PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals

Updated 10/09/20 PRX Grain DatabaseSection C - Soybeans

United States Soybeans State by State Soybean Supply-Demand, cont. Supply-Demand, recent 10 years 2-5 MN 34, 35 Yield charts 6, 7 IA 36, 37 Exports to All Destinations (curr vs. prev yr) 8, 9 MO 38, 39State Soybean Data KY 40, 41 Production Change Map, Table 10, 11 WI 42, 43 Net Exports/Imports Map, Beans & SBM 12, 13 IL 44, 45 Net Exports/Imports Table 14 IN 46, 47 Crush by State Table 15 OH 48, 49 SBM Production by State table 16 MI 50, 51 SBM Net Exports/Imports by State table 17 CORNBELT 52, 53 SBM Fed by State table 18 AL, FL, GA 54, 55 Protein Fed by State table 19 NC, SC, SE-US 56, 57 Animal Protein Fed by State table 20 DE, MD, NJ 58, 59 Cottonseed Meal Fed by State table 21 NY, PA, VA 60, 61 Other Oilseed Meal Fed by State table 22 WV, NE-US 62, 63 Gluten Feed & Meal Fed by State table 23 AR, LA, MS 64, 65State by State Soybean Supply-Demand OK, TN, TX 66, 67 US 24, 25 AZ, CA, CO 68, 69 ND 26, 27 MT, NM, NV 70, 71 SD 28, 29 UT, WV 72, 73 NE 30, 31 ID, OR, WA 74, 75 KS 32, 33

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

PRX Forecast Summary, Major CropsPRX_Soybeans, SDU, Oct-09-20US CORN US SOYBEANS US WHEAT

Item PRX PRX PRX PRX PRX PRXUnit 19-20 20-21 19-20 20-21 19-20 20-21

Carry-in mil bu 2221 1995 909 523 1080 1028 Area planted thou ac 89745 90978 76100 83105 45473 44349 Area harvested thou ac 81337 82527 74939 82289 37427 36746 Yield bu/ac 167 178 47 52 52 50Production mil bu 13620 14722 3552 4268 1933 1826Imports mil bu 45 25 15 15 104 125Supply mil bu 15886 16742 4476 4806 3117 2979Feed/Residual Use mil bu 5826 5926 101 135 162 161Industrial Use mil bu 6282 6475 2170 2180 962 960 Total Domestic Use mil bu 12108 12401 2271 2315 1124 1121Foreign Exports mil bu 1778 2325 1682 2201 965 975 Total Use mil bu 13886 14726 3953 4516 2089 2096Carry-out mil bu 1995 2018 523 290 1028 883US Farm Price cts/bu 356 360 857 980 458 470

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

UNITED STATES Soybean Supply-Demand

Item Unit Crop year (Sep-Aug)10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21

Carry-in mil bu 151 215 169 141 92 191 197 301 438 909 523 Area planted thou ac 77404 75046 77198 76840 83276 82650 83433 90162 89167 76100 83105 Area harvested thou ac 76610 73776 76144 76252 82593 81732 82696 89542 87594 74939 82289 Yield bu/ac 43.5 41.9 40.0 44.0 47.5 48.0 52.0 49.3 50.6 47.4 51.9Production mil bu 3329 3094 3042 3358 3926 3926 4296 4412 4428 3552 4268Supply mil bu 3494 3325 3252 3571 4052 4141 4515 4735 4880 4476 4806Disappearance (Use) mil bu 3279 3156 3111 3479 3861 3944 4213 4297 3971 3953 4516Seed/Residual Use mil bu 148 89 105 104 145 123 131 109 131 101 135Crush mil bu 1630 1703 1689 1734 1873 1886 1901 2055 2092 2170 2180Domestic Use mil bu 1778 1792 1794 1838 2018 2009 2032 2164 2223 2271 2315Foreign Exports mil bu -1501 -1364 -1317 -1641 -1843 -1935 -2181 -2133 -1748 -1682 -2201(Minus indicates exports from US) Foreign exports (-) up by 519 mil bu, crush up by 10 mil bu.Carry-out mil bu 215 169 141 92 191 197 301 438 909 523 290Farm Price, Sales weighted annual averageUS Farm Price cts/bu 1130 1250 1440 1300 1010 895 947 933 848 857 980

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

UNITED STATES Soybean Meal Supply-Demand

Item Unit Crop year (Sep-Aug)10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21

Soybean crush mil bu 1630 1703 1689 1734 1873 1886 1901 2055 2092 2170 2180 Yield lbs/bu 47.7 47.9 47.7 47.7 47.5 47.3 46.9 48.4 47.3 47.6 47.5Soymeal production thou st 38879 40810 40283 41356 44517 44593 44460 49719 49492 51647 51800Soymeal supply thou st 39152 40910 40613 41606 44717 44932 44735 50119 50046 52048 52200Soymeal domestic use thou st 30044 31720 28892 29815 31668 32957 32622 35509 36092 37748 38300Soymeal exports thou st 9008 9143 11471 11615 12710 11700 11713 14056 13553 13900 13500Soymeal total use thou st 39052 40863 40363 41430 44378 44657 44335 49565 49645 51648 51800Soymeal carry-out thou st 100 47 250 176 339 275 400 554 401 400 400HPCAUs mil 134.8 135.5 132.2 132.0 134.1 135.4 135.4 135.4 140.9 142.4 143.0Soymeal fed per HPCAU st 0.223 0.234 0.219 0.226 0.236 0.243 0.241 0.262 0.256 0.265 0.268Avg price, Decatur, actl $/st 346 394 468 490 368 325 317 345 308Avg price, Decatur, model $/st 346 397 395 378 317 290 303 360 361 346 341

Protein fed, total thou st 37972 39771 36731 38588 39261 40550 40309 43331 44183 45600 46485 of which, Dairy thou st 4870 5122 4836 5082 5146 5288 5211 5608 5543 5647 5730 Beef cattle thou st 6626 6874 6265 6444 6536 6774 6767 7459 7521 7732 7847 Hogs thou st 7298 7787 7327 7456 7903 8351 8523 9293 9619 10365 10729 Poultry thou st 18842 19637 17970 19256 19326 19778 19455 20755 21286 21637 21957 Other thou st 337 351 333 350 350 359 353 216 214 219 222Non-soy olsd meal fed thou st 3573 3573 3573 3573 3573 3573 3573 3573 3573 3573 3573Animal protein fed thou st 2883 2883 2883 2883 2883 2883 2883 2883 2883 2883 2883Gluten feed & meal fed thou st 1472 1595 1383 2317 1137 1137 1231 1366 1635 1644 1729Soymeal fed thou st 30044 31720 28892 29815 31668 32957 32622 35509 36092 37500 38300 Soymeal production thou st 38879 40810 40283 41356 44517 44593 44460 49719 49492 51096 51404Net Soymeal exports thou st -9008 -9143 -11471 -11615 -12710 -11700 -11713 -14056 -13553 -13900 -13500

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

UNITED STATES Soybean Oil Supply-Demand

Item Unit Crop year (Sep-Aug)10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21

Soybean crush mil bu 1630 1703 1689 1734 1873 1886 1901 2055 2092 2170 2180 Yield lbs/bu 11.4 11.4 11.6 11.6 11.2 11.5 11.8 11.7 11.8 11.6 11.8Soyoil production mil lbs 18585 19414 19592 20114 21068 21685 22442 24108 24595 25214 25615Soyoil supply mil lbs 21888 21846 22253 21824 22245 23440 24129 25818 26591 26990 27355Soyoil domestic use mil lbs 16383 17799 18576 18934 18864 20162 19862 21380 22874 22450 23000Soyoil net exports mil lbs 3073 1489 1967 1713 1625 2243 2556 2443 1941 2800 2600Soyoil total use mil lbs 19456 19288 20543 20647 20489 22405 22418 23823 24815 25250 25600Soyoil carry-out mil lbs 2432 2558 1710 1177 1756 1036 1711 1995 1775 1740 1755 US population mil 304.8 307.6 310.4 313.2 316.0 318.8 321.6 324.4 327.2 330.0 332.8 Domestic SBO per cap lbs 53.8 57.9 59.8 60.5 59.7 63.2 61.8 65.9 69.9 68.0 69.1Avg price, Decatur, actl cents/lb 53.2 51.9 47.3 48.7 32.9 24.8 28.1 33.8 32.5 26.3 26.6Avg price, Decatur, model cents/lb 53.2 51.9 47.1 48.7 32.9 24.8 28.1 33.8 32.5 26.3 26.6Estimated domestic:Soyoil food use mil lbs 13433 14699 13887 13924 13825 14492 13662 14246 15011 14600 14900Soyoil industrial use mil lbs 2950 3100 4689 5010 5039 5670 6200 7134 7863 7850 8100

mil gals 404 425 642 686 690 777 849 977 1077 1075 1110Estimated crush margin (Central IL):Soyoil price cents/bu 53.2 51.9 47.3 48.7 32.9 24.8 28.1 33.8 32.5 26.3 26.6Soyoil yield per bu lbs/bu 11.4 11.4 11.6 11.6 11.2 11.5 11.8 11.7 11.8 11.6 11.8Soyoil value per bu cents/bu 607 592 548 565 370 285 331 397 382 306 313

Soymeal price, Decatur $/st 346 394 468 490 368 325 317 345 308 346 341Soymeal yield per bu lbs/bu 43.8 43.8 43.8 43.8 43.8 43.8 43.8 43.8 43.8 43.8 43.8Soymeal value per bu cents/bu 757 863 1025 1073 806 711 694 756 675 757 746

Soybean price, Decatur cents/bu 1130 1250 1440 1300 1010 895 947 933 848 857 980Oil & meal value per bu cents/bu 1363 1455 1573 1638 1176 996 1025 1153 1057 1062 1059Crush margin cents/bu 233 205 133 338 166 101 78 220 209 205 79

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

51.9

20

30

40

50

60

70-71 80-81 90-91 00-01 10-11 20-21

UnitedStates_Actual

United States NewCrop Forecast

Trend, 2005 to2019

UNITED STATES Soybean Yield History and TrendBushels per acre

For UNITED STATES, PRX is forecasting the Trend, 2005 to

2019.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Actual Deviation Stated as Years of Ten by Deviation Range-50.0% -17.5% -7.5% -2.5% 2.5% 7.5% 17.5%

to to to to to to to-17.5% -7.5% -2.5% 2.5% 7.5% 17.5% 50.0%

Disastrous Poor Below Trend Above Good Excellent0.0 2.0 2.0 4.7 1.3 0.0 0.0

UNITED STATESActual Years of Ten by Deviation Range

Poor to Near Good toDisastrous Trend Excellent

2.0 8.0 0.0

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

47

0

10

20

30

40

50

60

-50 -45 -40 -35 -30 -25 -20 -15 -10 -5 0 5 10 15 20 25 30 35 40 45 50

Deviation of yield from trend, percent

Actual yielddeviation aspercent trend

Normal yielddeviation aspercent trend

UNITED STATES Soybean Yield Deviation From Trend vs. "Normal" Probability CurvePercent of occurences

'Disastrous' yields (down 15% or more from trend) occur 7 percent of the years.

'Abundant' yields (up 15% or more from trend) occur 0 percent of the years.

Based on 2005 to 2019 Trend

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

US Soybean Exports to All Destinations, with Coastal Share and Current Year vs. Previous© PRX 2020, File PRX_SoybeanExportsUSGATS, Oct-09-20

previous current currentCountry/US ports Unit Crop year (Sep-Aug) YTD YTD minus

14-15 15-16 16-17 17-18 18-19 18-19 19-20 previous1 GATS US Exports total mmt 50.1 52.9 59.0 58.0 47.9 47.9 45.8 -2.12 via West Coast mmt 13.6 14.3 17.0 16.3 10.9 10.9 10.4 -0.53 shr total pct 27.2% 27.0% 28.8% 28.1% 22.8% 22.8% 22.8%4 of which, via PNW mmt 11.9 12.7 14.5 13.7 8.6 8.6 8.3 -0.35 shr total pct 23.7% 24.1% 24.6% 23.6% 18.0% 18.0% 18.0%6 via All Gulf mmt 32.9 34.8 37.8 36.7 32.1 32.1 32.3 0.27 shr total pct 65.5% 65.8% 64.1% 63.2% 67.0% 67.0% 70.5%8 via other Districts mmt 3.6 3.8 4.2 5.0 4.9 4.9 3.1 -1.89 shr total pct 7.3% 7.2% 7.1% 8.7% 10.2% 10.2% 6.7%

E Asia = China, Japan, S Korea, Taiwan, Hong Kong, Macau, Mongolia, N Korea10 GATS US Exports E Asia mmt 33.7 34.8 40.7 33.2 18.7 18.7 21.1 2.311 via West Coast mmt 12.6 13.1 15.4 14.1 8.2 8.2 8.4 0.212 of which, via PNW mmt 11.6 12.3 14.3 12.8 7.6 7.6 7.5 -0.113 of which, via Gulf & Other mmt 21.1 21.7 25.3 19.1 10.5 10.5 12.7 2.2

14 GATS US Exports China mmt 29.5 30.6 36.1 28.2 13.5 13.5 16.3 2.815 via West Coast mmt 11.6 12.0 14.4 12.4 6.5 6.5 7.0 0.516 of which, via PNW mmt 11.4 11.9 14.0 12.1 6.5 6.5 6.9 0.417 of which, via Gulf & Other mmt 17.9 18.6 21.8 15.8 6.9 6.9 9.2 2.3

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

US Soybean Exports to All Destinations, with Coastal Share and Current Year vs. Previous (con't)© PRX 2020, File PRX_SoybeanExportsUSGATS, Oct-09-20

previous current currentCountry/US ports Unit Crop year (Sep-Aug) YTD YTD minus

14-15 15-16 16-17 17-18 18-19 18-19 19-20 previous18 GATS US Exports oth E Asia mmt 4.2 4.2 4.6 5.0 5.3 5.3 4.8 -0.519 via West Coast mmt 1.0 1.0 1.1 1.7 1.7 1.7 1.4 -0.320 of which, via PNW mmt 0.3 0.5 0.3 0.8 1.1 1.1 0.6 -0.421 of which, via Gulf & Other mmt 3.2 3.2 3.6 3.3 3.6 3.6 3.4 -0.1

SE Asia = Brunei, Burma, Cambodia, Indinesia, Malaysia, Philippines, Singapore, Thailand, Vietnam22 GATS US Exports SE Asia mmt 3.7 4.2 4.8 6.0 5.7 5.7 5.3 -0.523 via West Coast mmt 1.0 1.2 1.5 1.9 2.2 2.2 1.6 -0.624 of which, via PNW mmt 0.2 0.4 0.2 0.5 0.6 0.6 0.3 -0.325 of which, via Gulf & Other mmt 2.7 3.1 3.3 4.1 3.5 3.5 3.7 0.2

S Asia = Afghanistan, Bangladesh, India, Nepal, Pakistan26 GATS US Exports S Asia mmt 0.9 0.9 1.6 2.8 2.2 2.2 2.9 0.727 via West Coast mmt 0.0 0.0 0.0 0.3 0.2 0.2 0.4 0.228 of which, via PNW mmt 0.0 0.0 0.0 0.2 0.2 0.2 0.4 0.229 of which, via Gulf & Other mmt 0.9 0.9 1.6 2.5 2.0 2.0 2.5 0.5

World Excluding All Asia30 GATS US Exports, All Others mmt 11.8 12.9 11.8 16.0 21.2 21.2 16.6 -4.731 via West Coast mmt 0.0 0.0 0.0 0.1 0.2 0.2 0.0 -0.232 of which, via PNW mmt 0.0 0.0 0.0 0.1 0.2 0.2 0.0 -0.233 of which, via Gulf & Other mmt 11.8 12.9 11.8 15.9 21.0 21.0 16.5 -4.4

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Soybean Production Change, 20-21 vs. Previous Year

2020 Soybean Production, Mil BuState Area Area Yield Production Prev Year Change

planted Harvested Production in Prod000 ac 000ac bu/ac mil bu mil bu mil bu

IA 9400 9320 56.0 522 502 20KS 4800 4750 44.0 209 186 23MN 7400 7330 52.0 381 298 83MO 5850 5780 50.0 289 230 59ND 5750 5700 34.0 194 170 24NE 5200 5150 60.0 309 283 26SD 4950 4900 48.0 235 146 89WI 2000 1980 55.0 109 79 29 WCB 45350 44910 50.1 2248 1895 353

IL 10300 10250 60.0 615 532 83IN 5700 5680 60.0 341 273 67KY 1850 1840 55.0 101 78 23MI 2200 2190 48.0 105 70 35OH 4900 4880 56.0 273 209 64 ECB 24950 24840 57.8 1435 1162 273

Northeast 2225 2191 46.3 101 91 10

Southeast 2290 2233 37.6 84 73 11

S. Central 8290 8115 49.2 399 330 69

West

US 83105 82289 51.9 4268 3552 716

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Soybean Net Exports (+) and Net Imports (-), 20-21Million Bushels

Pacific NW US LakesSoybean Exports Soybean Exports

18-19 399 18-19 6119-20 393 19-20 2020-21 534 20-21 48Change 140 Change 28

US AtlanticRail Mexico Soybean Exports

Soybean Exports 18-19 11118-19 125 19-20 8619-20 126 20-21 12720-21 131 Change 42Change 5

US Total All Gulf Soybean ExportsSoybean Exports Total Mexico

18-19 1748 18-19 1050 6119-20 1680 19-20 1055 5720-21 2125 20-21 1284 70Change 445 Change 230 13

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

-65

103

-48

7

-63

114

387 66

13559

12

-127

5

-1284

60

181

142

96

9

186

186

-534

3

0

171

15

6

-131

-11

161

75

4

-5

-1

113

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Thousand Short Tons

Pacific NW US LakesSBM Exports Rail Canada SBM Exports

18-19 2851 SBM Exports 18-19 23019-20 2554 18-19 992 19-20 15920-21 3019 19-20 1023 20-21 178Change 465 20-21 1070 Change 19

Change 47

US AtlanticRail Mexico SBM ExportsSBM Exports 18-19 1066

18-19 2425 19-20 131119-20 2561 20-21 116820-21 2336 Change -144Change -225

Total US All GulfSBM Exports SBM Exports

18-19 13553 18-19 609919-20 13900 19-20 644320-21 13500 20-21 6580Change -400 Change 138

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

Soybean Meal Net Exports (+) and Net Imports (-), 20-21

15

-1364-191

-1771-822

-178

-421

-247

-551

7539

-542

5066 5471

521 241

981

-1168

-64

-6580

443

3658

1906

-925

-194

-1784

138

1391

-3019

-86

-315

-1070

-469

1404

-1350

-206

-581

-2336

15

1475

-339

-2437

-348-68

-441

-1081

-183

-105

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

PRX_Soybeans, SDU, Oct-09-20 Soybean Net Exports (+) and Net Imports (-) by State Crop Yr (Sep-Aug)

Region State 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 Region State 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21

millions of bushels millions of bushels

CCB5 IA 103 35 49 51 122 114 12 29 126 114 PNW ID 0 0 0 0 0 0 0 0 0 0CCB5 IL 164 126 205 224 241 274 252 283 341 387 PNW OR 0 0 0 0 0 0 0 0 0 0CCB5 MN 107 136 108 97 179 174 143 103 117 181 PNW WA 0 0 0 0 0 0 0 0 0 0CCB5 MO 37 2 47 120 55 134 188 71 95 142 PNW 0 0 0 0 0 0 0 0 0 0CCB5 WI 74 68 61 71 93 106 86 87 90 113 SC AR 111 122 125 136 134 124 154 129 96 103

CCB5 486 367 471 562 691 801 680 573 769 937 SC KY 20 21 44 40 45 45 52 61 36 59ECB3 IN 67 50 89 104 88 121 142 35 10 66 SC LA 9 25 27 48 26 27 66 27 -2 12ECB3 MI 77 78 75 72 86 91 83 84 29 60 SC MS 68 85 89 101 93 85 112 105 70 96ECB3 OH 117 110 116 120 115 137 128 154 117 171 SC OK 3 3 10 10 11 13 18 16 12 15

ECB3 261 237 280 297 289 349 353 272 157 298 SC TN 39 45 70 71 77 71 81 74 63 75HP4 KS 47 33 74 70 89 122 109 101 122 135 SC TX 2 3 2 5 3 4 7 4 2 4HP4 ND 112 160 134 191 177 228 235 196 170 186 SC 251 304 367 410 388 369 489 415 277 364HP4 NE 178 122 168 178 205 206 192 168 173 186 SE AL -59 -54 -52 -60 -59 -66 -78 -66 -66 -65HP4 SD 124 118 156 190 199 212 199 146 85 161 SE FL 0 1 1 2 1 1 0 0 0 0

HP4 461 434 532 629 670 769 735 611 551 668 SE GA -55 -50 -50 -55 -53 -60 -73 -65 -63 -63CB12 1207 1038 1282 1487 1649 1919 1769 1457 1477 1903 SE NC -20 1 -14 -1 -15 -13 -15 7 3 9

NE DE 6 7 6 8 7 7 8 7 7 7 SE SC -16 -12 -17 -13 -19 -16 -4 -9 -13 -11NE MD -6 -2 -6 -5 -7 -7 -8 4 2 5 SE -150 -114 -132 -127 -145 -154 -169 -132 -139 -130NE NJ 3 4 3 4 3 3 4 4 3 3 W AZ 0 0 0 0 0 0 0 0 0 0NE NY 0 0 0 0 0 0 0 0 0 0 W CA 0 0 0 0 0 0 0 0 0 0NE PA 21 24 26 27 24 24 9 2 6 6 W CO 0 0 0 0 0 0 0 0 0 0NE VA -3 0 -2 -3 -7 -7 -7 -5 -8 -5 W MT 0 0 0 0 0 0 0 0 0 0NE WV 0 0 0 0 0 0 0 0 0 0 W NM 0 0 0 0 0 0 0 0 0 0

NE 22 32 28 32 20 21 6 12 10 16 W UT 0 0 0 0 0 0 0 0 0 0W WY 0 0 0 0 0 0 0 0 0 0

W 0 0 0 0 0 0 0 0 0 0Unallocated States 34 58 95 41 23 27 38 -4 57 48Total 1364 1317 1641 1843 1935 2181 2133 1748 1682 2201Note. CCB= Central Cornbelt; ECB= Eastern CB; HP= High Plans; NE= Northeast; SC= South Cent.; SE= Southeast; W= West.

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

PRX_Soybeans, SDU, Oct-09-20 Soybean Crush Use by State Crop Year (Sep-Aug)

Region State 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 Region State 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21

millions of bushels millions of bushels

CCB5 IA 370 367 377 414 417 420 508 435 431 433 PNW ID 0 0 0 0 0 0 0 0 0 0CCB5 IL 254 252 259 287 289 291 300 265 257 259 PNW OR 0 0 0 0 0 0 0 0 0 0CCB5 MN 164 163 167 186 187 189 223 209 211 212 PNW WA 0 0 0 0 0 0 0 0 0 0CCB5 MO 148 147 151 122 123 124 94 149 149 150 PNW 0 0 0 0 0 0 0 0 0 0CCB5 WI 0 0 0 0 0 0 0 0 0 0 SC AR 15 15 15 17 17 17 20 28 28 28

CCB5 937 929 954 1009 1016 1024 1124 1059 1049 1054 SC KY 36 36 37 41 41 41 49 35 39 39ECB3 IN 169 168 172 181 183 184 171 275 275 277 SC LA 25 25 26 29 29 29 0 33 42 42ECB3 MI 7 7 8 8 9 9 11 10 46 46 SC MS 0 0 0 8 9 9 0 10 9 9ECB3 OH 99 98 100 111 112 113 113 100 105 105 SC OK 0 0 0 0 0 0 0 0 0 0

ECB3 275 273 280 301 303 306 296 386 426 428 SC TN 0 0 0 0 0 0 0 0 0 0HP4 KS 51 50 52 57 58 58 69 66 78 78 SC TX 0 0 0 0 0 0 0 0 0 0HP4 ND 0 0 0 0 0 0 0 10 9 9 SC 76 76 78 95 95 96 69 105 119 120HP4 NE 81 80 82 91 92 93 109 124 130 131 SE AL 69 68 70 78 78 79 93 79 75 76HP4 SD 24 24 24 27 27 27 32 60 81 82 SE FL 0 0 0 0 0 0 0 0 0 0

HP4 155 154 158 176 177 178 211 260 299 300 SE GA 58 58 59 66 66 67 79 70 66 66CB12 1368 1357 1393 1486 1496 1508 1630 1704 1774 1782 SE NC 60 59 61 68 68 69 81 43 48 49

NE DE 0 0 0 0 0 0 0 0 0 0 SE SC 24 24 25 28 28 28 18 18 20 20NE MD 24 24 24 27 27 27 32 20 18 18 SE 211 209 215 239 240 242 271 209 210 211NE NJ 0 0 0 0 0 0 0 0 0 0 W AZ 0 0 0 0 0 0 0 0 0 0NE NY 0 0 0 0 0 0 0 0 0 0 W CA 0 0 0 0 0 0 0 0 0 0NE PA 0 0 0 0 0 0 20 25 23 23 W CO 0 0 0 0 0 0 0 0 0 0NE VA 24 24 24 27 27 27 32 29 27 27 W MT 0 0 0 0 0 0 0 0 0 0NE WV 0 0 0 0 0 0 0 0 0 0 W NM 0 0 0 0 0 0 0 0 0 0

NE 48 47 49 54 54 55 84 73 67 68 W UT 0 0 0 0 0 0 0 0 0 0W WY 0 0 0 0 0 0 0 0 0 0

W 0 0 0 0 0 0 0 0 0 0Unallocated States 0 0 0 0 0 0 0 0 0 0Total 1703 1689 1734 1873 1886 1901 2055 2092 2170 2180Note. CCB= Central Cornbelt; ECB= Eastern CB; HP= High Plans; NE= Northeast; SC= South Cent.; SE= Southeast; W= West.

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

PRX_Soybeans, SDU, Oct-09-20 Soybean Meal Production Crop Year (Sep-Aug)

Region State 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 Region State 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21

(000s) Short Tons (000s) Short Tons

CCB5 IA 8878 8764 8997 9842 9859 9830 12284 10301 10149 10210 PNW ID 0 0 0 0 0 0 0 0 0 0CCB5 IL 6086 6007 6167 6823 6835 6815 7252 6279 6062 6099 PNW OR 0 0 0 0 0 0 0 0 0 0CCB5 MN 3938 3887 3991 4415 4423 4409 5390 4939 4968 4998 PNW WA 0 0 0 0 0 0 0 0 0 0CCB5 MO 3551 3505 3598 2893 2898 2890 2264 3528 3515 3536 PNW 0 0 0 0 0 0 0 0 0 0CCB5 WI 0 0 0 0 0 0 0 0 0 0 SC AR 358 353 363 401 402 401 490 658 664 668

CCB5 22453 22163 22753 23974 24015 23944 27190 25046 24694 24843 SC KY 859 848 871 963 965 962 1176 823 922 928ECB3 IN 4059 4007 4114 4312 4319 4306 4136 6514 6483 6522 SC LA 609 601 617 682 683 681 0 776 996 1002ECB3 MI 179 177 181 201 201 200 278 240 1079 1086 SC MS 0 0 0 201 201 200 0 235 221 223ECB3 OH 2363 2332 2394 2649 2654 2646 2744 2371 2470 2485 SC OK 0 0 0 0 0 0 0 0 0 0

ECB3 6601 6516 6689 7162 7174 7152 7157 9125 10032 10093 SC TN 0 0 0 0 0 0 0 0 0 0HP4 KS 1217 1201 1233 1365 1367 1363 1666 1552 1835 1846 SC TX 0 0 0 0 0 0 0 0 0 0HP4 ND 0 0 0 0 0 0 0 247 221 223 SC 1826 1802 1850 2248 2251 2245 1666 2493 2803 2820HP4 NE 1933 1908 1959 2167 2171 2165 2646 2940 3069 3088 SE AL 1647 1625 1669 1846 1849 1844 2254 1858 1771 1781HP4 SD 573 565 580 642 643 641 784 1411 1916 1928 SE FL 0 0 0 0 0 0 0 0 0 0

HP4 3723 3675 3773 4174 4181 4169 5096 6150 7041 7084 SE GA 1396 1378 1415 1565 1568 1563 1911 1651 1549 1559CB12 32777 32353 33215 35310 35370 35265 39443 40320 41768 42020 SE NC 1432 1413 1451 1605 1608 1603 1960 1011 1138 1145

NE DE 0 0 0 0 0 0 0 0 0 0 SE SC 587 579 595 658 659 657 441 423 480 482NE MD 573 565 580 642 643 641 784 470 422 424 SE 5062 4996 5129 5675 5685 5668 6566 4943 4938 4967NE NJ 0 0 0 0 0 0 0 0 0 0 W AZ 0 0 0 0 0 0 0 0 0 0NE NY 0 0 0 0 0 0 0 0 0 0 W CA 0 0 0 0 0 0 0 0 0 0NE PA 0 0 0 0 0 0 476 588 539 542 W CO 0 0 0 0 0 0 0 0 0 0NE VA 573 565 580 642 643 641 784 677 627 631 W MT 0 0 0 0 0 0 0 0 0 0NE WV 0 0 0 0 0 0 0 0 0 0 W NM 0 0 0 0 0 0 0 0 0 0

NE 1146 1131 1161 1284 1287 1283 2044 1736 1587 1597 W UT 0 0 0 0 0 0 0 0 0 0W WY 0 0 0 0 0 0 0 0 0 0

W 0 0 0 0 0 0 0 0 0 0Unallocated States 0 0 0 0 0 0 0 0 0 0Total 40810 40283 41356 44517 44593 44460 49719 49492 51096 51404Note. CCB= Central Cornbelt; ECB= Eastern CB; HP= High Plans; NE= Northeast; SC= South Cent.; SE= Southeast; W= West.

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

PRX_Soybeans, SDU, Oct-09-20 Soybean Meal Net Exports (+) and Net Imports (-) Crop Year (Sep-Aug)

Region State 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 Region State 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21

(000s) Short Tons (000s) Short Tons

CCB5 IA 6826 6831 6985 7620 7548 7514 9726 7677 7474 7539 PNW ID -440 -423 -417 -444 -466 -466 -498 -511 -534 -542

CCB5 IL 5298 5272 5415 6023 6006 5960 6319 5333 5060 5066 PNW OR -198 -183 -190 -199 -206 -201 -204 -207 -203 -206

CCB5 MN 2905 2928 2998 3336 3282 3286 4120 3681 3669 3658 PNW WA -333 -314 -335 -357 -363 -353 -384 -390 -435 -441

CCB5 MO 2394 2651 2464 1663 1616 1585 814 2036 1936 1906 PNW -970 -920 -941 -999 -1035 -1020 -1086 -1108 -1172 -1190

CCB5 WI -941 -889 -935 -979 -1008 -991 -1053 -1033 -1062 -1081 SC AR -1488 -1296 -1161 -1195 -1250 -1218 -1260 -1232 -1326 -1364

CCB5 16482 16791 16927 17664 17444 17355 19926 17694 17076 17088 SC KY 246 287 281 353 332 342 512 179 250 241

ECB3 IN 3186 3207 3288 3406 3379 3374 3168 5454 5436 5471 SC LA 595 596 604 665 664 665 -27 751 977 981

ECB3 MI -285 -265 -295 -315 -338 -330 -302 -372 447 443 SC MS -1121 -994 -955 -797 -829 -805 -1089 -831 -905 -925

ECB3 OH 1616 1637 1637 1843 1816 1813 1845 1402 1419 1404 SC OK -1111 -1008 -970 -1053 -1118 -1118 -1229 -1232 -1302 -1350

ECB3 4517 4580 4630 4934 4858 4857 4711 6485 7303 7318 SC TN -320 -276 -269 -283 -299 -290 -318 -316 -329 -339

HP4 KS 156 236 267 322 262 260 470 335 540 521 SC TX -1806 -1534 -1594 -1764 -1803 -1802 -2046 -2203 -2380 -2437

HP4 ND -64 -60 -62 -62 -69 -73 -82 176 141 138 SC -5005 -4226 -4065 -4074 -4302 -4227 -5456 -4884 -5016 -5193

HP4 NE 497 597 642 747 693 706 989 1330 1406 1391 SE AL 228 357 306 426 385 407 705 196 34 15

HP4 SD 396 416 429 461 412 408 470 1057 1496 1475 SE FL -346 -319 -298 -313 -322 -315 -335 -328 -242 -247

HP4 984 1188 1276 1466 1298 1302 1847 2898 3583 3525 SE GA -394 -214 -369 -305 -368 -331 -135 -390 -520 -551

CB12 21984 22559 22833 24064 23599 23514 26484 27076 27962 27931 SE NC -862 -688 -786 -764 -896 -885 -705 -1631 -1738 -1784

NE DE -380 -340 -278 -290 -299 -293 -315 -382 -414 -421 SE SC 166 200 186 230 217 224 -26 -34 24 15

NE MD 178 210 140 183 171 179 288 -24 -58 -64 SE -1209 -664 -962 -725 -984 -900 -497 -2187 -2443 -2551

NE NJ -70 -63 -70 -73 -75 -74 -78 -82 -84 -86 W AZ -164 -150 -158 -160 -168 -168 -195 -196 -186 -191

NE NY -424 -400 -422 -438 -452 -446 -478 -474 -462 -469 W CA -1772 -1637 -1708 -1758 -1815 -1761 -1895 -1805 -1742 -1771

NE PA -932 -864 -940 -978 -1013 -993 -591 -490 -557 -581 W CO -691 -610 -626 -652 -674 -689 -749 -741 -797 -822

NE VA -99 -55 -58 -22 -59 -29 67 4 -58 -68 W MT -178 -367 -176 -180 -193 -190 -186 -184 -190 -194

NE WV -178 -163 -180 -187 -193 -190 -202 -182 -180 -183 W NM -261 -237 -243 -254 -260 -262 -280 -282 -310 -315

NE -1904 -1673 -1808 -1806 -1920 -1845 -1309 -1629 -1813 -1871 W UT -254 -238 -250 -246 -260 -248 -248 -280 -322 -348

W WY -107 -97 -99 -104 -108 -107 -97 -98 -103 -105

W -3427 -3336 -3261 -3354 -3479 -3425 -3650 -3586 -3650 -3745

Unallocated States -326 -269 -182 -395 -178 -384 -430 -127 32 119

Total -9143 -11471 -11615 -12710 -11700 -11713 -14056 -13553 -13900 -13500

Note. CCB= Central Cornbelt; ECB= Eastern CB; HP= High Plans; NE= Northeast; SC= South Cent.; SE= Southeast; W= West.

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

PRX_Soybeans, SDU, Oct-09-20 Soybean Meal Fed by State Crop Year (Sep-Aug)

Region State 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 Region State 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21

(000s) Short Tons (000s) Short Tons

CCB5 IA 2062 1943 2022 2233 2322 2326 2569 2635 2686 2682 PNW ID 442 425 419 446 469 468 500 513 536 544CCB5 IL 792 739 756 804 833 858 937 950 1006 1037 PNW OR 198 184 191 200 207 202 205 208 204 207CCB5 MN 1038 964 997 1084 1146 1128 1275 1263 1305 1345 PNW WA 334 316 336 359 365 355 385 392 436 443CCB5 MO 1162 859 1140 1236 1288 1311 1456 1498 1586 1637 PNW 975 925 946 1004 1040 1024 1091 1113 1177 1194CCB5 WI 945 894 939 983 1012 996 1058 1037 1066 1086 SC AR 1830 1632 1506 1579 1634 1601 1732 1874 1973 2015

CCB5 5999 5399 5856 6341 6601 6619 7295 7383 7649 7786 SC KY 616 564 593 613 636 623 667 647 675 690ECB3 IN 877 804 829 910 945 936 972 1064 1051 1055 SC LA 14 5 13 17 20 17 27 25 19 21ECB3 MI 467 444 479 518 541 533 582 614 634 646 SC MS 1026 899 859 902 935 910 993 970 1030 1052ECB3 OH 750 698 761 809 841 836 903 972 1056 1086 SC OK 1116 1014 975 1058 1123 1123 1234 1237 1308 1355

ECB3 2094 1946 2070 2238 2327 2306 2457 2651 2741 2786 SC TN 322 278 270 284 300 292 319 318 331 341HP4 KS 1066 971 971 1048 1110 1108 1201 1223 1300 1330 SC TX 1814 1543 1602 1772 1811 1810 2054 2212 2390 2446HP4 ND 65 61 63 63 69 73 82 72 81 85 SC 6738 5934 5819 6226 6458 6376 7027 7283 7725 7919HP4 NE 1443 1318 1324 1428 1484 1465 1664 1616 1669 1703 SE AL 1400 1250 1345 1402 1446 1419 1531 1644 1718 1748HP4 SD 178 151 152 183 232 235 315 356 421 455 SE FL 348 321 299 314 324 316 336 330 243 248

HP4 2752 2500 2509 2721 2896 2880 3263 3266 3472 3573 SE GA 1799 1600 1793 1879 1945 1903 2055 2049 2078 2118CB12 10844 9845 10435 11300 11825 11806 13014 13300 13862 14145 SE NC 2305 2113 2249 2380 2516 2500 2676 2654 2888 2941

NE DE 382 341 280 292 300 294 316 383 416 423 SE SC 423 381 411 430 444 435 469 459 458 469NE MD 396 357 443 461 475 464 498 496 482 490 SE 6275 5665 6097 6406 6674 6573 7067 7135 7385 7523NE NJ 70 63 70 74 76 74 79 83 84 86 W AZ 165 151 159 161 169 169 196 197 187 192NE NY 426 402 424 440 454 448 480 476 464 471 W CA 1780 1646 1717 1766 1824 1769 1903 1812 1749 1778NE PA 936 868 945 983 1017 997 1072 1082 1100 1127 W CO 695 613 629 655 678 693 752 744 800 826NE VA 675 623 642 668 705 674 720 676 688 701 W MT 179 369 177 181 194 191 187 185 191 195NE WV 179 164 181 188 194 191 203 183 181 184 W NM 262 238 245 256 261 263 281 283 311 316

NE 3064 2818 2984 3105 3221 3142 3367 3379 3414 3481 W UT 255 239 252 248 261 249 249 282 324 349W WY 108 98 99 105 108 107 97 99 103 105

W 3443 3354 3278 3370 3494 3440 3665 3601 3664 3760Unallocated States 381 351 257 257 244 260 277 281 273 278Total 31720 28892 29815 31668 32957 32622 35509 36092 37500 38300Note. CCB= Central Cornbelt; ECB= Eastern CB; HP= High Plans; NE= Northeast; SC= South Cent.; SE= Southeast; W= West.

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

PRX_Soybeans, SDU, Oct-09-20 Total Protein Meal Fed by State Crop Year (Sep-Aug)

Region State 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 Region State 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21

(000s) Short Tons (000s) Short Tons

CCB5 IA 2392 2269 2411 2563 2653 2669 2928 3016 3061 3053 PNW ID 470 451 454 468 491 491 525 541 565 573CCB5 IL 926 870 908 929 957 990 1075 1094 1155 1188 PNW OR 219 204 215 218 225 220 222 227 221 225CCB5 MN 1779 1706 1780 1813 1874 1861 2018 2011 2051 2095 PNW WA 368 348 380 391 397 387 419 428 477 485CCB5 MO 1438 1088 1452 1507 1559 1590 1747 1803 1895 1953 PNW 1057 1003 1050 1076 1112 1099 1167 1196 1263 1283CCB5 WI 1023 968 1043 1054 1083 1068 1133 1116 1146 1167 SC AR 2385 2170 2057 2062 2115 2085 2221 2393 2496 2541

CCB5 7558 6902 7594 7866 8127 8179 8901 9041 9308 9457 SC KY 712 655 704 702 723 711 758 737 767 783ECB3 IN 1024 945 994 1051 1085 1079 1112 1224 1203 1206 SC LA 126 115 128 128 130 128 138 137 129 132ECB3 MI 523 500 552 576 599 591 644 685 704 717 SC MS 1433 1293 1269 1271 1301 1277 1364 1343 1405 1428ECB3 OH 865 810 903 924 957 955 1025 1110 1201 1235 SC OK 1319 1210 1188 1238 1306 1309 1427 1435 1510 1563

ECB3 2412 2256 2450 2551 2640 2625 2781 3019 3108 3158 SC TN 481 433 433 433 448 440 469 470 483 494HP4 KS 1164 1063 1087 1134 1198 1198 1294 1325 1406 1440 SC TX 2814 2522 2650 2741 2776 2782 3035 3228 3411 3474HP4 ND 159 155 160 155 162 166 175 163 173 178 SC 9269 8398 8430 8574 8800 8732 9412 9741 10200 10415HP4 NE 1596 1460 1499 1561 1620 1606 1817 1771 1828 1865 SE AL 1741 1576 1721 1722 1764 1738 1855 1993 2069 2101HP4 SD 644 616 630 641 694 701 789 840 914 953 SE FL 408 379 360 363 372 365 386 380 278 283

HP4 3563 3293 3375 3490 3674 3670 4075 4099 4321 4436 SE GA 2345 2127 2404 2410 2473 2433 2592 2594 2613 2657CB12 13534 12451 13418 13907 14442 14475 15757 16159 16737 17051 SE NC 2875 2670 2887 2929 3071 3064 3245 3229 3484 3541

NE DE 453 408 341 342 350 344 367 447 482 489 SE SC 542 496 542 544 557 549 584 574 570 582NE MD 466 423 536 537 550 540 574 575 555 564 SE 7910 7248 7914 7968 8237 8149 8663 8771 9015 9165NE NJ 82 75 85 86 88 86 91 96 97 99 W AZ 235 220 234 228 236 237 265 268 257 262NE NY 460 434 469 470 485 479 512 511 495 503 W CA 2127 1982 2107 2088 2144 2092 2231 2136 2053 2085NE PA 1069 996 1109 1112 1145 1127 1204 1223 1239 1269 W CO 767 679 713 717 740 759 820 813 872 901NE VA 805 749 787 786 824 792 841 793 803 818 W MT 194 422 197 194 208 205 200 199 204 210NE WV 209 193 217 217 223 220 232 210 207 210 W NM 295 269 282 284 290 292 310 315 346 351

NE 3543 3277 3543 3550 3664 3588 3823 3854 3878 3952 W UT 292 275 295 279 293 280 278 317 365 394W WY 118 107 112 114 117 116 104 106 111 113

W 4027 3955 3940 3905 4029 3982 4208 4154 4209 4316Unallocated States 430 398 291 280 266 284 302 308 297 303Total 39771 36731 38588 39261 40550 40309 43331 44183 45600 46485Note. CCB= Central Cornbelt; ECB= Eastern CB; HP= High Plans; NE= Northeast; SC= South Cent.; SE= Southeast; W= West.

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

PRX_Soybeans, SDU, Oct-09-20 Animal Protein Meals Fed by State Crop Year (Sep-Aug)

Region State 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 Region State 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21

(000s) Short Tons (000s) Short Tons

CCB5 IA 201 207 210 220 222 226 230 232 228 222 PNW ID 2 2 2 2 2 2 2 2 1 1CCB5 IL 84 85 84 85 85 89 91 90 93 94 PNW OR 9 9 9 9 9 9 8 8 7 7CCB5 MN 146 151 150 150 150 150 153 149 148 148 PNW WA 14 14 16 16 16 16 15 15 18 18CCB5 MO 122 96 127 130 130 133 138 140 142 144 PNW 25 25 27 26 26 26 25 24 26 26CCB5 WI 23 23 26 26 26 26 25 24 25 25 SC AR 237 234 209 206 204 202 201 212 214 213

CCB5 577 563 598 611 612 623 637 636 636 633 SC KY 58 57 59 58 58 57 57 54 55 55ECB3 IN 92 92 91 95 95 95 91 100 94 93 SC LA 8 8 8 8 8 8 8 8 7 7ECB3 MI 29 30 32 33 33 32 33 37 36 36 SC MS 143 139 129 127 126 125 124 119 120 120ECB3 OH 68 69 75 75 76 76 77 83 88 89 SC OK 100 102 93 95 97 97 98 95 98 100

ECB3 189 192 198 204 204 204 202 219 219 218 SC TN 36 35 33 33 33 32 32 32 32 32HP4 KS 28 28 28 29 31 29 28 29 31 32 SC TX 135 134 138 138 136 135 133 143 144 145HP4 ND 6 6 6 6 6 6 5 4 4 4 SC 717 709 670 665 661 656 655 663 670 672HP4 NE 67 66 64 67 69 70 73 68 71 71 SE AL 173 170 176 173 171 169 169 177 178 177HP4 SD 36 37 35 35 37 39 41 45 50 52 SE FL 27 27 22 22 22 22 22 21 11 11

HP4 136 137 132 137 142 144 147 146 156 159 SE GA 234 229 246 242 240 237 237 231 224 223CB12 903 892 928 952 957 971 986 1001 1011 1010 SE NC 292 293 301 299 304 305 302 293 305 304

NE DE 47 46 36 35 35 35 35 41 43 43 SE SC 53 53 55 54 54 53 53 51 49 49NE MD 45 44 53 53 52 52 51 50 47 46 SE 779 772 800 790 791 787 783 772 767 763NE NJ 8 8 9 8 8 8 8 8 8 8 W AZ 3 3 4 4 4 3 3 3 3 3NE NY 10 10 10 10 10 10 10 10 7 7 W CA 91 91 93 92 91 90 89 77 65 64NE PA 75 75 82 81 80 80 80 81 80 81 W CO 31 30 31 31 32 33 32 29 31 32NE VA 70 70 70 69 69 68 68 62 61 60 W MT 5 31 5 5 5 5 4 4 4 4NE WV 19 19 20 20 20 20 20 17 16 16 W NM 6 6 6 6 6 6 5 6 8 8

NE 273 271 281 277 275 272 271 269 262 262 W UT 21 22 22 20 20 19 17 20 24 26W WY 4 4 4 4 4 4 2 2 2 2

W 161 188 165 161 161 160 152 142 136 140Unallocated States 26 26 13 11 11 11 11 12 10 10Total 2883 2883 2883 2883 2883 2883 2883 2883 2883 2883Note. CCB= Central Cornbelt; ECB= Eastern CB; HP= High Plans; NE= Northeast; SC= South Cent.; SE= Southeast; W= West.

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

PRX_Soybeans, SDU, Oct-09-20 Cottonseed Meal Fed by State Crop Year (Sep-Aug)

Region State 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 Region State 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21

(000s) Short Tons (000s) Short Tons

CCB5 IA 0 0 0 0 0 0 0 0 0 0 PNW ID 0 0 0 0 0 0 0 0 0 0CCB5 IL 0 0 0 0 0 0 0 0 0 0 PNW OR 0 0 0 0 0 0 0 0 0 0CCB5 MN 0 0 0 0 0 0 0 0 0 0 PNW WA 0 0 0 0 0 0 0 0 0 0CCB5 MO 77 77 77 77 77 77 77 77 77 77 PNW 0 0 0 0 0 0 0 0 0 0CCB5 WI 0 0 0 0 0 0 0 0 0 0 SC AR 190 190 190 190 190 190 190 190 190 190

CCB5 77 77 77 77 77 77 77 77 77 77 SC KY 0 0 0 0 0 0 0 0 0 0ECB3 IN 0 0 0 0 0 0 0 0 0 0 SC LA 97 97 97 97 97 97 97 97 97 97ECB3 MI 0 0 0 0 0 0 0 0 0 0 SC MS 187 187 187 187 187 187 187 187 187 187ECB3 OH 0 0 0 0 0 0 0 0 0 0 SC OK 32 32 32 32 32 32 32 32 32 32

ECB3 0 0 0 0 0 0 0 0 0 0 SC TN 97 97 97 97 97 97 97 97 97 97HP4 KS 8 8 8 8 8 8 8 8 8 8 SC TX 714 714 714 714 714 714 714 714 714 714HP4 ND 0 0 0 0 0 0 0 0 0 0 SC 1316 1316 1316 1316 1316 1316 1316 1316 1316 1316HP4 NE 0 0 0 0 0 0 0 0 0 0 SE AL 74 74 74 74 74 74 74 74 74 74HP4 SD 0 0 0 0 0 0 0 0 0 0 SE FL 11 11 11 11 11 11 11 11 11 11

HP4 8 8 8 8 8 8 8 8 8 8 SE GA 186 186 186 186 186 186 186 186 186 186CB12 84 84 84 84 84 84 84 84 84 84 SE NC 124 124 124 124 124 124 124 124 124 124

NE DE 0 0 0 0 0 0 0 0 0 0 SE SC 36 36 36 36 36 36 36 36 36 36NE MD 0 0 0 0 0 0 0 0 0 0 SE 431 431 431 431 431 431 431 431 431 431NE NJ 0 0 0 0 0 0 0 0 0 0 W AZ 54 54 54 54 54 54 54 54 54 54NE NY 0 0 0 0 0 0 0 0 0 0 W CA 141 141 141 141 141 141 141 141 141 141NE PA 0 0 0 0 0 0 0 0 0 0 W CO 0 0 0 0 0 0 0 0 0 0NE VA 16 16 16 16 16 16 16 16 16 16 W MT 0 0 0 0 0 0 0 0 0 0NE WV 0 0 0 0 0 0 0 0 0 0 W NM 11 11 11 11 11 11 11 11 11 11

NE 16 16 16 16 16 16 16 16 16 16 W UT 0 0 0 0 0 0 0 0 0 0W WY 0 0 0 0 0 0 0 0 0 0

W 206 206 206 206 206 206 206 206 206 206Unallocated States 0 0 0 0 0 0 0 0 0 0Total 2054 2054 2054 2054 2054 2054 2054 2054 2054 2054Note. CCB= Central Cornbelt; ECB= Eastern CB; HP= High Plans; NE= Northeast; SC= South Cent.; SE= Southeast; W= West.

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

PRX_Soybeans, SDU, Oct-09-20 Other Oilseed Meal Fed by St (Excl Soy & Cottonseed) Crop Yr (Sep-Aug)

Region State 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 Region State 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21

(000s) Short Tons (000s) Short Tons

CCB5 IA 33 33 34 35 35 36 37 37 36 35 PNW ID 6 7 6 6 7 7 7 7 7 7CCB5 IL 13 13 13 13 13 13 13 13 14 14 PNW OR 3 3 3 3 3 3 3 3 3 3CCB5 MN 524 526 526 526 526 526 527 525 524 524 PNW WA 5 5 5 5 5 5 5 5 6 6CCB5 MO 20 16 20 21 21 21 22 22 22 23 PNW 14 15 15 15 15 15 15 15 15 15CCB5 WI 14 14 15 15 14 14 14 14 14 14 SC AR 33 32 29 29 28 28 28 29 30 30

CCB5 603 603 608 610 610 611 612 611 610 610 SC KY 10 10 10 10 10 10 9 9 9 9ECB3 IN 14 14 14 15 14 14 14 15 14 14 SC LA 2 2 2 2 2 2 2 2 2 2ECB3 MI 7 7 8 8 8 8 8 8 8 8 SC MS 20 19 18 18 17 17 17 16 17 17ECB3 OH 12 12 13 13 13 13 13 14 14 14 SC OK 18 18 17 17 17 18 18 18 18 18

ECB3 33 33 34 35 35 35 35 37 37 37 SC TN 7 6 6 6 6 6 6 6 6 6HP4 KS 16 16 15 16 16 16 16 16 17 17 SC TX 39 37 37 38 37 37 38 40 40 40HP4 ND 82 82 82 82 82 82 82 82 82 82 SC 127 124 119 119 118 117 117 119 121 121HP4 NE 22 22 21 22 22 22 23 22 22 22 SE AL 24 23 24 24 24 23 23 24 25 24HP4 SD 404 405 405 405 406 406 407 409 410 411 SE FL 6 6 5 5 5 5 5 5 3 3

HP4 524 525 523 524 525 526 528 528 530 531 SE GA 32 31 34 33 33 33 32 32 31 31CB12 1160 1161 1165 1169 1170 1172 1175 1176 1177 1177 SE NC 39 39 41 40 41 41 40 40 41 41

NE DE 6 6 5 5 5 5 5 5 6 6 SE SC 7 7 8 8 7 7 7 7 7 7NE MD 6 6 8 7 7 7 7 7 7 7 SE 108 107 111 110 110 109 108 107 107 106NE NJ 1 1 1 1 1 1 1 1 1 1 W AZ 3 3 3 3 3 3 3 3 3 3NE NY 6 6 7 7 6 6 6 6 6 6 W CA 29 29 30 29 29 28 28 26 24 24NE PA 15 15 16 15 15 15 15 15 15 15 W CO 10 10 10 10 10 10 10 10 10 10NE VA 11 11 11 11 11 11 10 10 10 9 W MT 3 6 3 3 3 3 2 2 2 2NE WV 3 3 3 3 3 3 3 3 2 2 W NM 4 4 4 4 4 4 4 4 4 4

NE 49 48 50 49 49 48 48 47 46 46 W UT 4 4 4 4 4 4 3 4 4 5W WY 2 2 2 2 2 2 1 1 1 1

W 55 58 55 54 54 53 52 51 50 50Unallocated States 6 6 4 4 4 4 4 4 4 4Total 1519 1519 1519 1519 1519 1519 1519 1519 1519 1519Note. CCB= Central Cornbelt; ECB= Eastern CB; HP= High Plans; NE= Northeast; SC= South Cent.; SE= Southeast; W= West.

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

PRX_Soybeans, SDU, Oct-09-20 Gluten Feed & Meal Fed by State Crop Year (Sep-Aug)

Region State 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 Region State 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21

(000s) Short Tons (000s) Short Tons

CCB5 IA 96 85 145 74 74 82 92 112 110 114 PNW ID 19 17 27 14 14 15 17 20 20 21CCB5 IL 37 33 55 27 27 30 34 40 42 44 PNW OR 9 8 13 6 6 7 7 8 8 8CCB5 MN 71 64 107 52 53 57 64 74 74 78 PNW WA 15 13 23 11 11 12 13 16 17 18CCB5 MO 58 41 87 44 44 49 55 67 68 73 PNW 42 38 63 31 31 34 37 44 46 48CCB5 WI 41 36 63 31 30 33 36 41 41 43 SC AR 96 82 124 60 59 64 70 89 90 95

CCB5 303 260 456 228 228 250 281 335 335 352 SC KY 29 25 42 20 20 22 24 27 28 29ECB3 IN 41 36 60 30 30 33 35 45 43 45 SC LA 5 4 8 4 4 4 4 5 5 5ECB3 MI 21 19 33 17 17 18 20 25 25 27 SC MS 57 49 76 37 36 39 43 50 51 53ECB3 OH 35 31 54 27 27 29 32 41 43 46 SC OK 53 46 71 36 37 40 45 53 54 58

ECB3 97 85 147 74 74 80 88 112 112 117 SC TN 19 16 26 13 13 13 15 17 17 18HP4 KS 47 40 65 33 34 37 41 49 51 54 SC TX 113 95 159 79 78 85 96 119 123 129HP4 ND 6 6 10 4 5 5 6 6 6 7 SC 372 316 506 248 247 267 297 361 368 387HP4 NE 64 55 90 45 45 49 57 66 66 69 SE AL 70 59 103 50 49 53 58 74 75 78HP4 SD 26 23 38 19 19 21 25 31 33 35 SE FL 16 14 22 11 10 11 12 14 10 11

HP4 143 124 203 101 103 112 128 152 156 165 SE GA 94 80 144 70 69 74 82 96 94 99CB12 543 469 806 403 405 442 497 598 603 634 SE NC 115 100 173 85 86 94 102 120 126 132

NE DE 18 15 20 10 10 11 12 17 17 18 SE SC 22 19 33 16 16 17 18 21 21 22NE MD 19 16 32 16 15 16 18 21 20 21 SE 317 273 475 231 231 249 273 325 325 341NE NJ 3 3 5 2 2 3 3 4 4 4 W AZ 9 8 14 7 7 7 8 10 9 10NE NY 18 16 28 14 14 15 16 19 18 19 W CA 85 75 127 60 60 64 70 79 74 78NE PA 43 37 67 32 32 34 38 45 45 47 W CO 31 26 43 21 21 23 26 30 31 34NE VA 32 28 47 23 23 24 27 29 29 30 W MT 8 16 12 6 6 6 6 7 7 8NE WV 8 7 13 6 6 7 7 8 7 8 W NM 12 10 17 8 8 9 10 12 12 13

NE 142 123 213 103 103 110 120 143 140 147 W UT 12 10 18 8 8 9 9 12 13 15W WY 5 4 7 3 3 4 3 4 4 4

W 162 149 237 113 113 122 133 154 152 161Unallocated States 17 15 17 8 7 9 10 11 11 11Total 1595 1383 2317 1137 1137 1231 1366 1635 1644 1729Note. CCB= Central Cornbelt; ECB= Eastern CB; HP= High Plans; NE= Northeast; SC= South Cent.; SE= Southeast; W= West.

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

UNITED STATES Soybean Supply-Demand Crop Year (Sep-Aug)Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Carry-in mil bu 151 215 169 141 92 191 197 301 438 909 523 Area planted thou ac 77404 75046 77198 76840 83276 82650 83433 90162 89167 76100 83105 Area harvested thou ac 76610 73776 76144 76252 82593 81732 82696 89542 87594 74939 82289 Yield bu/ac 43 42 40 44 48 48 52 49 51 47 52Production mil bu 3329 3094 3042 3358 3926 3926 4296 4412 4428 3552 4268Supply mil bu 3494 3325 3252 3571 4052 4141 4515 4735 4880 4476 4806Disappearance (Use) mil bu 3279 3156 3111 3479 3861 3944 4213 4297 3971 3953 4516Seed/Residual Use mil bu 148 89 105 104 145 123 131 109 131 101 135Crush mil bu 1630 1703 1689 1734 1873 1886 1901 2055 2092 2170 2180Use in State mil bu 1778 1792 1794 1838 2018 2009 2032 2164 2223 2271 2315Carry-out mil bu 215 169 141 92 191 197 301 438 909 523 290Net Exports mil bu -1501 -1364 -1317 -1641 -1843 -1935 -2181 -2133 -1748 -1682 -2201(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu 1217 1313 1453 1332 1000 918 946 938 843 852 naUS Farm Price cts/bu 1217 1313 1453 1332 1000 918 946 938 843 852 naState price minus US cts/bu 0 0 0 0 0 0 0 0 0 0 na

Soybean crush mil bu 1630 1703 1689 1734 1873 1886 1901 2055 2092 2170 2180 Soymeal yield lbs/bu 47.7 47.9 47.7 47.7 47.5 47.3 46.8 48.4 47.3 47.1 47.2Soymeal production thou st 38879 40810 40283 41356 44517 44593 44460 49719 49492 51096 51404

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

UNITED STATES Soybean Supply-Demand (con't) Crop Year (Sep-Aug)

Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Soymeal fed in state thou st 30044 31720 28892 29815 31668 32957 32622 35509 36092 37500 38300HPCAUs thou 134785 135457 132219 132012 134123 135355 136783 137832 140945 142397 143046Soymeal fed per HPCAU st 0.223 0.234 0.219 0.226 0.236 0.243 0.238 0.258 0.256 0.263 0.268Protein fed, total thou st 37972 39771 36731 38588 39261 40550 40309 43331 44183 45600 46485 of which, Dairy thou st 4870 5122 4836 5082 5146 5288 5211 5608 5543 5647 5730 Beef cattle thou st 6626 6874 6265 6444 6536 6774 6767 7459 7521 7732 7847 Hogs thou st 7298 7787 7327 7456 7903 8351 8523 9293 9619 10365 10729 Poultry thou st 18842 19637 17970 19256 19326 19778 19455 20755 21286 21637 21957 Other thou st 337 351 333 350 350 359 353 216 214 219 222Non-soy olsd meal fed thou st 1519 1519 1519 1519 1519 1519 1519 1519 1519 1519 1519Animal protein fed thou st 2883 2883 2883 2883 2883 2883 2883 2883 2883 2883 2883Gluten feed & meal fed thou st 1472 1595 1383 2317 1137 1137 1231 1366 1635 1644 1729Net Soymeal exports thou st -8835 -9090 -11391 -11541 -12849 -11636 -11838 -14210 -13400 -13596 -13104

Soyoil yield lbs/bu 11.40 11.40 11.60 11.60 11.25 11.50 11.81 11.73 11.76 11.62 11.75Soyoil production mil lbs 18585 19414 19592 20114 21068 21685 22442 24108 24595 25214 25615

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st 35172 34625 31615 34874 36255 37535 38297 39525 37719 33731 35707 adjusted to 48% protein thou st 20517 20198 18442 20343 21149 21896 22340 23056 22003 19676 20829

HPCAU_Dairy thou 17286 17445 17409 17386 17579 17650 17684 17839 17683 17633 17633HPCAU_Beef Cattle thou 23518 23413 22552 22045 22329 22613 22962 23726 23992 24146 24146HPCAU_Hogs thou 25903 26521 26375 25508 26999 27876 28920 29559 30684 32367 33015HPCAU_Poultry thou 66881 66881 64686 65875 66020 66020 66020 66020 67902 67568 67568HPCAU_Other thou 1197 1197 1197 1197 1197 1197 1197 688 683 683 683HPCAU_Total thou 134785 135457 132219 132012 134123 135355 136783 137832 140945 142397 143046

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

North Dakota Soybean Supply-Demand Crop year (Sep-Aug)Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Carry-in mil bu 4 8 6 2 1 4 5 17 16 40 23 Area planted thou ac 4100 4000 4750 4650 5900 5750 6050 7100 6900 5600 5750 Area harvested thou ac 4070 3960 4730 4630 5870 5720 5990 7050 6840 5400 5700 Yield bu/ac 34 29 35 31 35 33 42 35 35 32 34Production mil bu 138 115 163 141 203 186 249 243 239 170 194Supply mil bu 143 123 170 144 204 190 254 260 255 210 217Disappearance (Use) mil bu 134 117 167 140 200 185 237 244 216 187 204Seed/Residual Use mil bu 7 5 7 6 9 8 9 8 9 7 9Crush mil bu 0 0 0 0 0 0 0 0 10 9 9Use in State mil bu 7 5 7 6 9 8 9 8 20 17 18Carry-out mil bu 8 6 2 3 4 5 17 16 40 23 13Net Exports mil bu -127 -112 -160 -134 -191 -177 -228 -235 -196 -170 -186(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu 1164 1261 1393 1239 926 873 888 888 789 783 naUS Farm Price cts/bu 1217 1313 1453 1332 1000 918 946 938 843 852 naState price minus US cts/bu -53 -52 -60 -93 -73 -46 -58 -49 -54 -69 na

Soybean crush mil bu 0 0 0 0 0 0 0 0 10 9 9 Soymeal yield lbs/bu 47.3 47.1 47.2Soymeal production thou st 0 0 0 0 0 0 0 0 247 221 223

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

North Dakota Soybean Supply-Demand (con't) Crop year (Sep-Aug)

Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Soymeal fed in state thou st 60 65 61 63 63 69 73 82 72 81 85HPCAUs thou 546 540 557 548 528 539 563 556 521 541 548Soymeal fed per HPCAU st 0.110 0.120 0.109 0.114 0.119 0.129 0.130 0.148 0.137 0.150 0.155Protein fed, total thou st 154 159 155 160 155 162 166 175 163 173 178 of which, Dairy thou st 11 10 10 10 9 9 9 10 9 9 9 Beef cattle thou st 91 95 94 97 92 97 102 111 109 116 118 Hogs thou st 23 24 22 23 24 25 25 26 24 28 31 Poultry thou st 23 24 22 23 23 24 24 25 18 17 18 Other thou st 6 6 6 6 6 7 6 3 3 3 3Non-soy olsd meal fed thou st 82 82 82 82 82 82 82 82 82 82 82Animal protein fed thou st 6 6 6 6 6 6 6 5 4 4 4Gluten feed & meal fed thou st 6 6 6 10 4 5 5 6 6 6 7Net Soymeal exports thou st 60 64 60 62 62 69 73 82 -176 -141 -138

Soyoil yield lbs/bu 11.40 11.40 11.60 11.60 11.25 11.50 11.81 11.73 11.76 11.62 11.75Soyoil production mil lbs 0 0 0 0 0 0 0 0 123 109 111

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st 1035 1136 1019 1128 1112 1287 1280 1388 1251 1230 1305 adjusted to 48% protein thou st 604 663 594 658 648 751 746 810 730 717 762

HPCAU_Dairy thou 38 34 35 33 30 30 31 31 28 28 28HPCAU_Beef Cattle thou 324 323 340 333 316 325 347 354 349 362 362HPCAU_Hogs thou 82 81 79 80 81 82 84 81 76 87 94HPCAU_Poultry thou 80 80 80 80 80 80 80 80 58 54 54HPCAU_Other thou 22 22 22 22 22 22 22 9 9 9 9HPCAU_Total thou 546 540 557 548 528 539 563 556 521 541 548

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

South Dakota Soybean Supply-Demand Crop year (Sep-Aug)Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Carry-in mil bu 6 13 10 6 3 8 9 18 21 58 34 Area planted thou ac 4200 4100 4750 4600 5150 5150 5200 5650 5650 3500 4950 Area harvested thou ac 4140 4070 4720 4580 5110 5120 5170 5610 5580 3440 4900 Yield bu/ac 38 37 31 41 45 46 50 43 45 43 48Production mil bu 157 151 144 185 230 236 256 241 251 146 235Supply mil bu 163 164 154 192 233 243 265 259 272 205 269Disappearance (Use) mil bu 150 153 148 186 226 234 248 238 214 171 250Seed/Residual Use mil bu 8 5 6 6 9 8 8 7 8 5 8Crush mil bu 23 24 24 24 27 27 27 32 60 81 82Use in State mil bu 30 29 30 31 36 35 35 39 68 86 90Carry-out mil bu 13 10 6 5 8 9 18 21 58 34 19Net Exports mil bu -120 -124 -118 -156 -190 -199 -212 -199 -146 -85 -161(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu 1183 1278 1425 1285 940 876 902 899 793 815 naUS Farm Price cts/bu 1217 1313 1453 1332 1000 918 946 938 843 852 naState price minus US cts/bu -34 -35 -28 -47 -60 -43 -43 -38 -50 -37 na

Soybean crush mil bu 23 24 24 24 27 27 27 32 60 81 82 Soymeal yield lbs/bu 47.7 47.9 47.7 47.7 47.5 47.3 46.8 48.4 47.3 47.1 47.2Soymeal production thou st 546 573 565 580 642 643 641 784 1411 1916 1928

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

South Dakota Soybean Supply-Demand (con't) Crop year (Sep-Aug)

Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Soymeal fed in state thou st 151 178 151 152 183 232 235 315 356 421 455HPCAUs thou 2180 2193 2216 2154 2189 2317 2379 2509 2680 2856 2932Soymeal fed per HPCAU st 0.069 0.081 0.068 0.071 0.083 0.100 0.099 0.126 0.133 0.148 0.155Protein fed, total thou st 614 644 616 630 641 694 701 789 840 914 953 of which, Dairy thou st 46 49 49 53 55 62 64 69 71 75 76 Beef cattle thou st 245 252 240 246 248 271 255 286 287 283 287 Hogs thou st 232 249 237 243 248 270 293 350 398 470 502 Poultry thou st 70 73 69 68 68 70 69 73 75 75 76 Other thou st 20 21 20 21 21 21 21 10 11 11 11Non-soy olsd meal fed thou st 404 404 405 405 405 406 406 407 409 410 411Animal protein fed thou st 35 36 37 35 35 37 39 41 45 50 52Gluten feed & meal fed thou st 24 26 23 38 19 19 21 25 31 33 35Net Soymeal exports thou st -396 -396 -416 -429 -461 -412 -408 -470 -1057 -1496 -1475

Soyoil yield lbs/bu 11.40 11.40 11.60 11.60 11.25 11.50 11.81 11.73 11.76 11.62 11.75Soyoil production mil lbs 261 272 275 282 304 313 324 380 701 946 961

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st 2938 2759 2659 2944 2901 2906 2864 2941 3035 3149 3341 adjusted to 48% protein thou st 1714 1610 1551 1717 1692 1695 1671 1716 1770 1837 1949

HPCAU_Dairy thou 165 167 176 180 189 207 216 221 225 235 235HPCAU_Beef Cattle thou 869 858 864 840 848 903 866 908 914 884 884HPCAU_Hogs thou 825 846 854 830 847 902 993 1113 1269 1469 1545HPCAU_Poultry thou 250 250 250 232 233 233 233 233 239 234 234HPCAU_Other thou 72 72 72 72 72 72 72 33 34 34 34HPCAU_Total thou 2180 2193 2216 2154 2189 2317 2379 2509 2680 2856 2932

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Nebraska Soybean Supply-Demand Crop year (Sep-Aug)Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Carry-in mil bu 9 15 12 10 7 16 16 23 41 64 37 Area planted thou ac 5150 4900 5050 4800 5400 5300 5200 5700 5650 4900 5200 Area harvested thou ac 5100 4840 4990 4770 5330 5270 5150 5670 5590 4840 5150 Yield bu/ac 53 54 42 54 54 58 61 58 58 59 60Production mil bu 268 261 207 255 288 306 314 326 324 283 309Supply mil bu 277 277 219 265 295 321 330 349 365 347 346Disappearance (Use) mil bu 262 265 209 257 279 305 307 308 301 310 325Seed/Residual Use mil bu 11 6 7 7 10 8 9 7 9 7 9Crush mil bu 77 81 80 82 91 92 93 109 124 130 131Use in State mil bu 88 87 87 89 101 100 101 116 133 137 140Carry-out mil bu 15 12 10 8 16 16 23 41 64 37 20Net Exports mil bu -174 -178 -122 -168 -178 -205 -206 -192 -168 -173 -186(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu 1202 1292 1425 1317 970 894 915 916 814 821 naUS Farm Price cts/bu 1217 1313 1453 1332 1000 918 946 938 843 852 naState price minus US cts/bu -15 -22 -28 -15 -29 -24 -30 -22 -29 -31 na

Soybean crush mil bu 77 81 80 82 91 92 93 109 124 130 131 Soymeal yield lbs/bu 47.7 47.9 47.7 47.7 47.5 47.3 46.8 48.4 47.3 47.1 47.2Soymeal production thou st 1842 1933 1908 1959 2167 2171 2165 2646 2940 3069 3088

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Nebraska Soybean Supply-Demand (con't) Crop year (Sep-Aug)

Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Soymeal fed in state thou st 1336 1443 1318 1324 1428 1484 1465 1664 1616 1669 1703HPCAUs thou 5256 5438 5257 5127 5332 5409 5449 5779 5650 5708 5740Soymeal fed per HPCAU st 0.254 0.265 0.251 0.258 0.268 0.274 0.269 0.288 0.286 0.292 0.297Protein fed, total thou st 1481 1596 1460 1499 1561 1620 1606 1817 1771 1828 1865 of which, Dairy thou st 30 30 28 29 29 33 33 34 34 35 36 Beef cattle thou st 843 919 845 871 895 908 882 1019 1004 1001 1016 Hogs thou st 464 497 445 469 505 545 558 622 620 665 685 Poultry thou st 140 146 138 127 128 131 129 138 110 124 126 Other thou st 3 4 3 4 4 4 4 3 3 3 3Non-soy olsd meal fed thou st 21 22 22 21 22 22 22 23 22 22 22Animal protein fed thou st 66 67 66 64 67 69 70 73 68 71 71Gluten feed & meal fed thou st 57 64 55 90 45 45 49 57 66 66 69Net Soymeal exports thou st -512 -497 -597 -642 -747 -693 -706 -989 -1330 -1406 -1391

Soyoil yield lbs/bu 11.40 11.40 11.60 11.60 11.25 11.50 11.81 11.73 11.76 11.62 11.75Soyoil production mil lbs 880 920 928 953 1026 1056 1093 1283 1461 1514 1539

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st 4417 4413 3769 3984 4475 4481 4573 4756 4607 4218 4477 adjusted to 48% protein thou st 2576 2574 2199 2324 2611 2614 2668 2774 2688 2461 2611

HPCAU_Dairy thou 107 102 102 98 100 110 112 109 108 110 110HPCAU_Beef Cattle thou 2992 3131 3042 2979 3057 3029 2992 3242 3204 3125 3125HPCAU_Hogs thou 1646 1693 1603 1603 1725 1819 1895 1980 1977 2076 2108HPCAU_Poultry thou 499 499 497 434 438 438 438 438 352 387 387HPCAU_Other thou 12 12 12 12 12 12 12 11 10 10 10HPCAU_Total thou 5256 5438 5257 5127 5332 5409 5449 5779 5650 5708 5740

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Kansas Soybean Supply-Demand Crop year (Sep-Aug)Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Carry-in mil bu 5 6 5 4 2 9 5 11 18 47 27 Area planted thou ac 4300 4000 4000 3600 4000 3900 4050 5150 4750 4550 4800 Area harvested thou ac 4250 3760 3820 3540 3960 3860 4010 5110 4690 4490 4750 Yield bu/ac 33 27 23 37 36 39 48 38 43 42 44Production mil bu 138 102 88 131 141 149 192 192 202 186 209Supply mil bu 143 108 93 135 143 158 198 203 220 233 236Disappearance (Use) mil bu 136 103 89 131 134 152 187 184 173 206 221Seed/Residual Use mil bu 7 5 5 5 6 6 6 6 7 6 7Crush mil bu 49 51 50 52 57 58 58 69 66 78 78Use in State mil bu 56 56 56 57 64 63 64 75 72 84 86Carry-out mil bu 6 5 4 4 9 5 11 18 47 27 15Net Exports mil bu -80 -47 -33 -74 -70 -89 -122 -109 -101 -122 -135(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu 1250 1298 1435 1329 961 897 921 911 798 823 naUS Farm Price cts/bu 1217 1313 1453 1332 1000 918 946 938 843 852 naState price minus US cts/bu 34 -16 -18 -3 -38 -21 -24 -27 -45 -29 na

Soybean crush mil bu 49 51 50 52 57 58 58 69 66 78 78 Soymeal yield lbs/bu 47.7 47.9 47.7 47.7 47.5 47.3 46.8 48.4 47.3 47.1 47.2Soymeal production thou st 1160 1217 1201 1233 1365 1367 1363 1666 1552 1835 1846

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Kansas Soybean Supply-Demand (con't) Crop year (Sep-Aug)

Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Soymeal fed in state thou st 1031 1066 971 971 1048 1110 1108 1201 1223 1300 1330HPCAUs thou 3998 3965 3825 3718 3873 4000 4064 4117 4226 4389 4430Soymeal fed per HPCAU st 0.258 0.269 0.254 0.261 0.271 0.278 0.273 0.292 0.289 0.296 0.300Protein fed, total thou st 1126 1164 1063 1087 1134 1198 1198 1294 1325 1406 1440 of which, Dairy thou st 67 70 72 78 80 84 85 98 103 106 107 Beef cattle thou st 809 826 737 751 772 811 825 900 908 957 971 Hogs thou st 197 213 201 203 226 245 231 241 260 286 304 Poultry thou st 47 49 46 49 49 50 50 53 51 54 55 Other thou st 7 7 6 7 7 7 7 3 3 3 3Non-soy olsd meal fed thou st 16 16 16 15 16 16 16 16 16 17 17Animal protein fed thou st 27 28 28 28 29 31 29 28 29 31 32Gluten feed & meal fed thou st 44 47 40 65 33 34 37 41 49 51 54Net Soymeal exports thou st -133 -156 -236 -267 -322 -262 -260 -470 -335 -540 -521

Soyoil yield lbs/bu 11.40 11.40 11.60 11.60 11.25 11.50 11.81 11.73 11.76 11.62 11.75Soyoil production mil lbs 554 579 584 600 646 665 688 808 771 905 920

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st 1445 1375 1281 1558 1400 1874 1782 1538 1725 1779 1868 adjusted to 48% protein thou st 843 802 747 909 817 1093 1039 897 1006 1038 1089

HPCAU_Dairy thou 237 239 258 265 272 281 290 311 328 331 331HPCAU_Beef Cattle thou 2873 2812 2655 2569 2639 2709 2800 2864 2897 2988 2988HPCAU_Hogs thou 698 725 724 693 771 819 783 765 828 893 934HPCAU_Poultry thou 167 167 165 168 168 168 168 168 163 168 168HPCAU_Other thou 23 23 23 23 23 23 23 9 9 9 9HPCAU_Total thou 3998 3965 3825 3718 3873 4000 4064 4117 4226 4389 4430

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Minnesota Soybean Supply-Demand Crop year (Sep-Aug)Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Carry-in mil bu 15 25 20 16 10 17 17 33 42 93 54 Area planted thou ac 7400 7100 7050 6700 7350 7600 7550 8150 7750 6850 7400 Area harvested thou ac 7310 7040 7000 6620 7270 7550 7490 8090 7650 6770 7330 Yield bu/ac 45 39 44 42 42 50 52 48 49 44 52Production mil bu 329 275 305 278 302 378 389 384 375 298 381Supply mil bu 344 300 324 294 312 395 407 417 417 391 435Disappearance (Use) mil bu 319 280 309 285 295 378 374 375 323 338 405Seed/Residual Use mil bu 14 9 10 9 12 11 12 10 11 9 12Crush mil bu 157 164 163 167 186 187 189 223 209 211 212Use in State mil bu 172 173 173 177 198 198 200 233 220 220 224Carry-out mil bu 25 20 16 9 17 17 33 42 93 54 30Net Exports mil bu -147 -107 -136 -108 -97 -179 -174 -143 -103 -117 -181(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu 1171 1295 1438 1318 993 895 927 920 833 822 naUS Farm Price cts/bu 1217 1313 1453 1332 1000 918 946 938 843 852 naState price minus US cts/bu -45 -18 -16 -14 -7 -23 -19 -18 -10 -30 na

Soybean crush mil bu 157 164 163 167 186 187 189 223 209 211 212 Soymeal yield lbs/bu 47.7 47.9 47.7 47.7 47.5 47.3 46.8 48.4 47.3 47.1 47.2Soymeal production thou st 3752 3938 3887 3991 4415 4423 4409 5390 4939 4968 4998

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Minnesota Soybean Supply-Demand (con't) Crop year (Sep-Aug)

Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Soymeal fed in state thou st 947 1038 964 997 1084 1146 1128 1275 1263 1305 1345HPCAUs thou 5961 6061 6142 6090 6192 6257 6315 6420 6416 6403 6448Soymeal fed per HPCAU st 0.159 0.171 0.157 0.164 0.175 0.183 0.179 0.199 0.197 0.204 0.209Protein fed, total thou st 1679 1779 1706 1780 1813 1874 1861 2018 2011 2051 2095 of which, Dairy thou st 254 262 248 258 258 266 261 276 269 270 274 Beef cattle thou st 102 107 114 114 118 128 125 133 132 129 131 Hogs thou st 740 803 773 810 837 866 871 969 980 1034 1064 Poultry thou st 574 599 563 590 592 605 596 635 626 612 621 Other thou st 8 8 8 8 8 8 8 5 5 5 5Non-soy olsd meal fed thou st 523 524 526 526 526 526 526 527 525 524 524Animal protein fed thou st 144 146 151 150 150 150 150 153 149 148 148Gluten feed & meal fed thou st 65 71 64 107 52 53 57 64 74 74 78Net Soymeal exports thou st -2809 -2905 -2928 -2998 -3336 -3282 -3286 -4120 -3681 -3669 -3658

Soyoil yield lbs/bu 11.40 11.40 11.60 11.60 11.25 11.50 11.81 11.73 11.76 11.62 11.75Soyoil production mil lbs 1793 1873 1891 1941 2089 2151 2226 2613 2454 2452 2491

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st 3197 2742 2376 2556 3142 3173 3115 3438 2996 2900 3078 adjusted to 48% protein thou st 1865 1600 1386 1491 1833 1851 1817 2006 1748 1692 1796

HPCAU_Dairy thou 903 893 891 883 883 888 887 876 858 842 842HPCAU_Beef Cattle thou 363 366 411 391 402 429 424 422 420 404 404HPCAU_Hogs thou 2628 2736 2784 2772 2859 2892 2956 3084 3125 3230 3275HPCAU_Poultry thou 2039 2039 2027 2017 2021 2021 2021 2021 1996 1911 1911HPCAU_Other thou 28 28 28 28 28 28 28 17 16 16 16HPCAU_Total thou 5961 6061 6142 6090 6192 6257 6315 6420 6416 6403 6448

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Iowa Soybean Supply-Demand Crop year (Sep-Aug)Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Carry-in mil bu 38 47 37 40 22 37 37 53 88 159 91 Area planted thou ac 9800 9350 9350 9300 9850 9850 9500 10000 9950 9200 9400 Area harvested thou ac 9730 9230 9310 9250 9770 9800 9440 9940 9830 9120 9320 Yield bu/ac 51 52 45 46 51 57 60 57 56 55 56Production mil bu 496 475 419 421 498 554 566 567 550 502 522Supply mil bu 534 522 456 461 520 591 603 620 638 661 613Disappearance (Use) mil bu 487 485 416 440 483 554 550 532 479 569 563Seed/Residual Use mil bu 20 12 13 13 18 15 16 12 15 12 16Crush mil bu 355 370 367 377 414 417 420 508 435 431 433Use in State mil bu 375 382 381 390 432 432 436 520 451 443 449Carry-out mil bu 47 37 40 21 37 37 53 88 159 91 51Net Exports mil bu -113 -103 -35 -49 -51 -122 -114 -12 -29 -126 -114(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu 1208 1308 1454 1338 992 902 936 927 838 847 naUS Farm Price cts/bu 1217 1313 1453 1332 1000 918 946 938 843 852 naState price minus US cts/bu -9 -6 1 6 -7 -16 -10 -11 -5 -6 na

Soybean crush mil bu 355 370 367 377 414 417 420 508 435 431 433 Soymeal yield lbs/bu 47.7 47.9 47.7 47.7 47.5 47.3 46.8 48.4 47.3 47.1 47.2Soymeal production thou st 8458 8878 8764 8997 9842 9859 9830 12284 10301 10149 10210

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Iowa Soybean Supply-Demand (con't) Crop year (Sep-Aug)

Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Soymeal fed in state thou st 1924 2062 1943 2022 2233 2322 2326 2569 2635 2686 2682HPCAUs thou 7948 8146 8168 8247 8755 8857 9058 9313 9620 9559 9396Soymeal fed per HPCAU st 0.242 0.253 0.238 0.245 0.255 0.262 0.257 0.276 0.274 0.281 0.285Protein fed, total thou st 2239 2392 2269 2411 2563 2653 2669 2928 3016 3061 3053 of which, Dairy thou st 114 118 109 115 118 120 122 133 132 131 133 Beef cattle thou st 325 333 318 328 337 344 330 382 376 377 383 Hogs thou st 1223 1338 1273 1304 1435 1501 1541 1696 1763 1755 1728 Poultry thou st 568 592 559 654 662 677 666 711 739 791 803 Other thou st 10 10 10 10 10 10 10 7 6 6 7Non-soy olsd meal fed thou st 32 33 33 34 35 35 36 37 37 36 35Animal protein fed thou st 196 201 207 210 220 222 226 230 232 228 222Gluten feed & meal fed thou st 87 96 85 145 74 74 82 92 112 110 114Net Soymeal exports thou st -6544 -6826 -6831 -6985 -7620 -7548 -7514 -9726 -7677 -7474 -7539

Soyoil yield lbs/bu 11.40 11.40 11.60 11.60 11.25 11.50 11.81 11.73 11.76 11.62 11.75Soyoil production mil lbs 4043 4224 4262 4376 4658 4794 4962 5956 5119 5008 5088

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st 8498 8081 7769 8600 8475 8423 8515 9104 8809 8186 8690 adjusted to 48% protein thou st 4957 4714 4532 5017 4944 4913 4967 5311 5139 4775 5069

HPCAU_Dairy thou 403 403 392 392 403 401 414 422 420 408 408HPCAU_Beef Cattle thou 1153 1133 1146 1122 1153 1149 1121 1214 1199 1177 1177HPCAU_Hogs thou 4340 4558 4583 4462 4903 5012 5229 5394 5623 5482 5318HPCAU_Poultry thou 2018 2018 2013 2237 2261 2261 2261 2261 2358 2472 2472HPCAU_Other thou 34 34 34 34 34 34 34 22 20 20 20HPCAU_Total thou 7948 8146 8168 8247 8755 8857 9058 9313 9620 9559 9396

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Missouri Soybean Supply-Demand Crop year (Sep-Aug)Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Carry-in mil bu 6 7 6 8 5 14 10 16 20 49 28 Area planted thou ac 5150 5350 5400 5650 5650 4550 5600 5950 5850 5100 5850 Area harvested thou ac 5070 5210 5270 5610 5590 4470 5540 5910 5780 5010 5780 Yield bu/ac 42 37 30 36 47 41 49 50 45 46 50Production mil bu 210 190 158 202 260 181 271 293 257 230 289Supply mil bu 217 198 164 210 265 195 282 308 277 279 317Disappearance (Use) mil bu 209 192 156 205 251 184 266 288 228 251 302Seed/Residual Use mil bu 10 7 7 8 10 7 9 7 8 7 9Crush mil bu 142 148 147 151 122 123 124 94 149 149 150Use in State mil bu 151 155 154 159 131 129 132 101 157 156 159Carry-out mil bu 7 6 8 4 14 10 16 20 49 28 16Net Exports mil bu -58 -37 -2 -47 -120 -55 -134 -188 -71 -95 -142(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu 1235 1341 1466 1350 1004 941 958 950 851 871 naUS Farm Price cts/bu 1217 1313 1453 1332 1000 918 946 938 843 852 naState price minus US cts/bu 19 28 13 18 4 23 12 12 8 19 na

Soybean crush mil bu 142 148 147 151 122 123 124 94 149 149 150 Soymeal yield lbs/bu 47.7 47.9 47.7 47.7 47.5 47.3 46.8 48.4 47.3 47.1 47.2Soymeal production thou st 3383 3551 3505 3598 2893 2898 2890 2264 3528 3515 3536

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Missouri Soybean Supply-Demand (con't) Crop year (Sep-Aug)

Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Soymeal fed in state thou st 1087 1162 859 1140 1236 1288 1311 1456 1498 1586 1637HPCAUs thou 4812 4898 3918 4967 5150 5204 5396 5558 5752 5919 6009Soymeal fed per HPCAU st 0.226 0.237 0.219 0.230 0.240 0.247 0.243 0.262 0.260 0.268 0.272Protein fed, total thou st 1356 1438 1088 1452 1507 1559 1590 1747 1803 1895 1953 of which, Dairy thou st 51 51 48 50 50 50 48 50 48 46 47 Beef cattle thou st 203 210 185 206 214 225 235 251 245 257 261 Hogs thou st 469 518 248 481 526 550 585 675 741 811 852 Poultry thou st 629 656 604 712 714 731 719 767 765 777 789 Other thou st 3 3 3 3 3 3 3 4 4 4 4Non-soy olsd meal fed thou st 19 20 16 20 21 21 21 22 22 22 23Animal protein fed thou st 120 122 96 127 130 130 133 138 140 142 144Gluten feed & meal fed thou st 53 58 41 87 44 44 49 55 67 68 73Net Soymeal exports thou st -2301 -2394 -2651 -2464 -1663 -1616 -1585 -814 -2036 -1936 -1906

Soyoil yield lbs/bu 11.40 11.40 11.60 11.60 11.25 11.50 11.81 11.73 11.76 11.62 11.75Soyoil production mil lbs 1617 1689 1705 1750 1369 1409 1459 1098 1753 1734 1762

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st 817 786 765 828 787 783 754 756 731 693 736 adjusted to 48% protein thou st 477 459 446 483 459 457 440 441 426 404 429

HPCAU_Dairy thou 180 174 174 171 172 167 161 158 153 145 145HPCAU_Beef Cattle thou 722 716 667 703 730 751 799 800 781 802 802HPCAU_Hogs thou 1666 1764 893 1645 1797 1836 1986 2147 2364 2532 2622HPCAU_Poultry thou 2233 2233 2173 2436 2439 2439 2439 2439 2440 2427 2427HPCAU_Other thou 11 11 11 11 11 11 11 13 13 13 13HPCAU_Total thou 4812 4898 3918 4967 5150 5204 5396 5558 5752 5919 6009

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Kentucky Soybean Supply-Demand Crop year (Sep-Aug)Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Carry-in mil bu 0 0 0 0 0 0 0 0 0 0 0 Area planted thou ac 1400 1490 1480 1670 1760 1840 1790 1950 1950 1700 1850 Area harvested thou ac 1390 1480 1470 1660 1750 1810 1780 1940 1930 1690 1840 Yield bu/ac 34 39 40 50 48 49 50 53 51 46 55Production mil bu 47 58 59 83 83 89 89 103 98 78 101Supply mil bu 47 58 59 83 83 89 89 103 98 78 101Disappearance (Use) mil bu 47 58 59 83 83 89 89 103 98 78 101Seed/Residual Use mil bu 2 2 2 2 3 3 3 2 3 2 3Crush mil bu 34 36 36 37 41 41 41 49 35 39 39Use in State mil bu 37 38 38 39 44 44 44 51 38 41 42Carry-out mil bu 0 0 0 0 0 0 0 0 0 0 0Net Exports mil bu -10 -20 -21 -44 -40 -45 -45 -52 -61 -36 -59(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu 1238 1347 1463 1353 1030 958 980 975 875 890 naUS Farm Price cts/bu 1217 1313 1453 1332 1000 918 946 938 843 852 naState price minus US cts/bu 22 33 9 22 31 40 34 37 32 38 na

Soybean crush mil bu 34 36 36 37 41 41 41 49 35 39 39 Soymeal yield lbs/bu 47.7 47.9 47.7 47.7 47.5 47.3 46.8 48.4 47.3 47.1 47.2Soymeal production thou st 819 859 848 871 963 965 962 1176 823 922 928

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Kentucky Soybean Supply-Demand (con't) Crop year (Sep-Aug)

Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Soymeal fed in state thou st 592 616 564 593 613 636 623 667 647 675 690HPCAUs thou 2438 2424 2357 2410 2397 2415 2413 2411 2351 2394 2408Soymeal fed per HPCAU st 0.243 0.254 0.239 0.246 0.256 0.263 0.258 0.277 0.275 0.282 0.286Protein fed, total thou st 687 712 655 704 702 723 711 758 737 767 783 of which, Dairy thou st 42 42 39 38 36 35 33 35 33 31 31 Beef cattle thou st 109 112 111 110 108 116 115 122 120 123 125 Hogs thou st 47 48 45 48 48 50 50 52 49 57 62 Poultry thou st 488 508 459 507 509 521 512 546 533 553 561 Other thou st 1 1 1 1 1 1 1 2 3 3 3Non-soy olsd meal fed thou st 10 10 10 10 10 10 10 9 9 9 9Animal protein fed thou st 58 58 57 59 58 58 57 57 54 55 55Gluten feed & meal fed thou st 27 29 25 42 20 20 22 24 27 28 29Net Soymeal exports thou st -229 -246 -287 -281 -353 -332 -342 -512 -179 -250 -241

Soyoil yield lbs/bu 11.40 11.40 11.60 11.60 11.25 11.50 11.81 11.73 11.76 11.62 11.75Soyoil production mil lbs 391 409 412 423 456 469 486 570 409 455 462

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st 99 91 88 97 96 93 92 90 109 103 110 adjusted to 48% protein thou st 57 53 51 57 56 54 53 52 63 60 64

HPCAU_Dairy thou 149 144 140 131 123 117 111 112 105 97 97HPCAU_Beef Cattle thou 388 382 399 376 368 388 391 388 383 384 384HPCAU_Hogs thou 167 165 162 163 166 168 171 166 156 177 191HPCAU_Poultry thou 1730 1730 1653 1736 1738 1738 1738 1738 1699 1727 1727HPCAU_Other thou 4 4 4 4 4 4 4 8 8 8 8HPCAU_Total thou 2438 2424 2357 2410 2397 2415 2413 2411 2351 2394 2408

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Wisconsin Soybean Supply-Demand Crop year (Sep-Aug)Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Carry-in mil bu 5 5 4 5 3 7 4 2 15 30 17 Area planted thou ac 1640 1620 1710 1580 1800 1880 1960 2150 2220 1750 2000 Area harvested thou ac 1630 1610 1700 1550 1790 1870 1950 2140 2180 1690 1980 Yield bu/ac 51 47 42 39 44 50 55 48 48 47 55Production mil bu 82 75 71 60 79 93 107 102 105 79 109Supply mil bu 87 80 76 65 81 100 111 104 120 109 126Disappearance (Use) mil bu 82 76 71 64 74 96 109 89 90 92 116Seed/Residual Use mil bu 3 2 2 2 3 3 3 3 3 2 3Crush mil bu 0 0 0 0 0 0 0 0 0 0 0Use in State mil bu 3 2 2 2 3 3 3 3 3 2 3Carry-out mil bu 5 4 5 2 7 4 2 15 30 17 9Net Exports mil bu -79 -74 -68 -61 -71 -93 -106 -86 -87 -90 -113(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu 1188 1317 1428 1328 993 907 944 943 842 836 naUS Farm Price cts/bu 1217 1313 1453 1332 1000 918 946 938 843 852 naState price minus US cts/bu -29 3 -26 -4 -7 -11 -2 6 -1 -16 na

Soybean crush mil bu 0 0 0 0 0 0 0 0 0 0 0 Soymeal yield lbs/buSoymeal production thou st 0 0 0 0 0 0 0 0 0 0 0

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Wisconsin Soybean Supply-Demand (con't) Crop year (Sep-Aug)

Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Soymeal fed in state thou st 909 945 894 939 983 1012 996 1058 1037 1066 1086HPCAUs thou 3494 3485 3484 3568 3601 3615 3625 3603 3561 3579 3592Soymeal fed per HPCAU st 0.260 0.271 0.257 0.263 0.273 0.280 0.275 0.293 0.291 0.298 0.302Protein fed, total thou st 984 1023 968 1043 1054 1083 1068 1133 1116 1146 1167 of which, Dairy thou st 679 706 672 705 711 732 718 763 756 768 779 Beef cattle thou st 91 94 89 92 96 96 99 103 101 103 105 Hogs thou st 44 45 42 44 45 47 47 50 47 54 60 Poultry thou st 167 174 163 199 199 204 201 214 209 217 221 Other thou st 3 3 3 3 3 3 3 3 3 3 3Non-soy olsd meal fed thou st 14 14 14 15 15 14 14 14 14 14 14Animal protein fed thou st 23 23 23 26 26 26 26 25 24 25 25Gluten feed & meal fed thou st 38 41 36 63 31 30 33 36 41 41 43Net Soymeal exports thou st 904 941 889 935 979 1008 991 1053 1033 1062 1081

Soyoil yield lbs/bu 11.40 11.40 11.60 11.60 11.25 11.50 11.81 11.73 11.76 11.62 11.75Soyoil production mil lbs 0 0 0 0 0 0 0 0 0 0 0

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st 1512 1398 1348 1492 1470 1493 1482 1636 1479 1444 1533 adjusted to 48% protein thou st 882 816 786 870 858 871 865 954 862 843 894

HPCAU_Dairy thou 2408 2406 2417 2412 2429 2444 2438 2426 2412 2397 2397HPCAU_Beef Cattle thou 325 321 320 314 326 321 335 329 323 323 323HPCAU_Hogs thou 156 153 151 152 154 158 160 158 149 170 184HPCAU_Poultry thou 594 594 585 679 681 681 681 681 667 679 679HPCAU_Other thou 11 11 11 11 11 11 11 10 10 10 10HPCAU_Total thou 3494 3485 3484 3568 3601 3615 3625 3603 3561 3579 3592

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Illinois Soybean Supply-Demand Crop year (Sep-Aug)Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Carry-in mil bu 21 29 23 16 10 28 28 39 86 187 108 Area planted thou ac 9100 8950 9050 9500 9800 9800 10100 10600 10800 9950 10300 Area harvested thou ac 9050 8910 8930 9480 9770 9720 10050 10550 10500 9860 10250 Yield bu/ac 52 48 43 50 56 56 59 58 64 54 60Production mil bu 466 423 384 474 547 544 593 612 667 532 615Supply mil bu 487 453 407 490 557 573 620 650 753 719 723Disappearance (Use) mil bu 457 430 391 478 529 545 582 564 566 612 663Seed/Residual Use mil bu 19 11 13 13 18 15 17 13 17 13 17Crush mil bu 243 254 252 259 287 289 291 300 265 257 259Use in State mil bu 262 265 265 272 305 304 308 313 283 271 276Carry-out mil bu 29 23 16 13 28 28 39 86 187 108 60Net Exports mil bu -196 -164 -126 -205 -224 -241 -274 -252 -283 -341 -387(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu 1241 1340 1477 1346 1010 944 971 959 868 876 naUS Farm Price cts/bu 1217 1313 1453 1332 1000 918 946 938 843 852 naState price minus US cts/bu 24 27 23 14 11 25 26 21 25 24 na

Soybean crush mil bu 243 254 252 259 287 289 291 300 265 257 259 Soymeal yield lbs/bu 47.7 47.9 47.7 47.7 47.5 47.3 46.8 48.4 47.3 47.1 47.2Soymeal production thou st 5798 6086 6007 6167 6823 6835 6815 7252 6279 6062 6099

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Illinois Soybean Supply-Demand (con't) Crop year (Sep-Aug)

Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Soymeal fed in state thou st 750 792 739 756 804 833 858 937 950 1006 1037HPCAUs thou 3124 3154 3133 3106 3174 3196 3360 3419 3491 3605 3657Soymeal fed per HPCAU st 0.240 0.251 0.236 0.243 0.253 0.261 0.255 0.274 0.272 0.279 0.283Protein fed, total thou st 880 926 870 908 929 957 990 1075 1094 1155 1188 of which, Dairy thou st 52 55 52 52 52 53 52 55 51 50 51 Beef cattle thou st 59 60 58 63 63 67 68 68 71 67 68 Hogs thou st 637 673 632 656 675 696 731 804 824 898 928 Poultry thou st 129 134 125 134 135 138 136 145 147 137 139 Other thou st 4 4 3 4 4 4 4 2 2 2 2Non-soy olsd meal fed thou st 13 13 13 13 13 13 13 13 13 14 14Animal protein fed thou st 84 84 85 84 85 85 89 91 90 93 94Gluten feed & meal fed thou st 34 37 33 55 27 27 30 34 40 42 44Net Soymeal exports thou st -5052 -5298 -5272 -5415 -6023 -6006 -5960 -6319 -5333 -5060 -5066

Soyoil yield lbs/bu 11.40 11.40 11.60 11.60 11.25 11.50 11.81 11.73 11.76 11.62 11.75Soyoil production mil lbs 2772 2895 2922 3000 3229 3324 3440 3516 3120 2991 3039

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st 2633 2824 2779 2906 2864 2870 3575 3544 3400 3040 3227 adjusted to 48% protein thou st 1536 1647 1621 1695 1671 1674 2085 2067 1983 1773 1883

HPCAU_Dairy thou 184 186 188 179 178 178 177 176 161 156 156HPCAU_Beef Cattle thou 209 205 209 214 215 223 230 217 227 209 209HPCAU_Hogs thou 2261 2293 2274 2243 2307 2322 2480 2559 2628 2805 2857HPCAU_Poultry thou 457 457 449 458 460 460 460 460 468 428 428HPCAU_Other thou 13 13 13 13 13 13 13 7 7 7 7HPCAU_Total thou 3124 3154 3133 3106 3174 3196 3360 3419 3491 3605 3657

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Indiana Soybean Supply-Demand Crop year (Sep-Aug)Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Carry-in mil bu 6 11 8 8 9 16 12 21 22 46 26 Area planted thou ac 5350 5300 5150 5200 5450 5550 5650 5950 6000 5400 5700 Area harvested thou ac 5330 5290 5120 5190 5440 5500 5630 5940 5960 5360 5680 Yield bu/ac 49 46 44 52 55 50 58 54 58 51 60Production mil bu 259 241 225 267 302 275 324 321 343 273 341Supply mil bu 265 251 234 276 311 291 336 342 365 319 367Disappearance (Use) mil bu 254 243 225 268 295 279 315 320 319 293 352Seed/Residual Use mil bu 11 7 7 7 10 8 9 7 9 7 10Crush mil bu 162 169 168 172 181 183 184 171 275 275 277Use in State mil bu 173 176 175 180 191 191 193 178 285 283 286Carry-out mil bu 11 8 8 7 16 12 21 22 46 26 15Net Exports mil bu -81 -67 -50 -89 -104 -88 -121 -142 -35 -10 -66(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu 1248 1339 1491 1358 1021 946 969 968 872 888 naUS Farm Price cts/bu 1217 1313 1453 1332 1000 918 946 938 843 852 naState price minus US cts/bu 31 26 38 27 22 28 23 30 29 36 na

Soybean crush mil bu 162 169 168 172 181 183 184 171 275 275 277 Soymeal yield lbs/bu 47.7 47.9 47.7 47.7 47.5 47.3 46.8 48.4 47.3 47.1 47.2Soymeal production thou st 3867 4059 4007 4114 4312 4319 4306 4136 6514 6483 6522

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Indiana Soybean Supply-Demand (con't) Crop year (Sep-Aug)

Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Soymeal fed in state thou st 828 877 804 829 910 945 936 972 1064 1051 1055HPCAUs thou 3447 3488 3403 3402 3589 3621 3662 3537 3905 3756 3711Soymeal fed per HPCAU st 0.240 0.251 0.236 0.244 0.254 0.261 0.256 0.275 0.273 0.280 0.284Protein fed, total thou st 971 1024 945 994 1051 1085 1079 1112 1224 1203 1206 of which, Dairy thou st 90 96 89 97 99 103 102 110 106 105 107 Beef cattle thou st 39 41 36 40 40 42 41 42 43 43 43 Hogs thou st 354 378 342 323 373 389 394 383 372 383 374 Poultry thou st 485 505 475 531 535 548 539 575 700 670 680 Other thou st 3 3 3 3 3 3 3 2 2 3 3Non-soy olsd meal fed thou st 14 14 14 14 15 14 14 14 15 14 14Animal protein fed thou st 92 92 92 91 95 95 95 91 100 94 93Gluten feed & meal fed thou st 38 41 36 60 30 30 33 35 45 43 45Net Soymeal exports thou st -3043 -3186 -3207 -3288 -3406 -3379 -3374 -3168 -5454 -5436 -5471

Soyoil yield lbs/bu 11.40 11.40 11.60 11.60 11.25 11.50 11.81 11.73 11.76 11.62 11.75Soyoil production mil lbs 1849 1931 1949 2001 2041 2100 2174 2005 3237 3199 3250

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st 2695 3088 2120 2665 2951 3208 3141 3136 2966 2199 2334 adjusted to 48% protein thou st 1572 1802 1236 1555 1722 1871 1832 1829 1730 1283 1362

HPCAU_Dairy thou 319 326 321 331 339 345 346 349 339 328 328HPCAU_Beef Cattle thou 139 141 131 137 136 139 139 134 138 133 133HPCAU_Hogs thou 1257 1288 1231 1106 1275 1298 1337 1219 1187 1195 1150HPCAU_Poultry thou 1721 1721 1709 1817 1828 1828 1828 1828 2234 2092 2092HPCAU_Other thou 11 11 11 11 11 11 11 8 8 8 8HPCAU_Total thou 3447 3488 3403 3402 3589 3621 3662 3537 3905 3756 3711

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Ohio Soybean Supply-Demand Crop year (Sep-Aug)Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Carry-in mil bu 6 17 13 5 5 11 14 20 24 44 25 Area planted thou ac 4600 4550 4600 4500 4700 4750 4850 5100 5050 4300 4900 Area harvested thou ac 4590 4540 4590 4490 4690 4740 4840 5090 5020 4270 4880 Yield bu/ac 48 48 45 50 52 50 55 50 56 49 56Production mil bu 220 218 207 222 246 237 264 252 281 209 273Supply mil bu 227 235 220 228 252 248 278 272 305 253 299Disappearance (Use) mil bu 210 221 214 222 240 234 257 248 261 228 285Seed/Residual Use mil bu 9 6 7 6 8 7 8 6 8 6 8Crush mil bu 94 99 98 100 111 112 113 113 100 105 105Use in State mil bu 104 104 104 107 120 119 121 120 108 111 114Carry-out mil bu 17 13 5 5 11 14 20 24 44 25 14Net Exports mil bu -106 -117 -110 -116 -120 -115 -137 -128 -154 -117 -171(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu 1240 1348 1476 1353 1029 946 967 964 865 902 naUS Farm Price cts/bu 1217 1313 1453 1332 1000 918 946 938 843 852 naState price minus US cts/bu 24 34 23 22 29 27 22 27 22 50 na

Soybean crush mil bu 94 99 98 100 111 112 113 113 100 105 105 Soymeal yield lbs/bu 47.7 47.9 47.7 47.7 47.5 47.3 46.8 48.4 47.3 47.1 47.2Soymeal production thou st 2251 2363 2332 2394 2649 2654 2646 2744 2371 2470 2485

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Ohio Soybean Supply-Demand (con't) Crop year (Sep-Aug)

Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Soymeal fed in state thou st 707 750 698 761 809 841 836 903 972 1056 1086HPCAUs thou 2906 2946 2917 3088 3158 3193 3239 3260 3541 3751 3800Soymeal fed per HPCAU st 0.243 0.255 0.239 0.247 0.256 0.263 0.258 0.277 0.275 0.281 0.286Protein fed, total thou st 819 865 810 903 924 957 955 1025 1110 1201 1235 of which, Dairy thou st 143 149 141 147 148 150 145 156 150 152 154 Beef cattle thou st 53 59 51 56 56 57 60 63 64 64 65 Hogs thou st 218 235 221 221 238 256 264 291 290 336 357 Poultry thou st 398 415 389 471 475 486 478 510 602 644 653 Other thou st 7 8 7 8 8 8 8 5 5 5 5Non-soy olsd meal fed thou st 12 12 12 13 13 13 13 13 14 14 14Animal protein fed thou st 68 68 69 75 75 76 76 77 83 88 89Gluten feed & meal fed thou st 32 35 31 54 27 27 29 32 41 43 46Net Soymeal exports thou st -1547 -1616 -1637 -1637 -1843 -1816 -1813 -1845 -1402 -1419 -1404

Soyoil yield lbs/bu 11.40 11.40 11.60 11.60 11.25 11.50 11.81 11.73 11.76 11.62 11.75Soyoil production mil lbs 1076 1124 1134 1165 1254 1290 1335 1330 1178 1219 1238

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st 1238 1298 1251 1564 1542 1524 1472 1751 1838 1498 1590 adjusted to 48% protein thou st 722 757 729 912 899 889 859 1021 1072 874 927

HPCAU_Dairy thou 508 506 508 504 504 499 492 496 478 475 475HPCAU_Beef Cattle thou 188 201 185 190 191 190 202 201 203 200 200HPCAU_Hogs thou 772 800 796 757 814 854 895 925 925 1050 1099HPCAU_Poultry thou 1412 1412 1402 1611 1623 1623 1623 1623 1919 2010 2010HPCAU_Other thou 26 26 26 26 26 26 26 16 16 16 16HPCAU_Total thou 2906 2946 2917 3088 3158 3193 3239 3260 3541 3751 3800

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Michigan Soybean Supply-Demand Crop year (Sep-Aug)Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Carry-in mil bu 5 6 4 2 2 5 6 7 6 18 11 Area planted thou ac 2050 1950 2000 1930 2050 2030 2070 2280 2330 1760 2200 Area harvested thou ac 2040 1940 1990 1920 2040 2020 2060 2270 2310 1720 2190 Yield bu/ac 44 44 43 45 42 49 51 43 48 41 48Production mil bu 89 85 86 85 87 99 104 96 110 70 105Supply mil bu 93 91 90 87 89 104 110 104 116 88 116Disappearance (Use) mil bu 88 87 88 86 84 98 103 97 97 77 110Seed/Residual Use mil bu 4 2 3 3 3 3 3 3 3 2 4Crush mil bu 7 7 7 8 8 9 9 11 10 46 46Use in State mil bu 11 10 10 10 12 12 12 14 14 48 50Carry-out mil bu 6 4 2 2 5 6 7 6 18 11 6Net Exports mil bu -77 -77 -78 -75 -72 -86 -91 -83 -84 -29 -60(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu 1204 1306 1413 1333 1013 918 964 956 851 880 naUS Farm Price cts/bu 1217 1313 1453 1332 1000 918 946 938 843 852 naState price minus US cts/bu -12 -7 -41 2 14 -1 19 18 7 27 na

Soybean crush mil bu 7 7 7 8 8 9 9 11 10 46 46 Soymeal yield lbs/bu 47.7 47.9 47.7 47.7 47.5 47.3 46.8 48.4 47.3 47.1 47.2Soymeal production thou st 171 179 177 181 201 201 200 278 240 1079 1086

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Michigan Soybean Supply-Demand (con't) Crop year (Sep-Aug)

Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Soymeal fed in state thou st 441 467 444 479 518 541 533 582 614 634 646HPCAUs thou 1762 1783 1802 1890 1968 2000 2007 2048 2185 2200 2207Soymeal fed per HPCAU st 0.250 0.262 0.247 0.254 0.263 0.271 0.266 0.284 0.281 0.288 0.293Protein fed, total thou st 496 523 500 552 576 599 591 644 685 704 717 of which, Dairy thou st 190 204 196 208 220 231 233 251 246 255 258 Beef cattle thou st 40 42 39 41 40 41 41 42 42 42 43 Hogs thou st 132 137 133 129 140 147 139 162 169 178 183 Poultry thou st 132 138 130 171 173 177 174 185 225 226 229 Other thou st 3 4 3 4 4 4 4 3 4 4 4Non-soy olsd meal fed thou st 7 7 7 8 8 8 8 8 8 8 8Animal protein fed thou st 29 29 30 32 33 33 32 33 37 36 36Gluten feed & meal fed thou st 19 21 19 33 17 17 18 20 25 25 27Net Soymeal exports thou st 268 285 265 295 315 338 330 302 372 -447 -443

Soyoil yield lbs/bu 11.40 11.40 11.60 11.60 11.25 11.50 11.81 11.73 11.76 11.62 11.75Soyoil production mil lbs 82 85 86 88 95 98 101 135 119 533 541

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st 778 737 710 786 775 767 944 987 911 767 814 adjusted to 48% protein thou st 454 430 414 459 452 447 551 576 531 447 475

HPCAU_Dairy thou 674 694 704 713 752 770 792 799 784 795 795HPCAU_Beef Cattle thou 140 143 139 140 137 136 140 133 135 132 132HPCAU_Hogs thou 467 465 478 440 477 492 473 516 538 556 563HPCAU_Poultry thou 468 468 468 584 590 590 590 590 717 705 705HPCAU_Other thou 12 12 12 12 12 12 12 11 11 11 11HPCAU_Total thou 1762 1783 1802 1890 1968 2000 2007 2048 2185 2200 2207

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Cornbelt (13 States) Soybean Supply-Demand Crop year (Sep-Aug)Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Carry-in mil bu 127 190 149 123 80 172 164 259 400 835 480 Area planted thou ac 64240 62660 64340 63680 68860 67950 69570 75730 74850 64560 70300 Area harvested thou ac 63700 61880 63640 63290 68381 67450 69100 75310 73860 63660 69750 Yield bu/ac 571 545 505 570 606 626 688 631 654 607 678Production mil bu 2900 2668 2515 2806 3265 3324 3719 3731 3802 3058 3683Supply mil bu 3027 2858 2665 2929 3345 3496 3883 3991 4202 3892 4164Disappearance (Use) mil bu 2837 2709 2542 2845 3173 3333 3623 3591 3367 3412 3897Seed/Residual Use mil bu 125 78 91 90 120 102 110 92 111 86 115Crush mil bu 1343 1404 1392 1429 1526 1537 1549 1679 1739 1813 1821Use in State mil bu 1468 1481 1483 1519 1646 1638 1659 1770 1850 1899 1936Carry-out mil bu 190 149 123 84 172 164 259 400 835 480 266Net Exports mil bu -1368 -1227 -1059 -1326 -1527 -1694 -1964 -1820 -1517 -1513 -1961(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu 1213 1313 1445 1327 991 915 942 937 837 850 naUS Farm Price cts/bu 1217 1313 1453 1332 1000 918 946 938 843 852 naState price minus US cts/bu -3 0 -9 -5 -9 -3 -4 -1 -6 -2 na

Soybean crush mil bu 1343 1404 1392 1429 1526 1537 1549 1679 1739 1813 1821 Soymeal yield lbs/bu 47.7 47.9 47.7 47.7 47.5 47.3 46.8 48.4 47.3 47.1 47.2Soymeal production thou st 32045 33636 33202 34086 36274 36335 36227 40619 41143 42690 42948

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Cornbelt (13 States) Soybean Supply-Demand (con't) Crop year (Sep-Aug)

Item Unit 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21Soymeal fed in state thou st 10763 11460 10409 11028 11913 12460 12428 13682 13946 14537 14834HPCAUs thou 47872 48520 47178 48316 49907 50621 51532 52532 53899 54661 54878Soymeal fed per HPCAU st 0.225 0.236 0.221 0.228 0.239 0.246 0.241 0.260 0.259 0.266 0.270Protein fed, total thou st 13487 14246 13106 14123 14609 15165 15186 16515 16896 17504 17833 of which, Dairy thou st 1768 1842 1752 1839 1866 1928 1905 2039 2006 2032 2062 Beef cattle thou st 3010 3151 2919 3013 3079 3203 3178 3523 3502 3562 3615 Hogs thou st 4780 5158 4615 4953 5320 5588 5730 6321 6534 6956 7130 Poultry thou st 3851 4013 3742 4235 4262 4362 4291 4577 4799 4898 4970 Other thou st 79 82 78 82 82 84 82 54 54 55 56Non-soy olsd meal fed thou st 1168 1170 1171 1175 1178 1180 1182 1185 1185 1186 1186Animal protein fed thou st 948 960 949 988 1010 1015 1028 1043 1055 1066 1065Gluten feed & meal fed thou st 523 571 493 848 423 425 464 521 625 631 663Net Soymeal exports thou st -21335 -22230 -22847 -23114 -24417 -23932 -23856 -26995 -27255 -28211 -28171

Soyoil yield lbs/bu 11.40 11.40 11.60 11.60 11.25 11.50 11.81 11.73 11.76 11.62 11.75Soyoil production mil lbs 15318 16001 16148 16579 17166 17669 18286 19695 20446 21066 21401

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st 29964 29341 26595 29445 30353 31265 32023 33223 32018 29709 33104 adjusted to 48% protein thou st 17479 17116 15514 17176 17706 18238 18680 19380 18677 17330 19310

HPCAU_Dairy thou 6275 6274 6307 6292 6375 6436 6466 6487 6400 6346 6346HPCAU_Beef Cattle thou 10685 10731 10508 10309 10518 10693 10784 11206 11173 11125 11125HPCAU_Hogs thou 16966 17567 16612 16946 18175 18653 19443 20107 20845 21723 21940HPCAU_Poultry thou 13668 13668 13472 14489 14561 14561 14561 14561 15309 15294 15294HPCAU_Other thou 279 279 279 279 279 279 279 172 173 173 173HPCAU_Total thou 47872 48520 47178 48316 49907 50621 51532 52532 53899 54661 54878

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Alabama, Florida, & Georgia Soybean Supply-DemandAlabama Florida Georgia

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21 18-19 19-20 20-21Carry-in mil bu 0 0 0 0 0 0 0 0 0 Area planted thou ac 345 265 280 18 0 0 145 100 100 Area harvested thou ac 335 260 275 12 0 0 130 86 93 Yield bu/ac 40 36 41 37 0 0 40 29 39Production mil bu 13 9 11 0 0 0 5 2 4Supply mil bu 13 9 11 0 0 0 5 2 4Disappearance (Use) mil bu 13 9 11 0 0 0 5 2 4Seed/Residual Use mil bu 0 0 0 0 0 0 0 0 0Crush mil bu 79 75 76 0 0 0 70 66 66Use in State mil bu 79 76 76 0 0 0 70 66 66Carry-out mil bu 0 0 0 0 0 0 0 0 0Net Exports mil bu 66 66 65 0 0 0 65 63 63(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu na na na na na na na na naUS Farm Price cts/bu 843 852 na 843 852 na 843 852 naState price minus US cts/bu na na na na na na na na na

Soybean crush mil bu 79 75 76 0 0 0 70 66 66 Soymeal yield lbs/bu 47.3 47.1 47.2 47.3 47.1 47.2Soymeal production thou st 1858 1771 1781 0 0 0 1651 1549 1559

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Alabama, Florida, & Georgia Soybean Supply-Demand (con't)Alabama Florida Georgia

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21 18-19 19-20 20-21Soymeal fed in state thou st 1644 1718 1748 330 243 248 2049 2078 2118HPCAUs thou 6357 6460 6466 1213 869 872 8274 8161 8175Soymeal fed per HPCAU st 0.259 0.266 0.270 0.272 0.280 0.284 0.248 0.255 0.259Protein fed, total thou st 1993 2069 2101 380 278 283 2594 2613 2657 of which, Dairy thou st 3 2 2 67 68 69 47 48 49 Beef cattle thou st 76 78 79 90 92 93 56 59 60 Hogs thou st 21 24 27 8 10 11 48 56 62 Poultry thou st 1893 1964 1993 215 109 110 2442 2450 2486 Other thou st 0 0 0 0 0 0 0 0 0Non-soy olsd meal fed thou st 24 25 24 5 3 3 32 31 31Animal protein fed thou st 177 178 177 21 11 11 231 224 223Gluten feed & meal fed thou st 74 75 78 14 10 11 96 94 99Net Soymeal exports thou st -196 -34 -15 328 242 247 390 520 551

Soyoil yield lbs/bu 11.76 11.62 11.75 11.76 11.62 11.75 11.76 11.62 11.75Soyoil production mil lbs 923 874 888 0 0 0 820 765 777

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st na na na na na na 280 63 na adjusted to 48% protein thou st na na na na na na 163 37 na

HPCAU_Dairy thou 9 8 8 213 213 213 150 150 150HPCAU_Beef Cattle thou 242 244 244 286 286 286 180 185 185HPCAU_Hogs thou 67 76 82 27 31 33 155 176 190HPCAU_Poultry thou 6038 6132 6132 686 339 339 7790 7650 7650HPCAU_Other thou 0 0 0 0 0 0 0 0 0HPCAU_Total thou 6357 6460 6466 1213 869 872 8274 8161 8175

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

North Carolina, South Carolina & SE-US Soybean Supply-DemandNorth Carolina South Carolina Southeastern US

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21 18-19 19-20 20-21Carry-in mil bu 0 0 0 0 0 0 0 0 0 Area planted thou ac 1650 1540 1600 390 335 310 2548 2240 2290 Area harvested thou ac 1570 1520 1570 330 315 295 2377 2181 2233 Yield bu/ac 33 35 38 29 26 32 34 34 38Production mil bu 52 53 60 10 8 9 80 73 84Supply mil bu 52 53 60 10 8 9 80 73 84Disappearance (Use) mil bu 52 53 60 10 8 9 80 73 84Seed/Residual Use mil bu 2 2 2 0 0 0 3 3 3Crush mil bu 43 48 49 18 20 20 209 210 211Use in State mil bu 45 50 51 18 21 21 212 213 214Carry-out mil bu 0 0 0 0 0 0 0 0 0Net Exports mil bu -7 -3 -9 9 13 11 132 139 130(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu 861 874 na na na na na na naUS Farm Price cts/bu 843 852 na 843 852 na 843 852 naState price minus US cts/bu 18 22 na na na na na na na

Soybean crush mil bu 43 48 49 18 20 20 209 210 211 Soymeal yield lbs/bu 47.3 47.1 47.2 47.3 47.1 47.2 47.3 47.1 47.2Soymeal production thou st 1011 1138 1145 423 480 482 4943 4938 4967

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

North Carolina, South Carolina & SE-US Soybean Supply-Demand (con't)North Carolina South Carolina Southeastern US

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21 18-19 19-20 20-21Soymeal fed in state thou st 2654 2888 2941 459 458 469 7135 7385 7523HPCAUs thou 10302 10881 10898 1833 1781 1792 27978 28152 28203Soymeal fed per HPCAU st 0.258 0.265 0.270 0.251 0.257 0.262 0.255 0.262 0.267Protein fed, total thou st 3229 3484 3541 574 570 582 8771 9015 9165 of which, Dairy thou st 25 25 25 8 7 7 150 150 152 Beef cattle thou st 44 45 46 19 19 20 285 294 298 Hogs thou st 1356 1445 1472 39 45 50 1472 1581 1621 Poultry thou st 1804 1968 1997 508 499 506 6862 6989 7092 Other thou st 1 1 1 0 0 0 1 1 1Non-soy olsd meal fed thou st 40 41 41 7 7 7 107 107 106Animal protein fed thou st 293 305 304 51 49 49 772 767 763Gluten feed & meal fed thou st 120 126 132 21 21 22 325 325 341Net Soymeal exports thou st 1631 1738 1784 34 -24 -15 2187 2443 2551

Soyoil yield lbs/bu 11.76 11.62 11.75 11.76 11.62 11.75 11.76 11.62 11.75Soyoil production mil lbs 503 562 571 210 237 240 2457 2437 2475

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st na na na na na na 280 63 na adjusted to 48% protein thou st na na na na na na 163 37 na

HPCAU_Dairy thou 81 77 77 26 20 20 480 468 468HPCAU_Beef Cattle thou 139 141 141 61 61 61 908 918 918HPCAU_Hogs thou 4325 4513 4530 124 141 152 4697 4937 4988HPCAU_Poultry thou 5754 6146 6146 1622 1558 1558 21890 21824 21824HPCAU_Other thou 4 4 4 0 0 0 4 4 4HPCAU_Total thou 10302 10881 10898 1833 1781 1792 27978 28152 28203

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Delaware, Maryland, & New Jersey Soybean Supply-DemandDelware Maryland New Jersey

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21 18-19 19-20 20-21Carry-in mil bu 0 0 0 0 0 0 0 0 0 Area planted thou ac 170 155 150 530 480 490 110 95 95 Area harvested thou ac 168 153 148 515 475 485 107 92 93 Yield bu/ac 42 47 47 48 44 48 40 37 39Production mil bu 7 7 7 24 21 23 4 3 4Supply mil bu 7 7 7 24 21 23 4 3 4Disappearance (Use) mil bu 7 7 7 24 21 23 4 3 4Seed/Residual Use mil bu 0 0 0 1 1 1 0 0 0Crush mil bu 0 0 0 20 18 18 0 0 0Use in State mil bu 0 0 0 21 19 19 0 0 0Carry-out mil bu 0 0 0 0 0 0 0 0 0Net Exports mil bu -7 -7 -7 -4 -2 -5 -4 -3 -3(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu na na na na na na na na naUS Farm Price cts/bu 843 852 na 843 852 na 843 852 naState price minus US cts/bu na na na na na na na na na

Soybean crush mil bu 0 0 0 20 18 18 0 0 0 Soymeal yield lbs/bu 47.3 47.1 47.2Soymeal production thou st 0 0 0 470 422 424 0 0 0

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Delaware, Maryland, & New Jersey Soybean Supply-Demand (con't)Delware Maryland New Jersey

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21 18-19 19-20 20-21Soymeal fed in state thou st 383 416 423 496 482 490 83 84 86HPCAUs thou 1425 1505 1505 1833 1733 1736 306 304 305Soymeal fed per HPCAU st 0.269 0.276 0.281 0.271 0.278 0.282 0.270 0.277 0.282Protein fed, total thou st 447 482 489 575 555 564 96 97 99 of which, Dairy thou st 3 2 2 27 26 26 3 3 3 Beef cattle thou st 1 1 1 8 7 7 1 1 1 Hogs thou st 2 2 2 8 10 11 2 2 2 Poultry thou st 442 477 484 531 512 520 90 91 93 Other thou st 0 0 0 0 0 0 0 0 0Non-soy olsd meal fed thou st 5 6 6 7 7 7 1 1 1Animal protein fed thou st 41 43 43 50 47 46 8 8 8Gluten feed & meal fed thou st 17 17 18 21 20 21 4 4 4Net Soymeal exports thou st 382 414 421 24 58 64 82 84 86

Soyoil yield lbs/bu 11.76 11.62 11.75 11.76 11.62 11.75 11.76 11.62 11.75Soyoil production mil lbs 0 0 0 234 208 211 0 0 0

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st na na na na na na na na na adjusted to 48% protein thou st na na na na na na na na na

HPCAU_Dairy thou 8 7 7 85 81 81 11 9 9HPCAU_Beef Cattle thou 2 2 2 25 23 23 4 4 4HPCAU_Hogs thou 6 7 7 27 31 33 6 7 7HPCAU_Poultry thou 1409 1489 1489 1695 1599 1599 286 285 285HPCAU_Other thou 0 0 0 0 0 0 0 0 0HPCAU_Total thou 1425 1505 1505 1833 1733 1736 306 304 305

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

New York, Pennsylvania, & Virginia Soybean Supply-DemandNew York Pennsylvania Virginia

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21 18-19 19-20 20-21Carry-in mil bu 0 0 0 0 0 0 0 0 0 Area planted thou ac 335 235 310 640 620 610 600 570 570 Area harvested thou ac 325 225 300 630 610 605 590 560 560 Yield bu/ac 52 48 50 45 49 49 42 34 41Production mil bu 17 11 15 28 30 30 25 19 23Supply mil bu 0 0 0 28 30 30 25 19 23Disappearance (Use) mil bu 0 0 0 28 30 30 25 19 23Seed/Residual Use mil bu 0 0 0 1 1 1 1 1 1Crush mil bu 0 0 0 25 23 23 29 27 27Use in State mil bu 0 0 0 26 24 24 29 27 28Carry-out mil bu 0 0 0 0 0 0 0 0 0Net Exports mil bu 0 0 0 -2 -6 -6 5 8 5(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu na na na na na na na na naUS Farm Price cts/bu 843 852 na 843 852 na 843 852 naState price minus US cts/bu na na na na na na na na na

Soybean crush mil bu 0 0 0 25 23 23 29 27 27 Soymeal yield lbs/bu 47.3 47.1 47.2 47.3 47.1 47.2Soymeal production thou st 0 0 0 588 539 542 677 627 631

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

New York, Pennsylvania, & Virginia Soybean Supply-Demand (con't)New York Pennsylvania Virginia

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21 18-19 19-20 20-21Soymeal fed in state thou st 476 464 471 1082 1100 1127 676 688 701HPCAUs thou 1631 1545 1547 3900 3870 3906 2529 2508 2516Soymeal fed per HPCAU st 0.292 0.300 0.304 0.277 0.284 0.288 0.267 0.274 0.279Protein fed, total thou st 511 495 503 1223 1239 1269 793 803 818 of which, Dairy thou st 372 381 387 302 293 298 47 44 45 Beef cattle thou st 30 31 32 51 51 51 79 81 83 Hogs thou st 7 8 9 162 179 193 29 34 37 Poultry thou st 98 71 72 703 712 723 635 640 649 Other thou st 3 3 3 4 4 4 3 3 3Non-soy olsd meal fed thou st 6 6 6 15 15 15 10 10 9Animal protein fed thou st 10 7 7 81 80 81 62 61 60Gluten feed & meal fed thou st 19 18 19 45 45 47 29 29 30Net Soymeal exports thou st 474 462 469 490 557 581 -4 58 68

Soyoil yield lbs/bu 11.76 11.62 11.75 11.76 11.62 11.75 11.76 11.62 11.75Soyoil production mil lbs 0 0 0 292 266 270 337 309 314

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st 383 145 154 297 141 150 na na na adjusted to 48% protein thou st 223 85 90 173 82 87 na na na

HPCAU_Dairy thou 1187 1190 1190 964 916 916 149 139 139HPCAU_Beef Cattle thou 96 98 98 163 158 158 251 255 255HPCAU_Hogs thou 23 26 28 516 559 595 93 105 114HPCAU_Poultry thou 314 220 220 2244 2224 2224 2026 1999 1999HPCAU_Other thou 11 11 11 13 13 13 10 10 10HPCAU_Total thou 1631 1545 1547 3900 3870 3906 2529 2508 2516

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

West Virginia & Northeastern US Soybean Supply-DemandWest Virginia Northeastern US

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21Carry-in mil bu 0 0 0 0 0 0 Area planted thou ac 29 0 0 2414 2155 2225 Area harvested thou ac 27 0 0 2362 2115 2191 Yield bu/ac 53 0 0 45 43 46Production mil bu 1 0 0 107 91 101Supply mil bu 0 0 0 88 80 86Disappearance (Use) mil bu 0 0 0 88 80 86Seed/Residual Use mil bu 0 0 0 3 3 3Crush mil bu 0 0 0 73 67 68Use in State mil bu 0 0 0 76 70 71Carry-out mil bu 0 0 0 0 0 0Net Exports mil bu 0 0 0 -12 -10 -16(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu na na na na na naUS Farm Price cts/bu 843 852 na 843 852 naState price minus US cts/bu na na na na na na

Soybean crush mil bu 0 0 0 73 67 68 Soymeal yield lbs/bu 47.3 47.1 47.2Soymeal production thou st 0 0 0 1736 1587 1597

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

West Virginia & Northeastern US Soybean Supply-Demand (con't)West Virginia Northeastern US

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21Soymeal fed in state thou st 183 181 184 3379 3414 3481HPCAUs thou 670 645 646 12294 12110 12160Soymeal fed per HPCAU st 0.273 0.280 0.284 0.275 0.282 0.286Protein fed, total thou st 210 207 210 3854 3878 3952 of which, Dairy thou st 4 4 4 758 754 765 Beef cattle thou st 23 23 24 192 196 199 Hogs thou st 2 2 2 212 237 257 Poultry thou st 180 176 179 2680 2679 2719 Other thou st 1 1 1 12 12 12Non-soy olsd meal fed thou st 3 2 2 47 46 46Animal protein fed thou st 17 16 16 269 262 262Gluten feed & meal fed thou st 8 7 8 143 140 147Net Soymeal exports thou st 182 180 183 1629 1813 1871

Soyoil yield lbs/bu 11.76 11.62 11.75 11.76 11.62 11.75Soyoil production mil lbs 0 0 0 863 783 796

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st na na na 680 287 304 adjusted to 48% protein thou st na na na 397 167 177

HPCAU_Dairy thou 13 11 11 2417 2353 2353HPCAU_Beef Cattle thou 72 73 73 613 612 612HPCAU_Hogs thou 5 6 7 676 741 791HPCAU_Poultry thou 576 551 551 8549 8366 8366HPCAU_Other thou 4 4 4 38 38 38HPCAU_Total thou 670 645 646 12294 12110 12160

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Arkansas, Louisiana, & Mississippi Soybean Supply-DemandArkansas Louisiana Mississippi

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21 18-19 19-20 20-21Carry-in mil bu 0 0 0 0 0 0 0 0 0 Area planted thou ac 3270 2650 2820 1340 890 1050 2230 1660 2090 Area harvested thou ac 3210 2610 2780 1190 860 1020 2190 1630 2060 Yield bu/ac 51 49 49 52 48 55 54 50 53Production mil bu 162 128 136 61 41 56 118 82 109Supply mil bu 162 128 136 61 41 56 118 82 109Disappearance (Use) mil bu 162 128 136 61 41 56 118 82 109Seed/Residual Use mil bu 5 4 5 2 1 2 3 2 3Crush mil bu 28 28 28 33 42 42 10 9 9Use in State mil bu 33 32 33 35 43 44 13 12 13Carry-out mil bu 0 0 0 0 0 0 0 0 0Net Exports mil bu -129 -96 -103 -27 2 -12 -105 -70 -96(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu 863 875 na 841 873 na 840 868 naUS Farm Price cts/bu 843 852 na 843 852 na 843 852 naState price minus US cts/bu 20 22 na -2 21 na -3 16 na

Soybean crush mil bu 28 28 28 33 42 42 10 9 9 Soymeal yield lbs/bu 47.3 47.1 47.2 47.3 47.1 47.2 47.3 47.1 47.2Soymeal production thou st 658 664 668 776 996 1002 235 221 223

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Arkansas, Louisiana, & Mississippi Soybean Supply-Demand (con't)Arkansas Louisiana Mississippi

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21 18-19 19-20 20-21Soymeal fed in state thou st 1874 1973 2015 25 19 21 970 1030 1052HPCAUs thou 7633 7793 7821 437 404 406 4283 4388 4396Soymeal fed per HPCAU st 0.245 0.253 0.258 0.058 0.048 0.053 0.227 0.235 0.239Protein fed, total thou st 2393 2496 2541 137 129 132 1343 1405 1428 of which, Dairy thou st 3 3 3 6 6 6 5 5 5 Beef cattle thou st 104 104 106 46 46 47 52 54 55 Hogs thou st 96 112 122 6 7 7 28 33 36 Poultry thou st 2190 2277 2310 79 71 72 1258 1313 1333 Other thou st 0 0 0 0 0 0 0 0 0Non-soy olsd meal fed thou st 29 30 30 2 2 2 16 17 17Animal protein fed thou st 212 214 213 8 7 7 119 120 120Gluten feed & meal fed thou st 89 90 95 5 5 5 50 51 53Net Soymeal exports thou st 1232 1326 1364 -751 -977 -981 831 905 925

Soyoil yield lbs/bu 11.76 11.62 11.75 11.76 11.62 11.75 11.76 11.62 11.75Soyoil production mil lbs 327 328 333 386 491 499 117 109 111

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st na na na na na na 126 na na adjusted to 48% protein thou st na na na na na na 73 na na

HPCAU_Dairy thou 10 10 10 20 18 18 15 15 15HPCAU_Beef Cattle thou 332 325 325 147 144 144 166 170 170HPCAU_Hogs thou 306 348 376 19 21 23 89 102 110HPCAU_Poultry thou 6985 7110 7110 251 221 221 4012 4101 4101HPCAU_Other thou 0 0 0 0 0 0 0 0 0HPCAU_Total thou 7633 7793 7821 437 404 406 4283 4388 4396

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Oklahoma, Tennessee, & Texas Soybean Supply-DemandOklahoma Tennessee Texas

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21 18-19 19-20 20-21Carry-in mil bu 0 0 0 0 0 0 0 0 0 Area planted thou ac 640 465 560 1700 1400 1650 175 80 120 Area harvested thou ac 600 440 530 1670 1370 1620 135 73 105 Yield bu/ac 28 29 29 46 47 48 32 28 42Production mil bu 17 13 15 76 64 78 4 2 4Supply mil bu 17 13 15 76 64 78 4 2 4Disappearance (Use) mil bu 17 13 15 76 64 78 4 2 4Seed/Residual Use mil bu 1 1 1 2 2 3 0 0 0Crush mil bu 0 0 0 0 0 0 0 0 0Use in State mil bu 1 1 1 2 2 3 0 0 0Carry-out mil bu 0 0 0 0 0 0 0 0 0Net Exports mil bu -16 -12 -15 -74 -63 -75 -4 -2 -4(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu na na na 871 884 na na na naUS Farm Price cts/bu 843 852 na 843 852 na 843 852 naState price minus US cts/bu na na na 28 32 na na na na

Soybean crush mil bu 0 0 0 0 0 0 0 0 0 Soymeal yield lbs/buSoymeal production thou st 0 0 0 0 0 0 0 0 0

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Oklahoma, Tennessee, & Texas Soybean Supply-Demand (con't)Oklahoma Tennessee Texas

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21 18-19 19-20 20-21Soymeal fed in state thou st 1237 1308 1355 318 331 341 2212 2390 2446HPCAUs thou 4576 4714 4810 1499 1507 1519 10296 10653 10691Soymeal fed per HPCAU st 0.270 0.277 0.282 0.212 0.219 0.224 0.215 0.224 0.229Protein fed, total thou st 1435 1510 1563 470 483 494 3228 3411 3474 of which, Dairy thou st 24 25 25 22 20 20 322 349 354 Beef cattle thou st 383 388 394 103 106 107 1366 1449 1470 Hogs thou st 627 683 724 41 48 52 193 214 230 Poultry thou st 399 412 418 302 307 312 1316 1368 1388 Other thou st 2 2 2 2 2 2 31 32 32Non-soy olsd meal fed thou st 18 18 18 6 6 6 40 40 40Animal protein fed thou st 95 98 100 32 32 32 143 144 145Gluten feed & meal fed thou st 53 54 58 17 17 18 119 123 129Net Soymeal exports thou st 1232 1302 1350 316 329 339 2203 2380 2437

Soyoil yield lbs/bu 11.76 11.62 11.75 11.76 11.62 11.75 11.76 11.62 11.75Soyoil production mil lbs 0 0 0 0 0 0 0 0 0

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st na na na 534 498 529 1030 832 874 adjusted to 48% protein thou st na na na 311 291 309 601 485 510

HPCAU_Dairy thou 76 77 77 70 61 61 1027 1091 1091HPCAU_Beef Cattle thou 1221 1213 1213 328 331 331 4357 4523 4523HPCAU_Hogs thou 2002 2132 2227 131 149 161 614 668 707HPCAU_Poultry thou 1272 1286 1286 964 960 960 4199 4272 4272HPCAU_Other thou 7 7 7 6 6 6 99 99 99HPCAU_Total thou 4576 4714 4810 1499 1507 1519 10296 10653 10691

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Arizona, California, & Colorado Soybean Supply-DemandArizona California Colorado

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21 18-19 19-20 20-21Carry-in mil bu 0 0 0 0 0 0 0 0 0 Area planted thou ac 0 0 0 0 0 0 0 0 0 Area harvested thou ac 0 0 0 0 0 0 0 0 0 Yield bu/ac 0 0 0 0 0 0 0 0 0Production mil bu 0 0 0 0 0 0 0 0 0Supply mil bu 0 0 0 0 0 0 0 0 0Disappearance (Use) mil bu 0 0 0 0 0 0 0 0 0Seed/Residual Use mil bu 0 0 0 0 0 0 0 0 0Crush mil bu 0 0 0 0 0 0 0 0 0Use in State mil bu 0 0 0 0 0 0 0 0 0Carry-out mil bu 0 0 0 0 0 0 0 0 0Net Exports mil bu 0 0 0 0 0 0 0 0 0(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu na na na na na na na na naUS Farm Price cts/bu 843 852 na 843 852 na 843 852 naState price minus US cts/bu na na na na na na na na na

Soybean crush mil bu 0 0 0 0 0 0 0 0 0 Soymeal yield lbs/buSoymeal production thou st 0 0 0 0 0 0 0 0 0

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Arizona, California, & Colorado Soybean Supply-Demand (con't)Arizona California Colorado

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21 18-19 19-20 20-21Soymeal fed in state thou st 197 187 192 1812 1749 1778 744 800 826HPCAUs thou 855 802 807 6814 6412 6416 2594 2724 2774Soymeal fed per HPCAU st 0.231 0.233 0.237 0.266 0.273 0.277 0.287 0.294 0.298Protein fed, total thou st 268 257 262 2136 2053 2085 813 872 901 of which, Dairy thou st 122 118 120 1016 1034 1050 107 116 118 Beef cattle thou st 111 102 103 284 295 299 391 415 421 Hogs thou st 18 21 22 14 16 18 213 242 261 Poultry thou st 12 12 12 800 685 695 85 82 83 Other thou st 5 5 5 23 23 24 17 18 18Non-soy olsd meal fed thou st 3 3 3 26 24 24 10 10 10Animal protein fed thou st 3 3 3 77 65 64 29 31 32Gluten feed & meal fed thou st 10 9 10 79 74 78 30 31 34Net Soymeal exports thou st 196 186 191 1805 1742 1771 741 797 822

Soyoil yield lbs/bu 11.76 11.62 11.75 11.76 11.62 11.75 11.76 11.62 11.75Soyoil production mil lbs 0 0 0 0 0 0 0 0 0

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st 128 na na 479 349 370 359 339 359 adjusted to 48% protein thou st 74 na na 279 203 216 210 198 209

HPCAU_Dairy thou 391 368 368 3242 3230 3230 342 363 363HPCAU_Beef Cattle thou 355 317 317 904 920 920 1247 1295 1295HPCAU_Hogs thou 56 64 69 44 50 54 679 755 804HPCAU_Poultry thou 37 37 37 2551 2139 2139 271 256 256HPCAU_Other thou 15 15 15 73 73 73 55 55 55HPCAU_Total thou 855 802 807 6814 6412 6416 2594 2724 2774

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Montana, New Mexico, & Nevada Soybean Supply-DemandMontana New Mexico Nevada

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21 18-19 19-20 20-21Carry-in mil bu 0 0 0 0 0 0 0 0 0 Area planted thou ac 0 0 0 0 0 0 0 0 0 Area harvested thou ac 0 0 0 0 0 0 0 0 0 Yield bu/ac 0 0 0 0 0 0 0 0 0Production mil bu 0 0 0 0 0 0 0 0 0Supply mil bu 0 0 0 0 0 0 0 0 0Disappearance (Use) mil bu 0 0 0 0 0 0 0 0 0Seed/Residual Use mil bu 0 0 0 0 0 0 0 0 0Crush mil bu 0 0 0 0 0 0 0 0 0Use in State mil bu 0 0 0 0 0 0 0 0 0Carry-out mil bu 0 0 0 0 0 0 0 0 0Net Exports mil bu 0 0 0 0 0 0 0 0 0(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu na na na na na na na na naUS Farm Price cts/bu 843 852 na 843 852 na 843 852 naState price minus US cts/bu na na na na na na na na na

Soybean crush mil bu 0 0 0 0 0 0 0 0 0 Soymeal yield lbs/buSoymeal production thou st 0 0 0 0 0 0 0 0 0

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Montana, New Mexico, & Nevada Soybean Supply-Demand (con't)Montana New Mexico Nevada

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21 18-19 19-20 20-21Soymeal fed in state thou st 185 191 195 283 311 316 0 0 0HPCAUs thou 633 639 645 1004 1080 1080 0 0 0Soymeal fed per HPCAU st 0.292 0.298 0.302 0.282 0.288 0.292 0.000 0.000 0.000Protein fed, total thou st 199 204 210 315 346 351 0 0 0 of which, Dairy thou st 7 7 7 189 198 201 0 0 0 Beef cattle thou st 147 151 153 64 63 64 0 0 0 Hogs thou st 22 26 28 0 0 1 0 0 0 Poultry thou st 13 12 12 57 81 82 0 0 0 Other thou st 9 9 9 4 4 4 0 0 0Non-soy olsd meal fed thou st 2 2 2 4 4 4 0 0 0Animal protein fed thou st 4 4 4 6 8 8 0 0 0Gluten feed & meal fed thou st 7 7 8 12 12 13 0 0 0Net Soymeal exports thou st 184 190 194 282 310 315 0 0 0

Soyoil yield lbs/bu 11.76 11.62 11.75 11.76 11.62 11.75 0.00 0.00 0.00Soyoil production mil lbs 0 0 0 0 0 0 0 0 0

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st na na na 4 na na na na na adjusted to 48% protein thou st na na na 2 na na na na na

HPCAU_Dairy thou 23 22 22 604 617 617 0 0 0HPCAU_Beef Cattle thou 470 470 470 205 195 195 0 0 0HPCAU_Hogs thou 70 80 86 1 2 2 0 0 0HPCAU_Poultry thou 42 38 38 180 253 253 0 0 0HPCAU_Other thou 28 28 28 13 13 13 0 0 0HPCAU_Total thou 633 639 645 1004 1080 1080 0 0 0

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Utah & Wyoming Soybean Supply-DemandUtah Wyoming

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21Carry-in mil bu 0 0 0 0 0 0 Area planted thou ac 0 0 0 0 0 0 Area harvested thou ac 0 0 0 0 0 0 Yield bu/ac 0 0 0 0 0 0Production mil bu 0 0 0 0 0 0Supply mil bu 0 0 0 0 0 0Disappearance (Use) mil bu 0 0 0 0 0 0Seed/Residual Use mil bu 0 0 0 0 0 0Crush mil bu 0 0 0 0 0 0Use in State mil bu 0 0 0 0 0 0Carry-out mil bu 0 0 0 0 0 0Net Exports mil bu 0 0 0 0 0 0(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu na na na na na naUS Farm Price cts/bu 843 852 na 843 852 naState price minus US cts/bu na na na na na na

Soybean crush mil bu 0 0 0 0 0 0 Soymeal yield lbs/buSoymeal production thou st 0 0 0 0 0 0

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Utah & Wyoming Soybean Supply-Demand (con't)Utah Wyoming

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21Soymeal fed in state thou st 282 324 349 99 103 105HPCAUs thou 1012 1140 1212 339 346 348Soymeal fed per HPCAU st 0.278 0.284 0.288 0.292 0.298 0.303Protein fed, total thou st 317 365 394 106 111 113 of which, Dairy thou st 59 59 60 4 4 4 Beef cattle thou st 40 42 42 79 82 83 Hogs thou st 111 155 180 8 10 11 Poultry thou st 95 98 99 0 0 0 Other thou st 12 12 12 14 15 15Non-soy olsd meal fed thou st 4 4 5 1 1 1Animal protein fed thou st 20 24 26 2 2 2Gluten feed & meal fed thou st 12 13 15 4 4 4Net Soymeal exports thou st 280 322 348 98 103 105

Soyoil yield lbs/bu 11.76 11.62 11.75 11.76 11.62 11.75Soyoil production mil lbs 0 0 0 0 0 0

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st na na na na na na adjusted to 48% protein thou st na na na na na na

HPCAU_Dairy thou 189 184 184 12 12 12HPCAU_Beef Cattle thou 127 130 130 253 257 257HPCAU_Hogs thou 355 483 555 27 31 33HPCAU_Poultry thou 302 305 305 1 1 1HPCAU_Other thou 38 38 38 46 46 46HPCAU_Total thou 1012 1140 1212 339 346 348

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Idaho, Oregon, & Washington Soybean Supply-DemandIdaho Oregon Washington

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21 18-19 19-20 20-21Carry-in mil bu 0 0 0 0 0 0 0 0 0 Area planted thou ac 0 0 0 0 0 0 0 0 0 Area harvested thou ac 0 0 0 0 0 0 0 0 0 Yield bu/ac 0 0 0 0 0 0 0 0 0Production mil bu 0 0 0 0 0 0 0 0 0Supply mil bu 0 0 0 0 0 0 0 0 0Disappearance (Use) mil bu 0 0 0 0 0 0 0 0 0Seed/Residual Use mil bu 0 0 0 0 0 0 0 0 0Crush mil bu 0 0 0 0 0 0 0 0 0Use in State mil bu 0 0 0 0 0 0 0 0 0Carry-out mil bu 0 0 0 0 0 0 0 0 0Net Exports mil bu 0 0 0 0 0 0 0 0 0(Minus indicates exports from State)Farm Price, unweighted annual averageState Farm Price cts/bu na na na na na na na na naUS Farm Price cts/bu 843 852 na 843 852 na 843 852 naState price minus US cts/bu na na na na na na na na na

Soybean crush mil bu 0 0 0 0 0 0 0 0 0 Soymeal yield lbs/buSoymeal production thou st 0 0 0 0 0 0 0 0 0

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.

PRX The ProExporter Network ® Grain, Oilseed & Biofuel Fundamentals 10-09-20

Idaho, Oregon, & Washington Soybean Supply-Demand (con't)Idaho Oregon Washington

Item Unit 18-19 19-20 20-21 18-19 19-20 20-21 18-19 19-20 20-21Soymeal fed in state thou st 513 536 544 208 204 207 392 436 443HPCAUs thou 1726 1764 1765 724 691 692 1366 1491 1492Soymeal fed per HPCAU st 0.297 0.304 0.308 0.287 0.295 0.299 0.287 0.293 0.297Protein fed, total thou st 541 565 573 227 221 225 428 477 485 of which, Dairy thou st 366 385 391 74 77 79 164 169 172 Beef cattle thou st 157 164 167 70 69 70 99 105 106 Hogs thou st 4 5 5 4 5 5 4 5 5 Poultry thou st 4 1 1 71 63 64 158 197 199 Other thou st 9 9 9 7 7 7 2 2 2Non-soy olsd meal fed thou st 7 7 7 3 3 3 5 6 6Animal protein fed thou st 2 1 1 8 7 7 15 18 18Gluten feed & meal fed thou st 20 20 21 8 8 8 16 17 18Net Soymeal exports thou st 511 534 542 207 203 206 390 435 441

Soyoil yield lbs/bu 11.76 11.62 11.75 11.76 11.62 11.75 11.76 11.62 11.75Soyoil production mil lbs 0 0 0 0 0 0 0 0 0

Note on DDG from corn. PRX supply-demand tables show DDG impact in terms of corn displaced from feed use, not as a meal.DDG production from corn thou st 162 135 143 81 22 23 na na na adjusted to 48% protein thou st 95 79 83 47 13 14 na na na

HPCAU_Dairy thou 1169 1203 1203 237 242 242 525 529 529HPCAU_Beef Cattle thou 502 513 513 224 216 216 316 327 327HPCAU_Hogs thou 13 15 16 13 15 16 13 15 16HPCAU_Poultry thou 13 3 3 227 196 196 505 614 614HPCAU_Other thou 29 29 29 23 23 23 7 7 7HPCAU_Total thou 1726 1764 1765 724 691 692 1366 1491 1492

© 2020 PRX Report not intended as trade recommendation. Analysis based in part on public data and PRX best judgment.