Grain: World Markets and Trade, November 2006

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Foreign Agricultural Service Circular Series
FG 11-06
November 2006

Read the notice regarding the latest changes to the Circular

Short crops around the world this year, combined with strengthening demand, are shrinking global grain stocks and causing prices to soar to the highest levels in a decade. Wheat prices have climbed as exportable supplies are sharply down in key Northern Hemisphere exporters such as the United States, Black Sea region, and the European Union. This tightness has been exacerbated by a severe crop shortfall in Australia and strong import demand in India.

Surging corn prices are being driven by a smaller U.S. crop and strong demand for use in ethanol and exports. Barley prices have also jumped to decade highs as a result of sharply lower exportable supplies in Australia--the largest exporter the past 3 years--as well as strengthening feed demand in light of poor wheat crops. Sorghum prices are also strong as U.S. production has fallen to the lowest level in 60 years, and this is curtailing export availability.

TABLE OF CONTENTS                                                                    Complete Grain Report in PDF
Grain World Markets and Trade Commodity Data

All Grains Summary: Global snapshot of grains production, consumption, stocks and trade

Wheat

Monthly Commentary: Wheat: World Markets and Trade

Table 1: World Wheat, Flour, and Products Trade

Table 2: World Wheat Production, Consumption, and Stocks

Table 3: Regional Wheat Imports, Production, Consumption, and Stocks

Rice

Monthly Commentary: Rice: World Markets and Trade

Table 1: World Rice Trade

Table 2: World Rice Production, Consumption, and Stocks

Table 3: Regional Rice Imports, Production, Consumption, and Stocks

Coarse Grains

Monthly Commentary: Coarse Grains: World Markets and Trade

Table 1: World Coarse Grain Trade

Table 2: World Coarse Grains Production, Consumption, and Stocks

Table 3: Regional Coarse Grain Imports, Production, Consumption, and Stocks

Table 4: World Corn Trade

Table 5: World Corn Production, Consumption, and Stocks

Table 6: Regional Corn Imports, Production, Consumption, and Stocks

Table 7: World Barley Trade

Table 8: World Barley Production, Consumption, and Stocks

Table 9: Regional Barley Imports, Production, Consumption, and Stocks

Table 10: World Sorghum Trade

Table 11: World Sorghum Production, Consumption, and Stocks

Table 12: Regional Sorghum Imports, Production, Consumption, and Stocks

Table 13: World Oats Trade

Table 14: World Oats Production, Consumption, and Stocks

Table 15: Regional Oats Imports, Production, Consumption, and Stocks

Table 16: World Rye Trade

Table 17: World Rye Production, Consumption, and Stocks

Table 18: Regional Rye Imports, Production, Consumption, and Stocks

Historical Data Series

Table 1: European Union: Grain Supply and Demand

Table 2: China: Grain Supply and Demand

Table 3: Other Europe: Grain Supply and Demand

Table 4: Former Soviet Union: Grain Supply and Demand (Wheat and Coarse Grains)

Table 5: Former Soviet Union: Grain Supply and Demand (Wheat)

Table 6: Former Soviet Union: Grain Supply and Demand (Corn)

Table 7: Former Soviet Union: Grain Supply and Demand (Barley)

Table 8: Wheat Supply and Disappearance: Selected Exporters

Table 9: Corn Supply and Disappearance: Selected Exporters

Table 10: Barley Supply and Disappearance: Selected Exporters

Table 11: Sorghum Supply and Disappearance: Selected Exporters

Table 12: U.S. Grains Supply and Distribution: Wheat, Corn, Sorghum, Barley, Oats, Rye, and Rice

Table 13: Total Wheat and Coarse Grains: Supply and Demand

Table 14: World Wheat and Coarse Grains: Supply and Demand

Table 15: World Corn and Barley: Supply and Demand

Table 16: World Rice: Supply and Demand

Endnotes: Regional Table Definitions and other notes.

Additional Resources

Production, Supply and Demand Database Online (PSD Online)

World Agricultural Supply and Demand Estimates (WASDE)

Interagency Commodity Estimates Committees (ICEC)

CIRCULAR MODIFICATIONS - CHANGES IN RELEASE TIMES

Starting with the October release, data and the Circular will be available to the public at 12 noon (Washington, D.C. local time) the day following WASDE, i.e., 3 hours earlier than before. We hope to accelerate this schedule even further in the near future.

Your comments on the new Circular are welcome and can be sent to gfd@usda.gov. Thank you for the comments that we have already received. They have been very helpful.

September 2006

FAS released a new version of PSD Online on August 31, 2006. It retains all of the ease-of-use and functionality of the current version, while incorporating some new features. Samples of the new data attributes and format can be obtained from the FAS web site (http://www.fas.usda.gov/psdonline/psdHome.aspx).

The new system will allow us to overhaul this Circular so readers will notice a new look beginning in September. This revised format will be "in transition" over the next several months, as we make use of the expanded capabilities of the new PSD system. Your comments on the new Circular will be welcome and can be sent to gfd@usda.gov. We thank you in advance for your patience over the next few months.