U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/
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Item 2019/20 2020/21
prev Jan 12 prev Jan 12
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SOYBEANS Million acres
Area
Planted 76.1 76.1 83.1 83.1
Harvested 74.9 74.9 82.3 82.3
Bushels
Yield per harvested
acre 47.4 47.4 50.7 50.2
Million bushels
Beginning stocks 909 909 523 525
Production 3,552 3,552 4,170 4,135
Imports 15 15 15 35
Supply, total 4,476 4,476 4,709 4,695
Crushings 2,165 2,165 2,195 2,200
Exports 1,676 1,682 2,200 2,230
Seed 96 96 103 103
Residual 16 9 35 22
Use, total 3,953 3,952 4,534 4,555
Ending stocks 523 525 175 140
Avg farm prc($/bu) 2/ 8.57 8.57 10.55 11.15
Million pounds
SOYBEAN OIL
Beginning stocks 1,775 1,775 1,849 1,849
Production 4/ 24,912 24,912 25,440 25,565
Imports 319 319 350 350
Supply, total 27,006 27,006 27,639 27,764
Domestic Disappearance 22,319 22,319 23,000 23,200
Biodiesel 3/ 7,858 7,858 8,100 8,200
Food, Feed &
other industrial 14,461 14,461 14,900 15,000
Exports 2,839 2,839 2,750 2,750
Use, total 25,158 25,158 25,750 25,950
Ending stocks 1,849 1,849 1,889 1,814
Avg farm prc(c/lb) 2/ 29.65 29.65 36.00 38.50
Thousand short tons
SOYBEAN MEAL
Beginning stocks 402 402 341 341
Production 4/ 51,100 51,100 51,709 51,959
Imports 639 639 600 600
Supply, total 52,142 52,142 52,650 52,900
Domestic Disappearance 37,723 37,723 38,300 38,300
Exports 14,077 14,077 14,000 14,250
Use, total 51,800 51,800 52,300 52,550
Ending stocks 341 341 350 350
Avg Farm prc($/s.t.) 2/ 299.50 299.50 370.00 390.00
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Note: Totals may not add due to rounding. Reliability calculations at end
of report. 1/ Marketing year beginning September 1 for soybeans; October 1
for soybean oil and soybean meal. 2/ Prices: soybeans marketing year
weighted average price received by farmers; oil simple average of crude
soybean oil Decatur; meal simple average of 48 percent protein Decatur.
3/ Reflects only biodiesel made from methyl ester as reported by the U.S.
Energy Information Administration. 4/ Based on an October year crush of 2
173 million bushels for 2019/20 and 2 200 million bushels for 2020/21.
Write to Rose Ridinger at csstat@dowjones.com
(END) Dow Jones Newswires
01-12-21 1217ET
