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 .