OIL CROPS OUTLOOK                                            July 13, 1998
July 1998, OCS-0498
             Approved by the World Agricultural Outlook Board
---------------------------------------------------------------------------
OIL CROPS OUTLOOK is issued six times a year by the Economic Research 
Service, U.S. Department of Agriculture, Washington, DC 20036-5831. 
Electronic release only; no printed copies are available.   
---------------------------------------------------------------------------

Growth in 1998/99 World Soybean Supplies To Overwhelm Consumption

U.S. farmers planted a record high 72.7 million acres of soybeans
in 1998.  Data from USDA's Acreage report indicated plantings
were 0.7 million acres higher than March intentions and 1.9
million acres above last year.  Farmers in Illinois, North and
South Dakota, and Missouri added most of the increase in soybeans
from March intentions by planting less corn, spring wheat, and
barley.  Louisiana, Tennessee, Ohio, and Nebraska producers
planted fewer soybeans than intended.  Larger winter wheat
acreage permitted soybean double cropping to expand in Missouri,
Kentucky, and Arkansas.  But a net decline in U.S. double-cropped
soybeans occurred as less winter wheat, poor soil moisture, and
weaker prices discouraged the practice in other States. 

Timely May plantings followed by a warm, wet June have advanced
soybean progress, setting the stage for good yields.  As of July
5, 59 percent of soybeans were rated in good to excellent
condition, compared to 68 percent a year ago.  Hot and dry
weather is hurting yield potential in the Delta and Southeast
regions, but most of the Nation's soybeans head into the summer
reproductive stage supplied with ample soil moisture.  In fact,
some drying would be welcome in parts of the eastern Corn Belt
after recent heavy rainstorms.  U.S. soybean production is
expected to reach 2,830 million bushels, more than 100 million
bushels above last year's record harvest.

Despite very low crushing margins, U.S. processors continue to
battle for world soybean meal and oil markets.  U.S. crushers
have set a record monthly crush every month so far in 1997/98. 
The usual seasonal decline has begun and processors' soybean
stocks have sharply declined.  But, the still strong pace
warranted an increase in the 1997/98 crush forecast to 1,580
million bushels.  Greater competitor supplies will make it
difficult to repeat the same rate of growth in 1998/99, however,
which USDA projected at 1,600 million bushels.  

The recent Grain Stocks report indicated a lower than expected
June 1 soybean inventory of 593 million bushels.  Based on these
stocks and year-to-date crush and trade data, the current
estimate for the 1997/98 residual was raised to 107 million
bushels.  Year ending stocks are now forecast at 215 million
bushels, down from 240 million last month.  Soybean farm prices
were forecast slightly higher this month to $4.85-$5.85 per
bushel based on the smaller carryin forecast that will help
support prices next fall.  Nonetheless, soybean prices will be
much lower (compared to $6.45 per bushel in 1997/98) after bumper
harvests from the United States, Brazil, and Argentina.

Lower prices are anticipated to support the volume of U.S.
soybean trade next year.  U.S. 1998/99 soybean exports are
projected to reach 875 million bushels, down slightly from the
revised 1997/98 forecast of 880 million.  Greater foreign
competition will scale back projected U.S. exports of soybean
meal from 9.05 million short tons in 1997/98 to 8.6 million.  The
considerably lower total value of these exports will be felt at
the farm level.  U.S. soybean farm income in 1998/99 may be cut
about $2.5 billion from this season's record earnings.

Prices this season for soybean meal have been a bargain for
livestock producers, averaging about $185 per short ton.  Yet,
the price range for 1998/99 will be even less at $143-$157 per
short ton. Summer and fall farrowing intentions indicate that the
expansion in hog production will continue, although at a more
moderate pace than in 1997/98.  Domestic disappearance of soybean
meal for 1998/99 is forecast nearly 1 million short tons higher
from 28.4 million this year.

South American farmers will consider this lower price environment
when making planting decisions later this year.  They will likely
suspend the great expansion in soybean area they have made since
the early 1990s.  While declining transportation costs should
maintain Brazilian soybean area near this year's level, Argentine
producers may raise more sunflowers instead.  Soybean yields
(beneficiaries of the generous rains that fell in early 1998) are
also expected to moderate from current peaks.  Brazilian 1999
soybean output is projected to decline to 29.5 million metric
tons from this year's 30.7 million.  Next year's Argentine crop,
projected at 15.0 million tons, should be much exceeded by the
recently completed 1998 harvest, which was estimated higher again
this month to 17.9 million tons.  Export growth for both
countries in 1998/99 will moderate.  Argentina will continue to
emphasize crushing and meal and oil exports at the expense of
soybean exports.

Recent rains in India have created excellent soil moisture
conditions for planting soybeans.  Indian 1998/99 soybean output
is expected to increase to 5.2 million tons.  If the quality
problems of 1997/98 don't return, Indian soybean meal exports are
projected to increase to 2.85 million tons in 1998/99.

Competition with other commodities and market inefficiencies
continue to stifle price incentives for an increase in China's
soybean area.  Policies discouraging provincial trade make it
less costly for southern crushers to import from abroad than to
obtain lower-quality soybeans from northern producers, who raise
the bulk of China's output.  Misallocation of supplies and a lack
of proper storage also create excessive waste in China.  Early
growing conditions in the northeastern provinces have been
reported better than average this year.  Nonetheless, another
decline in soybean area is projected to drop China's harvest from
14.7 million tons in 1997 to 14.0 million in 1998.  China will
need to import an estimated 6.9 million tons of soybean meal
equivalent in 1997/98 to meet domestic demand.  Imports are
expected to grow to 7.6 million tons next year, although the gain
is less than in recent years.  The absence of quantitative import
restrictions and a low tariff have aided this trend.

Global trade for soybeans is projected down 3 percent in 1998/99,
while soybean meal trade is up 4 percent.  Western European
crushers will face poor crushing margins for soybeans in 1998/99. 
Soybean oil needs will be minimized by crushing larger domestic
supplies of rapeseed and sunflowerseed.  Abundant feed wheat
supplies and vigorous competition from U.S. and South American
crushers will make soybean meal imports relatively more
attractive than soybean imports.

Prices Encourage Greater Rapeseed and Sunflowerseed Production

Global protein meal supplies will be overly abundant next year,
but vegetable oil supplies will still be comparatively tight.  A
situation like this favors production of high oil content
oilseeds, such as rapeseed and sunflowerseed.  Global rapeseed
production in 1998/99 is projected to rise to 36.1 million tons,
up 6 percent from 1997/98.  This figure includes U.S. production,
as U.S. farmers have also discovered the advantages of raising
canola and have planted a record high 1.1 million acres this
year.

Very tight rapeseed stocks have encouraged EU farmers to expand
plantings this year.  Record area is expected in France, Germany,
and the United Kingdom.  Growing weather has been generally
favorable throughout Europe except in the Balkan nations.  Based
on larger area and normal yields, EU rapeseed production is
projected to increase from 8.6 million tons last year to 9.5
million in 1998.

After the first winter in 3 years without substantial winterkill,
1998 rapeseed yields in Poland are expected to rebound strongly. 
Poland's production is forecast one-third higher than 1997 to 0.9
million tons.  Domestic shortages forced Polish mills to import
around 0.3 million tons of rapeseed over the last several years,
so the better crop will reverse that trend.

Expected relative returns this spring have favored greater
Canadian oilseed plantings and reduced wheat and barley area. 
Canadian harvested rapeseed area in 1998 is estimated at 5.4
million hectares, which would rank second only to the record
1994/95 season.  Despite wider adoption of herbicide-tolerant
varieties that have aided Canadian yields in recent years,
weather events are likely to hold yields in check.  While
planting and emergence were ahead of normal, a late spring frost
required reseeding in some Prairie regions.  In Saskatchewan and
Alberta, topsoil moisture became quite short in June but has
since improved.  Nationwide production will probably be
relatively large at 7.0 million tons.  A modest growth in crush
should somewhat ease 1998/99 Canadian ending stocks of seed from
the very tight 1997/98 carryover.  Canadian rapeseed exports may
also moderate with stiff competition from Australian rapeseed and
Japan's economic recession.

Similarly, 1998/99 grains area dropped in Australia to the
benefit of oilseeds.  The popularity of rapeseed continues to
grow among Australian farmers, who have planted almost 50 percent
more of the crop than last year.  Although it is still early in
the growing season, moisture conditions have improved from the
very dry 1997/98 season.  Another record harvest, near 1.4
million tons, is anticipated in 1998.  Rapeseed would surpass
cottonseed for the first time as the largest source of Australian
oilseeds.  Given larger supplies and a weaker currency, Australia
will be able to expand its export market share for seed and
rapeseed oil, particularly to Japan and China.

Cold and wet weather has cut the 1998 Chinese rapeseed harvest to
8.3 million tons, down from 9.5 million in 1997.  In March, frost
in the main producing provinces caused extensive damage during
the vulnerable blooming phase.  Heavy rains in May exacerbated
the damage.  Imports of seed and oil from Europe, Canada, and
Australia will increase to cover the shortfall.

Tighter balances of sunflowerseed this year is urging producers
around the world to raise 1998/99 production to a projected 25.9
million tons.  Farmers in the United States have expanded
sunflower plantings to 3.4 million acres, 0.5 million more than
in 1997 and 0.3 million above March intentions.  After a decline
in world sunflowerseed trade this year, the outlook for 1998/99
is for a small increase.

Sunflower plantings in Russia and the Ukraine were also up
sharply this year.  Rising finance costs have rationed inputs and
soils have become drier, but are expected to be adequate to
produce 3.0 million and 2.4 million tons in Russia and the
Ukraine, respectively.  Similarly, higher area and yields are
anticipated in Hungary, Romania, Yugoslavia, and Bulgaria. 
Turkey's 1998 sunflowerseed crop should be little changed from a
year ago as higher plantings are offset by a return to trend
yields.  Turkey, which has considerably more crushing capacity
than domestic oilseed production, will continue to crush seed
imported largely from Russia and the Ukraine.  Turkey returns
much of the oil produced to Russia and the Ukraine, as well as
many Middle Eastern countries.  Greater competition from rapeseed
will lower EU sunflowerseed plantings (except in Spain) and trim
1998/99 production.  Favorable weather is expected to produce a
bumper Spanish sunflowerseed harvest of 1.4 million tons.

Late this year, the relative strength of vegetable oil prices
will encourage Argentine producers to substitute sunflower
acreage for grains and soybeans.  Argentine sunseed area is
forecast at 3.5 million hectares for a harvest of 6.0 million
tons.

Larger area and improved yields are projected to increase 1998/99
global peanut production to 27.7 million tons.  This forecast is
based on modest increases in China and India, the leading world
producers.  Last year's drought will encourage Chinese farmers to
increase plantings, raising expected production to 9.8 million
tons.  In Gujarat, the major peanut growing region of western
India, abundant rainfall ahead of the monsoon has provided a good
start to the growing season.  Indian 1998/99 peanut production is
projected at 8.3 million tons, up from 8.0 million in 1997/98. 
U.S. production is currently forecast at 3,755 million pounds. 
Despite irrigation on many peanut farms, yield potential has
deteriorated from a serious southern drought.  As of July 5, only
37 percent of U.S. peanuts were in good to excellent condition,
compared to 72 percent last year at this time.

Global cottonseed production has been stagnant for several years
and is not expected to change much again in 1998/99.  Total
output is forecast to slip from 34.3 million tons this year to
34.0 million tons.  Production gains in India, Pakistan, and the
New Independent States of the former Soviet Union will be offset
by lower yields in China and the United States.  A sharp decline
in U.S. output to 5.2 million tons would price some cottonseed
out of feed and oil markets, cutting crush and product demand. 
Global cottonseed stocks will tighten as world crush is forecast
2 percent higher to 26.6 million tons.

Vegetable Oil Suppliers Still Struggle To Meet Demand 

Global edible oil production is projected 2.5 million tons higher
in 1998/99 to 79.8 million tons.  The source of this gain will be
evenly distributed among the various oils.  Such growth is an
improvement over 1997/98, but global consumption is forecast to
rise 2.7 million tons to 79.9 million.  World ending stocks of
vegetable oils would tighten further, keeping prices firm.  

By virtue of a much larger crop, Argentina will experience the
greatest improvement in 1998/99 soybean oil exports.  Larger
soybean supplies and robust world oil demand will edge U.S.
soybean crush and oil production to new peaks.  However, U.S.
soybean oil exports for 1998/99, at 2,850 million pounds, are
projected only 50 million pounds higher than the current year
forecast.  U.S. soybean oil prices in 1998/99 are expected to
average 26.0-28.0 cents per pound, compared to the 1997/98
average of 26.25 cents.  Prospects for larger soybean crops and
an accumulation of soybean oil stocks pressured oil prices in
June down to 25.8 cents per pound.

USDA projects an increase in Chinese vegetable oil imports to 4.5
million tons, which includes 2.2 million tons of soybean oil and
1.6 million tons of palm oil.  However, excluding China, there
will be few other markets where soybean oil trade is expected to
gain in the coming year.

Rains have returned to Malaysian and Indonesian palm plantations,
but it will take months to see the benefits.  Larger area and
increased tree maturity are largely responsible for a modest
projected increase in world production, from 17.4 million tons in
1997/98 to 17.8 million in 1998/99.  World palm oil trade will
grow slowly from 10.9 million to 11.1 million tons.  Similarly,
the drought will have lasting effects on 1998/99 world production
of coconut oil, which is projected down 1 percent to 3.4 million
tons.

The next release of the Oil Crops Outlook is scheduled for 4:00
p.m. ET Thursday August 13, 1998.  This report is also available
electronically at the ERS website http://www.econ.ag.gov

Information Contacts:

Mark Ash        Soybeans, minor oilseeds, oils                 
(202) 694-5289
Scott Sanford   Cottonseed, peanuts                            
(202) 694-5309


Table 1--Soybeans:  U.S. supply and disappearance
------------------------------------------------------------------------------
                   Supply                          Disappearance 
        -------------------------------- ------------------------------------
Year                                                      Seed,  
begin.     Beg.   Im-   Produc-  Total     Crush   Ex-    feed,  Total   End.
Sept. 1  stocks  ports   tion                    ports  residual        stocks
------------------------------------------------------------------------------
         -------------------------- Million bushels---------------------------

1996/97    183    9    2,382    2,575     1,436    882    125    2,443    132
1997/98 2/ 132    6    2,727    2,865     1,580    880    188    2,648    215
1998/99 2/ 215    6    2,830    3,050     1,600    875    140    2,615    435
------------------------------------------------------------------------------
1/ Estimated.  2/ Forecast.


Table 2--Soybean meal:  U.S. supply and disappearance
------------------------------------------------------------------------------
                     Supply                           Disappearance 
        --------------------------------  ------------------------------------
Year 
begin.      Beg.   Im-   Produc-   Total    Domestic   Ex-     Total    End.
Oct. 1    stocks  ports   tion                        ports           stocks
------------------------------------------------------------------------------

         ---------------------------1,000 short tons--------------------------

1996/97     212   102    34,209    34,523     27,322   6,994   34,316    210
1997/98 2/  210    60    37,445    37,715     28,400   9,050   37,450    265
1998/99 2/  265    50    37,910    38,225     29,375   8,600   37,975    250
------------------------------------------------------------------------------
1/ Estimated.  2/ Forecast.


Table 3--Soybean oil:  U.S. supply and disappearance
------------------------------------------------------------------------------
                     Supply                         Disappearance 
           -----------------------------     --------------------------------
Year 
begin.       Beg.   Im-  Produc-   Total     Domestic  Ex-     Total     End.
Oct. 1     stocks  ports  tion                        ports            stocks
------------------------------------------------------------------------------

         -------------------------- Million pounds---------------------------

1996/97     2,015   53   15,743   17,811     14,247   2,045   16,291   1,520
1997/98 2/  1,520   55   17,785   19,360     15,100   2,800   17,900   1,460
1998/99 2/  1,460   60   18,000   19,520     15,250   2,850   18,100   1,420
------------------------------------------------------------------------------
1/ Estimated.  2/ Forecast.


Table 4--Cottonseed:  U.S. supply and disappearance
------------------------------------------------------------------------------
                   Supply                          Disappearance 
        -------------------------------- ------------------------------------
Year                                                             
begin.     Beg.   Im-   Produc-  Total     Crush   Ex-   Other   Total   End.
Sept. 1  stocks  ports   tion                     ports                 stocks
------------------------------------------------------------------------------
         -------------------------- 1,000 Short tons--------------------------

1996/97     517   20    7,144    7,681     3,860    116   3,182   7,158    523
1997/98 2/  523   20    6,935    7,477     3,850    140   3,012   7,002    475
1998/99 2/  475   50    5,700    6,225     3,400     25   2,650   6,075    150
------------------------------------------------------------------------------
1/ Estimated.  2/ Forecast.


Table 5--Cottonseed meal:  U.S. supply and disappearance
------------------------------------------------------------------------------
                     Supply                           Disappearance 
        --------------------------------  ------------------------------------
Year 
begin.      Beg.   Im-   Produc-   Total    Domestic   Ex-     Total   End.
Oct. 1    stocks  ports   tion                        ports           stocks
------------------------------------------------------------------------------

         -------------------------1,000 Short tons---------------------------

1996/97      51     4     1,752     1,807     1,649     132    1,781     26
1997/98 2/   26     0     1,750     1,776     1,615     125    1,740     36
1998/99 2/   36     0     1,530     1,566     1,485      50    1,535     31
------------------------------------------------------------------------------
1/ Estimated.  2/ Forecast.


Table 6--Cottonseed oil:  U.S. supply and disappearance
------------------------------------------------------------------------------
                     Supply                         Disappearance 
           -----------------------------     --------------------------------
Year 
begin.       Beg.   Im-  Produc-   Total     Domestic  Ex-     Total     End.
Oct. 1     stocks  ports  tion                        ports            stocks
------------------------------------------------------------------------------

         -------------------------- Million pounds---------------------------

1996/97        94   0.3   1,216    1,310      1,012     232    1,244      66
1997/98 2/     66   0.3   1,220    1,287        990     215    1,205      82
1998/99 2/     82   0.3   1,090    1,172        945     170    1,115      57
------------------------------------------------------------------------------
1/ Estimated.  2/ Forecast.


Table 7--Peanuts:  U.S. supply and disappearance
------------------------------------------------------------------------------
                     Supply                         Disappearance 
           -------------------------  ----------------------------------------
Year 
begin.     Beg.   Im-  Produc- Total  Domest. Crush Seed&  Ex-  Total     End.
Oct. 1     stocks ports tion          Food         resid. ports         stocks
------------------------------------------------------------------------------

         -------------------------- Million pounds---------------------------

1996/97       758  127  3,661  4,545   2,029   692   363  666    3,751     795
1997/98 2/    795  139  3,537  4,470   2,120   576   314  700    3,710     760
1998/99 2/    760  152  3,755  4,667   2,160   717   315  700    3,892     775
------------------------------------------------------------------------------
1/ Estimated.  2/ Forecast.


Table 8--Oilseeds prices received by farmers, U.S.
--------------------------------------------------------
Marketing      Soy-  Cotton-  Sun- 
 year         beans   seed   flowers  Peanuts  Flaxseed
--------------------------------------------------------
              $/bu.   $/ton   $/cwt   Cents/lb. $/bu.

1991/92        5.58   71.00     8.69    28.30   3.52
1992/93        5.56   97.50     9.74    30.00   4.12
1993/94        6.40  113.00    12.90    30.40   4.25
1994/95        5.48  101.00    10.70    28.90   4.63
1995/96        6.72  106.00    11.50    29.30   5.19
1996/97        7.35  126.00    11.70    28.10   6.37
1997/981       6.45  120.00    11.35    26.40   5.80

1996/97
September      7.79  129.00    12.00    27.70   5.89
October        6.94  123.00    11.70    25.80   6.49
November       6.90  117.00    11.90    25.00   6.50
December       6.91  136.00    11.60    25.60   6.79
January        7.13  132.00    11.80    24.30   6.42
February       7.38  128.00    12.20     NA     6.30
March          7.97   NA       12.20     NA     6.66
April          8.23   NA       12.40     NA     6.49
May            8.40   NA       12.10     NA     6.50
June           8.16   NA       11.90     NA     5.99
July           7.52   NA       10.70     NA     6.07
August         7.25  112.00    10.70     NA     5.53

1997/98
September      6.72  113.00    11.30    27.10   5.72
October        6.50  119.00    10.60    25.40   5.81
November       6.85  124.00    11.00    23.60   5.71
December       6.71  122.00    11.00    26.90   5.72
January        6.69  122.00    11.10    28.40   5.86
February       6.57  108.00    11.90     NA     6.27
March          6.40   NA       12.00     NA     6.24
April          6.26   NA       12.60     NA     6.22
May            6.26   NA       13.80     NA     6.34
June 1/        6.01   NA       14.30     NA     6.29
--------------------------------------------------------
1/ Preliminary.  NA = Not available.


Table 9--Vegetable oil prices
-----------------------------------------------------
                      Cotton- Sun-       
Marketing    Soybean  seed    flower  Peanut  Corn  
 year        oil /2   oil 3/  oil 4/  oil 5/  oil 6/ 
-----------------------------------------------------
                     Cents/lb.

1991/92       19.10    22.83   21.63  27.30  25.82 
1992/93       21.40    30.07   25.37  27.40  20.90 
1993/94       27.00    30.30   31.08  43.20  26.38 
1994/95       27.51    29.23   28.10  44.30  26.47 
1995/96       24.70    26.53   25.40  40.30  25.24 
1996/97       22.50    25.58   22.64  43.70  24.05 
1997/1981     27.25    30.00   27.50  52.25  28.80
                                                   
1996/97
October       21.95    24.55   22.80  41.50  22.67
November      21.80    24.28   22.50  39.20  22.96
December      21.60    24.29   22.30  40.75  22.27
January       22.45    25.21   22.65  43.50  23.39
February      22.41    25.44   23.07  43.88  23.97
March         23.29    26.18   22.70  44.75  24.38
April         23.17    25.10   23.50  45.00  24.60
May           23.68    25.19   23.21  46.20  24.66
June          22.97    25.01   22.33  47.88  24.82
July          21.89    26.53   21.73  48.06  25.34
August        22.06    27.11   22.02  48.00  25.36
September     22.88    28.03   22.90  47.25  25.15

1997/98
October       24.31    28.47   24.51  49.63  25.20
November      25.73    29.11   26.41  51.00  26.25
December      25.08    26.78   26.36  51.25  26.28
January       25.09    27.69   25.75  51.60  26.04
February      26.51    29.37   25.91  51.00  27.31
March         27.09    30.46   26.51  51.00  28.50
April         28.10    32.47   28.50  50.00  30.93
May           28.28    33.13   31.06  47.20  33.20
June 1/       25.83    30.02   28.40  45.50  32.82
------------------------------------------------------
1/ Preliminary 2/ Decatur 3/ PBSY Greenwood MS
4/ Minneapolis 5/ Southeast mills 6/ Chicago


Table 10--Oilseed meal prices
---------------------------------------------------
            Soy-    Cotton   Sun-           
Marketing   bean    seed     flower  Peanut  Linseed
 year       meal 2/ meal 3/  meal 4/ meal 5/ meal 4/
---------------------------------------------------
                        $/Short ton
1991/92     189.20  140.50   76.80  154.50  125.25
1992/93     193.75  161.78   89.00  172.90  133.60
1993/94     192.86  164.30   94.00  194.91  139.55
1994/95     162.55  112.02   62.70  128.94   95.85
1995/96     235.90  190.74  123.75  202.70  159.00
1996/97     262.00  192.00  110.60  232.00  158.75
1997/981    185.00  142.00   68.00  145.00   110.00

1996/97
October     248.50  183.25  116.00  170.00  167.50
November    251.50  196.60  105.00  146.13  168.30
December    250.60  224.50  113.35  172.67  170.00
January     249.20  207.20  125.00  221.00  165.00
February    262.40  183.75  137.50  228.13  156.25
March       280.50  189.10  121.70  225.00  163.30
April       288.60  197.25  124.00  233.75  168.00
May         306.40  193.75  120.00  222.00  188.30
June        287.90  188.44  106.25  235.00  171.25
July        273.60  170.75   84.00  220.00  124.00
August      273.30  176.25   85.00  213.00  126.25
September   278.30  192.00   89.20  210.00  136.70

1997/98
October     229.30  189.10   96.90  210.00  140.60
November    245.30  189.10   88.10  210.00  161.25
December    222.50  190.50  100.00  210.00  150.50
January     202.85  153.10   90.00  210.00  130.00
February    192.75  139.10   75.87  210.00  121.25
March       174.20  128.70   72.60  210.00  116.25
April       162.50  116.25   64.90  210.00  102.50
May         160.00  105.00   66.90  210.00   96.25
June 1/     168.55  129.40   88.35  210.00  100.00
-----------------------------------------------------------------------
1/ Preliminary 2/ Hi-pro Decatur 3/ 41% Memphis 4/ Minneapolis 5/ 50% SE mills

END_OF_FILE