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RPT-July 12 world grain highlights--USDA

Published 13/07/2016, 02:30 am
RPT-July 12 world grain highlights--USDA

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WASHINGTON, July 12 (Reuters) - July 12 (Reuters) - World grain production will total 2522.15 million tonnes in the 2016/17 crop year, up from a previous forecast of 2514.55 million, the U.S. Agriculture Department said on Tuesday.

World output for 2016/17 would include 738.51 million tonnes of wheat, 1302.40 million of coarse (feed) grains and 481.23 million of rice.

Oilseeds were pegged at 536.44 million tonnes.

The following are highlights from USDA's latest monthly World Agricultural Supply an Demand report, with the previous month's estimate for comparison:

WORLD SUPPLY AND DEMAND ESTIMATES

2016/17

2015/16

July

June

July WHEAT (mln tonnes)

Australia Crop

25.50 25.00

24.50

Australia Exports

17.50 17.00

16.40

Argentina Crop

15.00 14.50

11.30

Argentina Exports

9.00

8.50

8.80

EU Crop

156.50 157.50 160.01

EU Exports

34.00 35.50

33.00

Canada Crop

29.00 28.50

27.60

Canada Exports

20.50 20.00

22.00

China Crop

130.00 130.00 130.19

China Imports

3.50

3.20

3.30

FSU Crop

118.93 116.83 117.72

FSU Exports

45.63 44.13

50.38

SOYBEANS (mln tonnes)

Brazil Crop

103.00 103.00

96.50

Brazil Exports

59.70 59.70

57.20

Brazil Imports

0.30

0.30

0.35

Argentina Crop

57.00 57.00

56.50

Argentina Exports

10.65 10.65

11.40

China Imports

87.00 87.00

83.00

SOYOIL (mln tonnes)

China Imports

0.82

0.82

0.82

2016/17

2015/16

July

June

July CORN (mln tonnes)

Argentina Crop

34.00 34.00

28.00

Argentina Exports

23.00 23.00

19.00

S.Africa Crop

13.00 13.00

6.50

S.Africa Exports

1.50

1.50

0.70

China Crop

218.00 218.00 224.58

China Exports

0.02

0.02

0.02

China Imports

1.00

1.00

3.10

COTTON (mln bales)

China Crop

21.50 21.50

22.50

China End Stocks

51.70 54.70

60.80

China Exports

0.10

0.10

0.13

China Imports

4.50

4.50

4.50

India Crop

27.50 28.00

26.80

FORECASTS:

Trade estimates based on Reuters survey of U.S. grain market analysts (million tonnes):

Global grain ending stocks:

2016/2017 wheat:

258.82

2016/2017 corn:

205.56

2016/2017 soybeans: 67.01

Production, Argentina:

2015/2016 corn:

27.14

2015/2016 soybeans: 56.32

Production, Brazil:

2015/2016 corn:

73.90

2015/2016 soybeans: 96.39

Global grain ending stocks:

2015/2016 wheat:

242.98

2015/2016 corn:

205.67

2015/2016 soybeans: 71.53

To read the full text of USDA's monthly World Agricultural Supply and Demand Estimate Report, click on WASDE00 . To read the full text of USDA's quarterly Grain Stocks report, click on USDA04 .

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