Weak Real to Boost Brazil s Soybean Exports in 2016

United States Department of Agriculture Foreign Agricultural Service October 2015 Weak Real to Boost Brazil s Soybean Exports in 2016 Brazil s exchange rate is having a significant impact on domestic and global soybean production and trade. Since early October 2014, the value of the real has declined 37 percent relative to the dollar. The current exchange rate, at roughly 4 reals per dollar, means that Brazilian producers are operating under a different set of price signals than their counterparts in the United States. While U.S. producers have seen the dollar value of soybeans decline 8 percent since last October, Brazilian producers have seen the price in reals rise to near record levels, equivalent to the nearly $15/bu U.S. producers experienced in May 2014. The strong soybean price in reals has allowed Brazilian exporters to be more flexible on prices. In addition, this attractive price will encourage further acreage expansion and increased soybean production. In 2016, Brazil s production is forecast to grow nearly 4 million tons over the previous year, while exports are forecast to expand by a similar amount. With limited import growth expected for China, these sales are expected to occur at the expense of U.S. suppliers. U.S. exports are currently forecast at 45.6 million tons in, down 4.6 million tons from last season. For an email subscription, click here to register: https://public.govdelivery.com/accounts/usdafas/subscriber/new Approved by the World Agricultural Outlook Board/USDA

OVERVIEW Global soybean production is raised this month as a larger forecast for Brazil more than compensates for reductions in India and Ukraine. U.S. production is down as lower area is partly offset by a higher yield. Trade is raised this month due to an increase in Brazil s exportable supplies, more than offsetting reductions in exports by the United States and Ukraine. Global exports remain at a record level. Global stocks are raised, reflecting a larger production and carry-over from last year. The U.S. season-average farm price is unchanged. Global soybean production is raised this month as larger estimates for Brazil and South Africa more than offset reductions for the United States, Paraguay, and India. Exports are raised on larger shipments from Brazil. Ending stocks are reduced in response to growing consumption and trade. SOYBEAN PRICES U.S. export bids, FOB Gulf, in August averaged $360/ton, down $14 from last month, reflecting ample supplies amid the onset of the harvest. As of the week ending October 1, U.S. soybean commitments (outstanding sales plus accumulated exports) to China totaled 9.2 million tons compared to 17.2 million a year ago. Total commitments to the world are 21.9 million tons, compared to 29.7 million for the same period last year. TRADE OUTLOOK United States soybean exports are reduced 1.4 million tons to 45.6 million in response to Brazil s increased supplies and strong competition. Brazil soybean exports are raised 2.0 million tons to 56.5 million reflecting an increase in exportable supplies and growing competitiveness resulting from a devalued real. Canada rapeseed exports are up 400,000 tons to 7.8 million reflecting a larger production forecast and expected increase in sales to China. China rapeseed imports are up 600,000 tons to 3.9 million on greater availability and a lower cottonseed use forecast. Egypt soybean imports are raised 100,000 tons to 2.1 million reflecting growing protein meal demand and expanding crush capacity. European Union o Soybean imports are up 100,000 tons to 13.6 million reflecting growing demand for protein meal.

o Sunflowerseed oil imports are raised 100,000 tons to 1.0 million on strong demand for soft oils and larger exportable supplies forecast for Ukraine. India soybean meal exports are down 325,000 tons to 1.7 million on tighter supplies, strong domestic use, and high prices relative to other exporters. Indonesia palm oil exports are raised 200,000 tons to 25.0 million on moderate year-to-year growth in exports. Pakistan soybean meal imports are raised 100,000 tons to 1.0 million on continuing strong demand for protein meal, despite import tariffs. Philippines soybean meal imports are down 250,000 tons to 2.4 million reflecting a slower rate of protein meal growth. Russia soybean imports are raised 100,000 tons to 2.0 million on strong domestic demand for protein meal. Thailand soybean imports are up 150,000 tons to 2.3 million on additional demand from the feed industry. Turkey soybean imports are up 200,000 tons to 2.3 million reflecting growing domestic requirements for protein meal. Ukraine o Sunflowerseed meal and oil exports grow 300,000 tons to 4.0 million each on larger exportable supplies due to an increase in forecast domestic crush. o Soybean exports are down 350,000 tons to 2.0 million reflecting a smaller production forecast. TRADE CHANGES based on trade data United States o Soybean exports are increased 229,000 tons to a record 50.2 million on final trade data. o Soybean meal exports are raised 136,000 tons to a record 12.0 million tons on strong yearto-date trade. Argentina soybean meal exports are down 500,000 tons to 28.0 million on slower end-of-year trade volume. Brazil o Soybean exports are up 1.1 million tons to 51.1 million on final trade data. o Soybean meal exports are reduced 310,000 tons to 14.4 million on final trade data. China palm oil imports are up 100,000 tons to 5.6 million. Egypt soybean imports are boosted 100,000 tons to 2.0 million. European Union o Soybean imports are raised 100,000 tons to 13.6 million. o Soybean meal imports are up 100,000 tons to 19.7 million. o Sunflowerseed meal imports are down 100,000 tons to 3.3 million. o Soybean oil exports are up 100,000 tons to 1.0 million. Indonesia o Palm oil exports are up 500,000 tons to 24.5 million. o Palm kernel meal exports are reduced 100,000 tons to 3.8 million. Malaysia o Palm oil imports are up 150,000 tons to 950,000. o Palm kernel meal exports are raised 100,000 tons to 2.5 million. Pakistan o Soybean meal imports are up 100,000 tons to 1.0 million.

o Rapeseed imports are down 100,000 tons to 925,000. Paraguay soybean exports are reduced 225,000 tons to 4.4 million. Philippines soybean meal imports are down 300,000 tons to 2.2 million. Russia sunflowerseed meal exports are reduced 100,000 tons to 1.4 million. Thailand soybean imports are up 150,000 tons to 2.2 million. Ukraine sunflowerseed meal exports are down 200,000 tons to 3.6 million. Questions may be directed to: Bill George (202) 720-6234 Bill.George@fas.usda.gov Rachel Trego (202) 720-1073 Rachel.Trego@fas.usda.gov Agata Kingsbury (202) 260-8910 Agata.Kingsbury@fas.usda.gov To download the tables in the publication, go to the Production, Supply and Distribution Database (PSD Online): (http://apps.fas.usda.gov/psdonline/psdhome.aspx), scroll down to Reports, and click the plus sign [+] next to Oilseeds. The Foreign Agricultural Service (FAS) updates its production, supply and distribution (PSD) database for cotton, oilseeds, and grains at 12:00 p.m. on the day the World Agricultural Supply and Demand Estimates (WASDE) report is released. This circular is released by 12:15 p.m. FAS Reports and Databases: Current World Markets and Trade and World Agricultural Production Reports: http://apps.fas.usda.gov/psdonline/psddatapublications.aspx Archives World Markets and Trade and World Agricultural Production Reports: http://usda.mannlib.cornell.edu/mannusda/viewtaxonomy.do?taxonomyid=7 Production, Supply and Distribution Database (PSD Online): http://apps.fas.usda.gov/psdonline/psdhome.aspx Global Agricultural Trade System (U.S. Exports and ): http://apps.fas.usda.gov/gats/default.aspx Export Sales Report: http://apps.fas.usda.gov/esrquery/ Global Agricultural Information Network (Agricultural Attaché Reports): http://gain.fas.usda.gov/pages/default.aspx Other USDA Reports: World Agricultural Supply and Demand Estimates (WASDE): http://www.usda.gov/oce/commodity/wasde/ Economic Research Service: http://www.ers.usda.gov/topics/crops National Agricultural Statistics Service: http://www.nass.usda.gov/publications/

List of Tables SUMMARY TABLES Table 01 Major Oilseeds: World Supply and Distribution (Commodity View) Table 02 Major Protein Meals: World Supply and Distribution (Commodity View) Table 03 Major Vegetable Oils: World Supply and Distribution (Commodity View) Table 04 Major Oilseeds: World Supply and Distribution (Country View) Table 05 Major Protein Meals: World Supply and Distribution (Country View) Table 06 Major Vegetable Oils: World Supply and Distribution (Country View) COMMODITY TABLES Table 07 Soybeans: World Supply and Distribution Table 08 Soybean Meal: World Supply and Distribution Table 09 Soybean Oil: World Supply and Distribution Table 10 Soybeans and Products: World Trade Table 11 Palm Oil: World Supply and Distribution Table 12 Rapeseed and Products: World Supply and Distribution Table 13 Sunflowerseed and Products: World Supply and Distribution Table 14 Minor Vegetable Oils: World Supply and Distribution HISTORICAL TABLES Table 15 World Oilseeds and Products Supply and Distribution Table 16 World Soybeans and Products Supply and Distribution Table 17 World Rapeseed and Products Supply and Distribution Table 18 World Sunflowerseed and Products Supply and Distribution Table 19 World Palm Oil, Coconut Oil, and Fish Meal Supply and Distribution COUNTRY TABLES Table 20 United States Oilseeds and Products Supply and Distribution Local Marketing Years Table 21 United States Soybeans and Products Supply and Distribution Local Marketing Years Table 22 Brazil Soybeans and Products Supply and Distribution Local Marketing Years Table 23 Argentina Soybeans and Products Supply and Distribution Local Marketing Years Table 24 South East Asia Oilseeds and Products Supply and Distribution Table 25 Middle East Oilseeds and Products Supply and Distribution Table 26 European Union Oilseeds and Products Supply and Distribution Table 27 China Oilseeds and Products Supply and Distribution Table 28 India Oilseeds and Products Supply and Distribution PRICES Table 29 Table 30 Table 31 Oilseed Prices Protein Meal Prices Vegetable Oil Prices

Table 01: Major Oilseeds: World Supply and Distribution (Commodity View) Million Metric Tons 2011/12 2012/13 2013/14 Sep Oct Production Oilseed, Copra 5.59 5.79 5.43 5.43 5.51 5.51 Oilseed, Cottonseed 48.02 46.15 45.68 44.32 40.60 40.26 Oilseed, Palm Kernel 13.86 14.88 15.75 16.30 17.14 17.11 Oilseed, Peanut 38.47 40.47 41.14 39.49 40.78 40.89 Oilseed, Rapeseed 61.61 63.75 72.09 71.92 64.69 66.23 Oilseed, Soybean 240.43 268.82 283.15 318.95 319.61 320.49 Oilseed, Sunflowerseed 39.68 35.98 42.75 40.33 38.84 40.53 Total 447.65 475.83 505.98 536.74 527.17 531.02 Oilseed, Copra 0.08 0.04 0.09 0.09 0.09 0.09 Oilseed, Cottonseed 1.10 0.91 0.78 0.64 0.67 0.63 Oilseed, Palm Kernel 0.03 0.06 0.06 0.05 0.06 0.06 Oilseed, Peanut 2.36 2.35 2.38 2.50 2.46 2.53 Oilseed, Rapeseed 13.18 12.66 15.23 14.04 12.45 12.96 Oilseed, Soybean 93.47 95.93 111.28 120.20 123.22 123.92 Oilseed, Sunflowerseed 1.64 1.31 1.49 1.38 1.18 1.17 Total 111.86 113.25 131.31 138.88 140.12 141.34 Exports Oilseed, Copra 0.11 0.07 0.11 0.09 0.09 0.09 Oilseed, Cottonseed 1.15 0.92 0.83 0.63 0.63 0.64 Oilseed, Palm Kernel 0.04 0.04 0.04 0.03 0.03 0.03 Oilseed, Peanut 2.98 2.65 2.89 3.13 2.91 2.89 Oilseed, Rapeseed 12.92 12.45 14.96 14.56 12.28 12.68 Oilseed, Soybean 92.19 100.81 112.57 126.05 126.48 126.77 Oilseed, Sunflowerseed 1.92 1.44 1.95 1.88 1.34 1.32 Total 111.30 118.39 133.34 146.36 143.76 144.42 Crush Oilseed, Copra 5.53 5.87 5.42 5.40 5.47 5.47 Oilseed, Cottonseed 34.46 34.44 34.25 33.92 31.82 31.52 Oilseed, Palm Kernel 13.73 14.75 15.67 16.25 17.07 17.04 Oilseed, Peanut 16.65 17.41 17.66 17.58 17.42 17.42 Oilseed, Rapeseed 60.62 62.45 66.80 68.18 65.28 66.09 Oilseed, Soybean 228.37 230.17 241.08 260.54 271.79 272.39 Oilseed, Sunflowerseed 35.72 31.96 38.37 36.62 36.01 37.17 Total 395.07 397.04 419.25 438.48 444.86 447.11 Ending Stocks Oilseed, Copra 0.29 0.13 0.08 0.08 0.08 0.08 Oilseed, Cottonseed 1.89 1.55 2.03 1.60 1.02 0.98 Oilseed, Palm Kernel 0.28 0.29 0.28 0.24 0.22 0.22 Oilseed, Peanut 1.65 2.24 2.54 2.06 2.90 2.84 Oilseed, Rapeseed 6.58 5.03 7.70 7.54 4.14 4.96 Oilseed, Soybean 53.91 56.17 62.77 77.97 84.98 85.14 Oilseed, Sunflowerseed 2.36 2.66 2.83 2.41 1.54 2.06 Total 66.96 68.07 78.23 91.90 94.88 96.27 Totals may not add due to rounding

Table 02: Major Protein Meals: World Supply and Distribution (Commodity View) Million Metric Tons 2011/12 2012/13 2013/14 Sep Oct Production Meal, Copra 1.83 1.94 1.81 1.79 1.81 1.81 Meal, Cottonseed 15.73 15.67 15.63 15.47 14.51 14.42 Meal, Fish 4.18 4.37 4.14 4.29 4.25 4.25 Meal, Palm Kernel 7.27 7.81 8.33 8.63 9.08 9.07 Meal, Peanut 6.46 6.75 6.87 6.84 6.80 6.80 Meal, Rapeseed 35.72 36.92 39.44 40.21 38.48 38.93 Meal, Soybean 180.48 181.29 189.37 205.68 214.22 214.63 Meal, Sunflowerseed 15.67 14.01 16.77 16.02 15.83 16.23 Total 267.33 268.75 282.35 298.94 304.97 306.13 Meal, Copra 0.79 0.85 0.51 0.61 0.65 0.65 Meal, Cottonseed 0.42 0.40 0.35 0.34 0.35 0.35 Meal, Fish 2.92 2.36 2.62 2.39 2.48 2.43 Meal, Palm Kernel 5.00 5.35 5.42 5.41 5.66 5.66 Meal, Peanut 0.05 0.03 0.08 0.02 0.05 0.05 Meal, Rapeseed 5.14 5.18 5.92 5.70 5.74 5.64 Meal, Soybean 56.98 53.83 57.86 61.18 64.14 63.98 Meal, Sunflowerseed 6.10 4.72 5.56 5.51 5.70 5.71 Total 77.39 72.71 78.32 81.15 84.77 84.48 Exports Meal, Copra 0.79 1.09 0.72 0.76 0.74 0.74 Meal, Cottonseed 0.57 0.54 0.38 0.32 0.33 0.30 Meal, Fish 2.59 2.13 2.18 2.21 2.16 2.16 Meal, Palm Kernel 5.85 6.11 6.38 6.51 6.76 6.71 Meal, Peanut 0.07 0.07 0.07 0.06 0.07 0.07 Meal, Rapeseed 5.48 5.46 6.07 5.73 5.77 5.83 Meal, Soybean 58.27 57.91 60.03 63.27 66.23 65.84 Meal, Sunflowerseed 6.76 5.10 6.21 6.02 6.08 6.45 Total 80.37 78.40 82.04 84.89 88.15 88.10 Meal, Copra 1.75 1.79 1.61 1.68 1.74 1.74 Meal, Cottonseed 15.52 15.53 15.63 15.48 14.55 14.52 Meal, Fish 4.92 4.49 4.66 4.51 4.62 4.57 Meal, Palm Kernel 6.55 7.00 7.16 7.49 7.85 7.93 Meal, Peanut 6.47 6.73 6.87 6.79 6.78 6.78 Meal, Rapeseed 35.35 36.82 39.25 40.07 38.57 38.77 Meal, Soybean 177.94 177.49 186.31 201.77 212.70 213.17 Meal, Sunflowerseed 14.54 14.40 15.63 15.62 15.63 15.67 Total 263.02 264.24 277.12 293.41 302.45 303.16 Ending Stocks Meal, Copra 0.21 0.12 0.10 0.07 0.05 0.05 Meal, Cottonseed 0.22 0.21 0.18 0.19 0.16 0.13 Meal, Fish 0.20 0.31 0.22 0.19 0.14 0.14 Meal, Palm Kernel 0.33 0.38 0.59 0.62 0.50 0.71 Meal, Peanut 0.04 0.03 0.04 0.04 0.04 0.04 Meal, Rapeseed 0.56 0.39 0.43 0.53 0.42 0.50 Meal, Soybean 9.69 9.40 10.29 12.12 11.08 11.72 Meal, Sunflowerseed 1.13 0.36 0.85 0.73 0.38 0.55 Total 12.37 11.19 12.70 14.48 12.77 13.83 Totals may not add due to rounding

Table 03: Major Vegetable Oils: World Supply and Distribution (Commodity View) Million Metric Tons 2011/12 2012/13 2013/14 Sep Oct Production Oil, Coconut 3.43 3.65 3.38 3.35 3.39 3.39 Oil, Cottonseed 5.24 5.22 5.17 5.14 4.81 4.77 Oil, Olive 3.46 2.45 3.09 2.37 2.81 2.76 Oil, Palm 52.58 56.42 59.39 61.46 65.17 65.20 Oil, Palm Kernel 6.17 6.56 6.97 7.21 7.55 7.54 Oil, Peanut 5.30 5.51 5.61 5.58 5.54 5.55 Oil, Rapeseed 24.12 24.86 26.51 27.13 25.97 26.24 Oil, Soybean 42.74 43.09 44.98 48.57 50.70 50.80 Oil, Sunflowerseed 14.74 13.25 15.94 15.22 14.96 15.43 Total 157.78 161.01 171.03 176.01 180.91 181.66 Oil, Coconut 1.82 1.87 1.68 1.71 1.70 1.70 Oil, Cottonseed 0.08 0.08 0.06 0.07 0.05 0.05 Oil, Olive 0.63 0.65 0.58 0.78 0.64 0.64 Oil, Palm 38.84 41.82 41.82 44.49 46.11 46.16 Oil, Palm Kernel 2.52 2.75 2.35 2.56 2.55 2.55 Oil, Peanut 0.16 0.15 0.18 0.22 0.20 0.20 Oil, Rapeseed 4.01 3.87 3.77 3.86 3.82 3.86 Oil, Soybean 7.96 8.49 9.35 10.10 10.25 10.37 Oil, Sunflowerseed 5.69 4.96 6.68 6.13 6.10 6.26 Total 61.71 64.64 66.47 69.92 71.42 71.79 Exports Oil, Coconut 1.86 1.91 1.73 1.78 1.76 1.76 Oil, Cottonseed 0.17 0.16 0.14 0.12 0.11 0.11 Oil, Olive 0.87 0.87 0.85 0.97 0.82 0.78 Oil, Palm 39.84 43.20 43.28 45.90 47.02 47.22 Oil, Palm Kernel 2.84 3.25 2.85 3.13 3.13 3.13 Oil, Peanut 0.18 0.17 0.20 0.23 0.20 0.20 Oil, Rapeseed 3.97 3.94 3.82 3.99 3.83 3.91 Oil, Soybean 8.47 9.36 9.39 10.84 11.02 11.08 Oil, Sunflowerseed 6.47 5.48 7.75 7.37 7.09 7.40 Total 64.67 68.34 70.01 74.34 74.97 75.59 Oil, Coconut 3.54 3.75 3.41 3.38 3.42 3.42 Oil, Cottonseed 5.15 5.23 5.08 5.09 4.83 4.78 Oil, Olive 3.08 2.65 2.80 2.55 2.61 2.60 Oil, Palm 50.47 55.15 57.84 58.80 63.80 63.53 Oil, Palm Kernel 5.73 6.14 6.48 6.72 7.06 7.05 Oil, Peanut 5.33 5.51 5.61 5.57 5.54 5.54 Oil, Rapeseed 23.63 23.66 25.52 26.70 26.82 26.78 Oil, Soybean 42.19 42.60 45.28 47.81 49.98 50.00 Oil, Sunflowerseed 12.98 13.22 14.52 14.55 14.35 14.47 Total 152.10 157.90 166.54 171.16 178.40 178.17 Ending Stocks Oil, Coconut 0.60 0.47 0.38 0.27 0.19 0.19 Oil, Cottonseed 0.26 0.18 0.20 0.20 0.14 0.14 Oil, Olive 0.91 0.49 0.52 0.15 0.14 0.16 Oil, Palm 7.51 7.39 7.48 8.73 9.46 9.34 Oil, Palm Kernel 0.91 0.83 0.82 0.72 0.58 0.64 Oil, Peanut 0.08 0.06 0.04 0.04 0.04 0.04 Oil, Rapeseed 1.80 2.93 3.86 4.17 2.66 3.58 Oil, Soybean 4.13 3.75 3.41 3.43 3.46 3.52 Oil, Sunflowerseed 2.12 1.63 1.98 1.41 1.03 1.22 Total 18.32 17.74 18.69 19.12 17.69 18.82 Totals may not add due to rounding

Table 04: Major Oilseeds: World Supply and Distribution (Country View) Million Metric Tons 2011/12 2012/13 2013/14 Sep Oct Production United States 92.44 93.32 99.02 116.03 116.07 115.27 Brazil 70.02 84.55 90.01 99.18 99.61 102.81 Argentina 44.82 53.68 56.92 65.52 61.01 61.71 China 59.60 59.79 58.89 57.56 54.79 54.52 India 37.11 37.52 36.80 33.86 36.81 36.31 Other 143.67 146.97 164.36 164.60 158.89 160.41 Total 447.65 475.83 505.98 536.74 527.17 531.02 China 62.29 63.52 75.60 81.78 82.45 83.08 European Union 16.89 17.02 17.66 16.98 16.76 16.89 Mexico 5.39 5.08 5.58 5.84 5.84 5.84 Japan 5.34 5.54 5.49 5.62 5.52 5.57 Turkey 2.03 2.02 2.40 3.05 2.94 3.14 Indonesia 2.15 2.14 2.55 2.39 2.65 2.65 Taiwan 2.29 2.29 2.34 2.39 2.39 2.39 Thailand 1.99 1.96 1.88 2.32 2.19 2.34 Russia 0.90 0.83 2.11 2.17 2.08 2.18 Egypt 1.73 1.80 1.74 2.05 2.02 2.12 Other 10.86 11.04 13.95 14.30 15.28 15.14 Total 111.86 113.25 131.31 138.88 140.12 141.34 Exports Brazil 36.35 42.02 46.99 51.25 54.63 56.58 United States 37.81 37.16 45.55 51.14 47.97 46.58 Canada 11.66 10.63 12.69 13.10 11.27 11.70 Argentina 8.10 8.41 8.49 10.45 10.59 10.58 Paraguay 3.61 5.54 4.82 4.39 4.62 4.62 Ukraine 2.83 2.72 3.57 4.47 3.80 3.45 Uruguay 2.61 3.53 3.19 3.23 3.23 3.23 Other 8.34 8.39 8.04 8.34 7.66 7.69 Crush Total 111.30 118.39 133.34 146.36 143.76 144.42 China 96.29 102.64 107.63 112.03 115.37 115.33 United States 50.32 50.25 51.46 55.19 54.98 55.48 European Union 41.06 42.07 45.36 46.90 45.35 45.75 Argentina 39.95 36.25 38.77 43.33 44.64 44.89 Brazil 41.02 37.51 39.73 42.02 41.77 41.97 India 28.59 29.30 28.60 26.35 28.60 28.20 Russia 11.86 11.01 13.85 13.75 14.05 14.20 Ukraine 10.36 9.21 12.16 11.32 11.15 12.05 Indonesia 8.35 8.99 9.66 10.29 10.80 10.80 Canada 8.41 8.27 8.52 9.06 8.70 8.90 Mexico 5.86 5.70 6.08 6.50 6.52 6.52 Pakistan 5.60 5.30 5.58 6.23 6.46 6.26 Malaysia 4.99 5.34 5.53 5.54 5.72 5.72 Japan 4.35 4.38 4.40 4.60 4.45 4.50 Paraguay 1.07 3.17 3.47 3.79 4.24 4.24 Other 37.01 37.67 38.46 41.62 42.07 42.31 Total 395.07 397.04 419.25 438.48 444.86 447.11 Ending Stocks Argentina 16.64 22.42 27.34 33.78 34.97 34.62 Brazil 13.22 15.41 16.01 18.77 18.19 19.78 China 17.05 13.17 15.56 18.92 16.92 17.22 United States 5.61 5.76 3.95 6.78 14.05 13.54 European Union 4.95 3.71 3.33 3.80 2.24 2.32 Other 9.49 7.60 12.04 9.86 8.51 8.79 Total 66.96 68.07 78.23 91.90 94.88 96.27 Major Oilseeds includes Copra, Cottonseed, Palm Kernel, Peanut, Rapeseed, Soybeans and Sunflowerseeds.

Table 05: Major Protein Meals: World Supply and Distribution (Country View) Million Metric Tons 2011/12 2012/13 2013/14 Sep Oct Production China 66.95 71.34 75.20 79.01 82.21 82.24 United States 39.51 38.69 39.39 43.47 42.70 42.99 Argentina 29.74 27.26 29.09 32.28 33.63 33.70 Brazil 30.90 28.38 29.89 31.76 31.65 31.75 European Union 26.28 27.21 29.13 30.15 29.38 29.66 Other 73.97 75.87 79.65 82.27 85.39 85.79 Total 267.33 268.75 282.35 298.94 304.97 306.13 European Union 28.20 23.38 24.66 25.82 26.62 26.57 Vietnam 2.52 3.36 3.59 4.53 4.96 4.96 Indonesia 3.53 3.62 4.23 4.43 4.96 4.96 United States 3.03 3.39 3.80 3.90 3.77 3.72 Korea, South 3.38 3.54 3.68 3.51 3.58 3.58 Thailand 3.36 3.26 3.14 3.52 3.55 3.55 New Zealand 1.53 1.73 2.26 2.45 2.67 2.67 Other 31.84 30.43 32.97 33.00 34.67 34.47 Total 77.39 72.71 78.32 81.15 84.77 84.48 Exports Argentina 26.93 24.03 25.38 28.59 30.70 30.77 Brazil 14.68 13.24 13.95 14.39 15.20 15.20 United States 9.17 10.46 10.77 12.24 10.84 10.84 Ukraine 3.86 3.07 3.81 3.90 4.11 4.37 Indonesia 3.68 3.80 3.93 4.06 4.34 4.29 Canada 3.52 3.60 3.67 3.85 3.79 3.87 Paraguay 0.55 2.15 2.51 2.55 2.98 2.98 Other 17.99 18.06 18.03 15.31 16.19 15.78 Total 80.37 78.40 82.04 84.89 88.15 88.10 China 67.89 70.89 74.54 78.37 81.69 81.76 European Union 52.64 50.39 52.42 54.61 55.01 55.11 United States 33.41 31.65 32.43 35.09 35.63 35.88 Brazil 15.49 15.27 16.00 16.43 16.45 16.55 India 11.48 11.99 12.70 13.22 13.80 13.72 Mexico 5.82 5.61 5.95 6.32 6.48 6.48 Vietnam 3.67 4.14 4.59 5.54 6.11 6.11 Indonesia 3.91 4.33 4.91 5.43 5.97 6.02 Russia 4.37 4.36 4.85 5.30 5.57 5.73 Thailand 5.21 5.17 5.00 5.32 5.44 5.57 Other 59.15 60.46 63.73 67.79 70.31 70.25 SME Total 263.02 264.24 277.12 293.41 302.45 303.16 China 65.06 67.93 71.31 75.21 78.82 78.86 European Union 47.19 44.74 46.84 48.91 49.56 49.63 United States 32.36 30.46 31.15 33.76 34.36 34.60 Brazil 15.23 15.07 15.75 16.21 16.26 16.34 India 10.05 10.51 11.19 11.71 12.25 12.17 Mexico 5.44 5.26 5.62 5.98 6.15 6.15 Vietnam 3.47 3.89 4.37 5.29 5.85 5.85 Other 68.08 69.34 73.15 78.06 81.32 81.55 Total 246.88 247.21 259.38 275.14 284.57 285.15 Ending Stocks Argentina 2.94 3.45 4.14 4.61 3.69 4.09 Brazil 3.20 3.10 3.07 4.04 3.68 4.06 Indonesia 0.46 0.43 0.62 0.67 0.73 0.78 European Union 1.23 0.29 0.58 0.65 0.57 0.66 Malaysia 0.29 0.38 0.50 0.44 0.30 0.47 Other 4.25 3.55 3.78 4.08 3.81 3.78 Total 12.37 11.19 12.70 14.48 12.77 13.83 Major Protein Meals include Copra, Cottonseed, Fish, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflower Meal.

Table 06: Major Vegetable Oils: World Supply and Distribution (Country View) Million Metric Tons 2011/12 2012/13 2013/14 Sep Oct Production Indonesia 30.13 32.73 35.03 37.78 40.01 40.01 China 21.00 22.40 23.61 24.34 24.83 24.88 Malaysia 20.42 21.63 22.57 22.20 23.47 23.47 European Union 16.89 16.06 18.23 17.81 17.61 17.71 United States 10.03 10.23 10.42 11.00 11.09 11.23 Argentina 8.48 7.42 7.81 8.96 9.10 9.21 Brazil 8.17 7.55 7.97 8.42 8.38 8.41 Other 42.67 43.00 45.40 45.51 46.42 46.74 Total 157.78 161.01 171.03 176.01 180.91 181.66 India 10.01 10.71 11.54 14.16 14.63 14.68 European Union 9.12 9.93 9.86 9.68 9.59 9.69 China 9.23 10.79 9.07 8.57 8.80 8.80 United States 3.83 3.80 4.02 4.17 4.23 4.28 Pakistan 2.26 2.30 2.87 2.80 2.98 3.03 Egypt 2.31 1.91 2.15 2.35 2.40 2.45 Bangladesh 1.41 1.43 1.71 1.86 1.98 1.98 Turkey 1.11 1.26 1.37 1.39 1.65 1.70 Iran 1.35 1.43 1.58 1.57 1.58 1.58 Malaysia 2.65 1.50 0.85 1.54 1.00 1.00 Other 18.43 19.58 21.46 21.84 22.58 22.61 Total 61.71 64.64 66.47 69.92 71.42 71.79 Exports Indonesia 20.73 22.64 23.94 26.90 27.20 27.40 Malaysia 18.98 19.99 18.75 18.87 19.53 19.53 Argentina 4.65 4.66 4.53 5.52 5.79 5.79 Ukraine 3.33 3.32 4.36 4.12 3.97 4.27 Canada 2.75 2.63 2.45 2.51 2.62 2.70 European Union 2.01 2.43 2.31 2.52 2.27 2.32 Russia 1.80 1.27 2.42 2.22 2.17 2.20 Other 10.42 11.40 11.26 11.70 11.42 11.38 Total 64.67 68.34 70.01 74.34 74.97 75.59 China 29.34 31.17 32.00 32.93 34.37 34.12 European Union 23.82 24.16 25.42 25.38 25.22 25.33 India 16.84 17.84 19.03 20.43 21.66 21.61 United States 12.78 13.03 13.51 13.83 14.04 14.15 Indonesia 8.92 9.90 11.21 10.12 12.20 11.90 Brazil 6.63 6.76 6.99 7.47 7.46 7.54 Malaysia 3.70 3.97 4.39 4.57 4.95 4.95 Pakistan 3.48 3.60 3.93 4.21 4.44 4.43 Russia 3.20 3.34 3.40 3.47 3.59 3.59 Argentina 3.60 2.92 3.44 3.39 3.39 3.41 Egypt 2.46 2.45 2.43 2.58 2.59 2.65 Mexico 2.30 2.36 2.38 2.59 2.60 2.60 Thailand 1.99 2.14 2.32 2.33 2.49 2.53 Turkey 1.83 1.90 2.07 2.30 2.49 2.47 Japan 2.16 2.19 2.22 2.26 2.27 2.28 Other 29.06 30.18 31.81 33.32 34.66 34.63 Total 152.10 157.90 166.54 171.16 178.40 178.17 Ending Stocks Indonesia 1.88 2.13 2.07 2.86 3.80 3.60 China 1.69 3.62 4.18 4.03 2.49 3.48 Malaysia 2.93 2.11 2.39 2.70 2.47 2.70 India 1.44 1.54 1.22 1.49 1.61 1.56 United States 1.54 1.16 0.98 1.13 1.20 1.31 Other 8.83 7.18 7.85 6.91 6.12 6.17 Total 18.32 17.74 18.69 19.12 17.69 18.82 Major Vegetable Oils includes Coconut, Cottonseed, Olive, Palm, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflowerseed oil.

Table 07: Soybeans: World Supply and Distribution Thousand Metric Tons 2011/12 2012/13 2013/14 Sep Oct Production United States 84,291 82,791 91,389 106,878 107,101 105,806 Brazil 66,500 82,000 86,700 96,200 97,000 100,000 Argentina 40,100 49,300 53,500 60,800 57,000 57,000 China 14,485 13,050 12,200 12,350 11,500 11,500 India 11,700 12,200 9,500 9,000 11,500 11,000 Paraguay 4,043 8,202 8,190 8,100 8,800 8,800 Canada 4,467 5,086 5,359 6,049 5,950 5,950 Other 14,841 16,195 16,307 19,570 20,761 20,436 Total 240,427 268,824 283,145 318,947 319,612 320,492 China 59,231 59,865 70,364 77,000 79,000 79,000 European Union 12,070 12,538 12,985 13,550 13,500 13,600 Mexico 3,606 3,409 3,842 4,025 4,050 4,050 Japan 2,759 2,830 2,894 2,950 2,850 2,900 Taiwan 2,285 2,286 2,335 2,380 2,380 2,380 Indonesia 1,922 1,795 2,241 2,075 2,300 2,300 Turkey 1,057 1,249 1,608 2,100 2,100 2,300 Thailand 1,907 1,867 1,798 2,225 2,100 2,250 Egypt 1,649 1,730 1,694 1,980 1,950 2,050 Russia 741 691 1,931 1,950 1,900 2,000 Other 6,242 7,666 9,592 9,961 11,086 11,086 Total 93,469 95,926 111,284 120,196 123,216 123,916 Exports Brazil 36,257 41,904 46,829 51,112 54,500 56,450 United States 37,186 36,129 44,574 50,169 46,947 45,586 Argentina 7,368 7,738 7,842 9,600 9,750 9,750 Paraguay 3,574 5,518 4,800 4,375 4,600 4,600 Canada 2,933 3,470 3,470 3,850 3,825 3,850 Other 4,869 6,053 5,056 6,945 6,858 6,533 Crush Total 92,187 100,812 112,571 126,051 126,480 126,769 China 60,970 64,950 68,850 74,200 79,500 79,500 United States 46,348 45,967 47,192 51,029 50,893 51,165 Argentina 35,886 33,611 36,173 40,000 41,500 41,500 Brazil 38,083 35,235 36,861 39,500 39,550 39,550 European Union 12,414 13,162 13,436 14,000 14,500 14,700 India 9,650 9,900 8,300 7,100 9,100 8,700 Mexico 3,675 3,650 4,030 4,275 4,350 4,350 Paraguay 900 2,950 3,350 3,650 4,100 4,100 Russia 2,300 2,400 3,300 3,850 3,950 4,100 Bolivia 2,000 2,175 2,250 2,300 2,420 2,450 Egypt 1,620 1,710 1,680 1,950 1,950 2,050 Japan 1,960 1,915 1,969 2,120 1,970 2,020 Taiwan 2,020 1,920 1,925 1,970 2,000 2,000 Thailand 1,750 1,500 1,500 1,750 1,700 1,825 Canada 1,411 1,550 1,537 1,700 1,700 1,700 Other 7,386 7,572 8,728 11,145 12,605 12,680 Total 228,373 230,167 241,081 260,539 271,788 272,390 Ending Stocks Argentina 15,949 20,962 26,050 32,250 33,427 32,902 Brazil 13,024 15,330 15,945 18,708 18,150 19,738 China 15,909 12,378 14,427 17,552 16,152 16,152 United States 4,610 3,825 2,504 5,210 12,258 11,556 India 800 1,135 606 458 833 583 Other 3,613 2,537 3,240 3,794 4,158 4,213 Total 53,905 56,167 62,772 77,972 84,978 85,144 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.

Table 08: Soybean Meal: World Supply and Distribution Thousand Metric Tons 2011/12 2012/13 2013/14 Sep Oct Production China 48,288 51,440 54,531 58,770 62,960 62,960 United States 37,217 36,174 36,909 41,023 40,302 40,483 Argentina 27,945 26,089 27,892 30,790 32,180 32,180 Brazil 29,510 27,310 28,540 30,580 30,610 30,610 European Union 9,668 10,398 10,614 11,060 11,455 11,615 India 7,720 7,920 6,640 5,680 7,280 6,960 Mexico 2,910 2,890 3,185 3,380 3,435 3,435 Other 17,219 19,064 21,061 24,401 25,994 26,384 Total 180,477 181,285 189,372 205,684 214,216 214,627 European Union 20,872 16,941 18,175 19,650 20,300 20,300 Indonesia 3,278 3,367 3,983 4,175 4,700 4,700 Vietnam 2,276 2,980 3,342 4,200 4,600 4,600 Thailand 2,928 2,874 2,665 3,000 3,050 3,050 Philippines 1,833 1,969 2,337 2,200 2,650 2,400 Iran 2,192 2,099 2,683 2,150 2,100 2,100 Japan 2,282 1,765 1,976 1,700 1,850 1,850 Mexico 1,548 1,295 1,510 1,690 1,850 1,850 Korea, South 1,571 1,654 1,825 1,735 1,700 1,700 Algeria 892 1,333 1,383 1,425 1,525 1,525 Other 17,306 17,551 17,978 19,254 19,812 19,907 Total 56,978 53,828 57,857 61,179 64,137 63,982 Exports Argentina 26,043 23,667 24,972 28,000 30,200 30,200 Brazil 14,678 13,242 13,948 14,390 15,200 15,200 United States 8,845 10,111 10,474 11,975 10,569 10,569 Paraguay 523 2,149 2,504 2,550 2,980 2,980 India 4,391 4,354 2,742 1,100 2,025 1,700 Other 3,794 4,383 5,387 5,256 5,259 5,194 Total 58,274 57,906 60,027 63,271 66,233 65,843 China 47,435 50,091 52,534 57,130 61,380 61,380 European Union 29,670 27,122 28,442 30,242 31,392 31,492 United States 28,614 26,308 26,804 29,302 30,028 30,209 Brazil 14,100 14,200 14,650 15,250 15,400 15,400 Vietnam 3,300 3,700 4,200 5,100 5,650 5,650 India 3,280 3,490 4,050 4,685 5,255 5,220 Mexico 4,370 4,250 4,675 5,010 5,200 5,200 Indonesia 3,218 3,430 3,900 4,225 4,700 4,650 Thailand 4,153 4,152 3,980 4,280 4,380 4,510 Russia 2,350 2,400 2,600 2,880 3,225 3,380 Japan 3,840 3,332 3,376 3,326 3,330 3,358 Iran 2,500 2,460 2,948 3,050 3,120 3,120 Egypt 2,100 2,220 2,400 2,600 2,700 2,780 Argentina 1,450 1,850 2,100 2,300 2,500 2,500 Philippines 1,950 2,050 2,200 2,350 2,800 2,500 Other 25,614 26,439 27,448 30,036 31,644 31,821 Total 177,944 177,494 186,307 201,766 212,704 213,170 Ending Stocks Brazil 3,198 3,098 3,065 4,025 3,675 4,055 Argentina 2,681 3,253 4,073 4,563 3,620 4,043 Indonesia 390 323 406 356 406 406 European Union 439 120 170 278 281 301 United States 272 249 227 272 272 272 Other 2,705 2,355 2,352 2,625 2,829 2,638 Total 9,685 9,398 10,293 12,119 11,083 11,715 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.

Table 09: Soybean Oil: World Supply and Distribution Thousand Metric Tons 2011/12 2012/13 2013/14 Sep Oct Production China 10,914 11,626 12,335 13,280 14,230 14,230 United States 8,954 8,990 9,131 9,720 9,804 9,859 Argentina 6,839 6,364 6,785 7,630 7,860 7,860 Brazil 7,310 6,760 7,070 7,580 7,590 7,590 European Union 2,359 2,501 2,553 2,660 2,755 2,795 India 1,708 1,752 1,478 1,255 1,630 1,540 Paraguay 172 564 640 697 783 783 Other 4,485 4,537 4,991 5,747 6,045 6,139 Total 42,741 43,094 44,983 48,569 50,697 50,796 India 1,174 1,086 1,830 2,650 2,800 2,850 China 1,502 1,409 1,353 900 950 950 Algeria 438 575 625 580 640 640 Bangladesh 420 397 442 498 520 520 Morocco 367 364 446 450 460 460 Iran 411 543 551 450 450 450 Venezuela 415 374 403 425 430 430 Egypt 0 324 213 450 400 400 Peru 344 363 355 370 380 380 Colombia 257 216 288 320 330 330 Other 2,630 2,842 2,844 3,009 2,885 2,957 Total 7,958 8,493 9,350 10,102 10,245 10,367 Exports Argentina 3,794 4,244 4,087 4,925 5,200 5,200 Brazil 1,885 1,251 1,378 1,520 1,390 1,390 European Union 742 1,011 771 1,000 900 950 United States 664 982 851 930 907 907 Paraguay 127 558 650 660 735 735 Russia 142 129 332 420 420 445 Bolivia 224 288 315 320 320 320 Other 887 897 1,003 1,067 1,146 1,131 Total 8,465 9,360 9,387 10,842 11,018 11,078 China 12,044 12,545 13,657 14,193 15,237 15,237 United States 8,306 8,476 8,599 8,709 8,891 8,868 Brazil 5,390 5,534 5,705 6,205 6,230 6,275 India 2,750 2,950 3,300 3,900 4,450 4,400 Argentina 3,020 2,275 2,729 2,651 2,660 2,660 European Union 2,109 1,908 1,970 2,000 2,070 2,000 Mexico 845 860 890 1,001 1,010 1,010 Iran 625 630 635 665 695 695 Egypt 440 582 497 727 662 687 Bangladesh 440 470 530 610 675 675 Algeria 490 540 600 610 640 640 Venezuela 434 439 449 469 484 484 Morocco 372 374 440 450 460 460 Korea, South 445 445 440 445 460 455 Colombia 272 283 340 390 415 415 Other 4,211 4,289 4,503 4,786 4,939 5,040 Total 42,193 42,600 45,284 47,811 49,978 50,001 Ending Stocks United States 1,152 773 529 735 807 921 China 615 1,021 958 845 708 708 Argentina 320 258 236 315 225 330 European Union 298 202 339 259 296 254 India 360 248 255 260 300 250 Other 1,380 1,250 1,097 1,018 1,122 1,053 Total 4,125 3,752 3,414 3,432 3,458 3,516 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.

Table 10: Soybeans and Products: World Trade Thousand Metric Tons Meal, Soybean Oil, Soybean Oilseed, Soybean Marketing Year 2013/14 2013/14 2013/14 Exports North America 10,734 12,245 10,849 947 1,044 1,021 48,044 54,019 49,436 Canada (Aug-Jul) 241 250 260 92 110 110 3,470 3,850 3,850 United States (Sep-Aug) 10,474 11,975 10,569 851 930 907 44,574 50,169 45,586 South America 42,954 46,440 49,930 6,432 7,427 7,647 62,711 68,596 74,359 Argentina (Oct-Sep) 24,972 28,000 30,200 4,087 4,925 5,200 7,842 9,600 9,750 Brazil (Oct-Sep) 13,948 14,390 15,200 1,378 1,520 1,390 46,829 51,112 56,450 Paraguay (Mar-Feb) 2,504 2,550 2,980 650 660 735 4,800 4,375 4,600 South Asia 2,748 1,107 1,707 1 0 0 183 250 300 India (Oct-Sep) 2,742 1,100 1,700 1 0 0 183 250 300 Other 3,591 3,479 3,357 2,007 2,371 2,410 1,633 3,186 2,674 World Total 60,027 63,271 65,843 9,387 10,842 11,078 112,571 126,051 126,769 European Union (Oct-Sep) 18,175 19,650 20,300 325 260 150 12,985 13,550 13,600 East Asia 3,884 3,595 3,655 1,772 1,312 1,405 76,866 83,545 85,605 China (Oct-Sep) 20 60 20 1,353 900 950 70,364 77,000 79,000 Japan (Oct-Sep) 1,976 1,700 1,850 16 7 15 2,894 2,950 2,900 Korea, South (Oct-Sep) 1,825 1,735 1,700 278 270 300 1,271 1,200 1,300 Taiwan (Oct-Sep) 22 50 35 3 0 0 2,335 2,380 2,380 Southeast Asia 13,743 15,046 16,272 299 311 320 6,150 6,560 6,920 Indonesia (Oct-Sep) 3,983 4,175 4,700 25 25 25 2,241 2,075 2,300 Malaysia (Oct-Sep) 1,397 1,450 1,500 113 120 125 554 610 620 Philippines (Jan-Dec) 2,337 2,200 2,400 41 42 43 122 130 130 Thailand (Sep-Aug) 2,665 3,000 3,050 6 5 2 1,798 2,225 2,250 Vietnam (Jan-Dec) 3,342 4,200 4,600 80 85 90 1,415 1,500 1,600 North America 2,839 2,964 3,195 307 408 385 6,134 5,269 5,216 Canada (Aug-Jul) 982 975 1,050 31 33 33 340 340 350 Mexico (Sep-Aug) 1,510 1,690 1,850 201 250 250 3,842 4,025 4,050 South America 4,651 5,055 5,220 1,293 1,410 1,431 1,614 1,549 1,649 Brazil (Oct-Sep) 25 20 20 0 11 10 605 275 250 Colombia (Oct-Sep) 1,036 1,150 1,200 288 320 330 436 575 600 Central America 948 1,017 1,042 165 176 187 269 315 343 Caribbean 837 1,080 1,128 286 307 314 148 155 165 Middle East 5,295 4,787 4,900 636 544 555 2,257 3,425 3,845 Iran (Oct-Sep) 2,683 2,150 2,100 551 450 450 301 950 1,150 Israel (Oct-Sep) 129 140 145 11 15 13 319 325 345 Syria (May-Apr) 251 250 250 1 2 2 29 50 50 Turkey (Oct-Sep) 744 530 600 8 0 0 1,608 2,100 2,300 North Africa 3,245 3,305 3,517 1,404 1,605 1,625 1,828 2,130 2,200 Egypt (Oct-Sep) 1,116 1,050 1,150 213 450 400 1,694 1,980 2,050 Other 4,240 4,680 4,753 2,863 3,769 3,995 3,033 3,698 4,373 World Total 57,857 61,179 63,982 9,350 10,102 10,367 111,284 120,196 123,916

Table 11: Palm Oil: World Supply and Distribution Thousand Metric Tons 2011/12 2012/13 2013/14 Sep Oct Production Indonesia 26,200 28,500 30,500 33,000 35,000 35,000 Malaysia 18,202 19,321 20,161 19,800 21,000 21,000 Thailand 1,892 2,135 2,000 1,800 2,200 2,200 Colombia 945 974 1,041 1,110 1,100 1,130 Nigeria 970 970 970 970 970 970 Other 4,373 4,522 4,717 4,775 4,895 4,895 Total 52,582 56,422 59,389 61,455 65,165 65,195 India 7,473 8,364 7,820 9,350 9,850 9,850 European Union 5,707 6,798 6,902 6,800 6,950 6,950 China 5,841 6,589 5,573 5,550 5,750 5,750 Pakistan 2,218 2,246 2,758 2,700 2,950 2,950 Egypt 1,368 969 1,153 1,550 1,550 1,600 Bangladesh 984 1,030 1,262 1,350 1,450 1,450 United States 1,032 1,293 1,220 1,122 1,250 1,250 Singapore 854 654 552 750 800 800 Turkey 445 576 565 550 800 800 Burma 470 583 581 680 750 750 Other 12,452 12,716 13,436 14,088 14,013 14,013 Total 38,844 41,818 41,822 44,490 46,113 46,163 Exports Indonesia 18,452 20,373 21,719 24,500 24,800 25,000 Malaysia 17,586 18,524 17,344 17,400 18,100 18,100 Papua New Guinea 585 564 539 575 560 560 Benin 253 430 600 450 440 440 Guatemala 248 346 411 405 400 400 Other 2,720 2,966 2,671 2,574 2,716 2,716 Total 39,844 43,203 43,284 45,904 47,016 47,216 India 7,485 8,250 8,384 9,200 9,950 9,950 Indonesia 7,129 7,852 8,900 7,620 9,520 9,220 European Union 5,523 6,560 6,790 6,700 6,800 6,850 China 5,841 6,389 5,669 5,580 5,750 5,750 Malaysia 2,150 2,451 2,868 3,060 3,370 3,370 Pakistan 2,115 2,285 2,490 2,690 2,945 2,945 Thailand 1,525 1,710 1,880 1,820 2,010 2,010 Nigeria 1,385 1,455 1,470 1,495 1,550 1,550 Egypt 1,265 1,120 1,140 1,460 1,470 1,510 Bangladesh 1,030 1,030 1,190 1,345 1,450 1,450 United States 1,043 1,238 1,207 1,115 1,227 1,227 Colombia 890 886 918 948 1,040 980 Turkey 440 510 550 520 790 790 Ghana 665 700 730 760 780 780 Burma 450 560 600 670 750 750 Other 11,537 12,155 13,056 13,812 14,400 14,400 Total 50,473 55,151 57,842 58,795 63,802 63,532 Ending Stocks Indonesia 1,445 1,758 1,666 2,546 3,526 3,326 Malaysia 2,481 1,784 2,091 2,381 2,261 2,411 India 669 921 528 858 958 958 China 240 439 341 310 210 310 Pakistan 170 91 309 269 224 224 Other 2,503 2,401 2,544 2,361 2,279 2,106 Total 7,508 7,394 7,479 8,725 9,458 9,335

Table 12: Rapeseed and Products: World Supply and Distribution Thousand Metric Tons Meal, Rapeseed Oil, Rapeseed Oilseed, Rapeseed Marketing Year 2013/14 2013/14 2013/14 Production China (Oct-Sep) 11,631 11,505 11,150 6,579 6,500 6,300 14,458 14,600 14,100 India (Oct-Sep) 3,720 3,250 3,600 2,400 2,100 2,320 7,300 6,310 7,150 Canada (Aug-Jul) 3,925 4,150 4,050 3,050 3,230 3,150 18,551 16,410 14,300 Japan (Oct-Sep) 1,353 1,360 1,360 1,054 1,075 1,075 2 2 2 European Union (Jul-Jun) 13,780 14,370 13,513 9,946 10,371 9,753 21,304 24,394 21,550 Other 5,026 5,576 5,256 3,479 3,854 3,640 10,473 10,204 9,126 World Total 39,435 40,211 38,929 26,508 27,130 26,238 72,088 71,920 66,228 China (Oct-Sep) 314 120 125 902 750 800 5,046 4,600 3,900 India (Oct-Sep) 0 0 0 160 325 200 0 0 0 Canada (Aug-Jul) 11 23 12 83 32 65 66 65 100 Japan (Oct-Sep) 76 15 75 10 17 12 2,378 2,450 2,450 European Union (Jul-Jun) 457 451 450 296 261 270 3,495 2,356 2,200 Other 5,065 5,088 4,979 2,318 2,478 2,513 4,240 4,565 4,307 World Total 5,923 5,697 5,641 3,769 3,863 3,860 15,225 14,036 12,957 Exports China (Oct-Sep) 37 0 0 6 10 10 0 0 0 India (Oct-Sep) 1,327 850 1,100 3 3 3 1 0 0 Canada (Aug-Jul) 3,424 3,593 3,600 2,348 2,389 2,580 9,173 9,207 7,800 Japan (Oct-Sep) 2 2 0 2 1 1 0 0 0 European Union (Jul-Jun) 361 414 300 306 356 300 290 588 300 Other 921 875 828 1,151 1,226 1,016 5,499 4,760 4,580 World Total 6,072 5,734 5,828 3,816 3,985 3,910 14,963 14,555 12,680 China (Oct-Sep) 11,908 11,625 11,275 6,750 7,250 7,500 19,100 18,900 18,300 India (Oct-Sep) 2,403 2,400 2,500 2,505 2,455 2,510 7,300 6,450 7,050 Canada (Aug-Jul) 515 520 515 645 683 706 7,024 7,954 7,512 Japan (Oct-Sep) 1,430 1,360 1,420 1,030 1,050 1,060 2,405 2,455 2,455 European Union (Jul-Jun) 13,750 14,400 13,650 9,915 10,075 9,875 24,936 25,960 24,450 Other 9,242 9,767 9,413 4,678 5,187 5,132 8,918 9,846 9,316 World Total 39,248 40,072 38,773 25,523 26,700 26,783 69,683 71,565 69,083 Ending Stocks China (Oct-Sep) 0 0 0 2,882 2,872 2,462 1,036 1,336 1,036 India (Oct-Sep) 20 20 20 165 132 139 568 428 528 Canada (Aug-Jul) 98 158 105 211 401 330 3,008 2,322 1,410 Japan (Oct-Sep) 15 28 43 150 191 217 84 81 78 European Union (Jul-Jun) 215 222 235 131 332 180 2,075 2,277 1,277 Other 81 103 97 325 244 249 928 1,091 628 World Total 429 531 500 3,864 4,172 3,577 7,699 7,535 4,957

Table 13: Sunflowerseed and Products: World Supply and Distribution Thousand Metric Tons Oilseed, Sunflowerseed Meal, Sunflowerseed Oil, Sunflowerseed Marketing Year 2013/14 2013/14 2013/14 Production Argentina (Mar-Feb) 2,000 3,160 3,200 962 1,250 1,270 934 1,227 1,245 Russia (Sep-Aug) 10,554 8,929 9,400 3,466 3,215 3,330 3,851 3,570 3,690 Turkey (Sep-Aug) 1,400 1,200 1,000 753 647 535 845 725 595 Ukraine (Sep-Aug) 11,600 10,200 11,000 4,700 4,280 4,550 4,725 4,305 4,578 European Union (Oct-Sep) 9,052 8,930 7,900 4,130 4,100 3,915 3,190 3,165 3,000 Other 8,141 7,907 8,033 2,758 2,532 2,633 2,394 2,227 2,317 World Total 42,747 40,326 40,533 16,769 16,024 16,233 15,939 15,219 15,425 Argentina (Mar-Feb) 1 1 2 0 0 0 0 0 0 Russia (Sep-Aug) 35 60 30 6 0 0 12 10 10 Turkey (Sep-Aug) 581 485 400 757 780 850 776 820 880 Ukraine (Sep-Aug) 15 15 10 0 0 0 0 1 0 European Union (Oct-Sep) 319 250 230 3,364 3,300 3,400 1,039 900 1,000 Other 542 565 495 1,430 1,425 1,455 4,849 4,401 4,366 World Total 1,493 1,376 1,167 5,557 5,505 5,705 6,676 6,132 6,256 Exports Argentina (Mar-Feb) 73 68 75 365 550 530 343 500 500 Russia (Sep-Aug) 125 65 50 1,729 1,400 1,500 1,753 1,450 1,500 Turkey (Sep-Aug) 33 28 20 0 7 0 584 620 600 Ukraine (Sep-Aug) 70 84 50 3,648 3,550 4,000 4,181 3,870 4,000 European Union (Oct-Sep) 713 600 400 173 265 180 372 400 300 Other 933 1,036 722 291 251 244 521 532 503 World Total 1,947 1,881 1,317 6,206 6,023 6,454 7,754 7,372 7,403 Argentina (Mar-Feb) 2,251 2,948 3,004 730 730 740 700 733 740 Russia (Sep-Aug) 10,095 9,160 9,420 1,650 1,850 1,850 2,140 2,200 2,270 Turkey (Sep-Aug) 1,986 1,706 1,406 1,490 1,420 1,390 1,050 1,110 980 Ukraine (Sep-Aug) 11,350 10,350 11,000 650 720 700 540 470 510 European Union (Oct-Sep) 8,536 8,590 8,160 7,200 7,180 7,165 3,660 3,750 3,750 Other 7,906 7,482 7,747 3,911 3,722 3,822 6,425 6,287 6,221 World Total 42,124 40,236 40,737 15,631 15,622 15,667 14,515 14,550 14,471 Ending Stocks Argentina (Mar-Feb) 675 820 943 64 34 34 406 400 405 Russia (Sep-Aug) 369 133 93 93 58 38 169 99 29 Turkey (Sep-Aug) 139 90 64 20 20 15 342 157 52 Ukraine (Sep-Aug) 402 183 143 402 412 262 64 30 98 European Union (Oct-Sep) 902 892 462 198 153 123 255 170 120 Other 338 292 351 68 52 74 744 553 512 World Total 2,825 2,410 2,056 845 729 546 1,980 1,409 1,216

Table 14: Minor Vegetable Oils: World Supply and Distribution Thousand Metric Tons Oil, Peanut Oil, Cottonseed Oil, Olive Marketing Year 2013/14 2013/14 2013/14 Production China (Oct-Sep) 2,725 2,720 2,740 1,487 1,396 1,190 India (Oct-Sep) 1,188 1,139 1,057 1,305 1,320 1,305 Turkey (Nov-Oct) 4 7 7 130 180 155 140 170 145 United States (Aug-Jul) 95 97 115 286 277 240 5 5 5 European Union (Oct-Sep) 12 12 12 48 50 48 2,475 1,550 2,100 Other 1,582 1,604 1,614 1,912 1,912 1,832 468 641 505 World Total 5,606 5,579 5,545 5,168 5,135 4,770 3,088 2,366 2,755 China (Oct-Sep) 74 120 95 0 0 0 India (Oct-Sep) 0 0 0 0 0 0 Turkey (Nov-Oct) 0 0 0 0 0 0 0 0 0 United States (Aug-Jul) 25 14 14 14 9 9 311 318 324 European Union (Oct-Sep) 66 70 70 0 1 0 54 250 100 Other 18 17 17 50 56 44 219 216 217 World Total 183 221 196 64 66 53 584 784 641 Exports China (Oct-Sep) 10 10 10 4 10 5 India (Oct-Sep) 5 15 5 0 0 0 Turkey (Nov-Oct) 0 0 0 1 1 1 28 20 15 United States (Aug-Jul) 4 9 9 67 57 50 6 8 8 European Union (Oct-Sep) 3 3 3 1 1 1 675 580 600 Other 180 196 177 62 47 50 136 361 161 World Total 202 233 204 135 116 107 845 969 784 China (Oct-Sep) 2,789 2,830 2,825 1,483 1,386 1,185 India (Oct-Sep) 1,183 1,124 1,052 1,295 1,317 1,320 Turkey (Nov-Oct) 4 7 7 135 175 165 100 140 145 United States (Aug-Jul) 116 102 120 233 229 208 310 315 321 European Union (Oct-Sep) 74 79 79 47 50 47 1,780 1,570 1,570 Other 1,448 1,423 1,454 1,882 1,930 1,859 609 529 561 World Total 5,614 5,565 5,537 5,075 5,087 4,784 2,799 2,554 2,597 Ending Stocks China (Oct-Sep) 0 0 0 0 0 0 India (Oct-Sep) 10 10 10 58 61 46 Turkey (Nov-Oct) 0 0 0 7 11 6 21 31 16 United States (Aug-Jul) 9 9 9 45 45 36 0 0 0 European Union (Oct-Sep) 3 3 3 0 0 0 430 80 110 Other 14 16 16 89 80 47 70 37 37 World Total 36 38 38 199 197 135 521 148 163

Table 15: World Oilseeds and Products Supply and Distribution Million Metric Tons Area Harvested Beginning Stocks Productio n Total Supply Exports Food Use Dom. Domestic Consumpti Ending Stocks Major Oilseeds 2002/03 195.60 42.54 334.46 70.96 447.96 70.04 29.36 328.61 49.31 2003/04 212.24 49.31 338.21 64.06 451.58 66.80 29.24 338.48 46.30 2004/05 219.10 46.30 383.82 72.70 502.82 74.35 30.67 368.83 59.64 2005/06 220.89 59.64 394.07 75.32 529.03 75.81 31.80 386.81 66.41 2006/07 222.95 66.41 405.70 80.61 552.72 83.09 31.76 394.51 75.13 2007/08 218.84 75.13 391.52 90.05 556.69 91.35 31.71 402.15 63.20 2008/09 230.52 63.20 399.60 93.92 556.72 94.57 33.64 404.16 57.99 2009/10 236.17 57.99 447.23 101.74 606.96 106.92 34.74 424.58 75.46 2010/11 245.20 75.46 461.04 103.81 640.31 108.37 36.22 446.13 85.81 2011/12 249.02 85.81 447.65 111.86 645.33 111.30 36.52 467.07 66.96 2012/13 256.15 66.96 475.83 113.25 656.04 118.39 36.78 469.58 68.07 2013/14 260.34 68.07 505.98 131.31 705.36 133.34 37.37 493.79 78.23 264.15 78.23 536.74 138.88 753.85 146.36 38.20 515.59 91.90 265.02 91.90 531.02 141.34 764.27 144.42 38.94 523.58 96.27 Major Protein Meals 2002/03 7.94 185.78 53.56 247.29 54.01 0.32 186.24 7.04 2003/04 7.04 191.11 57.81 255.95 59.04 0.33 189.30 7.61 2004/05 7.61 206.46 59.49 273.57 61.20 0.34 204.67 7.70 2005/06 7.70 216.75 65.41 289.86 66.27 0.35 214.98 8.61 2006/07 8.61 223.70 66.88 299.18 68.98 0.35 220.79 9.41 2007/08 9.41 231.28 69.69 310.38 72.14 0.41 228.92 9.32 2008/09 9.32 229.02 67.52 305.86 69.38 0.39 229.20 7.29 2009/10 7.29 243.81 68.81 319.90 72.22 0.41 239.07 8.61 2010/11 8.61 256.54 73.98 339.12 77.24 0.42 250.85 11.04 2011/12 11.04 267.33 77.39 355.77 80.37 0.44 263.02 12.37 2012/13 12.37 268.75 72.71 353.84 78.40 0.45 264.24 11.19 2013/14 11.19 282.35 78.32 371.85 82.04 0.46 277.12 12.70 12.70 298.94 81.15 392.78 84.89 0.46 293.41 14.48 14.48 306.13 84.48 405.09 88.10 0.42 303.16 13.83 Major Vegetable Oils 2002/03 11.42 10.28 96.46 34.89 141.62 36.59 83.21 95.00 10.03 2003/04 12.08 10.03 103.18 37.69 150.91 40.01 87.21 100.48 10.42 2004/05 12.73 10.42 112.02 40.91 163.35 43.91 91.76 107.48 11.96 2005/06 13.61 11.96 119.40 44.51 175.88 48.65 94.69 114.16 13.07 2006/07 14.19 13.07 122.12 47.47 182.67 50.44 96.66 119.23 13.00 2007/08 14.72 13.00 129.23 50.67 192.90 54.52 99.62 125.48 12.90 2008/09 15.57 12.90 134.34 54.45 201.69 56.76 102.97 131.06 13.87 2009/10 16.32 13.87 141.63 56.41 211.91 58.89 107.62 138.57 14.45 2010/11 17.05 14.45 148.82 58.19 221.46 60.56 111.70 145.29 15.61 2011/12 17.63 15.61 157.78 61.71 235.09 64.67 116.08 152.10 18.32 2012/13 18.29 18.32 161.01 64.64 243.98 68.34 120.68 157.90 17.74 2013/14 19.06 17.74 171.03 66.47 255.23 70.01 125.92 166.54 18.69 19.70 18.69 176.01 69.92 264.62 74.34 130.76 171.16 19.12 20.29 19.12 181.66 71.79 272.57 75.59 135.40 178.17 18.82 Based on the aggregate of different marketing years

Table 16: World Soybeans and Products Supply and Distribution Million Metric Tons Area Harvested Beginning Stocks Productio n Total Supply Exports Crush Domestic Consumpti Ending Stocks Oilseed, Soybean 2002/03 81.62 35.16 196.95 62.88 295.00 61.32 165.07 191.12 42.55 2003/04 88.58 42.55 186.79 54.04 283.37 56.05 163.54 188.92 38.41 2004/05 93.35 38.41 215.91 63.56 317.87 64.75 175.29 204.45 48.67 2005/06 93.11 48.67 220.86 64.10 333.63 63.85 185.96 215.81 53.97 2006/07 94.56 53.97 236.30 68.91 359.17 71.14 195.57 225.02 63.01 2007/08 90.85 63.01 219.01 78.40 360.42 78.32 202.25 229.48 52.62 2008/09 96.44 52.62 212.08 77.45 342.15 77.21 193.63 221.79 43.15 2009/10 102.56 43.15 260.56 86.86 390.57 91.44 209.61 238.48 60.65 2010/11 103.36 60.65 264.35 88.78 413.78 91.70 221.23 251.26 70.82 2011/12 103.14 70.82 240.43 93.47 404.72 92.19 228.37 258.63 53.91 2012/13 109.78 53.91 268.82 95.93 418.66 100.81 230.17 261.68 56.17 2013/14 113.09 56.17 283.15 111.28 450.60 112.57 241.08 275.25 62.77 118.19 62.77 318.95 120.20 501.92 126.05 260.54 297.89 77.97 121.40 77.97 320.49 123.92 522.38 126.77 272.39 310.47 85.14 Meal, Soybean 2002/03 5.84 130.23 42.41 178.48 43.04 165.07 129.92 5.52 2003/04 5.52 128.92 44.92 179.36 46.08 163.55 127.64 5.64 2004/05 5.64 138.62 46.02 190.28 47.70 175.30 136.74 5.84 2005/06 5.84 146.41 51.43 203.68 52.25 185.97 145.28 6.15 2006/07 6.15 153.82 52.81 212.78 54.70 195.59 150.99 7.09 2007/08 7.09 158.72 54.86 220.67 56.06 202.29 157.43 7.18 2008/09 7.18 152.18 51.69 211.04 52.84 193.82 153.26 4.94 2009/10 4.94 165.29 53.48 223.71 55.61 209.94 161.50 6.60 2010/11 6.60 174.37 56.91 237.87 58.55 221.67 170.88 8.45 2011/12 8.45 180.48 56.98 245.90 58.27 228.87 177.94 9.69 2012/13 9.69 181.29 53.83 244.80 57.91 230.69 177.49 9.40 2013/14 9.40 189.37 57.86 256.63 60.03 241.57 186.31 10.29 10.29 205.68 61.18 277.16 63.27 261.08 201.77 12.12 12.12 214.63 63.98 290.73 65.84 272.96 213.17 11.72 Oil, Soybean 2002/03 3.25 30.58 8.21 42.04 8.81 165.07 30.11 3.12 2003/04 3.12 30.24 8.39 41.76 8.70 163.54 30.30 2.75 2004/05 2.75 32.57 8.86 44.18 9.06 175.29 31.83 3.29 2005/06 3.29 34.86 9.08 47.22 9.79 185.96 33.54 3.90 2006/07 3.90 36.43 9.97 50.30 10.53 195.57 35.71 4.06 2007/08 4.06 37.74 10.40 52.20 10.84 202.27 37.51 3.84 2008/09 3.84 35.94 9.17 48.95 9.18 193.80 36.37 3.39 2009/10 3.39 38.85 8.72 50.96 9.16 209.92 38.20 3.60 2010/11 3.60 41.36 9.51 54.46 9.64 221.65 40.74 4.08 2011/12 4.08 42.74 7.96 54.78 8.47 228.82 42.19 4.13 2012/13 4.13 43.09 8.49 55.71 9.36 230.65 42.60 3.75 2013/14 3.75 44.98 9.35 58.09 9.39 241.53 45.28 3.41 3.41 48.57 10.10 62.09 10.84 261.04 47.81 3.43 3.43 50.80 10.37 64.60 11.08 272.92 50.00 3.52 Based on the aggregate of different marketing years, primarily October through September.

Table 17: World Rapeseed and Products Supply and Distribution Million Metric Tons Area Harvested Beginning Stocks Productio n Total Supply Exports Food Use Dom. Domestic Consumpti Ending Stocks Oilseed, Rapeseed 2002/03 22.10 2.85 33.29 4.02 40.16 4.13 0.41 33.83 2.20 2003/04 25.49 2.20 39.48 5.14 46.82 5.53 0.42 38.91 2.38 2004/05 26.71 2.38 46.16 5.00 53.54 4.91 0.44 43.35 5.29 2005/06 27.29 5.29 48.60 6.66 60.55 6.98 0.45 47.78 5.79 2006/07 26.42 5.79 45.04 6.99 57.82 6.63 0.47 46.12 5.06 2007/08 28.31 5.06 48.64 7.54 61.24 8.16 0.48 49.13 3.95 2008/09 31.04 3.95 57.89 12.11 73.96 12.13 0.50 54.53 7.30 2009/10 31.46 7.30 61.03 10.74 79.07 10.84 0.52 59.33 8.90 2010/11 33.84 8.90 60.61 10.10 79.61 10.87 0.54 60.38 8.36 2011/12 34.13 8.36 61.61 13.18 83.15 12.92 0.63 63.66 6.58 2012/13 36.32 6.58 63.75 12.66 82.98 12.45 0.66 65.50 5.03 2013/14 36.38 5.03 72.09 15.23 92.35 14.96 0.70 69.68 7.70 35.93 7.70 71.92 14.04 93.66 14.56 0.70 71.57 7.54 34.86 7.54 66.23 12.96 86.72 12.68 0.70 69.08 4.96 Meal, Rapeseed 2002/03 0.34 18.82 1.73 20.90 1.62 0.00 18.96 0.32 2003/04 0.32 21.76 2.49 24.57 2.49 0.00 21.59 0.49 2004/05 0.49 24.23 2.30 27.02 2.24 0.00 24.43 0.35 2005/06 0.35 26.50 2.55 29.40 2.51 0.00 26.30 0.60 2006/07 0.60 25.72 3.05 29.37 2.96 0.00 26.12 0.29 2007/08 0.29 27.62 3.55 31.46 3.69 0.00 27.48 0.30 2008/09 0.30 30.70 3.58 34.58 3.59 0.00 30.74 0.25 2009/10 0.25 33.41 3.63 37.28 3.60 0.00 33.23 0.45 2010/11 0.45 34.05 4.92 39.42 5.17 0.00 33.73 0.53 2011/12 0.53 35.72 5.14 41.38 5.48 0.00 35.35 0.56 2012/13 0.56 36.92 5.18 42.66 5.46 0.00 36.82 0.39 2013/14 0.39 39.44 5.92 45.75 6.07 0.00 39.25 0.43 0.43 40.21 5.70 46.34 5.73 0.00 40.07 0.53 0.53 38.93 5.64 45.10 5.83 0.00 38.77 0.50 Oil, Rapeseed 2002/03 0.72 12.27 0.89 13.88 0.91 11.06 12.40 0.57 2003/04 0.57 14.18 1.36 16.11 1.33 12.52 14.41 0.38 2004/05 0.38 15.79 1.20 17.37 1.29 12.90 15.59 0.48 2005/06 0.48 17.52 1.47 19.47 1.65 13.22 17.12 0.70 2006/07 0.70 17.20 2.20 20.10 1.99 12.60 17.57 0.54 2007/08 0.54 18.53 2.03 21.09 1.90 13.08 18.36 0.83 2008/09 0.83 20.59 2.44 23.87 2.44 14.14 20.47 0.95 2009/10 0.95 22.51 2.92 26.39 2.74 14.79 22.31 1.34 2010/11 1.34 23.05 3.33 27.72 3.42 15.50 23.03 1.27 2011/12 1.27 24.12 4.01 29.40 3.97 16.29 23.63 1.80 2012/13 1.80 24.86 3.87 30.53 3.94 16.41 23.66 2.93 2013/14 2.93 26.51 3.77 33.20 3.82 17.57 25.52 3.86 3.86 27.13 3.86 34.86 3.99 18.57 26.70 4.17 4.17 26.24 3.86 34.27 3.91 18.90 26.78 3.58 Based on the aggregate of different marketing years.