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Global wheat supplies for 2015/16 are raised 1.2 million tons on both increased beginning stocks and production. World wheat production remains at a record high and is raised 0.5 million tons led by 0.5-million-ton increases for both Russia and Pakistan and a 0.3-million-ton increase for the EU. Partly offsetting is a 0.7-million-ton reduction for Uruguay and a 0.4-million-ton reduction for Brazil; both reductions are on updated government statistics and reflect crop damage from excessive rain.

World wheat trade for 2015/16 is down fractionally with several, mostly offsetting, changes. Global use is reduced, mostly in the United States. With supplies increasing and use reduced, ending stocks are raised 2.2 million tons to a record 232.0 million tons. This total is 9 percent larger than the previous stocks record set last year.


Global coarse grain supplies for 2015/16 are projected 6.8 million tons lower mostly on lower corn production for South Africa and the United States and lower rye production for Russia. Foreign coarse grain supplies are lowered 5.9 million tons. Corn production is lowered 4.0 WASDE-549-2 million tons for South Africa as continued heat and dryness during December further reduced prospects for area and yields, particularly in the western producing areas where satellite imagery suggests much of this year’s crop may not have been planted. Russia corn production is lowered 0.5 million tons with reductions in area and yields, but an area increase for Ukraine corn raises production an offsetting 0.5 million tons. Other corn production changes include small reductions for China and Peru. Reductions in rye and oats production for Russia more than offset an increase for barley.

Global coarse grain consumption for 2015/16 is reduced with the biggest reduction for Russia, down 1.2 million tons with lower rye, oats, and corn consumption reflecting tighter supplies with the smaller crops. Corn consumption for South Africa is lowered 0.7 million tons with reduced supplies. Corn consumption is also lowered for Saudi Arabia, Argentina, and Pakistan.

Global coarse grain imports for 2015/16 are raised with increases for South Africa, Mexico, and Peru corn more than offsetting reductions in corn imports for China and Saudi Arabia. Corn exports are raised for Brazil, Mexico, and Ukraine, but lowered for South Africa, India, and Russia. Corn exports are also raised for Argentina and Brazil for the 2014/15 (March 2015 through February 2016 local year) further reducing prospects for 2015/16 U.S. corn exports (September 2015 through August 2016).

Global 2015/16 corn ending stocks are projected 2.9 million tons lower with reductions for Brazil, China, South Africa, Pakistan, Russia, Argentina, and Saudi Arabia. World corn ending stocks remain record large at 208.9 million tons; however, more than half of those stocks are held in China.

Global oilseed production for 2015/16 is projected at 526.9 million tons, down 2.0 million with lower forecasts for soybeans, sunflowerseed, peanuts, and cottonseed. Global soybean production is projected at 319.0 million tons, down 1.1 million on smaller crops in the United States and South Africa. Larger soybean production in China is partly offsetting.

Global sunflowerseed production is reduced with lower projections for Argentina and South Africa partly offset by an increase for Russia. Other changes include reduced cottonseed production for China, India, and Pakistan.
Global oilseed trade for 2015/16 is projected at 148.0 million tons, up 0.3 million from last month. Increased soybean exports for Argentina and increased soybean and rapeseed exports for Canada more than offset lower U.S. soybean exports. Global oilseed crush is projected higher mainly on increased soybean crush for Argentina, China, and Vietnam and increased rapeseed crush for Canada and China.

Global oilseed stocks are projected at 90.9 million tons, down 4.2 million on reduced soybean stocks for the United States, Argentina, and China, and reduced rapeseed stocks for Canada.