2015 -16 Supply and Demand Tables -

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Corn Balance Sheet     Better Demand   
U.S. Corn: Supply & Use     1 Million less acres
    New Crop New Crop  
  2014/15 2015/16 2015/16 Change
Planted Acres 90.6 89.2 88.2 -1.4
Harvested Acres 83.1 81.7 80.8 -1.4
         
Yield 171 164 164 -7.0
         
Beginning Stocks 1,232 1,777 1,777 545
Production 14,216 13,399 13,250 -817
Imports 25 20 20 -5
Total supply 15,473 15,196 15,047 -277
         
Feed & Residual 5,300 5,300 5,400 0
Food, Seed, & Industrial 6,595 6,615 6,615 20
Ethanol 5,200 5,200 5,200 0
Total Domestic 11,895 11,915 12,015 20
Export 1,800 1,825 1,825 25
Total use 13,695 13,740 13,840 45
         
Ending Stocks 1,778 1,456 1,207 -322
Stocks/Use 13.0% 10.6% 8.7% -2.4%
Ave Farm Price $3.70 $4.35 $4.45 $0.65
         
         
Soybean Balance Sheet     Better Demand   
U.S. Soybean: Supply & Use     1 Million more acres
    New Crop New Crop  
  2014/15 2015/16 2015/16 Change
Planted Acres 83.7 84.6 85.6 0.9
Harvested Acres 83.1 83.8 84.7 0.7
         
Yield 47.8 44.6 44.6 -3.2
         
Beginning Stocks 92 361 361 269
Production 3,972 3,737 3,780 -235
Imports 25 20 20 -5
Total supply 4,089 4,118 4,161 29
         
Crush 1,795 1,800 1,800 5
Seed & Feed 140 120 120 -20
Export 1,790 1,800 1,825 10
Total use 3,725 3,720 3,745 -5
         
Ending Stocks 364 398 416 34
Stocks/Use 9.8% 10.7% 11.1% 0.9%
Ave Farm Price $10.20 $9.75 $9.50 -$0.45
         
         
Wheat Balance Sheet  
U.S. Wheat: Supply & Use   New Crop    
  2014/15 2015/16 Change  
Planted Acres 56.8 55.4 -1.4  
Harvested Acres 46.4 46.9 0.5  
         
Yield 43.7 45.4 1.70  
         
Beginning Stocks 590 691 101  
Production 2,026 2,130 104  
Imports 160 150 -10  
Total supply 2,776 2,971 195  
         
Feed 150 165 15  
Food, Seed, & Industrial 1,035 1,045 10  
Total Domestic 1,185 1,210 25  
Export 900 1,000 100  
Total use 2,085 2,210 125  
         
Ending Stocks 691 761 70  
Stocks/Use 33.1% 34.4% 1.3%  
Ave Farm Price $6.00 $5.40 -$0.60  
         
         
Cotton Balance Sheet  
U.S. Cotton: Supply & Use   New Crop    
  2014/15 2015/16 Change  
Planted Acres 11.04 9.55 -1.5  
Harvested Acres 9.71 8.24 -1.5  
         
Yield 795 808 13.00  
         
Beginning Stocks 2.45 4.19 2  
Production 16.08 13.87 -2  
Imports 0.01 0.01 0  
Total supply 18.54 18.07 0  
         
Mill 3.65 3.80 0  
Export 10.70 10.50 0  
Total use 14.35 14.30 0  
         
Ending Stocks 4.19 3.77 0  
Stocks/Use 29.2% 26.4% -2.9%  
Ave Farm Price $0.610 $0.650 $0.04  
         
         
Rice Balance Sheet  
U.S. Rice: Supply & Use   New Crop    
  2014/15 2015/16 Change  
Planted Acres 2.94 2.92 0.0  
Harvested Acres 2.92 2.89 0.0  
         
Yield 7572 7525 -47.00  
         
Beginning Stocks 31.80 40.90 9  
Production 221.10 217.47 -4  
Imports 23.00 23.20 0  
Total supply 275.90 281.57 6  
         
Domestic 131.00 132.70 2  
Export 104.00 102.20 -2  
Total use 235.00 234.90 0  
         
Ending Stocks 40.90 46.67 6  
Stocks/Use 17.4% 19.9% 2.5%  
Ave Farm Price $14.300   -$14.30