2015 -16 Supply and Demand Tables - Updated July 10, 2015

 

 

U.S. New Crop Balance Sheets - Updated June 30 Grain Stocks and Planted Acres Report
Corn Balance Sheet          
U.S. Corn: Supply & Use          
    New Crop New Crop New Crop New Crop
  2014/15 2015/16 2015/16 2015/16 2015/16
Planted Acres 90.6 88.9 88.9 88.9 88.9
Harvested Acres 83.1 81.1 81.1 81.1 81.1
           
Yield 171 166.8 168 162 160
           
Beginning Stocks 1,232 1,779 1,779 1,779 1,779
Production 14,216 13,527 13,621 13,134 12,972
Imports 27 25 25 25 25
Total supply 15,475 15,331 15,425 14,938 14,776
           
Feed & Residual 5,300 5,275 5,275 5,275 5,275
Food, Seed, & Industrial 6,546 6,585 6,585 6,585 6,585
Ethanol 5,200 5,225 5,225 5,225 5,225
Total Domestic 11,846 11,860 11,860 11,860 11,860
Export 1,850 1,875 1,876 1,877 1,878
Total use 13,696 13,735 13,736 13,737 13,738
           
Ending Stocks 1,779 1,596 1,689 1,201 1,038
Stocks/Use 13.0% 11.6% 12.3% 8.7% 7.6%
Ave Farm Price $3.70 $3.75 $3.65 $4.50 $4.75
           
           
Soybean Balance Sheet          
U.S. Soybean: Supply & Use        
    New Crop New Crop New Crop New Crop
  2014/15 2015/16 2015/16 2015/16 2015/16
Planted Acres 83.7 85.1 85.1 85.1 85.1
Harvested Acres 83.1 84.4 84.4 84.4 84.4
           
Yield 47.8 46.0 45.0 44.0 43.0
           
Beginning Stocks 92 255 255 255 255
Production 3,969 3,882 3,798 3,714 3,629
Imports 30 30 30 30 30
Total supply 4,091 4,167 4,083 3,999 3,914
           
Crush 1,830 1,840 1,840 1,840 1,840
Seed & Feed 181 130 130 130 130
Export 1,825 1,775 1,775 1,775 1,775
Total use 3,836 3,745 3,745 3,745 3,745
           
Ending Stocks 255 422 338 254 169
Stocks/Use 6.6% 11.3% 9.0% 6.8% 4.5%
Ave Farm Price $10.05 $9.25 $9.50 $11.00 $12.00
           
           
Wheat Balance Sheet    
U.S. Wheat: Supply & Use New Crop      
  2014/15 2015/16 Change    
Planted Acres 56.8 56.1 -0.7    
Harvested Acres 46.4 48.5 2.1    
           
Yield 43.7 44.3 0.60    
           
Beginning Stocks 590 753 163    
Production 2,026 2,149 123    
Imports 144 130 -14    
Total supply 2,760 3,032 272    
           
Feed 111 200 89    
Food, Seed, & Industrial 1,041 1,039 -2    
Total Domestic 1,152 1,239 87    
Export 855 950 95    
Total use 2,007 2,189 182    
           
Ending Stocks 753 843 90    
Stocks/Use 37.5% 38.5% 1.0%    
Ave Farm Price $5.99 $5.25 -$0.74    
           
           
Cotton Balance Sheet    
U.S. Cotton: Supply & Use New Crop Ac. DN 0.5 Ac. DN 0.5 Ac. DN 0
  2014/15 2015/16 2015/16 2015/16 2015/16
Planted Acres 11.04 9.00 8.50 8.50 9.00
Harvested Acres 9.35 8.50 7.66 7.23 8.11
% Harvested 85% 94% 90% 85% 90%
           
Yield 838 819 819 819 819
           
Beginning Stocks 2.45 4.20 4.20 4.20 4.20
Production 16.32 14.50 13.07 12.33 13.83
Imports 0.01 0.01 0.01 0.01 0.01
Total supply 18.78 18.72 17.28 16.54 18.05
           
Mill 3.55 3.75 3.75 3.75 3.75
Export 11.00 10.80 10.80 10.80 10.80
Total use 14.55 14.55 14.55 14.55 14.55
Unaccounted 0.03 -0.04      
           
Ending Stocks 4.20 4.21 2.73 1.99 3.50
Stocks/Use 28.9% 28.9% 18.8% 13.7% 24.0%
Ave Farm Price $0.605 $0.620 $0.750 $0.800 $0.700
           
           
Rice Balance Sheet    
U.S. Rice: Supply & Use   New Crop      
  2014/15 2015/16 Change    
Planted Acres 2.94 2.77 -0.2    
Harvested Acres 2.92 2.74 -0.2    
           
Yield 7572 7544 -28.00    
           
Beginning Stocks 31.80 46.40 15    
Production 221.10 206.71 -14    
Imports 24.50 25.00 1    
Total supply 277.40 278.11 1    
           
Domestic 129.00 130.00 1    
Export 102.00 110.00 8    
Total use 231.00 240.00 9    
           
Ending Stocks 46.40 38.11 -8    
Stocks/Use 20.1% 15.9% -4.2%    
Ave Farm Price $13.400 $13.500 $0.10    
Ave Farm Price (bushel) $6.03 $6.08 $0.04