WASDE Sept 2019 - World Soybean Supply and Use

WASDE Sept 2019 - World Soybean Supply and Use

================================================================================
WASDE - 592 - 28 September 2019

World Soybean Supply and Use 1/
(Million Metric Tons)
================================================================================
Supply Use
Region Beginning Produc- Domestic Ending
Stocks tion Imports Crush Total Exports Stocks
================================================================================

2017/18
World 2/ 95.62 341.62 153.00 295.21 338.35 153.08 98.79
World Less China 75.50 326.33 58.90 205.21 232.05 152.95 75.73
United States 8.21 120.07 0.59 55.93 58.87 58.07 11.92
Total Foreign 87.41 221.55 152.40 239.29 279.48 95.01 86.87
Major Exporters 3/ 60.64 171.43 4.89 85.39 94.17 85.57 57.23
Argentina 27.00 37.80 4.70 36.93 43.63 2.11 23.75
Brazil 33.21 122.00 0.18 44.52 46.51 76.18 32.70
Paraguay 0.44 10.30 0.01 3.87 3.94 6.03 0.77
Major Importers 4/ 22.79 19.19 124.51 116.06 140.35 0.43 25.71
China 20.12 15.28 94.10 90.00 106.30 0.13 23.06
European Union 1.15 2.54 14.58 14.95 16.60 0.28 1.40
Southeast Asia 1.15 0.69 7.71 3.46 8.64 0.02 0.88
Mexico 0.15 0.43 4.87 5.25 5.29 0.00 0.17

2018/19 Est.
World 2/ 98.79 362.07 146.60 299.64 346.49 148.56 112.41
World Less China 75.73 346.17 63.60 214.64 244.39 148.44 92.67
United States 11.92 123.66 0.46 56.74 61.20 47.49 27.36
Total Foreign 86.87 238.41 146.13 242.90 285.29 101.07 85.05
Major Exporters 3/ 57.23 184.13 6.51 88.43 98.06 92.05 57.76
Argentina 23.75 55.30 6.35 41.25 48.15 7.90 29.35
Brazil 32.70 117.00 0.15 43.20 45.85 75.80 28.20
Paraguay 0.77 9.00 0.01 3.90 3.98 5.60 0.20
Major Importers 4/ 25.71 19.77 115.82 113.40 138.69 0.32 22.29
China 23.06 15.90 83.00 85.00 102.10 0.12 19.74
European Union 1.40 2.66 15.20 16.30 17.96 0.17 1.14
Southeast Asia 0.88 0.66 9.09 4.20 9.56 0.04 1.03
Mexico 0.17 0.34 5.23 5.50 5.54 0.00 0.20

2019/20 Proj.
World 2/
Aug 114.53 341.83 148.87 307.08 354.32 149.17 101.74
Sep 112.41 341.39 148.20 306.23 353.41 149.39 99.19
World Less China
Aug 94.33 324.83 63.87 222.08 251.62 149.05 82.37
Sep 92.67 324.29 63.20 221.23 250.71 149.27 80.17
United States
Aug 29.13 100.16 0.54 57.56 60.98 48.31 20.54
Sep 27.36 98.87 0.54 57.56 61.04 48.31 17.43
Total Foreign
Aug 85.40 241.68 148.32 249.52 293.34 100.87 81.20
Sep 85.05 242.52 147.65 248.67 292.37 101.09 81.76
Major Exporters 3/
Aug 57.81 188.40 4.11 92.78 102.76 92.83 54.73
Sep 57.76 188.40 4.11 92.78 102.76 92.83 54.68
Argentina
Aug 30.45 53.00 3.90 45.00 52.15 8.00 27.20
Sep 29.35 53.00 3.90 45.00 52.15 8.00 26.10
Brazil
Aug 27.15 123.00 0.20 43.75 46.50 76.50 27.35
Sep 28.20 123.00 0.20 43.75 46.50 76.50 28.40
Paraguay
Aug 0.20 10.20 0.01 3.95 4.03 6.20 0.18
Sep 0.20 10.20 0.01 3.95 4.03 6.20 0.18
Major Importers 4/
Aug 22.94 20.94 119.14 113.91 140.06 0.39 22.57
Sep 22.29 20.99 119.14 113.81 139.96 0.39 22.07
China
Aug 20.20 17.00 85.00 85.00 102.70 0.13 19.37
Sep 19.74 17.10 85.00 85.00 102.70 0.13 19.02
European Union
Aug 1.34 2.65 15.10 16.00 17.66 0.23 1.20
Sep 1.14 2.60 15.10 15.90 17.56 0.23 1.05
Southeast Asia
Aug 1.03 0.64 9.89 4.53 10.14 0.04 1.37
Sep 1.03 0.64 9.89 4.53 10.14 0.04 1.37
Mexico
Aug 0.20 0.40 5.80 5.95 5.99 0.00 0.41
Sep 0.20 0.40 5.80 5.95 5.99 0.00 0.41
================================================================================