U.S. Soybean and Product Supply and Use ================================================================================ 2015/16 2016/17 Est. 2017/18 Proj. 2017/18 Proj. Item Mar Apr ================================================================================ Million Acres SOYBEANS Area Planted 82.7 83.4 90.1 90.1 Area Harvested 81.7 82.7 89.5 89.5 Bushels Yield per Harvested Acre 48.0 52.0 49.1 49.1 Million Bushels Beginning Stocks 191 197 302 302 Production 3926 4296 4392 4392 Imports 24 22 25 25 Supply, Total 4140 4515 4718 4718 Crushings 1886 1901 1960 1970 Exports 1942 2174 2065 2065 Seed 97 105 106 103 Residual 18 34 33 30 Use, Total 3944 4213 4163 4168 Ending Stocks 197 302 555 550 Avg.FarmPrice ($/bu) 8.95 9.47 9.00-9.60 9.10-9.50 Million Pounds SOYBEAN OIL Beginning Stocks 1855 1687 1711 1711 Production 4/ 21950 22123 22640 22755 Imports 287 319 300 300 Supply, Total 24092 24129 24651 24766 Domestic Disappearance 20162 19862 21000 20800 Biodiesel 5670 6200 7200 7000 Food, Feed & other Industrial 14492 13661 13800 13800 Exports 2243 2556 1900 2000 Use, Total 22405 22418 22900 22800 Ending stocks 1687 1711 1751 1966 Avg. Price (c/lb) 29.86 32.48 30.00-33.00 30.50-32.50 Thousand Short Tons SOYBEAN MEAL Beginning Stocks 260 264 401 401 Production 44672 44787 46299 46549 Imports 403 349 300 400 Supply, Total 45336 45400 47000 47350 Domestic Disappearance 33118 33399 34300 34550 Exports 11954 11601 12400 12500 Use, Total 45072 45000 46700 47050 Ending Stocks 264 401 300 300 Avg. Price ($/s.t.) 324.56 316.88 325.00-355.00 340.00-360.00 ================================================================================Only active subscribers can read all of this article.
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