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United States Department of Agriculture Foreign Agricultural Service Approved by the World Agricultural Outlook Board/USDA July 2015 Tight Markets to Boost Soybean and Product Demand Soybean supplies are expected to expand in 2015/16, whereas supplies of rapeseed and sunflowerseed are forecast to contract. Declining rapeseed and sunflowerseed harvests, combined with continued strong demand, are forecast to drive stocks down to levels not seen in years. The stocks-to-use ratio, an indicator of the tightness of the market, is expected to drop dramatically, decreasing more than 30 percent year-to-year. When measured as a percent of demand, rapeseed stocks are expected to shrink to the lowest level in over a decade, whereas sunflowerseed stocks could fall to the lowest in more than 15 years. In contrast, soybeans are expected to have a more robust stocks-to-use ratio in the coming year as stocks continue to climb. As supplies of rapeseed and sunflowerseed tighten, buyers may find it more advantageous to switch purchases to soybean meal and oil as their relative prices are expected to be more competitive in the coming months. As a result, trade in soybeans and products are all forecast to rise to compensate for the more limited supplies of the alternatives. For an email subscription, click here to register: https://public.govdelivery.com/accounts/USDAFAS/subscriber/new
Transcript
Page 1: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

United States Department of Agriculture Foreign Agricultural Service

Approved by the World Agricultural Outlook Board/USDA

July 2015

Tight Markets to Boost Soybean and Product Demand

Soybean supplies are expected to expand in 2015/16, whereas supplies of rapeseed

and sunflowerseed are forecast to contract. Declining rapeseed and sunflowerseed

harvests, combined with continued strong demand, are forecast to drive stocks

down to levels not seen in years. The stocks-to-use ratio, an indicator of the

tightness of the market, is expected to drop dramatically, decreasing more than 30

percent year-to-year. When measured as a percent of demand, rapeseed stocks are

expected to shrink to the lowest level in over a decade, whereas sunflowerseed

stocks could fall to the lowest in more than 15 years.

In contrast, soybeans are expected to have a more robust stocks-to-use ratio in the

coming year as stocks continue to climb. As supplies of rapeseed and

sunflowerseed tighten, buyers may find it more advantageous to switch purchases

to soybean meal and oil as their relative prices are expected to be more competitive

in the coming months. As a result, trade in soybeans and products are all forecast

to rise to compensate for the more limited supplies of the alternatives.

For an email subscription, click here to register: https://public.govdelivery.com/accounts/USDAFAS/subscriber/new

Page 2: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

OVERVIEW

2015/16 Global soybean production is raised this month, mostly due to expanded U.S. area and production. In

contrast, global rapeseed and sunflowerseed production is adjusted down, below the previous year’s

record. Soybean trade is forecast at a new record, while soybean meal trade is reduced as several

markets shift to importing beans and crushing domestically. The U.S. season-average farm price is

raised to $9.25 per bushel.

2014/15

Global soybean production is up on a larger crop in Argentina. World trade is raised, supported by

higher imports by China, Russia, EU, and Iran. Exports are raised for Brazil and the United States.

U.S. soybean stocks are down based on higher projected crush and exports. In addition, residual use

is raised based on indications from USDA’s Grain Stocks report. The U.S. season-average farm price

is unchanged.

SOYBEAN PRICES

U.S. export bids, FOB Gulf, in June

averaged $388/ton, up $3 from last

month.

As of the week ending July 2, U.S.

2014/15 soybean commitments

(outstanding sales plus accumulated

exports) to China totaled 30.0

million tons compared to 27.6

million a year ago. Total

commitments to the world are 50.5

million tons, compared to 45.6

million for the same period last year.

2014/15 TRADE OUTLOOK

United States o Soybean exports are up 408,000 tons to 49.7 million on strong export commitments.

Argentina soybean meal exports are reduced 1.1 million tons to 27.4 million on reduced crush

and exports.

Brazil

o Soybean exports are raised 1.2 million tons to 46.8 million on a stronger pace of trade to

date.

o Soybean meal exports are up 400,000 tons to 14.6 million, reflecting the current pace of

trade.

China

o Soybean imports are up 500,000 tons to 74.0 million on stronger trade with South

America.

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 3: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

o Rapeseed imports are raised 100,000 tons to 4.2 million, reflecting an increased volume of

oilseed imports relative to products.

European Union soybean imports are raised 200,000 tons to nearly 13.0 million, reflecting

increasing crush and greater demand for soybean meal.

India o Soybean meal exports are down 100,000 tons to 1.2 million reflecting sluggish exports to

date.

o Palm oil imports are raised 150,000 tons to 9.0 million and soybean oil imports are

increased 250,000 tons to 2.5 million on growing demand for vegetable oil.

Indonesia palm oil exports are up 500,000 tons to 23.0 million on stronger trade to date and

increased availability due to lower domestic production of biodiesel.

Iran o Soybean meal imports are trimmed 250,000 tons to 2.3 million on growing domestic crush

and a shift away from purchases of Indian meal.

o Soybean imports are raised 200,000 tons to 700,000 due to growing availability of

soybeans in the global market.

Japan soybean meal imports are reduced 200,000 tons to nearly 1.8 million reflecting a slower

pace of trade to date.

Pakistan o Soybean meal imports are down 100,000 tons to 750,000 on slowing trade resulting from

the implementation of a higher import tariff.

o Soybean imports are raised 100,000 tons to 450,000 as domestic crush becomes more

competitive.

Paraguay soybean exports are down 200,000 tons to 4.6 million due to lower production.

Russia soybean imports are up 270,000 tons to 1.9 million reflecting the stronger pace of trade.

South Africa soybean meal imports are reduced 100,000 tons to 450,000 as rising domestic

production reduces the need for imports.

Thailand o Soybean meal imports are raised 100,000 tons to 3.0 million on current trade to date.

o Palm oil exports plummet 150,000 tons to 50,000 due to lower production.

Turkey soybean imports are trimmed 150,000 tons to 2.0 million reflecting a slowdown in trade

to date.

Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade.

2015/16 TRADE OUTLOOK

Argentina

o Soybean exports are up 200,000 tons to 8.7 million on greater demand anticipated in 2016.

o Soybean meal exports are down 800,000 tons to 30.2 million reflecting 2014/15’s

reduced crush and trade volume.

Australia rapeseed exports are raised 100,000 tons to 2.8 million on anticipated stronger export

demand.

Brazil soybean exports are up 1.0 million tons to 50.8 million reflecting higher demand and this

season’s record monthly export volumes.

Canada rapeseed exports are reduced 100,000 tons to 8.1 million on a lower production forecast.

European Union soybean imports are raised 300,000 to 13.1 million reflecting growing demand

for protein feed amid lower rapeseed and sunflowerseed production forecasts.

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 4: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

India o Soybean meal exports are lowered 300,000 tons to 2.0 million on competition from other

suppliers and reduced exports to nearby markets.

o Palm oil imports are raised 150,000 tons to 9.6 million while soybean oil imports are up

200,000 tons to 2.7 million on continued growth of vegetable oil demand.

Indonesia palm oil exports are increased 500,000 tons to 24.0 million on increased availability as

growth in domestic industrial use remains limited.

Iran o Soybean meal imports are down 350,000 tons to 2.4 million on growing domestic crush.

o Soybean imports are raised 150,000 tons to 750,000 due to the larger domestic crush.

Japan soybean meal imports are lowered 100,000 tons to 1.9 million on slow protein meal

growth.

Pakistan o Soybean meal imports are reduced 300,000 tons to 700,000 reflecting the new higher

import tariff for soybean meal.

o Soybean imports climb 400,000 tons to 1.0 million due to increased utilization of crush

capacity.

Russia soybean imports are up 200,000 tons to 1.8 million reflecting continued strength in

domestic demand.

South Africa soybean meal imports are down 144,000 tons to 400,000 as rising domestic

production reduces the need for imports.

Questions may be directed to:

Bill George (202) 720-6234 [email protected]

Rachel Trego (202) 720-1073 [email protected]

Agata Kingsbury (202) 260-8910 [email protected]

To download the tables in the publication, go to Production, Supply and Distribution Database

(PSD Online): (http://apps.fas.usda.gov/psdonline/psdHome.aspx), scroll down to Reports, and click

the plus sign [+] next to Oilseeds.

The Foreign Agricultural Service (FAS) updates its production, supply and distribution (PSD)

database for cotton, oilseeds, and grains at 12:00 p.m. on the day the World Agricultural Supply and

Demand Estimates (WASDE) report is released. This circular is released by 12:15 p.m.

FAS Reports and Databases:

Current World Markets and Trade and World Agricultural Production Reports:

http://apps.fas.usda.gov/psdonline/psdDataPublications.aspx Archives World Markets and Trade and World Agricultural Production Reports:

http://usda.mannlib.cornell.edu/MannUsda/viewTaxonomy.do?taxonomyID=7

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 5: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Production, Supply and Distribution Database (PSD Online):

http://apps.fas.usda.gov/psdonline/psdHome.aspx

Global Agricultural Trade System (U.S. Exports and Imports):

http://apps.fas.usda.gov/gats/default.aspx Export Sales Report:

http://apps.fas.usda.gov/esrquery/ Global Agricultural Information Network (Agricultural Attaché Reports):

http://gain.fas.usda.gov/Pages/Default.aspx

Other USDA Reports:

World Agricultural Supply and Demand Estimates (WASDE):

http://www.usda.gov/oce/commodity/wasde/ Economic Research Service:

http://www.ers.usda.gov/topics/crops National Agricultural Statistics Service:

http://www.nass.usda.gov/Publications/

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 6: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

List of Tables

SUMMARY TABLES

Table 01 Major Oilseeds: World Supply and Distribution (Commodity View)

Table 02 Major Protein Meals: World Supply and Distribution (Commodity View)

Table 03 Major Vegetable Oils: World Supply and Distribution (Commodity View)

Table 04 Major Oilseeds: World Supply and Distribution (Country View)

Table 05 Major Protein Meals: World Supply and Distribution (Country View)

Table 06 Major Vegetable Oils: World Supply and Distribution (Country View)

COMMODITY TABLES

Table 07 Soybeans: World Supply and Distribution

Table 08 Soybean Meal: World Supply and Distribution

Table 09 Soybean Oil: World Supply and Distribution

Table 10 Soybeans and Products: World Trade

Table 11 Palm Oil: World Supply and Distribution

Table 12 Rapeseed and Products: World Supply and Distribution

Table 13 Sunflowerseed and Products: World Supply and Distribution

Table 14 Minor Vegetable Oils: World Supply and Distribution

HISTORICAL TABLES

Table 15 World Oilseeds and Products Supply and Distribution

Table 16 World Soybeans and Products Supply and Distribution

Table 17 World Rapeseed and Products Supply and Distribution

Table 18 World Sunflowerseed and Products Supply and Distribution

Table 19 World Palm Oil, Coconut Oil, and Fish Meal Supply and Distribution

COUNTRY TABLES

Table 20 United States Oilseeds and Products Supply and Distribution Local Marketing Years

Table 21 United States Soybeans and Products Supply and Distribution Local Marketing Years

Table 22 Brazil Soybeans and Products Supply and Distribution Local Marketing Years

Table 23 Argentina Soybeans and Products Supply and Distribution Local Marketing Years

Table 24 South East Asia Oilseeds and Products Supply and Distribution

Table 25 Middle East Oilseeds and Products Supply and Distribution

Table 26 European Union Oilseeds and Products Supply and Distribution

Table 27 China Oilseeds and Products Supply and Distribution

Table 28 India Oilseeds and Products Supply and Distribution

PRICES

Table 29 Oilseed Prices

Table 30 Protein Meal Prices

Table 31 Vegetable Oil Prices

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 7: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 01: Major Oilseeds: World Supply and Distribution (Commodity View)

Million Metric Tons

2011/12 2012/13 2013/14 2014/15

Jun

2015/16

Jul

2015/16

none

Production none

5.59 Oilseed, Copra 5.79 5.43 5.43 5.51 5.51

48.31 Oilseed, Cottonseed 46.30 45.94 44.48 42.08 42.07

13.86 Oilseed, Palm Kernel 14.91 15.76 16.31 17.14 17.14

38.47 Oilseed, Peanut 40.48 41.16 39.32 41.21 41.42

61.61 Oilseed, Rapeseed 63.75 71.46 71.71 68.46 67.18

240.43 Oilseed, Soybean 268.82 283.24 318.60 317.58 318.92

39.69 Oilseed, Sunflowerseed 36.02 42.85 40.03 39.89 39.53

447.95 Total 476.06 505.85 535.89 531.86 531.77

none

Imports none

0.08 Oilseed, Copra 0.04 0.09 0.09 0.09 0.09

1.12 Oilseed, Cottonseed 1.07 0.87 0.70 0.67 0.67

0.03 Oilseed, Palm Kernel 0.06 0.06 0.05 0.06 0.06

2.36 Oilseed, Peanut 2.35 2.38 2.42 2.46 2.46

13.18 Oilseed, Rapeseed 12.66 15.23 13.82 13.18 13.13

93.45 Oilseed, Soybean 95.91 111.27 115.91 119.73 120.77

1.64 Oilseed, Sunflowerseed 1.31 1.50 1.39 1.37 1.38

111.87 Total 113.39 131.40 134.38 137.56 138.56

none

Exports none

0.11 Oilseed, Copra 0.07 0.10 0.09 0.09 0.09

1.15 Oilseed, Cottonseed 0.92 0.84 0.65 0.55 0.58

0.04 Oilseed, Palm Kernel 0.05 0.05 0.05 0.04 0.04

2.98 Oilseed, Peanut 2.65 2.89 2.70 2.93 2.93

12.92 Oilseed, Rapeseed 12.45 14.96 14.23 13.18 13.12

92.16 Oilseed, Soybean 100.53 112.89 119.49 122.15 123.34

1.92 Oilseed, Sunflowerseed 1.44 1.95 1.74 1.68 1.66

111.27 Total 118.12 133.68 138.93 140.62 141.76

none

Crush none

5.53 Oilseed, Copra 5.87 5.42 5.40 5.47 5.47

34.61 Oilseed, Cottonseed 34.62 34.26 34.08 32.66 32.68

13.73 Oilseed, Palm Kernel 14.79 15.66 16.24 17.06 17.06

16.65 Oilseed, Peanut 17.41 17.76 17.64 17.87 17.90

60.62 Oilseed, Rapeseed 62.45 66.81 68.33 66.92 66.39

228.28 Oilseed, Soybean 230.17 241.26 257.50 267.79 268.08

35.72 Oilseed, Sunflowerseed 32.00 38.42 36.44 36.65 36.58

395.13 Total 397.30 419.59 435.63 444.43 444.18

none

Ending Stocks none

0.29 Oilseed, Copra 0.13 0.09 0.09 0.08 0.08

1.99 Oilseed, Cottonseed 1.54 2.13 1.71 1.23 1.23

0.28 Oilseed, Palm Kernel 0.29 0.28 0.24 0.22 0.22

1.66 Oilseed, Peanut 2.26 2.41 2.00 2.56 2.71

6.58 Oilseed, Rapeseed 5.03 7.01 6.83 5.40 4.59

54.13 Oilseed, Soybean 56.35 62.73 81.68 93.22 91.80

2.37 Oilseed, Sunflowerseed 2.66 2.88 2.53 1.88 1.60

67.30 Total 68.26 77.53 95.08 104.59 102.23

Totals may not add due to rounding

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 8: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 02: Major Protein Meals: World Supply and Distribution (Commodity View)

Million Metric Tons

2011/12 2012/13 2013/14 2014/15

Jun

2015/16

Jul

2015/16

none

Production none

1.83 Meal, Copra 1.94 1.81 1.79 1.81 1.81

15.85 Meal, Cottonseed 15.79 15.69 15.58 14.92 14.93

4.18 Meal, Fish 4.37 4.14 4.29 4.25 4.25

7.27 Meal, Palm Kernel 7.83 8.33 8.63 9.08 9.08

6.47 Meal, Peanut 6.75 6.90 6.86 6.98 6.99

35.72 Meal, Rapeseed 36.92 39.44 40.30 39.43 39.13

180.41 Meal, Soybean 181.24 189.52 202.98 210.99 211.31

15.66 Meal, Sunflowerseed 14.02 16.79 15.98 16.10 16.06

267.38 Total 268.86 282.60 296.42 303.56 303.55

none

Imports none

0.79 Meal, Copra 0.85 0.51 0.61 0.65 0.65

0.42 Meal, Cottonseed 0.40 0.35 0.35 0.35 0.35

2.92 Meal, Fish 2.35 2.62 2.45 2.50 2.49

5.00 Meal, Palm Kernel 5.35 5.42 5.50 5.71 5.71

0.04 Meal, Peanut 0.03 0.08 0.05 0.05 0.05

5.14 Meal, Rapeseed 5.18 5.92 5.68 5.92 5.92

56.98 Meal, Soybean 53.83 57.79 60.20 63.76 62.87

6.10 Meal, Sunflowerseed 4.72 5.54 5.58 5.75 5.75

77.39 Total 72.71 78.23 80.41 84.69 83.78

none

Exports none

0.79 Meal, Copra 1.09 0.73 0.76 0.74 0.74

0.57 Meal, Cottonseed 0.54 0.38 0.38 0.35 0.35

2.59 Meal, Fish 2.13 2.18 2.20 2.15 2.16

5.85 Meal, Palm Kernel 6.11 6.38 6.51 6.76 6.76

0.07 Meal, Peanut 0.07 0.07 0.08 0.08 0.08

5.48 Meal, Rapeseed 5.46 6.07 5.77 5.93 5.87

58.27 Meal, Soybean 57.93 60.06 62.77 67.04 65.91

6.76 Meal, Sunflowerseed 5.10 6.20 6.08 6.11 6.11

80.37 Total 78.43 82.07 84.55 89.15 87.96

none

Domestic Consumption none

1.75 Meal, Copra 1.79 1.61 1.68 1.74 1.74

15.64 Meal, Cottonseed 15.66 15.68 15.55 14.95 14.96

4.92 Meal, Fish 4.49 4.66 4.58 4.66 4.63

6.55 Meal, Palm Kernel 7.09 7.21 7.53 7.89 7.90

6.47 Meal, Peanut 6.73 6.91 6.83 6.95 6.96

35.35 Meal, Rapeseed 36.82 39.25 40.09 39.40 39.23

177.74 Meal, Soybean 177.25 186.34 198.59 207.98 208.56

14.53 Meal, Sunflowerseed 14.42 15.64 15.66 15.94 15.87

262.93 Total 264.23 277.29 290.49 299.50 299.85

none

Ending Stocks none

0.21 Meal, Copra 0.12 0.10 0.07 0.05 0.05

0.22 Meal, Cottonseed 0.21 0.18 0.19 0.17 0.16

0.20 Meal, Fish 0.31 0.22 0.19 0.14 0.14

0.13 Meal, Palm Kernel 0.11 0.27 0.36 0.50 0.50

0.04 Meal, Peanut 0.03 0.04 0.04 0.04 0.04

0.56 Meal, Rapeseed 0.39 0.43 0.55 0.50 0.49

9.83 Meal, Soybean 9.71 10.63 12.45 12.57 12.16

1.13 Meal, Sunflowerseed 0.36 0.85 0.67 0.50 0.49

12.33 Total 11.24 12.71 14.50 14.45 14.02

Totals may not add due to rounding

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 9: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 03: Major Vegetable Oils: World Supply and Distribution (Commodity View)

Million Metric Tons

2011/12 2012/13 2013/14 2014/15

Jun

2015/16

Jul

2015/16

none

Production none

3.43 Oil, Coconut 3.65 3.38 3.35 3.39 3.39

5.28 Oil, Cottonseed 5.26 5.18 5.17 4.96 4.96

3.45 Oil, Olive 2.45 3.14 2.33 2.86 2.86

52.58 Oil, Palm 56.59 59.39 61.45 65.17 65.17

6.17 Oil, Palm Kernel 6.58 6.96 7.25 7.55 7.56

5.30 Oil, Peanut 5.51 5.64 5.59 5.69 5.70

24.12 Oil, Rapeseed 24.91 26.61 27.25 26.73 26.51

42.72 Oil, Soybean 43.08 45.01 47.95 49.95 50.01

14.74 Oil, Sunflowerseed 13.26 15.96 15.13 15.22 15.18

157.79 Total 161.29 171.28 175.48 181.51 181.33

none

Imports none

1.82 Oil, Coconut 1.87 1.68 1.71 1.70 1.70

0.08 Oil, Cottonseed 0.08 0.06 0.07 0.05 0.05

0.63 Oil, Olive 0.65 0.58 0.71 0.63 0.63

38.84 Oil, Palm 41.82 41.82 43.14 44.75 44.90

2.52 Oil, Palm Kernel 2.75 2.35 2.45 2.57 2.55

0.16 Oil, Peanut 0.15 0.18 0.20 0.20 0.20

4.01 Oil, Rapeseed 3.87 3.77 3.77 4.08 4.04

7.96 Oil, Soybean 8.49 9.35 9.79 10.18 10.36

5.69 Oil, Sunflowerseed 4.96 6.68 6.23 6.45 6.45

61.71 Total 64.64 66.49 68.05 70.61 70.89

none

Exports none

1.86 Oil, Coconut 1.91 1.73 1.72 1.71 1.71

0.17 Oil, Cottonseed 0.16 0.14 0.13 0.13 0.12

0.87 Oil, Olive 0.87 0.85 0.86 0.82 0.82

39.84 Oil, Palm 43.20 43.29 44.20 45.59 46.04

2.84 Oil, Palm Kernel 3.25 2.85 3.03 3.12 3.12

0.18 Oil, Peanut 0.17 0.20 0.21 0.20 0.20

3.97 Oil, Rapeseed 3.94 3.82 3.95 3.98 3.96

8.47 Oil, Soybean 9.36 9.39 10.08 10.78 10.86

6.47 Oil, Sunflowerseed 5.48 7.75 6.96 6.99 6.99

64.67 Total 68.34 70.00 71.14 73.31 73.82

none

Domestic Consumption none

3.54 Oil, Coconut 3.75 3.42 3.44 3.47 3.47

5.18 Oil, Cottonseed 5.23 5.11 5.11 4.93 4.93

3.07 Oil, Olive 2.66 2.85 2.57 2.61 2.61

50.47 Oil, Palm 55.17 57.69 60.82 64.64 64.35

5.74 Oil, Palm Kernel 6.15 6.48 6.84 7.07 7.06

5.33 Oil, Peanut 5.51 5.65 5.58 5.69 5.70

23.68 Oil, Rapeseed 23.73 25.66 27.34 27.55 27.36

42.17 Oil, Soybean 42.59 45.36 47.50 49.17 49.38

12.98 Oil, Sunflowerseed 13.23 14.58 14.84 15.08 15.10

152.15 Total 158.02 166.80 174.06 180.20 179.96

none

Ending Stocks none

0.60 Oil, Coconut 0.47 0.38 0.28 0.19 0.19

0.27 Oil, Cottonseed 0.22 0.22 0.21 0.17 0.17

0.91 Oil, Olive 0.48 0.51 0.11 0.17 0.16

7.51 Oil, Palm 7.54 7.78 7.35 7.12 7.02

0.91 Oil, Palm Kernel 0.84 0.82 0.65 0.58 0.58

0.08 Oil, Peanut 0.06 0.04 0.04 0.04 0.04

1.74 Oil, Rapeseed 2.85 3.75 3.47 2.80 2.70

4.12 Oil, Soybean 3.74 3.36 3.52 3.60 3.66

2.12 Oil, Sunflowerseed 1.63 1.94 1.50 1.10 1.05

18.26 Total 17.84 18.80 17.13 15.77 15.58

Totals may not add due to rounding

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 10: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 04: Major Oilseeds: World Supply and Distribution (Country View)

Million Metric Tons

2011/12 2012/13 2013/14 2014/15

Jun

2015/16

Jul

2015/16

Production none

92.44 United States 93.32 99.02 117.17 114.08 115.05

70.24 Brazil 84.76 90.24 97.62 100.06 100.06

44.82 Argentina 53.68 57.02 64.25 61.01 61.01

59.60 China 59.79 58.89 57.56 55.38 55.28

37.11 India 37.52 36.80 35.43 38.14 38.14

143.75 Other 146.99 163.89 163.86 163.21 162.24

447.95 Total 476.06 505.85 535.89 531.86 531.77

Imports none

62.29 China 63.52 75.60 78.33 81.25 81.25

16.89 European Union 17.02 17.66 16.53 16.31 16.61

5.39 Mexico 5.08 5.58 5.84 5.84 5.84

5.34 Japan 5.54 5.49 5.57 5.52 5.52

2.03 Turkey 2.02 2.40 2.88 3.12 3.07

2.15 Indonesia 2.14 2.55 2.50 2.67 2.67

2.29 Taiwan 2.29 2.34 2.36 2.39 2.39

1.99 Thailand 1.96 1.88 2.17 2.19 2.19

1.11 Pakistan 0.60 1.16 1.64 1.67 2.07

1.73 Egypt 1.80 1.74 1.95 2.02 2.02

10.65 Other 11.41 14.99 14.63 14.59 14.94

111.87 Total 113.39 131.40 134.38 137.56 138.56

Exports none

36.35 Brazil 42.02 46.99 46.92 49.87 50.87

37.78 United States 36.87 45.79 50.67 49.31 49.31

11.66 Canada 10.63 12.69 12.62 12.07 11.97

8.10 Argentina 8.41 8.49 8.79 9.34 9.54

3.61 Paraguay 5.54 4.82 4.62 4.63 4.62

2.83 Ukraine 2.72 3.57 4.13 4.15 4.15

2.61 Uruguay 3.53 3.20 3.28 3.28 3.28

8.34 Other 8.39 8.12 7.91 7.97 8.01

111.27 Total 118.12 133.68 138.93 140.62 141.76

Crush none

96.29 China 102.64 107.63 112.03 113.48 113.68

50.32 United States 50.25 51.47 53.98 54.19 54.39

41.06 European Union 42.07 45.33 46.31 45.55 45.45

39.95 Argentina 36.25 38.77 41.80 45.60 44.60

41.17 Brazil 37.71 39.73 41.97 42.12 42.12

28.59 India 29.30 28.70 27.48 29.48 29.38

11.86 Russia 11.01 13.85 13.75 14.15 14.05

10.28 Ukraine 9.20 12.28 11.45 11.40 11.40

8.35 Indonesia 8.99 9.66 10.29 10.80 10.80

8.41 Canada 8.27 8.52 8.88 8.75 8.75

5.60 Pakistan 5.30 5.58 6.37 6.28 6.68

5.86 Mexico 5.70 6.08 6.50 6.52 6.52

4.99 Malaysia 5.34 5.53 5.54 5.72 5.72

4.35 Japan 4.38 4.40 4.53 4.45 4.45

1.07 Paraguay 3.17 3.47 3.84 4.32 4.24

37.00 Other 37.74 38.61 40.94 41.62 41.94

395.13 Total 397.30 419.59 435.63 444.43 444.18

Ending Stocks none

16.65 Argentina 22.44 27.46 35.81 35.13 37.26

13.32 Brazil 15.42 16.13 21.77 27.86 25.71

17.05 China 13.17 15.56 15.55 14.52 14.55

5.61 United States 5.76 3.95 8.41 14.49 13.28

0.95 Canada 0.79 2.66 2.50 2.60 2.27

13.72 Other 10.68 11.77 11.04 9.99 9.17

67.30 Total 68.26 77.53 95.08 104.59 102.23

Major Oilseeds includes Copra, Cottonseed, Palm Kernel, Peanut, Rapeseed, Soybeans and Sunflowerseeds.

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

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Table 05: Major Protein Meals: World Supply and Distribution (Country View)

Million Metric Tons

2011/12 2012/13 2013/14 2014/15

Jun

2015/16

Jul

2015/16

Production none

66.95 China 71.34 75.20 79.00 80.53 80.69

39.51 United States 38.69 39.39 42.15 41.96 42.18

29.74 Argentina 27.26 29.09 31.27 34.39 33.61

31.02 Brazil 28.51 29.93 31.72 31.84 31.84

26.28 European Union 27.21 29.10 29.77 29.32 29.36

73.90 Other 75.85 79.89 82.52 85.52 85.86

267.38 Total 268.86 282.60 296.42 303.56 303.55

Imports none

28.20 European Union 23.38 24.66 25.78 26.42 26.42

3.53 Indonesia 3.62 4.23 4.50 4.96 4.96

2.52 Vietnam 3.36 3.59 4.08 4.61 4.61

3.03 United States 3.39 3.76 3.82 3.76 3.76

3.38 Korea, South 3.54 3.68 3.58 3.63 3.63

3.36 Thailand 3.26 3.14 3.54 3.53 3.58

1.86 Philippines 2.00 2.38 2.54 2.69 2.69

31.51 Other 30.15 32.81 32.57 35.10 34.14

77.39 Total 72.71 78.23 80.41 84.69 83.78

Exports none

26.93 Argentina 24.03 25.38 27.80 31.51 30.71

14.68 Brazil 13.24 13.95 14.60 14.78 14.80

9.17 United States 10.49 10.78 11.72 10.96 10.96

3.68 Indonesia 3.80 3.93 4.16 4.34 4.34

3.86 Ukraine 3.07 3.81 4.02 4.01 4.01

3.52 Canada 3.60 3.67 3.76 3.72 3.77

5.49 India 5.46 4.12 2.17 3.47 3.12

13.04 Other 14.76 16.44 16.34 16.37 16.26

80.37 Total 78.43 82.07 84.55 89.15 87.96

Domestic Consumption none

67.89 China 70.89 74.54 78.01 80.09 80.25

52.64 European Union 50.39 52.42 54.24 54.59 54.77

33.41 United States 31.62 32.39 34.20 34.75 34.98

15.61 Brazil 15.41 16.05 16.27 16.73 16.73

11.48 India 11.99 12.74 13.54 13.99 14.16

5.82 Mexico 5.61 5.95 6.23 6.48 6.48

3.91 Indonesia 4.33 4.91 5.46 5.97 5.97

3.67 Vietnam 4.14 4.59 5.14 5.71 5.71

4.37 Russia 4.36 4.85 5.18 5.59 5.58

5.21 Thailand 5.12 5.00 5.26 5.41 5.46

58.94 Other 60.39 63.86 66.98 70.19 69.77

262.93 Total 264.23 277.29 290.49 299.50 299.85

SME none

65.06 China 67.93 71.31 74.88 77.16 77.32

47.19 European Union 44.74 46.84 48.62 49.06 49.26

32.36 United States 30.43 31.11 32.92 33.45 33.69

15.32 Brazil 15.18 15.79 16.03 16.49 16.49

10.05 India 10.51 11.24 11.93 12.43 12.58

5.44 Mexico 5.26 5.62 5.89 6.15 6.15

3.47 Vietnam 3.89 4.37 4.89 5.45 5.45

67.87 Other 69.16 73.25 77.05 81.12 80.74

246.77 Total 247.11 259.52 272.21 281.30 281.69

Ending Stocks none

3.08 Argentina 3.74 4.53 4.88 4.23 4.36

3.21 Brazil 3.11 3.07 3.94 4.71 4.28

0.46 Indonesia 0.43 0.62 0.62 0.73 0.73

1.23 European Union 0.29 0.56 0.64 0.69 0.54

0.29 India 0.38 0.22 0.34 0.25 0.35

4.06 Other 3.30 3.71 4.08 3.85 3.76

12.33 Total 11.24 12.71 14.50 14.45 14.02

Major Protein Meals include Copra, Cottonseed, Fish, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflower Meal.

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

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Table 06: Major Vegetable Oils: World Supply and Distribution (Country View)

Million Metric Tons

2011/12 2012/13 2013/14 2014/15

Jun

2015/16

Jul

2015/16

Production none

30.13 Indonesia 32.73 35.03 37.78 40.01 40.01

21.00 China 22.40 23.61 24.34 24.53 24.55

20.42 Malaysia 21.63 22.57 22.25 23.47 23.47

16.89 European Union 16.06 18.22 17.62 17.91 17.80

10.03 United States 10.23 10.43 10.77 10.98 11.00

8.48 Argentina 7.42 7.81 8.55 9.29 9.10

8.21 Brazil 7.59 7.99 8.41 8.45 8.45

42.64 Other 43.23 45.64 45.75 46.89 46.97

157.79 Total 161.29 171.28 175.48 181.51 181.33

Imports none

10.01 India 10.71 11.54 13.56 14.03 14.38

9.12 European Union 9.93 9.86 9.69 9.49 9.49

9.23 China 10.79 9.07 8.25 9.25 9.25

3.83 United States 3.80 4.02 4.06 4.17 4.14

2.26 Pakistan 2.30 2.87 2.75 3.00 2.98

2.31 Egypt 1.91 2.15 2.33 2.34 2.34

1.41 Bangladesh 1.43 1.71 1.76 1.93 1.93

1.35 Iran 1.43 1.58 1.62 1.65 1.65

1.11 Turkey 1.26 1.37 1.37 1.50 1.50

2.65 Malaysia 1.50 0.85 1.10 1.00 1.00

18.43 Other 19.58 21.48 21.58 22.26 22.24

61.71 Total 64.64 66.49 68.05 70.61 70.89

Exports none

20.73 Indonesia 22.64 23.94 25.34 25.90 26.40

18.98 Malaysia 19.99 18.75 18.63 19.43 19.43

4.65 Argentina 4.66 4.53 5.02 5.69 5.69

3.33 Ukraine 3.32 4.36 3.95 3.87 3.87

2.75 Canada 2.63 2.45 2.52 2.59 2.67

2.01 European Union 2.43 2.31 2.31 2.19 2.27

1.80 Russia 1.27 2.42 2.14 2.20 2.12

10.42 Other 11.40 11.26 11.25 11.44 11.38

64.67 Total 68.34 70.00 71.14 73.31 73.82

Domestic Consumption none

29.34 China 31.17 32.27 33.11 34.25 34.28

23.87 European Union 24.18 25.17 25.45 25.28 25.17

16.84 India 17.89 19.16 20.56 21.51 21.91

12.78 United States 13.03 13.51 13.66 13.91 13.88

8.92 Indonesia 9.90 11.11 12.58 14.10 13.60

6.66 Brazil 6.77 7.09 7.40 7.52 7.52

3.70 Malaysia 3.97 4.39 4.74 5.05 5.05

3.48 Pakistan 3.60 3.93 4.20 4.41 4.47

3.20 Russia 3.34 3.40 3.52 3.63 3.64

3.60 Argentina 2.92 3.44 3.49 3.69 3.50

2.30 Mexico 2.36 2.38 2.53 2.55 2.55

2.46 Egypt 2.45 2.40 2.57 2.53 2.53

1.99 Thailand 2.13 2.32 2.29 2.45 2.49

1.83 Turkey 1.90 2.12 2.36 2.43 2.48

2.16 Japan 2.19 2.22 2.25 2.27 2.27

29.03 Other 30.23 31.89 33.37 34.64 34.65

152.15 Total 158.02 166.80 174.06 180.20 179.96

Ending Stocks none

1.69 China 3.62 3.91 3.24 2.66 2.66

2.93 Malaysia 2.11 2.39 2.38 2.37 2.37

1.88 Indonesia 2.13 2.17 2.07 2.21 2.11

1.44 India 1.54 1.22 1.21 1.08 1.13

1.75 European Union 1.14 1.73 1.29 1.26 1.13

8.57 Other 7.30 7.38 6.95 6.20 6.18

18.26 Total 17.84 18.80 17.13 15.77 15.58

Major Vegetable Oils includes Coconut, Cottonseed, Olive, Palm, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflowerseed oil.

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

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Table 07: Soybeans: World Supply and Distribution

Thousand Metric Tons

2011/12 2012/13 2013/14 2014/15

Jun

2015/16

Jul

2015/16

Production none

84,291 United States 82,791 91,389 108,014 104,780 105,732

66,500 Brazil 82,000 86,700 94,500 97,000 97,000

40,100 Argentina 49,300 53,500 60,000 57,000 57,000

14,485 China 13,050 12,200 12,350 11,500 11,500

11,700 India 12,200 9,500 9,800 11,500 11,500

4,043 Paraguay 8,202 8,190 8,400 8,800 8,800

4,467 Canada 5,086 5,359 6,050 6,200 6,200

14,841 Other 16,195 16,405 19,489 20,800 21,191

240,427 Total 268,824 283,243 318,603 317,580 318,923

Imports none

59,231 China 59,865 70,364 74,000 77,500 77,500

12,070 European Union 12,538 12,985 12,950 12,800 13,100

3,606 Mexico 3,409 3,842 4,025 4,050 4,050

2,759 Japan 2,830 2,894 2,900 2,850 2,850

2,285 Taiwan 2,286 2,335 2,350 2,380 2,380

1,922 Indonesia 1,795 2,241 2,150 2,300 2,300

1,907 Thailand 1,867 1,798 2,075 2,100 2,100

1,057 Turkey 1,249 1,608 1,950 2,150 2,100

1,649 Egypt 1,730 1,694 1,880 1,950 1,950

741 Russia 691 1,931 1,900 1,600 1,800

6,226 Other 7,645 9,582 9,731 10,051 10,642

93,453 Total 95,905 111,274 115,911 119,731 120,772

Exports none

36,257 Brazil 41,904 46,829 46,800 49,750 50,750

37,156 United States 35,846 44,815 49,668 48,308 48,308

7,368 Argentina 7,738 7,842 8,000 8,500 8,700

3,574 Paraguay 5,518 4,800 4,600 4,600 4,600

2,933 Canada 3,470 3,471 3,775 3,825 3,825

4,869 Other 6,058 5,136 6,646 7,169 7,158

92,157 Total 100,534 112,893 119,489 122,152 123,341

Crush none

60,970 China 64,950 68,850 74,200 77,100 77,300

46,348 United States 45,967 47,192 49,804 49,804 50,077

35,886 Argentina 33,611 36,173 38,775 42,500 41,500

38,083 Brazil 35,235 36,861 39,300 39,500 39,500

12,414 European Union 13,162 13,400 13,750 13,800 14,100

9,650 India 9,900 8,300 7,400 9,200 9,100

3,675 Mexico 3,650 4,030 4,275 4,350 4,350

900 Paraguay 2,950 3,350 3,700 4,100 4,100

2,300 Russia 2,400 3,300 3,850 3,950 3,950

2,000 Bolivia 2,175 2,250 2,300 2,360 2,420

2,020 Taiwan 1,920 1,925 1,970 2,000 2,000

1,960 Japan 1,915 1,969 2,050 1,970 1,970

1,620 Egypt 1,710 1,680 1,850 1,950 1,950

1,411 Canada 1,550 1,537 1,675 1,700 1,700

1,750 Thailand 1,500 1,500 1,600 1,700 1,700

7,296 Other 7,577 8,943 11,005 11,810 12,367

228,283 Total 230,172 241,260 257,504 267,794 268,084

Ending Stocks none

15,949 Argentina 20,962 26,050 34,275 33,852 35,977

13,024 Brazil 15,330 15,945 21,595 27,715 25,565

15,909 China 12,378 14,427 14,552 13,877 13,902

4,610 United States 3,825 2,504 6,940 12,932 11,580

232 Canada 178 282 607 950 925

4,405 Other 3,675 3,519 3,708 3,897 3,854

54,129 Total 56,348 62,727 81,677 93,223 91,803

Most countries are on an October/September Marketing Year (MY). The United States, Mexico, and Thailand are on a

September/August MY. Canada is on an August/July MY. Paraguay is on a March/February MY.

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 14: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 08: Soybean Meal: World Supply and Distribution

Thousand Metric Tons

2011/12 2012/13 2013/14 2014/15

Jun

2015/16

Jul

2015/16

Production none

48,288 China 51,440 54,531 58,766 61,063 61,222

37,217 United States 36,174 36,909 39,689 39,394 39,666

27,945 Argentina 26,089 27,892 29,890 32,960 32,180

29,510 Brazil 27,310 28,540 30,420 30,570 30,570

9,668 European Union 10,398 10,586 10,865 10,870 11,140

7,720 India 7,920 6,640 5,920 7,360 7,280

2,910 Mexico 2,890 3,185 3,380 3,435 3,435

17,152 Other 19,020 21,236 24,052 25,339 25,815

180,410 Total 181,241 189,519 202,982 210,991 211,308

Imports none

20,872 European Union 16,941 18,175 19,550 20,100 20,100

3,278 Indonesia 3,367 3,983 4,250 4,700 4,700

2,276 Vietnam 2,980 3,342 3,750 4,250 4,250

2,928 Thailand 2,874 2,665 3,000 3,000 3,050

1,833 Philippines 1,969 2,337 2,500 2,650 2,650

2,192 Iran 2,099 2,683 2,300 2,700 2,350

2,282 Japan 1,765 1,976 1,750 1,950 1,850

1,548 Mexico 1,295 1,510 1,600 1,850 1,850

1,571 Korea, South 1,654 1,825 1,700 1,700 1,700

892 Algeria 1,333 1,383 1,425 1,525 1,525

17,306 Other 17,551 17,913 18,372 19,336 18,842

56,978 Total 53,828 57,792 60,197 63,761 62,867

Exports none

26,043 Argentina 23,667 24,972 27,400 31,000 30,200

14,678 Brazil 13,242 13,948 14,600 14,775 14,800

8,845 United States 10,139 10,478 11,431 10,659 10,659

523 Paraguay 2,149 2,504 2,550 2,980 2,980

4,391 India 4,354 2,742 1,200 2,325 2,025

3,794 Other 4,383 5,412 5,587 5,297 5,242

58,274 Total 57,934 60,056 62,768 67,036 65,906

Domestic Consumption none

47,435 China 50,091 52,534 56,816 59,483 59,642

29,670 European Union 27,122 28,442 29,942 30,542 30,892

28,614 United States 26,280 26,758 28,576 29,030 29,302

14,100 Brazil 14,200 14,650 14,980 15,450 15,450

3,280 India 3,490 4,050 4,610 5,135 5,255

3,300 Vietnam 3,700 4,200 4,700 5,250 5,250

4,370 Mexico 4,250 4,675 4,920 5,200 5,200

3,218 Indonesia 3,430 3,900 4,250 4,700 4,700

4,153 Thailand 4,100 3,980 4,200 4,330 4,380

3,840 Japan 3,332 3,376 3,323 3,410 3,330

2,350 Russia 2,400 2,600 2,850 3,150 3,225

2,500 Iran 2,460 2,948 3,000 3,330 3,100

1,950 Philippines 2,050 2,250 2,500 2,800 2,800

2,100 Egypt 2,220 2,400 2,550 2,700 2,700

1,310 Argentina 1,700 2,000 2,223 2,500 2,500

25,547 Other 26,422 27,577 29,148 30,965 30,833

177,737 Total 177,247 186,340 198,588 207,975 208,559

Ending Stocks none

3,198 Brazil 3,098 3,065 3,930 4,700 4,275

2,821 Argentina 3,543 4,463 4,730 4,080 4,210

390 Indonesia 323 406 406 406 406

264 India 347 202 319 226 326

272 United States 249 227 272 272 272

2,880 Other 2,153 2,265 2,794 2,882 2,672

9,825 Total 9,713 10,628 12,451 12,566 12,161

Most countries are on an October/September Marketing Year (MY). The Mexico and Thailand are on a September/August MY.

Canada is on an August/July MY. Paraguay is on a March/February MY. Vietnam and the Philippines are on a January/December

MY and Bolivia is on a March/February MY.

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

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Table 09: Soybean Oil: World Supply and Distribution

Thousand Metric Tons

2011/12 2012/13 2013/14 2014/15

Jun

2015/16

Jul

2015/16

Production none

10,914 China 11,626 12,335 13,280 13,809 13,837

8,954 United States 8,990 9,131 9,482 9,596 9,648

6,839 Argentina 6,364 6,785 7,360 8,050 7,860

7,310 Brazil 6,760 7,070 7,540 7,580 7,580

2,359 European Union 2,501 2,546 2,613 2,620 2,680

1,708 India 1,752 1,478 1,315 1,630 1,630

172 Paraguay 564 640 707 780 783

4,467 Other 4,524 5,029 5,656 5,887 5,994

42,723 Total 43,081 45,014 47,953 49,952 50,012

Imports none

1,174 India 1,086 1,830 2,500 2,450 2,650

1,502 China 1,409 1,353 900 1,300 1,300

438 Algeria 575 625 580 620 620

420 Bangladesh 397 442 500 520 520

411 Iran 543 551 500 515 515

367 Morocco 364 446 450 460 460

415 Venezuela 374 403 425 430 430

344 Peru 363 355 370 380 380

257 Colombia 216 288 320 330 330

343 Korea, South 300 278 300 300 300

2,287 Other 2,866 2,783 2,945 2,878 2,858

7,958 Total 8,493 9,354 9,790 10,183 10,363

Exports none

3,794 Argentina 4,244 4,087 4,560 5,100 5,100

1,885 Brazil 1,251 1,378 1,370 1,380 1,380

664 United States 982 851 862 907 907

742 European Union 1,011 771 850 820 900

127 Paraguay 558 650 670 735 735

142 Russia 129 332 350 370 370

224 Bolivia 288 315 320 320 320

887 Other 899 1,002 1,102 1,146 1,146

8,465 Total 9,362 9,386 10,084 10,778 10,858

Domestic Consumption none

12,044 China 12,545 13,657 14,238 15,029 15,057

8,306 United States 8,476 8,599 8,619 8,709 8,754

5,390 Brazil 5,534 5,765 6,090 6,230 6,230

2,750 India 2,950 3,300 3,800 4,000 4,250

3,020 Argentina 2,275 2,729 2,761 2,960 2,770

2,109 European Union 1,908 1,980 2,070 1,960 1,970

845 Mexico 860 890 951 960 960

625 Iran 630 635 670 650 680

440 Bangladesh 470 530 610 655 655

490 Algeria 540 590 610 630 630

440 Egypt 582 496 550 552 552

424 Venezuela 439 449 464 480 480

445 Korea, South 445 440 450 460 460

372 Morocco 374 440 450 460 460

272 Colombia 283 325 390 410 415

4,201 Other 4,278 4,535 4,781 5,021 5,052

42,173 Total 42,589 45,360 47,504 49,166 49,375

Ending Stocks none

615 China 1,021 958 800 800 800

1,152 United States 773 529 632 614 698

418 Brazil 399 326 407 377 377

298 European Union 202 322 315 367 325

360 India 248 255 270 300 300

1,276 Other 1,099 974 1,095 1,146 1,161

4,119 Total 3,742 3,364 3,519 3,604 3,661

Most countries are on an October/September Marketing Year (MY). Mexico is on a September/August MY. Peru is on an

January/December MY and Paraguay and Bolivia are on a March/February MY.

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 16: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 10: Soybeans and Products: World Trade

Thousand Metric Tons

Marketing Year

Meal, Soybean Oil, Soybean Oilseed, Soybean

2015/162014/152013/142015/162014/152013/142015/162014/152013/14

Exports

North America 10,738 11,701 10,939 947 976 1,021 48,286 53,443 52,133

Canada (Aug-Jul) 241 250 260 92 110 110 3,471 3,775 3,825

United States (Sep-Aug) 10,478 11,431 10,659 851 862 907 44,815 49,668 48,308

South America 42,954 46,050 49,530 6,432 6,922 7,537 62,791 62,959 67,634

Argentina (Oct-Sep) 24,972 27,400 30,200 4,087 4,560 5,100 7,842 8,000 8,700

Brazil (Oct-Sep) 13,948 14,600 14,800 1,378 1,370 1,380 46,829 46,800 50,750

Paraguay (Mar-Feb) 2,504 2,550 2,980 650 670 735 4,800 4,600 4,600

South Asia 2,748 1,207 2,032 1 0 0 183 250 300

India (Oct-Sep) 2,742 1,200 2,025 1 0 0 183 250 300

Other 3,616 3,810 3,405 2,006 2,186 2,300 1,633 2,837 3,274

World Total 60,056 62,768 65,906 9,386 10,084 10,858 112,893 119,489 123,341

Imports

European Union (Oct-Sep) 18,175 19,550 20,100 325 300 200 12,985 12,950 13,100

East Asia 3,884 3,600 3,655 1,772 1,350 1,755 76,866 80,465 83,955

China (Oct-Sep) 20 50 20 1,353 900 1,300 70,364 74,000 77,500

Japan (Oct-Sep) 1,976 1,750 1,850 16 15 15 2,894 2,900 2,850

Korea, South (Oct-Sep) 1,825 1,700 1,700 278 300 300 1,271 1,200 1,200

Taiwan (Oct-Sep) 22 50 35 3 0 0 2,335 2,350 2,380

Southeast Asia 13,743 14,971 16,172 299 310 320 6,150 6,485 6,770

Indonesia (Oct-Sep) 3,983 4,250 4,700 25 25 25 2,241 2,150 2,300

Malaysia (Oct-Sep) 1,397 1,450 1,500 113 120 125 554 610 620

Philippines (Jan-Dec) 2,337 2,500 2,650 41 42 43 122 130 130

Thailand (Sep-Aug) 2,665 3,000 3,050 6 4 2 1,798 2,075 2,100

Vietnam (Jan-Dec) 3,342 3,750 4,250 80 85 90 1,415 1,500 1,600

North America 2,797 2,938 3,195 307 335 312 6,133 5,242 5,216

Canada (Aug-Jul) 982 975 1,050 31 33 33 340 400 350

Mexico (Sep-Aug) 1,510 1,600 1,850 201 200 200 3,842 4,025 4,050

South America 4,642 4,890 5,025 1,293 1,392 1,411 1,599 1,504 1,604

Brazil (Oct-Sep) 25 25 25 0 1 0 605 400 450

Colombia (Oct-Sep) 1,036 1,080 1,100 288 320 330 436 550 570

Central America 948 1,001 1,027 165 180 191 269 315 343

Caribbean 837 920 968 286 309 317 148 155 165

Middle East 5,295 4,837 5,030 640 594 619 2,257 3,020 3,245

Iran (Oct-Sep) 2,683 2,300 2,350 551 500 515 301 700 750

Israel (Oct-Sep) 129 140 145 11 15 13 319 325 345

Syria (May-Apr) 251 260 270 1 2 2 29 45 50

Turkey (Oct-Sep) 744 550 600 8 0 0 1,608 1,950 2,100

North Africa 3,245 3,280 3,517 1,404 1,455 1,495 1,828 2,030 2,100

Egypt (Oct-Sep) 1,116 1,050 1,150 213 300 290 1,694 1,880 1,950

Other 4,226 4,210 4,178 2,863 3,565 3,743 3,039 3,745 4,274

World Total 57,792 60,197 62,867 9,354 9,790 10,363 111,274 115,911 120,772

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 17: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 11: Palm Oil: World Supply and Distribution

Thousand Metric Tons

2011/12 2012/13 2013/14 2014/15

Jun

2015/16

Jul

2015/16

Production none

26,200 Indonesia 28,500 30,500 33,000 35,000 35,000

18,202 Malaysia 19,321 20,161 19,800 21,000 21,000

1,892 Thailand 2,135 2,000 1,800 2,200 2,200

945 Colombia 1,140 1,040 1,108 1,100 1,100

970 Nigeria 970 970 970 970 970

4,373 Other 4,522 4,717 4,775 4,895 4,895

52,582 Total 56,588 59,388 61,453 65,165 65,165

Imports none

7,473 India 8,364 7,820 9,000 9,450 9,600

5,707 European Union 6,798 6,902 6,800 6,800 6,800

5,841 China 6,589 5,573 5,300 5,750 5,750

2,218 Pakistan 2,246 2,758 2,700 2,950 2,950

984 Bangladesh 1,030 1,262 1,250 1,400 1,400

1,368 Egypt 969 1,153 1,425 1,300 1,300

1,032 United States 1,293 1,220 1,168 1,202 1,202

854 Singapore 654 552 750 800 800

610 Iran 722 609 750 750 750

470 Burma 583 581 650 700 700

12,287 Other 12,570 13,392 13,346 13,648 13,648

38,844 Total 41,818 41,822 43,139 44,750 44,900

Exports none

18,452 Indonesia 20,373 21,719 23,000 23,500 24,000

17,586 Malaysia 18,524 17,344 17,200 18,000 18,000

585 Papua New Guinea 564 539 550 560 560

253 Benin 430 600 450 440 440

248 Guatemala 346 411 405 400 400

2,720 Other 2,967 2,672 2,591 2,687 2,637

39,844 Total 43,204 43,285 44,196 45,587 46,037

Domestic Consumption none

7,129 Indonesia 7,852 8,798 10,020 11,420 10,920

7,485 India 8,250 8,384 9,100 9,700 9,850

5,523 European Union 6,560 6,775 6,650 6,650 6,650

5,841 China 6,389 5,669 5,480 5,750 5,750

2,150 Malaysia 2,451 2,868 3,160 3,470 3,470

2,115 Pakistan 2,285 2,490 2,690 2,945 2,945

1,525 Thailand 1,710 1,880 1,820 1,960 2,010

1,385 Nigeria 1,455 1,470 1,495 1,550 1,550

1,030 Bangladesh 1,030 1,190 1,295 1,400 1,400

1,265 Egypt 1,120 1,110 1,370 1,220 1,220

1,043 United States 1,238 1,207 1,157 1,179 1,179

890 Colombia 905 962 1,013 1,040 1,040

665 Ghana 700 730 760 780 780

600 Iran 650 680 730 750 750

600 Russia 660 715 730 730 730

11,227 Other 11,915 12,761 13,352 14,100 14,110

50,473 Total 55,170 57,689 60,822 64,644 64,354

Ending Stocks none

2,481 Malaysia 1,784 2,091 2,131 2,161 2,161

1,445 Indonesia 1,758 1,768 1,748 1,928 1,828

669 India 921 528 608 508 558

270 European Union 373 338 328 318 318

170 Pakistan 91 309 269 224 224

2,473 Other 2,613 2,742 2,266 1,980 1,935

7,508 Total 7,540 7,776 7,350 7,119 7,024

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 18: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 12: Rapeseed and Products: World Supply and Distribution

Thousand Metric Tons

Marketing Year

Meal, Rapeseed Oil, Rapeseed Oilseed, Rapeseed

2015/162014/152013/142015/162014/152013/142015/162014/152013/14

Production

China (Oct-Sep) 11,631 11,505 10,987 6,579 6,500 6,223 14,458 14,600 14,100

India (Oct-Sep) 3,720 3,660 3,719 2,500 2,450 2,500 7,300 7,100 7,500

Canada (Aug-Jul) 3,925 4,065 3,980 3,050 3,150 3,080 17,966 15,555 14,600

Japan (Oct-Sep) 1,353 1,360 1,360 1,054 1,075 1,075 2 2 2

European Union (Jul-Jun) 13,780 14,203 13,630 9,946 10,251 9,850 21,299 24,255 21,400

Other 5,029 5,510 5,449 3,481 3,823 3,780 10,436 10,193 9,580

World Total 39,438 40,303 39,125 26,610 27,249 26,508 71,461 71,705 67,182

Imports

China (Oct-Sep) 314 100 200 902 825 900 5,046 4,200 3,600

India (Oct-Sep) 0 0 0 160 275 350 0 0 0

Canada (Aug-Jul) 11 22 12 83 45 65 66 80 100

Japan (Oct-Sep) 76 75 75 10 12 12 2,378 2,450 2,450

European Union (Jul-Jun) 457 400 450 296 255 270 3,495 2,500 2,400

Other 5,065 5,083 5,182 2,318 2,353 2,445 4,246 4,585 4,583

World Total 5,923 5,680 5,919 3,769 3,765 4,042 15,231 13,815 13,133

Exports

China (Oct-Sep) 37 30 20 6 10 10 0 0 0

India (Oct-Sep) 1,327 925 1,050 3 3 3 1 0 0

Canada (Aug-Jul) 3,424 3,500 3,500 2,348 2,400 2,550 9,173 8,800 8,100

Japan (Oct-Sep) 2 2 0 2 1 1 0 0 0

European Union (Jul-Jun) 361 400 300 306 340 300 290 585 300

Other 921 917 995 1,151 1,200 1,096 5,498 4,840 4,720

World Total 6,072 5,774 5,865 3,816 3,954 3,960 14,962 14,225 13,120

Domestic Consumption

China (Oct-Sep) 11,908 11,575 11,167 7,025 7,639 7,700 19,100 18,900 18,050

India (Oct-Sep) 2,403 2,735 2,669 2,605 2,755 2,845 7,300 7,225 7,400

Canada (Aug-Jul) 515 520 535 645 675 705 7,084 7,319 7,159

Japan (Oct-Sep) 1,430 1,420 1,420 1,030 1,045 1,060 2,405 2,455 2,455

European Union (Jul-Jun) 13,750 14,200 13,800 9,675 10,159 9,925 24,936 25,830 24,700

Other 9,245 9,643 9,642 4,680 5,069 5,126 8,925 9,749 9,668

World Total 39,251 40,093 39,233 25,660 27,342 27,361 69,750 71,478 69,432

Ending Stocks

China (Oct-Sep) 0 0 0 2,607 2,283 1,696 1,036 936 586

India (Oct-Sep) 20 20 20 165 132 134 568 443 543

Canada (Aug-Jul) 98 165 122 211 331 221 2,363 1,879 1,320

Japan (Oct-Sep) 15 28 43 150 191 217 84 81 78

European Union (Jul-Jun) 215 218 198 293 300 195 2,070 2,410 1,210

Other 81 114 108 325 232 235 891 1,080 855

World Total 429 545 491 3,751 3,469 2,698 7,012 6,829 4,592

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 19: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 13: Sunflowerseed and Products: World Supply and Distribution

Thousand Metric Tons

Marketing Year

Oilseed, Sunflowerseed Meal, Sunflowerseed Oil, Sunflowerseed

2015/162014/152013/142015/162014/152013/142015/162014/152013/14

Production

Argentina (Mar-Feb) 2,100 2,800 2,600 962 1,155 1,200 934 1,100 1,140

Russia (Sep-Aug) 10,554 8,929 9,400 3,466 3,215 3,330 3,851 3,570 3,690

Turkey (Sep-Aug) 1,400 1,200 1,150 753 647 660 845 725 740

Ukraine (Sep-Aug) 11,600 10,200 10,000 4,700 4,260 4,200 4,725 4,284 4,200

European Union (Oct-Sep) 9,008 8,935 8,200 4,130 4,080 3,975 3,190 3,145 3,055

Other 8,190 7,969 8,184 2,779 2,624 2,693 2,415 2,303 2,359

World Total 42,852 40,033 39,534 16,790 15,981 16,058 15,960 15,127 15,184

Imports

Argentina (Mar-Feb) 1 1 2 0 0 0 0 0 0

Russia (Sep-Aug) 35 25 30 6 0 0 12 10 10

Turkey (Sep-Aug) 581 500 550 757 750 850 776 750 830

Ukraine (Sep-Aug) 15 15 10 0 0 0 0 0 0

European Union (Oct-Sep) 319 250 250 3,364 3,350 3,400 1,039 950 900

Other 550 601 540 1,411 1,479 1,495 4,856 4,522 4,708

World Total 1,501 1,392 1,382 5,538 5,579 5,745 6,683 6,232 6,448

Exports

Argentina (Mar-Feb) 73 80 85 365 345 460 343 375 500

Russia (Sep-Aug) 125 65 50 1,729 1,500 1,500 1,753 1,450 1,500

Turkey (Sep-Aug) 33 30 20 0 0 0 584 550 600

Ukraine (Sep-Aug) 70 50 50 3,648 3,750 3,700 4,181 3,700 3,600

European Union (Oct-Sep) 713 600 600 173 230 180 372 380 300

Other 933 910 857 289 259 269 520 504 490

World Total 1,947 1,735 1,662 6,204 6,084 6,109 7,753 6,959 6,990

Domestic Consumption

Argentina (Mar-Feb) 2,251 2,675 2,754 730 730 740 700 722 722

Russia (Sep-Aug) 10,095 9,160 9,420 1,650 1,750 1,850 2,140 2,200 2,270

Turkey (Sep-Aug) 1,986 1,706 1,736 1,490 1,415 1,510 1,050 1,085 1,095

Ukraine (Sep-Aug) 11,385 10,335 10,125 650 650 650 575 580 595

European Union (Oct-Sep) 8,515 8,470 8,300 7,200 7,250 7,225 3,660 3,720 3,770

Other 7,955 7,685 7,855 3,915 3,860 3,897 6,455 6,536 6,644

World Total 42,187 40,031 40,190 15,635 15,655 15,872 14,580 14,843 15,096

Ending Stocks

Argentina (Mar-Feb) 775 821 584 64 144 144 406 409 327

Russia (Sep-Aug) 369 98 58 93 58 38 169 99 29

Turkey (Sep-Aug) 139 103 47 20 2 2 342 182 57

Ukraine (Sep-Aug) 367 197 32 402 262 112 29 33 38

European Union (Oct-Sep) 879 994 544 198 148 118 255 250 135

Other 346 321 333 68 52 74 741 526 459

World Total 2,875 2,534 1,598 845 666 488 1,942 1,499 1,045

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 20: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 14: Minor Vegetable Oils: World Supply and Distribution

Thousand Metric Tons

Marketing Year

Oil, Peanut Oil, Cottonseed Oil, Olive

2015/162014/152013/142015/162014/152013/142015/162014/152013/14

Production

China (Oct-Sep) 2,725 2,720 2,740 1,487 1,396 1,295 nr nr nr

India (Oct-Sep) 1,220 1,150 1,220 1,305 1,320 1,305 nr nr nr

Turkey (Nov-Oct) 4 5 6 130 180 155 190 190 170

United States (Aug-Jul) 95 95 113 286 277 261 5 5 5

European Union (Oct-Sep) 12 12 12 48 50 48 2,475 1,550 2,150

Other 1,582 1,607 1,609 1,926 1,949 1,894 470 584 535

World Total 5,638 5,589 5,700 5,182 5,172 4,958 3,140 2,329 2,860

Imports

China (Oct-Sep) 74 100 95 0 0 0 nr nr nr

India (Oct-Sep) 0 0 0 0 0 0 nr nr nr

Turkey (Nov-Oct) 0 0 0 0 0 0 0 0 0

United States (Aug-Jul) 25 20 16 14 9 9 311 309 311

European Union (Oct-Sep) 66 66 67 0 0 0 54 180 100

Other 18 17 17 50 56 44 219 216 217

World Total 183 203 195 64 65 53 584 705 628

Exports

China (Oct-Sep) 10 10 10 4 15 5 nr nr nr

India (Oct-Sep) 5 15 5 0 0 0 nr nr nr

Turkey (Nov-Oct) 0 0 0 1 1 1 28 25 25

United States (Aug-Jul) 4 6 7 67 68 68 6 8 8

European Union (Oct-Sep) 3 3 3 1 1 1 675 560 600

Other 180 171 172 62 47 49 136 271 191

World Total 202 205 197 135 132 124 845 864 824

Domestic Consumption

China (Oct-Sep) 2,789 2,810 2,825 1,483 1,381 1,290 nr nr nr

India (Oct-Sep) 1,215 1,135 1,215 1,295 1,317 1,320 nr nr nr

Turkey (Nov-Oct) 4 5 6 135 175 165 150 155 160

United States (Aug-Jul) 116 107 122 233 218 202 310 306 308

European Union (Oct-Sep) 74 75 76 47 49 47 1,780 1,570 1,570

Other 1,448 1,447 1,454 1,919 1,973 1,909 611 542 571

World Total 5,646 5,579 5,698 5,112 5,113 4,933 2,851 2,573 2,609

Ending Stocks

China (Oct-Sep) 0 0 0 0 0 0 nr nr nr

India (Oct-Sep) 10 10 10 58 61 46 nr nr nr

Turkey (Nov-Oct) 0 0 0 7 11 6 21 31 16

United States (Aug-Jul) 9 11 11 45 45 45 0 0 0

European Union (Oct-Sep) 3 3 3 0 0 0 430 30 110

Other 14 20 20 110 95 75 61 48 38

World Total 36 44 44 220 212 172 512 109 164

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 21: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 15: World Oilseeds and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Major Oilseeds

334.54 29.3670.04448.0470.9642.54195.59 2002/03 328.69 49.31

338.36 29.2566.80451.7364.0649.31212.32 2003/04 338.64 46.30

383.88 30.6674.35502.8872.7046.30219.03 2004/05 368.89 59.64

394.13 31.8075.81529.1075.3259.64221.16 2005/06 386.88 66.41

405.92 31.7783.09552.9580.6166.41222.84 2006/07 394.65 75.22

391.75 31.7091.35556.9990.0275.22218.84 2007/08 402.36 63.29

399.75 33.6494.57556.9493.9063.29230.52 2008/09 404.36 58.01

447.41 34.74106.92607.11101.6958.01236.17 2009/10 424.74 75.46

461.12 36.17108.37640.32103.7575.46245.01 2010/11 446.03 85.93

447.95 36.52111.27645.75111.8785.93248.90 2011/12 467.18 67.30

476.06 36.78118.12656.75113.3967.30256.30 2012/13 470.38 68.26

505.85 37.32133.68705.51131.4068.26260.28 2013/14 494.30 77.53

535.89 38.14138.93747.80134.3877.53264.10 2014/15 513.79 95.08

531.77 38.93141.76765.41138.5695.08266.62 2015/16 521.43 102.23

Major Protein Meals

185.82 0.3654.01247.3253.567.94nr 2002/03 186.27 7.04

191.18 0.3759.04256.0157.807.04nr 2003/04 189.36 7.61

206.52 0.3961.20273.6259.487.61nr 2004/05 204.73 7.70

216.82 0.3766.27289.9265.407.70nr 2005/06 215.04 8.61

223.77 0.4068.98299.2466.878.61nr 2006/07 220.90 9.36

231.42 0.4672.14310.4769.689.36nr 2007/08 229.06 9.27

229.18 0.4369.38305.9667.519.27nr 2008/09 229.46 7.13

243.97 0.4672.22319.9168.817.13nr 2009/10 239.21 8.48

256.65 0.4777.24339.1173.988.48nr 2010/11 251.02 10.85

267.38 0.5180.37355.6377.3910.85nr 2011/12 262.93 12.33

268.86 0.5178.43353.9072.7112.33nr 2012/13 264.23 11.24

282.60 0.5282.07372.0878.2311.24nr 2013/14 277.29 12.71

296.42 0.5884.55389.5480.4112.71nr 2014/15 290.49 14.50

303.55 0.5587.96401.8383.7814.50nr 2015/16 299.85 14.02

Major Vegetable Oils

96.47 83.2136.59141.6434.8910.2811.42 2002/03 95.00 10.05

103.21 87.2440.01150.9537.6910.0512.08 2003/04 100.51 10.43

112.04 91.7843.91163.3940.9110.4312.73 2004/05 107.50 11.98

119.42 94.7148.65175.9144.5111.9813.61 2005/06 114.18 13.09

122.14 96.6950.44182.7047.4713.0914.19 2006/07 119.26 13.00

129.28 99.6854.52192.9450.6713.0014.72 2007/08 125.52 12.90

134.39 102.9356.76201.7454.4512.9015.57 2008/09 131.07 13.91

141.67 107.6258.88211.9856.4113.9116.32 2009/10 138.41 14.70

148.86 111.9860.56221.7558.1914.7017.04 2010/11 145.59 15.59

157.79 115.8864.67235.0861.7115.5917.62 2011/12 152.15 18.26

161.29 120.7468.34244.1964.6418.2618.33 2012/13 158.02 17.84

171.28 125.8970.00255.6066.4917.8419.05 2013/14 166.80 18.80

175.48 131.0371.14262.3368.0518.8019.73 2014/15 174.06 17.13

181.33 135.5773.82269.3570.8917.1320.30 2015/16 179.96 15.58

Based on the aggregate of different marketing years

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 22: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 16: World Soybeans and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean

196.95 165.0761.32295.0062.8835.1681.62 2002/03 191.12 42.55

186.79 163.5456.05283.3754.0442.5588.58 2003/04 188.92 38.41

215.91 175.2964.75317.8763.5638.4193.35 2004/05 204.45 48.67

220.86 185.9663.85333.6364.1048.6793.11 2005/06 215.81 53.97

236.30 195.5771.14359.1768.9153.9794.56 2006/07 225.02 63.01

219.01 202.2478.32360.4078.3763.0190.85 2007/08 229.47 52.61

212.08 193.6177.21342.1277.4352.6196.44 2008/09 221.76 43.15

260.56 209.5891.44390.5286.8243.15102.56 2009/10 238.45 60.63

264.35 221.2291.70413.7488.7660.63103.36 2010/11 251.23 70.80

240.43 228.2892.16404.6893.4570.80103.14 2011/12 258.40 54.13

268.82 230.17100.53418.8695.9154.13109.78 2012/13 261.98 56.35

283.24 241.26112.89450.87111.2756.35113.18 2013/14 275.25 62.73

318.60 257.50119.49497.24115.9162.73118.32 2014/15 296.08 81.68

318.92 268.08123.34521.37120.7781.68121.05 2015/16 306.23 91.80

Meal, Soybean

130.23 165.0743.04178.4842.415.84nr 2002/03 129.92 5.52

128.92 163.5546.08179.3644.925.52nr 2003/04 127.64 5.64

138.62 175.3047.70190.2846.025.64nr 2004/05 136.74 5.84

146.41 185.9752.25203.6851.435.84nr 2005/06 145.28 6.15

153.82 195.5954.70212.7852.816.15nr 2006/07 150.99 7.09

158.71 202.2856.06220.6654.867.09nr 2007/08 157.42 7.18

152.17 193.8052.84211.0351.697.18nr 2008/09 153.25 4.94

165.28 209.9255.61223.6953.484.94nr 2009/10 161.49 6.60

174.43 221.6558.55237.9456.916.60nr 2010/11 170.94 8.45

180.41 228.7858.27245.8456.988.45nr 2011/12 177.74 9.83

181.24 230.7057.93244.8953.839.83nr 2012/13 177.25 9.71

189.52 241.7560.06257.0257.799.71nr 2013/14 186.34 10.63

202.98 258.0562.77273.8160.2010.63nr 2014/15 198.59 12.45

211.31 268.6565.91286.6362.8712.45nr 2015/16 208.56 12.16

Oil, Soybean

30.58 165.078.8142.048.213.25nr 2002/03 30.11 3.12

30.24 163.548.7041.768.393.12nr 2003/04 30.30 2.75

32.57 175.299.0644.188.862.75nr 2004/05 31.83 3.29

34.86 185.969.7947.229.083.29nr 2005/06 33.54 3.90

36.43 195.5710.5350.309.973.90nr 2006/07 35.71 4.06

37.74 202.2610.8452.1910.404.06nr 2007/08 37.51 3.84

35.94 193.789.1848.959.173.84nr 2008/09 36.38 3.39

38.85 209.909.1650.968.723.39nr 2009/10 38.20 3.59

41.37 221.639.6454.479.513.59nr 2010/11 40.75 4.08

42.72 228.738.4754.767.964.08nr 2011/12 42.17 4.12

43.08 230.659.3655.698.494.12nr 2012/13 42.59 3.74

45.01 241.709.3958.119.353.74nr 2013/14 45.36 3.36

47.95 258.0010.0861.119.793.36nr 2014/15 47.50 3.52

50.01 268.6110.8663.8910.363.52nr 2015/16 49.38 3.66

Based on the aggregate of different marketing years, primarily October through September.

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 23: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 17: World Rapeseed and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Oilseed, Rapeseed

33.29 0.414.1340.164.022.8522.10 2002/03 33.83 2.20

39.48 0.425.5346.825.142.2025.49 2003/04 38.91 2.38

46.16 0.444.9153.545.002.3826.71 2004/05 43.35 5.29

48.60 0.456.9860.556.665.2927.29 2005/06 47.78 5.79

45.04 0.476.6357.826.995.7926.42 2006/07 46.12 5.06

48.64 0.488.1661.247.545.0628.31 2007/08 49.13 3.95

57.89 0.5012.1373.9612.113.9531.04 2008/09 54.53 7.30

61.03 0.5210.8479.0710.747.3031.46 2009/10 59.33 8.90

60.61 0.5410.8779.6110.108.9033.84 2010/11 60.38 8.36

61.61 0.6312.9283.1513.188.3634.13 2011/12 63.66 6.58

63.75 0.6612.4582.9812.666.5836.32 2012/13 65.50 5.03

71.46 0.7014.9691.7215.235.0336.17 2013/14 69.75 7.01

71.71 0.7814.2392.5313.827.0135.66 2014/15 71.48 6.83

67.18 0.8513.1287.1413.136.8335.41 2015/16 69.43 4.59

Meal, Rapeseed

18.82 0.001.6220.901.730.34nr 2002/03 18.96 0.32

21.76 0.002.4924.572.490.32nr 2003/04 21.59 0.49

24.23 0.002.2427.022.300.49nr 2004/05 24.43 0.35

26.50 0.002.5129.402.550.35nr 2005/06 26.30 0.60

25.72 0.002.9629.373.050.60nr 2006/07 26.12 0.29

27.62 0.003.6931.463.550.29nr 2007/08 27.48 0.30

30.70 0.003.5934.583.580.30nr 2008/09 30.74 0.25

33.41 0.003.6037.283.630.25nr 2009/10 33.23 0.45

34.05 0.005.1739.424.920.45nr 2010/11 33.73 0.53

35.72 0.005.4841.385.140.53nr 2011/12 35.35 0.56

36.92 0.005.4642.675.180.56nr 2012/13 36.82 0.39

39.44 0.006.0745.755.920.39nr 2013/14 39.25 0.43

40.30 0.005.7746.415.680.43nr 2014/15 40.09 0.55

39.13 0.005.8745.595.920.55nr 2015/16 39.23 0.49

Oil, Rapeseed

12.27 11.060.9113.880.890.72nr 2002/03 12.40 0.57

14.18 12.521.3316.111.360.57nr 2003/04 14.41 0.38

15.79 12.901.2917.371.200.38nr 2004/05 15.59 0.48

17.52 13.221.6519.471.470.48nr 2005/06 17.12 0.70

17.20 12.601.9920.102.200.70nr 2006/07 17.57 0.54

18.53 13.111.9021.092.030.54nr 2007/08 18.36 0.83

20.59 14.092.4423.872.440.83nr 2008/09 20.45 0.97

22.51 14.792.7326.412.920.97nr 2009/10 22.09 1.59

23.05 15.743.4227.973.331.59nr 2010/11 23.29 1.26

24.12 16.093.9729.394.011.26nr 2011/12 23.68 1.74

24.91 16.433.9430.523.871.74nr 2012/13 23.73 2.85

26.61 17.213.8233.233.772.85nr 2013/14 25.66 3.75

27.25 18.653.9534.773.773.75nr 2014/15 27.34 3.47

26.51 18.953.9634.024.043.47nr 2015/16 27.36 2.70

Based on the aggregate of different marketing years.

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 24: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 18: World Sunflower and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Exports Domestic

Consumpti

Ending

Stocks

Oilseed, Sunflowerseed

23.97 2.4823.231.551.371.9220.18 2002/03

26.90 3.2526.052.262.192.4823.01 2003/04

25.34 2.8625.651.231.143.2520.83 2004/05

30.26 3.4029.591.521.382.8622.79 2005/06

30.18 4.0529.401.911.773.4023.42 2006/07

27.38 3.7327.471.461.234.0521.01 2007/08

33.29 3.9832.772.141.863.7323.65 2008/09

31.78 2.7332.971.551.483.9822.91 2009/10

33.08 2.4633.141.781.572.7322.94 2010/11

39.69 2.3739.491.921.642.4624.85 2011/12

36.02 2.6635.601.441.312.3723.77 2012/13

42.85 2.8842.191.951.502.6624.40 2013/14

40.03 2.5340.031.741.392.8823.37 2014/15

39.53 1.6040.191.661.382.5323.44 2015/16

Meal, Sunflowerseed

9.01 0.179.072.312.200.33nr 2002/03

10.23 0.219.992.852.650.17nr 2003/04

9.98 0.229.752.762.550.21nr 2004/05

11.53 0.3311.173.543.280.22nr 2005/06

11.51 0.2611.413.473.290.33nr 2006/07

10.75 0.2810.223.282.770.26nr 2007/08

12.78 0.6112.154.273.960.28nr 2008/09

12.96 0.6412.314.113.490.61nr 2009/10

13.00 0.6612.244.593.860.64nr 2010/11

15.66 1.1314.536.766.100.66nr 2011/12

14.02 0.3614.425.104.721.13nr 2012/13

16.79 0.8515.646.205.540.36nr 2013/14

15.98 0.6715.666.085.580.85nr 2014/15

16.06 0.4915.876.115.750.67nr 2015/16

Oil, Sunflowerseed

8.14 0.737.752.311.990.66nr 2002/03

9.21 0.738.502.681.960.73nr 2003/04

9.16 0.958.532.582.170.73nr 2004/05

10.68 1.129.893.923.300.95nr 2005/06

10.74 0.9710.174.053.331.12nr 2006/07

10.19 1.039.353.522.750.97nr 2007/08

12.00 1.7610.814.544.081.03nr 2008/09

12.14 1.5211.644.503.751.76nr 2009/10

12.21 1.1411.764.533.711.52nr 2010/11

14.74 2.1212.986.475.691.14nr 2011/12

13.26 1.6313.235.484.962.12nr 2012/13

15.96 1.9414.587.756.681.63nr 2013/14

15.13 1.5014.846.966.231.94nr 2014/15

15.18 1.0515.106.996.451.50nr 2015/16

Based on the aggregate of different marketing years, primarily September through August.

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 25: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 19: World Palm Oil, Coconut Oil, and Fish Meal Supply and Distribution

Million Metric Tons

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Industrial

Dom.

Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Oil, Palm

19.67 21.984.3820.4050.7627.763.33 2002/03 26.90 3.47

21.91 23.035.0922.6955.4830.113.47 2003/04 28.64 4.16

24.35 24.916.2725.9062.1333.634.16 2004/05 31.71 4.52

26.14 26.047.2328.0666.6736.014.52 2005/06 33.81 4.81

27.14 27.537.8428.5469.5237.584.81 2006/07 35.88 5.10

30.66 30.109.1432.6477.1841.425.10 2007/08 39.84 4.70

34.00 32.0210.0735.2283.1544.454.70 2008/09 42.73 5.21

35.41 34.0210.2936.3786.9946.375.21 2009/10 44.96 5.66

36.61 35.6211.5937.2991.5149.245.66 2010/11 47.82 6.40

38.84 37.1512.6239.8497.8352.586.40 2011/12 50.47 7.51

41.82 40.0614.4243.20105.9156.597.51 2012/13 55.17 7.54

41.82 41.2215.7443.29108.7559.397.54 2013/14 57.69 7.78

43.14 43.2616.7344.20112.3761.457.78 2014/15 60.82 7.35

44.90 45.3818.1446.04117.4265.177.35 2015/16 64.35 7.02

Oil, Coconut

1.89 1.801.251.735.533.150.49 2002/03 3.16 0.63

1.68 1.741.411.795.583.270.63 2003/04 3.28 0.51

1.91 1.801.402.085.843.420.51 2004/05 3.29 0.47

2.03 1.781.432.055.843.340.47 2005/06 3.35 0.44

1.87 1.741.431.745.473.160.44 2006/07 3.25 0.48

1.90 1.851.511.935.853.470.48 2007/08 3.38 0.54

1.66 1.721.561.485.623.420.54 2008/09 3.29 0.85

2.28 2.151.682.176.663.530.85 2009/10 3.84 0.64

1.78 1.961.671.716.113.680.64 2010/11 3.65 0.75

1.82 1.971.551.866.013.430.75 2011/12 3.54 0.60

1.87 2.021.711.916.123.650.60 2012/13 3.75 0.47

1.68 1.831.581.735.533.380.47 2013/14 3.42 0.38

1.71 1.801.631.725.443.350.38 2014/15 3.44 0.28

1.70 1.831.631.715.373.390.28 2015/16 3.47 0.19

Meal, Fish

2.85 0.000.052.858.524.730.94 2002/03 5.07 0.60

3.12 0.000.053.209.265.540.60 2003/04 5.28 0.77

3.60 0.000.063.659.905.520.77 2004/05 5.60 0.66

2.95 0.000.052.728.384.770.66 2005/06 5.02 0.63

2.69 0.000.052.598.284.960.63 2006/07 4.83 0.85

3.01 0.000.052.858.885.020.85 2007/08 5.31 0.72

3.11 0.000.052.958.744.910.72 2008/09 5.22 0.57

2.63 0.000.052.277.123.920.57 2009/10 4.67 0.19

2.66 0.000.052.497.865.020.19 2010/11 4.77 0.61

2.92 0.000.052.597.704.180.61 2011/12 4.92 0.20

2.35 0.000.052.136.924.370.20 2012/13 4.49 0.31

2.62 0.000.052.187.064.140.31 2013/14 4.66 0.22

2.45 0.000.052.206.974.290.22 2014/15 4.58 0.19

2.49 0.000.052.166.934.250.19 2015/16 4.63 0.14

Based on the aggregate of different marketing years.

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 26: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 20: United States Oilseeds and Products Supply and Distribution Local Marketing Year

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Major Oilseeds

83,935 47,50529,43391,3585506,87336,284 2002/03 56,090 5,835

76,604 45,53925,15882,9425035,83536,041 2003/04 53,632 4,152

95,944 50,16730,708100,7776814,15236,808 2004/05 61,780 8,289

95,670 51,89726,611104,6236648,28936,587 2005/06 63,811 14,201

96,843 53,48331,647112,0771,03314,20136,962 2006/07 63,407 17,023

82,453 53,49533,045100,7411,26517,02331,970 2007/08 60,787 6,909

89,201 49,34335,69497,4051,2956,90935,265 2008/09 56,092 5,619

98,951 51,48241,691105,6361,0665,61935,511 2009/10 58,401 5,544

100,432 49,32341,937106,9219455,54437,179 2010/11 57,665 7,319

92,442 50,31637,783101,0671,3067,31935,131 2011/12 57,672 5,612

93,323 50,25036,873100,7051,7705,61236,676 2012/13 58,069 5,763

99,016 51,46645,789107,9483,1695,76335,438 2013/14 58,207 3,952

117,171 53,98050,673122,9061,7833,95239,173 2014/15 63,827 8,406

115,054 54,39149,314125,2971,8378,40639,518 2015/16 62,705 13,278

Major Protein Meals

36,602 47,5055,92438,0821,194286nr 2002/03 31,912 246

35,198 45,5394,94537,2801,836246nr 2003/04 32,062 273

39,248 50,1676,95441,0501,529273nr 2004/05 33,881 215

39,930 51,8977,60841,7981,653215nr 2005/06 33,829 361

41,450 53,4838,26443,5101,699361nr 2006/07 34,861 385

40,879 53,4958,70643,2441,980385nr 2007/08 34,205 333

37,729 49,3437,94039,8711,809333nr 2008/09 31,685 246

40,077 51,48210,30841,6661,343246nr 2009/10 31,017 341

38,056 49,3238,48740,6372,240341nr 2010/11 31,772 378

39,508 50,3169,17042,9173,031378nr 2011/12 33,411 336

38,691 50,25010,48842,4193,392336nr 2012/13 31,618 313

39,391 51,46610,77743,4593,755313nr 2013/14 32,391 291

42,146 53,98011,72146,2603,823291nr 2014/15 34,203 336

42,181 54,39110,95946,2723,755336nr 2015/16 34,977 336

Major Vegetable Oils

9,208 47,5051,23812,0561,5431,3050 2002/03 9,896 922

8,772 45,53974011,6051,9119220 2003/04 10,070 795

9,769 50,16783812,4051,8417950 2004/05 10,443 1,124

10,436 51,89789913,9392,3791,1240 2005/06 11,243 1,797

10,450 53,4831,33314,7742,5271,7970 2006/07 11,700 1,741

10,544 53,4951,67915,3933,1081,7410 2007/08 12,250 1,464

9,667 49,3431,45714,3613,2301,4640 2008/09 11,167 1,737

10,058 51,4821,94815,1333,3381,7370 2009/10 11,194 1,991

9,774 49,3231,86115,3773,6121,9910 2010/11 11,906 1,610

10,033 50,3161,14615,4743,8311,6100 2011/12 12,784 1,544

10,229 50,2501,38715,5753,8021,5440 2012/13 13,029 1,159

10,425 51,4661,11515,6044,0201,1590 2013/14 13,513 976

10,767 53,9801,13215,7994,0569760 2014/15 13,655 1,012

10,996 54,3911,19016,1494,1411,0120 2015/16 13,877 1,082

Based on the aggregate of different marketing years

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 27: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 21: United States Soybeans and Products Supply and Distribution Local Marketing Years

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean

75,010 43,94828,42380,8001275,66329,339 2002/03 47,524 4,853

66,783 41,63224,12871,7871514,85329,330 2003/04 44,600 3,059

85,019 46,16029,86088,2301523,05929,930 2004/05 51,410 6,960

83,507 47,32425,57990,559926,96028,834 2005/06 52,751 12,229

87,001 49,19830,38699,47624612,22930,190 2006/07 53,473 15,617

72,859 49,08131,53888,74526915,61725,959 2007/08 51,627 5,580

80,749 45,23034,81786,6903615,58030,222 2008/09 48,112 3,761

91,470 47,67340,79895,6283973,76130,907 2009/10 50,724 4,106

90,663 44,85140,95995,1623934,10631,003 2010/11 48,351 5,852

84,291 46,34837,15690,5824395,85229,856 2011/12 48,816 4,610

82,791 45,96735,84688,5041,1034,61030,814 2012/13 48,833 3,825

91,389 47,19244,81597,1651,9513,82530,858 2013/14 49,846 2,504

108,014 49,80449,668111,3358172,50433,614 2014/15 54,727 6,940

105,732 50,07748,308113,4888166,94034,175 2015/16 53,600 11,580

Meal, Soybean

34,649 43,9485,72835,024157218nr 2002/03 29,096 200

32,953 41,6324,69033,412259200nr 2003/04 28,531 191

36,936 46,1606,65937,261134191nr 2004/05 30,446 156

37,416 47,3247,30137,700128156nr 2005/06 30,114 285

39,037 49,1987,98739,464142285nr 2006/07 31,166 311

38,359 49,0818,38438,798128311nr 2007/08 30,148 266

35,473 45,2307,70835,81980266nr 2008/09 27,898 213

37,836 47,67310,12538,194145213nr 2009/10 27,795 274

35,608 44,8518,23836,045163274nr 2010/11 27,489 318

37,217 46,3488,84537,731196318nr 2011/12 28,614 272

36,174 45,96710,13936,668222272nr 2012/13 26,280 249

36,909 47,19210,47837,463305249nr 2013/14 26,758 227

39,689 49,80411,43140,279363227nr 2014/15 28,576 272

39,666 50,07710,65940,233295272nr 2015/16 29,302 272

Oil, Soybean

8,360 43,9481,0279,451211,070nr 2002/03 7,748 676

7,748 41,6324258,563139676nr 2003/04 7,650 488

8,782 46,1606009,28212488nr 2004/05 7,911 771

9,248 47,32452310,03516771nr 2005/06 8,147 1,365

9,294 49,19885110,676171,365nr 2006/07 8,426 1,399

9,335 49,0811,32010,764301,399nr 2007/08 8,317 1,127

8,503 45,2309959,671411,127nr 2008/09 7,378 1,298

8,897 47,6731,52410,242471,298nr 2009/10 7,173 1,545

8,568 44,8511,46610,185721,545nr 2010/11 7,619 1,100

8,954 46,34866410,122681,100nr 2011/12 8,306 1,152

8,990 45,96798210,231891,152nr 2012/13 8,476 773

9,131 47,1928519,97975773nr 2013/14 8,599 529

9,482 49,80486210,113102529nr 2014/15 8,619 632

9,648 50,07790710,35979632nr 2015/16 8,754 698

Data based on Local Marketing Year (MY). Soybeans are on a September/August MY, and Soybean

Meal and Oil are on an October/September MY.

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 28: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 22: Brazil Soybeans and Products Supply and Distribution Local Marketing Years

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

52,000 27,79619,98754,1051,12498118,448 2002/03 30,220 3,898

51,000 28,91419,25755,2623643,89821,520 2003/04 31,457 4,548

53,000 29,72822,79957,9003524,54822,917 2004/05 32,413 2,688

57,000 28,75624,77059,728402,68822,229 2005/06 31,506 3,452

59,000 31,51123,80562,5601083,45220,700 2006/07 34,261 4,494

61,000 31,89524,51565,577834,49421,300 2007/08 34,695 6,367

57,800 30,77928,04164,2911246,36721,700 2008/09 33,579 2,671

69,000 35,70029,18871,8211502,67123,500 2009/10 38,550 4,083

75,300 37,26433,78979,423404,08324,200 2010/11 40,164 5,470

66,500 36,23031,90572,2682985,47025,000 2011/12 39,130 1,233

82,000 36,43242,82683,4732401,23327,700 2012/13 39,378 1,269

86,700 38,27445,74788,5485791,26930,100 2013/14 41,274 1,527

94,500 39,21548,00096,4274001,52731,500 2014/15 42,365 6,062

97,000 39,50051,300103,5124506,06232,500 2015/16 42,700 9,512

Meal, Soybean (Local)

21,773 27,79613,54222,813337703nr 2002/03 8,292 979

22,330 28,91414,59623,536227979nr 2003/04 8,099 841

23,040 29,72814,25624,125244841nr 2004/05 9,133 736

22,280 28,75612,28723,230214736nr 2005/06 10,080 863

24,420 31,51112,34625,429146863nr 2006/07 11,520 1,563

24,720 31,89512,70926,4261431,563nr 2007/08 12,000 1,717

23,850 30,77912,15325,653861,717nr 2008/09 12,200 1,300

27,670 35,70014,14729,055851,300nr 2009/10 13,143 1,765

28,880 37,26414,45230,696511,765nr 2010/11 14,000 2,244

28,080 36,23013,85430,339152,244nr 2011/12 14,100 2,385

28,230 36,43213,61930,645302,385nr 2012/13 14,326 2,700

29,620 38,27413,72132,347272,700nr 2013/14 14,800 3,826

30,350 39,21514,80034,201253,826nr 2014/15 15,200 4,201

30,570 39,50014,90034,796254,201nr 2015/16 15,500 4,396

Oil, Soybean (Local)

5,349 27,7962,4055,58747191nr 2002/03 2,897 285

5,550 28,9142,5315,84914285nr 2003/04 2,970 348

5,705 29,7282,6976,0563348nr 2004/05 3,099 260

5,520 28,7562,3155,79818260nr 2005/06 3,211 272

6,050 31,5112,5216,38462272nr 2006/07 3,505 358

6,120 31,8952,1986,4879358nr 2007/08 4,005 284

5,910 30,7791,4966,23541284nr 2008/09 4,395 344

6,850 35,7001,6327,1962344nr 2009/10 5,060 504

7,150 37,2641,7587,6540504nr 2010/11 5,305 591

6,950 36,2301,6887,5432591nr 2011/12 5,415 440

6,980 36,4321,4107,4244440nr 2012/13 5,563 451

7,340 38,2741,3267,7910451nr 2013/14 5,970 495

7,530 39,2151,3708,0261495nr 2014/15 6,160 496

7,580 39,5001,3808,0760496nr 2015/16 6,255 441

Data based on Brazil's local February/January Marketing Year (MY).

Where February 2012 - January 2013 is the 2011/12 MY.

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 29: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 23: Argentina Soybeans and Products Supply and Distribution Local Marketing Years

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

35,500 24,8158,80936,9683771,09112,600 2002/03 26,075 2,084

33,000 25,0726,79935,8037192,08414,000 2003/04 26,472 2,532

39,000 29,56010,68642,2417092,53214,400 2004/05 31,000 555

40,500 32,7487,13242,0681,01355515,200 2005/06 34,268 668

48,800 35,96312,13351,8042,33666816,300 2006/07 37,598 2,073

46,200 31,88311,80351,2202,9472,07316,371 2007/08 33,543 5,874

32,000 28,5553,48638,0311575,87416,000 2008/09 30,275 4,270

54,500 39,19613,70158,77004,27018,600 2009/10 41,076 3,993

49,000 37,52110,38953,006133,99318,300 2010/11 39,351 3,266

40,100 30,6816,09843,36823,26617,577 2011/12 33,031 4,239

49,300 35,0097,81753,54124,23919,750 2012/13 38,209 7,515

53,500 38,4977,43361,01727,51519,400 2013/14 42,984 10,600

60,000 39,4008,00070,602210,60019,800 2014/15 44,417 18,185

57,000 42,5008,82575,187218,18520,000 2015/16 47,602 18,760

Meal, Soybean (Local)

19,667 24,81519,16220,4490782nr 2002/03 375 912

19,741 25,07219,07820,6552912nr 2003/04 492 1,085

23,350 29,56022,70324,43611,085nr 2004/05 530 1,203

25,582 32,74824,72326,78501,203nr 2005/06 535 1,527

27,857 35,96328,10829,38621,527nr 2006/07 544 734

24,839 31,88324,38925,5763734nr 2007/08 652 535

22,519 28,55521,30323,0584535nr 2008/09 750 1,005

30,493 39,19628,38431,49801,005nr 2009/10 850 2,264

29,181 37,52127,48531,44502,264nr 2010/11 1,035 2,925

23,946 30,68121,97326,87102,925nr 2011/12 1,450 3,448

27,150 35,00923,93730,59803,448nr 2012/13 1,850 4,811

29,520 38,49727,42534,33104,811nr 2013/14 2,100 4,806

30,515 39,40028,25035,32104,806nr 2014/15 2,331 4,740

32,960 42,50030,55037,70004,740nr 2015/16 2,600 4,550

Oil, Soybean (Local)

4,672 24,8154,2455,0520380nr 2002/03 389 418

4,724 25,0724,4465,1420418nr 2003/04 392 304

5,558 29,5605,0825,8620304nr 2004/05 395 385

6,169 32,7485,6676,5540385nr 2005/06 402 485

6,917 35,9636,5157,4020485nr 2006/07 675 212

6,037 31,8834,9876,2490212nr 2007/08 1,125 137

5,448 28,5553,7095,5850137nr 2008/09 1,716 160

7,460 39,1965,1807,6200160nr 2009/10 2,215 225

7,148 37,5214,2277,3730225nr 2010/11 2,755 391

5,840 30,6813,4336,26635391nr 2011/12 2,620 213

6,616 35,0094,2816,88859213nr 2012/13 2,375 232

7,190 38,4974,2967,44826232nr 2013/14 2,843 309

7,500 39,4004,6907,81910309nr 2014/15 2,800 329

8,050 42,5005,2508,38910329nr 2015/16 2,815 324

Data based on Argentina's Local April/March Marketing Year (MY).

Where April 2012 - March 2013 is the 2011/12 MY.

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 30: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 24: South East Asia Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2011/12 2012/13 2013/14 2014/15

Jun

2015/16

Jul

2015/16

none

Production none

4,249 Oilseed, Copra 4,547 4,198 4,174 4,241 4,241

11,881 Oilseed, Palm Kernel 12,816 13,632 14,145 14,926 14,926

1,142 Oilseed, Soybean 1,065 1,078 1,028 1,026 1,026

4,004 Other 3,813 3,809 3,906 3,878 3,878

21,276 Total 22,241 22,717 23,253 24,071 24,071

none

Domestic Consumption none

593 Meal, Fish 576 517 514 505 505

495 Meal, Rapeseed 479 523 578 590 590

14,004 Meal, Soybean 14,787 15,983 17,409 18,900 18,950

2,282 Other 2,534 2,649 2,965 3,090 3,092

17,374 Total 18,376 19,672 21,466 23,085 23,137

none

SME none

858 Meal, Fish 832 747 742 729 729

352 Meal, Rapeseed 341 373 411 420 420

14,004 Meal, Soybean 14,787 15,983 17,409 18,900 18,950

1,332 Other 1,420 1,459 1,602 1,642 1,643

16,546 Total 17,379 18,562 20,165 21,691 21,742

none

Imports none

146 Meal, Fish 140 155 153 153 153

496 Meal, Rapeseed 479 524 578 590 590

11,415 Meal, Soybean 12,485 13,743 14,971 16,122 16,172

332 Other 454 355 465 460 460

12,389 Total 13,558 14,777 16,167 17,325 17,375

none

Industrial Dom. Cons. none

5,366 Oil, Palm 6,216 7,398 8,605 10,230 9,780

0 Oil, Rapeseed 0 0 0 0 0

45 Oil, Soybean 34 36 39 42 42

0 Oil, Sunflowerseed 0 0 0 0 0

3,346 Other 3,605 3,869 4,143 4,248 4,238

8,757 Total 9,855 11,303 12,787 14,520 14,060

none

Food Use Dom. Cons. none

7,317 Oil, Palm 7,577 8,143 8,460 8,835 8,835

4 Oil, Rapeseed 5 6 6 7 7

506 Oil, Soybean 466 517 547 584 584

140 Oil, Sunflowerseed 110 110 146 146 146

1,378 Other 1,482 1,488 1,458 1,475 1,475

9,345 Total 9,640 10,264 10,617 11,047 11,047

none

Domestic Consumption none

13,024 Oil, Palm 14,138 15,891 17,505 19,505 19,055

4 Oil, Rapeseed 5 6 6 7 7

551 Oil, Soybean 500 553 586 626 626

140 Oil, Sunflowerseed 110 110 146 146 146

4,732 Other 5,095 5,367 5,611 5,733 5,723

18,451 Total 19,848 21,927 23,854 26,017 25,557

none

Imports none

4,125 Oil, Palm 3,067 2,908 3,150 3,120 3,120

4 Oil, Rapeseed 5 6 6 7 7

240 Oil, Soybean 226 299 310 320 320

0 Oil, Sunflowerseed 0 0 0 0 0

817 Other 606 504 485 490 475

5,186 Total 3,904 3,717 3,951 3,937 3,922

Southeast Asia includes Brunei, Burma, Cambonia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, and Vietnam.

SME - 44 Percent Protein Soybean Meal Equivalent

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 31: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 25: Middle East Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2011/12 2012/13 2013/14 2014/15

Jun

2015/16

Jul

2015/16

none

Production none

1,602 Oilseed, Cottonseed 1,330 1,106 1,223 1,068 1,068

35 Oilseed, Rapeseed 55 80 85 0 85

222 Oilseed, Soybean 246 318 332 342 287

1,029 Oilseed, Sunflowerseed 1,230 1,502 1,306 1,256 1,256

90 Other 120 140 120 120 120

2,978 Total 2,981 3,146 3,066 2,786 2,816

none

Domestic Consumption none

61 Meal, Fish 81 90 91 93 93

480 Meal, Rapeseed 417 440 555 570 600

5,750 Meal, Soybean 5,806 6,398 6,546 7,119 6,852

2,442 Other 2,156 2,394 2,370 2,409 2,419

8,733 Total 8,460 9,322 9,562 10,191 9,964

none

SME none

88 Meal, Fish 117 130 131 134 134

342 Meal, Rapeseed 297 313 395 406 427

5,750 Meal, Soybean 5,806 6,398 6,546 7,119 6,852

2,203 Other 1,952 2,185 2,156 2,198 2,208

8,383 Total 8,172 9,026 9,228 9,857 9,621

none

Imports none

62 Meal, Fish 73 85 86 88 88

116 Meal, Rapeseed 78 41 40 70 70

4,957 Meal, Soybean 4,829 5,295 4,837 5,430 5,030

1,192 Other 749 1,117 1,115 1,218 1,218

6,327 Total 5,729 6,538 6,078 6,806 6,406

none

Imports none

2,239 Oil, Palm 2,389 2,414 2,530 2,605 2,605

2 Oil, Rapeseed 2 6 5 3 3

506 Oil, Soybean 651 640 594 619 619

1,331 Oil, Sunflowerseed 1,154 1,811 1,699 1,816 1,816

45 Other 52 66 63 64 64

4,123 Total 4,248 4,937 4,891 5,107 5,107

none

Industrial Dom. Cons. none

150 Oil, Palm 160 180 200 195 205

30 Oil, Rapeseed 20 35 35 45 35

62 Oil, Soybean 66 75 119 141 141

30 Oil, Sunflowerseed 40 30 25 25 25

45 Other 47 53 51 46 46

317 Total 333 373 430 452 452

none

Food Use Dom. Cons. none

1,663 Oil, Palm 1,770 1,903 1,965 2,090 2,090

70 Oil, Rapeseed 60 90 175 145 175

797 Oil, Soybean 800 808 808 801 821

1,511 Oil, Sunflowerseed 1,616 1,851 2,123 2,108 2,128

556 Other 496 526 488 512 512

4,597 Total 4,742 5,178 5,559 5,656 5,726

none

Domestic Consumption none

1,813 Oil, Palm 1,930 2,083 2,165 2,285 2,295

100 Oil, Rapeseed 80 125 210 190 210

874 Oil, Soybean 881 928 992 997 1,027

1,566 Oil, Sunflowerseed 1,681 1,901 2,168 2,153 2,173

601 Other 543 579 539 558 558

4,954 Total 5,115 5,616 6,074 6,183 6,263

Middle East includes Bahrain, Gaza Strip, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey,

United Arab Emirates, West Banks, and Yemen.

SME - 44 Percent Protein Soybean Meal Equivalent

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 32: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 26: European Union Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2011/12 2012/13 2013/14 2014/15

Jun

2015/16

Jul

2015/16

none

Production none

19,240 Oilseed, Rapeseed 19,560 21,299 24,255 22,100 21,400

1,220 Oilseed, Soybean 948 1,209 1,689 1,980 1,980

8,455 Oilseed, Sunflowerseed 7,088 9,008 8,935 8,500 8,200

550 Other 484 480 523 466 466

29,465 Total 28,080 31,996 35,402 33,046 32,046

none

Domestic Consumption none

676 Meal, Fish 551 598 585 585 585

12,375 Meal, Rapeseed 13,122 13,750 14,200 13,900 13,800

29,670 Meal, Soybean 27,122 28,442 29,942 30,542 30,892

9,921 Other 9,592 9,634 9,514 9,563 9,488

52,642 Total 50,387 52,424 54,241 54,590 54,765

none

SME none

977 Meal, Fish 796 864 845 845 845

8,805 Meal, Rapeseed 9,336 9,783 10,103 9,890 9,819

29,670 Meal, Soybean 27,122 28,442 29,942 30,542 30,892

7,743 Other 7,483 7,746 7,731 7,778 7,706

47,194 Total 44,737 46,835 48,621 49,055 49,262

none

Imports none

466 Meal, Fish 330 373 360 350 350

244 Meal, Rapeseed 415 457 400 450 450

20,872 Meal, Soybean 16,941 18,175 19,550 20,100 20,100

6,620 Other 5,698 5,656 5,470 5,520 5,520

28,202 Total 23,384 24,661 25,780 26,420 26,420

none

Industrial Dom. Cons. none

2,310 Oil, Palm 2,905 2,925 2,750 2,700 2,700

6,750 Oil, Rapeseed 6,650 7,450 7,675 7,450 7,400

1,031 Oil, Soybean 841 910 1,000 900 900

233 Oil, Sunflowerseed 220 250 260 260 260

482 Other 470 450 410 410 410

10,806 Total 11,086 11,985 12,095 11,720 11,670

none

Food Use Dom. Cons. none

2,950 Oil, Palm 3,380 3,550 3,600 3,650 3,650

2,600 Oil, Rapeseed 2,568 2,210 2,460 2,575 2,500

1,010 Oil, Soybean 1,000 1,000 1,000 990 1,000

3,215 Oil, Sunflowerseed 3,150 3,400 3,450 3,500 3,500

2,912 Other 2,607 2,611 2,424 2,428 2,428

12,687 Total 12,705 12,771 12,934 13,143 13,078

none

Domestic Consumption none

5,523 Oil, Palm 6,560 6,775 6,650 6,650 6,650

9,361 Oil, Rapeseed 9,231 9,675 10,159 10,050 9,925

2,109 Oil, Soybean 1,908 1,980 2,070 1,960 1,970

3,453 Oil, Sunflowerseed 3,375 3,660 3,720 3,770 3,770

3,420 Other 3,105 3,081 2,849 2,853 2,853

23,866 Total 24,179 25,171 25,448 25,283 25,168

none

Imports none

5,707 Oil, Palm 6,798 6,902 6,800 6,800 6,800

607 Oil, Rapeseed 210 296 255 270 270

386 Oil, Soybean 322 325 300 200 200

992 Oil, Sunflowerseed 942 1,039 950 900 900

1,428 Other 1,657 1,296 1,386 1,317 1,317

9,120 Total 9,929 9,858 9,691 9,487 9,487

European Union includes Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France,

Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania,

Slovakia, Slovenia, Spain, Sweden, and United Kingdom.

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 33: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 27: China Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2011/12 2012/13 2013/14 2014/15

Jun

2015/16

Jul

2015/16

none

Production none

16,046 Oilseed, Peanut 16,692 16,972 16,500 16,700 16,700

13,426 Oilseed, Rapeseed 14,007 14,458 14,600 14,200 14,100

14,485 Oilseed, Soybean 13,050 12,200 12,350 11,500 11,500

2,313 Oilseed, Sunflowerseed 2,323 2,423 2,350 2,400 2,400

13,325 Other 13,720 12,835 11,757 10,580 10,580

59,595 Total 59,792 58,888 57,557 55,380 55,280

none

Domestic Consumption none

1,624 Meal, Fish 1,368 1,447 1,330 1,400 1,400

10,737 Meal, Rapeseed 10,695 11,908 11,575 11,167 11,167

47,435 Meal, Soybean 50,091 52,534 56,816 59,483 59,642

8,093 Other 8,734 8,653 8,289 8,037 8,037

67,889 Total 70,888 74,542 78,010 80,087 80,246

none

SME none

2,347 Meal, Fish 1,977 2,091 1,922 2,023 2,023

7,639 Meal, Rapeseed 7,609 8,473 8,236 7,945 7,945

47,435 Meal, Soybean 50,091 52,534 56,816 59,483 59,642

7,640 Other 8,250 8,215 7,902 7,708 7,708

65,061 Total 67,927 71,313 74,876 77,159 77,318

none

Imports none

1,249 Meal, Fish 981 1,041 900 950 950

666 Meal, Rapeseed 106 314 100 200 200

113 Meal, Soybean 16 20 50 20 20

4 Other 9 58 30 35 35

2,032 Total 1,112 1,433 1,080 1,205 1,205

none

Food Use Dom. Cons. none

3,691 Oil, Palm 4,189 3,569 3,580 3,750 3,750

2,585 Oil, Peanut 2,745 2,789 2,810 2,825 2,825

6,255 Oil, Rapeseed 6,316 7,025 7,639 7,700 7,700

12,044 Oil, Soybean 12,545 13,657 14,238 15,029 15,057

469 Oil, Sunflowerseed 838 1,012 840 858 858

1,668 Other 1,715 1,623 1,531 1,440 1,440

26,712 Total 28,348 29,675 30,638 31,602 31,630

none

Domestic Consumption none

5,841 Oil, Palm 6,389 5,669 5,480 5,750 5,750

2,585 Oil, Peanut 2,745 2,789 2,810 2,825 2,825

6,255 Oil, Rapeseed 6,316 7,025 7,639 7,700 7,700

12,044 Oil, Soybean 12,545 13,657 14,238 15,029 15,057

469 Oil, Sunflowerseed 838 1,012 840 858 858

2,144 Other 2,335 2,118 2,106 2,090 2,090

29,338 Total 31,168 32,270 33,113 34,252 34,280

none

Imports none

5,841 Oil, Palm 6,589 5,573 5,300 5,750 5,750

62 Oil, Peanut 65 74 100 95 95

1,036 Oil, Rapeseed 1,598 902 825 900 900

1,502 Oil, Soybean 1,409 1,353 900 1,300 1,300

122 Oil, Sunflowerseed 362 531 400 400 400

669 Other 770 635 725 800 800

9,232 Total 10,793 9,068 8,250 9,245 9,245

SME - 44 Percent Protein Soybean Meal Equivalent

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 34: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Table 28: India Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2011/12 2012/13 2013/14 2014/15

Jun

2015/16

Jul

2015/16

none

Production none

12,312 Oilseed, Cottonseed 12,100 12,950 12,500 12,500 12,500

5,500 Oilseed, Peanut 5,000 5,650 4,800 5,400 5,400

6,200 Oilseed, Rapeseed 6,800 7,300 7,100 7,500 7,500

11,700 Oilseed, Soybean 12,200 9,500 9,800 11,500 11,500

620 Oilseed, Sunflowerseed 700 670 500 500 500

775 Other 720 725 730 735 735

37,107 Total 37,520 36,795 35,430 38,135 38,135

none

Domestic Consumption none

3,927 Meal, Cottonseed 3,957 4,230 4,280 4,234 4,234

1,362 Meal, Peanut 1,393 1,437 1,360 1,440 1,440

2,295 Meal, Rapeseed 2,477 2,403 2,735 2,619 2,669

3,280 Meal, Soybean 3,490 4,050 4,610 5,135 5,255

293 Meal, Sunflowerseed 384 315 255 255 255

318 Other 284 303 296 308 308

11,475 Total 11,985 12,738 13,536 13,991 14,161

none

SME none

3,182 Meal, Cottonseed 3,206 3,428 3,468 3,431 3,431

1,531 Meal, Peanut 1,566 1,615 1,529 1,619 1,619

1,633 Meal, Rapeseed 1,762 1,710 1,946 1,863 1,899

3,280 Meal, Soybean 3,490 4,050 4,610 5,135 5,255

277 Meal, Sunflowerseed 363 297 241 241 241

143 Other 127 136 133 139 139

10,045 Total 10,514 11,235 11,927 12,428 12,584

none

Food Use Dom. Cons. none

1,185 Oil, Cottonseed 1,195 1,250 1,272 1,275 1,275

7,185 Oil, Palm 7,920 8,024 8,700 9,200 9,350

1,159 Oil, Peanut 1,177 1,205 1,125 1,205 1,205

2,273 Oil, Rapeseed 2,340 2,535 2,675 2,755 2,755

2,750 Oil, Soybean 2,950 3,300 3,800 4,000 4,250

1,280 Oil, Sunflowerseed 1,180 1,680 1,775 1,750 1,750

320 Other 330 335 345 345 345

16,152 Total 17,092 18,329 19,692 20,530 20,930

none

Domestic Consumption none

1,227 Oil, Cottonseed 1,238 1,295 1,317 1,320 1,320

7,485 Oil, Palm 8,250 8,384 9,100 9,700 9,850

1,169 Oil, Peanut 1,187 1,215 1,135 1,215 1,215

2,323 Oil, Rapeseed 2,400 2,605 2,755 2,845 2,845

2,750 Oil, Soybean 2,950 3,300 3,800 4,000 4,250

1,280 Oil, Sunflowerseed 1,180 1,680 1,775 1,750 1,750

610 Other 680 685 680 675 675

16,844 Total 17,885 19,164 20,562 21,505 21,905

none

Imports none

0 Oil, Cottonseed 0 0 0 0 0

7,473 Oil, Palm 8,364 7,820 9,000 9,450 9,600

0 Oil, Peanut 0 0 0 0 0

98 Oil, Rapeseed 8 160 275 350 350

1,174 Oil, Soybean 1,086 1,830 2,500 2,450 2,650

1,114 Oil, Sunflowerseed 939 1,528 1,550 1,550 1,550

148 Other 309 202 230 233 233

10,007 Total 10,706 11,540 13,555 14,033 14,383

SME - 44 Percent Protein Soybean Meal Equivalent

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 35: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Year Rapeseed CopraBeg U.S. U.S. Brz Arg Rott U.S. Rott U.S. Rott Hamb RottOct 1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/

Oct - Sep Average03/04-12/13 357 367 388 386 430 492 1364 431 472 454 633

2003/04 291 294 277 285 323 425 976 282 321 317 4242004/05 217 214 232 228 277 402 915 316 313 262 4312005/06 205 202 228 227 261 383 857 261 291 292 3872006/07 254 264 279 279 335 394 1,128 343 401 375 5372007/08 414 452 472 469 550 458 1,688 532 745 644 8672008/09 368 365 403 392 421 517 1,204 461 364 393 4872009/10 354 357 390 395 429 467 1,209 342 452 419 6132010/11 454 482 508 511 549 508 1,792 591 661 647 11882011/12 488 505 549 533 562 729 2,480 632 593 616 8292012/13 530 537 538 543 592 635 1,391 546 580 579 570

2013/14 Oct 459 467 550 530 544 573 1,370 507 468 513 663 Nov 467 472 N/A 539 553 586 1,370 459 478 509 865 Dec 478 487 502 550 568 542 1,370 414 495 512 846 Jan 474 476 492 525 566 560 1,360 448 477 496 848 Feb 485 493 502 545 590 536 1,320 505 492 525 915 Mar 503 519 518 537 N/A 551 1,300 474 524 598 926 Apr 525 547 531 530 N/A 534 1,243 492 515 573 905 May 529 549 535 531 N/A 522 1,205 531 466 535 930 Jun 525 531 527 513 N/A 441 1,228 500 449 518 934 Jul 481 472 510 483 N/A 478 1,260 487 425 437 861 Aug 456 455 506 479 N/A 487 1,260 494 401 427 770 Sep 401 381 484 438 432 474 1,308 445 403 411 785 Average 482 487 514 517 542 524 1,300 480 466 505 854

2014/15 Oct 366 343 403 424 425 463 1,342 503 419 412 769 Nov 375 373 417 457 449 472 1,370 437 443 418 795 Dec 378 377 414 459 443 463 1,360 432 464 428 813 Jan 378 365 397 447 423 496 1,350 425 438 415 764 Feb 364 361 385 442 407 492 1,350 454 438 405 794 Mar 362 356 377 402 403 496 1,300 489 433 399 721 Apr 356 353 376 368 395 487 1,300 511 426 404 714 May 353 350 374 362 389 496 1,290 582 406 427 748 *Jun N/A 353 373 364 397 N/A 1,280 N/A 420 451 748 Jul Aug Sep Average 367 359 391 414 415 483 1,327 479 432 418 763

7/ Rotterdam CIF; US Runners 40/50%, Shelled Basis, Oilworld. 8/ US Farm Price; USDA9/ Rotterdam/Amsterdam CIF; EU; Oil World 10/Hamburg CIF; Europe "00"; Oil World.

* Preliminary Oct/Nov Shipment 7/9/2015 2:29:57 PM

3/ Brazil Paranagua, FOB; IGC 4/ Argentina Up River, FOB; IGC5/ Rotterdam CIF; US origin; Oil World. 6/ US Farm Price, Inshell, USDA.

11/ Phil/Indo CIF NW Europe; Oil World

Table 29: Oilseed Prices U.S. Dollars per Metric Ton

Soybean Peanut Sunseed

1/ U.S. Farm Price; USDA. 2/ U.S. NO.1 Yellow Cash Central Illinois; AMS.

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 36: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Year FishBeg U.S. Brz Arg Hamb U.S. Rott HambOct 1 1/ 2/ 3/ 4/ 6/ 7/ 8/

Oct - Sep Average03/04-12/13 331 307 292 367 172 210 1236

2003/04 282 211 188 273 122 149 6492004/05 202 172 157 231 94 120 6652005/06 192 176 158 215 85 122 10602006/07 226 199 181 276 116 178 12202007/08 370 337 299 469 191 298 11462008/09 365 333 290 401 168 178 1,1032009/10 343 327 311 391 167 222 1,6682010/11 381 383 386 418 242 254 1,6072011/12 434 442 442 461 272 263 1,4482012/13 516 489 506 538 266 318 1,791

2013/14 Oct 489 563 534 555 260 313 1,644 Nov 497 542 520 541 272 322 1,600 Dec 549 513 543 548 306 324 1,553 Jan 529 476 517 539 313 298 1,531 Feb 561 494 543 571 314 313 1,564 Mar 546 511 532 582 299 337 1,653 Apr 567 516 519 563 295 350 1,658 May 573 522 533 547 292 343 1,651 Jun 553 500 527 531 276 321 1,765 Jul 497 463 454 477 212 298 1,806 Aug 540 461 470 485 167 282 1,773 Sep 580 442 411 456 154 281 1,723 Average 540 500 509 533 263 315 1,660

2014/15 Oct 421 411 414 440 179 263 1,770 Nov 487 434 445 460 229 289 1,836 Dec 476 436 439 453 270 290 1,852 Jan 419 402 419 431 273 284 1,790 Feb 408 378 403 412 249 268 1,715 Mar 394 365 369 392 223 258 1,630 Apr 371 349 358 380 223 255 1,539 May 353 340 354 371 212 267 1,525 *Jun 369 338 357 372 199 258 1,506 Jul Aug Sep Average 411 384 395 412 229 270 1,685

1/ Decatur, Average Wholsale 48% Protein; USDA. 2/ Brazil Paranagua, FOB; 48% Protein; IGC.3/ Argentina Pellets, Up River, FOB; IGC; 4/ Hamburg FOB 44/45% Ex-Mill; Oil World.5/ Memphis FOB; 41% Protein Solvent Extraction; USDA; 6/ Minneapolis FOB; 32% Protein; USDA.7/ HiPro a.o. cif France (Beg Sep 2013); Ukraine DAF (Beg. Aug 2012); Rotterdam CIF; Argentina Pellet 37-38% (Prior to Aug 2012); Oil World. 8/ Bremen 64-65% Protein; Oil World.9/ Hamburg FOB; Ex-Mill 34% Protein; Oil World.* Preliminary

272

285

271262262287

7/9/2015 2:29:57 PM

257263278279

272266265323

395375337299

316336335358

278295

317

353

184298195221

310

367346333342

338

RapeseedHamb

9/

226

178131129

318302

398416

382345

460455396342

414429442447

303

391380443

281244302

366

137159166280

U.S.5/

244

202

Table 30: Protein Meal Prices U.S. Dollars per Metric Ton

Soybean SunseedCottonseed

Foreign Agricultural Service/USDA July 2015Office of Global Analysis

Page 37: Tight Markets to Boost Soybean and Product Demand€¦ · 10/07/2015  · Ukraine soybean exports are increased 100,000 tons to 2.1 million on a stronger pace of trade. 2015/16 TRADE

Year Cottonseed Palm Canola Coconut CornBegin U.S. Brz Arg Rott U.S. U.S. Rott U.S. Rott Malay Rott Rott U.S.Oct 1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/ 12/ 13/

Oct - Sep Average03/04-12/13 837 834 830 925 951 1,334 1,013 1,583 1,525 740 991 950 921

2003/04 661 567 542 633 688 738 663 1,317 1,178 481 670 630 6252004/05 507 466 471 545 609 962 703 1,171 1,102 392 660 636 6142005/06 516 474 467 573 649 896 635 981 931 416 770 583 5552006/07 684 673 667 771 787 1,279 846 1,253 1,219 655 852 812 7012007/08 1,147 1,190 1,191 1,327 1,622 2,010 1,639 2,225 2,018 1,058 1,410 1,306 1,5292008/09 709 740 741 826 820 1,108 837 1,539 1,339 633 868 735 7222009/10 793 848 829 924 888 1,164 956 1,353 1,291 793 927 921 8662010/11 1,173 1,210 1,211 1,306 1,202 1,899 1,404 1,806 1,751 1,154 1,367 1,772 1,3312011/12 1,144 1,162 1,164 1,241 1,173 1,834 1,254 2,247 2,455 1,032 1,258 1,244 1,2362012/13 1,039 1,012 1,014 1,098 1,071 1,452 1,189 1,934 1,963 791 1,127 858 1,029

2013/14 Oct 878 915 908 987 908 1,334 988 1,786 1,575 795 1,011 985 834 Nov 873 924 932 996 927 1,265 998 1,735 1,543 835 1,025 1,270 855 Dec 830 884 895 989 952 1,257 982 1,662 1,493 813 1,012 1,269 845 Jan 771 841 848 943 1,038 1,257 920 1,448 1,410 796 952 1,270 855 Feb 818 878 879 985 1,274 1,257 945 1,368 1,303 846 976 1,365 905 Mar 900 922 904 1,002 1,542 1,279 964 1,302 1,221 890 1,019 1,394 952 Apr 923 909 880 999 1,653 1,301 941 1,273 1,174 858 1,018 1,356 925 May 897 880 861 966 1,857 1,301 943 1,261 1,200 828 958 1,411 904 Jun 878 880 879 936 1,837 1,268 928 1,284 1,310 793 922 1,402 882 Jul 829 861 858 888 1,613 1,345 887 1,293 1,325 782 875 1,260 860 Aug 772 804 825 857 1,350 1,389 828 1,385 1,350 701 853 1,172 838 Sep 749 751 772 851 1,094 1,389 823 1,361 1,360 694 828 1,181 775 Average 843 871 870 950 1,337 1,304 929 1,430 1,355 803 954 1,278 869

2014/15 Oct 752 764 770 836 914 1,389 874 1,322 1,365 693 836 1,150 761 Nov 737 765 772 830 898 1,361 892 1,337 1,368 693 836 1,194 749 Dec 718 772 772 820 889 1,279 877 1,326 1,370 656 814 1,217 743 Jan 713 773 784 799 991 1,389 837 1,238 1,391 652 773 1,155 769 Feb 696 725 723 773 1,076 1,447 802 1,225 1,366 662 751 1,187 797 Mar 681 676 663 748 1,015 1,445 801 1,206 1,356 629 749 1,091 832 Apr 686 670 665 749 1,062 1,444 838 1,208 1,348 610 742 1,080 866 May 720 704 701 781 1,078 1,433 904 1,205 1,345 628 766 1,133 871 *Jun 744 712 708 793 1,104 1,538 918 1,241 1,345 638 806 1,131 889 Jul Aug Sep Average 716 729 729 792 1,003 1,414 860 1,256 1,362 651 786 1,149 8091/ Decatur; Average Wholesale Tank Crude; USDA. 2/ Brazil Paranagua, FOB Crude; IGC.3/ Argentina Up River, FOB Crude; IGC 4/ Dutch FOB; Ex-Mill; Oil World. 5/ PBSY Greenwood MS; USDA. 6/ Minneapolis FOB; USDA. 7/ EU FOB NW Euro; Oil World. 8/ South East Mills FOB; Tank Cars Crude; USDA. 9/ Rotterdam CIF; Any Origin; Oil World. 10/ Malaysia FOB; RBD; Oil World. 11/ Rotterdam, Dutch FOBEx-Mill; Oilworld. 12/ Rotterdam CIF; Phil/Indo; Oil World. 13/ Chicago; Crude; AMS * Preliminary

Table 31: Vegetable Oil Prices U.S. Dollars per Metric Ton

7/9/2015 2:29:57 PM

Soybean Sunseed Peanut

Foreign Agricultural Service/USDA July 2015Office of Global Analysis


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