USDA Supply/Demand: U.S. Soybeans And Products- Dec 11
December 11 2018 - 12:32PM
Dow Jones News
U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/
==============================================================================
Item 2017/2018 2018/2019
prev Dec 11 prev Dec 11
==============================================================================
SOYBEANS Million acres
Area
Planted 90.1 90.1 89.1 89.1
Harvested 89.5 89.5 88.3 88.3
Bushels
Yield per harvested
acre 49.3 49.3 52.1 52.1
Million bushels
Beginning stocks 302 302 438 438
Production 4,411 4,411 4,600 4,600
Imports 22 22 25 25
Supply, total 4,734 4,734 5,063 5,063
Crushings 2,055 2,055 2,080 2,080
Exports 2,129 2,129 1,900 1,900
Seed 104 104 96 96
Residual 8 8 32 32
Use, total 4,296 4,296 4,107 4,107
Ending stocks 438 438 955 955
Avg farm prc ($/bu) 2/ 9.33 9.33 7.60 - 9.60 7.85 - 9.35
Million pounds
SOYBEAN OIL
Beginning stocks 1,711 1,711 1,990 1,990
Production 4/ 23,767 23,767 24,025 24,025
Imports 335 335 300 300
Supply, total 25,814 25,814 26,315 26,315
Domestic Disappearance 21,376 21,376 22,200 22,200
Biodiesel 3/ 7,150 7,134 7,800 7,800
Food,Feed & Other
Industrial 14,226 14,243 14,400 14,400
Exports 2,447 2,447 2,200 2,200
Use, total 23,824 23,824 24,400 24,400
Ending stocks 1,990 1,990 1,915 1,915
Avg farm prc (c/lb) 2/ 30.04 30.04 28.00 - 32.00 28.00 - 32.00
Thousand short tons
SOYBEAN MEAL
Beginning stocks 401 401 553 553
Production 4/ 49,216 49,216 49,147 49,147
Imports 495 495 350 350
Supply, total 50,112 50,112 50,050 50,050
Domestic 34,733 34,733 35,850 35,850
Exports 14,826 14,826 13,750 13,750
Use, total 49,559 49,559 49,600 49,600
Ending stocks 553 553 450 450
Avg farm prc ($/s.t) 2/ 345.02 345.02 290.00 - 330.00 290.00 - 330.00
==============================================================================
Note: Totals may not add due to rounding. Reliability calculations at end
of report. 1/ Marketing year beginning September 1 for soybeans; October 1
for soybean oil and soybean meal. 2/ Prices: soybeans marketing year
weighted average price received by farmers; oil simple average of crude
soybean oil Decatur; meal simple average of 48 percent protein Decatur.
3/ Reflects only biodiesel made from methyl ester as reported by the U.S.
Energy Information Administration. 4/ Based on an October year crush of 2
079 million bushels for 2017/18 and 2 080 million bushels for 2018/19.
Write to Linda Rice at csstat@dowjones.com
(END) Dow Jones Newswires
December 11, 2018 12:17 ET (17:17 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.