U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ 
======================================================================== 
Item                          2018/19                   2019/20 
                           prev     Apr 9          prev          Apr 9 
======================================================================== 
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 
======================================================================== 
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)