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

Features Dow Jones Newswires

U.S. Soybeans and Products Supply and Use (Domestic Measure)

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Item 2016/2017 2017/2018

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SOYBEANS Million acres

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Area

Planted 83.4 83.4 90.2 90.2

Harvested 82.7 82.7 89.5 89.5

Bushels

Yield per harvested

acre 52.0 52.0 49.5 49.5

Million bushels

Beginning stocks 197 197 301 301

Production 4,296 4,296 4,425 4,425

Imports 22 22 25 25

Supply, total 4,515 4,515 4,752 4,752

Crushings 1,899 1,899 1,940 1,940

Exports 2,174 2,174 2,250 2,225

Seed 105 105 101 106

Residual 36 36 35 35

Use, total 4,214 4,214 4,326 4,306

Ending stocks 301 301 425 445

Avg farm prc ($/bu) 9.47 9.47 8.45 - 10.15 8.60 - 10.00

Million pounds

SOYBEAN OIL

Beginning stocks 1,687 1,687 1,711 1,711

Production 22,099 22,099 22,505 22,505

Imports 319 319 300 300

Supply, total 24,104 24,104 24,516 24,516

Domestic Disappearance 19,837 19,837 20,800 21,000

Biodiesel 6,200 6,200 7,000 7,500

Food,Feed & Other

Industrial 13,637 13,637 13,800 13,500

Exports 2,556 2,556 2,100 1,900

Use, total 22,393 22,393 22,900 22,900

Ending stocks 1,711 1,711 1,616 1,616

Avg farm prc (c/lb) 32.48 32.48 32.50 - 36.50 32.50 - 36.50

Thousand short tons

SOYBEAN MEAL

Beginning stocks 264 264 401 401

Production 44,733 44,733 46,099 46,099

Imports 349 349 300 300

Supply, total 45,347 45,347 46,800 46,800

Domestic 33,345 33,345 34,300 34,300

Exports 11,601 11,601 12,200 12,200

Use, total 44,946 44,946 46,500 46,500

Ending stocks 401 401 300 300

Avg farm prc ($/s.t) 316.88 316.88 295.00 - 335.00 295.00 - 335.00

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(END) Dow Jones Newswires

December 12, 2017 12:15 ET (17:15 GMT)