Soybean Oil Prices Diverge on Different Supply Situations

Transcription

1 United States Department of Agriculture Foreign Agricultural Service Circular Series FOP October 2009 Soybean Oil Prices Diverge on Different Supply Situations Soybean Oil Price ($/ton) $900 $850 $800 $750 $700 $650 $600 3-Aug 10-Aug 17-Aug 24-Aug 31-Aug 7-Sep 14-Sep 21-Sep 28-Sep Brazil Argentina US US soybean oil prices have fallen significantly below those in South America over the past 6 weeks indicative of ample US supplies in contrast to a growing tightness in Argentina and Brazil. US prices have declined 13 percent since early August as large stocks and growing prospects for record soybean production boost available supplies. Weak domestic demand, which has fallen steadily since 2005/06, is also contributing to the lower prices. In contrast, growing demand in Argentina and Brazil, particularly in the manufacture of biofuels, has kept their prices above US levels. In addition, limited supplies of soybeans available for crush, has further reduced potential soybean oil availability adding to recent price strength, particularly in Argentina. Lower prices have raised the competitiveness vis-à-vis Argentina and Brazil and therefore, US soybean oil exports are forecast to reach a record 1.5 million tons. Approved by the World Agricultural Outlook Board/USDA

2 PRICES U.S. soybean export bids, FOB Gulf, in the first week in October averaged $380 per ton. The moderate drop in prices is largely attributed to market expectations of a record crop supported by higher yields despite reported harvest delays. As of week-ending October 1, 2009, U.S. soybean sales commitments (outstanding sales plus accumulated exports) to China totaled 12.5 million tons, compared to 7.7 million a year ago. Total commitments to the world amounted to 20.6 million tons compared to 11.0 million the same period last year. TRADE CHANGES IN U.S. Gulf/FOB ($/Metric ton) Oct-07 Dec-07 U.S. Gulf Soybean Export Bids Feb-08 Apr-08 Jun-08 Aug-08 Oct-08 Dec-08 Feb-09 Apr-09 Jun-09 Aug-09 Oct-09 U.S. soybean exports are boosted 0.7 million tons to a record 35.5 million supported by strong early commitments and reduced competition. Brazil s soybean exports are cut 0.8 million tons to 23.7 million with prospects of larger domestic use. Paraguay s soybean exports are boosted 0.9 million tons to 4.9 million supported by larger exportable supplies and greater prospects of exports to Europe. China s soybean imports are boosted 1.0 million tons to 39.5 million to offset the lower domestic crop and stronger crush demand. India s palm oil imports are up 0.8 million tons to 6.4 million with prospects of continued strong demand.

3 Table 01: Major Oilseeds: World Supply and Distribution (Commodity View) Million Metric Tons 2005/ /07 Sep Oct 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 2005/ /07 Sep Oct 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 2005/ /07 Sep Oct 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 2005/ /07 Sep Oct United States Brazil Argentina China India Other Total China EU Japan Mexico Taiwan Turkey Indonesia Thailand Korea, South Egypt Other Total United States Brazil Argentina Canada Paraguay Ukraine China Other Crush Total China United States EU Argentina Brazil India Russia Indonesia Canada Ukraine Mexico Malaysia Pakistan 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 2005/ /07 Sep Oct China United States Argentina EU Brazil Other Total EU Korea, South Vietnam Indonesia Thailand United States Japan Other Total Argentina Brazil United States India Indonesia Canada Malaysia 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 EU India 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 2005/ /07 Sep Oct 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 United States Ukraine Brazil Canada Other Total China EU India United States Indonesia Malaysia Brazil Pakistan Russia Japan Mexico Argentina Egypt Nigeria Turkey Other Total Ending EU Malaysia United States Indonesia India 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 2005/ /07 Sep Oct United States 83,507 87,001 72,859 80,749 88,322 88,454 Brazil 57,000 59,000 61,000 57,000 62,000 62,000 Argentina 40,500 48,800 46,200 32,000 51,000 52,500 China 16,350 15,967 14,000 15,500 15,000 14,500 India 7,000 7,690 9,470 9,100 9,000 9,000 Paraguay 3,640 5,856 6,900 3,900 5,750 6,700 Canada 3,161 3,460 2,700 3,300 3,500 3,500 Other 9,512 9,337 8,004 9,090 9,363 9,413 Total 220, , , , , ,067 China 28,317 28,726 37,816 40,700 38,500 39,500 EU-27 13,937 15,291 15,123 13,000 12,400 12,400 Japan 3,962 4,094 4,014 3,450 3,950 3,950 Mexico 3,667 3,844 3,614 3,100 3,535 3,535 Taiwan 2,498 2,436 2,149 1,830 2,250 2,250 Thailand 1,473 1,532 1,753 1,500 1,705 1,705 Indonesia 1,187 1,309 1,147 1,200 1,600 1,600 Turkey 1,078 1,268 1, ,280 1,280 Egypt 776 1,328 1,061 1,200 1,230 1,230 Korea, South 1,190 1,231 1,232 1,130 1,200 1,200 Other 6,044 8,003 8,976 7,175 7,394 7,494 Total 64,129 69,062 78,162 75,235 75,044 76,144 United States 25,579 30,386 31,538 34,836 34,836 35,516 Brazil 25,911 23,485 25,364 29,986 24,450 23,650 Argentina 7,249 9,559 13,837 5,885 9,700 9,700 Paraguay 2,380 4,361 5,400 2,400 3,970 4,900 Canada 1,326 1,683 1,753 1,975 2,000 2,000 Other 1,359 1,836 1,627 1,845 2,085 2,085 Crush Total 63,804 71,310 79,519 76,927 77,041 77,851 United States 47,324 49,198 49,081 45,234 45,994 45,994 China 34,500 35,970 39,518 41,035 43,400 43,800 Argentina 31,888 33,586 34,607 31,725 35,500 35,000 Brazil 28,285 31,109 32,114 31,400 31,600 31,600 EU-27 13,670 14,670 14,870 12,700 12,100 12,100 India 5,990 6,615 8,170 7,500 8,000 8,000 Mexico 3,823 3,900 3,675 3,215 3,615 3,615 Japan 2,820 2,925 2,890 2,540 2,750 2,750 Taiwan 2,190 2,161 1,965 1,625 1,970 1,970 Paraguay 1,181 1,355 1,400 1,500 1,550 1,550 Russia ,051 1,497 1,450 1,520 Thailand 1,413 1,406 1,514 1,425 1,497 1,497 Canada 1,497 1,524 1,383 1,286 1,375 1,375 Iran 1,254 1,000 1, ,280 1,280 Bolivia 1,843 1,670 1,160 1,260 1,210 1,210 Other 6,835 7,765 7,296 7,191 7,721 7,763 Total 185, , , , , ,024 Ending Argentina 16,473 22,606 21,760 16,075 19,910 22,750 Brazil 16,641 18,190 18,902 11,600 14,895 15,465 China 4,573 2,700 4,245 8,690 7,590 8,140 United States 12,229 15,617 5,580 3,761 5,995 6,254 EU , Other 2,558 2,654 1,607 1,417 1,548 1,595 Total 53,207 62,885 52,908 42,051 50,528 54,794 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/February MY and Turkey is on an March/February MY.

10 Table 08: Soybean Meal: World Supply and Distribution 2005/ /07 Sep Oct United States 37,416 39,037 38,360 35,567 36,500 36,501 China 27,296 28,465 31,280 32,475 34,347 34,663 Argentina 25,012 26,061 27,070 24,810 27,766 27,370 Brazil 21,920 24,110 24,890 24,330 24,490 24,490 EU-27 10,760 11,550 11,715 10,005 9,532 9,532 India 4,782 5,280 6,521 5,985 6,383 6,383 Mexico 3,015 3,075 2,900 2,530 2,850 2,850 Other 15,615 16,362 15,786 15,233 16,535 16,622 Total 145, , , , , ,411 EU-27 22,829 22,213 24,074 21,800 23,300 22,800 Indonesia 2,071 2,237 2,429 2,450 2,600 2,600 Vietnam 1,722 2,373 2,439 2,300 2,500 2,500 Thailand 2,042 2,275 1,934 2,100 2,208 2,208 Korea, South 1,773 1,870 1,760 1,850 1,850 1,850 Japan 1,601 1,737 1,747 1,800 1,700 1,700 Mexico 1,728 1,780 1,401 1,500 1,485 1,485 Philippines 1,374 1,357 1,213 1,315 1,450 1,450 Canada 1,342 1,415 1,511 1,275 1,345 1,345 Venezuela ,063 1,050 1,100 1,100 Other 13,852 14,481 14,751 14,186 15,022 14,972 Total 51,160 52,598 54,322 51,626 54,560 54,010 Argentina 24,222 25,637 26,816 24,350 27,112 26,720 Brazil 12,895 12,715 12,138 13,000 12,000 12,000 United States 7,301 7,987 8,384 7,802 8,709 8,709 India 3,679 3,461 4,790 3,150 3,900 3,900 Paraguay ,117 1,167 1,064 1,064 Other 3,040 3,388 2,530 2,897 2,486 2,471 Total 51,781 53,985 55,775 52,366 55,271 54,864 China 27,776 27,630 30,849 31,667 33,867 34,183 EU-27 32,875 33,228 35,169 32,078 32,542 32,042 United States 30,114 31,166 30,148 27,851 27,941 27,942 Brazil 9,328 11,118 12,257 12,440 12,600 12,600 Mexico 4,751 4,871 4,350 4,020 4,316 4,316 Japan 3,846 3,992 4,007 3,769 3,818 3,848 Thailand 3,183 3,348 3,228 3,225 3,373 3,373 India 1,525 1,852 2,056 2,483 2,648 2,648 Indonesia 2,085 2,236 2,420 2,444 2,600 2,600 Korea, South 2,381 2,661 2,515 2,552 2,549 2,549 Vietnam 1,722 2,373 2,439 2,300 2,500 2,500 Canada 2,392 2,476 2,485 2,205 2,300 2,300 Iran 1,504 1,612 1,873 1,546 1,938 1,938 Russia 1,140 1,444 1,560 1,647 1,605 1,650 Taiwan 1,800 1,750 1,555 1,426 1,634 1,634 Other 19,119 20,505 20,561 20,215 21,500 21,502 Total 145, , , , , ,625 Ending Brazil 1,469 1,913 2,588 1,583 2,220 1,625 Argentina 1,647 1,480 1, , EU , India United States Other 1,494 1, Total 6,226 6,517 6,114 4,441 5,114 4,373 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/February MY. Vietnam and the Philippines are on a January/December MY and Bolivia is on a March/February MY.

11 Table 09: Soybean Oil: World Supply and Distribution 2005/ /07 Sep Oct United States 9,248 9,294 9,335 8,527 8,700 8,700 China 6,149 6,410 7,045 7,314 7,736 7,807 Argentina 5,998 6,424 6,627 6,090 6,820 6,717 Brazil 5,430 5,970 6,160 6,020 6,060 6,060 EU-27 2,460 2,640 2,667 2,285 2,178 2,178 India 1,070 1,180 1,458 1,340 1,428 1,428 Mexico Other 3,590 3,756 3,615 3,486 3,788 3,807 Total 34,615 36,359 37,554 35,627 37,346 37,333 China 1,516 2,404 2,727 2,300 2,400 2,400 India 1,727 1, , EU , Morocco Algeria Egypt Iran Bangladesh Venezuela Korea, South Other 2,792 2,716 3,022 2,585 2,966 2,716 Total 9,086 9,879 10,401 8,928 9,401 9,181 Argentina 5,597 5,970 5,789 4,789 5,380 5,300 Brazil 2,466 2,462 2,388 1,965 1,700 1,700 United States , ,474 1,474 Paraguay EU Bolivia China Other Total 9,844 10,566 10,871 9,120 9,663 9,585 China 7,607 8,670 9,693 9,486 10,041 10,157 United States 8,147 8,426 8,317 7,393 7,484 7,485 Brazil 3,133 3,475 3,905 4,244 4,410 4,410 EU-27 2,915 3,368 3,377 2,845 2,823 2,790 India 2,933 2,598 2,300 2,330 2,293 2,293 Argentina ,265 1,425 1,425 Mexico Egypt Japan Iran Korea, South Morocco Bangladesh Venezuela Algeria Other 4,222 4,289 4,205 4,040 4,439 4,229 Total 33,582 35,782 37,604 35,776 37,293 37,197 Ending United States 1,365 1,399 1,127 1,304 1,182 1,079 Argentina China EU India Other Total 3,451 3,341 2,821 2,480 2,361 2,212 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/February MY.

12 Table 10: Soybeans and Products: World Trade Meal, Soybean Oil, Soybean Oilseed, Soybean Marketing Year North America 8,512 7,895 8,841 1,372 1,037 1,516 33,291 36,811 37,516 Canada (Aug-Jul) ,753 1,975 2,000 United States (Sep-Aug) 8,384 7,802 8,709 1, ,474 31,538 34,836 35,516 South America 40,922 39,447 40,669 8,636 7,179 7,409 45,480 39,327 39,387 Argentina (Oct-Sep) 26,816 24,350 26,720 5,789 4,789 5,300 13,837 5,885 9,700 Brazil (Oct-Sep) 12,138 13,000 12,000 2,388 1,965 1,700 25,364 29,986 23,650 Paraguay (Mar-Feb) 1,117 1,167 1, ,400 2,400 4,900 South Asia 4,791 3,151 3, India (Oct-Sep) 4,790 3,150 3, Other 1,550 1,873 1, World Total 55,775 52,366 54,864 10,871 9,120 9,585 79,519 76,927 77,851 European Union 0 21,800 22, ,000 12,400 East Asia 3,734 3,994 3,852 3,184 2,728 2,865 45,253 47,153 46,945 China (Oct-Sep) ,727 2,300 2,400 37,816 40,700 39,500 Japan (Oct-Sep) 1,747 1,800 1, ,014 3,450 3,950 Korea, South (Oct-Sep) 1,760 1,850 1, ,232 1,130 1,200 Taiwan (Oct-Sep) ,149 1,830 2,250 Southeast Asia 8,959 9,086 9, ,595 3,385 4,208 Indonesia (Oct-Sep) 2,429 2,450 2, ,147 1,200 1,600 Malaysia (Oct-Sep) Philippines (Jan-Dec) 1,213 1,315 1, Thailand (Sep-Aug) 1,934 2,100 2, ,753 1,500 1,705 Vietnam (Jan-Dec) 2,439 2,300 2, North America 3,040 2,866 2, ,192 3,893 4,183 Canada (Aug-Jul) 1,511 1,275 1, Mexico (Sep-Aug) 1,401 1,500 1, ,614 3,100 3,535 South America 4,259 4,104 4,384 1, ,011 3,757 1,844 1,326 Brazil (Oct-Sep) Colombia (Oct-Sep) Central America Caribbean Middle East 25 2,875 3, ,312 2,560 3,450 Iran (Oct-Sep) , ,070 Israel (Oct-Sep) Syria (Jan-Dec) Turkey (Nov-Oct) , ,280 North Africa 1,598 1,565 1,650 1,506 1,195 1,190 1,470 1,575 1,655 Egypt (Oct-Sep) ,061 1,200 1,230 Other 31,033 3,637 3,804 2,888 1,826 1,828 16,351 1,473 1,565 World Total 54,322 51,626 54,010 10,401 8,928 9,181 78,162 75,235 76,144

13 Table 11: Palm Oil: World Supply and Distribution 2005/ /07 Sep Oct Indonesia 15,560 16,600 18,000 19,500 20,750 20,750 Malaysia 15,485 15,290 17,567 17,500 18,500 18,500 Thailand 784 1,170 1,050 1,200 1,300 1,300 Colombia Nigeria Other 2,509 2,593 2,669 2,783 2,783 2,852 Total 35,828 37,233 40,936 42,581 45,083 45,042 India 2,899 3,800 4,950 6,300 5,600 6,400 China 4,975 5,139 5,223 5,850 6,000 6,000 EU-27 4,272 4,407 4,694 4,900 4,500 4,800 Pakistan 1,703 2,218 2,219 2,200 2,250 2,250 United States ,013 1,088 1,088 Bangladesh , Egypt Iran Malaysia Japan Other 8,679 8,640 9,618 9,609 10,118 9,996 Total 26,450 27,775 30,672 33,285 33,516 34,154 Malaysia 12,931 12,900 14,644 15,700 15,700 15,700 Indonesia 11,696 11,419 13,969 14,650 15,580 15,580 Benin Papua New Guinea United Arab Emirates Other 1,776 2,264 2,473 2,345 2,182 2,539 Total 27,205 27,496 32,275 33,916 34,144 35,088 India 3,124 3,770 5,030 5,890 6,040 6,440 China 4,974 5,138 5,222 5,550 6,000 6,030 Indonesia 4,255 4,542 4,664 4,875 5,005 5,005 EU-27 4,151 4,256 4,392 4,553 4,465 4,658 Malaysia 2,926 3,109 2,896 3,151 3,540 3,440 Pakistan 1,708 2,218 2,219 2,200 2,250 2,250 Nigeria 1,085 1,155 1,190 1,190 1,150 1,205 United States ,088 1,067 Thailand Bangladesh , Egypt Iran Colombia Japan Russia Other 7,947 8,057 8,303 8,555 9,990 8,861 Total 34,974 37,167 39,416 41,600 44,949 43,980 Ending Malaysia 1,881 1,462 1,951 1,300 1,360 1,360 Indonesia 702 1, , India EU China Other 1,048 1, , Total 3,871 4,216 4,133 4,483 3,855 4,611

14 Table 12: Rapeseed and Products: World Supply and Distribution Meal, Rapeseed Oil, Rapeseed Oilseed, Rapeseed Marketing Year China (Oct-Sep) 6,856 8,281 8,550 3,870 4,675 4,828 10,573 12,100 13,200 India (Oct-Sep) 3,120 3,560 3,770 1,968 2,245 2,378 5,450 7,000 7,100 Canada (Aug-Jul) 2,440 2,520 2,885 1,675 1,730 1,980 9,528 12,600 10,500 Japan (Oct-Sep) 1,275 1,249 1, EU-27 (Jul-Jun) 10,500 11,675 12,282 7,575 8,422 8,854 18,358 18,896 20,600 Other 3,417 3,752 4,156 2,302 2,533 2,773 4,384 7,294 6,409 World Total 27,608 31,037 32,881 18,292 20,489 21,689 48,294 57,891 57,810 China (Oct-Sep) , India (Oct-Sep) Canada (Aug-Jul) Japan (Oct-Sep) ,257 2,150 2,200 EU-27 (Jul-Jun) ,342 1,900 Other 3,111 3,026 3,318 1,403 1,345 1,503 3,609 3,618 4,265 World Total 3,556 3,553 3,803 2,029 2,330 2,253 7,562 12,115 9,365 China (Oct-Sep) India (Oct-Sep) 1, Canada (Aug-Jul) 1,857 1,861 2,190 1,307 1,527 1,680 5,775 7,486 6,100 Japan (Oct-Sep) EU-27 (Jul-Jun) Other ,020 4,319 3,468 World Total 3,595 3,595 3,938 1,931 2,358 2,608 8,195 11,907 9,923 China (Oct-Sep) 7,069 8,311 8,710 4,139 4,848 5,102 11,378 13,670 14,150 India (Oct-Sep) 2,040 2,450 2,920 1,967 2,200 2,366 5,866 6,640 7,061 Canada (Aug-Jul) ,279 4,912 5,250 Japan (Oct-Sep) 1,307 1,354 1, ,250 2,205 2,185 EU-27 (Jul-Jun) 10,413 11,680 12,222 7,774 8,519 9,025 19,129 21,164 22,335 Other 6,168 6,341 6,846 3,209 3,211 3,515 5,971 6,569 7,198 World Total 27,590 30,796 32,713 18,377 20,052 21,287 48,873 55,160 58,179 Ending China (Oct-Sep) ,300 1,100 India (Oct-Sep) Canada (Aug-Jul) ,462 1,779 1,159 Japan (Oct-Sep) EU-27 (Jul-Jun) ,937 1,752 Other World Total ,448 6,387 5,460 10/9/2009 8:40:35 AM

15 Table 13: Sunflowerseed and Products World Supply and Distribution Oilseed, Sunflowerseed Meal, Sunflowerseed Oil, Sunflowerseed Marketing Year Argentina (Mar-Feb) 4,650 2,900 3,740 1,606 1,568 1,550 1,576 1,525 1,510 Russia (Sep-Aug) 5,650 7,350 7,000 1,917 2,306 2,340 2,130 2,565 2,602 Turkey (Sep-Aug) Ukraine (Sep-Aug) 4,200 6,500 5,600 1,700 2,392 2,201 1,726 2,427 2,234 EU-27 (Oct-Sep) 4,799 6,962 6,800 2,440 3,210 3,302 1,773 2,335 2,403 Other 7,025 8,053 7,953 2,190 2,555 2,647 1,924 2,253 2,333 World Total 27,024 32,595 31,943 10,336 12,483 12,538 9,673 11,614 11,640 Argentina (Mar-Feb) Russia (Sep-Aug) Turkey (Sep-Aug) Ukraine (Sep-Aug) EU-27 (Oct-Sep) ,548 2,100 1,500 1,063 1,050 1,020 Other ,054 1,438 1,508 1,007 2,482 2,162 World Total 1,241 1,848 1,591 2,839 3,848 3,453 2,541 4,029 3,667 Argentina (Mar-Feb) , ,219 1,100 1,155 Russia (Sep-Aug) Turkey (Sep-Aug) Ukraine (Sep-Aug) ,273 2,050 1,570 1,325 2,100 1,700 EU-27 (Oct-Sep) Other World Total 1,407 2,061 1,647 3,203 4,252 3,722 3,364 4,582 4,158 Argentina (Mar-Feb) 3,887 3,785 3, Russia (Sep-Aug) 5,648 6,917 6,960 1,301 1,329 1,451 1,885 1,918 1,951 Turkey (Sep-Aug) 1,277 1,196 1, Ukraine (Sep-Aug) 4,133 5,803 5, EU-27 (Oct-Sep) 4,990 6,729 6,900 3,962 4,989 4,857 2,901 3,215 3,221 Other 6,632 7,701 7,956 3,104 3,834 3,953 2,635 4,185 4,198 World Total 26,567 32,131 32,223 10,056 11,832 12,389 8,926 10,870 11,094 Ending Argentina (Mar-Feb) 2,479 1,644 1, Russia (Sep-Aug) Turkey (Sep-Aug) Ukraine (Sep-Aug) EU-27 (Oct-Sep) Other World Total 3,378 3,629 3,

16 Table 14: Minor Vegetable Oil Supply and Distribution Oil, Peanut Oil, Cottonseed Oil, Olive Marketing Year China (Oct-Sep) 2,020 2,174 2,065 1,625 1,600 1,508 India (Oct-Sep) 1,675 1,545 1,255 1,062 1,030 1,045 Turkey (Nov-Oct) United States (Aug-Jul) EU-27 (Oct-Sep) ,170 2,250 2,250 Other 1,109 1,190 1,144 1,919 1,741 1, World Total 4,896 4,994 4,555 5,221 4,847 4,766 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 2,175 2,061 1,621 1,597 1,505 India (Oct-Sep) 1,612 1,425 1,360 1,054 1,038 1,040 Turkey (Nov-Oct) United States (Aug-Jul) EU-27 (Oct-Sep) ,060 2,060 2,070 Other 1,025 1,050 1,053 1,908 1,738 1, World Total 4,864 4,849 4,688 5,089 4,788 4,700 2,918 2,940 2,964 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 17,023 31,970 17,023 82,453 1, ,741 33,045 53,495 60,787 6,909 35,265 6,909 89,201 1,345 97,455 35,714 49,356 56,121 5,620 35,686 5,620 96,113 1, ,935 36,610 50,271 58,606 7,719 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, ,878 1,891 40,103 8,025 49,356 31, ,014 2,220 41,568 9,014 50,271 32, 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, ,741 10,527 3,109 15,377 1,679 53,495 12,234 1, ,464 9,673 3,119 14,256 1,457 49,356 11,102 1, ,697 9,896 3,372 14,965 1,841 50,271 11,666 1,458 Based on the aggregate of different marketing years