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United States Department of Agriculture Foreign Agricultural Service Approved by the World Agricultural Outlook Board/USDA January 2015 Exports Loom Large in U.S. Soybean Market Traditionally, domestic crush has been the primary component of U.S. soybean disappearance. A decade ago, nearly twice as many soybeans were crushed as were exported. This year is radically different, with exports essentially matching the amount crushed. Key factors in the declining share of crush are rising soybean production and export demand. If exports of soybeans as meal are factored into the equation, more than one of every two soybeans produced enters the export channel. Accordingly, the domestic soybean market is highly dependent upon overseas markets and influenced by circumstances in China and South America. This contrasts to the U.S. corn market where exports, including DDGS, are forecast to account for less than 20 percent of total supply. For an email subscription, click here to register: https://public.govdelivery.com/accounts/USDAFAS/subscriber/new

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Page 1: Exports Loom Large in U.S. Soybean Market · 2018-09-13 · Exports Loom Large in U.S. Soybean Market ... A rebalancing of consumption patterns across the oilseed complex along with

United States Department of Agriculture

Foreign Agricultural Service

Approved by the World Agricultural Outlook Board/USDA

January 2015

Exports Loom Large in U.S. Soybean Market

Traditionally, domestic crush has been the primary component of U.S. soybean disappearance. A decade ago, nearly twice as many soybeans were crushed as were exported. This year is radically different, with exports essentially matching the amount crushed. Key factors in the declining share of crush are rising soybean production and export demand.

If exports of soybeans as meal are factored into the equation, more than one of every two soybeans produced enters the export channel. Accordingly, the domestic soybean market is highly dependent upon overseas markets and influenced by circumstances in China and South America. This contrasts to the U.S. corn market where exports, including DDGS, are forecast to account for less than 20 percent of total supply.

For an email subscription, click here to register: https://public.govdelivery.com/accounts/USDAFAS/subscriber/new

Page 2: Exports Loom Large in U.S. Soybean Market · 2018-09-13 · Exports Loom Large in U.S. Soybean Market ... A rebalancing of consumption patterns across the oilseed complex along with

OVERVIEW

Global soybean production is higher as larger crops in the United States, Brazil, and Bolivia more than offset a smaller crop in India. Soybean trade is up with increased U.S. exports. The U.S. season-average farm price is raised for soybeans, while lowered for soybean oil.

SOYBEAN PRICES

U.S. export bids, FOB Gulf, in December averaged $419 per ton, down $14 from last month.

As of the week ending January 1, 2014/15 U.S. soybean commitments (outstanding sales plus accumulated exports) to China totaled 27.0 million tons compared to 26.1 million a year ago. Total commitments to the world are 43.2 million tons, compared to 40.8 million for the same period last year.

2014/15 TRADE OUTLOOK

• United States soybean exports are up 273,000 tons to 48.2 million on strong sales andcommitments to date.

• Brazil soybean oil exports are down 100,000 tons to 1.2 million as limited supplies are divertedto meet the domestic biodiesel mandate.

• Canada rapeseed exports are up 200,000 tons to 8.5 million on growing demand.• China soybean oil imports are down 100,000 tons to 1.0 million on slow shipments to date.• EU: A rebalancing of consumption patterns across the oilseed complex along with recent trade

analysis resulted in the following changes.o Palm kernel meal imports are down 200,000 tons to 2.4 million.o Rapeseed imports are up 540,000 tons to 2.9 million.o Rapeseed meal imports are up 140,000 tons to 440,000.o Soybean meal imports are down 500,000 tons to 19.3 million, while soybean meal exports

are also down 160,000 tons to 390,000.o Palm oil imports are up 150,000 tons to 7.0 million.

• Indiao Rapeseed meal exports are up 100,000 tons to 1.1 million on strong early-season sales.o Soybean meal exports are down 300,000 tons to 2.6 million on lower crush and rising

domestic demand.o Soybean production and stocks were revised for 2008/09 to 2014/15.

• Indonesia soybean imports are up 100,000 tons to 2.4 million on increased food use.• New Zealand palm kernel meal imports are up 300,000 tons to 2.1 million on trade analysis.• Turkey soybean imports are up 100,000 tons to 1.6 million as shipments remain strong.

January 2015

Page 3: Exports Loom Large in U.S. Soybean Market · 2018-09-13 · Exports Loom Large in U.S. Soybean Market ... A rebalancing of consumption patterns across the oilseed complex along with

Questions may be directed to: Bill George (202) 720-6234 [email protected] Rachel Trego (202) 720-1073 [email protected] To download the tables in the publication, go to Production, Supply and Distribution Database (PSD Online): (http://apps.fas.usda.gov/psdonline/psdHome.aspx), scroll down to Reports, and click the plus sign [+] next to Oilseeds. The Foreign Agricultural Service (FAS) updates its production, supply and distribution (PSD) database for cotton, oilseeds, and grains at 12:00 p.m. on the day the World Agricultural Supply and Demand Estimates (WASDE) report is released. This circular is released by 12:15 p.m. FAS Reports and Databases: Current World Markets and Trade and World Agricultural Production Reports:

http://apps.fas.usda.gov/psdonline/psdDataPublications.aspx Archives World Markets and Trade and World Agricultural Production Reports:

http://usda.mannlib.cornell.edu/MannUsda/viewTaxonomy.do?taxonomyID=7 Production, Supply and Distribution Database (PSD Online): http://apps.fas.usda.gov/psdonline/psdHome.aspx Global Agricultural Trade System (U.S. Exports and Imports):

http://apps.fas.usda.gov/gats/default.aspx Export Sales Report:

http://apps.fas.usda.gov/esrquery/ Global Agricultural Information Network (Agricultural Attaché Reports):

http://gain.fas.usda.gov/Pages/Default.aspx Other USDA Reports: World Agricultural Supply and Demand Estimates (WASDE):

http://www.usda.gov/oce/commodity/wasde/ Economic Research Service:

http://www.ers.usda.gov/topics/crops National Agricultural Statistics Service:

http://www.nass.usda.gov/Publications/

January 2015

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

January 2015

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

Million Metric Tons

2010/11 2011/12 2012/13 2013/14

Dec

2014/15

Jan

2014/15

none

Production none

5.89 Oilseed, Copra 5.56 5.80 5.58 5.53 5.53

44.42 Oilseed, Cottonseed 48.25 46.50 45.35 45.02 44.88

12.92 Oilseed, Palm Kernel 13.77 14.83 15.67 16.57 16.57

39.82 Oilseed, Peanut 38.33 40.12 39.84 39.02 39.13

60.56 Oilseed, Rapeseed 61.57 63.76 71.15 71.87 71.94

264.25 Oilseed, Soybean 240.49 268.77 283.74 312.81 314.37

33.07 Oilseed, Sunflowerseed 39.68 35.97 42.91 39.91 39.95

460.92 Total 447.66 475.74 504.22 530.72 532.37

none

Imports none

0.14 Oilseed, Copra 0.08 0.04 0.06 0.09 0.09

0.85 Oilseed, Cottonseed 1.12 1.07 0.98 0.76 0.76

0.01 Oilseed, Palm Kernel 0.03 0.05 0.06 0.03 0.03

2.30 Oilseed, Peanut 2.31 2.25 2.21 2.36 2.31

10.10 Oilseed, Rapeseed 13.18 12.66 14.89 13.19 13.62

88.76 Oilseed, Soybean 93.45 95.89 110.51 112.77 112.99

1.57 Oilseed, Sunflowerseed 1.64 1.31 1.62 1.90 1.90

103.72 Total 111.82 113.27 130.34 131.09 131.69

none

Exports none

0.11 Oilseed, Copra 0.11 0.08 0.08 0.09 0.09

1.02 Oilseed, Cottonseed 1.15 0.95 0.90 0.69 0.67

0.02 Oilseed, Palm Kernel 0.04 0.05 0.06 0.04 0.04

2.88 Oilseed, Peanut 2.74 2.64 2.86 2.54 2.56

10.87 Oilseed, Rapeseed 12.92 12.45 15.11 13.65 13.76

91.70 Oilseed, Soybean 92.16 100.53 112.83 116.22 116.49

1.78 Oilseed, Sunflowerseed 1.92 1.44 2.03 2.11 2.11

108.36 Total 111.03 118.15 133.86 135.34 135.72

none

Crush none

5.95 Oilseed, Copra 5.50 5.88 5.55 5.51 5.51

32.71 Oilseed, Cottonseed 34.45 34.56 34.30 34.62 34.40

12.78 Oilseed, Palm Kernel 13.70 14.63 15.53 16.40 16.40

16.58 Oilseed, Peanut 16.58 17.26 17.50 17.44 17.44

57.91 Oilseed, Rapeseed 60.57 62.42 66.42 66.92 67.85

221.31 Oilseed, Soybean 228.33 230.19 240.32 251.87 252.53

29.38 Oilseed, Sunflowerseed 35.71 31.97 38.12 36.93 36.90

376.61 Total 394.83 396.90 417.73 429.68 431.03

none

Ending Stocks none

0.29 Oilseed, Copra 0.29 0.14 0.11 0.10 0.10

1.37 Oilseed, Cottonseed 2.06 1.63 1.55 1.28 1.39

0.22 Oilseed, Palm Kernel 0.16 0.22 0.27 0.34 0.33

2.32 Oilseed, Peanut 1.76 2.42 2.31 2.16 2.19

8.33 Oilseed, Rapeseed 6.60 5.13 6.69 7.81 7.41

70.52 Oilseed, Soybean 54.22 57.15 66.16 89.87 90.78

2.44 Oilseed, Sunflowerseed 2.35 2.63 3.29 2.51 2.50

85.49 Total 67.44 69.31 80.37 104.06 104.69

Totals may not add due to rounding

January 2015

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

Million Metric Tons

2010/11 2011/12 2012/13 2013/14

Dec

2014/15

Jan

2014/15

none

Production none

1.97 Meal, Copra 1.82 1.95 1.85 1.84 1.84

14.82 Meal, Cottonseed 15.65 15.64 15.54 15.59 15.58

5.01 Meal, Fish 4.11 4.35 4.22 4.30 4.30

6.75 Meal, Palm Kernel 7.22 7.78 8.29 8.44 8.43

6.46 Meal, Peanut 6.46 6.73 6.83 6.81 6.81

34.04 Meal, Rapeseed 35.69 36.90 39.21 39.48 40.02

174.43 Meal, Soybean 180.45 181.29 188.78 198.92 199.49

12.99 Meal, Sunflowerseed 15.66 14.02 16.60 16.14 16.11

256.47 Total 267.06 268.64 281.33 291.52 292.58

none

Imports none

0.55 Meal, Copra 0.78 0.86 0.67 0.74 0.72

0.49 Meal, Cottonseed 0.42 0.41 0.41 0.44 0.44

2.66 Meal, Fish 2.92 2.35 2.62 2.52 2.50

4.57 Meal, Palm Kernel 5.00 5.27 5.47 5.46 5.55

0.12 Meal, Peanut 0.04 0.03 0.09 0.05 0.05

4.97 Meal, Rapeseed 5.09 5.20 5.97 5.50 5.69

56.91 Meal, Soybean 57.05 53.85 57.30 60.76 60.29

3.86 Meal, Sunflowerseed 6.10 4.72 5.47 5.61 5.61

74.12 Total 77.41 72.69 77.98 81.08 80.84

none

Exports none

0.59 Meal, Copra 0.79 1.04 0.76 0.80 0.80

0.42 Meal, Cottonseed 0.51 0.48 0.38 0.36 0.36

2.49 Meal, Fish 2.52 2.13 2.32 2.28 2.27

5.20 Meal, Palm Kernel 5.85 6.11 6.38 6.54 6.58

0.15 Meal, Peanut 0.07 0.08 0.08 0.07 0.07

5.10 Meal, Rapeseed 5.40 5.32 6.04 5.72 5.79

58.55 Meal, Soybean 58.28 57.84 59.63 63.92 63.51

4.59 Meal, Sunflowerseed 6.76 5.10 6.21 5.89 5.86

77.09 Total 80.17 78.09 81.79 85.57 85.23

none

Domestic Consumption none

1.84 Meal, Copra 1.74 1.90 1.75 1.80 1.78

14.89 Meal, Cottonseed 15.54 15.58 15.61 15.73 15.64

4.76 Meal, Fish 4.92 4.47 4.63 4.57 4.56

6.19 Meal, Palm Kernel 6.49 6.96 7.23 7.49 7.53

6.42 Meal, Peanut 6.46 6.69 6.84 6.79 6.79

33.86 Meal, Rapeseed 35.34 36.97 39.05 39.16 39.82

171.08 Meal, Soybean 177.76 177.49 185.68 195.01 195.56

12.23 Meal, Sunflowerseed 14.53 14.32 15.49 15.95 15.95

251.26 Total 262.78 264.37 276.28 286.50 287.63

none

Ending Stocks none

0.13 Meal, Copra 0.21 0.08 0.10 0.08 0.08

0.19 Meal, Cottonseed 0.21 0.20 0.17 0.10 0.18

0.61 Meal, Fish 0.20 0.31 0.19 0.16 0.16

0.24 Meal, Palm Kernel 0.13 0.10 0.26 0.13 0.13

0.07 Meal, Peanut 0.04 0.04 0.04 0.04 0.04

0.51 Meal, Rapeseed 0.56 0.36 0.45 0.50 0.54

8.39 Meal, Soybean 9.85 9.66 10.42 11.24 11.14

0.66 Meal, Sunflowerseed 1.13 0.45 0.81 0.71 0.73

10.80 Total 12.32 11.19 12.44 12.96 13.00

Totals may not add due to rounding

January 2015

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

Million Metric Tons

2010/11 2011/12 2012/13 2013/14

Dec

2014/15

Jan

2014/15

none

Production none

3.71 Oil, Coconut 3.41 3.66 3.45 3.43 3.43

4.96 Oil, Cottonseed 5.22 5.21 5.15 5.18 5.17

3.27 Oil, Olive 3.45 2.44 3.15 3.19 2.34

48.84 Oil, Palm 52.11 56.14 59.06 62.79 62.79

5.72 Oil, Palm Kernel 6.13 6.54 6.97 7.31 7.31

5.31 Oil, Peanut 5.29 5.49 5.58 5.56 5.56

23.03 Oil, Rapeseed 24.10 24.92 26.43 26.71 27.06

41.40 Oil, Soybean 42.73 43.10 44.86 46.99 47.15

12.21 Oil, Sunflowerseed 14.73 13.27 15.75 15.29 15.26

148.43 Total 157.18 160.76 170.39 176.44 176.06

none

Imports none

1.78 Oil, Coconut 1.82 1.87 1.70 1.72 1.72

0.07 Oil, Cottonseed 0.08 0.08 0.07 0.08 0.08

0.56 Oil, Olive 0.63 0.65 0.57 0.63 0.67

36.49 Oil, Palm 38.99 41.85 40.55 43.23 43.37

2.43 Oil, Palm Kernel 2.54 2.77 2.24 2.52 2.53

0.20 Oil, Peanut 0.16 0.16 0.19 0.19 0.17

3.33 Oil, Rapeseed 4.01 3.87 3.69 4.15 4.17

9.51 Oil, Soybean 7.95 8.46 9.20 9.22 9.20

3.65 Oil, Sunflowerseed 5.66 4.90 6.65 6.26 6.28

58.01 Total 61.84 64.60 64.85 68.00 68.19

none

Exports none

1.71 Oil, Coconut 1.88 1.91 1.63 1.68 1.68

0.14 Oil, Cottonseed 0.17 0.15 0.13 0.14 0.14

0.76 Oil, Olive 0.87 0.87 0.84 0.82 0.78

37.46 Oil, Palm 40.08 43.42 43.07 44.87 44.89

2.89 Oil, Palm Kernel 2.84 3.23 2.96 3.02 3.03

0.18 Oil, Peanut 0.18 0.17 0.18 0.19 0.19

3.42 Oil, Rapeseed 3.97 3.95 3.75 4.17 4.08

9.64 Oil, Soybean 8.47 9.33 9.23 9.53 9.45

4.53 Oil, Sunflowerseed 6.47 5.48 7.15 6.67 6.67

60.73 Total 64.92 68.51 68.93 71.08 70.90

none

Domestic Consumption none

3.67 Oil, Coconut 3.53 3.77 3.58 3.55 3.56

4.78 Oil, Cottonseed 5.13 5.18 5.09 5.13 5.12

3.05 Oil, Olive 3.07 2.64 2.83 2.98 2.61

47.34 Oil, Palm 49.82 54.53 56.58 60.55 60.73

5.14 Oil, Palm Kernel 5.72 6.15 6.27 6.84 6.85

5.29 Oil, Peanut 5.33 5.48 5.59 5.56 5.54

23.27 Oil, Rapeseed 23.68 23.72 25.51 26.56 27.17

40.75 Oil, Soybean 42.25 42.63 45.27 46.53 46.73

11.70 Oil, Sunflowerseed 12.89 13.10 14.89 15.26 15.25

144.99 Total 151.41 157.21 165.60 172.95 173.54

none

Ending Stocks none

0.75 Oil, Coconut 0.57 0.42 0.36 0.27 0.27

0.27 Oil, Cottonseed 0.26 0.21 0.21 0.20 0.20

0.77 Oil, Olive 0.91 0.48 0.54 0.19 0.16

6.09 Oil, Palm 7.29 7.34 7.30 7.80 7.84

0.81 Oil, Palm Kernel 0.92 0.85 0.83 0.79 0.81

0.13 Oil, Peanut 0.07 0.07 0.06 0.06 0.06

1.24 Oil, Rapeseed 1.69 2.81 3.68 3.69 3.66

4.09 Oil, Soybean 4.06 3.65 3.21 3.21 3.39

1.10 Oil, Sunflowerseed 2.14 1.73 2.09 1.55 1.71

15.24 Total 17.91 17.56 18.27 17.76 18.09

Totals may not add due to rounding

January 2015

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

Million Metric Tons

2010/11 2011/12 2012/13 2013/14

Dec

2014/15

Jan

2014/15

Production none

100.43 United States 92.44 93.32 99.02 117.04 117.34

79.04 Brazil 70.24 84.76 90.29 97.17 98.69

54.21 Argentina 44.82 53.68 57.52 58.88 58.88

58.06 China 59.60 59.79 58.92 57.26 57.26

35.95 India 37.03 37.49 36.76 38.04 37.24

133.22 Other 143.53 146.70 161.72 162.34 162.96

460.92 Total 447.66 475.74 504.22 530.72 532.37

Imports none

53.66 China 62.29 63.52 75.64 77.95 77.95

16.23 European Union 16.85 16.97 17.61 16.24 16.73

5.36 Mexico 5.39 5.08 5.45 5.74 5.74

5.47 Japan 5.34 5.54 5.49 5.57 5.57

2.34 Turkey 2.03 2.02 2.40 2.66 2.76

2.19 Indonesia 2.15 2.14 2.51 2.56 2.66

2.46 Taiwan 2.29 2.29 2.34 2.31 2.36

2.22 Thailand 1.99 1.96 1.89 2.09 2.09

1.70 Egypt 1.73 1.80 1.73 1.94 1.94

1.14 Vietnam 1.62 1.47 1.55 1.81 1.81

10.95 Other 10.14 10.47 13.74 12.23 12.09

103.72 Total 111.82 113.27 130.34 131.09 131.69

Exports none

41.94 United States 37.78 36.87 45.79 48.94 49.20

30.07 Brazil 36.35 42.02 46.94 46.09 46.09

10.20 Canada 11.66 10.63 12.69 12.05 12.25

10.02 Argentina 7.89 8.42 8.52 8.79 8.79

5.27 Paraguay 3.61 5.54 4.40 4.55 4.55

2.85 Ukraine 2.83 2.72 3.57 4.00 4.00

1.82 Uruguay 2.61 3.53 3.34 3.18 3.18

6.20 Other 8.30 8.42 8.61 7.76 7.68

108.36 Total 111.03 118.15 133.86 135.34 135.72

Crush none

87.41 China 96.29 102.64 107.73 111.93 111.93

49.32 United States 50.32 50.23 51.47 53.25 53.17

40.06 European Union 41.09 42.15 45.49 44.33 46.16

41.58 Argentina 39.95 36.25 38.80 40.95 40.95

39.37 Brazil 41.17 37.74 39.16 40.32 40.35

28.83 India 28.51 29.27 28.66 29.88 29.23

7.83 Russia 11.96 11.05 13.51 12.90 12.90

8.49 Ukraine 10.28 9.20 11.78 11.38 11.38

7.68 Indonesia 8.35 8.99 9.61 10.25 10.25

7.74 Canada 8.41 8.27 8.52 8.88 8.88

5.73 Mexico 5.86 5.70 5.96 6.37 6.37

4.82 Pakistan 5.60 5.30 5.29 5.87 5.87

4.97 Malaysia 5.05 5.29 5.49 5.70 5.70

4.52 Japan 4.35 4.38 4.34 4.45 4.45

1.78 Paraguay 1.07 3.17 3.65 3.81 3.81

36.50 Other 36.59 37.30 38.30 39.43 39.63

376.61 Total 394.83 396.90 417.73 429.68 431.03

Ending Stocks none

22.50 Argentina 17.23 23.56 30.68 36.43 36.43

23.93 Brazil 13.31 15.38 16.70 24.53 25.98

16.12 China 17.05 13.17 15.56 15.16 15.16

7.32 United States 5.61 5.76 3.95 12.71 12.71

4.00 European Union 4.91 3.67 3.03 4.87 3.98

11.62 Other 9.34 7.76 10.46 10.36 10.43

85.49 Total 67.44 69.31 80.37 104.06 104.69

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

January 2015

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

Million Metric Tons

2010/11 2011/12 2012/13 2013/14

Dec

2014/15

Jan

2014/15

Production none

60.56 China 66.95 71.34 75.23 78.97 78.97

38.05 United States 39.50 38.69 39.40 41.59 41.56

31.07 Argentina 29.70 27.23 29.10 30.84 30.84

29.65 Brazil 31.02 28.53 29.38 30.32 30.34

25.79 European Union 26.29 27.25 29.24 28.37 29.60

71.36 Other 73.61 75.61 78.98 81.43 81.27

256.47 Total 267.06 268.64 281.33 291.52 292.58

Imports none

27.04 European Union 28.20 23.38 24.65 26.49 25.89

3.32 Indonesia 3.53 3.62 3.96 4.16 4.16

3.08 Korea, South 3.38 3.54 3.79 3.83 3.83

2.24 United States 3.03 3.39 3.74 3.59 3.67

2.96 Vietnam 2.52 3.30 3.34 3.46 3.46

2.75 Thailand 3.36 3.26 3.11 3.30 3.30

1.88 Iran 2.38 2.17 2.79 2.91 2.91

30.86 Other 31.01 30.03 32.60 33.34 33.63

74.12 Total 77.41 72.69 77.98 81.08 80.84

Exports none

28.39 Argentina 26.93 24.04 25.26 28.16 28.16

13.99 Brazil 14.68 13.24 13.95 14.10 14.10

8.49 United States 9.17 10.49 10.75 11.90 11.90

3.14 Indonesia 3.68 3.80 4.06 4.16 4.16

2.93 Ukraine 3.86 3.07 3.91 3.93 3.93

3.22 Canada 3.52 3.60 3.67 3.71 3.71

6.24 India 5.42 5.31 4.12 3.90 3.70

10.70 Other 12.92 14.55 16.06 15.72 15.58

77.09 Total 80.17 78.09 81.79 85.57 85.23

Domestic Consumption none

63.00 China 67.89 70.89 74.52 78.24 78.24

51.52 European Union 52.68 50.39 52.46 53.17 54.06

31.77 United States 33.41 31.61 32.41 33.23 33.29

15.44 Brazil 15.61 15.42 15.80 16.03 16.11

11.05 India 11.52 12.12 12.70 13.59 13.31

5.74 Mexico 5.82 5.59 5.79 6.02 6.02

5.62 Japan 5.60 5.22 5.28 5.53 5.53

4.85 Thailand 5.22 5.21 4.91 5.09 5.09

3.99 Russia 4.38 4.49 4.66 4.83 4.83

3.68 Indonesia 3.90 4.31 4.76 4.82 4.82

54.61 Other 56.75 59.13 62.99 65.97 66.35

251.26 Total 262.78 264.37 276.28 286.50 287.63

SME none

60.27 China 65.06 67.93 71.27 75.21 75.21

46.57 European Union 47.23 44.74 46.88 47.42 48.25

30.92 United States 32.36 30.43 31.14 31.89 31.95

15.16 Brazil 15.32 15.20 15.55 15.78 15.87

9.64 India 10.08 10.61 11.21 11.92 11.69

5.38 Mexico 5.45 5.24 5.45 5.67 5.67

5.42 Japan 5.40 4.96 5.05 5.28 5.28

62.55 Other 65.77 68.14 71.93 75.23 75.42

235.91 Total 246.68 247.24 258.48 268.39 269.33

Ending Stocks none

2.52 Argentina 3.18 3.95 5.11 4.88 4.88

2.45 Brazil 3.21 3.11 2.76 2.98 2.91

0.91 European Union 1.23 0.32 0.66 0.94 0.92

0.44 Indonesia 0.46 0.43 0.40 0.42 0.42

0.38 United States 0.34 0.31 0.29 0.34 0.34

4.10 Other 3.90 3.08 3.22 3.39 3.52

10.80 Total 12.32 11.19 12.44 12.96 13.00

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

January 2015

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

Million Metric Tons

2010/11 2011/12 2012/13 2013/14

Dec

2014/15

Jan

2014/15

Production none

27.24 Indonesia 30.13 32.73 35.04 37.77 37.77

19.02 China 21.00 22.40 23.63 24.26 24.26

20.39 Malaysia 20.42 21.63 22.56 23.75 23.75

16.31 European Union 16.90 16.08 18.24 17.81 17.62

9.78 United States 10.03 10.23 10.44 10.82 10.73

8.79 Argentina 8.48 7.42 7.83 8.42 8.42

7.80 Brazil 8.21 7.60 7.88 8.10 8.11

39.10 Other 42.02 42.67 44.77 45.52 45.41

148.43 Total 157.18 160.76 170.39 176.44 176.06

Imports none

8.58 India 10.03 10.68 11.60 12.65 12.67

8.39 China 9.23 10.79 9.07 10.10 10.00

8.53 European Union 9.12 9.92 9.92 9.65 9.85

3.61 United States 3.83 3.80 4.02 4.12 4.13

2.12 Pakistan 2.26 2.30 2.73 2.70 2.70

2.42 Egypt 2.31 1.91 2.18 2.36 2.36

1.38 Bangladesh 1.41 1.44 1.68 1.73 1.73

1.45 Iran 1.35 1.43 1.46 1.71 1.71

0.86 Turkey 1.11 1.26 1.38 1.25 1.25

0.73 Korea, South 0.82 0.79 0.83 0.92 0.92

19.94 Other 20.37 20.29 20.00 20.81 20.89

58.01 Total 61.84 64.60 64.85 68.00 68.19

Exports none

18.46 Indonesia 20.73 22.64 23.50 24.65 24.65

18.57 Malaysia 19.00 19.99 18.67 19.28 19.28

5.59 Argentina 4.65 4.65 4.52 4.81 4.81

2.70 Ukraine 3.33 3.32 4.03 3.89 3.89

2.49 Canada 2.75 2.63 2.45 2.77 2.77

1.62 European Union 2.01 2.43 2.30 2.30 2.19

0.41 Russia 1.80 1.27 2.12 1.95 1.95

10.90 Other 10.65 11.58 11.34 11.44 11.36

60.73 Total 64.92 68.51 68.93 71.08 70.90

Domestic Consumption none

27.99 China 29.34 31.17 32.37 34.08 33.98

24.14 European Union 23.87 24.18 25.16 24.89 25.55

15.92 India 16.77 17.87 18.96 20.27 20.14

11.91 United States 12.78 13.03 13.53 13.55 13.49

7.95 Indonesia 8.92 9.90 11.46 13.00 13.00

6.35 Brazil 6.66 6.77 7.09 7.25 7.38

3.67 Malaysia 3.70 3.97 4.28 4.75 4.75

3.23 Pakistan 3.48 3.55 3.83 4.05 4.05

3.05 Argentina 3.60 2.93 3.44 3.67 3.67

3.14 Russia 3.21 3.36 3.51 3.62 3.62

2.38 Egypt 2.46 2.43 2.41 2.49 2.49

2.22 Mexico 2.31 2.36 2.36 2.46 2.46

1.74 Turkey 1.78 1.86 2.14 2.30 2.32

1.94 Thailand 1.99 2.02 2.26 2.27 2.27

2.20 Japan 2.16 2.19 2.21 2.22 2.22

27.17 Other 28.40 29.62 30.62 32.10 32.16

144.99 Total 151.41 157.21 165.60 172.95 173.54

Ending Stocks none

0.88 China 1.69 3.62 3.83 4.00 4.00

2.54 Malaysia 2.91 2.09 2.41 2.89 2.89

1.37 Indonesia 1.88 2.13 2.28 2.44 2.44

1.64 European Union 1.78 1.17 1.87 1.27 1.59

1.61 United States 1.54 1.16 0.98 1.05 1.04

7.19 Other 8.11 7.39 6.91 6.11 6.13

15.24 Total 17.91 17.56 18.27 17.76 18.09

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

January 2015

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Table 07: Soybeans: World Supply and Distribution

Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14

Dec

2014/15

Jan

2014/15

Production none

90,663 United States 84,291 82,791 91,389 107,727 108,014

75,300 Brazil 66,500 82,000 86,700 94,000 95,500

49,000 Argentina 40,100 49,300 54,000 55,000 55,000

15,080 China 14,485 13,050 12,200 11,800 11,800

10,100 India 11,700 12,200 9,500 11,000 10,500

7,128 Paraguay 4,043 8,202 8,200 8,500 8,500

4,445 Canada 4,467 5,086 5,359 6,050 6,050

12,530 Other 14,907 16,136 16,388 18,731 19,005

264,246 Total 240,493 268,765 283,736 312,808 314,369

Imports none

52,339 China 59,231 59,865 70,364 74,000 74,000

12,472 European Union 12,070 12,538 12,985 12,750 12,750

3,498 Mexico 3,606 3,409 3,700 3,950 3,950

2,917 Japan 2,759 2,830 2,894 2,900 2,900

1,898 Indonesia 1,922 1,795 2,200 2,250 2,350

2,454 Taiwan 2,285 2,286 2,335 2,300 2,350

2,139 Thailand 1,907 1,867 1,798 2,000 2,000

1,644 Egypt 1,649 1,730 1,674 1,870 1,870

1,351 Turkey 1,057 1,249 1,608 1,500 1,600

932 Vietnam 1,290 1,291 1,350 1,600 1,600

7,116 Other 5,677 7,028 9,604 7,648 7,618

88,760 Total 93,453 95,888 110,512 112,768 112,988

Exports none

40,959 United States 37,156 35,846 44,815 47,899 48,172

29,951 Brazil 36,257 41,904 46,829 46,000 46,000

9,205 Argentina 7,368 7,738 7,841 8,000 8,000

5,226 Paraguay 3,574 5,518 4,400 4,520 4,520

2,943 Canada 2,933 3,470 3,471 3,700 3,700

3,418 Other 4,869 6,058 5,473 6,105 6,095

91,702 Total 92,157 100,534 112,829 116,224 116,487

Crush none

55,000 China 60,970 64,950 68,850 74,500 74,500

44,851 United States 46,348 45,967 47,192 48,444 48,444

37,614 Argentina 35,886 33,611 36,175 38,050 38,050

36,330 Brazil 38,083 35,235 36,276 37,600 37,600

12,430 European Union 12,414 13,231 13,591 12,800 13,600

9,300 India 9,650 9,900 8,300 8,900 8,500

3,625 Mexico 3,675 3,650 3,900 4,200 4,200

1,570 Paraguay 900 2,950 3,500 3,600 3,600

2,170 Russia 2,400 2,440 2,960 3,000 3,000

1,800 Bolivia 2,000 2,175 2,000 2,100 2,200

2,149 Japan 1,960 1,915 1,940 1,970 1,970

2,060 Taiwan 2,020 1,920 1,925 1,920 1,970

1,644 Egypt 1,620 1,710 1,680 1,850 1,850

1,425 Canada 1,411 1,550 1,537 1,675 1,675

1,820 Thailand 1,751 1,425 1,500 1,600 1,600

7,524 Other 7,243 7,556 8,990 9,659 9,769

221,312 Total 228,331 230,185 240,316 251,868 252,528

Ending Stocks none

21,403 Argentina 16,300 21,813 29,000 34,851 34,851

23,636 Brazil 13,024 15,330 16,530 24,380 25,830

14,538 China 15,909 12,378 14,427 14,027 14,027

5,852 United States 4,610 3,825 2,503 11,164 11,159

297 Canada 232 178 282 657 657

4,795 Other 4,148 3,621 3,418 4,789 4,256

70,521 Total 54,223 57,145 66,160 89,868 90,780

Most countries are on an October/September Marketing Year (MY). The United States, Mexico, and Thailand are on a September/August

MY. Canada is on an August/July MY. Paraguay is on a March/February MY.

January 2015

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Table 08: Soybean Meal: World Supply and Distribution

Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14

Dec

2014/15

Jan

2014/15

Production none

43,560 China 48,288 51,440 54,531 59,004 59,004

35,608 United States 37,217 36,174 36,909 38,814 38,828

29,312 Argentina 27,945 26,089 27,950 29,575 29,575

28,160 Brazil 29,510 27,310 27,980 29,000 29,000

9,633 European Union 9,668 10,432 10,737 10,080 10,750

7,440 India 7,720 7,920 6,640 7,120 6,800

2,870 Mexico 2,910 2,890 3,088 3,325 3,325

17,844 Other 17,194 19,032 20,945 22,006 22,212

174,427 Total 180,452 181,287 188,780 198,924 199,494

Imports none

21,877 European Union 20,872 16,941 18,175 19,800 19,300

3,069 Indonesia 3,278 3,367 3,700 3,900 3,900

2,719 Vietnam 2,276 2,980 3,100 3,200 3,200

2,318 Thailand 2,928 2,874 2,665 2,900 2,900

1,742 Iran 2,192 2,099 2,683 2,800 2,800

1,972 Philippines 1,833 1,970 2,250 2,350 2,350

2,208 Japan 2,282 1,765 1,976 2,100 2,100

1,658 Korea, South 1,571 1,654 1,826 1,880 1,880

1,028 Malaysia 1,078 1,276 1,400 1,425 1,425

1,500 Mexico 1,548 1,295 1,425 1,420 1,420

16,817 Other 17,188 17,632 18,097 18,986 19,013

56,908 Total 57,046 53,853 57,297 60,761 60,288

Exports none

27,615 Argentina 26,043 23,667 24,960 27,830 27,830

13,987 Brazil 14,678 13,242 13,948 14,100 14,100

8,238 United States 8,845 10,139 10,478 11,612 11,612

1,043 Paraguay 523 2,149 2,500 2,570 2,570

4,800 India 4,391 4,354 2,742 2,850 2,550

2,862 Other 3,795 4,286 5,002 4,955 4,845

58,545 Total 58,275 57,837 59,630 63,917 63,507

Domestic Consumption none

43,382 China 47,435 50,091 52,534 57,354 57,354

30,952 European Union 29,670 27,123 28,495 29,042 29,442

27,489 United States 28,614 26,280 26,758 27,306 27,398

13,950 Brazil 14,100 14,200 14,398 14,710 14,780

4,340 Mexico 4,370 4,225 4,475 4,650 4,650

2,870 India 3,280 3,490 4,050 4,275 4,215

3,100 Vietnam 3,300 3,700 3,920 4,160 4,160

3,775 Thailand 4,153 4,200 3,880 4,100 4,100

2,784 Indonesia 3,218 3,430 3,750 3,825 3,825

3,844 Japan 3,840 3,352 3,421 3,600 3,600

2,525 Iran 2,500 2,460 2,948 3,120 3,120

1,900 Egypt 2,100 2,220 2,450 2,460 2,460

2,336 Korea, South 2,265 2,248 2,385 2,450 2,450

2,181 Russia 2,365 2,532 2,450 2,450 2,450

1,875 Philippines 1,925 2,000 2,333 2,408 2,408

23,777 Other 24,627 25,941 27,437 29,102 29,144

171,080 Total 177,762 177,492 185,684 195,012 195,556

Ending Stocks none

2,229 Argentina 2,921 3,743 4,933 4,678 4,678

2,436 Brazil 3,198 3,098 2,757 2,972 2,902

453 European Union 439 153 260 573 478

330 Indonesia 390 323 273 348 348

318 United States 272 249 227 273 272

2,620 Other 2,627 2,092 1,971 2,395 2,462

8,386 Total 9,847 9,658 10,421 11,239 11,140

Most countries are on an October/September Marketing Year (MY). The Mexico and Thailand are on a September/August MY. Canada is

on an August/July MY. Paraguay is on a March/February MY. Vietnam and the Philippines are on a January/December MY and Bolivia is

on a March/February MY.

January 2015

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Table 09: Soybean Oil: World Supply and Distribution

Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14

Dec

2014/15

Jan

2014/15

Production none

9,840 China 10,914 11,626 12,335 13,343 13,343

8,568 United States 8,954 8,990 9,131 9,380 9,324

7,181 Argentina 6,839 6,364 6,800 7,260 7,260

6,970 Brazil 7,310 6,760 6,960 7,215 7,215

2,392 European Union 2,359 2,514 2,582 2,325 2,584

1,646 India 1,708 1,752 1,478 1,590 1,496

648 Mexico 657 653 698 750 750

4,157 Other 3,991 4,442 4,876 5,130 5,179

41,402 Total 42,732 43,101 44,860 46,993 47,151

Imports none

945 India 1,174 1,086 1,830 1,925 1,925

1,319 China 1,502 1,409 1,353 1,100 1,000

704 Iran 411 543 551 600 600

516 Algeria 438 575 565 580 580

376 Bangladesh 420 397 441 450 450

315 Peru 344 363 380 380 400

366 Venezuela 415 374 385 400 400

397 Morocco 367 364 400 380 380

300 Korea, South 343 300 278 350 350

906 European Union 386 300 320 300 310

3,363 Other 2,154 2,744 2,695 2,759 2,804

9,507 Total 7,954 8,455 9,198 9,224 9,199

Exports none

4,561 Argentina 3,794 4,244 4,090 4,350 4,350

1,668 Brazil 1,885 1,251 1,378 1,270 1,170

1,466 United States 664 982 851 953 953

463 European Union 742 1,011 771 800 800

255 Paraguay 127 558 630 650 650

232 Bolivia 224 260 260 260 280

136 Russia 142 129 270 220 220

862 Other 891 897 983 1,022 1,022

9,643 Total 8,469 9,332 9,233 9,525 9,445

Domestic Consumption none

11,409 China 12,044 12,545 13,657 14,359 14,259

7,619 United States 8,306 8,476 8,599 8,369 8,324

5,205 Brazil 5,390 5,534 5,765 5,940 6,040

2,610 India 2,750 2,950 3,300 3,550 3,450

2,520 Argentina 3,020 2,275 2,729 2,941 2,941

2,530 European Union 2,109 1,908 1,980 1,810 2,070

835 Mexico 845 855 890 921 921

646 Iran 625 630 635 684 684

475 Algeria 490 540 550 580 580

388 Bangladesh 440 470 530 555 555

669 Egypt 440 582 512 547 547

443 Korea, South 465 455 460 480 480

399 Venezuela 424 434 439 454 454

433 Japan 390 409 394 408 408

403 Morocco 372 374 400 400 400

4,168 Other 4,138 4,197 4,428 4,535 4,612

40,752 Total 42,248 42,634 45,268 46,533 46,725

Ending Stocks none

303 China 615 1,021 958 962 962

1,100 United States 1,152 773 529 660 649

434 European Union 328 223 374 202 398

238 India 360 248 255 181 226

383 Brazil 418 399 216 296 221

1,632 Other 1,186 985 874 911 930

4,090 Total 4,059 3,649 3,206 3,212 3,386

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

January/December MY and Paraguay and Bolivia are on a March/February MY.

January 2015

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Table 10: Soybeans and Products: World Trade

Thousand Metric Tons

Marketing Year

Meal, Soybean Oil, Soybean Oilseed, Soybean

2014/152013/142012/132014/152013/142012/132014/152013/142012/13

Exports

North America 10,398 10,738 11,882 1,088 947 1,067 39,316 48,286 51,872

Canada (Aug-Jul) 246 241 250 102 92 110 3,470 3,471 3,700

United States (Sep-Aug) 10,139 10,478 11,612 982 851 953 35,846 44,815 48,172

South America 40,539 28,720 45,850 6,313 4,980 6,455 0 15,886 61,980

Argentina (Oct-Sep) 23,667 24,960 27,830 4,244 4,090 4,350 7,738 7,841 8,000

Brazil (Oct-Sep) 13,242 13,948 14,100 1,251 1,378 1,170 41,904 46,829 46,000

Paraguay (Mar-Feb) 2,149 2,500 2,570 558 630 650 5,518 4,400 4,520

South Asia 8 7 2,557 0 0 0 0 0 150

India (Oct-Sep) 4,354 2,742 2,550 0 1 0 115 183 150

Other 6,892 20,165 3,218 1,931 3,306 1,923 61,218 48,657 2,485

World Total 57,837 59,630 63,507 9,332 9,233 9,445 100,534 112,829 116,487

Imports

European Union (Oct-Sep) 16,941 18,175 19,300 300 320 310 12,538 12,985 12,750

East Asia 3,509 3,877 4,110 453 1,773 1,500 66,112 74,531 80,572

China (Oct-Sep) 16 20 50 1,409 1,353 1,000 59,865 70,364 74,000

Japan (Oct-Sep) 1,765 1,976 2,100 38 16 30 2,830 2,894 2,900

Korea, South (Oct-Sep) 1,654 1,826 1,880 300 278 350 1,115 1,271 1,300

Taiwan (Oct-Sep) 43 22 20 0 3 0 2,286 2,335 2,350

Southeast Asia 12,489 9,437 13,797 226 252 252 5,604 6,003 6,665

Indonesia (Oct-Sep) 3,367 3,700 3,900 25 25 25 1,795 2,200 2,350

Malaysia (Oct-Sep) 1,276 1,400 1,425 78 100 90 574 550 610

Philippines (Jan-Dec) 1,970 2,250 2,350 37 37 40 57 85 85

Thailand (Sep-Aug) 2,874 2,665 2,900 0 6 5 1,867 1,798 2,000

Vietnam (Jan-Dec) 2,980 3,100 3,200 55 50 58 1,291 1,350 1,600

North America 2,500 2,712 2,622 311 296 296 4,782 5,991 4,658

Canada (Aug-Jul) 983 982 975 28 31 33 270 340 300

Mexico (Sep-Aug) 1,295 1,425 1,420 194 190 190 3,409 3,700 3,950

South America 3,594 3,683 5,015 1,036 1,008 1,343 0 547 1,571

Brazil (Oct-Sep) 32 25 25 6 0 0 395 605 550

Colombia (Oct-Sep) 1,057 1,036 1,080 216 288 295 328 436 450

Central America 938 951 994 148 178 180 15 292 312

Caribbean 760 805 844 255 283 290 0 175 195

Middle East 235 4,547 5,866 2 650 699 50 2,309 2,375

Iran (Oct-Sep) 2,099 2,683 2,800 543 551 600 126 301 350

Israel (Oct-Sep) 122 125 130 21 18 15 313 350 375

Syria (Jan-Dec) 200 300 325 2 4 5 50 50 50

Turkey (Oct-Sep) 1,030 744 1,000 3 8 2 1,249 1,608 1,600

North Africa 1,558 3,226 3,259 1,385 1,298 1,365 1,803 1,804 2,020

Egypt (Oct-Sep) 889 1,116 1,000 324 213 280 1,730 1,674 1,870

Other 11,329 9,884 4,481 4,339 3,140 2,964 4,984 5,875 1,870

World Total 53,853 57,297 60,288 8,455 9,198 9,199 95,888 110,512 112,988

January 2015

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Table 11: Palm Oil: World Supply and Distribution

Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14

Dec

2014/15

Jan

2014/15

Production none

23,600 Indonesia 26,200 28,500 30,500 33,000 33,000

18,211 Malaysia 18,202 19,321 20,161 21,250 21,250

1,832 Thailand 1,892 2,135 2,150 2,250 2,250

753 Colombia 945 1,140 1,042 1,070 1,070

850 Nigeria 850 910 930 930 930

3,590 Other 4,022 4,138 4,276 4,293 4,293

48,836 Total 52,111 56,144 59,059 62,793 62,793

Imports none

6,661 India 7,473 8,308 7,847 8,900 8,900

4,944 European Union 5,707 6,805 6,940 6,850 7,000

5,711 China 5,841 6,589 5,573 6,300 6,300

2,064 Pakistan 2,218 2,246 2,650 2,650 2,650

996 Bangladesh 984 1,030 1,232 1,275 1,275

980 United States 1,032 1,293 1,220 1,270 1,270

1,441 Egypt 1,368 969 1,165 1,225 1,225

655 Russia 545 763 635 775 775

634 Iran 610 722 609 760 760

656 Singapore 854 654 552 750 750

11,747 Other 12,358 12,468 12,125 12,476 12,466

36,489 Total 38,990 41,847 40,548 43,231 43,371

Exports none

16,423 Indonesia 18,452 20,373 21,200 22,300 22,300

17,151 Malaysia 17,586 18,524 17,344 18,000 18,000

577 Papua New Guinea 587 564 640 640 640

382 Thailand 293 550 400 500 500

255 Benin 253 425 390 390 390

2,670 Other 2,909 2,979 3,092 3,037 3,062

37,458 Total 40,080 43,415 43,066 44,867 44,892

Domestic Consumption none

6,414 Indonesia 7,129 7,852 9,180 10,520 10,520

7,080 India 7,425 8,225 8,200 9,000 9,000

5,110 European Union 5,523 6,560 6,791 6,675 6,840

5,797 China 5,841 6,389 5,749 6,210 6,210

2,204 Malaysia 2,150 2,451 2,830 3,090 3,090

2,077 Pakistan 2,110 2,235 2,535 2,630 2,630

1,457 Thailand 1,518 1,605 1,800 1,820 1,820

1,267 Nigeria 1,285 1,375 1,405 1,430 1,430

957 United States 1,043 1,238 1,207 1,275 1,275

980 Bangladesh 1,030 1,030 1,160 1,260 1,260

1,293 Egypt 1,265 1,100 1,045 1,075 1,075

787 Colombia 890 905 965 960 975

580 Iran 600 725 630 740 740

585 Russia 600 660 690 700 700

575 Singapore 685 590 495 665 665

10,178 Other 10,723 11,588 11,900 12,498 12,498

47,341 Total 49,817 54,528 56,582 60,548 60,728

Ending Stocks none

2,163 Malaysia 2,481 1,784 2,090 2,525 2,525

825 Indonesia 1,445 1,758 1,918 2,098 2,098

571 India 669 802 499 449 449

255 European Union 270 380 374 379 379

241 China 240 439 261 350 350

2,030 Other 2,184 2,174 2,154 1,998 2,039

6,085 Total 7,289 7,337 7,296 7,799 7,840

January 2015

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Table 12: Rapeseed and Products: World Supply and Distribution

Thousand Metric Tons

Marketing Year

Meal, Rapeseed Oil, Rapeseed Oilseed, Rapeseed

2014/152013/142012/132014/152013/142012/132014/152013/142012/13

Production

China (Oct-Sep) 10,690 11,614 11,206 6,045 6,579 6,347 14,007 14,458 14,700

India (Oct-Sep) 3,540 3,720 3,840 2,350 2,500 2,600 6,800 7,300 7,500

Canada (Aug-Jul) 3,785 3,925 4,060 2,950 3,050 3,160 13,869 17,966 15,555

Japan (Oct-Sep) 1,365 1,330 1,370 1,055 1,010 1,012 2 2 2

European Union (Jul-Jun) 12,935 13,764 14,203 9,335 9,934 10,251 19,631 21,102 24,077

Other 4,586 4,858 5,338 3,181 3,357 3,688 9,453 10,318 10,106

World Total 36,901 39,211 40,017 24,916 26,430 27,058 63,762 71,146 71,940

Imports

China (Oct-Sep) 106 314 100 1,598 902 1,400 3,421 5,046 3,750

India (Oct-Sep) 0 0 0 8 160 150 0 0 0

Canada (Aug-Jul) 11 11 10 170 83 80 128 66 100

Japan (Oct-Sep) 75 76 100 21 10 10 2,495 2,378 2,450

European Union (Jul-Jun) 415 457 440 210 296 270 3,378 3,495 2,940

Other 4,588 5,111 5,038 1,866 2,242 2,263 3,238 3,906 4,376

World Total 5,195 5,969 5,688 3,873 3,693 4,173 12,660 14,891 13,616

Exports

China (Oct-Sep) 101 37 80 6 6 10 0 0 0

India (Oct-Sep) 901 1,327 1,100 2 2 2 0 0 0

Canada (Aug-Jul) 3,345 3,424 3,450 2,516 2,348 2,650 7,114 9,173 8,500

Japan (Oct-Sep) 0 2 2 1 2 1 0 0 0

European Union (Jul-Jun) 272 361 350 461 306 330 94 290 530

Other 700 893 804 966 1,083 1,090 5,245 5,643 4,731

World Total 5,319 6,044 5,786 3,952 3,747 4,083 12,453 15,106 13,761

Domestic Consumption

China (Oct-Sep) 10,695 11,891 11,226 6,316 7,025 7,655 17,600 19,100 18,450

India (Oct-Sep) 2,630 2,403 2,740 2,400 2,605 2,800 6,960 7,350 7,600

Canada (Aug-Jul) 580 485 587 572 645 660 7,008 7,084 7,339

Japan (Oct-Sep) 1,440 1,404 1,468 1,020 1,020 1,025 2,444 2,375 2,456

European Union (Jul-Jun) 13,122 13,750 14,250 9,231 9,675 10,147 23,447 24,907 25,827

Other 8,504 9,121 9,550 4,183 4,535 4,882 7,978 8,558 9,395

World Total 36,971 39,054 39,821 23,722 25,505 27,169 65,437 69,374 71,067

Ending Stocks

China (Oct-Sep) 0 0 0 2,157 2,607 2,689 632 1,036 1,036

India (Oct-Sep) 30 20 20 114 167 115 569 519 419

Canada (Aug-Jul) 101 128 161 71 211 141 588 2,363 2,179

Japan (Oct-Sep) 0 0 0 118 116 112 109 114 110

European Union (Jul-Jun) 89 199 242 32 281 325 2,573 1,973 2,633

Other 143 98 120 315 296 275 658 681 1,037

World Total 363 445 543 2,807 3,678 3,657 5,129 6,686 7,414

1/12/2015 11:12:31 AM

January 2015

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Table 13: Sunflowerseed and Products: World Supply and Distribution

Thousand Metric Tons

Marketing Year

Oilseed, Sunflowerseed Meal, Sunflowerseed Oil, Sunflowerseed

2014/152013/142012/132014/152013/142012/132014/152013/142012/13

Production

Argentina (Mar-Feb) 3,100 2,100 2,500 1,021 980 1,090 984 950 1,060

Russia (Sep-Aug) 7,959 10,554 9,000 2,808 3,466 3,215 3,117 3,851 3,570

Turkey (Sep-Aug) 1,125 1,400 1,200 685 753 762 769 845 854

Ukraine (Sep-Aug) 9,000 11,600 10,000 3,607 4,433 4,259 3,615 4,451 4,259

European Union (Oct-Sep) 7,088 8,881 9,041 3,297 4,127 4,040 2,544 3,185 3,120

Other 7,701 8,371 8,210 2,597 2,843 2,742 2,237 2,470 2,394

World Total 35,973 42,906 39,951 14,015 16,602 16,108 13,266 15,752 15,257

Imports

Argentina (Mar-Feb) 7 2 2 0 0 0 0 0 0

Russia (Sep-Aug) 28 35 30 0 0 0 21 10 10

Turkey (Sep-Aug) 628 583 850 432 720 650 657 800 680

Ukraine (Sep-Aug) 20 15 10 2 0 0 1 0 0

European Union (Oct-Sep) 214 319 250 3,030 3,364 3,350 942 1,039 850

Other 414 666 756 1,251 1,382 1,607 3,283 4,800 4,735

World Total 1,311 1,620 1,898 4,715 5,466 5,607 4,904 6,649 6,275

Exports

Argentina (Mar-Feb) 84 80 80 327 250 280 353 350 375

Russia (Sep-Aug) 31 130 50 1,360 1,750 1,450 942 1,550 1,450

Turkey (Sep-Aug) 38 33 40 1 0 0 289 550 400

Ukraine (Sep-Aug) 127 70 200 3,052 3,750 3,750 3,245 3,850 3,700

European Union (Oct-Sep) 521 713 700 123 173 180 241 372 305

Other 637 1,003 1,036 234 285 197 406 474 435

World Total 1,438 2,029 2,106 5,097 6,208 5,857 5,476 7,146 6,665

Domestic Consumption

Argentina (Mar-Feb) 2,374 2,280 2,530 745 765 780 646 700 722

Russia (Sep-Aug) 8,046 10,090 9,270 1,474 1,629 1,800 2,120 2,246 2,300

Turkey (Sep-Aug) 1,807 1,987 2,008 1,208 1,452 1,433 994 1,130 1,240

Ukraine (Sep-Aug) 8,710 10,895 10,365 466 501 551 570 585 600

European Union (Oct-Sep) 6,944 8,474 8,416 6,786 7,195 7,210 3,373 3,603 3,623

Other 7,683 8,118 7,943 3,639 3,952 4,171 5,401 6,629 6,765

World Total 35,564 41,844 40,532 14,318 15,494 15,945 13,104 14,893 15,250

Ending Stocks

Argentina (Mar-Feb) 1,018 760 652 197 162 192 515 415 378

Russia (Sep-Aug) 0 369 79 0 87 52 199 264 94

Turkey (Sep-Aug) 177 140 142 0 21 0 380 345 239

Ukraine (Sep-Aug) 207 857 302 91 273 231 60 76 35

European Union (Oct-Sep) 787 800 975 77 200 200 62 311 353

Other 443 359 346 82 70 51 515 682 611

World Total 2,632 3,285 2,496 447 813 726 1,731 2,093 1,710

January 2015

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Table 14: Minor Vegetable Oils: World Supply and Distribution

Thousand Metric Tons

Marketing Year

Oil, Peanut Oil, Cottonseed Oil, Olive

2014/152013/142012/132014/152013/142012/132014/152013/142012/13

Production

China (Oct-Sep) 2,686 2,725 2,720 1,566 1,498 1,396 nr nr nr

India (Oct-Sep) 1,180 1,220 1,190 1,220 1,305 1,350 nr nr nr

Turkey (Nov-Oct) 4 4 7 146 125 147 175 180 170

United States (Aug-Jul) 96 95 95 363 286 352 4 5 5

European Union (Oct-Sep) 12 12 12 49 51 51 1,625 2,475 1,600

Other 1,512 1,519 1,534 1,864 1,885 1,876 635 491 561

World Total 5,490 5,575 5,558 5,208 5,150 5,172 2,439 3,151 2,336

Imports

China (Oct-Sep) 65 74 70 0 0 0 nr nr nr

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

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

United States (Aug-Jul) 5 25 16 9 14 9 297 311 317

European Union (Oct-Sep) 66 66 66 0 0 0 161 54 150

Other 20 20 19 68 55 66 188 207 204

World Total 156 185 171 77 69 75 646 572 671

Exports

China (Oct-Sep) 6 10 10 1 2 2 nr nr nr

India (Oct-Sep) 4 4 5 0 0 0 nr nr nr

Turkey (Nov-Oct) 0 0 0 1 1 1 97 30 25

United States (Aug-Jul) 6 4 6 100 67 93 7 6 7

European Union (Oct-Sep) 2 3 3 1 0 0 537 675 580

Other 154 160 161 47 56 44 233 130 170

World Total 172 181 185 150 126 140 874 841 782

Domestic Consumption

China (Oct-Sep) 2,745 2,789 2,780 1,565 1,496 1,394 nr nr nr

India (Oct-Sep) 1,187 1,215 1,185 1,238 1,295 1,345 nr nr nr

Turkey (Nov-Oct) 4 4 7 145 128 140 83 140 145

United States (Aug-Jul) 95 116 103 272 233 268 294 310 315

European Union (Oct-Sep) 76 74 74 48 51 51 1,650 1,780 1,540

Other 1,375 1,390 1,393 1,912 1,891 1,919 610 598 605

World Total 5,482 5,588 5,542 5,180 5,094 5,117 2,637 2,828 2,605

Ending Stocks

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

India (Oct-Sep) 10 11 11 48 58 63 nr nr nr

Turkey (Nov-Oct) 0 0 0 6 2 8 9 19 19

United States (Aug-Jul) 9 9 11 45 45 45 0 0 0

European Union (Oct-Sep) 2 3 4 0 0 0 356 430 60

Other 44 33 32 115 108 87 119 89 79

World Total 65 56 58 214 213 203 484 538 158

January 2015

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Table 15: World Oilseeds and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Major Oilseeds

326.78 28.6562.35430.4763.6440.05197.43 2001/02 325.53 42.59

334.43 29.3970.03447.9770.9642.59195.48 2002/03 328.56 49.38

338.35 29.2866.78451.7864.0649.38212.26 2003/04 338.60 46.40

383.88 30.7074.35502.9872.7046.40219.05 2004/05 368.93 59.71

394.32 31.8275.81529.3475.3259.71221.18 2005/06 387.07 66.46

406.00 31.8083.09553.0780.6266.46222.86 2006/07 394.84 75.14

391.65 31.6991.35556.8290.0275.14218.82 2007/08 402.46 63.01

399.54 33.6094.57556.4593.9063.01230.32 2008/09 404.19 57.68

447.24 34.69106.92606.59101.6757.68235.90 2009/10 424.57 75.10

460.92 36.06108.36639.73103.7275.10244.73 2010/11 445.88 85.49

447.66 36.43111.03644.96111.8285.49248.59 2011/12 466.49 67.44

475.74 36.44118.15656.45113.2767.44255.25 2012/13 469.00 69.31

504.22 37.27133.86703.87130.3469.31258.83 2013/14 489.64 80.37

532.37 37.96135.72744.42131.6980.37264.64 2014/15 504.01 104.69

Major Protein Meals

182.57 0.3352.82241.2951.487.24nr 2001/02 180.53 7.94

185.75 0.3654.01247.2553.567.94nr 2002/03 186.21 7.03

191.15 0.3759.04255.9857.807.03nr 2003/04 189.36 7.59

206.50 0.3961.20273.5759.487.59nr 2004/05 204.69 7.68

216.83 0.3766.27289.9065.407.68nr 2005/06 215.07 8.56

223.74 0.4068.98299.1766.878.56nr 2006/07 220.85 9.34

231.41 0.4672.12310.4369.689.34nr 2007/08 229.06 9.25

229.04 0.4369.31305.8167.519.25nr 2008/09 229.37 7.13

243.77 0.4672.01319.7068.807.13nr 2009/10 239.13 8.56

256.47 0.4777.09339.1574.128.56nr 2010/11 251.26 10.80

267.06 0.5180.17355.2777.4110.80nr 2011/12 262.78 12.32

268.64 0.5178.09353.6572.6912.32nr 2012/13 264.37 11.19

281.33 0.5281.79370.5077.9811.19nr 2013/14 276.28 12.44

292.58 0.5485.23385.8680.8412.44nr 2014/15 287.63 13.00

Major Vegetable Oils

93.01 80.3533.29134.4230.8310.5810.94 2001/02 90.85 10.28

96.29 83.0436.59141.4634.8910.2811.27 2002/03 94.82 10.04

103.06 87.0940.01150.8037.7010.0411.98 2003/04 100.35 10.44

111.87 91.5243.91163.2040.8910.4412.70 2004/05 107.23 12.05

119.23 94.4948.65175.7444.4612.0513.45 2005/06 113.97 13.12

121.94 96.3950.44182.4047.3413.1214.03 2006/07 118.99 12.97

129.02 99.5754.52192.7350.7412.9714.50 2007/08 125.39 12.82

134.08 102.7756.75201.4654.5612.8215.36 2008/09 130.88 13.84

141.34 107.2159.10211.5756.4013.8416.24 2009/10 137.96 14.51

148.43 111.4860.73220.9658.0114.5116.91 2010/11 144.99 15.24

157.18 115.2364.92234.2561.8415.2417.49 2011/12 151.41 17.91

160.76 120.0668.51243.2764.6017.9118.16 2012/13 157.21 17.56

170.39 124.7368.93252.8064.8517.5618.85 2013/14 165.60 18.27

176.06 129.7470.90262.5268.1918.2719.56 2014/15 173.54 18.09

Based on the aggregate of different marketing years

January 2015

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Table 16: World Soybeans and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean

184.92 157.7853.01272.4554.3633.1779.61 2001/02 184.28 35.16

196.94 165.0761.32294.9962.8835.1681.62 2002/03 191.11 42.55

186.78 163.5456.05283.3654.0442.5588.58 2003/04 188.91 38.41

215.90 175.2964.75317.8663.5638.4193.35 2004/05 204.44 48.67

220.87 185.9863.85333.6464.1048.6793.12 2005/06 215.83 53.95

236.31 195.5871.14359.1768.9153.9594.57 2006/07 225.06 62.97

219.02 202.2978.32360.3678.3762.9790.85 2007/08 229.56 52.49

212.08 193.6277.21342.0077.4352.4996.44 2008/09 221.76 43.02

260.56 209.5891.44390.4086.8243.02102.56 2009/10 238.51 60.45

264.25 221.3191.70413.4688.7660.45103.36 2010/11 251.23 70.52

240.49 228.3392.16404.4793.4570.52103.14 2011/12 258.09 54.22

268.77 230.19100.53418.8895.8954.22109.32 2012/13 261.20 57.15

283.74 240.32112.83451.39110.5157.15113.33 2013/14 272.40 66.16

314.37 252.53116.49493.52112.9966.16117.98 2014/15 286.25 90.78

Meal, Soybean

124.87 157.8941.78170.8140.515.43nr 2001/02 123.18 5.84

130.23 165.0743.04178.4842.415.84nr 2002/03 129.92 5.52

128.92 163.5546.08179.3644.925.52nr 2003/04 127.64 5.64

138.62 175.3047.70190.2846.025.64nr 2004/05 136.74 5.84

146.43 186.0052.25203.7051.435.84nr 2005/06 145.30 6.15

153.82 195.6054.70212.7952.816.15nr 2006/07 150.99 7.09

158.75 202.3356.06220.7054.867.09nr 2007/08 157.45 7.19

152.17 193.8052.84211.0451.697.19nr 2008/09 153.26 4.94

165.28 209.9255.61223.7053.484.94nr 2009/10 161.42 6.68

174.43 221.7558.55238.0156.916.68nr 2010/11 171.08 8.39

180.45 228.8358.28245.8857.058.39nr 2011/12 177.76 9.85

181.29 230.7157.84244.9953.859.85nr 2012/13 177.49 9.66

188.78 240.8659.63255.7457.309.66nr 2013/14 185.68 10.42

199.49 253.1063.51270.2060.2910.42nr 2014/15 195.56 11.14

Oil, Soybean

28.95 157.888.2539.607.553.10nr 2001/02 28.10 3.25

30.58 165.078.8142.048.213.25nr 2002/03 30.11 3.12

30.24 163.548.7041.768.393.12nr 2003/04 30.30 2.75

32.57 175.299.0644.188.862.75nr 2004/05 31.83 3.29

34.86 185.989.7947.239.083.29nr 2005/06 33.54 3.90

36.43 195.5810.5350.319.973.90nr 2006/07 35.71 4.06

37.74 202.3110.8452.2010.404.06nr 2007/08 37.52 3.84

35.94 193.789.1848.959.173.84nr 2008/09 36.38 3.38

38.85 209.909.1650.958.723.38nr 2009/10 38.22 3.58

41.40 221.739.6454.499.513.58nr 2010/11 40.75 4.09

42.73 228.788.4754.787.954.09nr 2011/12 42.25 4.06

43.10 230.669.3355.628.464.06nr 2012/13 42.63 3.65

44.86 240.829.2357.719.203.65nr 2013/14 45.27 3.21

47.15 253.059.4559.569.203.21nr 2014/15 46.73 3.39

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

January 2015

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Table 17: World Rapeseed and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Oilseed, Rapeseed

36.03 0.394.9043.674.952.6923.30 2001/02 35.93 2.85

33.29 0.414.1340.164.022.8522.10 2002/03 33.83 2.20

39.48 0.425.5346.825.142.2025.49 2003/04 38.91 2.38

46.16 0.444.9153.545.002.3826.71 2004/05 43.35 5.29

48.60 0.456.9860.546.665.2927.29 2005/06 47.78 5.79

45.02 0.476.6357.806.995.7926.42 2006/07 46.09 5.08

48.60 0.488.1661.227.545.0828.29 2007/08 49.11 3.95

57.86 0.5012.1373.9312.113.9531.03 2008/09 54.52 7.28

60.99 0.5210.8479.0210.747.2831.43 2009/10 59.28 8.89

60.56 0.5410.8779.5510.108.8933.82 2010/11 60.35 8.33

61.57 0.6312.9283.0913.188.3334.12 2011/12 63.57 6.60

63.76 0.6612.4583.0212.666.6036.30 2012/13 65.44 5.13

71.15 0.7515.1191.1714.895.1336.13 2013/14 69.37 6.69

71.94 0.8013.7692.2413.626.6936.36 2014/15 71.07 7.41

Meal, Rapeseed

19.95 0.001.5221.811.540.33nr 2001/02 19.95 0.34

18.82 0.001.6220.901.730.34nr 2002/03 18.96 0.32

21.76 0.002.4924.572.490.32nr 2003/04 21.59 0.49

24.23 0.002.2427.022.300.49nr 2004/05 24.43 0.35

26.50 0.002.5129.402.550.35nr 2005/06 26.30 0.60

25.70 0.002.9629.353.050.60nr 2006/07 26.10 0.29

27.62 0.003.6931.463.550.29nr 2007/08 27.47 0.30

30.69 0.003.5834.573.580.30nr 2008/09 30.74 0.25

33.39 0.003.4837.273.620.25nr 2009/10 33.33 0.45

34.04 0.005.1039.464.970.45nr 2010/11 33.86 0.51

35.69 0.005.4041.295.090.51nr 2011/12 35.34 0.56

36.90 0.005.3242.655.200.56nr 2012/13 36.97 0.36

39.21 0.006.0445.545.970.36nr 2013/14 39.05 0.45

40.02 0.005.7946.155.690.45nr 2014/15 39.82 0.54

Oil, Rapeseed

13.09 12.081.0315.001.120.79nr 2001/02 13.26 0.72

12.27 11.060.9113.880.890.72nr 2002/03 12.40 0.57

14.18 12.521.3316.111.360.57nr 2003/04 14.41 0.38

15.79 12.901.2917.371.200.38nr 2004/05 15.59 0.48

17.52 13.221.6519.471.470.48nr 2005/06 17.12 0.70

17.19 12.591.9920.092.200.70nr 2006/07 17.56 0.54

18.52 13.101.9021.082.030.54nr 2007/08 18.35 0.83

20.59 14.092.4423.862.440.83nr 2008/09 20.45 0.97

22.50 14.772.7626.402.920.97nr 2009/10 22.08 1.57

23.03 15.723.4227.933.331.57nr 2010/11 23.27 1.24

24.10 16.093.9729.354.011.24nr 2011/12 23.68 1.69

24.92 16.433.9530.483.871.69nr 2012/13 23.72 2.81

26.43 17.183.7532.933.692.81nr 2013/14 25.51 3.68

27.06 18.614.0834.914.173.68nr 2014/15 27.17 3.66

Based on the aggregate of different marketing years.

January 2015

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Table 18: World Sunflower and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Exports Domestic

Consumpti

Ending

Stocks

Oilseed, Sunflowerseed

21.42 1.9221.331.201.111.9218.83 2001/02

23.95 2.4823.211.551.371.9220.18 2002/03

26.88 3.2526.032.262.192.4823.00 2003/04

25.32 2.8625.631.231.143.2520.82 2004/05

30.24 3.4029.571.521.382.8622.78 2005/06

30.17 4.0329.401.911.773.4023.42 2006/07

27.37 3.7227.451.461.234.0321.00 2007/08

33.28 3.9532.772.151.863.7223.65 2008/09

31.77 2.7132.951.551.483.9522.90 2009/10

33.07 2.4433.131.781.572.7122.93 2010/11

39.68 2.3539.491.921.642.4424.84 2011/12

35.97 2.6335.561.441.312.3523.77 2012/13

42.91 3.2941.842.031.622.6324.66 2013/14

39.95 2.5040.532.111.903.2923.89 2014/15

Meal, Sunflowerseed

8.33 0.338.212.111.910.41nr 2001/02

8.99 0.179.042.312.200.33nr 2002/03

10.23 0.219.992.852.650.17nr 2003/04

9.97 0.229.752.762.550.21nr 2004/05

11.51 0.3311.143.543.280.22nr 2005/06

11.52 0.2611.403.473.290.33nr 2006/07

10.74 0.2810.213.282.770.26nr 2007/08

12.78 0.6112.144.273.960.28nr 2008/09

12.94 0.6412.304.113.490.61nr 2009/10

12.99 0.6612.234.593.860.64nr 2010/11

15.66 1.1314.536.766.100.66nr 2011/12

14.02 0.4514.325.104.721.13nr 2012/13

16.60 0.8115.496.215.470.45nr 2013/14

16.11 0.7315.955.865.610.81nr 2014/15

Oil, Sunflowerseed

7.44 0.667.671.931.811.01nr 2001/02

8.12 0.737.732.311.990.66nr 2002/03

9.21 0.738.502.681.960.73nr 2003/04

9.16 0.958.532.582.170.73nr 2004/05

10.66 1.129.873.923.300.95nr 2005/06

10.75 0.9510.194.053.321.12nr 2006/07

10.18 1.029.323.522.730.95nr 2007/08

12.01 1.7310.804.544.051.02nr 2008/09

12.14 1.4811.634.503.731.73nr 2009/10

12.21 1.1011.704.533.651.48nr 2010/11

14.73 2.1412.896.475.661.10nr 2011/12

13.27 1.7313.105.484.902.14nr 2012/13

15.75 2.0914.897.156.651.73nr 2013/14

15.26 1.7115.256.676.282.09nr 2014/15

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

January 2015

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

Million Metric Tons

Beginning

Stocks

Production Imports Total

Supply

Exports Industrial

Dom.

Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Oil, Palm

16.50 20.003.5817.9245.3625.353.51 2001/02 24.11 3.33

19.67 21.864.3820.4050.6427.643.33 2002/03 26.77 3.47

21.91 22.885.0922.6955.3429.963.47 2003/04 28.49 4.16

24.32 24.656.2725.9061.9433.464.16 2004/05 31.46 4.59

26.09 25.807.2228.0666.4535.774.59 2005/06 33.56 4.83

27.00 27.227.8328.5469.1937.364.83 2006/07 35.56 5.08

30.76 30.029.1232.6477.0341.195.08 2007/08 39.73 4.65

34.13 31.9110.0535.2282.9744.194.65 2008/09 42.60 5.16

35.42 33.6610.2536.5786.6846.115.16 2009/10 44.56 5.56

36.49 35.2511.4937.4690.8848.845.56 2010/11 47.34 6.09

38.99 36.5912.5340.0897.1952.116.09 2011/12 49.82 7.29

41.85 39.5614.2643.42105.2856.147.29 2012/13 54.53 7.34

40.55 39.8815.9343.07106.9459.067.34 2013/14 56.58 7.30

43.37 42.3317.5844.89113.4662.797.30 2014/15 60.73 7.84

Oil, Coconut

1.83 1.801.251.795.473.150.49 2001/02 3.19 0.49

1.89 1.801.251.735.513.130.49 2002/03 3.15 0.62

1.68 1.741.411.795.573.270.62 2003/04 3.27 0.51

1.91 1.801.402.085.853.430.51 2004/05 3.29 0.48

2.03 1.831.462.055.933.420.48 2005/06 3.42 0.45

1.87 1.761.461.745.523.200.45 2006/07 3.30 0.48

1.90 1.851.511.935.833.460.48 2007/08 3.38 0.53

1.66 1.721.551.485.613.430.53 2008/09 3.29 0.85

2.28 2.151.672.176.663.520.85 2009/10 3.84 0.64

1.78 1.971.691.716.133.710.64 2010/11 3.67 0.75

1.82 1.981.541.885.993.410.75 2011/12 3.53 0.57

1.87 2.041.721.916.103.660.57 2012/13 3.77 0.42

1.70 1.931.641.635.573.450.42 2013/14 3.58 0.36

1.72 1.891.651.685.503.430.36 2014/15 3.56 0.27

Meal, Fish

3.23 0.000.063.069.555.710.61 2001/02 5.55 0.94

2.85 0.000.052.858.524.730.94 2002/03 5.07 0.60

3.12 0.000.053.209.265.540.60 2003/04 5.28 0.77

3.60 0.000.063.659.905.520.77 2004/05 5.60 0.66

2.95 0.000.052.728.384.770.66 2005/06 5.02 0.63

2.69 0.000.052.598.284.960.63 2006/07 4.83 0.85

3.01 0.000.052.858.885.020.85 2007/08 5.31 0.72

3.11 0.000.052.958.734.910.72 2008/09 5.22 0.57

2.63 0.000.052.277.123.920.57 2009/10 4.67 0.19

2.66 0.000.052.497.865.010.19 2010/11 4.76 0.61

2.92 0.000.052.527.644.110.61 2011/12 4.92 0.20

2.35 0.000.052.136.904.350.20 2012/13 4.47 0.31

2.62 0.000.052.327.144.220.31 2013/14 4.63 0.19

2.50 0.000.052.276.994.300.19 2014/15 4.56 0.16

Based on the aggregate of different marketing years.

January 2015

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

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Major Oilseeds

89,832 50,63129,96698,3056537,82037,323 2001/02 61,466 6,873

83,935 47,50529,43391,3585506,87336,284 2002/03 56,090 5,835

76,604 45,53925,15882,9425035,83536,041 2003/04 53,632 4,152

95,944 50,16730,708100,7776814,15236,808 2004/05 61,780 8,289

95,670 51,89726,611104,6236648,28936,587 2005/06 63,811 14,201

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

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

89,201 49,34335,69497,4051,2956,90935,265 2008/09 56,092 5,619

98,951 51,48241,691105,6361,0665,61935,512 2009/10 58,401 5,544

100,432 49,32341,937106,9219455,54437,179 2010/11 57,665 7,319

92,442 50,31637,783101,0671,3067,31935,135 2011/12 57,672 5,612

93,323 50,22736,873100,7051,7705,61236,682 2012/13 58,068 5,764

99,016 51,46645,789107,9493,1695,76435,439 2013/14 58,209 3,951

117,343 53,17349,196122,7431,4493,95139,318 2014/15 60,833 12,714

Major Protein Meals

38,890 50,6317,52440,3471,060397nr 2001/02 32,537 286

36,585 47,5055,92438,0651,194286nr 2002/03 31,895 246

35,200 45,5394,94537,2821,836246nr 2003/04 32,064 273

39,246 50,1676,95441,0481,529273nr 2004/05 33,879 215

39,910 51,8977,60841,7781,653215nr 2005/06 33,809 361

41,449 53,4838,26443,5091,699361nr 2006/07 34,860 385

40,873 53,4958,70643,2381,980385nr 2007/08 34,199 333

37,722 49,3437,94039,8641,809333nr 2008/09 31,678 246

40,069 51,48210,30841,6581,343246nr 2009/10 31,009 341

38,051 49,3238,48740,6322,240341nr 2010/11 31,767 378

39,504 50,3169,17042,9133,031378nr 2011/12 33,407 336

38,686 50,22710,48842,4143,392336nr 2012/13 31,613 313

39,402 51,46610,75243,4563,741313nr 2013/14 32,413 291

41,563 53,17311,90045,5223,668291nr 2014/15 33,285 337

Major Vegetable Oils

9,681 50,6311,54912,9471,6271,6390 2001/02 10,093 1,305

9,197 47,5051,23812,0451,5431,3050 2002/03 9,885 922

8,779 45,53974011,6121,9119220 2003/04 10,077 795

9,769 50,16783812,4051,8417950 2004/05 10,443 1,124

10,423 51,89789913,9262,3791,1240 2005/06 11,230 1,797

10,455 53,4831,33314,7792,5271,7970 2006/07 11,705 1,741

10,545 53,4951,67915,3943,1081,7410 2007/08 12,251 1,464

9,670 49,3431,45714,3643,2301,4640 2008/09 11,170 1,737

10,062 51,4821,94815,1373,3381,7370 2009/10 11,198 1,991

9,777 49,3231,86115,3803,6121,9910 2010/11 11,909 1,610

10,033 50,3161,14615,4743,8311,6100 2011/12 12,784 1,544

10,229 50,2271,38715,5743,8011,5440 2012/13 13,028 1,159

10,437 51,4661,11515,6164,0201,1590 2013/14 13,525 976

10,732 53,1731,30315,8334,1259760 2014/15 13,492 1,038

Based on the aggregate of different marketing years

January 2015

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

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean

78,672 46,25928,94885,478636,74329,532 2001/02 50,867 5,663

75,010 43,94828,42380,8001275,66329,339 2002/03 47,524 4,853

66,783 41,63224,12871,7871514,85329,330 2003/04 44,600 3,059

85,019 46,16029,86088,2301523,05929,930 2004/05 51,410 6,960

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

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

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

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

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

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

84,291 46,34837,15690,5824395,85229,856 2011/12 48,816 4,610

82,791 45,96735,84688,5041,1034,61030,815 2012/13 48,833 3,825

91,389 47,19244,81597,1651,9513,82530,859 2013/14 49,847 2,503

108,014 48,44448,172110,9254082,50333,614 2014/15 51,594 11,159

Meal, Soybean

36,552 46,2597,27137,034134348nr 2001/02 29,545 218

34,649 43,9485,72835,024157218nr 2002/03 29,096 200

32,953 41,6324,69033,412259200nr 2003/04 28,531 191

36,936 46,1606,65937,261134191nr 2004/05 30,446 156

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

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

38,359 49,0818,38438,798128311nr 2007/08 30,148 266

35,473 45,2307,70835,81980266nr 2008/09 27,898 213

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

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

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

36,174 45,96710,13936,668222272nr 2012/13 26,280 249

36,909 47,19210,47837,463305249nr 2013/14 26,758 227

38,828 48,44411,61239,282227227nr 2014/15 27,398 272

Oil, Soybean

8,572 46,2591,1439,848211,255nr 2001/02 7,635 1,070

8,360 43,9481,0279,451211,070nr 2002/03 7,748 676

7,748 41,6324258,563139676nr 2003/04 7,650 488

8,782 46,1606009,28212488nr 2004/05 7,911 771

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

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

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

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

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

8,568 44,8511,46610,185721,545nr 2010/11 7,619 1,100

8,954 46,34866410,122681,100nr 2011/12 8,306 1,152

8,990 45,96798210,231891,152nr 2012/13 8,476 773

9,131 47,1928519,97975773nr 2013/14 8,599 529

9,324 48,4449539,92673529nr 2014/15 8,324 649

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

Oil are on an October/September MY.

January 2015

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

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

43,500 25,84216,07445,2571,10065716,350 2001/02 28,202 981

52,000 27,79619,98754,1051,12498118,448 2002/03 30,220 3,898

51,000 28,91419,25755,2623643,89821,520 2003/04 31,457 4,548

53,000 29,72822,79957,9003524,54822,917 2004/05 32,413 2,688

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

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

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

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

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

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

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

82,000 36,38842,82683,4732401,23327,700 2012/13 39,338 1,309

86,700 36,57045,80088,5845751,30930,100 2013/14 39,570 3,214

95,500 37,80047,12599,2645503,21431,500 2014/15 40,950 11,189

Meal, Soybean (Local)

20,392 25,84212,78321,082388302nr 2001/02 7,596 703

21,773 27,79613,54222,813337703nr 2002/03 8,292 979

22,330 28,91414,59623,536227979nr 2003/04 8,099 841

23,040 29,72814,25624,125244841nr 2004/05 9,133 736

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

24,420 31,51112,34625,429146863nr 2006/07 11,520 1,563

24,720 31,89512,70926,4261431,563nr 2007/08 12,000 1,717

23,850 30,77912,15325,653861,717nr 2008/09 12,200 1,300

27,670 35,70014,14729,055851,300nr 2009/10 13,143 1,765

28,880 37,26414,45230,696511,765nr 2010/11 14,000 2,244

28,080 36,23013,85430,339152,244nr 2011/12 14,200 2,285

28,200 36,38813,61930,515302,285nr 2012/13 14,196 2,700

28,200 36,57013,70030,925252,700nr 2013/14 14,500 2,725

29,165 37,80014,10031,915252,725nr 2014/15 14,800 3,015

Oil, Soybean (Local)

4,905 25,8422,1005,227140182nr 2001/02 2,936 191

5,349 27,7962,4055,58747191nr 2002/03 2,897 285

5,550 28,9142,5315,84914285nr 2003/04 2,970 348

5,705 29,7282,6976,0563348nr 2004/05 3,099 260

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

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

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

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

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

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

6,950 36,2301,6887,5432591nr 2011/12 5,415 440

6,980 36,3881,4107,4244440nr 2012/13 5,563 451

7,020 36,5701,2957,4710451nr 2013/14 5,920 256

7,260 37,8001,1707,5160256nr 2014/15 6,160 186

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

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

January 2015

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

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

30,000 22,3976,22130,84929755211,400 2001/02 23,537 1,091

35,500 24,8158,80936,9683771,09112,600 2002/03 26,075 2,084

33,000 25,0726,79935,8037192,08414,000 2003/04 26,472 2,532

39,000 29,56010,68642,2417092,53214,400 2004/05 31,000 555

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

48,800 35,96312,13351,8042,33666816,300 2006/07 37,598 2,073

46,200 31,88311,80351,2202,9472,07316,371 2007/08 33,543 5,874

32,000 28,5553,48638,0311575,87416,000 2008/09 30,275 4,270

54,500 39,19613,70158,77004,27018,600 2009/10 41,076 3,993

49,000 37,52110,38953,006133,99318,300 2010/11 39,351 3,266

40,100 30,6816,09843,36823,26617,577 2011/12 32,631 4,639

49,300 35,0047,81753,94124,63919,400 2012/13 37,504 8,620

54,000 36,2207,72162,62118,62019,800 2013/14 39,220 15,680

55,000 39,8508,30070,681115,68020,000 2014/15 42,950 19,431

Meal, Soybean (Local)

17,762 22,39717,57218,6830921nr 2001/02 329 782

19,667 24,81519,16220,4490782nr 2002/03 375 912

19,741 25,07219,07820,6552912nr 2003/04 492 1,085

23,350 29,56022,70324,43611,085nr 2004/05 530 1,203

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

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

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

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

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

29,181 37,52127,48531,44502,264nr 2010/11 1,035 2,925

23,946 30,68121,97326,87102,925nr 2011/12 1,400 3,498

27,147 35,00423,93730,64503,498nr 2012/13 1,800 4,908

27,975 36,22026,16032,88304,908nr 2013/14 1,900 4,823

30,985 39,85029,76035,80804,823nr 2014/15 2,050 3,998

Oil, Soybean (Local)

4,165 22,3973,6394,3760211nr 2001/02 357 380

4,672 24,8154,2455,0520380nr 2002/03 389 418

4,724 25,0724,4465,1420418nr 2003/04 392 304

5,558 29,5605,0825,8620304nr 2004/05 395 385

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

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

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

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

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

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

5,840 30,6813,4336,26635391nr 2011/12 2,620 213

6,615 35,0044,2816,88759213nr 2012/13 2,375 231

6,820 36,2204,1357,0565231nr 2013/14 2,734 187

7,610 39,8504,4307,7992187nr 2014/15 3,100 269

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

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

January 2015

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

Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14

Dec

2014/15

Jan

2014/15

none

Production none

4,604 Oilseed, Copra 4,249 4,547 4,322 4,273 4,273

11,127 Oilseed, Palm Kernel 11,881 12,816 13,621 14,489 14,489

1,343 Oilseed, Soybean 1,142 1,059 1,147 1,131 1,131

4,307 Other 4,004 3,838 4,041 4,051 4,051

21,381 Total 21,276 22,260 23,131 23,944 23,944

none

Imports none

137 Meal, Fish 146 140 153 150 150

419 Meal, Rapeseed 496 479 536 485 485

11,129 Meal, Soybean 11,415 12,489 13,137 13,797 13,797

442 Other 331 388 332 351 351

12,127 Total 12,388 13,496 14,158 14,783 14,783

none

Imports none

3,345 Oil, Palm 3,831 2,857 2,147 2,315 2,315

2 Oil, Rapeseed 4 4 4 4 4

260 Oil, Soybean 240 226 252 252 252

0 Oil, Sunflowerseed 0 0 0 0 0

786 Other 816 606 427 554 554

4,393 Total 4,891 3,693 2,830 3,125 3,125

none

Domestic Consumption none

585 Meal, Fish 590 560 511 513 513

419 Meal, Rapeseed 495 478 535 484 484

12,894 Meal, Soybean 13,979 14,840 15,543 16,228 16,228

2,772 Other 2,193 2,473 2,656 2,675 2,675

16,670 Total 17,257 18,351 19,245 19,900 19,900

none

Domestic Consumption none

11,767 Oil, Palm 12,646 13,772 15,598 17,459 17,459

2 Oil, Rapeseed 4 4 4 4 4

566 Oil, Soybean 552 501 525 550 550

202 Oil, Sunflowerseed 140 110 160 160 160

4,378 Other 4,700 5,085 5,331 5,719 5,719

16,915 Total 18,042 19,472 21,618 23,892 23,892

none

Industrial Dom. Cons. none

4,777 Oil, Palm 5,308 6,080 7,498 8,900 8,900

0 Oil, Rapeseed 0 0 0 0 0

75 Oil, Soybean 45 34 36 39 39

0 Oil, Sunflowerseed 0 0 0 0 0

3,126 Other 3,345 3,625 3,836 4,208 4,208

7,978 Total 8,698 9,739 11,370 13,147 13,147

none

Food Use Dom. Cons. none

6,686 Oil, Palm 6,994 7,322 7,680 8,089 8,089

2 Oil, Rapeseed 4 4 4 4 4

491 Oil, Soybean 507 467 489 511 511

202 Oil, Sunflowerseed 140 110 160 160 160

1,244 Other 1,347 1,452 1,487 1,503 1,503

8,625 Total 8,992 9,355 9,820 10,267 10,267

none

SME none

845 Meal, Fish 853 809 738 741 741

298 Meal, Rapeseed 352 340 381 344 344

12,894 Meal, Soybean 13,979 14,840 15,543 16,228 16,228

1,505 Other 1,261 1,366 1,462 1,475 1,475

15,542 Total 16,445 17,356 18,124 18,789 18,789

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

SME - 44 Percent Protein Soybean Meal Equivalent

January 2015

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Table 25: Middle East Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14

Dec

2014/15

Jan

2014/15

none

Production none

1,174 Oilseed, Cottonseed 1,602 1,330 1,106 1,219 1,219

0 Oilseed, Rapeseed 0 0 0 0 0

237 Oilseed, Soybean 222 246 313 327 327

1,092 Oilseed, Sunflowerseed 1,031 1,231 1,506 1,306 1,306

97 Other 90 120 140 120 120

2,600 Total 2,945 2,927 3,065 2,972 2,972

none

Imports none

48 Meal, Fish 62 73 91 86 86

93 Meal, Rapeseed 66 85 45 75 75

4,335 Meal, Soybean 5,010 4,820 5,291 5,936 5,866

838 Other 1,192 755 1,120 1,060 1,060

5,314 Total 6,330 5,733 6,547 7,157 7,087

none

Imports none

2,396 Oil, Palm 2,219 2,394 2,421 2,475 2,475

4 Oil, Rapeseed 2 2 5 2 2

945 Oil, Soybean 506 651 650 699 699

756 Oil, Sunflowerseed 1,320 1,139 1,710 1,505 1,505

55 Other 45 52 57 55 55

4,156 Total 4,092 4,238 4,843 4,736 4,736

none

Domestic Consumption none

53 Meal, Fish 61 81 96 91 91

497 Meal, Rapeseed 395 410 422 524 524

5,886 Meal, Soybean 5,756 5,761 6,474 6,981 6,954

1,956 Other 2,369 2,163 2,401 2,382 2,382

8,392 Total 8,581 8,415 9,393 9,978 9,951

none

Domestic Consumption none

1,786 Oil, Palm 1,809 2,000 1,998 2,115 2,115

122 Oil, Rapeseed 81 80 101 140 140

988 Oil, Soybean 875 874 920 964 982

1,250 Oil, Sunflowerseed 1,504 1,603 1,936 2,091 2,091

547 Other 584 523 553 548 548

4,693 Total 4,853 5,080 5,508 5,858 5,876

none

Industrial Dom. Cons. none

154 Oil, Palm 150 160 180 180 180

35 Oil, Rapeseed 31 23 31 33 33

64 Oil, Soybean 61 62 82 82 87

26 Oil, Sunflowerseed 25 25 25 25 25

55 Other 45 52 47 47 47

334 Total 312 322 365 367 372

none

Food Use Dom. Cons. none

1,632 Oil, Palm 1,659 1,840 1,818 1,935 1,935

87 Oil, Rapeseed 50 57 70 107 107

904 Oil, Soybean 799 797 815 862 875

1,204 Oil, Sunflowerseed 1,457 1,553 1,881 2,036 2,036

492 Other 539 471 506 501 501

4,319 Total 4,504 4,718 5,090 5,441 5,454

none

SME none

77 Meal, Fish 88 117 139 131 131

354 Meal, Rapeseed 281 292 300 373 373

5,886 Meal, Soybean 5,756 5,761 6,474 6,981 6,954

1,767 Other 2,145 1,957 2,192 2,175 2,175

8,083 Total 8,270 8,127 9,105 9,660 9,633

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

Arab Emirates, West Banks, and Yemen.

SME - 44 Percent Protein Soybean Meal Equivalent

January 2015

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Table 26: European Union Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14

Dec

2014/15

Jan

2014/15

none

Production none

20,782 Oilseed, Rapeseed 19,240 19,631 21,102 24,050 24,077

1,198 Oilseed, Soybean 1,220 948 1,229 1,575 1,715

6,959 Oilseed, Sunflowerseed 8,456 7,088 8,881 8,850 9,041

396 Other 531 484 479 517 517

29,335 Total 29,447 28,151 31,691 34,992 35,350

none

Imports none

355 Meal, Fish 466 330 380 400 380

230 Meal, Rapeseed 244 415 457 300 440

21,877 Meal, Soybean 20,872 16,941 18,175 19,800 19,300

4,579 Other 6,620 5,698 5,638 5,985 5,767

27,041 Total 28,202 23,384 24,650 26,485 25,887

none

Imports none

4,944 Oil, Palm 5,707 6,805 6,940 6,850 7,000

491 Oil, Rapeseed 607 210 296 250 270

906 Oil, Soybean 386 300 320 300 310

817 Oil, Sunflowerseed 992 942 1,039 850 850

1,375 Other 1,428 1,662 1,320 1,404 1,416

8,533 Total 9,120 9,919 9,915 9,654 9,846

none

Domestic Consumption none

633 Meal, Fish 677 551 600 610 600

12,224 Meal, Rapeseed 12,375 13,122 13,750 13,540 14,250

30,952 Meal, Soybean 29,670 27,123 28,495 29,042 29,442

7,715 Other 9,961 9,589 9,611 9,973 9,771

51,524 Total 52,683 50,385 52,456 53,165 54,063

none

Domestic Consumption none

5,110 Oil, Palm 5,523 6,560 6,791 6,675 6,840

9,516 Oil, Rapeseed 9,361 9,231 9,675 9,520 10,147

2,530 Oil, Soybean 2,109 1,908 1,980 1,810 2,070

3,541 Oil, Sunflowerseed 3,451 3,373 3,603 3,623 3,623

3,445 Other 3,427 3,112 3,107 3,261 2,865

24,142 Total 23,871 24,184 25,156 24,889 25,545

none

Industrial Dom. Cons. none

2,090 Oil, Palm 2,310 2,905 3,016 2,900 3,055

6,922 Oil, Rapeseed 6,750 6,650 7,450 7,000 7,675

1,350 Oil, Soybean 1,031 841 910 900 1,000

227 Oil, Sunflowerseed 233 220 250 220 250

492 Other 482 470 451 470 435

11,081 Total 10,806 11,086 12,077 11,490 12,415

none

Food Use Dom. Cons. none

2,797 Oil, Palm 2,950 3,380 3,500 3,500 3,500

2,584 Oil, Rapeseed 2,600 2,568 2,210 2,500 2,450

1,090 Oil, Soybean 1,010 1,000 1,000 860 1,000

3,311 Oil, Sunflowerseed 3,215 3,150 3,350 3,400 3,370

2,928 Other 2,919 2,614 2,633 2,771 2,407

12,710 Total 12,694 12,712 12,693 13,031 12,727

none

SME none

915 Meal, Fish 978 796 867 881 867

8,697 Meal, Rapeseed 8,805 9,336 9,783 9,634 10,139

30,952 Meal, Soybean 29,670 27,123 28,495 29,042 29,442

6,011 Other 7,775 7,481 7,735 7,864 7,799

46,575 Total 47,228 44,736 46,880 47,421 48,247

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

Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain,

Sweden, and United Kingdom.

January 2015

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Table 27: China Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14

Dec

2014/15

Jan

2014/15

none

Production none

15,644 Oilseed, Peanut 16,046 16,692 16,972 16,500 16,500

13,082 Oilseed, Rapeseed 13,426 14,007 14,458 14,700 14,700

15,080 Oilseed, Soybean 14,485 13,050 12,200 11,800 11,800

2,298 Oilseed, Sunflowerseed 2,313 2,323 2,450 2,500 2,500

11,953 Other 13,325 13,720 12,835 11,757 11,757

58,057 Total 59,595 59,792 58,915 57,257 57,257

none

Imports none

1,212 Meal, Fish 1,249 981 1,000 900 900

1,413 Meal, Rapeseed 666 106 314 100 100

294 Meal, Soybean 113 16 20 50 50

60 Other 4 9 60 30 30

2,979 Total 2,032 1,112 1,394 1,080 1,080

none

Imports none

5,711 Oil, Palm 5,841 6,589 5,573 6,300 6,300

68 Oil, Peanut 62 65 74 70 70

647 Oil, Rapeseed 1,036 1,598 902 1,400 1,400

1,319 Oil, Soybean 1,502 1,409 1,353 1,100 1,000

23 Oil, Sunflowerseed 122 362 531 500 500

618 Other 669 770 635 725 725

8,386 Total 9,232 10,793 9,068 10,095 9,995

none

Domestic Consumption none

1,553 Meal, Fish 1,624 1,368 1,407 1,340 1,340

10,317 Meal, Rapeseed 10,737 10,695 11,891 11,226 11,226

43,382 Meal, Soybean 47,435 50,091 52,534 57,354 57,354

7,751 Other 8,093 8,734 8,686 8,319 8,319

63,003 Total 67,889 70,888 74,518 78,239 78,239

none

Domestic Consumption none

5,797 Oil, Palm 5,841 6,389 5,749 6,210 6,210

2,432 Oil, Peanut 2,585 2,745 2,789 2,780 2,780

5,965 Oil, Rapeseed 6,255 6,316 7,025 7,655 7,655

11,409 Oil, Soybean 12,044 12,545 13,657 14,359 14,259

362 Oil, Sunflowerseed 469 838 1,021 955 955

2,026 Other 2,144 2,335 2,131 2,119 2,119

27,991 Total 29,338 31,168 32,372 34,078 33,978

none

Food Use Dom. Cons. none

3,717 Oil, Palm 3,691 4,189 3,599 3,960 3,960

2,432 Oil, Peanut 2,585 2,745 2,789 2,780 2,780

5,965 Oil, Rapeseed 6,255 6,316 7,025 7,655 7,655

11,409 Oil, Soybean 12,044 12,545 13,657 14,359 14,259

362 Oil, Sunflowerseed 469 838 1,021 955 955

1,605 Other 1,668 1,715 1,636 1,544 1,544

25,490 Total 26,712 28,348 29,727 31,253 31,153

none

SME none

2,244 Meal, Fish 2,347 1,977 2,033 1,936 1,936

7,341 Meal, Rapeseed 7,639 7,609 8,460 7,987 7,987

43,382 Meal, Soybean 47,435 50,091 52,534 57,354 57,354

7,306 Other 7,640 8,251 8,245 7,930 7,930

60,273 Total 65,061 67,928 71,273 75,207 75,207

SME - 44 Percent Protein Soybean Meal Equivalent

January 2015

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Table 28: India Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2010/11 2011/12 2012/13 2013/14

Dec

2014/15

Jan

2014/15

none

Production none

11,548 Oilseed, Cottonseed 12,312 12,100 12,950 13,200 12,900

5,850 Oilseed, Peanut 5,500 5,000 5,650 5,000 5,000

7,100 Oilseed, Rapeseed 6,200 6,800 7,300 7,500 7,500

10,100 Oilseed, Soybean 11,700 12,200 9,500 11,000 10,500

655 Oilseed, Sunflowerseed 620 700 670 650 650

698 Other 700 690 690 690 690

35,951 Total 37,032 37,490 36,760 38,040 37,240

none

Imports none

0 Oil, Cottonseed 0 0 0 0 0

6,661 Oil, Palm 7,473 8,308 7,847 8,900 8,900

0 Oil, Peanut 0 0 0 0 0

5 Oil, Rapeseed 98 8 160 150 150

945 Oil, Soybean 1,174 1,086 1,830 1,925 1,925

776 Oil, Sunflowerseed 1,114 939 1,528 1,450 1,450

195 Other 168 335 233 228 243

8,582 Total 10,027 10,676 11,598 12,653 12,668

none

Domestic Consumption none

3,694 Meal, Cottonseed 3,927 3,957 4,225 4,485 4,365

1,459 Meal, Peanut 1,362 1,385 1,435 1,405 1,405

2,485 Meal, Rapeseed 2,368 2,630 2,403 2,840 2,740

2,870 Meal, Soybean 3,280 3,490 4,050 4,275 4,215

256 Meal, Sunflowerseed 293 384 309 300 300

283 Other 290 274 280 280 280

11,047 Total 11,520 12,120 12,702 13,585 13,305

none

Domestic Consumption none

1,121 Oil, Cottonseed 1,227 1,238 1,295 1,385 1,345

7,080 Oil, Palm 7,425 8,225 8,200 9,000 9,000

1,256 Oil, Peanut 1,169 1,187 1,215 1,185 1,185

2,243 Oil, Rapeseed 2,323 2,400 2,605 2,800 2,800

2,610 Oil, Soybean 2,750 2,950 3,300 3,550 3,450

991 Oil, Sunflowerseed 1,280 1,180 1,680 1,700 1,700

614 Other 598 691 667 648 663

15,915 Total 16,772 17,871 18,962 20,268 20,143

none

Food Use Dom. Cons. none

1,080 Oil, Cottonseed 1,185 1,195 1,250 1,340 1,300

6,820 Oil, Palm 7,125 7,900 7,850 8,600 8,600

1,241 Oil, Peanut 1,159 1,177 1,205 1,175 1,175

2,203 Oil, Rapeseed 2,273 2,340 2,535 2,720 2,720

2,610 Oil, Soybean 2,750 2,950 3,300 3,550 3,450

991 Oil, Sunflowerseed 1,280 1,180 1,680 1,700 1,700

315 Other 308 340 330 330 330

15,260 Total 16,080 17,082 18,150 19,415 19,275

none

SME none

2,993 Meal, Cottonseed 3,182 3,206 3,424 3,634 3,537

1,640 Meal, Peanut 1,531 1,557 1,613 1,579 1,579

1,768 Meal, Rapeseed 1,685 1,871 1,710 2,021 1,950

2,870 Meal, Soybean 3,280 3,490 4,050 4,275 4,215

242 Meal, Sunflowerseed 277 363 292 283 283

126 Other 130 123 125 125 125

9,639 Total 10,084 10,610 11,213 11,918 11,689

SME - 44 Percent Protein Soybean Meal Equivalent

January 2015

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Year Rapeseed CopraBeg U.S. U.S. Brz Arg Rott U.S. Rott U.S. Rott Hamb RottOct 1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/

Oct - Sep Average03/04-12/13 357 367 388 386 430 492 1364 431 472 454 633

2003/04 291 294 277 285 323 425 976 282 321 317 4242004/05 217 214 232 228 277 402 915 316 313 262 4312005/06 205 202 228 227 261 383 857 261 291 292 3872006/07 254 264 279 279 335 394 1,128 343 401 375 5372007/08 414 452 472 469 550 458 1,688 532 745 644 8672008/09 368 365 403 392 421 517 1,204 461 364 393 4872009/10 354 357 390 395 429 467 1,209 342 452 419 6132010/11 454 482 508 511 549 508 1,792 591 661 647 11882011/12 488 505 549 533 562 729 2,480 632 593 616 8292012/13 530 537 538 543 592 635 1,391 546 580 579 570

2013/14 Oct 459 467 550 530 544 573 1,370 507 468 513 663 Nov 467 472 N/A 539 553 586 1,370 459 478 509 865 Dec 478 487 502 550 568 542 1,370 414 495 512 846 Jan 474 476 492 525 566 560 1,360 448 477 496 848 Feb 485 493 502 545 590 536 1,320 505 492 525 915 Mar 503 519 518 537 N/A 551 1,300 474 524 598 926 Apr 525 547 531 530 N/A 534 1,243 492 515 573 905 May 529 549 535 531 N/A 522 1,205 531 466 535 930 Jun 525 531 527 513 N/A 441 1,228 500 449 518 934 Jul 481 472 510 483 N/A 478 1,260 487 425 437 861 Aug 456 455 506 479 N/A 487 1,260 494 401 427 770 Sep 401 381 484 438 432 474 1,308 445 403 411 785 Average 482 487 514 517 542 524 1,300 480 466 505 854

2014/15 Oct 366 343 403 424 425 463 1,342 503 419 412 769 Nov 375 373 417 457 449 472 1,370 437 443 418 795*Dec 375 377 414 459 443 454 1,360 452 464 428 813 Jan Feb Mar Apr May Jun Jul Aug Sep Average 372 364 411 447 439 463 1,357 464 442 419 792

7/ Rotterdam CIF; US Runners 40/50%, Shelled Basis, Oilworld. 8/ US Farm Price; USDA9/ Rotterdam/Amsterdam CIF; EU; Oil World 10/Hamburg CIF; Europe "00"; Oil World.

* Preliminary 1/12/2015 11:20:42 AM

3/ Brazil Paranagua, FOB; IGC 4/ Argentina Up River, FOB; IGC5/ Rotterdam CIF; US origin; Oil World. 6/ US Farm Price, Inshell, USDA.

11/ Phil/Indo CIF NW Europe; Oil World

Table 29: Oilseed Prices U.S. Dollars per Metric Ton

Soybean Peanut Sunseed

1/ U.S. Farm Price; USDA. 2/ U.S. NO.1 Yellow Cash Central Illinois; AMS.

January 2015

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Year FishBeg U.S. Brz Arg Hamb U.S. Rott HambOct 1 1/ 2/ 3/ 4/ 6/ 7/ 8/

Oct - Sep Average03/04-12/13 331 307 292 367 172 210 1236

2003/04 282 211 188 273 122 149 6492004/05 202 172 157 231 94 120 6652005/06 192 176 158 215 85 122 10602006/07 226 199 181 276 116 178 12202007/08 370 337 299 469 191 298 11462008/09 365 333 290 401 168 178 1,1032009/10 343 327 311 391 167 222 1,6682010/11 381 383 386 418 242 254 1,6072011/12 434 442 442 461 272 263 1,4482012/13 516 489 506 538 266 318 1,791

2013/14 Oct 489 563 534 555 260 313 1,644 Nov 497 542 520 541 272 322 1,600 Dec 549 513 543 548 306 324 1,553 Jan 529 476 517 539 313 298 1,531 Feb 561 494 543 571 314 313 1,564 Mar 546 511 532 582 299 337 1,653 Apr 567 516 519 563 295 350 1,658 May 573 522 533 547 292 343 1,651 Jun 553 500 527 531 276 321 1,765 Jul 497 463 454 477 212 298 1,806 Aug 540 461 470 485 167 282 1,773 Sep 580 442 411 456 154 281 1,723 Average 540 500 509 533 263 315 1,660

2014/15 Oct 421 411 414 440 179 263 1,770 Nov 487 434 445 460 229 289 1,836*Dec 476 436 439 453 270 290 1,890 Jan Feb Mar Apr May Jun Jul Aug Sep Average 461 427 433 451 226 281 1,832

1/ Decatur, Average Wholsale 48% Protein; USDA. 2/ Brazil Paranagua, FOB; 48% Protein; IGC.3/ Argentina Pellets, Up River, FOB; IGC; 4/ Hanburg FOB 44/45% Ex-Mill; Oil World.5/ Memphis FOB; 41% Protein Solvent Extraction; USDA; 6/ Minneapolis FOB; 32% Protein; USDA.7/ HiPro a.o. cif France (Beg Sep 2013); Ukraine DAF (Beg. Aug 2012); Rotterdam CIF; Argentina Pellet 37-38% (Prior to Aug 2012); Oil World. 8/ Bremen 64-65% Protein; Oil World.9/ Hamburg FOB; Ex-Mill 34% Protein; Oil World.* Preliminary

266

1/12/2015 11:20:42 AM

257263278

272266265323

395375337299

316336335358

278295

317

353

184298195221

367

365

RapeseedHamb

9/

226

178131129

398416

382345

460455396342

414429442447

303

391380443

281244302

366

137159166280

U.S.5/

244

202

Table 30: Protein Meal Prices U.S. Dollars per Metric Ton

Soybean SunseedCottonseed

January 2015

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Year Cottonseed Palm Canola Coconut CornBegin U.S. Brz Arg Rott U.S. U.S. Rott U.S. Rott Malay Rott Rott U.S.Oct 1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/ 12/ 13/

Oct - Sep Average03/04-12/13 837 834 830 925 951 1,334 1,013 1,583 1,525 740 991 950 921

2003/04 661 567 542 633 688 738 663 1,317 1,178 481 670 630 6252004/05 507 466 471 545 609 962 703 1,171 1,102 392 660 636 6142005/06 516 474 467 573 649 896 635 981 931 416 770 583 5552006/07 684 673 667 771 787 1,279 846 1,253 1,219 655 852 812 7012007/08 1,147 1,190 1,191 1,327 1,622 2,010 1,639 2,225 2,018 1,058 1,410 1,306 1,5292008/09 709 740 741 826 820 1,108 837 1,539 1,339 633 868 735 7222009/10 793 848 829 924 888 1,164 956 1,353 1,291 793 927 921 8662010/11 1,173 1,210 1,211 1,306 1,202 1,899 1,404 1,806 1,751 1,154 1,367 1,772 1,3312011/12 1,144 1,162 1,164 1,241 1,173 1,834 1,254 2,247 2,455 1,032 1,258 1,244 1,2362012/13 1,039 1,012 1,014 1,098 1,071 1,452 1,189 1,934 1,963 791 1,127 858 1,029

2013/14 Oct 878 915 908 987 908 1,334 988 1,786 1,575 795 1,011 985 834 Nov 873 924 932 996 927 1,265 998 1,735 1,543 835 1,025 1,270 855 Dec 830 884 895 989 952 1,257 982 1,662 1,493 813 1,012 1,269 845 Jan 771 841 848 943 1,038 1,257 920 1,448 1,410 796 952 1,270 855 Feb 818 878 879 985 1,274 1,257 945 1,368 1,303 846 976 1,365 905 Mar 900 922 904 1,002 1,542 1,279 964 1,302 1,221 890 1,019 1,394 952 Apr 923 909 880 999 1,653 1,301 941 1,273 1,174 858 1,018 1,356 925 May 897 880 861 966 1,857 1,301 943 1,261 1,200 828 958 1,411 904 Jun 878 880 879 936 1,837 1,268 928 1,284 1,310 793 922 1,402 882 Jul 829 861 858 888 1,613 1,345 887 1,293 1,325 782 875 1,260 860 Aug 772 804 825 857 1,350 1,389 828 1,385 1,350 701 853 1,172 838 Sep 749 751 772 851 1,094 1,389 823 1,361 1,360 694 828 1,181 775 Average 843 871 870 950 1,337 1,304 929 1,430 1,355 803 954 1,278 869

2014/15 Oct 752 764 770 836 914 1,389 874 1,322 1,365 693 836 1,150 761 Nov 737 765 772 830 898 1,361 892 1,337 1,368 693 836 1,194 749*Dec 718 772 772 820 889 1,279 877 1,326 1,370 656 814 1,217 743 Jan Feb Mar Apr May Jun Jul Aug Sep Average 736 767 771 829 900 1,343 881 1,328 1,368 681 829 1,187 7511/ Decatur; Average Wholesale Tank Crude; USDA. 2/ Brazil Paranagua, FOB Crude; IGC.3/ Argentina Up River, FOB Crude; IGC 4/ Dutch FOB; Ex-Mill; Oil World. 5/ PBSY Greenwood MS; USDA. 6/ Minneapolis FOB; USDA. 7/ EU FOB NW Euro; Oil World. 8/ South East Mills FOB; Tank Cars Crude; USDA. 9/ Rotterdam CIF; Any Origin; Oil World. 10/ Malaysia FOB; RBD; Oil World. 11/ Rotterdam, Dutch FOBEx-Mill; Oilworld. 12/ Rotterdam CIF; Phil/Indo; Oil World. 13/ Chicago; Crude; AMS * Preliminary

Table 31: Vegetable Oil Prices U.S. Dollars per Metric Ton

1/12/2015 11:20:42 AM

Soybean Sunseed Peanut

January 2015