continued u.s.-china tension affecting soybean trade in ... · season) and then high imports from...

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United States Department of Agriculture Foreign Agricultural Service Approved by the World Agricultural Outlook Board/USDA October 2018 Continued U.S.-China Tension Affecting Soybean Trade in 2018/19 As of the October 4 U.S. Exports Sales, U.S. soybean outstanding sales are below last year owing to fewer sales to China, which are currently 85 percent below last season. Anemic weekly sales and significantly lower outstanding sales indicate that there is not much interest in purchasing U.S. soybeans by China, primarily due to its decision to include soybeans on the list of key U.S. commodities that are subject to retaliatory tariffs. U.S. soybean exports to China typically reach their lowest levels in summer and then build strength as harvest progresses. However, a large pullback in Chinese demand for U.S. soybeans appears likely to continue well into 2018/19. U.S. accumulated soybean exports were a little over 3.0 million tons or 23 percent below last year. Accumulated exports to China were only 67,000 tons, which is 2.5 million tons less compared to last year. Weekly shipments to the rest of the world were 1.6 million tons above last year; however, they did not fully offset reductions for China. U.S. soybean sales to the rest of the world (including unknown) are 42 percent above last year, though the ability for the rest of the world to make up for typical exports to China will be tested. The export sales are a good forward indicator of shipments; however, unlike China, many markets such as the European Union, the Middle East, and North Africa do not purchase soybeans in advance, so the report’s usefulness as a predictor of future shipments is limited. 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 Million Tons U.S. Accumulated Soybean Exports, September 1-27 China Rest of World 0 5 10 15 20 25 30 Million Tons China Unknown Rest of World U.S. Soybean Outstanding Sales, September 1-27

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Page 1: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

United States Department of Agriculture Foreign Agricultural Service

Approved by the World Agricultural Outlook Board/USDA

October 2018

Continued U.S.-China Tension Affecting Soybean Trade in 2018/19

As of the October 4 U.S. Exports Sales, U.S. soybean outstanding sales are below last year

owing to fewer sales to China, which are currently 85 percent below last season. Anemic weekly

sales and significantly lower outstanding sales indicate that there is not much interest in

purchasing U.S. soybeans by China, primarily due to its decision to include soybeans on the list

of key U.S. commodities that are subject to retaliatory tariffs. U.S. soybean exports to China

typically reach their lowest levels in summer and then build strength as harvest

progresses. However, a large pullback in Chinese demand for U.S. soybeans appears likely to

continue well into 2018/19.

U.S. accumulated soybean exports were a little over 3.0 million tons or 23 percent below last

year. Accumulated exports to China were only 67,000 tons, which is 2.5 million tons less

compared to last year. Weekly shipments to the rest of the world were 1.6 million tons above

last year; however, they did not fully offset reductions for China.

U.S. soybean sales to the rest of the world (including unknown) are 42 percent above last year,

though the ability for the rest of the world to make up for typical exports to China will be tested.

The export sales are a good forward indicator of shipments; however, unlike China, many

markets such as the European Union, the Middle East, and North Africa do not purchase

soybeans in advance, so the report’s usefulness as a predictor of future shipments is limited.

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U.S. Accumulated Soybean Exports, September 1-27

China Rest of World

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China Unknown Rest of World

U.S. Soybean Outstanding Sales, September 1-27

Page 2: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

2017/18 U.S. Soybean Share in China Falls

Based on available trade data, USDA estimates that 2017/18 U.S. soybean market share in China

has fallen to 29 percent from 39 percent last year, while Brazil surged to 66 percent from 48

percent. According to U.S. Census Bureau trade data, U.S. soybean exports to China (Sep-Aug)

were the lowest in volume since 2013/14 and the lowest in value since 2009/10.

The United States and Brazil are the primary soybean suppliers to China. With each supplier

having alternate growing and harvesting seasons, China’s imports have historically run in a cycle

with high imports from the United States between September and February (Brazil’s growing

season) and then high imports from Brazil between March and August (U.S. growing season).

During September-December 2017, the United States shipped 18 percent less soybeans to China

than in 2016. With record supplies available on September 1, Brazil exports to China rose more

than three-fold in the final four months of 2017, and this increase more than offset lost trade

from the United States. In the first months of 2018, with the start of the Brazilian soybean

harvest, the prospects of an uptick in the pace of U.S. sales to China were limited. During

January-February 2018, U.S. exports to China were 24 percent lower than over the same period

in 2017. In the meantime, Brazil continued its soybean shipments to China at nearly the same

pace as the previous year. U.S. soybean exports to China between January and July did

relatively well in volume terms; however, the Calendar Year pace was the lowest since 2013.

The implementation of retaliatory tariffs led to an adjustment of trade flows in global soybean

markets. An export price gap that opened between the United States and Brazil continued to

widen towards the end of the marketing year, leading to fewer Brazilian sales outside of China

and greater U.S. exports to other-than-China markets. Trade tensions between the United States

and China will continue to affect soybean and soybean products trade in 2018/19.

48% 39% 37% 38% 38% 35% 39%

29%

35% 45% 49% 47% 47% 51%

48% 66%

17% 16% 14% 15% 16% 14% 12% 5%

China Soybean Import Share

US Brazil ROW

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Foreign Agricultural Service/USDA 2 October 2018Office of Global Analysis

Page 3: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

USDA Adjusts Indonesia and Malaysia Palm Oil PSDs

Due to new assessments of palm oil production and exports for Malaysia and domestic

consumption and exports of biodiesel in Indonesia, USDA has adjusted downward estimates of

global palm oil ending stocks.

Malaysia palm oil production was adjusted downward for 2017/18 and 2018/19, however the

change was more than offset by lower exports in 2017/18. Indonesia palm oil stocks were

lowered going back to 2012/13. The reduction was based on new assessments of domestic use,

primarily driven by higher consumption of biodiesel. Adjustments for 2017/18 incorporate

recent exports of Indonesian biodiesel to

China.

These combined adjustments for the two

largest palm oil producers dropped global

ending stocks of palm oil in the following

years:

2012/13 (9.2 million tons to 9.1)

2013/14 (9.6 million tons to 9.0)

2014/15 (10.2 million tons to 9.9)

2015/16 (8.9 million tons to 8.1)

2016/17 (9.2 million tons to 8.3)

2017/18 (10.9 million tons to 9.7)

2018/19 (12.0 million tons to 9.9)

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Adjusted Ending Stock Prior Ending Stocks

Foreign Agricultural Service/USDA 3 October 2018Office of Global Analysis

Page 4: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

EXPORT PRICES

U.S. soybean export bids in September, FOB Gulf, averaged $312/ton, down $23 from August. In

comparison, FOB Brazil Paranagua averaged $397/ton, up $3. FOB Argentina Up River averaged

$380/ton, down $3. In the first half of September, prices in the United States saw downward

pressure from prospects for burdensome supplies. In the second half of September, soybean prices

saw an uptrend supported by a slowdown in harvest progress due to excessive precipitation in parts

of the Midwest.

U.S. soybean meal export bids in September, FOB Gulf, averaged $357/ton, down $26 from

August. In comparison, FOB Brazil Paranagua averaged $348/ton, down $10. FOB Argentina Up

River averaged $342/ton, down $10. Many countries, except China, have raised their soybean

imports and crush above expectations to offset shortfalls in Argentina’s soybean meal exports,

thereby pressuring meal prices.

Soybean and palm oil prices recorded an impressive recovery driven by healthy biodiesel production

and a rally in crude mineral oil prices. Additionally, in September, the European Commission

decided to postpone its decision to resume additional import duties on Argentine biodiesel. Soybean

crush margins continue to be very good in the United States. Increased year-over-year global

production of palm oil has put downward pressure on prices in Malaysia and Indonesia. However,

with most recent production estimates lower for Malaysia and increased biodiesel consumption and

exports in Indonesia, palm oil prices saw an uptick.

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400

420

440

FO

B (

$/M

T)

SOYBEAN EXPORT PRICES

Argentina (Up River)

Brazil (Paranagua)

U.S. (Gulf)

OVERVIEW FOR 2018/19

Global oilseed production is forecast slightly lower this month at 604.0 million tons. Soybeans

are forecast slightly up at 369.5 million tons, as gains for Canada exceed losses for India, Mexico,

and the United States. The rapeseed crop estimate is higher this month as gains for the European

Union, Ukraine, and the United States more than offset reductions for Australia. Global soybean

imports are up slightly, driven by Mexico. Soybean exports are up on projected higher exports for

Canada. Palm oil production is down on reductions for Malaysia. The U.S. season-average farm

price for soybeans is projected down $0.30 at $8.60 per bushel.

Foreign Agricultural Service/USDA 4 October 2018Office of Global Analysis

Page 5: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

EXPORT SALES

For the week ending September 27, U.S. 2018/19

soybean export commitments (outstanding

sales plus accumulated exports) to China totaled

1.3 million tons compared to 10.7 million a year

ago. Total commitments to the world were 20.2

million tons, compared to 23.3 million for the

same period last year. Accumulated soybean

exports in the new marketing year were at 3.1

million tons, which is 23 percent below the same

period last year. Accumulated soybean exports to

China were only 67,000 tons, which is 97 percent

below or 2.5 million tons less than last year.

Weekly shipments to the rest of the world were

115 percent above last year’s (1.6 million tons

more); however, they did not fully offset

reductions for China.

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SOYBEAN MEAL EXPORT PRICES

Argentina (Up River)

Brazil 48% (Paranagua)

US 48% (Gulf)

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US

$/t

on

SOYBEAN AND PALM OIL EXPORT PRICES

Argentina (Up River) Soy Oil

Brazil (Paranagua) Soy Oil

USA (Gulf) Soy Oil

Indonesia Palm Oil

Malaysia Palm Oil

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U.S. SOYBEAN WEEKLY EXPORTS

2015/16 2016/17

2017/18 2018/19

Foreign Agricultural Service/USDA 5 October 2018Office of Global Analysis

Page 6: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

2018/19 OUTLOOK CHANGES

Country Commodity Attribute Previous Current Change Reason

Australia Oilseed, Rapeseed Export 2,600 2,500 -100

Lower crop projection India Oilseed, Peanut Export 850 750 -100

Mexico Oilseed, Soybean Import 4,750 4,900 150

Canada Oilseed, Soybean Export 5,000 5,500 500

Larger crop projection

Ukraine Oilseed, Rapeseed Export 2,450 2,550 100

United States

Oil, Palm Import 1,600 1,500 -100 Larger domestic rapeseed

forecast and rapeseed oil

production

Note: All figures are in thousand metric tons.

2017/18 OUTLOOK CHANGES

Country Commodity Attribute Previous Current Change Reason

United States Meal, Soybean Export 13,063 13,517 454 Stronger end-of-season exports

Argentina

Oilseed, Soybean Import 3,900 4,000 100 Trade trend

Meal, Soybean Export 26,200 25,250 -950 Trade trend

Oil, Soybean Export 3,850 4,130 280 Trade trend

Brazil

Oilseed, Soybean Export 76,700 76,193 -507

Final marketing year trade Meal, Soybean Export 16,350 16,074 -276

European Union

Oilseed, Soybean Import 14,500 15,500 500 Stronger end-of-season imports

Meal, Soybean Import 18,500 18,400 -100 Weaker end-of-season imports on

larger soybean imports and crush Meal, Sunflower Import 3,700 3,600 -100

Malaysia Oil, Palm Export 17,000 16,469 -531 Final trade data

Note: All figures are in thousand metric tons.

Foreign Agricultural Service/USDA 6 October 2018Office of Global Analysis

Page 7: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Questions may be directed to:

Bill George (202) 720-6234 [email protected] (or [email protected])

Agata Kingsbury (202) 260-8910 [email protected] (or [email protected])

Ben Boroughs (202) 378-1062 [email protected] (or [email protected])

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 Imports):

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/

Foreign Agricultural Service/USDA 7 October 2018Office of Global Analysis

Page 8: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

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 Oilseed Prices

Table 30 Protein Meal Prices

Table 31 Vegetable Oil Prices

Foreign Agricultural Service/USDA 8 October 2018Office of Global Analysis

Page 9: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 01: Major Oilseeds: World Supply and Distribution (Commodity View)

Million Metric Tons

2014/15 2015/16 2016/17 2017/18

Sep

2018/19

Oct

2018/19

none

Production none

5.42 Oilseed, Copra 5.32 5.51 5.73 5.83 5.83

44.36 Oilseed, Cottonseed 35.78 39.09 45.08 44.85 44.76

16.57 Oilseed, Palm Kernel 15.96 17.36 18.40 19.21 19.11

42.13 Oilseed, Peanut 41.71 45.08 45.71 43.93 42.89

71.29 Oilseed, Rapeseed 69.81 70.85 75.15 71.70 72.13

319.96 Oilseed, Soybean 315.58 348.12 337.45 369.32 369.48

39.19 Oilseed, Sunflowerseed 40.54 48.01 47.41 49.83 49.76

538.91 Total 524.69 574.02 574.94 604.67 603.95

none

Imports none

0.10 Oilseed, Copra 0.13 0.11 0.12 0.10 0.10

0.68 Oilseed, Cottonseed 0.68 0.97 0.94 0.88 0.88

0.07 Oilseed, Palm Kernel 0.06 0.06 0.07 0.07 0.07

2.52 Oilseed, Peanut 3.31 3.12 3.19 3.29 3.29

14.32 Oilseed, Rapeseed 14.42 15.66 15.43 16.91 16.85

124.36 Oilseed, Soybean 133.33 144.35 152.45 154.12 154.32

1.56 Oilseed, Sunflowerseed 1.87 2.17 2.11 2.04 2.06

143.60 Total 153.79 166.44 174.30 177.41 177.57

none

Exports none

0.11 Oilseed, Copra 0.13 0.14 0.13 0.14 0.14

0.72 Oilseed, Cottonseed 0.71 0.88 0.98 0.91 0.84

0.04 Oilseed, Palm Kernel 0.04 0.08 0.05 0.05 0.05

3.33 Oilseed, Peanut 3.54 3.74 3.68 3.63 3.53

15.11 Oilseed, Rapeseed 14.35 15.80 16.35 17.46 17.46

126.21 Oilseed, Soybean 132.52 147.36 153.12 156.90 157.40

1.66 Oilseed, Sunflowerseed 2.01 2.44 2.51 2.31 2.31

147.17 Total 153.30 170.44 176.82 181.40 181.73

none

Crush none

5.38 Oilseed, Copra 5.30 5.45 5.70 5.78 5.78

33.79 Oilseed, Cottonseed 28.37 29.17 34.03 34.86 34.77

16.51 Oilseed, Palm Kernel 15.88 17.22 18.33 19.10 19.02

16.81 Oilseed, Peanut 16.93 18.39 18.82 18.20 17.90

67.40 Oilseed, Rapeseed 67.82 68.95 69.37 68.72 68.97

264.73 Oilseed, Soybean 274.99 287.21 294.14 308.20 308.20

35.64 Oilseed, Sunflowerseed 36.64 43.07 43.68 45.44 45.41

440.26 Total 445.93 469.47 484.06 500.30 500.05

none

Ending Stocks none

0.10 Oilseed, Copra 0.08 0.07 0.07 0.07 0.07

1.66 Oilseed, Cottonseed 0.89 1.40 1.85 1.49 1.57

0.26 Oilseed, Palm Kernel 0.24 0.24 0.22 0.28 0.21

4.26 Oilseed, Peanut 3.54 3.74 3.88 2.76 2.82

7.55 Oilseed, Rapeseed 6.65 5.33 6.79 6.04 6.20

77.96 Oilseed, Soybean 80.42 96.68 96.65 108.26 110.04

2.90 Oilseed, Sunflowerseed 2.65 3.37 2.71 2.93 2.90

94.69 Total 94.47 110.82 112.17 121.83 123.80

Totals may not add due to rounding

Foreign Agricultural Service/USDA 9 October 2018Office of Global Analysis

Page 10: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 02: Major Protein Meals: World Supply and Distribution (Commodity View)

Million Metric Tons

2014/15 2015/16 2016/17 2017/18

Sep

2018/19

Oct

2018/19

none

Production none

1.80 Meal, Copra 1.77 1.81 1.92 1.93 1.93

15.52 Meal, Cottonseed 13.07 13.43 15.72 16.06 16.03

4.69 Meal, Fish 4.51 4.89 4.83 4.71 4.71

8.53 Meal, Palm Kernel 8.21 8.86 9.57 9.92 9.89

6.69 Meal, Peanut 6.72 7.33 7.50 7.24 7.12

38.98 Meal, Rapeseed 39.35 39.79 40.05 39.78 39.92

208.46 Meal, Soybean 215.82 225.38 231.34 242.38 242.38

16.17 Meal, Sunflowerseed 16.50 19.35 19.74 20.52 20.50

300.82 Total 305.93 320.83 330.66 342.53 342.47

none

Imports none

0.67 Meal, Copra 0.56 0.47 0.52 0.53 0.53

0.25 Meal, Cottonseed 0.21 0.24 0.24 0.22 0.22

2.50 Meal, Fish 2.46 3.06 2.64 2.55 2.55

6.83 Meal, Palm Kernel 6.41 7.58 7.62 7.71 7.71

0.03 Meal, Peanut 0.02 0.13 0.06 0.07 0.07

5.99 Meal, Rapeseed 5.70 5.89 6.14 6.11 6.11

60.69 Meal, Soybean 61.86 60.49 60.23 62.15 62.15

5.53 Meal, Sunflowerseed 5.95 6.95 7.19 7.04 7.09

82.49 Total 83.18 84.80 84.62 86.38 86.43

none

Exports none

0.73 Meal, Copra 0.59 0.48 0.61 0.60 0.60

0.32 Meal, Cottonseed 0.25 0.34 0.38 0.37 0.37

2.28 Meal, Fish 2.21 2.53 2.48 2.37 2.37

6.63 Meal, Palm Kernel 6.45 6.73 7.01 7.28 7.28

0.05 Meal, Peanut 0.05 0.16 0.10 0.09 0.09

6.07 Meal, Rapeseed 5.69 6.03 6.04 6.09 6.09

64.40 Meal, Soybean 65.50 64.48 63.87 65.69 65.69

5.87 Meal, Sunflowerseed 6.23 7.44 7.05 7.21 7.21

86.36 Total 86.98 88.18 87.53 89.70 89.70

none

Domestic Consumption none

1.72 Meal, Copra 1.73 1.78 1.81 1.85 1.85

15.46 Meal, Cottonseed 13.18 13.31 15.57 15.93 15.89

4.87 Meal, Fish 4.75 5.43 4.97 4.89 4.89

8.71 Meal, Palm Kernel 8.33 9.67 10.01 10.16 10.16

6.66 Meal, Peanut 6.66 7.33 7.47 7.22 7.09

38.85 Meal, Rapeseed 39.25 39.71 40.32 39.80 40.03

201.56 Meal, Soybean 213.02 221.73 228.57 238.73 238.82

15.58 Meal, Sunflowerseed 16.18 19.12 19.91 20.44 20.47

293.42 Total 303.10 318.07 328.63 339.02 339.21

none

Ending Stocks none

0.13 Meal, Copra 0.13 0.15 0.16 0.19 0.17

0.22 Meal, Cottonseed 0.07 0.09 0.10 0.09 0.09

0.26 Meal, Fish 0.27 0.26 0.28 0.28 0.28

0.58 Meal, Palm Kernel 0.41 0.44 0.61 0.84 0.77

0.03 Meal, Peanut 0.06 0.03 0.03 0.03 0.03

0.98 Meal, Rapeseed 1.10 1.03 0.86 0.70 0.77

14.04 Meal, Soybean 13.20 12.86 11.99 10.74 12.01

1.66 Meal, Sunflowerseed 1.69 1.43 1.40 1.25 1.31

17.89 Total 16.92 16.30 15.42 14.11 15.41

Totals may not add due to rounding

Foreign Agricultural Service/USDA 10 October 2018Office of Global Analysis

Page 11: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 03: Major Vegetable Oils: World Supply and Distribution (Commodity View)

Million Metric Tons

2014/15 2015/16 2016/17 2017/18

Sep

2018/19

Oct

2018/19

none

Production none

3.37 Oil, Coconut 3.32 3.39 3.54 3.60 3.60

5.12 Oil, Cottonseed 4.29 4.42 5.16 5.29 5.28

2.40 Oil, Olive 3.13 2.48 3.27 3.15 3.15

61.75 Oil, Palm 58.89 65.26 69.28 72.76 72.26

7.32 Oil, Palm Kernel 7.00 7.63 8.17 8.41 8.39

5.44 Oil, Peanut 5.48 5.96 6.09 5.89 5.79

27.53 Oil, Rapeseed 27.77 28.17 28.48 28.12 28.22

49.28 Oil, Soybean 51.53 53.68 54.95 57.51 57.54

14.97 Oil, Sunflowerseed 15.38 18.18 18.37 19.11 19.10

177.17 Total 176.78 189.17 197.32 203.83 203.33

none

Imports none

1.82 Oil, Coconut 1.61 1.50 1.54 1.46 1.46

0.07 Oil, Cottonseed 0.05 0.05 0.05 0.05 0.04

0.90 Oil, Olive 0.79 0.79 0.89 0.87 0.87

44.47 Oil, Palm 42.37 45.49 46.19 48.70 48.60

3.06 Oil, Palm Kernel 2.63 2.69 2.70 2.76 2.72

0.25 Oil, Peanut 0.25 0.23 0.23 0.23 0.23

3.95 Oil, Rapeseed 4.13 4.39 4.51 4.69 4.69

10.03 Oil, Soybean 11.64 10.84 9.70 10.59 10.59

6.18 Oil, Sunflowerseed 7.02 8.92 8.34 8.46 8.47

70.73 Total 70.49 74.89 74.13 77.80 77.67

none

Exports none

1.94 Oil, Coconut 1.58 1.89 1.68 1.69 1.69

0.14 Oil, Cottonseed 0.06 0.07 0.09 0.08 0.08

0.99 Oil, Olive 0.87 0.88 1.01 0.99 0.99

47.41 Oil, Palm 43.79 48.92 48.77 51.79 51.79

3.24 Oil, Palm Kernel 3.02 3.08 3.24 3.25 3.25

0.26 Oil, Peanut 0.26 0.27 0.28 0.28 0.28

4.07 Oil, Rapeseed 4.17 4.52 4.63 4.74 4.74

11.12 Oil, Soybean 11.77 11.24 10.35 11.14 11.14

7.38 Oil, Sunflowerseed 8.10 10.41 9.82 9.79 9.79

76.55 Total 73.62 81.28 79.85 83.75 83.75

none

Domestic Consumption none

3.29 Oil, Coconut 3.25 3.10 3.29 3.27 3.27

5.06 Oil, Cottonseed 4.40 4.38 5.09 5.29 5.27

2.65 Oil, Olive 2.81 2.59 2.87 3.05 3.05

57.91 Oil, Palm 59.31 61.58 65.36 68.65 68.80

7.21 Oil, Palm Kernel 6.81 7.16 7.50 7.87 7.83

5.43 Oil, Peanut 5.46 5.82 6.01 5.85 5.79

27.04 Oil, Rapeseed 28.31 29.04 28.92 28.51 28.56

47.73 Oil, Soybean 52.08 53.34 54.53 56.75 56.71

14.11 Oil, Sunflowerseed 15.22 16.57 17.39 17.58 17.56

170.44 Total 177.65 183.57 190.96 196.80 196.83

none

Ending Stocks none

0.29 Oil, Coconut 0.40 0.30 0.42 0.56 0.52

0.22 Oil, Cottonseed 0.10 0.11 0.14 0.12 0.12

0.31 Oil, Olive 0.53 0.34 0.62 0.59 0.60

9.91 Oil, Palm 8.07 8.32 9.66 11.97 9.93

0.86 Oil, Palm Kernel 0.67 0.74 0.88 0.90 0.90

0.24 Oil, Peanut 0.25 0.34 0.37 0.28 0.32

5.91 Oil, Rapeseed 5.34 4.34 3.78 3.32 3.40

4.34 Oil, Soybean 3.66 3.60 3.36 3.61 3.64

2.61 Oil, Sunflowerseed 1.68 1.81 1.31 1.52 1.53

24.69 Total 20.69 19.90 20.54 22.87 20.96

Totals may not add due to rounding

Foreign Agricultural Service/USDA 11 October 2018Office of Global Analysis

Page 12: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 04: Major Oilseeds: World Supply and Distribution (Country View)

Million Metric Tons

2014/15 2015/16 2016/17 2017/18

Sep

2018/19

Oct

2018/19

Production none

116.03 United States 115.88 126.94 131.50 138.44 138.38

100.15 Brazil 99.02 117.59 123.61 124.59 124.59

66.31 Argentina 63.10 60.16 42.52 61.99 61.99

57.66 China 54.45 56.53 60.42 60.80 60.80

32.28 India 29.37 37.05 34.76 36.06 34.86

166.48 Other 162.87 175.76 182.13 182.79 183.33

538.91 Total 524.69 574.02 574.94 604.67 603.95

Imports none

83.15 China 87.93 98.42 99.16 100.25 100.25

17.35 European Union 20.14 19.28 20.49 21.76 21.76

5.73 Mexico 5.82 6.03 6.56 6.67 6.82

5.70 Japan 5.78 5.79 5.96 6.06 6.06

2.01 Egypt 1.37 2.18 3.34 3.37 3.37

2.51 Thailand 2.91 3.18 2.56 3.31 3.31

2.25 Indonesia 2.52 3.00 3.06 3.27 3.27

1.67 Pakistan 2.62 2.76 3.11 3.26 3.26

3.12 Turkey 2.98 3.01 3.30 3.14 3.14

1.38 Iran 2.04 2.15 2.72 2.83 2.83

18.72 Other 19.68 20.65 24.06 23.49 23.50

143.60 Total 153.79 166.44 174.30 177.41 177.57

Exports none

50.85 Brazil 54.65 63.37 76.47 75.28 75.28

51.11 United States 53.97 60.08 59.19 57.20 57.20

13.01 Canada 14.55 15.64 15.74 16.63 17.13

11.56 Argentina 11.21 7.88 2.97 8.87 8.87

4.62 Paraguay 5.41 6.13 6.25 5.91 5.91

4.43 Ukraine 3.89 4.13 4.93 5.50 5.60

2.92 Australia 2.23 3.41 2.96 2.84 2.67

8.67 Other 7.40 9.79 8.31 9.18 9.08

147.17 Total 153.30 170.44 176.82 181.40 181.73

Crush none

112.09 China 117.80 124.52 129.55 133.35 133.35

55.11 United States 55.06 56.26 60.18 60.87 60.85

47.84 European Union 46.74 46.97 48.23 48.43 48.63

43.39 Argentina 46.37 46.73 41.38 46.89 46.89

42.94 Brazil 41.85 42.91 46.81 46.17 46.17

25.15 India 22.70 27.60 26.97 28.03 27.63

13.08 Russia 13.59 15.40 15.80 16.95 16.95

11.45 Ukraine 12.93 15.58 14.80 15.50 15.50

10.25 Indonesia 10.02 10.98 11.58 11.95 11.95

9.06 Canada 10.25 11.05 11.21 11.35 11.35

6.41 Mexico 6.49 6.73 7.34 7.59 7.59

5.96 Pakistan 5.58 5.88 6.46 6.90 6.90

5.56 Malaysia 5.21 5.38 5.64 5.99 5.91

4.30 Turkey 3.68 4.05 4.68 5.00 5.05

4.66 Japan 4.73 4.86 4.83 4.88 4.88

43.02 Other 42.94 44.59 48.64 50.46 50.47

440.26 Total 445.93 469.47 484.06 500.30 500.05

Ending Stocks none

33.42 Argentina 34.86 37.18 34.34 37.14 37.50

6.76 United States 6.87 9.60 13.83 24.80 25.91

19.21 Brazil 18.66 26.57 23.38 22.83 23.03

18.60 China 18.32 21.93 23.66 22.01 22.01

3.85 European Union 4.15 2.73 4.04 3.11 3.80

12.84 Other 11.62 12.81 12.93 11.95 11.56

94.69 Total 94.47 110.82 112.17 121.83 123.80

Major Oilseeds includes Copra, Cottonseed, Palm Kernel, Peanut, Rapeseed, Soybeans and Sunflowerseeds.

Foreign Agricultural Service/USDA 12 October 2018Office of Global Analysis

Page 13: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 05: Major Protein Meals: World Supply and Distribution (Country View)

Million Metric Tons

2014/15 2015/16 2016/17 2017/18

Sep

2018/19

Oct

2018/19

Production none

78.57 China 83.55 88.77 91.77 94.74 94.74

43.21 United States 42.78 43.11 47.01 46.94 46.92

32.48 Brazil 31.74 32.46 35.32 34.74 34.74

32.29 Argentina 34.51 34.72 29.90 34.71 34.71

30.63 European Union 30.16 30.17 30.99 31.45 31.57

83.65 Other 83.19 91.61 95.67 99.95 99.79

300.82 Total 305.93 320.83 330.66 342.53 342.47

Imports none

25.82 European Union 25.40 24.97 24.40 24.75 24.75

4.97 Vietnam 5.71 5.67 5.49 5.70 5.70

4.04 Indonesia 4.30 4.35 4.49 4.70 4.70

3.87 United States 4.08 3.92 3.78 3.79 3.79

3.65 Thailand 2.98 3.32 3.71 3.41 3.41

3.42 Korea, South 3.39 3.03 3.17 3.22 3.22

2.31 Japan 2.60 2.93 3.03 3.13 3.13

34.39 Other 34.72 36.60 36.54 37.67 37.72

82.49 Total 83.18 84.80 84.62 86.38 86.43

Exports none

29.19 Argentina 31.09 32.13 26.13 30.70 30.70

14.29 Brazil 15.41 13.76 16.07 15.00 15.00

12.14 United States 11.18 10.83 13.82 12.62 12.62

3.74 Ukraine 4.35 5.19 4.78 5.07 5.07

3.86 Canada 4.44 4.98 4.90 5.06 5.06

4.28 Indonesia 4.12 4.51 4.79 4.89 4.89

2.59 Paraguay 2.56 2.41 2.43 2.58 2.58

16.27 Other 13.84 14.38 14.60 13.78 13.78

86.36 Total 86.98 88.18 87.53 89.70 89.70

Domestic Consumption none

78.73 China 83.33 90.79 94.02 96.66 96.66

54.24 European Union 54.30 54.60 54.32 55.18 55.28

34.94 United States 35.69 36.08 36.96 38.10 38.09

16.88 Brazil 17.46 18.12 19.02 19.77 19.77

12.16 India 12.88 13.70 14.46 14.87 14.98

5.32 Russia 5.87 6.62 7.24 7.90 7.90

6.37 Mexico 6.97 7.06 7.27 7.52 7.52

5.85 Vietnam 6.47 6.84 7.07 7.29 7.29

5.54 Japan 5.87 6.29 6.41 6.49 6.49

4.90 Indonesia 5.15 5.31 5.47 5.64 5.64

68.48 Other 69.11 72.67 76.41 79.61 79.60

293.42 Total 303.10 318.07 328.63 339.02 339.21

SME none

73.80 China 78.55 86.01 88.61 91.15 91.15

46.36 European Union 46.60 46.68 46.43 47.40 47.48

33.56 United States 34.28 34.65 35.62 36.71 36.70

16.64 Brazil 17.26 17.88 18.71 19.44 19.44

10.62 India 11.00 11.74 12.37 12.74 12.80

5.97 Mexico 6.57 6.66 6.86 7.10 7.10

5.63 Vietnam 6.23 6.55 6.79 7.01 7.01

75.15 Other 77.01 80.36 84.25 88.11 88.10

267.72 Total 277.51 290.53 299.65 309.66 309.77

Ending Stocks none

3.82 Brazil 2.72 3.33 3.58 2.81 3.58

4.26 Argentina 4.34 3.39 3.42 2.86 3.46

0.54 Indonesia 0.57 0.55 0.60 0.77 0.77

1.76 European Union 1.83 1.05 0.68 0.68 0.65

0.58 Ukraine 0.58 0.59 0.69 0.64 0.64

6.93 Other 6.88 7.39 6.46 6.35 6.31

17.89 Total 16.92 16.30 15.42 14.11 15.41

Major Protein Meals include Copra, Cottonseed, Fish, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflower Meal.

Foreign Agricultural Service/USDA 13 October 2018Office of Global Analysis

Page 14: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 06: Major Vegetable Oils: World Supply and Distribution (Country View)

Million Metric Tons

2014/15 2015/16 2016/17 2017/18

Sep

2018/19

Oct

2018/19

Production none

37.78 Indonesia 36.68 41.10 43.83 45.97 45.97

25.04 China 26.27 27.45 28.51 29.24 29.24

22.27 Malaysia 19.85 21.13 22.13 23.51 23.00

18.08 European Union 18.42 18.07 18.90 18.66 18.74

10.94 United States 11.21 11.43 12.13 12.28 12.26

8.97 Argentina 9.69 9.82 8.92 9.97 10.00

8.65 Brazil 8.46 8.73 9.49 9.38 9.38

45.45 Other 46.20 51.44 53.42 54.83 54.75

177.17 Total 176.78 189.17 197.32 203.83 203.33

Imports none

14.14 India 15.11 15.43 15.31 16.51 16.51

9.88 European Union 9.97 10.91 9.94 9.94 9.94

8.63 China 7.77 8.00 8.17 8.87 8.87

4.23 United States 4.53 4.73 4.89 5.12 4.99

2.98 Pakistan 2.91 3.28 3.19 3.35 3.35

1.79 Bangladesh 2.15 2.15 2.28 2.43 2.43

2.25 Egypt 2.04 2.16 1.96 2.03 2.03

0.87 Philippines 1.05 1.30 1.21 1.31 1.31

1.53 Turkey 1.41 1.50 1.25 1.30 1.30

1.14 Iran 0.99 1.28 1.09 1.19 1.19

23.30 Other 22.55 24.15 24.84 25.75 25.76

70.73 Total 70.49 74.89 74.13 77.80 77.67

Exports none

28.51 Indonesia 25.19 29.86 29.32 30.82 30.82

18.87 Malaysia 17.90 17.47 17.69 19.10 19.10

5.72 Argentina 6.41 6.28 5.02 5.96 5.96

4.12 Ukraine 4.81 6.11 5.60 5.83 5.83

2.54 Canada 2.93 3.32 3.32 3.36 3.36

2.23 Russia 2.23 2.98 3.20 3.13 3.13

2.48 European Union 2.48 2.42 2.46 2.57 2.57

12.08 Other 11.66 12.84 13.24 13.00 12.99

76.55 Total 73.62 81.28 79.85 83.75 83.75

Domestic Consumption none

33.66 China 34.88 36.10 37.19 38.21 38.21

25.81 European Union 26.06 26.39 26.27 26.04 26.09

19.88 India 21.02 22.06 22.56 23.18 23.10

13.68 United States 14.57 14.72 15.46 16.15 16.04

9.60 Indonesia 11.75 11.95 13.48 14.26 14.51

7.47 Brazil 7.50 7.88 8.40 8.52 8.59

4.57 Malaysia 4.54 4.31 4.81 5.19 5.19

4.15 Pakistan 4.25 4.45 4.52 4.71 4.71

3.11 Argentina 3.56 3.71 3.94 4.17 4.02

3.24 Russia 3.31 3.40 3.48 3.60 3.59

2.49 Thailand 2.44 2.70 2.98 3.11 3.11

2.56 Mexico 2.65 2.72 2.82 2.90 2.90

2.08 Bangladesh 2.37 2.49 2.64 2.80 2.80

2.48 Egypt 2.47 2.50 2.55 2.62 2.62

2.36 Japan 2.36 2.42 2.49 2.56 2.56

33.33 Other 33.92 35.79 37.37 38.79 38.79

170.44 Total 177.65 183.57 190.96 196.80 196.83

Ending Stocks none

2.72 Indonesia 2.50 1.84 2.91 5.10 3.59

2.96 Malaysia 1.73 2.17 3.05 3.34 2.95

5.20 China 4.25 3.44 2.74 2.44 2.44

1.86 European Union 1.70 1.86 1.97 1.98 1.99

1.93 India 1.74 2.02 1.48 1.72 1.63

10.03 Other 8.78 8.57 8.40 8.29 8.38

24.69 Total 20.69 19.90 20.54 22.87 20.96

Major Vegetable Oils includes Coconut, Cottonseed, Olive, Palm, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflowerseed oil.

Foreign Agricultural Service/USDA 14 October 2018Office of Global Analysis

Page 15: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 07: Soybeans: World Supply and Distribution

Thousand Metric Tons

2014/15 2015/16 2016/17 2017/18

Sep

2018/19

Oct

2018/19

Production none

106,878 United States 106,857 116,920 120,039 127,726 127,631

97,200 Brazil 96,500 114,600 119,800 120,500 120,500

61,450 Argentina 58,800 55,000 37,800 57,000 57,000

12,154 China 11,785 12,900 14,200 15,000 15,000

8,711 India 6,929 10,992 8,350 10,500 10,350

8,154 Paraguay 9,217 10,336 9,810 9,800 9,800

6,045 Canada 6,456 6,597 7,717 7,000 7,500

19,365 Other 19,033 20,776 19,736 21,791 21,698

319,957 Total 315,577 348,121 337,452 369,317 369,479

Imports none

78,350 China 83,230 93,495 94,000 94,000 94,000

13,914 European Union 15,120 13,422 15,000 15,800 15,800

3,819 Mexico 4,126 4,126 4,600 4,750 4,900

1,947 Egypt 1,300 2,115 3,250 3,300 3,300

3,004 Japan 3,186 3,175 3,250 3,300 3,300

2,411 Thailand 2,798 3,077 2,450 3,200 3,200

2,006 Indonesia 2,274 2,649 2,700 2,900 2,900

1,311 Iran 1,864 1,914 2,500 2,600 2,600

2,197 Turkey 2,283 2,271 2,600 2,600 2,600

2,520 Taiwan 2,476 2,566 2,550 2,580 2,580

12,882 Other 14,674 15,543 19,550 19,089 19,139

124,361 Total 133,331 144,353 152,450 154,119 154,319

Exports none

50,612 Brazil 54,383 63,137 76,193 75,000 75,000

50,136 United States 52,870 58,960 57,945 56,064 56,064

10,575 Argentina 9,922 7,026 2,100 8,000 8,000

4,576 Paraguay 5,400 6,129 6,250 5,900 5,900

3,763 Canada 4,236 4,592 4,928 5,000 5,500

6,548 Other 5,705 7,512 5,708 6,939 6,939

126,210 Total 132,516 147,356 153,124 156,903 157,403

Crush none

74,500 China 81,500 88,000 90,000 93,500 93,500

50,975 United States 51,335 51,742 55,926 56,336 56,336

40,235 Argentina 43,267 43,309 37,500 43,000 43,000

40,435 Brazil 39,747 40,411 43,600 42,700 42,700

14,450 European Union 14,950 14,400 15,000 16,600 16,600

7,700 India 5,500 9,000 7,600 9,000 9,000

4,175 Mexico 4,400 4,600 5,000 5,200 5,200

3,600 Russia 4,000 4,400 4,600 5,100 5,100

3,700 Paraguay 3,800 3,750 3,700 3,950 3,950

1,950 Egypt 1,150 2,200 3,200 3,300 3,300

1,450 Iran 1,950 2,050 2,650 2,750 2,750

500 Pakistan 1,250 1,680 2,300 2,400 2,400

2,450 Bolivia 2,550 2,050 2,550 2,350 2,350

2,150 Japan 2,283 2,392 2,350 2,350 2,350

1,980 Taiwan 1,980 2,045 2,080 2,100 2,100

14,476 Other 15,326 15,181 16,083 17,565 17,565

264,726 Total 274,988 287,210 294,139 308,201 308,201

Ending Stocks none

31,750 Argentina 33,650 35,464 32,970 35,970 36,270

5,188 United States 5,354 8,208 11,923 22,998 24,088

19,078 Brazil 18,558 26,462 23,200 22,650 22,850

17,009 China 16,910 20,391 22,456 20,756 20,756

843 European Union 1,559 1,131 1,873 1,423 1,823

4,095 Other 4,392 5,020 4,232 4,467 4,257

77,963 Total 80,423 96,676 96,654 108,264 110,044

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 Jan/Dec MY.

Foreign Agricultural Service/USDA 15 October 2018Office of Global Analysis

Page 16: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 08: Soybean Meal: World Supply and Distribution

Thousand Metric Tons

2014/15 2015/16 2016/17 2017/18

Sep

2018/19

Oct

2018/19

Production none

59,004 China 64,548 69,696 71,280 74,052 74,052

40,880 United States 40,525 40,630 44,633 44,407 44,407

31,300 Brazil 30,750 31,280 33,800 33,100 33,100

30,928 Argentina 33,211 33,280 28,250 33,050 33,050

11,416 European Union 11,811 11,376 11,850 13,114 13,114

6,160 India 4,400 7,200 6,080 7,200 7,200

3,300 Mexico 3,480 3,635 3,950 4,108 4,108

25,468 Other 27,090 28,286 31,499 33,348 33,348

208,456 Total 215,815 225,383 231,342 242,379 242,379

Imports none

19,623 European Union 19,207 18,869 18,400 18,500 18,500

4,311 Vietnam 5,094 4,945 4,800 5,000 5,000

3,902 Indonesia 4,203 4,255 4,400 4,600 4,600

2,204 Philippines 2,618 2,662 2,750 2,850 2,850

3,068 Thailand 2,433 2,782 3,150 2,850 2,850

1,795 Mexico 2,367 1,991 2,000 2,070 2,070

1,751 Korea, South 2,118 1,764 1,850 1,870 1,870

1,699 Japan 1,721 1,621 1,650 1,650 1,650

1,148 Colombia 1,206 1,284 1,425 1,500 1,500

1,465 Malaysia 1,291 1,427 1,525 1,500 1,500

19,719 Other 19,601 18,887 18,276 19,761 19,761

60,685 Total 61,859 60,487 60,226 62,151 62,151

Exports none

28,575 Argentina 30,333 31,323 25,250 29,800 29,800

14,290 Brazil 15,407 13,762 16,074 15,000 15,000

11,891 United States 10,844 10,505 13,517 12,247 12,247

2,569 Paraguay 2,552 2,407 2,430 2,580 2,580

1,674 Bolivia 1,726 1,264 1,690 1,550 1,550

5,405 Other 4,640 5,214 4,905 4,509 4,509

64,404 Total 65,502 64,475 63,866 65,686 65,686

Domestic Consumption none

57,467 China 62,663 68,646 70,410 73,182 73,182

29,282 United States 30,044 30,318 31,570 32,478 32,478

30,142 European Union 30,742 30,292 30,042 31,342 31,342

15,700 Brazil 16,470 16,943 17,500 18,130 18,130

4,750 Vietnam 5,470 5,740 5,990 6,170 6,170

5,050 Mexico 5,700 5,770 5,930 6,150 6,150

4,500 India 4,460 4,750 4,970 5,620 5,740

4,000 Indonesia 4,200 4,264 4,450 4,600 4,600

4,100 Thailand 4,230 4,232 4,250 4,350 4,350

2,700 Russia 3,100 3,250 3,600 4,000 4,000

2,650 Egypt 2,850 2,980 3,150 3,425 3,425

3,365 Japan 3,458 3,420 3,463 3,420 3,420

3,000 Iran 3,080 3,180 3,275 3,380 3,380

2,402 Argentina 2,672 2,853 3,000 3,215 3,185

2,400 Philippines 2,600 2,720 2,850 2,950 2,950

30,053 Other 31,280 32,370 34,124 36,321 36,321

201,561 Total 213,019 221,728 228,574 238,733 238,823

Ending Stocks none

3,812 Brazil 2,710 3,320 3,576 2,800 3,576

4,025 Argentina 4,231 3,335 3,335 2,800 3,400

236 United States 239 363 363 363 363

553 India 130 583 208 293 283

270 Vietnam 550 493 314 253 253

5,146 Other 5,335 4,768 4,194 4,226 4,136

14,042 Total 13,195 12,862 11,990 10,735 12,011

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, Vietnam and the Philippines are on a January/December MY and Bolivia is on a

March/February MY.

Foreign Agricultural Service/USDA 16 October 2018Office of Global Analysis

Page 17: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 09: Soybean Oil: World Supply and Distribution

Thousand Metric Tons

2014/15 2015/16 2016/17 2017/18

Sep

2018/19

Oct

2018/19

Production none

13,347 China 14,605 15,770 16,128 16,755 16,755

9,706 United States 9,956 10,035 10,793 10,845 10,845

7,687 Argentina 8,433 8,395 7,310 8,360 8,390

7,759 Brazil 7,627 7,755 8,370 8,195 8,195

2,746 European Union 2,841 2,736 2,850 3,154 3,154

1,386 India 990 1,620 1,368 1,620 1,620

745 Mexico 785 820 892 930 930

5,905 Other 6,289 6,553 7,238 7,653 7,653

49,281 Total 51,526 53,684 54,949 57,512 57,542

Imports none

2,815 India 4,269 3,534 3,000 3,400 3,400

508 Bangladesh 639 830 780 780 780

631 Algeria 732 667 720 760 760

773 China 586 711 450 700 700

432 Morocco 465 497 500 515 515

395 Peru 382 449 400 435 435

304 Colombia 372 352 355 375 375

257 Korea, South 250 306 285 300 300

480 Egypt 674 246 245 250 250

421 Iran 299 257 200 250 250

3,018 Other 2,970 2,991 2,760 2,820 2,820

10,034 Total 11,638 10,840 9,695 10,585 10,585

Exports none

5,094 Argentina 5,698 5,387 4,130 5,100 5,100

1,510 Brazil 1,550 1,241 1,520 1,275 1,275

1,010 European Union 915 831 900 1,000 1,000

914 United States 1,017 1,159 1,111 998 998

699 Paraguay 709 680 670 710 710

423 Russia 431 529 535 600 600

392 Bolivia 444 236 380 340 340

1,073 Other 1,005 1,181 1,106 1,113 1,113

11,115 Total 11,769 11,244 10,352 11,136 11,136

Domestic Consumption none

14,200 China 15,350 16,350 16,550 17,300 17,300

8,600 United States 9,145 9,010 9,616 9,979 10,024

6,215 Brazil 6,290 6,570 6,935 6,965 7,035

4,100 India 5,250 5,200 4,600 4,800 4,800

2,401 Argentina 2,840 2,985 3,205 3,418 3,268

2,040 European Union 2,285 2,205 2,225 2,255 2,255

961 Mexico 1,020 1,050 1,080 1,160 1,160

668 Bangladesh 785 1,005 990 1,000 1,000

752 Egypt 960 610 760 810 810

640 Algeria 700 710 710 750 750

660 Iran 680 700 710 720 720

242 Pakistan 415 470 490 525 525

450 Morocco 480 470 495 515 515

435 Korea, South 440 450 470 495 495

385 Colombia 425 440 450 460 460

4,977 Other 5,015 5,116 5,243 5,594 5,594

47,726 Total 52,080 53,341 54,529 56,746 56,711

Ending Stocks none

841 United States 765 776 1,001 982 960

778 China 523 536 429 459 459

471 India 477 430 196 461 411

365 Argentina 260 283 258 210 280

198 European Union 164 149 154 274 253

1,689 Other 1,468 1,422 1,321 1,223 1,276

4,342 Total 3,657 3,596 3,359 3,609 3,639

Most countries are on an October/September Marketing Year (MY). Mexico is on a September/August MY. Paraguay and Peru are

on an January/December MY and Bolivia is on a March/February MY.

Foreign Agricultural Service/USDA 17 October 2018Office of Global Analysis

Page 18: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 10: Soybeans and Products: World Trade

Thousand Metric Tons

Marketing Year

Meal, Soybean Oil, Soybean Oilseed, Soybean

2018/192017/182016/172018/192017/182016/172018/192017/182016/17

Exports

North America 10,809 13,888 12,612 1,358 1,272 1,152 63,552 62,873 61,564

Canada (Aug-Jul) 291 357 350 175 157 150 4,592 4,928 5,500

United States (Oct-Sep) 10,505 13,517 12,247 1,159 1,111 998 58,960 57,945 56,064

South America 48,766 45,455 48,940 7,555 6,712 7,437 79,537 85,810 91,343

Argentina (Oct-Sep) 31,323 25,250 29,800 5,387 4,130 5,100 7,026 2,100 8,000

Brazil (Oct-Sep) 13,762 16,074 15,000 1,241 1,520 1,275 63,137 76,193 75,000

Paraguay (Jan-Dec) 2,407 2,430 2,580 680 670 710 6,129 6,250 5,900

South Asia 2,021 1,507 1,408 1 2 5 269 250 200

India (Oct-Sep) 2,008 1,500 1,400 1 2 5 269 250 200

Other 2,879 3,016 2,726 2,330 2,366 2,542 3,998 4,191 4,296

World Total 64,475 63,866 65,686 11,244 10,352 11,136 147,356 153,124 157,403

Imports

European Union (Oct-Sep) 18,869 18,400 18,500 285 280 200 13,422 15,000 15,800

East Asia 3,502 3,698 3,627 1,145 857 1,133 100,525 101,132 101,282

China (Oct-Sep) 61 130 30 711 450 700 93,495 94,000 94,000

Japan (Oct-Sep) 1,621 1,650 1,650 5 5 5 3,175 3,250 3,300

Korea, South (Oct-Sep) 1,764 1,850 1,870 306 285 300 1,286 1,330 1,400

Taiwan (Oct-Sep) 33 38 42 0 0 0 2,566 2,550 2,580

Southeast Asia 16,097 16,651 16,826 273 258 288 8,408 8,070 9,391

Indonesia (Oct-Sep) 4,255 4,400 4,600 23 23 23 2,649 2,700 2,900

Malaysia (Oct-Sep) 1,427 1,525 1,500 138 120 120 768 850 880

Philippines (Jan-Dec) 2,662 2,750 2,850 56 45 47 248 200 240

Thailand (Sep-Aug) 2,782 3,150 2,850 8 0 8 3,077 2,450 3,200

Vietnam (Jan-Dec) 4,945 4,800 5,000 30 50 70 1,646 1,850 2,150

North America 3,129 3,477 3,368 423 355 391 5,218 5,681 6,160

Canada (Aug-Jul) 821 1,023 980 23 21 25 486 487 580

Mexico (Sep-Aug) 1,991 2,000 2,070 255 175 230 4,126 4,600 4,900

South America 4,878 5,140 5,431 1,251 1,188 1,279 3,096 5,291 3,740

Brazil (Oct-Sep) 35 30 30 60 60 60 252 185 350

Colombia (Oct-Sep) 1,284 1,425 1,500 352 355 375 561 550 575

Central America 1,165 1,204 1,258 177 166 170 341 354 373

Caribbean 1,007 1,052 1,098 344 320 331 147 148 153

Middle East 4,950 3,980 4,795 345 318 365 5,232 6,265 6,420

Iran (Oct-Sep) 1,507 1,050 1,250 257 200 250 1,914 2,500 2,600

Israel (Oct-Sep) 154 165 200 10 10 10 374 425 430

Syria (Jan-Dec) 20 25 35 0 1 1 3 15 15

Turkey (Oct-Sep) 790 500 700 0 0 0 2,271 2,600 2,600

North Africa 3,135 2,750 3,060 1,560 1,585 1,655 2,653 3,970 4,105

Egypt (Oct-Sep) 1,053 600 825 246 245 250 2,115 3,250 3,300

Other 3,755 3,874 4,188 5,037 4,368 4,773 5,311 6,539 6,895

World Total 60,487 60,226 62,151 10,840 9,695 10,585 144,353 152,450 154,319

Foreign Agricultural Service/USDA 18 October 2018Office of Global Analysis

Page 19: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 11: Palm Oil: World Supply and Distribution

Thousand Metric Tons

2014/15 2015/16 2016/17 2017/18

Sep

2018/19

Oct

2018/19

Production none

33,000 Indonesia 32,000 36,000 38,500 40,500 40,500

19,879 Malaysia 17,700 18,858 19,683 21,000 20,500

2,068 Thailand 1,804 2,500 2,700 2,900 2,900

1,110 Colombia 1,275 1,147 1,628 1,530 1,530

910 Nigeria 970 970 970 970 970

4,783 Other 5,141 5,780 5,801 5,859 5,859

61,750 Total 58,890 65,255 69,282 72,759 72,259

Imports none

9,139 India 8,860 9,341 9,500 10,600 10,600

6,935 European Union 6,636 7,224 6,500 6,500 6,500

5,696 China 4,689 4,881 5,100 5,400 5,400

2,826 Pakistan 2,720 3,075 3,100 3,250 3,250

1,280 Bangladesh 1,511 1,314 1,500 1,650 1,650

1,143 United States 1,307 1,367 1,580 1,600 1,500

1,489 Egypt 1,038 1,323 1,250 1,300 1,300

792 Philippines 941 1,165 1,100 1,200 1,200

854 Russia 933 849 960 950 950

715 Vietnam 727 792 820 840 840

13,602 Other 13,008 14,163 14,777 15,408 15,408

44,471 Total 42,370 45,494 46,187 48,698 48,598

Exports none

25,964 Indonesia 22,906 27,633 27,000 28,500 28,500

17,403 Malaysia 16,667 16,313 16,469 17,900 17,900

453 Guatemala 614 718 710 712 712

316 Colombia 420 502 700 700 700

607 Papua New Guinea 575 663 635 640 640

2,671 Other 2,606 3,090 3,253 3,335 3,335

47,414 Total 43,788 48,919 48,767 51,787 51,787

Domestic Consumption none

7,220 Indonesia 9,270 9,160 10,490 11,055 11,310

9,150 India 9,100 9,550 9,800 10,820 10,820

6,900 European Union 6,600 6,800 6,550 6,450 6,450

5,700 China 4,800 4,830 5,050 5,400 5,400

2,946 Malaysia 3,000 2,699 3,120 3,449 3,450

2,738 Pakistan 2,795 2,995 3,145 3,245 3,245

1,925 Thailand 1,835 2,106 2,440 2,440 2,440

1,275 Bangladesh 1,411 1,314 1,470 1,625 1,625

1,092 United States 1,269 1,355 1,562 1,580 1,480

811 Philippines 930 1,250 1,250 1,320 1,320

1,350 Egypt 1,100 1,300 1,280 1,300 1,300

1,410 Nigeria 1,320 1,240 1,260 1,290 1,290

943 Colombia 940 952 1,018 1,028 1,028

810 Russia 850 850 910 920 920

674 Vietnam 755 806 827 837 837

12,967 Other 13,334 14,372 15,191 15,886 15,886

57,911 Total 59,309 61,579 65,363 68,645 68,801

Ending Stocks none

2,434 Indonesia 2,258 1,470 2,480 4,680 3,170

2,611 Malaysia 1,460 1,904 2,748 3,000 2,598

539 India 499 490 390 470 370

456 European Union 344 630 440 350 350

382 Pakistan 307 387 342 347 347

3,485 Other 3,202 3,440 3,260 3,119 3,094

9,907 Total 8,070 8,321 9,660 11,966 9,929

Foreign Agricultural Service/USDA 19 October 2018Office of Global Analysis

Page 20: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 12: Rapeseed and Products: World Supply and Distribution

Thousand Metric Tons

Marketing Year

Meal, Rapeseed Oil, Rapeseed Oilseed, Rapeseed

2018/192017/182016/172018/192017/182016/172018/192017/182016/17

Production

China (Oct-Sep) 10,771 11,128 11,247 7,059 7,293 7,371 14,546 14,400 13,950

India (Oct-Sep) 3,403 3,224 3,254 2,166 2,052 2,071 6,620 6,450 6,500

Canada (Aug-Jul) 5,150 5,149 5,285 4,017 4,143 4,110 19,599 21,328 21,100

Japan (Oct-Sep) 1,355 1,360 1,390 1,061 1,075 1,095 4 4 4

European Union (Jul-Jun) 13,908 13,851 13,110 10,199 10,157 9,614 20,538 22,145 19,500

Other 5,206 5,333 5,634 3,667 3,763 3,958 9,547 10,827 11,073

World Total 39,793 40,045 39,920 28,169 28,483 28,219 70,854 75,154 72,127

Imports

China (Oct-Sep) 875 1,250 1,000 802 1,000 1,000 4,260 4,600 5,600

India (Oct-Sep) 0 0 0 317 300 300 0 0 0

Canada (Aug-Jul) 25 17 18 54 14 20 94 107 100

Japan (Oct-Sep) 8 7 7 15 18 10 2,392 2,450 2,500

European Union (Jul-Jun) 219 242 300 153 158 150 4,224 4,005 4,400

Other 4,762 4,621 4,781 3,046 3,017 3,211 4,688 4,267 4,245

World Total 5,889 6,137 6,106 4,387 4,507 4,691 15,658 15,429 16,845

Exports

China (Oct-Sep) 12 15 15 18 20 20 0 0 0

India (Oct-Sep) 414 550 450 3 3 3 0 0 0

Canada (Aug-Jul) 4,681 4,535 4,700 3,133 3,151 3,200 11,022 10,789 11,600

Japan (Oct-Sep) 7 5 5 1 1 1 0 0 0

European Union (Jul-Jun) 511 458 300 342 271 250 319 131 130

Other 408 475 623 1,025 1,179 1,261 4,458 5,430 5,730

World Total 6,033 6,038 6,093 4,522 4,625 4,735 15,799 16,350 17,460

Domestic Consumption

China (Oct-Sep) 11,634 12,363 12,232 8,700 8,900 8,650 18,700 19,300 19,500

India (Oct-Sep) 2,750 2,800 2,900 2,475 2,380 2,380 6,650 6,400 6,500

Canada (Aug-Jul) 539 614 615 956 965 985 9,420 9,597 9,591

Japan (Oct-Sep) 1,377 1,372 1,400 1,078 1,081 1,102 2,442 2,455 2,505

European Union (Jul-Jun) 13,850 13,700 13,100 10,100 10,000 9,550 25,400 25,350 24,000

Other 9,562 9,470 9,778 5,729 5,595 5,891 9,424 9,663 10,014

World Total 39,712 40,319 40,025 29,038 28,921 28,558 72,036 72,765 72,110

Ending Stocks

China (Oct-Sep) 0 0 0 2,676 2,049 1,750 1,346 1,046 1,096

India (Oct-Sep) 484 358 262 302 271 259 439 489 489

Canada (Aug-Jul) 52 69 57 473 514 459 1,342 2,391 2,400

Japan (Oct-Sep) 59 49 41 27 38 40 21 20 19

European Union (Jul-Jun) 274 209 219 435 479 443 928 1,597 1,367

Other 163 172 186 426 432 449 1,249 1,250 824

World Total 1,032 857 765 4,339 3,783 3,400 5,325 6,793 6,195

Foreign Agricultural Service/USDA 20 October 2018Office of Global Analysis

Page 21: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 13: Sunflowerseed and Products: World Supply and Distribution

Thousand Metric Tons

Marketing Year

Oilseed, Sunflowerseed Meal, Sunflowerseed Oil, Sunflowerseed

2018/192017/182016/172018/192017/182016/172018/192017/182016/17

Production

Argentina (Sep-Aug) 3,547 3,538 3,500 1,270 1,452 1,452 1,288 1,465 1,465

Russia (Sep-Aug) 10,858 10,362 11,000 4,146 4,105 4,269 4,171 4,130 4,295

Turkey (Sep-Aug) 1,320 1,550 1,800 963 1,100 1,155 761 890 935

Ukraine (Sep-Aug) 15,200 13,700 15,000 6,030 5,658 5,989 6,351 5,891 6,235

European Union (Oct-Sep) 8,598 9,679 9,600 4,266 4,644 4,698 3,338 3,634 3,676

Other 8,485 8,577 8,856 2,674 2,783 2,941 2,271 2,362 2,491

World Total 48,008 47,406 49,756 19,349 19,742 20,504 18,180 18,372 19,097

Imports

Argentina (Sep-Aug) 0 0 0 0 0 0 0 0 0

Russia (Sep-Aug) 107 50 50 11 40 20 18 30 20

Turkey (Sep-Aug) 591 650 500 958 935 930 793 515 500

Ukraine (Sep-Aug) 24 33 20 1 7 0 0 2 2

European Union (Oct-Sep) 697 505 550 3,708 3,600 3,800 1,834 1,500 1,650

Other 754 870 936 2,267 2,605 2,338 6,279 6,289 6,300

World Total 2,173 2,108 2,056 6,945 7,187 7,088 8,924 8,336 8,472

Exports

Argentina (Sep-Aug) 75 75 75 789 825 850 770 765 735

Russia (Sep-Aug) 368 95 100 1,300 1,200 1,200 2,178 2,300 2,100

Turkey (Sep-Aug) 47 60 60 4 5 5 635 390 370

Ukraine (Sep-Aug) 191 45 100 4,807 4,350 4,600 5,851 5,350 5,600

European Union (Oct-Sep) 353 625 350 275 400 300 459 500 490

Other 1,406 1,608 1,626 263 274 259 513 511 497

World Total 2,440 2,508 2,311 7,438 7,054 7,214 10,406 9,816 9,792

Domestic Consumption

Argentina (Sep-Aug) 3,130 3,560 3,556 540 600 620 707 712 727

Russia (Sep-Aug) 10,580 10,460 10,860 2,850 2,950 3,150 2,055 2,010 2,115

Turkey (Sep-Aug) 1,862 2,122 2,232 1,850 2,050 2,070 980 1,020 1,030

Ukraine (Sep-Aug) 14,780 13,890 14,700 1,300 1,270 1,375 580 585 590

European Union (Oct-Sep) 8,990 9,690 9,790 7,860 7,960 8,210 4,610 4,590 4,790

Other 7,688 7,937 8,179 4,721 5,077 5,043 7,633 8,474 8,308

World Total 47,030 47,659 49,317 19,121 19,907 20,468 16,565 17,391 17,560

Ending Stocks

Argentina (Sep-Aug) 1,238 1,141 1,010 45 72 54 26 14 17

Russia (Sep-Aug) 344 201 291 352 347 286 234 84 184

Turkey (Sep-Aug) 49 67 75 150 130 140 31 26 61

Ukraine (Sep-Aug) 421 219 439 434 479 493 125 83 130

European Union (Oct-Sep) 600 469 479 328 212 200 261 305 351

Other 713 615 602 120 157 134 1,136 802 788

World Total 3,365 2,712 2,896 1,429 1,397 1,307 1,813 1,314 1,531

Foreign Agricultural Service/USDA 21 October 2018Office of Global Analysis

Page 22: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 14: Minor Vegetable Oils: World Supply and Distribution

Thousand Metric Tons

Marketing Year

Oil, Peanut Oil, Cottonseed Oil, Olive

2018/192017/182016/172018/192017/182016/172018/192017/182016/17

Production

China (Oct-Sep) 2,896 3,040 2,992 1,115 1,382 1,395 5 5 5

India (Oct-Sep) 1,254 1,254 990 1,166 1,325 1,310 nr nr nr

Turkey (Nov-Oct) 7 7 7 187 232 268 177 280 250

United States (Aug-Jul) 129 105 117 246 256 267 15 16 16

European Union (Oct-Sep) 13 13 13 35 44 44 1,745 2,200 2,240

Other 1,659 1,675 1,673 1,671 1,923 2,000 540 767 636

World Total 5,958 6,094 5,792 4,420 5,162 5,284 2,482 3,268 3,147

Imports

China (Oct-Sep) 111 110 110 0 0 0 44 46 48

India (Oct-Sep) 0 0 0 0 0 0 nr nr nr

Turkey (Nov-Oct) 0 0 0 0 0 0 0 0 0

United States (Aug-Jul) 18 32 27 0 1 1 316 322 330

European Union (Oct-Sep) 73 60 70 1 1 1 110 190 150

Other 24 23 23 45 44 42 318 328 346

World Total 226 225 230 46 46 44 788 886 874

Exports

China (Oct-Sep) 8 8 8 2 5 5 0 0 0

India (Oct-Sep) 13 15 13 0 0 0 nr nr nr

Turkey (Nov-Oct) 0 0 0 1 2 2 48 75 90

United States (Aug-Jul) 5 5 5 47 50 45 12 12 10

European Union (Oct-Sep) 4 5 5 0 0 0 627 630 670

Other 235 249 249 23 32 32 193 288 221

World Total 265 282 280 73 89 84 880 1,005 991

Domestic Consumption

China (Oct-Sep) 2,999 3,142 3,094 1,113 1,377 1,390 49 51 53

India (Oct-Sep) 1,160 1,210 1,010 1,165 1,320 1,320 nr nr nr

Turkey (Nov-Oct) 7 7 7 185 234 261 145 160 165

United States (Aug-Jul) 139 133 139 198 204 223 319 326 336

European Union (Oct-Sep) 80 67 77 36 45 45 1,370 1,570 1,720

Other 1,439 1,453 1,461 1,687 1,909 2,030 702 758 774

World Total 5,824 6,012 5,788 4,384 5,089 5,269 2,585 2,865 3,048

Ending Stocks

China (Oct-Sep) 0 0 0 0 0 0 0 0 0

India (Oct-Sep) 237 266 233 39 44 34 nr nr nr

Turkey (Nov-Oct) 0 0 0 5 1 6 23 68 63

United States (Aug-Jul) 12 11 11 20 23 23 0 0 0

European Union (Oct-Sep) 5 6 7 0 0 0 173 363 363

Other 88 84 70 47 73 53 141 190 177

World Total 342 367 321 111 141 116 337 621 603

Foreign Agricultural Service/USDA 22 October 2018Office of Global Analysis

Page 23: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 15: World Oilseeds and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Major Oilseeds

393.92 31.7175.60528.8675.4159.53220.64 2005/06 386.90 66.35

405.56 31.4882.89552.7580.8366.35223.39 2006/07 394.49 75.37

391.19 31.7091.76557.0190.4575.37219.53 2007/08 402.41 62.84

398.71 33.6094.15556.1094.5562.84230.41 2008/09 404.67 57.27

447.19 34.79107.61607.06102.6057.27235.76 2009/10 425.25 74.20

460.85 36.32108.32640.08105.0374.20245.60 2010/11 446.84 84.92

447.27 36.47110.98645.34113.1584.92248.93 2011/12 466.83 67.52

475.67 36.66118.12657.97114.7867.52256.69 2012/13 470.61 69.24

504.96 37.62133.77707.76133.5669.24260.94 2013/14 494.55 79.45

538.91 38.82147.17761.95143.6079.45267.08 2014/15 520.09 94.69

524.69 39.83153.30773.17153.7994.69264.80 2015/16 525.41 94.47

574.02 41.83170.44834.93166.4494.47266.93 2016/17 553.68 110.82

574.94 43.38176.82860.05174.30110.82277.59 2017/18 571.06 112.17

603.95 44.20181.73893.69177.57112.17283.88 2018/19 588.15 123.80

Major Protein Meals

217.20 0.2867.35291.1065.688.21nr 2005/06 214.86 8.89

224.21 0.2869.25300.4067.308.89nr 2006/07 220.84 10.32

231.64 0.2972.93312.3970.4310.32nr 2007/08 229.08 10.38

229.93 0.3270.15308.7568.4410.38nr 2008/09 230.05 8.55

244.39 0.4072.70323.3970.448.55nr 2009/10 240.46 10.23

257.51 0.3377.90342.8675.1310.23nr 2010/11 252.00 12.96

267.76 0.4081.12359.9479.2112.96nr 2011/12 264.14 14.68

269.72 0.4379.37359.1574.7614.68nr 2012/13 266.93 12.85

283.21 0.4483.31376.4280.3612.85nr 2013/14 278.75 14.36

300.82 0.4586.36397.6682.4914.36nr 2014/15 293.42 17.89

305.93 0.4886.98407.0083.1817.89nr 2015/16 303.10 16.92

320.83 0.5988.18422.5584.8016.92nr 2016/17 318.07 16.30

330.66 0.6487.53431.5884.6216.30nr 2017/18 328.63 15.42

342.47 0.6789.70444.3286.4315.42nr 2018/19 339.21 15.41

Major Vegetable Oils

119.85 94.0248.51175.8243.5312.4513.61 2005/06 113.19 14.12

122.75 96.4050.29183.5946.7314.1214.20 2006/07 118.69 14.62

129.72 99.4854.45194.4350.0814.6214.73 2007/08 125.05 14.93

134.93 103.2056.64203.5553.7014.9315.61 2008/09 131.15 15.76

142.38 107.2958.81213.5455.3915.7616.46 2009/10 137.97 16.76

149.14 109.9160.77222.7056.8016.7617.50 2010/11 142.56 19.38

158.29 116.0864.85239.4461.7819.3818.47 2011/12 151.86 22.74

161.58 121.5668.34249.5665.2322.7419.12 2012/13 159.04 22.18

171.90 126.0570.26261.0266.9422.1819.98 2013/14 166.98 23.78

177.17 131.0376.55271.6870.7323.7820.81 2014/15 170.44 24.69

176.78 135.2773.62271.9670.4924.6921.72 2015/16 177.65 20.69

189.17 140.0981.28284.7574.8920.6922.38 2016/17 183.57 19.90

197.32 144.3279.85291.3574.1319.9023.20 2017/18 190.96 20.54

203.33 148.7383.75301.5477.6720.5423.64 2018/19 196.83 20.96

Based on the aggregate of different marketing years

Foreign Agricultural Service/USDA 23 October 2018Office of Global Analysis

Page 24: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 16: World Soybeans and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean

220.78 186.3563.64333.4564.1048.5693.03 2005/06 215.94 53.87

235.70 195.5570.91358.6169.0553.8794.92 2006/07 224.68 63.03

219.15 202.6378.70360.8678.6863.0391.05 2007/08 229.85 52.32

212.06 194.7976.71342.2777.9052.3296.46 2008/09 222.64 42.92

260.73 210.3192.06391.1687.5142.92102.59 2009/10 238.99 60.11

264.39 222.2291.57414.2989.7960.11103.43 2010/11 252.79 69.93

240.38 229.0991.77404.8694.5569.93102.90 2011/12 259.31 53.77

268.47 231.75100.36419.4497.2053.77110.02 2012/13 263.13 55.94

282.71 242.80112.72451.72113.0755.94112.63 2013/14 276.53 62.47

319.96 264.73126.21506.79124.3662.47118.39 2014/15 302.62 77.96

315.58 274.99132.52526.87133.3377.96120.08 2015/16 313.93 80.42

348.12 287.21147.36572.90144.3580.42119.00 2016/17 328.87 96.68

337.45 294.14153.12586.58152.4596.68123.84 2017/18 336.80 96.65

369.48 308.20157.40620.45154.3296.65129.42 2018/19 353.01 110.04

Meal, Soybean

146.73 186.3753.03204.0551.385.94nr 2005/06 144.88 6.14

153.81 195.5754.84212.6952.746.14nr 2006/07 150.41 7.43

159.01 202.6556.50221.2254.787.43nr 2007/08 156.97 7.75

153.00 194.8753.27212.4251.677.75nr 2008/09 153.84 5.31

165.62 210.3955.94224.4753.545.31nr 2009/10 161.58 6.96

175.03 222.3158.89238.8556.876.96nr 2010/11 170.65 9.31

180.86 229.2058.71247.1957.029.31nr 2011/12 177.72 10.76

182.20 231.8958.39247.0354.0710.76nr 2012/13 178.79 9.85

190.40 242.9660.65258.0157.779.85nr 2013/14 186.50 10.87

208.46 264.9164.40280.0160.6910.87nr 2014/15 201.56 14.04

215.82 275.2265.50291.7261.8614.04nr 2015/16 213.02 13.20

225.38 287.5264.48299.0760.4913.20nr 2016/17 221.73 12.86

231.34 294.7063.87304.4360.2312.86nr 2017/18 228.57 11.99

242.38 308.8265.69316.5262.1511.99nr 2018/19 238.82 12.01

Oil, Soybean

34.91 186.359.7947.018.803.30nr 2005/06 33.40 3.82

36.41 195.5510.5050.009.773.82nr 2006/07 35.45 4.05

37.79 202.6310.8852.1310.294.05nr 2007/08 37.28 3.97

36.12 194.799.2149.109.003.97nr 2008/09 36.32 3.57

38.92 210.319.1950.978.483.57nr 2009/10 38.15 3.64

41.46 222.229.6254.489.383.64nr 2010/11 40.49 4.37

42.80 229.098.5355.178.004.37nr 2011/12 42.46 4.19

43.33 231.759.3356.028.514.19nr 2012/13 42.58 4.11

45.23 242.809.4258.609.274.11nr 2013/14 45.31 3.87

49.28 264.7311.1263.1810.033.87nr 2014/15 47.73 4.34

51.53 274.9911.7767.5111.644.34nr 2015/16 52.08 3.66

53.68 287.2111.2468.1810.843.66nr 2016/17 53.34 3.60

54.95 294.0410.3568.249.703.60nr 2017/18 54.53 3.36

57.54 308.2011.1471.4910.593.36nr 2018/19 56.71 3.64

Based on the aggregate of different marketing years, primarily October through September.

Foreign Agricultural Service/USDA 24 October 2018Office of Global Analysis

Page 25: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 17: World Rapeseed and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Oilseed, Rapeseed

48.84 0.356.9860.676.715.1327.32 2005/06 48.06 5.63

45.75 0.356.6558.417.025.6326.76 2006/07 46.57 5.20

48.34 0.358.1861.107.575.2028.65 2007/08 49.20 3.72

57.87 0.4012.2073.7312.153.7230.96 2008/09 54.70 6.83

60.91 0.4210.9078.5510.816.8330.76 2009/10 59.62 8.03

60.82 0.4510.9379.0310.188.0333.63 2010/11 59.96 8.14

61.52 0.4512.9982.9013.248.1433.45 2011/12 63.64 6.27

63.91 0.4712.5783.0112.836.2736.03 2012/13 65.54 4.90

71.53 0.4915.1091.9815.554.9036.01 2013/14 69.37 7.51

71.29 0.5515.1193.1114.327.5135.48 2014/15 70.46 7.55

69.81 0.6514.3591.7814.427.5533.82 2015/16 70.79 6.65

70.85 0.6515.8093.1615.666.6534.08 2016/17 72.04 5.33

75.15 0.6516.3595.9115.435.3335.92 2017/18 72.77 6.79

72.13 0.6517.4695.7716.856.7936.41 2018/19 72.11 6.20

Meal, Rapeseed

26.15 0.002.6829.502.630.71nr 2005/06 25.99 0.83

25.55 0.003.0029.603.210.83nr 2006/07 25.85 0.75

27.22 0.003.9331.853.880.75nr 2007/08 27.27 0.64

30.27 0.003.7534.693.770.64nr 2008/09 30.14 0.80

32.95 0.003.6337.643.880.80nr 2009/10 32.76 1.25

33.56 0.005.2840.145.331.25nr 2010/11 33.81 1.06

35.18 0.005.5641.805.561.06nr 2011/12 35.13 1.10

36.41 0.005.7043.125.611.10nr 2012/13 36.44 0.98

38.71 0.006.3546.196.500.98nr 2013/14 38.91 0.92

38.98 0.006.0745.905.990.92nr 2014/15 38.85 0.98

39.35 0.005.6946.035.700.98nr 2015/16 39.25 1.10

39.79 0.006.0346.785.891.10nr 2016/17 39.71 1.03

40.05 0.006.0447.216.141.03nr 2017/18 40.32 0.86

39.92 0.006.0946.886.110.86nr 2018/19 40.03 0.77

Oil, Rapeseed

17.99 13.721.6520.261.480.79nr 2005/06 17.61 1.00

17.79 13.222.0021.002.211.00nr 2006/07 18.19 0.81

18.95 13.521.9121.812.050.81nr 2007/08 18.80 1.10

21.16 14.412.4724.742.481.10nr 2008/09 20.99 1.28

23.21 15.232.7527.452.961.28nr 2009/10 22.75 1.95

23.47 15.863.4328.803.381.95nr 2010/11 23.40 1.97

24.84 16.473.9830.884.081.97nr 2011/12 23.84 3.05

25.62 16.973.9532.613.933.05nr 2012/13 24.23 4.43

27.21 18.173.8335.463.824.43nr 2013/14 26.08 5.55

27.53 18.884.0737.023.955.55nr 2014/15 27.04 5.91

27.77 19.944.1737.814.135.91nr 2015/16 28.31 5.34

28.17 20.484.5237.904.395.34nr 2016/17 29.04 4.34

28.48 20.374.6337.334.514.34nr 2017/18 28.92 3.78

28.22 20.264.7436.694.693.78nr 2018/19 28.56 3.40

Based on the aggregate of different marketing years.

Foreign Agricultural Service/USDA 25 October 2018Office of Global Analysis

Page 26: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 18: World Sunflower and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Exports Domestic

Consumpti

Ending

Stocks

Oilseed, Sunflowerseed

29.92 3.4829.311.521.422.9622.72 2005/06

30.08 4.0229.441.911.813.4823.45 2006/07

27.35 3.7227.481.461.294.0221.34 2007/08

32.92 3.8532.562.151.923.7223.89 2008/09

31.56 2.6032.831.551.563.8522.97 2009/10

32.70 2.2632.881.781.622.6023.08 2010/11

38.62 2.5438.111.931.702.2624.62 2011/12

34.99 2.8134.631.451.362.5423.60 2012/13

41.51 3.3040.691.961.622.8124.02 2013/14

39.19 2.9039.491.661.563.3023.12 2014/15

40.54 2.6540.642.011.872.9023.41 2015/16

48.01 3.3747.032.442.172.6525.42 2016/17

47.41 2.7147.662.512.113.3725.58 2017/18

49.76 2.9049.322.312.062.7126.23 2018/19

Meal, Sunflowerseed

11.72 0.3111.413.573.350.22nr 2005/06

11.87 0.2411.903.493.440.31nr 2006/07

11.11 0.3010.693.312.960.24nr 2007/08

13.08 0.8112.474.304.200.30nr 2008/09

13.42 1.0012.834.093.690.81nr 2009/10

13.31 1.0712.724.574.061.00nr 2010/11

15.60 1.7014.606.806.421.07nr 2011/12

14.15 0.7914.845.134.931.70nr 2012/13

16.83 1.4215.756.225.760.79nr 2013/14

16.17 1.6615.585.875.531.42nr 2014/15

16.50 1.6916.186.235.951.66nr 2015/16

19.35 1.4319.127.446.951.69nr 2016/17

19.74 1.4019.917.057.191.43nr 2017/18

20.50 1.3120.477.217.091.40nr 2018/19

Oil, Sunflowerseed

10.56 1.219.773.923.311.02nr 2005/06

10.74 1.2010.164.053.461.21nr 2006/07

10.16 1.209.413.532.781.20nr 2007/08

11.89 1.9410.754.554.151.20nr 2008/09

12.12 1.9011.464.503.811.94nr 2009/10

12.08 1.8311.324.543.701.90nr 2010/11

14.35 3.0312.496.485.831.83nr 2011/12

12.86 2.3013.195.575.163.03nr 2012/13

15.63 2.9614.157.786.962.30nr 2013/14

14.97 2.6114.117.386.182.96nr 2014/15

15.38 1.6815.228.107.022.61nr 2015/16

18.18 1.8116.5710.418.921.68nr 2016/17

18.37 1.3117.399.828.341.81nr 2017/18

19.10 1.5317.569.798.471.31nr 2018/19

Based on the aggregate of different marketing years, primarily September through August.

Foreign Agricultural Service/USDA 26 October 2018Office of Global Analysis

Page 27: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 19: World Palm Oil, Coconut Oil, and Fish Meal Supply and Distribution

Million Metric Tons

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Industrial

Dom.

Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Oil, Palm

25.22 24.996.9427.8965.8836.034.62 2005/06 32.47 5.51

26.25 26.837.5728.3969.3837.625.51 2006/07 34.90 6.10

29.93 29.598.8532.4977.4741.456.10 2007/08 39.01 5.97

33.08 31.989.6335.0083.5544.495.97 2008/09 42.26 6.28

34.31 33.3010.0636.3286.9746.386.28 2009/10 43.96 6.69

35.09 33.9710.7337.3690.9949.216.69 2010/11 45.27 8.35

38.39 36.8412.4739.8999.2952.558.35 2011/12 49.95 9.46

41.80 40.1514.6543.08107.6356.379.46 2012/13 55.45 9.10

41.64 40.8416.3143.23110.0359.289.10 2013/14 57.79 9.01

44.47 43.0714.1347.41115.2361.759.01 2014/15 57.91 9.91

42.37 42.3116.2943.79111.1758.899.91 2015/16 59.31 8.07

45.49 44.4216.3948.92118.8265.268.07 2016/17 61.58 8.32

46.19 46.4518.1048.77123.7969.288.32 2017/18 65.36 9.66

48.60 48.9419.0351.79130.5272.269.66 2018/19 68.80 9.93

Oil, Coconut

2.04 1.781.432.055.853.340.47 2005/06 3.35 0.44

1.88 1.661.431.745.393.070.44 2006/07 3.18 0.47

1.91 1.771.511.935.783.400.47 2007/08 3.31 0.55

1.67 1.651.561.485.583.360.55 2008/09 3.24 0.86

2.30 2.091.702.076.633.470.86 2009/10 3.82 0.74

1.80 1.871.671.806.133.590.74 2010/11 3.58 0.76

1.84 1.931.551.865.983.390.76 2011/12 3.51 0.61

1.89 2.001.711.926.133.620.61 2012/13 3.75 0.46

1.74 1.751.551.925.583.380.46 2013/14 3.34 0.33

1.82 1.741.521.945.523.370.33 2014/15 3.29 0.29

1.61 1.671.551.585.223.320.29 2015/16 3.25 0.40

1.50 1.581.481.895.293.390.40 2016/17 3.10 0.30

1.54 1.641.621.685.393.540.30 2017/18 3.29 0.42

1.46 1.621.621.695.483.600.42 2018/19 3.27 0.52

Meal, Fish

3.05 0.000.052.808.754.990.71 2005/06 5.21 0.73

2.82 0.000.052.658.695.140.73 2006/07 5.08 0.97

3.17 0.000.052.949.275.140.97 2007/08 5.50 0.83

3.26 0.000.053.089.295.200.83 2008/09 5.51 0.71

2.76 0.000.052.417.714.240.71 2009/10 5.03 0.28

2.77 0.000.052.698.605.550.28 2010/11 5.22 0.69

3.05 0.000.052.808.444.710.69 2011/12 5.36 0.28

2.47 0.000.052.327.594.840.28 2012/13 4.81 0.45

2.74 0.000.052.477.644.450.45 2013/14 4.94 0.23

2.50 0.000.052.287.424.690.23 2014/15 4.87 0.26

2.46 0.000.052.217.244.510.26 2015/16 4.75 0.27

3.06 0.000.052.538.224.890.27 2016/17 5.43 0.26

2.64 0.000.052.487.734.830.26 2017/18 4.97 0.28

2.55 0.000.052.377.544.710.28 2018/19 4.89 0.28

Based on the aggregate of different marketing years.

Foreign Agricultural Service/USDA 27 October 2018Office of Global Analysis

Page 28: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 20: United States Oilseeds and Products Supply and Distribution Local Marketing Year

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Major Oilseeds

95,671 51,89726,611104,6246648,28936,587 2005/06 63,812 14,201

96,843 53,48331,647112,0771,03314,20136,962 2006/07 63,407 17,023

82,453 53,49533,045100,7411,26517,02331,970 2007/08 60,787 6,909

89,201 49,34235,69497,4051,2956,90935,265 2008/09 56,091 5,620

98,951 51,48341,691105,6371,0665,62035,511 2009/10 58,402 5,544

100,432 49,32341,938106,9219455,54437,179 2010/11 57,664 7,319

92,442 50,31637,813101,0461,2857,31935,131 2011/12 57,621 5,612

93,323 50,25037,156100,5401,6055,61236,676 2012/13 57,621 5,763

99,016 51,45945,569107,8463,0675,76335,438 2013/14 58,324 3,953

116,029 55,11151,109121,8331,8513,95338,983 2014/15 63,968 6,756

115,879 55,05553,969123,7651,1306,75638,398 2015/16 62,928 6,868

126,935 56,25760,081135,3051,5026,86839,245 2016/17 65,625 9,599

131,495 60,17559,188142,5101,4169,59942,793 2017/18 69,495 13,827

138,382 60,85157,201153,5771,36813,82741,862 2018/19 70,466 25,910

Major Protein Meals

39,894 51,8977,60841,7721,663215nr 2005/06 33,803 361

41,390 53,4838,26443,4601,709361nr 2006/07 34,811 385

40,786 53,4958,70643,1631,992385nr 2007/08 34,123 334

37,631 49,3427,94039,7821,817334nr 2008/09 31,596 246

39,992 51,48310,30841,5821,344246nr 2009/10 30,933 341

38,032 49,3238,48840,6142,241341nr 2010/11 31,748 378

39,450 50,3169,17042,8603,032378nr 2011/12 33,354 336

38,593 50,25010,46142,3223,393336nr 2012/13 31,546 315

39,293 51,45910,80343,4063,798315nr 2013/14 32,311 292

43,210 55,11112,14447,3753,873292nr 2014/15 34,941 290

42,778 55,05511,17947,1464,078290nr 2015/16 35,692 275

43,111 56,25710,82647,3103,924275nr 2016/17 36,077 407

47,011 60,17513,82451,2023,784407nr 2017/18 36,962 416

46,923 60,85112,62051,1283,789416nr 2018/19 38,089 419

Major Vegetable Oils

10,435 51,89789913,9382,3791,1240 2005/06 11,242 1,797

10,450 53,4831,33314,7742,5271,7970 2006/07 11,700 1,741

10,544 53,4951,67915,3943,1091,7410 2007/08 12,251 1,464

9,667 49,3421,45714,3613,2301,4640 2008/09 11,167 1,737

10,058 51,4831,94815,1333,3381,7370 2009/10 11,194 1,991

9,775 49,3231,86115,3783,6121,9910 2010/11 11,794 1,723

10,032 50,3161,14615,5863,8311,7230 2011/12 12,873 1,567

10,231 50,2501,38715,5993,8011,5670 2012/13 13,068 1,144

10,427 51,4591,11615,5874,0161,1440 2013/14 13,499 972

10,938 55,1111,17416,1404,2309720 2014/15 13,680 1,286

11,211 55,0551,24817,0244,5271,2860 2015/16 14,574 1,202

11,434 56,2571,41517,3674,7311,2020 2016/17 14,720 1,232

12,128 60,1751,35218,2524,8921,2320 2017/18 15,459 1,441

12,264 60,8511,24618,6924,9871,4410 2018/19 16,044 1,402

Based on the aggregate of different marketing years

Foreign Agricultural Service/USDA 28 October 2018Office of Global Analysis

Page 29: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 21: United States Soybeans and Products Supply and Distribution Local Marketing Years

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean

83,507 47,32425,57990,559926,96028,834 2005/06 52,751 12,229

87,001 49,19830,38699,47624612,22930,190 2006/07 53,473 15,617

72,859 49,08131,53888,74526915,61725,959 2007/08 51,627 5,580

80,749 45,23034,81786,6903615,58030,222 2008/09 48,112 3,761

91,470 47,67340,79895,6283973,76130,907 2009/10 50,724 4,106

90,663 44,85140,95995,1623934,10631,003 2010/11 48,351 5,852

84,291 46,34837,18690,5824395,85229,856 2011/12 48,786 4,610

82,791 45,96736,12988,5041,1034,61030,814 2012/13 48,550 3,825

91,389 47,19244,59497,1671,9533,82530,858 2013/14 50,069 2,504

106,878 50,97550,136110,2869042,50433,423 2014/15 54,962 5,188

106,857 51,33552,870112,6866415,18833,076 2015/16 54,462 5,354

116,920 51,74258,960122,8806065,35433,466 2016/17 55,712 8,208

120,039 55,92657,945128,8415948,20836,228 2017/18 58,973 11,923

127,631 56,33656,064140,23468011,92335,753 2018/19 60,082 24,088

Meal, Soybean

37,416 47,3247,30137,700128156nr 2005/06 30,114 285

39,037 49,1987,98739,464142285nr 2006/07 31,166 311

38,359 49,0818,38438,798128311nr 2007/08 30,147 267

35,473 45,2307,70835,82080267nr 2008/09 27,899 213

37,836 47,67310,12538,194145213nr 2009/10 27,795 274

35,608 44,8518,23836,045163274nr 2010/11 27,489 318

37,217 46,3488,84537,731196318nr 2011/12 28,614 272

36,174 45,96710,11136,668222272nr 2012/13 26,307 250

36,909 47,19210,50437,506347250nr 2013/14 26,775 227

40,880 50,97511,89141,409302227nr 2014/15 29,282 236

40,525 51,33510,84441,127366236nr 2015/16 30,044 239

40,630 51,74210,50541,186317239nr 2016/17 30,318 363

44,633 55,92613,51745,450454363nr 2017/18 31,570 363

44,407 56,33612,24745,088318363nr 2018/19 32,478 363

Oil, Soybean

9,248 47,32452310,03516771nr 2005/06 8,147 1,365

9,294 49,19885110,676171,365nr 2006/07 8,426 1,399

9,335 49,0811,32010,764301,399nr 2007/08 8,317 1,127

8,503 45,2309959,671411,127nr 2008/09 7,378 1,298

8,897 47,6731,52410,242471,298nr 2009/10 7,173 1,545

8,568 44,8511,46610,185721,545nr 2010/11 7,506 1,213

8,954 46,34866410,235681,213nr 2011/12 8,396 1,175

8,990 45,96798110,254891,175nr 2012/13 8,522 751

9,131 47,1928529,95775751nr 2013/14 8,576 529

9,706 50,97591410,355120529nr 2014/15 8,600 841

9,956 51,3351,01710,927130841nr 2015/16 9,145 765

10,035 51,7421,15910,945145765nr 2016/17 9,010 776

10,793 55,9261,11111,728159776nr 2017/18 9,616 1,001

10,845 56,33699811,9821361,001nr 2018/19 10,024 960

Data based on Local Marketing Year (MY). Soybeans are on a September/August MY, and Soybean

Meal and Oil are on an October/September MY.

Foreign Agricultural Service/USDA 29 October 2018Office of Global Analysis

Page 30: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 22: Brazil Soybeans and Products Supply and Distribution Local Marketing Years

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

57,000 28,75624,77059,728402,68822,229 2005/06 31,506 3,452

59,000 31,51123,80562,5601083,45220,700 2006/07 34,261 4,494

61,000 31,89524,51565,577834,49421,300 2007/08 34,695 6,367

57,800 30,77928,04164,2911246,36721,700 2008/09 33,579 2,671

69,000 35,70029,18871,8211502,67123,500 2009/10 38,550 4,083

75,300 37,26433,78979,423404,08324,200 2010/11 40,164 5,470

66,500 36,23031,90572,2682985,47025,000 2011/12 39,130 1,233

82,000 36,43242,82683,4732401,23327,700 2012/13 39,378 1,269

86,700 38,19545,74788,5485791,26930,100 2013/14 41,345 1,456

97,200 40,33954,63598,9853291,45632,100 2014/15 43,550 800

96,500 39,96752,10097,66236280033,300 2015/16 43,332 2,230

114,600 42,31268,807117,0972672,23033,900 2016/17 45,715 2,575

119,800 43,50074,775122,7253502,57535,100 2017/18 46,950 1,000

120,500 42,70074,400121,7002001,00037,500 2018/19 46,200 1,100

Meal, Soybean (Local)

22,280 28,75612,28723,230214736nr 2005/06 10,080 863

24,420 31,51112,34625,429146863nr 2006/07 10,800 2,283

24,720 31,89512,70927,1461432,283nr 2007/08 12,300 2,137

23,850 30,77912,15326,073862,137nr 2008/09 12,800 1,120

27,670 35,70014,14728,862721,120nr 2009/10 13,187 1,528

28,880 37,26414,45230,459511,528nr 2010/11 13,400 2,607

28,080 36,23013,85430,702152,607nr 2011/12 14,000 2,848

28,230 36,43213,61931,108302,848nr 2012/13 14,800 2,689

29,560 38,19513,72132,276272,689nr 2013/14 15,300 3,255

31,220 40,33915,10634,491163,255nr 2014/15 16,000 3,385

30,930 39,96714,65134,342273,385nr 2015/16 16,800 2,891

32,780 42,31213,91535,706352,891nr 2016/17 17,361 4,430

33,700 43,50016,80038,160304,430nr 2017/18 17,760 3,600

33,100 42,70015,10036,730303,600nr 2018/19 18,350 3,280

Oil, Soybean (Local)

5,520 28,7562,3155,79818260nr 2005/06 3,211 272

6,050 31,5112,5216,38462272nr 2006/07 3,505 358

6,120 31,8952,1986,4879358nr 2007/08 4,005 284

5,910 30,7791,4966,23541284nr 2008/09 4,395 344

6,850 35,7001,6327,1962344nr 2009/10 5,060 504

7,150 37,2641,7587,6540504nr 2010/11 5,305 591

6,950 36,2301,6887,5432591nr 2011/12 5,395 460

6,990 36,4321,4107,4544460nr 2012/13 5,528 516

7,330 38,1951,3267,8460516nr 2013/14 5,955 565

7,740 40,3391,6508,31611565nr 2014/15 6,220 446

7,670 39,9671,2508,19175446nr 2015/16 6,490 451

8,120 42,3121,3238,63160451nr 2016/17 6,877 431

8,350 43,2001,5458,84160431nr 2017/18 6,980 316

8,195 42,7001,2758,57160316nr 2018/19 7,065 231

Data based on Brazil's local February/January Marketing Year (MY).

Where February 2012 - January 2013 is the 2011/12 MY.

Foreign Agricultural Service/USDA 30 October 2018Office of Global Analysis

Page 31: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 23: Argentina Soybeans and Products Supply and Distribution Local Marketing Years

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

40,500 32,7487,13242,0681,01355515,200 2005/06 34,268 668

48,800 35,96312,13351,8042,33666816,300 2006/07 37,593 2,078

46,200 31,88311,80351,2252,9472,07816,371 2007/08 33,608 5,814

32,000 28,5553,48637,9711575,81416,000 2008/09 30,405 4,080

54,500 39,19613,70158,58004,08018,600 2009/10 41,196 3,683

49,000 37,52110,38952,696133,68318,300 2010/11 39,821 2,486

40,100 30,6816,09842,58822,48617,577 2011/12 33,431 3,059

49,300 35,0097,81752,36123,05919,750 2012/13 38,209 6,335

53,400 38,5037,43459,73726,33519,250 2013/14 42,103 10,200

61,450 45,11011,67071,79114110,20019,350 2014/15 49,271 10,850

58,800 43,0429,04670,9541,30410,85019,350 2015/16 47,508 14,400

55,000 40,9427,24572,0002,60014,40017,335 2016/17 45,555 19,200

37,800 37,8004,10060,8753,87519,20016,300 2017/18 42,575 14,200

57,000 44,0009,25073,0501,85014,20019,000 2018/19 49,000 14,800

Meal, Soybean (Local)

25,582 32,74824,72326,78501,203nr 2005/06 535 1,527

27,857 35,96328,10829,38621,527nr 2006/07 544 734

24,839 31,88324,38925,5763734nr 2007/08 652 535

22,519 28,55521,30323,0584535nr 2008/09 750 1,005

30,493 39,19628,38431,49801,005nr 2009/10 850 2,264

29,181 37,52127,48531,44502,264nr 2010/11 1,085 2,875

23,946 30,68121,97326,82102,875nr 2011/12 1,550 3,298

27,150 35,00923,93730,44803,298nr 2012/13 1,950 4,561

29,528 38,50327,47334,08904,561nr 2013/14 2,200 4,416

34,737 45,11031,86739,15414,416nr 2014/15 2,530 4,757

33,102 43,04230,98037,85904,757nr 2015/16 2,760 4,119

31,235 40,94229,26535,35404,119nr 2016/17 2,930 3,159

28,550 37,80024,50031,70903,159nr 2017/18 3,139 4,070

33,800 44,00030,35037,87004,070nr 2018/19 3,300 4,220

Oil, Soybean (Local)

6,169 32,7485,6676,5540385nr 2005/06 402 485

6,917 35,9636,5157,4020485nr 2006/07 675 212

6,037 31,8834,9876,2490212nr 2007/08 1,125 137

5,448 28,5553,7095,5850137nr 2008/09 1,716 160

7,460 39,1965,1807,6200160nr 2009/10 2,215 225

7,148 37,5214,2277,3730225nr 2010/11 2,755 391

5,840 30,6813,4336,26635391nr 2011/12 2,550 283

6,616 35,0094,2816,95859283nr 2012/13 2,375 302

7,191 38,5034,2967,51926302nr 2013/14 2,843 380

8,753 45,1106,3129,1385380nr 2014/15 2,308 518

8,382 43,0425,3868,9000518nr 2015/16 3,055 459

7,925 40,9424,7258,3840459nr 2016/17 3,195 464

7,375 37,8004,1007,8390464nr 2017/18 3,214 525

8,575 44,0005,2509,1000525nr 2018/19 3,325 525

Data based on Argentina's Local April/March Marketing Year (MY).

Where April 2012 - March 2013 is the 2011/12 MY.

Foreign Agricultural Service/USDA 31 October 2018Office of Global Analysis

Page 32: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 24: South East Asia Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2014/15 2015/16 2016/17 2017/18

Sep

2018/19

Oct

2018/19

none

Production none

4,175 Oilseed, Copra 4,054 4,243 4,426 4,506 4,506

14,403 Oilseed, Palm Kernel 13,705 15,058 15,974 16,800 16,699

995 Oilseed, Soybean 947 885 846 821 821

3,811 Other 3,705 3,707 3,674 3,644 3,644

23,384 Total 22,411 23,893 24,920 25,771 25,670

none

Domestic Consumption none

847 Meal, Fish 795 926 904 921 921

745 Meal, Rapeseed 407 358 418 450 450

16,946 Meal, Soybean 18,307 18,770 19,409 20,010 20,010

2,783 Other 3,059 3,401 3,522 3,589 3,589

21,321 Total 22,568 23,455 24,253 24,970 24,970

none

SME none

1,228 Meal, Fish 1,152 1,340 1,306 1,331 1,331

530 Meal, Rapeseed 290 255 297 320 320

16,896 Meal, Soybean 18,237 18,680 19,299 19,890 19,890

1,481 Other 1,598 1,737 1,785 1,809 1,809

20,135 Total 21,277 22,012 22,688 23,350 23,350

none

Imports none

236 Meal, Fish 278 351 345 352 352

658 Meal, Rapeseed 369 343 403 430 430

14,972 Meal, Soybean 15,661 16,097 16,651 16,826 16,826

563 Other 684 739 674 655 655

16,429 Total 16,992 17,530 18,073 18,263 18,263

none

Industrial Dom. Cons. none

5,218 Oil, Palm 7,226 6,881 8,440 8,995 9,245

0 Oil, Rapeseed 0 0 0 0 0

39 Oil, Soybean 42 46 45 47 47

0 Oil, Sunflowerseed 0 0 0 0 0

4,014 Other 3,988 4,135 4,530 4,747 4,747

9,271 Total 11,256 11,062 13,015 13,789 14,039

none

Food Use Dom. Cons. none

9,053 Oil, Palm 9,231 9,740 10,255 10,680 10,680

54 Oil, Rapeseed 26 32 26 28 28

574 Oil, Soybean 652 680 640 795 795

131 Oil, Sunflowerseed 131 131 131 131 131

1,385 Other 1,421 1,515 1,577 1,652 1,652

11,197 Total 11,461 12,098 12,629 13,286 13,286

none

Domestic Consumption none

14,689 Oil, Palm 16,873 17,087 19,202 20,201 20,457

54 Oil, Rapeseed 26 32 26 28 28

613 Oil, Soybean 694 726 685 842 842

131 Oil, Sunflowerseed 131 131 131 131 131

5,409 Other 5,419 5,660 6,117 6,409 6,409

20,896 Total 23,143 23,636 26,161 27,611 27,867

none

Imports none

3,762 Oil, Palm 3,600 3,708 3,785 3,895 3,895

13 Oil, Rapeseed 13 13 13 13 13

321 Oil, Soybean 290 273 258 288 288

0 Oil, Sunflowerseed 0 0 0 0 0

671 Other 567 508 527 487 487

4,767 Total 4,470 4,502 4,583 4,683 4,683

Southeast Asia includes Brunei, Burma, Cambonia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, and Vietnam.

SME - 44 Percent Protein Soybean Meal Equivalent

Foreign Agricultural Service/USDA 32 October 2018Office of Global Analysis

Page 33: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 25: Middle East Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2014/15 2015/16 2016/17 2017/18

Sep

2018/19

Oct

2018/19

none

Production none

1,243 Oilseed, Cottonseed 1,032 1,228 1,447 1,643 1,643

256 Oilseed, Rapeseed 254 263 200 228 228

280 Oilseed, Soybean 242 246 252 261 261

1,232 Oilseed, Sunflowerseed 1,147 1,376 1,609 1,799 1,859

124 Other 148 164 165 154 154

3,135 Total 2,823 3,277 3,673 4,085 4,145

none

Domestic Consumption none

85 Meal, Fish 110 121 125 125 125

838 Meal, Rapeseed 840 865 784 796 796

7,065 Meal, Soybean 7,426 7,929 8,228 8,858 8,858

2,925 Other 2,893 3,364 3,823 3,845 3,865

10,913 Total 11,269 12,279 12,960 13,624 13,644

none

SME none

123 Meal, Fish 159 175 181 181 181

596 Meal, Rapeseed 598 615 558 566 566

7,063 Meal, Soybean 7,424 7,927 8,226 8,856 8,856

1,972 Other 1,927 2,247 2,541 2,582 2,595

9,754 Total 10,108 10,964 11,506 12,185 12,198

none

Imports none

79 Meal, Fish 108 124 120 120 120

217 Meal, Rapeseed 196 183 177 183 183

4,319 Meal, Soybean 4,103 4,950 3,980 4,795 4,795

1,419 Other 1,498 1,762 1,888 1,790 1,790

6,034 Total 5,905 7,019 6,165 6,888 6,888

none

Imports none

2,127 Oil, Palm 2,309 2,564 2,632 2,860 2,860

45 Oil, Rapeseed 61 52 65 69 69

505 Oil, Soybean 413 345 318 365 365

1,760 Oil, Sunflowerseed 1,654 2,222 1,695 1,765 1,765

465 Other 171 174 167 182 182

4,902 Total 4,608 5,357 4,877 5,241 5,241

none

Industrial Dom. Cons. none

185 Oil, Palm 185 185 190 190 190

35 Oil, Rapeseed 30 30 15 15 15

137 Oil, Soybean 126 125 135 138 138

20 Oil, Sunflowerseed 20 20 20 20 20

69 Other 58 54 50 52 52

446 Total 419 414 410 415 415

none

Food Use Dom. Cons. none

1,507 Oil, Palm 1,814 1,958 2,118 2,315 2,315

279 Oil, Rapeseed 324 260 239 227 227

901 Oil, Soybean 929 945 972 1,000 1,000

1,951 Oil, Sunflowerseed 2,067 2,301 2,334 2,372 2,372

859 Other 641 636 690 732 732

5,497 Total 5,775 6,100 6,353 6,646 6,646

none

Domestic Consumption none

1,692 Oil, Palm 1,999 2,143 2,308 2,505 2,505

314 Oil, Rapeseed 354 290 254 242 242

1,116 Oil, Soybean 1,135 1,125 1,167 1,208 1,208

1,981 Oil, Sunflowerseed 2,097 2,331 2,364 2,402 2,402

935 Other 705 700 747 791 791

6,038 Total 6,290 6,589 6,840 7,148 7,148

Middle East includes Bahrain, Gaza Strip, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey,

United Arab Emirates, West Banks, and Yemen.

SME - 44 Percent Protein Soybean Meal Equivalent

Foreign Agricultural Service/USDA 33 October 2018Office of Global Analysis

Page 34: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 26: European Union Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2014/15 2015/16 2016/17 2017/18

Sep

2018/19

Oct

2018/19

none

Production none

24,587 Oilseed, Rapeseed 21,997 20,538 22,145 19,000 19,500

1,832 Oilseed, Soybean 2,320 2,410 2,667 2,700 2,700

8,974 Oilseed, Sunflowerseed 7,721 8,598 9,679 9,600 9,600

510 Other 409 418 493 497 529

35,903 Total 32,447 31,964 34,984 31,797 32,329

none

Domestic Consumption none

529 Meal, Fish 581 536 550 550 550

14,200 Meal, Rapeseed 13,800 13,850 13,700 13,000 13,100

30,142 Meal, Soybean 30,742 30,292 30,042 31,342 31,342

9,369 Other 9,181 9,920 10,028 10,289 10,289

54,240 Total 54,304 54,598 54,320 55,181 55,281

none

SME none

767 Meal, Fish 842 775 795 795 795

10,103 Meal, Rapeseed 9,819 9,854 9,748 9,250 9,321

30,100 Meal, Soybean 30,700 30,250 30,000 31,300 31,300

5,394 Other 5,242 5,799 5,885 6,061 6,061

46,365 Total 46,604 46,678 46,427 47,405 47,476

none

Imports none

279 Meal, Fish 284 193 200 200 200

453 Meal, Rapeseed 409 219 242 300 300

19,623 Meal, Soybean 19,207 18,869 18,400 18,500 18,500

5,469 Other 5,502 5,688 5,558 5,754 5,754

25,824 Total 25,402 24,969 24,400 24,754 24,754

none

Industrial Dom. Cons. none

3,400 Oil, Palm 3,400 3,700 3,550 3,550 3,550

7,095 Oil, Rapeseed 7,200 7,100 6,950 6,500 6,550

990 Oil, Soybean 930 850 870 900 900

310 Oil, Sunflowerseed 420 400 330 330 330

515 Other 475 515 550 545 545

12,310 Total 12,425 12,565 12,250 11,825 11,875

none

Food Use Dom. Cons. none

3,300 Oil, Palm 3,000 2,900 2,800 2,700 2,700

3,200 Oil, Rapeseed 2,800 2,950 3,000 2,950 2,950

1,000 Oil, Soybean 1,300 1,300 1,300 1,300 1,300

3,350 Oil, Sunflowerseed 3,850 4,200 4,250 4,450 4,450

2,317 Other 2,358 2,146 2,342 2,487 2,487

13,167 Total 13,308 13,496 13,692 13,887 13,887

none

Domestic Consumption none

6,900 Oil, Palm 6,600 6,800 6,550 6,450 6,450

10,345 Oil, Rapeseed 10,050 10,100 10,000 9,500 9,550

2,040 Oil, Soybean 2,285 2,205 2,225 2,255 2,255

3,670 Oil, Sunflowerseed 4,280 4,610 4,590 4,790 4,790

2,854 Other 2,848 2,676 2,907 3,047 3,047

25,809 Total 26,063 26,391 26,272 26,042 26,092

none

Imports none

6,935 Oil, Palm 6,636 7,224 6,500 6,500 6,500

261 Oil, Rapeseed 207 153 158 150 150

253 Oil, Soybean 325 285 280 200 200

829 Oil, Sunflowerseed 1,418 1,834 1,500 1,650 1,650

1,603 Other 1,383 1,416 1,506 1,436 1,436

9,881 Total 9,969 10,912 9,944 9,936 9,936

European Union includes Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France,

Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania,

Slovakia, Slovenia, Spain, Sweden, and United Kingdom.

Foreign Agricultural Service/USDA 34 October 2018Office of Global Analysis

Page 35: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 27: China Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2014/15 2015/16 2016/17 2017/18

Sep

2018/19

Oct

2018/19

none

Production none

16,482 Oilseed, Peanut 16,440 17,290 17,900 17,800 17,800

14,772 Oilseed, Rapeseed 14,931 14,546 14,400 13,950 13,950

12,154 Oilseed, Soybean 11,785 12,900 14,200 15,000 15,000

2,492 Oilseed, Sunflowerseed 2,698 2,990 3,120 3,250 3,250

11,757 Other 8,600 8,800 10,800 10,800 10,800

57,657 Total 54,454 56,526 60,420 60,800 60,800

none

Domestic Consumption none

1,474 Meal, Fish 1,439 2,019 1,640 1,550 1,550

11,032 Meal, Rapeseed 11,314 11,634 12,363 12,232 12,232

57,467 Meal, Soybean 62,663 68,646 70,410 73,182 73,182

8,761 Other 7,912 8,492 9,604 9,695 9,695

78,734 Total 83,328 90,791 94,017 96,659 96,659

none

SME none

2,137 Meal, Fish 2,087 2,928 2,370 2,240 2,240

7,529 Meal, Rapeseed 7,730 7,957 8,476 8,383 8,383

56,487 Meal, Soybean 61,663 67,596 69,310 72,032 72,032

7,648 Other 7,073 7,530 8,452 8,492 8,492

73,801 Total 78,553 86,011 88,608 91,146 91,146

none

Imports none

1,031 Meal, Fish 1,042 1,583 1,200 1,100 1,100

142 Meal, Rapeseed 359 875 1,250 1,000 1,000

58 Meal, Soybean 24 61 130 30 30

553 Other 403 657 710 735 735

1,784 Total 1,828 3,176 3,290 2,865 2,865

none

Food Use Dom. Cons. none

3,750 Oil, Palm 2,700 2,680 2,800 3,100 3,100

2,819 Oil, Peanut 2,919 2,999 3,142 3,094 3,094

7,800 Oil, Rapeseed 8,600 8,700 8,900 8,650 8,650

14,200 Oil, Soybean 15,350 16,350 16,550 17,300 17,300

998 Oil, Sunflowerseed 1,379 1,332 1,413 1,617 1,617

1,563 Other 1,272 1,296 1,558 1,573 1,573

31,130 Total 32,220 33,357 34,363 35,334 35,334

none

Domestic Consumption none

5,700 Oil, Palm 4,800 4,830 5,050 5,400 5,400

2,819 Oil, Peanut 2,919 2,999 3,142 3,094 3,094

7,800 Oil, Rapeseed 8,600 8,700 8,900 8,650 8,650

14,200 Oil, Soybean 15,350 16,350 16,550 17,300 17,300

998 Oil, Sunflowerseed 1,379 1,332 1,413 1,617 1,617

2,141 Other 1,832 1,891 2,138 2,153 2,153

33,658 Total 34,880 36,102 37,193 38,214 38,214

none

Imports none

5,696 Oil, Palm 4,689 4,881 5,100 5,400 5,400

141 Oil, Peanut 113 111 110 110 110

732 Oil, Rapeseed 768 802 1,000 1,000 1,000

773 Oil, Soybean 586 711 450 700 700

534 Oil, Sunflowerseed 878 725 750 900 900

751 Other 737 773 756 758 758

8,627 Total 7,771 8,003 8,166 8,868 8,868

SME - 44 Percent Protein Soybean Meal Equivalent

Foreign Agricultural Service/USDA 35 October 2018Office of Global Analysis

Page 36: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Table 28: India Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2014/15 2015/16 2016/17 2017/18

Sep

2018/19

Oct

2018/19

none

Production none

12,525 Oilseed, Cottonseed 10,996 11,463 12,312 12,185 12,185

4,855 Oilseed, Peanut 4,470 6,924 6,650 5,750 4,700

5,080 Oilseed, Rapeseed 5,920 6,620 6,450 6,500 6,500

8,711 Oilseed, Soybean 6,929 10,992 8,350 10,500 10,350

383 Oilseed, Sunflowerseed 323 318 230 350 350

730 Other 735 735 770 770 770

32,284 Total 29,373 37,052 34,762 36,055 34,855

none

Domestic Consumption none

4,250 Meal, Cottonseed 3,959 3,725 4,266 4,240 4,204

1,252 Meal, Peanut 1,108 1,587 1,586 1,381 1,255

1,600 Meal, Rapeseed 2,600 2,750 2,800 2,800 2,900

4,500 Meal, Soybean 4,460 4,750 4,970 5,620 5,740

184 Meal, Sunflowerseed 315 439 356 345 397

376 Other 435 446 480 485 485

12,162 Total 12,877 13,697 14,458 14,871 14,981

none

SME none

3,444 Meal, Cottonseed 3,208 3,018 3,457 3,436 3,407

1,402 Meal, Peanut 1,240 1,778 1,777 1,547 1,405

1,138 Meal, Rapeseed 1,850 1,957 1,992 1,992 2,063

4,350 Meal, Soybean 4,300 4,500 4,700 5,325 5,450

123 Meal, Sunflowerseed 210 293 237 230 265

164 Other 190 193 209 211 211

10,621 Total 10,998 11,739 12,372 12,741 12,801

none

Food Use Dom. Cons. none

1,255 Oil, Cottonseed 1,230 1,120 1,275 1,290 1,275

8,750 Oil, Palm 8,600 9,000 9,200 10,200 10,200

970 Oil, Peanut 860 1,150 1,200 1,065 1,000

1,900 Oil, Rapeseed 2,225 2,390 2,300 2,300 2,300

4,100 Oil, Soybean 5,250 5,200 4,600 4,800 4,800

1,700 Oil, Sunflowerseed 1,665 2,000 2,700 2,200 2,200

380 Other 265 240 246 260 260

19,055 Total 20,095 21,100 21,521 22,115 22,035

none

Domestic Consumption none

1,300 Oil, Cottonseed 1,275 1,165 1,320 1,335 1,320

9,150 Oil, Palm 9,100 9,550 9,800 10,820 10,820

980 Oil, Peanut 870 1,160 1,210 1,075 1,010

1,980 Oil, Rapeseed 2,305 2,475 2,380 2,380 2,380

4,100 Oil, Soybean 5,250 5,200 4,600 4,800 4,800

1,700 Oil, Sunflowerseed 1,665 2,000 2,700 2,200 2,200

672 Other 553 506 551 569 569

19,882 Total 21,018 22,056 22,561 23,179 23,099

none

Imports none

0 Oil, Cottonseed 0 0 0 0 0

9,139 Oil, Palm 8,860 9,341 9,500 10,600 10,600

0 Oil, Peanut 0 0 0 0 0

383 Oil, Rapeseed 383 317 300 300 300

2,815 Oil, Soybean 4,269 3,534 3,000 3,400 3,400

1,575 Oil, Sunflowerseed 1,492 2,151 2,400 2,100 2,100

224 Other 106 82 107 110 110

14,136 Total 15,110 15,425 15,307 16,510 16,510

SME - 44 Percent Protein Soybean Meal Equivalent

Foreign Agricultural Service/USDA 36 October 2018Office of Global Analysis

Page 37: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Year Rapeseed Copra

Beg U.S. U.S. Brz Arg Rott U.S. Rott U.S. Rott Hamb Rott

Oct 1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/

Oct - Sep Average

06/07-15/16 404 415 442 442 478 513 1475 486 513 500 760

2006/07 254 264 279 279 335 394 1,128 343 401 375 537

2007/08 414 452 472 469 550 458 1,688 532 745 644 867

2008/09 368 365 403 392 421 517 1,204 461 364 393 487

2009/10 354 357 390 395 429 467 1,209 342 452 419 613

2010/11 454 482 508 511 549 508 1,792 591 661 647 1188

2011/12 488 505 549 533 562 729 2,480 632 593 616 829

2012/13 530 537 538 543 592 635 1,391 546 580 579 570

2013/14 482 487 514 517 542 524 1,300 480 466 505 854

2014/15 362 356 388 401 407 482 1,294 506 432 417 749

2015/16 339 346 382 375 396 419 1,260 433 440 409 907

2016/17

Oct 342 348 413 386 403 421 1,550 375 413 431 964

Nov 348 358 395 386 412 410 1,600 362 423 431 1,021

Dec 354 367 396 388 420 408 1,600 379 420 439 1,127

Jan 357 371 402 392 425 430 1,650 379 416 446 1225

Feb 362 369 401 397 427 437 1,650 388 415 448 1146

Mar 356 354 381 374 404 448 1,650 384 410 440 1016

Apr 342 336 358 352 389 437 1,650 395 400 431 1044

May 340 340 367 360 388 428 1,650 381 403 432 1113

Jun 334 330 360 355 380 434 1,450 388 396 404 1119

Jul 346 356 388 378 408 452 1,450 395 399 417 1059

Aug 340 337 378 368 390 437 1,405 421 397 427 1062

Sep 344 343 384 378 397 507 1,344 384 399 433 1015

Average 347 351 385 376 404 437 1,554 386 408 432 1,076

2017/18

Oct 337 343 386 378 399 522 1,275 370 390 430 989

Nov 339 346 386 371 401 511 1,250 366 393 438 1,038

Dec 342 345 384 368 399 531 1,231 375 395 425 958

Jan 342 345 384 365 405 509 1,225 388 398 426 943

Feb 349 358 394 383 418 498 1,200 390 408 429 835

Mar 360 366 414 401 432 538 1,302 381 416 423 745

Apr 361 367 428 424 442 514 1,430 397 423 418 756

May 362 363 406 415 431 500 1,420 395 422 411 692

Jun 351 328 386 382 398 500 1,360 390 420 406 623

Jul 334 301 393 380 378 494 1,375 384 401 422 614

Aug 316 302 393 383 380 485 1,380 373 389 436 616

*Sep N/A 284 397 380 358 N/A 1,360 N/A 378 432 598

Average 345 337 396 386 403 509 1,317 383 403 425 784

7/ Rotterdam CIF; US Runners 40/50%, Shelled Basis, Oilworld. 8/ US Farm Price; USDA

9/ Rotterdam/Amsterdam CIF; EU; Oil World 10/Hamburg CIF; Europe "00"; Oil World.

* Preliminary Sept/Oct/Nov Shipment

3/ Brazil Paranagua, FOB; IGC 4/ Argentina Up River, FOB; IGC

5/ Rotterdam CIF; US origin; Oil World. 6/ US Farm Price, Inshell, USDA.

11/ Phil/Indo CIF NW Europe; Oil World

Table 29: Oilseed Prices

U.S. Dollars per Metric TonSoybean Peanut Sunseed

1/ U.S. Farm Price; USDA. 2/ U.S. NO.1 Yellow Cash Central Illinois; AMS.

Foreign Agricultural Service/USDA 37 October 2018Office of Global Analysis

Page 38: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Year Fish

Beg U.S. Brz Arg Hamb U.S. Ukr Brem

Oct 1 1/ 2/ 3/ 4/ 6/ 7/ 8/

Oct - Sep Average

06/07-15/16 394 372 366 424 208 253 1479

2006/07 226 199 181 276 116 178 1220

2007/08 370 337 299 469 191 298 1146

2008/09 365 333 290 401 168 178 1103

2009/10 343 327 311 391 167 222 1668

2010/11 381 383 386 418 242 254 1607

2011/12 434 442 442 461 272 263 1,448

2012/13 516 489 506 538 266 318 1,791

2013/14 540 500 509 533 263 315 1,660

2014/15 406 376 386 403 231 269 1,632

2015/16 358 335 349 351 169 233 1,517

2016/17

Oct 356 335 334 340 164 194 1,497

Nov 355 328 338 343 155 193 1,463

Dec 354 321 329 345 160 184 1,423

Jan 366 342 354 355 175 174 1,386

Feb 369 342 355 357 178 177 1,353

Mar 353 323 336 346 171 175 1,304

Apr 337 307 314 331 163 169 1,296

May 339 312 315 329 159 173 1,331

Jun 331 300 303 313 154 173 1,333

Jul 359 324 320 326 144 174 1,354

Aug 332 306 306 318 148 177 1,380

Sep 339 318 312 329 148 174 1,402

Average 349 322 326 336 160 178 1,377

2017/18

Oct 347 326 320 337 169 169 1,378

Nov 346 322 323 333 182 163 1,388

Dec 352 333 340 348 204 172 1,480

Jan 356 343 352 361 196 176 1,572

Feb 400 384 400 400 205 206 1,605

Mar 419 397 415 427 207 239 1,604

Apr 425 419 458 447 212 259 1,578

May 434 416 433 443 222 269 1,510

Jun 392 390 385 391 194 270 1,494

Jul 376 376 376 382 171 265 1,495

Aug 367 358 351 363 169 261 1,477

*Sep 351 348 342 347 166 235 1,491

Average 380 368 375 382 191 224 1,506

1/ Decatur, Average Wholsale 48% Protein; USDA. 2/ Brazil Paranagua, FOB; 48% Protein; IGC.

3/ Argentina Pellets, Up River, FOB; IGC; 4/ Hamburg FOB 44/45% Ex-Mill; Oil World.

5/ Memphis FOB; 41% Protein Solvent Extraction; USDA; 6/ Minneapolis FOB; 32% Protein; USDA.

7/ HiPro a.o. cif France or Ukraine DAF; Argentina Pellet 37-38% (Prior to Aug 2012); Oilworld.

8/ Bremen 64-65% Protein; Oil World. 9/ Hamburg FOB; Ex-Mill 34% Protein; Oil World.

* Preliminary

280

281

244

302

U.S.

5/

298

166

Table 30: Protein Meal Prices

U.S. Dollars per Metric TonSoybean SunseedCottonseed Rapeseed

Hamb

9/

265

184

298

195

221

278

236

230

252

252

198

198

221

219

246

245

232

215

335

267

323

269

213

232

210

216

239

295

353

287

284

279

256

285

334

356

244

240

303

366

416

288

221

217

211

225

238

239

238

238

217

208

204

216

241

285

287 259

264

268

281

277

267

293

305

282

290

289

Foreign Agricultural Service/USDA 38 October 2018Office of Global Analysis

Page 39: Continued U.S.-China Tension Affecting Soybean Trade in ... · season) and then high imports from Brazil between March and August (U.S. growing season). During September-December

Year Cottonseed Palm Canola Coconut Corn

Begin U.S. Brz Arg Rott U.S. U.S. Rott U.S. Rott Malay Rott Rott U.S.

Oct 1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/ 12/ 13/

Oct - Sep Average

06/07-15/16 889 911 909 1,000 1,092 1,479 1,075 1,635 1,619 817 1,034 1,142 998

2006/07 684 673 667 771 787 1,279 846 1,253 1,219 655 852 812 701

2007/08 1,147 1,190 1,191 1,327 1,622 2,010 1,639 2,225 2,018 1,058 1,410 1,306 1,529

2008/09 709 740 741 826 820 1,108 837 1,539 1,339 633 868 735 722

2009/10 793 848 829 924 888 1,164 956 1,353 1,291 793 927 921 866

2010/11 1,173 1,210 1,211 1,306 1,202 1,899 1,404 1,806 1,751 1,154 1,367 1,772 1,331

2011/12 1,144 1,162 1,164 1,241 1,173 1,834 1,254 2,247 2,455 1,032 1,258 1,244 1,236

2012/13 1,039 1,012 1,014 1,098 1,071 1,452 1,189 1,934 1,963 791 1,127 858 1,029

2013/14 843 871 870 950 1,337 1,304 929 1,430 1,355 803 954 1,278 869

2014/15 697 706 705 778 1,009 1,471 850 1,265 1,354 626 782 1,128 827

2015/16 658 704 698 774 1,011 1,275 849 1,294 1,443 628 798 1,362 865

2016/17

Oct 746 797 782 858 989 1,235 830 1,430 1,575 677 896 1,463 799

Nov 761 803 796 880 1,010 1,235 830 1,455 1,525 708 899 1,538 812

Dec 784 826 841 907 1,023 1,235 844 1,391 1,504 745 918 1,699 840

Jan 740 798 812 872 982 1,235 817 1,386 1,520 759 917 1,815 835

Feb 705 761 762 835 915 1,213 808 1,392 1,545 740 878 1,703 840

Mar 680 734 712 812 870 1,146 783 1,451 1,578 713 850 1,549 836

Apr 652 704 699 791 828 1,124 784 1,536 1,558 681 824 1,580 830

May 675 734 734 827 852 1,113 797 1,560 1,550 698 844 1,687 831

Jun 678 739 741 827 851 1,120 780 1,680 1,518 670 813 1,697 838

Jul 724 747 744 835 857 1,130 793 1,670 1,498 658 843 1,591 827

Aug 731 760 758 855 802 1,163 806 1,535 1,478 651 875 1,604 810

Sep 734 779 779 882 848 1,217 810 1,468 1,433 690 889 1,525 804

Average 718 765 763 848 902 1,181 807 1,496 1,524 699 871 1,621 825

2017/18

Oct 713 770 775 867 817 1,235 788 1,443 1,410 681 889 1,485 771

Nov 737 781 786 881 816 1,224 795 1,433 1,368 670 930 1,549 760

Dec 711 753 758 866 755 1,208 787 1,437 1,356 619 879 1,456 749

Jan 697 759 766 864 722 1,224 784 1,458 1,335 650 848 1,399 676

Feb 675 748 753 842 693 1,213 794 1,469 1,325 654 829 1,252 655

Mar 668 747 749 834 691 1,190 790 1,477 1,325 658 798 1,124 654

Apr 655 730 735 827 688 1,190 802 1,474 1,330 651 794 1,135 650

May 648 710 719 793 689 1,190 782 1,466 1,316 639 812 1,029 654

Jun 624 685 680 786 659 1,190 759 1,493 1,308 605 817 938 651

Jul 600 666 660 775 634 1,190 774 1,499 1,289 570 836 917 634

Aug 608 657 641 766 631 1,190 739 1,499 1,281 559 853 917 591

*Sep 611 653 642 757 637 1,190 713 1,491 1,264 552 843 903 583

Average 662 722 722 822 703 1,203 776 1,470 1,326 626 844 1,175 669

1/ Decatur; Average Wholesale Tank Crude; USDA. 2/ Brazil Paranagua, FOB Crude; IGC.

3/ Argentina Up River, FOB Crude; IGC 4/ Dutch FOB; Ex-Mill; Oil World. 5/ PBSY Greenwood MS; USDA.

6/ Minneapolis FOB; USDA. 7/ EU FOB NW Euro; Oil World. 8/ South East Mills FOB; Tank Cars Crude; USDA.

9/ Rotterdam CIF; Any Origin; Oil World. 10/ Malaysia FOB; RBD; Oil World. 11/ Rotterdam, Dutch FOB

Ex-Mill; Oilworld. 12/ Rotterdam CIF; Phil/Indo; Oil World. 13/ Chicago; Crude; AMS

* Preliminary

Table 31: Vegetable Oil Prices

U.S. Dollars per Metric TonSoybean Sunseed Peanut

Foreign Agricultural Service/USDA 39 October 2018Office of Global Analysis