U.S. Soybean Prices Fall as Buyers Focus Turns to South America

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1 United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 2-10 ruary 2010 U.S. Soybean Prices Fall as Buyers Focus Turns to South America $11.00 Daily U.S. Soybean Cash Price (Central Illinois $/BU) $10.00 $9.00 $8.00 Oct 12 Oct 19 Oct 26 Nov 2 Nov 9 Nov 16 Nov 23 Dec 2 Dec 9 Dec 16 Dec 23 Dec 31 Jan 8 Jan 15 Jan 25 1 U.S. soybean prices, after holding nearly steady since mid-october, have begun a steady decline that has shaved 15 percent off the Central Illinois cash price since early January. Prices broke the $9/bu level in early ruary, the first time since mid- March if you exclude a brief two-day post harvest drop in early October. This fall in price is attributed to a slowdown in demand. With a record South American crop poised to enter the market, foreign buyers, particularly China, have turned their focus to Brazil and slowed their purchases of US soybeans. Meanwhile, encouraged by strong profit margin, domestic processors are crushing beans at a record pace, which has added some support to prices. However, as competition from South American processors intensifies, U.S. crush margins are expected to weaken, which would lead to further erosion in soybean prices in coming months. Approved by the World Agricultural Outlook Board/USDA

2 PRICES U.S. soybean export bids, FOB Gulf, in the first week in ruary averaged $368 per ton, the lowest since ruary Prospects of record crops in South America and seasonal shift in China s buying demand resulted in lower export bids. As of the week-ending January 28, 2010, U.S. soybean sales commitments 200 (outstanding sales plus accumulated exports) to China totaled 21.5 million tons, compared to 13.9 million a year ago. Total commitments to the world amounted to 34.9 million tons compared to 24.4 million the same period last year. TRADE CHANGES IN U.S. Gulf/FOB ($/Metric ton) U.S. Gulf Soybean Export Bids -08 Apr-08 U.S. soybean exports are up 0.7 million tons to a record 38.1 million supported by strong shipments and sales to date primarily to China. Brazil s soybean exports are up 1.3 million tons to 25.3 million with prospects of a record exportable supplies and early-season export demand. Argentina s soybean exports are cut 2.0 million tons to 7.9 million as an anticipated quick start in exports by Brazil reduces competitiveness of Argentine beans. China s soybean imports are up 0.5 million tons to 42.5 million due mainly to stronger shipments from the U.S. Canada s rapeseed exports are raised 0.3 million tons to 6.5 million in response to strong exports, mainly to China. Jun-08 Aug-08 Oct-08 Dec Apr-09 Jun-09 Aug-09 Oct-09 Dec Ukraine s rapeseed exports are up 0.2 million tons to 1.8 million supported by rising demand in the EU.

3 Table 01: Major Oilseeds: World Supply and Distribution (Commodity View) Million Metric Tons 2004/ / / /08 Oilseed, Copra Oilseed, Cottonseed Oilseed, Palm Kernel Oilseed, Peanut Oilseed, Rapeseed Oilseed, Soybean Oilseed, Sunflowerseed Total Oilseed, Copra Oilseed, Cottonseed Oilseed, Palm Kernel Oilseed, Peanut Oilseed, Rapeseed Oilseed, Soybean Oilseed, Sunflowerseed Total Oilseed, Copra Oilseed, Cottonseed Oilseed, Palm Kernel Oilseed, Peanut Oilseed, Rapeseed Oilseed, Soybean Oilseed, Sunflowerseed Total Crush Oilseed, Copra Oilseed, Cottonseed Oilseed, Palm Kernel Oilseed, Peanut Oilseed, Rapeseed Oilseed, Soybean Oilseed, Sunflowerseed Total Ending Oilseed, Copra Oilseed, Cottonseed Oilseed, Palm Kernel Oilseed, Peanut Oilseed, Rapeseed Oilseed, Soybean Oilseed, Sunflowerseed Total Totals may not add due to rounding

4 Table 02: Major Protein Meals: World Supply and Distribution (Commodity View) Million Metric Tons 2004/ / / /08 Meal, Copra Meal, Cottonseed Meal, Fish Meal, Palm Kernel Meal, Peanut Meal, Rapeseed Meal, Soybean Meal, Sunflowerseed Total Meal, Copra Meal, Cottonseed Meal, Fish Meal, Palm Kernel Meal, Peanut Meal, Rapeseed Meal, Soybean Meal, Sunflowerseed Total Meal, Copra Meal, Cottonseed Meal, Fish Meal, Palm Kernel Meal, Peanut Meal, Rapeseed Meal, Soybean Meal, Sunflowerseed Total Meal, Copra Meal, Cottonseed Meal, Fish Meal, Palm Kernel Meal, Peanut Meal, Rapeseed Meal, Soybean Meal, Sunflowerseed Total Ending Meal, Copra Meal, Cottonseed Meal, Fish Meal, Palm Kernel Meal, Peanut Meal, Rapeseed Meal, Soybean Meal, Sunflowerseed Total Totals may not add due to rounding

5 Table 03: Major Vegetable Oils: World Supply and Distribution (Commodity View) Million Metric Tons 2004/ / / /08 Oil, Coconut Oil, Cottonseed Oil, Olive Oil, Palm Oil, Palm Kernel Oil, Peanut Oil, Rapeseed Oil, Soybean Oil, Sunflowerseed Total Oil, Coconut Oil, Cottonseed Oil, Olive Oil, Palm Oil, Palm Kernel Oil, Peanut Oil, Rapeseed Oil, Soybean Oil, Sunflowerseed Total Oil, Coconut Oil, Cottonseed Oil, Olive Oil, Palm Oil, Palm Kernel Oil, Peanut Oil, Rapeseed Oil, Soybean Oil, Sunflowerseed Total Oil, Coconut Oil, Cottonseed Oil, Olive Oil, Palm Oil, Palm Kernel Oil, Peanut Oil, Rapeseed Oil, Soybean Oil, Sunflowerseed Total Ending Oil, Coconut Oil, Cottonseed Oil, Olive Oil, Palm Oil, Palm Kernel Oil, Peanut Oil, Rapeseed Oil, Soybean Oil, Sunflowerseed Total Totals may not add due to rounding

6 Table 04: Major Oilseeds: World Supply and Distribution (Country View) Million Metric Tons 2004/ / / /08 United States Brazil Argentina China India Other Total China EU Japan Mexico Taiwan Turkey Indonesia Thailand Egypt Korea, South Other Total United States Brazil Canada Argentina Paraguay Ukraine Uruguay Other Crush Total China United States EU Argentina Brazil India Russia Indonesia Ukraine Canada Mexico Pakistan Malaysia Japan Philippines Other Total Ending Argentina Brazil China United States EU Other Total Major Oilseeds includes Copra, Cottonseed, Palm Kernel, Peanut, Rapeseed, Soybeans and Sunflowerseeds.

7 Table 05: Major Protein Meals: World Supply and Distribution (Country View) Million Metric Tons 2004/ / / /08 China United States Argentina EU Brazil Other Total EU Korea, South Indonesia Vietnam Thailand Japan United States Other Total Argentina Brazil United States India Indonesia Malaysia Ukraine Other Total EU China United States Brazil India Japan Mexico Thailand Korea, South Russia Other SME Total China EU United States Brazil India Japan Mexico Other Total Ending Brazil Argentina India EU United States Other Total Major Protien Meals include Copra, Cottonseed, Fish, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflower Meal.

8 Table 06: Major Vegetable Oils: World Supply and Distribution (Country View) Million Metric Tons 2004/ / / /08 Indonesia Malaysia China EU United States Argentina India Other Total China EU India United States Pakistan Egypt Malaysia Iran Bangladesh Turkey Other Total Indonesia Malaysia Argentina Ukraine United States Canada Brazil Other Total China EU India United States Indonesia Brazil Malaysia Pakistan Russia Japan Argentina Mexico Egypt Nigeria Turkey Other Total Ending EU Malaysia United States China Indonesia Other Total Major Vegetable Oils includes Coconut, Cottonseed, Olive, Palm, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflowerseed oil.

9 Table 07: Soybeans: World Supply and Distribution 2004/ / / /08 United States 85,019 83,507 87,001 72,859 80,749 91,472 Brazil 53,000 57,000 59,000 61,000 57,000 66,000 Argentina 39,000 40,500 48,800 46,200 32,000 53,000 China 17,400 16,350 15,967 14,000 15,500 14,500 India 5,850 7,000 7,690 9,470 9,100 8,800 Paraguay 4,040 3,640 5,856 6,900 3,900 7,100 Canada 3,042 3,161 3,466 2,696 3,336 3,500 Other 8,426 9,512 9,337 8,016 9,278 10,645 Total 215, , , , , ,017 China 25,802 28,317 28,726 37,816 41,098 42,500 EU-27 14,539 13,937 15,291 15,123 13,213 13,000 Japan 4,295 3,962 4,094 4,014 3,396 3,950 Mexico 3,640 3,667 3,844 3,584 3,327 3,500 Taiwan 2,256 2,498 2,436 2,148 2,216 2,250 Thailand 1,517 1,473 1,532 1,753 1,510 1,705 Indonesia 1,112 1,187 1,309 1,147 1,393 1,600 Egypt ,328 1,061 1,575 1,500 Turkey 858 1,078 1,268 1, ,280 Korea, South 1,240 1,190 1,231 1,232 1,167 1,200 Other 7,452 6,044 8,003 8,966 7,301 7,090 Total 63,473 64,129 69,062 78,121 77,170 79,575 United States 29,860 25,579 30,386 31,538 34,925 38,102 Brazil 20,137 25,911 23,485 25,364 29,986 25,300 Argentina 9,568 7,249 9,559 13,837 5,588 7,850 Paraguay 2,882 2,380 4,361 5,400 2,400 5,300 Canada 1,124 1,326 1,683 1,753 2,017 2,000 Other 1,181 1,359 1,836 1,634 1,878 2,837 Crush Total 64,752 63,804 71,310 79,526 76,794 81,389 United States 46,160 47,324 49,198 49,081 45,232 46,811 China 30,362 34,500 35,970 39,518 41,035 44,930 Argentina 27,313 31,888 33,586 34,607 31,911 35,300 Brazil 29,344 28,285 31,109 32,114 32,512 31,600 EU-27 14,350 13,670 14,670 14,870 12,860 12,500 India 5,030 5,990 6,615 8,170 7,500 7,600 Mexico 3,729 3,823 3,900 3,620 3,465 3,560 Japan 3,149 2,820 2,925 2,890 2,496 2,750 Taiwan 2,013 2,190 2,161 1,965 1,917 1,970 Russia ,051 1,497 1,830 Paraguay 1,078 1,181 1,355 1,400 1,500 1,550 Thailand 1,500 1,413 1,406 1,514 1,425 1,497 Egypt ,250 1,129 1,545 1,480 Bolivia 1,815 1,843 1,670 1,160 1,350 1,410 Canada 1,545 1,497 1,524 1,383 1,286 1,375 Other 7,201 7,289 7,515 7,402 7,019 8,056 Total 175, , , , , ,219 Ending Argentina 15,976 16,473 22,606 21,760 16,186 24,400 Brazil 16,658 16,641 18,190 18,902 10,547 16,847 China 4,700 4,573 2,700 4,245 9,008 10,048 United States 6,960 12,229 15,617 5,580 3,761 5,715 EU , Other 2,422 2,558 2,654 1,646 1,576 1,967 Total 47,473 53,207 62,885 52,947 41,638 59,727 Most countries are on an October/September Marketing Year (MY). The United States, Mexico, and Thailand are on a September/August MY. Canada is on an August/July MY. Paraguay is on a March/ruary MY and Turkey is on an March/ruary MY.

10 Table 08: Soybean Meal: World Supply and Distribution 2004/ / / /08 United States 36,936 37,416 39,037 38,360 35,475 36,764 China 24,026 27,296 28,465 31,280 32,475 35,558 Argentina 21,601 25,012 26,061 27,070 24,954 27,600 Brazil 22,740 21,920 24,110 24,890 25,200 24,500 EU-27 11,300 10,760 11,550 11,715 10,131 9,848 India 4,015 4,782 5,280 6,521 5,985 6,065 Mexico 2,958 3,015 3,075 2,814 2,727 2,800 Other 15,496 15,615 16,353 15,774 16,007 17,508 Total 139, , , , , ,643 EU-27 21,910 22,829 22,213 24,074 20,980 22,800 Indonesia 1,849 2,071 2,237 2,429 2,339 2,600 Vietnam 1,152 1,722 2,373 2,439 2,300 2,500 Thailand 1,730 2,042 2,275 1,935 2,160 2,208 Korea, South 1,462 1,773 1,870 1,760 1,813 1,850 Japan 1,503 1,601 1,737 1,747 1,812 1,700 Mexico 1,251 1,728 1,780 1,382 1,497 1,450 Philippines 1,377 1,374 1,357 1,213 1,200 1,450 Canada 1,145 1,342 1,415 1,511 1,251 1,345 Venezuela ,063 1,050 1,100 Other 11,781 13,852 14,484 14,748 14,658 15,066 Total 45,917 51,160 52,601 54,301 51,060 54,069 Argentina 20,650 24,222 25,625 26,816 23,998 26,950 Brazil 14,256 12,895 12,715 12,138 13,000 12,000 United States 6,659 7,301 7,987 8,384 7,718 9,072 India 1,794 3,679 3,461 4,790 3,158 3,200 Paraguay 1, ,117 1,167 1,064 Other 3,239 3,040 3,388 2,530 2,992 2,835 Total 47,680 51,781 53,973 55,775 52,033 55,121 China 23,437 27,776 27,630 30,849 31,673 34,928 EU-27 32,680 32,875 33,228 35,169 31,579 32,020 United States 30,446 30,114 31,166 30,148 27,891 27,760 Brazil 8,960 9,328 11,118 12,257 12,440 12,700 Mexico 4,208 4,751 4,871 4,220 4,170 4,300 Japan 3,978 3,846 3,992 4,007 3,769 3,848 Thailand 2,936 3,183 3,348 3,229 3,275 3,373 India 1,426 1,525 1,852 2,056 2,483 2,890 Indonesia 1,839 2,085 2,236 2,420 2,333 2,600 Korea, South 2,196 2,381 2,661 2,515 2,552 2,549 Vietnam 1,152 1,722 2,373 2,439 2,300 2,500 Canada 2,286 2,392 2,476 2,485 2,185 2,300 Iran 1,113 1,504 1,612 1,873 1,824 1,938 Russia 960 1,140 1,444 1,560 1,646 1,770 Taiwan 1,700 1,800 1,750 1,555 1,609 1,644 Other 17,375 19,119 20,487 20,546 20,821 22,301 Total 136, , , , , ,421 Ending Brazil 1,577 1,469 1,913 2,588 2,453 2,405 Argentina 1,423 1,647 1,504 1,138 1,464 1,441 India EU , United States Other 1,677 1,494 1, Total 6,572 6,226 6,541 6,163 5,594 5,764 Most countries are on an October/September Marketing Year (MY). The Mexico and Thailand are on a September/August MY. Canada is on an August/July MY. Paraguay is on a March/ruary MY. Vietnam and the Philippines are on a January/December MY and Bolivia is on a March/ruary MY.

11 Table 09: Soybean Oil: World Supply and Distribution 2004/ / / /08 United States 8,782 9,248 9,294 9,335 8,503 8,691 China 5,421 6,149 6,410 7,045 7,314 8,008 Argentina 5,128 5,998 6,424 6,627 6,124 6,775 Brazil 5,630 5,430 5,970 6,160 6,240 6,060 EU-27 2,575 2,460 2,640 2,667 2,314 2,250 India 900 1,070 1,180 1,458 1,340 1,362 Mexico Other 3,560 3,590 3,756 3,615 3,643 3,979 Total 32,631 34,615 36,359 37,543 36,087 37,751 China 1,728 1,516 2,404 2,727 2,494 2,400 India 2,026 1,727 1, , EU , Morocco Algeria Egypt Iran Venezuela Bangladesh Korea, South Other 2,727 2,797 2,722 3,016 2,413 2,668 Total 8,883 9,091 9,929 10,395 8,854 8,908 Argentina 4,757 5,597 5,970 5,786 4,707 5,175 United States , ,474 Brazil 2,414 2,466 2,462 2,388 1,910 1,425 Paraguay EU Bolivia Russia Other Total 9,171 9,844 10,566 10,869 9,063 9,340 China 7,203 7,607 8,670 9,693 9,486 10,346 United States 7,911 8,147 8,426 8,317 7,432 7,485 Brazil 3,060 3,113 3,395 3,920 4,274 4,755 EU-27 2,210 2,915 3,368 3,377 2,779 2,610 India 2,627 2,933 2,600 2,300 2,330 2,243 Argentina ,405 1,645 Mexico Egypt Japan Iran Korea, South Morocco Venezuela Algeria Taiwan Other 3,899 4,107 4,243 4,203 3,895 4,149 Total 31,615 33,567 35,698 37,608 35,814 37,666 Ending United States 771 1,365 1,399 1,127 1,244 1,010 China Brazil India EU Other 1,117 1, Total 3,236 3,531 3,555 3,016 3,080 2,733 Most countries are on an October/September Marketing Year (MY). Mexico is on a September/August MY. Peru is on an January/December MY and Paraguay and Bolivia are on a March/ruary MY.

12 Table 10: Soybeans and Products: World Trade Meal, Soybean Oil, Soybean Oilseed, Soybean Marketing Year 2007/ / /08 North America 8 7,806 9, ,034 1, ,942 40,102 Canada (Aug-Jul) ,753 2,017 2,000 United States (Sep-Aug) 8,384 7,718 9,072 1, ,474 31,538 34,925 38,102 South America 14,106 1,167 41,064 2, ,050 45,480 2,400 40,137 Argentina (Oct-Sep) 26,816 23,998 26,950 5,786 4,707 5,175 13,837 5,588 7,850 Brazil (Oct-Sep) 12,138 13,000 12,000 2,388 1,910 1,425 25,364 29,986 25,300 Paraguay (Mar-) 1,117 1,167 1, ,400 2,400 5,300 South Asia 1 1 3, India (Oct-Sep) 4,790 3,158 3, Other 41,660 43,059 1,653 8,020 7, ,046 37,452 1,145 World Total 55,775 52,033 55,121 10,869 9,063 9,340 79,526 76,794 81,389 European Union , ,000 East Asia 230 1,813 3, ,865 5,288 1,167 49,945 China (Oct-Sep) ,727 2,494 2,400 37,816 41,098 42,500 Japan (Oct-Sep) 1,747 1,812 1, ,014 3,396 3,950 Korea, South (Oct-Sep) 1,760 1,813 1, ,232 1,167 1,200 Taiwan (Oct-Sep) ,148 2,216 2,250 Southeast Asia 4,092 8,954 9, , ,208 Indonesia (Oct-Sep) 2,429 2,339 2, ,147 1,393 1,600 Malaysia (Oct-Sep) Philippines (Jan-Dec) 1,213 1,200 1, Thailand (Sep-Aug) 1,935 2,160 2, ,753 1,510 1,705 Vietnam (Jan-Dec) 2,439 2,300 2, North America 1,382 2,828 2, ,074 4,094 Canada (Aug-Jul) 1,511 1,251 1, Mexico (Sep-Aug) 1,382 1,497 1, ,584 3,327 3,500 South America , ,011 3, Brazil (Oct-Sep) Colombia (Oct-Sep) Central America Caribbean Middle East , ,312 2,704 3,550 Iran (Oct-Sep) 891 1, , ,070 Israel (Oct-Sep) Syria (Jan-Dec) Turkey (Nov-Oct) , ,280 North Africa 1,598 1,621 1, ,190 1,470 1,961 1,925 Egypt (Oct-Sep) ,061 1,575 1,500 Other 45,907 35,145 3,652 8,922 7,422 1,774 62,217 67,224 1,656 World Total 54,301 51,060 54,069 10,395 8,854 8,908 78,121 77,170 79,575

13 Table 11: Palm Oil: World Supply and Distribution 2004/ / / /08 Indonesia 13,560 15,560 16,600 18,000 19,500 20,750 Malaysia 15,194 15,485 15,290 17,567 17,259 18,500 Thailand ,170 1,050 1,200 1,300 Nigeria Colombia Other 2,451 2,509 2,593 2,669 2,873 2,982 Total 33,462 35,828 37,233 40,936 42,412 45,132 India 3,525 2,899 3,650 5,015 6,867 6,650 China 4,319 4,975 5,139 5,223 6,118 6,300 EU-27 4,028 4,272 4,407 4,694 5,150 4,800 Pakistan 1,565 1,703 2,218 2,219 2,200 2,250 United States , Bangladesh Egypt Iran Malaysia Japan Other 7,827 8,679 8,640 9,618 9,544 9,936 Total 24,167 26,450 27,625 30,737 34,314 34,554 Malaysia 12,684 12,931 12,900 14,644 16,000 15,800 Indonesia 9,621 11,696 11,419 13,969 14,650 15,680 Benin Papua New Guinea United Arab Emirates Other 1,729 1,776 2,271 2,495 2,339 2,574 Total 24,647 27,205 27,503 32,297 34,210 35,323 India 3,406 3,124 3,671 5,065 6,475 6,800 China 4,318 4,974 5,138 5,222 5,618 6,330 Indonesia 4,025 4,255 4,542 4,664 4,875 5,005 EU-27 3,916 4,151 4,256 4,392 4,693 4,648 Malaysia 2,659 2,926 3,109 2,886 2,620 3,140 Pakistan 1,560 1,708 2,218 2,219 2,200 2,250 Nigeria 1,085 1,085 1,155 1,190 1,190 1,205 United States Thailand Bangladesh Egypt Iran Colombia Japan Vietnam Other 7,788 8,156 8,163 8,561 8,631 8,851 Total 32,679 34,974 37,061 39,422 41,789 44,170 Ending Malaysia 1,507 1,881 1,462 1,961 1,300 1,560 Indonesia 1, , EU China India Other 804 1,048 1, ,123 1,130 Total 3,772 3,871 4,165 4,119 4,846 5,039

14 Table 12: Rapeseed and Products: World Supply and Distribution Meal, Rapeseed Oil, Rapeseed Oilseed, Rapeseed Marketing Year 2007/ / /08 China (Oct-Sep) 6,856 8,325 8,865 3,870 4,700 5,006 10,573 12,100 13,200 India (Oct-Sep) 3,120 3,260 3,709 1,968 2,058 2,341 5,450 7,000 6,600 Canada (Aug-Jul) 2,440 2,490 2,620 1,675 1,740 1,820 9,601 12,643 11,800 Japan (Oct-Sep) 1,275 1,249 1, EU-27 (Jul-Jun) 10,500 11,687 12,780 7,575 8,431 9,213 18,358 19,013 21,425 Other 3,489 3,853 4,065 2,344 2,553 2,709 4,533 7,455 6,433 World Total 27,680 30,864 33,277 18,334 20,366 21,965 48,516 58,212 59,459 China (Oct-Sep) ,034 1,500 India (Oct-Sep) Canada (Aug-Jul) Japan (Oct-Sep) ,257 2,123 2,200 EU-27 (Jul-Jun) ,342 2,000 Other 3,111 3,016 3,138 1,395 1,362 1,485 3,620 3,563 3,923 World Total 3,556 3,557 3,543 2,021 2,442 2,418 7,573 12,203 9,773 China (Oct-Sep) India (Oct-Sep) 1, Canada (Aug-Jul) 1,857 1,861 1,920 1,307 1,527 1,540 5,775 7,898 6,500 Japan (Oct-Sep) EU-27 (Jul-Jun) Other ,950 4,063 3,418 World Total 3,652 3,466 3,713 1,927 2,382 2,453 8,125 12,063 10,123 China (Oct-Sep) 7,069 8,317 8,885 4,139 4,853 5,173 11,378 13,740 14,650 India (Oct-Sep) 1,990 2,350 2,920 1,967 2,055 2,352 5,866 6,140 6,961 Canada (Aug-Jul) ,352 4,667 4,950 Japan (Oct-Sep) 1,307 1,354 1, ,250 2,205 2,185 EU-27 (Jul-Jun) 10,413 11,692 12,730 7,774 8,539 9,355 19,129 21,274 23,250 Other 6,233 6,408 6,570 3,244 3,198 3,436 6,102 6,783 7,174 World Total 27,605 30,751 33,125 18,412 19,919 21,615 49,077 54,809 59,170 Ending China (Oct-Sep) ,394 1,444 India (Oct-Sep) Canada (Aug-Jul) ,462 1,661 2,141 Japan (Oct-Sep) EU-27 (Jul-Jun) ,944 1,919 Other , World Total ,251 3,547 7,090 7,029 2/12/2010 1:39:44 PM

15 Table 13: Sunflowerseed and Products World Supply and Distribution Oilseed, Sunflowerseed Meal, Sunflowerseed Oil, Sunflowerseed Marketing Year 2007/ / /08 Argentina (Mar-) 4,650 2,900 2,300 1,785 1,470 1,100 1,750 1,440 1,075 Russia (Sep-Aug) 5,650 7,350 6,425 1,917 2,306 2,227 2,130 2,565 2,476 Turkey (Sep-Aug) Ukraine (Sep-Aug) 4,200 7,000 6,500 1,700 2,594 2,476 1,726 2,632 2,513 EU-27 (Oct-Sep) 4,799 6,940 6,825 2,440 3,210 3,275 1,773 2,335 2,383 Other 7,025 8,010 7,849 2,191 2,529 2,594 1,924 2,249 2,287 World Total 27,024 33,030 30,749 10,516 12,561 12,170 9,847 11,730 11,292 Argentina (Mar-) Russia (Sep-Aug) Turkey (Sep-Aug) Ukraine (Sep-Aug) EU-27 (Oct-Sep) ,548 2,493 1,750 1,184 1, Other ,060 1,280 1,448 1,005 2,513 2,268 World Total 1,246 1,795 1,676 2,845 4,082 3,613 2,660 3,989 3,703 Argentina (Mar-) , ,219 1, Russia (Sep-Aug) Turkey (Sep-Aug) Ukraine (Sep-Aug) ,273 2,209 2,050 1,325 2,098 2,100 EU-27 (Oct-Sep) Other World Total 1,412 2,199 1,832 3,203 4,214 3,850 3,364 4,504 4,198 Argentina (Mar-) 4,360 3,610 2, Russia (Sep-Aug) 5,648 6,917 6,615 1,301 1,329 1,343 1,885 1,918 1,960 Turkey (Sep-Aug) 1,277 1,216 1, Ukraine (Sep-Aug) 4,133 6,287 6, EU-27 (Oct-Sep) 4,990 6,729 6,870 3,962 5,382 5,126 2,901 3,158 3,172 Other 6,633 7,629 7,876 3,111 3,647 3,882 2,653 4,134 4,380 World Total 27,041 32,388 31,392 10,125 12,135 12,244 8,944 10,747 11,182 Ending Argentina (Mar-) 1,665 1, Russia (Sep-Aug) Turkey (Sep-Aug) Ukraine (Sep-Aug) EU-27 (Oct-Sep) Other World Total 2,564 2,802 2, ,

16 Table 14: Minor Vegetable Oil Supply and Distribution Oil, Peanut Oil, Cottonseed Oil, Olive Marketing Year 2007/ / /08 China (Oct-Sep) 2,020 2,174 1,960 1,625 1,600 1,508 India (Oct-Sep) 1,675 1,545 1,255 1,062 1,030 1,032 Turkey (Nov-Oct) United States (Aug-Jul) EU-27 (Oct-Sep) ,170 2,250 2,250 Other 1,109 1,169 1,168 1,916 1,741 1, World Total 4,896 4,973 4,469 5,218 4,835 4,720 2,839 2,968 2,988 China (Oct-Sep) India (Oct-Sep) Turkey (Nov-Oct) United States (Aug-Jul) EU-27 (Oct-Sep) Other World Total China (Oct-Sep) India (Oct-Sep) Turkey (Nov-Oct) United States (Aug-Jul) EU-27 (Oct-Sep) Other World Total China (Oct-Sep) 2,016 2,184 1,956 1,621 1,595 1,505 India (Oct-Sep) 1,612 1,425 1,360 1,054 1,038 1,029 Turkey (Nov-Oct) United States (Aug-Jul) EU-27 (Oct-Sep) ,060 2,060 2,040 Other 1,025 1,037 1,060 1,905 1,737 1, World Total 4,864 4,827 4,585 5,086 4,785 4,642 2,918 2,946 2,934 Ending China (Oct-Sep) India (Oct-Sep) Turkey (Nov-Oct) United States (Aug-Jul) EU-27 (Oct-Sep) Other World Total

17 Table 15: World Oilseeds and Products Supply and Distribution Million Metric Tons Area Harvested Beginning Total Supply Food Use Dom. Domestic Consumpti Ending Major Oilseeds 1996/ / / / / / / / / / / / Major Protien Meals 1996/ / / / / / / / / / / / Major Vegetable Oils 1996/ / / / / / / / / / / / Based on the aggregate of different marketing years

18 Table 16: World: Soybeans and Products Supply and Distribution Million Metric Tons Area Harvested Beginning Total Supply Crush Domestic Consumpti Ending Oilseed, Soybean 1996/ / / / / / / / / / / / Meal, Soybean 1996/ / / / / / / / / / / / Oil, Soybean 1996/ / / / / / / / / / / / Based on the aggregate of different marketing years, primarily Ocober through September.

19 Table 17: World: Rapeseed and Products Supply and Distribution Million Metric Tons Area Harvested Beginning Total Supply Food Use Dom. Domestic Consumpti Ending Oilseed, Rapeseed 1996/ / / / / / / / / / / / Meal, Rapeseed 1996/ / / / / / / / / / / / Oil, Rapeseed 1996/ / / / / / / / / / / / Based on the aggregate of different marketing years.

20 Table 18: World: Sunflower and Products Supply and Distribution Million Metric Tons Area Harvested Beginning Domestic Consumpti Ending Oilseed, Sunflowerseed 1996/ / / / / / / / / / / / Meal, Sunflowerseed 1996/ / / / / / / / / / / / Oil, Sunflowerseed 1996/ / / / / / / / / / / / Based on the aggregate of different marketing years, primarily September through August.

21 Table 19: World: Palm Oil, Coconut Oil, and Fish Meal Supply and Distribution Million Metric Tons Beginning Total Supply Industrial Dom. Food Use Dom. Domestic Consumpti Ending Oil, Palm 1996/ / / / / / / / / / / / Oil, Coconut 1996/ / / / / / / / / / / / Meal, Fish 1996/ / / / / / / / / / / / Based on the aggregate of different marketing years.

22 Table 20: United States Oilseeds and Products Supply and Distribution Local Marketing Year Area Harvested Beginning Total Supply Crush Domestic Consumpti Ending Major Oilseeds 1996/97 32,555 6,051 74, ,399 24,753 44,126 51,992 4, /98 35,351 4,654 83, ,421 24,555 48,887 57,421 6, /99 35,275 6,445 84, ,507 22,722 47,813 58,005 10, /00 37,149 10,780 82, ,854 27,395 47,905 57,474 8, /01 36,805 8,985 84, ,693 27,976 49,189 58,898 7, /02 37,323 7,819 89, ,304 29,965 50,631 61,466 6, /03 36,284 6,873 83, ,358 29,433 47,505 56,090 5, /04 36,041 5,835 76, ,942 25,158 45,539 53,632 4, /05 36,808 4,152 95, ,777 30,708 50,167 61,780 8, /06 36,587 8,289 95, ,623 26,611 51,897 63,811 14, /07 36,962 14,201 96,843 1, ,077 31,647 53,483 63,407 17, /08 31,970 17,023 82,453 1, ,741 33,045 53,495 60,787 6,909 35,265 6,909 89,201 1,295 97,405 35,802 49,354 55,984 5,619 35,591 5,619 98, ,566 39,037 50,587 59,459 7,070 Major Protien Meals 1996/ ,796 1,052 35,100 6,706 44,126 28, / ,470 1,355 39,054 8,958 48,887 29, / ,777 1,221 38,297 7,223 47,813 30, / ,724 1,242 38,299 7,131 47,905 30, / ,250 1,162 39,709 7,607 49,189 31, / ,901 1,060 40,357 7,524 50,631 32, / ,592 1,200 38,078 5,922 47,505 31, / ,207 1,845 37,298 4,933 45,539 32, / ,257 1,521 41,051 6,970 50,167 33, / ,939 1,655 41,809 7,611 51,897 33, / ,485 1,701 43,547 8,264 53,483 34, / ,904 1,979 43,268 8,710 53,495 34, ,776 1,847 39,957 7,948 49,354 31, ,987 2,037 41,270 9,376 50,587 31, Major Vegetable Oils 1996/97 0 1,151 8,350 1,553 11,054 1,516 44,126 8, / ,537 1,644 12,123 2,043 48,887 9, / ,411 1,410 11,804 1,635 47,813 9, / ,394 1,522 11,914 1,126 47,905 9,573 1, /01 0 1,215 9,533 1,683 12,431 1,047 49,189 9,745 1, /02 0 1,639 9,663 1,627 12,929 1,549 50,631 10,075 1, /03 0 1,305 9,184 1,543 12,032 1,238 47,505 9, / ,765 1,911 11, ,539 10, / ,754 1,841 12, ,167 10,428 1, /06 0 1,124 10,383 2,379 13, ,897 11,190 1, /07 0 1,797 10,409 2,527 14,733 1,333 53,483 11,659 1, /08 0 1,741 10,527 3,109 15,377 1,679 53,495 12,234 1, ,464 9,651 3,230 14,345 1,457 49,354 11,208 1, ,680 9,759 3,256 14,695 1,836 50,587 11,473 1,386 Based on the aggregate of different marketing years

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