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End of Year Futures Trading Contest Results

January 4, 2010 06:02 by futsblog

Thank you to all who participated in the End of the Year Trading Contest. Participants guessed the close of December 31, 2009 for the following futures contracts  March 2010 E-mini S&P 500, March 2010 30yr Bond and the March 2010 Dollar Index. Participants who sent in their guesstimates no later than Friday December 18, 2009 were eligible to win a 1 troy ounce Silver Coin from futures and forex broker Peter Slaga of PFGBEST in Camarillo, CA.

Anyone interested in receiving a 2010 commodity guide and trading calendar can contact Peter Slaga at 800-656-0443 or email him at pslaga@pfgbestdirect.net

Without further ado here are the winners in each category.

E-mini S&P 500 Futures ContractWinner is  Victor A. with a guesstimate of 1110.35 and the close of 1110.75

30yr Bond Futures ContractWinner is Jim P. with a guesstimate of 115’12 and the close of 116’10

Dollar Index Futures ContractWinner is Lorne T. with a guesstimate of 78.25 and the close of 78.22 

AboutPFGBEST is a U.S based FCM that offers Futures, Forex and Precious Metals services to clients worldwide. Futures Traders can utilize a variety of futures trading platforms from BestDirect, NinjaTrader, BestDirectNavigator and TradeStation to execute trades. Forex Traders prefer our own proprietary MT4 ECN that gives forex traders anonymity for the banks providing liquidity. PFGBEST also offer physical metals services from traditional bullion sales to the new GSAP program which allows for partial size ownership and allows for small monthly investments.  Please contact Peter Slaga if you have questions.

Hamzei Analytics, LLC is in its twelfth year of serving institutional traders, fund managers, and professional traders.   Since February 2001, our data has been available to individual traders and investors, providing everyone real-time access to these powerful trading tools.


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New Years Day Trading Schedule

December 28, 2009 05:51 by futsblog

PFGBEST® Customer Notice

New Year's Day Trading Schedule
* All times listed in Central Time

Thursday, December 31

CME Group (Floor)
12:00 pm Close: Foreign Exchange and Interest Rate products
* All other products regular close

NYMEX (Floor)
Regular Close

GLOBEX
Closed: KOSPI 200 Futures
12:00 pm Close: NYMEX Brent TAS
* All other products regular close

ICE
12:00 pm Close: Open Outcry Financial products
3:15 pm Close: Index products
4:00 pm Close: Financial products
Regular Close: Soft and open outcry Index products

EUREX
Closed

OneChicago
Regular Close

NYSE
Regular Close

Forex
4:00 pm Regular Close

Friday, January 1, 2010

CME Group (Floor)
Closed

NYMEX (Floor)
Closed

GLOBEX
Closed

ICE
Closed

EUREX
Closed

OneChicago
Closed

NYSE
Closed

Forex
Closed

*All times listed in Central Time

The above calendar is compiled from sources believed to be reliable. PFGBEST assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The closing times for certain contracts may have been rescheduled.


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Futures Trading Calendar

November 25, 2009 03:16 by futsblog

PFGBEST® Customer Notice

Thanksgiving Day Trading Schedule
* All times listed in Central Time


Wednesday, November 25

CME Group
Floor: Regular Close

NYMEX
Floor: Regular Close

GLOBEX
Regular Close
* Regular evening open for trade date Friday, November 27 (Exceptions: Commodity, GSCI, Weather, Grain, Ethanol, TRAKRS, ETF and Dairy products)

ICE
4:00 pm Close: Forex and USDX
* All other products regular close

EUREX
Regular Close

OneChicago
Regular Close

NYSE
Regular Close

Forex
Regular Close

Thursday, November 26

CME Group
Floor: Closed

NYMEX
Floor: Closed

GLOBEX
10:30 am Close: Equity products
12:00 pm Close: Foreign Exchange, CBOT Financial, CME Interest Rate, Real Estate and Forestry products
12:15 pm Close: NYMEX/COMEX/DME products on Globex
* Regular evening open for trade date Friday, November 27 (Exceptions: Dairy products)

ICE
10:30 am Close: Russell products
12:00 pm Close: Forex and USDX products
Closed: Open Outcry, Softs and Index products

EUREX
Closed: US Equity Derivatives and Hurricane Futures
*No cash payment in USD

OneChicago
Closed

NYSE
Closed

Forex
Regular Close

Friday, November 27

CME Group
Floor
12:00 pm Close: Foreign Exchange, Interest Rate, Commodity, GSCI, Weather and Real Estate products
12:15 pm Close: Equity products
Closed: Dairy products

NYMEX
Floor: Regular Close

GLOBEX
12:00 pm Close: Commodity, Forestry, Weather, GSCI and TRAKRS products
12:15 pm Close: Equity, ETF, Real Estate, CBOT Financial, Interest Rate, Foreign Exchange products
12:45 pm Close: NYMEX/COMEX/DME products on Globex

ICE
12:00 pm Close: Softs and Index products
12:15 pm Close: Forex, USDX and Russell products

EUREX
Regular Close

OneChicago
12:00 pm Close

NYSE
12:00 pm Close

Forex
Regular Close

*All times listed in Central Time

The above calendar is compiled from sources believed to be reliable. PFGBEST assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The closing times for certain contracts may have been rescheduled.


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CME Equity Futures Enhancements

October 1, 2009 06:41 by futsblog

CME Equity Futures Enhancements
Effective Sunday, October 4, the CME will be implementing enhancements for Equity Futures and Future Spreads on CME Globex

As a result of this change, after 3:20 pm CT on Friday, October 2, all remaining GTC and GTD orders for the Equity products will be cancelled by the CME. GTC and GTD orders for these products must be re-entered and may be re-entered during the extended Pre-Open period (3:00 pm - 5:00 pm CT) on Sunday, October 4.


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World Agriculture Supply and Demand Estimates

September 11, 2009 02:19 by futsblog
ISSN: 1554-9089WASDE - 474  September 11, 2009WHEAT:  The 2009/10 U.S. wheat balance sheet is nearly unchanged this month.  A 20-million-bushel increase in domestic soft red winter wheat use is offset by the same size reduction in hard red winter wheat as lower prices relative to corn encourage soft red winter wheat feeding.  The 2009/10 marketing-year average farm price is projected at $4.70 to $5.50 per bushel, down 20 cents on the high end of the range.  Larger world supplies are expected to keep substantial downward pressure on domestic wheat prices with seasonal post-harvest gains limited by the need to keep U.S. wheat competitive in the world market.Global wheat supplies for 2009/10 are projected 3.9 million tons higher as a 0.5-million-ton decrease in world beginning stocks is more than offset by a 4.4-million-ton increase in foreign production.  Wheat production is raised 2.2 million tons for EU-27 as higher reported production for France, Denmark, and a number of other countries, more than offset reductions for Germany and Poland.  Production is raised 1.0 million tons for Russia on higher reported area.  Production is raised 0.5 million tons each for Kazakhstan and Ukraine, and 0.3 million tons each for Belarus, Paraguay, and South Africa.  Partly offsetting is a 0.5-million-ton reduction for Argentina as continued drought and unseasonable heat limited late seeding and further reduced yield prospects in the central and northern growing areas.Global wheat imports and exports for 2009/10 are projected slightly lower.  Small import reductions for Malaysia, Mexico, Sri Lanka, Venezuela, and Vietnam are partly offset by increases for Algeria and Saudi Arabia.  Exports are lowered 0.5 million tons for Argentina as the smaller expected crop reduces competition for U.S. wheat, especially in the Western Hemisphere.  Global consumption is raised 0.9 million tons mostly reflecting a 0.5-million-ton increase in Ukraine feeding and a 0.5-million-ton increase in EU-27 food and industrial use.  Other changes in projected food use are smaller and mostly offsetting.  Global ending stocks for 2009/10 are projected at 186.6 million tons, up 3.0 million from last month and 64.0 million higher than the 28-year low in 2007/08.COARSE GRAINS:  Higher forecast U.S. corn production this month boosts 2009/10 feed grain supplies; however, increased projections for exports and feed and residual use limit the increase in ending stocks.  U.S. corn production is forecast at 13.0 billion bushels, 193 million higher than in August, with higher expected yields throughout most of the Corn Belt.  The national average yield is projected at a record 161.9 bushels per acre.  U.S. corn supplies for 2009/10 are projected 164 million bushels higher, as lower carryin and imports partly offset the higher production forecast.  Beginning stocks are lowered 25 million bushels reflecting higher expected corn use for ethanol in 2008/09 based on record July and August production of gasoline blends with ethanol as reported by the Energy Information Agency.  Imports for 2009/10 are projected 5 million bushels lower with a smaller forecast corn crop in Canada.  Total U.S. corn use for 2009/10 is projected at a record 13.0 billion bushels, up 150 million bushels from last month and 980 million bushels higher than in 2008/09.  Feed and residual use is raised 50 million bushels based on higher expected production.  Exports are raised 100 million bushels with higher projected imports for Canada and lower production in South America.  Ending stocks are projected 14 million bushels higher.  The 2009/10 marketing-year average farm price is projected lower at $3.05 to $3.65 per bushel, compared with $3.10 to $3.90 per bushel last month.  Sorghum supplies for 2009/10 are nearly unchanged this month with production forecast up 9 million bushels and beginning stocks projected down 10 million bushels based on a 10-million-bushel increase in 2008/09 exports.  Projected 2009/10 farm prices for sorghum, barley, and oats are all lowered this month reflecting larger corn supplies and weaker corn prices.Global coarse grain supplies for 2009/10 are nearly unchanged with a 4.1-million-ton projected increase for the United States offset by declines in foreign countries.  Higher foreign coarse grain beginning stocks and increased foreign barley and oats production partly offset a 7.2-million-ton reduction in foreign corn output.  Corn production is lowered for China, Brazil, Argentina, Canada, Kenya, and EU-27.  China production is lowered 2.5 million tons as yield prospects were reduced by extended summer dryness in western portions of the northeastern growing region.  Production for Brazil and Argentina is lowered 2.0 million tons and 1.0 million tons, respectively, as area is projected lower with price incentives encouraging producers to switch to soybeans.  Corn production is lowered 0.9 million tons each for Canada and Kenya, and lowered 0.3 million tons for EU-27.  Partly offsetting is a 0.4-million-ton increase in the Serbia corn crop. World coarse grain imports and exports are both projected higher for 2009/10 mostly on higher expected corn trade.  Corn imports are raised 1.1 million tons for Canada and 1.0 million tons for Kenya, based on smaller expected production in each country.  Corn exports are lowered 1.0 million tons for Argentina and 0.5 million tons for EU-27, but more than offsetting are a 0.3-million-ton increase for Serbia and the 2.5-million-ton increase for the United States.  Global coarse grain feeding is raised 3.0 million tons mostly on higher corn feed and residual use in the United States and higher expected barley feeding in the EU-27.  Global corn ending stocks are projected 2.4 million tons lower.RICE:  U.S. rice production in 2009/10 is forecast at 217.9 million cwt, up 6.8 million from last month due to both an increase in area harvested and yield.  Harvested area is estimated at 3.1 million acres, up 91,000 acres from the August estimate.  The average yield is estimated at 7,051 pounds per acre, up 12 pounds per acre.  Long-grain production is estimated at 153.3 million cwt, up 2.9 million from last month, while combined medium- and short-grain production is estimated at 64.7 million cwt, up 3.9 million from a month ago.  Rice beginning stocks for 2009/10 are raised 7.8 million cwt from last month to 30.4 million based on the USDA Rice Stocks report released on August 28.  With total rice imports unchanged, long-grain imports are lowered slightly, while combined medium- and short-grain imports are raised.  Domestic and residual use for 2009/10 is lowered 2.5 million cwt to 129.5 million based mostly on a reduction in the 2008/09 estimate.  Exports are projected at 96 million cwt, down 3 million cwt from last month, but up about 2 million from the revised 2008/09 estimate.  Long-grain exports are lowered 4 million cwt to 67.0 million, and combined medium- and short-grain exports are raised 1.0 million to 29.0 million.  Ending stocks for 2009/10 are projected at 43.9 million cwt, up 20.0 million from last month.The 2009/10 all rice season-average farm price is forecast at $13.65 to $14.65 per cwt, unchanged from last month and compares to a revised $16.80 per cwt for 2008/09.  The long-grain season-average farm price range is projected at $12.90 to $13.90 per cwt, up 90 cents per cwt on both ends of the range compared to a revised $15.00 per cwt for 2008/09.  The combined medium- and short-grain farm price range is projected at $16.25 to $17.25 per cwt, down $3.25 per cwt on both ends of the range compared to a revised $23.70 per cwt for 2008/09.Projected global 2009/10 rice supply and use estimates are changed little from a month ago.  Production is projected at 433.5 million tons, nearly unchanged from last month's estimate, largely due to small declines in Pakistan, Japan, Taiwan, and North Korea, which are partially offset by increases in the United States, EU-27, Colombia, and Russia.  India’s 2009/10 rice crop is projected at 84.0 million tons, unchanged from last month.  Projected exports are lowered for the United States and Egypt, while imports are raised for Vietnam and Egypt, but lowered for Mexico.  Global ending stocks for 2009/10 are projected at 84.9 million tons, up 0.8 million from last month, but down 4.5 million from 2008/09.OILSEEDS:  U.S. oilseed ending stocks for 2009/10 are projected at 7.3 million tons, up 0.4 million from last month mostly due to increased soybean stocks.  Soybean production is forecast at 3.25 billion bushels, up 46 million based on higher yields.  Other oilseeds are up due to higher peanut and cottonseed production.  Soybean crush is raised 20 million bushels due to higher projected soybean meal exports.  Higher exports from the United States partly offset a sharp decline in projected soybean meal exports for India as a reduced soybean crop limits exportable supplies.  Soybean exports are increased 15 million bushels to 1.28 billion reflecting increased supplies and lower projected prices.  Soybean ending stocks are projected at 220 million bushels, up 10 million from last month.Soybean exports for 2008/09 are projected at a record 1.28 billion bushels, up 15 million from last month reflecting exceptionally strong shipments in the final weeks of the marketing year.  The increase is offset with lower residual, leaving ending stocks unchanged at 110 million bushels.  Other changes for 2008/09 include increased use of soybean oil for biodiesel and reduced soybean meal exports.  Season-ending soybean oil stocks are projected at a record high of 3.1 billion pounds.The U.S. season-average soybean price range for 2009/10 is projected at $8.10 to $10.10 per bushel, down 30 cents on both ends of the range.  The soybean meal price is projected at $250 to $310 per short ton, down $10 on both ends.  The soybean oil price range is unchanged at 32 to 36 cents per pound.Global oilseed production for 2009/10 is projected at 422.8 million tons, up 0.2 million tons from last month.  Foreign production is down 1.2 million tons to 326.9 million tons.  Global soybean production is projected at a record 243.9 million tons, up 1.9 million as increased production forecasts for the United States and Brazil are partly offset by reductions for China, India, and Canada.  Brazil soybean production is projected at 62 million tons, up 2 million from last month due to an increased area projection reflecting favorable soybean prices relative to corn.  China soybean production is reduced 0.4 million tons to 15 million based on lower yields resulting from untimely dry conditions in northeastern growing areas.  India soybean production is reduced 1 million tons to 9 million due to reduced harvested area and lower yields.  A late start to planting resulted in lower-than-expected area sown.  Lower yields are projected due to a period of dryness in late July and early August.  Global rapeseed production is almost unchanged as lower production for Canada is offset by higher production for EU-27.  The EU-27 crop benefitted from record yields in France.  Other changes include reduced peanut and cottonseed production for India and increased sunflowerseed production for Kazakhstan.Global oilseed trade for 2009/10 is raised 0.7 million tons to 91.8 million.  Increased soybean imports for China account for most of the change.  Global oilseed stocks are projected higher mainly due to higher soybean stocks in China and the United States, which are only partly offset by lower stocks in Argentina and India.  China soybean imports for 2008/09 are raised to a record 39.8 million tons. SUGAR:  Projected 2009/10 U.S. sugar supply is increased 135,000 short tons, raw value, from last month.  Ending stocks are increased 55,000 tons, sugar production is decreased 250,000 tons, and imports are increased 330,000 tons.  The decrease in sugar production is based on lower forecast production of U.S. sugarbeets and Florida sugarcane.  The increase in 2009/10 imports comes from Mexico as a result of continued incentives to export to the U.S. market.  Projected sugar use is unchanged from last month.  Ending stocks are increased to 844,000 tons, which is down 35 percent from a year earlier.Projected 2009/10 Mexico sugar supply is increased 85,000 metric tons, raw value, from last month.  Higher beginning stocks more than offset lower imports.  Imports are lowered in line with the portion of the recently announced import quotas expected to enter the United States in 2009/10.  Exports are raised 300,000 tons and ending stocks are lowered 215,000 tons.Estimated 2008/09 Mexico sugar supply is increased 175,000 tons.  Beginning stocks are increased 360,000 tons to reflect Mexico=s official estimates.  Imports are lowered 185,000 tons to 215,000 tons, accounting for 100,000 tons of assigned import quota and 115,000 tons of imports from U.S. refiners.  Exports are lowered 70,000 tons due to reduced prospects in the remaining months of the fiscal year.LIVESTOCK, POULTRY, AND DAIRY:  Total U.S. meat production for 2009 is raised as higher pork and broiler production more than offset lower beef production.  Pork production is raised due to higher third-quarter slaughter at significantly higher weights due to favorable summer weather.  Lower corn prices are expected to encourage increased weights through the fall.  The broiler production forecast is also raised based on higher third-quarter slaughter. The beef production forecast is reduced on lower expected cow slaughter.  Turkey production is unchanged.  Meat production forecasts for 2010 are raised from last month.  Higher feedlot placements in late 2009 and early 2010 result in higher beef production while lower prices for corn will support increased broiler meat production and slightly higher hog weights.  USDA’s Quarterly Hogs and Pigs report will be released on September 25 and provide indications of the inventory and sows farrowing moving into 2010.Red meat export forecasts for 2009 and 2010 are unchanged from last month but estimates for the second quarter of 2009 are adjusted to reflect June trade data.  Broiler exports for 2009 are raised reflecting higher-than-expected shipments during July.Cattle, hog, broiler, and turkey price forecasts are lowered for 2009.  Weak demand continues to pressure prices.  Hog prices are forecast to remain under pressure during 2010, resulting in lower price forecasts.  The 2010 price forecast for cattle is lowered for the first quarter; broiler and turkey forecasts are unchanged.The milk production forecast is raised for 2009 and 2010 as milk per cow is forecast higher.  Lower feed costs and plentiful supplies of alfalfa hay into 2010 are expected to support increased feeding of higher quality rations.  Imports for 2009 are raised as fat-based product imports have been stronger than expected; the commercial export forecast for 2009 is raised as cheese shipments have been firm.  Net removals are adjusted to reflect lower expected sales to CCC in 2009.  Class III and IV price forecasts are reduced for 2009 due to weaker butter and whey prices.  Cheese and nonfat dry milk (NDM) prices are unchanged.  The Class III price forecast for 2010 is unchanged; the Class IV price is reduced due to lower butter and NDM prices.  The all milk price is forecast at $12.05 to $12.25 per cwt for 2009 and $14.55 to $15.55 for 2010.COTTON:  This month’s 2009/10 U.S. cotton forecasts show slightly higher beginning stocks, production, and exports.  Beginning stocks are raised 100,000 bales based on the preliminary Census Bureau survey of stocks on July 31, 2009.  Production is raised 231,000 bales from the August estimate to 13.4 million bales, with increases mainly in the Southeast.  Domestic mill use is unchanged from last month.  Exports are raised slightly, a result of decreased foreign competition:  developments in India suggest that exportable supplies there will be lower than previously anticipated.  Ending stocks are estimated at 5.6 million bales, the same as last month.  The forecast range for the marketing-year average price received by producers is 49 to 59 cents per pound, also the same as last month.The world 2009/10 cotton forecasts include only minor changes compared with last month.  Production is reduced slightly as lower production for India and others is partially offset by an increase for the United States.  The world consumption forecast of 112.7 million bales is virtually unchanged, as slightly higher consumption for India is about offset by a reduction for China.  World trade also is virtually unchanged and ending stocks are reduced 2 percent.Approved by the Secretary of Agriculture and the Chairperson of the World Agricultural Outlook Board, Gerald A. Bange, (202) 720-6030.  This report was prepared by the Interagency Commodity Estimates Committees. APPROVED BY:        JAMES W. MILLERACTING SECRETARY OF AGRICULTURE                                 WASDE-474-8                    September 2009                  World and U.S. Supply and Use for Grains 1/                              Million Metric Tons===============================================================================                      :           :   Total   :          :  Total   :  Ending     Commodity        :   Output  :   Supply  : Trade 2/ :   Use    :  Stocks===============================================================================                      :                      :                         WorldTotal grains 3/       :      2007/08         :  2,121.61   2,463.58     275.83    2,100.32    363.26      2008/09 (Est.)  :  2,227.31   2,590.57     273.84    2,143.91    446.65      2009/10 (Proj.) :            August    :  2,184.33   2,629.33     263.17    2,180.23    449.10         September    :  2,187.27   2,633.93     264.20    2,183.37    450.56Wheat                 :      2007/08         :    610.99     738.67     117.47      616.09    122.58      2008/09 (Est.)  :    682.25     804.84     138.82      635.84    168.99      2009/10 (Proj.) :            August    :    659.29     828.80     123.38      645.23    183.56         September    :    663.72     832.71     122.96      646.10    186.61Coarse grains 4/      :      2007/08         :  1,077.23   1,216.41     127.21    1,056.03    160.38      2008/09 (Est.)  :  1,100.20   1,260.58     106.94    1,072.24    188.34      2009/10 (Proj.) :            August    :  1,091.58   1,278.36     110.05    1,096.86    181.50         September    :  1,090.04   1,278.39     111.90    1,099.29    179.09Rice, milled          :      2007/08         :    433.39     508.50      31.15      428.20     80.30      2008/09 (Est.)  :    444.85     525.15      28.08      435.83     89.32      2009/10 (Proj.) :            August    :    433.46     522.17      29.74      438.14     84.04         September    :    433.51     522.83      29.34      437.98     84.86                      :                      :                     United StatesTotal grains 3/       :      2007/08         :    412.03     469.15     107.61      307.23     54.32      2008/09 (Est.)  :    400.63     462.11      81.67      314.07     66.38      2009/10 (Proj.) :            August    :    406.02     479.49      86.30      326.92     66.27         September    :    411.38     484.09      88.74      328.11     67.23Wheat                 :      2007/08         :     55.82      71.30      34.36       28.61      8.32      2008/09 (Est.)  :     68.03      79.81      27.64       34.01     18.15      2009/10 (Proj.) :            August    :     59.43      80.58      25.86       34.51     20.21         September    :     59.43      80.58      25.86       34.51     20.21Coarse grains 4/      :      2007/08         :    349.86     389.48      69.89      274.53     45.06      2008/09 (Est.)  :    326.09     374.24      51.02      275.97     47.25      2009/10 (Proj.) :            August    :    339.84     390.77      57.28      288.20     45.30         September    :    344.98     394.90      59.82      289.47     45.62Rice, milled          :      2007/08         :      6.34       8.37       3.35        4.08      0.94      2008/09 (Est.)  :      6.52       8.07       3.01        4.08      0.97      2009/10 (Proj.) :            August    :      6.75       8.15       3.17        4.22      0.76         September    :      6.97       8.61       3.07        4.14      1.40===============================================================================1/ Aggregate of local marketing years.  2/ Based on export estimate.  Seeindividual commodity tables for treatment of export/import imbalances.  3/Wheat, coarse grains and milled rice.  4/ Corn, sorghum, barley, oats, rye,millet and mixed grains (for U.S. excludes millet and mixed grains).                                 WASDE-474-9                    September 2009               World and U.S. Supply and Use for Grains, Continued 1/                              Million Metric Tons===============================================================================                      :           :   Total   :          :  Total   :  Ending     Commodity        :   Output  :   Supply  : Trade 2/ :   Use    :  Stocks===============================================================================                      :                      :                         Foreign 3/Total grains 4/       :      2007/08         :  1,709.59   1,994.42     168.22    1,793.09    308.94      2008/09 (Est.)  :  1,826.68   2,128.46     192.17    1,829.85    380.28      2009/10 (Proj.) :            August    :  1,778.32   2,149.83     176.87    1,853.31    382.83         September    :  1,775.89   2,149.84     175.46    1,855.26    383.33Wheat                 :      2007/08         :    555.17     667.37      83.10      587.48    114.26      2008/09 (Est.)  :    614.23     725.03     111.18      601.83    150.84      2009/10 (Proj.) :            August    :    599.86     748.22      97.52      610.72    163.35         September    :    604.29     752.13      97.11      611.59    166.40Coarse grains 5/      :      2007/08         :    727.37     826.92      57.32      781.49    115.32      2008/09 (Est.)  :    774.11     886.34      55.92      796.27    141.10      2009/10 (Proj.) :            August    :    751.74     887.58      52.77      808.66    136.20         September    :    745.06     883.48      52.08      809.82    133.48Rice, milled          :      2007/08         :    427.05     500.13      27.80      424.12     79.36      2008/09 (Est.)  :    438.34     517.08      25.07      431.75     88.35      2009/10 (Proj.) :            August    :    426.71     514.03      26.57      433.92     83.27         September    :    426.54     514.22      26.27      433.84     83.45===============================================================================1/ Aggregate of local marketing years.  2/ Based on export estimate.  Seeindividual commodity tables for treatment of export/import imbalances.   3/Total foreign is equal to world minus United States.   4/ Wheat, coarse grainsand milled rice.  5/ Corn, sorghum, barley, oats, rye, millet and mixedgrains.                      World and U.S. Supply and Use for Cotton 1/                                 Million 480-lb. bales===============================================================================                      :           :   Total   :          :  Total   :  Ending     Commodity        :   Output  :   Supply  : Trade 2/ :   Use    :  Stocks===============================================================================                      :                      :                         World      2007/08         :    120.51     183.79      38.34      122.76     63.07      2008/09 (Est.)  :    106.67     169.74      29.60      110.66     61.47      2009/10 (Proj.) :            August    :    105.87     167.73      31.95      112.76     57.46         September    :    105.06     166.52      31.99      112.74     56.26                      :                     United States      2007/08         :     19.21      28.70      13.65        4.59     10.04      2008/09 (Est.)  :     12.82      22.86      13.28        3.60      6.20      2009/10 (Proj.) :            August    :     13.21      19.31      10.20        3.50      5.60         September    :     13.44      19.64      10.50        3.50      5.60                      :                        Foreign 3/      2007/08         :    101.30     155.10      24.68      118.17     53.03      2008/09 (Est.)  :     93.86     146.89      16.33      107.06     55.27      2009/10 (Proj.) :            August    :     92.67     148.42      21.75      109.26     51.86         September    :     91.62     146.88      21.49      109.24     50.66===============================================================================1/ Marketing year beginning August 1.  2/ Based on export estimate.  3/  TotalForeign is equal to world minus United States. See global cotton tables fortreatment of export/import imbalances.                                 WASDE-474-10                    September 2009                  World and U.S. Supply and Use for Oilseeds 1/                             (Million Metric Tons)===============================================================================                      :           :   Total   :        :   Total   :  Ending     Commodity        :   Output  :   Supply  :  Trade :    Use 2/ :  Stocks===============================================================================                      :                      :                         WorldOilseeds              :      2007/08         :    391.59     465.10     92.59      338.33     62.32      2008/09 (Est.)  :    394.35     456.67     93.43      338.27     53.13      2009/10 (Proj.) :            August    :    422.56     476.28     91.11      348.82     61.32         September    :    422.75     475.88     91.82      347.67     61.50Oilmeals              :      2007/08         :    230.94     238.86     71.19      229.67      7.21      2008/09 (Est.)  :    229.16     236.37     69.21      228.31      6.74      2009/10 (Proj.) :            August    :    237.07     243.73     71.59      236.10      6.44         September    :    236.72     243.46     71.67      235.52      6.57Vegetable Oils        :      2007/08         :    127.85     138.10     52.09      125.85     10.04      2008/09 (Est.)  :    132.17     142.21     53.44      130.09     10.77      2009/10 (Proj.) :            August    :    137.05     147.41     55.98      135.69      9.51         September    :    136.73     147.50     55.81      135.85      9.67                      :                      :                     United StatesOilseeds              :      2007/08         :     82.45     100.74     33.05       53.50      6.91      2008/09 (Est.)  :     88.98      97.24     35.71       49.30      4.80      2009/10 (Proj.) :            August    :     94.47     100.43     35.47       49.64      6.99         September    :     95.86     101.95     35.98       50.18      7.34Oilmeals              :      2007/08         :     40.90      43.27      8.71       34.22      0.33      2008/09 (Est.)  :     38.13      40.41      8.22       31.85      0.33      2009/10 (Proj.) :            August    :     38.52      41.10      8.42       32.34      0.33         September    :     38.94      41.51      9.01       32.16      0.33Vegetable Oils        :      2007/08         :     10.53      15.38      1.68       12.23      1.46      2008/09 (Est.)  :      9.73      14.35      1.46       11.07      1.82      2009/10 (Proj.) :            August    :      9.74      14.98      1.84       11.67      1.47         September    :      9.84      15.06      1.84       11.67      1.55                      :                      :                      Foreign 3/Oilseeds              :      2007/08         :    309.14     364.36     59.55      284.83     55.41      2008/09 (Est.)  :    305.37     359.43     57.71      288.96     48.33      2009/10 (Proj.) :            August    :    328.08     375.86     55.64      299.19     54.34         September    :    326.89     373.93     55.84      297.49     54.16Oilmeals              :      2007/08         :    190.03     195.59     62.48      195.45      6.88      2008/09 (Est.)  :    191.02     195.96     60.99      196.46      6.41      2009/10 (Proj.) :            August    :    198.55     202.64     63.17      203.76      6.10         September    :    197.78     201.95     62.66      203.35      6.23Vegetable Oils        :      2007/08         :    117.33     122.72     50.41      113.62      8.57      2008/09 (Est.)  :    122.44     127.86     51.98      119.02      8.95      2009/10 (Proj.) :            August    :    127.31     132.43     54.13      124.02      8.04         September    :    126.89     132.44     53.97      124.18      8.12===============================================================================1/ Aggregate of local marketing years with Brazil and Argentina on anOct.-Sept. year.  2/ Crush only for oilseeds.  3/ Total foreign is equal toworld minus United States.                                  WASDE-474-11                    September 2009                            U.S. Wheat Supply and Use 1/===============================================================================                            :         :         :      2009/10  Projections        Item                : 2007/08 : 2008/09 :==============================                            :         :   Est.  :      August       September===============================================================================Area                        :               Million acres Planted                    :   60.5       63.1          59.8            59.8 Harvested                  :   51.0       55.7          50.4            50.4Yield per harvested         :                   Bushels    acre                    :   40.2       44.9          43.3            43.3                            :             Million bushelsBeginning stocks            :    456        306           667             667Production                  :  2,051      2,500         2,184           2,184Imports                     :    113        127           110             110  Supply, total             :  2,620      2,932         2,961           2,961Food                        :    948        925           955             955Seed                        :     88         79            78              78Feed and residual           :     16        246           235             235  Domestic, total           :  1,051      1,250         1,268           1,268Exports                     :  1,263      1,015           950             950  Use, total                :  2,314      2,265         2,218           2,218Ending stocks               :    306        667           743             743  CCC inventory             :      0          0                             0  Free stocks               :    306        667                           743    Outstanding loans       :      1         27                            30Avg. farm price ($/bu) 2/   :   6.48       6.78    4.70- 5.70      4.70- 5.50===============================================================================                                                   U.S. Wheat by Class: Supply and Use===============================================================================   Year beginning           :  Hard  :   Hard  :  Soft  :       :       :           June 1                 : Winter :  Spring :  Red   : White : Durum : Total===============================================================================2008/09 (estimated)         :                Million bushelsBeginning stocks            :    138        68      55       37       8     306Production                  :  1,035       512     614      254      85   2,500  Supply, total 3/          :  1,174       625     702      300     131   2,932Domestic use                :    468       270     329      100      82   1,250Exports                     :    447       210     199      136      24   1,015  Use, total                :    915       480     528      236     106   2,265Ending stocks, total        :    259       145     174       64      25     667                            :2009/10 (projected)         :Beginning stocks            :    259       145     174       64      25     667Production                  :    915       511     412      248      98   2,184  Supply, total 3/          :  1,174       696     603      324     163   2,961Domestic use                :    490       265     320      111      82   1,268Exports                     :    380       240     140      160      30     950  Use, total                :    870       505     460      271     112   2,218  Ending stocks, total      :                 September  :    304       191     143       53      51     743                    August  :    284       191     163       53      51     743===============================================================================Note: Totals may not add due to rounding.  1/ Marketing year beginning June 1.2/ Marketing-year weighted average price received by farmers. 3/ Includesimports.                                  WASDE-474-12                    September 2009                  U.S. Feed Grain and Corn Supply and Use 1/===============================================================================                            :         :         :      2009/10  Projections        Item                : 2007/08 : 2008/09 :==============================                            :         :   Est.  :      August       September===============================================================================FEED GRAINS                 :Area                        :               Million acres Planted                    :  109.0      101.7         100.8           100.8 Harvested                  :   98.3       91.1          90.5            90.5Yield per harvested         :                Metric tons     acre                   :   3.56       3.58          3.75            3.81                            :             Million metric tonsBeginning stocks            :   36.2       45.1          48.1            47.2Production                  :  349.7      325.9         339.6           344.8Imports                     :    3.3        3.0           2.7             2.5  Supply, total             :  389.1      373.9         390.4           394.6Feed and residual           :  157.1      142.5         141.7           143.0Food, seed & industrial     :  117.1      133.2         146.1           146.1  Domestic, total           :  274.2      275.7         287.9           289.2Exports                     :   69.9       51.0          57.3            59.8  Use, total                :  344.1      326.7         345.2           349.0Ending stocks, total        :   45.1       47.2          45.3            45.6  CCC inventory             :    0.0        0.0                           0.0  Free stocks               :   45.1       47.2                          45.6    Outstanding loans       :    2.7        4.4                           5.8                            :CORN                        :Area                        :               Million acres Planted                    :   93.5       86.0          87.0            87.0 Harvested                  :   86.5       78.6          80.0            80.0Yield per harvested         :                  Bushels    acre                    :  150.7      153.9         159.5           161.9                            :               Million bushelsBeginning stocks            :  1,304      1,624         1,720           1,695Production                  : 13,038     12,101        12,761          12,954Imports                     :     20         15            15              10  Supply, total             : 14,362     13,740        14,496          14,660Feed and residual           :  5,913      5,250         5,300           5,350Food, seed & industrial     :  4,387      4,945         5,475           5,475 Ethanol for fuel 2/        :  3,049      3,675         4,200           4,200  Domestic, total           : 10,300     10,195        10,775          10,825Exports                     :  2,437      1,850         2,100           2,200  Use, total                : 12,737     12,045        12,875          13,025Ending stocks, total        :  1,624      1,695         1,621           1,635  CCC inventory             :      0          0                             0  Free stocks               :  1,624      1,695                         1,635    Outstanding loans       :    106        171                           225Avg. farm price ($/bu) 3/   :   4.20       4.08    3.10- 3.90      3.05- 3.65===============================================================================Note: Totals may not add due to rounding.  1/ Marketing year beginningSeptember 1 for corn and sorghum; June 1 for barley and oats.  2/ For a furtherbreakout of FSI corn uses including ethanol, see the ERS Feed Outlook table 5, or Feed Grains Database at "www.ers.usda.gov/db/feedgrains." 3/ Marketing-year weighted average price received by farmers.                                 WASDE-474-13                    September 2009                U.S. Sorghum, Barley and Oats Supply and Use 1/===============================================================================                            :         :         :      2009/10  Projections         Item               : 2007/08 : 2008/09 :==============================                            :         :   Est.  :      August       September===============================================================================                            :               Million bushelsSORGHUM                     :Area planted (mil. acres)   :    7.7        8.3           6.9             6.9Area harv. (mil. acres)     :    6.8        7.3           5.9             5.9Yield (bushels/acre)        :   73.2       65.0          64.0            65.5Beginning stocks            :     32         53            50              40Production                  :    497        472           381             390Imports                     :      0          0             0               0   Supply, total            :    530        525           431             430Feed and residual           :    165        230           150             150Food, seed & industrial     :     35        110            90              90   Total domestic           :    200        340           240             240Exports                     :    277        145           140             140   Use, total               :    477        485           380             380Ending stocks, total        :     53         40            51              50Avg. farm price ($/bu) 2/   :   4.08       3.23    2.70- 3.30      2.60- 3.20                            :BARLEY                      :Area planted (mil. acres)   :    4.0        4.2           3.6             3.6Area harv. (mil. acres)     :    3.5        3.8           3.1             3.1Yield (bushels/acre)        :   60.0       63.6          65.8            65.8Beginning stocks            :     69         68            89              89Production                  :    210        239           207             207Imports                     :     29         29            30              30   Supply, total            :    308        337           325             325Feed and residual           :     30         66            60              60Food, seed & industrial     :    169        169           170             170   Total domestic           :    199        235           230             230Exports                     :     41         13            15              15   Use, total               :    240        248           245             245Ending stocks, total        :     68         89            80              80Avg. farm price ($/bu) 2/   :   4.02       5.37    3.70- 4.40      3.60- 4.30                            :OATS                        :Area planted (mil. acres)   :    3.8        3.2           3.2             3.2Area harv. (mil. acres)     :    1.5        1.4           1.4             1.4Yield (bushels/acre)        :   60.1       63.5          64.5            64.5Beginning stocks            :     51         67            84              84Production                  :     90         89            92              92Imports                     :    123        115            95              95   Supply, total            :    264        270           271             271Feed and residual           :    120        108           120             120Food, seed & industrial     :     74         74            75              75   Total domestic           :    195        182           195             195Exports                     :      3          3             3               3   Use, total               :    198        186           198             198Ending stocks, total        :     67         84            73              73Avg. farm price ($/bu) 2/   :   2.63       3.15    1.90- 2.50      1.80- 2.20===============================================================================Note: Totals may not add due to rounding.  1/ Marketing year beginningSeptember 1 for sorghum, June 1 for barley and oats.  2/ Marketing-yearweighted average price received by farmers.                                  WASDE-474-14                    September 2009                           U.S. Rice Supply and Use 1/                 (Rough Equivalent of Rough and Milled Rice)===============================================================================                            :         :         :      2009/10  Projections        Item                : 2007/08 : 2008/09 :==============================                            :         :   Est.  :      August       September===============================================================================TOTAL                       :Area                        :               Million acres Planted                    :   2.76       3.00          3.02            3.12 Harvested                  :   2.75       2.98          3.00            3.09Yield per harvested         :                    Pounds   acre                     :  7,219      6,846         7,039           7,051                            :                            :            Million hundredweight Beginning stocks 2/        :   39.3       29.4          22.7            30.4 Production                 :  198.4      203.7         211.2           217.9 Imports                    :   23.9       19.2          21.0            21.0   Supply, total            :  261.6      252.4         254.9           269.4 Domestic & residual 3/     :  127.4      127.8         132.0           129.5 Exports, total 4/          :  104.7       94.1          99.0            96.0  Rough                     :   37.7       31.9          35.0            33.0  Milled (rough equiv.)     :   67.1       62.3          64.0            63.0   Use, total               :  232.2      222.0         231.0           225.5 Ending stocks              :   29.4       30.4          23.9            43.9Avg. milling yield (%) 5/   :   70.5       70.5          70.5            70.5Avg. farm price ($/cwt) 6/  :  12.80      16.80   13.65-14.65     13.65-14.65                            :LONG GRAIN                  : Harvested acres (mil.)     :   2.05       2.35 Yield (pounds/acre)        :  6,980      6,522 Beginning stocks           :   28.5       19.0          16.8            20.1 Production                 :  143.2      153.3         150.4           153.3   Supply, total 7/         :  189.4      188.2         185.1           190.8 Domestic & Residual 3/     :   91.3      102.5         100.0            99.5 Exports 8/                 :   79.1       65.6          71.0            67.0   Use, total               :  170.4      168.1         171.0           166.5 Ending stocks              :   19.0       20.1          14.1            24.3 Avg. farm price ($/cwt) 6/ :  12.40      15.00   12.00-13.00     12.90-13.90                            :MEDIUM & SHORT GRAIN        : Harvested acres (mil.)     :   0.70       0.63 Yield (pounds/acre)        :  7,924      8,063 Beginning stocks           :   10.0        9.1           4.6             8.0 Production                 :   55.2       50.5          60.8            64.7   Supply, total 7/         :   70.8       61.9          68.4            76.2 Domestic & Residual 3/     :   36.1       25.3          32.0            30.0 Exports 8/                 :   25.7       28.5          28.0            29.0   Use, total               :   61.8       53.9          60.0            59.0 Ending stocks              :    9.1        8.0           8.4            17.2 Avg. farm price ($/cwt) 6/ :  14.60      23.70   19.50-20.50     16.25-17.25===============================================================================Note: Totals may not add due to rounding.  1/ Marketing year beginning August1.    2/ Includes the following quantities of broken kernel rice (typeundetermined) not included in estimates of beginning stocks by type (in mil.cwt): 2007/08-0.8; 2008/09-1.3; 2009/10-2.4. 3/ Residual includes unreporteduse, processing losses, and estimating errors.  Use by type may not add tototal rice use because of the difference in brokens between beginning andending stocks.  4/ Includes rough rice and milled rice exports.  Milled riceexports are converted to an equivalent rough basis.  5/ Expressed as a percent,i.e., the total quantity of whole kernel and broken rice produced divided bythe quantity of rough rice milled.  6/ Marketing-year weighted average pricereceived by farmers.  7/ Includes imports.  8/ Exports by type of rice areestimated.                                 WASDE-474-15                    September 2009         U.S. Soybeans and Products Supply and Use (Domestic Measure) 1/===============================================================================                           :         :         :      2009/10  Projections        Item               : 2007/08 : 2008/09 :===============================                           :         :   Est.  :      August       September===============================================================================SOYBEANS:                  :               Million acresArea                       :                              Planted                  :   64.7       75.7          77.7            77.7  Harvested                :   64.1       74.6          76.8            76.8                           :                           :                   BushelsYield per harvested        :    acre                   :   41.7       39.6          41.7            42.3                           :                           :             Million bushels                           :Beginning stocks           :    574        205           110             110Production                 :  2,677      2,959         3,199           3,245Imports                    :     10         15            10              10  Supply, total            :  3,261      3,179         3,320           3,366Crushings                  :  1,803      1,660         1,670           1,690Exports                    :  1,159      1,280         1,265           1,280Seed                       :     93         96            94              94Residual                   :      0         33            80              81  Use, total               :  3,056      3,069         3,109           3,145Ending stocks              :    205        110           210             220Avg. farm price ($/bu) 2/  :  10.10      10.00    8.40-10.40     8.10 -10.10                           :                           :                           :               Million poundsSOYBEAN OIL:               :Beginning stocks           :  3,085      2,485         3,140           3,100Production                 : 20,580     18,915 3/     18,955          19,180Imports                    :     65        100            75              75  Supply, total            : 23,730     21,500        22,170          22,355Domestic                   : 18,335     16,200        16,500          16,500  For methyl ester         :  3,245      1,850         2,000           2,100Exports                    :  2,911      2,200         3,250           3,250  Use, total               : 21,246     18,400        19,750          19,750Ending stocks              :  2,485      3,100         2,420           2,605Average price (c/lb) 2/    :  52.03      32.25         32.00-          32.00-                           :                            36.00           36.00                           :                           :           Thousand short tonsSOYBEAN MEAL:              :Beginning stocks           :    343        294           300             300Production                 : 42,284     39,456 3/     39,785          40,235Imports                    :    141        100           165             165  Supply, total            : 42,768     39,850        40,250          40,700Domestic                   : 33,232     30,750        31,000          30,800Exports                    :  9,242      8,800         8,950           9,600  Use, total               : 42,474     39,550        39,950          40,400Ending stocks              :    294        300           300             300Average price ($/s.t.) 2/  : 335.94     330.00        260.00-         250.00-                           :                           320.00          310.00===============================================================================Note: Reliability calculations at end of report.  1/ Marketing year beginningSeptember 1 for soybeans; October 1 for soybean oil and meal.  2/ Prices:Soybeans, marketing year weighted average price received by farmers; for Oil,simple average of crude soybean oil, Decatur; for Meal, simple average of 48percent, Decatur. 3/ Based on October-year crush of 1,665 million bushels.                              WASDE-474-16             September 2009                       U.S. Sugar Supply and Use 1/======================================================================                        :           :         : 2009/10 Projections      Item              : 2007/08   : 2008/09 :=======================                        :           :   Est.  :   August   September======================================================================                        :           1,000 short tons, raw value                    :Beginning stocks        :   1,799       1,660      1,252      1,307 Production 2/           :   8,152       7,571      8,275      8,025     Beet sugar            :   4,721       4,250      4,850      4,700     Cane sugar            :   3,431       3,321      3,425      3,325       Florida              :   1,645       1,569      1,800      1,700      Hawaii               :     182         200        160        160      Louisiana            :   1,446       1,400      1,300      1,300      Texas                :     158         152        165        165 Imports                 :   2,620       3,116      1,757      2,087      TRQ 3/                :   1,354       1,431      1,182      1,182     Other program 4/      :     565         300        400        400    Other 5/              :     701       1,385        175        505       Mexico              :     694       1,375        165        495        Total supply       :  12,571      12,347     11,284     11,419                           :Exports                 :     203         130        200        200  Deliveries              :  10,773      10,910     10,375     10,375      Food                  :  10,571      10,735     10,140     10,140     Other 6/              :     202         175        235        235   Miscellaneous 7/        :     -65           0          0          0         Total use          :  10,911      11,040     10,575     10,575  Ending stocks           :   1,660       1,307        709        844                           :                 Stocks to use ratio     :    15.2        11.8        6.7        8.0   ======================================================================1/ Fiscal years beginning Oct 1.  Includes Puerto Rico.  Historical data are from FSA, "Sweetener Market Data" except imports (U.S. Customs Service, Census Bureau). 2/ Production projections for 2009/10 are based on Crop Production and trend recovery rates. 3/ For 2009/10, includes only U.S. commitments under current trade agreements, minus shortfall of 200,000 tons.  The Secretary will establish the actual level of the TRQ at a later date.  4/ Includes sugar under the re-export and polyhydric alcohol programs.  5/ Does not include Mexico TRQ imports.  For 2007/08, other high-tier (0) and other (0).  For 2008/09, other high-tier (10) and other (0).  For 2009/10, other high-tier (10) and other (0).  6/ Transfers to sugar-containing products for reexport, and for nonedible alcohol and feed. 7/ Includes SMD miscellaneous uses and the difference between SMD imports and WASDE imports.     Mexico Sugar Supply and Use and High Fructose Corn Syrup Imports 1/==========================================================================            :               Supply            :        Use       :                Fiscal   :====================================================: Ending    year    : Beginning : Production: Imports : Domestic: Exports: stocks            :  stocks   :           :         :    2/     :      :==========================================================================                           1,000 metric tons, raw valueSugar       2008/09 est.        Aug      1,615        5,260      400       5,540    1,315      420        Sep      1,975        5,260      215       5,540    1,245      6652009/10 proj.        Aug        420        5,500      870       5,540      150    1,100        Sep        665        5,500      710       5,540      450      885`==========================================================================1/ U.S. HFCS exports to Mexico (metric tons, dry-weight basis): Oct-Sep 2007/08 = 427,705; Oct-Jul 2007/08 = 346,853; Oct-Jul 2008/09 = 224,814.  Footnote source: U.S. Census Bureau.  2/Includes domestic consumption and Mexico's products export program (IMMEX).                                 WASDE-474-17                    September 2009                           U. S. Cotton Supply and Use 1/===============================================================================                           :         :         :      2009/10  Projections        Item               : 2007/08 : 2008/09 :===============================                           :         :   Est.  :      August       September===============================================================================                           :               Million acresArea                       :                              Planted                  :  10.83       9.47          9.05            9.14  Harvested                :  10.49       7.57          7.77            7.73                           :                           :                   Pounds Yield per harvested        :    acre                   :    879        813           816             835                           :                           :             Million 480 pound bales                           :Beginning stocks 2/        :   9.48      10.04          6.10            6.20Production                 :  19.21      12.82         13.21           13.44Imports                    :   0.01       0.00          0.01            0.01  Supply, total            :  28.70      22.86         19.31           19.64Domestic use               :   4.59       3.60          3.50            3.50Exports                    :  13.65      13.28         10.20           10.50  Use, total               :  18.24      16.88         13.70           14.00Unaccounted 3/             :   0.41      -0.22          0.01            0.04Ending stocks              :  10.04       6.20          5.60            5.60                           :Avg. farm price 4/         :   59.3       48.7     49.0-59.0       49.0-59.0===============================================================================Note: Reliability calculations at end of report.1/ Upland and extra-long staple; marketing year beginning August 1.  Totals maynot add due to rounding.  2/ Based on Bureau of Census data.  3/ Reflects thedifference between the previous season's supply less total use and endingstocks based on Bureau of Census data.  4/ Cents per pound for upland cotton.===============================================================================                                 WASDE-474-18                    September 2009                          World Wheat Supply and Use 1/                             (Million Metric Tons)===============================================================================                      :          Supply         :           Use         :                      :=========================:=======================:Ending        Region        :         :       :       :  Domestic 2/  :       :stocks                      :Beginning:Produc-:       :===============:       :                      :  stocks : tion  :Imports: Feed : Total  :Exports:===============================================================================                      :                      :                      2007/08                      :World 3/              :  127.68  610.99  113.64   96.12  616.09  117.47  122.58United States         :   12.41   55.82    3.07    0.43   28.61   34.36    8.32Total foreign         :  115.27  555.17  110.58   95.68  587.48   83.10  114.26  Major exporters 4/  :   26.43  172.32    7.47   58.16  134.24   47.33   24.65   Argentina          :    1.07   18.00    0.02    0.08    5.13   11.20    2.76   Australia          :    4.43   13.84    0.11    3.50    6.20    7.49    4.69   Canada             :    6.87   20.05    0.39    2.14    6.37   16.38    4.56   EU-27 5/           :   14.08  120.43    6.94   52.44  116.54   12.27   12.64  Major importers 6/  :   62.18  175.24   59.40   10.61  225.86    8.72   62.24   Brazil             :    0.98    3.83    6.71    0.10   10.30    0.77    0.45   China              :   38.45  109.30    0.05    8.00  106.00    2.84   38.96   Select. Mideast 7/ :    6.69   20.37    9.37    1.15   29.24    0.56    6.62   N. Africa 8/       :    9.75   13.95   21.74    0.10   35.89    0.26    9.28   Pakistan           :    1.99   23.30    1.49    0.40   22.40    2.20    2.18   Southeast Asia 9/  :    2.66    0.00   11.20    0.46   10.53    0.50    2.85  Selected other      :   India              :    4.50   75.81    1.89    0.20   76.35    0.05    5.80   FSU-12             :    9.26   92.54    6.02   23.53   75.00   22.21   10.61    Russia            :    2.23   49.40    0.44   15.05   37.70   12.55    1.82    Kazakhstan        :    1.65   16.45    0.04    2.70    7.50    8.18    2.46    Ukraine           :    1.38   13.90    0.33    3.00   12.30    1.24    2.07                      :                      :                 2008/09 (Estimated)                      :World 3/              :  122.58  682.25  136.00  113.24  635.84  138.82  168.99United States         :    8.32   68.03    3.46    6.70   34.01   27.64   18.15Total foreign         :  114.26  614.23  132.54  106.54  601.83  111.18  150.84  Major exporters 4/  :   24.65  209.78    7.80   68.86  147.84   62.70   31.69   Argentina          :    2.76    8.40    0.03    0.08    5.08    5.70    0.41   Australia          :    4.69   21.50    0.13    3.75    6.80   14.00    5.51   Canada             :    4.56   28.61    0.35    4.03    8.47   18.50    6.56   EU-27 5/           :   12.64  151.27    7.30   61.00  127.50   24.50   19.21  Major importers 6/  :   62.24  172.78   73.62    9.07  227.94    5.85   74.85   Brazil             :    0.45    6.00    6.00    0.20   10.70    0.40    1.35   China              :   38.96  112.50    0.48    5.00  102.50    0.72   48.72   Select. Mideast 7/ :    6.62   13.31   20.13    1.55   31.20    0.71    8.15   N. Africa 8/       :    9.28   14.59   23.45    0.10   36.98    0.23   10.11   Pakistan           :    2.18   21.50    3.10    0.40   22.80    2.10    1.88   Southeast Asia 9/  :    2.85    0.00   11.96    1.42   11.67    0.36    2.78  Selected other      :   India              :    5.80   78.60    0.01    0.10   70.77    0.20   13.44   FSU-12             :   10.61  115.59    6.59   24.88   76.57   37.67   18.55    Russia            :    1.82   63.70    0.20   16.20   38.90   18.39    8.43    Kazakhstan        :    2.46   12.55    0.12    2.70    7.53    5.70    1.90    Ukraine           :    2.07   25.90    0.10    2.90   11.90   13.04    3.14===============================================================================1/ Aggregate of local marketing years.  2/ Total foreign and world useadjusted to reflect the differences in world imports and exports.  3/ Worldimports and exports may not balance due to differences in marketing years,grain in transit, and reporting discrepancies in some countries. 4/ Argentina,Australia, Canada, and the EU-27. 5/ Trade excludes intra-trade. 6/ Brazil,China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and SoutheastAsia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen,United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, andTunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.                                  WASDE-474-19                    September 2009                    World Wheat Supply and Use 1/ (Cont'd.)                             (Million Metric Tons)===============================================================================                      :          Supply         :           Use         :                      :=========================:=======================:Ending        Region        :         :       :       :  Domestic 2/  :       :stocks                      :Beginning:Produc-:       :===============:       :                      :  stocks : tion  :Imports: Feed : Total  :Exports:===============================================================================                      :                      :                 2009/10 (Projected)World 3/              :          August      :  169.50  659.29  117.91  109.23  645.23  123.38  183.56       September      :  168.99  663.72  117.66  109.70  646.10  122.96  186.61United States         :          August      :   18.15   59.43    2.99    6.40   34.51   25.86   20.21       September      :   18.15   59.43    2.99    6.40   34.51   25.86   20.21Total foreign         :          August      :  151.35  599.86  114.92  102.83  610.72   97.52  163.35       September      :  150.84  604.29  114.67  103.31  611.59   97.11  166.40  Major exporters 4/  :          August      :   32.27  190.29    6.88   65.58  145.73   55.50   28.22       September      :   31.69  191.99    6.88   65.58  146.23   55.00   29.32   Argentina      Aug :    0.61    8.50    0.01    0.08    5.18    3.00    0.93                  Sep :    0.41    8.00    0.01    0.08    5.18    2.50    0.73   Australia      Aug :    5.51   23.00    0.08    4.00    7.05   15.50    6.04                  Sep :    5.51   23.00    0.08    4.00    7.05   15.50    6.04   Canada         Aug :    7.07   22.50    0.30    2.50    7.00   17.00    5.87                  Sep :    6.56   22.50    0.30    2.50    7.00   17.00    5.36   EU-27 5/       Aug :   19.08  136.29    6.50   59.00  126.50   20.00   15.38                  Sep :   19.21  138.49    6.50   59.00  127.00   20.00   17.20  Major importers 6/  :          August      :   75.09  183.39   64.00    7.85  227.40    5.35   89.73       September      :   74.85  183.19   64.15    7.83  227.70    5.35   89.14   Brazil         Aug :    1.35    5.70    5.50    0.20   10.90    0.40    1.25                  Sep :    1.35    5.50    5.50    0.20   10.90    0.40    1.05   China          Aug :   48.72  114.50    0.30    4.00  101.00    1.50   61.02                  Sep :   48.72  114.50    0.30    4.00  101.00    1.50   61.02   Sel. Mideast 7/Aug :    8.40   15.03   17.55    1.32   30.52    0.66    9.79                  Sep :    8.15   15.03   17.75    1.32   30.62    0.66    9.65   N. Africa 8/   Aug :    9.82   19.03   18.65    0.10   37.48    0.24    9.78                  Sep :   10.11   19.03   18.95    0.10   37.88    0.24    9.98   Pakistan       Aug :    2.18   24.00    1.00    0.40   23.30    1.00    2.88                  Sep :    1.88   24.00    1.00    0.40   23.30    1.00    2.58   SE Asia 9/     Aug :    2.72    0.00   12.30    1.43   12.01    0.33    2.69                  Sep :    2.78    0.00   12.05    1.41   11.81    0.33    2.70  Selected other      :   India          Aug :   13.44   80.58    0.00    0.10   76.88    0.20   16.94                  Sep :   13.44   80.58    0.00    0.10   76.88    0.20   16.94   FSU-12         Aug :   18.35  102.74    5.08   25.53   77.80   31.44   16.93                  Sep :   18.55  105.01    4.98   26.03   78.28   31.44   18.82    Russia        Aug :    8.43   55.50    0.20   17.00   39.70   16.50    7.93                  Sep :    8.43   56.50    0.20   17.00   39.70   16.50    8.93    Kazakhstan    Aug :    1.51   14.00    0.05    2.70    7.55    6.50    1.51                  Sep :    1.90   14.50    0.05    2.70    7.55    6.50    2.40    Ukraine       Aug :    3.22   19.50    0.10    2.80   12.10    8.00    2.72                  Sep :    3.14   20.00    0.10    3.30   12.60    8.00    2.64===============================================================================1/ Aggregate of local marketing years.  2/ Total foreign and world useadjusted to reflect the differences in world imports and exports.  3/ Worldimports and exports may not balance due to differences in marketing years,grain in transit, and reporting discrepancies in some countries. 4/ Argentina,Australia, Canada, and the EU-27. 5/ Trade excludes intra-trade. 6/ Brazil,China, Japan, Mexico, N. Africa, Pakistan, selected Middle East, and SoutheastAsia. 7/ Lebanon, Iraq, Iran, Israel, Jordan, Kuwait, Saudi Arabia, Yemen,United Arab Emirates, and Oman. 8/ Algeria, Egypt, Libya, Morocco, andTunisia. 9/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.                                  WASDE-474-20                    September 2009                       World Coarse Grain Supply and Use 1/                             (Million Metric Tons)===============================================================================                      :          Supply         :           Use         :                      :=========================:=======================:Ending        Region        :         :       :       :  Domestic 2/  :       :stocks                      :Beginning:Produc-:       :===============:       :                      :  stocks : tion  :Imports: Feed : Total  :Exports:===============================================================================                      :                      :                      2007/08                      :World 3/              :  139.18 1077.23  126.52  655.03 1056.03  127.21  160.38United States         :   36.17  349.86    3.45  157.23  274.53   69.89   45.06Total foreign         :  103.00  727.37  123.07  497.80  781.49   57.32  115.32  Major exporters 4/  :    8.94   80.04    3.55   35.18   50.15   30.14   12.23   Argentina          :    2.10   26.97    0.13    7.24    9.90   16.93    2.37   Australia          :    1.56   11.55    0.01    5.17    6.47    4.44    2.20   Canada             :    3.50   27.82    3.27   18.43   24.02    6.57    4.01  Major importers 5/  :   36.03  216.91   97.78  236.85  310.40    5.41   34.91   EU-27 6/           :   15.13  135.89   20.30  118.60  153.85    4.63   12.84   Japan              :    1.76    0.20   19.21   14.53   19.44    0.00    1.72   Mexico             :    3.39   30.78   10.98   23.66   40.43    0.11    4.61   N. Afr & Mideast 7/:    8.54   24.94   19.61   39.05   46.00    0.02    7.07   Saudi Arabia       :    2.63    0.33    9.36    9.43    9.67    0.00    2.65   Southeast Asia 8/  :    2.57   24.37    4.31   20.00   27.41    0.65    3.19   South Korea        :    1.32    0.35    9.36    7.10    8.94    0.00    2.08  Selected other      :   Brazil             :    3.77   61.34    0.97   38.18   45.28    7.94   12.87   China              :   38.03  159.10    1.16  105.82  157.11    0.85   40.33   FSU-12             :    5.05   53.91    1.00   34.69   50.29    5.26    4.41    Russia            :    1.70   29.33    0.52   18.73   28.88    1.22    1.45    Ukraine           :    2.12   14.59    0.03    8.96   12.01    3.14    1.58                      :                      :                 2008/09 (Estimated)                      :World 3/              :  160.38 1100.20  107.05  645.05 1072.24  106.94  188.34United States         :   45.06  326.09    3.09  142.57  275.97   51.02   47.25Total foreign         :  115.32  774.11  103.96  502.48  796.27   55.92  141.10  Major exporters 4/  :   12.23   67.26    2.26   33.44   49.00   19.30   13.44   Argentina          :    2.37   16.43    0.13    6.01    8.67    8.46    1.80   Australia          :    2.20   11.12    0.00    4.92    6.27    4.43    2.63   Canada             :    4.01   27.19    1.90   17.76   23.67    3.88    5.56  Major importers 5/  :   34.91  243.46   79.46  232.03  309.31    6.54   41.98   EU-27 6/           :   12.84  161.58    3.18  112.70  151.00    5.56   21.04   Japan              :    1.72    0.22   19.64   14.82   19.74    0.00    1.84   Mexico             :    4.61   32.28   10.15   25.44   42.41    0.10    4.53   N. Afr & Mideast 7/:    7.07   24.19   21.79   38.74   45.75    0.16    7.14   Saudi Arabia       :    2.65    0.34    9.30    9.53    9.78    0.00    2.51   Southeast Asia 8/  :    3.19   24.43    3.63   20.06   27.86    0.72    2.66   South Korea        :    2.08    0.36    7.07    6.15    7.93    0.00    1.58  Selected other      :   Brazil             :   12.87   52.55    1.11   39.18   47.33    7.53   11.67   China              :   40.33  173.20    1.49  110.82  160.47    0.35   54.20   FSU-12             :    4.41   78.14    0.56   39.69   56.30   17.25    9.57    Russia            :    1.45   40.70    0.20   21.85   32.75    4.87    4.73    Ukraine           :    1.58   26.22    0.03    9.60   12.87   11.91    3.06===============================================================================1/ Aggregate of local marketing years. Coarse grains include corn, sorghum,barley, oats, rye, millet, and mixed grains (for U.S. excludes millet andmixed grains).  2/ Total foreign and world use adjusted to reflect thedifferences in world imports and exports. 3/ World imports and exports may notbalance due to differences in marketing years, grain in transit, and reportingdiscrepancies in some countries. 4/ Argentina, Australia, Canada, and SouthAfrica. 5/ The EU-27, Mexico, Japan, selected North Africa and Middle East,South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, andTurkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.                                 WASDE-474-21                    September 2009                   World Coarse Grain Supply and Use 1/ (Cont'd.)                             (Million Metric Tons)===============================================================================                      :          Supply         :           Use         :                      :=========================:=======================:Ending        Region        :         :       :       :  Domestic 2/  :       :stocks                      :Beginning:Produc-:       :===============:       :                      :  stocks : tion  :Imports: Feed : Total  :Exports:===============================================================================                      :                      :                 2009/10 (Projected)World 3/              :          August      :  186.78 1091.58  106.21  648.78 1096.86  110.05  181.50       September      :  188.34 1090.04  108.28  651.83 1099.29  111.90  179.09United States         :          August      :   48.14  339.84    2.80  141.81  288.20   57.28   45.30       September      :   47.25  344.98    2.67  143.08  289.47   59.82   45.62Total foreign         :          August      :  138.64  751.74  103.41  506.96  808.66   52.77  136.20       September      :  141.10  745.06  105.61  508.75  809.82   52.08  133.48  Major exporters 4/  :          August      :   12.69   65.33    2.70   33.49   49.56   20.37   10.80       September      :   13.44   63.80    3.80   33.41   49.48   19.47   12.09   Argentina      Aug :    2.00   20.47    0.03    7.06    9.77   10.71    2.02                  Sep :    1.80   19.47    0.03    6.76    9.47    9.91    1.92   Australia      Aug :    2.63   11.56    0.00    5.57    6.94    4.41    2.84                  Sep :    2.63   11.56    0.00    5.57    6.94    4.41    2.84   Canada         Aug :    4.60   22.33    2.47   16.11   22.47    3.73    3.21                  Sep :    5.56   21.80    3.57   16.33   22.69    3.63    4.61  Major importers 5/  :          August      :   41.30  233.94   79.54  231.00  310.19    6.30   38.29       September      :   41.98  233.83   79.59  232.65  311.34    5.94   38.12   EU-27 6/       Aug :   20.21  149.17    3.08  110.90  150.10    5.31   17.05                  Sep :   21.04  149.31    2.93  112.45  151.15    4.81   17.32   Japan          Aug :    1.84    0.19   19.29   14.51   19.43    0.00    1.89                  Sep :    1.84    0.19   19.29   14.51   19.43    0.00    1.89   Mexico         Aug :    4.53   30.13   11.45   24.98   42.20    0.05    3.86                  Sep :    4.53   29.88   11.65   25.08   42.30    0.05    3.71   N Afr/M.East 7/Aug :    7.28   28.60   19.83   40.08   47.46    0.06    8.19                  Sep :    7.14   28.60   19.83   40.08   47.46    0.20    7.91   Saudi Arabia   Aug :    2.51    0.34    9.30    9.43    9.68    0.00    2.47                  Sep :    2.51    0.34    9.30    9.43    9.68    0.00    2.47   S.-east Asia 8/Aug :    2.66   25.06    4.33   20.46   28.56    0.89    2.60                  Sep :    2.66   25.06    4.33   20.46   28.56    0.89    2.60   South Korea    Aug :    1.58    0.35    7.57    6.05    7.93    0.00    1.57                  Sep :    1.58    0.35    7.57    6.05    7.93    0.00    1.57  Selected other      :   Brazil         Aug :   10.48   56.51    0.75   40.08   47.65    9.10   10.99                  Sep :   11.67   54.51    0.75   40.18   47.75    9.10   10.08   China          Aug :   54.20  169.50    1.59  115.67  166.47    0.62   58.20                  Sep :   54.20  167.00    1.59  115.67  166.47    0.62   55.70   FSU-12         Aug :    9.75   63.52    0.41   37.83   54.04   11.85    7.79                  Sep :    9.57   63.47    0.41   38.19   54.40   12.10    6.96    Russia        Aug :    4.83   31.40    0.20   20.75   31.05    2.10    3.28                  Sep :    4.73   30.40    0.20   20.75   31.05    2.30    1.98    Ukraine       Aug :    3.13   21.95    0.02    9.50   12.90    9.02    3.18                  Sep :    3.06   22.45    0.02    9.70   13.10    9.02    3.41===============================================================================1/ Aggregate of local marketing years. Coarse grains include corn, sorghum,barley, oats, rye, millet, and mixed grains (for U.S. excludes millet andmixed grains).  2/ Total foreign and world use adjusted to reflect thedifferences in world imports and exports. 3/ World imports and exports may notbalance due to differences in marketing years, grain in transit, and reportingdiscrepancies in some countries. 4/ Argentina, Australia, Canada, and SouthAfrica. 5/ The EU-27, Mexico, Japan, selected North Africa and Middle East,South Korea, Southeast Asia, and Taiwan. 6/ Trade excludes intra-trade. 7/Algeria, Egypt, Iran, Israel, Jordan, Libya, Morocco, Syria, Tunisia, andTurkey. 8/ Indonesia, Malaysia, Philippines, Thailand, and Vietnam.                                 WASDE-474-22                    September 2009                           World Corn Supply and Use 1/                             (Million Metric Tons)===============================================================================                      :          Supply         :           Use         :                      :=========================:=======================:Ending        Region        :         :       :       :  Domestic 2/  :       :stocks                      :Beginning:Produc-:       :===============:       :                      :  stocks : tion  :Imports: Feed : Total  :Exports:===============================================================================                      :                      :                      2007/08                      :World 3/              :  109.04  791.88   98.33  496.40  770.60   98.61  130.31United States         :   33.11  331.18    0.51  150.21  261.63   61.91   41.26Total foreign         :   75.92  460.70   97.82  346.19  508.97   36.70   89.06  Major exporters 4/  :    3.32   35.16    0.15    9.40   16.20   16.96    5.48   Argentina          :    1.66   22.00    0.12    5.10    7.00   14.80    1.99   South Africa       :    1.66   13.16    0.03    4.30    9.20    2.16    3.49  Major importers 5/  :   17.09  101.77   62.46  118.90  163.38    1.32   16.61   Egypt              :    0.92    6.17    4.15    8.30   10.40    0.00    0.85   EU-27 6/           :    7.38   47.55   14.02   51.00   63.90    0.59    4.46   Japan              :    1.15    0.00   16.61   12.00   16.60    0.00    1.16   Mexico             :    3.08   23.60    9.56   16.20   32.00    0.11    4.13   Southeast Asia 7/  :    2.56   24.32    4.28   19.95   27.35    0.62    3.19   South Korea        :    1.32    0.08    9.31    7.05    8.63    0.00    2.08  Selected other      :   Brazil             :    3.59   58.60    0.68   36.00   42.50    7.79   12.58   Canada             :    1.34   11.65    3.18   10.18   13.77    0.94    1.46   China              :   36.60  152.30    0.04  105.00  149.00    0.55   39.39   FSU-12             :    1.77   13.79    0.62   11.16   12.90    2.13    1.14    Ukraine           :    1.07    7.40    0.02    5.00    5.75    2.07    0.67                      :                      :                 2008/09 (Estimated)                      :World 3/              :  130.31  789.43   78.72  479.77  775.06   78.76  144.69United States         :   41.26  307.39    0.38  133.36  258.96   46.99   43.07Total foreign         :   89.06  482.04   78.34  346.41  516.09   31.77  101.62  Major exporters 4/  :    5.48   24.60    0.23    9.20   16.20    9.50    4.60   Argentina          :    1.99   12.60    0.13    4.50    6.40    7.00    1.31   South Africa       :    3.49   12.00    0.10    4.70    9.80    2.50    3.29  Major importers 5/  :   16.61  118.41   45.80  113.65  160.40    2.55   17.87   Egypt              :    0.85    6.22    4.20    8.10   10.30    0.00    0.96   EU-27 6/           :    4.46   62.69    2.50   46.50   61.00    1.75    6.90   Japan              :    1.16    0.00   16.50   11.80   16.40    0.00    1.27   Mexico             :    4.13   25.00    7.40   16.60   32.60    0.10    3.83   Southeast Asia 7/  :    3.19   24.37    3.60   20.00   27.80    0.70    2.66   South Korea        :    2.08    0.09    7.00    6.10    7.60    0.00    1.58  Selected other      :   Brazil             :   12.58   50.00    0.80   37.00   44.50    7.50   11.38   Canada             :    1.46   10.60    1.80    8.70   12.50    0.30    1.06   China              :   39.39  165.90    0.05  110.00  152.00    0.25   53.09   FSU-12             :    1.14   21.32    0.32   12.47   14.36    6.93    1.49    Ukraine           :    0.67   11.40    0.03    4.90    5.65    5.50    0.94===============================================================================1/ Aggregate of local marketing years. 2/ Total foreign and world use adjustedto reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain intransit, and reporting discrepancies in some countries. 4/ Argentina and SouthAfrica. 5/ Egypt, the EU-27, Mexico, Japan, South Korea, Taiwan, and SoutheastAsia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines,Thailand, and Vietnam.                                 WASDE-474-23                    September 2009                       World Corn Supply and Use 1/ (Cont'd.)                             (Million Metric Tons)===============================================================================                      :          Supply         :           Use         :                      :=========================:=======================:Ending        Region        :         :       :       :  Domestic 2/  :       :stocks                      :Beginning:Produc-:       :===============:       :                      :  stocks : tion  :Imports: Feed : Total  :Exports:===============================================================================                      :                      :                 2009/10 (Projected)World 3/              :          August      :  144.08  796.33   81.43  484.82  798.93   84.32  141.49       September      :  144.69  794.06   83.40  485.99  799.62   85.72  139.12United States         :          August      :   43.70  324.14    0.38  134.63  273.70   53.34   41.19       September      :   43.07  329.06    0.25  135.90  274.97   55.88   41.53Total foreign         :          August      :  100.38  472.19   81.05  350.20  525.23   30.98  100.30       September      :  101.62  465.00   83.15  350.10  524.65   29.84   97.60  Major exporters 4/  :          August      :    4.70   25.50    0.13    8.70   15.70   10.50    4.13       September      :    4.60   24.50    0.13    8.70   15.70    9.50    4.03   Argentina      Aug :    1.41   15.00    0.03    4.00    5.90    9.00    1.54                  Sep :    1.31   14.00    0.03    4.00    5.90    8.00    1.44   South Africa   Aug :    3.29   10.50    0.10    4.70    9.80    1.50    2.59                  Sep :    3.29   10.50    0.10    4.70    9.80    1.50    2.59  Major importers 5/  :          August      :   17.15  110.13   48.40  111.25  159.00    2.91   13.77       September      :   17.87  109.84   48.40  111.45  159.20    2.41   14.50   Egypt          Aug :    0.96    6.30    4.20    8.30   10.60    0.00    0.86                  Sep :    0.96    6.30    4.20    8.30   10.60    0.00    0.86   EU-27 6/       Aug :    6.18   56.16    2.50   44.30   59.10    2.00    3.74                  Sep :    6.90   55.87    2.50   44.50   59.30    1.50    4.47   Japan          Aug :    1.27    0.00   16.30   11.70   16.30    0.00    1.27                  Sep :    1.27    0.00   16.30   11.70   16.30    0.00    1.27   Mexico         Aug :    3.83   22.50    9.00   16.00   32.20    0.05    3.08                  Sep :    3.83   22.50    9.00   16.00   32.20    0.05    3.08   S.-east Asia 7/Aug :    2.66   25.00    4.30   20.40   28.50    0.86    2.60                  Sep :    2.66   25.00    4.30   20.40   28.50    0.86    2.60   South Korea    Aug :    1.58    0.09    7.50    6.00    7.60    0.00    1.57                  Sep :    1.58    0.09    7.50    6.00    7.60    0.00    1.57  Selected other      :   Brazil         Aug :   10.38   54.00    0.50   38.00   45.00    9.00   10.88                  Sep :   11.38   52.00    0.50   38.00   45.00    9.00    9.88   Canada         Aug :    1.26   10.30    2.40    8.10   12.40    0.40    1.16                  Sep :    1.06    9.40    3.50    8.40   12.70    0.30    0.96   China          Aug :   53.09  162.50    0.05  115.00  158.00    0.50   57.14                  Sep :   53.09  160.00    0.05  115.00  158.00    0.50   54.64   FSU-12         Aug :    1.59   16.82    0.19   11.76   13.54    3.38    1.68                  Sep :    1.49   16.82    0.19   11.46   13.24    3.38    1.88    Ukraine       Aug :    0.94    8.50    0.01    4.70    5.45    3.00    1.00                  Sep :    0.94    8.50    0.01    4.40    5.15    3.00    1.30===============================================================================1/ Aggregate of local marketing years. 2/ Total foreign and world use adjustedto reflect the differences in world imports and exports. 3/ World imports and exports may not balance due to differences in marketing years, grain intransit, and reporting discrepancies in some countries. 4/ Argentina and SouthAfrica. 5/ Egypt, the EU-27, Mexico, Japan, South Korea, Taiwan, and SoutheastAsia. 6/ Trade excludes intra-trade. 7/ Indonesia, Malaysia, Philippines,Thailand, and Vietnam.                                 WASDE-474-24                    September 2009                    World Rice Supply and Use (Milled Basis) 1/                             (Million Metric Tons)===============================================================================                      :          Supply         :        Use        :                      :=========================:===================: Ending        Region        :         :       :       :         :         : stocks                      :Beginning:Produc-:       : Total 2/:         :                      :  stocks : tion  :Imports: Domestic: Exports :===============================================================================                      :                      :                      2007/08World 3/              :   75.10  433.39   29.22    428.20    31.15    80.30United States         :    1.27    6.34    0.76      4.08     3.35     0.94Total foreign         :   73.84  427.05   28.46    424.12    27.80    79.36  Major exporters 4/  :   16.03  146.06    0.31    121.92    22.31    18.18   India              :   11.43   96.69    0.00     90.47     4.65    13.00   Pakistan           :    0.70    5.70    0.00      2.45     3.00     0.95   Thailand           :    2.51   19.30    0.01      9.60    10.01     2.21   Vietnam            :    1.39   24.38    0.30     19.40     4.65     2.02  Major importers 5/  :   13.70   63.27   11.39     73.20     0.72    14.44   Brazil             :    1.16    8.20    0.42      8.25     0.55     0.97   EU-27 6/           :    1.14    1.82    1.57      3.24     0.15     1.14   Indonesia          :    4.61   37.00    0.35     36.35     0.00     5.61   Nigeria            :    0.47    3.00    1.80      4.50     0.00     0.77   Philippines        :    4.87   10.48    2.57     13.50     0.00     4.42   Sel. Mideast 7/    :    1.34    2.38    3.44      5.70     0.02     1.43  Selected other      :   Burma              :    0.60   10.73    0.05     10.25     0.54     0.59   C. Amer & Carib 8/ :    0.48    1.30    1.56      2.96     0.00     0.38   China              :   35.92  129.85    0.30    127.45     0.97    37.64   Egypt              :    0.37    4.39    0.02      3.34     0.75     0.69   Japan              :    2.41    7.93    0.60      8.18     0.20     2.56   Mexico             :    0.15    0.18    0.58      0.76     0.01     0.14   South Korea        :    0.70    4.41    0.25      4.67     0.00     0.69                      :                      :                 2008/09 (Estimated)World 3/              :   80.30  444.85   26.74    435.83    28.08    89.32United States         :    0.94    6.52    0.61      4.08     3.01     0.97Total foreign         :   79.36  438.34   26.13    431.75    25.07    88.35  Major exporters 4/  :   18.18  148.56    0.80    125.99    19.20    22.34   India              :   13.00   99.15    0.00     93.15     2.00    17.00   Pakistan           :    0.95    6.30    0.00      3.40     3.00     0.85   Thailand           :    2.21   19.40    0.30     10.29     8.50     3.12   Vietnam            :    2.02   23.71    0.50     19.15     5.70     1.37  Major importers 5/  :   14.44   64.64   11.11     75.32     0.60    14.27   Brazil             :    0.97    8.60    0.47      8.66     0.45     0.93   EU-27 6/           :    1.14    1.68    1.20      2.86     0.12     1.05   Indonesia          :    5.61   38.30    0.35     37.65     0.01     6.60   Nigeria            :    0.77    3.20    1.60      5.00     0.00     0.57   Philippines        :    4.42   10.75    2.30     13.65     0.00     3.82   Sel. Mideast 7/    :    1.43    1.67    4.06      5.93     0.02     1.21  Selected other      :   Burma              :    0.59   10.15    0.03      9.55     1.00     0.22   C. Amer & Carib 8/ :    0.38    1.41    1.26      2.75     0.00     0.30   China              :   37.64  134.33    0.33    129.30     0.80    42.20   Egypt              :    0.69    4.39    0.02      3.80     0.55     0.74   Japan              :    2.56    8.03    0.70      8.37     0.20     2.72   Mexico             :    0.14    0.19    0.50      0.73     0.01     0.09   South Korea        :    0.69    4.84    0.28      5.01     0.00     0.81===============================================================================1/ Aggregate of local marketing years.  2/ Total foreign and world useadjusted to reflect the differences in world imports and exports. Totaldomestic includes both domestic use and unreported disappearance.  3/ Worldimports and exports may not balance due to differences in some countries.   4/ India, Pakistan, Thailand, and Vietnam.  5/ Brazil,  Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, and the EU-27. 6/Trade excludes intra-trade.  7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries.                                 WASDE-474-25                    September 2009                    World Rice Supply and Use (Milled Basis) 1/ (Cont'd.)                             (Million Metric Tons)===============================================================================                      :          Supply         :        Use        :                      :=========================:===================: Ending        Region        :         :       :       :         :         : stocks                      :Beginning:Produc-:       : Total 2/:         :                      :  stocks : tion  :Imports: Domestic: Exports :===============================================================================                      :                      :                 2009/10 (Projected)World 3/              :          August      :   88.71  433.46   27.06    438.14    29.74    84.04       September      :   89.32  433.51   27.10    437.98    29.34    84.86United States         :          August      :    0.73    6.75    0.67      4.22     3.17     0.76       September      :    0.97    6.97    0.67      4.14     3.07     1.40Total foreign         :          August      :   87.99  426.71   26.39    433.92    26.57    83.27       September      :   88.35  426.54   26.43    433.84    26.27    83.45  Major exporters 4/  :          August      :   21.94  133.99    0.41    120.95    19.80    15.59       September      :   22.34  133.79    0.51    120.95    19.80    15.89   India          Aug :   17.00   84.00    0.00     89.50     1.50    10.00                  Sep :   17.00   84.00    0.00     89.50     1.50    10.00   Pakistan       Aug :    0.85    6.20    0.00      2.70     3.30     1.05                  Sep :    0.85    6.00    0.00      2.70     3.30     0.85   Thailand       Aug :    3.12   20.00    0.01      9.60    10.00     3.52                  Sep :    3.12   20.00    0.01      9.60    10.00     3.52   Vietnam        Aug :    0.97   23.80    0.40     19.15     5.00     1.02                  Sep :    1.37   23.80    0.50     19.15     5.00     1.52  Major importers 5/  :          August      :   14.27   65.02   11.47     76.17     0.60    13.98       September      :   14.27   65.22   11.47     76.37     0.60    13.98   Brazil         Aug :    0.93    8.84    0.60      8.84     0.45     1.08                  Sep :    0.93    8.84    0.60      8.84     0.45     1.08   EU-27 6/       Aug :    1.05    1.91    1.25      2.96     0.10     1.15                  Sep :    1.05    1.94    1.25      2.99     0.10     1.15   Indonesia      Aug :    6.60   37.60    0.30     37.69     0.00     6.81                  Sep :    6.60   37.60    0.30     37.69     0.00     6.81   Nigeria        Aug :    0.57    3.40    1.60      5.10     0.00     0.47                  Sep :    0.57    3.40    1.60      5.10     0.00     0.47   Philippines    Aug :    3.82   10.71    2.40     13.85     0.00     3.09                  Sep :    3.82   10.87    2.40     14.01     0.00     3.09   Sel. Mideast 7/Aug :    1.21    2.07    4.17      6.09     0.05     1.30                  Sep :    1.21    2.07    4.17      6.09     0.05     1.30  Selected other      :   Burma          Aug :    0.22   10.73    0.00      9.75     1.00     0.20                  Sep :    0.22   10.73    0.00      9.75     1.00     0.20   C. Am & Car. 8/Aug :    0.30    1.50    1.50      2.97     0.00     0.33                  Sep :    0.30    1.50    1.50      2.97     0.00     0.33   China          Aug :   42.20  135.10    0.35    131.85     1.30    44.50                  Sep :   42.20  135.10    0.35    131.85     1.30    44.50   Egypt          Aug :    0.74    4.37    0.00      3.68     0.90     0.54                  Sep :    0.74    4.37    0.01      3.99     0.60     0.54   Japan          Aug :    2.72    7.71    0.70      8.20     0.20     2.73                  Sep :    2.72    7.62    0.70      8.20     0.20     2.64   Mexico         Aug :    0.13    0.24    0.68      0.86     0.01     0.18                  Sep :    0.09    0.24    0.60      0.78     0.01     0.15   South Korea    Aug :    0.81    4.50    0.30      4.75     0.00     0.86                  Sep :    0.81    4.50    0.30      4.75     0.00     0.86===============================================================================1/ Aggregate of local marketing years.  2/ Total foreign and world useadjusted to reflect the differences in world imports and exports. Totaldomestic includes both domestic use and unreported disappearance.  3/ Worldimports and exports may not balance due to differences in some countries.   4/ India, Pakistan, Thailand, and Vietnam.  5/ Brazil,  Indonesia, Hong Kong, Cote d'Ivoire, Nigeria, Philippines, selected Middle East, the EU-27. 6/ Tradeexcludes intra-trade.  7/ Selected Middle East includes Iran, Iraq, and Saudi Arabia. 8/ Central American and Caribbean countries.                                 WASDE-474-26                    September 2009                          World Cotton Supply and Use 1/                             (Million 480-pound bales)================================================================================                      :          Supply         :       Use      :      :        Region        :=========================:================: Loss : Ending                      :Beginning:Produc-:Imports:Domestic:Exports:  2/  : stocks                      :  stocks : tion  :       :        :       :      :================================================================================                      :                      :                      2007/08                      :World                 :   63.29  120.51    38.31  122.76    38.34  -2.06  63.07United States         :    9.48   19.21     0.01    4.59    13.65   0.41  10.04Total foreign         :   53.81  101.30    38.30  118.17    24.68  -2.47  53.03  Major exporters 4/  :   20.14   47.07     1.56   28.18    20.97  -0.16  19.78   Central Asia 5/    :    2.27    8.20     0.04    1.61     6.30   0.00   2.60   Afr. Fr. Zone 6/   :    1.13    2.46       3/    0.19     2.58   0.00   0.82   S. Hemis. 7/       :    7.96    9.72     0.53    6.00     4.09  -0.18   8.30    Australia         :    1.18    0.64       3/    0.05     1.22  -0.05   0.60   Brazil             :    5.41    7.36     0.16    4.60     2.23  -0.15   6.25   India              :    7.66   24.60     0.60   18.60     7.03   0.00   7.23  Major importers 8/  :   31.65   51.46    34.12   85.52     2.66  -2.31  31.37   Mexico             :    1.03    0.62     1.53    2.00     0.22   0.03   0.93   China              :   20.54   37.00    11.53   51.50     0.06  -2.50  20.00   EU-27 9/           :    0.83    1.74     1.58    1.81     1.62   0.05   0.67   Turkey             :    1.95    3.10     3.27    6.00     0.37   0.00   1.95   Pakistan           :    4.88    8.90     3.91   12.00     0.27   0.03   5.39   Indonesia          :    0.35    0.03     2.30    2.23     0.02   0.05   0.39   Thailand           :    0.35    0.02     1.93    1.95     0.00   0.03   0.32   Bangladesh         :    0.51    0.04     2.80    2.75     0.00   0.01   0.58   Vietnam            :    0.22    0.03     1.16    1.15     0.00   0.00   0.25                      :                      :                 2008/09 (Estimated)                      :World                 :   63.07  106.67    29.27  110.66    29.60  -2.71  61.47United States         :   10.04   12.82       3/    3.60    13.28  -0.22   6.20Total foreign         :   53.03   93.86    29.27  107.06    16.33  -2.50  55.27  Major exporters 4/  :   19.78   42.34     1.38   26.91    13.36  -0.19  23.42   Central Asia 5/    :    2.60    7.12     0.01    1.60     3.92   0.00   4.20   Afr. Fr. Zone 6/   :    0.82    2.41       3/    0.19     2.17   0.00   0.87   S. Hemis. 7/       :    8.30    8.70     0.32    5.52     4.59  -0.20   7.41    Australia         :    0.60    1.50       3/    0.05     1.19  -0.07   0.94   Brazil             :    6.25    5.50     0.05    4.20     2.74  -0.15   5.01   India              :    7.23   22.50     0.63   17.90     2.30   0.00  10.16  Major importers 8/  :   31.37   48.64    25.49   75.85     1.95  -2.31  30.01   Mexico             :    0.93    0.58     1.32    1.85     0.18   0.03   0.77   China              :   20.00   35.80     7.00   45.25     0.08  -2.50  19.97   EU-27 9/           :    0.67    1.24     0.97    1.15     1.01   0.05   0.66   Turkey             :    1.95    1.93     2.89    5.00     0.14   0.00   1.63   Pakistan           :    5.39    9.00     2.20   11.50     0.43   0.03   4.64   Indonesia          :    0.39    0.03     2.00    2.00     0.02   0.05   0.35   Thailand           :    0.32    0.02     1.60    1.60     0.00   0.03   0.30   Bangladesh         :    0.58    0.04     2.95    2.90     0.00   0.01   0.66   Vietnam            :    0.25    0.01     1.14    1.15     0.00   0.00   0.25================================================================================1/ Marketing year beginning August 1.   Totals may not add exactly and trademay not balance due to rounding and other factors.   2/ Generally reflectscotton lost or destroyed in the marketing channel; for Australia, Brazil,China, and the United States, reflects the difference between implicit stocks based on supply less total use and indicated ending stocks.  3/ Less than5,000 bales.  4/ Includes Egypt and Syria in addition to the countries andregions listed.  5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan,Turkmenistan, and Uzbekistan.  6/ Benin, Burkino Faso, Cameroon, CentralAfrican Republic, Chad, Cote d'Ivoire, Mali, Niger, Senegal, and Togo.  7/Argentina, Australia, Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe. 8/ In addition to the countries and regions listed, includes Hong Kong, Japan,Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade.                                 WASDE-474-27                    September 2009                          World Cotton Supply and Use 1/                             (Million 480-pound bales)================================================================================                      :          Supply         :       Use      :      :        Region        :=========================:================: Loss : Ending                      :Beginning:Produc-:Imports:Domestic:Exports:  2/  : stocks                      :  stocks : tion  :       :        :       :      :================================================================================                      :                      :                 2009/10 (Projected)World                 :          August      :   61.85  105.87    31.95  112.76    31.95  -2.49  57.46       September      :   61.47  105.06    32.02  112.74    31.99  -2.45  56.26United States         :          August      :    6.10   13.21     0.01    3.50    10.20   0.01   5.60       September      :    6.20   13.44     0.01    3.50    10.50   0.04   5.60Total foreign         :          August      :   55.75   92.67    31.95  109.26    21.75  -2.50  51.86       September      :   55.27   91.62    32.01  109.24    21.49  -2.50  50.66  Major exporters 4/  :          August      :   23.84   43.99     1.25   27.22    19.02  -0.19  23.03       September      :   23.42   42.94     1.26   27.42    18.66  -0.19  21.73   Central Asia 5/Aug :    4.22    6.40     0.03    1.50     5.97   0.00   3.19                  Sep :    4.20    6.35     0.01    1.50     5.92   0.00   3.14   Afr. Fr. Zn. 6/Aug :    0.88    2.34       3/    0.19     2.21   0.00   0.83                  Sep :    0.87    2.34       3/    0.19     2.21   0.00   0.82   S. Hemis 7/    Aug :    7.47    8.85     0.40    5.51     4.17  -0.20   7.24                  Sep :    7.41    8.85     0.42    5.51     4.16  -0.20   7.22    Australia     Aug :    0.93    1.80       3/    0.04     1.60  -0.07   1.17                  Sep :    0.94    1.80       3/    0.04     1.60  -0.07   1.17   Brazil         Aug :    5.02    5.40     0.10    4.20     1.80  -0.15   4.67                  Sep :    5.01    5.40     0.10    4.20     1.80  -0.15   4.66   India          Aug :   10.48   25.00     0.40   18.30     6.40   0.00  11.18                  Sep :   10.16   24.00     0.40   18.50     6.10   0.00   9.96  Major importers 8/  :          August      :   30.01   45.87    28.27   77.81     1.64  -2.31  27.00       September      :   30.01   45.87    28.27   77.57     1.74  -2.31  27.15   Mexico         Aug :    0.77    0.40     1.60    1.90     0.10   0.03   0.75                  Sep :    0.77    0.40     1.60    1.90     0.10   0.03   0.75   China          Aug :   19.97   33.50     8.00   46.50     0.08  -2.50  17.40                  Sep :   19.97   33.50     8.00   46.25     0.08  -2.50  17.64   EU-27 9/       Aug :    0.66    0.97     0.97    1.06     0.93   0.05   0.56                  Sep :    0.66    0.97     0.95    1.05     0.93   0.05   0.56   Turkey         Aug :    1.61    1.70     3.30    5.10     0.10   0.00   1.41                  Sep :    1.63    1.70     3.30    5.10     0.10   0.00   1.43   Pakistan       Aug :    4.64    9.20     3.00   12.00     0.30   0.03   4.51                  Sep :    4.64    9.20     3.00   12.00     0.40   0.03   4.41   Indonesia      Aug :    0.35    0.03     2.08    2.05     0.02   0.05   0.33                  Sep :    0.35    0.03     2.08    2.05     0.02   0.05   0.33   Thailand       Aug :    0.30    0.01     1.73    1.70     0.00   0.03   0.31                  Sep :    0.30    0.01     1.73    1.70     0.00   0.03   0.31   Bangladesh     Aug :    0.66    0.04     3.05    3.05     0.00   0.01   0.70                  Sep :    0.66    0.04     3.05    3.05     0.00   0.01   0.70   Vietnam        Aug :    0.25    0.01     1.20    1.20     0.00   0.00   0.26                  Sep :    0.25    0.01     1.20    1.20     0.00   0.00   0.26================================================================================1/ Marketing year beginning August 1.   Totals may not add exactly and trademay not balance due to rounding and other factors.   2/ Generally reflectscotton lost or destroyed in the marketing channel; for Australia, Brazil, and the United States, reflects the difference between implicit stocks based onsupply less total use and indicated ending stocks. 3/ Less than 5,000 bales.  4/ Includes Egypt and Syria in addition to the countries and regions listed.  5/ Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, andUzbekistan.  6/ Benin, Burkino Faso, Cameroon, Central African Republic, Chad,Cote d'Ivoire, Mali, Niger, Senegal, and Togo.   7/ Argentina, Australia,Brazil, Paraguay, South Africa, Tanzania, and Zimbabwe.  8/ In addition to thecountries and regions listed, includes Hong Kong, Japan, Russia, South Korea, and Taiwan. 9/ Includes intra-EU trade.                                 WASDE-474-28                    September 2009                        World Soybean Supply and Use 1/                             (Million Metric Tons)===============================================================================                      :          Supply         :           Use         :                      :=========================:=======================:Ending     Region           :         :       :       :               :       :stocks                      :Beginning:Produc-:       :    Domestic   :       :                      :  stocks : tion  :Imports: Crush : Total :Exports:===============================================================================                      :                      :                      2007/08World 2/              :   62.89  221.13   78.16  201.93  229.75   79.52   52.91United States         :   15.62   72.86    0.27   49.08   51.63   31.54    5.58Total foreign         :   47.27  148.27   77.89  152.85  178.12   47.98   47.33  Major exporters 3/  :   40.98  114.10    3.11   68.12   72.78   44.60   40.81   Argentina          :   22.61   46.20    2.95   34.61   36.16   13.84   21.76   Brazil             :   18.19   61.00    0.15   32.11   35.07   25.36   18.90  Major importers 4/  :    4.42   16.02   64.01   62.88   78.36    0.53    5.57   China              :    2.70   14.00   37.82   39.52   49.82    0.45    4.25   EU-27              :    1.12    0.72   15.12   14.87   16.11    0.04    0.81   Japan              :    0.26    0.23    4.01    2.89    4.22    0.01    0.27   Mexico             :    0.04    0.08    3.61    3.68    3.71    0.00    0.02                      :                      :                 2008/09 (Estimated)World 2/              :   52.91  210.72   74.35  193.01  221.43   76.32   40.22United States         :    5.58   80.54    0.41   45.18   48.68   34.84    3.00Total foreign         :   47.33  130.19   73.95  147.83  172.75   41.49   37.22  Major exporters 3/  :   40.81   92.80    1.67   66.10   70.55   37.62   27.11   Argentina          :   21.76   32.00    1.60   32.80   34.16    5.97   15.24   Brazil             :   18.90   57.00    0.05   31.80   34.77   29.35   11.83  Major importers 4/  :    5.57   18.02   62.38   61.07   76.45    0.53    8.98   China              :    4.25   16.00   39.80   41.04   51.34    0.47    8.24   EU-27              :    0.81    0.65   12.80   12.50   13.73    0.03    0.51   Japan              :    0.27    0.23    3.45    2.54    3.85    0.00    0.10   Mexico             :    0.02    0.16    3.10    3.22    3.25    0.00    0.03                      :                      :                 2009/10 (Projected)World 2/              :          August      :   41.00  242.07   74.54  200.72  231.34   75.96   50.32       September      :   40.22  243.94   75.04  201.01  231.63   77.04   50.53United States         :          August      :    3.00   87.07    0.27   45.45   50.19   34.43    5.72       September      :    3.00   88.32    0.27   45.99   50.77   34.84    6.00Total foreign         :          August      :   38.00  155.01   74.27  155.27  181.15   41.53   44.60       September      :   37.22  155.61   74.77  155.02  180.87   42.21   44.53  Major exporters 3/  :          August      :   28.66  116.75    0.67   68.25   73.04   37.67   35.36       September      :   27.11  118.75    0.67   68.65   73.44   38.12   34.96   Argentina      Aug :   15.24   51.00    0.50   35.10   36.73    9.70   20.31                  Sep :   15.24   51.00    0.50   35.50   37.13    9.70   19.91   Brazil         Aug :   13.38   60.00    0.15   31.60   34.64   24.00   14.90                  Sep :   11.83   62.00    0.15   31.60   34.64   24.45   14.90  Major importers 4/  :          August      :    8.25   17.72   61.93   63.66   79.29    0.56    8.05       September      :    8.98   17.27   62.37   63.81   79.49    0.56    8.58   China          Aug :    7.51   15.40   38.10   43.25   53.45    0.50    7.06                  Sep :    8.24   15.00   38.50   43.40   53.65    0.50    7.59   EU-27          Aug :    0.51    0.95   12.40   12.10   13.24    0.03    0.59                  Sep :    0.51    0.95   12.40   12.10   13.24    0.03    0.59   Japan          Aug :    0.10    0.23    3.95    2.75    4.11    0.00    0.17                  Sep :    0.10    0.23    3.95    2.75    4.11    0.00    0.17   Mexico         Aug :    0.03    0.16    3.49    3.62    3.65    0.00    0.03                  Sep :    0.03    0.12    3.54    3.62    3.65    0.00    0.03===============================================================================1/ Data based on local marketing years except Argentina and Brazil which areadjusted to an October-September year.  2/ World imports and exports may notbalance due to differences in local marketing years and to time lags betweenreported exports and imports.  Therefore, world supply may not equal worlduse.  3/ Argentina, Brazil and Paraguay.  4/ Japan, China, and EU, Mexico, andSoutheast Asia (includes Indonesia, Malaysia, Philippines, and Thailand).                                 WASDE-474-29                    September 2009                      World Soybean Meal Supply and Use 1/                             (Million Metric Tons)===============================================================================                      :          Supply         :        Use        :                      :=========================:===================: Ending        Region        :         :       :       :         :         : stocks                      :Beginning:Produc-:       : Total   :         :                      :  stocks : tion  :Imports: Domestic: Exports :===============================================================================                      :                      :                      2007/08World 2/              :    6.52  158.52   54.32    157.46    55.78     6.11United States         :    0.31   38.36    0.13     30.15     8.38     0.27Total foreign         :    6.21  120.16   54.19    127.32    47.39     5.85  Major exporters 3/  :    3.82   58.48    0.18     14.93    43.74     3.81   Argentina          :    1.48   27.07    0.00      0.62    26.82     1.11   Brazil             :    1.91   24.89    0.17     12.25    12.14     2.59   India              :    0.43    6.52    0.00      2.06     4.79     0.11  Major importers 4/  :    1.19   44.59   31.05     74.48     1.10     1.24   EU-27              :    0.86   11.72   24.07     35.17     0.41     1.07   China              :    0.00   31.28    0.20     30.85     0.63     0.00                      :                      :                 2008/09 (Estimated)World 2/              :    6.11  152.01   52.01    151.99    52.99     5.15United States         :    0.27   35.79    0.09     27.90     7.98     0.27Total foreign         :    5.85  116.22   51.92    124.09    45.01     4.88  Major exporters 3/  :    3.81   56.28    0.16     15.56    40.92     3.77   Argentina          :    1.11   25.65    0.00      0.63    25.00     1.13   Brazil             :    2.59   24.65    0.16     12.44    12.77     2.18   India              :    0.11    5.99    0.00      2.48     3.15     0.46  Major importers 4/  :    1.24   43.80   29.43     72.46     1.47     0.54   EU-27              :    1.07    9.85   22.15     32.27     0.40     0.39   China              :    0.00   32.48    0.23     31.69     1.02     0.00                      :                      :                 2009/10 (Projected)World 2/              :          August      :    5.10  158.21   54.57    157.81    55.07     5.00       September      :    5.15  158.40   54.56    157.73    55.27     5.11United States         :          August      :    0.27   36.09    0.15     28.12     8.12     0.27       September      :    0.27   36.50    0.15     27.94     8.71     0.27Total foreign         :          August      :    4.83  122.12   54.42    129.68    46.95     4.73       September      :    4.88  121.90   54.41    129.79    46.56     4.84  Major exporters 3/  :          August      :    3.74   58.89    0.16     15.79    43.45     3.55       September      :    3.77   58.64    0.16     15.92    43.01     3.63   Argentina      Aug :    1.13   27.45    0.00      0.68    26.80     1.12                  Sep :    1.13   27.77    0.00      0.68    27.11     1.12   Brazil         Aug :    2.18   24.49    0.15     12.74    11.85     2.23                  Sep :    2.18   24.49    0.15     12.60    12.00     2.22   India          Aug :    0.43    6.94    0.00      2.37     4.80     0.20                  Sep :    0.46    6.38    0.00      2.65     3.90     0.30  Major importers 4/  :          August      :    0.54   45.37   31.00     75.35     1.00     0.56       September      :    0.54   45.49   31.00     75.42     1.05     0.56   EU-27          Aug :    0.39    9.53   23.30     32.54     0.32     0.36                  Sep :    0.39    9.53   23.30     32.54     0.32     0.36   China          Aug :    0.00   34.23    0.20     33.80     0.63     0.00                  Sep :    0.00   34.35    0.20     33.87     0.68     0.00===============================================================================1/ Data based on local marketing years except for Argentina and Brazil whichare adjusted to an October-September year.  2/ World imports and exports maynot balance due to differences in local marketing years and to time lagsbetween reported exports and imports.  Therefore, world supply may not equalworld use.  3/ Argentina, Brazil, and India.  4/ Eastern Europe, China, EU,and Southeast Asia (includes Indonesia, Malaysia, Philippines, and Thailand).                                 WASDE-474-30                    September 2009                      World Soybean Oil Supply and Use 1/                             (Million Metric Tons)===============================================================================                      :          Supply         :        Use        :                      :=========================:===================: Ending        Region        :         :       :       :         :         : stocks                      :Beginning:Produc-:       : Total   :         :                      :  stocks : tion  :Imports: Domestic: Exports :===============================================================================                      :                      :                      2007/08World 2/              :    3.34   37.55   10.48     37.71    10.86     2.81United States         :    1.40    9.34    0.03      8.32     1.32     1.13Total foreign         :    1.94   28.22   10.45     29.39     9.54     1.68  Major exporters 3/  :    0.94   15.45    1.11      8.28     8.51     0.71   Argentina          :    0.38    6.63    0.00      1.00     5.79     0.22   Brazil             :    0.35    6.16    0.07      3.91     2.39     0.28   EU-27              :    0.21    2.67    1.04      3.38     0.33     0.21  Major importers 4/  :    0.46    8.51    3.52     12.05     0.11     0.32   China              :    0.25    7.05    2.73      9.69     0.10     0.23   India              :    0.21    1.46    0.73      2.30     0.01     0.09   Pakistan           :    0.00    0.00    0.06      0.06     0.00     0.01                      :                      :                 2008/09 (Estimated)World 2/              :    2.81   35.90    9.15     35.93     9.34     2.57United States         :    1.13    8.58    0.05      7.35     1.00     1.41Total foreign         :    1.68   27.32    9.10     28.59     8.35     1.16  Major exporters 3/  :    0.71   14.65    0.95      8.46     7.34     0.50   Argentina          :    0.22    6.29    0.00      1.27     5.10     0.15   Brazil             :    0.28    6.10    0.05      4.30     1.91     0.23   EU-27              :    0.21    2.25    0.90      2.90     0.33     0.13  Major importers 4/  :    0.32    8.65    3.32     11.84     0.11     0.35   China              :    0.23    7.31    2.30      9.49     0.10     0.26   India              :    0.09    1.34    1.00      2.33     0.01     0.09   Pakistan           :    0.01    0.00    0.02      0.02     0.00     0.00                      :                      :                 2009/10 (Projected)World 2/              :          August      :    2.65   37.28    9.54     37.26     9.79     2.42       September      :    2.57   37.35    9.40     37.29     9.66     2.36United States         :          August      :    1.42    8.60    0.03      7.48     1.47     1.10       September      :    1.41    8.70    0.03      7.49     1.47     1.18Total foreign         :          August      :    1.23   28.68    9.50     29.77     8.32     1.32       September      :    1.16   28.65    9.37     29.81     8.19     1.18  Major exporters 3/  :          August      :    0.66   14.97    0.85      8.47     7.38     0.63       September      :    0.50   15.06    0.85      8.66     7.25     0.50   Argentina      Aug :    0.20    6.74    0.00      1.35     5.36     0.22                  Sep :    0.15    6.82    0.00      1.43     5.38     0.16   Brazil         Aug :    0.33    6.06    0.05      4.30     1.85     0.29                  Sep :    0.23    6.06    0.05      4.41     1.70     0.23   EU-27          Aug :    0.13    2.18    0.80      2.82     0.17     0.12                  Sep :    0.13    2.18    0.80      2.82     0.17     0.12  Major importers 4/  :          August      :    0.26    9.26    3.27     12.31     0.11     0.37       September      :    0.35    9.17    3.31     12.35     0.11     0.36   China          Aug :    0.17    7.71    2.40     10.01     0.10     0.16                  Sep :    0.26    7.74    2.40     10.04     0.10     0.25   India          Aug :    0.09    1.55    0.85      2.28     0.01     0.21                  Sep :    0.09    1.43    0.89      2.29     0.01     0.11   Pakistan       Aug :    0.00    0.00    0.02      0.02     0.00     0.00                  Sep :    0.00    0.00    0.02      0.02     0.00     0.00===============================================================================1/ Data based on local marketing years except for Argentina and Brazil whichare adjusted to an October-September year.  2/ World imports and exports maynot balance due to differences in local marketing years and to time lagsbetween reported exports and imports.  Therefore, world supply may not equalworld use.  3/ Argentina, Brazil and EU.  4/ India, China and Pakistan.                               WASDE-474-31                    September 2009                 U.S. Quarterly Animal Product Production 1/===============================================================================   Year  :      :      :  Red :       :      :  Total:   Red  :       :       :   and   :      :      : meat :       :      :poultry: meat & :       :       :quarter  : Beef : Pork :  2/  :Broiler:Turkey:    3/ : poultry:  Egg  :  Milk :===============================================================================         :                   Million pounds                    Mil doz  Bil lbs    2008 :    III  :   6908   5632  12618    9457   1568    11173   23791    1875    46.9     IV  :   6382   6098  12561    8865   1582    10576   23137    1907    46.7 Annual  :  26561  23347  50225   36906   6246    43712   93937    7509   190.0         :    2009 :      I  :   6248   5811  12136    8574   1385    10077   22213    1857    47.4     II  :   6602   5488  12165    8937   1420    10487   22652    1867    48.9   III*  :   6645   5635  12354    9150   1440    10720   23074    1875    46.5    IV*  :   6325   6005  12406    8950   1500    10580   22986    1915    45.7 Annual  :Aug Proj :  25875  22824  49003   35510   5745    41753   90756    7514   188.2Sep Proj :  25820  22939  49061   35611   5745    41864   90925    7514   188.4         :    2010 :     I*  :   6040   5685  11800    8700   1415    10235   22035    1870    46.6    II*  :   6530   5400  12002    9050   1460    10625   22627    1885    48.1 Annual  :Aug Proj :  25140  22535  47970   36025   5905    42410   90380    7605   186.5Sep Proj :  25340  22550  48185   36150   5905    42535   90720    7605   186.7===============================================================================* Projection.1/ Commercial production for red meats; federally inspected for poultry meats.2/ Beef, pork, veal and lamb & mutton. 3/ Broilers, turkeys and mature chicken.                     U.S. Quarterly Prices for Animal Products 1/===============================================================================   Year  :  Choice  : Barrows  :          :          :           :            :   and   :  steers  :and gilts : Broilers :  Turkeys :    Eggs   :     Milk   : quarter :     2/   :     3/   :    4/    :     5/   :      6/   :       7/   :===============================================================================         : Dol./cwt   Dol./cwt   Cents/lb.  Cents/lb.  Cents/doz.   Dol./cwt    2008 :    III  :      98.45      57.27       80.6       96.5       114.5        18.63     IV  :      88.22      41.92       79.4       87.3       122.6        16.80 Annual  :      92.27      47.84       79.7       87.5       128.3        18.29         :    2009 :      I  :      80.98      42.11       79.7       73.8       109.7        12.23     II  :      84.53      42.74       81.9       79.1        89.7        11.60   III*  :      82-83      38-39      77-78      83-84       95-96  11.70-11.90    IV*  :      85-89      35-37      76-80      83-87      96-100  12.65-13.15 Annual  :Aug Proj :      84-86      40-41      79-81      80-82       97-99  12.10-12.30Sep Proj :      83-84      39-40      79-80      80-81       97-99  12.05-12.25         :    2010 :     I*  :      84-90      40-44      78-84      71-77     101-109  13.50-14.30    II*  :      88-96      44-48      80-86      77-83      97-105  14.00-15.00 Annual  :Aug Proj :      88-96      44-48      79-86      79-86      99-107  14.65-15.65Sep Proj :      88-95      43-47      79-86      79-86      99-107  14.55-15.55===============================================================================*Projection.1/ Simple average of months. 2/ Nebraska, Direct, 1100-1300 lbs. 3/ NationalBase, Live equiv 51-52% lean. 4/ Wholesale, 12-city average. 5/ 8-12 lbs, hensEastern Region. 6/ Grade A large, New York, volume buyers. 7/ Pricesreceived by farmers for all milk.                                      WASDE-474-32               September 2009                               U.S. Meats Supply and Use===============================================================================                   :         Supply             :        Use                   :-----------------------------------------------------------                   :      :        :     :        :      :      : Disappearance                   :      :   Pro- :     :        :      :      :--------------                   : Beg- :   duc- :     :        :      : End- :      :  Per     Item          :inning:   tion : Im- :  Total :  Ex- : ing  :      :capita                   :stocks:    1/  :ports:  supply: ports:stocks:Total : 2/  3/===============================================================================                   :                      Million pounds 4/BEEF               : 2008              :    630    26663  2538    29831   1887    642  27302   62.8 2009 Proj.    Aug :    642    25977  2834    29453   1719    590  27144   61.8               Sep :    642    25922  2815    29379   1730    590  27059   61.6 2010 Proj.    Aug :    590    25242  2975    28807   1845    460  26502   59.7               Sep :    590    25442  2975    29007   1845    460  26702   60.2                   :PORK               : 2008              :    519    23367   832    24717   4667    635  19415   49.5 2009 Proj.    Aug :    635    22844   800    24279   4183    675  19421   49.0               Sep :    635    22959   801    24395   4160    685  19550   49.4 2010 Proj.    Aug :    675    22555   840    24070   4450    675  18945   47.3               Sep :    685    22570   840    24095   4450    675  18970   47.4                   :TOTAL RED MEAT 5/  : 2008              :   1169    50361  3553    55083   6566   1307  47210  113.6 2009 Proj.    Aug :   1307    49138  3811    54256   5916   1290  47050  112.2               Sep :   1307    49196  3797    54300   5906   1300  47094  112.4 2010 Proj.    Aug :   1290    48105  4004    53399   6311   1158  45930  108.5               Sep :   1300    48320  4004    53624   6311   1158  46155  109.0                   :BROILERS           : 2008              :    719    36511    79    37309   6961    745  29603   83.5 2009 Proj.    Aug :    745    35130    79    35954   6478    660  28816   80.5               Sep :    745    35230    80    36055   6608    660  28787   80.5 2010 Proj.    Aug :    660    35640    80    36380   6300    655  29425   81.4               Sep :    660    35763    80    36503   6300    655  29548   81.7                   :TURKEYS            : 2008              :    261     6165     8     6434    676    396   5361   17.6 2009 Proj.    Aug :    396     5670    12     6078    487    375   5216   17.0               Sep :    396     5670    13     6079    509    375   5195   16.9 2010 Proj.    Aug :    375     5828    12     6215    545    340   5330   17.2               Sep :    375     5828    12     6215    545    340   5330   17.2                   :TOTAL POULTRY  6/  : 2008              :    982    43235    92    44309   7785   1144  35379  102.5 2009 Proj.    Aug :   1144    41297    99    42541   7081   1039  34421   98.8               Sep :   1144    41407   100    42651   7233   1039  34380   98.7 2010 Proj.    Aug :   1039    41947   100    43086   6985    999  35102   99.7               Sep :   1039    42070   100    43209   6985    999  35225  100.0                   :RED MEAT & POULTRY : 2008              :   2151    93596  3646    99392  14352   2451  82589  216.1 2009 Proj.    Aug :   2451    90435  3910    96796  12996   2329  81471  211.0               Sep :   2451    90603  3897    96951  13138   2339  81474  211.0 2010 Proj.    Aug :   2329    90051  4104    96484  13296   2157  81031  208.1               Sep :   2339    90390  4104    96833  13296   2157  81380  209.0===============================================================================1/ Total including farm production for red meats and, for poultry,federally inspected plus non-federally inspected, less condemnations.2/ Pounds, retail-weight basis. 3/ Population source: Dept. of Commerce,Census Bureau. 4/ Carcass weight for red meats and certifiedready-to-cook weight for poultry. 5/ Beef, pork, veal, lamb and mutton.6/ Broilers, turkeys and mature chicken.                                    WASDE-474-33              September 2009                               U.S. Egg Supply and Use===============================================================================                           :       :       :  2009 Projected :  2010 Projected                           :       :       :-----------------:-----------------         Commodity         :  2007 :  2008 :   Aug  :   Sep  :   Aug  :   Sep===============================================================================EGGS                       :                   Million dozen Supply                    :   Beginning stocks        :    12.5    11.1    17.2     17.2     17.0     17.0   Production              :  7587.0  7509.0  7514.0   7514.0   7605.0   7605.0   Imports                 :    13.6    14.6    12.9     12.9     16.0     16.0     Total supply          :  7613.1  7534.7  7544.1   7544.1   7638.0   7638.0                           :  Use                      :   Exports                 :   250.3   206.3   193.1    203.2    200.0    200.0   Hatching use            :  1016.3   994.9   965.0    965.0   1002.0   1002.0   Ending stocks           :    11.1    17.2    17.0     17.0     16.0     16.0   Disappearance           :     Total                 :  6335.4  6316.3  6369.0   6358.9   6420.0   6420.0     Per capita (number)   :   252.0   248.9   248.7    248.3    248.1    248.1===============================================================================                               U.S. Milk Supply and Use===============================================================================                           :       :       :  2009 Projected :  2010 Projected         Commodity         :       :       :-----------------:-----------------                           :  2007 :  2008 :   Aug  :   Sep  :   Aug  :   Sep===============================================================================                           :                   Billion poundsMilk                       : Production                :   185.7   190.0   188.2    188.4    186.5    186.7    Farm use               :     1.2     1.2     1.2      1.2      1.2      1.2                           :Fat Basis Supply           :   Beg. commercial stocks  :     9.5    10.4    10.0     10.0     10.0     10.1   Marketings              :   184.5   188.8   187.0    187.2    185.3    185.5   Imports                 :     4.6     3.9     4.0      4.2      4.1      4.1     Total cml. supply     :   198.6   203.1   201.1    201.5    199.4    199.7                           :Fat Basis Use              :   Commercial Exports      :     5.7     8.7     3.8      4.0      3.8      3.8   Ending commercial stks  :    10.4    10.0    10.0     10.1      8.7      8.7   CCC net removals 1/     :     0.0     0.0     0.5      0.4      0.0      0.0   Commercial use 2/       :   182.6   184.3   186.8    187.0    186.9    187.1                           :Skim-solids Basis Supply   :   Beg. commercial stocks  :     9.1     9.9    10.9     10.9     10.6     10.6   Marketings              :   184.5   188.8   187.0    187.2    185.3    185.5   Imports                 :     4.4     3.7     3.8      3.8      3.9      3.9     Total cml. supply     :   198.0   202.5   201.7    201.9    199.9    200.1                           :Skim-solids Basis Use      :   Commercial Exports      :    24.5    26.6    20.0     20.3     21.2     21.2   Ending commercial stks  :     9.9    10.9    10.6     10.6      9.4      9.4   CCC net removals 1/     :     0.0     1.3     5.3      4.6     -0.5     -0.4   Commercial use 2/       :   163.6   163.7   165.8    166.4    169.8    169.8                           :                           :                   Million poundsCCC product net removals 1/:    Butter                 :       0       0       8        8        5        5    Cheese                 :       0       0      22       17      -15      -10    Nonfat dry milk        :       0     111     439      379      -32      -22    Dry whole milk         :       0       0       0        0        0        0===============================================================================Note:  Totals may not add due to rounding.1/ Includes products exported under the Dairy Export Incentive Program.2/ Domestic commercial use only.                                WASDE-474-34              September 2009                            U.S. Dairy Prices===========================================================================                      :        :       : 2009 Projected  : 2010 Projected                      :        :       :-----------------:-----------------      Commodity       :  2007  :  2008 :   Aug  :   Sep  :   Aug  :   Sep===========================================================================                      :                    Dollars per pound                      :Product Prices 1/     : Cheese               :   1.7380  1.8954 1.235-   1.235-   1.510-   1.510-                      :                    1.255    1.255    1.610    1.610                      : Butter               :   1.3441  1.4356 1.180-   1.165-   1.435-   1.420-                      :                    1.220    1.205    1.565    1.550                      : Nonfat dry milk      :   1.7083  1.2256 0.850-   0.850-   0.945-   0.935-                      :                    0.870    0.870    1.015    1.005                      : Dry whey             :   0.6004  0.2504 0.240-   0.235-   0.280-   0.280-                      :                    0.260    0.255    0.310    0.310                      :                      :                    Dollars per cwtMilk Prices 2/        : Class III            :    18.04   17.44 10.70-   10.65-   13.75-   13.75-                      :                    10.90    10.85    14.75    14.75                      : Class IV             :    18.36   14.65 10.15-   10.10-   12.10-   11.95-                      :                    10.45    10.40    13.20    13.05                      : All milk 3/          :    19.13   18.29 12.10-   12.05-   14.65-   14.55-                      :                    12.30    12.25    15.65    15.55                      :===========================================================================1/ Simple average of monthly prices calculated by AMS from NASS weekly averagedairy product prices for class price computations.  Details may be found athttp://www.ams.usda.gov/dyfmos/mib/fedordprc_dscrp.htm.  2/ Annual Class IIIand Class IV prices are the simple averages of monthly minimum Federal ordermilk prices paid by regulated plants for milk used in the respective classes.All milk price is the simple average of monthly prices received by farmers formilk at average test.  3/ Does not reflect any deductions from producers asauthorized by legislation.                                  WASDE-474-35                    September 2009 Note: Tables on pages 35-37 present a 28-year record of the differences betweenthe September projection and the final estimate. Using world wheat productionas an example, changes between the September projection and the final estimate have averaged 9.2 million tons (1.7%) ranging from -30.7 to 13.1 million tons. The September projection has been below the estimate 17 times and above 11times.                             Reliability of September Projections===============================================================================                 :Differences between proj. & final estimate,1981/82-2008/09 1/  Commodity and  :=============================================================      region     :  Avg. :  Avg. :    Difference    : Below final : Above final===============================================================================WHEAT            :Percent      Million metric tons            Number of years   Production    :       World     :   1.7     9.2     -30.7    13.1             17          11       U.S.      :   1.4     0.9      -1.4     2.5             11          17       Foreign   :   1.9     9.1     -30.9    12.0             18          10   Exports       :       World     :   4.6     5.3     -14.5     6.2             20           8       U.S.      :   8.4     2.7     -10.0     7.2             13          15       Foreign   :   5.5     4.6     -14.1     4.0             19           9   Domestic use  :       World     :   1.4     7.6     -23.4    20.2             17          11       U.S.      :   5.6     1.7      -3.7     3.6             11          17       Foreign   :   1.4     7.2     -21.0    19.0             20           8   Ending stocks :       World     :   7.4    10.0     -29.6    14.3             21           7       U.S.      :  13.5     2.9      -9.1    12.4             14          14       Foreign   :   8.1     9.0     -27.1     7.4             20           8                 :COARSE GRAINS 2/ :   Production    :       World     :   1.8    15.7     -50.6    24.9             22           6       U.S.      :   3.5     8.5     -21.5    26.0             19           9       Foreign   :   2.0    12.4     -29.6    13.9             20           8   Exports       :       World     :   5.4     5.7     -11.5    16.5             19           9       U.S.      :  13.3     7.1     -19.0    14.5             12          16       Foreign   :  11.8     6.1     -15.3    12.7             17          11   Domestic use  :       World     :   1.2    10.5     -29.1    20.8             14          14       U.S.      :   3.4     6.6     -15.8    13.2             18          10       Foreign   :   1.4     9.0     -20.2    22.0             18          10   Ending stocks :       World     :  11.8    17.2     -43.2    24.6             22           6       U.S.      :  18.4     9.2     -32.2    13.5             13          15       Foreign   :  13.6    11.9     -25.8    15.2             24           4                 :RICE, milled     :   Production    :       World     :   1.9     6.9     -24.1     3.4             23           5       U.S.      :   3.9     0.2      -0.5     0.5             16          11       Foreign   :   2.0     6.9     -24.4     3.6             23           5   Exports       :       World     :   7.7     1.5      -6.7     0.8             19           9       U.S.      :   8.1     0.2      -0.9     0.9             14          12       Foreign   :   8.5     1.5      -6.7     0.8             19           9   Domestic use  :       World     :   1.3     4.6     -22.7     3.0             22           6       U.S.      :   5.3     0.2      -0.4     0.4             13          14       Foreign   :   1.4     4.6     -23.1     3.2             22           6   Ending stocks :       World     :  10.8     5.0     -14.9     5.2             23           5       U.S.      :  17.8     0.2      -0.9     0.7             16          12       Foreign   :  11.5     5.1     -14.6     6.1             23           5===============================================================================1/ Footnotes at end of table.                                        CONTINUED                                  WASDE-474-36                    September 2009                      Reliability of September Projections (Continued)===============================================================================                 :Differences between proj. & final estimate,1981/82-2008/09 1/  Commodity and  :=============================================================      region     :  Avg. :  Avg. :    Difference    : Below final : Above final===============================================================================SOYBEANS         :Percent      Million metric tons            Number of years   Production    :       World     :   3.7     5.6     -14.2    27.4             17          11       U.S.      :   4.6     3.0      -8.3     5.1             16          12       Foreign   :   6.6     5.7     -11.6    29.1             14          14   Exports       :       World     :   6.0     2.5      -9.4     9.5             18          10       U.S.      :  10.2     2.4      -7.2     5.5             16          12       Foreign   :  15.7     2.4      -9.4    10.5             11          17   Domestic use  :       World     :   3.2     4.6      -9.3    15.1             17          11       U.S.      :   3.9     1.6      -3.8     4.0             18          10       Foreign   :   4.1     4.3      -8.6    11.2             18          10   Ending stocks :       World     :  14.9     3.9     -12.2    10.2             17          11       U.S.      :  28.6     2.1      -6.6     4.8              9          19       Foreign   :  18.3     3.6     -12.0     9.6             18           9                 :COTTON           :        Million 480-pound bales   Production    :       World     :   3.4     3.1     -12.6     9.5             18          10       U.S.      :   5.3     0.9      -2.3     2.4             16          11       Foreign   :   3.7     2.8     -11.2     9.8             18          10   Exports       :       World     :   6.4     1.9      -6.7     9.1             15          13       U.S.      :  15.1     1.1      -2.7     3.2             15          13       Foreign   :   8.0     1.5      -3.9     7.8             13          15   Mill use      :       World     :   2.8     2.6      -7.2    13.1             12          16       U.S.      :   6.3     0.5      -1.1     1.3             14          12       Foreign   :   2.9     2.5      -7.1    12.3             13          14   Ending stocks :       World     :  12.6     5.0     -12.7    12.5             20           8       U.S.      :  28.5     1.4      -5.1     2.5             13          15       Foreign   :  12.5     4.3     -13.2    10.9             20           8===============================================================================1/ Final estimate for 1981/82-2007/08 is defined as the first November estimatefollowing the marketing year, and for 2008/09 last month's estimate.  2/Includes corn, sorghum, barley, oats, rye, millet, and mixed grain.                                   WASDE-474-37                    September 2009                    Reliability of United States September Projections 1/===============================================================================                 :Differences between proj. & final estimate,1981/82-2008/09 2/  Commodity and  :=============================================================      region     :  Avg. :  Avg. :    Difference    : Below final : Above final===============================================================================CORN             :Percent        Million bushels              Number of years   Production    :   3.8     318      -846     885             19           9   Exports       :  13.9     256      -725     521             11          17   Domestic use  :   3.8     258      -553     475             18          10   Ending stocks :  21.2     341     -1321     490             13          15                 :SORGHUM          :   Production    :   4.7      28       -69      81             13          14   Exports       :  15.5      36      -115      97             16          12   Domestic use  :   9.5      37      -114      78             14          14   Ending stocks :  35.3      40      -155     112              9          19                 :BARLEY           :   Production    :   3.6      12       -29      36             11          17   Exports       :  30.5      16       -82      38             13          12   Domestic use  :   8.0      26       -47      72             12          14   Ending stocks :  13.6      21       -61      70             13          15                 :OATS             :   Production    :   7.1      13       -19      44              4          23   Exports       :  61.6       1        -5       8              9          10   Domestic use  :   4.4      14       -39      30              9          19   Ending stocks :  14.4      16       -40      47             14          14                 :                 :           Thousand short tonsSOYBEAN MEAL     :   Production    :   3.6    1180     -2846    2869             17          11   Exports       :  11.5     781     -2350    1900             14          14   Domestic use  :   3.2     807     -1550    3200             17          11   Ending stocks :  27.5      65      -179     368             11          13                 :                 :              Million poundsSOYBEAN OIL      :   Production    :   3.6     556     -1473    1395             15          13   Exports       :  25.4     417     -1675    1219             14          14   Domestic use  :   3.1     447      -985    2150             18          10   Ending stocks :  27.0     465     -1357    1143             14          14-------------------------------------------------------------------------------                 :ANIMAL PROD. 3/  :              Million pounds   Beef          :   3.6     907      -727    2486             18           8   Pork          :   2.3     403     -1315    1272             15          11   Broilers      :   1.9     480     -1337    1063             17           9   Turkeys       :   2.4     113      -444     371             18           8                 :                 :              Million dozen   Eggs          :   1.4      87      -136     188             17           8                 :                 :              Billion pounds   Milk          :   1.3     2.1      -7.2     6.8             16          10===============================================================================1/ See pages 35 and 36 for record of reliability for U.S. wheat, rice,soybeans, and cotton. 2/ Final estimate for 1981/82-2007/08 is defined as thefirst November estimate following the marketing year, and for 2008/09 lastmonth's estimate. 3/ Calendar years 1983 thru 2008 for meats, eggs, and milk.Final for animal products is defined as latest annual production estimatepublished by NASS.                       ----- End of File -----

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Labor Day Trading Schedule for US Markets

September 1, 2009 03:23 by futsblog

Labor Day Trading Schedule
* All times listed in Central Time

Friday, September 4
CME Group
Floor: Regular Close

NYMEX
Floor: Regular Close

GLOBEX
3:15 pm Close: Foreign Exchange, CBOT Financial, CME Interest Rate and NYMEX/COMEX/DME products
* All other products regular close

ICE
Regular Close

EUREX
Regular Close

OneChicago
Regular Close

NYSE
Regular Close


Sunday, September 6
CME Group
Floor: Closed

NYMEX
Floor: Closed

GLOBEX
Regular evening open *(excluding: CME Commodity, GSCI, Weather, CBOT/KCBT/MGEX Grains, CBOT Ethanol, TRAKRS, Dow AIG ER and ETF products)

ICE
Regular evening open *(excluding: Soft products)

EUREX
Closed: US Equity Derivatives

OneChicago
Closed

NYSE
Closed


Monday, September 7
CME Group
Floor: Closed

NYMEX
Floor: Closed

GLOBEX
10:30 am Close: Equity products
12:00 pm Close: Foreign Exchange, CBOT Financial, CME Interest Rate, Real Estate and Forestry products
12:15 pm Close: NYMEX/COMEX/DME products on Globex
* Regular evening open for trading date of Tuesday, September 8 for all GLOBEX products

ICE
Closed: Soft and open outcry products
* All other products regular close

EUREX
Closed: US Equity Derivatives

OneChicago
Closed

NYSE
Closed


*All times listed in Central Time
The above calendar is compiled from sources believed to be reliable. PFGBEST assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The closing times for certain contracts may have been rescheduled.


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Independence Day Trading Calendar

June 30, 2009 00:37 by futsblog

Independence Day Trading Schedule
* All times listed in Central Time


Thursday, July 2

CME Group
Floor: Regular Close

GLOBEX
Regular Close (Includes NYMEX/COMEX contracts traded on Globex)
* Regular evening open
(Exceptions: Commodity, GSCI and Weather products will remain closed until 5:00 pm on Sunday / Grain products will remain closed until 6:00 pm on Sunday / TRAKRS, Dow AIG ER and ETF products will remain closed until their regular scheduled open on Monday)

NYMEX/COMEX
Floor: Regular Close

ICE
3:15 pm Close: Financial and Index products
* All other products regular close

EUREX
Regular Close

OneChicago
Regular Close

NYSE
Regular Close

Friday, July 3

CME Group
Floor: Closed

GLOBEX
Closed
10:30 am Close: Equity products
12:00 pm Close: Interest Rate, Foreign Exchange, Real Estate, Forestry and Financial products
12:30 pm Close: NYMEX/COMEX/DME products
* Regular evening open on Sunday, July 5

NYMEX/COMEX
Floor: Closed

ICE
10:30 am Close: Index Products
12:00 am Close: Finacial Products
Closed: Softs and Open Outcry Products

EUREX
Closed: US and Weather Derivatives

OneChicago
Closed

NYSE
Closed

*All times listed in Central Time

The above calendar is compiled from sources believed to be reliable. PFGBEST assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The closing times for certain contracts may have been rescheduled.



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Crops Stressed while temperatures remain cool on average

June 16, 2009 04:15 by futsblog

Crops under stress as temperatures fall

This article was found at the UK telegraph website and I thought it was at the very least thought provoking.

For the second time in little over a year, it looks as though the world may be heading for a serious food crisis, thanks to our old friend "climate change". In many parts of the world recently the weather has not been too brilliant for farmers. After a fearsomely cold winter, June brought heavy snowfall across large parts of western Canada and the northern states of the American Midwest. In Manitoba last week, it was -4ºC. North Dakota had its first June snow for 60 years.

There was midsummer snow not just in Norway and the Cairngorms, but even in Saudi Arabia. At least in the southern hemisphere it is winter, but snowfalls in New Zealand and Australia have been abnormal. There have been frosts in Brazil, elsewhere in South America they have had prolonged droughts, while in China they have had to cope with abnormal rain and freak hailstorms, which in one province killed 20 people.

None of this has given much cheer to farmers. In Canada and northern America summer planting of corn and soybeans has been way behind schedule, with the prospect of reduced yields and lower quality. Grain stocks are predicted to be down 15 per cent next year. US reserves of soya – used in animal feed and in many processed foods – are expected to fall to a 32-year low.

In China, the world's largest wheat grower, they have been battling against the atrocious weather to bring in the harvest. (In one province they even fired chemical shells into the clouds to turn freezing hailstones into rain.) In north-west China drought has devastated crops with a plague of pests and blight. In countries such as Argentina and Brazil droughts have caused such havoc that a veteran US grain expert said last week: "In 43 years I've never seen anything like the decline we're looking at in South America."

In Europe, the weather has been a factor in well-below average predicted crop yields in eastern Europe and Ukraine. In Britain this year's oilseed rape crop is likely to be 30 per cent below its 2008 level. And although it may be too early to predict a repeat of last year's food shortage, which provoked riots from west Africa to Egypt and Yemen, it seems possible that world food stocks may next year again be under severe strain, threatening to repeat the steep rises which, in 2008, saw prices double what they had been two years before.

There are obviously various reasons for this concern as to whether the world can continue to feed itself, but one of them is undoubtedly the downturn in world temperatures, which has brought more cold and snow since 2007 than we have known for decades.

Three factors are vital to crops: the light and warmth of the sun, adequate rainfall and the carbon dioxide they need for photosynthesis. As we are constantly reminded, we still have plenty of that nasty, polluting CO2, which the politicians are so keen to get rid of. But there is not much they can do about the sunshine or the rainfall.

It is now more than 200 years since the great astronomer William Herschel observed a correlation between wheat prices and sunspots. When the latter were few in number, he noted, the climate turned colder and drier, crop yields fell and wheat prices rose. In the past two years, sunspot activity has dropped to its lowest point for a century. One of our biggest worries is that our politicians are so fixated on the idea that CO2 is causing global warming that most of them haven't noticed that the problem may be that the world is not warming but cooling, with all the implications that has for whether we get enough to eat.

It is appropriate that another contributory factor to the world's food shortage should be the millions of acres of farmland now being switched from food crops to biofuels, to stop the world warming, Last year even the experts of the European Commission admitted that, to meet the EU's biofuel targets, we will eventually need almost all the food-growing land in Europe. But that didn't persuade them to change their policy. They would rather we starved than did that. And the EU, we must always remember, is now our government – the one most of us didn't vote for last week.


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PFGBEST Acquires Alaron Customer Assets

May 21, 2009 02:21 by futsblog

PFGBEST Acquires Alaron Customer AssetsCHICAGO, May 21, 2009 – PFGBEST® today announced it is purchasing the customer assets of Alaron. It will be formed into a new division called ATD, a division of PFGBEST.Both companies have been leaders in the futures industry for 20 years, through the evolution of online trading that helped level the playing field for retail futures market participants even as institutional use of futures, options and forex for risk management continued to grow exponentially.PFGBEST will transfer Alaron customer accounts as seamlessly as possible. Financial details of the transaction were not disclosed.“There are so many synergies, and we believe there will be significant benefits to Alaron customers,” said PFGBEST President and Chief Operating Officer Russ Wasendorf, Jr.  He said Alaron and PFGBEST share a timeline as powerhouses in retail futures trading. “Alaron was founded in 1989 and PFGBEST (formerly PFG, Inc.) was incorporated in 1990. This is a marriage of two family businesses that stake their reputation on providing personal, professional and courteous customer service, believe in the need for ongoing education, and offer research and innovation in trading products, systems, and multi-asset-class and alternative investment choices for individual and institutional investors.”Steven Greenberg, CEO, President and Chairman of the Alaron Board of Directors, stated that there are compelling reasons why futures and options customers, brokers, and prospects will see multiple benefits from the joining of the two companies.  “Both Alaron and PFGBEST have been advocating on behalf of retail futures market participants for 20 years. The ability to leverage PFGBEST proprietary online trading systems, free to all customers, is an important win:win for Alaron brokers and customers. Now, multiple electronic trading platforms spanning futures, forex, and options – coupled with a unique suite of managed accounts and managed forex products – enhance opportunities for portfolio diversification for our combined client base.” About PFGBEST:

PFGBEST is the second-largest non-clearing U.S. Futures Commission Merchant, with customers, affiliates and brokerage offices in more than 80 countries. It was incorporated as an FCM in 1990 under the name PFG, Inc.  It offers a range of trading and investor products and services for retail investors as well as for commercial and institutional clients. The company is a leader in sustainable investing through diversified products including managed funds, futures, forex, options, full-service and discount brokerage, trader education, research, and direct online futures trading through its BESTDirect™ platform, and numerous other platforms and applications.  Please visit www.pfgbestdirect.net

 About Alaron:Alaron, founded in 1989 in Chicago, provides electronic and pit-based futures trading and asset management services to institutions and retail clients on five continents. Alaron built upon its core business by integrating global trading systems and analysis techniques used by professional traders. Its suite of products and services spans execution and account management tools, and important proprietary research.  Alaron is synonymous with customer service, investor education, and electronic innovation, including analytics software.
Media contact: Patricia Campbell, 312-775-3411, pcampbell@pfgbest.com

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Memorial Day Trading Schedule

May 19, 2009 09:07 by futsblog

PFGBEST® Customer Notice
Memorial Day Trading Schedule
* All times listed in Central Time

Friday, May 22
CME Group
Floor:
12:00 pm Close: Foreign Exchange and Interest Rate products
* All other products regular close

GLOBEX
3:15 pm Close: Foreign Exchange, CBOT Financial, CME Interest Rate, GCSI, NYMEX/COMEX/DME products on Globex, GCSI and Forestry products
* All other products regular close

NYMEX
Floor:
Regular Close

NYMEX Electronic Trading
Regular Close

ICE
12:00 pm Close: Financial Products (open outcry)
3:15 pm Close: Financial and Index products
Regular Close: Soft products

EUREX
Regular Close

OneChicago
Regular Close

NYSE
Regular Close


Sunday, May 24
CME Group
Floor:
Closed

GLOBEX
* Regular evening open (excluding: CME Commodity, GSCI, Weather, CBOT/KCBT/MGEX Grains, CBOT Ethanol, TRAKRS, Dow AIG ER and ETF products)

NYMEX
Floor:
Closed

NYMEX Electronic Trading
* Regular evening open

ICE
* Regular evening open (excluding: Soft products)

EUREX
Regular Close

OneChicago
Closed

NYSE
Closed


Monday, May 25
CME Group
Floor:
Closed

GLOBEX
10:30 am Close: Equity products
12:00 pm Close: Foreign Exchange, CBOT Financial, CME Interest Rate, Real Estate and Forestry products
12:15 pm Close: NYMEX/COMEX/DME products on Globex
* Regular evening open for trading date of Tuesday, May 26 for all GLOBEX products

NYMEX
Floor:
Closed

NYMEX Electronic Trading
Regular Close

ICE
Closed: Soft and open outcry products
10:30 am Close: Index products
12:00 pm Close: Finacial products

EUREX
Closed: US Equity Derivatives

OneChicago
Closed

NYSE
Closed


*All times listed in Central Time
The above calendar is compiled from sources believed to be reliable. PFGBEST assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The closing times for certain contracts may have been rescheduled.

 


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