united states agriculture grain - cornell university · 8/12/2014  · both russia and ukraine are...

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Grain: World Markets and Trade Approved by the World Agricultural Outlook Board - USDA United States Department of Agriculture Foreign Agricultural Service August 2014 Global Corn and Wheat Stocks Rebuild; Prices Fall For email subscription, click here to register: http://www.fas.usda.gov/data/grain-world-markets-and-trade Global corn and wheat stocks in 2014/15 are projected 26 million tons higher than last year and are the highest in 15 years. At the same time, U.S. export prices have tumbled from recent highs to the lowest levels in 4 years. Record world corn production will contribute to global corn stocks being projected more than 18 million tons higher than last year. However, this is driven almost entirely by larger inventories in the United States. Outside of China, there has been little foreign stock-building in recent years even as high global prices and strong demand have stimulated production in Argentina, Brazil, China, Ukraine, and elsewhere. Global wheat production is also projected at a record. Global stocks are continuing an upward trend and are projected more than 9 million tons higher than last year. Both Russia and Ukraine are projected to have large crops and account for over 40 percent of this year’s stock growth. Russia is typically the price leader, particularly during the first part of the season, and this year’s expected surplus is pressuring prices. In addition to Russia, lower global prices are reflecting ample supplies in other major exporting countries, a surplus of feed-quality wheat, and weak corn prices. In the coming months, planting decisions for Southern Hemisphere corn and Northern Hemisphere winter wheat will be made in the face of rising stocks and falling prices. 0 50 100 150 200 250 300 350 400 450 Corn Wheat 175 195 215 235 255 275 295 315 335 355 375 Soft Red Winter Corn $/ton fob U.S. Gulf MMT Global Corn and Wheat Stocks

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Page 1: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

Grain: World Markets and Trade

Approved by the World Agricultural Outlook Board - USDA

United States Department of Agriculture

Foreign Agricultural Service August 2014

Global Corn and Wheat Stocks Rebuild; Prices Fall

For email subscription, click here to register: http://www.fas.usda.gov/data/grain-world-markets-and-trade

Global corn and wheat stocks in 2014/15 are projected 26 million tons higher than last year and are the highest in 15 years. At the same time, U.S. export prices have tumbled from recent highs to the lowest levels in 4 years. Record world corn production will contribute to global corn stocks being projected more than 18 million tons higher than last year. However, this is driven almost entirely by larger inventories in the United States. Outside of China, there has been little foreign stock-building in recent years even as high global prices and strong demand have stimulated production in Argentina, Brazil, China, Ukraine, and elsewhere. Global wheat production is also projected at a record. Global stocks are continuing an upward trend and are projected more than 9 million tons higher than last year. Both Russia and Ukraine are projected to have large crops and account for over 40 percent of this year’s stock growth. Russia is typically the price leader, particularly during the first part of the season, and this year’s expected surplus is pressuring prices. In addition to Russia, lower global prices are reflecting ample supplies in other major exporting countries, a surplus of feed-quality wheat, and weak corn prices. In the coming months, planting decisions for Southern Hemisphere corn and Northern Hemisphere winter wheat will be made in the face of rising stocks and falling prices.

0

50

100

150

200

250

300

350

400

450

Corn Wheat

175195215235255275295315335355375

Soft Red Winter Corn

$/ton fob U.S. Gulf MMT Global Corn and Wheat Stocks

Page 2: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

TABLE OF CONTENTS

World Markets and Trade: Commentary and Current Data Wheat ................................................................................................................. 4 Rice .................................................................................................................... 9 Coarse Grains ................................................................................................... 13 Historical Data Series for Selected Regions and Countries ............................ 34 Endnotes to Grain: World Markets and Trade ............................................... 53 The Foreign Agricultural Service (FAS) updates its production, supply and distribution (PSD) database for cotton, oilseeds, and grains at 12:00 p.m. on the day the World Agricultural Supply and Demand Estimates (WASDE) report is released. This circular is released by 12:15 p.m. To download the tables in the publication, go to Production, Supply and Distribution Database (PSD Online): (http://apps.fas.usda.gov/psdonline/psdHome.aspx), scroll down to Reports, and Click the plus sign [+] next to Grains. FAS Reports and Databases: Current World Market and Trade and World Agricultural Production Reports:

http://apps.fas.usda.gov/psdonline/psdDataPublications.aspx Archives World Market and Trade and World Agricultural Production Reports:

http://usda.mannlib.cornell.edu/MannUsda/viewTaxonomy.do?taxonomyID=7 Production, Supply and Distribution Database (PSD Online): http://apps.fas.usda.gov/psdonline/psdHome.aspx Global Agricultural Trade System (U.S. Exports and Imports):

http://apps.fas.usda.gov/gats/default.aspx Export Sales Report:

http://apps.fas.usda.gov/esrquery/ Global Agricultural Information Network (Agricultural Attaché Reports):

http://gain.fas.usda.gov/Pages/Default.aspx Other USDA Reports: World Agricultural Supply and Demand Estimates (WASDE):

http://www.usda.gov/oce/commodity/wasde/ Economic Research Service:

http://www.ers.usda.gov/topics/crops National Agricultural Statistics Service:

http://www.nass.usda.gov/Publications/

Grain: World Markets and Trade, August 2014

2 August 2014

Page 3: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

All Grain Summary Comparison

Marketing Year

Wheat Rice, Milled Corn

2014/152013/142012/132014/152013/142012/132014/152013/142012/13

Production

United States (Jun-May) 61.7 58.0 55.2 6.3 6.1 7.3 273.8 353.7 356.4

Other 596.5 656.1 660.9 465.4 469.7 470.0 594.9 630.7 629.0

World Total 658.2 714.1 716.1 471.7 475.8 477.3 868.8 984.4 985.4

Domestic Consumption

United States (Jun-May) 38.1 34.0 32.4 3.8 3.9 4.3 263.6 296.7 297.4

Other 648.4 663.2 672.5 461.9 469.9 475.3 605.9 648.9 669.6

World Total 686.6 697.3 704.9 465.6 473.9 479.5 869.5 945.6 967.0

Ending Stocks

United States (Jun-May) 19.5 16.1 18.1 1.2 1.1 1.3 20.9 30.0 45.9

Other 156.1 167.6 174.9 108.8 109.1 104.1 117.3 141.1 141.9

World Total 175.6 183.7 193.0 109.9 110.1 105.4 138.1 171.1 187.8

TY Imports

United States (Jun-May) 3.4 4.8 4.1 0.7 0.7 0.7 4.3 0.7 0.8

Other 140.1 153.6 144.9 35.8 38.0 38.1 94.6 118.6 113.7

World Total 143.6 158.4 149.0 36.4 38.7 38.8 98.8 119.3 114.4

TY Exports

United States (Jun-May) 27.7 31.5 25.5 3.3 3.2 3.5 18.3 49.0 44.0

Other 119.3 129.9 126.2 36.1 37.6 37.7 82.3 73.7 73.1

World Total 147.0 161.4 151.7 39.4 40.7 41.2 100.5 122.7 117.1

Note: Consumption in this table has not been adjusted for differences in marketing year imports and exports

and therefore differs from global totals shown elsewhere.

Marketing years for U.S. grains are: Wheat (Jun-May), Rice (Aug-Jul), Corn (Sep-Aug).

'Marketing Year' column is germane for U.S. wheat only.

August 2014

Page 4: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

WHEAT: WORLD MARKETS AND TRADE OVERVIEW Global production for 2014/15 is raised to a record 716 million tons, largely driven by a bumper crop in Russia and a record crop in China. Global trade is nearly unchanged as the drop in EU exports is offset by Russia. U.S. exports are up slightly. The season-average farm price is projected lower. PRICES:

220

270

320

370

1/1/2014 2/1/2014 3/1/2014 4/1/2014 5/1/2014 6/1/2014 7/1/2014 8/1/2014$/

MT

U.S. Weekly FOB Export Bids

HRW SRW SWW HRS

Domestic: Prices of most wheat classes fell during the month of July, pressured by prospects for large global supplies of both wheat and corn. Hard Red Winter (HRW) plunged $23/ton to $290 due to better-than-expected yields. Soft Red Winter (SRW) dropped $6/ton to $239 and Soft White Wheat (SWW) is $8 lower at $263/ton. Hard Red Spring (HRS), on the other hand, surged $23/ton to $348 based on logistical difficulties in the Northern Plains and the Pacific Northwest.

Grain: World Markets and Trade, August 2014 4

August 2014

Page 5: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

TRADE CHANGES IN 2014/15 Selected Exporters

• European Union is slashed 3.0 million tons to 25.0 million as untimely rain lowered crop quality, particularly in France, Bulgaria, and Romania.

• India is cut 500,000 tons to 2.0 million based on reduced competitiveness with abundant global supplies of low-quality wheat.

• Russia is boosted 3.0 million tons to a record 22.5 million resulting from a larger crop and higher-than-average milling quality wheat.

• United States is raised 500,000 tons to 25.5 million based on higher-than-expected Hard Red Winter wheat supplies.

Selected Importers

• China is lowered 1.0 million tons to 2.0 million because of reduced demand for imported feed-quality wheat.

• Egypt is cut 500,000 tons to 10.1 million as changes in the bread subsidy program

dampen demand for imports.

• European Union is up 500,000 tons to 5.5 million with higher demand for milling-quality wheat.

• Iran is raised 500,000 tons to 4.5 million as the easing of sanctions is facilitating more trade.

• Russia is down 500,000 tons to 700,000 tons based on a larger crop.

TRADE CHANGES IN 2013/14 Selected Exporter- based on trade data

• European Union is raised 1.0 million tons to a record 31.5 million.

Selected Importer- based on trade data

• Iran is up 500,000 tons to 6.5 million.

Grain: World Markets and Trade, August 2014 5

August 2014

Page 6: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

World Wheat, Flour, and Products Trade

July/June Year, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15

Jul

2014/15

Aug

none

TY Exports

6,5006,5001,6007,45011,9517,742 Argentina

19,50019,50018,34121,26923,03118,455 Australia

21,00021,00022,12218,58117,60316,768 Canada

25,00028,00031,50022,62116,69123,086 European Union

2,0002,5005,4008,6511,72373 India

6,0006,0008,3006,80111,0695,519 Kazakhstan

22,50019,50018,50011,28921,6273,983 Russia

3,2003,2004,2943,5833,6782,944 Turkey

9,0009,0009,6507,1905,4364,302 Ukraine

1,5001,5001,3008111,7821,612 Uruguay

10,02510,0158,89511,05411,04613,560 Others

126,225126,715129,902119,300125,63798,044 Subtotal

25,50025,00031,49727,73428,14436,098 United States

151,725151,715161,399147,034153,781134,142 World Total

none

TY Imports

2,0001,8002,0501,6002,2002,000 Afghanistan

6,0006,0007,0006,4846,5006,516 Algeria

3,3003,3003,4002,7192,0163,951 Bangladesh

6,5006,5007,0617,5477,0536,742 Brazil

2,0003,0006,7732,9602,933927 China

10,10010,60010,1008,30011,65010,600 Egypt

5,5005,0003,9005,2777,3624,621 European Union

7,5007,5007,4007,1466,4576,606 Indonesia

4,5004,0006,5005,6002,400200 Iran

3,0003,0003,2463,9483,7843,631 Iraq

6,0006,0006,1236,5986,3545,869 Japan

4,2004,2004,2885,4395,1884,761 Korea, South

2,2002,2002,1501,9461,5611,474 Libya

3,5003,5004,6503,8265,0203,404 Mexico

3,0003,0003,9003,8253,6714,019 Morocco

4,6504,6504,5004,1403,9314,052 Nigeria

3,4003,2003,5003,6454,0753,224 Philippines

3,2503,2503,3501,9212,9041,739 Saudi Arabia

2,4002,3002,6001,7932,3601,595 Sudan

2,0002,0001,800963680428 Syria

2,0002,0001,7001,8452,6461,943 Thailand

5,5005,5004,2003,3124,4133,545 Turkey

2,2002,2002,2001,8632,6981,618 Uzbekistan

2,1002,1002,1501,6712,7112,459 Vietnam

3,3503,2503,3003,1492,6852,816 Yemen

44,77044,90545,76642,62844,88939,159 Others

144,920144,955153,607140,145148,141127,899 Subtotal

2,7052,6603,0253,4472,6163,645 Unaccounted

4,1004,1004,7673,4423,0242,598 United States

151,725151,715161,399147,034153,781134,142 World Total

TY=Trade Year, see Endnotes.

August 2014

Page 7: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

World Wheat Production, Consumption, and Stocks

Local Marketing Years, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15

Jul

2014/15

Aug

none

Production

12,50012,50010,5009,30015,50017,200 Argentina

26,00026,00027,01322,85629,90527,410 Australia

6,3006,3005,3004,3805,8005,900 Brazil

28,00028,00037,50027,20525,28823,300 Canada

126,000124,000121,930121,023117,400115,180 China

8,9508,9508,6508,5008,4007,200 Egypt

147,868147,875143,134133,850138,182136,667 European Union

95,85095,85093,51094,88086,87080,800 India

13,00013,00014,50013,80012,40013,500 Iran

13,50013,50013,9419,84122,7329,638 Kazakhstan

24,50024,50024,00023,30025,00023,900 Pakistan

59,00053,00052,09137,72056,24041,508 Russia

15,00015,00018,00015,50018,80017,000 Turkey

22,00021,00022,27815,76122,32416,844 Ukraine

6,8006,8006,8006,7006,3006,500 Uzbekistan

55,58354,69456,96451,87150,39148,185 Others

660,851650,969656,111596,487641,532590,732 Subtotal

55,23854,20557,96161,67154,41360,062 United States

716,089705,174714,072658,158695,945650,794 World Total

none

Total Consumption

9,8509,8509,8509,4508,9508,750 Algeria

11,90011,60011,40010,90011,20010,800 Brazil

9,7509,75011,2009,5989,8527,551 Canada

122,000122,000123,500125,000122,500110,500 China

18,70018,80018,90018,70018,60017,700 Egypt

125,500123,000116,000119,500127,234122,844 European Union

94,40093,90094,00683,82281,40481,760 India

7,4657,4657,0656,6506,2506,035 Indonesia

17,20017,20017,50016,40014,90015,700 Iran

8,9008,9009,0008,3008,8007,850 Morocco

24,40024,40024,10023,90023,10023,000 Pakistan

34,50033,50034,00033,55038,00038,600 Russia

17,30017,30017,75017,50018,10017,300 Turkey

12,00011,50011,50011,40014,95011,600 Ukraine

8,7008,7008,4008,0007,8007,700 Uzbekistan

149,886148,216149,068145,757144,329135,074 Others

674,376667,781672,024641,517664,896623,887 Subtotal

32,41432,14134,02538,14132,11030,639 United States

706,790699,922706,049679,658697,006654,526 World Total

none

Ending Stocks

5,7175,7175,3674,6547,0518,184 Australia

6,7227,0228,9925,0525,9327,360 Canada

63,27462,39058,27453,96055,94659,091 China

12,96112,05110,09310,55913,55311,934 European Union

16,30016,30017,83024,20019,95015,360 India

6,3345,8345,7344,0992382,030 Iran

8,2436,9435,5434,95210,89913,736 Russia

55,35755,31155,78048,62663,36057,040 Others

174,908171,568167,613156,102176,929174,735 Subtotal

18,05417,97416,05019,53820,21123,466 United States

192,962189,542183,663175,640197,140198,201 World Total

August 2014

Page 8: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

Regional Wheat Imports, Production, Consumption, and Stocks

Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14

Jul

2014/15

Aug

2014/15

TY Imports none

6,431 North America 8,541 7,753 9,857 8,080 8,080

1,684 Central America 1,666 1,662 1,840 1,815 1,820

13,158 South America 13,779 14,392 14,763 13,275 13,350

4,621 European Union - 28 7,362 5,277 3,900 5,000 5,500

1,614 Other Europe 1,913 1,633 1,825 1,820 1,820

5,498 Former Soviet Union - 12 8,022 7,228 7,665 7,830 7,330

17,324 Middle East 23,065 24,175 28,426 26,575 27,475

24,427 North Africa 24,855 22,052 24,850 23,300 22,800

15,093 Sub-Saharan Africa 18,484 17,437 18,745 18,945 18,995

13,889 East Asia 16,865 17,352 19,469 15,535 14,535

7,593 South Asia 5,466 5,306 6,890 6,775 6,990

16,341 Southeast Asia 18,016 16,356 17,100 17,100 17,300

2,824 Others 3,131 2,964 3,044 3,005 3,025

130,497 Total 151,165 143,587 158,374 149,055 149,020

Production none

87,038 North America 83,329 92,107 98,838 86,075 87,053

27,560 South America 25,768 18,406 19,978 24,033 24,033

136,667 European Union - 28 138,182 133,850 143,134 147,875 147,868

3,188 Other Europe 3,597 3,504 4,429 3,954 3,954

81,068 Former Soviet Union - 12 114,986 77,799 103,873 102,215 110,165

38,638 Middle East 39,282 36,380 40,935 35,130 35,130

15,914 North Africa 18,366 17,320 20,122 18,850 18,850

5,379 Sub-Saharan Africa 6,054 6,388 6,201 6,348 6,348

116,355 East Asia 118,775 122,483 123,238 125,358 127,352

110,949 South Asia 117,132 126,390 125,690 128,645 128,645

27,855 Oceania 30,288 23,345 27,453 26,510 26,510

183 Others 186 186 181 181 181

650,794 Total 695,945 658,158 714,072 705,174 716,089

Domestic Consumption none

44,640 North America 49,562 54,364 51,875 48,491 48,814

25,583 South America 26,121 26,428 27,077 27,220 27,700

122,844 European Union - 28 127,234 119,500 116,000 123,000 125,500

4,717 Other Europe 4,825 4,715 4,960 4,825 4,850

75,630 Former Soviet Union - 12 79,945 71,847 73,000 72,385 74,485

54,406 Middle East 56,273 56,763 59,440 58,080 58,390

38,805 North Africa 40,927 41,421 42,925 42,775 42,675

20,647 Sub-Saharan Africa 22,448 22,782 24,251 24,666 24,716

123,952 East Asia 137,057 139,882 137,221 135,465 135,465

117,003 South Asia 115,834 121,167 132,251 132,740 133,455

14,977 Southeast Asia 16,665 16,235 16,440 16,825 17,025

6,845 Oceania 7,819 8,106 8,275 8,170 8,160

3,354 Others 3,369 3,358 3,549 3,580 3,630

653,403 Total 688,079 686,568 697,264 698,222 704,865

Ending Stocks none

31,143 North America 26,718 24,868 25,697 25,416 25,096

8,580 South America 3,999 3,479 7,102 7,272 7,295

11,934 European Union - 28 13,553 10,559 10,093 12,051 12,961

1,176 Other Europe 1,367 1,067 1,084 980 938

23,551 Former Soviet Union - 12 26,874 14,679 15,965 18,942 20,920

12,074 Middle East 10,986 11,964 15,039 15,479 16,024

12,194 North Africa 14,094 11,441 12,963 11,988 11,463

1,367 Sub-Saharan Africa 2,374 2,251 2,113 1,685 1,685

62,150 East Asia 59,242 57,710 61,795 65,892 66,672

21,079 South Asia 25,425 28,144 21,704 19,934 19,984

3,991 Southeast Asia 4,703 4,154 4,036 3,509 3,566

8,580 Oceania 7,415 4,957 5,651 6,025 5,971

382 Others 390 367 421 369 387

198,201 Total 197,140 175,640 183,663 189,542 192,962

NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are reported

using local marketing years.

August 2014

Page 9: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

RICE: WORLD MARKETS AND TRADE

OVERVIEW Global trade in 2014/15 is down slightly from last month due to fewer exports by India. Production and stocks are lowered primarily based on reduced area in India. U.S. production is projected higher on yield, while trade is unchanged. Global Consumption Outpaces Production Exportable Supplies Remain Ample

Global consumption in 2014/15 is forecast to outpace production for the first time since 2006/07, mostly due to a drop in production in India. Additionally, India is projected to account for most of the 4 percent, year-to-year reduction to global stocks. Over the past eight years, India’s stocks have soared to massive levels due to recent bumper crops and a four-year partial export ban that ended in 2011. However, global exportable supplies are ample and trade is still projected at a record. SELECTED TRADE CHANGES

• India’s exports are lowered 300,000 tons to 8.7 million in 2015 due to a smaller

crop.

• Bangladesh’s imports are raised 200,000 tons in 2014 and 300,000 tons in 2015 to 700,000 and 500,000, respectively, to make up for reduced production.

• China’s imports are up 300,000 tons to 3.5 million in 2014 on the pace of shipments. • Indonesia’s imports are down 100,000 tons in 2014 on the timing of expected

purchases. • South Africa’s imports in 2014 are cut 100,000 tons to 1.0 million on trade data.

20

35

50

65

80

MMT

410

430

450

470

490

Production Consumption

MMT

*Thailand, India, Vietnam, Pakistan, United States

Grain: World Markets and Trade, August 2014

9

August 2014

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World Rice Trade

January/December Year, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15

Jul

2014/15

Aug

none

TY Exports

600600600526608732 Argentina

400450500460449311 Australia

8008009508301,1051,296 Brazil

1,3001,3001,3001,1631,3571,075 Burma

1,2001,2001,0001,075900860 Cambodia

350350300447267487 China

875875800700600320 Egypt

400400400345285257 Guyana

8,7009,00010,00010,48010,2504,637 India

200200200200200200 Japan

3,9003,9003,9004,1263,3993,414 Pakistan

260260250365262208 Paraguay

10,00010,0009,0006,7226,94510,647 Thailand

9509509009391,056841 Uruguay

6,7006,7006,5006,7007,7177,000 Vietnam

1,0251,0559991,0601,2531,039 Others

37,66038,04037,59936,13836,65333,324 Subtotal

3,5003,5003,1503,2933,2983,246 United States

41,16041,54040,74939,43139,95136,570 World Total

none

TY Imports

450450450430360275 Angola

500200700114531,486 Bangladesh

700700700712732591 Brazil

525525525550450310 Cameroon

3,7003,7003,5003,4832,900575 China

1,2001,2001,1509401,375935 Cote d'Ivoire

450450450413330558 Cuba

1,4001,4001,3501,3751,3131,496 European Union

620620600725595620 Ghana

1,0001,0001,4006501,9603,098 Indonesia

1,7001,7001,6502,2201,5001,870 Iran

1,4501,4501,4001,2941,4781,036 Iraq

700700700690650742 Japan

480480440410400335 Kenya

450450445580238532 Korea, South

1,1001,1001,1008901,0061,076 Malaysia

775775750746680705 Mexico

520520500500445360 Mozambique

3,5003,5003,0002,4003,4002,550 Nigeria

1,6001,6001,4501,0001,5001,200 Philippines

1,3251,3251,3251,3261,1931,059 Saudi Arabia

1,1001,1001,1001,0751,200805 Senegal

1,1001,1001,000990870885 South Africa

460460450440430420 United Arab Emirates

450450450432420337 Yemen

10,88310,87311,36811,38011,1069,551 Others

38,13837,82837,95335,76536,58433,407 Subtotal

2,3523,0422,0662,9912,7272,542 Unaccounted

670670730675640621 United States

41,16041,54040,74939,43139,95136,570 World Total

TY=Trade Year, see Endnotes.

Note about dates: 2014/15 is calendar year 2015, 2013/14 is calendar year 2014, and so on.

August 2014

Page 11: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

World Rice Production, Consumption, and Stocks

Local Marketing Years, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15

Jul

2014/15

Aug

none

Milled Production

34,60034,80034,39033,82033,70031,700 Bangladesh

8,3508,5008,3008,0377,8889,300 Brazil

12,15012,15011,95711,71511,47311,060 Burma

4,9004,9004,7254,6704,2684,233 Cambodia

144,000144,000142,530143,000140,700137,000 China

4,9004,9004,8804,6754,2503,100 Egypt

103,000104,000106,290105,240105,31095,980 India

37,00037,70036,00036,55036,50035,500 Indonesia

7,7007,7007,8327,7567,6467,720 Japan

4,1504,1504,2304,0064,2244,295 Korea, South

3,1003,1003,3613,0002,9702,680 Nepal

6,7006,7006,6005,8006,2005,000 Pakistan

12,20012,20011,81311,42810,71010,539 Philippines

20,50020,50020,46020,20020,46020,262 Thailand

28,20028,20028,00027,53727,15226,371 Vietnam

38,58338,70638,31837,93437,60337,613 Others

470,033472,206469,686465,368461,054442,353 Subtotal

7,3167,2276,1156,3365,8667,593 United States

477,349479,433475,801471,704466,920449,946 World Total

none

Consumption and Residual

35,20034,80034,90034,50034,30032,400 Bangladesh

7,9007,9507,9007,8507,9288,200 Brazil

11,00011,00010,50010,40010,20010,100 Burma

3,7003,7003,6503,5503,4003,370 Cambodia

148,000148,000146,300144,000139,600135,000 China

4,1004,1004,0004,0503,6203,300 Egypt

98,00098,00096,50094,03193,33490,206 India

39,20039,20038,50038,12738,18838,044 Indonesia

3,4503,4503,4003,3503,3003,250 Iran

8,2008,2008,2508,2508,0508,200 Japan

4,5904,5904,6074,5004,9055,175 Korea, South

6,1006,1006,0005,3005,6004,800 Nigeria

13,20013,20012,85012,85012,86012,900 Philippines

10,90010,90010,87510,60010,40010,300 Thailand

21,50021,50021,50021,90019,65019,400 Vietnam

60,21860,19160,21058,61356,78953,799 Others

477,797478,146471,666464,773456,275440,624 Subtotal

4,2884,2563,9333,7673,4924,329 United States

482,085482,402475,599468,540459,767444,953 World Total

none

Ending Stocks

46,04945,62646,69946,82645,02342,574 China

21,53022,23025,23025,44025,10023,500 India

4,1766,1815,3766,4767,4037,131 Indonesia

2,8242,8242,8242,7422,7472,712 Japan

2,5002,5001,9001,4871,5092,459 Philippines

13,59313,70813,69312,8089,3305,615 Thailand

1,5631,5631,1638631,8261,941 Vietnam

11,89312,64212,18812,13012,52312,165 Others

104,128107,274109,073108,772105,46198,097 Subtotal

1,2661,2731,0571,1561,3031,514 United States

105,394108,547110,130109,928106,76499,611 World Total

Note: All data are reported on a milled basis.

August 2014

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Regional Rice Imports, Production, Consumption, and Stocks

Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14

Jul

2014/15

Aug

2014/15

TY Imports none

1,654 North America 1,664 1,776 1,830 1,795 1,795

1,099 Caribbean 845 980 1,025 1,015 1,015

1,396 South America 1,896 1,702 1,847 1,907 1,907

128 Other Europe 114 125 130 130 130

366 Former Soviet Union - 12 456 544 531 441 441

6,099 Middle East 6,455 7,128 6,710 6,755 6,765

381 North Africa 777 487 495 520 520

9,865 Sub-Saharan Africa 12,245 11,850 12,555 12,830 12,830

2,444 East Asia 4,389 5,332 5,250 5,460 5,460

1,864 South Asia 737 712 1,160 770 1,070

6,418 Southeast Asia 5,488 3,611 4,905 4,750 4,750

2,314 Others 2,158 2,193 2,245 2,125 2,125

34,028 Total 37,224 36,440 38,683 38,498 38,808

Production none

7,739 North America 5,979 6,467 6,246 7,360 7,444

943 Caribbean 1,002 974 1,040 1,053 1,053

17,197 South America 15,215 15,855 16,237 16,522 16,362

2,172 European Union - 28 2,110 2,087 1,944 1,963 1,972

1,321 Former Soviet Union - 12 1,294 1,294 1,205 1,212 1,212

2,131 Middle East 2,170 2,135 2,330 2,349 2,333

3,139 North Africa 4,289 4,704 4,919 4,900 4,900

13,299 Sub-Saharan Africa 12,850 12,533 12,846 13,080 13,080

151,636 East Asia 155,342 157,692 157,585 158,781 158,781

138,116 South Asia 151,656 150,995 153,991 151,920 150,720

111,008 Southeast Asia 113,649 115,450 116,176 119,001 118,301

1,245 Others 1,364 1,518 1,282 1,292 1,191

449,946 Total 466,920 471,704 475,801 479,433 477,349

Domestic Consumption none

5,429 North America 4,668 4,965 5,143 5,496 5,528

1,109 Central America 1,156 1,181 1,208 1,231 1,208

2,055 Caribbean 1,997 1,959 2,066 2,073 2,073

14,427 South America 14,180 14,384 14,516 14,623 14,573

3,250 European Union - 28 3,300 3,250 3,200 3,200 3,200

1,425 Former Soviet Union - 12 1,422 1,568 1,548 1,453 1,453

8,293 Middle East 8,603 8,810 9,030 9,175 9,205

3,677 North Africa 4,045 4,572 4,509 4,560 4,560

21,584 Sub-Saharan Africa 23,702 24,342 25,436 25,680 25,680

151,568 East Asia 155,911 160,259 162,807 164,355 164,375

130,792 South Asia 136,823 137,673 141,161 142,540 142,940

98,530 Southeast Asia 99,148 101,968 102,541 104,221 104,221

634 Others 661 707 710 530 530

442,773 Total 455,616 465,638 473,875 479,137 479,546

Ending Stocks none

1,734 North America 1,455 1,345 1,240 1,498 1,459

249 Central America 273 241 231 273 230

122 Caribbean 157 104 103 98 98

2,220 South America 1,609 1,503 1,608 2,151 1,889

1,215 European Union - 28 1,117 1,146 1,040 1,010 1,022

1,731 Middle East 1,526 1,943 1,883 1,722 1,746

122 North Africa 487 427 532 517 517

1,360 Sub-Saharan Africa 2,212 1,906 1,581 1,486 1,486

46,690 East Asia 48,874 50,675 50,599 49,446 49,865

25,342 South Asia 27,511 27,019 27,067 24,419 23,297

18,599 Southeast Asia 21,369 23,202 23,942 25,692 23,572

27 Oceania 40 231 125 51 29

200 Others 134 186 179 184 184

99,611 Total 106,764 109,928 110,130 108,547 105,394

NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are reported

using local marketing years.

August 2014

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Grain: World Markets and Trade, August 2014

13

175

200

225

250

275

300

325

$/M

T

Corn Daily Export Bids

U.S. Gulf Brazil Paranagua Black Sea Argentina Up River

COARSE GRAINS: WORLD MARKETS AND TRADE OVERVIEW World corn production is a record in 2014/15 with larger production in the United States and EU more than offsetting a reduction for India. Global trade is down slightly. U.S. exports are higher on less competition from Argentina. The season-average farm price is slightly lower due to ample domestic supplies. For 2013/14, global trade is higher on stronger demand principally from Egypt and the EU. U.S. exports are slightly higher. The season-average farm price is unchanged. PRICES

Since the release of the July WASDE report, U.S. corn quotes are nearly unchanged at $197/ton; however, the gap between U.S. quotes and other origins has widened. Argentine and Brazilian quotes are now $12/ton and $6/ton below the United States, as South American shipments are expected to pick up. Black Sea quotes have eased $8/ton to $186/ton.

August 2014

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Grain: World Markets and Trade, August 2014

14

TRADE CHANGES IN 2014/15 Selected Exporters

U.S. corn is boosted 1.0 million tons to 44.0 million on a slightly larger crop and less

competition from Argentina’s 2014 harvest (2013/14 U.S. exports are up 1.0 million tons to 49.0 million).

Argentine corn is slashed 2.0 million tons to 15.0 million as more shipments are expected prior to October 1 (2013/14 exports are raised 1.5 million tons to 11.0 million).

Russian barley is boosted 300,000 tons to a record 3.8 million on a larger crop. Selected Importers

EU corn is cut 2.0 million tons to 11.0 million due to a larger crop and expectations that more feed-quality wheat will be available domestically.

Saudi corn is boosted 400,000 tons to 2.9 million because of favorable corn prices (2013/14 corn is boosted 200,000 tons to 2.5 million.)

Taiwanese corn is up 200,000 tons to 4.4 million for both 2014/15 and 2013/14.

Turkish corn is up 500,000 tons to a record 2.5 million, and barley is up 250,000 tons to 750,000 because of tight feed grain supplies.

TRADE CHANGES IN 2013/14 Selected Exporters- based on trade data

Canadian corn is up 300,000 tons to 1.5 million.

EU barley is raised 700,000 tons to 4.8 million.

U.S. sorghum is boosted 300,000 tons to 5.3 million.

Argentine sorghum is cut 200,000 tons to 1.0 million.

August 2014

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Grain: World Markets and Trade, August 2014

15

Selected Importers- based on trade data

Egyptian corn is raised 1.0 million tons to a record 8.0 million.

EU corn is boosted 1.0 million tons to a record 15.5 million.

Indonesian corn is up 300,000 tons to 3.1 million.

Israeli corn is raised 200,000 tons to 1.6 million.

Mexican corn is slashed 800,000 tons to 10.7 million.

Turkish corn is cut 300,000 tons to 1.2 million.

Turkish barley is up 700,000 tons to a record 1.0 million.

Chinese sorghum is up 500,000 tons to a record 3.9 million.

Japanese sorghum is down 300,000 tons to 1.3 million.

August 2014

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World Coarse Grain Trade

October/September Year, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15

Jul

2014/15

Aug

none

TY Exports

19,30521,30514,70529,49622,30718,628 Argentina

5,7255,7256,6506,4107,2794,897 Australia

22,01022,01020,51526,07812,67711,591 Brazil

3,7003,7005,0004,6693,8534,427 Canada

8,1058,1057,4308,9147,1775,865 European Union

2,6502,6503,7755,5414,8583,437 India

7,4107,1106,7854,3655,9971,029 Russia

2,3252,3251,8256282,3452,013 Serbia

2,5252,5252,3252,4131,8512,857 South Africa

18,46018,36022,48515,52717,4477,490 Ukraine

7,1257,1207,6557,5297,4654,540 Others

99,340100,93599,150111,57093,25666,774 Subtotal

48,88547,78554,66020,58640,15349,247 United States

148,225148,720153,810132,156133,409116,021 World Total

none

TY Imports

4,0103,9104,1103,2803,6912,949 Algeria

1,2051,2051,2051,2401,211650 Brazil

1,6251,6251,7251,3271,5231,271 Chile

10,00010,00011,3005,6047,9242,697 China

4,7304,7305,0304,0884,1034,155 Colombia

1,2001,2001,1001,0461,054999 Dominican Republic

6,5306,5308,0555,0967,2505,840 Egypt

11,30513,30515,80511,7666,9088,635 European Union

2,6002,6003,1002,7191,7243,041 Indonesia

5,8005,8005,5004,8005,7004,000 Iran

1,8651,8652,0001,5641,5301,446 Israel

18,90018,90018,20017,74317,73018,590 Japan

1,3001,3001,2001,2021,158917 Jordan

9,5909,59010,0908,2657,7268,168 Korea, South

1,2501,2501,1501,220829543 Libya

3,4003,4003,2003,0483,3092,809 Malaysia

11,40011,40011,1107,62312,81910,760 Mexico

2,6002,6002,4401,8312,4792,059 Morocco

2,4252,4252,4252,4041,9282,079 Peru

10,40510,00510,02512,39010,4858,138 Saudi Arabia

1,0001,0007507671,2821,959 Syria

4,5504,3504,5504,3984,4784,277 Taiwan

3,2502,5002,2001,922782496 Turkey

2,6002,6002,6002,1462,5961,251 Venezuela

2,0002,0002,2001,7001,6001,000 Vietnam

15,71515,46515,43613,84814,90213,895 Others

141,255141,555146,506123,037126,721112,624 Subtotal

3,8204,0154,1532,6183,546948 Unaccounted

3,1503,1503,1516,5013,1422,449 United States

148,225148,720153,810132,156133,409116,021 World Total

TY=Trade Year, see Endnotes.

August 2014

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World Coarse Grains Production, Consumption, and Stocks

Local Marketing Years, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15

Jul

2014/15

Aug

none

Production

35,16635,16633,46537,24630,10533,258 Argentina

11,75711,75712,37011,41412,25711,485 Australia

77,11377,11381,11384,25375,88460,380 Brazil

21,76521,76528,73524,42722,92122,668 Canada

228,750228,580225,070212,192198,635183,771 China

13,05013,05013,05012,28612,26411,193 Ethiopia

155,889154,046158,160145,888149,881142,829 European Union

39,03041,73042,71039,94042,25043,370 India

9,2009,2009,1008,5008,8506,800 Indonesia

30,14030,14030,21028,88125,68929,226 Mexico

19,20019,20019,20018,57317,42120,720 Nigeria

40,50038,50035,73528,65833,07716,416 Russia

14,05814,04315,33012,87313,26811,310 South Africa

9,2759,57513,07510,59511,29910,184 Turkey

36,50536,10039,91829,52733,47621,503 Ukraine

153,548153,338147,625145,998145,977144,115 Others

894,946893,303904,866851,251833,254769,228 Subtotal

372,863367,863369,431286,005323,728330,236 United States

1,267,8091,261,1661,274,2971,137,2561,156,9821,099,464 World Total

none

Domestic Consumption

13,83113,73113,09512,05010,51011,033 Argentina

59,90359,90358,37855,80353,65352,548 Brazil

20,77020,77022,14020,26220,28021,201 Canada

235,500235,500225,875209,671196,192188,448 China

13,67813,07813,58012,60512,73613,332 Egypt

13,15013,15013,15012,15011,85010,700 Ethiopia

157,870160,370164,495153,095151,460154,642 European Union

37,75039,35037,40035,27537,75038,850 India

19,10019,10018,40018,03017,99018,875 Japan

40,94040,94039,79536,19537,98539,785 Mexico

19,30019,30019,25018,70017,32120,670 Nigeria

31,80031,20028,61925,13427,72818,131 Russia

12,42312,02312,13511,63511,25011,206 South Africa

13,98013,23013,43012,95511,75511,075 Turkey

17,48017,28516,22714,66115,55913,772 Ukraine

232,489232,064223,982217,966213,652206,951 Others

942,161942,047927,076860,306866,183832,014 Subtotal

310,969308,828309,052276,232290,086298,033 United States

1,253,1301,250,8751,236,1281,136,5381,156,2691,130,047 World Total

none

Ending Stocks

6,4986,1985,4582,4831,3375,597 Argentina

16,38916,38917,98414,5599,82110,836 Brazil

81,87681,70678,75168,38660,37050,134 China

14,76612,61413,54712,85215,57916,733 European Union

3,6502,3502,0851,3791,8121,875 Russia

3,8633,2634,6983,4883,1251,650 Saudi Arabia

3,8313,8313,3112,3302,4212,149 Ukraine

42,17643,95548,79340,25046,25546,565 Others

173,049170,306174,627145,727140,720135,539 Subtotal

49,05749,11932,80023,53127,82032,288 United States

222,106219,425207,427169,258168,540167,827 World Total

August 2014

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Regional Coarse Grains Imports, Production, Consumption, and Stocks

Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14

Jul

2014/15

Aug

2014/15

TY Imports none

14,265 North America 16,725 14,647 14,711 15,110 15,110

2,900 Central America 2,769 2,470 3,001 3,200 3,200

2,193 Caribbean 2,159 2,327 2,385 2,510 2,510

10,536 South America 11,968 11,804 13,650 13,200 13,200

8,635 European Union - 28 6,908 11,766 15,805 13,305 11,305

1,139 Former Soviet Union - 12 1,038 725 900 880 880

18,690 Middle East 23,362 24,922 24,185 25,060 26,360

12,349 North Africa 15,320 13,037 17,005 15,240 15,340

2,044 Sub-Saharan Africa 3,238 2,677 2,720 2,895 2,995

33,888 East Asia 38,040 36,163 44,270 42,970 43,170

7,558 Southeast Asia 7,317 8,058 9,880 9,280 9,280

876 Others 1,019 942 1,145 1,055 1,055

115,073 Total 129,863 129,538 149,657 144,705 144,405

Production none

382,130 North America 372,338 339,313 428,376 419,768 424,768

106,037 South America 117,979 135,054 127,556 126,346 126,306

142,829 European Union - 28 149,881 145,888 158,160 154,046 155,889

9,996 Other Europe 9,497 6,584 9,434 9,531 9,531

47,506 Former Soviet Union - 12 78,620 68,211 87,627 86,631 89,286

19,559 Middle East 20,382 18,215 20,945 16,888 16,588

12,159 North Africa 11,142 10,129 11,657 11,389 11,389

99,903 Sub-Saharan Africa 100,100 104,528 102,589 105,740 105,755

185,731 East Asia 200,748 214,647 227,518 231,088 231,258

50,624 South Asia 50,314 48,598 51,738 50,778 48,078

26,374 Southeast Asia 28,379 29,138 30,818 31,676 31,676

12,030 Oceania 12,813 12,082 13,011 12,417 12,417

4,586 Others 4,789 4,869 4,868 4,868 4,868

1,099,464 Total 1,156,982 1,137,256 1,274,297 1,261,166 1,267,809

Domestic Consumption none

359,019 North America 348,351 332,689 370,987 370,538 372,679

84,120 South America 85,318 89,512 94,058 97,096 97,096

154,642 European Union - 28 151,460 153,095 164,495 160,370 157,870

8,714 Other Europe 8,374 7,104 7,847 8,071 8,071

41,822 Former Soviet Union - 12 54,383 50,195 56,191 60,481 61,151

38,540 Middle East 40,949 42,548 44,436 44,976 45,876

25,390 North Africa 25,266 24,636 27,050 27,360 28,160

98,828 Sub-Saharan Africa 98,484 104,498 102,279 105,230 105,730

221,781 East Asia 228,692 243,025 261,156 271,311 271,511

46,064 South Asia 45,658 43,484 46,173 48,329 46,729

33,139 Southeast Asia 34,612 35,867 37,615 39,020 39,020

7,495 Oceania 6,518 6,132 6,593 6,617 6,617

9,698 Others 9,692 9,634 10,123 10,423 10,423

1,129,252 Total 1,137,757 1,142,419 1,229,003 1,249,822 1,250,933

Ending Stocks none

37,878 North America 33,072 28,239 40,803 55,352 55,015

20,420 South America 13,958 19,162 26,075 25,147 25,440

16,733 European Union - 28 15,579 12,852 13,547 12,614 14,766

1,455 Other Europe 1,023 611 1,292 1,277 1,277

5,481 Former Soviet Union - 12 6,153 5,030 6,896 7,629 9,061

8,087 Middle East 10,492 9,775 11,393 8,426 9,015

4,784 North Africa 5,447 3,756 5,523 4,372 4,072

10,614 Sub-Saharan Africa 11,616 11,077 10,457 10,253 10,107

53,420 East Asia 63,410 71,061 81,563 84,183 84,355

3,071 South Asia 2,959 2,803 4,463 4,202 3,077

3,508 Southeast Asia 3,061 3,225 3,764 4,109 4,060

1,583 Oceania 978 915 798 883 883

793 Others 792 752 853 978 978

167,827 Total 168,540 169,258 207,427 219,425 222,106

NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are reported

using local marketing years.

August 2014

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World Corn Trade

October/September Year, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15

Jul

2014/15

Aug

none

TY Exports

15,00017,00011,00022,78916,50115,198 Argentina

22,00022,00020,50026,04412,67411,582 Brazil

1,0001,0001,5001,8134941,658 Canada

2,0002,0002,2002,1933,2871,096 European Union

2,5002,5003,5004,7684,6743,376 India

2,1002,1002,0002,8582,1881,201 Paraguay

3,5003,5004,0001,9172,02737 Russia

2,3002,3001,8006012,3312,004 Serbia

2,5002,5002,3002,3981,8312,839 South Africa

16,00016,00020,00012,72615,1575,008 Ukraine

4,2404,2404,8504,1444,1702,548 Others

73,14075,14073,65082,25165,33446,547 Subtotal

44,00043,00049,00018,26238,38945,162 United States

117,140118,140122,650100,513103,72391,709 World Total

none

TY Imports

3,6003,5003,6002,9093,2032,683 Algeria

800800800871937287 Brazil

1,3001,3001,500844906526 Chile

3,0003,0003,5002,7025,231979 China

4,2004,2004,5003,2643,2093,511 Colombia

900900900911746838 Cuba

1,2001,2001,1001,0461,054999 Dominican Republic

6,5006,5008,0005,0597,1545,803 Egypt

11,00013,00015,50011,3516,1137,385 European Union

850850750678691676 Guatemala

2,6002,6003,1002,7191,7243,041 Indonesia

4,8004,8005,0003,7004,0003,500 Iran

1,5001,5001,6001,2241,2211,029 Israel

16,00016,00015,50014,41214,89215,648 Japan

9,5009,50010,0008,1747,6368,107 Korea, South

3,4003,4003,2003,0483,3092,809 Malaysia

10,90010,90010,7005,67611,1728,252 Mexico

2,0002,0001,9001,6841,9431,738 Morocco

2,3002,3002,3002,2541,7721,939 Peru

2,9002,5002,5002,0631,8161,933 Saudi Arabia

4,4004,2004,4004,2324,3414,134 Taiwan

850850850846853677 Tunisia

2,5002,0001,2001,656729453 Turkey

2,6002,6002,6002,1462,5961,251 Venezuela

2,0002,0002,2001,7001,6001,000 Vietnam

12,06011,91011,4209,38811,56511,099 Others

113,660114,310118,62094,557100,41390,297 Subtotal

2,7303,0803,3301,6912,545728 Unaccounted

7507507004,265765684 United States

117,140118,140122,650100,513103,72391,709 World Total

TY=Trade Year, see Endnotes.

August 2014

Page 20: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

World Corn Production, Consumption, and Stocks

Local Marketing Years, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15

Jul

2014/15

Aug

none

Production

26,00026,00024,00027,00021,00025,200 Argentina

74,00074,00078,00081,50073,00057,400 Brazil

11,60011,60014,20013,06011,35912,043 Canada

222,000222,000218,490205,614192,780177,245 China

6,5006,5006,5006,1586,0694,895 Ethiopia

67,04665,64263,99058,86668,11858,265 European Union

21,00022,00024,19022,26021,76021,730 India

9,2009,2009,1008,5008,8506,800 Indonesia

22,50022,50022,40021,59118,72621,058 Mexico

7,7007,7007,7007,6309,2508,800 Nigeria

7,9007,9007,5407,2617,1307,271 Philippines

13,00013,00011,6358,2136,9623,075 Russia

6,6006,6006,4003,7506,4006,800 Serbia

13,50013,50014,75012,36512,75910,924 South Africa

27,00027,00030,90020,92222,83811,919 Ukraine

93,42193,76190,86090,23988,37786,329 Others

628,967628,903630,655594,929575,378519,754 Subtotal

356,427352,060353,715273,832313,949316,165 United States

985,394980,963984,370868,761889,327835,919 World Total

none

Total Consumption

9,0009,0008,3007,9007,0007,300 Argentina

56,50056,50055,00052,50050,50049,500 Brazil

12,20012,20012,20011,60511,63611,761 Canada

222,000222,000212,000200,000188,000180,000 China

12,80012,20012,70011,70011,70012,500 Egypt

74,50076,50077,00069,60069,50064,900 European Union

19,80020,30019,50017,50017,20018,100 India

11,90011,90011,80010,90010,5009,800 Indonesia

16,00016,00015,50014,50014,90015,700 Japan

9,9009,9009,9008,4817,8158,214 Korea, South

32,75032,75031,50027,00029,00029,500 Mexico

8,4008,4008,0007,4007,4007,200 Philippines

9,0009,0007,6006,4004,7003,200 Russia

11,80011,40011,50011,00010,70010,650 South Africa

10,90010,9009,9008,1007,8006,500 Ukraine

152,136151,486146,511141,284140,350133,552 Others

671,221670,786654,741601,609605,742567,352 Subtotal

297,447295,542296,686263,613279,074285,096 United States

968,668966,328951,427865,222884,816852,448 World Total

none

Ending Stocks

4,5354,5353,5251,3158994,041 Argentina

15,75015,75017,45014,1509,21210,278 Brazil

80,36080,36077,46067,57059,33549,415 China

6,9266,1055,3805,0906,6665,222 European Union

2,4112,6112,2611,0611,3161,112 Mexico

2,8643,0173,3393,0643,6763,418 South Africa

2,3912,3912,2411,1911,0511,121 Ukraine

26,64727,52729,42723,84727,33126,846 Others

141,884142,296141,083117,288109,486101,453 Subtotal

45,93245,75630,00720,85925,12228,644 United States

187,816188,052171,090138,147134,608130,097 World Total

August 2014

Page 21: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

Regional Corn Imports, Production, Consumption, and Stocks

Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14

Jul

2014/15

Aug

2014/15

TY Imports none

9,920 North America 12,684 10,434 11,800 12,150 12,150

2,889 Central America 2,766 2,470 3,000 3,200 3,200

8,372 South America 9,886 9,643 12,170 11,620 11,620

7,385 European Union - 28 6,113 11,351 15,500 13,000 11,000

329 Former Soviet Union - 12 328 324 415 415 415

9,942 Middle East 10,686 10,738 12,775 13,425 14,475

11,265 North Africa 13,799 11,145 15,000 13,550 13,650

1,547 Sub-Saharan Africa 2,581 2,005 2,095 2,390 2,390

29,024 East Asia 32,282 29,673 33,530 32,830 33,030

7,541 Southeast Asia 7,304 8,040 9,860 9,260 9,260

2,193 Caribbean 2,159 2,327 2,385 2,510 2,510

574 Others 590 672 790 710 710

90,981 Total 101,178 98,822 119,320 115,060 114,410

Production none

349,266 North America 344,034 308,483 390,315 386,160 390,527

93,105 South America 103,988 119,769 112,713 111,670 111,630

58,265 European Union - 28 68,118 58,866 63,990 65,642 67,046

8,291 Other Europe 7,810 4,915 7,690 7,781 7,781

18,434 Former Soviet Union - 12 34,121 32,310 46,898 44,160 44,160

6,448 Middle East 7,164 6,330 6,946 6,688 6,388

6,780 North Africa 5,722 5,891 6,001 5,951 5,951

57,860 Sub-Saharan Africa 62,101 60,719 61,851 62,596 62,596

178,955 East Asia 194,585 207,760 220,621 224,199 224,199

27,663 South Asia 28,536 29,705 31,830 29,660 28,660

3,549 Central America 3,698 3,740 3,743 3,743 3,743

26,135 Southeast Asia 28,138 28,893 30,573 31,431 31,431

1,168 Others 1,312 1,380 1,199 1,282 1,282

835,919 Total 889,327 868,761 984,370 980,963 985,394

Domestic Consumption none

326,357 North America 319,710 302,218 340,386 340,492 342,397

73,823 South America 75,021 78,456 82,620 85,545 85,445

64,900 European Union - 28 69,500 69,600 77,000 76,500 74,500

6,741 Other Europe 6,392 5,194 5,845 6,035 6,035

13,185 Former Soviet Union - 12 16,420 18,085 21,535 24,010 23,960

16,885 Middle East 17,348 18,081 19,060 20,935 21,335

18,525 North Africa 18,000 18,150 19,800 19,450 20,250

56,518 Sub-Saharan Africa 60,416 60,420 60,906 61,486 61,886

209,870 East Asia 217,047 229,434 244,005 254,335 254,535

23,981 South Asia 23,770 24,480 26,870 27,870 27,370

32,893 Southeast Asia 34,357 35,609 37,360 38,760 38,760

6,375 Central America 6,425 6,200 6,625 6,825 6,825

3,420 Others 3,369 3,556 3,585 3,735 3,735

853,473 Total 867,775 869,483 945,597 965,978 967,033

Ending Stocks none

31,019 North America 27,803 23,469 34,667 49,716 49,642

18,056 South America 12,608 17,238 23,261 22,433 22,426

5,222 European Union - 28 6,666 5,090 5,380 6,105 6,926

1,212 Other Europe 771 353 1,018 1,024 1,024

1,904 Former Soviet Union - 12 2,445 2,004 3,307 4,013 3,987

3,918 Middle East 4,548 3,541 3,807 3,190 3,240

2,102 North Africa 2,960 1,969 3,260 2,901 2,601

8,732 Sub-Saharan Africa 9,428 8,672 8,347 8,435 8,282

52,082 East Asia 61,836 69,729 79,775 82,367 82,369

1,549 South Asia 1,680 2,080 3,640 2,780 2,280

3,504 Southeast Asia 3,058 3,220 3,759 4,104 4,055

547 Central America 564 507 600 693 693

250 Others 241 275 269 291 291

130,097 Total 134,608 138,147 171,090 188,052 187,816

NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are reported

using local marketing years.

August 2014

Page 22: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

World Barley Trade

October/September Year, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15

Jul

2014/15

Aug

none

TY Exports

2,5002,5002,7003,6473,6311,531 Argentina

4,7004,7006,0004,6215,8194,088 Australia

8008001,6001,3161,4371,052 Canada

5,8005,8004,8006,4733,6464,581 European Union

1001002005425230 India

400400400151659224 Kazakhstan

15151520510 Moldova

3,8003,5002,7002,3663,668969 Russia

25252526149 Serbia

2,3002,2002,2002,6592,1662,446 Ukraine

1054515112035 Others

20,45020,04520,68521,97221,21714,975 Subtotal

250250325163179222 United States

20,70020,29521,01022,13521,39615,197 World Total

none

TY Imports

400400500364479262 Algeria

100100502510025 Belarus

400400400369274362 Brazil

3,0003,0003,8002,1842,5411,656 China

275275275232301251 Colombia

1,0001,0005001,1001,700500 Iran

300300275244276287 Israel

1,3001,3001,3001,3561,2571,359 Japan

750750750831750544 Jordan

400400400388376317 Kuwait

550550500573183179 Libya

1001001004714426 Mexico

600600500147536222 Morocco

1001001001039783 Peru

200200300278372411 Russia

7,5007,5007,50010,2008,6006,200 Saudi Arabia

500500250300200300 Syria

100100400764218281 Tunisia

7505001,0002664639 Turkey

550550550541524334 United Arab Emirates

9609609009511,4281,265 Others

19,83519,58520,35021,26320,40214,903 Subtotal

365210210441524146 Unaccounted

500500450431470148 United States

20,70020,29521,01022,13521,39615,197 World Total

TY=Trade Year, see Endnotes.

August 2014

Page 23: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

World Barley Production, Consumption, and Stocks

Local Marketing Years, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15

Jul

2014/15

Aug

none

Production

1,6501,6501,4981,5001,3501,500 Algeria

3,8503,8504,7505,0004,5002,950 Argentina

8,1008,1009,5457,4728,2217,995 Australia

2,1001,4001,6741,9171,9791,966 Belarus

7,0007,00010,2508,0127,8927,627 Canada

1,5501,4001,5001,6261,6371,972 China

1,8001,8001,8001,7821,5921,703 Ethiopia

56,20255,86959,61354,89651,88353,691 European Union

1,7301,7301,7501,6201,6601,350 India

3,2003,2003,2003,4002,9003,580 Iran

2,6002,6002,5391,5002,5931,313 Kazakhstan

1,7501,7502,7001,2002,3402,570 Morocco

18,50016,50015,38913,95216,9388,350 Russia

4,0004,0007,3005,5007,0005,900 Turkey

8,2007,8007,5616,9359,0988,484 Ukraine

9,2229,2079,3028,7318,5348,264 Others

131,454127,856140,371125,043130,117119,215 Subtotal

4,1964,0804,6834,7963,3923,925 United States

135,650131,936145,054129,839133,509123,140 World Total

none

Total Consumption

2,2502,2502,2502,0001,8001,600 Algeria

3,3003,3003,7003,0003,3004,200 Australia

2,1001,6001,8002,0002,1002,000 Belarus

6,8006,8007,9006,8096,9167,464 Canada

4,5004,5005,2004,0003,8004,050 China

1,8501,8501,8501,7251,6001,725 Ethiopia

50,50051,00053,70051,00051,20056,610 European Union

1,7501,7501,2001,5251,5501,350 India

4,3004,3004,1004,6004,1003,900 Iran

2,3002,3002,1001,3751,8251,475 Kazakhstan

3,0003,0002,4001,9003,1003,050 Morocco

13,80013,20012,60012,10014,3009,500 Russia

8,3258,7258,3258,1257,2256,325 Saudi Arabia

6,0505,1506,9506,2006,7506,000 Turkey

5,4005,2005,1005,1006,3006,000 Ukraine

17,07417,07417,14115,92715,39314,700 Others

133,013132,008137,003126,858131,013131,715 Subtotal

4,5504,4424,7444,6664,1924,537 United States

137,563136,450141,747131,524135,205136,252 World Total

none

Ending Stocks

7427429421,1941,4351,236 Algeria

1,2081,2081,7589831,1951,502 Canada

4,9074,3694,9555,0926,0697,938 European Union

1,2481,2481,3481,7481,3481,348 Iran

2,2159151,1157268481,386 Russia

3,4532,8534,2783,1032,7281,253 Saudi Arabia

1,2641,2648598731,172794 Ukraine

5,4805,2197,1475,4126,4656,860 Others

20,51717,81822,40219,13121,26022,317 Subtotal

1,7581,7501,7861,7501,3061,945 United States

22,27519,56824,18820,88122,56624,262 World Total

8/12/2014 11:23:18 AM

August 2014

Page 24: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

Regional Barley Imports, Production, Consumption, and Stocks

Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14

Jul

2014/15

Aug

2014/15

TY Imports none

227 North America 620 499 575 650 650

922 South America 851 1,064 985 985 985

288 European Union - 28 364 52 50 50 50

189 Other Europe 209 127 175 175 175

654 Former Soviet Union - 12 697 375 460 440 440

8,604 Middle East 12,557 13,956 11,260 11,560 11,810

960 North Africa 1,458 1,885 1,950 1,675 1,675

77 Sub-Saharan Africa 105 57 75 80 80

3,107 East Asia 3,924 3,663 5,225 4,425 4,425

8 South Asia 68 7 30 30 30

15 Oceania 19 9 15 15 15

15,051 Total 20,872 21,694 20,800 20,085 20,335

Production none

12,224 North America 11,771 13,840 15,483 11,630 11,746

3,869 South America 5,539 6,094 5,890 4,985 4,985

53,691 European Union - 28 51,883 54,896 59,613 55,869 56,202

1,142 Other Europe 1,189 1,193 1,268 1,274 1,274

21,606 Former Soviet Union - 12 32,199 25,948 29,153 30,125 33,225

11,459 Middle East 11,675 10,285 12,434 8,635 8,635

4,546 North Africa 4,410 3,309 4,727 4,509 4,509

2,095 Sub-Saharan Africa 2,099 2,283 2,266 2,260 2,275

2,215 East Asia 1,939 1,928 1,810 1,702 1,852

1,990 South Asia 2,267 2,152 2,457 2,437 2,437

8,303 Oceania 8,538 7,911 9,953 8,510 8,510

123,140 Total 133,509 129,839 145,054 131,936 135,650

Domestic Consumption none

12,701 North America 11,808 12,375 13,344 11,942 12,050

2,927 South America 3,062 3,351 3,665 3,695 3,695

56,610 European Union - 28 51,200 51,000 53,700 51,000 50,500

1,339 Other Europe 1,366 1,298 1,423 1,422 1,422

20,617 Former Soviet Union - 12 26,273 22,304 23,610 24,190 25,490

19,884 Middle East 22,016 22,585 23,646 22,371 22,871

5,882 North Africa 6,186 5,555 6,280 6,978 6,978

2,212 Sub-Saharan Africa 2,138 2,290 2,400 2,395 2,395

5,772 East Asia 5,555 5,806 6,955 6,255 6,255

1,992 South Asia 2,197 2,063 1,912 2,468 2,468

4,550 Oceania 3,650 3,425 4,125 3,725 3,725

134,486 Total 135,451 132,052 141,060 136,441 137,849

Ending Stocks none

3,647 North America 2,621 3,014 3,775 3,139 3,147

809 South America 562 686 1,167 942 942

7,938 European Union - 28 6,069 5,092 4,955 4,369 4,907

193 Other Europe 204 227 221 223 223

2,814 Former Soviet Union - 12 2,728 2,186 2,594 2,697 4,154

4,092 Middle East 5,847 6,139 7,506 5,186 5,725

2,612 North Africa 2,426 1,720 2,189 1,390 1,390

232 Sub-Saharan Africa 283 330 271 216 231

680 East Asia 984 768 843 715 865

205 South Asia 266 128 233 157 157

1,040 Oceania 576 591 434 534 534

24,262 Total 22,566 20,881 24,188 19,568 22,275

NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are reported

using local marketing years.

August 2014

Page 25: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

World Sorghum Trade

October/September Year, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15

Jul

2014/15

Aug

none

TY Exports

1,8001,8001,0003,0592,1631,893 Argentina

8008004001,4251,185575 Australia

757575757575 Ethiopia

50507523113231 India

505050507560 Nigeria

15015023012411334 Ukraine

30303026230 Uruguay

135135175151141148 Others

3,0903,0902,0355,1413,9072,816 Subtotal

4,6004,5005,3002,1361,5493,823 United States

7,6907,5907,3357,2775,4566,639 World Total

none

TY Imports

505050502530 Botswana

250250150404544729 Chile

3,9003,9003,900631844 China

250250250591592391 Colombia

505050503035 Ethiopia

200200200291126922 European Union

1,5001,5001,3001,8971,4811,418 Japan

3003002001,7891,3692,379 Mexico

200100100175125200 Sudan

1001001001168497 Taiwan

365365596634613521 Others

7,1657,0656,8966,6285,0736,726 Subtotal

525525438406380-88 Unaccounted

00124331 United States

7,6907,5907,3357,2775,4566,639 World Total

TY=Trade Year, see Endnotes.

August 2014

Page 26: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

World Sorghum Production, Consumption, and Stocks

Local Marketing Years, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15

Jul

2014/15

Aug

none

Production

4,8004,8004,2004,7004,2004,400 Argentina

2,0502,0501,1072,2302,2391,935 Australia

2,4002,4002,4002,1022,2222,314 Brazil

1,9001,9001,9401,9241,5001,990 Burkina

1,1501,1501,1501,1001,1501,099 Cameroon

9009007451,172648680 Chad

2,8002,8002,7002,5562,0512,456 China

4,0004,0004,0003,6043,9513,960 Ethiopia

5,3006,0005,2505,3006,0307,000 India

1,2001,2001,2001,2121,1911,257 Mali

7,0007,0007,1706,1746,4257,385 Mexico

1,2001,2001,2871,3768071,300 Niger

6,5006,5006,5005,9436,9006,750 Nigeria

3,8003,8002,2494,5244,6052,630 Sudan

800800800839807800 Tanzania

7,1067,1707,1086,9057,0726,432 Others

52,90653,67049,80651,66151,79852,388 Subtotal

10,90510,4149,8826,2725,4478,779 United States

63,81164,08459,68857,93357,24561,167 World Total

none

Total Consumption

2,7002,6002,7002,3001,9001,900 Argentina

1,2051,2058051,1051,1051,405 Australia

2,3002,3002,3002,3002,1752,075 Brazil

1,9001,9001,9001,9001,5001,900 Burkina

1,1751,1751,1751,1101,1751,109 Cameroon

9009008501,150650700 Chad

6,5006,5006,2003,2002,2002,200 China

4,0004,0004,0003,7003,7003,700 Ethiopia

5,2005,8005,2005,1506,0006,800 India

1,5001,5001,3001,9001,4751,460 Japan

1,2001,2001,2001,2001,3001,300 Mali

7,3007,3007,4008,1008,1009,400 Mexico

1,3001,3001,3001,2009501,250 Niger

6,5006,5006,4505,9006,8006,700 Nigeria

4,1004,0002,5504,7004,5003,000 Sudan

8,8248,8998,7199,3389,5019,765 Others

57,30557,62654,55153,02954,53554,679 Subtotal

5,8435,7154,4204,7753,9535,281 United States

63,14863,34158,97157,80458,48859,960 World Total

none

Ending Stocks

1,3841,0841,084784167950 Argentina

467467367272472425 Brazil

876876701326366467 China

389389414439560354 Ethiopia

226226226226214323 Mali

251281251281418724 Mexico

277277382588609399 Sudan

1,3981,5181,4161,4641,2471,540 Others

5,2685,1184,8414,3804,0535,182 Subtotal

8771,149641385583697 United States

6,1456,2675,4824,7654,6365,879 World Total

August 2014

Page 27: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

Regional Sorghum Imports, Production, Consumption, and Stocks

Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14

Jul

2014/15

Aug

2014/15

TY Imports none

2,380 North America 1,372 2,032 201 300 300

1,218 South America 1,200 1,071 465 565 565

922 European Union - 28 126 291 200 200 200

0 Other Europe 0 0 0 0 0

121 Middle East 101 194 125 60 60

120 North Africa 54 0 45 5 5

405 Sub-Saharan Africa 541 604 525 400 500

1,523 East Asia 1,655 2,650 5,305 5,505 5,505

17 Southeast Asia 13 18 20 20 20

21 Others 14 11 11 10 10

6,727 Total 5,076 6,871 6,897 7,065 7,165

Production none

16,164 North America 11,872 12,446 17,052 17,414 17,905

287 Central America 312 339 335 335 335

128 Caribbean 128 128 128 128 128

7,351 South America 7,124 7,484 7,342 7,962 7,962

629 European Union - 28 671 495 596 570 576

853 Middle East 764 814 800 800 800

708 North Africa 847 763 763 763 763

23,392 Sub-Saharan Africa 24,829 24,966 23,161 24,808 24,808

2,460 East Asia 2,054 2,560 2,704 2,804 2,804

7,145 South Asia 6,175 5,445 5,395 6,145 5,445

54 Southeast Asia 54 55 55 55 55

1,935 Oceania 2,239 2,230 1,107 2,050 2,050

61 Others 176 208 250 250 180

61,167 Total 57,245 57,933 59,688 64,084 63,811

Domestic Consumption none

14,681 North America 12,053 12,875 11,820 13,015 13,143

300 Central America 320 325 335 335 335

128 Caribbean 128 128 128 128 128

5,739 South America 6,006 6,085 6,177 6,212 6,312

1,535 European Union - 28 760 795 795 770 770

962 Middle East 789 1,052 935 885 885

857 North Africa 908 756 794 756 756

23,528 Sub-Saharan Africa 24,866 25,233 23,625 25,248 25,348

3,764 East Asia 3,771 5,221 7,610 8,110 8,110

6,955 South Asia 6,155 5,305 5,355 5,955 5,355

61 Southeast Asia 68 68 65 70 70

1,405 Oceania 1,105 1,105 805 1,205 1,205

30 Others 55 80 25 105 30

59,945 Total 56,984 59,028 58,469 62,794 62,447

Ending Stocks none

1,421 North America 1,001 666 892 1,430 1,128

32 Central America 25 39 40 40 40

1,429 South America 695 1,107 1,532 1,652 1,952

21 European Union - 28 14 27 23 16 24

35 Middle East 56 65 55 30 30

69 North Africa 60 66 73 80 80

1,626 Sub-Saharan Africa 1,864 2,018 1,794 1,557 1,549

549 East Asia 451 413 787 961 961

327 South Asia 223 145 120 295 170

361 Oceania 230 195 147 192 192

9 Others 17 24 19 14 19

5,879 Total 4,636 4,765 5,482 6,267 6,145

NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are reported

using local marketing years.

August 2014

Page 28: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

World Oats Trade

October/September Year, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15

Jul

2014/15

Aug

none

TY Exports

5551126 Argentina

200200225240174209 Australia

555639 Brazil

1,8001,8001,8001,3591,7631,496 Canada

1001005042106129 Chile

150150275126176113 European Union

1010104181 Russia

101010664 Others

2,2802,2802,3801,7842,2581,967 Subtotal

303030182837 United States

2,3102,3102,4101,8022,2862,004 World Total

none

TY Imports

000005 Albania

101010794 Algeria

000000 Argentina

555233 Bosnia and Herzegovina

10102591119 Canada

100100100876858 China

555112 Colombia

202020192211 Ecuador

555434 European Union

505050515464 Japan

100100110111134103 Mexico

40405036497 Norway

252525111115 South Africa

505050465649 Switzerland

5556811 Uruguay

00021312 Others

425425460392442367 Subtotal

18518515069114169 Unaccounted

1,7001,7001,8001,3411,7301,468 United States

2,3102,3102,4101,8022,2862,004 World Total

TY=Trade Year, see Endnotes.

August 2014

Page 29: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

World Oats Production, Consumption, and Stocks

Local Marketing Years, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15

Jul

2014/15

Aug

none

Production

1101101101106788 Algeria

460460445496345660 Argentina

1,1501,1501,3261,1211,2621,128 Australia

450400352422448442 Belarus

380380380361354379 Brazil

2,8002,8003,8902,8123,1582,451 Canada

700700595680451564 Chile

600580580600600525 China

8,0807,9788,3787,9067,9277,500 European Union

250250305200258134 Kazakhstan

9090908451111 Mexico

236236236236231299 Norway

5,0005,0004,9324,0275,3323,218 Russia

210210210210218204 Turkey

550500467630506458 Ukraine

327327326315372296 Others

21,39321,17122,62220,21021,58018,457 Subtotal

1,1221,0969569297791,178 United States

22,51522,26723,57821,13922,35919,635 World Total

none

Total Consumption

1201201201197589 Algeria

475475425500350650 Argentina

1,0001,0001,0259251,100900 Australia

425400375400450475 Belarus

375375375350350370 Brazil

1,5001,5001,7501,5181,3561,530 Canada

575575575575325475 Chile

700700675675625625 China

7,9007,9008,1007,8007,8007,793 European Union

250250275225225130 Kazakhstan

190190195195185185 Mexico

295295270295270295 Norway

5,0005,0004,9004,3005,0003,450 Russia

215215215215215210 Turkey

550500475600500475 Ukraine

489489490451519467 Others

20,21920,14420,30819,24119,58418,124 Subtotal

2,6972,6972,7772,7812,5492,789 United States

22,91622,84123,08522,02222,13320,913 World Total

none

Ending Stocks

11111116160134146 Australia

5815761,071506810733 Canada

565631622338 Chile

14412414413912784 China

817712782799796832 European Union

215215225203485167 Russia

636368815240 Ukraine

198174224195230207 Others

2,1852,0312,7062,0452,6572,247 Subtotal

479453359527798982 United States

2,6642,4843,0652,5723,4553,229 World Total

August 2014

Page 30: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

Regional Oats Imports, Production, Consumption, and Stocks

Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14

Jul

2014/15

Aug

2014/15

TY Imports none

1,590 North America 1,875 1,461 1,935 1,810 1,810

24 South America 31 26 30 30 30

4 European Union - 28 3 4 5 5 5

66 Other Europe 110 86 105 95 95

6 Former Soviet Union - 12 7 0 0 0 0

4 Middle East 4 0 0 0 0

4 North Africa 9 7 10 10 10

15 Sub-Saharan Africa 11 11 25 25 25

122 East Asia 122 138 150 150 150

0 Oceania 0 0 0 0 0

1,835 Total 2,172 1,733 2,260 2,125 2,125

Production none

3,740 North America 3,988 3,825 4,936 3,986 4,012

1,644 South America 1,191 1,577 1,463 1,585 1,585

7,500 European Union - 28 7,927 7,906 8,378 7,978 8,080

428 Other Europe 373 369 369 369 369

4,257 Former Soviet Union - 12 6,549 5,285 6,062 6,156 6,256

204 Middle East 218 210 210 210 210

125 North Africa 163 166 166 166 166

34 Sub-Saharan Africa 57 60 55 55 55

527 East Asia 602 602 582 582 602

1,176 Oceania 1,291 1,139 1,357 1,180 1,180

19,635 Total 22,359 21,139 23,578 22,267 22,515

Domestic Consumption none

4,504 North America 4,090 4,494 4,722 4,387 4,387

1,563 South America 1,092 1,490 1,448 1,500 1,500

7,793 European Union - 28 7,800 7,800 8,100 7,900 7,900

486 Other Europe 478 474 452 487 487

4,535 Former Soviet Union - 12 6,180 5,531 6,031 6,156 6,231

210 Middle East 215 215 215 215 215

126 North Africa 172 175 176 176 176

58 Sub-Saharan Africa 53 72 92 80 80

685 East Asia 685 730 725 750 750

948 Oceania 1,129 943 1,056 1,030 1,030

20,908 Total 21,894 21,924 23,017 22,681 22,756

Ending Stocks none

1,720 North America 1,611 1,034 1,436 1,035 1,066

126 South America 93 131 115 120 120

832 European Union - 28 796 799 782 712 817

50 Other Europe 48 31 53 30 30

235 Former Soviet Union - 12 592 332 343 324 348

10 Middle East 17 12 7 2 2

1 North Africa 1 1 1 1 1

14 Sub-Saharan Africa 29 28 16 16 16

95 East Asia 134 144 151 133 153

146 Oceania 134 60 161 111 111

3,229 Total 3,455 2,572 3,065 2,484 2,664

NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are reported

using local marketing years.

August 2014

Page 31: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

World Rye Trade

October/September Year, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15

Jul

2014/15

Aug

none

TY Exports

2525252525150 Belarus

100100100181159221 Canada

1501501501225971 European Union

100100757828422 Russia

55501692 Ukraine

000043 Others

380380400422540469 Subtotal

555783 United States

385385405429548472 World Total

none

TY Imports

5050506830236 European Union

151525341119 Israel

5050502746101 Japan

101010121111 Korea, South

151515211112 Norway

252525250150 Russia

555922 Switzerland

000180 Others

170170180197391331 Subtotal

15152511-17-7 Unaccounted

200200200221174148 United States

385385405429548472 World Total

TY=Trade Year, see Endnotes.

August 2014

Page 32: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

World Rye Production, Consumption, and Stocks

Local Marketing Years, Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14 2014/15

Jul

2014/15

Aug

none

Production

8001,3006481,082801735 Belarus

190190210337241237 Canada

70706062592 Chile

9,0709,11310,1878,7626,9007,576 European Union

3,5003,5003,3602,1322,9671,642 Russia

350350350370366365 Turkey

425400638676579464 Ukraine

163163168183181197 Others

14,56815,08615,62113,60412,09411,218 Subtotal

213213195176161189 United States

14,78115,29915,81613,78012,25511,407 World Total

none

Total Consumption

404052404540 Argentina

7501,3506501,000750650 Belarus

9595105124101136 Canada

70706062592 Chile

9,3009,3009,7008,7007,4008,204 European Union

5050502555105 Japan

505040503040 Kazakhstan

3,5003,5003,1002,0002,8501,850 Russia

350350350375375350 Turkey

450430625625625650 Ukraine

118118128170142155 Others

14,76015,34014,89813,20512,40612,216 Subtotal

432432425397318330 United States

15,19215,77215,32313,60212,72412,546 World Total

none

Ending Stocks

16518814016711079 Belarus

212126462551 Canada

8298701,1597927451,013 European Union

7777514 Japan

288288363153129250 Russia

181818182432 Turkey

99104129166132189 Ukraine

666335 Others

1,4331,5021,8481,3521,1731,633 Subtotal

11117101120 United States

1,4441,5131,8551,3621,1841,653 World Total

August 2014

Page 33: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

Regional Rye Imports, Production, Consumption, and Stocks

Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14

Jul

2014/15

Aug

2014/15

TY Imports none

148 North America 174 221 200 200 200

0 South America 0 0 0 0 0

36 European Union - 28 302 68 50 50 50

14 Other Europe 13 31 20 20 20

150 Former Soviet Union - 12 5 25 25 25 25

19 Middle East 14 34 25 15 15

0 Sub-Saharan Africa 0 0 0 0 0

112 East Asia 57 39 60 60 60

0 Oceania 0 0 0 0 0

479 Total 565 418 380 370 370

Production none

426 North America 402 513 405 403 403

45 South America 107 105 115 113 113

7,576 European Union - 28 6,900 8,762 10,187 9,113 9,070

76 Other Europe 62 47 47 47 47

2,883 Former Soviet Union - 12 4,375 3,940 4,689 5,250 4,775

365 Middle East 366 370 350 350 350

3 Sub-Saharan Africa 3 3 3 3 3

0 East Asia 0 0 0 0 0

33 Oceania 40 40 20 20 20

11,407 Total 12,255 13,780 15,816 15,299 14,781

Domestic Consumption none

466 North America 419 521 530 527 527

45 South America 107 105 115 113 113

8,204 European Union - 28 7,400 8,700 9,700 9,300 9,300

89 Other Europe 75 78 67 67 67

3,190 Former Soviet Union - 12 4,255 3,675 4,415 5,330 4,750

369 Middle East 386 409 375 365 365

3 Sub-Saharan Africa 2 3 3 3 3

116 East Asia 66 37 60 60 60

30 Oceania 40 40 20 20 20

12,512 Total 12,750 13,568 15,285 15,785 15,205

Ending Stocks none

71 North America 36 56 33 32 32

0 South America 0 0 0 0 0

1,013 European Union - 28 745 792 1,159 870 829

0 Other Europe 0 0 0 0 0

523 Former Soviet Union - 12 374 489 638 586 558

32 Middle East 24 18 18 18 18

0 Sub-Saharan Africa 0 0 0 0 0

14 East Asia 5 7 7 7 7

0 Oceania 0 0 0 0 0

1,653 Total 1,184 1,362 1,855 1,513 1,444

NOTES: Regional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are reported

using local marketing years.

August 2014

Page 34: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

HISTORICAL DATA SERIES FOR SELECTED REGIONS AND COUNTRIES

CONTENTS

European Union: Grain Supply and Demand ............................................... 35 China: Grain Supply and Demand ................................................................ 36 Other Europe: Grain Supply and Demand .................................................... 37 Former Soviet Union: Grain Supply and Demand ........................................ 38 Wheat Supply and Disappearance: Selected Exporters ................................ 42 Corn Supply and Disappearance: Selected Exporters ................................... 44 Barley Supply and Disappearance: Selected Exporters ................................ 46 Sorghum Supply and Disappearance: Selected Exporters ............................ 47

U.S. Grains: Supply and Distribution……………………………. .... ……..48 Total Wheat and Coarse Grains: Supply and Demand ................................. 49 World Wheat and Coarse Grains: Supply and Demand ............................... 50 World Corn and Barley: Supply and Demand .............................................. 51 World Rice: Supply and Demand ................................................................. 52

DG F/SA &F

Grain: World Markets and Trade, August 2014

34 August 2014

Page 35: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

European Union: Grain Supply and Demand

Wheat and Coarse Grains Millions of Metric Tons/Hectares

Area

Harvested

Yield Production Imports Exports Feed Dom.

Consumpti

Domestic

Consumpti

Ending

Stocks

Wheat

111.4 115.852.59.97.44.524.5 2003/04 12.0

147.7 123.959.314.77.15.626.2 2004/05 28.3

132.9 128.263.015.76.85.126.0 2005/06 24.0

125.7 126.260.213.95.25.124.7 2006/07 14.8

120.8 117.252.412.46.84.924.9 2007/08 12.8

151.9 127.660.525.47.75.726.8 2008/09 19.4

139.7 125.657.522.35.45.426.0 2009/10 16.6

136.7 122.852.523.14.65.326.0 2010/11 11.9

138.2 127.257.516.77.45.325.8 2011/12 13.6

133.9 119.551.022.65.35.225.9 2012/13 10.6

143.1 116.048.031.53.95.625.8 2013/14 10.1

147.9 125.557.025.05.55.626.6 2014/15 13.0

Coarse Grains

134.1 147.7111.94.08.24.033.2 2003/04 13.6

169.1 155.2118.94.83.05.033.9 2004/05 25.6

149.5 150.7112.44.32.74.533.2 2005/06 22.8

140.0 150.6112.94.58.14.332.4 2006/07 15.6

138.7 157.1121.64.520.34.332.6 2007/08 13.0

164.9 154.2116.15.73.14.834.0 2008/09 21.3

157.5 152.4114.83.02.94.832.9 2009/10 26.2

142.8 154.6116.96.28.54.730.2 2010/11 16.7

149.9 151.5113.26.57.05.030.2 2011/12 15.6

145.9 153.1113.77.411.84.731.3 2012/13 12.9

158.2 164.5123.18.815.85.031.4 2013/14 13.5

155.9 157.9116.18.111.35.130.9 2014/15 14.8

Wheat and Coarse Grains

245.5 263.5164.313.915.64.357.7 2003/04 25.6

316.8 279.1178.219.510.05.360.1 2004/05 53.9

282.3 278.9175.420.09.44.859.1 2005/06 46.8

265.7 276.8173.118.513.24.757.0 2006/07 30.4

259.5 274.2174.116.927.14.557.5 2007/08 25.9

316.8 281.8176.631.110.85.260.9 2008/09 40.6

297.3 278.0172.325.38.25.058.9 2009/10 42.8

279.5 277.5169.429.313.15.056.2 2010/11 28.7

288.1 278.7170.723.214.35.156.0 2011/12 29.1

279.7 272.6164.730.017.14.957.3 2012/13 23.4

301.3 280.5171.140.319.75.357.2 2013/14 23.6

303.8 283.4173.133.116.85.357.4 2014/15 27.7

August 2014

Page 36: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

China: Grain Supply and Demand

Wheat and Coarse Grains Millions of Metric Tons/Hectares

Area

Harvested

Yield Production Imports Exports Feed Dom.

Consumpti

Domestic

Consumpti

Ending

Stocks

Wheat

86.5 104.56.02.83.73.922.0 2003/04 43.3

92.0 102.04.01.26.74.321.6 2004/05 38.8

97.4 101.53.51.41.14.322.8 2005/06 34.5

108.5 102.04.02.80.44.623.6 2006/07 38.6

109.3 106.08.02.80.04.623.7 2007/08 39.1

112.5 105.58.00.70.54.823.6 2008/09 45.8

115.1 107.010.00.91.44.724.3 2009/10 54.4

115.2 110.513.00.90.94.724.3 2010/11 59.1

117.4 122.524.01.02.94.824.3 2011/12 55.9

121.0 125.025.01.03.05.024.3 2012/13 54.0

121.9 123.523.00.96.85.124.1 2013/14 58.3

126.0 122.021.01.02.05.224.1 2014/15 63.3

Coarse Grains

124.0 138.399.17.71.54.626.8 2003/04 45.9

138.3 141.1100.37.62.14.928.0 2004/05 37.6

147.8 147.1103.53.82.35.128.8 2005/06 36.8

159.1 153.6104.95.51.25.130.9 2006/07 38.0

159.2 157.9106.70.91.25.031.9 2007/08 39.5

172.4 161.2109.10.21.75.432.2 2008/09 52.2

169.8 173.3119.10.23.85.133.4 2009/10 52.3

183.8 188.4128.80.22.75.334.6 2010/11 50.1

198.6 196.2132.00.17.95.635.5 2011/12 60.4

212.2 209.7146.10.15.65.737.1 2012/13 68.4

225.1 225.9160.10.111.35.938.4 2013/14 78.8

228.8 235.5167.40.110.05.938.9 2014/15 81.9

Wheat and Coarse Grains

210.5 242.8105.110.55.34.348.8 2003/04 89.2

230.2 243.1104.38.88.84.649.6 2004/05 76.4

245.2 248.6107.05.23.44.751.6 2005/06 71.3

267.6 255.6108.98.21.54.954.5 2006/07 76.6

268.5 263.9114.73.71.24.855.6 2007/08 78.6

284.9 266.7117.10.92.15.155.8 2008/09 98.0

284.9 280.3129.11.15.24.957.6 2009/10 106.7

299.0 298.9141.81.13.65.158.9 2010/11 109.2

316.0 318.7156.01.110.95.359.8 2011/12 116.3

333.2 334.7171.11.18.65.461.3 2012/13 122.3

347.0 349.4183.11.018.15.662.5 2013/14 137.0

354.8 357.5188.41.112.05.663.0 2014/15 145.2

August 2014

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Other Europe: Grain Supply and Demand

Wheat and Coarse Grains Millions of Metric Tons/Hectares

Area

Harvested

Yield Production Imports Exports Feed Dom.

Consumpti

Domestic

Consumpti

Ending

Stocks

Wheat

2.8 4.50.50.01.42.71.0 2003/04 0.7

4.6 5.20.90.31.44.31.1 2004/05 1.2

3.8 5.10.90.21.43.81.0 2005/06 1.1

3.5 4.60.70.31.53.61.0 2006/07 1.2

3.7 4.80.90.51.93.81.0 2007/08 1.5

4.0 5.11.10.41.74.40.9 2008/09 1.7

3.8 5.01.00.51.73.91.0 2009/10 1.7

3.2 4.70.80.61.63.70.9 2010/11 1.2

3.6 4.81.00.51.94.20.9 2011/12 1.4

3.5 4.70.90.71.64.10.9 2012/13 1.1

4.4 5.01.21.31.84.61.0 2013/14 1.1

4.0 4.91.11.11.84.40.9 2014/15 0.9

Coarse Grains

6.6 7.96.90.10.73.12.1 2003/04 0.7

10.4 9.58.40.60.55.02.1 2004/05 1.5

10.2 9.88.61.30.64.82.1 2005/06 1.3

9.9 9.78.60.90.84.92.0 2006/07 1.3

6.9 7.96.80.10.93.42.0 2007/08 1.1

9.7 8.77.61.50.64.62.1 2008/09 1.1

9.7 8.77.51.40.74.92.0 2009/10 1.4

10.0 8.77.32.00.75.02.0 2010/11 1.5

9.5 8.47.02.40.84.62.1 2011/12 1.0

6.6 7.15.90.60.73.22.1 2012/13 0.6

9.4 7.86.61.80.94.72.0 2013/14 1.3

9.5 8.16.82.30.94.72.0 2014/15 1.3

Wheat and Coarse Grains

9.4 12.47.30.12.03.03.1 2003/04 1.4

15.1 14.89.30.91.94.83.2 2004/05 2.7

14.0 14.99.51.42.04.53.1 2005/06 2.4

13.4 14.39.31.22.34.53.0 2006/07 2.5

10.6 12.77.70.62.73.53.0 2007/08 2.6

13.7 13.88.71.92.34.63.0 2008/09 2.8

13.5 13.78.51.92.44.53.0 2009/10 3.1

13.2 13.48.12.62.44.62.9 2010/11 2.6

13.1 13.28.02.92.74.52.9 2011/12 2.4

10.1 11.86.91.32.43.42.9 2012/13 1.7

13.9 12.87.83.12.74.63.0 2013/14 2.4

13.5 12.97.83.42.74.62.9 2014/15 2.2

August 2014

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Former Soviet Union: Grain Supply and Demand

Wheat and Coarse Grains Millions of Metric Tons/Hectares

Area

Harvested

Yield Production Imports Exports Feed Dom.

Consumpti

Domestic

Consumpti

Ending

Stocks

Wheat

115.5 76.224.438.26.62.350.6 2008/09 22.6

114.0 78.326.137.35.42.252.6 2009/10 26.5

81.1 75.624.013.95.51.845.8 2010/11 23.6

115.0 79.928.039.78.02.349.7 2011/12 26.9

77.8 71.821.225.47.21.844.0 2012/13 14.7

103.9 73.022.437.37.72.247.7 2013/14 16.0

110.2 74.523.738.17.32.347.5 2014/15 20.9

Coarse Grains

79.2 58.241.617.20.72.630.3 2008/09 9.4

67.7 55.039.115.00.42.527.2 2009/10 7.4

47.5 41.828.48.81.22.221.9 2010/11 5.5

78.6 54.438.624.61.02.927.0 2011/12 6.2

68.2 50.235.519.90.72.527.5 2012/13 5.0

87.6 56.240.330.40.93.029.4 2013/14 6.9

89.3 61.245.126.90.93.029.8 2014/15 9.1

August 2014

Page 39: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

Millions of Tons/Hectares

Former Soviet Union: Grain Supply and Demand (Wheat)

Area

Harvested

Ending

Stocks

Total

Consumpti

Feed and

Residual

MY

Exports

MY

Imports

ProductionYieldCountry Mktg Year

Former Soviet Union - 12

Kazakhstan

22.7 7.62.611.80.01.713.7 2011/12 6.2

9.8 6.82.06.30.00.812.4 2012/13 2.9

13.9 6.82.08.40.01.113.0 2013/14 1.7

13.5 6.82.06.00.01.112.7 2014/15 2.4

Russia

56.2 38.015.521.60.62.324.8 2011/12 10.9

37.7 33.611.911.31.21.821.3 2012/13 5.0

52.1 34.012.518.51.02.223.4 2013/14 5.5

59.0 34.513.022.50.72.523.8 2014/15 8.2

Ukraine

22.3 15.06.15.40.13.46.7 2011/12 5.4

15.8 11.43.17.20.02.85.6 2012/13 2.6

22.3 11.53.49.70.13.46.6 2013/14 3.8

22.0 12.04.09.00.13.56.3 2014/15 4.9

Uzbekistan

6.3 7.81.60.72.74.51.4 2011/12 1.4

6.7 8.01.70.41.94.81.4 2012/13 1.6

6.8 8.41.90.32.24.91.4 2013/14 1.9

6.8 8.72.00.32.24.91.4 2014/15 1.9

Other Former Soviet Union - 12

7.4 11.62.20.24.72.33.2 2011/12 3.1

7.8 12.12.50.34.12.43.3 2012/13 2.6

8.8 12.32.60.44.42.63.4 2013/14 3.0

8.9 12.52.70.34.32.73.3 2014/15 3.5

Total Former Soviet Union - 12

115.0 79.928.039.78.02.349.7 2011/12 26.9

77.8 71.821.225.47.21.844.0 2012/13 14.7

103.9 73.022.437.37.72.247.7 2013/14 16.0

110.2 74.523.738.17.32.347.5 2014/15 20.9

August 2014

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Millions of Tons/Hectares

Former Soviet Union: Grain Supply and Demand (Barley)

Area

Harvested

Ending

Stocks

Total

Consumpti

Feed and

Residual

MY

Exports

MY

Imports

ProductionYieldCountry Mktg Year

Former Soviet Union - 12

Kazakhstan

2.6 1.81.50.70.01.71.5 2011/12 0.2

1.5 1.41.20.20.00.91.6 2012/13 0.2

2.5 2.11.80.40.01.41.8 2013/14 0.2

2.6 2.32.00.40.01.32.0 2014/15 0.1

Russia

16.9 14.39.83.50.42.27.7 2011/12 0.8

14.0 12.17.72.20.31.87.6 2012/13 0.7

15.4 12.68.22.70.31.98.0 2013/14 1.1

18.5 13.89.03.80.22.38.2 2014/15 2.2

Ukraine

9.1 6.34.72.50.02.53.7 2011/12 1.2

6.9 5.13.52.10.02.13.3 2012/13 0.9

7.6 5.13.42.50.02.33.2 2013/14 0.9

8.2 5.43.82.40.02.73.0 2014/15 1.3

Uzbekistan

0.2 0.30.30.00.13.20.1 2011/12 0.0

0.2 0.30.20.00.03.20.1 2012/13 0.0

0.2 0.30.20.00.03.20.1 2013/14 0.0

0.2 0.30.20.00.03.20.1 2014/15 0.0

Other Former Soviet Union - 12

3.3 3.52.70.00.22.51.3 2011/12 0.5

3.3 3.52.60.00.12.71.2 2012/13 0.4

3.4 3.62.70.00.12.51.4 2013/14 0.4

3.7 3.72.90.00.22.71.4 2014/15 0.5

Total Former Soviet Union - 12

32.2 26.319.06.70.72.314.3 2011/12 2.7

25.9 22.315.24.60.41.913.8 2012/13 2.2

29.2 23.616.35.60.52.014.5 2013/14 2.6

33.2 25.517.96.60.42.314.6 2014/15 4.2

August 2014

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Millions of Tons/Hectares

Former Soviet Union: Grain Supply and Demand (Corn)

Area

Harvested

Ending

Stocks

Total

Consumpti

Feed and

Residual

MY

Exports

MY

Imports

ProductionYieldCountry Mktg Year

Former Soviet Union - 12

Kazakhstan

0.5 0.50.40.00.05.00.1 2011/12 0.0

0.5 0.50.40.00.05.00.1 2012/13 0.0

0.6 0.60.50.00.05.30.1 2013/14 0.0

0.5 0.50.40.00.05.00.1 2014/15 0.0

Russia

7.0 4.74.02.00.04.31.6 2011/12 0.4

8.2 6.45.61.90.14.21.9 2012/13 0.3

11.6 7.66.74.00.15.02.3 2013/14 0.4

13.0 9.08.03.50.15.02.6 2014/15 0.9

Ukraine

22.8 7.86.515.20.06.43.5 2011/12 1.1

20.9 8.16.812.70.04.84.4 2012/13 1.2

30.9 9.98.520.00.16.44.8 2013/14 2.2

27.0 10.99.516.00.15.74.7 2014/15 2.4

Uzbekistan

0.2 0.20.20.00.04.60.0 2011/12 0.0

0.1 0.10.10.00.03.40.0 2012/13 0.0

0.1 0.10.10.00.03.40.0 2013/14 0.0

0.1 0.10.10.00.03.40.0 2014/15 0.0

Other Former Soviet Union - 12

3.7 3.32.90.30.24.00.9 2011/12 1.0

2.6 3.02.60.40.22.71.0 2012/13 0.5

3.7 3.43.00.40.33.81.0 2013/14 0.6

3.5 3.43.10.40.33.80.9 2014/15 0.6

Total Former Soviet Union - 12

34.1 16.414.017.50.35.56.2 2011/12 2.4

32.3 18.115.515.00.34.47.4 2012/13 2.0

46.9 21.518.824.50.45.78.3 2013/14 3.3

44.2 24.021.119.90.45.38.4 2014/15 4.0

August 2014

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Million Metric Tons/Hectares

Wheat Supply and Disappearance: Selected Exporters

Area

Harvested

Ending

Stocks

Total

Consumpti

Feed and

Residual

MY

Exports

MY

Imports

ProductionYieldCountry Mktg Year

Wheat Competitors

Argentina

16.3 5.40.110.70.02.66.2 2006/07 0.6

18.6 5.70.111.20.02.86.6 2007/08 2.4

11.0 5.30.06.80.02.15.3 2008/09 1.3

12.0 5.80.05.10.03.04.0 2009/10 2.3

17.2 6.00.19.50.03.64.8 2010/11 4.1

15.5 6.00.112.90.03.05.2 2011/12 0.7

9.3 6.20.33.60.02.63.6 2012/13 0.3

10.5 6.10.12.00.03.03.5 2013/14 2.7

12.5 6.20.16.50.03.04.2 2014/15 2.6

Australia

10.8 7.44.58.70.10.911.8 2006/07 4.2

13.6 6.63.57.50.11.112.6 2007/08 3.7

21.4 7.44.214.70.11.613.5 2008/09 3.1

21.8 5.21.914.80.11.613.9 2009/10 5.1

27.4 5.82.518.60.12.013.5 2010/11 8.2

29.9 6.53.224.70.12.213.9 2011/12 7.1

22.9 6.73.418.70.11.813.0 2012/13 4.7

27.0 7.03.619.50.22.013.5 2013/14 5.4

26.0 6.83.419.00.21.913.8 2014/15 5.7

Canada

25.3 9.04.519.40.32.69.7 2006/07 6.9

20.1 6.92.216.10.42.38.6 2007/08 4.4

28.6 7.83.118.90.42.910.0 2008/09 6.6

27.0 7.22.519.00.42.89.7 2009/10 7.7

23.3 7.62.716.60.42.88.3 2010/11 7.4

25.3 9.94.717.40.53.08.6 2011/12 5.9

27.2 9.64.419.00.52.99.5 2012/13 5.1

37.5 11.26.022.80.43.610.4 2013/14 9.0

28.0 9.84.521.00.53.09.3 2014/15 6.7

Total Wheat Competitors

52.4 21.79.138.90.41.927.7 2006/07 11.6

52.3 19.15.834.80.51.927.8 2007/08 10.5

61.0 20.67.340.40.52.128.8 2008/09 11.0

60.8 18.24.439.00.52.227.5 2009/10 15.1

August 2014

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Million Metric Tons/Hectares

Wheat Supply and Disappearance: Selected Exporters (Continued)

Area

Harvested

Ending

Stocks

Total

Consumpti

Feed and

Residual

MY

Exports

MY

Imports

ProductionYieldCountry Mktg Year

67.9 19.35.344.70.62.526.6 2010/11 19.7

70.7 22.38.054.90.62.627.6 2011/12 13.7

59.4 22.58.141.20.62.326.1 2012/13 10.0

75.0 24.29.744.30.62.727.5 2013/14 17.1

66.5 22.78.046.50.62.427.3 2014/15 15.0

India

69.4 73.52.30.16.72.626.4 2006/07 4.5

75.8 76.42.50.02.02.728.0 2007/08 5.8

78.6 70.92.50.00.02.828.2 2008/09 13.4

80.7 78.22.80.10.22.927.8 2009/10 16.1

80.8 81.82.90.10.32.828.5 2010/11 15.4

86.9 81.43.10.90.03.029.1 2011/12 20.0

94.9 83.83.46.80.03.229.9 2012/13 24.2

93.5 94.04.85.90.03.130.0 2013/14 17.8

95.9 94.44.53.00.03.130.6 2014/15 16.3

Turkey

17.5 16.70.82.41.72.08.6 2006/07 1.3

15.5 16.80.81.72.22.07.7 2007/08 0.4

16.8 16.90.72.23.52.27.7 2008/09 1.5

18.5 17.10.84.33.22.47.8 2009/10 1.8

17.0 17.30.83.03.72.18.0 2010/11 2.2

18.8 18.11.43.73.82.47.7 2011/12 3.1

15.5 17.50.73.43.62.07.8 2012/13 1.2

18.0 17.80.94.44.02.37.7 2013/14 1.1

15.0 17.30.33.25.51.97.7 2014/15 1.1

August 2014

Page 44: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

Million Metric Tons/Hectares

Corn Supply and Disappearance: Selected Exporters

Area

Harvested

Ending

Stocks

Total

Consumpti

Feed and

Residual

MY

Exports

MY

Imports

ProductionYieldCountry Mktg Year

Argentina

22.5 6.74.815.40.08.02.8 2006/07 1.7

22.0 6.84.914.80.06.53.4 2007/08 2.1

15.5 6.44.510.30.06.22.5 2008/09 0.9

25.0 6.95.016.50.08.33.0 2009/10 2.5

25.2 7.35.316.30.06.73.8 2010/11 4.0

21.0 7.04.817.10.05.83.6 2011/12 0.9

27.0 7.95.318.70.06.84.0 2012/13 1.3

24.0 8.35.513.50.07.13.4 2013/14 3.5

26.0 9.06.016.00.07.13.7 2014/15 4.5

Brazil

51.0 41.034.510.81.43.614.0 2006/07 3.6

58.6 42.536.07.80.74.014.7 2007/08 12.6

51.0 45.538.57.11.13.614.1 2008/09 12.1

56.1 47.040.011.60.44.312.9 2009/10 10.0

57.4 49.542.58.40.84.213.8 2010/11 10.3

73.0 50.543.024.30.84.815.2 2011/12 9.2

81.5 52.544.524.90.95.215.8 2012/13 14.2

78.0 55.046.020.50.85.015.5 2013/14 17.5

74.0 56.547.520.00.85.014.8 2014/15 15.8

China

151.6 145.0104.05.30.05.328.5 2006/07 36.6

152.3 150.0106.00.50.05.229.5 2007/08 38.4

165.9 153.0108.00.20.05.629.9 2008/09 51.2

164.0 165.0118.00.21.35.331.2 2009/10 51.3

177.2 180.0128.00.11.05.532.5 2010/11 49.4

192.8 188.0131.00.15.25.733.5 2011/12 59.3

205.6 200.0144.00.12.75.935.0 2012/13 67.6

218.5 212.0154.00.13.56.036.3 2013/14 77.5

222.0 222.0162.00.13.06.036.8 2014/15 80.4

South Africa

7.3 8.64.40.51.12.52.9 2006/07 1.7

13.2 9.64.32.20.04.03.3 2007/08 3.1

12.6 9.94.31.70.04.32.9 2008/09 4.1

13.4 10.34.62.10.04.13.3 2009/10 5.2

10.9 10.75.02.40.43.82.9 2010/11 3.4

12.8 10.75.01.80.04.13.1 2011/12 3.7

August 2014

Page 45: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

Million Metric Tons/Hectares

Corn Supply and Disappearance: Selected Exporters (Continued)

Area

Harvested

Ending

Stocks

Total

Consumpti

Feed and

Residual

MY

Exports

MY

Imports

ProductionYieldCountry Mktg Year

12.4 11.05.12.10.13.83.2 2012/13 3.1

14.8 11.55.43.00.04.83.1 2013/14 3.3

13.5 11.85.62.20.04.23.2 2014/15 2.9

Total Corn Competitors

232.4 201.3147.731.92.64.848.2 2006/07 43.5

246.1 208.9151.225.30.84.850.9 2007/08 56.2

245.0 214.8155.319.31.25.049.4 2008/09 68.3

258.5 229.2167.630.31.75.150.4 2009/10 68.9

270.8 247.5180.827.32.25.152.9 2010/11 67.2

299.5 256.2183.843.46.05.455.5 2011/12 73.1

326.5 271.4198.945.83.75.658.1 2012/13 86.1

335.2 286.8210.937.14.35.758.3 2013/14 101.8

335.5 299.3221.138.33.85.758.5 2014/15 103.5

August 2014

Page 46: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

Million Metric Tons/Hectares

Barley Supply and Disappearance: Selected Exporters

Area

Harvested

Ending

Stocks

Total

Consumpti

Feed and

Residual

MY

Exports

MY

Imports

ProductionYieldCountry Mktg Year

Australia

4.3 4.02.91.90.01.04.2 2006/07 1.0

7.2 3.12.13.40.01.54.9 2007/08 1.7

8.0 4.02.93.20.01.65.0 2008/09 2.4

7.9 4.53.33.90.01.84.4 2009/10 1.9

8.0 4.23.04.70.02.23.7 2010/11 1.0

8.2 3.32.15.40.02.23.7 2011/12 0.5

7.5 3.01.84.50.02.13.6 2012/13 0.5

9.5 3.72.46.00.02.43.9 2013/14 0.4

8.1 3.32.04.70.02.13.8 2014/15 0.5

Canada

9.6 10.28.81.20.03.03.2 2006/07 1.5

10.9 7.86.43.00.12.84.0 2007/08 1.6

11.8 8.97.61.50.03.43.5 2008/09 3.0

9.5 8.77.51.30.03.32.9 2009/10 2.5

7.6 7.56.31.20.03.22.4 2010/11 1.5

7.9 6.95.71.30.03.32.4 2011/12 1.2

8.0 6.85.71.40.02.92.8 2012/13 1.0

10.3 7.96.71.60.03.92.7 2013/14 1.8

7.0 6.85.60.80.13.22.2 2014/15 1.2

European Union

56.4 55.938.93.40.24.113.9 2006/07 5.8

57.8 54.538.93.80.34.213.9 2007/08 5.7

65.8 57.341.73.60.34.514.6 2008/09 11.0

62.4 56.841.71.10.14.514.0 2009/10 15.6

53.7 56.641.34.90.24.312.5 2010/11 7.9

51.9 51.235.83.00.54.311.9 2011/12 6.1

54.9 51.035.54.90.14.412.5 2012/13 5.1

59.6 53.738.56.10.14.812.4 2013/14 5.0

56.2 50.535.05.80.14.612.3 2014/15 4.9

August 2014

Page 47: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

Million Metric Tons/Hectares

Sorghum Supply and Disappearance: Selected Exporters

Area

Harvested

Ending

Stocks

Total

Consumpti

Feed and

Residual

MY

Exports

MY

Imports

ProductionYieldCountry Mktg Year

Argentina

2.8 1.71.51.10.04.70.6 2006/07 0.2

2.9 1.21.01.20.04.70.6 2007/08 0.7

1.7 1.11.01.10.03.70.5 2008/09 0.2

3.6 1.91.71.80.04.80.8 2009/10 0.2

4.4 1.91.71.70.04.41.0 2010/11 1.0

4.2 1.91.73.10.04.21.0 2011/12 0.2

4.7 2.32.01.80.04.51.1 2012/13 0.8

4.2 2.72.31.20.04.21.0 2013/14 1.1

4.8 2.72.31.80.04.41.1 2014/15 1.4

Australia

1.3 1.21.20.10.02.10.6 2006/07 0.0

3.8 2.22.20.80.04.00.9 2007/08 0.8

2.7 1.81.81.00.03.50.8 2008/09 0.7

1.5 1.21.20.30.03.00.5 2009/10 0.7

1.9 1.41.40.90.03.10.6 2010/11 0.4

2.2 1.11.11.30.03.40.7 2011/12 0.2

2.2 1.11.11.20.03.40.6 2012/13 0.2

1.1 0.80.80.40.02.20.5 2013/14 0.1

2.1 1.21.20.80.03.10.7 2014/15 0.2

August 2014

Page 48: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

U.S. Grains Supply and Distribution: Wheat, Corn, Sorghum, Barley, Oats, Rye, and Rice (Working Statistics)

Thousand Metric Tons/Hectares

Area

Harvested

Yield Rough

Production

Production Imports TY Imports Exports TY Exports Feed Dom.

Consumption

Domestic

Consumption

Ending

Stocks

Wheat

19,53838,14110,44327,73427,5443,4423,34161,671nr319,798 2012/13

16,05034,0256,08031,49732,0124,7674,58857,961nr318,274 2013/14

18,05432,4144,21825,50025,1744,1004,35455,238nr318,713 2014/15

Corn

20,859263,613109,85318,26218,5454,2654,063273,832nr835,360 2012/13

30,007296,686131,45149,00048,770700889353,715nr1035,478 2013/14

45,932297,447133,35644,00043,817750762356,427nr1133,929 2014/15

Sorghum

3854,7752,3572,1361,9382432436,272nr32,005 2012/13

6414,4202,4135,3005,207119,882nr42,643 2013/14

8775,8432,7944,6004,8260010,905nr42,590 2014/15

Barley

1,7504,6661,2911631934315074,796nr41,313 2012/13

1,7864,7441,3703253114504084,683nr41,214 2013/14

1,7584,5501,1972502185005444,196nr41,066 2014/15

Oats

5272,7811,67818201,3411,601929nr2423 2012/13

3592,7771,68930231,8001,676956nr2417 2013/14

4792,6971,57930291,7001,7241,122nr2467 2014/15

Rye

1039715878221228176nr2100 2012/13

742518557200234195nr2113 2013/14

1143219056200229213nr2124 2014/15

Rice, Milled

1,1563,767nr3,2933,3856756696,3369,05181,084 2012/13

1,0573,933nr3,1503,0117307306,1158,6139999 2013/14

1,2664,288nr3,5003,4866706677,31610,37781,225 2014/15

Notes: Wheat Trade Year (TY) statistics are on July/June years. Barley, corn, sorghum, rye and oats Trade Year (TY) statistics

are on Oct/Sept years. Rice Trade Year (TY) statistics are for the subsequent calendar year; 'Imports' and 'Exports' columns

contain data on the local marketing year: wheat, barley, oats and rye are June/May; corn and sorghum are Sept/Aug; rice is

Aug/July.

August 2014

Page 49: United States Agriculture Grain - Cornell University · 8/12/2014  · Both Russia and Ukraine are projected to have ... addition to Russia, lower global prices are reflecting ample

Total Wheat and Coarse Grains: Supply and Demand

Millions of Metric Tons/Hectares

Area

Harvested

Yield Production TY Exports Feed Dom.

Consumpti

Domestic

Consumpti

Ending

Stocks

Wheat and Coarse Grains

1,328.5 420.61,247.9614.5165.22.3570.5 1985/86

1,347.9 469.21,299.4645.6174.72.4565.2 1986/87

1,285.9 423.11,329.8656.5202.22.4544.3 1987/88

1,218.1 339.31,302.0619.4203.32.2541.9 1988/89

1,327.4 320.51,346.2644.4208.92.4548.2 1989/90

1,417.7 368.71,369.5668.7190.12.6545.7 1990/91

1,355.7 359.51,364.9651.4207.52.5543.3 1991/92

1,431.6 399.21,389.1663.0205.22.6545.7 1992/93

1,356.1 366.11,389.3655.7188.22.5535.9 1993/94

1,392.5 362.71,395.8668.9200.12.6534.0 1994/95

1,338.5 319.41,381.9640.1187.52.5527.0 1995/96

1,490.3 367.11,442.6672.9198.32.7545.9 1996/97

1,491.6 414.41,444.3683.9190.32.8535.2 1997/98

1,481.8 448.01,448.2683.2198.72.8520.3 1998/99

1,465.3 444.51,468.2688.8214.02.9506.2 1999/00

1,447.3 419.41,472.5698.9205.02.8509.4 2000/01

1,481.0 404.11,496.4712.0208.42.9511.8 2001/02

1,444.4 342.31,506.2709.7209.32.9502.6 2002/03

1,471.7 278.71,535.3715.6206.02.9510.6 2003/04

1,642.6 335.81,585.5754.3214.53.2514.1 2004/05

1,599.9 320.11,615.5754.8222.63.1516.4 2005/06

1,585.0 275.71,629.5746.6230.03.1516.7 2006/07

1,692.5 294.11,674.0759.8244.93.2533.8 2007/08

1,793.1 363.51,723.6772.1253.63.3538.8 2008/09

1,805.2 400.31,768.4779.7254.23.4533.2 2009/10

1,750.3 366.01,784.6772.5250.23.3523.1 2010/11

1,852.9 365.71,853.3805.4287.23.4538.3 2011/12

1,795.4 344.91,816.2806.2279.23.4532.0 2012/13

1,988.4 391.11,942.2870.5315.23.7541.2 2013/14

1,983.9 415.11,959.9887.4300.03.7540.1 2014/15

Notes: Wheat and coarse grains trade data are on July/June years through 1975/76. From 1976/77 to the

present, coarse grains data are on an Oct/Sept trade year.

August 2014

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World Wheat and Coarse Grains: Supply and Demand

Millions of Metric Tons/Hectares

Area

Harvested

Yield Production TY Exports Feed Dom.

Consumpti

Domestic

Consumpti

Ending

Stocks

Wheat

562.6 177.9547.7111.6113.22.5222.1 1992/93

558.5 183.4553.0109.6101.72.5221.0 1993/94

523.0 164.2542.1101.4101.52.5213.3 1994/95

537.5 155.7546.195.299.22.5216.7 1995/96

581.3 163.7573.499.6104.02.6227.1 1996/97

610.2 197.3576.6103.8104.52.7226.4 1997/98

590.4 209.5578.2106.8102.02.7219.2 1998/99

586.8 210.9585.4102.8111.92.8212.5 1999/00

583.3 207.3586.9109.0102.22.7215.6 2000/01

583.8 204.4586.6109.8108.02.7214.5 2001/02

569.6 169.9604.1113.6106.62.7213.4 2002/03

555.3 135.7589.599.5103.62.7207.6 2003/04

626.7 156.5605.9108.3113.32.9215.8 2004/05

618.9 154.4621.0114.7114.22.8217.6 2005/06

596.5 134.5616.5110.5115.42.8211.6 2006/07

612.7 129.4617.8102.2116.22.8217.1 2007/08

683.5 169.3643.6121.4143.23.1224.1 2008/09

687.1 201.9654.4120.8135.43.0225.4 2009/10

650.8 198.2654.5115.6134.13.0217.0 2010/11

695.9 197.1697.0146.4153.83.2220.7 2011/12

658.2 175.6679.7136.9147.03.0216.3 2012/13

714.1 183.7706.0132.4161.43.2220.5 2013/14

716.1 193.0706.8134.6151.73.2222.6 2014/15

Coarse Grains

868.9 221.3841.4551.491.92.7323.6 1992/93

797.7 182.7836.3546.186.52.5314.9 1993/94

869.5 198.5853.7567.698.62.7320.7 1994/95

801.0 163.7835.8544.988.32.6310.3 1995/96

908.9 203.4869.2573.394.32.9318.8 1996/97

881.3 217.1867.7580.085.82.9308.8 1997/98

891.3 238.5870.0576.496.73.0301.1 1998/99

878.5 233.6882.8586.0102.13.0293.7 1999/00

864.0 212.2885.5589.9102.82.9293.8 2000/01

897.2 199.6909.7602.2100.43.0297.4 2001/02

874.8 172.4902.0596.1102.73.0289.1 2002/03

916.4 143.0945.8616.1102.33.0303.0 2003/04

1,015.9 179.3979.6646.0101.23.4298.3 2004/05

981.0 165.8994.5640.1108.43.3298.7 2005/06

988.5 141.21,013.1636.0114.53.2305.1 2006/07

1,079.8 164.81,056.2657.5128.73.4316.7 2007/08

1,109.5 194.31,080.0650.7110.43.5314.7 2008/09

1,118.1 198.41,113.9658.9118.83.6307.8 2009/10

1,099.5 167.81,130.0656.9116.03.6306.1 2010/11

1,157.0 168.51,156.3659.1133.43.6317.6 2011/12

1,137.3 169.31,136.5669.3132.23.6315.7 2012/13

1,274.3 207.41,236.1738.1153.84.0320.7 2013/14

1,267.8 222.11,253.1752.8148.24.0317.6 2014/15

Notes: Wheat and coarse grains trade data are on July/June years through 1975/76. From 1976/77 to the

present, coarse grains data are on an Oct/Sept trade year.

August 2014

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World Corn and Barley: Supply and Demand

Millions of Metric Tons/Hectares

Area

Harvested

Yield Production TY Exports Feed Dom.

Consumpti

Domestic

Consumpti

Ending

Stocks

Corn

535.6 162.7512.1348.762.64.0133.1 1992/93

475.8 129.4509.0342.057.43.6130.7 1993/94

559.3 153.3535.4371.671.94.1135.2 1994/95

516.4 133.3536.4365.364.83.8135.0 1995/96

592.8 166.3559.8387.966.64.2141.5 1996/97

574.4 167.2573.5401.163.14.2136.3 1997/98

605.8 191.4581.6404.868.74.4138.9 1998/99

608.4 194.4605.4423.172.04.4139.0 1999/00

591.8 175.3610.9427.975.94.3137.1 2000/01

601.8 151.5625.6436.972.74.4137.3 2001/02

603.9 126.9628.5434.076.84.4137.4 2002/03

627.4 104.7649.6446.479.04.4141.7 2003/04

716.8 131.3690.2476.576.04.9145.4 2004/05

700.7 124.5707.5479.182.54.8145.4 2005/06

716.6 110.7730.4479.991.34.8150.3 2006/07

795.5 131.7774.5499.298.25.0160.4 2007/08

800.9 147.5785.2482.983.65.0158.7 2008/09

825.6 146.6826.4491.692.75.2158.7 2009/10

835.9 130.1852.4503.491.75.1164.6 2010/11

889.3 134.6884.8508.4103.75.2172.2 2011/12

868.8 138.1865.2518.7100.54.9177.2 2012/13

984.4 171.1951.4576.3122.75.5178.0 2013/14

985.4 187.8968.7594.4117.15.6176.8 2014/15

Barley

166.3 35.0165.6119.016.42.372.6 1992/93

169.0 34.9169.1123.818.82.373.2 1993/94

160.7 30.0165.6120.915.32.272.2 1994/95

141.2 20.5150.7107.813.42.166.4 1995/96

153.1 24.1149.5106.317.92.464.2 1996/97

153.9 32.2145.8104.112.82.463.8 1997/98

136.0 29.0139.399.517.82.456.6 1998/99

127.4 23.9132.594.017.82.452.1 1999/00

133.0 22.6134.394.616.32.552.9 2000/01

143.4 29.2136.895.517.22.655.7 2001/02

134.2 27.5135.994.716.32.554.8 2002/03

142.1 23.4146.2102.514.82.458.3 2003/04

152.1 33.0142.5100.117.02.657.5 2004/05

136.2 28.1141.097.417.42.555.3 2005/06

136.9 21.4143.698.314.62.456.4 2006/07

133.0 20.5133.991.118.52.455.9 2007/08

155.1 31.5144.1100.418.22.855.3 2008/09

151.1 37.4145.2101.417.32.854.4 2009/10

123.1 24.3136.391.315.22.647.2 2010/11

133.5 22.6135.291.721.42.749.4 2011/12

129.8 20.9131.588.622.12.650.2 2012/13

145.1 24.2141.797.021.02.950.5 2013/14

135.7 22.3137.692.320.72.849.2 2014/15

Notes: Coarse grains trade data are on July/June years through 1975/76. From 1976/77 to the present,

coarse grains data are on an Oct/Sept trade year.

August 2014

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World Rice: Supply and Demand

Millions of Metric Tons/Hectares

Area

Harvested

Yield Rough

Production

Production TY Exports Domestic

Consumpti

Ending

Stocks

Rice, Milled

467.3 97.7308.011.8318.03.2144.7 1985/86

464.6 103.3310.412.9316.13.2144.8 1986/87

464.8 105.3313.111.4315.13.3141.4 1987/88

490.8 111.7325.714.0332.13.3146.6 1988/89

510.3 120.6336.311.7345.23.5147.8 1989/90

519.4 126.7345.312.3351.43.5147.0 1990/91

522.8 126.7353.214.4353.23.5147.5 1991/92

524.2 123.2357.514.9354.03.6146.5 1992/93

526.1 119.0358.916.6354.73.6145.3 1993/94

539.9 117.6365.520.8364.13.7147.3 1994/95

547.3 118.1368.319.7368.83.7148.4 1995/96

565.3 120.3379.218.9381.43.8150.1 1996/97

575.2 127.7380.027.6387.43.8151.7 1997/98

587.0 134.0388.624.8394.93.8153.1 1998/99

608.6 143.1400.122.8409.23.9155.9 1999/00

594.1 146.7395.624.3399.33.9152.4 2000/01

594.3 132.9413.327.7399.53.9151.3 2001/02

563.1 103.0408.127.6378.23.8146.9 2002/03

585.1 81.6413.727.3392.33.9149.3 2003/04

596.6 73.9408.629.0400.93.9151.8 2004/05

622.3 76.3415.529.1417.94.0154.0 2005/06

625.6 75.2421.631.9420.54.0154.6 2006/07

642.5 80.8427.329.6432.94.2154.7 2007/08

668.3 92.4437.629.4449.14.2158.1 2008/09

656.6 94.6438.731.8440.94.2155.8 2009/10

671.4 99.6445.036.6449.94.2158.2 2010/11

696.1 106.8459.840.0466.94.3160.2 2011/12

703.3 109.9468.539.4471.74.5158.0 2012/13

709.4 110.1475.640.7475.84.4161.0 2013/14

711.8 105.4482.141.2477.34.4161.0 2014/15

Notes: Stocks, exports and consumption are expressed on a milled basis in marketing years.

August 2014

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ENDNOTES TO GRAIN: WORLD MARKETS AND TRADE REGIONAL TABLES North America: Canada, Mexico, the United States. Central America: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama. Caribbean: Anguilla, Antigua and Barbuda, Aruba, Bahamas, Barbados, Bermuda, British Virgin Islands, Cayman Islands, Cuba, Dominica, Dominican Republic, French West Indies, Grenada, Guadeloupe, Haiti, Jamaica and Dep, Leeward-Windward Islands, Martinique, Montserrat, Netherlands Antilles, Puerto Rico, Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Trinidad and Tobago, Turks and Caicos Islands, Virgin Islands of the U.S. South America: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Falkland Islands (Islas Malvinas), French Guiana, Guyana, Paraguay, Peru, Suriname, Uruguay, Venezuela. EU: Austria, Belgium/Luxembourg, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom. Other Europe: Albania, Azores, Bosnia and Herzegovina, Former Yugoslavia, Gibraltar, Iceland, Macedonia, Montenegro, Norway, Serbia, Switzerland. Former Soviet Union: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, Uzbekistan. Middle East: Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey, United Arab Emirates, Yemen. North Africa: Algeria, Egypt, Libya, Morocco, Tunisia. Sub-Saharan Africa: all African countries except North Africa. East Asia: China, Hong Kong, Japan, South Korea, North Korea, Macau, Mongolia, Taiwan. South Asia: Afghanistan, Bangladesh, Bhutan, India, Nepal, Pakistan, Sri Lanka, Maldives. Southeast Asia: Brunei, Burma, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, Vietnam. Oceania: Australia, Fiji, New Zealand, Papua New Guinea.

Grain: World Markets and Trade, August 2014 53

August 2014

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OTHER NOTES Local Marketing Years (LMY): LMY refers to the 12-month period at the onset of the main harvest, when the crop is marketed (i.e., consumed, traded, or stored). The year first listed begins a country's LMY for that commodity (2014/15 starts in 2014); except for summer grains in certain Southern Hemisphere countries and for rice in selected countries, where the second year begins the LMY (2014/15 starts in 2015). Key exporter LMY’s are:

Wheat Corn Barley Sorghum Argentina (Dec/Nov) Argentina (Mar/Feb) Australia (Nov/Oct) Argentina (Mar/Feb) Australia (Oct/Sep) Brazil (Mar/Feb) Canada (Aug/Jul) Australia (Mar/Feb) Canada (Aug/Jul) China (Oct/Sep) European Union (Jul/Jun) United States (Sep/Aug) China (Jul/Jun) South Africa (May/Apr) Russia (Jul/Jun) European Union (Jul/Jun) United States (Sep/Aug) Ukraine (Jul/Jun) India (Apr/Mar) United States (Jun/May) Kazakhstan (Jul/Jun) Russia(Jul/Jun) Turkey (Jun/May) Ukraine (Jul/Jun) United States (Jun/May)

For a complete list of local marketing years, please see the FAS website (http://www.fas.usda.gov/psdonline/psdAvailability.aspx). Stocks: Unless otherwise stated, stock data are based on an aggregate of differing local marketing years and should not be construed as representing world stock levels at a fixed point in time. Consumption: World totals for consumption reflect total utilization, including food, seed, industrial, feed, and waste; as well as differences in local marketing year imports and local marketing year exports. Consumption statistics for regions and individual countries, however, reflect food, seed, industrial, feed, and waste only. Trade: All PSD tables are balanced on the different local marketing years. All trade tables contain Trade Year (TY) data which puts all countries on a uniform, 12-month period for analytical comparisons: wheat is July/June; coarse grains, corn, barley, sorghum, oats, and rye are Oct/Sept; and rice is calendar year. EU Consolidation: The trade figures starting from 1999/00 represent the European Union (Croatia plus the former EU-27) and exclude all intra-trade. For the years 1960/61 through 1998/99, figures are the EU-15 and also exclude all intra-trade. EU-15 member states' data for grains are no longer maintained in the official USDA database. Data for the individual NMS-10, plus Bulgaria, Romania, and Croatia, exists only prior to 1999/00. Statistics: (1) Wheat trade statistics include wheat, flour, and selected pasta products on a grain equivalent basis. (2) Rice trade statistics include rough, brown, milled, and broken on a milled equivalent basis. (3) Coarse grains statistics include corn, barley, sorghum, oats, rye, millet, and mixed grains but exclude trade in barley malt, millet, and mixed grains.

Grain: World Markets and Trade, August 2014 54

August 2014

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Unaccounted: This term includes grain in transit, reporting discrepancies in some countries, and trade to countries outside the USDA database. The Global Commodity Analysis Division, Office of Global Analysis, Foreign Agricultural Service, USDA, Washington, DC 20250, prepared this circular. Information is gathered from official statistics of foreign governments and other foreign source materials, reports of U.S. agricultural attachés and Foreign Service officers, office research, and related information. Further information may be obtained by writing the Division or telephoning (202) 720-3448. Note: The previous report in this series was Grain: World Markets and Trade July 2014. For further details on world grain production, please see World Agricultural Production August 2014. This circular is available in its entirety on the Internet via the Foreign Agricultural Service Home Page. The address is: http://www.fas.usda.gov Questions may be directed to the following staff: Teresa McKeivier (202) 690-1151 [email protected] Wheat Andrew Sowell (202) 720-0262 [email protected] Wheat Debbie Rubas (202) 720-1072 [email protected] Rice Jeffrey Albanese (202) 649-3852 [email protected] Rice Rick O’Meara (202) 720-4933 [email protected] Coarse Grains Lisa Bennett (202) 720-0929 [email protected] Coarse Grains Gene Kim (202) 720-8398 [email protected] Coarse Grains

Grain: World Markets and Trade, August 2014 55

August 2014