U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/ ============================================================================== Item 2020/2021 2021/2022 Apr May 12 Apr May 12 ============================================================================== SOYBEANS Million acres Area Planted 83.1 83.1 (NA) 87.6 * Harvested 82.3 82.3 (NA) 86.7 * Bushels Yield per harvested acre 50.2 50.2 (NA) 50.8 * Million bushels Beginning stocks 525 525 (NA) 120 Production 4,135 4,135 (NA) 4,405 Imports 35 35 (NA) 35 Supply, total 4,695 4,695 (NA) 4,560 Crushings 2,190 2,190 (NA) 2,225 Exports 2,280 2,280 (NA) 2,075 Seed 102 102 (NA) 104 Residual 4 4 (NA) 15 Use, total 4,575 4,575 (NA) 4,420 Ending stocks 120 120 (NA) 140 Avg farm prc ($/bu) 2/ 11.25 11.25 (NA) 13.85 Million pounds SOYBEAN OIL Beginning stocks 1,853 1,853 (NA) 1,818 Production 4/ 25,515 25,515 (NA) 25,945 Imports 350 350 (NA) 600 Supply, total 27,718 27,718 (NA) 28,363 Domestic Disappearance 23,500 23,600 (NA) 25,400 Biofuel 3/ 7,900 9,500 (NA) 12,000 Food,Feed & Other Industrial 15,600 14,100 (NA) 13,400 Exports 2,500 2,300 (NA) 1,450 Use, total 26,000 25,900 (NA) 26,850 Ending stocks 1,718 1,818 (NA) 1,513 Avg farm prc (c/lb) 2/ 45.00 55.00 (NA) 65.00 Thousand short tons SOYBEAN MEAL Beginning stocks 341 341 (NA) 400 Production 4/ 51,759 51,759 (NA) 52,500 Imports 600 650 (NA) 450 Supply, total 52,700 52,750 (NA) 53,350 Domestic 38,100 38,100 (NA) 38,600 Exports 14,250 14,250 (NA) 14,300 Use, total 52,350 52,350 (NA) 52,900 Ending stocks 350 400 (NA) 450 Avg farmprc($/s.t) 2/ 400.00 405.00 (NA) 400.00 ============================================================================== Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted average price received by farmers; oil, simple average of crude soybean oil, Decatur; meal, simple average of 48 percent protein, Decatur. 3/ Reflects soybean oil used for biofuels as reported by the U.S. Energy Information Administration. 4/ Based on an October year crush of 2,190 million bushels for 2020/21 and 2,225 million bushels for 2021/22. *Planted acres are reported in the March 31, 2021 Prospective Plantings report. Harvested acres are based on historical planted-to-harvested ratios. The projected yield is based on a weather-adjusted trend model and assumes normal weather. Write to Rose Ridinger at csstat@dowjones.com
(END) Dow Jones Newswires
05-12-21 1217ET