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United States Department of Agriculture Foreign Agricultural Service Approved by the World Agricultural Outlook Board/USDA Circular Series FOP 05-12 May 2012 China Drives New Crop U.S. Soybean Sales Through the end of April, sales of new crop U.S. soybeans totaled a record 9 million tons or 22 percent of the full year 2012/13 export forecast. While record early season sales have not been indicative of future exports, it does highlight the growing demand for soybean imports by China and their need to ensure adequate supplies. This can be seen in trends over the past 5 years where China’s import demand has grown by 50 percent (20 million tons) while early season purchases of new crop beans through April have risen from near zero to the current 7.1 million tons. Given the expanding import demand by China, this trend toward greater forward purchasing constitutes a significant change in buying patterns. This is not to say that a tight world supply situation as we have now does not encourage early purchases of new crop beans. Given the recent crop losses in South America and tight supply situation, U.S. exports are currently forecast at record for 2012/13.

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Page 1: China Drives New Crop U.S. Soybean Salesdownloads.usda.library.cornell.edu/.../sj1392303/oilseed-trade-05-10-2012.pdfTable 02: Major Protein Meals: World Supply and Distribution (Commodity

United States Department of Agriculture Foreign Agricultural Service

Approved by the World Agricultural Outlook Board/USDA

Circular Series FOP 05-12 May 2012

China Drives New Crop U.S. Soybean Sales

Through the end of April, sales of new crop U.S. soybeans totaled a record 9 million tons or 22 percent of the full year 2012/13 export forecast. While record early season sales have not been indicative of future exports, it does highlight the growing demand for soybean imports by China and their need to ensure adequate supplies. This can be seen in trends over the past 5 years where China’s import demand has grown by 50 percent (20 million tons) while early season purchases of new crop beans through April have risen from near zero to the current 7.1 million tons. Given the expanding import demand by China, this trend toward greater forward purchasing constitutes a significant change in buying patterns. This is not to say that a tight world supply situation as we have now does not encourage early purchases of new crop beans. Given the recent crop losses in South America and tight supply situation, U.S. exports are currently forecast at record for 2012/13.

Page 2: China Drives New Crop U.S. Soybean Salesdownloads.usda.library.cornell.edu/.../sj1392303/oilseed-trade-05-10-2012.pdfTable 02: Major Protein Meals: World Supply and Distribution (Commodity

OVERVIEW Global soybean production in 2011/12 is lower due to reduced South American crops. Global trade is higher on stronger imports by China. World import demand for soybean meal and oil is marginally lower. U.S. exports are up and the season average farm price is raised to a record. For 2012/13, prevailing strong prices are expected to lead to a record global soybean production. Import demand is forecast to rise driven by China, Vietnam, Taiwan, and Indonesia. Trade for soybean meal is forecast to expand, while decline for soybean oil. U.S. soybean production and exports are forecast higher. U.S. season average farm price is projected at a new record. SOYBEAN PRICES U.S. export bids, FOB Gulf, in April averaged $550 per ton, the highest since August 2008, driven by strong foreign demand and tightening stocks. As of the week-ending April 26, U.S. soybean commitments (outstanding sales plus accumulated exports) to China totaled 21.8 million tons, compared to 25.6 million a year ago. Total commitments to the world are 34.0 million tons compared to 41.0 million for the same period last year. 2012/13 TRADE OUTLOOK

• U.S. soybean exports are forecast to reach a new record of 41.0 million tons, up 5.2 million on

expectations of stronger demand and reduced competition from South America.

• Argentina’s soybean exports are forecast higher at 10.1 million tons, up 1.7 million on an expected larger crop.

• Brazil’s soybean exports are forecast at 34.2 million tons, down 1.5 million as strong domestic

demand reduce trade volume.

• China’s soybean imports are forecast at a record 61.0 million tons, up 5.0 million to support continued strong demand for crush.

2011/12 KEY TRADE CHANGES

• U.S. soybean exports are up 680,000 tons to 35.8 million supported by a pickup in sales.

• China’s soybean imports are raised 1.0 million to 56.0 million tons reflecting stronger purchases.

• Canada’s rapeseed exports are up 300,000 tons to 8.4 million on stronger demand from China.

• EU-27 soybean meal imports are cut 500,000 tons to 21.9 million on a slower pace.

May 2012

Page 3: China Drives New Crop U.S. Soybean Salesdownloads.usda.library.cornell.edu/.../sj1392303/oilseed-trade-05-10-2012.pdfTable 02: Major Protein Meals: World Supply and Distribution (Commodity

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

Million Metric Tons

2007/08 2008/09 2009/10 2010/11 2011/12

May

2012/13

none

Production none

5.72 Oilseed, Copra 5.88 5.88 6.02 5.54 5.66

45.70 Oilseed, Cottonseed 41.08 38.91 43.50 46.61 44.49

11.02 Oilseed, Palm Kernel 11.75 12.22 12.55 13.28 13.79

32.81 Oilseed, Peanut 35.06 33.72 35.88 35.46 36.76

48.50 Oilseed, Rapeseed 57.81 60.96 60.55 60.41 60.43

219.56 Oilseed, Soybean 211.64 261.09 264.69 236.87 271.42

27.44 Oilseed, Sunflowerseed 33.49 32.19 33.29 39.10 38.93

390.74 Total 396.70 444.97 456.47 437.26 471.48

none

Imports none

0.11 Oilseed, Copra 0.11 0.10 0.14 0.13 0.13

0.76 Oilseed, Cottonseed 0.53 0.57 0.86 0.79 0.77

0.14 Oilseed, Palm Kernel 0.07 0.04 0.04 0.04 0.04

2.03 Oilseed, Peanut 1.88 1.97 2.22 2.19 2.15

7.54 Oilseed, Rapeseed 12.12 10.73 10.40 11.48 11.68

78.34 Oilseed, Soybean 77.39 86.83 88.85 89.42 95.82

1.25 Oilseed, Sunflowerseed 1.85 1.48 1.59 1.99 2.03

90.16 Total 93.95 101.71 104.08 106.04 112.62

none

Exports none

0.13 Oilseed, Copra 0.13 0.12 0.12 0.11 0.11

0.82 Oilseed, Cottonseed 0.56 0.59 0.97 0.92 1.04

0.04 Oilseed, Palm Kernel 0.02 0.02 0.02 0.02 0.02

2.44 Oilseed, Peanut 2.44 2.42 2.85 2.53 2.62

8.15 Oilseed, Rapeseed 12.05 10.79 10.84 12.00 11.99

78.43 Oilseed, Soybean 76.89 92.86 92.64 89.01 97.26

1.48 Oilseed, Sunflowerseed 2.14 1.56 1.80 1.92 2.06

91.47 Total 94.23 108.35 109.23 106.52 115.10

none

Crush none

5.66 Oilseed, Copra 5.64 5.81 6.09 5.61 5.66

34.27 Oilseed, Cottonseed 31.74 30.50 32.69 34.98 34.73

11.09 Oilseed, Palm Kernel 11.53 12.30 12.41 13.08 13.68

15.24 Oilseed, Peanut 15.81 14.80 15.88 16.45 16.73

46.62 Oilseed, Rapeseed 52.07 56.67 59.49 59.65 59.06

202.22 Oilseed, Soybean 193.21 209.52 221.17 224.11 234.22

24.66 Oilseed, Sunflowerseed 29.21 29.58 29.69 34.41 35.31

339.75 Total 339.20 359.17 377.43 388.29 399.38

none

Ending Stocks none

0.11 Oilseed, Copra 0.29 0.31 0.24 0.16 0.16

1.21 Oilseed, Cottonseed 0.88 0.66 1.15 1.44 0.93

0.15 Oilseed, Palm Kernel 0.32 0.15 0.19 0.29 0.29

1.16 Oilseed, Peanut 1.62 1.42 1.44 0.84 1.05

3.98 Oilseed, Rapeseed 7.00 8.30 6.50 4.20 2.86

52.12 Oilseed, Soybean 43.35 60.54 70.10 53.24 58.07

3.00 Oilseed, Sunflowerseed 3.19 2.00 1.79 2.60 2.26

61.73 Total 56.66 73.38 81.41 62.76 65.63

Totals may not add due to rounding

May 2012

Page 4: China Drives New Crop U.S. Soybean Salesdownloads.usda.library.cornell.edu/.../sj1392303/oilseed-trade-05-10-2012.pdfTable 02: Major Protein Meals: World Supply and Distribution (Commodity

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

Million Metric Tons

2007/08 2008/09 2009/10 2010/11 2011/12

May

2012/13

none

Production none

1.87 Meal, Copra 1.87 1.92 2.02 1.86 1.88

15.61 Meal, Cottonseed 14.32 13.88 14.90 15.96 15.84

5.24 Meal, Fish 5.10 4.32 4.55 4.70 4.73

5.92 Meal, Palm Kernel 6.12 6.53 6.63 6.97 7.27

5.98 Meal, Peanut 6.21 5.79 6.22 6.45 6.58

27.56 Meal, Rapeseed 30.77 33.56 35.16 35.33 34.92

158.68 Meal, Soybean 151.80 165.20 174.53 177.50 184.99

10.71 Meal, Sunflowerseed 12.75 12.96 13.03 15.04 15.39

231.57 Total 228.94 244.14 257.04 263.82 271.60

none

Imports none

0.72 Meal, Copra 0.64 0.80 0.55 0.66 0.68

0.43 Meal, Cottonseed 0.38 0.37 0.50 0.39 0.38

3.01 Meal, Fish 3.11 2.63 2.70 2.96 2.98

4.21 Meal, Palm Kernel 4.10 4.30 4.56 4.76 4.86

0.14 Meal, Peanut 0.06 0.11 0.12 0.06 0.07

3.55 Meal, Rapeseed 3.58 3.63 4.99 5.42 5.30

54.96 Meal, Soybean 51.64 53.38 56.35 57.76 58.61

2.79 Meal, Sunflowerseed 3.91 3.49 3.87 4.50 4.85

69.80 Total 67.43 68.70 73.64 76.50 77.73

none

Exports none

0.85 Meal, Copra 0.52 1.07 0.59 0.59 0.58

0.43 Meal, Cottonseed 0.40 0.37 0.39 0.38 0.38

2.85 Meal, Fish 2.95 2.27 2.48 2.62 2.65

4.81 Meal, Palm Kernel 4.65 4.95 5.23 5.35 5.50

0.18 Meal, Peanut 0.09 0.12 0.15 0.10 0.11

3.69 Meal, Rapeseed 3.61 3.61 5.20 5.37 5.22

56.06 Meal, Soybean 52.85 55.62 58.72 60.15 60.43

3.29 Meal, Sunflowerseed 4.30 4.12 4.58 5.44 5.53

72.16 Total 69.36 72.13 77.34 80.00 80.39

none

Domestic Consumption none

1.68 Meal, Copra 1.84 1.93 1.90 1.92 1.95

15.67 Meal, Cottonseed 14.35 13.82 15.02 15.97 15.83

5.42 Meal, Fish 5.33 4.70 4.78 5.04 5.07

5.54 Meal, Palm Kernel 5.52 5.78 6.05 6.41 6.60

5.94 Meal, Peanut 6.12 5.79 6.20 6.42 6.54

27.40 Meal, Rapeseed 30.78 33.47 34.90 35.43 35.09

157.07 Meal, Soybean 152.71 161.32 170.21 175.96 182.35

10.17 Meal, Sunflowerseed 12.06 12.33 12.28 13.73 14.88

228.88 Total 228.72 239.15 251.33 260.87 268.30

none

Ending Stocks none

0.19 Meal, Copra 0.33 0.05 0.13 0.14 0.18

0.15 Meal, Cottonseed 0.11 0.16 0.16 0.15 0.16

0.31 Meal, Fish 0.24 0.21 0.20 0.20 0.20

0.17 Meal, Palm Kernel 0.22 0.31 0.22 0.20 0.23

0.02 Meal, Peanut 0.07 0.06 0.04 0.04 0.04

0.27 Meal, Rapeseed 0.24 0.35 0.40 0.34 0.26

6.87 Meal, Soybean 4.77 6.40 8.34 7.50 8.32

0.23 Meal, Sunflowerseed 0.53 0.53 0.57 0.96 0.79

8.22 Total 6.50 8.06 10.08 9.53 10.17

Totals may not add due to rounding

May 2012

Page 5: China Drives New Crop U.S. Soybean Salesdownloads.usda.library.cornell.edu/.../sj1392303/oilseed-trade-05-10-2012.pdfTable 02: Major Protein Meals: World Supply and Distribution (Commodity

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

Million Metric Tons

2007/08 2008/09 2009/10 2010/11 2011/12

May

2012/13

none

Production none

3.54 Oil, Coconut 3.54 3.63 3.83 3.56 3.52

5.20 Oil, Cottonseed 4.78 4.63 4.99 5.33 5.30

2.81 Oil, Olive 2.78 3.05 3.04 3.10 3.09

41.03 Oil, Palm 44.02 45.87 47.95 50.67 52.77

4.94 Oil, Palm Kernel 5.17 5.50 5.56 5.84 6.09

4.90 Oil, Peanut 5.08 4.74 5.10 5.27 5.37

18.49 Oil, Rapeseed 20.56 22.44 23.59 23.60 23.35

37.73 Oil, Soybean 35.90 38.88 41.24 41.95 43.65

10.14 Oil, Sunflowerseed 11.95 12.11 12.21 14.15 14.50

128.78 Total 133.78 140.84 147.50 153.47 157.64

none

Imports none

1.90 Oil, Coconut 1.66 2.29 1.78 1.79 1.82

0.08 Oil, Cottonseed 0.06 0.07 0.05 0.07 0.06

0.58 Oil, Olive 0.57 0.54 0.58 0.60 0.64

30.46 Oil, Palm 34.06 35.32 35.91 38.07 39.43

2.10 Oil, Palm Kernel 2.35 2.40 2.42 2.60 2.75

0.15 Oil, Peanut 0.14 0.19 0.20 0.17 0.19

2.02 Oil, Rapeseed 2.43 2.91 3.30 3.63 3.58

10.38 Oil, Soybean 9.08 8.62 9.27 7.99 7.83

2.73 Oil, Sunflowerseed 4.01 3.71 3.63 5.00 5.79

50.40 Total 54.37 56.04 57.13 59.94 62.11

none

Exports none

1.93 Oil, Coconut 1.48 2.17 1.72 1.73 1.76

0.16 Oil, Cottonseed 0.15 0.10 0.13 0.19 0.13

0.68 Oil, Olive 0.65 0.70 0.78 0.73 0.78

32.32 Oil, Palm 34.93 35.75 36.76 38.86 40.43

2.32 Oil, Palm Kernel 2.61 2.72 2.91 3.01 3.13

0.16 Oil, Peanut 0.20 0.19 0.17 0.18 0.21

1.90 Oil, Rapeseed 2.43 2.74 3.47 3.70 3.64

10.85 Oil, Soybean 9.15 9.14 9.57 8.25 8.17

3.53 Oil, Sunflowerseed 4.55 4.49 4.62 5.95 6.52

53.85 Total 56.15 58.00 60.13 62.60 64.76

none

Domestic Consumption none

3.45 Oil, Coconut 3.35 3.97 3.81 3.73 3.76

5.13 Oil, Cottonseed 4.78 4.64 4.80 5.21 5.28

2.85 Oil, Olive 2.92 2.95 2.99 3.02 3.04

39.76 Oil, Palm 42.71 44.91 47.15 49.83 51.64

4.57 Oil, Palm Kernel 4.90 5.03 5.27 5.65 5.74

4.81 Oil, Peanut 4.94 4.88 5.11 5.27 5.37

18.30 Oil, Rapeseed 20.25 22.52 23.40 23.35 23.60

37.66 Oil, Soybean 36.19 38.24 40.91 42.26 43.76

9.24 Oil, Sunflowerseed 10.63 11.46 11.40 12.69 13.65

125.76 Total 130.66 138.58 144.84 151.01 155.84

none

Ending Stocks none

0.43 Oil, Coconut 0.79 0.57 0.66 0.55 0.38

0.30 Oil, Cottonseed 0.21 0.16 0.27 0.28 0.22

0.88 Oil, Olive 0.66 0.60 0.44 0.39 0.31

4.38 Oil, Palm 4.82 5.35 5.30 5.34 5.47

0.66 Oil, Palm Kernel 0.67 0.83 0.64 0.43 0.40

0.16 Oil, Peanut 0.25 0.10 0.11 0.11 0.09

0.83 Oil, Rapeseed 1.15 1.24 1.26 1.44 1.13

3.49 Oil, Soybean 3.14 3.27 3.29 2.72 2.28

0.94 Oil, Sunflowerseed 1.72 1.59 1.41 1.92 2.05

12.06 Total 13.41 13.71 13.37 13.16 12.32

Totals may not add due to rounding

May 2012

Page 6: China Drives New Crop U.S. Soybean Salesdownloads.usda.library.cornell.edu/.../sj1392303/oilseed-trade-05-10-2012.pdfTable 02: Major Protein Meals: World Supply and Distribution (Commodity

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

Million Metric Tons

2007/08 2008/09 2009/10 2010/11 2011/12

May

2012/13

Production none

82.45 United States 89.20 98.90 100.38 91.32 96.97

64.25 Brazil 60.31 71.42 79.23 68.85 81.50

51.89 Argentina 35.51 57.94 54.06 47.31 60.61

52.75 China 58.12 57.84 58.10 57.78 56.20

33.95 India 33.40 32.37 34.77 35.52 35.74

105.45 Other 120.17 126.49 129.94 136.49 140.46

390.74 Total 396.70 444.97 456.47 437.26 471.48

Imports none

38.64 China 44.14 52.54 53.66 58.07 63.42

17.03 EU-27 18.03 15.90 16.25 15.18 15.23

6.52 Japan 5.74 5.91 5.47 5.30 5.37

5.32 Mexico 4.72 5.20 5.36 5.21 5.31

2.16 Taiwan 2.22 2.47 2.46 2.26 2.46

1.40 Indonesia 1.63 1.90 2.19 2.28 2.41

2.20 Turkey 1.75 2.59 2.34 1.96 2.11

1.82 Thailand 1.56 1.73 2.20 2.05 2.07

1.08 Egypt 1.60 1.68 1.71 1.87 1.89

0.12 Vietnam 0.19 0.24 1.03 1.06 1.39

13.88 Other 12.36 11.55 11.41 10.82 10.97

90.16 Total 93.95 101.71 104.08 106.04 112.62

Exports none

33.05 United States 35.69 41.69 41.83 36.40 41.71

25.44 Brazil 30.14 28.65 30.07 35.82 34.29

7.67 Canada 10.00 9.47 10.16 11.14 11.15

14.40 Argentina 6.31 13.82 10.01 9.36 11.08

4.39 Paraguay 2.33 5.69 6.75 3.15 5.14

1.17 Ukraine 3.68 2.41 2.85 2.56 3.05

0.50 Australia 1.21 1.37 2.17 2.71 2.96

4.86 Other 4.86 5.26 5.39 5.38 5.72

91.47 Total 94.23 108.35 109.23 106.52 115.10

Crush none

68.47 China 73.12 81.41 87.41 93.60 97.34

53.50 United States 49.34 51.49 49.34 48.88 49.63

39.31 Argentina 35.01 37.35 41.84 41.45 44.13

34.70 Brazil 34.09 35.95 38.94 39.16 39.98

38.05 EU-27 39.51 41.62 41.02 40.06 39.46

27.79 India 26.13 25.25 29.41 29.36 29.58

6.71 Russia 8.30 8.69 7.83 11.34 10.91

4.86 Ukraine 6.96 7.87 8.60 9.64 10.27

6.34 Indonesia 6.70 7.57 7.68 8.05 8.64

5.53 Canada 5.57 6.08 7.76 8.05 8.35

4.65 Pakistan 4.79 5.33 5.44 5.82 5.99

5.64 Mexico 5.10 5.48 5.74 5.78 5.89

4.99 Malaysia 4.91 4.97 4.97 5.14 5.25

5.18 Japan 4.71 4.84 4.53 4.28 4.23

2.99 Turkey 2.58 2.76 2.99 3.08 3.17

31.07 Other 32.41 32.51 33.96 34.61 36.57

339.75 Total 339.20 359.17 377.43 388.29 399.38

Ending Stocks none

23.56 Argentina 17.42 22.54 23.08 17.91 21.60

19.32 Brazil 12.42 16.36 23.08 13.38 17.12

2.75 China 8.95 15.37 16.16 14.35 13.46

6.91 United States 5.62 5.55 7.31 6.71 5.15

1.96 EU-27 3.13 2.79 2.71 2.43 1.55

7.24 Other 9.12 10.77 9.07 7.99 6.75

61.73 Total 56.66 73.38 81.41 62.76 65.63

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

May 2012

Page 7: China Drives New Crop U.S. Soybean Salesdownloads.usda.library.cornell.edu/.../sj1392303/oilseed-trade-05-10-2012.pdfTable 02: Major Protein Meals: World Supply and Distribution (Commodity

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

Million Metric Tons

2007/08 2008/09 2009/10 2010/11 2011/12

May

2012/13

Production none

46.09 China 49.13 55.67 60.43 64.81 67.90

40.87 United States 37.72 40.08 38.09 38.42 38.34

29.06 Argentina 25.97 28.05 31.18 30.94 32.96

26.15 Brazil 25.78 27.22 29.32 29.45 30.08

25.35 EU-27 25.75 26.91 26.50 25.68 25.29

64.05 Other 64.59 66.23 71.53 74.53 77.05

231.57 Total 228.94 244.14 257.04 263.82 271.60

Imports none

28.92 EU-27 26.75 25.29 26.85 27.41 27.53

2.63 Indonesia 2.56 2.66 3.31 3.31 3.47

3.33 Korea, South 3.18 3.32 3.08 3.26 3.27

2.29 Thailand 2.59 2.93 2.75 2.97 3.16

1.98 United States 1.81 1.34 2.24 3.17 3.14

2.53 Vietnam 2.85 3.19 2.79 2.85 2.81

2.11 Japan 2.23 2.51 2.49 2.58 2.61

26.01 Other 25.46 27.46 30.13 30.96 31.74

69.80 Total 67.43 68.70 73.64 76.50 77.73

Exports none

27.90 Argentina 24.75 25.55 28.40 29.94 30.60

12.15 Brazil 13.11 12.99 13.99 14.30 13.86

8.71 United States 7.94 10.31 8.51 8.49 7.86

6.60 India 4.63 3.98 6.02 5.53 5.17

1.99 Canada 1.95 2.06 3.21 3.33 3.49

2.87 Indonesia 2.68 2.87 3.14 3.28 3.44

1.30 Ukraine 2.27 2.52 2.93 3.18 3.35

10.65 Other 12.03 11.85 11.14 11.95 12.62

72.16 Total 69.36 72.13 77.34 80.00 80.39

Domestic Consumption none

47.26 China 49.56 56.43 62.88 66.54 69.58

52.93 EU-27 52.22 51.36 51.93 51.90 51.94

34.20 United States 31.68 31.02 31.78 33.14 33.62

13.51 Brazil 13.50 14.10 14.97 15.47 15.95

9.49 India 10.33 10.64 11.53 11.97 12.50

5.58 Mexico 5.35 5.44 5.72 5.75 5.86

5.90 Japan 5.79 5.87 5.75 5.73 5.62

4.16 Thailand 4.25 4.66 4.74 4.94 5.18

3.24 Russia 3.38 3.72 4.02 4.45 4.61

2.97 Indonesia 3.10 3.29 3.64 3.84 4.09

49.65 Other 49.57 52.63 54.37 57.15 59.36

228.88 Total 228.72 239.15 251.33 260.87 268.30

SME none

45.35 China 47.31 53.61 60.10 63.73 66.89

48.55 EU-27 47.25 46.39 46.81 46.85 46.90

33.43 United States 30.98 30.47 30.92 32.02 32.47

13.29 Brazil 13.30 13.89 14.69 15.18 15.65

8.31 India 9.01 9.23 10.03 10.49 11.00

5.25 Mexico 5.04 5.08 5.35 5.37 5.48

5.79 Japan 5.66 5.75 5.60 5.60 5.48

56.12 Other 56.46 59.80 62.17 65.47 68.21

216.10 Total 215.01 224.21 235.68 244.71 252.09

Ending Stocks none

1.19 Argentina 0.92 1.84 2.96 2.21 2.72

2.60 Brazil 1.86 2.08 2.50 2.22 2.55

0.11 Indonesia 0.11 0.24 0.54 0.69 0.88

1.60 EU-27 0.93 0.80 1.00 1.02 0.83

0.33 United States 0.25 0.34 0.38 0.34 0.34

2.38 Other 2.45 2.76 2.70 3.05 2.87

8.22 Total 6.50 8.06 10.08 9.53 10.17

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

May 2012

Page 8: China Drives New Crop U.S. Soybean Salesdownloads.usda.library.cornell.edu/.../sj1392303/oilseed-trade-05-10-2012.pdfTable 02: Major Protein Meals: World Supply and Distribution (Commodity

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

Million Metric Tons

2007/08 2008/09 2009/10 2010/11 2011/12

May

2012/13

Production none

21.04 Indonesia 23.69 25.59 27.27 29.25 31.06

19.73 Malaysia 19.43 19.94 20.38 20.96 21.30

14.69 China 16.11 17.88 19.02 20.36 20.97

14.49 EU-27 15.48 16.71 16.42 16.35 16.06

10.55 United States 9.67 10.07 9.80 9.79 9.89

8.49 Argentina 7.37 7.72 8.83 8.69 9.27

6.85 Brazil 6.78 7.14 7.71 7.76 7.92

32.94 Other 35.26 35.80 38.06 40.31 41.17

128.78 Total 133.78 140.84 147.50 153.47 157.64

Imports none

5.91 India 8.79 9.08 8.58 9.21 9.78

9.03 EU-27 9.26 8.92 8.15 9.17 9.53

8.76 China 9.77 9.00 8.39 9.04 9.53

3.11 United States 3.23 3.34 3.61 3.99 3.98

1.25 Malaysia 1.61 1.98 2.44 2.40 2.38

1.72 Pakistan 1.96 2.21 2.16 2.20 2.29

1.25 Egypt 1.75 1.90 2.24 2.22 2.26

1.13 Bangladesh 0.96 1.31 1.38 1.41 1.45

1.27 Iran 1.19 0.97 1.45 1.09 1.13

0.85 Turkey 0.83 0.62 0.86 1.01 1.08

16.13 Other 15.01 16.73 17.87 18.21 18.71

50.40 Total 54.37 56.04 57.13 59.94 62.11

Exports none

16.07 Indonesia 18.09 18.72 18.46 20.04 21.23

15.57 Malaysia 16.53 16.69 17.75 18.18 18.44

7.05 Argentina 5.65 5.10 5.58 5.36 5.22

1.35 Ukraine 2.16 2.69 2.70 2.96 3.58

1.36 Canada 1.57 1.86 2.49 2.49 2.61

2.44 Brazil 1.97 1.49 1.75 1.63 1.50

1.15 EU-27 1.24 1.32 1.62 1.56 1.39

8.86 Other 8.93 10.13 9.79 10.37 10.81

53.85 Total 56.15 58.00 60.13 62.60 64.76

Domestic Consumption none

23.34 China 24.74 26.91 27.69 29.00 30.30

22.26 EU-27 23.24 24.42 24.07 23.99 24.00

12.99 India 14.51 15.26 16.02 16.83 17.64

12.25 United States 11.17 11.20 11.93 12.79 13.06

5.54 Indonesia 6.14 6.72 7.94 9.08 9.79

4.85 Brazil 5.23 6.07 6.41 6.70 6.94

4.95 Malaysia 4.93 5.14 5.17 5.24 5.18

1.49 Argentina 1.89 2.40 3.02 3.53 4.08

2.86 Pakistan 3.05 3.30 3.48 3.49 3.63

3.12 Russia 3.03 3.10 3.13 3.20 3.25

1.50 Egypt 1.73 1.83 2.24 2.33 2.41

2.01 Mexico 1.95 2.07 2.16 2.23 2.29

2.30 Japan 2.24 2.23 2.20 2.17 2.17

1.79 Nigeria 1.80 1.83 1.85 1.86 1.87

1.72 Turkey 1.68 1.66 1.74 1.79 1.85

22.80 Other 23.32 24.44 25.80 26.77 27.37

125.76 Total 130.66 138.58 144.84 151.01 155.84

Ending Stocks none

2.53 Malaysia 2.11 2.20 2.11 2.05 2.11

0.79 Indonesia 0.27 0.50 1.42 1.60 1.69

1.46 United States 1.74 1.99 1.61 1.58 1.42

2.16 EU-27 2.42 2.31 1.19 1.16 1.36

0.23 China 1.27 1.13 0.78 1.10 1.23

4.89 Other 5.60 5.58 6.27 5.66 4.51

12.06 Total 13.41 13.71 13.37 13.16 12.32

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

May 2012

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Table 07: Soybeans: World Supply and Distribution

Thousand Metric Tons

2007/08 2008/09 2009/10 2010/11 2011/12

May

2012/13

Production none

72,859 United States 80,749 91,417 90,605 83,172 87,226

61,000 Brazil 57,800 69,000 75,500 65,000 78,000

46,200 Argentina 32,000 54,500 49,000 42,500 55,000

13,400 China 15,540 14,980 15,100 13,500 13,100

9,470 India 9,100 9,700 9,800 11,000 11,400

5,969 Paraguay 3,647 7,377 8,373 4,000 7,800

2,696 Canada 3,336 3,507 4,345 4,246 4,300

7,961 Other 9,464 10,605 11,968 13,451 14,595

219,555 Total 211,636 261,086 264,691 236,869 271,421

Imports none

37,816 China 41,098 50,338 52,339 56,000 61,000

15,127 EU-27 13,213 12,674 12,482 11,000 11,000

3,614 Mexico 3,327 3,523 3,498 3,400 3,500

4,014 Japan 3,396 3,401 2,917 2,700 2,800

2,148 Taiwan 2,216 2,469 2,454 2,250 2,450

1,147 Indonesia 1,393 1,620 1,898 1,980 2,100

1,753 Thailand 1,510 1,660 2,139 1,975 2,000

1,061 Egypt 1,575 1,638 1,644 1,600 1,675

120 Vietnam 184 231 924 1,050 1,380

1,339 Turkey 1,076 1,648 1,351 1,100 1,200

10,197 Other 8,403 7,632 7,201 6,365 6,710

78,336 Total 77,391 86,834 88,847 89,420 95,815

Exports none

31,538 United States 34,817 40,798 40,859 35,788 40,959

25,364 Brazil 29,987 28,578 29,951 35,700 34,200

13,839 Argentina 5,590 13,088 9,205 8,450 10,100

4,239 Paraguay 2,283 5,655 6,700 3,100 5,100

1,753 Canada 2,017 2,247 2,906 2,700 2,700

1,696 Other 2,200 2,497 3,019 3,274 4,197

78,429 Total 76,894 92,863 92,640 89,012 97,256

Crush none

39,518 China 41,035 48,830 55,000 59,100 63,400

49,081 United States 45,230 47,673 44,851 44,769 45,041

34,607 Argentina 31,243 34,127 37,613 37,500 39,800

32,117 Brazil 31,868 33,700 35,933 36,000 36,800

14,870 EU-27 12,860 12,510 12,265 11,300 11,080

8,400 India 7,200 7,500 9,400 9,600 9,900

3,650 Mexico 3,465 3,600 3,625 3,550 3,665

1,051 Russia 1,497 1,950 2,170 2,400 2,560

1,390 Paraguay 1,500 1,500 1,450 1,250 2,500

1,160 Bolivia 1,435 1,520 1,985 2,070 2,180

1,965 Taiwan 1,917 2,150 2,150 2,010 2,160

2,919 Japan 2,497 2,535 2,149 1,900 1,900

1,514 Thailand 1,390 1,520 1,820 1,775 1,800

1,129 Egypt 1,545 1,635 1,644 1,600 1,665

1,383 Canada 1,286 1,292 1,448 1,400 1,500

7,463 Other 7,239 7,477 7,670 7,881 8,269

202,217 Total 193,207 209,519 221,173 224,105 234,220

Ending Stocks none

21,760 Argentina 16,588 22,277 22,872 17,822 21,282

19,102 Brazil 12,291 16,287 22,940 13,175 17,015

2,752 China 7,555 13,259 14,558 13,758 13,140

5,580 United States 3,761 4,106 5,851 5,721 3,940

707 EU-27 451 543 555 329 319

2,218 Other 2,708 4,069 3,322 2,431 2,376

52,119 Total 43,354 60,541 70,098 53,236 58,072

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 and Turkey is on an March/February MY.

May 2012

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Table 08: Soybean Meal: World Supply and Distribution

Thousand Metric Tons

2007/08 2008/09 2009/10 2010/11 2011/12

May

2012/13

Production none

31,280 China 32,475 38,644 43,560 46,807 50,213

38,359 United States 35,473 37,836 35,608 36,060 35,774

27,071 Argentina 24,363 26,624 29,311 29,200 31,045

24,890 Brazil 24,700 26,120 27,850 27,900 28,520

11,715 EU-27 10,131 9,880 9,675 8,903 8,732

6,705 India 5,746 5,985 7,660 7,820 7,980

2,875 Mexico 2,730 2,835 2,857 2,795 2,887

15,786 Other 16,184 17,273 18,010 18,018 19,843

158,681 Total 151,802 165,197 174,531 177,503 184,994

Imports none

24,449 EU-27 20,993 20,728 21,710 21,900 21,900

2,429 Indonesia 2,339 2,507 3,069 3,050 3,200

1,935 Thailand 2,160 2,513 2,318 2,500 2,675

2,296 Vietnam 2,526 2,879 2,545 2,600 2,540

1,747 Japan 1,812 2,106 2,208 2,250 2,250

1,627 Philippines 1,577 1,600 1,890 1,939 1,950

900 Iran 1,311 1,524 1,742 1,825 1,750

1,761 Korea, South 1,813 1,737 1,658 1,640 1,700

1,401 Mexico 1,518 1,209 1,500 1,525 1,550

1,063 Venezuela 901 1,064 983 1,170 1,185

15,350 Other 14,694 15,509 16,727 17,360 17,910

54,958 Total 51,644 53,376 56,350 57,759 58,610

Exports none

26,816 Argentina 24,025 24,914 27,615 29,165 29,775

12,138 Brazil 13,109 12,985 13,987 14,300 13,855

8,384 United States 7,708 10,124 8,259 8,255 7,620

5,285 India 3,808 3,147 4,635 4,400 4,227

1,072 Paraguay 1,076 1,124 1,072 900 1,840

2,367 Other 3,119 3,327 3,153 3,132 3,116

56,062 Total 52,845 55,621 58,721 60,152 60,433

Domestic Consumption none

30,849 China 31,673 37,546 43,382 46,457 49,863

35,169 EU-27 31,579 30,138 30,722 30,454 30,200

30,148 United States 27,898 27,796 27,467 28,032 28,304

12,257 Brazil 12,418 13,000 13,500 13,940 14,400

4,300 Mexico 4,220 4,095 4,325 4,325 4,430

3,250 Thailand 3,200 3,663 3,725 3,875 4,100

1,450 India 1,975 2,706 3,000 3,380 3,800

3,955 Japan 3,840 3,900 3,844 3,795 3,677

2,296 Vietnam 2,480 2,850 3,019 3,237 3,550

2,370 Indonesia 2,383 2,527 2,734 2,890 3,050

1,837 Iran 2,236 2,467 2,550 2,550 2,550

1,560 Russia 1,646 1,874 2,181 2,210 2,350

2,514 Korea, South 2,459 2,420 2,336 2,270 2,334

2,485 Canada 2,185 2,000 2,005 2,035 2,100

1,060 Egypt 1,450 1,685 1,925 1,980 2,080

21,570 Other 21,065 22,657 23,499 24,525 25,559

157,070 Total 152,707 161,324 170,214 175,955 182,347

Ending Stocks none

1,073 Argentina 765 1,786 2,763 2,068 2,573

2,588 Brazil 1,844 2,065 2,486 2,196 2,511

109 Indonesia 65 45 380 540 690

1,418 EU-27 498 495 552 401 383

266 United States 213 274 318 272 272

1,420 Other 1,383 1,731 1,843 2,020 1,892

6,874 Total 4,768 6,396 8,342 7,497 8,321

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.

May 2012

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Table 09: Soybean Oil: World Supply and Distribution

Thousand Metric Tons

2007/08 2008/09 2009/10 2010/11 2011/12

May

2012/13

Production none

7,045 China 7,325 8,726 9,840 10,579 11,349

9,335 United States 8,503 8,897 8,567 8,643 8,580

6,627 Argentina 5,914 6,476 7,181 7,165 7,600

6,160 Brazil 6,120 6,470 6,900 6,910 7,060

2,710 EU-27 2,350 2,280 2,236 2,065 2,024

1,499 India 1,287 1,340 1,680 1,720 1,770

650 Mexico 620 640 640 632 653

3,703 Other 3,784 4,049 4,193 4,232 4,617

37,729 Total 35,903 38,878 41,237 41,946 43,653

Imports none

2,727 China 2,494 1,514 1,319 1,200 1,300

733 India 1,060 1,598 945 800 770

1,036 EU-27 794 550 907 530 500

383 Algeria 365 402 516 490 460

421 Morocco 350 379 397 385 390

545 Iran 376 275 704 418 375

401 Bangladesh 254 349 376 425 370

400 Venezuela 388 302 366 335 350

292 Peru 272 352 315 315 325

296 Korea, South 266 318 300 310 320

3,141 Other 2,465 2,582 3,121 2,781 2,672

10,375 Total 9,084 8,621 9,266 7,989 7,832

Exports none

5,789 Argentina 4,704 4,453 4,561 4,295 4,085

2,388 Brazil 1,909 1,449 1,668 1,575 1,435

1,320 United States 995 1,524 1,466 544 567

260 Paraguay 229 243 242 180 445

334 EU-27 399 387 456 400 350

143 Bolivia 218 230 300 320 335

10 Russia 127 170 136 160 180

610 Other 570 680 739 773 768

10,854 Total 9,151 9,136 9,568 8,247 8,165

Domestic Consumption none

9,693 China 9,486 10,435 11,109 11,676 12,511

8,317 United States 7,378 7,173 7,618 8,120 8,255

3,955 Brazil 4,275 5,010 5,270 5,445 5,625

1,026 Argentina 1,420 1,915 2,507 2,995 3,510

2,330 India 2,300 2,775 2,600 2,645 2,650

3,402 EU-27 2,739 2,407 2,737 2,330 2,166

839 Mexico 800 815 835 815 830

725 Iran 655 575 676 670 660

621 Egypt 563 490 769 685 587

355 Algeria 374 395 495 495 475

444 Korea, South 447 445 443 450 460

380 Bangladesh 353 371 388 410 415

412 Taiwan 385 400 391 395 397

450 Morocco 426 420 403 392 395

384 Venezuela 389 387 389 389 389

4,329 Other 4,198 4,225 4,284 4,347 4,435

37,662 Total 36,188 38,238 40,914 42,259 43,760

Ending Stocks none

1,127 United States 1,298 1,545 1,100 1,163 1,009

227 China 477 205 203 246 324

297 Argentina 87 195 308 183 188

280 EU-27 286 322 272 137 145

294 Brazil 236 284 246 136 136

1,268 Other 757 715 1,158 851 474

3,493 Total 3,141 3,266 3,287 2,716 2,276

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.

May 2012

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Table 10: Soybeans and Products: World Trade

Thousand Metric Tons

Marketing Year

Meal, Soybean Oil, Soybean Oilseed, Soybean

2012/132011/122010/112012/132011/122010/112012/132011/122010/11

Exports

North America 8,476 8,446 7,810 1,535 612 636 43,765 38,488 43,659

Canada (Aug-Jul) 210 185 185 66 66 66 2,906 2,700 2,700

United States (Sep-Aug) 8,259 8,255 7,620 1,466 544 567 40,859 35,788 40,959

South America 44,074 45,845 47,020 6,782 6,381 6,311 47,401 48,851 51,307

Argentina (Oct-Sep) 27,615 29,165 29,775 4,561 4,295 4,085 9,205 8,450 10,100

Brazil (Oct-Sep) 13,987 14,300 13,855 1,668 1,575 1,435 29,951 35,700 34,200

Paraguay (Mar-Feb) 1,072 900 1,840 242 180 445 6,700 3,100 5,100

South Asia 4,645 4,408 4,235 1 1 1 15 20 20

India (Oct-Sep) 4,635 4,400 4,227 1 1 1 15 20 20

Other 1,526 1,453 1,368 1,250 1,253 1,217 1,459 1,653 2,270

World Total 58,721 60,152 60,433 9,568 8,247 8,165 92,640 89,012 97,256

Imports

European Union 0 21,900 21,900 0 530 500 0 11,000 11,000

East Asia 4,278 4,210 4,198 1,729 1,617 1,730 58,976 62,035 67,435

China (Oct-Sep) 294 150 150 1,319 1,200 1,300 52,339 56,000 61,000

Japan (Oct-Sep) 2,208 2,250 2,250 19 20 23 2,917 2,700 2,800

Korea, South (Oct-Sep) 1,658 1,640 1,700 300 310 320 1,239 1,060 1,160

Taiwan (Oct-Sep) 56 150 58 5 0 0 2,454 2,250 2,450

Southeast Asia 10,873 11,172 11,508 255 244 224 5,676 5,720 6,220

Indonesia (Oct-Sep) 3,069 3,050 3,200 19 20 20 1,898 1,980 2,100

Malaysia (Oct-Sep) 1,028 1,060 1,120 81 90 90 614 615 645

Philippines (Jan-Dec) 1,890 1,939 1,950 36 20 20 82 80 75

Thailand (Sep-Aug) 2,318 2,500 2,675 0 0 0 2,139 1,975 2,000

Vietnam (Jan-Dec) 2,545 2,600 2,540 88 80 60 924 1,050 1,380

North America 2,738 2,826 2,810 294 274 288 4,157 4,008 4,108

Canada (Aug-Jul) 1,076 1,120 1,110 32 30 30 266 200 200

Mexico (Sep-Aug) 1,500 1,525 1,550 190 160 170 3,498 3,400 3,500

South America 4,450 4,713 4,870 1,055 1,022 1,040 821 635 795

Brazil (Oct-Sep) 58 50 50 0 0 0 37 35 40

Colombia (Oct-Sep) 1,019 1,025 1,035 238 235 230 308 275 320

Central America 883 905 935 185 182 187 254 246 261

Caribbean 797 848 872 278 302 306 0 156 155

Middle East 4,143 4,355 4,375 858 581 538 3,015 2,560 2,637

Iran (Oct-Sep) 1,742 1,825 1,750 704 418 375 930 825 762

Israel (Oct-Sep) 86 115 110 12 12 12 384 360 375

Syria (Jan-Dec) 500 550 550 0 3 3 350 275 300

Turkey (Sep-Aug) 557 600 650 3 2 2 1,351 1,100 1,200

North Africa 2,377 2,640 2,771 1,715 1,401 1,275 1,739 1,670 1,750

Egypt (Oct-Sep) 622 700 755 637 365 300 1,644 1,600 1,675

Other 25,811 4,190 4,371 2,897 1,836 1,744 14,209 1,390 1,454

World Total 56,350 57,759 58,610 9,266 7,989 7,832 88,847 89,420 95,815

May 2012

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Table 11: Palm Oil: World Supply and Distribution

Thousand Metric Tons

2007/08 2008/09 2009/10 2010/11 2011/12

May

2012/13

Production none

18,000 Indonesia 20,500 22,000 23,600 25,400 27,000

17,567 Malaysia 17,259 17,763 18,211 18,700 19,000

1,050 Thailand 1,540 1,345 1,288 1,546 1,700

780 Colombia 795 770 775 885 900

820 Nigeria 850 850 850 850 850

2,811 Other 3,074 3,145 3,224 3,286 3,322

41,028 Total 44,018 45,873 47,948 50,667 52,772

Imports none

5,013 India 6,867 6,603 6,661 7,250 7,700

5,223 China 6,118 5,760 5,711 6,300 6,500

4,963 EU-27 5,505 5,438 4,639 5,300 5,500

1,662 Pakistan 1,915 2,172 2,102 2,150 2,260

669 Malaysia 1,047 1,283 1,648 1,600 1,400

553 Egypt 1,024 1,174 1,277 1,350 1,375

952 United States 1,036 994 980 1,089 1,089

724 Bangladesh 700 951 996 975 1,075

333 Singapore 336 435 656 700 725

447 Vietnam 493 555 565 580 600

9,918 Other 9,014 9,952 10,672 10,779 11,201

30,457 Total 34,055 35,317 35,907 38,073 39,425

Exports none

13,969 Indonesia 15,964 16,573 16,422 17,950 19,100

14,644 Malaysia 15,485 15,530 16,307 16,700 16,900

373 Papua New Guinea 455 478 500 505 520

360 Thailand 114 121 382 440 520

336 United Arab Emirates 232 344 400 425 450

2,635 Other 2,682 2,706 2,745 2,840 2,939

32,317 Total 34,932 35,752 36,756 38,860 40,429

Domestic Consumption none

5,075 India 6,230 6,440 7,080 7,500 7,950

4,712 Indonesia 5,105 5,494 6,345 7,226 7,823

5,222 China 5,618 5,930 5,797 6,190 6,400

4,717 EU-27 5,221 5,213 4,813 5,100 5,220

3,170 Malaysia 3,229 3,389 3,430 3,477 3,421

1,716 Pakistan 1,871 1,975 2,080 2,090 2,195

1,215 Nigeria 1,228 1,252 1,267 1,285 1,295

640 Egypt 790 905 1,050 1,095 1,140

953 Thailand 1,219 1,254 1,108 1,120 1,135

797 Bangladesh 700 891 1,015 1,020 1,075

948 United States 959 958 956 1,100 1,071

515 Colombia 592 770 775 840 850

700 Russia 579 552 601 600 600

466 Vietnam 495 555 565 580 600

551 Japan 531 581 575 585 585

8,365 Other 8,338 8,748 9,693 10,026 10,282

39,762 Total 42,705 44,907 47,150 49,834 51,642

Ending Stocks none

2,037 Malaysia 1,629 1,756 1,878 2,001 2,080

605 Indonesia 57 39 895 1,154 1,251

0 China 499 328 241 350 449

319 EU-27 468 542 161 161 241

0 Egypt 74 168 195 230 235

1,420 Other 2,090 2,515 1,927 1,447 1,213

4,381 Total 4,817 5,348 5,297 5,343 5,469

May 2012

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Table 12: Rapeseed and Products: World Supply and Distribution

Thousand Metric Tons

Marketing Year

Meal, Rapeseed Oil, Rapeseed Oilseed, Rapeseed

2012/132011/122010/112012/132011/122010/112012/132011/122010/11

Production

China (Oct-Sep) 8,909 9,651 9,382 5,057 5,449 5,297 13,100 13,000 13,000

India (Oct-Sep) 4,065 3,645 3,580 2,575 2,310 2,270 7,100 6,500 6,700

Canada (Aug-Jul) 3,650 3,850 3,960 2,645 2,790 2,875 12,773 14,165 15,400

Japan (Oct-Sep) 1,289 1,300 1,272 996 990 970 1 1 1

EU-27 (Jul-Jun) 12,827 12,331 12,032 9,258 8,901 8,685 20,760 19,128 18,000

Other 4,415 4,549 4,697 3,060 3,160 3,256 6,819 7,616 7,331

World Total 35,155 35,326 34,923 23,591 23,600 23,353 60,553 60,410 60,432

Imports

China (Oct-Sep) 1,413 900 800 647 700 800 930 1,800 2,100

India (Oct-Sep) 0 0 0 5 50 5 0 0 0

Canada (Aug-Jul) 33 25 25 124 175 175 224 125 125

Japan (Oct-Sep) 25 25 50 26 20 20 2,321 2,350 2,300

EU-27 (Jul-Jun) 224 230 200 488 600 500 2,572 3,000 2,900

Other 3,293 4,235 4,227 2,010 2,083 2,084 4,349 4,204 4,258

World Total 4,988 5,415 5,302 3,300 3,628 3,584 10,396 11,479 11,683

Exports

China (Oct-Sep) 5 70 20 3 5 5 0 0 0

India (Oct-Sep) 1,310 1,080 900 20 10 10 0 0 0

Canada (Aug-Jul) 2,989 3,140 3,300 2,420 2,420 2,540 7,207 8,400 8,400

Japan (Oct-Sep) 0 3 0 1 1 1 0 0 0

EU-27 (Jul-Jun) 251 290 200 214 250 150 197 100 100

Other 643 790 801 814 1,017 935 3,439 3,504 3,494

World Total 5,198 5,373 5,221 3,472 3,703 3,641 10,843 12,004 11,994

Domestic Consumption

China (Oct-Sep) 10,317 10,481 10,162 5,965 5,975 6,140 14,720 15,820 15,370

India (Oct-Sep) 2,750 2,570 2,680 2,300 2,375 2,450 7,551 6,875 6,800

Canada (Aug-Jul) 725 750 725 410 505 505 6,335 6,908 6,975

Japan (Oct-Sep) 1,319 1,322 1,320 1,015 1,005 995 2,346 2,351 2,301

EU-27 (Jul-Jun) 12,757 12,288 12,056 9,590 9,242 9,045 23,152 22,245 21,700

Other 7,029 8,015 8,143 4,121 4,247 4,467 7,800 7,993 8,308

World Total 34,897 35,426 35,086 23,401 23,349 23,602 61,904 62,192 61,454

Ending Stocks

China (Oct-Sep) 0 0 0 336 505 457 1,424 404 134

India (Oct-Sep) 27 22 22 260 235 50 729 354 254

Canada (Aug-Jul) 144 129 89 53 93 98 1,725 707 857

Japan (Oct-Sep) 10 10 12 49 53 47 77 77 77

EU-27 (Jul-Jun) 118 101 77 191 200 190 1,792 1,575 675

Other 103 82 62 371 350 288 755 1,078 865

World Total 402 344 262 1,260 1,436 1,130 6,502 4,195 2,862

5/10/2012 7:29:45 AM

May 2012

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Table 13: Sunflowerseed and Products World Supply and Distribution

Thousand Metric Tons

Marketing Year

Oilseed, Sunflowerseed Meal, Sunflowerseed Oil, Sunflowerseed

2012/132011/122010/112012/132011/122010/112012/132011/122010/11

Production

Argentina (Mar-Feb) 3,670 3,400 4,000 1,624 1,470 1,625 1,549 1,387 1,525

Russia (Sep-Aug) 5,350 9,627 8,500 1,874 3,050 2,783 2,082 3,304 3,095

Turkey (Sep-Aug) 1,000 925 1,050 597 640 662 671 718 744

Ukraine (Sep-Aug) 8,400 9,500 9,500 3,304 3,654 3,895 3,327 3,684 3,905

EU-27 (Oct-Sep) 6,919 8,215 8,100 3,335 3,779 3,855 2,563 2,918 2,976

Other 7,946 7,434 7,779 2,296 2,449 2,573 2,014 2,136 2,254

World Total 33,285 39,101 38,929 13,030 15,042 15,393 12,206 14,147 14,499

Imports

Argentina (Mar-Feb) 9 20 20 0 0 0 0 0 0

Russia (Sep-Aug) 43 20 10 17 5 0 157 20 20

Turkey (Sep-Aug) 705 750 700 500 600 700 401 550 600

Ukraine (Sep-Aug) 12 10 0 1 0 0 1 0 0

EU-27 (Oct-Sep) 379 350 500 2,254 2,500 2,600 768 1,230 1,500

Other 445 836 796 1,098 1,399 1,552 2,306 3,203 3,673

World Total 1,593 1,986 2,026 3,870 4,504 4,852 3,633 5,003 5,793

Exports

Argentina (Mar-Feb) 74 65 65 745 750 800 978 1,000 1,050

Russia (Sep-Aug) 8 300 300 588 1,150 1,000 222 1,150 1,000

Turkey (Sep-Aug) 26 40 30 0 5 0 157 300 350

Ukraine (Sep-Aug) 444 300 450 2,927 3,150 3,300 2,652 2,900 3,500

EU-27 (Oct-Sep) 555 620 600 137 150 200 166 180 160

Other 690 598 615 184 234 232 448 420 455

World Total 1,797 1,923 2,060 4,581 5,439 5,532 4,623 5,950 6,515

Domestic Consumption

Argentina (Mar-Feb) 3,755 3,403 3,753 739 775 825 452 484 517

Russia (Sep-Aug) 5,555 8,820 8,320 1,459 1,754 1,834 2,041 2,090 2,120

Turkey (Sep-Aug) 1,577 1,687 1,747 1,097 1,235 1,362 855 931 951

Ukraine (Sep-Aug) 7,985 8,885 9,460 396 425 560 470 480 513

EU-27 (Oct-Sep) 6,836 7,818 7,950 5,379 5,910 6,410 3,482 3,833 4,083

Other 7,580 7,745 8,000 3,205 3,626 3,890 4,098 4,871 5,468

World Total 33,288 38,358 39,230 12,275 13,725 14,881 11,398 12,689 13,652

Ending Stocks

Argentina (Mar-Feb) 92 44 246 185 130 130 427 330 288

Russia (Sep-Aug) 113 640 530 48 199 148 75 159 154

Turkey (Sep-Aug) 235 183 156 0 0 0 70 107 150

Ukraine (Sep-Aug) 474 799 389 6 85 120 288 592 484

EU-27 (Oct-Sep) 310 437 487 296 515 360 135 270 503

Other 568 495 455 38 26 29 415 463 467

World Total 1,792 2,598 2,263 573 955 787 1,410 1,921 2,046

May 2012

Page 16: China Drives New Crop U.S. Soybean Salesdownloads.usda.library.cornell.edu/.../sj1392303/oilseed-trade-05-10-2012.pdfTable 02: Major Protein Meals: World Supply and Distribution (Commodity

Table 14: Minor Vegetable Oil Supply and Distribution

Thousand Metric Tons

Marketing Year

Oil, Peanut Oil, Cottonseed Oil, Olive

2012/132011/122010/112012/132011/122010/112012/132011/122010/11

Production

China (Oct-Sep) 2,372 2,513 2,534 1,411 1,476 1,447 nr nr nr

India (Oct-Sep) 1,365 1,365 1,400 1,150 1,210 1,190 nr nr nr

Turkey (Nov-Oct) 4 4 4 110 145 146 175 145 175

United States (Aug-Jul) 86 81 73 379 342 363 4 4 4

EU-27 (Oct-Sep) 16 16 16 45 48 48 2,290 2,390 2,300

Other 1,254 1,291 1,340 1,895 2,111 2,104 569 564 610

World Total 5,097 5,270 5,367 4,990 5,332 5,298 3,038 3,103 3,089

Imports

China (Oct-Sep) 68 60 70 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 2 5 0 0 0

United States (Aug-Jul) 27 16 23 0 4 0 291 302 311

EU-27 (Oct-Sep) 80 76 80 3 3 3 85 100 125

Other 20 20 20 48 63 53 199 201 206

World Total 195 172 193 51 72 61 575 603 642

Exports

China (Oct-Sep) 8 10 10 3 3 3 nr nr nr

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

Turkey (Nov-Oct) 0 0 0 2 5 5 13 10 25

United States (Aug-Jul) 7 6 7 74 113 59 4 6 6

EU-27 (Oct-Sep) 2 3 2 0 1 1 544 500 500

Other 155 164 191 53 67 64 221 217 247

World Total 172 183 210 132 189 132 782 733 778

Domestic Consumption

China (Oct-Sep) 2,432 2,563 2,594 1,408 1,473 1,444 nr nr nr

India (Oct-Sep) 1,325 1,365 1,435 1,116 1,216 1,221 nr nr nr

Turkey (Nov-Oct) 4 4 4 108 138 141 140 140 145

United States (Aug-Jul) 102 95 89 272 263 304 291 300 309

EU-27 (Oct-Sep) 94 90 95 48 50 50 2,030 2,030 2,020

Other 1,150 1,150 1,151 1,848 2,067 2,121 532 547 562

World Total 5,107 5,267 5,368 4,800 5,207 5,281 2,993 3,017 3,036

Ending Stocks

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

India (Oct-Sep) 50 50 15 88 82 51 nr nr nr

Turkey (Nov-Oct) 0 0 0 0 4 9 30 25 30

United States (Aug-Jul) 13 9 9 75 45 45 0 0 0

EU-27 (Oct-Sep) 5 4 3 1 1 1 331 291 196

Other 45 42 60 104 144 116 76 77 84

World Total 113 105 87 268 276 222 437 393 310

May 2012

Page 17: China Drives New Crop U.S. Soybean Salesdownloads.usda.library.cornell.edu/.../sj1392303/oilseed-trade-05-10-2012.pdfTable 02: Major Protein Meals: World Supply and Distribution (Commodity

Table 15: World Oilseeds and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Food Use

Dom. Cons.

Domestic

Consumpti

Ending

Stocks

Major Oilseeds

304.22 25.5259.52398.1559.1734.75188.45 1999/00 300.18 38.44

313.89 26.8266.89417.9265.5938.44188.57 2000/01 310.94 40.10

324.75 27.4962.42428.5163.6640.10188.60 2001/02 323.70 42.40

331.58 27.7570.09444.9871.0142.40186.32 2002/03 326.11 48.78

335.71 27.6366.78448.6564.1548.78199.60 2003/04 336.54 45.33

381.24 29.0274.35499.2272.6645.33209.56 2004/05 366.44 58.43

391.55 30.0675.75525.3475.3658.43211.12 2005/06 384.77 64.81

403.82 30.4483.06549.3780.7464.81211.40 2006/07 392.93 73.38

390.74 30.6991.47554.2890.1673.38206.12 2007/08 401.07 61.73

396.70 32.0194.23552.3793.9561.73214.36 2008/09 401.49 56.66

444.97 33.02108.35603.33101.7156.66216.25 2009/10 421.61 73.38

456.47 34.02109.23633.94104.0873.38223.42 2010/11 443.30 81.41

437.26 34.58106.52624.70106.0481.41226.96 2011/12 455.43 62.76

471.48 35.04115.10646.85112.6262.76233.34 2012/13 466.13 65.63

Major Protien Meals

167.77 0.3946.75223.2447.348.13nr 1999/00 168.92 7.58

174.70 0.4148.51230.3348.057.58nr 2000/01 175.06 6.77

182.57 0.4252.88240.7851.446.77nr 2001/02 180.61 7.28

185.71 0.4354.06246.6053.607.28nr 2002/03 186.11 6.43

190.75 0.4759.13254.9657.796.43nr 2003/04 189.16 6.68

206.61 0.5061.27272.8659.576.68nr 2004/05 204.54 7.04

217.25 0.4866.32289.7265.437.04nr 2005/06 215.72 7.68

224.10 0.5169.01298.7566.977.68nr 2006/07 221.84 7.89

231.57 0.5472.16309.2669.807.89nr 2007/08 228.88 8.22

228.94 0.6069.36304.5867.438.22nr 2008/09 228.72 6.50

244.14 0.6772.13319.3568.706.50nr 2009/10 239.15 8.06

257.04 0.7077.34338.7473.648.06nr 2010/11 251.33 10.08

263.82 0.7480.00350.4076.5010.08nr 2011/12 260.87 9.53

271.60 0.7680.39358.8677.739.53nr 2012/13 268.30 10.17

Major Vegetable Oils

86.05 74.1328.72121.2126.678.498.33 1999/00 82.80 9.69

89.81 78.5030.80129.7430.249.6910.21 2000/01 88.60 10.34

92.74 80.3433.02133.9330.8510.3410.54 2001/02 91.25 9.66

96.10 83.1436.08140.6534.899.664.56 2002/03 95.36 9.22

102.86 87.0639.31149.7737.699.224.54 2003/04 100.85 9.61

111.72 91.3942.86162.1940.869.618.25 2004/05 108.06 11.27

119.05 94.5347.74174.7644.4511.278.36 2005/06 114.92 12.10

121.85 96.2049.24181.4047.4412.108.45 2006/07 119.66 12.50

128.78 99.4253.85191.6750.4012.508.69 2007/08 125.76 12.06

133.78 102.4656.15200.2154.3712.068.82 2008/09 130.66 13.41

140.84 106.9858.00210.2956.0413.418.92 2009/10 138.58 13.71

147.50 111.0060.13218.3457.1313.718.74 2010/11 144.84 13.37

153.47 114.7562.60226.7759.9413.378.76 2011/12 151.01 13.16

157.64 108.8764.76232.9162.1113.168.76 2012/13 155.84 12.32

Based on the aggregate of different marketing years

May 2012

Page 18: China Drives New Crop U.S. Soybean Salesdownloads.usda.library.cornell.edu/.../sj1392303/oilseed-trade-05-10-2012.pdfTable 02: Major Protein Meals: World Supply and Distribution (Commodity

Table 16: World: Soybeans and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean

160.35 135.0945.63235.1745.5729.2571.91 1999/00 159.31 30.23

175.76 146.5553.82259.0753.0830.2375.44 2000/01 171.50 33.75

184.82 157.9153.00272.9354.3733.7579.47 2001/02 184.33 35.60

196.89 165.2661.34295.3762.8835.6081.48 2002/03 191.15 42.88

186.61 164.0356.04283.5854.0842.8888.39 2003/04 189.39 38.14

215.76 175.3564.75317.3863.4838.1493.16 2004/05 204.35 48.27

220.65 186.3163.80333.0164.0948.2792.90 2005/06 216.02 53.18

235.96 195.6871.09358.1168.9653.1894.31 2006/07 224.87 62.15

219.56 202.2278.43360.0478.3462.1590.60 2007/08 229.49 52.12

211.64 193.2176.89341.1577.3952.1296.34 2008/09 220.90 43.35

261.09 209.5292.86391.2786.8343.35102.18 2009/10 237.87 60.54

264.69 221.1792.64414.0888.8560.54102.90 2010/11 251.34 70.10

236.87 224.1189.01396.3989.4270.10102.37 2011/12 254.14 53.24

271.42 234.2297.26420.4795.8253.24106.52 2012/13 265.14 58.07

Meal, Soybean

107.07 135.1234.19148.2534.996.19nr 1999/00 108.48 5.58

116.07 146.5836.26157.5735.925.58nr 2000/01 116.01 5.30

124.96 158.0241.81170.7140.465.30nr 2001/02 123.33 5.57

130.32 165.2643.07178.3542.465.57nr 2002/03 130.00 5.28

128.89 164.0446.09179.0844.915.28nr 2003/04 127.60 5.40

138.64 175.3647.70190.1446.105.40nr 2004/05 136.62 5.81

146.65 186.3252.24203.9151.455.81nr 2005/06 145.75 5.93

153.89 195.7454.70212.7052.885.93nr 2006/07 151.63 6.37

158.68 202.2656.06220.0154.966.37nr 2007/08 157.07 6.87

151.80 193.3952.85210.3251.646.87nr 2008/09 152.71 4.77

165.20 209.8555.62223.3453.384.77nr 2009/10 161.32 6.40

174.53 221.5158.72237.2856.356.40nr 2010/11 170.21 8.34

177.50 224.6260.15243.6057.768.34nr 2011/12 175.96 7.50

184.99 234.7660.43251.1058.617.50nr 2012/13 182.35 8.32

Oil, Soybean

24.51 135.136.1933.266.152.60nr 1999/00 24.26 2.82

26.75 146.586.8736.476.902.82nr 2000/01 26.50 3.10

28.90 158.018.2539.587.583.10nr 2001/02 28.15 3.17

30.52 165.268.8141.898.193.17nr 2002/03 30.21 2.88

30.26 164.038.7141.538.402.88nr 2003/04 30.27 2.55

32.56 175.359.0743.978.862.55nr 2004/05 31.83 3.07

34.91 186.319.8147.089.093.07nr 2005/06 33.75 3.52

36.47 195.7210.5549.919.923.52nr 2006/07 35.46 3.91

37.73 202.2410.8552.0110.383.91nr 2007/08 37.66 3.49

35.90 193.379.1548.489.083.49nr 2008/09 36.19 3.14

38.88 209.839.1450.648.623.14nr 2009/10 38.24 3.27

41.24 221.499.5753.779.273.27nr 2010/11 40.91 3.29

41.95 224.608.2553.227.993.29nr 2011/12 42.26 2.72

43.65 234.748.1754.207.832.72nr 2012/13 43.76 2.28

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

May 2012

Page 19: China Drives New Crop U.S. Soybean Salesdownloads.usda.library.cornell.edu/.../sj1392303/oilseed-trade-05-10-2012.pdfTable 02: Major Protein Meals: World Supply and Distribution (Commodity

Table 17: World: Rapeseed and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Food Use

Dom. Cons.

Domestic

Consumpti

Ending

Stocks

Oilseed, Rapeseed

42.48 0.398.2152.928.202.2326.75 1999/00 40.46 4.25

37.33 0.387.1848.586.994.2524.69 2000/01 38.71 2.69

36.01 0.394.9043.654.952.6923.29 2001/02 35.90 2.85

33.26 0.414.1340.134.022.8522.10 2002/03 33.80 2.20

39.44 0.425.5346.785.142.2025.47 2003/04 38.87 2.38

46.11 0.444.9053.495.002.3826.68 2004/05 43.30 5.29

48.54 0.456.9860.496.665.2927.27 2005/06 47.72 5.79

45.13 0.476.6357.906.995.7926.48 2006/07 46.20 5.08

48.50 0.488.1561.127.545.0828.24 2007/08 48.99 3.98

57.81 0.5012.0573.9012.123.9831.08 2008/09 54.85 7.00

60.96 0.5210.7978.6910.737.0031.42 2009/10 59.60 8.30

60.55 0.5410.8479.2510.408.3033.57 2010/11 61.90 6.50

60.41 0.5612.0078.3911.486.5033.11 2011/12 62.19 4.20

60.43 0.5811.9976.3111.684.2033.16 2012/13 61.45 2.86

Meal, Rapeseed

22.08 0.002.3324.682.260.34nr 1999/00 21.96 0.38

21.17 0.001.9023.471.920.38nr 2000/01 21.28 0.29

19.94 0.001.5221.761.540.29nr 2001/02 19.94 0.30

18.80 0.001.6220.841.730.30nr 2002/03 18.94 0.28

21.78 0.002.4924.552.490.28nr 2003/04 21.61 0.45

24.24 0.002.2426.982.300.45nr 2004/05 24.40 0.35

26.55 0.002.5129.452.550.35nr 2005/06 26.35 0.59

25.86 0.002.9629.503.050.59nr 2006/07 26.29 0.25

27.56 0.003.6931.363.550.25nr 2007/08 27.40 0.27

30.77 0.003.6134.633.580.27nr 2008/09 30.78 0.24

33.56 0.003.6137.433.630.24nr 2009/10 33.47 0.35

35.16 0.005.2040.504.990.35nr 2010/11 34.90 0.40

35.33 0.005.3741.145.420.40nr 2011/12 35.43 0.34

34.92 0.005.2240.575.300.34nr 2012/13 35.09 0.26

Oil, Rapeseed

14.00 12.721.7316.181.730.45nr 1999/00 13.74 0.71

13.37 12.281.2015.421.340.71nr 2000/01 13.44 0.78

13.08 12.081.0314.981.120.78nr 2001/02 13.26 0.69

12.27 11.040.9113.850.890.69nr 2002/03 12.38 0.56

14.12 12.431.3316.041.360.56nr 2003/04 14.31 0.40

15.76 12.871.2917.361.200.40nr 2004/05 15.56 0.50

17.43 13.171.6519.401.470.50nr 2005/06 17.03 0.72

17.19 12.671.9920.102.200.72nr 2006/07 17.59 0.53

18.49 13.211.9021.042.020.53nr 2007/08 18.30 0.83

20.56 14.142.4323.832.430.83nr 2008/09 20.25 1.15

22.44 15.142.7426.502.911.15nr 2009/10 22.52 1.24

23.59 16.303.4728.133.301.24nr 2010/11 23.40 1.26

23.60 16.093.7028.493.631.26nr 2011/12 23.35 1.44

23.35 14.443.6428.373.581.44nr 2012/13 23.60 1.13

Based on the aggregate of different marketing years.

May 2012

Page 20: China Drives New Crop U.S. Soybean Salesdownloads.usda.library.cornell.edu/.../sj1392303/oilseed-trade-05-10-2012.pdfTable 02: Major Protein Meals: World Supply and Distribution (Commodity

Table 18: World: Sunflower and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Exports Domestic

Consumpti

Ending

Stocks

Oilseed, Sunflowerseed

27.14 2.0026.302.252.041.3823.03 1999/00

23.07 1.5623.312.412.202.0019.91 2000/01

21.41 1.5021.381.211.111.5618.83 2001/02

23.92 1.9923.251.551.381.5020.21 2002/03

26.83 2.7126.032.262.191.9923.00 2003/04

25.25 2.2325.651.231.142.7120.87 2004/05

30.27 2.7429.641.521.402.2322.90 2005/06

30.35 3.3829.571.921.782.7423.73 2006/07

27.44 3.0027.601.481.253.3821.22 2007/08

33.49 3.1933.002.141.853.0023.90 2008/09

32.19 2.0033.301.561.483.1923.22 2009/10

33.29 1.7933.291.801.592.0023.21 2010/11

39.10 2.6038.361.921.991.7925.70 2011/12

38.93 2.2639.232.062.032.6026.19 2012/13

Meal, Sunflowerseed

10.56 0.4010.752.342.540.39nr 1999/00

9.32 0.329.632.002.230.40nr 2000/01

8.34 0.248.222.111.910.32nr 2001/02

8.99 0.178.962.312.200.24nr 2002/03

10.22 0.219.982.862.660.17nr 2003/04

9.97 0.179.792.772.550.21nr 2004/05

11.52 0.2511.183.553.300.17nr 2005/06

11.49 0.1811.393.493.320.25nr 2006/07

10.71 0.2310.173.292.790.18nr 2007/08

12.75 0.5312.064.303.910.23nr 2008/09

12.96 0.5312.334.123.490.53nr 2009/10

13.03 0.5712.284.583.870.53nr 2010/11

15.04 0.9613.735.444.500.57nr 2011/12

15.39 0.7914.885.534.850.96nr 2012/13

Oil, Sunflowerseed

9.27 1.258.722.902.461.15nr 1999/00

8.18 0.928.282.242.011.25nr 2000/01

7.44 0.567.681.931.810.92nr 2001/02

8.12 0.627.742.312.000.56nr 2002/03

9.20 0.628.502.681.970.62nr 2003/04

9.14 0.868.492.582.180.62nr 2004/05

10.67 1.049.883.923.310.86nr 2005/06

10.71 0.8310.194.053.331.04nr 2006/07

10.14 0.949.243.532.730.83nr 2007/08

11.95 1.7210.634.554.010.94nr 2008/09

12.11 1.5911.464.493.711.72nr 2009/10

12.21 1.4111.404.623.631.59nr 2010/11

14.15 1.9212.695.955.001.41nr 2011/12

14.50 2.0513.656.525.791.92nr 2012/13

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

May 2012

Page 21: China Drives New Crop U.S. Soybean Salesdownloads.usda.library.cornell.edu/.../sj1392303/oilseed-trade-05-10-2012.pdfTable 02: Major Protein Meals: World Supply and Distribution (Commodity

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

Million Metric Tons

Beginning

Stocks

Production Imports Total

Supply

Exports Industrial

Dom. Cons.

Food Use

Dom. Cons.

Domestic

Consumpti

Ending

Stocks

Oil, Palm

13.13 17.232.8014.0437.6921.802.76 1999/00 20.33 3.33

16.28 19.963.4916.5143.9124.313.33 2000/01 23.96 3.45

16.48 20.023.8717.6945.2425.313.45 2001/02 24.46 3.09

19.67 21.924.7320.0450.4527.683.09 2002/03 27.24 3.16

21.89 23.135.5122.1755.1030.053.16 2003/04 29.23 3.71

24.27 24.806.7925.1261.4733.503.71 2004/05 32.26 4.10

26.06 25.767.6627.4165.9135.744.10 2005/06 34.07 4.43

27.15 27.308.2627.7368.9237.344.43 2006/07 36.21 4.98

30.46 29.829.2432.3276.4641.034.98 2007/08 39.76 4.38

34.06 31.5810.3234.9382.4544.024.38 2008/09 42.71 4.82

35.32 32.9611.1135.7586.0145.874.82 2009/10 44.91 5.35

35.91 34.2812.1336.7689.2047.955.35 2010/11 47.15 5.30

38.07 35.9213.1638.8694.0450.675.30 2011/12 49.83 5.34

39.43 36.3713.5440.4397.5452.775.34 2012/13 51.64 5.47

Oil, Coconut

1.48 1.681.101.965.043.370.20 1999/00 2.90 0.18

1.77 1.921.171.835.543.590.18 2000/01 3.22 0.50

1.83 1.871.251.795.503.170.50 2001/02 3.28 0.43

1.89 1.931.241.735.463.140.43 2002/03 3.29 0.44

1.68 1.811.271.805.413.290.44 2003/04 3.21 0.41

1.91 1.801.372.085.773.460.41 2004/05 3.26 0.42

2.03 1.911.472.055.913.460.42 2005/06 3.52 0.34

1.87 1.771.471.745.423.220.34 2006/07 3.32 0.36

1.90 1.821.521.935.803.540.36 2007/08 3.45 0.43

1.66 1.761.551.485.623.540.43 2008/09 3.35 0.79

2.29 2.201.682.176.713.630.79 2009/10 3.97 0.57

1.78 2.041.731.726.183.830.57 2010/11 3.81 0.66

1.79 1.991.701.736.013.560.66 2011/12 3.73 0.55

1.82 1.881.381.765.893.520.55 2012/13 3.76 0.38

Meal, Fish

3.70 0.000.083.6610.696.330.67 1999/00 6.39 0.65

3.47 0.000.083.4710.045.920.65 2000/01 6.17 0.40

3.25 0.000.083.069.485.830.40 2001/02 5.73 0.69

2.84 0.000.082.868.384.840.69 2002/03 5.21 0.31

3.12 0.000.073.218.775.340.31 2003/04 5.38 0.18

3.61 0.000.053.669.505.710.18 2004/05 5.69 0.15

2.94 0.000.052.738.054.960.15 2005/06 5.17 0.15

2.69 0.000.052.597.905.070.15 2006/07 4.98 0.33

3.01 0.000.052.858.585.240.33 2007/08 5.42 0.31

3.11 0.000.052.958.525.100.31 2008/09 5.33 0.24

2.63 0.000.052.277.184.320.24 2009/10 4.70 0.21

2.70 0.000.052.487.464.550.21 2010/11 4.78 0.20

2.96 0.000.052.627.864.700.20 2011/12 5.04 0.20

2.98 0.000.052.657.914.730.20 2012/13 5.07 0.20

Based on the aggregate of different marketing years.

May 2012

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

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Major Oilseeds

82,315 47,90527,39593,85475910,78037,149 1999/00 57,474 8,985

84,891 49,18927,97694,6938178,98536,805 2000/01 58,897 7,820

89,832 50,63129,96698,3056537,82037,323 2001/02 61,466 6,873

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

98,902 51,48641,690105,5871,0665,61935,512 2009/10 58,352 5,545

100,376 49,34041,834106,8669455,54537,179 2010/11 57,725 7,307

91,316 48,87836,399100,0331,4107,30735,086 2011/12 56,924 6,710

96,965 49,63341,714104,8381,1636,71035,647 2012/13 57,971 5,153

Major Protien Meals

36,713 47,9057,13138,2881,242333nr 1999/00 30,860 297

38,238 49,1897,60739,6971,162297nr 2000/01 31,693 397

38,890 50,6317,52440,3471,060397nr 2001/02 32,537 286

36,585 47,5055,92438,0651,194286nr 2002/03 31,895 246

35,200 45,5394,94537,2821,836246nr 2003/04 32,064 273

39,246 50,1676,95441,0481,529273nr 2004/05 33,879 215

39,910 51,8977,60841,7781,653215nr 2005/06 33,809 361

41,449 53,4838,26443,5091,699361nr 2006/07 34,860 385

40,873 53,4958,70643,2381,980385nr 2007/08 34,199 333

37,724 49,3437,94039,8661,809333nr 2008/09 31,680 246

40,075 51,48610,30741,6641,343246nr 2009/10 31,016 341

38,089 49,3408,50840,6682,238341nr 2010/11 31,781 379

38,415 48,8788,48641,9653,171379nr 2011/12 33,137 342

38,337 49,6337,86241,8193,140342nr 2012/13 33,620 337

Major Vegetable Oils

9,413 47,9051,12611,9331,5229980 1999/00 9,592 1,215

9,554 49,1891,04712,4521,6831,2150 2000/01 9,766 1,639

9,681 50,6311,54912,9471,6271,6390 2001/02 10,093 1,305

9,197 47,5051,23812,0451,5431,3050 2002/03 9,885 922

8,779 45,53974011,6121,9119220 2003/04 10,077 795

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

10,423 51,89789913,9262,3791,1240 2005/06 11,230 1,797

10,455 53,4831,33314,7792,5271,7970 2006/07 11,705 1,741

10,545 53,4951,67915,3943,1081,7410 2007/08 12,251 1,464

9,670 49,3431,45714,3643,2301,4640 2008/09 11,170 1,737

10,065 51,4861,94815,1403,3381,7370 2009/10 11,202 1,990

9,803 49,3401,86215,4063,6131,9900 2010/11 11,934 1,610

9,791 48,8781,01515,3913,9901,6100 2011/12 12,793 1,583

9,889 49,63397315,4553,9831,5830 2012/13 13,064 1,418

Based on the aggregate of different marketing years

May 2012

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

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean

72,224 42,92726,53781,8221149,48429,318 1999/00 47,388 7,897

75,055 44,62527,10383,049977,89729,303 2000/01 49,203 6,743

78,672 46,25928,94885,478636,74329,532 2001/02 50,867 5,663

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

91,417 47,67340,79895,5753973,76130,907 2009/10 50,671 4,106

90,605 44,85140,85995,1043934,10631,003 2010/11 48,394 5,851

83,172 44,76935,78889,4314085,85129,800 2011/12 47,922 5,721

87,226 45,04140,95993,3554085,72129,530 2012/13 48,456 3,940

Meal, Soybean

34,102 42,9276,91234,46765300nr 1999/00 27,289 266

35,730 44,6257,33536,04650266nr 2000/01 28,363 348

36,552 46,2597,27137,034134348nr 2001/02 29,545 218

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 47,67310,12438,194145213nr 2009/10 27,796 274

35,608 44,8518,25936,044162274nr 2010/11 27,467 318

36,060 44,7698,25536,559181318nr 2011/12 28,032 272

35,774 45,0417,62036,196150272nr 2012/13 28,304 272

Oil, Soybean

8,085 42,9276248,81237690nr 1999/00 7,284 904

8,355 44,6256369,29233904nr 2000/01 7,401 1,255

8,572 46,2591,1439,848211,255nr 2001/02 7,635 1,070

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

8,567 44,8511,46610,184721,545nr 2010/11 7,618 1,100

8,643 44,7695449,827841,100nr 2011/12 8,120 1,163

8,580 45,0415679,831881,163nr 2012/13 8,255 1,009

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.

May 2012

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

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

34,700 21,57811,77935,89779440313,600 1999/00 23,502 616

39,500 22,77315,52140,97085461613,934 2000/01 24,792 657

43,500 25,84316,07445,2571,10065716,350 2001/02 28,202 981

52,000 27,79619,98754,1051,12498118,448 2002/03 30,320 3,798

51,000 28,91419,25755,1623643,79821,520 2003/04 31,807 4,098

53,000 29,73022,79957,4503524,09822,917 2004/05 32,515 2,136

57,000 28,75424,77059,176402,13622,229 2005/06 31,654 2,752

59,000 31,51123,80561,8601082,75220,700 2006/07 34,361 3,694

61,000 31,89524,51564,777833,69421,300 2007/08 34,695 5,567

57,800 30,77828,04163,4911245,56721,700 2008/09 33,543 1,907

69,000 35,70029,18871,0571501,90723,500 2009/10 38,600 3,269

75,500 36,73333,78978,809403,26924,200 2010/11 39,733 5,287

65,000 34,90030,91570,318315,28725,000 2011/12 38,000 1,403

78,000 37,70036,20079,443401,40326,500 2012/13 40,900 2,343

Meal, Soybean (Local)

16,831 21,5789,87617,544119594nr 1999/00 7,068 600

17,753 22,77311,11018,583230600nr 2000/01 7,171 302

20,392 25,84312,78321,082388302nr 2001/02 7,596 703

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

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

23,040 29,73014,25624,125244841nr 2004/05 9,133 736

22,280 28,75412,28723,230214736nr 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 30,77812,15325,653861,717nr 2008/09 12,200 1,300

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

28,470 36,73314,45230,286511,765nr 2010/11 13,700 2,134

27,050 34,90013,80029,234502,134nr 2011/12 14,000 1,434

29,220 37,70014,05030,704501,434nr 2012/13 14,450 2,204

Oil, Soybean (Local)

4,036 21,5781,1344,383111236nr 1999/00 2,971 278

4,370 22,7731,6164,73587278nr 2000/01 2,937 182

4,905 25,8432,1005,227140182nr 2001/02 2,936 191

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

5,579 28,9142,5315,87814285nr 2003/04 2,969 378

5,710 29,7302,6976,0913378nr 2004/05 3,099 295

5,520 28,7542,3155,83318295nr 2005/06 3,211 307

6,050 31,5112,5216,41962307nr 2006/07 3,505 393

6,120 31,8952,1986,5229393nr 2007/08 4,005 319

5,910 30,7781,4966,27041319nr 2008/09 4,395 379

6,850 35,7001,6327,2312379nr 2009/10 5,130 469

7,050 36,7331,7587,5190469nr 2010/11 5,320 441

6,700 34,9001,4457,1410441nr 2011/12 5,540 156

7,230 37,7001,4857,3860156nr 2012/13 5,720 181

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

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

May 2012

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

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

21,200 16,5144,10921,9743014738,583 1999/00 17,449 416

27,800 19,5077,37728,50729141610,400 2000/01 20,587 543

30,000 22,3976,22130,84029754311,400 2001/02 23,597 1,022

35,500 24,8158,80936,8993771,02212,600 2002/03 26,140 1,950

33,000 25,0726,79935,6697191,95014,000 2003/04 26,509 2,361

39,000 29,56010,68642,0707092,36114,400 2004/05 31,010 374

40,500 32,7487,13241,8871,01337415,200 2005/06 34,221 534

48,800 35,96312,13351,6702,33653416,300 2006/07 37,463 2,074

46,200 31,88311,80351,2212,9472,07416,371 2007/08 33,454 5,964

32,000 28,5553,48638,1211575,96416,000 2008/09 30,140 4,495

54,500 39,19013,70158,99504,49518,600 2009/10 40,787 4,507

49,000 37,87010,36553,520134,50718,300 2010/11 39,470 3,685

42,500 37,2006,77546,18503,68517,800 2011/12 38,700 710

55,000 40,00011,00055,7201071019,700 2012/13 41,650 3,070

Meal, Soybean (Local)

13,113 16,51412,85414,92201,809nr 1999/00 335 1,733

15,492 19,50715,97917,22501,733nr 2000/01 325 921

17,762 22,39717,57218,6830921nr 2001/02 329 782

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 2007/08 632 555

22,519 28,55521,30323,0784555nr 2008/09 652 1,123

30,493 39,19028,38431,61601,123nr 2009/10 700 2,532

29,465 37,87028,10031,99702,532nr 2010/11 722 3,175

29,000 37,20028,81532,17503,175nr 2011/12 740 2,620

31,200 40,00030,40033,82002,620nr 2012/13 770 2,650

Oil, Soybean (Local)

3,017 16,5142,8373,4570440nr 1999/00 242 378

3,630 19,5073,5104,0080378nr 2000/01 287 211

4,165 22,3973,6394,3760211nr 2001/02 357 380

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 39,1905,1807,6200160nr 2009/10 2,215 225

7,213 37,8704,3007,4380225nr 2010/11 2,800 338

7,100 37,2004,1707,4380338nr 2011/12 3,095 173

7,635 40,0003,7807,8080173nr 2012/13 3,840 188

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

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

May 2012

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

Thousand Metric Tons

2007/08 2008/09 2009/10 2010/11 2011/12

May

2012/13

none

Production none

4,347 Oilseed, Copra 4,466 4,465 4,604 4,123 4,242

9,547 Oilseed, Palm Kernel 10,244 10,691 11,009 11,718 12,219

1,468 Oilseed, Soybean 1,464 1,325 1,285 1,321 1,371

3,726 Other 4,130 4,254 3,814 4,129 4,149

19,088 Total 20,304 20,735 20,712 21,291 21,981

none

Imports none

117 Meal, Fish 130 105 136 158 171

428 Meal, Rapeseed 488 388 419 445 455

9,226 Meal, Soybean 9,556 10,598 10,873 11,172 11,508

334 Other 471 435 423 448 476

10,105 Total 10,645 11,526 11,851 12,223 12,610

none

Imports none

1,854 Oil, Palm 2,275 2,678 3,389 3,395 3,220

1 Oil, Rapeseed 1 2 2 2 2

197 Oil, Soybean 242 241 255 244 224

0 Oil, Sunflowerseed 0 0 0 0 0

595 Other 524 715 788 793 963

2,647 Total 3,042 3,636 4,434 4,434 4,409

none

Domestic Consumption none

571 Meal, Fish 593 546 584 612 618

426 Meal, Rapeseed 487 387 419 445 455

10,840 Meal, Soybean 11,054 12,056 12,678 13,366 14,205

2,141 Other 2,419 2,411 2,585 2,756 2,881

13,978 Total 14,553 15,400 16,266 17,179 18,159

none

Domestic Consumption none

9,889 Oil, Palm 10,653 11,304 12,538 13,513 14,109

1 Oil, Rapeseed 1 2 2 2 2

426 Oil, Soybean 429 483 565 620 678

78 Oil, Sunflowerseed 71 71 71 71 71

3,653 Other 3,866 4,218 4,590 4,858 4,942

14,047 Total 15,020 16,078 17,766 19,064 19,802

none

Industrial Dom. Cons. none

3,446 Oil, Palm 3,904 4,314 5,249 5,867 6,113

0 Oil, Rapeseed 0 0 0 0 0

73 Oil, Soybean 74 75 77 80 78

0 Oil, Sunflowerseed 0 0 0 0 0

2,593 Other 2,736 2,973 3,127 3,358 3,438

6,112 Total 6,714 7,362 8,453 9,305 9,629

none

Food Use Dom. Cons. none

6,023 Oil, Palm 6,290 6,526 6,851 7,235 7,685

1 Oil, Rapeseed 1 2 2 2 2

353 Oil, Soybean 355 408 488 540 600

78 Oil, Sunflowerseed 71 71 71 71 71

1,050 Other 1,120 1,235 1,443 1,490 1,500

7,505 Total 7,837 8,242 8,855 9,338 9,858

none

SME none

825 Meal, Fish 857 789 844 884 893

303 Meal, Rapeseed 347 275 298 317 324

10,840 Meal, Soybean 11,054 12,056 12,678 13,366 14,205

1,191 Other 1,309 1,300 1,331 1,425 1,473

13,159 Total 13,566 14,420 15,151 15,992 16,895

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

SME - 44 Percent Protein Soybean Meal Equivalent

May 2012

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Table 25: Middle East Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2007/08 2008/09 2009/10 2010/11 2011/12

May

2012/13

none

Production none

1,684 Oilseed, Cottonseed 1,277 1,129 1,154 1,595 1,360

0 Oilseed, Rapeseed 0 0 0 0 0

206 Oilseed, Soybean 229 249 237 247 257

758 Oilseed, Sunflowerseed 888 864 1,066 991 1,116

85 Other 85 90 97 90 90

2,733 Total 2,479 2,332 2,554 2,923 2,823

none

Imports none

60 Meal, Fish 53 53 48 51 56

54 Meal, Rapeseed 58 25 93 83 55

2,907 Meal, Soybean 3,843 3,691 4,143 4,355 4,375

528 Other 746 850 831 1,040 1,140

3,549 Total 4,700 4,619 5,115 5,529 5,626

none

Imports none

2,329 Oil, Palm 2,006 2,172 2,365 2,337 2,480

13 Oil, Rapeseed 4 4 4 3 4

696 Oil, Soybean 473 382 858 581 538

554 Oil, Sunflowerseed 942 421 759 1,055 1,195

38 Other 56 63 65 55 58

3,630 Total 3,481 3,042 4,051 4,031 4,275

none

Domestic Consumption none

62 Meal, Fish 58 54 53 56 61

295 Meal, Rapeseed 268 257 382 297 327

5,030 Meal, Soybean 5,714 5,859 5,807 5,895 6,034

1,707 Other 1,737 1,892 1,932 2,300 2,401

7,094 Total 7,777 8,062 8,174 8,548 8,823

none

Domestic Consumption none

1,753 Oil, Palm 1,764 1,815 1,808 1,866 1,904

129 Oil, Rapeseed 126 118 141 97 134

1,104 Oil, Soybean 1,009 953 1,050 1,024 1,014

1,003 Oil, Sunflowerseed 1,179 1,103 1,279 1,487 1,537

500 Other 525 513 543 571 574

4,489 Total 4,603 4,502 4,821 5,045 5,163

none

Industrial Dom. Cons. none

144 Oil, Palm 145 150 153 150 150

35 Oil, Rapeseed 33 33 35 20 23

66 Oil, Soybean 55 62 64 64 65

22 Oil, Sunflowerseed 22 22 26 25 25

50 Other 42 54 63 51 51

317 Total 297 321 341 310 314

none

Food Use Dom. Cons. none

1,609 Oil, Palm 1,619 1,665 1,655 1,716 1,754

94 Oil, Rapeseed 93 85 106 77 111

1,018 Oil, Soybean 937 870 966 942 932

959 Oil, Sunflowerseed 1,135 1,060 1,233 1,440 1,490

450 Other 483 459 480 520 523

4,130 Total 4,267 4,139 4,440 4,695 4,810

none

SME none

90 Meal, Fish 84 78 77 81 88

210 Meal, Rapeseed 191 183 272 211 233

5,030 Meal, Soybean 5,714 5,859 5,807 5,895 6,034

1,507 Other 1,556 1,710 1,746 2,077 2,176

6,837 Total 7,544 7,830 7,901 8,265 8,531

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

May 2012

Page 28: China Drives New Crop U.S. Soybean Salesdownloads.usda.library.cornell.edu/.../sj1392303/oilseed-trade-05-10-2012.pdfTable 02: Major Protein Meals: World Supply and Distribution (Commodity

Table 26: European Union (27): Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2007/08 2008/09 2009/10 2010/11 2011/12

May

2012/13

none

Production none

18,358 Oilseed, Rapeseed 19,000 21,551 20,760 19,128 18,000

723 Oilseed, Soybean 639 836 1,042 1,117 1,100

4,799 Oilseed, Sunflowerseed 7,125 6,912 6,919 8,215 8,100

566 Other 451 350 396 551 517

24,446 Total 27,215 29,649 29,117 29,011 27,717

none

Imports none

487 Meal, Fish 562 429 354 450 450

107 Meal, Rapeseed 171 134 224 230 200

24,449 Meal, Soybean 20,993 20,728 21,710 21,900 21,900

3,880 Other 5,019 4,003 4,561 4,832 4,982

28,923 Total 26,745 25,294 26,849 27,412 27,532

none

Imports none

4,963 Oil, Palm 5,505 5,438 4,639 5,300 5,500

296 Oil, Rapeseed 454 441 488 600 500

1,036 Oil, Soybean 794 550 907 530 500

1,187 Oil, Sunflowerseed 1,035 938 768 1,230 1,500

1,551 Other 1,475 1,554 1,350 1,514 1,533

9,033 Total 9,263 8,921 8,152 9,174 9,533

none

Domestic Consumption none

850 Meal, Fish 820 750 633 725 725

10,411 Meal, Rapeseed 11,759 12,922 12,757 12,288 12,056

35,169 Meal, Soybean 31,579 30,138 30,722 30,454 30,200

6,495 Other 8,065 7,554 7,817 8,435 8,959

52,925 Total 52,223 51,364 51,929 51,902 51,940

none

Domestic Consumption none

4,717 Oil, Palm 5,221 5,213 4,813 5,100 5,220

7,574 Oil, Rapeseed 8,679 9,925 9,590 9,242 9,045

3,402 Oil, Soybean 2,739 2,407 2,737 2,330 2,166

2,976 Oil, Sunflowerseed 3,165 3,453 3,482 3,833 4,083

3,589 Other 3,435 3,422 3,448 3,488 3,489

22,258 Total 23,239 24,420 24,070 23,993 24,003

none

Industrial Dom. Cons. none

1,777 Oil, Palm 2,210 2,183 2,090 2,230 2,350

4,919 Oil, Rapeseed 5,931 7,190 6,905 7,000 6,930

1,592 Oil, Soybean 1,085 1,030 1,420 1,060 1,000

270 Oil, Sunflowerseed 270 300 220 300 330

552 Other 460 444 493 488 480

9,110 Total 9,956 11,147 11,128 11,078 11,090

none

Food Use Dom. Cons. none

2,720 Oil, Palm 2,750 2,750 2,500 2,600 2,600

2,650 Oil, Rapeseed 2,743 2,730 2,680 2,237 2,110

1,710 Oil, Soybean 1,564 1,287 1,227 1,200 1,116

2,704 Oil, Sunflowerseed 2,893 3,150 3,259 3,530 3,750

3,011 Other 2,949 2,952 2,929 2,979 2,987

12,795 Total 12,899 12,869 12,595 12,546 12,563

none

SME none

1,228 Meal, Fish 1,185 1,084 915 1,048 1,048

7,407 Meal, Rapeseed 8,367 9,194 9,077 8,743 8,578

35,169 Meal, Soybean 31,579 30,138 30,722 30,454 30,200

4,745 Other 6,124 5,970 6,102 6,603 7,075

48,550 Total 47,255 46,386 46,815 46,848 46,901

EU-27 includes Austria, Belgium, Bulgaria, 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.

May 2012

Page 29: China Drives New Crop U.S. Soybean Salesdownloads.usda.library.cornell.edu/.../sj1392303/oilseed-trade-05-10-2012.pdfTable 02: Major Protein Meals: World Supply and Distribution (Commodity

Table 27: China Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2007/08 2008/09 2009/10 2010/11 2011/12

May

2012/13

none

Production none

13,027 Oilseed, Peanut 14,286 14,708 15,644 16,000 16,000

10,573 Oilseed, Rapeseed 12,100 13,657 13,100 13,000 13,000

13,400 Oilseed, Soybean 15,540 14,980 15,100 13,500 13,100

1,250 Oilseed, Sunflowerseed 1,790 1,956 2,300 2,150 2,150

14,500 Other 14,400 12,540 11,953 13,130 11,950

52,750 Total 58,116 57,841 58,097 57,780 56,200

none

Imports none

1,351 Meal, Fish 1,311 1,042 1,212 1,300 1,300

302 Meal, Rapeseed 260 993 1,413 900 800

203 Meal, Soybean 215 83 294 150 150

101 Other 24 40 60 13 10

1,957 Total 1,810 2,158 2,979 2,363 2,260

none

Imports none

5,223 Oil, Palm 6,118 5,760 5,711 6,300 6,500

6 Oil, Peanut 20 47 68 60 70

277 Oil, Rapeseed 453 785 647 700 800

2,727 Oil, Soybean 2,494 1,514 1,319 1,200 1,300

2 Oil, Sunflowerseed 125 169 23 200 250

523 Other 563 726 618 580 610

8,758 Total 9,773 9,001 8,386 9,040 9,530

none

Domestic Consumption none

1,646 Meal, Fish 1,618 1,258 1,431 1,515 1,515

7,069 Meal, Rapeseed 8,317 10,022 10,317 10,481 10,162

30,849 Meal, Soybean 31,673 37,546 43,382 46,457 49,863

7,691 Other 7,952 7,606 7,751 8,082 8,041

47,255 Total 49,560 56,432 62,881 66,535 69,581

none

Domestic Consumption none

5,222 Oil, Palm 5,618 5,930 5,797 6,190 6,400

2,016 Oil, Peanut 2,184 2,227 2,432 2,563 2,594

4,139 Oil, Rapeseed 4,853 5,641 5,965 5,975 6,140

9,693 Oil, Soybean 9,486 10,435 11,109 11,676 12,511

129 Oil, Sunflowerseed 439 493 362 545 597

2,144 Other 2,158 2,188 2,026 2,053 2,054

23,343 Total 24,738 26,914 27,691 29,002 30,296

none

Food Use Dom. Cons. none

3,222 Oil, Palm 3,568 3,880 3,717 4,040 4,200

2,016 Oil, Peanut 2,184 2,227 2,432 2,563 2,594

4,139 Oil, Rapeseed 4,853 5,641 5,965 5,975 6,140

9,693 Oil, Soybean 9,486 10,435 11,109 11,676 12,511

129 Oil, Sunflowerseed 439 493 362 545 597

1,775 Other 1,707 1,750 1,605 1,603 1,604

20,974 Total 22,237 24,426 25,190 26,402 27,646

none

SME none

2,378 Meal, Fish 2,338 1,818 2,068 2,189 2,189

5,030 Meal, Rapeseed 5,918 7,131 7,341 7,457 7,230

30,849 Meal, Soybean 31,673 37,546 43,382 46,457 49,863

7,097 Other 7,382 7,115 7,306 7,624 7,605

45,354 Total 47,310 53,610 60,096 63,727 66,887

SME - 44 Percent Protein Soybean Meal Equivalent

May 2012

Page 30: China Drives New Crop U.S. Soybean Salesdownloads.usda.library.cornell.edu/.../sj1392303/oilseed-trade-05-10-2012.pdfTable 02: Major Protein Meals: World Supply and Distribution (Commodity

Table 28: India Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2007/08 2008/09 2009/10 2010/11 2011/12

May

2012/13

none

Production none

10,400 Oilseed, Cottonseed 9,600 9,800 10,800 11,300 10,600

6,800 Oilseed, Peanut 6,250 4,900 5,850 5,500 5,800

5,450 Oilseed, Rapeseed 6,700 6,400 7,100 6,500 6,700

9,470 Oilseed, Soybean 9,100 9,700 9,800 11,000 11,400

1,120 Oilseed, Sunflowerseed 1,000 820 475 470 490

713 Other 749 749 749 749 749

33,953 Total 33,399 32,369 34,774 35,519 35,739

none

Imports none

0 Oil, Cottonseed 5 9 0 0 0

5,013 Oil, Palm 6,867 6,603 6,661 7,250 7,700

0 Oil, Peanut 0 0 0 0 0

0 Oil, Rapeseed 42 18 5 50 5

733 Oil, Soybean 1,060 1,598 945 800 770

18 Oil, Sunflowerseed 583 611 776 900 1,100

143 Other 231 238 197 205 200

5,907 Total 8,788 9,077 8,584 9,205 9,775

none

Domestic Consumption none

3,473 Meal, Cottonseed 3,373 3,424 3,745 3,935 3,885

1,843 Meal, Peanut 1,777 1,326 1,539 1,560 1,605

1,970 Meal, Rapeseed 2,475 2,500 2,750 2,570 2,680

1,450 Meal, Soybean 1,975 2,706 3,000 3,380 3,800

481 Meal, Sunflowerseed 424 349 178 204 213

274 Other 310 331 320 318 315

9,491 Total 10,334 10,636 11,532 11,967 12,498

none

Domestic Consumption none

1,054 Oil, Cottonseed 1,038 1,060 1,116 1,216 1,221

5,075 Oil, Palm 6,230 6,440 7,080 7,500 7,950

1,582 Oil, Peanut 1,455 1,320 1,325 1,365 1,435

1,967 Oil, Rapeseed 2,099 2,076 2,300 2,375 2,450

2,330 Oil, Soybean 2,300 2,775 2,600 2,645 2,650

398 Oil, Sunflowerseed 731 910 927 1,080 1,277

583 Other 655 678 667 653 653

12,989 Total 14,508 15,259 16,015 16,834 17,636

none

Food Use Dom. Cons. none

1,021 Oil, Cottonseed 1,000 1,021 1,075 1,175 1,180

4,850 Oil, Palm 6,000 6,200 6,820 7,200 7,650

1,567 Oil, Peanut 1,440 1,305 1,310 1,355 1,425

1,967 Oil, Rapeseed 2,099 2,076 2,300 2,375 2,450

2,330 Oil, Soybean 2,300 2,775 2,600 2,645 2,650

398 Oil, Sunflowerseed 731 910 927 1,080 1,277

257 Other 325 334 320 308 308

12,390 Total 13,895 14,621 15,352 16,138 16,940

none

SME none

2,814 Meal, Cottonseed 2,733 2,774 3,035 3,189 3,148

2,072 Meal, Peanut 1,997 1,490 1,730 1,753 1,804

1,402 Meal, Rapeseed 1,761 1,779 1,957 1,829 1,907

1,450 Meal, Soybean 1,975 2,706 3,000 3,380 3,800

454 Meal, Sunflowerseed 400 330 168 193 201

123 Other 139 148 143 142 141

8,315 Total 9,006 9,227 10,032 10,485 11,001

SME - 44 Percent Protein Soybean Meal Equivalent

May 2012

Page 31: China Drives New Crop U.S. Soybean Salesdownloads.usda.library.cornell.edu/.../sj1392303/oilseed-trade-05-10-2012.pdfTable 02: Major Protein Meals: World Supply and Distribution (Commodity

Year Rapeseed Copra

Beg U.S. U.S. Brz Arg Rott U.S. Rott U.S. Rott Hamb Rott

Oct 1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/

Oct - Sep Average00/01-09/10 265 272 286 285 327 443 1053 321 368 341 448

2000/01 167 169 180 175 200 582 888 167 219 202 2082001/02 170 174 183 179 203 389 700 238 287 220 2452002/03 209 232 217 221 267 415 963 265 286 285 2872003/04 291 294 277 285 323 425 976 282 321 317 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 1,209 342 452 419 613

2010/11 Oct 375 411 471 468 493 472 1,395 459 634 540 947 Nov 408 452 486 492 526 492 1,495 421 693 583 1013 Dec 426 472 501 513 547 529 1,520 454 689 656 1154 Jan 426 499 529 544 572 505 1,580 483 716 693 1354 Feb 467 499 526 532 570 507 1,580 604 714 666 1503 Mar 467 488 506 512 553 516 1,646 631 684 663 1280 Apr 481 492 502 506 556 511 1,770 637 684 701 1421 May 485 493 499 489 556 505 1,894 655 693 670 1419 Jun 485 498 508 511 558 511 1,923 642 663 670 1186 Jul 485 502 529 526 559 527 2,068 668 615 658 1121 Aug 492 499 533 527 558 511 2,275 710 594 639 985 Sep 448 482 508 513 543 511 2,360 725 555 628 867 Average 454 482 508 511 549 508 1,792 591 661 647 1188

2011/12 Oct 430 435 464 475 503 624 2,400 653 524 607 804 Nov 430 423 452 457 486 730 2,738 639 545 596 980 Dec 423 413 449 448 474 679 2,800 653 545 578 968 Jan 437 435 468 468 498 741 2,800 633 540 594 965 Feb 448 456 487 482 512 725 2,800 653 577 618 945 Mar 478 490 521 512 543 767 2,800 628 589 628 888 *Apr 507 523 555 546 575 772 2,800 628 620 657 903 May Jun Jul Aug Sep Average 450 454 485 484 513 720 2,734 641 563 611 922

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

* Preliminary 5/10/2012 8:11:19 AM

3/ Rio Grande, Brazil FOB; Safras & Mercado or FOB Paranagua Reuters 4/ Argentina FOB Up River; Reuters 5/ Rotterdam CIF; U.S.; 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; Wall Street Journal.

May 2012

Page 32: China Drives New Crop U.S. Soybean Salesdownloads.usda.library.cornell.edu/.../sj1392303/oilseed-trade-05-10-2012.pdfTable 02: Major Protein Meals: World Supply and Distribution (Commodity

Year Fish

Beg U.S. Brz Arg Hamb U.S. Rott Hamb

Oct 1 1/ 2/ 3/ 4/ 6/ 7/ 8/

Oct - Sep Average00/01-09/10 255 228 206 282 124 160 916

2000/01 191 187 168 188 100 118 4592001/02 180 174 157 174 95 110 5922002/03 200 163 152 197 101 106 5982003/04 282 211 188 273 122 149 6492004/05 202 172 157 231 94 120 6652005/06 192 176 158 215 85 122 1,0602006/07 226 199 181 276 116 178 1,2202007/08 370 337 299 469 191 298 1,1462008/09 365 333 290 401 168 178 1,1032009/10 343 327 311 391 167 222 1,668

2010/11 Oct 355 380 382 417 210 295 1,710 Nov 377 404 405 428 233 275 1,609 Dec 388 403 407 436 240 271 1,520 Jan 406 401 417 454 227 275 1,631 Feb 395 408 410 447 231 278 1,793 Mar 381 384 384 423 231 270 1,796 Apr 370 372 373 406 216 244 1,776 May 377 367 367 403 224 218 1,621 Jun 383 361 366 395 265 243 1,547 Jul 382 373 374 405 266 236 1,490 Aug 385 376 378 402 272 217 1,435 Sep 371 362 368 396 291 225 1,353 Average 381 383 386 418 242 254 1,607

2011/12 Oct 332 343 346 378 256 226 1,359 Nov 320 325 326 357 247 N/A 1,339 Dec 310 321 318 347 249 216 1,309 Jan 342 349 351 371 246 209 1,307 Feb 364 376 365 385 212 219 1,292 Mar 403 399 396 426 212 235 1,300 *Apr 435 438 435 471 233 271 1,383 May Jun Jul Aug Sep Average 358 364 362 391 236 229 1,327

1/ Decatur, Average Wholsale 48% Protein; USDA. 2/ Rio Grande, Brazil FOB; Bulk Rate45-46% Protein; Reuters. 3/ Argentina Pellets, FOB Up River; Reuters4/ Hanburg FOB Ex-Mill; Oil World. 5/ Memphis FOB; 41% Protein Solvent Extraction; USDA6/ Minneapolis FOB; 32% Protein; USDA. 7/ Rotterdam CIF; Argentina Pellet 37-38%;Oil World. 8/ Bremen (Hamburg prior to Mar 2006) 64-65% Protein; Oil World.9/ Hamburg FOB; Ex-Mill 34% Protein; Oil World.* Preliminary

256

256287326

5/10/2012 8:11:19 AM

243222227234

263251254278

266278280287

289289310290

298195

284

221

178131129184

243235209248

250

Rapeseed

Hamb

9/

174

141129139

265

381302

282265

304339345378

271285283265

281

248259265

159166280

244

146161202137

U.S.

5/

193

158

Table 30: Protein Meal Prices U.S. Dollars per Metric Ton

Soybean SunseedCottonseed

May 2012

Page 33: China Drives New Crop U.S. Soybean Salesdownloads.usda.library.cornell.edu/.../sj1392303/oilseed-trade-05-10-2012.pdfTable 02: Major Protein Meals: World Supply and Distribution (Commodity

Year Cottonseed Palm Canola Coconut Corn

Begin 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 Average00/01-09/10 618 612 607 688 764 975 789 1,236 1,156 541 757 678 696

2000/01 311 295 295 336 352 350 428 768 685 235 372 323 2992001/02 363 376 376 412 396 513 587 716 659 329 451 388 4222002/03 486 489 491 534 832 731 592 1,034 1,139 421 588 449 6212003/04 661 567 542 633 688 738 663 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 1,291 793 927 921 866

2010/11 Oct 970 1,040 1,039 1,157 1,041 1,235 1,284 1,574 1,331 997 1,156 1,412 1,047 Nov 1,050 1,130 1,141 1,247 1,119 1,389 1,441 1,656 1,728 1,107 1,249 1,512 1,046 Dec 1,136 1,208 1,215 1,322 1,190 1,387 1,454 1,717 1,753 1,196 1,396 1,715 1,206 Jan 1,187 1,269 1,273 1,374 1,233 1,634 1,492 1,765 1,788 1,256 1,447 2,038 1,277 Feb 1,195 1,280 1,277 1,365 1,251 1,888 1,456 1,756 1,730 1,282 1,402 2,256 1,398 Mar 1,192 1,232 1,218 1,307 1,224 2,133 1,389 1,709 1,650 1,196 1,414 1,925 1,493 Apr 1,249 1,229 1,218 1,315 1,272 2,231 1,405 1,735 1,680 1,167 1,450 2,089 1,519 May 1,237 1,210 1,203 1,294 1,236 2,287 1,411 1,826 NA 1,199 1,412 2,097 1,506 Jun 1,228 1,226 1,236 1,324 1,218 2,276 1,461 1,731 1,980 1,123 1,410 1,803 1,470 Jul 1,216 1,242 1,250 1,337 1,207 2,138 1,433 1,941 2,120 1,123 1,391 1,662 1,367 Aug 1,199 1,243 1,245 1,330 1,207 2,094 1,327 2,107 N/A 1,133 1,363 1,454 1,367 Sep 1,215 1,210 1,220 1,305 1,220 2,090 1,299 2,150 N/A 1066 1,315 1,305 1278 Average 1,173 1,210 1,211 1,306 1202 1,899 1,404 1,806 1,751 1,154 1,367 1,772 1,331

2011/12 Oct 1,140 1,118 1,129 1,220 1,137 2,039 1,212 2,138 N/A 970 1,275 1,208 1,196 Nov 1,134 1,124 1,136 1,217 1,113 2,006 1,248 2,177 2,225 1,034 1,290 1,479 1,190 Dec 1,106 1,100 1,111 1,204 1,127 2,006 1,190 2,119 N/A 1,053 1,252 1,445 1,176 Jan 1,124 1,112 1,133 1,218 1,151 1,957 1,208 2,112 N/A 1,056 1,257 1,451 1,190 Feb 1,154 1,169 1,175 1,255 1,203 1,896 1,249 2,094 N/A 1,070 1,295 1,411 1,240 Mar 1,178 1,180 1,190 1,287 1,233 1,808 1,266 2,130 N/A 1,126 1,292 1,338 1,308 *Apr 1,212 1,241 1,245 1,310 1,254 1,742 1,324 2,257 N/A 1,166 1,305 1,348 1,339 May Jun Jul Aug Sep Average 1150 1149 1160 1244 1174 1,922 1,242 2,147 2,225 1,068 1,281 1,383 1,2341/ Decatur; Average Wholesale Tank Crude; USDA. 2/ Brazil FOB; Bulk Rate; Reuters. 3/ Argentina FOB;Oilworld or Reuters 4/ Dutch FOB; Ex-Mill; Oil World. 5/ Valley Points FOB. Tank Cars Crude; 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. 14/ Decatur; Crude; AMS * Preliminary

Table 31: Vegetable Oil Prices U.S. Dollars per Metric Ton

5/10/2012 8:11:19 AM

Soybean Sunseed Peanut

May 2012