World Grain - November 2021 - 42

FEATURE: RIDING THE BULL
2020-21*
GLOBAL GRAIN SUPPLY-DEMAND SUMMARY (in million tonnes and hectares)
WHEAT
Supply 2020-21
Beginning stocks ...... 297.6 (+5.5%)
Production ................. 775.8 (+1.6%)
Total Supply ............1267.9 (+2.8%)
Total Traded ..............199.5 (+2.7%)
MAIZE
Supply 2020-21
Beginning stocks ........306.0 (-5.1%)
Production .................1117.1 (-0.1%)
Total Supply ..............1608.2 (-0.1%)
Total Traded ..............179.5 (+4.1%)
SOYBEANS
Supply 2020-21
Beginning stocks ........95.9 (-16.3%)
Production ................. 363.2 (+6.9%)
Total Supply .............. 625.8 (+1.0%)
Total Traded ..............165.7 (+0.4%)
RICE
Supply 2020-21
Beginning stocks ...... 181.7 (+2.9%)
Production ................. 506.2 (+1.5%)
Total Supply ..............733.8 (+2.3%)
Total Traded ..............48.5 (+11.8%)
SORGHUM
Supply 2020-21
Beginning stocks ..........3.9 (-29.6%)
Production ................... 62.2 (+6.7%)
Total Supply ................ 75.7 (+9.1%)
Total Traded ..............10.3 (+59.2%)
BARLEY
Supply 2020-21
Beginning stocks ...... 22.3 (+11.2%)
Production ................. 160.2 (+1.5%)
Total Supply .............. 216.9 (+4.9%)
Total Traded ..............35.1 (+21.5%)
RAPESEED
Supply 2020-21
Beginning stocks ..........7.9 (-19.6%)
Production ................... 72.2 (+4.6%)
Total Supply ..................96.9 (-0.2%)
Total Traded ................ 17.1 (+2.1%)
* All totals estimated
** FSI = Food, Seed and Industrial
Source: US Department of Agriculture's Foreign Agriculutural Service, Washington, DC
( ) percentage change from 2019-20
42
Demand 2020-21
FSI use** .................... 36.7 (-2.4%)
Feed use ................24.9 (+16.6%)
Total ..........................61.6 (+4.4%)
2020-21
Ending stocks ................3.7 (-3.5%)
Area harvested.......... 40.9 (+1.1%)
Demand 2020-21
All uses ...................499.3 (+1.5%)
2020-21
Ending stocks ..........185.9 (+2.3%)
Area harvested........163.2 (+1.7%)
Demand 2020-21
FSI use** .................416.8 (+0.5%)
Feed use ................725.4 (+1.3%)
Total ......................1142.2 (+2.0%)
2020-21
Ending stocks ............286.4 (-6.4%)
Area harvested........197.7 (+1.8%)
Demand 2020-21
FSI use** .................618.2 (+2.6%)
Feed use ................. 157.5 (-0.7%)
Total ........................775.7 (+4.7%)
2020-21
Ending stocks ............292.5 (-1.6%)
Area harvested........221.8 (+4.0%)
month at just 1%. Its latest forecast
for total 2021-22 grains production
at 2.289 billion tonnes is just above
forecast consumption of 2.288 billion.
Forecast wheat output, however,
at 781 million tonnes, remains
short of consumption at 783
million.
For oilseeds, rapeseed production
of 68.3 million tonnes falls short of
forecast consumption of 69.3 million,
while soybean output of 380 million
is above the
foreseen
consumption level.
Concerns about wheat
Wheat's continued rise in September
was a result of persisting concerns
" about
shrinking production
Demand 2020-21
Crush ......................317.9 (+1.7%)
Other ........................47.0 (+3.2%)
Total ........................364.9 (+5.4%)
2020-21
Ending stocks ..............95.0 (-0.8%)
Area harvested........127.8 (+4.1%)
prospects
in some of the major exporters, "
the IGC said.
" Concerns continued to be cenDemand
2020-21
FSI use** .................... 45.6 (-0.5%)
Feed use ................114.7 (+4.7%)
Total ........................160.3 (+4.4%)
2020-21
Ending stocks ..............21.4 (-4.0%)
Area harvested........ 51.7 (-1.1%%)
tered on tightening outlooks for exportable
supplies in North America
and Russia, and while the EU crop
was still expected to be much larger
than the previous season's poor result,
below-average quality was seen
potentially limiting the volume of EU
milling wheat for export, " the IGC
explained. " Upward price pressure
was moderated by mostly good production
prospects in Australia, even
though ideas that the Australian crop
could be a record were tempered by
untimely frosts and unfavorable dryness
in some areas. "
The Council said that despite high
prices, there was limited evidence of
waning buying interest from importers,
and sustained strong demand provided
underpinning to global markets.
" Some buyers were said to have
adjusted quality
criteria for millDemand
2020-21
Crush ........................71.1 (+4.3%)
Other ........................... 2.5 (-0.1%)
Total ..........................73.6 (+3.3%)
2020-21
Ending stocks ..............6.0 (-23.7%)
Area harvested.......... 36.1 (+3.6%)
ing wheat imports to accommodate
purchases from the EU, including
Algeria, Saudi Arabia and China,
and the latter country was also said
to have secured lower-grade supplies
from France for feed, " the IGC
added. " In addition, some countries
suspended import duties to facilitate
purchases. "
The IGC put wheat prices in
November 2021 / World Grain / World-Grain.com
376-million
http://www.World-Grain.com
World Grain - November 2021

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