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USDA Supply/Demand : U.S. Soybeans And Products - May 12

05/12/2021 | 12:18pm EDT
            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

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