record new crop u.s. soybean sales reflect strong demand...2014/04/09  · •india’s palm oil...

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United States Department of Agriculture Foreign Agricultural Service Approved by the World Agricultural Outlook Board/USDA April 2014 Record New Crop U.S. Soybean Sales Reflect Strong Demand Source: Export Sales Reporting New crop U.S. soybean plantings will begin soon, but already 7.0 million tons of beans have been sold through the end of March. Forward sales of such volumes are usually not reached until late April or early May. Likewise, sales of soybean meal, processed from the new crop, have totaled a record 1.2 million tons. Forward sales of this magnitude are generally not reached until in late July or August. Whether record forward sales translate to record exports would depend on various factors in the coming months. This unprecedented pace is indicative of buyers’ interest in securing supplies early in response to current market dynamics in exporting countries. Argentina’s exports of soybeans and meal remain slow (see p2), and Brazil has prioritized loading soybeans over meal in order to mitigate shipping delays. With a larger crop indicated in USDA’s Prospective Plantings report, the United States is poised to have ample supplies to meet strong foreign demand for both soybeans and meal. For an email subscription, click here to register: http://www.fas.usda.gov/data/oilseeds-world-markets-and-trade

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Page 1: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

United States Department of Agriculture Foreign Agricultural Service

Approved by the World Agricultural Outlook Board/USDA

April 2014

Record New Crop U.S. Soybean Sales Reflect Strong Demand

Source: Export Sales Reporting New crop U.S. soybean plantings will begin soon, but already 7.0 million tons of beans have been sold through the end of March. Forward sales of such volumes are usually not reached until late April or early May. Likewise, sales of soybean meal, processed from the new crop, have totaled a record 1.2 million tons. Forward sales of this magnitude are generally not reached until in late July or August. Whether record forward sales translate to record exports would depend on various factors in the coming months. This unprecedented pace is indicative of buyers’ interest in securing supplies early in response to current market dynamics in exporting countries. Argentina’s exports of soybeans and meal remain slow (see p2), and Brazil has prioritized loading soybeans over meal in order to mitigate shipping delays. With a larger crop indicated in USDA’s Prospective Plantings report, the United States is poised to have ample supplies to meet strong foreign demand for both soybeans and meal. For an email subscription, click here to register: http://www.fas.usda.gov/data/oilseeds-world-markets-and-trade

Page 2: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

OVERVIEW Global soybean production is lower with reductions in Brazil and India only partly offset by an increase in Uruguay. Soybean trade is up driven primarily by the United States. U.S. imports are raised reflecting trade to date and prospective large shipments from South America this summer. U.S. exports are boosted on record shipments to date. With stronger exports and tighter stocks, U.S. season average farm prices are raised. SOYBEAN PRICES U.S. export bids, FOB Gulf, in March averaged $561 per ton, up $21 from last month. Continued strong foreign demand and tightening stocks are contributing to higher prices. As of the week ending March 27, U.S. soybean commitments (outstanding sales plus accumulated exports) to China totaled 27.8 million tons compared to 21.3 million a year ago. Total commitments to the world are 44.2 million tons, compared to 35.0 million for the same period last year.

2013/14 TRADE OUTLOOK • United States

o Soybean exports are boosted 1.4 million tons to 43.0 million reflecting record shipments to date.

o Soybean imports are up 817,000 tons to a record 1.8 million on trade through February and prospective large shipments from South America.

• Brazil o Soybean exports are cut 500,000 tons to 44.5 million on a smaller crop. o Soybean meal exports are cut 220,000 tons to 13.8 million on reduced crush.

• Canada’s rapeseed exports are up 200,000 tons on strong demand from China and the United

States.

• China o Rapeseed imports are up 300,000 tons to a record 3.7 million on demand for crush. o Palm oil imports are cut 200,000 tons to 6.4 million on slower imports to date. o Fish meal imports are lowered 200,000 tons to 1.1 million reflecting reduced supplies in

Peru.

• European Union o Soybean meal exports are cut 100,000 tons to 600,000 due to stronger use. o Sunflower seed oil imports are cut 230,000 reflecting a slower pace to date.

April 2014

Page 3: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

• India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date.

• Indonesia’s palm oil exports are cut 600,000 tons to 20.7 million on stronger domestic use.

• Japan’s soybean meal imports are cut 230,000 tons to 2.0 million on reduced feed use.

• Malaysia

o Palm oil imports are slashed 875,000 to 800,000 tons and exports are lowered 200,000 to 17.3 million on a slower pace to date and sharply lower trade with Indonesia.

o Palm kernel meal exports are up 150,000 tons to 2.4 million on the pace of trade to date.

• Peru’s fish meal exports are down 250,000 tons to 1.1 million on smaller catch.

• Russia’s sunflowerseed oil exports are up 100,000 tons to1.6 million reflecting exports to date.

• Turkey’s soybean imports are lowered 100,000 tons to 1.1 million and soybean meal imports are up the same volume to 1.1 million reflecting trade to date.

• Ukraine’s sunflowerseed oil exports are lowered 300,000 tons to 3.8 million on a slower pace.

• Uruguay’s soybean exports are up 310,000 tons to 3.4 million on larger supplies.

Questions may be directed to: Bill George (202) 720-6234 [email protected] Yoonhee Macke (202) 690-4199 [email protected] Rachel Trego (202) 720-1073 [email protected] 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 Oilseeds. 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. 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):

April 2014

Page 4: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

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/

April 2014

Page 5: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

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

Million Metric Tons

2009/10 2010/11 2011/12 2012/13

Mar

2013/14

Apr

2013/14

none

Production none

5.71 Oilseed, Copra 5.89 5.56 5.80 5.68 5.68

39.51 Oilseed, Cottonseed 44.30 48.00 46.31 44.07 44.43

12.43 Oilseed, Palm Kernel 12.91 13.77 14.76 15.48 15.44

36.16 Oilseed, Peanut 39.86 38.28 40.16 39.83 40.15

61.06 Oilseed, Rapeseed 60.58 61.48 63.02 70.47 71.01

260.60 Oilseed, Soybean 264.15 239.57 268.10 285.43 284.05

32.13 Oilseed, Sunflowerseed 33.63 40.64 36.41 43.33 43.78

447.60 Total 461.30 447.30 474.56 504.30 504.53

none

Imports none

0.10 Oilseed, Copra 0.14 0.08 0.04 0.12 0.12

0.55 Oilseed, Cottonseed 0.85 1.10 0.93 0.83 0.84

0.04 Oilseed, Palm Kernel 0.04 0.03 0.03 0.02 0.03

1.98 Oilseed, Peanut 2.34 2.35 2.27 2.22 2.27

10.74 Oilseed, Rapeseed 10.10 13.18 12.66 13.51 13.69

86.81 Oilseed, Soybean 88.76 93.46 95.57 105.34 105.93

1.48 Oilseed, Sunflowerseed 1.57 1.64 1.22 1.80 1.83

101.71 Total 103.78 111.84 112.72 123.83 124.71

none

Exports none

0.10 Oilseed, Copra 0.11 0.11 0.08 0.08 0.08

0.57 Oilseed, Cottonseed 1.02 1.14 1.02 1.02 1.02

0.02 Oilseed, Palm Kernel 0.02 0.04 0.05 0.03 0.04

2.38 Oilseed, Peanut 2.89 2.95 2.67 2.72 2.87

10.84 Oilseed, Rapeseed 10.87 12.92 12.45 13.67 13.87

91.44 Oilseed, Soybean 91.70 92.16 100.65 108.22 109.43

1.56 Oilseed, Sunflowerseed 1.79 1.93 1.48 2.05 2.07

106.90 Total 108.38 111.23 118.39 127.77 129.38

none

Crush none

5.65 Oilseed, Copra 5.95 5.50 5.89 5.69 5.69

30.34 Oilseed, Cottonseed 32.54 34.44 34.63 33.76 33.77

12.51 Oilseed, Palm Kernel 12.80 13.69 14.53 15.40 15.33

15.27 Oilseed, Peanut 16.59 16.61 17.37 17.68 17.81

56.64 Oilseed, Rapeseed 59.06 60.51 62.48 64.85 65.32

209.18 Oilseed, Soybean 221.40 228.16 229.05 239.04 238.67

29.57 Oilseed, Sunflowerseed 29.88 36.88 32.56 37.71 38.33

359.16 Total 378.22 395.79 396.51 414.11 414.92

none

Ending Stocks none

0.35 Oilseed, Copra 0.29 0.29 0.14 0.14 0.13

0.91 Oilseed, Cottonseed 1.37 1.95 1.45 1.32 1.35

0.19 Oilseed, Palm Kernel 0.22 0.16 0.23 0.30 0.23

1.62 Oilseed, Peanut 2.33 1.49 2.15 2.00 2.05

8.89 Oilseed, Rapeseed 7.20 5.45 3.30 5.81 5.79

60.94 Oilseed, Soybean 70.36 53.58 57.87 70.64 69.42

2.76 Oilseed, Sunflowerseed 2.64 2.30 2.36 3.83 3.65

75.66 Total 84.40 65.21 67.49 84.04 82.61

Totals may not add due to rounding

April 2014

Page 6: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

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

Million Metric Tons

2009/10 2010/11 2011/12 2012/13

Mar

2013/14

Apr

2013/14

none

Production none

1.86 Meal, Copra 1.97 1.82 1.95 1.88 1.88

13.81 Meal, Cottonseed 14.83 15.70 15.75 15.37 15.38

3.87 Meal, Fish 4.89 3.96 4.15 4.57 4.20

6.62 Meal, Palm Kernel 6.76 7.22 7.73 8.13 8.16

5.95 Meal, Peanut 6.47 6.48 6.78 6.92 6.96

33.41 Meal, Rapeseed 34.74 35.63 36.94 38.22 38.53

164.95 Meal, Soybean 174.68 180.47 180.51 188.66 188.39

13.08 Meal, Sunflowerseed 13.23 16.07 14.31 16.44 16.68

243.54 Total 257.58 267.34 268.13 280.20 280.18

none

Imports none

0.78 Meal, Copra 0.55 0.78 0.86 0.84 0.84

0.37 Meal, Cottonseed 0.49 0.42 0.44 0.41 0.41

2.62 Meal, Fish 2.66 2.91 2.35 2.87 2.58

4.32 Meal, Palm Kernel 4.57 5.00 5.23 5.24 5.16

0.11 Meal, Peanut 0.12 0.04 0.03 0.10 0.10

3.62 Meal, Rapeseed 4.97 5.09 5.21 5.22 5.48

53.48 Meal, Soybean 56.91 57.09 53.82 58.22 58.03

3.49 Meal, Sunflowerseed 3.86 6.08 4.66 5.79 5.78

68.79 Total 74.12 77.43 72.60 78.68 78.38

none

Exports none

1.08 Meal, Copra 0.59 0.79 1.04 0.85 0.86

0.38 Meal, Cottonseed 0.42 0.51 0.48 0.45 0.45

2.27 Meal, Fish 2.49 2.56 2.14 2.66 2.41

4.97 Meal, Palm Kernel 5.20 5.81 6.07 5.97 6.11

0.13 Meal, Peanut 0.15 0.07 0.07 0.10 0.10

3.48 Meal, Rapeseed 5.10 5.37 5.38 5.58 5.67

55.61 Meal, Soybean 58.55 58.27 57.77 61.43 61.27

4.11 Meal, Sunflowerseed 4.59 6.76 5.07 6.35 6.35

72.01 Total 77.09 80.14 78.01 83.39 83.20

none

Domestic Consumption none

1.85 Meal, Copra 1.84 1.74 1.90 1.85 1.86

13.72 Meal, Cottonseed 14.90 15.59 15.74 15.35 15.36

4.61 Meal, Fish 4.63 4.76 4.23 4.90 4.50

5.90 Meal, Palm Kernel 6.20 6.53 6.92 7.36 7.19

5.95 Meal, Peanut 6.43 6.48 6.75 6.91 6.94

33.35 Meal, Rapeseed 34.56 35.27 37.09 37.62 38.09

160.98 Meal, Soybean 171.02 177.77 176.96 184.49 184.12

12.44 Meal, Sunflowerseed 12.49 14.85 14.58 15.72 15.84

238.79 Total 252.08 262.98 264.18 274.20 273.89

none

Ending Stocks none

0.04 Meal, Copra 0.13 0.21 0.08 0.09 0.09

0.20 Meal, Cottonseed 0.19 0.21 0.17 0.15 0.15

0.19 Meal, Fish 0.61 0.17 0.30 0.17 0.17

0.32 Meal, Palm Kernel 0.24 0.13 0.10 0.39 0.13

0.06 Meal, Peanut 0.07 0.04 0.04 0.05 0.05

0.45 Meal, Rapeseed 0.51 0.59 0.27 0.52 0.53

6.63 Meal, Soybean 8.65 10.18 9.78 10.92 10.80

0.64 Meal, Sunflowerseed 0.65 1.18 0.50 0.65 0.77

8.51 Total 11.04 12.70 11.22 12.95 12.70

Totals may not add due to rounding

April 2014

Page 7: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

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

Million Metric Tons

2009/10 2010/11 2011/12 2012/13

Mar

2013/14

Apr

2013/14

none

Production none

3.52 Oil, Coconut 3.71 3.41 3.66 3.54 3.55

4.59 Oil, Cottonseed 4.96 5.25 5.26 5.11 5.11

3.08 Oil, Olive 3.25 3.24 2.67 3.28 3.28

46.06 Oil, Palm 48.74 51.99 55.82 58.43 58.52

5.60 Oil, Palm Kernel 5.73 6.13 6.50 6.86 6.83

4.89 Oil, Peanut 5.33 5.32 5.55 5.67 5.69

22.55 Oil, Rapeseed 23.55 24.12 24.93 25.76 26.00

38.79 Oil, Soybean 41.30 42.62 42.78 44.66 44.60

12.28 Oil, Sunflowerseed 12.42 15.34 13.53 15.67 15.94

141.36 Total 148.98 157.41 160.71 168.98 169.53

none

Imports none

2.28 Oil, Coconut 1.78 1.82 1.89 1.82 1.82

0.07 Oil, Cottonseed 0.07 0.08 0.08 0.06 0.06

0.52 Oil, Olive 0.55 0.62 0.65 0.63 0.63

35.20 Oil, Palm 36.31 38.80 41.73 42.95 41.79

2.55 Oil, Palm Kernel 2.43 2.54 3.08 2.81 2.85

0.19 Oil, Peanut 0.20 0.16 0.16 0.19 0.18

2.92 Oil, Rapeseed 3.31 4.01 3.88 3.84 3.91

8.72 Oil, Soybean 9.50 7.96 8.43 8.81 8.81

3.73 Oil, Sunflowerseed 3.65 5.66 4.95 6.40 6.21

56.17 Total 57.79 61.64 64.84 67.50 66.26

none

Exports none

2.17 Oil, Coconut 1.71 1.88 1.90 1.79 1.79

0.11 Oil, Cottonseed 0.14 0.17 0.15 0.14 0.13

0.68 Oil, Olive 0.75 0.85 0.78 0.79 0.79

35.47 Oil, Palm 36.86 39.03 42.80 43.29 42.55

2.50 Oil, Palm Kernel 2.54 2.46 2.93 2.92 2.98

0.19 Oil, Peanut 0.17 0.17 0.20 0.22 0.22

2.76 Oil, Rapeseed 3.42 3.97 3.93 4.07 4.07

9.16 Oil, Soybean 9.64 8.47 9.32 9.28 9.32

4.47 Oil, Sunflowerseed 4.52 6.40 5.45 7.03 6.91

57.50 Total 59.75 63.39 67.45 69.53 68.76

none

Domestic Consumption none

3.84 Oil, Coconut 3.67 3.53 3.79 3.68 3.69

4.59 Oil, Cottonseed 4.78 5.16 5.23 5.06 5.07

2.97 Oil, Olive 3.03 3.07 2.85 3.01 3.01

45.45 Oil, Palm 47.49 50.79 54.79 56.91 57.32

5.47 Oil, Palm Kernel 5.69 5.94 6.58 6.84 6.76

5.04 Oil, Peanut 5.32 5.37 5.53 5.61 5.65

22.62 Oil, Rapeseed 23.51 23.66 23.74 24.66 24.91

38.21 Oil, Soybean 40.71 42.04 42.40 44.33 44.21

11.79 Oil, Sunflowerseed 11.79 13.19 13.42 14.55 14.64

139.97 Total 145.99 152.76 158.33 164.64 165.25

none

Ending Stocks none

0.64 Oil, Coconut 0.75 0.57 0.43 0.32 0.33

0.16 Oil, Cottonseed 0.27 0.26 0.22 0.20 0.21

0.60 Oil, Olive 0.62 0.57 0.27 0.37 0.37

5.49 Oil, Palm 6.19 7.16 7.12 8.26 7.56

0.89 Oil, Palm Kernel 0.82 1.09 1.17 1.18 1.10

0.10 Oil, Peanut 0.13 0.08 0.05 0.07 0.06

1.25 Oil, Rapeseed 1.17 1.67 2.80 3.70 3.73

3.37 Oil, Soybean 3.81 3.88 3.37 3.30 3.25

1.51 Oil, Sunflowerseed 1.27 2.68 2.29 2.92 2.89

14.00 Total 15.04 17.94 17.71 20.32 19.49

Totals may not add due to rounding

April 2014

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

Million Metric Tons

2009/10 2010/11 2011/12 2012/13

Mar

2013/14

Apr

2013/14

Production none

98.90 United States 100.38 92.35 93.15 97.32 97.32

71.42 Brazil 79.04 70.24 84.76 91.50 90.94

57.84 China 58.06 59.60 59.88 58.59 58.59

57.88 Argentina 54.23 44.78 53.66 57.74 57.78

32.93 India 35.65 36.33 36.79 37.96 37.61

128.64 Other 133.95 144.01 146.33 161.20 162.28

447.60 Total 461.30 447.30 474.56 504.30 504.53

Imports none

52.54 China 53.66 62.29 63.52 72.64 72.94

15.88 European Union 16.29 16.89 16.98 16.79 16.80

5.91 Japan 5.47 5.34 5.54 5.54 5.48

5.20 Mexico 5.36 5.39 5.08 5.40 5.30

1.07 United States 0.95 1.29 1.49 1.90 2.79

2.47 Taiwan 2.46 2.29 2.29 2.41 2.31

1.90 Indonesia 2.19 2.15 2.10 2.31 2.21

2.59 Turkey 2.34 2.03 2.02 2.24 2.14

1.74 Thailand 2.22 1.99 1.96 2.12 2.02

1.68 Egypt 1.70 1.74 1.72 1.79 1.69

10.72 Other 11.14 10.44 10.01 10.71 11.05

101.71 Total 103.78 111.84 112.72 123.83 124.71

Exports none

28.65 Brazil 30.07 36.35 42.02 45.14 44.65

41.69 United States 41.94 37.78 36.94 42.41 43.86

9.47 Canada 10.20 11.66 10.64 11.67 11.87

13.79 Argentina 10.03 8.10 8.45 8.73 8.73

2.41 Ukraine 2.85 2.83 2.72 4.33 4.33

4.10 Paraguay 5.27 3.61 5.54 4.35 4.32

1.95 Uruguay 1.82 2.61 3.55 3.06 3.37

4.84 Other 6.21 8.30 8.53 8.08 8.25

106.90 Total 108.38 111.23 118.39 127.77 129.38

Crush none

81.41 China 87.41 96.29 102.64 105.92 106.22

51.49 United States 49.34 50.35 50.24 50.05 49.98

41.76 European Union 41.14 41.24 42.35 42.39 42.40

37.19 Argentina 41.58 39.95 36.27 39.57 39.77

35.97 Brazil 39.37 41.17 36.99 39.94 39.74

25.11 India 29.13 28.46 28.97 29.44 29.59

8.69 Russia 7.83 11.96 11.05 12.54 12.98

7.67 Ukraine 8.49 11.01 9.32 11.91 11.91

7.57 Indonesia 7.68 8.35 8.99 9.80 9.70

6.08 Canada 7.74 8.41 8.18 9.30 9.30

5.47 Mexico 5.73 5.86 5.71 5.89 5.86

5.28 Pakistan 5.22 5.80 5.55 5.66 5.63

4.97 Malaysia 4.97 5.05 5.27 5.28 5.26

4.84 Japan 4.52 4.35 4.38 4.45 4.44

1.79 Paraguay 1.78 1.12 3.07 3.85 3.88

33.89 Other 36.32 36.43 37.54 38.13 38.27

359.16 Total 378.22 395.79 396.51 414.11 414.92

Ending Stocks none

22.06 Argentina 22.53 17.09 23.85 30.95 30.83

17.67 Brazil 23.93 13.26 16.04 19.36 19.24

15.32 China 16.12 17.05 13.25 14.34 14.34

5.54 United States 7.31 5.57 5.76 5.62 5.24

2.78 European Union 2.70 3.42 1.69 2.79 3.03

12.28 Other 11.82 8.82 6.90 10.98 9.94

75.66 Total 84.40 65.21 67.49 84.04 82.61

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

April 2014

Page 9: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

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

Million Metric Tons

2009/10 2010/11 2011/12 2012/13

Mar

2013/14

Apr

2013/14

Production none

55.67 China 60.43 66.79 71.17 73.87 74.06

40.07 United States 38.06 39.52 38.66 38.74 38.68

27.24 Brazil 29.65 31.02 27.94 30.19 30.00

27.97 Argentina 31.07 29.71 27.25 29.83 29.91

27.00 European Union 26.59 26.48 27.42 27.32 27.33

65.60 Other 71.77 73.84 75.69 80.24 80.20

243.54 Total 257.58 267.34 268.13 280.20 280.18

Imports none

25.46 European Union 27.04 28.20 23.39 26.14 26.14

2.66 Indonesia 3.32 3.53 3.63 3.86 3.86

2.93 Thailand 2.75 3.36 3.26 3.60 3.60

3.32 Korea, South 3.08 3.38 3.54 3.55 3.60

1.34 United States 2.24 3.03 3.39 3.50 3.50

3.17 Vietnam 2.96 2.52 3.35 3.32 3.33

1.69 Iran 1.88 2.38 2.17 2.57 2.37

28.24 Other 30.86 31.03 29.87 32.15 31.99

68.79 Total 74.12 77.43 72.60 78.68 78.38

Exports none

25.55 Argentina 28.39 26.93 24.02 27.78 27.78

12.99 Brazil 13.99 14.68 13.24 14.00 13.78

10.31 United States 8.49 9.16 10.43 10.23 10.27

3.97 India 6.23 5.41 5.29 4.47 4.55

2.52 Ukraine 2.93 3.86 3.07 4.15 4.14

2.87 Indonesia 3.14 3.68 3.80 3.91 3.91

2.06 Canada 3.22 3.49 3.66 3.81 3.81

11.74 Other 10.71 12.92 14.50 15.04 14.97

72.01 Total 77.09 80.14 78.01 83.39 83.20

Domestic Consumption none

56.43 China 62.88 67.73 70.72 74.07 74.13

51.63 European Union 52.20 53.07 50.57 51.75 51.75

31.01 United States 31.78 33.43 31.64 32.00 31.89

14.11 Brazil 15.44 15.61 15.42 15.80 15.83

10.47 India 11.23 11.55 11.91 12.98 12.85

5.47 Mexico 5.74 5.81 5.63 5.81 5.82

4.60 Thailand 4.85 5.22 5.31 5.58 5.57

5.76 Japan 5.62 5.60 5.22 5.70 5.40

3.31 Indonesia 3.68 3.90 4.32 4.81 4.81

3.72 Russia 3.99 4.38 4.49 4.74 4.70

52.27 Other 54.68 56.67 58.97 60.98 61.15

238.79 Total 252.08 262.98 264.18 274.20 273.89

SME none

53.61 China 60.10 64.84 67.69 71.17 71.05

46.65 European Union 47.08 47.61 44.87 46.15 46.13

30.47 United States 30.92 32.39 30.45 30.79 30.67

13.90 Brazil 15.16 15.32 15.20 15.55 15.58

9.08 India 9.78 10.12 10.41 11.39 11.27

5.12 Mexico 5.38 5.44 5.26 5.46 5.46

4.55 Thailand 4.73 5.13 5.20 5.48 5.46

60.47 Other 63.30 65.93 67.82 70.85 70.68

223.85 Total 236.44 246.78 246.90 256.83 256.32

Ending Stocks none

1.75 Argentina 2.73 3.64 4.95 4.96 4.99

2.17 Brazil 2.45 3.21 2.52 2.93 2.93

0.81 European Union 1.04 1.17 0.25 0.66 0.72

0.22 Indonesia 0.44 0.46 0.43 0.49 0.40

0.34 United States 0.38 0.34 0.31 0.34 0.34

3.22 Other 4.02 3.89 2.77 3.57 3.32

8.51 Total 11.04 12.70 11.22 12.95 12.70

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

April 2014

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

Million Metric Tons

2009/10 2010/11 2011/12 2012/13

Mar

2013/14

Apr

2013/14

Production none

25.59 Indonesia 27.24 30.13 32.73 35.58 35.54

17.88 China 19.02 21.00 22.40 23.10 23.21

19.94 Malaysia 20.39 20.42 21.64 21.49 21.49

16.74 European Union 16.65 16.66 16.47 17.16 17.18

10.07 United States 9.79 10.04 10.21 10.15 10.15

7.69 Argentina 8.80 8.48 7.44 8.15 8.25

7.16 Brazil 7.81 8.21 7.46 8.01 7.99

36.29 Other 39.29 42.48 42.37 45.33 45.73

141.36 Total 148.98 157.41 160.71 168.98 169.53

Imports none

9.07 India 8.58 10.03 10.68 11.80 11.60

9.00 China 8.39 9.23 10.79 10.52 10.37

8.95 European Union 8.53 9.12 9.89 9.47 9.34

3.34 United States 3.61 3.83 3.79 4.14 4.11

2.03 Pakistan 2.12 2.26 2.30 2.50 2.50

1.90 Egypt 2.24 2.14 1.91 2.35 2.35

2.12 Malaysia 2.38 2.65 1.83 2.57 1.70

0.97 Iran 1.45 1.35 1.48 1.69 1.67

1.31 Bangladesh 1.38 1.41 1.43 1.46 1.46

0.62 Turkey 0.86 1.11 1.26 1.25 1.33

16.87 Other 18.25 18.51 19.49 19.76 19.84

56.17 Total 57.79 61.64 64.84 67.50 66.26

Exports none

18.72 Indonesia 18.46 20.73 22.64 23.65 23.10

16.47 Malaysia 17.66 17.63 19.15 18.72 18.52

5.10 Argentina 5.59 4.65 4.67 5.21 5.21

2.69 Ukraine 2.70 3.33 3.32 4.18 3.88

1.86 Canada 2.49 2.75 2.63 2.78 2.78

1.31 European Union 1.62 2.00 2.41 2.02 2.16

0.76 Russia 0.41 1.80 1.27 1.88 2.00

10.59 Other 10.82 10.50 11.35 11.10 11.12

57.50 Total 59.75 63.39 67.45 69.53 68.76

Domestic Consumption none

26.91 China 27.69 29.24 31.17 32.90 32.90

24.51 European Union 24.29 24.09 24.01 24.32 24.11

15.21 India 16.02 16.79 18.06 19.15 19.09

11.20 United States 11.92 12.79 13.00 13.34 13.31

6.72 Indonesia 7.95 8.92 9.87 10.80 11.67

6.06 Brazil 6.36 6.68 6.79 6.99 7.03

5.44 Malaysia 4.77 4.94 4.94 5.18 4.80

3.28 Pakistan 3.40 3.54 3.61 3.81 3.80

3.10 Russia 3.14 3.21 3.37 3.47 3.46

2.42 Argentina 3.05 3.60 2.94 3.06 3.22

2.08 Egypt 2.27 2.42 2.54 2.58 2.58

2.16 Mexico 2.22 2.30 2.35 2.38 2.38

2.23 Japan 2.20 2.16 2.19 2.25 2.22

1.66 Turkey 1.74 1.78 1.92 2.05 2.11

1.67 Thailand 1.94 2.01 2.05 2.03 2.07

25.33 Other 27.03 28.32 29.53 30.37 30.53

139.97 Total 145.99 152.76 158.33 164.64 165.25

Ending Stocks none

1.13 China 0.78 1.69 3.62 4.25 4.21

0.50 Indonesia 1.37 1.88 2.13 3.46 2.93

2.22 Malaysia 2.56 3.05 2.42 2.60 2.30

2.39 European Union 1.66 1.35 1.29 1.53 1.54

1.99 United States 1.61 1.54 1.16 1.12 1.12

5.77 Other 7.06 8.42 7.09 7.36 7.40

14.00 Total 15.04 17.94 17.71 20.32 19.49

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

April 2014

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Table 07: Soybeans: World Supply and Distribution

Thousand Metric Tons

2009/10 2010/11 2011/12 2012/13

Mar

2013/14

Apr

2013/14

Production none

91,417 United States 90,605 84,192 82,561 89,507 89,507

69,000 Brazil 75,300 66,500 82,000 88,500 87,500

54,500 Argentina 49,000 40,100 49,300 54,000 54,000

14,980 China 15,080 14,485 13,050 12,200 12,200

9,700 India 9,800 11,000 11,500 11,800 11,000

6,462 Paraguay 7,128 4,043 8,300 8,100 8,100

3,581 Canada 4,445 4,298 5,086 5,200 5,200

10,960 Other 12,787 14,955 16,306 16,125 16,538

260,600 Total 264,145 239,573 268,103 285,432 284,045

Imports none

50,338 China 52,339 59,231 59,865 69,000 69,000

12,683 European Union 12,472 12,070 12,506 12,300 12,300

3,523 Mexico 3,498 3,606 3,409 3,650 3,600

3,401 Japan 2,917 2,759 2,830 2,860 2,800

2,469 Taiwan 2,454 2,285 2,286 2,400 2,300

1,660 Thailand 2,139 1,907 1,867 2,030 1,930

1,620 Indonesia 1,898 1,922 1,795 2,000 1,900

397 United States 393 439 984 952 1,769

1,638 Egypt 1,644 1,661 1,658 1,700 1,600

231 Vietnam 932 1,290 1,258 1,380 1,275

8,854 Other 8,074 6,285 7,109 7,065 7,460

86,814 Total 88,760 93,455 95,567 105,337 105,934

Exports none

28,578 Brazil 29,951 36,257 41,904 45,000 44,500

40,798 United States 40,957 37,150 35,913 41,640 43,001

13,088 Argentina 9,205 7,368 7,738 8,000 8,000

4,070 Paraguay 5,226 3,574 5,518 4,300 4,300

2,247 Canada 2,943 2,933 3,484 3,530 3,530

2,656 Other 3,418 4,873 6,092 5,750 6,102

91,437 Total 91,700 92,155 100,649 108,220 109,433

Crush none

48,830 China 55,000 60,970 64,950 68,350 68,350

47,673 United States 44,851 46,348 45,967 45,994 45,858

33,700 Brazil 36,330 38,083 34,480 37,275 37,000

34,127 Argentina 37,614 35,886 33,611 36,600 36,600

12,595 European Union 12,355 12,245 12,743 12,350 12,350

7,400 India 9,400 9,600 9,600 9,500 9,400

3,600 Mexico 3,625 3,675 3,650 3,850 3,850

1,558 Paraguay 1,570 950 2,850 3,700 3,700

1,950 Russia 2,170 2,400 2,440 2,470 2,560

1,520 Bolivia 1,800 2,000 2,175 2,000 2,000

2,535 Japan 2,149 1,960 1,915 2,020 1,960

2,010 Taiwan 2,060 2,020 1,920 2,020 1,870

1,520 Thailand 1,820 1,751 1,675 1,720 1,700

1,635 Egypt 1,644 1,620 1,640 1,680 1,620

1,291 Canada 1,425 1,411 1,463 1,500 1,500

7,240 Other 7,587 7,244 7,971 8,010 8,356

209,184 Total 221,400 228,163 229,050 239,039 238,674

Ending Stocks none

21,039 Argentina 21,403 16,389 22,402 29,806 29,804

17,480 Brazil 23,636 12,974 15,985 19,200 19,033

13,209 China 14,538 15,909 12,378 13,698 13,698

4,106 United States 5,852 4,610 3,826 3,954 3,667

541 European Union 536 537 306 501 521

4,569 Other 4,390 3,164 2,971 3,481 2,692

60,944 Total 70,355 53,583 57,868 70,640 69,415

Most countries are on an October/September Marketing Year (MY). The United States, Mexico, and Thailand are on a September/August

MY. Canada is on an August/July MY. Paraguay is on a March/February MY.

April 2014

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Table 08: Soybean Meal: World Supply and Distribution

Thousand Metric Tons

2009/10 2010/11 2011/12 2012/13

Mar

2013/14

Apr

2013/14

Production none

38,644 China 43,560 48,288 51,440 54,154 54,154

37,836 United States 35,608 37,217 36,174 36,387 36,297

26,120 Brazil 28,160 29,510 26,720 28,890 28,670

26,624 Argentina 29,312 27,945 26,089 28,525 28,525

9,950 European Union 9,760 9,674 10,194 9,855 9,855

5,910 India 7,520 7,680 7,680 7,600 7,520

2,850 Mexico 2,870 2,910 2,890 3,048 3,048

17,013 Other 17,894 17,247 19,326 20,197 20,317

164,947 Total 174,684 180,471 180,513 188,656 188,386

Imports none

20,879 European Union 21,877 20,872 16,943 19,100 19,100

2,507 Indonesia 3,069 3,278 3,367 3,600 3,600

2,513 Thailand 2,318 2,928 2,874 3,200 3,200

2,879 Vietnam 2,719 2,276 3,064 2,950 3,050

1,524 Iran 1,742 2,192 2,099 2,400 2,200

2,106 Japan 2,208 2,282 1,765 2,230 2,000

1,719 Philippines 1,972 1,880 1,925 2,050 1,975

1,737 Korea, South 1,658 1,571 1,654 1,700 1,700

1,209 Mexico 1,500 1,548 1,295 1,480 1,480

1,076 Malaysia 1,028 1,078 1,276 1,300 1,350

15,331 Other 16,817 17,188 17,556 18,210 18,370

53,480 Total 56,908 57,093 53,818 58,220 58,025

Exports none

24,914 Argentina 27,615 26,044 23,667 27,325 27,325

12,985 Brazil 13,987 14,678 13,242 14,000 13,780

10,125 United States 8,238 8,838 10,083 9,888 9,979

3,117 India 4,800 4,391 4,354 3,550 3,550

1,124 Paraguay 1,043 523 2,149 2,650 2,650

3,341 Other 2,866 3,796 4,272 4,012 3,982

55,606 Total 58,549 58,270 57,767 61,425 61,266

Domestic Consumption none

37,546 China 43,382 47,435 50,091 53,104 53,074

30,359 European Union 30,952 29,870 26,894 27,961 28,011

27,795 United States 27,489 28,621 26,336 26,671 26,490

13,000 Brazil 13,950 14,100 14,200 14,498 14,498

3,613 Thailand 3,775 4,153 4,333 4,550 4,534

4,160 Mexico 4,340 4,370 4,225 4,450 4,450

2,800 Vietnam 3,100 3,300 3,900 3,950 4,000

2,570 India 2,901 3,331 3,363 4,070 3,936

2,527 Indonesia 2,784 3,218 3,430 3,650 3,650

3,900 Japan 3,844 3,840 3,352 3,700 3,496

2,417 Iran 2,525 2,500 2,460 2,550 2,475

2,420 Korea, South 2,336 2,265 2,248 2,315 2,315

1,874 Russia 2,181 2,365 2,532 2,407 2,307

1,725 Egypt 1,900 2,100 2,140 2,275 2,225

1,775 Philippines 1,875 1,925 1,950 2,020 2,050

22,497 Other 23,688 24,374 25,510 26,314 26,607

160,978 Total 171,022 177,767 176,964 184,485 184,118

Ending Stocks none

1,602 Argentina 2,434 3,376 4,732 4,740 4,740

2,155 Brazil 2,436 3,198 2,508 2,925 2,925

504 European Union 580 371 77 371 421

73 Turkey 196 292 292 298 294

45 Indonesia 330 390 323 277 273

2,250 Other 2,674 2,550 1,845 2,311 2,151

6,629 Total 8,650 10,177 9,777 10,922 10,804

Most countries are on an October/September Marketing Year (MY). The Mexico and Thailand are on a September/August MY. Canada is

on an August/July MY. Paraguay is on a March/February MY. Vietnam and the Philippines are on a January/December MY and Bolivia is

on a March/February MY.

April 2014

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Table 09: Soybean Oil: World Supply and Distribution

Thousand Metric Tons

2009/10 2010/11 2011/12 2012/13

Mar

2013/14

Apr

2013/14

Production none

8,726 China 9,840 10,914 11,626 12,246 12,246

8,897 United States 8,568 8,954 8,990 8,945 8,920

6,470 Brazil 6,970 7,310 6,620 7,150 7,100

6,476 Argentina 7,181 6,839 6,364 6,975 6,975

2,290 European Union 2,246 2,226 2,317 2,242 2,242

1,320 India 1,675 1,710 1,690 1,700 1,688

296 Paraguay 300 185 555 695 700

4,315 Other 4,517 4,479 4,621 4,706 4,733

38,790 Total 41,297 42,617 42,783 44,659 44,604

Imports none

1,514 China 1,319 1,502 1,409 1,470 1,470

1,598 India 945 1,174 1,086 1,230 1,230

275 Iran 704 411 543 650 630

402 Algeria 516 438 575 575 575

302 Venezuela 366 415 374 400 400

379 Morocco 397 367 364 370 370

352 Peru 315 344 363 370 370

349 Bangladesh 376 420 397 350 355

318 Korea, South 300 343 300 350 350

243 Egypt 637 0 324 325 325

2,985 Other 3,625 2,542 2,695 2,718 2,736

8,717 Total 9,500 7,956 8,430 8,808 8,811

Exports none

4,453 Argentina 4,561 3,794 4,244 4,500 4,500

1,449 Brazil 1,668 1,885 1,251 1,450 1,400

386 European Union 463 741 1,013 750 800

1,524 United States 1,466 664 982 680 703

243 Paraguay 255 127 558 640 640

230 Bolivia 232 224 260 265 260

170 Russia 136 142 129 160 180

705 Other 862 890 885 832 841

9,160 Total 9,643 8,467 9,322 9,277 9,324

Domestic Consumption none

10,435 China 11,109 11,944 12,545 13,654 13,654

7,173 United States 7,619 8,306 8,476 8,415 8,369

4,980 Brazil 5,205 5,400 5,544 5,740 5,740

2,760 India 2,640 2,750 2,910 3,000 2,990

1,915 Argentina 2,520 3,020 2,275 2,490 2,490

2,415 European Union 2,745 1,989 1,650 1,770 1,720

875 Mexico 835 840 844 875 880

575 Iran 646 625 630 675 675

560 Egypt 669 440 591 592 592

395 Algeria 475 490 540 570 570

445 Korea, South 443 465 455 481 486

398 Venezuela 399 424 434 436 454

371 Bangladesh 388 440 445 420 445

506 Japan 433 390 409 413 398

420 Morocco 403 372 374 380 375

3,988 Other 4,181 4,147 4,275 4,414 4,371

38,211 Total 40,710 42,042 42,397 44,325 44,209

Ending Stocks none

205 China 203 615 1,021 1,023 1,023

1,545 United States 1,100 1,152 773 714 712

195 Argentina 295 320 258 323 323

286 Brazil 383 408 239 199 199

257 India 237 361 227 156 154

881 Other 1,595 1,021 853 882 842

3,369 Total 3,813 3,877 3,371 3,297 3,253

Most countries are on an October/September Marketing Year (MY). Mexico is on a September/August MY. Peru is on an

January/December MY and Paraguay and Bolivia are on a March/February MY.

April 2014

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Table 10: Soybeans and Products: World Trade

Thousand Metric Tons

Marketing Year

Meal, Soybean Oil, Soybean Oilseed, Soybean

2013/142012/132011/122013/142012/132011/122013/142012/132011/12

Exports

North America 9,022 10,341 10,224 740 1,088 797 40,083 39,397 46,531

Canada (Aug-Jul) 173 245 230 72 102 90 2,933 3,484 3,530

United States (Sep-Aug) 8,838 10,083 9,979 664 982 703 37,150 35,913 43,001

South America 42,453 40,539 45,015 6,039 6,318 6,803 0 0 60,455

Argentina (Oct-Sep) 26,044 23,667 27,325 3,794 4,244 4,500 7,368 7,738 8,000

Brazil (Oct-Sep) 14,678 13,242 13,780 1,885 1,251 1,400 36,257 41,904 44,500

Paraguay (Mar-Feb) 523 2,149 2,650 127 558 640 3,574 5,518 4,300

South Asia 4,398 4,361 3,557 10 0 1 39 0 105

India (Oct-Sep) 4,391 4,354 3,550 10 0 1 39 99 105

Other 2,397 2,526 2,470 1,678 1,916 1,723 52,033 61,252 2,342

World Total 58,270 57,767 61,266 8,467 9,322 9,324 92,155 100,649 109,433

Imports

European Union - 28 0 0 19,100 0 0 320 0 0 12,300

East Asia 4,149 3,509 3,835 54 1,862 1,954 2,304 66,112 75,290

China (Oct-Sep) 113 16 20 1,502 1,409 1,470 59,231 59,865 69,000

Japan (Oct-Sep) 2,282 1,765 2,000 20 38 24 2,759 2,830 2,800

Korea, South (Oct-Sep) 1,571 1,654 1,700 343 300 350 1,139 1,115 1,170

Taiwan (Oct-Sep) 117 43 60 0 0 0 2,285 2,286 2,300

Southeast Asia 11,462 12,528 13,197 240 226 236 5,798 5,573 5,800

Indonesia (Oct-Sep) 3,278 3,367 3,600 22 25 25 1,922 1,795 1,900

Malaysia (Oct-Sep) 1,078 1,276 1,350 99 78 85 609 573 600

Philippines (Jan-Dec) 1,880 1,925 1,975 37 37 37 51 60 75

Thailand (Sep-Aug) 2,928 2,874 3,200 0 0 0 1,907 1,867 1,930

Vietnam (Jan-Dec) 2,276 3,064 3,050 49 55 55 1,290 1,258 1,275

North America 2,882 2,500 2,725 241 311 313 4,275 4,663 5,619

Canada (Aug-Jul) 1,138 983 1,050 28 28 32 230 270 250

Mexico (Sep-Aug) 1,548 1,295 1,480 145 194 190 3,606 3,409 3,600

South America 4,571 4,582 4,718 1,155 1,252 1,299 0 0 1,041

Brazil (Oct-Sep) 30 32 25 0 6 0 128 395 150

Colombia (Oct-Sep) 1,021 1,057 1,065 257 216 230 258 328 360

Central America 458 938 965 86 153 172 0 15 306

Caribbean 32 760 805 46 255 273 0 0 152

Middle East 35 235 5,215 5 2 738 0 50 1,770

Iran (Oct-Sep) 2,192 2,099 2,200 411 543 630 182 126 250

Israel (Oct-Sep) 178 122 125 10 21 18 268 313 350

Syria (Jan-Dec) 400 200 300 2 2 3 70 50 70

Turkey (Oct-Sep) 942 1,030 1,100 1 3 5 1,057 1,249 1,100

North Africa 1,584 1,558 3,110 923 1,385 1,390 76 1,731 1,675

Egypt (Oct-Sep) 817 889 950 0 324 325 1,661 1,658 1,600

Other 31,920 27,208 4,355 5,206 2,984 2,116 81,002 17,423 1,981

World Total 57,093 53,818 58,025 7,956 8,430 8,811 93,455 95,567 105,934

April 2014

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Table 11: Palm Oil: World Supply and Distribution

Thousand Metric Tons

2009/10 2010/11 2011/12 2012/13

Mar

2013/14

Apr

2013/14

Production none

22,000 Indonesia 23,600 26,200 28,500 31,000 31,000

17,763 Malaysia 18,211 18,202 19,321 19,200 19,200

1,287 Thailand 1,832 1,892 2,000 2,100 2,100

805 Colombia 753 945 974 1,035 1,035

850 Nigeria 850 850 910 930 930

3,351 Other 3,497 3,905 4,113 4,166 4,256

46,056 Total 48,743 51,994 55,818 58,431 58,521

Imports none

6,603 India 6,661 7,473 8,307 9,000 8,750

5,760 China 5,711 5,841 6,589 6,600 6,400

5,442 European Union 4,944 5,707 6,781 6,100 6,200

1,989 Pakistan 2,064 2,218 2,246 2,450 2,450

994 United States 980 1,032 1,285 1,360 1,360

1,174 Egypt 1,277 1,204 969 1,225 1,225

951 Bangladesh 996 984 1,030 1,100 1,100

1,283 Malaysia 1,593 1,852 957 1,675 800

435 Singapore 656 854 654 850 750

548 Iran 634 610 722 740 740

10,020 Other 10,790 11,021 12,194 11,845 12,015

35,199 Total 36,306 38,796 41,734 42,945 41,790

Exports none

16,573 Indonesia 16,423 18,452 20,373 21,300 20,700

15,530 Malaysia 16,596 16,600 18,000 17,500 17,300

520 Papua New Guinea 577 587 564 640 640

121 Thailand 382 293 550 520 520

466 Benin 255 253 425 390 390

2,255 Other 2,630 2,843 2,887 2,939 3,001

35,465 Total 36,863 39,028 42,799 43,289 42,551

Domestic Consumption none

5,494 Indonesia 6,414 7,129 7,815 8,501 9,489

6,440 India 7,080 7,425 8,425 9,144 8,894

5,930 China 5,797 5,841 6,389 6,579 6,479

5,220 European Union 4,910 5,630 6,213 6,055 6,055

3,381 Malaysia 2,759 3,136 2,975 3,160 2,784

1,957 Pakistan 2,077 2,110 2,235 2,405 2,405

1,255 Thailand 1,457 1,563 1,590 1,610 1,610

1,252 Nigeria 1,267 1,285 1,375 1,405 1,405

957 United States 957 1,043 1,230 1,353 1,353

1,080 Egypt 1,180 1,185 1,170 1,190 1,190

921 Bangladesh 980 1,030 1,030 1,100 1,100

737 Colombia 787 890 885 945 945

552 Iran 580 600 725 730 730

552 Russia 585 600 660 690 690

125 Singapore 575 685 590 740 665

9,599 Other 10,082 10,641 11,483 11,304 11,528

45,452 Total 47,487 50,793 54,790 56,911 57,322

Ending Stocks none

39 Indonesia 825 1,445 1,758 3,031 2,570

1,714 Malaysia 2,163 2,481 1,784 1,999 1,700

621 European Union 455 369 798 640 793

940 India 571 669 601 507 507

328 China 241 240 439 459 359

1,847 Other 1,933 1,953 1,740 1,620 1,629

5,489 Total 6,188 7,157 7,120 8,256 7,558

April 2014

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Table 12: Rapeseed and Products: World Supply and Distribution

Thousand Metric Tons

Marketing Year

Meal, Rapeseed Oil, Rapeseed Oilseed, Rapeseed

2013/142012/132011/122013/142012/132011/122013/142012/132011/12

Production

China (Oct-Sep) 10,122 10,690 11,049 5,725 6,045 6,259 13,426 14,007 14,400

India (Oct-Sep) 3,363 3,540 3,720 2,200 2,310 2,450 6,200 6,800 7,300

Canada (Aug-Jul) 3,925 3,765 4,368 3,070 2,950 3,400 14,608 13,869 18,000

Japan (Oct-Sep) 1,296 1,365 1,370 1,000 1,055 1,012 1 2 2

European Union (Jul-Jun) 12,441 13,057 13,051 8,980 9,424 9,421 19,235 19,210 21,100

Other 4,482 4,524 4,976 3,142 3,149 3,454 8,014 9,134 10,210

World Total 35,629 36,941 38,534 24,117 24,933 25,996 61,484 63,022 71,012

Imports

China (Oct-Sep) 666 106 200 1,036 1,598 1,300 2,622 3,421 3,700

India (Oct-Sep) 0 0 0 98 8 100 0 0 0

Canada (Aug-Jul) 8 11 5 92 170 100 97 128 85

Japan (Oct-Sep) 14 75 100 29 21 10 2,350 2,495 2,450

European Union (Jul-Jun) 240 414 400 607 210 300 3,752 3,378 3,400

Other 4,162 4,606 4,778 2,149 1,868 2,099 4,361 3,238 4,050

World Total 5,090 5,212 5,483 4,011 3,875 3,909 13,182 12,660 13,685

Exports

China (Oct-Sep) 51 101 80 6 6 10 0 0 0

India (Oct-Sep) 1,000 901 950 2 2 2 0 0 0

Canada (Aug-Jul) 3,310 3,406 3,570 2,676 2,516 2,680 8,695 7,114 8,300

Japan (Oct-Sep) 7 0 2 0 1 1 0 0 0

European Union (Jul-Jun) 284 272 300 230 445 380 149 93 300

Other 718 700 766 1,056 963 998 4,071 5,244 5,266

World Total 5,370 5,380 5,668 3,970 3,933 4,071 12,915 12,451 13,866

Domestic Consumption

China (Oct-Sep) 10,737 10,695 11,169 6,255 6,316 6,880 16,650 17,600 18,200

India (Oct-Sep) 2,368 2,630 2,770 2,323 2,425 2,570 6,600 6,960 7,350

Canada (Aug-Jul) 575 575 600 545 572 645 7,495 6,996 8,085

Japan (Oct-Sep) 1,313 1,440 1,468 1,015 1,020 1,021 2,372 2,444 2,456

European Union (Jul-Jun) 12,371 13,251 13,120 9,325 9,253 9,255 22,479 23,534 23,530

Other 7,904 8,502 8,959 4,200 4,155 4,539 7,907 7,844 8,724

World Total 35,268 37,093 38,086 23,663 23,741 24,910 63,503 65,378 68,345

Ending Stocks

China (Oct-Sep) 0 0 0 836 2,157 2,826 804 632 532

India (Oct-Sep) 21 30 30 158 49 27 529 369 319

Canada (Aug-Jul) 255 50 253 39 71 246 713 600 2,300

Japan (Oct-Sep) 0 0 0 63 118 118 56 109 105

European Union (Jul-Jun) 141 89 120 156 92 178 2,197 1,158 1,828

Other 173 101 130 415 314 330 1,149 433 703

World Total 590 270 533 1,667 2,801 3,725 5,448 3,301 5,787

4/9/2014 11:25:52 AM

April 2014

Page 17: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

Table 13: Sunflowerseed and Products World Supply and Distribution

Thousand Metric Tons

Marketing Year

Oilseed, Sunflowerseed Meal, Sunflowerseed Oil, Sunflowerseed

2013/142012/132011/122013/142012/132011/122013/142012/132011/12

Production

Argentina (Mar-Feb) 3,341 3,100 2,300 1,621 1,021 1,200 1,565 990 1,170

Russia (Sep-Aug) 9,627 7,959 10,554 3,199 2,808 3,418 3,552 3,117 3,798

Turkey (Sep-Aug) 925 1,125 1,400 640 685 819 718 769 918

Ukraine (Sep-Aug) 10,500 9,000 12,500 4,315 3,607 4,640 4,347 3,630 4,670

European Union (Oct-Sep) 8,456 6,999 8,700 3,798 3,570 3,800 2,937 2,753 2,937

Other 7,792 8,229 8,324 2,493 2,619 2,803 2,219 2,274 2,449

World Total 40,641 36,412 43,778 16,066 14,310 16,680 15,338 13,533 15,942

Imports

Argentina (Mar-Feb) 7 9 8 0 0 0 0 0 0

Russia (Sep-Aug) 28 28 15 0 0 0 14 21 10

Turkey (Sep-Aug) 834 628 850 739 432 620 651 657 750

Ukraine (Sep-Aug) 17 20 10 1 2 0 1 1 0

European Union (Oct-Sep) 280 209 280 3,856 3,030 3,600 991 942 1,000

Other 471 326 667 1,483 1,193 1,562 4,006 3,328 4,453

World Total 1,637 1,220 1,830 6,079 4,657 5,782 5,663 4,949 6,213

Exports

Argentina (Mar-Feb) 80 84 75 839 310 400 790 350 620

Russia (Sep-Aug) 332 31 250 1,681 1,360 1,500 1,427 942 1,550

Turkey (Sep-Aug) 38 38 40 2 1 0 271 289 350

Ukraine (Sep-Aug) 282 127 200 3,837 3,052 4,060 3,263 3,245 3,760

European Union (Oct-Sep) 596 521 750 122 123 130 208 239 250

Other 597 675 758 275 227 257 445 382 383

World Total 1,925 1,476 2,073 6,756 5,073 6,347 6,404 5,447 6,913

Domestic Consumption

Argentina (Mar-Feb) 3,785 2,374 2,780 800 745 775 572 652 722

Russia (Sep-Aug) 9,345 8,046 9,950 1,545 1,474 1,801 2,100 2,120 2,180

Turkey (Sep-Aug) 1,687 1,807 2,157 1,285 1,208 1,419 931 994 1,130

Ukraine (Sep-Aug) 10,455 8,710 11,255 421 466 536 540 585 590

European Union (Oct-Sep) 7,784 7,162 7,757 7,168 7,060 7,175 3,701 3,603 3,668

Other 7,645 7,988 8,346 3,631 3,630 4,133 5,343 5,469 6,350

World Total 40,701 36,087 42,245 14,850 14,583 15,839 13,187 13,423 14,640

Ending Stocks

Argentina (Mar-Feb) 369 1,020 473 248 214 239 530 518 346

Russia (Sep-Aug) 90 0 369 26 0 117 123 199 277

Turkey (Sep-Aug) 269 177 230 92 0 20 237 380 568

Ukraine (Sep-Aug) 254 437 1,492 64 155 199 728 529 849

European Union (Oct-Sep) 631 156 629 660 77 172 175 28 47

Other 682 574 461 94 49 24 884 635 804

World Total 2,295 2,364 3,654 1,184 495 771 2,677 2,289 2,891

April 2014

Page 18: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

Table 14: Minor Vegetable Oil Supply and Distribution

Thousand Metric Tons

Marketing Year

Oil, Peanut Oil, Cottonseed Oil, Olive

2013/142012/132011/122013/142012/132011/122013/142012/132011/12

Production

China (Oct-Sep) 2,532 2,686 2,725 1,476 1,566 1,477 nr nr nr

India (Oct-Sep) 1,160 1,180 1,220 1,210 1,220 1,275 nr nr nr

Turkey (Nov-Oct) 4 4 4 145 146 120 145 175 180

United States (Aug-Jul) 85 95 91 342 363 286 4 4 5

European Union (Oct-Sep) 15 15 15 51 49 51 2,450 1,900 2,500

Other 1,523 1,570 1,639 2,025 1,919 1,904 637 590 591

World Total 5,319 5,550 5,694 5,249 5,263 5,113 3,236 2,669 3,276

Imports

China (Oct-Sep) 62 65 60 0 0 0 nr nr nr

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

Turkey (Nov-Oct) 0 0 0 0 0 0 0 0 0

United States (Aug-Jul) 13 5 18 4 9 0 316 297 306

European Union (Oct-Sep) 67 66 80 0 0 0 112 161 120

Other 16 20 20 72 68 64 195 196 203

World Total 158 156 178 76 77 64 623 654 629

Exports

China (Oct-Sep) 9 6 10 1 1 2 nr nr nr

India (Oct-Sep) 4 2 4 0 0 0 nr nr nr

Turkey (Nov-Oct) 0 0 0 1 1 1 21 25 25

United States (Aug-Jul) 7 6 3 117 100 79 7 7 7

European Union (Oct-Sep) 3 2 3 0 1 0 633 537 550

Other 145 182 199 49 46 43 189 207 204

World Total 168 198 219 168 149 125 850 776 786

Domestic Consumption

China (Oct-Sep) 2,585 2,745 2,775 1,475 1,565 1,475 nr nr nr

India (Oct-Sep) 1,185 1,189 1,215 1,227 1,238 1,270 nr nr nr

Turkey (Nov-Oct) 4 4 4 138 145 123 140 145 145

United States (Aug-Jul) 95 94 106 259 272 207 313 294 304

European Union (Oct-Sep) 81 79 91 52 48 51 2,023 1,805 1,950

Other 1,418 1,422 1,454 2,013 1,963 1,942 592 603 612

World Total 5,368 5,533 5,645 5,164 5,231 5,068 3,068 2,847 3,011

Ending Stocks

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

India (Oct-Sep) 21 10 11 66 48 53 nr nr nr

Turkey (Nov-Oct) 0 0 0 6 6 2 14 19 29

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

European Union (Oct-Sep) 2 2 3 0 0 0 445 164 284

Other 43 29 35 144 122 105 106 82 60

World Total 75 50 58 261 221 205 565 265 373

April 2014

Page 19: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

Table 15: World Oilseeds and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Major Oilseeds

316.17 28.0866.85419.8565.5738.11193.55 2000/01 312.99 40.01

326.78 28.6562.35430.4363.6440.01197.44 2001/02 325.56 42.52

334.46 29.4170.04447.9870.9942.52195.45 2002/03 328.60 49.34

338.26 29.3166.78451.7064.1049.34212.25 2003/04 338.61 46.31

383.92 30.7274.35502.9672.7446.31219.03 2004/05 368.85 59.76

394.38 31.8775.80529.5075.3659.76221.16 2005/06 387.32 66.38

406.26 31.8383.10553.3080.6566.38222.98 2006/07 395.03 75.17

391.55 31.7391.35556.7990.0775.17218.82 2007/08 402.44 62.99

399.58 33.6394.60556.5193.9462.99230.58 2008/09 404.11 57.80

447.60 34.80106.90607.11101.7157.80235.94 2009/10 424.54 75.66

461.30 36.31108.38640.74103.7875.66244.86 2010/11 447.97 84.40

447.30 36.65111.23643.54111.8484.40249.16 2011/12 467.10 65.21

474.56 36.58118.39652.49112.7265.21255.72 2012/13 466.60 67.49

504.53 37.03129.38696.73124.7167.49259.64 2013/14 484.74 82.61

Major Protein Meals

174.75 0.4048.43230.4448.017.68nr 2000/01 174.77 7.24

182.58 0.4052.82241.3051.487.24nr 2001/02 180.54 7.94

185.77 0.4354.01247.2653.567.94nr 2002/03 186.23 7.03

191.14 0.4559.04255.9657.807.03nr 2003/04 189.29 7.64

206.49 0.4861.20273.6159.487.64nr 2004/05 204.77 7.64

216.99 0.4666.27290.0365.407.64nr 2005/06 215.19 8.57

223.79 0.5468.98299.2366.878.57nr 2006/07 220.91 9.34

231.40 0.5972.11310.4269.689.34nr 2007/08 229.27 9.04

228.94 0.6969.29305.5067.529.04nr 2008/09 229.24 6.98

243.54 0.7772.01319.3168.796.98nr 2009/10 238.79 8.51

257.58 0.8077.09340.2274.128.51nr 2010/11 252.08 11.04

267.34 0.8680.14355.8177.4311.04nr 2011/12 262.98 12.70

268.13 0.8878.01353.4272.6012.70nr 2012/13 264.18 11.22

280.18 0.9083.20369.7978.3811.22nr 2013/14 273.89 12.70

Major Vegetable Oils

89.96 78.3530.77129.7530.189.6210.43 2000/01 88.44 10.55

92.97 80.3232.93134.3430.8310.5510.95 2001/02 91.21 10.20

96.30 83.0635.98141.3834.8810.2011.27 2002/03 95.34 10.06

103.04 87.0939.18150.7937.6910.0611.98 2003/04 101.15 10.46

111.83 91.5342.73163.1840.8910.4612.70 2004/05 108.42 12.03

119.25 94.5247.57175.7444.4612.0313.46 2005/06 115.09 13.08

122.00 96.5149.10182.3647.2813.0814.04 2006/07 120.26 13.00

129.03 99.8753.69192.7350.7113.0014.50 2007/08 126.40 12.65

134.17 103.2455.78201.3454.5312.6515.36 2008/09 131.63 13.94

141.36 108.0157.50211.4756.1713.9416.24 2009/10 139.97 14.00

148.98 111.7059.75220.7757.7914.0016.91 2010/11 145.99 15.04

157.41 115.6863.39234.0961.6415.0417.53 2011/12 152.76 17.94

160.71 120.6267.45243.4964.8417.9418.15 2012/13 158.33 17.71

169.53 125.3368.76253.5066.2617.7118.85 2013/14 165.25 19.49

Based on the aggregate of different marketing years

April 2014

Page 20: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

Table 16: World: Soybeans and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean

175.85 146.4353.82258.5653.0929.6275.59 2000/01 171.61 33.13

184.92 157.7853.01272.4154.3633.1379.61 2001/02 184.31 35.09

196.94 165.0761.32294.9262.8835.0981.62 2002/03 191.08 42.51

186.78 163.5456.05283.3254.0442.5188.58 2003/04 188.91 38.37

215.90 175.2964.75317.8263.5638.3793.35 2004/05 204.33 48.74

220.87 186.1863.85333.7164.1048.7493.12 2005/06 215.98 53.87

236.31 195.4871.14359.0968.9153.8794.57 2006/07 224.98 62.97

219.02 202.2978.32360.3678.3762.9790.85 2007/08 229.56 52.49

211.88 193.3777.21341.8077.4352.4996.54 2008/09 221.46 43.12

260.60 209.1891.44390.5386.8143.12102.27 2009/10 238.15 60.94

264.15 221.4091.70413.8588.7660.94103.24 2010/11 251.79 70.36

239.57 228.1692.16403.3893.4670.36103.18 2011/12 257.65 53.58

268.10 229.05100.65417.2595.5753.58109.22 2012/13 258.74 57.87

284.05 238.67109.43447.85105.9357.87113.27 2013/14 269.00 69.42

Meal, Soybean

116.01 146.4636.26157.4635.885.58nr 2000/01 115.78 5.43

124.87 157.8941.78170.8140.515.43nr 2001/02 123.18 5.84

130.23 165.0743.04178.4842.415.84nr 2002/03 129.92 5.52

128.92 163.5546.08179.3644.925.52nr 2003/04 127.59 5.69

138.62 175.3047.70190.3346.025.69nr 2004/05 136.83 5.80

146.59 186.2052.25203.8251.435.80nr 2005/06 145.41 6.16

153.74 195.5054.70212.7252.816.16nr 2006/07 150.92 7.10

158.75 202.3356.06220.7154.867.10nr 2007/08 157.47 7.18

151.96 193.5552.84210.8251.697.18nr 2008/09 153.19 4.79

164.95 209.5255.61223.2153.484.79nr 2009/10 160.98 6.63

174.68 221.8458.55238.2256.916.63nr 2010/11 171.02 8.65

180.47 228.6658.27246.2157.098.65nr 2011/12 177.77 10.18

180.51 229.5757.77244.5153.8210.18nr 2012/13 176.96 9.78

188.39 239.2261.27256.1958.039.78nr 2013/14 184.12 10.80

Oil, Soybean

26.81 146.466.8736.436.832.78nr 2000/01 26.46 3.10

28.95 157.888.2539.607.553.10nr 2001/02 28.10 3.25

30.58 165.078.8142.048.213.25nr 2002/03 30.11 3.12

30.24 163.548.7041.768.393.12nr 2003/04 30.30 2.75

32.57 175.299.0644.188.862.75nr 2004/05 31.83 3.29

34.89 186.189.7947.269.083.29nr 2005/06 33.54 3.94

36.41 195.4810.5350.329.973.94nr 2006/07 35.71 4.08

37.74 202.3110.8452.2210.404.08nr 2007/08 37.73 3.65

35.91 193.539.1848.729.173.65nr 2008/09 36.31 3.23

38.79 209.509.1650.748.723.23nr 2009/10 38.21 3.37

41.30 221.829.6454.179.503.37nr 2010/11 40.71 3.81

42.62 228.618.4754.397.963.81nr 2011/12 42.04 3.88

42.78 229.539.3255.098.433.88nr 2012/13 42.40 3.37

44.60 239.179.3256.798.813.37nr 2013/14 44.21 3.25

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

April 2014

Page 21: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

Table 17: World: Rapeseed and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Oilseed, Rapeseed

37.36 0.387.1848.616.994.2524.74 2000/01 38.74 2.69

36.03 0.394.9043.674.952.6923.30 2001/02 35.93 2.85

33.29 0.414.1340.154.022.8522.11 2002/03 33.82 2.20

39.46 0.425.5346.815.142.2025.49 2003/04 38.90 2.38

46.14 0.444.9153.525.002.3826.70 2004/05 43.33 5.29

48.59 0.456.9860.546.665.2927.29 2005/06 47.77 5.79

45.16 0.476.6357.936.995.7926.49 2006/07 46.22 5.08

48.56 0.488.1661.187.545.0828.36 2007/08 49.06 3.95

57.88 0.5012.1373.9512.113.9531.11 2008/09 54.54 7.28

61.06 0.5210.8479.0810.747.2831.58 2009/10 59.35 8.89

60.58 0.5410.8779.5710.108.8933.93 2010/11 61.50 7.20

61.48 0.6312.9281.8713.187.2034.14 2011/12 63.50 5.45

63.02 0.6612.4581.1312.665.4536.13 2012/13 65.38 3.30

71.01 0.7513.8788.0013.693.3036.16 2013/14 68.35 5.79

Meal, Rapeseed

21.18 0.001.9023.481.920.38nr 2000/01 21.25 0.33

19.95 0.001.5221.811.540.33nr 2001/02 19.95 0.34

18.82 0.001.6220.891.730.34nr 2002/03 18.96 0.32

21.75 0.002.4924.562.490.32nr 2003/04 21.58 0.49

24.22 0.002.2427.012.300.49nr 2004/05 24.42 0.35

26.50 0.002.5129.402.550.35nr 2005/06 26.29 0.60

25.78 0.002.9629.433.050.60nr 2006/07 26.18 0.29

27.58 0.003.6931.423.550.29nr 2007/08 27.44 0.30

30.69 0.003.5834.573.580.30nr 2008/09 30.73 0.25

33.41 0.003.4837.293.620.25nr 2009/10 33.35 0.45

34.74 0.005.1040.174.970.45nr 2010/11 34.56 0.51

35.63 0.005.3741.235.090.51nr 2011/12 35.27 0.59

36.94 0.005.3842.745.210.59nr 2012/13 37.09 0.27

38.53 0.005.6744.295.480.27nr 2013/14 38.09 0.53

Oil, Rapeseed

13.37 12.271.2015.421.340.71nr 2000/01 13.43 0.79

13.09 12.081.0315.001.120.79nr 2001/02 13.26 0.72

12.27 11.060.9113.880.890.72nr 2002/03 12.40 0.57

14.17 12.521.3316.101.360.57nr 2003/04 14.40 0.38

15.78 12.891.2917.361.200.38nr 2004/05 15.58 0.48

17.52 13.221.6519.471.470.48nr 2005/06 17.11 0.71

17.24 12.651.9920.152.200.71nr 2006/07 17.61 0.55

18.52 13.131.9021.092.030.55nr 2007/08 18.30 0.90

20.61 14.182.4423.952.440.90nr 2008/09 20.36 1.15

22.55 15.142.7626.622.921.15nr 2009/10 22.62 1.25

23.55 16.233.4228.113.311.25nr 2010/11 23.51 1.17

24.12 16.293.9729.304.011.17nr 2011/12 23.66 1.67

24.93 16.533.9330.483.881.67nr 2012/13 23.74 2.80

26.00 17.624.0732.713.912.80nr 2013/14 24.91 3.73

Based on the aggregate of different marketing years.

April 2014

Page 22: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

Table 18: World: Sunflower and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Exports Domestic

Consumpti

Ending

Stocks

Oilseed, Sunflowerseed

23.17 1.9223.222.402.202.1719.91 2000/01

21.42 1.9221.331.201.111.9218.84 2001/02

23.95 2.4823.221.551.371.9220.18 2002/03

26.79 3.2225.972.262.192.4823.00 2003/04

25.32 2.8625.601.231.143.2220.82 2004/05

30.24 3.4029.571.521.382.8622.78 2005/06

30.28 4.0529.491.911.773.4023.50 2006/07

27.35 3.6927.471.461.234.0520.99 2007/08

33.54 3.9932.962.141.863.6923.78 2008/09

32.13 2.7633.291.561.483.9923.10 2009/10

33.63 2.6433.521.791.572.7623.08 2010/11

40.64 2.3040.701.931.642.6425.56 2011/12

36.41 2.3636.091.481.222.3024.65 2012/13

43.78 3.6542.252.071.832.3625.23 2013/14

Meal, Sunflowerseed

9.31 0.419.522.002.230.40nr 2000/01

8.34 0.338.222.111.910.41nr 2001/02

9.00 0.179.052.312.200.33nr 2002/03

10.22 0.219.982.852.650.17nr 2003/04

9.97 0.229.752.762.550.21nr 2004/05

11.51 0.3311.153.543.280.22nr 2005/06

11.55 0.2611.453.473.290.33nr 2006/07

10.75 0.2810.233.272.770.26nr 2007/08

12.86 0.6112.234.253.960.28nr 2008/09

13.08 0.6412.444.113.490.61nr 2009/10

13.23 0.6512.494.593.860.64nr 2010/11

16.07 1.1814.856.766.080.65nr 2011/12

14.31 0.5014.585.074.661.18nr 2012/13

16.68 0.7715.846.355.780.50nr 2013/14

Oil, Sunflowerseed

8.17 1.018.242.241.991.33nr 2000/01

7.44 0.667.671.931.811.01nr 2001/02

8.12 0.737.732.311.990.66nr 2002/03

9.19 0.738.482.681.960.73nr 2003/04

9.15 0.958.522.572.170.73nr 2004/05

10.66 1.129.873.923.300.95nr 2005/06

10.78 0.9210.264.053.321.12nr 2006/07

10.19 1.019.333.512.730.92nr 2007/08

12.08 1.7610.874.504.051.01nr 2008/09

12.28 1.5111.794.473.731.76nr 2009/10

12.42 1.2711.794.523.651.51nr 2010/11

15.34 2.6813.196.405.661.27nr 2011/12

13.53 2.2913.425.454.952.68nr 2012/13

15.94 2.8914.646.916.212.29nr 2013/14

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

April 2014

Page 23: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

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

Million Metric Tons

Beginning

Stocks

Production Imports Total

Supply

Exports Industrial

Dom.

Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Oil, Palm

16.29 19.773.4716.4843.7124.243.17 2000/01 23.72 3.51

16.50 19.973.8917.6145.3325.323.51 2001/02 24.38 3.33

19.67 21.864.8619.9250.6427.643.33 2002/03 27.25 3.47

21.91 22.885.7322.0655.3429.963.47 2003/04 29.12 4.16

24.32 24.657.1725.0061.9433.464.16 2004/05 32.36 4.59

26.09 25.808.0127.2666.4535.774.59 2005/06 34.35 4.83

26.95 27.158.7227.6469.1437.364.83 2006/07 36.39 5.11

30.74 30.029.5532.2277.0341.195.11 2007/08 40.16 4.65

34.11 31.8610.6334.6982.9644.194.65 2008/09 43.12 5.15

35.20 33.4011.4035.4786.4146.065.15 2009/10 45.45 5.49

36.31 34.7512.1336.8690.5448.745.49 2010/11 47.49 6.19

38.80 36.3313.7539.0396.9851.996.19 2011/12 50.79 7.16

41.73 39.4214.6642.80104.7155.827.16 2012/13 54.79 7.12

41.79 40.4216.1542.55107.4358.527.12 2013/14 57.32 7.56

Oil, Coconut

1.77 1.911.171.835.533.580.18 2000/01 3.21 0.49

1.83 1.801.251.795.473.150.49 2001/02 3.19 0.49

1.89 1.801.251.735.513.130.49 2002/03 3.15 0.62

1.68 1.741.411.795.573.270.62 2003/04 3.27 0.51

1.91 1.801.402.085.853.430.51 2004/05 3.29 0.48

2.03 1.831.462.055.933.420.48 2005/06 3.42 0.45

1.87 1.761.461.745.523.200.45 2006/07 3.30 0.48

1.90 1.851.511.935.833.460.48 2007/08 3.38 0.53

1.66 1.721.551.485.613.430.53 2008/09 3.29 0.85

2.28 2.151.672.176.663.520.85 2009/10 3.84 0.64

1.78 1.971.691.716.133.710.64 2010/11 3.67 0.75

1.82 1.981.541.885.993.410.75 2011/12 3.53 0.57

1.89 2.051.721.906.123.660.57 2012/13 3.79 0.43

1.82 2.021.651.795.803.550.43 2013/14 3.69 0.33

Meal, Fish

3.47 0.000.053.4010.035.810.75 2000/01 6.03 0.61

3.23 0.000.063.069.555.710.61 2001/02 5.55 0.94

2.85 0.000.052.858.524.730.94 2002/03 5.07 0.60

3.12 0.000.053.209.265.540.60 2003/04 5.28 0.77

3.60 0.000.063.659.905.520.77 2004/05 5.60 0.66

2.95 0.000.052.728.384.770.66 2005/06 5.02 0.63

2.69 0.000.052.598.284.960.63 2006/07 4.84 0.85

3.00 0.000.052.858.875.020.85 2007/08 5.31 0.72

3.12 0.000.052.958.744.910.72 2008/09 5.23 0.57

2.62 0.000.052.277.063.870.57 2009/10 4.61 0.19

2.66 0.000.052.497.734.890.19 2010/11 4.63 0.61

2.91 0.000.052.567.483.960.61 2011/12 4.76 0.17

2.35 0.000.052.146.664.150.17 2012/13 4.23 0.30

2.58 0.000.052.417.084.200.30 2013/14 4.50 0.17

Based on the aggregate of different marketing years.

April 2014

Page 24: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

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

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Major Oilseeds

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

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

83,935 47,50529,43391,3585506,87336,284 2002/03 56,090 5,835

76,604 45,53925,15882,9425035,83536,041 2003/04 53,632 4,152

95,944 50,16730,708100,7776814,15236,808 2004/05 61,780 8,289

95,670 51,89726,611104,6236648,28936,587 2005/06 63,811 14,201

96,843 53,48331,647112,0771,03314,20136,962 2006/07 63,407 17,023

82,453 53,49533,045100,7411,26517,02331,970 2007/08 60,787 6,909

89,201 49,34335,69497,4051,2956,90935,265 2008/09 56,092 5,619

98,902 51,48641,691105,5871,0665,61935,512 2009/10 58,352 5,544

100,377 49,33541,935106,8669455,54437,179 2010/11 57,623 7,308

92,348 50,35137,777100,9411,2857,30835,135 2011/12 57,593 5,571

93,145 50,23736,941100,2011,4855,57136,711 2012/13 57,497 5,763

97,323 49,98243,857105,8772,7915,76335,336 2013/14 56,778 5,242

Major Protein Meals

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

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

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

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

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

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

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

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

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

40,073 51,48610,30841,6621,343246nr 2009/10 31,013 341

38,062 49,3358,48740,6432,240341nr 2010/11 31,778 378

39,515 50,3519,15542,9243,031378nr 2011/12 33,433 336

38,658 50,23710,43342,3823,388336nr 2012/13 31,636 313

38,680 49,98210,27242,4963,503313nr 2013/14 31,888 336

Major Vegetable Oils

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

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

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

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

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

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

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

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

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

10,066 51,4861,94815,1413,3381,7370 2009/10 11,201 1,992

9,785 49,3351,86115,3893,6121,9920 2010/11 11,918 1,610

10,041 50,3511,14615,4813,8301,6100 2011/12 12,791 1,544

10,212 50,2371,38815,5473,7911,5440 2012/13 13,000 1,159

10,146 49,98299215,4154,1101,1590 2013/14 13,305 1,118

Based on the aggregate of different marketing years

April 2014

Page 25: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

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

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean

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

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

75,010 43,94828,42380,8001275,66329,339 2002/03 47,524 4,853

66,783 41,63224,12871,7871514,85329,330 2003/04 44,600 3,059

85,019 46,16029,86088,2301523,05929,930 2004/05 51,410 6,960

83,507 47,32425,57990,559926,96028,834 2005/06 52,751 12,229

87,001 49,19830,38699,47624612,22930,190 2006/07 53,473 15,617

72,859 49,08131,53888,74526915,61725,959 2007/08 51,627 5,580

80,749 45,23034,81786,6903615,58030,222 2008/09 48,112 3,761

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

90,605 44,85140,95795,1043934,10631,003 2010/11 48,295 5,852

84,192 46,34837,15090,4834395,85229,856 2011/12 48,723 4,610

82,561 45,96735,91388,1559844,61030,823 2012/13 48,416 3,826

89,507 45,85843,00195,1021,7693,82630,703 2013/14 48,434 3,667

Meal, Soybean

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

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

34,649 43,9485,72835,024157218nr 2002/03 29,096 200

32,953 41,6324,69033,412259200nr 2003/04 28,531 191

36,936 46,1606,65937,261134191nr 2004/05 30,446 156

37,416 47,3247,30137,700128156nr 2005/06 30,114 285

39,037 49,1987,98739,464142285nr 2006/07 31,166 311

38,359 49,0818,38438,798128311nr 2007/08 30,148 266

35,473 45,2307,70835,81980266nr 2008/09 27,898 213

37,836 47,67310,12538,194145213nr 2009/10 27,795 274

35,608 44,8518,23836,045163274nr 2010/11 27,489 318

37,217 46,3488,83837,731196318nr 2011/12 28,621 272

36,174 45,96710,08336,668222272nr 2012/13 26,336 249

36,297 45,8589,97936,741195249nr 2013/14 26,490 272

Oil, Soybean

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

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

8,360 43,9481,0279,451211,070nr 2002/03 7,748 676

7,748 41,6324258,563139676nr 2003/04 7,650 488

8,782 46,1606009,28212488nr 2004/05 7,911 771

9,248 47,32452310,03516771nr 2005/06 8,147 1,365

9,294 49,19885110,676171,365nr 2006/07 8,426 1,399

9,335 49,0811,32010,764301,399nr 2007/08 8,317 1,127

8,503 45,2309959,671411,127nr 2008/09 7,378 1,298

8,897 47,6731,52410,242471,298nr 2009/10 7,173 1,545

8,568 44,8511,46610,185721,545nr 2010/11 7,619 1,100

8,954 46,34866410,122681,100nr 2011/12 8,306 1,152

8,990 45,96798210,231891,152nr 2012/13 8,476 773

8,920 45,8587039,78491773nr 2013/14 8,369 712

Data based on Local Marketing Year (MY). Soybeans are on a September/August MY, and Soybean Meal and

Oil are on an October/September MY.

April 2014

Page 26: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

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

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

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

43,500 25,84216,07445,2571,10065716,350 2001/02 28,202 981

52,000 27,79619,98754,1051,12498118,448 2002/03 30,220 3,898

51,000 28,91419,25755,2623643,89821,520 2003/04 31,457 4,548

53,000 29,72822,79957,9003524,54822,917 2004/05 32,413 2,688

57,000 28,75624,77059,728402,68822,229 2005/06 31,506 3,452

59,000 31,51123,80562,5601083,45220,700 2006/07 34,261 4,494

61,000 31,89524,51565,577834,49421,300 2007/08 34,695 6,367

57,800 30,77928,04164,2911246,36721,700 2008/09 33,579 2,671

69,000 35,70029,18871,8211502,67123,500 2009/10 38,550 4,083

75,300 37,26433,78979,423404,08324,200 2010/11 40,164 5,470

66,500 36,23031,90572,2682985,47025,000 2011/12 39,180 1,183

82,000 35,32542,82683,4232401,18327,700 2012/13 38,325 2,272

87,500 37,35044,47589,9221502,27229,900 2013/14 40,523 4,924

Meal, Soybean (Local)

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

20,392 25,84212,78321,082388302nr 2001/02 7,596 703

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

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

23,040 29,72814,25624,125244841nr 2004/05 9,133 736

22,280 28,75612,28723,230214736nr 2005/06 10,080 863

24,420 31,51112,34625,429146863nr 2006/07 11,520 1,563

24,720 31,89512,70926,4261431,563nr 2007/08 12,000 1,717

23,850 30,77912,15325,653861,717nr 2008/09 12,200 1,300

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

28,880 37,26414,45230,696511,765nr 2010/11 14,000 2,244

28,080 36,23013,85430,339152,244nr 2011/12 14,200 2,285

27,380 35,32513,61929,695302,285nr 2012/13 14,196 1,880

28,950 37,35013,78030,855251,880nr 2013/14 14,500 2,575

Oil, Soybean (Local)

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

4,905 25,8422,1005,227140182nr 2001/02 2,936 191

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

5,550 28,9142,5315,84914285nr 2003/04 2,970 348

5,705 29,7282,6976,0563348nr 2004/05 3,099 260

5,520 28,7562,3155,79818260nr 2005/06 3,211 272

6,050 31,5112,5216,38462272nr 2006/07 3,505 358

6,120 31,8952,1986,4879358nr 2007/08 4,005 284

5,910 30,7791,4966,23541284nr 2008/09 4,395 344

6,850 35,7001,6327,1962344nr 2009/10 5,060 504

7,150 37,2641,7587,6540504nr 2010/11 5,305 591

6,950 36,2301,6887,5432591nr 2011/12 5,425 430

6,780 35,3251,4107,2144430nr 2012/13 5,573 231

7,170 37,3501,4007,4010231nr 2013/14 5,820 181

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

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

April 2014

Page 27: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

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

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

27,800 19,5077,37728,47629138510,400 2000/01 20,547 552

30,000 22,3976,22130,84929755211,400 2001/02 23,537 1,091

35,500 24,8158,80936,9683771,09112,600 2002/03 26,075 2,084

33,000 25,0726,79935,8037192,08414,000 2003/04 26,472 2,532

39,000 29,56010,68642,2417092,53214,400 2004/05 31,000 555

40,500 32,7487,13242,0681,01355515,200 2005/06 34,268 668

48,800 35,96312,13351,8042,33666816,300 2006/07 37,598 2,073

46,200 31,88311,80351,2202,9472,07316,371 2007/08 33,543 5,874

32,000 28,5553,48638,0311575,87416,000 2008/09 30,275 4,270

54,500 39,19613,70158,77004,27018,600 2009/10 41,076 3,993

49,000 37,52110,38953,006133,99318,300 2010/11 39,351 3,266

40,100 30,6696,09843,36823,26617,577 2011/12 32,529 4,741

49,300 34,8957,83554,04324,74119,400 2012/13 36,835 9,373

54,000 38,5508,50063,37529,37320,000 2013/14 40,575 14,300

Meal, Soybean (Local)

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

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

19,667 24,81519,16220,4490782nr 2002/03 375 912

19,741 25,07219,07820,6552912nr 2003/04 492 1,085

23,350 29,56022,70324,43611,085nr 2004/05 530 1,203

25,582 32,74824,72326,78501,203nr 2005/06 535 1,527

27,857 35,96328,10829,38621,527nr 2006/07 544 734

24,839 31,88324,38925,5763734nr 2007/08 652 535

22,519 28,55521,30323,0584535nr 2008/09 735 1,020

30,493 39,19628,38431,51301,020nr 2009/10 800 2,329

29,181 37,52127,48531,51002,329nr 2010/11 885 3,140

23,937 30,66921,97327,07703,140nr 2011/12 997 4,107

27,100 34,89524,72531,20704,107nr 2012/13 1,135 5,347

29,975 38,55029,75035,32205,347nr 2013/14 1,247 4,325

Oil, Soybean (Local)

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

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

4,672 24,8154,2455,0520380nr 2002/03 389 418

4,724 25,0724,4465,1420418nr 2003/04 392 304

5,558 29,5605,0825,8620304nr 2004/05 395 385

6,169 32,7485,6676,5540385nr 2005/06 402 485

6,917 35,9636,5157,4020485nr 2006/07 675 212

6,037 31,8834,9876,2490212nr 2007/08 1,125 137

5,448 28,5553,7095,5850137nr 2008/09 1,716 160

7,460 39,1965,1807,6200160nr 2009/10 2,215 225

7,148 37,5214,2277,3730225nr 2010/11 2,755 391

5,839 30,6693,4336,26535391nr 2011/12 2,620 212

6,590 34,8954,3706,89290212nr 2012/13 2,185 337

7,360 38,5504,7207,77780337nr 2013/14 2,779 278

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

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

April 2014

Page 28: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

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

Thousand Metric Tons

2009/10 2010/11 2011/12 2012/13

Mar

2013/14

Apr

2013/14

none

Production none

4,465 Oilseed, Copra 4,604 4,249 4,547 4,421 4,422

10,681 Oilseed, Palm Kernel 11,122 11,876 12,781 13,430 13,398

1,329 Oilseed, Soybean 1,343 1,164 1,216 1,271 1,251

4,140 Other 4,114 4,100 4,199 4,209 4,244

20,615 Total 21,183 21,389 22,743 23,331 23,315

none

Imports none

105 Meal, Fish 137 143 136 148 148

388 Meal, Rapeseed 419 496 492 485 485

10,717 Meal, Soybean 11,129 11,462 12,528 13,123 13,197

426 Other 442 331 355 462 377

11,636 Total 12,127 12,432 13,511 14,218 14,207

none

Imports none

2,678 Oil, Palm 3,335 3,821 2,793 3,766 2,806

2 Oil, Rapeseed 2 4 4 4 4

270 Oil, Soybean 260 240 226 236 236

0 Oil, Sunflowerseed 0 0 0 0 0

859 Other 786 816 929 918 954

3,809 Total 4,383 4,881 3,952 4,924 4,000

none

Domestic Consumption none

556 Meal, Fish 585 587 524 569 569

387 Meal, Rapeseed 419 495 491 484 484

12,047 Meal, Soybean 12,894 13,979 15,123 15,780 15,869

2,515 Other 2,767 2,259 2,527 3,036 2,826

15,505 Total 16,665 17,320 18,665 19,869 19,748

none

Domestic Consumption none

11,317 Oil, Palm 12,296 13,650 14,201 15,320 15,858

2 Oil, Rapeseed 2 4 4 4 4

510 Oil, Soybean 566 552 568 598 584

205 Oil, Sunflowerseed 202 205 210 210 210

4,510 Other 4,919 4,934 5,533 5,815 5,740

16,544 Total 17,985 19,345 20,516 21,947 22,396

none

Industrial Dom. Cons. none

4,729 Oil, Palm 5,332 6,344 6,624 6,724 7,752

0 Oil, Rapeseed 0 0 0 0 0

74 Oil, Soybean 75 45 34 39 38

0 Oil, Sunflowerseed 0 0 0 0 0

3,121 Other 3,308 3,200 3,828 3,942 3,963

7,924 Total 8,715 9,589 10,486 10,705 11,753

none

Food Use Dom. Cons. none

6,304 Oil, Palm 6,660 6,962 7,207 7,980 7,710

2 Oil, Rapeseed 2 4 4 4 4

436 Oil, Soybean 491 507 534 559 546

205 Oil, Sunflowerseed 202 205 210 210 210

1,281 Other 1,453 1,546 1,597 1,656 1,659

8,228 Total 8,808 9,224 9,552 10,409 10,129

none

SME none

803 Meal, Fish 845 848 757 822 822

275 Meal, Rapeseed 298 352 349 344 344

12,047 Meal, Soybean 12,894 13,979 15,123 15,780 15,869

1,396 Other 1,501 1,326 1,445 1,628 1,554

14,521 Total 15,538 16,506 17,674 18,575 18,589

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

SME - 44 Percent Protein Soybean Meal Equivalent

April 2014

Page 29: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

Table 25: Middle East Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2009/10 2010/11 2011/12 2012/13

Mar

2013/14

Apr

2013/14

none

Production none

1,129 Oilseed, Cottonseed 1,154 1,595 1,330 1,136 1,136

0 Oilseed, Rapeseed 0 0 0 0 0

249 Oilseed, Soybean 237 247 267 307 322

864 Oilseed, Sunflowerseed 1,066 991 1,191 1,466 1,466

90 Other 97 90 90 90 90

2,332 Total 2,554 2,923 2,878 2,999 3,014

none

Imports none

51 Meal, Fish 48 62 74 66 66

24 Meal, Rapeseed 93 66 85 73 55

3,696 Meal, Soybean 4,335 5,010 4,820 5,115 5,215

843 Other 838 1,192 758 1,055 1,055

4,614 Total 5,314 6,330 5,737 6,309 6,391

none

Imports none

2,100 Oil, Palm 2,396 2,219 2,394 2,458 2,508

3 Oil, Rapeseed 4 2 2 2 2

452 Oil, Soybean 945 506 652 753 738

421 Oil, Sunflowerseed 756 1,320 1,186 1,445 1,445

56 Other 48 40 48 44 44

3,032 Total 4,149 4,087 4,282 4,702 4,737

none

Domestic Consumption none

52 Meal, Fish 53 61 82 73 73

376 Meal, Rapeseed 497 395 410 406 420

5,813 Meal, Soybean 5,886 5,756 5,795 5,978 6,108

1,889 Other 1,940 2,358 2,136 2,378 2,378

8,130 Total 8,376 8,570 8,423 8,835 8,979

none

Domestic Consumption none

1,739 Oil, Palm 1,786 1,809 2,000 2,028 2,083

111 Oil, Rapeseed 122 81 80 100 95

942 Oil, Soybean 988 875 879 940 946

1,163 Oil, Sunflowerseed 1,244 1,491 1,583 1,781 1,801

504 Other 532 570 582 554 554

4,459 Total 4,672 4,826 5,124 5,403 5,479

none

Industrial Dom. Cons. none

150 Oil, Palm 154 150 160 160 180

33 Oil, Rapeseed 35 31 23 23 25

62 Oil, Soybean 64 61 62 69 70

22 Oil, Sunflowerseed 26 25 25 25 25

52 Other 55 45 52 47 47

319 Total 334 312 322 324 347

none

Food Use Dom. Cons. none

1,589 Oil, Palm 1,632 1,659 1,840 1,868 1,903

78 Oil, Rapeseed 87 50 57 77 70

859 Oil, Soybean 904 799 802 856 861

1,120 Oil, Sunflowerseed 1,198 1,444 1,533 1,726 1,746

452 Other 477 525 530 507 507

4,098 Total 4,298 4,477 4,762 5,034 5,087

none

SME none

75 Meal, Fish 77 88 118 105 105

268 Meal, Rapeseed 354 281 292 289 299

5,813 Meal, Soybean 5,886 5,756 5,795 5,978 6,108

1,708 Other 1,753 2,135 1,932 2,170 2,170

7,863 Total 8,069 8,260 8,137 8,542 8,682

Middle East includes Bahrain, Gaza Strip, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey, United

Arab Emirates, West Banks, and Yemen.

SME - 44 Percent Protein Soybean Meal Equivalent

April 2014

Page 30: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

Table 26: European Union: Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2009/10 2010/11 2011/12 2012/13

Mar

2013/14

Apr

2013/14

none

Production none

21,633 Oilseed, Rapeseed 20,782 19,235 19,210 20,850 21,100

951 Oilseed, Soybean 1,198 1,220 998 1,245 1,245

6,987 Oilseed, Sunflowerseed 6,958 8,456 6,999 8,700 8,700

350 Other 396 531 468 511 511

29,921 Total 29,334 29,442 27,675 31,306 31,556

none

Imports none

429 Meal, Fish 355 466 330 420 370

127 Meal, Rapeseed 230 240 414 350 400

20,879 Meal, Soybean 21,877 20,872 16,943 19,100 19,100

4,020 Other 4,579 6,620 5,698 6,265 6,265

25,455 Total 27,041 28,198 23,385 26,135 26,135

none

Imports none

5,442 Oil, Palm 4,944 5,707 6,781 6,100 6,200

443 Oil, Rapeseed 491 607 210 300 300

547 Oil, Soybean 906 386 300 320 320

968 Oil, Sunflowerseed 817 991 942 1,230 1,000

1,554 Other 1,375 1,427 1,661 1,520 1,520

8,954 Total 8,533 9,118 9,894 9,470 9,340

none

Domestic Consumption none

750 Meal, Fish 633 692 551 670 620

12,918 Meal, Rapeseed 12,769 12,371 13,251 13,120 13,120

30,359 Meal, Soybean 30,952 29,870 26,894 27,961 28,011

7,599 Other 7,849 10,134 9,875 9,996 9,996

51,626 Total 52,203 53,067 50,571 51,747 51,747

none

Domestic Consumption none

5,220 Oil, Palm 4,910 5,630 6,213 6,055 6,055

9,928 Oil, Rapeseed 9,661 9,325 9,253 9,255 9,255

2,415 Oil, Soybean 2,745 1,989 1,650 1,770 1,720

3,501 Oil, Sunflowerseed 3,524 3,701 3,603 3,828 3,668

3,446 Other 3,452 3,440 3,289 3,407 3,407

24,510 Total 24,292 24,085 24,008 24,315 24,105

none

Industrial Dom. Cons. none

2,183 Oil, Palm 2,090 2,410 2,708 2,800 2,800

7,190 Oil, Rapeseed 6,972 7,000 6,810 6,850 6,850

1,030 Oil, Soybean 1,420 880 790 820 820

301 Oil, Sunflowerseed 227 233 210 250 210

446 Other 495 480 510 490 490

11,150 Total 11,204 11,003 11,028 11,210 11,170

none

Food Use Dom. Cons. none

2,750 Oil, Palm 2,597 2,950 3,230 2,980 2,980

2,733 Oil, Rapeseed 2,684 2,320 2,438 2,400 2,400

1,290 Oil, Soybean 1,235 1,040 800 890 840

3,197 Oil, Sunflowerseed 3,294 3,465 3,390 3,575 3,455

2,974 Other 2,932 2,934 2,751 2,887 2,887

12,944 Total 12,742 12,709 12,609 12,732 12,562

none

SME none

1,084 Meal, Fish 915 1,000 796 968 896

9,191 Meal, Rapeseed 9,085 8,802 9,428 9,335 9,335

30,359 Meal, Soybean 30,952 29,870 26,894 27,961 28,011

6,012 Other 6,130 7,939 7,747 7,885 7,885

46,646 Total 47,081 47,611 44,865 46,149 46,126

European Union includes Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany,

Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain,

Sweden, and United Kingdom.

April 2014

Page 31: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

Table 27: China Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2009/10 2010/11 2011/12 2012/13

Mar

2013/14

Apr

2013/14

none

Production none

14,708 Oilseed, Peanut 15,644 16,046 16,692 17,000 17,000

13,657 Oilseed, Rapeseed 13,082 13,426 14,007 14,400 14,400

14,980 Oilseed, Soybean 15,080 14,485 13,050 12,200 12,200

1,956 Oilseed, Sunflowerseed 2,298 2,317 2,406 2,450 2,450

12,540 Other 11,953 13,325 13,720 12,540 12,540

57,841 Total 58,057 59,599 59,875 58,590 58,590

none

Imports none

1,042 Meal, Fish 1,212 1,249 981 1,270 1,070

993 Meal, Rapeseed 1,413 666 106 100 200

83 Meal, Soybean 294 113 16 50 20

40 Other 60 4 9 40 40

2,158 Total 2,979 2,032 1,112 1,460 1,330

none

Imports none

5,760 Oil, Palm 5,711 5,841 6,589 6,600 6,400

47 Oil, Peanut 68 62 65 60 60

785 Oil, Rapeseed 647 1,036 1,598 1,300 1,300

1,514 Oil, Soybean 1,319 1,502 1,409 1,470 1,470

169 Oil, Sunflowerseed 23 122 362 400 450

726 Other 618 669 770 690 690

9,001 Total 8,386 9,232 10,793 10,520 10,370

none

Domestic Consumption none

1,258 Meal, Fish 1,431 1,468 1,201 1,489 1,289

10,022 Meal, Rapeseed 10,317 10,737 10,695 10,881 11,169

37,546 Meal, Soybean 43,382 47,435 50,091 53,104 53,074

7,606 Other 7,751 8,093 8,734 8,600 8,600

56,432 Total 62,881 67,733 70,721 74,074 74,132

none

Domestic Consumption none

5,930 Oil, Palm 5,797 5,841 6,389 6,579 6,479

2,227 Oil, Peanut 2,432 2,585 2,745 2,775 2,775

5,641 Oil, Rapeseed 5,965 6,255 6,316 6,830 6,880

10,435 Oil, Soybean 11,109 11,944 12,545 13,654 13,654

493 Oil, Sunflowerseed 362 469 838 901 951

2,188 Other 2,026 2,144 2,335 2,165 2,165

26,914 Total 27,691 29,238 31,168 32,904 32,904

none

Food Use Dom. Cons. none

3,880 Oil, Palm 3,717 3,691 4,189 4,279 4,179

2,227 Oil, Peanut 2,432 2,585 2,745 2,775 2,775

5,641 Oil, Rapeseed 5,965 6,255 6,316 6,830 6,880

10,435 Oil, Soybean 11,109 11,944 12,545 13,654 13,654

493 Oil, Sunflowerseed 362 469 838 901 951

1,750 Other 1,605 1,668 1,715 1,615 1,615

24,426 Total 25,190 26,612 28,348 30,054 30,054

none

SME none

1,818 Meal, Fish 2,068 2,121 1,735 2,152 1,863

7,131 Meal, Rapeseed 7,341 7,639 7,609 7,742 7,947

37,546 Meal, Soybean 43,382 47,435 50,091 53,104 53,074

7,115 Other 7,306 7,640 8,251 8,171 8,171

53,610 Total 60,096 64,836 67,686 71,168 71,054

SME - 44 Percent Protein Soybean Meal Equivalent

April 2014

Page 32: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

Table 28: India Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2009/10 2010/11 2011/12 2012/13

Mar

2013/14

Apr

2013/14

none

Production none

10,402 Oilseed, Cottonseed 11,548 12,312 12,100 12,300 12,300

4,900 Oilseed, Peanut 5,850 5,500 5,000 5,500 5,650

6,400 Oilseed, Rapeseed 7,100 6,200 6,800 7,000 7,300

9,700 Oilseed, Soybean 9,800 11,000 11,500 11,800 11,000

820 Oilseed, Sunflowerseed 655 620 700 670 670

708 Other 698 700 690 690 690

32,930 Total 35,651 36,332 36,790 37,960 37,610

none

Imports none

9 Oil, Cottonseed 0 0 0 0 0

6,603 Oil, Palm 6,661 7,473 8,307 9,000 8,750

0 Oil, Peanut 0 0 0 0 0

18 Oil, Rapeseed 5 98 8 50 100

1,598 Oil, Soybean 945 1,174 1,086 1,230 1,230

611 Oil, Sunflowerseed 776 1,114 939 1,300 1,300

229 Other 195 168 335 218 218

9,068 Total 8,582 10,027 10,675 11,798 11,598

none

Domestic Consumption none

3,425 Meal, Cottonseed 3,694 3,927 3,957 4,135 4,135

1,324 Meal, Peanut 1,459 1,362 1,395 1,400 1,435

2,500 Meal, Rapeseed 2,630 2,368 2,630 2,795 2,770

2,570 Meal, Soybean 2,901 3,331 3,363 4,070 3,936

349 Meal, Sunflowerseed 260 275 294 295 295

300 Other 283 290 274 280 280

10,468 Total 11,227 11,553 11,913 12,975 12,851

none

Domestic Consumption none

1,060 Oil, Cottonseed 1,121 1,227 1,238 1,270 1,270

6,440 Oil, Palm 7,080 7,425 8,425 9,144 8,894

1,320 Oil, Peanut 1,260 1,185 1,189 1,185 1,215

2,096 Oil, Rapeseed 2,318 2,323 2,425 2,400 2,570

2,760 Oil, Soybean 2,640 2,750 2,910 3,000 2,990

912 Oil, Sunflowerseed 991 1,280 1,180 1,500 1,500

626 Other 614 598 691 652 652

15,214 Total 16,024 16,788 18,058 19,151 19,091

none

Food Use Dom. Cons. none

1,021 Oil, Cottonseed 1,080 1,185 1,195 1,225 1,225

6,200 Oil, Palm 6,820 7,125 8,100 8,800 8,550

1,305 Oil, Peanut 1,245 1,175 1,179 1,185 1,215

2,096 Oil, Rapeseed 2,318 2,323 2,425 2,400 2,570

2,760 Oil, Soybean 2,640 2,750 2,910 3,000 2,990

912 Oil, Sunflowerseed 991 1,280 1,180 1,500 1,500

322 Other 315 308 340 330 330

14,616 Total 15,409 16,146 17,329 18,440 18,380

none

SME none

2,775 Meal, Cottonseed 2,993 3,182 3,206 3,351 3,351

1,488 Meal, Peanut 1,640 1,531 1,568 1,574 1,613

1,779 Meal, Rapeseed 1,871 1,685 1,871 1,989 1,971

2,570 Meal, Soybean 2,901 3,331 3,363 4,070 3,936

330 Meal, Sunflowerseed 245 260 278 279 279

134 Other 126 130 123 125 125

9,075 Total 9,777 10,118 10,409 11,387 11,274

SME - 44 Percent Protein Soybean Meal Equivalent

April 2014

Page 33: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

Year Rapeseed CopraBeg U.S. U.S. Brz Arg Rott U.S. Rott U.S. Rott Hamb RottOct 1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/

Oct - Sep Average02/03-10/11 325 337 355 354 397 470 1321 403 443 425 605

2002/03 209 232 217 221 267 415 963 265 286 285 2872003/04 291 294 277 285 323 425 976 282 321 317 4242004/05 217 214 232 228 277 402 915 316 313 262 4312005/06 205 202 228 227 261 383 857 261 291 292 3872006/07 254 264 279 279 335 394 1,128 343 401 375 5372007/08 414 452 472 469 550 458 1,688 532 745 644 8672008/09 368 365 403 392 421 517 1,204 461 364 393 4872009/10 354 357 390 395 429 467 1,209 342 452 419 6132010/11 454 482 508 511 549 508 1,792 591 661 647 11882011/12 488 505 549 533 562 729 2,480 632 593 616 829

2012/13 Oct 522 561 571 597 617 745 1,488 571 677 623 591 Nov 525 529 544 556 589 723 1,418 580 652 618 577 Dec 525 532 547 552 607 838 1,363 549 670 623 526 Jan 525 526 538 530 592 688 1,350 573 672 628 554 Feb 536 539 546 540 596 622 1,350 571 686 641 570 Mar 536 537 529 538 588 611 1,381 542 649 619 536 Apr 529 N/A 506 518 N/A 589 1,400 547 568 623 523 May 547 555 527 541 N/A 600 1,400 529 561 554 556 Jun 555 569 544 546 N/A 595 1,400 538 535 543 601 Jul 562 534 531 534 N/A 534 1,388 534 446 492 569 Aug 507 515 518 522 N/A 518 1,360 518 407 482 587 Sep 489 511 549 543 556 562 1,393 498 440 496 654 Average 530 537 538 543 592 635 1,391 546 580 579 570

2013/14 Oct 459 467 550 530 544 573 1,370 507 468 513 663 Nov 467 472 NA 539 553 586 1,370 459 478 509 865 Dec 478 487 502 550 568 542 1,370 414 495 512 846 Jan 474 476 492 525 566 560 1,360 448 477 496 848 Feb 485 493 502 545 590 534 1,320 505 492 525 915*Mar 500 519 518 537 N/A 571 1,300 492 524 598 926 Apr May Jun Jul Aug Sep Average 477 486 513 538 564 561 1,348 471 489 526 844

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

* Preliminary

3/ Rio Grande, Brazil FOB; IGC 4/ Argentina FOB Up River; IGC5/ Rotterdam CIF; US origin; Oil World. 6/ US Farm Price, Inshell, USDA.

11/ Phil/Indo CIF NW Europe; Oil World

Table 29: Oilseed Prices U.S. Dollars per Metric Ton

Soybean Peanut Sunseed

1/ U.S. Farm Price; USDA. 2/ U.S. NO.1 Yellow Cash Central Illinois; AMS.

4/9/2014 11:39:41 AM

April 2014

Page 34: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

Year FishBeg U.S. Brz Arg Hamb U.S. Rott HambOct 1 1/ 2/ 3/ 4/ 6/ 7/ 8/

Oct - Sep Average02/03-10/11 300 274 256 333 156 189 1116

2002/03 200 163 152 197 101 106 5982003/04 282 211 188 273 122 149 6492004/05 202 172 157 231 94 120 6652005/06 192 176 158 215 85 122 10602006/07 226 199 181 276 116 178 12202007/08 370 337 299 469 191 298 1,1462008/09 365 333 290 401 168 178 1,1032009/10 343 327 311 391 167 222 1,6682010/11 381 383 386 418 242 254 1,6072011/12 434 442 442 461 272 263 1,448

2012/13 Oct 538 562 565 555 316 333 1,635 Nov 513 540 539 539 297 330 1,812 Dec 506 544 539 553 294 335 1,880 Jan 476 485 501 512 278 336 1,919 Feb 486 462 496 513 262 327 1,884 Mar 482 445 474 503 255 299 1,803 Apr 465 417 465 521 245 295 1,847 May 513 444 497 527 237 336 1,816 Jun 548 479 510 548 257 347 1,800 Jul 600 482 500 567 271 305 1,726 Aug 512 477 473 564 244 283 1,713 Sep 552 533 516 552 240 295 1,659 Average 516 489 506 538 266 318 1,791

2013/14 Oct 491 563 534 555 260 313 1,644 Nov 497 542 520 541 272 322 1,600 Dec 549 513 543 548 306 324 1,553 Jan 529 476 517 539 313 298 1,531 Feb 561 494 543 571 314 313 1,564*Mar 546 511 532 582 299 337 1,653 Apr May Jun Jul Aug Sep Average 529 517 532 556 294 318 1,591

1/ Decatur, Average Wholsale 48% Protein; USDA. 2/ Rio Grande, Brazil FOB; Bulk Rate 45-46% Protein; IGC.3/ Argentina Pellets, FOB Up River; IGC; 4/ Hanburg FOB 44/45% Ex-Mill; Oil World.5/ Memphis FOB; 41% Protein Solvent Extraction; USDA; 6/ Minneapolis FOB; 32% Protein; USDA.7/ HiPro a.o. cif France (Beg Sep 2013); Ukraine DAF (Beg. Aug 2012); Rotterdam CIF; Argentina Pellet 37-38% (Prior to Aug 2012); Oil World. 8/ Bremen 64-65% Protein; Oil World.9/ Hamburg FOB; Ex-Mill 34% Protein; Oil World.* Preliminary

U.S.5/

223

161

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

Soybean SunseedCottonseed

280281244

303

202137159166

361308333347

302

378415380

413366

391380

344363380364

417

RapeseedHamb

9/

205

139178131

443414429442

221278

359

295

129184298195

370393402323

374399364382

317316336335

301276290353

4/9/2014 11:39:41 AM

343

358395

April 2014

Page 35: Record New Crop U.S. Soybean Sales Reflect Strong Demand...2014/04/09  · •India’s palm oil imports are cut 250,000 tons to 8.8 million on slower import pace to date. • Indonesia’s

Year Cottonseed Palm Canola Coconut CornBegin U.S. Brz Arg Rott U.S. U.S. Rott U.S. Rott Malay Rott Rott U.S.Oct 1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/ 12/ 13/

Oct - Sep Average02/03-10/11 782 782 777 868 927 1,262 953 1,493 1,442 703 937 909 880

2002/03 486 489 491 534 832 731 592 1,034 1,139 421 588 449 6212003/04 661 567 542 633 688 738 663 1,317 1,178 481 670 630 6252004/05 507 466 471 545 609 962 703 1,171 1,102 392 660 636 6142005/06 516 474 467 573 649 896 635 981 931 416 770 583 5552006/07 684 673 667 771 787 1,279 846 1,253 1,219 655 852 812 7012007/08 1,147 1,190 1,191 1,327 1,622 2,010 1,639 2,225 2,018 1,058 1,410 1,306 1,5292008/09 709 740 741 826 820 1,108 837 1,539 1,339 633 868 735 7222009/10 793 848 829 924 888 1,164 956 1,353 1,291 793 927 921 8662010/11 1,173 1,210 1,211 1,306 1,202 1,899 1,404 1,806 1,751 1,154 1,367 1,772 1,3312011/12 1,144 1,162 1,164 1,241 1,173 1,834 1,254 2,247 2,455 1,032 1,258 1,244 1,236

2012/13 Oct 1,087 1,095 1,092 1,175 1,131 1,631 1,245 2,271 2,375 823 1,217 898 1,207 Nov 1,020 1,080 1,084 1,135 1,081 1,550 1,237 2,202 2,303 799 1,188 848 1,145 Dec 1,040 1,106 1,112 1,163 1,104 1,488 1,269 2,173 2,216 763 1,190 785 1,116 Jan 1,077 1,108 1,134 1,190 1,123 1,439 1,269 2,133 2,100 812 1,214 829 1,148 Feb 1,088 1,106 1,117 1,175 1,137 1,433 1,275 1,896 1,982 828 1,225 861 1,140 Mar 1,072 1,042 1,039 1,116 1,107 1,424 1,221 1,743 1,924 804 1,162 820 1,053 Apr 1,086 1,012 1,012 1,095 1,101 1,411 1,201 1,709 1,899 793 1,136 793 1,037 May 1,087 991 991 1,073 1,097 1,411 1,227 1,764 1,867 795 1,116 828 997 Jun 1,055 942 944 1,041 1,064 1,411 1,228 1,824 1,813 796 1,078 895 937 Jul 996 880 879 995 1,018 1,411 1,178 1,852 1,758 765 1,012 861 858 Aug 933 876 875 999 950 1,411 959 1,830 1,685 757 997 894 858 Sep 929 902 887 1,024 944 1,405 962 1,808 1,638 760 994 982 848 Average 1,039 1,012 1,014 1,098 1,071 1,452 1,189 1,934 1,963 791 1,127 858 1,029

2013/14 Oct 878 915 908 987 908 1,334 988 1,786 1,575 795 1,011 985 834 Nov 873 924 932 996 927 1,265 998 1,735 1,543 835 1,025 1,270 855 Dec 830 884 895 989 952 1,257 982 1,662 1,493 813 1,012 1,269 845 Jan 771 841 848 943 1,038 1,257 920 1,448 1,410 796 952 1,270 855 Feb 818 878 879 985 1,274 1,257 945 1,368 1,303 846 976 1,365 905*Mar 900 922 904 1,002 1,542 1,279 964 1,302 1,221 890 1,019 1,394 952 Apr May Jun Jul Aug Sep Average 845 894 894 984 1,107 1,275 966 1,550 1,424 829 999 1,259 8741/ Decatur; Average Wholesale Tank Crude; USDA. 2/ Brazil FOB; Bulk Rate; IGC. 3/ Argentina FOB; IGC4/ Dutch FOB; Ex-Mill; Oil World. 5/ PBSY Greenwood MS; USDA. 6/ Minneapolis FOB; USDA. 7/ EU FOB NW Euro; Oil World. 8/ South East Mills FOB; Tank Cars Crude; USDA. 9/ Rotterdam CIF; Any Origin; Oil World. 10/ Malaysia FOB; RBD; Oil World. 11/ Rotterdam, Dutch FOBEx-Mill; Oilworld. 12/ Rotterdam CIF; Phil/Indo; Oil World. 13/ Chicago; Crude; AMS * Preliminary

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

4/9/2014 11:39:41 AM

Soybean Sunseed Peanut

April 2014