USDA Supply/Demand: U.S. Soybeans And Products - May 12
May 12 2021 - 12:32PM
Dow Jones News
U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/
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Item 2020/2021 2021/2022
Apr May 12 Apr May 12
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SOYBEANS Million acres
Area
Planted 83.1 83.1 (NA) 87.6 *
Harvested 82.3 82.3 (NA) 86.7 *
Bushels
Yield per harvested
acre 50.2 50.2 (NA) 50.8 *
Million bushels
Beginning stocks 525 525 (NA) 120
Production 4,135 4,135 (NA) 4,405
Imports 35 35 (NA) 35
Supply, total 4,695 4,695 (NA) 4,560
Crushings 2,190 2,190 (NA) 2,225
Exports 2,280 2,280 (NA) 2,075
Seed 102 102 (NA) 104
Residual 4 4 (NA) 15
Use, total 4,575 4,575 (NA) 4,420
Ending stocks 120 120 (NA) 140
Avg farm prc ($/bu) 2/ 11.25 11.25 (NA) 13.85
Million pounds
SOYBEAN OIL
Beginning stocks 1,853 1,853 (NA) 1,818
Production 4/ 25,515 25,515 (NA) 25,945
Imports 350 350 (NA) 600
Supply, total 27,718 27,718 (NA) 28,363
Domestic Disappearance 23,500 23,600 (NA) 25,400
Biofuel 3/ 7,900 9,500 (NA) 12,000
Food,Feed & Other
Industrial 15,600 14,100 (NA) 13,400
Exports 2,500 2,300 (NA) 1,450
Use, total 26,000 25,900 (NA) 26,850
Ending stocks 1,718 1,818 (NA) 1,513
Avg farm prc (c/lb) 2/ 45.00 55.00 (NA) 65.00
Thousand short tons
SOYBEAN MEAL
Beginning stocks 341 341 (NA) 400
Production 4/ 51,759 51,759 (NA) 52,500
Imports 600 650 (NA) 450
Supply, total 52,700 52,750 (NA) 53,350
Domestic 38,100 38,100 (NA) 38,600
Exports 14,250 14,250 (NA) 14,300
Use, total 52,350 52,350 (NA) 52,900
Ending stocks 350 400 (NA) 450
Avg farmprc($/s.t) 2/ 400.00 405.00 (NA) 400.00
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Note: Totals may not add due to rounding. 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 soybean oil used for biofuels as
reported by the U.S. Energy Information Administration. 4/ Based on an
October year crush of 2,190 million bushels for 2020/21 and 2,225 million
bushels for 2021/22. *Planted acres are reported in the March 31, 2021
Prospective Plantings report. Harvested acres are based on historical
planted-to-harvested ratios. The projected yield is based on a
weather-adjusted trend model and assumes normal weather.
Write to Rose Ridinger at csstat@dowjones.com
(END) Dow Jones Newswires
May 12, 2021 12:17 ET (16:17 GMT)
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