ISSN: 1554-9089 

# World Agricultural Supply

and Demand Estimates

Office of the
Chief Economist Agricultural Marketing Service Farm Service Agency Economic Research Service Foreign Agricultural Service



### WASDE - 546 Approved by the Worl d Agricultural Outlook Board October 9, 2015



### WHEAT: Projected U.S. ending stocks for 2015/16 are lowered 14 million bushels as decreased production more than offsets a decline in total use. Production for 2015/16 is lowered 84 million bushels based on the latest estimate from the NASS September 30 Small Grains 2015 Summary . Feed and residual use is lowered 20 million bushels reflecting the September 1 stocks that indicated lower-than-expected June-A ugust disappearance. Exports are lowered 50

million bushels to 850 million on a slow sales pace to date and continued lack of U.S. price competitiveness, particularly compared to Black Sea Countries and EU. The projected range for the 2015/16 U.S. season-average farm price is nar rowed 10 cents on both the high and low ends to $4.75 to $5.25 per bushel.

Global wheat supplies for 2015/16 are raised 2.0 million tons, on both increased production and beginning stocks. The biggest production increases are 1.0 million tons each for Australia and Canada, and 1.1 million tons for EU. The Canada and EU increases are based on government reports and harvest progress. Australia had sufficient sub-soil moisture that allowed it to withstand a drier-than-normal September; increas ed yield potential is supported by satellite imagery. The United States had the largest production decline. The global wheat crop is now projected at 732.8 million tons, the third consecutive record.

World wheat exports for 2015/16 are raised 3.0 million tons with increases for several key U.S. competitors. Ukraine is raised 1.5 million tons on a larger crop. Canada exports are raised 1.0 million tons, and Australia, the EU, Kazakhstan, and Russia are each raised 0.5 million tons. These increases are based on larger supplies and expor t pace to date. Partly offsetting is a 1.4 million ton reduction for the United States and a 0.5 million ton decline for Argentina. Imports are

raised 1.0 million tons in Iran on the elimination of an import duty and 0.5 million tons in Syria because of distribution problems. Total world usage is up fractionally, and ending stocks are

raised 1.9 million tons to a record 228.5 million tons.

COARSE GRAINS: Projected 2015/16 U.S. feed grain production is down slightly this month with a small reduction for corn partly offset by in creases for barley and oats. Corn production is

forecast 30 million bushels lower with harvested area lowered 437,000 acres. Partly offsetting is a 0.5-bushel-per acre increase in the national average corn yield to 168.0 bushels per acre. Estimated 2015/16 beginning stocks, from the September 30 Grain Stocks report, are nearly unchanged from last month’s projection. Small revisions to food, seed, and industrial use and trade, based on the latest data, boost 2014/15 feed and residual use 17 million bushels.

Projected U.S. corn usage for 2015/16 is unchanged this month. Ending stocks are projected 31 million bushels lower to 1,561 million. The 20 15/16 season-average corn price received by producers is projected 5 cents higher on both ends to $3.50 to $4.10 per bushel.

Global coarse grain supplies for 2015/16 are proj ected 8.3 million tons lower mostly on reduced foreign corn beginning stocks and production. Global corn beginning stocks are lowered 1.2 million tons, reflecting higher 2014/15 EU corn feeding and exports and Ukraine exports. GlobalWASDE-546-2



### corn production for 2015/ 16 is lowered 5.5 million tons with reductions for Ukraine, Argentina, India, Philippines, and several Sub-Saharan African countries more than offsetting an increase for Brazil. Brazil corn production is also raised for 2014/15. Global 2015/16 production is lowered for rye, millet, sorghum, and barley. Rye production is lowered for EU. Millet and sorghum production are lowered for a number of Sub-Saharan African countries. Barley production is lowered for Russia, but mostly offset by increases for EU, Canada, and Australia. Mixed grain production is also raised for EU, leaving EU coarse grain production higher on the

month.

Global 2015/16 coarse grain co nsumption is lowered 6.4 million tons with a 4.8-million-ton reduction in corn usage and smaller cuts in rye, millet, and sorghum consumption. Much of the decline in coarse grain consumpt ion is for those Sub-Saharan African counties with lower output this month; however, reductions are also made for corn consumption in Saudi Arabia, EU, Ukraine, and Philippines, and rye consumption in EU. Corn trade for 2015/16 is lowered with a reduction in Saudi Arabia imports. Corn exports are lowered for Ukraine and Argentina but
raised for Brazil. Globa l 2015/16 corn ending stocks are projecte d 1.9 million tons lower at 187.8 million, 8.2 million lo wer than in 2014/15.

RICE: U.S. all rice production in 2015/16 is forecast at 187.8 million cwt, down 1.7 million from last month with the decline entirely due to lower yield. The average all rice yield is forecast at 7,307 pounds per acre, down 67 pounds from last month, and the lowest since 2011/12. Yields are lowered for California, Louisiana, Mississippi, and Texas; increased for Missouri; and unchanged for Arkansas. All rice harvested area is unchanged at 2.57 milli on acres. Long-grain and combined medium- and short-grain rice production are both lowered from last month, with long-grain production projected at 130.3 million cwt and combi ned medium- and short-grain production at 57.5 million. The all rice import foreca st is unchanged at 25.5 million cwt. All rice domestic and residual use is unchanged at 125.0 million cwt. All rice exports are unchanged at 97.0 million cwt with long-grain exports projecte d at 64.0 million and medium- and short-grain exports at 33 million. All rice ending stocks are projected at 39.8 million cwt, down 1.7 million
from last month with lo ng-grain stocks at 21.8 million, an d medium- and short-grain at 16.1

million.

The 2015/16 long-grain season-average farm price range is projected at $12.80 to $13.80 per cwt, unchanged from last month. The medium- and short-grain farm price range is projected at $17.30 to $18.30 per cwt, down 20 cents per cwt on each end of the range. The California medium- and short-grain rice price at a midpoint of $21.00 per cwt is unchanged from last month. The Other States medium- and short-grain rice price at a midpoint of $14.00 per cwt is lowered 50 cents per cwt. The all rice season-average farm price is forecast at $14.20 to $15.20 per cwt, unchanged from a month ago.

Projected global 2015/16 rice ending stocks are reduced on lower supplies. World ending stocks

at 88.3 million tons are down 1.9 million from last month and the lowest since 2007/08. Stocks have dropped 22.5 million tons or 20 percent since 2012/13. The global stocks- to-use ratio at 18.1 percent is the smallest sinc e 2006/07. Global rice production is projected at 474.0 million tons, down 1.7 million from last month, primarily due to smaller crops forecast for India and Thailand. Thailand’s crop is lowered 1.6 m illion tons, or 9 percent, due to drought and low irrigation supplies in the lower northern region and central plains, as both area harvested and yield are lowered. India’s crop is lowered 0.5 milli on tons to 103.5 million due to a 2 percent drop in area harvested. Global 2015/16 rice consumption is projected at a record 487.5 million tons, up slightly from a month ago. Ending stocks for 2015/16 are lowered for China, India, Pakistan, Thailand, and the United States, partially offset with an increase for Philippines.WASDE-546-3



### OILSEEDS: U.S. oilseed production for 2015/16 is projected at 115.3 million tons, down 0.8 million from last month. Soybean production is forecast at 3,88 8 million bushels, do wn 47 million with higher yields only partly offsetting reduced harvested area. The soybean yield is forecast at 47.2 bushels per acre, up 0.1 bushels from the September forecast. Harvested area is reduced

1.1 million acres to 82.4 million . Soybean supplies for 2015/16 are projected 66 million bushels below last month with lower beginning stocks and production. Sunflowerseed and canola production are forcast higher on higher yields and harvested area.

U.S. soybean exports for 2015/16 are reduced 50 million bushels to 1,675 million on the slow pace of sales and increa sed competitor supplies. Soybean crush is projec ted at 1,880 million, up 10 million on higher domestic soybean meal disappearance, which is raised in line with an
increase for 2014 /15. Soybean ending stoc ks for 2015/16 are projecte d at 425 million bushels, down 25 million. The soybean price is projected at $8.40 to $9.90, unchanged from last month. Soybean meal and soybean oil price projections ar e also unchanged at $310 to $350 per short ton and 27.5 to 30.5 cents per pound, respectively.

Soybean balance sheet changes for 2014/15 include lower planted and harvested area, lower yield, production, and ending stocks from the September 30 Grain Stocks report. Exports are increased based on final trade data for the marketing year. Soybean crush is raised based on
data from the October 1 Fats and Oils: Oilseed Crushings, Production, Consumption and Stocks report published by NASS.

Global oilseed production for 2015/ 16 is projected at 531.0 million tons, up 3.9 million from last month on higher soybean, rapeseed, sunflower, and peanut production. Global soybean production is projected at a record 320.5 million tons, up 0.9 million with higher Brazil production only partly offset by lower projections for the United States, India, and Ukraine. Brazil soybean production is projected at a record 100.0 million tons on higher ar ea. A sharp declin e in the value
of the Brazilian real recent months is expected to lead to increased area despite lower international soybean prices this year. Soybean crops in Ukraine and India are reduced on lower projected yields. Rapeseed prod uction for Canada is projected at 14.3 million tons, up 1.0

million based on higher yields reported in t he most recent survey from Statistics Canada. Global sunflowerseed production is raised on higher estimates for Argentina and Ukraine. Global cottonseed production is projected lower with reductions for China and Pakistan only partly offset

an increase for Brazil.

Global oilseed stocks for 2015/16 are projected at 96.3 million tons, up 1.4 million mainly on higher rapeseed stocks in Canada and China, and higher sunflowerseed stocks in Argentina and Ukraine. Global soybean stocks are raised marginal ly as higher stocks for Brazil are only partly offset by reductions for the United States, Argentina, and India.

SUGAR: Total imports for 2014/15 are increased by 42,721 short tons, raw value (STRV) to
3.544 million based on Se ptember data from U.S. Customs. Imports from Mexico are increased by 79,000 STRV for a 2 014/15 total of 1.530 milli on STRV. This estima te, if realized, would exceed by about 4,000 STRV, the export limit imposed by the Countervail Duty (CVD) Suspension Agreement. Other 2014/15 import changes are: an increase in re-export imports by 9,492 STRV; imports under tariff-rate quotas (TRQs) decreased by 44,895 and high-tier tariff imports decreased by 610. Exports are increased by 15,000 STRV to 180,000 based on pace to date. Deliveries for human consumption are incr eased by 60,000 STRV to 11.935 million based on large imports of refined sugar for direct consumption, mostly from Mexico. Although classified as deliveries for human consumption, analysis of individual sourcing components and of import data strongly imply an estimated 90,000 STRV of the imported sugar is not being immediately consumed but is being held for delivery in the 2015 /16 marketing year by entities not required toWASDE-546-4



### report to USDA. Ending stocks are estimated at 1.697 million ST RV, implying an ending stocksto-use ratio of 13.9 percent.

Total 2015/16 U.S. production is forecast at 8. 760 million STRV, a 26,000 increase from last month. Beet sugar for the 2015/16 August-July crop year is fore cast at 5.243 million STRV, an increase of 41,000 based on NASS-reported im proved sugarbeet yield and processor-reported sucrose levels of 17.95 percent. All of the increa se is projected to occur in the 2015/16 fiscal year, implying production at 5.075 million. Cane sugar production in Hawa ii is reduced 15,000 STRV to 165,000 based on processor’s forecasts. Imports are projected up 3,694 STRV based on minor changes amongst TRQ suppliers. As a result of refined sugar from non-reporting entities imported in 2014/15 but likely held for marketing at a later time, deliveries for human consumption are reduced by the estimated 90,000 STRV to 11.785 million. The 2015/16 ending stocks are forecast at 1.736 million STRV, implyi ng an ending stocks-to-use ratio of 14.3 percent.

Mexico 2014/15 imports are increased by 10,912 metric tons (MT) for more refined sugar imported from the United States for the IMMEX sugar-containing products export program. Exports for 2014/15 to the United States are increased by 67,611 MT to 1. 309 million based on USDA estimated imports from Mexi co. Exports to other destinations are reduced by 18,525 MT to 131,475 based on reporting by Comite Nacional Para El Desarr ollo Sustentable de la Caña de

Azucar (CONADESUCA). Because there are no changes in supply or use for 2015/16, ending stocks fall by the same 38,174 MT for both 2014/15 and 2015/16. The stocks-to-consumption ratios of 17.2 percent in 2014/15 and 17.0 percent in 2015/16 are below the historical average of 22 percent.

LIVESTOCK, POULTRY, AND DAIRY: The forecasts for total meat production in 2015 and 2016 are increased from last month. Beef production fo r 2015 is raised on larger forecast slaughter of fed cattle in the second half of 2015 and heavier carcass weights. The forecast for 2016 is raised as cattle slaughter and carcass weights in the first half are proj ected higher than last month. The pork production forecasts for both 2015 and 2016 are raised. The pace of hog slaughter in the remainder of 2015 is expected to be higher. USDA’s Quarterly Hogs and Pigs estimated less of a decline in sows farrowing during June-August than indicated in prior intentions and farrowing intentions into early 2016 support an increase in forecast pork production for 2016. Broiler production is raised for 2015 as a larger third quarter level more than offsets a reduction for the fourth quarter, but the forecast for 2016 is reduced as broiler producers have slowed the pace of egg sets. Turkey production for 2015 is lowered based on third-quarter production data; subsequent quart ers through 2016 are unchanged. Egg production for 2015 is raised on higher third quarter hatching egg production. Production forecasts for 2016 are unchanged.

Beef imports are unchanged for 2015 and 2016. Beef exports for 2015 and 2016 are lowered as demand is projected to remain relatively weak. Pork export forecasts are unchanged, but a small increase is made to third-quar ter 2015 imports based on recent trade data. Broiler exports are reduced from last month as slow global demand is expected to continue for in the remainder of the year and into 2016.

Cattle prices for 2015 and 2016 ar e reduced from last month on cu rrent large supplies of marketready cattle, weaker demand and competition from relatively large supplies of competing meats. Hog prices are raised for both 2015 and 2016 as demand has firmed. Broiler prices are lowered for both 2015 and 2016 on relatively large broiler meat supplies. Turkey prices are raised for 2015 on current price strength, but the forecast for 2016 is unchanged from last month. Egg prices for 2015 are lowered reflecting recent price declines, but the forecast for 2016 is unchanged.WASDE-546-5



### Milk production forecasts for 2015 and 2016 are unchanged from last month. Fat-basis imports

are increased as domestic demand continues to support higher imports of cheese and butter. Exports are reduced for 2015 on weaker cheese sales, but are unchanged for 2016. Skim-solids imports are reduced for 2015 and 2016, while exports are reduced for 2015 and unchanged for 2016. Large world supplies of dairy products, a strong dollar, and generally weak global demand are expected to continue to pressure exports during 2015 and 2016.

Although butter prices have declined sharply from recent high levels, domestic demand for butter is expected to support relatively high butter prices during 2016. The butter price for 2015 is unchanged at the midpoint, and is raised for 2016. Cheese prices are raised for 2015 and 2016 on support from domestic demand. Nonfat dry mi lk (NDM) prices are forecast higher in 2015 and 2016 reflecting a rebound in both domestic and in ternational prices. Whey prices are lowered for both 2015 and 2016 as supplies are large. Class III prices are raised for 2015, but lowered for 2016 as the decline in whey prices more than of fsets higher cheese prices . Class IV prices are raised for both 2015 and 2016 due to higher butter and NDM prices. The all milk price is raised to $16.90 to $17.00 per cwt for 2015, but lowered to $16.05 to $16.95 per cwt for 2016.

COTTON: The 2015/16 U.S. cotton forecasts include marginally lower production and ending stocks relative to last month, with prices r educed sharply. Production is lowered 90,000 bales. Domestic mill use and exports are unchanged. Ending stocks are now projected at 3.1 million bales, or 22 percent of total use. The marketi ng year average price received by producers is projected to range from 54 to 64 cents per pound. The mid-point of 59 cents per pound is reduced 3 cents from last month, as relatively weak global demand for yarn and lower prices for polyester are pressuring world cotton prices.

The 2015/16 world cotton forecasts show higher beginning stocks, lower production and consumption, and higher ending stocks relative to last month. Beginning stocks are raised about 900,000 bales, due mainly to a reduction in China’s 2014/15 consumption, which reflects indications of net cotton textile exports that are lower than previously expected. Production for 2015/16 is reduced for China, Pakistan, and Braz il, but is raised for Mali. Consumption is reduced mainly in China, Pakistan, and India. With world trade virtually unchanged from last month, global stocks are now projected at 107 million bales.

Approved by the Secretary of Agriculture and the Chairman of the World Agricultural Outlook Board, Seth D. Meyer, (202) 720-6030. This report was prepared by the Interagency Commodity Estimates
Committees.



### APPROVED BY:



### ROBERT C. JOHANSSON

SECRETARY OF AGRICULTURE DESIGNATEWASDE-546-6



# INTERAGENCY COMMODIT Y ESTIMATES COMMITTEES

Note: The World Agricultural Outlook Board reviews and approves the World Agricultural Supply and

Demand Estimates (WASDE) report. The Board’s analysts chair the Interagency Commodity

Estimates Committees (ICECs) that prepare the monthly report.



### Wheat: William Chambers, ICEC Chair, WAOB, E-mail : wchambers@oce.usda.gov Gary Vocke, ERS; Te resa McKeivier, FAS; Tom Tice, FSA.

Rice: Andrew C. Aaronson , ICEC Chair, WAOB, E-mail : aaaronson@oce.usda.gov Nathan Childs, ERS; Yoonhee Mack e, FAS; Mark Simone, FSA.

Feed Grains: Jerry Norton, ICEC Chair, WAOB, E-mail : jnorton@oce.usda.gov Thomas Capehart, ERS; Richard O’Me ara, FAS; Pete Riley, FSA.

Oilseeds: Keith Menzie, ICEC Chair, WAOB, E-mail : kmenzie@oce.usda.gov Mark Ash, ERS; Bill Geor ge, FAS; Phil Sronce, FSA.

Cotton: Carol Skelly, ICEC Chair, WAOB, E-mail : cskelly@oce.usda.gov Darryl Earnest, AMS; Leslie Me yer, ERS; James Johnson, FAS; Tiffany Arthur, FSA.

Sugar: Stephen Haley, ICEC Chair, WAOB, E-mail : shaley@oce.usda.gov Michael McConnell, ERS; Ron Lor d, FAS; Barbar a Fecso, FSA.

Meat Animals: Shayle Shagam, ICEC Chair, WAOB, E-mail : sshagam@oce.usda.gov Sherry Wise, AMS; Kenneth Mathews, ERS; Claire Mezoughem, FAS; Dale Leuck, FSA.

Poultry: Shayle Shagam, ICEC Chair, WAOB, E-mail : sshagam@oce.usda.gov Larry Haller, AMS; Davi d Harvey, ERS; Claire Mezoughem, FAS; Milton Madison, FSA.

Dairy: Shayle Shagam, ICEC Chair, WAOB, E-mail : sshagam@oce.usda.gov Uthra Raghunathan, AMS; Jerry Cessna, ERS; Paul Kiendl , FAS; Milton Madison, FSA.

In 2015, the WASDE report will be released on Nov. 10, Dec. 9.

In 2016, The WASDE report will be released on Jan. 12, Feb. 9, Mar. 9, Apr. 12, May. 10, Jun. 10, Jul. 12, Aug. 12, Sep. 12, Oct. 12, Nov. 9, Dec. 9.WASDE-546-7



# T A B L E OF C O N T E N T S

Page

Highlights ............................................................................................................... 1

Interagency Commodity Estimates Committees ..................................................... 6

World & U.S. Supply & Use for Grains ................................................................... 8

World & U.S. Supply & Use for Cotton ................................................................... 9

World & U.S. Supply & Use for Oilseeds .............................................................. 10

U.S. Wheat Supply & Use .................................................................................... 11

U.S. Wheat Supply & Use by Class ..................................................................... 11

U.S. Feed Grain & Corn Supply & Use ................................................................ 12

U.S. Sorghum, Barley & Oats Supply & Use ........................................................ 13

U.S. Rice Supply & Use ....................................................................................... 14

U.S. Soybeans & Products Supply & Use ............................................................ 15

U.S. Sugar Supply & Use ..................................................................................... 16

Mexico Sugar Supply and Use ............................................................................. 16

U.S. Cotton Supply & Use .................................................................................... 17

World Wheat Supply & Use .................................................................................. 18
World Coarse Grains Supply & Use ..................................................................... 20

World Corn Supply & Use .................................................................................... 22

World Rice Supply & Use ..................................................................................... 24

World Cotton Supply & Use ................................................................................. 26

World Soybean Supply & Use .............................................................................. 28

World Soybean Meal Supply & Use ..................................................................... 29

World Soybean Oil Supply & Use......................................................................... 30

U.S. Quarterly Animal Product Production ........................................................... 31

U.S. Quarterly Prices for Animal Products ........................................................... 31

U.S. Meats Supply and Use ................................................................................. 32

U.S. Egg Supply & Use ........................................................................................ 33

U.S. Milk Supply and Use .................................................................................... 33

U.S. Dairy Prices ................................................................................................. 34

Reliability Tables ................................................................................................. 35

Related USDA Reports ........................................................................................ 38

Metric Conversion Factors ................................................................................... 38

Electronic Access and Subscriptions ....................................................................... 40

### October 2015

WASDE - 546 - 8

World and U.S Supply and Use for Grains 1/

Million Metric Tons

World Outpu t Total Supply Trade 2 / Total

Use 3 / Ending

Stocks

Total Grains 4/ 2013/14 2474.62 2931.35 372.10 2417.91 513.44

2014/15 (Est.) 2501.72 3015.16 384.56 2470.07 545.09

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 2481.69 3027.24 366.78 2485.70 541.54
2015/16 (Proj.) Oct 2474.05 3019.15 367.84 2479.47 539.68

fille r fille r fille r fille r fille r Wheat 2013/14 715.11 892.27 165.90 698.50 193.77

2014/15 (Est.) 725.49 919.27 164.50 707.16 212.11

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 731.61 942.92 157.58 716.36 226.56
2015/16 (Proj.) Oct 732.79 944.90 160.58 716.41 228.49

fille r fille r fille r fille r fille r Coarse Grains 5/ 2013/14 1281.12 1449.92 164.45 1237.85 212.07

2014/15 (Est.) 1297.42 1509.49 177.27 1278.29 231.20

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 1274.32 1506.74 167.54 1281.92 224.83
2015/16 (Proj.) Oct 1267.25 1498.44 165.79 1275.55 222.90

fille r fille r fille r fille r fille r Rice, milled 2013/14 478.39 589.16 41.74 481.56 107.60

2014/15 (Est.) 478.81 586.41 42.79 484.62 101.79

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 475.76 577.58 41.67 487.42 90.16
2015/16 (Proj.) Oct 474.02 575.81 41.47 487.52 88.29

fille r fille r fille r fille r fille r
United States Outpu t Total Supply Trade 2 / Total

Use 3 / Ending

Stocks

Total Grains 4/ 2013/14 431.31 484.21 89.49 343.31 51.40

2014/15 (Est.) 439.45 499.12 83.13 346.99 69.00

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 429.84 506.09 85.85 350.99 69.25
2015/16 (Proj.) Oct 426.94 503.21 84.49 350.32 68.40

fille r fille r fille r fille r fille r Wheat 2013/14 58.11 82.35 32.00 34.29 16.07

2014/15 (Est.) 55.15 75.28 23.25 31.53 20.50

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 58.13 82.02 24.49 33.72 23.81
2015/16 (Proj.) Oct 55.84 79.74 23.13 33.18 23.43

fille r fille r fille r fille r fille r Coarse Grains 5/ 2013/14 367.09 393.85 54.49 305.05 34.31

2014/15 (Est.) 377.23 414.96 56.67 311.34 46.95

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 365.69 415.69 58.28 313.29 44.13
2015/16 (Proj.) Oct 365.14 415.14 58.28 313.16 43.70

fille r fille r fille r fille r fille r Rice, milled 2013/14 6.12 8.01 3.01 3.98 1.03

2014/15 (Est.) 7.07 8.88 3.21 4.12 1.55

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 6.02 8.38 3.08 3.98 1.32
2015/16 (Proj.) Oct 5.96 8.32 3.08 3.98 1.26

fille r fille r fille r fille r fille r 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total use for the United States is equal to domestic consumption only (excludes exports). 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains (for U.S. excludes millet and mixed grains).

### October 2015

WASDE - 546 - 9

World and U.S. Supply and Use for Grains, Continued 1/

Million Metric Tons

Foreign 3/ Outpu t Total Supply Trade 2 / Total

Use Ending

Stocks

Total Grains 4/ 2013/14 2,043.31 2,447.14 282.61 2,074.59 462.04

2014/15 (Est.) 2,062.27 2,516.04 301.44 2,123.08 476.09

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 2,051.85 2,521.15 280.93 2,134.71 472.29
2015/16 (Proj.) Oct 2,047.12 2,515.94 283.35 2,129.15 471.28

fille r fille r fille r fille r fille r Wheat 2013/14 657.01 809.92 133.90 664.21 177.71

2014/15 (Est.) 670.35 843.99 141.25 675.63 191.61

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 673.48 860.90 133.08 682.64 202.75
2015/16 (Proj.) Oct 676.95 865.15 137.44 683.23 205.06

fille r fille r fille r fille r fille r Coarse Grains 5/ 2013/14 914.03 1,056.07 109.97 932.80 177.75

2014/15 (Est.) 920.19 1,094.52 120.60 966.95 184.24

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 908.63 1,091.05 109.26 968.63 180.70
2015/16 (Proj.) Oct 902.11 1,083.30 107.52 962.38 179.20

fille r fille r fille r fille r fille r Rice, milled 2013/14 472.27 581.15 38.74 477.58 106.58

2014/15 (Est.) 471.74 577.53 39.59 480.50 100.24

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 469.74 569.20 38.59 483.44 88.84
2015/16 (Proj.) Oct 468.06 567.49 38.39 483.54 87.03

fille r fille r fille r fille r fille r 1/ Aggregate of local marketing years. 2/ Based on export estimate. See individual commodity tables for treatment of export/import imbalances. 3/ Total foreign is equal to world minus United States. 4/ Wheat, coarse grains, and milled rice. 5/ Corn, sorghum, barley, oats, rye, millet, and mixed grains.



### World and U.S. Supply and Use for Cotton 1/

Million 480-lb. Bales

Outpu t Total Supply Trade 2 / Total

Use 3 / Ending

Stocks

World 2013/14 120.40 212.21 40.84 110.05 102.98

2014/15 (Est.) 118.92 221.90 35.46 110.48 111.79

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 108.74 219.65 34.26 113.44 106.26
2015/16 (Proj.) Oct 107.38 219.18 34.19 112.27 106.97

fille r fille r fille r fille r fille r United States 2013/14 12.91 16.72 10.53 3.55 2.35

2014/15 (Est.) 16.32 18.68 11.25 3.58 3.70

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 13.43 17.14 10.20 3.70 3.20
2015/16 (Proj.) Oct 13.34 17.05 10.20 3.70 3.10

fille r fille r fille r fille r fille r Foreign 4/ 2013/14 107.49 195.49 30.31 106.50 100.63

2014/15 (Est.) 102.61 203.22 24.21 106.90 108.09

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 95.31 202.51 24.06 109.74 103.06
2015/16 (Proj.) Oct 94.05 202.13 23.99 108.57 103.87

fille r fille r fille r fille r fille r 1/ Marketing year beginning August 1. 2/ Based on export estimate. 3/ Includes mill use only. 4/ Total Foreign is equal to world minus United States. See global cotton tables for treatment of export/import imbalances. * Planted area based on March 31 Prospective Plantings. Harvested area based on th e previous 10-year average abandonment by region, with the Southwest estimated at 15 percen t due to favorable moisture. Yield per harveste d acre based on the previous 3-year average by region, with the Southwest ad justed to the 10-year average.

### October 2015

WASDE - 546 - 10

World and U.S. Supply and Use for Oilseeds 1/

(Million Metric Tons)

World Outpu t Total Supply Trade Total

Use 2 / Ending

Stocks

Oilseeds 2013/14 505.98 574.05 133.34 419.25 78.23

2014/15 (Est.) 536.74 614.97 146.36 438.48 91.90

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 527.17 620.09 143.76 444.86 94.88
2015/16 (Proj.) Oct 531.03 622.93 144.42 447.11 96.27

fille r fille r fille r fille r fille r Oilmeals 2013/14 282.35 293.53 82.04 277.12 12.70

2014/15 (Est.) 298.94 311.64 84.89 293.41 14.49

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 304.97 318.60 88.15 302.43 12.78
2015/16 (Proj.) Oct 306.13 320.62 88.10 303.16 13.83

fille r fille r fille r fille r fille r Vegetable Oils 2013/14 171.03 188.76 70.01 166.54 18.69

2014/15 (Est.) 176.01 194.70 74.34 171.16 19.12

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 180.91 199.63 74.97 178.40 17.69
2015/16 (Proj.) Oct 181.66 200.78 75.58 178.17 18.82

fille r fille r fille r fille r fille r United States

Outpu t Tota l Suppl y Trade Tota l

Use 2 / Endin g Stock s

Oilseeds 2013/14 99.02 107.85 45.55 51.46 3.95

2014/15 (Est.) 116.03 121.82 51.14 55.19 6.78

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 116.07 125.03 47.97 54.98 14.05
2015/16 (Proj.) Oct 115.27 123.66 46.58 55.48 13.54

fille r fille r fille r fille r fille r Oilmeals 2013/14 39.39 43.50 10.77 32.43 0.29

2014/15 (Est.) 43.47 47.66 12.23 35.09 0.34

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 42.70 46.81 10.84 35.62 0.35
2015/16 (Proj.) Oct 42.99 47.06 10.84 35.88 0.34

fille r fille r fille r fille r fille r Vegetable Oils 2013/14 10.42 15.60 1.12 13.51 0.98

2014/15 (Est.) 11.00 16.14 1.18 13.83 1.13

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 11.09 16.41 1.17 14.04 1.20
2015/16 (Proj.) Oct 11.23 16.64 1.17 14.15 1.31

fille r fille r fille r fille r fille r Foreign 3/

Output Total Supply Trade Tota l

Use 2 / Ending

Stocks

Oilseeds 2013/14 406.97 466.20 87.79 367.79 74.27

2014/15 (Est.) 420.72 493.15 95.22 383.29 85.12

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 411.10 495.07 95.79 389.88 80.83
2015/16 (Proj.) Oct 415.75 499.26 97.84 391.63 82.73

fille r fille r fille r fille r fille r Oilmeals 2013/14 242.96 250.03 71.27 244.68 12.40

2014/15 (Est.) 255.47 263.97 72.66 258.32 14.15

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 262.27 271.79 77.31 266.82 12.43
2015/16 (Proj.) Oct 263.14 273.56 77.26 267.28 13.49

fille r fille r fille r fille r fille r Vegetable Oils 2013/14 160.60 173.16 68.89 153.03 17.71

2014/15 (Est.) 165.01 178.56 73.16 157.33 17.99

fille r fille r fille r fille r fille r 2015/16 (Proj.) Sep 169.82 183.22 73.80 164.36 16.48
2015/16 (Proj.) Oct 170.43 184.14 74.42 164.02 17.50

fille r fille r fille r fille r fille r 1/ Aggregate of local marketing years with Brazil and Argentina on an Oct.-Sept. year. 2/ Crush only for oilseeds. 3/ Total F oreign is equal to World

minus United States.

### October 2015

WASDE - 546 - 11

U.S. Wheat Supply and Use 1/

2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj.

Sep Oct

M illion Acres

Area Planted 56.2 56.8 56.1 54.6

Area Harvested 45.3 46.4 48.5 47.1

B ushels Yield per Harvested Acre 47.1 43.7 44.1 43.6

M illion Bushels Beginning Stocks 718 590 753 753

Production 2,135 2,026 2,136 2,052 Imports 173 149 125 125 Supply, Total 3,026 2,766 3,014 2,930

Food 955 958 967 967

Seed 77 81 72 72

Feed and Residual 228 120 200 180 Domestic, Total 1,260 1,159 1,239 1,219 Exports 1,176 854 900 850 Use, Total 2,436 2,013 2,139 2,069 Ending Stocks 590 753 875 861 Avg. Farm Price ($/bu) 2/ 6.87 5.99 4.65 - 5.35 4.75 - 5.25



### U.S. Wheat by Class: Supply and Use

Year beginning June 1 Hard Red

Winte r Hard Red Spring Soft Red

Winte r White Durum Total

Millio n Bushel s 2014/15 (Est.) Beginning Stocks 237 169 113 50 22 590

Production 739 556 455 224 54 2,026
Supply, Total 3/ 985 791 581 283 126 2,766

Domestic Use 422 308 294 71 63 1,159

Exports 269 270 133 146 37 854

Use, Total 691 579 427 216 100 2,013
Ending Stocks, Total 295 212 154 67 26 753

2015/16 (Proj.) Beginning Stocks 295 212 154 67 26 753

Production 827 564 359 219 82 2,052
Supply, Total 3/ 1,132 821 533 296 148 2,930

Domestic Use 491 287 256 107 78 1,219

Exports 240 295 135 140 40 850

Use, Total 731 582 391 247 118 2,069
Ending Stocks, Total Oct 401 239 142 49 30 861 Ending Stocks, Total Sep 374 237 171 68 25 875

Note: Totals may not add due to rounding. 1/ Marketing year beginning June 1. 2/ Marketing-year weighted average price received by farmers. 3/ Includes imports.

### October 2015

WASDE - 546 - 12

U.S. Feed Grain and Corn Supply and Use 1/

FEED GRAINS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj.

Sep Oct

M illion Acres

Area Planted 109.9 103.5 104.1 103.7

Area Harvested 98.1 93.1 92.9 92.7

M

etric Tons Yield per Harvested Acre 3.74 4.05 3.93 3.94

M illion Metric Tons Beginning Stocks 23.5 34.3 46.9 46.9

Production 366.9 377.1 365.5 364.8 Imports 3.0 3.2 2.8 2.8 Supply, Total 393.4 414.5 415.2 414.6

Feed and Residual 133.5 139.3 139.6 139.5 Food, Seed & Industrial 171.1 171.6 173.2 173.2 Domestic, Total 304.6 310.9 312.8 312.7 Exports 54.5 56.7 58.3 58.3 Use, Total 359.1 367.6 371.1 371.0 Ending Stocks 34.3 46.9 44.1 43.6

CORN 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj.

Septembe r Octobe r M illion Acres

Area Planted 95.4 90.6 88.9 88.4

Area Harvested 87.5 83.1 81.1 80.7

B ushels Yield per Harvested Acre 158.1 171.0 167.5 168.0

M illion Bushels Beginning Stocks 821 1,232 1,732 1,731

Production 13,829 14,216 13,585 13,555 Imports 36 32 30 30 Supply, Total 14,686 15,479 15,347 15,316

Feed and Residual 5,040 5,317 5,275 5,275 Food, Seed & Industrial 2/ 6,493 6,566 6,630 6,630 Ethanol & by-products 3/ 5,124 5,207 5,250 5,250 Domestic, Total 11,534 11,883 11,905 11,905 Exports 1,920 1,864 1,850 1,850 Use, Total 13,454 13,748 13,755 13,755 Ending Stocks 1,232 1,731 1,592 1,561 Avg. Farm Price ($/bu) 4/ 4.46 3.70 3.45 - 4.05 3.50 - 4.10

Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for corn and sorghum; June 1 for barley and oats. 2/ For a breakout of FSI corn uses, see Feed Outlook table 5 or access th e data on the Web through the Feed Grains Database at www.ers.usda.gov/data-products/feed-grains-database.aspx. 3/ Corn processed in ethanol plants toproduce ethanol and by-products including distillers' grains, corn gluten feed, corn gluten meal, and corn oil. 4/ Marketingyear weighted average pr ice received by farmers.

### October 2015

WASDE - 546 - 13

U.S. Sorghum, Barley, and Oats Supply and Use 1/

SORGHUM 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj.

Sep Oct

M illion Bushels

Filler Fille r Fille r Fille r Fille r Area Planted (mil. acres) 8.1 7.1 8.7 8.7 Area Harvested (mil. acres) 6.6 6.4 7.7 7.6 Yield (bushels/acre) 59.6 67.6 74.9 75.0 Beginning Stocks 15 34 17 18

Production 392 433 574 574 Imports 0000 Supply, Total 408 467 591 592

Feed and Residual 93 80 105 105 Food, Seed & Industrial 70 15 15 15

Total Domestic 162 96 120 120 Exports 211 353 430 430 Use, Total 374 449 550 550 Ending Stocks 34 18 41 42 Avg. Farm Price ($/bu) 2/ 4.28 4.03 3.65 - 4.35 3.65 - 4.35

Filler Fille r Fille r Fille r Fille r BARLEY 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj.

Septembe r Octobe r

Filler Fille r Fille r Fille r Fille r Area Planted (mil. acres) 3.5 3.0 3.4 3.6 Area Harvested (mil. acres) 3.0 2.5 2.9 3.1 Yield (bushels/acre) 71.3 72.7 71.8 68.9 Beginning Stocks 80 82 79 79

Production 217 182 210 214 Imports 19 24 20 20 Supply, Total 316 287 308 313

Feed and Residual 66 43 60 50 Food, Seed & Industrial 153 151 153 153

Total Domestic 219 194 213 203 Exports 14 14 15 15 Use, Total 234 209 228 218 Ending Stocks 82 79 80 95 Avg. Farm Price ($/bu) 2/ 6.06 5.30 4.50 - 5.30 4.65 - 5.45

Filler Fille r Fille r Fille r Fille r OATS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj.

Septembe r Octobe r

Filler Fille r Fille r Fille r Fille r Area Planted (mil. acres) 3.0 2.8 3.1 3.1 Area Harvested (mil. acres) 1.0 1.0 1.2 1.3 Yield (bushels/acre) 64.1 67.9 70.0 70.2 Beginning Stocks 36 25 54 54

Production 65 70 85 90 Imports 97 107 95 95 Supply, Total 198 202 234 238

Feed and Residual 98 70 95 100 Food, Seed & Industrial 73 77 77 77

Total Domestic 172 147 172 177 Exports 2222 Use, Total 173 149 174 179 Ending Stocks 25 54 60 59 Avg. Farm Price ($/bu) 2/ 3.75 3.21 2.10 - 2.60 2.00 - 2.50

Filler Fille r Fille r Fille r Fille r Note: Totals may not add due to rounding. 1/ Marketing year beginning September 1 for sorghum; June 1 for barley and oats. 2/ Marketing-year weighted average price received by farmers.

### October 2015

WASDE - 546 - 14

U.S. Rice Supply and Use 1/
(Rough Equivalent of Rough and Milled Rice)

TOTAL RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj.

Sep Oct

M illion Acres

Area Planted 2.49 2.94 2.61 2.61

Area Harvested 2.47 2.92 2.57 2.57

Filler P ounds Yield per Harvested Acre 7,694 7,572 7,374 7,307

Million Hundredweight Beginning Stocks 2/ 36.4 31.8 48.5 48.5

Production 190.0 221.0 189.5 187.8 Imports 23.1 24.7 25.5 25.5 Supply, Total 249.5 277.5 263.5 261.8

Domestic & Residual 3/ 124.4 128.7 125.0 125.0 Exports, Total 4/ 93.3 100.3 97.0 97.0 Rough 28.0 34.0 33.0 33.0 Milled (rough equiv.) 65.3 66.3 64.0 64.0 Use, Total 217.7 229.0 222.0 222.0 Ending Stocks 31.8 48.5 41.5 39.8 Avg. Milling Yield (%) 5/ 71.00 70.50 70.00 70.00 Avg. Farm Price ($/cwt) 6/ 16.30 13.20 14.20 - 15.20 14.20 - 15.20

Total

LONG-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj.

Septembe r Octobe r Harvested Acres (mil.) 1.77 2.19 Yield (pounds/acre) 7,464 7,408 Beginning Stocks 21.9 16.2 26.5 26.5

Production 131.9 162.4 131.5 130.3 Supply, Total 7/ 173.3 199.7 180.0 178.8

Domestic & Residual 3/ 95.3 102.5 93.0 93.0 Exports 8/ 61.9 70.8 64.0 64.0 Use, Total 157.1 173.2 157.0 157.0 Ending Stocks 16.2 26.5 23.0 21.8 Avg. Farm Price ($/cwt) 6/ 15.40 11.90 12.80 - 13.80 12.80 - 13.80

Filler Fille r Fille r Fille r Fille r MEDIUM & SHORT-GRAIN RICE 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj.

Septembe r Octobe r Harvested Acres (mil.) 0.70 0.73 Yield (pounds/acre) 8,270 8,068 Beginning Stocks 12.2 13.3 20.2 20.2

Production 58.1 58.7 58.0 57.5 Supply, Total 7/ 73.8 75.9 81.7 81.1

Domestic & Residual 3/ 29.1 26.2 32.0 32.0 Exports 8/ 31.4 29.5 33.0 33.0 Use, Total 60.5 55.8 65.0 65.0 Ending Stocks 13.3 20.2 16.7 16.1 Avg. Farm Price ($/cwt) 1/ 6/ 9/ 19.20 17.90 17.50 - 18.50 17.30 - 18.30

California 10/ 20.70 20.40 20.50 - 21.50 20.50 - 21.50

Other States 1/ 15.70 14.60 14.00 - 15.00 13.50 - 14.50

Filler Fille r Fille r Fille r Fille r Note: Totals may not add due to rounding. 1/ Marketing year beginning August 1. 2/ Includes the following quantities of bro ken kernel rice (type undetermined) not included in estimates of beginning stocks by type (in mil. cwt): 2013/14-2.1; 2014/15-2.3; 2015/16-1.9. 3/ Residual include s unreported use, processing losses, and estimating errors. Use by type may not add to total rice use because of the difference in brokens between beginning and en ding stocks. 4/ Includes rough rice and milled rice exports. Milled rice exports are converted to an equivalent rough basis. 5/ Expressed as a percent, i.e., the total quantity of whole kernel and broken rice produced divided by the quantity of rough rice milled. The 2013/14 and 2014/15 milling yield is based on the Farm Service Agency (FSA) warehouse stored loan data for long, medium, and short grain rice. The 2015/16 milling yield is calculated using the previous five-year Olympic average-- 2010/11-2014/15. 6/ Marketing-year weighted average price r eceived by farmers. 7/ Includes imports. 8/ Expor ts by type of rice are estimated. 9 / The medium/short-grain seasonaverage- farm price (SAFP) largely reflects rice that is marketed through price pools in California. The pool price is not fin al until all the rice in the pool is marketed for the crop year. Therefore, SAFP forecasts based on the average of NASS monthly prices and the final price may differ. For example, the average difference between the August WASDE SAFP fo recast and the final price has av eraged $1.65 per cwt from 2008/09 -2013/14, with a high of $3.5 0 per cwt in 2008/09 and a low of $0.60 per cwt in 2009/10. 10/ Marketing year beginning October 1.

### October 2015

WASDE - 546 - 15

U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/

SOYBEANS 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj.

Sep Oc t

Filler Fille r Fille r Fille r Fille r M illion Acres

Area Planted 76.8 83.3 84.3 83.2

Area Harvested 76.3 82.6 83.5 82.4

Filler B ushels Yield per Harvested Acre 44.0 47.5 47.1 47.2

M illion Bushels Beginning Stocks 141 92 210 191

Production 3,358 3,927 3,935 3,888 Imports 72 33 30 30 Supply, Total 3,570 4,052 4,175 4,109 Crushings 1,734 1,875 1,870 1,880 Exports 1,638 1,843 1,725 1,675

Seed 97 97 92 92

Residual 10 46 38 38 Use, Total 3,478 3,861 3,725 3,685 Ending Stocks 92 191 450 425 Avg. Farm Price ($/bu) 2/ 13.00 10.10 8.40 - 9.90 8.40 - 9.90

Total

SOYBEAN OIL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj.

Septembe r Octobe r

Filler Fille r Fille r Fille r Fille r M illion Pounds Beginning Stocks 1,705 1,165 1,565 1,620

Production 4/ 20,130 21,430 21,615 21,735 Imports 165 275 200 225 Supply, Total 22,000 22,870 23,380 23,580 Domestic Disappearance 18,958 19,200 19,600 19,550

Biodiesel 3/ 5,010 5,050 5,200 5,200 Food, Feed & other Industrial 13,948 14,150 14,400 14,350 Exports 1,877 2,050 2,000 2,000 Use, Total 20,835 21,250 21,600 21,550 Ending stocks 1,165 1,620 1,780 2,030 Avg. Price (c/lb) 2/ 38.23 31.60 27.50 - 30.50 27.50 - 30.50

Total

SOYBEAN MEAL 2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj.

Septembe r Octobe r

Filler 1 2 3 4 Thousand Shor t Tons Beginning Stocks 275 250 300 300

Production 4/ 40,685 45,220 44,425 44,625 Imports 383 330 325 325 Supply, Total 41,343 45,800 45,050 45,250 Domestic Disappearance 29,547 32,300 33,100 33,300 Exports 11,546 13,200 11,650 11,650 Use, Total 41,093 45,500 44,750 44,950 Ending Stocks 250 300 300 300 Avg. Price ($/s.t.) 2/ 489.94 368.49 310.00 - 350.00 310.00 - 350.00

Total

Note: Totals may not add due to rounding. Reliability calculations at end of report. 1/ Marketing year beginning September 1 for soybeans; October 1 for soybean oil and soybean meal. 2/ Prices: soybeans, marketing year weighted aver age price received by farmers; oil, simple aver age of crude soybean oil, Decatur; meal, simple average of 48 percent pr otein, Decatur. 3/ Reflects only biodiesel made from methyl ester as reported by the U.S. Energy Information Administration. 4/ Based on an October year cr ush of 1,905 million bushels for 2014/ 15 and 1,880 million bushels f or 2015/16.

### October 2015

WASDE - 546 - 16

U.S. Sugar Supply and Use 1/

2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj.

Sep Oct

Filler Fille r Fille r Fille r Fille r 1,000 Short Tons, R aw Value
Beginning Stocks 2,158 1,810 1,730 1,697

Production 2/ 8,462 8,588 8,734 8,760 Beet Sugar 4,794 4,825 5,034 5,075 Cane Sugar 3,667 3,763 3,700 3,685

Florida 1,763 1,975 1,940 1,940

Hawaii 168 160 180 165

Louisiana 1,591 1,505 1,450 1,450

Texas 145 123 130 130 Imports 3,742 3,544 3,394 3,398 TRQ 3/ 1,302 1,540 1,524 1,528 Other Program 4/ 305 459 315 315

Other 5/ 2,135 1,544 1,555 1,555

Mexico 2,130 1,530 1,540 1,540 Total Supply 14,361 13,941 13,858 13,856

Exports 306 180 200 200

Deliveries 12,246 12,064 12,010 11,920

Food 6/ 11,819 11,935 11,875 11,785

Other 7/ 427 129 135 135

Miscellaneous 0000

Total Use 12,552 12,244 12,210 12,120 Ending Stocks 1,810 1,697 1,648 1,736

Stocks to Use Ratio 14.4 13.9 13.5 14.3

Total

1/ Fiscal years beginning Oct 1. Historical data are from FSA "Sweetener Market Data" (SMD). 2/ Production projections for 2014/15 and 2015/16 are based on Crop Production and processor projections where appropriate. 3/ For 2015/16, WTO raw sugar TRQ shortfall (99). For 2014/15, WTO raw sugar TRQ shortfall (65). 4/ Includes sugar under the re-export and polyhydric alcohol programs. 5/ For 2013/14, other high-tier (5) and other (0). For 2014/15, other high-tier (14) and other (0). For 2015/16, other high-tier (15) and other (0). 6/Combines SMD deliveries for domestic human food use and SMD miscellaneous uses. 7/ Transfers to sugar-containing products for reexport, and for nonedible alcohol, feed, and ethanol.



### Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/

Beginning

Stocks Production Imports Domestic 2/ Exports Ending

Stocks

Sugar 1,000 Metric Tons, Actual Weight

2014/15 Est. Sep 831 5,985 140 4,764 1,392 800

2014/15 Est. Oct 831 5,985 151 4,764 1,441 762

2015/16 Proj. Sep 800 6,000 155 4,825 1,328 803 2015/16 Proj. Oct 762 6,000 155 4,825 1,328 764

1/ HFCS imports by Mexico (1,000 metric tons, dry basis): Oct-Sep 2013/14 = 913, Oct-Aug 2013/14 = 815, Oct-Aug 2014/15 = 894 . Footnote source: Comite Nacional para el Desarollo Sustentable de la Cana de Azucar. 2/Includes domestic consumption, Mexico's products export program (IMMEX), and any residual statistical discrepancies. IMMEX: 2014/15 (324 est), 2015/16 (324 proj). Statistical Adjustment: 2014/15 (0), 2015/16 (0).

### October 2015

WASDE - 546 - 17

U.S. Cotton Supply and Use 1/

2013/14 2014/15 Est. 2015/16 Proj. 2015/16 Proj.

Sep Oc t

Filler Fille r Fille r Fille r Fille r Area M illion Acres

Planted 10.41 11.04 8.56 8.56

Harvested 7.54 9.35 8.17 8.17

Filler P ounds Yield per Harvested Acre 821 838 789 784

M illion 480 Pound Bales Beginning Stocks 3.80 2.35 3.70 3.70

Production 12.91 16.32 13.43 13.34 Imports 0.01 0.01 0.01 0.01 Supply, Total 16.72 18.68 17.14 17.05

Domestic Use 3.55 3.58 3.70 3.70 Exports, Total 10.53 11.25 10.20 10.20 Use, Total 14.08 14.82 13.90 13.90

Unaccounted 2/ 0.29 0.16 0.04 0.05 Ending Stocks 2.35 3.70 3.20 3.10 Avg. Farm Price 3/ 77.9 60.5 56.00 - 68.00 54.00 - 64.00

Total

Note: Reliability calculations at end of report. 1/ Upland and ex tra-long staple; marketing year beginning August 1. Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use and ending stocks. 3/ Cents per pound for upland cotton.

### October 2015

WASDE - 546 - 18

World Wheat Supply and Use 1/

(Million Metric Tons)



### 2013/14 Beginning Stocks Production Imports Domestic

Feed Domestic

Total 2 / Exports Ending

Stocks

World 3/ 177.16 715.11 158.36 126.79 698.50 165.90 193.77

United States 19.54 58.11 4.71 6.20 34.29 32.00 16.07 Total Foreign 157.62 657.01 153.65 120.60 664.21 133.90 177.71 Major Exporters 4/ 20.80 217.75 4.58 56.90 139.61 76.17 27.35 Argentina 0.29 10.50 0.00 0.10 6.05 2.25 2.49

Australia 4.66 25.30 0.16 3.60 6.95 18.62 4.56

Canada 5.14 37.53 0.45 4.20 9.41 23.27 10.44 European Union 5/ 10.71 144.42 3.97 49.00 117.20 32.03 9.87 Major Importers 6/ 83.62 194.11 87.36 28.30 259.73 5.19 100.18

Brazil 1.00 5.30 7.07 0.60 11.40 0.08 1.89

China 53.96 121.93 6.77 16.00 116.50 0.89 65.27

Sel. Mideast 7/ 8.94 18.97 20.69 4.92 36.02 0.49 12.09

N. Africa 8/ 11.49 19.72 25.27 2.68 42.42 0.50 13.55

Pakistan 2.62 24.00 0.40 0.60 24.10 0.75 2.17

Southeast Asia 9/ 3.78 0.00 16.41 2.46 15.76 0.89 3.55

Selected Other

India 24.20 93.51 0.03 4.80 93.85 6.05 17.83

FSU-12 13.92 103.87 7.41 22.75 72.94 37.15 15.12

Russia 4.95 52.09 0.80 12.50 34.10 18.57 5.18

Kazakhstan 2.94 13.94 0.01 2.00 6.80 8.10 1.99

Ukraine 2.58 22.28 0.07 3.40 11.50 9.76 3.67



### 2014/15 Est. Beginning

Stocks Production Imports Domestic

Feed Domestic

Total 2/ Exports Ending

Stocks

World 3/ 193.77 725.49 158.96 132.88 707.16 164.50 212.11

United States 16.07 55.15 4.07 3.25 31.53 23.25 20.50 Total Foreign 177.71 670.35 154.90 129.62 675.63 141.25 191.61 Major Exporters 4/ 27.35 222.11 6.65 62.69 146.87 81.71 27.53 Argentina 2.49 12.50 0.04 0.30 6.35 5.50 3.18

Australia 4.56 23.67 0.16 4.10 7.50 16.70 4.18

Canada 10.44 29.42 0.48 3.79 9.12 24.12 7.11 European Union 5/ 9.87 156.52 5.97 54.50 123.90 35.40 13.07 Major Importers 6/ 100.18 196.47 84.94 30.63 263.49 7.67 110.43

Brazil 1.89 6.00 5.60 0.30 10.70 1.70 1.09

China 65.27 126.17 1.93 17.00 118.00 0.80 74.57

Sel. Mideast 7/ 12.09 17.37 21.26 4.55 36.20 1.53 12.98

N. Africa 8/ 13.55 16.90 25.18 2.48 42.68 0.61 12.35

Pakistan 2.17 25.50 0.75 1.00 24.50 0.70 3.22

Southeast Asia 9/ 3.55 0.00 19.91 4.51 18.27 0.96 4.23

Selected Other

India 17.83 95.85 0.05 4.50 93.13 3.40 17.20

FSU-12 15.12 112.73 7.67 24.60 75.84 40.22 19.46

Russia 5.18 59.08 0.33 13.00 35.50 22.80 6.28

Kazakhstan 1.99 13.00 0.60 2.00 6.80 5.54 3.25

Ukraine 3.67 24.75 0.03 4.00 12.00 11.27 5.18
1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.

### October 2015

WASDE - 546 - 19

World Wheat Supply and Use 1/ (Cont'd.)

(Million Metric Tons)



### 2015/16 Proj. Beginning Stocks Production Imports Domestic

Feed Domestic

Total 2 / Exports Ending

Stocks

World 3/ Sep 211.31 731.61 156.24 138.08 716.36 157.58 226.56

Oct 212.11 732.79 157.80 137.72 716.41 160.58 228.49

United States Sep 20.48 58.13 3.40 5.44 33.72 24.49 23.81

Oct 20.50 55.84 3.40 4.90 33.18 23.13 23.43 Total Foreign Sep 190.82 673.48 152.84 132.64 682.64 133.08 202.75

Oct 191.61 676.95 154.40 132.82 683.23 137.44 205.06 Major Exporters 4/ Sep 27.46 216.13 6.67 64.80 148.33 74.50 27.43

Oct 27.53 218.76 6.67 64.80 148.33 76.00 28.63 Argentina Sep 3.18 11.00 0.03 0.10 6.15 5.50 2.56

Oct 3.18 10.50 0.03 0.10 6.15 5.00 2.56

Australia Sep 4.18 26.00 0.15 3.90 7.33 18.50 4.50

Oct 4.18 27.00 0.15 3.90 7.33 19.00 5.00

Canada Sep 7.11 25.00 0.49 3.80 9.00 18.00 5.59

Oct 7.11 26.00 0.49 3.80 9.00 19.00 5.59 European Union 5/ Sep 13.00 154.13 6.00 57.00 125.85 32.50 14.78

Oct 13.07 155.26 6.00 57.00 125.85 33.00 15.48 Major Importers 6/ Sep 110.43 202.92 84.00 29.62 266.53 6.36 124.45

Oct 110.43 203.62 85.12 29.82 266.33 6.41 126.42

Brazil Sep 1.09 6.00 7.00 0.60 11.50 1.00 1.59

Oct 1.09 6.00 6.70 0.60 11.20 1.00 1.59

China Sep 74.57 130.00 2.20 15.00 116.50 1.00 89.27

Oct 74.57 130.00 2.50 15.00 116.50 1.00 89.57

Sel. Mideast 7/ Sep 12.93 17.86 19.70 4.85 37.56 0.83 12.10

Oct 12.98 17.86 20.60 4.85 37.46 0.83 13.15

N. Africa 8/ Sep 12.36 19.56 25.60 2.88 44.33 0.63 12.57

Oct 12.35 20.26 25.60 2.88 44.33 0.65 13.23

Pakistan Sep 3.22 25.00 0.10 1.00 24.60 0.60 3.12

Oct 3.22 25.00 0.10 1.00 24.60 0.60 3.12

Southeast Asia 9/ Sep 4.26 0.00 19.20 4.49 18.75 0.94 3.77

Oct 4.23 0.00 19.43 4.69 18.95 0.96 3.74

Selected Other

India Sep 17.20 88.94 0.80 4.80 94.74 0.30 11.90

Oct 17.20 88.94 0.80 4.80 94.54 0.50 11.90

FSU-12 Sep 18.97 117.03 7.09 25.83 78.13 42.91 22.06

Oct 19.46 117.53 7.09 25.83 78.13 45.41 20.55

Russia Sep 6.28 61.00 0.35 14.00 37.00 23.00 7.63

Oct 6.28 61.00 0.35 14.00 37.00 23.50 7.13

Kazakhstan Sep 2.78 14.00 0.03 2.00 6.80 6.00 4.01

Oct 3.25 14.00 0.03 2.00 6.80 6.50 3.97

Ukraine Sep 5.18 26.50 0.05 4.50 12.70 13.50 5.53

Oct 5.18 27.00 0.05 4.50 12.70 15.00 4.53
1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Australia, Canada, and the European Union. 5/ Trade excludes intra-trade. 6/ Brazil, Ch ina, Japan, Mexico, N. Africa, Pa kistan, selected Middle East, and S outheast Asia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen, United Arab Emirates, and Oman. 8/ Algeri a, Egypt, Libya, Morocco, and Tunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.

### October 2015

WASDE - 546 - 20

World Coarse Grain Supply and Use 1/

(Million Metric Tons)



### 2013/14 Beginning Stocks Production Imports Domestic

Feed Domestic

Total 2 / Exports Ending

Stocks

World 3/ 168.80 1,281.12 156.18 737.11 1,237.85 164.45 212.07

United States 23.53 367.09 3.23 133.69 305.05 54.49 34.31 Total Foreign 145.26 914.03 152.95 603.42 932.80 109.97 177.75 Major Exporters 4/ 21.75 174.69 1.81 81.14 111.15 56.45 30.65 Argentina 2.47 35.67 0.00 8.74 13.60 21.27 3.27

Australia 0.85 12.16 0.00 3.36 5.04 6.92 1.05

Brazil 14.56 82.60 1.11 48.28 58.03 20.98 19.26

Canada 3.02 28.75 0.54 15.14 22.37 5.29 4.65 Major Importers 5/ 33.52 249.77 112.99 259.12 341.58 10.97 43.73 European Union 6/ 13.08 158.98 16.24 122.36 164.11 8.63 15.56 Japan 0.98 0.19 17.50 12.88 17.64 0.00 1.03

Mexico 1.63 32.02 11.32 23.62 40.89 0.50 3.58

N. Afr & Mideast 7/ 9.93 31.12 30.66 50.38 57.94 0.30 13.46

Saudi Arabia 3.39 0.36 11.69 11.13 11.55 0.00 3.89

Southeast Asia 8/ 2.83 26.84 10.73 26.86 34.96 1.54 3.90

South Korea 1.29 0.20 10.50 7.80 10.11 0.00 1.88

Selected Other

China 68.38 225.07 12.45 161.78 227.60 0.03 78.26

FSU-12 5.04 87.63 0.80 39.97 55.63 30.85 6.97

Russia 1.38 35.74 0.26 18.90 28.62 6.95 1.80

Ukraine 2.33 39.92 0.08 12.22 15.93 22.77 3.64



### 2014/15 Est.

Beginning

Stocks Productio n Imports Domestic

Fee d Domesti c Total 2 / Exports Ending

Stocks

World 3/ 212.07 1,297.42 164.70 764.60 1,278.29 177.27 231.20

United States 34.31 377.23 3.42 139.51 311.34 56.67 46.95 Total Foreign 177.75 920.19 161.29 625.09 966.95 120.60 184.24 Major Exporters 4/ 30.65 166.07 3.19 81.65 111.75 60.60 27.55 Argentina 3.27 33.53 0.01 9.17 14.33 19.61 2.87

Australia 1.05 11.66 0.00 2.79 4.46 7.43 0.83

Brazil 19.26 87.60 0.93 50.20 59.93 29.04 18.82

Canada 4.65 21.99 1.63 13.91 21.24 3.81 3.23 Major Importers 5/ 43.73 257.93 107.79 262.51 346.09 15.43 47.92 European Union 6/ 15.56 170.59 8.93 121.48 163.87 13.97 17.24 Japan 1.03 0.17 16.83 12.37 17.03 0.00 1.00

Mexico 3.58 32.33 11.25 24.42 41.94 0.51 4.71

N. Afr & Mideast 7/ 13.46 26.88 33.42 51.53 59.49 0.10 14.17

Saudi Arabia 3.89 0.36 11.35 11.25 11.73 0.00 3.87

Southeast Asia 8/ 3.90 27.28 11.62 29.29 37.29 0.85 4.66

South Korea 1.88 0.21 10.09 8.05 10.32 0.00 1.86

Selected Other

China 78.26 222.17 24.85 174.60 242.65 0.05 82.58

FSU-12 6.97 91.45 0.84 41.83 57.99 33.66 7.62

Russia 1.80 40.39 0.16 21.08 31.44 8.36 2.54

Ukraine 3.64 39.35 0.06 11.55 15.19 24.45 3.40

1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam.

### October 2015

WASDE - 546 - 21

World Coarse Grain Supply and Use 1/ (Cont'd.)

(Million Metric Tons)



### 2015/16 Proj. Beginning Stocks Production Imports Domestic

Feed Domestic

Total 2 / Exports Ending

Stocks

World 3/ Sep 232.42 1,274.32 163.08 771.61 1,281.92 167.54 224.83

Oct 231.20 1,267.25 162.63 768.84 1,275.55 165.79 222.90

United States Sep 46.94 365.69 3.06 139.80 313.29 58.28 44.13

Oct 46.95 365.14 3.05 139.68 313.16 58.28 43.70 Total Foreign Sep 185.48 908.63 160.02 631.80 968.63 109.26 180.70

Oct 184.24 902.11 159.58 629.16 962.38 107.52 179.20 Major Exporters 4/ Sep 27.64 164.99 2.82 84.85 115.54 55.37 24.53

Oct 27.55 165.55 2.70 84.88 115.47 55.67 24.66 Argentina Sep 2.87 33.46 0.01 9.62 15.08 19.11 2.15

Oct 2.87 32.46 0.01 9.62 14.98 18.11 2.25

Australia Sep 0.83 12.58 0.00 3.44 5.12 7.33 0.96

Oct 0.83 12.78 0.00 3.44 5.12 7.33 1.16

Brazil Sep 18.82 81.58 1.00 52.09 61.84 24.02 15.54

Oct 18.82 82.58 1.00 52.09 61.84 25.02 15.54

Canada Sep 3.23 23.30 1.71 14.08 21.48 3.40 3.35

Oct 3.23 23.63 1.61 14.11 21.51 3.70 3.25 Major Importers 5/ Sep 48.91 242.80 110.12 266.14 349.75 10.22 41.86

Oct 47.92 243.36 109.61 264.92 348.63 10.22 42.04 European Union 6/ Sep 17.94 148.59 16.36 119.23 161.53 8.81 12.55

Oct 17.24 149.34 16.36 118.83 161.32 8.81 12.82 Japan Sep 1.00 0.17 17.09 12.58 17.24 0.00 1.02

Oct 1.00 0.17 17.08 12.57 17.23 0.00 1.02

Mexico Sep 4.71 31.98 10.78 25.02 42.59 0.50 4.37

Oct 4.71 31.98 10.78 25.02 42.59 0.50 4.37

N. Afr & Mideast 7/ Sep 14.24 33.07 28.67 54.33 62.34 0.27 13.38

Oct 14.17 33.07 28.67 54.33 62.34 0.27 13.30

Saudi Arabia Sep 4.07 0.25 12.03 12.25 12.65 0.00 3.69

Oct 3.87 0.25 11.53 11.55 11.95 0.00 3.69

Southeast Asia 8/ Sep 4.67 28.41 10.72 30.46 38.57 0.64 4.59

Oct 4.66 28.21 10.72 30.36 38.37 0.64 4.58

South Korea Sep 1.86 0.20 10.09 8.04 10.32 0.00 1.84

Oct 1.86 0.20 10.09 8.04 10.32 0.00 1.84

Selected Other

China Sep 82.38 231.50 21.25 173.13 243.48 0.08 91.58

Oct 82.58 231.50 21.25 173.13 243.48 0.08 91.78

FSU-12 Sep 7.91 89.71 0.82 41.93 58.16 32.94 7.33

Oct 7.62 85.83 0.82 41.06 57.29 30.94 6.04

Russia Sep 2.54 41.80 0.16 21.65 32.10 9.11 3.29

Oct 2.54 39.80 0.16 21.15 31.60 8.61 2.29

Ukraine Sep 3.69 36.78 0.06 10.90 14.46 23.18 2.88

Oct 3.40 34.78 0.06 10.40 13.96 21.68 2.59

1/ Aggregate of local marketing years. Co arse grains include corn, sorghum, barley, oats, rye, millet, and mixed grains (for U. S. excludes millet and mixed grains). 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing year s, grain in transit, and reportin g discrepancies in some countr ies. 4/ Argentina, Australia, Canada, Brazil, and South Africa. 5/ The European Union, Mexico, Japan, selected North Africa and Middle East, South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra- trade. 7/ Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco , Syria, Tunisia, and Turkey. 8/ Indonesia, Malays ia, Philippines, Th ailand, and Vietnam.

### October 2015

WASDE - 546 - 22

World Corn Supply and Use 1/

(Million Metric Tons)



### 2013/14 Beginning Stocks Production Imports Domestic

Feed Domestic

Total 2 / Exports Ending

Stocks

World 3/ 137.92 991.42 123.94 574.34 953.46 131.10 175.88

United States 20.86 351.27 0.91 128.02 292.97 48.78 31.29 Total Foreign 117.06 640.14 123.03 446.32 660.49 82.32 144.59 Major Exporters 4/ 16.12 120.93 0.86 57.30 75.30 40.03 22.58 Argentina 1.31 26.00 0.00 5.80 8.80 17.10 1.41

Brazil 14.15 80.00 0.79 46.00 55.00 20.97 18.97

South Africa 0.66 14.93 0.07 5.50 11.50 1.96 2.20 Major Importers 5/ 12.27 120.25 76.03 133.46 185.52 4.44 18.60 Egypt 1.08 5.80 8.73 11.00 13.20 0.00 2.40 European Union 6/ 5.15 64.63 15.92 58.00 76.50 2.40 6.80 Japan 0.52 0.00 15.12 10.70 15.10 0.00 0.55

Mexico 1.06 22.88 10.95 15.20 31.70 0.50 2.69

Southeast Asia 7/ 2.82 26.78 10.72 26.80 34.90 1.53 3.89

South Korea 1.27 0.08 10.41 7.76 9.89 0.00 1.86

Selected Other 0.00

Canada 1.55 14.19 0.51 7.52 12.70 1.95 1.60

China 67.57 218.49 3.28 154.00 212.00 0.02 77.32

FSU-12 2.00 46.90 0.46 18.37 21.14 24.81 3.42

Ukraine 1.19 30.90 0.07 8.30 9.70 20.00 2.45



### 2014/15 Est.

Beginning

Stocks Production Imports Domestic

Feed Domestic

Total 2 / Exports Ending

Stocks

World 3/ 175.88 1,008.68 121.22 599.68 988.53 133.04 196.03

United States 31.29 361.09 0.80 135.06 301.85 47.36 43.98 Total Foreign 144.59 647.59 120.42 464.62 686.68 85.68 152.05 Major Exporters 4/ 22.58 122.30 1.11 59.60 77.60 46.70 21.68 Argentina 1.41 26.50 0.01 6.10 9.40 17.00 1.51

Brazil 18.97 85.00 0.60 48.00 57.00 29.00 18.57

South Africa 2.20 10.80 0.50 5.50 11.20 0.70 1.60 Major Importers 5/ 18.60 134.11 67.58 140.20 192.98 5.36 21.96 Egypt 2.40 5.96 7.50 11.50 13.90 0.01 1.95 European Union 6/ 6.80 75.73 8.60 59.50 78.50 4.00 8.63 Japan 0.55 0.00 14.70 10.40 14.70 0.00 0.55

Mexico 2.69 25.00 11.00 17.50 34.25 0.50 3.94

Southeast Asia 7/ 3.89 27.23 11.58 29.20 37.20 0.85 4.65

South Korea 1.86 0.08 10.00 8.00 10.10 0.00 1.84

Selected Other 0.00

Canada 1.60 11.49 1.50 7.50 12.80 0.50 1.29

China 77.32 215.67 5.70 157.00 217.00 0.03 81.66

FSU-12 3.42 43.47 0.47 18.72 21.54 23.00 2.82

Ukraine 2.45 28.45 0.05 8.00 9.40 19.80 1.75

1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Braz il, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Trade ex cludes intra-trade. 7/ Indo nesia, Malaysia, Philippines, Thailand, and Vietnam.

### October 2015

WASDE - 546 - 23

World Corn Supply and Use 1/ (Cont'd.)

(Million Metric Tons)



### 2015/16 Proj. Beginning Stocks Production Imports Domestic

Feed Domestic

Total 2 / Exports Ending

Stocks

World 3/ Sep 197.21 978.10 123.66 604.84 985.62 123.48 189.69

Oct 196.03 972.60 123.31 602.49 980.79 121.93 187.83

United States Sep 44.01 345.07 0.76 133.99 302.40 46.99 40.45

Oct 43.98 344.31 0.76 133.99 302.40 46.99 39.66 Total Foreign Sep 153.21 633.03 122.90 470.85 683.22 76.49 149.24

Oct 152.05 628.29 122.55 468.50 678.39 74.94 148.18 Major Exporters 4/ Sep 21.79 117.50 0.63 62.00 80.40 41.00 18.52

Oct 21.68 117.50 0.63 62.00 80.40 41.00 18.41 Argentina Sep 1.51 25.00 0.01 6.50 10.00 15.50 1.02

Oct 1.51 24.00 0.01 6.50 10.00 14.50 1.02

Brazil Sep 18.57 79.00 0.60 50.00 59.00 24.00 15.17

Oct 18.57 80.00 0.60 50.00 59.00 25.00 15.17

South Africa Sep 1.71 13.50 0.03 5.50 11.40 1.50 2.33

Oct 1.60 13.50 0.03 5.50 11.40 1.50 2.22 Major Importers 5/ Sep 22.62 116.07 74.30 140.40 193.33 2.15 17.51

Oct 21.96 115.87 74.30 139.80 192.63 2.15 17.35 Egypt Sep 1.95 6.00 8.00 12.10 14.50 0.01 1.44

Oct 1.95 6.00 8.00 12.10 14.50 0.01 1.44 European Union 6/ Sep 9.27 58.00 16.00 58.00 77.00 1.00 5.27

Oct 8.63 58.00 16.00 57.50 76.50 1.00 5.12 Japan Sep 0.55 0.00 14.80 10.50 14.80 0.00 0.55

Oct 0.55 0.00 14.80 10.50 14.80 0.00 0.55

Mexico Sep 3.94 23.50 10.50 17.20 34.00 0.50 3.44

Oct 3.94 23.50 10.50 17.20 34.00 0.50 3.44

Southeast Asia 7/ Sep 4.67 28.36 10.70 30.40 38.50 0.64 4.59

Oct 4.65 28.16 10.70 30.30 38.30 0.64 4.58

South Korea Sep 1.84 0.08 10.00 8.00 10.10 0.00 1.82

Oct 1.84 0.08 10.00 8.00 10.10 0.00 1.82

Selected Other

Canada Sep 1.29 12.30 1.50 8.00 13.35 0.50 1.24

Oct 1.29 12.30 1.50 8.00 13.35 0.50 1.24

China Sep 81.46 225.00 3.00 157.00 219.00 0.05 90.41

Oct 81.66 225.00 3.00 157.00 219.00 0.05 90.61

FSU-12 Sep 3.12 43.76 0.49 19.14 22.01 22.63 2.74

Oct 2.82 41.76 0.49 18.64 21.51 21.13 2.44

Ukraine Sep 2.05 27.00 0.05 7.50 8.90 18.50 1.70

Oct 1.75 25.00 0.05 7.00 8.40 17.00 1.40

1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain in transit, and reporting discrepancies in some countries. 4/ Argentina, Brazil, and South Africa. 5/ Egypt, the European Union, Mexico, Japan, South Korea, Taiwan, and Southeast Asia. 6/ Tr ade excludes intra-trade. 7/ Indonesi a, Malaysia, Philippines, Thailand, and

Vietnam.

### October 2015

WASDE - 546 - 24

World Rice Supply and Use (Milled Basis) 1/

(Million Metric Tons)



### 2013/14 Beginning

Stocks Productio n Imports Total /2

Domestic Exports Ending

Stocks

World 3/ 110.77 478.39 38.38 481.56 41.74 107.60

United States 1.16 6.12 0.73 3.98 3.01 1.03 Total Foreign 109.61 472.27 37.64 477.58 38.74 106.58 Major Exporters 4/ 39.61 161.97 0.63 134.66 30.64 36.91

India 25.44 106.65 0.00 99.18 10.15 22.76

Pakistan 0.50 6.70 0.03 2.60 3.20 1.43

Thailand 12.81 20.46 0.30 10.88 10.97 11.72

Vietnam 0.86 28.16 0.30 22.00 6.33 1.00 Major Importers 5/ 12.51 64.32 12.43 76.99 1.10 11.17

Brazil 0.53 8.30 0.55 7.90 0.82 0.66 European Union 6/ 1.19 1.94 1.53 3.25 0.24 1.16

Indonesia 6.48 36.30 1.23 38.50 0.00 5.50 Nigeria 0.89 2.77 2.80 5.80 0.00 0.66 Philippines 1.49 11.86 1.20 12.85 0.00 1.70

Sel. Mideast 7/ 1.50 1.95 3.96 6.12 0.00 1.29

Selected Other 0.00

Burma 0.55 11.96 0.00 10.45 1.69 0.37

C. Amer & Carib 8/ 0.52 1.72 1.41 3.16 0.01 0.48

China 46.83 142.53 4.02 146.30 0.26 46.81 Egypt 0.43 4.75 0.03 4.00 0.60 0.60 Japan 2.86 7.94 0.66 8.29 0.06 3.11

Mexico 0.19 0.13 0.69 0.86 0.00 0.15

South Korea 0.78 4.23 0.31 4.42 0.00 0.90



### 2014/15 Est.

Beginning

Stocks Productio n Imports Total / 2

Domesti c Exports Endin g Stock s World 3/ 107.60 478.81 40.66 484.62 42.79 101.79

United States 1.03 7.07 0.78 4.12 3.21 1.55 Total Foreign 106.58 471.74 39.87 480.51 39.59 100.24 Major Exporters 4/ 36.91 158.52 0.73 135.85 30.90 29.41

India 22.76 104.80 0.00 99.25 11.70 16.61

Pakistan 1.43 6.90 0.03 2.80 4.00 1.56

Thailand 11.72 18.75 0.30 11.70 9.00 10.07

Vietnam 1.00 28.07 0.40 22.10 6.20 1.17 Major Importers 5/ 11.17 64.75 14.65 78.24 1.31 11.03

Brazil 0.66 8.50 0.50 7.90 1.00 0.76 European Union 6/ 1.16 1.88 1.63 3.27 0.28 1.13

Indonesia 5.50 36.30 1.25 38.60 0.00 4.45 Nigeria 0.66 2.84 4.00 6.40 0.00 1.09 Philippines 1.70 11.92 1.70 13.20 0.00 2.11

Sel. Mideast 7/ 1.29 1.98 4.06 6.17 0.00 1.16

Selected Other 0.00

Burma 0.37 12.60 0.00 10.55 2.00 0.42

C. Amer & Carib 8/ 0.48 1.75 1.54 3.32 0.01 0.44

China 46.81 144.50 4.32 148.40 0.43 46.80 Egypt 0.60 4.53 0.03 4.00 0.25 0.91 Japan 3.11 7.84 0.65 8.31 0.08 3.21

Mexico 0.15 0.17 0.66 0.87 0.00 0.11

South Korea 0.90 4.24 0.47 4.45 0.00 1.16

1/ Aggregate of local marketing years. 2/ Total foreign and world use adjusted to re flect the differences in world imports and exports. Total domestic includes both domestic use and unreported disappearance. 3/ Worl d imports and exports may not ba lance due to differences in so me countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Braz il, Indonesia, Hong K ong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Ir aq, and Saudi Arabia. 8/ Centra l American and Caribbean countri es.

### October 2015

WASDE - 546 - 25

World Rice Supply and Use (Milled Basis) 1/ (Cont'd.)

(Million Metric Tons)



### 2015/16 Proj. Beginning

Stocks Production Imports Total /2

Domestic Exports Ending

Stocks

World 3/ Sep 101.82 475.76 39.79 487.42 41.67 90.16

Oct 101.79 474.02 39.43 487.52 41.47 88.29

United States Sep 1.55 6.02 0.81 3.98 3.08 1.32

Oct 1.55 5.96 0.81 3.98 3.08 1.26 Total Foreign Sep 100.27 469.74 38.98 483.44 38.59 88.84

Oct 100.24 468.06 38.62 483.54 38.39 87.03 Major Exporters 4/ Sep 29.51 157.10 0.82 136.25 30.20 20.98

Oct 29.41 155.00 0.82 136.25 30.00 18.98

India Sep 16.70 104.00 0.00 99.20 9.00 12.50

Oct 16.61 103.50 0.00 99.20 9.00 11.91

Pakistan Sep 1.56 6.90 0.02 2.85 4.00 1.63

Oct 1.56 6.90 0.02 2.85 4.50 1.13

Thailand Sep 10.07 18.00 0.30 12.00 10.20 6.17

Oct 10.07 16.40 0.30 12.00 9.50 5.27

Vietnam Sep 1.17 28.20 0.50 22.20 7.00 0.67

Oct 1.17 28.20 0.50 22.20 7.00 0.67 Major Importers 5/ Sep 10.95 64.20 13.72 78.20 1.18 9.49

Oct 11.03 64.20 13.86 78.01 1.18 9.90

Brazil Sep 0.76 8.00 0.70 7.95 0.90 0.61

Oct 0.76 8.00 0.70 7.95 0.90 0.61 European Union 6/ Sep 1.13 1.93 1.55 3.28 0.23 1.10

Oct 1.13 1.93 1.55 3.28 0.23 1.10

Indonesia Sep 4.45 36.30 1.30 38.65 0.00 3.40

Oct 4.45 36.30 1.30 38.65 0.00 3.40 Nigeria Sep 1.09 2.71 3.00 6.00 0.00 0.80

Oct 1.09 2.71 3.00 6.00 0.00 0.80 Philippines Sep 2.08 12.00 1.30 13.25 0.00 2.13

Oct 2.11 12.00 1.70 13.25 0.00 2.56

Sel. Mideast 7/ Sep 1.22 1.86 4.50 6.35 0.00 1.23

Oct 1.16 1.86 4.35 6.22 0.00 1.15

Selected Other

Burma Sep 0.42 12.20 0.00 10.50 1.80 0.32

Oct 0.42 12.20 0.00 10.50 1.80 0.32

C. Amer & Carib 8/ Sep 0.46 1.68 1.61 3.30 0.01 0.44

Oct 0.44 1.68 1.61 3.29 0.01 0.42

China Sep 46.91 145.50 4.70 151.00 0.40 45.71

Oct 46.80 145.50 4.70 151.00 0.40 45.60 Egypt Sep 0.91 4.00 0.03 4.00 0.40 0.53

Oct 0.91 4.00 0.03 4.00 0.40 0.53 Japan Sep 3.26 7.90 0.70 8.38 0.08 3.41

Oct 3.21 7.90 0.70 8.38 0.08 3.36

Mexico Sep 0.12 0.17 0.79 0.91 0.00 0.15

Oct 0.11 0.17 0.70 0.87 0.00 0.10

South Korea Sep 1.16 4.00 0.41 4.36 0.00 1.21

Oct 1.16 4.00 0.41 4.36 0.00 1.21

1/ Aggregate of local marketing years. 2/ Total foreign and wo rld use adjusted to reflect the differences in world imports and exports.
Total domestic includes both domestic use a nd unreported disappearance. 3/ World impor ts and exports may not balance due to di fferences in some countries. 4/ India, Pakistan, Thailand, and Vietnam. 5/ Brazil, Indones ia, Hong Kong, Cote d'Ivoire, Nigeria, Phil ippines, selected Middle East, and the EU-28. 6/ Trade excludes intra-trade. 7/ Selected Middle East includes Iran, Iraq, and Saudi Ara bia. 8/

Central American and Caribbean countries.

### October 2015

WASDE - 546 - 26

World Cotton Supply and Use 1/

(Million 480-Pound Bales)



### 2013/14 Beginning

Stocks Production Imports Domestic

Use Exports Loss

/2 Ending

Stocks

World 91.81 120.40 41.28 110.05 40.84 -0.38 102.98

United States 3.80 12.91 0.01 3.55 10.53 0.29 2.35 Total Foreign 88.01 107.49 41.26 106.50 30.31 -0.68 100.63 Major Exporters 4/ 27.42 57.03 1.36 32.10 26.60 -0.83 27.94

Central Asia 5/ 4.21 6.60 3 / 2.35 5.05 0.00 3.41

Afr. Fr. Zone 6/ 1.30 4.37 3 / 0.15 4.13 0.00 1.39

S. Hemis 7/ 9.78 14.04 0.29 5.26 7.76 -0.34 11.42

Australia 2.40 4.10 3 / 0.04 4.85 -0.20 1.81

Brazil 5.80 8.00 0.15 4.20 2.23 -0.15 7.67

India 11.80 31.00 0.68 23.35 9.26 -0.50 11.37 Major Importers 8/ 58.77 47.23 37.58 69.98 2.64 0.15 70.81

Mexico 0.65 0.93 1.04 1.85 0.16 0.03 0.58

China 50.36 32.75 14.12 34.50 0.03 0.00 62.71 European Union 9/ 0.55 1.60 0.87 0.85 1.60 0.03 0.53 Turkey 1.32 2.30 4.25 6.30 0.20 0.00 1.36

Pakistan 2.71 9.50 1.20 10.40 0.51 0.03 2.48

Indonesia 0.54 0.03 2.99 3.05 0.01 0.00 0.50

Thailand 0.24 3 / 1.55 1.55 0.00 0.03 0.22 Bangladesh 1.17 0.12 5.30 5.30 0.00 0.01 1.27

Vietnam 0.49 0.01 3.20 3.20 0.00 0.00 0.50



### 2014/15 Est.

Beginning

Stocks Productio n Imports Domestic

Use Exports Loss

/2 Ending

Stocks

World 102.98 118.92 35.92 110.48 35.46 0.09 111.79

United States 2.35 16.32 0.01 3.58 11.25 0.16 3.70 Total Foreign 100.63 102.61 35.90 106.90 24.21 -0.07 108.09 Major Exporters 4/ 27.94 52.57 1.73 32.61 20.75 -0.23 29.11

Central Asia 5/ 3.41 6.20 3 / 2.46 4.69 0.00 2.45

Afr. Fr. Zone 6/ 1.39 5.04 3 / 0.14 4.46 0.00 1.83

S. Hemis 7/ 11.42 11.01 0.17 4.65 7.03 -0.24 11.15

Australia 1.81 2.30 3 / 0.04 2.39 -0.10 1.78

Brazil 7.67 7.00 0.02 3.60 3.91 -0.15 7.33

India 11.37 29.50 1.23 24.50 4.20 0.00 13.39 Major Importers 8/ 70.81 46.94 32.10 69.94 2.54 0.15 77.23

Mexico 0.58 1.37 0.83 1.85 0.18 0.03 0.73

China 62.71 30.00 8.28 33.00 0.07 0.00 67.92 European Union 9/ 0.53 1.63 0.87 0.88 1.58 0.03 0.54 Turkey 1.36 3.20 3.68 6.40 0.24 0.00 1.60

Pakistan 2.48 10.60 0.85 10.60 0.45 0.03 2.85

Indonesia 0.50 0.02 3.50 3.40 0.01 0.00 0.61

Thailand 0.22 3 / 1.47 1.45 0.00 0.03 0.21 Bangladesh 1.27 0.12 5.40 5.50 0.00 0.01 1.28

Vietnam 0.50 0.01 4.40 4.05 0.00 0.00 0.85

1/ Marketing year beginning August 1. Tota ls may not add exactly and trade may not ba lance due to rounding and other factors. 2/ Generally reflects cotton lost or destroyed in the marketing ch annel; for Australia, Brazil, China, and the United States, refl ects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ I ncludes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, an d Uzbekistan. 6/ Benin, Burkino Faso, Came roon, Central African Republic, Chad, Cote d' Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Pa raguay, South Africa, Tanzania, and Zimbabwe . 8/ In addition to the countries and regi ons listed, includes Hong Kong, Japan, Russia, South Kore a, and Taiwan. 9/ Includes intra-EU trade.

### October 2015

WASDE - 546 - 27

World Cotton Supply and Use 1/

(Million 480-Pound Bales)



### 2015/16 Proj. Beginning

Stocks Production Imports Domestic

Use Exports Loss

/2 Ending

Stocks

World Sep 110.91 108.74 34.24 113.44 34.26 -0.07 106.26

Oct 111.79 107.38 34.20 112.27 34.19 -0.06 106.97

United States Sep 3.70 13.43 0.01 3.70 10.20 0.04 3.20

Oct 3.70 13.34 0.01 3.70 10.20 0.05 3.10 Total Foreign Sep 107.21 95.31 34.23 109.74 24.06 -0.11 103.06

Oct 108.09 94.05 34.19 108.57 23.99 -0.11 103.87

filler filler filler filler filler filler filler Major Exporters 4/ Sep 29.19 50.67 1.64 33.56 20.70 -0.23 27.46

Oct 29.11 50.59 1.70 33.37 20.52 -0.23 27.74

Central Asia 5/ Sep 2.48 5.95 3 / 2.52 3.78 0.00 2.13

Oct 2.45 5.92 3 / 2.51 3.75 0.00 2.11

Afr. Fr. Zone 6/ Sep 1.70 4.56 3 / 0.14 4.62 0.00 1.50

Oct 1.83 4.89 3 / 0.14 5.00 0.00 1.57

S. Hemis 7/ Sep 11.14 10.55 0.24 4.40 7.11 -0.24 10.65

Oct 11.15 10.17 0.25 4.42 7.07 -0.24 10.33

Australia Sep 1.78 2.20 3 / 0.04 2.50 -0.10 1.54

Oct 1.78 2.10 3 / 0.04 2.50 -0.10 1.44

Brazil Sep 7.33 6.70 0.10 3.35 3.80 -0.15 7.13

Oct 7.33 6.50 0.10 3.35 3.80 -0.15 6.93

India Sep 13.57 29.00 0.95 25.70 4.90 0.00 12.92

Oct 13.39 29.00 1.00 25.50 4.40 0.00 13.49

filler filler filler filler filler filler filler Major Importers 8/ Sep 76.22 41.49 30.34 71.72 2.40 0.12 73.82

Oct 77.23 40.29 30.26 70.76 2.52 0.12 74.38

Mexico Sep 0.73 1.05 0.90 1.90 0.15 0.03 0.61

Oct 0.73 1.05 0.88 1.90 0.15 0.03 0.58

China Sep 66.92 26.00 5.75 34.00 0.05 0.00 64.62

Oct 67.92 25.30 5.75 33.50 0.20 0.00 65.27 European Union 9/ Sep 0.51 1.49 0.85 0.88 1.45 0.03 0.49

Oct 0.54 1.49 0.85 0.87 1.45 0.03 0.52 Turkey Sep 1.60 2.80 3.80 6.40 0.23 0.00 1.57

Oct 1.60 2.80 3.80 6.40 0.25 0.00 1.55

Pakistan Sep 2.88 10.00 1.15 10.80 0.50 0.03 2.70

Oct 2.85 9.50 1.15 10.40 0.45 0.03 2.63

Indonesia Sep 0.61 0.02 3.20 3.20 0.01 0.00 0.63

Oct 0.61 0.02 3.20 3.20 0.01 0.00 0.63

Thailand Sep 0.21 3 / 1.45 1.40 0.00 0.03 0.24

Oct 0.21 3 / 1.45 1.40 0.00 0.03 0.24 Bangladesh Sep 1.28 0.13 5.55 5.65 0.00 0.01 1.30

Oct 1.28 0.13 5.55 5.65 0.00 0.01 1.30

Vietnam Sep 0.85 3 / 4.85 4.65 0.00 0.00 1.06

Oct 0.85 3 / 4.85 4.65 0.00 0.00 1.06

1/ Marketing year beginning August 1. Totals may not add exactly and trade may not balance due to rounding and other factors. 2/ Generally reflects cotton lost or destro yed in the marketing channel; for Australia, Brazil, China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks. 3/ Less than 5,000 bales. 4/ Includes Egypt and Syria in addition to the countries and regions listed. 5/ Azerbaijan, Kazakhstan

, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. 6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo. 7/ Argentina, Australia, Brazil, Lesotho, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions lis ted, includes Hong Kong, Japan, Russia, South Korea, and

Taiwan. 9/ Includes intra-EU trade.

### October 2015

WASDE - 546 - 28

World Soybean Supply and Use 1/

(Million Metric Tons)



### 2013/14 Beginning

Stocks Production Imports Domestic

Crush Domestic

Total Exports Ending

Stocks

World 2/ 56.17 283.15 111.29 241.08 275.26 112.57 62.77

United States 3.83 91.39 1.95 47.19 50.09 44.57 2.50 Total Foreign 52.34 191.76 109.33 193.89 225.17 68.00 60.27 Major Exporters 3/ 36.46 151.69 0.63 76.47 84.04 62.66 42.09 Argentina 20.96 53.50 0.00 36.17 40.57 7.84 26.05

Brazil 15.33 86.70 0.61 36.86 39.86 46.83 15.95 Paraguay 0.13 8.19 0.01 3.35 3.45 4.80 0.07 Major Importers 4/ 13.33 14.73 96.22 91.39 108.45 0.30 15.51

China 12.38 12.20 70.36 68.85 80.30 0.22 14.43 European Union 0.30 1.21 12.99 13.44 14.20 0.06 0.25 Japan 0.18 0.20 2.89 1.97 3.05 0.00 0.23

Mexico 0.10 0.24 3.84 4.03 4.07 0.00 0.12



### 2014/15 Est.

Beginnin g Stock s Productio n Import s Domesti c Crus h Domesti c Tota l Export s Endin g Stock s World 2/ 62.77 318.95 120.20 260.54 297.89 126.05 77.97

United States 2.50 106.88 0.90 51.03 54.91 50.17 5.21 Total Foreign 60.27 212.07 119.29 209.51 242.99 75.88 72.76 Major Exporters 3/ 42.09 168.60 0.30 83.35 91.64 68.32 51.03 Argentina 26.05 60.80 0.00 40.00 45.00 9.60 32.25

Brazil 15.95 96.20 0.28 39.50 42.60 51.11 18.71 Paraguay 0.07 8.10 0.01 3.65 3.75 4.38 0.06 Major Importers 4/ 15.51 15.45 104.07 98.10 115.76 0.33 18.94

China 14.43 12.35 77.00 74.20 86.05 0.18 17.55 European Union 0.25 1.69 13.55 14.00 14.82 0.12 0.54 Japan 0.23 0.23 2.95 2.12 3.19 0.00 0.21

Mexico 0.12 0.36 4.03 4.28 4.32 0.00 0.18



### 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c Crus h Domesti c Tota l Export s Endin g Stock s

World 2/ Sep 78.73 319.61 123.22 271.79 310.10 126.48 84.98

Oct 77.97 320.49 123.92 272.39 310.47 126.77 85.14

United States Sep 5.71 107.10 0.82 50.89 54.43 46.95 12.26

Oct 5.21 105.81 0.82 51.17 54.69 45.59 11.56 Total Foreign Sep 73.01 212.51 122.40 220.90 255.67 79.53 72.72

Oct 72.76 214.69 123.10 221.23 255.78 81.18 73.59 Major Exporters 3/ Sep 51.05 166.30 0.27 85.35 93.86 72.08 51.69

Oct 51.03 169.30 0.27 85.35 93.86 74.03 52.72 Argentina Sep 32.78 57.00 0.00 41.50 46.60 9.75 33.43

Oct 32.25 57.00 0.00 41.50 46.60 9.75 32.90

Brazil Sep 18.17 97.00 0.25 39.55 42.77 54.50 18.15

Oct 18.71 100.00 0.25 39.55 42.77 56.45 19.74 Paraguay Sep 0.08 8.80 0.01 4.10 4.20 4.60 0.09

Oct 0.06 8.80 0.01 4.10 4.20 4.60 0.06 Major Importers 4/ Sep 18.96 14.86 106.15 103.86 122.05 0.33 17.59

Oct 18.94 14.93 106.45 104.24 122.42 0.33 17.56

China Sep 17.55 11.50 79.00 79.50 91.70 0.20 16.15

Oct 17.55 11.50 79.00 79.50 91.70 0.20 16.15 European Union Sep 0.54 1.95 13.50 14.50 15.33 0.10 0.56

Oct 0.54 2.03 13.60 14.70 15.53 0.10 0.54 Japan Sep 0.23 0.22 2.85 1.97 3.05 0.00 0.25

Oct 0.21 0.22 2.90 2.02 3.10 0.00 0.23

Mexico Sep 0.18 0.36 4.05 4.35 4.39 0.00 0.20

Oct 0.18 0.36 4.05 4.35 4.39 0.00 0.20

1/ Data based on local marketing years except Argentina and Brazil which are adjusted to an October-September year. 2/ World i mports and exports may not balance due to differences in local marke ting years and to time lags betw een reported exports and imports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, Paraguay, and Uruguay. 4/ China, European Union, Japan

, Mexico, and Southeast Asia (inc ludes Indonesia, Malaysia, Philip pines, Vietnam, and Thailand).

### October 2015

WASDE - 546 - 29

World Soybean Meal Supply and Use 1/

(Million Metric Tons)



### 2013/14 Beginning

Stocks Production Imports Domestic

Total Exports Ending

Stocks

World 2/ 9.40 189.37 57.86 186.31 60.03 10.29

United States 0.25 36.91 0.35 26.81 10.47 0.23 Total Foreign 9.15 152.46 57.51 159.50 49.55 10.07 Major Exporters 3/ 6.70 63.07 0.03 20.80 41.66 7.34 Argentina 3.25 27.89 0.00 2.10 24.97 4.07

Brazil 3.10 28.54 0.03 14.65 13.95 3.07

India 0.35 6.64 0.01 4.05 2.74 0.20 Major Importers 4/ 1.00 14.55 33.88 47.72 0.36 1.35 European Union 0.12 10.61 18.18 28.44 0.30 0.17

Southeast Asia 5/ 0.79 2.44 13.72 15.90 0.06 1.00



### 2014/15 Est.

Beginnin g Stock s Productio n Import s Domesti c
Tota l Export s Endin g Stock s World 2/ 10.29 205.68 61.18 201.77 63.27 12.12

United States 0.23 41.02 0.30 29.30 11.98 0.27 Total Foreign 10.07 164.66 60.88 172.46 51.30 11.85 Major Exporters 3/ 7.34 67.05 0.03 22.24 43.49 8.69 Argentina 4.07 30.79 0.00 2.30 28.00 4.56

Brazil 3.07 30.58 0.02 15.25 14.39 4.03

India 0.20 5.68 0.01 4.69 1.10 0.10 Major Importers 4/ 1.35 15.42 36.38 51.25 0.43 1.46 European Union 0.17 11.06 19.65 30.24 0.36 0.28

Southeast Asia 5/ 1.00 2.76 15.03 17.68 0.07 1.03



### 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c Tota l Export s Endin g Stock s

World 2/ Sep 11.67 214.22 64.14 212.70 66.23 11.08

Oct 12.12 214.63 63.98 213.17 65.84 11.72

United States Sep 0.27 40.30 0.30 30.03 10.57 0.27

Oct 0.27 40.48 0.30 30.21 10.57 0.27 Total Foreign Sep 11.40 173.91 63.84 182.68 55.66 10.81

Oct 11.85 174.14 63.69 182.96 55.27 11.44 Major Exporters 3/ Sep 8.10 70.07 0.03 23.16 47.43 7.62

Oct 8.69 69.75 0.03 23.12 47.10 8.25 Argentina Sep 4.14 32.18 0.00 2.50 30.20 3.62

Oct 4.56 32.18 0.00 2.50 30.20 4.04

Brazil Sep 3.64 30.61 0.03 15.40 15.20 3.68

Oct 4.03 30.61 0.02 15.40 15.20 4.06

India Sep 0.32 7.28 0.01 5.26 2.03 0.33

Oct 0.10 6.96 0.01 5.22 1.70 0.15 Major Importers 4/ Sep 1.61 15.76 38.65 54.04 0.48 1.50

Oct 1.46 16.03 38.40 53.95 0.48 1.47 European Union Sep 0.32 11.46 20.30 31.39 0.40 0.28

Oct 0.28 11.62 20.30 31.49 0.40 0.30

Southeast Asia 5/ Sep 1.13 2.80 16.50 19.32 0.08 1.04

Oct 1.03 2.89 16.25 19.10 0.08 0.99

1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Br azil, and India. 4/ European Union, Southeast Asia, and Japa n. 5/ Indonesia, Malaysia, Philippine s, Vietnam, and Thailand.

### October 2015

WASDE - 546 - 30

World Soybean Oil Supply and Use 1/

(Million Metric Tons)



### 2013/14 Beginning

Stocks Production Imports Domestic

Total Exports Ending

Stocks

World 2/ 3.75 44.98 9.35 45.28 9.39 3.41

United States 0.77 9.13 0.08 8.60 0.85 0.53 Total Foreign 2.98 35.85 9.28 36.69 8.54 2.89 Major Exporters 3/ 0.86 16.41 0.33 10.40 6.24 0.96 Argentina 0.26 6.79 0.01 2.73 4.09 0.24

Brazil 0.40 7.07 0.00 5.71 1.38 0.39 European Union 0.20 2.55 0.33 1.97 0.77 0.34 Major Importers 4/ 1.41 14.22 4.59 18.68 0.22 1.32

China 1.02 12.34 1.35 13.66 0.09 0.96

India 0.25 1.48 1.83 3.30 0.00 0.26

North Africa 5/ 0.14 0.41 1.40 1.72 0.13 0.11



### 2014/15 Est.

Beginnin g Stock s Productio n Import s Domesti c Tota l Export s Endin g Stock s World 2/ 3.41 48.57 10.10 47.81 10.84 3.43

United States 0.53 9.72 0.13 8.71 0.93 0.74 Total Foreign 2.89 38.85 9.98 39.10 9.91 2.70 Major Exporters 3/ 0.96 17.87 0.30 10.86 7.45 0.83 Argentina 0.24 7.63 0.03 2.65 4.93 0.32

Brazil 0.39 7.58 0.01 6.21 1.52 0.25 European Union 0.34 2.66 0.26 2.00 1.00 0.26 Major Importers 4/ 1.32 15.01 5.16 20.07 0.22 1.19

China 0.96 13.28 0.90 14.19 0.10 0.85

India 0.26 1.26 2.65 3.90 0.00 0.26

North Africa 5/ 0.11 0.47 1.61 1.98 0.12 0.09



### 2015/16 Proj. Beginnin g Stock s Productio n Import s Domesti c Tota l Export s Endin g Stock s

World 2/ Sep 3.51 50.70 10.25 49.98 11.02 3.46

Oct 3.43 50.80 10.37 50.00 11.08 3.52

United States Sep 0.71 9.80 0.09 8.89 0.91 0.81

Oct 0.74 9.86 0.10 8.87 0.91 0.92 Total Foreign Sep 2.80 40.89 10.16 41.09 10.11 2.65

Oct 2.70 40.94 10.27 41.13 10.17 2.60 Major Exporters 3/ Sep 0.87 18.21 0.17 10.96 7.49 0.79

Oct 0.83 18.25 0.18 10.94 7.54 0.77 Argentina Sep 0.21 7.86 0.02 2.66 5.20 0.23

Oct 0.32 7.86 0.02 2.66 5.20 0.33

Brazil Sep 0.30 7.59 0.00 6.23 1.39 0.27

Oct 0.25 7.59 0.01 6.28 1.39 0.19 European Union Sep 0.36 2.76 0.15 2.07 0.90 0.30

Oct 0.26 2.80 0.15 2.00 0.95 0.25 Major Importers 4/ Sep 1.25 16.34 5.38 21.65 0.22 1.10

Oct 1.19 16.27 5.43 21.62 0.22 1.05

China Sep 0.85 14.23 0.95 15.24 0.08 0.71

Oct 0.85 14.23 0.95 15.24 0.08 0.71

India Sep 0.32 1.63 2.80 4.45 0.00 0.30

Oct 0.26 1.54 2.85 4.40 0.00 0.25

North Africa 5/ Sep 0.09 0.48 1.63 1.96 0.14 0.09

Oct 0.09 0.50 1.63 1.99 0.14 0.09

1/ Data based on local marketing years except for Argentina and Br azil which are adjusted to an October-September year. 2/ Wor ld imports and exports may not balance due to differences in local marketi ng years and to time lags be tween reported exports and i mports. Therefore, world supply may not equal world us e. 3/ Argentina, Brazil an d European Union. 4/ Chin a, India, and North Africa. 5/ Algeria, Egypt, Morocco, and Tunisia.

### October 2015

WASDE - 546 - 31

U.S. Quarterly Animal Product Production 1/

Year and Quarter Bee f Por k Red Mea t

2 / Broile r Turkey Total Poultry 3 / Red Meat & Poultry Egg Milk

M illion Pounds M il do z Bil lbs

2014 IV 6,021 6,131 12,212 9,814 1,517 11,459 23,671 2,139 51.0

Annual 24,252 22,843 47,345 38,550 5, 756 44,827 92,171 8,335 206.0

2015 I 5,664 6,161 11,883 9,717 1,429 11,273 23,156 2,059 51.9

II 5,855 5,925 11,839 10,020 1,389 11,541 23,380 1,968 53.7

III 6,100 5,950 12,106 10,275 1,325 11,730 23,836 1,910 51.7

IV* 6,175 6,545 12,780 10,025 1,400 11,550 24,330 1,980 51.6

Annual

Sep Proj. 23,549 24,526 48,307 40,012 5, 568 46,099 94,406 7,912 208.9
Oct Proj. 23,794 24,581 48,608 40,037 5, 543 46,094 94,702 7,917 208.9

2016 I* 5,940 6,150 12,146 9,925 1,350 11,400 23,546 1,975 53.3

II* 6,545 5,945 12,547 10,225 1,500 11,865 24,412 2,005 54.4

III* 6,330 6,175 12,561 10,475 1,550 12,165 24,726 2,049 52.7

Annual

Sep Proj. 24,930 24,705 49,864 41,100 6, 010 47,650 97,514 8,141 213.0
Oct Proj. 24,960 24,925 50,114 40,925 6, 010 47,475 97,589 8,141 213.0

* Projection. 1/ Commercial production for re d meats; federally inspected for poultry me ats. 2/ Beef, pork, veal and lamb & mut ton. 3/ Broilers, turkeys and mature chicken.



### U.S. Quarterly Prices for Animal Products

Year and Quarter Steers

2 / Barrows and gilts

3 / Broilers

4 / Turkeys

5 / Eggs

6 / Milk

7 /

Dol./cw t Dol./cw t Cents/lb. Cents/lb. Cents/doz. Dol./cw t
2014 IV 165.60 66.74 102.8 113.9 162.7 22.77

Annual 154.56 76.03 104.9 107.6 142.3 23.97

2015 I 162.43 48.47 97.0 99.6 146.9 17.00

II 158.11 53.20 104.2 108.5 170.3 16.70

III 144.22 54.59 83.7 126.4 235.7 16.75-16.85

IV* 129-135 46-48 73-77 131-137 222-232 17.00-17.40

Annual
Sep Proj. 152-155 50-51 92-93 115-117 199-202 16.80-17.00

Oct Proj. 149.19 50.82 90.0 117.1 195.0 16.90-17.00

2016 I* 131-141 47-51 81-87 111-119 188-202 16.00-16.70

II* 138-150 50-54 83-89 112-122 168-182 15.45-16.45

III* 137-149 50-54 87-95 106-114 149-161 16.05-17.05

Annual
Sep Proj. 147-159 46-49 90-98 110-119 164-178 16.10-17.10

Oct Proj. 136-147 47-50 84-91 110-119 164-178 16.05-16.95

*Projection. 1/ Simple average of months. 2/ 5-Area, Direct, To tal all grades 3/ National Base, Live equiv 51-52% lean. 4/ Whol esale, National Composite Weighted Average. 5/ 8-16 lbs, hens National. 6/ Grade A large, Ne w York, volume buyers. 7/ Prices received by

farmers for all milk.

### October 2015

WASDE - 546 - 32

U.S. Meats Supply and Use

Item Beginning

stocks Production

1 / Imports Total Supply Exports Ending

Stocks Total

Use Per Capita

2/ 3 /

Million Pounds /4

Beef 2014 584 24,320 2,947 27,850 2,573 591 24,687 54.1

2015 Proj. Sep 591 23,614 3,437 27,642 2,307 560 24,775 53.9

Oct 591 23,859 3,437 27,887 2,282 560 25,045 54.5 2016 Proj. Sep 560 24,994 3,045 28,599 2,485 560 25,554 55.2

Oct 560 25,024 3,045 28,629 2,425 560 25,644 55.4

Fille r Fille r Filler Filler Fille r Filler Fille r Fille r

Pork 2014 618 22,861 1,008 24,486 4,857 560 19,070 46.4

2015 Proj. Sep 560 24,544 1,097 26,201 4,999 650 20,552 49.6

Oct 560 24,599 1,107 26,266 4,999 675 20,592 49.7 2016 Proj. Sep 650 24,723 1,000 26,373 5,225 650 20,498 49.1

Oct 675 24,943 1,000 26,618 5,225 650 20,743 49.7

Fille r Fille r Filler Filler Fille r Filler Fille r Fille r

Total Red

Meat 5/ 2014 1,230 47,441 4,149 52,820 7,436 1,191 44,194 101.7

2015 Proj. Sep 1,191 48,400 4,725 54,317 7,311 1,248 45,757 104.7

Oct 1,191 48,701 4,743 54,636 7,286 1,281 46,068 105.4 2016 Proj. Sep 1,248 49,957 4,235 55,440 7,721 1,247 46,472 105.5

Oct 1,281 50,207 4,235 55,723 7,661 1,247 46,815 106.3

Fille r Fille r Filler Filler Fille r Filler Fille r Fille r

Broiler 2014 669 38,137 117 38,923 7,301 680 30,942 83.3

2015 Proj. Sep 680 39,584 120 40,384 6,718 765 32,902 87.9

Oct 680 39,609 128 40,417 6,593 765 33,059 88.3 2016 Proj. Sep 765 40,660 116 41,541 7,150 685 33,706 89.4

Oct 765 40,487 116 41,368 7,100 685 33,583 89.1

Fille r Fille r Filler Filler Fille r Filler Fille r Fille r

Turkey 2014 237 5,756 29 6,022 805 193 5,023 15.7

2015 Proj. Sep 193 5,568 36 5,797 542 190 5,065 15.8

Oct 193 5,543 36 5,772 537 190 5,045 15.7 2016 Proj. Sep 190 6,010 28 6,228 740 250 5,238 16.2

Oct 190 6,010 36 6,236 740 250 5,246 16.2

Fille r Fille r Filler Filler Fille r Filler Fille r Fille r

Total Poultry 6/ 2014 912 44,414 148 45,474 8,216 877 36,381 100.3

2015 Proj. Sep 877 45,670 157 46,704 7,393 959 38,352 104.9

Oct 877 45,665 167 46,709 7,267 963 38,479 105.2 2016 Proj. Sep 959 47,210 146 48,315 8,022 939 39,354 106.8

Oct 963 47,037 154 48,154 7,976 939 39,239 106.5

Fille r Fille r Filler Filler Fille r Filler Fille r Fille r

Red Meat & Poultry 2014 2,142 91,855 4,297 98,294 15,652 2,067 80,574 202.0

2015 Proj. Sep 2,067 94,071 4,883 101,021 14,704 2,207 84,109 209.6

Oct 2,067 94,366 4,911 101,344 14,553 2,244 84,547 210.6 2016 Proj. Sep 2,207 97,167 4,381 103,755 15,743 2,186 85,826 212.3

Oct 2,244 97,243 4,389 103,876 15,637 2,186 86,053 212.8

1/ Total including farm production for red meats and, for pou ltry, federally inspected plus non-federally inspected, less condemnations. 2/ Pounds, retail-weight basis for red meat an d broilers; certified ready-to-cook weight for turkey. 3/ Population source: Dept. of Commerce, Census Bureau. 4/ Carcass weight for red meats and certified ready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton. 6/ Broilers, turkeys and mature chicken.

### October 2015

WASDE - 546 - 33

U.S. Egg Supply and Use

Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj.

Sep Oct Sep Oct

Eggs Million Dozen Supply Beginning Stocks 20.8 23.0 23.3 23.3 18.0 21.0

Production 8,144.6 8,334.8 7,912.0 7,917.0 8,141.0 8,141.0 Imports 16.9 34.7 45.8 64.8 48.0 48.0 Total Supply 8,182.3 8,392.4 7,981.1 8,005.1 8,207.0 8,210.0

Use Exports 371.8 393.8 316.7 321.7 350.0 350.0 Hatching Use 964.8 980.7 1,004.3 1,004.3 1,020.0 1,020.0 Ending Stocks 23.0 23.3 18.0 21.0 20.0 21.0 Disappearance

Total 6,822.6 6,994.6 6,642.1 6,658.1 6,817.0 6,819.0 Per Capita (number) 258.4 263.0 247.9 248.5 252.6 252.6

Total



### U.S. Milk Supply and Use

Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj.

Sep Oct Sep Oct

Milk Billion Pounds

Production 201.2 206.0 208.9 208.9 213.0 213.0

Farm Use 1.0 1.0 1.0 1.0 1.0 1.0 Fat Basis Supply

Beg. Commercial Stocks 12.2 11.2 11.2 11.2 12.1 12.2 Marketings 200.3 205.1 207.9 207.9 212.1 212.1 Imports 3.7 4.3 5.9 6.0 5.7 5.9 Total Cml. Supply 216.2 220.6 225.0 225.1 229.9 230.1

Fat Basis Use

Commercial Exports 12.4 12.4 9.1 9.0 10.0 10.0 Ending Commercial Stocks 11.2 11.2 12.1 12.2 12.1 12.1

CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0

Domestic Commercial Use 192.6 196.9 203.8 204.0 207.8 208.0 Skim-solid Basis Supply

Beg. Commercial Stocks 12.4 11.7 13.1 13.1 13.2 13.4 Marketings 200.3 205.1 207.9 207.9 212.1 212.1 Imports 5.3 5.6 6.6 6.4 6.4 6.3 Total Cml. Supply 217.9 222.4 227.7 227.4 231.6 231.8

Skim-solid Basis Use

Commercial Exports 38.6 39.1 38.6 38.3 39.5 39.5 Ending Commercial Stocks 11.7 13.1 13.2 13.4 13.5 13.5

CCC Donations 0.0 0.0 0.0 0.0 0.0 0.0

Domestic Commercial Use 167.7 170.2 175.9 175.7 178.6 178.8

Total

Note: Totals may not add due to rounding.

### October 2015

WASDE - 546 - 34

U.S. Dairy Prices

Commodity 2013 2014 2015 Proj. 2015 Proj. 2016 Proj. 2016 Proj.
Sep Oc t Sep Oc t

Product Prices 1/ Dollars Pe r Pound

Cheese 1.7683 2.1551 1.645-

1.665 1.665-

1.675 1.590-

1.690 1.600-

1.690

Butter 1.5451 2.1361 1.915-

1.955 1.920-

1.950 1.785-

1.915 1.840-

1.960 Nonfat Dry Milk 1.7066 1.7682 0.880-

0.900 0.910-

0.930 0.950-

1.020 0.960-

1.030 Dry Whey 0.5902 0.6538 0.380-

0.400 0.375-

0.385 0.345-

0.375 0.280-

0.310

Filler Dollars Pe r Cwt

Milk Prices 2/

Class III 17.99 22.34 15.80-

16.00 15.90-

16.00 15.00-

16.00 14.75-

15.65

Class IV 19.05 22.09 13.55-

13.85 13.85-

14.05 13.60-

14.70 13.95-

14.95

All Milk 3/ 20.05 23.97 16.80-

17.00 16.90-

17.00 16.10-

17.10 16.05-

16.95

1/ Simple average of monthly prices calculated by AMS from weekly averag e dairy product prices for class price computations. 2/ Annual Class III and Class IV prices are the simple averages of monthly minimum Federal order milk prices paid by regulated plants for milk used in the respective classes. All milk price is the simple average of monthly prices received by farmers for milk at average test . 3/ Does not reflect any deductions from producers as authori zed by legislation.

### October 2015

WASDE - 546 - 35

Reliability of October Projections 1/

N ote: Tables on pages 35-37 present a record of the October projection and the final Estimate. Using world wheat production as a n example, the "root mean square error" means

that chances are 2 out of 3 that the current forecast will not be above or below the final estimat e by more than 1.7 percent. Chances are 9 out of 10 (90% confidence level) that the difference will not exceed 2.9 percent. Th e average difference between the October pr ojection and the final estimate is 7.6 mil lion tons, ranging from 1.2 million to 26.7 million
tons. The October projection has been below the estimate 24 times and above 9 times

. Differences between forecast and final estimate

90 percen t Years
Commodity and Region Root mean

square erro r confidence interval Average Smalles t Largest Below

Final Above

Final

WHEAT Percen t M illion Metric Tons

Production

Worl d 1.7 2.9 7.6 1.2 26.7 24 9

U.S. 0.5 0.8 0.2 0.0 1.2 12 16

Forei g n 2.0 3.4 7.7 1.4 26.8 24 9

Ex p orts

Worl d 5.8 9.8 5.8 0.0 19.3 25 7

U.S. 8.3 14.1 2.3 0.3 10.0 15 18

Forei g n 6.9 11.7 5.3 0.5 17.3 27 6
Domestic Use

Worl d 1.5 2.6 6.6 0.5 22.7 19 14

U.S. 6.0 10.1 1.6 0.1 3.6 10 23

Forei g n 1.6 2.7 6.5 0.2 20.3 20 13

Endin g Stocks

Worl d 8.3 14.1 9.8 0.6 32.5 25 8

U.S. 11.7 19.9 2.1 0.0 6.8 18 15

Forei g n 8.8 15.0 8.4 0.0 29.3 25 8

COARSE GRAINS 2/

Production

Worl d 1.8 3.1 13.8 0.8 33.7 27 6
U.S. 2.8 4.7 4.5 0.1 17.9 19 14

Forei g n 2.3 3.8 12.6 0.6 30.0 28 5

Ex p orts

Worl d 7.5 12.7 7.1 0.1 28.9 23 10

U.S. 15.9 26.9 6.9 1.2 19.3 15 18

Forei g n 13.3 22.5 6.7 0.6 21.4 22 11
Domestic Use

Worl d 1.5 2.5 11.0 0.2 24.9 21 12

U.S. 3.8 6.4 5.9 0.0 17.0 17 16

Forei g n 1.6 2.7 9.1 0.0 23.7 22 11

Endin g Stocks

Worl d 11.9 20.2 14.6 0.2 41.2 26 7

U.S. 23.0 39.0 9.0 0.5 29.1 17 16

Forei g n 15.2 25.8 12.6 0.7 44.4 28 5

RICE

, milled

Production

Worl d 2.4 4.0 6.4 0.0 20.9 26 6
U.S. 3.3 5.6 0.1 0.0 0.5 19 14

Forei g n 2.4 4.1 6.4 0.1 21.0 26 7

Ex p orts

Worl d 9.5 16.1 1.5 0.1 6.3 25 8

U.S. 10.1 17.1 0.2 0.0 0.8 17 14

Forei g n 10.9 18.5 1.5 0.0 6.3 25 8
Domestic Use

Worl d 1.9 3.2 4.2 0.3 20.3 26 7

U.S. 7.4 12.6 0.2 0.0 0.6 16 16

Forei g n 1.9 3.2 4.2 0.1 20.7 26 7
Endin g Stocks

Worl d 11.2 19.1 4.8 0.2 16.3 26 7

U.S. 24.1 41.0 0.2 0.0 0.8 17 15

Forei g n 11.9 20.2 4.9 0.6 15.9 26 7

1/ Footnotes at end of table. CONTINUED

### October 2015

WASDE - 546 - 36

Reliability of October Projections (Continued) 1/

Differences between forecast and final estimate

90 percen t Years
Commodity and Region Root mean

square erro r confidence interval Average Smalles t Largest Below

Final Above

Final

SOYBEANS Percent Million Metric Tons

Production

World 4.5 7.7 6.2 0.1 28.7 18 15

U.S. 3.0 5.0 1.5 0.0 3.8 14 19 Foreign 7.4 12.5 6.2 0.0 28.1 17 16 Exports

World 7.8 13.3 3.4 0.3 13.0 20 13

U.S. 11.4 19.4 2.4 0.1 7.5 21 12 Foreign 18.9 32.1 2.8 0.1 11.4 15 18

Domestic Use

World 3.2 5.5 4.3 0.0 14.0 20 13

U.S. 3.9 6.7 1.4 0.0 4.5 22 11 Foreign 4.0 6.7 3.9 0.1 11.0 21 12 Ending Stocks

World 18.0 30.6 4.6 0.3 15.0 19 14

U.S. 41.2 69.9 2.1 0.0 6.6 6 27 Foreign 19.9 33.7 4.1 0.3 12.0 19 14

COTTON Million 480-Pound Bales

Production

World 4.3 7.2 2.6 0.0 10.6 18 14

U.S. 4.5 7.7 0.6 0.0 1.7 21 12 Foreign 5.0 8.4 2.5 0.0 10.4 17 15 Exports

World 7.9 13.5 2.0 0.1 8.5 19 14

U.S. 18.3 31.0 1.1 0.1 3.1 20 13 Foreign 10.9 18.6 1.6 0.1 8.3 16 17

Domestic Use

World 3.9 6.6 2.9 0.1 11.7 15 18

U.S. 7.7 13.1 0.4 0.0 1.2 18 14 Foreign 4.0 6.8 2.8 0.0 10.9 15 18 Ending Stocks

World 13.8 23.5 4.7 0.0 15.1 20 12

U.S. 32.3 54.8 1.2 0.0 4.3 9 23 Foreign 14.9 25.3 4.3 0.2 15.6 24 9

1/ Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2013/14, and for 2014/15 last month's estimate. 2/ Includes corn, sorghum , barley, oats, rye, millet, and mixed grain.

### October 2015

WASDE - 546 - 37

Reliability of United States October Projections 1/

Differences between forecast and final estimate

90 percen t Years

Root mean

square erro r confidence interval Average Smalles t Largest Below

Final Above

Final

CORN Percent Million Bushels

Production 2.9 5.0 178 5 618 18 15 Exports 16.4 27.8 244 12 700 14 19

Domestic Use 4.1 7.0 230 14 558 20 13 Ending Stocks 25.9 44.0 332 18 1,187 17 16

SORGHUM

Production 5.0 8.5 20 1 71 19 14 Exports 22.6 38.3 38 1 130 20 13

Domestic Use 17.6 29.9 35 0 114 15 17 Ending Stocks 49.4 83.8 31 0 142 11 21

BARLEY

Production 1.6 2.6 4 0 24 9 15 Exports 49.5 84.0 12 0 38 15 15

Domestic Use 7.3 12.4 19 0 70 12 20 Ending Stocks 13.7 23.2 14 1 56 21 12

OATS

Production 2.7 4.5 2 0 18 6 11 Exports 96.6 164.0 1 0 8 8 12

Domestic Use 4.9 8.3 11 0 39 13 19 Ending Stocks 24.0 40.7 16 1 47 23 10

SOYBEAN MEAL Thousand Short Tons

Production 3.7 6.2 1,075 123 2,815 23 10 Exports 12.1 20.6 755 0 2,100 18 14

Domestic Use 3.6 6.2 787 45 2,650 18 15 Ending Stocks 34.2 58.0 51 0 198 12 15

SOYBEAN OIL Million Pounds

Production 3.9 6.6 508 1 1,473 24 9 Exports 31.2 52.9 380 25 1,525 18 15

Domestic Use 4.0 6.8 428 20 1,928 22 11 Ending Stocks 27.2 46.1 407 35 1,327 16 17

ANIMAL PROD. 3/ Million Pounds

Beef 4.1 6.9 823 171 2,461 22 10

Pork 3.4 5.7 439 2 1,592 19 13

Broilers 2.0 3.3 453 49 1,337 20 12 Turkeys 3.8 6.5 142 2 444 18 14

Million Dozen

Eggs 1.8 3.0 94 4 468 20 12

Billion Pounds

Milk 1.6 2.7 1.9 0.0 6.8 18 13

1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice, soybeans, and cotton. Marketing years 1981/82 through 2014/15 for grains, soybeans, and cotton. Final for grains, soybeans, and cotton is defined as the first November estimate following the marketing year for 1981/82 through 2013/14, and for 2014/15 last month's estimate. Calendar years 1983 through 2014 for meats, eggs, and milk. Final for animal products is defined as the la test annual production estimate published by NASS for 1983-2014.

### WASDE-546-38



## Related USDA Reports

The WASDE report incorporates information from a number of statistical reports published by USDA and

other government agencies. In turn, the WASDE report provides a framework for more detailed reports

issued by USDA’s Economic Research Service and Foreign Agricultural Service. For more information on

how the WASDE report is prepared, go to: http://www.usda.gov/oc e/commodity/wasde

.



## Supply and Demand Database

The Foreign Agricultural Service publishes Produc tion, Supply, and Demand Online, a comprehensive

database of supply and demand balances by commodity for 19 0 countries and regions at

http://www.fas.usda.gov/psd/online . Data for grains, oilseeds, and cotton are updated monthly and data for

other commodities are updated less frequently.



## Foreign Production Assessments

Preliminary foreign production assessments and satellite imagery analysis used to prepare the WASDE

report are provided by the Production Estimates and Crop Assessment Division (PECAD) of the Foreign

Agricultural Service. PECAD is located at www.pecad.fas.usda.gov/.



## Metric Conversion Factors

1 Hectare = 2.4710 Acres

1 Kilogram = 2.20462 Pounds

Metric-Ton Equivalent = Domestic Unit Factor

Wheat & Soybeans

Rice
Corn, Sorghum, & Rye

Barley

Oats

Sugar

Cotton bushels

cwt

bushels

bushels

bushels

short tons

480-lb bales .027216

.045359

.025401

.021772

.014515

.907185

.217720

### .UNITED STATES DEPARTMENT OF AGRICULTURE
WORLD AGRICULTURAL OUTLOOK BOARD WASHINGTON, D.C. 20250-3812

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## World Agricultural Suppl y and Demand Estimates

WASDE-546 – October 9, 2015

Electronic Subscriptions: D ownload the WASDE report at http://usda.mannlib.cornell.edu/



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