USDA Supply/Demand: U.S. Soybeans and Products- Apr 9
April 09 2020 - 12:31PM
Dow Jones News
U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/
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Item 2018/19 2019/20
prev Apr 9 prev Apr 9
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SOYBEANS Million acres
Area
Planted 89.2 89.2 76.1 76.1
Harvested 87.6 87.6 75.0 75.0
Bushels
Yield per harvested
acre 50.6 50.6 47.4 47.4
Million bushels
Beginning stocks 438 438 909 909
Production 4,428 4,428 3,558 3,558
Imports 14 14 15 15
Supply, total 4,880 4,880 4,482 4,482
Crushings 2,092 2,092 2,105 2,125
Exports 1,748 1,748 1,825 1,775
Seed 88 88 99 97
Residual 43 43 29 5
Use, total 3,971 3,971 4,058 4,002
Ending stocks 909 909 425 480
Avg farm prc($/bu) 2/ 8.48 8.48 8.70 8.65
Million pounds
SOYBEAN OIL
Beginning stocks 1,995 1,995 1,775 1,775
Production 4/ 24,197 24,197 24,290 24,480
Imports 398 398 450 375
Supply, total 26,590 26,590 26,515 26,630
Domestic Disappearance 22,874 22,874 22,900 22,400
Biodiesel 3/ 7,863 7,863 8,000 7,700
Food, Feed &
other industrial 15,011 15,011 14,900 14,700
Exports 1,941 1,941 2,100 2,400
Use, total 24,815 24,815 25,000 24,800
Ending stocks 1,775 1,775 1,515 1,830
Avg farm prc(c/lb) 2/ 28.26 28.26 31.50 30.00
Thousand short tons
SOYBEAN MEAL
Beginning stocks 555 555 402 402
Production 4/ 48,814 48,814 49,473 49,973
Imports 684 684 500 550
Supply, total 50,053 50,053 50,375 50,925
Domestic Disappearance 36,097 36,097 36,800 37,100
Exports 13,554 13,554 13,200 13,450
Use, total 49,651 49,651 50,000 50,550
Ending stocks 402 402 375 375
Avg Farm prc($/s.t.) 2/ 308.28 308.28 305.00 305.00
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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
085 million bushels for 2018/19 and 2 125 million bushels for 2019/20.
Write to Linda Rice at csstat@dowjones.com
(END) Dow Jones Newswires
April 09, 2020 12:16 ET (16:16 GMT)
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