)

0123456789

Jul

-01

Jul

-23

Aug

-14

Sep

-05

Sep

-27

Oct

-19

Nov

-10

Dec

-02

Dec

-24

Jan

-15

Feb

-06

Feb

-28

Mar

-22

Apr

-13

May

-05

May

-27

Jun

-18

Parana MT

Early March

Mato Grosso

Parana

Agricultural Weather AssessmentsWorld Agricultural Outlook Board March 8 2019

Chart4

Parana
MT
Brazil Normal Daily Rainfall (mm)
34
05
33
05
33
05
32
05
31
06
3
05
3
05
29
05
28
05
28
05
27
05
27
05
26
05
25
05
25
05
24
05
24
05
24
05
23
05
23
05
23
05
23
05
23
05
22
05
22
05
22
05
22
05
22
05
22
05
22
05
23
05
23
05
23
05
23
05
23
06
23
06
24
05
24
05
24
05
24
06
25
06
25
06
25
06
25
06
26
07
26
07
27
08
27
08
27
08
28
08
28
09
28
09
29
09
29
1
29
1
3
11
3
11
3
12
31
12
31
13
32
13
32
13
33
14
33
14
34
15
34
16
35
16
36
17
37
17
37
18
38
18
39
19
39
2
4
2
41
21
42
22
43
22
44
22
45
23
46
24
47
24
48
25
48
26
49
26
5
27
51
28
52
28
53
29
53
29
54
3
55
31
56
31
56
32
57
33
57
33
58
34
58
35
58
36
59
36
59
37
59
38
59
38
59
39
59
4
59
41
59
41
58
42
58
43
58
44
57
45
57
45
56
46
56
47
55
48
55
48
54
49
53
5
52
51
52
52
51
52
5
53
49
54
49
55
48
55
47
56
47
57
46
58
46
59
45
59
45
6
44
61
44
61
44
62
44
62
43
63
43
64
43
64
43
65
43
65
44
66
44
66
44
66
45
67
45
68
46
68
46
68
47
68
48
69
48
69
49
69
5
69
51
7
52
7
52
7
53
7
54
7
55
7
56
7
56
7
57
71
57
71
58
7
59
7
6
71
6
71
6
7
61
71
61
71
61
71
62
71
62
71
62
71
62
71
62
71
62
71
61
71
61
71
61
72
61
72
6
72
6
72
6
72
6
72
59
73
59
72
58
73
58
73
58
73
57
74
57
74
56
74
56
75
56
75
55
75
55
75
55
76
55
76
54
76
54
76
54
77
54
77
54
77
54
78
54
78
55
78
55
79
55
79
55
79
55
8
55
8
56
8
56
8
57
81
57
81
57
82
58
82
58
82
59
82
59
82
59
82
6
83
6
83
6
83
6
83
61
83
6
83
6
83
6
83
6
83
6
83
6
83
6
83
59
82
59
82
58
82
58
82
57
82
56
82
55
81
55
81
54
8
53
8
52
79
51
79
5
78
49
78
49
77
48
77
47
76
46
76
45
75
45
75
44
74
43
73
42
73
42
72
41
71
41
7
4
7
4
68
4
68
39
67
39
66
39
65
39
64
38
63
39
62
39
61
39
61
39
6
39
58
39
58
4
57
4
56
4
55
4
54
41
53
41
52
42
51
42
5
42
49
43
48
43
47
44
46
44
45
44
44
45
43
45
42
46
41
46
4
46
39
46
38
46
37
47
36
47
35
47
35
47
34
47
33
47
32
47
31
47
31
47
3
47
29
47
28
46
27
46
27
46
26
46
25
46
24
45
24
45
23
45
22
45
22
45
21
44
2
44
2
44
19
44
19
44
18
44
17
44
17
43
16
44
15
44
15
44
14
44
14
44
14
44
13
44
12
44
12
44
11
44
11
44
11
44
11
44
1
44
1
45
09
44
09
44
09
45
08
45
08
45
08
45
07
45
07
44
07
44
07
44
07
44
07
44
07
44
06
43
06
43
06
42
06
42
06
41
06
41
06
4
06
4
05
39
05
38
06
38
06
37
06
36
05
36
05
35
06

Rainfall normals

Rainfall normals

Parana
MT
Brazil Normal Daily Rainfall (mm)

Sheet2

Sheet3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Cumulative Daily
Parana MT RGDS Parana MT
Jul-01 2764 0 7088 34 05
Jul-02 5128 0 12232 33 05
Jul-03 86 0952 18532 33 05
Jul-04 11196 2116 21512 32 05
Jul-05 12908 214 25204 31 06
Jul-06 15308 246 31972 3 05
Jul-07 19736 246 38674 3 05
Jul-08 23852 2464 4448 29 05
Jul-09 29252 3412 5054 28 05
Jul-10 32968 3748 55088 28 05
Jul-11 352 384 60272 27 05
Jul-12 37316 392 61724 27 05
Jul-13 38576 3932 62328 26 05
Jul-14 38684 396 63566 25 05
Jul-15 39676 3976 66248 25 05
Jul-16 44864 3976 72016 24 05
Jul-17 4847 3976 76014 24 05
Jul-18 5265 4128 80946 24 05
Jul-19 56222 4228 86874 23 05
Jul-20 58754 456 92074 23 05
Jul-21 62098 4616 95112 23 05
Jul-22 63482 47 98508 23 05
Jul-23 66322 6736 10102 23 05
Jul-24 66826 6868 102116 22 05
Jul-25 68194 7008 104668 22 05
Jul-26 69974 7432 10911 22 05
Jul-27 72834 7488 113962 22 05
Jul-28 75074 7568 118294 22 05
Jul-29 76562 7608 124178 22 05
Jul-30 78202 7628 129238 22 05
Jul-31 80654 8448 135082 23 05
Aug-01 84138 9236 140582 23 05
Aug-02 86938 9384 144806 23 05
Aug-03 88686 9452 150098 23 05
Aug-04 90358 996 155774 23 06
Aug-05 92794 11416 158934 23 06
Aug-06 9575 12692 162478 24 05
Aug-07 98422 127 167014 24 05
Aug-08 100086 12704 170066 24 05
Aug-09 102978 12704 177274 24 06
Aug-10 105066 1304 180992 25 06
Aug-11 106538 1312 18366 25 06
Aug-12 108098 13508 185076 25 06
Aug-13 108986 13644 186364 25 06
Aug-14 111482 13908 18984 26 07
Aug-15 11377 15204 195176 26 07
Aug-16 117674 1592 201236 27 08
Aug-17 11985 1596 20416 27 08
Aug-18 123498 16052 208836 27 08
Aug-19 12841 1614 211548 28 08
Aug-20 13183 16564 21698 28 09
Aug-21 135826 17052 221748 28 09
Aug-22 138234 17196 223168 29 09
Aug-23 139438 18948 225216 29 1
Aug-24 14061 19588 228608 29 1
Aug-25 143082 21084 231288 3 11
Aug-26 144454 22012 235172 3 11
Aug-27 149278 22012 238864 3 12
Aug-28 15179 22856 24076 31 12
Aug-29 153774 24556 243712 31 13
Aug-30 154746 25356 246228 32 13
Aug-31 158766 26432 251112 32 13
Sep-01 161398 28168 255196 33 14
Sep-02 16531 30132 257996 33 14
Sep-03 167078 30308 259736 34 15
Sep-04 17003 30388 263592 34 16
Sep-05 173546 30768 26666 35 16
Sep-06 175398 3148 268684 36 17
Sep-07 181814 3268 272 37 17
Sep-08 187614 36846 277494 37 18
Sep-09 191406 38834 281182 38 18
Sep-10 192502 4009 284174 39 19
Sep-11 193486 41462 292254 39 2
Sep-12 199146 42282 302174 4 2
Sep-13 205058 44022 308424 41 21
Sep-14 211134 45642 31666 42 22
Sep-15 218042 4695 325528 43 22
Sep-16 221954 49078 330032 44 22
Sep-17 224018 49926 332248 45 23
Sep-18 228086 50494 340216 46 24
Sep-19 232194 53954 34878 47 24
Sep-20 23891 54818 355518 48 25
Sep-21 240914 56926 361376 48 26
Sep-22 244254 58866 365848 49 26
Sep-23 248926 60538 37564 5 27
Sep-24 256398 6307 389776 51 28
Sep-25 26425 65454 395308 52 28
Sep-26 268946 69902 40004 53 29
Sep-27 27237 70662 4038 53 29
Sep-28 277442 72082 407884 54 3
Sep-29 284522 76594 413128 55 31
Sep-30 290042 81582 418636 56 31
Oct-01 299106 84374 427364 56 32
Oct-02 305186 8773 431952 57 33
Oct-03 308186 89546 436956 57 33
Oct-04 31191 94862 442232 58 34
Oct-05 315982 9665 452052 58 35
Oct-06 322018 100354 4593 58 36
Oct-07 32445 103338 461674 59 36
Oct-08 330414 10633 46959 59 37
Oct-09 33641 10839 478896 59 38
Oct-10 342482 112878 4864 59 38
Oct-11 349454 115038 49178 59 39
Oct-12 35571 11893 498376 59 4
Oct-13 362234 123062 50792 59 41
Oct-14 367638 126802 513484 59 41
Oct-15 369866 129274 519524 58 42
Oct-16 375386 13339 528236 58 43
Oct-17 383966 13761 539512 58 44
Oct-18 388114 141006 54398 57 45
Oct-19 39491 146666 547548 57 45
Oct-20 401666 150358 554624 56 46
Oct-21 406878 153806 560316 56 47
Oct-22 411594 157198 563256 55 48
Oct-23 414694 163434 566624 55 48
Oct-24 41811 168974 571808 54 49
Oct-25 424658 173138 577804 53 5
Oct-26 433038 178442 585308 52 51
Oct-27 442146 18707 5891 52 52
Oct-28 444998 192174 592184 51 52
Oct-29 447778 195098 59562 5 53
Oct-30 449114 202238 599922 49 54
Oct-31 453102 207962 606102 49 55
Nov-01 460738 21235 611414 48 55
Nov-02 46535 217874 616194 47 56
Nov-03 471222 224532 620408 47 57
Nov-04 47721 229184 626328 46 58
Nov-05 481826 236736 63376 46 59
Nov-06 490546 240048 643056 45 59
Nov-07 493758 244132 645724 45 6
Nov-08 49723 248816 650184 44 61
Nov-09 500526 255364 654412 44 61
Nov-10 505182 26546 65976 44 62
Nov-11 509178 271336 664348 44 62
Nov-12 513334 276676 66896 43 63
Nov-13 519854 282156 675124 43 64
Nov-14 52521 28843 678284 43 64
Nov-15 53069 292758 680652 43 65
Nov-16 533158 304166 684364 43 65
Nov-17 537386 30969 68864 44 66
Nov-18 54063 31615 693612 44 66
Nov-19 54451 320838 697756 44 66
Nov-20 548162 331762 699288 45 67
Nov-21 552446 337868 702032 45 68
Nov-22 556582 343624 703216 46 68
Nov-23 558166 35038 706056 46 68
Nov-24 561802 35358 710 47 68
Nov-25 568802 360124 716752 48 69
Nov-26 574546 364332 720672 48 69
Nov-27 57893 36952 724824 49 69
Nov-28 582814 377852 729172 5 69
Nov-29 58561 388264 730416 51 7
Nov-30 588422 396364 732412 52 7
Dec-01 591438 407728 735704 52 7
Dec-02 594274 414648 738192 53 7
Dec-03 597002 42232 740312 54 7
Dec-04 601042 427388 743156 55 7
Dec-05 605394 43246 750432 56 7
Dec-06 610078 438292 75839 56 7
Dec-07 617094 447072 763426 57 71
Dec-08 621458 45366 766248 57 71
Dec-09 623962 460588 7684 58 7
Dec-10 63095 46921 771594 59 7
Dec-11 635566 481482 775878 6 71
Dec-12 642502 48885 78275 6 71
Dec-13 649742 499602 78785 6 7
Dec-14 65815 509698 791862 61 71
Dec-15 662126 515178 797586 61 71
Dec-16 667966 522814 80215 61 71
Dec-17 673974 529578 810014 62 71
Dec-18 676898 537354 81391 62 71
Dec-19 680222 544574 815174 62 71
Dec-20 684598 55039 82225 62 71
Dec-21 689722 556622 82803 62 71
Dec-22 697602 560194 832886 62 71
Dec-23 70129 567118 838426 61 71
Dec-24 70669 573266 846136 61 71
Dec-25 708366 58053 848 61 72
Dec-26 710446 588766 852876 61 72
Dec-27 713818 595826 855604 6 72
Dec-28 71879 60375 860756 6 72
Dec-29 727414 610454 864652 6 72
Dec-30 733598 617218 871628 6 72
Dec-31 739248 626332 875934 59 73
Jan-01 743224 635558 87995 59 72
Jan-02 745184 64569 882542 58 73
Jan-03 749496 653898 885678 58 73
Jan-04 753786 664308 88883 58 73
Jan-05 758918 673588 893222 57 74
Jan-06 762998 685356 896982 57 74
Jan-07 766544 6916 901356 56 74
Jan-08 768952 700506 907956 56 75
Jan-09 77438 710522 913684 56 75
Jan-10 781904 718902 919052 55 75
Jan-11 788208 726078 925492 55 75
Jan-12 79456 735638 929744 55 76
Jan-13 800452 74447 93248 55 76
Jan-14 804716 753262 939044 54 76
Jan-15 810692 764854 947368 54 76
Jan-16 815796 773346 95577 54 77
Jan-17 82062 781266 96295 54 77
Jan-18 82456 788226 966778 54 77
Jan-19 829312 79381 969044 54 78
Jan-20 83652 800718 976852 54 78
Jan-21 840784 809782 980462 55 78
Jan-22 84686 815818 984158 55 79
Jan-23 852196 824174 988466 55 79
Jan-24 85726 831706 99199 55 79
Jan-25 866372 83847 100142 55 8
Jan-26 872064 846934 100761 55 8
Jan-27 878372 85433 101541 56 8
Jan-28 883588 85997 101846 56 8
Jan-29 889244 867398 102653 57 81
Jan-30 896468 876534 103566 57 81
Jan-31 90484 883646 10443 57 82
Feb-01 915208 891514 105294 58 82
Feb-02 921476 90037 106103 58 82
Feb-03 927964 909646 106442 59 82
Feb-04 93286 918026 107032 59 82
Feb-05 937408 928946 107763 59 82
Feb-06 94201 937412 108254 6 83
Feb-07 947086 952884 108552 6 83
Feb-08 952246 96228 109098 6 83
Feb-09 955886 968904 109558 6 83
Feb-10 96133 9754 110469 61 83
Feb-11 96697 981996 110991 6 83
Feb-12 969426 992592 111242 6 83
Feb-13 97417 999652 111567 6 83
Feb-14 980506 100768 112062 6 83
Feb-15 985954 101555 112725 6 83
Feb-16 99267 102422 1134 6 83
Feb-17 997258 103353 113994 6 83
Feb-18 100341 104026 114302 59 82
Feb-19 100826 104853 11448 59 82
Feb-20 10135 105757 115195 58 82
Feb-21 101997 106745 115619 58 82
Feb-22 102626 107418 115978 57 82
Feb-23 103088 108182 116461 56 82
Feb-24 103827 108792 117726 55 81
Feb-25 104473 10951 118573 55 81
Feb-26 104847 110097 119134 54 8
Feb-27 105214 110854 119655 53 8
Feb-28 105754 111584 119994 52 79
Mar-01 106131 112306 12051 51 79
Mar-02 106455 11297 12082 5 78
Mar-03 106966 113829 121208 49 78
Mar-04 107273 114705 121571 49 77
Mar-05 107551 115385 122014 48 77
Mar-06 107835 116451 122605 47 76
Mar-07 108221 117131 123162 46 76
Mar-08 108449 117625 123525 45 75
Mar-09 108706 118251 123844 45 75
Mar-10 109109 118828 124456 44 74
Mar-11 109385 119645 124956 43 73
Mar-12 109721 120487 125389 42 73
Mar-13 110119 121134 125913 42 72
Mar-14 110432 122035 126473 41 71
Mar-15 11068 122842 126772 41 7
Mar-16 110909 123543 127254 4 7
Mar-17 111538 124458 127636 4 68
Mar-18 112072 125557 128608 4 68
Mar-19 112325 126969 128885 39 67
Mar-20 112907 127667 129129 39 66
Mar-21 113171 128444 12943 39 65
Mar-22 113633 129037 129641 39 64
Mar-23 113946 129689 130187 38 63
Mar-24 114494 130371 130687 39 62
Mar-25 114798 13106 13116 39 61
Mar-26 115109 131501 131718 39 61
Mar-27 1155 132129 132139 39 6
Mar-28 115791 132728 132677 39 58
Mar-29 116153 133382 133207 39 58
Mar-30 116608 134038 133786 4 57
Mar-31 116879 134388 134263 4 56
Apr-01 117448 13481 135173 4 55
Apr-02 117731 135548 135867 4 54
Apr-03 117943 136158 136402 41 53
Apr-04 118451 136585 137352 41 52
Apr-05 118751 136883 137983 42 51
Apr-06 118931 137352 138669 42 5
Apr-07 119668 137681 139307 42 49
Apr-08 120095 137925 139919 43 48
Apr-09 120417 138207 140221 43 47
Apr-10 120927 138485 140749 44 46
Apr-11 121133 138983 141135 44 45
Apr-12 121383 139608 141819 44 44
Apr-13 122001 14036 142518 45 43
Apr-14 122484 140746 143004 45 42
Apr-15 123102 14132 143888 46 41
Apr-16 123593 141693 144598 46 4
Apr-17 124211 142326 14511 46 39
Apr-18 124985 142663 145816 46 38
Apr-19 125699 143123 146355 46 37
Apr-20 126363 143359 146813 47 36
Apr-21 126625 143631 14718 47 35
Apr-22 126848 143999 147422 47 35
Apr-23 127155 144221 14801 47 34
Apr-24 127786 144374 148823 47 33
Apr-25 128226 144671 149713 47 32
Apr-26 128702 144918 150257 47 31
Apr-27 128934 145129 150715 47 31
Apr-28 12922 145279 151235 47 3
Apr-29 129737 145416 151968 47 29
Apr-30 130073 145645 152481 47 28
May-01 130327 145749 152759 46 27
May-02 130623 145967 153177 46 27
May-03 131046 146091 153532 46 26
May-04 131572 14629 154097 46 25
May-05 131847 146391 154588 46 24
May-06 132538 146643 154808 45 24
May-07 132866 146852 155413 45 23
May-08 13334 146912 15599 45 22
May-09 133673 147045 156414 45 22
May-10 134007 147091 15677 45 21
May-11 134298 147144 157185 44 2
May-12 13464 147175 157683 44 2
May-13 135307 147252 158313 44 19
May-14 135985 147549 158803 44 19
May-15 13632 147685 15911 44 18
May-16 136885 147977 159807 44 17
May-17 137428 148068 160351 44 17
May-18 138029 148179 160972 43 16
May-19 138529 148214 161583 44 15
May-20 139212 148227 162319 44 15
May-21 140112 148465 163037 44 14
May-22 140769 148569 163618 44 14
May-23 141341 148687 164089 44 14
May-24 141704 148804 164369 44 13
May-25 142195 148864 164796 44 12
May-26 142465 148911 165278 44 12
May-27 142872 149025 166129 44 11
May-28 143259 149056 16711 44 11
May-29 143676 149113 167891 44 11
May-30 1442 149161 168626 44 11
May-31 144545 149393 169258 44 1
Jun-01 144785 149493 169409 44 1
Jun-02 144969 149569 169717 45 09
Jun-03 145211 149575 170452 44 09
Jun-04 145532 149647 170986 44 09
Jun-05 146458 14967 171959 45 08
Jun-06 147033 149791 172742 45 08
Jun-07 147535 149896 173169 45 08
Jun-08 147838 149911 173672 45 07
Jun-09 148111 149915 174203 45 07
Jun-10 148302 149975 174903 44 07
Jun-11 148548 149975 175279 44 07
Jun-12 148795 149975 175763 44 07
Jun-13 149169 149975 176279 44 07
Jun-14 149886 149981 176859 44 07
Jun-15 150168 150142 17703 44 06
Jun-16 150462 150186 177623 43 06
Jun-17 150731 15021 178343 43 06
Jun-18 151447 150243 178887 42 06
Jun-19 152109 150247 179668 42 06
Jun-20 152758 150287 179981 41 06
Jun-21 153139 150315 180324 41 06
Jun-22 153321 150421 180658 4 06
Jun-23 153536 150428 181094 4 05
Jun-24 154122 150543 181596 39 05
Jun-25 154487 15062 181875 38 06
Jun-26 154764 150696 182241 38 06
Jun-27 15517 150702 182588 37 06
Jun-28 155453 15071 182874 36 05
Jun-29 155786 150817 183159 36 05
Jun-30 15612 150901 183853 35 06
Jul-01 Jul-01
Jul-02 Jul-02
Jul-03 Jul-03
Jul-04 Jul-04
Jul-05 Jul-05
Jul-06 Jul-06
Jul-07 Jul-07
Jul-08 Jul-08
Jul-09 Jul-09
Jul-10 Jul-10
Jul-11 Jul-11
Jul-12 Jul-12
Jul-13 Jul-13
Jul-14 Jul-14
Jul-15 Jul-15
Jul-16 Jul-16
Jul-17 Jul-17
Jul-18 Jul-18
Jul-19 Jul-19
Jul-20 Jul-20
Jul-21 Jul-21
Jul-22 Jul-22
Jul-23 Jul-23
Jul-24 Jul-24
Jul-25 Jul-25
Jul-26 Jul-26
Jul-27 Jul-27
Jul-28 Jul-28
Jul-29 Jul-29
Jul-30 Jul-30
Jul-31 Jul-31
Aug-01 Aug-01
Aug-02 Aug-02
Aug-03 Aug-03
Aug-04 Aug-04
Aug-05 Aug-05
Aug-06 Aug-06
Aug-07 Aug-07
Aug-08 Aug-08
Aug-09 Aug-09
Aug-10 Aug-10
Aug-11 Aug-11
Aug-12 Aug-12
Aug-13 Aug-13
Aug-14 Aug-14
Aug-15 Aug-15
Aug-16 Aug-16
Aug-17 Aug-17
Aug-18 Aug-18
Aug-19 Aug-19
Aug-20 Aug-20
Aug-21 Aug-21
Aug-22 Aug-22
Aug-23 Aug-23
Aug-24 Aug-24
Aug-25 Aug-25
Aug-26 Aug-26
Aug-27 Aug-27
Aug-28 Aug-28
Aug-29 Aug-29
Aug-30 Aug-30
Aug-31 Aug-31
Sep-01 Sep-01
Sep-02 Sep-02
Sep-03 Sep-03
Sep-04 Sep-04
Sep-05 Sep-05
Sep-06 Sep-06
Sep-07 Sep-07
Sep-08 Sep-08
Sep-09 Sep-09
Sep-10 Sep-10
Sep-11 Sep-11
Sep-12 Sep-12
Sep-13 Sep-13
Sep-14 Sep-14
Sep-15 Sep-15
Sep-16 Sep-16
Sep-17 Sep-17
Sep-18 Sep-18
Sep-19 Sep-19
Sep-20 Sep-20
Sep-21 Sep-21
Sep-22 Sep-22
Sep-23 Sep-23
Sep-24 Sep-24
Sep-25 Sep-25
Sep-26 Sep-26
Sep-27 Sep-27
Sep-28 Sep-28
Sep-29 Sep-29
Sep-30 Sep-30
Oct-01 Oct-01
Oct-02 Oct-02
Oct-03 Oct-03
Oct-04 Oct-04
Oct-05 Oct-05
Oct-06 Oct-06
Oct-07 Oct-07
Oct-08 Oct-08
Oct-09 Oct-09
Oct-10 Oct-10
Oct-11 Oct-11
Oct-12 Oct-12
Oct-13 Oct-13
Oct-14 Oct-14
Oct-15 Oct-15
Oct-16 Oct-16
Oct-17 Oct-17
Oct-18 Oct-18
Oct-19 Oct-19
Oct-20 Oct-20
Oct-21 Oct-21
Oct-22 Oct-22
Oct-23 Oct-23
Oct-24 Oct-24
Oct-25 Oct-25
Oct-26 Oct-26
Oct-27 Oct-27
Oct-28 Oct-28
Oct-29 Oct-29
Oct-30 Oct-30
Oct-31 Oct-31
Nov-01 Nov-01
Nov-02 Nov-02
Nov-03 Nov-03
Nov-04 Nov-04
Nov-05 Nov-05
Nov-06 Nov-06
Nov-07 Nov-07
Nov-08 Nov-08
Nov-09 Nov-09
Nov-10 Nov-10
Nov-11 Nov-11
Nov-12 Nov-12
Nov-13 Nov-13
Nov-14 Nov-14
Nov-15 Nov-15
Nov-16 Nov-16
Nov-17 Nov-17
Nov-18 Nov-18
Nov-19 Nov-19
Nov-20 Nov-20
Nov-21 Nov-21
Nov-22 Nov-22
Nov-23 Nov-23
Nov-24 Nov-24
Nov-25 Nov-25
Nov-26 Nov-26
Nov-27 Nov-27
Nov-28 Nov-28
Nov-29 Nov-29
Nov-30 Nov-30
Dec-01 Dec-01
Dec-02 Dec-02
Dec-03 Dec-03
Dec-04 Dec-04
Dec-05 Dec-05
Dec-06 Dec-06
Dec-07 Dec-07
Dec-08 Dec-08
Dec-09 Dec-09
Dec-10 Dec-10
Dec-11 Dec-11
Dec-12 Dec-12
Dec-13 Dec-13
Dec-14 Dec-14
Dec-15 Dec-15
Dec-16 Dec-16
Dec-17 Dec-17
Dec-18 Dec-18
Dec-19 Dec-19
Dec-20 Dec-20
Dec-21 Dec-21
Dec-22 Dec-22
Dec-23 Dec-23
Dec-24 Dec-24
Dec-25 Dec-25
Dec-26 Dec-26
Dec-27 Dec-27
Dec-28 Dec-28
Dec-29 Dec-29
Dec-30 Dec-30
Dec-31 Dec-31
Jan-01 Jan-01
Jan-02 Jan-02
Jan-03 Jan-03
Jan-04 Jan-04
Jan-05 Jan-05
Jan-06 Jan-06
Jan-07 Jan-07
Jan-08 Jan-08
Jan-09 Jan-09
Jan-10 Jan-10
Jan-11 Jan-11
Jan-12 Jan-12
Jan-13 Jan-13
Jan-14 Jan-14
Jan-15 Jan-15
Jan-16 Jan-16
Jan-17 Jan-17
Jan-18 Jan-18
Jan-19 Jan-19
Jan-20 Jan-20
Jan-21 Jan-21
Jan-22 Jan-22
Jan-23 Jan-23
Jan-24 Jan-24
Jan-25 Jan-25
Jan-26 Jan-26
Jan-27 Jan-27
Jan-28 Jan-28
Jan-29 Jan-29
Jan-30 Jan-30
Jan-31 Jan-31
Feb-01 Feb-01
Feb-02 Feb-02
Feb-03 Feb-03
Feb-04 Feb-04
Feb-05 Feb-05
Feb-06 Feb-06
Feb-07 Feb-07
Feb-08 Feb-08
Feb-09 Feb-09
Feb-10 Feb-10
Feb-11 Feb-11
Feb-12 Feb-12
Feb-13 Feb-13
Feb-14 Feb-14
Feb-15 Feb-15
Feb-16 Feb-16
Feb-17 Feb-17
Feb-18 Feb-18
Feb-19 Feb-19
Feb-20 Feb-20
Feb-21 Feb-21
Feb-22 Feb-22
Feb-23 Feb-23
Feb-24 Feb-24
Feb-25 Feb-25
Feb-26 Feb-26
Feb-27 Feb-27
Feb-28 Feb-28
Mar-01 Mar-01
Mar-02 Mar-02
Mar-03 Mar-03
Mar-04 Mar-04
Mar-05 Mar-05
Mar-06 Mar-06
Mar-07 Mar-07
Mar-08 Mar-08
Mar-09 Mar-09
Mar-10 Mar-10
Mar-11 Mar-11
Mar-12 Mar-12
Mar-13 Mar-13
Mar-14 Mar-14
Mar-15 Mar-15
Mar-16 Mar-16
Mar-17 Mar-17
Mar-18 Mar-18
Mar-19 Mar-19
Mar-20 Mar-20
Mar-21 Mar-21
Mar-22 Mar-22
Mar-23 Mar-23
Mar-24 Mar-24
Mar-25 Mar-25
Mar-26 Mar-26
Mar-27 Mar-27
Mar-28 Mar-28
Mar-29 Mar-29
Mar-30 Mar-30
Mar-31 Mar-31
Apr-01 Apr-01
Apr-02 Apr-02
Apr-03 Apr-03
Apr-04 Apr-04
Apr-05 Apr-05
Apr-06 Apr-06
Apr-07 Apr-07
Apr-08 Apr-08
Apr-09 Apr-09
Apr-10 Apr-10
Apr-11 Apr-11
Apr-12 Apr-12
Apr-13 Apr-13
Apr-14 Apr-14
Apr-15 Apr-15
Apr-16 Apr-16
Apr-17 Apr-17
Apr-18 Apr-18
Apr-19 Apr-19
Apr-20 Apr-20
Apr-21 Apr-21
Apr-22 Apr-22
Apr-23 Apr-23
Apr-24 Apr-24
Apr-25 Apr-25
Apr-26 Apr-26
Apr-27 Apr-27
Apr-28 Apr-28
Apr-29 Apr-29
Apr-30 Apr-30
May-01 May-01
May-02 May-02
May-03 May-03
May-04 May-04
May-05 May-05
May-06 May-06
May-07 May-07
May-08 May-08
May-09 May-09
May-10 May-10
May-11 May-11
May-12 May-12
May-13 May-13
May-14 May-14
May-15 May-15
May-16 May-16
May-17 May-17
May-18 May-18
May-19 May-19
May-20 May-20
May-21 May-21
May-22 May-22
May-23 May-23
May-24 May-24
May-25 May-25
May-26 May-26
May-27 May-27
May-28 May-28
May-29 May-29
May-30 May-30
May-31 May-31
Jun-01 Jun-01
Jun-02 Jun-02
Jun-03 Jun-03
Jun-04 Jun-04
Jun-05 Jun-05
Jun-06 Jun-06
Jun-07 Jun-07
Jun-08 Jun-08
Jun-09 Jun-09
Jun-10 Jun-10
Jun-11 Jun-11
Jun-12 Jun-12
Jun-13 Jun-13
Jun-14 Jun-14
Jun-15 Jun-15
Jun-16 Jun-16
Jun-17 Jun-17
Jun-18 Jun-18
Jun-19 Jun-19
Jun-20 Jun-20
Jun-21 Jun-21
Jun-22 Jun-22
Jun-23 Jun-23
Jun-24 Jun-24
Jun-25 Jun-25
Jun-26 Jun-26
Jun-27 Jun-27
Jun-28 Jun-28
Jun-29 Jun-29
Jun-30 Jun-30
Page 16: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Chart4

Parana
MT
Brazil Normal Daily Rainfall (mm)
34
05
33
05
33
05
32
05
31
06
3
05
3
05
29
05
28
05
28
05
27
05
27
05
26
05
25
05
25
05
24
05
24
05
24
05
23
05
23
05
23
05
23
05
23
05
22
05
22
05
22
05
22
05
22
05
22
05
22
05
23
05
23
05
23
05
23
05
23
06
23
06
24
05
24
05
24
05
24
06
25
06
25
06
25
06
25
06
26
07
26
07
27
08
27
08
27
08
28
08
28
09
28
09
29
09
29
1
29
1
3
11
3
11
3
12
31
12
31
13
32
13
32
13
33
14
33
14
34
15
34
16
35
16
36
17
37
17
37
18
38
18
39
19
39
2
4
2
41
21
42
22
43
22
44
22
45
23
46
24
47
24
48
25
48
26
49
26
5
27
51
28
52
28
53
29
53
29
54
3
55
31
56
31
56
32
57
33
57
33
58
34
58
35
58
36
59
36
59
37
59
38
59
38
59
39
59
4
59
41
59
41
58
42
58
43
58
44
57
45
57
45
56
46
56
47
55
48
55
48
54
49
53
5
52
51
52
52
51
52
5
53
49
54
49
55
48
55
47
56
47
57
46
58
46
59
45
59
45
6
44
61
44
61
44
62
44
62
43
63
43
64
43
64
43
65
43
65
44
66
44
66
44
66
45
67
45
68
46
68
46
68
47
68
48
69
48
69
49
69
5
69
51
7
52
7
52
7
53
7
54
7
55
7
56
7
56
7
57
71
57
71
58
7
59
7
6
71
6
71
6
7
61
71
61
71
61
71
62
71
62
71
62
71
62
71
62
71
62
71
61
71
61
71
61
72
61
72
6
72
6
72
6
72
6
72
59
73
59
72
58
73
58
73
58
73
57
74
57
74
56
74
56
75
56
75
55
75
55
75
55
76
55
76
54
76
54
76
54
77
54
77
54
77
54
78
54
78
55
78
55
79
55
79
55
79
55
8
55
8
56
8
56
8
57
81
57
81
57
82
58
82
58
82
59
82
59
82
59
82
6
83
6
83
6
83
6
83
61
83
6
83
6
83
6
83
6
83
6
83
6
83
6
83
59
82
59
82
58
82
58
82
57
82
56
82
55
81
55
81
54
8
53
8
52
79
51
79
5
78
49
78
49
77
48
77
47
76
46
76
45
75
45
75
44
74
43
73
42
73
42
72
41
71
41
7
4
7
4
68
4
68
39
67
39
66
39
65
39
64
38
63
39
62
39
61
39
61
39
6
39
58
39
58
4
57
4
56
4
55
4
54
41
53
41
52
42
51
42
5
42
49
43
48
43
47
44
46
44
45
44
44
45
43
45
42
46
41
46
4
46
39
46
38
46
37
47
36
47
35
47
35
47
34
47
33
47
32
47
31
47
31
47
3
47
29
47
28
46
27
46
27
46
26
46
25
46
24
45
24
45
23
45
22
45
22
45
21
44
2
44
2
44
19
44
19
44
18
44
17
44
17
43
16
44
15
44
15
44
14
44
14
44
14
44
13
44
12
44
12
44
11
44
11
44
11
44
11
44
1
44
1
45
09
44
09
44
09
45
08
45
08
45
08
45
07
45
07
44
07
44
07
44
07
44
07
44
07
44
06
43
06
43
06
42
06
42
06
41
06
41
06
4
06
4
05
39
05
38
06
38
06
37
06
36
05
36
05
35
06

Rainfall normals

Rainfall normals

Parana
MT
Brazil Normal Daily Rainfall (mm)

Sheet2

Sheet3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Cumulative Daily
Parana MT RGDS Parana MT
Jul-01 2764 0 7088 34 05
Jul-02 5128 0 12232 33 05
Jul-03 86 0952 18532 33 05
Jul-04 11196 2116 21512 32 05
Jul-05 12908 214 25204 31 06
Jul-06 15308 246 31972 3 05
Jul-07 19736 246 38674 3 05
Jul-08 23852 2464 4448 29 05
Jul-09 29252 3412 5054 28 05
Jul-10 32968 3748 55088 28 05
Jul-11 352 384 60272 27 05
Jul-12 37316 392 61724 27 05
Jul-13 38576 3932 62328 26 05
Jul-14 38684 396 63566 25 05
Jul-15 39676 3976 66248 25 05
Jul-16 44864 3976 72016 24 05
Jul-17 4847 3976 76014 24 05
Jul-18 5265 4128 80946 24 05
Jul-19 56222 4228 86874 23 05
Jul-20 58754 456 92074 23 05
Jul-21 62098 4616 95112 23 05
Jul-22 63482 47 98508 23 05
Jul-23 66322 6736 10102 23 05
Jul-24 66826 6868 102116 22 05
Jul-25 68194 7008 104668 22 05
Jul-26 69974 7432 10911 22 05
Jul-27 72834 7488 113962 22 05
Jul-28 75074 7568 118294 22 05
Jul-29 76562 7608 124178 22 05
Jul-30 78202 7628 129238 22 05
Jul-31 80654 8448 135082 23 05
Aug-01 84138 9236 140582 23 05
Aug-02 86938 9384 144806 23 05
Aug-03 88686 9452 150098 23 05
Aug-04 90358 996 155774 23 06
Aug-05 92794 11416 158934 23 06
Aug-06 9575 12692 162478 24 05
Aug-07 98422 127 167014 24 05
Aug-08 100086 12704 170066 24 05
Aug-09 102978 12704 177274 24 06
Aug-10 105066 1304 180992 25 06
Aug-11 106538 1312 18366 25 06
Aug-12 108098 13508 185076 25 06
Aug-13 108986 13644 186364 25 06
Aug-14 111482 13908 18984 26 07
Aug-15 11377 15204 195176 26 07
Aug-16 117674 1592 201236 27 08
Aug-17 11985 1596 20416 27 08
Aug-18 123498 16052 208836 27 08
Aug-19 12841 1614 211548 28 08
Aug-20 13183 16564 21698 28 09
Aug-21 135826 17052 221748 28 09
Aug-22 138234 17196 223168 29 09
Aug-23 139438 18948 225216 29 1
Aug-24 14061 19588 228608 29 1
Aug-25 143082 21084 231288 3 11
Aug-26 144454 22012 235172 3 11
Aug-27 149278 22012 238864 3 12
Aug-28 15179 22856 24076 31 12
Aug-29 153774 24556 243712 31 13
Aug-30 154746 25356 246228 32 13
Aug-31 158766 26432 251112 32 13
Sep-01 161398 28168 255196 33 14
Sep-02 16531 30132 257996 33 14
Sep-03 167078 30308 259736 34 15
Sep-04 17003 30388 263592 34 16
Sep-05 173546 30768 26666 35 16
Sep-06 175398 3148 268684 36 17
Sep-07 181814 3268 272 37 17
Sep-08 187614 36846 277494 37 18
Sep-09 191406 38834 281182 38 18
Sep-10 192502 4009 284174 39 19
Sep-11 193486 41462 292254 39 2
Sep-12 199146 42282 302174 4 2
Sep-13 205058 44022 308424 41 21
Sep-14 211134 45642 31666 42 22
Sep-15 218042 4695 325528 43 22
Sep-16 221954 49078 330032 44 22
Sep-17 224018 49926 332248 45 23
Sep-18 228086 50494 340216 46 24
Sep-19 232194 53954 34878 47 24
Sep-20 23891 54818 355518 48 25
Sep-21 240914 56926 361376 48 26
Sep-22 244254 58866 365848 49 26
Sep-23 248926 60538 37564 5 27
Sep-24 256398 6307 389776 51 28
Sep-25 26425 65454 395308 52 28
Sep-26 268946 69902 40004 53 29
Sep-27 27237 70662 4038 53 29
Sep-28 277442 72082 407884 54 3
Sep-29 284522 76594 413128 55 31
Sep-30 290042 81582 418636 56 31
Oct-01 299106 84374 427364 56 32
Oct-02 305186 8773 431952 57 33
Oct-03 308186 89546 436956 57 33
Oct-04 31191 94862 442232 58 34
Oct-05 315982 9665 452052 58 35
Oct-06 322018 100354 4593 58 36
Oct-07 32445 103338 461674 59 36
Oct-08 330414 10633 46959 59 37
Oct-09 33641 10839 478896 59 38
Oct-10 342482 112878 4864 59 38
Oct-11 349454 115038 49178 59 39
Oct-12 35571 11893 498376 59 4
Oct-13 362234 123062 50792 59 41
Oct-14 367638 126802 513484 59 41
Oct-15 369866 129274 519524 58 42
Oct-16 375386 13339 528236 58 43
Oct-17 383966 13761 539512 58 44
Oct-18 388114 141006 54398 57 45
Oct-19 39491 146666 547548 57 45
Oct-20 401666 150358 554624 56 46
Oct-21 406878 153806 560316 56 47
Oct-22 411594 157198 563256 55 48
Oct-23 414694 163434 566624 55 48
Oct-24 41811 168974 571808 54 49
Oct-25 424658 173138 577804 53 5
Oct-26 433038 178442 585308 52 51
Oct-27 442146 18707 5891 52 52
Oct-28 444998 192174 592184 51 52
Oct-29 447778 195098 59562 5 53
Oct-30 449114 202238 599922 49 54
Oct-31 453102 207962 606102 49 55
Nov-01 460738 21235 611414 48 55
Nov-02 46535 217874 616194 47 56
Nov-03 471222 224532 620408 47 57
Nov-04 47721 229184 626328 46 58
Nov-05 481826 236736 63376 46 59
Nov-06 490546 240048 643056 45 59
Nov-07 493758 244132 645724 45 6
Nov-08 49723 248816 650184 44 61
Nov-09 500526 255364 654412 44 61
Nov-10 505182 26546 65976 44 62
Nov-11 509178 271336 664348 44 62
Nov-12 513334 276676 66896 43 63
Nov-13 519854 282156 675124 43 64
Nov-14 52521 28843 678284 43 64
Nov-15 53069 292758 680652 43 65
Nov-16 533158 304166 684364 43 65
Nov-17 537386 30969 68864 44 66
Nov-18 54063 31615 693612 44 66
Nov-19 54451 320838 697756 44 66
Nov-20 548162 331762 699288 45 67
Nov-21 552446 337868 702032 45 68
Nov-22 556582 343624 703216 46 68
Nov-23 558166 35038 706056 46 68
Nov-24 561802 35358 710 47 68
Nov-25 568802 360124 716752 48 69
Nov-26 574546 364332 720672 48 69
Nov-27 57893 36952 724824 49 69
Nov-28 582814 377852 729172 5 69
Nov-29 58561 388264 730416 51 7
Nov-30 588422 396364 732412 52 7
Dec-01 591438 407728 735704 52 7
Dec-02 594274 414648 738192 53 7
Dec-03 597002 42232 740312 54 7
Dec-04 601042 427388 743156 55 7
Dec-05 605394 43246 750432 56 7
Dec-06 610078 438292 75839 56 7
Dec-07 617094 447072 763426 57 71
Dec-08 621458 45366 766248 57 71
Dec-09 623962 460588 7684 58 7
Dec-10 63095 46921 771594 59 7
Dec-11 635566 481482 775878 6 71
Dec-12 642502 48885 78275 6 71
Dec-13 649742 499602 78785 6 7
Dec-14 65815 509698 791862 61 71
Dec-15 662126 515178 797586 61 71
Dec-16 667966 522814 80215 61 71
Dec-17 673974 529578 810014 62 71
Dec-18 676898 537354 81391 62 71
Dec-19 680222 544574 815174 62 71
Dec-20 684598 55039 82225 62 71
Dec-21 689722 556622 82803 62 71
Dec-22 697602 560194 832886 62 71
Dec-23 70129 567118 838426 61 71
Dec-24 70669 573266 846136 61 71
Dec-25 708366 58053 848 61 72
Dec-26 710446 588766 852876 61 72
Dec-27 713818 595826 855604 6 72
Dec-28 71879 60375 860756 6 72
Dec-29 727414 610454 864652 6 72
Dec-30 733598 617218 871628 6 72
Dec-31 739248 626332 875934 59 73
Jan-01 743224 635558 87995 59 72
Jan-02 745184 64569 882542 58 73
Jan-03 749496 653898 885678 58 73
Jan-04 753786 664308 88883 58 73
Jan-05 758918 673588 893222 57 74
Jan-06 762998 685356 896982 57 74
Jan-07 766544 6916 901356 56 74
Jan-08 768952 700506 907956 56 75
Jan-09 77438 710522 913684 56 75
Jan-10 781904 718902 919052 55 75
Jan-11 788208 726078 925492 55 75
Jan-12 79456 735638 929744 55 76
Jan-13 800452 74447 93248 55 76
Jan-14 804716 753262 939044 54 76
Jan-15 810692 764854 947368 54 76
Jan-16 815796 773346 95577 54 77
Jan-17 82062 781266 96295 54 77
Jan-18 82456 788226 966778 54 77
Jan-19 829312 79381 969044 54 78
Jan-20 83652 800718 976852 54 78
Jan-21 840784 809782 980462 55 78
Jan-22 84686 815818 984158 55 79
Jan-23 852196 824174 988466 55 79
Jan-24 85726 831706 99199 55 79
Jan-25 866372 83847 100142 55 8
Jan-26 872064 846934 100761 55 8
Jan-27 878372 85433 101541 56 8
Jan-28 883588 85997 101846 56 8
Jan-29 889244 867398 102653 57 81
Jan-30 896468 876534 103566 57 81
Jan-31 90484 883646 10443 57 82
Feb-01 915208 891514 105294 58 82
Feb-02 921476 90037 106103 58 82
Feb-03 927964 909646 106442 59 82
Feb-04 93286 918026 107032 59 82
Feb-05 937408 928946 107763 59 82
Feb-06 94201 937412 108254 6 83
Feb-07 947086 952884 108552 6 83
Feb-08 952246 96228 109098 6 83
Feb-09 955886 968904 109558 6 83
Feb-10 96133 9754 110469 61 83
Feb-11 96697 981996 110991 6 83
Feb-12 969426 992592 111242 6 83
Feb-13 97417 999652 111567 6 83
Feb-14 980506 100768 112062 6 83
Feb-15 985954 101555 112725 6 83
Feb-16 99267 102422 1134 6 83
Feb-17 997258 103353 113994 6 83
Feb-18 100341 104026 114302 59 82
Feb-19 100826 104853 11448 59 82
Feb-20 10135 105757 115195 58 82
Feb-21 101997 106745 115619 58 82
Feb-22 102626 107418 115978 57 82
Feb-23 103088 108182 116461 56 82
Feb-24 103827 108792 117726 55 81
Feb-25 104473 10951 118573 55 81
Feb-26 104847 110097 119134 54 8
Feb-27 105214 110854 119655 53 8
Feb-28 105754 111584 119994 52 79
Mar-01 106131 112306 12051 51 79
Mar-02 106455 11297 12082 5 78
Mar-03 106966 113829 121208 49 78
Mar-04 107273 114705 121571 49 77
Mar-05 107551 115385 122014 48 77
Mar-06 107835 116451 122605 47 76
Mar-07 108221 117131 123162 46 76
Mar-08 108449 117625 123525 45 75
Mar-09 108706 118251 123844 45 75
Mar-10 109109 118828 124456 44 74
Mar-11 109385 119645 124956 43 73
Mar-12 109721 120487 125389 42 73
Mar-13 110119 121134 125913 42 72
Mar-14 110432 122035 126473 41 71
Mar-15 11068 122842 126772 41 7
Mar-16 110909 123543 127254 4 7
Mar-17 111538 124458 127636 4 68
Mar-18 112072 125557 128608 4 68
Mar-19 112325 126969 128885 39 67
Mar-20 112907 127667 129129 39 66
Mar-21 113171 128444 12943 39 65
Mar-22 113633 129037 129641 39 64
Mar-23 113946 129689 130187 38 63
Mar-24 114494 130371 130687 39 62
Mar-25 114798 13106 13116 39 61
Mar-26 115109 131501 131718 39 61
Mar-27 1155 132129 132139 39 6
Mar-28 115791 132728 132677 39 58
Mar-29 116153 133382 133207 39 58
Mar-30 116608 134038 133786 4 57
Mar-31 116879 134388 134263 4 56
Apr-01 117448 13481 135173 4 55
Apr-02 117731 135548 135867 4 54
Apr-03 117943 136158 136402 41 53
Apr-04 118451 136585 137352 41 52
Apr-05 118751 136883 137983 42 51
Apr-06 118931 137352 138669 42 5
Apr-07 119668 137681 139307 42 49
Apr-08 120095 137925 139919 43 48
Apr-09 120417 138207 140221 43 47
Apr-10 120927 138485 140749 44 46
Apr-11 121133 138983 141135 44 45
Apr-12 121383 139608 141819 44 44
Apr-13 122001 14036 142518 45 43
Apr-14 122484 140746 143004 45 42
Apr-15 123102 14132 143888 46 41
Apr-16 123593 141693 144598 46 4
Apr-17 124211 142326 14511 46 39
Apr-18 124985 142663 145816 46 38
Apr-19 125699 143123 146355 46 37
Apr-20 126363 143359 146813 47 36
Apr-21 126625 143631 14718 47 35
Apr-22 126848 143999 147422 47 35
Apr-23 127155 144221 14801 47 34
Apr-24 127786 144374 148823 47 33
Apr-25 128226 144671 149713 47 32
Apr-26 128702 144918 150257 47 31
Apr-27 128934 145129 150715 47 31
Apr-28 12922 145279 151235 47 3
Apr-29 129737 145416 151968 47 29
Apr-30 130073 145645 152481 47 28
May-01 130327 145749 152759 46 27
May-02 130623 145967 153177 46 27
May-03 131046 146091 153532 46 26
May-04 131572 14629 154097 46 25
May-05 131847 146391 154588 46 24
May-06 132538 146643 154808 45 24
May-07 132866 146852 155413 45 23
May-08 13334 146912 15599 45 22
May-09 133673 147045 156414 45 22
May-10 134007 147091 15677 45 21
May-11 134298 147144 157185 44 2
May-12 13464 147175 157683 44 2
May-13 135307 147252 158313 44 19
May-14 135985 147549 158803 44 19
May-15 13632 147685 15911 44 18
May-16 136885 147977 159807 44 17
May-17 137428 148068 160351 44 17
May-18 138029 148179 160972 43 16
May-19 138529 148214 161583 44 15
May-20 139212 148227 162319 44 15
May-21 140112 148465 163037 44 14
May-22 140769 148569 163618 44 14
May-23 141341 148687 164089 44 14
May-24 141704 148804 164369 44 13
May-25 142195 148864 164796 44 12
May-26 142465 148911 165278 44 12
May-27 142872 149025 166129 44 11
May-28 143259 149056 16711 44 11
May-29 143676 149113 167891 44 11
May-30 1442 149161 168626 44 11
May-31 144545 149393 169258 44 1
Jun-01 144785 149493 169409 44 1
Jun-02 144969 149569 169717 45 09
Jun-03 145211 149575 170452 44 09
Jun-04 145532 149647 170986 44 09
Jun-05 146458 14967 171959 45 08
Jun-06 147033 149791 172742 45 08
Jun-07 147535 149896 173169 45 08
Jun-08 147838 149911 173672 45 07
Jun-09 148111 149915 174203 45 07
Jun-10 148302 149975 174903 44 07
Jun-11 148548 149975 175279 44 07
Jun-12 148795 149975 175763 44 07
Jun-13 149169 149975 176279 44 07
Jun-14 149886 149981 176859 44 07
Jun-15 150168 150142 17703 44 06
Jun-16 150462 150186 177623 43 06
Jun-17 150731 15021 178343 43 06
Jun-18 151447 150243 178887 42 06
Jun-19 152109 150247 179668 42 06
Jun-20 152758 150287 179981 41 06
Jun-21 153139 150315 180324 41 06
Jun-22 153321 150421 180658 4 06
Jun-23 153536 150428 181094 4 05
Jun-24 154122 150543 181596 39 05
Jun-25 154487 15062 181875 38 06
Jun-26 154764 150696 182241 38 06
Jun-27 15517 150702 182588 37 06
Jun-28 155453 15071 182874 36 05
Jun-29 155786 150817 183159 36 05
Jun-30 15612 150901 183853 35 06
Jul-01 Jul-01
Jul-02 Jul-02
Jul-03 Jul-03
Jul-04 Jul-04
Jul-05 Jul-05
Jul-06 Jul-06
Jul-07 Jul-07
Jul-08 Jul-08
Jul-09 Jul-09
Jul-10 Jul-10
Jul-11 Jul-11
Jul-12 Jul-12
Jul-13 Jul-13
Jul-14 Jul-14
Jul-15 Jul-15
Jul-16 Jul-16
Jul-17 Jul-17
Jul-18 Jul-18
Jul-19 Jul-19
Jul-20 Jul-20
Jul-21 Jul-21
Jul-22 Jul-22
Jul-23 Jul-23
Jul-24 Jul-24
Jul-25 Jul-25
Jul-26 Jul-26
Jul-27 Jul-27
Jul-28 Jul-28
Jul-29 Jul-29
Jul-30 Jul-30
Jul-31 Jul-31
Aug-01 Aug-01
Aug-02 Aug-02
Aug-03 Aug-03
Aug-04 Aug-04
Aug-05 Aug-05
Aug-06 Aug-06
Aug-07 Aug-07
Aug-08 Aug-08
Aug-09 Aug-09
Aug-10 Aug-10
Aug-11 Aug-11
Aug-12 Aug-12
Aug-13 Aug-13
Aug-14 Aug-14
Aug-15 Aug-15
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Aug-17 Aug-17
Aug-18 Aug-18
Aug-19 Aug-19
Aug-20 Aug-20
Aug-21 Aug-21
Aug-22 Aug-22
Aug-23 Aug-23
Aug-24 Aug-24
Aug-25 Aug-25
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Aug-27 Aug-27
Aug-28 Aug-28
Aug-29 Aug-29
Aug-30 Aug-30
Aug-31 Aug-31
Sep-01 Sep-01
Sep-02 Sep-02
Sep-03 Sep-03
Sep-04 Sep-04
Sep-05 Sep-05
Sep-06 Sep-06
Sep-07 Sep-07
Sep-08 Sep-08
Sep-09 Sep-09
Sep-10 Sep-10
Sep-11 Sep-11
Sep-12 Sep-12
Sep-13 Sep-13
Sep-14 Sep-14
Sep-15 Sep-15
Sep-16 Sep-16
Sep-17 Sep-17
Sep-18 Sep-18
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Oct-01 Oct-01
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Oct-08 Oct-08
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Oct-13 Oct-13
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Oct-16 Oct-16
Oct-17 Oct-17
Oct-18 Oct-18
Oct-19 Oct-19
Oct-20 Oct-20
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Oct-22 Oct-22
Oct-23 Oct-23
Oct-24 Oct-24
Oct-25 Oct-25
Oct-26 Oct-26
Oct-27 Oct-27
Oct-28 Oct-28
Oct-29 Oct-29
Oct-30 Oct-30
Oct-31 Oct-31
Nov-01 Nov-01
Nov-02 Nov-02
Nov-03 Nov-03
Nov-04 Nov-04
Nov-05 Nov-05
Nov-06 Nov-06
Nov-07 Nov-07
Nov-08 Nov-08
Nov-09 Nov-09
Nov-10 Nov-10
Nov-11 Nov-11
Nov-12 Nov-12
Nov-13 Nov-13
Nov-14 Nov-14
Nov-15 Nov-15
Nov-16 Nov-16
Nov-17 Nov-17
Nov-18 Nov-18
Nov-19 Nov-19
Nov-20 Nov-20
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Nov-23 Nov-23
Nov-24 Nov-24
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Dec-01 Dec-01
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Dec-07 Dec-07
Dec-08 Dec-08
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Mar-01 Mar-01
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Mar-23 Mar-23
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Mar-27 Mar-27
Mar-28 Mar-28
Mar-29 Mar-29
Mar-30 Mar-30
Mar-31 Mar-31
Apr-01 Apr-01
Apr-02 Apr-02
Apr-03 Apr-03
Apr-04 Apr-04
Apr-05 Apr-05
Apr-06 Apr-06
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Page 17: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Rainfall normals

Rainfall normals

Parana
MT
Brazil Normal Daily Rainfall (mm)

Sheet2

Sheet3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Cumulative Daily
Parana MT RGDS Parana MT
Jul-01 2764 0 7088 34 05
Jul-02 5128 0 12232 33 05
Jul-03 86 0952 18532 33 05
Jul-04 11196 2116 21512 32 05
Jul-05 12908 214 25204 31 06
Jul-06 15308 246 31972 3 05
Jul-07 19736 246 38674 3 05
Jul-08 23852 2464 4448 29 05
Jul-09 29252 3412 5054 28 05
Jul-10 32968 3748 55088 28 05
Jul-11 352 384 60272 27 05
Jul-12 37316 392 61724 27 05
Jul-13 38576 3932 62328 26 05
Jul-14 38684 396 63566 25 05
Jul-15 39676 3976 66248 25 05
Jul-16 44864 3976 72016 24 05
Jul-17 4847 3976 76014 24 05
Jul-18 5265 4128 80946 24 05
Jul-19 56222 4228 86874 23 05
Jul-20 58754 456 92074 23 05
Jul-21 62098 4616 95112 23 05
Jul-22 63482 47 98508 23 05
Jul-23 66322 6736 10102 23 05
Jul-24 66826 6868 102116 22 05
Jul-25 68194 7008 104668 22 05
Jul-26 69974 7432 10911 22 05
Jul-27 72834 7488 113962 22 05
Jul-28 75074 7568 118294 22 05
Jul-29 76562 7608 124178 22 05
Jul-30 78202 7628 129238 22 05
Jul-31 80654 8448 135082 23 05
Aug-01 84138 9236 140582 23 05
Aug-02 86938 9384 144806 23 05
Aug-03 88686 9452 150098 23 05
Aug-04 90358 996 155774 23 06
Aug-05 92794 11416 158934 23 06
Aug-06 9575 12692 162478 24 05
Aug-07 98422 127 167014 24 05
Aug-08 100086 12704 170066 24 05
Aug-09 102978 12704 177274 24 06
Aug-10 105066 1304 180992 25 06
Aug-11 106538 1312 18366 25 06
Aug-12 108098 13508 185076 25 06
Aug-13 108986 13644 186364 25 06
Aug-14 111482 13908 18984 26 07
Aug-15 11377 15204 195176 26 07
Aug-16 117674 1592 201236 27 08
Aug-17 11985 1596 20416 27 08
Aug-18 123498 16052 208836 27 08
Aug-19 12841 1614 211548 28 08
Aug-20 13183 16564 21698 28 09
Aug-21 135826 17052 221748 28 09
Aug-22 138234 17196 223168 29 09
Aug-23 139438 18948 225216 29 1
Aug-24 14061 19588 228608 29 1
Aug-25 143082 21084 231288 3 11
Aug-26 144454 22012 235172 3 11
Aug-27 149278 22012 238864 3 12
Aug-28 15179 22856 24076 31 12
Aug-29 153774 24556 243712 31 13
Aug-30 154746 25356 246228 32 13
Aug-31 158766 26432 251112 32 13
Sep-01 161398 28168 255196 33 14
Sep-02 16531 30132 257996 33 14
Sep-03 167078 30308 259736 34 15
Sep-04 17003 30388 263592 34 16
Sep-05 173546 30768 26666 35 16
Sep-06 175398 3148 268684 36 17
Sep-07 181814 3268 272 37 17
Sep-08 187614 36846 277494 37 18
Sep-09 191406 38834 281182 38 18
Sep-10 192502 4009 284174 39 19
Sep-11 193486 41462 292254 39 2
Sep-12 199146 42282 302174 4 2
Sep-13 205058 44022 308424 41 21
Sep-14 211134 45642 31666 42 22
Sep-15 218042 4695 325528 43 22
Sep-16 221954 49078 330032 44 22
Sep-17 224018 49926 332248 45 23
Sep-18 228086 50494 340216 46 24
Sep-19 232194 53954 34878 47 24
Sep-20 23891 54818 355518 48 25
Sep-21 240914 56926 361376 48 26
Sep-22 244254 58866 365848 49 26
Sep-23 248926 60538 37564 5 27
Sep-24 256398 6307 389776 51 28
Sep-25 26425 65454 395308 52 28
Sep-26 268946 69902 40004 53 29
Sep-27 27237 70662 4038 53 29
Sep-28 277442 72082 407884 54 3
Sep-29 284522 76594 413128 55 31
Sep-30 290042 81582 418636 56 31
Oct-01 299106 84374 427364 56 32
Oct-02 305186 8773 431952 57 33
Oct-03 308186 89546 436956 57 33
Oct-04 31191 94862 442232 58 34
Oct-05 315982 9665 452052 58 35
Oct-06 322018 100354 4593 58 36
Oct-07 32445 103338 461674 59 36
Oct-08 330414 10633 46959 59 37
Oct-09 33641 10839 478896 59 38
Oct-10 342482 112878 4864 59 38
Oct-11 349454 115038 49178 59 39
Oct-12 35571 11893 498376 59 4
Oct-13 362234 123062 50792 59 41
Oct-14 367638 126802 513484 59 41
Oct-15 369866 129274 519524 58 42
Oct-16 375386 13339 528236 58 43
Oct-17 383966 13761 539512 58 44
Oct-18 388114 141006 54398 57 45
Oct-19 39491 146666 547548 57 45
Oct-20 401666 150358 554624 56 46
Oct-21 406878 153806 560316 56 47
Oct-22 411594 157198 563256 55 48
Oct-23 414694 163434 566624 55 48
Oct-24 41811 168974 571808 54 49
Oct-25 424658 173138 577804 53 5
Oct-26 433038 178442 585308 52 51
Oct-27 442146 18707 5891 52 52
Oct-28 444998 192174 592184 51 52
Oct-29 447778 195098 59562 5 53
Oct-30 449114 202238 599922 49 54
Oct-31 453102 207962 606102 49 55
Nov-01 460738 21235 611414 48 55
Nov-02 46535 217874 616194 47 56
Nov-03 471222 224532 620408 47 57
Nov-04 47721 229184 626328 46 58
Nov-05 481826 236736 63376 46 59
Nov-06 490546 240048 643056 45 59
Nov-07 493758 244132 645724 45 6
Nov-08 49723 248816 650184 44 61
Nov-09 500526 255364 654412 44 61
Nov-10 505182 26546 65976 44 62
Nov-11 509178 271336 664348 44 62
Nov-12 513334 276676 66896 43 63
Nov-13 519854 282156 675124 43 64
Nov-14 52521 28843 678284 43 64
Nov-15 53069 292758 680652 43 65
Nov-16 533158 304166 684364 43 65
Nov-17 537386 30969 68864 44 66
Nov-18 54063 31615 693612 44 66
Nov-19 54451 320838 697756 44 66
Nov-20 548162 331762 699288 45 67
Nov-21 552446 337868 702032 45 68
Nov-22 556582 343624 703216 46 68
Nov-23 558166 35038 706056 46 68
Nov-24 561802 35358 710 47 68
Nov-25 568802 360124 716752 48 69
Nov-26 574546 364332 720672 48 69
Nov-27 57893 36952 724824 49 69
Nov-28 582814 377852 729172 5 69
Nov-29 58561 388264 730416 51 7
Nov-30 588422 396364 732412 52 7
Dec-01 591438 407728 735704 52 7
Dec-02 594274 414648 738192 53 7
Dec-03 597002 42232 740312 54 7
Dec-04 601042 427388 743156 55 7
Dec-05 605394 43246 750432 56 7
Dec-06 610078 438292 75839 56 7
Dec-07 617094 447072 763426 57 71
Dec-08 621458 45366 766248 57 71
Dec-09 623962 460588 7684 58 7
Dec-10 63095 46921 771594 59 7
Dec-11 635566 481482 775878 6 71
Dec-12 642502 48885 78275 6 71
Dec-13 649742 499602 78785 6 7
Dec-14 65815 509698 791862 61 71
Dec-15 662126 515178 797586 61 71
Dec-16 667966 522814 80215 61 71
Dec-17 673974 529578 810014 62 71
Dec-18 676898 537354 81391 62 71
Dec-19 680222 544574 815174 62 71
Dec-20 684598 55039 82225 62 71
Dec-21 689722 556622 82803 62 71
Dec-22 697602 560194 832886 62 71
Dec-23 70129 567118 838426 61 71
Dec-24 70669 573266 846136 61 71
Dec-25 708366 58053 848 61 72
Dec-26 710446 588766 852876 61 72
Dec-27 713818 595826 855604 6 72
Dec-28 71879 60375 860756 6 72
Dec-29 727414 610454 864652 6 72
Dec-30 733598 617218 871628 6 72
Dec-31 739248 626332 875934 59 73
Jan-01 743224 635558 87995 59 72
Jan-02 745184 64569 882542 58 73
Jan-03 749496 653898 885678 58 73
Jan-04 753786 664308 88883 58 73
Jan-05 758918 673588 893222 57 74
Jan-06 762998 685356 896982 57 74
Jan-07 766544 6916 901356 56 74
Jan-08 768952 700506 907956 56 75
Jan-09 77438 710522 913684 56 75
Jan-10 781904 718902 919052 55 75
Jan-11 788208 726078 925492 55 75
Jan-12 79456 735638 929744 55 76
Jan-13 800452 74447 93248 55 76
Jan-14 804716 753262 939044 54 76
Jan-15 810692 764854 947368 54 76
Jan-16 815796 773346 95577 54 77
Jan-17 82062 781266 96295 54 77
Jan-18 82456 788226 966778 54 77
Jan-19 829312 79381 969044 54 78
Jan-20 83652 800718 976852 54 78
Jan-21 840784 809782 980462 55 78
Jan-22 84686 815818 984158 55 79
Jan-23 852196 824174 988466 55 79
Jan-24 85726 831706 99199 55 79
Jan-25 866372 83847 100142 55 8
Jan-26 872064 846934 100761 55 8
Jan-27 878372 85433 101541 56 8
Jan-28 883588 85997 101846 56 8
Jan-29 889244 867398 102653 57 81
Jan-30 896468 876534 103566 57 81
Jan-31 90484 883646 10443 57 82
Feb-01 915208 891514 105294 58 82
Feb-02 921476 90037 106103 58 82
Feb-03 927964 909646 106442 59 82
Feb-04 93286 918026 107032 59 82
Feb-05 937408 928946 107763 59 82
Feb-06 94201 937412 108254 6 83
Feb-07 947086 952884 108552 6 83
Feb-08 952246 96228 109098 6 83
Feb-09 955886 968904 109558 6 83
Feb-10 96133 9754 110469 61 83
Feb-11 96697 981996 110991 6 83
Feb-12 969426 992592 111242 6 83
Feb-13 97417 999652 111567 6 83
Feb-14 980506 100768 112062 6 83
Feb-15 985954 101555 112725 6 83
Feb-16 99267 102422 1134 6 83
Feb-17 997258 103353 113994 6 83
Feb-18 100341 104026 114302 59 82
Feb-19 100826 104853 11448 59 82
Feb-20 10135 105757 115195 58 82
Feb-21 101997 106745 115619 58 82
Feb-22 102626 107418 115978 57 82
Feb-23 103088 108182 116461 56 82
Feb-24 103827 108792 117726 55 81
Feb-25 104473 10951 118573 55 81
Feb-26 104847 110097 119134 54 8
Feb-27 105214 110854 119655 53 8
Feb-28 105754 111584 119994 52 79
Mar-01 106131 112306 12051 51 79
Mar-02 106455 11297 12082 5 78
Mar-03 106966 113829 121208 49 78
Mar-04 107273 114705 121571 49 77
Mar-05 107551 115385 122014 48 77
Mar-06 107835 116451 122605 47 76
Mar-07 108221 117131 123162 46 76
Mar-08 108449 117625 123525 45 75
Mar-09 108706 118251 123844 45 75
Mar-10 109109 118828 124456 44 74
Mar-11 109385 119645 124956 43 73
Mar-12 109721 120487 125389 42 73
Mar-13 110119 121134 125913 42 72
Mar-14 110432 122035 126473 41 71
Mar-15 11068 122842 126772 41 7
Mar-16 110909 123543 127254 4 7
Mar-17 111538 124458 127636 4 68
Mar-18 112072 125557 128608 4 68
Mar-19 112325 126969 128885 39 67
Mar-20 112907 127667 129129 39 66
Mar-21 113171 128444 12943 39 65
Mar-22 113633 129037 129641 39 64
Mar-23 113946 129689 130187 38 63
Mar-24 114494 130371 130687 39 62
Mar-25 114798 13106 13116 39 61
Mar-26 115109 131501 131718 39 61
Mar-27 1155 132129 132139 39 6
Mar-28 115791 132728 132677 39 58
Mar-29 116153 133382 133207 39 58
Mar-30 116608 134038 133786 4 57
Mar-31 116879 134388 134263 4 56
Apr-01 117448 13481 135173 4 55
Apr-02 117731 135548 135867 4 54
Apr-03 117943 136158 136402 41 53
Apr-04 118451 136585 137352 41 52
Apr-05 118751 136883 137983 42 51
Apr-06 118931 137352 138669 42 5
Apr-07 119668 137681 139307 42 49
Apr-08 120095 137925 139919 43 48
Apr-09 120417 138207 140221 43 47
Apr-10 120927 138485 140749 44 46
Apr-11 121133 138983 141135 44 45
Apr-12 121383 139608 141819 44 44
Apr-13 122001 14036 142518 45 43
Apr-14 122484 140746 143004 45 42
Apr-15 123102 14132 143888 46 41
Apr-16 123593 141693 144598 46 4
Apr-17 124211 142326 14511 46 39
Apr-18 124985 142663 145816 46 38
Apr-19 125699 143123 146355 46 37
Apr-20 126363 143359 146813 47 36
Apr-21 126625 143631 14718 47 35
Apr-22 126848 143999 147422 47 35
Apr-23 127155 144221 14801 47 34
Apr-24 127786 144374 148823 47 33
Apr-25 128226 144671 149713 47 32
Apr-26 128702 144918 150257 47 31
Apr-27 128934 145129 150715 47 31
Apr-28 12922 145279 151235 47 3
Apr-29 129737 145416 151968 47 29
Apr-30 130073 145645 152481 47 28
May-01 130327 145749 152759 46 27
May-02 130623 145967 153177 46 27
May-03 131046 146091 153532 46 26
May-04 131572 14629 154097 46 25
May-05 131847 146391 154588 46 24
May-06 132538 146643 154808 45 24
May-07 132866 146852 155413 45 23
May-08 13334 146912 15599 45 22
May-09 133673 147045 156414 45 22
May-10 134007 147091 15677 45 21
May-11 134298 147144 157185 44 2
May-12 13464 147175 157683 44 2
May-13 135307 147252 158313 44 19
May-14 135985 147549 158803 44 19
May-15 13632 147685 15911 44 18
May-16 136885 147977 159807 44 17
May-17 137428 148068 160351 44 17
May-18 138029 148179 160972 43 16
May-19 138529 148214 161583 44 15
May-20 139212 148227 162319 44 15
May-21 140112 148465 163037 44 14
May-22 140769 148569 163618 44 14
May-23 141341 148687 164089 44 14
May-24 141704 148804 164369 44 13
May-25 142195 148864 164796 44 12
May-26 142465 148911 165278 44 12
May-27 142872 149025 166129 44 11
May-28 143259 149056 16711 44 11
May-29 143676 149113 167891 44 11
May-30 1442 149161 168626 44 11
May-31 144545 149393 169258 44 1
Jun-01 144785 149493 169409 44 1
Jun-02 144969 149569 169717 45 09
Jun-03 145211 149575 170452 44 09
Jun-04 145532 149647 170986 44 09
Jun-05 146458 14967 171959 45 08
Jun-06 147033 149791 172742 45 08
Jun-07 147535 149896 173169 45 08
Jun-08 147838 149911 173672 45 07
Jun-09 148111 149915 174203 45 07
Jun-10 148302 149975 174903 44 07
Jun-11 148548 149975 175279 44 07
Jun-12 148795 149975 175763 44 07
Jun-13 149169 149975 176279 44 07
Jun-14 149886 149981 176859 44 07
Jun-15 150168 150142 17703 44 06
Jun-16 150462 150186 177623 43 06
Jun-17 150731 15021 178343 43 06
Jun-18 151447 150243 178887 42 06
Jun-19 152109 150247 179668 42 06
Jun-20 152758 150287 179981 41 06
Jun-21 153139 150315 180324 41 06
Jun-22 153321 150421 180658 4 06
Jun-23 153536 150428 181094 4 05
Jun-24 154122 150543 181596 39 05
Jun-25 154487 15062 181875 38 06
Jun-26 154764 150696 182241 38 06
Jun-27 15517 150702 182588 37 06
Jun-28 155453 15071 182874 36 05
Jun-29 155786 150817 183159 36 05
Jun-30 15612 150901 183853 35 06
Page 18: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Rainfall normals

Parana
MT
Brazil Normal Daily Rainfall (mm)

Sheet2

Sheet3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 19: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Sheet2

Sheet3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 20: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Sheet3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 21: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

362

434416

480516 506

540

419

560

494

549

000

100

200

300

400

500

600

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

100000

2008

200

9

2009

201

0

2010

201

1

2011

201

2

2012

201

3

2013

201

4

2014

201

5

2015

201

6

2016

201

7

2017

201

8

2018

201

9E

Yiel

d (m

tha

)

Thou

sand

Hec

tare

s or T

ons

Brazil Corn

Area (th ha) Production (th ton) Yield (mtha)

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 PRODUCTION is unchanged at 945 mmtAREA 172 mha down 2 from last monthYIELD 549 mtha up 2 from last month

Source USDAFASPSD

March 8 2019

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 22: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Sorghum is grown in the same region as dryland cotton albeit over a somewhat broader area

March 8 2019

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 23: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

The two analog years had and the current year has below-normal rainfall during the middle of the growing season of

avg

(41)(66)(36)

March 8 2019

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 24: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Dec 22

35degC

40degC

Tmax ge 35degC = 31 days (since Dec 22)

Numerous days of hot weather

March 8 2019

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 25: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

1283

971

775

1472

557

931

1272

15921425

1081

1891

2116

19352021

1465

2009 20111929

1283

3790

2692

1508

1935

2239 2230

1282

2209

1791

994

14391300

000

050

100

150

200

250

300

350

400

450

0

500

1000

1500

2000

2500

3000

3500

4000

4500

tons

per

ha

100

0 x

ha

10

00 x

mt

AS Sorghum Prod

AS Sorghum Area

AS Sorghum Yield

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division

Australia Sorghum Production Area and Yield

March 8 2019

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 26: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

World Corn Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 3506 3412 03 -95Production 10762 11012 16 249Total Supply 14269 14423 19 155

Feed use 6714 7029 49 315Total use 10857 11338 31 481

Trade 1466 1670 -04 204Ending Stocks 3412 3085 -12 -326

---------------- Million Tons ----------------

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 27: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

US Corn Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 891 -- -10Harvested area (million acres) 827 817 -- -10Yield (bushels per acre) 1766 1764 -- -02

------------ Million bushels ------------Beginning stocks 2293 2140 -- -153Production 14609 14420 -- -189Imports 36 40 -- 4Total supply 16939 16600 -- -339

Feed and residual 5304 5375 -- 71Food seed and industrial 7056 7015 -25 -41Ethanol 5605 5550 -25 -55Domestic use 12360 12390 -25 30

Exports 2438 2375 -75 -63Total use 14799 14765 -100 -34

Ending stocks 2140 1835 100 -305----------------- Percent -----------------

Stocks to use ratio 145 124 08 -20

Average market price 336 335375 -005 019-- No change

------------ Dollars per bushel ------------

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 28: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

World Soybean Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 3405 3601 -09 196United States 1201 1237 -- 36

Foreign 2204 2364 -09 160Argentina 378 550 -- 172Brazil 1208 1165 -05 -43Paraguay 103 90 -05 -13Canada 77 73 -- -04India 84 110 -- 26China 152 159 -- 07

-- No change

---------------- Million Tons ----------------

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 29: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Nearly 80 irrigated

March 8 2019

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 30: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Good monsoon rainfall replenishing irrigation

March 8 2019

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 31: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Good rainfall during growing season as well

March 8 2019

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 32: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Beneficially cool weather throughout reproduction

March 8 2019

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 33: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

March 8 2019

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 34: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

11

080

085

090

095

100

105

110

115

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

Yiel

d (M

THA

)India Rapeseed Yields at Record Level

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 35: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

India Rapeseed Production

635603

71

603

6851665

508

592

662 645 66

0

1

2

3

4

5

6

7

8

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018f

MIL

LIO

N M

T

Foreign Agriculture ServiceOffice of Global AnalysisInternational Production Assessment Division March 8 2019

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 36: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Planting and Harvest Schedule-Soybean

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division March 8 2019

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 37: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

266

294

311

266

296288

303

290

338344

323

200

220

240

260

280

300

320

340

360

0

20000

40000

60000

80000

100000

120000

140000

2008

09

2009

10

2010

11

2011

12

2012

13

2013

14

2014

15

2015

16

2016

17

2017

18

2018

19F

Met

ric T

onH

ecta

re

Thou

sand

Hec

tare

s or M

etric

Ton

sBRAZIL Soybeans

Area Production Yield

Foreign Agricultural ServiceOffice of Global AnalysisIPA Division

201819 Production is further reduced due to droughtAREA 361 mha (RECORD)YIELD 323 mtha PROD 1165 mmt down 05 mmt from last month

March 8 2019

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 38: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

World Soybean Supply and Use

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 958 986 05 27Production 3405 3601 -09 196Total Supply 4363 4586 -04 223

Crush 2951 3038 -09 87Total use 3380 3485 -09 104

Trade 1530 1542 -02 12Ending Stocks 986 1072 04 86

AddendumBeginning stocksArgentina plus Brazil 605 564 -- -41

ImportsChina 941 880 -- -61

From all sources -- No change

---------------- Million Tons ----------------

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 39: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

US Soybeans Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 902 892 -- -10Harvested area (million acres) 895 881 -- -14Yield (bushels per acre) 493 516 -- 23

------------ Million bushels ------------Beginning stocks 302 438 -- 137Production 4412 4544 -- 132Imports 22 20 -- -2Total supply 4735 5002 -- 267

Crush 2055 2100 10 45Seed and Residual 113 127 -- 14

Domestic use 2168 2227 10 59Exports 2129 1875 -- -254Total use 4297 4102 10 -195

Ending stocks 438 900 -10 462----------------- Percent -----------------

Stocks to use ratio 102 219 -03 117

Average market price 933 810910 -- -073-- No change

------------ Dollars per bushel ------------

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 40: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

World Cotton Production

March 8 2019

Country or Region20172018

estimate20182019

forecastChange from February 8

Change from20172018

World 1238 1189 04 -49United States 209 184 -- -25

Foreign 1029 1005 04 -24Argentina 08 12 -- 03Brazil 92 118 04 25Turkey 40 37 -- -03Australia 48 25 -01 -23China 275 275 -- --India 290 270 -- -20Pakistan 82 77 02 -05Uzbekistan 39 34 -- -05Turkmenistan 13 09 -01 -04African Franc Zone 54 56 -- 02

---------------- Million bales ----------------

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 41: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Cotton is grown in southern Queensland amp throughout New South Wales

March 8 2019

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 42: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Source Cotton Australia Cotton Growers Publication FAS

0

1000

2000

3000

4000

5000

6000

Prod

uctio

n 0

00 (4

80 LB

)

Irrigated Cotton Production

Dryland Cotton Production

March 8 2019

Australia Cotton Production Dryland and Irrigated

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 43: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Water storages in the Murray-Darling Basin

Feb 27 2018

Feb 27 2019

Water storage levels in the Murray-Darling Basin (MDB) decreased between 20 February and 27 February 2019 by 178 gigalitres (GL) Current volume of water held in storage is 9423 GL which represents 37 per cent of total capacity This is 35 percentage points or 5125 GL less than at the same time last year

Source Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Weekly Water Update

- 35

March 8 2019

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 44: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

World Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Beginning stocks 804 811 01 07Production 1238 1189 04 -49Total Supply 2042 2000 05 -41

Consumption 1226 1236 10Trade 409 422 -01 13Ending Stocks 811 761 06 -51

AddendumChina ending stocks 380 324 -- -57

-- No change Rounds to zero

---------------- Million bales ----------------

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 45: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

US Cotton Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

Planted area (million acres) 1272 1410 -- 138Harvested area (million acres) 1110 1053 -- -057Yield (pounds per acre) 905 838 -- -67

------------ Million bales ------------Beginning stocks 275 430 -- 155Production 2092 1839 -- -253Imports 000 001 -- Total supply 2368 2270 -- -098

Mill use 323 320 -002Exports 1585 1500 -- -085

Total use 1907 1820 -087Unaccounted 030 020 -- -011Ending stocks 430 430 -- --

----------------- Percent -----------------Stocks to use ratio 225 236 11

Average market price 6860 69007100 -200 140-- No change Rounds to zero

------------ Cents per pound ------------

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 46: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

US Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand short tons raw value ------------Beginning Stocks 1876 2008 -- 132Production 9293 9103 86 -190Beets 5279 5004 104 -275Cane 4014 4099 -18 85

Imports 3277 2862 -214 -415TRQ 1663 1560 -- -103Re-export 326 350 -- 24Mexico 1223 897 -224 -327High-tier 64 55 10 -9Total Supply 14445 13973 -128 -473

Exports 170 35 -- -135Domestic deliveries 12185 12270 -- 85Total use 12438 12305 -- -133

Ending stocks 2008 1668 -128 -340----------------- Percent -----------------

Stocksuse ratio 161 136 -10 -26-- No change

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 47: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Mexico Sugar Supply and Demand

March 8 2019

Item20172018

estimate20182019

forecastChange from February 8

Change from20172018

------------ Thousand metric tons ------------Beginning Stocks 1002 1395 -- 392Production 6010 6152 127 143Imports 204 70 -- -134

Total Supply 7216 7617 127 401Domestic Use 4723 5095 202 372Exports 1099 1102 -164 3Total use 5822 6197 38 375

Ending stocks 1395 1420 90 25-- No change

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 48: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Average Weekly FI Cattle Carcass Weights

7500

7600

7700

7800

7900

8000

8100

8200

8300

8400

8500

100

0 He

ad

2016-18 2018 2019

March 8 2019

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 49: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

US Meat Production and Prices

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

Production ------------ Billion Pounds ------------Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 4310 -- 051Turkey 588 586 -006 -002Total Meat 10242 10446 -028 204

Prices ------------ Dollars per cwt ------------Steers 11712 11963 113 251Hogs 4593 4188 -088 -405

------------ Cents per pound ------------Broilers 978 961 -09 -17Turkey 802 864 06 62

-- No change

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 50: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

US Meat TradeMillion Pounds

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

----------------- Exports -----------------Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature chickens 84 -5 84 -20 0

Total Meat 16794 -106 17227 -195 433----------------- Imports -----------------

Beef 2998 4 3010 -- 12-- No change

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 51: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Weekly Federally Inspected Dairy Cow Slaughter

250

300

350

400

450

500

550

600

650

700

750

100

0 He

ad

2014-18 2018 2019

March 8 2019

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 52: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

US Milk Supply and Demand

March 8 2019

Item2018

estimate2019

forecastChange from February 8

Change from2018

------------ Billion pounds ------------Production 2175 2197 -03 23Fat BasisImports 63 65 02Commercial use 2119 2153 -02 34Exports 105 101 -02 -04

Skim-solid BasisImports 55 52 01 -02Commercial use 1787 1801 05 14Exports 446 436 -09 -10 Rounds to zero

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 53: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

US Dairy Product Prices

March 8 2019

2018 2019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from2018

Product prices ----------------- Dollars per pound -----------------Cheese 154 -- 154 002

Butter 226 -- 230 002 004Nonfat dry milk 079 -- 099 020Dry whey 034 -- 044 -001 010

Class prices ----------------- Dollars per cwt -----------------Class III 1461 -- 1520 015 059Class IV 1423 -- 1610 015 187All milk 1618 -002 1730 005 113-- No change Rounds to zero

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 54: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

US Production Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1741 -- 1884 -- 144Rice (million cwt) 1782 -- 2242 -- 460Corn (million bushels) 14609 -- 14420 -- -189Sorghum (million bushels) 362 -- 365 -- 3Barley (million bushels) 143 -- 153 -- 10Oats (million bushels) 50 -- 56 -- 7Soybeans (million bushels) 4412 -- 4544 -- 132Soybean oil (million pounds) 23767 -- 24570 115 803Soybean meal (thousand st) 49216 -- 49147 -- -69Cotton (million bales) 2092 -- 1839 -- -253Sugar (thousand st raw value) 9293 -- 9103 86 -190

Milk (billion pounds) 2175 -01 2197 -03 23

Meat (billion pounds)Beef 2687 2730 -031 043Pork 2631 2743 009 112Broilers 4259 006 4310 -- 051Turkey 588 -001 586 -006 -002Total Meat 10242 004 10446 -028 204

-- No change Rounds to zero

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 55: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

US Domestic Consumption Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 1079 -- 1108 -5 29Rice (million cwt) 1348 -- 1350 -- 02Corn (million bushels) 12360 -- 12390 -25 30Sorghum (million bushels) 157 -- 250 15 93Barley (million bushels) 159 -- 160 -- 1Oats (million bushels) 146 -- 149 -5 3Soybeans (million bushels) 2168 -- 2227 10 59Soybean oil (million pounds) 21376 -- 22600 200 1224Soybean meal (thousand st) 35502 -- 35950 100 448Cotton (million bales) 323 -- 320 -002Sugar (thousand st raw value) 12185 -- 12270 -- 85

Milk (billion pounds fat basis) 2119 -01 2153 -02 34

Meat (Billion pounds)Beef 2676 005 2710 -032 035Pork 2150 001 2232 024 083Broilers 3522 013 3560 -004 038Turkey 529 -002 527 -005 -002Total Meat 8972 017 9126 -015 153

-- No change Rounds to zero

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 56: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

US Export Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and ProductsWheat (million bushels) 901 -- 965 -35 64Rice (million cwt) 870 -- 980 -20 110Corn (million bushels) 2438 -- 2375 -75 -63Sorghum (million bushels) 205 -- 85 -15 -120Soybeans (million bushels) 2129 -- 1875 -- -254Soybean oil (million pounds) 2447 -- 2250 -- -197Soybean meal (thousand st) 14057 -- 13750 -- -307Cotton (million bales) 1585 -- 1500 -- -085

Meat (Million lbs)Beef 3156 -24 3255 -- 99Pork 5870 -69 6125 -175 255Broilers 7068 -13 7145 -- 77Turkey 611 5 610 -- -1Mature Chickens 84 -5 84 -20 0Total Meat 16794 -106 17227 -195 433

-- No change

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary
Page 57: World Agricultural Supply and Demand Estimates€¦ · 2017/2018 World 763.1 733.0 -1.7 -30.1 United States 47.4 51.3 -- 3.9 Foreign 715.7 681.7 -1.7 -34.0 Argentina 18.5 19.5 0.3

Price Summary

March 8 2019

20172018 20182019

Item EstimateChange from February 8 Forecast

Change from February 8

Change from20172018

Crops and productsWheat ($bu) 472 -- 515 -- 043Rice ($cwt) 1290 020 1220 010 -070Corn ($bu) 336 -- 355 -005 019Soybeans ($bu) 933 -- 860 -- -073Soybean oil (centlb) 3004 -- 3000 -- -004Soybean meal ($st) 345 -- 315 -- -30Cotton (centlb) 6860 -- 7000 -200 140

LivestockSteers ($cwt) 11712 -- 11963 113 251Hogs ($cwt) 4593 -- 4188 -088 -405Broilers (centlb) 978 -- 961 -09 -17Turkeys (centlb) 802 -- 864 06 62

Dairy productsCheese ($lb) 154 -- 154 002 Butter ($lb) 226 -- 230 002 004Nonfat dry milk ($lb) 079 -- 099 020Dry whey ($lb) 034 -- 044 -001 010

Milk classesClass III ($cwt) 1461 -- 1520 015 059Class IV ($cwt) 1423 -- 1610 015 187All milk ($cwt) 1618 -002 1730 005 113

-- No change Rounds to zero

  • Interagency Commodity Estimates Committee ForecastsWorld Agricultural Outlook Board Chairing AgencyEconomic Research ServiceForeign Agricultural ServiceFarm Service AgencyAgricultural Marketing Service
  • Slide Number 2
  • World Wheat Production
  • World Wheat Supply and Use
  • US Wheat Supply and Demand
  • World Rice Production
  • Slide Number 7
  • Slide Number 8
  • India 201819 Rice Production
  • World Rice Supply and Use
  • US Rice Supply and Demand
  • World Corn Production
  • Slide Number 13
  • Slide Number 14
  • Slide Number 15
  • Slide Number 16
  • Slide Number 17
  • Slide Number 18
  • Slide Number 19
  • Australia Sorghum Production Area and Yield
  • World Corn Supply and Use
  • US Corn Supply and Demand
  • World Soybean Production
  • Slide Number 24
  • Slide Number 25
  • Slide Number 26
  • Slide Number 27
  • Slide Number 28
  • India Rapeseed Yields at Record Level
  • India Rapeseed Production
  • Slide Number 31
  • Slide Number 32
  • World Soybean Supply and Use
  • US Soybeans Supply and Demand
  • World Cotton Production
  • Slide Number 36
  • Australia Cotton Production Dryland and Irrigated
  • Water storages in the Murray-Darling Basin
  • World Cotton Supply and Demand
  • US Cotton Supply and Demand
  • US Sugar Supply and Demand
  • Mexico Sugar Supply and Demand
  • Average Weekly FI Cattle Carcass Weights
  • US Meat Production and Prices
  • US Meat TradeMillion Pounds
  • Weekly Federally Inspected Dairy Cow Slaughter
  • US Milk Supply and Demand
  • US Dairy Product Prices
  • US Production Summary
  • US Domestic Consumption Summary
  • US Export Summary
  • Price Summary

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