U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ============================================================================== Item 2019/2020 2020/2021 prev Oct 9 prev Oct 9 ============================================================================== 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 ============================================================================== 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