WASDE - 2014-2015 Outlook

by Eduardo Petazze
In May 2014 WASDE report, USDA's initial assessment of the world crop supply and demand prospects for 2014/15 presented.
The following summary details the estimates for corn.
Corn (1000 ton)
Argentina
Australia
Bolivia
Brazil
Canada
Chile
China
Colombia
European Union
Hong Kong
India
Indonesia
Israel
Japan
Korea, South
Mexico
New Zealand
Norway
Paraguay
Peru
Philippines
Russia
Singapore
South Africa
Switzerland
Taiwan
Thailand
Turkey
Ukraine
United States
Uruguay
Rest of the world
World
Algeria
Egypt
Ethiopia
Iran
Nigeria
Pakistan
Serbia
Tanzania
Venezuela
Vietnam

Harvest (HA)
M less X
Production
Consumption
Ending Stocks
2012/13 2013/14 2014/15 2012/13 2013/14 2014/15 2012/13 2013/14 2014/15 2012/13 2013/14 2014/15 2012/13 2013/14 2014/15
4,000 3,400 3,650 -22,785 -9,990 -16,990
27,000 24,000 26,000
7,900 8,300 9,000
1,315 3,025 4,035
81
60
65
-123
-25
-25
496
340
400
375
325
375
43
33
33
310
315
315
-44
-20
-20
700
725
725
650
675
725
47
77
57
15,800 15,000 14,800 -25,173 -20,200 -20,700
81,500 75,000 74,000
52,500 55,000 56,500
14,150 14,950 13,250
1,418 1,480 1,325
-1,320
-800 -1,000
13,060 14,200 12,500
11,605 12,200 12,200
1,549 2,749 2,049
143
98
120
743 1,400 1,200
1,519 1,300 1,440
2,525 2,725 2,725
320
295
210
35,030 36,100 36,500
2,621 4,400 2,900 205,614 217,730 220,000 200,000 212,000 222,000
67,570 77,700 78,600
490
480
500
3,262 4,100 4,200
1,690 1,755 1,750
5,200 5,850 5,950
461
466
466
9,716 9,830 9,527
9,158 11,000 11,000
58,866 64,573 64,647
69,600 74,500 76,000
5,090 6,163 5,810
28
30
30
28
30
30
8,910 9,500 9,000
-4,759 -2,990 -2,490
22,260 23,000 22,000
17,500 19,100 20,300
651 1,561
771
3,000 3,120 3,120
2,708 2,775 2,575
8,500 9,100 9,200
10,900 11,500 11,900
1,040 1,415 1,290
1,174 1,375 1,475
1,200 1,350 1,500
35
60
35
1
1
1
14,412 15,500 16,000
1
1
1
14,500 15,500 16,000
523
524
525
17
16
16
8,174 9,500 9,500
83
78
78
8,481 9,600 9,600
1,260 1,238 1,216
6,896 6,830 6,900
5,154 11,000 10,400
21,591 21,900 22,500
27,000 31,500 32,750
1,061 2,461 2,611
19
18
19
-7
25
-5
211
202
220
200
225
225
15
17
7
74
100
100
74
100
100
650
560
700
-2,842 -1,985 -2,085
3,000 2,500 3,080
700
725
825
279
269
239
515
520
550
2,245 2,290 2,290
1,680 1,720 1,800
3,750 3,950 4,100
392
452
442
2,557 2,610 2,625
114
600
500
7,261 7,700 7,900
7,400 7,900 8,400
576
976
976
1,937 2,322 2,600
-1,866 -3,450 -3,450
8,213 11,635 12,500
6,400 8,100 8,700
297
382
732
59
60
60
59
60
60
3,238 3,200 3,200
-2,398 -1,950 -2,275
12,365 14,000 13,500
11,000 11,200 11,400
3,091 3,416 3,341
16
16
16
104
125
100
147
147
147
210
260
260
23
35
22
9
15
20
4,232 4,200 4,200
62
100
140
4,325 4,325 4,325
376
351
366
1,080 1,120 1,100
286
-350
500
4,600 4,900 4,900
4,800 5,000 5,300
643
193
293
525
580
550
1,639
750 1,450
4,400 5,100 4,900
6,050 5,800 6,400
341
391
341
4,370 4,825 4,800 -12,682 -18,950 -15,950
20,922 30,900 26,000
8,100 9,900 10,400
1,191 3,241 2,891
35,360 35,478 34,115 -14,051 -47,200 -42,250 273,832 353,715 353,965 263,641 298,083 296,812
20,859 29,118 43,851
85
100
105
-243
-100
-150
400
475
515
350
350
350
12
37
52
41,043 39,748 41,029
30,361 35,575 35,430
88,823 92,223 94,270 122,463 126,086 129,111
14,975 16,827 17,216
177,216 177,342 177,268
-1,745 -3,205 -3,480 868,796 979,019 979,078 869,486 942,219 964,323 138,185 168,422 181,727
1
1
1
2,909 3,500 3,500
1
1
1
3,000 3,300 3,500
275
376
377
750
714
710
5,049 6,490 6,490
5,800 5,800 5,750
11,700 11,900 12,100
1,369 1,759 1,899
2,013 2,150 2,150
-5
-5
-5
6,158 6,500 6,500
6,000 6,550 6,550
763
708
653
350
350
350
3,700 5,000 4,800
1,250 1,250 1,250
5,850 6,250 6,450
2,486 2,486 2,086
4,160 4,250 4,250
150
0
100
7,630 7,700 7,700
7,800 7,700 7,800
246
246
246
1,139 1,140 1,140
-135
-35
-285
4,997 4,990 4,990
4,400 4,600 4,800
1,254 1,609 1,514
1,300 1,250 1,300
-593 -1,790 -2,290
3,750 6,400 6,500
3,550 3,950 4,200
202
862
872
4,118 3,100 3,100
0
-50
-50
5,104 4,700 4,500
5,000 4,800 4,700
877
777
527
400
400
400
2,146 2,600 2,600
1,300 1,300 1,300
3,650 3,800 3,950
156
256
206
1,157 1,173 1,200
1,695 2,000 1,800
4,801 5,196 5,400
6,500 6,700 6,900
236
732 1,032