U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/
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Item 2019/2020 2020/2021
prev Oct 9 prev Oct 9
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SOYBEANS Million acres
Area
Planted 76.1 76.1 83.8 83.1
Harvested 75.0 74.9 83.0 82.3
Bushels
Yield per harvested
acre 47.4 47.4 51.9 51.9
Million bushels
Beginning stocks 909 909 575 523
Production 3,552 3,552 4,313 4,268
Imports 16 15 15 15
Supply, total 4,477 4,476 4,903 4,806
Crushings 2,170 2,165 2,180 2,180
Exports 1,680 1,676 2,125 2,200
Seed 97 96 100 100
Residual -45 16 38 36
Use, total 3,903 3,953 4,442 4,516
Ending stocks 575 523 460 290
Avg farm prc ($/bu) 2/ 8.55 8.57 9.25 9.80
Million pounds
SOYBEAN OIL
Beginning stocks 1,775 1,775 1,845 1,740
Production 4/ 24,945 24,890 25,265 25,265
Imports 325 325 350 350
Supply, total 27,045 26,990 27,460 27,355
Domestic Disappearance 22,450 22,450 23,000 23,000
Biodiesel 3/ 7,750 7,850 8,000 8,100
Food,Feed & Other
Industrial 14,700 14,600 15,000 14,900
Exports 2,750 2,800 2,600 2,600
Use, total 25,200 25,250 25,600 25,600
Ending stocks 1,845 1,740 1,860 1,755
Avg farm prc (c/lb) 2/ 29.50 29.67 32.00 32.50
Thousand short tons
SOYBEAN MEAL
Beginning stocks 402 402 400 400
Production 4/ 51,098 51,028 51,400 51,400
Imports 600 620 400 400
Supply, total 52,100 52,050 52,200 52,200
Domestic 37,900 37,750 38,300 38,300
Exports 13,800 13,900 13,500 13,500
Use, total 51,700 51,650 51,800 51,800
Ending stocks 400 400 400 400
Avg farm prc ($/s.t) 2/ 300.00 299.50 315.00 335.00
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Note: Totals may not add due to rounding. Reliability calculations at end
of report. 1/ Marketing year beginning September 1 for soybeans; October 1
for soybean oil and soybean meal. 2/ Prices: soybeans marketing year
weighted average price received by farmers; oil simple average of crude
soybean oil Decatur; meal simple average of 48 percent protein Decatur.
3/ Reflects only biodiesel made from methyl ester as reported by the U.S.
Energy Information Administration. 4/ Based on an October year crush of 2
170 million bushels for 2019/20 and 2 180 million bushels for 2020/21.
Write to Linda Rice at csstat@dowjones.com
(END) Dow Jones Newswires
10-09-20 1216ET
