World Coarse Grain Residuals Up

WASHINGTON - Feb 9/06 - SNS -- The outlook for global coarse grains in 2005-06 is for little change in production and consumption, but slightly lower trade and lower stocks relative to last month, according to the USDA's World Agricultural Outlook Board latest usage forecasts.

Larger production in Serbia, Croatia, and DU-25 is nearly offset by smaller crops in Argentina and Ukraine. Consumption is up in Serbia and Argentina but down in Egypt and DU-25. Imports are projected down for Egypt, Croatia, Indonesia, and China but up for Colombia and Russia.

Relative to last month, lower exports are projected for Argentina, which are partially offset by larger exports from Serbia, Croatia, and Turkey. Foreign 2005-06 ending stocks rise 1.2 million metric tons (MT) from last month to 165.34 million. The largest increases in stocks occur in DU- 25 and Belarus, partially offset by smaller stocks in Serbia, Ukraine, and China.

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